We are asking if you think u. S. Senate has become a stepping stone to the white house. Would you prefer senators to stay in congress longer before running for a Higher Office . Does congress provided the right kind of experience . Democrats can call 20274880010. Republicans can call 2027488001. Independents, 2027488002. You can check us out on social media or email us. A very good Tuesday Morning to you. We are talking about the institution of congress, the United States senate and how it is being impacted by those members of that institution who are being talked about as possible president ial contenders. Here is how it was put in u. S. News and world report. There was a time when a u. S. Senator was a good job she notes in that column senator ted cruz, sender rand paul, marco rubio and talk about Elizabeth Warren. Whether the four senators in question are compared to be president its about what happens to the senate as an institution it brings up the topic we want to talk about this
Can Less Government lead to more proctivity . Productivity growth is a crucial but almost invisible element in our economic wellbeing, something we take for granted until it slows down. That happened in the 1970s. We had a blizzard of suggestions for dealing with productivity. How do we get more for less . With the help of analyst richard gill, well examine that question on economics usa. Im david schoumacher. Captioning made possible by the Annenberg Cpb project economists see the world in terms of supply and demand. Put simply, demand is the appetite to consume. Supply is the ability to produce. Productivity holds the supply side together. As long as productivity continues to improve, our standard of living continues to improve. This is the classic widget factory. This machine will put the stick in a deodorant tube. It if works, well have more deodorant and fewer hours of work putting tubes together. Thats productivity. American productivity has been an economic marvel of the industr
People bringing more money in. At least, finally, they are getting a little inflation on abenomics. In the u. S. No eco data. What are you going to do . Go home. Take it easy. Not much on the economic front. We have something else, the president has signed two more pills. He did this last night. Vacation in hawaii. One is the budget deal crafted by senators paul ryan and patty murray. The other cracks down on Sexual Assault in the military. Joe biden leaves for vacation today. They stagger their vacations. Like we do here at bloomberg. They stagger the vacations so one is always on duty. Bermuda or the bahamas . No adults in charge. You could argue that is always the case in washington. Obama is in hawaii. Thank you, trish. A data check. Going on. E lot markets overseas have been quiet. The friday, next week there is a holiday, nobody is at work. Who told us that only the third level junior traders are at work. And us. Theery light volume in futures market. Futures down. Towards ae hea
Tenyear yield would rise or fall. I hear him yelling from across the room. Fortunately, viewers, you cant. That bet was for something we would we looking at, Something Like 2. 87 . Where is it, joe . Go ahead. Turn on his microphone on. Noumber one, it watts the en of the session today. How are you going to bow to me if we wait until tend of the session snm i am not here next week. And youre talking about less than two basis points. A win is a win, baby. Thats a fifth of a point. Ill take it. My point was youve been practicing . Listen, i looked up today, theres a curb your enthusiasm episode. And i thought, you know what . Any curb your enthusiasm episode, you can probably get fired for even talking about it, but there is one where he wants to get a bow from someone and he see these guy give a 90 degree bow. The complete one, right . And he gets a 15 bow, which he finds out is dismissive. It is. And youre getting a 15 you are a welcher. No, im not. Here is your bow. Youre a sore loser
The crisis or a bad economy. They are the result. They are the result of it spent why should the government do less of two expand Social Security . They should do less loopholes for corporations and the very rich. They should do more spending on infrastructure to make us as a country more competitive as a nation and create jobs in the process. We should be increasing the minimum wage. Lets talk about that for a second. If minimum wage had kept pace with inflation instead of being 7. 25, it would be 10. 70 by. If it had kept pace with productivity it would be 18. 75 if it had kept pace with a wage increases of the top 1 it would be 28 an hour. Now, im surprised people watching, i think something good will happen on minimum wage next year. This is an issue that really breaks through. What is your path, what do you think or hope will happen next year in this congress . Let me expand that out for just a second, if you dont mind, mike. Theres a growing trend toward populism in this country.