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FBN’s Stuart Varney sounds off on the president’s call for higher taxes and how it will impact the economy.
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Portage your -- -- I went to Singapore and Australia little business a little family visit.
-- on the -- -- fun of them going it was terrific you know Singapore very interesting place.
Australia was terrific but.
Wildly.
Expensive.
More expensive the New York City yet crazy stuff crazy.
Yeah well like -- but what was expensive elected example.
-- on went down bought some -- for the family dinner that night he bought two quarts of ice cream.
Okay admittedly high end nice creamy rich ice cream loaded with cholesterol.
The cruelty eight dollars.
US dollars 48 US dollars for those two quarts of ice cream one -- want chocolate 48 box that's expensive.
-- court Tobias crime yes I kid you not.
-- you know I'll I honestly -- about them to court to widescreen mom -- and scream.
Holler cholera and service in Africa.
Took mighty us on his wife and the two and two grandchildren to the aquarium.
Current state two hours 140.
US -- 140 books the aquarium in Sydney Australia about a half an -- got David Herbert come out of what are this morning.
-- -- -- -- But how that tormentors killer whale hall show why your life insurance casesa very good Segway I would've thought the aquarium expensive Sydney.
Killer whales that C world very good -- very good should -- -- a little finished.
And so -- -- carnal mind you know on.
Are your show about a -- if you're not fair.
Underwear -- that.
I am aware that my show is very well handled -- -- by a million US to mobile Charles patent goodness fund.
There's slime but -- -- motor Europe a lot of discriminatory out of sight.
Amount dismissal and another -- Imus thank you very much ended fiscal anyway and I'll take -- -- -- -- Mitt Romney is gonna releases 20102011.
Not -- -- -- house goes of course.
And it's -- robbers relates to the people yeah.
Yeah -- I don't play administrative -- amount of the worst -- or whoever lived with no idea I'm -- ideology -- got talent on this you really do you can be bought some land into marijuana really well almost as good as the royally but -- actually -- -- -- Anyway Mitt Romney releases 2010.
2011 to -- turns.
It is said that -- -- enough.
Note.
Look the -- been running for president for what six years altogether.
I would have thought that he would have cleaned up his tax return on to the point why you can release it all cleaned up his personal finances so -- got nothing to be embarrassed about or ashamed -- of he -- six years to do this he hasn't -- that is a deficiency in his candidacy in my opinion period.
Rob a man a lot of great line.
You're obviously aware of and out was we released -- three or eight years -- whatever was.
On his tax returns to a dollar -- -- being -- -- run for.
We've driven them -- seven.
So McCain took a look at Lebanon's -- -- -- bulletin.
This benefit and it that I'm puzzled about and I think.
Though he he should -- clean things up -- but please.
Don't let that detract.
From that what should be the central theme of this election.
Which is which direction do we want America to go -- Do we wanna be more like Europe that's what President Obama wants what do we want to be like America the way America -- a big.
I'm here to tell -- Imus that this economy right now is headed for disaster.
It's dead flat there's virtually no growth high unemployment massive debts.
And the president's policy is to increased taxes.
Now that's stunningly incompetent.
At a financial level -- will lead us to disaster.
Now everybody thinks that he's just raise taxes on the rich raising -- taxes on the rich is much more than acts.
The president's -- -- policy already part of legislation.
Is to raise taxes on income.
Interest dividend profits biotechnology.
Company's health insurance health insurance policies and met -- cat.
All of those taxes will go up that is the declared policy of the president the United States.
When were already in a no growth economy with high on employment.
That is financial incompetence.
And that should be the main theme of this election not Mitt Romney and his tax returns or so called outsourcing -- Bain Capital that's a distraction.
Get on with the job of figuring out how we're gonna get some growth in this economy please.
Well I suspect -- -- -- of summit about to have -- -- and all this stuff or current now on a normal summer.
By the time -- -- -- September.
And October and so on.
I mean live and then these debates -- -- try to bring -- -- -- about a lot of I don't think people are going to be concerned about.
Mitt Romney's taxes.
Or Bain Capital are -- Elsa you're gonna be worried about their own capital him.
Yeah I I agree with you look this is -- some would distracted would we're at the beach -- doing other stuff were on vacation.
And the president has spent -- -- hundred million dollars in the last four or five weeks wholly negative ads.
Going after Romney on Bain Capital outsourcing tax returns.
A what does it got the president.
He's just dead even in the national polls it hasn't really made any serious inroads -- -- despite all of that money.
He would've expected in two.
I think that Romney is holding -- via holding back on the money.
Come late August and September he releases the money goes out full tilt on the economy just when the economy is looking even worse but -- looking today.
An engine was running a Smart campaign.
Art restorer -- show of Monica millions of took ornament was -- -- -- eastern time.
There on the fox was historically -- on.
Many other shells on media -- -- we're cannot Fox News and there's -- -- Own thoughts and dreams -- -- -- -- -- -- all of them every morning her PSI am clear yet so great Sheila lynch.
-- great show but a particularly dull -- shelled out and out.
Market and reporting to -- why would somebody have a Swiss bank -- -- -- I don't I don't know now.
You're Stewart money doesn't know why somebody would have a Swiss bank -- do you know Bernardin.
Well I consists I look I can speculate.
But that will be wrong you could speculate that you are hiding money.
And that -- hiding the income from a Swiss bank account which would be illegal by the way.
-- catch him believe that Mitt Romney does that I could speculate.
That may be his money manages all kinds of reasons put money into a Swiss bank account kept -- offshore law.
I can speculate but I don't know why the man had a Swiss bank account -- -- -- -- -- -- -- -- -- -- Anyone have a Swiss bank account.
Because you want to keep your money secret that's why that's what -- multiple -- offshore accounts.
-- in the past people had these accounts so that the money could -- -- in Switzerland secretly.
And he didn't pay tax on its growth on the profits that you -- That is illegal by the way -- there's nothing illegal about having a Swiss bank account it is conceding the profits on it that he is illegal.
Hamilton -- remark about.
Richard problem but this is removed computer and -- Israel don't get me started to do not get one got -- -- years ago this week.
My wife began -- company she incorporated.
-- years ago this week.
I watch time.
Take out the trash what twelve hour days 67 days a week I watched -- build that business.
And I can't remember the government helping.
-- fact I -- remember the government with its handouts.
Expecting its piece of the action when the business was successful.
Nothing is gonna make Americans especially small business owners a generally successful people nothing is gonna make a more angry.
In the president's statement that -- you didn't build it you didn't do it alone you'll success is the result of all as the government so petty up.
Pay -- -- fed shaft that is made a lot of people very very angry including and I.
Council got to business on July event is a software company.
Computer software.
-- -- headline album out Morningstar introduced almost yes this that you watch your accountant dressed like you know if that's good there's an unbelievable with the fat sugar fat -- ransom call up until now.
I don't know or wife this sort of kill herself -- try to build those doesn't limit limit debt don't make fun of me this morning.
-- late yesterday I had root canal.
At all as of this morning I'm flying high on to Excedrin and some Hydro code on with which eventually into -- into the portfolio automatic governor about.
-- -- -- -- -- -- thanks -- -- very melodic gifts.
