Page 22 - Rob Cox News Today

Nearing near the bottom of the pack despite the fact they account for 40% of the federal revenue thats spent across the country. rob cox u.s. a, has crunched th numbers. we welcome you. what is the overall sort of theme as it reveals itself. >> were now in a position, were talking about bailout. the federal government should they bail out states. should they be allowed to go bankrupt. a lot of people from the best deal states saying no way, no bailout. look, im not saying we should bailout state...

In the business of moving money from one state to the other, regardless of any politicians rhetoric about i dont need you and you dont need me. >> look whether you like it or not, people talk about the redistribution of wealth. thats what the tax code has always done and thats what it has done in spades for many of these poor states around the nation. its what separates us from europe f-you will. its, again, going back to that point. german taxpayers dont want to do it. they dont want to bailout...

Your predictions? >> tomorrow, we will have some idea. nasdaq put out a note they will cancel thousands of trades made from 2:40 to 3:00, anything that showed an an nominalist drop during that period and get an indication of what happened. people will focus on the bright side of things. to be honest, tomorrow we have job reports coming out. by all indications, maybe its optimism on my part, i think it will be a great number and people will say, hey, wait a minute, the fundamentals of the u.s. ec...

The dow fell 700 points in just 15 minutes, then gain ed 600 points in the next 20 minutes. the financial industry is trying to figure out what happened and human error may be to blame. there are reports a trader may have typed in the letter b for billion instead of m for million. which, of course, happens all the time in washington. this, of course, was suspected to be on a regular market order, triggering the dows nose-dive. for more, let me bring in rob cox, u.s. commentary editor with reuter...

Latest updates on this topic.

Bonds and everybody else to be happy is we need to know that actually americas finances are on solid footing, will be on solid footing. medicare is there in some form. social security is there in some form. thats what everyone has to work towards. the lift that people will have in terms of optimism, i think, would be great for the country and for the economy. >> so, rob, the realist stickin point is revenue. where would a deal come from? i actually want to take the politics out of this. lets pre...

Smokestack industries, and we have a real problem with manufacture inning this country. theres some sort of reckoning with that. it makes sense. everything has to be put on the table. my worry is everyone focuses on the fiscal cliff and not the big thing that its designed to address. >> rob cox, thank you very much. >> pleasure. >> up next, the medias new shiny object, the scandal involving sex and spies. that leads us to ask the crucial question, why would a man risk everything for sex? well ta...

Gridlock and partisanship. that is bad for america and all of us. i think the republicans have to realize the position of strength that the president is starting from here. >> rob, it sounds like theyre starting to recognize it. you had the interview in the "wall street journal" this weekend, where mcconnell said hes willing to pay the ransom. meaning hes willing to sign off on higher taxes for the wealthy, which obama is demanding. the democrats have the leverage and the republicans recognize t...

Imogen lloyd webber, rob cox, i dont want to get hung up on the poll, rob, but there is a point when you would rather have no data rather than bad data. certainly in the market and any sport analysis of any kind pf i dont understand the appetite for bad data in politics. >> im not sure it is politics as much as media. >> or the media. >> this is such a highly watched local election. how many times have we tuned in and really cared about what is going on in madison, wisconsin. but this is so embl...

Has going for him is the fact that hes way ahead in delegates. but that doesnt make for a very compelling case to primary voters for why they should vote for you. vote for me because the math is on my side is not a winning message when people want to hear what your vision is for the country and how youre going take things forward and how are you going grow the kpeconomy fo folks. so, yeah, there is no ripple of change. >> interesting, rob cox. if you look at what jonathan just laid out which is ...