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From the stereotype. there are thousands of supporters now. >> just to be cynical, one thing that the war on drugs is actually a huge driver of the expansion of the state. if you look at three strike laws in california they were advocating by the correctional union, people who work in the prison system. when you expand the prison system it creates dmik opportunity. if you look at new york state there are seven neighbored hoods in new york city that sort of, you know, generate the vast majority of prisoners. these prisons are located in rural districts in upstate and those are counted when you ...

The uncertainty in washington that's taking place there is causing job creators not to hire people and spend on their businesses. that's bottom line. i mean, it's clearly evident out there in the system so no one right now is confident in spending in business until washington gets what they're doing in order there. >> even if they do something like spend more? >> you know, we're also seeing this -- we're also seeing this crowding out effect that we talk about with huge deficits and debt. it's very real when banks can borrow money from the federal reserve for 25 basis points and then invest in ...

That's 'cause the engine is going to seize. that's what we have to worry about. the business cycle is doing what it normally does. let's let it do it and cut back spending so we continue to grow the next six months. >> that's the problem with printing the money which is essentially what we're doing. >> i'll tell you the analogy my friend mentioned is good. why, interest rates, where are they, my friends? is this greece. >> no, great britain, no, lowest taxes since 1950. what does it tell us, there is no crowding out effect on capital markets due to debt yet. >> yet. >> the point is we are he n...