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Occupy wall street encampments about barack obama. >> one of his biggest fans is large shareholder in the "washington post," warren buffett who conducted rundraisers for him on wall street. wall street is pragmatic about who they give money to. rank and file of wall street are people who want to hedge -- a famous wall street word -- giving money to both sides. that's how obama will continue to receive money. >> let me shift topics if i can. there were economic numbers out today. consumer spending went up .6 ove 6 of1%. but it means that people are spending more but they are spending out of the...

Their credit card debt. they are doing the right things. people are buying homes they can afford. what we're trying to do is force people to step in and start borrowing again like we used to motivate the economy. i think we need to step back and have a little bit of short term pain so we can emerge from this as a stronger nation. >> short term pain isn't pleasant to go through but you have an interesting point. are you saying that all the negative situations we have it's good news. saving rate that was 1.2% before the recession now it's over 6%. so we're saving more and spending less and that ...

Bigger payrolls. >> a lot of uncertainty out there. with businesses. they are just uncertain about the environment. >> uncertain about tax rates about the impact of the new healthcare law and about the immediate future of the economy. one reason employers are anxious is the consumers aren't buying as much after getting burned by the financial crisis. >> the house they own, the stocks that they own declined in value very, very sharply, that makes them cautious. they have to somehow replace that lost wealth. to do that, they have to consume less out of the income. >> that environment consumers w...

Bigger payrolls. >> a lot of uncertainty out there. with businesses. they are just uncertain about the environment. >> uncertain about tax rates about the impact of the new healthcare law and about the immediate future of the economy. one reason employers are anxious is the consumers aren't buying as much after getting burned by the financial crisis. >> the house they own, the stocks that they own declined in value very, very sharply, that makes them cautious. they have to somehow replace that lost wealth. to do that, they have to consume less out of the income. >> that environment consumers w...