• DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.

    Bulls & Bears | Cavuto on Business | Forbes on FOX | Cashin' In

    Bulls & Bears

    This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Pat Dorsey, Morningstar.com director of stock research; Scott Bleier, HybridInvestors.com president; Tobin Smith, ChangeWave Research editor; Eric Bolling, Independent Trader; Marc Lamont Hill, Temple University Professor of American Studies

    Trading Pit: Thank You, America!

    Thank you America —You just gave the economy and the market the best gift possible: proof you are alive and spending! On Friday (12-21-07), stocks went flying at Santa altitudes, you might say, after finding out consumer spending was flying high in November—the best jump in 3 and-a-half years! Is this a sign our economy and market are back on track?

    Gary B. Smith: Absolutely! I’m not so sure the economy ever got off track. If people have jobs and they have money, they’re going to spend. That will keep this economy propelled in 2008.

    Scott Bleier: The consumer is adding too much debt to their credit cards. Consumers are “spent up”, and the economy is going into a recession!

    Tobin Smith: If you look at the growth of income for next year, we are continuing to be a solvent economy. The market is priced that way right now.

    Eric Bolling: Corporate compensation committees are the Santa Clause this year. They are employing us at 95% and they’re paying us more than last year. We’re spending all of it and it’s putting real confidence in the economy and the market.

    Pat Dorsey: Job growth is the most important thing to watch right now. We’ve had an offset with housing and exports. We’ve added jobs in exports that we’ve lost in housing.

    Riots Over Public Housing: Proof Gov't Handouts Don't Work?

    Protests in the “big easy” turn ugly. Residents in New Orleans up in arms over plans to demolish their government housing damaged by Katrina - even though the city promises to rebuild new modern homes. Is it time for our government to get out of the housing business?

    Tobin Smith: New Orleans is a laboratory for all the wrongs of this type of housing. They (the government) built a generational approach to poverty. This is fifth generation and it created this sense of entitlement. What you’re seeing here are people saying, “the government owes me a home”. It disincentives and it’s the wrong approach.

    Marc Lamont Hill: These people work everyday, they are citizens of the United States and they pay taxes. The reason why these people are in fifth generation of public housing is because there is often times lack of economic opportunity, in New Orleans in particular. To take away and deprive them of public housing is Un-American and unethical.

    Gary B. Smith: It’s been going on for generations because the government does a lousy job of building and maintaining these properties. The better solution is to just give them the vouchers for housing, and let the free markets work!

    Stock X-Change

    Can't figure out "what" to buy in these last days before the holiday? Wait no longer, procrastinators: last minute buys from the Bulls & Bears in the Stock X-Change.

    If you want to watch what each had to say about each stock, click here.

    Gary B Smith: Best Buy (BBY)