want somebody 65 years old to run and save new a burning building. juan: jonathan, i want you to respond he says it s personal. he says it s you, a hedge fund manager who crashedz that was me, juan. juan, you didn t understand that was me alone. jonathan hoenig capitalist pig. in stockton it was city officials who made the unreal his expectations. in fact, spend public money on arena. spend public money non-privatizing the developing downtown. they made outrageous promises to pensioners that couldn t be met. juan: here is the heart and soul of what i heard a moment ago from mark though. he says his parents are hard working people who made a deal with the government and part of that deal was that they would get a pension. it lavish pension some politicians sign on the line to give them the pension. why would you hold those people blame for this crash in
glad you re up. occupy wall street protesters have spent months railing against crony capitalism claiming the divide between rich and poor should be stamped out. 40% of americans view capitalism negatively. that was at the end of 2011, last week, compared to 37% in early 2010. here to weigh in is financial analyst and portfolio manager of capitalist pig hedge fund jonathan honning joining us from the beautiful town of chicago. good morning to you, jonathan. happy new year. fo good morning. this is kind of sad that only 6 in 10 see socialism as a bad thing and capitalism is on the way out. yeah. it s sad, steve, it s disgusting i think more than anything
glad you re up. occupy wall street protesters have spent months railing against crony capitalism claiming the divide between rich and poor should be stamped out. 40% of americans view capitalism negatively. that was at the end of 2011, last week, compared to 37% in early 2010. here to weigh in is financial analyst and portfolio manager of capitalist pig hedge fund jonathan honning joining us from the beautiful town of chicago. good morning to you, jonathan. happy new year. fo good morning. this is kind of sad that only 6 in 10 see socialism as a bad thing and capitalism is on the way out. yeah. it s sad, steve, it s disgusting i think more than anything especially among the occupy wall street goons, in my opinion,
financially and the obama administration says they want nothing to do with that, i think you ll see this decide of somehow taxing, more heavily taxing fossil fuel use, the greens will bring it up in the upcoming years in one way or another. and it s terrible for business. we talk about addicted to oil, we re addicted to oil like we re addicted to oxygen, use it to be productive, go to work, take our families to school and live our lives. and anything that the government does to make it drain, drain on a fuel progress. dave: and cause the car companies to retrofit and put the odometers out there. jonathan hoenig, capitalist pig, thank you. thank you. dave: and libya, we re live on the ground at the top of the hour and suing after their 11-year-old got hurt during cheerleading. flip it over and replay we ll make everything okay walk together the right way
wall street investors anxiously awaiting a crucial meeting next thursday. that s when president obama and leaders will discuss including the bush era tax cuts. how important are these to the market? from capitalist pig, jonathan hoenig. how would the bush era tax cuts affect the market. not renewing that could cost not economy as much as 3/4 of a percent of gdp. even on a micro level think about the people for example, living on a fixed income. off dividends, et cetera. but as you pointed out there s