Guest Host: Judge Andrew Napolitano
- The President’s popularity has soared after the Osama Bin Laden killing, but…
- Unemployment is at 9%.
- The national debt is moving past $14.3 trillion.
- The Federal Reserve is not ending its war on the U.S. dollar.
- The President took a Bin Laden victory lap at Ground Zero.
- It’s an attempt to take attention away from economic problems, e.g., gas over $4/gallon
- Behind the back of the voters he is planning on asking to borrow $2.7 trillion more.
- Steve Moore: Senior Economic Writer for the Wall Street Journal
- Charlie Gasparino, Fox Business Contributor and Author of “Bought and Paid For” (http://www.amazon.com/Bought-Paid-Unholy-Alliance-Between/dp/1595230718/ref=sr_1_3?ie=UTF8&qid=1304994117&sr=8-3 )
(Comments have been grouped by guest, not in the order they were discussed.)
- A drop in housing prices is a drop in people’s net worth.
- Home values post the largest decline since 2008.
- Since before the end of the Bush Administration, we have spent more than $400 billion to help people pay their mortgages.
- The Federal Reserve Bank now owns over $1 trillion worth of these mortgages.
- Despite all of these innovations by Uncle Sam, the housing market has just gotten worse and worse.
- There were 31 oilrigs drilling in the Gulf of Mexico.
- Only one of them had a problem.
- None has been reopened.
- Now the administration wants to get rid of the oil depletion allowance, a tax break that encourages oil companies to drill.
- Everything the administration has done has been to make oil drilling illegal.
- The Democrats want to get rid of tax subsidies for big oil, but…
- What I don’t hear is a call to get rid of subsidies to wind and solar energy.
- Presidents that don’t get re-elected have been those that don’t keep their eye on …
- 1. Unemployment
- 2. Inflation
· We have one of the highest misery indexes we have ever seen.
· The Republicans can’t blink on the issue of the debt ceiling.
· The Wall Street bankers will be in favor of raising the debt ceiling because they will be the ones selling the bonds.
· As long as we have this easy money policy, Ben Bernanke is as guilty as President Obama for this weak economy.
- The principle failure of Obamanomics has been the belief that the government can prop up the economy and prop up home prices.
- Home prices have to come down.
- Another problem with Obamanomics is that the administration tries to pick winners and losers.
- The President is not getting a big bounce after Osama Bin Laden’s killing because the economy hasn’t responded to his policies.
Guest: Jim Rogers, International Investor
- The Chinese save 35% of their income. We save 2% of ours.
- There are much higher interest rates in China than here.
- Their currency is going up. Our currency is being debased.
- If we don’t raise the debt ceiling, we will have some pain. However, the pain will be greater if we keep on spending.
- California is more communist than China. The Chinese are among the best capitalists in the world.
- The venture capitalist business is booming in China. A lot of people are making a lot of money in China.
- China has a trade deficit with some countries, e.g., Germany.
- Washington is not doing what is right for the country. They are paying off their friends and buying votes.
- What they are doing with the currency has never worked in the long run.
- Mr. Geithner has never been right in the 17 years he has been in Washington.
- Mr. Bernanke has been wrong every month for eight years.
Ron Paul saw $1 million in campaign contributions after last week’s debate.
Newt Gringrich will soon announce he is in the race.
Guest: Kirsten Powers, columnist for the Washington Post
- One CNN poll has Ron Paul as the man to beat.
- What’s most appealing about him overall is that he is intellectually honest.
- The Republicans are split on the issue of remaining in Afghanistan now that Osama Bin Laden is dead.
- This election will be about the economy.
- Ron Paul will be portrayed as a “crazy uncle” if he comes up high in the polls.
- Mitt Romney is the most reasonable Republican candidate.
Guest: Michael Scheuer, Former Head of the CIA’s Bin Laden Unit
- Removing Bin Laden was a huge tactical victory.
- We’re still getting beat in Afghanistan.
- Our borders are still wide open.
- The fundamentalist movement is more active and violent than anytime in the last 15 years.
- We don’t have enough troops to win in Afghanistan. We are being nickel and dime’ed to death.
- General Patraeus managed to lose in Iraq.
- He’s managed to lose in Afghanistan and…
- He may bring the half-baked advisors with him when he takes over the CIA.
- By telling the world we have all this information, we are adding impetus to Al Queda to change everything.
- We are dead in the water if we are denied access to the port of Karachi in Pakistan.
Guest: Former Governor of New Mexico, Gary Johnson
- I think I can do a good job as President.
- As governor, I cut taxes 14 times and left office with a balanced budget.
- I advocate a balanced budget. Now.
- The government can provide a level playing field. It should not pick winners and losers.
Guest: Rick Santorum, Presidential Candidate, And Former PA Senator
- This is a big election.
- If Obamacare is implemented, the America we have known is gone.
- The President united the country with the death of Osama Bin laden.
- The President also tried to kill an American citizen using the U.S. military without first having him found guilty at a trial.
- This is a first since the Civil War.
- He has made the economy worse with his policies.
- Federal bureaucrats now have access to your medical records thanks to Obamacare.
- The price of gas has skyrocketed – so much for the drilling moratorium.
- The National Debt was at $9 trillion when President Obama took office.
- It is now $14.3 trillion and…
- The President wants to add $2.7 trillion.
- What will decide our future…
- The size of the government.
- Borrowing and spending.
- Adherence to the Constitution.