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Cavuto on Business Recap of Saturday, May 30
Government Could Control 70 percent of GM; Good or Bad for America? Charles Payne: What's ridiculous is how easy this administration dismisses concerns of people that dare say what is plain to see. During the campaign the Obama camp ridiculed the Bush agenda of an "ownership society"; liberal intellectuals have been pushing the notion for months that people shouldn't want to own homes and that renting is just fine. In fact the goal is to have this government own the means of production, control salaries and distribute wealth as they see fit. This country is great based on three pillars: constitutional freedoms, Capitalism and innate determination to simply be the best. Now we are being told capitalism ran amok and is bad unless the government pulls the strings; we are also being told to expect and enjoy living a simply existence without boom and bust cycles and the constitution is also being threatened. Sure feels like socialism to me. President Pushes National Health Care; Do We Already Have It? Charles Payne: There are so many programs in this country that help homeless with medical and dental and everyone is helped in emergency rooms. Sure we already have national health care, but we are going to pay a lot more to make it cover the most expensive procedures. New Government Survey: Invasion of Privacy? Charles Payne: Hell yes! If I get a form I'm going to write on across the page: None of your damn business! This is frightening. This is like investigating people without reading them their rights of charging them with anything. I think terror suspects at Gitmo have greater rights with their personal information. Stocks Ready to Jump at Least 100 Percent Charles Payne: Rite Aid (RAD) http://www.foxnews.com/story/0,2933,523863,00.html
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