Pork We Can Believe in?

" And it's not. Now the top choice tonight let's bring in with the best political minds around the purveyor of Dick Morris dot com -- joins us from Florida. Where he continues to live. Long Beach are. Palm Beach, Florida Mars -- which showed that an out of those. I'm one of those five million on the -- that. You know I just can't I just don't know and I hate that you know me on the I'm always. Pretty certain. And now I don't know I'm I'm I'm caught what say you."

" Well. It's got to get on the show unless I have an opinion so one. I think that the stimulus package is not going to do anything significant. It's 800 billion dollars you have about sixty billion of it for the Alternative Minimum Tax that. Never existed you have a -- ninety billion to assume some Medicare costs from the state. That's not going to do any thing when you give back 200 billion that won't kick in for a year through. It's not going to be significant and the idea of increasing spending to boost the economy is the wrong idea anyway but. What's going to happen is that the unemployment will continue. The and it'll get worse and worse for the past 10%. And Obama is gonna say well I told you I would create or save. Four million jobs and -- man we only lost three million. I've saved that we would've lost seven if it weren't running by that okay and grew more and more the people are going to city. That his package isn't working. And the disconnect between his promises -- reality will hurt him more and more. But then three big things -- it. The first is -- Obama has a huge contradiction on -- The most important thing a president can do to stimulate the economy. Is to say it's good. When the president you just setting yourself from the talking points when the president says this is a huge danger we better listen. And that has a terrible effect on the economy. But if Obama gets up their six months from now and start spewing roses and talking about her wonderful things are when they're not. He'll go down and get a reputation for being insensitive. And not understanding the problem. That's his first point the more he talks sit down the more goes down the -- talks set up the more he pays in credibility. The second problem is that with the huge budget deficit he's created he's got to do something about entitlements. And that means Social Security. And he's -- trip up in the same way everybody does over the Social Security issue. He's going to have to recommend reducing cost of living adjustments increasing the retirement age raising the tax on its payroll tax. And a lot of stuff that isn't going to be popular. And the third problem he's got is that the other -- has yet to drop in terms of his health care program. And they'll be huge hue and cry about government takeover of health care. So the economy is going to be like his Iraq. You know every day there -- ten Americans killed and every day Bush's popularity dropped a little bit."

" All right but how my follow along -- fell on him president Obama and the Democrats blame the Republicans seem to have a window now where they can -- look. We inherited is that you're going to hear that. The next you know month to three months we area is not our fault trying to is that how long. Did they get that what what what's that window what does that stop. This summer the foal. Two at the end of the year it begins to look the sound pretty penny. And you know. The more if he gets up there and says so this is worse than I thought. This is even more terrible than I thought the more he is going to cause the reception -- I I I got there I got the point the psychological point. The the stimulus is going to pass he's probably going to sign it on Monday on President's Day. Do you think if that we'll have a brief psychological. Boost to Wall Street we saw some late buying today -- Pot and then that it will calm things down for a little while."

" Well I think Wall Street. Which is much less of -- mobile than public opinion. Is probably more focused on what Geithner is doing then what Obama is doing on the sleeve magnets that doing a -- treasury. -- did not -- that anything that's my right so we have to wait and see what he come governors. Yeah but but his approach that he announced this week. Is even worse than the stimulus approach the stimulus will happen it just won't have a good effect. -- stuff will never happen. Because basically what he's done is he's -- you get to invite the private sector. To take all of these toxic horrible assets and put their own money today is getting yet -- I don't know -- his -- okay shut -- dinner party -- nobody can -- them up -- that."

" to just recapping his on everybody to remember what Morris is saying he's more daring -- I because I cannot predict this martz is predicting. And I'll let you talk a long time in the same without an eruption you're saying it's not gonna work this 800 billion dollars and is not going to work. This is going to be president Obama's Iraq. He's going to drip drip drip whose approval rating down and then it. He's a one term guy is out what you look at that."

" Yeah but more importantly the Democrats really get clobbered in the congressional elections and sent. But you forgot the other three points by I didn't forget they're willing to please that we don't insane as instead we have a fly had a good time it's get -- Trip up -- Social Security I didn't forget their debt I didn't forget them I could recap what you said in five minutes. It's always good to see."