Page 45 - Garyb News Today

And i have to say the idea that the government is not helping support this economy right now. i mean, the fed has pumped so much liquidity into the market and its on an iv drip. so, this is a very supportive market right now. >> we do have low he interest rates. we do have stocks running away, gary b. is that because the governments doing something or because its not? >> well, i think, the because its not doing something and you know, look, susan is right and makes some valid points, but shes ul...

The banks pay, you say do it? >> they only have themselves to blame and dragging their feet on this for years. and they, you know, in terms of mortgage modifications, in terms of servicing, in terms of the robo signing and foreclosures, theyve made a mess and could have cleaned up themselves and sat there waiting out and thinking its going to blow over and it hasnt. >> and works for american banker, gary. >> the best friend. >> and jonas why-- >> and the banks created fannie mae and freddie mac....

This, if they do, and what, about 500 people took advantage last time. theyre not even in the market to buy or sell, theyre in the market to stay in their homes, so none of the churn that he we want in the housing market and new buying happens. >> they say this is good for the economy? >> factually it is, were the not talking about 500 on this one, were talking tens of thousands and refinance from 6% mortgage to 3.2, 15 year or 3.8 now, that, you know, is 568 bucks and adds up, sometimes tens of...

Which is, yes, the meats are going up in price because people are cutting back on meats during the the recession, the prices were low relatively and-- >> the drought, too and all that. >> the government actually wants to inflation, the only danger doesnt think its going to appear for a few years and the economy is ahead of the fed zone estimates and they are sort of in control of-- >> wait a minute, gary b, i know youre going to be as upset as i am about-- >> and im-- >> the prices. >> it should...

That come from recession, are not allowed to do. and what we needed more was time. and now, were starting to see the benefits. time business cycle works. >> but dont forget, you know, toby and gary, you know. we started in 2010, we were starting to see, remember those famous green shoots and everyone thought here is the the recovery. well have the summer of recovery. >> we werent seeing any green shoots. >> and quickly, because-- >> in the stock market now. >> right, exactly, im saying we start ...

If there were more u.s. rigs doing what china is doing, would our gas prices be lower right now? >> absolutely, brenda. youd have clearly, this is economics 101, supply and demand. youd have more supply. you know, sometimes the energy policy, and not even sometimes, always, the energy policy this administrations baffling. the president said they want, he wants energy independence. and he obviously wants higher employment, we obviously have the resources off shore. why, you know, china is coming ...

Northern virginia today. according to real clear politics average, mitt romney is holding a lead in florida with 38.7%, newt gingrich with 31.5. rick santorum and ron paul are right behind. were also learning this morning that the u.s. military is set to launch a floating naval base in the middle east. the u.s.s. poncy will be used as for high speed boats and helicopters used by special forces and the military saying that its especially necessary considering the rising tensions in the region. im...

Unionized rate of the work force, pretty much. right? its obviously not that big of a problem that this-- >> made my point, jonas. >> no, the point is theres firing going on in government workers and more representation than private sector workers and my point is that this agency isnt that effective nor are unions stopping hiring? >> gary b, will the appointments help or hurt the jobs recovery? >> well, brenda, its got to hurt. you know, jonas may be right. that to date. they havent been effecti...

>> know this. uncle sam spent roughly 1 million dollars last year so kids could learn about the environment by dancing, im not kidding. it helped had theers become environmental stewards and taught land loads about safer ways to kill beg bugs. i cant make this up! gary b, you say using tax dollars for bed bugs is outrageous and the epa using our money to promote the agenda is unacceptable? >> absolutely. i agree theres a role for the epa. certainly, someone has to be a landlord, if you will, for...

To cut spending and since labor is 70% of the cost of government is just like business, any business sense would be that we would cut it. thats the sensible thing to do and thats the right thing to do. and it has nothing to do with economics. >> brenda: steve, what do you think? >> two year freeze, 1/2 a percent increase, i think thats fine. you know, the private sector has been creating jobs at a very decent clip now, for the last six months, but its been all set for every two private sector jo...