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Next time you're in college and talking to these other students that love socialism, next time we have a big test, we're going to average out the scores and everybody gets the same score on the test. see how hard everyone tries next week. we'll just -- it will slow down the work to where everybody gets an f in the class. there's no point -- socialism, there's no point in working hard. it doesn't matter. >> and also when kids talk about socialism, they haven't studied it so they don't understand. you make this point a lot, kennedy. step 1 is a government takeover of the means of production. it ...

Sudden they're realizing that government doesn't create wealth, it has to come from someone, and they didn't realize it, but they're supposed to be one of the suppliers. >> liberalism is suddenly expensive again. now people are discovering it costs money. a lot -- maybe in other ways. >> i think not just the millenniums but all americans. when you look at polls are returning to the national distrust, the healthy distrust of government, that i think is really our tradition and has served us well. in a lot of ways, it could only get worse. you look at these initial reports that people are not si...

Bill: that was sarcasm. what is his responsibility as president. >> two things. we bailed out wall street and bailed out big corporation. they never had it better and not doing great. >> on his watch. >> hiring people and investing. president obama will make sure we now invest in things, manufacture things and make things because that is how the middle class got built. we need to do that in this country again so the middle class can earn a living to support a family on and buy things and do things and send their kids to school and be able to afford it. that will be the package deal. businesses...

Democrats worry about the distribution of the golden eggs. democrats seem to think spreading the wealth more equally will create more of it. after four years of weakness it might dawn on them it simply doesn't work that way. fairly uncomplicated, before you can spread the wealth you have to create it. the government does not create wealth it absorbs it. private sector creates. bill: we heard from both. mary catherine, where does it go? >> obama when he talks this offers indictment of his own policies. nobody on either side wants median household income to be going down. they have different vie...

Research found the first two years of the obama administration, mean net worth of households in the top 7%, upper 7% of wealth, rose about 28% while the mean net worth of households in the lower 93% dropped by 4%, which the president has been highlighting in the latest road speeches. also, associated press, gfk has a new survey showing four out of five americans, 80% will live near poverty, will experience at least joblessness, welfare reliance, near poverty in their lives. what about this? the state of the economy, where the president and congress stand? let's bring in the panel. joan a goldb...