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spring wife's
let's turn to a the the speech
that President Obama gave earlier in the week
a.m. that was it was hailed as a as an important economic speech
and it's gotten mixed reviews I mean frankly the things that he's proposing
there they may be old but they're still good ideas it's just that they have been
implemented
the what what what is clear though from that speech
in my estimation is that a.m. President Obama's now it's worth making his bed
they are remaking his bed in some respects and
is going to a sees that there's only one way for him to have any type of decent
legacy when it comes to the economy and that is going to
be a head down the road where you picking a fight
with the republicans in some way I don't know if it's going to be effective it
could be too little too late but
I it's somewhat encouraging I guess
yeah wall it means in years I have a lot of us we should come in much sooner
please
when he had majorities and and
could've been more effective but yeah I mean it live think
a maybe get some mounted come to understand it
the bully pulpit mean something that you can change opinion that thing that
republicans have done you know forever remain
done is always a dishonest way
might have used PR campaigns to turn people against things
they were formed by way speaking loudly
and carrying a big stick so to speak
I and and you know there maybe the bomb people get down there you need a
you need to make an argument you now
I mean the promise from the beginning that allow the stock has been made
within the framework
love what the right one which is anything you do has to be deficit
neutral and you would have to be cutting spending to spending
we were still meeting is bad I am is mean some other exchange bitter for
sweet ending up in putting out
of a terrific program the government has invested over the years
and reminding people that government spending is a necessary aspect
I love making love making sure these terrific result in traffic programs work
I and how societies to work we did that you know
from so it is definitely better but I do i nono I get home
given credit for that I do worry terms you know it is too little too late
I might need to get with this crew this point I'm really not sure what you can
do
yeah I mean I think a you know part of it is assertive
I guess maybe just a.m. I don't know I mean it's
you know the there's going to be a big battle come September
when we a when it's budget time and when its debt ceiling time
and it seems at least that
the we're going to see more love
the a the what we saw
the last debt ceiling fight which I guess was now
gosh %uh about a year ago I think
I am and a less if what we saw then work you know
for two years ago in other words we won't get a sequester
we're just gonna get we just don't believe that you guys are going to try
and
I you know renege on the country's commitment to pay off its bills
and bright I you know it's
that is this is going to take place a a year out from
the the 2014 elections and I think
you know the it seems at least and you know
we can talk about the idea floating larry summers as a fed chair because
the the Fed is really one of the few things if we if we
buy into the notion that there is gridlock which i think is you know it's
quite clear
I the Fed is one the few places where
you know the lack of fiscal stimulus
for the economy can at can be affected in any way
and frame and so a
you know it there there's sort of a give with one hand take away with the other
the idea of a Larry Summers in some respects and in particularly when you're
talking about
regulation we spoke to David A in about the
Larry Summers on on this point but very said nice things
yeah yes well I don't really know larry summers will come and we'll hire couple
broads to work under him
you know see if they can understand the mast exact Larry Summers famous for
saying what what were you when he was president lover a Harvard he
he is her famously said that their women just aren't very good but math is that
what we should guide them in other directions yes you know where they're
more talented
yes cheerleading and stuff where a
so hopefully the White House is getting the message that there's just no value
in 10 attempting to
a point larry summers