day on wall street,given the good news from europe on a possible deal, there, and that is it for "studio b," trace tonight at 7:00 p.m. >>neil: unable to break into double digits will huntsman ready to bolt from the republican party? he is traying behind gingrich and of course romney. the steadfast g.o.p. presidential candidate not sounding so steadfast saying he wasn't considered a third party run "when i am run as a republican." was he hints of life when maybe he is not running as a republican? is a third party the ticket, a well funded nonprofit group calls for a republic and democrat running on the same presidential ticket. that could soon be on the ballot

in all 50 states. now, if huntsman does bolt he may not be alone. gary johnson and buddy roemer are not ruling it out. donald trump, also, himself not ruling it out. and ron paul still saying it is not necessarily in the cards sounding a lot like rodney dangerfield saying his campaign is still not getting the respect it and he deserves as he climbs. and larry says a third party revolt is possible but at this rate we could have a lot of people running at the same time like my mother country. >>guest: that is my mother country, too, neil, and i will tell you, i would not be surprised to see several independent or third party candidates on will bat local. you lock at american history it is years like 2012 that end up having third party and independent candidates because hard times tend to breed dissatisfaction, dissatisfaction often includes two major parties

and it results in third party and independent candidacies. >>neil: formally they do not score, of course, roosevelt broke from the taft and that is the benchmark but the question is would they take votes from? any of these gentleman running, on paper, i would assume, take votes away from republicans, right? >>guest: you would think so. but i would say in the case of jon huntsman, neil, he reminds me a lot if he runs as an independence, he reminds me of john anderson from 1980. the congressman from illinois who ran in the republican party for the presidential nomination against ronald reagan and a bunch of others and he was a liberal republican, in march of 1980 he said i'm thinking about going independent and in april he filed, and he ended up getting 7 percent of the vote in

november against ronald reagan and jimmy carter but here is the interesting thing. the post election studies of the anderson vote showed that he took about equal numbers of votes from ronald reagan and jimmy carter. so, huntsman reminds me of that liberal republican john anderson who could cut both ways if he does this. >>neil: normally they do not galvanize a great deal of attention. roosevelt and perot did but there could be different because all you need is enough to swing votes in certain states like nader in florida in 2000, and you could tip the balance that way, right? >>guest: absolutely. nader cost gore the election not just in florida but in new hampshire. he made the difference between gore losing new hampshire to george w. bush in 2000, so, candidacy like that, even getting just 3 percent of the

vote in this very polarized divided time can absolutely make the difference. >>neil: what if you have multiple names? in other words say you do not have to get them on all 15 state ballots but someone getting on five or six ballots, and another getting on a dozen state ballots, one is on all 50? in other words you have some states with multiple choices? >>guest: well, it means we will be very busy putting together unusual election stats. i will do the work for you and share my homework with you. >>neil: professor, thank you very much. i always remember your fine help on the inauguration and the last election. you are an encyclopedia. the g.o.p. race just got a lot meaner. >> he does not have the discipline you want in a

president. >> he is out basically in the left wing of the republican party. >>neil: an antigingrich ad paid for by romney for president, now look at this. >> some people say the america we know and love is a thing of the past. i don't believe that. because working together i know we can rebuild america. >>neil: who is playing it right, newt or mitt? who better to ask than the governor. >>governor huckabee: both of doing what they have to do although look for newt very quickly to come out and start defending himself and going after romney. in fact, there is supposedly a conference call that newt is doing with his supporters in iowa in which he is saying we have to go after romney. everyone is sort of playing mr. nice until now.

those days are over. it is december. the caucus is days, not months away, and you are going to see, now, the candidates scrambling. this is when the blood drops. four years ago this is when things got really, really, ugly and the ads started, and then the press releases started, and then the stuff comes that is not paid for by the campaigns. it comes out of the trees. that is what you have to watch out for. >>neil: if you are gingrich and you built the campaign on not doing that, saying he would never speak ill of the republicans, the reagan rule, and he abandons that, and that is what got him to this ., isn't that risky? >>guest: well, here is the thing, did you see the movie "rambo," and he said but they drew first blood, first blood is an important rule. of course i've watched the movie 17 times. the critical part is something

dick morris taught me my political consultant in my life as a young arkansas politician. and here it is, you want to be the one who gets attacked not be the attacker because once you are attacked people will forgive you for responding to the attack that was made against you. >>neil: do they remember? >>governor huckabee: no, and here is the point. you can say tough things, you first respond and then you counterattack, and a counterattack is always twice as effective as the original attack. so, newt has to be happy that he has been attacked and now he can respond and the response will be more effective than the original attack. >>neil: here is a crackpot near i have on gingrich on the criticism from those who used to work with him in congress, saying he was all over the map, you know, crazy, all of that. that can work to his advantage, couldn't it? for those would claim he is

mr. inside as gingrich has been charged by romney and others he could say even the people i work with didn't like me, in other words, work that into a virtue. >>guest: that is what i wrote do. i am sure that is what he will do based on the advise you have given him. if he did not think about it, he much whats your show he will do what you suggested. it makes sense. >>neil: the handicap is those who worked with him didn't like him and he can turn that around and say i am not one to walk into a tea shop and tiptoe. >>governor huckabee, politics is not so much about your strength versus the weakness of another but it is taking what you do have and forcing it into the place where you are exposing and, really, maybe exploiting your opponent's weakness and his or her strengths. that is the brilliance of a good political strategy and newt is one of the smartest political peopled who walks today. >>imus: -- >>neil: who do

you think has the edge? >>governor huckabee: i think it can change. everyone thinks it down to two but it isn't. at this point four years ago there were four or five and no one was john mccain or huckabee and we ended up being number one and number two. >>neil: before iowa they could not pronounce your name? >>governor huckabee: they still can't. >>neil: well county thank you, governor. who do you have tomorrow? >>governor huckabee: bono. he is amazing. i want people to see and hear what bono, a rock store, an irish man says about america. i wish every american thought about what this irish rock star says about america. >>neil: santa is weeks appear but we have an early christmas

gift for you because we are hopping on san to's sleigh and heading to iowa where is substantially colder than the north pole. on tuesday we will broadcast like from sioux city with ron paul and rick perry, and it leads up to the big presidential debate starting at 9:00 p.m. and bret baier is hosting and i will join megyn, and right before the big debate we will be doing jell-o shots. so the questions should be intriguing. youing thinking, wait, i can't do that? watch me. beware of greek leaders bearing gifts. what is happening over there as they worry big time over here. [ male announcer ] cranberry juice? wake up!

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>>neil: euro, no, forget the treaty, today's stock rally, we are getting the first sign that europe's debt mess is already hitting home here. and retailers are trying to pull it in. to fox business network, people forgetting this. >> we are talking about a string of big named u.s. retailers that could pull the plug on opening new stores overseas because of the unfolding debt crisis. adding a note of caution to the plans, crate and barrel, and forever 21, and victoria secret owner, limited brand. it could be a big step back for the u.k. retail sector which has seen several u.s. retailer tars getting a bigger footprint. apple, for example. crate and barrel says they are slowing down expansion plans but still has hopes to open stores in the u.k. in the next three to four years. and the manager of the pottery barn chain will open stores in

the u.k. in 2013 contradicting early reports for the first london store early next year. limited brands which is opening the first victoria secret store on bond street next year could take longer to roll out the cosmetics chain and bath and body works in the u.k. and europe on the growing debt crisis concerns. and, then, forever 21 has been hot in the united states, and it is playing it safe and coming to expanding in the region but ill is on track to open they say new stores. while u.s. retailers err on the side of caution and the u.k. retail sector could suffer a bit of a set back here, many analysts say that there is still surging interest to expand overseas and it just might take a while. >>neil: thank you, sandra. if europe's debt mess threatening to put the squeeze on jobs here, and there and everywhere. the c.e.o. is maying a lot of changes to adapt to this global

slow down. you have seen the most impressive sales from this region. what now? >>guest: we have been downsizing products and lowering price points with a consumer that lacks confidence and they are looking for value and price points and we have a lost items, ten ounce ketchup and plastic pouch we are introducing and smaller sized potatoes. you have to adapt to the environment or the environment hurts you. >>neil: this is an area we saw last time we chatted, over the worse. it looks worse. today's rally notwithstanding, we have seen a few times how this goes. can you not just hedge your bets you have to make them. what did you do? >>guest: well, we are doing a last things. we downsizing products, lowering price points. >>neil: what about in that region? >>guest: in europe we are doing the same thing, you have tier right asking we are seeing

consumers that are bifurcating to terms of tearing of income and confidence level but with improving confidence consumers still telling us they are shopping weekly, shopping paycheck to paycheck and they want cheaper items but good brands. we are trying to accommodate that in europe and the united states. >>neil: and the major retailers who say, well, we will delay an opening or scratch an opening sore sandra smith said we will put it off into the future. >>guest: you have to have vision and look ahead and plan ahead. in our country, heinz kept people employed and introduced new products and built the company during the depression and we have done the same since the 2008 recession. it takes courage and luck. but you have to continue to enknow separate and drive failure recognizing the environment and challenges are difficulty. >>neil: could i switch to

politics, the payroll tax cut thing, people say we need this resolved. some are looking forward to the employer component of that. and they were disappointed when that was removed. what are your thoughts? >>guest: we are looking for certainty, and a temporary payroll tax cut does not do anything for senatorty or figure to put enough income into consumers' pockets. my view is we need to refollow the entire tax syma. churchill is my favorite man in history and he said, once, a country trying to tax itself to prosperity is like a man standing if a bucket and trying to get himself up by the handles. does it not work. for me a temporary tax cut on part of a tax we all pay does not stimulate things. i would rather build the pipeline and get jobs that way. >>neil: on the pipeline we not doing that. so if it is put off for a year

or more, then what? >>guest: uncertainty. we will deal with that and during uncertain periods, people pull the mondays in and that is why we are trying to address the consumer confidence. >>neil: some economics is better. not great. but better. the administration has talked about the improving jobs numbers. retail sales, not great, but better. manufacturing data. not great, but butter. and this continues for nine, ten, 11 months, she if again. >>guest: maybe. i have worked now through four administrations and i deal with the environment we presented with. consumer confidence has not changed much. it has improved a bit. unemployment has improved a bit. but the jobs picture is bleak for most around the world and we have to adapt as an industry and company and we continue to adapt when things change we will try to get ahead of that and sense what we need to do.

waiting for the environment to change and improve for a couple like ours is a mistake. we have to read into it and move ahead of it. >>neil: your mood right now as far as fat cat c.e.o.'s successful rich guys, and women, does it irk you? >>guest: in the sense that people see the end of the movie and not the beginning of the movie. they did not see moving 13 times or 12 times or the sacrifices and the missed things and they see how it is now but they did not see the sacrifices made so it does not irk me but human nature to criticize people where they are. you know that from your career. >>neil: very good to see you. occupy wall street now occupying classrooms. did you see this? incredible! i stepped on the machine, and it showed me the pressure points on

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>> arrest the police! the police. the police. >>neil: now you can get college credit for this. i kid you not. new york university planning to offer two courts on the occupy wall street movement next semester. not a peep about tea party class but it has a small business class worried about what the kids will not be learning. so you will not enroll in either course? >>guest: i will help teach it and give them a different perspective. that part, the bad part is they will get the liberal position and not what led up to it and i am all about using current

events to teach, but they will get one-sided story. >>neil: the instructor, said it is to enlighten people into the fortses in our society at work, implying that the forces of society are not there. >>guest: and we will continue to breed more entitlements more people who want to wait fort unit rears to drop money and say the same things that you should and that astronaut what the country was county on. you want more, go work. do the sacrifice and put the hard sweat into it. that is what it takes to get to the 1 percenters. we gave up years and years everything we owned. if it was not nailed done i sold it to get ploy first business. this is unfortunate. >>neil: but we have an entitlement view here that has developed, and not just here but everywhere and that is what the world is fighting when the entitlement part is not enough. and it creates this.

so, if you were teaching the course, what would you teach? >>guest: for me i would teach the fundamentals of hard work: commitment. dedication. the people that are further along, it is because they are more focused than you. more people do this, and that, and that doesn't work fast enough, they quit. look at the resumes, 16 different jobs. they have not committed to anyone. no one commits to marriage, or their education or that are parents, no one has what it takes to get something far enough to actually succeed. entrepreneurs know it is constant focus. 7/24. around-the-clock we are thinking of our businesses. you only see the end when they say look, she made it. but what about the 25 years in the trenches. >>neil: if they teach the 1 percent are not that bad but they have a disproportionate share of the wealth but that has

grown and a way to address that is to hike taxes on them so that we can narrow that historically large gap. >>guest: but that not what happened. that is a myth. what happens is people with means do different things with their money, so the minute you decided you will tax me more they put money in different tax shelters the you will not get the money they forecast they will get from the top 1 percent. second, you have to take a look at what you can control in your live. if you want more do more. when you start taking a look at 9 us and the them, you have to look at how people are trying. there is a saying that says it is not hard to be successful because so many are trying, look at the last five years people say i will not work for ten dollarens an hour -- for $10 an hour. are you kidding? i worked the first two years of my life for free. >>neil:ed -- how does someone

like you view the presidential election, the defining issue for you, then, is what? >>guest: big thing i believe this administration has put so much sludge and handcuffs on us with the rules and regulations. i look at what i have spent this year as an unpaid administrator for this government to just try to figure out, are we compliant? how do i remember? the wasted money is absurb. i could have hired four people for what i paid in just administration duties. >>neil: so you would cut down on rules and regulations. >>guest: creating another epa ... >>neil: would looks most attractive of the candidates? >>guest: nobody. i like nobody. >>neil: if you had to make a choice?

>>guest: well, i would lean to newt for the quick decision making on your feet to really think objectively what is best tore big business, small business, the consumer, whatever, newt is better. >>neil: you seem to be coming out of your shell. continued success. very good seeing you. she call them as she sees them. long term? or wrong term? how a european debt fix for the future could impact his future. x

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call or click today. >>neil: european leaders are going along for the debt fix and the president is short on patience? >> italian prime minister indicated today he could be coming to the white house next month. do you think he and the european leaders are stepping up in the way you urged them to? >> i am obviously very concerned about what is happening in europe. there is a short-term crisis that has to be resolved to make sure that markets have confidence, and europe stands behind the euro and we will going to do everything we can to push them in a good direction on this because it has a huge impact on what happens here in the united states. >>neil: right after that ed henry was removed from the press room. good to see you, buddy. >>guest: i heard you have jell-o shots. >>neil: yes, we do.

>>guest: i met the guy who says if you don't get fbn demand it. >>neil: he has an agent. >>guest: it is cool to meet you but cooler to meet you. >>neil: this could be a long interview. you have your doubts whether the european mess will end nicely. >>guest: the white house line as the president said and what the spokesman said before, the european problem, and they need a european solution and there are two parts to that. they say that europe has the resources to take care of th, the president said that in the answer, and that is that this is not some impop -- impoverished area. the message, don't ask us for a bailout, folks, that is the clear signal. >>neil: but if everything hit

the fan, would the president provide the billions? >>guest: he had the e.u. leaders at the white house said we will do everything to help you and vice president biden was in greece. >>neil: why did he bring treasury guys? >>guest: you would think when you hear "we will do everything we can to help you," but the officials say it is advise. we worked through a big financial crisis. we are going to talk about advise if dealing with the crisis because we obviously went through a major crisis in 2008 and we are still digging out and they think the administration can give strategic advice but people in europe are saying does that mean a blank check and the white house is trying to shut the door. >>neil: the dodd-frank financial reform law is saying there is nothing too-big-to-fail

but i can't see it, if a bank is on the ropes. >>guest: that is why the second part of saying, this is a european problem, and it need as european solution and they have the resources they have to dig out but he also is saying they need the political will to do it. and, so far, they have not shown that political will. how many meetings have we covered in the last month of european leaders, merkel, sarkozy, meeting again, talking, and it either ends badly or with, we will have another meeting the at some point the rubber will meet the road where some of the banks will feel pressure, more treasure than they feel now and you are right, there will be amployment are -- there will be a moment where we have to make a big decision. but it is dragging on. >> how is the white house treating you? >>guest: great. >>neil: when you flipped over to fox, now, i have been following your career closely despite my protests they hired

you anyway, but you have asked the questions, and you are fair and balanced and then they talked about your affiliation with fox. >>guest: some all honesty they will be back-and-forth and the white house will want to if back because they need to if they we ask questions they may not want to answer. jay camp -- carney and i have a great relationship. >>neil: so he is the warm fuzzy guy? >>guest: he is but she a red sox fans. >>neil: and the other white house guys they are not getting food tasters for you? >>guest: i am doing my job and they have been straightforward. >>neil: sense you came there has been an earthquake in japan, one calamity after another and we now have, i think, $2.5

trillion more in get. feel guilty? insurance sense you mention you are italian american do you feel guilt? any get at all? >>neil: no at all. i leave it at that. >>guest: because ireland, we had our problems but we are digging out. >>neil: i am part irish. ed, always good to see you my friend. good to see you. next type, jell-o shots. he is a great, great, great addition to fox. >>guest: are you forced to read that right now? >>neil: someone else wrote that and told me to say that. hawaii can wait. the president left out on that push for a payroll tax cut deal is something else that could wait, too. critics' job. thousands of them. for a hot dog. my mother said, "well, maybe we ought to buy

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>>neil: this could seem odd a payroll tax cut creates jobs but a pop line project is add asked we get no jobs because the president is threatening to veto the new package of that ties the two. and senator thune says that does not make sense. he is saying "to way." >>guest: he left himself a little bit of wiggle room. i hope he would not veto a bill that has a payroll tax extension, unemployment insurance extension, a lost other things that he wants simply because it includes language that would require his administration to make a decision on a pipeline that is ready to go, 20,000 jobs. there is not any reason why this should happen with 20,000 new jobs, $7 billion in investment duringhe construction and all the jobs that come with it, the energy. it is an economic issue.

economics issue. jobs issue. and an energy issue. and it generate as lot of state and local tax revenue. >>neil: how do you pay for this? >>guest: the payroll tax cut thing? the house has spending cuts in there, doing some things and making sure that millionaire dozen not get food stamps and unemployment insurance. >>neil: but there is nothing like a surtax on millionaires that the democrats have been pushing? >>guest: it is done in my view with what is the correct way. to do this on the spending side. some things that income testing for high end earners and medicare, and they are really good solid pay-for's and the house has done a good job in attracting bipartisan support. many of us have issues with it in the first place because we do not believe it is good tax policy. is done the best way possible and positioned the bill to pass not only in the house of

representatives but hopefully the senate and i would hope the president will not veto it because it includes the keystone pipeline language. >>neil: i know you are supporting romney and he talked about closing tax hoop holes and credits and he was not dogmatic on that but said they are not hiking taxes if they have been used in the past to prevent some from paying taxes at all and many purists in the party, conservatives who argue that is a tax hike when you close a loophole for whatever reason. leaving aside whether you attach it to tax reform is closing a loophole, any loophole, a tax hike? >>guest: it depend on whether it is accompanied by a lowering of rates. >>neil: assuming it is not. to secure a debt deal or payroll tax cut deal. >>guest: it will be a tough vote if you do not have the rate deductions with hit.

you could argue they ought to broaden the base and do away with the loopholes and some of the deductions and preference that exist in the tax code today. most americans would prefer a simpler more clear and more fair tax code but you have to get the rate reductions to go with it, otherwise, most republicans are going to view it as a revenue increaser when most republicans view the problem, the definition of the problem being one of spending. so could we get tax reform? i think so. a lot of the good work that has been done by the super committee and others has produced some proposals out there that would have rate deductions on business, and lower the cot -- costs and broaden of the tax base that closes loopholes. >>neil: why do so many of the colleagues not like the prospect of a president, newt gingrich especially those who worked with him? >>guest: most republicans will

rally whoever is the nominee because the real thing that is motivating --. >>neil: why get that. >>guest: most are motivated to make sure we replace the current president in november. >>neil: but it seems that gingrich, it is personal and visceral with him. >>guest: there are republicans who have different people that they are behind and i obviously endorse mitt romney because i think he is the right person for time. if you are talking about fixing a bad economy you want someone with expense creating jobs and fixing things and he brings that as pat of his background to the job. ere are others looking for a different type of leader and we will see, it will be sorted out by republican voter across this country as the caucuses and primaries get underway but my view is we ought to nominate the most conservative electable candidate we possibly can and as i said before romney fits not only someone who can get the job done goal elected but someone

who selectable. >>neil: we shall see. in the meantime, why voters could be leaving some in washington coal on christmas.

>> is it any wonder congress' approval rating is not tank, with a new ad from house republicans.

>>neil: our guest says both parties belong on the naughty list. >>guest: it is a silly seasonal ad at least they create add job for someone to do by putting it together but what is the only job they create by such an ad. >> i understand how the blame game goes but i cannot imagine it endures a single additional voter to your camp as much i do not believe when the left goes after the right with the same approach. so, what is the idea? where do you think we are ending up? >>guest: well, those ads are meant for house republicans to get their message out in some way but they are only playing to the base when they put out cart teens. the average voter, the majority, are put off by those tactics, those blatantly partisan media approaches and i don't think voters buy it.

>>neil: they assume that, all right, the house did all this stuff, and the senate didn't, as if everyone knows the house is republican and the senate is democrat, but there are a lost assumptions made so if you are preaching to the choir you are not being consistent. >>guest: will that's true. you can easily reply to that ad the senate has pass add lot of stuff the house hasn't taken up, either. that is obvious but what half the republicans are betting is a lot of voters did not know or realize that republicans are the only party in power in the house but democrats control the house or senate but that could be the only thing they think when they create something like that. >>neil: is it any wonder peoplered serious thought of an independent candidacy because in more than half a dozen states that is a very popular move where both voters identify themselves as independents.

what do you make of that? >>guest: it is becoming increasingly common and we have seen polls that people are leaving the national parties and becoming independents in the last couple of years. they are disaffected with congress and the presidential race is another ballgame. it used to be that people hated congress and loved their congress plan and now we look at polls and people not only hate congress but they hate their congressman, too, and that is why we have seen the comfortable "throw the bums out elections," and it will only continue. >>neil: thank you very much. have a good weekend. no problem.

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finance, just a clueless dude pulling cranks behind a curtain. the upshot of a remarkable hearing that revealed there was never anything remarkable about jon corzine at all. a self-proclaimed hands-on genius who said he didn't have a clue. didn't know where the money went, where the money is or even if they will ever find the money again. we are talking hundreds of millions of dollars. financial titan reduced to sputtering peewy herman. it's sad when those we assume in the know didn't know much. i take nothing away from the former goldman boy who clearly m.f.ed up royally. but what does it say about us and how we once treated him like royalty? another goldman vet who was as financially savvy you can get, too smart for us, better than us and part of money man who used to dismiss critics. now image of a different sort. jon corzine is the latest and i suspect he won't be the last

geniuses who can do no wrong until we discover they could do a lot wrong. bob ruben was the financial superstar until his time at citigroup. and paulson, smartest hands down until a meltdown. my dad said neil stay humble, in your case it will come in handy. my mom had a nicer spin. no one is perfect. the fools are those who sell themselves off as if they are. lessoned learned. i suspect lessoned forgotten such as mankind's state to be fooled by all of those who we all but fancy mandkind superior. the humanity. the best and brightest of us seem to forget, all part of humanity. we're all human. ivy leaguers just itch to be seen more. maybe they shouldn't try so hard. because they only end up falling harder. one hour from now on fox business network. someone who sees that it way, craig barrett the former intel ceo on what the president can

learn from a certain prime minister across the pond. rare words from a rare guy who rarely does tv interviews on fox business network. i'm thinking to myself -- this is an opportunity available only to those who get fox business network. i'm thinking you don't get fox business? ♪ ♪ >> that's right, neil. like i always say, what better way to tell somebody you love them this holiday season than by calling your local cable provider and having them demand the fox business channel? it gives you the power to prosper. you just caught us and we were about to trim the christmas tree. i got my new album out. i figure, neil, we could do a movie together called "the road to demand it." be a forward picture. >> we're trying to get more viewers for fox business network. >> if you don't have fox business, you should demand it. sing with me.