and ibm this year? >> i think it will do the same as most large tech companies, slow growth. services business at this point. >> we have to run, cashin' in, coming up next. >> i don't currently have a job. >> it could change for millions of americans this year. why companies are ready to hire and it has nothing to do with white house programs. and everything to do with capitalism. plus a tax tidal wave. new proof billion dollar businesses fold when the tax man hits too hard and money to burn? why not if it is worthless, what jonathan hone ig says could happen in america sooner than anyone things, what he says can be done to stop the insanity, that and brenda and bulls and bears set a high bar.

>> predictions! predictions! predictions! predictions! >> and our "cashin' in" crew is ready to do one better. a shocking prediction about where the dow will be one year from today down to the decimal point, your money, your life, your show, to stay ahead of the game, "cashin' in," starts right now! >> here come the jobs. the new study showing a third of the nation's employers are planning to hire in the new year. but that is not stopping the but, lawmakers from still pushing a $150 billion jobs bill. do we need it? hello, i'm cheryl ka sony and welcome to "cashin' in," wayne rogers, jonathan hone ig, jonas max ferris and tracy burns and john wakefield and rob stein, of the astor etf mutual fund and john looks like the job market will fix itself, basically, next year, do you need the huge jobs

bill then. >> absolutely not. businesses create jobs, not government. look at what the administration's track record is. they promised us 3.5 million jobs and we've lost 3.5 million, despite spending $2 trillion an proposing more debt this year than the country has done in its history and we're still losing jobs. going forward, the budgets short fall is why they want the money and will extend the stimulus and save jobs and you will not create one job. by the $150 billion. >> rob why not let the free market work? and let jobs come from companies when they are ready to hire? >> if you want to go back and let the free market work from the beginnings but now, we need to keep the momentum and the economy did better than anybody thought in '09 and we stopped losing jobs and now we need to take the momentum and help support the economies and the markets. you said about 30% of the companies plan to hire and what about this 70%? we need to get the momentum

going, a stimulus package that does infrastructure hiring, the things that it is supposed to do. i think is a great idea and a perfect time for it. >> will stimulus jobs be long term jobs? that's the question. >> no. >> maybe a job for a year. >> absolutely not and there is so much uncertainty in the market now. you want the other 70%, to hire? make decisions, down in d.c. and they don't know what the government is doing as far as taxing of our system goes and health care reform could cost small businesses millions of dollars. they will not put new people on the payroll until we get decision out of d.c. job hirings on hold, because of the inconsistencies coming out of washington. >> jonathan hone ig? do you agree. >> the fallacy of the obama administration is government spending creates wealth and we know, i know you want to keep the momentum going. look where it has taken us. this week another $3.5 billion down the toilet to gmac. government spending, government

run economy creates political boon doggles that create no weather and we need profit taking businessmen, from cash to clunkers and the other programs, all we've done is redistribute. >> and $2 trillion, created no profits to be made, in a recession, and the figure out of career builder, 20% of purchasing hires, want to hire workers, sounds impressive compared to last year. >> full-time. >> it was 54% a few years ago, and 20% -- is an improvement but a level that will not get the unemployment rate down significantly and until the economy improves we need a jobs bill and one proposed is a lot of garbage. but the idea of temporarily hiring people until the private sector thinks they can make profits by hiring people is required. i expect the obama will go into fdr mode. >> hiring them to do what. >> dig holes and -- dig ditches. >> giving them money to stay

employed. >> infrastructure. >> institution. >> constantly giving them money. >> what is dumber, extended unemployment to do nothing or pay them -- >> we've spent so much money and there is nothing show for it. >> because this first stimulus plan was not a jobs bill, it was largely tax cuts. >> the next one is not a jobs bill. >> 20% a jobs bill but better than the last one. >> you are both bringing up good points and look, stimulus spending -- we have unemployment at 10%, the stimulus money put into the system has not helped the jobs picture, why not let private companies step in and do what the government seems not to be able to do. >> i'm not quite sure how you arrive at these numbers. excuse me. you will spend 150 million, why not 500 or spend -- billion, i mean, several billion-billion and it doesn't make any sense and nobody in washington can point to say, okay. we'll spend $150 billion and

will produce x number of jobs. they can't do that. they have no idea and didn't know when they did thut first time and don't know it now. why should they do it. let the private industry do it and private people create jobs and that is how it happens, not because of the government unless we want to work for the government and we can sign up and have them send us a check. >> rob, one thing i found good about the data, last year it was only 14%, planned to hire full-time and now 20% for 2010. you are seeing an uptick for next year. >> right, a great point and at the end of the year the stock market up, you know, 20 plus percent, $2 trillion of additional wealth. and we have stopped the bleeding, not laying off people and it is baby steps and you have to take the momentum, i agree. >> lower the unemployment rate -- >> the figure used to be 50%, we're down a lot from what it should be, last year it was practically a depression and is up, doesn't mean we're out of the woods.

>> jonas, you're right. >> going in the right direction. >> we're simply kicking the can until a future time and we have to reckon with it. at some point, 30% of the stimulus went to budget state shortfalls and may save government programs and jobs and state revenue is down 7% and they want the money to plug the state shortfalls and not create jobs and the market is up because of the government stimulus and we're kicking the can down the road and -- >> that is a great idea if you stop kicking it when private industry kicks it for you and the danger is the government -- >> this is an economy -- it inflated on air and take it away it will come crashing down because now it is falsifying, falsified numbers. >> the alternative is crashing down now. >> wrong, wrong, wrong, jonas, every time government spends money it either takes it from productive people or charges it to productive people in the future. the government spending you love is not productive.

you spend money but people are out there, trying to start jobs and hire folks and can't get credit because we're pissing it away. >> and extend credit to start-ups, are right. and that is why the plan is flawed but put money into hirnz business as hands, not a tax cut and start-ups don't pay taxes anyway and focus on getting private industry to hire people -- lower cost of capital. >> at some point, the government is bragging about, they'll make hires 1.2 million workers for the census and we are creating jobs, that is wonderful if you have a census for the next 50 years, and you have to reckon with the disaster the administration is perpetrating by the reckless spending at some point. >> 30 minutes for the show and we'll take a break. when we come back, a major company threatening to take jobs elsewhere to keep more of its hard earned cash and washington, listen. good news, my phoenix office...

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>> more companies saying no to higher taxes, this week jp morgan chase ceo jamie dimon warning the british government rising taxes there might force him to scrap plans for a new headquarters building in london. other financial firms are threatening to leave the u.k. for the same reason, and the taxes are expected to head higher in this country, shouldn't the president be worried the same thing will happen here, with plans to open

different buildings and companies here. >> absolutely, when -- we need to make america more competitive and we are making it uncompetitive and look at what happened domestically in the u.s., and 57% of the jobs, because of a low corporate tax base and no personal income tax, multinational companies will do it moving from nation-to-nation and look at sarbanes-oxley, and eliot spitzer passed, pushed the ipos, a majority to london and this making america uncompetitive. >> and rob they end up going to other countries and hire nonamericans and these are american companies. >> right, i don't see the correlation, i think businesses don't really factor in the taxes when they make their begin decision. if that was the -- >> of course they do! >> the bottom line? come on -- >> the fortune 500 companies -- >> 45% of their bottom line, back to uncle sam and that is just on the federal level and their effective tax rate is over

55% and you don't think they factor that in when they are making decisions. >> they try to grow businesses and there is factoring in but if that was the case, it is easier to move to a state that has lower tax than a countries and why states that employ most of the fortune 500 country, california, new york, illinois have higher corporate tax rates than the states that have very few corporate headquarters, nevada, mississippi, georgia? it is easier to start with baby steps and move across the state lines and they aren't doing that, i can imagine they'll leave the country because of better taxes. >> many companies already do, jonathan, and this is a prime example of jamie dimon saying i am not playing ball with you and i'll go somewhere else and take my business with me. >> right, cheryl, there is historical pret dent to this. mick jagger and the rolling stones left the u.k. in the

early 1970s and the u.k. and the u.s. make a mistake taking the corporations for granted. yes. money is mobile now and set up shop in brazil and india and hire folks there. i think we treat these folks as scapegoats, and servants at our own peril because the tax -- >> i agree but very few are making the move. >> i talked about this exact news item a few weeks ago on the show, is great news for america because, yeah we're raising taxes, which is terrible and the other countries are more screwed up and london arbitrary tax on bankers is -- makes our taxes look like we're the most capitalist country in the world and in some ways we are not because we are doing things well but others are worse and as long as we're competitive, use the texas and california analogy with other major companies we are fine and can raise our taxes 5% as long as they do 10% and the take away for obama and the administration, don't go higher than the others and you'll be

in? our corporate tax rate is second to japan, one of the highest corporate tax rates out there. >> america has the lowest tax total collected as a percent of gdp of any mainly economy in the world. >> when they talk about changing the structure, many individuals and businesses are already preparing for 2010 tax season and will be ugly. >> whatever it's worth i sit on the board of a multinational company and happen to have a modicum of knowledge about this, if you allow me. multinational companies are very aware of the tax, rob, you are wrong about that. secondly, depending on what the tax rates are at various nations requires you in those subsidiaries may or may not leave money in the subsidiary and repatriate it later. a large corporation in the u.s. has all kind of ways of dealing with this and you mentioned for example sarbanes-oxley which for

example, in our company we spend probably $5 million on -- goes out the window and nobody knows where and those laws hurt us. the guy it will really hurt is the guy in the u.s. who has to have his business in the u.s., and he cannot do any of those things. at some point in time, yes. he is just like water it will seek the lowest common denominator and that is where it will go and baby nothing one can do about it. >> of the last ten years, in dis of countries with higher tax rates have performed better than countries with lower tax rates. that is a fact. look at sweden and the countries that have had the highest equity returns for the last ten years and you will not see a correlation with the tax rates and the performance of the equity markets. >> hold on. >> we're not talking about a country, we're talking about the people doing the work in those countries.

>> it is not an apples to apples comparison, ireland emerges, and low corporate tax rate and that is where multinational companies are -- a few of these will hurt our tax base in the country. >> jonathan, last word. >> beyond each the practical implication there is a moral issue, cheryl. big corporation are not servants to the public, they help the public and create value and create profits and to burden them more with taxes and regulations is shooting yourself in the foot. >> absolutely, coming up, guys, why in the world would we be showing you a zimbabwe dollar now? somebody here says washington's making sure what just happened to the worthless piece of paper is about to happen to those bills in your wallet and get the one stock you must own this year so you don't have to worry about money ever again. from dollars

sense what our leaders on capitol hill are doing, to make your money worthless by 2011 and we reveal the must-own stocks for rrrrrrrrrrrrrrrrrrrrrrrrrrr

>> i'm shannon bream in washington. president obama is putting the blame on the botched christmas day terror attacks squarely at the feet of al qaeda. the president says there will be a top-to-bottom review of how u.s. intelligence agencies failed to stop the potential disaster. and the former number 2 man in homeland security says privacy concerns could let another terrorist slip through and he'll join us live to explain and the coast guard is searching for a cruise ship passenger who went overboard, the 23-year-old woman is shown going overboard from the monarch of the seas, early thursday and the ship is due back in the u.s. today.

and, two nba teammatesary will most involved in a shootout over a gambling debt and reports suggest the washington wizards never told the nba the teammates arenas and chrittenden pulled guns on one another in the locker room on christmas eve, more of these and your top stories coming up at the top of the hour on america's news headquarters. >> is your money going to look like this soon? a real $100 trillion bill from zimbabwe, 30 years ago, one zimbabwean dollar was worth more than a u.s. dollar and is worthless now thanks to the government's massive spending and taking over much of the free markets. and jonathan says watch out, americans could happen here, you think so? >> well, it sure could and you pointed out it is worthless and used to be worth more than the u.s. dollar and when a country spend, it spend and spends and spends and when this government is corrupt and violates people's property rights, you get a

worthless currency and i don't think we are on the direction, there necessarily yet but we are certainly in that direction and of course, 2009 was the first year people became aware of the fact, this is a piece of paper and promise to repay. >> the dollar has been losing value and lost value last year, too. >> zimbabwe had more inflation in a few hours in '08 than the decade in america, we have the best central bank in the world and we will not go into hyperinflation and you are not supposed to put money incurrence as in a investigator and they want to it go down in value and every currency declines over time and you don't want people hoarding currency and you want it in stocks and bonds and where it should be and america has the best dollar in the world. >> trace, i don't want my u.s. dollar to not buy me anything and worthless dollar, kitty-cats need food and kids need food. >> jonathan can send the worthless dollar out, in the next christmas card and we all got the zimbabwean dollar from him this season. >> $100 trillion.

>> that and a pack of gum gets me on the subway and we are spending a lot of money, to jonathan's point we have to be concerned about it and have to take a step back and think of what we're doing to our kids, our kids will pick up the tab. as our dollar devalues, they are the ones that will feel it. jonas it will take time. >> low interest rates, zero now, you have massive government spending, this is not helping our dollar. >> and i absolutely hate this as manner, we are becoming the kick post for the rest of the world and chinese foreign minister and finance minister and prime minister all saying making fun of president obama and the reckless administration and you have angela merkel saying we are risking the entire world's collapse of the economy because of our spending and the eu, they are brow-beating us at some point we have to listen to this. >> rob the president has to put attention to this, don't you think in 2010? >> i think he'll put attention to it but you cannot blow it out

of proportion and the dollar is down 3% from a year ago and, spending if you get it out of control, i agree, could be problematic but now -- >> get it out of control? it is completely out of control and i am -- >> you have a problem with the stock market being up, what -- >> inflation and... >> let me bring in wayne, wayne, wayne -- >> paid in the currency -- >> rob, i need to bring in wage rogers, it has been a bad year for the u.s. dollar, you cannot ignore that fact. >> well, of course. this has political implications, in germany and the we mar republic, and it wiped out the middle class, and that you can do in the country quickly and we are the only country in the world, it has to do with faith in the thing and it's not worth anything because it is only good for payment by the u.s. government and the u.s. government can do that, as long as the government can do that

and we have faith and when this faith is gone, good-bye. >> thanks for our gusts and thanks for joining us, everybody, coming up, a shocking prediction where the dow will end in 2010. plus... drum roll, please... stocks our guys will say you will kick yourself next year if you don't buy them -- this week! o

>> it's our special new year, what do i need to know to dash in on 2010. where does it go, wayne and

take your pick. >> i've got 11,600 this time next year. my pick is a chinese etf called pjg and it maps what goes on in china internally and not exports. china will grow in excess of 6%. >> john, prediction and stocks. >> we're better than bulls and bears. jonathan on your pick. >> modest gains, 11,250 and my pick is a japanese conglomerate, hitachi. the nikkei at four month highs correlated with the united states and i don't see the herd mentality i see in places like brazil, china or other emerging markets. >> jonas. >> 11,000 modest gains all i'm looking for and like u.s. stocks, nokia, not a u.s. stock, one of the few cheap stocks and in the rally made other stocks overpriced that's where i'm going. >> tracy final word, what's it