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Welcome everybody I'm David -- thanks for watching -- -- that there are really only two words the president could say on Thursday night that might.
Energizer awful jobs market.
Those two words are I fail.
Now there's no shame in failure successful people fail all the time but.
Instead of admitting failure -- adjusting course this president just keeps doubling down on failed policies and old excuses excuses like blaming it on bush.
-- blaming it on natural disasters but.
The public is not buying the excuses anymore or not there's a market.
-- another big slide today we've now lost nearly as much and three days this month as we did it all of August.
Voters and investors want a simple acknowledgment from the president and his policies -- trillions in stimulus money have failed.
To bring more jobs to America only by admitting failure can we actually start something new and fresh.
It's gonna bring us the real sense of hope and change at the country desperately needs right now.
But the market seems very telling us there is little hope the president will change his plant.
Here -- Rodney Johnson president of HS dead and co author of the upcoming book book great.
Crash I had -- great to see it is there anything you think the president could say to turn the market on our hopes around.
I don't know that -- tell -- I like your point of view there -- -- admit failure first you know it's spenders anonymous instead of alcoholics anonymous you have to admit you have a problem first rate.
We did this wrong nothing that He said so far as indicated a change that's what people want that's what the market wants.
People are not reacting because they don't believe there's going to be anything new enough to create a difference from the programs we've seen over the last three years that frankly haven't done anything.
By the way yesterday He -- gave a preview in part of what.
He may be saying his stuff is being -- to have you heard anything positive or is it just a rehash of the same old Madison.
-- a couple of things there's the refinance.
Fannie Mae and Freddie Mac there -- on the hook for trillions of dollars worth of loans a lot of them are under water.
And so there is a little bit as speculation that he'll call for refinancing -- underwater homes to put more money into people's hands to perhaps make them easier to stay in their homes and even spend some money.
And then of course there's the fast track of reconstruction and renovation which I don't think has any chance that it would be a great thing.
If they came in and said look we're going to efficiently put aside all these regulations like Davis bacon and other crazy things.
And allow you to go out and rebuild the infrastructure that's crumbling that would happen and that would work.
I just don't think they have the political will to do it but we have all these new regulation heavy ought to go back to David yesterday you have that dot Frank's bill which was just created within the past couple of -- -- -- You have more of what is preventing job creation no.
-- -- and I mean you don't even have to yeah obviously go to Dodd-Frank you go back to sarbanes Oxley you can got all of the EPA regulations.
So many things are out there.
And EPA officials said you'll never see another federal -- because there's too much impact and you scratch your head you say really aren't stands a good thing isn't a great deal we create hydroelectric power.
But there's just so much regulation that we can't move it aside to help us move forward and if He did that if the president said that on Thursday night.
I think people would respond well and then you have.
Lawsuits it's not just regulation you actually have the lawsuits it's funny because we heard Jimmy -- we're gonna talk about this later.
You know it's declaring war essentially on the -- but the president in many ways has declared war on business you think of Boeing.
You think if you just mentioned Fannie and Freddie they are actually gonna be suing a lot of the -- seventeen big bags for.
For leading investors down wrong roads.
You have all kinds of lawsuits in the works from the -- our Bayside.
What is happening here how can you believe that this president is pro business.
Well and that investors did I mean it's the lunatics are in charge of the asylum there was an article a couple weeks ago that showed the kind that confidence in America.
And every major region and city in the nation with negative.
Except Washington DC and you look at and think don't these people get it.
They are creating such a problem that the rest of us can't really get through it to get our job done.
We're not gonna add more employees in the face of this -- not going to.
Add more business infrastructure in the face of this because it makes no sense we don't know where we're going to be in the next two years not just in those regulations you talked about a lawsuit.
But health care we don't know what it's -- cost well -- -- -- -- that's the granted by the way my parents live in Washington DC so.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That's because you and I keep sending our money there whether that western whether we want to or not right I I am supporting the home prices there and I don't want to do what bottom line brought in.
Clearly there's nothing that you think the president could say to turn things revenues -- it and that could happen.
Over the next several months that might turn investors' moods around.
There could be I mean the European situation is falling apart and the Europeans have not yet figured out what they can announcer do -- It would give the world the investing world confidence in their situation.
If the Europeans got unstable footing that would be a good thing here in the US if we actually had a 180 degree turn from the president from congress even Hussein's.
Like they really just want to stifle -- -- every turn to say look we're gonna work together.
That would actually make a difference but so far people just don't think it's common Rodney Johnson they just -- -- -- -- Rodney thank you very much.
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