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The latest money message from the president.
This growing inequality to equality of opportunity there's growing inequality.
Little more inequality inequality is both inevitable and just inequality will continue to increase.
During his major speech on the economy President Obama using the word inequality.
More than growth.
Is that any way to get America growing hello everyone I'm Charles -- -- for Neil Cavuto today yeah here's how -- analyst says he.
And that look at that -- Charles Gasparino look there's no shirt no tie that's because Charlotte new book circle of friends and stores all -- everywhere I go out by now gold chain digital readout later I thought Carl Edward though we're gonna start your case very -- we'll get a chance and they showed -- can't.
Well look my president knows inequality since he's been president.
Household median become is down about 5%.
The problem with his inequality is that he believes the fix six to get people wealthiest the take from the wealthy.
And give it to others and it just doesn't work you need to incentivize people.
To get to work work harder and -- -- -- putting down the successful in the wealthy how about putting on a pedestal insured people how they got there he just doing the opposite.
-- -- into me it feels like any condemnation really of capitalism and it in a certain way.
I mean people who work hard succeed if you don't necessarily work hard you fall behind in the person that worked hard doesn't owe you -- thing.
Well if you look into the stage I mean here's the -- the central message that the rich are to blame for businesses having your customers.
The rich are to blame for the housing bubble and -- -- bars.
And the -- the blame for basically undermining the fabric of this nation and to Gary case point.
This -- been his message about taking from the rich and re distributing it to the middle life in com.
He's had four and a half years the economy is actually growing slower.
Than average over that four and a half years and -- -- -- are falling when adjusted for inflation so are not work in.
Charlie can the government actually control that outcome.
The outcome of something new deal could be the quality of how -- how can anyone well he didn't do I get in the race if -- fast and we simply your best and -- I mean I should point out that I -- see the entire speech because I believe when -- so watch it you know I got -- little while.
This was among the most least -- economic speeches I've seen a long time George Bush gave this speech.
To be front page stories about what a moron he was locked out of -- added I think one then once that's my daughter was inflammatory.
I I'll take -- saint substantive a much -- it depends on what your goal without substantive I mean in terms of how to fix the economy -- -- -- -- -- it was it was on the it was not a serious speech.
But yeah -- the government can help they can hurt and it gets to Gary's point at which I'll put even a finer point on.
Under this present the rich have gotten richer the poor have gotten pour the on the that when it when -- what happened on the Ronald Reagan and George Bush front page stories in the New York Times where are the front page stories about the inequality gap with this president.
So so -- and the income inequality gap.
Could have made the president's -- I mean the president suggesting it's every once ball but hits he took this major victory lap.
Before starting this speech but doesn't the buck stop in his dorm.
I don't think he's saying that it's everybody's fault but that -- and by the way he's not necessarily saying that it's anybody's fault you know not sitting president has a bully pulpit and you didn't let that the president stands up and says.
-- the president stands up and says here's what I care about do you care about the same things as I do.
Or do you not having the answer with everybody on the panel is no I don't care about the same things I don't care about inequality and the president is saying.
That's a major concern of his and of the American people and I think that's an appropriate right -- but whatever it all it is safe to improve the economy and what did he say.
What was this something that just.
I'm not gonna disagree because since when do we judge president by the so we call regular and ultimately catch them when they're not then you know would he.
What did he say substantively in a major.
In a major -- economy.
I mean nothing to -- questions actually this -- and -- you know.
Look the question and we have Charles likes to frame things as well this isn't capitalism and Charles.
What I'd like you to think about as you know if you -- -- use -- an inflammatory language we've -- a socialist state in this country for decades since Franklin Roosevelt we all know that.
The question is how to make the government work best -- not how did -- -- not at all and I.
Let's -- -- other -- -- -- Perry get your government.
The idea to get government out of the way you let the economy flourish without hold -- there encumbered says.
I have -- for -- present he's out there talking inequality and people would -- a wealthy.
The bottom line is he raced patent does that doesn't affect the wealthy get it prevents other people from becoming -- -- let's take waves mandates regulations it attempts down the economy prevents the middle class.
From moving -- up so everything he's done has stopped.
Thinking and what's really scary about this and when Adam won't address a need.
Eight to let let -- be a socialist.
But give us the socialist solutions where.
That was that was nothing but -- please go with the that was I would wait -- -- can I do think the president was trying to give us a socialist grew I think he was trying to say to the masses.
Let's rise up against this inequality what I've been -- this rise up against inequality which is morally wrong that's his word.
And to me it was like.
We've got to have some sort of a revolution in this country to officially got him to officially become socialist.
-- the Libyan government it would have to be a government revelation but I think that it's a way of him saying I wanna do more of what we've been doing in the last four and a half years even though it's not working and -- -- raising taxes.
On the highest the highest I think America -- and creating mandates and regulations they get -- get in the right and more attacks of nine in the same job creation -- I agree with you know I don't think we'll let you set.
That you talk about can -- inequality nobody wants there to be.
That did that have them more cuts and I have not be happy that we just I didn't want we -- hold -- -- -- -- way -- answer is how do you fix that.
And he didn't come mommy with a viable way there was even socialist to the media.
What's scary about -- a liberal media will not hold him accountable for being not not substantive on the economy.
If you want to provide if he wants like more infrastructure spending say give us a lot.
We've been I don't know his -- very good right now it's time here's the thing you read a statement about no one of the panel caring about income inequality.
Those have been kind of bombs that the president throws out there and I'm surprised that you will follow up that's he has an eerie thing I've got to tell you right now.
I don't think it was an economic speech.
I don't think many of the -- -- -- really purely economic I think it was an ideology -- ideological speech but he's trying his third that's why does -- -- colleges that's why does -- with young people.
I think he's trying to -- up a hornet's nest here.
And by the way the irony of it all is that wherever you have liberals and -- that's we have the greatest amount of income inequality.
I don't I don't mind the I don't mind the hornet's nest at all what I I am not saying that you for example -- don't care about income inequality I'm saying.
What we choose to emphasize is is important you'd rather emphasize growth I understand I understand there are political -- -- -- illusion.
You think growth will be the solution to everything -- hasn't worked so well for a lot of Americans including people watching this program.
Not just for four and a half years but for thirty or forty years I mean that this is these is what did Tommy general -- what do you -- to talk to your.
Snow no easy harmless talk -- regurgitate Gareth gates -- -- essentially saying that capitalism is spelled.
I don't think it happened I think is that you and I said I'm not bluegrass country in the world and are horrible no sun or by the the united presented to countries on the planet Gary case Cuba.
-- -- is doing really well right now look people that move from the middle class up.
More towards the wealthy it does not happen by accident.
And it does not happen by handouts it happens by hard work sweat -- -- tenacity persistence.
All the great qualities that have made people successful.
That's what the president -- And -- yeah I know.
That's -- a second -- the fact that if you're rich you're bad.
And -- and you that you make too much and you have to -- give it to somebody else that yeah I yeah I'm real I'm sorry that I'm bothered by the skyrocketing.
Number of people on welfare and disability in this country.
Because you know what when you're relying on the government to support yourself there is no sense of the gulf war there.
And I'm bothered by that but that's what's happening in the last -- have to -- worse.
I think this is a guy that does have a clue about the economy and -- when he gives economic speeches.
He's he's incredibly superficial because he really doesn't know enough variety -- -- some broad plans about how to redistribute stuff but he really doesn't want any.
I -- growing under his watch though.
The horses I have what I want percent.
I don't know out of my world it's running an average of little more than 2% on the numbers make it -- less than that aren't you aren't you.
Let's -- I don't know I think we don't have a lot of time left in -- segment I'm gonna get the last word that a but I do wanna say how -- the president never applauds the greatness of America.
The greatness of the -- upward mobility in how wonderful we are because the things that he talks about when I close my eyes.
I think it's 1920 hurry up just yet this real quick if you can.
I don't agree that he does it and I certainly do applaud Americans -- -- to their guys.
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