Steve Syre-gas tax

Speaker Finneran with the state -- things were reasonable -- Feinberg I. I thought boy I don't know I don't like when you aren't a lot sooner -- store them.

I'm okay IKI am never going to bail out of you guys. What what did you say about Laura Ingram.

Well it -- and try and -- to get awfully fresh and I had to work kind of stepped in and establish a little the little more prophets when she wasn't feeling well this morning she canceled on us that's also we were speculating --

I don't think well yeah yeah little speculation on her relationships.

You know I know we're talking about that the polls this morning but I gotta tell you one quick story. The -- I work with the -- rights economics -- Gavin. He's talking to me the other day and -- this story about. People who are angry about bail out pollute about that. The home bail out the auto bailout the other bail out these looking person people are angry about it that I no place I listened to every once a lot of angry people. So anybody out there wants to talk to archive -- Gavin. And perhaps being in this story about dead people angry about it. -- noted art Gavin GAO BI and the globe dot com and send him phone number and they'll give you call back.

The Orioles will -- veterans on -- I'm happy go -- are like afraid you know speaking of the anger there's this guy from CNBC has been all over the news today because he freaked out yesterday from the floor of the Chicago. -- extra whatever that exchanges and end it was actually yelling to all the traders there. About you know tell of how pissed off you are proper rocks housing plan housing bailout beyond what what's gone on what this anger.

In there's a lot of W mirror every morning. Every single morning.

But it's it's one thing to hear from the general population to hear people who are very sophisticated about investing in and who were in the investment media world I'm surprised to hear somebody electric sent tele freaking out well I hit a -- is my theory on -- okay you get you get Fed up Sentelle is probably playing by the rules. In seeing bad behavior at both ends of the the even comes spectrum. Being rewarded -- at least you know who looked at almost any differently so. The CEOs of still pocketing bonuses and patting themselves on the back. And the folks who never should have been in the game of homes and mortgages in the like they're going to get build out as well. I guess I suspect at this mr. sent -- whatever his name his confronts himself and that middle we have Steve and you and me and -- and all the rest of us live and you say wait a minute. There's no bail out for us we have no expectation when we don't approach life right for a subsidiary handout. But you see it being given out Willy Nilly all over the place and you know that you are paying far chart your pain and try and that's right after. There's a limit so the water keeps rising and rising to see bail out one bailout to Billups rebuilt before finally say -- he just say bleed you that's its tires or you're saying now.

I didn't ably used so far but -- The delegate Laura Ingram has been on either. Pop pop pop pop pop up.

It is diseases where you think the anger is that that if people are being asked to bail out those have been the most irresponsible.

Yes absolutely and pick it up I'd edit entity you know just done on the mortgage issue to pick one out of the group I think it's very understandable to -- You know it here's you know a world of people -- You know not only. Sticking to their guns and paying your bills but obviously at different times and in the course of ten or twenty years you know go through some tough times and slug it out now. Not only is somebody else getting a break but he may have you know done something real -- absolutely irresponsible but I don't get any kind of -- cap that I got paid for the -- You know I I think that's absolutely understandable why people or about that in the end. Everybody agrees you gotta do something right now but nobody knows that that. Any particular plan is actually going to workers going to be the best idea so it's it's not like you can say are able to navigated but this'll work I mean maybe it'll.

Yeah I see something dangerous going on here which is that that somehow on each step of this each new announcement about a new bailout. That there's are growing anxiety in me in there wasn't damage anxiety several weeks ago it seems to me. That president Obama's to successfully selling everybody on the need for his plans. Or his plans themselves are creating anxiety that's going to make it harder for us to pull out of this.

I well I think. I think there is a lot of rhetoric that goes with pushing through plants like -- that does. Have an effect but I think there're there're a lot of real life. A sense that I think people see that. -- show them that there are big serious problems and it you know we're in this stage right now where you can't find the bottom of this and and I think that's -- scary place and if you look at the stock market right now very recently. You know the market has gone back down to those law places in the bottom of November because. Exactly Vista business anxiety that we're not -- finding the bottom and you know particularly the bank stocks have been extremely weak and you look at how old you know historically -- Citigroup is trading in and you wonder whether. You know it's trading as if you know one way or another Citigroup is going to be nationalized or or something worse. And I think if you look at does a lot of other banks are built like that -- news just. It is that that place we -- you know things are getting worse but the bottom does just that you know a black.

Yeah but I am interested in the government's role in trying to alleviate this we're spending tons of money but I'm starting to get the feeling that we're going to be looking back at this period. And saying all the response of Bush Administration through Obama administration has been too slow too cumbersome. And maybe not hefty enough and targeted enough at the specific needs in other words I feel like they're blowing it.

Well I I just don't know of their blog or not -- You'd you'd you'd think we should be spending more at least.

Are more totaled callers but we should be. More precise about what the problems are this what was so wrong about the stimulus package is that it became a generalized spending bill the idea being if we just dump money. That'll make good things happen and I don't think that approach is good enough I think they need to really may be all I need to veto it is propping up the banks are getting the bank's healthy and letting everything. Come on and it's dead or maybe they need to be taken this trillions of dollars. And carving it up into pieces and giving it's the worst quarter of America server he has lot of money to spend I just feel like there's. It's it's being spread out for too long it's too generalized. And that -- we've got growing anxiety if you grow anxiety instead of alleviated that's going to create a selfish -- prophecy.

Well I I think there I agree with you there is a lot of anxiety right now I I think this is that this stage of the process though wary is that would be inevitable that matter. What government was doing right now no matter what the circumstances otherwise were right now. Did this is a period that would be his serve maximum anxieties so it's not surprising in that respect but. But you know I agree that. It's pretty troubling.

I don't the president went up to Canada yes and they were they were doing that yes weekend thing -- these people -- with the program director at that they -- and that's French they were doing an old English -- for months ago -- still -- about Iraq right now in this country pays -- talking about this a -- of -- of anxiety across the economic spectrum so -- feel the reason for -- For a particular for a local audience he of the the governor's gas tax proposal -- it in in the midst of all this hue and cry and anxiety and angst. How do you think this plays in Peoria.

All everything -- kind of a a big number right to be honest I didn't I didn't mean that we all knew some gas tax. Plan was coming down the icann and I have to say I have no idea what the real number was when he was throwing out as we talked about before. He was thrown out a million different numbers and testing them all out but. I think as say hey reaction that. That nineteen is is kind of shocking number to me.

Charting a shockingly high.

Well I think it's a bit that they did. I I can't tell you what a number really would've been but if I had to guess I would've bought it will be less.

Well for perspective California which just passed their finally their budget. They needed emergency taxes or 42 billion dollars in the hole they well with a twelve cent per gallon tax increase on the gas.

They did yes lots of taxes lots of budget cuts and alike and I actually think the final package that gas tax increase at -- might have been knocked out the Republicans vote they had to get. He used as leverage. To get rid of the -- to get rid of the proposed twelve and a half cent increase in the tax that's one of the reports that are just got up so.

I think it's easy to jump on the balance is raising yeah that's -- in an NRA I appreciate that the issue about. The legislature and -- wasteful spending I think you have to recognize though that there are a lot of six big probably cost that that Patrick inherited in this whole process that we can't really do anything about it and you know more. The Big Dig expense -- being you know chief among them pot. You know there's some talk about it not want to see some more specifics about. -- appeal of these issues that we and do something about. Both in the short term in the longer term and and particularly in the not so much and highways but on the MBTA. Issue when it comes to. You know pension benefits that. That are really expensive and I I think. You know increasingly. You know public pensions in general but certainly in transportation. Are becoming so far out of whack with what the average person in the average taxpayer. Ultimately will get that you know I think there's a lot of anger -- of the building up over these. Really expensive. Long term open ended. -- obligation debt particularly as it relates to you know health care forever which. It is obviously. A valuable laudable thing but. I don't know anybody else from the private sector out there in my world that that is so you know getting agreeing.

You got it and you know it's such I I -- is a huge political opportunity. You know some people say oh my god this going to be -- practice of political opera to quality you -- never -- a good crisis -- for our allies legislatively to for the legislature is a -- off this is an opportunities are saying is no wisdom over there. Don't know I just -- sometimes you need the that the kettle to -- you need die during the boy Arianna why I wanna I wanna I think it's somewhere at this point beyond cinema and might not be at full -- yet but it's get the enclosed Steve.