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Wealthy, rather, and a rollback of regulations. democrats say these things will balloon the deficit, right, and raise interest rates. will they? i think clearly, you are seeing interest rates move up but part of that s expectation of more rapid growth which is not all bad. we have had a suboptimal recovery. we should be objective about that. the growth rate since the beginning of the recovery has been way low compared to historical standards. something is wrong. we should be growing long-term at 3%, over the short term we should be growing 5% or 6% which is typical recovery numbers. certainly tax policy and regulatory policy have played some role. i personally believe dodd-frank has been extremely destructive to community banking. i don t think that was the intention but i started as a small business lender. my bank was a community bank. we grew into a bigger bank but i helped a lot of people get into business that created a lot of jobs and am proud to do that,
ThingsRegulationsInterest-ratesDemocratsWealthyRollbackDeficitSomethingGrowthPartRecoveryObjective it is sunday, june 24th. good morning, everyone. i m randi kaye. so glad you re with us. we start this morning with pretty extreme weather. in the gulf of mexico, we have tropical storm debby. it is still building strength as it moves closer to the gulf coast and communities are bracing now. in colorado, firefigers are trying to contain a wild fa fire cobb suming 200 square miles and it could take at least three more weeks before contained. in minnesota, floodwater left a path of destruction through duluth. people areurning home to devastation and loss. that includes saying goobye to those homes badly damaged by the floodin flooding. we have to topple it into the hole because we can t save it. it s a good little building. i wish my granddaughter could have enjoyed it as much as my dauger did. let s get back to tropical storm debby. bonnie schneider is in our meteorologist center this mornin morning. randi, right now, we are king quite a bit of extreme weather. let
Obama24The-pentagonChangeEventGay-prideScoopEveryoneWeatherAmericaJune-24thGulf-of-mexico factory floor asia has fewer things to manufacture. china, an economy second in size only to that of the united states, or of europe, has slowed. india has slowed, too. that means more than 2 billion people in the fastest growing nations in the world are buying less. this is one big storm. what is america doing about this storm? well, we ve got umbrellas. what we need are hurricane shelters. but you can t go out and build an economic hurricane shelter yourself. that s something you need help with. government help. congress, for instance, could help stave off the effects of the storm, but they won t because that would mean being honest with you about things that are getting potentially worse and not better. and that kind of talk doesn t win elections, so congress sticks to what it does best these days partisan bickering and blame. and then, there s an entirely different storm brewing in washington. not the election, it s the so-called fiscal cliff. series of tax increase
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