We have a country not doing well. We owe 19 trillion, essentially we are bust. We have no money. We just had a Budget Approved for 2 trillion, we have no money. Theas, we cannot give you hundred 50 billion, they will go crazy. One day. 150 billion, they will go crazy. One day. I say im sorry, i want to give it to you so badly, you have no idea, im dying to give it to you, but we cant, we dont have any money. That is better than saying were not giving it to you. ,except this way they recover faster. They probably would both work. I know the second would work. The first one, you could end up in a position where would be a long time. No way i would have given them 150 million, in a million years. One of the saddest things is the money is gone. By the way, two days before that the art of the deal who reads the art of the deal . I always say the bible is much better, no contest. Not even close. Do we agree . But the art of the deal has been a great book. Obviously kerry did not read the art
Republicans economic agenda, included massive unpaid tax cuts for the rich. Two unpaid wars and a doctrine of no regulation no supervision of wall street. It is this radical agenda that precipitated the financial meltdown and shattered our economy. How bad was it . On the night of thursday, september 18th 2008, the secretary of the treasury came to the capital for an emergency meeting with congressional leaders to inform us of the severity of the meltdown. When i asked the chairman of the fed, at the time ben bernanke what he thought of what the treasury secretary was telling us . He told the leaders, if we do not act immediately, we will not have an economy by monday. This was thursday evening. Thats where we were, september 18th 2008. In order to stop the meltdown of americas financial institutions, it was necessary for us to pass the troubled assets release program tarp supported largely by democrats and later we enacted historic consumer wall street reforms with dodd frank regulati
Screeria nigeria. Anthony foxx. And a discussion about u. S. Cuban relations at the heritage foundation. The irs has asked congress to provide 12. 9 billion for funding in 2016. 18 more than the current fiscal year. Irs commissioner john kostka testified. The Senate Finance committee is chaired by utah republican orrin hatch. This is just over two hours. Welcome to the irs john cost koskinen koskinen. Also fiscal year 2016 Budget Proposal. Commissioner costkoskinen. More than 152 years ago the finance Committee Received a letter from george butwell who president lincoln had apointed as the first commissioner of the international revenue. The letter came in response to an inquiry from the committee seeking information about the commissioners organization, his budget and the activities of his office. Does that sound familiar . In his letter, dated january 21st 1863 commissioner bodwell tried to answer the committees questions by starting by first asking congress for more money. Specifica
4. Oil added on 2. 63 apple shines in its patent case. The internationl trade commission ruled that samsung infringed on iphone patents owned by apple. Samsung is expected to appeal. And aol has turned into a chatter stock. Shares rose 2 friday on speculation the Internet Company is planning drastic cuts or that it may shut down its local news sites, called patch. Scott shellady of trean group joins us on this monday morning. Happy monday morning to you, scott. Good morning. How critical will the Inflation Numbers and retail earnings this week be to traders . Its going to be very critical with the feds dual mandate. We have to keep an eye on inflation. I dont think weve got inflation. I think weve got disinflation. Bernanke mentioned that in his last speech. Something to watch Going Forward we actually might be in a deflationary cycle, so, keep your eyes glued to the Inflation Numbers. China plays were popular last week with people buying the metals because of some growth in china. Wha
Property that once housed about 20 Penn Salt company homes in Natrona continues to be upgraded by a group of volunteers. About a dozen people braved the cold Friday to scatter 60 tons of river rock on the stretch just near the railroad tracks, sandwiched between Federal Street and a