eric said that the market fell how many points? 500 points this week. directly as a result of this debt debate. and i want to say that you ve taken hundreds of billions of dollars out of people s 401(k)s, their retirement funds, kids schools, and you can thank the tea party. absolutely not, bob. it has nothing to do with it. when the boehner plan was supposedly going to be voted on yesterday, then they tabled it, remember that, last night? yes. this morning we woke up, they were buying our treasuries, which means interest rates were going down. nothing to do with this debt talk that s driving the economy into the ground. tea party has replaced bush for the blame for everything now. have you noticed that? yeah. if the tea party wasn t around holding this thing up, do you think the markets would have gone up? can i point something out? obama passed joe biden with dealing with this situation back in the spring. they knew this was coming. they failed to act. the re
not kidding one bit. first of all, when i called d that, i told the producer to cut that piece of tape. you clearly don t get it. what s wrong? it s called debacle. the reality of the debt ceiling is to pay for bills that are coming due approved by congressing going back to one to the nixon administration, paying off bond interest on reagan s bills. bob, they want to raise the debt by the way, if all you wanted to do was pay off prior spending, raise it $200 or $300 billion. walk away. if you look at obama s spending projections for obama care, all this other stuff he s proposed, yes, he needs that debt ceiling raised so he can spend it on everything he s proposed already. look, i think this is has been so bad for this president.
by america who s dissatisfied, and he doesn t know how to respond. are we going to give him credit for a failure to lead? we hope he s going to come up with a plan that he s in charge that, he deserved the election, and he didn t do it. seems like when he brought up his healthcare bill up that was the american public that challenged him. bob, we re not in this because of the aaa credit rating, it s the fff credit grading from the white house. coming up, what this whole debt debacle is really doing to the financial markets. stay with us. we ll be right back.
give them credit for bringing this issue to the forefront of american politics i think they are wrong. i also have called them anarchists, and someone on the panel asked me if i would take it back. the answer is no. you know why? could wettest definition of anarchist. a person who rebels against any authority or ruling party or promotes anarchy. there s the answer to my question. the ruling powers in the house of representatives were john boehner and a vast majority of his own caucus. they rebelled against that. they wouldn t go along. they have rebelled and rebelled. i know elections have consequences, but i ll tell you something when the consequences begin to threaten the vast majority, then you become anarchists. bob, the mistake you re making, you re seeing the tea party as a recalcitrant group of evil people. i don t think they re evil. it s a bedrock principle about small government missing from the republican party,
representatives of the people of the united states to support this bill to support this process and end this crisis now. we re back now. let s summarize very quickly. this is the boehner bill that so mr. boehner i guess believes it s time, that he has the we should point out that you heard someobó hissing, noises in the background. apparently those were the democrats hissing at some of the comments. you heard the republicans clap very vehemently when he said for the democrats to put something on the table. bills, now it s your turn to put something on the table. bob, your thoughts. here s two bills. now it s the democrats turn.