CNBC's Steve Liesman reports a senior White House aide said the President has not made a decision on who should succeed the current Fed chairman, and likely would not until the fall.
Joe: Part of the decline in prosperity has to do with stupid money decisions made by people. Seriously, do you really need that $35k car? Or, that $800 phone? Or those $100 jeans? Or those $1500 rims on your POS car (lol)? Then, there's the people who haven't figured out birth control and end up pregnant for , when they barely make it on McDonald's wages with the kids they already have. Some of the situations people are in when it comes to a lack of money are based on personal decisions.