>> 47% who believe they are victims they believe that government has responsibility to dare for them, believe they are entitled to health care, food and housing. neil: enough, enough, enough with the fit over mitt. enough with the feigned rage over what he said about 47%. was he or was he not right? i am neil cavuto, i cannot belie that mitt romney feels compelled to explain now what he

said back in may. nevertheless, he felt compelled enough to do so again with me. >> we were talking about a campaign, and how he will get close to half of the vote, i am getting half of the vote, i hope i want to get 50.1% or more, we have two very different views about america. president's view is one of a larger government. a tape came out today where president saying he likes redistribution. i disagree, a society based on a government-centered nation, where government plays a larger rule, and redistributes money is the wrong course for america. neil: what the guy who said it, regrets for how he said it, it may be his wording about a growing entitlement society was inelegant. it was not, it was accurate, 47% of americans pay no income taxes, no one disputed that, because it is true, that does not mean they don't pay her to

taxes, like federal taxes, but they do not pay income taxes, nor does it mean they are not poor just not half of all americans who are genuinely poor, all romney is telling fundraisers that is a group that might be beholden to the president, and since they pay no income taxes less inclined to the guy advocates lower taxes, challenges the president, what is wrong about that? is there an elegant say -- way to say 47%, not paying income tax is a bit much, to say maybe this entitle am society of ours is a bit out of control, to say we're becoming a nation of leaches, is there a elegant way to say our debt is spiralling out of control because record numbers are on the government dome, those beholden to big

government might support the guy who supports big government and not the guy who want toes shrink shrink big government. is there an els elegant way to y lopsided and unfair, to say, half of the people paying no income taxes is fair. but demanding rich to pay most of the taxes pay more is a tad unfair. is there a elegant way of saying hosed, of saying stop the madness, of saying going down the toilet, mitt romney owes no one an apology for stating the facts, this whole en entitlement society is out of control, there is no elegant way to say what i

did, and no way to say if this keeps up this can kiss this country's ass good-bye, that is not what he said, this is what he did say. >> the right course for america is that government helps to step in to -- steps in to help those in need, but we believe in free people and free enterprise, not redistribution, the right course for america is to create growth, wealth not redistribute wealth. neil: on 47% of the people in this country, pay no income tax, a lot because they are retired or elder lior paying payroll taxes and other taxes but that trench%, 47% figure, is it too high? do you think that level should be closer to what it was in lat

'70s where it was in the 20s? what is acceptable? >> first of all, you are right there are a number of retirees, and members of military who are not paying taxes, tha is at it should be, but we should have enough jobs and enough take home pay such that people have privilege of higher incomes that allow them to pay taxes, people would like to pay taxes, good news is that you are doing well enough, financially you can pay a tax. and problem right now is you see here, so many people have fall frienfalleninto poverty they arg taxes, they have to rely on government. neil, the numbers on food stashes are revealing, when the president took office 32 million people were on food stamps that

number is 15 million higher, almosalmost 50% higher, you have people falls into poverty under this president, i want to get people back to work. i would like to see everyone not retired and not in military having a privilege of a good income enough to qualify to day taxes. neil: you say your wording might have been inelegant but others say you may have just kissed half the electorate good-bye, that you all but called them moochers. >> no.@ those that are deputy on government, -- dependant on

government, and think that government's job is to redistribute, i'm not going to get them, i know there is a divide in the country, i know that some believe that government should take from some to give to others, and president makes it clear that is what he believes, that is a foreign concept, america was build on the principle of government cares for those in need but getting out of the way allowing free people pore and you their -- people to pursue their dreams, only way we'll help people out of poverty. neil: to the guy named dan, who is not a fan of the entitlement society, said no wonder that media is in i fit, mitt tore open a big old scab. >> i think everything he said to you was very accurate. i just wish he picked the right number to start with right number is not number of people

or share of households who are not paying tax. yes, it is important, he answered that well. but key variable is share of households getting redistribution from the government. those are the people, if we're worried about america sort of into the greek-style dependent way, that is the number we should be concerned about as governor romney said, there are a lot of americans who do not earn enough to pay taxes, but they are not part of the moocher class. dependency culture is things from huge expansion in food stamps, number o people trapped in unemployment by the unemployment insurance programs,

those are the things we should worry about, that has destroyed work ethic and culture of self-reeyewitness ireliance in . neil: you can talk about reigning the growth of government in. you always come up looks like a bastard, right? and there is no way to explain how we gotten to the point where 47% do not pay taxes. like you say, many do not have to with credits and allowances courtesy of '86 tax act under ronald reagan it grew to be what it is, but a point where almost half are not praying income taxes shows that almost half without any skin in the game that does not mean they are all in barack obama's corner. i, agree with you by insinuating

is what mitt romney may have come upon, that i is -- prematu, but, what should we be, in high 20s 2 to not pay income taxes >> argument about skin in the game is important. if we wind up with a country where most people do not day tax, then as that warfare politician promising new freebies from the government saying only 20% of people will pay tax, you get unhealthy political dynamic, have you in countries like italy, france and greece, we all know where that ends. because, sooner or later, -- >> i don't know if we all know, that dan, you hit a crucial thing, i don't know if we all know that, or if governor articulated that. a lot of people assume we can keep this entitlement nation going undeterred.

>> you are probably right, that is the job of those of us what work at think tanks, and of people that work in media, if we do not educate the american people about risk of continuing on this path, and we already than demographics and indictment we'll -- entitlement we'll be greece in 20 yearsees. we have to make sure that people understand what the choice really is. do you want the fiscal chaos, social disarray? the economic nightmare of greece, italy and spain? hor do we want to restore the american principles of a work ethic, self-reliance, free enterprise and economic growth. whether romney will do those ifly is elected, i have no idea, but that is what is at stake for america at some point in the

next 15 to 20 years. neil: thank you, dan very much. >> thank you, neil. neil: media relentless on romney, and g.o.p. now po'd . looking at big board, republicans may be in big trouble. seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling.

from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together.

neil: states are worrying about the cost of health care law issue looking for a way out. meanwhile, with media jumping on mitt romney still, president obama jumping to win wall street back. right now raising cash at waldorf-astoria in new york city, he is expected to jump all

over romney's comments. but oklahoma governor is not worried. these latest comments be damned. they are a disraction whether you agree with his i intent or not, do you worry about that? >> i'm not worried so much about the comments themselves, but i am worried about america. i think that is what governor romney is trying to talk about, he is worried what kind of country we'll have, what is america going to look like? the america where we can have the american treatment where everyone hands a chance for a good paying job to do better than their parents did. a chance for families to be able to live the life they want to live. and their children to have good types of education, and move on to a career when they become

adults? or an government and society that depends on government? i think that is ha he wa is -- s trying to say. neil: i don't think he dthat is why we cut to the core, i want you to react to framing this argument. >> i don't expect to get 70% of the vote, i understand that some portion offing president's, some will be mine, i have to get as many as i can from every cohort, but intent i want to talk about, was the fact that have you a great divide. neil: he was confirming, still, i'm not getting a built in base of folks, it might be close to half, but i have to get 50.1% of them, and a built in base of those who get stuff from government who'll never support me. what do you make of that? >> i think there are people in that base, that he was talking about that will support him, i

think there are people in america who are concerned about economic freedom, and concerned about the role of government, whawhat is the appropriate sized role of government. in our lives and businesses, i think that there is a bigger base out their than maybe what he said, i think he just didn't say it right, i think he was trying too express -- >> you worried? i hear from a lot of your colleagues, time is wasting, he has to start saying it right, the media is framing him in a way that certainly is not you know conducive to getting votes. >> there are those who want to distraction away from the main message, and concerns about americans, that is we have 23 million people unemployed, and under. employed, more people on food stamps. neil: you don't think it is

irreversible. >> no, campaigns have good days and bad days, all have them, sometimes people say things maybe they should have said better. neil: thank you very much. governor, be well. >> everyone is focussing on that 47% that mitt romney is talking about. but the 4%. corner of wall and broad that could swing it all, i'll explain.

neil: fox business alert, time for an update on kate, a court saying that closer magazine has

to immediately stop showing topless photos of kate middleton, and send all digital copies to the princess. >> now to fox financial flash, fedex is fed up, the economy so screwed up, cutting profit forecast, it warned but now, it continues slowing down. but homebuilders are expecting houses to pick up a little bit. and kohl's is not expecting cold in christmas stockings, 10% more than last year hired for holidays. >> president could get an early christmas gift from wall street, if the dow and s&p keep rising, he has a much better chance of winning, since 1900, when dow

climbed between labor day and election day, the incumbant has won 90% of the time. don mariner with how this could play out that is reliable? >> it has been this good. but this time we have a three-market election, job market, housing market, and stock market, stock market comes third because it is watching the job market and the houses market. neil: but the argument that market factoring in optimism, that is reflective of more optimistic investors. >> it is discounting trends, our whole world is, if they think that things are getting better just from bad to not so bad that is a good trend for the market, in this case, the job market terrible, but we know it has

bottomed out, and housing market looks reasonable right now. neil: it stopped tumbling. >> and third one this time, there are skin million 401(k)s -- 60 million 401(k)s out there, it does have a impact in those terms, but unless jobs look okay and housing looks reasonable that will impact the market. neil: maybe that is -- president's approval back at 5 50%. but on the crucial swing states? >> ihink this is a fact this people are looking for specifics, they are not hearing them from there are party, the that willer has to be very specific, mr. romney has to do more of. neil: is this stuff with 47%

help or hurt? >> i think it helped a little bit. if he explained it more, they may not pay federal taxes but state taxes have gone up. sales taxes have gone up. social security, medicare. neil: they are not all mooching off the system. >> no, they are paying taxes, cutting taxes is not getting you a job, but education. neither of candidates are talking about that in a percent waysive way. neil: -- persuasive way. neil: mitt romney tried to bring it back to government is the problem, not the solution but problem, it is growing to a point where half of the people are getting something from it that is not sustainable, is that a rateable issue for him. >> for all of us, it started when medicare came in with that -- what is that 1966 it has been

through democratic administrations, and republicannrepublicanadministrao be no stopping the government, everyone should be worried about that. you need to educate people to take 21st century jobs, they are doin 20st century jobs, it is training, and education, it is recreating the american optimism, that i can do better next we're than i am doing this year. neil: but the wind at the president's back with their market, help re-elect him. >> it might. everyone likes a market to go up. and everyone likes to feel they have more money in their pocket, that is the way it is right now. but we're back, job market, housing market and stock market.

>> all right, wall street icon don merit, thank you. >> my bailout rage has a lot of e-mails coming in wake up and smell the exhaust fumes, that is flip side of getting bailed out. you never really free. you are always some bureaucrats s s bitch, i care, you text, and man do you text. what do you think of gm wants out. [ owner ] i need to expand to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen,

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woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. 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. and what they said is amazing. review 5-hour energy over 73 percent who reviewed 5-hour energy said they would recommend a low calorie energy supplement

to their healthy patients who use energy supplements. seventy-three percent. 5-hour energy has four calories and it's used over nine million times a week. is 5-hour energy right for you? ask your doctor. we already asked 3,000. neil: halftime, you are fully

throttled because i was fully throttled by gm which no longer wants to be coddled. wake up, smell the exhaust fumes, you never are really free, that is flip side of bailout, you are never free, you are always some bureaucrat's bitch, you are government motors, fort eternity. >> okay it might have been extreme. the react coming in fast and futious. the text-messages came in fast. they made their bed and dealt with the devil, now they will experience truex economy hell.

and because of what you said about gm, i will watch fox news again, you told the bold truth. you told th the country what wod happen, if you expect the government to always come to your aid. it was on fox business you are watching, matt on ohio, brilliant, and everyone in youngs town, ohio should be forced to watch that spot, over, and over, and again and again. to hell with oh, reilly, put that tape on your web pain, you page, you can catch it on fox business .cobusiness.com.

make that clip available on youtube. to share it with a million of our closest electronic friends. a lot of everybody mails like, that some grateful, letting those who wanted those remarks up on the web site, know they are there. whole thing, once on the thing, warning that those who go to government might has about go to tony soprano, the debt is never really paid, just like you never really can leave the mob. joining me n, ford motor company ceo. >> looking how gm wants to get out from government's thumb, reminds you how wise it was not to get bailed out. to resist the government. takeover as you did. you didn't need it.

but, now looking back are you glad? >> oh, absolutely, i remember talking to but it at that time, and that was one of the biggest decisions we've made, the united states was in a very tough situation at that time. neil: you were for bailing those others out, because of the whole supply? >> remember we actually testified on behalf of temporary help for gm and chrysler, we concluded, that if gm and chrysler, went into freefall, they could have taken down the industry and u.s. economy. neil: you don't think you would have survived that or toyota with plants here. >> we all would have been in real trouble. we did it, -- we could have really contributed to u.s. going from a recession. neil: that rescue of a good thing? >> it was the right thing to did at the time, but to your point,

i am just so pleased that we did not access one dollar of taxpayer money, we were on a plan to create a viable ford way before that recession hit. neil: there seems to be a bigger macro picture to, that you know that is big government, about well not big government. many saying it has gone too far since, and we built a slippery slope. what do you think that that the government is too unwieldy, rescuing everyone. >> i come out of it a different way, you are referring to, i think, that business, and economic development is absolutely the foundation of this country, and in our case, and in manufacturing it so important, 70% of r&d is manufacturing with a big m, everything in a be environment

ought to be looked at through the lens, is helping the environment grow. neil: thank you so much. the number of regulations now growing, 1500 pages that reportedly added last week, more companies are cutting jobs because of them. 1200 jobs in coal because of regulations, many more could follow. business groups like chairman ber of commerce are try -- chamber o

>> he indicated he wants to raise taxes could raising taxes on a small business, that will kill jobs, the president is pore owing borrowing a trillion dolls more we take every year, a pathway that looks more european

than american, many are drawn to, i think they are wrong, they do not recognize it is not good for america at large, 100% of americans in my view will do much better if we live by a government established by founding fathers, one based upon freed am anfreedom and opportun. neil: charlie -- charlie gasparino on the phone with me, saying that is not just all obama all the time. charlie, explain that. why do you think that the supposition he lost half of the country is wrong. >> break down who is in that 47%, a lot of people to believe that big government is the way to go. maybe economically say subsift on welfare. but a lot of people in that 47% are people that want to preserve

their paycheck that excuse mes from government pensions, cop, firemen, other retirees, they understand that the enormous growth of the welfare state threatens that, hugh do i know -- i will tell you this i talk with people like that, i know people who work for new york city water department, city cops, firemen, people in that 47% and i am telling you not all of them believe that the welfare state needs to get bigger, a lot of them worry that the bigger it gets, the less money is in there for them. i think he is making a big mistake kissing that away, if that is what we is doing, i saw the judge earlier, and mitt romney, i thought he did a pretty good job, i felt he was defending himself, and not being defensive, this is a clear election, a elect of clear idea

idea logical choice. neil: you think of chris christie in new jersey, he is popular, he has talked about if you want those benefits sustained, you better be rooting for me, should mitt romney play that card? >> that is the card that i thought they were playing, that is at the heart of the ryan-budget plan, proposal to rein in medicare, and the other entitlements to close the loophole, it would -- you know some people would consider a tax increase bringing down other rates, on corporate tax and individual taxes, we have people spending money on creates jobs, that is the heart, you want to preserve these entitlement could we have to get our hand around it and grow the economy. i tell you, large parts of this

country are yearning for that, this is what i thought would happen when ryan got nominated, i thought that would force this debate we're having right now could we're having this debate because, romney screwed up, in some sort of a close-door meeting and mother jones or whoever leaked it but they did a great service, we're finally having that debate, this is a debate worth having. neil: charlie gasparino, single greatest business reporter on the planet. >> any time. neil: you know that debates are coming up, so why are they pumping up the other guy? these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare.

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>> maybe they should lower expectations. >> i think we have great confidence that president is a good debater. neil: better than your husband. >> i'm not weighing in on that, but i think that president will have an advantage going into the debates, everyone knows he is a good debaters and sitting president of the united states. neil: ann romney with me last week, careful not to pump up her husband too much before debates, today obama administration doing the same thing. david on the message. >> ronald reagan's first debate on carter, narrative was that he

is a dummy, he will never get anywhere. there was that one line, there you go again. that summed it up, with next debate he had with mondale in election of '84, expectations were reagan is getting too old, he turned is, round with that age come, i will not let you're youth and inexperience interfere with it. mithow is mitt romney going to o counter that. and what is romney's narrative for president obama? he is a nice guy, who tried but failed. he has to change that. he has to be tough as president obama is against him, personally, he has to say, president obama succeeded in setting ground work for a

fundamental change of america, in which our old standards of free market changed. neil: high did. -- he did everything he set out to do that is what worried me. >> he has to say, he is an ideal log who tried and succeeded to lay foundation for something he would complete in the second term, we've seen that foundation in first term, obamacare is just part of it. using federal regulatory apparatus that has never been done before, with what he could not get through congress. >> does it linger and hurt? >> it could, if he gives president obama a free ride, playing into that nice guy thing, which is part of president obama's campaign, he is just a nice guy. they play on his likability

numbers, if mitt has guts to attack that head osaying he is aned -- ideal log, plans his seeds in u.s. fundamentally changing the character of the united states not only internally but also in regards to our allies abroad. neil: don't you think that president reagan a debate with jamie carter, was -- with jimmy carter was to say i dream bigger, i think we can do better. we're so grateful now, if the numbers are not as sucky as they were, and job losses not as severe as they were before we're grateful. we know in a recovery at this stable, we should be booming, that is what romney has to do, say his definition of a recovery is this. >> right now. as you are were saying the

economy is very weak, right now we're teetering in two areas with our economy, domestically, and in global stage, because of what happened abroad. when you teeter, you want someone in command who knows what he is i do, says clearly what he is doing, and all these other things are a distraction. neil: that is amazing his personal appeal that a president sheparding this economy. >> right, that is what i'm saying, he is saying he is a liklikeable guy. neil: so he should say he is an sob and evil. >> no, but he came from

idealogical roots, make a big shift, come out fighting and use the debates for that. neil: thank you very much. a man who never had to beat any low expectations, they are already high and went higher

we asked over 3,000 doctors to review 5-hour energy and what they said is amazing. over 73 percent who reviewed 5-hour energy said they would recommend a low calorie energy supplement to their healthy patients who use energy supplements. seventy-three percent. 5-hour energy has four calories and it's used over nine million times a week. is 5-hour energy right for you? ask your doctor. we already asked 3,000. >> if people think they are better off, i would say take a

look at numbers with median household income, down every year for last 4 years, and income down. and people on food stamps up to 47 million now, there are a lot of people hurting in this country, and the president's policies are not working. neil: i don't know if that was the start, it could be, i think it is nice for this mormon to start storming. man up, you were right to criticize u.s. embassy initial apology for the frai film on m mohammad. you are not inelegant. they may not be jazzed by you, it makes you real. the reality of taking on the entitlement society, and the

hell you get from those who benefit from that i don't care if you are left or right. what they are doing right now to mitt romney is wrong, they are making him the issue, but they hope you forget the real issue. half of all americans getting some treat from the government. creating a entitlement society is is bursting at seams, and a $16 trillion debt that is choking to us death. frankly i think that romney should be angry at people are who getting angry at them, who cares if the message seems mean, the man is mean. romney should not say it does not mean some of those 47% paying no income taxes are not genuinely needs just no way in hell that 47% of americans are genuinely needy.

but now a government of en opportunitentitlement pushing pd assuming this merry-go-round will not end, but it will, and badly, that is what mitt romney should be screaming loudly, it is intrathat 47% interest to see this thing fixed, or we're all in a fix, i do not care whether you are a democrat or a republican, but when we focus on tone of someone's remarks and not accuracy of those remarks, the 47% of us are not paying in, we're lose sight of fact some might be unable to, some might be paying other taxes, but there is something intrinsically wrong with the system where it is built to half not paying into that system, for a variety of sims that go back to ronald reagan and a tax reform act, everyone needs skin in the game.