other of playing politics. stephen moore, a good friend of the show, editorial writer with the "wall street journal." this week, as expected, president obama's jobs plan failed to pass the senate with an election in 2012, just over a year away, are we looking at another major overhaul in congress and perhaps the white house? are we looking at a situation when voters might say throw all the bums out? >> yeah, we are. i've been looking at these numbers. you have, too. i've never seen incumbents in washington so unpopular, even more unpopular than in 1994 when we had a big election and threw the bums out. this is not a good time to be an incumbent, republican or democrat. some of the political pros i'm talking to are thinking maybe 100 incumbents in the house could lose, which would be a near record. >> for conservatives like you, fiscal conservatives like you, what is the best strategic way to achieve your goals given everybody is mad at everybody right now. >> look, i do think it starts with the president. i don't think this plan that he put forward is a serious jobs plan. to increase tax rates would actually hurt the economy. republicans were never going to go for a big new spending plan. i don't think the president put this out there as something he thought would pass but rather as a political document. i do think there's still a chance, ali that there might be something that passes in the next few weeks, part of the payroll tax cut that the president wants, some infrastructure spending but much scaled back. i don't know if it's going to do much to stop the real slide in the economy that continues to seem worse. >> you're optimistic in the next six weeks they are also going to have to deal with the super committee. >> let me say one quick thing. at least we did have a bipartisan triumph this week. that was these trade deals passed. i'm a big fan of those. i think they will create jobs. those were three trade deals with countries like korea and panama. we had a president for it and republicans and congress for it. sometimes bipartisanship happens. >> all right. stay right there. chrystia freeland editor of reuters. speaker of the house john boehner says he's disappointed in president obama. >> i can't tell you how dangerous our situation our economy is in, how dangerous the situation in europe is. yet the president some 14 months before the election throws in the towel and decides he's going to spend all this time out campaigning. >> if you recall, chrystia, during the debt ceiling debate, the president was saying the same thing of congress. i'm here, why don't you come back and deal with this problem. what do you make of this? >> there is a certain pot calling the kettle black here, right? isn't there, ali? i'm disappointed in everyone in washington now. i do think boehner is right on one thing, now is a moment when america needs very decisive leadership. the world needs it. i think sometimes when we look at what's happening, fragility of the u.s. economy, what's happening in europe, it's easy to throw up your hands and say disaster is inevitable. it's not. good policy right now could save the world. i share the disappointment but i think boehner is equally to plame. >> you make a very good point our next guest has written about david gergen, senior political analyst. i'm paraphrasing your words but you have said this isn't like a hurricane, this is a public policy matter. these are things that can be undone. trust in government -- chrystia is mad at everybody. trusting government. look at the numbers, when are the politicians in washington realize the same old way of doing business is not what americans want, they want a change of course specifically to the point you've written about, david. the power is in the hands of americans to change course. >> it certainly is, ali. if you go to a variety of communities in this country you see a variety of things happening. i was just in new orleans a few months ago. that's turned itself around since katrina, had a near death experience, politics are better, business community investing, schools, huge turnaround in the schools. that can happen in some communities. the mystery is why it's not happening in washington. so far it's just been a lack of will. i do think you have to keep throwing the bums out in order to get the message done. i don't see any other way the public can succeed bringing better judgment to washington. >> how do you do that, david, effectively. what happened in 2008 people frustrated by what they felt was big government, attracted to a fiscally conservative campaign run in some cases by tea party but other fiscal conservatives elect add congress that got as little done as the congress before that. so literally do you just keep throwing the bums out until you get a group that gets something done? >> i don't see that the public has much -- there are many other opportunities available to the public. some givers could do what the ceo of starbucks has done, declare a boycott on giving any more money to politicians, he's got over 100 ceos to agree on that. that can make a difference. politicians pay attention to that. the critical thing, ali, right now, is the campaign for 2012 has started way too early. both sides have done this. republicans were out there first. there was a time, as you recall, mitch mcconnell said, our most important objective over the next two years is to bring down this president. that was a campaign statement early, early, early after the 2010 elections. now the president has gone on the road almost full time. he's no longer governing. what he needs to do is actually restart negotiations both on jobs, because the republicans have shown, as steven just said, on some issues on trade they were the ones that put the votes out there. over 80% of votes against trade agreements the president pushing for job purposes, 80% against came from house democrats. republicans won that. republicans prepared to sit down with the president on some issues and try to negotiate this out. ali, we've lost sight of this deficit group. where are they? >> that's a good discussion we're about to discuss, actually. hold on. there may be another road. it may involve this anger that we're seeing. the economy has got people angry. it's got people scared. both parties go out there and say they feel your pain but which is a side that can turn that anger into votes in november in that might be our third road. we'll take a look next on "your $$$$$." all of you stay there. chloe is 9 months old. she is the greatest thing ever. one little smile, one little laugh. honey bunny. 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[ male announcer ] e-trade. investing unleashed. the occupy wall street movement has the attention of half the country. orc national caravan poll found the country almost directly split on whether they had heard of the protest or not. what about if you agree with the movement. 27% said yes. 19% said no. 54% were not sure. not surprising since the goals of the occupy wall street movement remain relatively unclear and unfocused. so david, i want to ask you, tea party anger eventually translated into an organized movement capable of getting many candidates elected and directing much of the conversation that we're talking about right now. is either party, but one would assume particularly the democrats, looking at this occupy wall street movement as something they can harness and turn into votes? >> sure. as the president has made it clear he's very sympathetic with many of the sentiments he's hearing out of there, even the goals themselves are not clear, this could be a tea party of the left, a progressive tea party, if you would like. it does bear some similarities to what we saw from the tea party springing up from the grassroots. so far it's inchoate. it hasn't come together in such a way you can say herer the top three things they believe in. it could grow. let's have some cold weather here and see how many people are willing to stick it out. we'll have a much better sense -- >> they pushed back on the idea they should have a list of three things they stand for. stephen you've written this could bite the democrats? >> it could. i was out there in new york about a week ago and i was at the protest at freedom park in washington this week. a lot of the messages just don't -- aren't going to be comfortable to kind of mainstream middle class, independent voters. >> which -- >> for example, this chant of "down with free enterprise." who believes free enterprise is the problem with america? i do think there's a problem that it becomes so radical, and the message is so off target, it could actually turn off voters watching this on tv and say, wait a minute, who are these people. >> chrystia, what's your analysis of this? you've been watching it unfold. >> i do agree with david. this has a lot in common with the tea party. both movements, which are i think are both very important, are tapping into extremely justified populist anger with where the economy is. i disagree with stephen. i don't think occupy wall street is at its heart particularly radical. i think it is a sort of a progressive version of the tea party. what i think is missing there is a clear notion. i think there's a shared anger, a view this economy isn't working. the strength of the tea party was they immediately had a view on how to you fix it, make government smaller, get government out of the way. the occupy wall street guys have almost exactly the same complaints and there is a similar sort of anti-elitist vibe in both movements. but the occupy wall street group doesn't really know what the magic bullet is. i do think that makes it harder for democrats to harness and harder for the movement to have such a direct political impact. >> chrystia, also the message is kind of contradictory. on the one hand they say down with wall street, down with businesses, down with profit, down with corporations, then they say we want jobs. where do they think jobs come from? >> these movements are always internally contradictory. you can say the same thing to the tea party, get your government off my medicare. both movements are very real. we should not ignore them, have a hoity toity view of this is populist, so they don't have an absolutely clear philosophy, because they are right of the truth is the u.s. economy is not working for the american middle class. >> that's for sure. >> we should listen to people saying that. it's the job of the politicians, actually, to formulate a clear policy. >> david. >> i just wanted to add, i do think it has potential. it hasn't yet come together. but the unemployment rate among young people in this country is so high, so much higher than the rest of the cup, if the young people were to come together and have a demand for jobs, without a particular agenda to go behind it, it could be like the anti-war movement that didn't have a timetable for getting out of vietnam but knew what it wanted. that was to end the war. if young people were to come together, they could become a potent force and could turn out in large numbers as they did in 2008 for barack obama and made a big difference in the election. that's where i think the potential is. it's amazing to me that the political class is not paying more attention to the young and not doing more to create jobs for the young. this is an idealistic generation that could get turned off and soured on america if we don't respond. >> although the good news, david, there are young people involved in this protest who you will often hear are disengaged and not involved in the political process. however you like how they are doing it, they are getting involved. there is a distinction drawn here, stephen. they are calling themselves the 99% as opposed to the 1% that control the wealth in this country. it is really drawing class lines. that could be cause for alarm. >> what's dangerous about the movement -- by the way, this started with warren buffett and president obama saying the rich aren't paying their fair share. we have to raise taxes on the rich. looks i'm not here to defend rich people, but i think it is important to understand that those people in the top 1%, 5%, 10% are the preponderance of the employers in the country, sign the front end of the paycheck not back end of the paycheck. the idea we can somehow steal from the rich and we're going to make the economy better off. that ain't going to work and it's never worked before. as john f. kennedy and ronald reagan said we need a rising tide that helps all boats. >> editor with respect journal, david gergen, senior political analyst at cnn and chrystia freeland, editor at thomson reuters digital. the short-term financial future of the united states could be decided in the next month by 12 politicians in washington. i'll explain when we come back. people have all kinds of retirement questions. no problem. td ameritrade has all kinds of answers. call us for quick help opening your new ira. or an in-depth talk with a retirement expert. like me. stop by my branch for a free retirement check-up. retirement hows and how-muches? whens... and what-ifs? bring 'em on. it's free. you're gonna retire. and we're gonna help. retirement answers at td ameritrade. roll over your old 401(k) and get up to $500. i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. the clock is ticking for the super committee, the goal for six democrats and six republicans on the hill reduce our nation's deficit by at least $1.2 trillion over the next 10 years. a resident scholar at american enterprise institute. norm, good to see you here. the committee's plan due in november, about thanksgiving, then until december to vote on it. do you think their influence goes far beyond cutting the deficit. you recently wrote the super committee may have the fate of the world in its hands. you wrote they have an unprecedented chance to do something remarkable. norm, what are you talking about? >> well, let's hope they don't produce a turkey by thanksgiving, ali. the fact is we've got very few weapons at our disposal to try and jump-start not just our economy but the global economy. we have almost no opportunities left to do the kind of grand bargain every bipartisan group, simpson bowles, the gang of six came up with. $4 trillion over next years tax reform, revenues, deal with major health entitlements and the rest of spending. this is our last chance. i believe if the super committee is able to do that, it would create a psychological shock wave that could actually have an extraordinarily positive impact on that portion of the economic trouble that is psychological, call it 20 or 30% because nobody expect it to happen. if they don't do it, they will get the $1.2 trillion, which will be harder and we're back to everybody believes we can't solve the problems. nobody will spend. >> you're saying the surprise will be nice. kind of believe nothing will happen. co-chairman of the super committee democratic senator patty murray seems to understand what you're talking about. >> the public is watching us very closely to say if we can show this country that this democracy can work. i carry that weight on my shoulders and so did every member of the committee. >> bring a cnn writer at cnn money. jean, it may be more serious than norm is put it. maybe we're not going to get $4 trillion in cuts but if we don't get the $1.2 trillion, let's not forget this triggers a series of across the board cuts that could be substantially more dangerous. >> they are across the board cuts that nobody is supposed it have, defense domestic discretionary that's something for republicans and democrats to hate. people say congress may, in fact, modify or repeal the trigger because -- >> it's too dangerous. >> it's too dangerous. and too politically unpopular. but the problem is, you know, it's not just the public that's looking at, you know, this committee to see if they can show the congress can work it's the credit rating agencies as well. the summer after the ceiling debate, they gave us fair warning, look, if this process fails, this is going to negatively affect your rating. s&p already downgraded us, moody's put us on a negative outlook. >> isn't that threat empty because after being downgraded the first time the cost of borrowing in the united states went lower, cost of united states borrowing money is still lower, when you look around the rest of the world it's still a safer bet than europe. >> that may continue for a while. one thing you don't want is add more instability to the market. one thing the market may have done is contribute to the volatility in the market, which nobody likes. so it's one more thing that we don't actually need. it may not stop the world if they do downgrade us but it's a negative factor. >> norm, in roll call in september you wrote the failure to act in the strong bold way you're talking about right now could actually risk a depression. we've already got some people thinking woodall rodgers in double dip or headed for a second part, you think the failure to act could be substantially more serious than the status quo. >> i'm really worried about europe. i think it goes well beyond greece. my colleague desmond lock machms been spot on in his predictions. there's so many parallel to the early '30s it's chilling. i'm looking at the super committee as object -- obi wan kanobi. sometimes well beyond the 11th hour we hope. keep thanksgiving free we'll be here talking about it. thanks to both of you. herman cain says his 9-9-9 plan can simplify the tax code and still produce enough revenue. is it true? 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he asked, why leave a room empty? the additional revenue easily covers operating costs. 65 dollars is better than no dollars. okay. $65 for tonight. you can't argue with a big deal. we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. people have all kinds of retirement questions. no problem. td ameritrade has all kinds of answers. call us for quick help opening your new ira. or an in-depth talk with a retirement expert. like me. stop by my branch for a free retirement check-up. retirement hows and how-muches? whens... and what-ifs? bring 'em on. it's free. you're gonna retire. and we're gonna help. retirement answers at td ameritrade. roll over your old 401(k) and get up to $500. herman cain says he can simplify the tax code. mitt romney says we have to cut government spending. how much of what the two candidates are saying is actually true. cnn tom foreman with a fact check. >> ali, every politician in washington is talking about the economy and jobs and what they can do about it. one of the plans getting the most attention right now is herman cain's 9-9-9 plan, which he says will replace all the revenue we're currently taking in with a massive revamping of the tax code. listen -- >> it will replace the corporate income tax, personal income tax, capital income tax, death tax and most importantly the payroll tax. >> but is that true, his idea the 9-9-9 plan will do all this. there are some very clear skeptics out there among economic analysts. people who look at this and say this idea of 9% corporate tax, 9% personal tax and 9% sales tax may not add up to what we think it will. partly because it's unclear what will be covered by sales tax, what exemptions might be depending on your spending. spending habits may change if we put a tax on everything we buy. how much do we know how much we're spending then, how much revenue will we get. corporate tax calculations can be fuzzy under this plan. so we have to give it a ranking with true but incomplete with emphasis on incomplete. no one in washington has yet been able to totally pin down what this plan would mean. moving on mitt romney had interesting things to say about this, particularly the idea as the committee tries to balance the budget and figure out what to do about the budget, they should be looking at the idea of less government spending. listen. >> the american people want to see growth and jobs and believe the right way to do it is by cutting back on the scale of government and they are right. >> is this true that americans, in fact, want less government spending? yeah, 57% of one of our recent polls say we need major cuts to domestic spending. what they didn't say is 63% say we need higher taxes on wealthy americans and businesses. by leaving that out, he also falls into the category of true but incomplete. i'm sure we'll hear a lot more from every camp as the campaign goes on. ali? >> all right. thanks, tom. in addition to criticisms of his economic plan, mitt romney has had trouble gaining support among the tea party. cnn contributors dana an organizer with the tea party. dana, looking at some of your tweets here, just to get a flavor of where you come from when it comes to mitt romney. i was against him last election, this election, i will be songs he's unrepented rino, republican in name only. it goes on. what's your problem with mitt romney polling most days higher than anyone else in the republican race. >> he and herman cain are neck and neck in a lot of polls, cain came out on top in the recent poll in south carolina. last i was weighing which is better romney care or fine gold, feingold for the immediacy is worth. that's not a factor. but romney his record is what i have a problem w he's not a conservative. he's not a conservative candidate. i really do pressure the people who try to insist he is. look at his record governor of massachusetts p, 47 out of 50 states with job creation. it's still a socialist health care plan at the state lechl. socialism at any level is socialism. he tries to use federalism. >> let's bring in herman cain's nephew, william cain. >> that's my uncle and job. he's not herman cain's nephew but will cain is a cnn contributor. will, he's giving mitt romney a run for his money but mitt romney is still most republicans choice for the most part. >> i have to say dana is not alone in his feelings about mitt romney. there's a complete lack of enthusiasm. you can see it in the polls. while rick perry and michele bachmann have rise and falls, virtually none of that support flows over to mitt romney. there's a sense of resignation to mitt romney. support is designed to go to mitt romney at some point. the reason for this is a complete failure a complete lack of viable alternatives. a failure to find alternatives to mitt romney. mitt romney stinks of crony capitalism, pay to play. michele bachmann shows a complete ignorance of conservative concepts like federalism, declaring mitt romney's health care mandate unconstitutional or free market saying she can give $2 gasoline. i think what you see with mitt romney, there's a sense of inevitability, it will end p being him. >> dana, what do you think of herman cain's ascendence lately. >> my only problem is his lack of foreign policy. he should be tested on that. if he's the nominee he should pick someone with a strong foreign policy record. he's got on politics, the economy. i have concern about 9-9-9 plan, possible sales tax and value added tax like we see in europe. other than that, he's better than in my opinion what we have in the white house right now. so i don't think that -- he seems like a good candidate but we still have a long way to go and there's still a lot of vetting to be done. >> i feel the same way about herman cain. he's an attractive candidate. his biography alone is compelling. 9-9-9 has substantive problems. for conservatives like dana who oppose mitt romney, i say this with all due respect, you have to ask yourself are you taking a position of occupy wall street. i'm going to complain about mitt romney but what will i do in will you vote for obama if mitt romney is the candidate? what will you do. >> good question. >> i'm so glad will brought that up. i have respect for will, by the way. winning congress, house and senate is so underappreciated. >> i agree. >> i sort of look at it like this. if we have another president -- another term of obama. if conservatives take over the senate and maintain control of the house, that's going to pretty much circumvent anything radical he would try to do. if you have someone like mitt romney who gets re-elected and you have a strong conservative presence in the senate and house of representatives, they are going to do kind of the same thing and circumvent anything mitt romney will do. the problem is, is the republican party selling out its soul. there's a time have you to ask yourself when is compromising over and over again too much when the party becomes indistinguishable from the other party. >> that's philosophical would you rather have republican congress with obama as president or republican congress with romney as president. i think the second alternative certainly sounds better. >> i think any generic republican candidate to echo some of the polling, when they do not bother naming the republican candidate is beating obama in the polls. i think any republican candidate would do at this point. i think i'm not ready to say mitt romney is going to be the nominee. rick perry -- >> why because we're 13 months away from election, you're wise. everyone else is treating this thing like it's going to be decided in the next month. >> everyone is ready to crown mitt romney. i don't understand the rush to immediate look at him as the nominee for the republican party. in terms of fund-raising, sure, rick perry has problems. i haven't decided on a candidate and i have criticisms of every single one of them. but he fundraises mitt romney, he raises $3 to $4 million. >> he did some stuff on friday to put some new energy into his campaign putting out an energy policy. we have lots to go to talk about that. thanks for being with us. you should follow dana on her twitter. interesting stuff. >> will cain, pretty simple. >> what's yours? >> d lash. >> follow these two. good stuff. >> loesch. very good. make sure to tune in october 18th, tuesday 8:00 p.m. eastern for cnn western republican presidential debate, las vegas, anderson cooper will moderate. i've got a question. if a foreign student gets a degree in the united states in science or technology or engineer or math, should they be allowed to stay here and use that education to start a business? would that actually create jobs here in the united states? don't answer. don't answer. think about it for a second. we're going to take a break, pay the bills and talk about it on the other side. luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. ♪ that's good morning, veggie style. hmmm [ male announcer ] for half the calories -- plus veggie nutrition. could've had a v8. plus veggie nutrition. ♪ more and more folks are trying out snapshot from progressive. a totally different way to save on car insurance. the better you drive, the more you can save. no wonder snapshot's catching on. plug into the savings you deserve, with snapshot from progressive. question. welcome back to "your $$$$$." the president's council on jobs and competitive addressed immigration reform. it concluded highly skilled immigrants create jobs, they don't take jobs. in a competitive, interdependent 21st century economy we must attract these entrepreneurs to the united states. christine romans, richard quest, ron harrah, soesh professor of public policy at the rochester institute of technology, co-author of the book "outsourcing america." either start with you christine, what do companies want? >> they want to be able, according to this particular report, venturing into the sticky area of reform, highly skilled workers. they want more visas to bring them in from other countries to do highly skilled jobs. they want automotive work permits from any foreign student who graduates from an american university with a degree of science, technology, engineering and math. all of this has been discussed many, many times. lots of programs in place, including one anybody wants to invest, entrepreneur wants to invest million dollars can come to the country to do that. a lot of work permits and the like. this comes at a time with 14 million unemployed in the country and 7% underemployment. clearly will be charged, no question. >> bill gates thinks there's a shortage. this is what he said before the house committee on science and technology. this in spring of 2008 before the recession but may hold true. although our top universities continue to rank among the world's best, too few american students are pursuing degrees in science and technology. ron, you do not agree. you do not think there's a shortage of science, technology, engineering talent in this country. why not? >> well, we have a lot of evidence to show that we actually have too many science and engineering workers chasing too few jobs. in fact, the unemployment rates for computer occupations, computer professionals and engineers are two to three times the rate we would expect at a normal full employment level for them. in 2010 we had an average of 300,000 engineers and computer professionals who were unemployed seeking jobs. just to point out microsoft has been in the process of laying off 5,000 workers. it's hard to believe there's a shortage. cisco laid off 6500, ibm downsized its american workforce by 35,000 over the last few years. hewlett-packa hewlett-packard, 35,000. we have to separate, we've been in a recession. everybody in the country laying things off. a larger perspective, global perspective attracting talent assuming you're in a recession. companies have to plan for days when times are good and competing for worker around the world. what's your take on this? >> that is exactly the point. lord help me i'm agreeing with ali velshi. the truth of the matter, you don't make public policy for just one year or two years. if we look at highly qualified visas, the cap on there year after year after year industry in the u.s. has butted against that cap and demanded more highly qualified visas. this year they are not going to. they haven't even reached the cap yet. they are okay this year. the stem visas for education, that's the interesting one. the fear here is that with every diploma you give you hand out some sort of green card visa. if that happens although the prestigious universities will be doing it in an honest bona fide way, this could be a back doorway to wholesale i won't say fraud but wholesale blurring of the rules in the united states. >> ron, you brought that point up. if you're going to do something like this, whether you agree or not, there has to be safety checks in place, so you don't give birth to schools to get people visas. >> that's a very important point. i think another important point is to separate h 1 b guest worker, temporary visa versus green card. i favor increasing green cards, but i don't think at least the proposals that have been on the table stapling green card to every advanced agree in stem is a good way. i think we should bring highly talented professionals in things like broadcast journalism as well and offer them green cards. i think we have to be careful about disentangling temporary guest worker visas versus green card. it has been fitted outsourcing forms. major outsourcesers are the biggest user of the program and literally led to the dem eyes of tens if not hundreds of thousands of american jobs. >> richard, why are you getting uncomfortable about that. >> the theory is perfect but practice is anything but. anybody looking outside looking for that sort of thing, that sort of diploma, looking to go to the united states frankly has an eye on the green card. that's what they want ultimately. they are not doing it short-term with a view of a year or two. >> leave it there. lots to talk about. an important issue we'll talk about many times. ron hira, co-author of "outsourcing america." christine and richard stick around. more to talk about. more and more banks hiking fees using debit cards for purchases. before you get angry step back. do they have a right to charge you for that service? we'll talk about it next on "your $$$$$." 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>> the fact is, you can't put the gene any back in the bottle. all you can do is come up with a series of rules to make the genie behave better. high frequency trading, if you listen to the market make terse, they say it is a great thing, did gives liquidity and allows the market to function and exposes weaknesses. it is a menace and a nuisance. it needs to be properly regulated. >> you have heard about massive trading operations that move their server farms close to exchanges or other people's server farms to save a fraction of a second in being able to get a price advantage in a trade have the christine? we can't compete with that. regular people can't compete with that. >> you even say they hold on to trades for mere seconds. that's a buy and hold strategy for some programs. they are selling them like this and buying them back and doing really complicated, multicross platform trades. a lot of people go back and are trying to analyze what kind of choic choices is the computer making. >> it takes this whole concept of buying something for value out of the equation. >> it is meant to find and exploit inconsistencies or strange sfre strange spreads. i figure it can trigger reactions from other programs that can exacerbate the volatility in the market. a lot of us try to look at the market and rationalize it. >> when he this call us and say why is the dow down 500 points, it could be because a bunch of computers decided they were selling stocks. there was a pretty large reaction when several banks, like bank of america announced they would start charging customers a monthly fee for using debit cards. it was all pretty negative. the banks, why do they not have a right to charge a fee? why do i not have the right or obligation to say, i will go somewhere else. >> you absolutely have the right to go some place else. it is tone deaf they are doing this. they have every right to do it. their responsibility is for their shareholders. before you start tweeting me that i'm an evil love of capitalisms. there are not for profit credit unions and small banks that are paying you to deposit your money. i think the banks know that people don't walk, they don't walk enough in enough numbers fort bank to stop this. when we complain about gas, i have no idea what it is like for u. >> first of all, on christine's point. you are more likely to get divorced than to change your bank. the statistic has been around for decades that number. i have been with the same bank for 30 odd years. sometimes i loath it. to answer your point, in the uk, you don't get charged for using your debit card as a purchase. the major banks have ul pretty much agreed having used to charge each other the cash withdrawals. now, everybody gives free cash withdrawals within the banking system. all that has to happen is one has to break ranks and everybody else follows. paying to get your own money or spend your own money is offensive. >> you have agreed with us on a few things. something is very weird in the world. richard quest is the host of the tremendous show "quest means business." whenever you are traveling outside of the united states, catch that on cnn daily. christine romans, my co-anchor on "american morning" and the host of "your bottom line" on saturday mornings. the passing of steve jobs had many wondering where innovation in america has gone. i found it and i will tell you where it is happening next. luck? 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