Brain Trust: Craig Smith of SwissAmerica.com

Does the Egypt uprising affect the average person's pocketbook?

Well obviously the immediate impact will be the increased price of oil.

Yeah, there is an immediate impact, it all depends on what happens at the Suez canal.

So it won't be the end of the world, Matt, but it will have an affect on price.

I'm also concerned about what effect this will have on world markets.

So, yes, there's some impact. I think what Egypt demonstrates to us is the totally incoherent foreign policy coming out of Washington DC.

Does the U.S.'s silence on Egypt impact the world financially?

Oh yeah, there's a tremendous impact financially, Matt, because the dollar revolves around a confidence factor.

We can not expect the world to have alliances when we abandon them in situations like in Egypt.

Could America have a people's uprising like Egypt?

The American people are reasonable people, they're sensible people...we know that the legislative process we have in America is designed around responsibility and peaceful exchange of power.

I don't think we're going to go the way the rest of the world has gone, unless our leaders take us that way.

I think this President is in over his head...quite frankly I don't think this man knows how to make a decision, because he's voted present all his life.

(Obama's) the leader of the free world, so he has to make some very difficult decisions now.

Leaders that make difficult decisions are never popular people, but they are people who lead the world into relative balance.

I think we have to be very concerned - Wall Street is doing well right now, but Main Street isn't.

Do markets watch rulings like the one in Florida?

Yes. That's why when the ruling was issued yesterday I told my people that stocks would rise today.

That's the problem with our economy. We're on the mend...but America is uncertain of the future, because we don't know where this administration will go next.

Until we know we have some certainty out of the White House, we won't make those bets. Now we have that after the decision yesterday.

Should we be scared about a crash?

I think the fundamentals that are propelling the current rally..are very tenuous.

I think it can last if we address..jobs and spending in Washington D.C.

If we show the world we are very serious about getting our house in order, the rally will last.

Too late for Obama's desired "Sputnik" moment?

You're right. We can't unless we're willing to borrow the money.

It's very difficult to send men into outer space to pursue the future when we're paying...welfare, Medicare and Social Security benefits to people.