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many pour people homes as possible. this is social engineering. that's what barney wanted. i'm assuming that this boyfriend wanted that as well. so they're on an idealistic jihad using two huge government agencies to do what they think is the right thing to do. it didn't work. the poor people couldn't pay their mortgages and whole thing collapsed. pick it up, tom. >> you know who joined them? >> william f. buckley george bush and a whole host of republicans promoting the notion of ownership society. that's how people become responsible. give them a piece of the rock. a stake of the american pie. they will become like us stand on their own two feet and have that drive and determination to move up the ladder. >> bill: i got it but it didn't work. >> a bipartisan abrace of a lousy policy which in hindsight we all agree, lousy policy. look, barney frank 5,000 miles apart. >> bill: barney frank got a high
disproportionately. the two other points, two our points, right on. the applause lines of that town hall. an interesting comment. i get that. there's so up pressure, such -- remember he made the comments during the campaign, said in this ownership society, you're on your own. so it became an applause line, a political frame. so i sense that we're back in the political frame on this ownership society. you're on your own. that notion of conservatism without the compassion. >> so -- not to say you're being critical of that comment, that took you back. a week ago with governor rick perry in texas. republican. and you had some interesting words. he said, you're sick and tired of governor perry coming to california taking jobs. >> yeah. >> and you said you want to do something. you want to get back to -- you say democrats aren't talking about -- >> you know, i think we should not -- >> the president didn't talk a lot about job creation. >> we cannot see jobs through the republican party. it's democratic party needs to be the pro-job party. if you're pro-job you can't be
tough. and we've got to strike a balance, frankly, there's some folks who are probably better off renting. >> susan, george bush in 2002 said we want everybody in america to own an own home. an ownership society is a compassionate society. what's going on? >> well, i mean, barack obama's comments today are just mind boggling. it is like telling the american public because food prices are going up, go on a diet and eat less. it doesn't work that way. the fact is he offered up a fairly good plan on reforming freddie and frannie and not a lot of difference between the democrats and republicans on this issue and he should be bringing real reform to an issue like this. >> jimmy? >> bill clinton, george bush both sat for 16 years and said to the american people that their number one thing should be to own a home. finally there's a president and that's happens to be barack
educated and heavily female the crowd was. it went away and it came back. and remember, part of the problem is that it's this smart population of recently college educated young people with no hope for a good job. so a high preponderance and percentage of english speakers, this is the kinetic energy of egypt and they are dealing with this new ownership society. we're watching it play out. they have become owners. so we'll see. >> security seems to be such a basic, common thread for each and every one of us, no matter where we are, our own personal security. just the simple things. >> yeah. and you're seeing president obama talked about -- added to that this notion of dignity and self, quoting dr. martin luther king jr. so if you -- if we can go forward with the secure egypt, they can feel secure in their persons and lives. they now -- we now know they
afford to live. >> that's a good principle but this says we are going to make sure that there is some subsidies. there are subsidies to make sure there are mixed up housing. government has an interest in stable community. >> not getting any money for that apartment. >> not getting any money. >> sean: hundred bucks when the real market value is 3,000? why should that -- have to pay the $2,200 so he can have the convenience of living where he wants. >> got to get the government out of this stuff. we have making homes affordable deals. a million of these people. two thirds of them after 60 days are in default anyway. so the governments have got to stay out of our business, especially the capitalism business. >> what we have and i remember president bush had this ownership society trying to encourage people to own homes because it develops more stable communities. we want that. >> sean: this is what got us into the financial. >> i agree. this was a republican goal. just say it's some liberal, crazy, conspiracy sean. >> sean: warning that freddie
afford to live. >> that's a good principle but this says we are going to make sure that there is some subsidies. there are subsidies to make sure there are mixed up housing. government has an interest in stable community. >> not getting any money for that apartment. >> not getting any money. >> sean: hundred bucks when the real market value is 3,000? why should that -- have to pay the $2,200 so he can have the convenience of living where he wants. >> got to get the government out of this stuff. we have making homes affordable deals. a million of these people. two thirds of them after 60 days are in default anyway. so the governments have got to stay out of our business, especially the capitalism business. >> what we have and i remember president bush had this ownership society trying to encourage people to own homes because it develops more stable communities. we want that. >> sean: this is what got us into the financial. >> i agree. this was a republican goal. just say it's some liberal, crazy, conspiracy sean. >> sean: warning that freddie
to a statement that is really basically saying we happen to have -- we have always had a progressive tax system in this country. we have had a system where the rich -- >> bill: far beyond the tax. went into the realm of private property. >> she talked about ownership. jack kempf talked about ownership society. jack kempf talked about the government helping to create enterprise zones. >> bill: no what kempf wantside he wanted individuals to own their own homes. >> yes, ownership. >> bill: so they could participate in capitalism. >> he wanted the government to produce that. >> bill: pelosi wants something far different. pelosi wants to attack the ownership quality system in capitalism so that she can take and give it to other people. >> there is no evidence of that. she is talking about the same kind of policies that jack kempf talked about. >> oh, alan. >> bill: you think she and kempf are talking about the same things. >> not only that. i also, believe, look. i want to reiterate. this i think it's so important. our tax system in this country ever since there has been an income tax the rich pay more. >> bill: which wasn't until the 20th century. >> that's the way it's always been. not talking about anything
to a statement that is really basically saying we happen to have -- we have always had a progressive tax system in this country. we have had a system where the rich -- >> bill: far beyond the tax. went into the realm of private property. >> she talked about ownership. jack kempf talked about ownership society. jack kempf talked about the government helping to create enterprise zones. >> bill: no what kempf wantside he wanted individuals to own their own homes. >> yes, ownership. >> bill: so they could participate in capitalism. >> he wanted the government to produce that. >> bill: pelosi wants something far different. pelosi wants to attack the ownership quality system in capitalism so that she can take and give it to other people. >> there is no evidence of that. she is talking about the same kind of policies that jack kempf talked about. >> oh, alan. >> bill: you think she and kempf are talking about the same things. >> not only that. i also, believe, look. i want to reiterate. this i think it's so important. our tax system in this country ever since there has been an income tax the rich pay more. >> bill: which wasn't until the 20th century. >> that's the way it's always been. not talking about anything
scott. >> scott admits his presumed election will be a bit of a novelty at first, but feels his stance on the issue will be what defines him. >> they're electing me to serve them. >> reporter: and thomas, some of those folks that scott ultimately will serve are members of the tea party. he actively solicited tea party support. he told me he's experienced no racism from the tea party and it was actually an endorsement by sarah palin that greatly helped him in his primary campaign in which he was able to defeat strom thurmon's son. he says he really wants to grow the republican party and target every district and every neighborhood in america with a message of economic empowerment through an ownership society as well as hard work all the time. >> we'll see you on november 2, if the people of south carolina send him to d.c.
that economic philosophy that they have been pedalling. you know that philosophy: cut taxes for millionaires and billionaires; you cut all the rules and regulations for special interests; and you cut working folks loose. you cut them loose to fend for themselves. you remember they called it the ownership society, but, what it really boils down to if you could not find a job, you could not afford college, you were born poor, your insurance company dropped you even though your kid was sick, and you were on your own. or you know what, that philosophy did not work out so well for middle class families all across america. it didn't work out well for our country. all it did was rack up record deficits and result in the worst economic crisis since the great