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Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:45:00

flexible policy that would say when we are short of corn the man difficulty is waived or lowered, based on ending stocks. it seems a common sense solution. no one is saying ethanol will go away but when you have subsidies and you have mandates and tariffs that protect one industry, one end user from any harm based on corn prices and the other industry has to fight for the balance of the con crop, it seems up fair. >>neil: well put. we will watch it closely. a turkey producer and remember, the corn is the feed, and if the stuff you feed the animals is rocketing up in prices, as it is with the ethanol push, not a good combination. and now the speaker is facing a challenge with a tea partier naming his candidacy today.

Subsidies , Man , Corn , Policy , No-one , Ethanol , Common-sense-solution , Difficulty , Stocks , One , Industry , Mandates

Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:37:00

it. that is a winner for those willing to say it is a moral argument. the president's problem is this: most americans think we are still in a rescission. it feels like a recession although it ended june of 2009, it now becomes more difficult to raise taxes when economic times are bad because people say, now is not the time to be taxing the people who we are counting on to give us the jobs including small businesses. >>neil: but the economic adviser says they can all take and i think he mentioned we your name, a chill pill, but the point is the higher rates with not go into rate anyway until the year after next and that makes it a big deal. what do you say? >>guest: raising rates causes people to change their behavior. lowering rates on a permanent basis causes people to change their behavior. if he thinks you can raise tax rates and it will not effect the

President-obama , Problem , United-states , Recession , Winner , Argument , Rescission , 2009 , June-of-2009 , People , Taxes , Jobs

Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:35:00

but getting beyond that, what do you make of this? it's not resonated for him politically in the past. what do you think now? >>guest: well, this is meant for political consumption, not policy, he knows it has no chance in passing a democratic senate and he could not pass it when they were in control of congress congress let alone today when congress is under split control. here are the facts: 1 percent of the american taxpayers pay 39 percent of the burden. the top 2 percent pay over half 6 the burden and 50 percent of all taxpayers pay 97 percent of the burden, but people are paying their fair share. the question is whether we can solve this problem by raising taxes even further, or whether this is a problem that needs to be solved by pulling in the spending that president obama has inflicted. >>neil: what i notice and you know political operatives better than i ever will, republican and democrat, so if this is part of

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Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:04:00

china will prevent that. it has car rules that are intended to make sure you have to produce in china ifyou want to sell in china. >>neil: you want to go along, get along. >>guest: absolutely. they will have you export from china but exporting to china? no way. >>neil: not many companies call them on this? >>guest: maybe google, but more will when they see the chinese market has problems because on month-to-month basis the chinese economy is flat or shrinking. the best indication of economic activity this summer is down month-to-month and that is what we have seen in export orders, if ship orders, and all sorts of things the chinese economy is stumbling. >>neil: gordon, thank you very much. in the meantime, be careful because the chinese are pretty quick studies as gordon mentioned, pouncing on our

Guest , D-neil , China , Car , John-boehner , Way , Chinese , Companies , More , Market , Problems , Basis

Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:06:00

and the china copycat version. did they put the r&d money into it that apple did? no they are taking advantage of our investment and our r&d and capitalizing. the worrisome of all of this, though, is the military application. so, we develop the f-117 stealth fighter jet. the j-20, next generation fighter jet the chinese are working on lobs like it using the same technology so all the money the defense budget dollars we debate on capitol hill right now, that goes into r&d, and the chinese are not spending that money but taking advantage of our innovation. >>neil: you have worked for many presidents and ronald reagan, when you were 12, of course, but, ronald reagan had to deal with the japanese and they were dumping chips on the market, and i understand it is apples and oranges and he was saying "enough is enough." >>guest: but ronald reagan did not have the united states

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Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:02:00

and across the board. gangsters. >>neil: but beggars can not be chooser. it is a hot market and they feel if they are out they are out. >>guest: when you look at the wouldjection for the car industry they do not make sense they say they will double the number of cars sold in seven years but car sales in china are going down. that is because they have withdrawn the subsidies and what subsidies they do have are giving to the segments of the car sector that only go to to the domestic factories. so it only helps the small producers. this is blatant the way they use subsidies to help the domestic producers and hurt the foreign. >>neil: it is their "cash for clunkers" on a bigger scale. with the average subsidy $16,000, but that is more than half the price of a vehicle in china to u.s. dollar terms. that's a big deal. >>guest: it is.

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Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:39:00

hand they say, well, the democrat base is upset and axelrod sends a memo to producers look how strong we are among democrats. the problem is not among democrats but among independents who elected him in 2008, voted overwhelmingly for democrats for congress in 2006 and 2008 and in whom 2010 would voted by a margin of 59 percent to 38 percent for republicans for congress and today are giving the president approval ratings to make him look like republicans, not democrats. his problem is with the independents and they will not buy off on this. this is class warfare and politics and they are sick of this from this administration. >>neil: good to see you, karl rove. the tea party are taking on the speaker. next. now. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands.

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Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:43:00

are worried this could drive up the prices more of corn. and jobs are already taking a hit. and now my guest is on the phone from minnesota. how are they directly hitting you right now? >>guest: last week we started butterball plant, they announced the closing of a plant in colorado affecting 350 jobs and there have been numerous, if the viewers google poultry plant closings they will fine numerous, numerous plant closings including north carolina filing chapter 7. it will affect 200 chicken growers ending their contracts, resulting this up to 1,000 job losses. and in delaware, more foreign ownership of the poultry companies and they are filing bankruptcy and seeing jobs lost. >>neil: can you explain how the ethanol push makes it prohibitive to do business as

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Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:38:00

economy he needs to retake some of the freshman economic courts he took. we know this: the president himself said last december now in a recession is not the time to be raising taxes. that is why he signed the tax deal and he told, i think it was ... one of the networks in an interview we should not raise taxes because it causes the economy to slow up. well, we are in a bad economic time and for the president to sit here and say we ought to raise taxes, and think that somehow that will thought adversely effect the economy, that is a demonstration of how political this is, not how serious it. this guy has proposed a spending package and a tax package which are meant for political consumption in the for legislative consideration. >>neil: to that point to rally the base, then, a concern that he is losing the base. >>guest: look they made the rock -- wrong calculation. it is odd because on the one

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Detailed text transcripts for TV channel - FOXNEWS - 20110919:20:28:00

>>guest: there is a giant difference. this one 70 going to succeed and rose volts always succeeded. now, roosevelt, during his entire 12-plus years at president, always had a large democratic majority in both the house of representatives and the united states senate. that's what gave him the special advantage that president obama doesn't have. but, i also think that president roosevelt never lost focus in the way that president obama has in the last 18 months. he has been all over the map. he has tried this. he has tried that. he switches from one topic to another. and i think he has lost that rhetorical connection with the people. >>neil: now, one thing you notice about fdr whether you agree or disagree, everything he did, the alphabet soup of ages and causes and tennessee valley authority, and they all had the goal, his stated goal, get america to work, get america to work. you can quibble with if the

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