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Particularly the u.s. economy which a lot of people think may go into recession at any time, is quite vulnerable to anything out of the ordinary. you think back to how recessions begin. they sometimes begin when there s a supply shock around something like energy. i m not saying that that s going to happen this time, but i do know one thing. the u.s. consumer is very, very vulnerable and particularly middle class and working class consumers spend the majority of their income on things like food, energy, gas and you even saw l i ll note this past summer during vacation season, people scaling back on gasoline purchases because they were already feeling that their budgets were a little tight so it s going to be interesting to see if we get a spike at the gas stations, what that s going to mean economically and politically. if saudi arabia is successful in doing what they said in that they re able to get these facilities up and running very quickly, would we see anything? you re not se ....
He said we re on the verge ofsoh immigration. i think jared kushner has a 600-page plan on the way to capitol hill or already there which i think is going to include handling illegal immigration, trying to come together on some compromise. if that s racist, boy, we really are in b trouble in the united states. that s a big, big deal. if they rere working on that which t they ve been working ont for about eight months, and people are going, this is racist,, then we re never going to make any progress on anything. is it kind of if it s a fifth, we d all be drunk? are we really in the third year in if this is really happeningtg deal. laura: what did obama do on the border? he deported more people than trump.then he s a racist. that s right. laura: then barack obama is a racist under that dynamic. that makes him a president. laura: i don t think he s a racist.so you re in favor of the deportation. we re agreeing here, trump is the president. we re agreeing that trump is the ....
I mean, the problem with t bernanke here is that theere is markets are going to be to wondering, does this guy haveisy the stomach, the guts, the intestinal fortitude to take the punch bowl away when heforto sees that the inflation couldnfi be a problem. a proble i think a lot of people areeo worried about that.ie the fed chairman does not haven that credibility. they could be in a lot of b trouble. especially with the interest rates having been the near zero now for over a year.ra the question is that that is the question in the market.stion but how do you explain this revolt against bernanke in theit bernte? you have 30 votes against him,ta the most ever in 1984 only had i 16.ad that was the second most, and that was of a a really, reallys brutal recession. so what is this? what is this a rank political op possible tunism well, if there is a political move to interfere with the fed, the fed has brought this on itself ints part. there is a big problem with the bailouts beginning ....