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Independent Women’s Forum’s Sabrina Schaeffer, WSJ Editorial Page Editor Steve Moore and FBN’s Charles Payne on the impact of government on busi...
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Expectations of any unit muted touch on is that look even if we run into a buzz saw.
The government's got her back and that does did -- a cushion of -- Realignment you know you never know which side you're gonna be not are you going to be on the side of the winners are on the losers in government undecided about their two young -- my -- I don't -- that -- -- that's what government in the business of picking winners and losers -- that then you know at best we're looking at scandal and corruption problems and it -- -- -- -- Marching ahead C and I and I guess and I'm not one of the -- -- but I remember you know it's -- we hit the October highs in 2007 we were months away.
From one of the worst meltdowns -- spirits up I think we're like lemmings -- Just being led into something that we might regret.
I don't disagree with -- 100% but I will say that we're we're not at that point that at that point where everyone is just so enthusiastic and then that you know the market at some sort of great Oracle certainly felt as one month before the -- -- -- started.
But having said that -- about some of these businesses that the government is propping up what's the worst performance -- this week it might be First Solar we have the automobile companies up -- -- losing market share I brother own Toyota Honda stock that I would General Motors though it's always been you know what they're pouring all of this money.
You see the negative impact because when you get used to not having doubtful not having to compete -- -- -- become noncompetitive.
You know because you want to help the irony -- the of the Obama presidency.
You know here we -- back -- probably the -- president America has ever avenues in the hip pocket and environmental group human -- literally trade agenda now what what is saving.
In his presidency what industry is created the most jobs and had to have the highest of the retailers' stocks.
A fossil fuels which -- did exactly what it that's pretty irony ironic -- that but that's just showed I think.
That American and this you can grow.
No matter how many body blows government throws out it now Sabrina.
But -- yeah I mean ultimately if we're first or propping up the economy through quantitative easing -- through backroom deals like this.
I mean I don't think that we're really on a sustainable path and ultimately.
We need to recognize that we have that a debt that's -- climbing -- seventeen trillion dollars were were borrowing forty cents of every dollar.
We're not on a sustainable fiscal path that's healthy for this nation so even if -- having us sort of a momentary bill might think that we can only be very cautiously optimistic.
You know ever -- was in this Italian on the always whining about this just like he was whining about the bank bailouts under bush and Steve -- to his credit the time was -- as well.
What what other things I always -- in the middle of the euphoria is stepping back and look at what's going on what I want real quickly Charles -- view of is if if if companies are feeling so confident about their future where they're going why are so many of them either buying back a lot of stock right.
Or they're they're just buying -- way to go -- it.
Or they're merging right there not another words creating vast new businesses this year Comcast are just buying out the rest of NBC and -- don't.
I -- -- you're not seeking out best new resistance.
You're just trying to shore up your rolling chip.
-- -- tale of two worlds they are not doing that stuff in America you're right you know semi companies a hundred billion dollars in buybacks.
Instead of putting in at the new plants in -- hiring but that's the story of America anti business agenda that's scaring these businesses -- -- -- -- well yeah all I -- around the world they are -- That's why argues Steve Moore don't get used to these market highs -- don't get used to this notes and that'll keep going.
If if the smartest guys in the rooms in these board -- are are are putting the money they're making of this type of enterprise.
And not expanding and not really creating more jobs.
Then that doesn't telegraph a long lasting bull market me I'd love to be wrong and you know but history suggests that that's not double market since.
That is true but -- -- going to be the optimistic by -- have.
And I'm gonna say that's like.
I you know I think the reason the American economy's doing bitterly well it's not it's not do and you know great but it's not -- -- neither.
Is because we're the least rotten apple on the world you know -- -- -- on that you.
It's always -- -- run off I -- from the moment now for the moment Sabrina yeah a very good doing a good way to and that.
-- thank you very very much in the --
