brenda buttner, this is bulls and bears, here they are, the bulls and bears this week, gary b smith, tobin smith, jonas max ferris along with walker stableton and steffen, gary b. it turns out not just the rich, but the payroll tax hike smacking just about all workers, will it smack the economy next? >> i don't see how it can't, brenda. the person in that little clip summed it up perfectly. it makes a little bit of a difference and a little bit of a difference times a few hundred million people makes a big difference. it's already been studied by economists, they predict 4 to 500,000 jobs lost, 1/2% lopped off the the gdp. if you look around the studio there, everyone that gets a paycheck, like they said in that little clip, sees less he money. that's less money they were going to spend on groceries, at the drug store, the gas station and that money gets sucked out of the economy, so do jobs. >> brenda: well, now, this does hit lower and middle class americans harder because there is a limit to the amount of income that is taxed. but toby, do you think the higher income americans can make up the

let's get right to it, the bulls and bears this week, gary b smith, tobin smith. jonas max ferris and gary and caroline. welcome to everybody. gary k, the year is one week old and congress passing billions of new pork and you say bad sign for jobs in the new year. why is that? >> could have,look, it never ends. 430 million dollars for hollywood producers so they do movies in the u.s. versus other places? that's crazy. look, when you continue to raise spending it ends up being a tax on the economy, it keeps the headwinds on the economy, still at 7.8%, if you add in the people that came out of the work force we're more like at 11. it does nothing for nobody because gornment is inefficie inefficient, there is no profit motive and the inefficienes because of that does nothing for the economy going forward. >> brenda: jonas, doesn't it do something? might create some jobs create those electric motor scooters you love so much? >> and it's not just hollywood you can make the case in the long run, running up the deficit can cause a fiscal collapse and crisis that could le

let's get right to it, the bulls and bears this week, gary b smith, tobin smith.y k, the year is one week old and congress passing billions of new pork and you say bad sign for jobs in the new year. why is that? >> could have,look, it never ends. 430 million dollars for hollywood producers so they do movies in the u.s. versus other places? that's crazy. look, when you continue to raise spending it ends up being a tax on the economy, it keeps the headwinds on the economy, still at 7.8%, if you add in the people that came out of the work force we're more like at 11. it does nothing for nobody because government is inefficie inefficient, there is no profit motive and the inefficiencies because of that does nothing for the economy going forward. >> brenda: jonas, doesn't it do something? might create some jobs create those electric motor scooters you love so much? >> and it's not just hollywood. you can make the case in the long run, running up the deficit can cause a fiscal collapse and crisis that could lead to major recession, but in the short run, jobs 2013, givin