Page 5 - Setting Prices News Today

Other than the president, why are we getting this? if the internet, as our two colleagues said, is work well. >> democratic luck wanted this. >> why? >> because they wanted to nationalize the internet and dont want companies like verizon and time warner setting prices. what they will get, based on our conversation, this is a lot of complexity and confusion. you know who is going to answer all these questions? about a thousand washington lawyers who will are hired by every one of these companies ...

>> no, who wanted this other than the president. why are we getting this if the internet has been working quite well? >> the democratic left wanted this. >> why? >> why? because they wanted to nationalize the internet and they dont want companies like verizon and time warner setting prices. what theyre going to get just on the basis of our conversation, this is a lot of complexity and confusion. the fcc -- do you know whos going to answer all these questions? about 1,000 washington lawyers who w...

They are actually working doing real jobs and they dont understand that. >> ive got to tell you something. i dont know why its so convenient to like bash on walmart. i like walmart. the employees there seem pretty happy to me. a lot of full-time employees are making in excess of the suggested minimum wage, and they provide jobs in a lot of towns and cities where there otherwise would not be meaningful jobs for mothers and fathers and families trying to put meals on the table, so i think we shoul...

They are actually working doing real jobs and they dont understand that. >> ive got to tell you something. i dont know why its so convenient to like bash on walmart. i like walmart. the employees there seem pretty happy to me. a lot of full-time employees are making in excess of the suggested minimum wage, and they provide jobs in a lot of towns and cities where there otherwise would not be meaningful jobs for mothers and fathers and families trying to put meals on the table, so i think we shoul...

Industry and say, the ceo is making huge amounts of money. they see huge profits coming from the oil companies and they are thinking, my gas prices are high. they look at the bp disaster and they dont really think the oil companies are doing much to save the environment. they are mad. they are angry. what do you say to them? >> i can understand that. prices are set on a global market. it is not like our companies are setting prices. raising taxes on americas oil and gas companies, compromising g...

Setting prices, smart consumers go out and find the lower price, and, at the end of the day i dont think a lot of people think theyll find a lot, whats more, other agencies in the federal government are supposed to look out for this problem like the ftc, which can charge people who violate the law, a million dollars a day. so, it will be interesting to see what the panel comes up with. >> and the president talked about market nip plamanipulatio speculating. >> were talking about traders, people ...

With you, the objective of making sure that we have a competitive, transparent system wherein there will not be monopolies. in fact, as you know, we just passed legislation through the house of representatives to withdraw the antitrust protection from insurance companies. so that insurance companies cannot collude in terms of setting prices or making their determinations. we think that was an important bill. some republicans, frankly, spoke against it. but it passed with over 400 votes. >> with ...

Are going to be making and you will be hearing about them very shortly. the other thing we are doing that relates to peoples lives is the prescription drug prices are out of control. the drug prices have gone through the roof and if you look at the same exact drug by the same exact company made in the same exact box and sold someplace else, sometimes its a fraction of what we pay in this country. meaning as usual the world is taking advantage of the u.s. they are setting prices with other countr...