bulls and bears this week, gary b smith, tobin smith. jonas max ferris and gary and susan. gary b. win for unions and big loss for jobs in. >> absolutely, brenda. look, i'm going to try to take my opinions out of it and i just went to some sources and we'll play a little who said this. the first one, cause of long-term unemployment is unionization, high union wages that exceed the competitive market rate are likely to cause job losses in the unionized sector of the economy. you know who said that. >> gary b smith. >> lauren summers who used to be advisor to president obama. now what the federal reserve said. it said unionization has about the same effect on investment as a 30 percentage point increase in the corporate tax and two more, brenda, there's a 2010 study out. unionized firms have profits that are 10 to 20% less than nonunionized firms. in study of 510 firms. the growth of unionized firms was zero. brenda, aim i'm not sure how much of a message this says about unionization, it will be flat-out horrible for employment and for the economy. >> brenda: interesting, susan, what

the bulls and bears this week, gary b smith, tobin smith. jonas max ferris along with mike norman. welcome to everybody. gary b. time to toast to an economic turn around in 2012. >> what did pink say? let's get the party started, brenda. and i can come up with current-- >> oh, very good. [laughter] >> pink is still current, right? listen, i think the underpinnings are there as opposed to what most or many people think of a very good year in 2012. look, and let's kind of take them one by one, quickly. unemployment is not great, but at least leveled off. housing starts, the other big part of this equation was up almost 9% in november. households have a lot of cash onened had a. debt levels are compared to household net worth are the lowest they've been in like 20 years and companies have a lot of cash on hand. so, it's the green sprouts. i think we can finally start using that in reality are there for really a terrific 2012. >> todd. are you in such a celebrity tri mood? >> definitely not, brenda. look, if all of those things were actually true that gary b was talking about, the mark

. >> and tobin smith, jonas max ferris, and small business owner amelia a, and a senior advisor at the treasury department. amelia, which will get more americans working, payroll tax cuts, or that pipeline? >> this shouldn't be hard for anyone to figure out. the pipeline. the tax cuts are temporary and not going to change the uncertainty for small businesses and not going to put that much money in the the bottom line for us to go out and actually spur unemployment, so, the pipeline absolutely hands down, short and long-term is better and for the future growth let alone changing the power to bring us as an alternative back to the u.s. for oil. >> brenda: you like those payroll tax cuts, huh? >> i do like the payroll tax cuts. the tax cuts pay for themselves. look, this pipeline, it's a pipe dream. it's not going to create the jobs that everybody says it's going to create. the g.o.p. is trying to mange it out to be that this is an environmental argument, that they're going to actually be able to pump in all of this oil, the oil sands to the gulf of mexico and a lot of people digging ditc

the bulls and bears this week, gary b smith, tobin smith. jonas max ferris, along with jim la camp senior vice-president at macro portfolio advise,and john thomas financial's chief economist mike norman, welcome to everybody. jim, all of those arrows, the up arrows not impressing you yet? >> no, not at all. i mean, look, we've got 64% participation rate in the labor force, way too small and lowest number since 1984. we have 315,000 people that dropped out of the labor force, that's not acceptable. we're already in the fourth year of this recovery. keep in mind, previous recoveries have shown jobs growth in the first two years, but i'm not worried about that. i'm not worried about the fact that consumer income has not kept up with consumer spending, so, it's coming at the expense of savings, i'm not worried about that either. i'm not worried about expiring depreciation schedules and expense amortization. >> what are you worried about? >> i'm worried about the credit crunch that is coming. and the market is completely underestimated. >> brenda

smith. john sommerville. lindsay sommerville. james stowe. geraldine anee stevenson. john stevenson. rachel stevenson. michale and charlotte stinnette. ilia stratus. [speaking names] anthony swan. mark pager. [speaking names] jonathan wright and thomas. mark tobin. barry joseph valentino. assad idi. [speaking names] luise anne rogers. raymond wagner. janine wyado. thomas walker. keisha weidon. jerome weston jonathan white. bonnie williams. britney williams. erik williams. george williams. stephanie williams. miriam will fall. -- miriam wolf. debra woods. joe nathan woods. joe nathan woods jr.. mark steinberg. and we remember. ♪ remember, remember, remember. ♪ remember my words, remember my voice, remember my heart. remember my hope, remember my love, remember my dream, and remember my home. ♪ remember my life and always be strong. remember my love and remember my home. ♪ remember, remember, remember ♪ words.ber my remember my voice. remember my heart. remember my love. remember my life and always be strong. remember i love, and remember my home. ♪ >> you're going to go a little bit out of order. we were going to have robert muller, but instead, we are moving up the attorney general, partly because he has to leave and cannot stay for the entire