seen desperate republicans joining forces with him. republican presidential frontrunner mitt romney under fire from critics who claim he made millions while handing out pink slips. this is not about capitalism. anger rising over an economic system that has rewarded some but leaves many feeling left behind. this is the defining issue of our time. occupy wall street focused anger on the wealthiest americans. we got sold out. the tea party drove republicans to a 2010 midterm victory, warning that president obama would destroy capitalism as we know it. obama wants you to be a socialist. is capitalism working for most americans today? the basic bargain that made this country great has eroded. if you re rich, capitalism is probably working just fine. it s only broken if you re not. as you can see, the top 1%, that top line here, is doing pretty well, but what about everyone else? look at median income. that s the bottom line there. it shows that earnings for m
what is it worth going back to school? when can you afford it both time and moneywise? tweet me or send your comments for my facebook page. i m fredricka whitfield. see you later on. your money starts right now. it is 2012 and capitalism is on trial. i m ali velshi. welcome to your money. mitt romney under attack this week from fellow republicans questioning the wealth that he gained as a successful businessman. which begs the question, is anyone still defending america s economic system? capitalism on trial. and you are the judge and jury. president obama wants to put free enterprise on trial. and in the last few days, we ve seen some desperate republicans join forces with him. republican presidential front runner mitt romney under fire from critics who claim he made millions while handing out pink slips. this is not about capitalism. anger rising over an economic system that has rewarded some but leaves many feeling left behind. this is the defining issue of
republican, they are oxymorons now and it got to be frustrating. we need cooperation and unity. other financial crisises, the only way they got out television, what we saw in the nordic countries in the 1990s is cooperation in government, a common goal of we are all in this together and we can get out together. that s absent in washington. i want to spare your brushes, but i read your briefings regularly. you describe america as having a 50-50 chance of a recession. you say we are already in what you call a growth recession. do you think we are going to sink back into a recession? it s up to us. we have a very good chance of averting a recession. we have over a trillion reasons to simulate and i spent meeting after meeting with corporate leaders and traitors in our own. we have the money on the
to gdp has really been on pins and needles. i think we are going to see some fertile ground for additional stimulus and perhaps qe 3 by the end of the year. do you think that they can ignore the wall street journal and others, the editorials saying that they ve already possibly created an asset bubble criticizing qe one and two? i think they can. i think it s their job and their mandate to continue to do something with the economy so we are in a growth recession. the most likely snare joe is we avoid a double dip recession. that said we re not going to have growth that s enough to take the fed out of their mandate and feel that they re comfortable with inflation picking up. now commodity prices have fallen and they can point to inflation abating as unemployment continues to rise. these are issues the fed has to act on. even though they have the criticism out there, that has not stopped ben bernanke yet and i don t expect him to stop going forward. does this weakness and the
report. retail sales jumping 3.3% at major chain stores that happened in august. but high unemployment and disappointing housing numbers have some analysts predicting something dire called a growth recession. in other words a jobless recovery. all of these terms being thrown out. can all of these things be possible. chairman and ceo of capital l.l.c. good to have you here. thanks for being here. we keep hearing about this double dip. this phrase keeps getting thrown out. what exact solid a double dip and is that something we re going to experience in the future. normally over the lounge run the economy grows and in a recession it dips. we have had a very bad recession in 2008-2009, and then we went into several quarters of recovery. the fear is about it is about to roll over and roll into recession again forming a pattern that would like being look on a chart like a w. i don t believe that s going to happen. while. interest rates very low. growth outside of the united states have