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tv   Stossel  FOX Business  January 28, 2014 11:00pm-12:01am EST

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congress is beaten down even more. as the markets continue to bounce back it is a reminder that do not assume the issues you think will dominate will always dominate. we are all over that tomorrow. that is it for business tonight. >> and other states of the union obama said like all presidents he will fix this. >> a second american revolution. >> we will reverse the course of climate change. >> reverse it. >> esp key and they all promise free stuff. this politician does not. >> the notion of free. >> he joins us and other defenders of liberty like politicians giving our monday -- monday.
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♪ >> what is the state of a reunion? we are in deep trouble. that is our show. tonight. [applause] john: we just watched the state of the union together and was inspired by the president's speech? nobody? who was is ticked off? typical stossel libertarian audience the first let's hear from our all-star panel that includes one former candidate that i say should have won four of her new
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mexico governor jerry johnson, also had to leave dan charles from "national review." you hear anything? >> bigger and bigger and bigger government and an overriding theme tonight that he will do with executive orders. little scary. john: let's make this a year of action that is what most americans want for all levels in each chamber to focus on their lives. i fear of them focusing on me on what to be left alone. >> in the past we had a balance of power we had to have legislation to accomplish what he wanted to do for us by now with the executive order so that is a little scary. >> you would think he would want to expand executive power quietly and secretly
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but he blamed the tells us i will bypass your representatives in congress than the representative stand-up and tear it does not make sense there is no checks and balances stannic he came to the chamber and said the whole chamber was united for the country that is the creepy thing to say but it exists because we disagree. it is bizarre for the executive to stand in front of elected people to pretend everybody agrees. john: he wants them to but what struck me is that he takes credit for anything good that happens even if it is not good. jobs, he takes credit for that. he said i'd made job creation happened spinet the
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lowest unemployment rate in over five years covered rebound in housing market, manufacturing sector adding jobs for the first time since the 1990's, more oil produced at home, a deficit cut by more than half. john: only because he had a blowout of the stimulus that was over. he didn't do anything. he said i am the president might create all good things finnicky takes created on dash credit for everything good believes republicans for everything bad. we will be strapped because he will do things administratively he has not done in the past that will result in a lot more government spending and intrusion. john: this is the slowest recovery after a recession.
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we have a chart that shows the of the reason the unemployment rate is not higher because people have given up but he says the lowest unemployment rate. the manufacturing sector is adding jobs. >> later in his speech he acknowledges to of many americans are still out of work. which is it? a recovery or leaving americans behind? john: and people are making a lot harder to hire people. >> he mentioned oil but that oil boom he has done everything he can to stop that of public land and said he would continue the yet took credit for their private land. john: does he know he is a hypocrite? you cannot psychoanalyze the
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man. >> case said health insurance would not rise in price in my premiums tripled. i do not believe him. at the end of the day it is growing government making government more and more intrusive. john: you touched on the executive orders that has been in the news. he does not keep it secret. the spokesman jay carney said the president will bypass congress where necessary. look at this headline obama plans to give congress a stay. i thought congress passes the laws and the president is to make sure they are properly executed? >> what we see here looking and other data that points out 60 percent of americans say the government has too
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much power i wonder what change this economy struggle and obamacare fall apart of a lot of history which we cannot explain in words americans will see with their own experience big government is not the answer john: 66%? >> 60% say it has to much power. it is increasing more agree with u obama i saved grain but i should say presidency because he addresses us as subjects. john: with this executive order idea he says i can do them by executive order but a few months ago he said he could not talking about immigration hecklers gave him a hard time. >> if in fact, i could solve all the problems without
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passing laws in congress then i would do so but we are a nation of laws senate that was a perfect example of the executive order the federal minimum wage jay carney literally said in december he thought it was the role of congress not the president but now it has magically change know the president can do it. they make it up as they go along. >> while the $10.10 he could have went straight at $75. john: why $10 and $0.10? >> but the clear there is a difference he can pay the under him whenever he wants. just raising some people self the approval of their
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employers or congress. >> i will issue an executive order requiring federal contractors to pay their employees a fair wage of at least $10.10 per hour. john: i don't know he is violating the constitution he is part of the executive branch. >> he is because he is allowed to set the new contract rules they he is violating separation of powers if congress were as jealous of its liberties as they should be they should've all stood up and shouted know you will lot. john: even "the washington post" headline we will allow them to participate but congress has been beaten down. >> 2.0 the fact executive orders don't last. the only things that last is legislation passed by congress so good or bad
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these executive decisions will go away when he leaves office. john: unless the next president believes in them. >> that happens constantly. john: income inequality? >> when the president said he will raise the minimum wage for federal workers want a good thing is that the federal government does not have to worry about the bottom line. we did not hear about deficits despite the fact he cut them in half but in the private sector purees wages you still have to worry about the bottom line if it was deficit neutral we would see federal jobs degreasing. john: he said in a quality has deepened. it has because the rich got richer when the stock market with a stepped-up war has done worse but upward mobility has stalled. there is no evidence. 10% of the people the children of the poorest or
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in the top income bracket 30 years later. >> he always talks about jobs a andrew of budget procurers and job creation in those who create jobs for us to be successful we have to get a job as opposed to making a moral and jobs. >> there is not a ideal or equilibrium of no to people that should be billable to the other we do what some central mobility that shows we're taking advantage of the freedom of manifest destiny but we should be aware of ways the federal government can be the enemy like to obamacare. repassing people whose hours have been decreased to part-time jobs they prefer to be in full-time work but because of the compliance they now work part-time jobs john: he gives the example of the poor woman who was
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helped by obamacare it is moving. >> you will always find somebody who is helped but overall is a good for america? one of the most important is what it has done for american liberty or government as well as practical it is a disaster. >> talk about student loans loans, a 10% of your income goes to repay your student loan that means students will not go to work. john: when we return say one good thing. you must have heard one think that you liked and the absolute most propulsive horrible freedom killing thing. you to. please tweet me use the #to
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john: we are back with our
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all-star panel former presidential candidate gary johnson, hadley and charles charles, you first something in the speech that you liked ? >> i phage devil en the people of broad laying face down racial make a virtue of what they have done. >> i agree i liked the of wind it is you our citizens to make the state of our union strong. i agree with that i don't believe the president's policies reflect that but i like that. >> to paraphrase he said our military intervention because a rise in terrorism we have hundreds of millions of enemies that arguably would not exist but for military intervention. [applause] john: what did you hate the
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most? >> he implied or taking government credit for our gross technological innovations. they took credit for past innovations in the blind in the future government will lead which is followed a. >> i hated to save campaign to tell women as a victim class cough clap. john: he will that the women are victims this is the reliable what it makes people angry. >> would it make up half of the workforce but they still make $0.77 for every dollar of man does. that's a news wrong and in 2014 is an embarrassment. equal pay for equal work.
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john: you are getting ripped off. >> by would-be if i were getting ripped off but this $0.70 statistic anybody who wants to seriously half of discussion of gender wage disparity does not use that number any more. we have figured out because of educational choice is different hours worked different choices in a different circumstances where did behave differently that is drive the disparity [applause] >> he indulged in one of my pet peeves that a legitimate argument over the size of government people disagree then he said but we should do what i want any way. that is a typical obama atrek it is funny but at the same time it is not because people disagree but they
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push that under the carpet. john: address the pre-k it is very. >> that is the oxymoron. we should bring free markets to education the education model he is not talking about the khan al qaeda -- academy instead he should talk about abolishing federal education [applause] >> besides the criticism of its cost it is for those who want diverse options when we have a prepaid government run preschool that undermines the competition among various day cares
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montessori schools we have a variety of options there -- they may be expensive. john: what about the board? to make the best way to reduce prices the competitive markets for health care and education the more government regulation is competition does not serve to meet that [applause] >> pre-k i don't want anything to do with the government at all. with the municipalities and towns that the president would make a promise to about 40 votes would be educated. john: you compared him to king james the second? train wreck there has been a 500 year fight in my country in this country what the government should do and what level should do it and what congress and the president gets to do and
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today he stood on the cavalier side know you are for be and he needs to realize his job is limited to have nothing to do with the education of for year-old. [applause] john: thank you. after the break we will learn more about the president's cronies..3 >> i am out of five dash under water i need a bailout. john: and my state of the union address. later. this is the quicksilver cash back card from capital one.
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john: listing to the president talk about public investment the biggest in to union speech doesn't get power and money to certain people he said meyer administration has made more loans to small business. we partnered ith business but in other words his bureaucrats gave money to certain businesses in and often they are cronies of the powerful to create a greek energy like when he gave money they gave him monday just like solyndra. know there is the new popular video. >> i need a bailout. i am under water. ♪ john: the cronies they are
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connected. what does this have to do with the president and his policy is? >> has to do with every president because government concentrates power agent creates a bull's-eye to the politically connected to grab a hold and partner up. john: you make this video and also the action figures to illustrate. >> this is bancorp the profit he can make use of the discount window. john: connections to the fed and treasury. >> he is captain corn he can start for children in the
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third world. john: and the ethanol subsidies? >> nobody thinks ethanol is a good idea except the federal government. john: this is fbnstossel like big government he is red and blue. >> 54 ears captures the cronies power comes into flavors like pepsi and coke they are hard to tell the difference. john: you are saying republicans and democrats are both big government problem solvers. >> i cannot find much of a difference whether bush gives his cody is or president obama doing the same. john: tonight we hear about the super powers has the mandate. >> captive and corn is
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especially good his product is a number gas tank but we would not if not for the g force mandates. john: inflation at? >> we have of this has said we have more but all lot if you were bigger banks thanks to the power of inflate. john: teeeight three. >> manchin day the aerial striker in those that could fight aliens because no military could even approach 20 year-old american technology. john: if you think this is silly as we are exaggerating the wall street journal say the epa issued a new avenue mandate that is one lucky refinery in the we see an act under the patronage of democratic senator who was
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up for reelection. the committee on oversight of reform says a former assistant to the president had a financial stake in grand reliable back all of $169 billion from the energy department's broad disclosure forms she said she divested interest but it was transferred to her 10 year-old son. >> we talk about freedom a lot. that is important as the founding principle but equality under the law is equally important we hear but inequality of income but what about a colony under the law? some are treated more equally than others. fat is at the heart of the big lie of politics alive that government can constrain big corporations but history proven that is
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never the case. john: you are doing a a a kick start a campaign you will sell the action figures >> we promised that the nsa but not get your e-mail address. [laughter] john: are you with libertarian? >> i'd like to call myself a classical liberals did this is a libertarian show but a debate about the president's plan from fellow liberal and conservative your one dash conservative wing and right after this show a live edition of the independents will bisect the "state of the union." let's say you pay your guy arnd 2 percent to manage your money. that's not much, you think except it's 2 peent every year. go to e*trade and find out how much our advice and guidance costs. spoiler alert. it's low. it's guidance on your terms not ours. e*trade. less for us, more for you.
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john: welcome back to our typical posts date of the union show. what i care about is the dignity of the individuals. we do not all agree. there are less libertarians, more libertarians, the author of are making history of united states and we worry murdoch leans more to the right. you have differences about immigration and the nsa and obamacare. >> i hope we have no disagreement. people on the left don't like corporations. this seems like a win-win for libertarian people. it forces individuals and they
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are absolutely opposed to this. >> and i will take it and i'm for a social safety net and out know that that often becomes a trap and if this had been a limited program for 50 million people that are hard-core uninsurable scum i think that people can live with that. it is tribble and we're seeing it falling apart from a technological basis and now there is going to be a bailout of the insurance company and
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this is a big problem. and now they're going to have health insurance bailout we will not. it. john: republicans say my insurance companies going broke and we need some federal money, do you think that they will vote against that next that is going to be a tough thing to tell. but i think the american people is 59%, varicose obamacare. it's going down and opposition is going up and i think people in november will have the opportunity will vote and be able to repeal obamacare for brca1 and we can get it president who well.
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john: you say it should be dismantled? >> or has been no evidence and i see no reason why there should be any spies in this country. [applause] >> my view is that it's not just one or two or three. and caught i got to that we have al qaeda or one of the affiliates it that would make 911 look like the fourth of july. and so i say abolish the nsa and the reason for terrorism which is 60 years of military interventions in direct in the middle east that has caused some habitats our own soil.
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john: okay, we would classify that as immigration. thaddeus, you are for open borders? >> yes, i am. libertarianism is about freedom and about free-market can quickly were markets. so if you are for free markets and free labor markets you should be for the right of anyone to walk across the border like walking to connecticut from here. john: that makes us richer. >> my mother and father emigrants. they prospered and i'm very happy that they came here in this country and the way they did it as they went to the u.s. embassy in and fill out paperwork and they came to this country legally. i am for a generous immigration system and not throwing this wide open in and their people that come here and work hard to try to live off others. i want to make sure that if you're throwing a party come and shake my hand.
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and until 1924 we had open borders in this country. to a country in which there are multiple cultures and we are proud aryan. >> thank you and stick around. because now it is your term. even the audience and you at home you get could grill our guests coming up next. ♪ [ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th natural gas. ♪ more than ever before, america's electricity is generated by it. exnmobil uses advanced visualization and drilling technologies to produce natural gas... powering our lives...
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[applause] john: to take your questions or criticisms, gary johnson and thaddeus russell. first from facebook, how can congress combat an executive order that bypasses the constitution? >> i think there are a couple things. one is litigated. they can take at a quarter point out out that this is a country made of distinct ranges of government and use the bully pulpit and say that this is not the american way and it is not
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the american way. >> isn't just another government handout? and how were they planning on paying for it? >> this is a totally new idea. >> i am curious to see the details of a guaranteed return on equity and i just have a sense that this is all a prelude to the monetary collapse at we are going to experience as a result of continuing to print as much money as we do. >> the president's address tonight contained not one word about entitlement reform and i would like to know how we expect our country's currency and its baking system to succeed when entitlement reforms are what is responsible for pushing our debt to the highest level it has been since world war ii. john: trillions of dollars of
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promises, good point. >> i would like to see a cut in them military entitlement as well. >> we have seen the national debt love about 63% and he is creating brand-new entitlement and maybe this is part of an entitlement creation business. >> medicaid and medicare, the state social security, we have to reform social security and i think it is all doable. and we should speak more about entitlement unless about and thames to control. and if you look at the speech about obamacare he is recommending how moms and children should talk to each other. >> hope will never happen.
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>> the libertarians got in office. look at the issues. marijuana legalization comment have been in colorado and washington. and marriage equality sweeping the nation. and these are the issues that we have been talking about all the time. presidents ready to go into syria and so is congress and then comes 80% of americans saying no way. i think that we should pat ourselves on the back. i would call them small libertarians it will be easier. >> i think the libertarians should be opponents of power. they should never be power.
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>> why should i pay for health insurance i don't want to imagine what else will i be forced to pay for? two i think that the reality of that is not only part of that, the premium struggle. if she gets sick, everyone else has to pay for her sickness. they could buy health insurance. and we will all do the analysis, which is why get insurance when you can pay the penalty for not getting insurance and then when you actually come down with something when you actually -- when you have any replacement, let's say. then you sign up for coverage because you're guaranteed coverage for pre-existing conditions and we are all going to do that. and we're all going to do that. pay the penalty and then pay the
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actual insurance premium as your house is burning. the one thing that jacks up the price is every planet new york state has been in the show fertilization. john: thank you, thaddeus and gary. next, what the president should have said. this state is much better. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.
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to be fair ♪caues ya know we'll make it through♪ no cutting in line... play by the rules. don't pick on the little kids.. well, there's something i need to tell you mommy's and daddy's should be that way, too. every time you go to the store you have a chance to be fair and it makes a huge difference. just look for the fair trade certified label on products in the grocery store it means that farmers are getting a fair deal... ... that they can look forward to a brighter future buy fair. be fair visit befair.org to learn more
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>> i cannot imagine what i was thinking when i pushed obamacare. government cannot balance the books and routinely loses track of billions of dollars by greater power over health care. sensible insurance plans like catastrophic coverage and then
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we are talking about how obamacare is economically doomed and what was i thinking? now that i have had time to think about it if it would be better to and most government involvement in health care. [applause] john: let people shop around. the free market will be part of this. in a higher wage is popular for people of both parties.
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that is why no one comes here gas in the minimum wage doesn't do the poor any favors. and let's repeal it. that's what i said before. let's repeal it. so let's take a cue from our friends that we will call repeal day. repealing some of those rules that are a big reason our economy has not grown. and americans are now afraid to try things and we should have a repeal day every week.
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and so why would we think that we should do more. and we were as downed at the alarm that it has no effect. it is insane to do something that our own research shows doesn't work. education should be left to local governments and parents. [applause] [cheers] [applause] and immigration and the best thing to do is to simple by the law. so how about letting people in
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and immigrants are not eligible for welfare. and finally drug laws. i used marijuana and cocaine and i got elected president. and people struggle with addiction, let's figure. putting them in prison is not a smart way to help and i've been a hypocrite for locking people up for doing what i did. let's legalize drugs and end the futile and violent drug war. in our union truly would be strong. the president might have said
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that in a live edition of "the independents" starts right now. >> i wish all state of the union speeches could be as concise as possible. we live in a world essentially governed by washington washington. rich people are enemy, building brings. and is the new popular american dream, president gave a speech, slice and dice is. "the independents". >> look at tha

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