tv Cavuto FOX Business May 22, 2014 8:00pm-9:01pm EDT
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>> i will not stand for it.r it not as commander in chief and ad also not as an american. if these allegations prove to be true, it is dishonorable and disgraceful and i will not tolerate it period. n and today, the president wasn't nearly stressed or concerned about the escalating crisis at the veterans administration. nowhere in his travel plans or itinerary today a mention of this will be a mass today.
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economies to question how seriously he is about addressing this issue. welcome, i am no cavuto. sending out all the wrong signals. we have our panel here. david asman and tracy byrnes. so how is the president handling this, to a neil: so baseball hall of fame, political fundraising, he does appear when you look at his itinerary is supposedlysue nfuriate him just yesterday. ts >> it is apparently bad objectsl it is not good to be talking tough on one very serious issuee and then moving on to morestven softer tevents in his hometown. it is not a positive development him.
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neil: the next day what should you be doing? >> he should have stated thatate the timetable would be forwou further action. because ultimately the bottom line is that the folks concerned with the issues include the actions he's taking that will follow this and i was disappointed that there wasn't more concrete action. i'm not terribly excited at the doctor general is leading anm investigation of this. for once i agree with oliverited north who i saw earlier on fox. let's have an independent body investigate the situation and to the extent the president's focus will be on developments with that investigation. beyo neil: i think sometimes the president did spell out thosee investigation. deiled r and you are right. i think today he might've been just visiting the va hospital. >> and giving the appearance
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that feels bad for these guys. . so i wonder how we rationalized not doing any of that. >> you are right, absolutely. it is not. a second term presidents chief ministrationet to be nth has his reputation intact. i think obama is wise to save the day. who he is the kind of president thar suits back, there are others whh naturally have a rolei to beturl first responders in situations like this . he did this onenghazi and he saw this with hillary and
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benghazi and heard much later from obama and that's why you don't volunteer for every single punch would have others can take those pics for you. neil: what we do know is the next day the president, after the ambassador was killed from a wintry political fundraiser. so bad at next. what do you make of it? >> we all look back to 1982 in a polaroid off the shelves instantaneously. on valentine's day that was terrib but the ceo talked about it and address it and put it to bed. ceos handle this much better. >> that is because they work for businesses. >> with all due respect i think that this is the strategy and it is his strategy to put it this
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way. >> therefore he can stand back and say that i am shocked and that is exactly what he did the other day. he wasn't responsible even though he knew this was an impossible situation. meet a promise that he couldn't keep. they have been unsuccessful and he made that promise, probably knowing that he wouldn't be able to exceed. he let his people do it is doing the fundraisers and everything oz and then he was shocked to find out that everything oz was falling apart or. neil: we were getting this echo effect that david was just mentioning. it's obama's problem now, the veterans affairs have been a problem for a long time. technically this is something that has been going on for decades. but it doesn't mean that it absorbs you from responsibility. >> absolutely. i think this is typical of his administration, checking off the
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boxes that these were planned for weeks in advance. neil: but how does this look as they meet at the white house? >> sometimes i don't think one hand talks to the other. this is what infiltrates this administration and its it's just so easy for them to get away with it and for the different departments not talk to each other, what you don't know doesn't hurt you. >> they think that we don't get it, that we don't understand the. >> the media isn't noticing. >> i think you're right, this is the first time that they have, but the fact is he has been given a pass on so much else. >> let me be the token defender of obama here. the business of the white house goes on every day and i can see going to a fundraiser, a hall of fame event, if we want the president to stop every time and
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we have one dealing with veterans, then we are going to be very disappointed. neil: just speaking of someone about how looks, that you are enraged and furious about this, and i think the president generally wise and. the next day to have a business as usual series of event. it reinforces a perception among many, including fellow democrats that stronger action may be criminal action that would be required. >> i think that this is a lot for people who have their minds made up one way or the other. bad optics, bad decision. but what i think we most don't want to see his change in action. i want to see what comes of his words and what he puts into play. everyone is calling for eric shinseki's head. that's the way washington works. the president has double down on
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him. he is respected, he is appreciated and we even heard john boehner writes to rise to his defense and the guy has done a lot of good into the va and patient care is better and he is well-respected inside the halls as well as inside the beltway. >> patient care is not better if you are put on a death list. and that is not good patient care and. >> whether it's government or sports or business, you cannot fire your way to a better program. >> every one of these crises, everyone gets away practically scot-free. @eil: what would be your scot-free. neil: what would be your timetable? neil: he is still there for now. thank you guys very much. in the meantime, obamacare opposition comes down to racism? >> people who have made up their mind that they don't want to work because they don't like the
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president, maybe he is of the wrong color or something of that sort. i have seen a lot of that. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day.
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afraid to invest 46% have thought about starting your own business on their own. they love the idea of being an entrepreneur. they have very little trust in anyone else but themselves to make that happen. they don't necessarily think that the future is going to be any brighter for them than it was for all of these other generations that tend to be a lot more positive. as we have 70 going out on the street and sort of picking their brains with what has them thinking this way. take a look. >> i think they are a bunch of cowards and they want someone else to take care of them. >> and needs to be approached towards professional life. >> at the work we did get the
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short end of the stick. because social security is going to run out at some point in all this money that i am putting in their i will never see again. neil: well, it's going to be there for me. [laughter] >> this is why they don't trust my generation. hadley heath is that she's very optimistic and she is in that generation. but they seem to be saying is that i'm a low, the way we see the world, we don't like it and we trust ourselves more than we do anyone off in soviet. what do you think of that? >> you know, every generation has unique struggles that they had to face to overcome. but i think when we talk about entitlement attitudes, selfishness, those are just part of the natural human condition and you can find an example that across generations.
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>> many baby boomers went through this deciding what to get. and i think we know how this feels. >> colonials entered a different type of economy when we >> colonials entered a different type of economy when we graduated from high school or college. we change this because of turnover or because we want to change it more frequently. the technology, finding out what matters to us most. we've been told to follow our dreams and the we love. and it has to be balanced. >> they are 20 years old, they are supposed to be selfish. anyone knows that. a look at what they have done, instagram, snap chat, they change the way we are doing things. i think these kids are just seeing it differently. to say that they have a bad view of work, maybe smokes like that
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neil: what i'm saying is that it was a very dire economic environment. >> and i'm just saying that things are always bad in the eye of the generation. >> she is a hundred% correct. >> there are unique challenges, we had the tech bubble burst as well. >> she is surviving on making $12 an hour at home, working 15 hours a week i stayed at home and she doesn't want to be home, she wants to be out there.
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>> their kids out there doing great things. we should stop being so hard on him. ♪ neil: switching gears. senator jay rockefeller crossing a line. >> people who have made up their mind that they don't want to work. because they don't like the president. maybe he is a vote wrong color or something of that sort. we have seen a lot of that and i know a lot of that to be true. >> a must-read from some inherent racism. my opposition to health care has nothing to do with this. >> here they go again. how many times have we heard
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how many times have we heard this? >> jay rockefeller saying this. is doctor ben carson abrasives? as is the wrong color? this is an idea that "the wall street journal" said years ago that there is a liberal plantation out there and if you are a minority and you don't agree with the liberal owners of the plantation, they say there's something wrong with you, there's a lot of people of color who were opposed to you can call races. there are racists getting money from this administration, including an organization at a conference call pitfalls of working with white people. this is an organization called beyond diversity resource. they got 250,000 for the department of justice in 2010 and these are the races in the united states government is using the taxpayers money to pay these people. that is racism to maximize the pitfalls are there.
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they benefit financially on the backs of people of color, these are things that they say about white people. they are arrogant with respect to people of color. they expect to be care for by people of color. they got half a million dollars from the u.s. government thanks to obama. neil: the point is that we pick and choose what we deem as an offensive point of view. so the president wants to do or the liberal media elite. just the opposite. >> it is a classic admission of failure. if you can't debate on the points where the merit, then you attack someone personally. that seems to be what is happening here. and he's calling a lot of people racists. >> this is why no one respects
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congress. >> talk about glass houses. neil: yes, hello. coming up, do your builder when jpmorgan chase committed $100 million to beefing up detroit? then i noticed that a certain rich guy named steve case see something there as well. the next entrepreneur could be from the motor city and steve case is putting a lot of money on it after this. ♪ ♪
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that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business
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built for business. 's the one they always say follow the smart money and don't go in on your own. what i'm hearing in the course of the last week, jpmorgan chase invested $100 million in detroit, of all places, a little bit more than a week after we were hearing they were selling homes there and then it takes the logical minds of the last generation. we have our cofounder steve case it is awarded 100 thousand dollars to innovators. and i'm thinking that these guys are seeing something that others are missing. the aol cofounder, the man was responsible for one of those talked about situations.
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he joins us right now. it's very good to have you. >> it is good to see you. neil: tell me what you are up to here. because i noticed among your sojourns about is included in that i've been talking for a while about this startup lakin sowden valley and new york city. they're also those regions rising in importance and they were brought in our ecosystem of entrepreneurship and innovation across the country. there is rise to this and we will start it off in late june and this is an example on the market with strong momentum was strong and innovation with strong and then it lost its way and fought its way back now. neil: let us know that detroit's earliest days was of silicon valley. great technologies with the auto industry that will change the world.
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like that back? so would you do to bring them back or read or interest? >> below 60% of their population over the last 60 years and i think what that shows is that it was sort of like the internet is today and innovation and growth. but then it lost its entrepreneurial mojo in a way that is globalizing and getting more competitive. the down is is leading the next wave of innovation with great ideas and that is what we are going to try to find. and we pick som are
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examples and it really is dynamic and my guess is 10 years from now. and that is great for the nation. neil: i hope you're right. i admire it going outside nation. neil: i hope you're right. i admire it going outside the normal petri dish to test this. they are distinct entrench it altogether and they like to be an entrepreneur to their own thoughts. and what do you think about. >> i think it's a little bit unique in that will be the best
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way to handle it. you see them starting a nonprofit, teach for america, some organization like that. but now people are saying that i can change the world by creating a startup that can prove people's lives, great jobs, great wealth and that is really exciting the imaginations of a lot of people and certainly steve jobs and starting and then leaving and coming back in and creating a valuable company by creating great products that inspire people's lives. so i just want to be in the start of sector on day one and i think that's great. neil: a lot of individuals are looking at us with the tech boom that we had in the late '90s and 2000 and now that they are
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retiring him, they don't really want much of a part of it. so as investors they don't seem to be keen on this. i don't think that's sure, and by what is happening. companies like aol building the internet. facebook, twitter, it's going to be taking the internet and integrating everything in their lives. things like education and health care, transportation and energy. this is a very powerful and it's getting a lot of attention. and it will be harder than this third wave was in the second wave. but i'm very encouraged. the thing i think that's all around the country, some of the great third wave companies will be in places like detroit and pittsburgh and cincinnati me
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trinh and that's very encouraging. neil: thank you so much. okay, this weekend, we have another godzilla. there was like, the umpteenth spiderman out as well. and the man who really made him stand out. and now everyone is doing it over and over again. his off on that after this and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. i got more advice than i knew what to do with.
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neil: all right we got x-men latest installment neil: the latest installment coming out tomorrow of x-men. they have countless cups a love movies. spider-man, of course. you get the feeling that these are familiar themes and characters characters, very good movies all, but you got to wonder where the original ideas are coming from. or are they just gone.
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tame ceo peter goober, you consid what hay has didn't he knows a thing or two about putting together with quality film, welcome back. >> my pleasure. neil: what do you make of this sequel sensation. >> yield is interested in show business. big access on business, they want certainty not variety. when you do these big sequels. you reach an international degree with certainty, most of these companies are public companies, dramas don't work well today, small little pictures don't work well today, they have gone through the huge pictures. train your dragon, rio, godzilla, batman, spider-man and superman together, because they
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can move the meter, the market has charged from a domestic market to an international market. nobody internationally can make these, they are made out of international hollywood. therefore the cachange of that is too compelling by hollywood studios not to aim their target as that target. neil: a lot of these stars go all over the world, in case of hugh jackman with x-men how far to tokyo -- off to tokyo after a stop in new york, but do you risk over doing it and you saturate a theme even when the rest of the world is been there done that. some say that is happening with the spider-man franchise. >> you do get the fatigue but every 6 years are so you have a
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new market. where do you aim? 5% of 7 billion is bigger than 5% of 300 million. it is seductive to studios to see that a film that even does not work can do two or three times when it did domestic with that international assurance. that will continue to draw the moth to that flame, they will let it rest. there are misses. >> there was know a precedent for that kind of an act film. you raise a good points, did the success and money you made off batman, of that great. -- that was great, did i is it offset, mega-bucks you get off of like a batman?
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pave the way for you to do a lot of other things, right. for the stars as well? >> it is life changing, you think of jack nicolson, original batman for us, made $50 million. he worked three weeks, there are rewards in these films, with merchandiseing, remakes, sequel, a very long tail in a package media, television, and cable. and mobile it could play forever. neil: you work on all of your deals. you leverage off of movies. >> the trick is you realize it hits are few, no guarantee of a hit. when you get a hit, you must be able to run the bases, if someone else comes out of the dugout, and runs the bases for you, you are not in the game for
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long. at the end of the day, if you create a fill that is a enterprise with toys and games, and as and merchandise that gross off of it, then have you a enterprise, it becomes a business of itself, and it lives forever, the sequel, the sequel, the sequel and the remake, they rest it, then come back with a new audience, the gift that keeps on giving. neil: sometimes they come back too soon i think. a year or two later. >> you may be right, but you know, studios' that in their quarterly earnings, they are looking for that certainty, they abandoneed dramas to independent film or long form television, low-cost films are abandoned, they are going to vod, they abandoned domestic represent tory -- so what are they left with? they are left with marke alone of these big franchise pictures,
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spider-man, recent one cost $310 million. that is what i heard, learned and found out i believe, to make, and probably close to $200 million with all of the marketing bells and whistles that is a half a billion for a movie, one movie, that opens friday night in the world, people create hari-kari if it does not work. >> are right, peter you, might have a futao*ur in i future in d thing. >> thank you. neil: when we come back, russia and china keep laughing at us? and china keep laughing at us? is it me, or don't we hav
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predicting the future is a pretty difficult thing to do. and china keep laughing at us? is it me, or don't we hav but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. carsthey're why we innovate.
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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 abnmal 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. neil: now i think it is just getting childish, this china tit-for-tat. indict the top military officials from a half world away, and tell them to come to u.s. court because they are
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wanted on cyber charges, then we hear from chinese they ink a deal with russian, for a big old energy contract, timing looks suspect. but it is what it is. we hear this from china just now, that banning use of windows 8 on government computers, because, get this -- they don't like our cyber security policies. so why should they beholden to microsoft 8? we have the former microsoft ceo, the theme is, a lot of companies are feeling the pinch. reporting their revenues in china, and region have been dipping. is there a connection? >> there is neil, i mean, i am on the board of a southeast asia company, with several chinese board members. they look at me, and say you started it. like two 7-year-olds yells at one another.
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they say, you know what about national security agency? what have they been doing? what about the leaks from snowde it looks like you are all over us, and we don't know it. it is amaze. neil: they never bring up in the conversation, like it was you guys hacking our defense system? do you remind them? if we're bad, you're bad too. let's admit wire both spying on each other. >> you would love t to have that happen. but we're not talking about adults, we're talking about people what are not acting like adults, this is a major food fight, like you see in the dorm of a college. this is crazy. thathat we can't talk them thro. neil: you know the argument, if it gets real nasty, it could lead to a trade war, growing sentiment that china buys less of your debt, we buy fewer things from them, where do you
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see going? especially as they get koz we cozy with russia. >> i think it will get more hectic, the core problem is the technology, it is not that strong from a security stand points. consumer love capabilities, and you know after the fact you start to realize, there a are security leaks, but they are serious security leaks these days. i expect this problem to get worse, not better. neil: if a new company branching out wanted to get to china, if you were in that position, would you aggressively do so? or would you pullback and look at other areas in the world? >> no you have to go there. just look at numbers. you know, over the last 15 years, that region, 300 million new middle income households that is like growing two u.s.'s. if you are a global player, you
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have to be there. and you have to start to learn how you navigate, that kind of a word. that reality today. >> very well put, very well put, robert thank you very much. >> take care, neil. neil: famous dave's barbecue ceo telling me, he is getting fried, he knows the food business well, he knows wha what it is like rug small,s and large businesses. small,s and large businesses. for all he said the same big as a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today.
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straoubgurstructureis differen l businesses it is amazing. they are disappear, they will go away. neil: that is former mcdonald's usa ceo taking over dave a barbecue, saying, you know hard to cut it these days with the rules and regulations. i got some outstanding product to compensate. dave mccarther a small business guy, knows a thing or two about what that other david said, have you been saying it for years. >> repeat, you know i have said it before, same hood we bought 12, 13 years ago, 13,000, are move recent bid to adan additional one was 33,000. equipment cost was no more than
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10%, it was always now you need earthquake gas proof valve, earthquake electric valve, fans and heating. neil: where is your business? >> st. louis, missouri. neil: is that a big deal there? >> don't you know that? i keep saying, doesn't anyone realize life has risk. you have to heat the cool air coming in and cool the hot air coming in, we wouldn't want to drip water, now all these things because big and even local government looking out for you much, think they are doing you a favor, they are just taking the affordable mom and pop businesses. the american dream for many people is now gone. neil: and now they want to double the wages. >> that is why we see a lot of kids go on internet and be creative there.
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>> i think it will is fascinating that slack of -- neil: true. >> dave is a hero, i dealt with him before, he is a real entrepreneur, in years past he would have been treated as a hero like people in power, instead he is treated like an evil capitalist who needs to be held down. >> it has gotten worse for the little guy. if they hire someone to figure out to get 3 this mess, they have to hire someone to figure out you to to get through this mess. neil: ignorance is no defense, right? >> yes. it does not pay the fines. the moment the osha inspector walks in, if you hope you got out for $5,000 to 7500 slap on
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the wrist have you done good. neil: maybe just give him a cream puff on the way out. where do you see your future? >> you know, the biggest problem, it is such an unknown, right now from the what the economy has done, the economy is still not good, gasoline prices are still high, i have maintained to you, until gasoline drops ts to $2 .25 a gallon we'll never see the economy of 80s and 90s, it cash flow, fry to open a small business. neil: i cut him off, how rude, i'm sorry, that is all the time i'm sorry, that is all the time we
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of minimum wage. some found benjamin's remarks priceless, others said they prove he is clueless. small businesses, victim of bin mum wage, ben jenin is wrong, your young male guest with the frizy hair who said we raise politician wages why not the restaurants, what if we raise the cost of burgers and s fries to raise these wages. sandy in oklahoma, i work at mcdonald's, and serve mickey musmickeymicmickeymouse pancaket that was not by profession, what happened to us. erika, neil, listen, you sound
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like a manufacture less bastard -- a heartless bastard, think of people cookining food. i am thinking of people eating that food, and doubling so they can't afford that food. amy, minimum wage should be based on skill level not whether one could raise a family on it, to earn higher wages people must increase their skill level. my wife and i used to eat for inc--under 5 dollars with that e meal, and now it has gone up we no longer eat at mcdonald's, that happened when wages are what they are now, can you imagine how much pricier they will get. customers have little 57 tight appetite for minor price bumps. people will not pay the inplated costs, those jobs were never
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meant to support a family. >> how about we have two test beds for minimum wage in different states, let texas have zero, and california $15, and see what happens. jeb in ohio, when are they going to double our social security checks to afford a big pack? and tony, people forget fast what unions d to floundering detroit, they are doing it again at mcdonald's. employees that protest, for minimum wage becomex-employees, will do are menu would b become5 value menu. i can tell you it will hurt, who will be the democratic and
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republican nominee in 2016? darn if i know. but i said it won't be hillary clinton on democratic side, many panelists are surpriseed, ron, write, you may be right about hillary clinton, she has a lot of baggage and slick has lost his edge. but, even a broken clock is right twice a day. every has to just put that little caveat in there. he likes carson even without a political background. frank writes, you need to smile. frank, you need to go away. kay, what is the deal, neil, with letting your panel guests all talk at the same time, it is maddening, that is why we watch your show, we admire your clever
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wit. >> when i int run them you are robbed of that. i think that interrupttions are witty? >> are you . john: we're talking about the destruction of our society. >> my goodness, things are bad. >> drought. >> climatic changes. >> other global environment changes have emerged as threats to our very survival. >> it always ends in mass debt. >> even if we survive. john: our nation is in decline. >> the problem is unprecedented in our history. >> people will lose their jobs. >> simply put, we're in trouble. john: but wait, might we invent our way out of trouble. >> we have the technology. we have the capability to make the world's first bionic man. john: so many good things are happening. >> i just can't believe that i made
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