Page 10 - Gary B News Today

Graduates are saying just that. toby you say they need to go back and take a history course, what do you mean? >> not only a history course, but look at the dow jones, weve continually in the united states come through these cycles and part of learning in college is about the cycle that started in the 20s and the 30s and to world war ii and 9/11. and we have come back and weve been stronger because we as a people and the american dream have always been alive and that dream is really more than op...

Freeze and we have seen them contribute more to pensions to retirement plans. have they done enough already? >> well, they have done enough, but theyre going to have to do more. but gary b is wrong. white collar federal workers dont do as well as their counterparts in the private sector, blue collar workers do, and were talking over a trillion dollars here, were talking in national crisis, something that can bring the country down, the world economy down, everybody is going to have to do more, i...

For work and job. >> gary-- >> all of this talk, hold on one second. all of this talk about more money is going to fix the problem. how much is more money. another trillion or 2 trillion? >> we should add though that the bush tax cuts added 7.8 million people to the role of those who pay no federal income tax and thats about 13% of those filers who dont pay any net income tax right now. and doubling the child tax credit, also, a 10% tax bracket. so, its not that-- it was not that long ago that t...

Adam. gas taxes dont pay for our military, period. >> neil: but there are a lot of people, retirees who did pay, did pay to the system and i understand where youre coming from. and gary, back to you on this notion of what do we do now? im the not here to offend our retirees or offend our soldiers and had a productive working lifetime and gave to uncle sam. were looking at a pretty big pot and still pissing the money away and weve got to address that. when we rule out half the tax base, short of ...

Has not been playing games himself, multi-tasking again, another great book just out, how to really ruin your financial life, and shockingly, it does not involve congress. and were also joined by adam lashinsky and charlie gasperino. gary, to you first, the 47% figure, you say for a country it doesnt figure, bottom line, not a good number to have in average. >> an easy way to go about, if youre getting food stamps, if youre getting unemployment benefits, the governments giving you money, that ad...

We got our butts kicked in the solar panel market. china won. we lost. and that does not make him a liar, which i find offensive. >> and gave him more money to brg home-- >> if you want to buy solar panels right now you have to buy them from china essentially unless-- >> and mexico makes them, too. >> and zimbabwe has a burgeoning market, too. >> and first i want to say ben that called the president a liar, you cant yell at me today. >> youre right, gary. >> and its no accountability, a million ...

But our troops arent going to have to do anything to do with that. >> brenda: gary b, what do you say? >> well, i agree with steve. and todd is just silly on the whole defense thing. look, were going to double the defense spending protect at the embassy, steve has it right there. i disagree with jonas though, id like the fiscal cliff aspect of cutting the spending, why do we need to raise taxes, why is that? thats not going to work for crying out loud. to take money from the private sector and g...

People who forget fall of 2008, 2009 we were losing 800,000 jobs a month and gdp was contracting and we were on the brink of financial armageddon. to think that were not better off, is revisionist history. thats not to say the growth is where we need it to be, but were in a much better place. >> brenda: gary b, you read something different from the numbers? >> exactly, and i just read the numbers. its easy for the left to say, oh, my gosh, if obama hadnt stepped in, you know, the world would hav...

The only data point and you might have to get used to it. and theres definitely a part of this economy, and always sounds like the two economies, but theres definitely a part thats not seeing the time. and everybody had a-- the bottom line the stock market is not in recession and the economy is bigger than its ever been and corporate earnings is higher than its ever been. thats not a recession, you dont get a cut of that pie that you want the bottom line were not yet in recession. >> okay, gary ...

Like crazy. >> bottom line, gary b, the china play here, whats it going to do? >>well, look, brenda, its not going to be good for us, its going to be good for them and you know, it gets back to really this whole incremental, the negative as the administration likes to pose it. they always say, shoot, even if we open you anwar tomorrow its not going to reduce oil prices, they have the attitude, yes, things that happen tomorrow are not going to reduce the price at the pump today, but its all of th...