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And the president hammered republicans for sticking to their same old tired plan of full repeal. we now know for a fact that repealing the affordable care act would increase the deficit, raise premiums from millions of americans and take insurance away from millions more. the 50 or more votes the republicans have taken to repeal the law could have been 50 votes to create jobs. the debate over repeal should be over. i recognize their party is going through the stages of grief, anger, denial, all that stuff. and it s we re not at acceptance yet, but at some point, my assumption is that there will be an interest to figure out how do we make this work in the best way possible. we re definitely not at acceptance yet. but i can think of about 8 million reasons why that can t last. ....
more than a quarter million kentuckians lost their plans that they had and presumably wanted to keep, despite the president s promises to the contrary. governor, what s your reaction to that? well, ed, you know, it s the same old same old. they act like a broken record. they keep repeating it doesn t work, it doesn t work. and, you know, the answer is pretty simple in kentucky. look at the numbers. we ve got 188,000 people that have signed up for affordable health care in just four months. they started out signing up, ed, at about a rate of a thousand people a day. and that amazed us. we said that can t last. well, it didn t last. now they re signing up at the rate of 1500 people a day. i mean, this thing is skyrocketing in kentucky there is a pent-up demand for affordable health coverage in kentucky. 40% of the folks that have signed up so far are under the age of 35. ....
Not doing very well, quite frankly. and the stock market is the place to go because many other investments don t have much in the way of returns. the federal reserve is trying to push people there. it s trying to push people into riskier investments to try to stimulate the economy and it worked. we ve seen gold and other commodities go up and have seen the stock market go up. i think the important thing is these are big companies. the dow jones are big companies and yeah, they re doing fine, but the job growth is traditionally associated with start-ups and one of the characteristics of this recovery has been not enough new businesses starting. that wouldn t show up in the dow. that s what s missing. that s where the help s going to come. i guess the last thing i would say is unless the fundamentals catch up, unless we see the kind of income growth that we haven t seen so far, this can t last. you cannot defy reality forever. let me show you, i want to take a look at the dow again sin ....
The federal reserve is trying to push people there. it s trying to push people into riskier investments to try to stimulate the economy and it worked. we ve seen gold and other commodities go up and have seen the stock market go up. i think the important thing is these are big companies. the dow jones are big companies and yeah, they re doing fine, but the job growth is traditionally associated with start-ups and one of the characteristics of this recovery has been not enough new businesses starting. that wouldn t show up in the dow. that s what s missing. that s where the help s going to come. i guess the last thing i would say is unless the fundamentals catch up, unless we see the kind of income growth that we haven t seen so far, this can t last. you cannot defy reality forever. let me show you, i want to take a look at the dow again since march of 2009. that was the bottom. dow was about 6500 back then. take a look. at the bumps up, they tended to correspond, believe it or not, t ....
Say is unless the fundamentals catch up, unless we see the kind of income growth that we haven t seen so far, this can t last. you cannot defy reality forever. let me show you, i want to take a look at the dow again since march of 2009. that was the bottom. dow was about 6500 back then. take a look. at the bumps up, they tended to correspond, believe it or not, the first time with the fed injecting a lot of money into the economy. the second time was qe 2. and the third time was qe 3, last september, the third installment of quantitative easing, the fed throwing money into the economy. they are putting $85 billion into the economy every month. we just struggled with talking about taking $85 billion out of the economy over seven months. look at all those times. what does that say to you? well, doug is right, the fed is pushing people towards stocks because they re keeping interest rates down on a lot of other securities. but you can t get a return by putting money in the bank. ....