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Know it's profitable to minimize employee turnover and maximize productivity and commitment, product value, customer service, and company reputation." >> i think costco's labor strategy and their general strategy is phenomenal. they're a wonderful company. to your point about wal-mart, wal-mart is an enormously profitable, huge company. they're not going to have any problem with the minimum wage increase. the people you get into trouble with are very small businesses working on very, very lower margins. at that point you do see them and you see some larger businesses moving towards more machin...

Bill. we are spending $600 billion on welfare payments that the president set up in a program called making work pay which takes money from people who pay taxes and gives it to people who don't pay taxes. right for us after 9/11 would not tolerate a failed state in afghanistan that served as a base for attacks in our country. after 9/11 the change would we could no longer say tolerate a guy with wmd in the heart of the middle east. >> didn't work out the way we wanted it to. >> yes, it did. iraq is today a reasonably stable, somewhat democratic regime which represents a different model for the...

It so barack obama has a better chance of being a two-term president, because for lack of better words, this may be the worst week in john boehner's speakership. he sauce an insurrection by members of his own house. he got no cover from his friends on the republican side, and president obama heading into the christmas holiday, was able to look like a defender of the middle class, and stayed to d.c. before going to vacation, so they couldn't even make a snide hawaii remark at him. >> and congressman, he didn't blink, the president didn't blink. what happens now? what's the mood in the house? >>...

Last time i academiced most republicans in congress are not ph.d. economists and making statements not fact based. >> john boehner said i'm not an economist when asked about the effects. you want to say something? >> well, jen is exactly right. one tax cut is not another tax cut. in general, anything that you can do to put money into the pockets of people who will spend it is stimulative to the economy and will help create jobs. if i spend money to buy something then someone else will be hired to make it, to market it, to sell it. the problem with tax cuts is they'll only spend a little part o...

Whose chief political argument is cutting taxes, when cutting taxscan only do so much to build the foundation fur long-term economic growth. >> well, there are many versions of cutting taxes. cutting taxes for the highest income, you don't have to take my word for it. any economist and any private sector analyst will tell you that is not an effective way of stimulating the economy. the payroll tax cut, making work pay, those are effective ways of stimulating the economy. now there are many other ways of stimulating the economy that the president supports. extending unemployment insurance infra...