of cash back into the u.s. you ve seen the effects of the market. it s making new highs literally almost every day in the last two weeks. charles: john, sounds like you used president carter. what we didn t have, he went on to say the president does influence business. that s one of the key components to what we re seeing in this economy. business spending doesn t get press but it s a renewed confidence that is making a big difference. what are your thoughts? carter got it backwards. he forgets his weak dollar policies put a big chill on businesses, the stock market just as they did for george w. bush. ronald reagan had a strong dollar policies. the idea that presidents don t impact the stock markets is fool hardy. you hit on the crucial point. impeachment is not being pushed out of office. that would lead to massive gridlock which markets would
in fact, generally speaking they get back 4.8%. i m going to put a few kernels into their pot because they are not paying taxes. let s look at another group. this bag represents people who earn between $30 and $100,000 a year. that s about 40% of households in the united states. this group represents a contribution of 18%. 18% of the total personal tax revenues come from here. i m going to put about two handfuls of popcorn in the bowl to represent the taxes they pay. this bag represents people who earn between $100,000 and a million dollars a year. $100,000 to a million a year. that s about 15% of u.s. households. guess what? this group contributes more than 60% to the total pie. i m going to at that in, about six handfuls. you ve got three, four, five, six and a few extras. that s how much this group people who earn between $100,000 and a million dollars put that much into the total pie. now let s talk about the group president obama is referring to when he talks about the
the folks at the brookings tax policy center helped us put this together. these different groups of popcorn represent your income level. the bigger the bag, the bigger the income level of the group we re talking about. i want to use the popcorn to demonstrate how much of the total pie, how much of the total tax revenue is generated by each group. let s start over here with the little one. these are people who earn less than $30,000 a year. that, by the way, is about 44.8% of all households in the united states. they don t pay a lot in income tax. in fact, generally speaking they get back 4.8%. i m going to put a few kernels into their pot because they are not paying taxes. let s look at another group. this bag represents people who earn between $30 and $100,000 a year. that s about 40% of households in the united states. this group represents a contribution of 18%. 18% of the total personal tax revenues come from here. i m going to put about two handfuls of popcorn in the bow
but, does the president how much patience do you think voters will have on the issues of gas prices? it seems to me to be the one issue that hits them in the pocket book, especially if if they have to get to a job interview and to school and affects us in our everyday life. is there something else he can do? yes, politics, when you move past the talking points and the rhetoric, the president knows that he doesn t have a lot of credibility on the issues so he s going to do two things, one outline as he did today in the state of the union, his all of the above policy. he knows it s not going to work, because people are exactly as you discussed, jamie, they re frustrated, nervous and impacts their daily lives. but he s made speeches at alternative energy plant and he obviously is aware of what the alternatives are. he knows the alternatives and knows it s not a quick fix. what the response is going to be is negative politics. jamie: okay. but jamie. he s going to attack the dol
glenn: do you mean it s a tax i m playing the perp just looking at it. now at their computer like wait a minute, the weiner chest is interesting but what? they re stealing money? our money is now worth less because i can buy fewer goods with it. but the government can print more money doesn t feel that. because the government can print more money. the government gains based off my loss. that is a tax. glenn: they re causing inflation. you can t buy as much, you have to take more dollars to buy the same thing. inflation. prices are going up. weak dollar prices weak dollar policies. chinese officials say the u.s. assumes a weak dollar policy. basically, inflation. do we have inflation now? yes. china pumps big money for oil, food and minerals. this is the one we just went on. look underneath it. china officials sees risk in holding u.s. excessive