we will keep reeorting on them. that's our show. thank you for watching. ♪ we're going to be eating more delicious food. >> what did you cut off? >> some sausage and burger, some ribs. a new fight against global warming sparking worries about a w freeze on job creation. president obama launching his latest green initiative. this one clamping down on power companies. businesses and lawmakers are both sides of th aisle calling it a war on coal and on jobs. >> declaring a war on coal is tantamount to declaring a w on jobs. >> i shoul not have to be sitting here as a u.s. senator ghting my own president. it mak no sense to rn our economy inhe most delicate of times. >> the continuation of the war on coal will onlyake matters worse, putting thousands and thousands of americans out of

work. >> are they right? hi, everyone, i'm brenda buttner. this is "bulls & bears." let's get right to it. here they are, the bulls and bears this week, logan d. smith, jerry rightfield along with jerry glazer. larry, will the fight on global warming short-circuit the job market? >> it will raise costs for everyone in th form of higher electricity prices, it will be passed through to all of us. ultimately that will hurt jobs. and it is hypocritical because is essentially going to shut down 300 coal-fired power ants without a comprehensive, long-term energy strategy to replace thos plants and keep electricity flowing in our me that's why it's a problem. that's why it's going to hurt the economy. >> jamu? what do you think? >> we do not have to choose been

the health of our kids and the health of our economy. we know when we banned leaded fuel and we banned things that were bad for our kids, the toys they were playing with, it didn't kill the plastics any, it didn't kill the oil industry. it sound like what larry has said is he has a bad lack of faith in our american companies to innovate. i don't have that lack of faith. i know that smallll business owners and the ceos of walmart, ceo of honeywell, they b believ in a clean energy economy, that we can fix climate change, protect our environmentand have a strong economy. they don't have to be separate. >> well, gary, it's a pretty tepid job market as it is. is something li this really going to stall it? >> it's absolutely going kill us and it's not going to kill any kid as jehmu kind of talks about.

they've been in no vanovatin fo hundreds of years. let me read some of the stats, brenda, and i don't mean to be munde, but there are certn points recently studied o president obama's atck on coal. first of all, whave 500 year of electricity in coal. so just attacking one of the cheapest energy sources we have. but employment falls by 500,000 jobs. manufacturing loses 280,000 jobs. a family of four's annual income drops by $1,000 a year. gdp decreases by 1.47 trillion. brenda, i could go on a on, but i'm sure others will make similar points. attacking this industry, which, by the way, has been innovating in terms of producing clean coal engy is absolutely ludicrous just by the numbers alone. >> well, nas, there is a short term and long term. do you think this is a war on jobs? >> you don ak -- the goal

is not to create jobs. unfortunately, yeah, y hurt job markets sometimes. i will say if we put outhe old coal factory,o to say, with regulations, someone is going to have to bud gas-fired power plants. in theory, it could create jobs, but it is a drag on the economy for them to dictate who is a winner and loser in the power game. it could be done a little better than that. if we just had high taxes, we coulconsume less. and if they offset thatnergy with lowe income taes, that would be good for the job market and re efficient than raising revenue and taxing workers. currently there is no plan to do it that way, so it will be more of a drag on the economy. >> jonas sys there is a possibility it couldreate jobs. but what do you think, is ts a war on jobs? >> yeah, i think it's a war on jobs, and when you don't have a fact-bas argument, you bring up more argument kids are dying, and that's how you go off on an emional

argument. i don't know why the president is doing this right now. maybe it's to try to fulfill his legacy that he would have the oceans recede when he becomes president. but was the senate vote on president clinton to get out of the protocol. there is a reason when president obama first took power, he could get health care passed without one single climate vote, but couldn'tget climate ange. there is not option right now. i would love to never drill oil again. the is not an optionrigh now. this kills the golden goose. >> all right. what do you think about that, jehmu? >> well, first of all, this is going to be a long process with very specific and serious input from industry leads. i listen to the fellows and i think they sound like people back in the 1800s when the steam

engine was goingand they were sitting there saying, well,hat are going to do? we're taking business away from horse farmers. come on, guys. we have the abilityo innovate, we have the ability to create new, better jobs from a clean energy economy. >>brenda, can i address that? >> yes, you certainly can. go ahead. >> the president back then was not attacking the steam engine industry. thesteam engine industry slowly went out of business because of innovation. look, if there was something better out there that was cheaper, believe me, entrepreneurs would have effectively put coal out of business and we wouldn't need the presint or congre to put coal out of business. let it evolve on it own. >> hold on, guys. i got to let larry get in there.

when we talk about a lack of long term energy strategy, domestic energy is part of the solution, not partf the proble this is nothing about coal. this is about the railroads, the transport of coal. this is about all the jobs created in trucking and. it we haven't had a long-term energy plan for 35 years, and we know energy independence is right around the corner. it's finally within o sights. we need to open our eyes to it rather than fund special projects that have no return on investment and have yet to produce the bs that the energy industry produces in this country. john? >> i think this administration would love to take us back to the horse and buggy. look, candidate obama in 2008 says he wants to put such a heavy punitive tax on coal plants that we wil never build another one. his own climate adviser this week came out and said, yes, a

war on coal is exactly what we need. but you have to understand that gets us to thatlternative energy future. windmills are great, solar power is great. it'sot enough to power our country right now. >> if this was 1976,ou would be saying the same thing about catalytic converters on cars. that was a burden on the consumer, they had to pay for it, yet our cities are clean. and ifou go to mexico cityn the summer, it's not like that, or beijing. there are some benefits beyond jobs to making your environment better. >> thanks, guys. that's got to be the last word. more war of words over who the irs was targeting. why, then, is the irs tagging anyone at all? that's at the bottom of the h r

hour. they're cheering for the passing of the immigration bill, but you won't be when you see the pork packed inde it. back to "bulls &

bears." for the latest headlines, log onto foxnews.com. here we go again. the senate paing its immigration reform bill chock

full of porkulous goodies that have nothing to do with securing the border but all to do with winning votes. like 100 million for tourism that will help las vegas casinos. and something they're calling the hog kickback that will help the food proceors. are these kickbacks kicking us more in debt? >> yes, it's a character flaw. this is how you get a bill passed. you tell someone, i want a bill passed. okay, if you give me something for my fish hatchryn alaska, i will give you a bill. you use that money to put a fence around your neighbors, your neighbors may like that, but that i illegal. there is no difference with what these guys are doing in congress. this is stealing from the

american people. i don't think if it's legal. you need to make it illegal. >> a lot of pork in there, jehmu. >> i slightly agree with john, yes, there is wasful spending in this bill. does it take away from the enormous economic impact that immigration reform is going to have on our economy? not at all. does it secure our borders? absolutely. and while securing the borders, doubling the border patrol. hey, that's jobs. adding 750 miles of fencing on the border,ore js. but more importantly, immigrants fuel our economy. bringing these 11ilon workers out of the shadows into the economy is going to be inedle for o gdp. they're forecast, but it's going to increase gdp up to 2 that's something that the wasteful spending inthere, i can say, ay, that's how congress works. sometimes you can't always get what you want, but if you try

sometimes, you just mightfind you get what you need. >> gary buso, jehmu says the benefits, and the cost is not all that great in the pork. what do you say? >> i would argue, brenda, this is the ultimate lose-lose. forget how you feel about immigration, the fact is nobody has read the bill. so anyone like jehmu or me wo is saying here a the negatives, it doesn't matter because nobody read the ill. >> not true. >> you read the whole bill, jehmu? i doubt it. i won't put you on the spo though, maybe you d. but the point is nobody in the senate read the bill before they passed it. as far as some of the benefits, the bulkf the border ants aren't even supposed to be gher since 2021. the wall can be not put up by authorization of secretary

napolitano. as far as the cost,we don't know. brenda, there was $1.5 billion fo stimulus. we don't know how much is in there. the wholepoint, it's another pork-laden thing. we don't know if it'soing to work or not work. it probably won't work, like obamacare, now that we're finding that out. why don't we trash it and save a lo of money. >> john, isn't it a lot of money? >> unfortunately, that's how things get done, so we almost have to ignore thateople have to k each other before they get it passed. unfortunately, in this case, and i'm not mad at the poo this just seems like we're using technology from 3,000 years ago. today we have all kinds of ways to let people know, an i.d.,

there's got to be another high ch way than literal having an army at the borderf the ll. that's how you would do it 50 years ago. and not only are. >> let's get back to the pig rather than the pork. you said it should be illegal? >> yes, it should be illegal. it's like a clep to maniac and he just ends up here. this is not pork. thiss a character flaw within cocongress. if i'm not going to vote for a bill, they gave me something sfor local skon stit went. u fuse to accept it.

this is less about reform, this is about immigration spending our tax dollars. we are so far removed from immigration reform onere that it shows that $36 million of spending. snatwill vote for anything when they give their money. your fourth of july plans wi likely fry your wallets this week. while the government says price his are not a problem, you may say otherwise. >> you he to showup

as you gas up the grill for fourth of july, prepare to get grilled at the checkout aisle. food prices on the rise, and that's getting a rise out of consumers. >> i can't afford some of those things because of the food costs so i may not have those things available. i may have a rty or something on the fourth of july. >> people are a little more conscious when they go to the market and look for sales a little bit. >> it's costly. i budget about $300 a week. >> people having parties are looking for bargains and sales. >> look at a cheese burger, bun, meat, cheese, ketchup, tomato, all u but larry, according to the government, we don't have an ination problem. >> brenda, the high price of

chicken wings is not what we need to squawk about, it's all around us in education. it's everywhere except wages now. >> inflation or no? >> there is probably some inflatn in the food area, but customers have so many options and alternatives and ways to save that they are easily able to comb it. >> inflation in food? yes or no, do we have it? >> we do have it. and is there a better reason to look at stagnated wages and the fact that ceos make three times more than their counterparts? and the drought another reason for inflation change. >> inflation or no? >> come on, jehmu, talk about the facts, please. corned beef and gas are down. yes, it hurts. >> inflationr not, yes or no? >> all inflation is tanked this ar. as you fire up those grills

for your barbec, we're holding these guys' feet to the fire. we've got their best and worst calls forhe first half of the

it's the most fair and balanced way to make money on tv, our gang's best and worst calls so far in 2013 and how you can still profit from them right now on the half-year scoreboard. we do the bad and good here on

"bulls & brs" starting with the bad and finishing with the worst or something like that. john, you're first. in march you said spdr gold shares would be like fool's gold. will it rebound or is it time to run? >> i thought gold would be a safe haven. i think it stil is. it's one of the safest place to put your money besides the new york stock market. i think it will rebound. >> so far apple is a rotten app apple, down near 25%. are you standing by it? >> i just bought some thursday, so i'm definitely standing by it. for the worst call in 2013, jonas, you said veriphone systems is where it's at. since then 's down 27%. still a believer? >> i was surprised becauseit's not risky a business moldel, bu i woulstick with it. >> now to the best part, the fun pa. you said krispy kreme doughnuts

would sweeten up 25% during a year. so far it's already up 33%. more dough to come? >> they had a bad marketing strategy initially. i think th got that straightened out. i ill like krispy kreme. >>on to number 2. jonas, your stock to own in 2013 was i, robot. you said you would clean up big, and boy, were you riright. it's already up 112% in six months. do you still like it? >> i do still like i, robot. i think they may take it higher. >> you said in january netflix would deliver big this year and it did deliver. the stock is up neay 113% already. hang onto it or sw out for a different name? >> i see james' i,i, robot and pu my netflix along with it.

i love it. >> you only get that fair kick in the butt right here. >> all good sports. okay, now, how many times have i said i here, right? we're not red o blue, we're just green her you're money, who is spending it, who is waing it. imagine my shock when i discovered this week the irs is copying us but in reverse. because while we are practicing what we are preaching, the tax man is preaching but he's not practicing. that's not fai that's not balanced, that's nuts, and i'm not a lawyer, but i also think that's illegal. an invitation might be the most serious form of flattery,