Transcripts For FBC Cavuto On Business 20130818 : comparemel

Transcripts For FBC Cavuto On Business 20130818

Did you hear that . Good buy health insurance, hello governmentrun health care. Dont say i didnt warn you. When i was covering the debate on the hill this was ultimately the goal anyway. Even though some democrats expressed disappointment that we didnt end getting a single payer system it was a trojan horse deal ultimately leading to that. Enough about me. Back to my panelists who want to congratulate me. By the way they were also in on this themselves and their smarty pants in their own right, they saw a lot of this coming. Take a look. Ultimately, thats the game plan. To say single payer system. Thats going to be a disaster. With the public plan, what its going to do is increase costs for people who still have private insurance. All right. Charles payne and daeguan mcdowell and charles. Charles, you were saying the signals were there and now were getting confirmation. Now were getting confirmation. Its going to be a painful confirmation process because ultimately when this happens we were talking about pushing out the private sector talking about our worst nightmares with respect to this stuff. The prices are going to go up the quality will go down, innovation will be thrown out the window. I dont when people dis the private sector, they need to understand where we are as a nation, where weve come from. Its because of the profit motivation, in my mind were healthy than we ever are. People say people live in longer. Were fat and happy. By the way, the word is calorically challenged. If you were a conspiracy theorist, you would believe obama care was written that way to be so unwieldy, to make it so you cant implement it, people will haith it so much that you end up going to a single payer system where a democrat like harry reid can point to medicare and say, hey, thats what we need. We need medicare for all. Thats what youverom other democrats in congress. Maybe that happens. But theres so many people fighting the idea of a single payer system. It flies in the face of everything we believe in. If you get fed up with your insurance premiums, who knows it tter than back in your home state of florida, going up in some cases doubling you might run away from that private insurance happily, right . In the long run, single payer will kill. Remember, the definition of single payer is they run the purse strings. They in and out the money. Thats what people care about. These are the people that created 17 trillion in debt. Medicare medicaid, social security, and you said it most, there is no profit motive when government runs it. Its going to blow up. We know the health care bill. Theyve had to cancel things, postpone things. The price is double what it originally was. Taxpayer, youre dead. You know, adam i dont think anyone is ever that cleaver and devious but you could argue that you know having 30 million who are not insured, suddenly insured, those with preexisting conditions get insured. Kids stay on your policy until theyre 80 or whatever it is. Im joking. Its 26. You know the math and know premiums go way up and know people would get annoyed by that and you would know that would push them into the very thing you wanted all along, wouldnt you . Well its an interesting conspiracy theory, neil. Ill tweak it a little bit. Ill say, there was no secret that a large segment of the Democratic Party or some segment i shouldnt say large. I dont know how large was in favor of a single payer plan. For good reason. Charles made a very good point. It gets down to values and what you believe in. Ill offer you an example. We have a single payer military in this country. We decided really the government should pay for all of it because we want our country defended well. Not sort of. Not most people defended, but everybody defended. Thats what people who favor a Single Payer Health plan favor. Everybody getting medical care in this country. But i dont think that the that harry reid tipped his hand. He tipped his hand a long time ago. Number one, everybody already gets medical care in this country, you can go to a hospital and get that very thing. The thing people disagree with is the government making all of their Health Care Decisions in assets where you wind up with a financially unstable untenable Health Care System and then the government will end up having to ration care. Theres no two ways about it. You make a good point is that people can go to the hospital and get care. Were all agreed that that has worked terribly. That doesnt give people the sort of, you know Preventive Care they need. Its extremely expensive. And i just want to say, as ive said many times, insurance equals rationing. All insurance companies, mine, yours, they all ration to an extent. They say, no, you cant get that procedure. Yes, you can get this procedure. Well only by the way, just one guy doing it. Thats the way it works. One entity doing it. When its just the government doing it there goes choice. Ill leave aside the military health care analogy branches of the military. They have a track record that seems to be fairly successful. The government on other matters, i dont know so much. Gary where are we going, polls showing most people dont like the direction were going in we upended the system where 90 of americans were happy to cover the 10 who now, even now, arent eager to sign up for this. For what . Ill give you one number. Where are we going . Depends on 2014. The elections will be very important if the democrats get the house, theyre going to be able to push this forward much quicker . Youll never the get this president to sign off on signing off right. But they can at least fight it in a way. I dont know what way but at leastight it. My problem is the dollars with this. I would not trust harry reid to run my kids Lemonade Stand but yet were entrusting these people actually lemons, i might see the guy he would do a good job taxing it. His is a big part of the economy and all of a sudden theyre going to run it, run it well, profitably and carefully . Thats not a fair statement. Hes a legislator. Hes not an administrator. But hes overseng the guys who will and implementing the programs and his buddies no more so than before. Fair enough. I guess what im getting at we have a monstrous system thats left the train system. Democrats argue you cant bring that train back. We know the train is significantly delayed if not close to getting derailed. Where is this going . To your point the president s not going to probably do anything despite the fact there will be a big push to delay it defund it. But i think so you think that effort is a waste of time . I dont think its a waste of time but i dont think it will be successful initially. I think you have to keep the drums going. Would you shut down the government would you attach that to continued resolution . Yes. I would but im not running for reelection anywhere. Would you . Neither is the president. Thats a tall order isnt it though . My thought, it would be very, very bad. One thing i wanted to point out, you want to see what our national Health Care System would look like if it was single payer . Look at new york city. Michael bloomberg is concerned about what we eat in this city, how large the sodas are, the calorie content, the like. Its because the city has a cityrun hospital system. They are the they bear the burden of Higher Health care costs so theyre trying to force and change behavior on the people of new york city for that very reason. So that its just beginning of rationing. Its the kind of thing you will see in a much bigger scenario. I hope things change because they need to change. I hope smart people figure out businesses are not going to hire that next person because of the mandates on how many people are hired. All i know is things that have been delayed are the things that are going to pay for this. The things that have been frontloaded and are going on as usual are all the goodies. The things that have been delayed have all been for big businesses. Insurance Companies Benefit big businesses benefit, people that watch the show they dont. Theyll pay the penalty right out of the gate. Thats just another r flag. That is digging a deeper financial dip. Hope springs eternal. I love adam dearly. When we come back, why areg. Im jamie colby. Keep it right here on fox. Back to cavuto on business. You know the score, right, hundreds dead thousands injured and were still giving egypt money, a lot of money. Even the New York Times demand president obama stop sending military aid to cairo. The president postponed military exercises scheduled next month. I think its time. This money is to buy influence. I dont think we have any influence anymore. Even the last couple of days chuck hagel has been trying to call the general there the defense secretary. And wouldnt even take his calls. Its about time. Its not just egypt. We give a billion and half to pakistan, libya. We can keep some here do it good for this country than give it to people that dont even like it. I cant believe im saying it the New York Times editorial said every time you give egypt money they think youre encouraging this behave. Why dont we just stand back . If you do stand back does it encourage, embolden the Muslim Brotherhood even more . You have to decide, who is your friend . Youre taking your bets on the military guys . If you cut off contact, pull out money from egypt, do you lose the channel i would risk losing contact with them. I mean, does it heighten the chance of a civil war potentially . Why do i care . Because you get this why am i paying and contributing to whatever the outcome is . I dont even know if egypt its blown up. It could get worse. It could i wonder if the money we put in it with all respect indeference to dagen, compounds the problem. We dont even know who were giving ney to. Weve embolden a static situation. Thking maker out there, they keep getting money from us. I think we pull away the punch bowl and they have to take action. They have to earn this money. They have to do the steps make the performance, create a real democracy or something akin to it before we can keep giving them money. We played this game too long. The time is right. Adam all i know is that weve given money to mubarak and the military support before. Then essentially the Muslim Brotherhood, briefly in power. Now to the military kicking the brotherhood out. I dont know. I mean, to the world and to egyptians in particular, its clear americas trying to hedge its bets and find friends with everyone. We have our flags burned and spit on. No one likes us. Well, lets be clear. This is not about us being loved or supporting democracy in egypt. We would like both of those things but thats not what its about. Its about supporting security and stability theres no stability. Nothings working. Well, there is, though neil tos extent our ally, israel wants a partner in egypt to work with and, for better or worse largely for worse, it happens to be the egyptian military. I understand that. But ill get back to what i got with dagen, then who are you giving the money to . So far weve been giving it to the military. I think the keyword in that New York Times editorial that i agree with is suspend. We should say, guess what youre in the penalty box, no more money until we feel we can give it to you again. Dont you think that people use that, adam, think about that. Its a point i want to raise with u, gary, what is america saying withhold the money until they do what . Like the old days countries would say, unless you are for israels right to exist were not going to give you a penny. One after another they said, okay, well let israel exist. We hate their guts. Well let them exist. We dont mean it but thats a guarantee to get americas money. They play us like a fiddle and we play the tune. You give them money, they act nice for a couple weeks and then back doing the same thing. This is a big problem. Have you to at least use it have you to threaten them to try doing the right thing. Stop the military killing people. That would be the first proviso. You would say, stop killing. Good beginning. Good beginning. Bigger point, where is this money going anyhow . Who gets it . Over so many decades, dictators take the money, they dont flourish it on the money they build palaces and castles. When we talk about pulling the money out, though, you assume that that vacuum would be filled with greater diplomacy and greater leadership in this country. Well, we havent had that with the money, so why is that going to improve if the money if we dont give them money, were not compounding it. I know, dagen, we cant buy anyones love but i dont want to put a deposit on their hate. We get a lot of hate. Where does this all go . Iont know because im having a hard time understanding the adminisations policies any administration. I know. But im saying more recently a long history more recently, though who are we you brought it up with gary. Who are we backing . Phils like, okay were trying to be nice to everyone. My point is you can pull the money and thats an easy solution and its certainly a viable political one at this point. But then what, is the sghe. I think the point, the countries know us and we get used. To dagens point, you stop the money and then were rolling the dice that what . I dont know if you i think you stop it use it as a threat and then you are rolling the dice. Always have it out there. If you perform the way were looking, in a better way it will come back. Accountability. Cobbling together a real government thats real representative that with all respect, and this sounds crass, i think its like a huge solinndrum with guns, stop, stop. Theres no shooting war between israel and egypt and immediate neighbors. I know everything you said. I just dont see how contributing money one way or the other is helping. Well see. Remember all the warnings from the earth ending from the cuts of spending. Factchecking, findings a little more than eyepopping. Neil you know zombies are like adult kids living at home. But they just keep coming. In fact, the number of such kids moving back in with their mom and dad, well, now at a record high. When do you kick them out . According to the new study parents think that they should give their kids the heaveho five years after graduating from college. Charles, what do you think . We are talking almost 30 years old. Some of these kids are going to have kids. You know what i mean . You got to be kidding me. My son is 16. He will go to college soon. You can come back. Two stipulation, come back and start a business or you need to settle down and look for a job im not coming in, you are watching music videos and tell me i emailed out 100 rez mace today. Were not going to play that game for five years, my man. Anybody out there who thinks five years is a good period of time, you are not doing anybody a favor. Neil if hes watching fox business, fox news thats okay. He is hping out. Paying the bills indirectly. Im bias. My son aaron graduated college, just left. Hes in new york city. Thats why im here. I miss him. He can stay for the rest of my life for all i care. Youre weak. Thats okay. A lot of people are going back because of necessity. There is a lack of jobs out there. Neil even if they work jobs arent that great. Money issues. If the jobs arent that great, they can still get one and still work. You pull yourself up by the bootstraps. If you want to live at home with your parents after you have been in college, something is wrong with the kids. I wanted to get the hell out as soon as i could. I was dying to get out of my parents house. I was willing to do anything. Neil they might be watching. They know. Theyre glad im not there. My dad looked at me and said honey, i dont know anybody who can get you a job. Have at it. Go forth. Neil anybody who travels the world, go to italy or where a lot of the whole generations live with one another. You could argue its the way ofhe world. That were different here. What do you make of that . Im biased. I moved out two weeks after graduation. I was proud of that. I dont want to judge the kids. They have debt and what not. Neil dont want to judge these kids. Oh, please. Full of compassion. Lets judge. Neil lovely. I want to thank daigen. In the meantime did any of you see when the markets were tumbng on thursday. One stock in particular was jumping. The reason why theyn c cpcpcpc÷noxmhmhyhyhyhyhyiyiw]v4 . . . . . . n . n . n . ÷ . ÷y neil call it a billionaire bump. Apple and jc penney seeing oneday pop after millionaire investors said they were buying the stock. Who is next . Charles . Sager looks fantastic. I would not be surprised if a billionaire thinks he can do run it better. Microsoft, they are coming out with tablets that arent selling. Somebody will look at it as undervalued. Neil rich dude who thinks i can out due rich dudes who run it. Adam . Similar is intel. Nowhere. Very sol company but not growing. A billionaire could come and say here are ways to grow. Give me the money back. Neil quickly adam as apple author. Have you seen the movie on steve jobs . I did. I thought it was terrible. Neil there you go. Adam is going to review reviews. David asman, forbes on fox next. David remember these scary headlines mandatory budget cuts are risky for the u. S. Economy. A threat to jobs. On and on. Maybe not. All the warnings that we heard about widespread furloughs not really materializing. Get this the federal deficit is actually slinking. So is this proof its time for even more cuts . Maybe more sequesters . Hi everybody. Im david asman. Welcome to forbes on fox. Lets go in focus with the man himself, Steve Forbes John candy elizabeth mcdonald. Emac, more cuts . Biggest squawkers found way to stop the furlough

© 2025 Vimarsana