Transcripts For FBC Cavuto 20140731 : comparemela.com

FBC Cavuto July 31, 2014

The white house is seriously considering granting amnesty for up to 6 million illegals who are already here. Only talk. But someone launched this trial balloons, so why . Some say that the white house is just trying to rile up republicans and get them back to that impeachment talk the democrats argue has proven such a great fundraising tool. Thats hard to say. This much is not. Those tens of thousands of socalled kids, many of whom are frankly older than kids, well, theyre here, and theyre not going anywhere any time soon. Weve already told but plans to process each and every one of them including enrolling them for schools this fall. Whether communities can handle the burden or expense. The tweets and the texts and the emails have not stopped and our editors are trying to clean up some of their salty language, theyve not stopped either. Keep them coming. We want to hear from you, we clearly see the illegal immigration is infuriating you. Keep telling us, tweeting us at hashtag cavuto. First to steve forbes who eerily predicted all of this, and here we be. If the president after labor day, limits the number of deportations, or goes so far as to grant amnesty to millions, the executive order, how do you think thats going to go . What its going to do if he does it before the elections, its a electoral disaster. Whether you want Immigration Reform or not, people cant stand the sight of tens of thousands of young kids, nothing done about it, no emissaries sent to Central American countries trying to stop it. Whos organizing it . They see a border out of control, and that frightens people. Neil i saw the risk of that, too. And many who look in the Political Base and say this will help him with key groups. Your poll belies that. Neil exactly. Its one thing when people came across the border, here for years, you got a debate on that. When you have this ongoing now as we sit and speak, tens of thousands coming across, obviously, a lot of organization involved doing nothing to say, okay, were going to take them back, put them in a bus, be humane and start take them back, theres none of that. People are saying were encouraging it, tacitly encouraging it, its got them riled up. Its a huge increase in the numbers. One thing a couple of thousand, this has been increasing exponentially and in response to the white house. The most photooping loving president refuse to go to the border and say we got to do something. Hes saying im staying in charge of it, overlooking it, obviously, hes encouraging it. Neil he met with the leader of guatemala and el salvador for the latest batch of illegals to come to say its our fault. The honduran president says its our fault and unclear immigration laws, what do you think of that . People pass the buck along. The bottom line is you can have the photoops you want. If youre not seeing or telling the young people and telling their parents, were taking measures so were coming back. Well do it nicely, theyre starting to come back. Neil theyre emboldened by this. Theyre emboldened. Neil you are very good with money, and fear the communities tens of thousand of kids fanned out are going to have to suck up the cost of registers for school and classes. Were told that help is on the way but we shall see, in the meantime, by law they have to register and educate these kids . This infuriates people. The communities get these unexpectedly. Uncle sam says well help out, the taxpayers, and people are infuriated. You are encouraging it, and have you us pick up the tab. Thats a dereliction of duty. Neil some of the images, folks are from towns and cities a long way to the border in boston and detroit and on and on. To fox biz allstars joining us, Hadley Heath Manning and mark toronto. Mark, this gets out of control really, really fast. What im not clear on is how it got out of control so fast. The numbers, as steve said. 60 is a damning vote of no confidence in the president s ability to protect us and the borders. Key constituencies who feel hes well the them down on this. Theyre the ones that got us here. How did we get here in the activists in the base of the democratic party. Hes doing a calculated risk. Though the numbers show a lot of dissension, its the base with the president looking to activate for turnout this fall. Thats what this is all about. Neil that would boomerang if they are more offended than they are enthused . Based on experience in 2012, they want the hispanic caucus in the congress and a lot of the activists are getting the president. Neil to do it now. I agree with steve on this point. I believe it, i know behind the scenes meeting with the president to say whatever youre planning, dont do it before election day. There has been talk theyre going to announce the deportation thing to cool it on deportations after labor day or around labor day weekend, and they said that would not be good timing for us. How does it work . Help or hurt him . Well, the inaction is as much of a problem as the wrong action in this case, neil. We have a crisis at the border and it wraps up so many issues. Its a National Security issue, a issue of budgeting and money, an issue of fairness for the millions who have stood their wait in line to become american citizens. It raises a lot of questions, thats why 68 of people disa prove. Neil i wonder why the poll with hispanics on this issue and republicans are hurting their image. But if im doing everything right, the process to become a u. S. Citizen, i dont care where im from and someone cuts in line and gets a free pass or goes made and protests outside the white house and doesnt get so much as a summons, i dont know if im enamored of the party that espouses that . One of the key things here, and i wish the republicans would run with it is reform of immigration system. Those who play by the rules are punished. You face excruciating delays. There is no real rationale unless youre a member of a family. People bring skills in cant get in. If the republicans advocate it, make sure those are playing by the rules, get speedy and just treatment, that would be very popular thing. Neil the republicans tough stance now in your eyes, hurt republicans . No. On the border issue, with these kids, i think almost everyone is saying this is ridiculous, absolutely outrageous, and the republicans coupled it with lets not punish those playing by the rules, i think thats a winner. Neil okay, were going to take a quick break here. Another day, another scandal. This one though not involving the irs, this one not involving the va. Something called the Exportimport Bank. That makes peoples eyes glaze over. When i tell you whats going on there, and, you know, all of a sudden weve got problems. Darrell issa on the latest scandal you probably dont know, but youre going to want to learn about and fast. Unlimited cash back. Let that phrase sit with you for a second. Unlimited. As in, no limits on your hardearned cash back. As in no more dealing with those rotating categories. The quicksilver card from capital one. Unlimited 1. 5 cash back on everything you purchase, every day. Dont settle for anything less. Ill keep asking. Whats in your wallet . Neil well, democrats are not necessarily big fans of darrell issa, the House Oversight chair of pointing out corruption in abuse in favorite agencies. Now set sights on the Exportimport Bank. An organization that encourages Foreign Countries to buy from u. S. Companies, and now theres been indications of abuse and the California Republican is warring with conservatives and liberals. Conservatives are saying get rid of the Exportimport Bank and others saying no, no, go slow. Congressman you are in the middle of this mess. How big is the incident. 40 Million Dollars of corruption, payoffs and the like, people see that and say thats a bad bank, shut it down, you say what . Its the only one of its kind, since the 1930s it has promoted and encouraged and financed export American Products creating american jobs and american wealth. Its a pretty essential item to have, never controversial on renewing. But with four convictions, four people, three of whom have been dismissed that started almost a decade ago, the process of getting people who do wrong at xm bank is way too long. The id identified approximately 40 cases, how do we make it more transparent . How do we make sure corruption is rooted out quickly to have confidence in a bank that we rely on to promote exports. Neil do we need it that badly, congressman . Some of the numbers are china supports, its various companies, getting business from abroad to the tune of 115 billion dollars a year, all the European Companies and countries together, you know, provide a similar amount. And here we are, guests in the 27, 28 billion neck of the woods. Would it make that big a difference if it were not there . The bank is sustaining, were not look at taxpayer dollars being spent unless the bank is run poorly. Right now it is run from a fiscal standpoint fairly well. Lets look at europe versus the United States. They have airbus, we have boeing. Both of these Companies Compete in a world market where the financing package is part of the process, and the financing dollars are so great, it would reduce boeings ability to meet demand, particularly on the 787 dreamliner and others, if they didnt have a bank like xm. Do we need to maintain the bank . Yes. Is there a whole lot of cleaning up to do and shouldnt reauthorize for a long period of time without putting those in place . Absolutely. The American People are at risk if this bank is poorly run, if its properly run, it is a selfsustaining entity that costs the american taxpayer nothing. Neil that is the hope when you alluded to airbus, a european consortium, it has the muscle of a lot of European Countries behind it. Youre quite right. But there is this other view that if we need the propose of an agency like this at a time like this, then were hurting more than we think. Are you saying that with the scandals, with the abuse and the payoffs, and like i say 40 some odd instances of this activity, that its still worth it in the end . Do we get that much bang . Not for the taxpayer, but it does come back us to. Is it really worth it . Ive been an exporter and know what its like competing in countries where we dont bribe the other side does. We dont have deep pockets of a country backing us and have the financing of an xm bank, having the loan guaranty can make all the difference in offering a loan or not. Neil are you surprised . Im sorry, sir, you are surprised you have encountered more resistance on the right than far on the left on this particular scandal . Its not surprising. Its been one of the challenging that the xm banks and other agencies faced. Theyve been around a long time. Theyve done a certain amount of good, and everybody says havent they run their course. In a world market where other countries are providing a similar incentive for taking their products, it does make a difference that we have an equivalent and equivalent that our domestic banks are not always prepared to make. Can we make the bank work better . Make sure it doesnt risk taxpayer dollars . Absolutely. Should we end something thats promoting the sale of ge, boeing and thousands of smaller companies, and most people dont know the name of . Of course not. It is important. Remember, domestic jobs created by export is the greatest winwin we have as americans, importing products from other countries where the jobs are outside our country are part of our problem. Xm is part of the solution. I want to make sure it is open and honest and accountable. Right now it isnt. Neil always good seeing you, congressman. Be well. Thank you. Neil president obama as you know is upping the ante when it comes to trying to punish vladimir putin. The trouble with upping the ante is you have to get others to pony up as well. What if were leery against going too far against putin . What if a lot of u. S. Citizens dont want to play . After this. When folks think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. 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Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Neil president obamas right. This cant be a new cold war. Why . Because were doing a lot of business with russia. This is amazing. We did a little digging and actual u. S. Exports to russia have been going up, not down, even after we imposed sanctions. So this takes a look how these add up. Some say maybe russia is taking orders now, ahead of tougher sanctions. That makes sense. But can you see the trend for the time being. Back with our allstars. Mark, what do you make of this . Politics and the economy. The president is talking tough for the sake of politics, but he wants to do business with russia for the sake of our economy. Putin is benefitting because the president is talking tough. If you looked at sanctions the president announced yesterday. France is selling warships to russia. Germany is selling equipment. Neil i was surprised france makes warships. Exactly. This is the soft sanction policy of the president of the United States, where he talk tough and acting softly, and if you take a look at a worse example. Take a look at iran, where the administration is encouraging medical and Agricultural Companies to do business with iran when iran hasnt conceded anything yet under nuclear program. Neil sanctions generally have to work if the country is imposing them, or willing to endure a little pain themselves. Thats true. And in terms of the russians, theyve got a real weak point. That is the oligarchs. Hes done a little against the oligarchs. If you want to put the squeeze on, you hit the people around him. Neil freeze the assets . Freeze assets where, they are around the world. Neil taking their money out wherever theyre going to be. Theres no place to hide in this world today. Neil really . And we see with that french bank that we felt they were violating the iranian sanctions, we put a 10 billion fine on it. You put the squeeze on there. Neil then what . Then you take yukos, the Energy Company he destroyed because he didnt like the ceo, theres a 50 billion judgment that came down from the hague. Neil hes not going pay, that by the way . He wont pay it. You can attach assets around the world. There are a lot of things that hit hard. The russian stock market, the ruble itself has now come back to levels before any of this stuff hit the fan. I dont know what that says about russia and its power to sort of overcome, or the fact that either the world or the russian markets dont think this will amount to much. What do you think . Well, some people believe it wont amount to much, neil, but the fact that sales of American Goods to russia have increased 17 march through may is an indication that some russian buyers are thinking that the sanctions may be real. That in the future, they need to stockpile the goods. Neil the store might be closeing. Exactly. Thats the fear anyway. Neil i wonder if you are russia and know the people you are dealing with are nervous because they dont want hits on themselves, they are 20 times more exposed than wetor russia. They desperately need Russian Energy and a lot of other stuff. Post this plane crash, theyre not going to want to go too, too far. They dont understand it. There is no specificity, they dont have guidance from the federal government. Theyre not sure whether they are in jeopardy or not. Neil in violation of the law or not. None of these are grandfathered in. We need an Energy Policy to supplant russia as the natural gas supplier to europe. Neil and compensate for them the federal government is dragging its heels on approving natural gas liquefied facilities. Process has started. That starts to erode russias credibility. Neil stick around. Do any of you remember this particular promise . Americans buying comparable coverage to what they have today, i already said this, would see premiums fall by 1420 . 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