makes sense. the job market is slowly getting better. the long-term unemployed, things have not gotten better for them. i think that the betting on wall street in washington is that they will somehow come up with a way to extend those benefits, carol. it won t go on forever. definitely, that emergency program will be done by the end of the year, carol. christine romans, reporting live. thank you so much. still to come in the newsroom, college football crowns a champion tonight. the bcs is going out with a bang, rachel nichols. all about it coming up after this break. [ male announcer ] to truck guys, the truck is everything. and when you put them in charge of making an unbeatable truck, good things happen. this is the ram 1500. the 2014 motor trend truck of the year.
try aleve d for strong, all day long social security are just numbers thinkin a budget.d. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future. of these programs into a last minute budget deal. we ll all pay the price. aarp is fighting to protect seniors with responsible. solutions that strengthen medicare and. social security for generations to come. we can do better than a last minute deal. that would hurt all of us. the president is dealing with another potential crisis, and that s israel, gaza and egypt. he called israeli prime minister benjamin netanyahu yesterday. just moments ago we learn that had a rocket reached the outskirts of telaviv.
oh, let me guess ou see this? more washington gridlock. no, it s worse look, our taxes are about to go up. not the taxes on our dividends though, right? that s a big part of our retirement. oh, no, it s dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it s too late.
the financial crisis. joining me now is the man behind those ideas. william cohen is also the author of money and power: how goldman sachs came to rule the world. let s say he does bring those ideas to bear. will business accept them? will they like them? look, i understand there s a lot of animosity out there towards wall street and justifiably so. if it weren t for wall street chances are pretty good we wouldn t have gotten into the financial problems of 2007 and 2008. the time for the behavior and figuring out what they should have done is over. the market has been down nearly every day since the president was reelected. up a little bit today. the fiscal cliff or curve or whatever it is looms. it s time for wall street in washington. will they like the ideas that you wrote out there? no. of course they like the idea of working together. they won t like the idea of being prosecuted. i think they go hand in hand.
they need to be prosecuted for wrong doing. that has not happened yet. after the savings and loan crisis in 1977 and 78, 3,500 wall streeters were put in jail. this time, zero. it s a matter of prosecution and getting these people held accountable. do that and also learn to work together. in the real world it s important for washington and wall street to work together. the fiscal cliff as well as taxes, talked about by the president. what does business want on these two issues? you know what, i think despite all of their backing of mitt romney who of course wanted to cut their taxes. i think in reality leaders of wall street as was poibtd nted yesterday, are prepared to pay more in taxes. i hear that wherever i go. wealthy people are willing to pay more in taxes. they also want to see it combined with prudent spending cuts that show fiscal