means for them. a grave concern for anyone who invested in the market. europe is important expert market in america. markets don t go to them. what immediately happens not just with the major employers but in the downstream, with small businesses. people get laid off, business orders go away. rescue plans and bail-out fund but europe has too much debt and the experts say there is it will to no way to make it disappear. as long as growth is stalled, the fix here remains illusive. the u.s. economy may be too weak to absurd the further shocks overseas and that s why the united states hope the leaders can steer their countries through us a centerty measures. and keep you were steady. bret? bret: amy kellogg in london. thank you. consumer spending rose half percentage point last month because gas prices were up 2%.
of the annual output. last january, s&p downgraded their credit rating. sound familiar? sarkozy government tried to have tax increases to head off th crisis ungulfing greeks. but they said nuts to that and voted in president promising end to us a centerty. this austerity. this will not end well. de tocqueville was a frenchman but he wasn t talking about france, he was talking about america whose debt is exploding and the entitlement debt is expanding. it s not likely to end well either. bret: equal pay between men and women is a subject that gained traction on the campaign trail recently. as jim engal explains the statistic that men make more
so, you know, that is clever posturing by the republicans to try to bring it up. it doesn t mean much. bret: it means a lot you re in florida. you look tan and rested. have a good one. thank you for joining us. wish you were here. bret: european union officials are giving greece until wednesday to convince the e.u. finance ministers it will stick to terms of the us a centerty package. the latest round of cuts sparked violence in cities. germany says it will not give time approve for a second bail-out until next month. stocks began the week on a positive note. the dow was up 73. the s&p 500 gaped nine. the nasdaq finished ahead 27.5. mitt romney is coming off two victories over the weekend as he tries to reshame the momentum in the republican campaign. but carl cameron reports the latest numbers will not be easy. with wins disputed by the rival in saturday s non-binding maine caucus and the big straw poll at the con seventive political action
well, the british aren t on the euro. but with northern european countries with whom it can compete. bret: it s all interconnected, fred. it is. and both of those options that charles mentioned probably include a default by the greeks. i mean they are just not going to it cannot be avoided particularly because even this bail-out that they are going to vote on, on december 4 is one to impose more us a centerty on the greek economy. well, that is the last thing you want is more austerity, because then there will be little economic growth. they won t pay anything off. they will have more jobs. it will make the situation worse. bret: wait a second. isn t that what republicans are calling for here? they are calling for tax cut to generate growth and spending cuts. what ronald reagan did in 1981 and what countries did all over the world more successfully than the remedy applied by obama here. that s for sure. but the greek prime minister
well, the british aren t on the euro. but with northern european countries with whom it can compete. bret: it s all interconnected, fred. it is. and both of those options that charles mentioned probably include a default by the greeks. i mean they are just not going to it cannot be avoided particularly because even this bail-out that they are going to vote on, on december 4 is one to impose more us a centerty on the greek economy. well, that is the last thing you want is more austerity, because then there will be little economic growth. they won t pay anything off. they will have more jobs. it will make the situation worse. bret: wait a second. isn t that what republicans are calling for here? they are calling for tax cut to generate growth and spending cuts. what ronald reagan did in 1981 and what countries did all over the world more successfully than the remedy applied by obama here. that s for sure. but the greek prime minister