who has actually felt that in your pocket though where have you seen your 401(k) go up or in your bank account. tell us about that. i m invested in index funds. index funds go up and down with the s&p in general. he has had a great run since he has been president. steve: what about next year. i don t know if they will get a tax package through. have you mentioned he has gotten nothing through congress. that s true but why is he picking fights with moderate republicans who aren t his natural allies. steve: chuck, you are right next to him. when you look at the two gubernatorial blue states. neither one of them embraced donald trump. when you look at ed gillespie. he is as establishment as they get. what s the message to politicians on the republican side when it comes tomorrow bracing donald trump if they want to run for high office? you know this. i run campaigns for a living. there is an old adage you don t let your opponent to identify you before you get a chance to identify yo
lowering of the jumbo loan limit made it even more challenging for people to buy homes. well, let me ask you about the s&p in general. of course, the big action that was taken against the u.s. where are people likely to feel this the most? is it going to be in their 401(k)s? is it going to be in interest payments? it s going to be more in interest payments because there are a lot of consumer loans the interest rates on a lot of consumer loans are actually tied to treasury interest rates. so, the result of the downgrade, interest rates are most likely going to rise. people who have variable rate interest on certain consumer loans, whether it s cars or other credit card debt, they re going to be paying more out of pocket for interest payments. i m looking at these numbers just staeadily going up heading toward 400 and i m sure people are sitting back watching saying, i need to bail, get out of the stock market all together in favor of something else. i mean, we saw what gold is d