programs from people who need them the most, then let s put programs in place of impact because right now this is just a pull. we re all about fixing these things. let s talk about welfare and entitlements is to lock up votes for a bill that gives a tax break to the wealthy and corporations. i m not against giving tax breaks to wealthy and corporations, but just remember whose mouths you re taking food out of to do it. all right, i want to talk about something else, bitcoin. you know what i m talking about, right? record highs this week followed by a very big drop the next day. i have said use extreme caution when investing in volatile digital crypto currencies. and big companies taking over the media world. president trump s justice department is standing in the way of one big merger but he is all for merger mania in your local news.
opposed to new investment? in large part. and because it s so striking this kind of bumbling stumbling economy we have. little job growth little wage growth and yet merger mania. this could be the greatest year ever for corporate mergers. mary you mentioned policy changes. what could we do? what would you like to see out of washington? well one of the obvious ones is letting our oil producers export their product. there is a lot of investment in the ground and now they can t sell it and, actually the foreign markets are thirsty for the type of oil that these independent producers all over the west are bringing up. you know you could also do something on trade. now, the president says he s out there on the transpacific partnership, but where has he been? he really has to take i think, a mora gresse aggressive stance to
investment exceeds gdp growth. here in this case it s actually trailing and i think what you re seeing keep in mind this was happening in a world where we have merger mania, companies combining all over the world with a trillion dollars in deals this year. also companies repurchasing stock, right? they re buying back their shares even though their shares have gone up quite a bit. so what you re seeing is a lot of money in the system and companies choosing in many cases, to buy other companies instead of to build new products invent new things create new services. and i think that is the obama economy, and sadly, that s kind of the economies of a lot of the developed world is very heavy regulation hostile innovation hostile to new products so where is your opportunity to running a business to get growth? you re saying the cheap money, that you can borrow almost nothing. that the cheap money is going into financial engineering as
looking for growth in a slow growth environment overall. thank you. have a great memorial weekend. and to you. will a merger mania undermine the quality of your entertainment services or is it much adieu about nothing? more as we look ahead on sunday morning futures. my dad has atrial fibrillation, or afib. he has the most common kind. .it s not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that s why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate). .was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor.