There are various estimates about the third quarter impact. Our CEA (Council of Economic Advisers) numbers are somewhere between a half and one percentage point on growth. That would still probably leave us at a decent rate of growth for the third quarter.
Ben Bernanke
Related There are various estimates about the third quarter impact, ... Our CEA (Council of Economic Adviser... BEN BERNANKE We believe both revenue growth and margins are within the range of guidance given in the third-quart... DANIEL NILES The third quarter is looking great. We will hit our numbers. We are continuing to have strong growth... KENNETH LAY For the third consecutive quarter, our year-over-year license revenue growth rate accelerated. We be... ALFRED CHUANG The acceleration in sales growth achieved in the third quarter gives us further confidence that the ... WILLIAM ALLAN Revenues in the third quarter of 2005 reflected lower prescription growth and increased competition ... HANK MCKINNELL After a slower first half year, we are pleased to see growth across Philips has picked up in the thi... GERARD KLEISTERLEE We were trying to keep people away from predicting 15-to-20-percent growth rates [in U.S. services] ... JEFFREY JOERRES One of the things that happened today is the sneaky suspicion that the Fed may raise interest rates ... MARK STOECKLE We have now registered our fourth consecutive quarter of strong sales growth and our third consecuti... FRED HASSAN We needed 20 percent economic growth in the third quarter to get rid of all of the excess capacity i... ETHAN HARRIS We needed 20 percent economic growth in the third quarter to get rid of all of the excess capacity i... ETHAN HARRIS Growth will slow down going into the second and third quarter. CAROLINA MILANESI The fourth quarter was a good quarter. We are optimistic given that the outlook for global economic ... EMMANUEL SOUPRE Looking ahead, we anticipate a somewhat softer third quarter and, again, a more dynamic fourth quart... DANIEL VASELLA We just delivered the highest third quarter performance in the history of SAP America and the twelft... BILL MCDERMOTT I would look for IBM to still have decent growth in the fourth quarter. It's usually a pretty good q... WENDY ABRAMOWITZ The Fed will welcome this report as it suggests that slower economic growth will be extended into th... STEVEN WOOD Dell reaffirmed their guidance for the third quarter, but gave no guidance going forward. They also ... DAN NILES That 3-point foul at the end of the third quarter put the nail in us. CATHY RALSTON The estimates are for earnings to be down 50 percent in the second quarter, 37 percent in the third ... CHUCK HILL There's nothing about the third-quarter numbers that anyone can complain about. BRIAN MODOFF Economic growth is rebounding after the temporary weakness in the third quarter. Rising export price... JOSEPH CAPURSO The July data, and the year-on-year increase, confirm that a moderate but sustainable recovery conti... GEORGE SCALISE I am pleased with the overall strong performance of our business in the third quarter, particularly ... DANIEL VASELLA As mentioned in our third-quarter conference call, bookings started to soften at the end of the thir... GREG WILLIAMS Right now it's wonderful to celebrate good earnings growth in the first quarter and nice growth in t... WENDELL PERKINS This is a report that suggests that economic growth is slowing very sharply. It's a report that indi... ELLIOT PLATT Solid execution drove another outstanding quarter of double-digit growth, ... These [third-quarter] ... BRUCE CHIZEN Intuit posted strong revenue growth and even stronger profit growth during the third quarter, ... Th... STEPHEN BENNETT We came in the huddle at the end of the third quarter. There is still one more quarter. Our seniors,... NATE NYGREN That sliced off about a half a percentage point in growth. JAY BRYSON It'll be a solid number, but it won't post the 8.2 percent growth we saw for the third quarter. JOE ABATE I am disappointed with our revenue growth for the quarter just ended. However, we made some changes ... JACK SERINO We are not changing our estimates today, but do expect to have to lower them again after the call --... CHARLIE GLAVIN This exceptional third-quarter momentum, combined with our outlook for more modest earnings growth i... BOB ULRICH The strength in our third-quarter financial results is cause for excitement. I'm particularly please... BERNARD EBBERS Growth in euro-land economies is starting to come through, particularly in the industrial sector. It... GWYN HACCHE Growing our total online services and technology revenues by 8% from the third quarter to the fourth... PETER JACKSON Rising energy prices will further subtract from already-falling real income growth in Japan. In our ... CARL B. WEINBERG The strength in our third-quarter financial results is cause for excitement. I'm particularly pl... BERNARD EBBERS Despite the global economic conditions and its potential effect on our [third-quarter] revenue, Adob... BRUCE CHIZEN That low inflation rate leaves the Fed plenty of latitude to remain on hold, and reinforces our expe... MAURY HARRIS We believe that our third quarter revenue growth places Red Hat among the fastest growing mid-cap te... DION CORNETT We played a good first half but the third quarter let us down. DES HENNESSY The third quarter was probably the deciding factor. Willis hit some big shots in the third quarter. DAVID PATRICK This report may modestly lower third-quarter real GDP estimates, DAVID ORR This report may modestly lower third-quarter real GDP estimates. DAVID ORR For 2006, prospects for economic growth and the automotive industry are positive. Most economists ar... ANFAVEA PRESIDENT ROGELIO GOLFARB However, as these markets continued to decline in the third quarter, it became likely that even with... ALAIN BELDA Signs of financial stress still are present. The persistent interest rate increases by the Federal R... JAMES CHESSEN We currently forecast what we believe is a 'reasonable' recovery, which includes assumptions for sli... JOSEPH OSHA We are seeing a different environment and performance in the second half of the fiscal year compared... BRUCE ROHDE I challenged Angelina during the third quarter. She went out and put up some big numbers in the seco... MYRON CORBETT Selling, general, and administrative expenses as a percent of net sales and operating revenues incre... AUSTIN LIGON They were just hanging around. I just didn't feel comfortable with our lead at the half. That third ... JIM AUMANN We're not expecting any revenue impact in the third quarter or the fourth quarter, ALBERT RAUCH For the third quarter, analysts are bringing their estimates down again, but not by as much as norma... JOSEPH ABBOTT We achieved strong third-quarter growth in cereal volume in the United States and Latin America and ... ARNOLD G. LANGBO In the third quarter 2005, we produced our best third-quarter result ever, JOSEF ACKERMANN The inventories number was weaker than expected and suggests they may detract from growth in the thi... ADAM CARR The market is more focused on the bigger trends we have seen of late, and that is concerns about inf... PETER BOOCKVAR While we are pleased that we were able to reach a tentative pilot contract, the financial implicatio... JAMES GOODWIN We continue to believe this is a second half story, but need to see revenue growth return year-over-... DANIEL NILES We had a real tough second quarter, a really devastating second quarter, probably the worst we've ha... BOB KOSKOSKY The third quarter was a rough quarter, but Troy is one of the best-coached teams that we play. They ... AMY HANCOCK The U.S. economy and consumer confidence remain strong, and demand for new cars and trucks continues... BOB REWEY There's also the practicality that people are needed to do the work, but I'm not sure whether the th... JEFFREY JOERRES This shows tremendous economic resilience, the fact that we can get a 3.8 per cent growth rate with ... MICHAEL STRAUSS While Cisco is only five weeks into the third quarter and it is premature to quantify the impact of ... LARRY CARTER The biggest news from our third quarter 2005 was the completion of the US Airways/America West merge... DOUG PARKER The front end of the curve tried to rally a little bit and there was a trade down in the belly of th... DOMINIC KONSTAM Profits will probably still decline in the second quarter, but at a slower rate than in the first qu... HENRY WILLMORE These are not incredibly large numbers, ... Along with the lower tax payments, refunds could add a h... JIM O'SULLIVAN The third quarter is going great and there is no change in our outlook from what we said at the end ... MICHAEL DELL Sometimes you've got to win ugly. We didn't play well on our floor and I think that was because of o... BRIAN ELLIS They are not completely dry, but they are very low. Many ponds are probably a third or a quarter of ... BRIAN TRIPLETT We believe that Boyd should also benefit from this continued Las Vegas locals growth, so we're curre... MARC FALCONE We expect commentary regarding the third quarter to be conservative - we could see revenue growth ta... JOSEPH OSHA We were down at half, down in the third quarter. We were just trying to pull out of our funk a littl... DOUG GALLOWAY With second-quarter sales in our core consumer film business up double digits on a volume basis worl... DANIEL CARP Everyone's competing for these drivers, and these drivers are jumping from company to company. In th... BOB COSTELLO We're a third-quarter team. We know that the first two minutes of the third quarter are going to dic... BRIAN ZOUBEK We lost our composure a lit bit in the third quarter and that was probably the difference in the bal... NATHAN WELLS The kids really jumped ahead at the start of the third quarter and that helped us control things a l... DOUG BURGE We are pleased to report the 33rd consecutive quarter of revenue and earnings growth, ... We are esp... JOHN CHAMBERS Hats off to Dave. He burned us twice on the same play at the end of the game. It was evenly matched ... CHRIS GREENE We're at a funny point in the cycle. The companies have reported that they're seeing some growth for... RAY RUND The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming... WILBUR ROSS As mentioned in our third-quarter conference call, bookings started to soften at the end of the thir... GREG WILLIAMS We have estimated the losses at GE Insurance Solutions from the storm and its aftermath, and despite... JEFF IMMELT The one thing I liked about Ben was when the game was there in the fourth quarter, he never really f... BILL COWHER The inflation rate keeps moving downward. That gives the central bank room to cut the reference rate... BERTRAND DELGADO We expect vigorous growth for the first quarter of the year. If we continue having this type of indu... GUILLERMO ORTIZ In the first half West Fork did a good job of playing the game at their pace. In the third quarter o... VIC RIMMER The data does not support that high-income tax cuts are the main drivers of growth, so I don't t... AUSTAN GOOLSBEE We didn't have the same intensity in the third quarter as we did in the first half. We got away from... WENDEE WARG That gave us momentum. If they make a run there we might hang our heads in the locker room, but we e... DAVID MCCLURE I think the third quarter's going to be better than the second quarter. I think the fourth quarter [... LAWRENCE LINDSEY The economy was pretty much firing on all cylinders, and the second quarter showed us still on a goo... LYNN REASER
More Ben Bernanke
Economic science concerns itself primarily with theoretical and empirical generalizations about the ... BEN BERNANKE Among other objectives, liquidity guidelines must take into account the risks that inadequate liquid... BEN BERNANKE Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, altho... BEN BERNANKE The decline in home equity makes it more difficult for struggling homeowners to refinance and reduce... BEN BERNANKE Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong. BEN BERNANKE Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a g... BEN BERNANKE Aggregate statistics can sometimes mask important information. BEN BERNANKE Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster ... BEN BERNANKE Textbooks describe economics as the study of the allocation of scarce resources. That definition may... BEN BERNANKE History has demonstrated time and again the inherent resilience and recuperative powers of the Ameri... BEN BERNANKE Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their ... BEN BERNANKE No economy can succeed without a high-quality workforce, particularly in an age of globalization and... BEN BERNANKE The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-b... BEN BERNANKE The lesson of history is that you do not get a sustained economic recovery as long as the financial ... BEN BERNANKE Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement -... BEN BERNANKE I believe that the Federal Reserve's success in reducing and stabilizing inflation and inflation exp... BEN BERNANKE The greatest single cause of the fiscal surplus of the 1990s was the stock market bubble, which led ... BEN BERNANKE The most recent evidence ... suggests that the economic expansion remains on track. BEN BERNANKE the policies and policy strategies established during the Greenspan years. BEN BERNANKE Reconstruction is going to add jobs and growth to the economy, BEN BERNANKE These inflation effects should fade even if energy prices remain elevated, so long as monetary polic... BEN BERNANKE a forecast about the future evolution of policy, not an unconditional commitment. BEN BERNANKE There is enormous demand for dollar denominated assets so I don't expect that this demand would drop... BEN BERNANKE Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the ... BEN BERNANKE Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee (FOMC) would ... BEN BERNANKE The amount of currency in circulation is not changing. The money supply is not changing in any signi... BEN BERNANKE It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many ci... BEN BERNANKE I and others were mistaken early on in saying that the subprime crisis would be contained. The causa... BEN BERNANKE Fostering transparency and accountability at the Federal Reserve was one of my principal objectives ... BEN BERNANKE The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank... BEN BERNANKE Remember that physical beauty is evolution's way of assuring us that the other person doesn'... BEN BERNANKE Achieving price stability is not only important in itself, it is also central to attaining the Feder... BEN BERNANKE When historical relationships are taken into account, it is difficult to ascribe the house price bub... BEN BERNANKE I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonst... 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BEN BERNANKE The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on b... BEN BERNANKE The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would no... BEN BERNANKE Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was qu... BEN BERNANKE The Federal Reserve cannot solve all the economy's problems on its own. BEN BERNANKE As we try to make the financial system safer, we must inevitably confront the problem of moral hazar... BEN BERNANKE Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other... BEN BERNANKE Given the extent of the exposures of major banks around the world to A.I.G., and in light of the ext... BEN BERNANKE Of course, economic forecasts must be revised when new information arrives and are thus necessarily ... BEN BERNANKE A gold standard doesn't imply stability in the prices of the goods and services that people buy ... BEN BERNANKE I came home from school one day, and there was a phone call for me. And I picked up the phone. They ... BEN BERNANKE In many spheres of human endeavor, from science to business to education to economic policy, good de... BEN BERNANKE Since World War II, inflation - the apparently inexorable rise in the prices of goods and services -... BEN BERNANKE Economics has many substantive areas of knowledge where there is agreement, but also contains areas ... BEN BERNANKE The more guidance a central bank can provide the public about how policy is likely to evolve the gre... BEN BERNANKE The actions taken by central banks and other authorities to stabilize a panic in the short run can w... BEN BERNANKE Honest error in the face of complex and possibly intractable problems is a far more important source... BEN BERNANKE Identity theft is a serious crime that affects millions of Americans each year. BEN BERNANKE Uncertainty is seen to retard investment independently of considerations of risk or expected return. BEN BERNANKE A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. BEN BERNANKE The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock ... BEN BERNANKE Monetary policy is most effective when it is coherent, consistent and predictable as possible, while... BEN BERNANKE I think it's generally a bad idea for the Fed to be the arbiter of asset prices. The Fed doesn't rea... BEN BERNANKE Neighborhoods and communities are complex organisms that will be resilient only if they are healthy ... BEN BERNANKE One might as well try to perform brain surgery with a sledgehammer. BEN BERNANKE Community development has a long history of innovation and learning from experience. BEN BERNANKE Our understanding of the best practice in monetary policy evolved during Alan Greenspan's tenure at ... BEN BERNANKE Although I expect policy to follow the usual gradualist pattern, the pace of tightening will of nece... BEN BERNANKE I think policy is currently quite accommodative. I think it can remain quite accommodative for a whi... BEN BERNANKE Even if the economy recovers smartly for the rest of this year and the next, the ongoing slack in th... BEN BERNANKE It's been a resilient economy, it's responded well and job creation has proceeded apace. BEN BERNANKE As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps... BEN BERNANKE To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and c... BEN BERNANKE The role of liquidity in systemic events provides yet another reason why, in the future, a more syst... BEN BERNANKE Preventing liquidation of an unbalanced market will leave you in tears. BEN BERNANKE The Libor system is structurally flawed. It is a major problem for our financial system and for the ... BEN BERNANKE I come from Main Street, from a small town that's really depressed. BEN BERNANKE Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary ... BEN BERNANKE The economist John Maynard Keynes said that in the long run, we are all dead. If he were around toda... BEN BERNANKE After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold val... BEN BERNANKE The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy... BEN BERNANKE Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out p... BEN BERNANKE The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing ... BEN BERNANKE The best solution to income inequality is providing a high-quality education for everybody. In our h... BEN BERNANKE The biggest downside of my current job is that I have to wear a suit to work. Wearing uncomfortable ... BEN BERNANKE The movement toward a holistic approach to community development has been long in the making, but th... BEN BERNANKE The U.S. government has a technology, called a printing press (or, today, its electronic equivalent)... BEN BERNANKE It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher c... BEN BERNANKE This step would in no way reduce the importance of maximum employment as a policy goal, ... In any c... BEN BERNANKE In all likelihood, a significant amount of time will be required to restore the nearly eight and a h... BEN BERNANKE When the economic well-being of their nation demanded a strong and creative response, my colleagues ... BEN BERNANKE In fact, the world needs more nerds. BEN BERNANKE There is a deficit; I'd like to see it lowered. But it's up to Congress to decide whether that shoul... BEN BERNANKE I think at this point in time that the inverted yield curve is not signaling a slowdown. BEN BERNANKE When prices are stable, people can hold money for transactions and other purposes without having to ... BEN BERNANKE The public has shown confidence that any increases in inflation will be temporary and that, in the l... BEN BERNANKE Some influential voices of the time argued that by accepting higher inflation, policy-makers could b... BEN BERNANKE In any case, the Federal Reserve will continue to monitor this sector closely. BEN BERNANKE According to government ethics rules ... it is permissible for a retired (Fed) governor to speak in ... BEN BERNANKE In these circumstances, the FOMC judged that some further firming of monetary policy may be necessar... BEN BERNANKE Achieving price stability is not only important in itself, it is also central to attaining the Feder... BEN BERNANKE I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk econom... BEN BERNANKE I think policy is currently quite accommodative. I think it can remain quite accommodative for a whi... BEN BERNANKE I am confident that we will meet whatever challenges the future may bring. BEN BERNANKE Our mission as set forth by the Congress is a critical one. BEN BERNANKE The economy is much more energy efficient today than it was in the 1970s when energy shocks contribu... BEN BERNANKE If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will... BEN BERNANKE I will maintain the focus on long-term price stability as monetary policy's greatest contribution to... BEN BERNANKE I assure this committee that, if I am confirmed, I will be strictly independent of all political inf... BEN BERNANKE Monetary policy is not a panacea. BEN BERNANKE At this point, a leveling out or a modest softening of housing activity seems more likely than a sha... BEN BERNANKE These are issues that we are going to have to address, because they are significant. BEN BERNANKE There are various estimates about the third quarter impact, ... Our CEA (Council of Economic Adviser... BEN BERNANKE There appears to be some possibility that the recent trend toward disinflation will continue, primar... BEN BERNANKE Quantitatively, outsourcing abroad simply cannot account for much of the recent weakness in the U.S.... BEN BERNANKE This step would in no way reduce the importance of maximum employment as a policy goal. In any case,... BEN BERNANKE If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will... BEN BERNANKE Economic management involves the operation of economic frameworks in real time - for example, in the... BEN BERNANKE The bottom line for policy appears ambiguous. BEN BERNANKE In the future, financial firms of any type whose failure would pose a systemic risk must accept espe... BEN BERNANKE Stronger regulation and supervision aimed at problems with underwriting practices and lenders' r... BEN BERNANKE History proves... that a smart central bank can protect the economy and the financial sector from th... BEN BERNANKE If two people always agree, one of them is redundant. BEN BERNANKE It's the price of success: people start to think you're omnipotent. BEN BERNANKE China is growing very quickly and is clearly becoming an important player in the world economy. BEN BERNANKE In the tradition of national income accounting, economic policymakers have typically focused on vari... BEN BERNANKE Income inequality is troubling because, among other things, it means that many people in our society... BEN BERNANKE If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would ... BEN BERNANKE Consumers going through foreclosure typically will see their credit scores drop, raising longer-term... BEN BERNANKE The central bank needs to be able to make policy without short term political concerns. BEN BERNANKE Certainly, 9 percent unemployment and very slow growth is not a good situation. BEN BERNANKE Only a strong economy can create higher asset values and sustainably good returns for savers. BEN BERNANKE Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the ... BEN S. BERNANKE If I am confirmed to this position, my first priority will be to maintain consistency and continuity... BEN S. BERNANKE I assure this committee that, if I am confirmed, I will be strictly independent of all political inf... BEN S. BERNANKE The destruction wrought by Katrina and Rita may reduce growth somewhat in the short run, but the lon... BEN S. BERNANKE The greatest single cause of the fiscal surplus of the 1990s was the stock market bubble, which led ... BEN S. BERNANKE I see inflation as remaining well-contained going forward. BEN S. BERNANKE There is enormous demand for dollar denominated assets so I don't expect that this demand would drop... BEN S. BERNANKE Middle-income living standards, and poverty for that matter, are best addressed through employment g... BEN S. BERNANKE Those high oil prices are a burden on U.S. families, on firms' production costs. But the good news i... BEN S. BERNANKE My first priority will be to maintain continuing with the policy and policy strategies under the Gre... BEN S. BERNANKE Intelligent people tend to talk about the facts. They don't sit around and call each other names... BEN CARSON If we plant the right seeds, tomorrow will be better. If you put out good things, then you'll ge... BEN VEREEN You have the ability to choose which way you want to go. You have to believe great things are going ... BEN CARSON I mean, there's a sense wherein you skip a part of childhood, too, when you start working at tha... BEN MENDELSOHN I basically sat around unemployed in Sydney for three years straight, and the two things that saved ... BEN MENDELSOHN The way that actors talk about acting is generally quite punishing, and I think actors want to put f... BEN MENDELSOHN My favorite-ever version of 'King Lear' is the 1971 film by Peter Brooks. He has this enormo... BEN MENDELSOHN I think some of my favorite Australian films were shot by people that are not Australian. And I thin... BEN MENDELSOHN Fassbender is fearless; he's a fearless actor. BEN MENDELSOHN Typically, I'll wake up at 4:30 in the morning. It's just the continual jet lag residue, jus... BEN MENDELSOHN I had a pretty good career at home. What keeps you going is not having a plan B. It's a very goo... BEN MENDELSOHN 'Star Wars' is populated by so many great types; who wouldn't want to be a Han Solo kind... BEN MENDELSOHN The thing about home is that it's a tough place to sustain a career, just by dent of the size of... BEN MENDELSOHN I never felt like someone who was boyish and coming to terms with asking girls out or anything like ... BEN MENDELSOHN I remember 'The Yearling' was the first film I ever saw, and my mom told me I cried for abou... BEN MENDELSOHN The people I've encountered who are really dangerous in my life don't go around with their f... BEN MENDELSOHN Before 'Animal Kingdom,' I wasn't particularly thought of in villainous roles. BEN MENDELSOHN I like to call up ghosts of things past for myself when I'm working a lot. BEN MENDELSOHN 'Animal Kingdom' is a significant comet, and it's cast a tail. It's very hard to see... BEN MENDELSOHN 'Animal Kingdom' is a lot of things, but it's not heartwarming. 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BEN MARCUS Obama wants to raise the issue of immigration reform so that he can demonize Republicans as anti-His... BEN SHAPIRO President Obama has only had two major policy victories during his tenure: the stimulus package and ... BEN SHAPIRO