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Fox News special: 'No They Can't!'

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  • Description

    John Stossel tackles why the government fails but individuals succeed

  • Duration 2:48
  • Date

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This transcript is automatically generated

Greg thanks.

Well yes sweet candy is the motto of president Obama's 2008.

Electoral race the one that propelled him into the White House.

Now in a -- special our own John Stossel says living in a country of big government turns yes we can.

In to know they can't here's a clip from a special.

Politicians keep saying -- We have this -- yeah.

-- people believe.

When -- means government.

The fact is they came.

-- also written a book on -- no they can't why government fails but individuals succeed.

John Stossel is host of Stossel on the Fox Business Network and joins us now give us some examples John.

Well how about the TS hey we're all familiar with all -- and again it's into what is this.

Government can do things better and when we were all scared after September 11.

People said we've got to have government take this overtime Daschle said you can't professional lines.

If you don't federalized in the senate voted a hundred to zero to create the TSA.

So now they spend ten times what the previous screeners and are they better all you've heard the complaints but what moved me was.

Seeing the one big city where they allow them to still have private screeners to opt out of the TSA.

And they do better -- if you people who say.

She winds moving quickly in these screeners -- nice.

And the -- they tested the -- found they're more likely to find contraband.

They do it better because they have contests were that's greener can win 2000 dollars if he's better at finding things in re packing luggage well.

The private contract.

Private contractor knows he'll make more money this people do a good -- to be fired if they don't he tries hard court but government outlaws that.

And then again -- -- I examine what happened after the big financial crash in 2008.

We got Dodd-Frank as a result of that that was the bill that was gonna make sure it never happened again right.

Right and before that we had sarbanes Oxley which was supposed to make it never happen again these.

Endless rules giving the illusion of protection you think governments protecting you but the regulators -- -- the cheaters of the cheating stuff.

Still goes on.

And people still get ripped off will take you a Caribbean country tonight where the rules are simple ten pages to open -- hedge fund.

And there are no stands.

The Fox News special no they -- Why government fails but individuals succeeded runs tonight 10 PM eastern John Stossel brings -- -- Right here on Fox News Channel John thank -- my.

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