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tv   Cavuto  FOX Business  March 20, 2014 11:00pm-12:01am EDT

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see you back here tomorrow. ♪ ♪ neil: hooted of spy next door with your pharmacist. if i bet this privacy thing gets weirder and weirder. the large pharmacy chains getting to a close and personal. specifically newly remodeled stores not only get your pharmacist out from the counter but your medical history and here's how they could do it. by talking this phase of you in the living room like setting about prescriptions.
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walgreens gets into a lot more than what kills you are taking. including how long you have been taking it and how many doctors are prescribing them in the pharmacist collate the contracts it and finally shares. the department of health and human services, the very folks was lost on all of this. they are the ones paying hold the phone on this. it's like they created a frankenstein. and it's the latest monster to mess with privacy and the nsa having tens of millions of americans phones and e-mail records are doing they will keep us safe. including those that never leave us alone so they can find a in any crowd anytime. all done for us in all going
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after us. because here's my argument, i don't think that they are here to help. i think that they are here to leave us helpless and we have every prescription if only there were pills make them all go away victor, thank you for joining us. >> will do what you want, what the nsa do what they want to do, eric snowden, a lead up to hide here. >> the only thing that i haven't a drugstore in is not all of the
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information behind a counter but the person that creeps up behind her and that's more annoying than any privacy issue. and joe is being kind of decent about this and i don't think it's an issue that we have something to hide. slowly creep as much as we can into this several breaches of have a violation and 80% of the customers in the store can see that information and that is a problem.
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and this is a problem that is really convenient. a lot of this stuff in these technologies have been sold as a convenience and something that makes a better. what do you think? >> i think you have to ask yourself what could possibly go wrong. how could someone get hold of your medical records and do something to hurt you like an attorney that is doing litigation against you and we never know where that information and up and what it can hurt you and once the bell has been wrong, you can't unring it. >> you're saying it's easier now? >> it's easier than the lawsuits more and more. >> we live in a whole different world and the government has to look at every possible way. it's hard to argue on fox news.
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have judge napolitano on an and we'll try to talk to me about this. but in these times you have to open everything up and we have to sacrifice its. >> this. >> you find it odd that none of these search and destroy missions found this for the rest of clue in the ukraine? none of them? >> i'm beginning to say that this is part of it. and i think you have to open yourself up and they are not just stopping this. >> i appreciate what you're saying. but i don't like something they hold under the guise that is for your own good. that's what i fear because i am sure that there's a happy line and medium between excessively searching and then going crazy following going into a drug
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store. >> it doesn't matter what day and age that we are in. we are americans and in this country we have a constitution and the right to privacy. your health care is her most intimate setting we are americans and we have a right to privacy and that information is very intimate to every last one of us. neil: my worry is that this health care lies a good example. saying that we created a monster but we want to use bob you and now we're finding that that might not have been the shrewdest move.
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>> we are going to protect the privacy. >> but look at joe. open it up. >> what can they possibly find out? babel find out the prescription i'm taking. >> i really don't care. it's me and my personality, you talk about it. but in the realm of safety i don't think that you can just say, oh, we can stop looking at people because then i think we're going to have a problem. i honestly believe that. >> i just don't understand what that has to do i really don't know if it's a matter of the government knowing what prescriptions are taking.
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but the issue here is other people and neighbors and friends finding this out. >> up my worry. but there's so much in so much prevalent. >> you're right about that. neil: in the meanwhile you can say they're not trying. >> the point is that a lot of young people think they are invincible. >> a lot of young people think they are invincible. >> did you say invisible? ♪
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teaming up with starbucks to make your own teeth. in oprah chatty. this gave me a great idea right here right now. i am debuting my own drink. it is not at sea. i am going to bring you the very first look at the cavuto fitness muscles shake. this shape has recovered from profits to protein. a problem, you ain't got nothing on this. you can tweet your reaction. , as you can see. we will talk later. this health care surprise, young people refusing to sign up to get the health care law. it is tailored for them, but a lot of them are balking at it. it has a lot to do with the way food is sold. a lot of people just aren't buying what they're saying. kate rogers went into the street to find out why a lot of young people are doing this. >> i kept hearing the same three
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things over and over again. i have coverage for my parents because i'm under age 26. i tried to sign up, but the website did not work. and there's a deadline coming up i did not know i had to enroll by that point. >> leave is the signing of for obamacare? >> it's an option. >> may be. not right now. >> i know that the time is running out. i believe i will. >> you tried once and were not able to. >> i sat and tried probably for two or three hours on the website. it was down the entire time. >> you say you have insurance already. >> i mean from what i was reading my insurance will go up by 30, 35%. that's unfair to people who have insurance. >> why are you not signing up? >> i can stay on my parents' insurance. >> uncovered currently under my parents' insurance. i will need to. >> as you can see, obamacare lets people stay on their parents' plan. a lot of this group were taking
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an option. they all had jobs where they could have gotten insurance from their employer but said that that was a cheaper option. neil: the argument is that eventually they will get on to this and the pace will pick up and it will see the wisdom of having this and the wisdom of not having to pay a penalty. are you hearing any of that? >> some of them told me they would consider getting on. but those that were considering enrolling did not know that the deadline was coming up by march 301st. that doesn't look too promising for the obama administration. neil: a want to bring you into this and get a sense. when you talk to a lot of people back and forth about whether you should be part of this cannot be part of this, what do you think call people back? at this point what is the big thing that is holding and people back? >> well, it is definitely cost. i have to certainly say that young people are not attracted to these ridiculous public relations stunts that the white house putting out there. this walmart madness thing, the president definitely fouled out
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in that regard. that was my little joke. neil: you won't believe. when they try to do this. sixteens we reasons why you want to sign up. i mean, we came up with our own bracket. sixteen reasons why you might not. the bottom line to your point is that no matter how you sell it, freeman, bracket it, a lot of this just feels that it is not worth it. what could make a change? twenty-seven and can be on the parents' policy? >> that need will -- that may be one of the things that changes their mind. when i said, did you see president obama? oh, yes. i saw that. it was so funny. did you know he was putting healthcare? i didn't realize that's what dallas-fort. i didn't realize that's why he was on there. i thought it was funny. they're getting a kick at of it, but it is not necessarily leading into enrollment page. that is when you're actually enrolled.
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neil: what is interesting, lot of people and computer issues and snafus, the administration argues much of those problems are gone now. there are better. they still hang on to that. in other words, if you burn people once they're more than twice shy. is that coming into the equation ? >> definitely a tech savvy generation. these millenniums, these coveted millenniums between the ages of 18 and 34. what we're seeing is only 25 percent of those that they need our actually enrolled. they need that 40% number which they will not hit by that march march 31st deadline. even american foundation polling is finding that after the president told a lie of the year by saying that if you like your health care plan you can keep it 68 percent of young people between the ages of 18 and 24 are now on favorable toward the president's showing a real distrust in government and the
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president himself. neil: that will be something to watch. there is a shift going on, people who look at the virtues of government and might not be thinking the same way. >> they may not be buying it. this tech rollout, we are a generation. we grew up on technology. you expected to work and function. the chances that you're going to go back and try again by lower and lower. a lot of people were turned off by that from the time i spent at there. neil: it's pretty obvious. thank you. in the meantime, toyota is paying a stiff billion. how is gm going -- hundred how is gm going -- hundred deathsso ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped
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♪ neil: well, look at what happened to toyota.
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can general motors be told if the same thing happened to it? well toyota fork over about 3 billion in settlements for five deaths linked to its recall cars, general motors could be liable for a lot more sense that these prosecutors are climbing 300 deaths are potentially linked to its recalled cars. now, we have to stress here potentially. but you start doing the math backwards and we will bring in liz macdonald and jean egg doors, co-counsel against toyota in its recall class-action suit. to you first. that is the matt a lot of people working with. whether it is a being 500 not. just extrapolating it out. it's going to be a lot more expensive. >> i certainly think that it will. there are so many factors. multiples of the numbers of deaths. unlike the toyota case gm is
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admitting there is problem. i don't have that burden, trying to prove what the barbel mess. i just have to ask a jury how much the debt is worth, how much a person's life is worth. we also have the additional facts of gm light about this for ten years, four different ceos to lawyers, judges and bankruptcy's. we did not have all of that with toyota. i think we are looking at multiples of billions of dollars to be assessed. they have at least admitted there was a problem. you know, it's like being a little bit pregnant. neil: deliberately deceitful. the question ongoing task, that is a ratio. that has to be numbing to gm. that could essentially make a bankrupt.
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>> it could certainly. here's why. the profit margin is so, so fan. it is really thin. gm has about $30 billion in cash and securities short term. here's the problem. it's sitting already on the balance sheets. wouldn't that be like taxpayers funding these payments? >> here is the thing. magellan makes a good point. it is a lawsuit over an. a slow drip of the news. gm is doing when the dressing. paying back cash rebates. putting in as safety executive. when you see all the fellows like your showing now with the 29 year-old nurse who was killed from hydroplaning in one of these cars. wait a second. the news that's coming out now
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right now is what will gm do? will they try to consolidate these cases and say a favorable court or will it be put out to dry before a texas jury who is more prone to giving a big may go toward favoring the plaintiff ? neil: here is one thing that's what lawyers like to remind me of. this is a bankrupt entity. it came out of bankruptcy. whatever the problems, they were pre new gm. legal case and president. you're saying that all over the executives who were there other for the new company including a woman who is now running the new company, but is that going goldwater? give gm tries it what you do? >> it's certainly going to be a battle if they don't want to fess up and do the right thing. there are legal grounds and provisions to set aside for the release of liability that you get through bankruptcy.
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if i our other lawyers are able to show they knowingly defrauded the court, they knew they had these problems and were using that bankruptcy to try to rid themselves of those potential claims to my have good legal grounds to ask a court. neil: the time, going through and getting rusty. the claims. >> that's true. it would be up fiasco to say fight as a bankruptcy court. that is up pr fiasco. neil: they come back and say wait a minute. this bill is essentially on me. they're saying, yeah, this goes back ten years. we take responsibility. it is either one of the other. take responsibility. an important loss it just popped up. essentially saying gm defrauded and basically conceal the problem with the safety defects for years. gm covered it up and did not tell the federal government or
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consumers. neil: we will watch very closely thank you. in the meantime, forget about president obama promising more sanctions against russia. focus instead on what putin is telling some russian nationals in estonia. the national geographic just reach for a map. they might want to keep up their sharpies. i think this guy is not done drawing. ♪ in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com
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neil: all right, i hate to be rude. but i'm watching the president make a grand announcement outside of the white house, talking about tough new sanctions against russia i am thinking blah, blah. here we go again. and russia says, woe, diplomat
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to u.n. saying, russia's concerned by steps taken in this regard ines estesest -- estonial as ukraine, this is not one and done. >> not at all. neil: i'm worried. what do you make of it. >> we're looking at a recognition by russia and probably the world what is coming out from white house in way of sanctions are diplomatic flaflatulence. there is no effect, putin and the russians are making fun of obama. president believes what he says is having some effect, it is not. neil: how do you know then? everyone has a posture, putin
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will say, this does not affect me will not hurt me. and i can do what i want, but history of sanctions once they are implemented they may take a while to register, is it putin's sense they won't last. >> looking at substance, flying restricts on a half dozen russian senior diplomats and government officials. big deal. if you want sanctions that change the course of russia, sanction their banks, they cannot conduct, through our banks system, that will put them flat on their butts for a while. neil: but that puts us flat on our butt too. they lot of bankers have said, don't go too crazy here. >> problem is that bankers are always going to say that wall street will say that, and
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industry will, to some degree they are right, but some points have you say we've gone too far, you look at estonia, maybe georgia, russia big but putin is walk and chew gum at the same time. neil: you don't think it is one and done. 'asit is more? >> i think so, he can take his time, he has been given an open long distance. license -- license, we're making wrong signals, europe is really very nervous right now. they don't want to do anything that will disrupt the flow of gas through ukraine to them, they are scared to death of making a nasty remark about putin. light now i'm sure that putin saying if you talk about opraha
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thai and your health shake, putin will be pouring. neil: my shake will out sell all of the above combineed. but, i can talk that to you, you are on remote, secretary, always a pleasure, i appreciate it. >> thank you very much. neil: what semiconductor important to you -- about what what is more important to you, the battle throwing you, the taxpayer, under the
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neil: everybody on the bus, members of team obama hitting the road pushing for a higher men mihminimum wage. our debt is driving all of us young, old and everyone in between off a cliff. former u.s. controller said all of these folks are getting on the wrong bus. david, good to have you back. >> good to be back.
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neil: i say people are pushing for a higher minimum wage, what is important is financial stability of our country. all a moot points what you make at a restaurant or retailer. >> their bus tour is different from mine, the one that i went on was fact based. designed to tell the truth. and to come up with solutions that could get bipartisan support. this is an ide idealogical popus movement that ignores eric s economic real taoerbrety, you en up havie people make more money, and having quite a few losing their job. we're already have a problem with regard to jobs, we need to focus to the disease, not populous sensement. neil: but that sentiment that
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gets in the way of sending a cogent message, i would be in if you want to do both, take the same bus. but they are taking that scooby doo bus or van that i -- when we were in wisconsin, all peach pushing for something without costing it out, reality is a bunch of clueless people who don't understand, if you don't address our nation's debt, everything else just staves. >> it is not just the budget, we have to address our educational system. if people have decent skills and knowledge they are not going to have to worry about minimum wage. people need to make a decent wage, but, you know, they have to make what they are worth. we should look at increaseing earned income tax cred 8 rather than a dramatic increase in
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minimum wage, but we have to couple it with tougher enforcement. there is huge abuse there, we have to put our finances in order or this is not going to matter, including gm issue, government motorist corporation, you know, fact is that all that is a circle. and all interrelated and we need to recognize that reality. neil: i think some are, i hear clair mccas kel saying we have a problem and this 17 u 17 plus trillion debt is geting to be a problem. >> i do think we have to be careful about trying to make the federal government the answer to everything, it going to get us in a position we're not a first -- nation any more if we're not swallowed up by the debt. neil: almost sounds like you. >> she was state auditor for
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state of missouri, she knows something about numbers, u.s. government has grown too big, promiseed too much and needs to restructure, we're moving toward socialism, that is not what this country was founded on. not what it is going to take to keep us great and have a be betr future for futear generations. neil: thank you very much david walker, how is it janet yellen just answers a question, she is shrine miley cyrus, you would think that way that wall street is ripping, janet is the one twerking. i cannot let this stand it's a growing trend in business: do more with less with ss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy.
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neil: in tonight's biz blitz, i swear, bankers, investors are blitzed, calling yellen's first comment, federal reserve chairman that rattleed the marketed, she answered this question. >> this is the kind of term hard to define but, you know, probably means something on the order of around 6 months that type of thing. bubut-- >> when would she move on rates, if at all, she said that, many knew it was coming. she just foolishly got more specific which i'm told is a no-no for a central banker, they
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prefer vague. you would think she pulled a miley cyrus and started twerking her message. ridiculous. she cannot twerk. join us, this is stupid. >> you know, ben bernanke has talked about rates before, he said a couple of meetings, that called flurry in press in 2011, he went back and layered with caveat, there was a little bit of reaction, but team these bankers, they do it, but they learn. neil: you know, here is what worries me, she is -- i can't say anything. any time i talk to the press. i am not saying anything. i am peeking in vague terms, peace i is wonderful, i want to cure-all known diseases.
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>> wall street molded her into great vague machine. >> she will be talking about headwinds, game over. >> investors like the grade powerful oz, they don't know what they are doing. neil: oz was just a little person behind a curtain. >> i know. we're like every inch of emergeing markets were tanking and bond market on how vague it was. she backed off that, now a vagueer whatever. i think she is trying to reph-f them from a situation -- remove them from the situation so we're not on the edge of the world every time we take. neil: i think she is saying we're getting closer to the levels my predecessor said, maybe we should and could change things.
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i think she was fairly guarded, general and fairly vague in this respect, which you would think would be their cup of tea. >> i don't think the problem is what she says or does not say or fed needs to revert back to cryptic blather they are used to. the question is, why does federal reserve have the power tto --ed the ad hoc power to mae dart throwing tactics, we need a federal reserve that adheres to taylor rules, if inflation rises 1% then interest rates should rise. i think that fed -- >> the markets, they understand. you know, to the points you knew levels which they would actor get closer to acting, jonus mentioned 6.5% unemployment.
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we know enough, where they stand and get them off the dime. so why is this such a shock? and so earth shattering when she reminds them we're getting close? >> we don't know, they moved target. that is the problem with articulation of policy. neil: we might as well have miley cyrus doing the press conferences, which would not be an awful thing by the way, switching gears, talking about something that is not about turkey. have -- twerking, this week, apple quietly making ipad for low-cost tablet benchmark, all of you the school down the bench. if this counts as news, count a lot of apple die hard fans, are done, they are out they had it
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with teases of what is to come. that apple's core leaves the store? >> right, i think they their apple is reshuffleing everything, they are getting ready to launch several products, tim cook promising many different products. neil: he has to do it. >> you have to do it looking at this week, google has an trade software for -- and road android smart wear for watches, they have a lot to show, as months tick by we're getting into end of march, a third of the year is gone. neil: i am wondering if they are losing an opportunity. >> some day they will launch a new ipad, no one will care, the product every year get more commented on fied -- commodity commodity. >> ipad and phone will run out
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of room to get better, they will be marginal improvements. at that points, we're near that points, they need a new product that is exciteing as these, maybe it is the wit wear able wh thing or project or tv. neil: people used to discredit steve jobs in the old days. wait for better stuff, will they do that? >> i think they will apple holes the promise of exciteing new technology. the stock has been in a very tight range with a bit of a cap, this is not a news events of shuffleing of deck chairs. you should be shuffleing the deck. this is not a big deal for us, wait until second half the year we're going to bang out in product. neil: does that mean badg bang p product?
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>> they are run ofing out of time. >> i think that holiday season we'll see something, they can't wait this long, and after a promise from the -- >> or own gravitas, thinking we're all that. >> their current business is great, but the growth has to come from a new product. people have to want, because that google glass thing is cool but no rob reall cob really tea. neil: when they start using milemiley cyrus to hawk it, game over. >> thank you. >> a hot mom will not apologiz for being hot. fascinating developments next. so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things."
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neil: you know a lot of you want to know what is the deal with a lot of our leaders pointing their fingers, gm ceo apologizes for the ignition issues but not taking responsibility. and president regrets health carrol out but -- health care role out, and just as quickly blames the republicans for the mess. this is insulting, i ask, what is the deal with the nonstop blame game? you are right, neil, we should not only be asking what is the deal with the leaders but why are they still leaders. david, neil, my dad used to say, if you can't own up for your mistakes you will end up making more of them. my dad said, neil stay humble in your case it will come in handy. when you are not too proud to say you goofed, you will not look as much as a goof.
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mike, said, best part of your show, you hit home in a quick and personal way. i try to keep it real, mike. patrick awhat is the deal with your painting all of these guys with the same brush, is there any leader you admire? do you moon alive? -- do you mean alive? i'll get back to you. neil, you do not look overweight to me, but i do have glasses. okay. and jim, neil, please, quit interrupting your guests mid thought, if you think their insights and opinions are relevant that you inviteed them on your program, what they say is important enough to listen to, done your mother ever explain the meaning of word rude. and your mother did she till you to make sure you get to the points, if they wonder off i have to bring them back.
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and i am disturbed by e-mail you read, you treat everyone with respect, and if you disagree your opinion is well thought out and very respectful of the other person. and jack. chanted my name. cavuto. -- anyway, arizona diamondbacks 25 dollar corn dog, i said woe. go home, neil, you are drunk, at least call it a st-rbt specialtt dog. quit using twitter as a hash tag -- if i knew what that meant i would get back to you. you and your people are right on is what going on. watching yellen, i feel like playing bingo. not sure what you mean. but i guess like, money bingo? anyway. on my concerns in facebook going too far with our faces.
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you are woreed about facebook photos and privacy. you are on tv every day! and a lot of you still complaining about last week's interview with that hot facebook mom. remember this. >> you got a lot of angry moms what were you saying. >> any family should make their health a priority, i want to encourage and educate. i do not believe in the word lazy, i believe that people are not motivated. neil: i think the way that you talked to maria was be on obnoxious, you were as bad as the iny yththe insecuremoms complaining. you should be ashameed. >> and finally, i likeed how you patronize maria. not.
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lost a viewer today. and with my interview on tiki barber. >> the redskins fans they are not going to be impressed if takey barber says -- tiki barber says get health care. >> i think that is why the obama administration is going for higher end team agnostic-type players people don't understand it, it complicateed. neil: pro athletes are expert in government, medicine or insurance. those athletes don't have to worry, they are th the 1% who cn buy their way to health, they are part of obama's inequalty. my issue with these athletes, is that if it takes an athlete to make you move on buying he'll carry, there might be an issue with you, i say that about hollywood stars, and big celebrities push anything product. if you can't buy it on face value, then no athlete or super
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star will make do you it, unless, i were promoteing it ponderosa has come to me many john: springtime. you know what that means. >> what really needs cleaning is government. they over flow with stuff we should throw out, corporate welfare. that should not exist. education, spending there should not be a federal education department. we don't need that. locally. >> more money. more money. >> government is crammed with expensive stuff we don't need, much does harm like marm subsidies. -- farm subsidies. it distorts food

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