John are you a victim . I am. I stutter my brother is smarter than i am. And i and deficient and social skills asked my coworkers. Don imus said that was socially awkward and i am right. He was right diet deficient if only i was more like a bill reilly. He doesnt care. I want to be like barack obama he is talented and charming and taller than me but he is black. He is a victim. You get where i am going. Everybody can be a victim there are real victims the mentally ill, and children neglected or abused, the people who must try to live on 1 a day. But something odd is going on the most successful country in the history of the world we spend 22 trillion on programs that promise to help those who need help pay yet more people than ever say i am a victim and lots of politicians say that is why i ran for office. And Hillary Clinton announced her campaign she said. I am running for everyone who has ever been knocked down. People working to with three jobs. Watching politics you would think am
Riss from areas that we could not fully vet . I agree. We cannot fully vet these people, theres not biometric data, theres not a courthouse in syria, theyve all been bombed out. Theres no way to actually vet these people. If you want to really help the refugees, understand this. Last year we brought in we relocated refugees. It cost us 1. 1 billion. 17,000 per refugee. Now, if you look at the United Nations website, last year was the highest year of displaced people in the world in history. 65. 3 million people. Now, compare that to 70,000. That is onetenth of 1 . 99. 9 are still out there. Were doing this just to make ourselves feel better about ourselves. Were not helping that many people. It is a multiple of the number of people we can help if we simply send that money overseas, help the refugee camps ask help them go into their existing countries around them instead of bringing them here. Right. Gary b. , let me ask you, what would a ban look like . Well, first of all, lauren, its
Riss from areas that we could not fully vet . I agree. We cannot fully vet these people, theres not biometric data, theres not a courthouse in syria, theyve all been bombed out. Theres no way to actually vet these people. If you want to really help the refugees, understand this. Last year we brought in we relocated refugees. It cost us 1. 1 billion. 17,000 per refugee. Now, if you look at the United Nations website, last year was the highest year of displaced people in the world in history. 65. 3 million people. Now, compare that to 70,000. That is onetenth of 1 . 99. 9 are still out there. Were doing this just to make ourselves feel better about ourselves. Were not helping that many people. It is a multiple of the number of people we can help if we simply send that money overseas, help the refugee camps ask help them go into their existing countries around them instead of bringing them here. Right. Gary b. , let me ask you, what would a ban look like . Well, first of all, lauren, its
You are going to be talking to your clients his week and early after the new year and telling them to reflect on what has been a difficult year even for longterm investors. What are you going to tell them . If you look at this year, we had two referendums, u. K. And italy which threw out two heads of state. We had 40 different elections. We had a huge election here in the united states. All sorts of concern and pressure on the market. Yet we are basically where strategists thought we would be at the independent of the year. We are up 10 . If you want to look at what happened in 2016, you have to look back to 2015. Oil prices and china drove 2015. We had a supply side correction. We had a lot of production primarily driven by opec and saudi not cutting. We saw a situation where oil prices dropped below 30. And we saw china initiate a hard landing. They cut back only corruption and lending. They let their currency devalue and that created an industrial recession spipt went through 2016 i
You are going to be talking to your clients his week and early after the new year and telling them to reflect on what has been a difficult year even for longterm investors. What are you going to tell them . If you look at this year, we had two referendums, u. K. And italy which threw out two heads of state. We had 40 different elections. We had a huge election here in the united states. All sorts of concern and pressure on the market. Yet we are basically where strategists thought we would be at the independent of the year. We are up 10 . If you want to look at what happened in 2016, you have to look back to 2015. Oil prices and china drove 2015. We had a supply side correction. We had a lot of production primarily driven by opec and saudi not cutting. We saw a situation where oil prices dropped below 30. And we saw china initiate a hard landing. They cut back only corruption and lending. They let their currency devalue and that created an industrial recession spipt went through 2016 i