tv Lou Dobbs Tonight FOX Business May 7, 2014 10:00pm-11:01pm EDT
watch the friday show. for world domination. for matt and kmele, i am kennedy. goodnight. nchors. lou: good evening, everybody. making news at this hour. you are looking at a house of representatives floor where the house is voting on whether to in contempt of congress for refusing to answer questions about her role with the irs is targeting of conservatives. she would become the second obama administration official to be held in contempt after attorney-general eric holder became the first sitting attorney general in the history to be held in contempt after stonewalling the "fast & furious" investigation in 2012. house republicans claim to
she has already waived the fifth amendment right and in so doing expressed her views and waived her right to the fifth amendment. congress saying that she's simply cannot decide or pick and choose when to speak the truth. >> conservatives were targeted that is clear. was lerner only answer is what she wants to including the justice department but not before the u.s. congress. >> also o'grady and the results for that second vote for error colbert to appoint a special counsel to continue the iestigation we will have that result when it takes place if. the pentagon is sending assistance to nigeria as
part of the effort to find the 300 girls kidnapped by the islamists terrorist group last month. jennifer griffin has that report. >> three weeks after being kidnapped from their boarding school, when many of the 276 teenage girls have been sold in twos slavery for as little as $12. president obama has confirmed a u.s. team is on the way to help feed nigerians find those that can still be rescued. >> we have sent a team they have accepted our help of a combination of military law enforcement and other agencies that will try to identify where these boroughs might be to provide health. >> while the government has done little to combat the conflict the intensified
attacks on christians today killing 300 in the remote northeastern town burning homes and shooting those that attempted to escape. the leaders say western influences is corrupting the muslims in they want to oppose both the islamic state. it employs child soldiers as young as 12. >> the young people are grabbed, the mines are bended. >> although the team is headed to nigeria the state department makes it clear this is not to arm to only to advise and assist with logistics and communications in the u.s. is not considering any military operation to rescue the girls. but at an emotional press conference female members of the congressional black caucus called for military action.
>> kill the cancer. drag out the file person who knew that i indicated this is it. this is slavery. >> i don't know what is the case but there should be a positive use of drums. >> up until now the nigerian the government has been reluctant to accept u.s. help it became more violent in 2010 after going to somalia for terror trading. since then it has killed more than 4500 people displeasing happen million nigerians. >> new developments with the benghazi select committee and john baker explained his decision to reverse course to support the creation of the special committee. he claimed to wine was crossed and bows the investigation will not be a
sideshow but the energetic search for the truth. >> they have not told the truth about benghazi or the irs or "fast & furious." only one would have to guess if he is not willing to tell the truth that must not be pretty. lou: chief news correspondent is live with the latest report. >> the senior leadership are telling us tonight expect to appoint the committee members as early as friday. and john boehner telling reporters today to take the investigation into the next level. >> this is a serious investigation. our system of government depend saw and transparency and accountability. we owe it to the future of our country and the next administration to do our
job. to make it clear the types of activities that may have gone on are not acceptable. >> the resolution under consideration is 12 members to investigate the attack that killed stevens, the smith and seven republicans and five democrats are sitting on the committee. today they debated a resolution that we expect to go to the house floor as early as tomorrow with republicans saying that lawsuits by judicial watch was the catalyst to release documents to make this recent example of the collaborative attempts to suppress the sharing of information is unsettling and serves as the trigger point for the establishment of the select committee. >> with that we are not in
agreement. i yield back my time. >> with the democratic leadership that would give more leverage to defend the administration or to end -- undermined the select authority. the leadership tells fox news they may want to suggest they will not get involved but eventually they will at the committee. lou: breaking news the house has just voted to hold former officials lois lerner in contempt of congress. she refused to cooperate with the house oversight committee investigation into the targeting of conservative groups the house approved the resolution one moment to go. the vote 231 / 187.
six democrats did vote with the entire republican membership. another scandal brewing at the epa. the house oversight committee looking into allegations is a broken and rogue agency. for years top officials have concealed or tried to prevent employee misconduct. of clearly frustrated chairman today ast officials how an epa employee whose stand up to six hours per day of looking at pornography at taxpayer expense had not been fired? >> quite frankly how much pornography would it take for epa employees to lose their job? lou: another case one epa employee with multiple
sclerosis was allowed to work from home and produced no work over the last five years even though she was paid about $600,000 during that period. up next more on the contempt vote. we will talk with congressman scott. next. (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you.
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joining us now is a member of the house oversight and government reform committee. it is good to have you with us, congressman. the vote is decisive and has story. what are your thoughts on where the house goes from here? >> now we wait to see what the courts will do. we need to hear from lois lerner to get to the bottom of this investigation. lou: as we have watched this proceeding, the first u.s. attorney general to be held in contempt of congress, but where do we stand with that contempt proceeding and will it have any outcome and will the truth be produced by this administration? >> we certainly hope so and right now that is why we are asking for a special prosecutor
and so we think that it is important to get to the truth and we are coming from an administrative administration that is outraged over this and then says there is not a smidgen of corruption. we have some that say there will be no criminal charges in this case. so i'm not sure that the american people have much confidence. and that the attorney general has also not been forthcoming. >> in the scope of the scandal, i mean, the judicial lawsuit against the irs represents 41 organizations in 41 states. what is that precede and how does this find against this
being helpful in that regard? >> there are people that need answers. fundamental principles are at risk here. there are people who have withheld their ability to speak freely in a presidential election, possibly effective and the outcome of the election, it's imperative that we get to the bottom of this and restore the faith in our election system. and i think that without a doubt there is corruption here that was admitted even by the inspector general assigned to this investigation. they said these groups were improperly targeted and conservative groups. but the liberal groups were not subjected to the same scrutiny and delays. the one it the heart of the charge in the scandal. the iran's was targeting. lou: they have targeted both
liberal groups and so that was a misrepresentation. >> lois lerner knows that she has more to say. but she came in and professor in offense and did nothing wrong. she made a statement of fact. and we uncover e-mail showing she was trying to divert these cases from the very people that she initially blamed them on. we brought these people into the hearing and they said they felt they had been hit with a nuclear bomb when lois lerner threw them under the bus. we know that there testimony implicated them, so the reason we are having to go to the extent of it she needs to talk to us. so the investigation stops and i think that we all know that it goes higher up and we need to get that to those facts. lou: tomorrow the special committee vote is a foregone conclusion and what will be the
effect? >> well, benghazi is another incidence where the american people have confidence that has been shaken in their federal government and administrative office to be specific. so here we have a case where this youtube video story was propagated and we see jay carney dance around on tv and like this as their lie and they're going to stick with it no matter how silly they look. most of america knows for a fact that this was not the case, yet they choose to stick with a story that shakes the credibility of the executive branch. we haven't seen anything like this since watergate. the timing is almost more as well. the president is acting like he has nothing to do with it, it's a phony scandal moved or that the bottom line is that the credibility of the oval office is at stake in benghazi is a perfect representation of that.
lou: congressman, we appreciate it. time for a look at last night's online poll results. we asked after president obama met with meteorologist. would you describe it as a meeting of the minds or a meeting with no meaning? 93% said it was a meeting with no meaning at all. be sure to vote on our poll tonight. while the house select committee on benghazi be more effective without democrats participating? let us know what you think and cast your vote at loudobbs.com. later we will have the quotation of the evening. and an exciting new book is on sale. that's right, it is my book online. it is my book called "border
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is moving to every state. we are coming right back, so stay with us. >> the nation's largest veterans organization calls for the ouster of the va secretary. eric shinseki says he's not going anywhere. eric shinseki says he's not going anywhere. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again.
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lou: raking news, the house voting, asking eric holder to investigate the irs scandal. twenty-six democrat chose to bow at the entire republican membership. this will come in just moments after the house voted in favor of a contempt citation against former irs official lois lerner, becoming the second administration official to be so cited. and breaking news, eric shinseki says he will not step down following allegations that veterans died while waiting for treatment.
my next guest has called for an his resignation and two other va officials. joining me now is the national commander of the american legion, the largest veterans organization. thank you for being with us in calling for the resignation of the secretary. what move made you take that decision? >> we have seen a large amount of issues that come worth since 2011. it just seems like lately things have gotten worse with in the va system. we've had issues in georgia and mississippi and elsewhere. as well as phoenix, arizona where they had hidden list of
appointments that are made. so we thought it was essential at this time that we step forward in the nation's largest veterans organization and ask for resignation due to poor oversight and failed leadership. lou: as the commander of the american legion, you guys are awfully careful about who you engage politically and we support as veterans. you also have a number of people, including senator john mccain and the veterans of foreign wars and his agents not joining in the fall for his resignation. what is your response to those who are veterans who don't support other veterans organizations. >> well, i don't think they realize the magnitude. we have a system for the last
two years and we go to hospitals around the country and we do town hall meetings with veterans, we do reviews within the hospitals. and we see first hand what goes on in those hospitals. we talked to the patients and their caregivers and administrators. and i think what really is the whole gist of this is that when you have people that fail at their job and failed grossly, that they are not punished or fired, that they are getting sterling reviews and bonuses and promotions. it just does not equate. when you talk about veterans were 23 veterans losing their lives due to neglect, one death is tragic. but we have preventable deaths that are unforgettable and they
covered up and that is unforgettable and unforgivable. >> are you also disappointed, that seems to be what's going on in washington dc. are you disappointed at the oversight provided by the house and the senate armed forces committee and the veterans affairs committee? what are your thoughts about the oversight that has been brought to bear? >> i don't have issues. i've been in hearings where congress, where they ask and have been asking for months for records and different things and they are being stonewalled. as they talk to, he just did not give them the answers are what he thought they were going to bring with them in front of them during the testimony. so i feel their frustration also and i really do believe once the
ig comes out that there will be more investigations and we heard today where it appears that phoenix is not the only state where the only area that had these dualist and it has come out in austin and parts of san antonio. and i think there will be more coming forward. lou: we thank you for being with us. the national commander of the american legion. thank you so much. >> thank you for having me. lou: president obama set to arrive in los angeles within a matter of moments. he will be there for a two-day visit and he will attend two fundraisers speaking at a gala for stephen snowbirds holocaust history organization. including political fundraisers since taking office. very reasonable.
and a father arrested after he challenged what he thought was improper and raunchy reading material for his 14-year-old daughter. here he is at the school board meeting. and here is what happened next. >> it is absurd. >> would you please be respectful of the other people. >> you put this book out [inaudible] >> 40 trying to do reign 40 trying to say? [inaudible] lou: he talked past the two minute rule and later charged. we will be following up with this story, but we can't but
help believe that the school board must be proud in the community must be proud of those they put in charge of their educational system. and our nation's educational system, the inspiration for location of the evening, this is from socrates. education is the kindling of a flame, not the filling of a vessel. we are coming right back, so stay with us. >> monica lewinsky on the next chapter of her life and also trying to write the next chapter of hillary clinton's life. we will have that
friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. lou: the intrigue is building. dick cheney says she believes it was pilloried clinton herself who pushed the vanity fair story
on monocle went in. >> i really wonder if it wasn't an effort to get that story out of the way. would vanity fair publish anything of hillary clinton didn't want it in vanity fair? lou: she revisits the clinton affair, saying yes, my boss took advantage of me, but i will always remain firm on this point, it was a consensual relationship. any abuse came in the aftermath when i was maybe a built in order to protect his powerful position. and joining us now is the "a-team." our favorite radio talk show host including compass media network. the syndicated talkshow host on the salem radio network trade what a great network. >> they do good ork.
>> we on the same station. i'm the best lead-in that you've ever had. [laughter] lou: gave a talk show host an opportunity and they will talk. [laughter] let's start with monica lewinsky, which seems to be one of the most important stories of the day. do you think it was inoculation on the part of the clintons to arrange the story in vanity fair? >> you'd think that the greedy wife would've bought this revisit you would think that the aggrieved wife would not want this ugly story to rear its head. but if she is going to be a nominee for president, maybe she wants to say his piece, go to vanity fair, and i will say no
more. lou: and perhaps it will be a barrage. what do you think? >> well, i will tell you that i rank dick cheney has maybe gone on to something here. but i will tell you that my reaction to this story was oh, my gosh, not another monica lewinsky and bill clinton story again. but i will tell you there have been many commentators across the country today that have been beating the daylights out of monica lewinsky as a whiner and loser and shut up and go home and bill clinton sort of gets a pass. so what is that about? enact it is roughly about 16 years of history, which is consistent. so what is this? it looked like it was in many
places a well organized and coordinated attack of the vanity fair article. >> well, of course, she wants to launch a book and make some money and hillary clinton wants to get the ring out of the way as quickly as possible. don't forget that she's a lawyer and if you have any defense lawyer out there and you know there's something ugly in your case, you want to get it out in front early, get it dealt with on your terms. so i think it's a solid one. >> she was also said to be the architect of trying to rehabilitate her husband. that was all her. lou: i have to say that it was a brilliant strategy would work. turning now to lois lerner becoming the second person in this administration to be knighted or contempt of congress. will it have any effect enact. >> everyday we get story about a scandal surrounding the obama administration. the irs story is maddening. it's frustrating that the headline today with hillary
isn't about benghazi but lois lerner. where there's smoke, there's fire. it is an egregious story, an overzealous government and our worst fears as americans. it's about them thing is not going to go away and we will be fireworks there. [talking over each other] >> i'm not sure if you're going to learn a thing about her. they are going to stonewall and stonewalling keep on doing what they have been doing. and i think the only benefit to all of this is that it will run through the summer when they are on recess. brought back during the 2014 election and it will hurt the democrats. >> you have to take note of the fact that while we all talking about it, you have been talking about it on the radio, the means he media has now decided that the irs story is old and they've done minutes on it. media research had them at 14
total minutes between all of the different networks. the story is the pushed to the back burner. lois lerner is contempt of congress citation will bring it back up in the moment. but i think the rest of us just want to ignore this. >> i think you are right. i think it's fair to say the national liberal media has moved from compliant from the early days of the presidential campaign in 2007 and 2008 to now been complicit. >> absolutely. >> always have to have the last word. and a reminder to vote in our poll tonight. the house committee on benghactt democrats participating? vote at loudobbs.com or send us a tweet at lou dobbs news. up next janet yellen upbeat on the economy. and art laffer will be with us next to provide some measure of
lou: now we have our word of the evening and our government increasingly difficult to define what is there. it is easily understood to be quite different from what it once was. a word of this evening is a government in which those seek personal gain at the expense of those they govern, characterized by a graft, greed, and corruption. kleptocracy. perhaps that helps describe and define the government. and on wall street today, the dow jonernment. and on wall street today, the dow jones up 10 points, the nasdaq down 13 points. volume on the big board's picking up to 3.6 billion shares. financials and utilities, the
best. here today, stocks barely budged on the beginning of the year. crude oil is up more than a dollar today, idling about $100 per barrel. gold down, closing 1288 per ounce. in the ten-year dropping to 2.59%. yahoo lost more than 6%, some investors decided that his side had argued been realized in the price and others day that their ipo paperwork will hit the lower end of analysts expectations. and here is art laffer, former member of ronald reagan's advisory board and author of "the new york times" bestseller into the nature and causes of welfare states. and it is so great to have you here with us on the show. >> thank you very much.
lou: you are a big-time economists, select start with you in the media. and let's start with people leaving one element of economic growth out of the discussion. we have to have population growth we traditionally have had for a prosperous free enterprise economy. we're not getting that here, were not getting it globally. this will be the impact in your judgment? >> obviously people don't want to have babies when they think the world looks ugly. it happened in the great depression and they are just very worried about the future and they've refer to postpone having kids or not have them at all. so that is what you are seeing now. they are very reasonable. the the economy is not good and it hasn't been good for a long time. and it's not just obama. but there's no recovery coming.
and it's pretty sad that that is the way we are leaving our world or the future. i have 11 grandchildren and my first great-grandson. and i would love to live in and leave a much other work for them, but i'm afraid that's not the case. >> the world is shifting tremendously. household creation in this country is much lower than necessary in the housing market. and it is fundamental. after all the discussion about interest rate and every other element in this industry. people are focusing on that. >> without housing there is no recovery, as you know. and we have had this before the great recession, 2006, the housing market took a nosedive long before this and we have just been sitting there and sitting there with no real housing recovery at all, all of
these interest rate committee haven't worked or boosted the economy and this has just not proceeded. but after the november election, then after the elections in 2016, it's all been reversed. when we get good policies in washington we will see the economy take off like a jack rabbit. that housing market is going to go crazy. it will be one of the biggest booms of all time. lou: i do not accept an economic forecast without a guarantee that you are probably right to do that. but i will guarantee one pennies worth. [laughter] >> i appreciate it and the optimism as i think all of us do. the brookings institution, however, reports that businesses for the first time in this country are being destroyed by the competitive marketplace faster than they are being created and that is the most chilling statement that i have seen in a long time on the
economy. >> yes, and that stands with odds and everything that america stands for. we are the entrepreneur spirit of freedom. do what you want to make your own way in life. to be able to pursue your own happiness. and that's just not happening in this country due to economic policies and because of the tax rate and excessive government spending, paying people not to work, all of the welfare spending, the bad monetary policy. it's killing all of this entrepreneurial spell it transparent. and it's sad, but again, it's going to reverse once we hit a low rate flat tax free trade and regulations, this is going to go crazy because we have so much low hanging fruit and you will see immediate response is just the way they were when we came into office in 1981. it was a no-brainer to get that.
>> i think a lot of people are going crazy with what their art of putting up what. and those folks serving us in washington or outright crazy. always great to have your insight embers active and your optimism. >> and i love seeing your book. i'm going to go out and get a copy. lou: you don't need just one copy. [laughter] lou: thank you so much great it's my pleasure. be sure to listen to my financial 43 times a day coast-to-coast on this day on radio network for all of the days he gives market and business news. up next my commentary on marco rubio and ted cruz. and we will talk about (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program
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lou: now a few words on the tea party senators. it's unclear which were all of them will be running for the gop residential nomination. but they all seem to want to support it in 2016. senator rand paul, marco rubio, and ted cruz, all agree at the forefront of the tea party. but after yesterday's primary result, it's not clear that there is much to front. not large, not well organized and certainly not well led.
and marco rubio is in turn has made three endorsements in arkansas, colorado and iowa. his endorsement will be tested america to primaries in nebraska next week and next month in oklahoma. if they are endorsing candidates this primary season in hopes of raising their profile for 2016, then they better get it right because they have plenty of opposition forming against them in the republican party. here is senator chuck grassley saying that i'm not saying people like rand paul and marco rubio think that they shouldn't be president, i'm just laying that -- i love that part, don't you? i'm just saying that i want to elect somebody and everyone is so anti-washington these days it
might be better to have somebody outside washington. that is quite remarkable when tea party candidates are considered insiders, and they are. clearly the call among many in the gop is to have achievement credentials. with the gop internal battle lines already forming, we wonder if there's any real semblance of the tea party and whether it will have any significant influence on the candidates these of this and the outcome of the presidential election that is still a year and a half away. it's never too early to worry. and time for a few of your comments now. we have a surprise for your e-mails, tweets and facebook post, we you will receive a copy of my thriller, my first fiction work called "border war."
i cowrote with a former dea agent who is now a special agent of the florida state department of law enforcement. and for your thoughts, jim sent me a tweet and said i hope to talk on benghazi and the irs scandal is and today an action takes its place. and on the select committee, it won't mean a thing unless republicans when the midterms and have this control. and bob e-mailed me to say that in the 2008 primary worry after you wanted to in your phone at three in the morning. the answer is clear now. we should have chosen neither of the above. keep your comments coming. send us an e-mail at loudobbs.com and follow us on twitter and go our facebook page where we have links to everything at loudobbs.com. that's it for tonight. coming up tomorrow, dr. keith ablow, a billion or businessman
and the vice chairman. we will see you then. thank you for joining us. thank you for joining us. good night from new when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. a short word that's a tall order. up your game.
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have a great night. ♪ neil: not just twitter but the whole market looks like terror. welcome everybody i am neil cavuto. a twitter is not the only one that goes back to the offering price less than half at its height. that is a pattern that is a problem. with a 50 initial public offerings that have been planned for even rumored about these are the ipos eight out of 10 are below the offering