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He is not embarrassed about it and angry about the label thats associated with it and he said, these were federal tax dollars that came from my constituency and we decided to get how to spend them. Now, in my district, thats close to 400 and we have to sort that out. I will end with this, mr. Chairman, i dont like the translation, those folks ought to be in jail, if they are doing something they are proud, they ought to be on tv. We talk about spending as itas exploded inhe modern age. What has exploded is the ability to help hold members of congress and administrations accountable. Theres not a member in the room who has seen pork barrel because it didnt originate in 1990s or 1970s or 1950s. We have had the challenge since 19th century and the earliest days of the institution. I would like to believe that with your leadership where we have been challenged but i but to mr. Sullivans point of low e Approval Ratings, i dont want th ....
The plan european markets kick off poor on the back foot with stock falling and the dow at the lowest level since november of 2020 Credit Suisse is reported calling for reassurance fail to win over investors as shares plunge amid rising concerns over the Capital Position and restructuring program. Crude Prices Higher amid opec and allies will consider cutting output to put a floor under prices good morning welcome to street signs. We have a packed show for you today. Before we can talk about what is happening in the uk, i want to bring you the manufacturing pmi numbers we got moments ago of the numbers. This is the flashes estimate of 48. 5 versus 49. 6 for suggest the trend is on a downward spiral below the 50 line and we are in contraction territory. The cost of living crisis weighs on spending. I think we have been ta ....
When he made an offhanded comment about what it would take to solve this through diplomatic reasons. Well talk more about that. Just a moment. But a new cnbc wall street journal poll finds 60 of americans are against striking syria. John harwood will join us with that in a moment. But first, andrew has a rappup of the days headlines. The big one being apple. Apple holding a major media event today. Its expected to update you with its lineup of iphones. The company will likely announce it has penetrated the Worlds Largest mobile carrier, which is china mobile. In the run up to the party, in the past two weeks, apple has made buyups. Twitter is preparing to get public. They have purchased public Advertising Company mopub. The deal is expected to help automate ad buying on tweter. Unclear what the means to advertise on target. Chinas factory output grew at its fastest pace ....
Compensation. When we lost on the floor of the house, i was sure it would be turned around. Two factors. First of all, bill knows this, when a measure is coming up, the people who are for it tend to take for granted that it will happen, and the people who are against it scream and yell. You hear disproportionally from the antis. We heard from all the people who thought it was terrible. After the vote, people started hearing from other people who thought that not doing it was terrible. And of course and i would say this is not purely hindsight here. Hank paulson will verify this. We talked that night, and hank, who had done a great job, was in despair. The day the vote was going on, there was a gathering in the well of the house of the bipartisan leadership ready to go into the usual drill of trying to change members vote. I will take credit for going to steny hoyer and others if they do not do this, this is too serious, dont win this by these kind of tactics. We will pay a big price. I ....
Behind me and that did not happen. You did not negotiate. We could get a photo of you afterward. Ok. Well, lets go to a committee now, not a subcommittee. The two gentlemen to my right and left have had ample opportunity to sit in the stuffed chairs behind me. Barney frank cocreated the legislation known as dodd frank. To my right is the honorable bill thomas, who served in congress until 2007. He was the chair of the house ways and means committee. And for purposes here today, he was the vicechairman of of the financial crisis inquiry commission. To my left is a member of the fcic who i have known for many years, headed the cbo for 4 years, was john mccains economic adviser, and was on the council of economic advisers. A guy who, for whatever reason, when he calls me up to do this stuff, i always say yes. There may be people who do not know what cbo means. It is the Congressional Budget Office. Barney and i have one ....