for example, corporations currently are sitting on really vast troves of investment capital. they ve retained trillions of earnings over the years. if they want to borrow, interest rates are really low. if they wanted to invest more, they could do so. in terms of wages, well, actually, wages the president was wrong about that. wages have been going up. they were growing about 2% around a year ago. now they re growing about 2.5%. that s a little ahead of inflation. it is true that with unemployment this low, we d expect wages to be rising more quickly. you have to remember what the president is actually talking about is very complicated chain with a lot of links. corporate profitability goes up. that raises investment. that raises productivity. that trickles down, that s keyword, triblgs down to workers. every one of those links is fragi fragile. as i ve point out, the investment channel, they could do that if they wanted to. as far as productivity growth, reaching workers, well, that
saturdays. the more benefits that big companies have to raise your salary, provide more benefits to you, that trickles down. it s a good thing. your point is 100% correct. thank you very much. happy thanksgiving. you too. take care. senate republicans considering changes the rules in order to speed up the confirmation of the judicial nominees. we ll tell you how. new evidence shows us just how long folks have been making wine. perfect for thanksgiving. it s longer than you might have thought even if you reach your a1c goal
budget tells us that in 10 years the top 1% will get 80% of the entire tax cut. trickles down. leads to growth. will drive the economy. all of this in spending 1 plus trillion dollars will be netted out. do you accept that? i don t accept that. we already had the experiment. president he reaganing president bush told us 12 years that would happen. it led to the greatest deficit probably in american history. president obama raised tags and had big fat deficits. which way works better? president bush gave us the same thing about tax cuts lead to go growth and it didn t. we re in the fork of the road. if it stays the way it is, where are the democrats? i don t think there will be much support at all.
you have problems in terms of manufacturing. for example, these companies, let s say there are better equipment that comes out or their equipment becomes outdated. they may not have as much incentive to invest in new equipment, thanks for generic, because maybe they can make more money with tradename drugs. heather: it is all interconnected and trickles down. we have an impact on the patients. we have why it is happening. what can be done to turn it around? there are a bipartisan effort to get the fda to review different obligations better. they can review them against competitive drugs. maybe there s one manufacturer for a particular medication. other applications to have competitors make the same thing? vince shortage may not be an issue. heather: make it less about monopoly. what is the possibility of that happening, and how long will it take? it is unclear. it is bipartisan with susan
senator, the governor and be the new face? the democratic bench has decimated. these are just the senate numbers. when president obama came to power, down to 48 now. 257, now 193 now. te republicans have a majority of the governship. they ve picked up nearly 1,000. nearly 1,000 state legislative seats during the obama presidency. the republicans have a bench. their problem is going to be the competition and the young ambitious people trying to rise up. who s for the democrats? right down in the swing states, twonl swing states that have democratic-controlled houses and that s in colorado and nevada. most are controlled by republicans. this trickles down, not just the congressional level, there s a shortage of democratic leadership right now. and i think whether that sticks is what they can deliver. if this congress delivers on jobs and health care and on immigration reform. it could sit. i think watching the fight for nancy going is going to be an early indicator of the democratic