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tv   Cavuto  FOX Business  April 27, 2015 8:00pm-9:01pm EDT

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idea. thank you so much. >> thank you. >> that is it for us, coming up tomorrow major general robert scales on a new policy on paying ransom to terrorists, good night from new york. neil: here is the proof you need to the koch brothers are a big deal, president obama goes out of the way to make a big joke. >> a billion dollars from just two guys, they feel they need to spend a billion dollars to get folks to like one of these people. look, i know i raised a lot of money too, but in our fairness, my middle name is hussein. what is their excuse. neil: he got a good laugh. even though in last two
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presidential cycles democrats swamped republicans with raising money, it is doubley weird because when it comes to money nothing comes close no one comings close to hillary clinton's money. not a gag or a giggle about 2.5 billion she will have in her campaign warchest. to steve moore who said get stuffed and get fair and balanced. if you joke about one side joke about both sides. on left we have maxwell. you don't think this is a farecompare son. >> no because on democratic side in beginning. agreed to by supreme court democrats, were opposed to putting that much campaign cash into the campaigns. neil: but they happily did it. >> it was pay to play.
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if you stayed out of the process you were at a disadvantage. >> are not saying you were dragged into this. >> it is either stay out lose, pay or get money and win. neil: steve moore , what do you make? both sides you know depend on this? neither will laugh away? >> look, we'll make a decision in about 18 months. about you know who will run our 4 trillion dollar federal government. do i think that spending 1 or 2 billion on presidential campaign is excessive? probably not that is about half of what coca-cola spends a year to advertise the soft drinks. neil: you are not calling candidates products are you? >> well, look. they are selling themselves. another quick point. liberals and democrats go with it hillary of pretty much
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caught red handed inned scandal with russians and clinton foundation, she said, oh, we have to take money out of politics. she will be miss campaign finish reform to blame the system rather than her own corruption. neil: too early to say where thattens up, but the big issue is money again. >> a good point. neil: gina? >> well, you know i think that americans have to make a decision do they want a candidate who will be to the republican side who will have taken money from pro free market people who believe america should prosper or do they want a candidate like hillary, who has taken money from foreign governments who want to opress women and kill gays. neil: i mean, you could go ahead simplify who is giving them money, what motivates them. each side believes that money is
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coming from those causes to which it is near and dear. all i'm saying, when it is made light of, i begin to wonder whether we play this and pain this fairly, all republican money is evil, and is thetious >> is suspect. >> it is not that, democratic policies don't support the rich. it is not about -- >> they protect their interest too. >> what about this gad illionaire -- gaza ill an your for protecting protecting protecting climate change. >> they articulated in mind the world they want to see.
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neil: a multibillionaire doing the same. >> i don't think that is the same. neil: they are billionaires. >> one thing that koch brothers are doing in this particular moment not just two of them but a collective of people who have not only funded tea party. neil: gorge soros was the -- >> not to on the same scale. >> i'm not sure about that. >> i'm giving credit. >> >> they always. >> let me. >> they always out spend republicans, democratic party is about richest people in country or world telling poorest people they are being opressed. >> let me give you an example. no question wall street cash will be behind hillary, wall street can support whatever they
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want, you can't attack rich people for supporting republicans, there. >> democrats depend on high-end donors you forget the unions, they are spend -- >> they don't have as much money. neil: >> they spend hundreds of million. neil: all said and done. >> the system is rigged against the little guy. that the problem we need to fix. neil: you don't want to disarm the way things are. >> you first republicans first. how about volunteer. neil: all right, thank you all. >> unilateral disarmament. neil: there you go. what does this say about a good defense. i should have listened. >> 2.35 million dollar that is major. >> out of 2 billion. is not major even by any definition.
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neil: that is the issue with sums that are so big 2 million out of 2 billion does seem small. he does have a good point. but that in and of itself is a lot about the pickle we're in. >> absolutely. when anyone runs for president they think i am launching a bid the first question they have to ask themselves, and answer, can i raise a billion dollars maybe 2 billion that problem for republicans as you have so many republicans in this feel they are going to billionaires not millionaires to first make their case. neil: maybe he is right about what hillary clinton is thinking scheme of all money she is raising what is the big deal? >> yeah, no, and lenny has a point as far as percentage. we're talk about campaign spending, it st a free country we have supreme court that weighed in on citizens united. there are critics of that decision but have you as you were just talking about people
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on the left, and the right trying to influence who'll be the next president and but the money is just staggering, if you look baca reagan what he spent this is have a fraction of what is going on now and jeb bush's strategy to raise so much money it will stair other republicans. neil: i found it interesting jeb bush was talking about what would be necessary to win in next election, he said, i don't think you need to spend a billion dollars to be reaction lekked president of the united states in 2016. he said, i think it necessary if you republican the right campaign you don't need the massive amount of money my immediate take away was you don't need a billion but you need 99 9 million. >> -- 999 million. >> true. >> look at rick santorum 2012, he won iowa he was main challenger to mitt romney. other than newt gingrich, but newt gingrich and santorum had
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trouble getting on ballot in states, you do need that money you can get momentum about then you need money to follow you they could not keep up with romney's money. neil: do you think because so many candidates, at least 8 of dozen, will have at least 15 million dollars maybe more in the case, cruz 30 plus million and rubio 40 million. but all have a significant aim of pocket change that could keep the race going on longer than what would conventionaly be the case? >> i think so because republican are hungry, donors are hungry, whether they like rand paul or ted cruz, they will open up their checkbook to keep these guys in the race. but you do need a lot of money you have to be frugal, we've seen report that hillary clinton campaign is a lot more frugal than 2008. i think if you rally the base, if you have a following a strong following like cruz, paul, and
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bush with massive fundraising connection that help you i think that some predict that a lot of republicans will bow out of race early i don't see that. there are a lot of donors who are hungry, and will finance their candidate. neil: absolutely, you scoff at me but i say we will not have a nominee for the republicans. >> that could very well happy. neil: all right i admire that. always good thank you. >> thank you. neil: well bulls are running but the bears are kind of creeping up or wait, is this other way what to make of a market that won't stop? right after this. when cigarette cravings hit, all i
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neil: long in the tooth or long way to go? you hear compelling argument on both sides with that market. bulls say latest batch of earning proves their goldie lock point. a market not too rich. now, ty young is in that camp, then there are bears who say by almost all measures, 6 years is way too long for a party this party just like a lot of worries canwith it stop. and soon. dan, shaver in that camp -- dan shafer is in that camp, you see no reason to leave that bears camp. >> all number are pointing that there are issues with this market. none -- >> haven't they been pointing that way for a while.
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>> yeah since 2009, and 10. it is clear that balance sheet matches s&p 500 you look at vels on tie of moneymaking new -- velocity of money that is making new historical lows, and you look at civilian employment dropped back to tremendous levels, people are not in workforce, they are fudging the numbers for unemployment. velocity of money people exchanges money buying goods federal reserve has interest rates at 0%, this is not moving any of these indicators, which shows that the policies are not working and interest rate at 0%. neil: just a matter of time. >> a matter of time this big debt bubble of all these countries in world -- >> when? >> any point i om stand by -- i feel like i am on stand by, i am prepared for it to pop.
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neil: ty, what about you? i hear these words expressed a lot they are very clear worries what do you? >> there is right those are valid concerns, but it is hard to be a bear when market hits new highs of day, there are three reasons why i think first, i don't think they will raise interest rates this year, and so that is good for companies and what happens they can operate less expensively it help their earnings, more important those who are chasing yield have to go to market to get yield and our economy while our growth is dismal compared to the ref of the world looking pretty good, to yet on charlie gasparino, we are the tallest midgeet in the room when it comes to our economy. thirdly, sexy investment over last 5 to 10 years with emerging markets like russia, and brazil and -- has increased coming back
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to greatest mar net world united states of america all those things equal money coming in or buyers and sellers and market goes up. neil: he is climbing that wall of worry. >> that is there, you know, i don't agree with some of that, that money is coming in. i don't simone flowing -- i don't see the money flowing in what technicals are you looking at. a lot saying time to buy overseas, we have a stronger dollar that good, but if you budget amount of debt that united states has out there how can we raise interest rates in the united states? neil: 2009-2010 we have doubled. >>, of course, and so has fed's balance sheet is is the 5.5 to 6 trillion. neil: you will miss the whole rally. >> i am not denying that, there are great opportunities and great companies there are companies that say you can't get
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yield, and fixed income. you can get yield in the stock market, a lot of people are not prepared to take that risk. neil: if we see a hiccup or a correct will that chase a lot of people out? >> i don't think there is any question about question is what time -- when does this come? 3 months out 6 months out? we're bullish 3 to 6 months. and that is where the smart money is. neil: you are both smart so one of you is dumb, i don't know who, have you compelling arguments. neil: remember that president said you can open your doctor, he made another promise, that you see price of your health care go down. how is that working for you. neil: latest news from drug companies.
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neil: if it sounds too good to be true it probably is. how many times have you heard that. if it sounds too good for words maybe we need to reexamine the words and math behind all promises that if you cover all including those with preexisting conditions and let them keep their kids on policies through age 26, it is going to cost. common sense of basic math tells us more you curve the more -- you cover the more you will by for that policy. news today for price of drugs we use of day, "wall street
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journal" reporting a surge ironically triggered by healthcare law a consolidation wave among key pharmaceutical companies, particularly those buying generic big pharmaceuticals buy right or companies out right behind big drug, for example. as soon as a deal was done, the price for drugs shot up more than 200%, and 500%. telling "wall street journal" that it was just an opportunity to maximize value for shareholders branded drug companies since then have shot up 127%, journal reports that is more than 9 times retail inflation rate over the same period. it is clear that health care law did nothing to stop this. now to woman who keeps numbers
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and knows the books betsy mccoy. >> well they saw their opportunities and they took them them. don't forget way back in 2008 when this law was an issue. drug companies were told, you can have a seat at the table or we'll eat you for lunch they got a seat at the table and a lot of profession, there is -- protection there is nothing in this law to to -- the drug companies. the big democrats who'll run next time, hillary clinton out in iowa, and elizabeth warren, and bernie sanders all made an issue of price of retail drugs. they are not stupid, the fact is that at least half of americans take these drugs. and kaiser poll shows that americans are very sensitive to the price of these drugs issue because inlike your hospital bill or doctor bill they lot are
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actually paying the price for these drugs. neil: i am not so much for free gouging. >> that is a problem. let's be honest, pharmaceutical companies have the highest pretax operating margins any of industry except broadcasts. neil: i'm okay with that broadcasting. do you think they not only took advantage of this, but they are ramming it down our throat? >> no, i think there is a complex convergence of issues. many new drugs just in last year hepatitis c and cancer drugs and others, secondly, during the first 4 years this law was in effect, medication prices actually increases -- not prices the spending increased more slowly than spending on hospitals and doctors. and we to see evidence that
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spending on new drugs as costly as they are keeps people out of the hospital, and off the operating table. neil: i understand that but some were not justinvented -- invented. >> there are a lot of new ones on the markets. >> no who getting morerity are those where the company coming in -- buying company comes in and buy its then the next day they raise the prices. now one of these worms were to say our shareholders are happy but the people whose lives you are supposed to be saving are dying. >> they're unhappy and dying. >> maybe they should keep annual -- what i am looking at it okay,
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something need to be done, maybe more subsidies for people who really need them, we don't want to kill innovation,. neil: no, no wean want to do that but we're contemplating issues the danger with this that alarms me, is when everyone is status quo company comes in buy a company or drugs that are popular, it not rebrands the right or all of a sudden more powerful, and adding nuts into into it. it just is sell for more. >> trouble is who kind of regulating. neil: argument that healthcare law of meant to stop. >> the fact is i pointed out the get the drug companies to table -- now i think that politicians are going back. they done eat them for lunch they will make them dessert. neil: a great analysis, you tell them, you are 89 tumbling the
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price of something that can seiche their lives, you are evil. >> it is one thing to let a computer give you driving directions, but would you let a gps navigate your finances. >> if charles payne were a robot, jackson. but charles payne is not a robot, but he is next. and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache.
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neil: can artificial intelligence lead to real cash, charles schwab unveiling roboadvisors that offers clients automated investment services, charles payne said, you have to be careful because these things can't do what humans do. the companies say when it comes to advice, they are kind of mimic what humans do. >> they say that but interesting thing this one article in journal they take 5
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different robo, advisors they put in a typical account they think they run out same intelligence. they would get same allocation could one firm said 30% u.s. stock, and another other said 44%, and one 30% international stock, and one 36%. neil: wouldn't the human individual be the same thing. >> yes the point is there was a magic algorithm grilled they would come to same conclusion, you know but the idea they all come to different conclusions points to fact that human beings do program them. neil: they are cheaper than you. >> but you know, it hard to communicate your real feelings as an investor. right now most important thing for investors and people who handle their money is the relationship through rocky
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periods, a lot of investor feel like wall street let them down in the last couple of meltdowns of that not there guy they met for a beer who was under performing, did not tell them to get out or stop them from being their own worse enemy. neil: you open the pod bay and hal can do the same thing? >> perhaps maybe hal will say hang in there are long run or don't worry about it. neil: i think it is just a matter of time, call up a machine, if you know if you need to be counseled press the pound key. >> i think people that lost money with the same broker for 40 years. neil: but they keep coming to you, i really admire that. >> it ain't me, [ laughter ] i like that one. >> by the way while i have you here what are you looking at. >> marriott, global hotel market
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amazing this stock made a huge move but they have had 1% penetration in europe, maybe two in africa, caand middle east, the world is on fire, this is a great way. neil: this is a global world. >> for american expertise just an amazing family and organization, i think this one you want to buy. i think one of the robot guys would agree. neil: what does charles charl charles payne say how do you know i am not a robot -- >> you have too much of a personalty. neil: a deadly earthquake in nap nepal, it is conis con consis consistent. we get warnings with hurricanes,
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and tornadoes, but why not earthquakes?
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neil: you heard about that earthquake in nepal the death toll keeps going higher and higher it is 4,000 now it could be more. but, by historical records this keeps happening this region gets magnitude 8 quaker there abouts every 75 or 80 years almost without fail. so why why -- didn't ciancia we see this coming, but he said, unlike hurricanes or dig big storms
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there is no way to predict them. >> we do have knowledge of the earthquakes and repetition but it is impossible to prediction, year day and month. but we know they will happen in the future. neil: i am going to hit you with a bunch of dumb questions i wonder when hurricanes, and tornadoes, there is an ability. with earthquakes no, is there something that happens beneath the earth that could send a warning to people, we're getting some type of plate activity or something? that would give people in those regions, time? >> well, for meteorologist they use radar and satellite imagery to see the storms coming from hundreds of miles away.
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in earthquake science. we can do is, developing early earthquake warning systems these are in beta form in western united states they have been imminented successfully in japan and parts of mexico and china. what the programs do, here in united states, usgs has a program called shake alert take seismic waves travel slower than communication waves first seismic graph stations can defect that earthquake transmit it faster than seismic waves can travel. and that right there that competition the speed of our communication allows to us give from a few seconds to a extreme situation maybe to a minute notice to cities in far enough away from epicenter of a large quake. neil: that would be just a few seconds to a minute to live a struckture that might be in
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peril, that not a lot of time it might introduce more panic. >> that will give you a few seconds to drop, cover, hold on, protect yourself, but if you are a surgeon in middle of surgery give you a few seconds to put that knife down. give you a few seconds to slowdown or stop, railroads high-speed rail. you will know a few moments to open doors on firehouse stations and ensure that firefighters, can have access to the trucks and respond to emergencies. so these few moments are quite precious and can prove to be valuable when a large earthquake on its way. neil: good to know, scott bennett, research geologists. >> thank you. neil: frequency of events are pick up because of this climate
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change? governor said cool it, i always think of you in terms of katrina how well you handled that at the time. 180 degrees from where what was going to, what would you do with seconds that would come with a warning like this. >> before you think about second minute big problem in kathmandu there are 3 million people living there there are tremendous high percentage of structures in the town the city, are not built to any kind of standards. there is a respect that maybe 80% -- report that maybe 80% of buildings in kathmandu a city of 3 million people were built without engineering expertise. one thing you learn if you have to deal with a mega-disaster preparation is a huge part of
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saving lives and protecting property africa trina -- av katrina we en stawted instituted much stronger building codes. i can assure you there are stronger building codes you can prepare not only a few seconds or a minute ahead that was very good to learn but you should start preparing if you live in an area, long, long before that. to make your place make your community more resilient where more people survive. make it where there is less damage to the physical structure. that to me is the first kind of preparation one would think of with a earthquake. neil: especially in an area like you are inclined to have earthquakes like japan they say they don't have earthquake proof, but more ris resistance ones,
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but what do you make of these who blame it on climate change. >> well they blame everything on climate change, they used to call it global warming it did not get warmer, they topped start call it climate change, i can tell you one thing is sure about climate change, obama administration remedies will be expensive for the american people. last year, as you know, neil, and all your viewers know, energy costs in united states and world went down present to usually, the -- precipitously the price of oil went down more than 50% natural gas pricing down. yet electricity prices in 2014, in the united states were at a record high. >> because woo. >> according to u.s. government. i mean, electricity rates are
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going up because the government's policies they are adopting in the name of climate change are driving those costs up regulatory costs of what we're paying for electricity is not only going up, but now with this clean power plan that administration adopted in the name of global warming is going to drive them up again, but you think about last year, when all of the other energy costs were going down, and we had record high electricity rates, well it was not because cold prices or oil prices went up it was because of the government regulatory regime, and everyone watching this tv, you just get ready if the president get his way he will make his statement come true, he said, before the election in 2008, he said, under my cap and trade flan electricity rates will necessarily skyrocket, that is
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what they are getting ready to do to average consumer of united states. neil: already happened, governor thank you very much good seeing you. >> thank you neil. neil: japan's prime minister is coming to down, does he have a deal for u.s. taxpayers. >> you go first, have we get to board bullet train right now only japan is making them circumstance this guy going to be hawking them. "depreciation" they claim. "how can my car depreciate before it's first oil change?" you ask. maybe the better question is why do you have that insurance company? with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance.
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inister of japan. let's say why they call him a rock star, not just because plays the dwit the guitar and loves elvis presley. when it comes to pushing high-speed rail, all others are
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way off the track he is not only meeting with president he will tour country pushing bullet trains japan invented them but voters here are not huge fans of them. to jolene -- are they onboard they are cost productive. same sale not going as well. >> this is big sill from japan idea of mastery of high-speed railways we have slow trains. japan has been doing this for 50 years. in california governor brown has broken ground, if you could speed up east coast and west coast, and states in the middle it would really be revolution air. he has a dog in this fight he wanted to lift up of japanese
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economy. >> who using this technology. a lot of countries are won't constrained by areas that you cannot go by. >> this would be a state by state issue or a federal issue with a lot of complicated questions that have to be answered. that is often times a problem with the traps it in united states with airlines and car companies and everyone that wants a stake from government. >> to issue two worried about getting hacked? paypal wants to try hash word -- and brain implants. >> he said more and more passwords we have to have the more complicated they have to
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become as a human you have to remember them, create a password tra too or biometric why your metrics could be sent out and incrypted then sinked up. that is a pill with a minicomputer, that would go in your stomach and say there. neil: that is bizarre. they cut out a guy's eye put it in front of the scanner i see where there is going. >> they are working on 92 new technology to scan veins on your hand and other ways outside your body to make the biometrics possible. neil: how is that your code. >> you have a unique biometric data that would sink up to your account on google or something like that. neil: very scary your whole generation, the world is lost, jo ling kent thank you very
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much. >> we had car czars and climate czars, we're almost hostage to czars, so why not? a hostage czar, i kid you not.
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neil: ever sends the hostages were taken some are convinced that we need a central person devoted only hostages. but bruce blakeman says that hiring someone to do this is going too far. >> do we really need another czar? we have had the obamacare czar the ebola virus czar. neil: but why would this be a bad idea? because we have a lot of
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hostages. >> well, they are unwanted officials. they are not subject to senate confirmation and there's those checks and balances. more importantly do we want one making the calls on military operations? i believe that we should leave it to our military leaders who are trained and not going to interject politics. >> you are assuming that they would be calling the military shots as well? >> what else would you have them for? i believe that we need to trust the military leaders look at the objectives weigh the pluses and minuses and the risks of an attack and let the military leaders make those decisions when we are prosecuting a war. neil: it's great covering if you think about it. that we will not negotiate as a government with hostage takers. but if the family wants to pursue this the family can.
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we stand by our official policy, while giving the family a little wiggle room to negotiate with terrorists. it's right. >> i don't think that we could open that the slightest. as you say could be detrimental for homeland security and now we are leaving the possibility open that we may negotiate. and look at what happened there. we have somebody who might have been a traitor. yet we have negotiated for his release. neil: for whatever reason that is why families are saying that you pay for him. that is exactly what happened. but i don't want to go the same way. >> our hearts go out to those people. the families, family members.
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but war is messy and ugly. we are in a war. we better realize i'd take it seriously and not interject politics into the prosecution of the war to protect ourselves and our allies. neil: sort of playing off the collateral damage, hostages are killed, but that doesn't mean the campaign to save american lives or other lives doesn't end with those attacks. that might be one of the fallouts. >> it is an unfortunate result of war. but we are not the ones are taken the hostages, we are not holding the hostages. basically we have to make decisions based upon what is best for soldiers in what is best for our security. neil: thank you so much mr. blakeman. this is an idea that has been tossed about by a number of democrats that says that we need a czar if you will come in to handle this. but we have been there, done
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that then confused and even the constitutionality of that. especially now that this involves sensitive issues like those in harms way. one person making the call as to how to get out of harms way. we have much more on this tomorrow night and we will see you then >> found in grandpa's attic. >> dirty, dusty old box. like wow. i don't know what it is. >> a discovery that will make the baseball world flip. >> you've got honus wagner. cy young. christie matthew son. >> i'm thinking to myself, oh, my god. i have a million dollars sitting in a chair. >> but is it almost too much of a good thing? >> it certainly changes the market in a negative way. (?) ♪ jamie: i'm jamie colby. i'm in

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