♪ >> less abou an economireboot and more about putting the boots to republicans. >> sincerely they have a fundamentally fferent vision for america, one that says inequality is both inevitable and just, one that says an unfettered free market without any restraints inevitably produces the best outcome regardless of the pain and uncertainty it holds on ordinary families. i say to these members of congress, i am laying them ideas, but now it is time for you to lay out your ideas. >> can't just be against something. we have to be for something. charles: welcome them everybody.

i'm charles payne in for neil cavuto. all we we have been during the president's talk about the economy. instead of saying he wants to work with republicans, he has be blaming and attacking republicans saying that they are the ones holding a middle-class town. melissa frances on if the president is lookingor the economy to pick up ford is looking to pick a fight. >> she says you cannot be against something, you have to be for something. how about being for the keystone xl pipele costs. the talks about the economy and politicians. why don't we get behind some projects that could actually create jobs. keystone could create 20,000 jobs out of the gate. that is conservative. some people think it is 40,000. half a million barrels of oil per day would wipe t our need to bring in venezuela and south american oil. this is something that could create jobs and lower prices for americans. get behind that charles: cell is feels to me as if you are now for my ideas yyur have any. it is weird.

>> his ideas are contradicting. on the one hand he gives us a obamacare which cares the heck of the small businessmen in the nation degrees 80 percent of the jobs. then he comes back and now he has a jobs plan, but to the public employees to work and to put the trade unions to work. that is not necessarily creating jobs in the middle-class. that is not. in fact, building the private sector. as a we are all about. the private secttr. why are we building that? charles: the idea of building, i think, also applies to politics. down in d.c., the idea of building consensus, building something where both parties can agree. visit the president has consistently on the attacon the attack on the attack. >> well, let's put a little finer point on what you guys are talking about the president does not really say that his opponents have no ideas. he says that his opponents are cynical, politic and motivated and this patotic.

want to do things, he says, that are acly harmful to americans as part of an effort to defeat the president politically. so why don't we have consensus? why don't we have agreement? when you start a disssion impugning the worst, mos tanis modems on your opponent how likely is it the you're going to have any substantive discussion? yoyou are not a patriot, but les talk about the budget. that doesn't happen. charles: you ran for office as republican. how does that make you feel? you inherently as a republican don't like this country. you make poor people. you make the middle-class. only like 01 percent of people the top. >> that's not me. >> he is saying that is the entire party. >> well, that is a very poor definition of the republicans. yes, took us off in a world of 1%. they took us down that road. the majority of republicans did not want to play that kind of ball.

because when you are in the private sector, when you have a day job and you learn the responsibility of not trying to find an excuse and to lay the blame on somebody else, when you learn that you are responsible and that you bring all of your elements of your personality and your ability to bear in order to get by in the prite sector, then you can enter publi -- charles: that is a word, responsible. people talk about redistribution wealth. i'll is in the president's policies is a redistribution of responsibility. and his speech this week was sort of an attack on capitalism a celtic is you cannot control outcomes. if you are down the hall you would probably be me. >> i don't know about that. charles: what i think is so frustrating about the speeches that it was about politics and economics. it was supposed to be about the

economy. bright new ideas on how we would have more jobs. if you want to have more jobs, get out of the way of shale and fracking. that is a way tt make energy cheaper and put those job on parity, make the labor equation -akes sense becausthe energy is cheaper. we can bring some of those jobs back. i talked to see as you do not have trained americans here in the u.s. it would le to partner with local schools and colleges increased the training in need to read what d we promote that, give them tax incentives. there are a thousand ideas out there to create jobs. why are we talking about politics? >> maybe that is just did. when i heard this week was sort of a greatest hits, if you will, snippets from of the speeches we ha heard befor the president could have done this, thathe teleprompter as. amass show. right. the idea of was this really an economic speh, political speech looking to the midterm

electi do you think his real gol was? >> nighter. what it really was, in washington we talk about the outside in game. has been place successfully by presidents of the past. ronald reagan, bill clinton, and gege w. bush. when you go to the public. charles, have an idea. congress is blocking me. i want to do this or that. come with me and help me on stock this out of congress. th president claims that is what he was doing. j kearney and oths said he will go talk to the american @%ople to rally them. what he was really doing was playing the inside out game. he went to other places to turn around and pick a bubble are and say reporters, shame on you. don't cover for the scandals. republicans, shame on you. you people in ameca and poor people. he went to other places t talk to washington. it was not about economics or

manufacturing. is what he thinks washingon ought to be focused on. >> the follow through on those promises. charles: you just made reference. it seems to me that e president feels it can drive a wedge into the republican party. friction between the tea party, the rhinos, the old school guys. i have noticed more and more. is it possible that he can do that? >> you will get away with saying it. charles: and republican has an epiphany. >> the republicans had a nervous breakdown. they are in disarray. they have to get a new identity. they have to start to learn who ey are. they have to engage other constituencies. there is no question about that. and obama will take a advantage of that because that is a way that they think. everything is political. how about doing the right thing for the american people. expandg on our shale and our

l. how about creating more jobs by putting up some tariffs against chinese. charles: i for one just look forward to the speech for we talk about h great we are, for we have come and how we will go. thanks a lot. you're fantastic. tax reform sending a lot like tax hikes. the latest democratic bush to push taxes went up. first, snooping from this guy and going to your e-mail. [ male announcer ] the merced-benz summer event is here. now get the mercedes-benz you've always dreamed of. but hurry...because a good thing like this won't last forever. here you go, honey. thank yo [ male announcer ] see your authorized dealer for an incredible offer on the exhilaratg c250 sport sedan.

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and so too is the summer event. now get an credible offer on the porful c250 sport sed. but hurry before this opportunity.disappears. the mercedes-benz summer event ends july 31st. charles: the president is not calling it anything. the administration really does not have to determine whher the mess in egypt is a government takeover or not. we will just keep sending that country over a billion dollars in aid but. we need to cut the funding. congressman, and i think we have to label s something, and this seems pretty obvious that there was an overthrow the democratically elected governments. >> i think you're right. that is pretty obvio. if we have a proper size government, one living witn

th law on following the constitution this argument to be irrelevant. it would be much easier to say that no one should have any foreign aid and we should not condition it. well, we will send theoney which we have een doing for 30 some years and billions and billions of dollars. this discussion about was it or wasn't it, we're missing the point. we should quit funding these nations and trying to pick the good guys vsus the bad guys because itlways seems to end up badly and we are always switching sides. we put the bar again and dry mouth and get another election and then helped from -- throw him out. i would say this argument, quit giving the money away. charles: i have to say, it feels like there is no gratitude. the more money america gives the country seems like a more animosity that have. >> you cannot buy. besides, we don't have money. we have to borrow it from

somebody or printed. it contributes, you know. but it is a bit arrogant for the president to do what he is doing. we don't havehe system that i woul like. there are rules that he is supposed to follow. under the rules he is supposed to cut off aid. the solution is not going to be, if they do exactly as we what we would give you money. so often our fooeign policy has been that way. i would like to see some day that we have a different foreign policy. charles: a large following. you just touched on something that the president. a sort of sense of arrogance with respect to rules that have been in place. this week we know that holder says she will go after taxes and they're voting system despite the supreme court ruling. we are seeing a trendous amount of arrogance. whether it is an essay, irs. what is going on? is this sometng that always

happens? >> well, it has been happening for a long time. you could add to your list, ideas that the president announced today that he would not go to the congress. congress works too slowly and he will do the funding of all the necessary projects. it is lawlessness. first these programs are unconstitutional. at least they are supposed to pay a little attention to the congress. these executive orders are out of control. i would say it is not unie for this president. beeve me. it is worse than ever before and continues t get worse. it is up to the people and the congress to rein is sen. they could if they wanted to, but theee is not enougbackbar up their terrain in the presidential powers. charles: why would republicans allow this to happen. almighty, they will have that kind of power. why else would they laid out for

this? >> it is inbred in our system. there is complacency. for a long time people did not complain too much because there was enough money to go around. liberals got what they wanted, conservatives got their money to pass out around the world. now they realize we are on the verge of bankruptcy. people still trust us. they know it's coming tan end. this is why people are becoming more partisan. it is a mess. the egg knowledge man and the allowing of our presidents to a use these powers and act on their rounds. it has been around for a long time. charles: absolutely amazing. somebody better draw a line in the sand. d.c. might stir up trouble over there, but it is not afraid to snoop on people here.

new reports, demanding big tech companies handover your passwords. on the same day we are learning that the fbi has been using drone sun u.s. soil. former white house cyber is our, fine line between snooping and security. what is that? >> i think that is one of the things in the post's september 11th or other we have to figure out. a problem as we hear allhe time tha what we're doing is legal, authozed under law. just because it is authorid number one the public does not understand or is going on. just as importantly it does not mean we should do it. that is the thing that we need to start looking at. figure out what we need in the new world of digital economy and then say how do we protect privacy, civil liberties, was a protecting the nation. charles: you talked about the public not being necessarily educated. it seems likeongress, washington, has no clue what is

going on. every time someone tesfies it em like it is a new revelation. are these programs, have they become so powerful that just one person can operate them without accountability to anybody else? >> and i don't think they are that compressed, but there has been a very select member of congress that have heard about these programs for years and know exactly of the work. whatappens is we see the rest of the congress becoming more cognizan of our is being done, where is being done and what powers and the tories are being used. that is not what we voted for. make it even more complicat we talk abo this country. all the other nations in the world that don have the same privacy controls and protections that we have. see what goes on with the rest of the world because e-mails, passwords, everying you talk about, they are universal, all around the worldnot just your. charles: i have to tell you, i have equated this to a digital

form of stop and frisk. everybody in america as a suspect. this is how we are being treated as citizens. all suspected of a crime and actively being invvstigated. >> that's correct. that's one of the things the center for democracy and electronic -- they are saying the same thing. wait a minute. in the digital world wishes to look at things like the fourth amendment, the first amendment, freedom of speech. not automatically figure somebody to sit through everything and see if we confine something wrong with it. charles: this i the big question. is it too big, too powerful, can stop? have we crossed a rubicon? >> i don't think we have. i know from a public perspective we have not done it. we have not agreed to do it. it is important that we have this discussion, not only in congress but on shows like yours to say wait a minute. what exactly is being done, how is it being donend to is it

being done to. there is another nexus. you look at the economic peace. much of the digital technology evolves around the united states. i was in europe a couple of weeks ago. e europeans are saying wait a minute. why do busins with a u. company if we're going to have to worry about data or privacy we will start shiftingusiness to europe and other markets which then affects us not only from a privacy perspective but also a business and economic perspective. charles: i have to tell you, economic, for it to the morality. a whole lot of things. let's not forget the constitution. thanks lot. we appreciate it. you know, i have been getting a lot of amazing reactions to my special last night. a lot of your people seem excited to invest. toda fewer of them are actually investing in our education. find out why more are getting find out why more are getting out of college

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charles: this is what happens when you keep sticking it t students. students ticket back. by not sticking around a new report showing college enrollment fell 2%. high tuition is a major factor. tuition will keep rising as long as theovernment's keep writing cheap loans. this will be a good one. all right. this is all about money. >> well you know what, first of want to give kudos to mets daniels, president of purdue university, former governor of my home state. he froze tuition for two years everyone should follow through. we want to give reasonable loans. they should be reasonable. also the university's need to tighten their belts.

charles: that is a good point. these universities, billion dollar endowment. gigantic campuses. professor sticking a year or two off to read a book. what is this all about? in the meantime they he more and more money. >> believe it or not if you look at the actual statistics, ther is more supply and dand then government. you have of real glut of 3-20- year old people coming in. they were applying to go to college which means more demand, prices go up. let me finish. after 2009 we started to see a cline. so there may be more said this in terms of -- >> zero the facts. here are the real important fas. the administrators are outnumbering faculty by about --

the reason why costs are going up for colleges across the country and gouging the middle class families because these afghan academics think their hotel moguls, real-estate moguls, academics, acting like donald trump mamies the hotels of business. that is the business model. they have seven figur salaries. you know what i say? these colleges are nonprofits. they are not supposed to be acting in their own private interment. demeans you curtail their salary. they should be backing exploding steadman that. they should be guaranteeing it and then you bring that number down. >> you blame government. >> im. >> were talking tuition outping inflation by 600. something average is. >> and al is going to come down. charles: famous last words. how will that come down.

the federal government taking of the student loan business. they pushed everyone out. and then they churn out loans. a look at the numbers of the month. >> we know the federal government mess up everything. is this to be taking over. they cannot handle this. it's bad. the problem is they are not reasonable. something reasonable. a year- solyndra, all the waste. now there is no money left. [inaudibleonversations] >> cash for clunkers. that is what it was. at's how we work into it. here's the problem. student loan debt has tripled. that is a serious problem. it i ranked low. for the first time in the history of the country student -- students are entering colleges. they are exiting colleges in a really rotten job market. the high-schoo education and

engineering. >> way to hide. charles: so many students to take these gigantic lines and don't even get a degree. you want to talk about getting out, what about the degree at all and you are still saddled with debt. there is also an implication that the president laid out pret thick. take the loan. >> we might watch different elections. i didn't quite pick that up. here is the reality. you are absolutely right about the amount of debt. it is pretty grim. >> he also hit the american taxpayer. >> you have to come up with another way because if you take that away we are going to end up with only wealthy people going to college. >> they don't have a problem going to school. is the middle-class

and exactly right. the administrativ cost. they're looking like fat cats. that may bartending school. that's not my business. >> ultimately we are in some sort of agrment. colleges out of control. no accountability. no one ever says anything bad about them. the federal government is enabling them. >> you're absolutely right. the white house did talk about their is a chance he could forgive the debt. that was but a couple of years ago. charles: that was floated this week. >> that's right the backlash against colleges. you saw in rhode island, starting to charge for fire department and, service. if the colleges don't get a clue andix their financial models and stop gouging t american people then they will see it at the local level. charles: we have to leave it there.

talking about your favorite topic. taxesuswent up again. that's not stopping the government from time to take a bigger

charles: california now says it is looking to tap taxpayers for more money forcing private companies to take 3 percent of workers' pay that they will invest it

until they retire. saying that this would be a disaster is great to have you on the show but this is california. of course, it is a disaster be like this stuff. >> i don't understand it is like a time bomb ready to explode and the politicians are acts i again all viewers nationwide need to be as worried as we are about what is ready to happen. w we have a competitor to soal security run by california, a bureaucrat these are the politicians who cannotkeep debt at o the way constantly raiding one fund after another it is fantasy economics. charles: would you say to those of the lower end of

the economic ground? they may need help it is the responsibility of government? >> allowing the employee to have the option to invested in conservative stocks or whenever they want their force is the employee to b able to pay many give them one or 2% from a ridiculous low amount. they cannot keep up with inflation. instead of trying to grow the economy, you have people fleeing california. we have a situation instead of creating the opportunity state but one where i understand except california

is $127 billion in debt. $3 million per individual. the politicians are retirement fund, a $60 billion in debt and they believe they will manage the billions of dollars forked out. this is showing the unions are behind this to scue the debt. charles: so this is a schemm to kill for this money? under ththe guise of low investment like a ponzi scheme >> you got it. lough hall on the surface it is the expansion of the ministates' brother but it is much more than that. the winners are the politicians and bureaucrats

in calpers buthe losers are employees and employers and indivial freedom. charles: it is preliminary and a trial balloonut this will be the latest in greatest of californis. >> and it will be the model nationwide to say look we have this program that will force the employees in what will happen is there will be competitors of social security in all progressive states. charles: my ponzi scheme is better there in your ears. they say i will take money from you don't worry will get backs if they can't guare anything with their trk record. you guys are in trouble but we all are. i appreciate your time. believe better not this

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charles: '03 and clause is way to the top and washington cuts down big oil and we have jonathan hoenig. too much confidence but amazon could be warnings about something else lose the seventh in the last quarter this man not be much better you have been called the of wolverine of economics. is this bad news for the

consumer? >>. [laughter] bad news? charles: good or bad? >> it is good for the stock not too far from the all-time high but they are not resting on their laurels it is the dominant retailerr3 they are reinventing themselves with tom want -- hardware and dominance in the cloud that is why you see the stock do so well. charles: whatabout the consumer? >> it is important to look at the big retailers chasubles point t wal-mart is the vastly better predictor of an amazon. amazon is a very select mix and very difficult -- different. they make the amazon kendall and sell stuff they use that

amazon kindle to shop on amazon there is so many directions a mess usher also thr sales growth is really strong but not s much on the earnings. charles: and the family dollar, the dollar stores is that a red flag? >> because they are not thinking that the consumer will trade down? charles: that is not a great sign of confidence. >> it is time to stop worrying overall and tigers are spending. >> target, a wal-mart, th have been strong in consumer confidence iss the markets of the all-time high not surprising is doing better moving forward. chars: people are not borrowing but whenever they had they spent veteran of that is good or bad for the future.

with tracking looking to regulate fracking will the war on oil ever stop? now going after halliburton. >> wheer oil or natural gas that supports fracking it is a tremendous benefit to the consumers at large. just in theast few years the innovations of fracking have brought prices down 67% that is a huge benefit when the consumers are just trying to make money to feed their families. >> why is a justice department investigating fracking? antitrust plunging prices of gas lead into the investigation what rally bothersme in the wake of the irs targeting scandal

going after opponents of president obama i don't trustther arms of the obama administration not to seek opponents base of the political agenda we know this industry should hates fracking and is against it now the justice departnt is investigating? charles: they have to be very carul because fracking has been the economic godsend. if they mess around with that the only reason we're not an a recession if you take that away we're in a deep recession. >> it is energy production in general. there is so many energy resources available to power this country for word. smith is not the earth that we battle but the regulators that what to make it as difficult as psible. charles: there will not be any manufacturing renaissance about cheap fuel if you control that you control the world.

x box says my man is expected to hit the slop -- break the slump. >> we have had some huge successes anhuge flops in hollywood feels they're coming in to the rescue it cost $120 million to make but lone ranger whitehouse down, pacific rim chlorite pd they costabile seven digit million doars to make in the u.s. gross is under 300 million. charles: but you put your money on cue jackman? >> yes. charles: really action figure you still see. >> i thought trading stocks wes is dangerous but in the movie business it is far more daerous when it to $20 million?

but i think it will do well he has a broad appeal if the old folks remember from their childhood plus the new consumer there's a lot of competition out there for movie dollars i think wolverine will have a great opening weekend. charles: a lot of people say the blockbuster model is dead. >> we ways think the way of business will be invented >> but at the end of the day don't they wt to make profits? >> 1.2 billion dollars. three words. "iron man" three. [laughter] charles: health care loong so bad those who are working on law are trying to avoid to be covered by the same law. my motr made the best toffee in the world.

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>> family doctors bowling about driving prices up a new study says they could go up as much as 20 percent that is the latest bad news for the health care law. thank you for joining th show. i am shocked at some of the numbers this is big a lot of physicians are selling out. >> it is predictive of the two-thirds of the 1 million doctors of 2014 will be salaried working for a health care system so they cannot afford to be in a solo practice so the

structure from the affordable care act is to the gene for repayment so they are starting up and doctors have to join them. >> of course, the ada you will stick with your doctor will change radically and lower prices because economics 101 of last competition there is the higher the prices go. >> theoretically that is to the hell scared never fit into that supply-side economics. it will be precious i am anxious to see what will happen because there will be penalties if the quality goes down and with the accountable care like a decapitated payment if they use it up then that is the end.

they could be shooting emselves in the flood. we will see how that works out. charles: that is the risk they're willing to tak because the alternive would be worse. >> there will not be all lots of fee-for-service it is changing the way reimbursement is and solo practitioners are not making it any more. reimbursement fees coming down and they cannot afford malpractice and running the office. and these accountable care organizations is what it is promoting so you have to be a part of it. in order to get reimbursed. charles: what pele are concerd about is there is a big difference between access to quality health care.

it sounds like there is already the numbers problem it will be worse if we can imagine. >> that is a good point. just because you have health insurance doesn't mean if you have access to care. what we find in masshusetts once the bet was covered there were not enough primary-care doctors that is the problem the affordable care act does noo address there is a predicted shortage of wood pigeon thousand doctors by 2020 on this we ge more primary-care doctors involved it doesn't matter if you have insurance if you cannot fin a doctor to take care of p.o. -- -- take care of you. charles: with the beginning of our political ideology there should be pushed back

and rethought? >> it is already starting to go in motion wh insurance companies are already planning the products people getting insurance theyre being told so it is probably too late to turn back but thereas a former patient to did not get insurance and thenad elvis ising couldn't get insured but for it to work we need a pool of healthy individuals to buy insurance if you only pay the $95 penalty in on jittery first the law that says it doesn't matter if it doesn'make id they did not off see a person paying $400 jusin case tey might ashale pay the $95 penalty once and just wait. charles: that is pure logic and we know that will happen in. we don't know how bad but

there will be some ugly moments without a doubt. we appreciated. senator harry id strikes again telling the republicans there will be no reform unl h gets $1 trillion of tax hikes ...trillion of tax hikes ...

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nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're speci anymore, you need an ally. ally bank. your money needs an ally. charles: wt do tax hikes have to do with tax reform? everything that majority leader says he wants $1 trillion of new revenue as a starting point on the day whe the rich was told to pay up telling a crowd in brazil have to bridge a gap of that have-nots. now we have the latest with the war on the rich. >> 18 carry reid should resign. [applae] >> i love how americans are

castigated when the governme has blown the $1 trillion they have been hitting the middle class very heart they're the worst administration to oversee economic growth inthe great depression. we a service sector jobs at minimum wage. to thank you could take $1 trillion more out of people's pocket that is not the way to go. charles: but the pe that he wants to go through the worst neiborhoods of brazil he was adama about wealth. what do you make about that message? >> ibm not a tholic but i love this guy. >> may i interrupt? >> give $50 right now.

>>'' was i saying? >> i love this pope but catholic businesspeople who made the big fuss about contraception and obamacare how will they deal with this issue have they paid their ow workers? charles: the fact that i am a business owner should put me ia better spot but to talk about the super wealthy that is the position but the fact of the matter is i'm glad we're talking about this because this was debated all year last year what is rich but those to create opportunities for themselves. >> i don't think anyone you are richnd i am for so give the the my. that is not right.

that is not the way that it should be they create the jobs and businesses that it is how they do not just hand over money that doesn't help anybody. >> as a practicing catholic i want to tell the pope listen american taxpayers are payingetween 60 or percent of the federal tax revenues with the most aggressive income tax system this is not about spending wealth but creating wealth you do not do that by taxing >> we have a crisis of selfishness and individualism's year and have to be wealthy to be selfish i t someone sucking up government benefits all day long that is another forum. >> i don't disagree for one second. >> but selfishness is when

you look at people working in the same company earning fi or 600 percent more and no trouble with the fact at person cannot supply a his family with food and have to go on medicaid. that is what he is talking about. >> those people should be paid well. >> they let people work in this business? >>hat is capitalism. >> he is trying to unite this warehouse are some of the most divisive politicianeven reagan and clinton reached across the aasle to get bipartisan agreement it is striking this president nobel peace

prize winner is the most divisive president in recent history. charles: i think bh of you are in the same position they have to recruit more followers and in brazil and 90 percent of the people used to be catholic now is as 67 so you need a hard message but in america what is the president trying to accomplish? it feels like he is rping us apart. >> apparently he could recruit enough dollars to still beresident. you want to throw that out the window for some reason. >> he talks about washington as if it is separate from him. were you talking about? >> those guys sitting in the house of representatives not letting him do his thing. >> every second term president has to deal with dave opposite majority.

>> audience stayed you for your support it has been a fun two weeks a lot of people called and he mailed ♪ >> tom: trying the same thing over and over and getting the same lousy results. why is the president once again going around the country proposing the same exact ideas about the economy he has proposed over and over the last five years? we're talking why are there why are there nau no new ideas right here, right now. thanks for joining us. here at the top of the stack. yes, the economy has been growing but at such a stagnant pace most surveys show people are discouraged about jobs, economy the direction the country is heading. so why is the president