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emergency. >> john: for many people, it's the only way they can avoid missing a bill payment. >> it's not just a matter of saving money, it's a matter of saving yourself grief. >> john: why don't they get a credit card. >> people who have limited choices when it comes to credit are not likely to have their situation i am moveded by teeing away some of those limited option they have. >> john: they promised to fix credit card penalties but the penalties is 7% of bank's earnings. they make much more charging interest. politicians say they rip us off, too. >> if they could charge hundred percent? >> the problem is, they can't. i have four credit cards in my wallet. my credit cards are competing for my business. if one tries to rip me off or charge me too much or they don't
of the new plow. >> now they have given more than thousand free passes to favored groups. biggest single waiver was for the united federation of teachers. >> if this was such a good law why do they give waivers to those that kiss them. >> the administration is taking a look at individual circumstances where major change needs to be made by 2014. >> john: sounds like a scam. >> i think that is misinterpretation of what is happening. >> john: and then, there is the cost problem. >> my proposal would bring down the cost of healthcare. >> john: not so far. prices are up. >> facing rate increases of 1-9%. >> it's just policy making. this idea we can give people all sorts of benefits and there aren't going to be costs. maybe the problems were not unintended. maybe obamacare meant to kill
economy. >> it was good for suppliers. it is good for workers. >> john: i should destroy more stuff! >> cash for clunkers may be the dumbest policy ever. >> david bose and jeremy anwill point out the increase in cars sold simply stole sales from months before and after. >> what is missing most of the cars that were sold under the program would have been sold anyway. >> john: progressives pointed out that cash for clunkers did increase car sales. they steal sfrit future years? >> it does. that is what stimulus is all about. >> john: there was the usual government skewup. >> federal government can't process a simple rebate. >> then they ran out of money.
>> my top ten list of politicians good intentions gone wrong. >> john: politicians always say they'll fix things but their laws have unintended consequences. let's counted them down. promise number 10. government can and should help the carmakers. how? i know. let's destroy some cars. does this make sense? sure it will stimulate the auto business. >> that was idea for cash for clungers. >> cash for clunkers. >> democrats and some republicans voted for it. >> we are thrilled to be part of jumpstart go the economy. >> john: for two months they paid people $3,000 if they had older car crushed and buy a new one. they say it stimulated the
which afghan security forces have turned their guns on us us and nato troops. skm ep swore to ensure all afghan troops are vigorously veted. i'm craig bosswell. channel. >> john: want to get rich. uncle sam will give you a break on one of these. politicians' promise gone wrong number six. >> we have to support and strengthen family based agriculture. >> john: supporting family based agriculture. america is sure dng that. in new jersey, they raise alpacas. >> the reason i got in i was looking for a tax shelter. >> john: so was this woman.
higher. >> absolutely. >> what would that be about? >> it would be $9 an hour. >> john: russ roberts point outset go minimums has unintended consequences. >> i get a raise. i'm fantastic. i'll be able to take care of my kids. that is part of the political thing of minimum wage. that is the benefit if you keep your job. >> what if they force made company to increase wages? >> aren't you under paid. >> absolutely. let's give them a 50% raise. that is awesome. second part, i wonder if they are going to keep as many people as they had before. >> we quit hiring people without experience. >> john: chris runs a combination meat counter and bar in bakersfield, california. >> minimum wage jobs are entry level job to give experience.
cutting. >> cal berkeley has won 26 national rugby championships. but the school told them they are no longer a varsity school. >> university gathered athletes to announce it. >> we were all in shock. >> john: the coach knew it was about title nine. >> we have 60 males. we've ended up demoted out of athletics because of male head count. >> if you are trying to even out the men and women, the team with 60 players evens the national championship. >> we have four players on the national team. 12 all americans last year. >> john: the school told them the team has cut to save money. but get this -- this team was self-sufficient. they raised enough money to pay for themselves. they even offered to help pay for women's teams. >> to help fund women's lacrosse and women's gymnastics.
for fleece. but it doesn't explain in the growth. 25 years ago there was 150 in america. now there are ten times that. >> they have a pedigree that is solid. >> at an auction, prices have gotten high. >> just recently an animal sold for over $600,000. >> this is not necessarily a good thing. >> do you have someplace else to go. >> he may not like me talking about this, but economists warns the industry is a bubble. government is good at creating bubbles. as reported, congress is ridiculous tax credit created a thing in golf cart sales. >> to encourage energy efficient products. >> john: they are connected to
have been getting subsidies for years. >> we're ready to transition. >> john: tomorrow? >> can you give us a chance so that americans can have a choice as to what they put in their pump. >> john: by choice, government needs to pay to install the pumps. but government didn't install gasoline pumps, entrepreneurs did. >> service stations will do it. why the taxpayer? >> it's like anything else you have to get it started. >> you are parry ra site feeding on the taxpayer. stand on your own feet? >> we are ready to stand on our own feet but it needs a fair playing field. >> john: they want more subsidies when ethanol has received $50 billion and increases costs to food and isn't even better for the environment. >> corn ethanol is responsible