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Detailed text transcripts for TV channel - MSNBC - 20110917:12:18:00

Secretary during hoover had this famous quote about the recession basically saying, bring it on. he said, liquidate labor, liquidate farms. he said the industrious he said the industrious will pick up the wreckages from the slothful, essentially. there s a sort of purifying yeah, there s a sense and i think this is insinuating itself into our politics. the sense this sort of purifying virtue of it all. that s why you aren t seeing the same kind of immediacy. if you look at that boehner jobs speech, it was not like he s super, like, focused on getting stuff going now in terms of short-term job growth. you can have both, though, right? we don t talk about the depression of 1921 because it ended instantly bays we had that market-clearing exercise where the rich bought everything up. the fact is market-clearing. yeah. if my income can t support a $750,000 home and i m telling you, it can t, but and more rich i thought you were set occupy your side of the aisle? no, no ....

Liquidate Labor , Liquidate Farms , Jobs Speech , Purifying Virtue , Job Growth , Market Clearing Exercise , Market Clearing ,