tv Cavuto on Business FOX News January 14, 2012 10:30am-11:00am EST
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>> an oil revolution, oasis petroleum is going to bring out more oil. and up by summer. >> brenda: jonas, what do you think of that. >> a natural gas glut form, do not go there. >> oil, it says oil. >> brenda: neil next. >> from the grand old party to the grand old state. hi, everybody, i'm neil cavuto and fox on top on the over the top bait and switch from republicans, not over the bain can't capital they think, but their views on this, i don't know, capitalism thing and i'm not just talking about the guys making their pitch in south carolina, i'm talk about the lawmakers already in d.c. it's about a party that rails against big spending, but won't cut it. demands steep cuts in entitlements and won't do it, call for bold leadership and won't provide it. so fixed in the moment selling themselves and won't have
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their party sold while they're at it. and charles, my issue with republicans is, you've got to get reading from the same choir book here and you're not and furthermore, you're not even bothering to sing the tune. but of course, some voices are more out of tune than others, i wouldn't even, at this point, and let's just, you know, the elephant in the room no pun intended, but newt gingrich is really a cry baby. >> come on. >> i didn't mean it that way, ben, it slipped out (laughter) . >> neil:. the reality is, the guy who says he's a capitalist, he's not only attacking mitt romney, he's attacking the pillar of the republican party. >> neil: later on they're going to be doing this on the other shows, today. and we'll touch on it ourselves. i think it comes back to a bigger issue and mr. gasperino, i'll raise it with you, that you know, there's abouten some concern that the republicans rpt consistent when it comes to the deficit talk and not following up when it comes to serious cuts, but not following up. when it comes to providing leadership on these issues, but not giving it at all and i
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think that the message to the public is, who is on first? >> right, but you know, they are not in the majority. and i think you've got to cut them a little bit of a break here. >> neil: no, no, no, control the house, they control the house. >> and they will-- >> they control the house and have a chance. >> and nothing is going to happen with them controlling the house and not the senate. >> neil: even the ones in the house, even the ones representing the committee, super committee. no one did it. >> pull ryan put out a-- >> i a lone, that's what you call a mixed message, dagen. >> he put out a great plan. by the way, you've got a president who blocked them. >> neil: and no republicans backed? don't you see what i'm talking about? there's no consistent universal message on the part of republicans to say, this crap stops. >> and the message, too-- >> the only thing consistent they're not democrats and republicans, they're all politicians and worried about appeasing the people who are going to reelect them to office. >> ang do you think that-- >> and boehner as bad as harry
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reid? >> we're talking put your money where your action is, and they don't it from ear marks. dagen's point, all the politicians put their finger in the air and the winds keep changing aen one week, the americans and conservatives, the next week, they're leb rals. the next week, they're confused and they can't follow, follow what they say is their own religion e ben stein? >> what? [laughter] >> good morning. >> as long as politicians can vote to spend the taxpayer's money and there by reelect themselves and get that prestigious cushy life in washington, they're going to. i think mr. payne is right. you don't need a weather man, don't need a weather man to know which way the wind blows, it's blowing all difference ways all different times, but the constant is money. if you can spend other guy's money to get yourself elected they'll do it, money is a cons standpoint, truth is a variable. >> neil: go ahead, adam. >> no, neil, i disagree with
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everyone has said. because you put your finger on something here, neil, which is that the republican party is completely inconsistent on the subject of capitalism. by the way, the democrats are, too. what's really going on here is that the establishment e at least the democrats are-- >> i days agree. >> neil: let me in i want to be clear and maybe i wasn't. that you have a couple of the candidates saying that newt gingrich was right. i think rick perry joined him in that attack and even though unts hadman divorced himself from it and santorum said it was overkill. it's not a consistent message. i know it's an election year, but even among the candidates and beyond, there is a sense that republicans aren't on the same page. continue. >> to my point, philosophically, the establishment democrats and republicans are far closer to each other in their support of capitalism than the left, far left which hates capitalism and the fair right which heats capitalism, too, and that's what you're calling out and
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the tea parties are not capitallists. >> listen. >> they're pop list. >> i don't know if i said that. i don't know how you compare like barney frank with eric cantor, the same people? they are proposing two denver visions of government. the republican-- >> no doubt i'm not getting into a debate. charlie, i'm not getting into a the division of government, i'm getting into the fact that republicans at this stage, are not giving clear code to defense of capitalism. of capitalism. >> to a certain degree, adam was right. and to a certain degree. the establishment republicans have been against the tea party candidates who came in with the mandate of the people and said, listen, let's do this the right way. >> they don't have the mandate of the people? >> the mid term election. >> the republicans did know the like the tea party and-- >> because they're really, they don't like government, they don't like overriding government-- >> they want to cut every single program.
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>> neil: a news flash, the tea party elected 85 congress mane. >> a news flash, they don't control the country. the tea party does not control the country. >> neil: he's right when he says the establishment republicans did not flip over them, leak the bastard stepchildren-- >> and that group, you make it sound like the establishment republicans today are like the rockefeller republicans. they're not. >> neil: yes, they are. they most certainly are. >> hold on, charlie, please. >> the tea party was born out of one thing, and neil might have been the only person on the air at the time who was on that side and that is the government bailouts of the banks. they said that is enough. >> absolutely right. >> that's exactly what gave birth to the tea party. >> and by the way-- >> well, everybody, i don't think, i don't think. >> that was the problem. >> i don't think that's the tea party was the 0 nl one that decried that. >> and let me finish. >> go ahead. >> that was the problem is that in a capitalist society,
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you fail. you do know the have the government come in and rescue you. and so, to say that the tea partiers are anti-capitalists and anti-business is horse hooey. >> neil: let me put that in a different way, please. >> they're not a majority of the republican party. >> neil: go ahead, adam. >> dagen has a good point, but i would say it differently, which is the establishment, republicans and democrats supported tarp and did not want to let the financial stem crash. >> why did the house vote it down the first time. >> and the tea party and charles payne did, that's an honest debate. >> why did the house vote it down the first time. >> and you know it. >> i covered it, establishment republicans voted it down. >> they made a terrible, terrible mistake and pulled themselves together and got it right. >> and they voted down, market went down 600 points, give me a break. >> neil: and months later we were down another 4,000. >> then went back up to
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6,000,or 12,000. >> neil: the statement on paper sounded good when i came up with it. my only point, ben stein, in all seriousness, republicans risk have a vague all over the map message and their message should be, if this is true to their party dna, we embrace capitalism. we like capitalism for all its pain. we don't like a lot of the other stuff that goes on and serious when we say we're going to cut and serious when we say the cuts are going to be substantial and when we are in the majority in the house, we're going to act like it and offer substantial cuts and not the weenie cuts that they proposed and more weenie phied when it gets to the senate. >> i think there's something to it. the republican party have an awful lot of people in it for cultural reasons, pro-life, pro religion, in it because they're pro military. republicans party has a lot of reasons why people join it. >> neil: yes but would you say they're acting like weenies right now. >> they're acting up
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politicians, right now. >> you look up politiciansen in the dictionary and you see weenies. >> they're synonyms. >> why they say a plan for airline americans is proving mitt romney and the free market, well, right on the money. up next from from solyndra-gate and we report and you might want to throw up or at least throw something at your tv. and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up $600 when you open an account.
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>> live from america's news headquarters, i'm patti ann browne. a federal judge ruled against four republican presidential candidates looking to get on virginia's march 6th primary ballot. left off that ballot are texas governor rick perry, former house speaker newt gingrich, former senator rick santorum and former governor john huntsman, the candidates sued claiming the rules were too strict, but the judge says they knew what to do and waited too long to file their
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claim. it may be set in stone, but a quote chiseled in the granite memorial for martin luther king, jr. this after the script was criticized not for reflecting his exact words. the actual quote is much longer and said to be more modest. i'm patti ann browne, now, book to cavuto on which is and for the the latest headlines, log on to our website, on foxnews.com. ♪ >> well, you think a bankrupt can't can't get out big bonuses, you might think again. attorneys for solyndra reportedly seeking a half million dollars in bonuses to keep its remaining employees, there are three now, and the janitor from bolting. i'm exaggerating. there are two of them. the same solyndra in the hole to us, the taxpayers, for 500 million dollars, ben, what do
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you think. >> it's enough to make you throw up. it's stunning and amazing and if those people at solyndra can find other jobs and want to get other jobs i'm sure they can replace them with people who do not need a bonus. it shocks me, the greed and rapaciousness and lack of shame of the people at solyndra is disappointing. >> neil: adam. >> this isn't shocking at all. if we want to talk about how the business world works, when a company goes bankrupt. the people who are the creditors want to retain people to make sure it doesn't go away in every case. ugly, but capitalism. >> the only thing, we did it at citigroup, we did it at aig to retain the rocket scientists to figure out aig-- >> enron, enron did it. >> you name it, a despicable practice that a company bankrupt funded by the government give out boneses. >> there is a difference though. those companies were reorganizing, they were going to be around. solyndra, solyndra, might keep
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them because these are the guys in the hazmat chemical suits that fit. they fit these guys perfectly. so don't leave. >> neil: we're out of 44 long. >> in the liquidation days or-- >> trying to sell. >> it's nothing, the technology, bad technology. >> you have a problem with it, dagen. >> i'm not going to be hypocritical as talked about the first segment. i didn't have a problem with the aig bonuses you've got to pay to keep people. i don't like bailouts. i don't like handouts from the government, but i don't want any more government intervention and you have people there, this has to be, these bonuses have to be approved by the bankruptcy trustee. the bonuses team very big, but if you're trying to make something, i mean, they're basically trying to make a something out of a cow patty. >> neil: and the bonuses up to 50,000, what some of the aig guys are spending on lunch. >> a percentage of the salary. one of these bonuses is about 30%, it's enormous. >> i can't imagine the unwind
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at solyndra is as complicated as aig. >> not even remotely to be compared. not remotely to be compared. and charlie put it-- >> you can't just sell solyndra's assets. >> how can you say that, think about it. >> charlie has nailed it completely it's incredibly complicated. >> you have to sell solar panels for pennies on the dollar. >> don't have to sell them at all. >> and for home depot, lowe's and-- >> and how about selling them at all. i hate to defend the aig guys, but they have to be kind of good at math, if i may. >> that wisdom of math got them into-- >> and go ahead, adam. >> they missed that one negative. >> this is a small company, charlie. charlie, this is a small company that is under congressional investigation. >> that's why they don't need to pay bonuses. >> i think there might be some complex issues that if you would lent the money you might want somebody around watching it for you. >> can you conjure up one complex issue about selling a
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crappy solar panel? >> why he -- yes, i want the lights on long enough so if-- >> the experts. >> i'm being sued. >> they signed up for a certain salary. nobody's proposing taking away their salary, why should they get more than their salary when the company is-- >> to sell what? this is not rocket science. >> take the loan to begin with, would hate more the government bureaucrats coming in and trying to tell this bankrupt can p what to do pursuant. >> this isn't a government bureaucrat, dagen, this is a bankruptcy trustee and he should say look you guys signed up for the salary, here is your salary, that's it. >> and what's the complication about selling solar panels, please, adam, you're an expert at this, they could turn the whole thing over. >> and rev it up as we go. charles, you deon't buy the retained talent. >> aig was lab rinth, and
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nobody knew where the bodies were, you needed a team to work on that. you don't need that for solyndra, that's a joke. >> nobody is bidding for these guys, it's a totally different thing. >> neil: there is that. >> no one wants-- >> by demand. >> nobody wants the stuff. >> yeah, where are the personnel going to go. there's a couple of wendy's, where are they going to go. president obama making a push for american companies to keep jobs right here in the us of a. the foreign companies are pushing new jobs into right to work states in the us of a. should the white house take a hint? ♪ i'm making my money do more. i'm consolidating my assets. i'm not paying hidden fees or high commissions. i'm making the most of my money. and seven-dollar trades are just the start. i'm with scottrade. i'm with scottrade. i'm with scottrade. and i'm loving every minute of it. [ rodger riney ] at scottrade, we give you commission-free etfs,
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no-fee iras and more. come see why more investors are saying... i'm with scottrade. carol. fiber makes me sad. oh common. and how can you talk to me about fiber while you are eating a candy bar? you enjoy that. i am. [ male announcer ] fiber beyond recognition. fiber one. >> coming up. if american companies are sending jobs overseas, why are some big time foreign companies sending jobs here? to america? what some states are doing to get back t
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>> president obama is meeting with business leaders this week. he's urging them to stop sending jobs overseas, but maybe he should be looking at the european companies that are sending jobs here to the us of a. bmw adding 300 new workers at the south carolina plant and daimler 400 to the north carolina plant. what do they have in common? less influenced by unions because they're right to work states. charles payne, what do you make of it. >> it's going on for decades and by the way, the meeting was interesting, no one showed up and vice-president biden had to take seats like the ones they pay people to go in. >> neil: like the day before the big event, you're invited. it's written in crayon and see on the top of it brian williams and they scratched it out. neil cavuto. >> and charlie gasperino, they call me, charlie is busy. >> exactly, i did notice that,
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too, but go ahead. >> but, it's pretty clear, it's obviously clear and you know, these states are going to continue to do well just like the auto industry. >> they're not doing too well. >> they're doing well-- . south carolina has got 10% unemployment and one of the reasons they're going there, they can get cheaper labor. people more-- >> north dakota has what, 2% unemployment. >> this is north carolina. >> and i'm saying that right to work states are doing better than states that-- california-- >> first of all, north dakota is like what, how many people are there like five? >> actually people are flocking there because high unemployment-- i mean, low unemployment. >> i can't wait to go there. >> and you're taking on viewers-- >> let's not offend our viewers in north dakota. >> adam is going to agree with me in 30 seconds. >> but you will argue that did or did not influence their decision to go there. >> part of it, but also, let's face it, it's high unemployment.
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they can get people cheap. you know. >> get people cheap because-- >> inner working class kid. >> there are a lot of reasons that states, that a company locates to a right to work state because they don't have to worry about union rules, get in the way of doing business, work stoppages, the numbers show you in right to work states over the last decade had faster state growth. population growth and income growthments maybe so, it's not as if it's firing on all cylinders. >> in north dakota, they have a lot of minerals, especially oil, but it has to do with low wages. i mean, that's all. and if they can get disciplined hard working labor for low wages they'll do it and move to the southeastern u.s. and get disciplined hard, withing labor for low wages and it's that simple, it's not that complicated. >> the south is a lovely place to live and the food is better than anywhere. >> they have the waffle house. >> there are many factors why they go there and undoubtedly,
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ten, 20 years ago one of them was that the union situation in michigan and ohio was so terrible. now they're going there because they're there. that's why those companies are putting new jobs there. they already have jobs there. >> no one in germany, an authoritarian government criticized the companies going to hire the workers in america, that's interesting. there is that, too. >> there is that difference. >> me being profound. my thanks to charlie and dagen. and my nightmare is becoming reyalt. hostess filing for bankruptcy, and like ben stein with light bulbs, i have been horarding. you know the good folks over at prilosec otc
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charles what is that? >> shenaris. they are exporting liquid gas. i like liquid natural gas and this one looks volatile and one of the riskier maul path ways. >> how are you doing it? >> completely different thought. best buy will be around for a long haul as others are going to fall by the way side. >> you talk about a risky play. creative distruction and bad management and that is a risky play. >> that would be a no from him. ben? >> it is of course, take an index fund. but if you make one, ford motor, they are well run and for the long run i think they'll
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