Page 4 - Confidence Issue News Today

The new york federal reserve has done something its not had to do since the depth of the great recession. injecting tens of billions of dollars into the financial system to help calm stress in the overnight lending market. this may sound confusing to you, but it could be a major warning sign. with me is our economic commentator, kevin hassett. now distinguished visiting fellow at the hoover institution. without going too deep on repos, talk to me about why this matters for the average american. ...

>> if we have a campaign where the theme is lets go back to normal, then i think -- >> you are suggesting that biden would do that. >> im not going to talk to anybody elses campaign. >> yes, you are. this is an indirect shot at biden. >> i hope that joe biden rethinks his stance on this issue, perhaps he does not understand who the hyde amendment hurts most. >> is it wrong? >> yes, he needs to figure out how to tell people where he stands on this, and not forget the part that makes biden, biden,...

The theme is lets go back to normal, then i think -- >> you are suggesting that joe den would do that. >> im not going to talk to anybody elses campaign. >> yes, you are. this is an indirect shot at biden. >> i hope that joe biden rethinks his stance on this issue, perhaps he does not understand who the hyde amendment hurts most. >> is it wrong? >> yes, he needs to figure out how to tell people where he stands on this, and not forget the part that makes biden, biden, where he puts his heart into...

He would fly back to new york to sleep in his own bed. he is not somebody who is global. hes a very provincial politician more so than anybody weve seen. i do think some of this is a result of -- you heard the white house say when he did his address to congress, were told he was going to go out and sell these policies at rallies and visits and not campaign-style stops but certainly presidential stops around the country. that has not materialized. >> you have convenience and you have what youre r...

Chinese market is the second largest market in the world right now. and though foreign investors are not more valuable than local retail. but using borrowed money. the fear is the stock market plunge, which theyre trying to prevent, would spread to the real economy. and if it does it would have implications for the global market as well. >> the fear really isnt there, is it? >> its a confidence issue. if retail investors start losing confidence in the market and more so lose confidence in the go...

>> if you look at numbers, obama i think clear politics has him at 41, but then you look at the approval of congress, is close to single digits. if you look at approval of republicans -- >> >> so what is the consequence? what happens in the fall? >> i dont think this plays in heavily except for the confidence issue. that you highlighted with the poll. if people think the president is incompetent, some republicans have said this is his katrina moment. if that becomes a theme, a narrative in the c...

And right now, we dont have the actual fix. and for as long as we dont have that fix, the media -- and thats a problem. >> what if todd park, the guy thats supposed to fix healthcare.gov, what if his testimony is outstanding? will people change their minds if he kind of says, everything is going to be okay, and just chill? will that help? >> i dont think you can really say. at this point its about doing. part of it is a crisis of confidence issue. do you believe that the thing is fixed. the thin...

On one hand you have a confidence issue, on the other hand you have this political party that has no interest in making anything work. so guess what? everything seems doomed to failure. now let me give the administration is looking into one potential asset here during all of this focus on the website. is suddenly the website works or doesnt working does that become a proxy for the health care law working or not working? obviously it not working is a proxy for it not working. but what some republ...

Heres what he said about the president at the lunch with the gop. its pretty late in the administration to start making friendships. if that isnt a great statement. well, your view about this as a guy who understands the hill and how it works. >> the amazing thing about what blunt said isnt that it just applies to republicans, but also a lot of democrats in the house. president obamas much more comfortable in the senate, comfortable with his senate democratic caucus. when he makes calls, it tend...

Serve another term. mr. bernanke has two reasons to do this to ghetto bam marie elected number two to get him a new job. we dont have liquidity issue we have a confidence issue. theres 2.2 trillion encore pratt balance shee-- on corpora sheets. we are missing competence of the average american being willing to go take a mortgage out because hes not worried about losing his job or buy ago new car because he is make the payments or a businessman doing a capital expenditure in his business because ...