Skip to main content

tv   Cavuto  FOX Business  June 5, 2013 11:00pm-12:01am EDT

11:00 pm
what if i told you what it has to do with more or less being kicked off? we have lost our faith in government. now, the last guy that we thought would have arbat might be leaving us in the lurch the era of liking the government , but the latest wall street journal poll has me wondering. and the president to congress, most folks seem to be having enough of this growing in to show anger. including the media, which takes a beating in the survey as well. clearly this is a caveat and the
11:01 pm
irs is targeting innocent people. this is about basic servi, my friends. what you say, say what you do. and then there is the military. although down from prior highs, people respect soldiers more than politicians because soldiers look out for us. there is no nuance there. you would think that all in washington would get a clue there. before you trust the government to have more control of our daily lives, before you were more of our green into green technology, you better wake up and start going down. because this is not about getting to work.
11:02 pm
americans have now come to the conclusion that unless you do, you are at best a figment of work. steve moore has said that they have e broken their words and or bank as well. steve, if you think about it, that is the essence of this problem. government has gotten so big and so cool clueless and inept. >> by the way, as you said, it is not just the government. it is big labor. >> yes, it is. >> it is not youupersonally. here's the point that i would make about these negative reactions government right now. i have been in this business a long time. about 25 or 30 years. when i have noticed is that the public approval ratings from government in washington is inversely related to how big it is. so anytime you see a big bulge in government spending, like we have seen in the last or four
11:03 pm
years. it is not uncommon for people to become disillusioned with the promise of big government and those posed to fall drastically. that is a fact that we are doing here. we'll trying to do too much and people don't see it working. therefore it is falling down. >> at first it was a little sad for me to think about my fellow americans to think so pessimistically about our system of government. i think it is the best that mankind has ever come up with. i think some people are responding to the survey questionnaire not in the constitutional design. there are regulations every year telling us how much so we can@ eat enough to, well eyeballs to buy, that creates a lot of pessimism among the people. neil: is adjust he size of government? or is it just to clear
11:04 pm
calamities that ve been treated by this? >> is both the size and the scope of what government does. a lot of people would like government to be more effective. it is also the corruption which extends to both political parties. today congress has 6% approval. you have a political class made up of democrats and republicans who play their game. both of whom 80% of the american people believe come along with the unions and big corporations and banks and others. thoswere rigging the system for themselves to the detriment of the country. wouldn't you have three corners of the american people who consistently believed that when i asked whether the government operates with the consent of the american people,hree quarters say no, that is what i keep saying it's a prerevolutionary moment.
11:05 pm
neil: i'm looking at the selloff today, ste. i wanted to tell you that one of the reasons for it as we look at this, and what is going on, was this fear that i'm among the goodews that we have got is going to take the punch bowl away. that is weirin a sense. because theast bastion of trust that wehave, whether you agree or disagree with what the fed has been doing, trying to forcibly keep interest rates low, he ishe only one getting things done. if he pulls away, then we have no one.
11:06 pm
>> that is ben bernanke. we have so much we have put so much trust in the sky. we have put the entire economy on his shoulders. you're right, every time he sneezes, people say, oh, my gosh, the economy is going to crash. i rema somewt bullish about this economy. if you like over the last two years so the direction at least government in washington is coming down from an all-time high. neil: you think it is? earlier we talked about her history with big government. that ithe beginning we seem to like what it can promise for it then we see what it delivers and we almost recoil at it. >> when we look at the distrust and pessimism, it is something to blame it on the recent
11:07 pm
scandals. the irs, doj, ben gaudi or if read the t trend has been down r about 40 years. people have lost my faith in governnt. >> we elected a guy who promised more and said he would deliver more that. >> he said the question isn't if the government is too big or too small, but whether it works. pretending to be a post-partisan kind of guy. but the era of big government is never over. it will always be a struggle. he says reedom isalways one generation away from extinction. we are going to have this fight forever. >> i'm wondering if this has to do with the perception of government and the good it can do. >> you know, the fact is the public is so far ahead.
11:08 pm
it shows the public knowledge of benghazi, the irs, and the abuse of the first amendment. we have made some very important points that this poll shows. but this is a four-year decline after watergate. 55% of people have more confidence inn our system of government. that number is severely down in this poll. it is almost single digits. this government -- is because they are not being challenged. when i hear steve and ben bernanke and you, he is right, his analogy right. he has bee pumping up the market to protect the banks and to protect wall street money. neil: no doubt about that. but all i am saying is that that is the last quest for hope.
11:09 pm
>> i dn't think either of us are arguing that point. we are saying that we take him away from the last government i stand in for whatever selfish reason. >> i don't know if. neil: i am a lover, not hater. >> i know that. i am just a realist. neil: you worked with jimmy carter. how doou think you're a realist. aughter] welcome lets jus say that you never want to be late getting back to the irs. fines and penalties and habits. anyway, is the hour is late and a few? no fines or penalties or death threats. no way. they promoted the administrative talking points. but susan rice just got
11:10 pm
it's a brand new start. with centurylink visionary cloud infrastructure, and custom communications solutions, with your business is more cloud reliable, secure, and agile. i did?
11:11 pm
when visa gnature asked everybody what upgraded experiences really mattered... you sgested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa signature. your idea of what a card should be.
11:12 pm
i'm sorry, i won't be able to answer that particularly two i don't know, it would've been either. >> i don't know the details of your constituents. >> i don't remember the date. >> i don't know how significant is. >> actlly, i do not know that. >> i do not recall that. i do not recall. >> i certainly don't remember ever hearing about it before. >> i don't know whether we have the time or not two irs short on answers d now they are coming up short on info. demanding documents to settle these details once and for all. good luck. the irs missing the deadline. only now coughing up with the panel is requesting. is it the fact that so many
11:13 pm
democrats are getting take out. >> how can they not at this point? there is a long list of ings, about 40 are questions that they want to know the answers to. it basically related back to how did this come about. who ordered it if they knew who that person was. and how did it all come about. they wanted to get an assessment of how prevalent the problem is. so far they haven't gotten any information back. i talked to the panel yesterday. the democrats were not hpy. they said this is important information. it is a relevant request and they have not answered yet. was supposed to be turned in by the end of may. it is due now and have nothing
11:14 pm
remap okay, where's this going? obviously i find it odd that the irs is using privacy laws to show them from this information. so many of these groups are now indidual donors. obviously, this is to be heading towards a legal crisis. >> if they don't turn over the information now, there could be a great period thing who is the new acting irs commissioner. he has won over th republicans with his first appearance this week. he extended the olive branch. so it is music to tir ears. he also promised to find out old accountable the people responsible for the tageting. so it sounds to me like they are willing to wait a little bit longer and see if the new commissioner is willing to turn over this information. kind of on this rolling basis.
11:15 pm
because of the anger, thehave art he earned this from the members of congress. neil: it would seem to me that you have at least 80 agents involved inthe andwhat was supposed to be a couple of agents out of the cincinnati area. you have this going for the conservave groups to individual donors. i don'tnow whether a few loose cannons can be firing to shop there.
11:16 pm
>> i think that this is going to be things coming into place, connecting the dots, and there will be some really big dots bear to look at. neil: how big do you think it is? i don't want to corner you, but how do you think it is? >> i know the irs commissioner was visiting the white house more than 150 times. including personal vits with the president. it does raise the question, did this ever. there are people who said that it's really hard to believe that this didot come up at lea in passing. given the fact that the president and others talk about tea party groups it does kind of
11:17 pm
raise the question over whether they push these groups. just a question of whether you will find the tangible evidence of that. >> we shall see. thank you, so much. do you ever wonder how mitt romney would have handled a mess like this? a mess that he was warned about? you could find out friday night on this shell mitt romney is here and nowhere else. and a big powwow is being held with some of the most powerful players, including chris christie.
11:18 pm
11:19 pm
11:20 pm
11:21 pm
>> susan rice st found out that the third time can behe time because our former embattled u.n. rapped his getting a promotion. she has been bumped up to national security adviser. stick a finger in there already irritated eye. we have rick ungar with us. what do you say? >> i think it is a full fledged slap in the face. i mean, why would you be rewarding bad behavior? unless she was, you know, rewarded for covering up benghazi and she took the head. neil: she took the head, but that doesn't mean
11:22 pm
she got the job for that. >> but she lied. >> we don't know that. >> i don't like darrell issa. neil: will we don't like you for saying that. >> i have a problem with your statement. you are presuming that the republicans are upset about the. and everything you need to know, you can see on twitter today. where mccain and others all gave their perfunctory points of view. >> they know that everyone in the obama or bad, she is the most inclined towards intervention with him than anybody in the entire place. neil: i'm glad you confirmed
11:23 pm
that. >> well, you know, look. elections have consequences. but i think it is more than that. it is about responsibility. nobody in this white house ever seems to be responsible. now they are offering that susan rice probably had incorrect talking points. but the buck stops at the top. someone in this administration needs to be held accuntable. neil: i look at the administration and say whether she lied or not, she was a source of a great deal of angst in the washington community. >> i am just saying, do you want to stir the pot again enact you that was exactly what was going on. >> despite all the scandals, the government has to operate.
11:24 pm
neil: trust me,. >> you would be much better. neil: diplomatic and cordial and so forh. >> we have all of these problems. why would you want to keep stirring this up >> it doesn't make any sense. neil: here is my theory, i tnk the administration is trying to tell republican that if you mess with me, i will throw this right back at you. i'm not going to let you get anything done.
11:25 pm
>> of that was true, i think they would've gone full speed ahead with the nomination of secretary of state. >> by e way, the sectary of state, she has to be confirmed. neil: that is what we are talking about. this was all cooked up a long time ago. i predicted this as well. >> i think we all knew what was coming. >> she is most qualified. neil: more anger, more stress, more stndofishness, nothing is getting done. i think that that is part of what is roiling these markets and what is going to continue raising doubts about this summer. a summer where there are a lot
11:26 pm
of hearings and a lot of government institutions are just scandalous. >> i think you're right. i think you're absolutely right. >> what about the republican agenda? >> you just described the republican agenda. >> the president is lik you know what, i'm going to do whatever i want. it's like, sorry about your luck, but too bad. i president and you are not. neil: what you think of that? >> we need to get to the bottom of this. if he wants to bury at a second term, he can. >> thank you. so you think the president can resurrect this disastrous second term so far? them and i think six months from now we are going to be talking
11:27 pm
about differences. i know you would like to have this. neil: i'm able to talk about different things. >> darrell issa won't be going on sunday morning tv shows. >> i hope that darrell issa investigates you. >> nothing i would enjoy more. >> you know, he will have gone off the deep end. neil: you know,'m going to start tweeting about you right now. >> you can talk about this very quickly. i have two words you can talk about. about. meanwhile, forget
11:28 pm
at od, whatever business you're in, that's the business we're in. with premium service like one of the e best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned 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 ling 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. ♪
11:29 pm
a friend under water is something completely different. i met a turtle friend today. avo:whatever you're looking for, expedia has more ways to help you find yours.
11:30 pm
neil: a court ruling that could cost mightily. u.s. international trade commission effectively banning older apple devices from being shipped here.
11:31 pm
now with the galaxy s-4. is the government meddling in patmore is? >> conmer prices have been raised up. >> that is why the lawyers are fighting with each other. >> welcome the problem is you have so muchintellectual
11:32 pm
property out there that it's very hard for any company, particularly small ones to know who owns what. before these products are built. the end result is a great a lot of fear to innovate. but if you try to go off in another direction, you may step on someone else's toes. without a lot pattens, we have a ton of pattens tha would just tear you apart. so right now the whole system is kind of a mess. >> apple is an example of one program. maybe hundreds of them. neil: are you advocating -- that the answer is to go slow? to let these companies do what they want to do with the understanding that they probably are not doing something legal in a. >> in most places, in this particular instanc this all
11:33 pm
started back when apple was there. and no one could imitate them. >> that's right. it is the nature of the engagement. we are talking about personal litigations other expenses. neil: i don't know what bothers me more. companies that hire loads of lawyers to protect their patents are what they say is truth or the cost i have to pay as a result. >> for me it is the cost they pay as a result. i think it is time for us reform
11:34 pm
the patent system. neil: when kodak had that instant print camera, it was a great camera. i remember buying it. but i loved it. anddthen kodak had to take it off the market. i think that was the gist of t. a great tehnology in instant photography was lost. i'm wondering if we shoot the wrong messenger here. if we stifle technological growth and innovation. the map the way it has been working recently. we have these comnies that have bought up large amounts of patents for pennies on the dollar. basically using these weapons to destroy money, making moneoff their own iventions. it went sideways really badly. it needs to be fixed. >> well, we shall see. robert, it is always a pleasure. >> thank you. >> did you har about how ikea
11:35 pm
sold those meatballs? a swedish meatballs served up at ikea stores? they had more horsemen pepper? apparently it is true. alec, for this mission i pgraded yourmart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. , what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? [ whirring ] [ dog barks ] i want to treat mo dogs. ♪
11:36 pm
our business needs more cases. [ male announcer ] where do you want to take your business? i need help selng art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ some brokerage firms are. but way too many aren't. why? because selling their funds mas them more money.
11:37 pm
which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds, and not one ofhem has our name on it. e-trade. less for us. more for you. the fund's prospectus contains its investment objectives, risks, charges, expenses, and other important formation and should be read and considered carefully before investing. for a current prospectus, visit etrade.com/mutualfunds. ne: are right, they are not saying that there was meatballs. but for the ikea founder, that is it. maybe he just got tired of all the horse -- whever. but they are changing a little bit about this. would you still go to ikea?
11:38 pm
would you still buy from them? >> some of that was from a one-time gain. but the unemployment rate in europe, they have done fantastically. the meatball thing -- i don't know. what is so bad about horsemeat? i would rather spent on the horse from ikea then glue factory. >> we should stress that that is just a small part of this environment and what happens. why the serve this is beyond me. but whatever they want to do. now, what happens when a 40 see this company going? >> let's not forget that the foundeis about 87 years old. but they think that he could be
11:39 pm
95 years old. >> he is the founder. neil: microsoft 8.1. that is what company icalling its new operating system. remember that they took this off the pc or the laptop.
11:40 pm
which was just insane. >> you know, all of these creatures of habit. >> the bigger issue is -- >> yes, i do, i'm a lover not a hater. >> the new chip, you would've thought this new chip. because now you get about 30% better battery life. >> okay. neil: all right, well, the bottom line is is microsoft in trouble? >> no, they are not in trouble.
11:41 pm
they were going to put their intentions back into the market, they have been losing pretty you know, no one is excited about it. >> the new version hasn't been out until later this year. neil: when you go to ika stores, meanwhile, the online auction retailer wants to steal more business by monitoring unching virtualstories. >> this might work in new york
11:42 pm
where people are walking around. but it will not work in denver were omaha or nebraska. there are lot places where this isn't going to work. i think it will be cool for a while. >> he has lived a long ti and he knows horsemeat. >> he certainly has. with the shirt on or jacket on, in your case eating horse meat. you know, it is not downside marketing gimmick. >> maybe i just thin a product and it will appear. how about that for the future
11:43 pm
enact i don't know. this is just another billboard thing. neil: and you both very much. in the meantime, online, in love, long time. love, long time. those who meet on the the most free research reports, customizle charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions serious investors are choosing fidelity. now get 200 free trades when you open an account. i work for 47 different compans. well, technically i work for one. that company, the united states postal service®
11:44 pm
works for thousands of home bunesses. because at usps.com® yocan pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
11:45 pm
11:46 pm
>> i do not understand, chris, your blind date should be here. >> that special someone you have been searching for is out there stay online. the people who meet online mor
11:47 pm
people are likely to be happy and have longer lasting marriageas well. a relationship expert says love has come of age. what do you make of this? >> actually the truth is there are about 54 million single americans right now, warty million whom have tried online dating. s, very small percentage of those people actually end up in a long-term marriage. so i do not know what statistics that you have heard those are mine. neil: really, you know, what i would ask aout your expertise, ralph, i don't find these reliable. but marianne come iguess what they are saying is that those who do hook up via online dating
11:48 pm
sites or what have ou -- that they tend to stay together longer or are happier longer. we think of this? >> here's what i think. i think that casting a wider net is a great idea. especially in today's age. we are in the technology age. everyone is doing it. t the problem is that what people are doing when they are online is looking at chemistry, books, all of those kinds of things that you really can't build a long-term relatiship on -- neil: so you sift through the nonsense, if these people are telling the truth with each other and just saying, you know, these are the movies that i like comedies, these are the books i like,whatever, that you are doing prescreening and finding someone who you'remore likely to stay with what to once you do hook up. is tt right? >> well, that would be ideal if that was true. but the numbers would show. the divorce rate is increasing,
11:49 pm
less people are getting married. atistically we are not seeing it. neil: but the figure still sticks, whether online, half of marriages end in divorceenact. >> that is right. neil: and it is always the woman's fault, right? >> no, dan, you have some others to six -- i don't have the statistics. the bottom line is the thing that is the common denominator in allf relationships, whether you meet someone online or not it you. whether or not you fid more people today, the long-term quality the relationship is ally a matter of have i done work on myself, do i know why i'm, do i know what i want, reading a list in five minutes through somebody is dumb ideally, that would be great, but it really just doesn't turn out that way. neil: you are a relationship
11:50 pm
expert. flip the handle on this. when you talk with a couple that does exceed and either married or have a happy life together or both, wh is that it keeps them together what has been defined? >> three things. respect, trust, and knowing who you are so you can be a witness to someone else. i know that sounds cliché. know who you are. it is not a cliché. if you don't have those three ingrednts, typically what you are going to do statistically, you are going to re-create your family dynamics and that is what we do when we are unconscious. you're going to find somebody like your parents, or whatever you think love looks like. you're going to be a magnet for that. albeit ideally we go to relationships and we supposedly
11:51 pm
learned lessons, but if you are not paying attention -- if we are not being conscious of what we are doing, we are so going to have the same story. that sally looks just like jane and they sure seem the same. it's like we end up in that same phenomenon. neil: it is really bad when they start looking like their pets, you must know that. [laughter] >> i hate when tt ppens to be one okay, all of these dating sites, this is very insightful to us. okay, here's something that might trigger cupid's arrow. i have a feeling that he wouldn't be aiming for the hog. more like congresses [bleep] it would still have something to do with out-of-control spending and with out-of-control spending and waste in you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instd of "strength training with patrick willis."
11:52 pm
come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa signature. your idea of what a card should be. visa signature. at od, whatever businessou're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. your chance to risand shine. with centurylink as your trusted technology partner, you cado just that. with our visionary cloud infrastructure,
11:53 pm
global broadband network and custom communications solutions, your business is more reliable - secure - agile. and wi responsive, dedicated support, we help you shine everday of the week. you will lose 3 sets of keys 4 cell phones 7 soc and 6 weeks of sleep but one thing you don't want to lose is y more teeth. if you wear a partial, you are almost twice as likely to lose your supporti teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural teeth.
11:54 pm
neil: washington has lost control over all spending. a house ersight committee pointing out a cycle of whistle spinning. what do you think? >> is that what you mean? that you like m? [laughter] >> i think it is a scandal and we have some choice. neil: i don't find it accidental that this growing survey of cynicism of and then also meant as all othis extra wasteful spending and government.
11:55 pm
the people are not spending money like they would on their own. >> they arble stewar. they want to spend all this money before the end of the fiscal year. that is why you have these conferences at th 3000-dollar hotel rooms. we neeto have a government that is smaller, smarter, more effective to spend xpayer dollars wily. >> we will never get their. >> well, i would really loe to see this, but the more that i see this, the more connection i see as a scandal. >> you know, the government still has to operate.
11:56 pm
>> i am just saying, can you be surprised that americans have a more jaded view of government in light of scandals were spending us into oblivion? >> when was the last time that americans do not have a jaded point of view of government? >> survey shows not at this level. >> we have lots of scandals. everything is bad. no one trusts obama. >> he thinks that six months and
11:57 pm
a week in between that other stuff. business back to usual, all about that. but i do think that at the very let, it is slowing these initiatives down. it is slowing the health care lockdown. at the very least we are going to see the wheels of huge government grinding. >> i agree. i think tha there will be a lot more agreed to. >> i don't think he agrees, i think he is one. >> we have a dfa conferences, now we have the irs conferences. you know, the economy is still struggling. the average american is just outraged at this kind of spending. there has to be more oversight on ongress. neil: does it come up as the top five issue? >> the andal, that is why. >> there are three scandals to deal with. that is no good. the economy is very important.
11:58 pm
as hard as people want to make this scandal. >> if you are not playing politics, i mean, those are big scandals. >> after this, i mean, what started out to be involving just a few institutions, and now involves a lot of conservative groups nw.
11:59 pm
the justice department would start of a few reporters extend way beyond that. i mean, come on. >> you woke up this morning. you need to realize that your day wasn't sufficient when you woke up this day a year ago. >> i mean, i have the government breathing do my back. mau is the government breathing down your back. >> i don't want to share what is going on. neil: doou think that these scdals they'll do something seous? >> well, i think it does. no one is accountable. thanks for joining us.ingers.
12:00 am
melissa: i melissa francis and here's what's "money" tonight. the government wants 2.7 million chrysler vehicles off the road. as if an accident could make them burst into flames but chrysler says no. it won't recall them. is it asking for a financial train wreck? plus, how do you become the most popular airline in america? do exactly the opposite ofof your competition. allegiant air's ceo tells us exclusively how they're conquering the friendly skies. who made money today? the mysterious winnerf last month's $590 million powerball jackpot, the biggest ever, and they finally came forward. stay tuned to find out who cashed in. even when they say it's not,

71 Views

info Stream Only

Uploaded by TV Archive on