Page 14 - Bubble Burst News Today : Breaking News, Live Updates & Top Stories | Vimarsana

But we get to a point now you can't go below 0. >> that's right. it's much harder to make stuff happen. it can't be just a narrow technocratic thing. ben bernanke -- >> who you compare let us say to chauncey gardener. >> he happened to make a speech in which it turned out to be almost verbatim the words of -- >> by the way, that's a reference to being there. if you haven't seen the movie, you need to see the movie. >> as long as the shocks aren't too big, that system works. but what we got was the mother of all shocks. an enormous housing bubble and buildup of consumer debt. and then when the ...

and this is "starting point." ♪ take me to new york i'd love to see l.a. ♪ >> that's a good way to start your morning. good morning, everybody. that on not on my play list. our panel this morning, ron brownste brownstein's with us, he's a cnn senior political analyst, editorial director at "national journal," will cain is with us, he's a columnist for the blaze.com and ben jones joins us this morning former obama white house special adviser has written a new book called "rebuild the dream." how is that for promoting your book? >> getting it out early. >> happy to help. happy to h...

fires, cars tipped over, a police officer shot at. the shooter still at large this morning. where's the ticket? from the first time we hear from a baltimore woman who says she's the megawilliamillions winner. she can't present the ticket. sarah palin going rogue hitting the ta"today" show the same day katie couric hosts "good morning america." >> biggest winner, first lady michelle obama opening up the oval office for a white house workout on the biggest loser show. we're asking, will the west wing help fatten up the show's ratings? we begin this morning at a small christian co...

To living standards. >> i would say the living standards, like you said that really matter to people's quality of life have gotten worse. they are much harder. >> what time period? >> over the last two, three decades, absolutely. the buying power of the average household has declined because a lot more is going toward housing. even after the bubble burst, a lot more to health care costs. it costs a lot more to send a kid to college today. so i think in terms of what it takes to have a decent quality of life -- and that is not gadgetry, you know? we have been passicified to buy cheap stuff and ...

>> bob: you say extorted. you're like greg making the banks free and clear on this. wounded people. >> dana: the other thing is, let's not kid ourselves. where do you think the $25 billion is coming from? all the consumers -- the people that are paying their bill. >> dana: i'm paying my mortgage. >> eric: guess what will happen, if the banks doesn't know if the government will break the deal. what will they do? >> bob: officials say the forces will go up. you know what banks run in the hast year when this was going on? foreclosures cost them more money. le negotiating a good deal. they will re...