Gary b. Smith. Tracy burns. John nas max ferris. Along with bernard whitn. Will pushing the minimum to the max push out jobs just as theyre coming back . Yes, absolutely, this is the wrong thing to do in an economy thats showing some signeds of recovery. Remember, theyre targeting the wrong people. This is a great union and democratic slogan to say, look at the ceo, how much hes making. You cant raise the minimum wage to 15 an hour . Take mcdonalds nor example. They will tell you, they dont set the wages for the local franchises. These are your moms and pops. These are your neighbors out there. They cant afford they dont have huge margins to raise the wages to 15 an hour. Remember, if you want to help poverty this isnt the way to do it. The earned income tax cret does it. Take this out of politics. Take this out of unions. Remember, 67 of people that make minimum wage work part time. 53,000 a year is what the average person who makes a minimum wage, that household, makes. This does not do a lot for poverty but it does hurt sma business. Does it hurt the young people, the College Students who are flipping burgers . They dont want to make a career of it but theyre part time and raising the wage would probably get them out of a job. Actually, i totally disagree with that. Theres very little evidence to suggest that. A modest increase in the minimum wage, tying it to inflation, actually has a net job loss. Theyre asking for double. I dont think thats appropriate. I support the president s call to raise the minimum wage. As he said in february, tie that to inflation, tie that to cost of living. That makes nse. How can anybody earn a living on 15,000 a year . Doesnt make sense. I dont support a whole sale increase of it to 15. I think that would be too much. Tying the minimum wage to inflation so we dont have to go through this every three, four years, and give people an opportunity to actually live on the minimum wage. Thats what we got to do and tie it to the cost of living and the inflation rate would be the first step to do that. What does history show us about raises in minimum wage and unemployment . Exactly, brenda, from 2007 and 2009, the minimum wage was raised 41 . And you look at you talk about the college age and the people in mcdonalds, what happened to that group . Well, 16yearolds to 19yearolds, the Unemployment Rate went from 16 to 26 . So, its those exact people by the way, theyre not the people that are the household leaders, as bernard alludes to. Those are just college and High School Kids as you point out, you know, looking to earn a few bucks. The best thing these people can do in order to raise the wage that the mcdonalds franchise ners are paying is to simply not take the job. If they dont take the job and other people do take the job, it says there is a market to work for the minimum wage. If no one if everyone stood back and said, no, those are unacceptable, than the franchise owners would have to raise the wage in order to stay in business or simply go out of business. This works against the workers in the long term. Its really just a horrible idea. Let the free market work. And, jonas, does it hurt consumers as well as workers . I would think its going to hurt consumer also more than workers. The economys picking up. You can actually handle these cots to some extent without leading to layoffs. At this point, it would do lets say oil prices when they went from 40 a barrel to 150 before the recession. Prices go up ultimately. Walmart doesnt make enough profits to give everybody a 6 raise across the hour. Theres not enough profits there. Theyre going to pass on the cost. So ultimately this is all going to be paid for by the consumer. The margin wont even change that much at a walmart. Youre going to see mcdonalds get rid of the dollar menu is what going to happen. Is that a better scenario . It might be. That urconsumers have to pay mo and buy less. But thats what the result is going to be. Tracy. If you go through the payroll cost increases, how do you offset it, if youre not selling more burgerings. I dont care that the economys turning around, people are still struggling. If you dont bring in more revenue, you offset t payroll cost. People who own the place are going to hire less or layoff. People who already have jobs are going to get less hours. Thats the bottom line. Theyre screwing themselves by asking for more money. Bernard, what do you think . Look, i think, like i said before, to go from 7. 25 to 15 is too much. Youre talking about not just a handful of College Students, youre talking about 4 Million People that deserve more than 7 bucks and 25 cents an hour. Gary b. , if we say take it up according to inflation, if we say take it up according to 15 bucks an hour, whyot just say take it to 15 bucks an hour to get rid of poverty . Exactly. Right, bernard says 15 is too much. What about 14 . Maybe thats too much. At about you know, the powers that be somehow know the magic number, thats right. You know, getting back to bernards point, tied to inflation, i think these workers wi still be protesting. Because what has inflation according to the government has done this year . Its done nothing. What are they going to do . See another 15 cents an hour in their paycheck . It would amount to nothing. What if inflation was negative . Do they take less money . One of the things we talk about a lot is minimum wage is a starting point. Its not supposed to be the american dream. Like, im making 7 bucks an hour, i can die now. Its a goal, its a beginning, its a start. We have to push and want for more. So do all these people. You dont want to live on this for the rest of your life, you want to get better. Its t that you want to make a career in flipping burgers at mcdonalds. Thats a beginning. Youre a college student. Thats where you want to start. Yeah, absolutely. Thats where most people start. It is an entry level position. The one thing i agree with bernard on is you should index this to something. Probably another basket of wages. So you take this out of political hands. Weve got another debt crisis coming up. Another potential shutdown. Theyre arguing over a 15 minimum wage. This is smoke and mirrors to get away from the real problem that there are almost 50 million americans right now in poverty. More than any time in the history of our country. What this country needs is jobs. Any type of job. You need to get away from this, take this away from the union hands and political hands. By linking this to something, probably a basket wages. Why not just link it to the market . Why not just let the market decide . I actually i agree with john. Linking it to inflation and maybe even a broader index of wages makes perfect sense. It depoliticizes it. It is not a union issue, not a political issue, it is a hands to mouth issue. I think gary b. Said, well, inflation was so low this year. If you compound that for the last 4 1 2 years, it would stand to reason that 7 would be closer to the 8, 9 range. I think indexing it to inflation once we adjust and bring the minimum wage up to 9, 10 an hour, makes a lot of sense. You hit the nail on the head, why cant the market work in these cases . The market seems to work across all year areas except where the government demand price control, and minimum wage where it doesnt work. Okay, thanks, guys. If you thought doubling the minimum wage was bad, how about doubling t federal gas tax . A lot people listen to this, okay, this congressman is talking about youre talking about doubling the gas tax and acting like its no big deal. Neil and the gang with more on that at the bottom of the hour. Up here first, the young winner of the Administration Obama care video saying price doesnt matter. Tell that to the young and restless saying they wont sign up. Why that could mean the price tag for the rest of us is about to go way up. [ male announcer ] they are a glowing example of what it means to the bst. And at this special time of year, they shine even brighter. Come to the winter event and get the mercesbenz youve always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho [ male announcer ] lease e 2014 e350 for 579 a month at your local mercedesbenz dealer. Its not the fumbling around with rotating categories card. Its not the etting blindsided by limits card. Its the nogameplaying, noearninglimithaving, deepbombthrowing, givemetheballandilltake ittothehouse, cash back card. This is the quicksilver cash card from capital one. Unlimited 1. 5 cash back on every purchase, everywhere, every single day. So let me ask you. Ats in your wallet . You can fill that box and pay one flat rate. I didnt know the coal thing was real. Its very real. David rivera. 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[ male announcer ] prilosec otc. One pill each morning. 24 hours. Zero heartburn. Andchanged history. Im jamie colby. More headlines 30 minutes away. Dont need a lot of money money money we just want to make it with Affordable Health care catchy, huh . Thats the winner of the administrations obama care video contest. Forget about the price tag. Well, try telling that to a majority of young folks who think theyre going to be socked with a hefty price tag because of the law. Maybe thats why only 22 of uninsured mill len yells plan to sign up for it. Gary b. , you say that all means were facing a bigger price tag. Brenda, absolutely, look the whole foundation of obama care is to get the Young Healthy people to pay higher premiums. In fact, subsidize the program for the older ones who really need the obama care. I mean, really need the medical attention. So, for example, youre going to see an average 21yearold see their premium increase about 81 . In fact, almost across the board, even with the subsidies that the governments throwing out, theyre going to see catastrophic increases in what theyre going to pay. So what are they going to do . Theyre going to say, look, im not going to pay that money. Im healthy. Im 21 years old. Ill pay the fine. Which, by the way, i dont see how the irs is going to collect anyway, they have no mechanism to collect that. Lets just say they can collect it. Thats going to be a mere pittance as opposed to what they should be paying in. Whats going to happen . Obama cares like, we dont have enough funds. Where are they going to get the funds . From the rest of us with increased obama care taxes. Its so inevitable. Well be having this conversation a year from now. Bernard, all these young people dont like obama care. If they dont sign up, what does happen to prices for the rest of us . Gary b. Has been the chicken little on obama care from the very beginning. The fact is, now that kids are going to be able and young adults are going to be able to get on to the exchanges and find out ways available, what the coverage is like, i think well see enrollment numbers increase. Ultimately, were going to have to wait until march to figure out what the actual numbers are. Heres what i encourage parents to do with their children around the christmas table this season is talk about health care, talk about the measures, talk about the benefits. The preventive care, the Birth Control bernard, stop, please, youre going to ruin everyones christmas. I advocate putting enrollment stickers in everyones stocking. They tried to get us to do that on the thanksgiving table. It is not open. I think they were trying to get bartenders talking about it as well. Im not going to let gary b. Go down as the only chicken little, i am right there with him. Thank you, tracy. Any time. The sky is falling. Look, 22 enrolled. They need a number like 39 . Heres how its going to backfire even further. Part of the new law allows kids 26 and under to go on their parents plan so you automatically pull those kids out of the pool thats going to help pay for the old people. Our premiums are so going up. Everyone should just plan on it. Put cash under the tree t pay for your healthbill. That Pretty Healthy girl singing had plastic furniture in the back. When she gets her 250 a Month Health Care bill, shes going to go bananas. The bottom line, i got to say, they stuck the cost of 55yearold insurance, which is expensive, because youre older, on 25yearolds. Those people arent going to want to pay for it. Its going to wind up being taxed on somebody else later. Unfortunately, we need them in it. 95, whatever the fine is, they need jail is what happens if you dont do it, because we need 100 of the people under 35 on this plan, subsidizing older people. Okay. On your christmas table, do you think youll be talking about this . Is that going to convince your nieces and nephews to sign up . Good lor we talk about how tony romo blew another season for the cowboys most likely. Gary b. Ischicken little, bernard is a fountain of misinformation. Lets break this down. Amazon can handle 1 million transactions per minute. This government website can handle 50,000. Thats how competent these guys are. These guys are ideologue whos w know nothing about people. They understand theyve been sold a bill of goods here, they have been told they can keep their doctor, keep their health plan. They know its not true. Lets forget about the website. Lets think about, instead, are we going to pay more . Well, we have to, brenda, look, in bernards situation, he think, ys you can sit around li some Norman Rockwell christmas and say, come on, kids, really, just for the good of the country pay a heck of a lot more money. What kid . Wh 21yearold . You know, dad, youre right, i think that would be the right thing to do. Theyd laugh at you and walk out. By the way, they would take the christmas turkey with them. No, the cost has got to fall on everyone else because the kids arent going to pay the money. Okay, sorry, sorry, guys, we got to go. Alright. Is santas Delivery System about to get slayed by a drone . Why amazons new plan for why amazons new plan for doortodoor d every day were working to be an Even Better Company and to keep our commitments. And weve made a big commitment to america. Bp supports nearly 250,000 jobs here. Through all of our energy operations, we invest more in the u. S. Than any other place in the world. In fact, weve invested over 55 billion here in the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. Is the delivery guy about to be replaced by this little guy . Amazon unveiling a plan for future, delivery by drone. Customers would get their package in 30 minutes or less. You think this would be a nightmare . Youre a tech guy, come on. I Like Technology but these drones belong in the Defense Department only. Obama should be controlling phem. I tell you why, i can thinkof nothing scarier than my entire suburban town full of these black suburban birds dropping packages off to the consumers. It needs to be stopped before it gets started. Jonas has never been this xi excited about something. Do you disagree . You like these drones . I love them. These drones are not going to be armed, okay, theyre not going to shoot anybody. Theyre also laws against the horseless carriage at the turn of the 20th century. Oh, my god, we cant have these contraptions going all over town, theyre going to kill people and children. This is the wave of the future. I love this. I want to order pizza from it as soon as we get one. I like that. Bernard, are you going to be calling dominos too . I think its a good iea for rural areas. For cities and suburbs, complete disaster. Its a huge pr attack for jeff bezos. He went on 60 minutes right before cyber monday dropping this bomb. Cyber monday sales for amazon, alltime high. Maybe using some of that money to jump start this program. Gary b. , what do you think . Im surprisingly in bernards camp. The good pr part. You know, use the money to actually launch im with john n jonas. If i was a kid around a neighborhood with a sling shot, this is my first target as it is flying by. I dont know, i want a gallon of milk, i want an amazon book, it comes in 30 minutes, i like it. I wish this was more than a pr stunt. I have a pit in my stomach that i too am in bernards camp. I think this was jeff bezos getting out there. Who cares . Hes thinking forward, hes being an entrepreneur. Hes making some noise. I love it. Okay, you go ahead, last word. When iolder, lazy and my he hearings bad, sure, buzz the neighborhood. Right now, if i have to listen to deliveries on the weekends hes lucky the euunabomber is n still mailing packages around oh, come o this is the tech future that they warned us about. Youve got the hitchcockian movie and everything, the birds, and that future we can have, this is a hazard to society. Weep go to end on that note. Thanks, guys. And thank you, bernard, for joining us. We appreciate it. Remember this . Lets stop this. Really juvenile political games. To one dealing with health care for senators and house members and our staff. We are gng to be part of exchanges. Thats what the law says and well be part of that. Senate majority leader hairy reid just did something for some of his staffers which has someone here asking whos playing games now. So i can reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. The predictions, gary b. Overnight is as quick as i want something. U. P. S. Is here to stay. Bull or bear, john . I like droen drones, bear. Your prediction. It blew away earning, closed at 73 on friday, i think it goes up another 30 in the next six months. Bull or bear . Bear. Tracy. Harry reid is allowing his Congressional Staff to avoid getting into obama care. Give me a break. Everyone is in, he said it himself, stop the games. Jonas. Were going to wear out our shoes faster, nike, 20 on the year. Wow. What is up with you . Gary b. , bull or bear on this . Drones at this point have a better chance. Okay, we are going to deliver the best business blockext. Neil takes it away. Pump it, then tax it. I dont know about you, youve had enough of it. Welcome, everybody. Follow the money if you can even find the money. Because it is not easy to get out of the democratic congressman when hes looking for money. Not just a little re money. Oregons guy wants to double the taxes because he says our infrastructure needs the dough. I asked