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CNNW Piers Morgan Tonight August 11, 2011

we have to lower those taxes. i don t think the president will win it. why is congress still on vacation? and a guy who has a lot to say about this economy and this country, trace atkins, tv personality and all-american guy. this is piers morgan tonight. good evening. it s been another bad night on wall street. the dow closing 520 points totally erasing all of yesterday s gains. asian markets reacting as i speak to the plunge. europe will follow in a few hours. is market turmoil the new normal and what can you do to keep your money safe? joining us is leigh gallagher, ali velshi and kai ryssdal, and carmen wong ulrich. we ve seen record fall, record rises and record falls again. yet again i ask you, what the hell is going on? every day i get up very early. every day i think maybe piers can just run my answer from the night before. unfortunately every day it s a different reason. last week it was italy. on monday it was the s&p downgrade. then tuesday the marke ....

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CNNW Piers Morgan Tonight August 11, 2011

this is piers morgan tonight. good evening. it s been another bad night on wall street. the dow closing 520 points totally erasing all of yesterday s gains. asian markets reacting as i speak to the plunge. europe will follow in a few hours. is market turmoil the new normal and what can you do to keep your money safe? joining us is leigh gallagher, ali velshi and kai ryssdal, and carmen wong ulrich. we ve seen record fall, record rises and record falls again. yet again i ask you, what the hell is going on? every day i get up very early. every day i think maybe piers can just run my answer from the night before. unfortunately every day it s a different reason. last week it was italy. on monday it was the s&p downgrade. then tuesday the market was up so i did actually go to sleep early and then today it s france of all things. these are catalysts. we re such a jittery market that any little thing sets it off. today it was rumor that france might get its credit rating d ....

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Detailed text transcripts for TV channel - MSNBC - 20110801:03:16:00

American people, but that is what i would say yeah, but you are the expert inside of the white house. well, i can speak to this that most americans believe that the president has tried to tackle tough problems and i think that they are clear that here is a president who is willing to do some tough things that we took criticism from his own party on. so he has walked the walk on the solving of the deficit and someone who siis willing to compromise. and in the speech last friday asked the american people to reach out to congress and through tweets and calls and demand a compromise, and the reaction was overwhelming. i think that people are very frustrated, and they want the leaders obviously to have strong principles, but at the end of the day as they go through the struggles in their everyday life they can t have the leaders engaged in a three-ring circus. does it open up a third party or not? well, listen, that is up to the american people. what i am confident in is that the ....

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Detailed text transcripts for TV channel - MSNBC - 20110728:16:52:00

We have been talking online today about all the warnings coming to congress from big banks, governors of states, the list goes on and on. what will it take for congress to act, says a tweet, when the big contributors say the money spigot will be turned off if they don t. a 10% drop in the stock market should be a wake-up call to congress that it s time to stop fighting and start solving. dean posts all bets are off. when congress approves a budget that requires borrowing and then out of spite refuses to approve that borrowing, who knows what will happen next. on the floor right now, we have seen senator reid saying the senate is going to move to take up the boehner bill right away if it passes tonight. there s a vote tonight at 6:15 in the house. but senator reid says it will be defeated in the senate. so this allows him to take the boehner bill to deal with it quickly, because you know, he could have tried to table it but in this case, he says he will deal with it, but he says it s ....

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Detailed text transcripts for TV channel - MSNBC - 20110728:16:52:00

We have been talking online today about all the warnings coming to congress from big banks, governors of states, the list goes on and on. what will it take for congress to act, says a tweet, when the big contributors say the money spigot will be turned off if they don t. a 10% drop in the stock market should be a wake-up call to congress that it s time to stop fighting and start solving. dean posts all bets are off. when congress approves a budget that requires borrowing and then out of spite refuses to approve that borrowing, who knows what will happen next. on the floor right now, we have seen senator reid saying the senate is going to move to take up the boehner bill right away if it passes tonight. there s a vote tonight at 6:15 in the house. but senator reid says it will be defeated in the senate. so this allows him to take the boehner bill to deal with it quickly, because you know, he could have tried to table it but in this case, he says he will ....

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