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Right to it. the bulls and bears this week, gary b smith, tobin smith. jonas max ferris along with mike norman. welcome to everybody. gary b. time to toast to an economic turn around in 2012. >> what did pink say? let's get the party started, brenda. and i can come up with current-- >> oh, very good. [laughter] >> pink is still current, right? listen, i think the underpinnings are there as opposed to what most or many people think of a very good year in 2012. look, and let's kind of take them one by one, quickly. unemployment is not great, but at least leveled off. housing starts, the other bi...

Bulls and bears. >> gary b smith, jonas max ferris along with matt, and suzanne. cut the pork to cut the debt? >> of course, this is like a moral black hole. and 40 of these special projects, ear marks were started by republicans who gained office a year and a half ago because they were against ear marks, what happens is the immorality of this, and then all of a sudden you have to raise money and all of a sudden want to get reelected and guess what, an ear mark becomes a special project and a special project two and a half billion dollars here and a billion dollars there, if we're not going to...

Everyone, do not forgot. tonight something special is happening at 8 p.m. on the fox news channel. governor mike huckabee is holding a forum with the g.o.p. presidential candidates, a two hour live special. >> judge jeanine on after that to talk with the governor about the big debate. >> see you tomorrow. >> brenda: a recovery in the making or another head faking? the best week for stocks in three years. the best jobless rate in two and a half years. consumers buying, auto sales rising, and home sales growing. manufacturing surging, all signs we're moving forward, so, why is someone here sayin...

Bears, let's get to it. gary b smith. tobin smith. jonas max ferris, and the economic policy institute's kristin dorsey. welcome gary k will the triple whammy whack the economy back into recession. >> i'm going to be the the scrooge here, i think so. there's just a lot of things happening all at once that tell me, there's a problem ahead. number one, we're looking at european interest rates to skyrocket and there's no absolutely no confidence there, the numbers out of asia now, particularly china have been headed south and then you add to our 15 trillion of debt, which is, i believe, crowned a...

In cuts. wow, that sounds so great. until you realize, a, it's spread over 10 years. b, the federal budget still rises each and every year despite that. c, defense spending will still go up and d, we have a $15 trillion deficit. this is a drop in the -- this is nothing, whether they do something, brenda, or whether they do nothing, you will see absolutely no change. we've got to go big in the parlance of government and that's why i say put a zero behind steve's four and make it a $40 trillion cut, then you start to have something. >> all right. go big, scott? is that what you're saying, too? >...