things are generally good right now, but we have to be cautious. >> so diplomatic . you always are. adam and scott thank you for much. david is next. >> reigning in the power of the epa. a job's creator or killer of people. republicans say legislation taking the teeth out will help people work. democratic senator barbara boxer said this. >> they have attached a poison pill. it will kill 8500 more than would be killed from pollution. >> poor jobs or more death. in focus with steve forbes. and dennis neal and kim

mcincomenicholas. if you are against it you are a killer. >> david, biggest emitter of toxins is the mouth of barbara boxer. this epa rule will kill jobs and jobs and the epa has two choices. a low thres hold. that is harmful or no thres hold. they are gone from the no thres hold standard. and so rick, this is strong rhetoric, isn't it? >> once again the narrative is not true. i have awesome facts on going to the notes quickly. university of massachusetts political economy, what did they report? every year. it is 300,000 new jobs in this country. the 2010 report to congress. clean air and water.

and 1999 and 2009. and they created 533 billion in economic benefits. what did it cost, 29 billion. this is not anywhere near a job killer. i got the facts and happy to put them on line at forbes. and so rich, according to rick, not only did epa rules actually help people but they actually create jobs, do you buy that? >> no, i don't. american electric power for instance said the epa and said this in june will cost them six billion. this flies in the face of rick's facts. president obama when he was running for president in 2008 said that electricity costs would sky rocket. his cap and trade didn't past. he is trying to legislate against cold fire plants. and that is by other means.

lisa jackson and steven chu and president obama are hell bent on closing down coal fire plants in this country and this is another way to try to do it. >> victoria. the main point that boxer made. you think you are against the epa regs you will kill 8,000 people? no, she is being extreme to say the least. but have you been to china? we don't want our air to be like the air in beijing. have you been to mexico. those kids are ending up with lead poisoning there. is a place for environmental regulation. epa has its faults they gave us the mercury light bulb. but this makes sense. going after industrial boilers

that are polluting murkry and i am in favor for this and only after the largest boilers. they have scaled back. >> i covered mexico for 12 years and there quite a bit and frankly our air is no where near as polluted. do we need more regulation? >> the epa decided for the first time that the carbon dioxide that we breathe out is a toxic hazardous substance that needs to be regulated. they are out of control. are they going to install officers in madison square garden. this is the ridiculous thing. epa should be killed out right it is a job's killer. >> kim, according to a guy from national association of manufacturers. jay timits said epa rules will harm job growth and investment

in a critical time. you buy rick or the guy from manufacturer. >> i love rick unger and you are on point on this one. first ever national standard for toxec air polullant from coal fired power plants. the economic policy instituted 81,000 jobs would be created with that rule alone . so if you ease these standards and epa we will lose more jobs and think if you stimulate the economy and encourage other companies to hire more people is absurd. >> my head is exploding. steve, have you ever heard of more epa regulations creating hundreds of thousand jobs? >> david, that is like telling

the horse they have to use horse plows that would create more jobs to make horse plows and it would kill productivity. they have an aa. based on junk science. if they had a standard above a certain thres hold it would be harmed. they rig the process and pure ideology. and everything to do as rich said getting rid of coal fired plants. >> rick, you are a likeable guy and we love you and you are delightful. but i don't buy that more epa regulations that make life tougher and cost more money for manufacturers is going to create more jobs. >> like i said, i did not make the numbers up. >> no, someone else made them up. >> that is where they are coming from. >> what kind of jobs.

hold on, rick is about to tell us where they are coming from. >> they are not government jobs. they are coming from old and updated power plants that are replaced. >> let the company decide. why don't we let companies decide what is more efficient and benefit. >> because my kids have to breathe the air. >> hold on, victoria, i am afraid of what rick told me promises of solar energy. eventually they will create jobs and we'll have a beautiful clean environment. >> (talking all at once.) >> both they are right. the jobs he is describing are a attacks on doing business. it is not counting toward your productivity. have you tried to go for a jog in beijing? , you can't. (talking all at once.) >> what do you do? the fiercest most extreme

picture. >> i am not. >> you are killing. >> hold on, hold on a second. >> just because victoria has a beautiful green dress on. >> don't let the color fool you. i am not a greenie. but you can't entirely trust the private businesses when it comes to the environment. >> there is a flaw in the numbers that rick cited and that's it is not net jobs. he's operating under the broken window theory. if you break windows, you will have to cause them to break the windows. and coal fired plabit approximates, sure you will create jobs but how many jobs have you destroyed in the meantime. >> it is a great topic. and wonderful discussion. one pro guy out and two in and shake up in the national labor relations board that has job

shakers shaking. >> just as gas prices are starting to fall what lawmakers are doing to drive them back up again and crash a hope of recovery. ♪ ...i flew us to the rock i really had in mind. ♪ [ male announcer ] the citi thank you card. earn points you can use for travel on any airline, with no blackout dates. this was the gulf's best fortourism season in years. all because so many people wanted to visit us... in louisiana. they came to see us in florida... nice try, they came to hang out with us in alabama...

once folks heard mississippi had the welcome gn out, they couldn't wait to get here. this year wagreat but next year's a be even better. and anyone who knows the gulf knows that winter is primetime fun time. the sun's out and you can go deep sea fishing for amberjack, grouper and mackerel. our golf courses are open. our bed and breakfast have special rates. and migrating waterfowl from all over make this a bird watcher's paradise. so if you missed it earlier this year, come on down. if you've already been here come on back... to mississippi.. florida... louisiana... alabama. the gulf's america's get-a-way spot no matter where you go. so come on down and help make 2012 an even better year for tourism on the gulf. brought to you by bp and all of us who call the gulf home.

>> good morning, fox news alert. i am jamie colby, the senate massing a spending bill to keep the government running. and the deal include program adjusting medicare payments and that will avoid deep cuts for doctors treatsing

patients. >> and there is a scenario in egypt. we can show you the new video of heavy fighting. nine people dead and three others injured. the violence as everyone there awaits. gas prices dumbling. 35 sends in the first time in three months. they are looking to pump up the gas tax to balance their books. steve, you say that is a major speed bump for the economy. >> david, only big government politicians say raising the cost of doing shop chores is doing good for the economy. they say when inflation made it go lower. they hit you with inflation and that is a form of

taxation. and they hit you every which way. stop guys stop. >> rick, just when we catch a break with gas prices they are going to raise them up. >> no one likes to pay higher gas prices. i live in los angeles so you can imagine how i feel about it. you see usage of mass transit rises and car pooling rises and people start to focus on preserving energy. in the long run, in the long run, a gas tax may be the thing to focus our attention of getting off reliance of foreign oil. >> dennis. higher prices got my attention. >> and gasoline has to be $8 before green alternative look like they are automatically viable. put a five dollar per gallon

tax. we had a major fight in washington and now we would raise the gas tax for every one dollar at the gallon at the pump is 100 billion in consumer spending. our economy can't afford it, guyings. >> victoria maybe it is because of the green dress. go ahead. >> i know, i know. it is not the dress. no, i am generally in favor of a gas tax. carbon is something we do not want more of. we shouldn't be taxing things we don't want. let's not tax income or well creation . but yes, let's tax carbon indirectly . that said. don't do it right now. i agree with nowitzki is the time to do it. they don't tax us when times are good and times are bad. >> if you want less of something you tax it more.

and i want more of my money. we are talking about bailing out the states who plundered the tax kitty that made off of the backs of the poor and middle class. and three years and one billion is what maryland raised in their taxes. they put it to general fund usage. this is a fox designing the hen house and they want a constitutional amendment to avoid voteses to avoid permanent increases. that is because the government is backing electric cars. they are reducing the gases and they can maybe have less tax revenues coming n these are the foxes running the hen house. and don't trust them. cut your spending first. >> the maryland governor is for it. hoe is a democrat .

virginia governor is against the gas tax and he said it would kill the steady economic growth he experienced. is he right? >> it would hurt the economic growth we have had. the maryland governor is a big young guy. it would go in the pockets of uniworkers because they are trugling for cash and this is the way to fupped more unijobs. you look at the states where the inflation is going up the most. taxes are going up faster over the years. they don't look at inflation. but only in specific things that line their pockets. >> that's what kills me. when was the last time they fill would up their car or gone to the grocery store. >> only time they find inflation is an excuse on the gas tax. they are looking for excuses. it is big government and time

to put them on a dive and don't give them more to eat especially the junk they take from the real resources of a hard working people. >> that's the last word from steve foshes. -- forbes. and now warnings and all of those gold profits could be about to burst. that is good news? there is it a flip side coming up right after this. i've got nothing against these do-it-yourself steam cleaners. lugging around a hot water extraction unit can be a rush! that's why i'm carpet for life.

but if things get out hand, there's no shame in calling us. ♪call 1-800-steemer. for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and set it up someplace." so my parents went to bank of america. they met with the branch manager and they said, "look, we've got this little hot dog cart, and it's on a really good corner. let's see if we can buy the property." and the branch manager said, "all right, i will take a chance with the two of you." and we've been loyal to bank of america for the last 71 years.

golden era about to pop might be the best thing. most companies worried about holiday sales but not all.

>> one of the most sound investments in this rocky market taking a dive. this week. many are worrying it is the latest bubble about to burst. rick said it is good news for your investment. explain the flip side? >> i am thrilled when gold goes down. when it goes up it is a signal that people are worried about the future and a signal that our currency is weakening . when gold falls it is sig thal that our currency is strengthening. >> in this case italates. >> no, it. the insolvent countries in europe are dumping gold to raise carb. it is not the dollar getting stronger. it is it a race to the bottom and europe is worse. >> rick, we'll give you a

chance to agree with rick. >> i think they both make sense. i think gold falling is a sign of the dollar getting stroppinger and people moving money in their own investments and it is a good thing. >> they have gold ties on. and the fact is, a lot of people that invested money in gold over the past two years. should they be selling or holding. >> gold is only good what the investor is willing to pay for it. the dollar is looking better because of what is going on in europe. the dollar is not in a good strong position right now and mike is right. what is happening in europe. bankings over there are dumping gold to raise dollars and settle trades and central barchings. they may be dumping gold as well. they have been hording gold of late. >> for all of the people who

have gold. they should be selling or panicking themselves right now in >> no. they shouldn't sadly. the federal reserve will come to their rescue. >> in what way. >> the feds prints more money. gold prices go up. >> and gold got ahead of itself this summer and it is people who are selling gold to raise cash . we are not yet to a gold standard. we'll be that way after the elections of 2012. >> is this any indication of whether the feds print money or not. >> i hate to disagree with steve on monetary policy and the price of gold. gold is unproductive investment and money coming out of gold and going in stocks, that is a positive development. and the only reason that there is going into dollars is

because europe is collapsing it is a temporary thing that there is a demand for dollars. i would be pleased with the fall of the price of gold. right movement and wrong reasons. >> if you are investing in gold it doesn't gold the way business does. >> but i have a gold filling; i would think it would be over 2000 an ounce. >> that is cash or dividends. >> you are not investing in people. you are investing in people and dividends. >> not all companies feeling the cheer during this crucial holiday spending season. there are big winners out there . our informers have names wrapping up huge profits, that's coming up next . worried he'd yet to hear of mutual funds, iras, or annuities.

back then, he had something more important to do. he wasn't focused on his future but fortunately, somebody else was. at usaa we provide retirement solutions for our military, veterans and their families. from investments... to life insurance... to health care options. learn more with our free usaa retirement guide. call 877-242-usaa.

>> it is better to give than

receive. the stocks will be lighting up this season. >> google is giving them apps. it is a run for their money. >> google's best days are behind it buy walmart and second largest on line retailer. >> you have great days ahead, dennis. kim, what of walmart. >> small margin and expensive. and surprising for cheap scape dennis. >> you like costco. >> i did. they bought back nine million in shares and plan to spend four billion more by 2015 . great indication of more growth. >> buy backs mean that they are about to go up. >> talking about letting shares get out of control and expenses out of control. go with walmart