and one of the biggest fields in the world. four percent yield. >> kim. ugi. >> invest in energy and expensive. >> that's it for forbes on fox. charil casone with cashin in. >> start up company getting half billion in loan guarantees. and they are building the them in who can track the cash. our crew in week. wayne rogers and johnathon and tracey and john. and joining is democratic strategist regina. and we'll start with a crazy story here.

is this ficaso a ficaso. >> the investment in private company system a ficaso. it is encouraging enterprise that never happened in the end. we sent jobs over seas. the president of fiskar has to go where the money is. he's not doing the right thing the ceo said he is contracting out the work in fin landd and the design here. he's on the defensive about does that fly with you? >> it is not just the fact, but the process allows the congress to be bribed if you will. all the lobbyist get in on this and people are bringing money. for example for the solyndra situation. george kaiser who made 16 trips

to the white house in the weeks before that guarantee went through. congress is being bribed by somebody else in order to do this and they are producing jobs not in the united states but over seas. who is deciding who gets the money? that's t key and where the secret is. >> that's a good point. i want to take it to regina. we saw vice-president biden saying it will create jobs in delaware and help with the laid off autoworkers. >> it has partially happened. one of the reason that the fisker ceo had to go over seas. we don't have the plant related to the price of a 90,000 which clearly i don't know who will buy. but they took 20 million and bought an old gm plant and set aside 145 million for renovation and that will open up in late

2012 so they can come back here. you don't have clear controls over where the money is going and how much is invested over seas and that happens on every level of government you had in prior administration where there were no big projects for the pentagon. and a billion was wasted. we need quality controls if we inzest. >> johnthon. does that mean the government shouldn't be in the business of picking businesses or not. >> exactly. i have clear controls over my own money but i didn't give half billion to solyndra or fisker and like regina a 90,000 car that has a limited market. what is abhorrent about the administration's own green fallacy, that the products would not exist except for the

subsittedies. they are evading reality and half billion gone every week. >> john, who could afford the car. you? want one? >> wayne could buy the company he's been so successful in his life. it is a maul market here. and larry summers who never had a person who hated him. he was walking out of the meeting saying there is no grown up here and no one in charge. wayne is right about the lobbyist. they are buying the grants and loans from the government. there is not a business person in the entire administration and you go to them. hey, we make energy from the sun. the sun is free. there are no grown ups in charge. >> the venture capitol firm had

al gore sitting on the panel and we got green and influence all over the place and it is not working. i had the pleasure of interviewing ceo barry gold. he said it was a mistake for the government to invest in his business. it doesn't work. >> wayne, tell us what you think? >> no, no, i think she is on to something. this guy george kaiser who is a big deal in oklahoma. made 16 trip to the white house prior to solyndra thing. he gave massive amount of money to the obama administration and congress. this is a question. they are bribing the congress to get these things which is destroying the united states. >> regina, i want to go back to what john said. organizational of the white

house. it is wall street. like william daley, as democrats we don't want someone there and question what the chamber of commerce influence is on the white house. you need to do research on that. >> the entire administration. there is no business experience there. you are right in past administration they dropped the ball. but don't say they have business experience. they simply don't. >> tracey, last word on this one. we talked about business over all. wind or solar or nuclear, whatever it is, trace. you say that the government should not direct money and does it end here. does the latest story with fisker end the subidies. >> no, that's the way the administration is working these days. we are saying on this show we need a energy policy. no one is against it. but let the private sector

figure it out. it is not the government's place. >> fascinating and thanks to all of you. >> ron paul's plan to restore our economy and cut a trillion bucks and cutting out not one but two but five entire government agencies. >> and hiring people who break the law. the job's plan is just a crime. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ i heard they found together for youenergy here.

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>> imagine wiping out five entire government agencies from the map on washington. that'sa what gop candidate ron paul wants to do as part of his one trillion spending plan. he said it would get the american economy going again. >> it will. government spent 3.8 trillion. we need a slash and burn and

representative paul's program did that. loaded government is normal but it is really not. housing and urban development was a product of the 1960s and energy department was a product of the 1970s. we should slash and burn and put it back to the constitution. >> this is what he wants to cut. hud, and energy department and education . you need to cut those agencies; is that a right worry. >> i am assumed but the practical side of that. those agencies employ 235,000 people and have a budget of 1divide 5 billion among them all. it is unrealistic that congress will take away their own assets. can you cut them down, yes. that would be a logical and

realistic plan to do that. >> regina he suggested repealing obama care and get rid of dod frank and then get the government out of >> he want to do a lot more. it is an len page document. it is not just eliminating those agencies but reduces funding for preschool programs for impoverished kid and eliminates the policing program that was put in place in the 1990s that led to a decrease in crime nationwide. they are cutting low to middle income and he wants to extend the bush tax cuts and repeal all taxes on the states. and repeal whole heartedly on dod frarching. and those --

those two laws were put in place because of the wall street. (talking all at once.) we can't find any. and the bottom line, you can cut, but you question where the money goes when you cut it? they have it back in their hands, it will not come back to you and i. they don't know how to spend the money properly. at the end of the day. wayne is right. they will not cut their own and they will not -- will keep the money themselves . you say that the country needs an energy plan. ron paul want to get rid of the energy department. >> when the average federal employee making $126,000 in dc. they are not putting out fires

and teaching kids. they are in bloated jobs. look what happened when david cameron did that. that would push us in a recession. and our choices are not good. short-term pain or be brief. >> the very presence of the program that was on the department of energy and the health department, and education etset rampt and federal government responds money in inhibiting freedom. we need to free the economy and let prosperity grow. >> wayne, you have a balanced approach. you said cuts can be made. a trillion in cuts. would that hurt the economy or help the economy. >> no, no not at all. in a lot of the waste in

government. you can skinny it down. 235,000, employees in these agencies and 1divide 5 billion in the budget. you can cut that in half. look. you have to take that off of the board. johnathon is right about the salaries. washington is the biggest and most expensive employer. we have allowed them to do this and this is crazy. second biggest contractor to the u.s. gdp. you are looking at the salaries of the admip straightors sitting behind the desk in washington . cut the department of interior and has to do with national

parks and it controls oil drilling and federal parks as well you have got people operating it. and no, no. >> yes. (talking all at once.) if you cut out the department of interior get rid of the federal parks and auction them off to oil. >> why not the state take care of things. >> we cannot afford this anymore . just because someone is employed doesn't mean it is not able to get a job. if it is a useless job it is useless. >> quite frankly we need to have people. look at what happened on the bp in the off shore drilling. >> we keep talking about grizzly bears or wolves. that's how you pull it down to emotion. we are dealing with tough choices here. cutting a trillion out of the deficit.

if we don't, we have 23 trillion in debt and that is unsustainable. last word, john. >> what they are proposing sounds revolution. and it could be talking about following the constitution. that is a start. >> and cutting out funning for poor kids. >> there are none. >> and not a word. >> and just got out of the jail. you are in luck. lawmakers and tax breaks and someone likes the idea. [ female announcer ] once you taste

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>> hillo, everyone. i am uma in washington. iraq's prime minister said president obama's dition to bring all service members by the end of the year game because bag dag rejected a those left behind be subject to iraqi law. >> and gad you had man rights groups and un call for an investigation how gaddafi died. we'll have the latest from misurata and top contenders for the nomination are defending on the faith and freedom coalition dinner.

more on these and your other top stories coming in the top of the hour in america's news headquarters. stay with us. who crime doesn't pay? companies get a tax break if they hire a convicted felon. john, you say the job's plan is a crime. >> i hate this. if a guy served time and sentence, he deserves the right for gainful employment but not at the front of the list. you have a million sold yerse coming back from iraq and afghanistan who are unemployed and give a felon ahead of the guy with tax breaks is a travesties. put the soldiers first. >> wayne, do you think that businesses should be getting tax breaks? >> absolutely not. listen, there is a fundmental

thing. penal system has to do with resussitating somebody's life and bringing somebody back and making good on them and they will get a certain amount of time and they turn into a good system. separate taperson out from the peace-loving people in the society so he doesn't destroy or. that has no place at all. >> and regina, the program is out there in a federal level and some companies get breaks for hiring veterans. is this beating a dead horse. pran fran is late to the party. >> this has been in place in 1996 . newt gingrich passed. and the law passed and including excons and veterans on food tamps and now 11 groups now which include veterans coming

back taare unemployed. and the priorits are broken down. employers get a higher tax credit for hiring veterans instead of excon. studies by governors here in new york state. showed they are welfare recip yepts. >> terrible. >> i hate this more than john. we are using the tax code as a book much favors to get the economy going. that's not what you do with the tax code. commission people to be hired because they are protective and not because they get a tax credit. and then what happens, does he get fired again. it is wrong to do. stay out. over all theme. government needs to step out. >> no one has a right to a yob.

nor a felon or a vet. business person needs to make their judgment of who helps their bottom line. >> and regina. thank you for joining us it was great to have you. >> coming up. the economy is putting sanda in a bad mood. find out why.her laptop bag or hires another employee, it's notust good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $7.8 billion to small businesses across the country so far this year. because the more we help them, the more we help make opportunity possible.

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ryan could run for king and get it. texas against a great team . they win the world series for the first time . buy texas companies like del. >> and all of that and this year . wayne rogers. >> i like the broadmarket and small caps. buy the itf wo. >> and despite all of the unrest in europe. stock pays a five percent dividend if shipping rates rise as well >> johnathon before i let it go. it is another wild ride for the markets and problems out of europe do they get solved? >> i think they will get solved. but t