Page 39 - Garyb News Today

Should be tough so we dont have it happen again. and other one thing i disagree with jim on, where is the money going to pay for mortgages? its being saved right now. we have a positive savings rate, 4 or 5%, 3 trillion in savings leads to an export economy. >> weve got to move on here, toby, whats it going to do to the economy? >> if they come in, theyre draconian and my point the government should not be in the private mortgage business, if theres money to be made lending to gary and me and ou...

Level. and going to cut at your profit, its not a cost of hiring. so it could in theory do more damage to make the tax burden shift on to the employee, the job taker level not the job creator level. however, i dont want to say that every tax increase hurts the job market on every level. >> and gary b, vice-president biden made it clear theres a trillion dollar tax hike. what does it do to job creation, to the job recovery, if you can call it that? >> brenda, ill try to be as specific as possible...

And its not done yet. so our problem with gasoline prices, is gasoline refining, nothing to do with oil, number one. and we need that for when times get rough and listen, we have iran and israel still in a sort of of shouting match. its not for gasoline prices. >> gary b. weve released the oil recertifies of only three times in history and each time oil prices come down a little bit. and then come back up, a temporary thing. >> exactly. because when weve released them weve changed the supply and...

Millions of dollars, but thats not how the economy works. >> gary b, its spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years ago, the government didnt teach me how computers work. bem caught me. rockefellers oil company taught people how to drill for oil and gas and the third thing that strikes me thats not going to work. he wants to double manufacturing jobs, increase manufacturing jobs, thats fine, but why does the...

Bounced fees, et cetera. you know, its always wonderful, in the word of doing well and making things right theyve actually screwing the little guy and hurting the poor person, which none care. >> the poor version, they are going to pay less than fees, im going it turn that around and i think it was in general, the higher network banker who will gain the free checking and didnt need it so to say and i dont know if its the best twist. >> okay, well, gary b. let me ask you, whats next? what fees do...

At the bowels of u.n., to propose that country voluntarily create a tax on themselves. and surprised to take toby, a very smart guy, no chance of it. weve heard threats of these kinds of taxes before. nothing ever comes in mind. this is just more-- >> i will give you that, its definitely from the bowels. >> brenda: okay. well, gary b, you know, the union has been around for decades wasting or spending billions of dollars. this is not totally out of context. this could happen, couldnt it? >> abso...

Last few years, its quadrupled the number on food stamps since 2001 and it should be obviously to everyone. >> brenda: gary, you cant call what you do on bulls and bears, work. >> noticed. >> brenda: and julian, wouldnt waeakening in the economy lead to the number of people on food stamps? >> yes, a central point. a couple of facts here, most of the entitlement spending is spent on seniors, two-thirds, the one demographic that happens to be in romneys camp. secondly, under the bush administratio...

Jamie colby on fox. >> brenda: next, lashing out the at governor romney for saying that too many people are dependent on the government. and on food stamps able to work more than double 2010. and during the the same time the obama administration temporarily waived the welfare to work requirement. and gary b, you say no coincidence, huh? >> absolutely, i say no coincidence and 46 million people on food stamps say no coincidence. look it, the fact of the matter is, you can be the most moral, ethic...

Again, wall street is called leading indicator, a fancy term for saying it looks ahead. goes up before the economy goes up, so, what does that show us? >> right, its bigger than any date a plan. and this he are getting foreclosed on their house and living in cardboard boxes on the street. and to the other guests, publicly traded companies like the ones you listed earnings are going to be bad and they dont take the blame themselves for the bad earnings, and you cant always go by what they say. co...

Down. >> brenda: tony, six, and i think he was five, six? go ahead, take over, toby. >> im a simple person, all i know when i looked at the research from the congressional study reports, that they said, there was a normal amount of increase in food stamps and welfare during, you know, the great recession, but if you take the able bodied side, the side of people that would have normally, you know, increased at a normal rate, it increased double the rate. so, i agree with gary, you cant argue this...