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Economic growth did take a hit, but then it went from 2.6% to 7.2%. that was at the beginning of the internet bubble. that said the economy then and the economy now is very different. we are barely growing as it is. >> job creation is awful and gdp is awful. it wouldn't take much to put us over the edge. we have one foot over the precipous already. >> it is has been no big deal to wall street basically. we have lost six out of the last seven trading sessions. >> but no huge loss. >> no, not at all. but what they are worried about is not so much the shutdown, but the fact that washington can't ...

That would be a small tax on all trades done by wall street. a lot of would reduce speculation on wall street which would be a good thing. those people trade like crazy it's a casino there on wall reet. right? we need to tamper that down. >> laura: when i hear the experts, david, i think of the same people that didn't know about the housing bubble, the internet bubble, who didn't, you know, tell us that 9/11 was going to happen. i think a lot of these experts are wrong and the people's common sense is usually better than what the experts predict. but i afreech united states it. always great to...

That would be a small tax on all trades done by wall street. a lot of experts think it would reduce speculation on wall street which would be a good thing. those people trade like crazy it's a casino there on wall street. right? we need to tamper that down. >> laura: when i hear the experts, david, i think of the same people that didn't know about the housing bubble, the internet bubble, who didn't, you know, tell us that 9/11 was going to happen. i think a lot of these experts are wrong and the people's common sense is usually better than what the experts predict. but i afreech united states ...

Financial transaction tax you have been talking about. that would be a small tax on all trades done by wall street. a lot of experts think it would reduce speculation on wall street which would be a good thing. those people trade like crazy it's a casino there on wall street. right? we need to tamper that down. >> laura: when i hear the experts, david, i think of the same people that didn't know about the housing bubble, the internet bubble, who didn't, you know, tell us that 9/11 was going to happen. i think a lot of these experts are wrong and the people's common sense is usually better than...

Down. that is another thing, consumers don't feel as confident as they would. if they don't they will not spend, that is the way you get the economy moving. >> heather: some who have been able to re-establish wealth, those that have been in the stock market but that only affects wealthier families? >> in your 401(k)'s which a lot of people have seen, they have eastbound a huge benefit, the s&p is up 14 percent this year alone, the fastest five-month to a start since 1997 during the internet bubble, so stocks primarily are the way that people are starting to feel more wealthy. home prices are c...