Fox News
Expand
Browse All Video
Watch Live

You're watching...

Brit Hume's Commentary: Referendum on capitalism?

Details

  • Description

    Analysis of attacks on Romney's business record

  • Duration 2:32
  • Date

Clips

Also in this playlist...

Latest News

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Let's get some thoughts tonight on the philosophical twists and turns on the road to November here's senior political analyst for him getting Brit I'm Bret.

The Obama campaign's determination to press its attack on Mitt Romney's record at Bain Capital.

Raises the prospect that this election will in part be a referendum on capitalism itself.

The president and his team will say there is nothing wrong with capitalism more private equity investing which is -- Romney got rich.

But the repeated snide references to Romney's wealth and the charge that he was a profiteering job killer.

Suggest they don't really mean that in fact the capitalist system is always had a political vulnerability.

For all the wealth and jobs it is created capitalism distributes its benefits unevenly.

Democrats won't say they don't like capitalism.

But they like it better when it is heavily taxed and regulated the better to keep it from exploiting workers.

And the spoiling the earth that's why the top 10% pay 70% of the taxes income taxes in this country.

And while we have a large entitlement state in part to -- distribute the wealth that's also why we have a growing regulatory apparatus.

All this could kind of co exist and we had a booming economy that -- -- -- of tax proceeds to pay for everything.

But now we don't job growth is stalled and -- is exploding.

The Obama side says un bridled capitalism is at fault and more taxes regulation we distribute -- distribution and spending other remedy.

The Romney side says just the opposite.

Which side of voters take will decide not just the election this year for the foreseeable future of this country -- For what's your take on this New York Times story this massive story about -- Obama's kill list going after terrorists.

And this obviously an election year.

Well his personal involvement in the targeting of of particular terrorists is a little unusual.

-- tired and like that was when Lyndon Johnson was picking the target during the Vietnam War that didn't turn out very well perhaps this will go better.

I don't see a political problem was his being involved in the decision to kill these people.

Rather than try to capture and interrogate him in terms of -- of the politics.

But there may be a long term for a problem in this way I don't see a big moral problem that the public pool will rule.

-- be concerned about.

But there's something lost when you almost never capture anybody and interrogate them.

And that is to say.

-- -- you lose a possible intelligence value of these people may have.

And that is something that people make me turn and talk about this of the panel Brit thank you attorney.

Load More