Page 21 - John Tandy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By the way, i would love one of our panelists, any one of them, to tell the audience when in our history a piece of legislation, major piece of legislation, a signature piece of legislation for any president was held like this and he was -- if he didn't do away with his own signature legislation, they were going to close the government? >> david: signature legislation, by the way, that was carried through with the nuclear option, something that affected one-sixth of the economy. didn't have a single republican vote. >> by the way, the country doesn't want them to defund. >> david: john tandy, ...

0 by the way, i would love one of our panelists, any one of them, to tell the audience when in our history a piece of legislation, major piece of legislation, a signature piece of legislation for any president was held like this and he was -- if he didn't do away with his own signature legislation, they were going to close the government? >> david: signature legislation, by the way, that was carried through with the nuclear option, something that affected one-sixth of the economy. didn't have a single republican vote. >> by the way, the country doesn't want them to defund. >> david: john tandy...

If the fed wasn't holding it back how much higher would it be? fed is the problem. >> older folks who are afraid to play the stock market don't have anything to do with money. now you put it in a bank account and you lose money because of inflation. >> you need a microsoft to look at returns. they are so small. to john's point, if the money is away it will get devalued because the value is dropping. it will get hurt. that is changing the number of ounces in a pound when the dollar is hurt. fed is in state of emergency. economic hype con dryiac. they are -- hypochondriac. but i'm not sure that ...

Fiction thinking on part of a poor city that taxpayers will have to foot the bill for the bad policy. democrats rejected this idea in congress. a lot of democrats said no, don't do it. you know why? litigation lawsuits are going to hit this city. also, banks will never lend to anyone in that city again because of the really bad policy. >> john, we were talking before about what america perceived as. self-perceptions are important. the people who aren't paying the bills are rewarded. >> it tells the irresponsible buy a house you can't afford because you'll be subsidized by prudent who don't buy...

rick are we becoming too dependent? >> this is a national tragedy for the blue collar employees. the core problem is we have a tax and regulatory structure punishing employers hiring blue collar workers. chevron is taxed at a federal and state combined rate of almost 44%. meanwhile, 30 miles away in silicon valley, google and apple with very few blue collar laborers, google is taxed at 10% combined and a it at 15%. there is a disparity right now that is great if you're a white collar skilled laborer in the economy but horrible if you're blue collar. i don't think the federal governme...