unpredictable, if greece goes it could be a domino effect. so, the big question: can greece do that? will they get the bailout senate order of the day, we hear more and more perhaps an orderly default for greece to take that threat off of the table. neil: do you ever sleep? reporter: in. neil: nonstop, young man. thank you, ashley webster. and now the she down after the . shut down to be? the senate fed voting to block a bill that would have prevented a government shut down. democrats are upset with the plan to strip out green loan likes to pay for this disaster relief aid. caught not middle of this game of chicken, well, us. with us now, ohio republican governor and the form house budget chief, john kasich. you have seen this play out before. what do you think happens now? guest: they will figure it
what ben bernanke said yesterday was exactly what the market expected him to say, we know things are weak, we know europe is a severe issue. him saying it even though they knew he was going to say it makes people more worried looking for something to hold on to and a little bit of hope. most people say this is a dramatic sell-off and you might see stabilization. that isn t the same thing as saying we aren t in a real economic problem, we know we are. it seems the markets are underwhelmed by the feds latest move to kick start the economy. is there anything they can do? certainly not the fed. the fed has been deluging the economy with money the last three years. this idea of more purchases and government bonds ben bernanke announced yesterday i m not so sure they had a very calming effect. erin is right. and the president s speech wasn t very helpful. monday, the president announced a trillion and a half-dollar tax increase in 2013, 14, 15 months away. that was a very beari
for the wall street journal and david gergen. what was behind the selloff, er? i was talking to a few investors today what ben bernanke said yesterday, anderson what is the market expected him to same we know things are weak we know europe is a very severe issue but him saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stablization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmeded by the fed s latest moves to kick start the economisome there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases
what ben bernanke said yesterday was exactly what the market expected him to say, we know things are weak, we know europe is a severe issue. him saying it even though they knew he was going to say it makes people more worried looking for something to hold on to and a little bit of hope. most people say this is a dramatic sell-off and you might see stabilization. that isn t the same thing as saying we aren t in a real economic problem, we know we are. it seems the markets are underwhelmed by the feds latest move to kick start the economy. is there anything they can do? certainly not the fed. the fed has been deluging the economy with money the last three years. this idea of more purchases and government bonds ben bernanke announced yesterday i m not so sure they had a very calming effect. erin is right. and the president s speech wasn t very helpful. monday, the president announced a trillion and a half-dollar tax increase in 2013, 14, 15 months away. that was a very beari
saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stabilization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmed by the by the fed s latest moves to kick start the economy. is there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases of government bonds by the fed, which is what ben bernanke announced yesterday, i m not sure sure they had a very camel effect. i think erin is right. i think the president s message this week wasn t very helpful. as you know, anderson, on monday, the president announc