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Their couch and can t see across the room. there s this sharp tick that goes straight upward like a mountain cliff. is that the 1980s? yeah. 1980s. and would you and other economists suggest that uptick upward happened because of tax cuts? did that happen because of an explosion of wealth across all sectors? what happened? all of the above. tax kuts, explosion of wealth, the stock market was very strong. remember it hit bottom in 1982 and went straight up from there. and more money was earned on capital than labolabor. the flattening plets go back to the charts that suggests a strong middle class. go back to the first chart please. see the flat. is that the effects of industrialization after world ....
Going to come to the white house, it s going to land on that white house desk like a thud. whose values and whose judgment do you want and leadership in that oval office at that desk at that moment in time? a person who said to detroit and was wrong, not just said, if we followed his path, we would have lost a million manufacturing jobs in this country. if we had followed his path on housing, where he said just let it hit bottom, we would be wrong. lot of people are refinancing today because of the decisions the president made so they can hold on to their home. i think at every place, you have a clear distinction, clear choice, different paths with different people, different interests in mind. that is the choice message. i should point out that s branford marsalis. you have the brother, but the sound, the dulcet sounds. i don t think anybody was going to blame you. but that s good correction. for being backwards. they ll blame me for saying yes on the first one. quick questi ....
Chance to refinance their mortgage and save $3,000 a year. we ve got low interest rates right now, but a lotç of folks are having trouble refinancing with their banks. we ve said to congress, let s go ahead and help them refinance, because that extra can you use an extra $3,000? and that means you re spending at restaurants and you re buying stuff at the store. you re buying some clothes, is that what you said? [ laughter ] but you re putting that money back into circulation. that s good for everybody. it s good for small businesses, it s good for large businesses. we ve already given thousands of families the chance to do this. my opponent, his plan for the housing market is to let it hit bottom. that s not a plan, that s a problem. that s not a solution. i m running because i believe that in america, nobody should go bankrupt because they get sick. ....
People you rely on to bring the voters your message actually agree with your message. romney said the foreclosure crisis, the answer was to let the whole thing run its course until it hit bottom. congressman joe hecht was trying to be a leading surrogate for the romney campaign. how do you feel, mr. hecht, on mr. romney s position on letting housing hit the bottom? mitt romney and i don t agree on every issue and certainly housing is it one of them. when you look at what s on in here in southern nevada, you can t say you got to let the housing market hit bottom. we have been bouncing along the bottom for years. and the fact is we ve got to do rg possible to one, keep people in their homes, and two, get people who r out of their homes back into their homes. mitt romney famously argued that ....
People you rely on to bring the voters your message actually agree with your message. romney said the foreclosure crisis, the answer was to let the whole thing run its course until it hit bottom. congressman joe hecht was trying to be a leading surrogate for the romney campaign. how do you feel, mr. hecht, on mr. romney s position on letting housing hit the bottom? mitt romney and i don t agree on every issue and certainly housing is it one of them. when you look at what s on in here in southern nevada, you can t say you got to let the housing market hit bottom. we have been bouncing along the bottom for years. ....