weekend, some reports saying just six minutes. reid characterized the talks as substantive. i m optimistic about the prospects for a positive conclusion of the issues before this country today. we re here to talk about the high-stakes exit strategy is david winston, senior adviser for speaker john boehner and jim kessler, a former senior schumer adviser. good morning to you both. david, starting with you, how are reid and mcconnell approaching this right now? are they timing their negotiations for a last-minute deal? well, the one thing that clearly almost always happens with these negotiations in terms of congress and congress and the president, given the amount of time they have, they tend to use up all of it. it s just sort of the nature of the beast. having said that, i think in this particular situation what has been more difficult is these negotiations just have started up and so the thing is they have to compress a lot of conversation into a short period of time in a situa
great job, you guys. before we ask about the pitch, i want to know, is the ice cream good? amazing. delicious. you got the first part. hooked them on that. you ve eaten about half the pint over there. fabulous. did they get everything in the pitch or is there anything they missed? i need to know more about your profitability, how you re making money doing this, what kind of model do you have set up. what can you tell me about that? i can tell you gross profit margins between 40% and 50%. we have an exit strategy for a sale. are you reading my mind. a little bit, yeah. you wanted a little bit more of that in the pitch. what about you, jen? did they give you enough to pique your interest? as a marketing and branding person, i would like to hear more about the strategy, but this is a growing area. there is definitely going to be a need for really unique marketing strategy to really separate you from all the other brands on the shelf with similar claims of the glute
what this means is tapering. everyone thought that might be imminent, i think that s now in the distant future, if janet yellen has her way with the fed board. that she was going to just keep, as mary s been suggesting, pushing the must be out until she sees the unemployment rate come down, period. the key test of any fed chairman is not when everybody is cheering you for easy money, that s easy, everybody loves you, wall street loves you, the politicians love you. it s when you have to reel it back in, tighten money. do we know if she has the fortitude and will to do that? you wonder what kind of an exit strategy they would have here, right, because they would have to stop the bond buying program and raise interest rates, and i think whether she has the fortitude or not, but there s also a timing factor. she says she relies on data, but we know the data reliable, they are always
the big subject. slowing the bond purchases that are now 85 billion a month. everyone thought that might be imminent. think that s now in the distant future if janet yellen has her way with the fed board. that she was going to just keep, as mary s been suggesting, pushing the money out, until she sees that unemployment rate come down, period. the key test of any fed chairman in my view is not when everybody s cheering you for easy money. that s easy. everybody loves you, right? wall street loves you. the politicians love you. it s when you have to reel it back in. you have to titan money. do we know whether she has the fort attitude and will to do that? well, you wonder about what kind of an exit strategy they would have here, right, because they would have to stop the bond buying program and raise interest rates. whether she has the fortitude or not, we know the data are not reliable. they re always revising the data. so the fed tends to act late.
having this conversation. that s pathetic, i hate to say it. for the first time we re sitting with the president trying to build this respect. it s months and months and months overdue, not just about this crisis. they should have been going this from the moment the republicans got the gavel back. they re here now, let s hope they can make progress. there s a gaping credibility gap between the president and the republicans. tell us about that. the polling has a huge impact. if you look right there there s a 22-point spread for who s to blame. 66% of the american people blame republicans here. there s another in that same nbc/ wall street journal poll, chris, favorable opinion of the republican party and the tea party at all-time lows. what does that polling do? it gives speaker boehner the right to turn to the tea party members, ladies and gentlemen, you want to cost us the next election? it s time we find an exit strategy. in terms of impetus, there s