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tv   Cashin In  FOX Business  June 29, 2014 9:30am-10:01am EDT

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it's union liked. >> i don't like the fact that profits fell while revenues went up last quarter. >> watch out, folks. that's it for "forbes fox". the number one business blog continues. capitalism, president obama saying work place should be more like france's. pardon my french but are new work rules about to send u.s. jobs down the latoilet. a new poll shows the majority of americans smell cover up in the irs scandal. why is mainstream media turning a blind eye to what is going on. >> next time i think it is likely to be far deadlier. >> former vice president dick cheney says it is not if but
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when another terror attack hits america. "cashin in" starts right now. hi everyone. welcome. this week jonathan honing, michelle fields from the young america's foundation. president obama saying our american workforce should be more like france. >> if france can figure this out we can figure it out. >> the president pushing new french-like work rules including more flexible schedules. with a double digit unemployment rate and top tax rate of 75%. why would president obama want america to be more socialist than capitalist? >> his philosophy isn't that of an american. his philosophy is against a free market and free society. when the president talks about work place benefits he is
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talking about government force of the economy. france the maximum work week is 35 hours. employees get paid vacation after a month and get travel to and from work paid for and get lunches paid for. you know what the net result is? unemployment above 8% since the 1980s. that is what the president is advocating for he can keep it. >> unemployment rate at 10.4% now. >> young people in france, 23% unemployment rate versus about 13% still elevated here. why would we mimic more of what is going on poorly elsewhere? >> i think basic economic rule of thumb is that if france is doing it we should not be doing it. i think it is funny that this president is giving about advice when the president hasn't run a lemonade stand. we should want to be the opposite of france. when french workers were forced to have to work more than 35 hours a week they went out on the streets to burn tires. is that the type of society that
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we want where they go out and protest because they have to work? >> let me ask you this. are the crepes and croissants so good that president obama says let's be more like them? >> first of all, the president was speaking in jest. the whole idea was we are a stronger economy than france and we have better economic measures on every step. >> why do we want to be like them? >> therefore we can do better in terms of reducing stress on american working families by offering flexible hours, making sure children have child care provisions that don't bankrupt america's family. >> he was kidding that we should be more like france. >> was he kidding about we can keep your doctor? i'm not sure what he is kidding about. >> i think you are kidding because you want to claim he is a socialist. >> he is mimicking obama. >> and add sanity to the discussion?
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>> i believe that france and this is fact, they are trapped by a welfare state that is killing jobs and economic opportunity. there was a video put out in paris where they had a poll conducted that half of the young people in france would leave because there is zero economic opportunity with the 23% unemployment rate. here in the united states for 18 to 34 year olds that is 18.1%. we are getting to the point where we are becoming france. >> you say we are half way there. >> we are close. tax rates are exploding under president obama. we are making less. costs are going up. it is starting to feel like a french economy here. >> and with obamacare and expanding welfare state that is happening. >> what has always made us successful want to talk about how strong the economy is, what made us a strong economy is the fact that we are not like
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france. american exceptionalism means unlike every other country your life and business belongs to you. it is not government's role to tell you how to run your business. it is that individualism which has made us successful. the president talks about offering this and that and talking about bringing a gun into your workforce and making you act in a way you wouldn't otherwise act. >> i am saying we have social security, medicare, medicaid to help our elderly. >> they are all bankrupt entitlement programs. >> everyone is talking at once. >> these are functioning programs. >> let's take a look at median household income. we are almost double. gross domestic product per person in france is about
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$11,000 a year. president obama wants us to be more like france and will bankrupt all of us. >> no. we are a stronger economy. he is saying we can do better than the french and we should be able to do better. >> why? >> with obamacare our economy is unsustainable. >> guys, one at a time. >> all of these ideas are very great ideas. they are wonderful, idealistic. who is going to pay for this? the economy is going to pay for this. it is going to result in less jobs. yes, this is great. we can't do it. who is going to pay for it? >> we have to admit that in america the network that juan points out is extensive. it is vast. 46 million people on food stamps. trillions of dollars under president obama is being transferred from those who have to those who need. >> eric, i would like to point something out that in france we
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are seeing the wealthiest people leaving because taxes are so high. these people will leave america if we become france because taxes will be too high. he will have no one to pay for these things and the 46 million people on food stamps and becoming a dependent class. >> for a while france was playing around with the 70% income tax rate. they are pushing back. nonetheless the taxes are higher than ours. their social network is higher. people aren't working in france the way they work in america. we want to be more like that? >> we want to do better. that is the point of what the president said. i find ashley and michelle to be people who should say if i have a kid i want to make sure my family can stay together and i don't want to have to choose between my job and my family. >> juan's only answer is federal
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government. what makes us better is making us freer, not more dependent on others or government. >> i value a free society. i value a free society. i don't want people to take care of me. >> i have completely lost control of this block. we ran out of time. it is obviously a hot topic and great debate. you can continue the conversation on twitter. trending 22 weeks in a row. keep the tweets coming like this one. says obama should move to france if he likes socialist lifestyle so much. i just tweeted obama economics is an oxymoron. the irs scandal exploding on capitol hill but you would never know it unless you are watching fox. another scandal the mainstream media is ignoring next.
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>> one big difference, the bad guy on the street doesn't get to have his friends run the have his friends run the when folks think about what they get from alaska, have his friends run the 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. it's one more part of our commitment to america.
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>> how would you know what elements of the crime exists. >> 76% now believe irs e-mails that showed the agency targeted conservatives were deliberately destroyed. the mainstream media is ignoring the story, spending a little more than three minutes in the first week but spent almost two hours in the first two and a half days of chris christie bridge gate scandal. why does this matter? >> this is a criminal activity. i mean, all of these e-mails have suddenly disappeared and then six people intimately involved in this their e-mails suddenly disappeared. they are lying like a bunch of third graders. president obama is literally the president that richard nixon wished he was. no one is paying attention. no one is listening to this. the only people covering this is
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fox. we have agencies that are being controlled by partisan politics. that is very, very dangerous. >> i'm very concerned about the way the mainstream media is treating the scandal. as we pointed out three minutes on irs scandal and almost two hours when the bridge scandal popped up. that shows absolutely blatant. >> i think it is very important. i'm glad you are pointing this out because the liberal and mainstream media are only giving credibility to stories that they don't want to do damage to the white house because they are untouchable for some reason. so the irs scandal, v.a. scandal does damage because people in his cabinet and administration are failing to do their jobs and the scandals are outraging americans. when you say a poll is showing 76% of american citizens think the e-mails were liberately lost
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that shows the administration has a problem in communicating with the average citizen. so congratulations to fox news for covering these things so that way they can be exposed to the american public which is what the mainstream media is supposed to be doing. >> let me just read this. "new york times," washington post and "l.a. times" combined in print when it came to the bridge gate scandal 56 print stories. when it came to the irs three stories. when it came to the v.a. story two print stories. there it is in plain print. 56 versus three and two. >> you are comparing apples and oran oranges. we have been down this road before. >> one targets conservatives. i have 56 stories and when it targets the white house there are two. >> eric, why don't you go back to when the irs scandal broke? >> that's what i'm doing.
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>> you go back to the set of hearings held by republicans in congress. >> you are talking about the media. >> i am talking in the first few days after the stories broke. these are apples and apples. >> there is no news here. remember, that is what you do in news business. >> no news? the e-mails are gone, juan. >> jonathan, let me go to you. the news here is if we don't have a media that keeps tabs on what is going on in the white house what do we have? >> we have a subservient media and a subservient culture. i think people aren't so outraged about the irs scandal because they believe it is the government's money and how they distribute it sometimes there are casualties along the way but you don't own your life. i think the irs scandal and bridge gate scandal are horrific abuses of power. when government uses guns not against criminals but innocent
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american citizens it is monstrous. people are lap dogs. american people are lap dogs now and the media reflects it. >> pull up the full screen accountability. american people want accountability. 74% of them say we want to continue looking into the scandals. 74% would agree with that. do you? >> this president promised to usher in this new era of transparency. where is the transparency? how are you not outbrajed by this? this is a government agency targeting people because of their political beliefs and act as though e-mails disappear. you don't think that is suspicious? >> i think you guys are loving this. it is easy to hate on the tax man. >> you don't think it is suspicious that hard drives disappear. >> if you have no evidence you shouldn't think they do.
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>> here is the issue. it is not even the question of what happened with the e-mails. for me why isn't the media -- why are lefties saying there is nothing to see here? of course, there is something to see here. you don't want the irs to be a biassed agency. that would be the worst of all worlds. >> you don't want people indicting folks when there is no evidence, no wrong doing yet proven. not even a smidgen. >> we ran out of time. >> juan is drinking the kool aid. >> coming up iraq getting more dangerous. terror attacks on the rise terror attacks on the rise looks like we're about to board.
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we'll have a live report on the irs scandal coming up in just a few minutes. join us. the isis crisis getting worse in iraq and former vice president dick cheney telling elisabeth hasselbeck it's a serious threat to us. >> are you indicating that we are on track for something worse than 9/11? >> i think that's a possibility. >> now take a look at this. all this happening as president obama is cutting our defense spending. now actualthe threats are growi. is this the time to be cutting our defense budget? >> definitely not. it is responsible government to look at the budget, assess it and make necessary cuts, but i don't believe that diminishing our national defense budget is the way to go. then we're putting american citizens as well as our troops in harm's way by not giving them adequate funding. by doing that with a growing jihadist and terrorist threat in the middle east and with isis
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growing and taking over cities in iraq, i really don't think this is the time to be making cuts. the last time this happened, we saw crimea was seized. that was pointed out at a young americas foundation last week. we're only showing our weakness by doing that. >> it doesn't matter how much we spend. as you pointed out, we spent a trillion dollars plus in the last decade. the question is do we have our moral fortitude to use our military right for our own advantage and self-interest. this has been a decade of war on terrorism and it's been about bringing freedom to the muslims and getting the respective muslims all over the world and iraqi freedom instead of american lives and american safety. we don't need to spend a lot of money, we need to declare war on the jihad and the states that sponsor it. >> and i think we have, jonathan, but you're not suggesting we continue -- >> we have? >> yes, we've declared war on jihad and on al qaeda, on taliban. so we've done that. now, my question to you is -- you're not suggesting we cut our defense budget, are you?
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>> i'm saying we could -- if we started by killing everyone at gitmo, for example, maybe bombing tehran once, it wouldn't cost too much money but send a strong signal to jihadists. >> no! >> let me get to juan and michelle. >> i don't understand. i think what we all believe is in lower taxes and you say oh, no, more, more, more money down the drain with military. you don't think there's any area that can be cut. >> the military is just like every other part of the government. there's going to be redundancy, there's going to be bureaucracy and waste that can be eliminated. a lot of these intelligence agencies get virtual blank checks. we don't know where that money is going. i agree with senator rand paul. let's audit the pentagon and figure out where the money is going. fund more where it is working. >> michelle agrees with me. >> we're going to have to say thank you to michelle and juan and ashley for joining us this week. coming up, apologetic and deceptive about wealth. could hillary clinton use a
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time for what do i need to know for next week. just you today, john, you and i. >> great. great to be with you, eric. you know, it's not a racial thing, let me just say that from the outset but i do like the white medals right here. like silver, like platinum, like played yum. platinum and played yum are near
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five-year high. i own a few of them and i think they go higher from here, despite pretty uncertain stock. >> and i thought you were going to pick sears because you were wearing that sear-sucker suit. thank you very much. before we go, folks, i'm going to give presidential hopeful some free advice. >> we came out of the white house not only dead broke but in debt. >> then she doubled down saying she's not rich. you know, like the other people. senator, you and bill made $12 million the year you left the white house. they gave you $14 million to write your book "hard choices." your family's net worth is estimated at $100 million and growing. instead of being apologetic and deceptive about your wealth, you should embrace it and be thankful and proud we have such an amazing system in america. the free market and capitalism are awesome generators of wealth. finally, you might consider protecting the free market and capitalism for our kids and
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that, madam secretary, shouldn't be one of your hard choices. that's it for us. see you on "the five." have a great weekend.the followg program is a paid advertisement for the shark rocket brought to you by euro-pro. >> [ laughs ] [ british accent ] this is me new dyson slim ultra-light vacuum. >> this is my new shark rocket. it's also an ultra-light vacuum. >> now, my dyson has no-loss-of-suction performance and go-anywhere versatility. >> same no-loss-of-suction and same go-anywhere versatility. but my shark rocket is the only ultra-light vacuum that can truly deep-clean carpets better than a full-size upright. >> deep-cleans carpets better than which full-size upright? >> lab testing proves that the shark rocket deep-cleans carpets even better than your full-size, $500 dyson.

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