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Jeff bazos, bill gates and warren buffets. they've made no secret of their contempt for this president. what does that tell you? are you they going to be putting up money to go against this president? >> i hope they do. this is the first wave of it. >> michael bloomberg is putting all this money, $80 million sounds like a lot to me, but it's obviously a small fraction of his fortune. but i think it will make a big difference in getting democrats elected i hope in the fall. if other billionaires want to join that party, think it's great. i think, ceos are beginning to stand up for what's right ...

Warren buffets. they've made no secret of their contempt for this president. what does that tell you? are you they going to be putting up money to go against this president? >> michael bloomberg is putting all this money, but i think it will make a big dir difference in getting democrats elected i hope in the fall. if other billionaires want to join that party, think it's great. i think, ceos are beginning to stand up for what's right in this country. it's long overdue. we can't allow this person who michael bloomberg described as a con man to hijack our country. >> what's interesting, though,...

>> weave come out of survival mode economically. we're back in the growth mode that made america the greatest country in the world. i'm predicting you're going to see greater household formation, people are going to get married, have children, you're going to see more entrepreneurship especially among young people. you're going to see a lot of things that used to be common place in this country. you're going to see it come back. i don't know how they're going to spin it but it's going to happen. >> people that got a tax cut, if they don't want the tax cut they can voluntarily give the money ba...

Hard to push blame for a drop like what we're seeing today on to other people. >> shepard: which is the reason given by previous presidents, previous administrations for keeping their noses out of it. >> exactly right. what is interesting, every time the market has gone down the past several years, people looked at it as a buying opportunity. i can jump in now. this is the first time in quite a while that we've seen no one buying on the dip. that dip is a fall. you know, again, you have the warren buffets. this is their kind of environment. when everybody else is screaming, he comes in and get...

But make it flat to make it fair. you hear people say, well i want it fair. they really do, but they cannot tell you what a fair share is. you give them the numbers about the top 1 percent making 13 percent of the money and paying 39 percent of the taxes their eyes gloss over. but if you say would it be fair if everybody paid the same rate acrosses the board? they go, yeah, that sounds fair. americans are ready for it. >> i am skeptical. i think most americans would say baurn bu warren buffet has millions of dollars. he should pay more than i do. >> that is right. he should pay more. >> a high...