FDR created today's 30 percent coalition. Obama wants to finish the job by turning it into a permanent ruling majority. There's nothing new about the Obama Narrative. It is the FDR Narrative on steroids. It is intended to lead to greater statism and political gain.

We will have bigger bureaucracies, bigger labor unions, and bigger state-run corporations. It will be harder to be an entrepreneur because of punitive taxes and regulations. The rewards of success will be expropriated for the sake of attaining greater income equality.

There is nothing inherently fair about equalizing incomes. If the government penalizes you for working harder than somebody else, that is unfair. If you save your money but retire with the same pension as a free-spending neighbor, that is also unfair.

The system that enables the most people to earn the most success is free enterprise, by matching up people's skills, interests, and abilities. In contrast, redistribution simply spreads money around. Even worse, it attenuates the ability to earn success by perverting economic incentives.

As a matter of fact, believe it or not guys, you can actually lose money in sports! I know that you'll find that shocking.

I used to be really anxious about money. I got that from my parents. I still am, but for entirely different reasons.

Nobody leaves a hotel without getting a full measure of three months of rental assistance. So no one has been evicted - no one who's eligible has been evicted from a hotel without getting a significant amount of money to find - to pay for their rent.

On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States.