Skip to main content

We will keep fighting for all libraries - stand with us!

tv   Cavuto on Business  FOX Business  March 30, 2014 1:30am-3:01am EDT

1:30 am
>> bear. >> one in three parents admit to stealing or borrowing or taking money from their kids' piggy bank. i one of them. every parent does. keep the lights on somehow. i get it. >>. >> we have a lift-off. lift-off of steve swanson. on a six-hour journey to the international space station. >> from russia without much love. we are hitching a ride up and their troops keep building up. no wonder so many americans are fed up. i'm neil cavuto. the russians are taking us for a ride and we are paying them $71 million for the seat. they are the only way we can get to space so we cut the check because beggars can't be choosers. no wonder americans are feeling
1:31 am
increasingly like losers. what do you make of all this? >> i don't think it's just a metaphor the only way they get to the space station is with russia. quite the irony. the bigger picture for me is superpowers do not create $17 trillion in debt and other trillions for legacy debt the. superpowers do not have almost half the country on food stamps and poverty going north. we've got to start turning this around and soon. >> you immediately seized on my metaphor so i thank you for that. ben stein, what do you make of the fact it's not been a good week when you look at u.s. influence around the world and
1:32 am
maybe this space thing was icing on the cake here. it doesn't make americans feel good. >> power flows from the barrel of a gun. we disarmed ourselves. we let ourselves become weak all over the world. we only have a smattering of troops in all of europe. it's a pathetic situation. our navy has been cut to virtually nil our air force is cut. we did not elect mr. obama to be a unilateral disarmer, but that is what he is doing. >> except that is not true. >> mr. putin does not work on the base of morally superior to me. >> it's interesting what ben says and the metaphor which i agree with, it isn't true. >> he didn use the metaphor. gary did. ben went away from the metaphor. >> i understand. we have 60,000 troops in europe,
1:33 am
account for 3/4 of the budget of nato. we are still a superpower and have chosen for budget reasons not to pursue space the way we used to. we were relatively friendly with russia. while i think the metaphor is right, i agree with everything gary said. we do have these structural problems. fox news alert. we can't lose sight of the fact we still are the world's military superpower, far more powerful than russia. >> where does this go? bottom line is the world doesn't follow or lead the president's poll numbers continue to get worse. americans' perception about where they stand doesn't seem to get much better. >> that's why i was never in favor of doing away with the space shuttle program then having this gap, which we've known about for years. president bush signed off on getting rid of the space shuttle program. we would have this gap when we
1:34 am
wouldn't have a way through nasa to get our astronauts to the space station. we would be hitching rides. i didn't like it. i think the space program and nasa are symbolic of our achievements and what we can do as a nation. it needs to thrive. it's always been the focus of cost-cutters because of its budget, even though it's less than $18 billion a year, compared to more than $600 billion for the defense department, it's a drop in the bucket. everyone talks about the importance of privatization. that's what we are doing with these space flights. getting ready to award contracts to private companies in the u.s. to do what russia is doing. >> i know. everyone gets excited about the privatization act. i take nothing away from that. there are some thing nasa stood for. >> i agree. >> it doesn't make you feel good. we used to conquer the heavens, now we are hitching a ride to the heavens.
1:35 am
we keep bit by bit giving up our core. >> it reminds me of the 1970s. the russian economy is $2 trillion economy versus our $17 trillion, we are much stronger but acting weaker. it does remind me of the 1970s. i remember growing up thinking the u.s. was in a decline like the roman empire. what is interesting about this, it's so self-imposed. the problems we have right now can be fixed pretty easily. give businesses a reason to hire. give people reason to save and invest. that can be fixed pretty easily. we have a president who is not only disarming the military, he's disarming our economy. you come out of a financial crisis you waste $100 billion, you threaten raising taxes and you threaten with a health care mandate, then you wonde why
1:36 am
corporations are sitting on gazillions of dollars in cash. >> they are doing well in the markets. >> but they are not hiring anybody. >> i'm not for the type of growth we are seeing. it is growth with a plus sign in front of it. >> think of our gdp. this is the most anemic economic recovery. companies can cut stuff through advancements like that. if you look at the underemployment numbers, they are huge. this is a country that's weakened economically. >> it's not just about numbers but how people are feeling. every day we are reading about other countries and their leaders talking about where is the united states when it comes to foreign policy? what is our foreign policy? some people believe there isn't
1:37 am
any foreign policy. >> all you have to do is look at our response to what russia did in creamia. >> you said we did have a response, economic response. >> we could have. we are not -- >> we haven't begin it much time. >> what are we doing? >> you told me a lot of bankers were bitching about not going too far. i care about because you said it. >> i said bankers don't want us to take these steps. i believe we should. >> i understand it. >> there are no steps. there are no steps we can take. russia controls this game. we have no cards to play at all. >> if i may --
1:38 am
>> we talk over each other, i hate that. you talk about no financial cards, you don't think that is enough. there is a limit to what we can do? >> we can upset all the guards who are rich and make them richer. whatever we can do is pitiful compared to what russia can do to eastern europe. >> what you're saying no matter what we do, we can't get europe to go along, we are a paperer tiger? >> there is nothing europe can do either. they are completely dependent on russia. like a drug addict being dependent on a drug dealer. >> if you squeeze those guards they are going to be fired up. >> that's what i wonder. what is the next level you take
1:39 am
it to? i agree there is a limit to what we can do. what do you do? freeze all their assets? >> if we went to the nuclear option without dropping a nuclear bomb, nuclear option freezing assets, taking not just five russian guards. >> compared to the guy who owns the new jersey nets. >> he's moving back to russia. >> he is afraid of his assets being frozen. europe is so dependent on these guys that the cure is worse than the disease. >> what a mess. when do you see this pathetic pattern here? so do we. tonight we spell it out in a great special i urge you to watch called "surrendering america." bret baier is hosting it. yours truly taking on the space
1:40 am
program. i wanted to be a astronaut as a kid. i went to cape canaveral with my parents and realized i couldn't fit into the capsule. i moved on to tv anchor. that is another story. >> much better job. >> thank you. america is all the better for it. up next, the government is starting a food fight to fight global warming. we report, you hide the dessert. >> remember the instant you ♪
1:41 am
1:42 am
[ vet ] i'm coming home from my tour of duty and looking to jump start my career. any advice? [ advisor ] you can start by applying your skills to areas that interest you. [ alex ] acp advisornet has built a non-profit online community to connect our veterans with business professionals, like you and me. so why not share your valuable experience? [ advisor ] i can help you with your resume. [ vet ] that'd be great. [ alex ] please go to acp advisornet.
1:43 am
because their service deserves our service. ♪
1:44 am
back to cavuto and business. log on to fox the usda, health and human services department are drafting new guidelines. what do you make of it? >> i make of it a continuing effort on the part of the democrats and the left, the environmentalists, nutritionist left to control americans' lives. some things are more important than telling us what to eat. one is maintaining americans' freedom. this trying to control what we eat is a scary proposition. >> this is your fault.
1:45 am
i'll tell you why. you first started going after my canolis and now you're saying they are destroying the carbon footprint. >> i have no idea what you're talking about. >> i don't remember ever going after your cannolis, neil. >> it's a metaphor. >> ben, to steal a page from your playbook, with all due respect, aeroone of the most intelligent global warming deniers i've ever come into contact with. this is a real phenomenon. the usda should be involved helping americans have better nutrition. the fact is there are healthier ways to go about doing agriculture and they are trying to issue broad guidelines to be helpful over a very long period. >> one or the other. i feel guilty enough about what i'm eating. now i have to be cognizant of the environment when i'm dieting? stop. >> whatever it takes, neil.
1:46 am
>> this is all about regulations, all about control. you've got the u.n., imf all want global taxes. a ton of people on the left want carbon taxes. >> this is the perfect solution is a free market solution. the more meat china eats, the more milk they consume, prices will go up and we will, as a nation, consume less because the prices go up so much. it's self-correcting that way. >> i have no idea what you just said. >> if prices continue to skyrocket you're not going to drink as much milk or eat as much meat. >> we don't have to worry about this. >> when i saw this segment i thought you were kidding. this is totally insane. >> stop there for a second. your first understanding of what we were doing on this show was
1:47 am
courtesy of blurb on a blackberry. is this the degree to which you research for this show? what would explain everything. >> i see a story about merging the global footprint with healthy eating and i thought it was insane. >> then you read all about it. >> i think it's scary adam knows about this. >> that's what a guest should do. >> i do my research. >> thank you. >> the carbon content in a cannoli. >> if they put fortunato's bakery in brooklyn out of business, i will kill them. >> another good intention that will cost a lot of money because someone will be setting up a lot of rules, regulations, handbooks, calorie counts and carbon counts. >> it costs a lot of money. i don't think anybody wants the government telling them what they can or cannot eat or should
1:48 am
and should not eat. however, the more you rely on the government to help subsidize your health care and the fatter we get as a nation, you're asking for the government to do just that unless you fix it yourself. >> your comments would carry more weight if you were fatter. >> i'm telling you -- i work at this. it's a lot of work. why do you think i'm always angry because i'm underfed? >> i know the feeling. >> here's the bottom line. real quickly. this is going to happen. these agencies are combining like godzilla and rodin to make this work. this is a preview of coming attractions. >> freedom is our most important product. it's better to be fat and free than thin and unfree. >> gary, do you agree? >> completely 100% get these people out of my kitchen and my refrigerator. >> fat chance. when we come back, you see these teachers?
1:49 am
ask yourself what they really want for their kids, your kids. watch and learn. did any of you see this? that's my buddy deion. he's gotten so many appearances he's got an agent. washington is spying on us. we assigned a government computer to spy on them.
1:50 am
what does everything mean to you? with the quicksilver cash back card from capital one, it means unlimited 1.5% cash back on everything you purchase, every day. it doesn't mean, "everything.. as long as you buy it at theas station." it doesn't mean, "everything... unl you hit your cash back limit." it means earn 1.5% cash back on every purchase, every place, every occasion, all over creation. that's what everything should mean. so consider... what's in your wallet?
1:51 am
1:52 am
1:53 am
we were able to get our hands on one of their computers. dion who also fashions himself a tech expert has one. he's taken it apart now, and he'll decide what's in there. i hope this is all legal. >> what do you know, we hacked into a government computer. big changes are coming the nsa's way. it won't be tracking your calling, now hacking china computers. ben stein, on the righpage going after the guys they should be. what do you make of that? >> absolutely. china is the number one hacking power. let's get back at them, let's not get caught flat footed like with russia and crimea. >> if anybody is hacking us, hack back twice. my worry all of this talk they are going to stop spying on us, i don't think that's going to happen. we only know what they want us to know at this point. >> i wondered if that leaked out
1:54 am
this week for a reason. all of the outrage. spying on the chinese. okay. >> we should spy on them. cyber attacks are the greatest threat to our national security according to a poll of defense officials. spy away. makes me happy. >> defense officials fear cyber? >> yes. the biggest fear. national security. >> i love spies. that's kind of like my -- >> you are really useless on this show. you offered nothing. >> spy away. by the way, snowden has nothing on dion. >> he does not. he does not. you know, when you look at all of this, the fact of the matter is that the nsa still does what it does and still hits a lot of people. so i think we could take so lis in knowing that there is still going after bad guys who corrupt us guys. as far as i know they are including us with hem. is that a good or bad thing? >> i think it's a good thing, of course there is privacy concerns but they always were looking for
1:55 am
the bad guys and looking for non-american bad guys including when they were looking at us. >> they found them via 30 million regular american phone records. >> yes. >> so that's what makes this a specious argument. >> it's crazy. i think we should be -- listen. to be honest i think we should spy on ourselves. there is a lot of home grown terrorists. >> time for you to go. >> i agree with him. >> time for you to go. >> i'm for spying. >> that dr. evil sequence. >> i'm for stein. well no wonder, fine. thank you both very much. up next, -- >> that wasn't just reaction to their leaving. investors in shock despite the run-up, have no fear our pros are here. ñ@ç@çpçpçpç÷ñoxmhmh
1:56 am
1:57 am
1:58 am
latte or au lait? sunny or bubbly? cozy or cool? "meow" or "woof"? wheels or wheeeels? everything exactly the way you want it ...until boom, it's bedtime. your mattress isn't bliss: it's a battleground of thwarted desire. enter the all-new sleep number classic series. designed to let couples sleep together in individualized comfort. starting at just $699.99 for a queen mattress. he's the softy: his sleep number setting is 35. you're the rock: your setting is 60. that works. he's the night owl. his side's up while you're in dreamland. you're the early bird. up and at 'em. no problem, because you're in it together... keeping the love alive. and by the way - snoring? sleep number's even got an adjustment for that. crazy? only if sleeping peacefully with your soulmate is crazy.
1:59 am
find your sleep number setting only at one of our 425 stores nationwide. you can afford a sleep number bed, you can't afford another mediocre night's sleep. know better sleep with sleep number. what have you got? >> simply put american express strong and consistent, acting well in a tough market. >> adam? >> well, it's a good company, done well. d be concerned about something so focused on consumer spending. >> what are you doing? >> van guard emerging markets index. vwoetf. a good place to invest over a long period. >> ben, what are you doing these days? >> spy, simple and it works.
2:00 am
>> what is simple about it? >> what's simple is you're buying the market, and hardly any one can outperform the market. buy it hold it. >> that will do it. i had the potential to be great. but no one help immediate to identify that. i was not letting that happen to my kids. public schools try to provide a high quality education in our community. >> i have a daughter that attends and there is no limit for her now. i voted for de blasio. >> parents fighting back against the push to close charter schools, not just in new york city. it's happening all over the country. teachers unions are behind the push funneling millions of dollars to organizations and compliant politicians, demanding that the independent charter school be shut down. but if these folks get their way will the unions be cutting out the only real option for change
2:01 am
that these kids have? hi everybody. welcome to "forbes on fox." let's go in focus with steve forbes. rich and elizabeth, bruce jackson, rick unger and john. so steve, this is the only hope a lot of these kids have. >> absolutely, david. that's why parents are so adaamant about it. they want them to have a ticket for the future. i'm here in chicago, out here the mayor is in favor, rahm emanuel, so kids in chicago, 13% than in new york which is 6 or 7%. out here the mayor knows they are a ticket to the future. he is a great fan of them. so the more charter schools the better. and at least one mayor out here gets it even if de blasio in new york does not. >> bruce, the reason, let's be clear about it, the reasons that the unions hate these schools is because they don't have to hire union teachers. >> well, that's part of it.
2:02 am
i'm out in denver for health care conference, but one of the things going on in chicago where i live is that they closed 50 schools and the mayor does get some credit for opening charter schools, but he's only opened a handful and the unions in a lot of people, the taxpayers are asking questions saying you know, who is owning these schools? are you just doing it for cheaper labor? so the unions are right to ask some questions here about the motives on why the charter schools are being opened in the first place. and also who is owning them? are they -- who is owning these schools? >> they are public schools owned by taxpayers, the fact is there's a lot of questions who is behind the anti-charter school movement. and in fact we know who is behind it in some cases. remember acorn, they are back. acorn with a new name called the new york communities for change, is one of those organizations getting a lot of money, millions of dollars from teacher unions to fight the charter schools.
2:03 am
>> acorn has been accused of all kinds of activities. >> they get a 501 c 4 no problem. >> full disclosure my niece works for a charter school. have i public teachers in my family too. sisters and grandmother in the public school system. who is backing them? people who want change. people who want taxpayers to stop being abused by public service sector unions like the teacher union who have no accountability. i'll tell you the teachers in my family had routinely said that the name of the game if you are a public school teacher is get your vacation days paid for if you don't take them. your holiday days paid for if you don't take them. it's about accountability. charter schools work, stanford university analyzed it. poor families love charter schools. even the poor families saying if the charter school shuts down we don't want our kids in unsafe public schools.
2:04 am
>> that's the point is that the poor folks that take advantage of charter schools often have no choice. this is the only choice they have for good education. >> this is a very hard one for me to argue against because i'm a very big fan of the charter schools, i'm going to acknowledge that. so maybe i can inform instead. what you've got going on here is a battle within the democratic another. you've got the teachers unions terrified they are going to lose membership and people like the president and the secretary of education arnie duncan who very much support charter schools and to speak to bruce's point i have to say, i don't care who is running them. some are for profit. the bottom line is when you look at the performance numbers the charter schools, the kids are doing better. >> and rich, the fact is the parents want them. who should be in charge of kids' education? the teachers union or the parents? i think it's the parents and so do they. >> well, the parents overwhelmingly want them. i'm so glad that rick pointed out this physicalure in the
2:05 am
democratic party. you have people on the right side of this like rahm emanuel, governor cuomo in new york and then you have people like de blasio and part of the reason his polls are plummeting he is on the wrong side of this. how could you be against parents wanting their kids to get out of the cycle of poverty by getting a real education. >> and john, we should mention by the way, we mentioned there is this connection with the old acorn people, and the teachers union, the teachers union funding acorn, acorn putting de blasio in office. and remember, president obama was very close to acorn. it was his administration funneling money towards them. >> yeah, i mean, i may not like it, i can see why teachers are defending their turf. how ever wrong it may be. my only problem with this discussion is that too often all of the criticism is on teachers and teachers unions, and not nearly enough on disinterested parents and kids who show up to school not caring about what
2:06 am
they are going to learn. i don't care what teachers you get, i don't care about the reforms, if kids don't care when they show up, schools will perform poorly. >> the point, the point is that the parents who put their kids in charter school care tremendously. they have to go out in the street and fight for the right to put their kids in charter schools, that does show caring. right? >> yeah. it certainly does. >> hold on. >> steve, go ahead. >> it does indeed. here in chicago there is a waiting line to get in these schools and the legislature springfield is fighting to try to stop the charters the mayor did close 54 performing schools because they weren't working. he's not going to have kids go to school that is going to trash their future. he would love more. i visited one of them and they have done the noble schools, done a fantastic job in the high school level. and then the record is clear. they perform. and parents more and more parents want their kids to go to
2:07 am
these because this is the ticket for the future. >> bruce, shouldn't the parents be in charge? >> well, i certainly i think the parents are getting in charge. in chicago and other places it's not the process is not working well in the sense that if you are closing 50 schools at once and had a load of kids that had to go to different schools, they are certainly not putting a charter school back in all of these neighborhoods and also you know, how do people get in? chicago public school system has a load of issues, full disclosure my daughter doesn't go to a public school. but you don't know what you're going to get. >> wait a second. come on. >> the lottery to get in. >> bruce -- >> you cannot go to the school in your neighborhood. >> bruce, you are overstating, and i think erroneously, i think you're terrific, smart, but when i talk to people in the charter schools and in public schools it's on a lottery system. and steve's right. parents are lining up to win the
2:08 am
winning number to get their kid in the charter school. it's only one out of ten schools are in these charter schools. why not expand. you're talking negatively. i say grow the charter schools. >> let's talk more positive and rick, this gets to your point about the battle in the democratic party between those who favor and don't chararter schools. there was a huge win for charter schools this week on thursday night the governor of the state of new york, democrat -- almost said mario cuomo, his son andy cuomo the governor gave the charter schools -- it cass a kick in the pants to bill de blasio. >> it was. yes. and let's hear it for our governor, our democratic governor for doing it. he was right. i want to, i think hell's freezing over. i'm going to second something that john said. he pointed out that if a student doesn't arrive at school ready to learn, and that falls to the parents, they won't learn. charter schools are doing a
2:09 am
better job. steve -- >> complete me get back to this. there was a movie called won't back down out of hollywood, a pro charter school movie. but it did have a big hollywood cast. it shows that you can fight and you can win. this is based on a true story. that's what's happened in new york. >> that's right. and i think de blasio is going to be defeated on this. one of the things, too, in terms educating kids if they don't go to a school that has the right environment and we talked to some of these kids, contrast what they had before and in some of these charter schools, day and night. it changed them. so you got to have the right environment and kids change, it brings in parents in a way they had not been before. so has a real good ripple effect. >> last word from the boss. thanks, gang. remember this? >> for the 375,000 people who visited the site by noon today i think that they didn't need an advertising campaign to visit. >> so obamacare sells itself,
2:10 am
right? then maybe somebody should return the $700 million that they are going to spend to sell it. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim.
2:11 am
we're raising the bar on flying and tomorrow we will up it yet again.
2:12 am
2:13 am
i ke prilosec otc each morni for my frzero heartburn.n. becat wohoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. on fox" for all of your headlines log on to so, the deadline may be delayed again but the obamacare ad blitz is on despite the white house once saying this. >> for the 375,000 people who visited the site by noon today, i think that they didn't need an advertising campaign to visit. our focus is on not trying to
2:14 am
advertise and get more americans to do that because we're seeing the americans show up already with demonstrated interest. >> guess what, they are advertising now and it's reportedly costing you the taxpayers $17 million a month. when you add up everything the administration and the states are doing to promote the law the price tag, nearly $700 million. and rich, you say not a dime more to promote it. sort of paraphrasing the president. >> well yes. the key word is taxpayers. it's us, it's we the people that are funding this. and if obamacare is such a big win, it should attract people on its own. certainly had a lot of publicity. there is another thing that is troubling t way that president obama degrades the office of the president when he goes on comedy shows and things like this to promote. we're paying for it in two ways. >> nothing degrades the presidency in this administration as much as making promises they can't fulfill. >> rich, you sound like an old
2:15 am
togethery. just because you don't watch the shows he's going on believe me, it doesn't degrade the presidency. look, there are any number of huge products out there that you never would have known about if they had not advertised. so to say that if it's so great why do you have to advertise. is silly. also, let's keep in mind that $700 million is -- sorry, million, is over a period of years. with the states themselves will spend on promoting. >> forgive me for being kind of a hick but i think $700 million is real money, don't you? >> it is real money. rick might quibble with the number, this is not administration known for coming in under budget. this is a problem when government gets into business and commercial industry. there are advertising fees, there are also legal fees, all sorts of things that go in running a business. the problem is they don't have money of their own so they take it from the taxpayers. and i don't have retribution. if i get a product that i don't like or i think there has been
2:16 am
false advertising in the private marketplace i can go to the better business bureau, i can have a claim against the company. i don't have that power with the government. >> and bruce, to the easy to spend other people's money. if you want to -- if you get that much money from the taxpayer, you can sell ice to eskimos, right? >> apparently not. >> on this money being spent, think of it as a return on your investment. people are going to get a physician, get outpatient care, stay out of the expense of hospitals. this is not a new thing when the republicans were creating health care entitlements in massachusetts with romney care and the bush medicare drug benefit they did this as well. the government spent money to get seniors signed up for the drug benefits. and that has been a wonderful program for seniors. >> it wasn't anywhere close, mike, let's face it. it wasn't close to what we're seeing. this is a national plan that is the involving so many billions
2:17 am
of dollars. by the way, the costs continue to go up. remember, the first it was going to be what, $900 billion. now the cbo says it's $1.8 trillion. it's doubled the estimate of how much this is going to cost. >> obamacare should be scrapped. limits choice, and its costs are much more than before. so it's raising costs and limiting choice. we should not have this legislation at all. it's absolutely horrendous. >> and steve, i mean, is there any amount of lipstick that will cover this pig? the fact it's $700 million is a lot of money but i'm wondering if all of the faults of obamacare will percent veer and do more to damage the product than the advertising to help it. >> yeah, david, it's worse than butting lipstick on the pig. this is trying to make the pig miss america. it's not going to work. the fact of the matter is it's a rotten product, dysfunctional and cheating young people. they can get good insurance in a
2:18 am
free market far cheaper. we need effective safety nets instead of a government run junk system. >> rick. >> i got to say it. you know, while i'm sick and tired of the politics from my side and yours, on all of this, five years from today you're going to see that this bill, this law changed things to the better and that whatever we're spending and marketing it will have again the great thing. sabrina, i got to say to you, i'll agree that this administration can go over budget. can you point out any administration that hasn't? >> that's a problem with government, though. look, this is -- we're not calculating what it's costing to the private marketplace. my husband has his own business, he has a small advertising budget. and more of our money is going to the government so they can run their business. it's an issue of fairness. >> rich, it's not pundits like us or advertisers that's going to make the deal. it's people whose lives like sabrina's husband's business are put on the line because of this.
2:19 am
>> yeah, and paralyzing the whole economy. i agree that five years from now things will be better. it's because obamacare is going to blow up and pave the way for a free market system. probably a good thing. >> creative destruction. coming up next, homeowners beware. a new epa proposal may give government regulators the power to grab your land. >> this land is your land this land is my land ♪ ♪ from california to the new york highland ♪
2:20 am
2:21 am
2:22 am
2:23 am
the epa making themselves at home in your home. the agency proposing a new rule to save wetlands. some call it one of the biggest government land grabs in history. john, you say this is more reason we should abolish the e p, a. >> we should abolish the epa precisely because we want to help the environment. the epa is a barrier to economic growth, yet economic growth has been proven time after time is the best way to fix the environment so. abolish it and help it. >> rick, abolish the epa? >> i don't think so. i got to tell you, this is so dramatic i actually sat down and read the regulation that is being proposed. fascinating reading. look. you guys are overstating this. there has to absignificant nexus between whatever would be on the private land feeding into the
2:24 am
public waters. the chances of that happening with your swimming pool or your pond are virtually none. >> you know, it's not just us. david vitters, senator -- in fact it is a big land grab. it's true tepa often goes beyond, it even requires dairy farmers to prepare themselves for what is it called, milk catastrophes. >> i like how they send s.w.a.t. teams into milk farms. if i crack a rotten egg is it going to show up. kidding. i kind of agree with rick unger, this is clearing up rules about water pollution. i don't want big corporations polluting the streams and rivers. >> mike, these are the -- the epa has such power. these are the geniuses that promoted that guy john beale who turned out to be a fake and he's now serving time in prison. he was a big shot at the epa.
2:25 am
>> what this regulation is about the supreme court has overturned over the past several years, two big rulings by the sixth circuit court. the court wanted to rule that waterways didn't have to be navigatable. the supreme court said no, you're wrong. this is about expanding that so the epa has more power. >> should we abolish it? >> we should, david. and the agricultural department in fact is trying to get the head of the epa to pay visits to farms which she is finally starting to talk to farmers and recognize irrigation ditch is not the mississippi river. the fact of the matter is we have wetland regulations, which have been abused against property owners by the army corps of engineers. property rights over government rights. >> five seconds quickly. >> this is a problem of process, democrats fail to get any meaningful environmental legislation through so they push it through the epa, the clean air act, it happens time and again. >> good stuff. thank you very much.
2:26 am
from big name companies to just released prisoners, why they may be proving america's officially in an entitlement nation. first, after the hype, the crush, the maker of candy crush going public but the stock went sour. the hot names
2:27 am
2:28 am
2:29 am
you have a basket of crush stuff. >> wall street analysts like this health etf.
2:30 am
>> you like it? >> ithink taking advantage of gm. >> worried about the balance sheet. >> wonderful stuff. that's it. have a great weekend. here comes eric bolling and "cashin' in." the united states of america or the united states of entitlement from her -- >> everybody in cleveland got obama phone. >> to him. >> tax dollars. >> to them. prisoners getting free phones from the feds on your dime and it doesn't stop there. big corporations now depending on food stamps for the bottom line. we report, you decide. plus, it's obamacare versus is the free market and our liberty hangs in the balance. the supreme court slamming the gavel on companies opposed to obamacare for religious reasons suggesting they stop whine and start paying up if they don't like it.
2:31 am
throw the report teaming up with unions into college sports watching the big game may never be the same. "cashin' in" spreading the truth starts right now. hi everyone. i'm eric bolling. welcome to "cashin' in." our crew wayne rogers, jonathan honoring, michelle fields and juan williams welcome. we're living in a country where more and more are riding in the cart and fewer pulling the thing. here are the number even john stewart can't distort. in five years the federal government will hand out $14 trillion of your money at the same time nearly half of all americans pay no, no, federal income tax at all. america was once filled with proud workers and businesses eager to hire them, becoming a nation of freeloaders looking to get paid without getting off the couch. as cato pointed out in 35 states it pays more to get to the
2:32 am
unemployment office than to the job site. the united states of america is mor foing into the united states of entitlement. some big corporations rely on food stamps and the government announced plans to give prisoners free cell phones. where are we headed when food stamps and obama phone ladies are rubbing elboss are for milk. >> the entitlement state continues to roll. welfare entitlements are wrong whether it's businesses or individuals it's wrong. it's wrong to take money from one group and give it to another. and it doesn't help those groups either whether it's the welfare recipients or the supposedly business beneficiaries. think about all of the, quote, beneficiaries of the government induced housing boom or the ethanol boom. government in the economy has a bad result and that's the way
2:33 am
allof this welfare, all of this entitlement nation needs to reverse course and fast. >> some of the spending t medicare and social security, you're talking about around 55 or 60% of all spending that the u.s. does going to these welfare programs. >> and it's going to grow, by the way. >> yeah. the government is basically changing the very fabric of our society. we're now everyone expects a handout. we have over 46 million people on food stamps. that program has more than doubled in the past five years. and now we're giving cell phones and bus passes to over 30,000 inmates? why not fix the economy so that americans can i don't know, pay for their own food and businesses to make a profit without having to rely on corporate welfare. i mean it's common sense. >> juan, let's be fair and balanced about this. a couple of companies announced they were -- their bottom lines affected by food stamps. for me that's concerning but what about you? where are you on that one? >> well, i think that you hear from walmart this time for the
2:34 am
first time saying gee, you know what, in an s.e.c. filing our bottom line is affected because of cuts in food stamps. it tells you that this affects the entire american economy. i should say yesterday, friday, you had the increase in food stamps expire because we're now doing better, you see the housing market coming back, the job market coming back. unemploymentso why are we punisr and -- >> juan -- don't you see that this is a transfer of wealth? you're taking money from hard working taxpayers, and where does it end up going? ultimately ends up in the hands of big businesses like walmart. you think that's okay? i thought this administration was against big business. >> it wasn't just walmart. so businesses are being affected by the handout. they are also in line at mothers entitlement milk as well. wayne, the sen krus bureau, 151 million americans got aid from
2:35 am
at least one federal program in 2011. that's almost half the country. >> it's scary, eric. this is a model for a fascist economy. i don't mean politically. economically. fascism is where the big government, big labor, and big business are all combined together to control the economy and that's what's going on. the government is effectively bribed big business to do this. you mentioned walmart. out of 80 billion, 18 billion was walmart. now i'm not just picking on walmart. you're right it's all of these. and they are being -- they are being bribed by the federal government to be hand in glove with the feds to do this. i don't know any way you can stop that when you've got big business on the same side as the federal government. >> that's why we brought it to this show. we are free market, we're libertarian. we don't like it when corporations do the same darn
2:36 am
thing that we're calling out this surfer dude or you know, or the obama phone lady, we call them out. we call everyone out equally. play the sound bite of nancy pelosi talking about what the benefits of food stamps and unemployment insurance are. listen. >> it's the biggest bang for the buck when you do food stamps and unemployment insurance. >> so john, biggest bang for the buck or how about getting a job? how about working? how about -- look at this steelworker on a girder, risking his life but he's making a contribution to the economy, to life, to society or just a hand-out from the entitlement class. >> what nancy pelosi doesn't understand no one benefits when people's rights are violated. now with the philosophy is that any need is the standard of value. so whether it's poor people, whether it's ethanol, whether it's green energy, whether it's steelworkers everyone has a right to your money. that is profoundly unamerican, it's profoundly wrong and
2:37 am
government needs to get out of the business of choosing who has a right to your life, read your money. it's to protect rights, not violate them which is what the entitlement state is. >> look at the other picture. a kid on a couch, his head phones on. and he's probably going to pick up a check. maybe not this guy specifically but guys like him. is going to pick up a check at the unemployment office. cato pointed out 35 states, better off financially to take welfare than to go to work. >> yes. so what's the incentive to get americans -- americans don't feel like there is incentive to work. it's better. it's a better deal to sit at home and collect the check than look for a job. you make more money living off of the government. what kind of society is this and what kind of society are we showing the next generation, the younger generation. >> juan, we spent trillions upon trillions of dollars in assistance programs, and we know
2:38 am
this, you and i talked about this quite a bit. poverty is at a 30-year high. the poverty rate a 30-year high in spite of all of the money we're spending. you're a smart guy. what does that tell you to do? >> wait a minute. are you forgetting we had a recession? the things have been tough around here? and you know i can't believe that you guys go on supposedly smart compassionate conservatives go on as if americans don't want to work. people want jobs. people would love to get off the couch and go to work. and i don't know where you're talking about that crazy number about it's better to stay at home an get a job. people witness want to work. >> people are staying on unemployment longer and longerment you know when they get the job about a week after the unemployment benefits run out. they find that's the most aggressive that people are in the job search. after the benefits run out. >>ecause they are desperate. so you guys want to give up america as a place that has the social safety net for our senior, our disabled and
2:39 am
children. >> no. no. >> wait. let me bring wayne in. is america supposed to be a safety net or is a free market capitalist group country where people come, they risk, they work and they earn. >> well, i think eric, historically, that's true. and in other words all you got to do is be a student of history and realize when we have a strong economy, everybody benefits. when you have a weak economy the opposite happens. i want to come back to something because i'm going to read you something that jeffrey immelt, the chairman of the board of general electric, wrote in his report to shareholders in 2008. he said the following. the interaction between government and business will change forever in a reset economy the government will be a regulator, an industry policy champion, a financier and a key partner. boy if that's not a definition for fascist economy i don't know
2:40 am
what is. >> that is a socialist country. jeffrey immelt hasn't really -- let's leave it there. we're going to move on. you can continue the conversation right now on twitter #cashed in. let's make it 10 and get your voice heard. the underscore warning rights a nation's real power is economic power and the more government interferes in the economy the weaker america becomes. #"cashin' in." obama is bruptding our country with his spending trying to save his face. #"cashin' in." it's the obamacare war on business. should companies be forced to cover contraception if it goes against religious beliefs? we report, now the court
2:41 am
2:42 am
2:43 am
2:44 am
objection, to obamacare. supreme court judges deciding if companies should be forced to provide health care even if parts of the coverage like birth control goes against their religious freedom. who knows what the final verdict will be but this may be a clue. during testimony this week justice sotomayor says they can drop coverage and pay the penalty. obamacare waging war on business and freedom too? >> well, what bothers me is when this administration has a problem with obamacare, they go ahead and change it like that.
2:45 am
when the american people have a problem with obamacare, there is no compromising. this administration is basically telling the american people either you go against your faith, you go against your belief by following obamacare, or you have to pay a penalty or a fine to the government. that is not okay. what kind of country are we now american families can't even open businesses without having to give up their religious freedom. that's not fair. >> juan, what about it. your union buddies got exemptions. nonprofits get exemptions. if you are a for profit business, uh-uh. at least not yet. >> well, that's exactly right. you have exemption for religious institutions, nonprofits, now you have people who are in business to make money they just try to defy the law, i don't understand this. do you think that we should make exemptions for anybody who claims i don't want to pay taxes because that's against my religion. should we have sharia law.
2:46 am
>> let's talk about what we're talking about. whether taxes are in your religion. we're talking about hobby lobby specifically who said you know what, iud and the mningfter pillre i eectbortnsn thr vw. sof afr cncepon iill kill le fes. th hava stng rigio pushck tth. thateemso behe dinin line nath. >>eri the oy rean th emplers e volv wh heth ce isecau of government. it goes back to world war ii price and wage controls, that created this messed up system and of course obamacare makes it worse by taking individual choice out of the matter completely. there is no suchs a t to c health care f. employees of hobby lobby don't like the compensation offered, they should find another job. but religious freedom is freedom and that's what is the under attack with obamacare and the rest of what this administration is doing. >> they could drop it, they can
2:47 am
give up health care coverage they wouldn't have to deal with this. >> they can't. they can't. they would get fined in the case of hobby lobby cost $24 million and then they have to go find health care for employees. >> let me bring you in here. >> they can afford it. >> wayne, congress shall maisch no law prohibiting the free exercise of religion. guess where that was, right here, first amendment, constitution. >> well, eric, the president has run all over the constitution, we know. that he changed the health care law about 28 times so far, maybe more. i don't remember. but it's gotten so bad. the fact of the matter is there are whole areas here that are very personal. i think not just religion, butily your morals, your politics, they are individual freedoms. it is not the government's business to get into any of those areas and tell you how to run your life.
2:48 am
the constitution was written by people who were terrified of the excesses of a central government on the people. and that's why the constitution was written. and that's what we have forgotten. >> employees have the right, the ability to choose what health care coverage they want, the type of health care decisions that they want. hobby lobby already provides the most popular forms of contraception. they are just opposed to a couple forms that are being available. and it's not as if they are preventing employees from being able to use that. hobby lobby just wants to be able to have their employees and the government respect their rights just as hobby lobby respects their employees' rights. >> we need to leave it there. we need to leave it there. sto sorry. ran out of time. the fight to unionize college athletes, will it destroy college football and the other sports as we
2:49 am
up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again.
2:50 am
2:51 am
2:52 am
>> potential game changer for college sports as we know it. the chicago arm of the national labor lelgss board ruling northwestern football player can unionize and qualify as employees. wayne, you are part owner of a pro team but unions an ballplayers good or bad? >> this is bad, eric. universities have got to make up their minds they are in the bifs educating students or in the business of making money. and the latter one is the wrong move. they allowed college football and sports to get to the point where the money is the deciding factor. the universities are not doing what they are supposed to be doing which is educati the kids.
2:53 am
>> michelle, one of the strangest parts of this case is guess who is helping the northwestern players? the united steelworkers. >> well, i think these athletes better be careful what they wish for. if they are deemed employees, they will then have to pay federal taxes, have to pay state taxes, pay union dues. i think they may realize they had a better deal getting a $75,000 a year scholarship untaxed than having to pay taxes. >> juan, i can see it. collective bargaining, guys on the field saying you know what, coach, it's hot. look at my contract here. it says i don't have to practice in 100-degree heat. come on. collective bargaining for college kids? >> oh, gee, you guys sound like you are back in the 70s and arguing about whether or not there should be rights for baseball players and football players. that's what happened there. let me say if you don't think that what's going on is a business you're fooling yourself. they raise billions of dollars flew the alumni, through the brand name of the school for the university. on the backs of these kids.
2:54 am
and half the time they don't even know how to read. >> let me get jonathan in here. >> what about the cheerleaders? they are a big part of that fan experience. maybe they should unionize too. what about student actors? maybe they should get a cut of box office receipts. >> bringing in billions -- they aren't bringing in billions. >> a lot of money. they are probably entitled too. the steelworkers must be so bored, after students. these are kids. >> that's the point. >> 50, $100,000 in scholarships. >> you have to be -- you have to be in the business of making money or educating kids. >> thank you to michelle and juan for joining us. coming up, you got to be kidding me, college kids getting a flunking grade when it comes to politics. why this could spell trouble.
2:55 am
>> can you nature one person in the u.s. senate? >> no. >> the senate? >> um. this is sad.
2:56 am
2:57 am
2:58 am
time for what do i need to know for next week. wayne, you are up first. >> i talked about being an investor as opposed to a trader. this is an example of this.
2:59 am
exxonmobil i've owned it for over 30 years. i think i started by buying five stairs of stock. i think it served me well. >> what about you, john? >> i'm an investor when i'm right and a trader when i'm wrong. but i'm looking at the gulf states. mes is an etf and exchange traded fund that invests in qatar and the united arab emirates and i'm looking at it. >> very good. thank you. thanks for joining us. before we go just before the break we showed you students who couldn't name a single u.s. senator, not a one. yet they had no problem naming a song from the movie "frozen." what we didn't show you they were students from the american university, a very, very good school and some of those students were political science majors no less. one final note, the american university is located smack dab in our nation's capital, washington, d.c. take a minute today, folks, teach your kids the basics of
3:00 am
how our free market capitalist republic works and tell them the names of both of your u.s. senators at the very least. i'll see you "on the fives." have a great weekend, everybody. hello and welcome to "across america," i'm jeff flock and where are we this week? we're on a ski lift. >> whoa! >> and a snowmobile. >> the snowmobile is back in a big way. >> we're driving down a frozen mountain and camped out on a frozen lake. notice anything here? we're looking at all things cold and hot. we are both sweating. look at this. we'll introduce you to the man who put his sweat into the relaunch of the twinkie. we'll explain why tea is becoming hotter than coffee. and if that hasn't


info Stream Only

Uploaded by TV Archive on