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Year, but the thing to keep in mind is this is the worst recovery from the severe recession in american history so we re like a car going 80, perhaps too fast and screeching halt. now we re up to about 30, 35 miles per hour, nice to be moving, but not nearly what we could be doing if washington got out of the way. is that the problem? is it because washington has messed up? i mean, why is the recovery so slow? you said it s the lowest recovery we ve had, why? several things, one is the weak dollar, you trash the dollar you get a weak recovery, we should have run that from the 1970 s, uncertainty about taxes not just getting the tax bill finally out of the way, but also as you know on health care, massive new taxes are coming in and crush small businesses and gets to regulation which are going to be really burdensome for small businesses and then you have their attempt on financial reform, which is put uncertainty in the financial system, and you have to the binge spending and put t ....
Unfortunately we didn t hold our ground. mark: we ve signed up to spendaholics anonymous starting in january but you have a month of binge spending until you get there. what is it that republicans didn t hear on november 2nd? i think they heard. i think they heard the message. and they have a plan in place where we are going to go january 5th. with the pressure come going the white house in the senate. the senate is that other mix of body that you have to scratch your head on and say what are they thinking whether democrats or republicans are in control. once it came out of that it came into our house where speaker pelosi had the votes do anything she wanted on all bills whether it was on spending, don t ask, don t tell on any of those issues, once it got to the house it could go through without any of us stopping it. mark: right. but if you look at the way ....
N.january. this is like saying we ve signed you up to spendaholics but there is a month of binge spending until you get there. what is it that they didn t hear on this necessarily? i think they heard. i think they heard a message and with the pressure coming into white house and senate senate is a mix of body over there have you to say what are they thinking a lot of the times? there is once it came out that have speaker pelosi had a vote to do anything she wanted to on the bills. and so this could go through without any of us stopping it. if you look at the way the weeks have gone there was a ....
Seeing debt and deficit being a huge issue for them. we saw the video in greece and the protest on the street. arlene had a great yes, she asked, mr. forbes how far into debt does america have to be before it s insolvent? what would you say? i think the key thing is, we could if we had a world war for example we could take on a lot more debt to defend ourselves. what is hurting america is not just the binge spending but also these massive taxes, massive regulations which are hurting future growth and hurting the creation of new businesses where future growth is going to come from. so i think not just focusing on the debt per se, but on the tax burden, on the government taking over the economy, via regulation, we see it with healthcare, we see it with the financial system, they are going to try it elsewhere, we have a fight on all fronts, spending, taxes, regulation. that battle is beginning, when the new congress comes in, that s why i m optimistic about ....
Its feet. so if we stop the binge spending, trashing the dollar, suspend obamacare for, say, 100 years, you would see this economy come back pretty quick. martha: it comes down to what the dynamic is that makes that trigger, though, and i know you can argue the saving graces of capitalism and lowering tax and the like, to stimulate the economy. but do we need more than that? i mean, look at the housing market. we have a tremendous amount of inventory out there and not a lot moving. well, that, again, is the government mucking up the markets, fannie and freddie, intervening in the mortgage market, lenders, most of them can make a distinction between people having trouble because they are temporarily unemployed, and those who made no downpayments shouldn t have been in houses in the first place. so unless you make those distinctions, housing is going to be under a real cloud, but as soon as the government gets out of the way there, you re going to see in two years, martha, and i ll pre ....