person, there is hope. each one of us was made for a reason, bearing the image and likeness of the lord of life. [cheers] [applause] [cheers] [applause] we have responsibilities, one to another. we do not each face the world alone. in the greatest of all responsibilities is that of the strong to protect the weak. the truest measure of any society is how it treats those who cannot defend or care for themselves. [cheers] [applause] [cheers] [applause] each of these moral ideas, each of these moral ideas is essential to democratic government.

to the rule of law. to life in a humane and decent society. they are the moral creed of our country. as powerful in our time is on the day of america's founding. self-evident and unchanging. sometimes, even presidents need reminding that our rights come from nature and god and not from government. [cheers] [applause] [cheers] [applause] [cheers] [applause] the founding generation secure those rights for us. in every generation since, the best among us have defended our freedoms. they are protecting us right now. we honor them in all of our veterans and we thank them. [cheers] [applause] [cheers] [applause]

the right that makes all the difference now, is the right to choose our own leaders. you are entitled to the clearest possible choice. because the time for choosing is growing near. here is our pledge. we will not duck the tough issues. we will not spend the next four years blaming others. we will take responsibility. we will not try to retrace our founding principles. we will reapply our founding principles. the work ahead will be hard. these times demand the best of all of us. all of us, and we can do this. we can do this. together, we can do this. we didn't get

we can get this country growing again. we can make a safety net safe again. we can do this, whatever your political party, let's come together for the sake of our country. join mitt romney and me. let's give this effort everything we can. let's get this done. [cheers] [applause] thank you, and god bless you all. thank you. [cheers] [applause] [cheers] [applause] ♪ ♪ [music playing] ♪ ♪ neil: that is paul ryan. knocking it out of the ballpark for this crowd.

more importantly, an audience of millions watching worldwide. he offered them a very clear vision of this ticket. we can do this. if you take a look at the young man and his family, a different generation than the man who has the ticket. a man with whom he said on national tv, i have serious reservations about his musical tastes. but not his economic prescription. i don't know what mitt romney has on his ipod, but it is safe to say that it is not what paul ryan has on his looking at this this is about delivering messages. and the jt's way can do this

resonates in a. >> yes. noticed and how he picked up on the theme of leadership, crisis, and also to challenge the record of obama effective without being harsh. from obamacare june health care you saw the reaction from this crowd why don't they take the issue? he seems to have done that. neil: it takes the energy of jack kemp but it does not

approach elevator status. [laughter] with about we can do this? >> i was exhilarate it an electrified. and now you understand this is the democrats worst nightmare. it is called kitchen table economic issues. to put it in terms americans can understand. >> this was so concise and understandable. how many times? twenty-five times.

i think republicans will win the election. it is not enough to say obama is a failure but that they will lead. not go back to the bush years. >> also the criticism it takes care exclusively past washington. but the effort of what you are saying is not enough on the attack. that this can get better. at first i thought he looks young. [laughter]

he started very slow. >> i agree. neil: and he inherited a mess. move on. >> point* goodell failure is not enough. but a better communicator than i expected. >> to very different very fast communities communicators but very different in style. this is why he was ingenious. he represents the district in wisconsin that is democratic. he communicates to women and the young people i think you are right. he looks young but he could bring back the youth vote.

>> chris christie spoke to the republican party not the party of no. but also he picked up on this but your point* christie was out of the park but it did all connected. >> to reach out and over over, college graduates should not have to live out in their bedroom to stare at the fading obama posters wondering when they can about their life. they try to focus on the here and now you have not

failed. your leaders have failed. >> that was a devastating blow. >> i liked under barack obama everything is free except yourself 57 more ideological but those democrats that is what they're looking for. >> knowing that it would take the issues to correct them. >> the public is solidly on their side. >> was struck me it was a

compassionate speech. compassionate conservatism. neil: what about ronald reagan? >> either of the reference referencing jack kemp he was the architect of the reagan revolution. he would have loved this speech. >> we said yesterday that it is incumbent upon our readers to instill hope and republicans have the reputation of the party of no. it is not accurate warfare

but he had to put a better face on the republicans. did he do that? >> he has the on family and speaks with the generation and. i thought that is a republican party talk about his grandmother with alzheimer's. i do disagree if they think they can win on medicare medicare, that is a mistake. removed it to health care, jobs, not losing. he finally did the story

that i think romney has not sold. neil: hold that thought. rich edson on the floor. talk about his mom. she became the rock star. when you hear her story, loses her husband, 50 years old, starts from scratch. all of a sudden it is entirely different focus. >> yes. and a standing ovation i have almost soundproof plugs to hear you but when that standing ovation happened i could feel might years shaking.

and it was incredibly loud. talk about women's issues it talks about republicans to try to go after the women's boat by telling her story. talk about the delivery month the cal fire he has come to the robot all of this did of the union address. much more relaxed and fired people up. neil: i had that dramatic one on one earlier today. but if you label him to throw grandma off the cliff cliff, his mom is a grandma and sitting right there.

he is concerned about her medicare he does not want to throw her off a cliff. does that go a long way to humanizing? his mom in florida getting medicare could be a game changer. >> that is what they were hoping for. republicans wanted to talk about medicare. we did not hear the president or the democrats or the health care law. republicans have been more than happy to do so. and some of the similarities use the to control spending to what democrats want to

do. >> when you hear him talk it is power point* and charts. but not tonight. neil: now we have the former h&r block chair. so the rap against republicans may not have a heart and passion. of course, chris christie did not but they have to build on this hope? to do this in a positive way ? >> absolutely. it is true. what was missing ryan laid it out.

we have great ambitions. the test is not are responsible for everything that has happened but what have you delivered. neil: that was a kind put down. four years ago good guy. good lord. >> they tried to weave together a message. we don't have forever. the time is now to get the engine going. and the budget. neil: we know what you have inherited but we and acknowledge the difficulties you face. did that

president -- resonate? but beyond that beyond the loyalist with the obama posters. >> that was a great line. >> as the father of three sons to our in school. one is running a business but they and stand trouble of finding jobs. summer graduating and cannot even get interviews right now the jobs are in neutral or park. neil: but the producers say they are not so nasty building something on their own. it is our country.

but it comes back if you want better capitalism or government. but the republican arm leading the convention, you are not the problem. government is the problem. could that resonate? >> i don't think they ask for unfettered economics. romney has spoken about the importance of having regulations and be sensible. >> we tried to help the market grow and let let -- ravages. neil: but you like the market. [laughter] in the argument agree zero

or disagree people say they don't like the markets or the people who dominate the business world. and i sense they say don't buy the hogwash. >> they should. of his lead people in the business community that did not backfire but not every problem was built by this administrations. but to say we have got to do better. getting out of the mindset of let's get moving.

neil: great to see again, it richard breeden. we will it knowledge there were? had on wall street that is not the entire state of capitalism and argued for better police, not more police. we talk about getting passionate in a clear and coherent way. john sununu day effective advocate all things romney. everyone who interviews him is nervous including myself. what did you think? >> a great speech and a great convention. condoleeza rice speech was excellent.

i know paul ryan pretty well and i admire him. he is willing to put in the time to learn the details. and cannot solve the problems that you are constitutionally illiterate. if that is the president's problem. he has trouble counting. they tried to tell us they created the thwarted job stand reagan. they created 4 million jobs. google it. he created 7 million the first two years than 17 million. this administration cannot understand 7 million is

bigger than 4 million. neil: they say it is the best we can do. now than in normal is abnormal or sub normal. now they say no, no, no. is even to constituencies. why do people, two america? for the message of right and gave. not obama. were card, you will be average. [laughter] neil: one thing that i thought was missing in this ticket you frame it

no-nonsense. black and white. you have a choice and you take it to the interview and frame it. >> you know, the media and the debates. with the latinos and african-americans but the party of the rich. >> all of those people are significant elected officials. governors, mayors, a former secretary of state, of one hell of a job. they did not walk in off the street. it is the power structure of the party.

artur davis last night was the most powerful. nominated barack obama for years ago. >> charlie crist will return the favor like my baseball card collection. [laughter] neil: just like mickey mantle. [laughter] republicans have to be clear argue against romney who was knocked in-your-face but a ceo. >> he analyzes. >> leaky pipe in the kitchen and you can hire to plumbers. one is charming and cannot sadr.

the other is dry but he will fix the dam pipe. which one? >> the guy who will fix it. the country is in such pain that in november they will hire the man who can fix it. neil: john sununu did very loyal ally. but this is a built in loyal crowd. you have to go beyond the crowd that of the from this crowd but also part of the outside crowd. mr. wall street. his suit is my mortgage. [laughter] i am joking. my mortgage is less.

talk about how mitt romney closes the gap. >> paul ryan hit a grand slam. grand slam brokers christie was excellent. the message is clear. we cannot have four more years of this administration. this new administration and romney ryan will get americans back to wait -- back to work. >> the next week the democrats will say they got the debt ball rolling that delivered the meltdown. how they answer? >> what it is the solution of. what is your plan?

neil: it is the prescription to get us into this mess. >> it is scapegoating the problem. they pushed it off on the republican message. they want to know how to make it back tomorrow. >> we have chatted about this. i do not like the whiners. but republicans to not give you the reason to hope they will be better. you have to have something

to look forward to. >> absolutely. the message is clear. paul ryan took a direct to the president. neil: what about jill biden? >> no comparison. he will crush him in the debate. neil: what to do want to hear tomorrow night? >> the quality and confidence. >> he is not big on passion. >> disagree look at bain capital, governor, he waved his salary. he cares about what he does. neil: you would never do that. [laughter] tom belesis. you will hear the mainstream etfs speeches and it is your call if the media is biased.

but conventions are judged to rally the base but keeping it united. republicans feel they have their act together and it is up to mitt romney to close the deal. sarah palin will join us. mitt romney tomorrow. we will continue this aim coverage we will also provide in charlotte, north carolina next week. we will also be live this weekend. at fox business. this is your business. this is your life.

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>> yes, we can. >> yes, we can. stossel: probably should say that, but no, they can't. no, they can't is a nasty title, but it is true. three people do things better than clumsy government. i'll give you $100 if you can name anything the government does more efficiently in the private sector. spend money, the private sector

could benefit by wasting money -- they would do that. [laughter] stossel: that might be a job that we want the government to do, but there is no evidence that our military is more efficient than the private contractors who wage war. you know, i don't necessarily think that we want private armies. the government is not more efficient. anyway, another video was just captured on video about another thing they don't do well. >> washington wants to control more and more of our lives, but they can't even fix our own escalator. almost a quarter of a million people showed up for a rally in 2010. when the brakes stopped working on this escalator which landed 400 people in the hospital. this is one elevator that is out of service at all times.

>> this is horrible. >> i've seen people who were supposed to be working on the escalator slipping on the job two. stossel: people want more government. we are joined now by nick gillespie, and the former mtv video editor. >> would we learn? it's horrible. if you want to see private escalators working well, go to a mall. if you want to see government escalators -- don't go to washington dc, because you'll probably land in the hospital. >> its greatest museum is the museum of broken escalators. they're talking about talking about taking eight half monster place over 500 escalators. if you talk to anybody there, they are figuring eight and a half months -- that's a lowball. it's going to be longer than that. stossel: whited things things happen -- why did these things happen in government? >> they shifted away from contracting work out, and they

took it inside. the public sector was thinking that that would be a more efficient way -- cut out the middleman -- [talking over each other] >> they are not sufficiently trained, and there too many of them. there are poor escalators or elevators per one mechanic. it is a ridiculous ratio. they say from and that shows 10% of the workforce does the labor and 90% slacks off. in the private sector, 25% are doing all the work. stossel: the private sector is not perfect, but it's just better remap one of the reasons it's better is because if you screw up, there are consequences. it is the same thing that happens with public schools or other types of programs -- if you screw up you get more money or more aid or another chance at another chance. in the end, because the money is

not coming out of your pocket, you slide a lot longer. >> and there's no competition. when there is no quest for profit, and when there isn't a marketplace, then you really don't have an incentive to do better. stossel: you tried to confront the dc officials about that? >> they would not talk. stossel: there's other examples. roadbuilding? >> roadbuilding is a centralized mess. every city -- every state, the federal government is out of money. we need to build more capacity to create congestion -- [talking over each other] stossel: slow this down because this frightens me. private roads? >> what it means is that if there's heavy congestion, you will pay more to use the extra wings. they don't work. april everyone down and they are empty. you look at the 91 freeway in southern california, and you'll pay anywhere from a dollar $525.

if you want to go faster. if you have jobs where they want to make money -- it's nice to get there on time. >> it isn't even exclusive, it adds to your options. those moments when you need to go fast, you will pay extra to get there. it is just in time pricing. if you're not in a rush, you can sit in congestion. the more people that pay, more people on the free ride get a quicker right as well. why would it be wrong to have a private company billed extra capacity that is going to help those people who use the toll roads and people who don't. it just seems like a no-brainer. stossel: it's like win-win. it's what capitalism -- >> -- the freeway were talking about. stossel: it's like in paris. people move faster in the tunnel because it's privatized.

how did you come to understand that no, they can't, because most people believe that they can. >> is interesting. we knew we were libertarians before we heard the word and knew what it meant. i actually had the privilege of having discussions with frank zappa. i would listen to him. i was terrified to opening my mouth. when i would isten to his conversations about censorship, i was moved and deeply inspired. you know, this was an area that i was familiar with. i was getting a lot of heat from conservative groups for being a fan of 9-inch nails because they hadirty lyrics. but as a responsible adult, i was able to maintain my straight edge and enjoy good music. >> nick, in the recent video, this one person holding up a sign -- this was at the john stuart rally that followed the glenn beck rally. it said government is awesome. >> one hopes that that was an ironic gesture. [laughter]

>> there is a role and a place for government, and it is the kind of stable structure on which people can get on with their lives. give roads, courts, law enforcement things like that. when it gets beyond that, it starts getting in the way of people coming together and coming up with new ideas and new ways of doing things. coming together voluntary to do more in a choice stricken world. thank you so much. stossel: coming up, how i went from being down to being not so from being down to being not so dumb. abigail higgins had... ...a tree that bore the most rare and magical fruit. which provided for their every financial need. and then, in one blinding blink of an eye, their tree had given its last.

but with their raymond james financial advisor, they had prepared for even the unthinkable. and they danced. see what a raymond james advisor can do for you.

for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. stossel: welcome back to my show about my new book. this promotion, i would be ashamed, but i've watched bill

o'reilly. if he can do it, i can do it. now it's your turn to criticize me or asked questions he whispers? >> i'm a college student. my roommate is a liberal. whenever i bring this argument up that government fails but individuals in markets succeed, he cites the example of europe, and that they have a larger government, higher taxes, lower poverty, better education -- what would your argument that be about europe and their bigger government and their more prosperity in that sense. stossel: i would say they don't have more prosperity. america is more prosperous than europe. we are much more diverse country. we have more immigrants. we create new jobs, and some of the benefits that people in your past say that free health care -- they get because they preload off of our free-market system. the drugs -- the new jobs that they have our new artificial means that they got from us. europe is now breaking down from

sustainable. america is breaking down as well. it happened in spain and portugal, it will happen in japan. they are worse off. >> i'm against legalizing drugs. i seem to destroy families and neighborhoods. you might be able to convince me of marijuana. but any other job, i'd be against it. stossel: once you're an adult, who owns about equipment if you want to wrestle your life with heroin and crack, and by the way, 90% give them up on their own, isn't mr. wright hurt your self? >> but i see people get hooked on it at a young age. they don't live long enough to get off of it. they died -- stossel: the government statistics show 90% quit on their own. >> any of these other drugs, no way. stossel: all right, well, i can't convince everybody.

>> educating people about how bad the government is is all well and good, but how much education do they need until some real change happens -- until we actually start moving the era of bigger government to smaller government like the founding fathers wanted. stossel: thomas jefferson said that government grows and liberty yields. ten, 11, 12% of the vote -- it's not intuitive to think that free people being left alone would be better than our wise protectors. you are young. you get it. tell your friends. we need to get young's people. >> when you're writing the book, what surprised you. stossel: i was surprised to find extent of the horrible idiocy of

some of these bureaucrats. the tsa, for example. in the law that created the tsa, there was an exception that says if the city wants to opt out, it can. san francisco day. what's the result? in san francisco, the lines moved quickly. they move people around. now, these other airports a tsa, we want to opt out too. yes, we know you are spending 10 times with a private contractor spent, but we don't like you and we want to go private. the tsa doesn't even want to respond -- for a year they don't respond to letters from airport directors. and they say, we don't think it's advantageous for the federal government. wouldn't mcdonald's like to say that to burger king? once they grab power, they never let go. yes, sir. >> back to the drug argument. let's say we legalize drugs.

the thing is you're still going to have criminals out there looking for market to exploit. what do we do to address that issue when asked if they don't have drugs to market, they're going to do something else -- prostitution or whatever they might -- stossel: legalize prostitution. >> at what point do we stop. stossel: if prostitution were legal if drugs were legal -- those people would find real jobs. many of them wouldn't be criminals anymore. you're not buying it. the guy in front of you buys it. >> it comes out strongly. [inaudible] i think legalizing drugs is the answer to a lot of our problems -- stossel: and portugal made legalize drugs. there is less crime. in holland, fewer teenagers

smoke. our assumptions are often wrong. yes, ma'am. >> on college campuses when we bring up libertarianism, the first response is that's not normal -- moral. stossel: it is moral to be your free person and pursue your own interests. that is how life works when people are free. thank you. we are out of time for questions. coming up, my personal learning curve. how i came to understand that the political quest is just arrogant. when they say this -- >> "yes, we can. release me! you should eat something that's good for you before you go outside. never! it's a new fiber one chewy bar.

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stossel: when i got my first job as a reporter, i soon learned most every so-called news story must draw attention to some terrible problem. homelessness, crack and cocaine, people spending too much time on the internet. poor people not spending enough time on the internet. so on. whatever the problem, there was one answer. government should do something. there ought to be a law. it just seems like common sense, and you've heard that. i bet you said that, even though some of you are libertarians. there ought to be a lot. if something goes wrong, that's what we say. it is intuitive. the bureaucrats take her sentiments and run with them. to fix our problems, the feds pass this many problems. 160,000 pages of rules. when kids to her state capitals, legislators are asked what laws

did you get past? they never ask what you get repealed. it is just not intuitive that you are rules would be -- if you were rules would be appropriate. they don't learn from their mistakes. that law failed, let's give it one more try. spend more. this time, central planning will work. but it won't work. it doesn't work. no one and no group of people can be trusted to plan other people's lives. as frederick hayek said, the curious task of economics is to demonstrate to them and man how little they know about what they think they can design. the politicians just will not learn that, it leads them to say this. >> "yes, we can." >> "yes, we can." >> "yes, we can." >> "yes, we can." stossel: but no, they can't. gee, that's the title of a book

that i saw recently. it's a good book to have around. but i think the subtitle of my book is key. "no, they can't: why government fails but individuals succeed." government and saying that it's not a way to solve problems is saying that humanity can solve our problems. when i finally learned after years of reporting is this. despite the obstacles, it is voluntary groups that solve challenges. government doesn't do it. individuals do. markets do. markets aren't perfect, but they allow for a world where prudence rewarded and recklessness punished. a world where people are more likely to take risks and innovate where more people prosper. that includes the poor. the poor will always be with us, but if free markets were unleashed, that would be much less true. the future could be filled with technology and wonders and charity that my children would

need to read about poverty to know what it wants. government can't, that individuals can. that's our show. that's our show. now, go purchase my book.

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