let's look back to the '80s and '90s when asset prices were rising and they were happy. if in fact trump's appointees leave them richer, because of what they brought to the office, the economy is bert off and economy is much happierments people are very rich, they were very successful in the private sector, they got rich as a

result of that, a number of them are billionaires, is that a good thing? >> not necessarily. david, i wouldn't like to see george soros' face up there and he's one of the richest in the world. >> not all rich people make the right decision? >> exactly. i'm more interested in people who believe in the principles of the constitution and favor individual liberty. beyond that, they've been successful in business, it could be a plus. one of the things i like about his top cabinet picks, he's much more heavily tilted towards people with business experience who had an also not been in government, but we've had for the past eight years is exactly the opsite. >> rich, we're a freearket system and generally speaking, people do the right things to become rich, right? >> yeah, that's why i support what he's doing. look, investment creates prosperity, prosperity creates wealth, wealth creates more investment, and the cycle repeats and that's how you get from 2% growth which we've had

the past eight years to 3 or 4% growth and that's what the country really needs right now. >> and sabrina, i don't think we ever need people who think of public service as a quick and easy way to get rich, right? i can't help it, but i'm thinking about the clintons, thinking about a lot of people that work with them and it happens with republicans as well. people who profit off of their public service? >> of course, david, you're referring to this revolving door we have here in washington where people go in and out of public service and they do get very rich. i think the one thing i do like about some of the ideas of pulling people in from business is that they have real experience and all sorts of different fields, from industry, to medicine, to law, that's a great thing, it means they've experienced firing and hiring, ups and downs, they understand regulation and political red tape and that can only help us. >> e-mack, what do you see? >> i don't want to see any corruption probes or any incoming, that's what elizabeth warren was getting

with ben carson, going to benefit from hud money. i can see the question, i understand what she's trying to say, i don't see that happening, but trump still has a stake in his empire and he's going to get dinged for that. but that's an issue, but the issue that we've been living with for eight years is the mindset of the democrats. he "you didn't build that" attitude and bernie sanders going off a small business guy saying i'm not concerned about your i think come, watch this. the financial times indicate the aides, five years in the private sector for obama's. >> no receiving public housing fends ever, i don't think there's a conflict of interest there. bruce, you don't support people trying to get rich off public service, do you? >> well, here is the deal and by the way, you know, president obama has penny pritzker, the head commerce secretary, took six months to

disclose her conflicts and whatever. i think that the cabinet people, one of the things i'm listening for, what are they going to do with the little guy? when steve mnuchin gets up there and testifies will he get rid of the loophole and tack cuts for the middle class? i want the cabinet people to be transparent. that's the problem with donald, we don't know where he made his money and who he owes debt to. >> go ahead, sabrina. >> the larger point, the problem with having people from business is that government has simply grown too large and too invasive. so, i love the idea of people coming in from outside of washington to serve at any level of government. the problem is that government is in every industry, it's in energy, it's in education, it's in health care, it's in oil. so, i mean, it's hard for government not to-- or hard for these people not to be somehow impacted. that's a very bad thing-- >> and john, one of the things i love about forbes when they put together their richest americans, you know, they-- or they put together the richest people in the world,

most of them are americans and most of them didn't have money to beginwith. most of them are self-starters. isn't it better, if you want small business to grow, you get people who know what it's like to start at the bottom? >> yeah. you want people who have lived under the laws that have been created by republicans and democrats, over the last few decades. i think that ultimately helps. i like people who have skin in the game. if, in fact, they do, they are going to make laws that make it less penalty focused on people who have wealth. it's about what they propose. skin in the game is helpful. >> i'd like to see every democrat, every elizabeth warren, president obama, bernie sanders go start a business under the rules and taxes that you created. >> right. >> and this idea that, you know, oh, a business person is in the white house, and the cabinet. fdr had businessmen, and we

lived through an abnormal period in the last eight years, fell through the looking blast and all of a sudden, they're evil. no, they pay your paychecks, washington d.c. >> i get the point that some make billions over relationships with capital cronyism stuff. but rich people deserve to get there because they deserve to get there, true? >> that's true, but your cabinet picks are very few, so you have a wide pool of rich people to choose from or people that aren't rich. i'm concerned about their principles, what they believe in and followed through in their life. we've talked a lot on this show about giving the average joe a chance. the way you do that is you follow the intent of the constitution and you push individual liberty. there are a lot of rich people against that. >> you know, you make a great point and rich, i'm going to go to you because, particularly in wall street, the area that mike and i live

it, there are a lot of rich people who forgot where their roots are and forgot about folks starting at the bottom. where you are in silicon valley with the self-starters, it's a very different situation. do you think that input is going to have-- is well represented in the trump administration? >> you know, you took the word right out of my mouth. i see three goldman sachs executives, wilbur ross who buys distressed assets. i'd like to see from the boot straps entrepreneurs. i was thinking fred smith of fed ex who started fed ex in 1971 or john mackie of whole foods or peter thiel. he needs a little bit more of that. >> we'll have to leave it there. coming up l.l. bean's co-owner stands up to those calling for a boycott because she voted for donald trump. >> they want to control our money and how we buy and where we buy it. that's wrong. that's not american. k to forb.

david: donald trump praising l.l. bean's co-owner for standing up to liberals, calling for a boycott because she supports donald trump. trump tweeting thank you to linda bean of l.l. bean for your great support and courage. people are going to support you more now, buy l.l. bean. kind of an ad. and here is linda bean saying why she is not backing down.

>> it's a bullying. it's bullying me personally. it's bullying now the company that didn't give the nation. i gave the donation personally to a pac to support trump, but the point is we should have that privilege. we live in america, this is a free country, i thought. david: i love her attitude. isn't that how companies should deal with liberal intimidation tactics? >> you're right. you have to act promptly or otherwise this'll paint you as something that you're not. good tore president-elect trump tweeting out. he has nearly 20 million followers, they want to know what he has to say. david: what about her attitude, that's the way you stand up to these things, right? >> i applaud her for doing that, at the same time i think this grab my wallet campaign is going to burn itself out. there are 80 companies on the black list. i thought that liberals hated black lists, but they've got 80 companies and the sheer noise of it all and the weight of it all is going to burn

itself out. david: john, do you think she's doing the right thing standing up to these people, these boycotters? >> i love she's standing up, but i think that rich is right. this is absurd. look, we all produce in order to get what we don't have. the idea that suddenly people are going to compromise their living standards to fulfill some idiotic black list is going to die of its own absurddy. david: e-mack, what about trump essentially coming out and giving her an ad or l.l. bean an ad by saying buy her stuff. and she claims that revenue increased since the boycott began because of her standing up and trump support. >> and donald trump saying buy l.l. bean. critics could say why are you saying buy l.l. bean. a retailer a rival to l.l. bean could say, listen, i make clothes in u.s.

why are you favoring that over my company you shouldn't president the presidency in that position. david: and the other hand and specifically on certain companies, tweeting whether he likes them or doesn't like them? >> i'm not wild about that personally, david. i'm glad she came out and said what she wanted to say, free expression, give money to any caidate or pac you want to give to and i'm with rich, this is absurd the idea that you're going to black list certain conservatives, the liberal side or the conservative one. i don't care who people support if they're a good surgeon or a good electrician or a good actress, i just want them to do their job, we don't have to agree on everything. david: some of these boycotts hurtment i'm thinking north carolina, there were issues there that people had with nem and they called for a boycott. they lost a lot of business and sometimes these things can hurt. >> i can't follow them all. i'm supposed to boycott macy's because i like donald trump or

boycott macy's because i don't like donald trump? >> you're not a screaming liberal. if you were a liberal you'd keep track of this. >> i can't buy a breakfast cereal without checking? i'm not going to do that. david: mike, the fact is there are people that do affect businesses, again, there was a call for boycotting north carolina, certain convention centers stopped using hotels there, et cetera. >> and a lot of people go through the news, david, just looking at headlines, right? and if you don't defend yourself and correct what people are perceiving you to be, then all of a sudden, if you repeat a lie long enough, people are going to think it's the truth. so she had to do what she did. >> i don't mind by the way, protest against government policies, if people -- that's free speech what's going on with north carolina's policies, but we're talking about companies, and what l.l. bean, you know, granddaughter is saying, they're out to cost people their jobs. it's the same issue with the mow sill d mch--

mozillo. i like what she's saying fighting back. david: rich, what about the fact that donald trump does focus on particular companies for good or bad? >> well, i think that will burn itself out, too. he's the president-elect still and his tweets make new so, hey, in the 50's, republicans bought fords and democrats bought chevies, so in a sense that's not new. david: he's read about that, he's not old enough to have lived through it. >> we own two fords, that's all you need to know. david: the cashin' in gang getting ready to roll at the bottom of the hour. eric, what have you got? >> the fury over fake news, and president-elect trump. is all of this helping him? plus, a painting hung on capitol hill portrays cops as pigs, republicans want it taken down and many democrats don't. are you okay with that? we'll see you at 11:30. david: i'm not okay with that.

thank you, we'll be watching. up first, did california's liberal government just admit regulations are preventing some americans from achieving some americans from achieving still trying to find how ara good site.going? they all...want...to... charge me. have you tried credit karma? credit karma doesn't do taxes. does credit karma do taxes? yeah, and they're totally free, so they'll never take any of your refund. oooh, credit karma...huh?

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>> california's democratic governor jerry brown says his state will not spend more on low income housing because they're too expensive to build, thanks in part to too many costly regulations. mike, isn't this proof that

government red tape hurts the poor as well as the rich? >> you're darned right, it is, david. the problem is you have an elite group of people in politics making rules for a vast majority of people when they know nothing about what it's like to start a business. so they put in rules and regulations. it stifles economic growth, and that's what hurts revenues coming from businesses that would go to the government. david: rich, you're in california, a lot of the one size fits all rules there, apparently they don't? >> california has 45illion people. the world wants to live here. we've generated companies like google, facebook, apple, et cetera, et cetera, plus the entertainment industry. that kind of prosperity drives up prices, so, i think it more has to do with market demand than regulation, even though we are overregulated. david: well, john, i love it when the liberals who are quick at making up rules realize when it affects them they're no good. george mcgovern, a liberal who ran for president in the '70s, got out of politics and

started a small one and went bankrupt. i wish during the years i was in public office, i had experience about the difficulties business people face every day. one size fits all ignores the reality of the market place, he said. >> yeah, well politicians don't realize that housing is a market just like every other. if you free up the market there will be different prices. >> it will be in san francisco and beverly hills, it will be expensive no matter what. >> i don't think it's an epip any for jerry brown. you look at the empire, suburban sprawl and it's an interesting caveat he made. david: okay, bruce. >> jerry brown said he didn't know what was going on at the federal level. we could have tax cuts that will blow a hole through the deficit. there's not going to be any money or anything, we don't know what the wild card of dr. ben carson is going to be on

housing so he doesn't know that. maybe one of his only qualifications is that he lives in a house, we'll see. david: bill, button this up fo us. >> if you want more housing, repeal rent control and land use regulations and don't bury every building permit in seven years of litigation and environmental impact statements. david: does that sound right, mike? >> yes, greatly reduce them. don't have to you have to go in if you want to reduce your driveway by three inches. >>. david: do we get it? >> new york city is not creating apples and googles, and facebook. david: hit them where they hurt. and costing over $230,000 bucks to raise a kid, that's not including college, but our infnfnfnfnf

>> and we will be open on monday. we're back with the picks to help pay your bills. e-mack, apple, so much about this stock. why do you like it now? >> wall street investors talk how cheap apple is,nd ireland's gdp. david: on the one hand, they have cash abroad they can bring back now and help the company. on the other hand donald trump criticized them for building too much overseas. >> it's a great company. i'm worried about one thing, they want to get in hollywood and they're going to dissipate some of that cash. david: what do you like, bill? >> dr. pepper snapple. the kid will get thirsty and earn back some of the money. that's going to happen if it's global warming and it's really, really thirsty. david: on the other hand you're hearing bad enough about soft drinks. >> apple should buy netflix in

answer to what he's saying. the unit that makes their health drinks may put itself up for sale and talked about that. that's about half the sales. david: be careful. that's it for forbes on fox. here is eric bolling. eri eric: >> i think it's a disgrace that information that was false and fake and never happened got released to the public, as far as buzz feed, which is a failing pile a garbage and as far as cnn going out of their way to build it up. eric: donald trump calling out media companies for referencing or publishing damning allegations against the president-elect. is this a lesson for trump haters in the media to play it straight? welcome to cashin' in, mercedes, and gina loudon and juan williams. welcome, everybody. mercedes, i have a feeling this won't be the las