i kind of agree with jerry bowyer. i don't think you want a strong dollar or weak dollar.ou want a stable dollar. i think the fiscal policies being pursued will help encourage that. i'm not sure i understand what michael pinto's philosophies are but i think the obama administration is working hard to make sure we have stability. >> he asked me a question, let me answer it there. are sabers in this country, retirees who have money in the bank, don't you think they deserve a real interest rate for their savings? that's where i'm coming from. >> inflation is not really a threat. >> no. >> of course not. you were talking about oil prices doubled, they go up every summer. that's not a big issue. >> they double every summer? does copper go up 80%. >> what we will see in the fall oil prices will come down again and have more stability and the oil market will help the rest of the market and have a lot more stability and have a period of growth. i think we need to calm down and take some perspective. >> let me return the favor and come to keith's defense k.s go up in the beginning

let's ask jerry bowyer and two bears, scott at 23 live.com and tiki. let's look at the charts.hree basic scenario, if i can get the s&p 500 to date. it was over 900 in january and fell to the low 600 level. we pause and we're at 1,003. if we can get to 1,009, ariel nelson argues, that's a new support level and the market ends up going higher from there. a formal correction would take things down 10% or association down 1,000 to the 900 level. still okay if you've been putting money in when it was back at 666, but a far bigger tumble downward would only take us to 880 or so because of the math involved. even if you have a bigger tracement, you go way back down after stocks have risen a lot after 50% since march, you still doing that you're better off if you're putting money in all the way along. tika, what are you betting on, total armageddon? >> not total arm get don. this is going up for the primary reason fund managers underinvested most of this run and trying to save their job and running in and there getting stocks on the books right now. you have a u.s. consumer being chas

the three dissenters, jerry bowyer, steve moore and jimmy p. very interesting.st your own vote, head over to kudlow.cnbc.com. we are back with larry lindsey, former fed governor. joining us is nome schiber, why did president obama decide to renominate ben bernanke and why today? >> i think the continuity is large for them. they know the difficulty almost every fed chairman has establishing a rapport with financial markets. ben bernanke himself was not immune from this and had stumbles communicating his intentions in 2006. certainly don't want to repeat that even with someone as well-known as larry summers, treasury secretary, presumably take a little time to get a comfort zone and establish a rapport with markets. not something you want to do when the economy and financial sector is so weak. the other thing that looms very large is the credibility argument, which is that bernanke has vastly expanded the fed balance sheet. that has to be unwound at some point, we can debate how soon, but at some point. i think they were worried if they came up with a new fed chai

mark walsh, founding ceo of air america and the radio show "left jab" and syndicated columnist, jerry bowyer good to see you. mark, what about you? what about the fact the deficit is going down because we're not going to give $262 billion to the bank? >> yeah, way to go. it is good news. shows the banking sector is rebounding in a more robust fashion than many predicted. i think these deficit projections we've seen year after year under different administrations are always a little bit off anyway. it's a great number but what's left, to your point, still a very large number. >> that was my sense of it as well, the fact they're not giving money to the banking system is actually good news because we should take it at face value they think the banking system doesn't need it, good news. >> good news, right, that the banks are strong and we shoupt be subsidizing the banks. good news we recognize that. we have to have a pretty low fiscal standard to throw a party for a $1.6 trillion deficit. in this kind of environment to be talking about launching brand-new entitlements, good news down to 1 1/2.