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What it is is basically trying to drive down the yield in the long end of the yield curve and drive them up in the front end, in other words invert the yield curve. the thought process behind that is if we can get investments for the long term, don t hang onto their money for the short term that will stimulate the economy. now they tried that in the 60s, it didn t work, maybe in this environment that is just the ticket to get this market back on the up side. jenna: 215 is when we start to hear from the central bankers. we ve heard a lot. you ve said that traders are waiting for the right words. we ve certainly heard a lot of words on the economy. why does the fed matter most here versus hearing something from the president or hearing something from major investors? reporter: because the fed has followed through on what they ve said. we have not seen the leadership from washington. i mean look at what the market did after president obama spoke today. it absolutely tanked. why? because ....
Senator s panel s recommendations? maybe you can ask senator simpson that. thinkway, go to the america s asking portion of the home page of happening now at foxnews.com. you can log in using your twitter, your facebook account. ask your question, we ll pose it to the senator. we ve got him coming up in just a couple of minutes on the other side of the break. more happening now, don t go away. ....
Your vantage point, who gets the blame? is it both parties? is it both branches of government? if you look at that poll people were blaming republicans more but i think that ultimately people are frustrated with both parties in washington, and the president, while, you know, in that poll he wasn t getting as much of the blame is ultimately he s not running against congress for his re-election, he is going to be running against another candidate. if the economy is not doing well and our deficit is not getting under control and people don t feel like things are moving in the right direction he will be held accountable whether or not he gets the bulk of the blame in this particular situation. jon: i know you re not probably called upon to advise the white house regularly, but if you were what would you tell mr. obama to do? be a leader, stop the spending and make decisions that are in the best interests of our country. he had numerous press conferences over the past several days whe ....
A good word [laughter] anyway, and to go for number three on that, i think, would be a big mistake. then i think i heard the gentleman before say then starts the creep. everybody s talking about the little guy. the little guy is the guy who s going to get cremated when you get inflation kicking in and interest rates kicking in. the money guys, the big money guys that sit around all day and play arbitrage and back and forth and hedge and hedge that, don t worry about them. they ll always take care of themselves. but the tragedy is when you mess around with this economy like this and you have a predictable trajectory of debt, deficit and interest and you re not doing a thing to correct it, a real thing like $4 trillion at least in ten years, the little guy is the guy that gets hurt the most. what an irony. what a sick irony. jenna: senator, one of our viewers wants to know whether or not you ve been asked to jump into the race in 2012, whether to get back in as a senator, ....
We ve heard a lot of talk from people, they are optimistic. the hopkins family are here on vacation, they are spending money. a lot of them say they are making changes at home because they just don t know what the future holds. jenna: we have experience with volume tilt don t we going through the financial crisis. it will be interesting to see this a kwroupl years out. is there a feeling in general whether you re talking to tourists, or the market analysts that you re speaking to that the markets will actually improve? reporter: this is a tough point and sort of the crux that we re at right now. everyone has to decide are the companies that have sold off 10, 20, 30% over the past few weeks are they really worth that much less? what we re starting to hear from some of the analysts out there, hey there are companies where we ll see anxious buyers start to chip away from them. that will help the overall stock market situation, which we ve seen today. at the end of the day, jenna, we ....