Someone could manage the complicated process and hold someone accountable when they screw up and never make mistakes. It wouldnt happen because it would tip the hat of the white house and admit failure, but uld it help fix this problem . Absolutely. Charlie, what do you think . It may help fix the problem. One of the things about fixing the problem that this gets put into work and doesnt work. That is one of the problems that i think even if you but a similar the ceo the lousy system works better. The problem is, obamacare doesnt pay for itself. Its this rude gold brick sort of thing that makes no sense, and if you get someoneto put it in place, get people to sign up, i think thats when it starts falling apar ben stein, theres a whole lot of nonsense, company that is dont do well, they announce a new ceo, and if wall street likes the ceo, the stocks go up. Could that help obamacare . Well, if you could find a great ceo, yes, i dont think Warren Buffett wants a job. I donknow what other great ceos are out there. I think its, at this point, such a complicated project. And whats the point of having a ceo. A ceo in a hugeorporation gets a lot of money. A ceo for obamacare just gets yelled at. I think its a political try to put in one more level of bureauacy and i dont think it will help, but good luck. At this point they ed to try anything. Thats if they want to try. Adam, maybe even trying today would be an admission that you need some element of the private sector involved in this. I dont think that, first of all, that the private sector has a monopoly on the concept of chief executive officer or a top leader. Our country has a commander in chief, for example, and has had for the entire history of the republic. I also think, ben, your comment is a sad one, that no good executive would want this job because they couldnt make enough money. Beuse some people, by the way, as you know, like the idea of serving their contry. Because you worked in the government before, you can appreciate that. So i think the idea of having somebody run the whole thing is a very good idea, its definitely worth trying. Warren buffett is not an operational ceo, hes a great investor that runs a company. But we should point out that if he was investing in this, he would short it because its one of the biggest disasters we have seen come out of government. If this was anything like a private company, no, wren buffett would be shorting obamacare right now. But charlie, youre making you know that. I know that you are purposely making an unfair comparison, because, well, first of all, i disagree with you. Its a good program, the rollout was great. Let me finish. I disagree that this will be a disaster the medium to longterm, nber one. What is your timer . Let me finish. To suggest that this is something to quote unquote needs to make a profit is misleading. Youre changing the subject. What is your time verizon . Five years . Ten years . Five years, yes. Hold on one second, hold on one sukd. If this is not successful for five years, it is over. Before that it might be over, but forgetting about profits, just making it work. Whether you believe in the law or not, the way its been administered so far, every single day, every single week, theres a hiccup and problem. This week if you have a baby, too bad. Part of the problem is breaking even essentially and how is it going to get paid for. And so far what we know is that the people who signed up for this Government Health insurance or these exchanges, its more older people and more people who are ill and not enough young people. And that is one of the instrumental parts of how this will get paid for, it will get paid for through taxes and the young subsidizing the old and sick. That is where this falls apart. We are already seeing that. So to y, to basically call it, adam, and say, hey, its going to be successful, i dont think you can say that. Okay. Look, i get that. Youre right about that. But there are always hold on, there were always subsidies built into this. We always knew there was going to be a subsidy element for ople who couldnt afford to pay for their own insurance. This was never intended to i will answer that. That is right, but part of the way it gets paid for is by younger people paying more. If those young people dont sign up, then it falls apart. They dont pay the check. Adam, with the greatest possible respect, gm and ford gives me a car but when i turn the key, it doesnt start. Without a subsidy, this thing doesnt start. A person would only do this money. Look how this is set up. It looks like it doesnt work. It looks like it is internally flawed. And i tell you, if youre talking about five years that this thing might happen and youre giving us a rosy estimate, its over in five years. Jump back in, adam. I cover silicon valley, technology companies, i have written about plenty of companies that make mistake after mistake after mistake after mistake. This is not a product launch. Youre comparing this to the iphone . Thats exactly what it s. Youre taking millions of Americans Health care and turning it upside down. Thats not a product launch. How about the tion, ben, if the president were ae to put aside his egg go for a while and put aside the need to have a bunch of fans in his fingers and so o if he said, please help us fix this. Would it be given any kind of zms. No. I would say they have the greatest genius that ever lived, and i dont know who that would be. To fix it, maybe it could be fixed, but as Charlie Gasparino said, it is internally flawed. It just doesnt work. They are going to have to take it apart and put it back together again. And the best would be to abolish it and go back to the old system. By the way take it, degan. A good ceo wouldnt take the job because he or she wouldnt have the ability to make the hard core changes. A ceo wants to do one thing. If somebodys not performing up to his or her standards, they get fired. And if you work within the government, these are lifers, you cant get rid of them because they are going to be somebodys crony and you couldnt show them the door. Warren buffett would be shorting this. Adam, listen, weve covered thisor a long time, and you sort of have gone back from this is something that will help to save money to that it doesnt matter if wesave money because its the rht thing to do as human beings. Where are we now on this whole scheme of things . Im sure you can maybe you can find the tape to pre you right and to prove me wrong. My view of what my position has always been and still is that this is a way to get tens of millions more americans Health Insurance coverage that were on our way to, thats exactly what the goal has been. I, unlike you charlie, ben and degan, im optimistic. Im an optimist. Ben made a good point efore, Warren Buffett doesnt short stocks. Last word to you, ben. They should not have taken a sledgehammer to the previously existing plan and smashed it up. They should have just done changes around the edges. Absolutely. I think thats what we should have done. You may call me a pessimist, but im not going to hold my nose to my shoe what happens when you hold your nose for five years . Lets leave it there. It looks like they are running up the minimum wage, that could be all the rage in 2014, but will it send job creators and workers running for cover . Suzy. Keep it here on the fox choose channel. Ready, set, hike 13 states raising a minimum wage to start the new year. This coming with several others already considering increases. Charlie, this is not necessarily a good thing for the job market. I would say this, im a union guy, i believe in collective bargning and believe unions should bargain with companies to get more money, but this is there is really good Economic Research that particully when you raise the minimum wage from where it is now, it does cost jobs. I mean, in washington state, apparently they are raising it to Something Like 15 a hour. From 9 to 15 an hour. They are talking to people who are saying Small Businesses and Large Businesses are saying we are going to cut jobs because of this. Thats insane. But you have two dynamics, degan, you have the economic stud den and proof and certainly Small Businesses are saying, please, no, and this is a popular thing thats working. Bill de blasio was elected on it. This is already going on as if the people are being squeezed and not being paid enough. This is happening at the state level and happening naturally. And the irony is people on the left want these Unemployment Benefits e tended to 1. 3 million americans in the new year, but at the same time they want the minimum wage raised. So what do you want . Because you ould encourage job creation or raise the minimum wage, because again, its going on the margin, it is going to hurt creation of those kind of enylevel jobs. Ben, heres the thing, a lot of people are saying it is just not right, it is just not fair, the minimum wa is too low to sustain a family. And in this country its the right thing to do to start hiking it. Well, it is the right thing to do, because the minimum wge is comically low. You cant suort even a Single Person on minimum wage, but theres a minimum wage for a reason because the low skilled people, young pele, people who cant do anything else, go into those jobs. That being said, look, i will say, im a Huge Consumer of fast food. I would generally pay more for my big macs and tac supremes in order for the people to make more. Will it cost jobs . Unequivocally without question, but should older, fat people like meay more so young, thinner people can make money . Absolutely, without question. Its the people that do keep the jobs and they are making more, but most of the sma businesses, a large percentage are saying its going to hurt hiring to degans point, but you have fewer people working and the ones who work make slightly more money. Is that the ideal scenario . Its not necessarily an accurate scenario. You know, you mentioned a moment ago that theres two dynamics at work. Theres more than two dynamic at work. The studies show what the studies show, but the fact is this is a political system. You can pay for these people one way, charles, or pay for them another way. We get to decide as a society what we think minimum leve of, you know, comfort are. The free markets get to decide or do the people, do we get to start voting how private industry spends their money . Is there a difference . I mean, the free markets exist in a political democracy, at least in our country they do. Yeah, thats right. These are expenses of the free market, of running the government of providing for the people in society. I know you think that im talking crazy, but these are real expenses. They are real expenses. And by the way we dont think youre talking crazy at all, but this is a way for the government to bribe lowincome people to vote democratic. Its a perfectly legitimate way. The government also bribes highincome people to donate to the republican party. Bribes are a familiar part of politics, but lets remember, its a necessary thing, but its also a bribe. Degan, go a second. Ben, you are not fat or old but willing to pay more for your fast food to pay for the younger people. But if you look at a large discount railer, its a different story. That a higher minimum wage cld potentially hurt the prices that people pay, lowerincome pay at these very retailers, or they are not creating more jobs to help that very person in the country. Maybe im missing some of the economic data, but its not good. It shows in almost every poll, every economicsurvey, every study showshen you raise the minimum wage particularly at the levels charlie, theyre saying that it is just simply inhe rich country like america, the right thing to do. Right. And then more people more people are out of work because of that. Let me tell you something, especially low wage jobs, do you think youre going to get rich working at walmart . Lets be honest. I am all for organizing, you know, basically going toetotoe with management and saying this is the way it works, but whe the government gets involvedit does have an impact. Adam. Do you think there should be no minimum wage, charlie . Of course not. Do you think it should be 15 an hour, adam . I dont know what the right number is. 15 an hour i want you to know, i made 3. 50 an hour washing dishes at the silver moon restaurant in new york. That was a long time o. In none of these states the minimum ge is index to inflation. If youre going to have one, thats how it goes. Lets leave it there. Was your new years resolution to save money . Let the forbes gang do it with its triple play. Well explaithat at the top of the hour. Plus, whats happening in new york is not staying in new york. This was a big shock for his city and the entire country. [ me announcer ] this is the story of the dusty basement 06 35th street the old dining table at 25th and hoffman. And the little room above the strip mall f roble avenue. This magic momt it is the story of whre every great idea begins. And of those o believed they had the power to do more. Dell is honored to be part of some of the worldgreat stories. That began much the same w ours did. In a little dorm room 2713. This magic moment this magic moment so i can reach ally nk 24 7, but there ar24 7. Branches . 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 muscle 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. Those earning between 500,000 and Million Dollars a yearen, for instance, would see their taxes increase by an average of 973 a year. Ths less than three buck a day. About the cost of a small soy latte at you local starbucks. We do not ask more of the wealthy to punish succe. We do it to create more success stories. Yeah, thats some story. The new mayor of new york city calling to spread the wealth but charlie, i wonder ifs this redistribution actually does more harm than good for everyone. Comrade bill de blasio put on an interesting display. That wasnt the worst of it. One speaker that called new york city a plantation. I mean a plantation . That was a reverend the way. I mean, just th was a despicable affair. Talk about, though, the policies of bi de blasio, the comre as you call him, why its so bad and Everyone Wants to well, the thing about new york over the last 20 years where we had progressive right of center but the progressive mayors. Rudy giuliani and Mike Bloomberg who did great things. This city was heading to detroit and then came rudy and then came mayor bloomberg an this guy is looking to take us, his policies, are essentially what got us in trouble the first time. I will say this, heres why you have to worry about comrade bill de blasio. His campaign was built on a lie. New york city isnot a how do you say the word . Dekeynesian. Dekeynesian hell le. You cant make this argument if you cant say it. Some people are saying maybe charlies wrong, maybe it is the best of times and the worst of times. The best of times for rich guys like charlie but still so many pockets of poor in this country, lets try a different system because this capitalism thing isnt fair. But the capitalism is the best system there is. Theres in perfectly fair system. God did not make life to be perfectly fair. I would likeo recommend an author named Charles Payne whos has a website who wrote about this subject about a class envy and about the envy and how bad it is and dangerous in america. Quickly. I remember that column by charl payne. Quickly the mayors impact will be felt in the biggest way how he handles the union contracts. About 150 bargaining units, about 300 employees. Theyre demanding retroactive wage as they dont have hold on. I know, but im saying if they have them over the barrel it will be felt. Adam, what do you think about all of this . I think that bill de blasio is not abandoning capitalism, number one, despite what all of you say, and number two, tacks, ben, are part of caitalism, always have been, always will be, except maybe in charles payns world. Believe me, ive paid enough over the last it ten years. De blasio is so left, hes going to make san fran look like houston, texas. We have a lot of thgs to watch in the next five years between obama care and new york city. My thanks to charlie and dagen. Up next forget about these fireworks. The fireworks on wall street last year had investors celebrating and celebrate with our gang for the new year. Just by talking to a helmet. It grabbed the patients record before we even picked himp. It found out the doctor we needed was at st. Annes. Wiggle your toes. [ driver ] and it got his okay on treatment fm miles away. It even pulled strings with the stoplights. My ambulance talks with smoke alarms and pilots and adiums. But, of course, s a good listener too. [ female announcer ] today cisco is connecting the internet of everything. So everything works like never before. Strong stocks last year, Even Stronger this year. Adam . Charles, the vanguard high dividend yield etf, these are Big Companies retively under priced. Great way tolay the market after lastyears great year. Ben, what do you like . Spiders discover the index youll do great. Ben, thank for the shout out and watching the cost of freedom continues on the place for business, you know what it is, fox. Sit back and enjoy a new year show full of resolutions to save you mone first up, resolved, no more bailouts. As the individual obama care mandate kicks in new worries popping up that Insurance Companies will need a government rescue from obama care. Heres a big reason why. So far nearly three times as many health plans getting canceled as the number of folks actually signing up d evidence those who are signing up are not the ones that Insurance Companies need to break even. Thisews coming as we discovered our Great American auto bailout was more about bailing out Foreign Car Companies than saving the u. S. Auto industry. Fiat took a