observations that i'm obsessing with these days and talking about in writing about on my blog jared bernstein.comm like we are world awash in savings and deferred earnings in the conduct of our conversation. awash in savings, awash in laudable funds and yet awash in weak demand. figuring out and on doug's comments about smoothing the road between investments, investment income and investment possibilities so figuring out how to connect those two days disparate facts of life right now. a lot of laudable funds. investment levels that looked low to me. a lot of investment needs either public or private but certainly in the public space in terms of public infrastructure and very weak labor demand. that's a marriage that should happen and they extend the tax code can facilitate that's a great inspiration for tax reform particular in the corporate side but on the personal site as well. >> jerrett is just wrong. part of it is just strategy. you should not design a tax reform for the problem of the moment. you should design a tax reform to give you a tax code that is durable and has permits and raises th