tv Making Money With Charles Payne FOX Business March 24, 2017 6:00pm-7:01pm EDT
liz: the gop's obamacare repeal bill yanked. charles: good evening, i'm charles payne. drama on capitol hill. republicans unable to find enough support for the obamacare repeal bill. president trump and speaker ryan just moments ago commenting. >> i'll tell you what's going to come out of it is a better bill. there were things in this bill i didn't particularly like. both parties can get together and do real healthcare. that's the best thing. obamacare was rammed down everyone's throat, 100% democrat. i think having bipartisan would
be a big, big improvement. >> obamacare reman is the law of the land. we did not have the votes to replace this law. so we'll be living with obamacare for the foreseeable future. charles: a lot of drama, obviously a lot of arm twisting, they came up short. how do you think it plays out behinded the scenes and where do you see it going from here. charles: i'm sorry, let's start with phil. >> i think it came down to the freedom caucus they thought would be enough to deliver their whole caucus. they were able to deliver a significant part of their caucus. but there were still holdouts. then you have problems on the other side, you had moderates abandon the bill because they
weren't comfortable with those last-minute changes. charles: guesstimating on the street is the hardliners were 15 nos, the moderates went up to 10 nos and you had a smattering of republicans up to perhaps 8:00 that weren't convinced. dr. goodman. having said that, you just heard president trump speaking about a bipartisan solution. does it have to completely crash at this point? does the american public have to reject it again? for some reason it has become a lot more popular recently. >> paul ryan cut $1 trillion on spending out of obamacare. and he used that money to cut taxes. but that's not what republican voters were asking for. those taxes were on insurance companies and drug companies.
but that's what ryan wanted to do. i think the typical republican voter never heard that before. charles: it's apparent the more established republicans are look i head to tax cuts and tax reform thinking they would get a running start by getting a few cuts here. then that's why everyone said obamacare had to come first. but we know that's not necessarily true. envelopes, there should be some major d nevertheless -- nevertheless, there should be some falling out from this. >> i think he deserves some grace. but doing big things is hard enough with people who want to get to yes. but it's almost impossible to people who don't want to get to yes. charles: what does that mean? you mean certain republicans no
matter what, it was an animosity toward ryan, necessity were telling us they were voting their conscience? >> i don't know what the motivation was. but some of the opposition arguments were incoherent. there was an element of groups that pushed for a strategy to defund obamacare when obama was president, that was ludicrous. there were a lot of things in this bill that could have been better. but this is a big missed opportunity. we have to go ahead and see when one faction demand certain things, you lose people on the other side. there was not enough willingness to compromise it's a deeper philosophical question for republicans. are we going to be the party of constitutional conservatism or are we going to be the french
revolution where we purge the least pure among us. charles: all day today and yesterday some folks suggesting the tea party and freedom caucus was antiquated and they were no longer need and overplaying their hand. but this bill had a lot of problems, and there was still a de facto mandate and subsidy and premiums were still going to go up. >> if this bill passed it probably would have stabilized premiums. but what people want is they want to see premiums going down. they doubled in the four years since obamacare. when the best republicans could offer is we are going to stabilize some to low single digits, it was hard for a lot of
people to get excited about. that's the big push between the mark meadows amendment in the freedom caucus. if the senate can't go for that procedurally at least we'll be able to say we tried it on the house side. he couldn't get it in the bill because the house wouldn't bear it. i think at the end of the day it what have been smarter to vote yes on this bill. what they wanted as a house amendment, it could have been offered in the senate and we would have seen whether the senate could bear that or not. i share that concern about knocking premiums down. i think that's an important objective. and to go after the insurance market regulations is a good idea. but i don't understand how killing the bill advances that purpose. charles: dr. goodman, to hear
paul ryan talk about how tough it is to be in charge is kind of scary. you wanted the job. he didn't want to be speaker, but he wanted to be in washington, d.c., and they all tran for this job and they had a 7-year running start at this. that part does not engender confidence. there is finger pointing going around and it leads some people to wonder if he's the man for the job. is it time to say if we go back to the lawing board, should more parties be involved and new leadership? >> they went behind closed doors. they trotted out a plan that would take health insurance away from 14 million people. it was the opposite of what donald trump promised. so no wonder it didn't pass. >> the cbo14 million is not a real number.
>> it will be millions of people who lose their health insurance if you take a trillion dollars out of the system. charles: the night before when they gave a few sweeteners, the savings went from over $300 billion to $150 bi. but john hart, i want to get back to the notion. president trump said there were some thing in this bill that he quote did not particularly like. perhaps they move away. there are more important parts of their agenda. and maybe they just let it completely implode. but then they are playing the game that it may not implode completely this year or next year. how did they do it? did they do it with the same team or figure out to gate plan on paper before they take it public? >> this process has been going on. this didn't just start a few week ago. it isn't true.
paul ryan and tom co-burn offered a plan 8 years ago. charles: what happened this time around? did they do a bait and switch? why didn't they resubmit a plan they already put out there? >> there has not been consistency within the republican party on what we are for. to define what republicans are for. if you want to provide care to everybody, the best way to get to that is universal care. that focuses on you the individual that uses market i season tifs and market reforms. there is a whole host of ideas. the notion is to give patients buying power and turn them into shoppers so you awaken market forces to improve quality and access. that's what the republicans have
to spend their time on, define twag they are for, and winning the hearts and minds of the american public. this bill -- that's one immediate takeaway, we have more immediate work to do. charles: maybe the republicans need to listen to what the public wants. there was a big circulated and it almost got a vote. it wasn't what the party thought they were going to get. they were unhappy with many parts of this, including parts that sounded similar to the current existing bill. you get peenlized 13%, it's the same as a mandate. there were so many parts of this that every candidate for president railed against on the campaign trail. obviously they will come back to this eventually. >> paul ryan walked away from
his bill of 8 years ago which was a universal tax credit. if he stuck with that i think he would have had the party behind him. >> we make a lot of promises on the campaign trail that contradict each other. they can't deliver on all of them when it comes to writing actual legislation. maybe we need to be more honest about what's achievable on the front end. charles: the gop replacement bill now shelved and the blame game begins. who is to blame for this? we'll discuss it right after the break.
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>> we came really close today but we came up short. i spoke to the president a little while ago. i told him the best thing to do. charles: now begins the blame game. congress unable to decide the fate of obamacare this week and the gop has been forced to pull that bill from consideration. president trump joined in, but he pointed the finger at leading democrats. >> it would be really good with no democrat support after it explodes which will be soon, if they got together with us and got a real healthcare bill. i would be totally open to it. i think the losers are nancy pelosi and chuck schumer. we learned a lot about loyalty
and the vote getting processed. we learned about arcane rules in the senate and the house. charles: i have a poll on cvpayne. 56% say ryan is the reason this did not work. 21% are blaming the freedom caucus. adriana, the political fallout from this? >> i took your poll and i think ryan is to blame. the republicans have had 7 years to put together a consensus within the republican party to have it pass. this plan should have been able to hit the ground running for donald trump. instead they cobbled it together * includesly. they were not able to build a consensus around it. and it looks like a failure for donald trump.
i think president trump overrelied and trusted. paul ryan clearly too much. clearly he doesn't have as much influence on the caucus he thought he did. i think it's a speed bump for trump and he will survive it. he's going to pivot to tax return and regulatory reform. it will be great for us and the american people. trump will survive it, but it remains to be seen whether paul ryan does. charles: he just said we learned a lot about the arcane rules. that's why he said i'll let paul ryan shepherd this. he knows how the system works. and any hindsight people are wondering did you have to go this route. did you overplay your hands. did you underestimate this or that.
i think it lays at the feet of paul ryan. >> i took your poll also and i was in the 21% that blamed if the freedom caucus. president trump also blames them. earlier this morning he said the freedom caucus allows planned parenthood to continue if they stop this plan which they did. this isn't the first time the freedom caucus jumped into something claiming to be purist. this isn't just the first stop. if the house voted for this it would have gone over to the senate. now we are in a situation as with obamacare it will cost us $2 trillion. where when the democrats first proposed it they said it would be $800 million. this law covers 25 million people now. but the real caucus allows for
the continuation of that failure. charles: adriana, perhaps when president trump said we learned the lessons of loyalty to. we know there is some animosity and frustration. he would have liked to have seen this bill go through. but you have to ask yourself, these folks feel like they are elected to represent the constituents and not necessarily fall on their sword. how does it shake out from here? >> the freedom cough kuls is partially to blame. you can't ask for a perfect bill. you have to be willing to compromise. if if you walk away with 75% of what you want, that's a success. but moving forward donald trump will survive this. when he moves on to other things which we know will be popular
and great for the american people. regulatory freeform. fixing nafta. down the line this will prove to be a speed bump for donald trump, not a death nell. we'll have sow many successes coming down the pike. democrats will be coming back to the table and willing to negotiate once obamacare does explode. charles: i think from here on out president trump will be more involved with this stuff. it's clear that the folks that he put his trust in could not get this through. healthcare now dead it's time to look ahead of as president trump seems excited now, even more excited about the rest of his agenda. i think we are, too. how's it going? -hi. today we're gonna be comparing the roll-formed steel bed of the chevy silverado
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charles: will president trump and the gop get the focus on the heart of his economic he general today? on that, president trump seemed to be pretty pumped. >> we'll probably be going for tax reform. we could have done it earlier but this would have worked out better if we could have had some democrat support. we'll start going strongly for the big tax cuts and tax reform. that will be next. charles: the only question is, today's news, will that make the rest of the game plan harder to roll out? dr. morrisy, i'll start with you. the mainstream media is going to go nuts on this. they will be cheering it saying you have got a wounded president. it will make it hard to get
through other parts of the agenda that will call for reconciliation and several steps through the legislative process. >> it will be much tougher now. he could have led with tax reform. but it's just as many competing element that are difficult to compromise within the republican party. his most basic problem is he can't govern in the middle. he's very much like an nfl team that lost its first two games. tough to make the playoffs. the immigration order and healthcare. charles: new england lost a game or two and they didn't do too bad. but they didn't have the star quarterback. charles: everyone wants
infrastructure and lower taxes. i would be knocked we saw the same resistance we saw with respect to obamacare. >> i agree with you. i believe this president is a master negotiator. i believe he's always playing close while the rest of the punditry is playing checkers. i think he tested the watters. he proved through this healthcare situation that he could get his people to the table. he also proved paul ryan couldn't do the same. he left this healthcare situation to the democrats. as we go forward watch for him to use what he learned here and what he showed to the american people exposing what the establishment democrats are not willing to do. when it comes to tax cuts, this will be key. charles: can he do tax cuts first and tax-free form tackling
the whole tax code later on? >> tax cuts without doing tax reform means increasing the deficit. so it's up to the republicans to decide whether they want to do that. if he tries to cut taxes without tax reform so has less revenue, then he can't use reconciliation without a change in the rules so that's problematic. charles: gina, you were shake your head. >> tax cuts increase revenue. there are a million examples where when tax cuts happen, it ultimately increases revenue. i think president trump is well aware of this and i think he can make that case to the american people. charles: if they can cherry pick their next oh own end and get a "w" on the board, would it be infrastructure, tax cuts, tax reform, the wall, what should
president trump tell the american people monday is the next item on the agenda. >> he already made the statement it's taxes. but i would look at a bert approach to immigration reform and infrastructure. immigration reform cost nos money. charles: when you say reform is that a euphemism for cutting the number aloud into the country? >> 2/3 of the immigrants that come into the united states at this time are for family reunification. not for bringing skills that we lack. i'm not talking about h-1bs necessarily. you can use the canadian system. liberals love to point that out. he could do that. infrastructure is a winner. but in order to pass infrastructure without increasing the deficit he has to impose more gasoline tax or something.
charles: i'll see you have later on in the show. questions are mounting as this wiretapping scandal becomes murkier and perhaps more sinister. how deep does it go? my panel of experts are here to help unravel it next. al after a dvt blood clot, i sure had a lot to think about. what about the people i care about? ...including this little girl. and what if this happened again? i was given warfarin in the hospital, but wondered, was this the best treatment for me? so i asked my doctor. and he recommended eliquis. eliquis treats dvt and pe blood clots and reduces the risk of them happening again. yes, eliquis treats dvt and pe blood clots. eliquis also had significantly less major bleeding than the standard treatment. both made me turn around my thinking. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. or abnormal bleeding.
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down. house intelligence chairman, devin nunes reaffirming that nsa, soon will turnover information to its committee that quote, will show incident taal direction of president trump transition team. >> there was no wiretapping of trump tower. >> there are reasons to unmask names, i can tell you without question, at lift some of what i have seen, i don't know what that reason would be. >> until we get documents be i won't know for sure. >> there are questions in the reports that i wonder does that reach that threshold of foreign intelligence, then you ask, why were names unmasked. charles: jim, there are a few things coming out. i think that the unmasking
part is most compelling that intelligence community would violate someone's personal rights. everyone is looking for the smoking gun to connect perhaps obama administration with surveillance trump and or his team. and where we are with our intel januar intelligence community that i would think we're losing confidence on. >> there was a giant attempt tto smear donald trump and his campaign people as pawns for the russians. i picture ben rhodes at wile, e coy yet that is going to bite him hard. charles: we learned that nsa
that had this ability to unmask an american somehow became caught up in the surveillance of a foreign entity through a fisa warrant, that was given to a bunch of other people, fbi, the department of justice. just a whole bunch of people. some people say that was just one of key parts of this whole thing. by allowing so many folks that ability then leak that information to the press is one way of committing a sabotage against the trump administration. >> i think at highest level it is possible. if you look at from a political perspective, 8 years of very hard work going out the door, once president trump and republicans took over. i will say, it is clear that starting last summer there has been a thoughtful investigation probably based on dossier. but also based on the fact that president trump, a lot of his associates were engaging with different people in ukraine and russia.
they will be picked up by the nsa, that is normal. the issue that i have with this, is very clearly somebody in the intelligence community, numbers of people, have done something horrific, that is taking that unmasking and leaking that that i that is. >> that is a crime, that happens to be a crime, i am a democrat, and i may not like president trump but before that i am an american, and this is a crime. charles: do have you any thoughts on what it might be with a smoking gun coming from the nsa, it feels if not conclusive will provide enough information to justify some anxiety that president trump had. >> bottom line is that someone asked for this to happen. somebody's name will be named as the one that says, i want these names unmasked. who distribute distribute
them and 2 did they distribute them to. whether they can pin this size as a crime on someone, this is a scandal big enough, that i don't like the idea of adding gate to everything, but this would be obamagate. we cannot tolerate that. >> brian. >> we have to guest gat to investigate the ties and connects between president trump and russian. charles: they came out of the hearings on monday. we know that continues, but this other part is really intriguing, and felt perhaps that james comey brushed it under the table. he was summoned to the white house today. major averages today had a mixed session. it was uncertainty of the markets. where do stocks go now? i am telling you, you might have gotten your big buy signal.
charles: house republican leaders pulling obamacare replace bill this afternoon. we have more on that. what is up for the party, and also what is up for the market. right after the break. just like the people who own them, every business is different. but every one of those businesses will need legal help as they age and grow. whether it be with customer contracts, agreements to lease a space or protecting your work. legalzoom's network of attorneys can help you,
every step of the way. so you can focus on what you do and we'll handle the legal stuff that comes up along the way. legalzoom. legal help is here. charles: it was a nail-biter. i am talking the action in washington, d.c. with that eat carhealthcare bill. one group alienated another. here is the thing lost in this drama and the week, is mountain of economic and earnings data to under score the fact that united states, our economy percolated late summer in 2016, since the election it is building up to a ripple, i believe on the cusp of an economic tsunami, to the upside, lifting all boats.
sure there is a notion that certain tax cuts. tax reform, and infrastructure and other parts of trump economic agenda that i think leapfrog to the fronts, let's talk about building blocks? how do you build an economy that provideses fro prosperity. it begins with investing in building. we got a durable goods reports this morning, these are things you buy for three year or longer. the headline number, was up 1. 70%. way above -- 1.7%. way above estimate, 46 jump in civilian aircraft. if you take that up, there is sick six consecutive monnin
crease there. -- month increase. and europe's economy is gaining serious momentum with a pmi manufacturing number, highest since 2011. france and germany, with major elections that year, they are surging as well. you must have exposure in your portfolio to tech stocks, semiconductors, and many of the trump names that have come downing material names, industrial names, some specific stocks are near points where you want to get back in if you got out, go to my web site, come back monday ready to make money, the bottom line, that underpinnings of the economic renewal are in full force, there will be some speed bumps, you don't want to miss it, i do not see it being re derailed.
coming up, they are coming to america. i'm talking about jobs. we renamed the f block the winning block, we'll be right back. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. safety isn't a list of boxes to check. it's taking the best technologies out there and adapting them to work for you. the ultrasound that can see inside patients, can also detect early signs of corrosion at our refineries. high-tech military cameras that see through walls, can inspect our pipelines to prevent leaks. remote-controlled aircraft, can help us identify potential problems and stop them in their tracks.
charles: job creator in chief strikes again, president trump announcing charter communication will invest $25 billion to united states creating 20,000 american jobs over the next 4 years. that was minutes after president trump issued a presidential permit for transcanada company to build a kekeystone pipeline, another deal where we create thousands of jobs. nicholas, we start with keystone pipeline.
a long time waiting, helping with north american energy independents pple have been clamoring for it, a big win. >> it is, better lac late than neve never. this has been a 7 year process, state department concluded through 5 extensive environmental annal ceas analysis that the pipeline would be save, this is a win for the economy and environment. charles: jillian environmentalists saying no, it not. you say this is a win? >> absolutely, the state department itself found that under the obama administration, but i think also a win for public safety. looking atal tlooking at --
alternatives. i think, if you look at this too, pipelines are less carbon intensive. it has been counter productive. charles: i have driven on roads in north dakota, i know how treacherous they could be, and i have been at rail crossing, the trains, they take long. and i went to web site, i look add their statement, a key thing, with confidence and deregulatory policy of the administration, they talk about 25 billion broadband infrastructure technology, and a new state of the art b call center.
>> this great news. trump's free market policy have boosted confidence. they made this possible. charles: this is not first time we heard this. these companies, have that confidence. he will get rid of other regulations and they could investment. >> obama administration and activists the good thing what he did was unilateral, it can be undone unilaterally. this will be such a huge boone to the economy. charles: obamacare replacement bill shelf for right now, i
believe it could be a positive, i thought it was an imperfect bill. i believe there would have been mayor problems down the road with this. meantime they can focus on the agenda. >> that an optimistic take. this is a failure in governance on all sides today. this of the their goa golden opportunity. charles: should they have passed it to avoid open barra emarembarrassment. >> i don't think they more extreme bill would stand a better chance. this is an opportunity for compromise. they dropped ball. charles: all right, well, i can tell you we had great news this week from durable goods, corporate earning and charter. there are great things going on, hopeful we can focus on that, thank you. >> america's health woes are deeper than just insurance and access to care. the despair crisis has lowered
charles: developing tonight, as congress battles over th the future of health care in america. a different battle, a study fines that middle age white americans who are less educated are dying younger than others in the same age range. in part, central issue had is harder to find a job which is leading to an epidemic to suicide, drug overdosed and alcohol related death. death. >> i travel a lot and speak, a
lot of college campuses and small town, midwest, south, northeast. it is bleak. it is difficult, a lot of small downtowns that used to be 35in thriving community centers are gone. you see the young people, giving themselves over to drug actiondiction. it is sad, it is different, than live in l.a. or new york city where we are now. there is not a lot of hope, if you don't have hope, what do you have. charles: peter is a main reason that donald trump was propelled to presidency, i like what i'm seeing in first two jobs reports, the goods producing jobs, mining, construct and manufacturing, they may be coming back. that will be part of overall elixer. >> those jobs require a lot of
skill, these men at 50 down have those skills, if a factory reopens a lot of other things reopen with it. which really misses are a lot of those frampl low-tech jobs we had in the store front stores that will come back with the malls contracting, you know if we can get factories open we can get a lot of follow on jobs to come with them to help the men a lot. not just white folks, folks of all races would be help snoo helped. charles: no doubt, this is quote, unquote heartland, heart beat of america that makes this charter news greater, one of those jobs that you talk bwhere you know you can bring someone in, and it is with the ceo of ibm calls new collar jobs, you don't need a 4 year degree, you just need specialize training. >> large corporation don't feel like anything should be
done for white males, a big deal at ibm, she is going to help moms reenter the workforce and train them, why not these people. why descrow to bdo you have to be so specific, these folks are not only jobless they feel alienated and forgotten by their government, that is why they voted for trump. >> so true. how doe woo gedo we get that back. we were the envy of the world, we thought we could do everything. >> you know, actually among hispanics and black population, those mortality rates continue to go up, and white, less educated is going down, part is about communities, all politics is local, federal government can only do so much, it's on the states and local communities to invest in education.
charles: does the federal government st. then to? >> absolutely. charles: identity politics crush a lot of people, you are told that there is something wrong with you, something bad with you, that will take a toll. >> it sets a tone, this comes back to getting meaningful jobs back but also about self worth and meaning, people need to feel they have means and purpose, and as there is also a great article, about how fewer people go to church, they left social cohesion, they don't have faith, people are more pessimistic and they have meaninglessness. this is about community getting together. and gets associations -- civic association that made american great. charles: and talk about idea that we thought we could make it. bridging that back as well. >> we have to decide that all in this together. you know hillary clinton, wouldn't even go out to seas
tcities to campaign, she thought, those are not my people. >> are right, she has been criticized for not being between pittsburgh and philadelphia, she lost the whole state. lou: president trump and speaker ryan pull the healthcare bill just minutes before a scheduled vote in the house. >> very close. a very tight margin. we have no democrat support, a giv difficult thing to do. best thing to do is let obamacare explode. lou: congressman louie golmert joining us, taking up why so many moderates and conservatives oppose the legislation. also, deep state rising, chairman of house intelligence committee recalling the fbi and nsa dire