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Transcripts For CNNW Your Money 20120624

factory floor asia has fewer things to manufacture. china, an economy second in size only to that of the united states, or of europe, has slowed. india has slowed, too. that means more than 2 billion people in the fastest growing nations in the world are buying less. this is one big storm. what is america doing about this storm? well, we ve got umbrellas. what we need are hurricane shelters. but you can t go out and build an economic hurricane shelter yourself. that s something you need help with. government help. congress, for instance, could help stave off the effects of the storm, but they won t because that would mean being honest with you about things that are getting potentially worse and not better. and that kind of talk doesn t win elections, so congress sticks to what it does best these days partisan bickering and blame. and then, there s an entirely different storm brewing in washington. not the election, it s the so-called fiscal cliff. series of tax increase

Transcripts For CNNW Your Money 20120623

spain, italy, portugal, ireland could all be next needing emergency shelter and support n an economic storm, what that means is more bailouts and cut backs with europe means spending less money. that mean s the world factory floor, asia, has fewer things to manufacture. china, an economy second in size only to that of the united states or of europe has slowed. india slowed, too. that means more than two billion people in the fastest growing nations in the world are buying less. this is one big storm. what is america doing about this storm? well, we ve got umbrellas. what we need are hurricane shelters. you can t go out and build an economic hurricane shelter yourself. that is something you need help with. government help. congress, for instance, could help stave off the effects of the storm. but they won t because that would mean being honest with you about things that are getting potentially worse and not better. and that kind of talk doesn t win elections. so congress stick

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