Discussing economic prosperity and more on Fox News

One of my favorite programs is Fox News' Strategy Room and I enjoy spending time on that program almost as much as my own, the Price of Business. The host of the hour I was on, Eric Bolling, has this unique knack of focusing on the consequences of government policies in a manner that is uncommon among many media personalities today. This may be due to the fact that his knowledge does not end with a traditional journalist education, but years of experience of working in the business world in general and the rough and tumble world of commodities in particular.

The "Biz Hour," which Bolling hosts, is also referred to as the "ADD Hour," because he covers a plethora topics. It is a true "strap on your seat belt experience" as we travel the world of the day's headlines.

Some of the issues we covered:

• Tax cuts vs. tax credits. The President has been emphasizing short term and often politically convenient "tax credits," when what is actually needed are deep and across the board tax cuts, if we are serious about creating more jobs. There are, of course, various types of tax cuts. "Demand side" or "consumer driven" tax cuts are geared towards the middle class. They are designed to increase consumer demand, but in an economy such as this, they are used to pay bills and little else. This is why they have little or no impact. Supply-side tax cuts, made famous by Calvin Coolidge, John F. Kennedy, and Ronald Reagan, are across the board and proportional in their reach. These cuts lead to significant wealth (and job creation).
• Banking regulation. Many liberals are complaining that lending has become too difficult for poorer Americans. I know, it sounds like the banking crisis all over again. These same individuals who believe that those who do not deserve a loan should get one are typically hyper critical of entrepreneurs who seek one, even if they are credit worthy.
• Government attitudes towards small business owners. This Administration seems to pity the poor and wants more of them and it desires mega corporations because they are easier to control. What the Obama Administration seems to despise are the small businesses and entrepreneurs that drive the vast majority of job creation in this country.

Strategy Room combines the best of traditional TV and online programing. It provides nationally known media personalities, such as Eric Bolling, but allows the public to serve as a "co-host" by driving questions via email, Twitter, and other online sources. Strategy Room may very well be the future of talk show programming.

Kevin Price is a syndicated columnist whose articles frequently appear at ChicagoSunTimes.com, Reuters.com, USAToday.com, and other national media. Kevin Price is also host of the Price of Business (M-F at 11 AM on CNN 650). Hear the show live and online at PriceofBusiness.com. Visit the archive of past shows here.

A Lesson in Modern Journalism

Recently I wrote my column for RenewAmerica.com on "Barack Obama and the Racism Charge." Often my column gets picked up by other publications, which I am always delighted to see happen. The more sites it is found, the bigger the reach. With that, I should be thrilled about how well this most recent article was received in light of the many sites it was found. This time I was on the Discovery Channel, USA Today, the Boston Globe, and even the Wall Street Journal. The quotes they chose to highlight, on the other hand, has weakened my enthusiasm. The article was several hundred hundred words, but the syndicate only showcased three quotes:

"Moderation, contemplation, reasoned discourse and a bipartisanship spirit have been banished from the GOP. The birthers, tea baggers, Palin nuts and demented pundits like Rush Limbaugh, Sean Hannity and Beck are now in control of the Republican Party."

"Beck's claims are so crazy that I feel silly refuting them. Obama with his multi-cultural background, and his inclusive and open administration, is the very symbol of racial harmony."

"Glenn Beck's inability to hide the fact that he is an utter moron explodes into the open once more on Fox News when he, without bringing forward a single example, decides that Barack Obama is a racist."

To read these above quotes, the only ones out of the entire article that were displayed in large print, you would have to conclude I hate Beck and love Obama. If you read the article in its entirety, something that the page does, at least, encourages you to do, you will see a different picture:

• I am critical of these quotes above and those of other left wing bloggers.



• I actually cite evidence that supports Beck's claims, including Obama's appointment of Sotomayor, his treatment of the white side of his family in his biography and other sources, and the President's rush to judgement when it came to the incident with his friend Professor Gates in Boston.

The distribution of this article demonstrates one of the many problems going on in journalism today. The quotes from were likely pulled by a writer who doesn't know what journalistic integrity means. On the one hand, I'm delighted to get exposure on several major news websites. On the other hand, being projected as a liberal extremist is more than a little disconcerting.

Kevin Price is Host of the Price of Business, the longest running show on AM 650 (M-F at 11 am) in Houston, Texas and on AOL Radio. His articles often appear in Chicago Sun Times, Reuters, USA Today, and other national media. Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com. You can also find Price on Strategy Room at FoxNews.com.

The "Rest of the Story" on David Asman of Fox Business

David Asman of Fox Business, who was a guest on my program a few months back, spoke with passion about a terrible incident that happened when his wife and him were traveling to London, England. In his own words, from an article in the Wall Street Journal, he talks about being approached by an employee of the hotel they were staying at: "'Mr. Asman, could you come down to the gym? Your wife appears to be having a small problem.' In typical British understatement, this was the first word I received of my wife's stroke. We had arrived in London the night before for a two-week vacation. We spent the day sightseeing and were planning to go to the theater. I decided to take a nap, but my wife wanted to get in a workout in the hotel's gym before theater. Little did either of us know that a tiny blood clot had developed in her leg on the flight to London and was quietly working its way up to her heart. Her workout on the Stairmaster pumped the clot right through a too-porous wall in the heart on a direct path to the right side of her brain. Hurrying down to the gym, I suspected that whatever the 'small' problem was, we might still have time to make the play. Instead, our lives were about to change fundamentally, and we were both about to experience firsthand the inner workings of British health care." He goes on to make one of the most eloquent arguments I have heard about the horrors of socialized medicine.

What stayed with me in that interview was the amount of "heart" he had in this discussion about saving his wife. You hope every man or woman would have the same amount of passion in wanting to save his or her partner. In Asman it was awe aspiring. I understand more so why this is the case after learning the "rest of the story." A friend of mine, who knew how much I liked Asmen refereed to me an article from the Miami Hearald called "A Revolutionary Love Story."

It reads like an adventure novel with a romantic bent. In it, Asman describes his adventures as a journalist in Nicaragua in the dangerous days of the Communist Revolution. While there he is introduced to Marta Cecilia, a revolutionary herself who grew to find that the communists were merely offering another brand of totalitarianism. She quickly gave up her government job, which made her a threat to the new regime and even became a critic of the revolution. With people being arrested left and right for criticizing the government, it was clear Cecilia had to get out. During all this drama, Asman and Cecilia fell very much in love and an amazing story unfolded that resulted in their life together as a family with children in New York City today. The article reads like great fiction, but it is absolutely true. I'm only scratching the surface. I suggest you read the entire article yourself. To hear my interview with Asman, click here.

Kevin Price is Host of the Price of Business, the longest running show on AM 650 (M-F at 11 am) in Houston, Texas and on AOL Radio. His articles often appear in Chicago Sun Times, Reuters, USA Today, and other national media. Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com. You can also find Price on Strategy Room at FoxNews.com.

The Eclectic Format of Strategy Room Biz Hour

Every time I am a guest on FoxNews.com's Strategy Room, I am amazed about how much territory we cover. The Biz Hour, hosted by Eric Bolling, is an eclectic program that, on the surface, would make people wonder, "What does this have to do with business?" Having been on the program several times, here are just a few of the topics we have covered:

* The demise of the domestic auto industry

* Somali pirates

* The volatile stock market

* The Iran and North Korea nuclear threat

* and socialized medicine

This some what "scattered" approach is one that I have long taken when it comes to the Price of Business show that I have hosted since 2001. All of these issues are our business and if one is not aware of them, it could greatly affect cash flow. That is why my radio program spends so much time dealing with politics. Government is increasingly the "meddling partner" who is regulating and taxing many entrepreneurs out of business. They need to know what is coming from Washington, DC and what it will do to their enterprises.

Same is true with the many other headlines we address. How does the threat of nuclear war between India and Pakistan effect business owners here in the US? Thomas Friedman points out, "plenty," in his book The World is Flat. In 2001 those two nations appeared very close to engaging in such a war and business owners in the West were concerned how this would disrupt their inventory of goods they depend on. US business owners got on the phone with Indian vendors and said, "sorry, but we are going to have to look at the Pacific Rim for sources, your potential nuclear war is placing a strain on my business." This seemed to be happening all over the country and business owners got on the phone and gave the Indian government a reality check, which contributed to cooling heads prevailing and a toning down on the rhetoric. Who would have thought, "nuclear war and your business" as a show theme. That is the reality that we live in today. The "Biz Hour" of Strategy Room understands the link between the headlines and your business more than the vast majority of shows in any media.

Another essential element to the success of Strategy Room is how the program draws heavily on its audience for its direction. The audience tells Bolling and the other hosts what they want and they expect it now. Being a guest on that program, therefore, is not for the faint of heart. It is a program that attracts generalists who are comfortable covering many different areas, a dying breed in a world of specialists.

I believe that Strategy Room in general and the Biz Hour in particular are trendsetters that will profoundly affect all news programming. Recognizing the big picture, hearing the interest of the audience, accompanied by solid generalists who understand the larger context, make for an excellent business show.

Kevin Price is Host of the Price of Business, the longest running show on AM 650 (M-F at 11 am) in Houston, Texas and on AOL Radio. His articles often appear in Chicago Sun Times, Reuters, USA Today, and other national media. Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com. You can also find Price on Strategy Room at FoxNews.com.

Socialized Medicine on Strategy Room

My second appearance on Strategy Room (FoxNews.com) this past week moved to a topic that hits close to home to me -- socialized medicine. Eric Bolling had already navigated the panel through his 3 PM hour through a plethora of topics and they were primed by the time I got on the show.

My mother came right off the boat from England. She was a war bride who left her family to join her spouse in the United States. She was young when she did this, a mere 18 years old. Maybe, as a result, she was one of the biggest fan of England you would ever find. She would go on and on about the "virtues" of British socialism and how "terrible" it was that people in this country were responsible for their own health insurance. Having had visited with members of my family in "the old country" many times over the years, my instincts tell me that my mother would have likely had a very different view of British socialism if she lived under it.

My aunt (her sister) use to tell me how such a huge portion of every paycheck was devoured by the socialized health care system, she was amazed by the large number of people who were subsidized to not work, and was disgusted by how it became almost impossible for the average Brit to buy their own home. Regarding health insurance, she said national health care is "great until you need it." It provides "enormous peace of mind" until you actually get sick. Ironically, this aunt eventually died in the British health care system. She was diagnosed with cancer and could not believe how slowly the government dragged its feet in her treatment. Things were even worse when it came to my grandfather when he became ill. Doctors informed my family that treatment options were "limited" because he no longer paid taxes. My aunt was convinced my grandfather died because of the rationing of health care (a common problem when the government controls or owns anything).

This anecdote hits close to home, but the facts support her argument that socialized medicine does not work:

• According to England's own National Institute of Health, eleven percent of the population of England has very expensive private health insurance. This allows them to get treated as a person, rather than a crowd, and to be able to hold their doctor accountable in a way you can't have when the government is your vendor.


• In countries such as Canada it is common for people to head to the US for much of their health care (particularly urgent). Many individuals will go to a veterinarian to get tests, like MRIs, because the waiting lists are too long with government doctors.


• In Australia's socialized health care state, more than half of the population has private insurance.


• More than 60 percent of innovations in health care are from the United States with a much smaller part being carried by the rest of the world. If the US chooses a socialized system, innovation will be severely damaged because it is the incentives in our system that promotes changes and improvements.

One of the best discussions I have had on the subject was with David Asman of Fox Business when he was a guest on my show (then called the Houston Business Show). While visiting in England his wife had a stroke and barely survived. Because of his resources he was able to get her the best care possible in that country, but concluded that an indigent person in the United States has a better opportunity for recovery than the best insured in England. The harsh reality is very simple, why would we believe that a government that can do so few things effectively, could handle the huge task of providing for all our health care needs?

Kevin Price is Host of the Price of Business, the longest running show on CNN 650 (M-F at 11 am), AOL Radio, and CBS Radio. Eric Bolling of Fox News and Fox Business says that Price’s Blog “is very influential and moves the blogosphere.” Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com. You can also find Price on Strategy Room at FoxNews.com.

Can Obama Lead in the Real World on Fox News Strategy Room

One of my favorite media activities is to spend time on FoxNews.com Strategy Room. Eric Bolling hosted my time on and, as usual, we literally covered the entire map of headlines, with a heavy focus on international affairs.

One of the brilliant ideas behind Strategy Room is that its panelists are made up of well informed policy generalists -- a dying breed in media, but one of the most important if the objective is to provide a contextual understanding of what is going on in current events. It provides a well informed discussion that the general viewer can appreciate.

This week's big focus was how Barack Obama was handling international affairs. Of particular interest was Obama's encounter with Hugo Chavez of Venezuela. Most Americans were shocked by the warm "Kodak moment" between the leader of the free world and a vicious dictator. The panel's assessment was largely negative, but ranged from the more benign "sophomoric," to one of being revealing of Obama's view of the dictator. Some simply stated he "didn't know what he was doing" and he approaches things as an "academic." I believe that he approaches the job with one of the most frightening examples of "on the job training" I have seen and, at least appeared as a man who felt some affection for Chavez. To make matters worse, 24 hours later Obama allowed himself to pose with Chavez giving him a book that decries the US role in Latin America (“The Open Veins of Latin America: Five Centuries of the Pillage of a Continent,” by Eduardo Galeano). The old adage "first time, shame on you; second time, shame on me" certainly would have worked for him this week.

Strategy Room also discussed the problem of Iran's development of a nuclear missile program and the fact that the days before Israel takes unilateral action are numbered. Simply put, Iran President Mahmoud Ahmadinejad has made it clear, he believes Israel is a nation that should not exist. Israel cannot afford to do nothing while Iran becomes more dangerous. In our discussion we reviewed the fact that we do have history of Israel taking a similar action (in 1981 against Iraq for the same reason s as they would attack Iran) and that although the world largely complained, the US grumbled lightly and gave a collective sigh of relief. In 1981, Israel only had to fly through Iraq's air space. To attack Iran, it is believed they will have to fly through Iraq's air space again, which is now under US control. How will Obama respond to unilateral action? Candidate Obama made it clear that the protection of Israel is a US priority, but he has done nothing to remove the pressure on Israel to take action (which would be in the best interest of the entire Middle East). George Bush didn't help in this area either and every request Israel made on both Presidents have fallen on deaf ears. Conclusion? Obama is too much of an unknown, he is clearly inexperienced, and none of the panelists wanted to make a leap and determine what this Administration will do in regards to Iran.

Strategy Room is one of the most diverse and entertaining news programs on any platform: TV radio, or online. It is because of its slate of great hosts and eclectic group of panelists that thousands regularly gather around their computer screens, rather than their televisions.

Kevin Price is Host of the Price of Business, the longest running show on CNN 650 (M-F at 11 am), AOL Radio, and CBS Radio. Eric Bolling of Fox News and Fox Business says that Price’s Blog “is very influential and moves the blogosphere.” Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com. You can also find Price on Strategy Room at FoxNews.com.

Supporting the Constitution just Is Not that Cool

When Secretary of Treasury Tim Geithner was taken aback by Michele Bachman's aggressive questioning about the role of the Constitution in governing today, he was clearly uncomfortable. The Minnesota Congresswoman was clearly "not cool" in his view. It seems that we are now lead to believe that "smart," "sophisticated," and "relevant" individuals might appreciate how wonderful the Constitution was, but it is not really that useful today.

I recently did a radio interview where I went to great lengths to cite specifics of the Constitution. According to the host, the audience loved it and you could see that by the number of questions we were receiving. One comment stayed with me though. One person said, "I agree with everything you are saying, but how do you convey your message without sounding nuts." "Gee, thanks," I thought, but at the same time I understood his point. He was simply trying to tell me that, if you stick too close to the Constitution, you are often going to be dismissed by the people you talk to on the subject.

I'm afraid he is correct. To believe in the Constitution in a manner that the Founding Fathers intended, is to be willing to have the same attitude they had as they wrote the Declaration of Independence and together they stated that: "for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor."

People like:

• Carter Braxton of Virginia, who was a wealthy planter and trader. He saw his ships wiped out by the British Navy. He sold his home and properties to pay his debts, and died in poverty.
  
• Thomas McKeam was under such constant pursuit by the British that he was forced to continually move his family. He served in the Congress without pay, and his family was kept in hiding. His possessions were taken from him and he too died in poverty.
  
• Francis Lewis had his properties destroyed. The British jailed his wife and she died within a few months.

I could go on, but the theme is similar... sacrifice, poverty and often death for what they believed in. Today, most people in politics have a rather smug view of the Constitution. Years of political correctness have led people to dismiss the law of this land as something of value in years past, but totally "out of date" today. Recently I interviewed a member of the Tea Party and mentioned that the dramatic moves of the government in so many different areas was clearly against the idea of state rights as seen in the Tenth Amendment. Her response was, "well, I don't really like to talk about the Tenth Amendment because that was used as an excuse for institutional racism." Well I hate to tell you, but state rights is the centerpiece of the US Constitution. That document is about the dispersion of power and they saw strong states and local governments as an primary means of achieving that.

To dismiss the Constitution because it has been used to protect racist policies in the past (and has since been corrected) is to advocate a government without law. That is exactly what we have today. A huge population that has come to the belief that the Constitution is irrelevant and instead of a government that is ruled by law, we have a government on autopilot. This is dishonest government.

I challenge people to study the Constitution and value its relevance today. I encourage people to challenge those who question the currency of the Constitution and ask them what they believe should govern our nation today. More than likely, their answer will be far more flimsy than the document that helped to make the US, the most free and prosperous country in the history of the world.

Kevin Price is Host of the Price of Business, the longest running show on CNN 650 (M-F at 11 am), AOL Radio, and CBS Radio. Eric Bolling of Fox News and Fox Business says that Price’s Blog “is very influential and moves the blogosphere.” Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com. You can also find Price on Strategy Room at FoxNews.com.

Strategy Room Tackles the Tea Parties

While the vast majority of news programs have treated the Tea Party movement as a fad or phenomenon beyond comprehension, there has been very little serious discussion by the media about what this grassroots effort is all about, what motivates them, and what is its long term potential of being a serious force in the years to come. Until now. On FoxNews.com Strategy Room today, we dealt with that exact topic.

Eric Bolling, who hosted the hour I was on, asked some provocative questions that require individuals to think a little deeper about the direction of the Tea Party. They were the kind of questions that Conservatives in media tend not to ask because of their euphoria that such a movement exists and Liberals won't discuss because they are choosing a strategy of simply ignoring such efforts.

Bolling asked the panel:

• Is the Tea Party made up of future or current tax defectors? At first, I found this question surprising, because I hadn't event considered it as a possibility. Then again, I have been approached by people who are beginning to speak in those exact terms. It is hard to tell whether such individuals are joking or if they are seeing the failure to pay as a viable form of protest. In my opinion, if this movement gets noted for such action, it will be dead in the water. I agree with the majority who believe that the federal government has grown out of control and that it is mismanaging our money. On the other hand, like most Americans, I don't believe in lawlessness and the base of this grassroots effort will be quickly discredited if it moves in such a direction.



• What should the Tea Party stand for? This is a very important question and is one that provides the kind of soul searching that the movement needs to ask itself. My concern is that the movement becomes purely a tax revolt campaign when the problems facing our country include so much more than that. Excessive regulations, licensure laws, the perversion of the political process (e.g., moving the Census Bureau to the White House), and state rights are just a few of the items that should be front and center of all our political lives. Taking a multi-issue approach will help protect it from the image of merely trying to help the rich and will broaden its appeal.


• Should Tea Party members be expected to put their money where their mouths are? Virtually everyone has received or is receiving some form of refund or rebate from the government, what is the "right thing" for Tea Party members to do with such? In this lively discussion, Bolling suggested sending the money to a select charity. In my opinion, the dollars should go to transform the Tea Party from an angry mob into a vibrant organization. Although it was suggested that if any of these participants keep the money, they will be hypocrites, I have a slightly different spin. I believe that the Obama Administration is going to tax people well beyond any check they receive from the government. Inflation alone will devour any savings they may receive. I believe a case can be made for keeping such rebates to offset other government related costs.

The debate is on whether the Tea Parties are going to be a major movement or a mere blip on the political radar screen. Ironically, asking tough questions, like those raised on Strategy Room, will play an important role in making it a meaningful and lasting effort. Only through such questions will the Tea Party find its identity.

Kevin Price is Host of the Price of Business, the longest running show on CNN 650 (M-F at 11 am), AOL Radio, and CBS Radio. Eric Bolling of Fox News and Fox Business says that Price’s Blog “is very influential and moves the blogosphere.” Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com.

Strategy Room: More Reasons Big Media Should Fear the Little Screen

Today I had the opportunity to be a guest on my favorite show, on the little screen, Strategy Room on FoxNews.com. Eric Bolling did a fantastic job of leading his panel on the "ADD Hour" (as he likes to call it) on exploring Somalian Pirates and more on today's program. The group of panelists were diverse, the discussion was lively, and Bolling maintained that perfect balance of letting it "rock and roll" without losing control

One could easily retort about my claim that the show is a small screen phenomenon by saying, "maybe, but only because it is on the small screen." In reality, with the exception of those who play with the carrot with the smiley face that is something of a show mascot, this program is very similar and better than those that enjoy a big screen presence. It is the fact that it is on the small screen that it is a threat to other traditional media.

The number of quality channels that people have to choose from are virtually without limit. We have comedies, dramas, documentaries, current events, reality etc., etc. etc to choose from. It is true, we have similar "limitless" programming online, but few have the quality of Strategy Room when it comes to competing with the big boys. Very few indeed. There are Strategy Room from 9 to 5, Monday through Friday, there is the new FoxBusiness.com Live, and the CBS News' Washington Unplugged (which is a high video quality, but terrible in its editorial bent). Other than that, most programming is amateurish or not unique to the Internet (shows that have appeared elsewhere on TV, but archived online).

I believe Strategy Room has a further edge over the other few uniquely Internet based programs -- the number of hours it is on. With the program running 8 hours a day, people have all the reasons to stay with it throughout the day. It dominates the Internet. Increasingly, people may channel surf on their TVs , but won't think about touching that web channel, since they are getting big screen quality on the Internet, for what often feels like "non-stop."

Kevin Price is Host of the Price of Business, the longest running show on CNN 650 (M-F at 11 am), AOL Radio, and CBS Radio. Eric Bolling of Fox News and Fox Business says that Price’s Blog “is very influential and moves the blogosphere.” Steve Moore of the Wall Street Journal calls Price the “best business talk show host in the country.” Find out why and visit his blog at www.BizPlusBlog.com and his show site at www.PriceofBusiness.com.

If a Policy is Bad in a Good Economy...

On my radio show today I interviewed one of my favorite economists, Steve Moore of the Wall Street Journal. He was on to discuss his latest book, The End of Prosperity, and it is must reading. In a very simple and straight forward manner, Moore and co-authors Arthur B. Laffer and Peter Tanous explain what works and doesn't work in our economic system.

One of the areas Moore and I discussed was the fact that government entertains things they would do when the economy is healthy, but would never do when it is weak. If there is a time that such a policy is harmful at all, isn't it safe to conclude that the policy is not in the economy's best interest ever?

On today's show we discussed the fact that Barack Obama is discussing reversing his position on raising taxes on the top five percent because that could make our weakening economy worse. Obama is finally conceding that jobs are made by that top 5 percent and the country simply can't afford more loses. Yet what jobs have we already lost with an economy that has the top one percent paying 27 percent of the revenue? What is more the top twenty percent pays 67 percent. Obama seems to be admitting that adding any more pressure on this group is harmful, but what of the damage already done? It would be interesting if Obama's tax cut discussion was spread to the job creating highest income group. Am I advocating the end of taxes for the rich? Absolutely not, just a fair tax or flat tax that encourages everyone to want to become richer.

Congress is also talking about slowing down the move towards increasing CAFE standards, which are designed to lower fuel consumption. Because of the dire straights of the Big Three automakers, policy makers are reconsidering because of the potential of further damage. Instead of trying incentives to move towards better fuel standards, they seem to be able to use their complete lack of imagination for either increasing regulations to the automakers demise or do nothing at all. They are considering the latter at this point.

Then there is the minimum wage increase which went up just a few months ago (July 24). Since that time we have seen a dramatic jump in unemployment -- the largest increase in 16 years. Minimum wage increases are not even included in the current economic discussion, but there is no doubt among economists that this artificial increase in wages is weakening job creation. Although there is no discussion about reversing this increase, there may be a growing debate about postponing the massive jump scheduled for July of 2009. Again, if the policy is harmful in a weak economy, why is the policy ever beneficial? Furthermore, if such increases cause no harm (as Democrats often argue), why nickle and dime with a dollar here or fifty cents there? Everyone knows that a twenty dollar an hour minimum wage would put a fork in this economy, so how does one justify a minimum wage at all?

Many cities in the US -- Camden, NJ; East St. Louis, MO; and Detroit, MI are in perennial recessions. How can the federal government determine what is best for these cities when it comes to wages? I have long argued that if we must have a minimum wage (a standard practice today), it should be done by cities and states, not by the federal government.

But the larger principle remains. If these policies do harm in bad economies, how are they beneficial at all? Steve Moore summed it up best, "that is a debate that the left doesn't want to have."

Kevin Price is a syndicated columnist whose articles frequently appear at ChicagoSunTimes.com, Reuters.com, USAToday.com, and other national media. Kevin Price is Host of the Price of Business (M-F at 11 AM on CNN 650) and Publisher of the Houston Business Review. Hear the show live and online at PriceofBusiness.com. Visit the archive of past shows here.

David and Goliath on the Credit Front

I just received word that the Bank of America had a devastating quarter with a 77 percent drop in profits. It, of course, reminded me of Calvin Brown's recent interview on the Houston Business Show on the subject of the worst companies with whom to have open accounts. Here's a quick list of those banks:

* Bank of America

* Capital One

* Discover Financial

* Verizon Wireless

* WFNNB

* Washington Mutual/Providian

* Americredit

* Diamond Shamrock

* Best Buy

* Citibank

You can read the list with details here.

It appears to be a "David and Goliath" story, with Calvin taking focus on the banking giant. It may be mere coincidence, but we can't help but think people are getting the Credit Restore message.

Above is a recent video interview of Calvin Brown on the credit situation in the United States. Click the video and click "Movers and Shakers" to view this program.

For a copy of the free report, "Why Your Marketing Isn't Working," email Info@HoustonBusinessShow.com and put "marketing" in the subject line.

Kevin Price is Host of the Houston Business Show (M-F at 11 AM on CNN 650) and Publisher of the Houston Business Review. Hear the show live and online at HoustonBusinessShow.com. Visit the archive of past shows here.

On the Show: Raising Entrepreneurs

On a recent Houston Business Show I interviewed Troy Dunn, author of the best selling book, Young Bucks. This book is excellent and a must read for parents every where. Furthermore, Troy was an engaging guest. There are numerous reasons why I love the book. It is an easy read and are easily equally easy to apply. Here are a few excellent pointers.

Three Myths About Kids and Money

* A college education is key to success. I'm a big fan of formal education and credit being the first in my family to graduate as a great accomplishment. However, it isn't a guarantee for business accomplishment and often inhibits success by distorting a person's view of failure. Failure isn't disaster (like a "F" in school), but an indication that one should do things differently.

* A job with a good corporation will secure your financial future. This is one of the biggest myths of all. The more you make in such corporations, the more limited your expertise tends to be, and the more vulnerable you are to being displaced. Owning one's financial future is the best plan by working towards owning a business or becoming investors.

* Children should not have to "worry" about when they are young. There is plenty of time to worry about finances when they are adults. This may be the single most important issue that must be addressed. Demystifying money early and empowering your children to take hold of their financial future early are crucial in raising successful adults.

There is much more information, including a list of more than 50 businesses that a young person can start and strategies on getting them going, that makes this book a must read. The book is empowering and the difference it will make in a child's life and the life of the parents is huge. If you order the book through my bookstore, you will get it for less than $15. It may be the best money you spend on your children.

Hear the entirety of that interview here:

Part I: Troy Dunn, best selling author of Young Bucks

Part II: More with Troy Dunn, best selling author of Young Bucks

Part III: Host Kevin Price and Troy Dunn

Troy is a great interview and guest and his book is must reading.

Kevin Price is Host of the Houston Business Show (M-F at 11 AM on CNN 650) and Publisher of the Houston Business Review. Hear the show live and online at HoustonBusinessShow.com. Visit the archive of past shows here.

Kevin Price... A Great Face for Radio

On today's show I had Andy Valadez on as a guest and he took the liberty of creating a video and placing it on YouTube. This is the kind of innovative marketing that Andy is famous for and has created quite an archive on the Internet.

In it you hear an overview of today's program and it epitomizes the type of quality content we provide each week. For an archive of recent shows visit the Houston Business Show site and follow the links to our radio programs. While you are there, visit the Houston Home Show brought to listeners by UBuildIt.

As you can clearly see, I have a great face...for radio.