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Whether this is right or whether it s wrong. right now, we re in a very nascent recovery, some might say we re falling back into recession. if we raise taxes, very quickly, i want to go around, you tell me what happens to the economy. eric? double dip recession. gary. ditto, double dip. chris? you see a stimulus in the economy and we see more jobs created and we come out 7% unemployment. that s what you re all afraid of. you don t want to see obama reelected. brenda: toby. no, this is bad because it takes capital and money out of our economy, 101. brenda: jonas. the tax increase is it not very good right now and hopefully will discourage them continuing to spend. brenda: okay. you know what, eric and i are both going to run down to the store and buy a tie. and that s ....
Back and it s tined kind of two things. where you need to do cuts and the other thing, and if we don t make our debt payment. brenda: but, eric, the question is, now? no, not now, not ever. don t increase taxes at all. the only thing that seems the job market is why not increase now. when you increase tax you drives businesses away. jonas, you d punish the people, taxpayers because they re spending in washington and that s going to make them stop spending. what are you smoking there my friend? what it should trigger, it should trigger a flush of washington d.c., the whole congressional delegation, down the toilet. start over. and not raising and it s to be saved. hold on, jonas, go ahead. what am i smoking? i will tell you that the alternative is no punishment for in the cutting spending, balancing the budget and hasn t been worked for a very long time. ....
And the trigger should be triggering cuts in the the run away benefits, medicare, medicaid, social security, and if people are going to live to 65 years old. you want to nickel and dime people who don t have a lot of nickels and dimes, toby. and kill the economy because it kills our dollar and it kills, the interest rates. and kills 600 billion dollars in tax hikes. now what. and let me, let me let s let jonas in here, he may surprise you. okay, anything, anything, that is a punishment to not cut spending is a good thing, a move in the right direction, a perfect note. brenda: even if it s tax hikes. right now there s no punishment for cutting spending and the we need to borrow money all the time at low rates and bond investors will be happy to know, if we gent cut something, at least tax refer knew to pay them ....
predictions, jonas on the hot seat. we don t always like insurance companies, but play an important role in like this. spdr, etf s. brenda: gary bull and bear. i am a bearish, another leg down for this one, unfortunately. brenda: your prediction. another leg down, oil, i think it s doing to drop and doug, the opposite way, i think it s up 25% in the next he three months. brenda: jonas, bull or bear. i think that oil is going down, too. brenda: all right. tobin, your prediction? all right. tivo, now on your dvr, you re going to be able to buy stuff and bolling could buy a tie. brenda: and 50% one year, bull or bear. i don t like this one, dead money. brenda: and eric. sold 16 municipal buildings to close budget gaps and looks like they re looting the treasuries around the country and the only buildings they ....