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Direction for the democratic party than the current one. laura: that november election in 94 was historically the house,fter 50 years, being shut out, went republican, gingrich rising. they were real ideas. there was a real debate about ideas. i say this to my democrat friends all the time, doug what is your ide how are you going to get the 4.7% gdp if the atlanta fed prediction is right? how are you going to get the record low unemployment for african-americans? how are you going to get business confidence? well, mueller. every time robert mueller. paul manafort. okay, i get it. that s important. but how will you make the lives of average americans better, doug? they do not want to have that conversation. let me say it bluntly. the democratic party is in a civil war between the moderates, a shrinking group that i speak for and represent in my own way, and the surging progressives represent basically socialism ....
Direction for the democratic party than the current one. laura: that november election in 94 was historically the house, after 50 years, being shut out, went republican, gingrich rising. they were real ideas. there was a real debate about ideas. i say this to my democrat friends all the time, doug. what is your idea how are you going to get the 4.7% gdp if the atlanta fed prediction is right? how are you going to get the record low unemployment for african-americans? how are you going to get business confidence? well, mueller. every time robert mueller. paul manafort. okay, i get it. that s important. but how will you make the lives of average americans better, doug? they do not want to have that conversation. let me say it bluntly. the democratic party is in a civil war between the moderates, a shrinking group that i speak for and represent in my own way, and the surging progressives ....
Thank you. mixed economic news today. commerce department says the gross domestic product or gdp expanded at 2.5% annual rate in the third quarter. that is higher than the initial 2% estimate for july through september. the fdic says the list of the troubled banks rose in the quarter from 829 to 860. sales of previously owned homes were down 2% in october. stocks took a hit today, some analysts say in part due to the north korean situation and the asian market to it. the dow dropped 142. the s&p 500 lost 17. nasdaq was down 37. finally, the federal reserve, its officials downgraded their economic forecast for this year and next. new number, maximum of 2.5% and 3.6% respectively. senior political analyst brit hume is here to tell us what the fed prediction tells us ....
Kokomo, tonight. thank you. mixed economic news today. commerce department says the gross domestic product or gdp expanded at 2.5% annual rate in the third quarter. that is higher than the initial 2% estimate for july through september. the fdic says the list of the troubled banks rose in the quarter from 829 to 860. sales of previously owned homes were down 2% in october. stocks took a hit today, some analysts say in part due to the north korean situation and the asian market to it. the dow dropped 142. the s&p 500 lost 17. nasdaq was down 37. finally, the federal reserve, its officials downgraded their economic forecast for this year and next. new number, maximum of 2.5% and 3.6% respectively. senior political analyst brit hume is here to tell us what the fed prediction tells us ....