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tv   Cavuto  FOX Business  March 19, 2014 6:00pm-7:01pm EDT

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that's my "two cents more". a tip for "the willis report." thank you for joining us here in don't forget to tape the show if you can't catch a fly. we will see you back here tomorrow. ♪ ♪ ♪ neil: welcome, i'm neil cavuto. i want to get something off my chest. this has been bugging me for a while now. accountability. does anyone anywhere take responsibility for anything two gm's ceo says she's sorry about these problems but that doesn't mean that she is responsible or them. happy to pay more than a billion dollars to the government over it handling of safety problems. as long as they can to avoid executives because of those problems. happy to pay billions more as
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long as one of its executives doesn't have to worry about the indignity of this. and republicans are trying to repeal that. and certainly not hillary clinton but says what difference does it make of time to find out more. not chris christie who says the buck stops with him and that he's had it and will take the fall for it. not the irs but regrets rogue agents to investigate why they did and who told them to do it. retail ceos never seem to credit this for a good one. republicans blame democrats and drop the ball every time they had a chance to stop them. we blame them for blocking more money for infrastructure and refused to account for the tens of billions that taxpayers have already given him for
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infrastructure. including stupid parents to sue schools because they're stupid. each and all, one and the same. a whole nation all part of the finger-pointing. the same finger-pointing. john kennedy once said the victory has a thousand fathers and you know what it is and orphan now? personal responsibility and accountability. admitting that he watched it and screwed up. you would think that those who forever shift blame would realize house early that they look and how they are not really looking it up. human beings to understand. that is why the poll numbers of jfk go up admitting that he botched this. americans are the new president part of this. maybe because jfk refused to give himself a pass. all this other stuff i'm even
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close on the left and the right. to robert ray who has raised this a lot sooner than i did. that is a failure of accountability. >> it is, and we seem to tolerate it until the public is -- unless you hold people accountable. unless you demand responsibility baby steps in the direction that the company is going to take responsibility for what was done. the truth is that the government has far too many situations because it easy to do with huge financial settlement with a substance of this. >> it's always easy to accept for the government a financial
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settlement because and hard but at times it hits the bottom line after all. for a company, letting go of a billion dollars if you were toyota may not be a drop in the bucket but reads the alternative, which is prosecution of senior executives to hold them to account. neil: but the prosecution, it's about being fair with the criticism of everyone and holding those who might have been ordered accountable. but it's gotten to the point now where and the legal fiction that can be held accountable under a theory of corporate collective knowledge and no one person is really the possible for the conduct. but if you take a little
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knowledge here and a little bear from many different the company, the company can be held to account. and that is far easier to accept than there was a particular executive or a person that should be held to account for that. that's a far more difficult than to prove from the government's perspective and it's easier for a company to simply acknowledge corporate responsibility without insisting that the company hold its own people to account. neil: do you ever noticed that people that are hands-on and very detail oriented, ceos, when everything hits the fan than a flake, when everything hits the fan than a flake, it's this or nothing. >> the easy way out is to say that i'm insulated and protected from responsibility and accountability. to some degree we have made great strides in this environment in a post 2007 meltdown environment to hold corporate executives accountable
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neil: i don't think so. everyone is afraid of getting to it. so when the head of gm comes out and says i'm sorry, stopping short of taking responsibility for it a division she oversaw in a prior incantation, she is honestly comment or lawyers are aware about how obviously this is not good. >> no doubt that that is true. >> i think that's probably part of the problem and probably right. look at what the fcc is trying to do with the department of justice and there are findings of responsibility that the company has acknowledged wrongdoing. in the past they refuse to do its thing that we can do that because that would injure innocent shareholders. neil: they say if you get the government off your back, you have to make money.
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>> the public insist that this is not acceptable. and there has to be outraged to say enough already. there are too many instances of this. someone is accountable. companies don't commit crimes. people do. you have to go after the people and you have to hold them to account or expect accountability to be held to that standard. neil: robert, thank you so much. i'm telling you, this health care thing, all the kings horses and all the kings men camp over this turkey. and all of the athletes talking isn't going to hell. and all the former athletes and stars no matter what. i might kick his you know what if he says they care. when he joins me here. but first, edwin edwards, the former governor on why he says that now that he is outside you
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with self-directed services by j.d. power and associates. neil: what could possibly be a part of a. >> i do not view these e-mails come of it in your case i'm going to make an exception. i'm going to pay this and i have never felt starbuck watching you than i do now. the silly after all of the lowlife e-mail servers heaved on your show. and how you're able to put them in their place. i felt compelled to tell you that i have not had any more fun and entertainment in watching it. that segmeet is the highlight of my day. at times i cannot stop laughing. he had much more to say. as much exposure as i could give him get them for $20. and you can find out about this when he tucked it into the show.
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meanwhile, swapping the doubt to suit your fancy. in an interview with the spanish-language radio show, president obama tried to assure latino americans of their relatives are not in danger of being the ordered. if they'll roll role in obamacare. saying if you have a family where some people are citizens and others are not documented, the immigration people will never get that information. well, israel ortega says that that reeks of desperation and the president can't it's more one lot to boost another. but that's kind of what he's doing. his neck? >> esca matsui. the president is wondering why there is not progress in immigration in congress, he needs to look back at his own statements. why would you trust the president to enforce new laws when it can't do this with the laws in the books. neil: and he seems to be telling them take it for me. which seems little to bring.
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>> is, this goes to the larger point of the white house trying to boost of enrollment numbers before the march 31 deadline. the white house knows that it needs young people. hispanics are the youngest demographic. neil: the idea was to get more americans signed up for obamacare. so now beginning to wonder if the push is to get anybody to sign up whether legal or not. that is a whole another wrinkle on the reliability of these numbers. >> yes, you're absolutely right am looking at the other entitlement programs. fraud exists, medicare, medicaid, social security. this is actually going to happen and then it goes to show you that this is what happens when you pass a big conference a belt. >> let's talk about how this is going and how you can really
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reach out to those legally or not to make the difference. apparently we are seeing with the latter part of the last two weeks is just that demographic and that group. whether you're for or against it, you could say that something that the president is saying is resonating. so what about those that are concerned about the numbers at the ballot and what will happen at. >> california, there's a huge hispanic population. 20% identify themselves as hispanic who sign up for the exchanges are and i think the white house is admit that the fact is a lot don't do commerce on the internet. they may be online, but they don't do the things required of obamacare. that's why the white house is incredibly nervous. neil: it's interesting.
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>> just. >> thank you very much. neil: eight years in the slammer. a lot to be a member of congress. the former governor himself with a message to people that say he doesn't have a chance. ♪ ♪ how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. predibut, manufacturings a prettin the united states do. means advanced technology.
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>> i acknowledge the good reasons why i should not run. i know this. there are better reasons why it should. neil: the fact i have a chance? does he have a chance at a comeback? are public and say not even a little bit.
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the 86-year-old democrat spent eight years in prison after being convicted of corruption. now he's back running for congress and says he's very much looking and liking his chances. good to have you. thank you for coming. >> thank you. i'm pleased to be here and i watch you often. neil: i appreciate that, sir. it's interesting because i know you thought it was unfair. it was what it was. but you can run for congress. you're taking that opportunity. why is that? >> i want to end my life in public service. when i was 17 or so i volunteered in the navy in world war ii. and after five because the war ended before i finish my training. i've been a lawyer representing people after i got out of law school when i was 21 years old. i've been in city councils for eight years.
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i served this state for 16 years and i know the people here in the workings of congress and i have the experience to be a good congressman. neil: i think you have heard from those in your own party, just go away. would you say that? to well, they have an opportunity to send me away at the polls. they can either sending to washington, or they can send it back home. but what's important to you and me and everyone else is that this decision will not be made by me. but it will be made by the voters of the six congressional district and i'm happy to abide by that decision. >> a lot of voters are very anxious.
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>> it is to try with danger as history has shown. but it was passed with good intent to take care of people without insurance. an estimated 40 million people in the country. and now it has been passed by the congress, signed by the president, validated by the supreme court. in my view is we should take the good element of thiew is we shoe good element of the line and try to use them for the benefit of people who need it and do what we can to postpone or eliminate those elements are so burdensome to people unnecessarily. neil: do you do recognize a problem the wait is now? >> oh, absolutely. you have to be blind and mute and i'm not able to do that that is a problem. among other things.
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neil: nancy pelosi doesn't think it's a problem. a lot of colleagues running away from it, she says they shouldn't. >> who doesn't think the problem? neil: nancy pelosi. >> oh, i don't know about her. she's from california. [laughter] neil: would you ever ask the powers that be to campaign for you or make a speech? any of them? >> no, sir. and i don't think that i'd want to damage obama's unfailing populated by speaking out for it. >> i'm not interested in that right now or it would have a tough job here. it's not going to be easy for me to win this election. but i can win and that's one of the reasons i'm running. neil: looking at what you're doing. all that you've been through. you don't have to do this.
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but it almost seems like -- i don't know. a soul cleansing effort on your part. we doing here? >> welcome i don't know anyone running for public office that has to do it. you don't run for public office because you need a job. if you do, that's a poor reason for running. i certainly don't need a job. i've been in public life for 45 years and i've been through the mill. everything, good, bad, indifferent. and i don't have any skeletons in my closet. they are out there walking around or did. neil: governor, i like that. >> good luck. >> in the meantime, brace yourself. i'm not done with this personal accountability thing. it's not just us. take care of. they are now blaming us for
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missing with this guy was doing on his border. but on a closer to his border? is and he kind of like your neighbor? all of them close enough to actually see what he was up to and they're blaming us. and then do not take me out of the ballgame. twenty-five dollars for this? even for me, i'm hungry and i love hotdogs. but you won't get the financial factor.
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♪ see what's new at projectluna.com neil: have time to address something that is half-assed all of europe because this is for all the finger-pointing record books
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you are blaming us for not seen vladimir putin said intentions sooner that we missed the true buildup along crimea. is anti-your neighbor? with all deference to sarah paling puc him from your front porch now we are to blame from him going off his rocker? kind we are easy targets because we are broke and could not find our way of a paper bag. but pushing putin on os? now to redraw the new map of your neck of the woods with a sharply in you have words for us? really? seriously? what is french for you ungrateful losers? get a clear. get a map. then decide the villain and
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the use said weakness in is your neighbor it has been for years. we have our chief economist economist, colonel, but there are many things that we do wrong in this country i am hardly a defender but this is nonsense. >> our european allies and friends around the world of always want to work -- look to the united states as a world power to defend them before something goes wrong and when it does like crimea , we failed. we did know that i brushup was doing that even the administration failed to do anything to tell putin to back off for leaded me and
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let the situation settle. neil: you are a war hero but i play with g.i. joes. we are on the same level. so also having to take responsibility to not send a clear signal or to move sooner on sanctions. because they are more beholden then they are with all deference that he is out to lunch. believe me. but for then to say it is all on you? >> we talk a lot about the tendency often the u.s. government and this is a case where the europeans are dependent on the u.s. government. where did that come from? neil: a kodak camera will do
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simic we always ran to the rescue a and they are expecting a now. blaming the u.s. is a rather dramatic statement but the president's response we should be much more aggressive to use this as an opportunity to use our own resources to drill baby's real. every time we drove 1 barrel of oil it hits putin right in the pockets. neil: i agree. i don't let anyone to think i am the defender of this president or his policies but there is enough blame to go around europe was indebted to russia but don't put that on us. if you have to toughen up or
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we are not aggressive enough you have to realize that dependency is what made you go slow. >>. >> maybe it would not have happened under george boyer she would have stood up. neil: a variation in did happen. >> absolutely. >> i am on my way up there. >> there are things but what does cry begin been to i s? world perception whether or not we are a world leader in shows that we are not. hispanic but to make 1.we have the enormous
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$17 trillion national debt with its enormous debt record of the military superpower status. neil: of the day will respect a financial baum. don't let me hear you argue. but would you sign up for obamacare if tiki barbour told you to? the president is using athletes to sell its. we will have to kick his heinie also.
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how did edward jones get so big? t me just put this away. ♪ could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jones makes sense of investing. neil: before we get to tiki bar for i do have an issue with sporting events in general the arizona diamondbacks are charging $25 for this. 18-inch corn dogs stuffed
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with jalapenos, bacon jalapenos, bacon, cheddar cheese, french fries and they give you the $5 bag of peanuts i think it is $10 now. if you are outraged and i only got outraged one minute ago tweet to us what you think. i think once they start with the $25 hot dog is of a $50 ben of potato chips? now back to the former nfl great duse's that president obama is onto something by having professional athletes sold the health care. he has launched a business to do just that. good to see you. >> great to see you.
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neil: he is here. you cannot kick my but. >> by the way if they add a beer to the corn dog it could be worth $25 per no way that i buy that. neil: you could afford that. but all these athletes particularly athletes pushing the president's health care. does that move the annual? >> sports are woven into the fabric of society they elicit a passionate you are a fan of the giants you live ian dye the same with the dodgers or the rangers and if you grab on to a star who will pitch something why not government? that is what president obama of lot of young people
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between 18 and 25 gravitate to the star athletes. i need to get out a message to list the help. that is what we're doing with my company of marketplace for athletes who book different experiences a lunch, dinner, a brand activation. we blood for the obama administration to call us up neil: not necessarily an athlete we are allowing the talent to monetize a brilliant downstream so where you retire you lose relevancy but you have a lot to offer with stories to tell. neil: speaking engagements? to make literally everything focal, speaking engagements. >> bar mitzvah whatever. neil: i will give you the address.
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>> but the market existed but there was not a marketplace so we created the market place whether government or corporation. neil: here is what worries me. if i hate you but as the redskins fan will not be impressed that tiki barbour says get health care. >> that is why the administration goes for the high end players. even if you don't like them you will appreciate what they have done. neil: but do you think it isn't moving the needle? >> i think it is deeper than that but people don't
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understand a and it is complicated. as the nfl player i have five years of post-retirement health coverage that extends 18 months for cobra then i am out of the market. but the challenge is my kids live in a new york. i live in new jersey. all lot of states don't allow cross state insurance for your kids so it is very complicated so who will go to the web site to think it is easy but it is not in that frustrates consumers such as a result they lash out. neil: because of things like that. it was not till well. i think on the right or left if they just admit here is what could happen i know it was rushed for a reason
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although they should tell the truth your premiums will go up or kids in one state have different issues and others. >> it is always good to would mitt the shortcomings nobody is perfect. then the cracker people move on and move forward. that is just like life that is what is hampering the affordable care act because they do think it was noble and the reasoning was sound but the act -- the execution was not perfect causing people to lash out. neil: you know, that your kids can stay on your policy until 26? o. [laughter] >> i hope my kids are up 40 mobile very quickly then get a job right away.
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[laughter] neil: it is up pleasure. they have so much to tell aunt a great inspiration. >> and great for brant -- printing. neil: is this market red-hot? the most important segment of the entire day. of any video platform. you cannot afford to miss this.
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neil: without we look at what is killing all one in the business world to show you how it impacts your world but you would not know it.
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headlines of a new cold war but investors making cash. why is a crisis worrying those of stocks? why does any crisis worries stocks? one study that stuck with me is looking of 49 events like the kennedy assassination assassination, and in 11, pearl harbor during those times the s&p 500 only would move 1.5% use of the few weeks after. why does that happen? the all stars are here. we have scott martin, a cherished and sandra smith. why does that happen? to make you cannot compare what is happening in the stock market today to any other point in history because of the level of involvement with the federal reserve to prop it up.
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we still look at a federal reserve with the bond buying stimulus program or whatever you call it $55 billion per month. they're not out arguably they have been propping up the stock market for quite some time and until they are not you cannot compare the rally to any of 37 she is right if did is built on air , what are we to make of it? >> it is a good side. but it's when you fall in love for the first time that you get don't, it hurts. neil: but you did not take your mother to the prom. >> she said no. [laughter] but then you fall in love it does not get hurt as much. it is the same thing with
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the market they see the events whether great -- greece, cyprus, egypt now brushing it does not matter we get better with experience the market can look forward then leave mouflon from christie and who would dumped 15 years ago. neil: we are consumed by the moment but the market senses internally it is only a moment. >> first of all, traditionally has been good. it is just a moment a and even with the ukraine how does that influence equities? unless you trade commodities we don't get that deep but they are not. the bottom line is you have the best thing killing that
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is the bottom line. neil: aiken the minimum wage to hurt business but increasingly business says that to show the employer paying the minimum wage would jack up prices is a and lay off workers to the degree they talk. >> i was just up on my office printing office study after study. i always do my homework. you do not have to look far to find tuque university, a cfo, a professional and when the study, that shows executives said u.s. companies would lay off workers of the minimum wage was to be paged -- was raised it would reduce the workforce. and this one said 57 percent of u.s. retailers, over half would reduce the workforce.
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neil: maybe they threaten that but not really. >> i think they have to. revenues have been flat. but earnings has been rising because they caught -- cut cost to hire cheap workers for i went to the mall i asked employees out of luigi feel about having wages increased? they all said yes. i said what did your job is on the light? of the two said they avoid. if americans got the full story they would not be all on board. common sense tells me they cannot afford to raise rates so i would rather keep my job. neil: the bigger story there is you went to a mall. >> i love them all. [laughter] neil: this market with this
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concern with the encroaching government and the fed not listed the people say it is long in the tooth? >> canada. but added government willing to stifle business even the cbo said would stifle business, the government shows they just not listening. neil: or they don't care. >> that they have not been listening going on six years now businesses seem to be doing okay and making adjustments that is where i still like the stock's going forward. neil: there was a big issue cavuto or colonoscopy. a question then set off the debate. i was shocked at the results. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker.
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neil: cad right to it to you are wondering what is with my obsession of government spending. i think you are morally bankrupt and check your numbers you will come up with reagan and bush bayou already know that. to manipulate those bulkheads for corporate you are among the funds s and the regular bowhead will show you i have followed this deficit spending for years under republican and democratic presidents. last bailout when against greece and now this president get the same treatment from democrats so that makes me fair and balanced bonehead. if viewers would rather watch me or have made colonoscopy? good to know.
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there is a benefit i guess. i will never put you in a compromising position. could do no. anything that i can do to help. what you see the to be saying is more than a colonoscopy. you must watch to right so that must make you in india? -- idiot.
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i will go all-out on a limb. but i don't want to put words on your mouse. -- mouth. that is not a bad point. just so you know, we have the rule of thumb of wonderful things happen on this show are all my ideas
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all the things that are not it is the producer also with a $25 hotdog? there are people like that. how can i put this? what is the deal with you asking what's the deal and asking you to ask us what's the deal? what is the deal? [laughter] i have no idea. and apparently neither do
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you. that was said good e-mail. nobody knew what you were talking about. keep them coming. we love to hear from you. that is like emails on steroids. see you tomorrow. >> good evening we have a lot to cover tonight date number 12 of the search for a list -- missing malaysia air flight still no sign of wreckage for survivors now the fbi has been called to rule out all possible aspects including the examination of the flight simulator found in the home of a pilot. authorities intimated they believe he may have delivered files from the simulator hard drive

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