will up the market. >> bull or bear. >> i am a bear on that. >> and on the market. you can be very bullish. neal casuto, take it away. >> demanding more stimulus, not from this guy. but this guy. this was all about stocks shooting higher midweek on hopes that ben bernanke would ofer more stimulus. when he offered no hint stocks fell back. and smart money and needs more stimulus . some at forbes said that will make the economy worse. who is right. i am here with the flip side. victoria barrett and elizabeth mcdonald. and morgan and mike, do we need more stimulus? >> no, stimulus killed the recovery. investment had shrunk two

consectative quarters in this country. and vice-president biden said any months now we'll create 250,000 to 500,000 jobs a month. we created on average 188,000 jobs . president obama said back then that the economy was going to grow at 3.28 percent. he was off 50 percent and only 1.5 percent. >> federal reserve over the past four years since obama came in power printed 2.5 trillion dollars and it doesn't seem to have helped much. look at the original bail outs that occurred and probably troubled or tripled that amount of money in the economy. what we have done is avert a great depression. it would be growing a lot faster.

mike is saying. if it is exiting it would be a super power. we went in the other direction. and we are off by four percent. it is hurting -- facing microscopic deposits. >> do we need more stimulus or not. i was watching the tape of the show. i can't get enough of elizabeth mcdonald. and all of you were talking about how the most important thing we have jobs and jobs now. so don't you know that this week, university of chicago business school releases the survey and what did they say 93 percent of them agreed that

the stimulus not only created an enormous number of jobs but saved us from a much worse economy. we need more. >> and it was economicist that got us into the mess. >> i think we should be asking them, too, rick. i looked at something that economist can't aagree. you apply multipliers and you do these odd gimmicky things. the bottom line is that american people are smarter and if you do stimulus and pump money in the system we pay for it later. can or you are punishing favorites. it is not what it used to be. >> morgan doesn't cheat money.

it is making money from our pockets. and that is no good. there is a case of would of, should be could of. and it is another recession. we are continuing to spend. i do think we need it and going back to the report. i have seen a lot of reports that showed that the stimulus was effective. and they are maintained or added 3. million. one at a time. emac. >> it is a big story by the white house that they are creating jobs. we have net jobs loss since white house took the office it

is bad economic policies coming out of the washington d.c. and we are throwing money at bad companies. for example gm has been destroying shareholder capitol for decades. let morgan get her word in. look at gdp rate. we had a lack lust yer the big season for that, we have seen government spending cut down wall street seems to love the stimulus whether from the federal government. it is not bonds. and that is why every time the fed chairman talks about the stimulus stock prices go up. what he said. remember after he was elected.

it hasn't happened. and both say that it is a good thing to get the money and so interest rates are low. and particularly folks thinking of retiring. one of had third said they probably will have to wait longer because they are not making money for the savings . it is difficult to resist when interest rates are low. for the first time 50 percent of the sale has a right. morgan and i are together on this. we have to fast it realistically.

we will have to solve the deficit problem. >> i am sorry a absurd mindless spending and zombie companies that need restructuring. we are throwing it down and not solving the underlining problem. >> gm is returning a profitability and just making money. it is still a u.s. company. hold on, hold on, make your final point, mark. >> the final point is look at europe and what happened there. they have cut back and physical restraint and 11 percent unemployment and we spend more and we bring employment down further. we cut back and raise taxes. >> and hold on a second. victoria. one of the problems with europe. they are raising what sarkozy,

the exfrench president that he raise taxes to balance the books. >> and victoria go ahead. it blows my mind that you are suggesting europe as a model for the u.s. here. it is a modele of what went wrong. it is a model of what went wrong. >> and people will change their behavior. >> hold on, you are saying that europe is a model of what went wrong. >> right. if you don't stimulate you cut back. >> and the question is how are you going to cut back. >> hold on, we are all in a agreement we should have growth. the question is how you stimulate. more or less. >> going back to the clinton era . they came out of the carter recession cut spending and it boomed. the private sector had more

money. that is the last word. and if proving jobs by putting term limits on them . what casino is doing right now could help all american workers hit the jackpot. we'll tell you how coming up next.

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♪ and so none gets left behind, check out our affordable xuv 550s at johndeere.com/gator. ♪ >> live from america's new's headquarters. i am i jamie colby. attorney general eric holder will appoint two top federal prosecutors. among those leaks. details of an al-qaida infilt traitor and computer worm used to disthe nuclear program. the president's campaign is leaking the information to make him look good. the white house denied the allegation. and maria sharapova won in the

final to complete the career grand slam and the win is the 25 year old's first in the majors. and more headlines and 30 minutes away. and i am jamie colby. have a great day. unions just lost big in wisconsin and now they are flexing their muscles in new jersey. a unidemanning that casinos have no right to force them to reapply after four or six years. derm limits should be illegal . emac said they are a great idea how so . people in right to work states have term limits. and i am worried about older workers that get pushed out. and a lot of people have to work .

this is a fallacy that you like and we are 15 or trillion in the hole. >> rick, what do you think? >> i think the casinos are dealing a poor poker hand. what is going to happen when they complete. they will be out of the door. and they are going to get rid of him in six years and all of the good ones would have been gone. and i don't think they are doing any favor. >> there is no job security anymore . isn't this an incentive to work harder? >> the boys are luckky to be offered a term. in the market economy most of us go day-to-day . if you stop producing you will be fired that day. it would be a set time to prove themselves.

i think we acknowledge that all revel shows you have to produce. >> revel is the name . casino. victoria. do they have the right to do this? the unions say no? >> yeah, they have the right to do it. i don't think it is the best business practice. you will attract the wrong kind of employees and let the market forces go at work here. i will have a feeling the rebels will realize it is not a great policy. >> morgan what do you think? >> i agree with rick and victoria that you made the trek. but that being said, i think it is a great idea. heck politicians have term limits thankfully and emac mentioned so do executives.

>> should casinos have the right to impose term limits. >> we have contract labor term limits on employees. and what happens. they do a job and their termens. they are always looking for the next job. and there is no contact between labor an management and so this is going to hurt productivity. can and you cut people's bay and businesses. we need as few reductions on employers to allow jobs to be created don't we. we are putting cost on higher

workers. if they have restructions. you are raising the cost and meaning that it is going up and not down. get out of the way and let the markets figure it out. >> i do agree, managers don't have to reapply. and maybe that is an incentive for the workers to climb the ladder in the casino. but they may lose seniority pay or benefits. that is not good either. >> people would have no money and paid poorly are not going to put money back in the economy. and that's what companies are forgetting here. they will not build or buy cars or buy homes or take vacations. it will hurt the economy. you cut the pages, will they spend money in the casino, no. lard word from mark. >> it is the one thing that finally goes down. gas prices and lawmakers are

pushing a mileage tax that could really hit you when you hit the road. what vice-president biden said about his wife and michele obama's success that has one woman say the entitlement nation is officially here. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying...

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>> vice-president biden saying something about his wife

vice-president joe biden said he and president obama would

not be where they are without government assistance. these accomplished woman would not have any chance without some help. victoria said it is more proof that entitlement nation is here. go ahead. >> biden is missing is history and the fact that it is a different america and his grandparent's america. 50 years ago. 87 percent of the americans paid income tax . now 49 percent. and now over the last 45 years. len-fold incrose in entitlement and three-fold in gdp. it is a different america. now we need to address it. >> aren't you concerned that we are slipping in the entitlement nation? >> i think we are . we have. and it is an entitlement nation for corporation and give big tax breaks and

subsidis and give away our rights and allow them to pollute the environment. it is not for the individual but for the corporation. >> i would say it is both. even freem an admitted that corporations will act like welfare moms. we have the entitlement. and that is right. president obama friends . ge who advises the president gets huge tax breaks. >> he makes a good point. where the entitlement increase hurt us is in the purchasing. power. and the value of the dollar indrex went from 120 in 1968 down to 80 today. it had a huge declean and that is something that all households field. the entire nation had the entitlement going. we have to wipe it out of the

biosystem. >> i would say we are not that bad i would have to argue and here's why. we are coming out of the a horrible economic down turn . that is part of the reason we are seeing more spend social issues are concerned. and compared to other development. it is entitlement spending. it shows that medicare for example will double over the next 25 years. if that happens it will be entitlement nation. >> which direction are we going, are we emac? >> yes, twen of them were in europe. >> what is going on. yes, i agree with vicki. we are an entitlement nation. we are in a bit of the a

identity crisis and it is going to get worse after. president -- then you will see health care spending to double to 10 percent of the gdp. and health care spending and social security will heat it up. and not a lot to spend>> and rick, you work your way up from the bottom and you deputy a lot of dirty jobs. you didn't need government assistance. >> and i have been looking into the arcticles that made the pitch for the past week or two. let's talk about purchasing power. did you know as we are all sitting here. and enjoying the huge number of people that are paying the cable bills from the social security jack. they are putting money in our pocket. let's keep in mind what that does for the economy.

>> water out of one end of the pool to the end of the other. >> blistery move. >> and that is social security and medicare. >> we have to leave it like that. i appreciate the summer analogies. and the rebound and our informers are here to tell us which stocks are ready to make a come back and make you big profits . >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her

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stockings are making a come back. silver and this is a puppy that is poised to pop off of the commodities really. >> a puppy poised to pop. >> put on your evil knevil. >> silver has popped a lot . you like ge. >> slow, stable slow risk growth. >> didn't pay any taxes morgan. >> and at best the equity is