wow! why? bottom line is this, good news on a potential bailout for banks in europe. leaders are pledging to unveil a debt crisis solution this month. governments on both sides are really at the core of the roller coaster ride and the pain we felt over the past few months. government is a big part of why stocks are down 12% from the highs earlier this year. losses that hit every ira and 401(k) in this country. several things need to happen and absolutely can happen to fix the problem. it is so fixable. european leaders have to follow-through this a debt solution. and here in the u.s., if we stop acting like ds and rs and fighting against each other and start working for the country, it would be better. it s really all about confidence. it s that simple. the economy boils down to it. it will be better than today and the american system works. that will help hiring and hiring means more taxes. there is an amazing statistic we pulled for you. 40% of the deficit will go away. tha
we have a little bit of a ray of sunshine, the dow was up 330 points today, nearly 3%, that actually makes the first six trading days of october the best in 19 years. wow! why? bottom line is this, good news on a potential bailout for banks in europe. leaders are pledging to unveil a debt crisis solution this month. governments on both sides are really at the core of the roller coaster ride and the pain we felt over the past few months. government is a big part of why stocks are down 12% from the highs earlier this year. losses that hit every ira and 401(k) in this country. several things need to happen and absolutely can happen to fix the problem. it is so fixable. european leaders have to follow-through this a debt solution. and here in the u.s., if we stop acting like ds and rs and fighting against each other and start working for the country, it would be better. it s really all about confidence. it s that simple. the economy boils down to it. it will be better than today
that actually makes the first six trading days the best in 19 years. why? the bottom shrine good news in a bailout for banks in europe. leaders are pledging to unveil a debt crisis solution for this month. governments on both sides are really at the core of the roller coaster ride and the pain we felt over the past few months. government is a big part of why stocks are down 12% from the highs earlier this year. several things need to happen and absolutely can happen to fix the problem. it is so fixable. european leaders have to follow-through this a debt solution. dpng it stops acting like ds and rs against each other and started fighting for the country, it would get better. it s really all about confidence. it s that simple. the economy boils down to it. it will be better than today and the american system works. that will help hiring and hiring means more taxes. there is an amazing statistic we pulled for you. 40% of the deficit will go away. that is because of increasing
trillion and there it is, right there, the number gets added to the national debt. martha: it is a frightening number, eric and, all of my time covering the issues, i have never seen people more engaged and interested in the debt, and it used to be, you talk about the debt and everybody s eyes glazed over and people look at the number and know it has significant meanings and wonder, is the country stable? i mean, can we survive this and pump out of this? and that is the question the fed and the president, the big question out there. needs to be fixed. what they are counting on, counting on the low, lower, low interest rate, almost zero low interest rate and the continuous stimulus plans they keep throwing more and more money into the system and are counting on that, stimulating growth and the problem is, growth is not expected to get back to normal, for years. and, it certainly is not creating jobs, the unemployment rate at 9.6% is elevated, alarmingly and it has been there for a yea