is playing a role in foreign policy, fame loessly added to the national security council staff. but on domestic policy, one of the things that confuses me is people talk about him as a p populace and surrounded by go goldman sachs, his former firm. how does that work? i think we have how that works. a lot of questions how it will work inside the white house and how it will work with congress. the president is going to have to work with congress and there is very different views about that. his critique of goldman sachs where he used to work of the banking elite was really directly focused on the 2008 financial crisis. he views, he has said this many times in interviews and made movies about it, that the banks lost their way. that institutions that were built, you know, with a public service in mind, at some point game greedy, that the rules took
madden. cnn political commentator and democratic strategist, donna brazile and chief white house correspondent for politico, m e michamike allen. kevin, unfair analogy? not really. you remember at the end of apocalypse now where there s a water buffalo that s cut into a whole bunch of different pieces? in many ways, that s the political system now. that s something i said from the very beginning of this whole mess is that there s not going to be a whole lot of people that come out of this very good. in a very good position. right now, the public i think is still casting blame on the whole political system. they re not. they re casting blame much more on republicans. there s a new poll tonight, the washington post /abc shocking difference, 20 point game between what people say about republicans disapproval over the debt crisis, republicans in congress, 74%. democrats in congress, 61%. president obama, 53%. here s my point. those are very high disapprovals
if anything gets raw makers at 9: 9:30 a.m. it can be a tufl day on wall street. i just got off the phone with one trader and he said you re going to see wall street watching the rhetoric. the market will absolutely give back the gainings that it took last week. in fact, tree games in a row from wednesday until friday. that was the biggest point game since desz of 1011. the shut down started on october
compromise, shep. shepard: victory for the day is the post office in peoria has a name. we have to live for that at the moment. finally. shepard: ed henry at the white house. as lawmakers continue to bicker or whatever they do the stock market continues to slide and so too does the value of 401(k) and other assets, the dow jones industrial average off for the fifth straight day off 62 today. the s&p down for the fourth straight day. the nasdaq posted a 1 point game. with us from fox business shibani. if what does this mean for us. it is something we need to care about. we have to say that the likelihood of this happening is very remote. because we can t rule it out, we have to talk about it credit sweeps one of the biggest banking giants on the globe predicts if we do see a default we will see a doomsday scenario where we see the stock market plunge more than 30% in a six month period. that means your pension, your
shepard: victory for the day is the post office in peoria has a name. we have to live for that at the moment. finally. shepard: ed henry at the white house. as lawmakers continue to bicker or whatever they do the stock market continues to slide and so too does the value of 401(k) and other assets, the dow jones industrial average off for the fifth straight day off 62 today. the s&p down for the fourth straight day. the nasdaq posted a 1 point game. with us from fox business shibani. if what does this mean for us. it is something we need to care about. we have to say that the likelihood of this happening is very remote. because we can t rule it out, we have to talk about it credit sweeps one of the biggest banking giants on the globe predicts if we do see a default we will see a doomsday scenario where we see the stock market plunge more than 30% in a six month period. that means your pension, your retirement funds are also going to go down right along with it