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Discussion on Economic Responsibilities in Politics

Discussion on Economic Responsibilities in Politics

From The Breakfast Club

1h ago
economicspoliticsDemocratic Partysocialismcapitalism
Transcript
Call mandate. Democrats are going to have to resist the urge to feel that they've been given a mandate. Really, they won because somebody else lost. People lost confidence in the president's and the administration's plan. Economically, amongst other things, maybe, but certainly economically. And we live in a capitalist democracy once again. Read my book, Capitalism for All, if you want to understand how this system really works and how to make it work for you. And so now there's an opportunity for Democrats to step in and do something. But they need to be careful because, you know, there's an increasing group of socialists in the Democratic Party. I wouldn't talk to some socialists. When I was in a city recently, I won't name the name. They were about 20% of the city council. And we had a real debate in this retreat that I went to to try to give them advice. And I said very bluntly, even if you want to distribute money like a socialist, you first have to collect it like a capitalist. All this stuff is connected. We have to understand how this system actually works. You can't just give out candy and the babies. And here you get a house and you get a job and you get a contract. Somebody's got to pay for this stuff. And the numbers have to balance. By the way, Britain used to be the leader of the world, right? And they're now struggling to find a way to be a leader of their small island called the United Kingdom. And they got more payments going out than they have revenue coming in. And if your outflow exceeds your inflow, then your overhead will be your downfall. It didn't work for my daddy, who spent more than he made. It's not going to work for the UK England either. And I hope America never has to have this conversation. But you can't just keep spending like a drunken soldier and not paying your bill or finding a way to create revenue. You can't cut your way out of this problem, meaning just cut, cut, cut this program, that program. You're going to have to find. We're going to have to find a way. We cut the stupid stuff, sure, but Doge wasn't the answer. That's just, you know, in fact, they just upset everybody and dedignified people. You're going to have to find a way to. To put everybody to work. My book, Capitalism for All. Unleash untapped human potential and grow your way out of this challenge through sustained economic growth. Not just economic development, but economic empowerment of the individual, who are the primary engine of economic growth in the biggest economy in the world. As I mentioned earlier, 70% of the economy is consumer spending. Let's talk about a little history, a little longer, deeper history of ownership in America.
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