Killed another one. The middle east has bee zscrewed up ever since. Here at home were doing nothing toelp. The left hates fossil fuels. The right thinks all we need to drill. We have no policy. We are screwing up our own system and costing our systems jobs because we dont have a National Energy policy. Stev ste see teve, do you agree . Theres pain at the pump like every summer. Most of this panel likes the guiden hand. Thats what causes the prices to go up in the summer. Beach chair prices go up in the summmmer. Of course we need Energy Independence but this is just simple supply and demand. Gary v, steve makes a point. July is a peak demand month, but last week we saw overnight gas prices go up 3 cents. Thats unprecedented. Do you expect them to keep going higher . Well, im going to be going to the church of the guiding hand on sunday to celebrate. Yeah, i do. Look, i think steve has it partly right. We normally do see more demand and of course if you believe in supply and demand that does drive prices higher. But what is going on in egypt, the unrest there, particularly not somuch that egypt being a huge supplier of oil, although it is big one of the biggest no nonopec suppliers but it has the suez canal. Two, as john mentioned, our lack of Energy Policy not so much a lack of Energy Policy, its the lack we want to do the things that areo obvious like the pipeline, like drillg anwar, thing that have proven to have minimal if no Environmental Impact that could increase our oil supply, cheapest form of energy. Yet we want to tie our own hands. Thats whats causing these prices to jump up. Because the world and he in the u. S. , we dont see any move toward getting those lower prices by doing the smart things. Tracy, oil and gas prices going up. Do you think thats going to hurt the economy and are they going to continue surging . Yeah. Brendayou and i both know wages arentgoing up so gas prices even if they inch up a little bit, if we dont see a wage ncrease, thats taking a bigger chunk of change out of my pocket. I disagree its typical supply and demand. Global demand is going to continue way more than supply. If were not going to do the right thing in the united states. The oil is there. Why cant we go get it . Its the uncertainty in this market. We follow it every day. One little blip can send gases pricesing because of the uncertainty, to johns point, theres no plan. Nobody knows the future. Jonas, you dont quite agree on the Keystone Pipeline issue, doou . Well, i like pipelines over like using trains to move oil like we saw the problems in canada just recently. That doesnt deal with the issue that were already doing basically all we can to keep our gas pump prices as low as we can. So they might go higher with the Global Disruption like in egypt, but the prove of this is there is no country with cheaper gas prices that isnt an opec nation that isnt america and, moreover, compared to our reserves which are like a tenth of saudi arabias, were about to produce more than saudi arabia. Theres no country that produces more oil compared to their reserves than america. Awe the other countries produce less oil and they have more to produce. So were doing a good job, people. John, take him on. I love jonas. Hes my friend, but hes completely wrong. Look, the monterrey ale might be a big porti of saudi arabia in california that takes away the california deficit. Were not sticking one drill into that. The utica shale in new york would erase the new york deficit. Were not sticking one drill bit in that either. We have oil all over this country. We are not tracki fcking anywhe because we dont have an epa who will stand up and say, we need to do this or this to make it safe. Its all the above angs. We dont have that because we have no plan. Theres been four environmental studies on the Keystone Pipeline. All are clean. We arent doing it for wha reason reason. Who knows . Steve, maybe you know. Im with anwar and Keystone Pipeline. But with fracking causing earthquakes increighing threefold youd be careful toing that in cal kpal. Tracy, go ahead. Brenda, i think one piece were missing are state taxes. This piece of the gasoline price is not going away. That will continue to go up. Couple that with gasoline prices going up higher than our wages. Thats the bottom line. Gary v, it will have an impact on the economy, dont you think . Absolutely. You know, i want to get back to the point that jonas was making. You know, while were doing relatively better than other countries, look, i dont want to compare ourselves to our countries because we can do a lot better rig here. Weve shown that with a combination of coal, natural gas, oil, shale, oil that we have. We would not need to import one more barrel of oil for the next 500 yeyears. Why were not going down that path when we can lower prices even more, be Energy Independent and by the way create ton more jobs is baffling to me. 500 years . Ye we have 500 years worth of oil. I hope you have your scuba gear ready. Youre going to be swimming mr water. Gary v, i want to ask you. The oil market is going up but so is the stock market. That doesnt often happen. Do you think thats because of the head of the fedaying that easy money is not going to ease up anytime soon . Well, brenda, i misspoke. Im not going sunday to the church of the invisible handment im going to the church of ben bernanke. Hes my idol. I think e whole thing is silly. I think whenever bernanke speaks about, theres not going to be any taper, were going to continue to flood the money, see what happens to the market. This is a fed market. Were ignoring news that we heard on friday about u. P. S. About a slowing economy, same news we heard from fedex. Instead, the market keeps going up like it has rocket propel ant behind it. Im not fighting it. Believe me, im loving it. But i think its on fumes. What do you think, john . I think gary is right. Look, the u. S. Is the only place that is a safe harbor for your money. The u. S. Markets are probably under valued because of what gary v is say, the fed giving crack cocaine to the markets right now. If Interest Rates go up, just a hair, its two x in emerging markets. Even in rates if they go up, still the best place for your money. You know, say what you want about it, thats why its the most hated rally in history becausno one likes the way its going up. But it is going up a people just need to take advantage of it because even when they start to taper, its going to be so slow and youre not goingo feel it immediately. Andet at least your 401 k ride this one out. Jonas, about 30 seconds. Where is the economy headed . Theres no position because our pump prices are lower than japan and europe. We produce so much oil. We actually make a lot of money from rising oil prices. Were sitting pretty with 100 oil and could have the best stock market in the world for the next year. Thats got to be the last word. Thanks, guys. The irs is good at collecting your money. Time to take some of it back, republans pushing to slash 300 bucks from the tax mans budget after all the targeting and waste. And democrats, well, theyre kicking up a fuss. Neil and the gang are on it at the bottom of the hour. But up here next, the very unions who helped push the Health Care Law into passage are now fighting it. Another big one this week joining the lists. Rget the hypocrisy. Is this the proof that it rdict. Im gregg jared. Now back to bulls and bears. Unions that once backed the Health Care Law now backing away from it. The internatiol brotherhood of electrical workers just joining the backlash launching an ad against it. Forget the hypocrisy. Gary b. , you say unions actually have it right this time . Well, you know, brenda, you know im bias and alws a big fan of unions. It goes without saying id be speaking up for them. But in this se ive always been kind of opposed to unions because theyrkind of selfcentered and always focused on themselves. But that is the american way. And in this case they do have it right for one reason. They just want to keep the plans they have, however ludicrous and idiotic and goldplated they are. Thats their cice. But with obama care you cant do that. You dont have a choice. He clearly said youll be able to keep your health plans. The unions say, wait a second, he cant keep our health plans. In this case, they have it right. Jonas, do youink so,. Trying to pay these health care bills, why companies are being run into a lot of trouble because so these plans are cadillac plans. They had to get caught. I was looking at the white paper by the union about what their griefs are, and they dont like that lower employees are going to have to basically go into crumbier health care. We need a race to the botm from the high end of health care. This is one of the good effects. Im ooantiunion and proobama. Unions used to support obama care. Now many of them dont, steve. What does that tell you about the Health Care Law . It doesnt tell me anything about the Health Care Law because theres one good thing about the Health Care Law, and that is that it provides everybody with access to Affordable Health insurance. But no supporters of it were never going back to something else. But let me say this, it does say our Health Care System is totally wacky and the Health Care Law will bake that in. The new law keeps most of that. We spend more of our gdp than other countries. We nee a single payor system. Ths what the unions used to be for. Now they need to be for. Even the unions, soon enough the girl xoults will come out and say this is a joke and a half half. I said get rid of it and have a single payor system. Thats what it shows us. Obama care is wrong on so many levels, and even the unions now get that. The state exchanges are not going to work. They pushed off the employer mandate. Is tre still an individual mandate . Nobody knows. Even pelosi herself says we have to read the darn thing. Nobody knows and its confusing everyone, even his most loyal followers. John, i know youre not one of the most loyal followers, but what do you think about ts . Free pizza, right . This was sold as this is going to be free insurance, everybody is ing to happy, were all going to sit around and sing couple dkumbay kumbaya. Youll be able to keep your existing insurance. Surprise, surprise, those are wrong. This was passed in a completely partisan mannejust to get it done and youre starting to see the ramifications of it. Its created so ill will. No health care will be done. 24 of 50 states have opted out of the medicaid because they simply cannot afford it. This thing is an absolute disaster. Gary b. , time to flatline it for good . Exactly. Jonas and steve made kind of the same point, this whole, well, we need this, it should be this. Who are they to decide . Not those two. But who is government to decide what we need . Yeah, because like the almighty hand has decided, you should eat more vegetables, you should exercise more. Was there a human cry for this obama care . No. In fact, its widely hated. Thats why not only should the employer mandate go, the rest of it should go and we should try to edge back toward a free market system. Why is there a walmart of health care out there . Jonas . They have these giant plalan because the governmentarved out all these breaks. First of all, the government is it behind a lot of the Health Care Plans with the unions but theres a tax break where they can write off a taxfree perk. I dont think there should be that. If we went to the free market, no tax break, no cadillac Health Care Plans. Theyd be complaining because one way or another the 30,000 Health Care Plan will go away in the future. This is one y to do it, messy, complicated. How is it going to go away when at the end the day you have all the entitlement programs in place. Nobody is talking about. Everybody deserves to be taken care of in this country but this is not the way to do it. It is going to put us into bankruptcy. We spent so much money implement being the darn thing, now well spend so much trying to abolish it. When really if somebody would have put some thought in this, wed be okay. Why eating more greens has some School Districts in the red. How this food fight is cooking up a case against the nanny state. I actually like vegetables because theyre prepared right. The president telling a group of kids he loves his veggies but his push to get kids to like them, too, is back firing. One Indiana School district losing 300,000 because of the governments lunch program. Kids just arent buying the stuff,s and they would rather go hungry. This coming after a new york School District is scrapping those healthy meals after it lost 100 grand. Tracy, more proof this nanny state just isnt working. Oh, brenda, youre a parent. You know you cant force a kid to eat anything if he doesnt want to do it without bribing him with cash on the side. Look, the portions are so small, the defensive line on the High School Football team is going hungry and the kids that got the kids threw it out. It became a total waste of money and time. It isnt the way to get our kids to eat better. Maybe we should tell the people on food stamps to force them to buy healthier food for kids. School lunches isnt the way to do it. Steve, do we need a nanny state when it comes to kids. We certainly do. We need it or well go bankrupt in the not too dista future. A third of all medicare costs are projected to be from obesity, largely preventable and caused by childhood obesisity. Excuse me, a third of the cost will be from diabetes, which is largely preventable, its from obesity. We have the second highest level of Childhood Obesity in the world. A good nanny is hard to find. A school is a good way to start. Gary b. , youre a dad. You know all about feeding kids. What do you think about this plan . Well, lets stipulate that steves facts on obesity are right. What galls me is that mrs. Obama thinks that its her problem to solve. It is not her problem to solve. It is the parents problem to solve. Its parents that let their kids be obese. Why is the federal government mucking around in what local School Districts do . Again, are they the allknowing, allseeing being that can determine what should be on the kids plates . When i grew up, darn it, i liked cheeseburgers and tator tots. It was good enough for me and it should be good enough today. And you walked to school both ways in the school uphill. John, what do you think . Steve is right about one thing. Diabetes is a problem. We have the fattest, laziest kids in the world right here in america. And the problem that we have is not going to be solved by trying to feed them vegetables. It just simply isnt going to work. Look, educate them on diabetes. Educate them on obesity. Ban sodas and candy from the school. But you cant try to make them eat vegetables. I hate vegetables. Im a fairly healthy person. Get away. I know jonas loves vegetables because hes the skinny guy among us. Go ahead. Fortunately because of the food lobby we call pizza a vegetable at the school. Its not . Technically its not. Ive seen you hit the cookie strike. Inow you dont eat vegetables. I agree with steves point about obesity. I think most doctors would be for this food plan, even though the by the way, the kids dot like it. The kids dont like math. We wont take away math because they dont like it. Its public school. Theyre going on a free ride. They should have to eat what they dont want. And the bottom line is, its healthier and were paying for it. Its not the nanny state like when the new york mayor says, you cant serve soda this big. This is taxfunded food. We get to call the shots with the food. But so is yoga and being a vegan. But i dont want our high schools being yoga vegans. Thats our last word. And we thank steve for joining us. Up next, a boeing 787 catches fire. Why someone here says it wont be a nightmare for the maker of the dreamliner. And walmart standing up na d predictions gary b. Brenda, despite the latest 787 mishap, boeing is going to be absolutely fine. The stock is up 25 . John, bul or bear on that . Wait a while. Be. They have a 5. 5 yield, 20 up in a year. Jonas . Bear. Jonas . Okay, they raised the minimum wage in d. C. There will be beneficiaries, but walmart knd handle it. They had to close plans for three stores. Jn, bull or bear . Bear. Tracy, twinkies will be available nationwide on monday. Mrs. Obama will be thrilled guess what my kids are havetion for lunch next week. Absolutely. Theres nobody on a bear on twinkies. Neil, take it away fox on top of an irs budget that is now over the top as the fight for jond the top because if w cant cut a few billion from an caught targeting conservative and caught spending money on this, what can we cut . Im neil cavuto. Lets start chopping. Republicans want to chop a budget for irs. And democrats wont ha anything to do with it. What do we want to do, go around and give people a tin cup and give money to pay for police, firefighters, government, Capitol Building . How do they expect to