near bankruptcy was not enough to calm terrified investors that the next disasterer is around the corner. banks are hoarding cash, reluctant to lend to each other. banks are reluctant to lend for cars, homes making wall street s main issue, potentially putting economic recovery even further out of reach. the markets are freezing. the whole american economy is built on the ability to lend and borrow and to invest, and all of the sudden, companies throughout the country who borrow because they re buying equipment, they need to make payroll, they can t borrow. millions of people start losing their jobs. the economy is sinking, and we re close to a depression. forget the recession. it wasn t just a lost job, it was a lost job and am i going to have a bank to go to get my retirement from. where am i going to deposit a check? ben bernanke and hank paulson were really concerned about whether or not people would be able to go to an atm. treasure secretary paulson
journalist jamal hkhashoggi is dead but president trump makes it clear the united states relationship with saudi arabia is not. the president could not be more clear there is a price tag for the united states to look the other way. they re investing billions of dollars. their buying equipment from us. and remember this. they don t have to buy from us. they can buy it from russia and from china. well, the price tag according to the president is $450 billion. $110 billion in weapons. but wait. there s more. the president says it will create hundreds of thousands of jobs. we have hundreds of thousands of jobs. do people really want me to give up hundreds of thousands of jobs? wait. there is still more. the president also says because of this good relationship oil is cheap, which means gas prices are cheaper, which he says is like a tax cut for americans. we want low oil prices, and
approval for this money which makes it sound like the military really needed a bump. $17 billion which the president signed yesterday, very happy about this, military members themselves, 2.6% pay raise which in the largest they had in ten years and the second is the defense contractors down the road in northern virginia, a lot of money to be spent buying equipment as well. three big themes are important to note. the first is rebuilding the defense infrastructure, that there was some neglect in the past administration and resources allocated to rebuild that after looking at 77 joint strike fighters, looking at 13 new ships for the navy to
banks are hoarding cash reluctant to lend to each other. they are nervous about giving out loans making wall street s troubles a main street issue putting economic recovery even further out of reach. the markets are freezing. the whole american economy is built on the ability to lend and borrow and to invest and. all of a sudden companies throughout the country who borrow because they are buying equipment, they need to make payroll can t borrow. millions of people start lose ing their jobs. the economy is shaken and we re close to a depression. forget the recession. it wasn t just a lost job. it was a lost job and am i going to have a bank to go to to get my retirement from. where am i going to deposit a check? hank paulson was concerned about whether or not people would be able to go to an atm. the treasury secretary says a bailout is the only way to
that was farmers and other equipment makers and the like rushing their orders to china and elsewhere around the world ahead of tariffs. some of that that export number, is that sustainable? that briefcase on your screen there, this is the number i m actually most excited about. you have tax cuts and deregulation that have really fuelled confidence among businesses. they are building factories. they are buying technology, they are buying equipment. that s a number, if it s sustainable, that could be exciting for the economy overall. the president here is saying these numbers are sustainable. that s what our economists have been arguing about all morning. he had his entire economic team around him. steve moore, he had steve mnuchin, his budget director, he had the vice-president next to him. he wants this to be the most important message to the american people right now, amid a week of huge controversy for this president. we know that americans vote largely on the economy. this is a