Lets hear it. [applause] hello everyone how are you ladies and gentlemen we are gathered here in this great sovereign state to talk about the faith of the countrys banks, the Federal Reserve. We hope to discover whether the Federal Reserve kept its promise to provide a healthy economy system, full employment, stable and a lender of last resort or is it responsible for the series of the banking crisis and loss of purchasing power of the inflation in average citizen is this economy more stable or is it less stable because of the existence and did and did the fed exacerbate the crisis of 2008 or keep it from getting worse . Are we better off without the fed and if so what shall we replace it with, shall we go back to the classical standard of gold, and can i have been a plus for the classical Gold Standard . [applause] we hope to find out the answers to this most important issue and representing the defense today professor is the cofounder and coeditor of the american prospect magazine an
Moments of the president ial campai campaign. Plus the most intriguing people of 2012. Find out who they are and why they landed on the list. Your money starts right now. Martin, thank you very much. What a colossal waste of time. Down to the wire, waiting for breaking news out of washington on a matter that has no business being breaking news. This was an entirely anticipated crisis, one that is completely of washingtons creation, even at this late moment, washington still ready to gamble with your Economic Future instead of conceding some ground to conclude a deal that possibly saves it. Im ali velshi. This is your money, a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. Were now at the last minute. And the American People are not going to have any patience for a politically selfinflicted wound to our economy. Not right now. Alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible
Nowhere she is a passionate articulate defender of conservative values and shes also been one of still lives policy institutes most popular speakers from many years and shes been speaking in the mentoring young women that we work with for decades and she has helped me out so many times at the institute, hall to the institute out so many times. The american conservative calendars with very different this year not only with beautiful women but beautiful seems of america and from march of 2013 and the quote on her page courage is the latter on which all other virtues mount. Other great ladies have spoken about courage as well with it. Cade is to be talking about how despite the claims of unity when the west is dividing america with the radical policies. Just earlier this week on cnbc she appears many times on radio shows and speaks of the country and and the clare booth policy loosens to do we are honored to have cade as a member of the board of directors when. She works for the conservat
Also at all time levels. Nasdaq composite at 13year high, at 3,578. Dow saving fire works for july. Bob pisani, which led to todays record . A lot of people said, gee, mr. Bernanke didnt say anything different after the close. Maria, a lot of people think he must have said something different. I will try to give you the simple version. The highly accommodated comment that bernanke made essentially took the edge off of the tapered talk and fear off of the taper talk. Tapering can still occur. Everybody realizes that fed remains highly accommodative near a 0 Interest Rate policy. And i think thats the way it understand it. Look at companies and sectors that have had the stuffing knocked out of them recently, all rallying today. Interest rates sense tifs, these are a mess for the whole month there with big movers. Take a look at dow intraday. This is a Straight Line and move again. Highs of the day just prior to 3 00 eastern time. A lot of that is because tech stocks have been up all day.
The u. S. Takes more action in that country, and then the fears subsided, and a bad jobs report interpreted as good news for stocks, because investors think perhaps it will mean the fed wont taper later this month. But is that the right bet . Well hit all of the important questions from all sides. So just how bad was that jobs report . We are going to be talking with the former top economic aide to the white house, christina roma with us, and the battle for the Federal Reserve seat is heating up. Well talk with her. She worked with Larry Summers in the early days of the obama administration. Why are so many people dead set against it . And the president is set to address the nation prime time on tuesday, making the case for military action on syria. Well get reaction from William Cohen. In the markets right now, lets look at where we stand. Theres a good rally under way. As you can see, we are off of the worst levels of the day, which happened at the hope. Were now showing you a gain o