i'm lou dobbs and this is a fox business network special presentation for the fox news channel. out of work. tonight, employment in america. where are the jobs? >> we are still not creating them as fast as we want. >> there is nothing out there. nothing. >> who is hiring? >> you're hiring but you can't find workers. >> who is firing? >> they laid me off and outsourced our positions. >> the reports are in. >> a disappointing jobs report sending stocks scening today. >> the jobs report today. that was a stun. jobs just ain't materializing. >> and the numbers don't look

good. >> u.s. employers created just 69,000 jobs. >> unemployment rate inching back up for the first time in a year. >> any way you look at it this is bad news. >> the team at the fox business network brings you a special report on the real unmany ployment story because america is out of work. >> and now, from the fox business network headquarters in new york, lou dobbs. >> america is out of work. unemployment hasn't been this high for this long since the great depression. and the government tells us more than 8% of americans are now unmany ployed. that sounds bad. but it is worse than even that. a record number of those workers have been out of a job for more than six months. all of this despitelspite billf dollar in government, economic stimulus and corporate bailouts all of which we are told were designed to create and to even save be jobs.

jeff locke brings us some of the stories behind these numbers. >> it is frightening. >> tony rizzo, pete morarri and linda fish all have something in common. even though they are not working or not working as much as they would like, the government doesn't count them as unemployed. >> i think there is a huge number of people in my position in this economy right now. >> the underemployed. some part-time workers. people who have flat out given up looking for a job. none are included in the unmany ployment statistics we hear about. who are the uncounted unemployed. what kind of impact do they have on our economy and most important perhaps, why don't they count? the government's 8.2% unemployment rate we all hear are about only counts any one who has looked for work in the past four weeks. federal governmenting in all of the other people who have given up working and part-time workers who can't find a full

time job you get what the government calls u 6 which many call real unemployment. is almost 14%. almost double what we hear in the headlines. >> why don't we count everyone who is truly unmany ployed? >> th measure is subjective. >> jeffrey says this is a problem. >> ultimately, you want more work ers in the workforce. and so it is hard to have robust overall economic growth if you keep dropping people out of the workforce. >> these are all different machines. >> pete had spent 30 years repairing type writers, fax machines, printers when was laid off. >> at first it was like a punch in the gut and a stab in the back. >> but he didn't give up. >> my alarm was set the 4:21 when i was working and it is still set for 4:21. wife thinks i'm a little cuckoo. >> he got up every day and put on a tie and searched for a

job. the best he could land years, yes, years later was a temp job only tootles to a knee injury. he became uncounted. >> when president obama held a rally in milwaukee back in february, morari took a sign he had made saying i want to work. >> you don't look like a protester to me. >> i'm not protesting. i just want to get back to work. there is going be people like me that will work no matter what. >> does government get it? >> no. >> tony rizzo is another of the uncounted. he worked for 30 years in florida. he took a buyout in 2009 and hasn't found a decent job since. >> you sound like what they call a discouraged worker? >> absolutely. absolutely. this is where i live. >> he went from living here in the historic flamingo park neighborhood in west palm beach to a boarding house. he is discouraged and angry.

>> jeff, i can't put it any plainer that the online application process in this country is a crock. >> sitting in front of a computer at the don dunkin dons he explains people fill out applications only to justify unemployment benefits. real searching and hiring is scarce. >> i thought i would find another job in no time because i have a great resume and great references. >> linda fish who had a career managing book stores that did millions of dollars in business found herself shelfing books at borders. >> being quiet and taking direction and not offering advice and not telling people what to do. >> and the $8 an hour a far cry from the 30 plus dollars an hour she used to make. that was tough, too. she now writes a blog called underemployed is the new organic.

>> i volunteer how to build a garden. >> it back in milwaukee, pete is trying to grow his own food to cut costs. >> i'm hoping that i can somehow have dignity and still be a successful person but if that doesn't work out then i'm going to have to do something else. until then i will just live off the land. >> he says they may be uncounted but that doesn't mean they don't count. >> thank you, jeff. there is really a fundamental question here are. in a $16 trillion economy chi can't we create jobs. the grand poobahs on the left calling for greater spending and more government programs and those on the right say cut taxes and less regulation, that will solve what ails us. melissa francis now breaks down the battle between the left and the right over what to say in this political year and what if

anything can really be done. >> it is the big issue for most americans. >> jobs. it is jobs. jobs. jobs. >> jobs. jobs. jobs. >> the biggest issue of the biggest political campaign. >> he has not created more are jobs for the american people. >> the economic vision of mr. romney and his allies in congress was tested a few years ago. >> congress they can't even agree the other side has a plan. >> these are many of the 30 jobs bills that have passed the house that are stalled in the democratic controlled senate. >> the house of representatives have rue fused to take action to create jobs. >> party son politics or something deeper? >> the problem is there are dramatically different lenses through which we see the world. >> republican senator mike lee. >> government cannot create wealth and because it can't create wealth it can't create jobs. >> argument number one, whether government spending creates

jobs. >> the stimulus did work but it just wasn't big enough. >> tamara brown is from the progressive think tank dmo it. >> i think in the short-term all of the trends all of the economic trends point to the fact that we need another stimulus. >> if we put more money into the economy doing things that need to be done. >> congressman chris tran who is a them of the democratic leadership. >> repair and building transit systems the workers have more none any in their pockets and they can go buy more goods and services and companies can sell more goods and services. >> this is one of the slowest recoveries most people ever experienced. democrats would say that is >> making government biggerug this whole idea of deficit spending stimulus isn't supported by the facts. >> dan mitchell is a senior fellow at the kato institute a free market think tank. >> the notion if you borrow money out of the economy's

right pocket and put it in the left pocket you are somehow richer. it didn't work for hoover and roosevelt in the 1930 1930s and didn't work for bush in 2008 and hasn't worked for obama. >> if spending isn't the answer, what is? >> what do you think would be a recipe for putting people back to work? >> all we really need to do to have success in the long run is make sure that the private sector is growing faster than the public sector. it is all about the size of government. >> each side has their own statistics and economists to prove their point of view so who you believe sort of depends on which numbers you trust. which leads to argument number two. hiring more government workers. >> teachers and cops and firefighters. >> that is a seven-day stimulus.ivesedative not a >> put police officers and teachers back on the job.

>> the last time i checked with very few exceptions firefighters are not federal employees. public school teachers are not federal employees. this is not his business. is the business of state and local governments. there is no amount of persuasion that is ever going to convince me that government can or should ever just flip a switch and say okay jobs is created because it doesn't. what works to prop up demand when it is not there on its own is investment in government spending. it is the only sector right now that has a real chance of reviving the economy and putting americans back to work. >> and how to pay for that? argument number three. raising taxes on the rich. >> i don't think we risk putting the economy in jeopardy by asking those who have done phenomenally well in this country to pay a little bit more to help us all get back on track. >> why not have the wealthy just pay a little more to help get us through this period. >> keep taxing the wealth creators and wealth generators

and job creators and producers and entrepreneurs and beat them over a head with a stick again and again and again. when you tax the productive bemaveors at a higher and higher rate you discourage people from producing. >> which leads to argument number four, should corporations pay more. >> corporations have done quite well recently but the problem is there is not enough customers. >> how does taxing them solve the problem. makes the burden higher and they need more customers. >> they are sitting on record profits across the board and sitting on a lot of cash. >> sounds like a problem there is no answer to. a ceo says i don't want to hire a new worker because i don't know what my cost is going to be. i'm sitting on that cash so i don't need a government bailout. i'm trying to protect my company. >> if we invest in our infrastructure. it is really outdated. when you look at things like

giving the united states the world class infrastructure it used to have that is something where are ceos and business associations are supportive of. >> if there are any ceos in favor of higher taxes on companies in order to give politicians more money to spend on failed stimulus, the share holders should grab the ceos and tar and feather them and put them out of the company. there is an unfriendly investment climate. they are waiting for the government to stop doing things that discourage wealth creation and job creation. >> one thing they agree about. what where will happen. >> more paralysis. >> gridlock. >> they can't even agree on with that means. >> the optimistic way of looking at it is we have gridlock now. that is a good thing. if we can simple in stop the government from doing new bad things we will get back on a steadier keel. >> hopefully come out of the election and hit reset and get something done.

>> coming up, millions of americans say this jobless rehe coverry feels much more like a very deep recession. and whatever we call it, the american family is being reshaped by the powerful economic forces that have been unleashed. then, we take you to a place where there are plenty of jobs. >> imagine being fresh out of high school, stepping right into a high-paying job. sounds like the american dream, right? well, it as reality for many of the workers at this plant in [ male announcer ] it isn't just your mammogram.

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every american wants a shot at their own piece of the american dream. a job. a house. a family. it doesn't seem like too much to ask? what happens when the dream is lost and the bread winner loses their job and it all comes crashing down? laurie rothman brings us one family's story. >> you did. >> did i? >> you bought me the beer at the bar. you picked me up. >> lisa and kevin have been married since 1986. both worked until they adopted their little girl megan from south korea in 1999. lisa decided to stay at home and kevin continued to work for an insurance company as an underwriter and broke. did you like doing that? >> i did very much so. i liked working with people.

dealing with solving problems. >> kevin started working for his company at age 16 in the mailroom. from there he worked his way up the ladder for the next 36 years. but in 2009 the recession hit. >> i knew once they call you in and say can you come into the office please into the room you knew right then and there what was going to happen. >> it was a sign of the times? >> yes, 10% of the staff. countrywide was let go. >> how did you feel after you lost your job not being able to provide as much money for the family? as if you are a you are failure. the way i was brought up, everybody is involve in the support of the house. >> now, lisa was push inside the bread winner role. >> how quickly were you able to find employment? >> i was already working part time at shop rite. so i really didn't have to worry that a much. >> 16 months later kevin found

another job. >> and then he got laid off a second time and that was completely devastating. >> devastating but not unique. in the year 2009 unemployment for men hit an all-time high of 11.2%. stories lacunares are common. she wrote a book which talks about today's new breed of bread winners. >> we could be looking at a society where among mothers a majority of mothers are supporting households. when you look around you can see the trends. everybody has it in their circle of friends amongst colleague hes and people they know and certainly the changes in the economy are becoming apparent everywhere. >> working saturday? >> i'm working saturday night. >> hundred did i followed a group of house wives in situations sem larenta to lisa the. >> when you look at the about percentage of working wive wivo outearn husbands it is

currently almost 40%. there are are husbands i have to say to give them credit there are husbands who are helping out at home. >> spices like garlic and oregano. >> kevin gets more time at home. >> i like cooking but i cook on the weekends. now, it is every day. >> currently right now i basically get up in the morning and get ready for work and then he wakes megan up. >> we will have a discussion about something or somebody in school or something like that. if i was working it would be like i can't be bothered with this, leave me alone. >> he tries to handle a lot of the situations with my daughter now. >> if it we want something done like i will take the wire away from the x box. yesterday she comes balking in and i go when you clean your room you get your wire back and she goes into a fit. she is not there for that so i just take on the brunt of it and. >> teenage drama. >> three years have passed and kevin is still out of work. >> it is very hard for me to see him not get any phone

calls. it is very hard. it is nerve wracking. it is -- it beats down your soul. it gets to you after awhile. >> lisa's pay check doesn't make ends meet and they emptied kevin's pension. now, they face losing their house. >> how do you cope with that kind of stress? >> not easily. sometimes my husband and my daughter will make jokes and i walk away because i don't find it funny. i snap easily at home. we can't do anything. and it is hard when you have kids when you have to say no all the time. >> it is a tough situation. and there are days you sit there and go why am i doing this? i'm not going to get an answer. but i have two people at home and a dog and they want

answers. so i got to keep pushing. i have to push. >> in the world's richest economy there are pockets of prosperity. which make the pain of unemployment that much worse. why can't every part of america be as bright as a little town in pennsylvania where the american dream is alive and well? >> i'm only 16 and already getting paid pore than most of my friends. a lot more than most of my

when we talk about unemployment we think about the workers who can't find jobs but there are companies who are creating jobs and can't find workers. sandra smith brings us that story from allentown, pennsylvania. >> awful. terrible. extremely disappointing.

a disappointing jobs report triggering fears the economic recovery slowed to a snail's pace. >> all we hear is that there is no jobs in america. what if i told you that in that building right there high-paying jobs sit vacant for sometimes up to a year? what is the store arery? >> a major shortage of skilled machinists. >> a shortage of killed workers. >> that is what we hear from ceos like john mcglide. >> you are hiring but can't find workers. >> the company air products sells gases that help make things like golf balls. wine and beer. fuel for rocket ships. and your iphones and ipads. >> somebody has got to make that. that is what is going on here. >> that is what we are doing. >> business is good. >> if i were to go to your company's website which you have a section with all of the available jobs right now, how many today would we find that you have available. in. >> the united states i think on average some where around 5 to

600 jobs posted. 100 to 150 of those are sometimes as long as a year to fill. >> are you actively recruiting? >> absolutely. every day. >> they send applications to people like dave marks from lehigh career and technical institute. >> these are the jobs that came in during this school year. the average start here is some where around $15. >> vocational training is unappreciated he says. >> somebody still has to fix the bridges. and somebody still has to put up large buildings made out of steel. >> like this guy. >> i'm 17 years old. >> and he just graduated from high school. already waiting for him in the fall. >> good. >> a job. >> i'm starting at $17 an hour. and we work monday through friday. ten hour are days. fridays are time and a half. experience prevails over, youk. 90% of the time.

>> some of the kids here don't even wait to graduate before they start working full time. >> i'm only 16 and already getting paid more than most of my friends. lot more than most of my friends. >> kim fung already works for a battery manufacturer during a summer break. >> i make $10.35 right now just started 8 hours a day. five days a week. >> kim seems focused. he likes to work and to make money. a lot of money for a 16-year-old are. fact, he just bought himself a car. >> sold my old car and got a new one with the money i had made. >> that is right. these kids coming out of high school can make downright respectable salaries. >> let's talk money. what kind of salaries are you offering for these folks some of which are coming straight out of school. >> an appropriate skill you can start at 20 or more dollars an hour. >> they have to pay that much because these workers are in high demand. >> you had many job offers as i

underand it it. >> a few out of high school, yes. >> you didn't go to college. >> i don't want to go to college really. >> politicians in washington love to push the importance of higher education. >> higher education is not a luxury. it is an economic imperative that every family in america should be able to aa ford. >> but for many skilled workers there is another path to the american dream. >> like matt. >> had to start some where and work my way up to get a better paying job. >> do you have a house and a family? >> yes, yes. >> you must have a lot of peers that are either in jobs or possibly looking for jobs. what are you hearing from them? >> i have a brother right now. that just got out of a college with a master's degree and he is having a problem finding a job in his field. >> his brother with a master's degree can't find a job in his field but matt since he is a skilled worker has never had to look for work.

>> people see every day students graduating from college on mountains of debt. if you had the ear of president what would you tell him. >> we need to have four year college degree graduates but we also need to take what they are designing and developing the technologies they are creating we have to maintain them and that means we have to have skilled workers as well. >> as you just saw in some parts of this country in some businesses there are plenty of jobs. but what about the unemployed people who don't have an expertise or a trade or a skill? coming up next, john stossel goes looking for work near a government welfare office. what he found, we guarantee you will surprise you. do you see it ? there it is ! there it is ! where ? where ? it's getti away ! where is it ? it's gone.

we'll find it. any day can be an adventure. that's whye got a subaru. love wherer the road takes you. wow, there it is

live from america's news headquarters fox news confirming with the senior u.s. official all six service members killed in a roadside bombing in afghanistan were american. the attack happened in the eastern part of the country on a deadly day in afghanistan. 29 people were killed in bombings across the country. and a cold front brengs relief from a deadly heat wave. after 10 days of triple digits, temperatures fell into 90s and 45 people died of heat-related

causes the national weather service saying it will bring thunderstorms and showers breaking a heat wave, temperatures will return to a normal range, mid to upper 80s. now back to the fox business special "out of work" with lou dobbs. for latest headlines, log on to fox news.com. welcome become to our fox business special out of work. i'm lou dobbs. nearly 14 million americans are now you out of work. so what should a government do about that? as john stossel reports, when campaigning for president, barack obama said this. >> we need to expand unemployment benefits and extend them for those who can't find jobs right away. >> benefits were extended to as long as 99 weeks in some states. now, the presidents if campaign ads list the extension as an example of how the president kept his word. >> two million americans can

know with certainty that they won't lose their emergency unemployment insurance at the end of this month. >> but you that certainty knowing that a check is waiting has some nasty side effects. when unemployment insurance first began it lasted 16 weeks. fdr said it wasn't a permanent cure. today it lasts a year and half in some states. progressives call that a kind program that takes care of the poor guy who gets fire. >> this is what has been said about every welfare and benefit program since the great sew he began.ociety >> they are helping people in need. you know what we found in 40 or 50 years of evidence just proves that that these benefits oft oen times hurt the people we are trying to help the most. >> paying people not to work does lead some to delay taking a new job. >> a third of the unemployed find work right when their unemployment benefits run out. in denmark, a socialist

government once offered five years of unemployment benefits. when did they finally find work? surprise, after exactly five years. denmark cut benefits to four years and they then found jobs in four years. denmark cut the benefits in half. america has moved in the other direction. >> we can created nine months and then 12 months and then 18 months and then two years and the problem is it becomes a way of life. >> what should government do to help people in need? >> give them money. >> they need to find more jobs. >> at this food stamp and job center people are' customed to handouts and want more. >> is there something more they should do for you in here? >> help us more. >> have you looked for jobs? >> yeah. >> no jobs around? >> no. >> really? i asked my team to check that out. within a few you blocks of that welfare office they found lots of businesses that want to hire people. >> yes, we are hiring.

>> this frozen yogurt store wishes more people would apply. >> we need two or three people all the tile basically. >> so does this burger joint. >> we are hiring for cashiers and also chefs. and prep guys. >> of 79 businesses that we asked, in less than two hours, 40 said they would hire. 24 said they would take people would no experience. the owner of this restaurant said he would hire lots of people. >> how many? >> 12 to 14 people. i would hire more than that but the hardest thing is to get good help. >> how many could come with no experience? >> i probably would take like nine. probably would take nine and train them. >> and at the welfare office people told us there are no jobs? >> there is plenty of jobs. >> outside that reelection fair office we met with -- welfare office we met this woman who said she works for human resources. >> there are no jobs around. >> i don't think so. there wouldn't be this job out here if there was.

>> is it possible they aren't trying? >> some of them are. >> do you think you in human resources encourage people to be dependent? >> yes, we do. >> what should we do about that? >> i don't really know. i guess stop giving away the money and then they willle get a job. >> and you work for the government? >> that's right. >> the restaurant owner says some people who ask him for work don't really want a job. >> you you think some of them are just looking to apply so they can say to the welfare office look i applied? >> a lot of times, yes. >> i get the feeling they are are teaching dependency over there. they are teaching people we will take care of you, you don't need to go learn stuff? >> know got to be doing something because i can't even find good help. >> have you looked for a job? >> i can't work right now because i'm on disability. >> there is nothing out there. nothing. >> there are no jobs? >> no. nothing in my field. i'm a medical assistant. >> and what about going outside of your field? >> i have done that. >> working in a restaurant?

>> restaurant is not going to give me the money i need to stay where i am. i end up in a shelter working in a restaurant. >> the benefits have become generous enough that people can say look, i can live on this amount of money and i'm going to decelerate my job search and not really look for a job until the benefits expire. >> i don't mean to single out the inner city. let's go to the beach. dependency on government is everywhere. this is the jersey shore. the real one. life is good. some seasonal workers here work for the summer and then stop. this he collect unemployment the rest of the year. bill worked as a life guard here for 20 years. >> life guard sitting on the stand. >> it is harder work than that. they sometimes save lives. and the experienced life guards supervise others but after the summer what is his jobs plan? >> unemployment. averages about 500 every two weeks.

>> life guard vince collects unemployment, too. >> this will be my 11th year. >> in most states seasonal workers can get unemployment benefits the rest of the year. many beach goers were happy about that. >> i would like to get paid while i'm not working. i would like to get paid to be hang thing out on the beach. >> but payments have consequences. new jersey had to borrow money from the feds to pay its unemployment benefits. >> new mexico we ran out of money. the unemployment benefits going out were more than what we had in the bank. this state legislator tried to change the policy to exclude seasonal work like life guarding. the life guards aren't happy about that. >> i would have to change everything i do. it as valid argument. >> i guess i can survive cutting back on something, too. >> how about getting a winter job. but why bother when the unemployment checks are coming. there is a lot of dignity at work and this is one of the

worst things about the unemployment insurance system. takes away the dignity of going to a job every day. >> can i ask you a question for tv. people are telling me there are no jobs. >> there are lot of jobs. people don't want to work because they want to live off the system nowadays. they don't want to get off the welfare system because they are happy the system is taking care of them. >> paying people not to work like those life guards john stossel told you you about. it has nasty unintended consequences. greece spent years doing that and when they threatened to tighten their belts it led to this. is this in america's future? we go to greece, next.

when it comes to unemployment the one thing americans can be grateful for is they are not in europe where unemployment is over 10%.

if n. greece and spain over 20%. that what is in store for america? a euro future? ashley took an up close look. >> reporter: this is the face of the troubled euro zone economy today protests over crippling recessions and high jobless rates. despair is leading to anger and even violence. society has built an entitlement falling apart. financially strapped governments like spain are being forced to pull the plug on overly generous benefits. with unemployment rate around 25% the spanish government is trying to reform the restrictive labor laws here to make it hard to hire and fire. these union workers, well, they are not very happy about it but the spanish government says it has to happen and so do the businesses in spain. here at a real estate listing website based in madrid, business has been challenging.

ceo and founder calls the jobless situation in spain unbearable and blames the country's unforgiving laborlaw. >> we have a very strict labor market where people are absolutely impossible to fire and makes entrepreneurs scared of hiring people. >> manuel has been looking for a job for over 18 months. >> as a matter of fact, i am coming from a job interview and it is quite difficult. >> youth unemployment in the u.s. is around 16% but for young adults in spain the jobless rate is 50% and for some the future may lie outside their country. >> things are very hard here in spain. >> what country would you go to? >> maybe latin america or russia. or maybe asia, china or india. >> anda that is why language

schools in spain are overflowing with students hoping to learn a new language. eduardo lopez lost his job as a teacher and is back in school as a student to improve his english skills. >> there are possibilities to work and it is very difficult to wake up in the morning if you don't know how to do to improve your situation. >> spain subsidizes its universities so it is cheap to get an education but makes little difference when nobody is hiring. >> a housing collapse, bad loans piling up, high unemployment and government debts that are going through the roof thanks to uncontrolled spending. is pretty much the story of what is happening not euro zone but you could also say it sounds a lot like the united states. the question is what it happening here, could it happen in america? kato institute senior fellow dan mitchell says the signs are clear. >> see what is happening in europe right now. the welfare state is

collapsing. we have a giant warning signal. you are flashing bright red. do not go this direction. and yet some of the big government fans in washington are saying yes, let's double down. >> and even more dramatic example is greece. like the acropolis that sits on the hill the economy here is in ruins. jobs are scarce and those people who are working sometimes don't get paid and for young adults their future is very uncertain. back in 2002 when greece joined the euro it was seen as a dream but now it has turned in a nightmare. the crumbling economy and austerity measures have led to violent protests with people retiring on full pensions at just under 60 years old greece has been on a crash course and the impact has been severe. left in the wake, a whole generation of young greeks who face unemployment above 50%. >> it is no wonder discontent

is rampant. >> if you had the same thing in the usa you would have a revolt of the people. in germany or inning land, people would have revolted. >> societies in europe overly relying on state handout tion are finding out the painful reality now that the well has run dry. what is keeping america from following europe to the brink? do we know how to stop their problems from becoming ours?

welcome back to this fox business special report. i'm lou dobbs. now, how you are we going to create enough jobs? lower taxes? more government spending? cutting regulation? what will it take? historically small business in this country has been the

engine of growth and job creation. in fact, for the past 15 years, small business has generated 64% of all new jobs. geri willis met up with some of the ambitious entrepreneurs. >> a big world and i suggest you go explore it. even in these challenging economic times i'm bullish on small business. >> meet torrey johnson. >> hi, how are you? >> author of spark and hustle. entrepreneur and self-made millionaire. she tours across the country encouraging people to start their own business. >> i have watched countless people sit in the ranks of the long-term unemployed as they sort of do all the right things to try to find a job and yet an opportunity for them simply doesn't come along. i watched people say you know what, not going to go work for somebody else. i'm finally going to doomy young thing. >> and that is what william emery decided to do.

>> going to be 30 bucks, guys. >> i'm passionate about food and just supporting local economies and the american economy that, you know, it was just like it was a no brainer to go into food. >> william got his start when a chanter in his life came to an end. >> in 2009 i worked at a financial data provider and they laid me off. and outsourced all of our positions. >> he took his passion for food and created his own dream job. home by the range. >> everything is local, fresh. >> local, flesh. >> farm to table. >> farm to table. >> where did the money come from? >> i have no money. basically i was on unemployment for two years. i was applying to jobs. i have personal credit cards and $14,000 in my 40 is kaye. >> and you are using that? >> yes, correct. and, yep, i have been using that ever since. >> how is it going, lou?

>> i'm all right. how are you? >> what is a good day for you when you are out with the truck what does it look like financially? >> gross revenues are around $300 to $600 a day. >> and that means will makes about $150 to $300 per day. >> what do you say to the people out there who young people who say i can't find a job? there are no jobs? >> i think they really have to think about what they are passionate about and what they want to do. >> how passionate are are you about this particular business. doesn't matter the industry is. cupcakes or graphic design, you can make it work. >> reports say that 75% of new jobs in 2007 came from young companies that are less than five years old. >> the more that we can encourage entrepreneurship and encourage people to venture out on their own i think the faster we will see a pickup in job creation. >> i have been paying off my

bills so i can see a break even point at times. it is great that i can eat my own food, too, with the business. so that -- >> you are always fed. >> always fed. >> william is not the only one who has caught the startup fever. >> mike whalen founder of heart of america a company that employs is encourages and directs young people to have a successful career. to date, 38% of his employees are under the age of 27. mike's businesses are thriving. he hasn't felt the sting of bad times like the rest of the country. >> we are doing two major hotel projects with restaurants. we ramping two major hotels and ready to start on the third with a page are retail project and hoping to get a couple more going. it is chaos and the model is keep the chaos going. >> a lot of these businesses require a lot of young people you have a huge number of young people working for you. >> i always say give me energy and enthusiasm. i don't care about experience. >> whalen is fully invested in

his young workers. he told us you can't look at employees as they are. you have to look at what they can become. and that is why he will go the extra mile if he thinks the kid is worth it. >> sometimes the younger people tend to stay out pretty late on friday and saturday nights and they wouldn't show up on saturday or are sunday morning. if i thought they had promise more than one occasion i would get in the car and drive to their house and knock on the door and tell them you have five minutes to brush your teeth and put on a clean shirt you are coming to work. >> taking care of you or do i have to straighten him out a little bit? >> doing good, mike. >> do kids see you as a mentor? >> one of the kids that knocked and got out of bed called me three weeks before his wedding and he said you know i'm going to maybe get teary eyed here. he said you know you really are like my father and you told me

how to be a man and i'm sorry. i haven't told that story. that kind of thing you can't make up and that is a wonderful tribute. >> small business. entrepreneurs and innovators. mom and pop businesses. little shops and stores always created most of the jobs in this country and they will again. how soon depends on the vision and the voices of our leaders. those in washington and those in business. small business and big. all across this great country. thanks for watching. i'm lou dobbs. for all of us here at fox business. captioned by closed captioning services, inc. legalzoom has an easy and affordable option. you get quality services on your terms, with total customer support, backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself.