Page 4 - Gary B News Today

Thing that has to be done. >> it is so easy to get done. >> and it is -- hold on. it is a political problem, and heres the really good news, and here is a difficult time in the world, the good news is that the problems in the united states are not nearly what the rest of the world faces in their horrible problems. we can do this. we can fix social security and fix medicare, but it is going to take some political will and the good news, charles, we have time. >> and here is the bad news, we are w...

Allowances. i will say we are already on the hook for health care costs. the government picks up the health care tab at 65. if a third of the country smoked in bed, my fire insurance costs would be higher. everybody can agree with that. we have to cut costs. its half a trillion a year just to companies and productivity and insurance costs because of unhealthy behavior. if we can spend the money, i know its bloombergesque and bribe people to be healthy, it may cost less. maybe it makes sense. >> ...

Steadying the robust recovery that we need to achieve going down the line over the next several months. >> brenda: lets forget about the governments measures right now. jonas, i know -- >> how about dog food? >> brenda: but basically, basically ordinary americans going to be feeling something from this? >> their satisfaction will be lower. first of all, luckily the big mac doesnt have a lot of beef in it, so they dont have to cut that from the menu. gary is correct in that people will switch out...

Menu and shoppers have nature to worry about. a cold spring delaying the planting season and a fruit disease hitting floridas orange crops. john, how bad is this going to get for us at the grocery store? >> i think its going to get bad for middle america, especially, because you look at corn prices have doubled in the last four years, mainly due to this ridiculous corn based ethanol plan we have. beef prices at a ten-year high. you have gas prices that are still high as well. look, you have a lo...

Plan to juice up the economy with billions of dollars in new spending. but look whats happening amid mandatory spending cuts. jobs are improving, housing is heating up, and the dow is taking off, charging past 15,000 this week. so gary b, is more spending the last thing we need right now? >> brenda, like dejavu all over again. they tried it with the stimulus. we still have, including people who have given up not looking for jobs, 14% unemployment! thats number one. two, in europe, austerity, you...

Toby is right, for many decades now. look at the tax system. we have 72,000 plus pages because people have bought off crooked politicians for so many decades that theyve gotten so many favors that there is exemptions, 72,000-plus pages. if you get audited, you hire accountants and lawyers and prove your case, you still are to pay your accountants and lawyers. its a rotten system. that needs to be abolished and go to some type of flat tax. >> neil: gary b, the irs apologized. does that mean there...

Private to public and weve already seen back to fdr that is an inefficient way to manage the economy. >> brenda: david, is m stimulus what the economy needs right now? >> i think continued stimulus, we are onto the road to recovery, but to make it robust and to keep it going, i think we need to continue not to put our foot on the brake, but to continue the path that weve been going. that is 37 months of consecutive job growth and i might add, to garys point, in the private sector. 6.8 million jo...

>> i hope flappers. >> youre not going to believe what we have for you tomorrow. leonardo dicaprio from "the great gatsby" will be here. >> well see you tomorrow. >> the tax man in trouble. growing calls to investigate the irs after the agency, which is supposed to remain neutral, admits to targeting conservative groups right before the 2012 election. organization using the names patriots or tea party in their application for tax exempt status were flagged for further review. the irs now apologi...

>> liz: what do you got? >> im a bear. >> liz: what do you got? >> ive got spirit airlines. discount airline, these guys are so greedy, they charge you for your overhead space, up 35% in a year. >> liz: gary b? >> i am bearish on stefan. im still bullish on internet retailers. i like amazon. i think its up 40% for the end of the engineer inform john? >> im a bear for now on amazon. but go for yield eep, 7% yield. they could be up 25% in a year. >> liz: jonas? >> im a bear on that one. >> liz: yo...

Controllers. if youre any kind of smart manager, youd say, lets furlough the guys that arent air traffic controllers. the other thing they did was, they made these furloughs, it didnt matter if you were atlanta hearts field airport or allentown airport, you had the same impact. you think, huh, maybe we should prioritize the hubs. this is just being a smart manager and theyre not doing that. >> gary bs point, weve heard from democrats and republicans, both sides, theyre saying this really was a p...