are we possibly headed into further stagnation? well, you know, the political strategist side of things i ve never had to look so much at politics to figure out where the economy was going. i tell you, it s like watching the keystone cops. it s gotten ridiculous. going forward we do have momentum carrying us into 2012. that s the good news. we hope we don t lose it because of political ineptitude. that s what would kill it. we have a lot of icebergs ahead. we hope politicians are better at navigating turbulent water than the captain of the titanic. that said, where are the positives? the positives are there is a glimmer of hope in the labor market. looks like the situation bottomed out after things fell apart last spring and the summer. we re seeing momentum return to job hiring. not enough momentum, but some is better than none. particularly small business hiring, new business burst, that s very important to the back bone of the u.s. economy and where we re looking for str
going to happen in 2012. tell me where you sit right now is 2012 going to be a better year economically than 2011? is there going to be economic growth? are we possibly headed into further stagnation? well, you know, the political strategist side of things i ve never had to look so much at politics to figure out where the economy was going. i tell you, it s like watching the keystone cops. it s ridiculous. going forward we do have momentum carrying us into 2012. we hope we don t lose it because of political ineptitude. that s what would kill it. we have a lot of icebergs ahead. we hope politicians are better at navigating turbulent water than the titanic. a glimmer of hope in the labor market. looks like the situation bottomed out after things fell apart last spring and the summer. we re seeing momentum return to job hiring. some momentum but some is better than none. new business burst, that s important to the backbone of the u.s. economy. that s looking nor strength going
on the hook for 17.1% in theory. in reality, we re not going to let europe go down. no, no, no. we can t. they re too big to fail. we ll have to contribute more and more and more and more to prevent their demise. you are already on the hook for the mess in greece and europe. in fact, when aig got $180 billion of your tax money, do you know how much of that wound up going to european banks? european banks? why is nobody talking about this? european banks? $30 billion of your money. to europe. i told you many times about mutually assured economic destruction. it was something that started in the 1960s. in 1962, it was announced. to stop nuclear war, the theory was tie all of our economies together. moy friends at the time 100 dinner had no concept of any of this. yes, and they re much
on the hook for 17.1% in theory. in reality, we re not going to let europe go down. no, no, no. we can t. they re too big to fail. we ll have to contribute more and more and more and more to prevent their demise. you are already on the hook for the mess in greece and europe. in fact, when aig got $180 billion of your tax money, do you know how much of that wound up going to european banks? european banks? why is nobody talking about this? european banks? $30 billion of your money. to europe. i told you many times about mutually assured economic destruction. it was something that started in the 1960s. in 1962, it was announced. to stop nuclear war, the theory was tie all of our economies together. moy friends at the time 100 dinner had no concept of any of this.