part 2 How bad is the economy on you?

Some good. News or. Greatest you know. They said that they go could see if I could reach real crux. You know what tragedy of that one more time before we go to the call registry in the level of half a hot hot -- we could be talking about keeping my clothes every Eagles are not that hard firm is born in front with a button that has that -- to -- it is hit number 32 and and how does not always comes -- does this 32 is yet. And the -- yeah. He's just got to memorize the number major shows -- punches and which number six point seven orca why -- about the number and tell you how much we know. That whatever -- for -- this 49ers. And number. They'll listen to Todd Feinberg and Tom Finneran here and AM 680 WRKO we're targeting a bow out. The economy the stock market broke through 7000. That's a negative -- to always out yet the escalator to the -- escalator anymore it's a runaway elevator this is cable snapped and jump off the and articulate kind of thing so it's and it hasn't been this low. Since. Well it at the high was about eighteen months ago not even eighteenth. It was at fort he met thousands of in October of 2007 so half the wealth of the country and and in terms of the -- so we want to hear my everybody started shorting the market. Back in October 2 I'm -- But the quest that's right we figured Colin gloat at the then nineties and and early part of this century robust economy was based on. A crazy stock market and a crazy housing market you know language allowed people you've got to coffee and you come back fifteen grand richer and you say while I've been productive and nobody's shocked the islanders twelve months let's go about -- whatever the hell was. You know so ordeal with two things one is the pullback to not getting rich every day just your opening and then the pull down to tour all those assets or making a return art -- appreciate -- you're -- what was your retirement -- what -- it.

Plan what did you set aside feed children what are your own children going through for example on that last point -- know that -- of my daughters and and and -- bought a house with in the past for five years. They what you would I would call underwater they owe more on the property. Then it's worth. Cannot turn in the keys over the -- a living -- relative -- how this spent a little bit has this been a little outside vendors and a chatter paternal lot I suppose that's. -- really such as carrying the furniture. Dollar and I I carry other things which I did did it do -- five they're good kids they were kind of dead he'll be okay but does a tough time for anyone who's young and just adding and you know I mentioned to -- the couple that came up to a -- an -- to dinner on Friday and at this couple came up. And are they were furious about some of the proposals and Iraq's budget about. That the two of them mortgage interest tax deduction and the like to sell and take care they -- it -- not to -- the -- asses off but my French but they were the re asses off they've piled up a lot of dead in college and graduate school loans now Libyan looked at as if somehow rather the the evil ones in the ones who -- propel the -- the economy absolutely.

I don't know misstatements and rewards optimal oral one K zero. --

Visit all forty years all so -- Like you just said mr. speaker are not -- retire but not that aren't. I think the people that are to blame if you -- a wonderful things started its -- people scenery took over control congress and started. Pushing their agenda real now not a president who had been doing your own agenda you don't Eric. And I looked -- All the Democrats who've been elected and a lot of Republicans so and I have been a pretty conservative -- like I -- a repeat in point the libertarian because. All on as they get elected they seem to roll out common sense and think that. Without their help we are going to make it. I listened to you guys talking you know what do you not agree with -- but the speakers some -- that's in common sense to eat that look like it is. That comment but the original what I can't do this look right here right now become acute we can't afford.

No one makes you think I would agree with that I at first I would agree that he's liberal. But I think he's common sense absolutely 'cause he agrees with me 90% of the time so I think that's brilliant that's the definition of common sense without a doubt --

And and I think Sheldon -- would probably join -- and I have big big believers and education education to wit if I was gonna put lots and lots of money that's where you put it. Ian with the accountability of the testing the resolve to demean and they have expectation to articulate them the -- kids to -- teachers to the apple systems principles. That's yet about chatterbox Sheldon was not born wealthy you know you neither know -- Any success we've had attributable to education in -- to a public -- says it was public education.

I would just misery will one other thing you said Sheldon that is a Barack Obama is doing policies and Reid's agenda I don't think in their wildest dreams. That they thought they were gonna get a socialist president who would kidnapped. -- AA national emergency like this economic crisis is and turn it into a chance to make this country into the Soviet Union I think they're sitting there laughing with joy. Over their good luck that they get to oversee the utter destruction of America.

Pakistan would've had a little political -- Hesitation yeah -- political animal yeah political hesitation you're not gonna go to to fire and then all of a sudden get this barrage of criticism backs up. I mean Iraq is getting a look at it this could be -- this could go down as the greatest political blunder of all time remember a couple of years ago came in with such a sense of enthusiasm and hope. Even you for about half a day may be a day even -- game about 24 around.

I did -- the benefit of the doubt and I said I believe that Barack Obama's number one goal is to go down as the best president -- he wants to be up on mount Rushmore and I don't think he's going to -- radical agenda I think he's going to be president of the United States first and an -- second and I was completely wrong or stupid to be so kind. And -- its its belly and it it's healthy for -- government and oil to be what I call up optimistically. Naive it's not good for the country well I misled people other people might have done what I suggested. And I regret that I feel terribly responsible for the Malays were -- let's see if we can take some calls and bring you out of the funk that -- scholar from Westwood hey Robbie Iran the it would Todd he is Panama -- right now but you might -- of the most about the I'm here for you rob what's going on.

A -- What I like oral eight. While my power Powell -- went from 878. Yet today at 52. But that what -- that would let you know the power that we -- know and it took the blame game. You know I mean I like it but it all. Right. And actually. The Bush Administration. It it -- with some key player in -- Market that the actors. They they were the one that was at. -- the street -- it. -- to win any of these. What was security now. No. Once they albeit up back in my late Barack Obama. --

No that's not rob I I have to be very clear about this I am not blaming him for failure to turn things around I blaming him for. It's kidnapping this opportunity that he sees it to change America rather than try to fix the problem and what we're seeing on the stock market. Is very savvy motivated involved people who are waiting for presidential leadership to help mitigate this not to turn it around. Just to stop the slide or slow it. Aren't they see him as failing --

All year -- is --

You're right rob you're are confusing -- time lines. Greed brought us here it's not about Democrats or Republicans it's about human beings and that they fall prey. To temptation -- where we're centers by Nate slowly it happens all the time but it's also pot of human nature. To try to ascribe blame who brought this on. I might have been irrationally exuberant so EU might have been as well. We're supposed to have based system. What's what's what's the phrase. You take away the punch bowl -- the -- is Staten -- a -- instead we of people and -- break into the liquor cabinet and still keep -- up it's crazy cheap money around housing bubble around go go -- economy a president we go to war Vietnam public dropped from west would on this one in any talks about them up in terms a Democrat Republican has plenty blame to go around but we go to war we go to school wars. And the president of the United States says to us that message is not about sacrifice about hey this is about us against the rest of the world it was. Go to the mall goal -- Josh Harding was in response to Everett Lott shot back I don't think that's saying I don't think.

Was insane because of what he was saying was 70% of our economy is based on consumer spending which we now. -- goal is to throw our economy into a tailspin and have some impact with this little attack. It's only 3000 people killed but maybe they could bring down the greatest nation in the world. The way we make sure that doesn't happen is business as usual as bad as saying go shopping -- in retrospect at that moment it wasn't a terrible thing to say on a larger sense so I agree with you the fact that that was the right thing to say makes it kind of -- what kind of country -- when.

A nation goes to war and -- curious if you the president at the time I know I would I would have done what bush did in terms of Afghanistan and the coalition. And I would have probably done exactly what he did in Iraq as well so and -- not criticized the president what kinds that are after the fact on the war decision. I also would have said to the nation. We are going to war this is serious and because it's a sacrifice -- all of you are literally I would have proposed. Whatever the heck -- one half of 1% to something surcharge on. Everyone in the country pays. When you go to war we need soldiers tanks armored vehicles ammunition and rockets planes it -- money doesn't grow on trees he can write up a huge deficit he that you make in the series and have decision to go to war. Make the serious enough decision I paid for the DO.

Our -- cuts -- budgets to make -- don't show any out of your way and he'd alerted untruthful budget okay clobbered nobody can write 6172666860. How badly have you been hurt by the economy. And who do you blame for the situations got a shot he's calling from an all well page on what's done.

Right guy myself I got an -- the -- got right. About sex. Well -- it's. You on -- and -- It up. We picked holly and that out ethnic group that. Pop rock all of these people out there are other wealthy was well. We can't argue and present to.

do we take calls from rich people ha ha ha how well we that was against the dollar as you get to get to college you'll be rich long.

As well. Our lives a -- third devalued.

Unfortunately but what I want to -- we talked about you know -- like. You know whats art got -- does a lot you gotta be affected that person act and -- out every two weeks and I -- I mean all these things that we need. Money and the economy generate. The restaurant you know -- vacation in we're gonna do anymore.

Funny -- is exactly what's gone on that's the ripple out the of people not go enough to -- you know to eat anymore. Cut back on the cable bill you know maybe he'll only get six channels as opposed to 66. Most of the stuff on there is crap anyway but this is this the day of reckoning I'm thrilled you call -- continue to have that sex conversation with the husband.

All sorts. You want us to help -- Google -- that was done. --

Rob how black -- is way off being yeah and how it all started without -- ministry of the CRA. Magnate. The magnitude -- it and by the Clinton administration.

Ed and they are to blame on --

I'll play -- on both sides did how about this when shining the SEC now that that was robbed from west which point the SEC. Gets the blueprint from a Boston guy. Cara -- populace or whatever his name is about the made a hostile. -- made up -- a scam that was the most unbelievable thing in the world he -- he's here I'm out of all of the -- page blueprint this is what you he was just minutes the other night and I am a -- yeah resident -- and he EC -- them several times starting in 99 -- on labor vote and he said it it would take you about five minutes he said it took -- five minutes of -- realize that it was a scam and that this I was going to -- said it took him four hours to develop the proof do in the mathematics and said that he would demonstrate to anybody what was going to theoretically up but he -- eventually give them the facts and and that gets back to this whole thing about what happened yet. Human nature when the green bandwagon -- so good. Everybody forgets everything they know -- should forget everything although our fundamentals are all -- fundamentals about how you make sure you don't fall into the strap everybody dives into the trap show they don't want to miss out. On the free ride PT bottom when you say there's a sucker born every minute let's go Colin up to looks like Bob is Colin from -- Bobby Rania what Todd and Tom. --

Dogs need -- all dark -- you can't explain that head. It just blatant appeal it's a whole animal. If the whole government political and yet. You can't vote Republican -- solid Democrat -- but fox has gotten the chicken coop -- we need -- act these -- who caught the problem not creating new solo.

Not a moderate a -- and that's a good point bought but I think it's even bigger than that because you've got a partnership they say there's this insidious connection now that we see. Between that princes of Wall Street and their princes in our government that they're basically doing business with -- each other you leave government -- Tara Wall Street.

Our heads but our job was to get and we want to miss home that stability Iraqi that they created. I mean it's like it's accomplished so much because neither probably the special interests but may have voted on the big campaign -- had a -- what it would did not go ahead.

Meanwhile how old let me ask you personally doesn't -- back to you Bob. How is it affected you your everytime and.

What the lighting the way up been down back into what. I don't want -- although we're gonna go would enable all of that same boat won't go down the fable about a -- a lot of rebel while waiting out.

You know what though some people I earn a nicer ship. Going down that I don't think we're on the same note 617266. -- humans I think it's time for -- ago. I blame him for the situation not getting. Mitigated by now he's had six weeks to show -- and give us in the right direction picks we have won Australia's he wants to do the wrong flash. On each account comes back and reminds us that a lot of the stepped out of and a patio stated six weeks fix what I don't -- money buying the items that we -- afford another six weeks a -- come up with -- a look at them masks a what does that -- how many minutes related books give us another. Long I can't remember. You have a funny I will not be a perfect Nokia how about the one about come yet what Barack is -- on yeah that's going to want. Can you spell -- Iraq let's go to. That's what I'm thinking about these -- over the number where is now one Barack is token yeah you know what the stock market smells what Barack -- talking.