Understands. Bank fabailouts. Government setting minimum wages and so on. Our own student audience watched the debate, sometimes laughing. Now they can vent about who made sense and who didnt. Deroy murdoch of the national view. Libertarian and more hawkish than i am. Austin peterson of the website libertarian republic. Hes young but knows these issues often better than i do. Lets start with you. Who sounded good to you . I dont think any of them really sounded that great to be honest. A lot of them were talking about their tax plans, they were talking about fiddling with the codes. The idea behind the free market is one person doesnt know how to live somebodys life better than them. If you look at marco rubios tax code versus ted cruzs tax code they sounded like rand paul was talking six months ago. Why is it all of a sudden we have a singular idea about how to control the tax code and the guy who came up with that idea is the one theyre ignoring. I think this shows theres a problem in the Republican Party about what kind of message they really want to send. Hadley . Im going to disagree. I think we see a broad cast of characters on the stage. A lot of them just playing supporting reals. Is royles. Whos out now . Who are the supporters, supporting role people . Its going to be hard for people to jump back in from the earlier debate tonight. I did think that Governor Jindal and actually governor christie did a good job in that debate. Other than that i think Mike Huckabee and the other participants in the first debate, Rick Santorum youre trying to remember him . I can remember. But theyre polling too low and at this point it may not be that they have a path to the nomination. Deroy . I think we all benefitted from a conversation with eight people onstage instead of 11. It was easier to follow what was going on. I think we saw a lot of talent. Marco rubio came across very clearly. His answers to be able to involve his economic ideas, his thoughts on education, on international relations. I thought he came across very well and i think his star power is very strong. I heard marco rubio support from you folks . One thing is a clear breakout idea, wlsh you disagree or agree with it. Last time we talked about the 999 tax plan. It was on the edge of peoples tuns. Ive not seen any idea jump out where people have said, i like this idea, i dislike this idea but everyones talking about it. Im not seeing that in this campaign at all. Marco rubio is jumping out. Hes risen in the polls and as a candidate. I have some problems. Rand paul brought up a couple. How can you call yourself a conservative and want to spend 1 trillion more on the military and do social engineering on the tax code . A special child very concerned about the rise of marco rubio. Hes sort of like hes the jeb bush or what jeb bush was supposed to be. He wants to spend 1 trillion more on the military, he wants to establish a nofly zone in syria, wed have to be shooting down russian jets. Everyone knows the iraq war was a complete failure. Marco rubio wants to double down on all the failed policies of george w. Bush. So lets elect the bush family, at least then we get the tiny. Rand brought some of that up about the nofly zone. The republicans are very hawkish. They didnt pick up on it. Deroy, you want to pom everybody . Not everybody. Be selective. From obama the lead from behind concept has brought us isis, russia in crimea bombing has been a a set of islands in the south seas. This country internationally has become a laughingstock because the idea of American Leadership and preeminence have been demolished by this president. One thing i have to say, all the republicans other than rand paul have the same Foreign Policy as Hillary Clinton. Rand paul called Hillary Clinton a neocon war hawk last week. Its true. The only person who offers an alternative on that stage from a attorney policy perspective is paul. The republicans dont care for him. I agree but they dont care for him. The audience was not impressed by him. But we have a war hawk right here. I dont get your point. Isis was also created by our intervening in iraq. No, i disagree with that. Iraq, when obama arrived are was certainly not switzerland or belgium or costa rica, but it was relatively calm and stable. Obama decided it was more important to pull people out than succeed in iraq. What ended up happening was you had a vacuum and into the vacuum stepped isis. People who not only have been chopping off heads it looks like theyve blown up a plane with civilians on it. God forbid they have other planes to bring down, perhaps with americans on them. The islands in china. These are barely above sea level. Obamas so upset about them. But according to him global warmings going to erase these things anyway. Why is that our business . Theyre building these islands. We have to police the other end of the world . Well, if things stay calm with china thats not a problem. If things become more tense, they decide it might be a good idea to close off sea lanes or limit trade lanes, that becomes a problem for commerce. A country like china, which may decide lets beat our chests and put the americans in their place, if you will. Thats something that propounds very negatively for our country and the people in this studio and the people at home watching. Lets move on. Spending. Hadley, i havent let you speak. What did you hear about spending that made sense . Thats the big issue. Were going broke. First of all, i was disappointed that none of the candidates corrected the premise that tax reductions cost money because the implication was, oh, we want to do tax reform, you want to reduce taxes . That comes with a cost so how are you going to pay for that . We shouldnt be having to justify why taking less of the money that belongs to the people supply side argues you cut the tax, there will be so much more economic activity, more money coming in. But it probably isnt fully going to right, i think thats why its important for candidates to be specific about how they would reduce spending. Very little. It just troubles me to see someone, for example, like governor kasich from ohio, who actually increased per capita spending while he was governor there. Thats someones record speaks much louder than their words. Expanding medicaid is another fault of his that he expanded a federal Government Program associated with obamacare, putting more people dependent on the government when it comes to Health Insurance. That doesnt seem like a fiscally conservative thing to do. I agree, i found him annoying, kasich. He has dropped a little bit. But in his defense, there is this survey which compares what governors did year by year. So youre not comparing based on an expansion or depression. Bush lowered spending the most. Kasich was second. Christie and huckabee were the worst at crediting spending. He may have increased it but compared to what else was going on he wasnt so bad. We have to Pay Attention to the federal dollars that he took for ohio to expand medicaid. Because those are taxpayer dollars as well. Just robbing peat tore pay paul. It may look like a decrease in spend in ohio but it wasnt a decrease in overall spending. Paying for the Medicaid Expansion in ohio has been expensive. Kasich came across in terms of appearance better than in recent debates. Really . In terms of his presentation. Who agrees . I disagree what he said but i thought he was forceful and never jettic. I disagree with his attack on wall street, thats what i expect out of bernie sanders, not somebody on the gop debate stage. Marco rubio broke from the field by saying we need to subsidize families. At its heart that is social engineering. If youre a limited Government Conservative and you think families are a good thing, those are the values we have to exemplify. To say, the government cant be involved in this, that, why do you want the government involved in the most intimate thing that you have, the most part part of our civilization . Because we like families. Kasich would say, think of the children. That was one of his lines. As much as i like rubio, i agree. The best thing to do is get the tax rates as low as possible, let people keep more of their money, then they can decide to have children or not, how many kids to have, and get the government out of using the u. S. Tax code as a blunt stick for social engineering i wish this were simpler so we could fill it out yourselves instead of having to fill out the child code. What about rubio supporting subsidies for sugar . I cant defend that at all. Campaign money for the i think the sugar program, its amazing. Disgusting. It doesnt cost that much in tears of outlays. In terms of destruction it creates economically and environmentally. If youre in haiti thinking, we can grow sugar cane and sell to it america. Well buy a small amount then say, we dont want any more, go back and enjoy your poverty for another 11 months until we buy more. Its an awful program that should have been wiped out years ago. Dont let ted cruz off the hook. While he was a private attorney in texas he was lobbying for stimulus money to be spent in texas. He wrote a paper in 2009 about how he thought the Stimulus Program was brilliant and we should bring it here. Yes, he did. We need to take a look into that guys record as well. Certain inconsistency, youre suggesting. Yeah, perhaps. The main driver of our bankruptcy is entitlements. We didnt hear much about that. Its not a political win foreare these guys. No, some candidates like huckabee and trump who say, we cant touch these. Maybe they dont recognize the status quo is a train headed off the tracks. Maybe changing the entire age, tweaking these programs would vote train down but we need to jump to another track, give younger workers the opportunity to decide for themselves what kind of Health Insurance to have in retirement and to save for our own retirement. To your point the Social SecurityDisability Program is going to go bankrupt next year. Not 2020, 2030. 2016. And nobodys talking about the fact that this major entitlement is going to go broke next year. Maybe they dont know. Is it possible . The democrats who say, spend more, they dont know . They know. Its part of the congressional budget, the Congressional Budget Office projects all this. Nobody wants to talk about the Disability Program will run out of money next year. The focus groups say if you talk about making changes to these programs seniors get nervous and this will hurt you. When they suggest we can keep these programs that they are. One of the solutions they offer is lets raise the retirement age for Social Security. 25 of the federal budget is federal pensions. Why dont we raise the pension aim for federal employees instead . There you go. Do both. Our studio audience takes on the debaters. And ill give a couple of answers i wish a candidate gave. That and more when we come back. Type 2 diabetes doesnt care who you are. Man woman or where youre from. City country were just everyday people fighting high blood sugar. I am everyday people. Farxiga may help in that fight every day. Along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. One pill a day helps lower your a1c. And, although its not a weightloss or bloodpressure drug, farxiga may help you lose weight and may even lower Blood Pressure when used with certain diabetes medicines. Do not take if allergic to farxiga or its ingredients. 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Informati fox runs poll numbers all the time but i say polls are garbage. No, thats not fair. Theyre mostly done by good polling companies and theyre interesting. But when it comes to prediction, predicting election results, polls are not nearly as useful as Prediction Markets. The business audience ought to understand this. Prediction markets are things like the stock market, commodities exchanges. They are the most accurate predictors of future events because lots of people participate and guess and they put their own money on the line. The prices change constantly and todays price is the best reflection of what the future will bring. Its not perfect. But its better than polls. In america, no good Prediction Market exists for politics. And thats because foolish republicans banned internet gambling so the only real Prediction Market that works is based in even hand. Its called betfair. And useful as it is to us americans, its basically unintelligible. The prices are in pounds and its tough to understand whos ahead. But look at this website. This is understandable. Thats because fox producer maxim lott converted betfairs odds into percentages so we americans can process them. Hillary clintons a huge favorite to win the democratic primary. And on the right you see shes the 53 favorite to become our next president. In the middle is the betting on who will win the republican prime floyd mayweather. Marc i dont cube i dont is the big favorite. Not trump or ben carson. Trump comes in second. But hes way down compared to rubio. Then cruz, bush, carson and the others. Sadly, my first choice, rand paul, near the bottom. You can check these out on my website at johnstossel. Com. Any time, they update every five minutes. Since the debate began rand pauls up a little. I can still hope. The betting. Do you not agree, do you agree . The betting is more accurate than the polls . I understand. When you look at prior lex cycles people who are leading in the polls during this time dont end up being the nominee. Furthermore these polls are mostly National Polls or polls of specific states. The nomination process is state by state. Its a lot different than taking a national poll. The first comment from a candidate at the debate that made me want to scream was this from donald trump. I cant be neil. The reason i cant be is we are a country that is being beaten on every front, economically, militarily. There is nothing that we do now to win. We dont win anymore. Were being beaten economically. What does this even mean . They say americas the greatest country in the world, yet were far behind in china, right . So to me, i think Donald Trumps obviously just using flashy rhetoric in order to get people to like him. He speaks at a third grade level which gets a lot of people to support him and all the candidates are talking in longer terms. If you look at what donald trump is doing its brilliant. Hes breaking through the barriers of getting people interested in politics. In a bad way. Well, politically incorrect and his politics are incorrect, but hes slayed the beast of Political Correctness and i think theres a victory here. Thats good but economics is not war. We dont lose to china when they sell us stuff. The Political Correctness victory at what cost . When you look at his credentials, first of all, he doesnt have a record in office. His recorded statements and books or spoken, we cant tell if this guys for universal health care, when hes prochoice, prolife, where does he stand . In trade, obviously a protectionist. Immigration, obviously a protectionist. Eminent domain, thats something hes abused. Its going to be yuge exactly. It will make your head spin. He does talk about america losing to china. Look around your house. Almost everything you buy is made in china. This is a positive thing. What i do think he does capture, why i think hes got popularity, is the sense of economic stagnation, economic anxiety. The economys not growing much. People get the sense theyre not going to be able to save up money for the retirement. The average american is 1,000 Retirement Savings or Something Like that. A lot of that economic anxiety plays into the sense that were losing as a country. On social media, i made a comment about trump having no clue. On facebook, richard kawaki responded, he has 10 billion they dont give you billions for being stupid, how much do you have . Just because his father gave him a million and he bet on real estate and made a ton doesnt make him intelligent about economics. Donald trump owns a company that has products that are manufactured overseas. So why does he want to restrict trade for other people but not his own companies . Right. More on the debates when we come back. I built my business with passion. 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