Och unions muscling their way in. Rich edson on unions trying to block spending cuts and the fiscal cliff deal while making sure the rich pay more. Jeff flock with union back protests at Walmart Stores and diana on the dirty little secret those unions are not changing walmart workers. First to rich and some in washington, d. C. How unions trying to persuade democrats to avoid spending cuts . With a significant lobbying effort on capitol hill and a new Advertising Campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. Thbasic message is dont touch entitlements in the fiscal cliff tops were having on capitol hill. Honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economby investing in jobs, not cu. As for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. The fact that they are publicly saying what they have been privately saying helps the American People understand where obamas in trend and comes from but nothing has changed. The issue is in the fiscal cliff discussion democrats appear willing to put entitlements and spending on the table. Republicans saying theyre willing to do tax revenue and that could be would be the key to any agreement to avoid the fiscal cliff and get the countrys books back in order. Gerri you will be covering this for a long time. Thanks for that. This black friday walmart shoppers think protests, it is not a superstore workers on the picket line. Jeff flock joins us with more. Jeff a few of them but the majority were not walmart workers but members of other unions like the teamsters, the uaw, it was built today as a demonstration against the notion of working on thursday on thanksgiving. The day before black friday. But the protest when it came down to it wasnt so much about that. Was against walmarts practice of paying minimumwage, not giving workers enough money in their view and about work rules. That is what the actual protests came down to. It was organized by organizatio called our walmart, the shadow union for the nonunion walmart and wellorganized by united food and commercial Workers Union which is trying to organize at walmart. Take a look at what the company has to say, speaking for walmart was Vice President who said best black friday ever and our walmart organization was uble to recruit a small number of associates to participate in these madefortv events. I covered it out there today and if it was made for tv it was made particularly well. We stood out in the freezing cold and they didnt enter the store but stood outside a while. Gerri was jt you working in the cold. They left a long time ago. I should join a union and get out of that. Gerri good luck with that. My next guest says unions are trying to pull all over walmart workerss eyes. The former chief economist for the u. S. Labor Department Joins me, great to see you as always. You remain an interesting point, the people who would benefit from a unionized walmart are the unions themselves. How so . The union losses because the Pension Funds are dramatically underfund. With 33,000 workers that is funded at 55 . It means they only have 55 of the assets they need for current and future retirees. Look at the Northern California joint pension, 20,000 workers funded at 65 . They only have 60 of what they need. To fix this pension problem, new workers. Theyre trying to organize walmart. They want these walmart workers to pay contributions to the pension fund and they wont be getting it out for many years that which point gerri this points out what a prize walmart is. 1. 3 million workers, and it would be, a bailout for the unions. They are not concerned about walmart workers here. It is about their own obligations. You dont think theyre telling these walmart workers if they join the union if walmart becomes unionize these workers would buy into these pensions. Theyre not telling them that all. There saying join a save you will be better off but these workers would be better off with i r as and 401 k plans and pension they will get back rather than putting money into a failed pension. None of your listeners would put money into aension of 55 . Gerri jeff flock was on the ground looking at who was out there doing the protests and for how long. Look at the walmart protest. Across the u. S. Today, we had the impression this was going to the coast to coast and it wasnt that the end of the day. There were fewer people protesting. Most of them seemed to be union officials. This is what walmart had to say, less than 50 associates protested nationwide. Roughly the same number of associates missed their schedule shift that last year. What do you make of this . [talking over each other] what a big impact they are having, but did it turn out . People who were at walmart want these jobs, they like the jobs. They provide flexible hourr. People want parttime job because it gives more time for their families and if they didnt want these walmart jobs they would go look for work elsewhere. The percentage of americans who have union jobs is falling steadily. In january the Labor Department will announce the percentage of American Workers who belong to unions will have fallen from 12 to 11 . Percentage of privatesector workers will have reached another record low and it is because people dont want their contributions going to failed Pension Funds gerri what will look like next year . You do have this longterm trend of erosion in Union Membership especially in the private sector but we have got the Union Campaigner in chief in the white house and seems to me he is doing everything he can to encourage union mbership. Will we have higher membership rates next year . He is doing everything he can but union bosses be paving the way they are with hostess where 18,000 workers are going they dont want cakes and breads carried on the same truck and dont want drivers to be unloading the cakes and the bread. These union jobs are disappearing. Work government workers have a choice to belong to the union or not, their Union Membership has fallen dramatically in wisconsin, state and local government. Gerri what is the impact of the host the story . To me it seems a black eye for all kinds of unions, a variety of flavors and unions, the bakers union, they were the only group who could come to agreement with hostess and at the end of the day the company went out of business because of that. Going out of business and if you look at the Auto Companies that need bailout, the union once, chrysler and gm, it wasnt the ones in the south that were nonunion so the problem is unionmaking and union bosses are making these noncompetitive and it is hurting the workers they purport to represent. Gerri have a great weekend. Thank you. Still ahead of fiscal cliff mess just got messier. How president obama responded to John Boehners latest comments and Holiday Season rushes on. Would you spend your money . Wheres the best place to invest it . Buying Retail Stocks for losers next. Gerri it was black friday madness all across the country. This was macys at midnight in new york city. Other stores open really liked was r us and best buy, great deals like lc tvs which were 50 of. Overall sales on black friday are expected to be 4 to 11. 5 billion. Midnight Opening Hours are one way Traditional Stores are doing everything they can to compete with online retailers which were open all the time. Regular source said black friday, have their cybermonday, the monday after thanksgiving. It was a record breaker with half of shopping done that day on work computers. Fedex said it would ship a Record Number of packages this year. How do you make money from this craziness . Retailer stocks in the s p 500 are up 25 , outperforming the overall index. Break and mortar versus q or online retailers which is the best choice . Gary is the president of capital management. I cant say your last name today. There we go. Let me show viewers a full screen here, Retail Stocks, on line versus brick and mortar and the on line do much better. You have an insight into this chart. What is it . Amazon is a huge part of that chart and amazon does zillions of sales. Amazon mist and stocks Still Holding up because they think big earnings will come in the future but for me when all is said and done i like the brick and mortar. We have so many big winners throughout the year right there and i dont think theres enough meat on the bone as far as dealing with on line and all brick and mortar have online already. Gerri you dont think amazon is a real play . That cpany is unbelievable. In sales growth is a humongous and i have made money in stock but in the last four quarters 90 , they lost money. That stock will be in trouble but the market is betting though once the bill out is over it will come to the bottom line and the stock will be okay. Time will tell but i am looking focategory killers throughout the years. You had the coaches that have done well. Recently a new one came in the last year, michael corps has 100 earnings growth, 50 revenue growth. Gerri talk about a category killer, it is covered at every price point from low end to high end. In terms of retail, isnt online reverses brick and mortar really a distinction without a difference . All of these have an Online Presence and you cant be a retailer these days without being on line. You are 100 right. Every retailer is online now so their business online, i can tell you talk about cybermonday for me is cybermonth. All of us are being inundated with emails from all these companies, great deals, and monday will be another big day. People like buying on thatate for whatever reason. It really isnt a difference in a large point in time. They will be j. C. Penney and kmart not managed well. And costco, being managed well, they will pay up for those thoughts and for the j. C. Penneys and they cant get it right with the new ceo. Gerri anybody you see emerging out of this Holiday Season that will be applelike . Possibly. I walk two weeks ago i walked in the mall at 2 00, and 300 people in there. They will have another good one but as far as whos sticking out, cant tell yet. Gerri we will check back in with you to find out what you hear. Your nose is to the grindstone and years to the ground. Happy holidays. Gerri we want to know what you think. What are you finding a better deal . Log onto gerri willis. Com. I will share the results tonights show. John boehner says obamacare needs to be part of the fiscal cliff talks. Democrats say no way. Where does that leave the discussion and it could be the next big threat to the Financial System. We will talk about it coming. [ engine revs ] [ male announcer ] the mercedesbenz winter event is back, with the perfect vehicle thats just right for you, no matter which list youre on. [ santa ] ho, ho, ho, ho [ male announcer ] lease a 2013 c250 for 349 a month at your local mercedesbenz dealer. Now we need a little bit more. [ male announcer ] at humana, we understand the value of quality time and psonal attention. Which is why we are proud to partner with Health Care Professionals who understand the difference that quality time with our members can make. 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Its the card for people who like more cash. Whats in your wallet . Gerri the shadow banking system, money market funds, any lender technically not obeying cant blame by many for the Global Financial crisis, they are bigger than ever at 60 trillion in terms of assets according to a new report from the Financial Stability board. I asked the editor in chief of american banker about the risks shadow banking poses to the total Financial System. As we saw during the financial crisis they did pose a big risk to the system because these are people in the business of lending money, investing but not regulated like a lot of banks so nobody knows what they are doing and another gerri blocks [talking over each other] gerri no idea what is going on with these companies or if they are maintaining any standards like we would expect out of banks. Banks are highly regulated entities. They can get in trouble as well but they do have regulators watching them closely and a lot of shadow banks dont. If you are a hedge fund your life be regulated, same with private equity and things like was a real problem for small investors because one of them, primary reserve fund went under and created a panic. Gerri ne of the big concerns out there, 67 trillion globally and the u. S. Leads the way. How big is that, how big a problem could it be . When you think there lightly regulated and in the united states, the shadow banks have assets of half as much as the banks. They dont live in a world that is separate from banks and other pieces of the economy so if they get into trouble you have counterparty risk. If i owe you money and get in ouble it is your problem as well. It is closely intertwined. We saw this in 1998 with longterm capital management. No one had ever heard of it and this hedge fund got into trouble and it was deemed by wall street and the Federal Reserve to pose a Systemic Risk to the whole Financial System so we never heard of it but had to bail out. Rri do we need more regulation . That is the first in a lot of people would say . First thing regulators want to do is regulate and they want a lot of complicated regulation. I dont think that is the answer but bringing this stuff out into the sunlight making these shadow banks show what sort of risks are opposed to the system would be a really good start so at least we have a sense of what is going on. Gerri for the regular american out there theres a whole world that is completely closed to them, has nothing to do with them but at the end of the day could make big trouble for regular investors. Give us an example of how this could unwind. As we saw with moneymarket funds which was for momandpop investors but what you had was something people thought was safe and stable and as it turned out when one of these funds started to get into trouble there was a risk that the whole industry, 2. 5 trillion industry could suddenly have a huge run on its money, there would be a lot of other Financial Institutions in trouble so it could have three knockoff affects. It could have a systemic effect, it could mean your government has to bail amount which year taxpayer money and one of your investments is in trouble. Gerri i hate to get when a taxpayer money. Thanks for coming in. Appreciate your time. You did a great job. Thank you. Coming up a look at the hottest toys for kids this Holiday Season. We will tell you where to find the best deals and the best apps to download before you leave the house and some bigname retailers speaking out about the fiscal clef. Will our do Nothing Congress listen up . I always wait until the last minute. Can i still ship a gift in time r christmas . Yeah, sure you can. Great. Wheres your gift . Uh. Whew. [ male announcer ] break from the holiday stress. Ship Fedex Express by december 22nd for christmas delivery. So, which supeast 4g lte service would yochoose, based on this chart . Dont rush into it, im not looking for the fastest answer. Obviously verizon. Okay, i have a different chart. Going that way, does that make a difference . Look at verizon. Its so much more than the other ones. So what if we just changed the format altogether . Isnt that the exact same thing . Its pretty clear. Still sticking with verizon. Verizon. More 4g lte coverage than all other networks combined. Gerri you heard us talk about this lot, weighing in on the fiscal cliff. Until now we hadnt heard much from one large group, in a rare move walmart and walgreens letting loose on what they think of washington and the fiscal cliff. Liz macdonald, what are they saying . Liz walmart is saying their customers dont want to see tax increases. And now cbs, it is unusual for walgreen to wade into this public fight over the fiscal cliff, they have not spoken out before and they are saying essentially our customers are hardworking American Families and they do their own budgets. Where were you, washington d. C. Doing your own budgeting, their confidence has been tested time and again, persistent high unemployment and fragile Economic Growth and customers want to know d. C. Is working on their behalf and walgreen stepping out saying customers need clarity. Gerri every company out there, if there saying anything at all they are saying do something. It breaks down after that. Some say i want to make more taxes and do not raise taxes. [talking over each other] walgreens is saying we want to make investments to create jobs. What you guys in washington d. C. Are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare [talking over each other] liz putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. Gerri interesting to see if he derail everything. Liz they have a seat at the table. Is not political. It seems to when you read what they say it is not like they are saying we want a voice in what is going on. There saying our customers are concerned. Of course it is a revenue problem. Shoppers and consumers are not coming in because theyre worried about the fiscal cliff. Gerri all singing the with one voice. Interesting to see if anybody hears that. Thanks for coming on. Appreciate it. Guess what else has joined the fiscal liftoff . The federal gas tax, special interests in washington are pushing for an increase in the gas tax which has been stuck at the same rate for 20 years. Right now the federal gas excise tax stands at 18. 4 presented gallon. It raises 37 billion a year from american motorists but the federal government spent more than that, 52 billion a year on highways so theres a 15 billion shortfall which has to be borrow and added to the deficit every year. Naturally is part of the deficitreduction discussions. The Group Supporting the attack site include state highway officials, road builders, trucking associations, the simpsonbowles planner it proposed raising the tax as well. Theres another tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. Deal or no deal, hold on to your wallet. Here with more, the senior tax policy analyst for the heritage foundation. Always nice to have you on the show. Lets talk about the boom line for so many people out there, it will hit so many folks, 90 of households, almost impossible to escape and create that. Everyones taxes will go up on january 1st. Important to point out were talking about today which is raising taxes. That is off point. The fiscal cliff is here because were spending tooomuch. We are the precedents of the debt crisis because were spending too much. W we can raise taxes and talk about raising the gas tax, nothing to do with cutting spending which is where we should be directing our attention. Gerri it is interesting because if you look at the revenue raised by taxes and money into the federal government front door over the last few years it is returning to levels that are pre recession so were back on track for what should be ample revenues. If you go back to 2007 before the financial crash our revenues were above the average. We will be back to that level in a few years as soon as the economy recovers. The Congressional Budget Office tells us that. We have a spending problem and yet no one is focusing on the spending. Everyone is focused on how to get republicans to raise taxes the president obama has put forward one dime of spending cuts even accept. Or how the reform entitlements, to avoid a debt crisis. Gerri something else, criticizing Grover Norquist for his note tax pledge. This would point to a fracturing of the Republican Party in terms of its support for not raising taxes. What do you make of this . Does this come as news to y you will this change the face of the Republican Party . Points to the fact theres so much pressure here on republicans. The media putting pressure on republicans, completely misplaced. We have a spending problem. No one is fusing on cutting spending. That will continue until john boehner or somebody else says were not talking about tax increases so we Start Talking about cutting spending. Gerri obamacare is an expensive entitlement that is brand new and john boehner, speaker of the house, wrote this, we cant afford it. We cant afford to leave it intact. The law has to stay on the table as both parties discuss ways to solve the nations massive debt challenge. It has been put on the table is yet another king, something republicans want on the table. We need to do something about obamacare if we are going to make any move on the other front. Does that mean these talks will be stopped before they are even started . I dont think so because obamacare should have been on the table from the beginning because the tax increases it will bring about on january 1st. The biggest most expensive most economic damaging increase in obamacare kicks in january 1st. That is 3. 8 surtax on investment income, Capital Gains and dividends that will slow investment which will slow the economy and slow job creation. Were in no position to be slowing the economy and cutting back on jobs with so Many Americans out of work. Gerri i want to show folks will were looking at as we go over the fiscal cleft. Increase in wages and salaries of 5 . Long term Capital Gains, 7 qualified dividend. We are looking at massive acrosstheboard tax hikes that will affect not just your income but the way you invest, the incentive for people to get off of the couch and do anything at all seems to me if it is not removed it certainly is less than it was. Conservatives want to protect the rich. I could care less about the rich. I dont care foreign buffet is paying less tax or me tax but if we raise taxes on investment will limit opportunities for minimum lowincome workers. Wiki people who are out of work from going back to the job. We keep people from having a wage incase. That is what the fiscal cliff matters and raising taxes on investment matters and that is why obamacare should be on the table. Gerri thanks for coming on. Always a pleasure to have you on the show. The Holiday Shopping season is here. Did you get everything you wanted to take . I have the hottest toys you dont want to miss out on. Stay with us. [ male announcer ] with over 50 delicious choices of green giant vegetables its easy to eat like a giant. And feel like a green giant. Ho ho ho green giant heartburn symptoms causedelieve by acid reflux disease. Osteoporosisrelated bone fractures and low magnesium levels have been seen with nexium. Possible side effects include headache, diarrhea, and abdominal pain. Other serious stomach conditions may still exist. Talk to your doctor about nexium. Gerri the Postal Service will begin testing same day delivery starting next month, part of the effort to boost its bottom line. They will team up with major retailers to begin expedited Service Starting december 12th but only in san francisco. If successful the program will quickly expand to other major cities including boston, chicago, and new york. The experiment theyre calling metro post is projected to generate 10 to 50 million in new revenue over the next year. You have got to ask yourself why are you doing and only now . Leak to the party. 15. 9 billion annual loss, by comparison fedex chose the 2 million profit. Holiday sales, were talking Holiday Shopping, and fedex is doing well, officially kicks off a Holiday Shopping season so with a look at the hottest toys for your kids or grandkids is the Senior Editor for retailing. Thanks for coming on the show today. Really appreciate it. I want to get to these toys in the second but lets talk about the best place to buy them online or in the real world . They have the instore option, those are the big retailers for toys. Either way, whenever. What is happening now, this sort of omni channel approach where retailers have an online arm and sales are across the board pretty even. Whatever works for you. Some people like to touch and feel and some stay home in their pajamas so it depends what you like. Gerri theres a derby here and up power ranger. It is like 1985 all over again. What is going on with the hottest toys and what is it that makes him so popular . It is all about retro. I was shocked to see how many were making a resurgence and we have this guitar game that plays with your ipad. With this modern device youre playing an old school game. The derby and Cabbage Patch kids, a teenage mutant ninja turtles, these are nostalgia, we went to visit our own childhood when we were buying save for our kids. It is more about mom and dad and the kids. I played with all these things when i was a kid and it is fun to have them again. Gerri i want to talk too about tech air when for a second because it is important. People could save a lot of money if they did a little planning with good information. Sternly what is red laser . Of mobile apps free for phone and android and the comparison Price Comparison, you can go in and say looking for th tv, where can i find it and it will let you know, what retailers have lower prices on that particular item so you are making more informed decisions when you are shopping. Gerri can i ask an instore . Some times. The technology is just makin its way in. Most of the stores are getting up to speed but it wont be 100 . Gerri you have your own apps. It is for when you are out and about shopping, looking for coupons. A lot of them are in store that you can use at the register. We have a brand new iphone apps we are excited about because when you walk into your favorite mall you will be alerted to all sorts of deals that are available. You can turn them off and on, it may save old navy 30 of that you can use at the register, your very wellinformed when shopping about. Gerri clipping is another one. Is a also a cuban . No. It is the computer apps that helps you organize your gift ideas and shopping ideas. You can share your clipboards with specific items with friends and social me and you can set up price alerts. A great weight to be an informed shopper and right at home on your desktop. Gerri i want to go over prices. They fer be is 54 and was much. [talking over each other] i was a little shocked at a price that there are a l of bells and whistles, dances and talks and engages with you. A little quiet at the moment but prices are there because the technology, the eyes are ltv so he contract you around room. [talking over each other] gerri at 12. 99 at 12. You dont have a lot in your budget for toys. Makes a big impact. The kids love it. Theyre watching on tv as well and collecting bandlaying with their friends. Gri the atari you have to bring your own ipad but it is 60, the most expensive thing here and i was shocked the Cabbage Patch doll almost 45. The new baby wine with lots of babies available but it is going to cause the same collecting frenzy that happened before. Interesting that they are coming back and making a play for toys again. Gerri last word here. If you are out there and shopping for kids, what do you need to know . What is e best advice you can give . Never take a price at face value. Do your homework. Use Price Comparison sites and apps. Try to find coupons because theres a lot of savings out there available for everyone. If you take an extra minute to find the lowest price and determine am i going to shop online or in store, but for the lowest price. Gerri thank you. Appreciate it. Way and on the poll question, where are you finding better deals . In store or on line . Log onto gerri willis. Com aad vote on the right side of the screen. We will share the result in a few minutes. With the Holiday Season in full swing americs food giants have decided Consumers Want to celebrate with something special. Weirflavors. The Top Five Companies with weird holiday flavors and i mean weird. Number 5, mcdonalds in addition to peppermint mocha coffee drinks pretty standard. Mcdonalds also rolling out its mcrib sandwich. Comes out everyones in a while. Its own savory breed. Mber 4 targets pantry line offers several holiday flavor milks including red velvet, chocolate mint, eggnog and light and not the. I would rather have the real thing. Jones soda offered back in 1994 was a turkey and gravy cola. This year theyre offering four holiday soda flavors, a candy cane, gingerbread, pear tree and sugar plum. Number 2, chap stick, pucker up, even chad stick venture into the holiday flavor sales, the company will offer three loaded edition olive flavors this year, candy cane, apple cider and chocolate truffle and the Number One Company with the weird as holiday flavor, be prepared to be grossed out, crinkles. Pringles Great Success with new flavors all year round decided to venture out an experiment. Pringle is offering holiday flavored chips like candy cane, pumpkin pie, white chocolate, peppermint and cinnamon and sugar chips. Oh yuck coming up the dow closing the week above 13,000, the best weekly gain since june. What is the kind that . My next guest says he is fired up over recent comments that ben bernanke made earlier this week. Bernanke made earlier this week. We will tell you all about it e. I had three kids. And she became the full time mother of three. It was soccer, and ballet, and cheerleading, and baseball. Those years were crazy. So, as we go into this next phase, you know, a big part of it for us is that there isnt anything on the schedule. Why let erectile dysfunction get in your way . Talk to your doctor about viagra. Ask if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. This is the age of taking action. Viagra. Talk to your doctor. Gerri up next the Capital Gains tax expected to skyrocket as t gerri the stock market had a black friday of its run today. Major averages all end this holiday shortened week with significant gains. Love to see that. The dow closing above the other team thousand benchmark of 1 72 points and the nasdaq up 4 ending its a law this losing streak in four years. Joining me, scott martin, a strategist for united advisers. Welcome back to the show. I like this. Penalized for the fiscal cliff, somehow we are not, and can this trend continue . Is this a trend or one nice week that we will remember for a long time . It depends what trend you are refeing to. The onagain offagain relationship we seem to have with the fiscal collect is probably here to stay. We will probably drive investors mad because there is one day people will save the world is coming and taxes are coming to the sky and a resolution and things will be okay. The reality is somewhere in between which means the market meanders a little higher towards the end of the year but nothing significant. Gerri what you said in your pre interview which was crazy, i couldnt get over it, you say we overestimated the importance of the fiscal cliff . How is that possible . The average family will have a pretty 500 tax hike if this thing goes through. If we fail to do anything at all this could mean things like an economy killer and market bust. Why are you so he enamored of fiscal cliff . I dont think that 3,500 hit to the average family is going to happen. I think there will be a deal struck here, each side is going to have to give a little bit. My take on the fiscal cliff is the notion that i definitely in everybodys had affecting Holiday Spending but becoming its dont issue. We are blowing it up is like the debt ceiling talks we had last year. These all became issues because we made some issues. Net net is no good longterm efcts for the economy. Gerri you picked up Something Interesting out of ben bernanke at statement about banks being too tight with their lending. What did you make of that . It is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meaning they borrow at the low end of Interest Rates and blended out on a long end meaning the consumer will pay off higher interestrate and banks make the spread. Interest rate curve is not even occur but a flat board. And to be a little more conservative with lending and ben bernanke saying no banks, d to everybody to comes to your door. Gerri we saw how well that worked out last time it happened. That is one of the problems we had in 20072008 and even in the late 90s and early 2,000s. Banks lend to everybody and didnt have a way to make up for the losses we saw so a lot of them failed. That is where Ben Bernankes ideas were misplaced. You will look back in history and see that was something that didnt work out. Gerri he is a historian. You would think he could figure it out. Thanks for coming on tonight. A pleasure having you on the show. Come back soon. We will be right back with my 0. 02 more and the answer to the question of the day, where are you find a better deal . In store or on line . Twins. I didnt see them coming. I have obligations. Cute obligations, but obligatio. I need to rethink the core of my portfolio. What i really need is sleep. Introducing the ishares core Building Blocks for the heart of your portfolio. Find out why 9 out of 10 large professional investors choose ishares for their etfs. Ishares by blackrock. Call 1800ishares for a prospectus which includes investment objecves, risks, charges and expenses. Read and consider it carefully before investing. Risk includes possible loss of principal. Fare thee well farewell mr. Gloom be on your way though you havent any money you can still be bright and sunny sing polly wolly doodle all the day hah gerri is officially the Holiday Shopping season, so where are you finding a better deal . In store or on line . This is what you are posting on my facebook page. Fighting the croats traffic and crowds takes its toll. I prefer the comfort of my home to have a huge variety of goods at my fingertips. Bernadettes says what is better than getting a great price with Free Shipping and you didnt have to leave your easy chair . I can relate to that. We ask on gerri willis. Com, 90 said a story, 81 said online. Steve wrights the reality is we no longer depend on true american patriots to overcome the masses of those who will want to hand out. In the next four years will get worse. Unless some unexpected event changes the direction of country may god help us. We end on a light note. An audition tape made by the beetles that was rejected by record producer will go up for auction next week. Will probably go down as one of the biggest blunders in business history. The record executive decided against signing the beatles because he is widely reported to have said these groups are