Economy and your hard work and resilience, americas leading again. Hmm. But are we really better off . Because more than onethird of americans say they are worse off than they were five years ago, according to a new Federal Reserve report. Less than half those surveyed said they couldnt even cover a 400 expense without borrowing or selling something. In a recent poll shows 76 of adults lack confidence that their kids will have a better life than they do. Are we all better off with president obamas which he . Ask yourself that question, eric. I see what you did there. Its labor day. Youre talking about jobs, right . Thats very good, k. G. Did you know 109 million americans actually get some form of welfare . Clearly one in three americans are somehow getting something from the government. Social security net . Im including everything. 109 million americans getting something. Talking about welfare. Not social security, okay. So that coupled with 63 Labor Participation rate, one of the lowest in the last 40 years, household net worths are actually down since president obama took over. Its a sad picture, it shouldnt be labor day, it should be lazy day. People not working. Why arent they working . Because they dont want to . Theyre not out getting a job . The jobs simply arent there . The manufacturing and the tech jobs, theyre going overseas. This week we heard about ferguson but those are highpaying administrative jobs going to canada and other countries. What we do continue to have is fast food workers at the french fry counter, not at the management level. So were creating all these parttime fast food jobs, and all our important, highpaying jobs does he order them to send people out of the country . Warren buffett is one of the biggest contributors. Thats whats going to happen. The good jobs are going to go elsewhere. Andrew, we have the punitive essentially tax system in this country where the more you make, the more well punish you and stifle the creativity and entrepreneurship out of your body until you have no choice but to move to canada. And thats exactly what burger king its funny eric should mention that burger king last week tried to become a canadian citizen. So you have companies, k. G. , that are running away from the United States of america instead of to the United States of america. Because of our oppressive tax system. Reverse border issue. President obama tried to tackle this with a simpsonbowles commission. Its one thing bob and i agree on. They came together. It wasnt a perfect tax structure they proposed, but it was a bipartisan plan, and the president , he didnt touch it. Maybe he used it for kindling this winter. And burned it up because no one looked at it on capitol hill. We have the highest Corporate Tax rate. So its really hard to create jobs and obamacare has really shifted us into this parttime anemic economy. Now, the fed chairman, janet yell, though theyve pumped tons of money into the economy, you have a number of people who i do believe want to work, but youve got people, k. G. , ph. D. Masters degrees, as eric points out, working parttime jobs. Its a sad state. They cant find fulltime work. More people are working part time than in the state of washington alone. Thats a huge number of people. And i know bobs going to go yeah, but the stock market, the stock market, when clinton at least was in office, you had a raging stock market and a raging labor market. We only have one. You need the labor market. We had some other raging things when clinton was in office, too. He had a couple. Im really depressed. Happy labor day, everybody. Okay. Lets go find the nooses. Go down to the Hardware Store to hang yourself. Look, actually, this is a testament to the strength of our free market system, that it can sustain such internal attacks by those in charge. Leftism is like a massive trailer that you attach to a race car. And the economy, the capitalist economy is that race car that just moves a little slower as it pulls this burden of liberalism. In a weird way, president obama is praising the very system that he despises when he says look, things are coming together. Whats hes really talking about is the cyclical nature of our economy. Its ability to withstand the kind of damages that a bloated government does. Now, remember, the government will always continue growing. To him, that is an economy. He looks at a government as its own separate economy. And profit is seen as debt and then in the government, debt is actual profit because it means youve expanded. The economy actually shrank by 3 . That means the government actually grew by comparison. That is a victory in his mind. All right. Well, that was an interesting take on it. Bobby . Well, this is labor day. Listen, all this is we have a high Corporate Tax rate. Thats right. We also have the most number of deductions available to corporations. They pay lower taxes than an awful lot of European Countries do. And under obama, i have not seen Corporate Taxes go up all that much. I dont know what everybodys talking about. Now, individuals have gone up some. Not much. I mean, erics went up. Mine went up. Probably the three of us here went up a little says bit. Nd the ly. And you know, heres the other thing from a political standpoint. Fact check here a little bit. We have the highest Corporate Tax rate in the free world. But we have the highest number of deductions. But we have the highest Corporate Tax rate in the world. How would you explain pfizer, burger king, jumping ship going to other countries . Because a lot of these thirdworld countries have become prosperous like brazil and india. And these guys will sell their country out in a second with their cheap labor. Its not cheap labor. Theyre not sending managers over there to get cheap managerial labor. Yes, they are. Its called an inversion. Its a tax inversion. Theyre going over there to the other thing about why this is not going to be a big political issue is compared to where people thought they were five or six years ago, things are better. And so its not but where are you getting that from . Because thats in direct contradictions to the polling. No, no, its not. What did you say the number of people said they were worse off five years ago . What was it, 76 . Bobs getting at actually a fact. Sometimes very shocking, but you are getting to a fact. The offspring are actually better off, but it has nothing to do with how much money theyre making. It has to do with life span and luxury. A poor kid today has more gadgets and electronics than the king of england at the turn of the 20th century. We lead better lives thanks to progress in medicine, we have amazing hygiene, ulcers are gone, aids is a manageable disease. Some cancers, if theyre caught early. We actually live in the greatest time to be alive on this planet. But that has nothing to do with the money that were making. It has to do with the innovation of the American People and their ability to create things. Whats missing, however, what were losing in all this, family tradition, patients, the community is dying. Were watching that. The strike that were seeing in our country has to do with the decline in community. Thats the most important point because by the way, every industrial country in the world is exporting jobs out to cheap labor markets. Come on. Bob, why cant we want to do more and to make it better . Hes president still 2016. Whats he going to do to encourage citizens to stay here in this country and stimulate the economy . If you know you can get cheaper labor by going over to youre going to go. Obamacare has any business thats above a certain number of employees that has to cover these employees, many of these businesses have cut their workers down to parttime status, okay . A lot of these businesses like eric mentions pfizer. One of the First Companies to the table to push for obamacare. Then goes and pulls a huge hypocritical move and tries to move over to the uk to hide his taxes. I know you know a lot about obamacare. The one issue thats going to be out there in november. Thats because of every ensuing scandal has piled up. 1 of the vote will be on obamacare. You touched on november and the midterm elections, everything coming up. How is this going to impact. Will the economy play a big role in the november elections . Lets take it around. It will not because everything else, expectations matters in politics. And expectations about the economy are better than they were before. I think the democrats will so i think, yeah, you know what really is weighing on the American People . 4 a gallon gasoline. I dont care what you say. You go to Middle America and you pull into a gas station, its 4 bucks a gallon. No matter how much money you make on the east coast or west coast, the only time its ever been 4 a gallon, in spite president bush opened up offshore drilling. Andrea, what issues do you think are going to be big play right now for the democrats coming up if theyre going to be able to try and hold at least half, what are we going to see . I think bob makes a very good point about republicans and getting their act together on messaging. The Unemployment Rate was so much lower under president george bush and democrats were screaming from the rooftops. It is all relative. People are saying the economy was falling apart in 2008. And now its better than it was before. However, you mentioned managing expectations, bob. President obama said he would fix all of this, and he promised the millennials a lot. Even though they have all these gadgets and great toys and this Wonderful Technology innovation, they dont have jobs. And theyre strapped with amazing astronomical college debt. I couldnt agree with you more. Businesses are petrified to move forward because they dont know whats going to happen. The one thing they do have certainty on is possibly gridlock for the next two years. I really do think obamacare will be a lot bigger than you think. My sister said as she delivers news on health care, look, you can keep your plan. Obama said you can keep your plan, but it will go up 100 . People are feeling not good about this economy. Two, the right wing of the republican the Tea Party People that everybody said was such a great infusion has cost the Republican Party dearly. They should have won the senate the last two times around. They should have. They put these witches and wackos. There were three of them, unlike the 20 or 30 in your party. The Republican Party is not defined by the extremists the way your party is. Yes, it is. Your party may have, by exception, a few moderates. But your party has veered so left, we now have a democratic candidate whos running as a conservative by comparison. Hillary is a conservative compared. Youre exactly right. They have suffered from being liberals. But if you look at the polling, these are facts that the American People have a very negative view of the tea party and they worry about the Republican Party which they used to think was a reasonable party. They thought the democrats were reasonable for some time. I think that they feel critical of everybody in government. From the tea party and one end to occupy wall street and the other. About the midterms, people who are worried about the country and care will vote. The people who dont care will not vote. Thats the power of dependency. You dont have to vote. If youre already getting what you need, you dont have to vote. Thats the beauty of being a liberal. I think that visual, bob, of the president golfing and being detached and the democrats piling on to him for not being as engaged, i do think when you pile that on to all of the scandals, the irs, when you pile that on to the v. A. Scandal, when you look at whats happening with the world burning and obama teeing off literally playing golf and going to bachelor parties, i think its really a bad situation for democrats right now. Theres no doubt about that, but its not nearly as bad as it could have been. The republicans should win this thing in a romp. Right. And youre saying the number one issue, the people should vote with their bopocketbooks, right . Do i have gas to put in my car and cash to pay my bills. Greg, youre right. You dont have to vote when youre getting stuff, but they do need to vote to continue to get this stuff and therein lies the problem. Once you hit 51 or 52 , forget it, youll never see another republican in office again. Thats why if youre a republican youre sick of it and youve got to get out and vote and make sure you dont hit that tipping point. Well, that was a very interesting block. I like it. Upbeat. Exactly. Next on the five more upbeat than the first one. Its that time of year again, backtoschool time. College freshmen are beginning their first year on campus, and weve got advice for them on how to survive their first year and beyond coming up. Were sending bob back to school. What did you do today i did nothing what did you do at school i didnt go why didnt you go to school i dont know its cool a website made a list of rookie mistakes that freshmen make in their first week this college. Most of it was stupid stuff like locking yourself out of your dorm room. The real mistakes, not forcing students to learn these four things. Number one, where stuff comes from or how things are made. Number two, how stuff gets paid for like your tuition, ipad and prescription medication. Why most of the world is still a mess as america prospers for now. If you teach these three things, then every antiwestern professor on campus looks like a moron, which is why they avoid such truths. And you must learn it on your own. The fourth thing one must learn and its important, do not mistake sheep for rebels. Youll be swamped by people who acclaim that their outspoken and edgy. They will try to impress their differences on you as a meth of expre method of expressing their fake uniqueness. They will wear victimhood as a badge of honor. When its just a substitute for identity. Its an alluring shtick and weaker minds and spines fall for it. Identity politics is the 7eleven of selfesteem, a quick stop who become whoever you are. But if its so easy, how could it be unique . How could it mean anything . Like all ideologies, it creates a dead mind. It stops thought, the kind that challenges their narrow view. So they go to college, and their mind atrophies. So heres my tiff when the lockstep comes lurking, masquerading as rebellion, tell them you got over that in kindergarten. All right. Andrea, do you have any tips for college incoming freshmen, things that they should know about . I do. Id like to hear them. In alphabetical order, please. Lets see. A, taking too much advantage of your meal plan. The freshmen 15 is real, everybody. Girls, its very, very real, so be very, very careful. Should they care if theyre gaining weight . Yes. They should . Yes, you should. Believe me, you should. Did you gain 15 pounds . I gained a couple pounds. I did. Getting sloppy at house parties. Thats another one. First impressions are everything. You will get a reputation if you do something really stupid. At a fraternity party. Well, most people would agree with me, bob. You went at a different time, bob. Thank god. Choosing to Stay Together with your high school sweetheart. Im telling you, you spend so much time on the phone having these long conversations. I miss you, miss you, too. Forget it. Its not going to last. Hell probably cheat on you. Youll cheat on him. Just go out and have fun with your girlfriends. Did you ever have one in high school . No. Im, like, just break up with him and go have some fun. That is so sad. All of us have either been on one side or the other of that relationship. Somebody goes away and then they call and then you do the same thing and then everything happens. And you spend your freshmen year sobbing. I ended up three years in jail for that one. Eric, anything that you a tip that you would give to a young live on campus. I like that. Just at least your first year. If you want to move off after your first year, then do it. Senior year. Absolutely. Eventually. At least one or two years. I happened to live in the Fraternity House for four years, loved it. You almost did. But get to know the campus, get to know the people. Its a great experience. Also, i would stay single for a while. And ang, i agree with you that keeping that person, that significant other from high school is a bad dump them today. Dump them today. Pick up the phone. There are children watching this show going, these people are evil. No, were right. We know. I said children because im very old. Bob, do you miss college and its perceived lack of responsibility . Oh, absolutely. Listen, heres one of the things. I want to youve got an opportunity now, maybe three or four days of college so far, because gregs right, every college is a communist, socialist, disgraceful, antiwestern, anticapitalist place. Get out. Go to trade school. Thats what you need to do. Right. The fact of the matter is, there are some schools like that, not all. I think college is the best four years of my life. And i went through the antiwar movement. It was pretty ugly. We had some kids killed at kent state, jackson state. But it was still a wonderful time. I had well, you could do whatever you want. And drugs were you dont want to use drugs now because theyre much more complicated now. When i was there, they were straightforward. But the other thing is this is not good advice. Exactly right. And dont fall for this love of the first one you see. I was out taking my daughter to boulder. Everywhere, everywhere, man. Just dont pick right now. Theyll be around. Take your time. You truly are the buddha of advice. Okay. Kimberly. Heres the advice. Dont break up with anybody. Keep them all. Breaking up makes people sad. You dont enroll in just one class in college, do you . Good point. You take several. Go home and see your boyfriend when you go back home. See your parents. See everybody. Have your boyfriend in college. Its all going to work out. You kept one in college and one at home . Im just saying. What happens when your boyfriend at home calls kimberly, little kimberly, turn your iphone on. I want to facetime you. Now show me whats going on in your room. Hi, sweetie, im in the bathroom. Call you in 15 minutes. Who is that under that blanket over there . Thats interesting. A suggestion, if youre in college, youve got to somehow create a phonefree zone. So your stupid behavior doesnt follow you the r