tv Cavuto on Business FOX Business December 14, 2014 8:30am-9:01am EST
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>> could be a rousing rate. >> tracy? >> here is what's wrong with our country. a mexican smuggling marijuana into our country gets by a dog and wants to sue us. huh? >> doesn't make sense. neil is next. the case of tortured logic that's making very little sense. liberals in a rush to release the cia torture report, not so much of a rush to see the gruber videos. never mind the cia saying could endanger lives. welcome, everybody. i'm neil cavuto. the hypocrisy that appears over the top. here is the thing about transparency, you have to be transparent about everything, not just the stuff you hope embarrasses the last administration, but the stuff that embarrasses this administration. charles, adam and charlie.
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charles, i say it's time for a little restful feeding. did i say that? i said that. i just -- i just did. >> we are going there. >> i appreciate that imagery in my head. it will help my diet, though. >> i did not know that was part of the torture venue. >> neither did i. >> i digress. >> now you know. >> listen, we have seen it from day one with this administration. no matter what is important to the american public, if there's a smidgen, if i may borrow that word from the administration. there's no urgency or we never get the answers. they bring the guys in, they are arrogant and pompous. blocking and tackling. this weekend, call gruber and try to associate them with romney. it's ridiculous. we haven't gotten answers on anything. >> why do you go to the
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african-american? >> because he spoke first. >> i like they call gruber ph.d., piled higher and deeper. listen, the torture stuff, i'm not for torture, so to speak. >> please. >> you don't have to be a panelist on the show. >> listening to you talk -- >> thank you. >> the torture stuff happened ten years ago, five years ago. the health care debach l is happening now. there's a debate whether torture worked or saved lives and whether it's torture. how bad can the feeding be? >> stop. i just mentioned it. you have to be consistent on transparency, right? when it comes to this, if you
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can make huge distinctions between the two. i'm saying, this is now incurrent and real health care debacle and the lives perpetrated. so, i think the american people do have a right to at least go back and revisit how that all unfolded. to say nothing of the supreme court. >> they have a right, but being a hypocrite is a requirement for being a politician. this is not a partisan problem. it goes both ways. >> absolutely. >> republicans want to cut spending unless it's for earmarks that go to their district. >> in a sense, we are all -- >> it's why the american -- really? how many times are you going to say that? >> i'm fascinated with it. >> alcohol gets you drunk quick, by the way. >> it does. >> ben stein, maybe you can elevate the conversation for us. >> well, what i will tell you as a person with colitis a lot is
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rectal feeding is not a myth. contempt for the american people. contempt for senator finestein embarrassing america. we fooled you, we fooled you, you are stupid, we fooled you. contempt, contempt, contempt for the american people is the common thread. >> adam? >> you mentioned there was a rush by the senate democrats to release this report. it's not a rush. it's something they have been following for a long time. it's a very important topic. >> did you find the day, the timing odd? >> with regard to what? >> gruber was testifying the same day as this and they said i have an idea, why don't we hold both hearing concurrently. >> the point i would like to make, on one hand we have this
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extremely important topic of the torture tactics we used. it's a very important national debate and we have the academic who was an adviser on obamacare making comments -- hold on. >> we have video now in 2010 that said he was an author. >> okay. >> let him finish. >> let me finish. he's an academic adviser making comments in an academic setting. should we have transparency? absolutely. >> he is never going to compete with rectal feeding on the headline scale. >> i don't know. we are going into the rectal area. i'm telling you. >> here is the thing, i don't get what adam is talking about. we can all have opinions and debates, cia interrogation methods. it impacts none of us physically, directly. obamacare, every american -- how
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could you compare or not compare the cia interrogates tactics to the obamacare sham that was force fed on us, lied about and will bankrupt the country. you don't think that's what's important? that's a key to pull the fleece over our eyes. >> i want to answer you. on health care, of course it's critically important. it's an important topic, we should debate it. >> it gets to the issue of who we are. it gets to it. >> i might point out to people, what proceeded a lot of this or not so nice guys ramming planes into buildings, now a group of guys going around beheading americans. leaving that aside -- leaving that aside, the idea that we hide stuff, we hide stuff and then we try to reframe stuff. >> the report -- the
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interrogation report hides stuff. it hides the context in which this was going on when we thought or knew there was a second attack being planned. there were reports of nuclear weapons being brought into new york city. there's so many things wrong. >> they forget that history. >> they left it out of the senate intelligence committee report. what they left out was talking to anybody with direct responsibility or planning for the interrogation tactics. i want to say this, though, congressional approval rating fit 15%, which is higher than it has been. that's why it's about placing blame and theatrics and not doing anything for this country. >> they also left out what these enhanced interrogation tactics, some people call torture, did. we found people that did bad stuff. we stopped terrorist plots. they went out of their way, if you read the reports to down play that. if you read -- i have read
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everything. >> they take your -- >> what's that? >> direct issue with your point. they say they had the information. anyway, that's their specific point. that's why we are talking about it. because the democrats on the committee say -- that's what the democrats on the committee say. the republicans say they got it throw the enhanced interrogation methods. they were terrorists. they weren't soldiers in uniform, terrorists. >> bottom line, if you are going to be for releasing information in the name of being transparent and open, then you might as well open up everything here. you can't pick and choose that stuff the way it seems to be done. the health care law is getting pricier by the second. meanwhile, are you buying a new home with only 3% down? we heard this story before, the last one, as i recall, didn't end well.
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biotene can provide soothing relief and it helps keep your mouth healthy too. biotene, for people who suffer from a dry mouth. i'm kelly wright. now back to cavuto on business. who says you can't go back? uncle sam is letting you do it with no money down. true. from the folk who is brought you the mortgage meltdown, what some are calling a return engagement. fannie mae and freddie mac dangling a carrot to get buyers off the stick. i can't be the only one seeing
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the stick here. >> it gets scary. after what we went through, they are desperate. first time home buyers, are doing different things. 620 fico scores. this isn't the problem. young people and other people don't believe in the american dream anymore. they don't believe in investing in the future. they are living in a moment because they lost faith in it. >> 3% down -- >> you can already get a 5% down loan. >> fha and freddie mac? >> they are lowered to 3% and 5% from fannie and freddie loans. there's a bigger problem with them. controlled by the government, the profits go straight to the treasury. they have spent a quarter of a trillion dollars into the u.s. treasury. it's $38 billion more than the bailout. they paid that back plus 38
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billion dlarls. you know what? here is the thing. these are revenue sources for congress, for lawmakers. >> i don't like the name, fannie mae and freddie mac. ben stein, what do you think? >> i think if they are doing favors, why not have nothing down mortgages. this is begging for problems. the slightest deviation in a work habit, they are under water, put the house on the market and we have a new crisis. i think the stock market is better for people than a house in any event. the idea is when you have little skin in the game, you don't really have skin in the game. you are not really caring that much about what's at stake because you don't have a lot at stake. >> i agree. i don't think they should be involved in anything less than 20% down loans.
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i agree with ben, it's stupid. where i disagree is i don't think the young people have no faith in the american dream, i think there's a shift in interest in home ownership. that might be a good thing. >> this goes to all time low birthrates, family formations an getting married. the different things people save for. they are saving their money so they can buy the bag they wanted or go on a trip they wanted. listen, i'm telling you, there's a malaise in this country. that attitude -- >> go ahead. >> that monotra of everybody has to own a home, you are not a family unless you are a homeowner, that got us in trouble in the first place. >> what actually got us in trouble in the first place is the government endeucing people to own homes, to make it -- >> a goal. >> my old man put down 20% on a
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crappy house, but put down his 20%. people don't do that anymore because we have low interest rates, banks handing money to everybody. i have no problem with the treasury getting money from fannie and freddie. >> that's not my point. my point is congress will never reform these things because they are money machines. they are revenue sources. they are spending money -- this is what they do, if they lower the down payment requirement -- >> if they are making money, what's wrong with it? >> because the government -- why can't we have a private mortgage market? why are they now forcing -- can i just say one thing? why are they forcing fannie and freddie to spend half a billion dollars into slush funds for housing the democrats will benefit from? why is that happening? >> in your world, you wouldn't have them? >> no.
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>> if we -- that's a problem, too. we got rid of fannie and freddie, the housing market would go down. >> that would be the excuse forever and ever. >> that would not be a good thing right now. >> it's not good they are the two guys involved. what created the crash was the ability for wall street to chop up the loans. they knew they had one place to float them, fannie and freddie. that's what the federal reserve is buying. this toxic junk from fannie and freddie. how did they make so much money? they sold their crap to the federal reserve. what a happens when the crap when it blows up, we don't know. >> okay, so you don't like them. driving electric cars and driving taxpayers crazy. the forbes gang is leaving us busted. why more bosses are saying no thanks to millenials who
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>> young, restless, clueless? think about this hiring a millennium. according to a new survey, around half of millennial s entr the work force with a sense of entitlement. match than? >> they do because their parents spoiled them. gave them a cell phone at 12, turned driving age, go the to have a brand new car. >> what if i did? i was trying to be generous. >> you know what? then they go instagram, open an account, think they're going to be kim kardashian. >> okay. wrong person to call on first. charles? >> i have to agree with everything dagen said. in part, i've hired millennials. my son is a millennial we're going through our issues, i spoiled him, but -- >> i'm not dr. phil, just asking -- is it a phenomenon? >> yes, it is. >> ben stein what do you think? >> first of all, i've met charles son. he's a fine young man.
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i don't want to hear anything bad about him. >> he is. >> my experience, most millennials are pretty damn spoiled but i was incredibly spoiled when i entered the labor force, too. my wife, spoiled. i think it's a characteristic of young americans to be very spoimed but there are plenty that work very, very hard, and it very much depends on the person i don't think you can generalize. >> i was so spoiled as a kid. just kidding. >> you were the child of a union man i. actually worked once in my life. the greatest job security an old man like me has is millennials. they don't work hard enough, aren't smart enough, don't know the issues. that's why i love millennials. >> the demo thing, tried to appeal to young viewers. >> i thought old people watched. i was appealing to the -- >> you're not helping. >> trying to get others to watch. >> exactly. adam, can you rescue this, please? >> i can. in fact, i can.
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i just think it's incredibly hard to generalize, a bunch of millennials i work with including at fortune magazine amaze me. >> how many millennials work at fortune? >> quite a few. we hire a bunch of young people. >> to do what? >> low-level reporters. we don't pay them nothing. we pay them something. >> they work fors 3 $3 and hourd work hard. >> every generation has cocky, attitude kids. i'm sure that wasn't you in all that. make a big deal but there must be something to this. you read into the surveys and hear the ceos, their lieutenants saying that you can't find good help today. blah, blah, blah. >> it's not just, slightly joeshgi i joking about the parents. >> no. looking at me when you said it and it hurt me. >> do people see themselves now as famous, and deserving of attention, and wealth based on a
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flippant instagram account. >> you know what's next? they want a show named after themselves. >> and think about this -- >> when born, a series. when born, in the 1990s. >> that's right. >> when we had this amazing economy, everything was handed out. put your money in the stock market. >> we mean well as parents when we do it. right? we mean well. i've done it. >> listen, i know that every young -- young people are wild-eyed but there's no way that the past generations of young people were this spoiled as this generation. >> a difference between being rich and supportive and lying to your kids. >> new figures on this show. average viewership, 80 and above. thank you. >> all right. my thanks to dagen and charlie. you kids stick around, because -- up next, stocks this week shaken. but our stock experts steady. that's what you get with age and wisdom. y'know what my business
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people on the planet and i said that -- that is an accurate impression. very accurate impression. >> god bless you, sir. >> very nice guy, uncle louisen. we continue. with david asman, right now. more research and incentives we can break our dependence on biofuels and become the first country with 1 million of electric vehicles on the road by 2015. >> it's almost here and guess what? nearly four years and $8 billion in taxpayer funded loans later, we're nowhere near the president's push for americans to have 1 million electric vehicles. in fact, we're more than 70% away from that goal. and that's why some here say, stop using our tax dollars to try to make us buy things we don't want. hi, everybody. i'm david asman. welcome to "forbes on fox." into focus to find out steve forbes, rich, sabrina, plik
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