Thank you for joining us. Viewers what the Heritage Foundation and the center for American Progress are. Guest the Heritage Foundation is a conservative think tank in washington, d. C. Of policyffect issues, my expertise is federal government matters. A progressive think tank covering a wide variety of issues. I cover budget policy. Romina. Will start with has been in control by the republicans for quite some time. The difference is the white house is also under control of the same party. Is this budget a continuation of the budget that has come out of the house, or are there notable differences . Guest notable differences is a reconciliation package, proposing to cut 200 billion in what are called autopilot or entitlement spending programs. That is the biggest proposal cut to these programs yet. The reconciliation the occult also includes instructions for tax reform. See the house gop setting up for a tax reform package with the president. Trying to do so while cutting spending at the
If you live in the eastern or central time zones, call us at 202 7488000. If you live in the mountain or pacific time zone, 202 7488001. You can also send us your thoughts on twitter. You can leave a comment on our facebook page. This fight between president elect donald trump and the labor unions started after what appeared to be a victory last week. He had negotiated a deal with a factory in indiana to keep jobs from moving to mexico. That deal became controversial after these comments from a union leader in indiana. Here is the story in the cannotgton. washington post. The story says that chuck jones, the president of united fuel workers, which represents carrier employees have felt optimistic when donald trump announced he had reached a deal until thee 1100 jobs union leader heard that only 730 of the projected jobs wednesday and 550 Union Members would lose their livelihoods after all. Jones hoped donald trump would explain himself. When he got up there, and for whatever reason he
Moving up. We are all waiting for the jobs report tomorrow. Joe you have to talk about the resiliency of this market. We were down earlier in the day, and another come back to close over 2100. That is an important level. One thing that did help a little bit was a bounce back and oil after the inventory report. Energy down the most on the day, more earlier, then a pullback into strength. For a long time we talked about oil and stocks correlation. That is not where it was three months ago. Is going one way, stocks are going one way, the correlation down. 9, so today positive despite oil. , a bigresting stock move move down intraday, a report came out from andrew left of citroen research. Chemours. There is some doubt and Short Interest might be building. Joe a remarkable turnaround there. Lets look at the greek twoyear yield. Here is a threeday chart. That was thisop, morning when we got the ecb decision. They did not grant the waiver for banks to get greater access to ecb capital. That
Is. It is to propose in preparing for future conflicts we should not be preoccupied with fighting the last one, which brings me, finally, to the real risks that the eu proposes to security which is obviously closely tied to American Security. The two issues that are fuelling are fairly simple ones, that we understand pretty well on this side of the pond, Economic Security and immigration. While are predicting Economic Disaster for Great Britain, the reality is that while there will certainly be repercussions, the only certain disaster would be remaining in the eu, which is turning out to be nothing more or less than an economic suicide packed for its members. If the United States can salvage one independent strong economic partner from the eu, we might consider that an opportunity rather than a calamity. And then there is immigration, the eu has been an active component that has been enabled from the middle east that have resulted in a significant radical islam problem on the continent
, in 2012, i went in there and said, i am not paying my loan. They said, we will run the check through the bank. He said, you will not be able to anywhere at loan all. I said, good. That is what needs to happen. Lets give the guest a chance to respond to your experience. Is an unfortunately, that alltoofamiliar experience. There are 14 states that have eitheryday loans by explicitly prohibiting them or rates lowterest enough to where they dont think they can operate there. Unfortunately, that leads 30 lead 36 states, including ohio, where the caller payday loans. Have i mentioned colorado before. Now those loans are sixmonth small monthly payments. Where, if people pay as they are supposed to, they get out of the debt after several months and then they can walk away if they want to. Ohio is one of the worst payday loan states. They tried to reform the market in 2008 with a new Interest Rate found athey quickly loophole. 591 after the reform law. Intois one auto loans came ohio. I have