with me now is republican strategist terry holt. much for joining us. >> thanks for having me. sandra: so 163 million people are going to be affected by this if it happens on january 1st but doesn't seem like we're really hearing from anybody on it. nobody seems really concerned. why is that? >> that's because there is bipartisan suspicion that this particular tax cut doesn't have any real long-term stimulative effect in the economy. there are folks who disagree. some liberal members of the house of representatives are really pushing hard to have it extended but once upon a time, the fica taxes, those are the taxes that go to social security, and to other entitlement programs, that kind of a proposal would have on about seen as a raid on people's retirement fund because you know, technically, it is not true, but technically those dollars are supposed to be set aside for social security and so forth. the real elephant in the room is the big tax cuts that are going to expire on january 1 and that could really have a toxic shock on our

terry holt, karen finney, good to see both of you. >>> making news this morning, a 21-year-old man fromadesh is in u.s. ccustody accused of to blow up the federal reserve building in new york city. officials say he had what was believed to be a real -- what he believed was a real 1,000-pound bomb in his van. he tried to detonate it, but it was a fake. investigators believe he came here with a specific purpose of launching a terror attack. >>> the family of former u.s. senator and presidential candidate george mcgovern says the 90-year-old is no longer responsive. mcgovern is in a hospice at his native south dakota. he was the democratic nominee who ran against richard nixon in 1972. >>> "newsweek" will print its final edition at end of this year. almost 80 years of publication done. the magazine shifting to a digital-only formal in 2013. they merged with "daily beast" in 2010 and has a growing readership on the kindle and ipad. >>> secretary of state hillary clinton, is she really leaving public service when she leaves the job in january? we'll talk about her future coming up in ten min

our cnn contributor, the democratic strategist, donna brazile, also the republican strategist, terry holterry, from the president? >> very, very cute. i'm not sure that it's going to break the problem that he's got that people are thinking about the economy and its failed foreign policies, but it's a cute line for a speech. >> donna, what do you think about this -- do these really have impacts when they come up with these clever lines? when the president says he's interested in wall street, not sesame street and all that kind of stuff. >> oh, it might stick, wolf, because in truth mitt romney is running from his previous record, whatever that was because he constantly change it. but the facts remain the same is that mitt romney was a moderate who became an extreme severe conservative and trying to become a moderate again. we wake up tomorrow morning and he's a liberal, but don't worry he'll be conservative on sunday. >> i saw john mccain. he's doing a lot of campaigning for mitt romney. he's been in new hampshire in the past few days, a critically important battleground state even though