Wall Street Journal's Steve Moore at the Defending the American Dream Summit

The Wall Street Journal‘s Steve Moore spoke to the audience at the Americans for Prosperity Defending the American Dream Summit. Moore introduced Senator Jim DeMint (R-S.C.) and he talked about the current economic and employment situation in America.

Moore mentioned that since the Stimulus legislation has been passed and signed into law, there have been close to 3.5 million jobs lost. Moore also mentioned that global warming is the greatest hoax over the past century and how more jobs will be lost under the cap and trade legislation.

Moore mentioned that we need to address the national debt. We have borrowed more money over the past forty years that we can not even fathom the actual figures of a trillion dollars. “We are spending money at such a reckless place, and one day, we will have to wonder what will happen if one day China and other countries stop bailing us out.” Within fifteen years, China will bypass America as an economic superpower.

Moore advocated for a flat or fair tax. Either tax would be good, and it would be like rocket fuel for our country.

In order to reform our health care system, Moore suggested three ideas. Moore has read the 1100 page health care bill.

1. We need medical malpractice reform
2. We need to move towards health savings accounts
3. We need to allow people to buy insurance across state lines

This is a free enterprise, free market solution.