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Failure Wayne Allyn -- ran for vice president last year.
On the libertarian think he joins us now on -- it was a very good article this morning by -- victor Davis Hanson and he was talking about the fact that America really has made failure obsolete it is that an accurate assessment.
Absolutely you know you may not know you know the -- you know me as a vice presidential candidate for the libertarian party what you made on -- I've written seven books -- my first one.
It was called the joy of failure so isn't -- the interstate apropos topic.
And the toward of the book what about what I would -- to the I was in my late twenties early thirties.
I was talking about the fact that I extend my higher early twenties feeling I open about twelve businesses failed in all twelve of them eventually wound up becoming a self made billionaire because of a lesson I learned.
For those failures as bad as I went out its studied millionaires.
And billionaires that's successful CEOs.
What I felt was all of them had this big thing in common we've all been failures -- gathered again but all the tickets one big hit and less.
From all those failures to make yourself a success the business world.
And that's what we're doing here is we're stopping.
Companies from failing and I think it's crazy I think it's wrong.
I think it makes absolutely no business sense whatsoever.
If GM Ford and Chrysler are feeling you'll let him go to bankruptcy you let them until they're expensive union contract.
I thought back trim the budget and come out of bankruptcy leader meter companies that are labeled either fight with Toyota or are -- car or get bored by them.
But he could not collarbone and give them more money it's just wasted money down the direct.
One thing this Martha MacCallum why do you think that that philosophy is not more prevalent.
I in the society and do you think that given economic crisis that are going through right now we're going to see a return of the understanding and the embracing and some aspects.
A failure in order to improve in order to learn lessons in order moved forward as a society.
Yeah well I was I -- fox has a lot the last more that I could get it again that I think Obama's going to be disaster for the American economy.
And it's because Barack Obama and liberals like him.
We really believe strongly -- social left and providing safety and providing excuses for people and -- people can't make it in the real world and we all know.
The old biblical example of you know you give swordfish.
And they you know they squander it where they wind up the disaster situation the rest their lives needing someone to get a -- fish but if you teach them how to fish.
They can take care of itself that I know what felt like a cliche.
But it's been my philosophy of my entire life you know you want so they not know my background mark that you remember 2006 -- life death in New York which you have.
And I know Las Vegas oddsmakers made predictions when your show.
What little life could be more I don't tell your oriental success oriented than putting yourself on the life.
And original prediction Doug Fox News US if that's what you put the on the spot you can hear the biggest automaker make a prediction will Republicans lose congress.
That was three days before the 2006 elections.
I said they would lose the house and the Senate at utopia despite get used to cool the next Republican presidential candidate the united John McCain.
-- -- -- Yeah yeah yeah yeah I don't think it's healthy picture -- Yeah it's been it's not just business it's not about we're talking about failure in American you know the kids are no longer allowed if they helmet.
They they can't get cut from any football -- baseball teams and you and back a lot of teams teams -- and -- score anymore if you you know if you are about to lose your house is not your fault it's the mortgage lenders fault because he preyed upon you is is this is society wide way.
Olympia I put myself up as an expert on parenting but I will say that god got a good marriages seventeen years and four kids spread out of seventeen years.
For sixteen years old due to a brand new baby with a good wife.
And ended up my sixteen year old -- just left this morning and the biggest -- her life she's been home schooled her whole life that you've been taught by me and my wife.
He had not been -- she'd been allowed to fail she's been allowed to experience like he's been allowed to do all the things he wants to -- to walk a high wire act.
And the result that you left this morning all by herself for Germany and Austria to represent the United States of America in the fencing WorldCom's.
And so she's one of the -- -- the merits it's.
-- -- she's got perfect -- in inner -- school classes editor SATs she's got the highest grade in the nation's leading of the Harvard or Stanford.
That's what happens what it's and so it's okay to fail.
Yeah as a can't give you that.
But remember the name of the one grating to test so we I think yeah.
I gotta go into any.
It's been a little bit of turning back to my wife that we hire tutors retired schoolteachers.
Life since retired schoolteachers and New York State school system here in Las Vegas who retired your Independence Day and told four hours a day to teach my kids head of the -- are given by real teachers would like this -- it's a little different than normal school like.
But it's what the -- that I willingly our inability to fail and believe me.
They we've got no right way obviously basically medical.
Thank you ran out --
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