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Former NYSE CEO Dick Grasso on the flaws with the Administration’s economic policies.
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In addition to -- inheriting.
And -- near depression from the Bush Administration the financial meltdown.
Global consequences.
From the Bush Administration huge deficits from the Bush Administration.
This administration.
Also is faced with the crisis in your -- a tsunami in Japan -- an oil spill.
And donating gotta start on that mess Millard Fillmore left.
House democratic leader Nancy Pelosi today blaming everything -- -- -- crossing the sun.
For the lousy economy.
My next guest says that is what's out of this world.
Because she ruled als or not only two years but of course -- -- in congress were some 25 years most of that.
In in a leadership position to the guy taking stock of all of that who better former New York Stock Exchange -- you know Dick Grasso.
So little where it -- and she have a position on organized crime in south -- that you're lucky I didn't bring you up to discuss the Dalai well -- -- is that I mean I could get so -- -- -- I think it's not only old I think it's worn out I think that the American people sent a message on Wednesday in the Wisconsin recall.
That they're not -- -- accept this nonsense listen she was in charge.
And with Harry Reid and Barack Obama they could have done anything they wanted for two years they chose to pursue health care.
Which did nothing for the economy and everything to put us in the boat that we're -- right now which is a boat that's going to the bottom of the ocean you know.
They they have savvy political -- -- workarounds and they must be relying on need to data you an iron out the -- it.
That says this is a good approach but it when you keep losing election after election a crucial recall vote.
Key contests across the country.
Two cities San Diego San Jose at that that are in these very union issues.
Eventually you have to start smelling some strong coffee and bullish strategy that they are actually -- news one of let's do anything weekend to avoid.
Talking about our record why would you double down and the Joseph Biden told about more spending in that.
For joining me like today asked.
I think I think that they have nothing positive to talk about and therefore they're gonna talk about.
What -- called the lipstick affect you know why do people buy lipstick.
Okay not for its collar but for the hope it creates.
-- and they're trying to create or recreate.
Hope and change of 2008.
I think what the American people said on Wednesday in Wisconsin.
Is that yes hoping changes right -- hoping for a change this November.
And I think we're gonna get one idea getting nervous and -- I don't say this is -- -- look at this left or right I think that.
When did terrorists who attacked -- -- they have no other choice -- they have no positive record to put forward.
This whole nonsense about the car in the ditch about inheritance from George Bush look.
And if you inherited the problem from the prior leader you fix the problem.
-- what do you buy as a leader yourself but I guides -- in the near its stock stands around -- enviable Brandon that'd be detained.
What what's a statute of limitations on blame it.
Well I think it's the day you take offense I think that they total non resident and -- -- -- I think you define here's what I what I -- -- planned on this new tighter here and we -- they don't want me back to me under this -- time period -- -- 8 -- against Laura.
And other people's.
I'm giving myself -- on my bosses give me twenty years.
Give -- twenty years and -- The -- I think that sense approach to long -- just to Scotia right but come back to your question I think day one.
When do you take office is chairman of the stock exchange or is president of the United States you say this is where we are today.
Let's benchmark.
Our economic.
Met metrics GDP debt deficit all of the things that we measure to day job creation job loss.
Measure me year -- measure me two years out three years that it doesn't make it really serves no purpose to say.
We here's where we are today because of my predecessor but what if you turn around -- god this is -- I'm trying to understand the method here if they're saying.
We're doing out a lot better than we were we're seeing a lot more improving numbers than we were.
When I first came into office which is what they say despite the downdraft in some of those numbers that overall.
That trend is still live -- And that's what they're gonna take into the election is that enough as a leader as a CEO as someone who looks and advises other CEOs is that enough to keep to just.
Absolutely not I mean when I took office at the stock exchange I said our market share -- 75% we're gonna drive it to 85.
OK if it if it was 76 and a half I couldn't declare victory -- because I said we're gonna do dramatic I was really stupid.
I'm sorry that I was stupid and her because that you you knew that I expertise -- set a high bar visions and -- said.
I'd like to get five viewers then I'd like to get seven viewers and and it.
You can't do that when not the American people have run out of patience with that kind of nonsense remember something right so we haven't had anybody gonna have to change strategies on this show we haven't had an alleged -- thousand days happy all -- is quaking in his boots opened -- -- -- -- -- absolutely it's so obvious it's unaudited say it is talking about winding -- hopefully not well I'm gonna make gonna contribute -- eleven to one a in the FaceBook opening trade -- -- But what you what you had to get -- are right you take a stand you say I want this job as generous president's.
Of the United States -- writers what I'm gonna do you -- -- I don't do it and this president said it.
If I don't do it I don't deserve to charms.
He was right when he said that Europe.
-- in you know -- Suzanne I don't mean to -- you smoke.
This man has no fear -- -- a lot of units as is -- generations come out today doesn't know this man but he stared down Eliot Spitzer.
Who is trying to shake everyone in their boots.
This the first -- -- and you know what.
I'm fighting you tooth and nail every step of the way any one.
-- -- So this does take advice I don't care -- your left -- right ticket but you gotta run for mayor in America who stand for something you'll fall for anything.
Ray Kelly will be our next main area heard it here I don't think he wants that -- -- hasn't perhaps a little Italian guy.
-- Gasparino yet but he's a little too connected I can access a little uncomfortable gonna leave federal loans thank you my friend Dick Grasso.
That they got the big Gore's the board made it what it was.
