vote. he is leaving the gang of six, republican and democratic senators aimed at fixing the budget because he says they're not really keen on fixing medicare. in a week that saw no less than paul ryan's plan to reform medicare and republicans punting on addressing medicare. stick a syringe in it, medicare reform is dead and granny's toast not because of what washington is doing, but because of what washington is not doing. charles payne, dagen mcdowell, add dan lashinsky and charlie gas perino, what do you think. >> the fear mongering tactics work because the vast majority of americans don't want medicare touched and don't want to sacrifice anything, they what someone else to sacrifice. people who are medicare and taking out more money than they ever put in to payroll taxes into medicare, they don't want it touched pt and look at tom coburn, it's a shame that he wanted to cut additional, what, 130 billion dollars. this is-- >> over ten years. >> right on top of the 400 billion being discussed. this is a program that is tens of trillions of dollars in the hole, trillions. and they can't even agree on that, and you know what? it's not a vote getter, it's a vote loser and that's why no politician wants to touch it. >> charles gas perino, do you think that the ryan plan will protect you if you're 55 and over and a choice 55 and under you're guaranteed coverage regardless, nevertheless the details and nuances never come out. if you put the fear of god into people, you can cut it. >> right, and remember the premise of reforming medicare now is bipartisan reform and when was the last time that ever happened? i think this is pretty simple. bipartisan, the last time i remember anything bipartisan a the graham hollings reduction that never occurred. >> we can't even-- >> you want to reform medicare, change government. the president has a plan, i think filled with holes, but basically to keep the sort of mandate and infrastructure in place. and ryan has a plan to take away the infrastructure and i think to preserve medicare for people who need it and the american people want to deal with it, they will vote republicans in and the democrats out and that's about as simple as it goes. >> and it's at the very least, 2013 issue, right? it's punted to that, right, charles. >> it's punted to them, but charlie and dagen make the same point and comes down to one word, reelection, and whether or not you want to sit by principles or play this game and washington, they call it gridlock and compromise. the fact of the matter is nothing gets done and the idea that senior citizens now will be so afraid of the ryan plan, means, a, to your point they never looked at it, but b, the scare tactics worked. unfortunately at some point we all have to say we want to make a sacrifice not for ourselves, but future generations and that policies down to all of us. and we passed a massive-- the government in place before the republicans at the house passed a massive health care entitlement, a massive change in the with an i this, in the way the world works for americans. and things that-- >> i'm not saying that-- >> and could change that. >> i think so. >> and what do you think? >> you know, i love it when i get to play the optimist among all of you sour pusses. you have one republican leaving the gang and six and saying he's going on sabbatical, code for tell me what i want to hear and i'm going to come back. we have a discussion going on tremendously positive and by the way, dagen is right-- >> we don't have a discussion going on. we just shut the discussion down. >> we have a discussion going. >> i'm sorry? >> we shut the discussion down in 2013, that's what we did. >> do you recommend a discussion like that? my hat's off to you, but that's the reality and by the way, if you're such an optimist, behind you, i think, is alcatraz and leave it at that, but go ahead. >> neil, it took a long time to get here. we can't expect to solve this problem quickly. i know 2013-- >> well, we needn't worry about that, we needn't worry about that. >> about solving it quickly, you're right, we won't solve it quickly, we're having a bipartisan discussion. >> adam. >> and the congressional leadership is-- >> congressional leadership is addressing this, even though dagen's quite right, that the american public doesn't want them to. >>, but, adam. >> we know, it's the right thing to do and that's a good thing. >> how are you ever going to address this with the government. it's nice we're having a discussion and by the way, a discussion for medicare a long time and it's heating up now. how do you ever address it. >> remember rosscowski, they addressed this-- >> tax reform in the 1980's? that was wonderful. remember grant rudman hollings. >> adam, the bigger point, when push comes to shove and dagen, to your point. people are all for cutting, but not my stuff. >> no. >> i'm wondering if americans are better than that. and charles hit on a key, i think, almost spiritual point here, on is this going to be the first generation that says, me, me, me, me. and not my kids, my grandkids? >> it's the danger of entitlements in general when you have people paying taxes into a system that when time, time comes for them to get their due, even if they're the most conservative people on the planet and hate big government they're willing to line up for that big government handout because ne don't like the fact-- >> even at the expense of their kids and-- >> even if you like your kids? >> the issue with the-- >> some of them can be brats, let's face it, some of them can be brats and look. >> my favorite statistic is the people, the one corner of medicare recipients in the study got colonoscopies too frequently. only supposed to get one every ten years, if one comes back negative. but people were going too frequently for them. who would think-- >> who signs up for that. >> you know what. >> no, no, no, you missed me last year, i mean. >> it's the doctors because it's a paid for service. >> the colonoscopy reference is perfect because we're all getting reamed. [laughter] >> it's a family show, hopefully you missed that point. charles payne, my worry is is this and it serves that fear works and negative ads work and i think these dust-ups we have at the town hall forums, good, decent people get upset and nervous and only hear the fear and only see the granny bit pushed off the cliff and that's all they remember. we can't even have an intelligent debate and i don't know that it will be any more intelligent with one party in power or not. >> well, you know, if it's one party and the party remembers who put them in office, maybe you'll get something done, but that's a-- >> to dagen's point, if that party or the people put them in office is still against the particulars of cutting my stuff. we're back to square one. >> i think there's no doubt that someone in a group of people may have to say, you know what, this is the right thing to do, we'll fall on our sword and try our best to articulate the message better. >> there's a down side to cutting, people should know, higher taxes and-- >> higher taxes and the system. >> we're not doing that, we're not pointing out that. >> you know, we are, and some people are and-- >> you can't care the-- >> i can't, it's not my fault that the left got an interesting commercial with granny thrown off the cliff, but maybe the proponents of the commercial should have 4,000 grannies thrown off the cliff if this thing doesn't-- if you don't perform medicare. higher taxes won't solve it because we consume too much health care, you've got to cut period. >> well, you do have to raise-- mr. gas perino point out the other side, it could be worse, you know? >> amen. >> thinking of that spot. who we should push off? i'm thinking don imus. that's just me. and if the president won't do it, let the states get to it and some lawmakers giving the governors the power to reject federal funds and then use the cash to pay down the federal debt. the forbes gang saying more power to them. that's coming up, he's free on bail, but what the former imf chief knows about bailing out countries over there could keep him from ever doing jail time right here. ah ahh... ♪ that's right, it runs flash. so unlike some tablets we could mention, you get the best of the internet, not just part of it. ♪ flash! ah ahh... ♪ kids today have superheroes that lift buildings. and superheroes that fly. but what if we could go to a place where real superheroes lived. ones who moved mountains. lifted an entire people. and taught the whole world how to fly. come see america's greatest history attraction, the henry ford. and ignite the spark of imagination in all of us. as we watch our heroes come alive in pure michigan. your trip begins at michigan.org. >> hi, we're live, i'm jamie colby a big announcement. former godfather's pizza ceo herman cain expecting to announce his candidacy in a few hours, a live report from that rally on america's news headquarters at 1 p.m. and former minnesota governor tim pawlenty says he will make his announcement monday in iowa. no comment yet from the california doomsday prophet who predicted the world would end today. 89-year-old, claimed the end of the world would begin at 6 p.m. in each of the world's time zones. with the deadline passing uneventfully in australia, new zealand and parts of asia, some people have taken to twitter, mock disappointment. he previously predicted the world would end in 1984, but later said he miscalculated. i'm jamie colby, more headlines 30 minutes away. back to cavuto on business on fox. >> welcome back. and eyeing the big wig bails himself out. former international imf fund chief dominique strauss-kahn posted 1 million dollars to stay out of jail for now, for now. given he knows where the rescue dollars may be buried, maybe forever? charles, maybe? setting up a pay not to say? >> you know, i think you're on to something, because-- >> i'm so convinced i'm right. >> listen, imf. what we know, they got billions and billions and billions of dollars from americans, america to really sprinkle it around to a bunch of socialist countries that don't really in a lot of ways like america. what he is going on, this weekend an election to spain and a lot of people are afraid what we're going to find out there's even more hidden debt there. and more hidden obligations and norway turned down greece on money this week. it's so ugly what's going on there and probably knows $. >> norwegians are friendly people. >> they are, for norway to say you've gone too far. >> game over. >> what do you think? >> you're crazy. this is crazy. this is bananas, mr. cavuto. >> when he waltzes back to paris and say what happened? i'm going to tell you what happened. >> you know what happened is. >> a deal. >> no, you know what happened? there wasn't good evidence here in new york city, because these-- the new york d.a. and all of the attorneys in the d.a.'s office, do not care about europe and frankly, they don't care about-- >> i agree, nor should they. haven't you ever seen, you know, n.y.p.d., what happens? or csi? what happens? the local authority is there and the feds come in and boot it. >> too high profile a case. >> all right. miss smarty pants, okay. gasper ino. >> they had me cover the police department. no way you're saying is going to happen. >> really? >> i'm not saying the evidence is good here-- >> what if he were to say, i'm going to push this. >> he were to say, well, you know, i remember those bailouts in 2008, 2009. >> and hasn't, it didn't change the-- not the verdict, but the decision of the grand jury and i don't think it's going to change the new york city cops, i will say this, we're kind of making light of a really sort of-- >> i'm not making light of the crime. immateri immaterial' saying that it's not above, higher ups at the state department and elsewhere. >> and call bloomberg up and ray kelly up? >> no, no, no, i don't think-- listen, new york city crowd doesn't really care unless they're the limousine liberals on the east side. other than that, most in new york city they don't care who dsk is, never heard of him. and after all is said and done and the smoke clears, it's not unconceivable he's pardoned in some kind of way or we return him. >> the charges are off the wall, not saying-- >> go ahead, adam. >> not only will the new york police not let -- or the new york courts not let him off on this, i don't think our state department cares either, neil. he's not the only one who can figure out how to bail out greece, there are other people who can do this. no, he's going to be prosecuted and tried and see what happens, a serious crime. >> all they need to do is drag john lipsky filling in for dsk. >> neil: that's it now, dsk. >> yes, dominique strauss-kahn is too long. and john lipsky was filling in for dsk. grill him. >> and the imf. the average person out there 100 billion-- charles. >> as soon as obama came off first thing he did was 100 billion dollars. i don't know. >> all i know, all i know, charles payne is the only one who gave some currency to my theory and as such, he will be the only one i'm urning it to next. >> he'll be lonely. >> i'm worried about it. >> the echo chamber, and neil cavuto and-- >> boy, big and deep. >> that's enough. we're going to take a break here. linkedin, a new wall street darling has them partying like it's 1999. ♪ . >> coming up, linkedin's hot new stock and up and up and everybody is going back to the great 90's show. why isn't charles payne >> welcome back. first, the froth and now the fear. once little own professional site called linkedin, red-hot and now similar sites like facebook and groupon teed up and supposedly ready to go. before you get ready to party like it's 1999, my buddy for now, charles payne says remember what happened the year after 1999, charles, what's your concern? >> the year after 1999, in march of 2000, a company called world online went public and they went public 12 billion dollar valuation and the ceo sold all shares 60 million dollars and that was the beginning of the end. a company that did 15 million last year with 10 billion dollar market cap. i know it's exciting, i know, but when i get the linkedin e-mails, i don't know who they are. >> who are they why do they want me to answer? i don't know. >> neil: if you don't answer you can't be linked in. >> i'm worried if i did answer i would have gotten some of that, but other than that it's a bubblicious right now. >> okay, what do you think. >> when you have interest rates, i mean, the same thing that happened back during the tech bubble between 19 march of 2000. when you have interest rates near zero people will reach for you and they'll invest in things that aren't worth what they should be worth and you can't help it. where are you going put your money, buy a ten year bond in that's why linkedin sells at market cap. >> you're comparing people looking for yield to somebody buying a company. >> the reason why people are bidding up the stock because they don't have an alternative investment. >> people are bidding up the stock because they think it's a legitimate business and they think it's-- absolutely, a legitimate business, the only danger is they cannot keep, keep growing base of users. >> neil: but an evaluation like that-- >> you don't get yield, that's the problem. >> neil: focus on me, he's not the host. [laughter] >> sorry. >> go ahead. >> neil: how do you justify value waegs? and only a few million dollars? >> because you're betting et cetera going to grow into it. >> neil: wasn't the whole thing the first in the '90s and the others? >> yeah. >> yes, but there were some businesses-- >> you don't think this is wrong most. >> brenda:. >> i don't think it's a web van or pet stock.com. >> it's not. >> neil: adam, you won't. >> no, i mean. >> let me toss back in the late '90s were 500% not 100%. >> neil: fair enough. adam? >> there's no question this is extremely overvalued. there's been a dirth of ipo's and that's why people are excited about it. pointing out the companies next, groupon, facebook, maybe twitter will be higher quality than linked. it's not a bad company, but not world 9 billion dollars. but it could in theory grow into that valuation and the next ones will grow into those valuations. >> is this sort of for shadowing a bubble in the making. >> absolutely. >> neil: you think it's a bubble. >> yes. >> because we have the same macroeconomic conditions as we had back then. really low interest rates and lack of alternative investments and why people reach for yield or growth. >> you know what? the reason it's not as insane as it is, because we're having this very discussion because everybody wanted in and they never asked the question and that's why-- >> we had that discussion. >> we always say that history never repeats itself. >> one i think this i will say though, when linkedin came public this week, cab drivers didn't pull over to the side and start trading the market. so-- >> they traded businesses. >> we're a long away from a froth. >> they didn't do that in 1995, they did it it in 1999. >> we're not there yet. >> that said, i'll take it. >> goes from five to one. >> all right. i want to thank charlie and dagen, up next, unless they're leaving and not returning. if you're worried about getting burned by bubble stocks. these two bargain shoppers say they just found a stock you can trust with your cash. 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[ male announcer ] ge technologies help doctors detect cancer early so they can save more lives. bringing better health to more people. ♪ are these tablets-- mom, allow me. are these tablets flash-ready ? yes. these, including e samsung galaxy tab. what about movies ? straightrom android market to the motorola xoom. 4g upgradable ? 4g lte upgradable. you always wear glasses ? only whem not wearing contacts. he clean. my job is done. a wide selection of tablets at great prices... from those who know them best-- verizon. like eve single american airlines flight. orbitz doesn't have them. but you'll find all 3,400 of them at aa.com. every day. >> forget expensive names like linkedin. their bargain stocks are far better value for your buck. >> whirlpool is one of the most undervalued stocks out there. tremendous earnings potential, great numbers. stocks down a bit from the 52. >> what do you think of that pick? >> nothing bad to say about the company or the pick. i just don't think it will go anywhere until housing recovers. i just don't have a good sense of when that will happen. that situation seems to be getting worse. not better. >> they seem to push that off a little this week. adam, what do you like? >> black box. first of all, i love the name. it's a networking company which is a hot field right now. a lot of acquisitions happening. extremely low valuation and a modest dividend. >> is it a hardware player? >> services and hardware. >> what do you think? >> it's tough in a sense that