♪ charles: even liberals are piling on obamacare. i am charles payne. zero left-leaning thinktank is calling for an end to the employer mandate the part that requires businesses with 50 or more full-time employers -- employees to pay a penalty now they are shifting into part-time work to get around the mandate. it allows people to say it is time to ditch the mandates entirely. tom, this was delayed and it is a message -- major

revelation because it was funded by some serious backers of obamacare and the conclusion is the mandate may do more harm than good? >> the fact is you cannot make the whole system work to get everybody insured. it is beyond me but the whole program is beyond me. as opposed to having a program in massachusetts from governor romney bridge was a catastrophic care plan , we now have a very extensive plan that carries electives and preventive things including abortions and frankly it is not affordable of us everybody is willing to do subsidize. for 7 million people we have those insured already but 40 million people holding the bill we are nowhere close to a system that works and this will be a disaster.

charles: no doubt about that virginia was one of the state's earlier this week to talk about that and the rate increases of 16% but the reason dovetails to what you say. they are in poor health the average age to be significantly older would lend credibility there are not enough young people in the equation. >> is the absolute told told us. the great thing about the obama administration is they cannot stop there. behalf to increase the minimum wage on a national scale. the fact of the matter is to pay the same wage in iowa as manhattan makes no sense whatsoever. it is best left to the states not the national government. as you point out with obamacare with 30 hours a

week they're entitled to health care so every retailer has taken the 35 hour worker and back them at 28 hours. i am not sure that helps the american family. it gets worse. charles: i want to bring in our fox business all stars. the same study said if we do not have the employer mandate less than 1% would not have health insurance. it is an exercise of futility with the mass exodus that has done more harm than any kind of good. charles: you are spending more and getting less. the new york times had of breakthrough peace saying that there are more insured but the choices are narrowing then they quoted an insurance executive that says we have to break people

away from the choice habits. choices is a part of the american system that makes capitalism more. this narrows the choices. charles: you assume we still want to be a capitalist nation. [laughter] >> but the executives wait and because they see what is happening as a result of the new policy's being implemented to support the initiative to say these are bumps along of rhode and other choices are available later. there are several sides but for now with the preferred one executive. charles: we are getting away from the hypothetical with the worst case scenario every time we get a new report it comes to a fruition. >> the number one inhibitor to economic growth the

chickens are coming home to roost that this will not create job creation. but what goes hand-in-hand with choice is flexibility whether to provide health care its limits what the individual employer might be able to negotiate some could take less take-home pay. >> it gets worse because they don't stop there. now they take the assistant managers who felt good to move ahead of the economic chain to provide properly for their families they say no no no you will not be hourly making $50,000 a year. you are entitled to overtime what is the side effect of that? you will live have assistant managers as a more.

harming the of middle-class. charles: is a report it is important we point out this is the johnson foundation a liberal organization. they push the money to push obamacare but the consequences at the over event to get the worst end of this because if you want to retain talent you retain the top people with the perks and they are being hurt. >> if you limit choices to the middle class if we have few enough as it is but it promotes the attitude you have fewer choices leave that up to the government. though one-size-fits-all. we're not a country made up of individuals to let the government tell us what is best. we know what is best but will they make us stand?

>> the employer mandate, the fact is they need to find money. 46 billion if we did that what could fill the void? higher taxes? >> the alternative is the real question. if you look at washington and the policies and alternatives, that is the real problem. looking at the employer mandate it will drive up the cost economically but looking at covering the largest number of people from the white house perspective. charles: with a 13 percent approval rating. we have ran out of time. we love your expertise. and the panel will be back. all the money coming from gas tax, where is it going? next finding the answer to

the question that kneale has been asking. >> why do you say that? where has it gone? >> i don't know. this is after we have committed tens of millions of dollars each and every year three variety of sources and the roads and bridges are crappy and still falling apart. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence.

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>> i am not for crumbling roads and bridges. what i am for is to make sure we don't compound to the san money supposedly going to fix the bridge never meets that to bridge. charles: where is all the tax money going for infrastructure? this senator says it is on special projects not roads or bridges which he has a bill to wind down that gas tax but all that revenue is not the problem? >> exactly. >> exactly. we have a bill to address us significant middle-class problem. if enacted to bellmore infrastructure money back into the hands of the states who can spend that money more effected lee and

efficiently to connect the places where water they want to live with where they have to work. charles: people watching still feel the sting of the stimulus and to the shovel ready projects it feels none of them went there with no accountability. everybody gets nervous. >> exactly. the purpose is to put less of that "power and money" into the hands of the few. and with state policy decision makers. to reduce the federal gasoline tax down at 3.$0.7 we could use that portion to maintain existing interstate highway system everything else is collected and spent by states that the state level where it belongs. charles: i go to work in one

state to another state and it is extraordinarily expensive and i wonder where my money is going. but some of their colleagues say that tax has not been lifted in a long time it does not cover wear and tear but this is a misguided waste of time and we need money. >> we cannot hurt anybody make that argument yet but if they do my response is number one figures show 3. $0.7 per gallon is enough to maintain the interstate highway system. that the federal gasoline tax is not enough that would help us to do more with less a few believe that additional $0.14.7 per gallon back in the hands of the states they could do more because they don't have to comply with the federal

regulations. they could make the dollars stretched another 20 or 30%. charles: i am with u.n. had to present another issue is states' rights versus the federal government and we have of government who wants to control everything. but look at the politics. the tea party, the exaggerations' may have been pre-richer. of big winner with nebraska and west virginia. i remember they said maybe the tea party is fading? you must look a lot better today. >> no question the grass-roots conservative movement in america has been gaining momentum still has an enormous amount and it is interesting it has become a part of what the republican party is. we move away from that point where the effort was spent

shouting about those things where we try to embrace what we do but we hear peoples throughout utah and across america that americans want government decisions to be made at the appropriate level. not everything made in washington. they want us to return to so long proven principles that say local government is better on local issues. if we do that it will help the port and the middle-class. charles: what we have seen is the infighting and the of mainstream media but the appeals like there is a serious battle between established republicans and the tea party where they are emboldened to put the tea party takes them to the curb

>> there is the natural tension between that party's base antiestablishment on the other. and it may exist with their own and it has created small hole in the republican party that is the size and the shape of the conservative reform agenda to help bring bavaria's constituencies together and expand the party. charles: the biggest win this week is the election in india. the best tea party candidates i appreciate you taking said time to explain your position. >> great to be with you. if he is in the senate he would be a fantastic colleague. >> is wall street sharing

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charles: the markets are on us tear but for how long? the man with the answers is the chief strategist bob dole. people questioned in this rally for a long time. no volume but it keeps chugging along. so for how much longer? >> it depends on what you just mentioned will earnings me reasonably good? the whole market is five years old now it has been in

lockstep. we need better economic growth and i think it is on the horizon but especially in misery mode before we get there but i think it is around the corner. charles: but is there something to be said that in my lifetime is the most hated bull market in history ? >> i could not agree more. i cannot remember a bull market that is lusby lead to a and this one. that is good news. they end when people are confident to think that stocks are the best thing since sliced bread. >> but the american institute for individual investors says it is the highest in a decade. nobody believes it exists. now to bring in our business all-star panel.

listen nobody believes in the rally. >> maybe it is due on tax stocks they will not achieve a profit anytime soon. with that internal correction ended up doing very well. >> aided the last few weeks stocks are down 50% or more and you don't even know it. >> looking at the cash on hand compare that to the '90s it is a completely different landscape. >> that is our broad base recession of all sectors and it is up broad base recovery but to the of point of

growth and the economy we b.c. revisions of negative growth that is a technical term but i am not saying we go into a recession but especially as inflation is rising. 2.7% increase of food prices hurts people ability to buy other things simic consumer spending is something to take into consideration. there was some growth and as people go to restore that the price of meat is the highest in 30 years? that is significant have an election coming up the fuller getting scared. >> what is most interesting is 90 percent of people say even if the economy does improve they will not necessarily spend any more.

charles: i watched the fed data closely people are spending but they're almost at his hero. they have to buy into the fed or skipped a few trips to the of all. is there a point something has to break one way or the other? >> but they continue to putter along. they are working but not making more money. they don't have a big pile of savings if the economy does get better it is because the head winds from the federal government will give us a 50 basis points of growth with confidence picking up why are mergers and acquisitions up? because corporations are confident today them they were born uriko.

but. >> but those mergers and acquisitions are also up because people are giddy about the stock market. they want a piece of that capital by receive more m and a. >> absolutely. then stocks will also. >> this will be more scratch and claw to get there. >> but the last 2.5 years always the acquiring company has gone up but wall street wants to see them built for the future if they think demand is there then it will materialize. we will talk again soon. you will not believe why this is not stopping. next.

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charles: privacy alert. does this give them a right to dig in deep? david asman, you have the details? >> everyone is doing it now come all the federal agencies are getting into the data collection and once we heard this term come i prefer big brother. this is by the end of next year and they will have 52 million facial images and that should never be in the fbi databank am a 52 million of us will have

this. the treasury department has also been collecting data. and they have to be taken from what the government always knew. >> off right and should we be about all this? >> i'm really concerned because what is behind all of this reign john podesta is the one who is running this operation. and you see a is a good and a public service and i think that is what we should have our and cannot work. and what is this really being used for. >> we believe the government would not use this as a weapon. so how can you in the aftermath think that we are working

through these scandals that haven't been resolved. >> some people are going to say the same thing. what's interesting is a lot of these agencies are actually piling on and adding more surveillance opportunities, if you welcome the dhs actually had plans that were scrapped and so -- >> certainly surveillance as surveillance. data collection, i think that's what we really start to get concerned. what are you going to do with this data? >> they are gathering information about your information. facebook and some of them are saying we are not going to do this and that is one small way.

rerun with google and they took pictures of my house and their likely got your back, main street. but i don't know. >> you hear mayor bill de blasio here in new york and a lot of others say, oh, we want to provide pre-k and other things. they want the education get in line at the beginning. >> we have a lot of pushback to that and one of the possible solutions to a lot of it is allowing people to opt in or opt out and not have a default setting. and that is an inherent problem with some of these things. >> so we have an e-mail marketing.

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my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems,

especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. charles: well come i guess they don't teach simple finance in school because millennialist are clueless. a new study showing only 6% of 18 to 34 year old know what goes into a credit score. family finance expert says this could be a scary sign of what is to come for the younger generation. jennifer, you have been warned about this kind of start a long time. >> it's a real concern that our young people know less about credit than everyone else because they are using credit for the first time, whether it is for insurance or a credit card. even winning their first job,

that is a big and important area where young people are looking for a job and may not realize that even their credit can stand in the way the one that's one of the things that we can sort of teach and so they go through it. do you know what i mean? >> if they don't teach freshman orientation courses around credit when they enter college or even high school, i think it is so important. but the key is making it relevant to young people. and they have some people competing for this time and they need to make it relevant and we need to make it part of the learning process. charles: is interesting. if you're lucky enough to get a job out of colege, you just want to spend that cash and so how do you drive that point

home? >> young people want to achieve financial success like everyone else and they get that. and so the important thing is to make the connection that if you want to achieve financial success, it can make thousands of dollars in difference for the loan elements and it's really bringing those numbers to lie in ways that are simple. people get it and the problem is we don't teach it. charles: stay right there, we will bring in sabrina schaeffer and david asman and chilling can. so how are you feeling? i mean, are going to stick up for your people? >> according to the same survey just over 40% of consumers who are adults and older generations, they also have no clue. so there is that the statistic as well. so it's clear there's a lot of education on this topic.

but what i think is the one here is if you look at the way millennialist spend money and make major purchases and they rely on credit ratings and more and more of the choices are deyed according to a lot of different research. buying a home, purchasing a car. at at millennialist have unemployment at villa, part-time jobs to do with command also learning about this is more important than ever and to your point here. so you only learn it. >> i was talking to my niece last night. so many rich people are paying cash for things that people who are getting their first mortgage are getting squeezed. charles: i also know that some put 20% on. >> even if you put that down from its tough to get a mortgage these days especially if you're a young person. charles: i also think, and i don't know if you are older than

that, but i feel like we don't have faith in the future this or not saving for college or retirement or to buy a home. we are living in the moment as a people. >> i think there's a tendency towards that especially only talk about how government is going to take care of all these things. and so money is a little bit more concerning. and at the same time, i like to be upon the window sometimes. but you don't always learn new things and leave it there and sometimes the credits were slow because you haven't been taking a lot of credit. the maximal sum that young people think that credit repair companies are going to help them when in fact they can sometimes not help them and it's been so interesting. so if you show people what they can achieve financially in ways

that they can relate to, they get it. but the problem is that they don't teach them until it's too late and you can't get that car that you want. >> i would love to have taken one of those courses and i think it would've been so valuable. but in these courses they also tell young people there is that 17 trillion-dollar debt and that hinders your earning potential. as we really need to educate people about how this works. >> before we close out this segment, how does it look two maybe two or three streets that had mandatory high school education with respect to finance 32nd better? >> we are seeing a lot more states incorporate education regularly as well as corporations getting behind educational programs and a couple of things that they can

do as parents is take out authorized user as this goes and they can actually get a credit pulled. so those are just a couple of things. >> that is a double edged sword right there. there's so much more we can talk about and we appreciate you understanding. charles: you may want to stay away from google before the midterm elections. why they could be shaping or political opinion without you even knowing it unlimited cash back. let that phrase sit with you for a second. unlimited. as in, no limits on your hard-earned cash back. as in no more dealing with those rotating categories. the quicksilver card from capital one.

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charles: in tonight's business lets.

a study shows search engines like google and yahoo are able to sway elections and you have no idea. let's get back to our all-stars. should we be worried? >> welcome i don't know if we should be worried but the reality is that there are plenty of literature publications out there and in this case it's going to be an algorithm you want to show you guys how easy it is to be swayed, you guys have an opinion and a teleprompter and you say it. [laughter] this was raised in india where they found out that fiddling with the search, you can affect 12% of the final vote. 12% could change and they did the same year.

like rick santorum and others. and they've done that before. >> they sway people's opinions. that is what they do. >> just for the record, google claims that they put the most relevant search result and part of that has to do with this and that goes into the equation for the al but if you look at the way that undecided voters approach any sort of election, oftentimes it is worth limited resources. >> so to your point, i do kind of worry because they overwhelmingly donate and you have to wonder, all it takes is one or two rogue employees. >> eric schmidt believes there's

a culture and they claim that they don't do any kind of manipulation at all and we don't have any proof of that. >> the best thing would be for them to pay attention, especially those on the right there that are so far behind and so focused on the turning out this and there's a lot that can be done in a positive way. at the same time we can learn a lot about how we can target voters who might not otherwise we on our team. >> was also interesting is looking at these different ways and who you're friends with stillness go to another product, breaking down and it costs only $152 to make, so they want to

charge $1500 and it's up to you. >> there's a lot of nonmaterial. and there's a lot of nonmaterial that goes into making these products may far outweigh the material and actions are it's a kind of a false sense just to add of the physical stuff involved sumac had lawyers come engineering spirit there's a lot that goes into it. the capabilities and i think what is most interesting is we are talking about technology and what it means and earlier in the show we were gathering data and this is part of the information and a lot of it is very useful. a lot of wearable technology for a lot of people. >> i'm excited about the technology part of it.

>> so we should ask them to pay more in taxes, somehow this corporate income statement wants to the public. >> but the profit margin is so large, my husband owns his own small business and i see this happening all the time, what is the one to cost me thinking that there all sorts of costs in the manufacturing and just developing the products. it means that people might be thinking a little bit more about what goes into creating business. it's just not suddenly people got together, there was a lot of hard work and innovation. >> what about pharmaceuticals that take years and years of trial and after? >> they also have a limited amount of time to profit from it. and so i'm digressing a little

bit we are seeing it, and you have a very big profit margin in all of this, they have gigantic profit margins. i'm kind of glad to see that. cemented as a whole show on silicon valley and it makes it easier. >> there's a lot going on if you follow what's happening, using public location and there's a lot of this going on. >> the two areas are silken bow in washington dc. >> absolutely. and by the way, we are showing how much of cost to make certain

items. trying to make a profit. and it's interesting because a lot of people think that companies talk about revenue. but they still make a lot of money. >> a lot of them want the feedback and that is also factored into this. >> the third issue here. would mitt romney be president if mitt romney got his way? [inaudible] >> i think is terrific, i don't know if you ever saw him. and he's so smart and he has a great story and it would've been so much more exciting. charles: unblushing.

[laughter] >> i don't think that mitt romney should have chose this. i think the republican party should've chosen us. >> i tell people that i honestly believe, you know, i think mitt romney could have been president obama. and i thought that romney dropped the ball because he got to comply after winning. i just think what the president has done, he had this opportunity to bring the country together. and it's just heartbreaking two it's because you don't pit americans against one another and that is something that we really need to understand. >> in politics they go way back.

>> they have 65 million names. but it feels like people want to think that president obama was a seasoned politician, a community organizer. he's more of a politician than most politicians small-business owner, we are not going to elect someone with $100 million. >> i think the next president, whether democrat or republican, they need to be a governor, someone who has had a direct impact on affecting policy. >> i think you're right and i think the governor of maryland

is actually going to give hillary a run for her money. >> it sound like we are ready for 2016. thank you guys so much. washington ran up a huge surplus in april. time to celebrate? we are asking our viewers at home. one surplus and what is friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.

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last the entire year, not just two weeks. meanwhile christine lagarde is being protested by college students. she said they should not be allowed to disrespect the speaker no matter what their feelings are. that is one problem, no respect for others. susan rice, why do students even have a say? can't they learn something even if they don't like them? and graduates now have a high school education. finally, cash or credit? it turns out most people are saying credit area they say we seldom have cash in our pockets. debit or credit cards allow you to keep track of all of your expenditures and they also allow the government to keep track of all your expenditures as well.

one watches the cost of things more closely if they use cash according to one. you can send me tweet. thank you kennedy: why do some people hate libertarians? we're thoughtful, logical, and dispassionate our foes come out of the woodwork to barbour ideas, liberals claim to love freedom. but they want to control what you put in your body. like sugar, how you protect yourself, and how much you earn, conservativeist claim to love the constitution and second amendment but they would be thrilled to use the government as a tool control from bedroom to battlefield. they are all filled with inconsistencys and den tension, sometimes it is fun to watch