The widows, the elderly and the doctors on main street. A whole new address and a totally gift gambit. Thats how stocks reported high with the dow climbing 223 points, s p shooting up 2. 8 and the nasdaq soaring 2. 6 . The democrats have listened and addressed wall streets concerns about what happens to bondholders in the event of the treasury default. Oh, no, what would the big hotshot wall street bond owners do when their precious interest didnt get paid . The chinese, who own 1. 2 trillion back and forth of bonds get fed up with us and dump their holdings . Sell, sell, sell eventually causing Interest Rates to go higher. Ooh. Really scary. I was amazed this was the size of the debt ceiling ledger the democrats seemed to care about. Think about it. You imagine less sympathetic characters than the gangster bankers who took the bailout, lined their pockets and arent in jail. Dont we actually want to stiff those guys . [ buzzer ] or how about the chinese . Those rap patients capitalist
Points. The nasdaq declined. 77 largely because of apple, more on that later. Now, i am not dismissive of the negativity that see pretty much everywhere. Weve got a couple of real solid reasons to feel totally downbeat. First, i cant believe were still focusing on this washington thing. For five years weve had to keep one eye on washington, one eye on wall street. I remember whole tenyear stretches i didnt care what was happening down there. At the moment, we can barely focus on anything but washington. The whole u. S. Economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship thats been empirically measured to being the worst since 1860, the origins of the civil war. Lets hope it doesnt take out that particular benchmark. Were witnessing a titanic struggle between those who are willing to rise above politics, and compromise to cut spending and increase taxes. Yes, thats the actual compromise radical middle position as dave cote from honeywe
Course the fiscal cliff and negotiations, how are they going. How unpopular are the republics. Then we go to zero dark 30. Mccain and republicans are mad at the scenes in the movie. Theyre not your friend. Theyre not going to help you. Were going to break you. Any questions . Cenk damn, that sounds harsh. All right well talk about you fracking how the bankers got away with it. Finally should a transgender woman be allowed to play basketball in a Womans League . Interesting. Even though there might be a Million People telling them no, dont do it, follow your heart. We didnt think about her being a transsexual. Shes 67. Who doesnt want that . Well discuss the end of the world. Did it end in sydney . We will have a live shot. Its not only go tile. At the end of the show, well find out if its stop time. Go. [ theme ] cenk all right the whole crews here. Anna ben michael and we were discussing a little politics here in the beginning. First of all let me give you guys awesome poll. Is the go
Were going to talk about of course the fiscal cliff and negotiations, how are they going. How unpopular are the republics. Then we go to zero dark 30. Mccain and republicans are mad at the scenes in the movie. Theyre not your friend. Theyre not going to help you. Were going to break you. Any questions . Cenk damn, that sounds harsh. All right well talk about you fracking how the bankers got away with it. Finally should a transgender woman be allowed to play basketball in a Womans League . Interesting. Even though there might be a Million People telling them no, dont do it, follow your heart. We didnt think about her being a transsexual. Shes 67. Who doesnt want that . Well discuss the end of the world. Did it end in sydney . We will have a live shot. Its not only go tile. At the end of the show, well find out if its stop time. Go. [ theme ] cenk all right the whole crews here. Anna ben michael and we were discussing a little politics here in the beginning. First of all let me give you
Forbes, rich carlguard, elizabeth macdonald, sabrina safer, rick unger and john tamma tammany. John, is it hurting jobs or not . The secretarys comment is a reminder of how fraudulent the economics profession has become. The simple truth is obamacare is a huge cost for businesses. Thats going to reduce profits. Reduced profits means less investment which means lower job creation. Yodont need a ph. D. To state the obvious. This is common sense. Its anticapital formations and antijob creation. She said every economist. Weve spoken to economists who dont say that, even democratic economists admit theres going to be some job loss. I will agree with you that saying every economist is an overstatement. I know some who disagree with her. But two quick points. First, ill remind you two weeks ago, aol tried to pull a big change in their 401 k program blaming obamacare. Nobody bought it. It was a lie and they had to back off of it. A lot of compans are trying to blame obamacare when they want to