Page 51 - Garyb News Today

Underfunded by get this, 3 trillion bucks, gary b. youve been warning about this for a long time. >> well, i tell you what, i think we all have and you know, we can see this coming and look, here is how its going to play out. you know, obamas losing his base from the right, the left and lost the independents and one of the last bastions he has is the unions and he pretty much saw that with the gm bailout, that was a bailout of the unions and the bondholders got the shaft and now were trying to b...

That gary-- gary, do you agree with na. i thought were you just the opposite, anyway. >> i was-- >> it was the opposite and i think, look, i can understand theres a lot of emotions here and theres a lot of rhetoric, back and forth, but we-- were a nation of laws, whether we agree with the laws or not. this whole thing, were going to withdraw the funding, is that in the law? is that how the government operates? i dont think so. its fine for the government as theyre doing, to sue arizona and they ...

>> all right. do you. as arizona appeals the court rulings, blocking part of its immigration law, some lawmakers now pushing the federal government to block funds to cities giving illegals a sanctuary. now, toby, you not only agree, you think this cut off plan could cut down our debt. >> oh, sure it can. if you look at the numbers, theyre astounding. these are, were getting into the 50, hundred, 150 billion over a five year period. why are we paying the cities to harbor illegal aliens and number...

Cant measure. if i cant figure out what the rate of return is going to be i aint going to spend it number one. number two, 52% of americans in the the latest poll says the economy is not improving, its getting worse so clearly hes got to disconnect and sort of talk at his own book. >> and gary b. some of the numbers say it all. the gdp is slowing down and we have unemployment still near double digit rates and that kind of environment can companies, with regulation, coming down the pipe as well. ...

Administration is doing that. 33% figures, if we lose 3%, i think its worth the loss of possible loss of additional lives. >> brenda: but, gary b, is it really the worst scenario? i mean, we see anadarko moving out and we see a number of oil rigs who are saying, im not going to deal with this? >> i know. and carolines number of 3%, even if thats correct, im not sure it is. >> from the internet again. >> significant, a lot more significant than she leads you to believe, for one, the estimated ove...

You weigh in on this? >> im not so sure-- they own shares, a good way to get into boards. a lot of people on board put there by other management and want a pay raise and the current system to get on board is wonderful. unions have been dying for long time and havent been useful like they were 70 years ago when there were actual labor issues. >> brenda: and by corporations-- >> you know, corporations, the opec example, i dont buy either because the corporations makes the decision, too, they emplo...

To find out what spurious means. look, the unions have priced themselves out of every job market, gary references the autos. yep, now theyre trying to price themselves under the teaching market and this is not what you want. you want free markets, you want free flowing capitalism, in the board room you especially want that cause you want your businesses to thrive, putting ut union representation in the board room, terrible, terrible idea. >> id he go the other way here, first off, theyre not goi...

Think. >> unions control the labor by getting in the company dictate the prices are and hours worked and things like that. as an example, why are companies that have nonunion labor, you know, here in, you know, just in the u.s., and some of the foreign automakers able to thrive, but the unionized companies up in detroit werent able to thrived. >> brenda: jonas, jonas, hold on, let gary go. >> one of the problems, the wages they dictated to gm and chrysler were almost double what the poor toyota ...

Entire thing expires and bush tax cut applied to a lot of of people not just the wealthy. maybe only to a certain percentage of the country. if you let the whole thing go, it will hit everybody, with a lot of benefits, and tax right now were making, 30, 50, 60,000 with children. so it will be a tax increase, however, there are some benefits to that, this country is going down the long path road to ruin because we cannot cut spending and we dont pay for it with the taxes. in foreign investors and...

Two friends that works, a citizen, mario three months ago and another, ivy, took her fingerprints and for citizenship. so there are laws on the books that people are becoming citizens. i think we need to protect american workers now in this jobless recovery. >> brenda: normally i would go to julian, but actually im going to gary b for the counter to this argument. do you agree or disagree? >> well, i tell you what, todds arguments always make intuitive sense. they sound right when you look at th...