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PRESIDENT OBAMA CONTINUING TO PUSH FOR STUDENT LOAN SUBSIDIES
CHARLES PAYNE: You mention president Obama and when he won the nomination. He gave the big speech in Chicago in the park and he actually said when your credit card bills are maxed out that’s not your fault. That was the beginning of what this whole thing is all about. He’s telling college students, hey listen this education that you’re getting that we used to talk about being priceless, worthless worth so much and is an investment … you shouldn’t have to pay for it! You shouldn’t have to pay for anything. This is taking his cue from the white house and guess what ultimately that do believe corporate America will pay for it. The top 1% will pay for it and we will all live happily ever after.
DAGEN MCDOWELL: Free food, free healthcare is called staying at home and living with your parents the same people who spoiled you rotten that you think you deserve something for free. But you know what? This starts with the older generations because you look at our entitlements this gentleman feels entitled to free things. We have social security and Medicare that can’t get fixed because people are not willing to give up a benefit that they aren’t playing for.
BEN STEIN: A nation that once conquered the world now relies on bread and circuses. That’s what a very famous commentator said about the Roman Empire and that’s America now we have a very large block of Electra who doesn’t want to do any work and expect everything to be given to them. Mr. Obama caters to that block and I suspect that block is very largely college students who have the incredible idea that a very, very valuable investment in them should be given to them for free by people who pride taxes and work on factory lines that’s just a nutty idea and I hope and pray the president is not listening to them.
CHARLIE GASPARINO: You know what’s funny? Usually journalists are criticized or taking the most absurd example and making it for the norm, like I was ready to accuse you of Neil. But, the most absurd bizarre example is the norms when you deal with occupy Wall Street and I’ve been down there, I’ve interviewed them. One of the reasons why President Obama is in trouble with independence when you look at polling he does support just about exactly the plank, if you can call it a plank of the occupy wall street movement.
ADAM LASHINSKY: I think the president is not advocating free food and he is not advocating free healthcare. I am talking about the president of the United States and the man who Charles likes to refer to as “they” you in the people. So I’m referring to him as the president because we only have one.
NO NEW CALL FOR INVESTIGATIONS WITH GAS PRICES ARE FALLING
BEN STEIN: Well, one the oil companies have absolutely nothing to do with the price. Two I think we investigate the people who start the fire not the people who put out the fire. There is no doubt like the wonderful Dagen said, that on the upside the speculators can add to the price they only do so temporarily and they do provide liquidity to the market but the thing I would love to see them do is bashing the oil companies … they do not set the price.
CHARLES PAYNE: Obviously, there is a difference between speculator and a gambler. People who are speculating aren’t actually speculating at all. They are not speculating on oil what they are doing is making a really good bet that the fiscal policy in this country will continue to crush the dollar. We are making a serious bet that the federal reserve will continue to crush the dollar and guess what , despite this pull back they are right. If the administration was smart they would have said oil prices are up because the economy is stronger but their natural inclination is to always point fingers.
CHARLIE GASPARINO: I would say this is where you see the far left and the far right engaging in this nonsense and speculation that these guys on Wall Street are bad. Again, you put the worst example up there Ed Markey, and Nancy Pelosi and the first one looked like you know an elderly Wall Street person. The bottom line is it is bi-partisan in this sort of nonsense in speculation and speculation is gambling. Gambling is what the markets are about.
DAGEN MCDOWELL: No, because if people talk about speculators they look stupid because prices are going down and ultimately I don’t think there is anybody here who would disagree with me on this people better or investing on this commodities for their futures will add some to the price of any of these commodities (or subtract) by the way we talked about this earlier natural gas prices are more than a decade low so people focus on gasoline prices.
ADAM LASHINSKY: I’m afraid I can’t help here Neil. I think that all the talk about speculators is complete and utter nonsense. It’s strictly political and stupid or these people don’t understand. I agree with Dagen completely in fact speculation is good in fact it leads to liquidity in the market and there are higher laws against manipulating the nation which is different.
NEW AD SPARKING DEBATE OVER TAXPAYER-FUNDED GREEN JOBS
BEN STEIN: Well, I don’t know what the big deal is here we are all moving jobs overseas all the time. Every time we buy a Kia, an Elantra anytime we buy an American car with parts made overseas. We are all moving jobs overseas all the time that is just the nature of international commerce. It’s a shame and we do have the best workers and the most productive workers in the world but something’s are just a lot cheaper to buy overseas so we will buy them overseas.
DAGEN MCDOWELL: With the job growth slowing in this country at 8% unemployment, this ad is like “don’t look over here!” “Look at that guy who used to have a Swiss bank account.” Let’s dig up a few instances of jobs going overseas but this is happening… look at Fisker the car company for example, half a billion dollars alone only got to spend 2 million of it because the company is falling apart and now it’s thinking about making this new car overseas and there is calls for a investigation with what happened with that loan.
CHARLIE GASPARINO: As a lot of things with this guy, the president when he campaigns I think he overplays his hand and clearly overplayed it on this Osama bin laden victory lap. His jobs are Jeffery Emit one of the worst offenders in the very sort of bad practice that he is touting here. It is such an easy comeback and it will remind us that the guy who has given him advice and Neil you’re a big component to CEO’s becoming presidents and I will say, if Jeffery became president, remember that. He will move a lot more jobs overseas.
ADAM LASHINSKY: Well, other than the Swiss bank account which was a good zinger, I didn’t like this ad because I like to say you are either in favor of globalization in this nation or you’re not and I am in favor of globalization.
CHARLES PAYNE: A gigantic double standard and you know the one thing I will say with these solar projects is they are really ballsy in the sense if you go their websites they admit we are going to take 900 million dollars and we are going to create 10 permanent jobs. It’s just that bold that they tell us this kind of stuff and listen the bottom line is you’ve got a trillion and half dollars sitting off shore, money that would come in handy to this country if the president would call a c-spire on his war against business.
SMALL STOCKS, BIG GAINS
ADAM LASHINSKY: Franklin electric (FELE)
BEN STEIN: Taiwan iShares MSCI (EWT)
CHARLES PAYNE: GEOEYE (GOEY)