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The First Look - Liz MacDonald, Fox Business

Feb 13, 2013|

The First Look - Liz MacDonald, Fox Business

Transcript - will not be 100% accurate

We're joined now by Liz MacDonald from the Fox Business Network and -- -- stayed up not unlike -- and she stayed and watched sacred union. I'm finding it I am I can't find anybody who watched the stated you realize that this. It would typical picket that was going back aboard that being that the dog show. The dog shows see I thought you'd be watching the Rangers gamers and. Oh yeah island Rangers but you know deduction the right off the in -- on. Now well I. No -- with these -- have a little you know black a little black cutie you don't see those little guys winning. Yeah that's true you know whether -- the -- look like the air in and. Well speaking of unusual choices we made one as a relates to our president. What what can we learn from the State of the Union Address last night strictly. Economic who's been a knock -- I don't want to talk about gun control our right to lifer and I just accurately what did you glean as early it's to the economy. Well I think that. They -- the nattering up at the laws are out. He has repeatedly returned to listing in the past and they've been inspected and he is -- -- generation past. And as big -- today. It all over it really in theory it's an event in its hiking the minimum wage. In time but now aren't buying it. The art of living up we've got a lot of business groups that we now are about more than wait a second you're gonna off. On there and you know Cornell let me get -- that the appointment to think by now you ever in American errors but he. But out of state thing about proposal would still -- is it that. I believe I believe that I am I'm -- I just. -- anybody any economist worth their salt will tell the adult they shouldn't be any minimum wage right EEE if if somebody wants is willing to work for five dollars an hour. Then you know -- that let him fill the job you wanna get. On MP wanna increase unemployment is raise the minimum wage don't. What if Iran adhered to they would -- to hiking and and weight gain on the heel counter intuitive but you know if that is the shelling edit it do I get -- these one at that money to create more jobs but it could. All I don't even great lay off our current that the dot. You know he's being the unemployment rate. Picking that related and a point 9%. The last time that you know it's congress -- -- back in these things and hiking it back in it that it yeah. And then you see when he really like it and in an rent it at nine back when he on the jobless rate really ticked off. On and it that the correlation at the -- just in line you is that hurt they youth unemployment. Great -- you on the and that has an out Beverly not currently I for and that the our Bible. Or would get what about the infrastructure he alluded to like 70000 bridges that are about to fall down. Is he gonna get the infrastructure money is looking for the week. And when you look at. -- that it planned sort it out at nine. None of that money went or the highway bill that would they rather important -- -- not Europe it at bureau and that struck me I thought that that would really into that. The problem with infrastructure spending. And yet the. But the critic yes it would help you know hire people in the report. But it often get on it and at the state level bitter note the state do it -- money sometimes they don't. The money. Bridget at all by computer. Unit and -- against her and then the other argument is if you want to you know create jobs by creating infrastructure and it will then have people. Dick did you -- is that a poll that's one joke about there -- -- -- -- April great proposal but they are in Alpine event their broad new proposal. It would get in is be not simple but at the art active that's -- the problems began. What value when he stocking about loopholes I get nervous when he starts talking about tax loopholes because. You know like he considers the mortgage that I pay every month to be tax loophole he you know he considers. In league Deval Patrick up Peary he wants to deliver it he considers a child to be attacks loophole. -- what is he to Obama talking about when he's he's he's going after anybody who has a job or. Makes more than minimum wage in EE you're bad you're evil we're gonna take away your -- your illegal tax deductions. Yeah I know and that is that. And the in the paint if he expect Democrats are introduced to -- on Monday I -- -- shut tax -- all the better our eleven children White House. On and you know you went out the mortgage deduction and means that they Democrats for years that's for decades that had the support of national housing policy. And that's the most important piece of that and it the most effective one if he's gonna do it that way. I'm where I'm for the first spot back at testify at the entire act the more I covered the -- at. Three years and and -- -- at least electable eternal. You know I just think that they that Whitney that the relative perspective here again -- that bit. Tax code is between -- and report there. And it's been hidden pork barrel is that the -- that the guys and the joint activity in other congressional panel get the most in. Donation there campaign. Can you trust pact -- Or at select the Harry Reid and Charlie Rangel it's like phonetic had among the pigeons and again. I think he'd do it deduction it like I acted like that people don't get drilled back and. Right the only thing IE eight -- gives me. Makes me feel a little bit better as the congress is still controlled by the Republicans right so it's not like the president India is not like -- years ago we are out the house's -- in its like four years ago work. As the president had a house he had the senate and he had a lot of control this time he actually asked to negotiate with the Republicans. Right yeah he -- And -- Mitch McConnell let has been out there Spain but then we. Given the we've bent over as far as -- -- going to. With raising taxes now you got to get to disbanding. -- that I would let you know but that's the -- I guess we find out a couple weeks right sequestration. Yeah that's right higher spending that lead to higher taxes. The -- and -- got to pay into a hospital and -- that they like China. And it's. -- be very interesting is good for us -- great news gives us us to talk about it or not. Talk about I just think that the American people are really tired -- -- -- -- -- have the budget priced. We hired -- -- I know you're not our bosses we are here -- the -- in the job. You know the best congress money can buy or October I don't work. And they said they tend to forget that once again an office to open up the list thank you very much any parent Liz MacDonald. Joining us from the Fox Business Network our question of the day is do you believe. That minimum wage should be raised from seven dollars and 25 cents an hour. To nine dollars per hour. And if you do wise and I did get somebody on the FaceBook page Peter said yes should be raised from 725 and -- because 725. An hour. Is not what it used to be higher up perspective yes things have gone -- You are so correct or it will take a look at your text messages when we come back send us a message 68680.