phrase i helped to push at alg. >> obama and other decrats need to n the war on successful americans. the plan is more than hate to the rich. >> you understand that obama is the owner of the country financial future. lou: day q4 being with us. baby it is cold outside. staten island knows it because soon they will feel it. bundle up once the temporary housing goes the chance to

feel the season begins. i am neieil cavuto and those senators heaping prae had to know of the fast proaing -- approaching deadline this week a heap of trouble that did not stop politicians from heaping praise on those victims. >> the federal government sponded promptly and decisively. >> response has been robust. >> thank you for being such a strong leader. >> i am grateful f the productive conversations we have had. >> complement our e emergency responders they did an incredible job. neil: bidding aside the idiocy oo these remarks but the incredibly bad timing for thousands of out homes better in hotels and

temporary housing. we hear th a government will take the punch bowl away when the shelter coverage ends despite their prediction from the government hself it may be months before they have a home. it seems sought on after two months it has made no contingency. don't be surprised if the folks to get the help raise a finger in the year. time to clear and how we stop this during the holidays with the greatest crisis we have never known common mayor guiliani. >> e response has not been at good. >> go back to where they did

not have water. i am active with the twin towers fund raing many delivering blankets, water. one day after the nor'easter fema close the office for whether. this is ridiculous and should be extended immediately. neil: the governor of new york has to decide if it is warranted then you get an extension. fema should see e administrative screw up wherthousands are thwn to the streets? >> on septemb 11 george pataki and i sat next to the head o fema to cut out the

bureaucracy not to submit there albany then washgton. the reality is the whole idea of fema is tout the governor should call today and the done by 5:00 this afternoon. then you cut out reaucracy. the president promised us we will cut red tape. you have to do away with it. il: i am not as experienced as you i hear fell out a form. fill out a form. but th next week it is possible the coverag will end. you do not want to add to it

so you are covered through e holidays? >> they should have done it one week ago. >> you are not on top of your emergency. >> administratively it cannot get the job done. the president has to be true.. fable approve or they do the paperwork afterwards. you have all the time to do that. neil: you disagree with chris christie? >> just look how longhis as lingered, ow bad the problems are. with their breezy point, l.i., staten island. i have been there more often than new jersey. it is a slow response.

maybe they can salvage something to get thepeople but coverage the need and permanent housing is held up with bureaucracy pictures co and insurance agents. neil: fema says it is thr fault. >> they always point* fingers you have people very angry after 9/11 you were watching carefully traffic to major you are aware of the most mite issues. >> that is the key. a prlem like this should

you saw they wouldn't built on time. neil: what about those things we do not see? with the response to sandy a is warranted? >> should fema and get mooe money? >> you hate to say nobody wants them to be efficient with their distribution. ne: -- fema needs to look at their mistakes it is dangerous. they have not learned anything. they should get on top of this get the people housing and tell the house are built.

>> you kno because its your home. i am not oblivious. >> why does the administration get pass? >> the story w written a great sponse maybe it was bereday number six it was terrible. number 10 and number 12 there were closing the office. the narrative losses amid tender of a. this should not be the way to respond in the future. we should learn. you always make mistakes but always looked how we cure those for the future. you wonder how much have they fixed? >>

neil: switch gears on the budget impasse talk the fiscal cliff for the brink. many say republicans give away the store. >> if they d they are with tax hikes but no reduction of spending then they give away the store. >> they have to enforce the promise. neil: that makes sense or make it happen when the spending cuts have been. >> t extend the bush tax cut by then they should do all spending cuts simultaneous with each other simpson bowles mak sense

but if they don't happ it is an excuse. neil: it is peppered with good intention of leaders whose say stick to your end of the bargain. >> money has to be on the table. criminal defenseawyers they of front because they dot pay. [laughter] give mmy retainer. you can do when. republicans coulgive on the rate. 37 ha in return when the $1 tllion of spending cuts have been. what d the obama arithmetic that $1 trillion we have already cut.

>> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all inne place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary.

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neil: as if i am n busy enough but this super heroes day is never done after talking to astronauts now trying to get washington to do something has go10 both sides talking for that to

president and speaker john boehner they do not credit me troubling is the lack of follow-through i have to save the world again. >> and i guess i have to talk to the a graphics god what you see is that will stop it on of preside to save humanity but i will report m eigh from the capitain my spandex superhero costum what they look at now thats the two-step process that calls for erred tax hikes now under the threat of another tax hike if they don't borough not snding cuts

but the tax hike. isn't that seestration and in reverse? but nothing is getting done and dancer been on how to get it done the right way. weave video doing all sorts ofhings. i do this before the show to limber up. but yohave to get people in gauge in the process? >> exactly. thank you for handling this for usn beha of the taxpayers. the fact is we sent politicians to do job. th are not communicating or successful to get a deal %-the rules that work in busine or real life to not play out innashington.

neil: if harry reid did that put thsame? he could not do it. you are a big on being the cent but not acting like a child? >> cility is the key. you're not successful unless you have maintained relationship and respect for adversars. they sm intent to demonize and not communicate but speak at the through them. it does not fly. >> when the public rips each other art little is done privately. >>a good point* if th

demonize one another how do fo the connection? >> they used to hang out and have a relationship beyond media or discussions but that seems to be not the crisis -- not the case and is more isolated. neil: see remove people om their ownemons to not aggravate the other side? what republicans do to win nine democrats and vice versa? >> get over they don' deal with the facts. step number one is a own the reality. dot age about the solution but at least that we have a problem and the scope is enormous and getting worse.

by discountinghat you have no where to build from. everyone tries take credit but there is little accountability for results. we think this will wk but let's try it with accountabilities so we know we can track results. >> dot get everythi but if you get enoughou are both winners? >> a conversation and negotiation both have to give-and-take to move forward and present them there to work this out and not grandstand. e country is polarized. no doubt.

we elect them to the best service seris situation. unless they can resolve their issues we cannot resolve hours. neil: speaker boehner d the esident not as good as you. good to see you. rememb him? now a new union phelan is him. scott walker never got the union carers to show up at his house but like cannot tonight they will be sging at his house. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list

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8700 vince descending on the me of one michigander governor tonight. i am told to seeing christmas caro but may not be in the spirit. they are angry for trying to poult a scott walker but he says not true. he once again state workers are right to whether there want to be a union. they don't have to. but they don't see it that way any different than lee scott walker offer to kill the union. who s right? to both guest, at first why the governor? >> they are targeting as an interesting ti passage of right to work laws it is big

to themut important to people in michigan. neil: there is something more sinister? >> even the governor said earlier this year he did not think right to work oua place so even he opposed this. it ds not ke sense. this i a problem for the g.o.p. to stop tax cutn the rich, raise medire a neil: but to say you have a choice you don't have to be inhe union. is your ll. what is wro with that? >> as the unions work for wages if you're not a member

you benefit even though you don't pay the du. this is about killing the few remaining strong unis that blt the middle-class. neil: and what do you think this new benefit with the union does? >> that is how they one negative. they want the privilege to represent evy worker they protect the monopoly privilege then say somehow workers that never our store voter wanted union are forced to pay theee to keep a job. >> should they be held to the standard?

has nothing to do with unions they will discover what of lower nominal increase they see that afforded the private sector workers do nothing. >> that is not the case. the union power dwindles everyday. this is about starting their coffers. neil: whyhould they be unionize? why is it a given everyone be part of a union? if a majority people don't then there is no union neil: i tought you have no choice? >> but if the jority being

represted did not want to me they could vote to leave the union. neil: easier said than done. ny have said it will follow the same trajectory. >> in indiana the results have been fantastic. th is whathe stas need indiana gets it. it will be beneficial to the people of the argument as against those the represent. neil: of south carolina is right to work with 10 percent unemployment.

>> rig to work states have a much better onomic record the tse divorces union. south calina is doing well. they make e wod class airliners private sector job growths being created. >> it is a sneak attack they tried to get this done but i the line. the governor was right when he said it is not appropriate. neil: think you both for your time. getting the nobel peace getting the nobel peace prize and

ally bank. getting the nobel peace prize and why they have a raise your rate cd. tonight our gues thomas sargent nobel laureate in economics, and one of the moscited economts in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally.

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neil: ve time. find me a politician. today collectively patting themselvesn the back accepting the nobel peace prize for keepi thpeace even as your breaks out in a civil war. >> the european union can be a powerful inspiration for many. >> a taped them added distance even as they shld

rescues. >> reader pleased the leadership of three mess. >> jenna napolitano. >> good things. they have made this day number one priority this is number one priority. neil: finger-pointing counterpartsrying to get a deal done to avoid the cliff as they blame the other side abt not getting serious. is is not a progress rert, the white house has wasted another week. >> this is the same republican leadership that -- session rely a day. barely a fullay this week. il: so many self-satisfied bureaucrats, so little time, has the whole world run out of time but have the leaders of their mines? we're getting a twoor-one

freebie. a congressman insisting tt fema is doing a heck of a job that takes prize it was cluelessness, the issue is politicianut, too busy patting themselves on the back, to not realize what they really deserve is a good swi kick i the ass. david with more. >> thank you, let's start with nobel peace prize, that reminds me of barack obama getting a peace prize before he had done anythi, except win an election, and yasser arafat, and al gore, they say live as i say, not as i live, they live the royal life, and spread cake

crumbs out there. neil: this takes the cake. we're giving ourselves a prize. >>inning nobel peace prize no longer has anythingo do with peace, or prosperity, it depends on how much you wanto beat up on the united states or our life styles, if you are willing to do, that well then you deserve the peace prize, these folks are living the royal life, what does bloomberg know about what is happening in rockville center with regard to fa. i was out there last week, people there is aking, whe is fema, they have no clue, they want to regulate our lives, all of these bureaucrats, whether the european or mayor bombergs who tell us how mh salt they want us to eat.

neil if george bush were guilty of se sort of detachment, the press would be all over him, they were, but not now, not he. friends of the media. befo it was liberals and media who were attacking bush, it is not liberals and media work not who are not attacking obama how cld anyone look at a nel pee prizeith a straight face when it gets t yasser arafat. neil: a goodoint. >> thiss a joke, almost a discredie to be given the number old peace prize, there were times whether people like mother teresa, and. it stands for a hit against u.s., or hit gain values we told deep, if i is politically correct they are fine, if it is not forget it. neil: so mh for that nobel

prize for me. >> neither one of us will get it. neil: klein is bing, -- china is buying, this is getting inne. >> we mean it, santa knows, prices a

neil: those predicts within 50 years china cou be premiere fincial economic giant, they have moved it to 20 years, and it is getting less and less time as we speak, so within 20 years, china eclipses us as the financial juggernaut of the world, carlos gutierrez, what do you make of that? >> they reduced growth rate to about 5% of out years, they must be making low assumions about

u.s. growth rate, but this is a wake-up call we have to be thinking about the future, for some reason, the report talks about a governnnce gap. think we have a political crisis that stems from the fact that we can't seem to -- to look forward, we're always solvi yesterday's problem or today's crisis, but we have to start looking to the future, we have an immigration system that dates back to the '50s we're not openg new traderket. you know we're just -- our energy we could have energy independence 202 we should be running full speed aad. neil: ts adminisation said ey are addressing and looking at at future, and looking at sor and green technologies that chinese are buying up.

including om rescued and supported by us, china buys its way into the technologies, even copies, and buys our companies that are doing it but if we don't show the same for every or, our government, -- fervor, our government we'll be behind the 8 ball, what do you make of that? >> solar and wind is not enough, the chine had our rerves of natural gas,nd our reserves of shale oil they would be all over it, we have the opportunity to become the saudi arabia of natural gas by 2020. i don't see the urgency. i don't see the thrust coming from government to open our federal land to i incentivize production, we're not doing what we need to be doing. ne: i think we're getting cocko it, i mean, on right and left, wre at a standoff with

each other ourselves and the chinese. they need as much as we need them. and tt because of that, because we need them to keep buying our debt or supporting the debt they own, they nd to us keep buying stuff they make we have a fortunately beneficial i don't know tony sopranono pact with them. >> we have furer opportunities with china, the chise companies, and chinese governmentstate own enterprise they have made it a pot to go global, that their next wave of growth. that is aot of money they will be investing and making acquisitions and greenfield sites, we should do all we can to make sure as much of that money comes here but higher taxing and more regulation we impose on business, the more we scare them away, and more they

go to different countries,. neil: secretary alway good to see you thank you. >> thank you appreciat it. neil: think about ts, we bailed them out, now doling out hajj buc to its -- huge bucks to its workers. what the quasi government agencies are doing. agencies are doing. it will make you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only wayo get a holiday deais 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 shiing at fedex office. [ male announcer ] break from the holiday stress i ha obligations. cute tobligations, but oblatio.oming.

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neil: fannie m and freddieac with a bailout, n their workers get a pay out. they take homeore than $200 grand a year. cato's dan mitchell said that, they should be hut down, this

is outrage you on, sandra smith, joining us as you well, she does not have quite the same view. >> fannie and freddie a like dracula and the werewolf, they brought a lot of destruction but theyave been brought to their knees, we can drive a stake through their heart, instead we give them huge amounts of money. i'm sure a lot are highly trained and expert people but get them out of the government, and get them into private sectors. neil: sandra. >> you have to pay t play. we have already bailed them out, why would you want to asksk peoe to do things for free, you do

pay for talent. we don't get everything for free. neil: what if they are not delivering? >> what are we going to do? do away with fannie and freddie. neil: it isn ia. >> it is. but it is a reality considering the administration we have in plac right now. not a chance, so, these companies right now, in the housing market, that is still at its botto play a central role, if you do away with them you would see the motorrage rates skyrocket. neil: like, en dentured servants to these guys. >> you could say that. you want them to retain and attract t talent, we've already given them the tax money. we want the housing market to

thrive here. neil: they account for bulk of mortgages out there. as many as 9 out of 10. so, you have to keep them vibrant and keep the workers who havehe skills there. >> but that is just the point, i don't want the federal government subsidizing ortgages, we should have learned last decade, that is a big mistake to havehe government intervene by trying to help us with our homes. neil: wt would you do? say, fannie, see y? >> i agree with other guest, obama was o of the biggest recipien of campaign coribution from fannie and freddie when he was senator, they will not be shut dunn while he in the white house, but let's do everything we can to, kp them as small as possible, not let them grow back to the malig

malignant entities they were. it does offense me as a taxpayer to see these people get these generous salaries courtesy, from uncle sam in order to do bad things, we should not subsidize housing, period. neil: when ben took over aig, he instituted higher pay, he did turn a lot of things around. so, there is something to said but aig is one thing, fannie and freddie? >> i would be more offended as a taxpayer after this rescue of the company, if the housing market does worse than it was. but, one other thing weould look at without talkso talking about doing away are fannie and -- awayith fannie and freddie, is address the rulators, this

is a choic one that is already being discussed. they are ones that capped sary, at fannie and freddie, they are the ones that regulate and they are oversight of the companies rit now, why not maybe dress that situation, they could be the root of the problem. neil: there could be too man people working there -- too many people period working there. >> you -- se point, you have to got to let the peopl working out the fms takeover, and you can't have the government have too any hands in there, as we've seen in the past -- that does not work. neil: your point is there are too many people at entity of fannie and freddie right now, leaving aside the government sticking its nose in. >> i am more than happy to l people get whatever amount of pay their talents will bring to th, assing i'm not the one involuntarily paying for them, when you have subsidized, bailed you on, crony capitalist

contraptions like fannie mae and freddfreddie mac. i don'top subsidize for rich people, and i don't want to miss alcoa kate capital in our economy, whether you lk at this from north, south, east, west, fannie and freddie never should have been creat, now that we know how much damage they do, they -- the state should be in tir heart, put them in a led coffin, 6 feet under the ground, covered with concrete, and then -- >> i get it. >> got it. neil: there is an argument he made that for all these guys, all this money they had a heck of a record tohow for it. >> yes, but they have also attrted new talent, you have to retain thehem, we're talking bay competitive environment. the level of top talent is very competitive right now. so for government to step in and say, regulate the, and say, we're not going to allow you to

spend how you need to spend, this company has responded, i wrote down the quote, it is quit critical for our company to pay the competitive salaries to retain the workers they have, why rescue the company if you are not going to allow them to do what they need to do. >> don't rescue the company. >> it has already bn done. >> don't throw gd money after bad, if they are talented, go to the private sector. neil: good pnts all, yes, rumors are true, dc i'm coming for you, yes, how i will defeat our deficit, i've been busy, i have to save the country behides have to sathe boys usery behides capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder.

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neil: of three agoura cliff a countdown is on. twitter looks for a hero to sam. d somehow how to fix the mess. >> neil is a super hero. the problems will be fixed. you cannot say bus. there are to many idiots. >> just be your charming self. trying to fix the cliff. despite showin up your the bomb. we are facing the cliff. i take it upon myself not just to be a good reader but talk to the tronauts and i want to fly around the capital.