Transcripts For FBC Sunday Morning Futures With Maria Bartir

FBC Sunday Morning Futures With Maria Bartiromo November 23, 2014

Buy . Well ask the ceo of macys himself as we look ahead on sunday morning futures. The House Judiciary Committee planning to hold a hearing on what it says is, quote, president obamas power grab. This following the president s announcement last week of unilateral executive action on immigration. Congressman Bob Goodlatte is the chairman of that committee. Congressman, good to have you on the program. Good to be with you, maria, and your viewers. So what is the response to the president s action . Well, we have a number of avenues to pursue, and there are lots of consultations going on about that right now. But we can take spending actions. We can take legislative action. We can take legal action. And there are a lot of different ways to do each one. Weve now seen the president s specific proposal for a couple days now, and my staff and many other members of congress and others are hard at work examining the correct approach, but i can assure you one thing, and that is that this is a major assault on the Constitutional Authority of the congress, and the congress particularly on the republican side and both the house and the senate is very unified in our determination to stop this action. All right. Congressman, i know that the House Republicans are planning a hearing on december 2nd. I want to ask you about that hearing in a moment. First lets talk about sort of the backdrop here. More coming up. First the lawmakers overhauling our immigration system. Thats nothing new. Lets take a look at some past actions to better understand where we are today and where we could be tomorrow. Fox news Senior Correspondent eric shawn joan joins us with angle. Good morning, everyone. It is a showdown in washington. A defiant president accused of violating the constitution versus the newly empowered Republican Congress intent on not rewarding law breakers. As you might have heard, there are members of congress who question my authority to make our immigration system work better. I have one answer for that, pass a bill. It was a sweeping order, the president instantly granting 5 million illegals status and preventing deportation. Supporters say it is a humane step to protect hardworking immigrants and reform a broken system. Critics bitterly blast the president and his party. Last year Florida Republican senator marco rubio, the son of cuban immigrants whose own grandfather was reportedly briefly undocumented, well, he along with others crafted a senate bill that eventually died in the republican house. Were dealing with this not because we legally have to, but because number one, it is in our National Interests as a nation. It is not good for this country to have millions of People Living in shadows. And number two, were dealing with this issue, because this is who we are. And now in reaction to the president s move, rubio said this. Quote, we need immigration reform, but the right way to do it is to first bring ilLegal Immigration under control by securing the borders and enforcing the laws. Then modernizing our legal Legal Immigration system, it makes it harder and is unfair to those who are doing things the right way. Back in 1986 president Ronald Reagan gave socalled amnesty to 3 million Illegal Immigrants, but that was a bill backed by congress, not like president obama bypassed by the president. And there are still about 11 million Illegal Immigrants here in our country, and they are not going anywhere. So the challenge is to find a solution that is acceptable to both sides. If that is even possible considering the current contentious political climate. Maria . Now month are with Bob Goodlatte. Let me ask you about those hearings on december 2nd. Will you look to have the president testify . Well, so far that has not been a consideration. I have never seen a president of the United States come to the congress to testify, but what we are going to do is to have constitutional scholars and legal professors, law professors, who can speak to this issue of what the powers are of the congress and what the powers are of the president. And to the president s challenge, article 1, section 1, the first sentence of section 1 of the constitution says all legislative authority herein granted shall rest in the congress of the United States. Article 2 says that the president ial take care to faithfully execute the laws. It doesnt say that congress can act and if Congress Fails to act, then the president can act. The president either has the authority he has under the law or he does not. And i and a great many other people say he does not, and that will be the subject of the hearing. What about the economic fallout of the president s action . You know, much of the economic fallout or, i guess, executing this executive order falls to the states, whether it be issuing drivers licenses or paying for Health Insurance or instate funding for college. What kind of economic fallout are you expecting . I think theres going to be significant burdens on the states and on the federal government, and, maria, as was noted by marco rubio, on those people who, for years, have worked through the Legal Immigration system to immigrate to the United States. We have the most Legal Immigration program in the world, and those people will be hurt because when you try to process up to 5 Million People for new benefits, youre going to be delaying and deferring and in many instances even never getting around to handling the applicants who are in the system right now following the rules abiding by the law. Let me switch gears, congressman, and ask you about lois lerners emails, 30,000 emails apparently were found. Do we know what the contents of those emails are . We dont know yet. I want to commend the Inspector General at the department of the treasury for finding these emails. Obviously, it raises a lot of questions about what has been done by those who have promised to investigate this matter. But its also, i think, important for the public to understand that we just know of their existence. They have been found on these emergency backup tapes. They have not yet been decrypted, so we dont know the content yet, and it will be some period of time. We dont know exactly how long before we get them, but we should be continuing this investigation. The Judiciary Committee and the entire house of representatives voted last year to call upon the attorney general to appoint an independent counsel, a special prosecutor, to look into this matter. They have chosen not to do that. I think this is going to be more evidence to support the need to get outside from under the people who claim to be investigating this and are not doing it and to have a real independent special prosecutor handle this matter. Of course, throughout this whole time, as so many people were speculating that theyre hiding something, by the continual, you know, saying that the emails were lost and the servers were destroyed, what would you hope to seek if, in fact, you were to read in those emails that there was a direct conversation with the white house to target conservative groups . Well, i dont want to speculate on who may have been involved, what those emails say, but we will follow the evidence wherever it leads, and we will act upon it accordingly, and we will insist upon those people being who are involved in infringing upon the free speech rights of american citizens to be held accountable. And to make sure that americans can regain some trust in their tax Collection System which is vitally important and which has been badly damaged by this whole episode where we see employees of the irs including lois lerner leading an effort to penalize people based upon their political views. Its wrong and its got to stop. Congressman, good to have you on the program. Thanks so much. Thank you, maria. Well see you soon. We appreciate your time today. President obama using his executive authority yet again. This time broadening the scope of the military mission in afghanistan. What the new plan means for our brave men and women serving in harms way. Follow me on twitter mariabartiromo. Continue the conversation. Let us know what youd like to hear about that executive action as we discuss it next on sunday morning futures. Back in a moment. Go ahead and put your bag right here. Have a nice flight traveling can feel like one big mystery. Youre never quite sure what is coming your way. 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Before we go back and take a look at what went wrong, what is your take on the president s new action to expand our role in afghanistan . Well, what hes doing is something pretty smart here. Its about half of what we need done. And that is to give our forces the flexibility to defend themselves and to help their afghan partners. Thats a Lesson Learned from what went wrong earlier in the war and from what went wrong when we pulled our combat troops out of iraq. As you know, weve had to send forces back in and sending our air force to help out against isis. This time were getting ahead of that, and that does show weve learned something. But weve got to do the second half of that, and that is make a longterm commitment. Talking about a oneyear commitment, the taliban are guerrilla fighters. Theyll just wait back in the villages for us to leave. Wow. When you say weve learned lessons, i mean, the fact is is when we pulled out of iraq, we left some men there and women who were not supported. They didnt have what they needed to truly achieve the mission. Maria, youre exactly right. That was a strategic mistake. I know the military, weve learned from that. My colleagues that are still on active duty clearly are giving good advice to the president. It looks like hes listening, but im waiting to hear that second half on afghanistan. In iraq against isis, the president has talked about a multiyear struggle as very realistic. Now we need to hear the same thing in afghanistan, and most important, especially in light of what congressman goodlattes comments, we need to go to congress and the American People and get their okay for this extended mission. Thats the way our constitution works. You know, i was reading and this really is so upsetting. I mentioned this a number of times because much of the weaponry that isis has right now comes from weaponry stolen from u. S. Backed iraqi military. And of course, that is an americanmade weaponry. Much of it was never used when, in fact, isis grabbed it. Yeah, its unfortunate. The discipline and leadership of those iraqi forces was not up to par. We knew they had not been fully trained when we left. Eight years is not enough time to undo all the damage done by the saddam era which lasted for decades. That army in iraq was designed to fight alongside us. When you pull out our combat troops, its like taking the training wheels off a bike. They fell over. So what do you think of the strategy against isis currently . You know, maria, its about as good as it gets. Two things we got right this time. One, the president has talked about a long mission. Thats exactly right. And two, its iraqis in the lead. Weve said the same thing now in afghanistan because were less than 10,000 troops there even with this expanded role that weve announced. And that means the afghans will number the lead. That is the right answer to deal with insurgencies. The local people have to take the lead. We can help. Trying to deal with hundreds of thousands of americans is just not winner as we saw in vietnam and now iraq and afghanistan. So what failed in the iraq and afghanistan wars . Simply put, we misused the great military, the wonderful young men and women that we have that represent us so well in combat around the world. Theyre designed for short, decisive operations. Theyre designed for a desert storm. Instead we backed them into a decadeslong vietnamtype situation. And thats just not a winner. The enemy will wipe you out. In terms of what to do now, youre saying we have to be in it and make sure every knows were in it for the long term. So how do you get the right number of troops on the ground or the right number of airstrikes knowing that its an unlimited time that youre there . Well, thats part of it, maria, you have to plan for the long term. You have to meter what you put in and limit it. You dont want to put in hundreds of thousands so that you can sustain it over the long haul. And most importantly, youve got to get the consent of the American People through their elected representatives. And the right way to do it the way weve done it in the past like after the korean war is a defense treaty. Thats how we did it in nato with europe and in japan. So the right thing would be to arrange a treaty, submit it to the is that the and have an open and public debate to commit to this long mission. Not just do it out of the oval office. Right. Well, the expansion has begun. General, good to have you on the program. Thanks so much. Thank you. We appreciate it, Lieutenant General Daniel Bolger joining us. Up next, retailers hoping people parade into their stores once the turkey has gone cold. The ceo of macy is with us next. And yes, that legendary parade as we look ahead on sunday morning futures. A bi get to the terminal across town. Are all the green lights you . No. Its called grid iq. The 4 51 is leaving at 4 51. They cut the power. Itll fix itself. Powers back on. Quick thinking traffic lights and self correcting power grids make the world predictable. Thrillingly predictable. Welcome back. Next week, the official kickoff to the Holiday Shopping season, business is focused on what the next couple weeks look like in terms of a real window into the economy. The retail part of the year for the industry, and that is the Holiday Shopping season. Joining us right now to talk more about that as well as the upcoming thanksgiving day parade is the ceo of macys, terry lundgren. Thanks for being here. Thanks for having me. You reported earnings just a short while ago and talked about the rest of the year, taking your expectations lower. What are you seeing in the economy right now in terms of Consumer Spending . Well, we had a little bit of an insight into this of forecasts back in february when we said we need to take 100 million of expense out of the business because we just didnt feel like the economy was moving in a fast enough direction. By now we all would have hoped wed be quipping along at 3. 5 to 4 gdp, but theyre running at 2. 5 to 3 . 2. 7 i think, is the last take. Thats not enough to drive a company like ours. Were a 30. Retail company. We need the economy to do well. And weve been doing well relatively speaking. We took up a lot of market share. But we knew we had to do something different. We had basically flat sales slightly down, actually, in the third quarter, but we had an increase in earnings of 23 . I think thats whats helped the stock price. People know were not taking this sitting down, but at the same time, were taking action when we need to. And were actually the good news is we have higher much Higher Expectations for the Fourth Quarter. The price of gasoline has dropped quite a bit. And a lot of people make the connection of, look, that means more money in my pocket when im going to shop for the holidays. How important is the price drop of gas . It is important. I think its most important for the for the lower Household Income consumer and wherever that person is shopping. Certainly macys has that customer

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