So, charles payne, is it going to make it harder on an incoming president when the guy replaced wont shut up . Absolutely. Can you imagine any job do you want the last person that had it opining on your performance . And i tell you what makes it even richer. Barack obama really has had no criticism from george bush, even though he threw him under the bus every opportunity he could. George bush didnt say anything. He didnt comment. The economy was he never he had so many chances. I can see the first year, but nothing for eight years. But really to say somehow hes going to keep donald trump in check, hes some sort of a, you know, alternative out there, some sort of social conscious that will make sure that the new president does the right thing is absurd. But it does speak to his ego. What do you think . Well, i remember when jack welsh gave picked jeff immelt to run ge. Afterwards that was jacks pick, but afterwards they didnt get along. Right. Very much at odds about the management of the company. Immelt used to say stuff behind jacks back, vice versa, yet they never boiled over publicly. Jack never came out and said a word publicly about the way jeff immelt acted, even when immelt started cozying up to obama being on the Economic Councils which im sure jack did not like. I know he did not like. But he largely kept that to himself. He kept that to himself because theres subtle ways youre supposed to comport yourself in that position. Jeff immelt is the ceo, the board if they really have a problem will get rid of him. Its the same thing with trump. Trump is the ceo of the country. If he is lousy at the job, which he might very well be, then people are going to vote him out. You know, kennedy, i can see former president realizing that his entire legacy could be sort of derailed. Yeah. Isnt going to like that and isnt going to stay entirely quiet while thats happening. Look what hes done during the campaign . Hes made the entire thing about him. It wasnt really an outreach to voters. Until the loss. Yeah. Good point. Convincing them how important Hillary Clinton was, its more about my legacy is so important to me therefore its got to be important to you thus you have to go out and vote for her because shes the only one whos going to preserve it like a jar of smuckers jam. He is going to be the most annoying backseat driver former president weve ever had. And i understand were entering an unorthodox political period and maybe he feels justified breaking with tradition and protocol as donald trump is probably going to do on many things, but it is going to be annoying. How do you feel about it . Im glad you asked me. You know, adam, charlie remembered the ge example with welch and immelt, im also remembering a couple of ceos who kind of got annoyed by a meddling steve jobs. And, you know, it wasnt as if jobs was staying quiet. If they were taking the company in a direction they didnt like, they would first be in meetings with friends and other times be outright talking to silicoicon valley press or what have you. So there is precedent for this sort of thing. If someone feels that their legacy or what they built whether in a company or politics is being compromised, right . Yes, gary, i think its no question its annoying for the person in office or in the position. In jobs case he had been booted from a company, so he was bitter. Ive admired george w. Bushs behavior immensely, but remember, he left the office with very low popularity. Im sure that helped him stay quiet. I think kennedy made a very good point, which is that so far the president elect has indicated that he wants to throw away the rules of deportment, so it doesnt shock me that president obama would say hes not going to abide by the same rules. Gary. But this is about the leader of the free world. This is not about apple. Indeed. And arguably we have the most divided we have the most divided country we have seen in decades. And when youre going to have the media, you know, dribbling to the hoop every day trying to destroy this president , you cant have the expresident also doing the same thing. Weve got to move forward, not backwards. And if hes out there every day by the way hes basically telegraphed that hes going to be after maybe a little bit of a vacation, if he does that, were not going to get anywhere. Going to continue to move backwards and not go forwards. I wonder how gets to be to one of your points, what if you dont go out in the press but you let it be known to the powers at be and party leaks out like sometimes happened with george bush meeting with donors, i dont like what hes doing on this tax thing, without being that over the top blatant. Well, that happens. He cant help it but i think youre right. Yeah. But lets be clear, if donald trump acts like he acted sometimes during the campaign, there will be republicans t him. Its not going to be a kumbaya if donald trump does that. Now, obviously hes doing quite the opposite. Hes appointing he may appoint various people that didnt agree with to various cabinet positions. Hes opening himself up at least to talking to people. He disagrees but hes already pivoted if not outright reversed on a couple positions. Yeah, went on bended knee to the New York Times, which was his chief like torturer during the campaign. So this guy is not acting like somebody that barack obama should go out and start beating up on. Well, we do know they talked to at least one since the oval office meeting. Right. I dont know what came of that phone call, but maybe the president imploring begging he doesnt dismantle the entire health care law, there are already signs on that that trump is willing to compromise. So he seems to be pragmatic enough to make some adjustments here, but where do you draw the line between being pragmatic to get the old guy off your back and losing the people who elected you . Well, donald trump is dealing with that right now. And i think hes going to grapple with that. The good news is hes got a honeymoon period with the American Public. And were going to give him a period of time to implement brand new ideas and ways of doing things. And i think people will likely see barack obama do the same thing. But i think, to your point in that New York Times interview, theyve spoken twice since that meeting and it seems theyre building a pretty good relationship. So maybe hell so did obama and bush, but he threw the former president under the bus. Hearing one thing about president obama, he can no longer start a foundation. Hillary clinton and bill clinton have single handedly destroyed the post presidency for him, thats another reason hes resentful and not spoking of her in glowing terms since the election because now what else is he going to do . Write books . Hes going to make millions. If he were going to be a charitable person, he could still have he cant do that. A foundation called my brothers keeper, i think theyll still go along with that, but hell make millions on speaking engagements. But hes also going to live in d. C. And that in itself is a shadow over the new administration. For a period of time. Just remember its not just going to be its not just going to be obama. Its going to be proxies. Its going to media. There is going to be a move of foot to go after trump. Its already starting. We talk about a honeymoon with the people. Guess what, there isnt any i will say i think its significant that he is going to be adam, i dont know what you think, still in the washington, d. C. Area while his youngest daughter finishes school, that means hes in the neighborhood. That means hes easily approachable. I think that makes a very big difference in the beginning because you can just walk out your door and someones going to stick a microphone in your face. True. I dont think hes going to resist the urge to say something. Well, i dont think hell resist the urge, but lets look at what you know, charles made the point about what weve seen so far. Him, what he says may well be positive and helpful and constructive because so far he has been. He has made kind statements about the president elect as trump has about him. So who knows, maybe this will work out well for everybody. These people are polar opposites on everything. It is not going to be nicenice. Gary, i think keeping with the spirit of the season and be hopeful, maybe you could get on the same page here. Cant fault anyone for that. Get on the trump train. Get on the trump train. In the meantime democrats still a lot of soul searching going on, how is it they lost to donald trump . Did this democrat trying to unseat nancy pelosi next week just say it all . They feel like the Democratic Party has left them, that we dont care about them, that we dont talk about them. And the evidence is last tuesday where they left us in droves. Today on forbes on fox, the federal tax code is huge and president elect and republican lawmakers want to cut it down so size. But could their plan get stuck in the swamp of washington lobbyists . Plus, what the president is trying to do with the iran no k come on, wake up come on, why ya sleepin . Come on what time is it . Its go time. Come on. Lets go, lets go, lets go. Woooo hoooo yeah i feel like i went to bed an hour ago. Ill make the cocoa. Get a great offer on the car of your grownup dreams at the mercedesbenz winter event. Its the look on their faces that make it all worthwhile. 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Now, back to cavuto on business. How many seats do we have to lose before we have to make a change . Because weve lost 68 since 2010. Were the smallest number for our caucus since 1929. We also got to talk to working class people, neil, that dont want to learn how to run a computer. They want to run a backhoe. These men and women who take showers after work. Those are the people that were missing. I always liked that line, take showers after work. Its a very good line. All right, well, are you sick and tired of following the leader . Tim ryan is trying to unseat the leader, as in nancy pelosi, that vote is set for wednesday. Its an uphill battle to be sure. Gary, though, this does seem to be a changing of the guard or at least an intent on the part of some rebellious frustrated younger members to say weve had it with the guard. What do you make of whats going on . Well, look, my man Albert Einstein once said if you keep doing the same things over and over again expecting different results, youre insane. But then again he never combed his hair, did he . And look, this is not just about the presidency, this is about governorship, state, local theyre getting destroy ted. Its because their policies continue to be more government, less for the people. And basically the country has said enoughs enough. So let them keep doing the same thing and, guess what, theyre going to be in the desert for a very, very long time. I think he is going to secure himself a role in the house leadership. I dont think hell topple her, but i think hell send a message. This is what they always do, they widen the leadership, like 400 members. Yeah, look at chuck schumer. Right. Ten people on his Senate Leadership team. More than we have senators. So my point is that there is a way to sort of satisfy that base without it disrupting. But weve learned from the tea party they can get loud and angry. Thats really what the Democratic Party has to do if theyre going to sort of service that authenticity and that Bernie Sanders wing that has been begging for more. And the elitist progressives havent even been doing that. Nancy pelosi rules with a fist that is both iron and ham. And im shocked that shes still in power. And its taken this long for someone to really make a legitimate charge at her reign. You know, theyve had losing election after losing election. They did not expect to lose the presidency. They expected to gain the senate. But theyre dismissing that. Look at whats happening with the state houses across the country . I hear you. But theyre dismissing that saying the candidate, Hillary Clinton won the popular vote, whats all this pent up demand . This gentleman, mr. Ryan, who i dont really know much about but i know what hes talking about. Hes not talking about Bernie Sanders. Thats showing kind of a coastal arrogance. No, no. Let me finish what im saying. Been unserviced by the Democratic Party. Hes talking about the White Working Class which has completely abandoned the Democratic Party that put trump in office. And we should point out Democratic Party politics policies for many years have marginalized the White Working Class. Its run by nancy pelosi you know shes 76 years old . Looks great. So the Republican Leadership is like 30 years younger. Neil, think about this. And Ruth Bader Ginsburg still twice as old as both of them. This is why trump went there and why he won, he got white middle class workers thats why she lost the significant primary to Bernie Sanders, thats exactly who Bernie Sanders why did she lose to trump . Were saying the same thing, charlie. I love when you get in a bundle about our agreement. Love, love, love, love, love. I want to bring adam in to this. Adam, what do you think . I dont know. The image of his undies in a bundle, its hard to move past that. She brought it up, adam, dont this is quite appropriately about rhetoric. I mean, i also thought that line was great, neil, these people take showers after work. Hes saying were not talking to those people. Its hard to argue with him. Hes completely wrig lly right. This is whats great about elections in a democracy. Do you think nancy pelosi has failed . Yes. Yes. Yes. Yes. Yes. She lost seats, yes, of course. Okay. Charles payne. I think to kennedys point almost everyones saying the same thing. The undies . Its not rhetoric. Its solutions. Right. People have frustrations, particul particularly White Working Class people became an unseen minority in their country, their wages havent moved for the most part maybe down the last decade or so and solutions are you can pull yourself up by the boot straps, hence the shower after work, or you can allow government, big brother, to redistribute wealth and create a welfare state around you. They reject that. Thats why nancy pelosi is the worst, absolute worst thing they could do. Its identity politics. Bernie sanders amen. He mentioned it, but he didnt run on it. But you still have to have a solution that i mean, it doesnt have to be about gender or race because but the democrats made it. You could be generals kids, come to the u. S. And get affirmative action benefits a. White working class guy says what is that all about . But, charles, but were going to bring jobs back isnt a solution either. You know were not going to bring those jobs back. So thats just rhetoric. To your point adam, adam thats not rhetoric. Its not rhetoric, its a goal. Yes. Hes outlining a goal. And hes saying im going to be able to achieve this and the American Public said, good, were going to give yo a chance to do it. Thats how it works, democrats have to be better at that. Gary, final word. The answer is not higher taxes, more regulations, it is the opposite. It is about time it gets the we the people, not we the washington, d. C. , and the people have spoken. Well put. Well put. Thats why the markets are respondsing the way they are. So true. Because of why . Because of tax cuts and meanwhile, president elect donald trump about to get hit with another debt crisis, charlie on a your Insurance Company wont replace the full value of your totaled new car. The guy says, you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With new car replacement™, well replace the full value of your car plus depreciation. Liberty mutual insurance. 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Com know better sleep with sleep number. Soon after the swearing in President Trump may find himself swearing about another crisis, student loan debt. 11 of that is default. Student Services Companies could default. This could fall on someone. Its going to fall on the taxpayers. I think the scarey number beyond 11 , think about the mortgage crisis. I believe mortgages were 8 in default, right . So were talking 11 default. There were countless trillions of all that garbage during the financial crisis. Gary came up with this statistic the other day. 40 is in delinquent. This thing is the train is coming down the tracks. What happens . Lets say donald trump has to deal with that on his watch because everyones imploding here on it. Does he rescue . All i can tell you, if the trajectory is not changed, its going to be on the taxpayers head again. I dont blame the students. Why not let him rest . I think you should leave it be and let this thing get paid down, but the problem is you keep having tuition go higher and higher because you enable these colleges to raise them left and right and never stop. Until that trajectory changes again were going to be in the soup and somebodys going to pay. You could make a statement whatever may be huge and profound, you let it happen. I do think you let it happen. I was one of those people in 2008 who said that theres no such thing as too big to fail and weve gotten so dependent on government we no longer allow Market Forces act the way theyre supposed to and we shouldnt be encouraging people to go to college for 60,000 a year for a degree thats never going to materialize into anything, but parents and administrations grow, the cost of tuition grows and its a cartel. The cycle is unbroken and were allowing it. Much higher percentage going to college debt than we were kids, right . Theres no doubt. Lets not forget that barack obama pushed out the middleman. Donald trump has to bring back the private sector and secondly its going to have to save it even though he probably shouldnt. What happens then . He absolutely will rescue these debt holders. He wont let them go down. Well see. All right. In the meantime, i want to thank kennedy and charlie. The market is on a tear this week constantly hitting new highs. How our guys have the names that when heartburn hits, fight back fast with tums smoothies. It starts dissolving the instant it touches your tongue. And neutralizes stomach acid at the source. Tum tum tum tum smoothies only from tums [vo] is it a force of nature . Or a sales event . The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. Stocks set to rocket higher. What do you have. I think theres going to be doubles in one year. Adam . Xls especially as rates rise. Thats an interesting pick. Gary. Federal express leverage to the economy. At economy gets stronger its going to do well. It has good numbers. I guess you guys expect it to pick up. We continue. You ar are watching the place f business. Simplifying the nearly 75,000 pages of the federal tax code, could it happen. Republican Lawmakers Said to be hoping to do it with soon to be president donald trump, but will washington lobbyists mess it up . Lets go in focus to find out with elizabeth mcdonald, steve forbes and former economic adviser to president obama austin. Steve, these lobbyists have spent decades getting their special deals. Theyre not going to give up easily. No, theyre not. Thats why trump has to move