tv Cavuto FOX Business March 19, 2014 8:00pm-9:01pm EDT
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posts and stories into real-time business insights that help nascar win with our fans. ♪ ♪ neil: welcome i am neil cavuto, i want to get something off my chest, this has been bugging me for a while, accountability. does anyone anywhere take responsible for anything? not gm's ceo, she said she ist thrry about those ignition problem but she is not responsible for them.nmener but not toyota. as long as they can avoidas t executives going to jail, not j.p. morgan hope to pay billiony more in finds as long as not one of its executives hav has to war
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for dignity of a perp weak.and p >perp walk. t >> and not the president, and not hillary clinton, regrets those deaths in benghazi butinto said what difference does iteo make, now trying to find out what happened, not chris christie, who said this how chrh woulwholebuck stops with him inw jersey but he had it, not thel t irs that regrets some rogue agency targeting conservative groups but has yet togents investigate why they did.te retail ceos who blame weather for a bad quarter but never credit the sun for a good one, and republicans who blame cre democrats for spending like crazy but drop the ball everyme time they had a clan to stophach them, and democrats, blaming republicans for blocking more money for infrastructure buty fr refuse to account for tens of millions -- billions that tax
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inyers have already paid them for. and fat people who sue ph-pbgds because themcdonald's because te fat. and stupid -- john kennedy said, joat victory has a thousand fathers, and defeat is sant orphan. what do you know is an orphan now?n personal responsibility, personal accountability, admitting you botched it, you screwed up, you would think thao those who forever solicit blame would re-- shift blame wouldp. realize how silly they look, we compound not owning up to them that is wh jfk's poll numbers wt up admitting he botched the. that leadership whether on leftt or right, this other stuff, not even close. o on the lift and the right.
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robert rite, that failure ofthai accountability.di >> this isd the thing we tolerae it.ility. >> why? >> until the public decidessee unless you hole people account able, and unless you demand responsibility. then it won't stop, we see that in the toyota roll out, baby steps in direct of okay company is going to take responsibility for what was done.r the truth however is, that the government and far too many situations because it is easy tn do, takes huge financial settlements as a substitute for a counts. neil: those who pay them, beats the alternative. >> sure, and easy to accept for government, financial settlemeno because in hard budget time its does hit bottom line after all,
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and for a company letting go of a billion dole ars if you arete. toyota.ng go -- dollars if you are tight may not be a drop in the buckeyesol but it beating alternative,w prosecution of senor executives. neil: prosecution you would know dating back to whitewater special council, it is about being fair, and level in your criticism of everyone, then holding those who might havetice errored account able.en ord but, it that gotten to points where, i think a lot of entities would sooner pay up tha fess up. >> sure. we engage the law does and legal too that a company can be healtl account able because of a theorc of collective corporate ud knowledge no one person is really responsible for theti conduct.is but it you take a littlee foe knowledge here and there from many different aspects oftle
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company, the company can behec held the to account that is easier to accept than say there was a particular executive or a particular 57 that shoulpersonta a far more difficult thing toh prove from government's perspective, easier for arom the company to acknowledge corporate responsibility without actually insisting that company hold its own people to account. >> did you notice as a human peing, people when things for well, hands odetailed orient, d ceo or politics on a role, when it hits fan it is like the, youe know, sergeant schultz, i know knowing in. >> to some degree we made greatt strides in a meltdown environment to hold corporate executive account able.ate ecut
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able. neil: think they lawyers made it more complicateed, everyone isd afraid of getting sueed. the head of go. t comes out says i'm sorry of about happened and but stops short of taking responsibility,i for a division she oversaw, then, she is and her lawyers ari aware, about how obvious it, sht not go that far. >> no doubt.yhis neil: you are part of --d. >> i think that is probably right. and there is be baby steps in that area, but look at what you know, sec trying to do, and to a limited degree, department of justice. there are findings of responsibility, in connectionedd with financial settlement. in the part of they refuseed saying we can't do that because that would injury innocentey re shareholders, and we would bett subject to --inno >> neil: shareholders figure if yoe pay the big fine, you hav have a making money. >> pubbic has to insist this ise
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not acceptable. >> they don't. >> have their has to be outragen to say enough. and there are too many, withande this.tage >> somebody is account able, companies don't commit crimes people do, you have to go afteru the people, strou hold them to account or expect actvet countability, people intople position of responsibility have to expect to be held to thatount standard. neil: yeah. eld a nice standard. robert thank you very much. >> time telling you the healthy care thing, all of the kings or thes and all of the kings meneah condition move this turkey --s thndition move this turkey. -- can't move this turkey, and all of the former athletes andki stars, either, no matter. what tiki barber says, i justt might kick his you know what, is he days says it here, when he joins me here, first, edwin edwards out of prison into the house, former governor on why he says now he is outside high is going to -- washington from theo
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neil: what could make a viewer write this. a. >> from north carolina. i i've never felt stronger about watching you know that i do nowo especially after low-lifewlif e-mails you received to what's the deal neil, and how you are able to put them in your place, i felt compeld to tell you, i'v not had any more fun and entertainment than watching it, that segment is the highlight oe my day, sometimes i cannot stops laugh s, he had much more to say. that is as much exposure as i could give him for $20. and you can find out about the segment at when sh he is talkine whe end of this very show.
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neil: in a interview with spanish language radio show, president obama trying to assure latino americans there are, relatives are not in danger of h being deported if they enroll in obamobamacare, saying, if you ha family, immigration people will never get that information,i well, editor, said, that rookiea of desperation.erio president cannot ignore forcest one law to boost another, that t is kind of what he is doing.'s f >> yes, this -- if president is wondering why there is noiden progress on immigration right now in congress just look at your own statements, why would a you trust the president to enforce new laws when he can't even enforce the laws already on the books. neil: seems to say, take it from me, they are looking the other h way, that is slippery.theme >> this goes to larger points of white house, trying to boost up
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enrollment numbers before marchh 31 deadline, and white house th3 know its needs young people, and hispanics, the youngest demographics in the country. neil: idea to get, more americans on -- you know signeda up for obamacare. they were legal. so now i am wondering if the push is to get you know anybody to sign up whether they areingt well or not. that is a whole another wrinkle to the rely bill of the numbers. >> right, you know, this from looking at other entitlementes,e programs, fraud exists, andentin medicare, fedex cade, social -- medicaid, social security, it, l goes to show you this is what happens when you pass a big tis comprehensive bill, have you things like this should come up. neil: talk about how this is going, and how, you can reallyis reach out to latinos but thoseac
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here legally or not to make thes difference, what we're seeing, with the speed up of the signes, and enroll ooesis just that demographic that group, whether you are for or against it youat could say something thatand th president is saying isd say resonateing, so, what to thosehg who are concerned about maybe just sort of you know stuffing the numbers in the ballot box. b >> well, not happening,eba california for example, a hugea hispanic population about 20% of identifying themselves as hispanic who signed up for obamacare. i think that white houseelas misread, you know the fact a los of hispanics do not do commerce on internet, memorial day be onn line but -- they may be on-line, that is why the white house is so nervous. neil: interesting, but it is blatant to get it out there sayv that but, desperate times.
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iisrael thank you. neil: 8 years in slammer, now to washington, edwin said he is aa lock to be a member of congress, former gov, with a message to people who say he does not havei a chance. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.
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louisiana governor 8 years in 6 prison after being convicted ofs corruption. in pron now he is back running foror congress, said very much looking and liking his chances,ind li governor, thank you. thank you for coming.you fo >> thank you, plea need to be -- please to be here, a watch youte very often.eate neil: interesting, because of your incarceration, saying itwa was unfair, it is what it is, you can't hold a state wides office, but you can run for congress, you are taking thatnr opportunity, why?a t >> i want to end my life in public service. when i was 17 years old i volunteered in the navy, duringe world war ii, didn't have to fight because the war ended before i finished by training, a enwyer representing people, after a got out of law schooler when i was 21 years old, i've been in city council for 8 year, say the senate and congress forn 7 1/2, and had resign to become
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governor of louisiana, i 7edyear this statedserveedit sa state fg the people here their needs and the workings of congress, i have experience to be a good congressman. neil: a lot of critics say, goe: away.av just go away, what do you say to them?n yo >> well, they have and u sa opportunity to send me away, ata the polls, they can either sendy me to washington or back home.eo but what important to you and me, and to everyone else thattto this decision will not be made by me, but it will be made by voters of 6 congressional districts and i happy to abidero by their decision. neil: a lot of voters, are very anxious to put it milely about the new health care law, and debev illed a lot of -- bedeviled a lot of democrats running for office, is it going
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to be an issue for you, what do they tell you. >> it is a issue, and should be, it is a very important problem, when i was in the washington, i don't think i would have voteed for it, it is too complex, too long and too fraught withnger a danger, it was passed with a sh inod intent to take care of people without insurance.an now it has been passed bype congress, signed by president,se validate the by supreme court,e suprre going to have to live with it as long as obama is president, my view, we should take good elements of the law, and try to use them for the vi gonefit of people who need it, and do what we can to postponepo or eliminate those elements that are so burden some,. o neil: all right, but you doo eno recognize that it say problem the way it is now? >> oh, absolutely. you would have to be blind toa and mute and dumb not to be able to see that see problem. among other things,. a pblem
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neil: nancy pelosi might be in that camp. because she does not think it is say problem, a lot of herh colleagues, who are run away from it should not.an >> who does not? >> nancy pelosi.,h >> oh, i don't know about her, she is from california. neil: by the way, would you ask for powers that democratic party to campaign for you. >> no, sir. neil: why not. >> i don't think i would want to damage obama's already failing polpopularity by speaking out fr him. o neil: how about he for stphu. >for you?>> i'm not interested t have a tough job here, not goino to be easy to win this electionb but i can win.oingbe and that is one of the reasons that i'm running. neil: you know, looking at whyt you do this at your age with all you have been through, prisonaty thing, and gubernatorial days you havshave you don't have to o
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dibut seems, like a -- i don'ti. know, governor, a souli cleanseing effort on your part?. you want to make a statement, what are you doing here?we >> first, i don't know anybodym running for public oflt that has toffice thathas to do it, you du public office if you need a jobd if you do that is poor running i've been in public life for 35 years, and been through the mill.t good, bad and indifferent. one thing about me, i don't have any skeletons in my closet they are out there walking around, for people to talk to.eton neil: thank you, governor, theyg are out there walking around, thank you very much. >> all right, neil, good luck. neil: all right,.t. >> brace yourself, i am not done with this personalbrc accountibility thing, take europe, please.itot j get this they are now blaming uw for missing what this guy was ba
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doing on his border.w but, are they closer to his border? sudden he like their neighbor?ni putin is our fault. we should have known what he was up to.ighbor? all of them close enough to seea what he was up to, and they blame us.ac and then, do not take me out to the ball games aree. 25 for this? even for me, even for me, i'mtw hungry, i love hot dogs but no.t you will not get the financial factor paying for that factor. ...return on investment wall isn't a street... isn't the only return i'm looking forward to... for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college.
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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 we asked people a question, 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.
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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
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of lot of young people 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. thit's not the "limit yoursh hard earned cash back" card . it's not the "confused by rotating categories" card. it's the no-category-gaming, no-look-passing, clear-the-lane-i'm- going-up-strong, backboard-breaking, cash back card. this is the quicksilver cash back card from capital one. unlimited 1.5% casback on every purchase, every single day.
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i'll ask again... what's in your wallet? predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.
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so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... [ thump ] to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. personalized coverage and savings. all the things humans need to make our world a little less imperfect. call... and ask about all the ways you could save. liberty mutual insurance. responsibility. what's your policy? 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 happeng 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 thekraine 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 a question then set off the debate.
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so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke.
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some are wondering what is theen deal with my obsession withlly governor spending.an -- government spending. you are among those bone heads, as any regular bone head viewer of this show will tell you i have followed this deficit spending for years under republican and democratic rubli presidents alike. an >> i guess that makes moo a faio and balanceed bone head, bone fd head.lanced b >> as too whether viewers wouldt rather watch me or have a colonoscopy, paul writes, neil, i sleep through both. good to know. and i have had both, get equally
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high. just don't have to drink that nasty prep stuff to watch you. so there is a benefit, i guess. how would one really know the difference? i would never put you in a compromising position. this one. i all always pick you. >> and bob, the colonoscopy it would at least be useful. i love your show but i'm overdue. sandy, i just started watching and love you, i'm guessing, you seem to say is more than a colonoscopy. debra tweets, intelligence people do not watch fox. debra, you must be watching me to write so either you are an idiot or someone who loves colonoscopy.
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i realizeed i was not getting. all the news. now i can form my own opinion. i win over colons os colons on . >> john, tweets, if they want to give us free phones, healthcare, housing food, and et cetera, does this surprise anyone? no. what proof do we have going to college is making anyone skilled and educated. and there are worse ways to spend tax money, i would rather have it go to people seeking an education than a welfare check.. not a bad points. not a good idea. still another, neil, bracket segment on your show was clever, who gave you the idea? nice way to hook viewers in. we have a rule of thumb all wonderful things on the show are my ideas, all the stuff that is
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not, that is my staff's idea. is a $2he story of the arizona diamondbacks writing a $25 hot dog. willie tweets, thanks for reminding me why i have not been to a mlb game in years. there will be people who will be stupid enough to pay that likat. amount, then elaine. what is the deal with calling this segment, what's the deal, do you have to start each e-mail or tweet is the words what a's the deal, that is stop edso what is the deal -- stupid, so what is the deal. how can i put that in rightt's words? what is the deal with you asking e us what is the deal to write what is the deal, so, i mean, what is the deal, i have no idea. neither do you. it was a good e-mail.
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no one knew what you were talking about. keep them coming. see you tomorrow. >> i love that we live in a chaotic time, republicans, out fighting each other, and hillary trying to bow out of a race she never eneer entered. when a porn star from duke becomes the voice of reason, you know we're living in a special age, we don't know what is going to happen next. i do know, odd factions. silence voices are rising up and demanding freedoms. it scares the garders off of those in powers. both parties are shaking in their shoes. this is "the
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