cash and stock market. you need to take a longer-term view and create a properly balanced portfolio. jamie: all along, we have been told, if you diversify, you will be okay, you will make it through anything, a recession, even the situation overseas. but this seems to be more serious? let s look at the advice, first. people go to diversify. they picked last year s winners. they come in with a portfolio, they own seven international funds. that s not diverseification. you need to have a broad-based portfolio. the second thing is that we have gone through many crisis, look at 08, october, march of 09, with severe, substantial corrections. in hindsight, those were buying opportunities. in 2009, before the tech wreck, the market was super high, people were buying like crazy, that was a selling opportunity. you need to look at a much
it s a lot of money. between then and the march of 09 when that money went out. taking that money from us upped their compensation levels by 20% during the very same period. wouldn t you, with all that new money coming in. the monday mega panel is here. the thing that frustrates me the most and everybody else at this point, forget the failure to resolve it, we ve been down this path, we still don t have the transparency to know what the real risk is. the swaps market is often exchanged, and no one can tell you where the european debt risk actually is. no bank ceo knows, nobody knows where it is. and we get these tidbits, imogen, from the reserve audit. you re like, tim carney got $400 billion for the weekend, he must have gone to vegas. how did he get that money? how do we forget how do we. how disturbing is it that we don t really know what s going on. forget us, the bank ceos. this is the stuff of absolute nightmares.
the income tax rate they pay now or 20%. it would keep the hugely mortgage interest and deductions for families earning less than half a million a year and would cut the corporate tax rate from 5% to 20 and temporarily slash it to 5.25 and eliminate taxes on stock dividends and long term capital gains. perry says he aims to unleash american ingeneral unite for a new american century. we will set our employers and our people free by slashing the cost of government, cutting taxes for the middle class families, balancing our budget and growing our economy. the future of america is too important to be left to the washington politicians. and joining me now with more on perry s number is cnn s number one numbers guy, ali velshi, this is kind of a flat tax and kind of not. the issue with it is that i don t know who in america wouldn t choose the 20%. you could run the numbers three ways, you could do it with 20% he s plo posing. do it the normal way which he says he ll leave i
to and again no better word for the guy in florida than a jerk, was outrage over an occupation and a war that s gone on for 30 years. them burning the people in effigy, that s totally fine, my mind doesn t comprehend it, but that s the problem. we re trying to put our form of democracy on folks who apparently have no interest in it quu imagine how would they take that? cenk, you re right. it s a different country. we re involved in somebody else s civil war there. we sxlated this conflict two years ago in march of 09, president obama sent 20,000 more troops to afghanistan. and in december of 09 he sent 30,000 more troops. all we ve seen is the war get worse. we don t understand what we re doing there.
would be so awful for the economy. it would created a deflation their spiral when wages go down too much as they would if we got rid of the minimum wage, you send the economy back into another recession or even a depression. i want to talk to you about the record number of dollars and bonuses that s going to wall street. $144 billion. that s a record high this year. and if you look at the stock market in march of 09, it was over 6,000. today it s over 11,000. does president obama get any credit at all for what s happened? these folks have made billions of dollars with obama with the president s economy and his framework, to save the economy. but, yet, it gets very little conversation. he saved them? he saved their fortunes. we re headed for a depression. we re losing 750,000 jobs a month when he took over. if we stayed on that pace we would have had another