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Economist Magazine Lists a Donald Trump Presidency Among Its Top 10 Global Risks
Gerri Willis: The people who love Donald will love Donald even more because this magazine says that Trump is a threat to the universe and they think that's funny, but I have to tell you, it's not like our president can say, oh, I've done such a great job with free trade.
Charlie Gasparino: Well I mean listen, I can't imagine how many of, you know, that the Economist is not the top of the reading list of the typical Trump supporter.
Charles Payne: Well, to your point, the Economist, when it's a story on America that's bad, they have a picture of Uncle Sam and a caricature of Uncle Sam, the rare story in America and it's good, they have a picture of Barack Obama. That's all you need to know when you talk about the Economist.
Ben Stein: Absolutely. Look, you could take all the voters in America, read the economist and pay any attention to them, put them in your ear, it's absolutely nothing except that it shows that a lead core of impudent snobs, elite core of impudent snobs, as the great Spiro Agnew used to call them, is trying to beat up on Trump. By the way, Trump's trade policies are terrible. They are a real mess. They're really seriously a bad idea. But the idea that we need to be lectured to by the Economist, that's insane. I mean, we don't need to be lectured to by them. We're the economy that's doing the best of all the large industrial countries. We don't need to be lectured by a bunch of snobby guys.
Adam Lashinsky: Well, I believe that. And I was just thinking while Ben was talking, I don't know, I rather enjoy being lectured to by the Economist, but I guess that says something about me.
GOP Political Donors in Focus Amid Talk of a Contested Convention
Charlie Gasparino: They ultimately do decide it, in several ways. The donors decided Marco Rubio's fate. I'm telling you, I know major donors told him before Florida to get out. They thought they might have had a turn, he stayed in. And the reason why he got out right after Florida, despite saying he wouldn't is because they were going to pull the plug. And the major donors are threatening right now to pull the plug on the Republican Party. Remember one thing that any republican nominee needs, he needs a cachet of money from the GOP, from the party itself that goes to that candidate.
Ben Stein: Anybody who gets the nomination of a major party can raise as much money as he or she wants, there's no problem raising money. I remember Mr. Nixon saying how easy it was to raise money once you have the nomination. And so if Mr. Trump gets the nomination, he has a fair amount of money himself, nowhere near as much as he says he does, but he has a great deal of money. He'll get plenty of donations. The donors aren't going to decide. The voters are going to decide, will Trump implode or will a bunch of left lane punks try to drag him down? I don't know. I think he has a chance. I think he's got momentum.
Adam Lashinsky: Well, of course he has a chance, of course he has momentum, but I think the people with money will do, will just continue what they've been trying to do for months now. And they will funnel that money away from Trump. I totally disagree with you about Nixon.
Gerri Willis: I think you guys are full of doggy doo, the rich, the wealthy, the 1 percent, have been giving all this money in this campaign, it has not made a darn bit of difference. Jeb bush spent $80 million. What happened? He's out of the race.
Charles Payne: Who's ever in control of the government is in control of a $3 trillion budget. That's why the donor class always steps up. Having said that, I think Adam's right if the so-called donor class folks who would want to pull strings at a contested convention are going to make their last shot, they're last big money shot to try to derail trump. $200 million hasn't done it, it's doubtful any amount will do it.
New Look at Tax Hike Plans as Democratic Presidential Candidates Face Off
Charles Payne: You know what, Bernie does admit this much. But let's face it come on.
Gerri Willis: Oh gosh, no. $19 trillion, that's how much we're in the hole. It's going to cost you a whole lot of money. You know what I think is so interesting. Does Sanders have the same bill of rights I do? You have a right to a free education.
Charlie Gasparino: Let's be real clear, because President Obama was somewhat honest about this as well. Liberals generally believe that billionaires and millionaires start at families of five living in Long Island making a combined total of $200,000 a year. That's their definition of millionaires and billionaires. If you like him, vote for him.
Adam Lashinsky: I think the analysis is correct. I think Charles hit it on the head. Sanders at minimum is totally transparent about this, he's got a lot of things he wants to spend money on. He needs to raise taxes on everyone to do it.
Ben Stein: There's no way to save money. In fact we have to spend a lot more money. The joint chiefs were testifying last night; we've got to spend a lot more money on defense. So there's going to have to be tax increases on everyone. I'm afraid Mrs. Clinton and Professor Sanders, comrade Sanders have got it right here, there's going to have to be tax increases on everyone, the republicans are just dreaming if they think they can get through this without tax increases.
Charles Payne: Tempurpedic (TPX)
Adam Lashinsky: SPDR (XLY)
Ben Stein: SPDR (SPY)