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tv   Cashin In  FOX Business  October 13, 2013 2:30am-3:01am EDT

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>> that esite fo"forbes on fox." thank you for watching. keep it here. the number one business block continues with my buddy eric bolling and "cashin' in." stay tuned. ♪ ♪ it's not onlyglitches crippling the healthcare exchanges. some say the real problem is the shocking premium they find when they get the law gone. is this the final proof that they can't afford the shutdown. d are we shelling out big bucks for the big bird? will we ever slash our debt? you can expand here. how about expanding over there? how the anti-wal-mt crowd may send wal-mart jobs to china. "cashin' in" on the job starts right now. hi, everyone, i'm eric bolling. welcome to "cashin' in." the crew wayne rogers,
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jonathan hoenig, eboni k. williams, michelle fields. remember when the president promised us obamacareouldo this? >> save a typical family average of $2,500 on their healthcare costs in the coming years. save families $2,500 in the coming years. >> this is a tweet from folks who are finding it it's costing them more. three times more. man said he checked out the exchange but the lowt premium is three time what is i'm paying now. we have been warning that this might happen. time to rename it unaffordable care act? >> for many, many people, eric, the premiums a going up substantially. exactly opposite of what the president promised. it's no surprise, really, we were predicting it on this show for wl over a year. where do lower premiums come from? where do the lower price come
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from? man's ability to think not the government willingness to force. that is what obamacare is. it's no healthcare freedom in this country for decades, less and less. obamacare eliminates it colete so just like education you will see costs go up and the quality go down, more and more that obamacare continues to grow. >> unaffordable care. i have a better e. obamacare? how about obama doesn't care? >> the best part of is it when they went out on the street cently and asked people which do you prefer, affordable care or obamacare? people didn't know the difference, they had no idea what people were talking about. you have a bill here 2700 pages long. with all the regulations. there is no way for anybody to understand what it's about. there is no way for people to comply and no way as you sid, this won be cheaper. it wl cost us a bdle before we're through. >> eboni, the cbo, congressional budget office tellus what original was 50 billion, has been $1.8 trillion. as the people, the young people aren't signing up, they
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are finding out the premiums are so high, that number could increase substantially, because if people choose to take the fine or the fee or whatever you want to call it, the tax, instead of signing up, that $1.8 trillion could go higher >> well, that is where we as young people, eric, got be more holistic in our view and approach thisto this thing. yeyes, the premiums are higher for younger, healthier people. i amone of the it looked online as well and saw the price was sticker shock. but look at the big picture here. there is a new day in terms of the standard of healthcare. no long rer people turned away for preexisting conditions. s, that will cost more in short-term. long-term we will be better off. look abig picture here. >> michelle, erboni says young people should be more holistic. should you be more holtic or less holy unsatisfied with the bill, the law? >> well, i think l's talk realistically. what young people will do and what they have been doing is logging on to the website if they're lucky and can do that
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and they have patience. they log on and they see the number they are supposed to pay. they are not paying for it because it will be so much money. there is a reason why the obama administration hast released the number of people whhave successfully signed up for obamacare. that is because body is gning on. obacare relies on young peopleo sign up. if you look at all 50 states the premium go up 260% on average for young people. do you think young people sign up nar and try to take a holist lick approach? gere. they are hot -- histic approach. get real. they are not. >> if we don't do it in the short-term we pay for itn the end anyway. so people who n't have coverage or aren't getng preventative care, they cost us big bucks in the end. you and i both know that. >> let me bring this -- michelle broht something up thats very important. one of two reasons w president bam come and kaleen sebelius the administrator of obamacare don't know how many people signed up. either it's so as michelle points out or so completely incompetent. jonathan, they had four years to get this up and running.
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what is happening? could you predict a bigger failure than what we are seeing? >> even just look at the cost of the website, eric. they believe was estimated to cost $ed 98 million, it cost $600 million for a websitless than one in ten can get on. you will see the cost go up. unfortunately, eboni makes a falschoice. it's a terrible system or government control. why not try a free market in healthcare? try the same success that made companies like amazon and apple able to lower costs and increase the quality? instead we live in the posite direction which is why from every element from the cost to the quality if the government is involved you will see the healthcare get worse and worse. stay on the cost here. cost of families especially. another tweet. i was al for the affordable care act, aka obamacare up until my son's insurance premiums almost doubled and became anythg but affordable. wayne, awe go along, are we going to find out people will
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be dissatisfied wi this. >> not only are they dissatisfied you can't name one federal program that comes in on budget. there no touch thing. the govement is out of control. coercivect. forcing people to thgs. even the supreme court h reach out and call at it tax because theyouldn't make a judgment on the law itself. it's insane. we have abandon this thing and start over. that is the only way i know how to do it. >> i'm not sure they will get it dne. >> they won't get it done i'm suggesting that is what they should do. >> they won't. they will piecemeal this. i have done this so often. the glass seigel act in 199 testified before the congress. i said you will have a recession within ten years. that's what ppened they don't listen. >> michelle, you are young. have you tried to sign on and figure it out? it is worthwhile? what woue e number -- put hit the way. what would be the number that makes you want to rather take
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that, what do they call ? the tax instead of obamacare. >> look, if there is anything above $200, i would take the penalty. a lot of people would say the same thing young people don't even hve jobs right now. if they, do they are not paid that much. they don't wanto spend all the money insurance when young people tento feel as though they are healthy, nothing bad is going toappen this tome. they would rather take the ri than pay the m and subsidize all the unhealthy and the older people. that's what is happening. cost-shifting strategy tt is going to fail. it's unfair to young people. >> john, last word. >> how deceptive as the president to refer to this as an "exchange." exchange implies freedom and making a choice. this is force. coming down to the plan. forcing people touy maternity coverage, to buy mental health coverage is not what thewant but they are forced to buy it to subsidize others who don't want to buy it. that is why the althcare plan is doomed to implode.
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>> i hear what youre saying but in a perfect world we'd all be individually responsible no one would be forced. i agree with you. big bucks for b bird in ddle of a shutdown. maybe it's time to shut that down. ♪ ♪
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♪every day is so wonderful ♪then suddenly ♪it's hard to breathe
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♪now and en i get insecure ♪from all the pain ♪i'm so ashamed would it bok if i sat here? ♪i am beautiful no matter what they say♪ is s serious? ♪i am beautiful no matter what they say♪ what ver! ♪words can'bring me down♪ new irl! ♪words can't bring me down♪ ♪i am beautiful in every single way ♪yes, words can't bring me down.♪ ♪so don't you bring me down today♪ re at the top of the hour. well, this one is for the birds. whilthere is outrage over important bills not paid in
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the shutdown, it turns o uncle sam paid half a billi bucks to the corporation for public broadcasting the home big bird. michellei wouldn't say this ruffles your feathers but this is crazy. big bird? would at be on of the things you made sure got paid? big bird? >> what kills me is that the government was trying to prevent world war ii veterans getting inside their memorial but it comes to their friends at pbshey remain unaffected by the shutwn. what think the administtion is trying to do make thehutdown as painful as possible foth american people. that's what they are trying to do. when it comes to their friends, they make sure they are uaffected. this is what happened with sequestration. the obama administration didn't cutack any salaries orny of his staff. whate did is cut the white house tours for the american people so they can't come vit. this is al politics and it's all trying to make it painful. >> all right. so, wayne, i went to the national mall. and the world war ii memorial was shut down. but there was protest f
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illegal immigrants and immiation. that was open. they had park police there. government picks and chooses ere they want to spend their money. a lot of times it's waistful. >> it's ouageous that he should pick out what he wants and not what the people want. that makes n sense. i read the otr day people who were in the park out in utah wanted to photograph old faithful and the guard sid no, you can't photoaph it. what is that? are we in a fascist country? what is happening here? >> eboni, dana perino brought to "the five" with the mountains but there was a baicade, that big. so people couldn't go through but they can see it. it's crazy. >> no, it is crazy. i'll say, you know, panel here i don't buy in the conspiracy but i don't think pbs should beunded right now. these are preappropriate rated funds alling them to stay up and running and it doesn't feel apropriate. pun intended there.
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i agree with youon that. but we are asking the government to make smart priorities a we know they are not cape to believe do that because they prioritize politics over governing the american peopl this is not surprising to me. >> john,o ahead. >> big bird shouldn't be funded in a closed government, eric, it shouldn't be funded in an open government. what is the role of government? is it to proce chdren's television? wharen't we subsidizing gary ganew as well? fun green groups? of course not, the role is strictly defined. i disagree with wayne. the government's role is not to do what the people want. it solely, supposed to be protecting individual rights. so, the role of government is supposed to be specifically limited. that is what the founders intended. it's not a democracy or majority rule, as alex grayson and others wld have you believe. >> wayne? >> jonathan, the rest of that sentence is the majority rules with the concept of the minority. nobody finishes the sentence. that is the problem. >> john?
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yeah? well, i agree with that. so we senator thinking what about is the role of government? you think about the police, do you think about the military. do you think about the courts the initiatives and th entitlement. ebonti the first segment there is a reason why the entitlements like obamacare weret included the constitution. not because of the founders didn't know what they were talking about but the roles for government. they are not supposed to be had under any system. >> michelle, jonathan points out mething important. as we get bigger, as we vary beyond just the proteing of americans, then you start getting in to some o the other things the entitlement and whatnot and they are blown out of proportion. >> absolutely. look at the government shutdown now. this isn't even a government shutdown. this is so huge. we still have so many programs still running. yet this is considered a shutdown. our founding fathers are probably rolling in their graves and lauing at us we think thisis is a shutdown. this is not. it's because our government is so big right now. >> right. >> 68%f the gernment is
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still going. >> 83%. >> okay. >> the by the way, there is 18 of them since 1978. coming up, they claim to be fighting for better jobs in america. but did the anti-wal-mart protesters just push more jobs out of america?
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did these protesters put more amecan job agait a
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wall? ask wal-mart, they are looking to expand in china. wae, is the anti-wal-ma movement costing american jobs? >> absolely. we know what happened in washington for example, the protest there. the wal-mart was goi t open there. there are places that wal-mart was going to open in chicago outside of jonathan's hometo, they rose against it. they are g going to china and this is an attraction they think they can do more business in china and do it cheaper. they will do it. >> wal-mart are antiunion. they want the low cost services. goods. they bring in places where people would not necessarily be able to have those things. in the rural areas of america. in the american dna. >> create tremendous amount of wealth in the process. china should be happy wal-mart wants to set up shop. residential real estate values se where they build store.
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you people lining up to shot there. people are lining up to work ther toayne's point, ptesters and union folks love to use the government to clamp down on wal-mart but they are clampingown againstpeople achieving their values. they get employment and it's sad that wal-mart gets better treat in the china than the u.s. >> the bggest pushback on wal-mart is the unions because they can't get their grimy hands on wal-mart. where you stand with wal-mart >> look, we can't have it both ways with wal-mart. they are in the business of not necessary doing what is best for americancitizens. they are in the business of making money. they do it well. i'm not big -- >> why are those mutually excluse sniff >> they're mutuall exclusive -- >> go ahead. >> wal-mart has it set it up that way. wal-mart has it set up that y. the concern is not high wages or nice benit packages for employees. like you said and eric pointed out correctly, their concern getting the most money for the
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shareholders at the cheapest return i'm not upset with wal-mart for going to china -- >> that is not exactlyhat i said. michelle, bring you in. i said wal-mart enables people in rural communities to have some of the things that people in the urban communiti have and at a fair price. >> absolutely. they provide so many jobs , provide so much ecomic growth, but you kn, tre are so many liberals and democrats out here who treat them like they are criminals. you can't blame them for wanting to go to china. look what wayne said. ok at d.c. the union bosses push to make the minimum wage higher for wal-mart. only wal-mart. because they want to make it too costly for them to do business here. shouldn't we be promoting and trying to encourage businesses like wal-mart to open and expand why are we trying to move them to china? >> right. talk about this. you are a fe marketeer guy. wal-mart says we ll focus on buying made in the usa. if the companies make stuff overseas they would rather buy from them if they open aplant
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in america. are you okay with that? >> i'm against it. i think the notion of buy american is actually un-american. american companies should buy the lowest quality products at the -- excuse me, the lowest price at highest quality. if they're made overseas that is even better. i allows americs to save money. the resources to be more deployed in more profitable and n productive ways. >> wayne, there -- >> tt doesn't help american jobs. >> wayne, therein es a dilemma of a libertarian like jonathan. you want to be free marketeer but patriotic. where do you stand on this? >> there is a blend there. one of the more interesting facts is that the garment business which was all in the united states at one time moved to china and india a is now beginning to come back. why? because the wages in those countries are rising. they are getting a middle class in those countries. some of thosose obs are going return to the united states. so capital. i as a theory works
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everywhere. >> michelle, i l love mad in the usa. it's just when you want to say total free market, it should find the best price. should it not? >> the patrtic thing is someone provides a service that is good and cheap. giving them more money to keep for themselves. made in usa is great. but i nt a product that is cheap so me and my family have mo money. whatever is cheapest. i agree with jonathan. >> eboni, real quick. last thought. i want jobs come to our company so hard-working americans have opportunity. >> unitly they will come back because in those country you see a waging rising and middle class developing. they will come back to the u.s.. >> wal-mart pledged to buy somewhere in the neighborhood of $50 billion u.s. products. hats off to them as well
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leave it there. thanks to michelle field and eboni k. williams for joining thus week. coming up, debt, deficit and deceit. the president ying he cut the deficit in half. we do the math. you decide.
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time for a quick what do i need to know for next week? this is a disturbing time to be in the market. put in your mattress and sleep on it for a week. >> cash is king. >> right.
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>> john? >> i'm putting money in afririca and the middleast. i'm having success in egypt. the middle east is a metion bui think you canake some money with that mess. m.e.s., a fund that holds middle eastern stocks. >> high risk, high reward. you guys were great th week. that's it for "cost of freedom" blo joining us. but before we go, for th third ti this week i heard the president claim he cut the deficiin half. listen. >> since i took office we cut the deficit in half. >> that claim is as disingenuous as they come. en i a town chocked full of liars, thieves. the last yearunder bush deficit was $159 billion. your first year were $1.3 trilln, $1.3 trilli, $1.3 trillion. in 2013 it is expected to drop to $759 billion. claiming you cut the deficit in half is nothing short of b.s. you t th deficit that you yourself quadrupled and only
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to a level double your predecessor's level. how? demanding the bush tax cut expi and sequestration, which you disagree with. mr. president,e do the math you're the best. have hot coco tonight. see you on monday. the fight in washington is just plain ugly. but will a settlement between the docrats aad the republicans kick the disagreements down the road? will it change anything? we're talking is the fight something destructive or something we really need? right here right now. >> from the fox business headquarters in new york cy "the tom sullivan show." here's your host, tom sullivan. >> here's what have at the t of the stack. we know the atmosphere in washington has drawn more poisonous over the years and the respt for our lawmakers has dropped as a result. but has our governme grown too big and too powerful? is it time tofinally have a showdown over what we want our government to door

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