tv Cavuto on Business FOX Business February 7, 2016 8:30am-9:01am EST
>> john, what do you think? >> snow day, order stuff online, amazon i think is up 20% in the year. >> jonas. >> i can't get away from cam newton's stories, but consumers will go to t.j.maxx -- >> all right, all right, neil, over to you, have a great show. all right. well ahead of the race for new hampshire is all of this getting a little old? hi everyone, grad to have you, i'm neil cavuto. why hirnt and bernie sanders feel entitled to do outdo each other, are republicans not that much better. all that ignoring, all the money that we are already spending on entitlements, maybe again, but one side just keeps it going. and the other side just seems, well, long gone. this is how we got to $19 trillion in debt. both keep hashing. >> we got that.
she was critical of my adele pickation, but i love julie, so i let it go. and adam, who are all critical of my adele fixuation are not here today. zblpz aerosmith. >> yeah. >> we agreed. that's one. >> right. >> charles, you're looking at this and saying, spending graveyard. >> and it's absolutely amazing how this has sort of drifted to sort of not being a major topic in this political cycle when grassroots anger at the establishment, tea party stuff, all threw out this in the beginning, 19 trillion and counting. bernie and hillary want to give away the store, but on the republican side, i haven't heard anything yet that really gives me a lot of confidence that they have the result that it takes. and i know it's a political third realm, but if you double the size of the military, there's no way you in the world
you do without making adjustments to social security. again, i know it's third realm, but always dance around and never do anything around it. >> what i notice, we're very critical of ways to get more revenue. not at all creative with at least attempting to, i don't know, save on it. >> well, as you pointed out public you're going to save revenue, you have to really slash entitlements and you're going to get grandma to have to give up her medicare. you're going to have to get people -- >> no, no, no, you are, i'm sorry. or even you. fine, fine. the future generation have already paid into the system. listen, i paid my taxes on this stuff, i expect -- >> you're paying what you're going to get out are two different numbers. >> people feel like it's not an entitlement when you've been paying taxes on it your entire working life. >> that's why it never gets down. >> until then, stop explaining. nobody's going to do it. >> you're very angry.
>> i'm all love. >> ben, your views on this. great opportunities for the parties to frame the debate in a constructive way, and they're not. >> they're not going to frame in a constructive way, and in fact, i hate to say this, but bear in mind, i do love adele, the republicans are the ones to blame for the deficits because they cut taxes. we're rolling along with surp s surpluses and rolling along on a powerful economy with surplus surpluses -- >> what happened to the other 7.3? >> that got piled on, but bev had the same clinton era tax rates, would not have been anywhere near it. we cut taxes recklessly, that was our entitlement in terms to give to the rich and upper middle class, and now i don't think we republicans can complain. >> neither side did anything. neither side did anything to address some of the fundamental large spending -- >> neil -- >> god bless you, god bless you, god bless adele, but we just
can't do it. >> you're right on that. i think you're right on it. >> gary, this is not about taxes, it's one day, market's going to wake up and see all this. and i watch my president yesterday come out and take victory laps and not one question was asked about the 8.4 trillion in new debt under his watch that's been accumulated. all he talked about this, that, and the other that does not matter. debt is going to kill, it is going to crush, and and you may be seeing in in the markets as
we speak right now. >> what i'm seeing is the hillary, bernie, and they're talking about more ways to raise tax the rich. republicans, no way to at least reign in this entitlement issue. or large government tom that point, we never hear it anyway. i don't know. it's not encouraging. >> gary makes a fantastic point. because it does seem like -- >> with more. >> a little bit more. >> but, with the thing is that if we take in three trillion and government spends four trillion, take in four trillion, the government spends five trillion. it's amazing. ultimately it's up to the american people to stop voting these people in. maybe that's going to happen this time in. we'll see. ultimately, we hate everybody else, but the person that brings home the bacon for us, then we never get it. >> voting what people in? again, you have medicare part d that was under a republican president, reagan and bush the debt was higher than under obama
or clinton. the point is -- >> no, no, no. >> who are you voting in? >> continue to spend money that we don't have. >> on both sides. >> and listen, here's the thing, okay, i've got to tell you, it's like this week, general motors gives a bonus up to $4,000 to all workers, but the american public, lost 11 billion ant bailout. you know, these sort of redistribution schemes, imagine that with every corporation because that's what we would get with a bernie sanders or hillary clinton kind of administration. >> under bush. >> both to blame, but both sides are also refusing to take action here. gary, continue. >> i hear nobody talking about when government takes in a dollar, they don't spend a #.10e. what scared the living daylights out of me, there are people in the public that actually think bernie sanders matters and is going to do something for this country.
these millennials need to take a trip down and see what socialism has done to that country in venezuela. it is absolutely destroyed it. and for him, his message is just absolutely horror show for anybody to think that can do anything for anybody going forward -- >> and why is he so popular because he's tapping where people feel they're getting the short end of the stick. i'm not a big backer of a lot of his programs an ideas and taxing of the yin-yang, but the fact is, it's resinating with a lot '07 and '08 and say wait a minute, 19 trillion in debt and ka bloom, i'm keeping my fingers crossed that never happens -- >> it's going to happen one day. >> we've been hearing since the '80s. it's not going to happen.
>> the markets don't respond to debt. they don't care. >> take it for instance, greece db. >> after greece had a military coup, are the public, the politicians who came in after that knew they always had to appease the public and gave away the store. and they finally hit that brick wall. we're larger, so our journey -- >> wait, wait, this is why the greece comparison drives me crazy. >> their monetary policy was out of their hands. >> i'm talking about -- >> no. >> no, no, but listen to me. even know, embassy greece comparisons, they have no -- it's -- >> spent more money -- >> the only reason why we're better, we can print money. >> we have all the control of our monetary policy. >> now they should -- >> reporter: bring money -- [ overlapping speakers ]
>> any final thoughts? >> yeah, we're going to go evolve at some point, it won't be that far in the future. >> i'm still looking at wednesday, but you never know. rumor has it. >> oh, i see what you're saying. you're rolling in deep. >> there you go. okay. by the way, these are the issues that will come up, live coverage of the new hampshire primary. next tuesday on fox business network, we start at 7:55 p.m. i can't say the number of people are saying why 7:55? to which i say, why not? all right. can someone please, please, just slap him silly. just slap him silly. why this guy is getting, not only capitalism of the name, but anyone in the business community a bad name? we stick a syringe in it, then you decide. today, donald trump and ben
carson accusing ted cruz of using unfair campaign tactics, but are their complaints warranted or not? now some here say you want the answer, then look at the private sector. when it comes to small business, she's in the know. so strap yourselves in for action flo! small business edition. oh, no! i'm up to my neck in operating costs! i'll save the day! for plumbers and bakers and scapers of lawn, she's got insurance savvy you can count on. you chipped my birdbath! now you're gonna pay! not so fast! i cover more than just cars and trucks. ♪ action flo did somebody say "insurance"? children: flo! ♪ action flo cut! can i get a smoothie, please? ooh! they got smoothies? for me.
self-incrimination and respectfully decline to answer your question. >> you are welcome to answer questions and not all of your answers are going to subject you to incrimination. do you understand that, don't you? >> i intend to follow the advice of my council, not yours. >> you know, the movie, and they want someone to play this guy, who can we get? slimy, kind of, you know, loose and fast and disingenuous, well, they'd come up with the guy himself. pharmaceutical, martin shkreli. all right. you're a great lawyer, did he legally did he get himself in hot water? he's been just jacking up the price of a lot of life-saving drugs, maybe compromising a lot of folks, but maybe resulting in folks getting very sick and not dying as a selfish, greedy ways. did he hurt himself on the stand? >> i don't know if he hurt himself.
i think someone's going to find a way to put him in prison. he's an incredibly hateful and foolish person. i don't know why he's smirking and smiling. i don't know what he was smiling about. what the hell does he think is going to happen to him now? >> you were saying, looking at that now, he's in more trouble wl his hedge fund, nothing to do with the pharmaceutical company, but tweeting people after the fact. i think he said after the hearing, hard to accept that these imbeciles represent the people in our government. what a fox alert, you agree. >> well, both these -- you know, look, i don't know who was more despeckleable here, he or these people who are grand standing not only proposing solutions, but just trying to get ink out of him. ben might know the answer, trey gowdy, i think he answered some questions, he was actually giving up the immunity.
>> even if you give your name. >> he can say his name. >> but not, but not the other questions, you can't just plead the fifth on some, but not all, is that right? >> anything having to do with the law. if they ask him his name and address, he can't plead the fifth about that. >> you know, neil, sometimes you can turn on a tv and leave the sound off, and just look at a pe all you saw was a smirking, condescending -- >> typical viewer.l those quest where -- >> he didn't make capitalism look good, he didn't make it look good. there are a lot of people who say, and i've had them come up to me, see, i knew it. takeover company, rights to a drug, they screw the little guy just to get some big bucks off of what is a proprietary drug and they just do this all the
time. and they see him as the norm, what do you think? >> he is an outlier, he's an outlier imbecile that will be forgotten about in a few months. >> i don't know, i don't know, he's going to become a campaign issue, campaign issue, and they're going to use him as a campaign issue. these are the dangers of capitalism. >> last night mt. most bitter television i've ever seen in my life, mr. next president, mr. sanders said the model for wall street is fraud. that's their basic business model is fraud. he is poster boy for this. if the democrats were paying him, they could not have asked for a better witness. >> there were six or seven pharmaceutical executives there. he is the poster boy for capitalism, and it's really appalling and a shame he bought an drug, jacked up the price. he didn't spend $3 billion
developing the drug on his own. he did something that was a sense despicable, and now, he will be the vehicle used for more government oversight and to the pharmaceutical industry. higher taxes. he will be used -- >> he is not the norm. >> we don't know that. >> because we got an fda that's got this, this, this, this. >> that's not the question. >> i'm telling you why it's too much. you keep adding government and it'll make thing -- >> that's not my question. you don't want regulation where he can jack it up? should he be allowed to do this? >> another company came out with a drug right after this. >> no,
he'll be selling chicklits on the corner. >> i guarantee you he boent. he'll be doing a reality show and rich. that's my prediction. all right. we'll see what happens here. by the way, i want to lead you this bad news to more bad news. world chaos thanks to ben stein and a prediction of what will happen now to vladimir putin, stick around.
that's when brett is on. he has told me, dvr him, watch me. very understanding and that's the way he rolls. back to this world kris kris being on the brink and putin, he's running low on oil and his revenues from that. watch out in the meantime. you're worried about what? >> russia is primarily a commodities export, a country in terms of its earnings in foreign exchange and they are really in a bind now. the price of oil has fallen so much. their revenues are so much set than they were. they have so many obligations in so many different areas and the people love putin, they show putin's polls say and but at some point, there's got to be some dissatisfaction.
i hope and pray not by attacking the baltic states, but it could well be that and if i were in lithuania or estonia, i'd be nevis right now. zpl we see that in north korea. nothing distracts like military engagement. >> two things. there was a report out last week that nato cannot protect the baltic states. to ben's, what is happening. the siege of aleppo, it's carpet bombing, it's devastating, all russia. assad is retaking property land, whatever. throngs. hundreds of thousands of people fleeing. he's already playing this out. unfortunately, the world's not looking or ignoring it on goes
what he'll do next. i agree with the great american ben stein. it has to be watched going forward. >> do you think, hear all this, and we have seen leaders who do this, who are distressed, just distract them with a raid or invasion, something to get their minds off. >> let me tell you about my friend vladimir putin. he's fighting a two front war. propping up his part of the ukraine, propping up the insurgent. >> is he popular at home? >> he is, but it's the insurgent war. he is so far. but he's propping up eastern part of ukraine, the crimea, which by the way, is not a cheap proposition. he's propping up assad. got military in both places.
he doesn't have the cash right now to go into the baltic. in fact, the ruble crashing and the commodities market crashing, it's the best thing that could happen for the west because he will not have the money. >> running out of time, so we have to go. my thanks to julie, charles, he says win no matter who wins in at ally bank, no branches equals great rates. it's a fact. kind of like vacations equal getting carried away. more proactive selling. what do you think michal? i agree. let's get out there. let's meet these people.
>> gary. >> i want to say defensive owned utilities, duke energy, 3%. >> all right. ben. >> my usual. the spiders hold o life. >> all right. we're not done. the talks are going to continue. if in fact senator cruz does not agree with the things that were done with the deceit that was carried out, that i would expect he would do something about it. >> i think what he did was a fraud. and what he did was a voter violation statement looking like it came from a government was a fraud. and it's a disgrace. to the lek tral process. >> trump and carson accusing rival ted cruz of using unfair tactics, but some here say complaining will not help you win. they have proof from the private sector. hi, everybody. welcome to forest on fox.