Raising taxes on the rich. And whereas before we would think revenue was an open question. However you could get about raising that money to get president off rublicans box on raising taxes on rich. He says again, i do not see any other way around it, and anything that comes close to raising amount of money you could raise, simply returning to the clinton era tax rates. That could explain this. Look at wall street today, a huge downdraft, continuing what has been a 6 slide, in the markets, since the election last week, charlie gasparino, on all of this. What do you make . I think this is bad stuff. If the republican cave, which i dont think they will, ill tell you why later, and they give in market hates it, you talk about raising taxes on rich that is Small Businessa file as individual the tell you that is never of Small Business 97 of Small Businesses, dont get affected by this but they employee most people in the country. Were not talks the freelance writers that call themselves a Small Business. Neil i dont think that the president cares . He does not care, this election is worse case, we called this a fiscal cliff scenario, president went to narrow majority but he still wins. And republicans keep the houe, you have a fiscal cliff scenario, and they are emboldened, and republicans say you dont have a mandate, and you have loggerheads, i believe that the fiscal cliff is basically the odds on favorite here, not a compromise, republican would republicans then or democrats, play this to their advantage. If you come totten of the year, this is president pulling a pato murray, said we dont get, that thene visit the cliff, and put pieces back together in the new year, who wins. It i already to say, president has a cheerleading squad, called the mainstream media, they will say it is republicans fault, it is fascinating he got 50 f the vote with the media establish. You know republicans will make a compelling argument, you are one that will not we have 2 growth. And you are forcing us. Neil less growth now than in 2 years ago when he wanted to extend it because the enomy was too iffy. Great point, you want to slow it down more. Neil he does not see it that way. You know, economics is not his strong point, it has never been, he probably never took the classes. But what happens . Did he lay it town today . Is that why markets got spooked. Not only is he sticking to his tax hike, but he spelled it out there has to be a rate hike, im not going for a limited deduction. Traders are smart, how many more times are you going to brent money, bernanke is out of the game, right now have you growth through economy growth, if you want earnings to grow, you need economy growth, if the president is going to destimulate the economy, which is what he is doing with a tax increase, just over fairness. You know, i never called president obama a socialist, i have been on shows that people made me say this, but think about what he does, he is saying i dont care about the economy or unemployment, i just want to achieve my overall aim, that is to expand the size of government. Neil we know he is putting much more emphasis, his idea of a planned approach on revenues than on spending. Progressive i talk to does not matter. They talk about waste, fraud and abuse program, as far as they go. They are so tunnel vision, they think that bill clinton raised taxes and automatically the economy to off, that did not happen. Neil i know the gardener of the white house, their thinking is, wall street hates us, so woot has done great since we came into offers. That is not wall street. Neil and gardner knows, and said, look they can bitch all they want. We have been good for wall street. We have printed money, we have not been good for wall street,by should point out average investors are not in this market, they are afraid of this market. Neil you think they will be more agreed now . Would you put your money in in market, knowing that fed is done. Your only chance for an improving market some sort of a growth, and president says, i will destimulate the economy when i have 2 growth. You know, far be it from me. Neil that is closest you will come it financial advice. If they get a good budget deal. Market could to up to 20,000, i dont know. Eu. What is a good deal. Neil thank you, buddy, charlie gasparino. Former minnesota governor. Now Financial Service round table president ceo. Governor, maybe charlie and i were over reading the president s remarks, but i heard in them, through them and talking with surrogates today, it is a rate hike orin nothing, what do you make . It early in the discussions, and everyone has to put out first marker and negotiation, it is concerning because the clock is ticking, i hope that president signalled a marker. Neil i dont know he was, i dont know he was that is you know why, because people, the gardner i was telling charlie bthey feel they look like they ran away from republicans with tails between their legs two years ago by agrees to extend bush tax rates and now that he has won the reelection, he is just not going to did it. Look we wan we a constructive bipartisan solution, and republicans have said they are willing to put revenues on the table. Not rate increases but deducts credits and being reduced. And president said signalled high will open the door on entitlement, there are at least contours there. Right now, i hope they are posturing, they will get to serioususiness of a common point. Neil you think about it the common point, on some of the big pictures, next year event. Now we have to to something to get you through december 31, and there in lies the rub. A president , who really is sticking to you know he might be open bute is sticking to this tax hike, that is a nonnegotiable point, do you believe him, when he said there is no rralistic way to raise the amount of money you can hike your taxes via returning to the old clinton rates . With deductions, closing loopholes . That money just is that there that there would to be zap them by returning back to 90s . Well, it depends in part on how far you are willing to go with limiting or reducing, and i think i heard in clip, you played that president said it would be difficult to do. I dont think he said it would be impossible. Neil you are a half full glass guy, i admire that, but i did not get the same hopeful vibes out of that. Other oion, i am working with Financial Service round table, our position, if you cannot get a dial by end of december at least have go judgment to do a temporary extension to buy yourself time to do the longer term more structural fix. At the very least they have the lastditch ability to have an extension to buy more time. This is not ideal but it may be necessary. It may be tude prudent. Neil thank you very much. We want to hear from you. Well put some of your tweets on the air. Should republicans back away from social issues and just stick to focussing on the economy . Send us your tweets. And meanwhile you heard about this, weve been covering this. Storm victims from sandy, homes destroyed. Yet, you know, bank you still have a mortgage. And have to keep paying it. Do they . Judge napolitano on that, after this. Ve lately. But because of Business People like you, things are beginning to get rolling. And regions is here to help. Making it easier with the expertise and service to keep those wheels turning. From Business Loans to cash management, we want to be your partner moving forward. So switch to regions. And lets get going. Together. We got off the phone with bank of america, they told us they can only freeze the mortgage for 30 days, we do not know what shaping with that. Staten islander, michelle, telling me, she is frustrated her bank is not helping more after her home was destroyed. Not as if bank of america did not know what was going on there. Thousands of others, in the same ship, judge napolitano on if banks of obligated to show compassion. Hhe is the steven king of all things historic, do banks have that power . Or do they have to be well, my heart goes out to them all in long island. And the jersey shore that suffered. But if you borrow money from a bank, you owe them money back even if the collateral for that loan has been destroyed, if mrs. Zito has a mortgage with bank of america, and her house is now uninhabitable, what can she do . She is walk away, let the bank demolish the house, and rebuild,. Neil her credit is destroyed. It is destroyed. The point is. There are times when they do exercise compassion, but there is no way to compel them to, you have to pay that mortgage every 30 days no matter your situation. Neil do you think there was a storm, and it made made thousands of homes uninhabitable, maybe well give it 9 days 90 days. You know for a bank the side of bank of america it might be a good usiness decision, you want them back as customers, you want other customers to like you and stay with you, maybe they will. But can mrs. Zito go before a judge in new york, and say keep the bank at bay . She cannot. Neil bank of america declined they did followup on my interview, we saw this segment that aired about one of our customers, michelle zito, want you to know were already left her husband a couple messages were going to offer them additional assistance and explain Insurance Claim process, we know these are difficult times for some of our customers in northeast, an and and are offering i have no idea what that said . Bottom line,sumedsounds like bso me. Mrs. Zito may have mortgage insurance and does not know it. Neil is that their way of saying legally you are right, but you know, a great gain to say well sort it out, well give you 90 or 120 days. Bank of america would be better off showing combat, let her comp path compassion, lee repair, and rebuild her house. The bank would have a better piece of collateral. Or they lost that woman and friends and anyone that is watching, they look heartless and aloof. Mr. Potter. Neil the fact that you supported that illegal stance of theirs, makes you mr. Potter too. Unbelievable, i would like to have his money. It is almost christmastime, speaking of its a wonderful life, a great historic movie. Neil yes. Thank you judge. Thank you, neil. Neil we have a lot more coming up, including you heard about twirjytwinkies and the folks whe them, they could begun. The ceo of hostess is saying that the unions are forces, that the unions are forces, forcing t before copd. I took my son fishing every year. We had a great spot, not easy to find, but worth it. But with copd making it hard to breathe, i thought those days might be over. So my doctor prescribed symbicort. It helps significantly improve my lung function starting within five minutes. Symbicort doesnt replace a rescue inhaler for sudden mptoms. With symbicort, todaym breathing better. And that means. Fish on symbicort is for copd including chronic bnchitis and emphysema. 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So buy a bottle of pink lemonade and you can help fight Breast Cancer today. Neil when i first heard about this, i said no way in 4ebg this coul no way inheck that coulds could not just die on the vine. But they may be forced to shut down. The ceo is here with us, you came on in february to avoid this, why are we at this point. It is unfortunate, that but where we are now. Is that the majority of our employees would like to us go forward and survive. We have a minority percentage of our employees that belong to the bakers union, went that group, they are picket within that group they are picketing the company,. Neil they say put this on them. Cutbacks and benefits on them, what do you say . Not true, the proposal we made, particularly on wage concessions apply to all employees,. Neil not just on them. Absolutely, in fact we asked them to accept is same thing that teamsters union, our Largest Union approved, i guess if they aring iing is asking for anything, they want to be treated deficiently. Neil they must. They must realize now you are serious. This is going to push you over the edge. Then what . You know, i think we issued a press release today, explaining that we have 36 plants we closee 3 this week because of the strike, of 33 remaining at 14 of those, there are not enough people crossing that picket line from the bakers to maintain normal operations, if by 5 00 tomorrow, friday morning well did to the judge, and file a wind down plan that is a liquidation, selloff bits and pieces, trade names, a industry over capacity, well try to sell plants, and no guarantee, there is no guarantee that buyer would be a union shop or give a contract better than were offering. Neil is it a problem with the whole Health Food Craze . Do not agree with that, i heard that, if that is true, you would not have Chocolate Company or doughnut shops, they are success full businesses. Neil i would put twinkies as part of the food pyramid, there are a lot of those, you could package those for 20r 30 years. Reporter . We dont have that shelf life. Neil what is it. About 30 days. I dont buy that. I am not saying you cant test it. Neil i think it is like lost in space. If that were true we could survive a 50 day strike. But you can envision a scenario where they will begun. Absolutely. Neil the cynic looks at this, some bakers say that is what rayburn wanted to do, break up the company. That is what he was brought in for, chop up it, sell a profit and leave. L nothing in my history would suggestion that, for 29 years i have done turn around work that means you fix it, it emerges it does well. That is what i do, i am not a liquidate or. Neil they do turn things arou, right some pieces do go on to survive. That is never my focus, i am looking at a solution that is wholistic for the company, that has been my focus, everyone can quibble back and forth and look at history say did you this and that were beyond that right now, were where we are, we have one shot. Right . To go forward. I have to the picket line today is aside from Bakers Crossing the line, they are crossing in 13 of plants. The other 13 are not. So, i have people on that picket lean who generally believe one of three things, they think there is a buyer who will come in buy the plant and give them a better contract, that is not true there is no buyer waiting in the wings, two, they think that were coming back with a better offer because we have the wherewithal to do it, that is not happening. I have a third group, that says, i just want to liquidate. I am tired of it, i am never going to reach that third group. That is what they believe, they are okay with putting all 18,000 people out of work, but first 2 groups, hopeful between today and tomorrow they will understand, that this is the end of the rd, this is unemployment at this point for 18,000 people. Neil i hope is works out for the find folks and all folks who love your stuff, greg rayburn, Hostess Brands president and ceo. In the meantime is the grand old party giving up on the tea party . The folks who made them a majority in the house now getting all but kicked out of power plays in the house, the tea partybacked senator is is not liking it. Look, if you have copd like me, you know it can be hard to breathe, and how that feels. Copd includes chronic bronchitis and emphysema. Spiriva helps control my copd symptoms by keeping my airways open for 24 hours. Plus, it reduces copd flareups. Spiriva is the only oncedaily haled copd maintenance treatment that does both. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell yr doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all mecines you take, even eye drops. Stop taking spiriva and seek immediate medical help iyour throat or tongue sswells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd spiriva helps me breathe better. blowing sou ask your doctor about spiriva. 72 halftime, is it me or do republicans just like getting throttled. When it comes to the tea party to whom they own a reat dial, they are kind of giving them the shaft, and closing them out of a lot of key been negotiations, some tea partiers are agovernment, and say that adwaraghast at that. Utah republican senator issue tapper tarp favorite mike lee is joining me. What happened to tea party . Well, this movement this conservative Grassroots Movement this started in 2009 is alive and well. Weve had more people join our ranks this time with this election, it will continue to keep growing it will keep growing as long as those who were elected under this mind set, continue to stick on the principles and say this government is big enough, and that we do not have a revenue problem we have a spending problem in washington. Neil i do not hear it out of the leaders, you are closer to this than i will be, but judge from appointment made in the house from reads of riot acrom Speaker Boehner to republican groups to many tea partiers, message of get in line, what do you make of that . It may be true. It is hard to read too much into those statements and hard to come to firm conclusions right now to what they mean. Those of us who owe our election to this movement. Who understand that our constituents expect to us hold government spending, need to stay true to our principles and remember why we came here. Neil well, some i can understand maybe some disappointment at Tea Party Senate candidates who seem to grab defeat from the jaws of what looked like victory. I can understand frustration on part of some republicans, but they forget the tea party that brought so many of you to power and house provided 80 something odd you know restless revolutionaries to two took over the place. I am wo