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tv   Cavuto  FOX Business  September 7, 2013 3:00am-4:01am EDT

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thank you for joining us. don't forget to record the show if you cannot catch us live. have a great night and we will see you monday. ♪ neil: 20 minutes, hardly enough time time to down a cup of coffee and read the front-page of the newspaper. but barack obama and vladimir putin discussed the biggest issue on the front page of all newspapers. it says something about how much they still dislike each other. but i think it says a lot more about how much they might dislike each other. welcome, everybody. and it is not news that the respected two great superpowers are still in hs. not only is the credibility of both men at stake here, but maybe the security of the world
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itself. nixon order certainly reagan or gorbachev -- that is in the last case. those guys put aside their differences and they got some real understanding taken care of that made them fast friends, enough to make a democracy movement that brought the soviet union to an end and the berlin wall down. but that was then and this is now. it is not now. bill collins says he wishes it was the case now. >> it certainly is not very look look at where these two guys are coming from. vladimir putin deals of his country in a rather cold manner. as you know from past experiences, if he doesn't like you, people disappear and go to jail. he is dealing with our president
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was a community organizer, at best, were not even sure how great of a community organizer uis. he doesn't have any reason whatsoever to talk to obama about anything. neil: welcome he wasn't so great on immigration crackdown, so he's not exactly that. but having said that come i'm wondering where this goes for the two big leaders of the two big powers who don't talk to each other. they clearly don't like each other. but what does that mean? >> well, there is a lot of bad things that could happen if we do strike. i'm not saying that we should or shouldn't. but if we do, one of the testimonies of people yesterday, one of them said that we need to
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be prepared for foreign casualty. most of them that we are talking about in the media never quite picked up on that. they really take care of a lot of serious equipment. a lot of their aircraft and air defense systems. swiftly round strikes that killed a few people, our problems have said suddenly gotten bigger than what we anticipated. neil: uncertainly wondering now the way that we are sort of wrapping this up and putting boots on the ground. this will all but be a piece of cake. even in the president's remarks today, the president seems to outline the possibility that he could and in fact may be well go and do this regardless. so that sets up a whole host of
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problems. >> yes, it does. people should realize that when you talk abot strikes, those drone strikes are very much getting down to within a couple meters of their target. a lot of civilians feel that this is part of the process. >> you can be assured that if we go after some of tho targets, we really want to hit, there is going to be collateral damage, and at the end of the day we could end up accidentally killing more civilians than were killed before. it. so did so dicey out at the end. we have a long way to go before we are sitting in the same table as friends again.
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>> 31 they did agree on one thing, to tax the heck out of us. we are stocking big companies rather than stocking syria. listen, what is this all about? >> they have an issue of life and death and instead they are able to give it this. it is astounding. this has to do with a hearing with apple where they incorporated a lot of their business in ireland and ireland only has a 12.5% corporate tax rate and then you get to deduct any earnings for intellectual property. everyone got serious because it apple is moving their business to ireland so they can protect their income. so these bunch of jokers got
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together and decided that they are going to crack down on these companies and take advantage of legal loopholes are trying to strong-arm companies like ireland trying to change their tax law. neil: even if it were not that important, i would say that it was lower on the to do list. >> i think you are right. this is an age-old thing for politicians. you go back to mckinley running for president and william jennings bryan had the same platform back then. whenever you have low approval ratings of politicians, they go after big business or banks. and that is why they are going after big business. it is a very complicated issue and money stored in another one. there is a big difference between non-and these companies
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like russia has in cyprus. neil: and who would know better than john. >> that is right. we want you get a sense of this? this shows all of this. >> and collective stupidity because we have high taxes around the world elsewhere. this means that someone else is making these tax was appealing and it is generating a lot of revenue and they are attracting them somewhere else. so it's stupid. money goes where it's treated best. by the way, the u.s. has a corporate tax rate of 49.2%.
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higher than the european average already. we already out taxing them. an now we are saying come you guys should really tax more than the driveways many jobs as we possibly can. >> maybe there is a little bit of this. we have all of these unfunded liabilities and we have already offered this halfhearted spending cuts in our countries do not seem to like that. and that seems to compound the sin, doesn't? >> yes, look at what happened to françoise hollande. the tax rate went even further. he is exactly right, but who pays that commits to small businesses. it has for some years gotten
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these loopholes for so long. and the politicians that created these loopholes are the ones plotting against these in the reinsurance business located mainly in places like her muta. allof this employer thousands of people here and around the world. money goes where it is rewarded. neil: what you think? >> i think whenever you raise taxes, you do not get more revenue and it does not work like that. that is not what is going to happen. neil: we are told that since the president raised this, the revenues coming in and invest. this is actually a big proponent. >> also the number of people turning in their passports and
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living for another country is at an all-time high. it takes more time to relocate. it hasn't caught up with them yet. and i'm on the next flight. [laughter] neil: thank you both so much. well, at least we're making progress. so why is the guy who created the patriot act saying that all of this scares him? he is teaming up with no less than the aclu to set our spies street.
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thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future...
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by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. neil: now we know that the world is fair game. the nsa pretty much confirming that if they need to, they can well get their hands on an e-mail and phone call and text anytime. and it's just that sweeping power that has the author of the patriot asking if they can be a
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redo. only now is an aclu lawyer. alex, what is the gist of this suit? >> thank you for having me on the show. this is really about whether the national security agency should be allowed to track every single american phone call. for how long they talk every single day. when he authored the patriot act from he did not intend to give the sweeping authority to the nsa to trap innocent american. neil: and he didn't give them the time to what could be your
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point, years. >> that is exactly right, the nsa has misled the public about its authority and the fact that it is listening to americans communication and even purely domestic ones. at that sweeping authority has persisted because the nsa has aggressively guarded secrecy of these programs. and even most members of congress don't know the full extent of the nsa's authority. without any real checks on its authority, it has been doing this all behind closed doors. hopefully we will not fugitive of the iceberg.
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neil: do you worry that this environment where syria is front and center, that we are fixated on scandals? you know when the scandals became known. >> more americans have become part of an issue of privacy. everyone wants to have it whether you're conservative or liberal and we have got to support of james sensenbrenner in support of a lawsuit. neil: i was looking at everyone participating in this. the fact is there is a collective angst about how far the government is going. what i'm aing you is when people are focused upon one and how bad it gets, and whether they are very security is
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threatened, do they pull another 9/11 and say it, well, we let this slide. >> i think they recognize that we need a certain amount of surveillance authority to accomplish the goal. but that it doesn't need to have dragnet authority to sweep up the communications of millions of americans to combat the threat that we are seeing right now. something people instinctively purposed different authorities to different boxes. their legitimate surveillances to just go too far. and we are rallying against the latter two and alex, it is great have you back. stay well. this just in, one of congress' biggest spenders ever is
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>> my feeling in general is that it's not our responsibility. we're not we are not going to be able to do any good. it is expensive and dangerous. neil: you know, that is one of the biggest spenders in congressional history and now he's worried about cost. like me telling you that that twinkie has a couple hundred calories. anyway, congressman attmpting fiscal resolve. michelle? >> everyone becomes concerned in this case. but where are we going to get that money if the president and congress decide to intervene in
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syria? u.s. military does not have the money. if we decide to intervene, the military will have to go to congress to get those funds. >> i would have to agree that alan grayson is a spokesperson for saving money and it's a little bit weird. no, i will give you that. the one that is almost as bad. >> so i think that was part of his reasons in listing why he didn't one of the best. i would say that there other reasons that might even be more important. and they re rarely about how much we spend on how we spend a. neil: michelle, how serious is this good to be with where we
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ultimately go with this? as both of you pointed out, undertakings are never cheap. and they are never what they originally billed to the cost. >> experts are projecting that a limited military strike would cost about $100 million. well, that is clearly -- i mean, you can never decide a project that much money it would cost for the bush demonstration told us that iraq was only going to cost 50 to $60 billion. that ended up not being true. it's about $1.7 trillion. so you can't really take these people at their word. you cannot guess how much this will cost. i think the congress needs to explain to the american people where are we going to get this money because we don't have a. neil:
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neil: then the issue becomes how do we pay for that. should you get money from some other area, should there be an understanding? we will nixes cuts as well. >> we are in big trouble. i agree with everything the michelle decide. we should probably say goodnight, folks. how often is that going to happen? what she said is exactly right. i don't believe for a second, at least i hope not. i don't believe this president will go forward this. if he does i will be stunned that he did not. and quite frankly i think that it put him up for being
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impeached. so you can go to congress and ask for permission. if it is $100 million, we can pay $100 million. neil: coming up next, the unemployment rate. job gains are continuing to add on about the quality. a record 28 million and working part-time. michelle, you say that is the number that is most troubling and damning? >> yes, and i think that we are getting to does part-time job america. it seems all the jobs are getting our part-time. people don't know what's going to happen when the mandate kicks in. it also has to do with flexibility. and if the economy keeps getting worse, well, then they have call
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center control. they should be able to move those part-time employees full-time employees. the thing is that the economies that and we don't know what's going to happen with obamacare. >> these job are typically part-time jobs. if we get into the fourth quarter and we are seeing the same thing, now you have something to be a little bit more concerned about. women on obamacare at this point, if you look at the data, it is so important to you and i agree with you. out of the games that we have seen, two out of three have been part-time.
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>> some industries can handle it. and if you look at the data on how money versus how many people want to part-time, it is a surprisingly small fraction. and it's absolutely true. neil: can you see this continuing? we have some steady improvement in the economy. and this is going to stick with the quality of it. >> absolutely. there's nothing good about it. if you look at the number of
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people who say that they have a job, that has dropped by 115,000. this is not a good recovery. this is going to be a continued slow economic growth. neil: it was good to see you guys. thank you for being on the show. everything that the president is focusing on. but we have someone that says not so. we will have that macs
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...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions...
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in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. neil: i always knew that he was a big wall street powerhouse. when i saw him playing golf yet again with the president, i know that guy? not that guy. robert wolf is here. robert, what do you think? >> did he ever talk about these part-time jobs that are going nowhere fast, so he's playing
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golf took my? >> i think that he spoke about the 42 straight months of the private sector job gains that have come since the recession. neil: what you say about the latest job numbers? the quality hasn't been great, but they are starting to see if these numbers are still better than a wise. >> the average workweek was good. it is the recession level. but slap slack in the system is being taken up and is about 2 million jobs. even today this was allowed.
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that is the problem. iraq negatives that we talked about. he continued this participation rate that is low. i think that sequester impacts us. i know that we have said we have said this. but i think that if you look at what is doing well, it is construction and housing and it has been part of this. consumer spending is slowing down and there is nervousness in the system. >> i want to ask you this. i know the president thinks a lot of you, and so he should. why does he have a tough time blaming himself? i mean, even down to the redline
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in a why not just admit that you sent it, you could understand that again and again this is part of it. >> i don't agree with that. neil: when has he ever admitted her mistake? >> welcome on the golf course he missed. [laughter] >> i think he said the economy is growing, but not as much as he wants. >> some are working, some are not working as well, and some we are implementing.
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you and have you ever heard him say that that is on me? >> i think he takes blame for the economy's movement. i think he would say no that is not where he wants to be with employment. >> i was the one who pushed all the stuff at once. i was the one who envisioned far more green jobs created. and this is on me. >> i think he takes the burden of united states on him no different than president bush or president reagan. neil: when you have the wealth of success and anna meyer, i would imagine it now and then he would admit to a mistake. >> i think so as well. neil: now, a lot of them have
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admitted this. and weeks later became of the best. but my point is that i think there is a consistency of it. and this one kid commission investigation. and i think there is a consistency that worries me. >> i do not agree, but it's not surprising. if anything he plays better than discord we wanted to put the secret service? [laughter] >> is always a good game.
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>> i am very torn about this. >> he said he would get some more reasons. you find that odd and it's not a 100,000 killed by convention? >> no, it just stunned me. what we have to do something. i like that it's not boots on the ground soon have you ever seen kids that were shot? >> i have. >> and i think that we cross that as someone who was against war. i hope it's very tactical.
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you know, i think that there's a "new york times" picture that you guys show that is very disturbing to the country and all of us. but i don't think it takes away. and we need international cooperation on this. i'm hoping we get both the congress cannot be the burden of just us on our own. i know france supports us and australia. but hopefully more as well. neil: thank you very much. >> i love coming on your show. neil: okay, meet two guys who didn't get a chance to hang out with the president. we will have that
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neil: syria front and center. >> as we were on the campaign trail, we see the unemployment numbers. neil: we believe that we should focus on it like a laser beam, whether we will get the vote or not.
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neil: we have obama uncertainty, syria uncertainty, more government regulations, and what we could do? our job is to create employment and create opportunity and create the american dream. but instead we have to be faced with a economic environment that is uncertain and still move ahead. so the challenge is the one there is a flipside is spending a lot of money on a war that we might or might not want. it's another excuse.
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certainly this could be another reason or excuse to leave you guys at the altar. >> it seems like it. it is putting people back to work and all the rhetoric and the one thing that we have to do the government doesn't have to do is pay our bills. that is the primary concern that we have. and the holidays kicked in again and i laugh when i hear it people talk about it every time i see government vehicles come it's like 150,000-dollar suv.
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neil: in that case you can at least stop by and get a complete. [laughter] neil: one of the things that came out of this was that we had taxing these corporations, but it wouldn't be so far to get this and we essentially got a global fund going and to me it looks like an elaborate global flush. so the one global solution was hiking taxes. >> we are growing the economy
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not means we need to stop this. we need to concentrate on how to raise more funds. and we have an economy that is stagnant. you'll probably have more inflation and talking about more taxes and more government spending. that is exactly the opposite and small businessmen like myself were planned, they will be affected as well. this is not good news. in fact, this is a bit frightening that was on the table. neil: you guys better get on the same page as these guys. gentlemen, thank you both so much. have a good weekend. coming up next, check this out. >> it will cost you $750,000.
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>> .discussion. >> 10,000 future jobs will be put at risk. speak
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>> you need to do more with less. it means that people will experience longer wait times. neil: secretary janet napolitano
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going out with a bang. on to brad blakeman. he says he fears that this will undo all the good that they have done. would he think of this? >> i think the administration cried wolf. whether terry reed or napolitano or the other secretaries and the head of the executive agencies. we're talking about $85 billion annually in increased cuts of spending. the american people are cutting back much further than this government has done with a 4 trillion-dollar annual budget. the president should be telling every agency took about 10%.
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neil: i kind of think that there is a method to this crazy madness. or heaven forbid that something goes awry, they can go back and in that case and say that things would be a heckuva lot better if not for those cuts. nevermind it is a multi-trillion dollar economy we are talking about a rounding error, but it's like the gift that keeps giving. zemeckis has become the red line on spending and budget. like the red line, sequestration was the president's idea. he was the one who said th the republicans would never go along with this, and they did. and if we attack syria, don't you think that we would have to end the sequestration order to pay for the military action that is going to cost way over
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$100 million at times? neil: do you worry about that? actually not only is the sequestration cuts go in, they all go in. civil money resolve and congress goes on. pushing that limit. neil: i suspect this is why was brought to congress anyway. >> is the president does act with or without congress and the money is spent, then it's up to the republicans and the opposition to hold his feet to the fire. and if it is blown up by this action, that the funds are going to have to come from somewhere. we are not going to fund a war without cuts being made. cuts must be made. if they don't recognize their responsibility, shame on. neil: thank you very much for coming on.
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coming up next, when the men in orange
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thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.
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neil: we are talking about housing, what do you think? >> i think that there is this get ready to sell, people were so depressed about the money pit that they had. finally seeing that maybe i could fix it up. but i think the other part is more accurate i think they have resigned to the fact that they will never be able to move. i don't think i will ever be able to move. i can't sell my house so we might as well fix it up.
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neil: what has to be by far a stash of cash of a potential war set to go. kenneth cole is itching to get his boots on the ground. only he isn't into these boots as much as he wanted. let them i think this makes him look like a twit. >> you know, this is in the first time he has done this. he did this over at the crisis. he is also defending his tweet, saying that he is trying to raise further awareness about who we are and what we are
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about. neil: or two that minimize the crisis at hand. >> maybe he says it's clever because it's still a company run by him. >> what makes me think is that the kenneth cole's to alec baldwin leiby, the whole entertainment designing complex come and live in another tone deaf world. they think that they are so brilliant and smart. you realize that they are just idiots. either they are so smart and it proves how dumb they are. neil: a whole bunch of them are
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partnering with oyster to sell unlimited e-book subscriptions for $9.95 per month. >> they were we beyond wal-mart and other producers. the oyster is really just kind of an aggregator. i think the big players will move in. >> i think that's absolutely right. they are willing to pay a muncy that is flat to access the movies and tv to netflix. i'm not sure that this is a powerful enough idea to create a
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new industry or growth or desire for this content here. neil: what you want under one roof, i guess it depends on what you need. >> you're right about that. and barnes & noble was not so great about this either. neil: no, theyere not. that's a very good thing. well, it's the model that is intriguing. >> yes, exactly. whenever they come up with these great things, you have to think about why couldn't the coke or the gm or the amazon companies get in. just with the sheer money flowing these guys away.
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i'm sure amazon has been working on this. ♪ lou: good evening, everybody. thank you for being with us. tonight president obama is on his way home from my that g20 summit meeting in st. petersburg he is returning as a defeated leader who could not win any further support for attacks on syria at the summit. as you see here, mr. obama's face could not hide that dejection, the disappointment. his is truly the face of defeat. he looks thoroughly shocked, to his core, that the leaders of veggie 20 nations resisted his reasoning and rejected at right is called for there participation in strikes against syria


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