tv Lou Dobbs Tonight FOX Business May 22, 2013 10:00pm-11:01pm EDT
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report. have a great night. we'll see you here tomorrow. lou: good evening i'm lou dobbs, these people are swearing to tell the truth, in front of the house ove oversight committee t, although not many americans according to latest pol polls ce pecked to of about -- pectsed to believe them, and lois warner. >> i have been advise by high council to assert my constructional right not to testify or cancer questions we lated to subject matter of this hearing. lou: the fifth, refusing to answer questions after pleading her cas with a series of denials and deflects about the
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lawfulness of or aions. in or opening statement. do you believe her when she says, she is innocent? >> i have not done anything wrong. i have not broken any laws. i have not violated any irs rules or regulations, and i have not provided false information on this or any other congressional committee. some people will assume i have done something wrong. i have not. >> congressman troy dowdy made it clear she does not believe her until she subjecteed herself to cros cross-examinationy t committee. here is congressman reasoning. >> mr. cummings said we shouldrun this like a courtroom, i agree she testified, and
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waived her right to privilege, you don't get to tell your side of the story not be subjected cross-examinatio the congressman will be joining us in the latest in obama irs scandal. the entire obama administration at times, seems to be hunk erring downberring down behind a stonewall. it has been now to wall off the irs, frustrating for democrats as well as republican congressme here is democrat steven lynch of massachuse. >>f this committee is prevented by obstruct or refusal to answer, the questions that we need to get to the bottom of this,ou will leave us no alternative but to ask for the appointment of a special prosecutor, there will be hell to pay if that is the route we choose to go down. lou: weekly stanc standard.
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prior to joining the irs, learner of head of the enforcement officer at the federal elect commiion, the christian clition accuses the fec in late '90s of conducting an uncalled for investigation, into issues advocacy, that cost the coalition hundreds of thousands to defend the case was dropped. now w know why president obama has scheduled what his administration is styling as a major national security -- tomorrow, obama administration acknowledging for first time today, that 4 american citizens have been killed in drone strikes since 2009. attorney general eric holder revealed in a letter to congressional leaders only one of those 4, radical cleric, anwar al-awlaki of the targeted
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by u.s., during a 2011 drone strike in yemen, three others killed include a al qaeda prop propagandas. today's revelation comes on eve of a major national security spch by the president at national defse university tomorrow. >> oma administration did not hess dayhesitate to order drone, but it has not been the case with terrorists in libya. new development tonight in hunt for suspects in deadly september 11 attacks on our consulate in benghazi. the fbias bn tracking more than a dozen possible suspects but what they say is poor security within libya has hindered their, federa efforts g them to jusce, james ros rosen with our report.
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>> reporter: these three unidentified only people that fbi has publicly labeled suspects in the benghazi case, military law enforcement officials told fox news they ha been tracking at least 18 can bes, and security continues in benghazi have hammered the activity -- hampered the activity in the city. the white house confirmed that its determine knack as to how any benghazi suspects should be handled. -- our other critical national security o strong reffence to accomplish that through prosecution. either in an article 3 court or reform mildtary commission. >> reporter: john kerry has alluded to obama administration's policies about legal status of terrorism. suspects, as a factor in why so many months have elappedithout progress. >> just as sometimes, takes a while when you operate by high
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standards. >> we have identified people. and they are building a case. you know we're going through the tedis, very difficult process of gaining evidence from the part of the country which is saddangerous. >> reporter: a poll finds 62% of voters believe that president obama vehicle done moreo help americans debesieged in nghazi. >> be benghazi is not about scog political points. >> it certainly is. >> benghazi is a laughable joke. >> with all due respect governor, 4 morning died. >> oh, stop it, the blaming of president for thats a r joke. >> told reporters after a closed-door briefingy cia deputy director that session under scores that no changes were made to now infamous
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benghazi talking point for political reasonss lou: thank you. james rosen, fox news, chief washingt correspondent. the "gang of 8" immigration bill, was ved out of committee last night. when the judiciary committee voted to approve the measure. >> i will -- will pretend to ask for order. lou: chants of yes, we can, breaking out as 3 republicans, sense to ever lindsey graham, and jeff flake and orrin hatch join the democrats, my first guest voted no. joining us senator jeff sessio
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sessions. great to have you with us, you ught a long, hard battle against this legislation. now moves to floor. which -- well where i your opinion it will either succeed or fail, what is it? >> we'll have to depend on the american people to make their voices heard and pay attend00 to th00turn to the fac we need to w this wouldg wellliz over next 10 years 30 million people, about 3 times what we woulding welllize in a decade. will hammer worker americans this is far too many low skill workers that will take jobs and pull down wages of people unemployed and under employed right now, really dangers on it will ad trillions to long-term finaial costs of u.s. treasury, welfare and other benefits, it will not work. two major januarie januaries who
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represt -- mayor unions have told us it will not work, it will make it worse it will weaken our enforcement and threaten the national security. we need to listen to what they are telling us, we believe in immigration, and well believe that that we need to make this legal system of immigration bett, this bill just doe not do it and it can't pass in in form. lou: what d you say tohose people what suggestion there is something darwinian in this, if a country and its people don't have enough energy or care to defend its borders to claim its soverenty, for its citizens that the result is actually, if you will, a fore gone cob colusion, and the defni of the
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nation is in the hands of a new generation. >> we ed to ask questions here along that line, like who is the congress representing? i just saw a report that says, 800 people spent the night for 5 days and nights in queens, waiting for a job. i just saw a report in philadelphiahey expected a thousand people who had a convict on their record to come for jobs, 3,000 showed up. people areooking for work in america. that is who we owe our loyalty too first, we need to help our people get work,k, get off welfare, off food stamp, get out there and be able to help a family and a retire am plan and healthcare, that is not happening we can't absorb this many new workers. we need to have the toll stand up in -- will to stand up and articulate that. lou: it is strange to me that you a i be, we talk many times
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during the course of 2006 and 2007. last effort, mccain-kennedy legislation. that era. here we are, talking 7, 6 years later, and answers stir are not there. we have the heritage report. we have you know, douglas with his vw, and others there say great divide among nservatives, we don't know any more abo who the people who are who are in the country illegally, about their numbers, we're don't know any more about their demography. and by the way, that means that neither side, those who seek toe carefully immigration, is well as those that seek on open the bordrder, amnesty, that neithere
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sought intellec intelctual rigof what is going to happen. we know for a fact half of the people coming across the border are not apprehended. we have, just an extraordinary issue that has per sived without benefit -- perifted without benefit of resrch, and knowledge on the part of the senators who we send to washington to represent us, congressmen and the psident. it is really, remarkable. >> it really is, i asked last week, again yesterday, if sensetor schumer prime pusher of the bill, how my people would be legalized under this bill? he won't say. th will not even say how many people are goinggto are covered by tomorrowow could we pass a measur reform if we don't understand that no study has
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been done on the economics of it just how many workers we really need, truth is civil right commission members say we have a surplus of low skill labor,hat is who we need to be getting into work, off dependency, imagreingith you, this this their is way tooittle thoug into a serious piece of legislation. lou: know you have been focus of numerous attacks, i want to share some language. audience tooknow,ou stood up and presented your view, have u been in opposition to it legislation. you have done so honorably. but washington post attacking you, i have to say, danna mill badge, he begin a being by saying notin george wallace perhaps has an alabamaian taken as passionate a stand for a lost
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cause f the one jeff sessions it taking now. i got a terrible sens sensatione was trying to make a different point in ne that probably is not too flattering to him. he said, sessions, shouted in his trademark twang. the wiry southerner, the pet lent alabaman. doou thinke was trying to make a point of some sort there? >> i do. lou: and size we look at others who attacked you it is sorted and nasty stuff, it i the result of a coordinated attack. against you. the good people of alabama. i am sure apprecie the integrity you have displayed, irrespective of the attacks which by the way turn outo be a badge of honor f you, you lost the battl in committee the fight is beforous the floor. senator, always good to have
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yo >> we'll try to tell the truth about it and american people will convey to their representatives what they think. lou: absolutely. gerri: diswl thank youabsolutel. lou: sensetor jeff sessions. thank you. >> and this was recommendation by the way of president. who asked. senator schumer to -- these lawmaker pushing for legislation, amid revelation that justi department sees phone -- seized phone record from owes vateassociated press,s journalist. newly uncovered court of document shows justice department seized pne records, at white house at state department and the pentagon.
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if i semajr siemangree about it. >> and george ros rosen personal cell phone number and the number of his parents home in new york. what we areitnessing is a assault on the first amendnt of this nation's constitution. by an administration that has gone too far across the line, the judge who handles the rosen le case, today apologized for the year and a half delay in unceiling the duties in this case. prosecutor in the case, big donor to president obama's campaign. is going back to 2003. >> ben bernanke has bee making
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it rain on wall street but investigator do not like the idea of slowing that flood of easy money. george areao with us next. >> irs abused itsublic trust, david bossy, president of citizens anighted talks about clear government overreach. the ocean gets warmer. the peruvian anchovy harvest ffers. it raises e price of fishmeal, cattle feed and beef. bny mellonurns insights like these into powerful investment strategies. for a university e endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world.
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when you say. in essence, what do you mean? >> well, thank you. this is you know such an outrage what is going on in washington. you know american people are rightly upset about it. the president of the united states whoever that is, sets tone for federal government, when u.s. president goes to state of the union, and denounces the united states supreme court. which really was a first amendment case. that ishat it did allowed more people to participate in process, democrats did not like it, they wanted irs, and fec to come down on 50104s, president his attack. really set the stage for it, within weeks, chuck schumer, a list of lef wing senators, sent a letter to irs, demding that the irs do just that.
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really look closely at all of the conservative groups, irs is not out there doing things, that the power that be don't want them to do, that is who the american people have to focus on. not about imcompetence at the irs. lou: interesting the numr of people suddenly said we -- you know democrats in particular, and president's administration are talking about ambiguity of the law. the necessity to deal with the tax code, this is substr classic defense. >> deflect that is what they want to do, let's talk about need to obollish them, and both de have been using them, you know i'm going to use a little
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rahm emanuel, let's not let a crisis go to waste, let's focus on abolishes the irs, and placing i with aair or flat tax, american people will be beter off. i think those 90,000 people could be used on the border. lou: interestingoncept. but, whatever i think we request all agree right now, internal revenue service has to have a very, very strong audit, we have to have if you will one that goes to this leaders of this administration, who ordered what and when. >> you need to have lerner come back immediately, as a former chief investigator of that committee, i held people in contempt. we did it in senate and house, you have to go to full house, get a vot of full house of
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representatives, hold them in contism. contism temp -- contempt of congress. lou: we'll talk about that issue with the man who raised that issue, david bse. great to see you, davidad surgery is back quickly, looking great. delighted. >> than thank you very much. lou: up next, mere mention of a bond buyback slowdown sends investors in a tizzy, and markets into the red. wall street veteran george will join us next to tell us what the thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you' history. instead of looking bind... delta is looking beyond.
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before finishing the session down 80, nazdaq town 40. s&p down 14. and ben bernanke testifying that central banking pullback on asset purchase, that st markets lower sell-off accelerated after minutes from last meeting showing a number of fed officials are opening to taper asset purchases as ear as june. yield on 10 yea 10-ye treasury g today, gold falling. crude oil down 2%. to 94 a barrel. my next guest said traders wer expecting a more dovish statement from fed chairma ining us vice preside of obal futures.
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rbc capital markets george. >> thank you. >> i think the amount of money that flew in and out of the markets was enormous. you budget fact that just in gold we had a 60-dollar range, you opened up. say 1371. up to 1413. win minutes -- yep. >> this market, was performing nicely then, itasn't. what is going on here with the fed? we had dudley come out within the week, say, with a diffent tone than that adopted by fed chairman, make nice on policy, let's stay easy, fed chairman
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hastect of easy money, today he sounded bike the grown -- like the grown up in the room. >> i think this has been going on since october. put it in a different way in october, actually, end of september and october. price of gold was about 1700. e price of gold is a political and economic barometer, since in gold has come off gradually, sometimes more harshly, sometimes less, but open interest say a week ago may 13 was 440,000 contracts, 50,000 came out. and hundred of millions came out of the etf's gradually, went into a stock market that the fed was looking to raise. >> and that is there i some
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room for change there. the dollar still strong, we have a bond market to that today only a reservoir -- >> people have not mentioned that dollar strength comes from two sources, not o could one. interest rates are creeping up because the fed has bn kind of leaking the idea of tapering. and wall street ha has been concerned,o know rates have moved up a little bit. lou: they moved up today, where do we go. >> higher interest rates stronger dollar,. lou: tt used to be the case, it has been -- >> no,. lou: a divergence. >> if you saw the euro it is down. lou: we'reammed, where do you see us going here? >> bac to basics after a while. this will taper off, people will take a second look, and see
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beyond what is happening now. and they will get concerned about other devaluations. and you will see people come back in to gold. lou: all right gold, and rest of the world outside of gold, looks like this will be kind of interesting here for a while. george gero thank you. >> thank you. lou: great authors joining us, over next few days, hampton cook to talk about the amerin phoenix. john quincy adams. another phoen may be in order. we're coming right back. >> obama administration over two weeks, misrepresentations, contradictions, flat out lies, congressman lynn jenkins, tells us whether this white house has any credibility left.
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>> the irs official at center of the scandalakes the fifth. we went out and asked people a mple question: how old is the oldest person you've known? we gave people a sticker d had them show us. we arned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need tonjoy all of these years. ♪ tonjoy all atd,hese years. whatever business you're in, that's the business we're in.
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lou: joining us now, congressman trey gaudi, you heard h view. that lois lerner forfeit the her rights under the fifth amendment when she pleaded her innocence before the committee, that, 000 a subject that chairman darrell issa would be reviewing, gate to have you back. your firm view she forfeited her fifth amendment rights or privilege, when she said d she s innocent, and went through the fact -- the assersions she did not break the law or violate any
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regulations. what do you think outcomeill be here? >> well, if they apply u.s. versus brown the supreme court case on wav waiving your privil, you don't get it both ways. i thi chairman issa is going overall of his legal remedies tonight, once includes. he did not adjourn, he recessed, bring her back
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the other alternative, to question mr. schulman why he didn't serve this criminal investation. lou: well fmer irs commissiony douglas schulman. y he a passing acquaintances with now, your colleague congressman jim jordan said he visited the white house 118 times in 2010, and 2011, that is stunning in and of itself, by itself it means closer, but it is a somewhat closer relationship with the white house that i heard any acting irs or otherwise. >> i think mr. schulman was at the white house more than some of themployees who work at the white house, mr. schulman's
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memoryets very poor on things he doesot want to talk about, it splendid on issues he wants to talk on. but he can't remember the conversations, he did not make a compelling witness in my judgment. lou: the committee with the rest of the house, will focussing, i know there has been attempttation. on part of the administration, and democrat to cflatea number of the issues, tax code isss even the chairman camp of ways and means wanted to talk about reforming the tax code, what the american people need here i a vast set of answers to troubling questions, and an end of the kind of conduct that your committee is examining. ill we see that focus?
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>> gosh, i hope so, onef my colleagues on other side of the aisle, mentioned a special prosecutor, that was a democrat, i saw a level, not of bipartisan, but a level of equal opportunity outrage that does not exist on most issssues, but you heard me ask mr. schulman can you name a single person who made a decision to target conservative groups, we're years after that decision of made, and there are no names, if iere one of your viewers, or you, i would besking every member the congress, where did this start? where did this insidious idea originate? until we can answer that, we have not done our jobss members of congress. lou: i keep asking, my success rate is not much higher than that was the committee to this point. i think congressman trey
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gawdy will change that. >> thank you, lou. >> up next. president obama trying to deflate number of scandals, congresswoman lynn jenkins joining to us tell us what republicans are doinggright in response. with the spark cash card from capital one... boris rns unlimited rewards for his small business. can i get the smith contract, ea? thank you. that's three new paper shredders. [ boris ] put 'em on my ark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle told you i'd get half. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked.
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careful, though -- that kind of power cano to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. lou:our next guest is disturbed watching the array of scandals engulfing the obama administration. she is among those investigating on the ways and means committee, investigating irs scandal, joing us now congresswoman lynn jenkins. let me first ask you, i mean, it looks like lois lerner has
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attention of house oversight committee. where do we go from here? >> we have more qstions now than ever before. very few answers. it wasn't particularly help helpful fo miss lerner on invoke the fifth, it raised a number of questions and concerns about transparency with the irs, and this big government. we'll continue forward with an investigation, and additional oversight, it is our responsibility. lou: we have watched the number of individuals testify before your committee aways and means and house oversight. this is now the are some 7 committe investigating benghazi, the irs -- the obama irs scandal, justice department. these scandals look as though
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they share something very much in common, that is a indifference to the, if you will power of congress to check in anyway the executive, do you think i am wrong on that? >> no this is what happens when government gets too big, it has run amuck it is out of control, there seems to be no oveight within the obama administration on all of these fronts it has been difficult for the legislate irbranch to have any effectn oversight when we have been stonewalled for example this irs investigation, we've been at this for over 2 years, asking the questions. and we have been lied to. misled. and we still don't know who was responsible. and no o ha been held accountable. lou: it is who gave the order, the simplest of questions, it
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has become, it seems, the question that well a lot of people don't want to answer. are you confident you will get to these answers ? i we think we have. to the american people i think have hired up ts oversight job, we have a role to play in policy making and oversight. and this is where we need to step up and do your job. and get to the bottom of this. you kno just ironic, i am a cpa by profession, worked in tax accounting firms forever and represents clients before the irs, none of my clients were allowed to get away with i don't know, or i made a mista or i'm sorry. especially the guy at the top, if you showed up at an audit. and you didn't know what was going on, your indivual return was not just getting audited your corporate return was getting audited, next 4 years were getting audited.
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yet this is the kind of hip tracy thattic -- rip creas hypot exists in our government today. lou: thank you very mh congresswoman lynn jenkins, tomorrow, former speaker of the hoe dennis hastert. up next, new book, american phoenix, mission to russia changing this nation's destiny, author jane hpton cook is next. it's as simple as this. at bny mello our business is investments. managing them, moving them, makingng them work. we oversee0% of the world'sfin. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon.
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relevant to today's global dynamics, joini us now, president at historian, american phoenix. jane hamilton cook. let me ask you. what brought your focus to this mission, and war of 1812, i have to be honest, i love the stories of 1812, andrew jackson, and the battle of new orleans. what brought you to it? >> well i was really fascinated about the story of louisa adams, she was a strong woman during the jane austin era. then i became intrigued with john quincy adams, he was down his luck, he lost the job of his dreams then goes russia, and he used that opportunity, makes most of it and it really resurrects his political service career. and it puts him on track to be present, i was drawn to their
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stories. lou: as a presidential histary his -- hisseserhistorian, one of the gt presidents, a pivotal moment in american history, you look at what is happening in washington dc right now this president congress and senate. give us your thoughts, comparison and emotions on the contrast? >> what strikes me about today, how heavy laden the bureaucracy is. everyone is hiding behind their person above them or below them. there is a bureaucracy, that when john quincy adams was a diplomat to russia he communicates directly on the president of united states through letter, and secretary of state through letter, we lost a lot of, that communication was slow it would take weeks, but it instance today, yet bureaucracy weighs down. and you know just cover all of
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what we're seeing now, that is what they are trying to do breakthrough that bureaucratic strong hold. lou: a strong hold, also a strong hold if you will efforts renow. -- fortress now. it is encired with a stonewall whethe it be the obama irs scandal or the justice department, "fast and furious" scandal, associated press, and jas rosen fox news scandal or benghazi, i mean the list goes on a on, i is all coming back to one man. the predent of the united states. he will be judged by the character that is revealed in his response to thesecandals this crisis for him, don't you think? >> yes he is. and there is a moment during the war of 1812 where james madison was under scrutiny for an appointment he made, his treasury secretary an ambassador
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as well, you can't do that? theyalked about it, the didn't fully work it out ubut they communicated. members of congress and president madison, it is a hugely differentall game, but character does matter, no matter the generation, it mattered highly on john quincy adams and today. lou: that mission to russia, determinant in large measure of the success of a young republic. >> that is right. that is right. we needed russia to p pressure on england to leave us alone once and for all that is what happened. lou: we rommend the book to you, it is on-line at bookstores now, about to loudobbs.com if you want for links to the book. >> thank yo thank you very much. >> that is it for us, tomorrow night, forr speaker of the house of representatives, dennis
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neil: all right, i just down a pint. welcome, everybody. i am neil cavuto. i knew this irs scandal was not about to quit because when they weren't so much on to say a word to those investigating guys over the notion of this scandal being short and sweet, that can be done because it doesn't apar to be happening. my advice,o he may want to:a special prosecutor. a ect i raised with marco rubio seconds ago. neil: do we need a special prosecut
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