Mr. Foster thank you for coming. Its a pleasure to have you with this. Also my colleague randy johnson. And for those suffering from hurricane harvey, we wish them on behalf of the chamber all the safety and the swiftest possible recovery from what they are dealing with. The economy is in its ninth year of expansion, which is fairly notable, as that makes it his third longest in the modern era. By next spring, we will have tied for second, and curiously, despite the length of the recovery and expansion, we seem to be heading into acceleration. Normally as the expansion goes along, the m the economy slows a bit. Instead, we may have an acceleration, and the reason for that is somewhat in this chart. If you look down the far left hand side, there is that little dip that corresponds to the. Corresponds to the period before the election. We have the 6 increase. They call that the trump bump. Whether President Trump really gets the credit for that is up to future historians, but there is no
Im dave on schedule. Im dave cook from the monitor, our guests today are Thomas Donohue and bruce josten, the chambers the Worlds Largest notforprofit business administration. Both men have been our guests before, and were glad they came back. According to the new york times, mr. Donahue once wrote his ambition was to, quote, bring the biggest [inaudible] in this town, unquote. Before leading the chamber, he served for 13 years as president and chief executive officer of the American Trucking association. Prior to his tour at the ata, he was Group Vice President of the u. S. Chamber of commerce for eight years. In an earlier chapter, he was Deputy Assistant postmaster general and Vice President of connecticuts fairfield university. Bruce josten is the Political Affairs executive. He started or had an early adventure in the chambers new york office in 1974. He came to the organization well equipped for a rapid rise with a degree from harvard, and he oversees six major divisions in the c
If you listen in eastern and central time zones and the pacific time zones, 2027488001. If you want to add your thoughts n our twitter page cspanwj is how do you that. If you want to post onnure facebook page, facebook. Com cspan. The Los Angeles Times wrapped up the town hall out of cnn and iowa last night, saying that was the president ial contest in iowa, the last vote. Hillary clinton and Bernie Sanders took startling different votersmuches to wavering in their final appearance on stage, an unconfrontational sanders, taking a barrage of attacks. Clinton responded later with little of the feistiness she has shown recently on the campaign trail, instead reverting to her earlier posture of confident frontrunner, emphasizing her qualifications for the office and trying to to avoid engaging rivals. Except clinton is no longer the clear frontrunener iowa. An unexpectedly tight right with the self associatistmocratic senator from vermont, in a loss that would significantly path to the r n
[cheers and applause] [crowd chanting bernie ] thanking the steelworkers for the long support. Of what ive been trying to do throughout my entire political career. I dont get any money and i dont want any money from corporations. Never got a nickel. [applause] dont want any money from the billionaire class. [applause] but i am very grateful for the support that ive received from the steelworkers throughout my entire political career. Thank you, guys, very, very much. [applause] when i went to college i studied some economics, but the real economic lesson that i learned was when i was a kid. I grew up in a home where my dad had come from poland at the age of 17 without a nickel in his pocket. Never made much money. Mother graduated high school. I lived in a 3 1 2room rent controlled apartment in brooklyn, new york, and we lived not poor, but our family lived on the Financial Stress as is the case with millions and millions of our families today. So the Major Economic lesson that i have
Department, and a lot of other people involved and groups involved. The title of the story is called fund. Good h morning. Thanks for joining us, sean higgins. Guest thanks for having me on. Host why do you call it a slush fund . Guest its technically what it is. Its the amount of money the government has sort of seduded from the settlement with citi group and bank of america. Basically not giving away to nonprofit groups that the government keeps. In other words, banks are encouraged to give money to lists. N these host we hear a lot about these settlements. The Justice Department specially about the amounts that are involved. As far as the settlements are concerned, what happens once hose payments are made to the overall initial settlement that was made by the Justice Department . Guest well, the banks get donations that they make to these groups outside. Whats interesting about it is actually get double credit. These were settlements in the bel billiondollar ranges but for they sett