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$1.1T SPENDING BILL INCLUDES NEARLY $1B TO HELP ILLEGALS ENTERING U.S.
Gary B Smith: First of all this is a program that 20% of Americans favor. Why Obama is doing this, I don't know. Well, I do know. He's trying to get more and more voters into the Democratic Party. There's other tidbits in there. We are providing, you and I, Brenda, American taxpayers $7 million for them to have lawyers so they can fight any immigration case in court. On top of this, let's not forget, most of these people are going to qualify for the earned income tax credit. There is billions upon billions of dollars. The problem is not only will that payment grow with more and more immigrants; it's the most fraudulent program. If there's fraud now, we have all these immigrants come in, that's going to expand probably tenfold. This is a money hole that Obama created and no one wants this.
Chuck Rocha: You are talking one-half of one percent of this budget. Just on this specifically, this is adding not only more lawyers, but judges to deal with the influx of these children, mind you, coming across the border. There's going to be a fight on the executive action. They will have the spending run out in February. These were the basic humanitarian needs to move forward.
John Layfield: This is politics as usual. Chuck is right. It's a small percentage. The principle is what's important here. Forget about the executive action of whether it was good or bad. The republicans ran on the fact they would not fund a border policy without a policy change. They didn't flip-flop, they lied. They absolutely lied. They rolled over and said hey, we want to go home for Christmas so we are going to pass the bill. We are going to pass this $1.1 Trillion bill, politics as usual. The republicans were given a mandate. They completely broke it. Democrats did the same thing. They passed a bill, business as usual. It shows the hypocrisy in congress and why we can't afford the $1.1 Trillion spending bill.
Tracey Byrnes: They caved. I don't know how else to describe it. They completely caved. They come off a victory run and hand it back to the losing team. Why didn't that fight? Let the democrats shut the government down. Do something. Show muscle. They gave in on nothing. One small piece of Dodd-Frank is being deregulated. That is it. They handed a blank slate to the democrats and said do what you want.
Jonas Max Ferris: Just because we can afford it doesn't mean we should. This is money that was spent the years before. It went up 10%. They were allocating money for the things in previous years before the president's executive order. As far as, is it good policy going forward, it will increase to Gary's point. There are losers with letting a lot of people get work. There are also some winners. In a perfect situation, we put the resources toward security and jails and all this stuff. Unemployment was high to minimize the labor force. When it's low, lower than today, you want extra workers to come in so they can raise wages and prices. At this point, we could handle a few more immigrants. They are not going to keep flip-flopping because of the recession but that's how it works.
PROTESTERS BASHING POLICE NOW TARGETING BUSINESSES
John Layfield: It's criminal thugs and idiots. Looters loot, not protesters. Dr. King and nelson Mandela believed in peaceful protests. If you have a problem with the grand jury, go after them. Going after apple because they have money so they must be evil is insane. Go after Mayor Michael Bloomberg who's given hundreds of millions of dollars to New York or the rich 1%ers who give hundreds of millions of dollars. They are wanting to cause trouble.
Chuck Rocha: I have been going to protests far long time. I am a fan of protests. The American people should rise up and let the government know that. That's what the forefathers said, like John said. Going after private businesses is not the way to do that. Going back to civil rights and union days, you did not go after people because they were economically wealthy. We all aspire to be wealthy and to have justice in the country. There's a right and wrong way to do it.
Gary B Smith: I don't understand the effect. They go and close down apple and Marcy's. What effect is that going to have on the police force of New York City? I scratch my head. And what end do they want? Do they want to get rid of capitalism because they think the criminal justice system in communist china is better? It's going to be an upgrade? Start with a core group of people and become something more. "Hey, we have a protest, let's go to apple." "Why are you going?" "I don't know it sounds like fun." It's lunacy.
Tracy Byrnes: It is creating havoc. Two weeks before Christmas, it's going to have impacts. Who wants to go shopping at Macy's with this going on?
Jonas Max Ferris: You know, they are gaining a lot of attention. Everyone is covering it. The apple store gets more attention than the police station. No one cares about the police station, at the end of the day. The problem is, this isn't about outsourcing or minimum wages. This is about the police in this country and let's keep the focus on that or you will lose the message. Liberals cannot steal this from black America. They have a legitimate point there's no protest in Staten Island where it happened. Then you have the Macy's store. It's not about making stuff in China. Keep it what it was.
STUDY: GAS AND OIL PRICES PLUNGE TO 5-YEAR LOW
Jonas Max Ferris: You don't want too much of a good thing. You don't want oil to go below $50 a barrel. It is systematic of a global recession. It is probably started everywhere except the United States. It's a sign demand is not dropping because we got rid of the clunkers. Let's not hope for $1.50 Gas. That means we are in trouble. We are at a good level now.
Chuck Rocha I grew up in east Texas. I'm not your daddy's liberal. We love gas. We love cheap gas. We love cheap gas like a big kid loves cake. We have jobs in the oil industry. I found out a cousin in Texas got laid off because they quit getting oil and gas leases. It's a win and a loss.
John Layfield: In November, 40% of oil permits, we were down 40%. States since December, 2007 that have shale drilling have increased their employment by 1.36 Million. State don't are down 432,000. It is a job creator. Overall, the benefit of lower gas prices help the middle class and lower incomes specifically. It is like an economic stimulus.
Tracy Byrnes: If you look at your portfolio, odds are good you are at the energy sector. Stuff like this keeps happening. You have to worry about jobs, even a t the companies. What about civil unrest in countries that rely on oil for profit? What about when Venezuela is struggling to begin with. We bring them down further; you have to worry, to Jonas' point, what's going on in the global economy.
Gary B Smith: There are two sides to it. It depends. We really don't know the cause. One, you point out that people are getting an average family $1200 extra per year through the gasoline savings. It is not significant. That is a tax cut. Jonas points out it may be indicative of, you know, not enough demand out there. We enter a global recession. That could be the case. We don't know right now if we have too much oil or the demand is too low. Either could push the scale. I happen to side with Jonas. I don't think the low oil price causes the recession, but it's indicative out there that, you know, countries like china and japan and even to a certain extent, the U.S. Aren't having enough demand out there to keep the price up. If it does plummet, maybe it's foreshadowing that we could be in for another rough few years in the economy.
Gary B Smith: HOLIDAY TIME MEANS MOVIE TIME! (NFLX) ORDERS UP A 50% GAIN IN 1 YEAR
John Layfield : FALLING FUEL PRICES SEND (DAL) FLYING 20% HIGHER IN 1 YEAR
Jonas Max Ferris: SWAP CASH FOR FINANCIALS! (VFH) RETURNS A 15% PROFIT IN 1 YEAR
Tracy Byrnes RPT: CONVICTED DRUG SMUGGLER BITTEN BY BORDER PATROL DOG SUING U.S. GOVERNMENT