>> as we mentioned, we have a surprise from major league baseball and the mariners. >> clayton: we understand that ichiro is your favorite player, a signed ball from him to you and the seattle mariner and jerseys from seattle mariners and look at the name on the back! >> wonderful. >> alisyn: thanks for joining us! >> texting out a new job, while still collecting unemployment. i kid you not. it's the labor department's new bridge to work program and somebody here says stop creating the costly bridges to nowhere and start getting out of the free market's way to create jobs. hi, everyone, i'm brenda buttner, this is bulls and bears. let's get right to it. bulls and bears this week, gary b smith, tobin smith. jonas max ferris along with scott martin and jehmu green. and let workers collect benefits? >> you know, brenda, it's just another in a long line of

goofy government programs, trying to get the economy started. and first of all, whenever i hear that people get money and companies get money in this case, for hiring temporary workers, the first thing i think of is fraud. you know, if this goes through, we can come back a year from now and we can start to count how many millions we're to expect. the bigger issue, you know, brenda, we, you know, as a nation started building cars and sent men into space and we built canals and railroads, and we know how to do any of those beforehand and you know who took the risk, the manufacturers, the companies, the corporations out there took the risk and if ne failthe failed. it's another way to transfer money from one to another without supposedly anyone taking any risk, it's goofy and should be be stopped. >> well, scott, actually about a third of the workers in georgia upon-- that's the state upon which

this whole program is based, found full-time work from this. that's better than nobody. a third of the workers. >> well, brenda, i mean, a third is good if you're albert pujols and batting .333. albert pujols is not batting that, i'm sure he wishes he was. the blueprint for georgia is exactly the problem, brenda. you talk about the businesses who got involved they spoke of human resource headaches, from this he inequality in the work place. if you're looking at the blueprint what went wrong and why we're doing this. >> jehmu, should we be doing in? >> absolutely. it smells like innovation. what worse for lessons that have been learned in georgia and there are parts of this program that have been done in parts of other states and look, this is a test program and going out with ten states,

this is about getting on top of the people who have been long-term unemployed and if we don't get on top of that. it's going to destroy our economy. so, the skills that they get from it, the new references that they're able to apply to it and there are many, many people in the private sector who appreciate exactly this type of public-private partnership. >> toby, jehmu says it smells like innovation. >> it smells like something, i'll give her that. we do some hiring this week and we have a couple of people who we sort of wanted. they said, listen, i'd love to work for you guys, and give me six months before my benefits run out. and we've set up this expectations of somehow, you know, we notice from all the studies done, and by the democrats, by the way, that if you extend these 99 weeks and you have all of the bridges to somewhere, whatever, people take it right to-- we have 1% less unemployment and that statistics of the

government not me. and i think again, this smacks of the creativity, is a code word for, please, let's just try to help everybody we can, let's try to make life fair, too. >> well, i mean, of course, we don't want to make fun of those who have been unemployed. aen this is where, people, more people have been unemployed for longer than i think, since the great depression, but, jonas, the issue here for you, is that they're already so many incentives to hire. >> right, and i like the idea in theory of a training program, but there already are, like the student loans, in this country, it's great. i'm not saying we shouldn't do that. this is kind of like a subsidized internship or sp, and corporate america, you get employed for free and quote unquote, train. and interns, and they collect unemployment from the government. i won't say it's better than collecting unemployment, and has some improvement.

but unemployment, now you don't need to hire people because you have the freeway interns kicking around you're allowed to work and i think the president is scared to go full fdr and hire people for the works program. and the government has their own problem or recession, and i don't think it's a good mix. >> alisyn: wait a minute, i've got gary b. the look on your face is-- >> the look on my face is still, in fact, when i heard the word innovation. you know what innovation is, brenda, when the age in the early '90s when companies were out there starting to develop the internet, the googles, ebays, the amazons. guess what? they had no money to train workers, amazon, came in and said now what i'm going to do, i'm going to train people to do this, customer service, to be on the internet, to do the warehousing and nobody knew how to run ebay for crying out loud and jonas, your concept

of the fdr, let's hire everyone, now what that is, that's a massive money transfer from one group to another. that's no panacea either. >> and from taxpayers to companies for free labor, but the point, the points is using our actual government projects and the defense department created the internet and-- >> the defense department and the companies, come on. >> and you don't think they have a show and the money behind them and-- >> it's hired by-- >> and they're making the point now. >> and hold on, now what? let's let jehmu get back in here, because she's really behind this program, and there have been a lot of objections to it. what do you think? >> at the end of the day, anyone who has hired someone, you understand that the time it takes to train them, to get them up to speed, does cost a lot of money and it costs a lot of resources, so, why not find this innovative creative

way that the government can work with the free market to help bring these people, who have been unemployed, back into the work force, exactly what the economy needs and if we keep pooh-poohing it, then we're going to sabotage the efforts like that. >> and the business may not be ready to hire, i mean, this is not going to be free and-- >> they are ready to hire and they're saying they're ready to hire and help to bring in the folks who don't have the skills, who have less jobs, less industries that are no longer as productive and this is, at the government-- >> and, but gentlemen, find some way of celebrating when the government does something write to say yeehaw. >> when that happens we'll celebrate. >> we're not there yet. >> and toby, toby, to jehmu's credit in this recession, we have construction basicically people with construction

skills have nowhere to go and the housing market. and people with mortgage backgrounds, all of that, they have to learn now skills and this is, you know, at least, a gesture at trying to train. >> sure, there is, but, if you look back the at, first off, the quote, unquote, jobs training, we've done this for i believe 65 years and the track record is just incredibly abysmal. because somehow we pick things at the government level that are going to be worse. let me tell you if you want a job today. learn to do it on the internet and get a job within 30 days and do some analysis and some things that you can go to the internet or go to training, you don't have to-- government do it. >> that's got to be the last word, guys, thanks. well, you think the green wasted at gsa is over the top? wait until you see the new waste cavuto's gang is uncovering from the green agenda at the bottom of the hour. first, president obama cracking down on oil speculators, greater supervision for penalties?

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>> and good morning, everybody, live from the headquarters. there are major developments this morning in the secret service prostitution scandal. republican senator chuck grassley calling for a broader investigation now, including all white house staff and communications personnel, who are on the trip to colombia or who helped plan it. meanwhile, the number of agents implicated in the scandal, up to 12. six of them already fired, or forced to resign. and now in the united nations, a price in syria, and the security counsel is expect today vote on a resolution, to expand the monitoring resolution and peace plan to stop the violence and authorized the deployment as

well up to 300 unarmed military observers to make sure that the cease-fire is honored. i'm jamie colby back in 30 minutes with more headlines, keep it here on fox. >> pump prices dipping this week, but way up this year and now president obama is cracking down and pushing the 52 million dollar plan to rein in oil speculators and he says they're hooking up gas prices and you say the crackdown will fuel even more pain at the pump. >> yes, let's use history and go back to that 2008 time about march and we were cracking down on the speculators because oil and gasoline prices had gone ballistic. and what happened was, that there were those on the wrong side of the deal and they went from a dollar to 1.40. now if you actually want oil prices to go down. the cure, high oil prices we come around september and october, we're going to be-- let the market work, when you

mess with this, this is where you get upside down. >> alisyn: jehmu, what does history show us? this has been tried before. >> at the end of the day, as late as the free market is, it never was intended to be free rein to run rough shod over-- >> you mean regulated markets like the futures. >> and so, at the -- the american people expect the government to step in and stop. >> oh. >> they depend on the government to step in and stop the rigging of the markets. >> what happened last time. >> did it work? >> this is one step that is a part of all of the above energy strategies that the president hasn't engaged in, and the sec has been reining in for some time. and gary b. fair enough. but it may give more to larger hedge funds and take smaller

investors out of the market which is not what is going to help things. >>. >> exactly, brenda, when neve more volatility in the price of, now what, it was mentioned earlier that this is somehow illegal. this is what companies do, to prevent costs from skyrocketing, and airlines, for example, hedge on the price of oil, and fell, oil all of a sudden goes up and locked at a lower price and pass on the savings, oh, my gosh, and the consumer that jehmu thinks that we're trampling over and the other thing, brenda is that, you know, i'm sure president obama knows in, but the price of oil as toby alluded to is based on two things, supply and demand. maybe you get some short-term impact, and short-term, and then the speculators are crushed, also, as toby says and everything reverts back to normal. and sorry, jehmu, that's the way the market works and the best way for consumer to take

advantage. >> jonas, what do you think about this? >> i think there is manipulation in all, in a lot of markets, particularly commodity markets, and i think that in general, the increased demand for this investment in oil has driven up the price and now set the price higher for people who are buying, and my problem, i don't think the government can stop that easily, so, one to say it exists somehow to root it out and some are manipulating prices and buying futures, setting high for a deal or certain prices, it definitely can go on. >> and it wouldn't be a bad eyed idea in the precious metals markets, it was easier to leverage up. and without margin you can borrow money outside the markets and there's no great solution, and he wants to give 65 million dollars to root it out. it's an issue and playing high prices and sometimes works against the national gas prices, and the speculators prices. >> and it's good for the--

>> and if you like a green agenda, you can lead to electric cars and all of that, and the cars. >> you know, hold on, let me get, and you're upset, we'll get the times where you'll got your time. scott, is this the answer to higher oil? >> no, absolutely not. and i mean, free rein to make a profit sometimes illegal in this country? give me a break. oil price 150 and fell to 30 in the recession. and issued what, like one or two permits to drill in the gulf? lindsay lohan has been in more feature presentations since then, that's ridiculous. (laughter) >> let me have jehmu and a chance for the last word. >> and the fox news special, palin, eric bolling, exactly what the president is doing is one of the things that eric bolling asked for last week, raising the margin

requirement, but at the end of the day, i think this is also about the american people having confidence that we're not going to see the same type of greed and illegal action taken by wall street folks that-- >> every buyer. >> okay, toby do you want to-- >> and the trade, don't pout. >> i'm going to pout, all right, more employees suing, for working after hours, and we'll have extra pay sounds fair, why someone here is saying it's bad for economy. kg [ leanne ] appliance park has been here since the early 50s.

my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the forefront of revitalizing manufacturing. we're proving that it can be done here, and it can be done well. [ ilona ] i came to ge after the plant i was working at closed after 33 years. ge's giving me the chance to start back over. [ cindy ] there's construction workers everywhere. so what does that mean? it means work. it means work for more people. [ brian ] there's a bright future here, and there's a chance to get on the ground floor of something big, something that will bring us back. not only this company, but this country. ♪ you know, typical alarm clock. i am so glad to get rid of it. just to be able to wake up in the morning on your own. that's a big accomplishment to me. i don't know how much money i need. but i know that whatever i have

that's what i'm going to live within. ♪ ♪ [ male announc ] you plant. you mow. you grow. you dream. meet the new definition of durability: the john deere select series. with endless possibilities, what will you create? ♪ learn more about the new select series x310 with power steering at johndeere.com/x310. >> coming up more u.s. workers filing suit for their bosses after after hours work without pay. will we all pay, another euro

. >> neil: more workers asking the judge to slam the gavel. more at home and on the road and bosses to pay up. scott, do you think this could smack down our struggling economy? >> well, it's terrible for businesses, brenda and even worse on the part of the employees, people are upset because they have work and they have too much of it? i mean, the administration goes on tv and says we have all of these businesses looking for jobs and jehmu said that earlier and now, employees are complaining because they have too much to do, that's unbelievable and suing the businesses that's unbelievable and killing the business profitability and make businesses not want to hire. >> workers have been asking a lot more-- i mean, companies have been asking a lot more of the workers, jehmu and that could be basically, that could be a violation, couldn't it, the

labor laws? >> it absolutely is a violation to not pay overtime. and you know, it would be great if worker productivity was increasing and the profits, the record profits that companies are bringing in and the record salaries that ceo's were getting was transferring down to the workers, but that's not happening. in the real world, the only thing that workers have to do is sue, sue away, till the companies, and ceo's wake up and say you cannot, you know, take the benefit of worker productivity increasing, and not pass that down in wages. and that's stagnated and they have declined and this is going to-- >> and gary b. there is an alternative to suing, isn't there? the free market again? >> hey, that-- you know, i'm just laughing, for jehmu, every day is one more day in the great dust bowl of this economy. and we just, downtrodden worker, but now what, brenda, you're absolutely right.

here is what happened. look, i will agree that sometimes workers and not hourly workers, salary workers are taking advantage, they're the real problem, the people that are suing, but nen companies can adapt and unfortunately, when supply exceeds demand, in this case, the economy that we have, you're going to have companies that say, okay, now you're an hourly worker, you don't like that you you're going to get fired and you'll be replaced by other workers so i see no net effect on the economy because both sides will adapt as long as the free market the is allowed to work. >> brenda: jonas, right now it's cheaper to use fast instead of hire new people. >> one of the reasons the cost of hiring a new person, got to get insurance which is expensive. pay their social security match for the first part of the salary and using them on staff it's extra. and if you don't pay them double time, it's a super deal.

i will say if it was illegal say in recession to use them without triple pay. you would see the unemployment rate go down and companies would say it's cheaper to hire a new worker, so the fact that you can use people this way, and the unemployment is high. on the other hand, the government would have to remove restrictions. >> no more hands, stop it, go ahead. >> and the bigger issue is, again, what business does the government have for coming in and regulating my company people who work for me use their e-mail off hours, maybe, nell' use them because they probably get an advance of benefits. 25%, the workers get paid bonuses based on, you know, productivity or on sales or on profits. so, come on, you're going to say i can't pay them a profit sharing because they used their phone? put your big boy pants on here. >> and when you are-- >> guys, i'm sorry, we've got to-- >> thank you. thank you guys. >> and paid for. >> thanks to jehmu for joining us, coming up, we're hours away from a vote in d.c., and

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is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >> predictions, gary b you're up. >> mcdonald's killing it on earnings, love the company and stock and even love the food. >> brenda: french fries, jonas, how about you. >> people are ready to step up again. >> brenda: your prediction. >> all kinds of trouble and the italians look good and 50% in the year. >> brenda: scott bull or bear. >> total bear, brenda, in fact such a bear i'm shorting the euro currency, italy and spain in huge trouble and currency printing down with the euro. >> brenda: and gary b a bull or bear on that? >> i would say uh-oh. >> brenda: tobin your prediction? >> and the senate is going to knock