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Inconceivable. but it shows, it speaks, i think, megyn, to the objection nance, to the stubbornness, to the sort of tone deafness of the obama administration as a whole. megyn: what about the stubbornness on the right? if you really want to get serious about cutting into this debt, then what you hear from the left over and over again is you have to have increased revenues in addition to entitlement spending cutbacks. you ve got to have revenues. and that s why they continue to point to the right saying the right also won t cooperate. and by the way, let me just point out the dow is now down 500 points. the dow is down 500 points. oh, my gosh. here we go again. megyn: it was down last thursday, it rebounded the next day, but i call it to your attention. well, i wonder if markets don t react to president obama standing by his guy, timothy geithner. business people are seeing right through this. i talk to entrepreneurs and business owners all the time. listen, in the midterm election ....
As you know, in iowa trying to vilify paul ryan and any republican that tries to do anything to get our medicare and our entitlements under control. and what does the president do now after we re heading toward under 11,000 points on the dow? now he s saying, well, maybe we need to do something about medicare. well, no kidding. we ve been talking about that for, now, three years, and instead megyn: how does this play politically going into a year in which, you know, we re in a countdown to the next presidential election. this, obviously, happened on president obama s watch, and people will argue about whether you can pin it on him and democrats in general or not. obviously, you have an opinion on it, but what do you plan on doing with this politically? well, i mean, first of all, this is serious. i mean, this is not about political games. but i think the people in charge need to be held responsible. we ve got a president who s not engaged. he s engaged with press conferences and sp ....
Against him, i hope we do not do that. i don t think there will be any kind of a filibuster. last year we had 100-some-odd filibusters, totally unprecedented and that is the lazy person s way out and the american people pay us, and elect us to vote yes or no. both not to vote maybe. juliet: and the senator saying he believes the president s eventually nominee will be confirmed before the high court s new term starts in the fall. dave: the dow closing in on a major milestone in its long come back and missed closing above 11,000 on friday and actually went over 11,000 and backed off a bit. and the dow index now up 70% from the lows of more than a year ago. and, 70%, what does it say about the economy and will it help with the joblessness, cody willard, joins us and is also the host of happy hour , it s not just a few powerful stocks ....
History but the 10% unemployment, trying to congratulate the cycle, they are the living proof of his policies. gregg: 70% up on the dow and let s hope it is rational exuberance. right. gregg: thanks. juliet: never mind the slowdown in the real estate market, and, across the country you can hear, the sound of swinging hammers, after years of quiet, new medical schools are popping up creating a construction boom and rick leventhal has the story. reporter: if you are looking for an industry booming in america, try medical schools. commonwealth medical college in str scranton is building a facilitate, helping to fill a predicted shortage of tens of thousands of doctors over the next decade. they are overworked and have more business than they can handle and look forward to having a new generation of physicians help them. reporter: there are 131 ....
That advanced. it is a fairly broad-based rally, isn t it? what does it mean. put it in the context the market was down 06%, the bottom and we have come off of that, but absolutely, whether talking about the somewhat arbitrary number, 11,000, on the dow jones industrials, it doesn t matter when you, as you introduced there, you step back and realize, it is a 70% move off the bottom and anyone weather a 401(k) or ira, or stock account, they can see they have huge gauges over the last year and that is a good thing. gregg: yes, but talk to us about corporate profits. a lot of corporations, have been reporting profit. i wonder if a lot of that is attributable to cost-cutting. absolutely. i mean, that is one thing we saw, as we started heading into the world s great recession, and, you saw these companies lay people off and cut back on anything they could. but, as the demand has returned, over the last 3, 6 months, maybe ....