finding jobs. but if you take all college graduates, they actually came out ahead after the recession began. this will work itself out. as i say, if we start valuing people differently, great. in the meantime, you want to make more, you need the degree. sabrina, on the other hand, this guy, snowden, he dropped out of high school. and he then earned a ged. but he never got a college degree. so here s a guy who s making six figures without a college degree. well, that s right. because we know that the high price tag doesn t necessarily translate into high wall value. we do know that 53% of recent college graduates are either underemployed or unemployed. so things are looking a little bleak for some of these college graduates. as e. mack suggested, if you dig a little deeper, those college graduates are accounting degrees, computer science deg e degrees, they are doing better than those of us like myself. in the end, we need skills, not
baloney securities, they are going to invest it in investments that they are betting against, they are going to do exactly the government never invests in anything phony. as they did the past 10 years that got a lot of people broke. you cannot turn this over to wall street until wall street shows us that they are prepared to do the right thing. has the government ever showed us that it s ready to invest wisely? no. in fact, ben bernanke and his counterpart, counterfitter in chief, obama and bernanke, they are robbing us of our savings. i like what e-mack is saying. my 401(k) has outperformed social security during my career and i think all americans should enjoy that. morgan, you re on the younger side. what do you think? you think the money is going to there be when you re ready to retire? not necessarily which is why i m all for reforming social security but i don t think we
the u.s. military asked the times not to publish the photos, but the paper s editor defends the move saying, quote, after careful consideration, we decided that publishing a small but representative selection of the photos would fulfill our obligation to readers to report vigorously and impartially on all aspects of the american mission in afghanistan, including the allegation that the images reflect a breakdown in unit discipline that was endangering u.s. troops. chris lawrence, who is joining us live from the pentagon. chris, first of all, how are the military reacting at this point? reporter: strongly, suzanne, in a word. defense secretary leon panetta thought this was serious enough to have to address it during a nato meeting overseas. he said bluntly, this is war. it is very violent. young people caught up in the moment will make foolish decisions. he also again strongly condemned the paper for releasing the photo saying that the military had urged them not to. he said
look pretty. david: mike, what happens when the tax cut goes away? you are penalizing investing, savings and job creation, david. look david: what will happen? spell it out for us. are we going to see more job losses or ends of small businesses? what? stagnant economy, an economy like when jimmy carter was president. a lot of it is for the same reason. i agree with quinton about one thing. he s half right. spending by bush increase, spending is the problem, not the lower tax rates. the problem is president obama doubled-down on that. david: e-mack, point is right now can we afford a tax increase when it could put small businesses out of work? no. we re making the same mistakes from 1932 and 1937. that s why they may not do because it s political suicide to do that. look, basically we re seeing with obama care, 20 other new taxes coming in, three big ones to hit the middle class on january 1. david: stephane, you agree.
david: the one group benefitting the most from the oil spill and b.p. $20 billion fund to pay for thedy sast er the disaster. it s trial lawyers. e-mack, you say the b.p. should get ready to write lawyers a check? yes, it doesn t cover legal fines and lawsuits so of course it s a sweetheart kiss. they saw the exxon valdez fine was vacate and came to the tenth of the original $5 billion. this is similar to the shield funds or the tobacco settlement fund. when we saw this happen with the tobacco fund, 5-10% went to tobacco-related issues and the rest went to higher education for places like virginia or energy issues in virginia, so it wasn t used for what it was intended for. we have to watch out. a rank smell of pork spending