Over the top, wait until you hear how harry reid and a bunch of democrats president under the midterms are done. The 2016 president ial race on. Tonight, you may see the first candidate announced here with us, now. Candidates start your engines. Viewers stature your dvrs. This cavuto is one for the histooy books. The Political Party starts right now. Welcome, everybody. Im neil cavuto and let the Bipartisan Party begin. Obama i very much appreciated leader mcconnells words about the prospect of working together. What what i would like to do is hear from the republicans of what they would like tt see happen. I am open to working with them, reach out to republicans, make sure that im listening to them. Lets get started on those things where we agree. Neil well, did you hear mcconnell say theyre liking the way things are starting out. Johnson isnt entirely convinced this is off to a good start at least coming from the president of the United States. But Mitch Mcconnell spoke right before the president had been saying that he was he was talking to the president. They had found some Common Ground on some key issues. They would have their differences. Much talk of lack of camaraderie with much ado about nothing. John, what do you think of what the first the president had to say about what he looks forward to and what Mitch Mcconnell said he has to look forward to. Evening, lets tall about the president you know, he put the whole thing in context when he said before the election that his agenda and his policies were on the ballot. And the voters came last night and cast their votes and they said, mr. President , take your agenda and stuff it. And you played the best part of the news confeeence in your clip, but if you listen to the whole news conference, what the president was basically saying, if the republicans can find some of the things that ive proposed that theyy can support, come on down and talk. Well, he still doesnt understand that in order to break gridlock, a president has to take the lead. We had the same kind of numbers when i was chief of staff for George Herbert walker bush and he took the lead. This president sits in his ivory tower and expects it all to happen because he wants it to happen. You wont see anything happen in washington because he doesnt know how to deal with the legislature. Neil jack we shaljack welsh die his tone in the regard. This is from jack welsh. The idea that we dont on last nights elections is something to everybody. The ea leaves were laid out for him. They dont like his policy. Its not anything to do with him personally. Hes a charming guy. Its his policies. Neil what jack was referring to, john, was like bill clinton 20 years ago after he suffered a drop in the midterms, of course, bill clinton wanted to make sure he would get reelected, but that he did he did make a humbling statement to the press next day overtures to Newt Gingrich and epublicans the next day and obviously turned things around and wor worked with the other s. How confident are you that barack obama will follow that . Im not at all. Because i dont think ends what his job is as president. He hink hes emperor and doesnt understand that the constitution the relationship of the executive branch and congress. And he has to go down and Start Talking about things in which he will have to give on some of his issues. You cant get comprise without both sides giving a bit. Neil where do you think hell give orrwould he. The only place i see some optimism is perhaps on the pipeline. I think the republicans are going to send him a pipeline bill early. They may send him theyll ppobably start with a proposal to repeal obamacare. Hell reject that. And then theyll send him something that has five or six major changes. If he is serious about comprising, thats whee hell sit down and try and fix this mess of obamacare. But i suspect hell sit down and say, well, you can do something on the edges, but you cant change the fundamental changes of the mandate. Neil both sides will move together on the things they can control and for the time being thats the furthest the president goes and and thats the best republicans can hope for . Well, i think you know, the medical device tax, even the democrats, i think theres almost 20 democrats that is that is ridiculous. Neil youre right about that. Thats easily doable. The other stuff isnt. What they do to replace that. Right . Theyll have to find another revenue to replace it. I think theres more than a majority. I think theres probably 60 or 70 votes even with just 52 or 53 republicans in there to make that kind of change. But thats not enough to change the direction of the counnry. Youve got to create a climate of confidence in the process. And hes going to have to start talk about cutting public spending hes going to have to talk about tightening the budget, about how to deal with the defense i have needs in a good way. Otherwise theyre not going to negotiate with him even on the trivia. Neil you might be right on that. We will see. Nice to see you. Neil could this be one of those democrats who just might lead this process forward, a bridge for both sides . Senator, what do you make of that, and how likely is it that two sides can still advance mutually agreed upon legislation or bills that makes sense, the medical device tax, first and foremost, is that the best we can hope for . Neil, i think thats one of the elements of one of the major issues, or i should say major issues of contention. I think theres a lot of support for repealing tte medical device tax, but i wont support repeal of the Affordable Care act. I think in a larger sense, in addition to maybe a comprise on that particular question, the broader issues, i think there could be a lot of Common Ground whether its tax reform, infrastructure, a whole range of issues. So im an optimism, and i think we need a little bit of that right now. We need to figure out a way to get people working together. Neil youre right about that, senator. Im curious. In the president s remarks today, im old enough to remember bill clintons remarks 20 years ago this very week after his party sufffred a dropping. He was very conciliatory, heewas obviously knowing full well he was ahead of a potential reelection where he could be in danger. This president , of course, thats come and gone. There was a real effort on the part of bill clinton maybe pragmatic, maybe desperate, maybe savvv, to move the ball and make what would be the last two years of his term productive, do you get the sense that this president is as inclined because i dont see that type of pragmatism out of barack obama that i see out of bill clinton. Neil, i believe he is. And i give as evidence not what he said today in his interviews or in his statement or answers to questions, but i give as evidence personal testimony in the sense that when he was in philadelphia onnsunday night, i was with him. Not in a big crowd, initially, just the ayor of philadelphia and i sitting down with him. And he knew at that point we all knew it would be a difficult day on tuesday, especially in the senate, but even with that Knowledge Based upon the polling, he was actually upbeat. and we talked about areas where he could work with republicans and we could neil when you say i think hes neii when you say work with republicans and republicans say they want to work with him. Theyre still miles apart on these issues. Where they find that Common Ground, i cant see the president bundle much. Maybe looking at keystone getting that revved up. Thats a maybe. Anything bigger, theyre really quite far apart. Well, neil, look, i dont pretend to assert that the two sides can start arm in arm. This has been a difficult couple of years, and we can attribute that to a lot of factors causes. I will say this, in the interest of both sides to get something done when i go across pennsylvania this year not as a candidate for reelection just being out there, the one thing people told me over and over again, you guys have to Work Together and ggt something done. Neil youre absolutely right. And fairness to you, youve led that kind off political life, so that makes you unusual. But i have to ask you this, senator, i get a feeling this president missed a goldenn opportunity for which he could have easily thrown it on his predecessor, it stops with me, my fault. Or bill clinton after the 94 rubbing or Ronald Reagan with the contra thing. It seems to be reluctance oo his part to say i goofed. It was my message that failed. Ive got to make the move back. I didnt hear it. Well, we can judge today a lot different ways. Look, i think today was a start on both sides, but the proof of this will be in the actions that are taken over the next couple of months. I think theres an opportunity here. In fact, i think we have to start in the period in november and december to get things done in this period, like extending the tax provisions that will help business. But lets see what happens in the next six months. I think there is a window of opportunity where its the interest of both parties to Work Together. I think the president wants to do that. I was pleased to hear what Mitch Mcconnell said and others. We all have a stake in this. Congress has to work as hard at this as the president. Neil you are one of the adults in the room. Senator casey. Very good having you. In the meantime, if you did ot tune into fox business last night, you missed out on that. Ballots in the state offvirginia f which a portion neil im sorry. That sixth vote in iowa. So just as i predicted, you dont have to wait until alaska. No, im kidding. Joni ernst has won iowa so the republicans have the nited states senate. I apologize my friend, i jumped on you, but finish that graad theory. You just finished it, back to you. Neil well, you know, that call like many others, that was first on fox businnss. We were beating everybody, left and right with this sort of stuff. The business competition was on tape doing something with sharks, i dont know we delivered this breaking decisioo and figured we would go live, work late, try o earn ourrpaychecks, try to mean what we say, its our money, its on the line. Its not a red or blue thing as i say a million times. Its green. Its your money, your kids future. We figure you are worth it, your kids are worth it, my kids are worth it, depending on the day and how thhyre behaving. You get the point, we were first and we will always be for you. Get ready for a wave of executive actions. John ashcroft, his reaction to that after this. Obama i feel obliged to do everything i can lawful with my executive authority to make sure that we dont keep on making the system worse. Neil all right. Executive authority is one thing. Signing an executive order that could potentially freeze the deportion of illegals here. John asscroft says that could be another thing. That would be an executive order on steroids would it not . How would you explain it . It certainly would be. The president has the authority, his executive authority to do a lot off things that are totally against the publicss interest. The president could literally empty the prisons of the United States by aausing his power. If he wanted to make im not sure how he says he could do it legally. He might be able to to do things that are totally unwise and againss the manifest intention of the people. He said today he doesnt like reading tea leaves. He doesnt speak tea leaf, but he he should know that the American People, i think, in the election, which was a substantial commentary as he had predicted it would be on his policies have repudiated his abuse use of executive authority to displace the auuhority of the congress and the will of the people. And especially given the fact that the will of the people has been recently expressed in this election, ii would be an outrage neil yeah, and i defer to you on all legal issues. Lets say in this environment, it would certainly poison the well. I cant see him doing it in this environment, but maybe hes of the it, ill do it anyway. Then what . It occurs to me that he said that he wants to do it before the end of the year. Neil thats ridoesnt mean he wants to do it with the new republican congress. Hes not going to give them a chance to be responsive. Neil here is a dumb legal question on my part, attorney general. Can can the new congress, new senate come back and say, hey, what you did back then in december before we took charge, thats a nono. You cant do that. Well, i think he to me, he held out a promise, which i consider to be at best misleading and at worst false. That is, the consequences of whatever he would do by executive order could be reversed by an action of the congress. First of all, he would have the ability to veto an action of the congress and secondly, what if he had granted in some kind of way an amnesty or status to illegal individuals who are here without the right documentation, et cetera. Neil right. Is it his thought that somehow then he could revoke what he had previously granted because the congress had now disagreed with him . I think to suggest that by the president is to suggest something that is highly unlikely, grossly improbable, probably impossiile. And i think in a lot of ways, misleading. He had a style of conciliation, but the subject of what he was saying was not conciliation it was confrontation. Either do it my way or ill dooit mm way without you. I think the American People have rejected that. When he said that he heard twothirds of the publiccsaying something. Im not sure whose voice was he listening to. Neil that was a throw away line to dismiss the historic nature of last night. Youre quite right. Its a very presumptive line. It presumes that the twothirds of the people that didnt vote somehow endorse unanimously his position. I think its much more likely that the twothirds of the people that didnt vote have been so disenchanted with the ruptured trust that they have goveenance and Public Officials that theyre in disgust and rejecting the idea. What this boils down to is an understanding that we need to be careful o elect people to the presidency who have a respect for the democratic process. Im not talking about republican or democrat parties. But the process when the people when the people put the tea leaves in such a clear and unmistakable pattern as theyve done, and everybody focus on the senate and the governors. The people expressed themselves most thoroughly for the house of representatives because its every district in every tate. That was an overwhelming eedorsement. So i know you guys have to go where theres conflict and theres theres blood in the water, but the truth of the matter, the biggest indicator of what happened in this sunami was in the house of representatives. Neil youre right. And it takes lawyers to catch that twothirds remark. Thats a ssgnificann indication of what the president was thinning. Good seeing you again. John ashcroft. Always great to be with you. Neil in the meantime, are we about to see a republican rally. The dow, s p moving like crazy into record territory yet again. Obviously, big business honchos are taking this as a sign Better Things to come. A more friendly Business Environment is at hand. Is it . Well talk to some business titans with their own read of what comes next neil all right. The dow, s p hit records today after decisive republican win. It wasnt exclusively that, but it was the win that brought buyers back. They are convinced that good times are aheaa. Former best buy ceo Brad Anderson of what they make of this rally. What do you think in whether the markets are right to seize on this . Obviously the markets had a good day today. The question will be, are we going to see differences in the policy Going Forward . Is this going to change the president s 6year stance and will we have pro growth strategies. Neil i dont see that happening. It shouldnt. The campaign for 2016 started today theres no way that either side wants tooput the other side in the office. Its sad. Neil so, brad, the next thing, maakets love an environment where you have the one thee white house under one party and the two branches under another party, and theyve got ttat. Gridlock is good. What do you think of that . Actually thats because historically they get something done because it was the conflict of those vested interests that can produce a productive environment. Look at bill clinton. Neil youre right about that. I cannot see it. Not to disparage democrats, i pointed it out, and maybe steve i dont see this president as pragmatic as bill clinton. And bill was more centerrist than this president. We need help on taxation, we need help on immigration, we need help on energy. Neil what will he help on . I dont know. He mentioned today taxation and he entioned immigration. He would love to have help with immigration. But, you know neil the executive order staving off millions of deportions that wont happen. We wont wait. One congress cant find the other. And what realistically can we get done . In order for this market to continue, we need something, and it has to produce growth. Taxation is the place to go. Neil youre right. Something to allow a lot of money to come forward. Brad, what do you want to see . Gridlock is normally good, but that money is locked up abroad and it could have an amazing boom to the economy if even some of it were allowed back. I think this is a long shot, but there is a if the republicans draft this legislation in a careful enough way that it can be attractive to democrats, particularly democrats in the senate, some of this stuff you can do clearrenough because theres so much opportunity neil two quick examples. They hinted, get a veto approved bill through. Neil you have 15, 14 more democrats than before. Its possible. Neil you can do it. You need 60 votes, but the thing that could help the economy most is to bring 2 trillion back. Give them another holiday and get that money back to work in jobs. Neil even if you have to do a quid pro quo for workers, but do it. You guys should be here solving all this. Just common sense business. Guys, thank you very much. Well, potential candidates r gearing up next, where y a certain pot proponent named gary johnson, he just could be, no offense smoking all the other guys who are aiming to live in that house. Weve been here working here for hours. Shut up. No idea where im going with that. Neil lets recap theee races if you just joineddus now. Something about how your evening is going if you just joined ussnow. That was just a reminder of sommone mentioned chris christie. We were here for you to bring the best coverage for you all day every day on fox business. Were at it again with this guy, gary johnson. You rememmer him ran for president. Twoterm governor. Was way ahead on many issues, but on the marijuana issue a lot of people joked about it, but he said it was a basic right. Now oregon voters alaska, washington, dc, approving this. We could be looking at a dozen states allowing it for medicinal purposes. Gary johnson, on this issue like many, you were ahead of the curve. Well, i think running as a third party candidate, i liken the debates right now, coke and pepsi. Democrats and republicans. You know, they talk about the economy. They talk about corporate taxes. Coke says, lets drop it to 30 percent from 33 percent. Pepsi says lets drop it to 28 percent. Well, lets eliminate corporate tax. Lets eliminate income tax. Lets abolish the irs. Lets it with conassumption tax. The free market would say thats really the logical way to do it. Neil are you smoking pot right now as you say this. I will stop after this show. Neil people hear the wisdom of that, explain why its not crazy talk. Ts not crazy. All the talk about jobs, why would a bbsiness locate company anywhere in the world other than the United States. Replace it with a consumption tax. For those watching neil wouldnt that put a chill on spending . Well, actually neil becauss if you remove the income tax. It would be revenue neutral because you have embedded taxes, embedded federal taxes in everything you buy. If you take a can of coke, a can that sellss for a buck, you have 28 percent embedded tax in that coke. Neil pricey can of coke. Wouldnt you consider Social Security match. Wouldnt you consider medicare meeicare and the taxes that cocacola pays to the federal government. Neil you make good points. Ive told you that. Its always a tough road for a guy like you, for independently minded people. Are you considering again youre like rodney we know the temperament in the country certainly changed yesterday. Id like to. The only way a third party will win is to be a part of the president ial debates. We are suing them, that if youre on the ballot in enough states to be elected as president of the United States shouldnt you be included in the debates. How about being ii the polls to determine who is in the debates whether thats me or someone else running. It would be great to have another perspective out there, and that would stimulate debate all around the country. You know, i hope to run, neil. Neil i always say, the more the merrier. Theemore thh intense the debate, the better. Youre a very smart guy. Great seeing you. When we come back, lots of 2016 talk in new york, by the way, not just about governor cuomo, already people are sort of jerr jerry mannedderring if he gets in a race, but what about governor tacky. Neil i see thoseinals, hear that music in my sleep. Possible 2016 contenders chatting with me one with me right now former new york governor george. A threeterm repuulican governor in a state that is shall i say slightly democratic. He could make a credible case. Hes been saying now that a lot of people pushing him for that. As i was saying in the break, governor, in a crowded field, you never know. What would get you to think about it. It comes down to the future of the country. I am, like i think most americans, very discouraged by the course of our government. Hopefully it will get back at least partially on the right track, but when you look to the future, as americans you and i have confidence. Tomorrow is going tt be better. Neil what would be your selling point . Well, if i do this, youd have to have the right future for america. The ability to govern successfully. New york is slightly neil rememberr9 11. A few crises. Neil but youre actuaaly a lowkey kind of guy. Youre not a loudmouth. Never told anyone to shut up on the stump. Certainly not in front of a camera. Neil what do you think of that, by the way . I thinii thini think civility happens. But be civil about itt and be respectful of people who might not agree. Neil washington is far from a civil place nowadays. Washinggon is not what the American People are. I was campaigning tuesday with my friend and there were pickets and protesters. We went over and said hi. And they wwre friendly. They werent going to vote for us. Thats what i tried to do as governor, respect people that are part of the process, but at the end, beat them if they dont agree with you. Neil and then, of course, you did okay. But theres so many big names right now. How would you stand out . Im taller than them. [laughter] neil, its way too soon to say. Im sure there will be a dozen people running. And i think thats a good thing. Its good for the American People to have a choice. Neil and just to think about another way of doing things. Absolutely. Neil governor, pleasure to see you very much. George, you never know, but i could remember this guy when they didnt know him. That was then. Three terms later. Something i said on fox Business Today got republicans everywhere stomping in their tracks. I was just trying to help, offer free advice. After this. Were back to a majority as big as any of us have seen in our lifetimes. It maybe 100year majority. Neil all right. You have to stop that kind of talk. You have to stop getting cocky in the moment. Maybe because youre failing to see whats going on here. Youre failing to see history. Republicans have a right to celebrate today. Ive been arguing get over it by tomorrow because its like a snapshot. One snap, its over. Four timms in the last decade, weve seen a branch of congress or the white house change hands. Thats virtually every two years. This is kind of commonplace. Tracy byrnes, i think republicans should remember theyve been here before. You said it best. You said the vote was not because they loved republicans. It was because they were pissed at dems. Neil did i say pissed . That was you. This is the lesser of the two evils. If they were smart, they would make change happen and renew the faith in the republican party, but its not going to happen. Neil interesting. What do you think, scott . Next thing you know arod is the most honest guy in baseball. He is fresh meat. Heres the thing, if you look at the exit polls, economy, ffreign policy. Over the next two years, what happened with those two things . Obama the defense spending bill, hell veto hat. Tax reform, are you kidding me . Repatriotism tax, are those your two issues that voters say, hey, we want these things fixed. I doubt that will happen. Neil the democrats when they were in charge they thought the republicans were dead and viceversa, politicians have a way of succumbing to reality. How do they avoid that fate . Well, more than a victory, this election for republicans is an opportunity since they now control both houses of congress. This is their chance to lay out a positive agenda. Theyve been branded as the arty of no. They campaigned against president s agenda. Neil they had the party no label because it was no once the 300 odd bills were put in the dead file in the senate. Now, thats not the case. Now that republicans control the senate they have the opportunity to show the American People, this is what were for. This is the kind of tax policy we would present neil then its up to the president to put him in the corner. Lets not like overfill the plate. This is like when you wake occupy saturday morning, you pick two and want to get them neil that many . Just pick something. The keystone pipeline. And then be done. Neil target it. Were not getting keystone. Neil i think well get that. You think he will neil i think hell throw a bone and say, look, im progressing. Hes the new york giants enough with the sports. Neil you are very much a manly man. By the way, are these football analogies youre making . Soccer . Okay. Im looking at it saying, i do think well get something, not much, that might be just enough for republicans to look less like a party of no and puu the president on defense. What do you think . In a gallup poll in midoctober, voters were saying the economy was their number one issue. The number two issue was the way the federal government works. And i think republicans here have something to prove. They want to prove they can be a party who can goveen competently. Who do not have to shut down the government. Who do not have to bring the country on the brink of default on debt. That wasnt going to be the case under Republican Leadership in the two houses of congress. They were going to govern the country with certainty neil well see. These guys are a little negative. Im not. You know, the football youre the happy guy here. Neil exactly. I havent slept. It was the night for the reccrd books. Not for washington. For us. Gage wh us. An uredented pgram artinbusines. Atartners businees with univeitie acrosshe ste for bett access to talent, cutting edge reseah, and statof thert fities. And yopay no taxes eseah, for tears. From biotechn brooyn, to next gen energy in ngmton, manufacring in buff. See how startupnyan help your business grow at staup. Ny. Gov startupny has new businesses popping up across the ste. Wanthard it can be. Tbreathth copdit can feel likeke this. Copd includes chronic brchitis and emphysema. Spiriva is oedaily haled. Copd maintenance eatment. That helps openy airways r a full 24 hour yoknow, spivhes meeathe easier. Spira handihal tiotropium bromi halaon powder es not reple reue inhalers for sudd symptoms. Tell ur doctor if you have ey proems, glaucoma,troublurin, orn enlaed proste. Thesmay worsen with spiriv discuss all medines yotak. Stop taking spiriva and seek immediatmedical help if discyour breathings yotak. Suddenly worsens, your throat or tong swells,. Yocaget hives, vion changes or eye pain, or problems passing urine. Otheside eec incle drmouth and constipation. Nothg can vee co. Andspiriva hes me breathe better. Sfx blowing sound. Does breathing with copd. Weigh you down . Dont wait ask your doctor about spiriva handihaler. Tigers, both of you. Tirs . Dont be modest. I sehow uve setting long tergoals. Diversifying p of course. Youyou type e tion. Well, i ha been researching rerement strategies. Well thats what type e s do. Welcomhome taki control of urur rirement . E trade gigives you the ols and rese you type e . It right. Neil what a night, take a look. Single. From fox business studios in new york city, here is neil cavuto. Neil i looe that guys voice. But im never prepared for it. Mitth mcconnell is virtually indestructible to be the next majority leader of the United States senate. And when republicans reconvene and maybe possibly in the majority, would you vote for him to be your leader . That is what i anticipate doing. I think that Mitch Mcconnell has an opportunity to turn this around and the president could have some constructive movements. Neil tom cotton defeating mark pryor in arkansas. Its urning out to be a great day in ameeica. Lets get things done state. Lets have it delivered. My experience from 2010 makes it me think that they might be more tempted to design it so that the president will veto it. You are very jaded and very negative. [laughter] neil slow up, guys. They just animate everything. Peter, what do you have . P im in the whether real but they turned it into this fabulous space. Big storm in politics tonight. Neil its still early and we have much more to go. Also coming up in the battles today, kennedy is talking about what is going on. All of the guys that you are campaigning for have one. Are you going to run for president . I dont know, thats a 2014 decision. Are you going to run for president . Hello, thank you for being with us tonight. Neil that is your way of not answering. Neil are you open to a president ial run . Anyone who has the ability to do so is crazy to say no. Weve gotten this will attend the republicans have taken control of the house again. 2016 is not going to be a guarantee for anyone. Neil scott walkee we can say has one hhs reelection in wisconsin. You for your support. They have spent a lot of money trying to get this guy out oo office. But in fact the Union Members are voting for him. It is interesting to get this taylor swift comparison with tom harkin, but i dont know if youll et this reference, but she shaking it off neil it was meant to be a mplement neil we are looking at a heck of a night. Aad im just thinking that it is going to come down to the last vote. P this is hightech of a process. Ive been wanting with the popcorn in the green room they just need one more to take contrrl. Neil joni earnst has won in iowa. We did it. God bless this great nation. Thank you very much. We are proud with what was accomplished. I am here just to tune in for you this late hour and its early out here. [laughter] i want to schooled you, mr. Neil cavuto, im supposed to be out at 5 00 a. M. Youre keeping me up late. [laughter] neil i want to thank my crew and my colleagues and lou dobbs. Youve seen a history of the nation again. Neil obviouuly we dont take ourselves too seriously. Even on big historic nights we like to remind you that its worth the long nights and worth getting a little kooky as the hours rollon. And when i hear the Business Networks talk about how much your financial welfare means and they run reruns about a shark tank, im thinking, wait a minute, you are lying pieces of scum. We are not red or blue hair. We are going to keep doing it. We have a lot more to do in so many more elections. Thank you all and have a great night. 3 kennedy today you and he are friends because theyre either in the throes of a love hangover savoring every last drop of election night, or they are suicidaa. Either way, its understandable f you are jealous. Strong reactions prove that you are alive. The hardest thing about being an independent is you can never get emotionnlly attached to one candidate or party. And so when was the last time you highfiber hub someone because soandso finally