Sign in to comment!

Bulls & Bears

Union-backed protesters asking for $15 an hour

DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.

McDonald's Protests

Susy Welch: I wish we lived in an economy where people could make $15 an hour, in fact, there are scads of kids graduating from college who will not make that much money. I am with Warren Buffet, if the wage goes up there will be fewer people working and they will be working fewer hours. That is a terrible price to pay for the political aspirations of these unions. They are saying Mickey D’s is trying to maximize their profits  but they are too with union fees. This is subterfuge.

Nomi Konst: The Unions weren’t just protesting the wage increase, they were protesting the fact that shareholders have been using their profits to buy back shares for immediate returns rather than investing in pensions, which is why unions exists.

John Layfield: The shareholders are in this to make money. They are not in this for altruistic reasons. They don’t want to save the planet, they want to make money. That’s what shareholders do. Unions are in this for survival.

Gary B. Smith: The world would be a better place if the left was around to tell Andrew Carnegie and the Rockefellers “Don’t worry about that profit stuff! That’s idiotic; you should build it into Pensions! ” It’s not the lefts place, however well intended, to tell business how to run.

Jonas Max Ferris: The minimum wage worker, most people believe they deserve to get more. We can argue the negatives of the economy but the public support is with raising the wage. They are on it to make it look like they care about the worker.

Prices rising

John Layfield: I think its getting worse, thank goodness oil and gas prices are down. You have these prices up, they hit the ordinary family. Real people have to deal with this, thank goodness gas prices are low.

Gary B. Smith: I do think prices have gone up in some areas, but gas is down 33%, that’s a big part of peoples budget. You either believe the governments numbers or you say there is a conspiracy theory. I choose in this case to believe the government.

Suzy Welch: It’s a tale of two cities. We have been to 21 cites, what you hear is two starkly different stories. When you are in the Midwest and the rustbelt people say there is no recovery. In the west coast and the southwest and its like 2007, I could have 15 jobs tomorrow. It’s a different reality. When you have these two different realities politicians will use it to there advantage and nothing will get done.

Nomi Konst: Technically our economy is great, but those making under $75,000 dollars have no money to invest.  This is a huge problem in America. Income inequality is so vast. This is a big problem, where are you going to find this income to feed your family?

Jonas Max Ferris: Inflation is a good thing, you want prices to go up 1 to 2% a year. This is a good figure this week. Things are getting better not worse.

Mileage Tax

Suzy Welch: I think you are taxing the wrong people, its very regressive. People who live far away from the city because they can’t afford to live close to the city are going to be taxed. Middle class families who drive for their vacations instead of flying are going to get nailed, let alone the logistics of figuring it out.

Gary B. Smith: This is perfect, where in America do you not pay for what you use? If you use something a lot you should pay more! This is the way to go, we have the technology. It should be on every road in America.

John Layfield: You can’t trust politicians with money. The gas tax, 40% of it goes to special projects. We actually have money to spend on infrastructure, its not being used.

Nomi Konst: Who is wearing and tearing our roads, it’s the corporations! So why aren’t they getting taxed?

Jonas Max Ferris: We are going to have to tax something other than gas in the future. But you will kill the electric car industry if you start it now. We should still tax the gas and start the miles in a few years.

Stock Picks

Gary B Smith:  CAG

John Layfield: CBRL

Gary Kaltbaum: OSTK