Arianna Huffington and Tim Armstrong appeared on CNBC's "Squawk Box" Monday morning to discuss economic chivalry, job creation, and current world events.
On the show, Arianna said, "I've been talking about the need to redefine capitalism, the way Adam Smith wrote about it. He was saying we need to have a moral foundation to capitalism... Also, Alfred Marshall talked about economic chivalry, about the need to give back, which is very much part of what America is about. America is the most charitable country."
Later on the show, Arianna discussed current challenges in Greece and the U.S., saying, "I don't want the American Dream to die... you have to admit it's dying for millions of people." She went on to say, "I'm all in favor of shared prosperity. I don't like the new normal, though. I don't like us accepting 15% unemployment... that's not something we should accept as the new normal."
"We do big things," President Obama said during his State of the Union speech in January. And, in fact, we do. Sometimes. Finding and dispatching Osama bin Laden certainly qualifies. But what about the jobs crisis at home?
Coming at a time in which the country is all but paralyzed politically, there is tremendous spillover power in this accomplishment. Can this real and tangible victory produce conditions that can lead to more successes?
This week, talk radio pundits, desperate to turn the conversation away from the success of the bin Laden mission, worked themselves into a faux lather over the Obamas inviting Common to appear at a White House poetry night. Thankfully, the Ghost of Sister Souljah Moments Past did not make an appearance at the event. Elsewhere, troubled marriages grabbed the headlines, with news of Arnold and Maria's separation, the Senate Ethics Committee's scathing report on John Ensign's sordid conduct, and thrice-wed Newt Gingrich's announcement that he was running for president. Meanwhile, joke writers all across America rejoiced with word of the extensive collection of porn found at Osama's Abbottabad compound (insert burka double entendre here). On a personal note, my youngest daughter officially says farewell to her teen years today -- Happy 20th birthday, Isabella!