Your World With Neil Cavuto

FNC

Aired on Tuesday, Nov 23, 2010 (11/23/2010) at 12:00 PM

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Transcript

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00:00:49>>Neil: TAX CUTS IN LIMBO, AND The white house reportedly set with a new plan, forget the bush tax cuts, we are now talking luncheons and private meetings with c.e.o.'s again.
00:01:03And now, skip the sandwiches, just slash the taxes.
00:01:10So, jim, you are getting tired of this stuff.
00:01:16>>Guest: GOOD TO SEE YOU.
00:01:18Skip the sandwich and give them something they can dine on.
00:01:22Quit talk and start the walking.
00:01:24Businesses are tired of the uncertainty created by the administration.
00:01:29Higher health care costs, higher social security taxes, payroll taxes, and they want the bush cuts, extended permanently, the bush tax cuts extended permanently.
00:01:40>>Neil: WE ARE GOING THROUGH All the meeting the president has had since he came to office with different groups from the health care to the auto guys to the banking guys to environmental leaders, but you saying nothing has come of this because all of the leaders are ticked off after they leave, right?
00:01:58>>Guest: THEY ARE TICKED OFF.
00:02:00And tired of trying to be charged to death.
00:02:03It is not working because of all the real things that are thrown at them as soon as they walk out the room.
00:02:08They are seeing attack, attack, attack and nothing to hang their hat on.
00:02:16And all the phone calls and meetings, and press conferences, and all of these things where the president is trying to show he cares, belie the fact that the actions show that he is attacking small business too frequently.
00:02:29Too much uncertainty.
00:02:30And that is the enemy of job creation.
00:02:33Do something that business can hang their hat on.
00:02:35Cut the tax rates.
00:02:37>>Neil: BUT HE ADDED MORE TO That today with the comment on the bush tax cuts and their extension and made it very clear something dear to them will not happen soon.
00:02:46From the big guy.
00:02:49>> We disagree if we can afford to also borrow $700 billion to pay for extra tax cut for the wealth of the americans, for millionaires and billionaires.
00:02:59I don't thing we can afford it right now.
00:03:01Not when we are going to have to make tough decisions to bring in the deficits.
00:03:06>>Neil: SO THE UPPER INCOME Which now is extended to millionaires and billionaires, they are all part of the same crowd and leaving that out, obviously, a hint of a compromise of two or three year extension is out the window.
00:03:22How did that go down with business?
00:03:24>>Guest: IT DOES NOT AT ALL.
00:03:25Look, all the small business owners and most of my clients small business owners, I talk to them each day the last thing they want to do is take on a new employee when they have all this uncertainty.
00:03:37Forget health care costs, the biggest uncertainty, they did not know what the tax rates will be, and most small business owner, they are the ones that create jobs.
00:03:4770 Percent of small job creation are people like us, they might make $200,000 or $250,000 and they are not rich.
00:03:55They cannot hire people.
00:03:58>>Neil: THANK YOU FROM DALLAS.
00:04:01And a relationship with big business has more mixed signals than a bad marriage so I decided to go do my buddy, cooper lawrence.
00:04:12She helps in relationships.
00:04:14>>Guest: THIS IS A Relationship we are talking about.
00:04:18If you look at marriage counseling it brings two sides together to look at each other's sides and get a perspective so each side can be happier.
00:04:27If we applied more of our relationship stuff to business stuff we could have good stuff.
00:04:34>>Neil: THERE HAVE BEEN A LOT Of sessions, right?
00:04:36We talk about the sessions with business leaders, and they are not lacking for want of getting together.
00:04:44But you saying they actually have to do something.
00:04:47>>Guest: THEY DON'T LISTEN.
00:04:48You it is there with a couple not getting along you find each one has an opinion, each has a side, but they do not have empathy for the other.
00:04:57>>Neil: WE WILL TALK WHAT THE President has to do.
00:04:59If the other side is saying and this is representative, we want tax cuts, we want certainty, give us some certainty, should heathrow them a bone, one or two year extension?
00:05:10>>Guest: THAT IS WHAT A Relationship is, compromise.
00:05:13The first thing a marriage counselor would say, compromise.
00:05:17Because in order for each side to be happy you have to give up something, you cannot be stubborn.
00:05:22If you are stubborn, whether politics, business, or who is tabling care of the kids it is the same thing.
00:05:29>>Neil: WHAT DO THEY HAVE TO Do?
00:05:32>>Guest: GIVE UP SOMETHING They don't really want to give up.
00:05:35That is the idea of creating a relationship.
00:05:38>>Neil: WHAT ABOUT WE WILL Raise you?
00:05:40>>Guest: IF THAT IS WHAT HE Needs, why not?
00:05:43>>Neil: WHAT IF THEY ASK, YOU president, quit calling us growedy and fat cats?
00:05:51>>Guest: NAME-CALLING DOES NOT Keep a couple together.
00:05:56Name-calling is a dealbreaker for a lot of people.
00:05:58You call me a name I am not coming to the tail but obamas have a happy marriage so if he can apply the principles to his business world, everyone would be happier, certainly him.
00:06:09>>Neil: HE IS A VERY FRIENDLY Guy, why can't he relay that with business on a consistent basis.
00:06:17>>Guest: COUPLES DO THE SAME Thing.
00:06:20Do you know how many successful women I know who are single at 50 because they cannot apply the business techniques to their marriages or their relationships with men?
00:06:27It is a common thing, people keep the two things separate and it is the same.
00:06:32It is relating to somebody else, giving someone else what they need, even if you don't want to, stop being stubborn.
00:06:40Group hug.
00:06:42>>Neil: GREAT JOB, PLANNING TO Pay cash for everything this christmas?
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00:10:01>>Neil: 70 PERCENT OF Americans are planning to pay cash for the fruitcake this christmas.
00:10:05So, what are the credit card companies doing?
00:10:07Offering major rewards to get the 70 percent back.
00:10:11And now, do not fall for that deal.
00:10:17He joins us from his hit radio show, dave what do you make of had?
00:10:22Obviously the credit card companies are worried.
00:10:26>>Guest: THERE IS A GREAT BOOK By my friend called "tribes," talking about the ancient ways of marketing that were done in the 60's and 70's to get the public involved in product lines are so old they will not work, and the idea of drumming and drurming and drumming and hitting the same beat over and over and over and people fall for it, that is done.
00:10:48Those days are done.
00:10:49The consumer is more sophisticated, and smarter, and they just went through a recession and are in the going back in.
00:10:55The credit card companies are taking it on the coastline and they will continue to.
00:11:03>>Neil: SO, WHATEVER THEY ARE Offering, do not be sucked in?
00:11:08>>Guest: OF COURSE, DON'T BE Sucked in.
00:11:10Ridiculous.
00:11:11A b.a.i.t. -- a bait and switch.
00:11:16You will get hooked.
00:11:17Don't do it.
00:11:19Just understand that this is a game to get you in and the trick is, these are multibillion dollar companies, they focus group you so much they know what you drink before they make the offers.
00:11:33They do not make mistakes in marketing offers.
00:11:37And people are so arrogant they say I am smarter than bank of america and smatter than city or sears and I am going to take them on and I am going to win and beat them.
00:11:47I will get the discount and nephews the card.
00:11:49Well the numbers temperature us you are full of it, and you will use the card.
00:11:53>>Neil: LET ME ASK A PERSONAL Question, the rich tighten that -- the rich titan that you are, and you are tight with buck.
00:12:04You go christmas shopping at the mall, like a wad of bills or what are you doing?
00:12:12>>Guest: I TELL PEOPLE, SANTA Says make a list and check it twice and but the a dollar amount besides each name and total it, and you can do that on the outside of an envelope called the christmas budget and put crash in the envelope.
00:12:26>>Neil: BUT YOU HAVE A THICK Envelope going to the store, right?
00:12:30You are the guy would I will mug because I know you have that big old envelope.
00:12:39But that puts you ahead; that practical?
00:12:43>>Guest: ABSOLUTELY.
00:12:44Very practical because what else happens when you spin the money, it hurts, you carry the $100 around in your wallet, and you spend less the studies show.
00:13:02>>Neil: WHAT ABOUT DEBIT Cards, they are the sail thing as cash.
00:13:05Using them.
00:13:06>>Guest: KIND OF BETWEEN CASH And credit cards because you do not feel the pain as were because you do not handle the green but you do have the connection in your emotions that something just happened to your checking account.
00:13:19So be came -- careful.
00:13:24>>Neil: SO YOU ARE SHOPPING For me and you have the envelope, and you only have a limited amount for me, you have written a number in mind for me, and all I am getting is the single sausage roll.
00:13:40>>Guest: YOU PIT IN YOUR Order.
00:13:42You put in your order.
00:13:44You want the sausage roll from hickory farms.
00:13:49>>Neil: GOOD ADVICE.
00:13:51Thing of this before you get in knee-deep.
00:13:53Great to see you, dave.
00:13:55>>Guest: HAPPY THANKSGIVING.
00:13:58>>Neil: LOVE, LOVE, LOVE THAT Guy.
00:14:02North korea's attack on south korea pushing the dow down and gold is going as the dollar was rising, and normally that drives down the gold prices.
00:14:23And why is chrysler getting applause from this president and nissan and walks wagon -- and VOLKSWAGEN, NOTHING? s9GÑ@Ñez?íWçz89÷ñl/ óuyçw í ;s÷ ó5w Omébúót xçÑoq?o% ñoéçm /=óKG @cow7x >>Neil: A PICK ME UP LETTER TO employees during the groping and feeling up and all of this stuff that has people ticked off.
00:17:57She is wanting their backs saying as we prepare for the holiday travel season, janet napolitano writing I want to personally thank you for your work and the threats we face in aviation are real and we are meeting them with a strong and dynamic response that has tick off a lot of people flying and the agents but she says keep doing what you are doing.
00:18:24Feeling what you are feeling.
00:18:26Doing what you are doing.
00:18:28And the president in indiana at a chrysler plant being back on line and on the way back to doing well, a long way from the state of tennessee where a knee -- nissan plant has hired more people, and another that will employ 2,000 workers, and we have democratic congressman.
00:18:53Do you feel slighted?
00:18:54>>Guest: NOT REALLY.
00:18:55I am happy we have investment in tennessee and chrysler is an all american name and I would like to see general motors and ford sell a lot of product.
00:19:03>>Neil: YOU DID VOTE FOR THE Bailout, congressman, and you thought it would benefit everyone, but I guess I would is liked to have eastbound any president come to your fine state to back american auto workers, even those who work for foreign players, but I didn't see that.
00:19:23>>Guest: I DON'T KNOW WHY HE Was in indiana but general motors is would I want to see succeed I want american automobile business successful.
00:19:33We need to invest in america and make the middle class large part of our economic come back so they can spend the money necessary to get us out of this recession.
00:19:42>>Neil: I HAVE HAD A LOT OF These auto company executives on my fox business network which if you do not get you should demand, and something that came through in a lot of interviews, was that some got ticked off might have an advantage that not only a favorable treatment from the government but that it is sort of preferred auto company, and that they are at a cost and other disadvantage.
00:20:12Do you buy that?
00:20:13>>Guest: I DON'T HAVE A Problem with that.
00:20:14We have exported too many jobs overseas, and we have outsourced.
00:20:19When I pick up the phone and try to get a flight to louisville and I get something from indonesia and they ask me which louisville I want to throw up.
00:20:28You caught to be able to get an american person that knows where louisville, kentucky, is, and i think if we help our industries here and create jobs in america that is great.
00:20:38>>Neil: AND THEN WE SHOULD BE As gung ho on nissan coming out with a car like the leaf that, i guess, will get better mileage than the volt?
00:20:50>>Guest: WELL, WE OUGHT TO GET Mileage with our american cars, but the american --.
00:20:57IN>>Neil: You are getting better miles?
00:21:02>>Guest: THE GENERAL MOTORS Executive stays in this country and nissan, the money guess to japan and I want americans to prosper.
00:21:09>>Neil: SO YOU ARE ROOTING FOR The executives in another state than all the workers in your own?
00:21:15>>Guest: I AM FOR AMERICAN Products.
00:21:17I was an american league fan when they had mickey mantle.
00:21:22I am staying american.
00:21:25>>Neil: MY QUESTION WAS WHAT You are more inclined to sport michigan jobs than the ones in your fine state?
00:21:33>>Guest: I AM FOR JOBS IN America but for american production and bringing jobs back to america and I am for american companies being successful.
00:21:43>>Neil: YOU LIKE THOSE GUYS IN Michigan a little more?
00:21:47>>Guest: I LIKE MEMBERS.
00:21:49>>Neil: GOOD ANSWER.
00:21:50Congressman, where do you stand on the tax cut debate?
00:21:53The president is making it clear in the indiana stop that no compromise on extending the tax cuts for the wealthy which means, I guess, at the rate they are going in the lame duck session these are toast?
00:22:07>>Guest: WHAT I HOPE WILL Happen we will vote open the 98 percent, and that is, even that is contributing to the deficit but not as much as the upper 2 percent included an additional $700 billion over 10 years to the deficit and we have to deal with the deficit and that will deal with tough decisions.
00:22:24Not only taxes but spending.
00:22:26And I am willing to make the tough decisions.
00:22:29>>Neil: BUT WHAT IS WEIRD, I Love you dearly, and you allegation answer the question but this deal on the party of your, the zeal on the part of your party for deficits, like me discovering salad suddenly, where did that come from, a few months ago you bashed 20 different, rather, passed 20 different so-called emergency measures that did not have to paid for and cost over $200 billion, and no one said anything about there and now you found religion, and now you care about it.
00:23:03>>Guest: WELL, I HAVE ALWAYS Cared about the deficit and john tanner, my colleague, and the blue dogs talked about the deficit more than anything but they were defeated independent of the fact they were deficit reduction people.
00:23:18We need to make difficult decisions.
00:23:20I am willing to make them and i don't think the recommendations of the committee or the bipartisan recommendations made this week should have been tossed out or tossed out by nip.
00:23:30The 2 percent cuts for the richest, the senate republicans ought to be forced to fillibuster on the floor, stand up there like stewart and fillibuster into christmas night and tell the american public they will keep 98 percent from a tax break because they are concerned about the healthiest in the country, and the ..
00:23:55Happy thanksgiving.
00:23:56>>Neil: THE STORY IS NOT Stocks but investors the world over are running someplace else because of a nut.
00:24:27.
00:25:07Long before a cummins dieselengine powered .
00:25:13It roared to life out here.
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00:25:22And is only available in a pickup, under here.
00:25:29The ram 5 year 100,000 mile warranty covs you everywhere.
00:25:36Ram.
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00:26:05Rethink possible.
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00:26:08I've been looking at the numbers, and I think our campus is spending too much money on printing.
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00:27:13>> Neil: In the end, when push comes to shove, they need us.
00:27:17They don't love us.
00:27:18Many don't even like us, but they need us.
00:27:20They rip us, but when everything hits the fan, they looks to us.
00:27:25This whole korea thing proves it again.
00:27:28As markets the world over started quaking when the missiles were firing, where do you think a lot of investors were running?
00:27:35To our dollar!
00:27:39To our dollar.
00:27:40It hit us versus the dollar today.
00:27:43Our buck.
00:27:44Align the world over investors who only plain about us when it looks like the world is crumbling around us.
00:27:53Today is the latest example, I've seen it again and again.
00:27:57When everything goes nuts, every nut who ever ripped us goes to america.
00:28:02Because I didn't catch any flight to quality in china.
00:28:06Or germany.
00:28:07Or france.
00:28:08Or any other country, save this country.
00:28:13With all its problems and deficit and the inconsistency, just this consistency.
00:28:19On our worst day, a better alternative to any other country on its best day.
00:28:23That says something about us.
00:28:24Sure, we've got bumps, but we're still a beacon.
00:28:28Nothing proves it like putting money on it, on us.
00:28:32Today the story wasn't stocks my friends.
00:28:41Today, the story was a port in the storm.
00:28:43Found here, my friends.
00:28:44Us, my friends.
00:28:45Only here.
00:28:46The new world order clearly recognizing the old world leader.
00:28:50It's good to see.
00:28:52It's good to know.
00:28:54It's good to us.
00:28:57So the next time everyone tells you americans are declining, blah, blah, blah look what happens in crisis.
00:29:07Everyone comes running to papa.
00:29:09One hour from now, on the fox business network, he is using his body to prove what he says are harmless airport

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