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We have no evidence of that. their polling showed the same thing that gallup and others showed, which was he was hurt by this fundamentally dishonest campaign about what would happen with the sequester. is it going to lead to anything over the next few months between now and the end of july when the debt ceiling has to be raised once again? it s up to barack obama. well, he says he wants a balanced approach. not going to get a balanced approach. entitlement reforms, medicare, social security. but he also wants to deal with tax reforms. not necessarily raising tax rates but eliminating loopholes, deductions. if you eliminate loopholes without cutting rates, you then in effect have a tax increase. that s what he wants. tax revenues. what republicans ought to say, we re for a balanced approach. part a was the tax increase you already passed. in order to avoid the fiscal cliff? yeah. so let s take that as the first half of the deal and now we want the spending half of t ....
this is great news. it is five years later as you say. we are revisiting levels where we were before. service companies on fire here. housing prices up 9.7%. almost 10%. that drove the news today and the markets higher. but everybody is looking at the federal reserve. because it s been cutting rates. zero percent interest rates over a period of time that had driven this market higher. take a look at this chart here. you can see every time the fed cuts rates, the dow moves higher. they move in lock step. shep? shepard: explain the big picture of the economy if you would, gerri. well, here is what is interesting. the market is way out in front of what the stock market is way out in front of what is going on. and the economy more broadly. main street, wall street, complete disconnect. the economy, of course, not growing very quickly. 1.5%. personal income was down 3.6% in january. and, of course, the big kahuna number unemployment up 7.9%. it s not all good news. but i have got to ....
At $35,000. third way likes the plan and says it could raise $1.3 trillion in ten years without raising rates, but they want to excluz charitable giving. what do you think about that plan? people say the democrats are terrible at negotiating, this is exhibit a. this was the romney plan. he was saying toward the end of his campaign, forget about cutting rates. we ll just cap deductions. then he lost and this centrist group says we ll take the romney plan. we are now in day seven of a hostage situation where if obama just does nothing, all these great tax cuts go away. so this idea being floated republicans and some democrats are putting it forward saying, okay, let s leave the marginal rates where they are. but we ll make the rich pay more by taking away their deductions. the problem is all the money in the deductions is in things like ....