how do you respond to what joe grano is worried about? does that put a cap on the growth of the economy? does that put a cap on the ultimate return. >> i'm saying pre-lehman, 11,000 or 11 to 1200 on the s&p. does that limit the prosperity rebound? >> i think it does. it's major threat to it. if we're going to have more government and larger deficits, we're going to have higher taxes. whether it happens today or tomorrow, the fact is consumers start to behave as though it's happening today. consumers anticipate pretty accurately where their income and taxes are going. we really have a government that's almost out of control. we have these thousand page pieces of legislation that have all kinds of earmarks and pork barrel projects. the real goals of these legislation almost defy the point. it seems the government is out to spend money and be more and more in our faces and all sorts of areas of the economy. that can't be good. i'm rooting gridlock will win out and this health care debate is very very important. there's a counter revolution o

and joe grano. joe grano used to run painewebber before it was bought by ubs. he basically asked grubel if he's interested. he said no to that. then what happened, it's fascinating, grubel turns around and calls up bob mccann and says listen, i don't want to sell it to you but i may want you to run it. and they've had extensive negotiations and discussions. i also hear he's had discussions with other people. but from what i understand, on the short list is mccann and the guy from wachovia. that doesn't mean that mccann's going to sign the deal. i mean, listen, working for the swiss is not exactly a walk in the park here. i mean, talk to anybody that worked for -- - >> but the chocolates at christmas, charlie, offset all of that. >> what's that? >> the choblths you get at christmas -- >> oh, yeah. wonderful chocolates. >> it's worth it. >> but bob mccann -- >> charlie, very quickly, i just want to recircle back to this tax issue. what effect would that have on the selling price, the brokers that work for ubs as well as the clients that have accounts there? >> yo