reserve. seven years after the financial crisis, they insist on continuing emergency management policy. this is after a research report from within their own federal reserve system, said that their policies have not worked anywhere ever. all right. so you want to get off zero? james? i think they can go much higher. but quarter point is a reasonable start. we can all keep borrowing money. the world will go on. dan. the obama economy got a big miss as the krcensus bureau reported median household income in 2014 is unchanged as 2013. it s down 6.5% since 2007. what s even more troublesome is that income mobility in 2014 hardly moved. people are not moving up the income ladder. we re living in a static economy. this more than anything accounts for the voter anger. remember, if you have your own hit or miss, be shush to
it is countries that have free trade that do the best. those who are the most restrictive are at the bottom of the income ladder. we have trade laws in this country that we can t even enforce enforce. it takes over two years to come to fruition because the laws are so archaic at this point. we have emerging markets and labors fighting 27 cents an hour in vietnam. your thoughts on this? has there been good trade deals? i m not going to be able to settle that tonight. it is complex. it is true under bill clinton the economy created 22 million jobs so the idea that nafta. the dot-com boom. this idea that nafta was a disaster doesn t hold up under
at a higher rate than we tax the income you essentially inherit or interest that you earn on the american that you already have. capital gains taxes. right. in that sense, we certainly do privilege the wealthy. that s without a doubt. i think that, you know, different people will i guess disagree about whether or not that is appropriate. without a doubt, it certainly puts people in the middle and certainly towards the bottom in a position where you can work and actually make a lot less money than, say, your boss, and actually pay more taxes than him. ezra, it feels like economic policy and tax policy, which is folded into that, is very much dictated by those at the top of the income ladder. talking points memo has a graph of voter turnout by income. if you make less than $10,000, your turnout s 41.3%, over $150,000, the turnout is 78.1%. alex, that was my graph, i put that up yesterday. and you put it up.
slug fest democrats and republicans. this is another example of the policies with good intentions that are actually hurting working americans. and here we are taking the rate even lower, fewer people working, bad for the economy and growth and bad for prosperity. your report doesn t say that the affordable care act is causing employers to lay off workers. the entire effect that we are projecting comes not from people losing their jobs but from people choosing to work not at all or to work shorter hours, that also reduces the incentive to work to some extent. these are people who you want to get on that ladder of opportunity that income ladder and moving up on the ladder and this takes them off the ladder. and senator rob portman joins us. nice to see you sir. hey, greta, thanks for having me on. if you listen to the report listen to republicans all these great options how do i know what to believe? believe the report itself
slug fest democrats and republicans. this is another example of the policies with good intentions that are actually hurting working americans. and here we are taking the rate even lower, fewer people working, bad for the economy and growth and bad for prosperity. your report doesn t say that the affordable care act is causing employers to lay off workers. the entire effect that we are projecting comes not from people losing their jobs but from people choosing to work not at all or to work shorter hours, that also reduces the incentive to work to some extent. these are people who you want to get on that ladder of opportunity that income ladder and moving up on the ladder and this takes them off the ladder. and senator rob portman joins us. nice to see you sir. hey, greta, thanks for having me on. if you listen to the report listen to republicans all these great options how do i know what to believe? believe the report itself