tv Cashin In FOX Business August 11, 2013 2:30am-3:01am EDT
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>> software. do you like it? >> no. of too stodgy. i wouldn't buy it. >> david: we don't like stodgy here. that's it for "forbes on fox." thank you for watching. have a wonderful weekend. ericbollerric bolling continues with "cashin' in." >> do you remember who got on sarah palin for talking about death panels? now look who says she could be right all. howard dean and growing list of democrats? sarah palin is here with her reaction. and a lawmaker under fire for saying government doesn't have enough of your money. >> we're not broke. there is plenty of money. this is just the government doesn't have it. >> now he is pushing the robin hood tax to get more of your money. we're all over it. forget the government using phone records and e-mails to snoop. now they may be able to use your tv to watch your every move. "cashin' in," watching out for
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you right now. ♪ ♪ >> hi, i'mer reck bolling. the cashing in crew wayne rogers, jonathan hoenig, michelle field and emily tisch. welcome, everybody. you heard him say he wants robin hood tax on investment transactions. jonathan, there is no spending problem, it's all about taxing. >> yeah. we need to -- this is like willie sutton theory of government. go where the money is. money is in trade. trade iswealth creation. i helps civil people interact through trade, not through force, which is what the representative ellison is advocating for. all trade is productive. high frequency trader or ma and pa ket with the etrade account. he is calling for a tax on trade, which is a tax on production. it widens spreads and it makes
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it expensive to buy and sell stocks to borrow money and start a business. sorry, one-tenth of 1% is a big amount of money especially with the fed manipulating interest rate to 0%. >> michelle, why is it always let's raise your taxes and take more money from you? >> it's crazy. the wealth of the nation does not belong to government. we're $16 trillion in debt. the sending is out of control. the idea that we're not broke, that we need to confiscate more of americans' money is crazy. if we did implement the transaction, the robin hood tax, the money is not going to go to bringing down the national debt. it's going to go to propping up more of the social programs, which got us in the mess in the first place. >> wayne, help us out here. this robin hood tax, tax, they want more money, they gofter the wallet. how about spending cuts? >> you are absolutely right, eric. evidence conversation that the guys have starts with the word "need." we need this, we need this to do that. we need this.
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they have no idea. the fact that guy stands up and says the government doesn't have any money, he is pitting g the people against the government. well, the government is the people. this is a country that is built on the fact that we, the people, are part of the government. this guy is thinking that we are somehow opposed to each other. he can dip in the citizens' money. this is outrageous concept. he never read the constitution or the federalist papers. he is moron who doesn't understand that the background of the constitution of the united states is to protect the people from their own government. >> i'm glad you brought that up, wayne. emily, a little later in the sound bite he says the government has the right. the right. he goes on to explain what the government has the right. he includes things like welfare and housing. i don't read that anywhere in my pocket constitution. >> you know, i think what he is getting at is the largeer question of, you know, there has -- we are in a sluggish economic recovery. we are seeing wall street
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going back to some of the predip kind of circumstances. but we're not seeing that on ma street. this is primarily been a joess economic recovery. so you know, whether it's the transaction or whether some part of a largeer packal. i know you discussed raising minimum wage on your show or a largeer packal like that, i do believe he has the right intent the. that we shouldn't be balancing, we shouldn't be bringing the government back to programs we do need and lost because of the sequester. >> let me bring jonathan in. >> emily, i think you're a little disingenuous to argue for more taxes and wealth producers when you work for a non--for-profit entity that doesn't pay taxes. people are trying to encourage growth and great wealth. i got to tell you. i don't know if representative ellison read th constitution. he is a practicing muslim. in the shariah law there is a provision of trading against
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derivative of speculation of any type. so in my opinion you could make an argument this is shariah creep with cracking down on trade and cracking down on derivatives traded and wealth production. >> but let's stay on this, on the robin hood aspect of this. calls this a robin hood tax. trying to make an example of taking from the rich to give to t poor. however, everyone that is being taxed on this isn't rich. there are people who will put money in a 401(k). they will end up paying the price. >> well, you are absolutely right. again, eric, it doesn't mean that in a tax like this, he is a catch-all tax. he is going to try to get little people, big people, anybody, because theyneed, they start with the word "need." we need to do this. if i hear that word again i'm gogoing to throw up. every politician starts "well, we got to do this, we need to do that." well, think about it and go get a jobnstead of leeching off of the public for god's sake. that is all politicians do. that's all theguys do. it may be a wonderful idea in his brain, but as you properly
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said, he never read the constitution. nowhere does it say in the constitution i can go o and tax you for this, that, or the other. >> the right. he mentions the right. michelle, a lot of people are out of work. things are tough. president obama keeps talking about all the jobs he created. get something much better. it doesn't seem like it's getting better. >> it's not getting better at l. it has to do with the fact that our government has this idea that everyone is entitled to a home, everyone is entitled to healthcare. we have don't have the money to pay for that. you are not entitled to a cheap home and healthcare and have this life of julia, where the government takes care of you from cradle to grave. that is what got us in the mess. that kind of nanny state mentality. >> emily, michelle points something out importantly. at the end of the sound bite he says government has the right, the people has the right to housing. is housing the a right? >> these are things we shoul aspire to. going back to the same policy that got us in the economic --
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>> emily, emily, emily, emily, emily. aspiring to is one thing. do people have a rght to housing? is it our job to provide a home for every person in america? >> these are aspirational things that the government should be working to do to help the private sector help all people get in homes. we should working together, a these are aspirationm and things we should be doing. but the fact is going back to the same economic policies that got us in this mess in the first place isn't going to do it. >> that's what got us in the housing bubble. >> the same government policy is government intervention. we're going to more intervention. there are two ways to deal with people through trade, which is what the investors are doing and what representative ellieson wants to tax and through force, which is what taxes are. >> we'll leave it there. >> good discussion. wayne, last thought. >> yeah,831, believe it or not, alexis de tocqueville
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said when the congress understands that they can bribe e the people with their own money, it will mean the end of the republic. >> there you go. way to end the segment. good job, wayne. coming up, democrats, once slamming sarah palin for accusing obamacare of creating death panels. now guess who may be jumping on the death panel bandwagon? >> ahggg!
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them obamacare death panels and she was vilified for it. now four years later, are a growing number of democrats proving her right? like this one? democratic national committee chairman howard dean is worried about the panel set up to decide how much healthcare you and i are entitled to. so is this list of congressional democrats. they want the panel repealed. sarah palin joins us now. in the hot seat with her first reaction. governor, thank you so much. were you surprised when you see the likes of howard deep and other democrats jumping on board saying hey, the governor was right? >> it was a pleasant surprise. i don't think we should condone them for finally trying to jump off e obama train wreck that is coming down the pike here. i appreciate that they acknowledge it. of course there are death panels in there. the important thing to remember is that is just one aspect of this atrocious, unaffordable, cumbersome, burdensome, eel policy of obama's. and that is obamacare. >> eric: what do you think the motive is for coming on to
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the -- to your side saying maybe we should sl down with this law? >> well, it's in black and white in the law. that there will be rationing of healthcare. they couldn't go forever and not acknowledge that or they would look like complete buffoons. they would be deemed incompetent having not read the law to undetand that death panels are a part of this atrocity. it was just a matter of time. the 22 democrats who now acknowledged part of the problem of obamacare. again, as say, they should be thanked and not condemned. and i think that as more and more of our congressmen and women read the law and moref us bring to light more things in the 20,000 pages of rules and regulations accompanying obamacare, more of them will try to jump off the train wreck coming. >> change speeds a little bit here. the white house now in the third week calling scandals fake and phony. governor, anything phony about
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four dead amicans in benghazi or i.r.s. targeting conservative groups? frankly, in the nsa snooping. >> yeah. i'm so disgusted with the mainstream media to have an opportunity to do followup quesons and really pinning down the president and asking him, because as you point out, this is the third week running where he still pooh-poohs the benghazi scandal and the government snooping on u scandals. and nobody is asking him what scandals are you characterizing as being phony? i wish the press would do a better job to pin him down and making him answer to the people whom he is serving. what does he mean when he says that the things that we are so concerned about, he pooh-poohs them and act like it's no big darn deal. >> eric: another topic yesterday. president obama had his first solo press conference in many, many months. take a listen to what he sd about transparency. listen. >> we have to strike the right balance between protecting our security and presevening our
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freedoms. >> eric: so,ore than one founding father said those willing to give up a little bit of security, a little bit of freedom for security deserve neither. your thoughts? >> there is no balance at all in this struggle for security and liberty when we have an illustration going on today with our government having lied about it. our government actually spying on innocent americans. and gathering data on us. based on our communations ich really is a violation of our fourth amendment. there is no balance there at all. that is, that is stomping, trampling, boot on the neck of our liberty. that's not balance. >> eric: i hold this in my pocket all the time, my pocket constitution. the fourth amendment specifically says you have to have probable cause. section 215 of the patriot act says you can't surveil u.s. citizens unless they're contacting someone overseas and you have probable cause
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that they are after, they are involved in some sort of terrorist activity. i think they are blowing this thing out of water. they're shredding this thing again. >> not am that, but the messenger then, he who told us what was going on in that department, is resulting in our finally awareness of government spying on us. that is edward snowden. he is the bad guy in all of this. they want to shoot the messenger, instead of dealing with the problem. the problem is the stampalling on our liberty and trampling onur fourth amendment right. >> eric: at one point, he was asked is, is he going to be a whistle blower now? you called him a traitor in the past and i thought it was an interesting exchange going back and forth. before we run out of time, there has been a riff going back and forth wean senator rand paul and new jersey governor chris christie. where are you on that? rand paul is the true libertarian there. chris christie says maybe he is too libertarian for our good. where do you fall on this?
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>> where am i? i am on team rand. rand paul understands, he gets a whole notion of don't tread on me, government. whereas chris christie is for big government, you know, and trying to go along and get along in so many respects. some people look at him as oh, man, he is a governor that goes rogue. no, he has a shtick going there, where he has a youtube viddographer to be seen as avant guard and going rogue on things, but no. christie is for more government and his record proves that. rand paul with the healthy libertarian streak we need more of in the politicians, team rand paul. >> eric: amen to that, governor. governoralin, thank yo for joining us this morning. >> thank you. it's a pleasure. >> eric: coming up, first, it was phone records, then e-mails. now will the government be watching you from your own tv? why smart tvs might not be
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>> eric: could the government be watching you while you're watching "cashin' in"? you better tune in to this one. hackers reportedly found a way to access built-in cameras in the new smart tvs. of and with the government already snooping through phone records and e-mails, michle, could your tv be next? >> yeah. if you get one of these tvs, eric, you are getting a new roommate, the name is the nsa and you can kiss the fourth amendment goodbye. we kw that companies like microsoft are willing to cooperate with nsa. a new report from reuters came out that said the local law enforcement agencies are taking information surveillance from the nsa and arrests americans because of
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that surveillance. what you're doing is inviting the government in to your home. that to me is dangerous. >> eric: be care waffle y are wearing when y watch tv because they could -- be careful what you are wearing when you watch tv because they coulbe watchining you back. >> this is a terrible thing to ve the government watching you for anything. i want to get the federal government out of all of our lives. however, no one is forcing you to buy that particular television with that camera in it. it's like buying a gun. you know a gun can kill somebody and it might kill you if you own the gun. so you have to be careful. if you buy the television with the camera in it, you are taking that risk. you don't to take that risk. nobody is forcinyou. >> nobody is forcing you, but you buy the tv with the expectation that government isn't going to be surveying you, eating cheetos watching fox news channel. it's scary. why should we trust the government -- >> you do everything with the government and not expecting them to look at you, but they are. >> of course. that is the point. we can't tru them and they lie to congress, lie to the
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american people. eric, continue to fight what i believe is a real unreal war on islam. they are surveying americans and completing blind eye to growing thet overseas. >> eric: emily, on friday, "wall street journal," a week ago, the "wall street journal" ran an article how the f.b.i. can turn on your microphone on your cell phone. they can literally use a hacker technique, they call at it hacker technique and flip the switch and hear what you are saying. who is to say the f.b.i. doesn't want to do the same thing in your home? >> absolutely. right now we live in a world anytime there is technology thats incoming, it can be outgoing. they can turn on video to watch you at home or your phone. hackers have been doing this. they were accessing the bank accounts. we look at the private industry and how much information they have on you. google has much more information and can use it much more effectively than anything the governmencan do. we should be looking holistically at this. president obama did meet last week with tech executives to
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start talking holistically about largeer conversation of data. >> the government is forcing them to give the information up. they have the information but it's the government is asking for it. >> eric: i don't have a problem with the government asking but i have a problem violating the fourth amendment and take it without the probable cause. fourth amendment says probable use. this is a funny one. right now, it's hackers that figured out a way in this thing. my point was well, if the i.r.s.ed mittedly targeted consvatives and we know they're corrupt and they work with the f.b.i., who says they don't all have access to all this stuff? john? >> eric, when there is hackers in systems, companies have a vested interest in cracking down on the hackers. building the most secure, safe area access system and mputer system, and the communication system possible. when government comes they don't hack. they demand and deal by force. internet records or phone records.
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take a look. >> eric: we'll look at that. john, go ahead. >> well, youth unemployment rate in greece is 62%. that's how much the greek stock market is up in the last year. maritime mm, i own capital capitalistpig.com. >> eric: gutsy call. but you have been hot. you're both awesome. great to join us again this week. that's it for the cost of freedom block. before we go, riding aboard the luxurious air force one, $1860,000 per hour. secret service, tens of thousands of tax dollars per day, spending millions of dollars on eight-day martha vineyard extravaganza while millions can't find a job and record number of americans need food stamps to survive. priceless. leadership, priorities, commitment to the count, all things america expects from the commander-in-chief. think about that for a second. 2 have a great weekend, everyone. if you're on martha another vineyard and bump in president
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obama, tell him we said hello. see you on "he five." ♪ ♪ ♪ >> tom: we now know the initial stories about benghazi and rogue cincinnati irs agents and the closing of the 22 embassies. how do i sayt -- they strain credibility. it's one thing to disagree with policy but this is different. can you trust wt our government is saying right here, right now. >> tom: thanks for joining us. here at the top of the stack, about a week ago we learned of a worldwide terrorist alert that resulted in 22 embassies being closed temporarily but since then
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