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$158,000 in the first three months of this year and with lending still high, that big by gangs that americans relied on for everything from cash to college or the quick get away, that has been taken away making this the first election in memory where the value of that piggy bank is less than it was not last presidential election. the political fallout in a moment. the financial fallout right now. and now, this is a bad fallout. what are we looking at buddy? >> well, very simple. i call it the wealth effect it the housing prices continue to go lower, people not as much as in 2005 but they still...

>> because they don't have to. i think everyone's overanalyzing why a business is not hiring somebody, but most businesses in america are swimening cash today, compared toors before and have excess capacity. >> brenda: the bigger businesses are. >> bigger businesses, but not small businesses. >> i don't know if the government's going to magically create customers for the people or to make loans any more available than they already have through dozens of programs, incentives. >> and we saw that through quantitative easing and the fed was actually increasing the wealth effect. you did see more c...

Is that there's a little bit slightly less pessimism about the economy, the numbers are still fairly bad, but they moved a little bit in terms of what they think the economy is going to look like in a year or so. and also there's an uptick in voter who is say they're going to make their decision based on local factors. so another part of the democratic strategy here is to make this more and more about local races, local candidates, local issues and less about the national landscape. and the republicans pouring money in, both sides pouring money in and that's where the battle ground is, republi...