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tv   Cashin In  FOX News  December 17, 2011 8:30am-9:00am PST

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go with walmart. >> maybe everyoneill continue. >> cheryl casone and carbin is - cashin is coming up. >> a huge slap to the drivers that might drive down the economy. national transportation safety board calling for a nationwide ban on all cell phone use that includes hands free; i am cheryl casone and welcome to carbin in. >> we have wayne rogers and johnathon and tracey and john. and joining us from the economic policy institute christian dorsey. welcome to all of you. wane, i want to start with you. if we did do a national band on hands free calls, that
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would hurt the economy. how so, wayne? >> oh, my goodness. i happen to be in los angeles. people spend an hour or two hours on the freeway. and coming and going to work. imagine the amount of work you can get done and the things you can get done while talking on the telephone. i understand about people who you think are texting. that is crazy. you are taking eyes off of the road and they will tell you that is nuts. >> talking on the car. are you going to ban radio? people can listen and talk and people talk to other people in the car. that would be crazy and cut off a lot of productivity. >> that is true. they do a lot of thing in cars and businesses is one of the things. more than 3,000 people have died due to texting and distracted by the cell phone. that's why they want to see it
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nationwide. >> hold on, i am getting a call. and yeah. no, i am on tv. yeah, i got to g. >> right. cell phone death. you are right. obviously a lot of people are distracted. 3,000 deaths are terrible and a thousand people die from boating accidents. are we banning that next. driving and talking at the same time is productive and third most important reason that people use a cell phone is doing business and cut that off and you cut productivity. >> christian you are an economist does it hurt the economy. >> it is not going to at all. if you pass a law and no one enforces and follows it. does it make any difference at all. ntsb is not interested in seeing a ban on cell phones. they are trying to raise a point and public conscious
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that we are distracted. >> christian, i have the ntsb chairman on the show. and yeah, she wants it nationwide and white house and congress. >> she knows it is never going to happen. >> why i asked her that and the timing. and i said wait a minute here what is difference having someone next to me. she said cell phones are vacumes. >> you know what, hear opinion doesn't matter if you talk about if this doesn't harm. 50 states will not enact a total ban on cell phones it is never going to happen. and suppose it did no one would follow it. >> then you are talking about local police officer ticketing me left and right. that's what we are looking to do. if you want to talk about distractions. a mother with three infants
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and try to hand a kill a bomits. get rid of the infants before you get rid of the cell phones. it is silly. and you know what, every day i get on the phone with the source and how i do my job. i personally need it to be a better reporter what business would be like without it. >> i know you travel a lot and flying and executives can't get on the internet for wi-fi. they are frustrated because that is time lost in the business. >> that is the difference. nor should you be able to. the question is how far do you go. a long hall trucker in the car should he be able to call them and tell them he is late. do you want a 16 driving around the city of new york talking on the phone i
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certainly don't. the question is where do you draw the line? it is drawn in other places. we have a ban on drinking and driving. >> i am not sure if i want tracey driving and talking. >> and despite the risks. it is a risk that tracey and hundreds of millions of people take knowledgeabley and hopefully with precautions. the government's role is to prosecute those who commit a crime. to your point. we pass a law that no one enforces it criminalizes a behavior that millions engage in. they pull me over because i am talking to my mother. >> jay walking laws exist virtually everywhere. and how many people get tickets for jay walking. >> it is never going to happen and talk about all of the
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calasity. >> and why have a regulator on taxpayer dollars. >> first of all. the ntsb is not a regulator. these laws can only be enforced in the state level. wayne, you kicked us off to the topic. four major stocks and companies. they have a whole voice command system in vehicles that they debuted this week. what are they doing, 96s all of that. >> no, of course not. it is ridiculous. two points here. we have had voice communication amongst truckers for like 40 years . breaker one. and they are doing business on the highways all of the time. people are doing that. that is nuts. when you have verbal communication. you don't take your hands or eyes off of the road and hands
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off of the wheel to do that am unless you are gesturing like this. you don't do that. and as far as passing a law. why should anyone, anyone christian talk about passing a law and not obeying it. the institution is the law of the land. let's not pay attention to it. christian, the question is, does it hurt productivity . i heard a lot of examples that it does hurt productivity. >> here's the interesting thing. let's presume that the ntsb got its way. they are not outlawing talking and they are saying it is all factory installed, feel free to use the hands free to talk and do business. ultimately this would spur all range of automotive companies to make sure we are connect so
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really it wouldn't hurt at all. >> john, i go back to ford and automakers that are turning vehicles in homes and this is a problem. ntsb would like to see it become law. >> they would. megabelthy guy like wayne who is late to a meeting and you have a lot of the business that makes sure he gets there on time. you have to have the driver to make that call. the question is where do we draw the line. i have seen them on scooters in new york city texting. that is not safe and bigger economic problems in the health care system. there is a fine line of what is work what is simply reckless. >> our views are up and arms. and great topic and good discussion. he may have been the biggest pro unimember. and now he is gone. why are the business owners
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♪ job creators wanted him off of the national labor relations board. and the president decided not to nominate him for the board . the white house is tapping two others that have an anti-business agend a. deputy assistant and a lawyer for the international union of operating engineers. tracey, you say it went from bad it worse for job creators and businessings, why? >> we have seen what the unions did to industries. at this point they have not helped anything. we don't want that thinking going forward. it is ability to crate jobs and get the economy going again. unions set us back.
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the fear they would go after more american companies. >> i disagree with tracey. it is the arm of government whose job is to protect the union. incidentally cheryl. the nlrb. it was a protect of roosevelt and the national industrial recovery act. sound familiar? unions have no special rights neither do employers or consumers. individuals have rights and government needs to get out and close the board. >> john, the idea is it is a medication point for companis and employees and politicalize it. it is it a concern for businesses. they want to do business and make money. >> this is a greater economic concern than political. 19flea33. nril created the nrb.
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they ruled it was a gross overreach of federal powerings-- power. and 1947. taft-hartley tried to limit the nlrp. we are seeing a carbon cope gross overreach of the administration . and what that does as in 1935, it is relevant today. it kills the economic incentive. >> christian do you agree? >> i couldn't disagree more. if the president gets all of his picks appointed to the board. three people who work for democrats and two for republicans. shocking. this is the way the nlrb operated. administration in power tries to see that its agenda is reflected. and talk about this as a dramatic overreach.
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>> i am not talking about dramatic recovery reach. i am talking about historic precedent. what they ruled in neap 35 it was bad for business and it was a gross overreach of presidential authority that. is still true today. there is still true. >> wayne, that is the worry here about the board and the changes that are happying. what is happening to business. it is a new trend for the lrb. i go back to boeing here. >> boeing, once again. it is a simple thing. right now. we have a dichotemy in the administration . here is a president saying i want to postpone the pipe line. every uniin the united states said build that pipe line from canada down to the gulf. that will create 20,000 jobs. all unions are in favor of that. it is not whether or not the labor relations board is these
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guys are good bad or indifferent. they are not doing anything and shouldn't exist. >> johnathon. you need not go back to 1933. cheryl. it cost boeing a lot of money. the nlrb fighting boeing. who wanted to build up a plant and hire people. they are fighting a branch of the federal government. it is bad for the economy. christians point is well taken about the administration's point. but when you have high unemployment that we do right now to see a group like this go against business is going to take the country in a worse direction and we are not on a great path. >> to christians point
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appointeys stay around. just like the supreme court justices. they stick around and make policy and decision. and the country doesn't need that line of thinking. it needs an open capitalism theory to come back. we need it to come back and don't need to be controlled by yuence. . >> remember the taft-harley act limited the nlrb. that helped to purthe boost after world war ii. and that helped to boost economics where as we are scaling that back . >> christian, last word. >> nothing is changing the way the nlrb does business. we are changing who is on it. it is an important function to making the workers is protected. that cannot go away. that is necessary today as much as it was necessary in 1933 and 1947.
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>> they are on notice now. boeing to another company that you know well. solyndra. forget solyndra. a poster child for success flaming out. funding green companies with tax dollarsanother name, everybody.
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coming up largest solar maker feeling the heat . america's with record high electric bills
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at this hour we are awaiting comments from president obama on the senate passage of a one trillion dollar spending bill. it passed this morning on a working saturday and they passed a pay roll tax cut
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extension that covers the next two months. it heads over to the house for a vote. and violence exploding on the streets of egypt today. nine people have been kill would. they want to ruling military council to step down and hand over power to civilians. secretary of defense leon panetta sitting down in libya. the new libya prime minister, panetta said they are confident they are achieving a unified libya. much more on these and top stories and a interview with ann coulter. that is more coming up. stay with us. first half billion solyndra debacle and first solar. latest green energy country that is having trouble. they are warning that sales
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and profits are fading. john, you say this is evidence of them to stop using tax dollars. >> there is a role of government to build long-term dc lines and let free markets work. that's a level playing field. the government is playing venture capitolist. that is the hardest form of investing. and our government is unsuccessful and they are picking winners and losers based on the political connections and that is what is wrong. what they are doing is wrong. >> wayne, i know the stock is down seven percent. there is a free market for you. john is right. taking taxpayer money anding it in there. we can't compete and be there. and half of the guts of the cell phone are made somewhere else and not in the united states. we have to compete and if we
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can't beat china in our own game we shouldn't be in there. >> they laid off 100 more people. the top executive is gone . this was the name in solar industry. >> it is regrettable. why are we investing in the first place. in 50 years a third of the world's energy will be produced by solar power and the united states will be left behind and economy suffer. >> but secondly, you know solar is not the only area to invest in, folks. oil and gas and nuclear. we invest in those. so come on >> the government shouldn't be investing a nickel of our money. that's what the entrepreneurs would do if they were allowed to. the entrepreneurs would figure out whether or not solar is the next big thing and they
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would drive in and make it happen. >> johnathon, it is bets because of the government incentiveless. >> i have seen that, cheryl and we talked about it with pacific ethanoyl. and all of the ethanoyl companies under bush. once the subidies go away the stocks don't work. it is a green energy agenda is prescribing man's suicide. there a want us to pay more and get less. >> christian, i agree it is political favors from fossil fuel and comprehensive it is a matter of political connections and i disagree with that. >> we can agree on that. >> coming up. americans are getting zapped to keep the lights on. >> and soaring to record levels. you are in for a bigger shock
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in 2012. and one answer to neal cavuto's energy debate that might energy your profitings. and in 1942, of course, they were sent away. after the war, as a japanese coming back from camp, he started a little store on main street in seattle. of course they needed some money, and bank of america was the only bank who would talk to my father. and we've stayed with bank of america. we have four stores now, three in the pacific northwest and one in oregon. my parents would not believe how popular it is now.
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>> time for what i need to know next week. >> electric bills are rocking. high taxs and we keep maintaining an anti88ed grid. until they fix it our electric bills will go up. >> fox saved the best debate for last. candidates agree about short drilling is important. important to investors and only thing for bipartisan. trans ocean is the best way to play. >> and wayne rogers. >> i think you should look at master limited partnerships. that's where you can see the cys . it returns over 15 percent currently. and johnathon? >>la

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