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tv   Cashin In  FOX News  June 29, 2013 8:30am-9:01am PDT

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john stewart. >> you like it. >> no. cash flow is down and debt is going up. >> that's it for forbes on fox. keep it right here with eric boling and cashin' in. >> uncle sam calling on major log football and nba to tout obama care. without them, medical costs will sore. still more prove we need to let the clock run out on obama care before we take it. >> what you see is what you get. i am not an actress. >> paula don't endorsement deal gets fried but not everyone is dropping her like a hot potato. and her bock sales are sizzling. could it help her rise again? cashin' in starts cooking right
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now. hi, everybody. i am eric boling and welcome to cashin' in. wayne, and john and juan joining and keisha. welcome, everybody. the government confirming it is using nfl and other sports to promote health care and the playbook is to get healthy young americans and it will save the cost of sicker people. but the price may not be right for the young people. johnathon, young people said i don't want to do this. i rather pay the fine for not having health care than support the sick people and using health care. >> they are going to advertise for that eric. when a private company advertises a voluntary good it is promotion. but government does it that violates rights that is propaganda and obama's goal is
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socialized medicine and pushing everyone, young people to be on the government plan. they are pulling out all of the stops. one percent of your income or the ads. a pole to authority. i don't like obama care and lebron thinks it is col, i should reconsider. weak. >> wayne, celebrities like yourself to tout obama care. if it needs that much promotion couldn't be good. >> it is impossible. the idea of coercing people to subsiddize unhealthy people is outrageous. you are penalizing someone with a healthy life. and they subsiddize someone with an unhealthy life is nuts. the supreme court that barely passed the thing. and they had to identify it as a tax. and that is what it is. it is a tax on the people and in
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addition to pay all of this money in advertising, where does it come off that taxpayer money and your money and my money has to go to advertise a government program. this is not private industry. they are not doing it for a profit. they want to sell something that is a proactive and irerational and illegal really method of the government coercing people to follow. >> wayne, very good, wayne. juan, we are burying the league. stay out of the my football sunday and last thing i want is an adfor obama care in half-time of a giant's game. >> i don't know why it bothers you. you have commercials for everything else coming out of the football game. this is for the good of the people and help all americans especially with the health care costs are so punitive and driving so many people, especially those who suffer from
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catastrophic medical evens. if you are concerned about the nation's finance and budget deficit and making sure middle-class people can stay on the path of profit and make money in this country, you want to deal with a health care crisis. big business and fortune 500 complain about it. >> let me get keiowa sha in here. young people say it is cheap tore pay the fine and i will stay off obama care. if that happens, the system collapses. >> right, the older people and people with more health issues will bear the costs and the fact that the government does have to put so much money in endorsing and encouraging young people to sign up for the obama care is a sign that it is flawed and there needs to be some type of a revision. >> johnathon, we'll put the poll up. 65 percent say that yes, obama care will increase my medical
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costs going forward. that is not good. >> and those are the same people who want claims and all of the benefits of obama care. the fact that they are advertising eric is a red herring and implies that there is a choice. you advertise for goods and services and accepting or not accepting. there is no choice and either accept it or pay a fine. and you are forced either way. and we talk about obama care will lower cost and improve services. when is central planning and government force done. that the result is lower health care for everyone. >> keisha, say young people don't go on the system and opt to pay the fine. how in the world, how in the world is obama care going to work. they will have to say listen in order to finance all of the people who are getting sick and out of work we will have to tax you more.
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>> you have to persuade young people. they think they are immortal and they don't think they will get squished in a motorcycle accident. >> why should they finance older people? >> hold on eric. >> what do you moan, they are not financing anything. >> sure they are. juan, young people. >> eric hold on, hold on. what they are asking us to do eric is indemnify them so when they get hurt and they go to the emergency rom you and i as taxpayers pick it up. network not a fair thing to say, juan. young people put more money in and less out. >> they don't have insurance they are not putting anything in the system. >> fine, go a head, wayne? >> what i was saying before. you are asking healthy people and coercing healthy people to subsiddize unhealthy people. >> no, you are not.
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>> you are not coercing anybody, wayne. wayne, >> excuse me. that is not the job of the federal government. it is an outrageous thing i am forceed to do something that i didn't sign up for. >> hold on. >> let me just say to wayne. no one is coercing anybody to do anything. be a responsible american citizen and don't expect me to pay for you. >> juan that is bla at that point's untrue. >> you have to educate the young people to look at the bigger picture. you are right. they don't think i will not be healthy forever. they think they are immortal. and what we need to do is educate the young people instead of shoving it down their truths. >> not only young people. but california is spending upwards of then million in grants so that teams can teach people about obama care. it is crazy talk and nonsense.
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coming up, foured but not fried. businesses showing paula deen the door over the controversial comments and her cookbooks sales are sizzling. proof she is not cooked after all. >> if there is anyone out there, that has never said something that they wished they could take back fyou are out there, please pick up that stone and throw it so hard at my head that it kills me. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
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>> hello, everybody. i am uma in washington. record breaking heat in nevada and california and folks are bracing for another day of triple digit temperatures. we'll have a live report at the top of the hour. and barak obama spending time in the first trip to africa meeting
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members of nelson mandela's family who is in the hospital in critical condition. they are talking about the impact of madella on the world. waiving first amendment rights and many republicans want her to testify again. former alaska governor sarah palin has tough words with the irs and republicans who are keying in on immigration. join us on the latest and top stories coming up in 20 minutes or so. stay with us. i beg you, and my children, and my team, and my fans and partners, i beg for your forgiveness. >> businesses is not forgiving paula deen, but the fans are and a slew of big- name companies sever ties and sales of cook bock propelled to number one and customers crowd nothing the
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restaurant in atlanta. >> keisha, publicity. there is no bad publicity. is this a case of that. >> i agree. i do think that. and although we all know that paula messed up. but her book sales soarred and people are buying books and her fans are going to be a fan and i am a true believer depending on how impor you are to the public and popular and bad publicity. it may bring bad attention to you and eventually the smoke will clear and you will have the fans. >> wayne, i am a christian and forgiving man and i forgive paula deen for making a racist remark but i am okay with companies severing ties, am i wrong? >> it is not that simple, eric. i think there is something in the psyche that we as a public love redemption. the idea of somebody fallen and redeemed is something that is in
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our psyche. a guy goes along and never makes a mistake, you don't think anything about it. but you think about the people who have fallen. comes to mind. bill clinton and anthony weiner and ray louis, the football player and kobe bryant. they have had a setback or failure and when they come back, wow. it is not just a question of the celebrity, it is a question in us. there is somebody about us that wants to love a redomed person and the guy who has sinned and redeemed. >> juan where do you stand on this one. >> elvis presley and michael jackson record sales soarred after they died. if you get something that is controversial including death is good for you. all of the sudden they are paying attention. it is short- term economic thinking. yes, you will get a bump in the short run in terms of bock sales
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but the long- term benefit of associated with target and caesar. she is paying a price. advertisers understand what she did was so offensive and so damaging to their brands it is not in their interest to stand by her. she might get a short- term bump but will not last. >> a lot of those. bad publicity is bad. and to paraphrase warren buffet it takes 20 years to build a reputation and five minutes to destroy it. and a lot of people can cook good grits and pecan pie but not a long- lasting reputation that paula deen a 20 million a year operation. wayne to your point. eddy murphy and bill clinton came back with success. and paula could do it to be honest her crimes were not a physical force. we forgive tim allen for selling cocaine but not ike turner what he did with tina.
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>> will the businesses say. paula deen solid a lot of our products in walmart and target sxet home depo. will they reconsider. anybody think they will reconsider. >> once the smoke clears again, companies will say you know, the public forgot about it and she's doing well and let's go back. and they are right now thinking about their images, not so much what she did was wrong and shame on you, paul a. we have to make sure our businesses look good. >> juan, does paula don't. juan, does she deserve a second chance if she has true contrition? >> oh, yeah, i am a christian and i believe in forgiveness big time. in my life i ask for forgiveness. i would say yes. we are talking business here and we are talking about doing something that was really in this era of diversity in
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america. we don't want affirmative action. this is to say we are not going back ward when she is talking about plantation ethices in restaurant. we like the black guys dressed up as serve ans. >> go a head, wayne, last thought. >> we have a great example. martha stewart. she went to jail for goodness sake and comes back strong. we forgive and it doesn't hurt economically over the long run. we love redemption better than somebody straight all of their lives. >> coming up, irs policing everything you do. now we are learning that agents were buying porn, wine and popcorn makers and more with your money and the contractors doing this? . >> you broke the trust of this great nation and iraq and
quote
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afghanistan veterans are waiting an average of 237 days for an initial disability rating and people like you gaming the system are adding to that back long so young men and women suffering for post traumic stress can't get the help and compensation they need. as your life changes, fidelity is there r your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. at od, whatever business you're in, that's the business we're in.
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50 shades of disgraced. irs going from disgraceed to naughty with the taxpayer money. they paid for wine, porn and
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popcorn machines in all in a two year period. and johnathon the hits are coming. >> how long do you think that of the last at j. p. morgan. >> forever? >> it wouldn't last in the private sector, but when government wastes money it impacts us all and they have incentive to waste money because if they don't spend it this year they will not get it the next. the irs has 100,000 employees and the budget is bigger than johnson and johnson's profits. if we had a flat tax we could run the organization with a 10th of a staff and cut the waste for the taxpayer who is paying for it all. >> wayne, wine, and dinners and pornography and romance novels and doit pills, all of what they put on our company credit card. >> i think they should pend it all. i am all for this.
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you know, the fact of the matter is, eric, to issue a credit card to a government employee in the first place, that is the outrageous part. why should he have a credit card. what does he need a credit card for? there is a budget and on the government payroll. we are paying him and the taxpayers and he works for us. why would we issue him a credit card in the first place. that is outrageous. he can spend it on hookers if he wants to, but issuing the credit card in the first place is the problem. >> quiet honestly wayne and johnathon are saying the same thing. >> no, we are not. >> it is crazy what they are spending money on. >> why employees are issued credit cards. we were responsible for making our own travel arrangements and away from work business. you purchase your meals and hotels thas to be work related. how stupid of those people to
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buy wine and pornography and popcorn machine when they know the statements are begin to the super visor. >> with a fox credit card you are not buying wine and pornography are you? >> no, why would wayne say that. all corporations give their employees credit cards for travel as keisha said. >> we, we, that is a private business and run for profit not the federal government. >> hey wayne, they are doing business for the american people. >> oh no they are not. they are spending my money. they are not making a profit. >> when johnathon started out. i thought he was making fun of the wall street guys. are you kidding? they don't only love pornography and popcorn but in drugs, too. >> and any of them -- >> it is a slur. >> i am telling you my inpregzs.
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if i slufred -- slurred anybody i am 0. you have excess and wrongdoing, no question about that. but do you think it is different than you would find in any other sector? >> i know you all want to jump down juan's throat. it is all taxpayer money. those people in kansas are kissing their wife good bye and these boedzos are buying porn with our money. >> you can't tell me they are different than the rest of america. >> i know it is what we mix wine and porn and juan williams and irs in one she. thank you to juan and keisha for joining us this week. >> coming up. johnathon on fire with this stock and fine out what it is
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and the name that will do better in the second half.
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>> all right time for what i need to know next week. wayne? >> well, in this kind of market you can get bush whacked. you need something steady and proveen and i like telephone at&t. >> johnathon buy this pick gold prices are going down and boy, is it a winner what is next? >> eric biggest advantage in the market is trading with a trend. positions our cloints for highest interest rate. treasury have had the fastest rise and mortgage rates fastest rates. it goes up. >> very good. >> that's it for cashin' in. what a woke it has been. boston terrorism and gay language and illegal becomes legals and president obama is
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off spenting 100 million of our tax dollars touring africa just another selfish politician cash in on our hard work. have a great weekend everybody. >> congressional leaders say irs employee lois lerner waived her fifth amendment rights and her attorney said she will not go down without a right. will she have to testify anyway? governor sarah pa lin weighs in. and we'll look at nelson mandela. we'll look at his fight to end racial discrimination and how his life parallels dr. martin luther king. and the nfl decides to punt on propoeting obama care. administration looking for high profile pitches. and the pros are not buyi

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