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tv   Cashin In  FOX Business  July 21, 2013 9:30am-10:01am EDT

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>> boy, you guys are good. eric bowling continue.bowling >> why is capitalism under attack here. uncle sam trekking yourer move zooming in on your license plate. and they are storing your into. cashin' in putting you in the driver seat right now. >> wayne, and johnathon and bob and jamushgs.
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capitalism under attack. others lotting walmart and others bank businesses. >> if i see any violence, i will remind folks that that dishonors what happened to trayvon martin. >> and now protestors are urging a boycott of florida. johnathon, these businesses had nothing to do with this. why is capitalism always under attack? >> it is frustrating, eric. the zimmerman case and occupy movie and nato "protest". just interested in destruction. the total destruction of values. not like they want to take over and make money. theyant to see the business owner lose that business. theyant to so otherr people fail. and it is just the hatred of the good. and private businesses for being the good and calling them
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protestors is generous. they are vandals and these are riots and they should be treated as such. >> we have two liberals on the set. wayne, hang in there. you are shaking your head. what did capitalism have to do with the murder trial. >> i missed your she and now i am onith johnathon. he is fine for a right- wing capitalist. i agree with the shouldn't call them protestors. there is very now people what you did. you took a few isolated incidents. most demonstrations are peaceful and we forgetbout the verdict. we are after florida for their ridiculous what they call that law. mandatory stand your ground law.
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>> let me get to wayne. bob said they have a right to protest. we are looking at mashed windows and a walmart shut down bececau of protest and it looks more like vandalism to me. >> it is, eric. they don't care. it is against the status quo. any time tre is an issue that they want to take and make a thing out of it, it is against the status quo. we are a capitalist society. they so a structure there that represents something they are against and they destroy it. and it i crazy. by the way, the thing about our system that is so wonderful, we always talk about the majority rules. but the majority rules with the consent of the minority.
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e minority consents. they don't consent. they want to go out and raise hell. pele like sharpton who is a total irresponsible bum. they want a moral issue to turn in a political thing. >> what about it ja mu? why the businesses and why target them spectacularly? >> a small number of criminals rob a store, that is not an attack on capitalism. talk approximate the boycott in florida. we have a rich history of boycotts in america from the montgomery boycotts to the boycott against companies that supported south africa. this is the fabric of our country and it has worked. protestors and stevie wonder and protest florida and not going to
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diny world and time son. >> ja mu makes an impornt distinction. i don't reeut i support. if stovy wonder and deionar wick don't want to go to disny world or florida that's their business. but smashing a window and looting a walmart and destructing a private business is not a protest. martin luther king protested, but when you throw a brick against star bucks that is not. >> i will put up what stove wonder. >> idecided until the stand your ground law is abolished in florida, i will never perform there again. bob, you and i have gone back and forth. stevie wonder is he going to pull out of 23 states and boycott them? >> i don't know. he picked out florida. i will go back to what johnathon
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said. people w broke the windows were a small minority of the people protesting? >> it is a small mierpity, bob. but by does it seem when they get up set they tock it out on a small business? we saw it with the nato protest and occupy movement. individual business owners get hurt by the business. >> it is criminals from the left. >> and wayne, johnathon points out the occupy movement and let's attack businesses and what is so evil about a business that employs a lot of people? >> eric this is all irrational. they are outraged. they can take it out on anything that is in their way. in the los angeles riot.
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they destroyed part of the businesses to support the community. they are not protesting. and martin luther king. and gha ndi. it was always nonviole. >> okay, we have spent how many minutes talking about something that says. >> remember the arizona boycott. nguys, roll video for ja mu. here is the video. this is not 5 or 10. these are cities in the country. and folks in south florida. it is. >> that is a hell of a editing
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job. we rerun the scones 15 times. >> why not put it on. >> and why should we find vandalism to a business in >> did you notice there was a tea party ralhe guy was caught being a racist on tape in >> no. i would refer you to. >> i don't think he represents e te authority a party. >> john? >> i deplo re racm. you can reason with people and trade with them as businesses do or throw a brick through the windownd the so- called occupy protestors. protestors. coming up, it is not just
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at a dry cleaner, protestors. coming up, it is not just we replaced people with a machine. what? customers didn't like it. so why do banks dot?
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headquarters coming your way, next. >> think aut this. the government may be tracking your every move in your car. the aclu showing how law enforcement is collecting and storing digital records on you so they know where you are and where you have been. bad news, johnathon? >> it is so -- this monitoring
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and snooping on innocent americans is so new to this country. less you are committing or suspected of committing a crime, governments tend to leave you alone. going through your mail and movements and looking at reporters e-mails a like. there is a quality about that and monitoring innocent people and making friends with the muslim brotherhood? >> and for no reason, take maryland. 29 in the five- month period. theyook 29 million license plates they took. of those, there were less than one percent. one in 500 was suspicious. nen percent of those were technical and that is to say somebody violating a parking ticket or something like that. that's all it was. they are amazing an enormous amount of evidence to a cows people are something and people are not guilty of it.
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it is crazy and costs a lot of money. nbob, you and i, this is probably the only thing we see eye to eye on this. >> i agree with wayne. this is unamerican activity as you can possibly do. there was a time when they targeted people who were criminals and people. and now they are targeting all of us. where the hell do they have the right to take my license plate? it is none of tir damn business. what do they use it for? like maryland, ten percent or ve percent of the people had parking ticket violation. they stay out of my damn car or tsa agents can go through the trunk of yourar without a warrant. it is back to the patriot act. >> i am not sure it goes beyond that. >> it is total tarrism.
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njamu are you okay with this? >> i don't have a problem with us using technology to keep us safer especially think if there was an attack and we didn't employ this technology all of the complaints and the outrage. and there is an amber alert. en nhang on, fair enou. there is a problem. >> what in >> checks and balances. >> here is the problem. before they data mine you. an they violates the constitution. i keep it in the pocket for a ason. no unreasonable searches and seizures and if you do this activity, there is two words. probable cause. >> i in a ate of shock my liberal sister would take this
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position. where do they get off doing this? for wht? >> it is the 21st century. >> and we know a kid picked up and general idea that is legitimate. but ib discriminately takedown license plate. >> justification. going to keep us safe. we need to keep us safe. we are looking for a need will in the haystack. what is iron. we don't need the haystack. we know where it is. it is militant islam and jihad. and we placate and make innocent citizens the enemy by looking at e-mails and license. >> the problem is bob pointed it out exactly. it is a tolitarian point of view. the fact of the matter, there is no reas for the government to intrude. it is another extension of the federal government trying to get in the private lives of the
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people in the united states and it is wrong. >> coming up. going from license plates and going from license plates and a license to steal, and every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last fiveears - making bp america's largest energy investor. our commitment has never been stronger. there is a pursuit we all share. a better life for your family, a better opportunity for your business,
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to another healthcare scare. now there's concern the president's law could leave americans vulnerableo theft and fraud at the hands of the healthcare navigators. the councils supposed to help people enroll but the california insurance commissioner, democrat, is warning that no one is make sure that navigators are being properly screened and monitored.
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these people will have access to four financial and medical records. we should all be worried. >> oh, yes, comes back to what bob was talking about earlier, the intrusion of somebody into your private life and we don't know anything about ththese navigators. they're not going to necessarily be investigated for their background. they're going to have absolute access to your personal information. they said the report of healthcare fraud in 2012, in the fbi reports that between 75 and 250 million. rand report supported that. in other words, healthcare fraud is going to be rampant. it's a bad shot. >> 200 billion but go ahead, bob. >> you're right. >> the thing i don't -- who do you think we're going to leave it in the hands of. insurance companies? those are the great frauds, take advantage of obamacare and raising rates and they have acce to your medical and
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records. insurance case? they should all be locked up. >> we know know these healthcare nagivators will know everything about us and they could be criminals. >> well, they will be fraudulent, eric, just like every major -- every government progra full of fraud. 20% plus. it's not just in medicine. it's in housing, it's in student loans, it's in food sub days in t.a.r.p. in proprocurement. bob asked whose hands should we lee it? the in the hands of individuals. individuals, and including companies, they watch the bottom line, they have every insenttive to stamp out fraud. when you're the government and getting tax dollars year after ye you have no innocenttive to cut fraud. >> this commissioner is a dem contracted but t g.o.p. saying, bewary of this. >> they could be felons but they're churches, they're nonprofits.
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this is what is so messed up about washington. you have the loyist for the agents who don't want this competition, going to republicans and saying, please help us. please stop this competition from affecti our businesses. when actually the competition in and transparent si of the affordable healthcare act its bringing healthcare costs down for americans. >> hold on. >> eric is this fair practice? >> we work hard, they're cashing in. these navigators are cashing in. we're going to spend billions of dollars paying them andwe don't know who they are. and the record -- i'm not sure i want them with my medical records. >> i think, eric, we have a hike crow comp -- microcosm in this in detroit. you have so many people on the public dole who are using that information ill illegally to get
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at private enterprise. and the as long as there's competition this insuran companies will compete a they have to obey the law. so if they they're caught they can be punished. these individuals can get away with it before you know it happened. >> the insurance industry is the only one besides major league baseball exempt from antitrust laws. the fact that every insuranc company can know abt my medical records drives me crazy. >> last thought. >> i agree, drives me crazy, too. i'm not disagreeing about the knowledge. it's the mis use. >> what -- nothing about the obamacare that is competitive because it's all based on force. forcing you to comply, and of course it will chock-full of fraud. the question is why do we pursue policies we know are going to waste hundreds and billion0n0s dollars a year. it's bad philosophy. sacrifice yourself for everybody else. >> we have to go. thank you for joining us. cong up, glorifying terrorist,
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is it also a symbol of an even is it also a symbol of an even bigger problem any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay.
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time for what die need to know for nt week. wayne you had a big winner, up about 20% in a couple of months. what was it? >> pcrx. i like it very much. i own it. i think -- it provens 40, be careful around that area, but it's got a lot less in it. >> smashed, good looking, and
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make us money. jonathan? >> capitol was very proud to be the first heavenly fund to advertise in 80 years. last week the sec actually struck down the cruel the hedge fund operating companies and the investing public are going to benefit. ozm is on my list. >> stay hot, jonathan. thank you, guys, and here's mine. every once in a while somebody does something so egregious it causes an uproar. a bipartisan uproar. young people and old, actors, bloggers, journalists, parking back hard on "rolling stone." what message are they sending our kid that it if you're not a rock star you can still earn your 15 minutes of cover fame by killing and maiming innocence people. i'm a free market guy and i never condone boycotting but "rolling stone" you e america an apology. stop glorifying hate for the
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