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Martin from accent asset management and democratic media consultant steve murphy. welcome to everybody. tom, no deal, a b. s. deal for jobs? i agree. i mean, these cuts that take place in 18 months are a budget b. s. it s a budget crap. you have to make these cuts now and they have to stop messing around and put an end to the uncertainty on america s economic future and the job creators right now. they have to make the cuts. no one is going to be happy but it s their job and responsibility for the future of this country to make the tough decisions even if it s not the right ones. i don t know, jonas, you re smiling. that may be because you re in miami or maybe because you re disagreeing with tom. some cuts are better than no cuts. i actually like severe, serious cuts which is the penalty for no action and they kick in later as would the tax increases if there s no action and that s actually kind of good because the economy is not so great right now. and it can t handle either tax ....
Bring a the lot of money and aweden, they buy tickets to the games more than buy the science fair does. yeah, all the brownies sold in the bake sale. throwing more money at science teachers isn t going to magically make kids go into that or get better at it. we have a bigger problem than money to pay is going to fix. i don t want to down play the importance of phys ed in this country. brenda: won t this bring in better teachers, though? won t this bring in better teachers, tom? it will. that s a good idea. will it make kids go into it, that s not again, there s great professors of science in college but people don t choose that major. brenda: tom? yeah, i agree but i mean, ultimately, it s just more rhetoric from the unions. governor christie is doing exactly what he should do as governor telling the unions to butt out and let the free market work. brenda: skinny scott, don t make fun of fat people anymore, i m getting sick of that. that s enough! be quiet. we need ....
You shop, they were disgruntled anyway. if the workers don t like it, you can quit. give the job to somebody else who wants it and join the other millions of americans that live off the government. brenda: you know, steve, the idea is to go on line in your pajamas and that s where you get the real deal, isn t it? that s what i do. i ll be shopping all day on thanksgiving on line except when i m watching football or eating thanksgiving dinner. middle class ought to look at how to save some money here. they re up against a wall a little bit and this is a way to do it. shop on line, don t go through all the trouble of going out to all the big block stores. brenda: tom, what about you? years ago, said the same thing about businesses being open on sundays and that was big business for businesses. so i mean, can you imagine if stores weren t open now on sundays? i think you should take some of those occupy wall street protesters and put them to work on thanksgiving. something to do ....
Administration went on tv and went oh, my goodness, rates are going to spike if we get downgraded. treasury rates are at the lowest in history. you guys are talking big issues and like kind of bring it down to the people here like me and explain it a little bit more. when you talk to you want lower rates. that s better for growth. when you talk about downgrades, you re talking about ratings services who take who basically say we get an a or a b on our on our credit. right? like normal people do, it s basically credit history for the country. right? which is a risk of default, brenda, exactly which raises the risk of default of that underlying debt. our bonds. what does that mean for jobs? the point is what it does, brenda is actually i think it will encourage job growth. with rates low, companies able to borrow at low rates, they can create capital. they can create jobs in that environment. ok, so tom, bringing this back to jobs again. brenda, i got to tell you, ....
The thing, brenda. look, i m not so sure that this deadlock in washington is keeping people from hiring. i mean, the economy to jonas point actually is starting to recover a bit. we got 2.5% gdp in the third quarter. fourth quarter looks a little stronger. we re still hiring workers blaming washington for a slowdown in the business committee seems like pointing fingers to me. what do you think, tom? i have to disagree because the confidence right now in the system is at an extremely low level. i mean, entrepreneurs are not willing to go out there and risk capital to put back in the system because of the uncertainty that s going on in washington right now. so you want them to do anything is what you re saying. they have to listen, $1.2 trillion is a complete joke in itself. you have to go big and make the cuts now. a deal or no deal? really, that s what we re asking. steve? absolutely. we need one. ok. tom? you re saying. deal. deal. jonas? i m comfortable with th ....