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People were disenfranchised and if they come back into the labor market because they see it's improving they'll put upward presence on the unemployment rate. but people are buying stuff and they're going to be optimistic developing new products and weigh in on that. and is it going to go back to levels it was in the '90s anytime soon? no. and look, when you see a company layoff over a thousand people like motorola, you don't read about the thousands of people also hiring in other divisions. the layoffs get the attention and doesn't mean the economy is falling apart necessarily. >> brenda: but ...

>> greta: any bidding, any competitive bidding. >> some of them are. >> greta: not all. >> not all, but by the way, once you get-- the problem once you get a contract for a fighter plane or a ship, then the escalation above the baseline sometimes is two or three times as much as what you originally budgeted for. the biggest problem in the dod in the years ahead is going to be acquisition reform. fix the system for buying stuff and that's probably going to be the greatest return on our investment that we could make particularly if you're trying to save over the long-term. short-term it's people...

Competitive bidding. >> some of them are. >> greta: not all. >> not all, but by the way, once you get-- the problem once you get a contract for a fighter plane or a ship, then the escalation above the baseline sometimes is two or three times as much as what you originally budgeted for. the biggest problem in the dod in the years ahead is going to be acquisition reform. fix the system for buying stuff and that's probably going to be the greatest return on our investment that we could make particularly if you're trying to save over the long-term. short-term it's people and training. >> greta: ni...

Stop buying stuff, well, then, stop buying stuff so you don't have future bills. but right now we have to pay the bills that have been incurred. >> joining me now, contributing editor for "newsweek" and the daily beast eleanor. and david o'sullivan. what is your reaction to what you just heard from senate leader mitch mcconnell and republican leader nancy pelosi. is there any common ground? >> it's way too early for common ground. that won't happen until the last minute. they're both staking out their ground. what surprises me about leader mcconnell is when he says the tax debate is over. i th...

>> fact tip of the day, an appeal for you to help me in a moment. first we're pleased this christmas season to be able to donate hundreds of thousands of dollars to worthy charities, some lightest on billoreilly.com. that's because you guys are buying stuff in the christmas store. right now i have three best sealing books, killing kennedy, killing lincoln, the kids' book, lincoln's last days. if you become a billoreilly.com premium member, you get the choice of my free of charge. now the mail. nancy, los gatos, california. i was born here, i can't believe what the state has become. modesto, ca...