tv Cashin In FOX Business February 16, 2014 9:30am-10:01am EST
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>> chesapeake energy? >> coal is dead. long ling live natural gat. >> buy it only on a dip. that's it for "forbes on fox." have a great weekend. th numb one busess spot continuewith eric bolling and "cashin' in." equality or opportunity? the president insists, e biggest threat to america. >> a dangerous and growing inequality. >> new jersey's governor chris christie begs to different. americans don't want equality. >> what they want is income opportunity. >> so which is it, america? should we be a country of makers or takers? and then -- home sweet health torch carrying terrorizinan executive a his house. what if it was the only way around, outside of al gore's house. would we have heard tab? plus a free pass to bypass, asking the tough questions. if you won't, we will. "cashin' in," refusing to give
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anyone a free pass starts right now. hi. everyone. welcome to "cashin' in." our crew thisweek, wayne rogers, michelle fields, jonathan hoenig, who has his first out training 101. congrats to jonathan and welcome everybody. what's the biggest pblem facing america today and how do we fix it? the president and his fellow demoats say is -- >> a dangerous and gring inequality in lack of upward mobility that jeopardized middl class ameri's basic market. that iyou wk hard you have chance to get ahead. >> but domericans really want equality? what republican chris christie has to say. >> back to mediocrity. >> i don think the arican people want income queincome eq.
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they want income opportunity. >>o we knee equality or opportunity jt more takers or re makers? >> americans want opportunity, but unfortunately, the democrats' solution to everything is just expand the lfare state, which doesn't make people rich. it keeps the poor poorer. it doesn't lift them out of poverty. what we ought to be doing is reducing taxes, rear deucing the regulatory burden on our entrepreneurs so that the entrepreneurs can open new business, expand existing ones and create jobs because that's what americans want now. they want job not policies that redistribute. >> we it's really about opportunity? has little toll do with income equali, cae we all know ov over the koss acourse of the ag income goes up -- >> talk about equality you've taken away freedom. freedom andequality cannot
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exist simultaneously together. if you have freedom you ve the freedom to move, to go up, to do better to do things want to do, to be ambitious. by e way, and everybody's training isn't the same. everybody's brain isn't born the same. some people are born with smarter than other people. some people are worse off than others. but you're always trying to raise your self up to the best of your ability. so you want -- you want the -- the opportunity. that is correct. he is right. and the president is wrong. >> so, if the president's right and perfect equality if we had that in america, really, isn't that what communism is all about? >> this is so offensive to me. i just don't know where to start. the president said,e've g to do a better job for hard-working americans. people who go work every day, sometimes work two and three jobs. but can't get ahead in this country right now because all the reward is going to the super rich. that's where the money is going. it's not that we hava shortage of hard-working people, and
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basically what we're hearing from the repuicans is, marie antoinette 21st century yle, let them eat cake. they don't make money, that's their fault. >> the problem with that argument, you're saying -- >> sure, everybody. >> no. you're saying the pie is stagnant. a finite amount of dollars -- hold on. >> i'm not saying that. eric, look at some of the -- >> juan, you can grow the economy, and everyone does better. >> look at where, who's getting billions in pay and who's not getting any in pay and you see the squeeze on the middle cla of america. >> fair engh. let me take to you jonathan. go ahead. >> ironic juan talks about the p thing, let them eat cake. the president, his wife tweet add picture of their dogs dining at a glass table. you know -- >> $12,000 at the state dinner. >> but i've got to tell you, both christie and obama, eric, are evil in this case. inequali, it's a fact. this is a medic physical fact. it's not good, not bad.
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just is. to wayne's point, somere born smarter, more keshgted, more wealthy. this is reality and it exists. do i have the same to christie's point income opportunity as parihilt jn as lebron james? no. to this extentt's why people are abandoning both parties. they're add voe kating f the same thing. >> it's not equal opportunity equality, strive nor more, i don't want to put words in his mouth. listen to a couple of left presentatives see what they think america is all about. watch. >> if want to be a phographer, or a writer, or a musician, whatever, an artist, you want to beself-employed, if wanto start a business, if want to change jobs, you no longer are prohibited from doing that. >> americans work way more than average of industrialized countries around the world. >> michele, america is founded
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on the work ethic. seems on left, more than willing to say, work less, get more stk. redistributed stuff, take it from the makers, give it to the takers. that's okay. that's what we should strive for. is that a formula for success going rward? >> not at all and that's not what america is about. right now because of democrats and their policies it's nor luative for americans to sit on their couch, get welfare and food stamps than to go out and work. it's a better deal for them nap is not the american way. this is terrible. it's not good for our economy. >> go ahead, juan. you want to refute that? e lefties seem to say, look, it's all about working a little less. don't worry, we're going it take care of you. >> again, understand this. so many hard-working americans. look at numbers. our gdp goes up as we've seen impacts of the recession. americans work very hard. let me add in -- >> the governnt's taking their money, why are they going to work? it's better to sit at home and
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get food stamps and get t and work because the government takes it from you. you can be an artist because taxpayers will pay for you to be about artist. what pa locaelosi and the democ are saying. >> i'm telling you that what we're talking about here in terms of expanding the social safety net is taking care of an increasing number of seniors and children who live in poverty. not talking about the average american. >> listen to whateith ellison says. talks about changing our work/life balance. lionizing dependency, pting down productivity and hard work on any level, wheer stockg the shves or a ceo. what always misses out, the left, the self-esteem built by individual work and achievement. we work for money but also for the psychological and emotional self-esteem that comes with being independent, not on the
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government's door. >> the fact remains over the last 50 year, from spending a few billion on poverty to maybe close to $8 hp billion on poverty. guess what's happened too the poverty level. it's gone up. giving peoe more stuff, they're not working anymore and staying poorer. >> another thing you haven't touched o too. the fact juan makes the point, all of this group of people, this 1% at the top making all the money and then there's this group the bottom who are not making -- that 1% at the top are also paying all of the taxes. they're paying for everybody else. 47% of theeople in the uned states do not pay any tax what's so ever. these rich people, keep talking about thrich taking everything and oh, the rich are doing this and that. by the way, they're paying for it. they are the guys paying for it. you can't say if the top 10% are paying 85% of the taxes, what are you belly aching about? >> all right. >>again, we ran out of time.
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weave to lea it there. you can continue the conversation right now on twitter. #casn'in trending on twitter three weeks in a row. keep it up. make your voice heard again, when "cashin' in" trends, you trend. coming up, crossing the line. first they are targeted big wigs at big banks, now big oil. torch carrying leftists storming the home of an oil executive. so much for a peaceful night so much for a peaceful night with the wife and [ female announcer ] you get sick, you can't eathe through your nose... suddenly you're a moutheather. well, put on a breae right strip and instantly open your nose to 38% more than cold medicines alone. so y can breathe and sleep. shut your mouth and sleep right. breathe right
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a group of torch carrying ecoterrorists storming the home of an oil executive as he spends a quiet night with his family. take a look. >> my name is amanda. friends and i came down to let you know we think that you and ambridge are corporate criminals, and should be in jail rather than the -- >> listen, 10:00 at night. i'm happy to discuss this, not here. not now. not in the neighborhood --'s what's your group by the wa guys? >> justhe people, man. how than? >> the people. >> there are a lot more of us. >> the people. >> you have no idea, man. the world is spinning, quick. >> tell the rest of the board they can expect visits. >> wayne, this is shoing. imagine if a pro--pipeline people showed up at al gore? sending rachel maddow out with a live camera. right wing conspiracy. a nobel prize in the future. just the people. just the people weighing i >> well, i'm a believer in civil
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disobedience. we have a tlags goes back to martin luther king and gandhi, those kind of people. civil disobedience is one way r peop to express themselves. that part is fine. the ct o the matter is, you show up on some guy the lawn at 100 at night, you deserve to be arrested. if you're going to be civilly disobeent you sufferhe consequences. so if theskind of things gorge to take place the law should take place and deal with it appropriately. if somebody's going do that, yes, you have the freedom to do that. you also have the freedom get arrested. >> so, juan, let me go to you next. here's what happened. three protesters who handcuffed themselves to a pipeline and got arrested. so these clowns went to the company that owned the pipeline, and knock on his door. i'm all for protests, too. first amendment. i get it. this crosses the line. does it not? yeah. it's not something i would endorse. let me say when you see the right wing engage in things like going to the military funerals because the military allows gays
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and say, we are for -- >> come on. that's not right wing. don't -- >> can i speak for a econd? amount ai luoed to speak on this show? or when you hear, when you hear people say, we want to block access to abortion clinics and you have to go to the court about that, or you say the gun rights people say, we're going to walk around with open guns in starbucks despite your discomfort. you understand, this swings both ways. >> michele, appling and oranges swanncomparing here >> yes. such a double standard. the tea party had peaceful protests. they were vilified. can you imagine if the tea party did this? it uld be front page news. going with torches to al gore or george's house, all over the news. look, no one's vering this except for fnews because th media doesn't care. i bet the media supports and endorses this. >> i know you want in, john. >> wait. a good -- she make as god
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point, and in defense of juan i think that's absolutely right. it's the problem that the press doesn't cover it. swann right. it's equal on both sides. let th have it on both sides but have the press covering cordingly. >> that's why we're doing it. >> this n't a protest. you hold sign, write letters, boycott a product. it's the klan that showed up at people's houses in the middle of the night. that's what the klan does. operating through brute force, rough intimidation. that's what the environmental movement is all about. could you see a tea party group doing this or any legitimate executive or works at a legitimate corporation doing this? they would consider it. in the world of trade we work through trade and agreement not force showing up at people's houses and demandinthat succumb to your will. >> think about it. the occupy movement wer the ones otesting. the ones taking down parks and throwing stuff through windows
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and almost held in hype teem by the left. meanwhile, michele points out, tea party peacefully congregates in a park, cleans up after themselves and they're vilified. >> i find this comical. e tea party ople, you know, they go to these town hall meetings, intimidate politicis. you say, oh, that'sokay. >> how do they iimidate politicians? >> h? >> how do they intimidate politicians, juan? >> legitimate protests under the constitution, i'm for free speech. don't pretend it's one y. >> go ahead, john. >> how does the tea par intimidate politicians? we're all dying to know. >> gosh, should have been at the town meetings in 2010 including some by republicans? >> because they ask qutions? john mccain complained tab loud and clear and in fact in one case, people with guns showed up at an obama event. >> we'll leave it there. i love these disssions. i hate to cut it off. sorry. coming up, think he was joking?
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>> the thing about being president. i can do whatever want. >> hmm. welcome back. how is everything? there's nothing like being your own boss! and my ctomers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise?
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williams will be in the house ahead in ten minutes. join us. the mainstream media knows but doesn't seem to care, the president this week making his 29th change to obamacare by unilaterally extending the employer mandate beyond the 2014 midterm elections te the timing there, by the way. the president simply rewrites law and bypasses congress and what happens? where's the media? crickets. tingles up and down the
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mainstream media's legs, i guess? >> that's exactly what it is. can you imagine if they were bush? the media would be goingrazy saying he's acting like a king or something. but this is an imperial president. what obama is doing is not right at all and, you know, what is he doing? every morning he wakes up and the laws, h just decides which laws he wants to follow and which ones he doesn't? it's not right. >> all right, so, john, what about it? is this how government is supposed to work? the president decides unilaterally to change a law. i thought he was supposed to go to congress and senate to get approval for things he wants to change >> of cours it's notow government is supposed to work. the ason we're giving obama a pass and not bush is that bush was perceived as being self-interested, right? his use of executi action was all about his rich oil buddies or halliburton and obama is perceived as being out for the common good and if you buy obama's argument that you are your brother's keeper then the gop are anstruction is, because it's handing in the way of obama
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giving everyone his command good, free health care, free education and everything. >> do youhink it's okay that president obama changes a law 29 times unilaterally without consulting congress? >> you know, i think you should go back to the congress, but let me just tellou that president obama hasn't used his executive order or authority, i don't think he's us it half as much as bill clinton and as close to half a much as george w. bush, but let me just say -- >> stay onthis, juan. should the president be allowed to change a law 29 times unilaterally? >> you know, again, if you look at social security, medice, when they were passed there were lots of amendments and changes done on the basisf presidential or bureaucratic authority without going back to the congress so that's not unprecedented in american history. >> what i'm hearing from you, juan, 's happened in the past so it should be able to go forth. >> on this kind of issue, but ideally we should go to congress, that's the way the
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system is designed, but this unfair and unbanced to ble obama and not to look at what happened to bush or -- >> fair enough. wayne, your thouts on this? >> well, i think juan is absolutely right. we've had a history since the new deal of doing this an it's absolutely wrong. it's againsthe constitution. the constitution's very clear about this. and we have now what is called an administrative government in which the congress as well as the intent of congress to do so-a-so passed on to some agency and the agency makes up regulations and rules that become law and if you violate that, you're against the law. that's wrong. it should go to the congress. we have a whole system that is wrong. >> i have to go because wayne has agreed with juan in two of the three blocks so far, we're going to have to leave it there. my head is spinning. thanks to michelle fields and juan williams for joining us this week. coming up snowed in and sick of it.
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can learn all about it and watch me as i learn the basics of buying and selling on the exchange floor in a work environment that as you know, eric, is like none other. >> that's great and really a wonderful time in my life and i'm sure that's going to be a fantastic movie. thank you, jonathan, thank you, wayne. that's it for us, than for joining us. before we go, 2014 has been the winter from hell so to speak. noaa has produced a map showing 49 of the states have some snow cover, snowstorm after snowstorm hitting everything east of bakersfield and i've had it and i'm fed up and the first jack ass says anything about global warming will get a mitten in the mug. my dilemma, go home now and shovel the 12 inches of obal rming off my driveway or wait until tomorrow when there will be 4 or 5 more inches of global warming to shovel. can somebody please call al gore and ask h what should i do?
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