Es always about money. Melissa president obamas bipartisan rhetoric after the midterms apparently just lip service. Fox news is learning that the president is firing up his mighty person unveiling an executive order on immigration order next friday. As senate prepares for a vote on Keystone Pipeline the white house already hinting at veto. Here to discuss were waiting on very own charlie gasparino. We have empty seat on the set. Im sure he will power in her any second. Veronica daguerre from wall street journal. Jack otter from barrons. Thanks for you two guys being on time. Veronica, the president is doubling down on policies that got his party kicked out of washington. He seems to be committed to that and America Melissa thanks for joining us, charlie. A seat right here. Im sorry i was on the phone. Keystone to go through. Both sides of the aisle look forge that. Looking to make that happen. Because they want jobs created from that. They want that policy and they want cooperation in
That the first two years of the obama administration, the economy went nowhere but down as there was a lot of government activity than the last two congresses in the last four years things leveled out. With Interest Rates low and the government not doing much, american businesses did well. With oil prices down weve seen a boom in the economy. If the government can stop doing things other than taking apart what theyve done or diminishing what theyve done well be in good shape. Neil we put together something fun to show how the dows performed juxtapose against the number of new builds and legislation, and it does indicate what you are saying when. Things in terms of what congress is churning out on either the senate or the house, markets did better. With washington getting out of the way, stocks were up up and away. It makes a lot of sense, american businesses do better when the government doesnt interfere with what theyre trying to do, i think the first two years of the obama administra
Jack Senior Editor. We have Veronica Dagher of the wall street journal. And todd. Jack, what did you think of this . I thought the number was good enough. What i was struck by there was strength from the consumer and weakness from business purchases. When you have gdp, thats fine because its dominated by the consumer effect. When you get to wall street earnings, its just the opposite, thats dominated by business investment, not by Consumer Spending. I think theres still a lot of weakness in the economy out there. Melissa yeah. A lot of people in the middle class who are hurting. The American Consumer is carrying the day right now. Well see if that continues if oil prices creep up. Were not seeing wage growth and pressure on exports as the dollar gets stronger. Melissa how do you go from five to 2. 6 . Thats a big decline. Plunging oil prices caused them to pull back on certain asset purchases. Melissa speaking of oil, check out oil. Crude spiking after a new the sharpest drop since 198
Not so hard charging bureaucrats get the score of another day in another place despite losing hundreds of millions of dollars the past few years. The difference of course, is mcdonalds shareholder pay for the executive missteps. We pick up the tab for bureaucrats missteps. What uncle sam with learn from Ronald Mcdonald . At least in Ronald Mcdonald, he kicks himself in the buns. What do you make of this, john . Well i think if you take the fortune 500 ceos and executive Vice President s or upper management and think how many of those guys could run something in politics . And you would think nearly all of them or most of all of those guys could do that. But you look at politicians and you ask how many of the guys, the bureaucrats could do the job of the fortune 500 ceos and think none none or few of them. Thats the difference. The private enterprise is a true meritocracy, if you dont do well, people are moving up. Politics is a favor system. Its the Isaiah Thomas symptom. You can fail
That the first two years of the obama administration, the economy went nowhere but down as there was a lot of government activity than the last two congresses in the last four years things leveled out. With Interest Rates low and the government not doing much, american businesses did well. With oil prices down weve seen a boom in the economy. If the government can stop doing things other than taking apart what theyve done or diminishing what theyve done well be in good shape. Neil we put together something fun to show how the dows performed juxtapose against the number of new builds and legislation, and it does indicate what you are saying when. Things in terms of what congress is churning out on either the senate or the house, markets did better. With washington getting out of the way, stocks were up up and away. It makes a lot of sense, american businesses do better when the government doesnt interfere with what theyre trying to do, i think the first two years of the obama administra