Page 17 - Garyb Smith News Today

To come back from this. they take us further, more deeply into debt. what can you do but raise taxes? >> dagen: armageddon? really? hi everybody im dagen mcdowell. this is bulls & bears. so bulls & bears this week, gary b. smith, jonas max ferris, john layfield along with stacey washington and adrian elrod. welcome to everybody. john? armageddon, really? >> look this political talk has reached a new level of crazy. where was this dooms day prediction when nancy pelosi with the rest of her congre...

And gary smith and heather. what would the fall-out be if companies take the tax cut and plow it back into their stock? >> that would be a big push-back against the gop in this plan. its most likely to happen. while that will benefit stockholders or shareholders of the company by buying back shares and increasing the dividends, neil, that wont benefit the economy in the short run. it will take time in order to hire workers and invest in domestic plants property and equipments. >> neil: gary, im ...

Neil. >> neil: so if you dont, heather, then what? >> it goes down. market declines 10 to 20% even. if we dont get corporate tax reform, this is already priced in to a lot of the earnings. we have corporate earnings right now. theyre doing well. we also need tax renorm before year end to help market the markets go higher. >> neil: gary b. smith is saying its not priced in. this could be that and ubs saying yes, this thing is a rocket if those tax cuts are approved. >> absolutely. i think its a r...

>> david: frankly gary there was one bit of news in particular that spooked the markets and that was when we heard about the delay in the corporate tax cuts, then the markets you could see the markets come down markedly when that happened. if you delay the corporate tax cuts you delay business decisions and that could delay the economy right? >> gary: absolutely david look im of the opinion that once again the republicans have critterred away an easy sell. i was just, you already know the mainst...

Here is your timeline. the house votes on their bill next week, a senate vote could happen the week after thanksgiving, with the plan to get it on the presidents desk david this year. >> david: good for you for really going through raking through that new york times report because so often the times headline is very different from what you actually see. >> lauren: i had to go to the last paragraph and the article was long. >> david: its extraordinary and by the way senator told me yesterday he s...

The bulls & bears including john layfield this week, are gary b. smith and joan as max ferris along with daniel mclachlan. welcome to everybody. john you just about had enough of this. >> john: i think america has had enough of this and enough of congress. this is classic bait and switch. theyre trying to take the fact theyre becoming the most inept do nothing congress in our countrys history. look weve had 21 special investigations since the carter administration only two have produced prosecut...

Outraged that really theres two sets of books and two sets of rules. when it comes to politicians and the elite and every day americans who are not able to get away with half the things we are talking about right now. >> dagen: to your point though gary b., ill give you the final word on this is that they dont even have any idea in congress how much these investigations will cost and all we know is millions and they wont really fess up about how much and we dont know how much the special council...

>> dagen: predictions. gary b., go. >> dagen i was shocked when i read the news yesterday, jeff bezos is the richest man in the world eclipsing john layfield. i was sad matter of fact but hes worth it because amazon is a great company and i think the stocks $2000 in two years. >> dagen: a lex a is your girlfriend jonas. >> [laughter] id pit her against the one from google. you know i will say the government is never going to let any company break a trillion dollar market cap including amazon. >>...

Easter earn. >> dagen: republicans talking a lot about tax cuts but president trumps key economic advisor is talking about a tax hike. gary cohen reportedly telling law makes they will have a chance to vote to raise the gas tax to help pay for infrastructure. gary b., you say we need to pump the brakes on this one. >> gary: exactly. we need to go the opposite way dagen. theres three key points in my argument here. number one is we dont have a revenue problem we have a spending problem in fact if...

Talking about with all of the natural disasters that would be huge but let me make a quick point that comey probably did something stupid and theres something to garys point is it worth going back and doing all of that and one thing is for sure. i dont think anybody would say comey was a hillary fan at what he did right before the election would put out the information he did, not that it might have cost her the election but i was in that election and it did affect it whether it meant to or that...