Caroline Another News Today

Slowing the economic recovery. >> theyre concerned becausehe tax hikes have to be on the way when weve got record deficits from the rest. >> theyre already coming, lets look at the smaller business person, a person like me with a business that the income i get is taxed at my personal level. when you look at say, wait a minute, im not only paying higher taxes, but health care travesty is coming down the road and who knows about an energy tax and a vat tax. you add it up and say why would i go to ...

Thats going to stimulate the economy, too, for a couple of months. does it have anything to do with reality? >> the point here, gary b, this would be temporary and. >> yeah. >> brenda: temporary stimulus never really gets us out of a recession, does it? >> absolutely. brenda, i tell you what, things that caroline said, i respect the heck out of her, but she makes my blood boil. for one, in the recent stimulus package we spent 100 billion was shoveled into education. two, the private sector certa...

This, is the job engine and i guarantee you, im not running for anything, but if i was, if you had a two year moratorium on capital gains for new businesses wed have so many jobs created we wouldnt know what to do with them. >> and then there would be demands for loans, patrick. >> brenda: ive got-- >> yes and if i had a cookie id have a cookie. >> brenda: okay. >> fair enough. >> brenda: caroline, go ahead. last word. >> well, i think the obama administration is inappropriately being cast as be...

World. >> youre shifting the topic, not about the quality of teachers and-- >> were talking bailout and more money. >> cause theyre not doing well-- were not talking about bad teachers, were talking about bugetary shortfalls, a very different topic. >> they have the lowest unemployment of any sector. >> brenda: hold on. >> and theres an opportunity-- >> caroline, im sorry, i have to cut you off. eric, does this surprise you, this is a heavily unionized industry? >> no, the biggest portion of uni...

People, blew them out, and you know, made the unions the owners. if they go down that slippery slope, whats to stop them from coming in and lets say, saying, theyre going to take the u.s. part of bp as essentially hostage until theres some settlement done. by that time the dividend is stopped. by that time the stock is crushed. when youve killed them down to, 80% off of their value, youre probably going to get exxon or somebody to take them out and litigate the whole thing. so, absolutely. this ...

>> unfortunately thats a slippery slope weve come down. you bail out one and hard to say no to the other one. the better way would be to force the day of fiscal reckoning and realize essentially theyve made a lot of promises, its not about current spending, unfortunately, not about the recession, its about a lot of promises theyve made in terms of under funded benefits for the future. benefits for public workers and that cant be met and thats a fact we need to recognize, whether as a nation and ...

You worried that it could leave taxpaye taxpayers. >> dont declare the dividend you prepared, may or may not pay it and the workers that well have to layoff because we changed our drilling policy. bp is deciding whether theyre going to do that and number three, you know the ads put up trying to explain where they are in this oil mess. dont spend that 50 million dollars on that as well. and here is what will end up happening. bp has lost 80 billion dollars in market share, 40% of its value. you k...

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