he is here. he may have taken puerto rico off the road to serfdom. what did you do? we did what every american family does at home, every business. we stopped spending we were taking in. we just focus on what was important. we started lowering taxes. john: you can t cut a deficit by lowering taxes and in the mainland politicians haven t wanted to do that? we have cut our budget by 90%. we are on the road to balance our budget next year. john: how? you fired workers, even in wisconsin with all that fuss, the governor didn t fire anybody. you actually fired government workers? at the end of the day, i cut my own salary by 10%. i froze everyone s salary. i cut dramatically all
was there. let s face it, traders and investors know the politicians haven t come out with a budget deal as of yet. the fact that the s&p is recognizing it, and putting it in black and white makes it an entirely different deal. this is on the table as a concern and a major red flag. how does the forecast go back to stable since it might take them a while to get a debt deal and do the markets just continue to fall until then? or tomorrow are they back to normal? therein lies the good news. by the end of the day, we recovered grounged. from traders i spoke to on the floor, hopefully this is a one-day event. is it going to be underlying the market sentiments for months to come? absolutely. you can see that being played out in europe. it s still underlying sentiment in the stock markets as well. and it will continue to do the same thing in the united states. the rest of this week we re
their hearings, goldman-sachs got a black eye in those hearings, there are some that thought that the senate bullied them too much. but nonetheless, there s no question that goldman-sachs came out with a black eye and now this next chapter that we learn that the justice department is exploring a criminal is conducting a criminal probe in deciding whether to prosecute,a really hurts goldman-sachs on a public relations side. we ll see where it goes on a legal side. jillian, the republicans walking a very fine line as david said, americans are overwhelmingly in favor of more regulation of wall street and even this legislation they re in favor of, here s the issue, how do you walk this line and say that there are legitimate concerns to the way the democrats are going about this and not look like you re on wall street s side? that is a big problem, and what an extraordinary reversal we have had right now, for years and years, politicians haven t