bubble in the economy, bigger than the healthcare bubble and even bigger i argue bigger than the housing bubble. you ask the question: is the bubble going to burst? i say yes, it is. consumers and family can t afford it. more and more students are getting degrees in sociology, philosophy, gender studies. that employers say this has no use to me. that s why you a lot of kids who spent $200,000 on college education and up to the throat in college loans and they can t get a job other than gardnegardener. eric: you re saying it s not preparing them for job market. would be related point, another big problem, there are relate one more point. another big problem, there are no jobs. there are people what don t have jobs and now you graduate students in the job. eric: tuitions are going up because clems realize there
are 1 in 32. how much would you keep? how much would you owe uncle sam? from the win of $320 million, the tax bill would have been $84 million. it could be several million higher as this jackpot grows. ticket bayers are alsoinging about what else they could buy. nobody can pay their bills anymore. it s bad. i mean, look, hostess is shutting down. that s that many more people that don t have jobs. reporter: the previous power ball record prize was in 2006. you remember the con-agra food workers won that $365 million. this is each higher, folks can t wait. they are squirming to the lines to get the lotto tickets. back to you. i am sure the lines will continue to grow until wednesday.
shakeups. if you can t take over the judicial branch make sure it doesn t have the authority to go after him. why is this important to us? eegypt is about to hit its fiscal cliff. it has economic crisis on the horizon. they can t feed their people, they can t give them fuel. they don t have transportation fuel and without foreign assistance the egyptian government and morsi himself will face a lot more demonstrations. people went to the street 18 months ago because they don t have jobs. just think how angry they will be if they tonight have foods. a few days ago marked a year from the deadly clashes in tahrir square, and they were protesting against hosni mubarak. earlier this week the protestors were out again wanting morsi to bring phaoub to justice. he s trying to speed up justice and legal object stack kals that
alex. that having been said, you re also looking at this in a macro picture. when you look micro, look from house to house. what about all those folks who don t have jobs who are getting out there, job hunting. they want to work part time holiday shopping, sales, things like that. tough to buy for their families. there s all kinds of things whether it s a hurricane sandy event or losing a job whether it hits a house hard. our consumer society is so concentric that we have to change. last year 900 tornadoes, floods, fires, tsunamis. last yul the hottest july on record. now hurricane sandy. she s talking to us. she is talking to us. we have to be macro. we got politicians to say the phrase climate change. we have to make a change. that change is taking place. there s a quiet revolution. people are going to sustainable local economies, ma and pa
unbelievable. and i believe that people are going to go to the polls and they re going to cast their vote and they are he going to cast it for mitt romney because they know that he has something that will definitely turn the economy around and get those out to the tens of thousands of people that have no jobs. do you think though at this point the fact that these numbers have come out, just days before the election, will they actually have any impact though with people who are really undecided at this point? well, i believe that people are probably, some of them, a the lot of them are waiting until the last minute to vote this weekend, and on election day on tuesday for the bottom line, is that we ve got thousands, tens of thousands of people that still don t have jobs and jobs in the economy is what makes america, what it is. and that s what keeps our families going. and president obama has had four years of failure, he hasn t delivered.