Page 146 - Infrastructure Program News Today

Successfully. president-elect trump is going to do something that republicans and democrats have not been successful at for the past, you know, 10 to 12 years, which is negotiating a major package. when you like at sequestration, the tax spending cuts on the hill. nobody has come to an agreement. you need someone to be a teddy roosevelt-like figure and stand above and say were going to make a deal. >> how about the compromise as trump has proposed? all right democrats, how about a $1 trillion in...

Impact of all of his policies. he sort of thinks because we had a good ag through the ag secretary tom vilsack that meant rural america should have been -- maybe rural america was not just worried about the farm bill and how not safe the world was, how deficits were growing and how the country seemed to be going in the wrong direction and were having economic recovery where people not seeing their paychecks grow. patti ann: mr. obama also interestingly expressed concerns that were moving into an...

In not just small rate increases which is not a big deal but factoring in the uncertainty of a donald trump presidency and fisc fiscal stimulus. were all for tax cuts and want to get rid of regulations, when you do all that plus a massive infrastructure program, i think those types of things are now being factored into the markets plus higher short-term rates. guess what? when that happens on the long-term bond, rates go up. prices go down. people start buying bonds instead of stocks. thats why ...

Alison kosik live at the new york stock exchange. >> so much for the predictions analyst after analyst predicted the dow would drop 1,000 points if donald trump won the election. well, the exact opposite is happening. the dow is up more than 1200 points. or 7% since the election. its now sitting less than 500 points away from 20,000. and some optimistic traders are telling me they think it will get to that milestone in just a few weeks. almost 300 of those points came in yesterday with the dow c...

Had a trump administration bring the same kinds of skills and focus to the $1 trillion infrastructure program, which his senior adviser stephen bannon says they want to implement. >> before you answer, senator, i do want people at home to get this. a lot of people at home who dont like the trump thing. you got people who think that america may get rebuilt and put back to work. if you just go -- tell me what you would love to see trump build. just us, somebody fixing the skating rink does not mea...

More jobs created in the united states, but is that a long-term strategy? ill leave that to others to decide. >> the criticism that donald trump is getting including from the "wall street journal" is that you are providing tax incentives, tax breaks to save some jobs, but its really not a good idea to have the government intervene in these areas. they like to see the government stay away from these kinds of areas. your reaction? >> wolf, an important point. would have been interesting to see wha...

A good quality of life going forward. now, mr. trump has -- president-elect trump has said hes all for a $1 trillion infrastructure program. democrats are for that, too. you may recall the recovery package, it was $892 billion program or $992 billion when it left the house. so we are all for that. the question is how do we do it? do we do it in such a way that people will get jobs and people will get schoolhouses, broad band, water and sewage, roads and bridges or do we do it where a few people ...

Savings, if interest rates start to rise that finally helps the savers again so that is something we need. i think the idea of an infrastructure program is a good thing for the country. i mean most people on the right and the left would agree with that. tax cuts im not so sure about. i mean if you look at the last 20 years, big tax cuts have actually not created a lot of -- >> everybody wants their taxes cut though. polite kay it sounds good. >> i know. >> sure its great to have infrastructure. ...

You had a tax holiday for the trillions of dollars big companies have overseas, that money would come back here. the taxes that would be paid, even though it would be less taxes than the 35% corporate rate, could be used to fund this. theres also the idea of an infrastructure bank. you have the congress putting a bunch of money into a bank. that bank also takes private investors and works together, giving returns and loans that way to do deals. lets talk about what the pushback is. go back to yo...

Republicans usually are too tight-fisted to spend any money on anything. democrats arent trusted to spend the money. now we might have a weird chance to get something built in this country gagain. what do you think of that? schumer is a smart dealer. >> schumer is a smart dealer and its smart to find ways to work together when those are ways that are consistent with democratic values, and if you could really create -- >> well, spending money is a democratic value. >> yeah, well -- >> i know that...