i can't get enough of elizabeth mcdonald. and all of you were talking about how the most important thing we have jobs and jobs now. so don't you know that this week, university of chicago business school releases the survey and what did they say 93 percent of them agreed that the stimulus not only created an enormous number of jobs but saved us from a much worse economy. we need more. >> and it was economicist that got us into the mess. >> i think we should be asking them, too, rick. i looked at something that economist can't aagree. you apply multipliers and you do these odd gimmicky things. the bottom line is that american people are smarter and if you do stimulus and pump money in the system we pay for it later. can or you are punishing favorites. it is not what it used to be. >> morgan doesn't cheat money. it is making money from our pockets. and that is no good. there is a case of would of, should be could of. and it is another recession. we are continuing to spend. i do think we need it and going back to the report. i h

elizabeth mcdonald . michael. and rick and john. we found out that senator harry reid will tout another round of green programs. are they working? >> they are not. they are costing $200,000 per job. compare that to the american venture capitolindustry. it is 1-10ths of the cost in the private sector and the government is not keeping pace to what is going on in the world. by the time it funds the company it is way behind the . by the time solyndra got funded the chinese price was far behind what solyndra could batch. and so, you know, there is a pave involved . and rick, indeed, the government and senator harry reid are doubling down on let's be realistic here. it is a fact of life. and if we do this rich's way. we would be raising the white flag and china is spending enormous amount of money subsidizing the solara we want to have our kids to work for the chinese or own the companies. if we end up as an also ran, this could not be a good thing for the united states. >> and it is not just cars and batteries by the way. the government

i am david asbin and let's go in focus with elizabeth mcdonald morgan and rick and mike, mike, will costs go up. >> insurance premiums will sky rocket. johnathon grumer and a big advocate of the obama care and pushes of the plan pointing to has gone from saying insurance premiums would go to 30 percent two years and states like minnesota and colorado and wisconsin, they are 19 percent more had obama care not been law. >> rick, it is not for everybody. he said that 59 percent of the public would spend 31 percent in premiums. ine people who supported people in obama care say that premiums would go up. >> i hate to shoot it down. i tell you where you got that information. you got it from an e-mail sent to the daily collar and reprinted by our colleague at forbes if you read the washington post which i will make available to you and the viewerings. he set the record straight. he never said that is what is going to happen. the question is, will the aca play a role in keeping them lower than they would have been without the law. what we are focusing on is the provision of the law to bring down

i am david asbin and let's go in focus with elizabeth mcdonald morgan and rick and mike, mike, will costs> insurance premiums will sky rocket. johnathon grumer and a big advocate of the obama care and pushes of the plan pointing to has gone from saying insurance premiums would go to 30 percent two years and states like minnesota and colorado and wisconsin, they are 19 percent more had obama care not been law. >> rick, it is not for everybody. he said that 59 percent of the public would spend 31 percent in premiums. ine people who supported

elizabeth mcdonald . michael. and rick and john.

victoria barrett and elizabeth mcdonald. and morgan and mike, do we need more stimulus?> no, stimulus killed the recovery. investment had shrunk two consectative quarters in this country. and vice-president

fox's elizabeth mcdonald explains. >> reporter: people might have to start getting used to the idea ofstarting much later in life. the ceo of aig saying in an interview over the weekend that raising the retirement age up to as high as 80 years old is the key to solving the european debt crisis and the crisis here in the united states and other financial problems throughout the world. >> we haven't accepted one thing that has happened to society in the last 20 or 30 years. we are living longer. >> reporter: he talked about this issue with neil cavuto on the fox business network several months ago. he is now repeating his call for hiking up the retirement age in all parts of the world saying it would make everything from pensions to medical services cheaper. right now, in greece, according to published reports, the average life expectancy is 81 years old but the effective retirement age is under 60 years old. the new socialist party president in france has pledged to cut the retirement age, lowering it from age 62 to age 06 while jacking up corporate and bank taxes and introducing a new

elizabeth mcdonald joining us now. i'm curious what the banks are saying.have money in the bank you don't want to hear their name as having been downgraded. >> that is important point. the government says if you have a deposit in any of these banks they are fdic insured, you have no worries there. this has to do with bank profitability and whether it is going to crimp loans in any way. the banks say no bank lending will not be harmed by the downgrades. what moody is essentially saying is u.s. problems with the economy and europe is weighing heavily on the banks, and the banks are sort of looking like they were after the latin-american debt crisis in 1980. for some time we've known the financial sector has been below investment game. moody's is late to the game six most after s&p downgraded 15 local banks. the banks are coming back swinging, they have been using withering language attack being mood dees. they say it's as arbitrary, unwarranted, because their balance sheets are stronger. mood dees is saying we have a rocky neck recovery coming. citigroup is s