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tv   Cashin In  FOX Business  March 17, 2013 2:30am-3:00am EDT

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time to get big returns on your tax refund. precision cast parts an enindustrial company. >> metal parts for the automobile trucking jet aircraft businesses. earnings per share expected to grow a big 21% this year. >> morgan, like the company? >> the. >> reporter: on equity a little so so but i i really like this. >> boeing, the airline company has had a lot of problems with the batteries and dreamliners a and why do you like them now? >> taking a lot of orders and pay a dividend and brought strong earnings. >> the troubles behind them?
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>> not quite. worried about the battery issue and still a good pick. >> that is it for forbes on fox. have a wonderful weekend. thank is for watch. keep it right here as theyou wc number one business block captioned by closed captioning services, inc. one franchise owner get ready to pay for it burgers and dogs. taking your dog to the v is going to cost more too thanks to the healthcare law. healthcare regulations stacking up, now taller than the president, time to chuck it? >> chin in starts right now. >> eric: i'm eric bombing. glad to see you. cashin in crew, wayne.
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that family that you just saw who introduced our show says they are extremely bored abo how much healthcare it will cost them. mary, how bad is it going to get for the folks out there? >> it's going to be a problem. i remind everyone that in 2008 the president said he was planning to bring down premiums for an average family by $2500 a year. now, we're talking about sticker shock and how much the premiums are going up. they said the cost are going up, cbo agrees. kaiser, frequent government studies have shown the same thing. the reason is the plan was to give more services to more people and mandate more services in each healthcare plan. you can't have a simple healthcare plan that is catastrophic anymore. so when you do that, things cost more money iould have told you that many years ago. >> eric: we talked about that three years ago. jonathan, five guys say a franchise owner says i can't afford the increase in
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healthcare costs. guess who is going to bite, you the consumer. we should have expected that? >> burger prices going up and healthcare quality going down. it's going to cost employers more which means it's going to cost consumers more. $25 billion estimated for major employers. their costs are going up in the next three years, boeing is talking about $25 million, five guys, we've seen layoffs among medical device manufacturers. to mary's point, what brings costs down is a free market. it's freedom, free minds. you see them everywhere from cellphone manufacturers and education which government has been heavily involved with. obamacare is force acknowledged and will kill free market and raise prices for everybody >> eric: you can mess around with my burgers and hot dogs all
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you want but don't mess with my dog, my real dog, freedom. >> your dog is named freedom. >> eric: and medical device 2.3% tax? >> we're not paying for healthcare right now above what you are paying for your premiums. the average family cost them $2200 a year, to cover people that are uninsured. you are going to pay a couple more cents for the burger or pay thousands of a dollar in order to insure people that are not insured today. every time the insurance gets it paid for. >> eric: this goes across the whole economy. no matter what you buy, your prices are going up? >> we had bobby flay on the business network. he is worried about thcosts. human chef. how he is going to do it suck it up or pass it on the consumer. everybody is worried about this.
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this wasn't talked about in the beginning. nobo said in the beginning, now what, this small businesses will have to go out of business. all we heard was the good stuff we're going to take care of the people that never had it. at the end of the day it's costing us more. >> eric: the original healthcare law was 7,000 pages long. mitch mcconnell put out it's up to 20,000 pages. what else do we know that is going to be in there soon? >> there is a lot we don't know, eric. you are absolutely right. its bureaucrat's dream to enforce all this stuff. to the point made earlier, when you said that we are paying for it anyway, it's not really true. there are people that are unable to prove their citizenship and they are going to get free healthcare who are citizens that don't have to prove it and forced to pay for it. it's not true that that is going to happen that way.
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it's not a wash. we're paying 2.3% already on medical devices. there are some companies that are being very smart abouthis by breaking it out on your ticket so you see with their sales tax, you will see your 2.3% medical device tax. you see it there. that is the best way to publicize all of this is to get it out in the open. get rid of all of that so the public can see what they are paying. >> eric: you pointed out the promises of lower premiums and premiums went up. wt about president obama's promise it won't add a single dime to the debt or deficit? >> they are out of the window, various parts of the plan, this is class act and 1099 thing became overly burdensome. critics of the bill said that at the time. they are not being paid for and cost continues to go up. i would also say kaiser did a study that premiums went up faster after the bill was passed more than years past.
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they found the medical costs would cost $500 billion more if there not had been a bill. only thing we're ping for we're not paying for and it's going up faster. >> eric: we are approaching a trillion dollar price tag and it hasn't ge into effect fully. >> the goal was never to bring healthcare costs down but to socialize healthcare. a national healthcare plan. it was to end freedom of choice in healthcare. that is exactly what we're seeing. there is no mystery about what brings prices down, free people, free markets. this is opposite. this is the president essentially going to your house with a gun and forcing to you participate in this plan. >> i think the problem is. eric, they don't think anything through. no one thought about the fact, hey, when we suggested you reported on your w-2 what it is going to do for small
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businesses. if anybody did their tax returns it is there. this is an added pain in the neck. there are so many little things that are not accurate what was said. >> look first and foremost, premiums are going up because the healthcare goes into effect next year, they won't be able to hike premiums so they are trying to get it under the wire. >> eric: and no one saw that coming? we have been talking about it at fox news for the last four years. >> did you want to initiate the healthcare reform or immediately upon passage? if it were passed, great everything is different. you need a few years to phase it in. secondly, based by the fact that the previous point that we're not paying for this with the illegal immigrants, hospitals can't turn you away if you show up having an heart attack. so we're paying for it regardless. you want to change it.
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people dying in the streets now? >> to your point, we are paying for charity care, those who want to provide charity care provide it. it was highly regulated prior. now there is no freedom in hlthcare and just it has been tried throughout the world you will see premiums go up. you will see doctors continue to leave their practice. >> to your point if you don't healthcare if you are a college kid, you show up with a heart attack or show up being shot, doctors can't take care of you? come on. >> he should rely on charity. >> this whole thing when you say why should we understand it. when they pass the bill, remember what nancy pelosi you vote for the bill and we will tellyou what it is afterwards. we have morons representing us in the united states and you
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can't expect people to understand it. regulators are going to rape us in the process. >> eric: well said. coming up a dirty secret uncoveredn green cards that get a whole lot of cash. and my tweet over the white house tours earning me a call from the obama administration. you will hear that pledge only right here. stick around. ((( ( n
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nevil. ♪ ♪ ♪ >> eric: turns out green may not be see clean. amount of co two when manufacturing and electric vehicle is more than double the amount when making a gas powered car. depending on how many miles it is driven it may never make up the difference. jonathan, this comes after the the calls for more than $2 billion in green investments. is he kidding? >> these reports demonstrated once again the inherent corruption of the green movement of the environmental movement. electric car creates more co2 but we saw the same thing with ethanol. that was previous technology that the greens were pushing. that made more co2 and we spent
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billions of dollars subsidized. it goes to what the green movement is about. it's hurting man. it's not protecting nature. just the audacity of government toorce you to taxing you to pay for it that doesn't work and is of no help you to? if that is not suicidal i don't know what is. >> eric: we found out mr. fistor took $529 million of our money decided to step dow today. what is going on here. we are throwing money? >> i don't know what is going with the company but i believe what jonathan said about the need for clean energy. we need it. i frankly think global warming is an issue but if we don't do it -- as long as 99% of all noble scientists think it's an issue. i'm not a scientist and neither are you and they agree with me, i will say this. china is kicking our butts when
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it comes to green energy production. they are producing -- if we don'to it they are going to do it. to create green energy technology. >> eric: do we care if china produces a solar power panel that produces electricity four times the cost of a fossil fuel megawatt? >> god love them. anything that is uneconic the federal government tends to do. what business do they have to be in the automobile business for god's sake. why should the federal government be in any business. they can't run anything right. they can't but anything lose our money. it is costing you the taxpayer bundle of money to have the federal government get into anything. when you say to come back and substitute something when it comes economically feasible to do so, private industry will do that. if not, let somebody else do it,
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let the chinese do it. >> eric: we threw up a bunch of logos of different initiatives. solyndra, a-123 battery systems. we have thrown billions of dollars and they are failing. >> they are failing. wayne hit the nail on the head. when it becomes economical and feasible, private industry will capitalize on it and our government shouldn't be trying to figure it out. it goes back to healthcare and everything. they don't know what they are doing. now what, your job is to protect us. get us off foreign oil. >> eric: president obama wt to argon labs in illinois and suggested that we raise $2 billion from the oil industry to get rid of the o industry. >> i'm happy for green titans to innovate as long as they do it with money they raised from private folks.
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fisker has the only automobile that has broken down during consumer reports test. they usedn a-123 battery and it broke down. i'm happy to make cars that break down with his own money. don't do it with money you have taken from people. it's not a good investment. green energy is fine. revolution but do it with your own money. >> it's not green. getting back to the point you started on. the electric cars create more hazardous waste with an ethanol produces more gasole. problem with the green revolution, data suggests it's not the indication. >> i think julie is right. we need to figure out a way, another way, right? you name it. coal, nuclear, whatever you want. figure it out. but let the private industry do it. >> you guys obsessed with the government when the government did the wall street bailout?
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yes! >> hold on guys. stop. we can't blame george bush. >> i'm not blaming george burke. if you want to subsidize what the government subsidizes. >> the government subsidizes the oil industry right now. >> eric: we're going to leave it now. julie, you may not realize this cashin in isall about smaller overnment. >> over 40% in taxes. they are subsidized in taxes. >> eric: first the tweet and phone call. white house calling me about the tours and i'll tell you what was said when i picked up the phone, next. ♪ ♪ ♪ ♪ ♪
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♪ ♪ ♪ r.o.c.k. in the u.s.a. >> eric: after i tweeted to reopen the people's house it was the president's secretary jay carney. he explained the president, indeed, okayed the tours to be shut down but the secret serviced was blamed because they were cutting the white house staff. do you buy that? >> no, i don't buy any of the
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white house tour decision. i don't think a lot of people do. "washington post" editorialized it. it's fairly transparent. there are a lot of things they could have cut. this is calculated to make people feel the pain and that is not what the president's job should be. >> eric: feel the pain right up front and center? >> it was totally political. when he got up and spoke and people that sweep the floors and here at the white house and mop the floors are going to lose the jobs because the sequester. in the meantime, he spends $3 million or more to play golf with tiger woods. that is the height of hypocrisy. this guy, mayor bloomberg takes a dollar a year. this president should lead by example. >> mayor bloomberg is worth a billion dollars but i'm more upset about people, nutrition program, no money for baby
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formula. civilians who live in places like texas and virginia around military bases they are losing their jobs. i feel bad for those people. >> eric: let's get t you. >> we said it time, 5 across the board. cut everywhere, don't choose for olitical purposes. >> eric: jonathan? >> this isn't the president's house. to your point this the people's house. the ct that we allow this amount of money so people couldn't go through the white house doors while shuffling hundreds of millions of dollars to muslim brotherhood in egypt gives you a sense where the president's actions are. >> eric: we're going to have leave it there. we are going to thank you to marianne and julie joining us. hundreds of thousands of government workers are getting away with not paying their
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taxes. ♪ ♪ ♪ ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.
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