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Always keep -- -- as we love hearing from it matter what do you have the emails by the we're pouring in as expected on the NAACP.
Condemning tea parties is races shortly after First Lady Michelle Obama's visit there.
-- Wayne -- had -- July Louisiana writing quote.
The false claims of racism have lost their -- and -- were used wrongly and is there for.
Laughable still has a staying but I agree it has been over used that's for sure Christie.
Does it again that story topping tonight's two minute drill let's welcome back our panel we have fox future readers Monica Crowley at least we'll -- you've seen.
And joining them -- Memphis wrestling founder former mayoral candidate the legendary Jerry indicating it.
Lawler good to see it Gerri thanks for coming -- -- the clock.
New Jersey lawmakers overwhelmingly voting for -- 2%.
On annual property tax increases by local government.
Is another victory for the comfortable in his own skin Republican governor Chris Christie who still aims to tackle pension costs and got transportation financing.
Municipal spending still has a lot of headaches but six months -- Chris Christie's term.
Let's score the governor what do you think Jerry.
Well I mean I think that we all realize that uncle Sam's tax bite.
Was bad enough but he always comes back for seconds I mean income taxes one thing.
Now the property tax.
I I have to say that if any kind of you could put any kind of cap on any kind of taxes I'm for that that's got to be a good thing.
Is a hero of the republic he is by far the most -- effective leader on the American political scene today.
He is coming big government he's cutting spending he's cutting taxes.
And he's doing all the the democratic legislature in New Jersey I just interviewed him yesterday.
He is phenomenal he does not back down he's completely correct do you like -- Monica.
Yeah I really -- about that I -- pretty tax issue that this is scourge of New Jersey the highest property tax rates in the country.
What -- originally wanted was a constitutional amendment in New Jersey that you can't keep it at 2.5 percent he didn't go down that road because I like what I had thirteen.
-- -- -- a lower back added even lower -- he got it down to 2% in phenomenal what direction and he had a lot of practice with you exactly -- I don't want a but the constitutional amendment to the to the New Jersey at.
You -- it would not have got the job ain't too many it will not happen tomorrow it would happen not when he is still in office.
But he is making tremendous progress toward that agenda no yes no no one absolutely -- with Monica although you know.
That kind of scares me a little bit.
Or -- over the but but no I mean I think at 2% cap this is a cap of increases don't friend -- that is absolutely a great -- Okay -- will give a little more time on the flip side President Obama nominating former Clinton OMB head Jacob glued to his old -- Lewis spent.
Years at Citigroup working -- private equity and hedge fund accounts.
Obama's expressed concern about bank investment in hedge funds as part of the -- financial overhaul which -- -- -- -- Two Republicans anyway Olympia Snowe and Scott Brown -- role at city.
Could come up during his confirmation brought this process so score Jacob Lew Ford's Jerry.
Well you gotta realize now I'm from Tennessee and I'm a wrestler.
So when we talk about hedges down here -- -- -- the ones like clip then you're talking about.
Now far for the longest time I -- the NASDAQ 400 was a stock car race so I gotta run I got a -- do a little more homework on this but.
In my mind I think.
I think he's going to be okay yeah but you know.
Jerry actually brings -- great -- most of America -- -- lawless financial reg stuff and they say you know these guys get themselves in a big mess yes.
Yes the government was very much involved but if they want to work out some deal no matter how bad it is for the banks I don't think America's cares much about this is they -- about oil and I'm.
Know what I agree with you in this job OMB director is basically to oversee the budget and as we saw today the breaking news with that in Juneau and it in at the last month.
We passed the one trillion dollar market you can imagine what he's all half are you got your confirmation out process with Republicans before so now I think that the job of get the job -- can't make a fuss about -- the challenge is enormous and who would want the burden of overseeing -- -- -- -- -- the job but I think he'll get that.
Graduate well Wall Street getting a big boost today possibly from Alcoa and -- Intel earnings but main street still not sharing Wall Street's optimism a new ball.
Reporting a drop in small business optimism last month very few small businesses plan to hire and plans for capital expenditures dropping.
To a 35 year low so who really represents the economy here main street or Wall Street Jerry I think got to where you stand.
-- -- you're right.
I think it will Wall Street of course our main street I'm sort bill once again you know I think.
That I I sort of see myself as the just an average guy out there you know I'm around a lot of wrestling fans a lot of blue collar people every day.
And you know -- they it's hard for us to understand.
Of these kind of figures that we're talking about an -- and in Wall Street and and mainstream that sort of thing.
I have this sort of put things into perspective by by looking at dollars.
In terms of time in terms of seconds.
And I've I've I've you know because -- terms like trillions of dollars are being thrown around like it's nothing and you know -- if you if you just look at a dollar one dollar.
As 12 of time.
Do we got what I got to get a -- delegates like one million dollars.
Would be ten days or one million seconds is ten days one billion seconds.
31 years but listen to this one trillion seconds.
Years yeah I mean it's.
Unbelievable here we talk -- all trillions and our bottom line though here when you when you talk about mainstream vs Wall Street -- everybody says well main -- to a bad because they can't borrow money.
They can't sell things it's simpler than not right on -- they can't sell things that Monica person 70% of the US economy is driven by consumers -- its consumers going out buying things and don't and then this professional about that the jobless rate so high home foreclosure rates so -- people don't have the disposable incomes and -- in support small businesses look and didn't just look.
-- a little.
If you look around in your neighborhood what do you see what I see in my neighborhood is small businesses closing bell and -- want our front end and even in new you're exactly and if you can't sell stuff -- -- down a lot of other.
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