melissa: that's all the "money" we have for you today. have a terrific holiday. "the willis report" is coming up next. thanks for watching. ♪ gerri: what's going to happen to fiscal talks after john boehner says obamacare needs to be part of the discussion, and don't important thing to bring with you when you shop this season, and, no, it's not your credit card.

och unions muscling their way in. rich edson on unions trying to block spending cuts and the fiscal cliff deal while making sure the rich pay more. jeff flock with union back protests at wal-mart stores and diana on the dirty little secret those unions are not changing wal-mart workers. first to rich and some in washington, d.c.. how unions trying to persuade democrats to avoid spending cuts? >> with a significant lobbying effo on capitol hill and a new advertising campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. the basic message is don't touch entitlements in the fiscal cliff tops we're having on capitol hill. honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts.

as for the effectiveness of this caaign one conservative says this type of pressure from unions is nothing new. >> the fact that they are publicly saying what they have been privately saying helps the american people understand where obama's in trend and comes from but nothing has changed. >> the issue is in the fiscal cliff discussion democrats appear willing to put entiements and spending on the table. republicans saying they're willing to do tax revenue and that could be or would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: youill be covering this for a lon time. thanks for that. this black friday wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. jeff: a few of them but the majority were not wal-mart workers but members of other unions like the teamsrs, the

uaw, it was built today as a demonstration against the notion of working on thursday on thanksgivi. the day before black friday. but the protest when it came down to it wasn't so much about that. was against waart's practice of paying minimum-wage, not giving workers enough ney in their view and about work rules. that is what the actual protests came down to. it was organized by organization called our walmart, the shadow union for the non-union walmart and well-organized by united food and commercial workers union which is trying to organize at wal-mart. take a lk at what the company has to say, speaking for walmart was vice president who said best black friday ever and our walmart organization was unable to recruit a small number of associates to participate in these made-for-tv events.

i covered it out there today and if it was made for tv it was made particularly well. we stood out in the freezing cold and they didn't enter the store but stood outside a while. gerri: wasust you working in the cold. they left a long time ago. >> i should join a union and get out of that. gerri: good luck with that. my next guest says unions are trying to pull all over wal-mart workers's eyes. the former chief economist for the u.s. labor department joins me, great to see you as always. you remain an interesting point, the people who would benefit from a unionized walmart are the unions themselves. how so? >> the union losses because the pension funds are dramatically

underfund. with 33,000 workers that is funded at 55%. it means they only have 55% of thessets they need for current and future retirees. look at the northern california joint pension, 20,000 workers funded at 65%. they nly have 60% of what they need. to fix this pension problem, new workers. they're trying to organize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it would be, a bailout for the unions. they are not concerned about wal-mart workers here. it is about their own obligations. >> you don't think they're

telling these wal-mart workers if they join the union if walmart becomes unionize these workers would buy into these pensions. they're not telling them that all. there saying join a save you will be better off but these workers would be beer off with i r as and 401(k) plans and pension they will get back rather than putting money into a failed pension. none of your listeners would put money into a pension of 55%. gerri: jeff flock was on the ground looking at who was out there doing the protests and for how long. look at the walmart protest. across the u.s. today, we had the impression this was going to the coast to coast and it wasn't that the end of the day. there were fewer people protesting. most of them seemed to be union officials. this is what walmart had to say, less than 50 associates protested nationwide. roughly the same number of

associates missed their schedule shift that last year. what do you make of this? [talking over each other] >> what a big impact they are having, but did it turn out? >> people who were at wal-mart want these jobs, they like the jobs. they provide flexible hourr. people want part-time job because it gives more time for their families and if they didn't want these walmart jobs they would go look for work elsewhere. the percentage of americans who have union jobs is falling steadily. in january the labor department will announce the percentage of american workers who belong to unions will have fallen from 12% to 11%. percentage of private-sector workers will have reached another record low and it is because people don't want their contributions going to fail pension funds -- gerri: what will look like next year? you do have this longerm trend of erosion in union membership

especially in the private sector but we have got the union campaigner in chief in the white house and seems to me he is doing everything he n to encourage union membership. will we have gher membership rates next year? >>e is doing everything he can but union bosses be paving the way they are with hostess where 18,000 workers are going -- they don't want cakes and breads carried on the same truck and don't want drivers to be unloading the cakes and the bread. these union jobs are disappearing. work government workers have a choice to belong to the union or not, their union membership has fallen dramatically in wisconsin, state and local government. gerri: what is the impact of the host the story? to me it seems a black eye for all kinds of unions, a variety of flavors and unions, the bakers union, they were the only

group who could come to agreement with hostess and at the end of the day the company went out of business because of that. >> going out of business and if you look at the auto compaes that need bailout, the union once, cysler and gm, it wasn't the ones in t south that were nonunion so the problem is unionmaking and union bosses are making these non-competitive and it is hurting the workers they purport to represent. gerri: have a great weekend. thank you. still ahead of fiscal cliff mess just got messier. how president obama responded to john boehner's latest comments and holiday season rushes on. would you spend your money? where's the best place to invest it? buying retail stocks for losers next. can i help you?

i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. since ameriprise financial was founded back in 1894, they've been committed to putting clints first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. thheart of a one-to-one relationship. together for your future. ♪

gerri: it was black friday madness all across the country. this was macy's at midnight in new york city. other stores open really liked was r us and best buy, great deals like lc tvs which were 50% of. overall sales on black friday are expected to be 4% to $11.5 billion. midnight opening hours are one way traditional stores are doing everything they cato compete with online retailers which were open all the time. regular source said black friday, have their cybermonday, the monday after thanksgiving. it was a record breaker with half of shopping done that day on work computers. fedex said it would ship a record number of packages this year. how do you make money from this craziness? retailer stocks in the s&p 500 are up 25%, outperforming the

overall index. break and mortar versus q or onne retailers which is the best choice? gary is the president of capital management. i can't say your last name today. there wego. let me show viewers a full screen here, retail stocks, on line versus brick and mortar and the on line do much better. you have an insight into this chart. what is it? >> amazon is a huge part of that chart and amazon ds zillions of sales. amazon mist and stocks still holding because they think big earnings will come in the future but for me when all is said and done i like the brick and mortar. we have so many big winners throughout the year right there and i don't think there's enough meat on the bone as far as dealing with on line and all

brick and mortar have online already. gerri: you don't think amazon is a real play? that company is unbelievable. >> in sales growth is a humongous and i have made money in stock but in the last four quarters 90%, they lost money. that stock will be in trouble but the market is betting though ce the bill out is over it will come to the bottom line and the stock will be okay. time will tell but i am looking for category killers throughou the years. you had the coaches that have ne well. recently a new one came in the last year, michael corps has 100% earnings growth, 50% revenue growth. gerri: talk about a category killer, it is covered at every price point from low end to high end.

in terms of retail, isn't online reverses' brick and mortar really a distinction without a difference? all of these have an online presence and you can't be a retailer these days without being on line. >> you are 100% right. every retailer is online now so their business online, i can tell you talk about cybermonday for me is cybermonth. all of us are being inundated with e-mails from all these companies, great deals, and monday will be another big day. people like buying on that date for whatever reason. it really isn't a difference in a large point in time. they will be j.c. penney and kmart not managed well. and coco, being managed well, they will pay up for those thoughts and for the j.c. penneys and they can't get it right with t new ceo. gerri: anybody you see emerging

out of this holiday season that will be applelike? >> possibly. i walk -- two weeks ago i walked in the mall at 2:00, and 300 people in there. they will have another good one but as far as who's sticking out, can't tell yet. gerri: we will check back in with you to find out what you hear. your nose is to the grindstone and years to the ground. >> happy holidays. gerri: we want to know what you think. what are you finding a better deal? log onto gerri willis.com. i will share the results tonit's show. john boehner says obamacare needs to be part of the fiscal cliff talks. democrats say no way. where does that leave the discussion and it could be the next big threat to the financial

system. we will talk about it coming. before copd...

i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five e minute. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high bod pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lunfunction, starting within 5 minutes. and that makes a difference in my breathing. today, we're ready for whatever swims our way. ask your doctor about symbicort. i got my first prescription free.

or click to learn more. [ male announcer ] if you can't afford your medication, astrazeneca may be able to help.

gerri: the shadow banking system, money market funds, any lender technically not obeying can't blame by many for the global financial crisis, they are bigger than ever at $60 trillion in terms of assets according to a ne report from the financial stability board. i asked the editor in chief of american banker about the risks shadow banking poses to the total financial system. >> as we saw during the financial crisis they did pose a big risk to the system because

these are people in the business of lending money, investing but not regulated like a lot of banks so nobody knows what they are doing and another -- gerri: blocks -- [talking over each other] gerri: no idea what is going on with these companies or if they are maintaining any standards like we would expect out of banks. banks are highly regulated entities. >> they can get in trouble as well but they do have regulators watching them closely and a lot of shadow banks don't. if you are a hedge fund your life be regulated, same with private equity and things like was a real problem for small investors because one of them, primary reserve fund went under and created a panic. gerri: one of the big concerns out there, $67 trillion globally and the u.s. leads the way. how big is that, how big a problem could it be?

>> when you think there lightly regulated and in the united states, the shadow banks have assets of half as much as the banks. they don't live in a world that is separate from banks and other pieces of the economy so if they get into trouble you have counterparty risk. if i owe you money and get in trouble it is your problem as well. it is closely intertwined. we saw this in 1998 with long-term capital management. no one had ever heard of it and this hedge fund got into trouble and it was deemed by wall street and the federal reserve to pose a systemic risk to the whole financial syst so we never heard of it t had to bail out. gerri: do we need more regulation? that is the first in a lot of people would say? >> first thing regulators want to do is regulate and they want a lot of complicated regulation. i don't think that is the answer but bringing this stuff out into

the sunlight making these shadow banks show what sort of risks are opposed to the system would be a really good start so at least we have a sense of what is going on. gerri: for the regular american out there there's a whole world that is completely closed to them, has nothing to do with them but at the end of the day could make big trouble for regular investors. give us an example of how this could unwind. >> as we saw with money-market funds which was for mom-and-pop investors but what you had was something people thought was safe and stable and as it turned out when one of these funds started to getnto trouble there was a risk that the whole industry, $2.5 trillion industry could suddenly have a huge run on its money, there would be a lot of other financial institutions in trouble so it could have three knockoff affects. it could have a systemic effect, it could mean your government has to bail amount which year taxpayer money and one of your investments is in trouble. gerri: i hate to g when a

taxpayer money. thanks for coming in. appreciate your time. you did a great job. thank you. coming up a look at the hottest toys for kids this holida season. we will tell you where to find the best deals and the best apps to download before you leave the house and some big-name retailers speaking out about the fiscal clef. will our do nothing congress listen up?

gerri: you heard us talk about this lot, weighing in on e fiscal cliff. until now we hadn't heard much from one large group, in a rare

move walmart and walgreen's letting loose on what they think of washington and the fiscal cliff. liz macdonald, what are they saying? liz: walmart is saying their customers don't want to see tax increases. and now cbs, it is unusual for walgreen to wade into this public fight over the fiscal cliff, they have not spoken out before and they are saying essentially our customers are hardworking american families and they do their own budgets. where were you, washington d.c. doing your own budgeting, their confidence has been tested time and again, persistent high unemployment and fragile economic growth and customers want to know d.c. is working on their behalf and walgreen stepping out saying customers need clarity. gerri: every company out there, if there saying anything at all they are saying do something.

it breaks down after that. some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washingn d.c. are going to do, what is coming down the road from yound we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like

they are saying we want a voice in what is going on. there saying our customers are concerned. of coursit is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal liftoff? the federal gas tax, special interests in washington are pushing for an increase in the gas tax which has been stuck at the same ratfor 20 years. right now the federal gas excise ta stands at 18.4 presented gallon. it raises $37 billion a year from american motorists but the federal government spent more than that, $52 billion a year on highways so there's a $15 billion shortfall which has to be borrow and added to the deficit every year. naturally is part of the deficit-reduction discussions. the group supporting the attack site include state highway officials, road builders,

trucking associations, the simpson-bowles planner it proposed raising the tax as well. there's another tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to your wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, it will hit so many folks, 90% of households, almost impossible to escape and create that. >> everyone's taxes will go u on january 1st. imrtant to point out we're talking about today which is raising taxes. that is off point the fiscal cliff is here because we're ending tooomuch. we are the precedents of the debt crisis because we're spending too much. how we can raise taxes and talk about raising the gas tax, nothing to do with cutting

spending which is where w should be directing our attention. gerri: it is interesting because if you look at the revenue raised by taxes and money into the federal government front door over the last few years it is returning to levels that are pre recession so we're back on track for what should be ample revenues. >> if you go back to 2007 before the financial crash our revenues were above the average. we will be back to that level in a few years as soon as the economy recovers. the congressnal budget office tells us that. we have a spending prlem and yet no one is focusing on the spending. everyone is focused on how to get republicans to raise taxes the president obama has put forward one dime of spending cuts even accept. or how the reform entitlements, to avoid a debt crisis. gerri: something else,

criticizingrover norquist for his note tax pledge. this would point to a fracturing of the republican party in terms of its support for not raising taxes. what do you make of this? does this come as news to you, will this change the face of the republican party? >> points to the fact there's so much pressure here on republicans. the media putting pressure on publicans, completely misplaced. we have a spending problem. no one is focusing on cutting spending. that will continue until john boehner or somebody else says we're not talking about tax increases so we start talking about cutting spending. gerri: obamacare is an expensive entitlement that is brand new and john boehner, speaker of the house, wrote this, we can't afford it. we can't afford to leave it intact. the law has to stay on the table as both parties discuss ways to

solve the nation's massive debt challenge. it has been put on the table is yet another king, something republicans want on the table. we need to do something about obamacare if we are going to make any move onhe other frt. does that mean these talks will be stopped before they are even started? >> i don't think so because obamacare should have been on the table from the beginning because the tax increases it will bring about on january 1st. the biggest most expensive most economic damaging increase in obamacare kicks in january 1st. that is 3.8% surtax on investment income, capital gains and didends that will slow investment which will slow the economy and slow job creation. we're in no position to be slowing the economy and cutting back on jobs with so many americans out of work. gerri: i want to show folks will wee looking at as we go over the fiscal cleft. increase in wages and salaries of 5%.

long term capital gains, 7% qualified dividend. we are looking at massive across-the-board tax hikes that will affect not just your income but the way you invest, the incentive for people to get off of the couch and do anything at all seems to me if it is not removed it certainly is less an it was. >> conservatives want to protect the rich. i could care less about the rich. i don'care foreign buffet is paying less tax or more tax but if we raise taxes on investment will limit opportunitiesor minimum low-income workers. wiki people who are out of wor from going back to the job. we keep people from having a wage increase. that is what the fiscal cliff matters and raising taxes on investment matters and that is why obamacare should be on the table. gerri: thanks focoming on. always a pleasure to have you on the show. the holiday shopping season is here. did you get everything you wanted to take? i have the hottest toys you don't want to miss out on. stay with us. [ abdul-rashid ] i've been working since i was about 16.

you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking

about what's really important here. ♪

gerri: the postal service will begin testing same day delivery starting next month, part of the effort to boost its bottom li. they will team up with major

retailers to begin expedited service starting december 12th but only in san francisco. if successful the program will quickly expand to other major cities including boston, chicago, and new york. the experiment they're calling metro post is projected to generate 10 to $50 million in new revenue over the next year. you have got to ask yourself why are you doing and only now? leak to the party. $15.9 billion annual loss, by comparison fedex chose the $2 milli profit. holiday sales, we're talking holiday shopping, and fedex is doing well, officially kicks off a holiday shopping season so with a look at the hottest toys for your kids or granids is the senior editor for retailing. thanks for coming on the show today. really appreciate it. i want to get to these toys in

the second but let's talk about the best place to buy them online or in the real world? >> they have the in-store opon, those are the big tailers for toys. either way, whenever. what is happening now, this sort of omni channel approach where retailers have an online arm and sales are across the board pretty even. whatever works for you. some people like to touch and feel and some stay home in their pajamas so it depends what you like. gerri: there's a derby here and up power ranger. it is like 1985 all over again. what is going on with the hottest toys and what is it that makes him so popular? >> it is al about retro. i was shocked to see how many were making a resurgence and we have this guitar game that plays withour ipad. with this modern device you're playing an old school game.

the derby and cabbage patch kids, a teenage mutant ninja turtles, these are nostalgia, we went to visit our own childhood when we were buying save for our kids. >> it is more about mom and dad and the kids. i played with all these things when i was a kid and it is fun to have them again. gerri: i want to talk too about tech air when for a second because it is important. people could save a lot of money if they did a little planning with good information. sternly -- what is red laser? >> of mobile apps free for i phone and android and the comparison price comparison, you can go in and say looking for this tv, where can i find it and it will let you know, what retailers have lower prices on that particular item so you are making more informed decisions when you are shopping. gerri: can i ask an in-store? >> some times. the technology is just making its way in. most of the stores are getting up to speed but it won't be 100%. gerri: you have your own apps.

>> it is for when you are out and about shopping, looking for coupons. a lot of them are in store that you n use at the register. we have a brand new iphone apps we are excited about because when you walk into your favorite mall you will be alerted to all sorts of deals that are available. you can turn them off and on, it may save old navy 30% of that you can use at the register, your very well-informed when shopping about. gerri: clipping is another one. is a also a cuban? >> no. it is e computer apps that helps you organize your gift ideas and shopping ideas. you can share your clipboards with specific items with friends and social me and you can set up price alerts. a great weight to be an inform shopper and right at home on your desktop. gerri: i want to go over prices. they fer be is $54 and was much. [talking over each other] >> i was a little shocked at a price that there are a lot of bells and whistles, dances and

talks and engages with you. a little quiet at the moment but prices are there because the technology, the eyes are ltv so he contract you around room. [talking over each other] gerri: at $12.99 at $12. you don't have a lot in you budget for toys. makes a big impact. >> the kids love it. they're watching on tv as well and collecting band playing with their friends. gerri: the atari you have to bring your own ipad but it is $60, the most expensive thing here and i was shocked the cabbage patch dolllmost $45. >> the new baby winwith ls of babies available but it is going to cause the same collecting frenzy that happened before. interesting that they are coming back and making a play for toys again. gerri: last word here. if you are out there and shopping for kids, what do you need to know? what is the best advice you can give? >> never ke a price at face

value. do your homework. use price comparison sites d apps. try to find coupons because there's a lot of savings out there available for everyone. if you take an extra minute to find the lowest price and determine am i going to shop online or in store, but for the lowest price. gerri: thank you. appreciate it. way and on the poll question, where are you findingetter deals? in store or on line? log onto gerri willis.com aad vote on the right side of the screen. will share the result in a few minutes. with the holiday season in full swing america's food giants have decided consumers want to celebrate with something special. weird flavors. the top five companies with weird holiday flavors and i mean weird. number 5, mcdonald's in addition to peppermint mocha coffee drinks pretty standard. mcdonald's also rolling out its mcrib sandwich. comes out everyone's in a while. its own savory breed.

number 4 target's pany line offers several holiday flavor milk's including red velvet, chocolate mint, eggnog and light and not the. i would rather have the real thing. jones soda offered back in 1994 was a turkey and gravy cola. this year they're offering fou holiday soda flavors, a candy cane, gingerbread, pear tree and sugar plum. number 2, chap stick, pucker up, even chad stick venture into the holiday flavor sales, the company will offer three loaded edition olive flavors this year, candy cane, apple cider and one company with the weird as er holiday flavor, be ppared to be grossed out, crinkles. pringle's gat success with new flavors all year round decided to venture out an experiment. pringle is offering holiday flavored chips like candy cane, pumpkin pie, whi chocolate, peppermint and cinnamon and

sugar chips. oh yuck! coming up the dow closing the week above 13,000, the best weekly gain since june. what i is the kind that? my next guest says he is fired up over recent comments that ben bernanke made earlier this week. bernanke made earlier this week. we will tell you all about it want to try to crack it? yeah, at's the way to it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are prou to partner with health care profesonals who understand the difference that quality time with our members can make... thas a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average starating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality

of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ]umana. ♪ gerri: up next the capital gains tax expected to skyrocket as tgd

>> the stock market had a black friday. all averages ended the week with a significant gains. the dow closes above the

13,000 benchmark of 172 n, points. an the nasdaq up 4% ending the longest losing streak in four years. joining me now, us thought, co k that we will remember for a long time? >> it depends what trend you are referring to. the on-again off-again relationship we seem to have with the fiscal collect is probably here to stay. we will probably drive investors mad because there is one day people will save the world is coming and taxes are coming to the sky and a resolution and things will be okay. the reality is somewhere in between which means the market meanders a little higher towards the end of the year but nothing significant. gerri: what you said in your pre interview which was crazy, i couldn't get over it, you say we

overestimated the importance of the fiscal cliff? how is that possible? the average family will have a pretty $500 tax hike if this thing goes through. if we fail to do anything at all this could mean things like an economy killer and market bust. why are you so he enamored of fiscal cliff? >> i don't think that $3,500 hit to the average family is going to happen. i think there will be a deal struck here, eac side is going to have to give a little bit. my take on the fiscal cliff is the notion that is definitely in everybody's had affecting holiday spending but becoming its don't issue. we are blowing iup -- is like the debt ceiling talks we had last year. these all became issues because we made some issues. net net is no good long-term effects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being o tight with their lending.

what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meaning they borrow at the low end of ierest rates and blended out on a long end meaning the consumer will pay off higher interest-rate and bas make the spread. interest rate curve is not even occur but a flat board. and to be a little more conservative with lending and ben bernanke saying no banks, led to everybody to comes to your door. gerri: we saw how well that worked out last time it happened. >> that is one of the problems we had in 2007-2008 and even in

the late 90s and early 2,000s. banks lend to everybody and didn't have a way to make up for the losses we saw so a lot of them failed. that is where ben bernanke's ideas were misplaced. you will look back in history and see that was something that didn't work out. gerri: he is a historian. you would think he could figure it out. thanks for coming on tonight a pleasure having you on the show. come back soon. we will be right back with my $0.02 more and the answer to the question of the day,here are you find a better deal? in store or on line? can i help you?

i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office.

gerri: is officially the holiday shopping season, so where are you finding a better deal? in store or on line? this is what you are posting on my facebook page. fiting the croats traffic and crowds takes its toll. i prefer the comfort of my home

to have a huge variety of goods at my fingertips. bernadette's says what is better than getti a great price with free shipping and you didn't have to leave your easy chair? i can relate to that. we ask on gerri willis.com, 90% said a story, 81% said online. steve wright's the reality is we no longer depend on true american patriots to overcome the masses of those who will want to hand out. in the next four years will get worse. unless some unexpected event changes the direction of a country may god help us. we e on a light note. an audition tape made by the beetles that was rejected by record producer will go up for auction next week. will probably go down as one of the biggest blunders in business history. the record executive decided against signing the beatles because he is widely reported to have said these groups are on