lou: is vice president biden think that we are stupid enough to allowe bearhug with those bankers and voters without prior arrangement? good night from new york. neil: welcome, everybody, i am neil cavuto. i think they have it wrong. bill clinton wasn't the best president. nothing in this economy seems to be sticking with this. it shows that mr. obama is likely to hold onto his job, even a 10 thousands of americans are losing theirs. kodak just announcing that it is cutting 1000 more jobs. only days after intel and fedex lowered their forecast.

clearly, these guys are showing something. but the fact that none of them are showing up at the presidential polls is saying something as well. maybe the folks don't blame the president for this mess. they figured that who else could deal with this mess? why not mitt romney. who is leading the voters in his latest offensive. some parts of the health care law only reinforcing it. now he is just a flop. debates will likely get the voters to focus more. republicans seem battle states disappear. all of this is a worry. how can an economy so we been provided this president not so much of a dent. the candidate folks know that barack obama is well-liked, and they don't know mitt romney. and they are not exactly ready to switch to him. republican congressman on whether it is time for mitt romney to throw a fit. a lot of conservatives say he is

running out of time. get your mojo and fight back. what do you say? >> well, it doesn't matter. if the washington redskins win nine games, it doesn't matter who wins in november. robert griffin will be living in the white house. neil: that's a very good point. [laughter] [laughter] >> i do think that everybody talks about after the election -- they say, oh, we are the ones that should be credited for winning for president obama and governor romney. but i think there is the black vote, the white vote, the hispanic vote, the women spoke from a small business vote -- but i think there are two demographics you need to keep your eye on. on the right, it is the evangelical pro-life conservatives. they don't have the same confidence as 2008. on the right, the pro-life

catholics don't have the confidence that i think 60 days, 50 days from election that they need to have with their candidate. neil: they have been counted in these surveys and that romney's support might be stronger than it appears like i do think that the white working class don't prefer the president, they say, well, we will not tolerate this for another four years -- and the evangelicals turnout, the pro-life catholics are now, i think it could be big for governor romney but that remains to be seen. he has not sent the right signals to about 40% of his base. it gives them a confidence level to have and be really juiced up for the candidacy at this point. neither has the president done that on the left. what is left? the president says that i'm going to make governor romney unacceptable because i don't have a lot to run on. i'm just going to make him unacceptable and that is what you see that he has done. over the last couple of months.

neil: i tried to pull this when i was in school. to find a convenient excuse for my bad grades. i would tell them that i inherited these grades from my siblings because they were equally poor students. but it didn't matter. mike point is that i'm being facetious. in the face of this recovery the president pulled very well. it is a reminder of how effective he has been. you have to give him this. he is effective at shifting the debate away from whether he is a poor president to he is an amazing president considering all that is thrown at him. >> when you went home with your grades, you couldn't use the excuse the dog ate my report card. [laughter] neil: that doesn't work either.

>> neither can this president. i think it is an abysmal failure on what we see in the economy. he has not moved the needle in terms of jobs and so forth. but i do think, and you have said this on the talk shows. i have set it on the talking shows. i think people do want to like him. but are they willing to tolerate another four years of not seeing the needle moved and not see things getting any better. if you think that government is the solution for that government is the answer, it is not going to get any better. you have to create an environment for investment. you don't need more taxes. we need more taxpayers. as you have seen, with hewlett-packard and others that you have talked about on the show, they are laying off people. if you want them to higher or rehire employees, you can't do the same old thing that we have seen for the last four years. neil: well, that's a good point.

a guy that had a four-point oh in college. it is always good to see you, sir. >> thank you for having me on the one is mitt romney's problem not with swing voters but with tea partiers swimming away from health care comments? dan fell telling me earlier that the tea partiers have it wrong. >> do think the tea partiers hurting the party? >> i think that they are in the right way, but when they started going after mitt romney saying that he was flip-flopping, that he is not one of us when he said that pre-existing conditions office today, that is replacing the obamacare. neil: carlos gutierrez. i always think when poll numbers look bad, people say it's your fault, it's your fault. what do you think is going on? is there a rumble on the right? >> no, not at all.

the interesting thing is that mitt romney has always said that i'm going to repeal and i'm going to replace. that has always been his position. he talked about things he thought he could keep an things that would be replaced. so i don't know where this uproar comes from. it is like people are looking for these things that they can focus on. the electorate has been listening to things like he is going to raise taxes on the middle class and lower taxes. do you really believe that? he is going to destroy medicare. >> you think it is the scare tactics? two it is a convention bounce. neil: he knows a thing or two about numbers. i think people have gotten used allows numbers. i don't think that's a good thing, but we have anemic growth and we are grateful if we see one of three quarters of growth.

if you are used to crappy numbers coming come you are grateful if they are just slightly better. >> that is because this administration's expectations are so low. they get up and they can talk their way through a 96,000 month -- well, it's not bad, look at what we've done, and people start believing it. i think our expectations as a nation have been reducing. we are changing as a nation somebody said that we belong to the government. >> that is right. >> isn't it the other way around? they belong to us? neil: 51% of us are now getting something from the government. i'm not saying there is a percentage that can mention, i see that, but i do think that there are. >> the american people should

wise up to this that we should never pay taxes so that a public servant can do patronage work. neil: last week they said who is next? millard fillmore? may be the last two years -- then you just have to say, all right, enough is enough. >> by the way, the amount of misrepresentation, how do the american people know what is going on? medicare is being berated, which is against the regulations. it is being rated so that obamacare numbers can work.

the way they are justifying savings -- they are taking savings as well. they're saying they were not going to impact consumers of medical care. we will have lower quality hospitals, fewer people going into the medical profession. fewer drug innovations, fewer medical device animations. that is not what we want. neil: i talked to dan quayle earlier. we are not articulating it. you see the one side. republicans are not really stating clearly their proactive view of a society where government doesn't play a central role. >> we will get a chance, obviously, it is now.

president obama has the convention. neil: a historical reminder that we live in a moment after the convention. jimmy carter could say that. >> they didn't give governor romney a day to commit his balance. neil: we shall see. sir, it is always a pleasure. and i think you. neil: i have no problem. ford did not get a dime from taxpayers. it is growing fast. the gm rescue, well, it looks like that needs a rescue for a certain cost. still pumping out the bailout to the dnc and bloating up.

they are celebrating and we are helping. in chicago teachers are wanting to fill their wallets. your kids are in the way. are they breaking the law i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown.

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what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. >> the bottom line is that we actually want to make education better, we have to come together to solve problems and that is what my union is doing. focusing on quality and fairness. uniting parents and teachers together. neil: the head of the biggest teachers union saying that it is all about kids, but tell that to teachers in chicago today. just as the school year is kicking off, they are marching for themselves. judge napolitano is warning that if things get uglier, they could be marching right into a hot legal battle instead. your timing is everything.

>> white in the way till the first day of school to strike? obviously, they turn up the heat on parents and management. strikes by teachers in illinois are illegal. they are not illegal. they are lawful. i don't want to parse words because randi weingarten was answering a slew of questions. she didn't mention children in all, she does mention parents and teachers and management. people forget. this is all about children. when children are not in school, or when they are in school and not being taught properly, under one circumstances can the judge

help keep this under control? the teachers can take over for as long as they want under illinois law. my big issue is how we get to this and what is the political calculus behind us. neil: i think that rahm emanuel wants to show that the democrats can be tough with public unions. and know that those unions are going to go to mitt romney. it could be a net pickup. [talking over each other] >> i agree with you. >> i don't mean it that way. it's a sad state of affairs is. he is a very strong mayor. he has extraordinary powers.

he doesn't have to go to the city council to do things. neil: this has been coming down the pipe for months. >> it is hard for this to be on his watch for months. who will settle their children? he may either were the unions are punished the unions. and who were the taxpayers and trade unions to push the bills off until he is no longer mayor. but he's going to come off as the hero. it's off as the hero. it's hard to believe that this could've happened if he didn't want to. neil: and chris christie's address, he says, i am for teachers and not teacher unions. i thought that distinction. is that resonating here or now? >> i think you're going to get almost the opposite attitude from the city of chicago. we are for the unions. the kids can have a few extra days off. the parents can do with it. the social workers rather than the teacher mining a 20

classroom full of of kids. i suspected that his rahm emanuel emanuel's modus operandi. anyone see his fingerprints on the site because that would backfire in his face be one all right. neil: it is time to vote about the chevy volt. $60,000 on every vote on 10 chevy volt inmates. taxpayers are the real losers. even as the white house closes up aib, the bailout is going to hold. the capital one cash rewards card gives you a 50% annual bonus. and everyone likes 50% more [ russian accent ] rubles. eh, eheh, eh, eh. [ brooklyn accent ] 50% more simoleons. [ western accent ] 50% more sawbucks. ♪ [ maine accent ] 50% more clams. it's a lobster, either way. [ male annncer ] the capital one cash rewards card.

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neil: toys 'r' us in wanting a tablet computer aimed at

kids selling a $149. amazon is letting adults ditch the ads. it will cost $15 it will start shipping on friday. ford is adding 1200 workers have of factory and upgrading the blackrock plant. it will build the fusions a day and there. aig did need a bailout in the media loves it. $18 million of stock to make the government a minority owner. for the first time since the meltdown the ceo says the rescue would be a winner for taxpayer. >> the taxpayers would get back their money. they're already making a profit by the securities

sold by the federal reserve. there will be profits for the stock as well. neil: but money manager says even if it is a winner bailouts in general are a loser. >> the crux of the issued at a.g. was forcibly read bailed out not in a good financial condition. of bad credit score, unemployed but we gave them the same interest-rate as someone with perfect credit never missing a payment. it is about 4.5% interest. it is not good. if i'm going to spend billions of dollars i will not give the advantageous rate but it should have been

done in the first place. but that we gave them such day -- a good rate bothers me. giving millions of dollars that could not keep themselves in order. neil: i agree. they could do better the backstop throw the last few years was a cash source for the automakers left to their own device would not have happened. what worries me more is future bailouts and rescues. when we know it is a stacked deck. >> it is about the media. neil: use of the articles today.

they were brilliant and no strong thomas. >> it comes to months before the election. they say we have been made whole but don't forget the risk we committed hundreds of billions of dollars a.g. one-third of employees are overseas. obama's talks about jobs year but not in my opinion a productive way to spend taxpayer money. in my opinion it does open the door for future bailouts that don't perform. just like the chevy volt $47,000 in losses per car?

i don't to invest in that type of company. neil: you're not a fan of the chevy volt? >> it is not making money. neil: jarret, a think you. from the city that brought you sourdough bread we are the ones that are out a lot of bread. [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. you know what? we're spending too much money on eating out anyway. honey, come look at this. [ female announcer ] my money map from wells fargo is a free online tool that helps you track your spending. so instead of having to deal with a tight budget, you could have a tighter family.

♪ wells fargo. together we'll go far. so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verin. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter how you present it. verizon.

more 4g lte coverage than all other networks combined.

neil: have time. a lock box. stop me but more urtext their money is that going weren't should. the latest is san francisco with extra fees for health care for places like

restaurants is not making its way to it. 40% going somewhere but not to them. missile security lock box was not locked in did not have a box. tucked in with all the state and federal gas taxes still crumbling roads and bridges and demanding more money. talk about bridge to nowhere the sentences go money, state residents, our money. programs that never bring back here. count was rescue for underwater homeowners. good intentions and gone bad you would think we would know the road of poverty

with the government tries to pave it that we had enough of it. but we never learn. we stick to cash and burn. it fires on? >> thank you for having me. there are a couple different lessons. they force the restaurants to stop providing these plans like medicare. you cannot have this small health care plans all those waiting tables but you have to collect them and use them for health care. then the businesses say i have been collecting all this money.

so far we don't know if they will in the future but i guess i can stop passing on the cost because i spent 1% on health care cost. you realize the government's's involvement was unnecessary to begin with but is futile to seven mitt is not the first time money is earmarked not going to we're was intended. the money put into education, infrastructure, r oads and bridges should be covering america but that is not happening. >> right now trying to get casino gambling near the city but they were selling

with the idea money goes to education. that means we can take that money putting it to other things instead. neil: i did not think of that. the at such as security trust fund we have been doing this for years. you think we would learn our lesson. speaker after speaker of and for structure, sound investment, salt of the years, here is the virtuous story for a good is not going to those people are rhodes and bridges. >> no. with the president stimulus package very, very little

went to infrastructure. if i recall the upper estimate with the commerce you might talk about the range of $50 billion. but in fact, the number is much smaller roads and bridges. but it seems that is all we talk about something the government does less off -- less of more of a grandiose scheme. >> because then we have a heartwarming stories that is one small productive part it was about one out of 1,000 shots of a productive use to think a fraction of the money going to the intended

purpose. one hell of a price to pay. >> legislating to the one out of 1,000. you can provide for who has a pre-existing condition. there are better ways out there. but to interfere with their buddies consumption or insurance plan with the insurance mandate, you have to have the particular kind. to do that it seems it is the world turned upside down neil: thank you. our editor from washington. >> his crime from north

america. >> of the crisis that is a crisis for us.

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75% but once to explore his options. i don't think it is the chocolate. maybe they should take note if all the rich people of the beyer country who will pay for the government? dog forbid you cut the size of the government. with those who defend it to cut and run? men to the guy who says money talks. what do you make of this jonathan hoenig? >> great to be back. the prime movers, those who promote the capital not to mention the facebook founder better the been the high tax

areas to go to regulatory friendly past years. do you blame them? neil: not all. but the money never materialized making over 250,000. but country after country and city after city money by is the least resistance. >> any rational person would pay the least amount of taxes. it is government forces. even john kerry remember he went from the boat to another state? it was discovered he had to bring it up. >> but he just happened to

save half a million dollars in the process. but the attack unsuccessful people that we see in europe and in france is not like the 1930's. to avoid paying taxes. neil: this gets asinine the convention last week have to remember they have 75 percent tax rate. i thought he has room to go. >> there is such evidence doing the opposite is bipartisan. talk about ronald reagan but go back to jfk. cutting taxes on high-income

earners. we should give them a tax cut. from our money they keep the more wealth created at home. better than the founder of facebook and washington dc. neil: the worst local will do better than the best bureaucrat. >> wise words. neil: this small business owner bear hug being the president? it is the president squeezing the living daylights out of

a lot of companies kept doors open because of what we did through the small business administration. neil: does he have his own trumpet music in the background? he was calling in to a hip-hop station. but my next guest says his business is benefiting -- benefiting and would not who the president if he was the pizza owner. he may drop him. you do not buy this field loathsome business from the president? >> not at the level described. there are a lot of tax credits/incentives touted.

but it is since -- simple. if you let the small business owners in america keep more of their own money they will make investment investment, start businesses that employ the people. neil: will it be that simple? from said democratic convention in-- said they go back to low taxes/low regulation of the bush administration we would relive those times? >> sometimes it is better for governor mitt to step out of the way. neil: i am not kidding. that is brilliant. contiguous. >> the entreprenuership that

wake up at 5:00 in the morning and work seven-- per week. they will create the opportunity. look at these policies and the sba loan. if you eliminate those and will take the savings may be by a and additional bread machine. then i need to hire somebody to work it. take unemployment down thrive america to keep more money and make the appropriate investment to grow and start businesses. and will drive for the economy. neil: the argument i heard with the sba it lends money when banks and not needed helps people like you. thank god for the sba sba/administration supporting you.

is that true? >> it is crucial but if the sba is so important and small businesses to benefit from a shouldn't that be a greater focus from the politicians? neil: you make too much sense. but what do you most want to see at of government? regulations, taxes, do my own thing? >> anything the government does needs to be immediate and direct. to not provided tax credit to over a few years but having policies and incentives of place immediate and direct. neil: of the president is reelected, are you were a

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neil: since i got back from the convention people run up to me asking me how did you stay looking so handsome after-hours? that was not the question. how did you manage to get so many great guests? the power players? i could say my charm are my staff and refused to say no -- except no but i suspect we got the cream of the crop because we cultivated a reputation not excepting crap.

we practice what we preach. we are not read. we are not blue. convince me what you we're doing to save america. fair at. balance. they will come to me. i try not to be disagreeable or too much that is why we got richard trumka from the afl-cio and senator warner warner, an austin goolsbee never turn us down. on this show. we hear them out. of their comfortable enough to have about. not a diatribe a discussion. those who speak of democrats getting up backbone could not take the monday question from me. >> the backbone comment. lot of delegates say that it

did. >> a lot of delegates tell me that registered. do you think it did? >> i hope so. >> we bombed. people aren't generally always nice but this missive a string us along. a-share convictions and almost for the exchange republicans are the same way. although no sounding board but they is save us money needs to be proven. just like virginia governor or new jersey governor crist christie or senator john mccain or house majority leader eric cantor. john boehner would rather avoid me than answer a single question.

some are bipartisan but the great ones will take on any one. they have convictions versus those who good run away or not show what because they do not know the meaning of the word. not to think we don't have convictions. 11 years ago we did we showed it was in our consciousness -- consciousne ss reliving that day 11 years ago dick grasso and rudy guiliani reminded us within crisis can come great things even did midst of tragedy. both say we're not over and should not forget. with the anniversary, neither shall we. remembering what we should