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Oil right here into the new york harbor. of course, oil makes diesel, but ever since the war in ukraine, president biden said we would no longer be bringing russian energy sources into the united states. that's pushing prices higher. and new york harbor is critical to the mid atlantic region. there's newark airport across the river. rail lines, roadways, and so when you don't have as much diesel coming in, you don't have as much going out, and the trickledown effect is that ends up with the consumers' bottom line being affected. >> it's not what we want to hear, but now we know at least why th...

A trickledown effect. >> yeah. >> it doesn't seem to be there anymore. >> we had that story what's good for gm is good for america. it's just not true. in the '70s growth to the american in the middle no longer relates to growth for the aggregate. gdp numbers do not translate. >> so that's why workers are frustrated. that's why people say i don't like these free trade deals. i'm glad they're good for you and corporate profitability and gdp growth. your book aez it was the financial system imploded it was the markets themselves that needed governing by state action on a gigantic stale. and that...

Republicans around an option that they can feel good about? i think the president helped him out and it would have been a huge blow to the party's morale and to the turnout efforts if they didn't have somebody running at the top of the ticket. so the california governor's race is a governor's race, but having a actual funded and functioning republi camign at the top of the ticket which i do think the president helped cause does have a trickledown effect into the turnout of the house races and can the republicans fight off the races and i think there are seven or eight districts that republican...

Compromise, claiming he will protect social security and medicare. but this is not the same mourdock who defeetated richard lugar in the primary. are richard lugar and others paying their price for the extremism? >> i would add to what sam said, part of the aftermath of 47%-gate. it's tough to make the argument you're best on the economy when you think you should only be working for half of the people on the economy, right? that's how the comments were percei perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we hav...

>> what about this new report which claims that are fewer millionaires in the u.s.? and what is it about that and why should those of us who aren't millionaires care? >> well, this definitely puts the redistribution of wealth concept out to a global level because there's a report that was out this week from the boston consulting group showing that in 2011 we saw about 129,000 former millionaires lost enough money that they're no longer of the millionaire status. but those -- the biggest reason for that is actually stock market. the rocky performance of the stock market in the last couple of ye...