Transcripts For FBC Lou Dobbs Tonight 20130904 : comparemela

Times over the past year. We will be taking all of this up determining if the presiden pres trying to pass responsibility for his own ultimatums and threats to assad and his decision to authorize punishment with Foreign Affairs Committee Member who presbytery of States John Kerry o on the president s plan in a hearing held today. The syrian resolution passes the senate Foreign Affairs committee after members capitulated to the demands of senator john mccain. The senator joins us to assess the strike plan and the market rally finished just shy of triple digits, but it is the second rally in two days in the largest oneday point in percentage gain for the dow in a month. Offering her forecast for the rest of this year, but we begin tonight with the pitch against syria. Another attempt to distance himself from his own decision. The president today actually put the responsibility on the International Community. Here is mr. Obama earlier today in stockholm sweden. President obama i didnt set a redline. The world set a redline. My credibility is not on the line. International community that ability is on the line. And america and congress credibility is on the line. Do i hold out hope that he may change his position . On some of these issues . I am always helpful. Lou for his part president putin claimed russia does not exclude supporting a u. N. Resolution against syria did if they are provided with evidence that assad is guilty of using chemical weapons against his own people. All of this before calling secretary of state john kerry a liar for his denial of al qaeda involvement with the Syrian Opposition. Saying this was very unpleasant and surprising for me. We talked to them, we assume they are decent people, but he is lying and he knows he is lying. This is sad. Today making the u. S. Military sound like a mercenary during his testimony to the house Foreign Affairs committee. Listen to this. With respect to arab countries offering to bear cost and assess interest profoundly yes, they have. That offer is on the table. Lou the secretary of state later clarified that arab nations have offered to pay for a full invasion of syria without mentioning any specific country by name. While the president and his Cabinet Press in the call to attack syria, the Senate Foreign Relations Committee responded, they pass a resolution that moves the next vote to the full senate. And then the house will vote on whether to give the president pt authority to strike syria. Senator john mccain successfully lobbied to give the commandecommanderinchief morem to act and to intensify the attacks against syria to such an extent as to alter the momentum on the battlefield to degrade weapons of mass destruction and further support the Syrian Opposition forces. The Senate Resolution is long on politics but woefully short on details concerning our National Interest in syria. Fox news chief Congressional Correspondent has our report. The resolution authorizing force is in syria past 107 on the Senate Foreign Relations Committee after an amendment offered by john mccain was added saying a goal of u. S. Military intervention should be to bolster the Free Syrian Army. Degrading his capabilities, support for the Free Syrian Army and now changing the battlefield equation, which now gives us a package which is a policy which i think will send a message to assad. It would limit the duration of military action to 60 days with 1 30 day option requiring the menstruation to offer the report for opposition groups in syria and would strictly prohibit american boots on the ground. Top Obama Administration officials returned to capitol hill to make the case for the use of force in syria even after closeddoor sessions some lawmakers are still opposed. Entered in the United States and a secretary and civil war in syria is extraordinarily perilous and could well have the unintended effect of advancing the interest of the al qaeda terrorist. s interest is john kerry was taunted by protesters with symbolic blood on their hands. The world is wondering if United States of america is going to consent to silence. Reporter john kerry, the joint of chief were greeted by bipartisan skepticism including being asked if they trust the opposition in syria. Youre making decisions to going to war and put american lives at risk. So it is a simple concept. You either trust or do not trust. And if you do not trust, we dont call these people our allies or support. Congressman, every nation, every individual, every Group Response to their own selfinterest. Why arent allies offering a military response . You said the world is watching what we are doing. But i have yet to hear some concrete things of what the world is doing. What if the u. S. Is being dragged into a bigger war in the middle east. Had to make contingency plans for us being in escalated military operation in the region . In the spirit of your compliment on my conciseness, yes. He is not willing to predict lawmakers will authorize force. It will be one of the toughest votes in congress. Reporter recent polls show prompting calls here on capitol hill for the president to make the case from the oval office. Lou thank you very much. Our next guest hasnt been persuaded by the president nor to the argument irrespective of the concession. Here to discuss the hearing today, his reaction to the senate vote, member of the House Affairs committee. Great to have you with us. It was interesting, listening to him be concise, i would rather he be more expensive and the others perhaps before the committee be less so. Your reaction to todays hearing. My reaction today, it did not change my opinion. I see no need to get involved in a civil war in another country. Especially a muslim to muslim civil war. What happens when you have influence on that, changes the whole dynamics. This is a civil war that has gone on for three and half years. For us to intervene now when a chemical weapons have been reported to being used over 11 times in the last year and a half, my problem is why now and why us. Where is the rest of the world and this all goes back to the agreement that had been signed and ratified or revamped approximately three or four times since 1924. Any country that produces, transports, stores or sells chemical weapons were weapons of mass destruction are in violation, so that has been going on if you go back to the iraq war, 20 times since then and i question the motive of right now in america acting out on this. Lou in the frame of mind to say wait a minute to all of these folks, youre talking about the arabs paying for an American Invasion of syria, talking about no allies whatsoever in this, no authority from any one of the institutional organizations, nato, h netted nations, the arab league that would give at least at least some sort of authority to carry this out. Does it not eem to you for all the world woul we look like we e mercenaries here. We look like we are vigilante nation because we dont have color of law. I agree 100 with you. That was one of my questions. Were talking about attacking a sovereign nation that did not attack america. We are talking but it would be a Surgical Strike if we dropped bombs here or there. People will die from that. If another country did that to us, would we not view that as a military or active aggression, act of war . Resoundingly we would and we dont have the Constitutional Authority to attack another country for that reason. If it was a National Security threat, which i dont feel this is, a tremendously horrible thing that is happening over there, i would love for it to be brought to a diplomatic resolve. This is where our foreignpolicy i think has been a sku, has been off track. I see him or the last five years, followed the middle east, and what i have seen in the last five years, there is a state of confusion and many members said they were confused and ending the world is confused, our allies are confused and the American People are confused why were going into that. Lou you describe all that confusion, only one nation being asked to commit hostilities to conflict and that is the United States. I agree. Lou you describe it will be most nation on the planet. Look where that comes from. The president drawing a redline in august. Lou he flatout denied it. John kerry said there was a redline drawn the president said if they crossed it will change the dynamics. Today and yesterday we heard there was a redline drawn. In addition to that, this is not about the gym change. The confusion keeps coming and people wonder why the world is confused and what america is going to do. We need to lead by example, there are 189 countries that assigned the cwc resolution or agreement. I want snow or the other 188r. We need to demand that they come to the table and that we sit there on one side and we get president assad on the other side and have a peaceful resolution. Russia said if the results were conclusive, they would ask for a u. N. Resolution and sit down. If we can do that whether it is no reason to rush into this, Diplomatic Solutions are a better way for america to lead on Foreign Policy and redirection of our foreignpolicy especially in the middle east, it can be done with us diplomacy, not with bombs and guns. Lou we are delighted you are amongst those being cautious on the issues because this is not a time for people to rush to conflict. It is unseemly for the worlds big superpower it seems to me to ask because this is a nation, a small nation that we could attack and inflict damage with impunity just because we have the power and the technology to do so certainly does not warrant a smug response on our part and a disdain for the damage and the pain and the death that would result. I think back to what my dad said as kids growing up. Anybody can fight. It takes a man to deal with diplomacy and talk and work through a conflict like that. I think this is time for us to man up and do what is right. Lou however we want to describe it. We have had a fiveyear opportunity under this president to have built a solid and certainly a more cordial relationship with a great nation. Which would be very helpful in this particular chance and this particular moment, the chance for that of course is waning rapidly. Congressman, thank you for being here, we appreciate it. Much more on the president s press for military strikes against syria, we will be taking that up with author and columnist, Weekly Standard Senior Writer joining us next. A strong rally on wall street powered by ford, General Motors and chrysler. Charles schwab chief investment strategist with her outlook next. Any last requests mr. Baldwin . Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Lou on wall street a good day, stocks writing for the second straight session. The dow up 97 points. The nasdaq up 36 points. Volume on the big board up. Auto sales boosting investor enthusiasm. Major carmakers and in doubledigit gains. The highest level since october of 2007. Pretty good. A new study ranking the worlds most competitive economies, United States in fifth place. Actually that is an improvement. What had been four years of decline. Rounding out the top five, germany, finland, singapore and switzerland. Now we can walk around going we are number five. Maybe not. Join with her outlook on the economy, Charles Schwab chief investment strategist. Great to have you here. The market, we were watching this summer, it has been a disaster the month of august, now were tiptoeing into what looks like a better mood on wall street in september. What are your thoughts . I love you tv people. I would not call for correction a disaster. It was a pickup in volatility. Lou you regulated me the tv people . You wall street people are so i dont know, you stand against the current that submerges the correction. Such a valiant. I think the panic over 4 drop in the market is very natural. I think a four to 5 correction even approaching 10 probably in the cards. Sentiment had gotten little bit frothy into august hitting the alltime highs. Technicals had gotten a little bit overbought, so we were due for a bit of a pullback. By the way, i am unapologetic. Some of what you have been talking about with what is going on in syria with the fed meeting coming up, uncertainty with the next chair of the fed, sequestration, imitation of Affordable Care act. You stack all of these things up. If you are shortterm oriented you may want to keep the card close to the vest but im a big believer improved Global Competitiveness by the, we as an and an economy are in the seat. Lou one of the things i tire of his his business of running down this economy, running down the market. The market deserves a premium because they are our market. Those Walking Around with their multinational firms banks or brokerages have very secondary market at having to be in some large capitals around the world, that is just there farce. The fact is these markets are still the wron strongest in thed and i get tired of the parochial aspect they bring from a global perspective. Lets turn to our Federal Reserve, to be strong and sturdy and stalwart. They have not ascended to the level of sixth graders gossiping the hallways as they talk about tapering. Is it time for them to stop the nonsense, and what is your outlook and you are suspected outlook on what would be the result. I think, do believe it is time to rip the bandaid off. It is the right time to start to move toward normal Monetary Policy. It is nowhere near a point of tightening. What i hope the Federal Reserve does announcement tapering in a couple of weeks is to put it into context of the amount of treasuries being issued by treasury rates now, which has declined because the deficit has been falling. The deficit has plunged by more than half, now less than 4. 5 of gdp and that means of the fed were to continue purchasing at the same pace, they would be buying an even larger amount. They can have a basic discussion about this that might calm the fears that are not justified. Enough growth and strength the private sector of the economy that we can do this to Monetary Policy perspective. I think the economy has enough underlining strength to get through this. For equities again i think we might have a little bit of volatility for all of the a for mentioned forces, but i think the market from evaluation perspective still seems very reasonable. Whether it is individual investors or institutions on the pension side, the hedge fund does that are hogwild about this. We still have this wall of worry. Although it is not roaming is not necessarily a bad thing. Accelerating a bit. I think it is a pretty good environment. Lou up next, broken promises a big part of the president s five years in office. I will show you how libya may provide more broken promises and those consequences will not remain within the borders of syria. Next. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. No two people have the same financial goals. Pnc investments works with you to understand yours and helps plan for your retirement. Talk to a pnc investments Financial Advisor today. But with advair, im breathing better. So now i can help make this a great block party. 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