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>> it will unravel badly and cause they are reception. its not the consumer, the consumer going to mcdonalds, they he start with investors and big money and the market, trying to get out of it 24 hours and that leads to collapses in countries. and the consumer in greece is not the problem, dot the debt spiral and caused recession. in those countries to drag us down with it. >> where the assets are coming, the assets are coming here. >> the smart money is-- >> and guys, im telling you. >> let her...
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That this president is obsessive over public sector jobs, but he doesnt really know -- >> obsessive over public sector jobs? >> public sector jobs, but he doesnt really understand how the private sector works? youve heard that, right? >> sure ive heard that, of course ive heard that, and many businessmen say that. the question whether he understands how the private sector works or not is a legitimate question. i dont think its the question were talking about this morning. were talking about this...
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For two months in a row. >> not significant declines. not the kind of collapses that we saw in 2008 and 2009, but still steady, slow decline. >> he said that means an ongoing decline in the net worth of american households, which dampens their spending. that in turn contributes to a broader and nagging uncertainty about americans futures. >> to me it says that consumers, home buyers, are continuing to be worried about the home sector itself as well as their own future employment prospects. >> th...
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Defeat from the jaws of victory. this surprise announcement throwing everyone to a shock. they want to put it to popular vote, only second one since 1974 to the people, to the masses whether or not they should accept this bailout. right now the idea is that perhaps they will because the euro is very popular. the notion that the greek people would all of sudden become really hard workers and not be bailed out, nevertheless this is serious monkey wrench and has reverberations throughout europe. eu...
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Be so. what implications does that have for barack obama? youre running on the economy and its going in the right direction but jobs are still at 9, 9.5%. >> if europe collapses, if china hits a bubble, theres little that any president can do to stop those negative waves from crashing on to our shores. and really hurting america. we are intertwined now. >> you have to take a good day where you get it. dow up 340 points. that should be good news for the economy. but as you both pointed out theres...
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A lot of serious news to get to, including a man arrested in a plot to blow up the pentagon and the capital building. the obama administration asking the supreme court to take up its health care law of last year. we do begin with last nights spectacular exhibit a of why sports are great. the final day of the 2011 baseball season will go down as one of the most exciting in the history of the game. four teams vying for the two remaining wild card spots in both leagues. two of those teams, the re...
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Senior employees say he did know. committee released a letter by the former news of the world royal editor clive goodman where he says about hacking this practice was widely discussed in the daily editorial conference. until explicit reference was banned by the eder to. that editor andy coleson went on to be prime minister david cameron chief of communications until he stepped down in january as the phone hack story heated up. coleson is under arrest now but claimed he did not sanction illegal p...
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Professor bernanke does not know his history. when you keep rates artificially low as he said he will do, you will cause bubbles, you will raws collapses, you will cause houses of cards to fall in the--. >>neil: hasnt that happened already? >>judge napolitano: it should because those who are not well financed do not belong receiving money at .25 percent interest rate. look, the fed think they can do anything. he could be separating himself from alan greenspan but he watched alan greenspan over t...