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CNNW Your Bottom Line July 14, 2012

best place to get rich. it s part of the american dream. potential republican vice president candidate marco rubio says wealth is on its way. we have never been a nation of haves and have nots. we are a nation of haves and soon to have, of people who have made it and people who will make it, and that s who we they d to remain. those soon to haves may beg to differ, according to the project, best way to make it to the top in america, be bornt the top. 40% in the top tier family wealth as children stayed there as adults. it s the same story for the poorest americans with little evidence to show they are moving on up in big numbers. i m joined by will cain, mark lamont hill, will, what is rich and why does it matter? i don t know. when we throw that turn around as though it s self-evident, what is rich. is $250,000 rich? is a family of four on $250,000? is that rich? a million, that sounds arbitrarily right, that is rich? i think in the end the definition of rich is ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120712:03:43:00

two things i notice. number one, when john kerry ran for president nobody cared it wasn t even an issue. jfk ran in 1960. very wealthy, kennedy family. you know, you look back there was none of this. i don t know why the folks are responding to this. but i think some people are and it must be class envy. the second thing is, of course, that what else is the president going to campaign on, miller? what else? he has got to mobilize the people not doing very well to go against the big fat cat romney. what else is he going to do? well, listen, i don t know what he can say about obama care that hasn t already been said and it looks like six out of ten americans are not into it. i think what says everything about obama care is two things, billy. the people who are most ardently supporting it are going to be exempted from it. and people smell something there. that stinks. everybody knows that stinks. the second thing is obama care will eventually yield another ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120712:08:43:00

two things i notice. number one, when john kerry ran for president nobody cared it wasn t even an issue. jfk ran in 1960. very wealthy, kennedy family. you know, you look back there was none of this. i don t know why the folks are responding to this. but i think some people are and it must be class envy. the second thing is, of course, that what else is the president going to campaign on, miller? what else? he has got to mobilize the people not doing very well to go against the big fat cat romney. what else is he going to do? well, listen, i don t know what he can say about obama care that hasn t already been said and it looks like six out of ten americans are not into it. i think what says everything about obama care is two things, billy. the people who are most ardently supporting it are going to be exempted from it. and people smell something there. that stinks. everybody knows that stinks. the second thing is obama care will eventually yield another ....

President Obama , Civil Rights Legislation Wasn T , Number One , Kennedy Family , Jfk Ran , John Kerry Ran , Mitt Romney , Dennis Miller , Class Envy , Campaign On , Big Fat Cat , Obama Care , African American , Hasn T ,

Detailed text transcripts for TV channel - FOXNEWS - 20120712:00:43:00

Very wealthy, kennedy family. you know, you look back there was none of this. i don t know why the folks are responding to this. but i think some people are and it must be class envy. the second thing is, of course, that what else is the president going to campaign on, miller? what else? he has got to mobilize the people not doing very well to go against the big fat cat romney. what else is he going to do? well, listen, i don t know what he can say about obama care that hasn t already been said and it looks like six out of ten americans are not into it. i think what says everything about obama care is two things, billy. the people who are most ardently supporting it are going to be exempted from it. and people smell something there. that stinks. everybody knows that stinks. the second thing is obama care will eventually yield another program called obama caid when they suck obama care too dry. that is what people know and i ....

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Detailed text transcripts for TV channel - MSNBC - 20120711:16:40:00

You know, the shock of the 2007 recession, the bush recession as the democrats call it, created in the body politic, it does create an opening to put that wedge in between middle class voters and wealthy people. the idea that you have people like the guy from facebook or denise rich leaving, exporting their money overseas to avoid taxes, and this notion that you have this sort of plutocracy that wants to avoid participating in the country s tax base and wants to hoard all of their money, i think that message is kind of working, at least in the rust belt and swing states and places where people are seeing their jobs outsourced. the idea that someone running for president isn t investing here and prefers to invest somewhere else, invest in foreign shores, i actually think it will resonate in certain parts of the country. it s not a matter of class envy. i think with a lot of people. except there are a different set of rules. you saw this with the occupy movement, the 1%, 2%, however fa ....

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