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the bulls and bears, gary b. smith, tracy burns, john lafield along with sasha burns. three weeks away from the health care laws kicking in. what are the premiums going to mean to jobs? >> i think it's going to hurt the jobs. a lot of people said this number was good. 169,000 jobs added. unemployment rate went from 7.4% to 7.3% but 312,000 jobs were lost during this time. july numbers were revised down. this is the lowest labor force participation rate since august 1978, in the middle of jimmy carter's terms, which were not exactly good times. the biggest problem you have right now in this job market, most of jobs lost are between 16 and 24-year-olds. these kids are not going to be hired because you're seeing -- everybody quotes new york. new york has a unique situation with their insurance premiums, they look like they'll go down. wisconsin up 120%, california up 150%. these are going to hurt and coanies won't hire people because of obama care kicking in. >> you say there may not be a net effect. >> right. we already have the burden of an employer having to pay your i
the bulls and bears, gary b. smith, tracy burns, john lafield along with sasha burns. three weeks away from the health care laws kicking in. what are the premiums going to mean to jobs? >> i think it's going to hurt the jobs. a lot of people said this number was good. 169,000 jobs added. unemployment rate went from 7.4% to 7.3% but 312,000 jobs were lost during this time. july numbers were revised down. this is the lowest labor force participation rate since august 1978, in the middle of...
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gary b. smith, tracy byrnes, jonas farris, john layfield, and bernard witman. welcome to everybody. john, the impact on jobs. >> yes. absolutely. i don't know where the administrati administration's head is. no offense to the administration, but people who are proponents of this are ignoring the facts, from investors business daily, there the express employment ceo bob funk who says, our business is booming right now because people are hiring temporary workers to fill full-time slots to get around obama care. the administration has come out and said that health care costs are already coming down. the fact is, i2009, you started to see this trend before obama care ever kicked in. and the kaiser institute just came out and said 77% of lowering health care costs -- of not expanding, not lowering, but not expanding, came to due to an economic slowdown. there is a huge cost to this. this is not free. and it's not just borne by the individual. this is projected to cost the government $1.4 trillion. we're going to borrow it from china. and as gary b. points out so well, very few government
gary b. smith, tracy byrnes, jonas farris, john layfield, and bernard witman. welcome to everybody. john, the impact on jobs. >> yes. absolutely. i don't know where the administrati administration's head is. no offense to the administration, but people who are proponents of this are ignoring the facts, from investors business daily, there the express employment ceo bob funk who says, our business is booming right now because people are hiring temporary workers to fill full-time slots to...
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the bulls and bears, gary b. smith, tracy burns, john lafield along with sasha burns. weeks away from the health care laws
the bulls and bears, gary b. smith, tracy burns, john lafield along with sasha burns. weeks away from the health care laws
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gary b. smith, tracy byrnes,
gary b. smith, tracy byrnes,
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Sep 7, 2013
09/13
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the bulls and bears, gary b. smith, tracy burns, john lafield along with sasha burns.
the bulls and bears, gary b. smith, tracy burns, john lafield along with sasha burns.
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gary smith, tracy vern, john layfield along with gary and rk. welcome to everybody. so energy prices heating up with the tension over syria. john layfield, how b will it get at the p much? >> look, i think there's a potential this could get near $4 a gallon of gasoline and the reason is becse the last 25 years, all the conflicts we've had, gulf war one, bosnia, the rumors have been worse than the news. sell the rumors by the news. equity markets down, oil prices up until an event happens. the uncertainty that is coming out of the united states, we didn't act on benghazi and looks like we're forcing an action on syria. that uncertainty is going to keep gasoline prices, which by the way oil prices have spiked higher than gasoline, gasoline is going to tick up higher the next few weeks, that uncertainty is going to keep gas prices high when it should be swooning after labor day. >> is it really the uncertainty or would it take a big event with many players involved? >> if this blows up more, if iran gets involved, israel, all that stuff, then yes, and every ten cents is billions of dollars out of the economy. we just hit five cents. so no doubt,
gary smith, tracy vern, john layfield along with gary and rk. welcome to everybody. so energy prices heating up with the tension over syria. john layfield, how b will it get at the p much? >> look, i think there's a potential this could get near $4 a gallon of gasoline and the reason is becse the last 25 years, all the conflicts we've had, gulf war one, bosnia, the rumors have been worse than the news. sell the rumors by the news. equity markets down, oil prices up until an event happens....
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gary smith, tracy vern, john layfield along with gary and rk. welcome to everybody. so energy prices heating up with the tension over syria. john layfield, how b? >> look, i think there's a potential this could get near $4
gary smith, tracy vern, john layfield along with gary and rk. welcome to everybody. so energy prices heating up with the tension over syria. john layfield, how b? >> look, i think there's a potential this could get near $4