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That people who write off the mortgage the interest costs of their mortgage on their tax, that is, they itemize and they deduct their mortgage interest costs on their tax, they re going to not be able to take that deduction, and their tax liability will go up. now, that doesn t mean it s a bad idea. the republicans are look iing a that, kind of in the upper chunk of the wage scale. but nevertheless, politicians often make a run at this, and they one right into the real estate industry and they run right into a lot of kind of affluent homeowner who is don t like it. that doesn t mean it s a terrible idea, but it s an awfully heavy legislative lift. okay, jared bernstein, come see me goon soon. my pleasure. thanks. the president playing to his base, but the poll numbers keep falling. what s behind the is tdisconnec? that s next. ....
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We don t see any movement on the big legislative issues that he has talked about. health care reform is looking dead in the water. the plan is so bad that some are conjecturing it may have been designed to fail. honestly, sandra, i think this was a huge missed opportunity. i expected this president to come in and focus like a laser on the economy and jobs and providing for that working class base. sandra: some would quickly intubate question your comments based on what david just stated about the stock market and job growth. the stock market doesn t help but a lot of people in kentucky here. sandra: retirement accounts are tied to the stock market. i thought he would come in, democrats were ready to work with him on a big infrastructure bill, something they have been wanting to do for a while. he could have taken that up in ....
We don t see any movement on the big legislative issues that he has talked about. health care reform is looking dead in the water. the plan is so bad that some are conjecturing it may have been designed to fail. honestly, sandra, i think this was a huge missed opportunity. i expected this president to come in and focus like a laser on the economy and jobs and providing for that working class base. sandra: some would quickly intubate question your comments based on what david just stated about the stock market and job growth. the stock market doesn t help but a lot of people in kentucky here. sandra: retirement accounts are tied to the stock market. i thought he would come in, democrats were ready to work with him on a big infrastructure bill, something they have been wanting to do for a while. he could have taken that up in ....
Don t know about panic. we do a lot of trade with did chinese and bad for american economies when the economy slows down and people in china knew that. they have this their stock market doesn t work quite like ours. so it s not news that manufacturering slowing down in china. what is news is if it keeps happening over and over in china, it causes panic and make the chinese economy worse than it was and having bigger effects in the united states so that s the thing worrying people in markets, here, europe, everywhere else. good call or bad call for the safety net? the rules to stop sudden panics. we have a rule like this in the united states. if the stock market falls 20% in a day trading stops. it s not happened since 1987. the thing is china s still working through already known information about the fact that they have an enormous stock ....