tv Forbes on FOX FOX Business March 15, 2015 9:00am-9:31am EDT
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pockets are gathered to the proper price. >> if apple was at 7 it would have been already in. >> if he has found another apple my hats off to him he can buy the houext door to mine. >> duly noted. >> i will see you soon, neighbor. >> cost of freedom continues now with david asman. here is dave. a letter sent to iran by republican senators setting off a political firestorm this week in both parties, but lost in the shuffle was the far more important news that saudi arabia, so concerned about a possible weak deal on nuks between the u.s. and iran is that they just signed a nuclear deal of their own with south korea and now a lot of folk worrying about a middle east nuclear arms race that could put our global security nd and committee at risk. we will come to "forbes on fox." let's go in focus. rich the saudis clearly don't
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need nuclear energy they have enough oil to last for eons. this is about a nuclear arms race, is it not? >> it surely is. and it shows that the saudis gree with prime minister netanyahu who said that this deal doesn't prevent the iranians from getting the bomb it paves the way. so even though the saudi arabia and egypt and all the other countries in the middle east have been very wary of iran, this is going to accelerate their development of nuclear weaponry and it does create an arms race. >> bruce, i didn't even know that south korea had a nuclear program, they do had this would be the first step in arming saudi arabia. clearly they're not going to use this for energy, right if. >> i don't think that this is going to start an arms race. i think that we have to remember, here, that the deal, which we don't know what the deal is with iran yet, but we do have a ion if i had front with the united states, russia, china, great britain and others. >> our good friends the russians, right?
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>> steve, the point -- the saudi arraign yans have already talked about that in fact, the foreign intelligence chief of saudi arabia, i quote him as saying this is to preserve our regional security. it requires that we work to create a real balance of forces and to be ready for any possibility in relation to the iranian nuclear file. so clearly the saudis are reacting to what they feel fear is going to be a bad deal. >> when you let iran raise in the middle east we're going to get this deadly nuclear arms possible holocaust, the saudis are developing a bomb, egypt has made a deal with russia and you know the turks are going to do the same thing. it's only a matter of time that the bad guys, terrorists are going to get it. this is a disaster in the making, u.s. weakness dee gets disaster. >> emac, when you think of what's going on in the middle east, you add nuks to that, the iranians are in prak after we
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spilled our blood and treasure on that country, you add nuke to this and this is awful. >> this is really awful. ten middle eastern countries have expressed interest in uk near energy which is the first step towards a bomb egypt, turkey, bahrain and the uae. the i wish issue is who is going to sanction saudi arabia if they do this? israel will not possibly do military strikes to saudi arabia, it has the holiest is that riens in the muslim world so they would be -- have to avoid that. i will tell you something, david, the fwakt that saudi arabia has agreements also with three other countries besides south korea to look into nuclear cooperation that's very telling. >> sabrina, it's beginning to make that republican letter look better, isn't it? >> yeah, well yeah i'm concerned about this, just like everyone else on the panel i think, and i was talking to catherine herridge from fox news and she was saying, look just talking about enrichment will drive an arms race in the middle east. the fact is this is bad news and
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if we look at sort of our experience with north korea we have been negotiating with north korea for more than two decades and we have given them one concession after another, we have seen you know nuclear arms pro live rate it they now have over 16 ever them. this deal is going to cause much more harm in the end. >> john, i've said this before we do save you for last because we love you, but you have -- also have kind of a con trar yan notion on this. go ahead. >> naturally i to. there's no controlling for the final destination of knowledge or materials. iran and saudi arabia have means if they want the bomb they will get it. so what i don't understand about all this talk about whether the negotiating is strong or weak is we are talking about regimes that are largely deemed as corrupt. so why do we think that they would abide by these deals if the first place? i think almost a better strategy would be to ignore these countries. >> rich, what about that, ignoring them? >> well, you know, you attach a
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nuclear bomb to an inter continental ballistic missile and that's why you can't ignore these people. number two, during the cold war there was something called hutly assured destruction, that meant you could count on the rash nalt of your enemies. the soviets did not want to commit suicide. you can't count on that with these iranians. >> bruce, the acronym for mutual assured destruction is is mad. do we really want to go back to a pad foreign policy on nuks? >> no but when you talk about things being ignored, i think what's being ignored is this letter. i mean, the letter has 47 senators on it but you did not get bob corker who is the chairman, republican chairman of the foreign relations committee and it just doesn't look like we're speaking with a unified voice. i think that we could -- we're being i go forward globally because of this noise coming out of washington. >> steve, it is true even among republicans there's not a unified voice on this. senator cotton who came up with the letter is getting a lot of flak from the republicans, too
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right? >> he's getting flak from some republicans who felt cotton was going on their turf. that's politics, turf battle. the tact of the matter is republicans are fairly united on this and the country is divided. i think most of the country realizes you can't trust iran, only the white house and secretary of state kerry trusts iran. so this is a bad deal and i'm sorry that u.s. senators have to instruct a foreign country about the u.s. constitution when you make a major agreement it's supposed to go before the sthat. >> let's bring it back to money because a lot of americans are getting sick of our foreign policy and spending money, our physical treasure, our huchl treasure as well as our physical treasure. wouldn't a nuclear arms race in the middle east end up costing a lot more than taking some action right now? >> you know, that is such an important question because, in other words, where do we -- how do we place our investments is this we know that trying to take nuclear enrichment away from the iranians is is like trying to take a cracker away from a
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crocodile. they're going to get it and that's what we want. how do you stop it? i don't think the leadership here in the united states is strong enough to get the iranians to get back on their heels and stop tear development there. >> sabrina you're in d.c., you know how the folks work down there. str is there a reluctance to get involved in something at that might cost money or what? >> actually, i was just thinking about this in terms of the debt and deficit and how we're going to talk about. i think we have to remind people that we.can't drain every part of the government. the defense department is is going to be important. we're being to have to make priorities. all the more reason we're going to have to tighten our belts in places like entitlement. >> john tamny, some republicans senator mcer cane and others say we don't want to go back to sequester and limit the amount of money that we spend on defense, particularly now with a potential nuclear arms race in the middle east. >> i don't necessarily see the point. let's face it we have spent decades creating in fiddle
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castro a global phenomenon. the same thing with north korea. we have made that country a global story needlessly. are we going to do it again with iran? does there come a point maybe the better foreign policy is to stop paying attention to these i will relevance yees and in doing so elevate them. >> rich, you and i are i think old enough to remember the cuban missile crisis. cuba was not just a nuisance on our back like a mole. >> that was the soviet union. >> the soviets place nuclear weapons on skew ban soil. sometimes you do have to take action against little creeps. >> you know in 1962 we ---el world almost went up in conflagration. i think people forget that with the passage of time. that was a very dangerous few days in world history. >> we forget how close we were to nuclear war back then. looks like we maybe getting close again.
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wright i will see you back here at 2:30 eastern with julie ban dare res. now back to "forbes on fox." >> politicians on the take. with he keep hearing about it from lawmakers to governors to cabinet members and amid new allegations the justice department is beefing up on cracking down against political. kroiny capitalism is right at the heart of this problem. >> trying to legislate away pay to play is like trying to pass a against bad weather, it's going to be totally worthless. the problem we have is too big of government and spends too much. as long as government is spend ag lot of money there will be people trying to influence those allocating that money. shrink government is the only fix. >> emac, when i look at the
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capital with all those things around it now as they try to fix it up i'm worried about whether they can do this. they're trying though. should we support the try? >> i think you should support the try. i think that the justice department needs to get serious and unleash their army of lawyers and redirect those lawyers away from harassing businesses and banks who are treated like a line item in the doj's budget with all the settlement is money they're getting out of them. shrink the government, but any government you're going to have is going to have corruption in it and it needs to be stopped. >> deef steve, one of the problems is selective justice, the justice department goes after some people and they have gone after some democrats, too, don't get me wrong, again, you look at hillary clinton when she was senator she took $100,000 for the clinton foundation and turned around and gave him pls of dollars in these federal loans for plo jekts. i'm wondering why what she did is legal and what the governor -- the former governor of virginia did is not legal.
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>> well it is selective justice and she you see it all around the world. chinese purge is a political purnl. senator menendez in new jersey, just a coincidence after he blasts obama on cuba and iran suddenly these charges get resurrected. it is political. you saw it with the tea party. it's not pay to play. you fight genuine corruption where somebody took a bribe to do something. but this other stuff is pure politics. >> bill as john was saying the government is to big though that you just can't avoid politics. >> the question comes on to this, do we want to give one more tool to eric holder's department of retaliation? >> i think the way you phrase it the answer is clear. >> well no. reluctantly i'm going to say yes. >> why? >> because i think it's too easy for politicians to high graft in foundations and i think the only way to cure that is to excel disclosure of all their donors. >> mike, that means we have to trust the department of justice
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that in many ways i don't think is trustworthy. >> this department of justice isn't -- >> bring al sharpton into it. >> i think it's regardless of party, david. i agree 100% with john. i mean the corruption will not be reduced unless you reduce the power that the politicians have and that means reducing the amount of money we send to washington. we've been adding rules for years, we've been trying to stop this for years but yet we keep sending washington more and more money. >> bruce, you must look at washington with a lot of jealousy because the folk in chicago had it all over everybody else in corruption for a long time, now it looks like d.c. has got you guys beat. >> this topic is who are in my wheelhouse than obamacare and the history of hawk eye football. mr. forbes had a great interview with governor rauner at the forbes summit in chicago and he talked about how four of his eight predecessorsfredpredecessors
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have gone to prison. it doesn't matter what kind of laws you create, in my opinion you need to beef up prosecutions and you need to maybe streamline the judges and prosecutors and get these folks after these people. it's not been a problem finding them and putting hem in jail. i don't think we have a big enough justice department. >> i don't know emac -- okay, but i still am not vinsd that with a government this size you're going to stop corruption with the right law. >> you can. there's no shortage of laws, there's shortage of backbone. that's the issue. we have, instead, we're' lying on inspector generals who can't do depositions or subpoena and they get their budgets from the agencies they cover. so they're often passing off these things like a flaming pork u pine. you need real subpoena power and backbone in washington, d.c. to stop the corruption. >> john, the one of the most -- some of the most corrupt countries in the world have a lot of laws against corruption and get, again to emac's point it's the fact that they don't really prosecute well.
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that they're too much political interference with the justice process. >> laws are not going to get rid of corruption. we are trying to fight human nature and saying if we just do this we will end this. we are talking about $3.5 trillion being allocated every year. i don't care what you do how big the laws are, people will try to get around them to break them to get after that money. we're talking about symptoms, no the problem. >> it's like steve, what steve was saying about the communist comply niece they're always having these corruption crack downs year after year not realizing it's the system that's the problem not the individual cases of corruption. >> unfortunately, david, in this country we've more more and more to having one big party run this country there's very little difference between the democrats and republicans and as you accepted them more money this one party is going to have more corruption. >> we've got to break it out. the "cashin' in" gang getting to roll at the bottom to of the hour. what are you got coming? >> hi, david. the hillary clinton e-mail scandal is now tleegt our tax dollars, plus college professors
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supporting a plan to ban the u.s. flag on campus. did i mention this is a taxpayer funded public university? see you guys at 11:30. >> we will be watching. thank you very much. up here first, isis setting up its own social media network to recruit more killers after it got shut out of facebook and twitter. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business
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it's called caliphate book i kid you not after facing bans from facebook and twitter and while hacking groups say they're working on taking down that terror site, bill said we should keep it open. >> i think you should keep your friends close and your enemies clover. let isis rant and rant on the internet, let them keep recruiting on the internet so you can keep an eye on them. >> wow. this is -- steve this is very vile stuff. you look at some of the stuff that's on this website, they say, you know, we like death more than you like life. i mean this is awful to keep this stuff up. >> yeah we're at war with isis and similar groups and that's why we should harass them at every turn and it's not just the web david we're got to get them also in the middle east and africa as well. this is a total war we've got to wage it. and the idea that if we had them on the website they're going to give us all their secrets we have to go this deep, mosques and elsewhere. >> on the other hand, sabrina, there are some ways that you can track sites once you get their
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url. there's something called network solutions.com. you type in the url and look at what you get, you get all kinds of information about who set up the site, when, where, et cetera. >> i think this is a very different case than sort of when we talk about a physical war where we say why don't we bomb the railroad tracks or why don't we interrupt their activity. in this case as offensive as it is to our western sense iblts i'm with bill on this. i think we keep it up. gives us an insight as to what they're thinking, we can track people. there's lots of reasons to be wanting to keep things aboveground where we can monitor it rather than sort of pushing it further underground to these cells that are hard to track. >> rich, do you take it down or keep it up? >> steve is absolutely right this is a war, if it were a physical war you would disrupt the men me's supply chains. now in this case you disrupt their digital supply chains and their ability to recruit. we have to fight them everywhere they are.
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>> we have a split decision. mike you break the tie. >> with all due respect to don corleone here, in an err era where the muslim brotherhood has easier access to the white house than the prime minister of israel i would not want the government to have more control over the internet. >> the point is that you use the tools that you already have to find out whether wr these guys are so you can kill them. >> i like steve's idea of having more work done undercover. i think we need to send agents, maybe as far as syria to infiltrate. where are they going to get their leads unless we have something to watch. >> you get the leads the way they get recruiting here. they may not do it open on the internet, but they have to go out and do it and you know where they do it and you go after that. that's what informants are for and the like. we've done a good job, we need to do better. >> saab that, go ahead. >> i was going to say this is just another opportunity for our
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intelligence opportunity community to insert themselves of course stealthily because there are more people, there are different ways that they're communicating. there's going to be mosques, also online forums as well. >> thank you, folks. coming up here comes march madness we're not talking college basketball, we're talking about the stocks that could be a layup for you this march. stay tuned. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.
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we are back with our march madness picks. you like india emac. >> this is an india infrastructure etf it's cheap india is expected to make a come back double digit economic growth expected. >> a basket of indian stokes. >> i like the fund, i will a little worried that the nation will sink back into the swamp of socialism. >> you have a utility company. >> electricity pricing getting so confusing there will be more opportunities for people like this to overcharge.
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>> bet on confusion. >> this is a slow return kind of investment if you like slow and safe. >> at least it's safe. tha it for "forbes on fox." thanks for watching. keep it right here the number one business block continues with eric bolling and "cashin' in." it it was allowed, others had done it. there were no security breaches. i did not e-mail any classified material. >> don't worry, people, nothing to see here. madam secretary says no classified materials were sent. 60000 e-mails sent, solely on your personal e-mail madam secretary and none were classified. by the way, what about received? in four years at the state department they never sent you a classified document? not even during the benghazi terror attacks? none? not one? now we're hearing she used her personal blackberry and
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