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Now to the Wall Street -- says maybe do little do -- Mr.
President centurion holdings chairman of CO former UBS chairman Joseph -- -- junior.
He says the president's right now like he's scrambling and voters -- -- maneuvering awaits.
-- -- is well known for calling it as he sees it.
And writing the same darn wide including and his best seller can't predict that he or something kind of filming -- -- not ascribe to this.
Not a hero yet very good orator.
-- -- again that far below this mid term.
No I think the American public.
Are very cynical I think they deserve to be there lacking confidence.
And that's kind of what I look for -- president.
The cohesiveness of the nation the speech today was.
Very divisive and at the wrong path to the campaign speech you say it was divisive but it had something that would thing you when you're rich -- would love.
Tax credits and I want -- Don't I look at the tax credit is not a bad idea unto itself but it's not going to stimulate.
Employment growth you need to spend the money the least amount of money in those places in our economy is gonna stimulate the most job growth.
Now if you -- to say.
The fortune 1000 for every 1000 people you hire incrementally from January 1 we'll give investment tax credit.
But those people that incremental headcount has to be there for three more years or we call back and penalize you.
Well -- are gonna get all major corporations thinking about expanding their employee base she want cause and effect put the money where you're gonna get people back to work.
But we also know it's 60%.
Of small businesses drive employment we also know eventual winner -- and effect -- pulling him.
Historical lines of credit revolvers to businesses period right so -- -- -- -- well so what do you do okay bank brokerage firm.
Whoever that -- Weber has access to the Fed window.
You want to access the Fed window or 25 basis points almost -- cost money fine.
50% of those proceeds have to go to mortgage origination.
Or lending to small business we're -- charge -- two and a half points ultimately people always do with -- paid to do.
And there are some very direct cause and effect programs that you can initiate to get employment.
Moving in the right direction I don't -- and really it's more days and I do and -- -- so.
It's just ill will that hasn't gone away.
You guys don't trust the president speaking -- the -- about the disaster.
And the president doesn't much flip over you guys.
Well look two things one I think the problems that we really have -- the far far left and far far right will never never agree.
And they are the minority.
But they're organized and are driving a legislative agenda at the expense for the majority with this country needs is somebody right in the middle since I've had it.
And take on this nonsense because both sides both extremes are wrong zealotry is never good for this nation.
And and this -- zealotry on the right that could take Washington biased on what don't I don't think about that look.
You know god bless.
Charlton Heston I was a green beret and -- -- to kill a deer.
Okay there's a pragmatic.
Can't show was a beautiful here today have -- -- -- with your fast but the do -- have the right to bear arms of course -- these extreme views and my view.
Is no different than the ACLU telling me well I can't.
An illegal alien when she four wrapped around always want Charlie.
The security of our country takes precedence and they don't have the rights of normal citizens so these too far extremes don't work we have an economy.
That sixty to 70% of it is based on consumption it's not industrial.
And without people working consumption is going down you -- -- -- on the tax credits you get to write off to appreciate your stuff right away and that.
Leads as it has in the past substitute.
Tiring votes I'm not -- overtime overtime I can hammer and -- and it's gonna change I can amortize a piece of equipment over seven years.
This allows me to accelerate the depreciation.
-- interest rates so low.
The monetary impact if you're present value that change has his own ministry has -- And it and over time it's -- a bad idea to itself so would you like to see John Boehner is -- any other sort of the outset.
We might compromise on this tax cut will push for getting a two year extension of a -- it.
Look if out of business you know up.
Right now it's not the time.
To be raising taxes because you don't know stifle consumption.
And stifle business growth of small business people the wrong time on anyone the -- -- -- -- the port 22 or three years from now on the compound and economies more stable.
You want to raise my taxes a couple of three points go ahead.
But I don't want it spent.
To fuel even a bigger deficit -- the president wasn't things about tonight and donating today do as -- probably heard he's gonna stick to that point well look.
He talked about what he inherited no question he inherited a perfect storm.
What in nineteen excuse me 2008.
Our deficit was 459 billion dollars today it's a -- -- for three times greater as a matter of fact our total debt.
His 90% of GDP over thirteen half trillion dollars.
It was under ten trillion so we've added three trillion that's four billion dollars a day.
We've been growing our national debt but you know the president and his White -- folks are the ones I talked about the garden and landscape.
That they say.
We'll win as this resolve about the debt become such a big issue among all the Wall Street titans and evident.
They -- moaning about bushels well look at the first thing I think is incorrect by him and others it's not just about Wall Street was Wall Street complicit.
In this perfect storm of course but so was congress starting in the Clinton.
Administrative unit you don't mind being the whipping boy for everything got a question whipping boy it's a question of let's not underestimate the in elected the American people.
Not a match and then -- editors and the president has because he was -- in business again look what happened to his approval ratings now that you that you started program I'm talking about that.
The American public are not done.
What happened in Massachusetts because you cannot go on the back door and -- to Nebraska you don't have to pay any money for Health Care Reform.
Or Missouri here's 200 million dollars American people are not stupid.
What we need is to bring confidence back in here.
We need to address real estate because that's always been the savings account of Americans and now it's gone down 30%.
There's a school votes -- -- -- but it.
I don't know that -- -- -- -- I I read that I don't agree with that drilling now what I would do is create a program called the American dream mortgage.
Where I would refi your home but I FHA loan.
With a 4% -- so mobile mortgage when I came -- -- Vietnam.
The government gave -- a long.
And it was a so I would make this mortgages so -- for seven years this house is turnovers 73 years.
What happens is the value how schools that they won because because of the interest -- is -- mobility of the mortgage.
And over seven years -- have a turnover.
And people will start getting a mortgage rate of monthly rate within fifty dollars of their original rate before reset at double.
And that's what we need keep people in the home but the American dream back.
Get the monthly payments done to make it in the small -- here against the letter rip and see what happens on the prevail in a matter of fact if you sell your house for more than you'll.
You split it with the treasure because you're neighbors subsidized it.
I wanna keep people in the home I want to get that to be more affordable for those who really needed I would limited to people who make under 200000 dollars was an express.
I have no idea.
Would have to -- -- -- I hope it is a centrist.
Pragmatic person that may be an independent that's what I'm hopeful.
Really some and it Romney just kind of centrists.
I don't know I don't know that can be.
Politics just don't know really I think he's very Smart -- and a lot of business titans are doing very well in this mid term election polling go again you know.
I'd like to get this divide between the rich and the poor and Wall Street and business.
Vs the average American what that's not what we need here we don't need devices as we need a cohesive approach where problems.
-- let's come out and tell the American people exactly what the problem has.
Not a bunch of sound bites.
And here's what we have to do.
The trouble with government.
It's all about -- -- who did it rather than what we kind of reflects -- -- that's the differential wouldn't even want to political positions get an effective member military or I'm not -- you could be tomorrow that I'm not fallen -- Well I don't know you could kick a lot of people that side.
On very good seeing it just soprano junior always a pleasure you know my pleasure.
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