Transcripts For FBC Cavuto 20140301 : comparemela.com

FBC Cavuto March 1, 2014

Talk show host. I like the latter. I think really a of, more than likes the idea. He has a point. Heaid we shou widen the job search for who sits in the white house to folks who, well, could buy the white house. Folks like bill gates, maybe even oprah. Why not to his point at least think of people outside the obvious . Not as if we could do worse. Take look around. We already are. Tonight going long with the maverick temporary shored and patience is running thin. He wants to shake up the nation once again. Its a pleasure to have you. Thank you for cing. Thank you. Neil i love the idea. I think its brilliant. I dont know why it should be such a surprising idea. I dont know why either. Because so many people are turned off the two parties. Half the people dont bother going to theresidential election. Theres a lot of cynicism. It leaves the washington bubble unpretushed. We need to injection new idea, new background, new agenda. And lets face it in, the next couple of years its going take people of a lot of money. Megabillionaires or billionaires to get on the ballot to basically though the new idea based on the experience before the American People to give them more voices annoys voices. We have the whole list of the 120, iproposed on the website nadeer. Com. You threw ted gates in there and steve steve case and go on to take a look at the others. Your argument by and large, if they know something about succeeding and money then maybe heyre just the folks to deal with washington and money. Yeah. The three criteria do these multibillionaires have enlightened background, hae they given money to charity, or groups like doctors without borders. Have they taken a stand on a controversial issue. It doesnt mean i gree with them or disagree. The main thing to use the great First Amendment of free speech to blow open the tight twoparterre any is unworthy of the American People. Neil when you ran for president. A lot of people said we dont think we should be running for president. Why shouldnt he run for president . Hes a smart guy. You might not agree with the politics why excluding it. Hes not a senator or congressman. Theres a lot. When you talk about the billionaires and those who have a lot maybe taken a stab at politics or the white house. Im reminding what you said about romney wn he was running for president. You might remember this. He should be called myth roulette romney. Thats another good one. So far to the right of reagan. So for a to the right of nixon. And so are the republicans in congress. Were dealing with a rogue republican party. Neil your criticism of romney wasnt that what he was. Too rich on the right. Youre not you say want only leftleaning billionaire. I want a competitive democrat like a competitive economy. Thats what we want. If were serious boutit. Well say the country has a lot of problem it is doesnt deserve. A lot of solutions on the shelf that doesnt apply in one area after another. Were at gridlock. Indian what youre saying. But youre politically choosing who like. We show the coke brothers but you said earlier you were opening expanding the petri dish but only the billionaires you like. I disagree with a lot of bill gates. Hes on the list. Miller. I want to say selection. There are plenty others. The main thing is to brak up the closedoor in washington. You have everything scripted like a coronation for hillary clinton. No compeition. Its crazy. What do you think of Hillary Clinn would you back or fed up with the twoparty system. We dont need another eight years with the clintons. We need fresh voices, focused on results. Including someone open to raising can taxes. Cutting taxes. What would ralph want to se . All opinions in the arena. Let them compete. Nothing off the table. I put 18 areas on peoples minds that were taken off the table in 2008. And i still have them on the website. These areissues on peoples minds. They were taken off the table youre dead right about th. Both parties drop the ball on the big issue. Let me ask you about what i hear from business guys on left nd the right about why they dont try politics. They said it is not orth the media scrutiny or tearing down you experience that for yourself running for president. In th pulic spotlight. You are doing what you do. I can understand why the hell with it. Most of them will. Chael could buy the white house. Its smaller than his house. Thats true. They dont have to dial for dollars. They dont to be ad hoc to commercial interest. They run for the conscience. And most of them are pretty narcissistic. And dont care. All you ed is a few enlightened ones. I call it we always take from the same pool. The same people. And expect different results. Really a of. A pleasure. Be well this weekend. Thank you. When did it knowit . Forget abouthe politicians suddenly now demanding answers. I ant you to meet dad whose daughter is dead and wants to daughter is dead and wants to ask my dad has aor afib. Brillation, he has the most common kind. Its not caused by a heart valve problem. Dad, it says your afib puts you at 5 times greater risk of a stroke. Thats why i takmy warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . Was proven superior to warfarin at reducing the risk of stroke. And unlike warfarin, with no regular blood tests or dietary restrictions. Hethanks for calling my doctor. Sure. Pradaxa is not for people with artificial heart valves. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stre. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you have abnormal bleeding or have had a heartvalve. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell your doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing e risk of stroke with pradaxa. Coach calls her a team player. Shes kind of special. She makes the whole team better. Hes the kind of player thatuts the puck, horsehide, bullet. Right where it needs to be. Coach calls it logistics. Hes a great passer. Dependable. A winning team has to have one. Somebody you can count on. Somebody like my dad. This is my dad. Somebody like my mom. My grandfather. Im very pround of him. Her. Them. Anbe a name and not a number . Tor scotad ron im never alone with scottrade. I can always call or stop my local office. Theyre nearby and ready to help. So when i have questions, i can talk to someone who knows exactly how i trade. Because i dont trlike everybody. I trade like me. Thats why im with scottrade. Announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Serious ignition switch problems in some carsrs in the better pat of the decade and said nothing for the did nothing. This much is not. 13 people are dead and more than a million vehicles have been recalled thus far as a result of a malfunction that effective shut own Vehicle Safety systems including air bags. To a man who knows too well. Ken. His daughter, brooke, ws killed in a crash linked to the ignition switch defect back n 2010. He and his lawyer lance cooper are suing gm and hope to get answers now. Both gentlemen join me from atlanta. My condolence, ken, to your loss. I cannot imagine as it goe against the grind of life. Our children are supposed to bury us. Not the other way around. But was this defect the reason your daughter died . Undoubtedly. It was found even before the 2005 model that my daughter bought. For some reason they decided not to disclose the matter, and he bought a a new model in 2005, and in 2010 the ignition cut off on her. She had an accident, which killed her. Neil i dont want to reliveethe horrible history. If youllic dulling me. The ignition cuts off. It means he engine effectively cuts off. It means also the air bag cannot be released beause the Safety System goes down. It went she went head o in to someone ad tats what happened; right . Unfortunately, went across two lane of traffic, tboned by another car, she lost braking, all steering and went down to a ditch full of water after that. I understand from the doctor at the hospital that her neck was broken in the side crash. In the 1 people gm disclosed she wasnt included because it was no a headon collision. Thats what i was going to raise with your attorney. They ae distinguished between those involved and the headon crash and those not. As in kens daughters. But 02 saying that if you include off uch events the are i count of those killed goes up presip usely. Absolutely. Explain, lance, what your track will be. Well, gm is actually settled the claim. We continue to pusue our investigation to make sure that nitsa pursue their investigation to get what gm knew and when. If they didnt rely it and that was the initial argument at the time that even government didnt know because the company sharing this. Where does it put the investigatio they had a duty to disclose it within five days. They should have disclosed it in 2005 when the chief programming engineer who had a similar incident they knew about the defect. They determined the ignition switch was defective in for of 2005. They never should have put the car on the road and should have informed themof the problem and fixed it. We wouldnt be here today. As ken said there are likely more numerous fatalities. They have been had included brookes accident. I taked to one analyst yesterday who said it is easy to make it look obvious after the fact there are reports or sporadic the study show problem in the this case the ignition situation and others. Do you believe they knew that . No, idont believe it. Ibelieve they already had indications if there were problems with the switch before that. And didnt indicate that. Well watch where it goes. Lance, as wel. Thank you, both, for coming. Thank you. Thank you, neil. All right. To former transportation sector how a company could iterally keep it under the hood for so long. Secretary, it isnt automatic lividded to government; right . The company could keep this to itself or is there procedure . What is the procedure . ways that nitsa the Safety Organization at d. O. T. That looks in to these matters with the Safety Organization when i was there where we called toyota and made sure their cas were saf we dd it with gm when it came to the volt and the batteries were catching fire. We required them to fix it. So people can complain to nits they can file a complaint online. Or the car company has to disclose it. Those are the only two ways. Neil do we kno, secretary, whether gm had relayed it r people were working through to get the word back to gm to get the word back. Was it well, everythig i read didnt look like they knew about it. Which means they didnt disclose it. Nobody complained about it. Sometimes they read about them and oens an investigation. Neil how does it start, secretary. Let say there are a series of incidents or accidents short of the peop involved or their loved ones getting in touchof them or their lawyer. Thats about the only way theyre going find out if the company isnt saying anything; right . Thats right. Somebody has to file a complaint. Somebody has to go online. Somebody has to calledline and say my car is not working right. My ignition is not working properly. How does the toyota stuff get to you . It really came as a result of the accident in san diego wher three people were killed. And thats when we opened the investigation. Neil and that we had tape and that made it more powerful. Thats right. We did a second investigation where they didnt disclose information. We fined them again. It came through a complaint that was filed b individual citizens. Do you think its a cynical question, forgive me. Given what gm was dealing with some years back with the buyut and the rescue, that maybe if we would have gotten the rescue. I think when i look back on the four and a half years i was secretary. We took these thins very seriously. People criticized us for, you know, trying to take on tow you that or trying to, you know, impinge toyotas reputation. But going to toyota and maybe going soft. I know, the vote. I remember that very well. Maybe there was a sort of standoffish deal with gm because there was a heap of problems already. Not a all. We went after chrysler when they had the gas tank on the jeep improperly u installed with went aftegm when the volts batteries were catching fire. [inaudible conversations] let me ask your own thouhts how it can take a en years to fess up. Unprofessionalism. Something is not rit. Very deep, very deep. Find out what happened. And then make people pay monetarily and otherwise. Follow the law. Follow the information. This will be investigat for thoroughly. The woman who run gm ran the division that oversaw this car and series of cars. If there is a link she bougt something. Should she go . Well that leave up see what the investigation says and look theres a board of directors that runs gm. One priority for all car companies. And nobody wants the reputation tarnished. Anso lets se where the investigion goes. Secretary, thank you. Good sighing you again. Thank you, neil. Coming up. How the next world war could, couud be ightwithoutfiring a shot. I think i already pay enough. I dont want to pay anymore. At the end of the show im answering a lot of your questions and concerns. You can ask me what is in the deal. By emailing. Keep it to a minimum. Some get a little too personal. The camera adds 50 pounds. [laughter] meanwhile, new chair janet yellen a breath of fresh air. Federal reserve simply doesn hae authority to supervisor or regulate bitcoin. Neil thats right. But unusual will someone in washington saying not our job that the fed doesnt have the authority whicis making you a lot of you think have the authority to step in and regulate verything else. 90 of what they regulate. Another from ben who write it was a hint, hint to obama to sign an executive order to give them the authority to regulate bitcoin. We dont know for sure. But we know a lot of you are green. We call it [inaudible] theres a limit to what i can do. Look what the fed does. They are supposed to regulate banks and regulate the amount of money and circulation. They did lousy job with the banks in 2008. In termf regulating the amount of its great for wall street. Artificially low interest rates. Main streters havent done so well particularly in the job situation and folks like me saving their money arent willing to gamble as much. You look very good. 88 years old 84. 84. Marvelous. You know what im saying. What they do regulate. They seem to regulate poorly. Why give bitcoin . Right. You dont want to add to the responsibility. More government rules gone wrong. The federal holding calling the Lunch Program for schools disassous. Find out a 150 schools are saying kids are going hungry because the small portions. Thats one way to fight obesity. Make them not eat so they starve. Its getting you a lot of ou mad. From roland who writes my ildren cant stand the cafeteria food. The way it tases anymore. We pack our own launches now. Another from adam who writes maybe the lids could tax kids for not buying something they dont want. Finally, this from beth 73. This is what happened in a tweet thats what they do. They just put a code. Anyway forne the lunches are more expensive. Two the food is gross. Long no loger have to deal with it. Hash tash thankful. They were meant to be controed by the local communities. Control by the mothers and fathers. When the feds came in saying first the teachers got unioniz then feds came n with department of education. It sounds great. What it means is the rules start coming from washington not the local community. Concerning school aids. I used to ab teacher. I hated deal with the school boards. They were slave of the federal Government International aiorted to get the money coming from the fed. They h to do with the feds told them. Even if it dint work. Whether involved in teaching aids or now the i dont want to i dont know bt something is happening. They are look. Okay indian obity. I dont want them saying youre agait it. I understand its a problem. Beg too thin is also a problem. Tell me about it. [laughter] if yoo dont like what youre mandatedo eat what you have to eat according to the federal rules. Because theyre not eating it. [inaudible conversations] some schools have actually mandated they bring i chips so they get a [inaudible] thats my place. Its ridiculous. Ring ing junior high. Local communities control the situation better than the feds. Well, said, my friend. A thin, fit, 88yearold david 88. [laughter] forget whether cutting so preworld war ii level is good for the next. F i told you wereg up for a far more ominous one. The next war. A cyber war. A war for which wereoutmanned, outspent, and get a load of this. Out of time. Ok, heres the way the system works. Lets say you pay your guy around 2 percent to manage your money. Thats not much, you think except its 2 rcent every year. Does that make a dference . Search cost of Financial Advisors ouch over time it really adds up. Then go to e trade and findut how much our advice costs. Over tispoiler alert. Dds up. Its low. Really . Yes, really. E trade offers investmen advice and guidance from dedicated professional financial consultants. Its guidan on your terms not ours thats how our system works. E trade. Less for us, more for you. See whats new at projectluna. Com attacks growing. Attacks against wall street and around the world hit disruptive attacks. e should protect the networks than we have them protected toda we have to be prepared for that as a nation. Neil scary stuff. That is the head of u. S. Cyber command saying it is not if an attack is coming it is when and when it comes we wont be ready. This during the time our Defense Budget is being cut to preworld war ii levels. At least the troop commitment. Homeland security expert thinks the terrorism is no longer our biggest immediate threat. That cyber warfare is. They are joined at the same dangerous hip . Yes, they are. Connection between the cyberattack and fiscal attack. You shut out the lights and bring the attack to the streets of america. Neil but what could, help me re. What is considered cyber . What is cyber area . Anything that that uses computerize system. Refer to scata, supervisory control and data access. We control all the big things from power plants to dams, spillways, through the use of a computer. We send out a radio signal and tell them what to do. The conc

© 2025 Vimarsana