john: president mentioned eda, economic development administration. >> a mini stimulus program that institutionalize in federal government they give out grants to economically imever t impoved areas, there has never been a met nick place to say what is an impoverished area, and why do they need money, it is just free checks written. >written. >> there no eviden helps the poor. >> right. john: from picking winners and losers, giving politicss more moyer. >> keeping people poor. john: another program flood insurance. >> there is no such thing as private flood insurance. john: there would be if the government were not stomping on it with its big feet. >> the program is something that actually just been passed in both houses, you have republicans, and democrats lineing up to support the idea, that we need too subsidize premiums for people who buy beach houses, in risk i areas because that beach house on a beach which may flood. john: i was guilty of accepts that wasteful subsidy, i was young and stupid, i built a beach house, on the edge of the atlantic ocean, a risky place to build but i build it anywa