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Happen. why did you think that? >> it was the most telegraphed down grade and running around washington saying they were going to do that. you bind - kind of box yourself in a corner. if the deficit didn't cut four trillion and it is bad. and so the body language said they would do it i covered down grades, never before the u.s. being downgraded. just from that standpoint it blose me away. i studied economics way back when and the triple a rating was sacroscant. every economic model was based on the fact that we will not be downgrade we are the king of the hill and i would say it is a sad day....

If you are an average investors, i would not panic. keep that view and justt don't let . see what happens next week. i am bearish on the market because when i hear the president of the united states say i want to spur the economy throughh high speed raill ways and infrastructure banks, that makes my head spin. we tried it and it failed. >> mike: charlie, who are the people behind standard and poor's. i am not saying generically. they have a lott of influence. who elected them and where did they go to school and it is a neb lulse unseen glob of people and impacting the economy. what can we do t...

And maybe scary day in the markets and maybe a nonevent . the general consensus that stocks are going to trade off. they said one of the reasons we are downgrading we have a long deficit. your economy is stuck in the mud and no solutions coming out of the administration and what congress . s to do . i i talked to eric cantor and plugging the loop holes. is the president going to sign on to that? no. the fed could print mon yethat didn't work. >> mike: yap jap had a downgrade. >> their economy is in desperate shape for 15 years. maybe it hasn't affected the tock market. but i will tell you this...

Opened their checkbooks to give more to our ever responsible federal government so the fine folks party can bail out our government. i am sure that happened. let's get back, jack. cut the president some slack. his birthday gig might bring the economy back. that is my view. if you have one. go to mikehuckabee.comand click on the fox news feed back . be sure to sign up to follow me on wit twit or join my facebook page. so america's credit went from triple a to double a plus. how does that affect you in your family life. let's ask charlie gas perino. charlie, glad to have you back. >> don't you h...

Before you begin an aspirin regimen. [ mike ] listen to the doctor. take it seriously. the nascar nationwide series, [ mike ] listen to the doctor. i know pleasing fans is a top priority, 'cause without the fans, there'd be no nascar. just like if it weren't for customers, there'd be no nationwide. that's why they serve their customers' needs, not shareholder profits. because as a mutual, nationwide doesn't report to wall street, they report to their customers. and that's just one more reason why the earnhardt family has trusted nationwide for more than 30 years. nationwide is on your side.