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tv   Cavuto  FOX Business  March 11, 2014 11:00pm-12:01am EDT

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neil: welcome, everybody. glad to have you. after the all nighter, here comes the hangover. for the rest of us, just end over. anytime i see a bunch of democrats in a room all night, god knows what is going on in there. that is what a bunch of them did to demand action on climate change pronto. i could take a more pressing issue for what they should be working into the wee hours, but we do not even have a wee bit of money. we have no cash, we're out of cash come out of time and this is how these guys committed their time being up all night
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for this? i am not here to the great climate change, i'm here to argue away from folks who would sooner lose themselves in the cloud than ever get around to saving cash. they are still spending, we are still spent and the former republican chief of staff says this proves how screwed up some of these priorities are. as i was saying, governor, don't care what the views are. in the pecking order of immediate issues, that ain't it. >> it distracts from what really is one of the biggest priorities and that is spending. we're spending o at the federal level about 24%. that should be under 19 around 19 or 18. in 1990, when i was chief of
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staff that a president who saw the same problem going up to 22, 23% and negotiated budget agreement that had built into it mandatory spending cuts and over five years from the budget agreement he took a lot of heat for spending was back down to about 18.5%. so it can be done but it needs leadership from the white house. bipartisanship doesn't happen without a president leading. neil: that president suffered dearly. do you think republicans they should similarly renege? we're not going to give anymore. >> i think what they have done this handled it in a way in which they would not be able to get the other side of the ledger dealt with. that is the spending cuts inside. i have no problem with them
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defining an overall package. the trouble is nobody wants to go first, nobody wants to put just repealing obamacare alone will save $120 billion per year, that is 1.2 trillion. neil: the fact is it will not happen. what do you think republicans hanging their hat on, they cobbled together because that is going to be there holy grail. maybe flip the senate, gets bigger majorities in the house and set the page for killing this thing. is that realistic? >> to have a talk seriously about entitlement cuts and i know how hot that is politically. at least talk about it in a context of a younger generation getting screwed in the long run. let's go back to obamacare for a second. nobody is talking about the fact the democrats designed obamacare
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on purpose to screw everybody under 35. force them to buy insurance virtually all of them don't need and to suck twoo $3000 apiece out of them to pay for health care folks like you and i need. neil: careful, careful. >> it was deliberately designed. neil: why would they do that? the very base that has been loyal to democrats. >> it is factual, it is designed to get younger people to buy health care. neil: i mean you would not want to do that. >> it was intended to take two to $3000 out of themn purpose. two to $3000 they were not spending before obamacare.
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picking a pocket for $3000 is screwing them, but the fact is they got screwed. neil: the comment about the old thing, it will be a big thing. it is always a pleasure, thank you very much. remember when ron paul said giving a blion dollars to ukraine is like throwing money down a black hole? he found somebody who agrees with him. oh, sure, this guy has a different agenda. very cozy with putin, but think about what he is saying here because this sounds a lot like egypt to me. it will end up going into the wrong hands were in his case trying to take advantage of a crisis. thukrainian people suffering frm that crisis. do we really want to throw money into the middle of all this liquidity in egypt and countless other uprisings? that is what ron paul was getting into.
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congressman, that was your point, right? you don't know who is on first. >> absolutely. if you send money off to some group and take it rather readi readily, goes into the special interest, or if you send it overseeoverseas it goes to specl interest as well. so right now they're figuring out how they're going to handle this bankruptcy of ukraine and they need a lot of money, but a lot of people owe owe the money including many banks. somebody's going to have some benefit that won't be the people of the united states and it won't be the people of ukraine. they will continue to suffer. the principle is wrong and that is my big beef about this whole process. neil: it was a same thing that got us tied up in egypt, we didn't know who to give my two and the group was going to do
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some good turned out to be back and forth. your prescription for all of these type crises is what? >> to stop getting involved in all of them because they never benefit us. the unde undersecretary of stats admitted we already have put in $5 billion undermining the government of ukraine. so we don't need to stop now, we needed it to stop years ago, charge the principle of why we get involved like this because there is never any benefit from it. pretty soon we will run out of money. they made a big deal on opening up the loan guarantee for a billion dollars. they don't even mention in the bill, they just get the access to the loan guarantee program so it can be many, many more. there is only one thing about a
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loan guarantee them a guaranteed never to be repaid. that is a pretty sure thing. that will happen here. they pay some bills, maybe send somebody to russia. neil: you raise a good point. rushers demanding a billion dollars payment for gas. we cannot really police this for money we give them to get to russia. >> it makes no sense whatsoever. it is strange we have accepted this for years the politicians fall into this, but they are gullible, they listen to the propaganda, you have a misunderstanding of economics. one of the most important things is even those that i worked with in washington where we tried to avoid, you know, the military confrontation, they were so often ready to use these
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financial things, freezing of assets, sanctions and send over more money, unfortunately two policies we offered is if you do what we say and you d be a good dictator we will help you come if not we will send a drone missile. the advice was to stay out of the affair of other nations and trade with them and have peaceful relations. that is the only thing going for us is there is trade between russia and europe, trade between us and russia, trade between us and china. that helps, but leave me, these people interfering now are liable to mess all that up and undo some of the progress we have made. neil: always good having you on. try criticizing climate changes. first tim cook says you should dump for apple stock if you're not a believer. richard branson says he should
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have your head examined if if yu are not interested in doing something about it right now. really? curious what you think about all of this. we would love to hear from you. we might even burn up some more energy. typing up your comments on this show. [ telephone rings ] [ shirley ] edward jones. [ male annncer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing.
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[ male announcer ] and we do. so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state.
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and apply online. neil: it is time for the b-side. some apple shareholders may be upset with tim cook. if you think it is junk science, dunk the stock. he wants nothing to do with you. richard branson agrees. while he told sustainability skeptics to get out of our stock, i would urge climate change deniers to get out of our way. too much is at risk, so deal with it or don't deal with us. now, why they want ceos to just shut it and focus on their business and not this stuff. it is interesting because the argument cook makes is that it
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is intrago to their business to be addressing this. you say what? >> if it is intragoal to their business branson should stop flying planes all over the world or stop using plastics. the more they have used the earth the better mankind has been. i can't tell you if the green stuff deal is a fad by thanks 90s clear trend or suicide cult because logical extension is man's extension. how else do you have zero impact on the earth other than getting rid of man altogether. neil: he is doing his part because all of his flight attendants are light load. mercedes, what do you make of that? >> i don't say this lightly, they are hypocritical. the airline industry have emitted over 7.1 million metric
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ton of carbon dioxide in the atmosphere. again they are considered probably one of the more pollutants in the air right now. twto tim cook, maybe china shoud pledge to reduce greenhouse emissions as well or carbon dioxide emissions because where is the majority of the manufacturing for apple? it is in china. again, it is incredibly hypocritical. >> skeptics have been right. every ludicrous claim made over the last 40 years has been dead wrong going back to the ecology movement in the 1950s. all the promises of cataclysm and loss of human life have been wrong. i think it is a fad, it is seen as being trendy, being hip, being progressive and that is why this is so hip with business
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people alike. neil: i am an apple shareholder, long before mr. cook came along. my point is i'm into your company for your gadgets, not your lectures. don't lecture me. it is almost like the food police who say to try a salad. i don't think it is his job to get into areas that have nothing to do really with his company. >> it was a proposal pushed forward toward apple basically saying let's take a look at these greenhouse gases affecting our bottom-line, basically. the ceo of apple not looking at the return of investment. neil: if it figures into a hot new gadgets, there is an app for that, that is fine.
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but this is not your purview. >> not necessarily taking that moral ground if you don't agree with me, get out. neil: they called it right intolerance. >> virtually all of it would be a loss if not where the government subsidies. if it is good for business, that is great. by and large the green movement has not shown that yet to be the case. neil: i choose not to listen to these idiots. thank you both very much. if you have some free time, now you at home can help search for the missing malaysia flight. you can help solve this mystery with your own eyes. average folks have found remarkable things looking at the same thing. this is the quicksilver cash back card from capital one.
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♪ neil: well, this is where authorities think the malaysian flight went down. so, can you see anything here? what about now? how about now? he probably can't, neither can a lot of authorities, so one company is trying to make it a little easier by increasing the number of eyes searching. using a technology called crowd surfing, earth imagery company digital globe is making satellite images of the crash site public hoping you might discover the mystery or something the experts have missed. former national transportation safety board director says after days of learning nothing, this
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is actually a good option. explain. obviously you're allowing more people to sort of play colombo and look at the same data everyone else is getting, right? >> i am in favor of utilizing anof this kind of new crowded technology when you're faced with these kind of challenges. they do not know where this plane came down. it may have gone down on the way to beijing. recent reports say it took a 90 degrees turn, flew back over the main island and disappeared on an entirely different location. so if earth images has a plan where a lot of people can take a look at this, why not. i think it is a plus. neil: you'd be amazed how people
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learn, there watching it unfold just as i am. it was an engineer in florida who noticed something he attributed at the time giving way to prove to be pressing and right. average folks at home can see stuff, but what do they hope to glom onto? >> the folks in malaysia, they are going to tend to their normal investigative protocols. but if something comes up on this, i would certainly if i was running the zoo or investigations, i would have somebody monitoring this. let's see if something comes up,
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see if they have got something. a significant portion of the crowd's a look at this in this area, what is to lose? neil: that is a very good point. average eyes can notice the darndest things. hopefully we can get to the bottom of this one way or another. do you ever wish lois lerner would just talk? what if i told you her e-mails already are. [ doctor ] and in a inical trial versus litor,
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adding crestor can help. go, crestor! ♪ ♪ oh, yeah [ female announcer ] crestor is not right for everyone, like peoplwith liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor about other medicines you'rtang. call your doctor rht away if you have muscle pain or weakness, fl unusually tired, have loss of appetite, upper belly pain, dark urine, or yellowing of skin eyes. these could be sig of rare but seris side effects. crestor! yes! [ female announcer ] ask your doctor about crestor. if you can't afford your medication, astrazeneca y be able toelp. neil: this is kim jong-un-believable, north korean leader, winning the most lopsidedvilleon verdict ever, elected. with not a naysaying north korean in the house. who is bringing down the house?
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you know who. with 100% of the vote in, kim ster with 100%, sweet, you heard me, not one north korean voted against it. or if he or she did, they had their ballot destroyed, then they were. up usual, but not unprecedented. consider this when tv news viewers were asked who they thought was greatest broadcaster of all-time, yours truly not only ran away with that list, he owned it more than an00 polled in a cavuto fox business sampling. look, neil cavuto 100% of the vote. soupy sales?
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0%. then a category for others, peter jennings, dan rager, and edward -- of tv news person who ever lived, 0%, i got 100% of this. sound weird to you? it does to me. she might not be talking but her e-mails are. what lois lerner's exchanges with irs reveal, they were knee deep, house oversight chairman darrell issa detailed the e-mail in a damning report he said presents clear evidence and i quote, miss lerner misled congress about targeting in her own conduct. and tom delay, does not like where they are leading, you know, sometimes you can rely on ha swerve you, e-mailing can be damning, what do you think? >> well, neil, i got to tell you, i think that the e-mails
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tell everything. put is in perspective, remember the president in his state of the union message, sent a message if not a -- openly, publicly to lois lerner, when he spoke about citizens united on the floor of the house, and he wanted something done about it and then you got a letter signed by 10 senators, saying that same thing, senator chuck sure. er, saying the same thing. -- chuck schumer saying the same thing, message coming to irs employees, not least of. fact is lois lerner who is a left wing idea log and part of the democrat party and wants to stop the right wing crazy organizations that leads me to believe, as investigation continues on, you will find it goes to the highest level. neil: i think there is something what you are saying congressman,
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i don't care if you are on the right or left on this issue, i'm a numbers guy. in all seriousness, are these rough numbers? 600 to 6, 600 largely conservative groups versus 6 so-called liberal groups, it is about 3 that might fit that definition, that is a very lopsided score. that would warn further follow-up. >> but, in her e-mail she talked about politics, about irs needs to do something about this. where did she get that? out of the blue. because she is a political activist that sees this going and wants it to hatch? it is -- happen? it is amazing to me that she acted on her own. and not only that, but started
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revealing in her own e-mails, illegally, information from the groups, out into the internet. through her e-mails. all of that is illegal. neil: wait, are saying that you would not do thiso your own working out of a since inoffice there had to be high irups well aware of what was going on? >> absolutely, i'm sure she wanted credit for it, even if she did it on her own she talked to people higher up, this was too big a thing inside 6 lun 600 applications that people are not talking about it within the irs. neil: the numbers alone, how did it get so lopside, it was not as if we had a rampant number of conservative groups looking for this filing status, this nothing like that. >> also remember, they just come
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out of a losing elect in 2020, was looking forward in 2010 and looking forward to presidential elect in 2012, and had been focused on the ocean -- organization but stop them from participating in the process. neil: thank you very much tom delay. >> all right. thank you, neil, congratulationo your 100%. neil: how is that for being a corporate weasel. the car recalls, you know those that resulted in 13 deaths, that is old gm's fault. not the new gm's fault, so all you victims, good luck getting a dime [ male announcer ] a body at rest tends to ay at rest... while a body in motion nds to stay in motion. staying active can ease arthritis symptoms.
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iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at neil: hearingso, now the 18 is
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the and house expecting to hole the hearing on the gm recall mess, gm spokesperson telling fox business it is not this gm's mess, gm did not assume liability for claims arising from incidents and accidents arising prior to july 2009, does that mean that the victims get squat? gm telling us, we don't know, though words, here is what texas republican congressman michael burgess knows, someone is playing -- with the facts here, congressman what do you make of that. and possible legal defense might be -- well this is the old gm. we were rescued this is the new gm. >> neil, i am not a bankruptcy lawyer, you need expert opinion on this. but from my recollection this is not a bankruptcy by gm it was a government takeover, i'm not sure how that alters the
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equation, it may be the government is liable for those claims. neil: what do you' to find out with these hearing, what took so longer whether during the time of buying out and rescue. -- bailout and rescue, they wanted to keep this hush, that certainly, would not have helped the argument for rescue, right? >> well, remember we have some history with uncom manded acceleration in the toyota cars around that same time, and democratic control house at that . was very quick to jump on the toyota manufacturing and brought their high executive to our committee to testify. neil: i remember well. >> if there was other evidence or other problems we should look at, maybe the numbers not as significant, but still, 13 fatalities is no central matter, the other question -- no small matter, the other question, how
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was that data, veil watted. -- evaluated, there are other data of this type. neil: you of thinking, you much to get to whether the time are of the bailout might have affected getting worth out? >> we need to see quality of data coming in. we just have to know that. >> congressman thank you very much. >> all right, now to those law experts, ns not liable for old gm. kind of a ground breaking strategy. to attorney heather and auto editor joseph on what is next for victims and families, heather, on legal argument about a new company? that is the old company. >> that is the reality of these bankruptcy situations, neil,
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anything that occurred before the brur bankruptcy this new gm is not line will for, the new stock holders people. yes of new company don't want to take on that liability,. neil: but prince pehls of company were -- principles there were. >> that is when you get to other questions, congress and senate looking into this. whether or not there will be grand jury investigations into this as there was in toyota recall, that's possible. there also possibility of criminal saptions but civil likability are those who were injured in accidents after the bankruptcy. neil: joseph, i defer to your expertise on company's strategy. how have they, to you, explained the lock delay -- long delay, cynic will say they are covering
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up or people not communicating? >> i think they have not explained the long delay, if you read what they have put it, it looks like people were not communicating and a complicated bureaucratic process that was handling something that should have been handled more expeditiously, i think that company is more or less acknowledged that and the congressional hears, i might note are bipartisan, in nature, have you ranking democrats and chairman fred upton. who -- calling for hearings, this is raise a bipartisan concern, because really congress thought they addressed a lot of the underlying issues in 2000 with what ready to act, but it appears that maybe they did not, there will be a lot of questions to uround that points. the whole regulatory process, what gm did.
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transportation department or didn't do, we have a lots of questions. >> tread act opens up possibility for criminal liability, part in response to firestone recalls, that -- part says, people can be criminally held responsible, we've seen that with medical device manufactures in 2011. neil: we know individual lawsuits were going on years ago. any company, that has -- has to respond to the idea lawsuit there a collect from proses in gathering information. >> yes, that is interesting, they have to answer 107 questions from the national transportation board. then those questions, and answers will be in civil cases. neil: the main character of company, pleading ignorance. is that going to apply? can it fly?
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because it is such a big company? >> no, by -- at the end of the process, i'm sure that members of congress, and regulators, and for that matter people who are litigating will know who knew about what and when. that is what the letter said, they want to know who knew what and when. neil: thank you for bringing us up to speed. someone is not telling the truth. >> are you curious to see what your boss is making? it is easy if your company is public and your boss on the ceo, almost everyone else, kind of tough, but whole foods now the policy, food for thought. ♪ [ chicken caws ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums.
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>> tran person see on compensationo everyone can see what else else gs paid. that is kind of radical but really a good thing. neil: think about that, in a meeting, you are looking around the room, you know what every person in that room is making, a few coworkers make more, but less than you, your boss makes a huge amount more than you. it could be good or bad. i found out other anchors here are paid. did you know that? they are paid. law is shear -- w.h.o. is also paid -- is here who also paid. can that boomerang on you? >> i think it is a wonderful idea, all about competition, if we're equal, and you have good
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performance numbers that is why you make more than me, i'll work to get your performance numbers and i will get a raise. neil: does it make people better. critics -- bitter, the critics say that boomerangs back on people trying to be transparent? >> sorry. yes, absolutely, i think that you know they are trying to be a positive motivate or for their employees to you know have a stake in increasing their salary with increases hard work that is good. but, knowing what your colleagues are making and maybe you are working harder than they are, and that could cause some issues, i think down the road, the question is for, whole foods circumstance is the potential risk worth potential reward, and it whole foods think it a positive. they are moving forward with that? because there are different ways of judging it too. straight pay, and stock, shares
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in the company, rewarding for performance. and et cetera. of the company. then it gets to be a sticky wicket. >> it does get camp kated -- complicate, sal reef cofounder and ceo, a dollar, i like the fact he makes a dollar. neil: we should not worry he is starving. >> he is not. it is a food store. neil: a very good points, i don't see other companies racing to this, from reason circumstance if you are private concern there is no reason to. >> yeah, i agree, i think that you know, companies with nothing to hide, hide nothing, maybe whole foods gets paid fair across the board, they can be transparent, but, i mean, reality that competition of
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normal companies out there in world, probably don't have that type of policy, and i think it would cause a lot of issues with a -- down the road. neil: i think that that yankee game, you get paid for this. >> if you want that talent in have you ta pay them, so, sometimes, so and so makes more than you, they needed that incentive to come onboard, especially with management. neil: thank you very much. all right we a lot of react to this new segment. what's the deal neil, a lot of i are not getting the gist. this is the season of lent, you are supposed to nice, and thinking nice thoughts. as we prepare for a special season. but you are not. a lot of you are being absolutely satanic. some. els after this. -- examples after this. (announcer) scottrade knows our clients trade
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i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. neil: time for most exciting 5 minutes in broadcasting, have you ask anything, i will say anything to get you watching or guessing, we call it, what's the deal neil, a lot want to know the deal with john mccain on for so long. craig in san francisco, why bother having mccain on your show, ever, he is part of permanent political class in dc, david in california, senator mccain is too entrenched with old guard. the rhino and the stupido this viewer is over out.
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good guy. don't let the screen door hit outweigh out. >> i thought your intur view was sense sere. go ahead, and rip his policies, but do not rip john mccain on principles, he endured 7 years of inhumane torture speaking to those principles. >> mike from michigan. -- i brought that issue up before, if you can't afford and find some abus and waste in a defense budget you are not looking too hard. and maybe all that drone spending, right, because at least a judge is cleared him for commercial use. we had business guys salivating
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chance. to use drones to deliver their goods, to your front step. how is a pepperoni pizza extra cheese, drone the door sound to you? one question, how did you tip a machine? jeff in ohio, how to tip a drone, keep a pack of batteries handy. >> courtney, the greatest idea to deliver flowers by drone, customers would get a kick out of it yeah, you can always say the between went to the wrong house. then, neil, thanks for posting my tweet about student lones on air, i want where richard simmons -- why richard simmons wanted to kiss you. a very good tweet. that is us. who owork es that. -- os -- we're all going to pay for it then this. is there any bubble in near
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future, the one i just mentioned. this debt thing is, a ticking time bomb, i know you get tired of hearing it, justin payments are hugging more and more of our overall spending. god forbid, a slight uptick in rates, still there is good news. no one can silence me on these issues, my fox news show has been interrupted by curious. no such problem on this folks business show. we're mother nature proof, now get this, new and improved. only i got that, but, i digress, garland. a little involved be prepared.
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complaining. to your viewer, there is a dish, aimedda this satellite to pick up further distribute the sign signal. sun's pass seemed to move from winter to north in spring, as we enter spring, the sun, will be where that satellite dish is pointed. strength of signal from satellite, is no match for the overwhelming strning strong radio signals from the sun. >> what? kelly, it's not the sun, it's your fat head blocking transition, i understood that. since we set clock ahead.
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beck else, -- i can live with that and this from jc. you suck as an interviewer. my advice to you, put less energy into being cutesy, and more into developing thoughtful questions, have a nice day you hockey puck, my advice to you, is to watch another show, you are bringing down the iq of my smart audience. i want you to get up now. go, go, get up! change the channel. anding is they network more suited to your -- i think nick,
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jr. or msnbc, good night. >> a big fat hypocrite, senator from california, the chairman of the senate intelligence committee worrieded the cia is spying on her. really, diane? how's that feel? a secretive body prying into jr. up mentionables, grabs information at will without your knowledge. sucks; right? that's exactly how the rest of us feel about the nsa and the gross abuses of power. they have the means and motives to check in on all of us regulars. the difference here? we're not senators. we can't compel you and cronies with subpoenas in the threat of perjury. we just sit around, not break the law, and hope to god the intrusive government does not give us


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