scott fitzgerald factor. companies that depend on the rich can thrive in any environment.won't pull in their horns, just because of higher gasoline prices or even higher tax rates and we have to monitor this behavior. that's why tonight i wanted to introduce a new index of stocks that "mad money" has created, an index designed to measure the strength of the high end aspirational consumer. and in honor of fitzgerald we are calling it the gatsby index. if you read "the great gatsby" in high school or maybe after, then you know that what we're talking about here is famed wealth as much as real wealth. but here on "mad money" we don't care about new money or old money. mind you, before we delve into this newly created gatsby index we aren't recommending these stocks. we are simply using them to track the behavior of the rich and the drivers out there to measure how much buying power they have. so who belongs to the gatsby index? tonight we're rolling this one out in two pieces. we start with the high end retailers and then after the break we'll talk about the pricey gatsby foo

scott fitzgerald effect. last but not least, we have michael kors. kors is a high-end making of accessories, especially handbags. unlike coach, they're seeing remarkable strength right now. they do make a product that people are willing to pay extra for. now, kors just reported back on february 12th and they blew away the numbers, we're talking about a 23 cent earning beat off a 41 cent basis with a much better than expected revenues that soared 70% year over year. they're not seeing mark downs. their customer base is responding better to their products. michael kors has 297 retail location, they increased the store count by 30% last year. ever since the quarter -- ever since -- every single quarter since kors became public they're able to achieve sales growth of at least an astounding 35%. no one has this growth. this great growth and gross margins are going higher. kors has become the new face of luxury in this market. that's not necessarily something you can quantify very easy, but even though it's two or three -- i still think you can bank on it

scott fitzgerald -- the critics can't figure out what is a t-shirt. he made it up. it wasn't -- it was -- often writers and presidents create a word on purpose to create a stir, a moment of interest in what they're doing like norman mailer -- norman mailer created the word factoid, something that was not a fact at all but a piece of conventional wisdom that was wrong but now it is used to mean many fact or small fact. >> i missed the first part of your sensation. may be addressed that. what do you think of in new word from the white house becoming popular, something that might be forgotten or lost? >> absolutely. that is the whole business of creating words and i quoted the lexicographer who said a word is just a single unit of communication and just because it is not in the dictionary doesn't mean anything. don't have to be a cutter to be a dog was for one liner. there is no reason you can't make a word. i have been working for years to create a couple words. i created the word demonym, and there was never a word for those names for places where people come from. i

scott fitzgerald said there are only second acts in american life.s -- this is the twa goes. >> and there is soist said. >> president obama's immigration plan leaked over the weekend. we'll talk about republicans not very happy about that. the bipartisan proposal already been discussed. now dead in the water? we'll talk to republican michael burgess straight ahead about that. and remember marco rubio needing a drink of water? we predicted it would be spoofed on "snl." it was. that ahead. back in a moment. helping yout your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here are google users? what if i was to tell you that you would actually like bing way mor

scotts fitzgerald is wrong.re second acts in american society. >> so the sequester is friday, steve -- >> there are three charts that will prove that right now. >> explain. >> i don't know if i have enough time to convince you, joe, i will do my best. >> let's try. >> you hear a lot of people on the right saying these cuts are no big deal, 2.3%. any business can cut 2.3%. they don't affect the entire budget. 40% of the budget. defense will be cut $42 billion, taking a 7.3% cut in its budget. non-defense discretionary, the investment we like to talk about. >> 7.3% in the budget and we have to blow this out a little bit. be patient. is that in real dollars, in projected cuts? >> in fairness from the proje projected baseline budgets in itself has modest cuts. not real cuts but cuts. >> we're slowing down the rate of growth. >> true. but you also have inflation. anyway, let's do this in a relative one. 7.3% for defense. 5% for non-defense discretionary, education infrastructure, transportation kinds of programs we l

scott fitzgerald quote? mind at the same time without going crazy. >> that's you. >> we're not even talking about that here, we're talking about like a grizzly bear going about his day-to-day activities and still being able to plan for hibernation. this is not hard. >> look at that. >> we can take care of short term investment and long term debt, peter, can we not? >> absolutely. i'm glad you share the frustration. this is the sensible thing. i think it's more feasible than trying to do either one by itself. >> if it's most tenable, why can't it happen if it make s s sense politically? >> paul krugman was on the show and saying washington can't do two things at once. eric is coming up and talking about how the doesn't want the republican party to just be the party of cuts. but everybody should agree we have to take care of that long term debt or the markets will turn on us and it will be a vicious reaction. >> i am convinced if you did more delay ed deficit reduction paul krugman and others worried about und

scott fitzgerald would be very disappointed, they cannot hold two conflicting ideas in their head atdeas that are complimentary, they fit together. >> because if you grow the economy in the short run, that actually takes down debt in the long run. you're right, they're not even conflicting. i guess they can't walk and chew gum. >> so it would seem. >> read the really nice one. we got so many of them. >> here's one. hey, blank, word i can't say, the job crisis is here now. and it's dangerous to suggest we concentrate on the debt now. >> i would like to just blame that ignorance on a lone twitter follower in his mom's basement in his underwear eating cheetos. there are a lot of bloggers that also confuse the difference between the deficit and the debt. and it's mind boggling. krugman followers somehow, like you said, they can't figure out that we can grow the economy now, and we can plan for the future at the same time. and again, they're complimentary, but it's frustrating, leigh. i mean, the debt crisis is upon us. we plan for it now. we grow the economy now. it helps us later. >> it

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scott walker. [cheers and applause] >> thank you. thank you. thank you. [applause] thank you. thank you. mr. speaker, speaker voss, president pro-tem cramer, president ellis, majority leader fitzgerald, minority leader larson, minority leader barca, members of the wisconsin supreme court, constitutional officers, tribal leaders, members of my cabinet, distinguished fests, members of the legislature, most importantly good evening to the great fellow citizens of this great state, the state of wisconsin. it is my honor to speak before you tonight. before we get started i would like to introduce the first lady of wisconsin, my wife, tonette, who is up in the gallery. [applause] next to it. onette, are our two sons, matt and alex. [applause] they change quick. matt came over from college right after his last class. alex came over as his day at in high school. next to them are my parents, lou and pat walker, who are right there as well. [applause] and right next to them is my brother david, my sister, maria, and the two most beautiful girls in the world here tonight, my nieces isabel and eva. [applause] now if i introduce anymore walkers my boys will be upset with missing the kickoff, not