tv Lou Dobbs Tonight FOX Business December 12, 2014 10:00pm-11:01pm EST
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good night. >> good evening. breaking news the federal government is 29 hours from shutting down. the fate of the accommodator fiscal year long government bill is in the hands of harry reid and his final days as majority of leader of the u.s. senate. congress is definitely divided on the legislation and house speaker greater need of more than 50 democratic votes to pass the massive spending bill but the president himself lobbied democratic congressman for the votes to expose a deep divide among house democrats.
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is the policy was urging her caucus to vote no and she blasted the president while number two was urging the passage. the democrats are that divided but the spokesperson for the president said no hard feelings between the white house and the minority leader. >> president always had not just a good working relationship but that did not change yesterday and did not change in the future. lou: bay harry reid once that bill passed tonight but the democratic ranks are severely divided. with the chief correspondent mike is on capitol hill with our report. >> the house passed a $1 trillion government of hot funded extension to now
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is to the senate. >> to keep the government open and funded a and we will do it today. senators are unhappy with the of legislation the. >> affair want to run the clock they passed an emergency funding extension through tomorrow night and then they approved a second extension through wednesday but the chair who negotiated is pushing colleagues to pass the bill quickly. >> we can find the responsibilities to prepare america for today and the 21st century. >> democrat elizabeth warren filed an amendment to strip a provision to weaken the dodd/frank regulations that warren said to the to future bailouts.
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lifted atlantic cod p.m. last night while stephanie hoyer split with anc policy to express support. >> i have concluded it is best for us to pass this bill they added is judy fet is so i urge my members to vote for this. >> house speaker was all smiles when he realized he had the votes to pass all those 67 republicans voted against the measure and a number of members were frustrated. >> now that obamacare is funded we insisted on a vote to allow us to cut off all funding through executive amnesty. >> those to back that compromise said boehner did his his job and he will not suffer long-term damage. >> is important house republicans stayed together if we are divided the person who benefits is the
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president. the american people said they were unhappy with the president's policy that is why we had sweeping victories and together became get good things done. >> circle your calendar february 27 when a whole land security funding will run out at that point they expect leaders to stand up to fight for funding for the executive action on immigration. lou: from capitol hill the optics on the drop in the final days of the 113th congress are impressive. fighting hard to get his fellow democrats to support the $1 trillion spending bill. either tired of fighting over budgets or the president gives a preview of the compromise when the government means right to.
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head henry has our report. >> and that was the first election test because is by working fudge the of bones in it to all but declared the commander in chief is now a lame duck. >> so we say that rolling back wall street reforms so 100 and 309 though i house aides there will be 57. how can you give the get the money for your health care lot an executive actions and immigration. >> on either measure could day significant undermined our ability to make progress
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that is a clear win for democrats sam the president. >> and he got other goodies for ready for climate change in early childhood education and legacy items that could put speaker boehner in hot water although he is also dealing with major harbored. but i cannot get the bill but to go along with that. >> there are a bunch of provisions in this bill that i do not like. >> that when they did not like his health care lot they forced the government shutdown and the president lashed out. >> one party in one house of congress with one branch of government shut down major parts of the government.
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>> with one faction of the democratic party that there are democrats. >> they succeeded sivapithecus said they would not be willing to support because they had concerns about concerns that were republicans. lou: ed henry from the white house. while the budget hangs is in the up balance of the signature health care law it is now firmly in there cross hairs of investigators jonathan gruber testified earlier this week calling
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the american voters stupid on the number of occasions but who was stupid now? use a coat - - succeeded by gerald i said because he refused to be answered how much taxpayer money he made in compensation and carl cameron has our report. >> house government has succeeded jonathan gruber for all documents into indications of a federal state or local employees related to aspects of his word with the health care loss gimmicky testified voluntarily and was slammed by both parties that passing obamacare concealed his applause from the ignorant public. >> it is a political advantage and the stupidity of the american voter or whatever but that was
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critical to get things passed. >> i sincerely apologize for conjecturing in such a disparaging fashion. i knew better and i know better and i am sorry. >> he said he was not the artists of their architect but old videos like this keep leveraging to raise doubts. >> told disclaimer i will be objective but i was involved to write the legislation so there is some bias involved to meiji had contracts with 12 states from california and maine between 2009 and 2014 with as much as $5 million now he says he does not believe there were actual attempts so investigators want to see if they can make sterile or fate.
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lou: a major sell-off to abolish child week of trading. dow jones industrial average plummeting 315 points the s&p lost 33 the nasdaq fell 55. volume on the big board. for the week down more than 3.5% the week -- the worst weekend three years. posting weekly losses of 2.5% crude oil is now below $58 a barrel the lowest level in more than five years we're coming back with more. please stay with us. lou: and attorney general eric holder this time in the president's home town with the nation's highest murder
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rate in this administration's idea of justice how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider
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saying they will stop it. the director for immigration services announced his agency will begin taking applications in mid february. and les gutierrez is not waiting he will be in chicago this weekend with mayor bob the manual to help 500 families prepare for background checks to get more people to sign up the more unlikely lever unravel this. joining us to talk about this and much more we're joined by former arkansas governor, former candidate and on the fox news channel mike huckabee. so the attorney general as well playing racial politics is an extraordinary time. >> if they are serious about trying to help young black men to prevent them from
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being victims of violent crime talk about black on black crime in the inner city. if they would talk about fatherhood and the importance of the is the young men with no father figure in their lives, that would be a significant but instead we are of the issues that about two was small percentage of nsa would happen to garner was insignificant but if they really want to look at the great body of from talk about the young black males being murdered. >> talk about what is a an abject failure of leadership in this country we're looking at the sale of unemployment rates for young black males today almost 50 years ago. >> it is worse. the of poverty rate was the save as relaunched though
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war on poverty but we spent $2 trillion? we lost because he cannot win the war on poverty if kids grow up without to parents with a high-school education and gainfully employed the results in a child having less than 9 percent likelihood after spending one day in poverty. then we still don't get the message. lou: again talking reese and attacked the walt -- law-enforcement. what is that about? the american public does not buy it. and he is to be the number one pop it is hardly appropriate turn the general has the confidence to a
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complete the degrading when they going to say one of the messages above ashley messages if a police officer stopped to eat and you think he is wrong this is not the time to let him know and how many profane words you know, or how tough you can be it is a time to be respectful, shot up and if he is wrong taken to court you cannot fix that of the street and it never ends well when you try to argue with a cop whose agency is doing his duty. lou: looked at what is happening with the industry in this country. al sharpton to rural is calling it a candlelight vigil to bring together the few -- but the faith.
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>> because why don't they way into this issue? with their broader or deeper expression of gratitude for law enforcement that could be helpful civic that is fair i have not heard many do anything other than as a -- showed their support cops to the wrong saying is that there is a process. if you don't like of predicted jury comes out with, there is no way to deal with it but but al sharpton has a belief to be more truthful and he can start paying his taxes before he lands 100 million.
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>> played the american presence will dash me publicly chastise buys said survey party. >> but to be attached but now to say we year doesn't yet have maxine waters say it doesn't matter we are not listening. that is significant. but the republicans have an incredible opportunity with a divided party to take a stand to defund like it illegal immigration executive order but instead they're rolling over. what is this about? going over christmas? get your job done but just don't rollover so? lou: i will credit speaker peter on monday to move out
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1.$1 trillion makes it then democratic problem in the senate and the republicans of the does come to this they don't want to be held responsible by the public. >> a silver lining in every cloud good for you. [laughter] >> thank-you governor. watch huckabee on fox news and poll results believe the that we should petition to expedite the confirmation of loretta l. lynch to eric holder as attorney-general. but.
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dock answering bill which would be a lot but it is senseless and institutions but first a few comments on what "the washington post" reports is the new malaise of america prepare reading "the post" article from july july 1979, a lot of people that's all across america they have stopped listening to the president. most of us were fed up with a stagnant economy high inflation and long gas lines and yes we had done a bellyful of santeria self righteous incompetence of the white house his love to wear sweaters regain his a hands over what he judged to
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lou: if you couldn't understand that i apologize for the technical problems. and i assure you he said above current president but he has outdone mr. carter down 35 years later we're stuck with the president to slip into your relevancy and according to polling is considered the worst president since world war ii. and obamacare is unrelenting with this self indulgence to appear in engaged of the important work of the state but now he talks to only some of the americans at a time and strives to divide and never to uni and never tries to inspire.
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poll shows justlieve alive though low was number into decades of research poll shows your than half of americans will be a better year than this that is a lowest since the recession and to express their loss of faith in this president. >> honestly disappointed the white house feels the only way they could get a bill is to go along with this. >> right now for the end of the recession not changes of health care. lou: even end issue reuter acknowledged the disaster president obama has arrived at the of relevancy now the countdown has begun. 769 that is a number of days
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obama has remaining in office. you can strike up the band or whatever you wish but most important see to it the best of us are severe. from scottish philosopher thomas carlyle that perseverance and persistence in spite of all obstacles that it distinguishes the strong from the week. we will be right back. lou: foreign fighters the islamic state facing deal of the administration with the severe shortage of strategy. next. asian debt that recognizes the shift in the global economy.
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lou: the pentagon today admitted the current strategy of airstrikes alone against the islamic state will not be sufficient to defeat the islamic state. >> everybody shares the same basic sense of urgency about the fight inside iraq. and the need to continue to move forward in a comprehensive holistic way every petty realizes it is not a panacea.
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>> joining us now former commandant of the war college and fox news into war college with talking about the comprehensive blah, blah, blah? have we come to this where people talk like that in the admirals' uniform? >> rest my case. but what he is trying to say is that what we have known all along and discussed check your strategy. that equipment itself to air strikes but simply bombing does that change the equation on the ground. and alex says though something like 70 percent of
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those that fly into syria coming back with the bombs. lou: i apologize to interrupt. we just watched smart ordinance blowup a pickup truck. i believe that setback the islamic state three or four months? >> basic. the targets are fewer and fewer. and the only targets and the million-dollar weakest a toyota is not a good exchange rerunning of options so to avoid as strategic ploy did to do nothing. lou: ended is time to do get the hell out.
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but frankly the equivalency of expenditure is massively lopsided and we cannot sustain this engagement and to be in the unit to merit an assault by multiple jetfighters. >> remember is dividend rate war of ideas and ideology if we pack up to go home or continues as a leisure rate of the air campaign that just strengthens the narrative of isis. we have a force against the world's greatest superpower and we are winning and the americans cannot do anything against us so that brings in the true believers and
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causes a basis to increase power. lou: i have heard options before by the pentagon but to have civilian or military beaters there are choices beyond the spectrum of possibilities in to marshal the forces in the integrity of the nation to win the war or get the hell out are we at that inflection point? >> either go big or go home. soldiers understand that. did get to that point to add more bombs does not increase your advantage at all. but eventually it makes it
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worse rather than better and we have no other alternatives even if the iraqis suddenly come to life it will be years to for the day pushed back isis to give them a conquest into a country. lou: the dow finishes off the worst weekend three years plummeting crude-oil prices reaching recessionary level lowe's and possibly lower. next. ♪ (holiday music is playing) hey! i guess we're going to need a new santa ♪(the music builds to a climax.) more people are coming to audi than ever before. see why now is the best time. audi will cover your first month's payment
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lou: stock's closing out the week significantly lower posting the biggest weekly decline in more than three years down 3.5% we have john e. your great to see you. what is driving crude-oil so low? >> it starts with an attempt by a major oil exporting country to push the oil down to a level that's lowe's expansion of drilling activity to the united states in saudi arabia.
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>> will be overlooking is a possibility that unexpected day's slow growth is also putting downward pressure on crude oil prices. lou: talking about europe, china and the emerging countries? >> of goebbels' flak attack. lou: it would be funny if people were not getting hurt i do not be though the prices whether he deal or gasoline. >> your so correct. and to the degree the slowdown globally but keep your eyes on the base
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metals. and it is a much closer to a local boy recession there everything. lou: crude oil at $57 and if we marched lower that would tell me we have not even begun to test it is far worse and everyone was speaking up for thinking of. what about the equities markets? to have those remedial actions abroad.
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and with those corporate bond yields. early on we had the junk-bond yields in that war does something was wrong and by the way there is no way is in the world at the fomc a leading we can make any type of change. >> it will not be removed worldwide. >> how many schools have i heard talking about the prospect of higher interest rates? can you believe such nonsense? >>. >> wide year-ago. with the final quarter the 10 year treasury bond is closer to 3% 2%.
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upper belly pain, dark urine, or yellowing of skin or eyes. these could be signs of serious side effects. i'm down with crestor! make your move. ask your doctor about crestor. lou: the government is on track to shut down to maronite unless of us at senate can find a way to pass the spending package you are looking at the senate floor right now to debate the merits of the legislation still no word if elizabeth warren or david vitter will block passage over stripping the derivative language from the al bob with the element of the spending bill and our
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fox news contributor great to have you here former white house director and stephen thank-you for being here. the president and john boehner coming together? finigan is astounding showing that politics can have a strange bedfellows. lou: this time they got it done. >> it is the real divide of the democratic and republican party that will play out in 2016. >> with this miserable session of congress is what
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they deserve to stay up all night long. and starting with the appropriation and hearings and the budget bill they will fail miserably. lou: what are the prospects you could see something happen tonight or tomorrow? >> we will not shut the government down they will pass the bill tonight or short-term spending bill into next week. though 1.$1 trillion will end up passing. the votes are there but it is entirely an issue arguing about the clock to see what nominations the president wants to get done before he loses control of the senate.
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it is all about using for the republicans to make it painful for fewer nominees. >> these are live pictures from the senate. the house vote is a real step forward but the divided leadership is that the pretense or is that from what will happen with a 114th congress? >> president bush had trouble with his own republicans prepare it is hard to know if they will come along with speaker boehner or not. and with the tea party they vote against the bill and not too excited about it. >> said john boehner did not stop the president.
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>> there is plenty of time. >> there is far more members as a potential threat. he has his own team now. en to play a big role in the house to get through the senate with a coordinated effort at the end of the day they will put legislation on the board. lou: been very quiet with mitch mcconnell, your thoughts? >> on the spending bill there in the middle of negotiating. one of the nominees is law-enforcement and that is the major issue. republicans would love to
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block that. when they have to face a spending bill that is why it is tied up. but a lot of this comes down to the relationship between rich mcconnell and harry reid. but the focus is on the democrats who are up for reelection over the next two cycles. >> dead man walking is harry reid. the governor just 142 points. >> but i don't disagree with you but more than what everybody is talking about is what this is 37 but it seems to be richer with
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chris christie getting clobbered in his home state. failing to beat bolivia clinton. >> obviously it is not true anymore. there is still a few industries that wanted them but it has lost its appeal. >> i would not write him off just yet. lou: we want them to link your. [laughter] >> but the person who is is mitt romney. and looking more seriously i have been predicting that for the last six months.
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but they believe he has some interesting and the country might take a third look at mitt romney. >> those that walk away with $1 million apiece have an interest of running again. he is a tough candidate to beat. lou: good to have you with us. now a wrap up of the handyman to implement the executive and fiat on amnesty the mayor who insist and open borders once a very big fence around him and his family. he has erected a privacy fence. there is to keep his constituents from looking to a deeply or too often into the tax payer funded manchin it already had a brick wall
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but we should change the language calling a driver -- privacy rather than security. good night. from new york. neil: welcome, everybody. i am neil cavuto. his ears is the fallout from the saudi racial emails the co-chairman reaches out to two al sharpton and jesse jackson for healing. ab, multitask to bring a checkbook and i know where this is going and so does the reverend peterson. good to have you back. i suspect she will have to do more than say she is sorry? >> no. she will have to pay up been a good fashion. not just apologizing to the black community they have a history
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