Also in this playlist...
This transcript is automatically generated
The money -- Eric -- gold its white hot.
Yellow stuff broke new records today again over 16100 dollars an ounce what does that say about a -- and comics.
I'll tell -- it's not good people flee to gold is a safe haven in troubled times and that's exactly what we have now.
Take a look at oil fast approaching a hundred bucks a barrel again.
And this one take a look at gasoline.
Obama first took office and today housing starts there was joy in some quarters because the number jumped.
Jump to where take a look at this chart housing starts have been stumbling and bumbling along since 2008.
Remember that's what mr.
Obama was elected.
Some Washington want to.
Cut captain balance that plan would cut spending by a 101 billion dollars in 2012.
Impose spending caps on runaway programs and require congress to pass.
Bob balanced budget amendment before raising the nation's debt limit.
Earlier today after the market closed.
The house approved cut -- and balance a good first step but guess what it said to stand little chance in the senate.
And the president is already said he'll veto it anyway.
-- -- our congressman Dennis Ross of Florida was serves on the oversight and Government Reform Committee.
And congressman Kevin Brady of Texas of the house Ways and Means Committee once great -- to congressman from states that have no state income tax fantastic.
Let's start with you and mr.
Ross and started -- Florida.
Look gold has made a record high eleven days in a row in the -- gold it is.
An investment for people were fearful of the economy.
What is that telling us about Obama nominates.
Wanna tells us that were losing faith in our currency but more importantly it shows over losing faith and our leadership.
And and -- whatever plan he decides to come up with -- yet he has had yet to come up with a plan it's taking us down a path where we are.
As as a nation becoming more more concerned that we're not gonna be able to make.
Our own mortgage payments be able to have to live our lives -- we want to live our lives.
Give government more more in our lives.
His Obama -- -- plan has done more -- to ruin the heart and soul of our American families than anything else I've seen in my generation congressman.
Brady fighting -- if I may I call Obama -- it's an epic fail.
One of the things that's failing -- is providing jobs creating jobs I mean fourteen point one million people out of work sir.
What do you figure Texas you're you're able to create jobs there what are you doing in the -- -- that the federal government can't seem to figure out.
Well in Texas we -- removing the uncertainty.
The business is no -- they relocate there that they have very low taxes very common sense regulatory structure.
They know where they say is going with -- debt and deficit none of that by the way do they -- the federal level in fact you made the point.
I -- people unemployed but we have fewer people.
In the workforce today than a quarter of the century.
Our unemployment rate would be dramatically higher in the normal now people are actually looking for work but they've given up and I was like remind people we have this.
Almost a million have fewer Americans working today.
-- when the stimulus began so I'm with the I think -- many huge fairly question is winds of president Dennis ended.
And start with a -- People businesses people individuals by small business owners are leaving high tax income tax states like California and Illinois.
Coming down to -- two states Florida and Texas but specifically your state are you seeing that -- -- -- -- Oh yes definitely you know -- -- we we do have a business friendly environment.
But get like -- my colleague here Kevin says you know.
It's the certainty that we're looking for not only certainty and tax policy but certainty in the regulatory environment and the regulatory environment that this president has constricted American business on.
Has done more damage.
No matter what stage you have there -- -- that the business friendly environment may be without it -- a regulatory environment lets businesses compete indeed what they do best.
You're not gonna see the economic recovery that we need to see congressman -- you have they -- governor Rick Perry who said.
Cool what goes up parents has come to my state Californians Illinois -- Massachusetts ends.
What to what would you say it is he does he have this thing right that it is it we need to lower taxes at a federal level to create jobs.
-- he he's right.
And you're right.
Governor Perry -- who says look if you want a pro business environment if you want any state -- -- July the right to work.
If you as -- company one invest with the fear rate of return Texas is the state to do and like floor I think those tax.
Those attacks limitations and lower taxes have a big difference and I think some great lesson.
-- here in watched especially now the debt ceiling where the depressed -- just stuck.
I'm higher taxes more regulation I can't think -- worse recipe to get the economy moving again.
And I congressman Ross earlier today we heard the sound bites from one of the most successful businessman on the planet Steve Wynn who runs.
Wynn Resorts casinos and resorts in Las Vegas and he basically said and I'm -- paraphrase here -- use the word on the paraphrase is we've used that same word.
He called the Obama administration mr.
Obama is a -- and on X.
Not that different from socialism.
What what -- you -- Well I say we need to get government out of the business of business and entrepreneurs do what they do best at the American spirit the American exceptional is in that made this country so great.
Which is the ability to innovate and succeed without government getting involved.
We need to have that -- our game plan Obama -- has been anything but that.
They not only been a player but they've also been the red refereeing they've done so to the detriment of the American family and to American business what about -- congressman.
Congressman Brady Obama -- a similar to to socialism.
My yes and -- -- what is it is Steve -- said been wet blanket.
On business and job creation.
If you want turnaround -- to change course we need to get -- in.
Out of the way this recovery our American economy can bounce back with government in the way I'm not -- -- will him and.
We only have about a -- between the two you guys let me ask you first congressman Ross.
What the EU live in you -- -- state we surrounded by water but that water also has a lot of hydrocarbons it has a lot of oil drilling.
Our would you be willing -- to support some offshore drilling.
Course of course -- can take care of itself and I believe that we need to be in charge of -- of all of our waterways and of our beaches we can do what we have the technology.
Eight you know we need to be added.
Often this dependence on foreign oil and we have the resources off our -- we can do it without affecting our tourism we can do without affecting the beautiful beaches that we have.
Let us control that -- and what about.
-- congressman -- is Philo semite.
And -- the president really wants energy to -- more even more weight in the depths of put our energy companies back to work he leaves seven.
Billion dollars worth of revenues on the table each year -- not exploring and about one million.
Good paying US jobs -- to be great for the economy so we've got the solution.
It has served yes sir thank you so much congressman Dennis Ross and congressman Kevin Brady great having -- -- -- -- -- -- and I guess -- -- --
Filter by section