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tv   Cavuto  FOX Business  December 9, 2014 8:00pm-9:01pm EST

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neil: welcome. i'm neil cavuto, and congratulations liberals, you put american personnel all over the world at risk. and your tortured logic is that the world has a right to know that we torture. pity you didn't feel the same way about those jonathan gruber videos. that is torturuous. his musings is torturuous. no matter. that was a sham meant to be embarrassing this president, not so your torture release meant to embarrass, oh, that president. it is amazing what you guys will do in the name of transparency because it is so transparent what you're up to. why risk release
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information that will help americans better understand why a health care law is costing them when you can instead push sensitive cia information on what we do to bad guys and just go ahead and kill them. to republican congressman frank on the twisted logic here. congressman, you're either all in or all out. to me, that liberal argument doesn't hold water. >> well, i couldn't agree with you more. i have to say with you, i keep thinking this administration can't surprise me anymore. they continue to do so. i literally think that the obama administration has done for hypocrisy what stonehenge did for rocks, neil. [laughter] the reality here is that they have indeed dangered american personnel, and i think have put at risk the cause of freedom in general across the world. diminished it in several different ways when they have released this information for purely
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political reasons. neil: and i tried to give them the benefit of the doubt. i have friends like kennedy talking about libertarians believe get it all out there. but be consistent. when it comes to gruber and his musings, boy, they couldn't hide that guy fast enough or disassociate themselves with him fast enough. what's fair is fair. what's released is released. and it's that part that's appalling. >> incidentally, they didn't speak to the people in the know. the ones in charge of these programs. at the same time they were doing that -- neil: they were quoting hancock. they were constantly quoting him. >> at the same time, they were writing the obama legislation and selling it to the american people in ways they thought they could get away with because they thought the american people were stupid. i think the american people have proved them
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wrong in the last election. the bottom line this administration seems to be willing to sacrifice innocent people for the cause of politics. and i don't know if i have the terminology within the confines of the english language to describe how detestable that is. neil: well, i do have the terminology. we just can't say it on tv. congressman, thank you very much. >> thank you for everything you do. neil: betsy says democrats have a method to their madness. get americans so freaked out about torture they forget about this tortured health care law. well, it is working. >> that's right. it is working. let me say that jonathan gruber is a distraction. he's a stand in for the culprit, barack obama, the orders to lie about this health care law, the orders to make lying the strategy to sell this health care law came from the top. neil: how do you know that? >> even before the president took office, remember when he was a
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candidate, bark barack obama, he lied and said, unlike my competitors i will not force americans to buy health insurance. of course, that's what obamacare does. neil: do you take that everywhere you go? >> he have where. since gruber has been discredited, the administration has continued to lie. last week, they issued two brand news reports. one claiming that obamacare was slowing the rate of increases. the other that obamacare was making hospitals safer. but the data in both of these reports are bogus and easily disproved. neil: let me ask you about that. i don't want to get too in the weeds. you're a genius. if we did not have this law, premiums would be a lot higher than they they are. my premiums have rocketed with the health care law. i think most americans in this country have seen their premiums
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rocket. >> first of all, premiums are higher because, one, the law requires your insurance plan to provide many extras. secondly, requires insurance companies to cover sick people for the same price as well people. and, thirdly, it includes 100 million -- $100 billion -- sorry -- in new taxes over the course of a decade that are passed on to you the consumer. neil: well, they banked on this paying for itself. everyone paying in. then it will sort of, you know, make itself very efficient. >> it is not being paid for by the money put in the premium pool. it is not. a lot of it is being paid for -- neil: with subsidies that might be called illegal. >> and insurance companies are getting a bag of taxpayer money at the end of the year to cover most of the loss -- neil: when the president was on colbert and he's talking about, well, a million more americans
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signed up. 7000000-plus. >> that's not obamacare. that was a lie. neil: he was not talking about the whole plan. >> absolutely not. another lie. there are so many. it's hard to keep them cataloged. but i'm doing my best. neil: she sleeps with that thing. it's amazing. betsy mccoy. let's say the president would prefer none of us even mention the name gruber. in fact, to hear former abc reporter, obama gets pretty dramatic about this stuff. >> i have seen in the last year barack obama really angry twice. both were off the record times. one profanity laced where he thought the press was making too much of scandals that he didn't think were
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scandals. neil: profanity laced? tim graham on that. well, that's a whole other side of the guy that we're not familiar with. what do you make of that? >> remember how they always tried to say he was the calmest human being. neil: no drama obama. >> obviously not all the time. yeah. my guess in this case, it's safe to uncork a profanity laced tirade when you're off the record. i would argue that it was probably designed to get them to stop saying anything about so-called obama scandals on the air or in their newspapers. it is a -- it's winning through intimidation. and i think the thing that stunned us about this with how long this took to come out. ann compton could have said this, even when you're off the record, you could say, the president has been very angry of late, even to
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the point of profanity about this issue. neil: can you really say that? but i've been in a lot of off the record briefings with presidents. but enough about me. and normally -- you're not even supposed to peep about it. and i'm wondering whether she violated something there. even allowing for the possibility she did, what does it say about the president and how sensitized he is to the media and anything bad said about him. i know in the case about fox, for a guy who do not pay attention to us, he pays attention to us. >> absolutely. if you look at the interview itself, as we did on news busters. she talks very favorably about how george h.w. bush sort of snipped at her and then wrote a letter of apology. i got nothing from obama. obama doesn't apologize. the contrast is obvious. we know it. republican presidents know they're going to be pressed very hard on --
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on their scandals or on whatever their policies are. democratic presidents expect to be pampered. they get angry when they feel the news media is distracting the public with scandals or news stories they don't want to be news stories. neil: do you think the media is getting a little restless? because just when i see signs of it, they pull back, and they start, you know, forgetting the health care thing. then changing and focusing on this terror fortunately. in other words, give the administration some slack. >> i think they always have a tendency to give stack. that's their natural tendency. i think it's more unnatural when they spend a day or two on an obama scandal. we found that all the way through the first term. we're finding it again during the second term. we certainly found it in grubergate, which is something they barely wanted to touch.
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that will continue to be the case, i think. neil: i was encouraged that he showed a little drama. i'd like to see more of that. this seems to be a facade. all right. tim graham, thank you very much. the secret is out. guess what is coming now?
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>> there may never be the right time to release this report. the instability we see today will not be resolved in months or years. but this report is too important to she will have indefinitely. neil: kennedy agrees with dianne feinstein. >> i do? neil: let it out. kennedy: i agree with what senator mccain said.
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he had the most insight -- neil: he knows a thing or two about it. i'll go back to the fact that whatever you said about john mccain, you're on the side. kennedy: i don't have to be on the opposite side of dianne feinstein always because she's a broken person. neil: i thought that was rude. >> she is abhorrent. she's my senator. i'm allowed to say this. neil: upfield thiyou heard the t that this will be dangerous. as a core libertarian, you don't buy that. why not? kennedy: that's hype. that sort of blending in with the hysterics we've heard about the nsa. the snowden revelations that it would lead to mass casualties and death. that hasn't happened. by strengthening our
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national security apparatus by making it transparent and better and smaller, that we will be safer and a better country. neil: is this kennedy saying she doesn't believe in torture or she doesn't believe in hiding the fact that we do? kennedy: i'm a vengeful ro roman person. neil: staff people disappear with you. kennedy: when i hear about the things that jihadists people do, it makes me angry. i as a person want to do horrible acts and let them bleed a slow, painful death. neil: but john mccain knowing a thing or two about being torture. it doesn't yield results. kennedy: it does make the intelligence better. history has shown us that. neil: dick cheney says it does. kennedy: he is --
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neil: don't go away. we're not best friends. kennedy: you do the cheney manny pedi once a month. neil: we go hunting. you're just saying there's no problem with being very transparent. kennedy: no. we can be transparent. we can challenge ourselves. we can become an even better country. neil: well put. i love kennedy to death. people have a tendency to disappear. thank you, kennedy. you're the best. in the meantime, did any of you catch this? >> i did not draft governor romney's health plan. and i was not the architect of president obama's health care plan. neil: and if you weren't the architect, who was? because everyone said you were. after this.
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neil: i can't get over that graphic. it's time for neil's spiel and why we have a
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problem saying these two words, i'm sorry. two more, i goofed. why is it so hard to if he is up anfest up and say i goofed. if it ever happens on this show be i blame these guys. if i have a great show, i credit this guy. now, i'm being silly to talk about something even sillier. the refusal of so many in power to say so much as a single oops. on the health care mess, it's gruber who is the goober. on nancy pelosi who suddenly claims she doesn't remember gruber or the president. closest he came to saying he botched it was when the health care came out. i'm not saying the president should have known every problem that cropped up, but to not admit one and fess up. me, i'm fed up.
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politicians who refuse to admit mistakes repeat them. they don't have to be this way. we're all humans. we all make mistakes. it's not as if we'll rip the president who admits a doozy of his own. if memory serves me right, jfk taking responsibility for the failed pig invasion didn't hurt him. shortly afterwards, his poll numbers soared. after all he was months into the job, he could have blamed his predecessor. all his military advisors were behind the scenes. success is 1,000 authorize and failure is an orphan. admitting a screw up didn't hurt him just like abraham lincoln admitting the media was right that he couldn't keep union generals until he land ulysses
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grant. taking the blame for tylenol tampering scandal which he had nothing to, because he took all capsules off the market, his quick and decisive actions helped j&j actually cressets market share. it's a fact. that's a fact. admitting a mistake doesn't kill your career. that is a fact. now, repeating the same mistake, whether you keep admitting doing so doesn't help. that is also a fact, but if to err is human, pretending you don't is also inhuman and worse, it's inane. message to a president who do not see a problem with his health care law, state the problem. or you risk kissing your greatest achievement goodbye. message to republicans who say they can control spending. look at your past and learn. admit you've goofed
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before and you've learned now. the one thing worse than being an arrogant ass is being an unapologetic one. you're still an ass and a story excuse for one. larry, good to see you. what is wrong with that, just say i botched it. >> nothing wrong with it. we would love to forgive you. every parent understands, neil, when your kid says, look, i broke this. i'm sorry. our response will be much different than to find something broken and know that your kid did it and your kid won't take responsibility. wants to blame the dog and bringing brother and lies about it and never apologizes. we want to forgive people who ask to be forgiven. we are a forgiving society. it's human nature to want to forgive people. what these politicians need to understand, if they would just ask for forgiveness, we would probably give it to them. because it makes us feel better about who we are.
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you know, it's not agreeing with what they did wrong, it's understanding that they're finally doing the right thing. and i like people who do the right thing, especially when doing the right thing is admitting that you've done the wrong thing. neil: and if we've learned nothing else from history, those who cover up or deny are always suffering in the polls, in public perception, in good will, in shareholder revolts. but those, you know, who fess immediately, i'm not saying repeating the same mistake and keep apologize, but there's nothing wrong -- i say that as a dad and the son of a dad who has the same policy -- you're much better off admitting where you goofed because that's what human beings do. we're also smart enough as a species to know bs when we see it. right? >> oh, absolutely. i believe we should all maybe go back to good old reverend swagger.
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a good tear felt apology made in public is sometimes one of the best thing we can do. we love to see a genuine apology. a genuine apology is you know you've done wrong. you're sorry for it. but you don't keep doing the same wrong thing over and over again. you mentioned ben the son of a father who believed the same way. when my kid was 19 years old. i have life figured out, not you. this is all it takes. when you mess up, admit it, fix it, move on. other than that, life is a party. he's right about that. admit it, fix it, apology foapologize it. then move on. neil: we're not forgiving when people don't state the obvious. larry, best-selling author. merry christmas. well, liberals saying that protesters blocking bridges good. this guy allegedly blocking a bridge, bad.
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neil: well, talk about a bridge to nowhere. protesters shutting bunches of them down. well, that's fine. this guy, allegedly, blocking traffic on one of them that's not fine. to veronica dagger. tracy byrnes to say that's not fair either. why not, scott? >> well, neil, it's weird like hairless pets. neil, let's go back in time -- neil: i'll let that one gu go. >> it's a bill murray quote. they said, hey, your eight days eight days your aides were putting the public in danger. i've been lucky to be caught in these protests twice. first time in chicago after the michael brown decision kind of foggy
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about what happened then in new york last week, as you know, so well with the decision as well. that was the other issue. very much more questionable outcome. both times putting the public in harm's way. and getting fuel from the left. >> i have been in both bridgegate and the protests here in town. at least you eventually made it through. i didn't have to worry about running someone down to get through the lincoln tunnel, which crossed my mind. i will be the first to admit. me and many others, this was dangerous. i'm not sure why it's not getting play like that. christie was dumb. that whole thing was dumb. it reeked wreaked a lot of havoc. neil: it's blocking a lot of bridges and highways. i have nothing, but good things to say about innocent and peaceful protest. when you cross the line and people can't get home, it's a whole other
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game. >> people have the right to protest. that's what america is built on. but i think there's a difference in terms of the coverage, which has been interesting. disparatdespairty with how this was handled. in bridgegate, we heard about people who couldn't get to school. all these scenarios -- neil: multiple bridges. >> we're not hearing about that. i'm wondering what's happening. >> talk to the people who organized it. the people of new jersey that go through this tunnel, did not do this. the border police didn't do this. why are we hurting the wrong people? neil: what's fair is fair. just like i heard about transparency about democrats zealous to get out and report about troops. then equally zealous to get out each and every word that gruber said. be consistent. the same applies to allegations of blocking bridges and traffic and
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video proof that that's what's going on. >> guess what is not consistent. it's the tenor of these shutdowns and protests. having been in both, guys, it's disruptive and frankly a little frightening. you know, some of these protesters, believe me, have been behaving themselves. they've been cordial. others have been obscene. yelling at the police. trying to insight fights. there's things that feel like they're at a boiling point when you're sitting in your car and on foot and you can't move and feel like something will explode. neil: someone recognized you from fox, haven't they? >> i can't get away from it. neil: thank you very much. just be consistent, guys. fair is fair. transparency is transparency. better fill up fast, this billionaire says you're about to be hosed even faster after this
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neil: i think the president just
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told steven colbert that he's not about to sign on to keystone. >> the house will pass it. the american people want it. the state department says it won't raise the pollution in the atmosphere. you'll sign that. right? obama: obviously these young people weren't in polls. >> no, they're chanting boo it. neil: but he won't do it. and billionaire wilbert ross distinctly heard the president will be signing on to a gas tax hike. that is an uphill battle. it seems like a mixed message to send to people. >> the gas tax is a horrible idea. first of all, who knows how long the price of crude is going to stay down? and our experience with taxes is not good about them going away. neil: they never reverse them. >> remember, the federal income tax came in as a temporary measure in 1970 to pay for world war i. neil: even the added value tax
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in europe. supposed to be 2 percent and only a couple of years for countries like italy. it's now 20 percent. it's been there for 40 years. we know the history having said that. you mentioned declining gas prices. here's the gall of what politicians have told me, we're down a buck a gallon in gasoline, neil, we can afford a ten, 20, even 30 cents. who are you to say, you know? >> i think several things. the buck a gallon is probably right. that adds to the average middle class household 60 bucks a month post tax cash. that's huge. neil: and they'll take 20 bucks away. >> yeah. so this would be taking away a third of that. they already are paying 25 bucks a month between the federal tax and the average state tax. federal is 18 and a half cents. average state is 23.4. neil: you didn't get to be a billionaire without looking for
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accountability in all your businesses. >> right. neil: and where that money goes. i've even said -- i know this would sound heinous. i would be open to a tax. we've exhausted all of it on fixing the highways, on getting paint for the bridges. i suspect the fact they don't show us tells me they can't account for it. why should i give them more? >> remember, the congress just passed in the spring and president obama signed into law in august, $10 billion for the next ten months for the highway trust fund. it isn't that there isn't no money coming in. if congress felt it needed more than ten, what has changed from august of 2014 to december 2014? neil: well, is it me, wilbur, or are they much more creative to come up with ways to raise money in washington than to attempt the effort and time to cut back
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the spending in washington? >> not only that. this idea that the money is dedicated. money is fungible. neil: there is no locked boxes, is that what you're saying? >> i haven't seen one. neil: thank you. in the meantime, are markets in shambles because china is looking like a champ. to gordon on why we can take advantage of this. i have to give you credit. you were years ahead at looking at the numbers coming out of china. they sound too good to be true. some of these latest numbers are startling. they're not what we thought they would be. you don't even trust them now, do you? >> no, i don't. beijing said its economy grew 7.4 percent in the first three-quarters of this year. really look at some of the underlying numbers. construction starts down. electricity was up only 3 percent. gdp growth is usually only a certain percent
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of electricity. you start to say, no, it can't be near the 7.4. neil: so what is it? like, i've always felt, to your point, you've written extensively about this, that the chinese love for intimidate. they get you to believe that they're on fire. and compared to where they were, you could make an argument. you're up 7 percent from nothing. well, that's probably, you know, closer to being accurate than inaccurate, even though you can question them. what i'm saying, they own a lot of our debt. and we're afraid to say boo to them either on their numbers. if they're in trouble, they will cash out. >> they can't. our treasuries have fixed -- it's in trouble. it's dependent on exports. that means, when you look at the underlying numbers, last year china ran a merchandise
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surplus against the us for several billions dollars. that's the biggest surplus against any country. neil: what would happen if we said, we won't buy your stuff? i wai don't want to sound like donald trump. i felt chinese need us more than we need them. >> we certainly do. that 318.7. that was 122 percent of chinese surplus. they cannot replace american market. they've become export dependent. even if we reduced buying, we would put the chinese economy in the tank for decades. neil: you know all the power players there. do they laugh at us. boy, if americans realized the edge they have on us and how much they have over us, well, thank god they don't. do they say that? >> what they say these days is that, you know, the united states is in terminal decline. china will own the
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century. this is your point about intimidating the rest of the world. they've done a good job intimidating washington. but now with what we're seeing coming out of china, it's inconsistent with their narrative of 7 percent growth. i think we might actually get better policies out of washington now that we can see them from afar and see they're not really 10 feet tall. neil: they've been like the global leader, at least the engine for this global recovery, say what you will of it. so if they're not what they thought or what we thought, then what? >> well, you know, they're going to a crash. no matter how fast they're growing. even if they're growing as fast as they say, they're accumulating debt at least two times fast as they're growing. real number is probably five times faster. they're heading for a crash. we have to be prepared for it. you know, we have to understand what's going on in china because if we wake up one morning and, you know, the chinese market falls apart, they drop
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5.4 percent, by the way, yesterday. we wake up one morning and we see it's gone, we'll panic. but we won't panic if we know what's coming. that's the really important thing. neil: well put. thank you for coming. thank you, sir. well, they have been teasing. now, they're doing. those 3 percent mortgage loans coming. why is a realtor worrying?
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neil: all right. so you don't have 20% to put down on that dream home, not even 15%. 10%? okay. how is 3% down. and how is fannie mae and freddie mac backing you up? doddy herman delighted. real estate jasonmeister
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scared. you like it doddy. why? >> yeah. i was saying millennials, first time buyers. a lot of them have the income, but to save 20 percent, that's a lot of money. so the sector that was really doing the worst was the entry-level, first time buyers because they didn't have down payments. now they can buy. >> i think it's insanity. i think einstein said the definition of insanity is doing the same thing over and over again and expecting a different result. neil: and he was talking about real estate. >> exactly. neil: you're worried we will go back to the no money type loans. it will get frothy. >> it's getting frothy. but there's no skin in the game. canada has 20% down payments. don't have fannie mae and freddie mac. and they're 20th percent of our default rate. they're doing something right. >> a lot of them don't own homes.
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this will be different because they're only doing them on conventional mortgages. that's how it is now. and for a lot of people, and, again, hopefully they will execut scrutinize everyone and they've been doing that, but a lot of younger people who have good jobs, to save 20 percent, especially in areas like new york city, california, texas, higher prices, it's really lots of years. twelve, 15 years. >> but, doddy, the average realtor in the us makes 6% commission. you're telling me that only half of a commission is what you would spend to buy a house? >> listen -- neil: that's a good point. >> it depends on where you are. if you can buy a house some place in detroit, $30,000 for a house. nothing to do with it. what we're talking about, for people to buy homes, they need a
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very -- neil: is the down payment the issue or the facts that the homes they want to buy into, those homes are still underwater. >> i would say, look, not everyone is out. most people got out. most of the foreclosures were bought by investors a year or two ago. >> what happened in the housing bubble is basically the government got in the business of promoting homeownership. when you promote homeownership and the government medaling in the private sector, you have bubbles that get created. neil: we're not close to a bubble again. >> we're not. i'm not saying we are. neil: maybe we need to goose this -- this is a step in the direction. >> jobs boosted. 15 percent real unemployment for the millennial first-time buyer. we need real jobs. that's how people buy homes. they don't buy homes with 3% down payments. >> listen, you're half
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right. you need a job. they're not going to sell properties to people who have no jobs, as they did years ago. however, okay, we're talking about people who have jobs, have a good credit history -- neil: is that one of their other requirements? high credit score? >> yes. they have good credit. >> it's a matter of time, neil. neil: is that the balance, 3% down, but 650 or better credit score. >> it is. but there's no skin in the game. we don't want our skin in the game. we want the borrower's skin in the game. neil: why do we have fannie mae and freddie mac in the game? why do we have them? >> part of what happened in the housing crisis was the people bought contracts. okay. they bought contracts of things that weren't built, all right. and flipped them.
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neil: no doubt. if they bought more than they could chew off, i'm wondering whether we're doing with the best of intentions the same thing again. >> again, what really counts, i don't think it's the down payment. if you have a good job and you have good payment and they scrutinize, and as they're doing now, i can tell you, if you have a dot that's not dotted right, you're not getting a mortgage. neil: so you should calm down, jason. >> if fannie mae and freddie mac
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♪ over 12,000 financial advisors. so, how are things? good, good. nearly $800 billion dollars in assets under care.
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and constipation. nothing can reverse copd. spiriva helps me breathe better. sfx: blowing sound. does breathing with copd... ...weigh you down? don't wait ask your doctor about spiriva handihaler. you owned your car for four you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends. three jobs. you're like "nothing can replace brad!" then liberty mutual calls. and you break into your happy dance. if you sign up for better car replacement, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. see car insurance in a whole new light. liberty mutual insurance. neil: what is the deal with my taking credit for all of the democrats lost in the midterm? specifically my argument last
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night. they all share this common snob. they snubbed coming on with mass audience who would have been open to this. and if the middle east blows up, it's because leaders didn't consult with you? and by the way come it wouldn't hurt them if they did. any of these losers, if they argued their case, we will never know now. we won't know that. and no matter how many times they decliner invites, you kept inviting them just the same and
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so it's still a great interview in my book. well, you know, i will take what i can gather. and then there is what is rapidly catching up with that guy from new jersey. no self-respecting politician would come under the joke of the show. so who is laughing now? are you serious? and this has a message for those who do skip out. the democrats missed the opportunity to reach the other side. preaching to the choir gets a lot of praise, but sorry come it doesn't do your word out and believe it or not, fans love to hear both sides. and he did make me thank especially when you showed all the democrats who did come under show and live to tell about it.
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and so i could say that those who kiss the ring live to see another day. but i think that it's those they are comfortable in their own skin and their own views know that i don't bite and bacher. i'm disinterested in what they are doing with our money. and still, waco isn't buying it. the reason why these losing democrats didn't come on your show is that you are stupid, your questions are idiotic and you have problems. it wasn't your questions would scare them, it was your looks. welcome i beg that you are hideously ugly. and oh, stop, i'm blushing.
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and by the way, mr. caputo, you aren't a brother i've never had and the neighbor i've never met, but you remain the most decent person on television. so thank you very much for that and you are on cable, you can't write, can you? you've never read a book let alone written one. let me know when i'm wrong. everywhere else, none with pictures. by the way, now i'm coming up with the title or a third think seo. be looking out for because the financial factors are looking out for you go to facebook.com/teen and so you
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can share your lots. thank you for watching, see you tomorrow. kennedy: a summary of the senate cia interrogation report turning awful and the little embarrassing for our country, but nothing terribly revelatory came out in those 525 pages. so i don't think that i will be able to ingest thomas ever the same way again. our government kept these prisoners in no matter how much you hate the evil individuals that killed these people. you know that this isn't right. we simply hate them and it won't bring anyone back. it doesn't make the world safer and it basically doesn't work. i don't always agree with john mccain who says that the truth is a hard sell to sw

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