Transcripts For FBC Bulls And Bears 20140216 : comparemela.c

FBC Bulls And Bears February 16, 2014

Control . Yeah. I think it is, the majority of americans also dont trust this government and how can you trust a government who tells you this is now the law of the land, except if they want to chge this law, ignore this law, not implement the law or alter it some way. Thats not how you handle laws. Look, social secururity and medicare had bipartisan agreements, they are implemented in a way unlike obamacare that doesnt hve so many problems and now you are telling peoples businesses, if you hire people to get below a threshold, it makes you profitable or more profitable that you have to be under peury if you are under oath and l about that, you have to say, this is t tu to obamacare. This is unbelievable that ts is happening. The arrogance of this administration is ridiculous. Jessic if you ned the lay off people, if are you a business, you need to lay off people because of whater reasons, if it is because of obamacare, because of the prices and the costs that that brings, why do you have to swear . Why does government ve the right to say, you can do that . Well, this whole sort of change in the regulation is a reaction to the concern that mediumsize businesses had in terms of saying that the implementation that was going to happen was in this year was too burdensome and the concern is really to protect the American Worker and make sure their jobs are maintains an there a penalts in effect on them becae of the requirement the employers are having to meet. Gary b. , should uncle sam be telling employers you cant lay off people . Its beyond the tale, bren dark, i think john alluded to, this is the impreerlr peaial lo. At some point they have to realize that, a, the majority of americans dont want it. Be, you wi b, you will no have army the silly law was enacted, c, it will cost. Its not woing. They not oy want this law to work. They want to win at any cost. So this last things just a measure of this emwanting to say, gosh darn it, this Obamacare Hato work. Were going to put the sun screws to these employers, even though, by the way, it might cause employers to go belly up. Last start, few businessedown the road. This is silly, brenda, but this is the administration and presen we have right now. Does this go over the lie . Government does have some rule in labor law and the le . Yes, like, fr example, you cant just fire somebody because theyre handicapped. The government has a say in it. In this case, you might have to fire ploy years because you cant afford health care. They dont have a right. This sa loophole that theyve created by having arbitra thresholds. What the government could have done is every business, all employees have to be covered whether part time or full time. That at least would stop loopholes, that company will ve to drive a truk truck through. They have a more streamine Health Care Law to make sense. Tracy, is this out of control . No, its wand out of conol because the oly thing a business has to do is the bottom lean. If they hire, fire, cut pay, atsp to them. There is a reason my businesses dont go public because they dontp to ansr to wall street ap thelike. Mediumsize businesses are in the same boat. They dont want to answer to people,ncluding uncle sam and the irs, my god, they have way too much on their shoulders. We shouldnt have to answer to them ab anything other than what happens on april 15th. Jessica, what do you think about that . This is a oneyear change and businesses do have to answer to irs. They do have to answer to regulations. They cant willie nilly answer to we heard onier, one month. Weve heard so many different deadlines have changed. How do we know its only going to be a year . Well, that itself the guidance that we have been given so far him they came out and said this is going to be a oneyear stirring sort of experience while theyre doing the rollout and it will also give businesses more onto the same schedule that individuals will be on. John, what do you think of that . I think this is 100 political. See if this doesnt make sense. We will delay this a year until after the midterm elections. Funny w that happens and, yeah, we are under the irs for tax, not for health care. You are taking a system that is already burdened and add health care to that as well. If this is a burden on businesses right now, i hate to tell you the, it will be a burden on businesses a year from now. This is not well thought throug this is 100 political. The air gantz ofthis administration is ridiculous. You know what the problem is, too . Theyre making it up as they go. Its so transp oh, god, we got this other loophole, its really shoot from the hip, ask questions later. Thats where it willhill hit business, small or memmium. You will Cripple Companies if you do regulations this way. They have to apply to all business. You dont have pollution laws that cover a certain am of employees. It would be difficult. The law is the threshold. Its not the amount of people you employ. Its an encourage. To go to part time workers and fire people. They will phaset over time. Companies arent going to willingly earn money. They picked a bad way to separate Small Businesses from businesses that can afford it potentially. Gary b. , willl this hurt the bottom line of many businesses . How can it be . Even if it affected one business that say, oh my gosh, we rally need to lay these peop off. But because the obamacare costs are too high. Now we cant. You know, my fear, though, is even more so. If the government through the irs can enforce stuff like this, where do they stop . Are they going to say, oh, good, its better for our country or health care for businesses not to do, to hire people from overseas or immigrants or pay beho minimum wage or whatever that . Minimum wage is the law peg below a threshold that we specif where does it stop . But this administration does not care about business. They only care about themselves getting reelected and making sure obamacare is successful at the cost ofhe u. S. Taxpayer. Jessica. We are definitely seeing this is the administration showing they are caring about be they are being reactive to their concerns and feeds. Thats why theyve madethis specifically for mediumsize businesses, also within this regution at the same they came out with guidance specifying specifically you will not have to cover hospitality workers who work seasonally as well as volunteers, whether it be volunteer frefighters ore emts. So there are a lot of issues that come up. This is a huge massive piece of legislation. There is nothing going on. Thats certainly true. That would address the changes to be made. So you will have to see this within the regulatory process. Thats why you havehe regulatory process. Were you laughing . What is so funny . You are talking about doing this for business. Thats prepros terrous. This is a big birdsome problem and this would not fall through as tracy talked about. This is why we are dealing with some of these issues. You know, if they cared about business and the economy, they would institute term limits on themselves so we wouldnt be pushing this off to the next election. Thanks, guys. That has to be the last word. The northeast is bracing for another winter wallop as its still dig out from the last hit. Now worries the nations economy now worries the nations economy you know how painful heartburn can be. F fast, long lasting reli, use doctor recommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving the pain quickly. Try fast, long lasting gaviscon®. Relieving the pain quickly. Coach calls her a team player. Shes kind of special. She makes the whole team better. Hes the kind of player that puts the puck, horsehide, bullet. Rit where it needs to be. Coach calls it logistics. Hes a great passer. Dependable. A winning team has to have one. Somebody you can count on. Somebody like my dad. This is my dad. Somebody like my mom. My grandfather. Im very pround of him. Her. Them. So ive come up with a family emergency plan. Daughter great. What is it . Mom its difficult to talk about. So im not telling you. How will we know what to do . You wont. Im so glad i wont have to remember anything. Me, too. Dad thanks for this, sweetie. Announcer talk to your kids about who to call, where to meet, what to pack. Visit ready. Gov kids for tips and information. Have a great day, everybody. Digging out and about to be snowed in again. Each time we are seeing businesses close, flights grounded, workers stuckat home. Now, worri the economy, itself, may get stuck. The total costs of the winter blast is expected to reach up for the 40 billion bucks. Tracy, coiled all of this cloud the economy . Look the economy right now is trying to plow itself out of this assessment. Atlanta is shot for a while until they figure this out. All the cost tase are incuring because of mother naure. Mail is not coming. Restaurants are closed. To one is making money in this kind of weather except maybe maybe e the guys that keep shoveling out my driveway an pushing it behind the garage and i cant get out. Other than that, there is not a t of people working. This cant be easy for people trying to dick themselves out of a recession. Gary b. Its not as if the economy was chuging back at a growth rate, as tracy was saying, we are barely out of a recession. The Current Administration will say look a all those shovelready jobs in the storm, those snowplow hires. I do agree, its going t be a hit, obviously, its going to be a hit. People werent able to get to the supermarket or restaurants or didnt see a movie. We have seen time and time again, we have been doing this sh long enough, we were here for katrina, for sandy, for so many hurricanes. The hit at the time is rather substantial. But what happens is st of the spending gets moved into the next quarter. So this quarter were going through is going to be lower gdp wise the next quarter will be better. I city think the economy as tepid ast is frgsz i think tracy was alludeing to that. So things will get better than they are now, but not better better. Its winter, it melts, we get over it. Will this really have a hit on the economy . I think it will have a hit. I think we will get over this. Lock, atlanta got a foot of snow. Thank god they didnt get 2 foot. I understand look, gary is right, there will be certain sectors that dont recover, but the lost revenue the airlines, restaurants, homes for the most part. But most of that spending is being pushed off into the next quarter and we are going to see a little dip in gdp this quarter. It will probably see that increase next quarter with that spending put off. Jessica, whats your take on this . I agree. I think in particular we will see it in q 2, especially, we have seen a dip in haute sales. I think Going Forward now, people will be out. We have seen everyone stuck on the roads, it may interest them moren skidding suvs or an energy eficient car out detroit. It could be a big boost there. Certainly as a floridian, we have had incredible weather, hopefully, it will be a great incentive to get the Tourism Industry going. Everyone is welcome down here. I have to go to mr. Miami, what was rarely here in the studio. Jonas, wt do you think . It cost me a fortune in flights to miami. Look the economy, its hard to destroy money to know you will buy generators and snow blowers instead of a few r. Some sales when itreally continues, it really drags on, like the whole winter, you are not going to get that revenue back ever. Its govenl i will also say, the whe point is you are measuring spending. Its about how well off you are. You are not well off if there is a perpetual cold vortex because you are ending on thing you dont want to boylike roads and salts and you want to spend it on factory. If it makes you depressed, thats the measure of an economy thats good. So i think it is bad like on california and droughts and weather events. You cant grow food, so there could be longterm damage here. I get what gary said with a katrina and all. That we all said we rebuilt, there re businesses that benefit from it. If you miss it last saturday. You might not know it. Tracy, ts the last word. The food police at it again, this time, trying to sue Big Food Companies for the medical costs of obese americans. Neil and the gang asking, what whatever happened to personal responsibility. Plus, from death do us part, two deaths break us you a part t. New deal breaker breaking hearts across america. [ music playing ] [ music playing ] a you need is love Michael Adams . Here. Michael adams . Here. [crying] Michael Adams . Here. Michael adams . Announcer students who ss 18 days of school in any grade risk falling behind and not graduating. Absences add up. Keep track at boostattendance. Org today imagine no possessions i wonder if u can no need for greed or hunger a brotherhood of man imagine all the people sharing all the world you you masay im a dreamer but im not the ly one i hope someday youll join us and the world will live as one what is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future we must have encountered a temporal vortex. Further analytics are necessary. Beam us up. Thats my phone. Hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Okay. So this is perfect for the day after valentines day. Befo you hear i do you pay hear i dont if you dont pay off your personal debt. Thats what more than a third of americans are saying in new survey. Better go to our love expert on this one, gary b. Has more experience with marriage than all of us. Combined. With one marriage. So when it comes to love, should personal debt be a deal breaker . I want to put a diclaimer that i am certainly no love expert. Okay. You know what, i tl you what, if you dont disclose your debt, i think that, that gets to e whole heart of not being truthful and honest in a marriage. I will speak out. Im kind of for debt. I think de gets a bad rap particularly when couple, postcouples would not be able to afford a hous with debt. The other big debt expense they incur is on acar. Why would you want to use yur own money that depreciates the moment you drive it off th lot. That is generally okay. Are you using other peoples money and generally f good stuff, unless you lie about it. Tracy, its very, very stressful, money, money can also be the deal brkner a relationship. Before you get together, you both have tons of debt, student loan credit card debt. What does that do . Pizza on the first night is cute. After that, it is not. To live life like that knowing your paycheck is gone before it comes in because you areot on the same page about your spending habits, that could be a total deal breaker for company, for couples. And i think gary b. Is our expert. He at least has the longest one. Absolutely. That qualifies you, gary. Thankyou. Okay. Jessica, is this money over marriage . Yeah, certnly i think its a larger macroeconomic issue people are talking about, larl this time of year. It is an important topic facing young people. My generation, generation x, millennials, in terms whether or not they are able to get married and can afford it. Like you said, those student loans, theres all the debts. With the sort of huge income and equality and the levels of poverty that we have seen that have been increasing in this country in the 70s is an ongoing conversation couples are having. If you are a single mother, it probably doesnt make sense if you are making un 25,000 a year from a tax purpose to parry someone else who pays 25,00 a year, even though that gives st them get out of poverty. Should cupis arrow borrow or stay from the heart . Gary, they all have trouble with debt. Economies collapse from it. America was built on debt and continues to excel on it. As far as individuals, divorce ras fell after the Great Recession because people have more debts than assets. And have a debt pipe people with assets are more likely. You can make a case thats good for america. I got to squeeze john in here a. Quick comment. I wrote a book about debt and staying out of it. One of my first appearances was to come on bulls and bears. Th is where i met my future wife. We had our ninth anniversary on wednesday. I am debt phobic, fortunately my survive as well. Thanks, guy, thanks, jessica for jining us. Forget paying off your debt. Get obamacare, will you get a better chance of getting hit. Is the government really getting desperate now . Welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotn is in order. Good news. I got a new title. And a rae . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate ipping with the reliability of fedex. I kerilosec otc each morni for my frzero heartburn. N. Abecat wohoo [ male announcer ] prilosec otc is t number one doctor recommended frequent heartburn medicine for 8 straight years. One pill each morning. 24 hours. Zero heartburn. Dont talk, when we dont touch when it doesnt feel like were even in love it matters to me when i dont know what to say dont know what to do dont know if it really even matters to you it matters to me. Prediction, gary b. , take it away. Brenda kwoim cast is taking over the world, stock up. With a storm bullish on shipping with 30 of the year, i do o it. Tracy. Everyone says obamacare is the new way to hook up. Are you kidding . Its a turn off not a turn on. Put soda, good for the soda, up 30 in the 84. Neil. Go . No clowning around, this clown could be the new marlboro man, hi, everyone, im neil cavuto. And the food police are launching a supersize big mac attack, lawyers making new food into the big tobacco. Their pitch, go after big food because its making people fat. Go after some fat greens to pay for obesityrelated health care costs. We are talking potentially hundreds of billions served, not fries, dollars. They say this is a little too much to stomach. We are joined, glad to have you back, Ben Stein David pittsburgh

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