>> such postulated wealth in the hands of a few, are they supposed to distribute the wealth? >> that is not how it worked under hugo chavez. >> we used to watch the mountains move from the property, the mountains are so ving under the leadership nothing fundamentally has changed. the country doesn't need that kind of army, that is all. lou: california comes up again, the california teachers association which we were told last month is investing in a that manufacturers. it is almost doubles the reports of five years and they are enjoying it. >> state largely insolvent like the state of california finds no fiscal interest to invest in gun stocks doing incredibly well under this president, barack obama is the greatest gun

salesman this country has ever seen. lou: had to point out rand paul is in his ninth hour filibuster in the process of the cia director to be, john brennan. your thoughts if you will of the bipartisan. >> nothing will be accomplished. the way to claim he cares more about bipartisanship than caving and giving an inch. lou: okay, all right. >> i am not optimistic. lou: thank you. that is it for us tonight, please join us tomorrow. he wants a tax-free state, and he is moving to get that done. michael hollander talks about the good times on wall street and the country itself.

we will see you good night from new york. neil: are you getting some tax back from uncle sam? you will have to wait the latest sequencer. you owe tax dough to uncle sam? you better pay now, don't even try to blame the sequester. welcome, everybody, i am ill "cavuto" and here is what is getting weird on the whole sequester thing. it is becoming too much of a selected thing. you want the white house, you can't. he wants t want to get into anyf our national parks, good luck, sequester. your blood pressure shooting up because janet napolitano will make good on the threat to cut the tsa agents, you're not alone. sequestered. but the health care tax is kicking in this year, we are still on. when it comes inconveniencing you, the government has no

problem. when it comes inconveniencing the government getting money from you, uncle sam has a very big problem. leaving aside the selective sequestration rage, where's thee rage over the games? chill, uncle sam coming from you, don't even think about it. had enough of it? the armageddon warning that didn't pan out, you're not alone. the white house has the gall to say we will do everything we want to do, we will pick and choose what you get to do. tonight's question, exactly who works for whom? what is it about the tax man, does he ever take off? i'm not talking about the guy who is supposed to give you money, the guy who works 24/7 making sure you give him money. amazing, just amazing.

>> yeah, absolutely. the governme has called off today, federal workers can stay home because of an elected snowstorm. there is definitely no snow on the ground. neil: it could be. >> in fairness they got a couple of inches in northern virginia and maryland, so i hear. but d.c. had no problem letting federal workers take the day off because of this alleged snowstorm. neil: here we go again. a propensity on the part of the government to say we might inconvenience you, but you better not inconvenience us getting your tax payment in late or think you can delay the healthealth care related taxes kicking in now. >> the hysteria about the snow here in d.c. is like the hysteria over the sequestration. it happened, and so far the sky

is not falling. reality is the cuts here in washington means we will spend less than we originally planned on spending so yesterday the senator pointed out this year we're going to have to spend $85 billion less, in washington that is pretty much pocket chan because that is the amount the federal government borrows just about every month so the real crisis is the national debt. we are concerned about the waiting at the airports and that is not happening yet. neil: we take no light of the defense-related contractors who will be furloughed through this process, but the fact of the matter is in the vast scheme of things, in a 16 plus trillion dollars debt, certain cuts have to be made into these are considered such, i think they are bare rounding errors on rounding errors.

so here we are again the government is saying we will cut back on the white house, maybe shut down the national park, but you american taxpayers better get your money in here fast. >> this is the dirty secret of sequester. massive cuts congress doesn't have the guts to pass on their own. dating back to now almost a year ago. i don't know how much it cost to keep the white house tour going on the weekend, but that is a sore point for members of congress because you get a white house tour, have to go through your members of congress. they went through the senator in indiana. now the president has done, he has forced members of congress to deliver the bad news and say no to these families who probably spent a couple of weeks planning a trip to washington, d.c., looking for their tour of the east wing. neil: i thought that was tacky

to say nothing of the fact it is something you get through your local congressman, senator. that just was an arbitrartype thing and i think the president doesn't like people taking trips through the white house, he should'vshould have come out and that. it is arbitrary to issue these cuts. i think has put the administration in a bit of a box because any other week it would have been crawling about this hitting one record after another, and now it can't really brag about it because none of this is supposed to happen. so-called sequestration hell week. >> this could have been avoided, this was an automatic backstop against what they thought the other side would surrender on. there was no surrender, so here we are post sequestration, the politics of blame in the white house strategy on this is about the same white house

strategy on everything. manufactured crisis and blame republicans. what we are seeing now, comes the griffin's office posted this online. the obama administration instructed some federal agencies listen, our position on sequestration is this is gng to hurt, so you better make it hurt neil: the people not familiar with this, the workers had said how do i lessen the blow. just cut into the chase. saying don't lessen the blow. it is amazing. ladies, thank you both very much. >> thank you. neil: after warnings of the automatic spending cuts, not only did the market not crash, it had been hitting high after high. hitting another one today. the ite house is kind of brushing it off. >> i don't comment on the market.

neil: that doesn't make sense because a few weeks ago he had this to say about republicans. >> as a result t flirtation with default, the stock market plummeted. neil: i ought to. it is ignoring the stock market when it does not help. sandra smith and why the president is ignoring it. what is odd about this is any other time they would be crowing about this. the president should. whether he should take credit for it or not. he is in this cundrum where he can't, so it is weird, that is all i am saying. >> he said this in the white house press briefing and in a way continued on to actually say that we would be much higher in the stock market or unemployment would be much lower, jobs growth would be greater if the republicans

weren't in the way. so he did kind of expandnded gon every citizen comment on the markets. but come on, let's look at the fake picture here, they have been telng investors the worst-case scenario will happen, the sun will not rise saturday morning and it did. when the interest rates are still at record lows, they will go to the stock market and wheny wake up and things are okay, they go back to the stock market. neil: and you don't get your way to try to force a scenario where you can and where you do. his e-mail we were discussing from an agricultural department employee who tried to convey or lessen the blow, that is quickly say not so fast, we have been following you. remember what we said about the cuts being severe. let's all read from the same choir book. the president could infect, or the white house or the

administration were generally forced, on the economy, needlessly, unnecessarily. >> as a father of five daughters, this is the women and children last theory of governing. y to cause as much pain they inflict as much pain as is possible. if you look at this organizing for america former obama for america nonprofit organizations, talking 70,000 kids not being enrolled in head start, firing 10,000 teachers across the country. come on, this i$0.02 on the dollar. the federal government will spend more this year even with the sequester than it did the previous year. most people in the country had to tighten their belts and spend less in the rough economy, so there is a chhnce to walk out of the sequester confrontation with the american peoplesaying it is about time washington did what

we are all having to do, taken our belt. neil: 2% at a minimum left out of their paycheck. they have had to cut back. the government wasn't required to cut back, actually barely half that amount and they are whining. >> and speaking of that, we don't even know what the stock market effect will be when everybody saw their paycheck shrink. that was a big part of the uncertain picture, but the bottom line, neil, investors at this point who missed out on the rally in 2012 are in there now. they've got to get themselves in there. it is almost like the consumer, they are just tuning out washington and all of this fear mongering because they are responsible for their money and they've got to do something. neil: all of this snow and the threat of snow, don't you think

that's never would have happened if we didn't have sequestration? >> obama is a powerful man, i'm just not sure if he is that powerful. he will find out he's not nearly as powerful as he thought he was. neil: we will see, we will see. thank you both very, very much. before paul ryan's budget comes out, people are freaking out, and onceagain crocode tears out. crying over ryan tmake sure nothing is cut. nothing is cut. and more. this is $100,000. nothing is cut. and more. we asked total strangers to watch it for us.

thank you so much. i appreciate it. 'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a strger, you need an ally. ally bank. your money nee an ly.

neil: you know, i'm beginning to think paul ryan has a martyr complex. after getting ripped apart for saying it is time to look at entitlements and having the nerve to come up with a plan to do so, he is at it again. proving he's a clinton for punishment or actually concerned about our country.

the planet has him howling and what they should be doing to respond. here to do just that, christie. what does he do? >> what does he do. when he was making certain promises during the campaign, that went along with it he and romney won. now he still has a job to do. we definitely have to look at entitlements and he is just trying to do his job. he is stuck with obama as a president, so he has to work under obama's regime, if we will. so therefore i think his comments thus r saying obama did his first i hav had to do ag with it, they put in a very tough place. neil: i'm looking at what he is opposing when sh comes to shove in the aggregate he wants to shape the growth of medicare by about 2% over 10 years.

medicare will be a lot larger and gger than it is today. 2% growth in the program. he is not stopping anything. >> we suspect his plan will look like it did before. one of thone other way to achiee savings of the growth savings is that it shifts the risk onto seniors, that is something that is unacceptable. neil: how is it doing that? >> when you give people a premium support, you subject them to cost that may rise beyond the ability of those premiums to be paid. that is a fundamental change in the way we deliver that program. neil: isn't the president playing that same game? isn't that what the president is doing using medicare to fund his >> no, president obama is just

simply taking monesavings from not overpaying for medicare advantage. you will know we have 14% more for medicare advantage than we do for traditional medicare. neil: we are paying more for health care right now and the cost of the law itself is higher than it was billed. >> let's take a look at the medicare advantage piece i am taught me about. why does it make any fiscal sense? pay 14% more for the same level of service, that is just a fundamental budgetary issue. neil: i always see they both seem to recognize the administration and paul ryan needed to rein in grow of medicare. theye of the beholder of who's o is doing the job and who is not. i justee a lot of shifting going around whether americans step back from this and say the

ryan ship makes sense, what say you? >> it is a terrible thing being in ryan's shoes right now because the media is going attack what he is coming up with and organizing for action obama's new group, rallied the seniors, demonize this like throwing the meat to the sharks. you will see a massive fight, and yet when you look at the reality, we all recognize we have to do major changes in entitlement and medicare reform. neil: every time someone does, they are jack the ripper. what i'm asking is let's say you can be looking at this. if somebody comes out of the te republican or democrat with an idea to rein in entitlement

growth in, bring it in a little bit and being an evil grandma killing freak, what is going to behoove anyone to come out and do anything? >> readership is never popular in the onset historically speaking, we have to cut entitlements, answer to the deficit and we will not continue to see the market at all-time high if we do not answer the spending issue, so where do we start entitlements? i have never seen him not do something he came back with numbers, so we all have to wait and see. neil: the ryan plan even the first whisperings of it wasn't backed by republicans like it wasn't last time, so i am wondering the last attempt to be brave is created by the same cynicism and almost third rail paranoia last time. >> i agree with you anyone who

poses any kind of change to a system, other folks find a way to get it to their advantage. that speaks of our political dysfunction. neil: that would just say whether we like it or not, medicare as it is going now cannot be sustained. whether that means we will change it, raising the retirement age is instantly right now, but we have to recognize the fact the way it is going now, it isn't sustainable now. instead every slight effort is created agreeted as you're pushf the cliff. my point is why do we do this? >> we keep doing it, you know i am a serious person, i want to solve the problem and there is room for the ryan perspective

and a different perspective to actually meet the compromise. let's not excuse being brave for being right. people want to assume paul ryan being "rages," it is the right thing to do. that is where i would explain. neil: we will have you back later in the show. global warming hearing today was canceled. by snow. the weather man who says the joke is on the climate change alarmists because he says the whole thing is made up. ♪

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uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hey baby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the best you got? now if you put this, with this, you have a sailboat. what's in your wallet?

neil: you know, sequestration cuts did not close government offices today, snow d did. just the threat of snow did. a strong snowstorm was supposed to hit washington today, forcing cancellation of a meeting on global warming of all things. apparently even snow. meteorologist says they are dead wrong, other things are going on, but not global warming. what is really going on? >> first of all, this storm is just les lasting the daylights t of the jersey coast, delaware, maryland. we want to make sure people know it will be very rough and in southeast will get a pretty good snowstorm. they had 20 inches of snow west of d.c. what is going on with this situion? back in 1988 when all this

started, they threw open the windows in congress, turned off all the air-conditioning and the big heat wave of '88 and had the global warming conference. guys like me get a kick out of copenhagen, they've moved it to cancun, couple of weeks ago the president was down golfing with tiger ods, they were protesting in washington. you really can't associate global coong with things like that. neil: they are arguing this is all part of the same man-made disaster. what do you think? >> if i wanted to be disingenuous like this, this is a sign of global cooling. you come out and you want a conference, mother nature says bye-bye. what is a sign things are changing around much like the 1950s when the oceanic cycles

began to shift is what is going on in europe, the fifth cold winter in europe, in the far east, alaska going on and guys like me who researched the weather say wait a minute, how come these people don't even go and look at this. you take the senator from rhode land, yelling and screaming about how things are worse than they were. it is like he does not even know his state's history. there were seven or eight great hurricanes up the eastern seaboard in the 1950s. neil: i know as a kid severely bad snowstorms. at is it? >> it is the carbon dioxide playing a small role in the global temperature. the blanket we need to raise the earth's temperature from minus

15 celsius up to 18 degrees celsius, co2 is worth about .02 degrees celsius. major controls it. when you look at the actual numbers, 1000 times that of air, carbon dioxide 1400th of the greenhouse gases, they say how did it get this way? if you read the book and you're from new jersey and you love the weher you want to study climate, read the book, you can she would have been i-indi in te '20s and '30s. the great 1950 storm of the eastern seaboard wasn't a hurricane, don't 2 feet of snow, we had 100iles per hour wind that drove boats in staten island a mile and a half west through the swamps. if you build houses where they used to be swamps, what do you think happens when sandy comes

along? either they don't know the history of the weather, or they do kw it and rely on the low information public to get their message across. that is what i believe is going on. neil: joseph, always a pleasure, thank you. >> thank you for having me. neil: are they winning the real war on something bigger? former governor next unless t

neil: after getting knocked for a loop and republicans look like they are loaded on taxes. back with an undeniable bigwig, warning the devastation of the economy, proving the economy could take the cuts in the market wouldn't miss a beat. record days in a row. governor of new hampshire says it is a sign maybe this keeps up the grand old party. always great to have you, how are you doing? >> it is great to be here. neil: i am no weather guy, but i remember as a kid the massive snowstorms and nobody was piping up about global warming then. that was then, this is now. what do you make of republicans?

the president tried to save the cuts go through, cuts he came up with, they called the bluff, i took the heat, they took the nonstop parading press, life goes on, the markets hit the records. looks like a win. >> it is more of a loss for the president than just a win for the republicans. the president got caught saying it wasn't his idea and woodward pointed out that is not true. neil: woodward also revealed tax hikes shouldn't be a part of this was also the president's discussion. i wanted to get that out. >> the second piece of untruth that came from the president, he said the world was going to end, and the world has not ended. he says there was no flexibility. there was a great article

talking about all the possibities he has under sequester. if there are problems in sequesterin thesequester, it ise president and his people did not know how to erate within the budget rules that exist. if tsa guys get laid off or lose their overtime, it is the president'presidents fault, noty else's fault and in the long run this president will find out that his string is starting to unravel. neil: in a way having a handy excuse in your back pocket is a handy excuse when things h a tight air pocket. he can pnt tothe next week number, or just take it and say that is sequestration, it is not on me. >> interesting call by rasmussen today that 2:woone the american public is afraid there will not be enough spending cuts, they won't begin to solve the problem with enough spending cuts and by the same 2:1, verify the

president will have too many tax increases, so all of a sudden the message is starting to get out there. as soon as the public arts registering with this kind of rationality, this president is in trouble. neil: it can only cry wolf so many times before people say wait a second, you just cried wolf before. i talked to a number of people, very big supporters who say he really did frighten you know what out of us. so far it doesn't seem to be panning out. you can lose a lot of credibility warning about armageddon, it better happen because if it doesn't, you look compromised. >> once they realize the emperor has no clothes, the emperor is in trouble. and this stuff with the budget is beginning to be paid attention to. for a long time the public to vote for the president said at

his word, not that people understand there is a large streak of untruth in everything he has been saying, they will pay more and more attention. when that happens, the republicans will begin to see a president, i think, at that point may be willing to truly negotiate. his style of negotiating is to pull an ultimatum on the table and say take it or leave it. a president who understood how important it was to get a real budget for the american economy so they would be some faith in the financial system and it takes a lot of hard work, a lot of give and take, and a president willing to lead. george herbert walker bush was willing to lead and took the penalty. this president doesn't even know how to lead from behind. neil: it was that experience that said don't trust democrats to make a promise, they never materialize. >> that is part of the problem.

there is no need to have future promises on spending cuts, we can have spending cuts now. put them on the table, mr. president, lead like a president ought to lead, negotiate a real package. he has been afraid to put a budget through for four years. there is a reason the president and senate immigrants have not had a budget. it is because they know a real budget requires them to accept some reductions in spending on entitlement and requires them to accept some reduction in what was perceived as increasing dependency in the electorate and they don't want to do that. neil: once put on paperit is there for the world to read, you're right. >> it is hard to lie when it is on paper. th is what they have found is the formula. neil: governor, thank you again. the head of homeland security is warning about this.

>> if you're traveling, gets the airport earlier. >> 150-200% as long as we would normally expect. we would see a lot of missed connection. it would not be able to pay tsa workers overtime, not trying to alarm you. neil: you would be lucky to land alive. what janet napolitano is not talking about it's even scarier than that.

♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances together with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. neil: runaway sequester threats and runaway illegals. our next guest uncovered documents showing the immigration folks releasing 5000 more illegals and blamed it on sequester. by the way, cuts thaa haven't even formally taken place. janet napolitano's department of

homeland security and janet napolitano denying any responsibility. chairman of the committee investigating it, what can you tell us, what did you find out? >> we found out long before this even happened, they were planning and doing it and winning the sequester. we found the documents provided to us showing they want to release a total of 5000 it appears they already released 2000 thieves, people who committed fraud, charged with more serious crimes, proceedings and should be deported from the country instead released onto the streets and attempting to scare the american people into thinking it is because of sequestration would actually found three or for other ways to keep it locked up. there are 3000 below that right now anyway, so they are not

using all the funds allocated for this, second we found other grant programs that could be easily diverted and used to keep criminals that are supposed to be scheduled to be deported cap lock up rather than released out on the streets. neil: is it fair to say a lot o they were dangerous, kind of the rap we were getting. >> they're guilty of criminal offenses and some of them information we have is they are charged with more serious criminal offenses than theft and fraud is bad enough, don't want those people in the streets, but more serious crimes getting released in the ven't even been brought to trial yet. neil: to that statement, with sequestration in effect, continuing to manage that the

focus is on serious offenders and others that opposed a threat to public safety. as you know, a lot of these releases if you will are going to effect long before the cuts even came up. so i amondering if there is something else at play, what do you think? >> i think they have been wanting to do this. they don't like enforcing the immigration laws, which is a serious problem in the congress, judiciary committee hard at work trying to find solutions to the broken immigration system we have, and one of those solutions has got to be how we enforce our immigration laws in the future like we haven't enforced them in the past and in the midst of that discussion up to 2000 scheduled for 5000 folks who are

not just here illegally in the country, but have fit into the category of people who should be deported. had to have committed a serious crime to begin with in orde ando be put into deportation. the whole confidence we did something here they would carry out the loss. neil: the argument was that it would be cheaper monitored to keep track of these guys, then it would be to keep them incarcerated or wherever they were. i can't believe that. if you have someone monitoring thousands of illegals out on the street, that has got to be a lot more expensive than keeping them all in one or several places, has got to be. >> neil, you're absolutely right. even leaving that expense aside, they have the resources to keep them incarcerated while

deportation is being processed, and if they want to save money, they should be focused on extraditinexpediting that proce. neil: you just hit on it. the point. thank you very much. >> thank you, neil. neil: while the government is turning illegals lose, the guy who is turning cons into moneymaking prowess. >> we told them in the beginning of the program they would be asked to create and develop a business that involved their personal passion. personal passion. >> most of us will get out. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance

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>> the name of my business is mobile credit. remember thinking how cool would a barber shop even had a younger vibe to it. >> i play guitar, he plays bass. for the last 18 years my tone has been locked away for nobody to hear. >> have found my identity. neil: you still think there is no good news out there? the venture capital working with prisoners teaching them career skills to survive on the outside. he says it is good for society, good for taxpayers. and it will save a whole lot of money, maybe billions. i read about this all aittle bit, but my goodness, if you can just reverse the nine out of 10 that return to the slammer after getting released from the

slammer, it is to everyone's benefit, but what are you doing here and how are you doing it? >> we're working with a select group of men that will prepar themselves for life afr their release. we go through a curriculum that teaches them about technology, business, and really about being anin a door. that will lead them starting their own business or been confidenbeingconfident about won an existing business. neil: i don't know if you personally are the one who does it, but how do you select the prisoners with whom you're going to work and who you are going to educate? >> we go through a pretty rigorous process. all the men in the process have been through a variety of programs where we currently have the program, they are also enrolled or graduated through the university, a two-year college program.

weo through several interviews, written exercise, and the candidates are approved by the present administration. neil: who funds all of this? >> right now it is funded by us. we are committed to make this happen. it is currently in san quentin, but we want to take this to a variety of other jurisdictions within california and outside of california. right now we are funding it ourselves. neil: why are you doing this? >> a few reasons. i was really struck by the economics, the cost of incarceration certain within california and within our country. frankly before i got involved, i really was not that well-versed in what the challenges are, but when you think about the cost of an incarceration of an individual on an annual basis $50,000 per year, i think you

mentioned before the rates upwards of 60 plus percent. it is a system that is not necessarily working for rehabilitation, and we really felt there was something we could do. what we do in our day jobs, we are venture capitalists, we have an accelerator in san francisco that we work with aspiring entrepreneurs. could we take what we do everyday in our business and translate that into prison and re-create that? it was an experiment that has worked, it has resonated inside with the business community, potential employers so it has been pretty incredible for us. neil: incredible for a lot of folks, but it confirms we all have some good in us. the generosity and the spirits to help bring it out. continued success with this, it is a great thing you are doing.

thank you. >> thank you. neil: forget about whether investors keep buying. so let's break down this play. charles? uh, charles couldn't make it. his single miles card blacked him out re and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hey baby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the best you got? now if you put this, with this, you have a sailboat. what's in your wallet? you have a sailboat. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business.

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fight for your mobility. visit anationinmotion.org. a message from the american academy of orthopaedic surgeons. >> this fox business alert. attention, shoppers. where are you? could be signaling this palm market. could be sputtering out. retail sales slowed. batman below expectations. closing of the 20 stores this year. people are in no mood to shop. not after these recent tax hikes. you're not surprised by this, but alive means of broad face this is. >> anytime you have a change in trend you're always going to have the first drop. you're looking for this for sure because we know historically spending cuts and tax hikes do

put pressure on the consumer. they going to stop going to the mom before they sell there stock? of course they are. now we know that some of these economic problems and have some problems are coming. markets and an all-time high but responsible fiscal and market traders are watching thafirst year to drop because we do have issues. it is a first shoe dropped. retail sales. the consumer runs the economy ultimately. lisa to see the personal income ing allocated differently. it could signal a reversal. neil: the fact of the matter is that markets climb a wall of war rienzi past bumps along the way. the point so overall retail sales still up over what they were one year ago. bumps along the way, but steady as she goes from here. what do you think that? >> you know what, we have a situatio where the stock market is going up because there is no other alternative for investors. you have this massive money comingn from the reserve system. go to a mall, you will find that they are screaming deals out

there. they have the discount. they're scrambling to get any money in that they can. and when the consumer starts realizing that they are running out of credit on their credit card because they have less pay. they take a look and see that there bank account is going down. you're going to see a greater contraction. you cannot create prosperity by taking more money out of the consumer. you have got to be able to lower taxes, business as well as december's to get this economy going again. neil: it is, is it not, that this slowdown in consumer spending dovetails rather nicely with his payroll tax returning. >> yes, but it is now really a slowdown. is just a slight reduction over what the targets work. it is still of year-over-year. this is still. neil: the massive american eagle to shut down a row of stores. enough. not enough for both things have happened to abercrombie and

fitch because too many good-looking people there. stop it. they are all saying the same thing. >> if you get into the numbers, you know, there are a lot of retailers are up. american eagle and is planned as a reducing the number of stores last year. they were still able to the return higher profits, you know, 2012 than the year before. but this -- neil: isn't the issue with their morning about, seeing, pointing to the slowdown of consumer retrenching, is in debt, francis, the war? >> i think that is the worry. absolutely anything that is the word because i think we do have some looming issues that are taking precedence historically. we are all waiting to see how this is going to play out with these deficits and these tax hikes and spending cuts because we know that spending cuts and tax hikes reduce liquidity which we no harm the consumer. i think there being prudent and the