wow! why? bottom line is this, good news on a potential bailout for banks in europe. leaders are pledging to unveil a debt crisis solution this month. governments on both sides are really at the core of the roller coaster ride and the pain we felt over the past few months. government is a big part of why stocks are down 12% from the highs earlier this year. losses that hit every ira and 401(k) in this country. several things need to happen and absolutely can happen to fix the problem. it is so fixable. european leaders have to follow-through this a debt solution. and here in the u.s., if we stop acting like ds and rs and fighting against each other and start working for the country, it would be better. it's really all about confidence. it's that simple. the economy boils down to it. it will be better than today and the american system works. that will help hiring and hiring means more taxes. there is an amazing statistic we pulled for you. 40% of the deficit will go away. that is because of increasing tax receipts. economic growth, 40% of our deficit, poof. we begin with an on the ground view of when hiring will start. we call it the strike team and told you about it last week. we will tell you about it again. it's a group of 20 ceos, investors and entrepreneur s s who report what they see on the ground to us. i pick them because they want to see the economy grow. john chambers is the ceo of dow cisco systems. let's start with the big question out there. it feels like a recession to most of america. the big question is whether we go into a formal double dip. of our strike team, 70% of people said no, a recession is not inevitable right now. what do you think? >> i agree with that 70%. i think it depends on how the political and business leaders react to the challenges in front of us. if you look at what we see on a globe ool basis, and erin, i'm not an economist, but i do get to talk to almost every major business leader in the government, you are seeing the economy slow. the issues you talked about are true. northern europe doing well and central europe doing okay and having challenges. asia pacific a little bit mix and china, australia, new zealand doing well. here in the u.s., the employers when we talked to them, are not planning major hiring, but at the same time they're spending money on cap it will. when they spend money on small business and big business, it means they think the economy is probably going to do better as you move forward. not great guns, but perhaps better than some people anticipate. >> it's more positive than many would expect. let me ask you about the question. the frustration out there, a lot of it pointed at corporate america from the left and the right. it comes down to the jobs problems. let's just put it to you at cisco. $4.5 billion in the economy. you have this cash and why aren't you useing it to hire? >> more than fair question. if you look at what cisco has done the last 20 years, we grew from 400 to 70,000 people. we shared it with the shareholders and most of the time we were in hiring mote. if you look out over the next 12 months, we probably will be again, assuming there is not a major surprise in the economy. what would help us do that is is the majority of our finance are outside the u.s., not here. even though we are a pretty big company, about $4 billion is what we need for the normal activity in the united states. if we could perhaps look more creatively at the tax policy, and encourage hiring in america, we would love to be a pat of that. >> you say that's what you need to do your regular business. you have $45 billion in all and as you point out, most of that is outside of the united states. i know you're advocating getting a break on that. as you say other countries provide. would you in exchange if you got a low tax rate on bringing the money home, what's called repatriation and getting rid of the other loopholes in exchange as the president proposed. >> i think the key take away question here is that i'm an american and i want to create jobs. we are one of the few large high tech companies that have been in existence throughout the the 25 years. and a majority of our jobs are in america and i want to do that in the future. we are the only country in the world that when you pay taxes on the profits outside your country that don't bring it back at 0% or 2% taxes. we are missing an opportunity to create jobs and one that every other developed country in the world has taken advantage of to encourage. do i think we can do something like a national infrastructure fund that with the money you bring back pay a nominal amount of taxes for roads and highways? absolutely. do i have a problem assuming the economy grows and cisco is doing well creating jobs? absolutely. i don't have a problem with that. you can bring back $1 trillion which was more of the stimulus package in terms of back to the u.s. and funds overseas. >> and let me ask you, john, because a lot of people have come out and say the last time we gave this break and overall it didn't create jobs in america. if it happened, you are going to create how many jobs in the united states. >> the last time we created quite a few thousand jobs, i think you can look at the gdp growth and it grew well the next two to three years and following the package that came back inside. the unemployment went from 5.5% and 4.5%. it is not the silver bullet. you have to move on policies. america is an amazing innovative country. we have to pull business and american citizens together to lead us out of this slowdown. i think we can do it as a nation. >> john chambers was elected by politico as someone who should run as an independent for president. others on the politico list included mayor michael bloomberg, hillary clinton, david petraeus and colin powell. it's not a surprise that they played the game of another candidate and this is me. the latest poll, only 14% of voters say they are very satisfied with the current candidate roster. joining us from our washington bureau is kevin madden, jamal simmons. and here in the studio, great to finally meet him in person, correspondent for the national journal. great to have all of you with us. major, let me start with you. only 14% are very satisfied. why? >> republicans look at the field and saying yes, there is romney. he's been the constant. can't there be somebody else? isn't there a better alternative to mitt romney? so far there have been flashpoint alternatives who last for a month or two, michele bachmann and rick perry, and plenty have looked and not run at all. mitt romney stays and the field is set, but in a way that dissatisfies voters until the voting starts. when the voting starts and if romney starts winning, winning has a tendency -- kevin will tell you, winning tends to build momentum. for now they are dissatisfied, but if he breaks out, that satisfaction will come. >> jamaal, let me ask you a question, hillary clinton being on that list got me wondering, is it a commentary on how the republicans and democrats are seen as so polarized right now. the main place for reason is among the independents. hillary clinton is not an independent. she is say democrat. >> she had the great fortune of being out of politics for two and a half to three years. she is focused on america's future around the world. that always tends to buoy any person's poll numbers. colin powell is on the list. condi rice is on the list. even though they're all partisans, they don't have partisan work profile on their day to day habits. >> a poll today, this one by "the washington post." i love the season of all these polls, there's so much in there every day. it asks which candidate would do the most to improve the candidates. mitt romney 22%. cain 20%. the next closest is perry at 12%. that's just part of the herman cain phenomenon, he's surging in all the voting polls as well. do you think mitt romney is worried about herman? >> look, worrying in a campaign is for those without a plan. if you're worried, that means you didn't put together the infrastructure and the message you need to win. boston is confident that over the long ark of the campaign and that's what we have to remember. a lot of polls are snapshots in time. but what we have to look at is the long term trend. what we have seen is the long-term trend has shown a lost volatility. the constant has been that governor romney has held a good market share of voter support. i think if he can continue to consolidate that support and then go out and grow it, as the volatility of the campaign and all the contests of the early primary states, they take place, that's where this campaign is built -- it builds its strategy around, the actual contest where voters decide. >> i will give kevin and the romney team an incredible amount of credit right here, the one thing you've seen out of mitt romney is, it's such a disciplined campaign. whether it was sarah palin, michele bachmann and now herman cain, they seemed to be focused on their job. from the obama campaign in 2008, they had the same disciplined folks and you a message and revered from it. i think he can be beaten as a primary candidate, they are doing a good job. >> two quick points. he has run before. his biggest weakness, he has run before. people want change. >> very well said. >> rick perry came in second on most damage to the economy. right behind michele bachmann. that's all about immigration. that issue is killing rick perry. >> look forward to seeing you all again. out front next, gerry brown signed a bill that allows girls over the age of 12 to get an hpv vaccine without their parents consent. the underwear bomber's trial starts tomorrow and baby lisa disappearing from a week ago. in america, we believe in a future that is better than today. since 1894, ameriprise financial has been working hard for their clients' futures. never taking a bailout. helping generations achieve dreams. buy homes. put their kids through college. retire how they want to. ameriprise. the strength of america's largest financial planning company. the heart of 10,000 advisors working with you, one-to-one. together, for your future. ♪ together, for your future. ♪ ♪ ♪ when the things that you need ♪ ♪ come at just the right speed, that's logistics. ♪ ♪ medicine that can't wait legal briefs there by eight, ♪ ♪ that's logistics. ♪ ♪ freight for you, box for me box that keeps you healthy, ♪ ♪ that's logistics. ♪ ♪ saving time, cutting stress, when you use ups ♪ ♪ that's logistics. ♪ the numbers tonight, 3.15 is how many millions of dollars massachusetts democratic senate candidate elizabeth warren has raised for her campaign in the third quarter. if she wins the democratic nomination, she will face scott brown who raised 1.55 million in the third quarter. those are very big numbers especially when you compare them to the presidential race. gop presidential candidate rick santorum raised $582,000 in the second quarter. the most recent he's released. five times more a quarter than to run for a senate race. senator brown signed into law a bill that allows girls 12 and up to get the hpv vaccine without parents consent. it will prevent from sexually transmitted disease and some say it undermines a parents right to be involved in the medical decisions. shannon, i wanted to start with you, i guess people are very torn on this. people who vaccinate their kids for everything, they feel a little more torn on this one. does this encourage promiscuity or not? >> we think it does not encourage promiscuity. in fact it has to be given well in advance of the beginning of sexual activity. and it creates a great opportunity when the young person is in the physicians office to have an in depth discussion about safe sex and abstinence. abstinence is the only 100% way of preventing stds and pregnancy. >> i'm confused. it seems awfully young. children don't have the right to make other decisions, their parents do. even in california you can't get a tattoo without your parents's consent. where does this come from, legally? >> a lot of people are disturbed by this law. because of the 12 thing. a 12-year-old girl can go to a doctor and get the shot without telling her parents. no parental consent. i don't know where california is coming to do this because if you are in a ski accident and your child broke an arm and was in the emergency room, they call the parents to get permission to put it in a cast. now they are saying that the parents can't decide whether to weigh the risk against the benefit of the shot? normally we believe in informed consent with respect to medical treatment. why can't parents have informed consent about medical treatment? i don't get it, i think they've gone over a line here in california. >> how do you respond to that? >> actually this is expanding on current law from 1964 that allows minors to be treated for sexually transmitted diseases. it now has also joined other states such as alabama. i think there's a total of now 11 states and the district of columbia that will allow this. we are having 12 because it's trying to capture a wide knit -- again, it's consistent with current law. and we assume most of this applies to 16 and 17-year-olds that can drive themselves to the doctor's office. and their parents already agree for them to take the hpv vaccine but they're not there to provide consent. >> the law said 12 years old, a 12-year-old can do this without parental consent. what is the fear? that a parent won't be smart enough to know whether it's a good or bad thing? this is not an abortion. this is not a contraceptive, this is a vaccination. some people think not everybody gets a flu vaccination even though it's a wise thing to do. why should the american people be robbed of the ability to make a decision about their own children's health care? >> well, actually, what we're really hoping is that 11-year-olds and 12-year-olds are vaccinated when they get all of the other vaccinations they get at that age. and it's a decision that's been made with the parent. actually i think if there is a 12-year-old who thinks that she is at risk and need this is vaccine, we are happy that she is going to the physician's office, because that raises a red flag. >> right. thank you very much. shannon paul, thank you very much and let us know what you think. we will be talking more about the issue of vaccines in general. the hpv and the age of children specifically. you can always find us on facebook out front or on twitter. still out front, herman cain leading a lot of polls. but still, not getting respect. we can't resist telling you why. and donald trump speaks his mind. into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. 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[ female announcer ] the travelocity guarantee. from the price to the room to the trip you'll never roam alone. the trial of a man accused of trying to detonate an underwear bomb on a plane headed to detroit. the christmas day bombing trial starts tomorrow. it's something we're going to cover every step of the way. omar abdulmutallab has been representing himself. what does that mean as it comes to trial? >> he who defends himself has a fool for a client. no one should represent himself. this is no typical defendant. he has council from very, very well regarded and i am told that mr. chambers will be giving opening statements and grilling most of the government witnesses. we do know that the defendant is driving the bus and making the ultimate decision. this will be a hybrid case. he will be cocouncil with someone else and not necessarily trying himself. that is say good place for him to be. the evidence in this case against him is very significant. >> there has been stories and saying this should be a slam dunk of a trial and everyone saw him doing what he was doing and is it a slam dunk? >> no case is a slam dunk. i say this all the time. just look at casey anthony, right? the prosecution thought it was a slam dunk. when you have 12 jurors from different backgrounds that know nothing about a case, you don't know what's going to happen. the evidence is very strong. we have a confession in this case. there's also a videotape of his description of his suicide mission before going into the united states. and there are the remnants of the dom and his underway. certainly there is significant evidence. i think what's going to be interesting about this trial, we know the obama administration for some time has wanted to try terror cases on u.s. soil. this is almost a test case for that, and that's why so many people are going to be very, very interested in this case and watching it so sloesly. >> sunny, thank you. we will be watching it. i remember getting on a plane to go to nigeria that weekend in christmas of 2009. we will be covering it every step of the way. up next, the military power of one country that is rising to challenge america. then we will be sitting down with donald trump and where is baby lisa? what the authors are doing to find her. [ male announcer ] this is larry... whose long day starts with arthritis pain... and a choice. take tylenol arthritis and maybe up to six in a day... or choose aleve and two pills for a day free of pain. happy chopping. delivering mail, medicine and packages. yet they're closing thousands of offices, slashing service, and want to lay off over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains 5 billion a year from post-office revenue while the postal service is forced to overpay billions more into federal accounts. congress created this problem, and congress can fix it. starting the second half of our show and made the calls for the out front five. number one, military power. a new report published by the rand corporation warned a future conflict with china. out front spoke to the reports author who told us america's economy is too dependent on china. china will build up their military, and america will be hard pressed to do anything about it. they could achieve superiority in the pacific over the next 30 years. number