we're talking about 300 million people and 15 million would be independentin benefitingfrom the wage increas. so in the context it will b be a small number. >> we are it will be a shot in the arm to the macro-economy, but it won't be huge. it would shift $35 billion to minimum wage workers. so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal costs per hour have gone up 10% to 25%? >> well, you have to put that question in context. first of all most of our low wage jobs are in the retail and service industries. a study was done on impact of raging minimum wage to $12.25. in the real retail industry that would amount to 1 hers of annual sales. 6% of payroll. so

when youave the government, you're going to see fee increas, tax increases -- >> but i have to say the government shutdown wasn't bad. the market went up, manufacturing went up -- >> but that wasn't bad. that was bad because it hurt the republican party. >>>> well there, is something t be said to that where you liked it or not, it hurt republican and maybe, ed stein, that's what they were focused on. paul ryan wanted to get the attention away from them and focus on the spending that they didn't control through the budget measures. wt do you think of it? >> well, the spending is so out of control it's insane. the idea of a tiny fee or tax whatever they were going to call it is going to have much effect on the budget is nonsense. there's probably atraveler and afft thedeficit very much. we are in such a deep, deep hole. this is a cosmetic effort. mr. gasparino has it right, it's meant to keep from embarrassing the republican party, but in tms of the long run it does nothing. >> but then what are you worried about, it's not on private citations, do they? >> i fly a regular plane like the

hower, in the short run, increas of particular imports -- ca, textil, whatev -run, cadefinitelyosjobsose indusie th, agait the gain of having cheaper gos for nsumers, you cahave painful diocations in specifidostic iustries. al, the long run ovewhich exports and ports e likely to balance may be ry long run. have been runng maj deficits with japan foyears. good news in terms of getting cheaper goods, bad news in terms of a downward pressure on employment. still, in total, the gains from comparative advantage tend to be so larg that economis, unlike phaps ao workers orexti, are willing to wai r the long-term adjustments to work out. ofourse, if the other country is comting unfaiy, then that is another matter. on the football field, america liin politics,n, before the law, and in business. an even match on a level field seems to be the best way to decide the best team, the best candidate, or the best buy. but what happens when a foreign company, a company beyond the reach of american law, doesn't play fair? what happens when free trade isn't fair trade? the american steel industry. modern

reduction, what's not being shared in the media, when the seice member does reach 62, that cost of livi increanease where they didn't participate for all of these years potentially, they get caught up at the age of 62. wounded warriors, there's no reduction. there's reduction of 1%. inflation minus 1%. it's a difficult decision, lou. that's why it was not easy for me to vote for this. i pulled this voting card in my coat pocket out, i have a choice, green for yes or red for no, this isn't i wish i had a different choice button there. i looked at the sum of all of this, what's important here, lou, now we're going to return to regular order, there's not excuse for any member of or democrat, to get back on mandatory. >> fair enough. any excuse for the republicans or the democrats to put the country and the politics of capitol hill in position to shut down the government after the new year as you move to the next issue is the debt ceiling? >> i struggle with this as a businessman, i'm still an owner of a business, it really deeply affe our business if we went into any kind of default, but at the s

common side effects include skin redss or irritation where applied, increas red blood cell count, headacheea, vomiting and increase in psa. ask your doctor about axiron. many sega holiday sales will go nowhere. not exactly free to do what they want. they have kids end they cannot shop because the kids want to their attention and. so go get aid him in the way? what the stake? >> i actually fate hillel take those people who want to shop of blind not fight the traffic they have to spend a little time on their phone connected to use the internet. they will find some time and get it done. >> it could go the other way ? >> there is a good boy this is the abbreviated seasonally 40 days we lost five days of good shopping because of the winter weather so amazon floods cope with the of five advertisement so folks are stuck at home kyle the walls are packed so a lot of people will flock to amazon and ebay and they will benefit definitely this season. >> coca-cola tried to put an end now it is releasing another low-calorie drake. they are all confusing with 0 calories but doesn't that cannibalizes you

patients also taking aspiri and the elderly are at increas risk for stomach bleeding and ulcers. don't take celebrex if you have bleeding in the stomach or intestine, or had an asthma attack, hives, other allergies to aspirin, nsaids or sulfonamides. get help right away if you have swelling of the face or throat, or trouble breathing. tell your doctor your medical hisry. and find an arthritis treatment for you. visit celebrex.com and ask your doctor about celebrex. for a body in motion. >>> time for a quick check of the headlines. france's president says his country is raising its troop level also in the central african republic in hopes to stabilize the region followi ii bloody clutches between christians and muslims there. >>> new information in the case a missing new hampshire teenager, 15-year-old abigail hernandez has not been seen since early october, but now law enforcement officials say she wrote her mother a letter postmarked after he disappearance. >> and bob dylan's fender guitar seing for almost $1 million at auction, the same guitar he played that marked his move fro