Steve Pagluica 1-30

Talk radio widow and her. Five dollars and followed by Laura -- Lorenzo -- On Boston's talks -- may have a six maybe. -- URKO. Boston.

Good morning and it's nineteen degrees under sunny skies on Steve Douglas WR GO news Rod Blagojevich says tossing him from office and Illinois. Creates a slippery slope for future governors of that state his comments coming. As he defended his legacy as governor in his speech before the Illinois senate yesterday said he's done nothing wrong. And -- hourlong speech Blagojevich attacked every reason for impeachment in the trial including a charge of scheming to sell the US senate seat. Vacated by president Obama. A new chair for the Republican National Committee will be elected today as one candidate dropped out of the running yesterday. Chip Saltzman gain the wrong kind of attention for distributing a holiday CD with a satirical song on it called. Barack the magic negro last month there are still five candidates seeking the job which pays a little over 220000. Dollars a year. I was twenty year old Colorado man is in the hands of authorities following his indictment by a federal grand jury for allegedly threatening to kill president Obama the indictment says -- Gutierrez send email to the FBI eight days before the inauguration saying he was gonna kill the new president. Gutierrez is also charged with threatening to blow up cars at the mall of America in Bloomington Minnesota. The Justice Department says Gutierrez who is from Cortez Colorado was arrested yesterday. And is being held in jail. Prosecutors are protesters Tuesday waved flags held signs and chanted free Palestine during a rally in New York city's times square the demonstrators gathering outside a Marriott hotel last night where the American Israel Public Affairs Committee held its annual fundraising dinner ten protesters were arrested. After they handcuffed themselves to a police barrier I'm Steve Douglas traffic and weather next. With Malcolm Walter Riley and six AB WRKO.

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WR just go to control room 128 somebody got -- from the -- right by route nine back traffic comes to the -- The left lane shutdown is a big -- on the -- right now -- budget cuts and delays typing up a great -- avenue. North but you've also been an accident Randolph -- later -- funny affecting traffic right after the break we live. Money for 95 both during the layers the -- look out for five or 95 north you don't want to break coming before the -- for and buy another 1405 -- 93 solve. Just reported Roger.

By -- people are saying while when they discover Lowe's has prices that can't be beat guaranteed to find a lower advertised price and an identical item and they'll match -- plus give you another 10% off -- let's build something together. WRKO forecast sunny to partly cloudy today breezy this afternoon with a high near 36 occasional snow flurries tonight low near twenty. Right now in Boston nineteen degrees WR Joe sports. The Bruins lost to the New Jersey Devils four to three in overtime last night the Celtics were off last night tonight there in Detroit to take on the pistons game time 7 o'clock on our sister station AM 850. I'm Malcolm Walter WR GO news -- forest -- forum begins now at 680 WRKO.

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Numbers out of New York wall streeters getting bonuses last year almost as big in the more prosperous time of 2004 part of.

The need it is. Folks on Wall Street who are. -- we'll help to shoulder some of springer and shows some discipline and -- some sense of responsibility are a moron it's time for Teixeira and -- month body Nelson amber told -- Biden targets are twelve Sharon solo home.

Yet -- is a way down to Florida. He left yes you're right after the show so he's right now amazing and -- gorgeous sunshine sitting outside -- Having his urine of blueberries and seven near you on television Don Nelson with Todd the awesome. Nobody else and you know that's a fact the Interior Minister in the intro to. She really enjoy his -- are talking about USA was describing him as satellite may describe what the stimulus package event. -- he was complaining about the I thought it was complained mostly about the irresponsibility of the people on Wall Street getting these big moment I know I grew in this it's just like what they're doing in the -- in congress. She's not just the same day and never complains about no why are wise and turn that around we're supposed to myth that I need -- need time Monday usually well we'll start a double in New York people might not be looking in the direction of Washington 61726666. She were talking about the stimulus Tom in Natick. Here NW RQ with Todd bribery and -- Nelson filling in for Tom.

I ever get very high god. Yeah I wanted to put a wanted to point out there we're not owning up to the -- the scope of what -- problems all about it's eight trillion dollar problem. Not a one trillion dollar apply -- problem its global. Dom you have to do capital markets and unfortunately. The USA -- have to fix -- the end -- you do that the issue is. The Democrats. Through just thought I'm calling it the condoms stimulus package. But this stimulus package and a Democrat who's going in the exact opposite direction. From where we need to go -- We need to fix all the banking system we need to fix the capital markets it needs to be doing globally because we -- that we -- capital markets. Bomb bomb we really have to look at bomb bomb the banking systems. We have to look at the debt that's out there. Then and we have to look at that they're making sure that. You know we sort out this approach reaching out to -- to pull on the stuff we call. Toxic debt mom we we we needed we need to really go back and rethink that and to -- our way of actually doing it.

I didn't notice that exactly what -- doing now he once you start a sick bank. Com.

Yes you -- you know it's it's gotta be sort of in the context so the whole world champion sort of just in the context of the US. Let me let me mention that if we put -- the with the Democrats are taking -- Not only will we can do do we -- we will Nadal would be -- but what's so therefore one case will be worthless to we will -- port together -- I had won't play had arm -- just computer -- so quickly. 244000 dollar interest free loan ten years must be used for your mortgage payments. Every American family this well sure the banking system 41 year -- it'll all Americans feel more used to use but what they normally would pay for mortgages. To spend otherwise. It's as simple idea up. It would work it's something that we could put completion immediately. Armed because -- a loan it's not going to be our a bailout. But it would only have to be -- starting at five years. Interest rates and in but the sisters simple port for the most of the Democrat -- you.

I think it's it's it's not the kind of thing out Washington would be interest in because it doesn't put money into their control room addition amounts Magglio moral calculus no additional -- for thousands -- only two point four trillion. Not enough money to. It's too small you could expand. It's it's a vicious thing I did already -- about taking money for two point four trillion dollars -- the army daily until he says we need his mandate is already centrally treasury assure you know probably not true and final lead you to make sure. Then if we just had that Seagate trillion dollars on the vault than we've solved the problem roll back even. I don't know where the real I should before. How -- your true knowledge is I can't get much I can't conceptual ice really what do trillion dollars as well think about going to the moon three times and nurse tried another way.

I would argue this with a with a high school kids. Shipment is is this was only nice showing how much a billion dollars just demos -- commission to spend 10000 dollars a day okay. And this arrangement was made with you. On the to leave this country was founded in 1776. And who have been diligently discharging that -- every day 10000 Boston to seven days a week. He would still not yet have spent a single billion dollars. Why government spending three hours -- for now down back now. A trillion is a thousand times a billion pounds should use that -- only example I just did you have to be spending ten million dollars today. And you still would not get a spent a trillion dollars but that's how much and we're going to spend tree that's a great example to a MacFarlane it's just frustration towards another way of looking at a at a dollar second home. It's over 31000. Years. To get to its.

Again to a trillion dollar carrying six or 7266. Succeeds succeeds they sought to become a trillion -- guests know when signing -- the -- in North Chelmsford is there such a place welcome to WRK a -- and.

Good morning hello Paul pioneer of the very use of the consumer is not going to solve the problem friend it's the producer. We've got to get off the producers back we've got to free up. The armed for north and allow them to. -- And if we will do that and under the capitalistic that's statistics system. Capitalism automatically wipes all the crap. Focus -- record it doesn't last. So we need to get government out of the -- rules and regulations of the producers adult stem Purdue's.

She burden I think you're on the right track gonna tell -- stronger than I think you're right I think that they. We we are choking on regulations get the government out of the way government is the problem is not the solution however you want to phrase it. Just think about the politicians that have control of this would you turn over the operation home -- corner candy store. To Ed Markey or John Kerry national I would want to do that. We're gonna business and everybody would be such a wonderful thing to watch -- have -- in the entertainment value of Barney Frank charter -- the moral -- he imagine him with his -- acerbic hateful manner of speaking to people. -- Volumes worth.

The series for the Euro -- from there is a fundamental right there are some things we need government for granted. And didn't we know the human beings are part of government and they screwed up we know that human being strong business is well. Business. It is a better place for human beings should be screwing things up. Because business requires in general that that those things get -- try to marketplace rule exactly strong punishment if you do things strong business strong government doesn't government does because no cause and effect. However we door problem then you'll admit that business has gotten too big. We've allowed certain industries to become ruled by large companies where they've become so big they can behavior just like the government over long periods of time went okay. In the news and you know why I think they can do that though because of that somewhere in a boardroom somebody says you know we can take these chances because they were so big now that we additional -- the government none all your dodge and if we look at -- the Big Three auto makers what we see is disastrous. -- refusal told Tuesday seemed the obvious into adjust course. Year after year with a -- their car heading over the class and they just sit there -- well nothing can happen to us where GO PM -- Chrysler and the right governments don't fit the bill I don't think they have reasonable leave then necessary they -- had that -- hypothesis. I think the more realistic conclusion come to is that they were so big. Then GM your fear could still say we're the number one carmaker in oh era in twenty years Hillary won't grow more or how long allegedly Chrysler got bail out. The Chrysler did get bailed out but that's a one off her. And -- that the -- if you look at what they really had to look at that was number one status year after year GM. Could make lousy cars GM could not adjust its business model GM could sign stupid deals with unions well I and they thought they could get away with -- forever because they were GM. Well.

Look at it is -- and -- should they -- stupid deals with with unions the union power comes mainly from the -- of the government true and look what they're proposing now the Democrats. -- you know what's called card check where you you get rear of the secret ballot. -- the commune union shall be easier to form much more difficult to.

Only big bailout once that thing got started before 61726666. See everything the Democrats are doing is wrong is that a fair. Assessment of the response to the stimulus in the -- it's economically you know. Well and Ariel yeah let's keep your focus on economics has it's we're talking run independently I think there's some there's some tax cutting in -- but I know basically it's bad program 617266. Succeeds succeed until Wakefield Christian -- WR --

K I don't. Has one of them aren't quite shocked that he had a lack of number of people out there willing to. And not accept a recession. A recession and and of itself isn't so bad if it gets an excess -- it is true what doesn't work. Get this back to two production and what does work force sister correct -- been doing wrong or so years. And it. What's troubling is that I don't really care who it is they want to say it Democrat Republican. Independent. You know people grumble all are out there who are making. Great strides that they're getting to know that they can control Libya I'm out there I don't think. There recession should be resisted as much as it isn't. And it's.

I think you have thirty year each year confusion is that people don't know how to think about it and -- name you know which so long that we've been listening to the talk about. The government has to control these things the government has to mitigate the fall dead -- ever -- so upset and who wants to take pain when we become used to the good times.

Well in this being so let's -- everybody acknowledges that they're going to be some rough some rough times I think the failure goes deeper than that I think that there's a lack. Of education. Of how economics functions what the free market is all about. First of all as a political bias in the educational system against free market economic sure. And there's an appalling amount of ignorance about how the markets work and that's why people can be led to believe things. The government intervention is going to be a good thing. They can be they can be easily seduced by that because they don't have. -- fundamental exposure to market principles and by the way there's a -- front page story in the go to a stimulus bill would give state eleven billion dollars that sounds pretty good kid doesn't she she is really seductive and -- especially in these times who's going to turn down that kind of money even if I did just gimme 10% until we threw a perfect 617266. Succeeds succeed Peter were ring next with -- not be happier.

Hi Larry I adored. I have a couple of questions and I don't think it gave the Gainey can't dispute anywhere. One how many jobs we talk about creating and what will be the average cost for creating each one of those jobs.

Yeah that's a really cool last year I can answer the second one I know there there hypothesize and -- they gonna create to a four million jobs. But the actual lynching the second one has been done by calculation. Propelled -- she's going to be 240000. Dollars per job if you do not include. The interest on really borrowing that the government's going to have to undertake now. It's not clear that the going to borrow the money may they may print some of it. Which is up the cost of a different kind if you include the interest in other words treat this as if it's alone. Then the cost per job is 290000. Dollars. So 300 -- job 300000 dolls and -- I don't think that the job they created is worth that much she'd been viewed from the economy.

you talk about jobs that'll be paying probably forty or 45000 nausea -- and so is there is a little bit him and efficiencies sounds like built into the and generally.

In fact I'm glad that the that he made he raised that point because they teach and we had an address that question since you're absolutely right -- it. An extraordinary amount of inefficient simulate. You want to create jobs are you -- if you pay somebody a million dollars a year Bruce Simon your manual wall it said outside. John employees wanted a million dollars a year though we wind up around the water convenient you can create jobs you're willing to spend enough. He just doesn't make any economic -- Yahoo's business.

Well but if we get back to the whole notion of just giving people money. Beyond that the the heat there was a enough and number and one of the TV shows over the weekend there were talking about how we already spent two trillion dollars which is 17000 dollars per household in America and it's fun to start thinking about the did the stimulus money that they're talking about either going to hurt. Per person level first. Jobs created or per household we just took this money and dumped did dividend of people slap exactly ND 17000 per household what are if you -- half the households -- authority and then you start in 50000 per household if you targeted households that would most efficiently spend it. Towards certain is spurring economic growth and that's an incredibly powerful thing compared to all this model and I image search for -- real education and ensure condom did doling out which is the democrats' favorite I'm sure the Democrats if they can do -- trillion dollars for condoms and sex education -- would be to throw out what that program then they would call the stimulus that I can do rightly so they would be more accurately. Thus described -- you know I would.

Go -- good point -- we -- you take that 17000 dollars for her family give us. To the families same cost and I contend that hung on I'm seeing this intuitively is we've never done that so we don't know. But my intuition says we be a lot better off everybody would feel better.

Well way to same resource the banking system would all those mortgages would suddenly be caught up. Right -- square one is your mortgage gets caught up witches who would that really the root of this crisis. Is bad mortgages or being invested and that has cause the banking system to fall apart. No money available to for the for the business community it's a good take loans and maintain their normal business activities and that's really solve things -- like Cuba and does she crude giving everybody a new car -- 17000. Which by the way you could lead -- building without a tax credit for by an an American cars.

Just something significant that this is never put forward this -- never thought about by the people who Washington in you know why. Because if you just give the money to the to the taxpayer to the consumer to the American citizens. They do us right weather for the folks in Washington have no control over.

can't give an acorn and I mean how many Americans would be going out and spending money -- you give everybody 17000 dollars probably gonna erode the right no matter who the President Bush's expense 766686. Seed this is 680 WR jail on both former speaker of the house every other warrior news.

Well heard talk Thornburgh here on -- and AM 680. WR stereo -- branch Rush Limbaugh. Look at the stimulus plan and tell me if you can find anything -- to get government out of people's way. What we just heard the White House today it was smoke and mirrors and of course the drive by media that analyzed it fell for a high of course it's. It was well I remain in the enemy number one. Pioneers take the air those folks sure Rush Limbaugh or wizards Romo debris on Boston's talk station AM -- W walker.

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