and so got set up a facebook account, shouldn't we just let our computers and smartphones rest in peace when that time comes? gerri: goodbye and have a good weekend yeah, i'll apologize to him later. good night from new york. neil: wrapping up this week, can you update me on what happened to us? welcome, everybody. i guess happy friday. i'm worried, very worried. i guess it hit me earlier this morning when i was watching a wrap up of the falling agency markets and the reporter said something that floored me. listen to this. >> well, it was the end of the week where the markets have been wishing and hoping that we were going to get some stimulus measures from somewhere. neil: she's right about that, but think about that. markets that used to bore government intervention are craving it and depressed because they are not getting it. that's weird and scary. it was scary because i was

brought up that private enterprise is just that, private. it thrives when government is out of the way, not the other way around. not now. lately, it's not been happening for yearings, not since we bailed out banks base of their own greed and stupidity, set the wheels in motion for who was predictably greece, and then there was cash for clunkers to ensure the wheels would be continued to be greece. the government stimulating its own stimulus. talk about screwed up. oddly, far from finding the big brotherrism revolting, it's wall street that's oddly rejoicing. betting on the next industry that will get rescued and then bind avoiding companies going it on their capitalistic own and selling. it's like we're on this stimulus fix. addicted to junk. wall street happily pimping the junk investing on who gets the

next junk, the next hit, the next fix. they don't get it from the government dealer, they don't deal, they don't budge. if the federal reserve does not rescue, traders sit on the wallets waiting. central banks don't keep feeding life support to countries who don't cut it. they keep cutting checks until they do. traders stop buys on the mere hint bankers might not. what's become of us? what's become of capitalism? we would sooner march for jobless benefits than find a job and miss mortgage payments to qualify for rescue? i want to know where are the rescues for the folks who don't do this? for the kids who don't walk away from their college debt? for all of those under water who refuse a life raft from the u.s. government. where's their thank you? the tip of the hat to those who have shown the way? more like a kick in the ass because the president says they

are showing up. turns outs, they are not productive and didn't build anything at all explaning why we took the work out of welfare to work. we don't admire work because we have an issue with success. all upside down. all crucial issues i want both parties to address. is this the way we want to go? is this the country we want to be? close to half paying in income taxes at all, and that's sad, and the top 1% pay 40% in taxes is not pain enough. that's nothing. not fair, not right, not us. it's weird. wall street profiting off of this, and we become not remotely what it was. why did the last capitalism roll over on this and play dead? only show signings of life when the government comes around to fill its filthy tin cup with rescues that need rescuing, bailts that themselves need bailing out. no bonder average investors hold

back. they are waiting for someone, anyone, to take this country back. a recent magazine says the rate we're going, it could be too late. peter, chuck, ridiculous. >> yeah, i mean, the way to think about stimulus is the logic that we are always given is that it is, you know, it's self-perpetuating like a cat chasing us own tail; right? if it doesn't work the first time -- well, the problem is there was not enough, but the problem, of course, with that is that it never works the first time, and this is a bipartisan problem if you remember. neil: absolutely. >> george bush passed $150 million at the end of his presidency, and mitt romney, at that time, said that a second stimulus was needed. we got it under president obama. you know, republicans, democrats, they are in this together. neil: you are right. that's imr this is a -- this is why it's a bipartisan rant. the rescues started with the republican administration. what worries me now is that wall

street plays off of the next rescue, the next central bank bailout whether here or abroad. the qe3, qe4. you know, it's as if this is the new drug, and if we don't get it, the once laissez-faire of ours has a huge hissy-fit. >> you brought up welfare form and changes to the policy that the obama administration has recently enacted that potentially weakens welfare's work requirements in the future, and i think that, you know, you can see a similar sort of thing happening on wall street where there is a culture of depend sigh that's been created, and that's what welfare reform in the 1990s was about. it was about replacing the culture of dependency, replacing, you know, this idea that people can srvive on the dull forever and keep taking more with the idea that temporary help is a good thing, but eventually, you need to get back to work.

neil: well, and we live in an age when i was a kid you had 12 weeks of benefits. now you can go up to 99. my point with this is not to be callous, but step back and say this is the nation we want to be where half pay taxes, and that's fine, and go after the few who pay the taxes, and saying they are not paying enough? that's not fine. it is weird. it's counterproductive. wall street to bet on those industries and those technologies that are going to get the backing of the government or they don't back it at all, that's scary. >> well, you know, the old saying is when all you have is a hammer, the only tool you have is a hammer, everything looks like a nail. in washington, the tool that we have is government policy. the tool that legislators have, and that's what they use. the thing is, that idea seems to be spreading out into the markets, and private actors seem to be picking up that idea and seeing everything through the

lens of government policy. neil: i think it's psychological now too. not only the rich invest, but we called into question now those who are en route to becoming successful and those who are successful, that they did it through nefarious means because we all had access to the same roads and bridges, and yet, why did this particular guy do something more with that than someone else did? in other words, calling into question those who achieved the american dream. it is a nightmare. >> it is. it is an assumption that if someone is successful, it could only have happened legitimately if the government was involved and the government did it for them. neil: well, all i know is we all had the same infrastructure, the same roads and bridges. somehow steve jobs did more with that infrastructure than i did with my infrastructure. he did his in a garage so he didn't need the infrastructure which is entertaining. look, the point is that that is

what's luring. we'll see. peter, thank you very much. >> thanks for having me. neil: all right. i'm not done ranting, by the way. an economy having an otherwise down day, president obama is even with mitt romney in the polls. the reason for that -- you might not like it. then, why even folks who like unions say this is the time that they've gone too far. i'm talking way too far. next, issac moving west, tampa off the hook, but guess who is not? you. ♪

neil: british invasion is back, but other than the fab four, one yoko ono is leading the way. she brokered the beetles, but she's getting the survivors back together. rather than rocking, they could

send gas prices rocketing higher. wait until you hear. issac is possibly rocking the golf. republicans could catch a barak. oil companies are not taking any chances evacuating platforms in the gulf of mexico. weatherbell.com, meteorologist joe tracking the storm. no matr where it goes, this is a region that's volatile anyway. do oil guys have reason to worry? do we have reason to worry about oil? >> it's a pick your poisen storm here because on sunday, it comes to a fork in the road where it has to decide go straight north over florida or back towards the gulf areas. we don't want to write off that option. the scary thing about the gulf option is bringing an intensifying storm through the florida keys into the northern, central gulf of mexico means it's a double whammy. hit the keys, south florida, and then you have all of that warm water, and this thing would go to a category three, four, or

five. neil: you don't envision that? >> if this takes the western track, to me, there's nothing that would be in the way of stopping this. now -- neil: why? >> here's the thing. the thing put out in the weather bell forecast earlier this year was the central atlantic would be almost dormant. you saw what happened with joyce, fell apart. it would not intensify until in the caribbean. the area close to the united states, because of the overall weather pattern we're in this year, it's just loaded for development. remember those early season storms? all developed right near the coast? neil: right. >> the problem we have here is, and we may see it a couple more times, where something that looks innocuous explodes in the backyard. once this comes away from cuba sunday, that this is really going to start developing very, very quickly. now, if it just goes straight up into florida, it develops to a certain level, but if it's through the keys and central gulf of mexico, we're talking --

neil: like katrina; right? hit florida first, and then stopped worries about it, and it intensified. >> we didn't stop worrying about it. neil: all these people dismissing this, saying they are missing the point of what it could do -- >> what happens is, look, when a system is large like this, like a skater with his or her arms out, when they pull it in, right, you accelerate into the center. once this gathers energy, big picture of it all over the place, all of that energy comes into the center, focuses over warm water, and you see rapid feedback development syndrome going from a tropical storm, how so fast, a storm to a category two or three. in 1935, the great labor day hurricane, strongest on record in the united states area, went from a tropical storm to a category five in 36 hours.

andrew did it in a short period of time. cleo in 1964, which this reminds me of, a lot of you folks don't pay attention to these things, came from guantanamo, came from the florida straits, 120 winds hitting miami. that area is famous for intensification. folks in florida, if you watch this, sunday, folks in florida be concerned first, in south florida and then further west. neil: weather goes directly over you or not, the rain from the things alone can be pretty -- >> this is a multibillion storm to me. neil: what? i said irene was a $10 billion storm. it's a tropical storm, but -- neil: i think you're scaring people. >> no, it's a multibillion storm. remember the weather is everything. neil: your colleagues say it's not. >> economics, okay. suppose you have -- neil: where do you get the

multibillion from. i think you made that up. >> look at category two hurricane hitting south florida -- neil: assuming it gets there. >> the economic repercussions cleaning up after the disorm. the resort industry, okay, labor day weekend is coming up, and rather than basks in the sun getting everything going, what happens? now, you got to understand, neil, that is the mid range between nothing and what happens in you get the storm going in the central gulf as a category four or five. the mid range of this given the parameters that i think this is going to be a category two, three hurricane by sunday afternoon, that's where it is. neil: we told you he was different, doesn't follow the crowd. >> listen, if i've been watching something for ten days and have an idea on it -- neil: don't yell at me. >> i want to bring chocolate and roses here because i know sometimes i get too -- neil: prime rib and fries. >> i get too excited.

when your name ends in a vowel, you never throw in the towel. neil: he's the best. we're going to be watching this storm along with joe closely tomorrow morning. it's coming to you at 10 a.m. to noon on both fox and fox business. live in the republican convention starting at 8 p.m. on fox business right through 11, maybe midnight, however long. here's why you should be for drilling. yoko ono is not. forget shut up and sing. how about just shutting up period? then, to california where unions are battling bankers, why for all of us to win, they both need no lose. we're going to

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neil: in the fox financial flash, more wind jobs getting blown away. wind turbine maker is kitting 1400 workers worldwide, and the cuts are expected to be in the u.s.. those folks could have a lot of problem finding another job because 56% of people laid off between 2009 and 2011 have found new jobs. pregnant women should apply to google. the high-tech giant is lengthening the maternity lead to five months, and the new moms reportedly get full pay. they are trying to retain women as a high percentage leave after giving birth. bankers saying they are getting stocked by stockton. a california city going bust, and now bondholders say union pensions get paid off, and they're getting stuck with the bill. going to court to get the money back. they say it looks like unions win on this one. why, rick? >> it is a really remarkable situation. not surprising the bankers are

unhappy with the preferences in bankruptcy, bondholders do better. they have problems too. the special bond holders get money. guess what we found out? in the state of california, there is a law that protects city employees from losing their pensions. neil: they moved to the front of the line over bond holders? >> they don't even have to get in line. it's extraordinary. you don't find this in every state, but california has this loss. not surprisingly, they are being quiet in this saying court should do what it's going to do, we'll go with it. we want to be cooperative. of course they do. there's interesting questions here. neil: can a judge overrule serlgly that? >> well, you're right on the point. it's in federal bankruptcy court, there's no such protections in federal law. the protection is granted by statute and to some degree by the constitution of the state of california. who is going to win? we'll have a battle royal over this. neil: what do you think of --

these bankrupt cities, municipalities, states, comes back to the mayors, the governors, the city officials asking the unions to give something back. >> right. neil: the unions feel they are customer, and taxpayers feel the unions get away with holy murder. who is right? >> you know, i don't know if there is anybody who is right. the unions have contracts. in this country, we like to honor contracts. we can all talk about whether they should have been what they are. obviously, you got union support that goes into funding the people who they legislate. neil: the seals and all the others that went bankrupt regardless. >> absolutely right. there's an interesting difference. as you know, in a private company situation, the government is there as a backstop if your pension goes away. neil: on pennys on the dollar. same apply here? >> that's the question. at least in the state of

california, it's all guaranteed. not necessarily in every state, but in that state, and i know you're shocked california would do such a thing. neil: i know. i don't think it's a left or right issue. i think it's a wrong issue right now because it's getting worse, and i don't see the appetite on either side to really get a handle on this. or address this. they don't want to go too far for fear of ticking off voters, but is it the kind of thing that gets resolved or zeroed in on after the election? dependent on the election or what? >> let's face it. if we find bankers in court against the yiewn yous, as far as the public is concerned, lock the doors and blow the court up. nobody cares much about either of them. they are not the most empathetic people. neil: throw in television anchors with them. >> listen, you'll have a happy country. nobody really cares how this resolves, but that doesn't make it less -- neil: they care when it comes

back to them. >> exactly. who wins? who knows. neil: i thought you would. that's why we brought you on. >> i can't know everything, neil, that's your job. neil: rick, the best. yoko ono is tours. after hearing his wife, you are going to want to scream. ♪

♪ neil: yoko, you got to be joking. i'm not talking about your singing, i'm talking about this update new york gas drilling you're protesting. find me a muzzle for a lot of cluesless celebrities. i just prefer throttle because i

think we are looking at a very weird beatles reunion here, folks, but if any can sing now or make the most remote sense now. yoko ono going ringo star in a beatle battle with big oil or big gas, natural gas. part of a coalition of artists and celebrities urging the governor, andy cuomo, to ban fracking for natural gas in the state. now, in this case, hydraulic fracturing or fracking which essentially involves blasting millions of gal lores of water to release composites underneath. it's environmentally safe and sound for a good reason. save oxygen telling artists that because lady gaga, david burn, anne hat