wow! why? bottom line is this, good news on a potential bailout for banks in europe. leaders are pledging to unveil a debt crisis solution this month. governments on both sides are really at the core of the roller coaster ride and the pain we felt over the past few months. government is a big part of why stocks are down 12% from the highs earlier this year. losses that hit every ira and 401(k) in this country. several things need to happen and absolutely can happen to fix the problem. it is so fixable. european leaders have to follow-through this a debt solution. and here in the u.s., if we stop acting like ds and rs and fighting against each other and start working for the country, it would be better. it s really all about confidence. it s that simple. the economy boils down to it. it will be better than today and the american system works. that will help hiring and hiring means more taxes. there is an amazing statistic we pulled for you. 40% of the deficit will go away. tha
we have a little bit of a ray of sunshine, the dow was up 330 points today, nearly 3%, that actually makes the first six trading days of october the best in 19 years. wow! why? bottom line is this, good news on a potential bailout for banks in europe. leaders are pledging to unveil a debt crisis solution this month. governments on both sides are really at the core of the roller coaster ride and the pain we felt over the past few months. government is a big part of why stocks are down 12% from the highs earlier this year. losses that hit every ira and 401(k) in this country. several things need to happen and absolutely can happen to fix the problem. it is so fixable. european leaders have to follow-through this a debt solution. and here in the u.s., if we stop acting like ds and rs and fighting against each other and start working for the country, it would be better. it s really all about confidence. it s that simple. the economy boils down to it. it will be better than today
that actually makes the first six trading days the best in 19 years. why? the bottom shrine good news in a bailout for banks in europe. leaders are pledging to unveil a debt crisis solution for this month. governments on both sides are really at the core of the roller coaster ride and the pain we felt over the past few months. government is a big part of why stocks are down 12% from the highs earlier this year. several things need to happen and absolutely can happen to fix the problem. it is so fixable. european leaders have to follow-through this a debt solution. dpng it stops acting like ds and rs against each other and started fighting for the country, it would get better. it s really all about confidence. it s that simple. the economy boils down to it. it will be better than today and the american system works. that will help hiring and hiring means more taxes. there is an amazing statistic we pulled for you. 40% of the deficit will go away. that is because of increasing
cause this is fluid and moving at every minute here. no question about that. he may say on the floor of the senate, we ve been told that he would like the bill that he has crafted about a debt solution, he would like that to be passed through on 51 votes rather than 60 votes. senator mcconnell has resisted that so far. so if he asks for that once again, we don t expect the republicans to jump. so the question is, where do we go from here? the president had a meeting with his party s leaders. it s not clear if he will meet with republican leaders. we know he s been on the phone with them. so it s not clear if we re closer to a deal or not. but the parties disagree on that as well. arthel: indeed. mike, thank you very much for keeping us up to minute on this ever changing story. president obama taking his case to the american people this morning, using his weekly address to stress the urgency of reaching a bipartisan debt deal
that s what i was talking about cause this is fluid and moving at every minute here. no question about that. he may say on the floor of the senate, we ve been told that he would like the bill that he has crafted about a debt solution, he would like that to be passed through on 51 votes rather than 60 votes. senator mcconnell has resisted that so far. so if he asks for that once again, we don t expect the republicans to jump. so the question is, where do we go from here? the president had a meeting with his party s leaders. it s not clear if he will meet with republican leaders. we know he s been on the phone with them. so it s not clear if we re closer to a deal or not. but the parties disagree on that as well. arthel: indeed. mike, thank you very much for keeping us up to minute on this ever changing story. president obama taking his case to the american people this morning, using his weekly address to stress the urgency of