Page 28 - Tobin Smith News Today : Breaking News, Live Updates & Top Stories | Vimarsana

tobin smith. jonas max ferris and larry glazier, welcome to everybody. and larry, you say delay it? >> that's right, that's right, brenda, given the choice between the loss of millions of jobs in a deep and severe recession or delaying a deal in hopes of getting meaningful spending cuts in washington, the kind of spending that would cut the 4 billion dollars worth of additional spending every day, that's the long-term not the short-term to prevent being back in this place a year from now and that's going to get the country back on its feet. >> don't get excited. i know gary b will as...

Everybody. jim, growing union clashes with job creators, growing concerns about jobs? >> absolutely. look, every time you make it harder for an employer to hire somebody they're going to hire less people. we're already seeing it in the jobs numbers. look, obamacare has already cost a tremendous amount of jobs and since the president was reelected and it became apparent that obamacare was coming back in, we've seen the layoffs accelerate and now the unions are trying to kick businesses at a time when businesses are hurting and at a time when they're uncertain about labor costs and this is going...

I don't know, does anybody know? and is that uncertainty that gary k was talking about really the key here? >> i'll go beyond the uncertainty that gary k said. i think it's doom and gloom. brenda, if you walked outside the studio and grabbed ten people off the street, all ten of them, if you ask what does the fiscal cliff really mean? they go, i don't know, but it sounds bad. this fiscal cliff sounds bad, it doesn't sound like a good thing and brenda, when you hear this day after day after day, i think it starts to weigh on consumers out there. it sounds gloomy, it sounds terrible, and when pe...

Brackets and high school drop-outs aren't doing well and represent a smaller amount of spending than the prop, you know, 50%, and the higher 20% is doing better than anybody. so-- >> you tax the higher end people and they're not going to hire. you tax the higher end people and they're not going to hire those people and it's going to get worse and worse. >> i could hire ten people in the last three weeks, nothing to do with tax rates, nobody wakes up in the morning, i'm going to spend 1% more, so i'm going after a business opportunity. >> but you're tobin smith and-- >> and you brought us-- >> ...

to everybody. gary k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are made and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to buy. retail no good. but, susan, actually the national retail federation is saying we should see increase in holiday sales like 4%? >> that's right, brenda and i'm still staying optimistic, two re...