CNBC’s Maria Bartiromo lived up to her “Money Honey” nickname yesterday by standing up to her union goon guest and defending the American dream.
She had two guests on her CNBC show on Thursday – Steve Malanga, a senior fellow with the Manhattan Institute, and Jonathan Tasini, executive director of the Labor Research Association.
Here’s how the conversation went:
BARTIROMO: So, you want us to go the European way?
TASINI: For example, there was just a great piece in the New York Times about Norway, and explaining how it has actually expanded its coverage and protection of people. I would argue that people in Norway probably live a better standard of living than most people in this, than many people in this country.
BARTIROMO: Well, the economies of Europe have been in the dumps for, for years, even before this economic slowdown even started. You think that, you think the socialist measures have anything to do with that?
TASINI: Well, what I found interesting is both Steven and both you have ignored the two points that I’ve made which is that we have the greatest inequality that we’ve had in the last hundred years, and the most important point I tried to make was productivity. Productivity in the last 30 year is soaring. That means…
BARTIROMO: But what is redistribution of wealth going to do for productivity? What is, what is the idea of the American dream, of working hard and achieving something, and knowing that all, you know, half your wealth is going to someone who didn’t do that?
Why that’s just crazy talk, Maria. The Democrats don’t want to redistribute the wealth. They want to redistribute the poverty.
Source: CNBC via NewsBusters.org
