rahm emanuel, 108 phone calls to geithner. that's one of the scary fact identifies i've seen. >> he runs everything. he runs everything. it's the chicago model. >> steve moore, "wall street journal" editorial page. >> coming up, the dow hits a new high for 2009. that's right, the dow is still strong. this by the way, is the two-year anniversary of the dow's all-time closing high back october 9th, 2007. this is humiliating. stand still so we can get an accurate reading. okay...um...eighteen pounds and a smidge. a smidge? y'know, there's really no need to weigh packages under 70 pounds. with priority mail flat rate boxes from the postal service, if it fits, it ships anywhere in the country for a low flat rate. cool. you know this scale is off by a good 7, 8 pounds. maybe five. priority mail flat rate boxes only from the postal service. a simpler way to ship. more than just money moving across markets. it's about exchanging ideas across cultures, opening up to the world- continuing to innovate. you need to have a nimble organizat

geithner will tell us, and the next day he told us no plan and the market went down another 2,000 points off of that. it was the geithner blowup, and then finally microsoft came out and citi bank came out in march and said we have earnings, but they had nothing to do with those companies. >> what's next? are we going to blame losing the olympics to chicago on bush? brenda: to give the president some credit, though, when he spoke on friday, he did not again say that it was an inherited economy, and, in fact, the job losses, though they did surge in september from august, there is still far fewer than there were in january. todd. >> yes, it's better than january, but every part of those numbers were bad. i mean, the amount of males unemployed, your salaries gone down, your hours worked has gone down. it looks bad. i mean, we are under 10% unemployment because so many people have stopped looking for work. it is a bad thing. the president said we will still have employment problems for the next year. that is not a good sign for our economy or his policies. >> but they said we saved 4 million

timothy geithner even said he was open to the idea. to me that is a admission of defeat. >> this weekend he said that a stronger dollar was important, as did other world leaders. had you been watching the fox business network, you would have known. sean: ouch. >> it is something to be concerned about, but you have got to caution people about this news. >> people are worried about the weakness of the dollar. it is because of how much we are spending as a government. sean: all right. i think that that puts america i enclaves fetus position. -- puts america in a defeatist position. we are very close to some version showing up in the senate, in the house. we have indications of how he will be -- how it will be. a back tax, what will that do to the struggling economy? >> something that we should point out about health care, job creation has release slowed down. -- really slowed down. what concerns me about what we are seeing over health care reform, whatever it is, really, is that anything on the economy is viewed as a stimulus. >> no one i

geithner on the other hand, much more and the folks at treasury, much more sensitive to how the markets would respond. much more sensitive to the argument over nationalization or good bank/bad bank setting off a panic on wall street that would lead to a run on these institutions. and summers playing the sort of traditional hard core academic challenges the premise of every argument that is brought to him just sort of hammered geithner and the treasury people and made sure they explored every other option. >> he report a conflict between him and austin in the white house over whether to bail out chrysler. >> again, austin, who is a deputy, the sort of number two at the council of economic advisors and a well-regarded economist from the university of chicago and came to the table with a pure economist argument with, look, if you bailout gm and chrysler, you'll jeopardize both companies. in other words, he believes that chrysler couldn't survive. he said let chrysler go and liquidated through bankruptcy and that's the best way to have a thriving auto industry with ford and gm surviving. an

we also have treasury secretary tim geithner out with some comments. and a new scathing report on the t.a.r.p. our steve liesman joins us to break it all down. >> put it all together. a novel concept here, dennis. losing money if you invest in banks. comments from sheila bair that secured creditors and banks should face losses in the event of a failure. quote, skin in the game. treasury secretary tim geithner said now is not the time to scale back on governor assistance to the economy, repeating his warnings that history shows scaling back too early can make financial crises worse. it's not surprising that treasury announced additional funding for its public/private investment partnership early this morning. these partnerships are supposed buy toxic securetized assets. of the five who received, they rated the private equity. now five of nine public/private investment funds to come. here are the totals now. the new money is $7.7 billion. total of $12.27 billion. they think by the end of the month up to about $35 billion, $40 billion out there. this morn

timothy geithner or frankie -- see my point? >> that's good. i would vote for you. >> i know you would. yeah. the other thing about this whole thing, conservatives say we're going to turn into sweden. what's wrong with sweden, anyway? i've been to sweden. have you been to stockholm? >> they're lovely people. they're a little bit socialist. >> it's a country -- >> it's not sad and useless. >> i don't think you're going to count on sweden to "a" invent pharmaceuticals, "b" protect the sea lions. the rest of the world has no military because, thank you, united states, we're here to protect all of the pip squeak countries. >> we're too good. more wars -- >> why do you want to be sweden? >> more military buildup. that's what we're supposed to be known for? great. >> and pharmaceuticals. you're not going to have any pharmaceuticals being invented. democrats have a genetic inability to understand the market, how things get invented. do you know how much it costs to bring a new drug to market? it's something like $800 million for a new drug. so, yeah,

i don't think necessarily bernanke disagreed with geithner. the council had always been part of the original proposal. the consumer protection safety agency is moving forward. >> wait a minute. >> frank is saying he's going to have legs laying soon. so i think we need it and the political side is moving forward, especially on the consumer protection side and -- >> isn't risk taking at the heart of capitalism. >> there's risk and there's excessive risk. if you look at the 1980s, what we have had is we have had excessive risk that often the market was not pricing in, and what all of the literature says, all the research says is you liberalize the markets, you need more transparency and more efficient regulators. that's really where we have fallen down on the job. >> let's let dan mitchell weigh in on this. >> two things i think are important. number one, the most important thing that should happen is we need to learn from the government mistakes that caused the current financial crisis. so hopefully in the future the fed will not be creating exc

timothy geithner or frankie -- see my point? you see my point? >> that's good. i vote for you. >> i know you would. yeah. the other thing about this whole thing, conservatives say we're going to turn into sweden. what's wrong with sweden, anyway? have you been to stockholm? >> they're lovely people. they're a little bit socialist. >> it's a country -- >> it's not sad and useless. >> i don't think you're going to count on sweden to "a" invent pharmaceuticals, "b" protect the sea lions. the rest of the world has no military because thank you, united states, we're here to protect all of the pip squeak countries. >> we're too good. more wars -- >> why do you want to be sweden? >> more military buildup. that's what we're supposed to be known for? great. >> pharmaceuticals. you're not going to have any pharmaceuticals being invented. democrats have a genetic inability to understand the market -- how things get invented. do you know how much it costs to bring a new drug to market? it's something like $800 million for a new drug. so, yeah, you can say once merck has fig

secretary of treasury tim geithner as well, he plays a lot of hoops. some of these congressmen as well. all of these congressmen they play on a house league. they played in college, some high school. they all have some game. you know what, two of those members from the house coming over today are republicans. maybe, richelle, a little bipartisanship at the white house. >> maybe this is kind of like golf, where guys play golf and talk a little shop as well. we'll see. i need to know why are there no women playing with the guys? what's going on? >> the white house secretary was asked that. take a listen to what he has to say. >> the president is someone who is the father of two young daughters, has an avid interest in their competing against anyone on the playing field. the president certainly played basketball and other sports with women in the past and i anticipate he'll do so in the future. >> gibbs was also asked why he's no on the list, why he's not playing tonight. he said he did play a couple weeks back at a pickup game and he twisted his ankle. h

tim geithner told a congressional committee the gdp numbers are encouraging, but, of course, millions of americans continue to struggle. >> unemployment remains unacceptably high for every person out of work, for every family facing foreclosure, fosh every small business facing a credit crunch, the recession remains alive and acute. >> investors helped to lift the dow 200 points on thursday. the nasdaq and s&p 500 making big gains yesterday. the markets soap just shy of two hours and are expected to pull back. >>> lawmakers in rhode island closed a loophole that made prostitution legal as long as it was done inside. a 1980 law passed by the state's general assembly cracked down on outdoor solicitation. didn't say anything about paying for sex indoors. more than two dozen suspected brothels operate in rhode island. the governor is expected to sign the new bill. >>> a maryland man could not be there to see the birth of his first baby because it was suspected maybe he had the h1n1 flu. doctors booted him from his wife's delivery room as a precaution. the couple had to get creative. the d

larry summers tim geithner. i can do this all day. we can spend the rest of the show running the names of of the people connected to the clinton administration who are running things for obama. you're hopeful about what? >> i'm hopeful that president obama has recognized that probably the people best to clean up the mess are the ones who created it. tavis: you're a bright guy. you believe that? >> i want to believe it. i may not be right on this. listen. we just went through the worst eight years imaginable as far as i'm concerned. and the day that president obama was elected, last november 4, it was such an emotional day. i was just really beside myself with happiness and joy and i realized it was not going to be easy for him. he was inheriting a catastrophe. not just an economic catastrophe, three wars, etc., etc. you wouldn't wish this on anyone. god bless him for wanting to attempt to do something about it. but it was funny. when he was running for office, he wasn't the candidate of wall street. they were giving their money to mcc

geithner and summers go at it over the stress test. and geithner, it took him a lot of work to convince the white house that he was on the right track with the plan. on the stimulus, it was a very important debate between summers at the nec over how big to go. in the end they decided not to go as large as some wanted him to? >> was it summers urging restraints? >> i think the political advisers thought there was no way to get anything bitter than what they got. there was an argument about the deficit. >> brian, thank you so much for your piece. a great, great story. >>> up next, what, if anything, did we learn today. >>> good monday morning. i am meteorologist, bill karins. we have some story weather out there today but also some nice weather. from boston, i-95 to philly and washington, d.c., it should be a nice day. and showers, very cool in atlanta. right through south carolina, and the west is looking great. to help you get the best price. how do you do that? with a touch of this button. can i try that? [ chuckles ] wow! good luck g

. >>> at 11:30, treasury secretary tim geithner will be in chicago to announce a multi billion dollar community project to help spur growth in communities. >>> has an airline ever lost your luggage? you have to see how one passenger singing the blues after what happened to his precious guitar. this is an update. it's an old story. but we've got an update.

what would you be talking to secretary geithner and the president about doing? >> well, i was over the weekend in eastern berlin and met many officials. and in my view there is a difficult demem la on the exit strategy because if on one side you take away the fiscal stimulus too soon you're like japan 2000 or u.s. in 1939, the double dip. taking the stem husband away right now and the recovery is still weak is a mistake. that could be made. on the other side if you maintain the stimulus margin and you run deficits keep on monetizing them, eventually that's going to lead to fiscal policy, including expected inflati inflation. that could again crowd out the recovery and the recovery of private demand. this wall of liquidity right now is chase iing assets. some of it is good news. it leads to higher stock prices. some is danger because it's a sharp increase in oil, energy, food. . >> right. >> that's why the risk i had in terms of policy. >> secretary geithner mentioned over the weekend that, you know, he would recommend to policy makers not to relive the past and

i mean, we know that secretary geithner had to go to china to give them some reassurance and i think they're also calling for this alternative currency. it's not just russia and south america. but china is also very interested in it. of course, you know the role they play in buying our paper. >> welcome to "the call." i'm melissa francis. you are listening to the question and answer portion of ben bernanke's hearing on financial regulation. stocks are lower due to disappointing economic news. let's go back to the hearing. >> there's two key issues i think. one is inflation. federal reserve is responsible for inflation. we are confident that we can manage our policies to support the economy. without inducing inflation in the median term. so we are committed to low inflation and fully believe we have the tools and political will necessary to achieve that. the second issue is about the current account and trade deficit. as someone earlier mentioned, we need to have a better balance where by the u.s. saves more, imports less and other countries, including china, rely more on their domest

timothy geithner has indicated we all welcome this strong dollar. >> reporter: what was interesting was that christine indicated this may gain a little more traction at meetings held in the future. particularly we continue to see weakness of the green back moving forward from here. certainly, this could be something that is a big problem for europe, the export story is obviously very significant for france, germany, italy, that export story is hurt by a stronger dollar and i suspect the europeans will be likely to attack this with fer rosty. and the other issue is the issue of employment, the employment report friday providing a little bit of a shock for the markets. and i caught up and talked to mr. rabini. we talked to him over the weekend about his take on employment. and i have to say it wasn't a particularly positive one. >> i see unemployment rates rising through most of 2010 in the united states also peaking close to 10% for many other companies. and not just going above 10%, but stay at that high level and return to normal more gradually and that's going to be one of the importa

so on a call with a few reporters this morning, treasury secretary geithner announced the program now has half a million borrowers in trial mod. the program is now reaching 40% of eligible borrowers. in addition, borrowers using the government's refi program have saved so far an estimated $10 billion in loan payments. but geithner adds we're living with some risk that housing is going to be a source of weakness for the broader economy. we still face an unacceptably large number of families at risk of losing their homes. this as a new survey from trulia.com finds more than a quarter home sellers cut their price at least one, an average of 10%. a total of $24.8 billion if presumed hoke equity lost. what about the extension of the tax credit? a senior administration official says there are a lot of ideas out there about what to do. those issues are not yet finalized. for more go to the blog realtycheck.crealt realtycheck.cnbc.com. >>> let's go to our market reporters. bob, was it the auction exchange that took some wind out of the sails of the market? >> yes, it was. it is not very typic

secretary geithner has said there will be no fixed list for companies that will be bailed out. are you in agreement with that? >> well, there's nobody more sick and tired of bailouts than me. i think the way this system has to be set up is that when there's a resolution, as we've been discussing, that people loss money and that the company can be wound down but does so in a safe way. as far as tier one is concerned, the idea there would be to, if you do that, if you designate firms, would be that those would be the firms subject particularly tough capital, liquidity and other requirements to make their failure and bailout much less likely. >> mr. chairman, if i -- >> if we have any bailouts we want to have a system that puts the cost on the stri aindustrie >> the question is, do you agree or disagree with the secretary or the treasury that there should be no fixed list of companies that would be too big to fail? >> that's a change, i think, from the administration's earlier position. i think -- i have no problem with a sort of a sliding scale in a sense that the largest firms h

why can't tim geithner under cross-examination by various committees ever come up with a number for the size or the amount of toxic assets on the books of banks? >> i think that's fair enough. i think one of the problems there, rick, is that what exactly is toxic is something that changes on a day-to-day basis. >> i understand. >> what about whole loans? whole loans have become a bigger problem. would this be a good solution for dealing with the whole loan problem? >> just to be clear, melissa, there are two separate programs under beneath ppip. one is one you talked about which is the ppip which is the thing announced by the treasury. the fdic, meanwhile, held a pilot project and did an initial auction over on toxic assets from one of the -- >> it didn't go very well. >> i think it went okay. i think they got out there with the assets and sold it. it was assets from a bank that had been taken into receivership. the bigger challenge for the fdic program is getting -- using that to get whole loans off the books of existing and functioning banks, which is a tougher sell right now. >> is t

tim geithner? he doesn't have any game. and a bunch of blue dogs. how hope the president gives hem a locker room talk. the president has been on the sidelines way too long in this health care debate. he needs to just jump in the game and lay out what he wants. this is a critical moment for the president. a new poll yesterday showed a major uptick in the president's approval rating for support on health care reform. pollsters say the public liked it when the president got involved. he spoke to congress, he went on the road, he needs to keep the pressure on. a poll just out today showed confusion still reigns when it comes to health care. 47% say they oppose the president's plan, but 61% say they support a public option. i also think democrats need to start calling the republicans obstructionists because i don't think the american people quite get it. only 27% of them think the gop is acting in good faith. okay, they get that. but 57% of them say that they want a bipartisan bill. i have no idea what the heck that is about. the democrats can't focus on

treasury secretary tim geithner and other finance ministers of the g-7 or the group of 7, richest nations in the world issuing a statement on china's currency. among other things. saying they welcome beijing's continued commitment, to move to a more flexible exchange rate. promoting a more balanced growth, in china, and the world economies and g-7 countries are concerned that an undervalued chinese currency is fueling chinese exports at the expense of their own and china runs huge trade surpluses and countries like the u.s., for example, run large deficits. >> and speaking of tough economies, horse owners across the country facing a major crisis right now. creating a crushing burden on rescue organizations, trying to cope with record numbers of surround -- surrendered animals and molly line has this report from massachusetts. >> reporter: a combination of bad weather and a worsening economy is creating crisis for horse owners across the country, leaving rescue organizations struggling to care for a record number of surrendered animals. >> the -- 2007 i believe we brought in 21 surrendered

one in the decisions that secretary geithner has been facing is if the chinese have been manipulating their currency lower. martha: before you go, a lot of this comes from the fact that china is such a huge consumer of oil. is this not just another argument for us to have our own resources, drill, baby, drill? >> they are doing actual physical deals, going through goldman sachs, morgan stanley, buying assets in canada and mexico to drill oil. so part of the picture -- there is this huge sub plot where eventually if it goes up to 150 barry -- $150 a barrel, there will be a plan. martha: thank you. >> quickly, we import 25% of the world's oil but we only represent 4% of the world's population. martha: pretty amazing. trace: breaking news crossing wires now. an earthquake magnitude 5.6 just struck 175 miles southwest of puerto vallarta, mexico. it is not a massive earthquake, but a significant one. we do not know if there is any damage. we will get you more as it comes in. in the meantime, congress debating what kind of sanctions to use against iran after provocative missile tests. and a

timothy geithner says that he does not feel that we need to do that. that money could be used for a lot of different things, including small business lending. over the next couple of weeks it will be interesting to see how the market goes from here. if the economy continues to show signs of life we might not see the rest of that t.a.r.p. money. at the same time, still available for the government. jane: thank you, generally. see you in the next hour. jon: industry experts on nursing homes are warning that many of those nursing homes could have to lay off workers, maybe even close in some cases. they are respected to reduce nursing home funding by an estimated $65 million. jane: an autistic boy from the state of oregon boarded an airplane without his family knowing. he used his mother's credit card to purchase the ticket on the internet, got a shuttle to the airport, using self-check and to board a united flight. his family used gps to track him. they were able to figure out exactly where he was. police say that he had been texting a girl in chicago and

. >> yesterday treasury secretary geithner said a strong dollar is very important to the u.s. do yagree? and what role do you see the dollar playing in global currencies in terms of its position now as a reserve currency? >> well, i mean, it is just that you're raising the question. it just shows up. it is a topic more and more and i think this topic will remain for the next years. we, of course, america had to, you know, the guy in the hat to talk about. he goes for a strong dollar policy. just imagine what would happen if you would not say that. so that is very obvious that he has -- i mean, older financial politicians, they go for stabilization of the financial system. that means that the dollar has to remain somehow stable. but i thought more important for politicians is they do not like to have any currencies at all. it's not moving higher. so they will like to have a stabilization in the currencies at all. the currency is not moving too much so that the economy can run and there's not more travel coming up. >> felix, imf and the world bank are meeting in turkey. lots of

and when you have timothy geithner not paying his taxes and becoming treasury secretary -- >> oh, yeah. >> when you have, as you say, charlie rangel in charge of writing tax policy, not paying his tax, and coming up with some flimsy excuses, that if you and i or any ordinary american, we would never have gotten away with. that's not the kind of america we want to live in. i don't care whether he's a democrat, a republican, an independent, this is really needed in this country, a level playing field. >> rangle wants to stay. he's not going. i'm telling you, i'm not going. listen to this. >> the way it works in the house is that when allegations are made and referred to the ethics committee, what is normally done is members wait until the ethics committee completes its investigation and its report. that's what i'm hoping happens with the republicans. >> do you think that he's really doing a disservice to the democrats in that the republicans are going to really come out looking good and gaining seats in the house in the next election? because of him. >> i think he is doing a disservice.

brian: timothy geithner was in the midst of this too. he was in the middle of that as chairman of the new york fed. gretchen: a fox news alert. a homicide bomber blew himself up in the office of the u.n. world food program in pakistan leaving three workers dead. new video shows the chaos in the streets of islamabad moments after the blast. two victims are pakistani women. the third was iraqi. the u.n. temporarily close the offices in pakistan. the story is shocking. a new mom stabbed by a woman posing as an immigration worker who then steals her newborn baby. the baby has been found safe and sound. state officials took the baby because of safety concerns. this morning the mom is not sure when she will see her baby or her three other kids because state officials took them as well. the indicates hinges on a judge in tennessee who will review the case this week and determine if and when the children can come home. the attacker could not have children of her own and wanted to adopt is now under arrest. the supreme court kicks off its new ter

timothy geithner or frankie -- see my point? >> that's good. i vote for you. >> conservatives say we're going to turn in to sweden. what's wrong with sweden? have you been to stockholm? >> they're a little bit socialist. >> it's a country -- >> it's not sad and useless. >> i don't think you're going to count on sweden to, a, invent pharmaceuticals, b, protect the sea lanes. the rest of the world has no military because thank you, united states, we're here to protect all of the pip squeak countries. >> we're too good. more wars -- >> why do you want to be sweden? >> more military buildup. that's what we're known for. great? >> pharmaceuticals. you're not going to have any pharmaceuticals being invented. democrats have a genetic inability to understand the market -- how things get invented. do you know how much it costs to bring a new drug to market. it's something like $800 million for a new drug. so, yeah, you can say once merck has figured it out, well, i can get those ingredients for $4, why are you selling it to me for $100. you're never goi

timothy geithner or frankie -- see my point? >> that's good. i vote for you. >> conservatives say we're going to turn in to sweden. what's wrong with sweden? have you been to stockholm? >> they're a little bit socialist. >> it's a country -- >> it's not sad and useless. >> i don't think you're going to count on sweden to, a, invent pharmaceuticals, b, protect the sea lanes. the rest of the world has no military because thank you, united states, we're here to protect all of the pip squeak countries. >> we're too good. more wars -- >> why do you want to be sweden? >> more military buildup. that's what we're known for. great? >> pharmaceuticals. you're not going to have any pharmaceuticals being invented. democrats have a genetic inability to understand the market -- how things get invented. do you know how much it costs to bring a new drug to market. it's something like $800 million for a new drug. so, yeah, you can say once merck has figured it out, well, i can get those ingredients for $4, why are you selling it to me for $100. you're never goi

. >>> treasury secretary tim geithner meeting with finance ministers from other go 7 nations in istanbul today. the u.s. has been pushing to decrease the size of the g7 from 7 countries to four, saying the current group has lost some of us relevance. >>> a man who is very relevant today, rick. >> answer a quick answer. we have people e-mailing, wanting to know -- >> that's good. >> when do we turn the clocks back? people want to know. >> i think it's november 1. let me double-check it. yeah. -- no, the first saturday in november. >> people thought today was the day. it's not today. >> there has been drought across much of south texas. this has been improving, though, after this last week. this is what it looks like. a couple dots here with the exceptional drought. more rain will be falling this week. that's great. we need all of the rain. that is the storm down here. moisture from tropical storm olaf. one system across the northeast, heavy rainfalling overnight. now we're seeing this across eastern areas of new england. this rain will be with us for the rest of the day here and then kind

i don't know if tim geithner was also there. what facts are we missing in terms of sequence of events. >> we've talked with anybody that has information. we're letting this investigation wherever it leads us, that's where we're going to go. >> when secretary paulson said it was me, it was me, and by the way, it was me. i told them to do it. it was me. that's not enough. >> some people are saying that's not the way it happened. we need to continue to look. if we're going to reform our system, don't we need to have all the information? i would think so. >> i think there's obviously information gathering, congressman, right? you'll issue a statement like this one. our investigation has uncovered troubling facts. we hope we can resolve unanswered questions about the merger. you clearly have some suspicions, right? >> of course. no doubt about it. that's the reason why we keep looking. we know there's something rotten in the cotton. we keep going to see what was happening. that's the reason the investigation is still ongoing. >> it's

i did not understand tim geithner asking for an audit of the federal reserve. we need this distraction to keep our mind off the government. i appreciate it. host: we have a tweet. it will only cost america up more money. lost in the conversation is the fact that these olympics are for 2016. we have to go through london first. this is the front page of "the hill" newspaper. "they tried to convince captain sully sullenberger to run for a congressional seat in california. the gop wanted sullenberger to run against jerry mcnerny. the white house did not make calls on public option. they did not lobbied senators before the rejected two amendments the but of edit a public option to the reform plan. north carolina. joe. you say you are opposed to the president's trip. caller: i think that it is a waste of time for him to be doing that. they're more important things for him to be doing. we need as many jobs in this country as we can. i think rio would be a better place to have these olympics. host: what do you think rio is a better place? caller: i think there is too m

the key thing will be the leadership of timothy geithner air and ben bernanke on what they do on interest rates. and how that will stabilize world financial systems and allow for a safe rebalancing, or whether they will continue to say the u.s. is my first focus, we need to have a solid recovery, put pressure on the chinese to react to that. the fourth quarter of 2009 may be an historic quarter. we will have to see how this international into play place our. how this -- how this international interplay plays out. caller: the dollar is trading somewhere around 76. how do the chinese handle these special drawing rights that come up for evaluation in 2010? how do you measure the weakness of the dollar? do you measure it by one and two? by the massive amounts of liquidity? how do we take that liquidity out of our system? host: excellent questions. -- guest: excellent questions. you are focusing on the big inflation question. the first major concern we have about the future is are we going to have significant inflation? during the recession the federal government massively increased the amount