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Detailed text transcripts for TV channel - FOXNEWS - 20100805:16:02:00

jobs excuse me, rather i m reading you the wrong quote. this one is from him. washington republicans are opposed to supporting our policemen, firefighters in order to promote tax loopholes that promote american jobs. there are democrats not happy about coming back. they have concerns. some of them are in tough re-election battles. they are using this time to do town halls and campaign. they have to give up a few days to come back and do that job. jon: we will have more on the return to the house ahead. speaker pelosi s right hand man democratic congressman chris van hollen, who shannon was quoting there joins us with his take on all of this. jenna. jenna: we are a waiting a major news conference by the justice department on terror arrests we heard about just last hour. apparently there is a group of americans that have been arrested in two major cities across this nation, minneapolis

Detailed text transcripts for TV channel - FOXNEWS - 20100805:15:26:00

developing story if there ever was one and we look forward to hearing more. thank you very much. thank you very much. jon: right now, president obama is in his home town of chicago, speaking at a ford assembly plant there. it s the third of his visits to the big three automakers. the president touting the benefits of the auto bailout ford, the company that did not take taxpayer money, so unless you happen to be a ford shareholder, you cannot claim that you own part of the company, as you do with chrysler and general motors, taxpayers own big chunks of those companies. still, the president touting the benefits of the economic rescue plan. if you d like to hear what he s saying, we have it streaming for you live on foxnews.com. want to take you to pakistan, though, where rushing water is ripping apart lives. the rush is on now to get relief to people who will need it most after severe flooding. we ll take you live to the flood zone. one man s trash is another man s treasure.

Detailed text transcripts for TV channel - FOXNEWS - 20100805:15:38:00

was time for someone else to have it, and i need to pay some bills, and i also want to fill in some of my collection. jon: if you sell it this year, you may escape some of the tax hikes that could come on january 1st. at any rate, mike wheat, barry san do value, good to talk to you, we ll keep an eye on that auction and let our viewers know how it goes. check out foxnews.com, it s been redesigned and fancied up, you can find the link to the rare comic books, in case you ve got one in your attic and want to compare them. that live auction starts in less than two hours. it will be really interesting to see what kind of prices those comic books get. $41,000 is the current bid, jenna. jenna: pretty good markup on the original price. jon: i would say that is true investing! jenna: are you ready to rumble, the big issue that has lawmakers all fired up, how it will impact the upcoming elections and your wallet. a showdown could be coming

Detailed text transcripts for TV channel - FOXNEWS - 20100805:16:41:00

because it says integrity and sportsmanship. those are two of the five categories, so if the writers are going to say, well, we don t care about that, okay, put em in. if you re going to stick by the rituals, no, they shouldn t get in. jen so you think it s this yen ration of generation of athletes are the pure ones, is that where the record can truly be set? well, that s a good point. but the steroid era probably was, say, from 95-2007. so before that okay and after that okay. hey, look, that is the steroid era, and that s going to be the tag on the commissioner. no matter what you say, oh, he was the commissioner during the steroid era. that s all there is to it. jenna: all right, warner. thank you so muchinning us today. very nice to meet you in person. jenna: warner wolf, of course, wabc 77. jon? jon: just getting information about that awful bus crash on i-44 outside st. louis made

Detailed text transcripts for TV channel - FOXNEWS - 20100805:15:46:00

only 2 percent of small business owners will be affected by this. so i think it s a win-win for the democrats, if we can make it clear as we have to do on fox and other places, it s not the bush tax cuts expired, it s the ones for healthier americans that expire. jon: ari, make your best case as to why the tax cuts should not be allowed to expire. here s the problem with that logic. the cost of the tax cuts for everybody else is $3 trillion over ten years, so i like bob s crocodile tears, but he s fighting for the decifit reduction, but he s really not, because it s an inconsistent argument. i the i think the key is growth and you want to extend the tax cuts in a manner that makes the economy grow and creates jobs. that s what this is all about. i do have to point back to history. when the bush tax cuts were enact second 001 and 2003 for all americans, the economy took off, and we had 52 consecutive months of manufacturing job growth in america. we would love to have those days bac

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