It fit your life . All that and more combing up on the willis report where consumers are our business. Tonight were asking the question is Big Government the answer, and if so which republican can actually deliver a Smaller Government . With us now former senator scott brown. Also a fox news contributor. And Patrick Brennan with national review. Patrick, start with you. Youre here on set with me. So jamie dimon, biggest bank ceo in the world really talking a today about Big Government and how it is harming his institution. How did you react to his words . Well the point he was making specifically was, if we have, if we have new regulations on banks, require them to hold more capital than they have in the past than the market might demand it will create unintended consequences in a financial crisis. May make a crisis less likely. But when a crisis happens it will restrict their ability to react that has to be true in some sense. Gerri there are a lot of unintended consequences to doddfrank, thats for sure. He is talking about his own book here but it does make some sense. Senator, i turn to you now. Here is what dimon said. The Banking System is far safer than it has been in the past but we need to be mindful of consequences of myriad of new regulations particularly if we enter into a highlystressed environment. I sat back and thought about this basically he is saying that government regulators that is on their own, could create a situation where we have a financial crisis. So the very thing that is supposed to be saving us, keeping banks in line their sizes down, keeping us safe, doing just the opposite. Do you agree . Well, first of all, you have regulators now regulating the regulators. Theyre just trying to, many of them are trying to justify their own existence and thats potential problem. Lit is doddfrank, whether obamacare, whether epa and a lot of regulatory agencies theyre creating more and more and more red tape for businesses and individuals. So we need to have good regulations. Regulations that make sense. Also you have to have a congress and president that is willing to look at regulations in place and get rid of once that make no sense and make it more difficult to be flexible and nimble in the event of a emergency. Gerri weve seen this over and over again right . Seen it with obamacare. Seen it with the va trying to fix the va with banking you name it. Many parts of our government try to apply one size fits all solution to a big problem. It never really seems to work very well. I think this is going to be a big debate in the 2016 election. Patrick to you, which of these candidates do you think it going to be most able to effect change . Well i think that there is a huge republican field that were looking at but there are probably two clear tiers. It is fairly clear, Jeb Bush Marco Rubio scott walker have much clearer path to nomination than other people do. Ted cruz and rand paul people are excited they stand on principle. While they absolutely have a chance, their path to the nomination and presidency a lot less clear than it is for walker rubio and bush. Gerri i think one of the big questions, will the person with the most cash win . As it stands right now, senator, obviously jeb bush is doing very very well. Is it always the money that talks in these elections . No, its not. People if you look i think people kind of overstate that. Gerri i will come back to you. Thank you. If you look at the way that the primary is rolling out, New Hampshire where i live is actually the, obviously firstinthenation, is not a caucus state like iowa. And it is really, you have to go doortodoor. You have to be in peoples living rooms and in their businesses. Not only about cash. Rand has certainly taken a standup there. Scott walker has. Jeb has only been up there i believe once in the last 10 years, give or take. So there is a whole host of people coming in, making efforts but i dont think it is going to be all about the money in New Hampshire in particular. Thats really where the ball starts rolling. Gerri all right. Patrick lets talk a little bit about rand paul, right . Quinnepiac poll puts him ahead of Hillary Clinton in iowa. Here is today in south carolina, talking about our issue today, Big Government. In 1964 Ronald Reagan warned of the dangers, the dangers of ceding our freedom to a little intellectual elite in a far distant capital, who think they can plan our lives for us better than we can plan our lives for ourselves. The washington machine that gobbles up our freedoms and invades every nook and cranny of our lives must be stopped. [cheers and applause] gerri well, that would seem to be what im talking about right . Here he is talking about how Smaller Government is better and hes the libertarian. This certainly appeals to his audience. Can he go further than that . Absolutely. I think his stance as libertarian candidate is generating enthusiasm in early going. He has a core of support. But i think idea that libertarian will win republican president ial nomination is a bit of a stretch. Gerri a fascinating story, right . How far they can go, how well they can do. Senator, to you as you look at this group shaping up, is it possible that well repeat the mistakes of the last election where Republican Voters there was just so many potential candidates out there that the field was not winnowed. It really distracted people. And the media frankly had a field day picking on these folks . Is it just too distracting to have all these people in the race . Well i dont think so, not yet. They changed rules and format to make it clear and more advantageous the ability to get at and use money they raise and the National Party raises but heres the choice. You can have another four to eight years of president obama aka Hillary Clinton, or you could go even further left, almost socialism with warren and Bernie Sanders type of person. Or we can in fact find somebody from the republican party, because we will hopefully retain the senate. We will have the house. To have the bully pulpit of the presidency is so critically important. Heres the choice. I was with judd gregg and actually senator sununu last night doing an event. I asked every person in New Hampshire, these are salt of the earth activists. If the person doesnt win will you support the actual nominee . Tell you what it was little frustrating to the people say, yeah, i dont think so. That is the rom. Thats our problem. That is our problem. Gerri that is interesting there is such a range of opinion out there. I mean patrick, what do you make of this trend . Even in the Democratic Party, everybody thinks that the Democratic Party speaks with one voice but it doesnt really. I think this time around they may have a bigger problem than republicans. Republicans have been through a couple nasty primary fights. Democrats havent fought any of these battles. They distrust Hillary Clinton a lot more than we distrust our frontrunners. Gerri scott, patrick thanks so much for coming on the show tonight. Great conversation. Now thanks gerry. Gerri thank you so much. A year after it was reporting that veterans were sicker and dying waiting for appointment, the number of patients on waiting list hasnt budged or dropped at all. Associated press reported that 900,000 appointments between august and march failed to reach 30 days. Ap examined six months of data in 1000 va facilities. These wait times led to resignation of va secretary around prompted congress to give va 16 1 2 billion dollars to fix the problem. Not fixed yet. The va said it built new Health Centers and added 8,000 employees. Many of the delays are mostly in southern states. Still a lot more to come this hour including why the va isnt the only messed up agency in washington. A new survey Shows Nearly Half of americans are not invested in stocks, not at all. What is the motivation behind this . We get your reaction coming up. [ male announcer ] some come here to build something smarter. Some come here to build something stronger. Others come to build something faster. Something safer. Something greener. Something the whole world can share. People come to boeing to do many different things. But its always about the very thing we do best. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. New york state is reinventing how we do business by leading the way on tax cuts. We cut the rates on personal income taxes. We enacted the lowest Corporate Tax rate since 1968. We eliminated the income tax on manufacturers altogether. With startupny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. All to grow our economy and create jobs. See how new york can give your business the opportunity to grow at ny. Gov business gerri more than half of americans are sitting on the sidelines. Thats according to a new bank rate survey. 52 more than half of folks say they are not investing in the stock market, not at all. Meanwhile todays bull market marchs on marking the fourth biggest winning streak in u. S. History. Lets bring in david bock, vice chairman of Edelman Financial Services and a psychiatrist. We need all the help that is my opinion on this. Gail, lets start with you. Set up the scene here for what people mentally are going through. Face it, a lot of people lost a lot of money in the selloff right. Gerri many at very time they wanted to access that money at retirement. Exactly. Gerri what is going through your head as investor when there is market selloff of that dimension . Fear. Frankly fear is a normal human response to danger that occurred or a threat that may occur and when you have had a past trump ma you will have more fear and anxiety. That is also very normal. Gerri let me interrupt for a second. It is really rational response. If you put your hand on the stove top, you dont do that again do you . Correct, it is rational but it can become irrational. Gerri how so . Well you can be faced with some reasonable prospects that fear whatever trauma happened before will happen again. To an irrational degree. Paranoids have enemies. People have there are real dangers. But then the question is how hyperbole does it get. Gerri how hyperbolic does it get. David you will say you have to do the right thing right . When markets turn down people are fearful and think it will be worse than it actually is. That it will stay bad forever. The opposite is things look good. If you got out of the market in bottom of 2009. Gerri march. March of 2009 you missed 115 runup. Gerri that is the dow run up. S p is up 143 . Big numbers. What is scary, some people got out, theyre getting in today. Gerri of course they are. This is when the greed part comes in. I was literally just with somebody a week ago, out of the market in 2007 and telling me now theyre getting back in. I think real key, investing for the long haul. We always say it on this show. About a diversified portfolio. Building that portfolio over dollarcost averaging. Investors dont invest at once. They invest every two weeks when they get a paycheck. Some people cant invest over long haul. They are already burped. They dont have a lifespan that is long haul. Those people are reasonably more anxious i will say this said something in your notes when you get older you have different attitude towards risk. Correct. Gerri how does it change . You get more conservative. Young people their brains, especially young adults have this sort of, it is infinite. Im i will live forever. That is biologic. And although actually, not what were finding with young people right now. What were finding with young people theyre becoming conservative because they see their parents get hurt. Correct. Gerri but also what they told surveys surveyors is that they dont know enough. So there are people thats right. Gerri im scared. People say i dont trust the system which is also a concern. Right. Gerri people say that is cultural phenomenon going on right now, right . We in the country have lost trust in a lot of systems. That is new for institutions. That is something this young generation is facing that the prior generations did not, that will affect their invests. Here is one of the key things. Were talking about older people, we talk about older people, depends what older means. If youre over age of 65 youre investing conservatively, sitting in cash youre earning less than inflation. Your money you will go broke safely. Someone who is 65 today mass a 50 chance of living to be in their 90s. The fact is, 65 no longer is old. I would absolutely say it is young. And what were seeing is there is a paradigm shift. A realization people who are over the age of 55, actually need to be investing a little bit more aggressive than they have in the past because they will gerri live longer. 10 15, 20 years longer. That is age span being different. Midlife isnt the same and old age isnt the same. That does shift the conservatism paradime. Gerri you talked about middle age folks healthy and middleaged olders folks. What about millenials, theyre telling surveyors i dont know anything about that so i wont take the risk, right . I saw the survey. I want to look at Employee Benefit institute. They have the most research on retirement accounts. Here is what i found studying for the sessionment today, 65 of the money in people under the age of 30, theyre putting 65 of their money in the stock market. This survey saying that young people arent putting money in the stock market gerri that of people who are invested. Those who are invested. Gerri what would you tell millenials who say i dont know anything . It is probably true, right . They dont know that much. First of all it is absurd to say you dont know anything. Everywhere we turn people say pay yourself first. Use your 401 k plan. Saving automatically. People use retirement accounts but mistake theyre cashing them out. 40 are cashing them out. Helicopter parents. Kids are not knowing anything because their childhood is extended because their parents are doing everything for them. They dont actually know even though you could say they should. The American Dream no longer seems feasible. So they dont have a trust, a faith that they can just work hard. Just learn the information and can just get it. Gerri they have to do it, fail gail. The reality it is on you. Young people buy brand new iphone. The moment iphone theyre lining up to buy the iwatch. Fine. Go buy apple stock. Buy an index fund with apple. Gerri sound a lot like Charles Payne. Not just that complicated. It isnt that complicated. Here is the thing. Gerri you can make mistakes when youre young. Helicopter parenting i will talk about helicopter parentings. My father forced me to put money in ira account at 23 dad, thank you. You know what today, i have a very large ira account because he forced me to save money at young age. Gerri got you guys going. Gerri, good to see you. Gerri we want to know what you think. Here is our question tonight. Why are people not investing in the stock market . No money or no trust . Log on to gerriwillis. Com and vote. I will share results at end of tonights show. Coming up later in the show well look at the days other stories. Up next our use ears guide to taxes, what do do to avoid an audit and the irs sends you that letter. [announcer ] what if one stalk of broccoli could protect you from cancer . What if one push up could prevent Heart Disease . [man grunts] one wishful thinking, right . But there is one step you can take to help prevent another serious disease pneumococcal pneumonia. One dose of the prevnar 13® vaccine can help protect you. From pneumococcal pneumonia, an illness that can cause coughing, chest pain difficulty breathing and may even put you in the hospital. Prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. You should not receive prevnar 13 ® if youve had a severe allergic reaction to the vaccine or its ingredients if you have a weakened immune system, you may have a lower response to the vaccine. Common side effects were pain, redness, or swelling at the injection site. Limited arm movement, fatigue, head ache muscle or joint pain less appetite, chills, or rash. Even if youve already been vaccinated with another pneumonia vaccine, prevnar 13® may help provide additional protection. Get this one done. Ask your healthcare professional about prevnar 13® today. Gerri were down to six days, tax day less than a week away. As you scramble to file your taxes the thought of audits might be sending chills down your spine. More than one million unlucky filers received that dreaded audit notice. How can you avoid becoming one of them . Here with red flags you need to be aware of. Dominic tavella. So nice to have you here. Before we delve into this, i want to share news with you to get your reaction. There is an Inspector General report out tonight, moments ago as a matter of fact, the irs is taking 28 days better part of a year, to resolve Identity Theft cases. People are having refunds stolen and identity too. Taking a heck of a long time to fix. Once more the irs is making mistakes when they do it. Your reaction . Incredibly nightmarish problem that the irs hasnt figured it out to resolve. We see this literal a year to resolve. They said this is my real return, i didnt file the one you have on file is a huge problem with no see solution in sight. Gerri we have a long way to go on that. Lets get to the audit because some people are getting audited this year, thats for sure. How likely it is somebody will be auditedded . For the average american out there the average taxpayer probably never see an audit. Probably never even hear from the irs. If you think of simple w2, mortgage statement, filing that is not what the