john tomorrow and thursday. we'll see you then. melissa francis --. melissa: i'm melissa francis and here's what's money tonight. gone with the wind, the nation's biggest wind power group ex-peltz excelon in the ranks trashing wind subsidies. a ugly fight with tens of thousands of jobs hanging in the balance. we have details. engineering a jobs recovery. 600,000 manufacturing jobs waiting to be filled, many paying six figures but no one has the skills to do them. the ceo of the society manufacturing engineers is here with his bold plan to close the gap. call it i-stimulus. apple is rumored to unveil the new iphone tomorrow. it may achieve what congress

and the fed can't seem to do, which is kick-start the economy. we are crunching the numbers. even when they say it's not, it is always about money. melissa: all right the. take a look at the day's market headlines. wall street reversing yesterday's losses. optimism of a new round of stimulus from the fed. the dow briefly touched its highest intraday level since december of 2007. the blue-chips close up 69 points. moody's threatening to cut the country's aaa credit rating, promising to downgrade our debt if congress doesn't work out a significant deal next year. good luck with that. shares of burberry tanking. warning that quarterly profits will come in lights taking many investors by surprise. burberry blaming global

economic news for the problem. our top story, excelon corporation, a major producer of nuclear, natural gas and wind power is telling the government it wants wind energy tax credit gone. this production tax credit gives more than a billion dollars a year to the wind energy industry. that is a huge chunk of change. but now because of this, excelon has been kicked out of the american wind energy association. the real question is, why does excelon want the tax credit killed in the first place? that is what i'm wondering. we have the president of the american energy alliance and he agrees the tax credit should end. so let's get excelon's motivation out of the way here because obviously they produce wind energy but i think 55 or 52% of their energy comes from nuclear power. so they have a lot of other sources that perhaps they favor, right? is that their motivation you think? >> yeah, i think so. i think the they're right in making the case it is time for this production tax credit to end.

what it's become really is, just a boondoggle for the wind industry. we're talking about an industry getting this credit now for 20 years, okay. and now what's happening they're literally distorting the markets that they're in by negative pricing. in other words, they're paying for their energy to come onto the grid, and because they know that they can get the money back through the tax credit. and so what i think excelon and others are starting to figure out is, really they're gaming the system so they can profit from the taxpayer while the disthe to go the market in the process. melissa: are they gaming the system or clean energy advocates always make the case that this is how a new type of energy gets up and on its feet. it needs some sort of help along way until it reaches parity. how close is it to reaching parity at this point? you said it is been getting the subsidy for 20 years. that is correct. at what point does it come on par with something like natural gas?

>> look at the numbers. getting the tax credit for 20 years. now they have renewable energy mandates in 30 states. which means they have a guaranteed market share in 30 states and climbing and they have been getting generous grants from the 1603-b program, the famous solyndra stimulus program. at what point do you say to them, guys, instead of focusing energy on capitalizing on federal largess --. melissa: do you have the numbers? do you know how close they are to parity right now? how much longer it wou take? >> they're producing, they said under president obama, wind has doubled. under president bush it doubled also but as an energy source they're still less than 10% if you include solar as well, and that is a generous estimate. natural gas is way above that. coal of course is way above that in terms of electricity generation. this is a niche product. we're not saying it shouldn't exist in the marketplace but there is no way it will ever come to make up for the energy that is produced from coal, oil an natural gas.

melissa: no but you know clean energy advocates once again, i'm not counting myself among them, i'm trying to make the debate fair and balanced would say it is all about having a mixture of energy out there. that we want to have it in the mix, so you would support it for a while so that it could be part of the solution. is that a valid argument? >> well it is certainly valid argument if we're talking about the marketplace. that should be the arbiter of this. we shouldn't be engaging in this game of picking winners and losers. because i argue that it is actually hurting the wind industry. instead of spending all this time trying to figure out how to compete in the market, they're spending all the energy and all their time trying to get the federal subsidies. melissa: they're trying to figure out how to get money from taxpayers instead. meanwhile this american wind energy association that has 2400 members and advocates. it promotes wind energy around the country. they are mad as a hornet at excelon and thrown them out of the association. what does that mean? should excelon care? should they care about being

thrown out of the association? what do you get as a member of the association, besides, get a hotel discount with your card or something? what else is there? >> i can't speak for excelon but i think it is shortsighted on their part. it really shows the organization is about getting the federal bucks as opposed to positioninging wind in the best possible light. excelon produce as lot of wind. they're a major player in the industry. they support other things that we don't necessarily agree with them on, but in this case they're saying enough is enough. this policy, this tax credit is distorting the market. and by the way, it could potentially hurt down the road because if these companies make decisions to shut coal plants or nuclear plants, if we ever get this economy moving and god, i hope we do, then they may shut those down and may not be back for a time when we need them. melissa: maybe they want to drive the competition out. they can survive and make wind energy without the subsidy and others can't. it is interesting. maybe somebody from excelon

will come on the program and talk to us. tom, we appreciate it. >> you bet. melissa: with all the different kinds of energy we invest in and rely on what is the answer to the u.s.'s energy independence? some say it is shale and almost a done deal but my next guest says slow down. there's a lot that could still go wrong. john hofmeister, the former president of shell oil. welcome back to the show, john. we appreciate your time. you are listening to that last discussion. what do you think is excelon's motivation? you're an energy guy? >> i don't know. i really don't know. i haven't talked to anybody at excelon is couple years. it is a big decision to be thrown out of a association you've supported for a long time. melissa: yeah, really interesting. let's move on to shale which is what you're here to talk about. shale is one of these industries or fracking really, that has blossomed all on its own. i mean without these kind of subsidies that you're seeing happening in wind energy, shale and fracking made a lot of sense. we've seen it crop up everywhere but you think there are some potential

hurdles down the road like what? >> well the biggest hurdle of all, let me say to start with, i'm a big fan of shale. we should be investing seriously and continuously in shale formations. it will produce a whole lot of energy we otherwise wouldn't produce. so i'm not negative at all on the prospect of shale. melissa: right. >> but what i am concerned about people talk as though shale gas or shale oil will somehow save the nation and deliver energy independence as a nation. that's not going to happen. it is not going to happen because there is such a decline rate, that comes from the natural movement of the molecules of oil or the molecules of gas out of the reservoir in the first year, that you have to continuously drill new wells. in fact, if you start increasing the production from oil shale and become dependent upon it and face up to a 50% decline rate in the first year, which is much the case, then you have to drill ever more wells, to

not just grow but to keep, just to keep stable. just to keep where you were a year ago. and so the industry doesn't have the capacity as it is currently structured to continue at a rate of increases drilling, year after year after year, particularly facing the uncertainty that shale faces from the environmental protection agency. there is a study underway that nobody talks about because it's still under study, under a blackout and the epa is looking at the prospect of whether or not it should insert itself under the clean water act or the clean air act, to be part of the permitting process of shale projects on state or private lands. this would be new. melissa: a lot of people are worried about potential environmental damage because fracking and shale have goten way ahead of the epa. they weren't regulating it. there are a lot of complaints about that right now. so it is realistic to think they would at this point inject themselves into it.

you mentioned the natural decline. you mentioned the regulation. another problem is infrastructure out there. there isn't a lot of infrastructure to move the around the newfound energy because it is relatively unexpected. so what is the downside? all of sudden we've seen this boom and if it doesn't grow as much as anticipated, what is the potential downside and how do we avoid it? >> well, i think the boom will continue. i don't see any reason to pull back. it's just that you can't grow it as far or as fast as people would like to see it happen because of the lack of capacity. remember, trees don't grow to the sky. production just doesn't increase miraculously year-over-year when you face this kind of decline rate but what we have to do, melissa, in my opinion, we have to have a fully balanced portfolio. there are huge, huge opportunities offshore in areas that are off limits. the administration's five-year plan doesn't come close to opening up new access to new oil in new

recent voice -- reservoirs which would augment the shale discoverries, make it a bigger play for the united states of america to reduce imports. the president said last week in his acceptance speech, if we follow his plan we will be off imports by 2020. that is a nonsense statement. there is nothing in the president's plan that would bring us anywhere close unless we reduce demand by continued recession and use ever less oil which is one of the reasons that we have changed the import relationship, reduced demand because people can't afford to buy oil in this day and age at these prices. so they are reducing demand. but in terms of increasing production --. melissa: your bottom line argument is that we shouldn't step off the gas in other development areas just because we think that all of this other supply is coming on board? is there evidence that is what is going on? >> no. we've been emphasizing the shale plays because it is private land, with state permits. you know, drilling on federal lands is down 40%

over the last three years. we have decreased our investments under federal jurisdiction while we have increased private and state jurisdictional outreach. and so we've been growing the industry, fortunately, because the federal government has been out of the way. they haven't been involved, thank goodness. that is what we can continue to do. now we get to the offshore. we get to federal lands. we have to have federal government leadership if we're going to decrease imports by increasing production in those areas. melissa: john hofmeister, that is great information. we'll keep all that in mind, the next time we hear the president talk about how much drilling has increased under his administration. john hofmeister, thanks for joining us. >> thank you. melissa: so we have breaking news we want to go to right now in egypt. protesters are scaling the wall of the u.s. embassy in cairo. let's go to adam shapiro with more on the developing story. >> that's right. we have the video coming in from cairo, roughly 3,000

islamic protesters tearing down the u.s. flag at the u.s. embassy in cairo. these islamic protesters are demonstrating, they say, against a movie, 3,000 of them, a movie they call offensive to the prophet mohammed. this movie being produced by egyptian ex-patriots who live in the united states. roughly a dozen men, according to ap reports, scaled the embassy wall and actually were able to get the flag of the united states and tear it down, chanting there is no god but god and mohammed is the prophet of god. this all happening within the last few hours. and these again, protesters are described as being hard-line islamist supporters of what is known as the salafist movement or egyptian football fans or soccer fans. they're protesting production of a movie they deem offensive to the prophet mohammed. melissa: adam, i hate to put you on the spot because i

know you're on this breaking story. do you know if the embassy was evacuated or there are americans inside? >> the embassy issued a statement condemning what happened. as you go through the reports here, doesn't look if the embassy was evacuated or got into the embassy. they got over the wall these men to tear down the stars an stripes. melissa: adam shapiro, thank you so much for that report. >> yep. melissa: so the jobs market looks rugged. a study finds 600,000 open manufacturing positions. they don't have the skilled workers to fill them. an ambitious new plan moves to close the gap. we have details on that coming up. small business optimism take as surprising leap from a nine-month low but two small business owners are saying they're a long way from jumping for joy. they will join me on what d.c. can do to help them get more mon going. more "money" coming up. ♪ . ♪

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man on tv: ...rbis and 36 homers. swings at the first pitch and fouls it deep back into the stands. [ding] [fans whirring] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. check your steps at foodsafety.gov. melissa: breaking news right now. facebook ceo mark zuckerberg talking about his company's stock performance since the ipo in may. adam shapiro with the latest on this. adam, what has he said? >> this is the first public discussion about how the

stock essentially tanked since the ipo. performance of the stock has been disappointing. he says that the drop in value has not helped staff morale. he goes on to thing, this is quote. good time for people to join and good time for people to stay and double down. that in reaction to some people who are very important for facebook left for other companies and other paths in life. he also said because there was this big issue regarding this performance with mobile platforms he says one of the main misunderstandings right now about facebook is how quote, fundamentally good mobile is for the company. he is still speaking right now. they made a big mistake betting too much on htlml-5. first publicly talking about the taking of their stock. melissa: adam shapiro, all over breaking news. you're the king. >> you got it. melissa: unemployment rate is dismal, 8.1%. there are thousands, maybe that hundreds of thousands of jobs here in the country

are open, begging if only employers could find qualified workers. in fact a brand new report by the society of manufacturing engineers says, 600,000 engineering drops are unfilled in this country right now. it is something we have to keep talking about, because we need to help jobless americans find a job and get trained to get back to work. joining me, mark tomlinson, ceo of society of manufacturing engineers. mark, thanks for coming on. this is one of my big, big pet issues here because, there are, in some cases millions of jobs that are open that we don't have people trained for in this study. we are looking at specifically manufacturing jobs that need engineers, 600,000 people. what's the problem? what's the disconnect? >> well, there's a big disconnect in regards to skills and what the problem is, we're not educating our current workforce and our future workforce in the right tools to support the needs of the manufacturing enterprises that need these employees.

a big problem is the fact that we have stopped, for many years, actually, looking at the manufacturing sector as a vital, a vital part of a thriving economy. because we haven't looked at that, in that way, skills for those key jobs in manufacturing have gone without --. melissa: how do we fix that? if we look at people who are unemployed, is it possible to retrain adults to do these jobs or is it too late for them? >> no, it's not too late. as a matter of fact, smu is very active in training workers that have been, you know, taken out of jobs, taken out of what i would call repetitive assembly jobs and retraining those individuals to get correct skills to go back into the manufacturing workforce. one way that can be done is taking online learning courses. tooling-u, one of our organization as products is using that type of method of online learning to produce

skilled workers that can go back into the workforce. melissa: okay, my second question. if you have a child or a high school student right now, somebody getting ready to send off to college how do you make sure they're studying the right things that they will fine a job later? >> they need to look at the selections in regards to universities they're going to. you need to look at what they want to do, what their problem-solving schedules are like, and then make correct choices. if they go to what i would call research universities, they're going to come out with a degree in mechanical engineering and they will be able to do research. if they really want --. melissa: should we bring back vocational schools? should we specifically train people for these jobs and give them incentive making tuition cheapers or loans easier to get? would that solve the problem? real quick, we have only couple seconds left. >> yes, that would be a good solution. another solution to have

employers work with local community colleges to get the right workforce. melissa: we have to solve this problem and we have jobs out there and we're going to do it. thanks so much for coming on tonight. >> thank you very much. melissa: we don't want to be all gloom and doom here. there is a bit of good news from the national federation of independent businesses. monthly optimism index rose slightly in august, beating expectations but the climate for small business, is it getting better? joining me now are two women who know a lot about creating jobs and running successful businesses. catherine is the ceo of fast signs. and melanie bergeron, chairman of the moving company, two men and a truck. ladies thank you for joining me. catherine, i will start with you. what do you think about the idea that the nfib said the optimism index rose to 92.9, but it was at a nine-month low last month? are small business owners getting optimistic?

what do you think?. >> i know by small business owners are optimistic by nature. we are willing to take risks and hire people and create jobs. by our very nature we are optimistic. i'm here in washington, d.c. today because i think we can make the environment even better for small businesses and create new jobs if we just had a little tax certainty on the horizon. melissa: yes. melanie, do you agree with that? by the way, catherine, i love that point. you're right, in order to run a small business you have to have both courage and optimism. so you're right about that. melanie, what do you think? are small business owners getting more optimistic right now? >> well it is hard to say. as catherine said, we're here on capitol hill. we have 400 franchises out there. i have 12 of my own franchises talking to elected officials. sales are great and people are moving and things look optimistic there is uncertainty of the tax situation. most franchisees are s-corps or llcs and depending on the

decisions made the sales are going to go right through the personal income statement. while it may make them look wealthy for small business owners that money is going right back into investment, paying off debt, buying assets. so there is some fear about growing, expanding and hiring until they know if the tax rates will be will go further. melissa: catherine, is saying that you want certainty, is that a code word saying you want lower taxes? that is the accusation that sometimes comes along? that you want certainty or you need it to be lower? >> well, melissa, certainty is certainly very important. we're going to manage our businesses based on what we know about the future and 3 1/2 months from now we don't even know what our taxes are going to be but i guaranty what you incent you get more of. lower taxes will allow small business owners to reinvest their businesses, expand, hire new employees. i personally know a dozen people who want to open fast signs locations today but are afraid because of

uncertainty. they don't know what they will pay in taxes. they don't know what the environment will be like. the message on capitol hill, it is good for franchising. franchising as 825,000 units in the u.s. and employing 18 million people and accounting for 1 out of 8 jobs. we know we can create more jobs. every franchise that opens on average generates 15 new jobs. jobs is what this economy needs. melissa: melanie, do you agree with that. we have only couple seconds left? >> absolutely. we were robust before 08. we're up and down. going forward we're up 1.5% so the franchising industry came up with 11,000 new establishments and most franchises when they open it creates on average 15 jobs. so looking better but there is uncertainty going forward. melissa: ladies thank you very much. >> we need tax reform. melissa: yes. ladies, thank you so much for joining us today. we appreciate your insight

because you're right there in the trenches. >> thank you. >> appreciate it. melissa: supercharging the irs. we have new details on the agency's powerful role in enforcing the health care law. what it could cost taxpayers. that is coming up next. and paul ryan and rahm emanuel, they are not exactly bffs. ryan says he is backing the chicago's mayor fight against striking teachers. did he just school a silent president obama? we'll explain that coming up. do you ever have too much money? ♪

♪ . melissa: so if you're concerned with the impact the affordable care act will have on you and your family,

know it is more about health concerns. huge effect on all of us will be taxes associated with it, that is if our friends at irs don't have enough to be tracked with. republicans on the joint economic committee estimate that the irs needs, brace yourself, 6500 more agents just to manage the new tax mandates. earlier today a house panel held a hearing on the irs's role in all this. with me in a fox business exclusive, straight from leading the panel is congressman charles boustany. congressman, thanks very much for joining me. this terrifies me and i'm afraid to say it out loud because i am afraid i will get audited here. 6500 more agents, oh, no? >> the more we find out about the affordable care act the less we like. we know there is a massive tax bill. there are 47 tax provisions in the bill. we've seen 17 regulations issued, volumes and volumes of work we'll have to read through and sort through.

what this is going to mean for taxpayers, american business owners and families, 80 million man-hours of labor to comply with this. and that is just 17 regulations. this is only the start of this. melissa: what is this going to cause the taxpayer in order to do that and hire all the people and do all that work? >> well i asked the deputy commissioner of the irs that exact question today and he will have to get back to me. they didn't have an answer. that is a problem. we don't know how much this is going to cost. i have asked for information from the office of management and budget. what will this cost taxpayers across it country to comply with just the 17 regulations? melissa: if we have to hire all these people in order to audit and take care of and manage it. will we get taxed to pay for that. will they go out and fine people to recoup that money in order to pay for it so i'm going to be paying for it? >> well, we also heard today from a former irs commissioner and a assistant secretary of treasury for tax policy, who said, this

is a quagmire. it is so complex, it is so difficult, and the compliance burden will be enormous, it is really going to put a further drag on the economy on hiring and so forth. there will be many, many unintended consequences as a result, that will be adverse to hiring, to creating, you know job positions, private sector job positions in this country. we're going in the wrong direction. we want to simplify the tax code, not make it more complex. melissa: are we turning the irs into sort of a super uber-power agency? are we giving them superhuman, superman type powers? seems like all of a sudden they will be in charge of everything. they're getting bigger. it's a little scary. >> well they're getting into all kinds of areas. one of the witnesses today said just, all of the tax credits and tax expenditures in the tax code, amounts to the fourth largest domestic spending program. this is, i mean the irs is

being asked to do more and more and more. and in a much more intrusive way in all of our lives. melissa: yeah. >> the aca is big part of that. melissa: i love them. i love every irs agent without there without question. every single one. they're all fantastic. mitt romney said he would nix the health care law as one of his first acts. i wonder hough will it cost to unwind all of this. you're talking about setting it up. what about the cost of that? >> we already there is enormous costs already incurred on the part of businesses and families trying to figure out how to comply with this. unwinding it will be a mess, clearly we'll have to get the legislation passed. then you have to deal with all the regulations that are out there. there is a lot of conflicting information that we're having to deal with as it is. melissa: okay. >> conflicts regarding the statutes. this is really a mess. melissa: all right. congressman, thank you so much for joining us. we appreciate your time.

>> thanks, great to be with you. melissa: talk about strange bedfellows. paul ryan backs chicago mayor rahm emanuel against the city's striking teachers union. did romney-ryan campaign lead the obama cam in its dust? the new iphone tomorrow could put a stimulus to shame? why the congress and fed should take notes. we have "piles of money" coming up. ♪ .

♪ . melissa: so when it comes to chicago's teachers strike, mayor rahm emanuel is getting support from an unlikely source, republican vice-presidential nominee paul ryan. here is what we he had to say.

we stand with mayor rahm emanuel. where does president obama stand? does he stand with his former chief of staff rahm emanuel, with with the children and the parents or does he stand with the union? is this political games shanship. we'll hear from both sides of the debate. sally cohn. fox news contributor and republican side, jack berkman. sally, i want to start with you. this struck me as a very clever move. paul ryan came out, i know rahm emanuel you will not support our campaign because he will support you. did he checkmate the president. >> i think everybody wants to know where the president stands and certainly the teachers and parents and students who want a good education in chicago and are fighting the mayor on this, they want to know where the president stands. so we don't know until the president comes out. but the truth is, mitt romney and paul ryan have been very clear in their opposition to the rights of workers in public

and private sector to have a voice on the job. so they are against unions. they made it clear. melissa: wait, sally, did you say the parents who are fighting with the mayor implying that the parents and mayor are not on the same side? >> yeah, look in story of a storiry parents, want their kids back in school but they're supporting the strike. melissa: i don't know about that. >> there was just a poll that came out, there was a poll released majority of people in the chicago support the strike. melissa: jack, what do you think?. >> that answer belongs on comedy central. i don't think there is single parent in chicago that supports is, my goodness gracious. the president is in terrible box. ryan, did absolutely brilliant thing. it was a great move. obama doesn't give a darn about the kids and doesn't give a darn with the parents. cares about one thing that is union mobilization in november. both obama and emanuel were caught off-guard by this strike. they weren't expecting it. now they have to play it. and they have a choice to make. the choice will be, we need to mobilize, we need our grassroots. melissa, there is only one issue here.

that is if republicans can take all three house, senate and presidency next year, item number one has got to be elimination of all municipal and public unions in this country. i tell you something else. don't take it from me and don't take it from fdr. franklin delano roosevelt, in the 30's, big liberal, i will never support municipal and public unions because it is too dangerous for the country. melissa: i want to get back to the political gamesmanship. there is so many things to debate what is going on in chicago. one of the things set on this fight was set up so the president could come in an settle it and look to bring together teachers an parents in the city. do you think there is any truth to that? do you think paul ryan beat him to the punch? sally, let you go first and jack you respond. >> i don't think there is truth to that. i think reality of the situation is that here, we have striking teachers who voted back in june to strike, because they're being asked to work longer days. and not receiving enough pay

to support that. in addition to having high-stakes testing. >> average pay is $76,000 a year. average family in this city earns $47,000 a year. i don't know about the argument wages are too low. stay on politics. jack, real quick, paul ryan checkmate the president by getting out there first? was the president meaning to come out and settle the whole situation and look like a good guy? >> oh, yeah, total checkmate. no question about it, you're right about that melissa. they didn't set this up. they're not that smart. they're not that shrewd. what happened it blew up in their face. melissa: guys, sorry it was so short. we'll bring you right back to debate something else. i have absolutely no doubt. >> look forward to it. melissa: sally, we love having you on. >> always a pleasure, melissa. >> have a good day. melissa: we have breaking news on facebook. shares are jumping in after-market trading as ceo mark zuckerberg makes his first public remarks since the ipo. zuckerberg says facebook will not make a phone but they see a big opportunity

around search. you can see the bid and ask there, above the closing price. that stock moved back above 20 bucks which is key resistance right here. that is big move for the stack. that is 7 or 8%. you know a product has gotten huge when it influences the entire u.s. economy. why the expected launch of the new iphone tomorrow could give a massive jolt to the recovery. we've got details on that next. at the end of the day, you know it is all about money. ♪ [ male announcer ] wouldn't it be nice if there was an easier, less expensive option than a traditional lawyer? at legalzoom you get personalized services for your family and your business that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection.

♪ . melissa: are you one of those people that think the iphone is the mother of all smart phones? so many of you out there. i'm not one of them. but the example that other companies look to and strive to be it is for sure. it could be more than that, much more. could be the superpower of all mobile phones, because, well, regarded as highly educated economists are saying that tomorrow's expected launch of the iphone 5 could save our economy. how is that possible? jpmorgan chief economist

says the sale of the iphones could add $3 billion to the economy. should the government be worried? joining us is brian wesbury. iphone is doing what the fed and congress and what the president can't do and that is stimulate the economy, right? >> absolutely melissa. n 1964 lee iacocca and ford came out with the mustang. go back to gdp data. it boosted growth. no doubt it is happening again. apple itself has sold billions and billions and billions of dollars of equipment that just didn't exist years ago. apple itself has been more important than stimulus. melissa: economists say there are two ways to stimulate the economy, two schools of thought.

government does it on demand side or innovation and technology gets people to go out and buy and creates productivity in the economy which is what we're talking about here. some argued if you spend money on the iphone, it is money that you would have spent going out to dipper and doing something different. so it is not really increasing economy. it is displacing other spending . what do you say to that? >> that is what paul krugman has said. that is funny and defending estimate wlus. i has to -- stimulus. has to say if a private company does it can't be real. buy a tractor, go back 100 years, and that means you don't buy horses does that mean the economy is not any better off? no, we're better off because we're more productive. the iphone is a hugely productive instrument and now it is going to have 4g and more apps, more you can do with it. more videos you can watch. all these things will be able to boost productivity.

that is what creates growth over time. melissa: texting your friends, calling everyone does that make you more productive? are you sure there is productivity in here? i want that to be the case and but i'm picturing people looking at youtube i don't know that -- it may be taking away from productivity. >> no doubt people do a lot of leisure time activities. think of sports, movies, music, a lot of things you could argue don't really add to wealth or growth over time. but there are lots of things this phone can do that can make your business better. allow to do the personal life more efficiently and get more business done. so i would argue that the iphone and the, by the way, the blacker aboutry, a lot of these instruments they wouldn't exist unless they made life better and life better, and more worth living. >> apple stimulating the economy where government can't. i love it. brian wesbury come on soon. >> thanks, melissa.

melissa: we're not going to do that. when you get out of prison the government is not waiting to hand you $104 million. but one wall street whistle-blower is getting exactly that. really? details on an historic reward from uncle sam coming up next. you can never have too much money. ♪

melissa: today we are joined by monica crowley and our own star, adam shapiro. first up, it is true what they say. former banker radley bergen-belsen was sentenced to 40 months in prison for a felony conviction. the irs awarded him $104 million. he filed a claim under the whistleblower law. it paid off big, but he is currently in prison. what do you think? >> should this guy get the money because he broke the rules? know, and they're going to test them on it. >> they are going to award him on and they're going to take

half of it. this guy is in jail. the hical question is they awarded it, a lot of money, but he is in prison. if you are looking to make some money and 30% hezbollah now. go for it. melissa: maybe we have a new career. we work on it next. up next, a virginia woman purchased a box for $7, which included a small oil painting that is an original renuart worth up to $100,000. the funny part is that she only liked the frame and didn't like the picture. and her mom said, you should really have that checked out before you throw away that picture. >> in the era of antiques roadshow, i think everybody should be figuring that. i love those stories. somebody buy something for a couple of bucks and it turns out it's a renuart.

the ostman on this committee said $100,000. i actually think that renuart paintings have gone up to several hundreds of thousands of dollars. see. >> you should listen to your mother. melissa: a strange smell in southern california. it is the salton sea. officials think that the fish that died off last week have unleashed that sent of bal small. >> officially california, it