tv Bulls and Bears FOX Business February 16, 2014 1:00am-1:31am EST
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$3.5 triion deal that is washington. that is our show and we will see you next weekarea ♪ ♪ fox news.com and see why we have these microphones. see you tomorrow, everyone. >> health care or health control? a majority of americans now think the law is not meant to heheir lives but to control their lives. well, how about this for ntrol? the administration just telling medium-sized employers they have to swear to the irs under pen amof perjury that any layoffs have nothing to do with obamacare. so does the majorit have it right? is this control out of control? , everyone, this is "bulls and bears." here they are, the bulls and bears this week. welcome to everybody. okay, john, is it all about
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control? >> yeah. i think it i the majority of americans also don't trust this government and how can you trust a government who tells you this isow the law of the land, except if they want to change this law, ignore this law, not implement the law or alter it some way. that's not how you handle laws. ok, social security and medicare had bipartisan agreements, they are implemented in a way uike obamacare that doesn't have so ny problems and now you are telling peoe's busisses, if you hire people to getelow a thresho, it makes you profitable or more profitable that you have to b under perjury if you are under oath and liebout that, you have to say, this is not tu t obamacare. this is unbelievable that this is happening. the arrogance of this administration is ridiculous. >> jessica, if u ned the lay off people,f are you a business, youeed to lay off
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people becse of whatever reasons, if its because of obamacare, becau of the prices and the costs that that brings, why do you have to swear? why does government have the right to say, you can do that? >> well, this whole sorof ange in the regulation is a reaction to the concern that medium-size businesses had in rms of saying that the implementation thawas going to happen was in this year was too burdensome and the concern is really to protect the american worker and make sure their jobs are maintains an there are penalties in effect on them because of the requirement the employers are having to meet. >> gary b., should uncle sam be telling employers you can't lay off peopl >> it's beyond the tale, bren dark, i think john alludedd to, this is the impreerlr peaerial .
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some point they have to realize that, a, the majority o americans don't want it. be, you wi b, you will no have army the silly law was enacted, c, it will cost. 's not working. they not only want this law to work. theyant to w a any cost. so this last tng is just a measure of this emwanting to say, gosh darn it, this obamacare has to work. we're ing to put the sun screws to thes employers, even though, by the way, it might cause employers to goo belly up. last start,ew businesses down the road. this is silly, brenda, but this is the administrati and presidency we have right now. >> does this go over the line? government does have some rle in labor law and theleak? >> yes, like,or example, you
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can't just fire somebody because they're handicapped. the government has a say in it. in this case, you might have to fire ploy years because you can't ford health care. they don't hava right. this sa loophole that they've created by having arbitrary thresholds. what the government could have done is every busiss, all employees have to be covered whether part ti or full time. >> that at least would stop loopholes, that company will have to drive a truk truck through. they have a more stream line health care law to make sense. >> tracy, is this out of contro >> no, it's wand out of control because the only thing a business has to do is the bottom an. if they hire, fire, c pay, that's up to them. there is a reason many businesses don't go publ because they don'tp to answer to wall street ap the like. medium-size business are in
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the same boat. they don't want t answer to people, including uncle sam and the irs, my god, they have way too much on thei shoulders. we shouldn't have t answer to them ab anything other than what happens on april 1th. >> jeica, what do you think about that? >> this is a onyear change and businesses do have to answer to irs. they do ve to answer to regulations. they can't willie nillyanswer to -- >> we heard onier, one month. we've heard so many different deadlines have changed. how do we know it's only going to be a year?r? >> well, that itself the guidance that we have been given so far him they came out and said this is going to be a one-year stirring sort of experience while they' doing the rollout and it will al give businesses morore onto the same sedule that individuals will be on. >> john, what do you think of that? >> i thinkhis is 100%
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political. see if this doesn't make sense. we will delay this a year until after the mid-term ections. funny how tha happens and, yeah, we are under the irs for tax, not for health care. you are taking a system that is alrey burdened and add health care to that as well. this is a burden on sinesses right now, i hate to tell you the, it will be a burden on businesses a year from now. this is t well thought through. this is 100% political. the air gantz of this administration is ridiculous. >> you know what the problem is, too? they're making it up as ty go. it's so transparent. oh, god, we got this other loophole, it's really shoot from the hip, ask questions later. that where it willhill hit business, small or memmium you will cripple companies if you do regulations this way. >> they have to apply to all business. you don't have pollution lws
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that cover a certain amof employees. it would be difficult. the lais the threshold. it's not the amount of people you employ. it's an encourage. to go to part time workers and fire people. they will phase it over time. companies aren't going to willingly earn money. they picked aad way to separate small business from businesses that can affor it tentially. >> gary b., will this hurt th ttom line of many businesses? >> how canitbe? even if it affected one business that say, oh my gosh, we really needo layhese people off. but because the obamacare cos are too high. now we can't. you know, my fear, though, is even mor so. if the government through the irs c enforce stuff like this, where do they stop? are they going to say, oh, good, it's tter for our country or health care forbusinesses not
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to do, to hire people from overseas or immigrants oray beho minimum wage or whatever that? minimuwage is the aw, peg below a threshold that we ecify? where does it stop? but this administtion does not ca about business. they only care about themselves getting re-elected and making sure obamacare is successful at the cost of the u.s.taxpayer. >> jessica. we are finitely seeing this is the administration showing they are carinabout be ty are being reactive to their concerns and feeds. that's why they've made this specifically for medium-se businesses, also within this regulation at the sa they came out wi guidance specifying specifically you willot have toover hospitality workers who work seasonally as well as volunteers, whether it be volunteer firefiters ore emts. sohere are a lot of issues that come . this is a hugemassive piece of
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legislation. there is nothing going on. >> that's certainly true. >> that would dress the changeto be made. so you will have to see this within the regulatory process. that's w youhave the regulatory process. >> were you laughing? what is so funn >> you are talking about doing this for buness. that's preprosterrous. this is a big birdsome problem anthis would not fall through as tcy talked about. this is why we are dealing with some of these issues. > you know, if they cared abt business and the economy, they would institute term limits on themselves so we wouldn't be pushing thisff to the next election. >> thanks, guys. >> that has to be the last word. thnortheast is bracing for another winter walp as it's still dig out from the st hit. now worries the nation's economy
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have a great day, everybody. . >> digging out and about toe snowed in again. each time we are seeing businesses close, fghts grounded, workers stuck at home. now, worries the economy, itself, may get stuck. the total costs of the winter blast is expected to reach up for the $40 billion bucks. tracy, coiled all of this cloud the economy? >> look the economy right now is trying to plow itself out of
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this assessment. atnta is shot for a while until they figure this out. all the cost tase are incuring because of mother nature. mail is not coming. restaurants are closed. to one is making money in this kind of weather except maybe maybe the guys that keep shoveling out my driveway an pushing it behindthe rage and i can't getout. other than that, there is not a lot of people working. th can't be easy for people trying to dick themselves out of a recession. >> gary b. it's not as if t economy was chuging back at a growth rate, as tracy was saying, we are barely out of a recession. >> the current administration will say look at all those shovel-rdy jobs in the storm, the snowplow hires. i agree, it's going to be a hit, obviously, it's going tbe a hit. people weren't able toet to the supermarket or restaurants or didn't see a movie. we have seen time and time
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again, we have been dog this show long enough, we were here for katrina, for sandy,or so ma hurricanes. the hit at the time is rather substaial. but what happens is most of the spending gets moved into the next quarter. so this quarter we're going through is going to be lower gdp wise the next quarter will be better. i city think the economy as tepid as it is frgsz i think tracy was alludeing to that. so things will get better than they are now, but not better better. >> it's winter, it melts, we get over it. will this really have hit on the economy? >> i think it will have a hit i think we will get over this. lock, atlanta got a foot of snow. thank god they didn't get 2 foot. i understand. look, gary isright, there will be certain sectors that don't recover, but the lost revenue the airlineses, restaurants, hos
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for the most part. but most of that spending is being pued off into the next quarter and we are going to see a little dip in gdp this quarter. it will probably see th increase next quarter with that spending put off. >> jessic what's your take on this? >> iagree. i think in particular we will see it in q 2, especially, we ha seen a dip inaute sales. i think going forward now, people wilbe out. we have seen everyone stuck on the roads, it may interest them more in skidding suvs or an energy efficient car o of detroit. it could be big boost there. certainly as a floridian, we have had incredible weather, hopefully, it will be a great incentive to get the tourism industry going. everyones welcome down here. >> i have to go to mr. miami, what was rarely he in the studio. jonas, what do you think? >> it cost me a fortune in flights to miami. look the economy, it's hard destroy money to know you wll buy generators and snow blowers
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instead of a few car. some sales when it really continues, it really drags on, like the whole winter, you are nogoing to get tt reven back eve it's govenl i will alsosay, the whole int is you are measuring spending. it's about how well off you are. you are not well off if there is a perpual cold vortex because you are spending on thing you don'want to b like roads an salts and you want to spend it on factory. if it makes youdepressed, that's theeasure of an economy that good. so i think it is bad like on california and droughts and ather events. you can't growfood, so there coul be long-term dage here. >> i get what gary said with a katrinand all. that we all said we rebuilt, there were businesses that nefit from it. if you miss it last saturday. you might not know it. >> tracy, that's the last word.
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the fo police at it again, this time, trying toue big foodompanifor the medical costs of obese americans. neil and the gang asking, what whatever happened to personal responsibility. plus, from death do us part, two deaths break us you a part t. new deal breaker breaking hearts across ameri. [ music playing ] ♪ all you need is love ♪ [ male announcer ] how could auminous otein in jellyfish, impactife expectancy in the u.s., real estate in hong kong, and the optics industry in germany?
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. >> okay. so this is perfect for the day after valentine's day. before you hear "i do"ou pay hear "i don't" if you don't pay off your personal debt. that's what more than a third of ericanar sing in a new survey. better go to our love expert onn this one, gary b. has more experience with marriage than all of us. >> combined. >>ith one marriage. so when it comes to love, should personal debt be a dealbreaker? >> i want to put a disclaimer that i am cerinly no love expert. okay. you know what, tell you what, if you don't disclose your debt, i think that, that gets to the whole heart of not being truthful and honest in a marria. i will speak out. i'm nd of for debt. i think debt gets a bad rap particularly when couple, post-couples would not be able
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to afford a house with debt. the other big debt expense they incur is on a car. why would you want to use your own money that depreciates the mome you drive it off the t. >> that is generally okay. are you using other people's money and generally for good stuff, unless you lie about it. >> tracy, it's very, very stressful, money, money canlso be the deal breakner a relationsh. before you get together, you both have tons of debt, student loans, credit rd debt. what does that do? >> pizza on the first nighis cute. after that, it is not. to live life like that knowing your paycheck is gone before it comes in because y are not on the same page about your spendi habits, that could be a total deal breaker for company, for couples. and i think gary b. is our expert. he at least has the longest one. absolutely >> that qualifies you, gary.
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>> thank you. >> okay. jessica, is this money over marriage? >> yeah, certainly i think it's a larger macroeconomic issue people are talking about, larl this time of ear. it is an important topicacing young people. mygeneration, generation x, millennials, in terms of whether not ey are able to get married d can afford it. like you said, those student loans, there's all thedebts. with the sort of huge income and equality and the levels of poverty that we have seen that have been increasing in this country in the 70s is an ongoing convertioncouples are having. if you are a single mother, it probably doesn't make sense if you are making un$25,000 a year from a x purpose to parry someone else who pays $25,000 a year, even though that gives families stility and can help them get out of poverty. >> should cupid's arrow borrow
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or stay from the heart? >> gary, tey all have trouble with debt. economies collapse from it. america was built on debt and continues to excel on it. as far as individuals, divorce rates fell after the great recession because people ha more debts than assets. and have a debt pipe people with assets a more likely. you can make a case that's good for america. >> i got to sqeze john in here a. quick comment. >> i wrote a book about debt and staying out of it. one of my first appearances was to come on "bulls and bears." that is where i met my future wife. we had our nint anniversary on wednesday. i am debt phobic, fortunately my survive as well. >> thas, guy, thanks, jessica fo joining us. forget payin off your debt. ge obamacare, will you get a
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do own it. >> tracy. >>veryone says obamacare is the new way to hook up. are you kidding? it's a turn o not a turn on. >> putng label soda, good for the soda, up 30% in the 84. >> neil. go! . >> no clowning around, this clown could be the new marlbo man, hi, everyone, i'm neil cavuto. and the food police are launching a supersizeig mac attack, lawyers making new food into the big tobacco. their pitch, go after big fod because it's making people fat. go after some fat greens to pay for obesity-related health care costs. we are talking pentially hundreds of billions served, not fries, dollars. ey say this is a littleoo ch to stomach. we are joined, glad to have you back, ben stein david pittsburgh
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