care for your children, you can't do it, you have to care about your children. >> it's not the children. >> ran if you don't want to do the work and look at individual names and go with this. >> have to leave it. >> all right. and david asman next, h-. can college graduates need loir interest rates but they need jobs. i am david asbin with the white house and congress in a frenzy to accept lower student loan . we are finding out over half college grads are underemployed working as waiters. do they need jobs or loir rates. we'll go with steve forbes and victoria and steve and rick and mike. we have the a-team. rich, start with you. >> they need jobs. you can't pay back a loan if you have a lousy job. and we need a functioning economy.

on friday we have terrible news that the first quarter. is exactly half of where the american economy should be in an economic recovery and an administration that never talks about economic growth. they talk endlessly about fairness and consequently a poor job environment and we have a crisis brewing in student loans. >> rick, lower rates don't help if you don't have a job. >> the truth is, you need both. kids have to get prepared for the work force that is the future. one of the things we do too often is judge things by what is happening right now. state of ohio said there will not be enough college graduates to fill the jobs they expect to have coming over the next six years. give the kids a chance to earn an education. you earn twice as much money

coming out with a degree than if you only have a high school degree. steve it it is another bail out that and that is holding back economic growth. >> that's right. the college students should be booing. the tuition is rising and economy stinks. they will not get the lower interest rates. it only applies to new loans made after july 1st. this is bad magician stuff. you are not getting the cut rate. if the president was about jobs, he would reform the tax code and getting rid of obama care and other things. he hurts them and expects them to vote for him. whatever the government touches it screws up. >> honestly this makes me crazy. i think we need jobs and lower

interest ratings. however, all we are talking about. is money growing on trees, too. but we can't have it >> the point is, interest rate situation. going to what steve was saying, it kicks in on new loans and doesn't tackle the largest problem. we need a complete overhaul in general. subsidized loans are one piece. what students are sitting under the hardship of is higher loans. >> but what infurerates me. it is not on jobs. it is not student interest loans, the bigger issue is the fact that graduates don't have jobs. i have a kid about to graduate. >> the president said he needed to keep the unemployment rate under 8 percent. i think you have to go back to

what rich said. the president never talks about growth. he focused on the redistribution of income. what this legislation focuses on taking money from families that earned and saved to send their kid college and have them subsidize. >> that is true. rich who will pay the bulk of that costs? foreclosures are increasing since the assistant programs which initially set to raise 3.4 percent went into affect. >> rick said it is not true. victoria, go ahead. >> to rick's earlier point about looking into the future, i agree. we need to look at our recent past. when you flood the market with subsidized loans prices go up art officially. we saw that in the housing bubble and now seeing it in college tuition it is a shame

for taxpayers and shame for students who walk out of schools with student loans. we have to overhall this and take out that government subsidy and tell schools we are going to pay less. this is absurd. >> victoria, you made a point. the only people making out well is the colleges. they pay professors $200,000 a year for working five hours a week . i am paying $60,000 a year. they are guaranteed payment by taxpayers or poor partners. >> every time a subsidy or loan program comes along tuitions are soaring and that's why they are going up four times the rate of general standard of live twice the health care. administrators and colleges pocket it. it is almost a rival to the federal government. >> rick, doesn't that make you

upset that the colleges are making out like bandid and they are filling up their endowments and raising tuition rates because they are guaranteed payment by united states taxpayers. >> yes, it makes me upset and i am for finding ways to get tuition down. but, do we want to live in an america where only people with a lot of money can send their kids to college. think about that. this is not what is best for our country. there are state schools and places with lower tuition rate,correct. >> they are going up. and i am annoyed at colleges that are charging an arm and leg. here's why. they may be talking about interest rates, and pell grants are cut and those start in research and don't start with students affordability. >> rich. let's pull back to the main

issue which is growth. economic growth. shouldn't the administration focus on that because that is a problem. when you figure out how to grow the economy the other problems are small in comparison. >> you are right, dave. four and half percent growth covers a lot of sins and if you look at political rancor in the united states right now, it is due to the fact that we are living in a zero sum economy and close to it. and when that happens, people see somebody gains and loss if we could look over the horizon and get back to the historic rate of growth which is four and half percent. boy, the enthusiasm in this country will go up and students will have jobs and unemployment will fall below five. >> rich is right. one . moral hazards of the opportunity loans it hurts incentives to create jobs and if somebody else is getting the subsidy and i am going to

work and save and what is the sense of going out there and doing that work. >> unintended consequences. thanks, gang. not so sweet news with folks with a weet tooth. you can hershey kiss that cash goodbye. and guess who is denying we have an inflation problem. yeah, the guys on the right. >> my dad and grandfather spent their careers here. >> we are the heart beat and that refrigerator ships out of doors. we are on the forefront of revitalizing manufacturing. it can be done well. >> i was at the plant i was working at closed after 33 years and start back over. >> there is construction workers everywhere. that means work for more people. >> there is a bright future here and a chance to get on the ground floor of something

big and bring us back. not only this company but this country. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. i have twins, 21 years old. each kid has their own path. they grow up, d they're out havingheir life. i really started to talk to them about e things that are important that they have to take nership over. my name's colleen stiles, and my kids and i did our wills on legalzoom. [ shapiro ] we created legalzoom to help you take care of the ones you love. go to legalzoom.com today and complete your wil in minutes.

at legalzoom.com, we put the law on your side. [ 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.

live from america news headquarters. i am patti brown. new develop ams for an armed fugitive in washington state. swat team is surrowning a underground bunker. icler has been on the run since last sunday. when a fire in his north bend home led respondors to the bodies of his wife and daughter. both were shot to death. >> new rules in the wake of the columbia prosecution standard. agents will no longer be

allowed to take foreigners back to hotel rooms and banned from drinking within 10 hours of their shift. urging the agents to follow the rules. we'll be back on the 1:00 eastern for america news headquarters. log on to fox news.com. >> kiss those cheap chocolate kisses. her shey is hiking prices. it is more proof that inflation is real. a lot of folks in the government said it is not. >> market is e sending up smoke signals that inflation. gm and nike and clorox . seeing inflation in the grocery store. energy prices or the weak dollar, it is here. >> morgan these companies are

passing the higher cost to us consumers. and i would not say we are in problem territory just yet. prices have risen 2.3 percent in the past year. they say it will flatten out around two percent. which is a healthy rate . that being said. prices have rise yen not stopped consumers from spending. we saw retail sales up over six percent this first quarter and autosales and home sales are up. it is not affecting them yet. >> we should mention. one of the things in the federal reserve and print money. one of the things they do, they x out the cost of the food and fuel, two things we have to have. they are taking out of the equation things we really need. >> that's right. it is all bogus. we have had an inflation problem for eight years. that's why we had the housing

bubble. and so it is hith the whole economy. you go to a grocery store, what do you find? price doesn't go up but the package is mauler. it is affecting the consumers. cheap dollar means weak recovery. get ahold of it ben. >> rick, inflation or not. >> i think morgan had it right. you have to be careful in how you look at the numbers. we know that proctor and gamble will be rolling back the prices. look at hershey which was the example. they make chocolate and we know that the price of the cocoa bean is at a 30 year high. why? supply. >> we have to be vigilant about inflation. we are coming out of a difficult period where stimulus was require there is a lot of printing of money and absolutely keep your eye out for it. are we well yet? we were worrying about

deflation. >> phil, they admit when you print money there is no such thing as a free lunch. don't you eventually end up with higher prices. uncle ben bernanke has been throwing bills out of the helicopter now. >> ben bernanke is head of the federal reserve and in charge of printing money. >> it was to get corporations to spend. that hasn't happened. we have had unintended affect and that could cost obama the election. 94 dollar gallon gasoline. >> and so much coming down to the price of gas. >> it is going down. >> it does. the world of raw materials has gone up in the past and not just obama administration but during the bush administration, too. and the reason that inflation is not worse statistically because the world of technology is dragging down costs. you can make free long

distance costs over skype. and so poor people are hurt. they live in a world where disporportionate amount of their income goes to food and they are killed. and steve, a point. the price of gasoline is going down a couple of pennies. but went up two dollars a gallons since president obama was president. and so will voters even though it is coming down a couple of pennies, will they see the downward trend as benefiting president obama. >> it is a bear market rally. people know the economy . when it gets ahead of the steam. it is the worst recovery in our history. even e even in the 1930s we had a sharp upturn. this is pathetic. >> expectations are poor? >> they are trying to be set by the federal reserve. it is weird that ben bernanke is acting like a ceo and

giving earnings estimate on inflation and inflation targets. you do make a point david about the fact that the fed ignored or people tend to ignore; you can't eat an ipad or computer. those are the inflation indexes that the federal reserve is focusing on. >> is there an extraordinary amount of conceit with ben bernanke that think they can manipulate the economy and. they are doing a lowsy job by manipulating the currencies here and there. >> that's true. i have some sympathy for pern bern. because the federal reserve has a dual man date. keeping interest among other reasons he thinks and he's wrong on this. he think its will solve the unemployment problem. it isn't. i don't think he is evil. >> and the fact is, our economy is made up of millions

of people making millions of decisions and that formulates the economy. not a couple of guys that sits in the federal reserve. >> every time they try to help they hurt the economy. best thing bernanke could do for the economy other than resigning is get a stable dollar. >> that's the last word. >> maybe steve would be head of the federal reserve. >> i continuing would work. >> he would do away with it. >> it might not be a bad thing. officials say crucify energy companies might be why you are getting killed at the pump. did you see this? tsa agents patting down a little girl with cerebral palsy not once but twice. this is a embarrassment for the agency. what is the solution. forbes gang with a premarket

fix next. (spoken in mandarin) i've still got hours of battery life. it's an ultrabook. you bring great shame upon this coffee hut. with a long-lasting ultrabook, everything else seems old fashioned. ultrabook. inspired by intel. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house.

now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. [ technician ] are you busy? management jt sent over these new technical manuals. they need you to translate them into portuguese.

by tomorrow. [ male announcer ] ducati knows it's better for xerox to manage their global publications. so they can focus on building amazinbikes. with xerox, you're read for real business. >> agents are accused of harassing a seven year old girl . time to privatize it and also don't sell in

>> tt-- tsa in trouble again. parents say agents pated their seven year old girl twice and made them mistheir flight. screeners in la getting charged in a drug smuggling scheme. victoria, you say it is high

time to privatize the tsa and that would take care of a lot of the problems. >> i think it would help. i think it is a hard job to do. day-to-day, looking at thousands of people and i think if you privatize it. you have cretive management looking at it and making those jobs better and more protective and we would not have issues like >> rick, would private zage help the situation. >> i wish it would. i am not crazy about it either. reality is, if we switch the tsa in a private enity. is that we put walmart in the government. it is not going to change thing. just adding a level of prost and middle men. >> but you are also adding competition to the mix. >> and customers get to complain . when did we outlaw common

sense. and when did they start acting like a bouncer in a college bar and insulting a sevenyear old girl. pre9/11 security was privatized and even before and after 9/11 weapons are still getting through. but individuals are getting accosted and they can't complain because the government doesn't listen. >> doesn't the private sector. >> you privatizer should pick your target. don't privatize the tsa. do privatize industries where competition would help people. privatize education and every poor family in the city should have three elementary competing for the voucher dollars. let the tsa be. >> go ahead. why wouldn't you want more creative management lack radiing at this problem and competition look being at the

issue. >> and my defense is, when you see the videos of what the tsa government officials is doing. it is horrifying. >> going back to emac. there is no civility and bill, why do we need a police action. they are checking bags, not hunting down criminals with fire arms. >> steve, what is the answer. >> answer is we are the land of innovation and allow private competition and you will see better security and faster lines. thank you, gang. coming up. you heard sell and go away. former said not this year. names of stocks to buy next weig

>> don't forget conventional wisdom. buy tocks and emac said sell.

>> i like mosaiac am we have a booming oversea. they sell fertilizers and those people will want to eat better and more. >> bill you like that. >> liz, when the farm bubble implodes they will get hurt bad. >> you have a stock i can't pronounce. >> you got it right. it is a fast ticket on the brazilian. >> we like the samba. >> missed private estimates. >> you like ethan alen. >> remodeling and people need furniture. >> what do you think? >> i buy their furniture. >> watching the stock is like watching furniture sales. it hasn't move just missed the earnings. >> what about that morgan missing earnings is not good. >> sticking to it. and great long-term play is gary. he is leaving and one