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Brenda buttner, this is bulls and bears and lets get to it. here they are the bears, gary b smith, tobin smith, jonas max ferris and matt mccall, and former clinton-gore complain advertiser. welcome to everybody. >> gary b, whats the first thing the president should do this new year to get the jobs back? >> well, as a matter of fact, brenda, corporations are hiring. theyre just doing it overseas. and the reason theyre doing it overseas is because, a, the cost of labor is cheaper and b, the cost ...

Government spending for all the the attention, but these, the tax cuts, now weve got to pay for it, many cuts, if you watch probably wont materialize and well see how, since we responded to-- the politics. >> wait a minute, he so, matt, what do you think? what does it mean for the economy? >> well, the economy, obviously, the stock market like gary b said. waking up friday morning and seeing the spending bill not get passed and the problem is going forward something will get passed and we have t...

Most important two words hes said in a long time. create jobs, this is one way to do it, cut the taxes and dont make it twoors, a lot of them are waiting, waiting for them to make it permanent and create lots of jobs. >> a lot of people dont like the deal and like it less if it were permanent, are from the presidents party. what do you say? >> well, i dont think the president did cartwheels after this deal was put in place. the reality is the deal is going to create jobs, but the economic growth...

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Helping. they should be clear and say, yes, these tax cuts are expiring as planned. here is our tax plan for next year, so you can plan ahead and this tax thing is fine, as far as business, its primarily income taxes and capital gains taxes, and you look at hiring and lowering the cost of hiring employees, what were alluding to, then you lower the pay rell tax rate for a while during the economy. let these go and kick in with new taxes. >> i dont know about your businesses, but thats not how i d...

Current taxes, because that 2%, guys, remember, pays about 50% of all taxes and that would hit the hardest point. >> gary b. tax cuts for everyone, thats the basic message. is that getting through to d.c.? >> i think it is, brenda. you know, and this is not just a tea party. you know, the tea party is getting a lot of the press right now, but i think this is really striking at the whole core of the obama administration policies. i think in fact, if youre any incumbent, republican or democrat, wh...

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As they can before those tax cuts expire, and ill it will you what, were going to have hell to pay in 2000-- >> we had tax increases and a strong stock market in 2000, we had a lot of tax cutting and a weak market. one of the worst in history. >> in the 90s we had an internet bubble, kind of had something to do with what went on. >> thank you, brenda. >> caroline, i want to ask you about that, how do you respond to gary? >> well, i think that we cant be honest with deficit reduction and say that...