Management. Guy, thank you all. Continuing, david, here on the place for business news. Fox and as i told you just last week, were going to keep doing this every week. Heres david. Transparency, a huge political add vac and basically called the stupidity of the American Voter or whatever, basically, that was really, really critical to get to the past. No matter how many times, rileals me up. Obamacare admitting the law was passed by pulling a fast one on you, and most americans. Calming them stupid, not once, not twice, at least three or four, even five times. Take a look. Pretty much the same thing. Why does it matter . Youll see. Too stupid to understand the difference. A clever, basic exploitation of the lack of economic understanding of the American Voter. So as republicans look to undo obamacare, will this prove
to be the final nail in the laws coffin . Hi, everybody. David asman. Welcome to forbes on fox. Go in focus to find out with elizabeth macdonald, rich, Sabrina Schaffer in new york along with Michael Ozanian and rick unger. Sabrina a game changer in changing the law. Absolutely. One of the big challenges building a coalition against obamacare, hard to move. Man . Everybody heard the arguments about rising costs, lower care and harder to keep your doctor. Heard them so many times it doesnt work anymore. Injaect new message into the conversation, talk about how especially this stupid, how stupid the American People are, were fools, this is apt to have a big change in voter preferences. Rick, the message is deception. Deception was used to sell the bill. By the way, even before wep got the gruber tapes, we have this poll showing that most americans do think there was
misrepresentation, in selling obamacare . Yeah. The message that gruber is saying is indeed deception. Im not going to sit here and tell you that i agree with his message, but im not going to argue and defend him in any way, shape or form, and be honest. I could take apart everything he said and show where i dont think its true. It doesnt matter. For those who are against this law, and we know there are many, this will only serve to reinforce their belief and im not going to be able to change that right. By the way, emac, not just anybody. This was one of the main architect, the Washington Post referred to him as the coin of the realm in coming up with an economic model on obamacare. Now, we knew the numbers didnt add up. Weve been saying it for a couple of years now. But clearly, they knew that the numbers didnt add up, too. Yeah. Goes beyond just calling them in for hearings, or undoing obamacare. Indicted for criminal brainlessness, this guy. More videos show him saying knitwhitted nonsense than
airplane movies now. The American People, the issue, and congress, misled into supporting this law saying the administration said it would basically lower your insurance premiums. Get to keep your doctor. Low are the deficit, create jobs. None of that happened. There should be hearings into this. By the way, we have 2 million fewer fulltime workers nan 2007 and more tarttime jobs pup need the jobs to pay for this thing. There needs to be hearing into what gruber said and pullback on obamacare. Again, because it is such a deception, the tactic used was really based in deception, mike ozanian and it continues, by the way. Pelosi. Congresswoman pelosi claims even though she was working with them, she never heard of this guy. I dont know who she. He didnt write our bill. But back in 2009, she had a different story about him. Our bill brings down rates. I dont know if you had seen
jonathan grubers and mike hughes analysis. The deception on the part of the people that sold this thing continues even today, mike. David, im not going to argue with the Deception Point youre making. Its absolutely correct, but i do disagree with sabrina. I dont think this is a gamechanger in public opinion. What obamacare is about is the redistribution of wealth, and those American Voters who believe in the redistribution of wealth are still going to support obamacare. Rich, i must disagree with my friend mike, because this really is the face of whats wrong with america. This is the face. Gruber has become the face of what the election last week was all about. I mean, look at by the way, weve looked in the guys finances. Not just the 400,000 that he was paid for his obamacare consulting. 2 million worth of contracts with hhs that go back seven years plus a lot of contracts with individual states. So from federal level to the
state level, this guys a money machine. The kind of person that washington relies on. Yeah. Even more than the use of the word stupidity, i loved his use ftd word whatever. Whatever sums up the whole administration. Through the middle class, whatever. Screw the working class, whatever. Damage the health care system, damage the internet, whatever. You know . It perfectly sums it up. Will it have any impact . It boils down i think to what the Supreme Court is going to do when it takes it up in march. The swing voters will be chief Justice Roberts and justice kennedy, and will this make a difference . Well see. Emac what do you think . Rich brings up a good point. Apparently gruber weighed in on that, too and said tax credits really oernt meant for the state health exchanges, not the federal exchanges. Thats now going to the Supreme Court. I want to know what regulations what increased taxes, what about a more intrusive irs that americans were too stupid to know about ahead of time and we
have now even gruber talking about how in massachusetts they purposely set up their version of Health Care Reform by taking 400 million from taxpayers. That is theft from the American People. There needs to be hearing into that. And what it poboils down to, rick in another tape hes in, wealth redistribution. What obamacare was about. Ive got to say, the two people im include to disagree the most both 345mead really go points. This isnt going to change the future of obamacare. You still have president bv b in the white hou obama in the white house. Nothings going away while hes there. And liz made a point. About the case coming before the Supreme Court. We dont know how much the court will take notice of what he said. Theyre not really supposed to, but theyre human being. It could be an impact and would be a huge impact if they do Pay Attention to this. Sabrina, told time and again this was going to save americans
money. Clearly they didnt believe it was going to save americans money when saying it . Of course, no. Thats a lie. I think, look, both mike and rick raise an important point, theres been a lot of ups and downs with obamacare, right . Failed implementation but a win in the courts. All sorts of things that have gone up and down. I understand it may not be the game changer. Usually republicans are the ones caught in policy wonkalingage. Talking the individual. Talking the individual american person out there. Thats going to resonate in a way that costs and gdp and prices thats not going getting away from the weeds of the minutia of what the law is. Its clear now. Its deception. The law is deceptive. The people selling it deceiving the American People and sde deceiving them now with Nancy Pelosis statements. Despicable. Nancy pelosis recent statements. But all of this is occurring in
a context of economic growth. It is not widely distributed. And every voter who was polled in the 2014 elections that occurred a couple weeks ago, the economy was the number one issue, and so, you know, youve got the deception, but even worse youve got the deception and then when people are hacked off because of economy. An administration that prize itself on equality. On equalling things particularly economically and its actually, the actual effects of these policies go in the opposite direction. Ill have to go back and paraphrase Winston Churchill who says socialism is nothing more than equal sharing of misery. What obamacare s. Well leave on that. Really a notion. Speaking of obamacare, is the president s executive order for illegals going to explode that cost even more . Cashin in on cove erg the numbers in a minute. First, is the president
asking for a World Wide Web of trouble pushing to regulate the internet . Its whos pushing back that says it all. Woman everyone in the nicu all the nurses wanted to watch him when he was there 118 days. Everything that you thought was important to you changes in light of having a child that needs you every moment. I wouldnt trade him for the world. Who matters most to you says the most about you. At massmutual were owned by our policyowners, and they matter most to us. If youre caring for a child with special needs, our innovative special care Program Offers strategies that can help. Just take a closer look. It works how you want to work. With a Fidelity Investment professional. Or managing your investments on your own. Helping you find new ways to plan for retirement. And save on taxes where you can. So you can invest in the life that you want today. Tap into the full power of your fidelity greenline. Call or come in today for a free oneonone review. Live from americas news headquarter, im kelly wright. Good morning. President obama arrived in australia for the g20 summit before meeting with world leaders, mr. Obama gave a speech to University Students in brisbane. The president saying the u. S. Was the leading voice in opposing russias actions in ukraine. He described as a threat to the world, a quote. And call and nations in asia and the pacific to join the u. S. In confronting global challenge. And a xarp in the skies over california. A bird strike force this Alaska Airlines flight to turn back for an Emergency Landing in oakland minutes after taking off. The plane was heading to seattle. None of the 153 people onboard were hurt but the impact
reportedly damaged and Electronics Panel in the cockpit. Im kelly wright. See you back here at 1 00 p. M. Eastern time for a brand new hour of news. Now back to forbes on fox. Point, click, sick. Critics blasting the white house this week as the president pushes the fcc to regulate the internet. Theyre calling it the next Big Government power grab, the former chairman of the fcc telling me he agrees. The statute the president is calling for being used as our National Internet policy is so ambiguously written, you could easily encompass a whole host of applications, services and innovation we never imagined were regulated by the fcc. And rich karlgaard, a lot of people worried about a government takeover of the internet. Could this get us there . It could get us there and it has all sorts of implications around censorship and so on but the economic considerations are
this at ts Ceo Randall Stephenson is ready to spend tens of billions of dollars rolling out next generation fiber in 100 stcitie in the united states. Hes hesitating whether hell get his money backcharging Premium Services to Companies Like netflix and because this law, if it passes, is that, you know, at t wouldnt be able to do that. So he wont invest. Its already had an 18 billion impact on our economy, bill . Well, the brand theory seems to be that obama bet on World Domination is going to seize every inch of the internet and censor it. Im not that afraid of that particular outcome. Well see something much more moderated, price regulations and those rare instances where the cable provider, as in my neighborhood harks a monopoly. Not so bad. Point is obviously not happening overnight a government takeover, mike ozanian, but incremental. When has the fcc ever made an
organization more efficient . We really want the fcc to start regulating the internet . No, david. Its a bad law. All we have to do go back to 1966 and see why. The fcc came in with a law that basically distinguished between traditional Telephone Companies, regulated had a cell band below price, below market price and then the new Information Services companies, capital and money poured into the unregulated Information Service companies. Broadband grew. What we have today is in largely due that. Without that investment we wouldnt have the internet we have today, and it wasnt until the early 2000s where it freed up the Telephone Companies and they became unencumbered with regulations that capital flowed in. A point. When have they ever made an organization for efficient or appropriate cheaper . The fcc . A fair point to make. This is an incredibly nuanced issue. I find it to be. Conservatives, of course, abhor government involvement. I get it, totally do, but theres something that president reagan showed us that concerted abhor even more. That a natural monopoly. Why reagan broke up the Telephone Companies and all should wonder if we had 9 Great Innovation if he hadnt in that field. Sabrina, the worst monopoly of all is a government monopoly, because they make illegal any kind of competition. Thats awful for the consumer. Absolutely. Look, the technology and the internet weve all grown to rely on, especially helpful to working moms like myself, means that it comes as result of the absence of government regulat n regulation, as my said. Not because of it. Its a power grab in the wake of the nra scandal, and irs scandal, we should be especially concerned about this. Another factor mike powell, former fcc chairman said, hes worried about regulation of content. We dont want government theyre not going to say theyre
doing it. The fcc wouldnt get into that right now, but eventually thats how we go down the slippery slope of censorship. Right . Well, this administration has not exactly been a friend of the First Amendment and Everybody Knows that, but i want to address the point as about monopolies. They dont last in technology. The government thought ibm was a ma knop lip in the 1980s. Those microsoft was in the 1990s. It was actually Market Forces that brought down the influence of these companies. Interesting company to watch is google. Used to be for this law that obama wants and now that google is in, increasingly getting in the business of supplying fiber, theyve pulled back. A lot of change of views on this and, bill we now have the majority of the public according to a new poll just out, 61 of the people polled dont want the government, the fcc, to get involved in the internet . I dont want the government to be designing my internet but would love to have a little more competition, not less, and just
terrific if verizon were to compete with cablevision in my neighborhood. Hold on. Sabrina when has the government a government regulatory body ever increased competition . Right. Just finished talking about obamacare what a nightmare thats become and look at the schools. The fact is the market is responding. There are packages where you dont have to have everything bundled together. Companies are responding to market demand and we have to make sure the government doesnt stop that. Mike . Shes absolutely right and really what it comes down to is you can allow Market Forces to prevail, and with the fcc what theyll do if it listens to the president , it will curb those Market Forces, force unbundles, force pricing things below market and that will cause Capital Investment to dry up. All right. I think, by the way, the Younger Generation is very much opposed to this, from my cold, dead hands theyll have to take my computer away from me. And the president s pick for
tvrp t. J. , and she is praised by people on both sides of the aisle for being fair. Why are some businesses worried . Find out. Kid hey dad, who was that man . Dad hes our broker. He helps looks after all our money. Kid do you pay him . Dad of course. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. Something the president and his pick for the nations top prosecutor may agree than could about real turnoff for job creators. Also, whats better than all also, whats better than all the early
will that be all, sir . Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. And often even more. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 89. 95 a month. Comcast business. Built for business. Imagine getting sued for discrimination, even if you had no intention of discriminating . An awful position businesses find themselves in thanks to a rule pushed by the justice department. Worries the president just nominated for the next u. S. Attorney general will keep it going. Youre one of those people . I am worried. A phantom law. We all want to end racism, this isnt require evidence of racist lending policy. No evidence Loretta Lynch will push back against this policy. Essentially accused of something with no proof necessary in order to prove that case. Seems unamer