tv Cavuto FOX Business March 31, 2014 11:00pm-12:01am EDT
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world. korean peninsula, some fear that it could be a nearly month-long through a search. and the u.n. is worrying about climate change. i would be focusing on all of this other change. because it is isn't about global warming. this is about a globe on fire and a lot of nations getting increasingly fiery in their rhetoric. and this includes the war that we are constantly on the brink on. >> instance of a critical
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weakness we found out several years ago. in the analogy is if you drink two bottles of scotch, eat wrong and gamble at night, by the time you see the results of what you have done, it's too late to try to do something. you have to live with the results. and we are living with the results and people are filling that out. neil: one of them approached the importance of climate change. and i would tell you that i don't care what your views are on climate change. we have a few more urgent issues for the time being. hey dash would use is what was
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done the last six years is like they are is more of us out there every day. and when they break out in ukraine, the administration says what can we do. >> i think that what worries me is that there is a global indifference and that would be the so-called rational part of the globe where we turn a blind eye to these crises and blow each other up or even threaten to blow each other up. when we discuss the concerns about ukraine and the european union, we just turn the other way and say let's go back to our comfort zone of climate change or whatever. >> i think that that is absolutely right. i mean, we have to say look, you
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get everyone's attention going. and in the meantime there are major crises that are happening around the world and you are not going to be able to make that go away. and we say au contraire. these are issues to get peole hurt and wars start from this kind of miscalculation. neil: so these are all hotspots are getting hotter and so the
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tensions between them exacerbate that. >> we look at china, we have territorial ambitions that we didn't see six years ago. and now we will let the border of the trans-atlantic community and we've never seen instability like this. nonsense cozumel and bosnia. and then with latin america, there is literally a war with the free-market states. that wasn't there just six years ago. and you're right. and you can deal with a crisis and that is how 1914 happen. >> i wondered about that. do you worry about that? >> welcome a we are approaching five months from now.
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and there are lessons in history that some people have not taken to heart. including the old song about those who fail to understand history wind up repeating it. so during the cold war we have a huge structure and it was very expensive and the policy was containment. so it includes terrorism or anything. at the same time you decimate the structure. neil: secretary of state john kerry saying we have a great deal of cost. is he referring to russia? north korea? or the middle east.
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the one i heard that secretary of state john kerry warned about the cost of this is catastrophic. but it turns out he was referring to climate change. i don't know about you, but i can think of a few other crisis the that happen at the moment and so can my next guest. and former spokesperson mercedes welcome. >> i don't think so. yes, they sent climate change was the largest weapon of mass disruption. but he fails to acknowledge the fact that you have countries like north korea that are looking to build and deliver nuclear weapons. he is also ignoring the fact that you have more countries that have nuclear weapons in their hands and there's a greater likelihood that terrorists have a chance to acquire them as well.
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so we have a lot of these very big issues going on that i think that the secretary is on the wrong track. >> do they figure this is indisputable proof that this is a real and vibrant threat and if we don't address it we are all going to die. >> they are warning of human extinction if we don't act now. floods and droughts and hurricanes. it's easy to predict something when you know your voice had in the past. but the only way to save it, this is what john kerry believes, it is central planning. we need u.n. treaties, carbon taxes, global emissions tax. calling it the four horsemen of the apocalypse and john kerry is seeking a political legacy.
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"the new york times" profiled him last fall and said that he has been a climate policy for decades and next year in paris they are going to urge president obama's assignment and i think that will be a reality. and they are looking at the u.s. committing based on this climate report. >> there are some pressing problems and then there is the weakest global recovery that we had on record. to deal with this problem and you would risk putting them back into a recession. >> that is right. when you look at what americans care about, only 24% of americans believed that they were worried about climate change. the top ranking issues where the economy and federal spending.
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>> it's important that you should be aware of this. and that is clearly the message that you're gettand elsewhere. and you're against reality. >> the reality is that they came out with their report and they are saying, well, the rate of warming is actually older than we thought. and they are growing, they are not shrinking. so they actually admit to the fact that their computers are being exaggerated. they had a greater numbers in terms of the effects of carbon emissions. so the fact that secretary john kerry says he's going to be a warrior for climate change, i just think that there are so many other pressing issues that we need to be concerned about. one being terrorism and the second being nuclear weapons fall into the wrong hands and not be so we have other threat like iran and russia and north
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korea. neil: mark, where is this going? >> it's hard to say. but in 2009 officials predicted what the next report will look like. they said they would make it so alarming that the world will have to act. it's nothing more than predetermine science. government does these reports and then when reality scares people they make three predictions of the future and in fates say it's worse than what we thought because her predictions are scarier. this is going nowhere. the public doesn't care. this is by the new york times and this is a boring report there. they are itching today because it is a bunch of scary scenarios. so again, many in the past have walked away.
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neil: loyalty with backers backing away from this automaker and i mean far away. delphi automotive saying they knew they had problems with these infamous admission switches. even warning to young about them repeatedly. and then there are gm engineers who similarly said that their warnings went unheeded. and joan clayborne said you could have a big problem that just gets bigger. of course, the former head of the national highway traffic safety demonstration. she was among the first to say that gm had a problem on its hands in this pr issue would not
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go away. so you prove the pressing it right. so what can we expect from hearing tomorrow that will feature an apologetic gm ceo saying that she regrets what happened but isn't yet quite ready to say that she takes full responsibility for what happened. what do you make of what is at stake here? >> i don't think she can answer any specific questions. i don't think that she is deeply involved in the details and she probably hasn't gotten briefed on them. so this hearing is really just for her to appear and say that she's very and that she's going to try to make it right. but i think that there are other questions that should be asked here. for example when gm was bailed out come on people who are had access in july 2009, they are not able to get compensation if they were injured or killed by this defective series of cards. so she should be asked whether
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or not she would pay this. >> we have a question here as well. so technically she would not be responsible. but all those executives there now will carry much weight. >> i think that it will be interesting. i hope that she says yes but they will compensate them. because they were confronted, essentially. and in addition i think that she should be asked about this unvarnished report that was commissioned from a law firm and king and spalding has been one of the litigators and against these consumers that have been harmed and they agreed to these orders which kept everything secret. >> so they are not exactly unbiased when i. >> no, they are not unbiased. and i think she ought to allow the consumers to make public all
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the information that they have secured, even though they agreed to keep it secret. but that was before that they knew it but this was something that general motors had covered up. >> so where are the regulators kicking and? should other government agencies have no more with what was going on. should they have been able to connect the dots of individual lawsuits that were already fire with and then made aware that maybe it was a systemic problem on gm's hands? >> they certainly should have. and in september 2007 the office of enforcement inside, they made a recommendation that they open an investigation and they were overruled. they did that again in 2010 and were overruled and. >> do you know why? or they just not there at the
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time? >> the answer is that they said they didn't have enough data and information, which is ridiculous. they do not need to have dead bodies or have them say there is a technical problem here. it looks like a design defect, let's take a look at it. they don't need that. the law and the regulations do not require that. so that is amazing but they are using this excuse. i think they ought to be grilled on that. >> this is more of a legal question. neil: so with bankruptcy law, they should take claims that this is part of the old gm. but others argue that they can make good on that they could bankrupt the company. you agree with that, and is not a legitimate fear? >> i don't think it could bankrupt the company. but the consumer groups have written a letter suggesting an alternative, which is that gm
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set up a 1 billion-dollar fund nk people out of back so that the limits of how much they would allocate, i think that would take care of what they would do and i think the more important issue is i think this company will survive this. but the more important issue is whether or not there's going to be criminal enforcement of the general motors this behavior. and whether or not the people that stop this investigation will have some kind of penalty applied to them. and i think that there will be criminal sanctions here. but no one was put into jail. i think until someone is put into jail in these companies, that they're never going to get the message that they cannot behave this way and harmed the public. neil: good for you. joan clayborne. she was on top of this and the severity of this one with or
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anyone else. in the meantime, head of the hearings we do want to hear from you. let me know what you think of this whole recall process and it does bankrupt the company or whether or not it even matters but there is a responsibility to look after folks. whether you're protected by the government or not protected by the government, you have an obligation to your customers to do the right thing. meanwhile, ahead of what could be some very unpleasant surprises, a very pleasant surprise from the white house. they're ready to release some enrollment numbers tomorrow that will blow everyone away. it'll make you wonder if they are real. critics are saying that they are not. meet the guy that says the
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>> just hours ago waiting to find out if obamacare is a go. health care act is a head and with more than 6 million americans likely enrolled, so david, welcome. it's always good to have you. and i think even on the same day there is an extension for another couple of weeks. one of them asked how successful it is so they can keep moving the deadline? >> what is happening now is they have to sign-up without paying a penalty. because the website has been flooded with people and with the administration announced last week is that anyone who had started the enrollment process by midnight tonight would not be penalized for the mandate. so the very specific and very limited duration.
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>> but all you have to do is check off a box. is that right? so you can buy yourself some time. >> there will then be a day in which you have to finish it. but this is just trying to make sure the people who really want to enroll in for some reason can't because the website is crowded, they will not he penalized because they were not able to do it by midnight tonight. neil: won't that match the demand and the administration can turn around and say we have all of these people wind up when in fact that might not really be the case and the reason for it may not be what they think. >> most everyone has completed the sign-up through the entire process and most people are paying. neil: a lot of these folks are not paying. and not checking out.
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>> the estimatefrom the insurance company coming in over the past couple of weeks suggest that most people are paying roughly as much as when they sign-up through an employer policy. but it seems to be about this same thing. neil: i'm sure you heard senator tom coburn say the vast majority of enrollees are re-enrolling in insurance with no brain achievement particularly when many of those customers were forced to give up land that they like. what you think of that? >> a couple of things. number one is the best data that we have and they are suggesting that there are a number of people who were previously uninsured to the uninsured rate goes down. and a lot of those people who are switching over our people who would've moved into moving in and out of private insurance.
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>> of the numbers that you think that we will see, what did you say, 80%? because to hear republicans tell it, it is nowhere approaching him. >> the best is that we have is that the uninsured rate from the end of last year through early march ofthis year, not even affecting last couple of weeks is down about two to 3%. 300 million people and that is about 69 million people who have now been recovered. neil: how does that work with the millions that are paying a lot more for coverage of they already had. >> that is the net increase. so that reflects all of the people who moved. neil: so the net increase is what? >> our best guess so far is that the percentage of the population is down about two to 3%.
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neil: all right, but we have 45 million or thereabouts. so i'm told when this whole thing is done we will still have 30 million best case scenario. so do you ever think that we did all this to make sure that everyone was insured and we will still have 30 million plus? sumac testaments from the cbo without reform we would have had about 50 million people the uninsured and then with reform we will have about 20 million people and a good share of those 20 million people are people who are in the country illegally. so they are not eligible for any of the subsidies. neil: when we were talking about those, we were mentioning those over here illegally. now that seems to be that of
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honor. >> 90% of the population will be covered. and that is better than say 80 to 85%, which is where we are. >> you probably know these better than i do. you can go to the gallup poll, "the new york times" from any one of these organizations. people are frustrated and i don't think it was worth the effort. you think that many don't like it and disapprove of it and regret it? >> roughly about half the people are not positive but they're also a little bit uncertain.
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as people get coverage and use it, they will either be happy or unhappy. neil: you hope that they will eventually get to be happy? >> yes. at the same thing that happened with every program when businesses offer something new or in medicare part he, the drug benefit. it always takes people a while to decide if they like it or not. >> i could jump in and pick up a samsung device. >> correct. you can decide not to get covered or you can get covered in a different way. or you can pay a penalty. so what people have discovered is that they can get better care cheaper. neil: we will watch it closely. thank you very much. all right, when bill clinton says that the president has says that the president has surrendered to the wo when folks in the lower 48 think about what they get from alaska,
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they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produce more from existing wells, we need advanced technology. that means hi-tech jobs in california and colorado. the oil moves through one of the world's largest pipelines. maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers. some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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neil: the country that has given up on the internet. governing the internet. some say they are taking the internet rain and watch out if china and russia are calling the shots. to a guy that has a lot at stake in this title. because the world wide web is moving beyond that sphere. so what could be the next big wave? sumac adult entertainment site. neil: okay. this or that with the.. it's good to have you, sir. >> thank you for having me.
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neil: to what you think? >> i understand though clinton's position. u.s. government has done a sterling job in what i would refer to as the oversight since it's been created. although i think what is happening is that americans are not really giving up control but it is a clerical function that they are talking about. neil: i think that what bill clinton was talking about is that we are in the wrong hands and there's a lot about stuff to be done. >> absolutely. any outside body can be subject to capture as he said by countries that don't have the same free expression rights. youtube was taken on a turkey. twitter was last week. and indeed, i think this is why it is getting completed. the governments in their own territories and what they want.
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neil: you don't argue that this makes it easier? two now. but what it does do is just takes it off the kill switch of the internet and i cannot handle a country like china or russia wouldn't like america being able to switch their internet at the push of a button. >> but the internet, it's sort of like the early days had a lot of prefixes with phone numbers. and i think that is what is happening with the internet. >> yes, absolutely. they're bringing out new taxes to allow them to get short or more meaningful things. neil: so are these only a dull places to go or not. >> no, you could own a flower shop in new york and get a
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florist address. the one that could really upset the balance. >> no, i think that that is what we are trying to do is not mislead people. the one in your case, what am i getting or not. >> the difference with the sizes that we virus can and we insert technology that allows people who want to avoid the content. neil: are there any existing site that now dear to your suffix? >> sure, we have 200,000 names so yes, absolutely. neil: how do you get your money than? >> well, it's like inground registration fee they pay every year. neil: do you worry that people get confused? >> there will be confusion and any change brings confusion. but in three to five years and i think people will look at the internet in a different way and
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you'll go to a domain that is exactly what it's supposed to mean. neil: so you will know exactly what you're getting and by that definition can match these suffixes? >> people can. people will be open to buy whatever they want. we have restrictions on who can buy these names and who can't. and they have to confirm that they are members of the adult entertainment community. neil: but how would you know that? versus someone that wants to latch onto something that's popular two it is something that people can do. many years ago there was a lot of his cybersquatting and we were kind of concerned about that. >> do think that we will be popular down the road? >> yeah. there are now more policies.
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neil: have stocks barely move this year? maybe the story is that why the quarter was so dull for the market, but maybe the story is why it wasn't so so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that.
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quarter? barely budging in the first three months of this year. everyone thought after last year's heady dances stocks of get knocked upside the head. and so we really want to know why it didn't end up happening until here to answer that engage what is coming up in the next order or for the rest of the year and how it does for stocks, gary kaltbaum and jack shepard. >> i guess what it is is a continued sense of uncertainty. one of the murkiest go forward environments that we've been in. major unrest on the world front. major hostility towards business coming out of the white house. they get it set against the background of this technological powerful way that makes the economy and corporations more and more efficient. i think what you have become a stalemate. neil: had it not been for these
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practices, that is what kept the markets sanguine. if everything is going to hell in a handbasket, could that have been part of a? >> well, i think it's nothing but good news at the juncture that we didn't get hit in the quarter because we had such a great 14 month run since november 16. so it's actually normal to even market here and the fact that we didn't get hit harder with them other things going on is good news. so the way that i look at it, janet yellen was talking about how the economy was weaker. the job market was weaker than what they thought. so i think that that is what the market has been doing. the b-so i think that that is we market has been doing. the backdrop of that. and just recently europe's market had been also part of this. and they have it covered. so i think that is what it's all about and that's what it will be about moving forward we will not
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like their market thing like the nicotine, as long as verisign and we are going to keep providing a. >> i look at this historically in time frames before when markets had done nothing in the first quarter and what happens relatively after that, there's no correlation is whether it was the up or down for the rest of the year. when looking at this from an investors in point and they need to be concerned with what they should be doing right now. we want does the rest look like? >> i think that investors should look at a lifetime. so for me i think investors are looking at here right now. i think that my advice to them is that they need to deal the fear and invest anyway. either long-term, they need equities and capitalism. they need the rings for the american dream.
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>> but maybe not from this part to start. >> i think that that is an issue. we are coming up on six years of an economic engine that has been fundamentally in the ditch. and the question is i would be looking at what the prospects are and that means that the hostility will at least be blocking the progress. >> i hope does spring eternal. what do you think that they are is a fear that the longer that we go without an official correction, we got close a
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couple times, in and of itself, that is worried on that unhealthy development. >> my biggest fear is that what they are doing has prevented corrections, even a 10% correction so that it may be worse than what is expected. as i have written and have talked about before, my biggest worry is speculation in the ipo coming out, that is a worry that it's five years after the rally or this is going on, which will lead to a bearish phase of unknown quantity in time. but so far the market is hanging in there. even with this the last few weeks, rotating the other areas. so it's still good. we want gentlemen, thank you so much. meanwhile, gnb being on the spot like mom. i'm wondering whether this
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[ shirley ] edwa jones. this is shirley eaking. homay i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪ it's how edward jones makes sense of investing. peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. you are gonna need a wingman. and my cash back keeps the party going.
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>> that is simply untrue. lies distorted by republicans to grab the headlines for political advertisements. neil: what is the deal with that. terry reed says he doesn't recall saying anything nasty about republicans. we provided 20 of examples where we did. i heard that marijuana helps with memory loss. somebody please give him a join. and he may not be a fan of the 1%. he says that they should be paying more and some are
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arrogant jerks finally, someone achieving a lifestyle that they enjoy. seizing my point that it can go too far. i'm all for the 1%. in fact, i am one of them. but it's not about posting what you do with your money. it is about showing your about more than money. if memory serves me right, a certain financial aid for wrote a whole book about it. and it is worth pointing out as well but that is what became a "new york times" best seller. so the fact of the matter is that a lot of folks with all economic strikes you who define success by what you are and not who you are and how much you have. anything that there's nothing we can do about russia? you would think that we were the ones put into a corner and not russia. but there's lots we can do,
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including joint military exercises with ukraine and there are two cruises into the black sea. this will not impact the economy in europe but with rent and the russian economy big-time. you people need to get out more. well, you're probably right on that. so please explain how distinctions will stop. well, the stronger ones outside the country mean the very rich russians and looting vladimir putin and a whole bunch of others are buddies and they can't get their hands on the money. so limiting their transaction does come after a wild, limit their actions because it's all about strong sanctions. but they have to be really strong. even if it risks bringing including losing valuable natural gas shipments from russia. let me be clear on this. russia has a lot more to lose economically than we do.
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and that is why i say that we have to be on the offense. not fearful. so i just finished paying my taxes and i found out that mine is substantially higher of 39.8%. so what is the deal with that, and why are you guys not reporting on? in the end, we have reported a lot on that. 39.6% is just for starters and it doesn't include numerous surcharges on everything from medicare to investments to pay for the new health care law. between the 3.8% medicare surtax and the fee for higher income payers, as well as higher capital gains at 20%. it's actually closer to 44% and i haven't even included state taxes and real estate taxes are a throw that in and the rich are paying more than half of what they pay for the government. so the next time a liberal party tells you they are paying their fair share, ask him what the
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cursor is heard in meanwhile, just as annoying the war on plastic is on. if you want to use plastic bags you better be prepared to pay up. so without plastic racks, how much was to clean out the cat box? now, there is a dilemma. if i don't have plastic bags, coming home i going to find want to put over my head and ended all? very hard to do with paper. but there is that. so please don't be rash. and paul says i think that you're making a big deal out of nothing. and how about you blow helium into a plastic bag and float away and somewhere over the atlantic letgo. well, all right. i have out you calm down or better yet take the same helium bag and go to cnbc where you will be with viewers are equally high-pitched. and the world is falling apart. russia is pushing us to the brink of war. these guys are worried about plastic tags?
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it's proof that these guys are in the back. and i think you're dead on right. and i'm thinking it is not paper or coming. that will do it good night. kennedy: almost april, fool. today is last day to sign up for obamacare, if you jumped flew the flaming hoops, procureed the infamous insurance, good for y you. if you are a healthy robust formerly comfortable millennial. this will have you swirling the toilet bowl of poverty, your future has just been flushed. honestly no one knows yet. believing it the work, that makes fools of us all. fracking
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