the budget cuts and if those go through, those people aren t spending money and overall coming to the economy with the sequester. megyn: really? i hate to contradict the narrative of the major media outlets, but are people paying attention to the sequester? no, i do not think they are. not the average person going to wal-mart or just spending the sequester, marge, the sequester is coming. we have to push back the purchase of a big box of soda because of sequestration and i personally am going to take, not doom and gloom, i think this isn t that big after deal. you i think it s a one time thing and people saw the paychecks and let s tighten up the wallet for a month or so. consumers here in america are resilience. never bet against american consumers. they re going to find a way to spend money i think it s a short-term fix and i think that wal-mart long-term is going to be just fine. megyn: here is another e-mail obtained by bloomberg
and 160 million people who got a tax hike that were not expecting a tax hike, on top of that, december there was a ton of money in this country and incomes were up huge because everybody wanted to beat the tax hikes, dividend payouts and special bonuses and savings went through the roof. it felt like the american public was so afraid they started to save money which is definitely against our dna and they re pulling back a little bit and i think that wal-mart is feeling is. and wal-mart is telling because it caters to middle class americans and people who have lower incomes and they re not spending. absolutely right. charles is right about the payroll tax, i was a big proponent of spending the payroll tax for that reason, i think that $40 on average they said people s payroll people s less money came into people s pockets. megyn: $50,000 a year, $40 hit. and that s the paycheck and a reason and people are getting ready for sequester. i understand that defense department had to
stock market at almost an all-time high and maybe moving up and spending money on higher end goods. in 2008 when the market as a nonfox business person can i say look if the economy is doing well, a stock market doing well. and negative growth in the fourth quarter. people look at their wealth and open the 401(k) people and see how. megyn: rich people. everyone has a 401(k). i think it s how they are doing mentally and retail hitti why? because they re in the stock market and the way that normal people live. what matt is talking about, what ben bernanke is calling the wealth effect and you feel wealthier and i don t think it s working, in fact, one of the real things, we re watching tv and hit me as all of the these commercials come on. everything was zero. the cars, zero down. zero interest, zero payments.
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be another republican campaign pushing this. so they re saying okay, for right now we re willing to support herman cain unless something comes out to change our mind. martha: look at some of the other numbers that came in. it is very interesting because what we re seeing newt gingrich, let s look at this one first. michele bachmann and huntsman. 2%. these kind of numbers raise a lot of questions, scott. some people think it is time to throw in the towel for people in this range at this point . what do you think? well, they are, huntsman bachmann and rick santorum very low in the polls. they raised money. they promised voters they would try to do something. i think they should stay in at least until iowa and new hampshire and see what happens. martha: there s another look at the whole group. you can see it gets pretty thin there at the bottom. i want to talk about gingrich in a moment. look at this other one which is romney versus obama poll that we want to take a look at as well. the