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Consumer feels more confident about their prospect for the future and that s something that is miss to go in the whole equation, and it s really tragic. larry, june is a problematic month for the markets generally. not all the time but a lot of times. then again may was suppose told bev that way, too and we still ended up on the month as a whole. so what do you think about june, this summer, how it looks? much has been said about this june swoon or this summer slowdown, and i think at the end of the day the stock market is actually fairly logical and the market will track earning, and earnings have been sluggish. if earnings improve and companies grow their business, the stock market will move higher. right now it s a show-me story and so far earnings have been challenging. the consumer reads the away and know in the first quarter the economy didn t from at all. completely frat. the onus is on demonstrating there s growth and showing the companies can hire and the middle class wage ....
Broadening its powers. remember when the securities and exchange commission said we need more cops on the beat to never found a lot of these other upon si schemers, so it s sometimes not a matter of more cops on the beat, so i always think we want the muffin first and we ll see the results later. we don t, we don t. it s like a show me story, give me the money, a and i ll show you the results. this is not a private company where you re giving them funding and you re seeing profits and results. the more money that goes into the irs, is money that s coming out of the broad economy. it s contracting from future growth. show me an example of how this is going to grow the american public and put people to work and grow the economy. i just want it on the record for anyone in the irs watching, you are the guy who says don t give them another dime. they can show up at my house. ....
What will the deal look like now? harry reid talks of a deal that is imminent, the shop day shopping season can amount to 25 percent to 35 percent of retail sales. that is key to the economy for christmas. it is a huge percentage of overall sales. everyone should be caution. cautiously optimistic but cautious. it is a show me story. neil: we will see what the markets show us next week. to north dakota republican on whether a deal can be done. what do you think? guest: we can get to a deal. i am pleased the results of the meeting today produced some optimism on the part of leadership and the president. but we have laid out the principles for a deal, and now it is a matter of getting them done. neil: if it is the principles that include revenue and speaker boehner agrees to a rate hike, not just limiting ....
neil: maybe we saw some bright spots today and a lot of it is based on the view that putting together a deal looks better just from the language used today and i don t know if there is truth to that but i wonder, you can put together a deal but if it is a bad deal wall street will sell off and the rating agencies will downgrade you. what do you envision? guest: it is a show me story, and investors and voters and consumers alike have every reason to be skeptical because we haven t seen results. there is a lot of talk in washington, the feel good moment, everyone said we will make a deal but what will it look like? if the small business owners have to unfairly bear the burden , it will wands up taking it out on the workers. they will lose out in the process. ....