lowe's hotel for-- >> i thought you were going to say i'm going to be at the hotel, have a drink tonight. >> and so many people for and against us a debate. join us for after the show, show at foxnews.com. >> less than a hundred days to the biggest tax hike in u.s. history and what the democrats do? they punt, deciding to hold off on extending the bush tax cuts until the vote,decide their fate in november. with job worries mounting can america's economy afford to be waiting? i'm brenda buttner, this is bulls and bears. let's get to. bulls and bears, gary b smith, tobin smith. jonas max ferris, eric bolling and strategist keith murphy. eric, bottom line, can the economy afford the wait? >> no, brenda, why wait at all? right now, we need answers

right now, we need solid tax structure and need to know where taxes are right now. that's why small businesses aren't hiring, they're not sure what's going on and what's going to happen in the future and they need these bush tax cuts to be extended right now, not later, not after we find out who wins the election. because the economy right now is at a very critical point. it could turn rnd an and get better, or you know, we risk another double dip recession which would be terrible, extend them now or all bets are off. >> and haven't business leaders and consumers been waiting long enough to find out to get rid of this uncertainty about their, about their tax future? >> well, i actually agree that double digi democrats should have taken action now. we need to get rid, to show the country and the world we're on the bath to restoring fiscal standty and get back to the policies that worked well in the 1990's. >> i think that we should get rid of the bush tax cuts for the wealthy right now.

>> you agree it's the time, but not right now, huh? >> the issue always comes back to the small business people make decisions in 12 months, long-term segment and particularly when you're making an investment, which is really what we're talking about here. hiring, expanding your business, going overseas, whatever. if you don't know what the basic cost of your success is, then you by nature say, wait a minute, if i don't know what the rules are then i'll do what i'm doing now here, by the way if i'm going to have to pay extra taxes i'll probably layoff 5 or 10% people to keep my profit margin at the same point and this is about the economic entrepreneurism i'm afraid the current administration doesn't understand or doesn't respect. >> well, jonas, you actually think that business leaders and consumers should have had a clue a long time this might have happened. >> they had a clue in the sense this has been a ten year plan. it's a very certain environment, they're going to have their taxes raised next year, if nothing's done. what is uncertain is that there's talk of extended this or that part and that is not

helping. they should be clear and say, yes, these tax cuts are expiring as planned. here is our tax plan for next year, so you can plan ahead and this tax thing is fine, as far as business, it's primarily income taxes and capital gains taxes, and you look at hiring and lowering the cost of hiring employees, what we're alluding to, then you lower the pay rell tax rate for a while during the economy. let these go and kick in with new taxes. >> i don't know about your businesses, but that's not how i do it. >> that's not on the-- >> you're not paying payroll taxes. >> no pie in the sky here, that's not on the table. what are on the table the bush tax cuts set to expire. gary b. how long have leaders been waiting and consumers, what does it do to them they don't know, take the money out of their pocket, less money next year? >> exactly, brenda, i'll address a couple of points and get back to your question because the other points are important, you know, jonas

talks with, oh, people should have known this was coming. you know, once the marginal tax rates change people think they're going to be there in perpetuity. if you ask the average man on the street. hey, remember ten years ago, you know, didn't you realize people were going to expire. huh, what are you talking about. >> businesses and-- >> let me finish. people making expectations what's going to happen now and getting back to brenda's po interis they base it on the economy. you know what, brenda, if the tax cuts are not passed immediately, people are going to see that as a tax hike and that's essentially what it is. and what happens when you see basically your less income coming in, you start to hunker down and you know, oh, well, let's let them expire for the wealthy, guess what, steve, it's the quote, unquote, wealthy who are driving the economy. they're the ones spending and we keep talking economically, the consumer has pulled back, guess what, the bulk of the consumer spending comes from the wealthy people. you start to--

when you say, hey, well, we're going to raise your taxes and i'll tell you what, everyone pulls back, including the wealthy, businesses and-- >> that's not what happened in 1991. >> hold on, steve, steve, i'm sorry, we've got to keep the debate to right now. and i want to ask you, do you think that there were many, many companies last week that announced that they would have more job cuts, there they are. do you think that this is a trend, this is concerning at all? >> employment is a huge concern. and that is one of the reasons why we have got to send a signal from washington that fiscal sanity is going to return here, that we're going to cut spending and we're going to raise, at thats just like we did in the 1990's, democrats and republicans working together. we've got to do that again. >> somebody, who was last? you all are, eric, go ahead. >> something here, jonas references certainties and steve says we need certainties in business. two things are certain right now. talking about right now. right now, unemployment is way too high. number one, number two, right

now, the consumers aren't spending. how about this, guys, extend the bush tax cuts, create certainty for businesses, create certainty for individuals, and then maybe spark some, i don't know, employment, people start to hire and people start to spend some money. >> he addressed jonas, go ahead, jonas. >> this is where they aren't going, you can have certainty with the specific tax policy and they don't have to extend the bush ones, they could layout what their tax package would be like and this is where they're leaving it out in the open and that's not a good situation. >> onif that's-- >> it's not going to happen because everybody is not waiting for elections. i think the bigger point here, we can argue this up and down, whether it's going to make a difference. when you use the analogy of 1991, steve, 1991 was a completely different environment. i mean, we're in a post financial depression, and we're climbing out. in 1991, housing rates were down, we had excess demand, not excess supply and issues we can't do at the recession

and this is different and the pitch is don't monkey around with a nascent recovery by trying to ignore 1/2 or 1% of the gdp out of our system which is what the tax hike would do. and not going to tip us to the negative. >> consumers and voters disagree, they think we've got to reduce the deficit and that's the number one problem-- >> the stock market is talking about-- >> hold on, we're not talking about the deficit right now. go ahead, gary b. >> well, i tell you what, look, it all boils down to, at the end of the-- at the end of the day, who can spend the money better? you know, steve and the democrats are of the opinion that the government can spend the money better and that's why they're screwing around with this. if you just said, look, the private sector has proven they can spend the money better and more efficiently than the government ever will, they should pass the tax cuts for everyone and then you can work on cutting spending which i doubt will ever happen under this administration. >> well, eric, if they do nothing at all, after the

elections, what would you expect will happen? >> i think the same, what's going on right now. small businesses aren't hiring, big businesses aren't hiring, lots of layoffs and unemployment and spending is not there. that's the certainly i'm talking about. we're certain what's going on right now. none of it looks good and they need to change and make certain that the taxes go down and. >> spending is not going down in d.c., but for, no, absolutely for consumer spending, that's true. all right, bottom line, toby? >> bottom line is, we're going to see very soon every day we delay this we're going to start to see the creeping down of decisions when people put off decisions, just like in the senate, just like the board room, it slows our economy. >> thanks, guys, that will be the last word for the trading hits. ahead of the election, the president now reselling his health care law as 61% of americans say, repeal it. but what he's not telling during the reselling that will

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>> gorge everyone from america's news headquarters. i'm jamie colby. a flight head today pakistan forced to make an emergency landing and the passenger is questioned. the plane landed shortly after takeoff before the title got a tip that the passenger aboard was carrying explosives. police questioned a citizens saying he was not on a national no-fly list and turning up nothing suspicion. mounting allegations this hour, widespread fraud in fgs a's recent parliamentary election. reports are saying votes up to one third of provinces could have been tainted. these allegations include video clips that supposedly show ballot stuffing. the alleged tampering raising serious questions about the effort to build a credible government there. and send you back to bulls and bears, i'm jamie colby, keep it on fox.

>> six months after signing it, the president out reselling it and portions of his health care law kicks in. is this why? the new poll shows 61% of voters, somewhat favor repealing it. gary b? you say that 61% know what the president's not selling us. >> exactly. brenda. i've come to the conclusion when he was giving the speeches on health care, he must have been reading the teleprompters backwards. everything he says, the opposite happened. let me give you a couple of facts. for one, child only health care policies, my daughter is applying for one, she's 21 years old and guess what, she's having trouble getting it. why? insurance companies are dropping these child only policies. remember, he said about the, your premiums should go down for a family up to $2500 or so, guess what, i bet me and most of the panel saw increases and i know my health care insurance policy went up 20% in the last month or so. remember he talked about

bending the cost curve, the cbo already came out and said, guess what, the obama administration was only off by 110 billion. remember he said hey, you'll get to see your doctor. uh-uh. in texas mass exodus of doctors leaving the medicare program. so if you take everything that obama said and flip it around, then you have the real facts about obama care. >> brenda: okay. steve. take him on. >> you know, everybody was just arguing for certainty with tax policies. well, we've got certainty now with health care policies and by the way, that 61% is totally bogus. rasmussen is a republican pollster, house pollster for-- >> i'm sorry, this is a legitimate poll, it doesn't quite go along with your facts, but maybe that's the problem. but it is a legitimate poll. >> national polling showed yesterday, health care was a little more positive than negative. i tell you what, we're working for 18 candidates in my firm

for federal offices, senate and house, i've soon two ads from republicans say repeal it and we've got some pretty tough districts and pretty tough states. >> brenda: well, if you have it-- is anybody running any ads saying they favored it, voted for it. >> yes, as a matter of fact, some are. >> and we have-- >> hold on. >> we have the health care law is going into effect right now and what we've already done is very popular getting rid of the donut hole for the pharmaceutical drug benefits for senior citizens under medicare and the tax credit for small businesses, which everybody has available right now, and he ever ooh state now has a plan where the so-called uninsureables can get covered. that's a great step forward. >> brenda: toby. >> it would be a wonderful step forward if the other facts were not happening. number one, so, again, if you just go with actual companies you're talking not surveys, actual companies, about 60% of large businesses are saying

that they're going to be charging a 15 or 20% additional premium to their policy, to their employers because they're laying off the extra cost. where does the extra cost come from. let me give you an example. if were allowed, your home burned down and you were able to call the insurance company and have them cover your house, what do you think would happen to the fire plan, we created an infrastructure where people with pre-existing conditions are forced into a system and because of that new law, looks great on paper, but in reality, 8 to 9% premium rises simply to cover the additional costs. it's the free lunch policy that doesn't work. >> brenda: i've got to get everybody in there. jonas, your six month checkup. >> first of all, double digit health care increases for the last 20 years and talking obama care, but toby is making a decent point which is you can't force health insurance companies companies without taking on more risk, and get

rid of the, kicks in i believe right now where there's no limit anymore, you can have 18 million dollars in medical costs. someone's got to pay for it and it's other premium holders and some people this is good for. there's people who weren't insurable to like the plan, but if you were healthy and that wasn't you and you had insurance, it's not great, i'm surprised the percentage isn't higher in the poll because most people are not in that situation, but that's what insurance is supposed to do. >> brenda: i'm sorry, woo we're running out of time. >> eric. >> this is what happens when you rush through, and one more quick one, you're entitled to your opinion, but not the facts. i'm sorry, sir, the reality study shows 14% increase in premiums in 2010 from over 2009. gary b is 100% right they've bent the cost curve bent is up. and number two, you cannot get a premium policy for a single child.

it has to fall under these massive family plans. >> brenda: being 0. thanks so much. if you didn't like the auto bailout then you're really not going to like this. general motors is back to handing out campaign cash with your cash. >> ♪

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> >> if bailing out gm ticked you off, this might set you off. lifting the ban on so-called political contributions. 90,000 to candidates running in the elections, three

democrats, two republicans in favor of the gm bailout. gary b. >> i tell you what, brenda, we should have a special segment on just things that the government is doing that are just totally ludicrous and don't make any mistake, gm is still owned by the government, basically-- or run by the government and still basically owned by you and i, so, why can't they just stick to making cars and returning our money is beyond me. why they're getting into the whole politics game. just try to make a car better than an and da or a toyota for crying out loud and return our money. no, it's the same stuff as before and it's ludicrous. >> brenda: jonas you think it's in the taxpayers best interest. >> first they came up with the pontiac aztec, a disaster. and the real shareholder in it this company, other companies want to do this and want them to compete. i don't like the whole tax system, but the bottom line the companies get benefits by

doing this and look at the benefits gm already got. you want them to have regulations that are favorable to them and all things and you want them to play a role and we're shareholders and we want them manipulating-- >> wait, wait, hold on, eric, eric. >> holy, cow, are you kidding me, jonas? you want to toyota to have a pass and not gm. we gave gm 50 billion dollars and likely lose 30 or 40 billion and spend our money on political campaigns. >> it's not our money, it's employees money. >> gm is not giving any political contributions. >> it's not, it's not-- gm is not giving any political contributions, corporate contributions are p not by law-- and political action groups. >> is money fungible? >> do you want the government running gm or not? do you want the government telling them what to do or not? >> they're having the thing called the hatch act they started in the 30's.

said that a government entity can't provide contributions to somebody running for office. here is my solution, since the stock price has to get back to $134 before we get our money back. get the stock price back to 134 bucks, hire some lobbyists. >> brenda: what do you say, steve. >> there's nothing wrong with what they did. it's not a contribute bug, they have a political action community like every other business and the gm bailout worked, one of the biggest successes of the last years. >> failure. >> to have an auto industry-- >> i don't know what you're smoking, maybe at the chrysler-- >> it was good for protecting unions. >> might be illegal in california after this election. >> brenda: all right. thanks, guys. and thanks to steve for joining us. and now, for part two of bailout outrage. chrysler workers caught drinking on the job, smoking pot on the job. and get this, driving ford cars. time to get even with the name that might get all our bailout

bucks back. @ 7

>> predictions. >> i'm a fan of innovative advertising and the people at yum brands which of course, k.f.c. has a branding deal. hiring pretty girls to go out and sell products. now, i like it, it's going to work great here in the united states and i guess it's going to work asia and et cetera. yum is the brand and i think it's up 25%. that's the money picture right

there. >> brenda: fox news flash, toby likes pretty girls. jonas, what do you think of this stock pick. >> i think it's too low end of the company for the upswng of the economy. >> brenda: gary b. >> nice pun. >> i think it's actually close, close is above $47 and then it's off the 50-plus and that would be a good pick. >> brenda: eric, do you like it? not talking about the ad. >> one thing sells, and it's chicken. >> yeah, i do like the tape as well. >> brenda: jonas, your predictions, please. >> a biotech company this week admitted aqua advantage, giant franc stein salmon and you know they'll be at the all you can eat buffet at the red lobster. >> brenda: gary b, do you like it. >> i don't, it's down 3% over the week and i think more down side. >> brenda: toby what do you think. >> i think it's a great idea, i can't wait for the

franken-lobsters. the red lopsters. >> brenda: gary b. >> rim, they've come out with an ipad competitor called the black-pad, i think it's going to be a reality and when it does, i think the stock shoots up 20%. >> brenda: jonas do you like it. >> i think the problem is there are or pads on the market and there could be others. >> this is the bulls and bears and apparently detroit, chrysler knows things like the bold and fierce, but here is a way to pay it back-- >> wait, just explain, those are the chrysler workers during the lunch hour. >> if you don't know about that, you're living under a rock. there's a tax. every time they buy a cigarette they're paying a tax back or pot tax, and the makers of marlboros up 20%. >> brenda: what do you do on your lunch hour. >> what's that?