tv Cashin In FOX News February 16, 2013 4:30pm-5:00pm EST
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this company los money and gets beaten up by the chinese. >> the chinese are kicked out of market. >> neil: details, details. nothing changes inside. look what is happening outside. unions pushing lawmakers to keep on spending. i guess you know why we're not gag handle on this. off the hook out free phones to people that don't need them. so you say disconnected. did he just change gas prices. cashin in, at the pump right now. >> eric: wayne rogers, jonathan honig and sandra smith and also joining us is julie. welcome everybody. so as the national debt
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continues to soar, unions say they don't want to tolerate spending cuts. >> we won't allow cuts to social security or medicare or medicaid. we are going forward. this is like this. we build it and we're going to take it back! >> no more cuts! >> eric: jonathan is big laborer a reason we won't do it? >> the public education and steel industry and bankrupting unions, as well. only 6% in the private work force. i have to tell you the nerve of richard and the union, the unions is to demand jobs. where do they et off with that. we have more government workers now than we a citizens in 1776
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and so many have so much to do. they should be cut. unions need to take a back seat and put this country for once. >> eric: sequestration threatening spending, let's not gog go to sequestration. >> guess what. this is our country. god bless us. they are asking for more money. the debt clock over $16 trillion. this country is in trouble. the money is gone. they are asking for more, but guess what? they have a president that is willing to give them more. he is already proposing a raise for all federal workers on top of the one they are going to get in march. >> eric: is there a spending cut that a union is willing to like? >> i don't think so. you got to give them credit for what they are. they are constituency. they are only interested in themselves.
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everybody who goes there and lawmakers are interested in themselves. whether it's a union or another political group. you can't blame them for that. they are doing what they are supposed to do, representing their union members. they are not representing the country and they are certainly not representing the public. so they are going to make demands that are outrageous and expect them to pay it's. jonathan was right when he said about the increase in federal workers. federal workers have increased over president obama is over 120,000. so the bureaucracy continues to grow and federal government grow and we have big labor and big corporations and they are demanding what they have always demanded. >> eric: julie, we are broke yet we are hiring more and more federal workers? >> couple thing, the growth in federal government has increased at the slowest rated under this president since the korean war. first and foremost, i can laugh
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about it but unions and sequestration, people that are opposed to it and republicans and armed services committee you are going to plunge the country back into recession you already have. you have the military being cut and civilians being laid off from the military. that is why. >> eric: increase slowing down but it is still increasing? >> it is still increasing and unnecessary and still selfish. to drive me insane. unions are asking for more. you know what, i can't get more. the thing with big labor, which interests me, membership is shrinking. they are getting louder because there is not enough representation out there. the only people are listening to the unions is the president. >> eric: hold on, julie. hang on. tracy mention a good point.
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president is listening, why would that be? >> government is the only place unions are thriving because they have a monopoly and they have zero accountability unlike the private sector. unions destroy wealth. they force higher than normal wages and cost the enterprise to go bankrupt. it's no surprise that the have a riots throughout europe are being held by public sector unions. highly unemployed states are most heavily unionized states like michigan, like illinois and california. unions have every right to protest but they don't have the right to use the power of government to protect their jobs which they say are sacrosanct. >> you want to cut from everywhere and as long as you keep, same loopholes that mitt romney talked about closing, republicans don't want it. what happened?
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>> it's fesh now, the election was last november. hold on. the president in the state of the iran address this week talked raising the minimum wage up to $9. unions love that. they love that idea. >> of course. as wayne said, they are in it for themselves. they are not thinking about what is best for our country. they are saying god bless america but they are acting in their best interests. small businesses will struggle and you you will see fewer jobs than we are already seeing. be careful for what you wish for. >> eric: go ahead, wayne. >> i was going to say that is a good point. unions say they represent 6-7% of the total work force and yet they are demanding it. this is our country? no, there is another 95% out there, that you don't belong to your country. you are just interested in
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yourself, you are selfish. i don't blame you for that. it's not right for the country. don't pretend that you represent all of us because you don't. >> you know what is crazy, it comes do you down to votes. big labor gives money and we buy votes. that is what we have been doing the president has done, maybe he should take a step back. he can't be voted back again. stop playing the political game and think about it. we have no money. >> eric: last word. >> i have to ask why you are bashing the unions and not bashing the same wall street interests. why not close the loopholes, what is wrong with that. >> i advocate a flat tax but the private sector is productive. they create jobs. union jobs compared to them.
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they create wealth. a tremendous amount of wealth. they create havoc if for themselves and investors. government unions create nothing. >> eric: we have to leave it there. coming up the government dialing up mixed signals as d.c. sheld shipments out free money for phones. and navy hero that saved us from bin laden is make ends meet. and did these protestors tied to the white house gate tie us all at the pump? this is america.
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>>. i'm arthel nevil. vatican now says voting to elect the next pope could start earlier than thought. requiring a 15-20 day waiting period after the papacy becomes vacant. the rule is in place to allow cardinals to get to rome to vote. the pope will step down at the end of this month. police from iowa releasing dashcam video of the final moments of a deadly crash. the suspect took off after officers tried to pull him over and led them on chase of speeds 140 miles an hour. he ran into an empty cruiser at a roadblock, the driver was pronounced dead at the scene and five-year-old child inside was injured. now back to cashin in. go to foxnews.com for all the latest news. we'll see you a little later.
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♪ ♪ >> eric: talk about mixed signals. we are just learning the government shelled it on over $2 billion last year to provide free phones to potentially millions of people who don't even need them. at the same time the former navy seal who shot bin laden says he is so few benefits from the government he can barely take care of his family and pay his medical bills. is this a fair way to spend our tax dollars. we are so backwards in what we do. we give to people at the end of day and we forget the people that have done amazing things for our country. look, you know this administration is trying to get everybody kind of under the old obama fold here. on our folks and medical care and everything under the sun and we can take care of you. >> eric: nanny state on steroids? >> there is no accountability. fcc went in and looked at all of those that were on the cellphone
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program receiving these free cellphones and 41% could not prove eligibility. this is government wasted dollars and the government is not checking up who has got them. >> program didn't start under president obama but it certainly expanded under president obama. it was $819 million program, last year they spent $2.2 billion. what is going on? >> what do you mean, what is going on? it's just nuts. the fact i don't have a telephone and i can get one from the federal government, i don't have an automobile. i want the federal government to provide me with an automobile. why shouldn't they do that? why shouldn't they provide me with a house? that is what is going on. it's nuts. the government is out of control. unless you get a couple million people in the washington mall protesting it's going to continue. they are going to break the country. there is no way to stop it. >> eric: what is about it.
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should they get a car from the government? >> when did this program start, 1984. it was ronald reagan. if i'm a senior and i broke and lots of seniors are and i need a lifeline to get a call. this is good program. >> eric: please, let's talk about what happened. in 2008, 819 and now it's $2.2 billion. it kind of rings a bell like food stamps now it's over $100 billion. >> look what happened in 2008 we had the economy crash and more people unemployed. >> i thought there was obama recovery. >> 2008 was a good year and everything went to hell, come on. >> julie says you might need a phone, you might have to buy yourself. >> i can afford one to buy it. >> that is good. you should buy it.
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there is nothing like right to phone but the military, public service where they are to serve us to scramble around for medical care is abomination. every one of these programs, food stamps are chalked full of fraud but it's not just giving out giving out free phones. taxing people $30 a year to pay for those phones. i'm sorry, you don't have a right to phone which president started it. if it was started under reagan it was terrible idea back then. >> i don't need a phone. none of us probably needs a phone, but if i'm a senior i would like my grandma to have access to a phone. >> i would want my mother to have one too, but that is not what it is now. when 41% of the people and if i may, half of them are walking
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the streets on drugs are using the phones that are supposed to be going to my mom. >> eric: wayne, shouldn't we make sure that people that need phones get a phone? >> why? if my kid wants to go to harvard is he entitled to that? i need a car. i need a mercedes-benz. somebody is going to pay for a phone and pay for this -- i don't care. before 1984 there were a lot of people who didn't have phones who couldn't make calls. they would have made out fine. all of a sudden you want to give somebody something because you think they are entitled to it. >> eric: we have to leave it there. gas prices are high now? these guys just getting started.
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gallon, drivers would rather deep six the protests. what do you think? >> daryl hannah, by the way, raising a stink might be a stretch because 48 people joined her in this whatever protest i guess you can call it. here is the thing. they may must not know what the keystone pipeline is. right now we are a dependent on the middle east for a certain portion of the oil that we do consume in this country. eric, if we don't use it it will go someplace else. the smart thing would be to get this done. >> eric: question whether president obama saw supply and demand curve. more supply, pricing down, right? >> pricing down and people's lives improve. daryl hannah has been arrested six times in the last couple years for violating other people's rights.
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the pipeline violates no one rights. it helps us, fossil fuels power our modern rule. they help us in every regard and those that oppose them and protest them and get governments to move against them, they love nature and hate human beings and they do a disservice to all of us. >> eric: we'll go to julie, you agree with the pipeline? >> i don't know if he is against the pipeline. i actually think its good thing to create jobs. i don't necessarily think it's going to affect demand, as soon as this comes through, opec turns on the spigot and we'll have the same problems all over again. oil is a worldwide commodity. i'm not sure how it will affect prices but it will create jobs. >> eric: here is one that actually bring 700,000 canadian oil right into america and it won't have to come from middle east. >> that is the thing, prices
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will come down. 20,000 jobs will be created and reliance on foreign oil will come down. that is most important. wayne has been talking about it. national security is at risk when we rely on these countries that hated us. not to mention a slap in the face to canada and who wins? china. >> eric: wayne, special gift to you. the exel pipeline is not green and cause problems with the environment and worried about global warming. take a look of april 1975, time cover that says how to survive the coming ice age. there a story there. the science on global warming has been de-bunked time and time again? >> i'm not smart enough. i'm happy i am on the cover of time. i have no idea whether -- and i don't think anybody can scientifically say one way or the other.
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i think the point is, this oil is going somewhere else. for the environment it's going to hurt the world environment because the chinese are going to do it as much as anybody else. >> eric: i'm going to leave it there. and i'm going to say thank you to the panel for joining us this week. coming up, notice a run-up in your 401-k? lawmakers are looking to get their greedy hands on it. how to protect yourself from those greedy little hands. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. 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.
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>> time for what do i need to know for the next week. tracy? >> thisac financial transaction tax gaining a lot of ground. you're picking it up. might come here. be very careful if it goes through. >> wayne, what too i need to know? >> talking about oil and gas. clmt, it's trading at a yield, in excess of 7% and a lowul
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multiple of 11 and i own it. >> how about you jonathan? >> i'm bearish on bonds and gold, but bullish on the financeeers, like penn and park financial, pnnnt. they invest in the debt andf equity of a lot of mid-sized companies. this is one that could too well, even as commodities go down and interest i rates go up. >> interesting. we've really kind of shored upav the banking system.ys that's an interesting play. keep your eye on that one. that's it t for the cost of freedom block this week. thank you for joining us. remember, you can weigh in on all the topics we discussed onit twitter. be sure to sound off. remember, while you work hard, pay your taxes, put food on the table, lawmakers in washington are cash noting in and that haso stop of thes have a great weekend, everybody.
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