Air force one was on the runway and that was our meeting our arrival here in las vegas saying air force one again weve seen a 2 or 3 times on our travels and its very impressive its a great prop when youre running for president and thats some of the all that what you have when you are president is the bully pulpit and thats going to weigh heavily in this 2020 election well in the nevada debates there was something that Bernie Sanders said on stage when he was you know going back and forth with mayor bloomberg when mayor bloomberg imploded on stage you know they were talking about billionaires and the problem with billionaires d and should billionaires exist i tweeted that i said is the u. S. Federal reserve bernie you cosponsored an audit the fed bill talk about the cantillon effect how did bloomberg go from a net worth of 3000000000. 20 to 60000000000. 00 in 2020 at least half of that gain in my opinion is from q. E. The problem is that nobody really knows anything about money its har
Jury will come to order. Senator brown has been delayed a bit but im going to go ahead because as i think most people realize we had to readjust the time of the hearing to accommodate the fact that both have been called on the floor at 1030. That means senators will really need to stick to their five minutes and even then we may not get through for everyone and i apologize. I will stick around for 15 or 20 minutes into the first boat so we can go as long as we possibly can. I will wave my questions. I wont waive my introductory misstatement and i will start with that right now. Welcome, chairman powell today the Federal Reserve chairman Jerome Powell update the command Monetary Policy development in the state of the us economy. Us economy continues to expand in 2019 exceeding 2 growth for the Third Straight year as the American People enjoyed to the longest continued economic expansion in american history. The labor market is strong with the labor force at an alltime high of 164 millio
Ridiculous. It should be 28 . I would raise almost 800 billion a year. If companies not paying anything at all. They have a minimum of 15 . I would raise another 740 billion a year. That comment flew by last night without a question. Either by bidens competitors or the media. Look at this, Corporate Tax revenue last year was 230 billion. Total. Biden claims under his plan, Corporate Tax receipts would spike to about 1. 5 trillion. That is a 670 greater increase over whats now being collected. Its clearly impossible. Even one of the moderates in the bunch is making wild claims, what does it tell us about the economic claims we heard in general last night . Unfortunately, hes not good with numbers. This didnt make any sense. I know what hes talking about, he wants to raise the Corporate Tax rates by the way, there are a lot of them like amazon in the spotlight because our tax laws dont require them to payax. They have other benefits so joe wants to change that but look, at least hes putt
We a. M. , the Senate Continues debate on the war powers the hearing will come to water. Senator brown has been delayed, but i will go ahead because most people realize we had to readjust the time of this hearing for those who have been called on the floor. That means the senators will need to really stick to their five minutes, and even then we may not get through for everybody and i apologize for that. Im sure that senator brown and i will stick around 15, 20 minutes into the first vote so we can go around as long as we possibly can. I will wave my questions. But i will start with my introductory statement. Welcome, chairman powell. Today the Federal Reserve chairman Jerome Powell will update the committee on Monetary Policy development and the state of the u. S. Economy. The u. S. Economy continued to expand in 2019 come exceeding 2 growth for the Third Straight year. The American People have enjoyed the longest continued economic expansion in american history. The labor market is s
I will start with that right now. Welcome kevin foul today the Federal Reserve chairman will update the committee on Monetary Policy developments and the state of the u. S. Economy. It continues to expand in 200019 exceeding 2 growth for the Third Straight year. As the American People enjoy the longest economic expansion and history. The labor market is strong. Rd with the Unemployment Rate at 3. 6 remaining near half century low. Wages also grew in january by 3. 1 percent from a year earlier. Making it 18 consecutive months that pay has grown. According to gallup trends. Nearly six in ten americans are 59 now say they are better off financially than they were a year ago up from 50 last year. That reform in 2017 and rightsizing regulations including under the Economic Growth and regulatory release have undoubtedly helped fuel the Strong Economy and labor market. Americans are set to benefit even more when considering the effects of the u. S. Embassy a. T despite the substantial progres