tv Cavuto FOX Business October 19, 2013 3:00am-4:01am EDT
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wallet as their bottom line. i hope you will join us monday at 6:00 p.m. that is it for tonight on "the willis report." thank you for joining us. we will see you here mon charles: soon after the government open back up the democrats are speaking up slapping down the obamacare rollout. >> the system, the national plan for something that has to be. >> the people who are responsible for making it work art work fixing the problems that need to be fixed. >> overwhelmed by the traffic. >> not happy with it and have insisted that everybody work 24 / seven to fix the problems that exist. >> have some answers soon and that the answers would be, okay,
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we found the glitch. >> there are problems, and we need to get them fixed. ♪ charles: welcome, everyone. kneele will be back on monday. you know, that sounds a lot different than what the president was saying. launched a when he urged people, just be patient. >> like every new law, every new product rollout, there will be glitches in the sign up process along the way that we will fix. consider that just a couple of weeks ago apple rollout a new mobile operating system, and within days they found a glitch. charles: never taking responsibility for problems and mistakes. former ceo of verizon wireless. i have to tell you, that is the thing that strikes me. i have never heard a medical power from these guys, just one. everybody makes mistakes. >> great to be with you.
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this is an administration that over the course of the last five years has never taken accountability for any single issue. you know, it does not surprise me. what surprises me is that they cannot find some way or another to place blame on the bush administration for the rollout of this health care system. charles: no wonder for the first three or four years when the expert to expiration date on the blame bush thing. now that i hear in articulating for everyone in the administration and the entire party, this debacle has ruined the economy.
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charles: i think in almost in the world, the business world, the sports world, you could not be cut to the team that fumble this much and still have the job. but here is the thing. they get away with it. >> well, they do. but if you think about this in particular and the costs to the american taxpayer of implementing obamacare and this rollout, this is crazy. this is over three times with the planned cost was. i mean, how do the do this and get away with it? i have no idea. the american public should be focused like a laser beam on this issue. charles: we have covered this all week long hell, perhaps, the gop might have just shot themselves in the foot because this certainly should have been on the front page of every newspaper you cannot yet on.
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this is an unmitigated disaster. >> for sure, but this, i think, a little bit from my background, i will tell you that this will last a long time. there is no quick fix to this issue. and i think -- charles: what about the idea, three years. it was passed. the supreme court green lighted 600 million. what about the idea that, i guess, fixing it will take a long time, but it should have been ready to go or at least almost ready to go from day never won. >> someone in the government was responsible for identifying the specifications that were required for this system. the contractors -- by the way, the contractors would get the complete blame on this unfortunately. i can see it coming. the specification for the system had to be dead wrong. you cannot be this far off from what your goals are in implementing a system. this is hard to do. and it is what happens when you
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put bureaucrats, government bureaucrats in charge of something that takes a bit of real intelligence and overall out that should have been smoothed. charles: before i let you go of one to segue back to the economy . obviously you have a big role in horizon, on the board of several companies. how are you feeling about the economy overall? the last jobs number would have been a pretty paltry number. >> i am disappointed, but what congress chose to do a couple of days ago was to kick the can down the road once again. this is for how many times in a row that we really have not gotten to the underlying issues of what is holding up the economy. it is obamacare. this concern about taxation. you know, we have not even seen the beginning of the tax impact of obamacare. when people do there tax returns next april and find out that there is a three and a half% tax on their investment in, you will see an up or like we have never
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seen before. charles: i think you're right. thank you so much. more problems piling up on health care website. reports that health insurers are getting information and riddled with mistakes making it impossible to process applications that are actually -- the few that are making it through the system. at least south dakota and wisconsin do not have to worry. they don't need a super computer to handle the combined 70 people that enrolled in those states. former spokesperson for president bush 43, the health care news is getting worse and worse. seventy people combined for these two states. >> especially when the white house goal is to get to 7 million enrolled. enrolling in the first year. that looks very unlikely right now. obviously what we're seeing is that the obama administration has failed and refuses to red meant that they are -- that the system is just so broken. i mean, they talked about
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glitches, but it is just not enough. they paid the companies millions and millions of dollars. yet they decided to instead of dealing with the political backlash of delaying another component of obamacare, they just decided to roll it out despite the warnings of the i tea experts. charles: you know, i have to tell you, glitches aside because i think the bigger issue is the fact that once people get through and see what the options are and see that the sticker shock is going to be insane, 36,000 in the first week. if you do the math, we will cover 30 million people as advertised. 833 years. >> and you're also talking, the first week, for example, less than half of 1 percent were able to enroll in the program. that came out by a nonpartisan research group. again, what you're seeing is americans are becoming discouraged. you saw the numbers plummet. 88 percent plummeting because
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they could not get through the system. you see these numbers happening, and you're wondering why we don't have someone with accountability and take the blame for what we're seeing as a poorly designed system with poor architecture and the fact that at the end the americans are not definite -- benefiting because you're seeing single dads that have to pay double the premiums because they're not offering the solutions that are needed. charles: i kind of think the old saying, you only get one chance to have the first impression, it is like will smith repackaging the movie that he had earlier and coming back now with that at christmas. people are not -- this is their only shot. this was the shot. i cannot see it getting any better than this. >> that's right. i would say if you have the cabinet secretaries of land of, i am sure the secretary would be the first to be fired. charles: you're right on that one.
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if she did not have the good graces, maybe she would fire herself. thank you. have a great weekend. actually holding a hearing about all of these glitches. next week. my next guest is angry. we just talked about her. she made an appearance on the daily show. but so far she is refusing to come to capitol hill. by the way, we contacted the health department for comment. so far we have not heard back. welcome to the show. robert gives gives an interview on msn bc. more less he throws kathleen sibila is under a bus saying that someone should be fired. everyone knows that he met her. she goes on the daily show. >> she does. i think she should come up to capitol hill. if she has time for that show i think she should have time for the american.
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we'll that she comes to a hearing on october 24th. neil: here is the thing. i have seen members of the administration who have come to the committee hearings. they really seem hospital. they don't seem to be cooperative, and it seems like nothing is accomplished and it fades away. >> i do not think that this will fade away. that is obviously why we wanted to delay the individual mandate. this is been a disaster. you would think that the administration in the singular issue with which it is proudest would have a rollout that is effective. instead it has been a complete disaster. charles: it is amazing that the media would call this a success even before it was rolled out
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like him getting the nobel prize a little early. so far it is his signature accomplishment, it is not level. this is not an accomplishment. >> i agree completely. should we be taxing people for not purchasing a product who when they cannot find it on a website that does not work? charles: a lot of young people especially. people tried. they got along. they tried. it did not work. even once they got on they did not take the bait. >> i am suspicious that the registration process is so complicated because the administration may not have wanted the public to know in browsing with the sticker shock was going to be. charles: there were smart enough to make people register first. maybe they should have made a list. it seems to be pretty popular in washington. people might have seen the prices and clicked off anyway.
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>> i agree with that. when you and eyebrows on the internet, may be purchasing a shirt, we don't have to register we just do it. charles: i meet him if we did we would not buy the shirt from a particular website. i really do hope that this works out well for you in the american people. again, we have watched the irs hearings and other hearings. it feels like the administration , they just don't have enough respect for congress right now to even do this the right way and the honorable way. i hope it is different this time >> i hope their is a mutual respect. what the secretary of health and human services to come to the committee and ask legitimate questions on behalf of the american people. charles: it is an admirable goal helping people get health insurance is an admirable goal and there probably is as far away do it. thank you. coming up, from the shutdown to the slammer. gearing up to get republicans locked up. the conspiracy alleges that they might just make you fed up. and also, the furlough,
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government workers are getting back pay. taxpayers are picking up the tab. businesses to lost money are not getting a penny. that is what has larry mad. and, well, you don't want to get this come one at. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.
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>> the mainstream media quick to call them nrs. the liberal website moveon.org protested this position. calling the justice department of the united states of america to a rests eric cantor, speaker of the house, john boehner. they claim it is for conspiracy of the united states of america. president mark muckler of the groups that this is possibly more than adouble standing. >> we know this double standard exists and there will always be there. think we we know that the public knows that we have this little trust in the media. but what we have is calling for
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political oppositions to be charged with crimes arrested and are incarcerated. that happens is you criminalize your political enemies and it's outrageous for them, especially like move on.org to have that on their webpage. charles: in some ways it makes sense. it's a step do you consider all the media outlets that blame the republicans for. people have already combed through the coverage of it. and it is amazing one faction of the government could have shut down the government. there were many opportunities keeping this open. many opportunities to make this a different course of history. it makes sense that this will be the next step. >> the underlying narrative is definitely that it's the
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republican fall, but they were clear all along are they had no intention to shut down the government and what they were doing was standing with the majority of american people. and the republicans stood up for the american people and try to rid the nation of this bill that they hate this is calling for them to be incarcerated and truly that is a scary next step. charles: it is a scary next step and i don't want to mitigate that at all. so what do you make of this? 40,000 people sign this petition. and they have actually signed up for this and that isn't angry under corn that could be explosive and certainly dangerous. >> it actually scares me that the idea that 40,000 people would be willing to incarcerate
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those who peacefully oppose some political or and that is a dangerous precedent it allows the encouragement of this behavior. charles: dumbly then we take it back and go full circle. and we have that organization and a lot of people look up to this and they are actually encouraging the work that could be out there. >> i can tell you where the media is. most folks in the media and the polling shows that they support the democratic party and anything that the democratic party does and actually that they like the idea of incarcerating people like this. i am no great fan, but the idea that we would criminalize and incarcerate people like that are executing on the constitutionally impose duties
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president? adam lashinsky is here to hash it out. >> believe it or not, i'm going to defend the media a little bit on this one. i think the republicans aired in trying to draw attention to obamacare via this strategy, which along with democrats led to the shutdown and then the debt ceiling stand up. of course that is the type of story that will include a lot of media attention. oh, my goodness, we are on day nine and 10 of the shutdown. that is now out of the way things are this bad temporary deal. charles: are you saying that the republicans try tried to manipulate the media and it backfired on them? >> not just a manipulation. but some thought that the best way to draw attention to the failures of obamacare was to engage in this impasse. i know it took two people to
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tango. at the end of the day that probably detracted attention away from this story more than it would have if they had let alone and stood back. the media has done a decent job of covering this train wreck. it is glaringly disastrous that they cannot avert their eyes and there is no big shiny object that will distract. charles: i must tell you that the media has covered the obamacare thing almost in a way that it is a disaster because there is a lot of demand for it. even by covering it, it felt like they tried to put the best face on it that they could. >> i was all set to disagree with whatever you had to say and i agreed with what you said. but you are making a meta- point that i think is wrong, which he said that the republicans tried
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to get people focused on obamacare as part of the fiscal conversation that's not exactly what they tried to do but they tried to link the two and that was where they went wrong. that's where they got into trouble. to your question, i don't think the media is ignoring the obamacare train wreck. the train that is not obamacare, it is the technological rollout of this thing, which will get corrected. i read a couple of paragraphs of it before i started to feel sick to my stomach. the republican effort to derail obamacare before has a chance to even get going is the story, not that this is hurting people. charles: well, emphasizing one point. the media writes about news and
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the allegation that small businesses are being hurt by the obamacare rollout, that is not news. charles: i guess it wasn't news when they said that we will have to cut employees ordered pizza -- >> we just read about this. here is the thing. even you have to admit that 36,000 people signing up for this program after a week and after all of the attention and the millions and the president's signature achievements, that is news. how are you going to get from 7 million to 36,000? >> i am assuming you read about that in the mainstream media and not tell you know it. i agree with you. that situation definitely needs to change. no argument whatsoever. >> a couple of things. and i think this is the next step here. where they are shifting the goalposts. the problem is just the glitches and usa today, by the way, reporting that according to tech
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experts, health care.gov uses 10 year old technology and will require six months worth of things, which is way past the deadline. >> hang on because i want to address your second point. once these issues do finally eventually get ironed out, whether it's six months from now or a year, when the program is allowed to work the way that was supposed to work and they have 3.5 years and hundreds of millions of dollars to do it, they are still going to say that the american people -- we will see higher costs and premiums and dropped coverage and the cost will go upward. charles: the bottom line is when the media starts to say that will it will take six months to fix, in my mind they are giving the administration another six-month window of excuses and
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the people that have gone through have totally rejected this. that is the biggest thing out there. >> 36,000 signing up, that's less than 1%. and we just acknowledge that it's not working correctly. charles: they pull the lever, we better leave it here. you guys are california smart guys. and they actually help you load the presidents office. a key group of swing voters known as the wal-mart moms are changing their tunes. we will have that next
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charles: according to a focus group held this week, washington should just stop the nonsense. >> i think politics and politicians are discussing things that are not important to us. i think they are discussing. i don't think they care about me as a person but getting my vote. >> do you think they care about the country? >> no. they care about their version of what they want the country to be.
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>> to put it in a nutshell, they are stressed in terms of how to deal with the economy and they are pissed off about what is going on in washington. they see washington as absolutely leaderless and it's chaotic. and they are upset and they are kicked off and they are angry about what is going on in washington dc. charles: did they have one specific group of people they were angry at? >> any elected politician comes into play in the mentioned everyone from john boehner could president obama. but there is a sense that starts at the top with the leader in disappointment and obama. but he promised to bring the country together. but there is also a sense that republicans are just putting away the opportunities.
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charles: is that sort of animosity still hitting the mainstream? >> yes, first let me speak from the perspective of a mother and a woman. and yes, a wal-mart shopper. also we know economically that a lot of the programs that the president has promised have helped women come and have actually not helped women. where he promised in obamacare
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that premiums would be $2500 and would not lose your insurance and women are realizing that we are losing our insurance. >> when president obama says that he won in the republicans lost, what these mothers are saying is that nobody won and that there can be winners and losers, that the only -- that there are only losers and the key losers are the american people. charles: you have gone around and done these focus groups. >> i think the president
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continues to define women by their reproductive anatomy. frankly, women's issues are economic issues that i think a lot of women are very concerned about. they want to see spending cuts and we have a 61% majority in this country that actually feels that way, men and women and they are very attuned economic issues and they do not like that they really got behind president obama and he has failed them and disappointed them and in some cases they feel flat out lied to by the president. >> the disappointment is going through the roof for the prident and you are right. when it comes to smart budgeting, women always know better. i would never argue that point. all right, the shutdown is over. the debt ceiling is hyped and our debt has never been worse. topping $17 trillion.
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charles: they save 17 trillion is bad. what about 74 trillion. general david walker says we are a lot more money in the holder. the problem is only getting worse. 74 trillion. that is a mouthful. >> it sure is. the fact is that we have huge unfunded pension and retiree health obligations for medicare and social security and the real number was $70 trillion. and guess what, they haven't
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done any of this. maybe that would give the country a more grassroots level to understand the urgency. >> i think so for two reasons. it shows that the problem is growing faster and secondly for positive reason, that if we do get a grand fiscal bargain that involves a number of changes that are phased in over time, the debt will come down the dollar, but this could come down tens of trillions of dollars because the power of compound. it gives them a sense of urgency and credit to the extent that we can make some progress even if it stays in overtime. >> understanding the environment in washington right now and the players right now, what would we
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see being put forward over the next few months. >> i think people are disgusted with what is not happening in washington. washington is out of touch and in this includes other types of cuts. you might reach an agreement on what a goal should be. the gdp perhaps down and keeping it there. and to try to hit that in 2014 for the midterm elections and my midterm election is a grand bargain because great progress is not made in a number of years and frankly you have to be realistic about what is being done.
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charles: social security or medicare, i paid into it,. >> i have done a million miles and no one has talked about more than me, and i have talked about the forms specifically that we need to not have gone 77% support in over 80% for medicare and health care reforms. in a comprehensive solution involving additional revenues, if you do that, you can succeed. and if you don't, you're going nowhere fast. charles: thank you so much, we appreciate it. that is why we have you on the
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show. we know no one has done the stuff that you have done. thank you, david. charles: what is nancy pelosi saying? we will thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.
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>> small-business owners were all areas. after 800,000 furlough government workers were granted their back pay, small businesses are demanding a bailout of their own. >> i thought only government workers were the first to say came even though i'm not working and now we have her almost encouraging businesses to do that and some businesses actually wanting to get paid for their loss of revenue.
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charles: it is kind of like saying get behind me and i will protect you. >> yes, the nanny state. the whole victim mentality is really the problem. it seems a shame to me that the first response to the fact that i have been harmed in any way is to turn to the government to compensate you for that harm. i don't think they have termed desolate crap happens. but it does. we all deal with the negatives every single day and most of us suck it up and work our way through. charles: matzos play this out. because i agree with you. the entire country from the educational systems to the business owners, we are looking for some sort of rescue.
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but maybe someone will come to the rescue. where does that leave the country? >> it leaves the country just like a kid that you gave an a1 you earned ac. it means we didn't learn our lessons very well and we will always be expecting more than we have earned. we have a lot of people out there from the entitled furlough workers who expect to be paid and will be paid for the fact that they didn't work and got a paid vacawe have businesses ands going to leave us in more of an entitled situation. charles: if we were to distribute your bucket in washington dc, what they all actually grow a pair? >> you know, i doubt that they read the book printed in reader before they pass it and i doubt that they would read the book. charles: i will definitely read the book and congratulations.
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charles: a busy blitz tonight. texts are hitting it out of the park, a 13 year high. a thousand dollars a share for google today. cal harrington, let's start with you. a lot of people, the bubble automatically trips up, what do you think? >> i think that greed is driving this, google is a game changer and this reminds me of the blitz and these are all terms that we have heard before and we have to have the same lessons right now.
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charles: so how would you manage this market? >> i think the devil is in the details. i don't see any reason not to buy it right now. but you better have your risk management under control. at a thousand dollars per share, it can be a very expensive mistake if the market goes against you. charles: these are the companies that survived the technology bubble. legitimate businesses are growing like crazy. >> i think that google, facebook, these are disruptive search engines and technologies. we think that technology in general is an asset area that will provide outside returns. but i would way here at these levels. i'm feeling it and we are protective as we look into buying up these names at these levels. >> the food police, you will
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love this next issue because consumers are actually in love with taco bells to read otago's and i have to tell you that they are good. people love them and i love them. sales have topped the billion dollars for these things. >> here is the thing. the current economic state in the united states, the reality is that these are the places that you can pick up a meal at an affordable price in this new kind of taco, it had a billion dollars in sales and i think it continues to own young brands, which is the owner of technical and taco bell. charles: chipotle mexican grill is up and it is a conscientious fast food that they really care about and their customers. >> i love that concept of healthy junk food. you are talking a billion
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dollars. i think that we are getting very close to the fast food industries to back this moment because you can't legislate reality. there is a lot of chemicals and as far as i'm concerned this is a good thing. health care, diabetes management, all sorts of other things five to 10 years down the road. charles: okay, what is that? you hear that? you know that means it's time for a nightcap. what you guys are thinking about a quarter you go to sleep. what everyone will be talking about on monday. we'll be looking at? >> i am looking at bank earnings, a lot of them coming up next week, netflix also coming and mcdonald's. it will give us a push on global consumer spending and netflix has been on a tear and i think it's interesting of what people are doing with their money.
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>> were you watching? >> i think that that's true. i'm going to talk about the robotic technologies. 3-d printing and dvds. these are names that we have to watch this sector as it unfolds because i think the we are looking at a number of disruptive edges in the marketplace. charles: i am a huge fan. but some people might say that it's disruptive, but the height is perceiving reality with the shares. >> you have to pick your entry point. but i think you have to own these things. they are watching floors, vacuuming your house, they are here to do the low end jobs in this economy and i think in addition, we have seen is what
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the drones. charles: does the rally continue? >> yes. >> a little bit of a pullback next week. we have to come todadadadadadad. ♪ lou: washington may be trying to focus on the budget, but the nation's attention has turned to obamacare. obamacare now is unworkable, and affordable, and an almost unimaginable mess that appears to be getting worse. i am lou dobbs. the. ♪ good evening, everybody. capitol hill is silent for now, but next week republicans in congress will soldier on kamal the oversight hearings on why the obamacare exchange website three years in the making is such a stunning failure and
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