cavuto and the president taking to the road as the poll numbers take to the bus store and the prospect for fixing our financial met is remote. and talk that the white house is preparing a "department of jobs." melding the commerce and office of u.s. trade representative to create an agency whose job is, well, jobs. conservative columnist calls hit a "piece of work e >>guest: i'm not bying it unless he created a department of jobs because he relies he will be in need of one and he will be first in line in the long lined of unemployed. i know you are familiar with a book written called "the peter principle," and it argues you can always tell when a person has reached their level of incompetence because they move around deck chairs on the titanic. >>neil: be careful, i built a career on that. i look at what he is doing and the idea of a federal agency, we have seen it before, and little avail. >>guest: that is all that liberals necessity how to do is grow government and spend other people's money and we have seen this. president obama is not new at this, and jimmy carter, we had an energy crisis and he built a department of energy. we had an education crisis, he built the department of education, and, look where we are today now we is an economic crisis and president obama thinks he can move around the deck chairs and build new government departments. what we need is to limit the role of government. he needs to overturn obamacare and move the economy, to help. >>neil: one day does not make a trend, we have had a few days of trends with the world stabilizing and the department notwithstanding that it$' is looking to create. do you think he might be thinking, i'm over the worst of it and i can go back do my sort of d.n.a. here where i am proposing a bigger government solution and a cabinet-level department solution and it won't get me in trouble. >>guest: well, we know that he believes in big government and he wants to stimulate, again, with other people's money. the market is resilient and it is going to go up and down outside of obama's attack against the agree market and capitalism. growing government will not work this time the way it hasn't worked in the past. >>neil: are cabinet agencies in general, under republican presidents or democratic presidents, some have outserved their usefulness and whether this push regardless of whether the president is re-elected or a new president comes in, whether we have to relock at this whole sort of cabinet time. >>guest: that is why they should not have increased the debt limit. what we should have done was looked at the departments such as commerce in this case, and many of the other wasteful efforts in washington, and start peeling back. this super committee is not going to do that. they will not be able to find the $1.5 trillion allowing the obama administration to begin the slowing of government. they have outlived their usefulness, many places washington. >>neil: thank you, we will watch closely. star parker, thank you. meanwhile is the president's bus tour avoiding spots with high unemployment rates. it sure seems that way, and henry is traveling with the president. first of all, ed, for the towns the president is visiting are not accident am. is there a common theme with them? >>guest: well, we have just left minnesota, literally and crossing now into iowa and going to a second townhall in iowa and you see the congressional district, it is friendly territory. and you look at the numbers on the screen, clearly unemployment rate did better here than it is nationally. far below the 9.1 national average we see, and, still, what that means, we saw at the first townhall the president was not really responding to angry voters. we hear about the folks that are angry about jobs and the economy, and the debt ceiling, and so we had one person saying, look, we should not be cutting the deficit on the backs of the middle class and the poor and we ought to go after the millionaires and billionaires and the president said, i could not agree more, and then another opinion said, similar, people who are -- the bottom line is they are saying these are official events not campaign events but it feels like a campaign. (inaudible) they are bringing up the sound tracks with the same songs and the buts rolling through the counties. and the president is trying to give a message that includes not engaging the republican presidential candidates, whether it is rick perry or michele bachmann. instead, he is beating up on the republican congress. we saw him do that last thursday and baying i have done all the things they want to bring up including the federal tax cut and other things he believes would help out, and he believed they have been stymied by republicans. >>neil: you talk about the do nothing congress, half of it is in his party's hand so does it backfire? >>reporter: you are right it certainly is more difficult for the budget when you have a split in the senate. but i was talking to one of president's top aides and what they said a little while ago look at the fox news poll last week, and it had an approval rating for congress at 10 percent. that is pitiful. the president's numbers are bad, look at the approval under 40 percent, for the first time. his are bad but congress is worse. so there is potential backfire, and he specifically is targeting the republicans saying, look, if you give me more democrats, he believed he will get more through the congress. but with his numbers, a lot of folks are concerned about that. (inaudible) >>neil: it worked for truman. if wall street is worried, they have a funny way of showing it with stocks coming back 214 on the dow. are we misreading it? we will have a market whiz kid. matt you said you were busy buying through this drought. for how long? >>guest: it will last for quite some time. because it is a come back. the bounce back we have seen. if you look at what happened, why the market fell apart it was a perfect storm, everything with the debt, the downgrade, and things going on in europe and what came back to the terminology of the people, is double dip. everyone thought we were going back into another recession with g.o.p. coming down, the growth of the nation and we priced in the double dip in a matter of a week, the market was crushed. now, suddenly, we are seeing the economic numbers are not good. i cannot paint a rosie picture but they are not horrible and people are thinking we are not in a double dip so we will pick up stocks that are historically very cheap. >>neil: the economic numbers indicate the opposite. >>guest: some of the numbers point to a double dip and i believe it is only 5 percent and i am in a catch by myself. >>neil: a slow down? >>guest: we can do a slow down. we are coming out of the worst recession we have seen in a decade, so we had accelerated growth based on a government pumping it full of money. and that money is not there. it comes in the private sector and we must create the growth in our country and we are back to normal growth between 1 percent and 2 percent. that is not great but enough to keep us out of the recession much the big wild card is going to be unemployment. if people do not get back to work where is the demand for goods? that is the wild card for me. we can rally the stock market for a few months but if unemployment is above 9 percent we do not have enough people do buy the products and we have a slow dawn. >>neil: and we have a banking contagion still not contained and trying to be on top of it, something to protect in case everything hits the fan. >>guest: there is that possibility but i look at europe versus the united states and europe is in better shape. they know what is going on. it is on the table. >>neil: their politicians resist it. >>guest: the reality is austerity. you have to stop spending. >>neil: but they don't. >>guest: they don't like that but we have to go that route and they will, and europe will be taken care of. >>neil: you are bullish? >>guest: you look where the stock market closed we are better than last friday's close so if you fell asleep for eight or nine days you would have no idea what laps last week and saved yourself 20 packs of rolaids. >>neil: put the squeeze on government and you squeeze out more jobs. does the c.e.o. of hines -- heinz like that? stay tuned. 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one of the center pieces of the governor's campaign is, get the regulation off your back, for six months, and let guys have it. would it work? >>guest: i think it might work but the good news about governor perry he went to texas a&m and did not go to an ivy league school so he brings common sense from the heart land of the country and this is in doubt that a lack of certainty right now, the lack of confidence, a lack of leadership and the lack of clarity has created conditions of instability and business simply is not going to invest with instability around them so what he would do is get things calmed down and give us a stable environment from which to go forth. >>neil: he talked regulation first before he could touch on taxes and regulation is something by executive order you could waive. but you would still have the regulations later and i imagine if they are violated in the interim they are still going to be penalized after. what does the prove? >>guest: it is not the fact there is regulation but the uncertainty is caused by regulation that is unknown at this time by the regulatory environment that continues to evolve and change and it is not predictable so you have an unpredictable environment you do what people do: you pull in your manners and continue to play it safe and that is really what the governor is talking about. >>neil: how does it change your strategy? it is not as if business stops, you are growing nicely particularly abroad with what take overs they have been announced, they are abroad and it is not as if you are not glowing you are choosing your plays for return elsewhere. >>guest: we are opening a new factory in south carolina so we invest where we think we will get maximum return. >>neil: what if the nlrb u.k. -- succeeds in going after boeing? >>guest: not in south carolina but when there is uncertainty people do not put capital to work so we have put capital to work in environments where we have a significant view of the future and where we see clearly what is going to happen. in our case it has been brazil and china. but we are not averse to investing in the united states and we will add employment here and around the world. but it is the uncertainty regarding the regulatory environment and what is coming down great washington that makes us very reluctant to commit too much in terms of capital in the markets. >>neil: if the president offered you a quid pro quo, by this, i mean, we know you are sitting on a lost money offshore and you do not want to be penalized at 35 percent to bring it back, because it is taxed again, get rid of that, but, but, but, you have to hire folks would you accept that tax? >>guest: no. the reason i wouldn't it doesn't deal with the structural issue. the initiative dozen not create the kind of changes you need to create investment conditions that are conduce ever. i would lick for structural change to allow us to know the future, clear up the lack of confidence and give us a stable base to invest. >>neil: do you fine the world environment more skittish now? the come back today notwithstanding? the come back we have seen thursday and friday in the markets notwithstanding, do you buy the come back the last three days? or do you remember the last three weeks? what is on your mind? >>guest: well, i don't view the world from the market perspective i view it from the consumer perspective. and the consumer, clearly, they are in a period of angst, and anxious, and not certain what will happen. and consumer confidence in the united states hit a three decade low on friday. so, i view the world from the consumer perspective and to the consumer in the western markets and the united states, we never came out of recession, there is lack of certainty in their lives, and what they have done is do what all of us do, saving money, increased saving rate of 5 percent or 6 percent and not buying or investing. >>neil: but they are buying your stuff. many can argue they need food, that is a stay people and they need the stuff you make, the basic stuff that people make. >>guest: and we make their food better by putting ketchup on food. >>neil: and when you are bleeding a lot of red ink it is a metaphor. but does that go, too, things get tight and people are concerned about their job prospect the buy the store brand and not the heinz brand and you have a "pickle." >>guest: well, we don't have a pickle because we make relish, people will put heinz catch yell on the table and french fries on the plate so as long as we create value for the consumer they will stay with our brand. look at the interesting bifurcation in the grocery store, people buy expensive things if it creates value or where they think there is no value added, they will go to the store brand. we will continue to differentiate us. >>neil: buying back any of your stock? >>guest: no, we continue to pay a nice dividend and we continue to invest in the future of this company. it has around 142 years and i hope it is around another 142 years. >>neil: thank you from pittsburgh, c.e.o. of heinz. next time harry is in a hurry to dismiss the tea party why he might want to think again. ÷ >>neil: harry, you cannot be real, again, railing against the tea party, with a new twist. tea partyers are twisting in the wind and now they are dying, too. which is new to my next guest would says anyone watching this past weekend iowa event might beg to differ. with me is tea party pioneer. he has essentially saying, jennifer, the tea party is gasping and you will lose seat specifically the result of a terrible economy, and i said that many times and i believe that the tea party will loose -- lows a number seats. >>guest: he is so out of touch he does not realize it is still a terrible economy. if this was the impetus for moving forward, it is a terrible economy. we are at 9 percent unemployment. people cannot feed their families. we are struggling. we get downgraded. what part of that is this guy missing? >>neil: i can see where it is going. i have heard it from the president and the democrats if the argument is, if you cannot beat them, try to blame them everything wrong, the global market meltdown last week. so then he should credit you when the markets come back up, but, do you feel a little like custer now? >>guest: like you should call me because i can tell you we are getting hoffa, where he is buried. all evil conspiracy people, the stay-at-home moms. if harry reid and president obama cannot win on ideas, they have had zero success at making anything better and 100 percent success making it worse. when do you that, you destroy other people. you tear them down. you mock them and the media is complicity. you cannot hear a voice like minor anyone else in the movement because they don't want, they want to help them more tray the message. these people are the worst of the worst, it is underhanded nonsense. >>neil: they might try to be saying you are dividers, you are dividing the republican party and you are mad at republicans, and the tea partyers are torpedoing the republicans. what do you say to that? >>guest: well, two things: the congress approval rating by americans is below 19 percent, which is below cockroaches. they are not popular regardless of party. so, a last people are angry at congress. number two, when i turn out the vote, as a community organizer, which i am, i'm not knocking on peoples doors saying i'm jennifer--. >>neil: you are a community organizer? >>guest: absolutely. community organizer. that is what i do with my free time when i am not raising kids. >>neil: anyone who you try to organize, their we leery of the tea party? ever run into people saying you guys have been pushing it too much? what? >>guest: people are, it is kind of a curiosity, what do you stand for which is why i tell fellow activists when you are door knocking don't say you are so and so with a tea party but say i am your neighbor, jennifer, and that helped me and thousands of others turn the vote out in 2010 and it will be again. why sit down in washington, dc. i stay far away i am at the kitchen table and can talk to my neighbors who are suffering regardless of political party. it is all one when you struggling to get by when the government fattens itself. >>neil: thank you, jennifer. rick perry bid was taken as a diss in iowa how is he being received there today? 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they are putting money on this and they look fore someone they think can win. what are the doubts about michele bachmann that might not be there for others? >>guest: i will tell you i handle 20 bundlers and the message i get, they really are look for a governor. they want someone that is managed a state. bachmann had good experience, being where she has been, she doesn't really have anything to go on as far as organizing something like that. when you are a governor you are dealing with government straight open. dealing with the whole state. dealing with a lot of problems that come your way, and although she is staying on message and they like that, a lot of my guys are looking at her as more of a v.p. slot. she is holding her on own and i like her but she is not grabbing people. i am talking to them. >>neil: isn't it fair that the bundlers especially in the republican party look to governors more than, especially, representatives or someone like a might be member -- someone like a michele bachmann? >>guest: they are, these are big time bundlers and this pushed obama over the edge with fundraising. he had the biggest liberals pumping so much cash into his campaign and they will do it again so this is why the bundler played such an important role in 2012 election. it will be, and, see, romney has a big jump start because he did a huge fundraiser and grabbed so many of the bundlers and now perry, who, by the way, has a lot of giuliani old campaign organizers, they have been on the warpath trying to get a lot of the bundlers to shake loose from romney and give cash to the perry group. so her challenge is, can she hour some of these her way? >>neil: interesting, noel. it turns out the super committee members in charge of making super cuts may have a super conflict of interest, all of them getting money from special interest groups in the last decade. and my reporter says that is the problem, and for republicans and democrats, on the committee. how so? >>reporter: absolutely, it is a problem for every politician in washington would has been here for any length of time. there was some data crunching and the biggest contributor for the 12 members of the committee and lo and behold i look at the list this morning what jumped out at me was the biggest special interest contributors were trial lawyers giving 96 percent of money to democrats. >>neil: the democrats will not want to, on the committee, would not want to go after trial lawyers. the republicans who were beneficiaries of a lot of money from defense interest, lockheed and some of the others they would be loathe to go after defense, so the argument goes. does it seem that way? >>guest: well, what i notice on the list that is a very effective analyst organization for campaign finance data what strikes me is the predominance of groups that mostly give campaign donations to democrats. there are a few on the list, including club for growth, that give to republicans. the problem is government is so big and in so many areas of the economy that if you are in business in america you have to have a lobbyist in this town if for no reason than as a defensive measure to protect your business. you will find the conflicts no matter who is on the super committee. because of this, i give it a two in ten chance of succeeding. >>neil: if you are right, because of the conflicts, then the automatic triggers would still go through. right? and those are calling for very big defense cuts which i imagine to the seven members who look to getting money from the defense contractorrors that is a catch 22. >>guest: i have been in washington long enough to remember the gramm-rudman triggers that congress found a way around. congress always find as way around especially a limit or ceiling or trigger that congress credited. they will find a way around this, too. >>neil: they can create. they can uncreate. well put, thank you very much. stay tuned. . ♪ [ slap! slap! slap! slap! slap! ] [ male announcer ] your favorite foods fighting you? 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i can see being disagreeable and hard charging and tough for a short time but i cannot imagine over the long haul that helps productivity if you are always badgering people. >>guest: i would not recommend constantly badgering people. that is true. we were only able to take snapshots from from different data sets including those who graduated from high school in the knew no's and those who graduated in the 1950s and we found the same effect regardless of the age we are dealing with here but we cannot track overtime so we could have just been catching people on a bad day. >>neil: what constitute as jerk? a boss who hollers and screams? or what? >>guest: well, it doesn't have to quite be so bad as that. we are talking about being more arrogant, self absorbed, more likely to be aggressive and step on people to get your way. a little bit rude, but not necessarily a bunch of outlander boors charging through the workplace but that would be considered, as well, in our data but i doubt many of them make it that far in business. >>neil: so c.e.o.'s by nature are wired differently because they are c.e.o.'s and very few of the average folks thing of getting to that level. but, those who is gotten do that level by nature are a little more hard charge asking more in your fates, and little bit more unwilling to accept foolish policies gladly so maybe what we interpret as a jerk is someone who is head strong to get results? >>guest: well, absolutely, there is a grain of truth to that and interestingly what we found this effect is true across all types of jobs whether ranging in status from dishwasher to c.e.o. and that is the most interesting part, we have the ideas as to what being a strong manager would be like if you closed director -- your eyes to think who is a strong manager but it occurs across all occupations and occurs cross all different types of able groups and types of jobs. >>neil: interesting because your study left out the fact that we have saints at fox news, so that defies conventional wisdom. very interesting. anyway, you lose, you lose, well, will the rioters kiss the benefits goodbye? plus a full serving of fruit. but it just tastes like fruit. [ male announcer ] get five dollars in money-saving coupons at v8juice.com. >>neil: david cameron is digging in as london is digging out after the riots showing support for a new push to take plush government benefits away from rioters especially those who destroyed a lot of property. and my guest is among a growing number who say if he wants to clean up the country he has to clean up the welfare system. and now, daniel from big brother watch. sir, that is what the prime minister is trying to do. and, give out punishment. how is that resonating? >>guest: resonating very well. a lot of british people have looked with shock and amazement and sadness on the riots the last weeks seeing our country under attack by some of the most vile criminal elements in our society and are look upon people and thinking these people, many of whom are living off the state should have their benefits taken away from them. we have in the u.k. an entitlement culture where many are living on social security and, frankly, if you violate society and attack people and our shops and our police, you should lose your benefits and lose your social security. >>neil: what about those who have been protesting? what is the reaction from them? >>guest: well, we have eastbound in the u.k. a lot of resistance to public spending cuts and as in the united states where people are being forced to cut down on what they spend the government is forced to cut down the money they are shelling out because we have more money going out than coming in and people are angry their social security is being taken away from them, and they are being forced to in some cases get a job for the first time in their likes and they are angry about that but that is absolutely has to happen. >>neil: it is true that numbers i hear this is a large percentage, certainly a large part of the protesters who have not worked, come from families that have not worked since the blair years; that true? >>guest: tony blair was first elected back in 1997 and what he did, the government, start add culture of claiming benefits and social security. what we need to do and we have had the government elected which is a coalition between a conservative party and a party which is liberal, and actually said it is time to stop the culture of dependency and make sure that people who have never worked but should work and are able to work, do actually get off the couch, get a job, and start paying their fair share. unfortunately, some people don't like that but it is time they paid their way. >>neil: we will want closely, thank you, daniel. when we come back, the rage. the sage. and the stooge. everything they are saying confirms this much: we are screwed. , maybe. . anncr: get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. excuse me? my grandfather was born in this village. 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[ male announcer ] it's the at&t network. and what's possible in here is almost impossible to say. whether it can be done safely and responsibly. at exxonmobil we know the answer is yes. when we design any well, the groundwater's protected by multiple layers of steel and cement. most wells are over a mile and a half deep so there's a tremendous amount of protective rock between the fracking operation and the groundwater. natural gas is critical to our future. at exxonmobil we recognize the challenges and how important it is to do this right. >> neil: all right. everyone is happy. market tying it back to usual. a nice run-up today. surprise business as usual. considering we melted down in the past few weeks, very unusual. it's almost as if the world market never gyrated it all. like a weird "dwigh "twilight z" episode where people go on with their lives as routine. president in minnesota and iowa talking up jobs, not getting them. harry reid talking down the tea partiers but not getting them. warren buffett writing how the rich should pay more taxes but not saying a word about half of the american households that pay no income taxes at all. washington politicians should get on the stick and won't. vacations that still should be cut short but can't. the markets weren't the only thing fried this month. so were a lot of the guys' brains. after the meltdown, still meathead. more initiatives when we should be focusing on an initiative to stop initiatives a more class wa warfare from affable billionaire to stop assuming that the rich are all billionaires. no one is acknowledging that what is broke in the crisis isn't just trading but trust. folks don't trust leaders who say the same thing and do nothing. who refuse to see they got us in the hole but don't have the decency to put down the darn shovel or happily pay more for the shovel. the billionaire attacked a rich chestnut that isn't the issue. the problem isn't with the government and who should pay for it. but seeing the government for what it is, a costly lemon and no one rich or poor should pay more for it. you would think the terrifying ride would rip all the talking points but you realize that is the point. they have no point. same bull, different day. i know one of them is a sage. why do i think they're all just playing up like a stooge? believe me, i would happily like to think we're out of the woods. but what started all of this is too much money going out, not enough money coming in. too much bureaucracy entrenched. not enough leading politicians with the guts to pick it up. which is what we're exploring tonight on fbn, 6:00 p.m company was one of the first to go down in the financial