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Maybe coming up with theories and exploring it from different aping gels. this is -- angles. this is wrong how? >> when you start -- when the theories that are being spouted -- there are theories that are good to get out there. and then there are theories that are -- >> as long as the theory fits in the parameters of the controlled environment which the news is coming out of, that's okay. >> as long as the theory fits in the environment. jay anything outside of the official description, that's insane. >> for example fire can melt steel. >> andy, you know what, the thing is here are you an ambu...

And we have to admit it's one that speaks to our rights as individuals. and our healthy skepticism of too much government, that's in america's dna. and that theory fits well on a bumper sticker. but here is the problem, it doesn't work. >> the president in kansas, not texas, on tuesday, making a speech that was designed to evoke the memory of teddy roosevelt who also gave a speech there. jim, did you notice anything in particular about the changing tone of the president as remarks? the wall street journal sure did. >> he said the defining kwalt of our time is income inequality. and i've got to...

And we have to admit it's one that speaks to our rights as individuals. and our healthy skepticism of too much government, that's in america's dna. and that theory fits well on a bumper sticker. but here is the problem, it doesn't work. >> the president in kansas, not texas, on tuesday, making a speech that was designed to evoke the memory of teddy roosevelt who also gave a speech there. jim, did you notice anything in particular about the changing tone of the president as remarks? the wall street journal sure did. >> he said the defining kwalt of our time is income inequality. and i've got to...

Class families? how can you fight tooth and nail to protect high-end tax breaks for the wealthiest americans and yet barely lift a finger to prevent taxes going up for 160 million americans who really need the help? the market will take care of everything, they tell us. if we just cut more regulations and cut more taxes, especially for the wealthy, our economy will grow stronger. sure, they say, there will be winners and losers, but if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. it's a simple theory. and we have to admit, it's one that s...

And that theory fits well on a bumper sticker. but here is the problem. it doesn't work. it has never worked. [applause] it didn't work when it was tried in the decade before the great depression. it's not what led to the incredible post-war booments of the 50s and 60s. and it didn't work when we tried it during the last decade. [applause] understand it's not as if we haven't tried this theory. remember in those years in 2001