top ingredient in corn flakes. >> that's a very good point. you look at refrigerators, whirlpool, lg, are going to be raising prices, they have moved overseas, guess what prices are rising, it's also costing more to ship stuff halfway around the world. labor prices are going up from the quote, unquote cheap labor market. >> good to see both of you. a very animated discussion. it's the first time i have ever seen pete dominic play economist. >> it's politics. >> from politico pundits to economists, everyone including pete had something to say about president obama's budget. now it is my turn. i will reveal my open letter to president obama after this break. ring ring ring ring