Revelation because it was funded by some serious backers of obamacare and the conclusion is the mandate may do more harm than good . The fact is you cannot make the whole system work to get everybody insured. It is beyond me but the whole program is beyond me. As opposed to having a program in massachusetts from governor romney bridge was a catastrophic care plan , we now have a very extensive plan that carries electives and preventive things including abortions and frankly it is not affordable of us everybody is willing to do subsidize. For 7 Million People we have those insured already but 40 Million People holding the bill we are nowhere close to a system that works and this will be a disaster. Charles no doubt about that virginia was one of the states earlier this week to talk about that and the rate increases of 16 but the reason dovetails to what you say. They are in poor health the average age to be significantly older would lend credibility there are not enough young people in the equation. Is the absolute told told us. The great thing about the Obama Administration is they cannot stop there. Behalf to increase the minimum wage on a national scale. The fact of the matter is to pay the same wage in iowa as manhattan makes no sense whatsoever. It is best left to the states not the national government. As you point out with obamacare with 30 hours a week theyre entitled to health care so every retailer has taken the 35 hour worker and back them at 28 hours. I am not sure that helps the american family. It gets worse. Charles i want to bring in our fox business all stars. The same study said if we do not have the employer mandate less than 1 would not have health insurance. It is an exercise of futility with the mass exodus that has done more harm than any kind of good. Charles you are spending more and getting less. The New York Times had of breakthrough peace saying that there are more insured but the choices are narrowing then they quoted an insurance executive that says we have to break people away from the choice habits. Choices is a part of the american system that makes capitalism more. This narrows the choices. Charles you assume we still want to be a capitalist nation. [laughter] but the executives wait and because they see what is happening as a result of the new policys being implemented to support the initiative to say these are bumps along of rhode and other choices are available later. There are several sides but for now with the preferred one executive. Charles we are getting away from the hypothetical with the worst Case Scenario every time we get a new report it comes to a fruition. The number one inhibitor to Economic Growth the chickens are coming home to roost that this will not create job creation. But what goes handinhand with choice is flexibility whether to provide health care its limits what the individual employer might be able to negotiate some could take less takehome pay. It gets worse because they dont stop there. Now they take the assistant managers who felt good to move ahead of the economic chain to provide properly for their families they say no no no you will not be hourly making 50,000 a year. You are entitled to overtime what is the side effect of that . You will live have assistant managers as a more. Harming the of middleclass. Charles is a report it is important we point out this is the Johnson Foundation a liberal organization. They push the money to push obamacare but the consequences at the over event to get the worst end of this because if you want to retain talent you retain the top people with the perks and they are being hurt. If you limit choices to the middle class if we have few enough as it is but it promotes the attitude you have fewer choices leave that up to the government. Though onesizefitsall. Were not a country made up of individuals to let the government tell us what is best. We know what is best but will they make us stand . The employer mandate, the fact is they need to find money. 46 billion if we did that what could fill the void . Higher taxes . The alternative is the real question. If you look at washington and the policies and alternatives, that is the real problem. Looking at the employer mandate it will drive up the cost economically but looking at covering the largest number of people from the white house perspective. Charles with a 13 percent approval rating. We have ran out of time. We love your expertise. And the panel will be back. All the money coming from gas tax, where is it going . Next finding the answer to the question that kneale has been asking. Why do you say that . Where has it gone . I dont know. This is after we have committed tens of millions of dollars each and every year three variety of sources and the roads and bridges are crappy and still falling apart. When folks think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . I am not for crumbling roads and bridges. What i am for is to make sure we dont compound to the san money supposedly going to fix the bridge never meets that to bridge. Charles where is all the tax money going for infrastructure . This senator says it is on special projects not roads or bridges which he has a bill to wind down that gas tax but all that revenue is not the problem . Exactly. Exactly. We have a bill to address us significant middleclass problem. If enacted to bellmore infrastructure money back into the hands of the states who can spend that money more effected lee and efficiently to connect the places where water they want to live with where they have to work. Charles people watching still feel the sting of the stimulus and to the Shovel Ready Projects it feels none of them went there with no accountability. Everybody gets nervous. Exactly. The purpose is to put less of that power and money into the hands of the few. And with state policy decision makers. To reduce the federal gasoline tax down at 3. 0. 7 we could use that portion to maintain existing interstate highway system Everything Else is collected and spent by states that the state level where it belongs. Charles i go to work in one state to another state and it is extraordinarily expensive and i wonder where my money is going. But some of their colleagues say that tax has not been lifted in a long time it does not cover wear and tear but this is a misguided waste of time and we need money. We cannot hurt anybody make that argument yet but if they do my response is number one figures show 3. 0. 7 per gallon is enough to maintain the interstate highway system. That the federal gasoline tax is not enough that would help us to do more with less a few believe that additional 0. 14. 7 per gallon back in the hands of the states they could do more because they dont have to comply with the federal regulations. They could make the dollars stretched another 20 or 30 . Charles i am with u. N. Had to present another issue is states rights versus the federal government and we have of government who wants to control everything. But look at the politics. The tea party, the exaggerations may have been prericher. Of big winner with nebraska and west virginia. I remember they said maybe the tea party is fading . You must look a lot better today. No question the grassroots conservative movement in america has been gaining momentum still has an enormous amount and it is interesting it has become a part of what the Republican Party is. We move away from that point where the effort was spent shouting about those things where we try to embrace what we do but we hear peoples throughout utah and across america that americans want government decisions to be made at the appropriate level. Not everything made in washington. They want us to return to so long proven principles that say local government is better on local issues. If we do that it will help the port and the middleclass. Charles what we have seen is the infighting and the of Mainstream Media but the appeals like there is a serious battle between established republicans and the tea party where they are emboldened to put the tea party takes them to the curb there is the natural tension between that partys base antiestablishment on the other. And it may exist with their own and it has created small hole in the Republican Party that is the size and the shape of the conservative reform agenda to help bring bavarias constituencies together and expand the party. Charles the biggest win this week is the election in india. The best Tea Party Candidates i appreciate you taking said time to explain your position. Great to be with you. If he is in the senate he would be a fantastic colleague. Is wall street sharing too early . Why it could be a crash. No matter what kind of business you own, at t Business Experts can help keep it running. Seamlessly. So you can get back to what you love. When everyone and everything works together, business just sings. Charles the markets are on us tear but for how long . The man with the answers is the chief strategist bob dole. People questioned in this rally for a long time. No volume but it keeps chugging along. So for how much longer . It depends on what you just mentioned will earnings me reasonably good . The whole market is five years old now it has been in lockstep. We need better Economic Growth and i think it is on the horizon but especially in misery mode before we get there but i think it is around the corner. Charles but is there something to be said that in my lifetime is the most hated bull market in history . I could not agree more. I cannot remember a bull market that is lusby lead to a and this one. That is good news. They end when people are confident to think that stocks are the best thing since sliced bread. But the American Institute for individual investors says it is the highest in a decade. Nobody believes it exists. Now to bring in our business allstar panel. Listen nobody believes in the rally. Maybe it is due on tax stocks they will not achieve a profit anytime soon. With that internal correction ended up doing very well. Aided the last few weeks stocks are down 50 or more and you dont even know it. Looking at the cash on hand compare that to the 90s it is a completely different landscape. That is our broad base recession of all sectors and it is up broad base recovery but to the of point of growth and the economy we b. C. Revisions of negative growth that is a technical term but i am not saying we go into a recession but especially as inflation is rising. 2. 7 increase of food prices hurts people ability to buy other things simic Consumer Spending is something to take into consideration. There was some growth and as people go to restore that the price of meat is the highest in 30 years . That is significant have an election coming up the fuller getting scared. What is most interesting is 90 percent of people say even if the economy does improve they will not necessarily spend any more. Charles i watched the fed data closely people are spending but theyre almost at his hero. They have to buy into the fed or skipped a few trips to the of all. Is there a point something has to break one way or the other . But they continue to putter along. They are working but not making more money. They dont have a big pile of savings if the economy does get better it is because the head winds from the federal government will give us a 50 basis points of growth with confidence picking up why are mergers and acquisitions up . Because corporations are confident today them they were born uriko. But. But those mergers and acquisitions are also up because people are giddy about the stock market. They want a piece of that capital by receive more m and a. Absolutely. Then stocks will also. This will be more scratch and claw to get there. But the last 2. 5 years always the acquiring company has gone up but wall street wants to see them built for the future if they think demand is there then it will materialize. We will talk again soon. You will not believe why this is not stopping. Next. Predicting the future is a pretty difficult thing to do. But, manufacturing in the United States means advanced technology. We learned that Technology Allows us to be craft oriented. No ones losing their job. Theres no beer robot that has suddenly chased them out. The technology is actually creating new jobs. Siemens designed and built the right tools and resources to get the job done. Carstheyre why we innovate. Theyre who we protect. Theyre why we make life less complicated. Its about people. We are volvo of sweden. I got more advice than i knew what to do with. What i needed was information i could trust on how to take care of me and my baby. Luckily, unitedhealthcare has a Simple Program that helps moms stay on track with their doctors and get the right care and guidancebefore and after the baby is born. Simple is good right now. anncr vo innovations that work for you. Thats health in numbers. Unitedhealthcare. Charles privacy alert. Does this give them a right to dig in deep . David asman, you have the details . Everyone is doing it now come all the federal agencies are getting into the Data Collection and once we heard this term come i prefer big brother. This is by the end of next year and they will have 52 million facial images and that should never be in the fbi databank am a 52 million of us will have this. The Treasury Department has also been collecting data. And they have to be taken from what the government always knew. Off right and should we be about all this . Im really concerned because what is behind all of this reign john podesta is the one who is running this operation. And you see a is a good and a Public Service and i think that is what we should have our and cannot work. And what is this really being used for. We believe the government would not use this as a weapon. So how can you in the aftermath think that we are working through these scandals that havent been resolved. Some people are going to say the same thing. Whats interesting is a lot of these agencies are actually piling on and adding more surveillance opportunities, if you welcome the dhs actually had plans that were scrapped and so certainly surveillance as surveillance. Data collection, i think thats what we really start to get concerned. What are you going to do with this data . They are gathering information about your information. Facebook and some of them are saying we are not going to do this and that is one small way. Rerun with google and they took pictures of my house and their likely got your back, main street. But i dont know. You hear mayor bill de blasio here in new york and a lot of others say, oh, we want to provide prek and other things. They want the education get in line at the beginning. We have a lot of pushback to that and one of the possible solutions to a lot of it is allowing people to opt in or opt out and not have a default setting. And that is an inherent problem with some of these things. So we have an email marketing. Charles has some of the nextgeneration is clueless about financing we need major change. Change. Call your friends, sit down. Up. A short word thats a tall order. Up your game. Up the ante. And if you stumble, you get back up. Up isnt easy, and we ought to know. Were in the business of up. Everyday delta flies a quarter of Million People while investing billions improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow we will up it yet again. Is all ready the brand ofstate the year. D Berkshire Hathaway home services. Good to know. My dad has aor afib. Brillation, he has the most common kind. Its not caused by a heart valve problem. Dad, it says your afib puts you at 5 times greater risk of a stroke. Thats why i take my warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . Was proven superior to warfarin at reducing the risk of stroke. And unlike warfarin, with no regular blood tests or dietary restrictions. Hey thanks for calling my doctor. Sure. Pradaxa is not for people with artificial heart valves. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you have abnormal bleeding or have had a heart valve replaced. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell your doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing the risk of stroke with pradaxa. Charles well come i guess they dont teach simple finance in school because millennialist are clueless. A new study showing only 6 of 18 to 34 year old know what goes into a credit score. Family finance expert says this could be a scary sign of what is to come for the younger generation. Jennifer, you have been warned about this kind of start a long time. Its a real concern that our young people know less about credit than everyone else because they are using credit for the first time, whether it is for insurance or a credit card. Even winning their first job, that is a big and important area where young people are looking for a job and may not realize that even their credit can stand in the way the one thats one of the things that we can sort of teach and so they go through it. Do you know what i mean . If they dont teach freshman orientation courses around credit when they Enter College or even high school, i think it is so important. But the key is making it relevant to young people. And they have some people competing for this time and they need to make it relevant and we need to make it part of the learning process. Charles is interesting. If youre lucky enough to get a job out of colege, you just want to spend that cash and so how do you drive that point home . Young people want to achieve Financial Success like everyone else and they get that. And so the important thing is to make the connection that if you want to achieve Financial Success, it can make thousands of dollars in difference for the loan elements and its really bringing those numbers to lie in ways that are simple. People get it and the problem is we dont teach it. Charles stay right there, we will bring in Sabrina Schaeffer and david asman and chilling can. So how are you feeling . I mean, are going to stick up for your people . According to the same survey just over 40 of consumers who are adults and older generations, they also have no clue. So there is that the statistic as well. So its clear theres a lot of education on this topic. But what i think is the one here is if you look at the way millennialist spend money and make major purchases and they rely on Credit Ratings and more and more of the choices are deyed according to a lot of different research. Buying a home, purchasing a car. At at millennialist have unemployment at villa, parttime jobs to do with command also learning about this is more important than ever and to your point here. So you only learn it. I was talking to my niece last night. So many rich people are paying cash for things that people who are getting their First Mortgage are getting squeezed. Charles i also know that some put 20 on. Even if you put that down from its tough to get a mortgage these days especially if youre a young person. Charles i also think, and i dont know if you are older than that, but i feel like we dont have faith in the future this or not saving for college or retirement or to buy a home. We are living in the moment as a people. I think theres a tendency towards that especially only talk about how government is going to take care of all these things. And so money is a little bit more concerning. And at the same time, i like to be upon the window sometimes. But you dont always learn new things and leave it there and sometimes the credits were slow because you havent been taking a lot of credit. The maximal sum that young people think that Credit Repair Companies are going to help them when in fact they can sometimes not help them and its been so interesting. So if you show people what they can achieve financially in ways that they can relate to, they get it. But the problem is that they dont teach them until its too late and you cant get that car that you want. I would love to have taken one of those courses and i think it wouldve been so valuable. But in these courses they also tell young people there is that 17 trilliondollar debt and that hinders your earning potential. As we really need to educate people about how this works. Before we close out this segment, how does it look two maybe two or three streets that had mandatory High School Education with respect to finance 32nd better . We are seeing a lot more states incorporate education regularly as well as corporations getting behind Educational Programs and a couple of things that they can do as parents is take out authorized user as this goes and they can actually get a credit pulled. So those are just a couple of things. That is a double edged sword right there. Theres so much more we can talk about and we appreciate you understanding. Charles you may want to stay away from google before the midterm elections. Why they could be shaping or political opinion without you even knowing it unlimited cash back. Let that phrase sit with you for a second. Unlimited. As in, no limits on your hardearned cash back. As in no more dealing with those rotating categories. The quicksilver card from capital one. Unlimited 1. 5 cash back on everything you purchase, every day. Dont settle for anything less. Ill keep asking. Whats in your wallet . Ill keep asking. When folks think about wthey think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. [ chainsaw buzzing ] humans. Sometimes, life trips us up. Sometimes, we trip ourselves up. And although the mistakes may seem to just keep coming at you, so do the solutions. Like multipolicy discounts from Liberty Mutual insurance. Save up to 10 just for combining your auto and home insurance. Call Liberty Mutual insurance at. To speak with an Insurance Expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. Personalized coverage and savings all the things humans need to make our world a little less imperfect. Call. And ask about all the ways you could save. Liberty Mutual Insurance responsibility. Whats your policy . Charles in tonights business lets. A study shows Search Engines like google and yahoo are able to sway elections and you have no idea. Lets get back to our allstars. Should we be worried . Welcome i dont know if we should be worried but the reality is that there are plenty of literature publications out there and in this case its going to be an algorithm you want to show you guys how easy it is to be swayed, you guys have an opinion and a teleprompter and you say it. [laughter] this was raised in india where they found out that fiddling with the search, you can affect 12 of the final vote. 12 could change and they did the same year. Like Rick Santorum and others. And theyve done that before. They sway peoples opinions. That is what they do. Just for the record, google claims that they put the most relevant search result and part of that has to do with this and that goes into the equation for the al but if you look at the way that undecided voters approach any sort of election, oftentimes it is worth limited resources. So to your point, i do kind of worry because they overwhelmingly donate and you have to wonder, all it takes is one or two rogue employees. Eric schmidt believes theres a culture and they claim that they dont do any kind of manipulation at all and we dont have any proof of that. The best thing would be for them to pay attention, especially those on the right there that are so far behind and so focused on the turning out this and theres a lot that can be done in a positive way. At the same time we can learn a lot about how we can target voters who might not otherwise we on our team. Was also interesting is looking at these different ways and who youre friends with stillness go to another product, breaking down and it costs only 152 to make, so they want to charge 1500 and its up to you. Theres a lot of nonmaterial. And theres a lot of nonmaterial that goes into making these products may far outweigh the material and actions are its a kind of a false sense just to add of the physical stuff involved sumac had lawyers come engineering spirit theres a lot that goes into it. The capabilities and i think what is most interesting is we are talking about technology and what it means and earlier in the show we were gathering data and this is part of the information and a lot of it is very useful. A lot of Wearable Technology for a lot of people. Im excited about the Technology Part of it. So we should ask them to pay more in taxes, somehow this Corporate Income statement wants to the public. But the profit margin is so large, my husband owns his own Small Business and i see this happening all the time, what is the one to cost me thinking that there all sorts of costs in the manufacturing and just developing the products. It means that people might be thinking a little bit more about what goes into creating business. Its just not suddenly people got together, there was a lot of hard work and innovation. What about pharmaceuticals that take years and years of trial and after . They also have a limited amount of time to profit from it. And so im digressing a little bit we are seeing it, and you have a very big profit margin in all of this, they have gigantic profit margins. Im kind of glad to see that. Cemented as a whole show on Silicon Valley and it makes it easier. Theres a lot going on if you follow whats happening, using public location and theres a lot of this going on. The two areas are silken bow in washington dc. Absolutely. And by the way, we are showing how much of cost to make certain items. Trying to make a profit. And its interesting because a lot of people think that companies talk about revenue. But they still make a lot of money. A lot of them want the feedback and that is also factored into this. The third issue here. Would mitt romney be president if mitt romney got his way . [inaudible] i think is terrific, i dont know if you ever saw him. And hes so smart and he has a great story and it wouldve been so much more exciting. Charles unblushing. [laughter] i dont think that mitt romney should have chose this. I think the Republican Party shouldve chosen us. I tell people that i honestly believe, you know, i think mitt romney could have been president obama. And i thought that romney dropped the ball because he got to comply after winning. I just think what the president has done, he had this opportunity to bring the country together. And its just heartbreaking two its because you dont pit americans against one another and that is something that we really need to understand. In politics they go way back. They have 65 million names. But it feels like people want to think that president obama was a seasoned politician, a community organizer. Hes more of a politician than most politicians smallbusiness owner, we are not going to elect someone with 100 million. I think the next president , whether democrat or republican, they need to be a governor, someone who has had a direct impact on affecting policy. I think youre right and i think the governor of maryland is actually going to give hillary a run for her money. It sound like we are ready for 2016. Thank you guys so much. Washington ran up a huge surplus in april. Time to celebrate . We are asking our viewers at home. One surplus and what is friday night, buddy. You are gonna need a wingman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. But with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. Report these symptoms to your doctor. Tell your doctorbout all medical conditions and medications. Serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. Ask your doctor about axiron. The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Afghanistan, in 2009. Orbiting the moon in 1971. [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protecon. And because usaacommitment to serve current and former military members andheir families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it means to serve. It is time for your viewer tweets and Facebook Post on a lot of you are reacting after running up a surplus in april. Stephanie says, would there be a surplus about the tea party . Thats a great question. And linda says they have money to spend. Plus, these tax revenues should last the entire year, not just two weeks. Meanwhile Christine Lagarde is being protested by college students. She said they should not be allowed to disrespect the speaker no matter what their feelings are. That is one problem, no respect for others. Susan rice, why do students even have a say . Cant they learn something even if they dont like them . And graduates now have a High School Education. Finally, cash or credit . It turns out most people are saying credit area they say we seldom have cash in our pockets. Debit or credit cards allow you to keep track of all of your expenditures and they also allow the government to keep track of all your expenditures as well. One watches the cost of things more closely if they use cash according to one. You can send me tweet. Thank you kennedy why do some people hate libertarians . Were thoughtful, logical, and dispassionate our foes come out of the woodwork to barbour ideas, liberals claim to love freedom. But they want to control what you put in your body. Like sugar, how you protect yourself, and how much you earn, conservativeist claim to love the constitution and Second Amendment but they would be thrilled to use the government as a tool control from bedroom to battlefield. They are all filled with inconsistencys and den tension, sometimes it is fun to watch