Transcripts For FBC Forbes On Fox 20171119 : comparemela.com

FBC Forbes On Fox November 19, 2017

Thing. The individual mandate would be a great tax cut for the middle class, for Small Businesses and people who have been really hurt lately have been millennials. Theyre young adults, overpaying for health care and on the hook for pensions and the u. S. Debt and state municipal debt. Lets give them a break. David and bruce, according to cbo its going to be good for the debt itself. They say dumping the mandate will save the country 338 billion over ten years. Thats a lot of money. Well, i have no doubt that the idea is to get fewer people covered so they can free up money to give tax cuts for the rich, but i think no, no, no, hold on, hold on. In careness to the cbo. Let me explain how they got the number. The fact is if people are not forced to buy obamacare, fewer people are going to be signing up for subsidies and medicaid. Thats how the cbo came to that number. Go ahead. Okay. So, i would say, you have to have some way, whether its a penalty or in the failed republican repeal and replace effort, there were ways to expand the pool and require some personal responsibility for people to have insurance. Im an advocate for everybody to have insurance. If there are fewer people insured, were all going to pay because these people are going to wait, whether theyre young, old, whoever, theyre going to wait until they get sick and dont have the money to pay and wont pay and our costs will go up, thats the way it works. David the fact is, our costs have been going up. You look at cost of deductibles going up about 36 , and then you look at the cost of premiums, going up 41 . This is with obamacare. Costs have been going up because of it. Its always going to be expensive when government tries to create a right to a market good. Whats interesting about this, the democrats have never been able to explain why if obamacare is so great that they needed to pass a law to force people to participate in it. Amazon doesnt need a law to bring people to its website. David right. And coke doesnt have a law to force people to buy cocacola. And of course, a mandate, is coercive and utterly unnecessary. David and the question about health themselves. A lot of people are paying so much deductibles. The bronze plan for obamacare, 12,000 deductible. A lot of people are skipping checkups, skipping procedures because they cant afford them. Well, not having insurance is not going make those more affordable. I think we ought to keep the mandate for the reason that bruce alluded to. If you dont have insurance, then people who are uninsured go into the hospital and run up big costs and the rest of us get stuck with the bills, thats not fair to the rest of us. David emack, there are a lot of people getting stuck for a bill for nothing. 6 1 2 million americans have decided that theyd rather pay a fine than deal with obamacare, and a lot of those, 90 of those make under 75,000. 30 make under 20. This is a tax on the middle class and the poor. I always wondered if obamacare was so great, why were nearly 7 Million People choosing to pay the penalty instead the majority under 50k. President obama did not like the mandate tax either. He campaigned on that saying he was opposed to that in 20072008. I like how Chuck Schumer and democrats are arguing, republican are kicking people out of obamacare getting rid of the mandate. This is voluntary. They voluntarily chose to pay the penalty instead, many lower and middle class. David you say that republicans are against the middle class. Its obamacare itself forcing americans to pay a fine because they dont want insurance. This is a middle class tax cut, what the republicans are trying to get. Well, i guess, one of the wild cards will indeed be if theyre successful in this and i dont think they will be. Lets just say they are. Enrollment for obamacare in the third this is what the fourth year now is surging despite the fact that the president has tried to kill it and whatever. So it will be interesting to see if they do get rid of it, who signs up because we you say the young people havent been paying anyway so we cant feel sorry for the millennials. David rich. After a lifetime of smoking fooch too much, drinking too much, people are going to need this and why the families should be rooted in this. David the people who have bad Health Habits end up in the hospital and we pay for it and thats why the money has to be distributed to all of us, what do you think . We are going to have to pay either way. What the democrats cant explain is that if the program is so great. Why do you have to force people to do it, why do you need a law . You talk about costs, the first computer cost over 1 million dollars, first cell phone, 4,000. Market competition brought down the price of each. Why is health care so unique. The left hasnt been able to explain it, neither has the right. To johns point, why should we be forced to buy a product that we dont want, and if its great cbo projections are off 60 who was going to enroll. David bill, what do you think . I know you side with bruce on this, at the same time, when you force poor people and middle class to pay for something that they dont use, thats an injustice, is it not . Well, im going to address the fraudulent claim by the republicans in congress that having people go uninsured is going to create 300 billion dollars of wealth. You dont create wealth by having people going to the hospital uninsured. The hospital bills have to be paid somehow. David here is the point of that number, as i said before to bruce, we are spending a lot of money since obamacare was implemented subsidizing people who cant afford insurance. Subsidizing people who get into medicaid. If youre not forced to buy insurance, those subsidies would not be necessary and the cbo and theyre pretty down the line, theyve ticked off a lot of conservatives in the past, theyre the ones who came up with this number. Well, im going to make a point that john tamny has educated us on and that is the thing thats not seen. The capital does not go into free Market Development and innovation and Health Care Sector. If you have if you had a freeing up as a Health Care Sector and you could liberate all of this innovation and you had the extra money to go into the space, magical things would happen and prices would drop, Health Care Quality would go up. David so, john, this might not only benefit the country in terms of lower debt costs, but it might also benefit the Health Industry itself . Of course, it would. The Wealth Creation isnt going to be created by government per bill. The way its going to be created is that you free up the innovators, Silicon Valley is rich precisely because of what rich describes. Its a chief revolution. Constant competition that brings down the price of everything. And imagine if you unleashed entrepreneurs on health care as opposed to allowing republicans and democrats to try to legislate access to market good. It would be amazing. David if you have to compare entrepreneurs to politicians, i think we know who would be eif isht efficient in that. Did Hillary Clinton call special counsels abuse of power . Not the ones that trumps team, but the ones who look into her team. Is this for me . [alarm beeps] happy . Wooo let out your inner child at the lexus december to remember sales event. Experience amazing at your lexus dealer. If you wear a denture, you not only want a clean feeling every day, you want your denture to be stain free. Did you know theres a specialty cleanser thats gentle enough for everyday use and cleans better than regular toothpaste . Try polident cleanser. It has a four in one cleaning system that kills ten times more odor causing bacteria than regular toothpaste, deep cleans where brushing may miss, helps remove tough stains, and maintains the original color of your dentures when used daily. For a cleaner, fresher, brighter denture, use polident every day. Now back to forbes on fox. David more g. O. P. Lawmakers saying if the special counsel had enough to open up an investigation into the trump campaign. They now have enough to open up into the Hillary Clinton campaign. She says its an abuse of power. You say fair is fair. We dont want them influenced by the outside. The antitrump dossier, who paid for it, the Clinton Campaign, the fbi, the fisa wire tap warrants. I think we need to look too it. David i know the investigations cost money, but if its fair to look at the trump campaign, dont we now have enough evidence to look into the Clinton Campaign . Yeah, but even so, im kind of against having an investigation. Look, Hillary Clinton lost. Shes never coming back. Thats quite a lot of punishment ap i think it would be a bad precedent for u. S. President s to start prosecuting the losers in elections. You know, thats what they do in third world dictatorships. David i can understand, but bill, at the same time, we as a country believe or at least the politicians do, its important to find out what russia did to try to influence the election. Its clear, one thing they did was working with the dncs fusion gps group, they put together this trump dossier, got a lot of russians involved with that and they were trying to dump on donald trump, on the campaign of donald trump. That was part of what russia did. Well, for one thing, the uranium one pay to play scandal, scandalous as it might have been is ancient history and i think we have to give the clintons a pass on that one. But youre right that the putin fusion, fbi, dnc conspiracy is more recent, if it happened and there might be a grain of truth to it. Im kind of curious, what happened. David john, you talk about third world dictatorships. Third world dictatorships use agencies of the government like the fbi, for example, to try to get political opponents. Thats kind of scary stuff, isnt it . Well, it is, but i find all of this so embarrassing. The freest, richest, greatest nation on earth would elevate the ledge darely incompetent russians and presume that they, that they influenced a president ial campaign. That they were pulling the strings and changing the outcome of what happened in 2016. Why do we demain ourselves like this . President trump should pardon all the republicans, and pardon Hillary Clinton and move on from this embarrassing episode. David but, bruce, when you listen to jim jordan asking a question of the attorney general saying did the fbi actually pay for the at least part of the trump dossier. Its a good question. We dont know the answer, but wouldnt you like to know . Well, i think that well, a couple of days later, jordan sounded kind of like a partisan hack in his statement. I would say a couple of days later, the cofounder of fusion gps said they didnt pay sources. And by the way. David fusion gps in the past has done some theyre smear merchants, essentially. They tried to smear a dead russian killed in prison behalf of some people, very pro trump excuse me, very pro putin. So, the fact that they said something doesnt necessarily make it true. Okay, lets put it this way. We dont know where mueller is going to go with this investigation. We dont know that hes not going to look into all of this. We know that the Senate Intelligence committee is looking at the dossier, theyll look at sourcing. You know, you look back at the ken starr investigation of clinton, that started with the land deal and ended up that, you know, we found out that bill clinton was cheating on his wife and got impeached for it. I dont know why the dems get a pass. Hillary clinton was big on getting rid of the Electoral College when she lost. Also underneath the Clinton Foundation sits a turnstile, a cash machine, sits a secretary of state making decisions. I think we have to get at that, too. David rich, you know, the history of the clintons, whether they were in arkansas or on their way to the white house with bill clinton or trying to get to the white house with hillary, theres a huge amount of money involved. They get it from all different sources. Arent you a little bit interested in a congressional inquiry into whether any of that money was misused in the campaign, particularly if they were working with the russians . Im interested in finding out the truth and i think thats a great job for journalists and media organizations to try to get at. Do i want government to spend time and money pursuing this . I dont think so. I think the main thing, weve got to get back to the sustained rate of 3 gdp growth, weve got two quarters in a row encouraging and lets put a reasoningful tax reform under that and have a go and make sure, you know, that we are are safe abroad. Thats the main show. Everything else is a side show. David money and safety, i can get behind money and safety, but i do want to know what happened with the russians and dnc. Cashin in gang getting ready to roll at the bottom of the hour. Melissa, what do you have . David, good to see you. So, is the Mainstream Media seeking to downplay President Trumps asia trip. Hes touting 300 billion bucks in new trade deals and jobs. And the press is barely touching it. Were all over it. In the middle of the anthem mess, nfl commish is looking to score big with a 50 million contract, is he worth it . Thats, melissa, my wonderful coanchor. Up first, what does a shooting at Los Angeles International airport 15 years ago have to do with a truck attack, a deadly one in new york city just a few week its easy to think that all Money Managers are pretty much the same. But while some push High Commission investment products, Fisher Investments avoids them. Some advisers have hidden and layered fees. Fisher investments never does. 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Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Well, wasnt just the new york terrorist suspect that came through the Visa Lottery Program. The Trump Administration says at least four other foreign nationals with suspected ties to terror came through the Visa Lottery Program as well. Rich, is this more proof that the visa lottery system needs to be scrapped . Oh, the visa lottery system makes a mockery out of a serious subject. We should have an immigration policy that brings in Skilled Labor as possible and unSkilled Labor doing work that americans clearly said they dont want to do. We should be strategic who we let into this country. David bruce, what do you think . Well, im going to agree with rich a little bit here and say, here is the deal. If donald wants to blame anybody for this, he can blame the Republican House of representatives because a meritbased system was in the bipartisan Immigration Reform that the senate with marco rubio and the republicans and Chuck Schumer and the democrats, that was their, their deal. They had this, they were going to get rid of this in this legislation and it died in paul ryans hands. David well, emack, our safety is more important than the blame game, dont you think . Yes, this is such fisher price immigration policy. It makes no sense to use a lottery. We dont use a lottery to hire people. We dont use a lottery in the College Admission level to take people in. Rich is right, we should have a meritbased system. David john, what do you think . Why would we allow the federal government to control who comes in in terms of human capital. We would recoil if the government presumed to say how many computers and what kind, how many cars and what kind, yet the most important source of Economic Growth as possible, human beings, we allow these people who comes in and out of this, get the federal government out of it. David but, bill, its a gift fob a u. S. Citizen, to be allowed to live and work here and hopefully for them to become a citizen. The president keeps talking about this meritbased system as opposed to the diversity system, kind of an open lottery. Wouldnt it be better to get people who have certain skills that we know would help our economy . You bet, david. We should have a merit system. A point scale with points awarded for being willing to work really, really hard or having advanced degrees and under my points system, people from mexico and china would get high scores. And rich, we know that this meritbased system works in other countries, weve seen it in australia and elsewhere. Yeah, and canada. By the way, donald trump,

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