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CNNW Erin Burnett OutFront June 22, 2012

www.vitac.com outfront tonight, the plunge. the dow slid 251 point, today. there s only one other day this year that it has been worse. people are afraid. they re afraid of the blood gushing out of europe s veins. they re afraid of the blood draining out of jobs here in the united states. ultimately, they re most afraid that congress is too cold-blooded to do anything about it. to make a deal that could instill confidence again in the greatest economy on earth. yes, that is, still, by leap, bounds, everything, everybody, the united states of america. instead, by the end of the day, the credit rating agency moody s downgraded america s five biggest banks. specifically blaming fear about stability in the global financial system. that means it s going to cost those banks more to operate. that means they have less money to lend to all the borrowers in this country. about the only person feeling good today, billionaire larry ellison. it s good when you got $36 billion and buyi

CNNW Erin Burnett OutFront June 22, 2012

plunge. the dow slid 251 point, today. there s only one other day this year that it has been worse. people are afraid. they re afraid of the blood gushing out of europe s veins. they re afraid of the blood draining out of jobs here in the united states. ultimately, they re most afraid that congress is too cold-blooded to do anything about it. to make a deal that could instill confidence again in the greatest economy on earth. yes, that is, still, by leap, bounds, everything, everybody, the united states of america. instead, by the end of the day, the credit rating agency moody s downgraded america s five biggest banks. specifically blaming fear about stability in the global financial system. that means it s going to cost those banks more to operate. that means they have less money to lend to all the borrowers in this country. about the only person feeling good today, billionaire larry ellison. it s good when you got $36 billion and buying an entire island in hawaii is pocket

CNNW Erin Burnett OutFront June 21, 2012

outfront tonight, the plunge. the dow slid 251 point, today. there s only one other day this year that it has been worse. people are afraid. they re afraid of the blood gushing out of europe s veins. they re afraid of the blood draining out of jobs here in the united states. ultimately, they re most afraid that congress is too cold-blooded to do anything about it. to make a deal that could instill confidence again in the greatest economy on earth. yes, that is, still, by leap, bounds, everything, everybody, the united states of america. instead, by the end of the day, the credit rating agency moody s downgraded america s five biggest banks. specifically blaming fear about stability in the global financial system. that means it s going to cost those banks more to operate. that means they have less money to lend to all the borrowers in this country. about the only person feeling good today, billionaire larry ellison. it s good when you got $36 billion and buying an entire isl

Detailed text transcripts for TV channel - MSNBC - 20120606:03:57:00

and there s blood in the water there and i think the republicans will go after them big-time, especially public employee unions. i think scott walker, based his gubernatorial campaign and his governorship on the idea of slashing budgets and i think the republicans are going to be a little bravery than they very been and if they re serious about it they need to be as candid as scott walker was about cutting the budget. i think it s fair to say that wisconsinites while they might have disagreed with his methods, they ended up approving what he did. no other way to read it than that. yeah. and i think that mitt romney will do the same. so those are three lessons i would take right there. i would say that president obama is on notice that he s got a tough rode to hoe and he ll have to take the lead big-time. i think the progressive movement learned some valuable lessons in how to deal with the new

Detailed text transcripts for TV channel - MSNBC - 20120606:07:57:00

little bravery than they very been and if they re serious about it they need to be as candid as scott walker was about cutting the budget. i think it s fair to say that wisconsinites while they might have disagreed with his methods, they ended up approving what he did. no other way to read it than that. yeah. and i think that mitt romney will do the same. so those are three lessons i would take right there. i would say that president obama is on notice that he s got a tough rode to hoe and he ll have to take the lead big-time. i think the progressive movement learned some valuable lessons in how to deal with the new environment of super money, ed. this was going to be the environment anyway. the people on the other side of the big money ought to figure out how to deal with it sooner rather than later. if nothing else, wisconsin gave them object lesson in how to deal with it. they came up short this time but that doesn t mean that there

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