tv The Journal Editorial Report FOX News November 24, 2013 12:00pm-12:31pm PST
sunday. "fox news sunday," a presentation of fox news. this week on "the journal editorial report," the administration hints it won't meet its deadline to fix the health care website as lawmakers prepare to head home for the holidays and face angry constituents. is an obama care delay just a party of time. a record set with j.p. morgan has the justice department crowing. who are the real winners in this $13 billion payout? and as the country commemorates the 50th anniversary of the kennedy assassination we will examine new evidence of a castro connection. and welcome to "the journal editorial report." i'm david asman in for paul
gigot. the obama administration admitted it won't meet its own deadline to get obama care up and running. kathleen sebelius saying it is a work of constant improvement. how in the world will supporters of obama care defend the new laws as the deadline comes and goes and as those policy cancellations keep rolling in? particularly as they head home and mingle with a lot of unhappy constituents during the thanksgiving and christmas holidays something republican senator marco rubio says may be a game changer. >> it has to be refield. how long will it take for democrats to realize and cooperate? so far i think at the upper echelons of the democratic party they're being stubborn bit. my prediction, check back in
eight week. >> joining the panel "wall street journal" columnist dan headinger and james freeman. dan, quite a sight. when lawmakers go home, i'm thinking back to 2010 and those tea party town halls. are we going to see a redo of that? >> i think we probably will, david, but the people there will not be members of the tea party, just be average americans and they're going to come in and be very upset about the stories that they have heard of people having their insurance policies canceled. either personally or friend, there's been enough of them that virtually everybody, all of us know someone who's had it cancelled and demand they explain what the heck they thought they were doing and difficult for them to defend the law right now so i think the more that they get pressed, look, one example, dianne feinstein went back home recently, came to washington and said she is signing on to
senator mary landrieu's bill to force the companies to continue these insurance policies -- she's from a safe seat. she must have really got it in the neck in california and that's going to happen. >> you have these democratic fixes and have democrats admitting there are mistakes but that we've got the fixes that will work. are constituents going to believe them? >> those are exactly what you suggest. they're cover. so the landrieu bill which would require insurers to kin offering the bill and kay hagen that would extend enrollment. people are realizing they won't work. democrats did such a phenomenal job of destroying the insurance markets there are no quick fixes and can talk about it but they can't comply with rules like that so you won't have any democrats going down and
convincing people this is the way that things are going to get better. it's not going to happen. >> particularly, james, after you've seen these public pratt falls and all of these democrats falling on their face trying to prove the thing works when it doesn't work, in fact, you had sebelius had a photo-op in florida to show how smooth things were operating. take a look at what happened. >> i think it's great this is happening. >> well, it's been a long time coming. >> yeah. >> it's temporarily down. >> it's okay. it'll come back. that happens every day. >> so, james, you know, they tried to put the best face. they have a photo-op where everybody is supposed to make it look good and they fall flat on their face. >> i'm glad you noted in the opening much of the system hasn't been built. it hasn't had the chance to fail
yet because much doesn't exist but the most interesting moment this week was when the president said at our wall julstreet jour cou council, it needs to be rebranded. whenever they get it up, the system of throwing people out of insurance and giving them more expensive policies they don't want is not sustainable >> that's the point, dan, is that really the website is the smallest of their problems. it's the policy cancellation, the sky high premiums. those are going to last and those are much more powerful. >> those are not going away at all, david. i think one of the things that we haven't mentioned here that's very, very important, james alluded to it, was that barack obama sits at the top of this mess. he is the president of the united states. two things are happening to him. his credibility is being eroded and his -- the competence of his white house and his administration is being eroded.
for a president those are two dangerous things to have your credibility and confidence so-called into question as this. if these democrats go back at thanksgiving and get into as much trouble as they inevitably are going to they'll come back to washington and start deciding we have to put distance between the white house and this. you may see a veto-proof majority to -- >> let's talk -- we talked about the danger for democrats. but what about the opportunities for republicans. equipment, you had a terrific piece in "the journal." spell that out for us. >> there is a debate going on right now within the republican caucus about whether or not they should just sit back and continue to let this health care bill fail or whether or not now is the opportune moment to get out there which is certainly my view and start talking about free market and innovative health care, sort of reforms they would want to do, making very clear that they -- it's not their goal to go back to the system before obama care which was not perfect by any means but
that they have a lot of proposals that would both move us beyond the terrible mess that is obama care but also move us into a system that's far better than what we had already. and they've got the architecture for that. there's reticence, people are worried about making themselves the story. but there's never been a time when the american public is better educated on the issues of obama care and where they have been more unhappy about what's happening in washington and perhaps open to those sort of flea market changes. >> james, republicans have had experience in pulling defeat out of the jaws of victory in the part. is it possible they could make some deal with democrats that may delay the opportunities they could gain interest this? >> well, i think it would be a mistake for them to do any kind of deal to give democrats cover to pretend that the problem of obama care has been solved because any deal they do, then they sort of own the results, so even a one-year delay in the mandate, i meanwhile we sort of
welcome that from an individual freedom point of view that hastens the economic collapse of these exchanges, that doesn't do anything for people whose insurance has been destroyed for people who can't get the coverage they want. not a solution. >> great stuff, everybody. coming up next it's been hailed as a victory for consumers with jpmorgan chase paying $13 billion settlement over toxic mortgages but you're not going to believe where that money is likely to go. hang on. more to come. mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition inharge™. her busy saturday begins with back pain, when... hey pam, you should take advil. why? you can take four advil for all day relief. so i should give up my two aleve for more pills with advil? you're joking right? for my back pain, i want my aleve.
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the obama justice department is taking a victory lap after this week's record $13 billion settlement with jpmorgan chase for its alleged role in the financial crisis and t mortgage-backed securities. the eric holder is promising that it won't be the last. saying tuesday that, quote, the size and scope of this resolution should send a clear signal that the justice
department's financial fraud investigations are far from over. but where is all that money really going? and is there a political motive underlying the administration's case. back with dan henninger and james freeman and mary kissel also joins the panel. james, not a lot of sympathy with the people for banks but i have trouble figuring out who the victim was in all this. >> i think the justice department had trouble too and a lot of americans angry about the wall street bailouts in 2008, i'm one of them but here we have one of the banks that did not need a bailout, did not run to the government for a rescue, actually helped the government take over banks that were failing because they made all the mistakes and now the government suing jpmorgan for the offenses of the ailing banks they took over at the government's request. it's just incredible balance faith on the part of the
government and i think you mentioned the political motives. we can get that that but this is the ceo who's criticized the dodd frank financial law. >> that's an interesting point, mary. the fact is that that is one of the banker who runs jpmorgan chase, jamie dimon has been critical and political persecution here. >> jamie is one of the few big ceos that's come out and spoken out against what happened with fannie and freddie and government regulation. and as james says, you know, where does this money go? >> that's a good question. where is it going. >> $2 billion is going to the justice department to do with what it likes and 7 billion to federal and state agencies and $4 billion to consumers. now, david, are these consumers who were truly harmed? are these people who were paying their mortgages and foreclosed on? it's very unclear. what i do know is that some very prominent attorney generals who have political aspiration, new
york state attorney general and california's attorney general c are getting payouts too that will help their careers. >> a lot of money goes to their groups like a.c.o.r.n. we all remember a.c.o.r.n. which doesn't exist but the people are still around and maybe they'll get a piece of the pie. >> undoubtedly they will. one of the things that morgan is being required to do is take measures to alleviate what the settlement calls urban blight and they're going to have a monitor who decides whether they're doing enough to alleviate urban blight and if not they'll have to give money to the groups. david, we're talking about making a bank an arm of the government, a vessel of the government and though the banks are not sympathetic players we want them to function in the economy. they should be making loans, they should be doing the sort of things that they were created to do and they're really pulling back because as eric holder said
there will be more of these prosecutions. as a result, the economy remains flat and that also means that all those poor people sitting out there in america without jobs and no prospects of being hired are not going to find a set economy that creates jobs. >> is there a message to bank, unless you do what we, the administration wants, you'll get hit just like jpmorgan chase did. >> i think the message is the war on business continues and to try to answer your original question where are these vics? they're very hard to find in the documents but the 2 billion that mary mentioned to the justice department this is allegedly for jpmorgan harming itself by doing things that the justice department didn't like. >> yeah. >> i mean it's -- trying to make sense of this case is -- it's just beyond weird and i think a negative signal for all of the reasons we talked about for people who want the free economy to rebound. >> wants the free economy to rebound. not just an attack on jpmorgan
but capitalism broadly but an attack on bank shareholders. it's not coming out of the sky. it's coming out of jpmorgan and i'm telling you many mutual funds across the country, if you're saving money in your 401(k), you likely got jpmorgan in it and as james said these attacks will continue. >> the people who actually did what the government is saying was bad, dan, aren't even there anymore. it is the shareholders of the bank that are paying the cost, not the people who did the bad things. >> yeah, well, as -- i think we've made clear that is going on is a transfer of capital out of the private sector through these banks and into the public sector as mary said. attorneys general and the justice department to distribute for other purposes. that's basically what it is. >> more cash for the government. when we come back, as the country commemorates the 50s anniversary of the kennedy assassination, new evidence of a cuban connection. did fidel castro play a role in the death of a president.
friday marked 50 years since president john f. kennedy was assassinated and the anniversary has sparked a new round of speculation about whether lee harvey oswald got a little help or inspiration for his plot from a man that kennedy wanted dead, cuban dictator fidel castro. now, brian la tell is a veteran cia cuba analyst who is looking into it and his book "castro's secrets" explain a lot. thanks for coming in. did castro know anything about lee harvey oswald before kennedy was shot? >> david, this is one of the big surprises i uncovered doing the research on this book. fidel castro and cuban intelligence had undoubtedly a thick file on oswald that they
began accumulating as early as 1959. that's the first year. >> whoa. >> of the revolution. >> and think of it -- how shocking that is in the context of what fidel castro said publicly about 0 hours after kennedy was killed. castro went on cuban television, the day after kennedy's death and he told anybody who was listening we in our life heard of him, oswald. we never heard of him it was a flagrant lie. cuban intelligence had plenty, plenty of evidence and knowledge of lee harvey oswald. >> particularly in those early days after the revolution, castro kept a very personal, close hold on all the intelligence information so if the cuban intelligence had it clearly fidel castro had. >> fidel was the supreme spy master. fidel for 48 years ran cuban intelligence almost out of his back pocket. it was a thing -- it was the public affairs, activity that he loved to do the most.
>> all right. well, we know that oswald went to mexico in september 1963, just a couple of months before the assassination. why did he go there, and what connection did he have with cubans when he went there? >> david, he went to mexico because he wanted to defect to cuba. his wife marina believed this was the conclusion of the warren commission, it's not something exotic today by way of conclusions. he wanted to defect. he wanted to go and help fidel. he wanted to fight for the cuban revolution. he adored fidel and the cuban revolution so he went to mexico to get the visa that he needed. he never got it. but he met at the cuban consulate with several cuban intelligence officers. >> including a woman who he had an affair with or a fling with. >> she was mexican. she was the secretary at the consulate and he did -- he did apparently have an affair with this woman. >> okay. you interviewed a lot of former spy, cuban spies who have defected to the united states
including a guy named florentine that auspiago. on november 22nd, the day kennedy was assassinated what happened to him? >> he was a young intelligence officer. he did communications intercepts intelligence and his assignment was listen in on cia communications. langley, miami, cia ships hovering off the cuban coast and that was his exclusive assignment until the morning of november 22nd. he got orders that morning from his headquarters cease all of your activities aimed at cia and focus instead on texas. i said when was that? what time was it? kennedy was killed, of course, at 12:30 dallas time. i said what time was it? he said it was about three hours before kennedy was killed. >> this is a bombshell, brian. this is an absolute bombshell. it seems that the cubans had advance notice of oswald's assassination of kennedy.
>> this is what my source concluded and after doing extraordinary amounts of due diligence this terms of checking him out and checking out his story as best i could i concluded the same thing. >> yet the warren commission didn't seem to be interested in all this. >> the warren commission overlooked -- it looked at the cuban angle but not very carefully is that because they knew they'd find out there was a u.s. plot to -- >> i think the johnson white house feared that. i wouldant fault the warren commission and the staff for, you know, for covering up but the cia covered up and the fbi covered. >> we have to go but didn't johnson always believe cuba had a hand in it. >> he did. >> brian latell, thank you. we have to take one more break. our hits and misses of the week. stay with us. farmer: hello, i'm an idaho potato farmer.
and our giant idaho potato truck is still missing. so my dog and i we're going to go find it. it's out there somewhere spreading the good word about idaho potatoes and raising money for meals on wheels. but we'd really like our truck back, so if you see it, let us know, would you? thanks. what? an important message for americans eligible an important message for for medicare. the annual enrollment period is now open.
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it is time now for our "hits & misses" of the week. dan? >> big hit to bill cosby. he went on janovich stewart's daily show and told him that he really ought to stop all the cursing and swearing he does in his public stage performances. i mean cosby said cursing used to be a serious business. but now people are doing it just to get laughs. and i mean boy, is he right. little kids are cursing because they have learned it from dulls and i think this is a a really big hit for the bill take it. >> he said i was speaking yiddish. >> he tried to make a joke of it. >> for 23 years they employed a guy named john of the office of air and regulation, well, mr. beale pretended to be a cia agent for part of the time. he bilked the agency out of almost a million dollars, in
2008 he took six months off. nobody seemed to care. this is an agency where the inspector general says there's a, quote, absence of even basic controls. these are the people who are supposed to be regulating vast swaths of our economy. what a mess. >> government at your service. and to me former "wall street journal" correspondent everett g. martin died. he covered most of the most exciting and dangerous events in vietnam, he tagged along with special force, guys, behind enemy lines. he was kidnapped by bandits in the khyber pass and dodged bullets in chile. his talent attracted the likes of john steinbeck who said of his writing and i quote, "it is lean and sparse and alive and true." it has the keen and penetrating quality of good writing." but he was not only a good writer, he was a good man, and
he will be sorely missed. that's it for this week's show. i'm david asman. thanks for watching us. you can catch me on "after the bell" on the fox business network. hello, i'm gregg jarrett. welcome to america's news headquarters. brand-new reaction to iran's nuclear deal. this agreement reached by iran, the united states and five world powers calls for tehran to curb its nuclear activities for six months in exchange for easing of some sanctions. however, not everyone is happy with this deal. national security correspondent jennifer griffin live in washington with more. jennifer. >> gregg, differences are emerging over the interpretation of what the deal does and doesn't do.