tv Cashin In FOX Business May 29, 2016 7:30am-8:01am EDT
>> glad it's still there. are have a wonderful memorial day and never forget those who risked their lives to keep us safe and free. here's eric. pocahontas. that's elizabeth warren. goofy. she gets less done than anybody in the united states senate. she gets nothing done. nothing passed. she's got a big mouth. and that's about it. >> well, donald trump firing back at senator elizabeth warren for claiming he profited from the housing crisis. the war of words all began when warren said this. >> donald trump was drooling over the idea of a housing meltdown. because it meant he could buy up more property on the cheap. what kind of a man does that? a man who will never be
president of the united states. >> but wait a second. warren's hometown paper, the boston herald, reported she profited big from flipping houses, many times. so, is this liberal hypocrisy through the roof? welcome to cashing in. our crew this week, juan willia williams, lisa booth and rick. she made money, too, the same way he did. yeah, totally. both donald trump and elizabeth warren are landlords to people who can't afford housing. and that makes them exactly the same. the difference that elizabeth warren has built a career of manipulating the free market. if she wants to talk about why we've had a housing meltdown, giving people loans, giving people houses, giving people $15
an hour jobs when they're not qualified for that is is what's wrong. she has built this whole premise, this liberal premise around manipulating the free market. in order to give the stuff away to people for free. and that creates the middle class having to pay a lot more money. so, if she wants to talk about theseishes, she's going down a rabbit hole. >> juan, so, elizabeth warren, she and her husband flipped many houses. and now, she takes shots at donald trump for basically wanting to do is same thing, only on a bigger scale. bigger real estate buy than a house. >> we are talking about donald trump taking advantage on a large scale, of a tragedy, an economic tragedy in our nation. let me finish, eric. >> she did the same thing. >> i insist on finishing. she was doing something for her family. members. back in the 1990s.
'93. members of her family, she had some money and she was helping them to get their houses in order. but somehow, trump now wants to equate that with his intervention in markets. huge economic housing markets, he said he wanted to see them go bust so he is a business man, could buy low and sell high. >> you try and buy low and sell high. you want real estate prices. if you're a real estate developer, you want real estate prices to go -- >> everybody in america. >> you want real estate prices to go down so you can buy cheap, develop and make a profit. profit's not a dirty word. hold on. >> apparently -- >> pushed out of their houses. >> apparently, profit's not a dirty word to warren and her family. take a look at these houses. she made 383% profit, juan, profit. that's fantastic. how about this one? made 56% profit, juan.
she made a profit. if she's taking shots at donald trump for making a profit, she did the same thing. >> look at the data. 1993. >> who cares. doesn't matter. >> not 2008. 2009. >> it doesn't matter when it happened. they did the same thing. trump is is trying to do it on a bigger scale. >> it matter to me and you. you saw the housing market implode and suddenly, your value went out the door. the it was the same thing as a real estate market that was weakening and they're looking to buy cheap and sell high. no problem with that. >> i have to get smart warren's reaction. first statement they issued this statement. quote, senator warren and her husband, bruce, are fortunate to be in a position where they've been able to help relatives buy their homes and make a living by fixing houses and managing rental properties. >> looks like juan is taking part in the same liberal hypocrisy.
both donald trump and elizabeth warren saw an opportunity in the market and took advantage of it. that's smart business practices and good for warren, but shame on her for trying to take those funts away from every day americans, but she's not swrus a hypocrite. she's also a liar. this is the same woman that lied about her her taj to three different employers to get the job. rewrote the rules to the community reinvestment act. >> this is a great, great point. going to get to juan in a second, but the community reinvestment act was reformed you aren't president clinton and i remember this, they said they want ed to get everyone with a home. they wants team who maybe not could afford a home, to get homes and that's why the real estate bubble inflated and burst a and elizabeth warren and donald trump made money on it. >> look, the people that elizabeth warren, that live in
her homes, that she is the landlord of, those people cannot afford homes because the market has been manipulated by elizabeth warren policies. one example. they rush to push local governments into demanding that developers build below market homes. below market homes. and that, what that means is that in exchange for a permit, a developer has to add a whole bunch for the middle class simply because there is a politician like elizabeth warren saying in order to get that permit, you must give people below market homes. homes they cannot afford to be in. that is a manipulation of the market. and giving people free stuff is a true problem of the market. >> greatest manipulation of the market, juan, was in 1993, '94
and '95, when president clinton reformed the community reinvestment act. no job, no documents, got your loan any way, got your house. that's what caused the bubble. zpl you forget this is expanded from democrats to republican administration. everybody wants our american people b to believe in the american dream and to get a house. people just, you know what, it's good for americans to have investment in their communities, to own property. what's going on with warren helping out our relatives and friends in the early '90s is is is wholly different than what's going on in the late early 200s when we have a recession and people like trump are profiting on the backs of people trying to buy a house. >> there are liberals who profited on that as well. >> eric -- >> made a ton of money. >> eric -- >> that wperpetrated under demo.
it burst in '07. >> i'll give you that. the community investment act, which is a good thing, started under president clinton, you are right, but it's continued under president bush and the idea was not to give money in the pockets of people like donald trump. it was to try to help the little guy. >> difference here though. >> failed. >> there's a big difference here though because donald trump is being unapologetic about seeinging an opportunity in the marketplace and taking advantage of it. that's what a smart business person does, but the irony, give me a second, juan. please, you were talk iing abou there's plenty of kulpaable ty the to go around to democrats an republicans, but problem here is that warren is trying to be a hypocrite. hk is is being a hypocrite as well. they're trying to criticize donald trump when become had a hand in this. >> when you said you have to have a heart and you're off the community reinvestment act, that
would be great in liberal la la land. guess who picked up the tab? not the little guy, the american taxpayer, to the tune of a trillion dollars. >> and guess who profited? it was the donald trumps of the world. i don't care about devastating your community. >> i'll bet you clinton profited on it, too, somehow. >> i know donald trump profited. >> got to leave it right there. coming up, president obama overseas taking another shot at donald trump claiming he's rattling world leaders, but could that be what america needs right now? i have asthma...
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president obama trashing trump during his trip overseas this week, claiming the dond is rattling world leaders. listen. >> they're rattled by him. and for good reason. because a lot of the proposals he'd he's made display either ignorance of world affairs or a cavalier attitude. >> trump says he's glad, maybe this is why people like him. >> right. and shame on president obama for doing this while overseas and setting that precedent and also for him to talk about that and this is the guy who after the brussels attack, the second worst attack since world war ii, i believe, he proceed ed to do the wave of the communist dictator and dance the tango, so i don't think president obama
had a lot of room to talk. this is also the guy that draws red lines and fails to follow through, so i don't think he's exactly sending a strong message to other world leaders respected here either. >> you know who didn't rattle world leaders? >> president obama. >> oh, i don't think he did. >> is that good is this. >> i think it's very, look, we have trieded to calm down a world, end two war, we're trying our best, but i can't agree with president obama more. you look at things like bond markets. we're on cash iing in today. who says oh, you know, i may not respect the value of u.s. bonds. imagine the impact on world financial market frs that kind of talk. imagine the impact on saying i'm going to impose tariffs. i'm going to stop free trade in the world. what would that do the our global economy? imagine the impact of a guy who says one minute, oh, i don't think we should raise minimum wage, then says maybe we should in some states, but not others.
what is his policy? >> you know, i like for a change, i'd like to mullahs in iran to be a little bit rattled. or north korea to be a little bit rattled. am i wrong? >> no, you not, but first, we need to correct juan. trump is not against free trade. and that statement is absolutely wrong, but let me make something very clear. crimea, let me continue on. russia grabbed crimea. the chinese have grabbed the south china sea. iran has a deal and cuba now has a comfort down below the united states. these leaders need to be rattled, juan. they haven't been rattled and so, when i hear that world leaders are nervous to negotiate with donald trump, i say, here here because that's exactly what we've needed for a very long time. we've been walked on. we've had foreign policy that's been driven by ben rode, the creative writing student and if we have a president who's going to stand up and say, let's
negotiate from a position of strength, i think most americans are going to respond just like they have here. donald trump is rattling domestic politicians and the internet. >> president obama negotiated, first, around, i think it was a horrible deal. he also gauched a deal with cuba. got nothing for it. gave everything, got nothing. >> in response, i'm going to come to you, you're rattling our friends. op w ry on you. oh, take away te nuclear umbrella from japan and start north korea, you say he didn't say anything. you think i'm just making it up? >> no, i think you're exaggerating his position. and you're making his position a wrong position. he didn't say that he would give japan and south korea a nuclear weapon.
>> go ahead, lisa. >> i think we're just, there's a lot of liberal hypocrisy going on because president talks about a cavalier attitude, but he's the one with a cavalier attitude. this is a guy that won't name our economy. won't call islamic extremism what it is. this is a guy who said he doesn't even have a plan to address isis. there's a weakness from president obama. and donald trump is filling the vacuum that he has created. >> coming up, nearly a year after the murder of kate stein in san francisco upholds its sanctuary city status. should cities like this be cut off from federal funding? we debate, you decide.
san francisco voting to uphold its sanctuary city policy. if you recall, these policies protect illegals by limiting local law enforcement helping the government. now, lisa, should sanctuary cities like san francisco lose their federal funding for not following federal immigration laws? >> yes, absolutely. we should cut funding to a city that decides to shield illegal immigrant wo had seven felony conviction, deported five times who then went on to kill a young
woman who had the rest of our life ahead of her because of this policy. >> juan, now, there's some three dozen or so sanctuary cities in the county tr tri. that would be quite a bit of funding cut off. why not upholtd the federal law? >> what you see is that eric, you have won this conversation because san francisco has changed the laws so that anyone who's under suspicious, been convicted, is now going to have their status communicated to the federal government so you can't have a repeat of what happened in the case, so i think you should be celebrating that san francisco -- >> i don't think so. i think they need something like seven felony convictions for them to -- >> they have to have conviction, not seven. they have convictions and that their status is in question. >> how about we just uphold the law? if illegal immigrants are here illegally, we can deport them, rick. >> let's be very honest with
what a sanctuary city is. it's an announcement by politicses that people don't have to follow the law and that law enforcement officials who try to pursue the law will be found you know, in violation of the politician's promise. if you don't know the name, kamala harris, get to know it. she's running for the senate and has created not only a sanctuary city in san francisco, but in california. >> we don't have a lot of time, but what if the city decides they want to be a sanctuary city for heroin? what's the difference? >> that would be terrible. eric, you and i would shake hands. you don't want immigrants and especially illegal immigrant, not talking to police, fearing that somehow, they're going to be thrown out because of that and therefore, allowing themselves to be abused, exploited. that's why you have sanctuary
ci cities. you say talk to the cops. we want safety in america. zpl i don't know. last thought. what's the difference between sanctuary, to legal to legal. >> just flies the face of public safety and common sense. we should cut funding. there was a 2008 incident where a man and his sons were killed as well by an illegal immigrant in san francisco. coming up, the less if a denture were to be put under a microscope, we can see all the bacteria that still exists. polident's unique micro clean formula works in just 3 minutes,
i want to say thanks to our crew for joining us. by the way, juan, your son got married last night. congrat, my friend. >> appreciate your blessings, my friend. time to wake up, america, thanks to the liberal left's treatment of our kids, we're becoming a nation of wousies, the everyone gets a trophy is destroying our competitive nature and that drives an thrives in the free market. america's all about competition.
who hasn't challenged a friend to a pick up basketball game and who doesn't love a close football game? in business, competition drives americ americans to work harder to win, to profit from our hard work. competition makes us better, exceptional. since president obama down played -- the speech, liberals have tried to kill the idea of america as exceptional and has been attacking ever since. in north carolina this week, the wake county school board voted to stop recognizing student as valedictorians. that's right, your kid works hard in the classroom and now, can no longer be recognized home run her achievements. the reason these geniuses eliminated valedictorians is because they claim it quote creates unhealthy competition. liberalism is unhealthy. we're becoming a nation of
wousies. push back on liberalism before it's too late. you know, i address this extensively in wake up america. you can preorder your copy. have a great >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back. and nowhere is that more clear than the sunshine state of florida. so we're headed from the strip to the beach to show you how to live the american dream. i'm gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe and give you the tips that everyone needs to navigate the new landscape, because information is power. and the property man has got you covered. [ woman vocalizing ]