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tv   Cashin In  FOX Business  March 23, 2014 9:30am-10:01am EDT

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fed produces. >> they're having trouble producing money. i kind of like it though. >> kind of. that's not a full endorsement. that's it for "forbes on fox." keep it right here, the number one business show continues with eric bolling and "cashin' in." america the super power becoming america the pushover? >> we do not need to trigger an actual war with russia. >> none of what we're saying is meant as a threat. it's not meant in a personal way. >> fell lows, it is personal because while putin is redrawing the world map, president obama is drawing basketball brackets and laughing with comedians. mr. president, time to quit playing around around start powering up america. plus, time is running out on obamacare. looks like 7 million enrollees goal is going up in smoke. that might explain why they're spending millions, millions of
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our tax dollars on ads featuring basketball stars, girls twerking and jerking and dare i say, even elmo. then a black hole and supernatural forces, are some in the media going overboard over the malaysian airline mystery? "cashin' in" starts right now. >> hi, everyone. i'm eric bolling. welcome, everybody. two world leaders, two sets of priorities that may be shifting our super power status. as putin riles up russia this week, here's what our president was doing, announcing sanctions on a handful of russians, doing basketball brackets, going on espn radio, hanging out with ellen degeneres and planning his upcoming vacation. michelle, are things like this turning us from a super power into a super joke? >> president obama is filling
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out his march madness bracket while putin is basically reun e reuniting the soviet union. it's amateur hour in washington. putin correctly calculated tat we had a weak leader and now president obama's sanctions are being met with mockery. what is president obama going to do next? remove putin and his buddies from the white house christmas card list? he's the leader of the free world and needs to start acting like it. >> john, it affects every single american watching, whether you're an obama lover, it doesn't matter. when america's super power status starts to evaporate, that affects us in a number of ways. >> what makes a country a super power and its commitment to individual rights and freedom, not their natural resources or willingness to annex other countries like putin is doing. what i think he'll find is that dictatorship is bad for business. the per capita in russia was about $14,000 compared to 50 in
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the u.s. their stock market and currency have been crumbling. the old soviet union couldn't even feed itself in the end. as long as we stay free, we'll stay a super power. >> you've been a staunch supporter of president obama. are you concerned when he's hanging out with ellen degeneres while vladimir putin is literally redraulg the global map. are you concerned? >> no, not at all. in addition to going on ellen he is doing other things. this is not the frame i just reject. this is not about russia versus the u.s. as a super power. this is about working with our allies to hold russia accountable, deterring further aggression and making sure that we support the ukrainian people. when i listen to michelle's remarks i'm like, whoa, wait a second, we as americans are
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supposed to remember politics stops at the water's edge. we do not dis our country and our president in that way. >> do you think going from 11 to 24 people russian's sanctions is enough bite to change anything in putin's mind? >> there's a lot more that can be done. the sanctions can be increased. i think our european allies have a lot to do and can put some sanctions on the table, removing the money that they depend on, but that also means they can't depend on that oil. >> wayne, putin has a 70% approval rating in his own country. president obama is struggling to stay above 40%. who's playing this global theme better? >> well, he is because he's got power. he's got power and you have to realize ukraine is next door to him. it's on his front doorstep. we're not going to go over there and invade them or have military
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strikes against the russians because of this. so you got to ask what can the president do. yes, he can invoke sanctions, but the sanctions he has to invoke have to be meaningful. for example, germany gets 40% of its energy from russia, so you can't ask the germans to cut off their nose to spite their face. what you can do is say we will supply you, we will let the pipeline go through from canada down to the coast. we will let the keystone pipeline go through so that we can help you, you in germany and you in the rest of europe. we can help you invoke these sanctions and make it meaningful. >> wayne makes a very, very important point. there are two real enemies in the united states it seems like right now, maybe three if you add china. i would say iran and russia don't have our best interests at heart. the way to get back at them, michelle, would be to produce all the energy that we use right here in america and we don't have to depend on those people. >> russia gets most of their
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wealth from the energy sector so we should be speeding up our natural gas and oil exports. we can weaken putin for years to come. what we should be doing is that right away because that's where -- if we can reduce russia's influence we can reduce their wealth. if we reduce other countries' dependance on russia for oil, that's what we should be doing. >> and treat a thugthug. eric, you started the conversation talking about obama's leadership. thug's run at the first sign of a resistance. has president obama been that resistance? >> john, let me ask you this -- >> the russian reset -- >> hold on. let me play something for you. this is from june of 2009. this is president obama's first international speech. listen to what he said and apply that to what's going on right now. listen. >> given our interdependance, any world order that elevates one nation or a group of people
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over another, will inevitably fail. >> john, let me paraphrase, america is exceptional but they should no longer feel exceptional. we're almost embarrassed for american exceptionalism. john? >> certainly, there's no belief in american exceptionalism, eric, and that's why we've been weak on russia, on iran, al qaeda and it's not just that we look weak, we are weak, and obama has a lot to do with that. >> i have no idea where we gets we're weak on iran when the sanctions have been working. >> we lifted them. >> but have they worked? that's the point. >> how did they work? >> we have in this country no interest in a shooting war with russia. we have got to pull back from where we were two wars that we were sick of. but at the end of the day, america is exceptional and when you talk about the president, regardless if it's a democrat or a republican in the words that
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conservatives have been using, that's not exceptional. >> wait, let's go to wayne. if sanctions are working against iran should we lift them, back off those sanctions? >> no, no, we should increase them, eric. that's the one thing we have. we are the strongest economic power in the world today and we should use that power everywhere we can to help balance the power in the rest of the world. we should use it against the russians, against the iranians, all of that. that's the one thing we can do. >> go ahead, john. >> if the sanctions are working how come iran is still building a bomb? if al qaeda is on the run, how come they're still scheming. obama's foreign policy is a disaster. >> because they're not using the sanctions. they should be tougher with the sanctions. >> i agree. >> i think most of us are agreeing. michelle, tie this up, please. >> the president doesn't have a coherent foreign policy, putin
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is taking advantage of that and it's on display for the world to see. >> get your pompoms for putin, michelle. >> excuse me. i am not -- i'm on america's side. i'm not on putin's side. >> we have to leave it there. that was a little crying fire in a movie theatre as the movie is ending. we have to leave it there. keep the conversation on twitter. let's keep the trending going now. make sure your voice is heard. when "cashin' in" trends, you trend. watch this. j.j. author writes we must teach our kids why america is great so they can keep they are that way. obama is more suitable as an snl cast member than president. coming up the clocking ticking on the obamacare deadline and the white house is making its final push with goofy
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suddenly you're a mouthbreather. well, put on a breathe right strip and instantly open your nose up to 38% more than cold medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right . the push is on and obamacare ad blitz is under way with the deadline just a week away but selling it may not be a slam dunk even for lebron james. >> sign up now. you never know when you might take a hit. >> add there to the goofy video like this girl twerking and slipping. the white house is spending $17
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million of our tax dollars per month just to get young people to buy in. your thoughts, my man? >> the celebrity endorsements and the ads during the olympics, the appearances on ellen, it's unkuth. the fact that it's trying to convince young people that statism is good, that self-sacrifice is good. what does the president think of young people? they're knuckle heads, they don't know a good deal. they're idiots. almost 90% of young people find it's cheaper not to sign up and pay the penalty. none of this has anything to do with free markets or a free society. >> young people probably should take the penalty. i'm guessing it's going to get harsher. charles ponzi would be proud of obamacare. it's a scheme right up his alley. >> even worse, they're spending our money to promote it.
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if it's so good, why does it have to be sold? you don't have to sell the super bowl. you say i announce that tickets are for sale and people want them. this is a disaster. the whole law is a disaster. the president has changed the law himself 28 times illegally of course. even after the supreme court has passed on it. this is an outrageous thing and we should stop it right now, stop the whole thing, get rid of it, repeal it and let's start over. >> we only have a few more days until we find out how many people have enrolled. the white house has asked for and said 7 million was successful. it doesn't look like it's going to come anywhere near that. >> first, i would take the nfl marketing budget and retire and buy all of y'all's homes. of course the nfl markets the super bowl. wayne, i'm scratching my head. 5 million people have signed up. young people exist on a steady diet of humor. so of course the president -- we may think it's undignified as
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older folks with the gray hair but the president is talking directly to them. on serious issues they get their news from the daily show and the colbert report. 75% have paid. >> i'm not sure about that number. by the way, we don't know how many are young people signing up as well. we really need young people for this ponzi scheme to work because they're the ones who pay for the others. >> let me get michelle in here, please. >> 5 million people have signed up they say and they estimate that only 20% are young people which is not enough in order to keep premiums down. a bad deal is a bad deal which is why young people are not signing up for obamacare. the average 27-year-old man in america is going to see premiums sky rocket for them. they're going to see it go up by 97%. the average 27-year-old woman in america is going to see premiums hike by 55%. that's not a great deal, especially for people who are
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having 17% unemployment right now. the average american graduates from $35,000 in student debt. this is not a great deal. this is terrible. >> wayne, you want to jump in? >> i was going to say, to spend $17 million a month is stupid. >> at every opportunity they keep telling us that the law is working, eric. the website didn't work, the premiums went up when people lost their jobs and their incomes and hours as a result of that. they keep telling us that the law is working because of course the law has nothing to do with health care. it was all about control over health care. folks like people on the left consider medicare and medicaid with $100 trillion in unfunded lie abilities to be great successes. it's about statism, control, not about freedom and individual rights. >> health insurance is a good thing, whether you're young or old, accidents happen. you should not go bankrupt
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because you get sick. you should not lose your home because you get sick. once we realize that as a country, things will be much better. >> let me get michelle -- >> we could take the $17 million and give that to them. but this is crazy. >> we have to leave it there. coming up a zombie plane, a black hole, the mainstream media black hole, the mainstream media in a speculation frenzy over the [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom.
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way at the top of the hour. join us.
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from conspiracy theories to downright crazy theories, some media's coverage of the malaysia opinion plane is literally out of this world. like if the plane was sucked up by a black hole or if supernatural forces were involved. what if a ufo took it or my personal favorite, calling it a zombie plane. >> this is reckless. pretty soon they're going to start debating whether the plane even existed. it's reckless. it's not keeping people knowledgeable. they're not talking about the facts and we need to remember that this is a serious issue. there are people who are missing their family members who have not slept. i think a lot of networks need to start having their coverage reflect that seriousness. >> a lot of speculation but people really want answers, they can't figure it out, they love mysteries. is the media getting out of hand? we have gotten a lot of facts. i've been glued to megyn kelly's
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show every night, but there are people, myself included, i look at the facts. there are more planets than grains of sand. i know there's intelligent life out there so i can see how someone can say maybe a ufo connected it but that's not the majority of the coverage. >> that could kind of explain why she leaves in obamacare. >> all of these crock pot -- you're right, eric. get a crystal ball. got to the dalai lama. ask him. that would be a lot better. i feel sorry for the families who are suffering. they have to go through and listen to all of this and people dreaming up wild theories about why these things happened. look, it's a mechanical failure or it was a hijacking of some kind, and it doesn't really matter. ultimately you have to care about the families. >> all these -- >> all these crack pot theories.
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maybe it was a ufo. all these alex zones skepticism. it's an attack on reason, maybe a zombie took over the plane, company can't know anything, right? you separate the wheat from the chas. the best ideas stick around. the bad ones go home and that's reflected in the ratings. >> sometimes i think my colleagues have been body snatched. >> the media is important because it forces people who are looking for things to continue to spend the time and the money. quick thought, michelle, before we go? >> i think that they should focus more on they shouldn't be speculating and they certainly shouldn't be talking about ufos. it's not productive. >> we're going to have to leave it right there. thank you very much. coming up, a slap in the face for america. lawmakers honoring a mosque lawmakers honoring a mosque where terrorists
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♪ introducing the all-new 2014 s-class. mercedes-benz. the best or nothing. time for what do i need to know for next week. >> i've been hitting the biotechs heavily. i still like a lot of them. i think you have to buy them on dips. the one i like particularly this week is satellite jeannette ticks. sgen is the symbol. >> very good, wayne. thank you very much. how about you, john? >> yellen spoke and real estate
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prices fell. that's why i'm short reits. someone can do it with rek. it goes up when real estate goes down. i think it's a good hedge even though stocks have been strong and i own it. >> very quickly, single time or double time tore triple time on that negative reit? >> a single. >> got you. great calls, you guys. great week. that's it. thanks for joining us. before we go, sometimes lawmakers do some really stupid things. too often, in fact. take the virginia state legislature this week. they passed a resolution honoring the falls church virginia islamic center pictured here. does that mosque look familiar? that's the mosque where anwar al-awlaki worshipped just before he murdered 14 at fort hood and two of the 9/11 hijackers
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