Monday, February 28, 2011

On CNBC's Kudlow Report Tonight

On Kudlow Report tonight at 7pm ET:

MARKETS

- Jeff Matthews, founder of the hedge fund Ram Partners LP; "Pilgrimage to Warren Buffett's Omaha" author
- Philip Silverman, Kingsview Management Managing Partner
- Don Luskin, CNBC Contributor; Trend Macro Chief Investment Officer

ARE UNIONS HOLDING STATES HOSTAGE?

- Gov. Sam Brownback (R-Kansas)

MIDDLE EAST IN TURMOIL … IS SAUDI ARABIA NEXT? IMPACT ON OIL PRICES?
- Karen Eliot House, WSJ Publisher
- Dan Senor, Council on Foreign Relations Sr. Fellow for Middle East Studies

BUDGET BATTLE: REPORT CLAIMS GOP SPENDING PLAN WOULD COST 700,000 JOBS

- Mark Zandi, Economy.com Chief Economist; McCain Campaign Economic Advisor; Author, "Financial Shock"
- Steve Moore, Senior Economics Writer for WSJ Editorial Board; "Return to Prosperity" co-author

Please join us at 7pm ET on CNBC.

Thursday, February 24, 2011

On CNBC's Kudlow Report Tonight

On Kudlow Report tonight at 7pm ET:

**CNBC’s Trish Regan will be hosting tonight.

MARKETS: WHICH WAY WILL THE BULL RUN?

- Joe Battipaglia, Stifel Nicolaus Market Strategist
- Michael Farr, Farr, Miller & Washington; CNBC Contributor
- Phillip Silverman, Kingsview Management Managing Partner

WILL INFLATION DERAIL THE ECONOMY?

- Peter Cohan, Peter Cohan & Associates Pres.; Professor at Babson School of Business; e-Stocks, Author
- Andre Julien, Senior Market Strategist at OpVest

BUDGET CUT STANDOFF IN WISCONSIN

- Zac Schultz reports from Madison.

UNREST IN THE MIDWEST - UNION RIGHTS SHOWDOWN

- Gov. Ed Rendell, Former DNC Chairman; Pennsylvania Governor (D-PA)- Democratic Wisconsin State Senator
- Dean Knudson, (R) Wisconsin State Representative

CRISIS IN THE MIDEAST

- NBC’s Richard Engel reports.

THE MIDEAST POWDER KEG … U.S. MILITARY INTERVENTION IN LIBYA?

- Gen. Barry McCaffrey, McCaffrey & Assocs; NBC News Military Analyst; Fmr. Gulf War Div. Commander; Fmr. Nat'l Secy Council Member
- Dan Goure, Lexington Institute; Vice President; fmr.Sr. Defense Analyst

Please join us at 7pm ET on CNBC.

Wednesday, February 23, 2011

On CNBC's Kudlow Report Tonight

On Kudlow Report tonight at 7pm ET:

**CNBC’s Michelle Caruso-Cabrera will be hosting tonight.

MARKETS: THE FEAR TRADE...WHERE ARE THE SAFE HAVENS?

- Bob Gelfond, MQS Asset Management CEO
- Jim Iuorio, Options Action Contributor; Director, TJM Institutional Services
- Don Luskin, CNBC Contributor; Trend Macro Chief Investment Officer

OIL RALLIES TO $100
IS THE ECONOMY IN A STRONGER POSITION TO HANDLE RISING OIL PRICES?
DOES SAUDI ARABIA HAVE THE CAPACITY THEY CLAIM THEY DO?

- Dan Yergin, IHS Canbridge Energy Resources Chairman; CNBC Global Energy Expert; "The Prize" Author
- Peter Beutel, Cameron Hanover President
- Chris Edmonds, FIG Partners Managing Principal

PRO-UNION PROTESTS
- Zac Schultz reports from Madison, WI.

SHOULD UNIONS BE ABOLISHED? ARE UNIONS HURTING OUR ECONOMY? WHAT’S THE IMPACT ON ECONOMY IF WALKER SUCCEEDS?

- Mark Levine, Radio Host & Democratic Strategist
- Rep. John Nygren, (R) Wisconsin State Assembley

MOAMMAR THE MADMAN?
IS HE "CRAZY" ENOUGH TO SET THE OIL FIELDS ON FIRE?

- Hisham Melhem, Al Arabiya Washington Bureau Chief
- Ken Timmerman, Middle East Data Project President; "Countdown to Crisis: The Coming Nuclear Showdown with Iran" Author

Please join us at 7pm ET on CNBC.

Tuesday, February 22, 2011

On CNBC's Kudlow Report Tonight

On Kudlow Report tonight at 7pm ET:

**CNBC’s Michelle Caruso-Cabrera will be hosting tonight & tomorrow night.

MARKETS

- Keith McCullough, Founder & CEO of Hedgeye Risk Management; CNBC Contributor
- Jack Bouroudjian, CEO of Index Futures Group; CNBC contributor
- Jim Glassman, "Safety Net" Author; George W. Bush Institute Executive Director

CRISIS IN THE MIDDLE EAST; LIBYA & KHADDAFY

- NBC’s Richard Engel reports.

OIL SPIKE: HOW HIGH & HOW LONG?

- John Kilduff, CNBC Contributor; Again Capital LLC Partner
- Dan Dicker, Independent Oil Trader, TheStreet.com Senior Contributor
- Robert Baer, former Middle East CIA field officer; TIME.com's intelligence columnist; author of See No Evil" & "The Devil We Know: Dealing with the New Iranian Superpower"

MORE MAYHEM IN MADISON

- Zac Schultz, WMTV Madison Reporter.

UNION BUDGET BATTLE

- Ben Manski, Liberty Tree Foundation Executive Director
- State Rep. Scott Suder, (R-WI) State Assembly Majority Leader

GOVERNMENT SHUTDOWN?

- Dan Mitchell, CATO Senior Fellow
- Keith Boykin, Former Clinton White House Aide; Editor of The Daily Voice online news site; CNBC contributor

Please join us at 7pm ET on CNBC.


Saturday, February 19, 2011

Madison Madness

The Democratic/government-union days of rage in Madison, Wis., are a disgrace. Wisconsin congressman Paul Ryan calls it Cairo coming to Madison. But the protesters in Egypt were pro-democracy. The government-union protesters in Madison are anti-democracy; they are trying to prevent a vote in the legislature. In fact, Democratic legislators themselves are fleeing the state so as not to vote on Gov. Scott Walker’s budget cuts.

That’s not democracy.

The teachers’ union is going on strike in Milwaukee and elsewhere. They ought to be fired. Think Ronald Reagan PATCO in 1981. Think Calvin Coolidge police strike in 1919.

The teachers’ union on strike? Wisconsin parents should go on strike against the teachers’ union. A friend e-mailed me to say that the graduation rate in Milwaukee public schools is 46 percent. The graduation rate for African-Americans in Milwaukee public schools is 34 percent. Shouldn’t somebody be protesting that?

Governor Walker is facing a $3.6 billion budget deficit, and he wants state workers to pay one-half of their pension costs and 12.6 percent of their health benefits. Currently, most state employees pay nothing for their pensions and virtually nothing for their health insurance. That’s an outrage.

Nationwide, state and local government unions have a 45 percent total-compensation advantage over their private-sector counterpart. With high-pay compensation and virtually no benefits co-pay, the politically arrogant unions are bankrupting America — which by some estimates is suffering from $3 trillion in unfunded liabilities.

Exempting police, fire, and state troopers, Governor Walker would end collective bargaining over pensions and benefits for the rest. Collective bargaining for wages would still be permitted, but there would be no wage hikes above the CPI. Unions could still represent workers, but they could not force employees to pay dues. In exchange for this, Walker promises no furloughs for layoffs.

Indiana Gov. Mitch Daniels is also pushing a bill to limit the collective-bargaining rights of teachers for wages and wage-related benefits. Similar proposals are being discussed in Idaho and Tennessee. In Ohio, Gov. John Kasich wants to restrict union rights across-the-board for all state and local government workers. More generally, both Democratic and Republican governors across the country are taking on the extravagant pay of government unions.

Why? Because taxpayers won’t stand for it anymore.

In an interesting twist on this story, even private unions are revolting against government unions. Private unions pay taxes, too. And they don’t have near the total compensation of the public unions. It’s no wonder they’re fed up.

So, having lost badly in the last election, the government-union Democrats in Wisconsin have taken to the streets. This is a European-style revolt, like those seen in Greece, France, and elsewhere. So it becomes greater than just a fiscal issue. It is becoming a law-and-order issue.

President Obama, who keeps telling us he’s a budget cutter, has taken the side of the public unions. John Boehner correctly rapped Obama’s knuckles for this. If the state of Wisconsin voters elected a Chris Christie-type governor with a Republican legislature, then it is a local states’ rights issue.

But does President Obama even know that the scope of collective bargaining for federal employees is sharply limited? According to the Manhattan Institute, federal workers are forbidden to collectively bargain for wages or benefits. Instead, pay increases are determined annually through legislation.

Meanwhile, Gov. Scott Walker said it would be “wise” for President Obama to keep his attentions on Washington, not Wisconsin. “We’re focused on balancing our budget,” he said in a television interview. “It would be wise for the president and others in Washington to be focused on balancing their budget, which they’re a long ways from doing.”

Amen.

Obama should stay out. And Governor Walker should stand tall and stick to his principles. A nationwide taxpayer revolt against public unions can save the country. Otherwise, the spiraling out-of-control costs of state public-union entitlements will destroy the local fisc, just as surely as the unreformed federal entitlements of Social Security and health care are wrecking our national finances.

Friday, February 18, 2011

On CNBC's Kudlow Report Tonight

On CNBC's Kudlow Report tonight at 7pm ET:

THE MARKET

- Stephanie Link,TheStreet; Dir of Research/VP of Strategy
- Dan Genter, RNC Genter Capital Management President, CEO & Chief Investment Officer
- Larry Glazer, Co-Founder of Mayflower Advisors


INFLATION ALARM

- Joe LaVorgna, Deutsche Bank Chief U.S. Economist & CNBC Contributor
- Vince Reinhart, American Enterprise Institute resident scholar; former director of monetary affairs at the FOMC

TURMOIL IN THE MIDDLE EAST … BLOODBATH IN BAHRAIN; EGYPT SIGNS OFF ON IRANIAN WARSHIPS PASSING THROUGH SUEZ CANAL
- NBC’s Richard Engel reports.

WISCONSIN BUDGET BATTLE PROTESTS

- Zac Schultz, WMTV Madison Reporter joins us live from Madison, WI.

WISCONSIN: BATTLE BETWEEN TAXPAYERS & GOVERNMENT UNIONS - IT'S A STATE ENTITLEMENT ISSUE - PATCO THE TEACHERS UNION!

- Robert Reich, Fmr. Labor Secy; "Aftershock: The Next Economy & America's Future" author; CNBC Contributor
- State Rep. Scott Suder, (R-WI) State Assembly Majority Leader

IBM & THE WATSON COMPUTER: THE WAVE OF THE FUTURE; JOB KILLING COMPUTER?

- Katharine Frase, Vice President of Industry Solutions, IBM Research

FREE MARKET FRIDAY
a) BUDGET BATTLE: IS A GOVERNMENT SHUTDOWN LIKELY?
b) SHOULD UNIONS BE BUSTED?

- Dolly Lenz, Vice Chairman Prudential Douglas Elliman
- Dan Gerstein, Political Consultant Dan Gerstein Consulting
- Chystia Freeland, Thomson Reuters Global Editor at Large

Please join us at 7pm ET on CNBC.

Thursday, February 17, 2011

The Madison Disgrace

The Democratic/government-union days of rage in Madison, Wis., are a disgrace. Paul Ryan calls it Cairo coming to Madison. But the protesters in Egypt were pro-Democracy. The government-union protesters in Madison are anti-democracy. In fact, Democratic legislators are fleeing the state so as not to vote on Gov. Scott Walker’s budget cuts.

The teacher’s union is going on strike in Milwaukee and elsewhere. They ought to be fired. Think Reagan PATCO in 1981. Think Calvin Coolidge police strike in 1919.

Governor Walker is facing a $3.6 billion budget deficit, and he wants state workers to pay one-half of their pension costs and 12.6 percent of their health benefits. Currently, most state employees pay nothing for their pensions and virtually nothing for their health insurance. That’s an outrage.

Nationwide, state and local government unions have a 45 percent total-compensation advantage over their private-sector counterpart. With high-pay compensation and virtually no benefits co-pay, the politically arrogant unions are bankrupting America -- which by some estimates is suffering from $3 trillion in unfunded liabilities.

Exempting police, fire, and state troopers, Governor Walker would end collective bargaining for the rest. Unions could still represent workers, but could not get pay increases above the CPI. Nor could they force employees to pay dues. And in exchange for this, Walker promises no furloughs for layoffs.

So, having lost badly in the last election, the government-union Democrats have taken to the streets. This is a European-style revolt, like those seen in Greece, France, and elsewhere. So it becomes greater than just a fiscal issue. It is becoming a law-and-order issue.

President Obama, who keeps telling us he’s a budget cutter, has taken the side of the public unions. John Boehner correctly rapped Obama’s knuckles for this. If the state of Wisconsin voters elected a Chris Christie-type governor with a Republican legislature, then it is a local states’ rights issue.

Obama should stay out. And Governor Walker should stand tall and stick to his principles. Otherwise, a nationwide revolt of state-government unions will destroy the country as well as its finances.