Sandy's impact on national economy
Financier Don Marron weighs in
- Duration 5:06
- Date Nov 3, 2012
Financier Don Marron weighs in
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Or any less of a pain in the gas New York governor to Cuomo along with the Department of Defense setting up emergency mobile.
Fuel stations is just coming into us in the New York City.
Metro area that would allow free gasoline to be distributed.
Two -- strapped customers.
It would be a ten gallon per person limit I don't know where these set up senators.
But that there trucking upped its world.
Million gallons of fuel to the New York area -- this beginning but now this weekend.
On -- -- on the same day where about little over an hour away.
From gas rationing going into effect.
In the state of New Jersey the first time we seen that since the last energy crisis back in.
Odd place that news ended on number get gas -- -- -- -- -- Even numbered plates on even days.
But most votes in New Jersey have no idea.
Of this is happening most traveling through the state had no idea this is happening so imagine -- surprised little afternoon.
If they have the wrong plate and they expect gas in the the guy tells with -- -- sorry.
-- -- come tomorrow that's -- go down well anyway.
Reaction to all of us and what could be a storm whose final tally could be north.
Up fifty billion dollars with Wall Street titan Don Marron former CEO campaign wherever so many other -- things -- -- resonate.
We'll just keep them rolling under -- nine.
What had -- -- -- little goes down.
Well I think again the resilience of New Yorkers comes through it's -- very very serious problem I think the big issue here in addition -- him thing about it is that.
Limitations of the infrastructure.
In new York and around the country this is a topic that was.
Prominent a couple of years ago and is not now whoever wins this next election.
Has got to focus on the infrastructure of this country it's old you see this in these pictures you see this in the road you -- -- the ability to really.
Deliver gasoline -- another thing.
This is a storm had plenty of warning on -- we have a great mayor Mike Bloomberg but the reality is.
Well Castro saying maybe not exactly and well maybe there are but I would marathon today and everybody in the late in that decision but he made the decision and I think the fact is the infrastructure of this great country is not up to.
And had it -- You have to pay for with taxes but I do think for example the case of President Obama in the next -- and the other thing about doing infrastructure creates jobs it creates visible so.
People will see people out there working.
Visible jobs in the community making a direct impact on what's.
I have great respect you John but every penny -- senior mark and it's dirty term for infrastructure.
It doesn't find its way there and it and I had a dime for everytime -- and we're gonna build -- road -- bridge it.
I don't know a lot of -- because we never get the reporter rich so between tolls and answer -- gas taxes fees.
That all men soon do the very thing that you address once you've done I think most would agree with -- We don't see it do we need like.
And infrastructure lockbox -- Well I think we need something you have to right we don't -- that gets diluted by the system which is the big issue one of the big issues in this election which is.
-- government -- it's getting bigger and bigger that problem and get bigger and bigger and turn.
All I'm saying.
Eventually what happens in this country -- problem -- so visible so obvious that even all -- all the politicians can get together.
And presents something that's practical and effective and we'll work so -- If we switch.
Players in the White House let's say president Romney comes will it change is that it do you fear and you've addressed this in the past year and several administrations.
That there's just a tone in Washington that make getting anything done.
Yeah I've been down there a couple of times in the last week and unfortunately that is the -- the whatever you say it's hard for the administration to get everything done that handed over the keys to a congress.
In the congress.
-- -- -- -- Who were willing to sacrifice the future of the country in order to push the -- point you gotta hope this time around whoever is the next president will be.
Able to walk across Theo.
Get some compromises and more important than that picked the right priorities.
Obviously that this a fiscal cliff right we got to take care -- that.
Beyond that there were multiple things have to be done about the economy the most important is having a job.
Creation opportunity it's not easy so.
Wall Street I think.
I think Marcus wouldn't pull up whoever wins the Davis I was -- that it we've seen earnings contraction aren't you worried that -- -- of recession unit can.
I think it's an aluminum they're a tough time I think the reality is yields are too -- keep your money is -- that are earning nothing.
-- -- wants a good point.
John Merrick thank you very much courses talk about it is that you get on the treasury notes and bonds that maybe -- will draw that money out of course.
-- -- virtually 0% that's our hope was.