democratic district for 80, 90 years. chuck schumer s old seat and a republican wins it, running on a conservative republican message against obama s failed economic policies. it is simple, you ve got president obama thinks that 14 trillion of debt is no problem. we understand it is drowning our country s economy. he believes more taxes the answer. we understand you need to cut tabs. he believes more regulations will fix the economy. we understand epa and other regulations are standing in the way of job creation. even democrats, the same democrats who voted for those stimulus policies, obamacare returning away, hoping to survive despite his poll ratings and failed policies. sean: how interesting after the summer of recovery, geithner is saying we are at the early stage of a crisis. we lost our aaa rating.
in new york the most democratic district for 80, 90 years. chuck schumer s old seat and a republican wins it, running on a conservative republican message against obama s failed economic policies. it is simple, you ve got president obama thinks that 14 trillion of debt is no problem. we understand it is drowning our country s economy. he believes more taxes the answer. we understand you need to cut tabs. he believes more regulations will fix the economy. we understand epa and other regulations are standing in the way of job creation. even democrats, the same democrats who voted for those stimulus policies, obamacare returning away, hoping to survive despite his poll ratings and failed policies. sean: how interesting after the summer of recovery, geithner is saying we are at the early stage of a crisis. we lost our aaa rating.
got a lot of people protesting. you just were upgraded not so much the budget. s&p is my favorite rating agency. sean: they just upgraded you. we had an eight billion dollar hole. the way you fix things you look problems square in the eye and figure out how to design a better program at a lower price. reforming, letting mom and dad stay in their home rather than a nursing hope. a fifth of the cost. not locking people up in our state prison in for less than a year with murders and rapists in a less expensive community facility. there are so many reforms that we drove through. when he eliminated our deficit and kill the death tax. and we kept the income tax cut we got in january and we have an incentive for small business. standard & poor s said sean: an upgrade. the united states losts its aaa rating for the first time in its history. since you have been9!ú governor 45,000 jobs have come to your
got a lot of people protesting. you just were upgraded not so much the budget. s&p is my favorite rating agency. sean: they just upgraded you. we had an eight billion dollar hole. the way you fix things you look problems square in the eye and figure out how to design a better program at a lower price. reforming, letting mom and dad stay in their home rather than a nursing hope. a fifth of the cost. not locking people up in our state prison in for less than a year with murders and rapists in a less expensive community facility. there are so many reforms that we drove through. when he eliminated our deficit and kill the death tax. and we kept the income tax cut we got in january and we have an incentive for small business. standard & poor s said sean: an upgrade. the united states losts its aaa rating for the first time in its history. since you have been9!ú governor 45,000 jobs have come to your
brush it under the carpet here. but, the bottom line is, it doesn t make a lot of sense excepts from a political side. jamie: i guess my question is why weren t they getting this taken care of all along? the banks, bank of america, jpmorgan chase, goldman sachs, morgan stanley, citigroup, goes on and on, the list, they have been allowed to do this, for this period of time and get away with it? . the question is what are they getting away with and need to reflect back on themselves and the government can t sue themselves but if you think about it, the moment fannie mae and freddie mac backed something it got a aaa rating and the way it work, fannie mae couldn t pay for it. the government and the full faith and credit of the u.s. government would come in and back those mortgages. so, the moment that happened, what really took place was now you had aaa rated mortgages and it was because fannie mae basically said i m blessing these and when that happened they could loan those mortgage