Lake michigan it is frozen over. 80 of the entire great lakes are frozen over. Gerri new winter storm is on the way. And a new lawsuit against jim beam. The says popular bourbon says it is not what it says it is. Age every drop of jim beam twice as long as the law requires for a true kentucky straight bourbon. Gerri all that and more, coming up on the willis report, where consumers are our business. Gerri heres the latest message from our federal government, think of mother nature, not your stomach. A Government Panel recommending dietary guidelines. Want you to eat less meat to help the environment, guess what, it doesnt stop there. The panel pushing a tax on soda and sugary snacks. Here to weigh in from the Cato Institute chip, and author dr. David perlmutter, author of the upcoming book, brain maker. Great panel. Chip, i start with you, i started looking at this, i couldnt believe how much this report, 500 pages from this obscure Government Committee overreaching tells us not to eat meat because it hurts the environment. Is that their concern . You wouldnt think that the Dietary Council would be concerned about impact on the environment of the food were eating. It is completely overblown and not really anything that are you really that concerned about, when youre choosing what to eat for dinner . Gerri right, i couldnt agree more. There were other things i thought were amazing. They want obesity interventionists in your place of work. So i guess if you eat too many candy bars out of the wending room machine they will come for you. Unbelievable to me. Dr. David, to you, what do you make of these guidelines . Are they going too far . Well it is hard to say. It is a step in the right direction, that finally were getting decent guidance telling us that perhaps we need to cut back on sugar and carbohydrates. Up i think idea of becoming totally not eating meat is a bit draconian. I think the argument in terms of the meat issue or animal product issue in terms of the environment really needs to be substantiated. There is a lot of work that needs to be done. Further, the idea that Government Intervention and even taxing foods that are high in sugar and carbohydrates coming from Advisory Committee on nutrition, i mean it would be like asking your congressman for dietary recommendations. So that is a bit scary. Gerri like asking your doctor for tax advice. What does know, right . Kerrey to you there were other things i thought were coercive. They talked about electronic monitoring of your tv watching. Think about this. So the government will be on your shoulder, watching you watch oreilly or whatever making sure youre not sitting there too long. Taxes on desserts sugar soft drinks colas. Would that even work . A lot of this you have to remember, are recommendations okay . Doesnt mean it is going to happen. So lets just, clear that up. However, do i think a lot of might be overstepping . I think so. I dont really think that the consumer is going to be able to take all of this in and make all of these changes. Hey, this isnt because were stupid keri, come on chip, were not dumb, right . The real problem we understand what is bad for us. Were not taking the government recommendations. How, why would people be willing to make a change in their diet for the good . Well i think gerri ask chip. Okay. Well they shouldnt be based on false promises to save the environment. This all works into the president s sort of Climate Action plan because the Dietary Council giving out recommendations of Greenhouse Gas emission and which foods produce less. When you work through the numbers, none of them make any difference in the big picture. Highly misleading. Patently misleading. You want to say . A lot of dietary guidelines are for federally funded meal programs. Gerri dont have a very long arm. They will influence a lot of people. Make the difference what foods are sold and what foods are not sold. At end of the Day Companies make decisions about what theyre willing to invest in. Dr. David, to you do you go along with the idea this has been proposed numerous places, right here in new york city, for one, a sugar tax, maybe a soda tax . Do you go along with that . No, i dont. People should be a able to vote with their wallets. Shouldnt be a mandate but based on informed decision. Let me take you back, by and large a lot of government recommendations have been given to us by the u. S. Department of agriculture which really their mandate is really to help farmers grow and sell their goods. So really was never based upon what is actually good for a person in terms of his or her health. So we really have to take a step back, what are those fundamentals . You know there was actually a time in our distant history you know your older viewers may recall we were told we should eliminate fat or go on lowfat diet. Gerri right. What we really need to do stop sign advertising our food and science advertising recommendations. What foods allowed us to survive this day and stop making silly recommendations based on one or two reports. You make a really good point. If i could ask a question here. You know i think the government really kind of pushed us into eating carbs. Suddenly carbs are bad. I dont think we can just say carbs. Fruits and vegetables are carbohydrates which we recommend people eat more of. We recommend people eat whole grains. Science wise they have been found to help lowering cholesterol levels preventing heart disease. Were looking at the science. Dietary guidelines is what theyre doing. Maybe some recommendations gerri chip, to you, i think government created some of these problems because their recommendations were frankly bad, punk. They drove us to the wrong things to eat. Now were fat because we were sitting around eating pasta and chips and stuff like that. The government was recommending that. Well, the state of youre exactly right. The state of science changes over time. Gerri right. And as we as you heard what is going into these recommendations is not just science. There is politics involved to. You have to tyke this with are grain of salt. Does the government need to set policy based on these guidelines . Take it with a grain of salt but not two grains of salt. Let me go back to the statement about eating more fruits and vegetables but that is good recommendation but this is all about carbohydrates in terms of significant degree representing health risk. Consumers need to understand there are hidden sources of sugar in carbs. For example 12ounce glass of orange juice contains nine teaspoons of pure sugar. May as well drink a can of cola for breakfast. That is the type of education people need to get to make informed decisions. Idea of mandating that is a little bit draconian. Gerri im on your page. Keri is disagreeing with soda for breakfast. That is little farfetched, comparing orange juice, 100 orange juice to soda. That i wouldnt compare. Im glad it is farfetched. Thats good. Thanks so much for coming on. I knew it would be a good panel. Thanks to all of you. Thank you. Gerri i want to tell you im very happy to see my viewers are on the same page as me with this stuff. We asked to you tweet us, what is your guilty habit out there right . We got this from age i think. Movie nachos with fake cheese and too many jalpenos. I only feel guilty when the chips get soggy. Amen to that. Rick says this it is my sausage egg and cheese bagel. I love. That breakfast delight. You have to have a little bit of that every once in a while. Maybe dr. David has that right. What are we eating . Maybe keep eating more of it. More to come this hour including a major mistake surrounding obamacare forcing a Million People to delay apply filing taxes. Would you buy an drive a apple car . Could it soon be reality . Details coming. Life an everyday miracle of survival today the future of all life on earth hangs in the balance what happens next depends on us well you done done me and you bet i felt it i tried to be chill but youre so hot that i melted i fell right through the cracks now im trying to get back before the cool done run out ill be giving it my bestest and nothings going to stop me but divine intervention i reckon its again my turn to win some or learn some but i wont hesitate no more, no more it cannot wait, im yours open up your mind and see like me open up your plans and damn youre free look into your heart and youll find that the skys yours so please dont, please dont, please don t theres no need to complicate cause our time is short this oh, this oh, this is our fate im yours gerri well, you probably heard the rumors. Apple reportedly working on a secret electric car and it could be coming to market as soon as 2020 believe it or not just five years from now. Reinforcing these rumors, the company gettingcaught up in illegal battle from poaching companies from an electric carmaker. Does apple have what it takes or should it stick to iphones. Were with former google tech manager sarah cooper. Welcome to the show. Is that a big leap from iphone to entire car . That is pretty big leap. If you have problem with ios 8, hopefully you get by with Good Customer Service but if you have a problem with your car gerri drive to somebody else. That would be pretty dire consequences. Gm dan akerson told reporters that no way apple can pull this off. I dont know if he is speaking from one of the biggest carmakers in the world and nobody can do what i do or is that true . Is it too hard capital intensive, too difficult. It is a difficult industry to get into. Most automate tiff Industry Experts you need five to seven years to develop a new car. Apple has zero experience developing a new car. They say they can do it by 2020 . Gerri 2020. That is five years from now. Gm did it in five years. Havent had that much success. Youre not seeing fiskar cars all over the darn street, thats for sure. Akersons point says there are too many players and margins are too small. You make a big Capital Investment and dont get a payoff what youre doing. Look at this number, apples cash hoard is 178. They can buyout right gn and in order, seven times over and little money on the side. Why dont they buy expertise. Gm and ford might not be up for sale. Well see if that is true. They have been talking to tesla but were not thinking actually tesla is actually for sale. Elon musk has too lofty goals for his company. He might make a partnership with them though. Gerri right, exactly. What does apple car look like . , i mean you know, it is interesting i have this theory about apple what they really want to be is the highend the elite brand like tiffanys of electronics. Yeah. Gerri so what would their car look like . Theyre known for their incredible design. So im thinking that the car would actually be incredibly sleek but it would have to be extremely Energy Efficient to compete with some of these electric cars. Theyre saying it might be a minivan. You can imagine a experience where in the front the parents are getting one Entertainment Experience and in the back the kids getting movies and games. Yeah, you never know. They might revolutionize this. If they do it with the phone maybe they can do it with a minivan. Gerri so they poached someone who designed a concept car for mercedes. Look at pictures of the car from mercedes because it is mighty pretty. This might be close to what youre talking about. Do we have the pictures i hope because theyre very beautiful, very sleek as you say hightech, cuttingedge, electronics. Is that something you think . Apple might do . I think it would have to be Something Like that. In order to actually differentiate themselves to say this is car Everyone Wants to buy which will probably be pretty expensive as well, it better be something completely different and revolutionary. Gerri talk about the batteries that is what it is all about, right . How far does apple have to go to create a battery that would fuel a car . That is why theyre poaching employees because they have the expertise to sustain a car an battery that would differentiate themselves. That technology could be used in any of devices. Maybe in this car doesnt go anywhere, it might do something else. Gerri they have so much cash. Billions of dollars. Sara, great to see you. Thank you. We want to know what you think. Here is our question tonight. Would you buy an apple car. Log on to gerriwillis. Com. I will share results at the end of tonights show. Later in the show, you knew we would talk about liquor. Jim beam claims its whiskey is hand crafted but is it relately . Well debate. The obama care enrollment session claimed was a huge success. There now forced to acknowledge a big big oopsy. Stay with us. Gerri latest obamacare blunder, this time the irs is to blame. Nearly one Million People were told that the irs sent them wrong information for tax returns. The government is asking in to delay sending in the returns until it is straightens things out. With us dr. Potarazu. Welcome back to the show. Tell us what the mistake was. The mistake was that the benchmark premium number used for the form was incorrect. And it is off of that number that is the calculations are based. And having been in the industry for over 20 years gerri you mean calculations for subsidies, right . The calculations of the subsidies, yes, thats correct. So having been in the industry managing Health Care Technology and data that kind of mistake is extremely serious. Because gerri it is also it is serious but also making people mad because if you delay them turning in their tax returns, they have to wait for their refund. Theyre currently being told that you cant file until march. Dr. P, you know how this works for so Many American families. You have that refun timed to the day. You have that monly already spent. This has a lot of people out there frustrated, wouldnt you say . That is the first domino, to fall gerri. Youre absolutely right, people will get frustrated because theyre only reporting 800,000. But im absolutely confident the problem is much more serious and what happens next is that were going to discover there are deeper issues, because the back end systems are having problems in terms of synchronizing data coming in from the irs, going to the insurance companies, and it is so complex that the number of problems and errors that can occur, are far more than what has been anticipated. The next domino to fall is when people figure out the actually dont have coverage when they thought that they did or they show up in the Doctors Office there is a problem. At which point, this act does not become affordable, and there is no care. Gerri let me interrupt you here for a second because youve been saying for a long time there are problems in the back end and they will only slowly show up but i want you to hear from the ceo of obamacare kevin carnahan. Listen to this. Were very pleased with the second year. Were not doing any victory laps. There are always opportunities for us to do things better which is what were committed to doing, were confident that next years open enrollment is going to be even more successful and easier for consumers. Gerri dr. P, is that just pr spin . The number is not in enrollment. That is a fallacy. It does not matter how many people enroll. The endgame is if those 11 Million People are actually paying the right subsidies, the math is correct and theyre able to get the care and doctors that theyre supposed to. Until we receive that end point, it is like giving people a ticket to an Amusement Park and there are no rides there is no cotton candy and nothing is working but you have 11 Million People in the Amusement Park. Theyre not going to be happy and thats where we are today. Gerri wow. So 11 Million People enrolled but 800,000 is a big percentage of that 11 million. And that is the tip of the iceberg. And i speak again gerri let me say i heard people talk about the proportion of folks who sign up, who typically actually send in the check, okay. That is not just for obamacare. It is for any Health Insurance company. Way down to 84 . So you start there, most people will not a lot of people will not send in the check. Those numbers come down and come down significantly. But the other problem i have with what is going on, guess what, we offered yet another extension, because the democrats are afraid they will lose their jobs and people dont understand theyre on the hook for paying their part of the freight here. What is going on with that . Correct. I think that is a major issue because a lot of people are still uniform lar with the implications of penalties which have gone up to 325 from 95 in the first year. That will be a rude awakening. The second is that people are still trying to navigate the complexities what is within their plan. And what the plans really are. If the government cant get the premium correct in terms of the information, then how can the average american consumer, understand what theyre supposed to choose in terms of what theyre actually getting . That is the irony here. Then you get into the issue of, the dependents and how many people are on the plan, who is actually eligible for the plan, and what is actually covered within the plan that you chose. There are some complexities to the unknown to your point are far too complex for the average individual to navigate that the amount of chaos is going to mount on its self over the next several months. Gerri consumer end that is confused. Clearly the government that is screwing up here. They cant explain it. More so. Gerri they cant explain it to people. Thats why people cant understand it. Theyre not stupid. Government is capable of putting together a program that makes sense. Communication has been critical i agree with you, 100 gerri. I said time and time again more needs to be invested at every level over and over again how we communicate this. I said this in the Surgeon Generals role. The Surgeon Generals role should have component educating folks what this really means because this is Major Public Health issue. Gerri i think that is great point. I dont think we had a Surgeon General for first four years of obama administration. Its a mess. Dr. P, thanks for coming on. Good to see you. Likewise. Thank you. Gerri coming up, arctic air, bitter cold winds move across much of the u. S. How long will the subzero temperatures stick around . Next, our legal panel has a discussion on a lawsuit that claims that jim peoples bourbon is not what it claims it is. Hmmm. . Gerri welcome back to the willis report. In a moment our legal Panel Debates a lawsuit against jim beam, but its time now for a look at stories in the news. The government fines takata 14,000 a day for failing to cooperate with an investigation. Takatas airbag inflaters with a lethal flaw, some explode and spew shrapnel into drivers. At least six people have died. Takata has failed to provide day day data to nhtsa. After nine months of talks, labor secretary thomas perez told dockworkers and their employers if they cant seal the deal today the parties will have to go to washington. However, officials have announced the ports will be up and running this weekend. Stocks hitting new highs today after a breakthrough regarding greece. The country and its eurozone creditors reaching a deal to extend agrees a bailout by another greeces bailout by another four months. And the World Health Organization has dramatically cut the time it takes to determine if someone is infected with ebola. The test can provide results within 15 minutes compared with current tests which talk about 24 hours. And those are some of the stories in the news tonight in case you missed it. And on to our legal panel. The famous bourbon brand jim beam has been slapped with a 5 million lawsuit over the word hand crafted, and thats written on its white label bottles. The lawsuit is claiming false advertising. So is there a case here . Joining me now, business and contract law attorney Dominic Romano and fox news legal analyst lis wiehl. I want to show folks what were talking about here. Right on label it says that its hand crafted. Tells you for anybody who wants to actually read the label. Lis, lets start with you, does this lawsuit have merit . It really doesnt. And this guy and his lawyers have been suing other producers of not just jim beam, but lets see, makers mark angels envy, so theyre looking for money here. Theyre going after the deep pocket. And by the way when you say hand crafted, that doesnt necessarily mean handmade. And when you go on to jim beams web site which i did this afternoon, youll see that they actually go through the process and show you that its men and machines, its together. So theyre not trying to gerri dominic is that true . That part is true there. Only that part. On their web site they do show that. You go to a dictionary, hand crafted, what does it say . Made skill thrill. This is advertising right . How much do you respect the public . Is the person in the liquor store or going to go to youtube or go the web site and see . No, theyre going to read it says hand crafted. Is it hand crafted . The answer is, probably not. Gerri ive got to tell you not a great deal of human involvement. Not a great deal of human supervision, assistance or intervention. Gerri all right lis respond to this, so the folks at beam [inaudible] calls this claim frivolous, we will defend our case frivolously, and we are confident we will prevail. What does it tell you that they only sued for 5 million . Only for 5 million . Gerri they make 90 million in sales every year. A lot of money. I want to go back to gerri answer my question. Five million . Thats a lot. Thats a nuisance value. Gerri thats a i nuisance value, i agree. I want to go back, i really do want to bring up the anheuserbusch case that happened in 2013. It was, again, a big case. They got 50 per family to say because it said thats not what theyre looking for here. Theyre trying to get a class action certification. Not going to happen. Damages, five million . Inform the public. Its about respecting the consumer its about making money for you know what . Theyre competing. Unfair competition. There are people making hand crafted, small batch there are. Bourbons, and theyre gerri thank god. And theyre competing against these people who put out three and a half million its the most popular bourbon thats out there. You just made my point. Its not handmade you said. Thats not what the label says. It says hand crafted. Thats different. Hand crafted is made skillfully by hand. Not much of this is made by hand. Heres whats going to happen and its not a small batch. Theyre going to settle this for nuisance value. And what . This is what people hate about lawyers. You sue for 5 million because this guy what he bought a couple of these things and he got ticked off . Its about truth in advertising. Gerri this is what my question was about. Five million is not much to this company. They wont get that. Gerri pay it and walk away. How much do you respect the consumer youve said that before. Heres the problem with nuisance value cases though once you settle a case like that gerri then you know the standard. And other guys are right behind you. I hire a lawyer and they change their practices and be more honest with their consumers. They put it on their web site. Are they really small batch . Are they really hand crafted . [inaudible conversations] gerri theyre the worlds number one bourbon. That probably is true. Its not because of production. But the lawsuit is saying just be honest about how you make it. Gerri i love it. I thinkst funny. Before you guys go, there are lots of claims out there, and i want to read you just a few of them. All right. So gillette, the best a man can get. Take a look at this. [laughter] so theres a claim. Snapple, made from the the best stuff on earth. Really . [laughter] really . Can you prove that . All the junk thats in there . Gerri and coors light, cold as rockies. When you go to the Grocery Store and see an organic label, do you want to know its really organic and no chemicals were used in the process . Chances are, yes. This is twice as expensive typically, as the average bourbon. So youre paying more because its made by more human beings more labor is being employed. But if thats not the case, maybe its time [laughter] i dont think gerri is it possible, is it possible, though im just curious, because i just read some examples of advertising claims that people dont sue over, but you could but nobody thinks that anybodys really telling the truth here. The best a man can get . Really . Its different than saying its made by hand. Makers mark, handmade. Jim beam, hand crafted. Look at dictionary. It says skillfully made by hands, human hands. Not machines. [inaudible conversations] gerri weve got to get out of this. This conversations going downhill in a hurry. [laughter] thank you. You guys were great. Yeah. Love the announcer this is why you get by on 4 hours sleep. Why you took a second job. This is why you taught yourself how to fix the plumbing. And spend hours juggling the bills. This is why youll do whatever it takes to keep your home, and that is why we want to help. We are making home affordable a free government resource that can make paying the mortgage easier. Now more options are available. Call 888995hope to talk one on one with a housing expert today. Green bay dealing with that snow x its nothing substantial. However, it is enough to coat the roads and produce slick travel so take it easy especially as youre heading home from work. And its going to continue to combine. That area of low pressure is going to continue to combine with all the arctic air in place and taking a look at these real temperatures, were going to get even lower as we head into weekend. Right now it currently feels like its 28 crees in washington, d. C. And degrees in washington, d. C. , and thats a piece of cake compared to what it feels like in new york where temperatures are in the Single Digits even colder across syracuse coming in at 14. Theyre dealing with windy condition, so no relief on the way not at least for the next few days. Now, that system will continue to intensify as it moves further east, and its going to produce snow showers across the region from new england and as far west as illinois. Were also going to see much of the same set up as were seeing with an icy mix further south and also a mix of rain and snow impacting folks across new york. And if thats not enough, were also going to pick up anywhere between 36 inches in the darkest shaded lawyer. Locally higher area. Overall, quite unsettled through sunday, and then were looking at another arctic blast, lots of colder air once again as we kick off our weekend. Or, i should say, as we head back into work on monday, were going to see lots of colder air in place be and passing us here in the northeast. But that cold extends as far south as brownsville in texas. So overall very cold conditions. I wish everyone a safe weekend and bundle up because you are definitely going to need those heavier coats and gloves. Gerri thank you so much for that. I wish you had better news, but i guess youve got to tell the truth. Thank you. Well the 87th annual Academy Awards are this sunday even though many of the attendees will go home without having won an award, the losing nominees never go home empty handed. Theres always that swag bag with thousands of dollars worth of merchandise. Deputy awards and feature editor Jenelle Reilly breaks it down for us. Good to have you here. Thanks for having me. Gerri 167,000 the most ever. Whats so valuable in the swag bag . Well some of those prices might be inflated, because when i actually look and break down whats in the bag, i notice its like 5,000 for a family portrait, you could probably, you know go to the mall and get something cheaper. [laughter] theres a lot of artwork, also valued at 5,000. Some of the most interesting items, there is a 250 laser vibrator, actually sounds a little terrifying to me. Theres actually a 250 vaporizer. I dont know, you know what they think Academy Award nominees are doing in their spare time. And then my personal favorite its a Gift Certificate valued at 20,000, and its an opportunity to have a life coach come meet with you and teach you this is a direct quote mind control techniques. Gerri a vibrator and a life coach. Of thats about all you need right there, right . That is so sad. [laughter] whats interesting though, is they give these out every year. Do like the really famous people get better swag bags than the people filling up the seats . Oh, definitely. The swag bag is actually only for this is very interesting to me its for the people in the acting categories and the directing category but the losers. So if you dont [laughter] if you do win the Academy Award, you dont get the swag bag. Gerri youre kidding j. Do you want that gold or do you want the laser vibrator . Gerri jenelle, has anybody ever told you any of the famous actors what they do with the stuff . Do they donate it to charity . Do they put it in the closet t . Do they give it to their sister back in minnesota . Yeah. I would say 99 of the time these go to their assistants. Gerri very interesting. Okay. Theres a controversy though right . Lets get to the controversy. The academy doesnt like these. Why . Well, back in 2006 they used to authorize the swag bags and they used to actually have their own. But then the irs was going to start taxing the people who received the bags. [laughter] so it wasnt really fair, you know, to get a bag valued at 170,000 worth of gerri yeah. Because in their tax bracket youre never going to use. Gerri thats like 50 of the 167,000, youve got to pony up a lot of dough. Do they pay tax on the stuff . No. The academy no longer authorizes them, and so its handled by a separate Company CalledDistinctive Assets which is a marketing company. Gerri so nobody ever knows. Yeah. So they just deliver them to the nonwinners. Gerri all right. Predictions. Best picture what will it be . For me its all about birdman. I loved this movie, although i did not expect it to be the winner, but it has swept the guilds. It won the Producers GuildDirectors Guild and sag ensemble. That is very difficult to argue with although oddly a lot of people are still predicting boyhood. In my opinion its kind of a triumph. They were both independently made both very singular visions and really Passion Projects for the directors. Gerri im hearing that american sniper is going to get zero. I think itll actually get some sound editing awards gerri oh, my goodness. I wouldnt be at all surprised. Gerri thats like an insult. Sound editing awards because nobody will ever know you got anything. But im telling you, if theres going to be a big upset, keep your eye on bradley cooper. He is the only previous nominee in the best actor category. Even people who dont like american sniper really admire this performance. Its transformative, he put on all this weight, hes very beloved by the academy gerri well,s this is advice im willing to take. Keep an eye on bradley cooper. Jenelle, thank you. [laughter] still to come my two cents more. And next, is the returnover subprime lending good or bad for consumers . Why those low Credit Scores are being targeted. Stay with us. Finish gerri subprime lending is back with a vengeance. We told you that this week. Loans to consumers with low Credit Scores are at their highest level since the start of the financial crisis. Larry winget, a personal finance expert and author of many, many books, before we go to this larry, we had a great segment on this fella suing jim beam, 5 million, because they claim on their bottles theyre hand crafted x this fella says, no way. How do you react to that . The average bourbon drinker doesnt care. [laughter] ive got over 100 different bottles of bourbon, and all i care about is whether its smooth and tastes good. Gerri i agree with that. All right, lets talk about debt. I know consumer tet is one of your debt is one of your favorite topics, and this week we did a lot of reporting on people in subprime debt. Four in ten people are getting subprime loans mostly for autos, because if you default on that the bank can just come to your house and take the car back. What do you make of this . Are we going back to 2007 2008, 2009 . It would look like it. Its kind of deja vu all over again. Interesting, though, you said four out of ten. We have four out of ten americans who spend more money than they earn. I wonder if those are the same people . [laughter] these are you know, you have lending institutions that are willing to go out there and loan money to people who have proven new their past credit through their past credit that they are either slow pay or no pay. That sure seems stupid to me. And theyre not doing these people any favors by loaning them money. Gerri well whats the credit score, 640 or lower . I think thats the subprime limit. And, of course that score goes all the way up to 850, so these are not people that, larry, you would probably lend your Bottom Dollar to, am i right . Absolutely right. As i said theyve already proven they dont respect credit. The problem is, too, if we make it easy for these people to borrow money easy come easy go. In other words, money that came to you easily, youre probably not going to respect a whole lot and might be willing to dismiss those payments. We saw that when we just got credit cards in the mail and you were preapproved for credit cards. You didnt respect that credit card so you charged it up and it didnt bother you to not pay it off. This is about respect. Its a commitment to your commitments. Gerri a commitment to your commitments. But, you know, its not just low credit score people who are taking out the dough right . Theres more Consumer Debt than ever 117 billion over the Fourth Quarter over the previous year, thats 11. 8 trillion. Whats wrong with us . Why dont we just pay for things when we buy them . [laughter] i think we get confused by whats really important. I think weve confused our needs, our wants and our cant live withouts. You know, when youve got 50 of americans who believe that they cannot live without a cell phone, we are confused. A third think that cable tv is a necessity. Thats a confused society. Gerri whoa, larry, larry people want stuff. Gerri larry my friend, we love the people who love cable tv, right . Right . You know, i understand that. But food and shelter are what you cant live without. Gerri thats true. You know the millennials have it all inside out. They dont want a house. Theyd rather have a cell phone. Theyre going to use uber, theyre not even going to get a car. Theyre not socking away money for the long term theyre spending it now. I wonder about that every time i go to las vegas. You cant get to a table because theyre packed. Weve got 40 of people who spend more money than they earn you havent had salaries go up in the middle class in years and years and years. Where is this money coming from . Gerri i agree. People dont have it, so theyre borrowing it. Gerri larry, an important fact were omitting, it is 77 degrees in phoenix right now. Thats what your backdrop is. [laughter] and i feel a little ripped off. Im just saying. There you are in phoenix its all warm. You know, there are consequences for everything, arent there. [laughter] you live up there, the consequence is you freeze your butt off a good part of the year. Thats how it is. Gerri thats how we keep our weight down larry we just freeze to death. Thanks for coming on. It was so good to see you again. Its good to see you. Gerri all right. Gerri would you ever buy an apple car . We asked the question on gerriwillis. Com. Look at this 10 say yes. No 90 . Ooh, guess they had a bad experience. Finally, you know how people talk about core competency . You know like ford considers making and marketing trucks a core competency. The trouble with government is it has no core competency. It has delayed or changed deadlines for the law nearly 40 times, and its doing it again today because the irs sent out incorrect tax forms. Now nearly a Million People who applied for coverage will have to wait to file they are tacks until at least march. Tacks until at least march. And most important, wait for their refunds. Governments ambitions have gotten beyond its capabilities to borrow another familiar phrase from business, a downsizing is in order. Thats it for tonights willis report. Have a great weekend, we will see you back here monday. Stay warm. Facebook page. Thank you for being with us and have a great weekend and good night. Stay on the president might not know what to call him, but now isis this might have saved him the trouble. Welcome, everyone, i am neil cavuto. Dont look now, but the muslim extremist are extremely close to calling libya theirs. Experts tell me that the issue isnt if they fall crisis but when, given their rapidfire spread throughout the middle east, im thinking on the scary ballgames. Because they had this and dont southern europeans know it inferior. And im te