tv The Willis Report FOX Business October 13, 2013 10:00pm-11:01pm EDT
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that is o show. see you next time. ♪ >> hello, everyone. i'm denn kneale than for gerri willis. what does it cos when you criticize president obama and his economic policy? the answermay be over $20 million. that is wh someone is payin we will explain. and facebook ceo demanding more privacy not for you, but for himsf. you in the meaime are about to lose more privacy on facebook. also tonight monica de part two, sexual harassment in the workplace is legal, but a judge rules it is okay in some cases involving ierns. our legal team will tkle that issue. "the willis report" starts right nnw. ♪
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we found out today what can happen wen you are a top nuncio who openly bashes the obama administration. it will cost a company. the legal costs i defending itself in a slew of federal investigations will totalt least an astishing $23 billion could go eve higher. this for a bank that our govement thought necessary to raise billions of taxpayer dollars to bailout. the bank's chairman and ceo jamie dimon has been one of the few bold enough to criticize the white house economic policy which has made him a target of sorts. with me now, former goldman vice-president who is n a scholar and a liral thk tank . and neil weinberg, editor-in-chief of american banker. to start this off of what you to look at something. we want toake a chart ohe dierent agencies investigati
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jpmorgan. there are so many we could not fit them all on the same screen. and look at this next scree five more. te agencies. that does not even mention the fha or the many state investigations. now the "wall street journal" editorial page, washington is leading j.p. morgan a may yet stirringp jamie dimon as a lesson in what will happen to any banker who dares t disagree withis washington bosses. his storytelling needs conflict. vestar with conflict. what do you think ofhat point of view, the ia that this is really at some point a witch hunt. >> thank you for hing me on. actually, i have the complete opposite view, as you might have guessed going into this. i thk that the criticismnd the fact that jamie dimon has been so out front in the resistance to the form of wall street's has really caused him to create a whole sense of defiance against regulators
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which is really what has happened. if you look at the reports that were done on the london whale case, is clear that he has cread a corporate culture where regulations are not to be followed by the letter and the spirit of the law, but to be avoided. i think that is really what has gone on and whthey have gotten -- dennis: by the way, did not see the chart exactly, but there are several other countries. i don't think he -- dennis: and yet, you know, jpmorgan takes its own money and loses $6 billion which is a pretty good lesson about risk. yet the government comes in on top of that advise them almost a billiodollars more. why fine a bank for losing its own money? what is that? >> obviously it should not be legal you should n be fined for losing money or taking risks >> in this case with the government is saying is that jamie dimon or his bank was not
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being honest with the government. i can tell you, you asked if this is a witch hunt. i think it is half a witch hunt. clearly there are some peop who don't like the fact that jamie dimon has bee speaking of, but we have also -- an american banker, some of the things that the government is going after. we were there in some cases first and i think that there is some fire or the smoke is coming from. example, there were trying to collect from people were delinquent on credit cards. they did not have the records to go after these people. it was extremely dubious behavior to ither sell this to collection agencs or he their entire infstructure of lawyers around t country suing people when they did not have the goods. they have since shut that down and there in trouble. that is y the investigatn going on with the occ. dennis: in the entire meltdown jpmorgan was one of the good gu they did not trade in synthetic ceos. a real and t government says were you pleased by a bear stearns in washington mutual
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the. 70 percent of the offenses, all the companies, we bought them because you asked us to. we're picking on them. >> go back and listen to what was said by the management at the time he was acquired. they were giddy about the transaction. they brought to bear stearns for roughly th vue of the property on park avenue. dennis: my point that these were guys w did something right. we areingling them out a are about to destroy them. >> trading up. they actually are profitable, more protablehan wall street expected, but for the legal costs. they're in no danger of going down. my point here is that they actually benefited hugely from the bailout. all of these other banks.
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not that the should -- they shou n be punished for thin that went wrong. the part of the witch hunt is what you're saying because he s a hero during the financial crisis, came and. that was good. now he is getting slapped for during that. also bank of america bought countrywide which was voluntary. they paid about50illion to sele problems. you cannot say. dennis: when a bank in the wor melt down since the great depression is up losing more ney not in a meltdown but in the aftermath because of the federal investiggtion and penalties, isn't there something wrong with our system? >> the could be something wng with the system or jpmorgan. >> you have to also take into consideration, jpmorgan was bailout. nnis: they paid back every penny plus interest. >> the besy to think of it is that the whe system, whether it was money mket
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funds or currency swaps, th whole system was about to melt down. so even though kaytoo did not miss- jpmorgan did not necessarily needed an infusion, they benefited from the system. >> by that logic we get bailed out to. dennis: we have seen meltdowns in the late 80's and in 2000. and in 2008. every timehe government has to find a few culprits to make in the poster child and to kind of at up on them that we all get our moral lesson. what about wall street amnesty? what aut a treat and reconciliation commission let's stop all this because i feel like were bleing the ry banks that we had to bailout to save the stem. >> the bigger problem is the way we are leading the banks. there is validity to some ofhe government investigations. not all, some. i also think that the regulation is going to strangles. >> the regation is going to shrink kaytoo and some of --
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jpmorgan and some of the other banks by forcingectus business out of the banks. that is true. as a very good thing. i think that the fact of the matter is we have have -- w don't need a treat reconciliationommittee. no one more than fabulous vampire them a fabulous that has @%er been really prosecuted. the fact of the matter is. dennis: there was not true criminal activity going on. >> are the government has said the situation was so bad and tenuous. >> one other thing that is going on here. you have regulators, the office of the control, the currency, fcc, played as fools during the financial crisis, did not see anything going on. dennis: now they can be the ones in the system that no matter. what i worry abouts thawhat we are really doing here is the will ossificion of the american banking system we are making so that they are too afraid toake risk, nothat
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they will lose money, but it will p even more in fines. i am taking the last wo on that. thank you for being with us. appreciated. now weant to know what you guyshink. here is our qstion. is the government ought to destroy? log on to a gerriwillis.com and vote. we will share the results of the d ofonight show. and it seems washington d.c. is set to destroy itself. on day 11 of the government set down president obama and house speaker talking on the phone. both sides say that while there is no deal the chat was constructive. rich eds is at the capitol with the latest. >> well, talking in right now republicans in the house are waiting for a counter offer from the white house. republicans last evening in late night notiations presented the white house with an offer. raise the debt ceiling, reopen the parts of the government that are closed and included spending cuts and mandatory health care ts as well.
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house republicans say they're waiting for a sponse from the white house on all of this. right now you have this sense in shington where their rhetoric has been gile down. folks in theouse are letting th negotiators for congressional leaders andhe3 white house talk this one out. there's a separate track going on in the scent. a number of republicans floating their own plans looking for democrats to sign on board which would closor open the governme for another year or fund the government for another year, raise t debeiling for short-termn the medical device tax and health care law. the number of proposals floating around that these white hse house republican negotiations are really the primary track right here. waiting to see. i have to tell you, democrats and republicans have been stuck on issues of taxes, revenues, government spending for years now. there are some certain things that they ccn do within that where they sort of agree and will be willing to go. long-term debt deal right now over the next few days is certainly not going to happen.
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>> som of the changes the republicans actually want to make our important strabismus. this to a 3 percent tax on medical equipmentakers is on th revenue folks areot on the prits that are left over. that is the revenue. i talked to the ceo of aedical equipment company as it sically they will le, entire profit growth, now, this started out as a fight about obamacare. it feels like it is not about obamacare anymore. what you think? >> it depends upon who you ask because tre still are all obamacare components the republicans are pushing for. republicans stillant or are floating according to one congressman a 1-year delay in the individual mandate that makes or requires almost evyone t have health insurance next year. when you look at the senate proposal, we just discussed that there is that element of medical device tax which is something in a budget vote that does not really have the force of law. as an estate in a vote. it did not become law, but it did send a signal that 79 or 80g
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that tax. that should be an easy way that can be easily thrown on to this. dennis: the democratic controlled senate. refusing to negotiate or make any changes at all, yet the decratic controlled senate previously said it was left that equipment tax. these guys will fight over anything, even when they agree. >> and that is the thing and so you have the white house message on this which has been you raise the debt ceiling. you find the government. and then we will negotie. right now the white houses giving a little bit. when you have something like this this state of massachusetts , lot of medical device companies. senator is looking out for their home state interest, though they may be democrats, they don't want to see the tax. you have thatnd some other northeastern states with the same type of thinking. you wrap all of these issues and might get to something. that is where everything is sort of moving all over the place
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right now. it is tough to tell whawill be included. we look to that because it has been so popular in the sate. denniss one last fearless prediction. will there be accord by sunday? >> no. dennis: nicely done. okay. a lot more still to come, including ways to make your work experience a little better. and next if you're on facebook they will find you whether you like and not. why advertirs anderct strangers or worse an ex lov may soon be able tt search you out. ♪ it's a growing trend in business:
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this is unexpected. what's in your wallet? this is unexpected. [ mthat if you wear a partial, you're almost twe as likely to lose your supporting teeth? try poligrip for partials. poligr helps minimize stress which may damagesupporh by stabilizing your partial. care for your partial. help protect your natural teeth.
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to find you a great deal, even if it's not with us. [ ding ] oh, that's helpful! well, our company does that, too. actually, we invented that. it's like a sauna in here. helping you save, even if it's not with us -- now, thas progressive! call or click today. no mas pantalones! dennis: add real-estate mogul ted the resonate far mark zucker byrd, paying $30 million to buy four houses rrounding his own in palo out so, california. if you want to d a flyover. fuelling his shopping spree is a lust for privacy after diovering the developer wants to buy one of those songs and flip it by using the facebook
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billionaire as the hook, he made the move buying the homesy leasing them back to their forerunners. wh it comes to your privacy, he takes facebook in the posite direction, getting rid of a privacy feature that ls users limit whoan find them on the site. here to weigh and, adam levine, the chairman of identity test 911. thank you for being with us. first, tell us why. >> they are arguing that since there are some money back doors wheee people can find you anyway , they can go facebook dot com / dennis kneale and get to you. so therefore having this sort of omnibus feature about using search engines to get your timeline, you know, within facebook, it did not mean anything. dennis: a projection that was not doing much anyway.
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>> creating false sense of curity. dennis: previously and was able to stop some crazy ex-girlfriend search, bunow cannot. >> except for the facthat it is such a small percentage of people anyway. with facebook, a small percentage could still be millions of people. listen, we are facing a constant the erosion of privacy. there is no question. facebook has been leading th charge. he himself said that, you know, there has been a paradigm shift in the concept of privacy. at this point theresn't any. playing so much information out there. dennis: is a ridiculous of us in the privacy prut'sven make an issue of it given that have much privacy anyone should expect when they go on and say come here is the college, my religion, what i think. is it a misnome should we never have expected any privacy? >> peopleave a certain concept of what they want to see in %-other people and being able to limit those people.
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facebook argues that depending upon the items and where they e th you can limit to friends, friends of friends, quaintances, the solar system, youw, whenever you want to do in terms of how public and expose you wish to be, but i think th in this -- first of all, we're living in a world now where i think we have generation i, generation invincible. people think they can say anything, do anything, and they're bulletproof. and they are not. there are too many people what your information. dennis: if it is not careful it will b on the wrong side of this trade. think about this. the american people are getting increangly ccerned about just how much about them is available. california state legislature passing any laws aimed at kids still have the right for the state forces website stick give ki a chae to take down comments. i was e-mailing the ceo of an outfit. they have temporary phone numbers or you can sign up and get rid of it in a day. in fact we have a segment coming
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of later tonight michele. a bunch o new apps. thii type of blitz disappeared. those. so isn't facebook kind of on the wrong side? shouldn't they make it far better to let me know my privacy? i have no idea how to do my ttings and feel like the company is making it difficult. >> they claim ey want to make it to the pointhere you can decide when you do something to you want to see it. it changes. every day is a new adventure. and that is a great concern. they are ultimately going t end up on the wrong side. >> ,ut the ns service that is more exclusiv and more ruling out and as a lot more blockk and obstacles to others being able to come in and see everything. should they take this joback and tu it into a profit center? >> absolutely. a great article. the main announcement.
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a new program. $20 a picture you cou make the informatn disappeared. >> i think that is a great business plan. the old days the white pages in the form but, you were listed unless you pay the pne company extra to be enlisted. maybe that model. thank you for being with us. and facebook is by far the world's largest social media site with nearly a billion visitorsvery month. issues of privacy are certain to beco a reality for the other side's out there. the most popular social media sites besides facebook make up to arrest of five. number fiie, ggle plus, a fast-growing network that numbeseems to be going on the up as opposed semaphore, the late my space, this 10-year-old network has been one of the first to launch the social media crazed but is mostly a music sharing site. interest, the photos sharing site that's more than 85 million monthly user's been up items
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that they like. number t, linkedin, 102 million monthly users. the number one most popur soci site is twitter. abou a quarter of a million monthly user's, a quarter of a miion has to be wrong. must be a quarter of a billion. let's hope it is better than the facebook ipo. we left out tumbler which hasas hundreds of millions. is to grant. you get the point. later in the show, our legal panel debates whether unpaid interns are protect under the law when it comes to sexl harassmement. next, we answer the question how do you do that? we will tell you t best ways to get along with church at work. even if you guys seem to have nothing in common. ♪ ññññññ?z?z?çowówóv7
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♪ dennis: class in with your co-workers. we he all had to go through it. working with jerks that can turn your job into a personal hl. and always easy to deal with census can be quite an uncomfortable situation. here it with experts dece on how to handle it, and our best communicatns expert. thank you for being with us. comi communication errors that lead to jerky confrontation. lack of specificity in what you say, lk of respect for rebuttals, lack of focus undesirable behaviors and lack
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of immediacy. aseco chart, a lot of what happens is is better communication is needed. >> a lot of misunderstandings, misperceptions. the first o at the top is lack of specificity. and theasiest way to describe this is the phrase as soon as ssible. what does that mean? dennis: almost nothing. >> it is one of the most common phrases and work places today. you say that to me and i think you mean, you know, next tuesday on my schedule. but you wanted by 7:00 tonight. dennis: something about posture. and this is your translation for some people are just a jerk. lack of appropriate tonend body language. sarcasm, raisingour voice is sobody when you're upset. dennis: can't get justhe being in panic.
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dennis: are we being a little precious few back the fact is people going to let fact -- /. >> poor custoer service. a final like you as a co-worker in neeyou to get something for one of my customers and he will back, that iacts customer rvice. if i have a good attitude and i am in a better work environment is causes turnover. and going to turn over and get of there. dennis: trust. >> tsts the foundation of everything. - final trustee of my best interests at heart are you will followhrough on last year due, no a contest to do anything. dennis: how important is the art of apology in dealing wit co-workers? >> it is huge, with the apology has to be sincere and we have to believe in it. if we don't address taiwan believe the ology rather. dennis: the solutions to this co-worker conflict.
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>> we have to teach people how to communicate to influence in a posive way. how to confront issues directly, probably, but also respectfully. dennis: just be not so much of a a reading to a point society because i work with younger co-workers. this will do with an all. suddenly they are so does respected feeling like, oh, my gosh. i'm just trying to get the best work. are people too sensitive >> yes. there is balanced. there is pendulum that we have to walk. absolutely, people can be sensitive. ellis self-esteem and our society which is an epidemic. and so -- dennis: close of this team? was a it is the opposite. a bunch of peopl who are way too arrogant to he never received anything. >> that is all interrelated. @%u're absolutely right. dennis: that is amassed they put on. >> just like bullying. bullying is -- dennis: based on insecurity.
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aubrey this is driven by insecurity. i fear failure and work a lot harder. >> and that is where the balances. some of us put it tard good use and bowser behavior. others use negative ways to get it. dennis: overall apologies are important. nicer, watch your town, once the body language. >> and be more specific and as for what you want. ddnnis: i like this idea. that was my new year's resolution. i will start asking more people for wh i want. so far they keep saying no. thank you for being with us tonight. coming up, and mourning for all of you bond investors. andn unpaid intern sues the company that she volunteered for claiming sexual harassment, but is it legal? our panel of experts wil
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you? the controversial ruling made by a federal judge in new york last week is spaaking some outraged. judge ruled that unpaid interns and a protected. the human rights law. they cannot sue there employers again sexually aroused. should an unpaid intern is protected. joining us with our legal panel, an employment lawyer. and a fox news legal analyst. younow, any time weome up with an intern and harass and sexy wind up tnking about all bunch of things in recent american history. ere do you guys fall on this? >> legally as reprehensibles mrs., horrible case where a woman was groped and promised a job and after she disappeared in the gnd hotel sheost the job so it was horrible. legally the judge got a right because she is not an employee. that can be changed to bar right no employees are not protected like that.
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>> i think the judge got it wrong. under ge and hour laws, there have been cases of interns you were providing a benefit to the employer and therefore should b paid. >> but was not being paid. >> but they were able to ultimately be paid because there were benefiting the employee. she was not going out and is making coffee and cocktails. she was doing real work. dennis: you would have gone about it in a different way and saying she is a defect to hourly employee. >> that is correct. however, if you just want to have a law that says straigh up in turn should be paid thais a great idea. dennis: you will have a lot because a lot of people won't hire them. that is the beauty ofnpaid interns. you bring them in ando not pay them. dennis: they don't havto worry about the same litigatio possibilities the budget with full-time employees. >> that is exactly what the court is saying. i think that is wrong from a
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moral standpoint. from a legal standpoint aware that the law is nowthat is correct. >> first of all, she is still have an assault and battery civil suit. under criminal charges agast keing wrote. second of all, the employer, says he is high on the totem pole could turn the employee with his actions and be involved in negligence supervision cases. [inaudible conversations] >> my point was that if you are gh enough in the pecking order your actions could bind the employer. >> told the employeriable. >> yes. right. and intertingly enough tissue or an employee and this happened a work the employer could have a defense ich ishat it should be dealt with by workers' compensation. she is not an emmloyee she could have a case like that. >> so she might be better off.
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>> and emplo you. >> that's right. >> a worker that comes in every day. they don't count as an employee. >> the most famous and turn. and there were unpaid. only the unpaid interns were er she was the one that brought the pizza immolated night. >> that is all other story. as i said before, if you are doing coffee, bringing me coffee , helling babysit for the boss daughter, that is not a benefit to the employer. dennis: a quick footnote question. this year and woman, a 42 or 23, she did go to the boss is the tower room. if this were a full-time employee of the company payroll, sexual harassment case, would it be a mitigating factor that she had wilngly got to?
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>> you cannot blame. would be wrong. >> she was afraid that if she did not go. >> it came down to quitrouo. yocome to the tell, dohat i wanted to do the family get this job. she said no. does not her fault. >> soon after she did not get thjob? >> exactly right. she sued after she d not get the job. she was promised a job and did not get it. dennis: if she had done the job she ght not haveued. >> if she got the job surely would not have sued because you'd be hap she had the j. dennis: of five suing for asman and got the job doesn'that mean if i want to take the job must not think the harassment is that bad? >> you can look at it that way. that part of the case, she was not hired because she complained about it. >> theoint is if he had taken
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the job she would not be suing harassment. >> you can still sue your employer. happens every day of t week. someone is there, and happy, denied a promotion, denied a good position and soup. >> it would not have happened if she got the job. dennis: there is something -- i know. we are just going to leave it right there. thank you for beingith us. a wonderful job matching the dress to the eyes. professional consulting. >> my time. >> all right. thanks a lot. when we come back a look at how you can pose some the online and haveappeared. and with big-name companies dropping in treasury, is this a sign of where the bond market is headed? will we looking out for you and your gerwillis.com next. ♪ so i can reach ally bank 24/7, but there are no branches? 24/7
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i'm sorry, i'm just really reluctanto try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. yo money needs an ally.
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♪ dennis: this function is alive and well in washington d.c. tonight. you edhat. no one has come up wiih the deal to reopen the federal government , hammer out a sensible spending plan are deal with the debt. the only thing they seem to agree on is to keep on talking. meanwhile the rest of us in the whole economy waseld hostage by the situation. when will all of thi come and have an impact on your money? president and founder of into a portfolio strateeies and autr of the buck he correct forecast the real estate collapse in 2006. how does it >> your living in the twilight @%ne. if they doot raise the debt ceiling in washington d.c. and we have a balance was a minute
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however, if we raise the debt ceiling in extending credit card limit that is the correct thing to do and fiscally irresponsible. i have no ea what is going on. dennis: what is the right apprch? split that theyefore us. >> the right approach is to keep the amount of the dicit growth under the increase in nominal gd. we will somehow someday be able to bailut the debt. dennis: rewind that. the way to do it is? >> if that perceage issgrowing andess quick rate than the increase in nominal gdp, that
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debt as a percentage of gdp would be falling. the best thing we can possibly the ggest t already have 17 trillion in debt and consistently pass the entitlement t program. now we have a premium support for 20 millionndividuals who cannot afford health insurance. i wonder where the money will come for these people. over two and half trillion. when we gng tooplacate our creditors and let them know that the united tates government will never defaults. e only way that we caa do that is to bring down our deficits.
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i cut the deficit in halfince i took office. >> the deficit in 2007 was under and 60 billion. because itent to one-half trillion. at a single year. >> i am not blang the obama. dennis: i am. >> i am blang w-2. obamare into a recession and depression. it is not alwa fall. you cannot sit there and say happy days are here again. look at us. we are fiscal conservatives. the deficit is $750 billio dennis: we are happy about it. >> a un have toorry about anything. the deficit is up tremendously from mary was. dennis: did not read a rent headline coming 8% of government spending is automatic pilot.
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we l people being categorized as unabomber's. we have to doomething about entitlement programs. we don't need to add to entitlement programs. we need to fix the ones you already have. you need to spend less i'm social secity, but now we're supposedo believe that this gridlock in d.c. is going to lead to a grand bargain. am i suppod to believe the democrats e going to dismantle social security in all of the retirement program? , supposed to believe they will embrace on mass use tax increases on wealthy? it is not going to happen. the best thing is a small deal
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with it willav face. they reduce the tax. weannot go home and celebrate the fact that we are careening toward insolvenc. denn: until the next crisis. we hav torap. just checkin when you said that the tea party is america's answer our home. you we not being sarcastic or ironic. yomean that. >> i love the tea party. as i've country's best hope. >> they want to balance the budget, strengthen the currency. now you are treated, these people i know, like i said. dennis: they have been characterized as such almost by our own president.
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onlast note, one reason that we have not yet had a crisis, every year we have been paying about $360 million in interest costs. basically identical to what it was ten years ago when theebt was malt to the far smaller. thank you. we have to go. thankou. appreciate your time. >> thank you. dennis: that was a lot of time. you got plenty. >> let's g another segme. denn: take care. still to come, we will look into the newest trend in sial media. the tempura web, when information disappears after only secds. [ woman ] you have the audacity to believe your financial advisor should focus on your long-term goals, not their shorterm agenda. [ male announc ] join the nearly 7 million investors who think like you do. face time and think time make a difference.
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at edward jones, it's how we make sense of investing. the recent increase in cafeteria prices is not cool. wh you vote for flo, we'll have discounts. ice-cream discounts. multi-cookie discounts. pizza loyalty discounts! [ kids chanting "flo!" ] i also have some great ideas on car insurance. [ silence ] finding you discounts since backn the day. call or click today. i ke her. dennis: coming up in a sociaial media is here to stay, but do media is here to stay, but do ur messages have to
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♪ dennis: on the internet the rule of thumb is at nothing ever disappears. but new applications are trying to do just that marries the messages, photos and secon, and a hot trend in social media. with more on this, a principal in u.s advisory innovation leader with the w.c. price waterhouse coopers. maybe that is what they are funding as. thank you for joining us toght. a nice new aircraf. usually when i see this guy he is absent minded professor it needs a haircut. explain this, the tempol web. >> the idea that people d't always want everything out there for the rest of their lives.
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when t internet for started out the deal was everyone to have everything woull be added tother. after that happened people started to rlize there were some things they wou likto take off. on the dimension of privacy about time the control which is where we are startinto see it happen. dennis: was run through a f exples. you ve a sho. snap chat lets you send photos with aatch. >> absolutely. founding with the idea that you could take a picture of video and senend it to a friend and again last anywhere from one to ten seconds and it is gone. not about being upon the web for ever, but vwed by an individual and then not there anymore. dennis: this msage will self-destruct. >> exactly. the thing ishat a lot of people say that this generation does not care about privacy. they do. they're dimension of privacy is different. they want to get temporary in the w world which he goes
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privacy control because privacy. dennis interting. e problem, let's see sign up for a pho number that you use for a day, an hour, we, and then you burn eight and eliminated. this guy was saying to me that basically one thing ishat people want to have authentic of veace's with each other, free expression the second thing he says is that the more mobile we get, the more advertising marketers come after you and try to gets to you the molly actually seek proteion in inflation away from it. >> i could not agree more. you jeopardy for people to be able to control the environment. you think about what will get measured and managed. you take a look isssomething like the self driving car. an unbelievable amount of informational,hether it's coming from the bill will orality or tes. we willee more and more measurement. i totally agree. his product is a very interesting product. let's say you happen to have an advertisement out there, a date
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site. the idea of being able to control andhat it be temporary. that is the new privacy. >> anonyty. the weekend to you. >> good o talk to you. dennis: short and sweet but intelligence. that guy is quite brilliant. we will be right back with the answer to our question of the day. is the government ought to stroj.p. it's a growing trend in business: do more with less with less energy. is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, anthey'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.
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report" have agreat weekend. we will see later. ♪ plosive new evidence of political corruption in the obama administration. the internal revenue serce and obama white house have exchanged confidential irs taxpayer information. the president nominates fed vice chair janet yellen to succeed ben bernanke has the the second most powerful person in washington. i'm lou dobbs. good evening, everybody, you're lead story
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