out of you guys, i guess. you won't hear any cussing on cavuto on business. but a lot of great debate. neil, take it away. ♪ ♪ you know you're wishing that we go away ♪ ♪ it's here to stay >> indeed that time. report a hit, take a hit. woe to the corporate ceo's who say that health care reform costs apparently just announcing it, costing more. henry waxman already a view of the bosses for a chat in washington. the democratic congressional and testified how they came up with numbers that seemed so diametrically oppose today his own with of course the company and details, documentation and e-mails, any and all exchanges among company officials since

the beginning of time and if possible a list of the first ten second board. that item isn't in there, but pretty much everything was. is it a hearing or as mel brooks would say, an inquisition. i'm neil cavuto and this holy weekend let's get to the holy hell for corporations who dare question washington math. with me now, charles payne, ding mcdowell, lee gallagher and ben stein and author of another book, this must be an off week. the little book of bullet prove investing, ben's 857th book. what do you make of this. >> it's a scandal or a shonda as jews would say. the law is clear, the corporation incurs a cost or something comes along that causes the corporation a larger cost, the corpse must report it as a charge or-- they're not getting a subsidy

for drug costs and we don't need to go into details. the law is clear, you must take a charge. the government is trying to mccarthyite them to bully them into not taking the charge and to bear false witness. the law is very clear, the law of mankind thou shall not bear false witness. the government is trying to make them bear false witness. >> what is interesting without getting into details and astutely avoiding it. the way it was done. the first few came out against it we have the charge, a charge by the way many of them had telegraphed last july, as a matter of fact. there was hell to pay. oh, really? why don't you come on and chat about it. what do you make of that intimidation. >> without a doubt it's intimidation and does two things. first of all, you bully the businesses, but you try to paint them in a negative light. already to me the biggest culprit we're going to find out as the hearings go on is notion of profits. friday when president obama was talking about the health care bill he said some companies are generous enough to pay for it so i agree with everything that's

been said, this is absolutely amazing and it's complete bullying and i think right now the democrats believe this is a great, the best part of their play book, let's go with it we've bullied everything else and bullied it into law in the first place and let's get it to pass. >> and i was with a bunch of ceo's the other night because i hang out with a powerful crowd because of who i am. >> exactly. >> i asked one, why don't we have more coming out. >> you saw what waxman did. >> in other words, you know why cavuto. >> exactly, where are they in washington? where are the democrats go to stop with this, there are about 3500 businesses that offer retiree drug benefits that could take a hit because of this new law. but that really raises the question, where does this all end? what is the real end game here, it's not just this small select group of companies, it is they don't want to hear anything that goes against this new health care law. what extent will they go to to stop basically estimates about

premiums going up? estimates about taxes going up? they're really trying to silence any and all critics and it will get worse. >> i would like to see in all seriously, i'll get to you in a second here, you're going to ask us how to come up with our numbers and we ask how you come up with yours. that's not going to happen, is it? all right, lee gallagher what do you make of mess? >> it's going to complicate it, this tax or what they're proposing is actually it's not that much. this is a moderate loophole and actually what the companies were able to do is sort of double dipping, they weren't able to deduct both the cost and subsidy that the given had given them in order to promote the coverage so it's not that much. they're using scare tactics just as much as congress. >> lee, a billion bucks for at&t. almost a billion for verizon and you're quite right. >> it is. >> and right to address it the way you did, but they did telegraph last summer that if you do take it away, we will have to, by your own sarbanes oxley rules, announce that and

take a charge for that, we will have to do that. >> that's true. >> and they just did it. >> they did. >> so there's no macavelian approach to that. >> that's true, it's accrual accounting and why they have to do it now. by the same token i do think-- . not only accrual accounting, but cruel accounting. go ahead. >> there you go. i think that there's no need to politicize this and i think that congress is getting hysterical drawing out the hearings and all that. the companies are not doing this for a political reason they're doing it for a plain old big business reason, we want to keep our money and that shouldn't be surprising to the lawmakers. i think a little bit of hysteria on both sides. >> ben. i don't understand with all due respect to my colleague and friend lee, where hysteria is coming on the business side. they've not made a hysterical case, they're saying in numbers we are required by basic accounting rules to now take a charge. we're not yelling at mr. obama. we're not calling him names, we're not spitting on him we're just saying by the law we have

to now make a calculation and take a charge. they're not politicizing it, it's entirely my representative from beverly hills, mr. waxman, who is politicizing it and it's disgrateful, it's something they use today call mccarthyism only it's worse. >> the chairman of ford passing announcing any pre-announcement on this, any perceived hit from losing the subsidy. and i'm wondering, not that ford accepted a bailout, it didn't, but whether the better part of valor for a lot of these guys is just to shut up. >> bury it. but isn't that shocking though that-- >> they're not allowed to, dagen they're not allowed to. >> isn't it give me a second, isn't it shocking that the democrats are saying to public companies, don't tell the share

holds what they need to do as investors you shut up. but you're right, ben, they have to announce this and have to reveal this, this hit. >> guys, this is all part of the program to make profits the villain. this is what this boils down to. profits are bad, profits should be mitigated for the greater good. corporations should be considered part of the greater society and therefore should bite the bullet and everyone is living the life and this is part of the whole step we saw in the fall. >> it's more insidious than that. it's to silence any and all critics very much like mccarthyism as then points out. >> i'll both you both down as a no on health care. the good news, the economy marks the bad news, a lot aren't the jobs you'd expect to be bragging about. re rewriting what it means to retire. at merrill lynch, we have over 15,000 financial advisors

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>> from from america's news headquarters, hi, i'm jamie colby. iranian president mahmoud ahmadnejad is challenging u.s. again, saying in a speech in iran today that new international sanctions over the country's nuclear program will only help iran, he says, rather than hurt it. ahmadnejad also saying u.s. pressure on iran has back fired, and left washington more isolated. six world powers including the u.s. are working on a package of tougher sanctions iran will face in the coming weeks over its refusal to halt its nuclear program. back in the u.s. rhode island is just beginning to emerge from the worst floods

there in at least 200 years. the national weather service is saying the main river causing the flooding is expected to drop to minor flood stage by this evening, but forecasters say it may not be drop below its banks until at least tomorrow. i'm jamie colby, we'll send you back to cavuto on business only on the fox news channel. >> neil: all right. 162,000 more jobs last month. that is great. here is what it's not, nearly a third of them were government jobs and most of those temporary census jobs. charles payne seeing a trend, and government jobs, you're sitting down, you could watch it standing up, but better to sit down. 3 million, that's not good. >> that's not good. how much money have we thrown at this thing. i mean, literally between all the programs, the stimulus, you know, let's just call it a trillion plus, and to see this many jobs lost and government bursting at the seams and i know, listen, i know people say,

well, the first thing everyone throws up in defense, police, firemen, teachers that kind of stuff. here is the real reality of it. these jobs are costing a smaller pool of taxpayers more money at a time when they can't even afford it and the interesting thing is these taxpayers make less money than the counterparts in the government. it's unsustainable and it's going to come to a head at some point. >> neil: lee gallagher, does this stuff worry you, this trend. >> i have to say it doesn't because the numbers that came out this week, i don't know if we're looking at the same number. private sector employment surprised to the upside and hit levels it hasn't hit since 2007 and the number by the census was lower than everybody thought and by the way, the census has nothing to do with the stimulus, happens every ten years like clock work. >> we're talking about how much money has been thrown at-- >> i'm talking about the numbers with the trends this week, private sector employment is coming back. >> but, lee, lee, to be fair and instead of being in a position to start arguing about the

numbers that are up than down, you're right about that, but a lot of the private sector growth jobs are in the hospitality industry, the leisure industry, retail industry not high paying jobs, a lot in the fast food industry i'm perfectly happy with because my drive through orders have been getting screwed up. i'm just saying it's not as impressive as it first would appear. you're right up is better than down, but this up as a lot of asterisks next to it. >> we want private sector to come back more than it is, absolutely. in the meantime, when you need an uptick, don't forget about the psychological impact of any uptick which we didn't see and government jobs-- >> fair enough, fair enough. but then i guess to the bigger point that charles is raising here, the trend certainly stimulus is that the hottest sector of growth through this whole experience has been government and when you tell folks that the hot new jobs are in government, i don't know if that's a great thing to brag about. >> well, it's just good that

there are jobs. i mean, it's just good there are jobs, bad that we have the huge deficit. it's good that private sector employment is coming back as fast as it is, it should be coming back a lot faster. i have no problem with the facts that the jobs are in the hospitality industry. that's a perfectly good industry, it's just smashed by reckless obama policies telling people not to go on business trips and now luckily people are realizing they're allowed to go on business trips if mr. obama and ms. pelosi are allowed to go on business trips. i'd like to see us down to 5% unemployment in bush years and people steam to forget in the bush years we had good employment. >> neil:'s right about all of the above. i guess i'd like to see it more widely spread. i'm happy we're seeing more hospitality workers and for example, more drive through help here, but i'd like to see it-- the riches spread. >> you won't because you're going to see government jobs, government jobs, government jobs because these numbers illustrate

what's going to happen in not just the months, but years to come. >> neil: but the census thing doesn't last too long. >> no, it doesn't, but you're having-- we have bigger government, new fuel economy standards this week, intrusion. new health care law, that's going to be years of government job creation. but the government sucking vital resources away from the private sector. so, i'd be careful-- >> i wonder why the industry is not hiring, your industry, charles, it's not willy nilly hiring that's the bigger part of our neck of the woods in manhattan and a lot of money driving centers. i don't know. >> i know, you made the point earlier. if you look at the report and i don't want to get too wonky with the whole thing, but the best improvement were high school drop-outs and their unemployment rate improved 7%. college improved 0.2%. and we are making strides if you want to call it that. when you consider all the money thrown at this thing it seems

like it's totally inefficient. >> extremely inefficient. >> neil: and pointed out it's nice to be arguing offer the types of jobs that are gaining, right? >> it is nice to be able to do that, but i don't want to set up a false facade. we're talking about the expectations. >> they can't get it right. they've hired less than half the number of census workers a than they said they'd hire in the first three months of the year. they can't get on the stick with that. >> neil: you're like my mother-in-law, you're complaining about good news. i sure hope she's not watching. just a joke, it's just a little joke. all right, by the way, speaking of something that's really building up here, we've got the taxpayer protests, and tax team in atlanta georgia, and a lot of good restaurants, why not. we're live at 4 p.m. and back on fox business network at 6. you can dvr fox and watch me live for the latter. but up next, why i want nancy pelosi to look at the ipad and say, i quit-- that's always her calls.

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>> coming up, nancy pelosi, the apple ipad and toyota. one of these should be looking at the other two. do you know, well, you will.

>> okay. so think fast, ipad and toyota. one of the hot product from a good company that needs, and the other is a not so hot company, darned good sales at a time everyone thinks it needs lots of help. this stuff does not happen in a bad economy, maybe because this isn't such a bad economy and hardly in need of nancy pelosi or congress pouring good money after bad to goose it.

dagen, what do you think. >> right on. you know-- >> with a southern accent can you say that again. >> right on. >> ben did it well. >> neil: he could not. >> right on, right on. >> see? >> right on. >> neil: all right. all right. >> right on. >> right on. >> this is, it's not going to get in the way of the democrats spng money and you're already-- ben isn't getting in the way. >> they have the trogan horse in there, the stimulus panel has gone from 787 billion already to 862 billion and going to go to at least a trillion dollars. they're extending existing programs, they're adding new ones ap raising government spending and it will continue until somebody says no and i bet you that's bond buyers. >> to me it seems like charles, global warming. global warming, hot out global

warming and cold out. and we need more spending because the proof is in the pudding and it works or we don't see anything working so you can have it both ways. >> people are underestimating our economy. this is a 14 trillion dollar economy we were talking about and people talk about it like the government say it does. we might have had more pain, but here is the real deal. i think we need more spending, because two-thirds of the economy is spending, this is not consumer spending. if you really want to goose the economy, let people keep more of the money they make. give them a break. cut their taxes and cut taxes for businesses, innocecentivize hiring the right way and you'll see sustained growth. the things we've been talking about right here. ipad was a hot product and toyota was the hottest car in the world and given the incentives you get the results. >> neil: and i think it says a lot about our economy, you risk buying a car, it could potentially at anytime drive you over the cliff, but if you can get a good deal on it. that's unfair because toyota's

coming out, toyota's coming out. but lee, to this issue that maybe go slow and watch it, because whether you did it or it's cycling out asp ben has pointed out in prior shows, leave it alone. >> we're seeing a recovery. look at the stock market alone. that right there, there is enthusiasm, there is confident returning to the market and to the consumer. no matter what the numbers which seem to go hot and cold every month. i think by singling out steve jobs and apple that's such an extreme and there is no better example of capitalism. build a better mouse trap. it's one person, one product ap it's transform tiff and it's going to be bring people out of the woodwork. i think for every apple there's also a circuit city or a mervyn's or a christian lacroix that went out of business and the consumer brands that are just, you know, falling victim to the recession. i don't think that's going to keep happening because i think we're coming out of it.

so, i think that, i don't think it's as big a concern and i think the government knows that. >> so the government shouldn't spend more money? >> i don't think they need to spend as much as they've been spending, but look, they're pulling back a lot of help they've been giving the credit market and some of that's starting to happen. >> all right. that, well, it looks as if we're having the business cycle. >> we're always had business cycles as long as there's been business and we're having a business cycle and as neil says we're cycling out of it. no point spending further money we'll need to spend down the road. we've spent way too much money. the only stimulus plan that worked was tarp. worked well, astonishingly well. and the rest is just money, and get your butt off the oxygen tube. >> i have a theory, i think they're trying to spend as much money as they possibly can and create a situation where they have to put-- which will be a tax on the ipads and a tax on cars and value added tax the only way they'll pay for what they're spending today. >> neil: well, then--

>> they won't be able to do it that way, i'm afraid dagen. the debt is so enormous no way to get out instead of massive inflation, there is no other way out testify. >> neil: you're arguing it would be on top of what we have. not instead of what we have. >> no, on top of. >> we've already reached the breaking point. >> the cash cow. >> we've already reached the breaking point. >> neil: indeed we have. dagen, thank you for seeing you. >> you're the best man. >> neil: you're the best. oh, don imus is your guy. and they say they'll save taxpayers billions. wait until you hear the price tag for these takeover tax bills. butler playing the role of cinderella at the final four and then our gang has the stocks that won't turn into a pumpkin. ♪ [ male announcer ] we call it the american renewal.

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underdog butler university in the final four. skateboard culture. i think that this stock is going to. >> lee, what do you make of the pick. in. >> high flying. it is up 130% or so. and it is in this very touchy consumer cyclical area. >> my kid is 13 years old and him and his buddies insist on getting the new skateboards. >> i like its fashions. i tonight know if i would buy its stock right now.

we like broadridge financial solutions. near lock on the distribution of financial material from annual reports and proxies and all that stuff. leon kumerman raves about it. trades at 12 times earnings. a little known story. a lot of cash flow. something new. >> neil: ben? >> probably the word it out about whatever move it is going to make it has made. i don't think we are sharing confidences about it. >> neil: what do you have, ben? >> i never think i with pick stocks any more. i like ewj. japan is set to have a new round of monetary ease. should move the stock market a little bit but maybe it won't. japan is a great economy. >> neil: out with another book now. ben, next time come out and you