stock market, wages, unemployment is down. that s data. if you look at more data in the economic equation, something that s important is the measure of home buyers. the home mortgage interest, they did a survey of this. interesting home mortgages at an 18 year high. it s a spike that s happened since the beginning of the year. there is something else. you used the term trickle-down. it was a bad phrase for the republicans to use. it is downward pressure from the economy, the economic activity levels crated by corporations, and individual investors. it is the upward pressure when you lift wages when you live tax burden, regulatory burden on the lower income scale. when you have over 80% of the people according to the irs data paying and they make under $50,000 a year, pay in the obamacare tax penalty and you left that from them, that matters to them. suddenly $1,000 for a person
people. that s $200 million you have injected into the economy. whether it goes into a bank or christmas present or knew of her hockey skates or baseball uniform, that s money spurring for consumer economy. companies giving bonuses, that means those people are going to use that money. it s an injection of consumer activity. that s the equation that matters. i would rather see a company like at&t give some of their employees $1,000 as a bonus check as opposed to the government subsidizing either health care or just handing out cash willy-nilly because it s very different when the government gives out our money versus the corporation trying to use bonuses as a reinvestment. big time, kennedy. i think daily person who used the word trickle-down was the democrat on the panel. we don t use that word, jessica. it s a democrats slur. it always was. i know some real slurs.
all democrats were bernie sanders? or bernie sanders? i believe it to be problematic that the party continues to shoot the left. bernie sanders, you are never going to sell on it. 80% are getting a tax cut of some kind. i wish they had gone for larger tax cuts on the individual rate they may be a little bit higher on the corporate side. we may fundamentally disagree whether trickle-down works. i don t believe it does. we ve seen the beginnings of bonuses, a little wage pump. this won t come into effect fully until after the midterm so we won t know how much americans are going to feel like they re really better off before then. i want to ask you about this. i want to ask you about this. there s a difference between