Transcripts For FBC Sunday Morning Futures With Maria Bartir

Transcripts For FBC Sunday Morning Futures With Maria Bartiromo 20140928

Republicancontrolled senate . Our panel will weigh in . And what is texas doing right . The Lone Star State adds tens on of thousands of new jobs every month. The president of the Dallas Federal Reserve is here live to share the secret. As we look ahead on sunday morning futures. Bombs raining down on oil fields and refineries as the fight against isis expands to the Turkish Border as uk Prime Minister David Cameron commits his nation to air strike necessary iraq, but not in syria, joining several other coalition european members. How is this coalition working . Congressman mike p on ompeo is a member of the house intelligence committee. He joins us now. Congressman, good to have you on the program. Good morning. Its good to be with you. Id love to talk, really, about three things. This International Coalition and why the divide . Lets start there, congressman. Id also like to get into these other terrorist groups were hearing so much about. Start us off with this divide. So the coalition is better than zero, but weve got a long way to go. Weve had Real Partners step forward nuia and folks who are serious about helping us step up. The coalition has to be expanded. Weve got challenges for folks who refuse to help us in syria. Weve got enormous challenges with our nato partner, turkey, refusing to do all that it needs to do. It has a huge obligation to stem the flow of radical terrorists into syria. Theres a lot more work to do to get all of the powers that have a vested interest in the destruction of these jihadist movements to Work Together to assist america in defeating them. Why are so many refusing to help us in syria . Everybody has their own reason. Every country has a reason to avoid it. America has good reason to be careful about what it does, as well. But the nature of this threat, the magnitude of this threat, not just to america, but certainly to the bordering states, whether thats jordan or turkey or iraq, these are countries that have to begin to help us tackle these islamists wherever we find them. Today, we find the most powerful force of the current time, isis, sitting inside of syria. We have to take them out where they are. We cannot allow them to grow or operate freely. Congressman pompeo, stabbnd. A lot to talk about with you. We want to look at this two fronts on the same war. Who is doing what. Fox news Senior Correspondent eric shawn with that angle. Good morning, everyone. More countries are stepping up, but critics say two key nations, turkey and qatar, have done far from enough. Translator it is against this group that france mobilized and was called to help by iraqi authorities. Also, the air operations, because there are no ground troops, these operations will continue as long as necessary. There are now 62 countries in this coalition, as varied as albania and dora as well as israel and moldova. But the variety of their contributions range from already launching attacks in iraq and syria to promises of humanitarian aid. Britain, belgium, denmark are the latest to offer the milligram military, but have yet to launch in the air strikes. So far, the u. S. , france, saudi arabia, jordan and bahrain have done that. The United Arab Emirates took their mission led by their famous fighter pilot. But qatar, which has supported and funded islamic radicals is backing is not backing the operation directly. And, of course, turkey, which is facing that imminent refugee problem and that crisis and has helped fund isis through the oil trade and the flow of foreign fighters. Turkey has been refused of doing its part despite promises by their president to the contrary. Of course, we will do our part. God willing, we will discuss it with our government. We will show our support in accordance with the decision that will be taken after those discussions. Will it include the military option . It includes everything, both military and political. So far, european nations have refused to attack syria, as marie ya addressed, not wanting to help the government of al assad. Which has not asked for the air strikes unlike iraq. That, though, could soon change as the new war, were told, is likely to last for years. Eric shawn, thank you for that. Now more with congressman mike pompeo. Mike, let me ask you about that. In terms of the air strikes, how would you characterize their success so far, whether it be in iraq or in anticipation of syria . You know, im glad that the president has finally taken action. I would characterize these strikes so far as too little and at least a couple of years behind schedule. These are attacks that are necessary. Theyve begun to take out some of the isiss capacity to regenerate well, whether that is wheat silos and refineries that are mobile. Those are good things, but those are tactics, maria. There needs to be a strategy developed around these strikes so that we can win, as news reported indicated, what is going to be a very strong struggle. These attacks are a necessary component, but theyre far from sufficient. Are there things we should be doing to stop the funding of isis . Clearly theyre selling a ul this oil on the black Market Making up to 3 million a day. How do we get our arms around that . Enormous economy has been developed inside of isis. Not only trading oil and crops, but getting money from outside from third party terrorist sympathizers, they also have drug trade, sort of like youd see in the mafia in the United States. Getting money any way they can. America has the capacity to shut this down. Most importantly, it will take a president who is committed to it. This president has been drug into this by kicking and screaming. Its not why he ran for office. But theyve declared war on america, so we have to use these financial tools. Everything thats in our arsenal to make sure that we can cut off their capacity and continue to grow, continue to arm, continue to pay folks to come and fight alongside them. If we do those things and continue this in the context of a strategy to defeat them and not simply run into a little road bump and back away, if we do that, well be successful in this battle. Let me ask you about the newly surfaced terror group, khorasan. How many other terrorist groups like this one are we not aware of . Was there an imminent threat to the United States which was the trigger for the air strikes within the last week and a half . Maria, there are scores of groups that have of the nature of ba is now being called khorasan. These are oldschool al qaeda warriors who have been fighting alongside osama bin laden, these are at the very core of the history of al qaeda. And isis is little more than an offshoot of that, but its now gaining strength. This is a continuous struggle. They will continue to try and build their forces until america steps in decisively and says, were prepared to do this for the long run. The imminentsy of the threat was real on america. I will tell you that that threat continues today. These folks want to attack not just in mosul and tikrit and falluja, but in places like omaha and wichita, kansas, that i represent. They are a serious threat to our nation and thats why its required that we get this right, we get a strategy thats right to defeat them. Is there anything we should be doing differently as it relates to the qatarrys and the turks to get them to understand and get on this coalition and be more helpful to the u. S. And its allies . Two things come to mind immediately. With respect to the turks, they are a nato member. They have committed to participating in challenges just like this one. So we need to make clear to them that nato membership comes with a burden and a responsibility. As for the qatarys, we need to make clear to them that our expectations are that they will cut this off, that they will see the cease cooperating with islamic radicalists. Congressman, good to have you on the program. Thanks so much for your insights. Thank you, maria. You have a good day. President obama securing a u. N. Resolution to address the growing threat of terrorism around the world. How does this play into the broad strategy for fighting groups like isis . Political activists and chess grand master gary casrov is with us to give us his strategic advice. Follow us on twitter. Send me a tweet right now and let me know what you would like to hear from Gary Casperov as we look ahead on sunday morning futures. 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[ garage door opening ] [ sighs ] honey, havent i asked you to please use the we dont have a reception entrance. [ male announcer ] ship a pak via Fedex Express saverĀ® for as low as 7. 50. Welcome back. President obama securing the unanimous approval of the u. N. Security council this last week to address the close growing threat posed by fighting terrorist around the world. The president telling member nations this measure, quote, must be matched and translate into action if its going to have any effect. So what should that broad strategy be at chess grand master gather casperov, chairman of the Human Rights Foundation is here with more on that. It was a good speech. He named names and he called putins actions aggressive and an invasion. He talked about the real threat posed by isis. But at the same time, i think he was fought very specific explaining why were dealing with isis now. Lets not forget that six years ago isis was not in or in three years ago. In my view, isis as a phenomena is a result of this infamous red line that obama drew in syria, a demonstration of weakness always leads to around the world getting stronger and more arrogant. Compare that to what you see in putin and russia. Yes. Again, dont forget that russias support to syria was fundamentally walk away and creating the vacuum filled by isis. And when we look at putins actions, we should remember when isis can be defeated militarily, putin cannot because he has nuked. I think strategically in the global picture, putin presents even the biggest threat. He is destroying the world over. So america is the most globalized nation. America benefits from global labor, finances, economy, and putin is trying to bring everything back to the sort of regional blocks. And the way that lavrov spoke to the united nations, and i think it was in direct response to obamas speech, it was most aggressive speech in my expectations. He called ukraine undivided security zone. This is 45 million nations. And it was very clear that russia is not going to satisfy you in the slightest of the obamas expectations. Lavrov is the foreign minister there, spoke at the u. N. On saturday. And it was a real sharp reaction to what he was saying because i he was so aggressive. He blamed america for everything that happened in the world in the last 15 years. Just anything that went wrong, it was americas fault and he was not ready to give an inch of the territory, both literally and figuratively that russia has been occupying. And it seems that, you know, crimea, eastern ukraine, its all under russian control and its very important when we look back to russia and the Propaganda Machine, they dont the russian elite, and thats putins message, they do not believe that the sanctions will lost. I think theres a general belief sanctions will. When you look at the russian budget, they do not make projectons for sanctions in 2015. And at the same time, theres a 41 increase for russia today. The Propaganda Machine for kremlin. I guess thats putins message for europe comes directly from game of thrones. Winter is coming. Winter is coming and its getting colder. Everyone will need energy. And you can hear voices in europe saying isis is the real threat, lets Pay Attention to the terrorists, lets make a deal with russia. Ignoring the fact that if we let it go, crimea and the fact that russia is for the Security System built in europe in 45, that will have global consequences. You know, its interesting when you look at the companies doing business there, for example, exxon in the cross hairs of these sanctions because theyre finding oil in the arctic with rossneft. This last week, there were reports that russia is looking to seize foreign property in retag tallation of the sanctions. I recognize the sanctions dont feel like much and youre saying they dont matter, but the russians dont see them as mastering. Again, they do not believe that the west has resolve to play the long investigation. Putin used to play the game, poker game i would say, and he expect the west doing. Every time his expectations were met. And we should point out that this monday putin is meeting with the head of iran. Yeah. But also, again, limitations for the Russian Media in russia. Facebook, twitter to share information in russia from january 1st. So there are many moves in this direction to demonstrate that putin is willing to continue this war because, again, he doesnt believe that obamas strongxwords will be met by the same strong actions. Thats the bottom line. Gary, always wonderful to have you on the program. Thank you so much. Up next, texas leading the country when it comes to creating new jobs, adding more than 20,000 new jobs just last month alone. What is the lonestar state doing so right despite the challenges it faces when it comes to immigration . Immigration . 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With up to 27 more brush movements patented Sonic Technology get healthier gums in two weeks guaranteed. Philips sonicare discover the brush thats perfect for you. Unemployment numbers for september due out at the end of the week on friday. One place not sweating those stats, texas. It is the leader of job growth in the country, creating more than 20,000 new jobs in august alone, giving the lonestar state an Unemployment Rate of just 5. 3 . All of this, even though texas is constantly struggling with immigration issues at the border. So what is texas doing so right . Richard fisher is the president and ceo of the Federal Reserve bank of dallas. He joins us today. Good to see you, sir. Thank you. Thank you so much for joining us. What about texas . Why such growth, vitality in an economy nationally that some might say is bumping along the bottom inspect. Ill tell you whats interesting. If you take texas out statistically from the nation as a whole and you go back and look at where we were before the recession hit and where we are now, the nation still is about 300,000 jobs short. Thats texas. Weve created over a million, 150,000 jobs. So if you mix them together, the country is ahead of the curve. Were going to be releasing some data on monday and tuesday, our new surveys, that i think will just knock your socks off. Its amazing. Why . Why . Well, first of all, its a diversified economy. Energy helps enormously. I have over 900 of the neighs 1900 wealth in my district. But thats only 2. 5 of the jobs in texas. About 12 of out our output. Its a highly diversified economy. Its a pro business government. Zero next tax. Bad social services, no question about that, but people come there to work. Were seeing massive immigration. That number you just gave, the numerator is growing very fast. We were creating jobs in the Second Quarter at a rate of 578 . Again, way ahead of the nation. So its a mix of good policy. No next tax obviously has more business. Yeah. Of course, theres sales taxes and real estate taxes and so on. Theres a Small Business franchise tax. Here is the thing. It demonstrates the fact that with the kind of Monetary Policy we have, if you only have good fiscal policy, this nation would be growing much, much faster. At the margin, the state has a significant impact. If the federal government would only get their act together and be more like us, we would be growing as a nation much, much faster. That Second Quarter rate of growth which nobody foresea was uber strong. Let me turn to your concerns over some time now. Youve been saying Interest Rates need to go back to normalized levels. Federal reserve should get out of the way at this point. Youve done your job. What specifically are you seeing whether in the high yield debt markets or the equities debt market . Can we talk about unemployment for one second. Were seeing wage price pressures at the highest in my Federal Reserve district. Weve done some studies here state by state goin

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