we are joined now b john lonski, the man on the economy. good to have you here.first of all, washington d.c. sending all that money and they're having a party. what is the deal? >> it is a ball of confusion. we cannot figure out what they intend to do. on the one hand you have the fed tried to stimulate the economy by a standing quantitative easing. on the other hand you have all of these regulators have tried to curb economic activity. lou: and all the taxes that "chalk talk" and january 1st. a lot of folks are about to sweat. capital gains are going up by 33 1/3%. >> and what is making matters worse, we have had a pronounced slowdown my income. the incredible. we now have real disposable income growing by just over 1 percent annualized. during the past prior to this, real disposable personal income usually drew between three and three and a half% annualized. lou: this administration, they don't even know what country they are in. they don't know. they don't understand the basic precepts of of free enterprise capitalist economy. either that or it is a column tha