Economic Outlook

" Mad at your America tonight we look at your economic future now there is no doubt the economy has taken its call already on American families all across the country."

" But what can you and your family expect in the months ahead we're joined now by Rebecca diamond and Sandra Smith."

" Both of the fox business network guys for the -- since Barack Obama now has been elected three months according to a investor's business daily. 30%. Of people's wealth is gone 3030% of everybody out there watching they've lost their wealth."

" And he said why he's so worried about the did gyrations of the the stock market up and down -- like a political poll. We'll let the people just lost their retirement. It it and you can't watch the market I dated a basis say it really will make you sick. As far as what we're going to see over the next six months or so -- yeah a look at this at the oracle of Omaha Warren -- he says we're going to be in shambles for the rest of the year but the best days for America are still ahead of us. But in the next six months where we're -- me in six months. It's going to be highly dependent. On Obama really gaining focus from where he is today that is crucial right now are busy looking at too many things you've gotta focus on where this money it's Hamlet on top of all of this now we hear the head of the FDIC today's. There on the verge of insolvency. Within a year --"

" Back -- again this is really really scary stuff I mean remember when mutual funds of money market funds broke the buck. He basically these money market -- to -- it got really safe. And dollar for dollar value -- will they have a shore that up. We'll -- FDIC's Sheila -- saying that hey they've gotta charge banks now a higher fee to cover the insurance fund."

" This is a fun folks that covers your checking Fabian well. 250 today that white people you don't move their money around and put it in a bank account -- it's going to be safe doesn't -- to -- blame it on the banks for all these risky find -- that I -- have been risky that you with Armani and board now bailing out the banks. For all the Internet spyware -- executive millions upon millions for a year that the bank."

" Failed I've what -- when the government they force these banks in many cases to make these risky loans because that -- entitlement mentality took over that every American. Has a right to a home what's it like they forced homeowners to take mortgages the same thing but don't think so I think both the response of excellent and I think that people have got to be responsible what are the problems Republicans are now saying. That Barack Obama is using Rosie."

" Projections. That are far from reality and economists agree with me not."

" Not the administration it's going to be tough to live up to those rosy expectations or forecasts that he's making when we're gonna have. A really ugly jobs number come out and at the end right now it's gonna be it's could be dire. And they're expecting the worst job losses on record. And that's only going to get worse if we don't start to see some of the spending again and guess what in six months if we don't see the actual impact of that spending good job losses are only going to get worse and as people out of jobs they're not out their spending and everybody I know is scared to death right now --"

" Hey I I think every I think they should be too and I think in the fact that we're gonna spend all -- money would socialism has never worked as a bigger mistake. I'll take one other thing I think that Obama is doing wrong and the administration's doing wrong. Obviously Wall Street is no confidence in what they're doing. But he's -- new helicopters for himself 100 dollar imported stake from Japan. We've got let's see earth wind and fire we've got Stevie Wonder they have a big party over there in the White House. -- lecture corporate exacts about -- is when they're living this life -- point."

" But heck you know they did they -- a basketball game the other day there I mean you do you know I think we're getting a little too nit picking here where -- Among literature is targeted again would -- number more blaming people for for doing well. You can't blame people for doing well any anybody from the president of this organization. To that organization well we should be blaming is all this irresponsible behavior from. Homeowners from banks and many of them out there regardless of the Democrat or Republican --"

" I believe -- three headlines Dick Morris says this is the war on prosperity Pat Buchanan says socialism is here John McCain says this is generational theft. I agree with all of them. And Evan Bayh and some so called moderate blue dog Democrats are now running from this tax spend socialist plan. Is this snippet that did they sense the American public's opinion has shifted as it relates to confidence in Obama socialism."

" Where is what we're socialism of work to show that this is not the first government it's raise taxes and that has driven up the -- not -- like this bush three point. Re trying to play resident great Ronald Reagan and Reagan doubled revenues to the government -- on what I -- alienate -- and teammate Danny Cox and they probably -- us move on. You know and he also raised taxes that he was forced to twenty of the longest period a his -- it's like only slightly as an adjustment but a network could and that production would send me Q what do you want do what you gotta rest him good to see above I appreciate it yeah."