no one knows what to expect about anything. we have an anti-benefit administration . over 60 taxes are going to go up. oh, my god come the end of the year. that is uncertainty like you can't imagine. how do you plan. >> do you think that would help the jobless now. >> you wouldn't feel it right away. the american sentiment is low as it has been in years. it is lowest it has been in over three decades. you have to have jobs to raise taxes and that is what is worrying is the community. these guys are absolute bafoons. and to his point consumer confidence is at an eight

month low. they are not going to be high. maybe congress can change that. taxes are at 15 percent of the community and that is a historic low. the idea whether they are going up on people. >> and bloomburg indicator show that it is up. other than i think it is up. that is kind of a saginant phase . it is better than it was but still problematic. >> it is on the middle class

and lower income people. wayne rogers let's get you in here and talk about whether the issue is and wage low . we saw it in the manufacturer sector. they are not making as much. but small businesses could in fact potential start to hire again. and they are not confident about their hiring . yes, and no. look at the jobless report. it was terrible report. and that's one of the things that destroys. confidence. you can see it going up as to opposed to going down. it is a theor yeadvocate government spending. you have to cut spending as well. you are going to let taxing go. you are dead.

it is expiring and the fact that they are spending more. >> and how can you have that much confidence andendless entitlement programs. >> and not only hurting consumer confidence . it is hurting producer confidence. it is the end of the productive process. they innovate and take risk. and a lot of those are not millionaires and billionaires. they are just a couple of thousands of dollars and they are making 50,000 . and that type of activity doesn't inspire confidence. >> jawhat johnathon and tracey is saying. it would go high again. it would go higher if

businesses were confident what the tax tructure would be. we'll talk about that in a second. consumer confidence return to what is in front of their nose. and that is point one . point two in terms of the economics in just a second. if you look at numbers before obama came in. we were at negative nine percent growth. that is an len point positive swing. we are now gaining at 6 month average. it is a average of 200,000 a month . the evidence is strong and it works and i agree with wayne. you do that in a medium to long term. they have grandstanded on and

not taking the hard steps on. >> you are putting lip stick on a pig here. things are not that great. things are better than when obama took office. no doubt about that. but look at consumer confidence. bankruptcies and you have california 16 billion in a hole. and detroit bankrupt. and providence bankrupt . our congress is doing nothing. they are growing . a lot of them are growing. >> i disagree with the notion that it creates confidence. they are going up. cheryl. and it is going to be used to fight the nazies or militant islam. it is feeding the monster that is the government. it is taken out of the private sector and sit down to

washington d.c. to be pinched away. there is a looming debt ceiling. and we are not seeing it happen in washington. we'll be gejavuall over again. and you watch it tank again and that is the confidence that people have in the economy again. it is none. it is a shameless jobless figure and if congress could do song they would leave it alone as it is. why is that hard pill to swallow. >> because they are id idiots and but fons. you have an iq . an iq of minus . that is not individuals. that is the entire congress. these are people who have not

rain history or understand economics whatsoever. they spend because they don't know any better. republicans like alen simpson saying you have to compromise on spend where is your compromise. and this is what you say you do. wayne, go ahead. >> let me finish, please. >> this is the simpson bowles report was totally ignored by both parties. and the president ignored it. and i am not talking about democrats are republicans. and it is a good report. and paying attention to it and we have a commission and doing something . no one pays attention. and both parties ignored that.

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they have a value in how it benefits mankind . if they had the benefit to someone. it is taxpayer dollars. and this is part of the program and million dollar program. and that saves the ozone layer. >> as i understand it. it was a combination of public utilities. and it is not coming out of the government's pocket. >> that is in partner ship with them, wayne. it is coming and that is a fair enough point. we did this for cash for clunkers. and at this point considering the fiscal condition of the

country do we need to reevaluate the way it is. it was part of an effort to jump start the audio industry . that is why they are doing so well in michigan. as to johnathon's point there is little extend pure of government taxpayer dollars here. and let me finish the point. they love this program and utility likes it because it helps them get the clean air and in terms of what people are worried about. we are talking about americay. and things that are hazardous. and this is in the interest of the companies to do this. >> there is no best entrance

of government force. what about the three billion in green grants that went to associate and friends of the obama administration. that is. you can't back down. and that is. julian it is not soft at all. >> tracey? >> here's the question though. should the apa praise these companies or does it make sense in the end of the day. it is calling it successful and that is laughable. and so to do this again . repeat the same mistakes over and over again. it is intain and goes to show the administration doesn't

understand what works. it is the operator and producer people and energy companies six months from now. they will be singing the blues. and hold on really quick. you haven't spoke yet. you will be saving money on the electric bill if you crush the refragerator. they go out. >> it is all about how the government does these things and back in the cents and 80s. the ozone layer is gone . they can do certain things right. and only 10 percent of them were surveyed. and for 10 cards and 75,000 is what you spend. and that is how the government runs. they can't run anything that

is not the way you do it. it might have been expensive for a car. and at least general motors got a boost. >> and that is. and that is totally different. and cash for clunkers was a shock and they say it helps but this has nothing to do with that. and this is cooperation between state and utility companies . it seems to be working okay. it is not costing an arm or leg. and all right. guys. a good discussion and coming up. deep in debt. so do the number of hand outs.

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>> hello, i am uma from washington. first time leon panetta is offering a strategy saying that 50 percent of the american war ships will be moving to the asian pacific. more of gross money mismanagement . 95 high ranking and travel

epences over nine months. and they are calling for another investigation . the chairman is describing the scandal another dramatic melt down. local media reports said they were not following procedures. they will have more on this and also sentencing of mubarack behind bars . >> hand cuts and entitlements in america . a new report found that half of all getting government aid. you say we are a entitlement nation. >> it has to stop. social security was passed in the 1930s. life expectancy was fren and

now 77. we have to stop it and bring it in . they don't have the gut to do it. >> john, we are getting worse in the entitlement country. don't worry about food stamps. we talk about long term unemployment benefit. we are giving out money. and pol cisions is the number one goal in life is to get reelected. and the big piece is unemployment and we need to readdress how much we are willing to extend those cuts. we are on a bypass to having entitlements and pick up in the spending. the problem is 70 percent of

the people getting entitlements are seniors or near seniors. when you see the obama administration trying to cut billions from the medicaid program. and we need reform . people who don't need entitlements shouldn't be getting it. >> tracey? >> they are looking for a hand out incentive and i mean, this is rilick lows . half of our population received a check. and they say where is mine . as a result it gets worse before it gets better. and johnathon the last word. the founders misunderstood that if you something else. you have to train for it.

and now, who need itself? the poor and eldarely and general motors it is a long, long list. it is your mortal duty. and there are many americans who are needing it. and thanks for having me again. coming up. and every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business, it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $6.4 billion in needit to small businesses across the country last year. because the more we help them,

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and help stop further joint damage with humira. it's the travelocity spring into summer sale. you can save up to 50% on select hotels and vacation packages. so book your summer vacation now and save up to 50%. offer ends soon. book right now at travelocity.com. >> time for i need to know for next week. >> a slow global economy means all prices are depressed. c-drill is a great company. i love this company. >> bright spot. and wayne roggers what do you have. >> we have the facebook

debacle was a disgrace to the retail . if you are a retail investor and they sell you a big wad of stuff like that. throw it away . look for safety. >> and cys. >> and that's a wreath. >> and all right. putting it out there. i was distracted by the trash can. johnathon. >> one message to mayor michael bloomburg. he wants to ban all sugary drinks and it is hurting and not hurting dr. pepper and snapele. >> you got the 32 houncer going. that was cheryl and governor walker's reform and higher taxes for all of us . we'll be watching and tracey, you just mentioned this. there is so much on line in the badger state.

and neal cavuto will be all over it. and we'll have it. >> and that's it. have a great weekend. >> mubarack sentenced. the former egyptian president will spend life behind bars. hundreds of protestors in the country and breaking news concerning his health underway . this is by people who work at home and spending 100's of thousands on travel. and claiming that the media is kept in the dark about another tsa security failure. what we know so far . weekend celebration are underway for queen elizabeth's diamond jubilee. live from the nationa's capitol and starts right now.