CONNELL: CHAD, THANK YOU, NICE
TO HAVE YOU AS ALWAYS.
CHAD PERGRAM IN WASHINGTON.
NOW BACK TO THE WIDER QUESTION,
WHAT WOULD IT TAKE TO GET
CONGRESS GET GOING ON STIMULUS?
HADLEY HEATH MANNING,
INDEPENDENT WOMEN’S FORUM, GARY
KALTBAUM, KALTBAUM CAPITAL
MANAGEMENT, FOX NEWS
CONTRIBUTOR.
HOPE YOU HAD A HAPPY
THANKSGIVING.
HADLEY YOU WANT TO TAKE THE
DISCUSSION, WE HAVE HAD THE
DISCUSSION FOR WEEKS AND MONTHS.
WOULD IT BE HUGE DROP IN THE
MARKET OR IN THE ECONOMY OR
DOESN’T HAPPEN AT ALL GETTING
THESE GUYS GOING ON STIMULUS
WHAT DO YOU THINK.
>> WE’RE OFFICIALLY IN THE
CHRISTMAS SHOPPING SEASON WITH
THANKSGIVING AND BLACKS FRIDAY.
REALLY A BIG BOOST FOR THE
ECONOMY THERE.
A DIFFERENT SEASON AS YOU
MENTIONED, CONNELL, IT’S A LAME
DUCK SEASON, JUST BECAUSE THE
ELECTION IS OVER POLITICS
CHANGES BUT THE GOVERNMENT
DOESN’T CHANGE IMMEDIATELY.
WE’VE BEEN IN A SEASON MUCH
DIVIDED GOVERNMENT.
CHANCES ARE IN ALL LIKELIHOOD WE
MAY SEE DIVIDED GOVERNMENT EVEN
AFTER PRESIDENT-ELECT BIDEN
TAKES OVER THE WHITE HOUSE.
WHEN YOU HAVE DIVIDED GOVERNMENT
YOU HAVE BOGEYMAN ON BOTH SIDES.
OPPORTUNITY FOR TALKING HEADS OR
PUNDITS BLAMING WHOEVER YOU WANT
TO BLAME.
SENATE, THE HOUSE OR ELECTION OF
BIDEN OR LAME DUCK TRUMP.
THERE IS NO REAL CHANGE HERE
WHEN IT COMES TO THE GOVERNMENT
AND SORT OF THE INCENTIVES FOR
POLITICS, POLITICIANS TO ACT.
CONNELL: THERE ISN’T MUCH TO
HOLD BACK THE STOCK MARKET,
GARY, OBVIOUSLY.
WE HAD THIS HUGE MONTH OF
NOVEMBER, BY SOME MEASURES THE
BEST EVER IN THE MONTH OF
NOVEMBER FOR THE S&P 500 AT
LEAST EVEN WITH TODAY’S PULLBACK
HOWEVER, YOU KNOW, YOU COULD
ARGUE IT HURT REGULAR PEOPLE NOT
HAVING CERTAINTY, NOT BEING ABLE
TO PLAN.
YOU SEE ALL THE SMALL BUSINESSES
DO CLOSING WE WILL TALK ABOUT
LATER IN THE SHOW.
MANY TIME WE TALK TO A
RESTAURANT OWNER, WELL YOU KNOW
WHAT?
I COULD USE A FEW MORE BUCKS TO
FIGURE THIS OUT AND THEY STILL
HAVEN’T FIGURED IT OUT.
WILL THEY?
>> WELL THEY ARE REDEFINING THE
WORD LAME IN THE LAME DUCK.
STOCK BUSINESS IS GREAT AT
TALKING TO REAL PEOPLE OUT THERE
AND THESE POLITICIANS WHO ARE
POLITICALLY POSITIONING
THEMSELVES ARE LEAVING MILLIONS
OF PEOPLE IN THE LURCH, MILLIONS
OF BUSINESS OWNERS IN THE LURCH,
THE NUMBER OF PEOPLE THAT HAVE
SHUT DOWN THEIR BUSINESS IS
GARGANTUAN.
WE HAVE BEEN WATCHING VIDEOS OF
PEOPLE IN THEIR CARS LINING UP
TO GET FOOD AT FOOD BANKS IN
RECORD NUMBERS YET THEY SIT
THERE AND JUST WHISTLE AWAY THE
DAYS AS WE HEAD INTO YOU KNOW, A
NEW PRESIDENCY.
IT AS ABSOLUTELY BOGGLES THE
MIND THEY KEEP SAYING HOW MUCH
THEY CARE ABOUT THE PEOPLE, THE
COUNTRY.
BY THE WAY WE’RE TALKING ABOUT
BOTH PARTIES HERE AND NOTHING
GETS DONE AND THE BLAME, THEY
KEEP BLAMING EACH OTHER AND YET
YOU HAVE MOMS AND DADS AT
3:00 IN THE MORNING LOOKING AT
THE CEILING TRYING TO FIGURE OUT
WHERE THE NEXT DIME AND CEILING
WHERE THE MONEY WILL COME FROM.
CONNELL: WE’LL TALK ABOUT THE
ADMINISTRATION AND WE’LL HAVE A
FULL REPORT ON PRESIDENT-ELECT
BIDEN’S ECONOMIC TEAM BUT YELLEN
WHO WANTS TO BE THE NEXT
TREASURY SECRETARY IF CONFIRMED
HOPPED ON TWITTER.
I BELIEVE SHE HAS MORE FOLLOWERS
THAN THE THREE OF US WHICH IS
DISAPPOINTING IN ONE DAY.
HERE IS HER FIRST TWEET.
WE FACE GREAT CHALLENGES FOR THE
COUNTRY TO RECOVER.
WE MUST RESTORE THE AMERICAN
DREAM, A SOCIETY WHERE EACH
PERSON CAN RISE TO THEIR
POTENTIAL DREAM BIGGER.
AS TREASURY SECRETARY I WILL
WORK EVERY DAY TOWARDS REEF
BUILDING THAT DREAM FOR ALL.
HADLEY, YOU FIRST, REBUILDING ON
THE DREAM, WOULD IMPLY IT NEEDS
TO BE REBUILT.
WHAT WOULD YOU TAKE AWAY FROM
THAT IF ANYTHING.
>> THAT IS A BEAUTIFUL
SENTIMENT.
I DON’T THINK YOU WILL FIND
ANYONE THAT DISAGREES WE WANT
THE AMERICAN DREAM TO BE
ACCESSIBLE TO EVERYONE.
THE PANDEMIC HAAS BEEN A HUGE
SET BACK.
CONNELL, PEOPLE HAVE BEEN
AFFECTED BY THE PANDEMIC
DIFFERENTLY.
IF YOU’RE RICH OR POOR, SMALL
BUSINESS, BIG BUSINESS, MALE,
FEMALE, PARENT OR NON-PARENT YOU
HAVE HAD A DIFFERENT PANDEMIC
EXPERIENCE.
BOTTOM LINE WE HAVE TO FOCUS NOT
JUST ON SHORT TERM STRATEGIES
FOR MITIGATING VIRUS.
WE SEE THE OPTIMISM ABOUT
VACCINES.
AMERICANS ARE SICK OF IT.
THEY DID SPEND A LOT ON
CHRISTMAS SHOPPING HOPING TO
FIND SOMETHING REDEPTHING,
SPIRIT LIFTING ABOUT 2020.
OVERALL IT HAS BEEN A
DISCOURAGING YEAR BUT THEY HAVE
STILL A LOT, WE’RE STRUGGLING IN
THE
THE CONSUMER CONFIDENCE CATEGORY
FOR NEXT SIX MONTHS T WILL BE A
ROUGH RIDE FOR MANY AMERICANS
UNTIL WE GET OUR WAY OUT OF
THIS.
CONNELL: GARY, A FINAL THOUGHT
ON BUILDING THE AMERICAN DREAM.
YOU’RE FAIR AND BALANCED IN YOUR
CRITICISM FOR FED CHAIRS AND
THIS IS A FORMER FED CHAIR THAT
WANTS TO BE TREASURY SECRETARY
MAKING THAT COMMENT.
>> I HAVE NEVER BEEN MORE
OPTIMISTIC ON THE PEOPLE OF THIS
COUNTRY.
I’VE NEVER BEEN MORE PESSIMISTIC
ON PEOPLE LIKE YELLEN, POWELL,
THE REST OF THEM TALKING THE BIG
GAME BUT ALL THEY HAVE DONE
THROUGHOUT THE YEARS, THIS
INCLUDES BERNANKE, THEY HAVE
ENABLED TRILLIONS DOLLARS OF
DEBT WE’LL NEVER GET OUT OF
RIGGED MANIPULATED.
JUST SO YOU UNDERSTAND JAY
POWELL IS SPENDING BILLIONS OF
DOLLARS BUYING APPLE BONDS BUT
NOT HELPING OUT THE POOR.
THAT IS THE BEST WAY TO EXPLAIN
IT WHAT IS GOING ON IN A
NUTSHELL NEEDS TO BE FIXED AND
ATTENDED TO.
THERE IS NO ACCOUNTABILITY WITH
THESE PEOPLE.
I’M HOPING SOMEWHERE ALONG THE
LINE SOMEBODY STARTS LOOKING AT
THIS OR ELSE.
YOU KNOW WHAT I THINK WILL
HAPPEN AT THE END OF THE DAY IN
THE MARKETS BECAUSE OF ALL THIS
THERE IS 270 TRILLION IN DEBT
AROUND THE GLOBE.
I DON’T KNOW HOW YOU GET THAT
BACK INTO THE TUBE.
CONNELL: AT SOME POINT WE’LL
HAVE TO DEAL WITH THAT, WON’T