tv Hannity FOX News April 6, 2012 9:00pm-10:00pm PDT
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that is it for us tonight. hope you have a happy passover and easter. thanks for watching. i'm juan williams. and please remember the spin stopause we're captioned by closed captioning services, inc. and tonight for the hour we have assembled some of the brightest minds of business industry and beyond as we focus how the obama administration agenda has shaped our economy over the past three years and in particular this special edition of hannity will focus on the issue of gas prices and how rising costs have and will continue to hurt your family. as frustrating as it has been to fill up your tanks in recent months it has been more frustrating watching barack obama both as a candidate and a as president has he has tried to downplay the severity of this energy crisis. on this program we have been reminding viewers about the so call quick solutions the
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president has offered for reducing pain at the pump. you might remember these. >> there are things that you can do individually, though, to save energy. making sure your tires are properly inflated. simle things but we could save all of the oil that they are talking about getting off drilling if everybody was just inflating their tires and getting regular tuneups you could actually save just as much. >> we are making new investments in the development of gasoline and diesel and jet fuel that is actually made from a plant-like substance. algae. you got a bunch of algae out here, right? if we can figure out how to make energy out of that we will be doing all right. >> sean: inflate your tires and get tuneups. some of the suggestions were made before the president took the oath of office in january of 2009 and if you remember back to that time you may recall that the average price of a gallon of gasoline was approximately $1.85.
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now, fast forward only a few years under this president and americans are paying more than $4 a gallon just a few steps from the house. joining me tonight to explain how we got where we are today is a very special audience comprised of energy executives, business leaders, small business owners experts alike and many of the faces you will recognize and some of the best brightest smartest, richest in america. the top 1% is right here. good to see you all. thanks for being with us. herman cain. >> yes, sir. >> sean: 999. i'm afraid that might be the price of a gallon of gasoline, soon. >> that is the obama 999 plan. $9.99 a gallon. >> sean: you just scared all of america. >> it could be capital performance that we need for energy independence. this administration has done nothing but increase the regulatory barriers as well as barriers to exploration of our
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resources right here in the united states. >> sean: steve forbes, good to see you. if anybody says drill, baby, drill, the president says we have been doing that. leases the ability to drill. 9% of the increases come from private lands where they haven't been able to control it. >> it is an election year and he wants you to forget that he has been blocking or hindering the development whether it is offshore and not having sensible regulations and doing it in an expedited manner, alaska, anwar, arctic national refuge. there is globs of gas there. if he could do something and come up with sensible or encouraging rules on fracing instead of dragging his feet, there is a revolution going on. we could be an energy exporter. >> sean: katrina, you are in the real estate business. maybe home prices directly
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affected by oil. remodeling we will talk to home depot in how that might be impacted. maybe not directly but we look at the housing market, what do we see. >> i don't see oil being a big factor when it comes to housing. new construction numbers were actually down in february and that is what you see in the headlines but that is not the full picture. in january unit sales 4.63 million and in february they were 4.59 million. that is not a huge dip. analysts also are not telling you that dip is based on sales that we saw in november, december and january. >> sean: aren't we in the worst housing market, i see nicole back there in the third row shake her head. i read the "wall street journal" and i read steve forbes says this is the worst housing market since the great
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depression. >> house is basically the same as a decade ago. oil affects customers and there is a direct relationship with how a consumer feels whether they have confidence, whether they feel that they have money. if you start to see oil rising from gasoline to heating oil and such it affects confidence and consumer spending overall and that would include homes. >> i don't think it is as big a factor sorry. i think unemployment is the biggest driver when it comes to housing. we are seeing the lowest numbers in the past four years since 2008 and talking about sales numbers. >> sean: not since 2008. when the president came into office it was 7.9% and it is now 8.3%. i don't think those numbers are real. if you look at the numbers we have fewer americans working than when the president took office. we don't count people whose unemployment numbers ran out and people leaving the labor force is 1.2 million in the last month and they created 250,000 jobs. and we have 47 million americans in poverty which we
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will talk about tonight. >> because the sales numbers to go back to the point that was just made the sales numbers if we continue in the upward trend that we are seeing in the market where sales in the next five years i mean it will be the highest sales we have seen in the past five years as far as real estate. >> sean: let me go to bernie in the home depot market. a friend of mine in florida purchased a house and it is not tom monaghan who is my favorite pizza guy. paid $350,000 for his house and today it is worth $100,000. the biggest investment people make is their home. value decreased. is it the worst housing market. >> the housing market is terrible. when we opened home depot back in 1978 we had this recession going in '81 and '82 and the housing market went down in '81 and '82 but recovered quickly. this market has not recovered. it is still way down.
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if you go to a home depot store at 6:00 in the morning or 7:00 in the morning you will see contractors piled up outside. it is half the amount of contractors today. they are not building the houses. there is no money out there. and let me talk about oil for a second. that is the biggest regressive tax i have seen in a very, very long time. the american people i was at a pump, i was at a pump last week and a woman came up and saided i have to go inside really quickly she he said but don't put in more than five gallons, okay. over and over you see this. people don't have the money. it is taking away their income and ability to spend money. >> why should you be surprised about the high oil and gas prices? this is what barack obama told us would happen. when ran for president he said my energy policies will necessarily mean higher energy costs. >> sean: he did say he would have preferred a more gradual increase in energy. i paid $5.09 in new york and i
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tweeted it out and i have by the way for those that are green energy oriented this is an escalade hybrid but it is a hybrid. and $5.09 a gallon. is a lot of money. who is getting hurt the worst here? >> the people he talks about. the low income and medium income. they are getting killed. >> the point here is the president thinks that oil and natural gas and coal are evil fuels so those are the fuels that we have the most of. we have so much oil and natural gas and we as you said it is a revolution going on and the president is opposed to those where he is spending billions and billions of dollars on things like solyndra and the wind mills. we get 2% of our electricity from those. he is not serious about a real proamerica energy policy. >> there is the debate about oil production and debate about inflating the economy which obviously the president supports and that comes down to the fed. if we didn't have zero about
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percent interest rates i guarantee oil prices would be lower. >> sean: we have some of the best and brightest minds in the company. i will be joined on stage by herman cain and nina easton. president barack obama says we are drilling everywhere we can in america. that is one of the wild claims we will careful, pringles are bursting with more flavor. [ crunches ] mmm. ♪ [ male announcer ] pringles... bursting with more flavor. [ crunch! ]
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>> sean: and welcome back to this special edition of hannity as we he focus on how the presidents if economic agenda has impacted many of the challenges we face as a nation from the energy crisis to unemployment. we want to take a close look at the administration controversial energy policy. in recent weeks the president has traveled across the country and made some bold claims about his efforts to increase oil production, domestically and much, much more. take a look. >> we are producing more oil that are any time in the last eight years. >> under my administration oil production in america is at an 8 year high. >> over the last three years i directed my administration to open up millions of acres. >> over the last three years my administration has opened millions of acres of land. >> we quadrupled the number of operating oil rigs. >> we are opening up more than 75% of our potential oil resources offshore. >> offshore i directed my administration to open up more than 75% of our potential oil
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resources. >> under my administration america is producing more oil today than at any time in the last eight years. >> we are producing more oil right now here in america than at any time in the last eight years. >> sean: joining me to help compare the president's energy stump speech to the realities that we face as a company the former ceo of good father's pizza, former presidential candidate herman cain and fox news contributor nina easton. welcome both. >> thank you. >> sean: if you look at north dakota where unemployment is 3% we are talking about private lands. isn't the reality is that leases have gone down 50% and he has made it more difficult for drilling on public lands? >> even though we are seeing this president running for reelection on a drill baby
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drill platform. he he is bring out these numbers. the facts are that drilling on federal lands has gone down. it has gone up on state lands and private lands. leases have actually gone down. >> sean: about 50%. >> about 50%. and if he is going to be honest with the american people he has to admit that a lot of the production that he is boasting about reit now actually was okayed during the bush administration. it is george bush's oil production. >> sean: an interesting point. he likes to blame george w. bush, talk radio, fox news, lames everybody. the tsunami. the earthquake. kiosks. atms. he inherited gas prices at $1.80 a gallon and now it is $4 a gallon. i don't hear him blaming that george w. bush he gave me under $2 a gallon gas. >> this is the most
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disingenuous president in history and i say that reluctantly because i was hoping that this president would succeed. he is the most disingenuous in history and here is why he gets away with it. america is divided into two groups. the clueless and those that know what is going on. part of that strategy is for him to make disingenuous statements like that and the mainstream media is not going to challenge him on it. >> i would bring up her man talked about a longer term view. i think there is a danger in connecting current gas prices to what a president can currently do. we have to look over the expansion of his time in office. he said everything is going to be on the table. he originally was a clean coal guy. that is off the table. he was originally for nuclear. well, we have seen one plant approved but the chairman of the agency that he appointed voted against it. he now says he likes natural gas but the natural gas folks think that he is -- all the
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regulations he is going to propose are going to impede that. and he loves to bash big oil which is also responsible for the production that he wants to claim. >> sean: he claims that, you know, did you hear anybody say drill, baby drill, we are doing that. he says i'm and all of the above guy but actions speak louder than words. we just heard the president's stump speech. is he lying to the american people? is he dishonest? does he really believe that because the reality is very different than what he is saying. we could drill in the 48 states. shale, east and west coast. and then we have enough gas for well over 100 years to be self-sufficient. >> the president's rhetoric is simply not true, period. no matter how you call it. and all of the experts and even some of the governmental agencies have documented the fact that we have years and -- hundreds of years of energy if we were to use all of the sources.
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we are the saudi arabia of coal but yet the president is creating -- >> sean: and natural gas. >> and natural gas but they are creating barriers to prevent entrepreneurs and businesses to really go after it. >> sean: does this come down to the democratic party and this president in particular is behold ton an environmental movement against drilling, expanding coal mining against nuke power. is that what this is about? >> i think it colors his view. what you are seeing is an alternative to all the other stuff he was going to put on the table is the continued subsidies for green energy and that has taken us down the trail of solyndra. we saw where that happened. all these hopes pinned on the electric car and we somehow the chevy volt. >> doing great. $10,000 bonus to buy this piece of junk. >> they had to temporarily suspend production on that because people aren't buying it because it is too expensive.
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>> sean: steve forbes is dying to get one. >> renewable energy is great in concept. 2% to 5% of our energy needs can be productive. hypern: it is not only high bole, it is demagoguing. they want those with autism and the elderly to fend for themselves. how do the republicans from a political point of view and you just came out of a pretty intense primary battle how do they fight back against that propaganda or narrative of the president? >> they simply have to present the facts to the american people simply and succinctly. here is the fundamental flaw in what it appears president is trying to do. they are trying to force the development of technological breakthroughs by trying to pick winners and losers. the government doesn't do a
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good job of picking winners and losers, the market does. every time the government tries to pick a winner or loser they mess up the whole chain. if you go back to when we used to depend upon wood we used to burn wood for energy. >> can't cut down a tree any more. if i cut down a tree in my backyard it is a $10,000 wood. >> moved us from wood to coal to coal to natural gas. it wasn't government programs. it wasn't the government trying to pick winners and losers. the marketplace and entrepreneurial break throughs and creativity is what got us to that point. i'm not against alternative fuels. i think the marketplace ought to decide when they are ready and will be applicable. they are not ready right now. >> sean: time to call out the radical environmental unit responsible for your pain you are feeling at the pump. we reveal the current solutions
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some of the best brightest minds to discuss the administration economic policies. we played the president boasting about promoting oil production in the u.s. there are other are key areas he is firmly opposed which cost the country both domestic energy resources as all as jobs. for example the keystone pipeline that he is obstruct. there are estimates that 20,000 jobs could be created if in fact it was fully approved not to mention the nearly 800,000-barrels of cruded oil per day that would reach refineries in the gulf of mexico. for years the left wing has stood in the way of the mountains of resources in alaska, particularly anwar where nearly 12 billion-barrels of recoverable oil could exist and maybe more. here to talk about the untapped resources in the u.s., steve forbes is the editor in chief of forbes media and the ceo of
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sanridge energy is with us. i had senator imhoff and interviewed him. he talked about we have a minimum without oil shale in states like utah, wyoming, 60 years a minimum of 620 of oil. a minimum of 100 years of natural gas. this is your industry. is that about right? >> there is a tremendous amount of supply in the u.s. we have seen that over the last three years as we have -- in 1973 we produced 9.6 million-barrels and it had fallen down to 5 million-barrels by 2008 but now we produce closer to 6 million-barrels and this was a trend that i would have never thought could have changed but a it is because we have capital willing to invest in the united states in the last just within the last three years. >> sean: and the obstacles and obstructions, steve, this is your business. you follow this every day. they have been great in making it almost impossible for any company in wanting to invest in
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resources here. >> shows the entrepreneurial spirit of the american people. the whelm thing on fracing. >> sean: explain for most people. >> it takes an intense amount of water and a few chemicals going thousands of feet underground and breaking rock and releasing natural gas and that has doubled gas production and just beginning. that is why gas went from 13-$15 down to under $2. it is amazing. and the revolution is just beginning. and so this has been in spite of washington but when you look at offshore all of the barriers they put in the way to get approvals not ex-poditing it. norway, they drew a lot off norway, not an ungreen nation and they have done it safely. why can't we do it here. >> sean: france gets 75% of their power from nuclear energy. we haven't built a nuclear power plant in thirtiy some odd years here. when you go to the bp oil spill
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they had to literally drill a mile into the ocean because weren't oil companies pushed out that far because of environmentalists? in other words, they could have drilled in shallower water. >> yes, but as years have gone by there are resources or places you haven't been able to get to before. today we drill in tighter rock than we did decades ago. and for us in the united states what that means is we have a tremendous amount of is supply in tighter rocks that require us to use fracture treatments or fracing in order to get out oil and gas. >> sean: talking about fracing. we have all this oil shale. i read a great article about how the technology to extract that where it is oil within rock and they apparently have this technology where they can microwave it, liquidfy it and extract it that way and it it is getting better. >> and getting better in the so-called horizontal drilling. take fields where they thought hey, it is really beat up and
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out and they are finding more and more and more oil which is one reason why oil production has gone up. if the government was serious about drilling, take the arctic off of alaska we have gone there with cameras, wilderness, royal dutch has put billions in to do it and the government has given approval but stands on the side as extreme environmentalists block it where they have the three or four months where they have actually do real drilling. >> we have the ability as an industry, our energy industry has worked environmentally clean and we continue to. >> sean: with very few accidents by the way. >> and north dakota is just beginning as you go through the mid section of the united states. i believe that the top growing states in last year were north dakota, wyoming, louisiana, texas and oklahoma. and what is happening is we will create more and more jobs across the mid section of the united states shun. >> sean: wouldn't the threat of drilling immediately drive down
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the price of oil? if for example congress were to act or a new president was elected and say we will open drilling in anwar and expand drilling off both coasts, the 48 states, the gulf, don't you think you would see an immediate drop in the cost of a barrel of oil? >> it would have a huge political implication. what is opec going to do. in their ability to have control is less than it has before. they will ramp up production. get it now before you can't later. and take a state like pennsylvania a big industrial state, all this began in the 1850s. they now get over $700 million a year unanticipated revenue because of fracing. >> shannon: coming up, the -- >> sean: , coming up, the question is simple. can you afford four more years? i will ask one of president obama's most outspoken critics the founder of home depot when joins me next on this special edition of
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today members of congress have a simple choice to make. they can stand with the big oil companies or they can stand with the american people. right now the biggest oil companies are raking in record profits. profits that go up every time folks pull up into a gas station. >> sean: that was president obama attempting to deflect the blame for the rising price of gasoline and he is blaming congress, he is blaming oil companies and frankly anybody else within shouting distance but as you have already heard tonight from the studio audience, many americans believe that president's economic policies are in fact responsible for the challenges that we face as a nation and that includes my next guest, bernie marcus, cofounder of home depot, creator of the marcus foundation and cofounder of the jobs creators alliance. good to see you. >> how are you? >> did you ever see the oil and gas companies, oil companies
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came out with a pie and show the government's share what they get in taxes and how much they make per gallon and all the taxes that they pay and the state gets and everything in between the government that doesn't explore, doesn't extract, doesn't refine, doesn't deliver makes more money for a gallon of oil than the people who do the work. >> how about the people who don't pay taxes at all now. think about the 47%. they are paying a tax now every time they buy a loaf of bread they are paying a tax and all due to the oil. so, you know, it comes back eventually and you can say whatever you want to say. this election will be predicated on the price of oil i promise you because i think the american people are going to understand what happened over the years, think about nancy pelosi eight years ago didn't she say why drill because it takes seven or eight years to get a well in. >> sean: we would have been
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there by now. >> right now we would have been there. i don't buy all of that. i have great concern about what is happen with this country and with this government. >> sean: first of all, you got to give him some credit and this is the credit i give him. he got his stimulus plan. son of stimulus. grandson of stimulus. got his budgets passed. got a signature healthcare plan passed. he had nancy pelosi and harry reid for two of the three years and we have got 47 million americans in poverty, millions more close to poverty and 26 million americans unor underemployed. why does he never take blame for any of this? >> i don't know. >> sean: it's george bush's fault. >> i have an old story. want to hear it? let me tell you what it is. >> sean: let me hear the story. >> the rules of the game. the republicans play the rules of playing golf. in golf if you miss a putt or touch the ball you call a shot
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on yourself. we are playing the game of golf. the democrats are playing ice hockey it as killer game and that is the difference in politics. >> sean: if he is reelected. if barack obama is what do you see in the crystal ball? >> despair. i think that business people and i speak to business people all the time. ge, a different world, he is making a lot of money overseas. i'm talking about small business people that make their livelihood here and don't have lobbyists in washington. they are disheartened, uncertain about the future. certain that if he is elected the cost will go up and the cost of health insurance will go up. if obama care stays they will get killed with obama care. they know that the regulations are going to be there. nlrb. there isn't a firm out there that is not going to be unionized and if every firm is unionized the free market is finished in the united states
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we will end up like spain and greece and uk and germany and everybody else. >> sean: and that means austerity measures and people that actually believe the government promises about benefits of whatever kind or another and when the benefits are taken away anger, frustration, taking to the streets, rioting. do you see that? >> rightfully so. i mean look, if you are working and you are promised that you are going to get a pension and it is promised to you with the great thought of the politicians who agree with it because they elect the politicians who now agree to give them the higher pensions and then the day comes when you go to get it and it is not there. >> sean: i would be angry. >> you will be angry and you feel like you do deserve it and you do deserve it, you were promised it and you should have it. but somebody has to pay for it and you can't keep going back to the well. this 1%. i mean the tax thing that he came up with would only solve what what, i think 1% of the problem, the deficit this year.
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it would raise a small amount compared to the deficit this year. and it just doesn't work, sean. the numbers don't work and, frankly, if in fact this administration goes on for four more years we are going to be in very, very deep trouble and i'm worried about it. i'm concerned about it. >> sean: i think we all are. good to see you. when we come back the studio audience of ceos, industry leaders, business experts, they are ready to join this conversation and they will take over when we come back. this special edition of "hannity" continues straight ahead. bass pro shops like... plus, bring the kids for a free picture with the easter bunny.
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>> sean: welcome back to this special edition of "hannity qus as we look at how the obama administration economic policies have among other things driven up the cost of gasoline in america. and to continue tonight's discussion we bring back the studio audience of great business leaders. tom monaghan, founder of
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dominoes. herman cain, father of -- >> we know each other. we are now friends. >> i understand. >> i think of. >> he didn't deliver so i didn't -- [ laughter ] >> sean: why didn't you deliver. there were late nights i really wanted -- >> they didn't deliver bc before cain but when i got there they started to deliver. >> sean: and delivered within 9 minutes and 99 seconds. great entrepreneur story. i was fortunate enough to you had a book about your story and your life and your experience. you look at the economic conditions today. could somebody come out of no where and do what you were able to do with dominoes? >> would probably be a lot tougher. but i would hope they still could but the way things are going -- >> sean: what would be the biggest challenge? >> the regulations. the red tape. i mean i'm starting a new chain now or trying to delivering hamburgers and i have been
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working about five or six months trying to get approval to open up a little carryout and delivery hamburger place. >> sean: so delivery. can you make it cheeseburgers with grilled onions on the side, special french fries and shakes? that would be perfect. charles? >> i want to tell -- it sort of dove tails to the discussion you and bernie were having on spain. i read an interesting article in the washington times. the metro in washington can't fill jobs. there is a thousand jobs and they he cannot fill jobs. talking bus driver jobs you start with at 60 grand. out of every -- there is something wrong, sean, beyond the regulations part of it. something wrong with the race to the bottom. the acceptance of mediocrity. we blow the standards to the point where people aren't motivated. the people in spain we are talking about we are incubating
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them in this country right now. if you can't pass a test to become a bus driver but you know he you are still going to eat there is a serious problem. >> sean: global sector. tell us about your business. what you do and how the economy is impacted by all of the things we are talking about tonight. >> sure, sean. i work in the ceo and board practice and run a global sector within our financial markets practice and some of that practice touches on small emerging businesses that are backed by private equity firms and a large part of that business also touches the fortune 100. fortunately, get a perspective across the whole market. i think the thing that is missing is that policy requires insight and policy requires the ability to be both tactical and strategic. we need tactical policy. for example, 6 million employers in the country today. 99% of those employers, 6 million employer organizations, are small businesses. you can create jobs. i would bet you that tom or
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bernie or herman would have created jobs with this tactical approach. if you give a job credit of $1 for every dollar of new payroll created inside a small business you would see those dollars instead of going to washington going to creating a new job. now, here is the magic. that new employee, guess what, pays taxes. so we are not taking that money out. >> sean: you hit on something we haven't gotten to yet. class warfare. there is the 1%. there is the 99%. evil oil companies. big business. big wall street. it has been demonized by this president. i -- look, i started at 12 and 13 scrubbing pots and pans in a restaurant. i have done every job imaginable all the way through high school and then i got into contracting and spent a lot of time at home depot. never getting a discount at all. >> neither do i!
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>> sean: good point. but in all seriousness, i never got a job from a poor person. i got hired by people that had nice homes that wanted me to do a good job and people that had money that came into restaurants and tipped me. i was happy to have the job. >> here is the point. the $250,000 number in terms of policy i would speculate that 90% of the people in this country who make at least $250,000 are small business owners. >> sean: they are. >> corporate america is not createing that many $250,000 jobs. >> that is a good point. >> how do we say we will help small business and say to the small business owner making the 250 by their own innovation and risk that we are going to tax them in a way that is not going to hurt them if you really get down to it because they will use the money not to create another job. >> sean: we have to break but raise the point steve and i were talking about before the show which is come the end of 2012, january 1, 2013,
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everybody's taxes go way up. the bush tax cuts expire. we will have more with this special studio audience edition of "hannity" right after this break. thanks for being with us. if you're one of those folks who gets heartburn and then treats day after day... well, shoot, that's like checking on your burgers after they're burnt! [ male announcer ] treat your frequent heartburn by blocking the acid with prilosec otc. and don't get heartburn in the first place! [ male announcer ] one pill a day. 24 hours. zero heartburn. holding down the fort while you're out catching a movie. [ growls ] lucky for me, your friends showed up with this awesome bone. hey! you guys are great. and if you got your home insurae
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>> sean: welcome back to this special edition of "hannity." we continue with our studio audience of grade business leaders. david and lisa. david thank you for being here. and lisa you make the best brownies. and you were so gracious, you gave all of us. you are the founder of brownie points. small business entrepreneur and how well have you done? >> well, fortunately, i have done very well. but it is absolutely true there is so many obstacles now and i feel like i am a job creator and i love to be hiring more people right now but it is difficult. first of all, the gas prices have impacted us horribly. and while i'm not an expert in producing oil, i am an expert in brownies andk i can tell you that every single aspect of my business is affected. commodities. our daily expenses our packaging costs, everything. >> sean: costs more so you have to charge more. >> absolutely, absolutely.
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>> sean: and all passed on to the consume. it is. >> sean: i made the statement that corporations don't pay taxes. >> right, right. >> tell us about your business. >> sean, i like the fact that you were in the restaurant business in the past and i'm the same way, too. and we have the same tie. >> sean: i like yours better. >> great. i want to simplify things. we are seeing that the consumers are having to pay for all of this and we don't really think about all these impacts especially when it comes to inflation. people say we are going to go into an inflationary period. we are already in an inflationary period. talk about commodity prices. i walk down the aisle of supermarkets. have you seen the food prices? nobody seems to understand, especially people who are in government they can't somehow connect what real people go through. >> sean: they don't get it. i actually go shopping a lot and the strangest question he people that watch the show go why are you shopping? because i'm hungry, i like to
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eat. i can't leave a grocery store honestly and i don't get a whole lot. fruit, milk, vegetables and cookies and brownies. >> absolutely. >> sean: because i need yours delivered on a daily basis. it is true. everything we buy is impacted by this. tell us about your business. >> an american manufacturer of food service equipment and appliances and i started as an asian manufacturer and i have come back home because doing business in america really makes sense. in this phenomenon of backshoring is there and we he could take advantage of this. there are literally some of our best job creators such as myself have gone overseas, pushed overseas and they are waiting to come back home. i discovered in asia that the cost of doing business corruption, poverty, the rape of our planet, the labor rights, human rights, the rising cost of labor, i added it up and it just didn't make sense any more. >> sean: but a lot of people are looking at the regulations in this country and they are
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saying i'm going to send this -- it is financially viable i can get something for $2.50 per unit made over in china and sell it here for $50 and i'm rich. >> but those calculations aren't quite accurate any more are and if we had a government and a president that could connect with these people, americans, some of the best job creators who want to come home like myself and if we would send a message to them that taxes and healthcare and regulations. the 1.7 trillion. >> sean: we can get them back. >> and we would have more manufacturing jobs in this country than we can fulfill. and i knee t know that to be te because i'm doing it. reach the people who want to come home. starts with a vision and the next president of the united states must have a vation to bring them back home and we will solve this problem. >> sean: one factor involved in the equation as well. they are patriotic americans that would be nothing would make them happier than to have their business in ohio or
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michigan or in the heartland of this country. >> this month the united states in april the highest corporate income tax. >> sean: this april. >> something steve forbes writes about. >> how are we going to be competitive in a global marketplace if we have the highest corporate business taxes in the world? >> if i don't get stan in i will be. stan, sorry, we saved the best for last. >> i appreciate that. i run a plastic bag manufacturing and recycling company and we have 1250 jobs here in the united states, ten plants and we spend all of our time focused on working against the government who is trying to ban us out of existences and it is a great industry. it is a home grown industry. it is with people that go to work every day and pay their taxes, trying to put food on the table. amazing people but state governments are trying to ban us out of existences, tax us out of existences. >> sean: have you have to spend all the money to protect the jobs that you have just to stay in business. >> absolutely. and what we he have done is we
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have spent so much money we could have built more recycling plants which we take garbage and turn it back into plastics and turn it back in products. instead we are spending our time fighting against legislation that is going to take american jobs out of this country. >> sean: i want everyone to tell me where should i invest? any ideas. >> my company. >> housing! >> your company. brownies. >> under your mattress. >> under my mattress? you know where i live, that is why you say that. >> this is the time continue to vest in america. it is like the early '80s. brim time. reform is coming. this country is going to take off. >> sean: america's better days are ahead. >> you bet. >> sean: shining city on the hall. >> if we don't do something about our marriages and families. >> sean: an important component. educate kids. get rid of drugs, gang, violence. >> rekindle the american dream. >> sean: thank you so much for being with us tonight. we appreciate it. that il
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