tv Cavuto FOX Business February 15, 2014 6:00pm-7:01pm EST
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neil: it's friday. do you know where the republican congressman is? they seem to be -- on the debt ceiling. now on hitting the roof. they're focused on winning later this yea they given up the fight to reign in spending at all this year. $1 trillion farm bill that over the top. to start the week off. then a billion dollar climate measure pushed by the president that piles on the way to end the week. republicans are afraid to say boo, wine, or complain. the are prayi willimplode.
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that's a hell of campaign strategy. mark my words, republicans will rule the day they conveniently sold their souu. welcome. on the grand old party disarmament. that's the way i see it. what about you? >> i agree. it was a huge blow to small government, tea party folks, people who want less intending. the strategy is to play nice this year. let democrats dowhatever they want to put the focus on obamacare. that's on the top of american's behinds. what is gng on with obamacare upset wh democrats and since election year republicans are hoping they can just ride thi year's through. have democrats basically get in trouble with oamacare. and then take er the senate and hopefully gain more control of the house.
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scold stabilize. i n't think it will. it could enou to my it's not as bad as we thik it is now. yet they're hanging their hat on it. i'm saying when you have lost your spending result on everything else. you kind of reveal to youelves to the american people as being the sort ofbaseless, spineless, totally cluele politicians you are. >> exactly. and this kind of reminds me of mitt romney's strategy dring the election which was bically not toay anything. kind of lay low and let obama -- neil: : play it safe. >> it county end uuwell. they need to put forth a plan and fight. show so you a spine. obama trying to propose a billion dollar climate change fund. why not talk more about keystone pipeline. we need a strategy republicans do. they can't put all of their chips and eggs in one basket which is the antiobama and hope
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he crews up. they're playing it too safe to your point. i think with you're the oppositi party you can never play it safe. and that you can never hone your hopes on pollnumbers that might presently look good but don't last. ask mitt romney after the first debate. he thought he was on easy steet and played it safe and we know what happened. i'm saying would it hurt republicans to actually practice what they pach. focus on on elections and willingns to challenge conventiona spending. absolutely. i agree we have a trillion dollar farm bill. if you look at polls americans think that spending is out of control in whington, d.c. so republicans need to show the have a spine and actually do something about it. show the american people. neil: they're not doing it now. always a pleasure. thank you. happy valentine's day. it's not really for
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republicans. undersnd john boehner's strategy. the former republican leader knows what i mean. by playing it safe they could be safely assuring they will be the minority party. am i overstating things, dick? >> no i ve a -- i share your concern, by the wa they're plang it too coz and too safe. it's one thing to have nough awarend of the vote numbers not go up a blind alley on soething like the get limit. but passing the agriculturebill and going along with president clinton billion dollars for climate control leaving the pipeline hanging. these are fights they should be making. they could win. winning and fighting these fights and losingthem strengthens their position with the lek trait. it's good policy. and i think they need to be back and have the courage of their convictis good policy makes
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go politics. let get back to the job, understand we've got to resist unnecessary and counter productive government spending, but they n't. >> they don't. they actually sign up or look at the farm bill. they signed onand added a lot of stuffing in this bill. and, you know, when it comes at the time when theeven themselves have been saying th can't cease and assist on the sort of thing. th party leadership does just that. would kill them to even try to attach soething, anything, to debteiling measures. even if you knew it go down. at least you've been tryig. they didn't even try. >> well, i think they're so weary of being run up that blind alley and having to retreat with their tail between their legs. they made -- i think they may have been wise to avoid that fight. but the alture bill s just unbelievable to me. you know, i started the
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agriculture war in 1990. the days before that nobody quarreled whatever agriculture policy came out. they thoughit was none of their business it's not that hard to understand agriculture policy is counter productive. there's probably nothing more instructive to the merican environment th american agriculture licy. >> by the way. democrats have the republican number on this. and so many other type of votes. because they now know that -- look, republicans are so afraid to get labeled obstructionist or even risking shutting the government down we can get any spending past these guys. my prediction they are going to notry to ramp through any type of spending and know republicans will be too afraid to try to stop it. >> well, that's where th leadership needs to differentiate. neil: they don't though. >> something like the debt ceiling is one thing, but any new sending illson agriculture advances increases spending on agriculture cook
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if you're watcng alone don't say they didn't try to help. in illinois the pitch goes something like this. get covered and youmight just get lucky. okay. it's not blatant but close. the selling point is health insurance is good for loving. it the coverage doesn't make you more secure, gosh darn it, it
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make you more sexy. and perspective meats it make you more describe. using a health care connection to make a love connection. time to bring in the mr. love connection, chuck woolery. >> it was so smooth. >> thank you. i try. i have to upthe ate. this is silly. it is really silly. with a do you make of it? >> yeah, well i have tell you i have five reasons why republicans own today. the valentine's day. most romance leads to marriage. i don't have a tell prompter between men and women most handout come from the government. you need to be single. the same goes for obamacare. that's number one. or number five. number four, valentine's ay leads to candy and chock le. it goes againstichelle obama's campgn. coecticut schools told children not to show up with the gar. republicans own that one. valentine's day is the biggest day for teddy bear sales which
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teddy roosevelt was a republic. it's a christian holiday, which of course would only be celebrated by ople who cling to the bible and gun and banned in most middle eastcountries. police are arrest you the religious police will arrest yo in middle east countries. and the number one reason why the rasons own valentine's day. it's the only day of the year when every state -- all 57 go red. [laughter] [laughter] neil: that's not too shabby. you obviously -- [inaudible conversations] you brought your a game. i have writers in detroit going crazy right now. [laughter] chuck,ou mentioned valentine's day. i think whether it is super bowl and how they use that to pitch health care and coverage and for the young using a lot of rock stars and actresses to sort of tell you nd compel you to get health care. cool thing. now using valentine's day leads to the case one saying it will
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improve your love life if you have it. strikes me as ultimate desperation. -> disseparate. we haven't hard about the trth about health care. obamacare, however you put it. we've heard a lot of untruths that come to light. now we continue to think, well, i guess they're telling the truth now. i guess they really do have 3.5 million. no maybe they signed up or not. maybe it will improve my love life and being friendly with dogs and trange animal. they're digging up verything in the world trying to sell this thing to us. and it just isn't worki. i don't think. [inaudible conversations] neil: i'm leaving the dog and strange animal. as a uy hosted a show about make love connection. did you think any of your contestants over the years -- i know money can play a part, i know statusin society can play
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a part. looks can play a part. i never would have imagined that health coverage would be like an aphrodisc. >> i think one of the first things a oman asks a man when she meets him. excuse me, do you have health care coverage. i don't. if i'm going to be attached i want to make sure i'm covered. neil: exactly. >> is that a cadillac plan? exactly. by the way, sweety i have health care coverage. come on,let's go out. >> i gets back to the stupidity of it. they're marketing something that young people at least today are not signing up for and not as enthusiastically looking himself up. because they feel that it is not really worth it. and no matter how you try to market it. a turd is a turd is a turd. >> it's not wort it. how they're trying to promote it. what if you're in an accident and break a leg, arm, head, what if you don't. most people don't break their
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arm, leg, or head. most young people are smart enough to know. it's intereing how they go at us as if we're really stupid i believe that most politicians really lieve that we are upid. so i think it's time to show them we're not as stupid s they think. i have no idea why i'm yelling. neil: you're good too. chuck. you brought the a game with the five point at the top of it. thank you very much. happy valentine's day. >> same to you, thanks. in honor of valentine's day. no clashing like this. >> why a war room. it's not a campaign event. >> you're amost implying we're taking the money and pouring it down the drain. >> which didn't need fixes. >> i disagree with what lz said. >> it's easy to be patriotic with taxpayers' money. neil: today they put all their differences aside in the name of
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you pay $1 a tax. what i think is it should be like a corporation. if you pay a million dollars in tax you should get a million votes. neil: [inaudible] presentsts comment likthat from adam interview with the venture capitalist tom perkins. i'sure who is a very nice guy. all i'm going say about the above is that lizy mcdonald share the same opinion this
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time. they're not going to be clashing tonight. they are agreeing on one central presence on the billionaire's remarks tonight. mainly he is nut. i agree with dam. i love adam. as do i. it look like an e harmony commercial. it is crazy what he was suggesting. and i know first of ll, never would pass constitutional muster. why continue we auction off elected offices to the highest bidder and why don't we -- all right. have them vote based on the votes based on the tax loophole and breaks you get. i'm trying to give him every bit of the doubt. what was he saying disproportionately contribute a lot of -- >>eah.
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neil: they are owed some breaks. >>well, you know, in his defense we concluded an hour-long conversation about income e inequality and the persecution of the rich in his perspective. he was trying to be provocativ. and the point he was making earlier was that the -- yeah. right. the rich make a big ontribution to society that isn't properly appreciated. so, you know, he said later he did impress availability. he told reporters of course i don't -- he said i wasn't being competely serious but i was trying to make a provocative point. neil: all right. he was making the provocative point what were you hinking, like, n this is the world's worst situation for an interviewer to be in? [laughter] >> no, neil, i was thinking, gee, isn't ts wonderful. we're going to be talking about this at least for the next 24 hours. what i think is interesting what i challenged him on was, you know, ithink he said you should get the number of votes proportionate with only people pay taxes get to vote.
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i said everybody pays taxes some kind whether it's a sales tax or a user fee. he said no, i meant come tax. and i know i think that's interesting youlevate income tax or property tax above other kinds of taxes. you're arguing the provocative -- i shouldn't have said he's nuts. let me take it back. the g-force. i don't likeke boehner and obama going a dance. >> i'm glad you are on the same page. this is a one-day event.
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let's get over it. >> all right. i think we got it out of our system. neil: i appreciate. thank you both thank you ve much. we have a lot more coming up. the warns on cigarette tax. get ready to see them pop up on cans of coke. what does everything mean to you? with the quicksilv cash back card from capital one, it means unlimited 1.5% cash back on evething you purchase, every day. it doesn't mean, "everything.. as long as you buy it at theas stati." it doesn't mean, "everything... unl you hit your cash back limit." it means earn 1.5% cash ba on every purchase, every place, every occasion, all over creation. that's what everything should mean. so consider... what's in your wallet? that's what everything should mean. ♪
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>> the government thinks that they actually know what nutritiousnd what is not and that we are not capable of making the decisions. so you have th new california labor requirement that is completely unecessary. dinghies requirements up in california and the u.s. they @%st assume that we don't know how to make the right choices. >> it would essentially be that this stuff is dangerous. an attacker will eventually kill you. but what i am curious about politicians are fast and furiously going on er.
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>> they are banning the council chemical from all foods in america. they are very protective of this. >> actually, senator schumer brought up a point which s how we will do these things and we need to kind of go back to the idea of the maretplace. actually address any potential issues at itsscare tactics and that is why the politicians love
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this. neil: i don't see it any other way. because theseguys ot some green. >> where will this en? truth is that new york would ban soda. you have no idea. and thee have all kinds of federal mandates that are going to be coming our way like many label requirements at restaurants and ptential grocery stores and convenience stores and we are basically too stupid and the govnment needs to tell us how to do this. neil: thank you very much. we appreciate it. the story of the cheerleader who is not cheering. she is doing. once you hear this real big
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neil: le me be brief or at i think this cheerleader has a case. she has proof that she was pai way less than the minimum wage. the team is scrambling at issue with all thehours she works traveling and doing apparances that ount as promotional vehicleshat help her career or does it just help th team? my next guest says she has a great case. so you are not buying . why not? >> i am not because this is her choice. it is almost a volunteer type position. all of these cheerleaders have other jojobs on top of it.
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this is something that they do almost on a volunteer basis and it is a volunteer thing. and i hada friend that explains me that this was soething that helped in their career and something to make some sort of a local celebrity and they get invited to a lot of parties and it helps him with dating and there are perks to have. neil: ty are only showing this as we amplify this through the catering or instincts. >> i just think that they are making $2.85 per hour..@ did we not abolish slave labor in this country a long time ago? i think the team really needs to take this lawuit seriously. neil: how does that even happen that s is not the only one
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saliva they do something that is blatantly illegal? >> they are getting these girs to sign contracts or. if they can't get them to adhere to contracts that are clearly against public policy. so of course the girls are going to china because they think yes, i'm going to get modeling gigs and there are a lot of perks. but it should be lower or higher and not is not a valid debate and you can't really debte whether or not a law is on the books or whetherr not it should be enforced. neil: yo can also flip it around. people that work at law firms, the young lega that work these hours each wek in the hope
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that, you know, that they sort of earn their stripes. is this analogous to back were very different? >> it is actually similar because there a lot of people to go to charity eventsor their work and are not compensated for that and i'm not sure that these folks, i'm not sure that they agre with that. neil: because here is the thing. what you just said was a perfect example. i took a job as a summer associate for a law firm to get exposure and to meet the partrs sthat they would see how great i was an offer me a jo which they did. but i got the perks, but that didn't mean that they didn' have to pay the minimum wage. because you can make that argument for any job. there are always going to be incidental erks. neil: but when you pay by this
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hour, the straig salary and he put in an 80 hour work week, there is a difference. >> yes, there is. with an hourly job. that is the argument that these girls are going to make. and they ended up paying him so much more money than if they had ju complied with the laws and paid these girls some dollars 8@ cents an hour. this is something that hey think it's fun for them and that's why they do it.
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this is something that is mandated in something that they have to do. neil: i'm going to keep a close eye on this. mewhile, it is not too late to t a valentine's present. t a valentine's present. and we are going right after so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. coach calls her a team player. she's kinof special. she makethe whole te better. he's the kind of player that puts the puck, horsehide,
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come. she says hemight break your spine from it's okay, it's a beautiful day. [laughter] neil: but i digress. it was so autiful in neighboring new jersey that some kid idn't get a snow day. they didn't have school. though virtually from home. using their computers. we get a ton of tweets and david is here to react. >> i'm catching my breath he ared me. >> as beautiful as it is anywhere. neil: noon and trimmed new yorkers are not disissing it. anyway, cutting schools taxs 80% and it could revolutionize
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is but should not replace the daily interaction in the classroom. it makes sense if we can get rid of this and more can be spent on actuallearning. the virtual classroom. is that the answer? >> no, it's not. the pictures of the kids are supposedly doing this work on their little matt computers. and you don't know whether they are for this or not. what is missing more than anything else inmerican education is focus in the last thing in the world that u want to do when you get on the internet is focus. itis the definition of attention deficit disorder and it attracts disoder like garbage attracts flies. you're going to get foced by giving kids a computer and expecting em to anything else but troll on the internet when they are at hme and forget about it. it is not.
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neil: we sang something. [applause] >> meanwhile, have you seen these drones delivering flowers? it's pretty cool. the faa telling the flower delivery company no more drones to deliver daisies. many people think this is a good thing. but they are not a good idea and too much potential for disaster and they should block them. of how lazy have we come you have these dreams of drones with twinkies drop counter to me. neil: i live te dream. >> i needed that. neil: they drop them into the snarling. anyway, what do you say? >> government's first duty is to protect people not to run their
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lives and in this case the faa is protecting us. by the wayay there is a guy that wouldlove jones. if he had his own little drones. and how have you know that he didn't have one? but the faa, they haven't ruled it out. i believe them here with one of the few regulatory agencies that prevent people from getting killed are killing other people. i think that you will see some form of it. itay not look like this with the bladeshat can chop your head off or your finger. that is all kinds of dangerous things and they make it to the point where they could use it. so if i forget anannversary or something, i think oh, i can call a drone onhere. >> my anniversary is on my birthday. so that i never forget. i don't forget my birthday i don't forget my anniversary which is saturday. it's going tbe 25 years on saturday and i'm just a little bit older than that. and i think the faa will
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eventually allow the drones to deliver but i'm glad that they are holding the fine until it is safe. neil: in the meantime, the tweets keep coming on the show and they can't stop talking about carl ichan. one of our followers was tweeting this. i reallyenjoyed this interview and it was an eye-opener for me. a strong interview, proving once again why you're one of the best that our fearless and smarts. thank you for being candid. he was very candid. he said he was more or less sane, i'm not paying more in taxes, but he drew the line. >> that you hit on somethi very interesting. which is thht he seemedto be sounding a little bit like warren buffett, saying that obamace isn't that bad, that bunessesre just using obamacare as an excuse for their own sloppiness.
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>> you and i covered the retail industry and ifit was about quarteto weather and i never credit at a good quarter. so i'm nt saying that this has hassles galore. >> what worries me about it is funding an organization. so i kind of know it. but the fact is that sometimes superrich guys get so superrich like warren buffett that they lose touch with the concerns of the average guy. and it's not as appreciative as what carl ichan s. neil: one thing that tuck out was the willingness to say that washington is such a disaster that i taken out o the equation and take it as a given that they
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can never be held acountable. i have better luck trying to wedge that and i give up on political america. >> i think he believes that in his soul. eventully all of the scrubs are going to fall on the big government guys and evenally the public is going to s the heck with it as margaret thatcher said. you run out of other people's mone and i'd leave that he thinks we are very close to that point right now and they will have no ace else to turn except the private sector. i hope that he is right. and he is still investing. neil: well, you know, he said pick and choose no matter the market. and he said i am an apple areholder.
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so whei heard that he was there with s money and their. >> i think that carl ichan cares more than anything else about making money. he is not there for the long term, although some of the companies he stays with. but enough most part he is talking about his company and you can invest in his public company which makes money and that is his purpose. i think he is in there for the long-term? may be but how long that is as maybe a year or less. >> it invariably comes from this. and that is the problem with a lot ofthese guys. that is frankly why there are so few retail investors in th market. they feel burned. the guys with a billion-dollar
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computer is given in now before you n blink and i so how can you make mon in an environment like that? >> thank you. neil: when we come back, if netflix can do from wa, why we asked people a question, how much money do you think you'll need when you retire? then we ge ea person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so mbe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier.
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>> pandora gory and "polito." willis to branch out into polics targeting customers based on their party revealed through their choice of music for example, if you like bruce springsteen they think you are a democrat ted nugent a republican. i think they are making assumptions but whether it is onto something what do you thin? >> i agree w with the promise
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they are making assumptions but so what? if they have go away to monetize their subscriber base if you use the free service you cannot even opt out the way they identify if you are a democrat or republican it is brilliant. supermarkets have done this for years. not political bubut doing the demographics it is fantastic for the company civic a think they make a lot of assumption and mistakes they will mess with that data this is what you really ought to be concerned abou if you have privacy concerns >> do you like pandora? >> i would not invest in the billions years. >> it is still essentially a company run dawn of free thinking and i always avoid
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those companies. >> who says it is apple or samsung? what makes it the other does not? who says either makes it? headed the of you been watching this company? the juggernaut is a lot more than laptops nobody has been on their rar. >> i love th. i bought them unsuspecting lee three of the lenooa of the pads and realized they bought the i am business would it was losing $1 billion per year paid 1.7 billion now the biggest company in the world. they know how to do turnaround. dig a to do the same with the cell phone market. >> that is what they think that they could break out to
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the keyboard technology could easily move to phones and other devices. >> yes. there is a lesson here with japan. look at manufacturing the japanese could make at can make a better. china has 100 times the money from the scale and bring in their replicating jan. this manufacturing because lenova is a forceo be reckoned with. >> apple has had a nice run this past week witharl icahn to be ending the company buy back stock because the validity has an end of the stock is still way undervalued do you share that? >> i do aid and assuming we have more great products to come. the pipeline has been a little slim no real
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excitement. but i depends on the next big thing. >> it will be presumably a bigger phone stillnd will be like a mainframe to your ear but it could be isolated with these two markers -- makers so are replacing bets prematurely? >> cell again the bible take the opposite side i am not a believer in apple think they're struggling they don'tt have the next bt thing new leadership lost jobs there are great at innotion but now they'll lose the mba and that is a different scenario. ♪ >> right on schedule. what about next week? tim mckyer very concerned eeergy and commodity has not track with equities normally they move lockstep we're
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watching for this relationship because if equities are right we're off to the races of it is a commodities we have rough sailing. >> isn't that more indicative? or is a much broader than that? derek usually it is based inc. and other products that is what concerns me. >> the existing home sales report comes out next friday this economy rests on three pillars. the fed, all about the tapering the jobs numbers that is flat and another big killer is thexisting homes saleshe rise of housing has flattened off that will reduce the wealth effect with people. >> years ago you were the rst to say if people equate to their sense of worth to their homes.
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if we are off the lows but prices staate to people stagnate with their by? >> absolutely. it permeates to spending. we're ting to think about selling our home but the market has gone at in the washington d.c. area that makes me bring in my spending all the way around. >> ther are no oil sheikhs available? [laughter] >> therere no -- they are in virginia were the taxes are lawyer -- lower. >> even the sultans'. [laughter] >> where disputed few years? >> with the home-equity loans and home depot of the world if housing slow down.
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>> thank-you veryuch. enjoy valenti's day. don't forget. [laughter] which i just found out a few minutes ago. i will be right back. tomorrow. ♪ ♪ kennedy: they are huge, they know far better than you how to run your life. we are beholdens to wims of government. whether it is a state dinner or debt ceiling or spy agency that putting cold car antics to shame. they are different from us, they think they are better than us, their reach knows no bounds,o wander allies in far left, and fed up right have aligned to declare this, the day we fight back, whether it is signing on-line petition, or a discussion about what is most important it is time ta take back, you are not better government, but you are on note us from all sides, this is "the independents".
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