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Came from. >> america's greatest asset was that for the first time success was not based on who you were. >> it is a powerful counterspin to the reality that the republican party is nominating tonight a second generation presidential candidate. a fabulous wealthy fortunate son. we will hear the republican case tonight for how mr. romney made his fortune at bain capital. we will not hear that he and his proposed vice president are proposing an economic plan that would likely produce the largest redistribution of income from the bottom to the top in modern u.s. history. according to the center o...

Romney's wealth and romney's almost unprecedented wealth as a candidate and how much there has been talk about poverty and social mobility at this convention, is that -- are they protesting too much and thereby drawing attention to mr. romney's wealth or is this something that's working? >> no, i think they know the romney picture is there already. it's indelible. it's this gigantic mountain of wealth. the more ways you find to try to describe it the bigger it seems. i like your combining all the lifetime wealth of the other presidents. it's a fascinating way to think about it. they know that'...

Say they may begin using the democratic party in his phrase, the way the irish used it to pull themselves up by their own boot straps. as a republican, he does not see a place for blacks in his party. >> that last sentence is pretty intense. joan, you basically had just written a book about this moment in american politics and what is your understanding of how this transformation happened? >> well, it's really interesting because the other part of what kevin philips winds up saying, although he says the cities don't matter in that interview -- >> the big decaying cities. >> he's from the bronx...

Few moments ago is the essence of someone and by pulling yourself up by your boot straps makes you a stronger and better person. that isn't to say -- let me clear about this that isn't to say welfare and certain social programs are not needed, because they are. but inherently, i can't tell you how much when the government comes knocking on the door, i'm inherently distrustful. >> and that distrust for african-americans has a lot of good history behind it. particularly at the local level. this is the fight i was having with how vice president ryan was introducing republicanism in the reading of...

it was eight days, nine days ago we were discussing paul ryan, the article in "the new yorker" called fuss budget. did you know then he was actually on the fast track to be a pick for the vp? >> no, we barely talked about it in my interview. the reason i wrote the piece, i wanted to think about what is romney going so do if he wins. if you want to understand what republicans will do if they gain the white house, paul ryan is the guy to understand. it was his policy agenda that you knew romney was going in the direction. i didn't think he would take paul ryan himself. >> you could hav...