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tv   Hannity  FOX News  February 24, 2010 12:00am-1:00am EST

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time. the spin stops here. we are definitely looking out for you! ♪ ♪ >> i don't have enough money to need my family but i make too much to get food stamps. i don't make ten dollars an hour. if you divide it between the taxpayers of the country we would stimulate the economy because we would payoff bills, payoff tax debts, create jobs and buy stuff that we need. that's how you stimulate the economy. >> there's no way you can look at this bill and not be motivated to write your congressman. >> a lot is at stake. now the burden is gonna be on us. >> we are having an electronic run on the banks. they decided to close the operation, close down the money accounts, if they had not done that their estimation was by 2:00 that afternoon,
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5 1/2 trillion dollars would have been drawn out of the money market system of the united states. would have collapsed the entire economy of the united states. and within 24 hours, the world economy would have collapsed. it would have been the end of our economic system and our political system, as we know it. >> my baby grand daughter is gonna pay for. >> it was sobering reality. >> it impacted me deeply. >> if you are an american and you care about this country, you need to see this fill . >> a lot of people call it the abyss. we were beyond the abyss. you have to understand in the history of the financial world we never had 786 billion dollars be withdrawn from "safe money market accounts." this was about the banks this was about the withdrawal of maybe two trillion dollars and like the world's biggest margin call that's why when they made the point we got to act and do things quickly, we
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did. >> it was a sense of urgency i didn't know was there until this film. >> this has been in the making for 20, 30, 40 years. >> shocking, disturbing, frightening, but necessary. i think everyone needs to see this film. >> we borrowed 55 trillion. >> you know what a trillion dollars is? one of these turned on its side, piled dollar upon dollar, until you get to a pillar 67 miles high that's one trillion dollars. >> he got it immediately. when he called these guys together and said boys we a problem, we're not any geniuses in economics, we're representatives of the people. >> sean: welcome to a hannity special. generation zero the new documentary part of which you saw examines not only the
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current economic crisis our nation is in but how we got here. the movie refutes the popular notion that massive deregulation caused the economic down turn and that as liberals say capitalism failed. so what happened? this ground breaking film reveals a frightening lyons between the democratic party and big business. it also turns to history for answers. finding many within the baby boomer generation. for the hour we'll examine all of this. we are joined by the writer, director and producer of generation zero steve bannon and the executive producer, dave bossi. welcome. you showed it at tea party convention, cpac, massive hit. did you expect this kind of reaction? >> i got to be honest, no. i'm shocked and obviously pleased. >> two different audiences. the tea party audience slightly older. cpac audience very young it hit the way we wanted it to.
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the first time we've seen the facts put together. >> sean: let's go to one broad overview we'll show highlights throughout the hour this is important. the myth is, that capitalism failed. the myth is that the banks failed and the insurance companies failed. but there's something deeper to the story. >> certainly it is hubris and greed at the same time it is the cultural and social break down from the 60s that is is really taken that 30, 40 years that led up to september 18th, crisis. >> on september 18th, 2:00 in the afternoon the chairman of the fed reserve secretary of treasury went to the white house and capitol hill and told the leaders of our government that our economy was about to melt done the world economy was about to melt done and we would have complete social melt down. how did that happen? the kremlin, nazis, japanese could never do. we did it to ourselves and all the forces that came together
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over 40 years. >> sean: wasn't that their goal to get america from within? >> that's what happened. >> sean: i make the case, we are going to get into detail here. the idea that the government would tell, first of all they designed the car companies in the country. the government would tell banks and financial institutions that they've got to make risky loans that they know people are never gonna pay back. >> greatest generation the world war ii generation it would never dawn on them to take the type of risk these people did. the people who were the 60s hippies. the people at woodstock in the 60s who became the yuppies of the 80s the barons of the 2000's are the leaders around the country that helped cause this. it really is a remarkable thing. >> sean: that leads us into our next clip. describe what this is? >> the next clip is where we show the mothers that -- the mothers of the 50s. we show their lives.
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june cleaver, donna reed. the great depression, world war ii where they had nothing. their husbands, boyfriends, uncles, in the 1950s their objective was to have a nurturing environment so that would never happen again to their children. that's where it stars. >> sean: let's roll the tape. >> people misunderstand the 1950s. they think in terms of june cleaver and donna reed. as if everybody was discriminating against women, forcing them to stay at home. that isn't it at all. they grew up during the great depression. they were surrounded by death. they were surrounded by starvation. they were surrounded by bankrupt sees. homelessness. just to survive they to go to a soup kitchen. these same young women their brothers, uncle, fathers were
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tortured on the death march, slaughtered like fish in a barrel on the beaches of norman they were tremendously traumatized by that and the main kids would never have to go through anything like that again. these are mothers who had suffered their whole lives. they consider a home with a white picket fence to be the dream of a lifetime. they lavished enormous amount of love on their kids. they gave them anything they wanted. gave them all the attention they wanted. these kids grew up getting their own way. >> sean: i watch this and it reminded me of my parents. my father grew up poor. it was a big deal he signed up for world war ii. fought for four years in the pacific. it was a big deal for him to get a 50 x 100 lot, a cape cod house, four kids, three older
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sisters and one bathroom, not good. but this was the -- were they too indulgent because of their experiences? >> i think that is is right. that's what we explain in the film. we go through how that generationaé1%]z wanted to prott and really do the best they could for their kids pause they didn't want them -- they had seen what the great depression had been. they had seen world war ii and just the meat grinder that our boys signed up for. because of that cultural reality for them, they felt they wanted to protect them. >> as you see the arc of this story, this epic you have to see where we came from. where the boomer generation came from. look what was bequeath to us. a country at peace with a large industrial base, sound finances if you look at the start of the story from the 50s, there's no generation that could have ever started with more that was given of them by a country.
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>> sean: straight ahead. a look at how and why the democratic party has aligned itself with big bus. how those who survived the great depression produced spoil brats and how those brats helped bring about the collapse of the american financial system. >> it was all about me. i'm the most important person in the universe and i'm going to satisfy my desires.
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like prostate cancer. do not donate blood until 6 months after stopping avodart. tell your doctor if you have liver disease. rarely sexual side effects, swelling or tenderness... of the breasts can occur. avodart is for men only. women should not take or handle avodart... due to risk of a specific birth defect. today's the day to talk to your doctor... about your urinary symptoms and find out... if avodart is right for you. . >> sean: welcome back to a hannity special. generation zero. tonight we are examining how the financial crisis came about. the documentary asserts the financial crisis was a culture crisis. it suggests that by 2008 the ethos of personal responsibility had disappeared from american culture and that put the entire financial system at risk. >> you look at the graph of the dow jones industrial
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average. there's a sharp corner where the graph goes up that was the beginning of bum. why did that happen in 1985, 2005, why did it happen at all? >> the depression era generation was retiring. this generation that understood"8tln the dangers of financial risk. they had grown up in the economic deprivation of the great depression. the baby boomers only knew about prosperity. they took over wall street they had ambition, hunger for profit. they realized that up to this point the investment houses had been partnerships. >> all the banks that blew themselves+]-6ñ up, they were al publicly traded bear stearns, lehman brothers, merrill lynch. goldman sachs. they used to be partnerships now they became publicly traded. >> when you were a partner at
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a wall street firm. you were a partner. that meant joint and several liability. liability if one of your partners screws up badly and loses millions when you are sued they go after the partner's assets that includes not just stocks and bonds and bank accounts, but their houses and their cars and their boats and their rolexes. there is no shield. other than telling your wife that you know you've had an affair, i can't think of more of an uncomfortable situation than going to the partners saying i lost you 50, 100 million dollars which each will have to write a check out of the checking account you would be out of business nt= you took a stupidess insame -- insane risk with other people's money. >> the guys with the green visors looking at the numbers making sure we are not going to take much risk because i'm not going to lose my house
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everything was handled in a conservative brace is. when you look in the publicly traded company there is is no liability on the people who made the decision. you could wipe out the company you could send it to zero. these guys who paid themselves tens of millions, their houses, boats and cars are safe.dqeo=f their wealth is safe it falls on the shareholders and taxpayers. >> sean: back with me the writer, director and producer of the film steve bannon executive producer david bossi. i'm thinking of this, small business goes belly-up they go bankrupt and they lose a lot. what you are saying here is that these wall street firms are protected. these big companies are protected there's been a shift in the paradigm? >> certainly. one of the things steve brought forward in in movie well is what we saw here. in old way it was done, you had to have personal responsibility. but this new generation, it
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seemed like the concept of personal responsibility was left in the mud at woodstock kind of what we say. really they lost track of who they were and it was all about me, the me generation. >> the investment banks are incredibly important in the post-war era building the united states to industrial power. partnerships with men who fought in world war ii and put their country first and had tremendous fiduciary responsibility. we have two systems socialism for the very poor and socialism for the wealthy. capitalism for the middle class. >> sean: i never thought of it that way >> it is. and the bailouts, everything, the banking part of this melt down is important that's what people don't understand. it is a bail-out of the financial elites. it is socialism. >> sean: interesting you say this. interesting that the
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incestuous relationship which you go into in the film between the democratic party and big business. the of a lot of people if you ask, no that's the republican party, big business they are in their pockets, et cetera >> if you look, i think peter pointed that out eloquently. the democratic party has truly taken over that position of power on wall street. >> i don't want to get the republican party off the hook. it is a party of incumbents. that political class their pay masters is wall street. by the way, 80% of those have come to the democratic party. the democratic party has shifted to what we call the party of davos to represent big financial interests. >> sean: basically these companies offer big donations to political candidates of both parties, often times. and they get fringe benefits. part of the fringe benefits things go bad, they get bailed out?
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>> truly the party of incumbents. they want to support -- look the corporations'uzunget hit up for donations from the politicians and the politicians come back and say what can we do for you? >> sean: is it is the political system that is more corrupt? i believe capitalism works. capitalism is the answer they create the jobs. >> capitol hill is the problem not wall street. >> i think linked network between capitol hill and wall street. for example in the bailout we've had two trillion dollars of bail out to financial firms. bonus in 2006 was 70 billion dollars on transacts that went belly-up and had to be bailed out in 2008 in 2009, bonus pool is 70 billion dollars. you had taxpayer paying tacks to bail out firm no change in behavior, structure. >> sean: why should they? they got the government to help, there is no free market.
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>> croon any capitalism. >> sean: does our trade deficit matter? generation zero says it is putting us at risk. what is the solution how do we stop outsourcing our wealth. >> trade is critical to the mess that we are in. from after the civil war to the 1960s america was the world's -- we won buy-out producing the germans and the japanese. over the last 30, 40 years we've deindustrialized americans through trade agreements. ccccccccccc
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. >> sean: tonight we are talking about the new documentary, "generation zero." the film suggests our trade deficit played a large role
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bringing about the financial crisis if we don't fix that we are in for a rough ride. >> we lost 6 1/2 million jobs since december of 2007 and the onset of the recession. >> in the past, we would lose some jobs during recessions we would get some back during boons. we never had the kind of deindustrialization we've had over the last 10 years in american history. that's been because your politicians are looking out for bankers, hollywood producers and high-tech community. >> where is the concern about the more than 30 million americans who lost their jobs or who cannot find fulltime jobs to work? >> americans consume 5% more than they produce. essentially by importing and borrowing from the rest of the world. why we have the big credit budget. we now owe foreigners to pay for those goods seven trillion
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dollars. at its low point the stock market was worth 8 or 9 trillion dollars. >> people who have traditionally represented the american workers are congressmen, senators, well, they are more interested in representing vested interest, wall street, u.s. chamber of commerce, business round take. more than three billion dollars a year spent on lobbying, 435 congress, 100 senators and one president. >> unless we make s in america we will import more than we export to an enormous degree have to borrow from the rest of the world and go bankrupt. over and over again we have signed bad deals. first with japan. now with china. where they export so much more to us than they import. if china maintains an unvalued currency to keep products artificially cheap in the united states from 2004 to 2008 the trade deficit averaged over 700 billion
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dollars a year. we now owe the rest of the world seven trillion dollars enormous debt. the next time around, we'll owe foreigners enough money they could buy up all the stock of all the publicly traded companies in america. they could buy-out america. >> sean: we are back with the producers of the film, dave bossie and steve bannon. are you saying our government is bought and paid for the regulations we see coming out directly corresponding to the amount of money people are giving to these candidates? >> absolutely. i think that's why you got this tea party movement. the movement that the american working man knows that we live under the concert -- consent of the govern. i think they are fed up. >> sean: do you support tree trade protectionism? >> i'm a tree trader. >> it is much more complicated this is the hardest thing we have to deal with. when we talk about the deficit
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and debt. we have deindustrializeed this country. have we been gained by policies? the economies on fire in the worm, china, india, brazil and east asia all of our jobs are there. >> sean: if america puts protections in place -- china using the fact they own all our debt, percentage as a weapon. >> leverage. >> that is why people are shocked when they see this film. if you take the event horizon down the road everyday we are getting in deeper. >> reporter: o' sqqxo+ frightening thing i saw when i saw the chinese military went out and said wait a minute, we are going to stop buying american debt, dump their bonds because we are supporting taiwan. >> that's right as a foreign policy mechanism to force us into taking a different run on our economy.
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>> sean: i want to go back to this issue. i'll use the car company as an example. it breaks my heart, good people, you want to talk about an industrial area where we ought to be thriving. we created this. we owned this it was ours. here comes government and they regulate safety and emissions and they regulate gas mileaggáu and regulate, regulate. >> big labor, big government and -- >> sean: washington or detroit? >> this is by far the hardest part of this equation this is why the stimulus bill hasn't worked. there's not an industrial jobs base out there that you can have working men and women can have a job that can support a family. >> there's only so many ditches you can dig, roads and bridges you can build. there's a lot that need work.ald we need an industrial base. we used to build the automobiles and have the factories and the plants that used to provide for the world. and now we have totally placed
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that overseas. >> sean: i know a guy that runs a coal company in virginia he wrote me a note the other day. he's dealing with the regulatory side of the government all the time. he's a job creator. he's an energy producer. meanwhile, his capacity to do his business expand his business, compete on the open market, he's describeing a nearly impossible situation for america to compete. is government hostile to capitalism? hostile to that imbalance you are talking about? >> things that thrive silicon valley, hollywood and the financial services are politically well connected. they give huge campaign contributions and they have air cover by government. politically correct. the people that have not done that have suffered that's the industrial base. we are not going to get out on a service-based economy. people who think that have not thought it through. you need a manufacturing base that can support the working
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3 >> if we do not get back to that very core we're gonna bet in for a long, long road. no upside in the near future. >> sean: how our massive deficits are setting us up for catastrophe and how future generations will pay. >> this idea we are going to borrow nine trillion dollars and run deficits of a trillion for the next eight, nine, 10 years is slowly, slowly, being punctured, this idea. >> fast forward my friends we to the 12 trillion we've already borrowed, we are going to have revolution. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love.
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to get us out of the last financial crisis. could they be bringing about the next big one? >> we have as it stands right now a 12 trillion dollar national debt. over seven trillion in external debt or trade debt. almost two trillion dollar federal budget deficit in >> in 2009. the government is borrowing over 1.8 trillion dollars that comes to more than 150 billion dollars a machine. next year it will be 1.4 trillion. we are going to continue borrowing over 100 billion dollars a month over a trillion a year. >> it doesn't take a ph.d in economics to think that you can run one trillion, two trillion, five trillion, 10 trillion dollars of debt. >> these numbers are incomprehensible, they are so large. >> the fiscal crunch can be dated fairly precisely. it's the year 2011 that is the year the first baby boomer turns 65. and qualifies for medicare
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benefits. >> the iceberg under the surface the liabilities in the form of promises that we have made to people particularly younger people today, that we will be able to pay them their social security, their pensions and their health care, for the rest of their lives, strongly subsidized by government. when we haven't the slightest ability to sustain and underwrite that funding without massive boar reing. borrowing far beyond -- massive borrowing, far beyond what we can afford. >> it means we would need to have somewhere in a bank 100 trillion dollars right this minute earning interest. the problem with that is, the total nation at wealth of the united states the money that every single american has saved, add it up the value of every corporation the value of every security, every stock, every bond. if you add all of that together it only comes to just
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over 50 trillion dollars. so we have problems, twice the wealth of the entire united states to the elderly, that will have to be paid one way or another. >> sean: we continue with dave bossie and steve bannon. nothing gets me angrier than robbing the piggy banks of our children and grandchildren. how long can we sustain 1.56 trillion of debt a year? >> we remember in the 80s, we used to say the debt we are creating is gonna be foisted on our grandchildren and our great grand children. the debt today is now on us. it is not going away it's getting bigger. 100 billion dollars a month unsustainable. >> if you look at this massive liability with social security, medicaid and medicare, 100 trillion dollars that's not
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the worst entitlement program. the worst is a political class that think they have a credit card that just continue to run up these deficits. federal spending, the size of the deficit and the debt. >> that's what barack obama has done, i think is really become the poster child for the debt. that's what he's done in my opinion, to energize the tea party movement and the conservative movement within this country. and why there's tremendous candidates, why there's a kristi, scott brown, why there's these folks getting elected that normally wouldn't. >> sean: i agree. the people that i've talked to in the tee party movement that write me and call my radio program. they are concerned this is going to be the first time ever in the history of this country that we handle off the country to them in worse shape than we received it. people find that unconscionable. >> it really is. that's one of the things that this film, i think does so
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beautifully is crystalize that that we the living, there's this bridge between the folks who have gone before us, the dead and the unborn. and it is a bridge we have always -- the generations are always supposed to give this country, because we are the greatest nation. >> it is funny, the tea party they are mocked as being stupid, they really get it. >> sean: anybody that is not a liberal. >> you know what they get? this is a real crisis. not a manufactured crisis like global warming or the health care crisis. this is an existential crisis. >> sean: for all the anger. anger and frustration with republicans, you know, they their spending was getting out of control too. they were using money to keep their power. as bad as they were, nobody would have anticipated that in one year barack obama would nearly quadruple the deficit spending and raise it more in a second year.
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>> and quadruple the money supply. this is a big problem. this is a republican and democrat problem. the republicans under george bush spent out of control and it is one of the reasons they got kicked out of power. >> sean: 400 billion dollars to 1.3 trillion in one year. >> republican congress was spending, spending and it was horrible. and we became what we fought against in 1994. what we said we do and fix. and we paid the principle decision and newt gingrich for four years balanced the budget if people remembered, 1995 to 1999. >> the other thing is the scale of this and how quickly it is moving. the deficient president obama's 2010 budget is the size of federal spending under george bush in 2001, about 1.8 trillion dollars. the scale of this is getting out of control. even liberal economists are now starting to get concerned. >> sean: look at what is happening in some of these european countries.
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>> they are the canary in the mine shaft. >> sean: they are warning about what is to happen. a look at this 's forgotten man who government policy is punishing and how they will be harmed. it is not the folks making over $250,000. >> the forgotten man today is our children and grandchildren. because we're taking their money and we're leaving them with the debt. grandparents are robbing the grandchildren. we are loading the debt on their shoulders and telling ourselves the little bedtime story that it will be all okay. i'm at the doctor getting my shoulder looked at. as we're finishing up, i mention i'm going to the bathroom more often. he checks it out. good thing. turns out... my urinary symptoms -- such as going frequently, trouble going, flow starts and stops... and going often at night -- are due to bph, also called enlarged prostate. he says or time, avodart has been shown to shrink the prostate,
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>> sean: tonight we are taking a look at roots of the financial crisis through the documentary film "generation zero." the film points at the country's political leaders but also sending a stern message to each and every american. let's take a look. >> if we are going to embrace the path of freedom, we going to have to do some hard things and make hard decision . we have to tell some people no, they are not going to get bail outs. >> you either have the courage to make the hard decisions now or forced later on to live with the hard consequences. what we call maturity, being adult, having real judgment. >> there is a lack of quality in our leadership. in every aspect p in every role in every part of our
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public life. the real crisis in leadership begins in homes and households of this country. until the american people understand that they have to take responsibility for their own lives, that we can no longer depend on -- for efforts and energy dedicated to our interests we going to continue with one of the most threatening crises in our country's history. >> the problem that we face is one of national character right now. we have traditionally thought of the american way of life as one in which we enjoy a huge amount of thriving and prosperity, but furthermore, which engage in a system of free enterprise]=ób and prospery and opportunity that we pass on to our children that means that they're going to have at least as much opportunity as we ever had. what we are doing now in response to this crisis is contrary to that. our political class is telling us that what we need to do to
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save ourselves is to mortgage the future of our country and the future of our children. that's a change in our national character. and a change in our national culture. that's a very, very extreme thing to do. >> the forgotten man in the 1930s was the little guy who didn't happen to be in the program from the government who didn't happen to fall into one of the favored groups of the new deal. the little business struggling and waiting for government experiment and recession to end. the forgotten man today is our children and ground children. because, we're taking their money and leaving them with the debt. >> sean: we continue with dave bossie and steve bannon. i like what everybody said here. if you go to arthur brooks and he goes on about free enterprise, et cetera, we have to make hard decisions and tell people no, you are not getting any more of our money, pretty simple. >> if you can't afford the
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house, don't buy it. you have to be told no at some point. if you don't have a credit rating that can buy the car, you done buy the car. it's not nice. it is not politically correct, it doesn't feel good, but it's the right thing to do. >> when i grew up, when i started my adult life to dropout of college three times i couldn't afford to pay for. i was doing construction painting houses, laying tile and doing anything to get my next batch of money. i drove two and three hundred dollar cars. i pained my land lord's apartment. i never expected the rich to give me money. i expected to earn money. >> different time, different promised so much. one of the problems we have is that all the easy choices are in back of us. all the simple solutions are years ago. all we have in of us today if you play this out is hard choices. even worse, they are all going to be unpopular.
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party is saying. white horse to come in. >> sean: this is interesting. george bush made tough decisions. everybody supported him. then over time the demonization begins. when it comes time to cut medicare, deal with social security. when it comes time to deal with budget deficits and you is the country going to accept that? we are at a cross roads, right? >> i think the tea party movement is showing you that and the next couple of years -- >> sean: will they sustain it not the tea party movement. >> i don't though we'll have a choice. this is tough medicine. >> sean: nobody wants that >> nobody ever wants that but that's how we to this problem this irresponsible behavior by the politicians and by wall street. >> sean: this is the whole point to tie this together, different mentality of my parents and my grandparents
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which had nothing. >> they had the responsibility. they knew if they didn't earn the money they couldn't buy the car, the house. >> sean: where did we get to this point where whether you can afford a house or not -- >> narcissism, culture revolution of the 60s. we had this narcissistic behavior where the self became everything it becomes the me generation. >> sean: there's a political component. there are people that have always wanted and advanced the idea of socialism in america. if you want to use the marx line from each according to their aeurbt. >> capitalism you keep getting bailed out. the elites keep the upside and the american taxpayer pays we nationalize the risk and privatize the profits. that's why you have anger from the working man. it is not fair. our currency is not backed up
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by gold, silver, it is backed up by trust. what we're seeing now, i think for the first time in american history is the american people are starting to lose faith and confidence in their government. >> sean: two things have come up recently. america's aaa bone rating there's talk it is in danger -- bond rating. there's talk it is in danger. the dollar will not be the world standard. >> that's inconceivable to me this is an exceptional nation. we have some problems, we have some tough medicine ahead. but we're gonna get back on track. country. i have great faith in our people, in the working men and women of this country. >> sean: coming up, america's most difficult decisions may not be behind her. >> revolutionary war period up through creating our constitution, the civil war period and the great
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depression in world war ii. in those three peers, people had to decide what kind of country we were gonna be. where we were gonna go as a nation. i think we are entering a similar period. the choices over the next few years are among the most years are among the most profound we will have seen in host: could switching to geico really save you 15% or more on car insurance? host: is ed "too tall" jones too tall? host: could switching to geico 15% or more on car insurance? host: does a ten-pound bag of flour make a really big biscuit? the one time of year red lobster creates so many irresistible ways to treat yourself to lobster. like our new wood-grilled lobster and shrimp with parmesan scampi...
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>> sean: in nation has survived many trials from the great wars of the last century to september 11th, generation zero suggests some of our most daunting challenges may lie ahead. >> we, in my generation, bear an absolute responsibility for squandering that wealth. and for what we have done to future generations. my generation owes it to the moment in history in which we
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live and those succeeding generations to try to right what we have absolutely failed in over the course of the past 40 years. it is a great burr. unfortunately, we are not the ones who&h will carry that burden. the future generations of americans certainly will. >> thomas payne in the american revolution said these are the times that try men's souls. lincoln and fdr during the civil war and great depression had similar expressions about how we need to soldier on. we needed to continue to do the right thing. we needed to reach down within ourselves for resourcefulness, fortitude. and these are times that will be remembered by future generations. >> no one should understatement where we are today. we are either going to be a
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decentral america solves huge problems. more importantly, necessary for the evolution of civilization there has to be a period when we get rid of what is old. particularly what is old institutionally. we make the ground fresh again for the young. >> the question of what that new order will be, is up to us and to the younger generations and it always will be.
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>> sean: we are back with the producers of that fill, dave b3ñ ban. we were talking in the break about what it would reallyw#b take to get america's fiscal house in order. it will take dramatic changes. it would take a change in attitude, in the culture. you think it can happen? >> it has to happen. for us to continue as this great nation, it has to happen. i believe it will happen. it takes politicians with courage. it takes politicians with conviction. i believe that there are men and women out there that can did it. barack obama is simply trying to be all things to all people. i think he's trying to spend and his way out of this problem. >> sean: i was right about obama from the beginning, deaf -- rigidize log, a sense of tone deafness.
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will the american people accept the gravy train is over and the politicians have the political courage to say sorry no more? >> it time to find out that's one of the great things about think back [ talking over each other ] >> it is the voice of the working man and woman in this country the decent people who fight our wars who run ourselves vick organizes who are the backbone of this country. they have 1950s values, roll up their sleeves and decent folks. >> sean: not looking for hand-outs. >> the exact opposite. >> they want to say their peace and they want to be heard and respected. >> look how they are being vilified now. look back at the vietnam war the way nixon, ronald reagan vilified in the first part of his administration look how george bush was vilified and demonized. i think we are going to go through a period, there are no easy decisions no popular decisions. that's why the tea party movement is so= the back of a new generation
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of political leaders, hopefully some come from baby boomers. >> sean: i watched gingrich up close during the revolution his contract with america day george w. bush did was kept this country safe and he never wavered on the idea that we've got to be on the offense. which we weren't in the lead-up in the 90s. i don't know, these problems seem worse to me. has taken us back to bill clinton era policies. &$4= us back to carter on steroids. >> that's frightening. we can build, even though we have a calamity here and we built on the ashes before. after the great depression, after world war ii. we can do it again. this country can do it. we are the greatest country in the world and we can do it. >> but we have a timeframe.és$u i think the day of reckoning
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is coming. by china and t(nybiks gulf emirs and russia, that the day of accounting is coming. the further we go down this road without making these fundamental changes the smaller the playing field. the fewer our options. we've always had a delay had different alternatives, options. you will see that narrow down. that's why the next few years are critically important. ñ, contract work, reagan worked, inspired people, he changed the worm. economically, he made the world a safer place. those would be my two models. >> this film is a wake-up call. i think it will inspire people if they watch it. ronald reagan was my inspiration. >> sean: mine too. >> that's what we try to do here. >> sean: great film, i appreciated it. thanks for being with us. that is all the time we have left this evening. for more information on