1. 9 trillion. Thats what the democrats want in the covid Stimulus Measure. Its more than double being planned on the party of republicans that want to leave out some things like the hike in the minimum wage and help to cities and states that now have a lot of people wondering, all right, how is this going to eventually get done . We know as well that talks have been going on behind the scenes to get a couple of republicans on board. The president of the United States says he has that does explain why theyre sticking to that 1. 9 trillion number. Were going to explore that. Separately republicans are meeting to discuss what will happen to liz cheney as far as her future leadership in congress and Marjorie Taylor green and the Conspiracy Theorys that couldnt land her out of some Committee Assignments that shes had. So lets get to this right now with the Stimulus Measure and where things stand at this point. The 1. 9 trillion figure you heard about. David spunt with more. Good afternoon. A lot of deal making at the white house and on capitol hill. The president is a creature of the senate. He spent 36 years walking the halls of congress. Hes always touted his relationships with democrats and republicans. The white house says hes eager to work with republicans. He wants to work across the aisle. But the clock is ticking. He met with democrats in the oval office to discuss aspects of the 2 trillion package. Yesterday Senate Democrats worked towards crafting the bill with a 5049 vote. We cannot dilute or delay. The troubles that this nation has and the opportunities that we can bring them are so large. So were going to all Work Together with this president. Were united as one for a big bold package working with our republican friends when we can. Republicans say its not that easy. Theyre upset because democrats moved forward without them during budget reconciliation monday night. The president met with republican senators in the oval office. Now while both sides admit they had a productive conversation monday evening, they didnt reach a deal, which is to be expected. Youre talking about 2 trillion nearly. Hashing out a package in a few hours is difficult to do. Senate democrats plowed ahead with a partline vote to set the table for a partisan jam. The new president talks a lot about unity. But his white house staff and congressional leadership are working with a different playbook. Republicans, neil, are proposing 600 billion nearly a third of the democrats package. A close aide to President Biden, chris coons was at the white house. He said its not a matter of months but a matter of weeks to get a package done, neil. Neil all right, david. Thanks very much. David spunt at the white house. So what was behind that meeting that President Biden had with the prominent republicans . Was it all for sure . You wouldnt be you could say wait a minute, ive seen this before. Back in early 2010 when president obama met with prominent republicans to find a bipartisan agreement on a healthcare. Karl rove knows how that ended and suspects it might be playing out here as well. Karl, what to you think . This idea of reaching out to to republicans not happening . Im beginning to wonder if its not happening and this is all for show. I was taken in the aftermath of the monday meeting by two things. First, jen psaki said while there was an interesting conversations, our plan is being carefully drawn and to meet the stakes of the moment, she said, and were not going to accept anything that doesnt meet these pressing needs, which is like saying basically we listen to the republicans, but go away. Weve decided what were going to do. Then a Senior Administration official, an Unnamed White House official talked to the press and criticized the republicans for not being in favor of big expensive programs on stimulus checks. You may wreck the democrats called for 465 billion in checks. You can make 300,000 a year per couple and have a bunch of kids and still get a stimulus check. The republicans wanted 245 billion. If you make 100,000 a couple, you dont get the check. What the biden senior official said, you know, theyre not going to get credit when we pass these big checks. Thats like bread and circuses. This is not about meeting the needs of people that are needy. This is about getting creditple. Its a faulty rationale. If you look at big disagreements, you couldnt reach a middle ground but doesnt seem that the white house any interest in doing that. Neil there is a chasm of what the president says and his actions on Executive Orders that are quite the opposite. Did remind me, karl, back in 2010 when his old boss, barack obama, was working on what was attempted bipartisanship to get republicans on board with a number of his initiatives including healthcare for all. I want to play this bite for you and get your reaction. This is going back about 11 years now. Take a look. Treat all americans the same under provisions of the law so that they will know the geography does not dictate what kind of healthcare that they receive. I thank you, mr. President. Let me just make this point, john. Because were not campaigning anymore. The election is over. Im reminded of that every day. So we can spend the remainder of the time with our respective Talking Points going back and forth. We were supposed to be talking about insurance. Neil i remember that vividly and i thought, you know, say a lot about john mccain, but that was an undeserved comment. It sets the stage for what would be zero republican cooperation. Im wondering if were replanting the same seed. Oh, yes. Sounds like it. This was the obamabiden administration. That is a second time he pulled that stunt. Remember, in a year earlier in february of 2009, the House Republicans came down to make recommendations to the president about the scope of the stimulus bill. He cut off eric cantor, one of the Republican Leaders by saying i won. In other words, shot up. What was interesting to me in that picture, you saw a guy next to mccain of wyoming that was one of the leaders of the republicans on the Senate Finance committee and sat down and with Chuck Grassley and others worked through the Healthcare Bill with the democrat colleagues. And then when it looked like they were coming to some agreements that might require some changes in the legislation, might be supported by democrats and republicans, Harry Reid Made A Public Announcement that he would not be bound by any agreements arrived at by the republican and democratic members of the Senate Finance committee and killed it. So back then agreement with the administration was more critical than cooperation with the administration and compromise. If you compromise was defined as you comprise with your principles and voting for anything that i tell you to vote for. I think it sounds like that is affecting the west wing today. Neil well, back then, barack obama had the run of the table with the house, the senate and the white house under democratic control. So does joe biden with smaller margins. Theyre confident they get it through their way or the highway. The margins matter a lot. Neil no, i agree. Margins matter a lot. Its 50 50 in the senate. Youre better off compromising bringing more people aboard to make it more durable and get the support of the american people. A Party Line Vote wont serve them well. Neil thanks. To karls point, democrats are trying to get this through reconciliation that requires a simply majority to get their way. They do hint that they have republican support here. We dont know who and how many that might be. Chad pergram keeping an eye on crucial meetings on capitol hill particularly with republicans. Something else i here going on. Thats right. Internal Family Fights are rough. The House Republicans are meeting to hear from liz cheney. Many republicans want her slipped from her leadership post. She voted to impeach former president trump. Th Marjorie Taylor green off of the Education Committee. Republicans are weary of that. The action the majority is taking raising questions that have nothing to do with congressman green. This hearing is premature and should be adjudicated by the ethics committee. Republican Florida Senate eric scott says green suggesting that the 2018 Parkland Shooting is a hoax is disgusting. Other republicans question green, too. Antisemitism, School Shootings werent real. She runs the gamut. The idea that forest fires are started by jewish lasers. Its so far out there. Makes me wonder how she got elected. The house will vote to oust green tomorrow. Republicans are returning the favor. They have an amendment to remove democratic minnesota congresswoman ilhan omar from her Committee Assignments. Republicans will be on the record today voting to support green or throw her overboard. Neil . Neil seems like it takes awhile to penetrate my school. But liz cheney could be punished for voting her conscious on this impeachment thing. But Margie Taylor green could not on the crazy stuff that she said. Something unside down about this. Thats the problem that some republicans when you talk to them privately express. That very scenario will come to play here. This is why steny hoyer from the House Majority tried to get an treatment with Kevin Mccarthy to work something out. Were told that the suggestion was that they would try to move green to another committee. The democrats main beef here is that green was on the Education Committee and questioned the voracity at sandy hook and parkland. Neil wow. We live in interesting times, my friend. Chad pergram. No sooner does she get approved of the Treasury Secretary of the United States, janet yellen is looking at gamestop and other players and hoping to rally around the top economic officials. When all is said and done, the chairman of the federal and reserve and more. The question is what do we do about this. The better question, why do anything about this after this. At heinz, every ketchup starts with our same tomatoes. But not every tomato ends in the same kind of heinz ketchup. Because you cant be everyones Favorite Ketchup Without Making A ketchup for everyone. Limu emu doug becauhey limu nt be everyones favorite ketchup [ squawks ] how great is it that we get to tell everybody how Liberty Mutual customizes your Car Insurance so you only pay for what you need . I mean it. Oh, sorry. [ laughter ] woops [ laughter ] oh, good evening meow nope. Oh. What . Im an emu ah ha ha. No, buddy buddy, its a filter only pay for what you need. Liberty, liberty, liberty, liberty. If you have. Moderate to severe psoriasis,. Little things. Can become your big moment. Thats why theres otezla. Otezla is not a cream. Its a pill that treats Plaque Psoriasis differently. With otezla, 75 clearer skin is achievable. Dont use if youre allergic to otezla. It may cause severe diarrhea,. Nausea or vomiting. Otezla is associated with an increased risk of depression. Tell your doctor if you have a history of depression or suicidal thoughts. Or if these feelings develop. Some people taking otezla reported weight loss. Your doctor should monitor your weight and may stop treatment. Upper respiratory tract infection and. Headache may occur. Tell your doctor about your medicines, and if youre pregnant or planning to be. Otezla. Show more of you. Man whats my safelite story . And if youre pregnant i spend a lot of time in my truck. Its my livelihood. Rock music man so im not taking any chances when something happens to it. So when my windshield cracked. My friend recommended safelite autoglass. They came right to me, with Expert Service where i needed it. Rock music man thats service i can trust. No matter what im hauling. Right, girl . Singers safelite repair, safelite replace. She believes the integrity of market is important and asked whether recent activities are consistent with Investor Protection and fair and efficient markets. Neil all right. That is the administrations way of saying weve got our eye on the ball here but what we dont know is janet yellen when she talks to the heads of Money Agencies from the Federal Reserve to the securities and exchange commissions, you name it, will they come up with a plan to beat down what has been an epic Battle Royale between those that want to short stocks and those that counter their lows to others. Gary, your biggest concern is the government sticking their nose in things, right . Yeah. The concern is people that have taken rates to 0 , distorting prices and talking about how they need to have efficient markets. Thats for me a comedy act. If they do too much, that would not be good for the markets. The markets are already in the trees. I hate to put it this way but it worked out like it should. People that decided to buy game stop at 480, when it was 20, you lose money. The people that decided to short a stop that was 150 short, any time of movement up will cause short switchings. Its not just gamestop. Its others. It worked itself out. People are coming back to earth. Hopefully people will keep their feet on the ground now and learned their lesson. If there was collusion, if they find chicanery, do thinking about it. Let the markets be. Neil having said that, theres a new Cottage Industry where people are saying or i missed out on the teslas and the amazons and the apple. Let me scour this new list of undervalued possibilities like these stocks that are shorted and thats what got the attention on the game stops and amcs, american airlines, that they were heavily shorted and discounted and these guys tried to counter that. I keep seeing it applied to other areas. Looking at the biotech and drug industry. Im wondering if this devil will squeeze the juice for all the lemon out of it . If this will go from sector to sector and stock to stock and it could get reckless. Markets are about investors and traders looking at valuations and also looking at oh, look at this. Theres 100 short on this and the stock is acting well, the group is acting well. Thats what its going to get on. Weve seen that. Weve seen bed, bath and beyond sky rocket. Blackberry sky rocket. Bioteches. This is a Cottage Industry right now but they all better learn a lesson because in the end, no matter what, valuation will matter and the stocks will go back to where they came from. Tootsie roll is now back down lower than where it was before they squeezed it for like 90 of the upside. So buyer beware. Be very careful. When the music stops, there wont be any chairs left. I think gamestop will go back to 20. Be very careful. Best advice i can give. Neil thanks, gary. Gary calphon. Symptoms can intervene to a severe degree. In south korea, they have continued a freeze open all short selling. All betting on stocks tanking or going down to control that market. It happens and its happened periodically in ours. Careful what you wish for. Meantime, you know, everything was going just dandy with amazon trading today. Seems like traders were reassessing, wait a minute. Jeff bezos is not going to be running this company day to day. In the end, a very rich stock sliding 2 , people are asking, what happens now . After this. Dad, im scared. Its only human to care for those we love. And also help light their way. 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