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tv   Cavuto on Business  FOX Business  June 15, 2014 8:30am-9:01am EDT

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about that? >> i would wait for a close of 31 before i bought it. >> what's your prediction? >> chevron up 30% by the end of the year. >> bull or bear. >> chev-wrong. >> oh, good one. well, if you don't leave, the world falls way behind. thoughts on top of iraq becoming another vietnam? too soon sos. this much is not. from the moment barack obama drew a line in the sand and erased it, they have called our bluff and they are running with it. iraq imploded. syria laughing. putin rejoicing. oil prices soaring. time to start connect canning. here to do that is ben stein,
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adam krzyzewski. >> enough out of you, ben. >> all right. go ahead. >> look, i mean, i think almost anyone who watched this iraq thing from the beginning to end sort of knew it was going to implode. if you look at the death tolls over the past year, if you look at the violence, it doesn't get more media coverage. but you can see it. i don't think anyone thought it would be this sort of crazy this the soon. there's no bad character. no bad actor that takes president obama seriously. if you don't take the president seriously, then you're going to go with grand am pweugzs. we talk about what the u.s. done. nuri al maliki, the prime minister, is a questionable dance partner to but the it mildly.
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basically jettison sunni leadership. it's why the medical tear fell so quickly. and that country has been doing serious question. however, when president came out friday and said we have known this has been going on 14 months, why didn't you do something in the last 14 months. it begs the question why it is in a crisis stage now. what have we been doing as a nation. and what has the white house been doing the last year. >> the ceos who come in and take over companies in a great deal of duress and they talk about turning them around. and they don't follow up on the things they said to turn it around. well, it's not long before they are out or that the company is even worse off. i wonder if that's really the core here. a president who didn't do what he said he would do. >> it's far worse than that, neil. at this point the cancer of
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terrorism that metastasized to the near east and middle east. it is a disaster. it is one of the biggest oil producers in america is going to fall to some of the most vicious terrorists in the whole world. they are probably going to soon take over afghanistan. it will be extremely violent, extremely anti-american. i think virtually criminal the way mr. obama allowed this to happen on his watch. he bears plenty of responsibility too. but for this to be allowed to happen. and even now, as the terrorists are on the outskirts of baghdad, his team is studying. they're studying. >> ben, i think -- as you like to say, with all due respect, i think you should be extremely careful using words like virt l virtually criminal. you are doing a disservice to the president when you say that.
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>> i want to do a disservice to him. >> i'll make my point. the shareholders and the investors were extremely clear. the american people were extremely clear they wanted to be done with the war in iraq. and president obama ended our involvement in the war in iraq. that was the involvement on the ground. on the ground in the united states. now he is dealing with the reality on the ground there. again, it is not pretty. it is not good. but i don't think it's so easy to criticize the ceo when he got a clear message from his shareholders. >> but i think you're missing the real analogy. with greatest respect to adam, the real leader will do what's right even if the voters are reluctant and dragging their feet. he will do what's right to protect america no matter what. >> the shareholders in this case, maybe you can help me, it's one thing to say we're tired of war and all this but we're not going to completely abandon the situation and not
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leave a contingency in place to improve the transition. now it's easy to second-guess that. the threat the president made in the past that he didn't follow up on. whether he puts forces in the region or not, if you don't follow up on a threat, it emboldins those who like to be threatening. >> absolutely right. 100%. adam has a point how complicated this is. no one agrees with that. but i agree with ben in the sense that not did the president fumble this in a major way, but he a little bit sized it to say re-elect me. i got out of iraq. as if, okay, we left it as a place that's not going to collapse five minutes after we were gone. >> well, that goes to my point, the white house and the president didn't address the threat as it was developing more than a year ago. it was better politically. and it looked better in front of
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tv cameras to act like al qaeda is on the run, everything is fine. and so now when you know what is hitting the fan in iraq, now what are you going to do? it looks like you were doing now. >> well, now what we have to deal with, there is a lot of concern that the worst guys in the world will be in charge with the juice to keep the world running. and it gets worse. i'm just wondering the financial fallout from this. what do you think? >> well, it's going to be serious. although we are now producing so much energy in the u.s. that mitigates the problem somewhat. >> you think this is a -- >> the run-up in pricing. >> no, no, no. no, i do not. i think the fact that there is so much oil on stream from the u.s. and north america is going to help. but i think the real crisis, neil, we have some of the worst actors in the history of mankind in a pivotal state, in a pivotal part of the world. and mr. obama is studying.
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he said his team is working all day long, 24 hours a day studying. it's not time for studying. it's time for drastic action. and it's too late even for that, then i think we have to think to ourselves, is it going to be fortress america and isolationism again. >> if only it were that easy. we took drastic action in the bush administration. it didn't work out the way anybody wanted it to. it just isn't easy. i want to say, neil, i think you're right about syria. the president deserves a black eye for his statement on syria. that's different than saying he behaved criminally. >> we also as a nation -- >> i think i said virtually criminally. >> but to ben's point about oil production, we're in a position as a nation where we can be certainly tougher because we have so much production and because we have so much production in this country that we are not as dependent. we're one year away from maybe being the world's top oil
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producers. we won't have a supply disruption. >> charles, the bottom line is our leadership is at stake here, the way we are viewed in the world. this is the same week we heard from former solidarity leader that america lost its leadership. mitt romney telling me this week, he talked to a lot of global leader saying, well, you ain't all that. so i wonders, too, in terms of the prestige, that has real palpable effect. >> it really, really does. a lot of people here feel that way. all the poll numbers were at an all-time low. people are saying, america, you ain't what it used to be. you look forward, japan will have to change their constitution. they're not going to believe we're coming to their aid. >> maybe that's a good thing. if we have been the last resort to save their bacon and we're not there to do that -- because the last time i checked, we're broke. >> japan, fine.
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i think we left iraq. we knew they weren't prepared. everybody knew. saddam hussein broke those people down. you can't even imagine. he snatched their will, their power to live. look at these soldiers this week. they took off their uniform. two or three bullets went whizzing over their heads. thousands of soldiers took off their uniforms and ran away. we made a giant mistake and i think it was because of politics. >> but we couldn't stay forever, charles. we couldn't stay indefinitely. >> we should have stayed a lot longer. and with the greatest respect, and i worship your intelligence, iraq is pretty damn brave and resolute in fighting us. >> a lot more people who fought us were insurgents. if you study the iraq war, it wasn't the iraqi people. i have friends over there, private contractors in the military. think about it. most of those people were insurgents from different countries. and the iraqi people themselves
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have been broken in half. and you saw some of the training videos. they weren't ready. >> well, i think the iraqis are pretty brave people by and large. but the terrorists are simply overwhelming them. there's no stopping point. there's no stopping point. >> to that point, you can hear somebody like macfarland say if they want to kill each other, we should step out of the way and let them kill each other. >> that might be what's happening. instead there's more than two groups. there's half a dozen. >> when we come back, the worst things get over there, the higher the gas prices go here. the forbes gang on how we can pump ourselves up. washington finally moving
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response." i'm leland vittert. now back to "cavuto on business." trying to fix things at the v.a. it could end up costing us $15 billion a year, on top of the $80 billion the v.a. gets every year. it does not appear that money is the issue here. it's how do we spend it. >>. >> it's one of the flaws in government. bottom line with this particular thing, private hospitals. give them a voucher.
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take the vets to the hospital. get them off the waiting list and take them to a hospital. >> and fire the deadweight. >> you know why i don't think it will ever been privatized -- >> i know that's a clerical movement. i do think that you have to offer much more flexibility within the system. >> but people who control the vast government bureaucracies, the people in control don't want to relinquish control. that's why big governments stay big government and continues to get bigger. again, if you increase funding, the funding in the v.a. in the last decade, 11 years doubled. and the number of patients has only gone up 30%. so the funding has gone up a lot faster and a lot more and the patients have increased. in terms of democracy, you have this vast bureaucracy. it is like 10,000 people up from 800 in the 90s in terms of
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central management. >> i just think if you make it more cost-effective. make it at least more private like, adam, you have a chance to say this institution that so poorly served our veterans. i'm all for cutting down the wait term. make sure if they are waiting the long time, they can get a voucher that allows them to go to a hospital to get the care they need. this is not rocket science. >> neil, we're about to have one of those moments. i completely agree with you. >> then i'm going to change my mind. >> it is flexibility. in other words, if it takes a private voucher, get it in the hands of the veterans waiting right now. >> what about firing people who aren't getting it done? >> yeah. fire people. reform it. >> i don't think you mean that, adam. i don't think you mean it. you're a nice guy, and you won't fire anyone ever. if someone is not responding or
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they are keeping a vet waiting a long, long time, you adam, would have that person fired? >> due process. >> yes. >> well, i have to say it was our friend gaspo the vegetarian who brought it up. and i think it's a darned good idea. we have to resign ourselves to the fact any large government program there's going to be a lot of fraud. even with a lot of fraud, give them a voucher. let them go to a private doctor and get his appointment that day. if we do waste money on it, we're wasting it on a good cause. >> would you give bonuses? >> hell no. hell to the no, i wouldn't give bonuses. or fjob for life for the federa
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government? they are allowed to go to outside care. but they encourage people to go local. >> if your customers are happy and their families are happy, that's the measure by which you will get a bonus. >> no, you don't get a bonus, period. your bonus is you get to keep your job. how is that? >> you're an idiot. you don't see the system of rewarding people for proper behavior. and i'm kidding. i'm thinking properly utilize and incentivize government workers will do the job. >> they already get bonuses and they screwed this the up royally. >> i agree with you. but we are giving them for the wrong reasons. incentivize good behavior. make treating a veteran your top priority. make them happy. off to the race. i'll gladly pay for that. >> who decides who gets the
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bonuses in. >> i will. i will decide. >> if you're going to decide, then i'm on board. when we come back, up next, forget -- i don't even -- i'm trying to get you guys annoyed. we're teasing another segment. forget targeting groups like
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the agency has 1.1 million pages of confidential taxpayer information to the fbi. now the fbi says it only looked at the table of contents and sent every piece of it back. sort of like my read ago signments in college. have the syllabus, that should be good. ben stein, that should make you feel better. what do you think? >> well, i'm not at all convinced that's going to workout. the irs is a blunt instrument of revenge and torture of availability of the present. i think they'll keep on using it and even the guy i loved is mr. nixon that used it inappropriately. and the only presidents that didn't were the bush father saund but generally speaking the irs will be misused and we have to be used to it. there's going to be a lot of corruption like there's going to be a lot of fraud. >> also part of the study taken when they looked into what the irs was doing, forget about reading the cover sheet and all of that, they had recommended the irs do this.
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we think it's a good idea if you do this. that gets to be creepy. >> creepy and the irs as an institution is scary. >> you said that. >> go ahead. >> it's very scary how much power the irs has. they can come to your house and peek in your garage windows to see what kind of car you're driving to gauge if you're lying about how much income you have. >> what are they looking for? >> when they're peeping in my windows they won't see anything but me in sweat pants washing nascar. >> they're looking to see if you brush your hair back from your left eye. >> nice try. >> i agree with everything that's been said. here's the thing though, they're becoming more powerful. we know with the health care law -- it really is a frightening thing. again it gets back to, again, it's never accountability.
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whenever something does go wrong, we don't know who did it, why, oh, it was a slip up. oh, yeah, we're watching these people. oh, yeah, we did this to those people but we never know why and we never know who did it. >> i don't think we'll get to the bottom of this, adam. it's another reminder that when they're they attempt to get to the bottom of something or a group that might not be of the same political viewpoint of the guys in charge, all hell can break loose. i don't see anything that developed in the last couple of weeks that lead mess to believe it's going to stop. >> i don't disagree with you but there's no reason to give up. we should hold them accountable but we need to collect our taxes as well. >> why? why should we collect our taxes? >> i don't know. don't look at me. i'm already getting audited. >> they're snooping in your garage. >> i'm audited every year. >> yeah. >> all right. we've got a lot more coming up. surviving but not exactly
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one very well linkedin. >> i love them. right onp. >> vanguard. millenials, just buy the whole thing. >> iraq collapsing, oil prices spiking. al qaeda inspired militants threatening more cities and a major refinery as they blitz through oil rich iraq. lots of calls to send u.s. help over there and now we can also protect ourselves at the pump here back at home by starting to build the keystone oil pipeline right now. are they right? hi, everybody, i'm liz mcdonald's in for david asman welcome to forbes on fox. now, steve, the spreading chaos in the

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