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Did Obama declare war on success?

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    Personal finance expert Dave Ramsey weighs in

  • Duration 3:10
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-- last night President Obama outlined a plan to bring jobs back to America.

Ask yourselves what you can do to bring jobs back to your country.

In your country will do everything we can't help you succeed.

But our next guest says when it comes to issues like jobs like mortgages we shouldn't wait around for the government join us out of -- -- -- It's financial expect an author of untrained leadership -- Ramsey good morning Dave what do you mean back.

Well I think what we watched the whole State of the Union Address last night -- -- just kind of made me sad.

Because I know the statistics the real world is is that the average millionaire in America today it takes -- seventeen point three years to become a millionaire.

They -- an average of seventy to eighty hours a week to do that for those seventeen point three years.

And the last night our president declared war on success.

In the name of this class warfare politics in this in the he has come out and vilified the people who work like that to be able to win.

And then in the midst of that says it that that somehow is going to create jobs.

Instead we work declaring war on the free enterprise system which is where jobs come from.

-- -- if you are one of the people Dave who works really hard in this country and you have attained a certain level in life.

You hear the president you think OK I know it's common.

Why bother.

-- -- working hard why bother creating jobs I'm just gonna get screwed.

Well it does all about it and it also just creates this sense of like somehow -- -- the bad guys out here that our own my own president.

Thinks that what I'm doing is a bad thing owning a company.

Employing 300 point two people and and and so then then they -- report this Buffett's law which is alive.

That that Buffett paid.

Moore -- paid less in taxes than his secretary that is not the truth is we paid a less tax rate than his secretary.

But he didn't pay less in taxes we have to stop lying about these subjects.

But -- I got to ask you put in layman's terms like you always do why is it beneficial to the economy.

Four 15% to be charged.

-- Mitt Romney's investment income or anybody else is why is it better to have that number smaller.

Well the bottom line is this the question is where is the money vast left -- -- best left in the hands of people.

Or in the hands of government.

We have a tired and a desperate president he started out with a lot of hope.

And a lot of vigor and he really wanted to apply his philosophies of life and economics to our economy.

We have three years of doing that now and keynesian economics is a proven.

Failure the fruit is out there we can look at this idea that the government takes from people and invest in the economy to move the needle.

Is a proven failure it might have worked years ago but the ratio of govern so the size of government to the size of our economy is so small.

That you can't move the needle you could take all the money from the rich and build bridges -- that and it won't move the needle it's not big enough.

-- fifteen trillion dollar debt and growing a Dave Ramsey great to see you on -- Wednesday we'll see again next week have a great day.

Thanks guys.

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