a positive for stock prices unless stocks are just hugely overvalued. and so overvalued even with the earnings growth they ve got to come down. that was the case with housing. it s no longer the case. housing is correctly priced and rents are rising. christine, talk to me about this affordability thing. this is the point that you re making. this isn t about speculators, this isn t about whether you can buy a house today and sell it for more money next year. it s combination of lower values for homes and still very low interest rates, even though we re seeing them creep up. on paper that should be the per nekt, the perfect elixir to try to buy a house. but what s happening here is people who have a mortgage, 50-some million mortgages in this country, a quarter of them are under water. people don t want do sell. and the person who wants to buy did doesn t want it pay what you think the house is worth. and on the other side, you ve got people who want it buy a house, don t have money
housing is correctly priced and rents are rising. christine, talk to me about this affordability thing. this is the point that you re making, this isn t about speculators, this isn t about whether you can buy a house today and sell it for a lot more next year, it s the combination of lower values for homes and still low interest rates. on paper that should be the perfect, i don t know, the perfect elixir to try to buy a house. but what s happening here is people who have a mortgage, 50-some million mortgages in this country, a quarter are under water. people can t get out of their house because they owe more on it than it s worth and the person that wants to buy it doesn t want to pay what you think it s worth. on the other side of the equation, you have people who want to buy a house but don t have money in the bank, worried about a high bill or they can t get the loan. so there s a lack of confidence, there s a lack of sort of, i would say, fluidity between getting in and out of
helping the republicans take down president obama s presidency. but at some point we have to make a real decision whether we believe in this or not, is this change, is it enough. not every progressive is on-board with this. joining me now, congressman dennis kucinich who voted against the bill in november. congressman, good to have you with us tonight. and it is good to be with you, ed. i just want to say that the characterization that i don t care is not correct. i do care. i care that this bill privatizes health care, that it took out public option, that it doesn t protect states that want to create a single payor system and that in fact there is no control in premiums. i care a lot about that. okay. then why not give the president a victory and vote for it? well, this isn t about whether the president has a victory. this is about whether the american people are going to win. if you give the insurance companies $70 billion, why do we have to put the middleman in there? why do t
president trump spends time at a golf outing. the president is not letting the news of the indictments get in the way of the summit with vladimir putin. he tweeted several times today from the golf course not far from here in turnbury and has been turning the blame not to putin but to his predecessor barack obama. in the latest tweet sent this afternoon he says the russian individuals did their work during the obama years why didn t obama doing do something about it because he thought crooked hillary would win. that s why, nothing to do with the trump administration. but of course this really isn t about whether or not it happened unthe obama administration or under the trump administration. it is about whether or not vladimir putin and the russian government is responsible for it. just two days before the president is supposed to have this summit with putin it s only renewing questions about whether or not president trump is willing to be tough enough on vladimir putin going into th
very little action. senior officials including members of the cabinet spent the day doing cleanup, in some cases walking back what the president has said, in other cases scrambling to craft some kind of policy to fit what he has said. you can make a policy case for or against virtually ever issue that the president has been talking about. this isn t about whether the president s ideas are good or bad. that s for voters and of course history to decide. what we want to focus on right now is what actually happens after the president makes headlines by saying something in person or in tweets that appear to take his own administration by surprise. it s important because it raises the question just how much weight do the words of the president of the united states now actually have. syria, for example. here s the president departing from prepared remarks in ohio last thursday. by the way, we re knocking the hell out of isis. we ll be coming out of syria like very soon. let the other people