tv Forbes on FOX FOX News April 11, 2015 8:00am-8:31am PDT
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they sell used cars. people more apt to go to used cars than new. >> and those prices have gone up. adam? >> the vanguard balanced index fund, charles. this is for people who just want to get into the market with stocks and bonds. >> the cost of freedom continues with david on the place for business, fox. >> translator: the other party who is stubborn treacherous and hard to deal with and is known to be after trickery, after haggling, after stabbing others in the back. >> he's talk about us. that's not all. iran's supreme leader also accusing the white house of lying. he says sanctions need to be lifted as soon as any deal is signed and inspectors will not be allowed on military sites. that is contrary, by the way, to what the obama administration said when selling the plan. now some of you are saying this is great news for our safety and economy, but why? hi everybody. i'm david asman. welcome to "forbes on fox."
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our panel joining me today. is it a good thing if the iranians kill the deal? >> absolutely. at the very least it would mean they have time to get regime change. it buys time for that. also removes the real itch us the, the real pressure for military action by the arabs and israelis against iran. those neighbors are not going to let iran get the bomb, so if you let sanctions have a chance to work and bring regime change that would be for the good. but if you have a deal you're going to see a war. >> bruce, we have already seenl sides. we've had the sawudis bring together a coalition of turkey, egypt, the united arab emirates and others. they say if a deal is signed in june they may take action on their own. >> i'm not sure that would necessarily happen. i guess i would say -- and i know you guys love government agencies and so -- >> easy. go ahead. >> no the energy information
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administration, i have not even heard of this, they said prices could go down up to $15 a barrel if the nuclear deal happens. so clearly there would be an economic impact if the deal did happen. i think they'll pursue it because the administration essentially came out with that report. >> sabrina, i'll tell you something that would make oil prices go up if in fact there is a war between saudi arabia and iran based on the saudis ambivalence about this deal. they would choke off that strait of hormuz and nothing would get through. we get a lot of oil, about 9 million barrels a day, from saudi arabia. >> absolutely. any kind of unrest in the middle east is concerning. and of course it puts into sharp relief the fact we want to be able to have -- how important energy industry is at home. and we need energy independence. this deal needs to be scuttled. it's important we emphasize what kind of regime we're working with, what kind of impact it
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would have on the middle east and beyond and the fact it's going to spur more war in the middle east all of which is going to be bad for economy. >> rich, when you look at all of the hotspots now in the middle east that we didn't have a few years ago and you think about the -- we don't want to splinter our allies at this point. we need our allies, whether it's israel or saudi arabia together. they're not in favor of this deal. henry kissinger talking about the deal this week in "the wall street journal" wrote "the project nuclear agreement will reinforce, not resolve, the world's challenges in the region." >> kissinger is right. steve forbes put it perfectly in a one-minute summation what really the risks are over there. look, we still depend on saudi arabia for oil even though we're gradually moving toward energy independence ourselves. we depend on israel for a lot of critical telecommunications technology. these are our two friends. we should side with our two friends. and it looks like happily that the iranian intransigence is going to possibly blow up the
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deal. >> mike the only thing in saudi arabia's favor by the way, if they do go to war, is that iran is broke right now because oil prices are down and because of the sanctions. the sanctions one way or another would be relieved if this thing is signed in june. >> deal or no deal, saudi arabia and other countries that are our allies are going to take out iran's capabilities of making nuclear bombs. they're not going to wait for the possibility of a regime change. i think when that happens i think oil may go up only slightly and temporarily because the world is awash in oil. >> john, what do you think? >> i think all of this is irrelevant. they need our dollars far more than we're going to need their oil. so the oil is going to flow into the u.s. no matter what. what i think the ayatollah's comments speak to is the utter dysfunction in the middle east and it makes my point better than i can that it's not a region worth saving. why would we want to get into deals with corrupt regimes? >> the fact is that oil would be -- if in fact a deal is
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signed and if that propels the saudis and their coalition of forces to go to war with iran that strait of hormuz is closed, that means we will see tremendous interference with the oil flows and a lot of other trade flows. >> sure. whenever you have a war, you have unintended consequences. we should have learned that from history. the real danger of iran being able to get the bomb or getting close to get the bomb is that if saudi arabia does not attack, they're going to develop a bomb, they've already started. the egyptians have already started, the emirates have made it clear they'll do the same thing, turkey is going to do it. you want four or five countries in the worst neighborhood in the world having nuclear weapons? that's a holocaust waiting to ham. >> bruce it is the worsest neighborhood in the world and right now above any other time you don't want to splinter our alliances. you want to keep them together even with disagreements and keep our enemies at bay. >> that's a good point. also this shows what a dumb idea that that letter from tom and
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the gop was because it consolidates -- >> every week we hear about that letter from bruce. >> it consolidates power of the hard-liners and some people think this ayatollah speaking might have been a tactical political move and that maybe he's just trying to get some cover for the hard line and the deal might go forward. >> of course there's a lot of positioning going on san jose sharks brina. we know that's how the iranians work. that's how all negotiations work. but if they get just a little bit of relief from this hard line they're taking right now, that will make the deal even worse. >> absolutely. i have to object with what bruce saying. this is so easy to make this into a partisan divide. the fact is you reference the kissinger jnd george schulz article in "the wall street journal." this is the first time in modern american history we have seen two former secretaries of state come out in opposition to something like this. this is a sign it's bad for america, a bad deal. and i think we should be cautious not to turn it into sort of a neocon versus, you know, or a republican versus
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democrat kind of debate. >> yeah. you don't want to get in the weeds. thank you for referencing. it was henry kissinger and george schulz. rich, one of the things they talked about in that article was the fact this so-called snapback of the sanctions, if, in fact, the iranians cheat which is practically inevident fbl they cheat, but the administration claims they could snap back the sanctions. henry kissinger says once you get rid of the sanctions it's going to be almost impossible to get them back again even if they do cheat. >> sure. well, henry kissinger is summoning 50 years of negotiating experience, and that's why he's to be believed on this issue. but i just fear when you look at what the liberal press is saying about this deal, they're saying things like well, now president obama has the chance to earn the nobel prize that he won in 2009. and i think that makes it irresistible for president obama to walk back from a bad deal. >> yeah. steve even the president has questioned whether he deserved that nobel peace prize. if that's what's propelling him
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his own self-interest and his views in the history book, we're in trouble. >> well we're in trouble because he ha this really ununderstandable, weird view of the world david. he thinks iran is going to become an ally of the states. he doesn't mind iran becoming the dominant power in the middle east. he doesn't realize you're playing with nuclear holocaust there. nobel peace prize, u.s. secretary of state got it in 1928 for a treaty that outlawed war ten years before world war ii. and if world war ii didn't start when it did neville chamberlain would have got an nobel peace prize. >> we keep hearing he wanted to do for iran what kissinger did for china and there was a suggestion that kissinger would support what he's doing. he doesn't support it. that view of history, the parallel between china and iran just doesn't work. >> i don't think so and i think it calls for being cautious. for months we've heard that isis was the big threat. my understanding now is that iran is the biggest threat to isis can vanquish isis, wants
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to do it. i think what this proves is we don't understand that part of the world and it's so dangerous to commit troops to something we clearly don't get. >> we're not talking about committing troops. we're talking about keeping our allies close, trusting our allies more than we do our enemies. you heard what the grand ayatollah said. i would call him an enemy, wouldn't you? >> david lease look at it this way. he says he wants the complete destruction of the united states and israel. what more do you need to say? >> exactly. i think that sums it up. up next, so what do corruption charges against a big-name democrat have to do with reforming a government program that's wasting hundreds of billions of dollars that you have spent on taxes? the connection is there. taxpayers better pay attention to this one. sure. you seem knowledgeable professional. would you trust me as your financial advisor? i would. i would indeed. well, let's be clear here. i'm actually a dj. [ dance music plays ] [laughs] no way! i have no financial experience at all.
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obama and raul castro shaking hands. mashing the first time the two have seen each other since restoring diplomatic ties last year. the two leaders will meet later today as they try to normalize relations. this is the first extended meeting between cuban and american leaders in more than 40 years. big problems for the biebs. a judge in argentina issuing an arrest warrant for the pop star. he's accused of ordering his bodyguard to attack a photog there back in 2013. he was supposed to appear for questioning in november but he was a no-show. a spokesperson for bieber claims hey, this case thab rehas been resolved. i'm gregg jarrett. see you at 2:30 eastern with julie banderas. check out fox news.com for your latest headlines.news.com for your latest headlines. forget the corruption charge against bob menendez. is the real story the medicare fraud that was just exposed by
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this scandal? let me explain. senator menendez is accused of covering up for a doctor friend of his, melgen, who apparently overbilled medicare $9 million. and this is going on all over the place with medicare. >> i think the overcharging is the symptom of a bigger problem. government by definition is fraudulent and incompetent not because they're bad people but because they're not driven by pure market signals. the founders ubd that, wanted local governments so that mistakes would be confined there. with this we have national programs no surprise the errors are large. >> we want to minimize what senator menendez is charged with. a serious charge in itself. look at the numbers on medicare fraud. just extraordinary. $60 billion in 2014 alone improper medicare payments. i think this calls to attention -- i look forward to this going to trial to take a look at how a system based on
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fee for service medicine where doctors and hospitals can essentially charge whatever they want without any checks and balance in quality measures, is moving in part because of the affordable care act and also because of moves in the private sector to a value-based system where it's based on quality measures. >> it's getting worse. >> before it gets better. >> the more government is involved the worse the situation goes. you can see the numbers. >> yeah. first of all you have the politicians. they don't want to hear complaints from constituents about not getting medicare and so that's why medicare's philosophy is go ahead with it, then they'll try to find the fraud later instead of preventing it in advance as private insurers try to do. if you really want to fight corruption, bring real free markets into medical care, give people medical savings accounts, $10,000 a year better coverage on catastrophic coverage, when they have that, they'll make sure they get value for their money. >> there's an answer, but rich, it begs a question, isn't the system right now designed for fraud? >> yeah it is designed for
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fraud and people being imperfect creatures will take advantage of it like the doctor in florida did. look, i once paid more than $10,000 for an mri that should have cost between $500 and $1,000. and that's the lard that gets put into the system for a whole variety of reasons from fraud to legal covering your behind. >> we now know about this relationship between menendez and his doctor friend. we don't have proof that what the government charges is true but i'm wondering how many other politicians have relationships with doctors covering up their overbilling. >> i'm sure they'll pop up, david, and i think scariest part of all this is if you look at the unfunded liabilities, essentially all the money we were on the hook for in future years billions of dollars our children and grandchildren will have to kick into this fraudulent system, that's why it has to be privatized. >> sabrina, is this the tim of the iceberg we'll get into with obamacare? >> oh, absolutely.
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see, i'm with john on this. i think this is the problem of a ballooning progressive state that fosters a culture of corruption. medicare is just one example and obamacare is going to take it to a whole other level. the fact is government has been in the business of health care for 40 years now. they have disforted the market, ensured that money runs through many different hand, that there's no transparency, that people have no sense of what procedures cost them and it enables this kind of fraud. we'll see much more with obamacare. >> specifically bruce, how is -- you say that obamacare has these things in it that are meant to prevent fraud. name them out. spell them out specifically. >> okay. so first of all we are handing off benefit administration to private insurance companies, which is what mr. forbes wants and what a lot of people want. so they also have predictive modeling. so medicare advantage program medicare's managed by private companies. they can examine this. they can see the claims. they can track the claims. they know which doctors are billing more for certain things.
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so it is going to chaung. >> john, what's wrong with that? >> steve points all the time with computers cell phones, market competition always brings prices down. i don't see the difference with medical costs but government is involved so the prices keep going up. they will by definition go up based on what bruce wants. >> doesn't it work best when the patient is in charge of his own billing? isn't the person ultimately paying the bill the best one to sort of make sure costs are kept down? >> absolutely. we've seen medical care all the time. take lasik surgery for the eyes. costs far less than it did 10 or 12 years ago because you don't have a disconnect between providers and consumers with third parties. markets work, always turn scarcity into abundance if you let them. >> steve has those answer bus you know where they're all kept in one book? "popular economics" is the name of the book. a terrific come penld yumpendium of a lot of the problems we have in this
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country. believe it or not, every problem has a relatively simple market solution. very optimistic but if you want to feel good about the future, read this book by john. congrats. great book. the "cahin' in" dwang getting ready to roll at the bottom of the hour. what do you have? >> preventing deadly police shoot, would paying to put body cams on all cops protect everyone? and critical of christians but not radical muslims. what our president just said that could be making the war on terrorism more costly. see you at the bottom of the hour. up here first is it fair for senators to get away with lying about something that ordinary folks like you and me could be sued for?
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remember this? during a critical time in the last presidential race -- >> the word's out he hasn't paid any taxes for ten years. >> well senator harry reed getting another chance to come clean over the accusations he played dirty politics on the senate floor. >> i have no repentance because it was an issue that was important. >> there was no evidence. >> listen, there's an easy way to resolve this. let him give us his tax returns. >> so no apologies to mitt romney. >> oh none whatsoever. zero. none. >> no apologies.
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sabrina, is this proof we should get rid of immunity that lets politicians lie like this? >> yeah of course. i mean we already treat these lawmakers like they're kings. that's a terrible thing. what we reeally need is some sense of morality. i don't think there's ever been a golden era of civility in washington politics, but in the early republic, the lawmakers did sort of follow an unspoken rule book of how to behave and slander was really looked down upon. i think we need to get back to our own moral compasses and ask ourselves if this is appropriate. >> rich, should we get rid of this immunity once and for all? >> hey, look, let the mud fly. i kind of agree, i'm paying a lot of taxes i should at least get some entertainment value from it. it would be completely impractical because there are two standards for libel. you're a private citizen, the bar is pretty low. if you're a public figure politicians are, it's almost impossible to prove. >> there's a consensus in the country now that politicians
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should have the same restrictions that we do that normal people do. they shouldn't think they're privileged in any way. this gives them that sense of privilege, doesn't it? >> again in terms of what's been pointed out about libel law very very hard to do in this country. if you're in politics and start saying you've been slanders, the danger of coming across as a crybaby. there are other ways to deal with this. this is a gold mine for republicans to make the case the 2012 election was largely illegitimate. henry reid plying on the senate floor, irs suppressing activist groups and things like that. they should also get after harry reed. censure him for blay about thelytantly lying like that. they did it to joe mcarthur. >> he could have sued him in a civil court, not criminal court because of immunity, but could have been in civil court although that timed out after a year. >> well i think -- i agree with rich. some of these guys like reid are going to be missed because they
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give us such good material. but i will say, you know, it does add to the fact that it makes people more cynical because they hear these things, and i don't know that they -- people believe that back then because harry reed also said at the same time that he was -- romney was bad mormon. i'd like to see these guys sue each other over that. >> mike are we going to miss harry reed? >> they need to stop crying over spilt milk, the republicans. it's their own fault they lost the presidential election. they need better candidates. we need to change the power brokers. >> tough love. coming up a sign that the times are still tough. 7 out of 10 consumers rely on coupons. we'll get the names that let you say good-bye to coupon clipping forever.
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and an outside to inside mode. transitions® lenses automatically filter just the right amount of light. ask for transitions xtractive lenses. extra protection from light... outdoors indoors and in the car. time for our informer's picks. >> i like comed the yield, and i think the dividend will increase. >> rich karlgaard how about
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you? >> verizon. strong in wireless, cheap at 13 times earnings and it pays a 4.4% dividend. >> that's it for "forbes on fox." have a great weekend. keep it right here. "cahin' in" and eric bolling is up next. [ gunshots ] new calls to put body cams on all police officers around the country following this deadly shooting. it would cost a pretty penny, but would it help save lives? hi everyone. i'm eric bolling. welcome to "cahin' in." our crew this week, wayne rogers, jonathan hoenig, lisa booth and our favorite liberal tarian, juan williams. dashcam video before the shooting. cop cars are cameras so would it make sense for all officers to have cameras too? what do you think lisa? >> well, look,
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