Page 2 - Smith Tobin News Today

hoping to reel in buyers and confiden consumer confidence at a low. does that mean that the economy is already scrooged? hi, everyone, im he brenna buttner, this is bulls and bears, and weve got gary b smith, tobin smith. jonas max ferris and susan and larry. okay, larry, no deal on taxes and debt scrooging holiday sales and the economy? >> thats right, brenda, you know, i dont want to be the grinch here, but in a word we are scrooged. >> the grinch! >> very, very optimistic expectatio...

0 agency that republicans and democrats agree to be the ultimate authority is the congressional budget office. they looked at this question and they found that raising the top, the rates on the top 2% will have virtually no impact on gdp and virtually no impact on job formation, the republicans in congress didnt like that study. so they asked the crs. congressional research service to review the data and come up with conclusions and guess what, they looked at this and said the same thing, almost...

this for the past four years and seen government expand over and over again and now the same composition in the congress as well as the white house, what are we looking at. obamacare, dodd frank and heavy costs, companies will not hire. >> okay, stephan, do you agree? >> i agree partially. we should be concerned about government growing out of control. first of all, government through quite a lot during the bush years and we had pretty robust private employment expansion and the govern...

0 expander hes been described as. >> a lot of jobs at the state and local level, but jonas, what do you think it means for the labor market? >> i think for the the labor markets, if you define success as a low unemployment rate, the government actually can deliver that in some cases and i dont think it is a good measure of success. we are going to come back and four years, now that unemployment is 6% then big government works well. thats not a conclusion you should draw. if you look at japanese ...

lawyers for sandusky say they plan to appeal. now for an extreme weather alert for you because the gulf coast is bracing for heavy wind and rain as the tropical storm system is swirling in the gulf of mexico. debbie is her name. and shell be the fourth named storm of the atlantic hurricane season. for more on that, lets go to maria in the extreme weather center. what do we know? >> good morning. good to see you. its not named debbie just yet. its an area of low pressure, showers and th...

my opinion, hence the reason the market was up a bit today. ive been saying since january that the market is going to have trouble and continued volatility going into the november election and i stick with that point. i believe that the banks have severe problems lending to small businesses is only going to continue to be a problem and theyre going to need to look to other ways, the atm feeds increased or quarterly statements in order to keep solvent. >> i dont know, s & p downgraded t...

corporations do what they do best. and thats make money and create jobs and plus, brenda, they dont even have the money for another stimulus. look at in five years, our debt has gone from 5 trillion to 10 trillion and how can you be talking about a stimulus and think about short-term. so far this year, since the budget season started, we have spent 1.5 trillion, and took in 869 billion. oh, my gosh, were spending twice the amount that were taking in, how can they even be thinking about...

the economy starting to add jobs again, as stimulus dries up. is more spending the answer? >> no, absolutely not. i mean, i think the reason why were finally seeing some positive job growth is we dont have the stimulus, so, the government needs to sort of get out of the way and let corporations do what they do best. and thats make money and create jobs and plus, brenda, they dont even have the money for another stimulus. look at in five years, our debt has gone from 5 trillion to 10 tr...

>> absolutely, brenda, im surprised all 50 states havent done this, because the facts bear out. lets look at just some of the united states when you compare right to work states to nonright to work states. they have higher gdp growth, higher wage growth. higher pay, higher productivity and higher growth. and more of the population covered by insurance. you have to scratch your head brenda, and say why isnt this the rule in every state in the country. >> brenda: david, you dont agree wi...

>> absolutely, brenda, im surprised all 50 states havent done this, because the facts bear out. lets look at just some of the united states when you compare right to work states to nonright to work states. they have higher gdp growth, higher wage growth. higher pay, higher productivity and higher growth. and more of the population covered by insurance. you have to scratch your head brenda, and say why isnt this the rule in every state in the country. >> brenda: david, you dont agree wi...