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Not the final crisis, but the economic portion. you know, i think right now the best thing we can hope for is some kind of minor negotiation that then bumps the big decisions out to the middle of next year. >> so, jack, i need you to help me to understand something. we've been hearing certainly from republicans and from a lot of members of the business community that debt is a huge problem facing -- that it's a drag on the economy, the deficit as well. we have to deal with it. what the fiscal cliff is is really a closing of the deficit and a lessening of the debt. what's the problem? >> the pr...

Entire euro zone now just slipped into recession, and there's no light at the end of the tunnel here. what we're trying to do is here a combination. we want to try to stimulate with monetary policy, with easy money from the fed while trying to balance our budget and try to keep things under control on the fiscal side. so i think the ideal scenario for the stock market would be something that could give us an indication that the budget will be balanced several years out, and that both sides agree we're going to trim entitledmements a raise revenues to a point to balance things but near-term pro...

And everything else. but i think the real difference in my mind is the incentives that romney would have placed on businesses. he was rather than tightening regulation, he would have tended to losen regulation. rather than looking at ways to penalize companies that are doing business in other countries, he was looking to try to free up taxes and actually make the u.s., you know, a desirable place for foreign companies to situate themselves. i think the leap of faith -- this is obviously -- was not really bought by the american public was that by freeing up companies to do what it is that they ...