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Be beyond a short-term double dip into long-term economic solutions are capable. that is why a lot of people are saying on wall street -- bill: but if you have a long-term solution, the market would take off? >> here's the thing though, bill, there are two different philosophies. really punishing small businesses throughout the crux of this argument, who have been the saviors of this argument, helping us avoid double dip recession, that's nuts. a lot of people are now starting to say on wall street that maybe no billed is better than a faulty bill. bill: david, what the speaker john boehner sa...

Geithner and bane spinning away on the sunday talk circuit. i'd roll the video but we prefer you stay awake for the segment. listen to rush limbaugh shed some light. >> why would he want to go over the cliff? what happens when we go over the cliff? democrat orgasm happens. taxes go up for everybody. nirvana to these people. >> eric: i will disagree with rush. it's good for the g.o.p. to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue whe...

Slashed. geithner and bane spinning away on the sunday talk circuit. i'd roll the video but we prefer you stay awake for the segment. listen to rush limbaugh shed some light. >> why would he want to go over the cliff? what happens when we go over the cliff? democrat orgasm happens. taxes go up for everybody. nirvana to these people. >> eric: i will disagree with rush. it's good for the g.o.p. to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no...

>> we should know that smart people in the market including us at fox business network, corporate earnings are coming in lower than expected. a lot of surveys from ceos from corporations about what they expect their earnings to be. they are going down. it's sort of foreshadowing a possible double-dip recession. a lot of people criticize ben bernanke printing more money. one of the reasons he saw the predictions about corporate earnings. this is an economy that could very easily follow into a double-dip. >> gretchen: while we were still experiencing high unemployment in the past couple quarters...

Peter morici is an economist at the university of maryland, he's our guest along with charlie gasparino, senior correspondent at the fox business network. we want the economist perspective, but we also want charlie's great reporting from the private sector as well. peter, what do you think about this? are we skidding into a recession? is it a double dip? what's your assessment? >> there is a grave danger of recession, there's the problem of business pessimism because of the policies that mr. obama is going to double down on. the tax increases and so forth. conditions in europe are notprot deal...