tv Cavuto FOX Business June 9, 2013 6:00pm-7:01pm EDT
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they have been focusing on something annoying and meddlesome. the latest news today reports the obama administration is indeed allowing the government to mind nine americantech giants like google and facebk that have more user data. only a day after we discovered discovered that millons f phone records from horizon customers. it was appalling, but it did nt t so much of a dent in august. but romney knows why. first, in this friday exclusive with fox, a former repupublican presidential candidate with the likes of chris christie. >> it reads like the ballroom ene at star wars. how did yoget them all at one pace and templates at one time.
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>> i wanted to bring tother people from both sides of the aisle. so we can hear from them and as a group we can listen to them and say what are the highest priorities and ask oursees, are we actually addressing the highest priorities or not. the answer turned out to be not a surprise. the priorities are republica are concerneabout, the democrats, they're not being addressed. instead, washington is being pulled in a lot of different directions and not doing what has to be done soon how did you get david axelrod to appear? >> the mayor of los angeles, the democrat asked them to come. they were gracious and willing to come.
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they were warmly received ev though we disagreed the seemingly on policy. the funny thing is that we are all americans. we don't care about the country. we get along on a personal basis. we are looking for common ground and common vision for the future. >>ebate ov. neil: todavid axelrod mentions percolating scandals? it appears outof control. >> there are some that are disconcertin the irs and was certainly one of -hose. there otr issues are other issusues that have been broughto the force of the nsa monitoring. the various ta exhanging exchange. being also raise questions and are not necessarily wrongdoing. we have to separate those and look into them. clrly the president's ability to manage the government of the
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united states and the trust that americans have for t government has been averted by the kinds of revelations that have come forward about the irs. >> these privacy trade-offs are relatively modest were his words. this is not bigther. what you think of that? >> well, congress will take a look. the president saying that no one is reading e-mails or listening in on phone lls. if that is the cas, then it will pretty much be attacked. people will say, that a violation of principles and we don't know exactly where that is. everything that is going on in washington, he has a responsibility to care for the safety and security of this cotry and our people.
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the practice of gathering information, looking for trends, finding thingshat might suggest someone is going to attack this country is an important part of his presidential role. at the same time, he has the responsibility to abide by thehe constitutton. and i hope he has been doing that. this is an area that will be looked into likemany others. areas that we do know that there have been major problems and b decisions being made. of course to ben bradlee, and i think frankly that subpoenaf reporter records and phone calls is deserving of real conce. >> a lot of these are having data from a lot of iternet coopanies like google and facebook and apple. asng horizon to hand over the phone records. it actually came after april 16. that was soon after the boston terror attacks.
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would you have advocated trying to get your hands on this type of information? >> well, i really can't respond to that. not without having all the information about what precisely and how it could be used. also with the constitutional requirements. but in a modern age where people are planning attacks, using the communications vehicles that we have, iincluding the internet. to look for counication that suggests attacks or taking credit for things that happened in the past. that certainly is a responsibility which the president and the governmnt has to assume. you know, i am n going to just attack the president on tis. and a lot of peole are going to be unhappy that i'm not willing to attack him on this. but i'm going to say for the safety of this country, it comes
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first. thconstitution has to be followed. i don't know that it was ot followedn this case. before i did into the power of this, i want to lea more about how it was done a how it was used. >> dianne feinstein says it doesn't really bother her one bit. harry reid ntcomdown when the media was jumping about whether this was overreached. do you thin that their reonse is justified that wasn't a big deal? >> wel ihink personal communations are being watched by goverent and is concerning. particularly when they come on@ the heels of the revelations of the irs. some of theprivate informatio that is used for political puoses. there is a loss of trust in our government. there has been a breach of significant magnitude and people have a rht to be very concerned. i don't think you can dismiss
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this. at the same time, you don't aim that there has been a breach of principles until you e what has been done. that is something that investigation will occur. if you will, let's not forget the prosecution ahead of the facts. let's get to the facts and see if there haseen some kind of inappropriate gathering of information. >> i mentioned hry reid at a time when he stepped on t floor of the senate to say that heas very well aware it dd raise the possibility that your tax return iormation or a part of it was leaked to him. what you think about? >> well, he obviously got this return and he actually laid out also what i paid in taxes over a
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decade. i'd have paid millions and millions of dollars in taxes. there was never a year where i didn't p a lot of money in taxes. i n't know where the source of data wise. neil: we talked about this, a majodonor to your campaign. no fewer than three fewer audits. he lives on each and he had to pay $85,0. >> the idea of an agency that has our most personal informion they have used that information to pursue a polical agenda. that should e a very frightening thing to people on
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both sides of the aisle. i know that it is. it is a negligent management that has allowed that to occur and it may be worse than negligence. we do not know who know knew abou it and who directed it. but it is a violation of the american people will not soon forget. it has to end. in my viewhave to put into place a special prosecutor to understand who knew what nd how that infmationas used. we also need to put in place a structure which says that in the futu, these audits and these inquiries by the irs and other agencies carry out various kindd of audits. ese things have to be vewed as a nonpartisan and nonpolitical basis and ensure that these institutions are not pursuing a personal agenda of one kind or another. neil: using this goes beyond? they were involved in targeting thesconservative groups and
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individuals. you think it ibigger than that? >> well, if you don't have any process in place tht is overseeinghat agents are doin you arepening the door for people to misuse dta for their own personal and political vendettas or for other vendettas. this is what people across this country are afraid of. big government becoming so large d so intrusive that noone could stop it from interfering in our lives and punishing people without being required to go into the public and demand that information on a legal basis. how many people knew about this and how far up e ladder goes? we don't know. that is why we have to have a special prosecutor appoied to look at is to find out just who knew. >> we do know now that it was conservative efforts and those
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>> many. >>ut after hurricane sandy. i know that that is your view. >> i can't seak for the members of myamily. i have 21 grand kids. neil: the one i was talking about maybe your wfe. >> well, i take responsibility for myself. i know what happens when there has been a natural disaster. you look for help from the federagovernment. you want other agencies to step in and provide help and ggvernor christie did what he thought was best for the peoe of this state. i don't blame them for that at all. he was helpf to me in my campaign in every way possible. i consider him a good friend.
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he has a great ture. he has been a triptych governor. he's doing a great job in new jersey. neil: so you don't agree that he got a little bit too chummy with barack obama. >> well, i can tell ouhat the hurricane didn't come n the right time. that is not because of cis christie. that is because one of the advantages of ncumbency is because en there is an event like that, you get to see the president in a fatherly role in showing his sympathy for people who were harmed to have been victims of a storm and obviousl it gives little boosto the president effort and that includes how the system works in the nature of politics. i am not going to go back and try to revisit battered by the right thing for me to do is to look forward and say how can t things i care about whih helps put people back work, getting america on track.
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improving our health care system and getting the cost down. how can i do those things from wheri sit today. neil: do you think that hurricane sandy, ford whaever severity -- included the presidents slide in the polls. looking at your first post debate perrmance, they felt that your campaign sort of sat on that. what do you think? >> well, we went after that rst debate as hot and heavy as we could and kept promoting that as well as we thought we could. i'm sure people come up with ideas of things we might have done differently and that is ways the nature of monday
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morning quarterbacking. when you were in the middle of the game fighting hard yard by yard, you are doing your very best. i believe at my team was a superb team. i spoke with a leading democrat. i won't mentiohis name. this was a close race. the unemployment rate dropped below 8% for the first time. just weeks before the election. the media celebrated that. that made a diference. you are not going to spend your@ time saying what kinds of events could haae happened differently. the presidnt made mistakes in his campaign. no o runs a perfect campaign. the net relt is that he won, i lost. you get over that, you learn from the expience. you move on.
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neil: nevertheless, with all of the scandals between benhazi and the justice department and the irs d the large number of groups in all of this occurring as the health services departnt heads up and ushes for health care, if this would've come up last fall, different result? >> you know, there is no way that i can mak that calculation. but i can tell you what made a difference. and that is, aga, one of the advantages of the incumbents. but for me, a lot of people are really focused on these scandals, and they are. this irs thing is troubling. the big issue on benghazi is why was there not a rescue mission. and you might say that we ve succeeded. these are real issues and not
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e same time, one of my biggest concerns is wh ithe president's agena area. neil: mitt romney has some very serious concerns about what is going on with hina. why he says we need to stop letting china were all over it before it is too late. >> this is the time for real backbone on the part of our nation to come up against china and say that y have to play by the rules. the rules. and [ male announcer ] this is thege of knowing what you're made of.
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neil: the dow jones industrial today. the federal reserve encouraged toeep doing its thing, which is why mitt romney said that he is not too impressed with this whole rally. governor, what do you think of the market's reaion and ben bernanke providing all of the fuel for this. what you think? >> wel theres no question. one of the reasons that people are putting money into the stock market as ey see that the federal reserve continues to have a monetary poliy. money printing. quantitative easing. money is pouring into the stock market. this will not end well.
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u cannot keep on, if you will, pouring more and more money as a nation and not hang to pay the piper at some point. bonds are going to continue to be key. prices will go up. you kw, it's kind of disconcerting when you see the people who have stopped making a lot of money, even though you have lots of people, 7.5% of people that are unemployed. when you consider the other people who have dropped out of the work force. the stimulus and the monetary policy these are tough times. neil: so when you sayhat this wi not eell.
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what do you mean? >> well, you cannot keep on borrowing more than you taken forever. you cannot keep on printing money and keeping interest rat near zero for ever. at some point that as to revers the people that were loaning us the money say that i am a little concerned about the risk and they want higher interest rates. ashey start oing up will mean that they will see a lot of money going to pay people around the world. ght now we have spent about $250 billion a year on interest. as iterest rates return to a normal level, that number will to $750 billion a year. that is more than we have spent on defense. a lot of that will be going to places like china. we will be paying for their schools and research. they will be investing in their future as we are paying off the sins of the past. this is not the management than anyone in their home would pursue.
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instead, you try to live thin your means andnvest in the future but you do not file and print money. neil: you mentioned the chinese were they recklessly and repeatedly without abandon have included everything to defense contractors. how would you and how do you think that this presint should respond to . >> you know, i think that we have a mindset the very poor countrs try to get on its feet. but the reality is there has t
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be consequences. neil:with the idea, what you think of that? >> there has to be consequence. clearly trade is one of the aces whe you have consequence. you cannot allow people to continue to abuse yourself without following international norms and lot without there being cosequence. >> donald trump said and pardon my french, overnor, screw them if they are going to, you know, treat us like this.
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buin a decade or two, will so the only time we have for leverage to make sure that the practices tat it exists between two nations that have interest, we want to see free trade and the rule of law. we have a lot i common in terms of interest and they are taking advantage of uright now. if we do not st those rules and make sure we are abiding by them, we are never going to do it a decade so from now when th don't need us like they did today. this is the backbone and a part of our nation to come up against china if thedidn't have to play by the rules. you cannot hack into our computers or there will be consequence. the kinds of trade relations and other relations that you have.
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neil: would you ever run for president again? >> now. i ok my chance. i took my message to the american people and i was not successful. it is time for someone else to take their message to the people. >> well, i think what hh was saying is -- a i have said that all this all along, i didn't want to become president for all of the benefits of the office and the thrills of being president. i looked at it as an opportunity to erve.
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i wanted the job because i wanted thelp the people of amica make sure that they and the next generations live in a country that ifree and prosperous. neil: would you ever want to be a treasury secretary in a future republican adminisation? >> i'm going back to the same point. i think that people who want a job with government get their priorities wrong. i don't think that the people -- if they feel that they can make a contribution, they sometimes have to say yes to something th they want tdo is. neilil: your son isn't ruling ot a political future for himself.
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>> have terrific sons and daughters in law. the politics in the future. it is a tough road. we are going to have a tough road with the media. ifou're not willing to deal with that, don't et into the race. you know that, i understood it, i don't have hard feelings. i think it is harder on my sons and daughter in law and my wife to watch their dad than it is for me. i watch my dad and,you know, it was harder on mehan it was on him when i watched him in his campaign. that is dissuades going to be.
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neil: governor, it is a pleasure. thank you very much, sir. >> thank you, it is good to be with you today. neil: all right, would have, should have, could have. with all of these scandals, nothing is getting done. and that will be harmful f this count whether republican or demoat [ male announcer ] ah... retirement. sit back, relax, pull out the paper and what? another article that says investors could lose tensf thousands of dollars in hidden fees on their 401(k)s?! seriously? serious. "401(k) hidden fees." then go e-trade and roll over your oldld 401(s to a new e-trade retirement account. we have evertype of retir. none of them charge annual fees and all of them offer low cost investments. why? because we're not yoypical walstreet firm that's why. so you keemore of your money. e-trade. less for us. more for you. spending the day with my niece. i don't use super poligrip for hold
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or may become pregnant. tell your doctor about other medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unuslly tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these cod be signs of rare buterious side effects. is your cholesterol at goal? ask your doctor about crestor. [ female announc ] if you can't affo your medition, astrazeneca may be able to help. neil: mitt romney to me that the president promised that unemployment will go down. it is not going down. we have a ormer united states senator joining us now. andy, you were with the he had an eclectic idea. d they come to this conclusion that this was distracting?
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>> it was really more about policy and politics. >> what happened? >> i got up on the stage and interviewed at john hickenlooper who is the governor of colorado and the two of us got along great. they talked about accountability, merit pay, tenure. things that you would not have thought about a republican speaking. we did address issues. but i think we have made some progress. neil: you and i have chatted about this before. one of the things i always admired about your career is how
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you did try to finda middle ground. we have always said that one side can't get all he or she nts. but that is the mood right now. senator with tse scandals developing, the enormous distractions, it is not as if washgton can go ahead and multitask here. all scandal, all problems, nothing is going to get done >> it does worry me. we have a system that is dysfunctional with very little ggtting dne. there's only so much attention to go around. they run the risk of scking all the oxygen out of the room and further our chance to addrress the thin that mitt romney talk about and that is how do wecreate this.
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>> it does concern me that this would distract further from focusing on the business at hand neil: harry reid said that we are making a big deal out of nothing. >> okay, with no one is reading your e-mails, no one is listening to your phone calls unless they get a judicial rder a sometime. what they are doing is keeping a record of all of that. so let's see say that clark also meone and we are able to follow follow-up to try to identify the entire network.
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so then we have to have that data so we can follow-up with them. but no one is listening in or following the-mail of the ordinary americans. >> why did you have so many phone calls to dunkin' donuts, but that was another thing. asking you something that te governor tked about. withougetting into who is to blame for this various scandal and invasions. i am paraphrasing here it gets so big that this kind of stuff again, i am simplifying here, it is inevitable. you agree that? >> i agree that 100%. like when you run a company. core beliefs as the ceo trickle-down through the system. we have a government that is so big that you cannot run it directly.
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the government should be good. president obama gave a speech at ohio state and penn state. right before all these scanda. it is that idea that government is good and big and big government is good in a kind of trickles down and empowers people in the bureaucracy to do things they really shouldn't be doing. i think the irs scandal, in my opion, is the worst of all of them and that really epitomizes what happens when the government is out of control. >> i wonder whether that will be the scandal with the issue that resonates. so many people see this thing growing as an intrusion and coming to light almost every other day. at do you think? >> i think it is the bgest issue. mitt romney was right to identify this as welll. because everyone has toeal with the irs. they are getting out of the way in doing things they shouldn't be doing, what else are they
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doing? the role that they will be playing in health health care law, that has to be concerning. so this is the biggest of all of the different scandals. one other thing, if the mitt romney who appeared on your station had been the mitt romney running for president, i thought he was incredibly gracious and he was very good. i thought he did rall well. >> you gave him every chance he one you know, i gave him every opportunity to give him the petty small person that i am, and he didn't take the bait. you gentlemen, you are an example of is environment which means you will never have a future in washington. [applae] the magdalen, thank you very much. >> thank you, neil. it is good to see you, senator. >> so how is it possie that
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neil: apparently even pottery company saidhat they really didn't know that they were getting spied on. the national securi county officials under clinton and george w. bush. lee is 20 now. that is what worries me the most. if marzuckerberg is posting that he was naware of this and it was happening, then shouldn't that be concerning? >> it is complex n. i have no problem with the u.s. government analyzing e-mails and protocol, telephone calls between people in yemen and afghanisn. i'm actually supportive of that. what is a bit unusual is the extent to which the tech companies in the united states knew about this government activity. neil: ifhey didn't know that, if they are clueless, the
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government seems to have gotten far more than these guys were aware of. >> there is an issue with. >> in other words there is technical information about w they collcted this. >> internet is like a highway system and there is a possibility that the government was watching what was happening on the highway. if the government was watching what was happening, that possibly there was a tech company that would not have known about that. neil: would say ttat unbeknownst to them at some point the government went ahead and gt the information th wanted and came back and asked for it. if that were the case. >> is happening outside the united stateand directing citizens, i don't think that any non-us nationals have any expectations. >> these are the vehicles in the
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united states for which it was done. >> we don't know enough to say that. >> but if it were? >> there is an issue about the government accessing the propty and the servers of u. technology companies in the united states. i personally like to know more about that. but this is a perfect understanding. >> that is going on abrod and theovernment is doing that but they are sll doing it in this way and the entities don't know anything about it, they have gone ahead and just raided the house. it depends on how this is being done.
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>> i'm happy they are helping out. >> when they are happy about it, they take an inch in the mile at the same time. >> you know, we all have to be talking about privacy and protecting our national security. >> that is the iention of ese -security. >> that is the intention f these programs aret that is true. when we come bac, is part of it is just a response to the government. we will have tt coming
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il: this may be nothing more an the government getting out of control and a few bad eggs would he think of that, let's? >> she touched on the central sphere. the irs people who worked nder reagan. many will say thaa this isn't a problem. watch out what they are doing it to you. because that is so with easy. we are in a whole new world and th is s what i hink struck a
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chord. neil: in case of this, you are a well-known and resected liberal >> maybe there is something to it. it is too big for even you. >> no doub we would have had we have those results with president obaa. >> aren't you going to want to do this a well to track this down? >> absolutely he would. >> i ust find it jane marks -- and i do think liberals were
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>> here it is, mr. axelrod. obama said the same thing. the government is too big. that is the same complaints that the a party has been making. >> when seethe dismissal this, i have to say wait a second, when you talk to ople who ran the irs and they say watch out if you are not on the same team, they have seen it happ, it is so still busy to run a big government andeel powerful at that. >> i was just going to say the people rning the irs, per se. it is quality people. government is going to continue to grow. the economy grows, the population grows.
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>> and is one of the things that i have. if we know part of is growing problem is the birt then uldn't you think twice about signingthis to the irs when it comes to health car? >> potentially. >> you know, i think that people are bleeding their fear into their fear of government spying from the corporate spying. >> exactly. for me, personally, i am more concerned with consumer privacy with the iris. >> google, gmail, you do a search on any medical disease. when you apply for health insurance than they assume that
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you have this with a prr-existing condition. >> the company can't find you for this. they can't basically, yukow, some people after you who are giving you a hard time. i hear what you are saying. neil: should the government be worried about liz macdonald? 's. [laughter] we have already seen cases where the ir takes over health care. >> i am not afraid. i wanttyou to know that i do think that there are quality people.
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>> the irs doesn'tant to be a we wentut and asked people a simple question: how d 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 tng. 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 to enjoy a of these years. ♪ [ lighter flicking ] [ male announcer ] you've reached the age where giving up isn't who you are. ♪ this is the age of knowing how to makehings happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra.
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>>. >> tom: we have a lot to cover on this show. obamacare is going toost a lot morehan thought but i want to start with the enomy. are cities and counties recovering financily are the promises they made going to raise your taxes? i'm going to ask a woman that called the wall street meltdown meredith whitney right here and right now. >> tom: thanks for joining us. here at the top of the stack. in october of 2007 meredith whitney was if the tiors point out the big banks were in trouble. she wasight.
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