summer, and kevin mccarthy's movie reviews. bye. fighting in iraq escalating and now aaa warning, get ready for even higher pump prices this summer, and what are some lawmak lawmakers doing about it? calling for a gas tax hike. yep, they say we need it to fix the roads and the bridges here at home, but is this any time to jack up the cost of gas at home? hi, everyone. i'm brenda butner, and this is bulls and bears. these are the bulls and the bears right here on our panel. welcome to everybody. gary, kay, the mess over there, and already hitting us at the pump here and now they want a 12

cent a gallon gas hike? >> well, it is not to raise the marginal tax races and payroll taxes and now they want to go after the gas taxes at a time when the gas prices are spiking and iraq may blow up here, and they may spike further and this is the worst possible time, and a 12 cent tax takes $13 billion out of the taxpayer and that means not the time. they will spend $3.5 trillion which is double this government of 14 years ago and they have plenty of money to fix the roads. leave us ale loan. >> and jonas, you been talking about hiking the gas tax for quite a while and right now the right time? >> since 1973 the last time they raised the gas tax which is one of the many, many reasons that it needs to go up, because it has to keep pace with the cost of improving the roads and the money is not going to leave the economy or go out of the pocket, but going into the fix the ro s

roads. it is never a great time to raise your costs, but nobody wants that, but compared to the last decade, i can't figure a better time, because the consumption is lower and the production is higher domestically and what better time in decades can we handle just bringing it up to where it should be adjusting for the inflation. >> and gary b., can you answer him? >> well, i think that jonas is finally on twitter, and that is a big news. >> yes, 18 followers and counting. >> second of all, and jonas always defaults this, well, listen, it goes from one pocket into the other and it is not wasted money at all, except when it goes through the government which acts as an inefficiency filter. you give them money, and the government with this gas tax and does it all go to fix the roads and the highways? no, it is going to go to build the bike paths and the bridge to nowhere and the government treats all taxes as a big slush fund that they can spend as they

want. i would agree with jonas totally, and we would have enough money in this to fix the highways if they actually used the gas tax to fix the roads and the highways, but they don't. they use it for silly stuff. >> well, sasha, good point, because there are plenty of potholes out tlshhere, and we f them everyday and the roads need fixing, but the money does not always go there if we hike the taxes? >> well, that is right. but the problem is that the way it is handled now, speaking of inefficient is that it is really transferring the costs of money around from within the taxes that are already taken in, because we don't have a dedicated, enough dedicated money enough to keep up with inflation as jonas said. >> but is it going to be dedicated? it has been in the past. >> well, it should be. >> well, in washington, whether the government does it efficiently, who knows, because we would have nothing happening

without it. so you have to keep up and there is not enough money to keep up with it, so do we legislate by crisis and wait for a bridge to collapse and watch the cars plunge into the water or figure out a dedicated source for highway funding. >> what do you think of that, john? >> well, i think that jonas' dog is on twitter and not jonas. that is why the pictures are so cute. >> and remember, #bulls and bears and get in on it on twitter. >> well, now is not the right time, and last year we had the sequester, and the national parks closed and the low driving season and you add this into the problems in iraq and the contagion of the country of iraq, and that is a big deal. i'd rather do it in the fall, but the problem of what everybody is talking about is up to 20% of the transportation fund according to senator coburn is spent on the bureaucratic pet projects, so we are wasting that money. look, the lottery was sold to the southern states that it

would help the education, and people accepted the lottery because of that, and it went into the general fund, and surprise, surprise, and the politicians lie. they nearly all lie. they want to get re-elected and this money fit goes into the government coffers is going to be lost in the system. if this went towards transportation and roads and bridges, i'm 100% for it, but it won't though. >> that is a good point. gary k, let's talk about how far you expect the gas prices to go up with this iraq crisis. >> look, it is going to depend and we are hearing that the bad g guys are getting one of the big refineries and if that occurs and the supplies are constrained, i can promise you that the prices will go higher. iraq has a ton of exports, exported oil, so that would not be good. and look, every dime counts at this point in time. let me say this, when can we possibly trust government the do the right thing with the money that we do give to them? we were told that the stimulus bill $800 billion and a ton of

it to infrastructure and not a dime of it, and i don't trust them with our money. >> jonas? >> well, pretend that 50% of the money is bribes and paying you guys to stand around and eat doughnuts and hold up the signs that say one lane construction, p that is one issue, but the no money means that the roads won't get fixed. >> they have the money. >> you are asking like the waste goes away if you starve them. that is not proved that all of the sudden, let's get more efficient and stop throwing the money away, because they are still going to build the bridge to nowhere. and so we don't have a choice but to keep up with the road costs and just figure some money is going into garbage, because it is not going to be building e roads, people do. >> and why jonas is not an elected official is e beyond me. >> he'd be perfect. >> he is brilliant. >> and he has the perfect ticket.

>> yeah, exactly. now, you did ask a good question, how high can the gas prices go? well, at this point, they are self-limiting and we saw it the last time they went over $4 and right now people have options especially in the summer to is have a lot more time off. if you were going to take a vacation and drive from d.c. to north carolina for example and look at the price at $425 and you say, stay around here, and they have those choices around here in the summer and people get more of the va case, and the other choice that we didn't have back in the '70s for crying out loud is that people can work from home. i will go into work three day a week instead of five. we have more choices, so when we get over $4 people will pullback and we saw it in the last spike in gas prices. i think that we will see it in this one, also. >> and john, the u.s. is producing the highest level of oil production in years, and does it factor into this? >> absolutely. look we lost 1.3 billion in libya and went from 1.5 to

200,000 take n over by productin in north america predominant ly and you could lose up to 2 billion in iraq and saudi arabia could take on that extra capacity, and north america does help, but you can't cover that shortfall, because if the terrorists, the isis group takes over baghdad which is a 50-50 proposition, you will see the oil prices significantly higher, because from there they go north into ckurdistan, and if that happens, the worst case scenario, you could see gas prices to $4.50 and even $5. >> what do you say sasha? >> well, i think that it is true what gary said. it is almost a perverse reaction that the higher the price goes up, the better people make decisions in terms of not using the oil.

so it is a windfall that you get out of it, but it remains to be seen what happens in iraq. >> okay. thank you, guys. while some of the troops are rushing to protect americans over there, washington is still not rushing to help our veterans here. neil and the gang demanding answers in a moment, but up here first, pushing the minimum to the max. now going global. an international organization that we have helped to bail out now telling us to hike wages. someone here is about to tell them to take a hike.

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for more, logon to foxnews.com. it is not just unions demanding it. now the international monetary fund is telling the u.s. to increase the federal minimum wage. the same imf that relies on our funding and money for bailout, and gary b says this is more proof why we shouldn't do it. >> well, it is idiotic, and every time i read about this n minimum wage issue whether it is from the imf or the obama administration, it bugs me. first of all, raising the minimum wage doesn't cure poverty. why? because most people are earning the minimum wage are young part-time teenagers working a part-time job and the average ip come is $53,000 well above poverty. so when you get the people saying they want to raise the minimum wages, it is the greedy corporations and the guy with

the 200 mcdonald's franchise and if it is true, where does it go? it goes to the workers and then the owner has less moneyt a tend of the year for profits in which to build other businesses and hire other people, and it is not a winning situation. it is absolutely idiotic, but thank you, imf to tell us how the run the country. >> well, people on the other side, gary, are just as hot about this as you are. we have seen lots and lots of protests, and jonas, the imf says that we have the lowest minimum wage of all of their members, and that is part of the reason they want us to hike the wages. >> well, that is a strong point if the other countries had a really low unemployment, but they don't. in most of the european countries, they have higher unemployment than america, and there are a couple of countries like japan and canada who do have high wages and low

unemployment, and when that is the case, you normally do have high wages. so whatever the indexes of inflation and levels that we should have, we should continue at that level, so they are artificially low right now, but we don't have to listen to the imf to take their advice to take loans to ignore the crises, and we can look at our own state who has raised it and see whatp hs in the next few years. maybe good things will happen. maybe not. >> and john? >> well, if you create the jobs you don't have to worry about the minimum wage. look at the states with the fracking, they don't have to worry about the minimum wablg, but worry about housing and you don't have enough workers in those places, and there is no way to compare tupelo, mississippi, to new york city. that is why they need to do it state by state. 22 states and the district of columbia have a higher minimum wage than the federal minimum wage. if seattle wants to pass a $15 minimum wage which they are doing right now, they should be allowed to do that because of the economics of the situation. it does not translate to birmingham, alabama.

making this argument naxwide make make -- nationwide makes no sense. >> and sasha, listening to the imf says that the gdp is going to go down to 2% this year, and so is this the right time to hike? >> well, diane, they study different country's economies, and so they study our economy and it is something they feel is a valid point, but in terms of whether we should raise the minimum wage, and it is funny, gary b, your argument is that you are so clearly fixed that the other side is idiotic and i think that yours is idiotic and it is interesting how you differ, but it is what jonah said, it is not indexed to the cost of living. so it has not gone up to 2009 and the value of the $7.25 is down 6%. so the idea that there shouldn't be and a increase and you should

work for less every year because of inflation does not make sense. >> gary k, what do you say to the imf? >> you don't want to know what i would say to the imf. >> i am sure it is worse than idiotic. >> look, it is simple, when you mandate the higher costs to business owners they are going to make decisions that you don't want to hear and that is why the nonpartisan, and the nonpartisan cbo said that 500,000 jobs would be lost if we raise above $10. and john is right, 22 states and d.c. are already above it and additional 24 states and 22 of them in legislation right now to raise it. good for them, and let them do it on a state by state basis and based on the business atmosphere there and all be well, but all of the mandating including the obamacare only hurts the economy and business. >> all right. gary b, last word, quickly. >> well, i have to rebut sasha's

point who said that my side is idiotic and the other side is idiotic, but my side uses logic and simple economics and the other side uses pure emotion, and that is the difference. >> and that is not what my side does. okay, guys. thank you very much. so the price tag keeps growing as the obamacare blame game keeps going. >> we knew we were facing very daunting odds. we had right wing media, and the leadership in congress determined on the house side to stop this law at any cost. >> she's blaming obamacare's failures on critics. failures on critics. someone here says that we

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so, before the break you heard former hhs secretary kathleen sebelius blaming the obamacare woes on the right wing, but is this the real culprit? a new report saying that the obamacare subsidies are on track to cost billions this year, and comes as this number keeps exploding. john, the administration says that the subsidies are helping to bring the costs down for millions of people enrolled and what do you say? >> of course they are saying th that, and saying that the right wing somehow caused sebelius to go to canada to spend hundreds of billions and she could have hi hired a couple of guys in silicon valley who built things out of their garage. but you can't, surprise. and etch boehner who said that

you can keep your health plan, and you can't. they say it is going to work, but it is not working, and right now it is paid for by subsidies and increased taxes which is opposite of what they said they would happen. >> and the subsidies are quite substantial, sascha? >> well, the reality is that all of us have subsidized health care, so if you are thinking of that is being spent in the deductions of the employer health care, and looking at the $11 billion. i am not saying it is not a lot of money, but it is not anywhere near. and who among us is going to say, here, take my subsidy back. >> gary b, what do you say? >> well, the bigger issue is that once again we have faith that the government can somehow run an efficient program. it can't whether it social security, the v.a. hospital or for crying out loud, the

interstate system or the landing on the moon and you can argue whether they were successes or failures but the fact of the matter is that the government says that a dollar is going to spend, you can count it is $10 to be spent. >> jonah. >> and who wouldn't want a little bit of equity and we have a revenue model tied with this which is the dow, because it has a capital gains component, and fortunately the high costs will be paid for by high tax revenue. >> gary k. >> you cannot charge people for insurance $82 that actually costs $246 and have the government slash the taxpayer and pick it up and think that things are going to be ending up well. gary b says ten times, but i say 100 times, and this is going to blow up over the next few years. >> that has to be the last word. thank you, sasha for joining us. is dr. oz living in the land of oz when it comes to miracle weight loss pills? c capitol hill lawmakers believe it.

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prediction and garrity is p up. >> and brenda, global warning alert. nasa thinks that this is the hottest may ever. i say cool up by carrying the company united technologies up 30% by the end of the year. >> john, a bull or a bear on

that? >> good company, but not up that much. >> and what is your prediction? >> well, robert morris is giving scholarships for video wizards and i wish i had this when i was a pacman wizard. stock is up 15% over the year. >> and rachel, my daughters no more limits on the xbox and what do you think? >> i don't think so. >> gary? >> i think that i am expecting 25% by the end of the year and buy the gld. >> and now it came out of the c coma and sell. it is going to go back down. >> and jonas, the prediction? >> one thing is clear for senators abusing dr. oz for pitching questionable things on the show, and i wasted a fortune on the magic green coffee to lose weight, so i u want -- wan make it back by buying dick's exercise equipment. >> and so you have eaten french

fries and never gained an ounce, what about you gary k? >> i don't want to buy at m m mt highs when the trading is market lows. >> okay. neil is next. rushing to send the troops over there, but where is the rush to take care of them right back here? hi, everyone. welcome to neil cavuto, and with more than 300 troops headed now to iraq, and washington still has the head in the sand when it comes to cleaning up the v.a. back here. still no fix or decision or plan. still the lawmakers with no clue. ben stein will be back next week. what do you think of the developments this week? >> well, the administration has stakes too high