turn your tax refund into very big returns. charles, what do you got? silicon ware, they make any device you have faster, more reliable. i think it s going to continue to break out here. adam, what do you make of that pick? it s a classic high risk, high reward, way too volatile for my conservative investment tastes. what suits your tastes? van guard total index, that s the way to play the stock market consistently. i assume from that, ben, you like that pick? i love that pick a lot. that s a very sensible pick and i have to say adam is a quick learner. it s only taken him a few years for him to get this. what do you like, ben? b.a., boeing. even though there have been defense cut backs and problems with their airliners, this is an
exaggerated the effects of those cuts to try to scare people. and so on march 1, a unified republican caucus let the sequester cuts go into effect. were democrats surprised that they actually did? i think each side was surprised. the democrats felt the republicans would be so upset about the defense cut, they never let it happen and the republicans thought the democrats would be so concern about cuts to education and things like that that they would never let it happen. here it did. the sequester cuts only a small percentage of increases in federal spending. but that was still a huge accomplishment for small government conservatives. then december 10. democrat and republican negotiators agreed to set aside the sequester and increase spending. though they say their deal reduces the deficit. tea party groups howled. frankly, i just think that they ve lost all credibility.
the administration. did the republicans gain something here? i don t believe so. if anything, i think that chuck hagel is probably more determined than ever to carry out the wishes of the president and be a good adviser to the president. when you have republicans like john mccain suggesting that part of the reason they wanted to hold up his nomination for another 12 days or so is because they didn t like the fact that he was mean to president bush or didn t agree with president bush. i mean, that makes it very clear that most of those criticisms were pretty ridiculous and partisan and very personal and not substantive. there was an interesting article by ezra klein today in his blog. i don t know if you saw it. but it looked at the history of various wars and how much defense budgets were cut after these wars. they tend to be in the 30s and even 40% cuts whereas he says this defense cut by the sequester will be about 31%. how worried you about the way
expand? wow! andrea: my favorite is dnc communications director brad woodhouse tweeting throughout is the best looking contraction we have ever seen. that is the best case of diarrhea we have ever seen. dana: worst recovery in history. bob: why the wall street journal who i assume you like a lot said most is attrit to believe sandy? dana: did you read that editorial snod bob: i did. greg: sandy duncan? eric: deja vu. andrea: what do you think the contraction was caused by? bob: sandy an caused by a disruption in the christmas season. that dana: wait. what about the yesterday [ overtalk ] can i make a point. can i make a point? i want to make one point? they said it was defense cuts. eric: of course it was. dana: but defense cuts, the defense spending went down in q-3, not q-4. the defense cut was the white house s idea in the first place. the administration. they said they want more of
expand? wow! andrea: my favorite is dnc communications director brad woodhouse tweeting throughout is the best looking contraction we have ever seen. that is the best case of diarrhea we have ever seen. dana: worst recovery in history. bob: why the wall street journal who i assume you like a lot said most is attrit to believe sandy? dana: did you read that editorial snod bob: i did. greg: sandy duncan? eric: deja vu. andrea: what do you think the contraction was caused by? bob: sandy an caused by a disruption in the christmas season. that dana: wait. what about the yesterday [ overtalk ] can i make a point. can i make a point? i want to make one point? they said it was defense cuts. eric: of course it was. dana: but defense cuts, the defense spending went down in q-3, not q-4. the defense cut was the white house s idea in the first place. the administration. they said they want more of the same.