A crushing trillion dollar loss in the stock market for the week! Ed Rollins says we have a political system that does not work when it comes to budgets! Rollins believes Ryan and McConnell should be relieved as leaders of the Republican Party. The new budget increased our debt by a half trillion dollars!
John Lonski is Moody's Chief Economist. He suggests we need term limits!
Ed Rollins says that the next generation is going to pay a very heavy price for these deficits. They are getting politically active. Whichever political party can present them with a plan to reduce the deficits is going to become a majority party. The interest on this debt is going to become the biggest item in the budget in short order!
Lou is upset that even though there is no sign of inflation, the Fed is still talking about raising interest rates.
Nine Iranian hackers have been stealing intellectual property from American universities.
Both the Senate and House have committees calling for testimony from Mark Zuckerberg. Facebook and Twitter both collaborated with the Russians. Zuckerberg and Sandberg took sides with Obama and nobody said a word. Lou Dobbs says Facebook has heinously cowardly management. Morgan Wright is a cybersecurity expert. He says Facebook does an excellent job from a security standpoint. Where Facebook is failing is their policies and governance, and they failed on the governance. Lou says Facebook users' data is awash on the web as a result of Facebook. Diedre Bolton reminds us that Steve Jobs warned, "if you are not paying for the product, you are the product!"
John says that Facebook collects 48 separate data points about each user of Facebook and uses this "persuasive psychographics" to manipulate you! Both of Lou's guests believe Facebook must be regulated.
Trump wants to ban bump stocks, which turn semi-automatic weapons into machine guns with the rate of fire. Lou thinks Trump has a good idea. Bump stocks were approved by the Obama administration. Gina Loudan and Dom Giordano agree with Trump's ban. However, Lou cautions that the Left means to roll back our Second Amendment rights.
Lou wants to see Zuckerberg explain to the American people what he has been doing and take responsibility instead of his unintelligible mumbo-jumbo blather!
Lou talks with Robert Jeffress, pastor of the First Baptist Church of Dallas about the leftwing media attacks on Christians. Jeffress says "Liberals know that conservative Christians are the last speedbump on the road to the Godless immoral society that liberals dream of." Jeffress thanks President Trump for creating a new atmosphere where people feel emboldened to share their faith.
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