Neil Cavuto: My buddy Charles Payne says Joe the plumber is right – Obama’s plan to spread other people’s wealth around America would be a nightmare for the American Dream.

Charles Payne: Joe the plumber hit it right on the head. First of all, this whole notion that someone who makes or their business makes $250,000 is the same as a business making $25 million or $25 billion, is preposterous. We can’t lump them all together. The idea also that you can work 12 hours a day and your reward is that you must “spread the wealth”?! That goes beyond being audacious. That is outright killing the roots of our country. I don’t get it. I don’t get why they’d keep doing this. I am a small business owner. I am telling you right now it does not make sense that you would villainize these people. That is what has been happening all along in this campaign. "The rich have put us in this position." Who are the rich? You can’t equate an AIG executive who made $20 million a year with a guy who wants to buy a plumbing business that makes $270,000 a year.

Neil Cavuto: Is this why you have been moving all that money to Tahiti?

Charles Payne: Absolutely.

(laughter)

Head to Head: Gov’t Plan to Buy Banks: Will It Make Your Money Safer?

Neil Cavuto: This week – the government unveiling plans to buy up more banks to make them more secure and your money safer. But, will it?

Charles Payne: Your money will be safe, but it won’t make the nation’s economy safer. The idea that we are going to save every bank out there is absolutely nuts! I think we just have to look over at Japan and see what happened.

Neil Cavuto: They’re really trying to save the top nine banks, right? The point being if you shore up the big guys…

Charles Payne: This is what I don’t understand. We had a bailout for the middle class… and what the heck happened?? We gave all the money to the banks! Where did this go wrong? How come nobody in Congress is talking about this?

The Cost of Freedom: Nat’l Average for Gas Plunges to $3/Gallon: Will it Save Our Economy?

Neil Cavuto: It’s the bright spot in the gloomy downturn – gas prices! The national average is now about $3 a gallon. It’s down 31 days in a row and down more than $1 since hitting an all-time high just 3 months ago. But, is it enough to help get our economy moving in the right direction?

Charles Payne: It is good to be able to say “fill ‘er up” because for a while there, I was saying “stick ‘em up.” It is a sad consolation prize. We have lost 750,000 jobs this year. I do believe people are wise now to the presidential race. They understand what is going on with the economy. But, people are getting a false sense of security. They are running out to buy SUVs. Low gas prices might be the only thing that stops this holiday season from being the worst disaster ever.

More For Your Money: Buys of a Lifetime Stocks!

Neil Cavuto: When everyone is running scared, our gang says run for the buys of a lifetime!

Charles Payne: Massey Energy (MEE)
*Charles owns

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