. >> david asman, on fox, now. >> only 115,000 new jobs in april, a whole lot weaker than what was expected, and not nearly enough to keep up with population growth. some at forbes blame it on the ticking tax bomb, that is spooking job creators, less than 7 months, dozens of tax cuts set to expire, is that threatening a jobs recovery? hi, i'm david asman, welcome to forks forbes on fox, and michael, victoria, elizabeth and john, and rick runninger. michael. >> the potential for tax increases is killing the economy and we saw it in the manufacturer's survey and the index came in lower than a year ago and two years ago and seeing it in stock prices, based on forward earnings are cheaper than a year ago. that should not be what is happening in a recovery. >> and, rick, this is what is spooking the job creators, the private sector. why they are not hiring. >> see, i would say sometimes worrying can be a very good thing. look, we have a unique opportunity coming in the lame duck session, that will come around after the election. and my sources tell me the pressure of the bush tax cuts -- and whe

. >> david asman, on fox, now. >> only 115,000 new jobs in april, a whole lot weaker than what was expected not nearly enough to keep up with population growth. some at forbes blame it on the ticking tax bomb,

we want to talk more about this with fox business's david asman. re getting better on the one happened, david, but these really high numbers when it comes to foreclosures. why is it taking so long? >> well, first of all let's talk about the government's claims. the government is claiming everything is hunky-dory. five million people are in their homes that wouldn't be or at least getting loan modifications. turns out if you parse through those numbers as you have done, jenna, you realized they're talking about people that have begun loan modifications the permanent loan modification is much smaller. just over one in five homeowners who actually applied begin the process actually get a permanent reduction or permanent modification of their loanses. but what's happening now, the good news is that banks have tightened up their standards a little bit. and as a result of that they're giving out better loans. remember the old liar loans and teaser loans? this is back in the era of 2005, 6, 7, 8, that led up to the financial crisis where people were given