tv MONEY With Melissa Francis FOX Business September 5, 2012 5:00pm-6:00pm EDT
watch tomorrow will be european central bank meeting. investors are expecting the ecb to announce a large bond buying program. they say they will do it without printing more money. they will neutralize all the money they print in order to buy these bonds. ecb president mario draghi has dropped hints about the plan but yet to give any details. watch for that. liz: comes out 8:00 a.m. tomorrow. money with france france is next. melissa: i'm melissa francis. what would happen if the iranians actually closed the strait of hormuz? the top commander from the navy's fifth fleet weighs in. plus both parties put the economy at center stage but former reagan economic advisor art laffer says neither side has a pro-growth plan for recovery. laugher is here with his ideas to get the economy back on track. there will be no in the tax in the champagne room.
why the lap dances could be exempt in the empire state. a strip club oner takes his case to the higher court. he is here to press his case. even when they say it's not it's always about "money" melissa: first let's take a look at the day's market headlines. it is deja vu all over again. stocks in the same holding pattern over another central bank decision. investors keeping a close watch on tomorrow's european central bank meeting. steps to help quash the european debt crisis are expected to be announce. the dow closed up 11 points. shares of nokia plunging nearly six teen%. nokia unveiled two highly anticipated smartphones powered by windows eight 8 mobile software but that is flopping with investors. nokia failed to reveal when the new phones would hit
stores or how much they will even costs. fedex shares taking a hit. the shipping giant lowered outlook for fiscal first-quarter earnings. fedex blaming a slowdown in the global economy for the move led by put iring growth in china and europe. top story tonight and all this week. our special series, oil dire straits. on my trip to the middle east i spent a night on board the uss enterprise in the fifth fleet to look what goes into protecting the strait of hormuz and 17 million barrels of oil each day that pass through the strait. iran has been threatening to close the strait because of crippling western sanctions. i spoke with the enterprise's commanding officer specifically how they would respond and what potential defense department budget cuts would mean for the fifth fleet in carrying out their mission. what would happen if they tried to shut that down or if they began attacking boats in that area? >> well, it's, of course the, the presence, we hope, would,
would deter that. i mean, you know, the things we're looking for in the region we want, we want security, which if you have security that comes with stability. with two of those we get prosperity in the region. so we operate in these international waters and through these international straits and we do it on a routine basis as much as anything to clarify that the they are international operations in accordance with international law. and so we uphold that. some of why we're here. melissa: do you think l think they're able to? they're constantly threatening that. do they have the physical capability? >> i don't know. we go back and forth through the strait. we've been through eight times, now. it is very professional. they come out and look at us. we look at them. and so whether they really would have the capability to do that, i don't know.
maybe for a short period of time. melissa: are you making a statement by going through there? >> i'm not so sure that we're making a statement other than, that we are operating in accordance with international law. and that the international waters are open to all mariners, legitimate mariners. that is sort of a maritime security operation part of this. that is our goal, is to make sure these international waters, international straits remain open for legitimate maritime reasons. and if you ever, if you took a snapshot of the, up in the north arabian gulf how many ships there are coming and going, how many world economy is coming in and out of there, then, you would understand that it is important that it keeps going. melissa: one thing we're mindful of as we're out here, we have a backdrop of sequestration, across the board funding cuts.
and i know that's not what you do but what is the impact, how valuable is the money spent here, let me ask it that way? >> well, it's really, i think it all goes back to this global economy and the global village that we live in now. you know the money spent here, it is an investment to keep this global commerce going. and so without that investment, we, you know, we can only speculate what might happen if we weren't here. melissa: and let's speculate about that right now. what would turmoil in the strait mean for the price you pay at the pump? joining me oppenheimer and company senior oil analyst fadel gheit. thanks so much for joining us. if the iranians did follow through on their threat to close the strait, what is your bet what would happen to the price of oil that instance? >> they can try but can they actually do it? the answer is no. the probability would be very low.
basically if we have any military action in this part of the world one would expect the crude oil prices would rise very sharply but it will be very short-lived because of why the fundamentals means oil prices should be close to 80, not close to 100. melissa: let's flesh out a couple things you said there. when i was talking to the commanding officer and as well as everybody out there in the strait they had different answers as to how long they thought the iranians would be able to shut down that little 13-mile route there in the strait of hormuz. i think they would be able to do it for some short period of time, but the conflict as you know would roil oil markets. traders need the smallest excuse to bid up the price of oil, you know that. >> yeah, but at the end of the day they can probably make some background noise for some hours, not some days or weeks or months. and this is a global
business and, any action would be taken will be very harsh. i mean if they try, they would be asking for deep, deep trouble. melissa: yeah. the general accounting office says they think a closure would cause oil prices to increase $175 a barrel. you think that is way too high? >> only four years ago everybody was talking about oil prices would go up to $200 and there was no war or anything like that. melissa: right. >> so it is possible but you put very low probability. the higher oil prices go the more or steep decline will follow very shortly. as i said before, it is not sustainable at current levels, let alone at 175. melissa: at the same time we've seen the saudis have been working on an east/west pipeline because at the very least they are annoyed and discomforted by the idea of the iranians threatening to close that strait. how big after difference would that make? how serious are they do you think about moving oil some different route?
>> well, again, everybody has tried to put, not all their eggs in one basket. the saudis have had for many years pipelines through iraq. obviously that didn't work too well. but at the end of the date the strait of hormuz, there is a global water way, unlikely any one country would be able to do that. only the u.s. would be able to blockade the strait of hormuz. not iranians, not anybody in this neighborhood. melissa: that is interesting you would bring up that point because that is one of the theories i heard floating out there. that one of the reasons we're out in the strait of hormuz just in case we wanted to blockade the iranians in case nuclear tensions rose. >> absolutely. >> uss enterprise i was on was parked off cuba during the cuban missile crisis. >> that is exactly what will happen. when push comes to shove they will lose and they will lose a lot more than anybody
else. again the world does not need their oil but they need the oil revenue more desperately than the rest of the world need their own oil. melissa: here we are in this strait patrolling. it is not just oil that goes through here, even though we see 20% of the world's oil travels through this strait. there is a ton of commerce and cargo that goes through there i saw. how important do you think it is that our military is there in the strait making sure it is open? >> it is very important. this part of the world they have probably 50% of their food comes through this waterway. so, blockading the waterway, this is a global situation. it is not regional. it is not country, has some you know, tension with some other country. this is a global business. the russians, the chinese and everybody else. melissa: yeah. >> it is in their best interests to have it open. melissa: if sequestration or automatic cuts impacted our forces in this area, obviously that would be a huge problem? >> very unlikely.
this a part of the world we're not going to abdicaate. this is a very critical part for us. national security depends on this part of the world to be open for oil flow. it is absolutely essential. melissa: yeah, it is essential. fadel, we'll leave it on that note. thank you very much for joining us. >> thank you. melissa: what can democrats do to win over skeptical business owners? we'll get reaction from one of the very few business leaders attending both conventions. john paul dejoria will be with us next. one man says president mitt romney and president barack obama are botching the plans for the growth of the economy. he will explain why. ♪
melissa: let's face it the economy is a mess. so much so says mitt romney and paul ryan an opportunity to win the election but have they gone far enough with the pro-growth message or are they holding back? let's ask art laffer former economics advisor to president reagan. art, great to see you. >> great to see you, melissa,
thank you. melissa: "wall street journal" editorial page is pretty harsh on mitt romney basically say he is not taking the pro-growth message far enough. what do you think about that? >> you can never take it far enough. he has done a great jobs. cutting tax 20% across the board. cutting tax rates, dodges, exclusions all that stuff. that is all very good. his energy policies are great. his policies on repealing obamacare are spectacular. he wants to increase trade, rather than restrict trade. all of that is very good but as i said you can never go far enough. if you look at reagan's acceptance speech in 1980 and compare it with either paul ryan owes mitt romney's speech you can see the huge difference. reagan mentioned tax cuts 24 times in there. he mentioned the volunteer army. mentioned enterprise zones. went through all, he laid out an explicit program, just hammering economics. and jimmy carter is barack obama.
or barack obama is jimmy carter. i would like to see paul ryan and mitt romney aggressively pub their plan because their plan is really good. and they are really good people. melissa: there seems to be a hesitancesy though, to say tax cuts. >> yes. melissa: and what is that all about? and do you think that makes political sense? >> who knows. no, i don't think it makes political sense. we won in a landslide in 1980 against someone very much like barack obama. we also had a republican challenger running as an independent as well in 1980 and we cleaned house on these people. reagan mentioned tax rate cuts. taxes. all the time and in everything he did. and i think it is a winning message. tax fairness and all those things and shared burdens, is just, i mean it is very nice. it is very true. it is very good. but paul ryan is not heartless. he is wonderful. pro-growth great guy. melissa: mitt romney is seen as a rich guy who is more
heartless. the tax fairness argument has gotten traction. if mitt romney says tax cuts some people out there hear tax cuts for the rich even if that is not accurate. that is what they hear. is it politically savvy to not say these things? >> what you do want to do, melissa, cut tax rates for the rich but what you want to do is also broaden the tax base so they don't have all the deductions, exemptions and exclusions and all the ways around the tax code so they actually do pay their fair share but not some tiny amount like super-rich guys do now but lowering rates, does not help the rich. it just brings them back into the economy and back into paying taxes. that's what we did in the '86 tax act. you know how well that did. we had 97 senators vote for our tax act in 1986. by the way, melissa, just so you know, we dropped the highest tax rate from 50% to the 28%. i mean we broadens that tax rate t was revenue neutral.
and everyone loved including teddy kennedy, al gore, bill bradley, barbara boxer. even harry reid voted for it as a congressman. dick durbin did. melissa: paul gigot, obviously very smart guy with "the wall street journal". >> i love paul gigot. melissa: everyone does. he didn't defend the tax plan, talking about governor romney. swing voters want to hear how he will improve their lives. this was a quote from paul gigot, his criticism, very smart guy. how do you think that mitt romney should respond to this particular criticism? what do could he do? >> i think he should go out on the stump and do exactly what paul gigot tells him he should do. go for all five of the points. push them out. in the acceptance speech he had 200 words on economic plan in what today is a catastrophe of the economy. paul gigot is 100% correct. and i think mitt romney should stress economics and economics and more economics. stop talking about the these
lovely little feelings when we were at the dinner having fried fish one night. go right to the heart of the matter. as your president i will cut your tax rates. i will broaden the tax code. i will cut government spending. i will have freer trade. i will do all the wonderful things that will create prosperity, melissa. the dream in america has never been to make the rich poor. the dream is always to make the poor rich. you can't have prosperity with high unemployment. you know that. you can't balance the budgets on the backs of poor, minorities and unemployed. you need jobs. that is contend different all the way. that is reagan all the way. that is bill clinton all the way. and clinton --. melissa: send paul ryan out to make the message more clear? i was watching "60 minutes" when they did interview and plain simple. went for the tax question one more time. paul ryan said we need to eliminate tax havens for the wealthy and bring down the tax rate for everyone, make it more fair. it was sort of over. >> i love it.
paul ryan is spectacular. so is mitt romney. i know mitt romney not very well but i know him pretty well. he is great on this stuff too. he is proposing cutting tax rates by 20% but in his acceptance speech he didn't mention that. paul ryan didn't mention any of these things once in the acceptance speech. reagan pounded every paragraph. second paragraph. first paragraph. flattered and honored to be your nominee. he went right into the meat of the matter. we need to go to the meat. that is where romney will win. romney has a far better program than anything i've seen in a long, long time. >> we need the meat. art laffer, thank you very much. >> where's the beef, remember that ad? melissa: i do. >> you're wonderful. thank you, melissa. melissa: 173,000 no, that is not the number of jobs created last month. that is the number of people that have gone on food stamps just in the last month. has it gone easy to jump onto the public dole?
we'll hear from both sides. do you ever have too much money? no. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank.
♪ . melissa: so the rnc had their turn last week. they called for the release of american capitalism from quote, big government. cut the red tape and keep taxes low. so how is the dnc's economic message measuring up? with me is business leader and entrepreneur, john paul dejoria of patron spirits owner and paul mitchell ceo and cofounder. thanks so much for coming back on the show. >> you betcha, melissa. melissa: glad to have you. you've been on the ground spreading word of job creation and fiscal reform at both conventions. tell me how they measure up? >> well, it is very
interesting. what i've been waiting to hear is a little bit of unity. that is what i'm waiting to hear. unfortunately they haven't said that. i'm waiting to hear it during the democratic convention is, what are they going to do to create jobs? what are they going to do to lower the deficit? they haven't said that yet. now obama is a nice man. he has a great personality. his wife is wonderful you about so is mr. romney's wife. they're all wonderful. we the people, i'm not a republican, i'm not a democrat. it is we the people. what will you do to lower our deficit? what will you do to help our people? melissa: if you want to hear about lowering the deficit at democratic national convention you will be waiting for a very long time. i don't think there is anywhere on the list at all. why do you think that is important then, and if you don't get it there are you not voting for those guys? >> no. it is a matter of this. if you don't have a plan to lower our deficit, america's going to end up in the same problems that many european countries ended up with. they keep on running debt
and our dollar gets devaluated. the u.s., the united states gets deevaluated. this is wrong. they have got to bring up what are we going to do, what is your administration going to do? but more important, i haven't heard anything new. what are going to do to lower the deficit? what will you do to create more jobs? what will you do to be more accountable for that? if they don't mention that, america becomes like europe and none of us in america want that. none of us want that. melissa: from the reports i've been hearing about the democratic national convention and speech i'm watching they're embracing their spendingselves. they feel very good about this. you heard neil cavuto talk about this. spending makes sense. this is what you do as a government. isn't that your impression being there? >> well, priority, i love you out there, okay. that is a priority. but what is very important that we love each other as this, they're not addressing it. america that is very important. we don't want to go
bankrupt. if bankrupt happens, there is less shops, there is less problems and more riots in the streets. hopefully they will change their tune. america, i defend it. we need this. melissa: you have created two incredible businesses in both hair care and patron tequila. you create jobs all the time. what do you think the government could do to help create more jobs or not hamper you doing that? >> a great question. i have another company called marquee yachts and happens to be in minnesota and wisconsin. by working with the government there, i believe the guy's name was scott walker, is the governor, we were able to go through a lot of red tape and retool. i spent $7 million there in jacobs retooling mark key yachts and harper yachts. we put 400 people back to work, american craftsmen, very, very good. americans back to work. what happened was the governor of that state, guys let me help you with road
tape and to make it really easy. the government needs to help people that want to help. now as far as ecology is concerned. by god i think we need regulations on ecology but red tape to government, whether, let me give you one more example if i can, melissa. melissa: real quick. >> i'm spokesperson for greater coalition. we're about keeping jobs in america and keeping arts in schools. we need more people supporting that. every dollar they spend on the arts gets $7 in taxes back. the government has got to help us more. eliminate the red tape. we would love america. melissa: interesting. john paul dejoria, thank you very much for coming on. we're out of time. we always love having you on. >> i love you too. i'm an american. love, peace, happiness. america works still. melissa: the number of americans on food stamps hits a record high. is this a culture of dependency run amok? we'll hear from both sights. that so coming up next. a tax brawl overlap dances grinds its way to new york state.
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♪ . melissa: this is president obama took office the number of americans on food stamps has doubled to a record high almost 47 million people. the government is doing everything they can to promote the food stamp program. take a listen to this radio ad. >> would you look at margie. she looks amazing. >> yes, she sure does. >> i wonder how she stays so fit. what is her secret? >> well she told me that food stamp benefits help her eat right and she stays active too.
>> oh, i didn't know they hope people our age. >> food stamps help lots of people. people you know. >> wait, you use it too? >> yes i do. [laughter] melissa: what? that is the craziest thing i ever heard. the government's campaign is working so well, that one in every seven people are on the public dole. could you believe that ad? but should the government be trying so hard to get people on food stamps rather than off food stamps. let's bring in democratic strategist, mary anne mash and former assistance to president george w. bush brad blakeman. i will let you go first. i'm still recovering from the radio ad. what is that all about? why are we encouraging more people to go-go on food stamps? >> in tough times, people need assistance. sad to hear that many people use it. like buying home insurance. buy home insurance. auto insurance. you pay for all those things. you hope you never need it. you're glad you have it the
same is true in the tough economy and food stamps. melissa: brad with any good insurance i there is insurance fraud. nearly five million dollars on cash benefits in california spend on withdrawals in casinos and poker rooms. one case in north carolina one man and his son used $4 million to buy cigarettes. i don't know how it is even possible. this is rife with abuse. i think this is a problem. what do you think? >> you're absolutely right one in seven americans are on food stamps and encouraged by the government is part of the obama plan to cradle to grave government intrusion in our lives, whether obamacare, whether now taking work component out of welfare or now, encouraging people to take a benefit they may not need or want. this is, this is a real national tragedy and certainly we can't be better off today than we were four years ago if we doubled the amount of people on food stamps. and you know, i would say, god help you, mary anne, unfortunately you took god out of the platform.
melissa: mary anne, what do you think, it feels like we're extending beyond people, talk about feeting children, obviously this is something people want to do but extending it to people feels like may or may not need it. some say it is like buying votes. do you disagree with that? >> no. we make sure people who need the services get these services. nearly half the recipients of food stamps are kids that is pretty tough to argue against. when 10% are elderly, that is tough to argue. people getting food stamps for the first time are off them in ten months. reality we're still in one of the worst economies we've had. we're giving assistance to people when they need it. this is going to end as the economy turns. fewer people will be on food stamps just like they are when the economy is it good and more people on it when the economy is bad. that shouldn't be a surprise to anybody. melissa: but, brad, when you listen to the ad the implication is this elderly woman is thinner and more fit and looks better because she is using food stamps?
what is that connection? how is that possible? what in the world are they talking about? >> if you, you seeing is believing. trying to make is fashionable to be on food stamps. it is not, it is not as if it is emergency or safety net, that god forbid you go hungry in this country, we shouldn't be having that. but on the other hand we shouldn't be having the government being a pusher if you will of government benefits to people who may not need that kind of help. melissa: mary anne, last word to you before we go. >> look the fact is there are a lot of people getting this kind of assistance for the first time. they don't know it exists. they're in tough times. better to help them now because it would cost more later if we didn't. melissa: thank you for coming on. we appreciate your time. >> thank you. melissa: there is no sex in the champagne room. that's what it says but what about the taxman? a tax fight overlap dances reach's new york state's highest court. the strip club owner leading the charge to make them tax-free joins us next. at the end of the day, it's
to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far.
modern dance and lap dances all have in common? they are all artistic performances or so one strip club owner is saying night moves in albany, new york, owes more than $120,000 for taxes for lap dances and ad miss. >> the club. he says the club should be free of those taxes. his case reached highest court in the state. that is why we're talking about it. not because it is salacious in any way. with us straight from his hearing is night moves owner, steven nix. thanks very much for joining us. tell me about your case. you were in 2005. you've been back and forth to court. where does your case stand. tell me about it. >> thanks for having us here, melissa. this started with an audit in 2004. we were told at the time that our books were in order but we owed money because we had never charged customers sales tax for their
admission or for their private dances. we told them those are not taxable items. therefore we didn't collect tax. we went in front of conciliation hearing and that led to a hearing in front of an administrative law judge. melissa: yeah. >> she ruled in our favor saying we didn't owe tax. that these are exempt because it's dance. and in the tax code it's very clear, that you pay tax on the place of admissions with the exception of dramatic, musical or cory graphic performances. we said well clearly that is us. what else could it be? she agreed and, go ahead. melissa: what is at other side's argument? that seems pretty clear-cut. >> yeah. we can't quite understand their side, that is the problem. eight years in their argument was, well, the girls aren't classically trained and it is not completely choreographed, which we said, well, eric clapton isn't classically trained. he taught himself to play
the guitar but it is music. there is improve dance and improve theater and that is not choreographed and that is not taxed. so your arguments are all not valid. melissa: strikes me you're talking about $124,000 here. if you've been fighting this for this amount of time i think you probably spent that in legal fees, haven't you? how much have you spent and what is really behind this fight, in your opinion? >> well the 124 is misleading. >> okay. >> the 124 was the initial determination. in order to be heard, with the state courts we had to make a full payment of $209,000 just to be heard at the article 78 hearing last year. in order to go to court for some reason in new york, when it is a tax case you have to put 100% of the money up. so we did. and it is our hope to get all that money back plus to get return of our legal fees, but there's a follow-up audit they performed that is just getting ready to start now. and that will be for, at the moment, about 400,000.
and by the time we reach this level, half a million or more? melissa: so it is getting to be a big number. is this make-or-break for your business or is this the principle of the matter. which is really more important to you? >> really it is the principle. we'll be able to pay off the bill. we finally had to give in and start charging sales tax in the past year just because that second audit made us realize we can survive the second, but a third it will be a little difficult. and it, the real part of it, they all seem to miss they're not taxing me. they're taxing the customer. melissa: did impact your business? did you see a slowdown because you started charging the tax? >> we absolutely did. we probably lost 30% within a short period of time because of the raised prices. hard to explain to an average person on the street, oh, i'm charging you sales tax for that dance. melissa: yeah. i imagine. you had a cultural anthropologist involved and reviewing the dance an testifying.
what did she find and what will she testify to. >> she already testified. dr. judith hannah, ph.d. cultural anthropologist and dance expert. a expert in nonverbal communication. she, we center videos of some of the performances in the club. she came and visited the club. she interviewed the girls. she watched the performances and testified that unequivocally this was choreographed dance and falls within the definition of the statute. melissa: all right. steven, thanks for coming on. keep us posted what happens. very interesting story for so many reasons. >> thanks for the opportunity. melissa: all right. love all the extra fees and charges that come from flying? trying to segue to something else here. who doesn't? guess what, they may soon come to a restaurant near you. lord help us. we'll explain coming up next. you can never have too much money or too many lap dances i guess. i don't know. ♪ . [ male announcer ] wouldn't it be nice if there was an easier,
that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection. ♪ . melissa: very appropriate after our last story, right? time for spare change. joining in the fun is fox news legal analyst mercedes colwin and fox business's very own dennis kneale. a all-star team tonight.
let's get right to it. first up, look at this. no, we'll show it to you. it is not actually the iphone 5. i know you were thinking that is what it was. it is a complete knockoff by the chinese company. they made the phone from leaked images and parts from the real iphone. hear is the funny part, they reportedly patented their new sort of ripped off design. the company could potentially sue or try to block apple from selling the real thing in china. what do you think? they patented it. maybe they're the real thing. why are we calling apple's real thing. if these guys are first, they're first? >> indeed, you had a guest on your show while you were away suing the u.s. government, if you didn't apply first but didn't invent first you are first because you applied. the chinese have no respect for intellectual property. chinese told me an american lawyer until they start inventing stuff their own. there is something i really admire copying the baby from leaked photos. >> so much evidence it is
overwhelming. you have the documents. you have the pictures. there is consumer confusion. even that picture looked exactly like the iphone 5. i think they have got, apple has a good case against them. >> but in china courts? >> china is the biggest issue. here, no-brainer. they got a billion dollars from samsung. it would be another --. melissa: goo phone? is that the best idea for the name of a phone, goophone? >> goophone google. we're on brink of a trade war through court system. in california they ruled apple is owed a billion dollars by samsung for patent infringement. >> right. >> in korea, court ruled that apple violated samsung patent. in japan they ruled apple violated samsung. asia courts have a different view of asia companies and u.s. courts have a different view of u.s. companies. melissa: no one will get any money from anyone. it is all nonsense. >> they will cancel out. melissa: here is another one. restaurants are charging diners more during peak
hours. for instance if you go to a restaurant at saturday night at 8:00 p.m. you will pay more than say on monday night at think of the 5:30. this is interesting. there is research from cornell that suggests that people might be comfortable with paying more during prime hours. >> brilliant idea. because i imagine this. they want to pay a premium. we're here on saturday night. it is special. we're all dressed up. okay to pay special for saturday night than monday on 5:30. melissa: restaurants are not organized. half the time you sit down and hand you the bridge much menu at 8:00 p.m. how will they organize who they will charge, what, when? >> they're not paying for the fact they're -- they're paying so fewer other people will show up that is the reason to raise price. cut down on the people you don't want at restaurants. melissa: you necessary not live in manhattan. it is not a cool place everyone is there. why in the world are you there? >> you go there because everybody goes there. melissa: that's right. >> this is great plan.
doing what fine restaurants what denny's known for years for early bird specials. melissa: anything else. whether airlines or anything else you use you pay different prices at different times. >> with children by charging extra for later times. i've shown up at 8:00, 8:0 with my kids. people saying i'm not too happy. >> should charge more for couples that bring kids. >> lovely. >> charge them more to discourage them bringing kids to the restaurant. melissa: maybe kids are a pleasure to have at restaurants? >> maybe they are. steve martin used to say if you ever think you want children, six next to someone in a restaurant. that will cure you. melissa: grinch. moving on. this is so great. you might have thought, nicky minute nauge is republican. i had read this twice. song mercy by little wayne. you have to hear this. >> i'm voting for mitt romney mitt romney.
it can really understand it because we had to bleep out half of the words. melissa: she says lazy people are screwing up the economy. that is sort of what she said. i you surprised? >> i love that. she talked about this. >> she conservative vote for romney. it's awesome. >> the first person to realize that you can run romney with economy. faugh also, this is really did r the republican party. melissa: i wonder how many people watching the show knew who she was before this. here is another one. have you ever been on vacation and can get it chair by the pool because they're already all covered with tells? don't you hate this? people receptive and patel was up first in the morning and then there are nowhere near the
chairs. melissa: the actual cruise line is cracking down. here is out, putting stickers with the time on shares that empty, but being saved by tells with books and stuff and that no one shows up to claim the chair within 40 minutes of the sticker being put out the staff removes the item in the chair is up for grabs. >> it's like parking in east hampton. they give you a ticket. al of the idea. i hate the she lounge talks. >> carnival. they're getting a little hostile. people are on vacation. the comeback. move your stuff. >> fight over those chairs. that's probably what it is. melissa: i can't even make a good argument about it. i do hate the chair rocks. those people that sent the nanny and are something of 7:00 in the morning in hock up eight of the
best fares and in the don't even use them. totally irritating. >> finally company has done that. that would make me pick that cruise line over another. melissa: all right. next month, for the fourth year in a row the u.s. has fallen and the worst competitiveness rankings, now down to more places in 2011. in seventh place for the year. the reports as the u.s. is still the world's innovation powerhouse. what to you guys think about this? germany passed as. of course this was done by the world economic forum. very swiss and external controlling. they plan that slopes and as of the best places to do business. singapore, singapore, they used to fine you for chewing gum. i just would question the validity of the survey even though i don't question the overall result that we are not as competitive globally. >> u.s. are so entrepreneur all, lots of businesses, lots of new ideas, lots of folks here. melissa: government's getting in the way. that is part of what this says. all the fight over the debt
ceiling, dragging yourself down, the red tape, the taxation, losing a repetitiveness. that is true. >> it is. we need to do something to fix that. the anti business deal in washington right now, suspicious of profit. they declined -- decline the profit motive. a big line from the first lady last night he says we believe that what you do is more important than how much you aren't. everyone clapped. why the democrats so in favor of earning less? melissa: i don't know. mattel's is opening its first vegetarian outlets in india. allocations are in two of india's most sacred spiritual sites. people adhere to traditional indian believes that eating meat is inappropriate. is this the start of a new trend? >> mcdonald's as a client, some very happy that they did that. >> i think this is still the wendy's ad campaign, where's the beef. melissa: i think this is very cool. it's very -- adapt to your surroundings