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tv   Cashin In  FOX News  May 26, 2012 8:30am-9:00am PDT

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and we are the only one who does not have it. and i really blieve that president obama will okay this second he gets reelected. if he does. it is total politics right now. if it goes to the pacific west coast of canada it is going to asia and we'll never soo we we talked about where it is going across controls the oil. why do we feel differently. it is total politicings. >> tracey, a reason we have seen a drop is slow downs from china and india and worries about europe. it is futures market.
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do we show a plan here in the u.s.. many times we don't have one. if we show about for doing stuff at home it could falm the nerves. and that is a good thing. >> christian. do you think it would be lower gasoline prices in this country and wouldn't that be a good thing for the economy. >> it would be a good thing but key stone amounts to a drop in the lake and how oil is traded on the global markets. it is destined to be put in a world market. and it will influence the price of oil and gasoline. it is not to say key stone is a horrible idea. but to think it will what americans are feeling in the pump is ludicrous.
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it would raise prices in the midwest because of a lot of the oil sent down the pipe line and global oil market. this is not going to change for the betterment. >> johnathon what do you make of that. is there a shift in the gasoline and oil production. is that going to benefit drivers in the country. >> more production will lower prices. that goes without saying. essential issue is not price of owl but the plexion - protection of liberty. companies are allowed to invest however they want . we'll not have a filos fear or king or czar or dictator who decides that. it is ironic he is against key stone but given out billions in grants who want to invest
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private dollars. no, that doesn't fly? >> we have talked about it for deck cades. what if it was. was it better for the country, >> i don't think there is an emotional nickel in the price for oil. we have more supply price will go down. oil prices dropped between 20 or 30 cents a gallon in the last month and that was the time when they made oil traders no longer have minimal marches. they had to put up more money for that. so that would suggest that there may be something to the fact they were creating this.
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we have so much in the various oil shells. it is a question of supply and demand. it is a futures market. traders have to make their best place. and if they are concerned about the slow down or problem in the middle east that will affect the price. i take issue. we do nothing and stand back and continue to rely on foreign enemies. this is a start and opened the flood gates and more work will be done not to mention that the jobs.
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we . the people that hate us. one of the key ways to control that is reduce the demand need for it that's the focus of the obama administration. >> hold on, christian. >> you can't ignore that. >> christian, i agree we can reduce a lot and 40 percent of the coast by demand. demand has come down because the economy is worse. we had in the 80s 90s and when oil prices went down we quit producing oil. oil has dropped. we are saying worry about it later. forget the pipe line. it will be approved.
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if obama is elected or obama. >> i agree with that. we have talked about it a lot. do you agree that the change with key stone is a positive for the country? >> of course, it is a positive. every time you find natural resources it enhances and lowers the process. you don't have to go to business school to learn supply and demand controls the market. the price coming down and good. plastics are based on oil. you are right. price comes down. sure that is just simple. i don't know why we are spending 15 minutes debating it >> i disagree with why have
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a policy and it is called economic freedom. and walt disney began buying land in what eventually became disney. imagine if the president or christian said no, we must protect the swamp land. no one will come to south florida and visit the swamp land. great discussion . next week wayne rogers will pick the topic and debate 15 minutes. i thought it was so obvious. all right. thank you guys very much. >> all right. everybody. coming up. >> stay at home momes charging against the government crab on their credit card. should they win the regulation and the white house said to
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group of financial moms are taking swipe at a 2009 law that prevents them from getting a credit card. it means that nonworking spousesould take it out. tracey burns. this is so frustrating that means they have to go to husband to cosign. welcome to the 1930s. they are saying you are useless. and women deserve to have credit in their own names. i got screwed when i was not able to get a credit card.
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you can't do anything. that is an unintenged ed consequence. we run the house holds. women need acess to credit just as much as husbands. concerns about consumer spending aside. we are finding thele fact that it hurts people. and it is zero crisis. it made credit more expensive. are they good luck to tell me
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how to set my alarm clark. >> i am ignoring stay at home dads. >> i don't stay at home. but there are 154,000 stay at home dads . it is tied to income and like a loan. you don't get loans unless you have a income. there is a simple solution to fix it allow the income earning spouse to desigate portion of the income for the spouse not apering a paycheck. that is >> when you say you allow governments should allow. you mean government.
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are >> and that is simple and easy and could be done. it is you are dealing with kids and a marriage and kids at home. you are adding a piece of a problem. >> in the end of the day. do we need to revisit or continue to revisit consumer protection like this? he's right, and 1930s and there were no credit cards in 1930. who you are ento credit cards. you are making the assumption that everyone is entitled to a credit card. you are missing the point. >> will you shut up let somebody. -- you never do that. and it is was not me. there is nothing that said you are entitled to a credit card. people for years never had a
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credit card. credit is extended by someone who want to sell you something. it is a free market to do that. if you don't. you don't get one. it was not like this before the rules were pull in . why did this have to be the result of the financial fiasco. freddie and fanning was untouched and goped up hundreds of millions. if that is a free market i want nothing. >> john you are quiet about all of wayne would yell at you. >> just like my parentings. i live for saturday morning when wayne gets made at johnathon. look, i agree with wayne and christian it is not a birth write. but that does not what happened with j.p. morgan. that is a new one to be put in
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place. the huge gray area. because of dodd-frank. are . trillion came out of the credit hard market. that is not a birth right. but it is affecting the poor who need credit card and stay at homes thoothat need this and don't have an income. do not mess with wayne rogers. >> and to the badger state broadwe go. and recall is more than a week away and might have repercutions for taxpayers and neal is all over it he will be live in wisconsin. don't miss it. >> coming up right here. and you are firing up the grill and why the president's health care law is coming under new fire . ing 18 million to tell you to stay healthy.
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>> promoting healthy lifing . this is more about the health care law . recipients
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vice-president biden is using his time to underscore america's victory over bin laden and saying if you harm america we'll follow you until
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the end of the earth. and and 70 inmates are set free in las vegas not because sentence were up but jail workers called in sick. >> and there is a battle of the pay cut. we'll talk to a mayor coming up live on america's news headquarters hope you join us . spending taxpayer money to promote the health care law. they are explaining. and 17 million and promote the preventative heal care benefits available to all americans. that is a quiet. what is going on here. it is outrage out. they have 2600 pages long.
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then they say we have to explain the law . tell you what to eat and how to eat and when to eat it. use if to educate the congress. if you are spending 20 million. spend it on educating the congress special don't waste it trying to tell us what to do. it is crazyy. regulate your entire life. >> christian you are in dc. maybe it is how it works in government. hiring pr people to tell us to live and east better. >> have to do it and makes sense. preventative care is an alien concept and they don't know about it people should know about it to reduce health care
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spending . it is amazing how it is an issue by people in the obama administration given the fact that the previous administration spent over 100 million to advertise and have the medicare law. it is all politics. >> i wanted to give johnathon a chance to swallow. >> i agree with christian eating right and healthy exercise. it is no question. but is it government's role to do that or live our lives. they are saying i should take a spin class or cutting the carbs and it was the government's own pyramids that is now discredited. there is no such thing for a national health care bill . you need to go get a physical. that is freaking me out. >> we have all of the ads on
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the fabulous and how much is it going to cost us and extra taxes on the drug company and medical device . exercise tax . investments going forward to pay for the fabulous prev ventative care and johnathon eating chips it is an expensive bill and to the doing thatwhat they say. >> to wayne's point you can't fix stupid. you will not help our congress by spending billions of dollars . approximate polio. we eradiated it through prevention . what value do you put on a kid who is obese. but i agree with the premise but not the method. you hope it gets out there. and everybody knows this
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except for johnathon. christian, thanks for joining us. coming up. millions going to food tax recipients . that's why we extended $6.4 billion in needit to small businesses across the country last year. because the more we help them, the more we help make opportunity possible.
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what do i need to know. food stamp graud. and really? reform the system already. >> really. it is. really. chesa peek had problems and it is a whole new world to the united states. good enough for me. look at the yield on rso. >> it is real state. it is.
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wanted to double check. johnathon. >> codity prices are lower and that could help airlines. i am gog to see you. thanks for being here and happy memorial day. >> weekend wash out. and the mercury is soaring. paying the price. punishing the doctor that thopped track down bin laden. and band of brothers on this memorial weekend. inspiring story of the boys who wanted to make sure real life heroes that inspired that hit show is not

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