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Transcripts For FBC MONEY With Melissa Francis 20120928

75% is now what the wealthiest citizens in france have to pay their government. that is, thank you, to the country s socialist president. there he is. he looks so happy, doesn t he? how would you feel about giving 75% of your income to uncle sam? for now that insane tax rate is staying on the other side of the pond. i don t know, are we next? joining me for more on this, chief economist brian wesbury. brian, great to have you back on the show and i just fear that there are folks in washington who look at this and say, now, that french thinking, they are thinking right. scary, right? yes. we know they like a lot of things that the french like. big government. big spending. big entitlement programs. and this is the last gasp. i call this paul krugman s alamo. i guess if you re going to talk european we have to say it is the waterloo, right? melissa: right. we spent all the money. we can t afford it. now we ll tack, we re going to confiscate people s income to try to pay for

Transcripts For FBC Markets Now 20120910

at the new york stock exchange with again getting out of aig or trying to get out of it. nicole: right, dagen and connell. goes back to 08 the financial crisis and t government bailed out aig. today here what we re seeing is the u.s. treasury department is now planning to sell 18 billion dollars worth of stock. and then that moves them from a 53% share to a 20% share. that no longer a majority shareholder. this is a big deal for obviously american taxpayers and aig too. 1.7% is to the down side right now. i want to do a broad market check here for you right now. the major market averages are slightly to the down side. the s&p is down 1/10 of 1%. the nasdaq composite though is down a full half of a percentage point. but you have names hitting new highs like apple and google. back to you. dagen: thanks nicole. connell: here we go after a five week break, great news today, congress is back at it. absolutely. they have less than a month left in the fiscal year. dagen: rich edson

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