tv Cashin In FOX News March 31, 2012 8:30am-9:00am PDT
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>> they will profit on the gain. >> the revenues are vulnerable to a slow down in chin a. thanks for watching and number one business network continues. >> to the selective outrage of who is making money in america. a new report finding that educators make up percent of the households and take a look at these would be educator will make up the percent that are greedy for corporate executive. and corporate executives and business owners? is there a double standard. welcome to cashin' in. wayne rogers and johnathon and john layfield . gloria rosbin. and democratic strategist . welcome to all of you. and why are lawmakers outraged
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only by certain people we deem rich in this country. >> it mystifies me. our culture demonizes business men at every. they are rich on the back of the poor. and nefarous. and educators are the tireless public service that are avfrom criticism and deserving of a blank check from taxpayers. >> i don't begrudge anyonemoney. you can't compare that with a businessman millionaire. and government monopoly on education. and you look at the break down of millionaires in this country . 17 percent . the next group was educators at 12 percent. that is a surprise to many of our viewers. is this unfair? >> yes, it is unfair. we like to demonize hedge fund
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the highest paid educators are basketball coaches. >> we did. we do our homework and we did look it up . it is teachers and administrators and >> second the irresponsibility that you guys are putting forward has to do with the fact. people are mad and angry and outraged at folks that ruin the economy and very irresponsible with your money and that is bankers right now. it is not the poor -- >> and really? >> no. we hate people and angry at people who don't like to be responsible for the entire country. >> gloria are we -- >> that's what is going on. in the end of the day. >> the (talking all at once.) >> it is all about taking
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risk. it is because of what the educators. (talking all at once.) (talking all at once.) >> just like bankers, the educators said they were responsible with their money and making smart investment which includes risk. >> also one of the highest paid educators made $630,000 a year. that is not a teacher, in cincinnati ohio. >> i don't think a basketball coach should be considered in the same category as a teacher. that is so irresponsible and i invict can i have. and why are you fanning the flapes. >> let's get another voice in here. wayne rogers. you look at the survey and they included teachers and principals and administrators, hold on.
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maylia. i told you i am moving it around. wayne rogers is it unfair to be angry at bankers and not angry at teachers and administrators. >> the whole thing is misdirected. if you want to lay the recession at the base of the bankers why not lay it at the base was congress, that's who caused it. pen percent of the top easterners. they have 257 millionaires. they are stealing the money. they made the bankers possible to steal it. it is the congress that are the cause of this thing. >> johnathon. >> it is a lot of blame. >> and hold on, a second. johnathon, i want to go to you. is there goodrich or bad rich in this country. >> goodrich is riches and wealth that is achieved through a voluntary trade and
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providing value for value. educators who . s the educators. the state has a monop upony over k-12 and pell grants and they have a monopoly . educators wealth whether it is a coach or principal. that is achieved through government force. if we privatize education it is a separate thing. but to me it is not legitimate at all. >> wayne, a lot of these groups are union groups. we have to mention that as well. a lot of their pay is guaranteed. >> it is not just that. an educator has an opportunity to make all kinds of money not only from the education process. paul crudman who is a professor at princeton writes for the new york times.
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idiotically . they claim to be educators and serve on board and you should see the number of things and the anceillary income is secondary to the educational part. malia i think you would agree. >> yes, i am almost nervous at the way you guys, i don't know if the teacher is the state whore -- that hurts my soul as an american. i think that you are treeding in dangerous territory and at the end of the day, people on the left don't vilify the rich. we want to make sure. >> they don't. you mean, they don't. how come i saw you and your friends camping out on the banker's lawns. >> i know you didn't see me camping out on a banker's lawn first of all .
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occupy wall street is one angle and what occupy wall street said fair and distribution and people should pay their fair share. they are saying that it is wrong -- not wrong to make money. but wrong to make money off of slavery. >> wait, wait, wait, wait. (talking all at once.) bankers, is like slavery, is that what you are suggesting? is that the metaphor you are just making? >> it is a nuance argument and saying all money earned equally is wrong. >> this is not. >> listen we have different moral compasses. >> this is a silly and naive argument and shows how little you know about the truth. you are vilifying banker and you will talk to the shows over.
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i get that. that's all it is. >> we are taking a commercial break and we'll do that right now. thank you, coming up. back in the game, everybody. the donald doubling down on real estate and buying up properties. is this the real sign that housing is about to make a come back. and why a multibillion bullet train from the desert to vegas might leave taxpayers biting the bullet. or... we make it pink ! with these 4g lte tablets, you can do business at lightning-fast spes. we'll take all the strawberries, dave. you got it, kid. we have a winner. we're definitely gonna need another one. small sinesses that want to grow use 4g lte technology from verizon. i wonder how she does it. that's why she's the boss. because the small business with the best tecology rules. contact the verizon center for customers with disabilities at 1-800-974-6006. and who ordered the yummy cereal?
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can maybe there is a turn around and time for people to start buying again. >> yes, it does seem that way. we are seeing in boston. housing prices are on the rise and so now is probably one of the last good time to buy with a low interest rates as well. >> johnathon, do you say and do you think that housing is turning around and a good investment. that is always your theme. >> market opinions are like smiles.
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everyone has one . donald has one . i am with wayne. i don't consider him to be a credible businessman or capitalist. that is another discussion. strongest of real estate is commercial . boston properties. spg. all of the areas with the real estate that the government hasn't incentized and helped out. commercial is doing better. and i expect you will see that trend continue. >> i am curious to what i have seen in arizona. is it time for the average america to get back in safely and responsibly in housing. would that be a good thing for everybody? >> it is a good thing if they are getting in for the right reasons. you buy a home for something you are going to live in many, many years. it is a good time to buy. i said it a couple of years ago. i think the worst part is over
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like lori said. i think we have a problem coming forward because of so many foreclosures and inventory. what wayne is saying is correct. pockets of the country are doing fantastic . middle state and sand state . looks like they are suffering dramatically. part of the country is doing well. and on average. it looks like we are getting out of a economic down turn. it is another leg not necessarily down but treading water for the next couple of years. >> gloria, here is the banks. >> are the banks going to be willing to play? >> i think they will have to. there is a lot of bad mortgage debt on the book and talking about principle restruction. and so many people are under water . the improvements, but problem is still there. and talk about throwing out the kitchen sink. it is a huge liability. >> and all of the foreclosures
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in the market this year. wayne, real quick. >> it's not just the bank but the regulators and they are making it so difficult to make loans and that is the problem. >> thanks to all of you, coming up. >> all aboard the tax money is leaving the station. your new government plan to shell out 500 billion bucks to a high speed train in the desert. time to derail it before it is a bridge to no where? man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...this green line just appeared on my floor. yeah, that's fidelity helping you reach your financial goals. could you hold on a second? it's your money. roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here.
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at least three lucky people are holding the ticket for the record breaking megamillion jackpot. winning tickets were sold in three different states. illinois, kansas and maryland . we'll take you live to one winning store in maryland. you don't want to miss that. three out of four remaining gop candidates are campaigning. and newt newt gingrich is making head lines as romney is in the lead. and they are starting inside that campaign. and imagine that. and all right. dry warm weather has forced officials in colorado to range. danger. they are trying to control the deadly wild fire. stay with us. first we paid for the bridge
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to no where and taxpayers could be on the hook are for the bullet train for no where. it would provide service to the desert to las vegas a get a loan from washington. you have to drive 100 miles from los angeles to get to it. >> you think the bullet train would bite the bullet. >> this is stupid. fast train to keep up with china. you have fast service. it is call would southwest airlines and fly from $69. you don't have to drive and catch a train and then a taxi. this is ridiculous. you want to open up solar. build solar farps. that opens up commerce. this is a government boondoingle and a waste of money. >> lore is it? >> huge waste of money.
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i grew up in los angeles and part of going to las vegas is drive stopping out of the in and out burger. it is part. >> the other thing. no way they will be on budget. if we learned from solyndra and it is a disaster. >> malia. >> it should be expanded. i agree i don't think you should need to drive to get on a train. it would be a great to steak it across the country. and the may most countries do. >> that is a problem here. >> we have a way. >> i am sorry. we have a way to take the trains in the country it is called amtrak it is a government monopoly and lost money every year. >> and you are not hearing me support amtrak. that's not what i said. >> you are supporting want it. >> and absolutely.
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outragous. that we continue. >> and yellow journalism for supporting. >> i made my point and i did not should say to support amtrak. i don't think that is effective. >> wayne rogers. >> there is a way to make it feasible. it is talked about for 50 or 60 years. you can make the train if you get everybody in las vegas, that is all of the gambling interest in las vegas to finance it. let them finance it they will be the beneficiaries and let them underwrite the bond issue and build the train. don't have the government involved. >> lori, the point about amtrak is a correct one. it has lost money. they have amtrak in california. people in california love their cars. >> we do. and part of that drive, if you don't take southwest airlines. it is fantastic to look at the
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cars. it is two lane road. >> i highly recommend the in and out. malia. thank you for joining us. great to have you. >> u.s. stocks seeing one of the best quarter in years. where should you put your money, find out next. [ male announcer ] if you believe the mayan calend, on december 21st, polar shifts will reverse the earth's gravitational pull and hurtle us all into space, which would render retirement planning unnecessary. but say the sun rises on december 22nd and you still need to retire, td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans?
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>>very san diego. anchor man two. and netflix partering up with cable. i think net flicks and anchor man two is a buy. >> and he's john lay field. lori, what do you have? >> the march jobs report coming out next friday. expectation hopefully will be in addition to 227,000 jobs that were added the prior month and improvement of the
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unemployment rate. >> market moving report. wayne rogers? >> well, you know state revenue is declining and the state has to look at alternative sources of revenue. they are looking at gaming. i think people who are supplying the supplies if you will for gaming are wonderful place to look. shuffle master is my pick. and johnathon, what do you have? >> it little more than a year nince the earthquake and tsunami in japan. japanese stocks have bounced back and small stocks are at an all-time. i am combining. the two that hold japanese stocks. i own it. and i think it is heading hire. >> neal cavuto will have live coverage. gop primary in wisconsin,
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