>> you justeard about price spikes coming. j.p. morgan with a familiar. insiders he been buying. >> what do you think emac? >> i don't like. buy it on weakness. it is too high right >> we are in a new year and not sure how people are going to be buying things. walmart is one of those stocks that always seems to do well. >> it was basically had a weak performance in the holiday shopping as all brick and mortar stores about. buy it on weakness. >> i think it is it a great choice. keepn eye on the earning's report. >> should we be concerned with the earnings or buy it now?

>> buy on weakness . then they may pop. s for watching, have a great weekend. ♪ >> forget the rich. d this week's cliff deal throw poor people over the cliff. nonprofits think that folks will think twice about the charity. did the lawmakers punish the poor? i am cheryl casone, and welcome to cashin' n welcome to all of you. i want to start wutracey. did you think the deductions would hurt poor americans. >> i think everything that happened with the cliff would help lower income in particular. but contributions, cheryl,s threshold was lowered and that means more people are going to

not going to deduct things on the schedule a. charitable contributions fall under schedule a. they have beenurt because of the recession to begin with. people pulled back and now, i get we are a charitable nation. but in thepped of the day, you are looking for's deduction . if you are not getting it. you may not write the extra check. >> i am not donate as much in 2012 because of what happened when the fiscal cliff deal. he's one of many who said i will pull back. >> i think what is ignored in all of this is the result of charitable giving. they are people who feel they have obligation are not encouraged by this . the result of wt charities do is the substitute of the government doing it.

it is it a big way to give back to the poor or sick than the federal government. that is it the real problem with i cuts out people who do it best. >> john, this is a figure here coming from the news depigist. 7 billion less in charitable donations. going to these nonprofits because of the fiscal cliff deal. is that too big or small of a number. >> i think the number is more. there is no question in my mind that the so-called deal hurts the poor. not because of charitable deductions. but they raised taxes. 77 percent of the households will see the tax bill. rich get hit. but it means less mon tow give. but less money to invest.

people don't give to charity because of a tax deduction . unfortunately higher taxes hurts the rich and everyone . people who invest and create >> you think it is an unintended consequence of the fiscal cliff. >> i don't think so. mimit u middle class voters are more likely to give a larger share of the income charity and that will not change with the tweak with the cap for higher income folks. >> we'll see strong be number neceary the month of the fiscal cliff negotiation. as why move out of the recession, that will give people more money to give to charity and we'll see it bounce back more than what it wa wh the nonprofit outlets are calling a hair cut in the cap .

remember what the alternatives were, too? extend the bush tax cuts which arguably through us in a economic crisis before to cut and have sequester cut that we have tabled for a couple of months and those people would have needed more. >> but at the same time john, many nonprofits came out in the fiscal cliff debating and the national dialogue . say that we are concerned about it. . it is it made for people over 300. it is it a overall pressure that we had. >> it is it stopping with the ridiculous talking points. if the bush tax cuts were so bad why did you extend them permanently it is it ridiculous to blame the tax cuts and extend them permanently except on maul

margin of upper income earnerings. we have 7 billion out of the 300 billion that are given totally nationwide. they are from private. people want help . i was seeing the greatest charity in the world saw 10s was millions gave my hedge fund managers and far one of the greatest in the world. >> i love that when johnathon is called evil he starts to laugh and smile . >> it makes him feel good. and the facts that the middle class give a higher percentage of the income is relevant. that is it a contribution than the middle class. it is important that the rich keep giving. and the more you tax these pem. they will horde it and send it

over seas because the country is stilling them . comprehend you know unoited carut hasa i did. bilge conference. >> first thing that might go right be seeing i is not goog to and help your deto man you would give mon tow charity? of course you will . it is not just whether you give it or tonight. but people are with in the business of the charity do a better job than federal government does. it is well me. it is people in the middle ass.

and the amount of money that is begin. it is it the top the percent . top three percent out of that 35 percent of the people who give most of the money to charities. it is iting you billion. it helps the poor more than anything. not the money that is begin to them but invested not only to help the poor but country at large. there should be no deductions for charity or green homes and housing. i mean the charity deduction is created in 1917 and get rid of charities and let people keep their money and let them decide who is deserving. it is not the government to decide who is a charity. >> the income tax didn't exist until 1913. give me a break.

>> margey, 65 percent. jason is going to talk about this. >> and they did give money to charities and to art flesh's pointt of giving less . nonprofits's point. we don't know how it is going to be changed and it may go back toashington that they tock away money from people who needed it? >> there are a few thing to look at. people on the bottom. neediest among us . what kind of economic conditions are we creating for them? if we are extending the unearned income . preventing foot cuts to those folks . so folks don't feel they can catch up. they will be extending unemployment fits.

that's an huge part. >> john? >> it is a totally separate issue. it has gotten greater in the decadurped obama and bush . all of the favoring big businesses. that hasn't changed whatsoever. we are talking about charitis and places with huge homicide rates like chicago. american freedom foundation, what you are talking about is charitets running things better thab the government can. they would want to defuse it . government. colleges are helping toupts find body bihaver. that is only e e e e e e

>> what happens in college stays in college or that is the plan. some univeities helping them improve on the internet. it is it mang a boss think about hiring them . he is fine with this, why. and that is what we do. i have a closet full like a cemetery. they are drinking flaming marga ritas. they are. tracey what do you make of that. he's saying there is no accountability in the world anymore. go tos many orgies and start over and it is a virgin.

it is craness. we demand transparency from the employers and the should demand the same out of potential employees. >> twond five companies do go on line searches and they hit facebook looking at these kids before they hire them. where should we draw the line. it is it keeping them coetive. and get your cake stand pictures and employers are going to have to rely on the tactics they used before and back in everyone is acting silly in college. and except for johnson. i can't imagine they needed anything.

they are trying to move to a search engine. it is it there. this is the modern d equivalent . kids today. unfortunately they have youtube moments. i find nothing wrong with that. what is unfortunate. they come out of college and this is it undereducated and in debt. it has to do with the government monop ply edsystem. another issue here. if you have a common name. these images could come up withomeone else. if the employer can't tell it is not you. you will go back. if you are relying on what you pick up.

and internet thing and relying on that to know if you are taking the kid to college. he is the moron and nothe person committing this. what comes to mind i things like bernie madoff. whatould you do about that? budding bernie madoff and you do the investigation and homework and what you do before you let the kid n and pox on you if you can't figure out if he is a bad or good kid. i know they can do that, that is part of college. you can do it every day and no one will ever know. there is it a and given them three paths to screw up. that is it erased. and still in facebook page.

that is another ways. if it is important to you. you will do the digging. it is it the tools. and i do think that anyoung person gets benefits from this kind of a package should be forced to have e-mail etiquette or learn to not apply to yobs by - m. john? >> what about the educational system that encourages them to not get themselves in damaging experiences and documents on line. but think more. it is a solution to help better kid's repitations .

>> -- reputations. >> what do you want to see in the potential hires john? >> i amorried about a person that is motivated. if you don't have a motivated person. hire them to be motivated. you twitter has a lot of people in trouble. employers have to show since, too. these are kids being kids. >> thank you everyone. coming up. america's best days are behind us. that is it what 50 percent of the americans are now saying. what someone here boehner.

we'll have more on america's news headquarters. accident >> take a good look in the rear view mirror. half of americans think that is where america's best days are, behind us. look at history and you will see the best day are ahead, how so? >> i believe we havee torst congress in the history of is country, but we are the same country that invted the telephone and telegraph and first more than on the moon came from this country. we overcame world war, and rld war ii and depression. dc will straighten itself out. >> parents, if you ask them if their kids will have a better life, but the dynamic is it shifting and it is it a stur prize. >> the ideas are wt is

shifting. that's what makes us prosperous. it is not the water that is different in korea or cub a. it is it our freedom and capitalism and individual rights and this makes it a shining example. i fear that sense of life hased and capitalism is seen as evil . freedom is seen as being curtail. until that changes, i worry. >> are we raising a nation of children who believe they will be taken care of or that evil rech person that runsanks. >> that is it an oversimplicati and not what the polls show. they are optmiic about themselves and their own family. that is it true with democratics and republicans and independents . younger people feel optmistic about their lives and what is next for them and what the

future holds. they feel better about where the economy is going. we have had three years of job and stow people are starting to feel better about it. it is it above 8 percent . they are doing great job of getting their lives in order. we are feeling good and feeling bad about what the government is doing. johnathon is it right. i think it is demonized to be a cool entrepreneur. we want a world where our kids can grow up and be the next steve jobs. i don't think it iss gone or dead. but the headlines are not that good.

wayne what would you say. >> they have to get used to a different standard of living. we have live indeed a great period of time . joathon said it is not going to continue. pick up the paper. i read the no times just this past week. there is it a professor in georgetown university. excuse me let me finish. a professor who wants to get rid of the constitution . we have poom teaching in our schools that garbage. you can't be having an educational system that gets rid of the constitution and think tre is it a future in the united states. >> my mom said how great the 50s were and maybe she is marjorie thank you for joining us this week. >> thank you . >> coming up. i hope losing weight is not your new year's resolution. packing on the pounds