Transcripts For FBC Stossel 20160507 : vimarsana.com

FBC Stossel May 7, 2016

John capitalism versus socialism, thats our show tonight. Bernie sanders killed it in New Hampshire, overwhelmingly democratic voters chose a man who calls himself a democratic socialist. Voters want that . I guess they dont know what socialism means. Bernie says it mines all kinds of good things like fairness, equality, kindness. His supporters say democratic socialism is what countries like denmark have. People there have comfortable lives. Im starting to talk myself into this. But thinking this way is dumb. I liked what regina posted on my facebook page. She says people dont understand it means for the good of the group over the individual. Still lots of americans say that would be good. Lets take care of the group, not just selfish rich individuals. Thats what democracy for america, millionmember Progressive Group for howard dean believes. They endorsed Bernie Sanders. Neil soroka speaks for the group. You must be happy. When someone is aggressive think speak up to the fact that we all do better when we all do better to win in such a big way is good for democrats and good for the country. John socialism generally means the government owns the means of production. Do you want that . I think there are antiquated views of what socialism is. I dont think people are calling for state ownership of the gas station down the street. But we are saying the Current System isnt working. When over 40 million americans are still living in poverty that a millionaire and billionaire class is trying the essentially own all political discourse in this country, thats problematic and thats what we have to Work Together to dismantle. John lets take them one at a time. Own political discourse. You are referring to citizens united. Rich people spends a lot of the money on political campaigns . Its the way wealthy and powerful interests control congress. The real challenge this country is how do we make sure corporations arent the ones writing the laws. Real people that elect representatives get a say in their government. John i didnt see the corporations winning when they backed romney or hillary in the last election or jeb bush this election. All this money and spending on ads doesnt seem to buy the country. There will be times they win and they lose. But at end of the day, when you are helping write the laws, when you are helping determine what goes on in washington john the unions and Big Government, thats not influential, they arent writing the laws and manipulating the rules to suit them . Here is the big difference. Unions are a collection of working people coming together to themselves enact change. John so are corporations. But there is a distinct profit motive that unions dont have. If we want to have reform of compensation across corporations and unions, lets do it. Lets make sure nobody is make an unfair, undue profit off everyone elses work. John you want to fix the big wealth disparity and there is one. Socialism professes to do that. But how did that work in the soviet union store cuba and venezuela. How come it never works and it leaves everybody poor . There are a lot of nordic countries that have the democratic socialist world view that works today and its working quite well for working people. John when you say nordic countries, what do you seen in. Sweden, norway . It would be a great place to be a middle class working person. John in europe youth unemployment is 20 . Double than it is in america. What have they invented in norway or denmark. What innovation has come out of europe . This is a stagnant place. It was rich. Socialism has made them complacent and poor. I dont think we have to have this false choice between innovation and a country that works for working people. We had a system where we can insure that government and business works for working people, its going to look different than it looks in the rest of the world. But creating this false choice isnt helpful when we know the system we have right now isnt working for most people except those at the very top. John lets go to social media, i asked my social media followers for their thoughts on socialism. Martin dean posted capitalism accomplishes all the goals socialism tries to achieve and does it without theft or use force. Own google plus. Jason added capitalism is about choice, socialism is about force. Thats true. Government is forced. You may hate these big companies. But you dont have to buy their stuff. Eye would love to have a single payer healthcare system. If something goes wrong and i dont get access to the care i survive, i can go after the politicians enacting that policy. I can vote them out of office. I dont have that sort of choice when it comes to taking down a Health Insurance industry that active think clouds with one another. John what are you talking about. You have one vote in vermont. In vermont your vote wont down in the president ial election. We know they will vote democratic. Among private Health Insurance companies. If you dont like your company you can go to another company. You can vote with your dollars. You can vote with our dollars if they will take your money when you want to buy Health Insurance. That was the big problem we had prior to obamacare. So many people talk about eliminating obamacare steam forget the real challenge people had was Health Insurance wouldnt cover them. They were cherry picking the Healthy People versus the sick people. John thats what insurance is, they try to make and profit and the really sick people may need to be taken care of by the government. We are out of time, but thank you for arguing your point. Lots of americans, especially young people agree with him. There is real excitement at Bernie Sanders rallies. People channel feel the berks rn. We are going to explain what democratic socialism is. What democratic socialism is saying is its immoral and wrong that at top 1 10 of 1 own almost 90 . John i think a lot of americans feel 1 of americans control so much wealth. Thats why democrats say government ought to step in and redistribute. If thats socialism, whats wrong with that. Lets ask an economist. Whats wrong with that . It doesnt work. We have historical evidence it has never worked. Lit never work its a system that is not fitting for human being as we truly are. John you group under socialism under yugoslavia until you were 14 years old. I learned a lot by the from my far it who was a public auditor in croatia. He sat rot from within. He was checking the books of all of these government controlled businesses. He tried to get us out of yugoslavia in the 1970s and did not succeed until 1984. But i had a chance even though i was young, to observe how socialism does not work in person. John you are talking about communism. Todays democratic socialists say we couldnt want that. We just want denmark. There is rhetorical flourishing going on here. Denmark is not what bernie and his followers say it is. The Prime Minister of denmark objected to denmark being referred to as democratic asocialist country just back in november. He was quite upset about it. He point out denmark as a strong market economy. If you look at what denmark has been doing, thats true. John they have less regulation, fewer labor rules, its easier to hire and fire. All correct. They are ranked extremely close to the United States in terpt of the index of economic freedom. John you say Income Redistribution never works. They say, you know, in denmark and europe, the people are closer together. Its a nicer site, bert for everybody. They really are not speaking the truth. The fact is that in denmark we have still a great deal of income inequality. 10 of the people control 80 of the wealth. Even in denmark. There i no way to avoid it. What they do do is even gang in a great deal of Income Redistribution. If bernie want the u. S. To be more like denmark. What should happen is taxes would go up on most americans, most middle class people, most of them poor people, and go up considerably. But here its just one john we are out of time. Thank you. How soon will america go broke . Baits not just sanders and the democrats who promise impossible spending. Republicans want to spend more, too. We need to increase our military spending. We are not spending enough right now. When it comes to Small Business, shes in the know. So strap yourselves in for action flo Small Business edition. Oh, no im up to my neck in operating costs ill save the day for plumbers and bakers and scapers of lawn, shes got customized coverage you can count on. You chipped my birdbath now youre gonna pay not so fast i cover more than just cars and trucks. Action flo did somebody say insurance . Children flo action flo cut can i get a smoothie, please . Ooh they got smoothies . For me. Ooh they got smoothies . Poallergies . Reather. Stuffy nose . Cant sleep . Take that. A breathe right nasal strip instantly opens your nose up to 38 more than allergy medicine alone. Shut your mouth and say goodnight, mouthbreathers. Breathe right. Hey sweetie, how was your first week . Long. Itll get better. Im at the edward jones office, like sue suggested. Thanks for doing this, dad. So i thought it might be time to talk about a financial strategy. laughing you mean pay him back . Knowing your future is about more than just you. So lets Start Talking about your longterm goals. Multiplied by 13,000 financial advisors. Its a big deal. And its how edward jones makes sense of investing. Ive had moderate to Severe Plaque Psoriasis most of my life. But that hasnt stopped me from modeling. My doctor told me about stelara® it helps keep my skin clearer. With only 4 doses a year after 2 starter doses. Stelara® helps me be in season. Stelara® may lower your ability to fight infections and increase your risk of infections. Some serious infections require hospitalization. Before starting stelara® your doctor should test for tuberculosis. Stelara® may increase your risk of cancer. Always tell your doctor if you have any sign of infection, have had cancer, or if you develop any new skin growths. Do not take stelara® if you are allergic to stelara® or any of its ingredients. Alert your doctor of new or worsening problems including headaches, seizures, confusion and vision problems. These may be signs of a rare, potentially fatal brain condition. Serious allergic reactions can occur. Tell your doctor if you or anyone in your house needs or has recently received a vaccine. In a medical study, most stelara® patients saw at least 75 clearer skin and the majority were rated as cleared or minimal at 12 weeks. Stelara® helps keep my skin clearer. Ask your doctor about stelara®. Yawn america isnt truly socialist yet. Under socialism government owns everything. Our government doesnt. It on owns about half. Yes. Government so big it controls half the economy. And the government controlled part keeps getting bigger. We are on the road to bankruptcy. So what do the democratic candidate say about that . I would like to see planned parenthood get more funding. We should expand funding. John they all want to spend more on everything. This would be bad and socialist enough if government had the money, but it doesnt, to fund it prop is. We reached 19 trillion of debt this month. You ready to pay your share . Despite this crisis, this elect season we have heard nothing from the candidate about the debt. Doesnt anybody care about the debt and america going broke . I care and so does this woman. Im the Deputy Director and the rowe institute. She is a geeky budget analyst and she spend her days obsessing about our debt and sometimes testifying about it. Nobody cares. I think people do care but they dont understand the root source of the problem. 19 trillion in debt means its larger than the size of our entire economy. That drags down growth. We should care about economic opportunity. John Interest Rates are low,er said this would and disaster when the debt was much less. Its like you are on the titanic. You see the iceberg on the radar screen. Its time to make course directs now and not go toward it. Social security, medicare, medicaid, those changes hard to make. But Congress Need to get us on the path to balancing in the long run. He can motor because . Because of higher spending. 85 of the growth and spending is from Social Security, medicare, medicaid and interest on the debt. John im old, i refuse to die, i keep wanting to collect the some of my government promised me. We are a big group than that will bankrupt me. Its the population 55 and older that tend to vote pore disproportionately. John we have a chart by paul krug who calls it the mostly solved deficit problem. The step up plus spending and the tarp bailouts. Spending is going up. Thats the real problem. The only reason we have seen an improvement in the deficit. Most of it is because of tax increases. John it hasnt blown up partly because Interest Rates are low. What happens if Interest Rates went back up to a normal historical 5 . Well be spending more in interest on the debt than well be spending on the military or other federal National Priorities and thats troubling. Every dollar that goes to interest on the debt is a dollar thats not available for the federal priorities. Even the republicans want to spend more. I will tell you we are not spending enough right now. The republicans want to increase military spending. The democrats want to increase spending on everything. Universal healthcare coverage for every man woman and child. Public colleges and universities, tuition free. John they get this thunderous applause. People are excited by more spending. They are not excited by what you are talking about. Thats how you got massive unfunded liabilities. Seniors and baby boomers, we need to make change now and the next president will have to lead on this issue. If we dont cut spending, we just try to make up for all these unfunded liabilities are tax increases, we would have to raise taxes on everyone by double their taxes. There isnt enough money to get from the rich. So you are raising taxes on low income workers. Thats way its going to take if we dont cut spending. John next, young people being brainwashed into supporting socialism. He introduced himself as the most raging liberal you will ever meet. John what can a student say when someone brings up socialism. He says jesus was a socialism and capitalism caused the Great Depression. My next guest will tell you what to say. Heres the plan. Youre a Financial Company that cares, but your logo is old and a little pointy. So you evolve. You simplify. You havent changed. You still help people live their best lives. And finally your new logo is ready, and you decide the perfect time to show the world is right. Now. And intellectual propertylines about bubeing stolen. G hacked that is cybercrime. And it affects each and every one of us. Microsoft created the digital crimes unit to fight cybercrime. We use the microsoft cloud to visualize information so we can track down the criminals. When it comes to the cloud, trust and security are paramount. Were building what we learn back into the cloud to make people and organizations safer. Im in charge of it all. Business expenses, so ive been snapping photos of my receipts and keeping track of them in quickbooks. Now im on top of my expenses, and my bees. Best 68,000 employees ever. Thats how we own it. Raise yyou know,if youve got save 500 bucks over here. No, save 300 bucks over here. Well, esurance was born online, and built to save. Thats auto and Home Insurance for the modern world. Esurance, an allstate company. It was always just a hobby. Something you did for fun. Until the day it became something much more. And that is why you invest. The best returns arent just measured in dollars. Td ameritrade. My School Reunions comi fast. Could be bad. Could be a blast. Cant find a single thing to wear. Will they be looking at my hair . Wont be the same without you bro. When its go, go to choicehotels. Com. The site with the right room, rewards and savings up to 20 when you book direct. Book now at choicehotels. Com most College Campuses are liberal. John often i think oreilly is a cranky ol old codger complaing with young people. But he has a point. 99 of college pro pessors who donated to politicians gave to democrats. Jesse watters asked College Students about leftist professors. He introduced himself as the mo see. He said if you dont like it, he said you can get out. Have you ever changed an answer to you will get a good grade . Oh, yes. John are you going to stand and say excuse me, professor, you are pushing socialist myths. So first what is the foundation for Economic Education . The foundation is the oldest premarket think tank in the United States, and our focus is on high school and College Students giving them the facts and figures and arguments they need to stand up for individual liberty and small government and private property and personal character. John lept start with some of the big ones. The Great Depression was caused bid capitalism. Just the opposite is the case. The Federal Reserve began to raise Interest Rates in 1929 and choked off money growth and the economy slumped. It was the price we paid for the previous bubble. Then you had one crazy policy of government after another. We had sky high tariffs. He doubled the income tax and fdr came along later and made it worse. You cannot close the door to i am 40s without closing the door to ex you cannot close the door to imports without closing the doors to exports. Foreign governments retaliated and raised their tariffs against american goods. So they knead a recession a depression. John

© 2025 Vimarsana