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tv   Cavuto  FOX Business  August 21, 2012 11:00pm-12:00am EDT

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lou: now for your comments. a hyperbole, i think, but there it is. dear lou, keep up the good work. the "chalk talk" is the best and i look forward to that is the high point of the news each day. thank you. that is thei have a great evening and good night from new york. neil: from pensacola, florida, where it is hot, news that the presidents campaign cash is being spent fast. ring a bell? don't look now. they are spending more than we are taking in. things couldn't be looking anymore rocky on this corner of the earth. let's just say you don't want to upset an american icon. >> you think do you think anyone is listening? >> the american people are listening. do you think the president obama is listening?
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>> no, i don't think he understands what it means to the people of this country. neil: in this crucial swing state in setting the stage for the big republican convention in tampa, florida, next week, reports that it gets very interesting. welcome, everybody. from sunny and now stormy florida. at least he is consistent when it comes to spending barack obama is spending one for the records book. in his own campaign, not just in washington. a whopping $59 million. today, more than $325 million. that isn't even counting money used by the democratic party to help his reelection effort were scores a sympathetic tax to push that effort. i also want to keep in mind that
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the president has been running all along unopposed. president bush and a in a similar position when he was running for reelection. the $205 million by this point in the r republican strategist has a concern across the state boundaries. this early in the campaign for the president to be spending as he has come unopposed, going up to the convention, it is
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remarkable. >> he is desperate. the tide has turned, and i believe that paul ryan is the catalyst for that. we have talked before how mitt romney needs to grab it up and get excited and do maybe a little better job about moving the truth. but do you know what? for whatever reason, he picked exactly the right vice presidential candidate. the rhine and romney ticket is the hot ticket. the republicans have had the hot ticket. if you are in florida, we will say that. florida and the midwest or the two hottest places that we are going to find for the campaign. it's going to be in mostly the midwest this time around. ohio looks good, and guess what else? a poll came out today and we are even winning michigan. so this is good news. the midwest looks great for the red states. neil: it is still early, as you
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so often reminded. and both have plenty of money. but the president is always we willing to spend more than he takes them to get the job done. if i am a republican looking at all of this, the president fires some big guns come at setting the stage to embarrass me on my moment on the stage next week. i should be alarmed. >> absolutely. and because he is spending more money than he is bringing in, this is not a good sign. i think what it is is the businesses. right now it is all about businesses. they are over this. we have a terrible economy, trillions of dollars of debt. the unemployment will not come down. we are really going to double down and help mitt romney. now that we have paul ryan, it's coming together in the midwest. it does show that mitt romney is a business guy. he's having a balance sheet and more money than spending.
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which is exactly opposite of what barack obama has done for the last four years. we know what we're going to get with him. we are going to get that in a failing economy, and not only is he doing it with the government, but with the campaign. we know what he is all about. neil: what a shock from the president. i would be curious to this in all seriousness. as a business guy, i would think where can i get the best for my money and resources to turn the tide. it always comes down to these swing states. what is interesting is it is a little more than a couple days ago, they look like safe, democratic states and even with the paul ryan pick in wisconsin. the president has to take that money and money that he wasn't going to put to work in wisconsin, if they are not guineas, they have to spread the wealth little bit more a little bit more quickly, right?
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>> there is always a lag in reporting for pools. i really do think that paul ryan come who has made a big difference in the midwest -- in wisconsin we are going to win that state. that is just tremendous, along with michigan and that helps with ohio. i would say please, paul ryan, stay in ohio, never leave. i will tell you this, i think that obama is spending money, because that is what he is good at. he is great art community organizer. i will tell you, if you remember the last map that they showed, in indiana -- nobody thought that indiana would turn blue. there was one state line. that is where they are spending the money. they don't need them in chicago,
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they do need them in chicago and michigan. neil: it is all about where they put that. good having you on the show again. >> thank you. neil: the spending problem not just limited to the white house. >> $48 billion. we put 65,000 people to work in 16,000 projects in two years with no problems. i'm very proud of that. neil: that would be like me saying that i only had to port tenderloins for dinner tonight. i don't think it would complement me. i don't know if i would be part of that. it works out to $700,000 in jobs. good for the person who got it, but not many are getting at. out of the world spending on everything but nasa?
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>> give billions of dollars away to rescue a car company, and we will probably never get half of it back. but we can't find a little money here and there to re-create the technology who needs to challenge the future. neil: a lesson to walk on the moon on the budget leaving no space for space. muddy waters making their pick. and they are saying that mitt romney is it. more than 500 at the top, economic minds, they are saying that mitt romney is the guy to get us out of a bind in this country. airfares are soaring. jonathan hoenig saying that flyers will happily shut up and pay up high-tech has had it with pay up high-tech has had it with taxes and now it is heading to these fellas used capital one venture miles
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neil: remembethis? sn neil: do you remember this? air jordan sneakers. they caused riots across theau country. country.ns d fans doing anything to get their hands on a pair, no matter the cost. in a moment from i wanted to tell you how nike is raising the stakes of more than $30 per child. that isn't happening, sparky. instead of dealing with high taxes and massive regulations in silicon valley in california, stephen samsung is investing in a factory in texas. very low taxes, almost no regulations. forcing workers to join unions. bob everly says that smart money goes to the best business environment. in this case, also the cheaper. what you think of this? >> that is the case.
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going to someplace where it's cheaper. these companies as we go through what looks like a recovery again, i'm looking for a place to be doing business that is the most financially effective for them and having government not on their back, having government not surprise him with more taxes, not only means that they can do more for less, but itor l means that workers they arerkery hiring can also do more with their money. texas is pretty cheap to live ie as well. a neil: texas has been doing this a lot with alo lot oft companieo for major food chains to retailers -- i know it attracts the jobs, but you always wonder at what cost. the florida governor and the gor texas governor to outbid each tr other -- but what is the limit? what is the price in which he said is not what they're? >> >> certainly if you're bringing folks in and you are not getting a return on the f business.busi.
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major plant sites like samsung, those are ones that don't move r easily. if you're bringing and businesses are mostly just people and not a lot of help, st the next state can did you outcome of e the next ycle, that's probably n a that is probably not a good way, to do it.ng over each other] be one we moved to the point where we already have the highest corporate taxes, obviously, that is prohibited for business growth. the argument is that by comparison, even with higher rates in japan, that they stink.
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they are no u.s. or job. we are the jaw and we are worth the price. >> does that make sense? >> you can sometimes argue, but it kind of depends on the region. certainly, china is having a lot of issues right now with pollution, which is making it hard for families to want to move there. you will not get people moving into china for jobs, even the workers, they are bringing in from the farms, they want to move back. that has proven not to be a great place to work. and employees do have a choice of places to go. with education, there are other places in the world where you can get better education here. a lot of the core benefits can actually benefit the other places in the world as well. what is nice for us as we still have a lot of the old talent. and people just don't relocate all that easy. neil: i will tell you this. you know, you are right. if i am a boss and i am trying to woo my workers.
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let's say you are in california and we are going to move you to texas, i know samsung is starting this plan fresh. but i would be the boss saying even if i don't give you a nickel more, you are going to go from paying 8% state tax of 80% state tax. you just got an 8% raise. >> you can actually get in the state. so the housing prices are very different in texas. you lose the weather, which is one of the things you're going to have to make up. but you do get a lot more. increasingly, a lot of your peers are going to be there, that is where the jobs are going to be going forward. you have to consider a lot of that stuff. >> well put. always good having you. anyway, flying and driving. why now even walking is getting
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pricier. and what gene cernan means to america. let's hear from the hero himself. >> did you know he was last man >> did you know he was last man to walk on the moon? for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium.
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neil: in our fox financial flash. striking out, instead of hitting a homer, the postal service selling only one third of the billion stamps are printed to commemorate the hit fox tv show. it lost a million dollars just on this deal. anyway, high gas prices, not stopping people from hitting the
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road on labor day weekend. aaa saying at least 33 million people will travel 50,000 miles or more. that is a 3% from last year, which would be high since the recession. nike is going to roll out sneakers that will run you more than $300 per pair. these things better take you to the moon. the lebron james shoes are set to hit stores this fall. nike also hike prices across the board by five to 10% for sneakers. kids saying that i have to have the sneakers for more than $30 a tell, i would say kids, give me your toes right now. anyway, sneaker prices rising, rising prices also seen in flying and driving. normally when they hike, southwest hike their prices, they all follow. several flights in major airlines are doing just the same. jonathan hoenig has no problem
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with this because people don't really mind this. liz macdonald wants to throw him off her next flight. [laughter] jonathan, the great capitalist in the sky,. >> we need more capitalism in the sky. unfortunately, we don't have it. that is one of the reasons that air travel is so accountable. i don't think most people would mind paying an extra 10 or $15 at the air travel experience itself, most of which was dominated by government was a little easier. but the fact of the matter is that 35% of the airlines cost of running their business -- when fuel costs rose up, most consumers understand the ticket will go up as well. >> fuel costs has been coming down, that means that ticket prices should go down in the future. we are talking about is the airplanes have been coming back and capacity. and they in the have to do that stay alive, too.
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i agree with what jonathan is saying. i'm just saying we're probably going to see higher fares going down the road into the fall. but the other thing that is happening is that the airlines are also trying to offset the increases that they know that angers consumers. they are moving up false sales to now. in other words, they are announcing sales through the fall. neil: jonathan, i know you love them, and i understand. i think you are quite right. i think they are restricted in the world they live in. you want to sit in the seat and you have to pay twice as much or we will chop your heads up. >> listen to me, i am saying don't nickel and dime us to death. i would just say give me a simple price by which we can make a simple comparison and quit being the disingenuous
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slugs you are. >> they don't make you pay for the seatbelt extender. i think that is pretty fair. [laughter] neil: the fact of the matter is it is a product. >> wait a minute, jonathan, what you are talking about the submarine of the fees -- and they lower the fees and taxes and you don't know what you are paying for. it makes it crazy. neil: it would be like buying a house and saying oh, do you want the basement of the graz, to? you know that it is disingenuous, you know that it is cost consuming and when you don't see a reflection when you
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walk past a mirror, that is why it. >> airlines have two major strikes against them. one is fuel costs, which is actually going out. >> not now they are not. >> the other is regulations. the nickel and dime them, what you are referring to is one of the only ways that airlines can actually make money these days. every element of their business -- [talking over each other] [talking over each other] neil: i'm agreeing with you on the regulations and that their hands are tied. [talking over each other] [talking over each other] >> i'm just saying, be honest about it. if you're going to make the comparison. if this is a one-way flight to tampa, florida. oh, wait a minute, you want to get there fast. we want to get better in one piece, or you want to get their income for. we should not have to distinguish the stuff. it should be .82.3. not all the various stuff in between. >> i disagree that any airline
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is successful by lying to its customers. neil: i think you are evil. i want to put you on a plane by yourself and experience what humanity goes through to know that you're being nickeled and -- nickeled and dimed. >> why did i take it out on your? >> seatbelts are extended. >> yeah, the economy is as good as it can be on an airline. [talking over each other] [talking over each other] neil: i'm done with both of you. when we come back, doctors are saying they are too tired to treat you now. probably because they hear stuff like this. now it will only get worse later. get out your stethoscope. it's going to be worse. this is $100,000.
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neil: what's up, doc. not much. not much to feel up about it all. doctors are looking like they have already been fully throttled before health care. job burnout is spreading like a wildfire among these guys come according to a national survey just out, doctors are beat. apparently they are burning out faster than any other group of workers. it is true. close to half of the u.s. positions say that they are emotionally exhausted, particularly cynical, but what they call the depersonalization towards their patients. they are stressed for time in and cash and they worry about spending as much time with patients to look after their patients. this is nothing that we have seen here, but a sweeping health care law will have them juggling
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a lot more regulations. the studies show it may make matters worse. at a time when we need doctors in tip top shape, they are not. the real story on this health care makeover is not whether the company is financially up to it, but who knew whether the folks providing it are up to it. david asman says these burnouts are thinking about the health care laws and what will happen when you go into the next room. >> as you point out, this is actually before the implementation. if they are burnt out now, imagine what happens when there are 30 more million more patients recover. when they're all the panels that will be watching over them and their every move, telling them what they can do and what they can do. how to build their patients and how not to do so. the scariest thing beside it for me is that the doctors are really in the crosshairs from the ones that are feeling the pain the most and are burnt out
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are the front-line care doctors. these are emergency room doctors, primary care doctors. general medicine doctors are these are the doctors at obamacare needs to cover that eager pool of 30 million people. so the doctors that we need most are the ones that are being burned out the most in the ones that are most likely to leave the profession. by the way, it is not just us. here is "the new york times" headline. doctors shortage doctor shortage is likely to worsen with health care law. to help reform laws it is threat, 30,000 too few doctors. we are saying it, the "washington post" is saying it, but nobody is talking about what to do. >> they want to help people get better and that is a big thing, but going to med school school and certainly some of the subtleties, cardiac surgery, brain surgery -- you know, you hope to get a little return for the buck.
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>> a little. neil: and there is little content very little opportunity about in health care. if i have a brain surgeon looking at me would not want to work on this -- but he is not going to get as much for the operation. will he do that into a? i don't want to make this look capitalistic. but in a way, it is. >> they need to provide the best care all the way down the line. from the time you are in medical school until you miss your rotations, you are dealing with incentives. it is usually by the end of your experience, you are slightly different from where you started based on incentives. incentives matter and primary care doctors, down from the again, the ones that we need most, the ones that we have the fewest of now and that we may have even fewer of are the worst paid. if you are going into the medical profession, say that you
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are a doctor in training and at the end of your residency, you get $29 and 50 cents an hour doing primary care for an average of $74 doing specialty care, which one are you going to choose? the one that pays three times as much, the one that very often you are paid cash for instead of having to deal with the bureaucracies of insurance, or a government health care system, you are going to choose the one that pays one has less bureaucracy. that means i don't know where obamacare is going to get all the dollars. neil: or where the incentive is. david asman, thank you very much. meanwhile, to the moon. >> and my disappointment who -- i can't understand when i watched some of the decisions that they made. neil: close, very close. the last man to walk on the moon
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neil: in florida, home of all things space, all things america, they are big deals here. even the ones who ultimately move from here, like gene cernan, the last man to walk on the moon. what he calls the nation's first aviation academy to encourage young people to search for the stars. i had a chance to catch up with gene cernan and while he told me he is proud of space, he doesn't want to be a center of the museum. >> we are not committing the money we were, now we have china, india, possibly iran, looking at the moon, landing a
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man on the moon. forty years after you. and we are hitching rides in space. to go to the space station. >> all i can do, personally, and some of my colleagues is keep pounding and pounding away. and what we believe. >> you think anyone is listening. >> yes, the american people are listening. i don't think president obama understands what america and what the traditions are and what being the leader of the free world has much of the people of this country. we are what we are today. and we have unique and special things that other countries don't have. because of what we have been for the last 230 some years. all i can do at this point in time -- i don't own the country, i don't make decisions. but i can exert my feelings and my passion and let people know what i believe in. and why i believe it. the proof of the pudding is in a place like this.
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neil: no doubt, the argument now is that we are to grow. we just don't have the money. >> we will never have the money. as i said, it is not how much money you have, it's how you spend it. we literally only spend one half of 1 penny of every one of our tax dollars, that goes into space. today. >> that is not too much to ask of the american public. all that money spent on this country, we talked about ways you could use the money to buy food, you eat your seed capital and there's no food left next week. this money goes under developed technology and pride and international -- [talking over each other] neil: the republicans are competing in this fine state. do you know if guys like you were the state's program is going to be represented? do think it should be represented at that convention?
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>> you know, i may yet be, let it would be primarily one to tell people -- if i got an incredible ability, unwilling to lay it on the line. i'm not running for anything. neil: are you ever tempted? >> you don't even have to agree with me, but you have to know that i believe myself and what i'm saying and why i believe it is important for the future. i have nothing left. i'm not going back to the moon or mars. i have my family, my grandkids, and the country. and if i can have some influence in this country and where we are headed, notwithstanding our financial problems today, then i'm going to speak my piece. neil: are you ever worry, gene cernan, if you don't get your way, if we ignore your challenge, this beautiful and very interactive museum for kids, and i have just a small
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slither of a sampling of it, that it remains just that. just a glorified museum. >> it's not just a glorified museum. it is a level and an inspiration focal point. it will be here forever and it has survived hurricanes and whatever. my kids children or my kids grandchildren will still be inspired will buy what we did a hundred years ago. what they do without and where it goes, i don't know. you are basically asking if i am disappointed with where we are going and what we are doing. absolutely. i am disheartened and disappointed. i can't understand why some of these decisions have been made. we have glorified some of the things we have done and i will tell you, curiosity was a tremendous accomplishment. that program started many years ago. our program was funded many years ago. neil: but nasa has now been relegated to cooling-off quits.
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what went wrong? all the time, but that's about to come down. >> what has happened to our space program? >> how much credit can we take for curiosity and then take $5 billion away from jpl? those who created curiosity and made it happen. taking $5 billion away over the next five years. how much commitment is that the future. that is what i am arguing against. you know, we could give billions of dollars away to rescue a car company. and we will probably never get half of it back. but we can't find a little money here and there to re-create the technology it needs to challenge the future. neil: all right, so i don't want to leave you in a sticky position, but i want to leave you where you have seen every president -- i think since kennedy, right? you had a chance to meet with barack obama.
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if he were to come here, what would you tell him? >> if you gave me the time, sit down and talk like you and i are talking, i will tell him what i believe and why we do. do i think i could change his mind or agenda? probably not. i don't think he fully understands what traditional america is all about. because he didn't grow up here. i don't know that i can convince him why this is important. i don't know that he wants america to be first. i don't know that he doesn't want us to plan a more level playing field. i don't know if he doesn't care to pressure china gets ahead and we are dragging tailbone. we can talk about going to the moon. give me a mission and goal. give me a commitment. give me a commitment to do something in the futures of future so the american people can get their hands around something. when kennedy said we are going to the moon, it galvanized the country during the cold war.
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we all had a goal. we were all striving. not just us, we were the tip of the era. we had half a million people out there who were committed to making this happen. we were just the end result. neil: i think you're being a little too modest, but you have been a wonderful guest. >> this is a special place for me, and i want to make it special to every young kid that comes here. neil: we are going to do that flight simulator thing with my boys and they will be you. >> i will join you. [laughter] mono -- glassman walkman surface of the moon. amazing guy, amazing mission, amazing goal, making perspective. something else amazing.
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here we go. here's the fun part! >> they are not making these cuts to create jobs. they are not paying down the deficit. governor romney is proposing these cuts to pay for a new 5 trillion-dollar tax cut that
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is weighted toward the wealthiest americans. neil: well, the president in ohio today, a group of 500 economists saying that the president's economic plan isn't cutting it at all. former undersecretary is one of those economists. guys like you and a host of others stand by a romney plan that is yet to be enacted. you have heard that going back to tax cuts and that sort of thing won't do it because. >> i think that is just wrong. we had a very slow recovery. unemployment stays high because we had these kind of short run stimulus programs we are not doing much with the growing debt. the romney program tries to reverse all that and put in some really good strategic plans to reduce the debt in a serious way and get tax rates down.
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to deal with some of these regulations. we think it is going to cause economic growth to pick up very soon. >> how do you sort out the immediate tax hit. you are right. i agree with you that tax cuts to create revenues. ronald reagan proved that, but backed out, the between the revenues coming in and the tax cuts going out, there is a deficit. >> in other words, there is this thing that needs to be addressed. >> we have had an explosion of government spending. especially the gdp. part of this plan is to bring that down to where the crisis began. you have a long way to balance the budget. plus, with the tax reform that is lowering the rates and broadening the base
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appropriately, you will provide growth and revenues will increase as a result of that. so the plan hangs together in terms of stimulating the economy in dealing with the deficit. therefore it, dealing with that. neil: hope springs eternal. i have always said that i blame republicans and democrats. and they were hardly conservative when it came to spending when they were in power. democrats, of course, steroids on top of that. so when i hear another republican, this time say that i'm going to get a handle on that, excuse me for being a little cynical and wondering whether there will be a result of that spending, when even the automated, you know, sequestration cuts are looking dicey and we find a lot of those in congress who voted for them and accepted that as part of getting a deal last year. trying to reverse that and get them out of the way. i don't see the results.
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what do you see? >> i think you are right to be skeptical. i think american people want to see change. not one party is going to be responsible. what is very clear now is that we are doing something that hasn't been working. the economy is weak. it is a clear difference between the proposal. the platforms, governor romney is out there with a plan to deal with this. he has a way to put it into place. but you have to focus on that. there is the other side that doesn't have that kind of a plan. the good choice to make, in this election, and hopefully, the choice will be made right and we will begin to move ahead on this new plan. neil: we will watch closely. secretary, always a pleasure. john taylor, one of the 500 economists backing the romney plan. we will see which one ultimately prevails. when astronauts are you right in the gut. next week, the lessons from a guy named gene cernan.
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woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and
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low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. neil: you might have heard that i talked to a hero today. i talked to the last man to walk on the moon today. as a kid, i watched him take this final steps of their end
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lassoed there and sing up there. >> ♪ ♪ >> and said he was a hero and i did not say he was a singer. this might surprise you, but i want to let you in a secret of mine. when i was a kid, i really wanted to be an astronaut. i collected stuff on gemini and apollo and i had rocket models and lunar modules. my mom and dad took me to see the space center and i looked at those rockets and castles and i discovered something. i was too fat to fit in a spaceship. even as a kid, i realized. i went on to anchorman. alas, such is life. but that is how much genuine american heroes have touched my life. just like gene cernan.
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guys recently refused to say no and understand no meaning of the word can't. guys who challenge the conventional wisdom about the limits of man and push the very boundaries of man. that is why i treasure my talk with his hero. all the more because he doesn't think of himself as a hero. just a regular guy who got lucky. that is total bull. i will let you in on some secrets on gene cernan. if you try doing what he did in boiling up in your spacesuit on the moon because of solar light deflectors didn't work in your suit like they were supposed to. you would probably try to stay calm and try walking in boots for one day like i didtoday. take it from me, it is not only the capsule that didn't fit. the boots didn't fit. it didn't

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