tv Cashin In FOX Business January 26, 2014 2:30am-3:01am EST
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>> i do. >> good or bad? >> i like it. >> have a great weekend, everybody. keep it right here. the number one business block continues with eric bollingand " oh, what a tangled web we weave when first we practice to deceive. >> you will be able to keep your healthcare plan, keep your doctor. >> we don't have a domestic spying program. >> with more promises expected athis tuesday's "state of the union" address. critics asking if the past makes it impossible to trust y new presidential pledges. plus - >> this is about freedom of speech. >> a film festival telling fracking filmmakers to frac off. why the out-of-control tactics could cost you. controversy before the super bowl. the nfl doesn't pay a dime in xes.
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why you should be cheering for the league. "cashin' in," the show you can trust starts now. hi, everybody. i'm eric bolling. welcome to "cashin' in." the crew this week, welcome, everybody. you heard a few examples of president o's broken promises. tuesday, the president will deliveris fifth "state of the union" address. we learned he will focus on income inequality. before he makes any new pledges remember wn he promised this -- >> we can settle for a country where a few people do really, really well. everyby else struggles to getby. or we can rtore an economy where everybody gets a fair shot. everybody does their fair share. t's see how it's working out five years in the grand redistribution plan.
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before he took office, the income gap was15,000 but now it's jumped to over $170,000. guess what is happening here? the income gap is growing under president obama. >> no one is going to tune in to the "state of the union" addresbecause they are tired of the broken promises. americans would rather watch grass growhan listen to another speech from obama. his greatest achievement for the presidency was obamacare and it ended up being a lie, a fraud. people are tired of it. that's why if you look at the polls, since november he has dropped eight pointsith the american people when it comes to trustworthiness and honesty. because they know he is just filled with broken promises. it's a bunch of rhetoric. >> what about that? can you trust anything that the president, the promises that he is going to make tuesday night at the "state of the union"? no-bama. no.
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he is trying to redtribute wealth take money from people trying to take money from the economy. these are the things that we need to change fundamentally the direction that this administration is going. we are stuck with it for the next few days but hopefully congress can do something to stop crazy he has -- stop the ideas he has. >> how do you explain a president promising to shrink income inequality gap but after five years of trillions of dollars it's become wider under president obama. how do you explain that? >> income inequality has been growing for four decades. i'm glad we're saying the two words on this show. it is important to be focusing on it. so that is wha the president is doing talking about it, bringing it to the nation's attention. the fact that productivity is
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up, the stock market has bounced back. you know, our percentage growth, g.d.p. is off the charts. yes, we have -- >> jehmle -- >> this not trickle down to workers. >> hold on. >> we spent $2.8 trillion in five years trying to fix income inequity. going in the wrong direction. >> wayne, is this a failed redistribution plan? >> first, it's a b idea to try to make everybodyequal. equality is the opposite of freedom. you heard me say many times on the show, equality, aericans are enamored with equality instead of freedom. the fact of the matter is the president can't fix it, because the economics that he is oposing is not going to fix it. we have to get to a free market system. that is the way you raise
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income. we have talk about this aeek ago. the three bottom nations in the world, in this area are cuba, north korea, and zimbabwe. why? they're totalitarian governments. there is no freedom. that's why. we have to have freedom in economy and a free economy if you go to raise everybody's leve >> specifically, the part i'm concernedded with if we look at the graphic again theop five percent income is growing. that is good. the economy is growing. g.d.p. is growing. the stock market is up. that's great. the problem with all the money we have spent, k.g., the bottom 5% isn't going up slower. it's actually turned down. >> how does he explain that or justify it? how many other previous presidents will he try to lay that carpet under. give me a break. there is no personal accountability with him or the administration. i haven't heard refreshing ideas that make any sense within any practical business model. in fact, quite a pop is it. so that should be alarming. there was a different president from a different
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party in office right now they would be seaming and rting over those numbers you jus stated. >> i'm goingo move on. we don't have a ton of time in this. i want to move on to the oth topithat president is likely, he is expected to speak about. that is his signature healthcare law. now president obama, remember he promised this? >> what i pledge to do a a candidate and save a typical family average of $2,500 on the healthcare cost in the coming years. >> guess what? that is not working out either. studies show families are paying more for premiums like $2,500 more so come call that he says -- comical that you will save $2,500 as a family. now we find that same number is right but in the wrong direction. >> another broken promise. we saw people with ton of cancellation letters. then we start to see people
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with the employer insurance canceled. we saw target,rader joe's. that's the next group. this is terrible. why do people want to listen to this? if you are a democrat why tune in to the "state of the unio to listen to a guy who promised you everything who made liberalism look stupid if you are a republican why do you tune in to listen to this guy blame you for problems he created? people are tuning out. >> what do you expect to hear tuesday night? anything that you might say hey, that might work? >> i expect him to yet again call on congress to act on some of his proposals. with all due respect, kimberly saying that congress should make sure they are blocking everything that he is doing, that is exactly why he can't get progress on the income inequality. that's why the problems --
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>> he thinks democrats controlled congress the first two years. they didn't do anything. >> our founding fathers did not create -- >> [ overtalk ] >> we have to have participation, we have to have compromise. >> wayne, is there anything specific you are looking to hear? anything you say that will convince you that in the next year or two or three until he finishes the second term is going to be any better than the last five? >> he might but i don't expect him to, no. i'm interested. he is a terrific speaker. he is able to say things like and you, if you like your doctor you will be able to keep him. if you like your healthcare plan, you are going to be able to keep it. period. he is able to -- i think he is a remarkable speaker. a remarkable guy. it's very entertaining. so i'm going to look at it. i want to hear it. do i think there is an ounce of truth in it?
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maybe he wants to. maybe he is trying. i don't know. a guy who thinks he can accomplish all of this and he can't. >> we'll leave it there. good discussion, everybody. coming up, sent packing for being pro-fracking. the conservative movie maker says his work is censored by the green agenda and it could cost all of us green. >> this is about freedom of speech. th is about quashing an alternative point of view. they don't like the opinion of the film festivals.
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these people are campaigning against fracking for natural gas. i'm a journalist and i want to find out if they're telling the truth. what could possibly go wrong? >> do you think it's appropriate? >> hey, hey, hey. >> this is [bleep]. i'm s stick and tire of this. >> i am armed. i will tell you that. >> pick your fracking movie. th pro-fracking dock men tear accusing a minnesota film festival of a political bias after the festival canced a screening of his movie. k.g., is this another example of the left trying to silence the right? >> unfortunately, eric, it is. this is no surprise to me. knowing a lot of people in hollywood, filmmakers, producers, directors, actors.
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they have no time for this. they have no shame about overtly just saying we're going to cut this film out. this isn't going to happen. it's not their p.o.b. not their point of view, not their ideology. they don't want the information out there, because it might educate people, people who watch fo new that know the truth. >> the film festival said no to the pro-fracking movie and yes to anti-fracking movie. >> well, you know, i have to defend hollywood here. this is not a hollywood film festival. this is a film festival taking place somewhere else as you know. so it doesn't have to do with hollywood people mixed up in this. >> entertainment, it's a film. >> what? >> it's entertainment. it's a film. this is something produced by the entertainment industry. >> listen, sweetheart, you can make a fm, i can make a film, anody can make a film. that doesn't have anything to do with it. i doesn't mean that these people are hollywood people. that's the point. if it's an anti-fracking film
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and you have people for fracking or anti-fracking, the fact of the matter is the people who conduct the film festival are the people out o line. they don't want that. they are politically against it. that is what is wrong with it. the fact, whether you're debating, the pro part of the or the antipart of fracking is not important here. it's a question of free speech. >> okay. all right. >> it's not a question of free speech. it totally isn't. >> go to michelle. it's pro/anti-fracking because they made a distinction. >> this is a free spch issue. this festival is subsidized by taxpayers. they got $60,000 from taayers. it's clearly a violation of free speech. if they are getting money from and they are deciding which political agenda they want to put out there, that is what they're doing. they are endorsing a point of view and censoring another point of view. you don't ink that is censorship you don't think it's a
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violation of free speech? >> where do you fall on this? >> michelle should get a dictionary and look up what free speech is. but let's look at the facts here. we are talking about a private company that made a decisn and we're saying that -- >> it's paid for by taxpayers >> let me finish. let me finish. this is a bough and paid for commercial by the energy industry and t director lied about it -- >> no, no, no, no. >> he said it's not the case but itbsolutely was. let me finish rate they a private company and can do whatever they please. this is the united states of amera. >> you need e facts before you come on television. >> you need to learn the facts. >> is not censorship en it's a private company making a decision, michelle. >> all right, listen up, listen. this what i want to do to break this up a little bit. stop for a second. look at this anti-fracking, a little piece of that movie.
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watch. >> whoa! >> all right. now k.g., i'm not -- >> sensaonal. >> exactly. that was the movie. we'll highlight your movie at our film festival. >> they are making selective choices to further political ideoit's obvious. that is what is going on. it's not even a questionable case. they said anti-fracking, buddy, you're in. pro-fracking, bye-bye. >> we need to make a good point. quickly, wayne, if you don't mind. quickly, fracking is what is saving this country. there is a lot of petroleum jobs coming here. we're becoming more self-sufficient in oil and natural gas. it's a good thing. hollyweirdos. >> once again, eric, it's not hollyweirdos as you would say. but the fact of the matter is yes, it's helping us enormously and helping us
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enormously with the oil supply. >> it's helping us? >> excuse me. i was talking here. i think. it allowss not to be dependent on the middle eastern oil. that is the best part of this. >> we got to leave it there. we need more time, guys. coming up, forget the super bowl. this is the big story. the nfl now getting bashed for pang no taxes. but is this actually a
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but before you throw a pnalty flag, shouldn't all businesses be taxless? wayne, you agree? >> the nflhould not pay taxes because you are talk about the administrative part of the nfl. the teams themselves pay taxes. they pay over $10 billion worth of taxes every year. that is the teams themselves. boy, that is not chopped liver. you find somebody else not paying $10 billion worth of taxes. i'll tell you. >> michelle, ask you this. i'm trying to figure this out. tom coburn, the republican senator from oklahoma says the nfl should pay tax. what do you think of that? >> he is absolutely wrong. it's really difficult for me to get outraged by the fact that someone isn't paying more money to got. it's gooto have money in the hands of ordinary people rather than a government bureaucrat. like wayne said, the individual franchis pay taxes. they pay taxes on all the per per -- merchandise. the administrative arm isn't paying taxes. i don't think it's a bad
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thing. >> throw you a bone here. the commissioner of the nfl roger goodell, guess how much he made last year? $29 million. i'm sure he will pay taxes on that, though. >> the top five executives made around $60 million. they spent $12.7 million on lobbying. their overall revenue is $9 billion. i have been saying this on this show since last summer, when the i.r.s. scandal, supposed scandal came up that the nfl as a non-profit organization. that is what people should be up in arms about. this company is the most lucrative sports company in the world. >> people should be up in arms about the debt. >> i want to bring k.g. in here. early in the show, wayne said that lten, sweetheart, so i'm going ask you. way is a part owner of the oakland a's.
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major leue baseball. >> let the investigation begin. >> major league baseball decided not go for the 501c3 organization of the federal taxes. throw it back to wayne. >> so, sweet daddy, what do you say about that with the tax of your organization? huh? >> we all pay taxes. the fact that theopoly group does not pay tax -- t administrative group does not pay taxes has nothing to do with it. they are paying taxes on their income. that is what they are supposed to do? >> why didn't the mlb do the same thing. they were the 501c3 for a while. they had the exemption and they threw the towel in on that. why? >> by the way, the football league is the only one who does this. >> i'm trying to figure out why. michelle, i agree with you here on this one. everyone should be 501c3 organization. >> if i could make myself a 501c3 organization, i would. wouldn't you rather wayne have
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the money, more of his money than a random bureaucrat at the e.p.a.? >> exactly. you are the 501c3 organization. we got to leave it there. >>'m all for it. >> we'll say thank you to kimberly, michelle and jemle. coming up, bieber busted but the businesses are still feeling the fever. big companies sticking by the big pop star. is that right or wrong? ♪ ♪
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what do i need to know for next week. wayne, sweetheart? >> eric, look at the smith and weson. a great chart. i own it in my own portfolio. it's trading around $12 a share. take a look at that one. >> sweetheart from being earlier in the show. bang-bang, thank you, wayne. it for the cost of freedom block. thank you for joining us. before we go, we have been bombarded with justin bieber headlines all week. he was arrested for dui, speeding no license, et cetera. did you know he earned $58 million last year? a huge chunk of the change came from the hock sneakers, headphones, makeup and the acne cream. he got good news.
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adidas announced they will stay with bber. don't hate it, after all it's the free market right to choose who they endorse. we report, you dece. have a great w you can watch anyone else and just never get it. >> tonight judge andrew napolitano, john stausel, greg, and a man-packed party town. what more could a girl want? well, maybe a 15-pound baby, a world-class ass and for kanye to leave the country, but don't worry, we'll have all that a little later on in the show. strap on your goggles. it's raining men. it's the independence. >> hi there. along are reason magazine, editor in chief, the men who put pencil to paper and tells ople what to think. his name is matt welch, and that pen means business. from
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