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He's kind of a libertarian type on drugs and on the debt issue is one that appeals to young conservative voters. but what's the young turnout in iowa caucuses? >> the young turnout is unpredictable, and so is the turnout of people who have not been to the caucuses before. it's different than just going into a voting booth and pulling a lever. you really do have to have a weighty campaign organization to really work on these people, get them to understand what the process is and get them out on caucus night. so, yes, it is not a tried and true type of group ron paul is attracting, but it is a g...

Is it to young voters -- he certainly has that appeal since he's kind of a libertarian type on drugs and on the debt issue is one that appeals to young conservative voters. but what's the young turnout in iowa caucuses? >> the young turnout is unpredictable, and so is the turnout of people who have not been to the caucuses before. it's different than just going into a voting booth and pulling a lever. you really do have to have a weighty campaign organization to really work on these people, get them to understand what the process is and get them out on caucus night. so, yes, it is not a tried ...

rate has fallen to 8.6%. that's the lowest rate in nearly three years. christine romans back with us in new york now. so, christine, what a marked improvement. 120,000 jobs added in november, where are we seeing the most growth here? >> we had the last two months here res have hire, as well. many more jobs created in september and october than we thought. the growth we're seeing is in the retail industry, no surprise there. 50,000 jobs created in the retail industry and half of those were in clothing stores and also in apparel, you know, accessory stores. you also saw leisure and hos...

Debt issue. i would like to briefly address that. the president basically walked away from had the right idea. you were a member of that you voted for it. they said lower the rates dramatically. eliminate the tax expenditure and we will contribute that to the the debt reduction. the flip side of that is we want to see a half 500 million on entitlement reform. raising elibility ages. would you go for that again? >> that is the basic guideline to reducing the stable growth situation creating jobs now and reducing long-term deficit to paraphrase the colleagues.

Closely, and todd you say this has to do with europe and what going on there and the global concern? >>guest: that is right. look at the debt concerns in euro region, $1.5 trillion in debt issue that we need to worry about if you include portugal, spain, italy, ireland and greece. and then taking into accounts this is speculation $500 billion the banks that you just mentioned, that have exposure to europe debt. and if that is the issue, yes, this stress test is necessary because of those banks will impact our u.s. banks. >>neil: the view is with the new financial law, dodd-frank, we will not r...