the american dream is to maine
they used to mean working hard keeping heroes cleaning get enough of a paycheck
c could raise your family me always says you know you know we went through this
couple days ago
it's worth repeating
be able to take a vacation every now and then afford equality retirement
if you want to be really successful klein the highs wrong is the american
ladder using coming up with an idea and starting a small business
weathers local shoe store appliance store travel agency repair shop
usually higher in local members your community a bill that business and
eventually passing their business idea kids in those employees etc
in a stain there long after your retirement maybe their kids working for
a amor main streets in cities across america before reagan
i realize many of you are not old enough to remember ask somebody who is
you'll be astounded or go back and look at some of the old movies you know the
netflix or whatever you can for you can see these old t_v_ shows from the
sixties and seventies
america was completely different
they all look completely different for their own and unique shops boutiques all
employees local workers making good paycheck so they can spend money and
other local stores and keep the local economy thriving that
used to be the american dream
and then something happened that something was reaganomics specifically
changes in our antitrust laws and our tax code
that open the way for corporate
predators like bain capital
being capitals business model would have been hate crime in the nineteen
seventies or any other time organist re by and large
reagan legalized it
egg is the way to transnational corporations the divine or local local
shops on main street by undercutting them
using cheap labor broad tax loopholes massive government subsidies
but from main street
delicacy
everywhere you go wal-mart best buys macdonnell's
olive garden
berkey any you know the list
those local businesses from yesterday
or occasionally some brand survived but they're actually secretly owned by
pepsico
buzz good pay checks the recycled well through the local economy they're gone
everybody's working for broder flipping wages
except a few teachers and yet the whole republican party screening hollow act or
make a choice money
and then came the leverage buyout artists na hostile takeoff are takeover
hustlers
who eventually got so much bad prowess
l_b_o_ hostile takeovers that they change their industries name
efficiently change their name
to private equity
preserver for two it parrot equity
it was the opening for corporate predators who created a new business
model wearing billions were made simply by harvesting in local companies sucking
all the wealth out of them
and then discarding their bones or selling them for scrap it
here's how one of those predators explained how it was done
back in nine teenage eighty five right after ronald reagan made it legal
plane capital is an investment partnership
which was formed to invest in
startup companies an ongoing companies
then to take an active hand in managing them
and hopefully five to eight years later the harvest them but a significant
profit
some familiar
harassment romney nineteen eighty five
harvest them for a significant profit yet he'd just said that
harvesting is usually a term reserved for for marine firming or near you know
repeater crops out of the ground removing the greener free value and
white painted with their middle-class workers in factories throwing everything
else away
or burning at the fields
two-term uses cried inhumane third-world regimes at harvest human organs is a
term used
described a plot lines a sci-fi movies when ily inspire vist humans
it's a term mit romney used to describe what his company was created to do the
local economies
cars out of job creator by zone buys on admission he's a profit harvester
and today all that money he's made harvesting the money and what were once
our local economies is being used to finance his run for the white house to
be the harvester in chief
i mean really that's water all comes down to
the american dream is ivy sits toast
i told you know a couple days ago i told the story my dad and and how you know
through a largely because of the g_i_ bill he was able to go to college she
didn't graduate cuz my mom got pregnant with me got a good union job
her good job in a union shop
went into a dicing keen worked there for forty years
died owning his own home he had a new car every three years
a good g_m_ car at that
may just up the street from him
they made the parts for them
at lansing too and i say are they made the dies that may departs
and i had the american dream too
i mean it was amazing
isn't just out you know i look back i was just amazing in nineteen fifty seven
months sputnik one up
dwight eisenhower went nuts and said okay let's find
img if did kids in america and really give a shot
and by six thirty we were like
you know we were college-level pretty much everything
and then next summer i got this uh... summer scholarship to go to michigan
state university
and then
you know went went to junior high school
in the midst of that the vietnam war started in
marion fell apart
the money for gifted kids went away
so tenth grade high school
i was hate that i was bored silly
eventually got basically thrown out a high school in the tenth grade
turkey g_t_e_ scored a ninety seven to ninety eight percent l right across the
board
which got me in lansing community college where i
eventually dropped out of there too wide because i've started a business in east
lansing michigan that by that time have five employees in i was making more
money than my dad one
and i've been an entrepreneur ever since
literally ever since ever since i was it seventeen eighteen years old
and that's the american dream too
an increasingly it's death
you're listening to become hardman program colleagues execs nineteen
seventy-eight joanne
you really think that somebody who is a high school kicked out and college
dropout today
could start a series of businesses make a good living raise kids have a
successful family