you don't believe that charles can make a right pick? >> i think he awn will making a right. and the data is overwhelming you do better with index. >> wasting his time. >> wag out, risky energy loans still in. this week, president obama signed an executive order banning government wag things like coffee mugs and t-shirts and pens. and he wants to wipe out wasteful spending. if that is the goal, stop pushing risky ventures like solyndra with ricky loans. we'll go in focus with steve, rich and rick and bill and elizabeth and victoria. and so steve, is this penny wise and dollar foolish . >> penny wise, $100's foolish. it is a small part of the

federal budget and in terms of solyndra, if president obama wants to be a venture capitalist let him resign in 2012 and see what he can do. >> rick, this comes down on a waste of money when you factor in all of the billions on solyndra-like loans. >> i have to disagree with the boss' characterization there. there is never anything wrong with cutting waste in government. i don't care how much. with respect to solyndra, it is not the president who played venture capitalist. the department of energy has made these kinds of investments for years. solyndra is only 1. 3 percent of the total investment that the energy department has and by the way, only loan that appears to have gone wrong . 98 percent are performing well. >> victoria, that is not true. beacon power and enter one.

and other examples and who knows how many more will be damaged down the line, victoria? >> yeah, steve mentioned term venture capital and a lot of folks in the pro solsell camp. it is a role for government to take some capital and turn it in risk. you don't have all googles and facebooks, you do have duds. it is taxpayer money and no venture capital firm here that will raise another fund in five years. instead they will take more taxpayer money and fund companies that awn have ties to folks in high places. there is a more efficient way to allocate capital. >> bill, that political influence acts the loans and the president's efforts, are they chipping around the edge of the problem. >> they are worthy efforts. maybe it is small.

i.r.s. will not hand out coffee mugs with smiley faces and fema will not reimburse employees for downloading pornography at work. give the beleaguered president respect. he built momentum to get to bigger things. >> first of all. >> he got somebody to partner with rick perry who can remember the name. >> he is a millionaire and we don't have to pity his poverty. he's trying to make a good faith effort in cutting expenses. >> i agree with bill. but this is straining at gnats while swallowing camels. i don't care if it is a dollar wasted in taxpayer money. solyndra is going to create 15 permanent yobs and key stone pipe line project would have created 7000 to 20,000 jobs. and so why are we stopping that project and giving it to

boondoingles that belly flopped in the of the time it takes. >> and rich, where do you stand here? >> where i stand is the president has added one trillion per year of deficit over george w. bush who was considered the deficit king and now he's talking about cutting one billion. that is 1-1000th of what he added. when you start with energy czar steven chu said no need for fassil fuels in five-10 years, you are way out in the deep weedsment >> this happened before with the president. instead of making real cuts. he used the scalpel instead of the axe. >> it is like putting symbol over substance. it is like drinking diet soda

after eating five apple pies. it is still obesity. >> any slack at all. goodness knows he didn't stop the swag. >> he's still backing the department of the energy loan as creating jobs. the problem is, washington attacks oil and financial speculators. how is that taking a hair cut in the department of energy. and a pay cut if they give out taxpayer money. and what do you think of that idea, rick. >> why is it in, investing in clean and green technology is bad. >> i am not saying that. >> we make invest wants to oil companies is good? >> any investment that you make that makes money is good. any investment that loses money is bad. it is that simple. >> government is not in the business of making money.

>> what? steve, that is the point. government shouldn't be in business. >> it is all dominated in politics and that's why we need the flat tax and let people in the markets decide instead of government telling you what you can have. >> go ahead, vicki. >> i absolutely agree. going back to the swag thing for a moment. i can't will believe he's doing it now. shouldn't we have done it two years ago? it seems so odd to me that we are knee deep in the deficit and now you are just beginning to cut and make symbolic gestures. >> rich, you compare it to what the private sector has done cutting their debt and expenses. our business sector in america is cut to the bone. why can't government take a cue from them? >> because they are government and particularly this government wants to manage and

regulate almost everything that moves. we are the saudi arabia of natural gas . if we want to go with a clean energy that provides tens of thousand and hundreds of thousands of blue collar jobs that's where you go and not down a silver rat hole. it doesn't set the scale in the way steven chu thinks. >> but natural gas is carbon and carbon is evil according to the administration. >> natural gas is better than coal. shut them down and get natural gas on line. >> vicki? >> if we don't build that pipe line and create those 20,000 jobs, guess who will take that carbon and awful stuff? china. >> i think the president was for infrastructure projects. >> shovele ready projects. >> forget one percent. and now 100 percent.

powerful politician calling high taxes on everybody to power up the economy. would that be the result though? cashin in crew is on top of that. first, these parents stay home to care for sick adult children. why is the union forcing them to pay $100's a year in dues. >> i never worked for a union before. >> they have done nothing for us. for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and set it up someplace." so my parents went to bank of america. they met with the branch manager and they said, "look, we've got this little hot dog cart, and it's on a really good corner. let's see if we can buy the property." and the branch manager said, "all right, i will take a chance with the two of you." and we've been loyal to bank of america for the last 71 years. our machines help identify

early stages of cancer, and it's something that we're extremely proud of. you see someone who is saved because of this technology, you know that the things that you do in your life matter. if i did have an opportunity to meet a cancer survivor, i'm sure i could take something positive away from that. [ jocelyn ] my name is jocelyn. and i'm a cancer survivor. [ woman ] i had cancer. i have no evidence of disease now. [ woman #2 ] i would love to meet the people that made the machines. i had such an amazing group of doctors and nurses, it would just make such a complete picture of why i'm sitting here today. ♪ [ man ] from the moment we walk in the front door, just to see me -- not as a cancer patient, but as a person that had been helped by their work, i was just blown away. life's been good to me. i feel like one of the luckiest guys in the world. ♪

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administrative leave. we'll have updates. political shape up in italy. berlusconi is set to resign after the parliment passes reforms. a former european commissioner is the time choice. berlusconi has dominate italian politics for the past 17 years. now bab to forbes on fox. have a great day. they're not union members. they are simply parents taking care of sick children. they are forced to pay $30 a month in union dues money they could spend on the kids. i spoke with them exclusively on the fox business show. >> both of our kids are on prescription and we buy clothing and personal grooming

need and we take them with us to different places and so the money could be used more so in the house to help take care of them. >> unions consider themselves champions of the working class. and people like this folk. rich, what say you after hearing this. >> david, congratulations on that scoop of an interview. that was terrific. this is what the mafia does when they demand protection money. this is a stark reminder of why michigan has the worst economy of all of the states in the united states. when you have the unions acting like mafia and demanding their share for doing nothing. >> rick, what do you think about the situation? >> i think what is the most terrible thing is how it is mischaracterized. let me tell you what really happened there. number one, the money is not coming out of the payments from medicaid to take care of

the kids. it came from a program that existed in michigan that provides home and health care to kids over 18 years old who have permanent disabilitis and the elderly . the state recognized some time ago that the best possible situation would be parents there to take care of them. parents have to make a living, if they were not getting a paycheck from the state they would have to get a yob and the kids would end up in a far more expensive institution or outside home care people come n >> quickly rick. >> health care workers were unized and since that time they have experienced a 45 percent increase in the paycheck. they get all of the benefits of belonging and training. >> rick, we have to move on you had your say and mike, rick's characterization is wrong. that these parents when you speak to them.

they are mad as hell and they have become, mike members of the union against their will and they are not in favor of this. that's the middle america speaking. >> this tells the story why unionship in the private sector is decliping for four decades it is clear that the unions don't care about the workers or so called middle class. it gets support by the democrats and the money is funneled to the democrats to win election. this is how obama got elected. they don't care about the kids but lining their own dam pockets. >> they don't want to be unized. two years ago. the same thing happened in michigan with child care workers. so folks who are running child care for low income families. the union tried to force them

in a uniand after two years was legal costs it no longer exist and the child care workers fought back. it is a shame it has to happen again. >> steve you are management around hoar and we wanted your opinions last. >> this is the united states of america and not the soviet union. these programs are a consolation prize for union bosses because they didn't get card check. and so they are ripping off. this is popular as taxing christmas trees and they will go when we get sanity back. >> and rick for you calling my reporting mischaracterization of reporting. the only people who will repond for it is other union members and other unions disagreed with the seiu. i got them to respond. and i talked to a number of

people and do these people know when you spoke to them. did they understand they have a legal right to opt out of the union. >> they have tried. >> and the reason why they are getting a paycheck and the reason it is not cut along with the other cut in michigan is because that union is fighting to save the program. >> and rick, you don't ask a question and answer it yourself. yes, they have tried time and again and not getting any responses from the su. rich, go ahead. >> look at the michigan economy. people are fleeing michigan and businesses are fleeing michigan and it is the worst economy in the united states and has been for two decade and this is exactly why. >> kim, last word? >> i mean, i think it is in this case they need to realize that unions do have benefits

and they have a bad rap. but 57 million americans according to a poll do want to join unions but only one in five are successful and that is because of the bad rap. >> there is nothing wrong with unions if it is voluntary. but when you are forced i draw the line. and more kick in the fanny for taxpayers and a bail out or the big bonuses. we debate and you decide coming up next. almost tastes like one of jack's als. fiber one. h, forgot jack cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, ts is pretty good. [ male announcer ]alf a day's worth of fiber. fiber one.

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>> fannie mae is asking for a bailout. and why the executives are getting sevenfigure bonuses. it is simple and they are meeting modest performance wishes. and by the way. and deep in the red. it remind said me what will rogers said. it is easy to be a comedian. and fha oversite is not. and remember the pay czar. he did bonuses for wall street and not call backs on fan yefreddie bonus because they

thought the government could do a better job. they allow them to go on in a public sector. >> i am not against bonuses provided they came. we are expecting to see the losses . congresswoman bony frank. they are not retention bonuses paid to fanny and freddie. it is going upside down. i don't understand. we have done from cash to clunker to cash in clunkker executives. they are privatizing fanny and freddie. and severing all ties. otherwise nothing. >> i don't think they -- and in terms of tying

government's hand and by saying that we ban bonuses for everything. it is going on a case by case basis. and i am not sure we ban them. we have bonuses . and fan yefreddie. >> the babylonians had it right 4000. if a builder builds a home and not constructed firm and that collapses and kills the owner the builder is put to death. >> i do think they should be accountable.

the losses for fan yefreddie. it is caused by cheap interest rates. we can agree it is a disaster . what i don't understand is why they are so upset. they are not upset. ours will tell you who has more. i can enter trades on the. even futures and 4x. complex options, done. [ cellphone rings ] thank you.

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kim mcnick los monster. it is expected to continue. >> worried about competition from linkedin. it is richly. kim is smart no. >> cool facts. they are selling pumping and products. i am liking. >> to coflax. the stock is up 40 percent . buy invidia. video games and they are hot and 16 times the earnings and revenue is up. >> kim, you like this? >> that is a problem. fomany are playing video games i think monster opinion comis better. >> what about monster, dennis. >> to recommend a job finding service when jobs are worse than ever. it is not the right place. >> tough sell. and that