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June 20, 2024
It is always about money. Melissa all right. First the days market headlines. A bad day for stocks just keeps getting worse. A News Conference by president obama only amplified fears about the fiscal cliff and down to a 4month low down 185 points. Banks of america led the slide, closing down more than 3 1 2 . One bright spot, cisco shares surged 5 on an earnings beat. Now to our top story, president obama may be a betting man because he is trying to double down on how much tax revenue will be ra...
June 20, 2024
Host we have been talking with sam goldfarb from cq roll call. Thank you very much. Explores the history and literary culture of all money of albany. Tonight on cspan, a Senate Debate on the fiscal cliff. Shaun donovan discusses it. Harry reid and Mitch Mcconnell when backandforth on fiscal cliff issues and a proposal to raise the debt ceiling. Here is part of their exchange. Yesterday afternoon, i came to the floor and offered president obamas proposal on the fiscal cliff to show that neither h...
June 20, 2024
Recriminations if you sign the discharge petition. There be 218 signatures. If the speaker allowed a vote on the bill, it would pass. Certainly with a good deal more than 218 votes. We might not win over the paul ryans. They can vote no or present. Let the other republicans vote their conscience and this bill will pass. It was reported that senior aides are considering just such a strategy to give them a soft landing in the tax debate. They live to fight another day on spending cuts. We agree th...
June 20, 2024
Case, it was constitutional for them to establish id they did not say all of that was subsequently they talked about indiana. You misrepresented what i said. The Supreme Court is the law of the land. When i hear these accusations that black people voter i. D. Loss disproportionately affect minorities implies to me that somehow we have something missing in our brain. As if white americans can get id to vote and go through all the processes to follow the laws, what are you telling black people . T...
June 20, 2024
Authors who have a very cool index of economic uncertainty. It is a very innovative paper. They estimated that the debt limit struggle probably subtracted about 1. 5 from gdp growth during that summer when it was happening egos of the uncertainty and inactivity that was caused by levels of uncertainty. Each time we go through that, there are consequences. I would like to add if that is what it takes to get spending under control, we need to concede that in the long run there will be a benefit, w...
June 20, 2024
By about half a per year. It is ultimately a question of what kind of world we want to live in 10 years from now. If you want to look like the way europe has been growing, we will have a small consolidation, such as the small consolidation proposed by the president. If you want to have the kind of growth that i hope we can have with a bigger consolidation, that one is being proposed by speaker boehner. Thank you. I would like to focus on something that is probably more of interest to the economi...
June 20, 2024
We have got to do something about the spending. And obsessions to raise taxes is not going to solve the problem. What will solve the problem is, doing something about the entitlements, taking on the wasteful spending in washington. We cant just keep borrowing money and raising taxes and expecting the problem to go away. That is our point to the president. And as the speaker said, we want to sit down with the president and want to talk specifics. We put an offer on the table now. He has out of ha...
June 20, 2024
Gross margin bottom will fall by half a percentage point. We will reverse the hardfought gains over the past few years. We cannot afford to go backwards. Instead we need a balanced and bipartisan approach. One that balances the short and longterm needs, distinguishes between Foreign Investments and the Core Investments that must be reserved, and spending that we can live without that utilizes both spending cuts and revenue increase. The first order of business should be to protect those middle i...
June 20, 2024
Caller right now i lost my job because my boss was fired from the university. And recently got my doctoral degree from that university, and i am spending eight hours a day on the computer, trying to network. I want to buck the contention that it is a mismatch of skills between the employer and the people that are unemployed. There was a recent wall street journal saying that part of the problem is how employers conduct searches of candidates, and her recruiting is done. How recruiting is done. I...
June 20, 2024
Were learning to a connection to a once secret operation during the korean war. We have more from palo alto. Kimberly . Last week, merrill new maps family said he always dreamed of visiting north korea. It was a risky move and one that could have long lasting consequences. He was said to have trained anticommunist goriluerrillas bd enemy lines. Information was only declassified in the early 90s when they started writing a book entitled white tiger my secret war in korea. It isnt uncommon for u. ...