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Of this show. there is so much fear all around, businesses are sittingen the largest cash they have ever sat on even ajusted for inflation ever since records have been kept. they are afraid. >> bill: shah what shakes that money free. >> i think several things would shake it free. one if there could be some calming down in europe. it's a mistake to think the u.s. has no role in europe. the u.s. i think should work with the european monetary authorities to say we are not going to allow a collapse in greece, spain or italy and we will work. >> how can do you that when greece is basically saying b...

Of this show. there is so much fear all around, businesses are sittingen the largest cash they have ever sat on even ajusted for inflation ever since records have been kept. they are afraid. >> bill: shah what shakes that money free. >> i think several things would shake it free. one if there could be some calming down in europe. it's a mistake to think the u.s. has no role in europe. the u.s. i think should work with the european monetary authorities to say we are not going to allow a collapse in greece, spain or italy and we will work. >> how can do you that when greece is basically saying b...

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>> since you can't close the deficit with just spending cuts. it also means reforming our tax code so that the wealthiest americans and biggest corporations have to pay their fair share. everyone has to chip in. >> there it is -- there it is. shared sacrifice. bob, don't you think now this is an opportunity for the democrats to make their case for revenue raisers? this is what republicans are fearing, that because of the defense cuts that will automatically be triggered, they might have to exarchal the defense cuts in exchange for tax revenue. >> well, i certainly hope so. look, this thing is ...

Recession. everyone's going to have to chip in. that's only fair. that's the principle i'll be fighting for during the next phase of this process. >> oh. you know, i feel like words, words, words. talking again. here's the senator making clear what we saw in last round. that he and speaker boehner were picking members of this super committee, whose chances for okaying tax hikes are pretty low, as mcconnell puts it. listen to the guy laying down the law. mitch mcconnell. >> i can certainly say to the american people the chances of any kind of tax increase passing with this, with the appointees ...