Transcripts For FBC Cavuto On Business 20141130

I asking the same question . Hes joined by sam, julia, adam is going to be back next week. Hes busy traveling the country on a bicycle tour. Im hoping another rumor that another customer doused him in gasoline and lit him on fire is wrong. Well keep you posted. Charles payne, the gas tax. Listen, i mean i know the roads and bridges are crumbling but what are they doing with the cash, neil . We have seen so many examples of wasted billions and billions. The stimulus, 800 billion, will pave all the roads. All the bridges will be found. They took the money. They put it out. Everywhere you look, the money is wasted. They raise more in the name of doing the right thing, but they dont do the right thing. I still have to pay the toll on the bridge. Raises the point between tolls, what we are giving the states, municipalities, highway funds, local and federal level. There are bonds that state dont get me going on bonds. To fix the roads. I would say this. I would be more for Infrastructure Spending, but we need an audit of the trillion dollar stimulus package. Where did the money go . I bet it didnt go to roads. My guess is it stayed in the state coughers so they didnt have to lay people off to keep unions employed. I bet they didnt spend much of that on bridges. You know, it is interesting, i know we touched on it before. They are all for Infrastructure Spending on this stuff, infrastructure on the keystone. Im going to leave that aside. I mention it because i dont want to leave it aside. I want to point out, the money thing. Whats wrong with saying we are open to give you more money. First tell us what you have done with the money we have given you. I dont have a problem with that, fwu gas tax has not gone up 20 years. If you dont get a cost of living increase in social security, people lose their minds. Why wouldnt you think the cost of fixing our roads would be going up . At the same time, we are driving more fuel efficient vehicles. Its bringing in less revenue. More people are paying that gas tax. No, they are not. Not that many more. How long has it been since the last hike . More than 20 years, 1993. More americans . We do. Its not that many but as a source of revenue, its shrinking. By the way you want a lock box . I want the people who use the roads to pay for it. Instead, Congress Wont raise the gas tax. They use general revenue from people who are not using the roads, they take tax dollars from people. I have a problem with that. You are finding a nice way to you dont get to hey, hey, hey. We have standards. What do you think of this. What is past is prolonged, neil. Amen. Sir . I dont know. Go ahead. What is past is prolonged and its always been true theres a lot of waste in highway and bridge construction. There will be a lot of waste in highway and bridge construction. Theres a lot of waste in contracting. The numbers are totally right. We have to get more money in there. We are not getting enough from the gas tax right now. Its got to be there. Those are the People Living in Southern California need great highways. Its going to go into a pot and a lot of people are going to piss it away. A lot of it will be wasted. God bless you, a lot of it will be wasted. Thats true of everything. Dont you find in your own life a lot of the money you spend is wasted. Wasted all. You dont need the Pumpkin Spice in your latte. No, now you can get ginger. With standards, im learning a new thing every day. I am on board with what you said. The next time charles drives over the bridges and it collapses like in minneapolis, hes going to be sorry he didnt raise the gas tax. That assumes that tax is going to go there to do that. Come on. Im all for putting it, charles can make fun of me all he wants but im putting it in the lock box. In new jersey, the fund is broke. The only thing is gas tax is going to is paying interest on bonds. How are you going to fund it . What are you doing to do . I went through a 50page report. When they raised the toll on the George Washington bridge, which is ast nom cal, a lot of that money does go to other things that have nothing to do with the George Washington bridge. Right. It is a farce. This money is wasted and never gets to the projects. In other words, a bait and switch. They say hey, we want to use there for infrastructure. Who is against that . The money never makes it. Not to the degree its getting worse. Look at it this way. We spent 1 trillion let me tell you whats happening. A trillion dollars on infrastructure. I understand. The federal government is going to with all due respect out of the pot we have they must have they need the roads and bridges. Are you saying the stimulus money was effectively spent on roads and bridges . No, im saying of course there was waste. Of course there was waste and mistakes. Itis all done by human beings. I understand. Either the federal government is going to take care of the infrastructure problem or its going to fall on the state. What you are already seeing, if you dont want the federal gas tax going up, the state tax is going up. Good. Good. You think the state is going to be handled better . They are in such good condition. I think the states can handle this better than the federal government, which wasted 1 trillion. Are you kidding me . I dont know. The money is going to come from somewhere and its going to be the driver through more tolls. You are seeing that through higher gas tax at the state level. They cant set up a website, they are going to fix roads and bridges . I lie the federal highway system. That is the greatest achievement in the last century. What are you saying . The states can handle this . New jersey is broke. The Transportation Fund is broke. Because you spend more money than you take in and you have other things. Chris christie refuses to raise the gas tax and instead, let me finish my point, instead the sketching accounting. Why do you keep interrupting charlie who keeps interrupting you . Come down here. Lets duke it out. Why doesnt texas have a big infrastructure problem. Very good point at the beginning. We know this abuse and fraud and mismanagement and money going to the wrong places. The federal government is the place this is done. A good deal of that money is going to get to the desired purpose. I just think its time we stop with that. I think its time we sort of reexamine the books, follow the procedure and account for the 53 billion thats gone missing. We are not to roads and bridges. We could do that. More money is going to be needed and the people who use the roads are dog gone going to pay for it. Thats what they are fighting. People who drive are going to pay for it. Ill end with that. First of all a lot of money is being wasted still. Again, to your point, its not a matter of weather or not people want bridges and tunnels, its the farce being perpetrated over and over again. Hey, government, we give you the green light. We are okay with it. The tax and spending, you are going to cut 15 billion a year in a budget where the roads are crumbling. Try to do that. Cut the spending and then take demanded accountability for every penny. Im going to provide that for viewers on the website. This sum or what appears to be a disappropriate sum at a fast food restaurant. Im telling you, look at how it breaks down. Ill provide it free of charge. Do you think you are paying Government Employees to work for you . How about the unions . The forbes game on the big bill to help out big labor in a few minutes. Up next, the chuck get chucked. The white house thing was all mutual, but is this break up saturday. Back to cavuto on business. That was a scene at the white house earlier this week as yet another rat was abandoning ship. Chuck hagel was announcing his resignation. A lot of people saying that was not this week. Prove it. All right. Am i that far off . What do you think . No. Chuck hagel, harry reid. With respect to chuck hagel, listen, what it reminds me of is hes got to be surrounded by this is like a ceo, the board of director i provide these free of charge. One person says i think you might have done this wrong or we miscalculated isis. Out get him out well, what happened there . The third defense secretary in his term. Not unprecedented, but it is getting to be routine. Maybe not. There were reports he wasnt as well liked as leon panetta and gates prior to him. Oh, those guys were stellar and write best sellers. He has communications for the white house. The white house didnt like him, he didnt like the white house, to boil it down. We always criticize people in government and the administration for not cutting somebody loose. People dont get kicked to the curb thats a fair criticism. We are going to jump on them for moving slow at the v. A. Fair enough. This is more corporate behavior. It would be nice if he was asked because of the v. A. He went out because he didnt like the slow response to isis. Among other things. That was the first day. There were others. I dont know. I think its isis. We should point out that this wasnt the gentleman who called isis the jv team, it was the president. Its bigger than it appears. I notice you never gave obama the benefit, ever. I do. Hes a great family guy. Ben . It seems to me, as a nation, it has to be a National Commitment Something Like fighting a world war. I think mr. Hagel was for it. He was one of the first secretary of defense never to be a noncome, not an officer. He tells it as we see it. Very good point. Obvious think administration didnt like him. I have had mutual break ups like that. The story of my high school dating life. We move on. That was not a mutual break up. This speaks to a larger problem. The Obama Administration has a lack of clarity of what the Foreign Policy is. Replacing chuck hagel isnt going to clear it up. It has to come from the left side. Amen to what julie said. Amen and hallelujah. I thought you were nodding off. Looking for a scapegoat. The president is looking for a scapegoat. It wasnt going to get better. I know that. Doesnt it feel like scapegoating . I have to tell you, though all of these changes embolden isis and our enemies. They have to be laughing at whats going on. Do you think isis is like good, we got rid of hagel . No, they will be on their fourth defense secretary in this president listen, thats not strategy. When theres no strategy, its when they dominate. When we look when theres no commitments to fight the war on our side. We have to be as committed as we were after pearl harbor. Good point. We have to go to a break. Good stuff. Think about all the calories. Next time you go out, the food police will make sure you dont have to choice. I dont know if i can. Im a yo yo dieter. Im a yo yo dieter. Yo, hot dog man, yo im a yo yo dieter. Yo, hot dog man, yo the mercedesbenz winter event is back, with the perfect vehicle thats just right for you, no matter which list youre on. [ho, ho, ho, ho] lease the 2015 e350 for 599 a month at your local mercedesbenz dealer. How in argentina,rass change engineering in dubai, aluminum production in south africa, and the Aerospace Industry in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 70 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. And chew on this. The next time you go to the movies you will know exactly how many calories are in that tub of popcorn. Good to know. This is lowfat pop corn, ive heard. That means a lot. Thanks to these new government mandates on any chain serving food including movie theater, not necessarily the ones that guests go to, youll see the calories, stop from ordering it. Theyre there, will you think twice about whether you should. We all know your answer. Im repulsed. Watching him eat popcorn at the same time. Make a difference, if you kind of a good idea, that there are a lot of calories, say in buttered popcorn. This is not buttered popcorn. So much is common sense. You know me. I like some of the health stuff that the Obama Administration is like some of what Michelle Obama wants to do, teaching kids thousand eat healthy. Some is getting to point its common sense and the federal government, its spread so thin that it cant use the google to figure how many calorie, in something, you have a little problem. At some point we just, when it comes to health stuff, it become as personal responsibility. I think mcdonalds is garbage food, but they have a lot of stuff. You go there, you know what youre eating. Eating garbage. Calories displayed here in new york city. I have no problem it with it. Go a step further. When you go into a store, i want somebody yelling you, keep eating that corn muffinin two months youre going to gain ten pounds. I want people need to were an obese country. Is it too much . Julie, too much or just a reminder . You know going into it that, hey, you know, this is not low calorie fare. Right . The more information the better. Whats wrong with knowing your facts . If you want, like charlie said, go out eat a big mac and pig out. Why cant you look it up yourself . Maybe if im a 15yearold kid i might not be able to have access to the google. Come on my 9yearold nephew is already into it. Believe it or not, charlie, a lot of poor people dont have access. Oh, come on. Poor people thing. Ayeyiyi. Whats the problem . A lot of charons dont prominently display their calories online because they dont wan want you to know and i can name names if youd like. What about butter . Charlie, how many would change their mind if they knew, oh, my god. People cut calories by 6 and a couple years later dont gish a damn. 15yearolds know whats fat and not fattening. This is dumb government overreach. Paternalism run amuck. The kind of reason we have gigantic issues in this world and our government is worried about calorie count its because we dont know the difference between the damn big mac and an apple. Julie, you cant be this condescending to the american public. Its not. All i want is information. Go ahead and ignore it, ignore it. I dont care. I want the information. And overweight people im sick of most of these places you dont know a Pumpkin Spice latte is bad for you . Pumpkin adds a good 20 calories i. Have no clues is it 100, 500 . I have no idea. What do you make of that . A, condescending as can be . B, thin edge of the wedge, government control. Every child does a big mac, its a lot of calories. People eat for other reasons other than nourishment. Compulsions. No think we can fight them. I love to know vin eats his feelings. No. Not after your answer. My thanks to dagen and charlie and thank my good friend julie, a good sport this half hour. Up next, stocks in november, good. A pick for december. holiday music is playing hey i guess were going to need a new santa the music builds to a climax. more people are coming to audi than ever before. See why now is the best time. Audi will cover your first months payment on select models at the season of audi sales event. Visit audioffers. Com today. All right. Stocks that make a december to remember. Xharls . A case, smell the coffee. At least s 2 han share. Love it. And make warn buffett your partner, do it. Ben, quit thought on markets at this level . Heldy or not . Theyre hot. I think theyre high, but, i do not look for 2015 to be a good year but over a long period of time, which a man like mr. Gasparino has, it will be great. All right. We shall see. Searching for leaders to unite us to succeed. Not divide us to fail. Take Polly Williams for example. Spent her last days bringing people of all stripes together to fight for underprivileged kids. Helping give parents the freedom to chooses schools that would help their kids succeed, not the ones the government forced on them. In the face of ferguson violence, do we need more leaders like Polly Williams today . Hi, everybody. Im david asman. Welcome to cashin in. My panel is with me. David, spent a week and a half in ferguson. Just arrived from ferguson. Was there anybody there spread