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tv   Cavuto  FOX Business  October 25, 2012 11:10pm-12:00am EDT

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oh,ey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to ha a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. an't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer fedex office. now save 50% on banners.
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>> he is hoping you won't remember. il: my next guest says that it is his policyhat is hurting the middle class. >> expenditures in the
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government since 2000 they were about $1.5 trillion as we would've been at the 2008 baseline. that has to be financed. but if you take that pay about 40% of the tax burden, that means that the other 60% is paid by everyone else. people at the family income level, they are paying all those taxes and tax burdens. what that amounts to is about $4500 per individual in that middle class group as a rult of the excess spending since 2009. neil: does that middle class group know that they were so outraged by that, with all due
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respect, the late great senator george mcgovern, -- >> i think you are rig. i think people don't know that. but that is the problem. because when i think that people think is that this burden is not just a burden of the rich. it is actually a burden of the middle class. the taxes on the rich, income levels going up is better, what is treasury? what does his treasury department tell us. it will bring in less than $100 billion a year. >> raising revenues is not going to move the needle much. in order order to really get some bang for the buck, you have to cut out a lot of bug.
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>> that is right. and if you play this forward, another way to make your point, even with the prresident and his rosiest scenarios, he is talking about 20% of gdp going off in the wrong direction. if we were to raise our taxes, that would mean raising the taxes on the average amecan by 50%. neil: we will watch very closely. thank you for figuringll this out. it is great to have you on the show. next, voters in michigan could help liven up what the president could be in for. a little stickerer shock in november. and the ladies are boring for and the ladies are boring for justin biebery.
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neil: don't count michin out when the numbers come down to the president's polling. dead even. according to ceo mike jackson, we would like to know what he makes of this presidential campaign. you would think that a state that benefits from the auto bailout is not doing more for the president. what is going on? >> well, i think tt we have to remember that the decision to
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step in the auto inustry was made by george bush. >> that's right. it was made by the president. it was in the fall of 2008. and he handed the industry ought to president obama. obama decided to restructure the industry. it was a fundamental decision that was me by george bush. neil: that mitt romney was against that. anyway, we got the structured bankruptcy. the only difference was we h a lot of taxpayes spending a lot of money to get that. but they're apparently does not seem to be nearly the ill will towards mitt romney because of that. why is that? >> well, i think there is a basic understanding that mitt romney had been president, he would have done what was necessary. but we did not have an industrial armageddon. an industrial lehman brohers type of thing. >> do think as president he
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would have done this? >> yes, he would have. maybe different access would've been different. but i do think he would have stepped in and bridge the gap. with romney on this issue, the last two or three yearof intensive discussion, maybe he would have done it a bit differently. but he would not have left that prices. he would not let that sweet be industry away the one what about what is going o in the midwestern states. a lot of the manufacturing states. why is that? and wise men from the doing as well as he is? it does go against the grain of what you would conventionally think should be the case. what is happening? >> well, i think at the auto industry is a bright spot, but the overall economic recovery is tepid and weak. we are down to growth of 1.5%
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gdp. and imagine, neil, this is the greatest monetary and fiscal stimulus in the history of mankind. 0%nteres rates. qe-3, and for trillion dollar deficits. and we have growth of 1.5%? the only reason the unemployment rate is down is because so many people are disuraged and have left the work force. i mean, there is real pain out there across america. the question has come, who is going to get this economy moving again? obama has had for years and still has not figured out how to get it done. were this mitt romney really have a greater understanding of what americans need at this moment? a greater and stronger economic growth? >> what explains the kick up an auto activity? obviously, a lot of people -- people have a lot of old cars
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and they had to replace them. but it is really disproportionate to aamost any other sector as a comeback. what is going on? >> here is the way to think about it. in 2008 and 2009, the country had a recession. sales plummeted from 70 million per year down to the selling rate of $9 million a year. people could not get other correspondents to get them replaced. it they pushed out the average age of cars in america 11 yars. and by the way, they did not prepare the rs during this time. so they had to do something. either repair the car or take that money and put it on a down payment on a newer car. and e havexciting new products. today we have greafinancing on cars because, guess what? they are in a crisis the amount
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of capital that is flooding into auto financi is unbelievable. everybody wants to talk about it. genuine replacement knee, great financing, we have a recovery under way. neil: that's very interesting. mike, always great to have you. neil: when we come back, mitt romney shifts directions sometimes investing opportunities are hard to spot. you ve to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity.
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neil: mitt romney, ladies man? not that the mormon is cruising the bars. for one thing, he doesn't drink. at halftime, let me to throttle this. and it is a hit with women
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at this stage, it could mean the entire contest. romney is already favored by white males. the women, of all color, they have always been in the presidents corner. until the first presidential debate nearly a month ago. some say because romney came off as a lot more likable and agreeable. others arg it is because women are finding this economy more disagreeable than the presidents advertisements. others think that he is picking up speed in the unlikeliest of places. pollsters say it is because in a
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lot of families, women are the ones payinthe bills right now. and they are paying attenti. they might just say it is the president who has been unfair economically to them. what you think? >> well, you are right. that first debate was really a turning point. women and a lot of other voters were seeing a cute picture of mitt romney in the media. but then they saw an energetic candidate. neil: i say that throughout these weeks, 14 or 15 points up
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on the mitt romney. >> only talk about women or the women's vote, you have to recognize that there is monolithic voting bloc that is the female vote. we are just as the diverse as men in the population. there is no one women's vote. when president obama won in 2008, he did it with more than 70% -- that is where we are coming from among women. that is where the romney camp needs to talk. neil: so married women are more inclined to be with romney. it is the single women who are on some of these contraception issues, the other issues, or is it the single woman, you tend to be younger, demographics tend to
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go for democrats anyway. >> when it comes to married women, at the end of the day, women's and men's interest archive. a lot of them are tied. they care about their sons just as they care about the future of their daughters. obama mentioned his daughter's in the second debate, and it was very ocular with women when they hear this type of frederick. at the end of the day, men and women can work together. neil: in the en, i alwys think that they have a convincing victory that they need all the keys of voting box goingor you or most of them. the president had d a lot o that going for him four years ag. but it would appear to me that losing women has to be the most distressing development. >> absolutely. democrats have been concerned
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about this. we found a huge republican landslide. this is a voting group that we hear a lot about. women are very diverse. they have different diversi and choice when they go to the polls. but many are going to the polls with their pocketbooks in mind and job opportunities in mind. not just for themselves but for their families. this is something that concerns wojust as much as it does men. neil: it is good to see you again. all right, forget the fiscal cliff. next, liz claman on how jobs are already faing off a cliff [ male announcer ] how do you trade?
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ilill right, now the toothpaste giant. colgate on their workforce. they own several other companies as wel. along with many other ccompanies talking about their decrease in employment as well. americans are working to get back to work ere is nothing elitist about you. but i know going back to the study, it was almost ingrained in us to move away from that. it really killed us, didn't? >> yes, and when i started talking about the subject maybe 10 yearsago, the average age of
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somee who is skilled and can make things, whether it is in a factory or a someone like a welder, they are 50 years old. those people are going to be retired pretty soon and we don't have anyone coming up after them. everyone is talking about what kind of how we are going to wear. and they say, wait a second, where did l this water come from? neil: you like mitt romney because you think he speaks more to this than the president. the factory worker, the man on the factory line, it's just not true? >> it is not true. romney is a businessman. he understands that all business, it stems from three things. mining, manufacturing, and farming. everything springs from that. in order to have manufacturing,
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you have to ave the skills. well, we neveraught our kids skills. >> we have those. you're no gog to call a plumber from china. come on over and unplug your toilet. neil: we almost put a scarlet letter to it. >> it is hollywood's dictation on this. i think it came out of the 60s. it was dirty, it was kind of like the charlie chaplin factory workers back in the '30s. he came home covered in greece. it's not like that anymore. you have to have computer skills and you could make a ton of money, too. guidance counselors, teachers, high school kids should be
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saying, let's start educating kids like we used to. auto shop, carpentry shop, metal shop. if you are a welder right now come you can make $60 an hur. right now there are $600,000 available in manufacturing. 600,000 jobs. neil: isn't there the argument that even if they found the jobs, it doesn't pay what used to because in this environment, we will pay you anything you are going to get and you will be grateful for a? >> well, the government has to take things back to national security. somebody has to fix this the government should get out of the
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way. neil: you can't do both. >> these are times that we shackled. if you take that out ofthe way, than they could afford it. the strength of america is manufactured. neil: so you don't think we could have a great country based on services and so forth -- buying and selling of stocks? >> if youo back to that terminal. electricity has to come through there. when you where do you get electricity from? it is either cooled dutch coal-fired power or dropower electric.
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they say they can't find workers to repair the turbines. the day cold come at the turbines stop d there is nobody around to fix it. there is nobody around to manufacture. somebody has to know that down to 120 thousands of an inc. my job is not essential, even though we all like to think it is. neil: you have been in every pixar movie. your job is essential. >> all right, maybe with pixar it is. but in the long haul, actors, sports celebriti, the rest of us -- the rest of us are no neil: how you do it? have you succeed and say the things y do. the left loves you, the right loves you.
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and it is pretty much from as far as i can tell, you and clint eastwood, and i don't get it. >> my messages go across the board. assyou have to cross the same bridge evry day going to work, whether you're republican or democrat. neil: but it doesn't hurt you soding out for thenext movie. i just hope they don't watch the show. [laughter] neil: it is amazing. it is a testament to you. john ratzenberger, he is the guy to keep track of this. he is relentless about it. he will creep into the next pixar film and they won't even know it. anyway, forget about the new apple and microsoft gadgets. if you think that is going to do it in the economy, and get people spending again, you might want to think again this happy couple used capital one venture miles for their "destination wedding."
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neil:neil: new numbers showing e to americans are going to be spending much anyhow. they are worried about what is going to happen and what is going to happen after the election. when youe worried, what you do? their heal care costs, the ucs waiting for regulation that you see increasing. or just ones that you see coming. we have the energy ceo and katie pavlich.
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>> people are coming home with a lot of different factors at play. you have obamacare,hich doesn't look like it's going to be, were called, even if mitt romney gets into office, we have people wanting to buy their own health care because their employers are droppi their health care insurance. worried that they are going to lose their jobs, they are putting moreoney away for the future.
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we naturally say, by the grace of god, we close up that line. right? >> that's exactly what americans are doing right. it has been high for a long time. it's lowest it's been in over 30 years. we have a lot of very structural issues in america right now and americans are not feeling confident.
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neil: the latest ipad nd latest mini, is that just a unique thing or have you describe it? >> thead fact is that the majority of americans have less than $500 in their bank account for savings. we get the satisfaction of getting the next new toy. in the long run, there isn't a big light at the end of the tamil at this point. neil: i do think you need a
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sense of light at the end of the proverbial tunnel. >> they know that something is wrong. the people that get screwed are the american consumers. americans know nothing is going to get done. i thinkthat really bothers people. whether we caught the fiscal cliff or not, it has been te most brutal two years in american history. americans know that. neil: i had a guest on a short time ago that talked abo female voters. perhaps more than any other demographic group just generally here, just as a group, about wallet issues, if that is so, and people are worried, if i'm barack obama, i would be very
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worried. on the political point, president obama and the democrats and their willing to go off the fusco clips along as republicans don't want to raise taxes on the job creators. the senate democrats and the president saying that we don't care if we go off the fiscal cliff. neil: bottom line, whether you are left or right, you can see a carrack for what itis.
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meanwhile, with what they are saying. the president thought that four years ago. should he be worried tt his opponent sebastian for weeks ago ems theyaven't been moving much lately. but things are starting to turn around because of business 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. oh, hey alex. just picking up some, brochures, posters
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copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. [ female announcer ] some people like to pretend a flood could never happen to them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. so, which supeast 4g lte service would yochoose,
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baseon this chart ? don't rush into it, i'm not oking for the fastt answer. obobviously verizo. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? 's pretty clear. ill sticking with verizon. verizon. more 4g lte coverage than all other networks combined.
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presidential mean? i hear that a lot. myth -- mitt romney surged in the polls after the first debate because he looked presidential.
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i think presidential means regal. just the acting royally, speaking forcefully, not loudly, listening intently, but not crazily. presidential means taking notes, but not too long that you take your eyes off your opponent in the debate. presidential means seizing on the other guy's mistakes and jumping, but never at the risk of appearing jumpy. acting presidential means being calm and looking the part. world leaders not embarrassing us ann not scaring us which, alone, would disqualify me from being consired presidential, but let's move on. part of being president is as much looking and sounding the part as president. people like thatn a president, even if the guy who is not president is not doing the job of president.
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at least he's president so automatically he is presidential. bear with me, i think i have a point. unless the guy who wants to be president starts making folks think, hey, he looks presidential too, sounds presidential too. carefully takes notes presidentially too, looks the other guy in the ey presidentially, too, seems calm like a president smiles when a presidt should, and looks attentive when a president should, all the things the president do and things guys wh@ try to be president do. that's what makes tt romney dangerous to the president. folks think he looks just as esential as the president does right now. you don'want to be there if the folks size up your opponent asking why not him president? seems like he'd make a nice president. just worry abt

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