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-- says the American.
From becoming an American nightmare and our great country is in danger of becoming a Third World nation.
Please welcome syndicated columnist and the author of the brand new book Third World America Arianna Huffington -- today.
You talk about in the book the disappearing middle class that we are losing the middle class in America it's always been the strength of this country.
Why are we losing the middle class.
When using -- in the -- because for years now.
At we have -- allow expansion -- just -- public on these who have allowed.
Markets companies and credit -- companies.
Too high tricks and traps you know inside the contacts you know about unions have -- have -- been a part of this is what I think I have -- allow -- -- basically.
The -- of -- responsibly again also.
National response -- -- there is no question that many people bought into the idea that you can have a -- got to the American dream you know and knowledge down -- month.
No proof of -- -- got and that's not going to happen and as a new immigrant in this country united sacks in his -- out there.
I cannot I have always -- by the way.
You know my ex husband says as he had his -- and because I never listened -- As I use my husband.
-- -- -- you know I I -- the American dream and I remember you know growing up in Athens and walking to school every day passing by the stocks have -- on film.
You know who had given Europe the -- on black you know -- -- Another sign of a generous magnificent nation and when I'm here and now.
And I see friends of mine whose kids are graduating from college and that can't find a job.
He has people in their fight is in fifth isn't losing their jobs and not being able to find another one.
Couple had mobile native was at the -- of the American dream and now have dynamite -- you know government that hundred million people out.
Who are now less off than their parents glad to -- -- no way.
Two -- of this country believe that their kids are not going to do I -- -- as dad doing.
They think it we went from a content that made things to a Condo that made things up.
You know and CD all -- credit default swap.
Toxic -- -- -- you know law -- -- -- vezina and leave that taxpayers bailed them out you know that's when he and I agree.
We do and in fact one of the things I found very refreshing your book.
Draws upon many of the things that I've been saying for quite some time is that we are eroding.
There's this sense of the American dream where we're killing the idea that a person can reach for something you -- did I've lived it.
How much of this is because the government.
Has tried to interfere too much.
And manipulate the economy rather than to allow the marketplace.
To truly give people the opportunity to create and innovate.
Listen I believe that private enterprise capitalism is the best system in -- land I studied economics at -- -- it.
But that foundation has to be a moral foundation.
Confident now is not -- and -- and uprising Manning's defense.
You have for example on -- -- profit and greed driving business decisions that's not going to -- in the along them.
We saw I didn't even lack -- companies like -- Lehman Brothers and -- says that there land -- and so we need to but he covered -- -- foundation of competence but this -- government.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- To make sure that that that pays enough regulation not fly -- what happened to happen not to allow BP.
To do what it did that ended in their last environment and disaster and destroyed their livelihoods of so many people not to allow.
The mining industry for example -- -- allow -- want to go.
Down the minds without the proper safety regulations if people who would do without without government -- and -- -- -- -- But so often the drive -- -- and profit is making that can cost about.
We agree I believe on the big problem we we may not completely come to terms on.
How does government fix it I I totally agree -- on is it.
Government should play a role but when I watch.
The -- Barney Frank and Maxine Waters say oh there's no problem with Fannie Mae and Freddie Mac they're just fine they weren't fine they were killing the housing industry in this country.
That was government failing to regulate failing to do the one -- -- had which was to referee the game.
None is not punishment than five million Fred incidentally finance -- had -- Agencies regulating them so the problem that was not absence of regulation does suggest that there regulators -- not have been doing their job.
And by the right now.
-- -- -- I think needs in this -- to have an entire section I infrastructure thanks but you can't -- -- -- shots of this country without government programs.
And yet and a lot of that I love of the pipes without water comes from date back to -- -- law.
A lot of my infrastructure of dates back to FBI and -- new idea we saw what happened in -- -- up and finance.
You really want to be at the -- of exploding pipe.
That's really need and we -- -- infrastructure project.
They -- FBI data from the WPA.
To be able to make the -- you know that's my safety that's about -- -- being able to.
Gone to school and on bridges and I'm not going to collapse and with five -- I'm not going to explode.
-- quite right about the infrastructure we we have allowed it to deteriorate we're losing physical and fiscal capital and we're losing social capital.
Because of the clogged arteries of highways and airports and you know I I completely agree as long as as some of integrity we're gonna bring -- back a little later in the show and I really appreciate your perspective the book it's called Third World America.
I know you're gonna find it a fastening -- -- thanks area.
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