Transcripts For FBC Cavuto 20130706 : vimarsana.com

FBC Cavuto July 6, 2013

And berlin protetestors market marching in defense but it might explain why european regulators finding google a big problem over the plans to go over data for a new tube into email for a onestop shop for advertisers. You think we h have problems just imagine all the gadgets that nursing king in right now is not good because theyre only getting more fiery at us over there now to former ambassador bolton why a this isow a Global Political and idc get a spreading ambassador . I think we are all shocked to learn that there is hypocrisy. But United States shares an credible amount of intelligence with all the european governments. They share some with us, but by and large they are the net beneficiaries. So when they take a cheap shot li tat they should know better. He is a jerk. I think thate need to take these protests in europe with the big grain of salt. This is all for the home crowd. It is not really sincere. Neil well, there is a french political official lecturing anyone on honesty is one thing. The bigger point about the fallout on our financial credibility. What to you think of that . Whether this registers an impact in that sense. I dont think that it will, and i dont think it wi greatly affect. Thre mad about how they collect data and how long theyre keeping data, but he put not your own free will. We used to make notes of how people got purchases together. Theyre doing the exact same thg. They are the best inbreed. I dont think it will affect them. Neil here is where i would respectfully differ. I can do that because you are on remote. Here is where i disagree. It has been a slowdown. And they have a lot of problems just making ioads, european officials. Theyre all dumping. This does not help matters. Whether it is just a fire not. That is a fair point. A very valid point. Does slow them down. This is about what the ambassador said, smoke and mirrors. Surprise surprise. America just happens to t caught. Has been going on sincehe revolutionary war. A lot of problems. Theyre looking to blame someone , and you better than the evil empire and take the attention off of their own problems at home. Neil how do we deal with them not really very nicely dealing with us . Gamine, this deal, each side is going to respective crowds. You know, the europeans are excellent at taking a big political principle and using it to hide its sheer crass commercialism. So it would not surprise me if they had some economic motivation. I think it will fade away. I dont think there will be any political ramifications. If there are, our answer is to stop cooperating and intelligence sharing were certainly cut back with any country there really tries to go after arrest or to go after a company that has participated in a legitimate u. S espionage activity. Neil when you say that, does it mean that we cannot afford any more surprised . It is sort of like to 50, theres gambling going on. What if we get more dail or they give more detail that this was going on and far more widespread, not just the European Union offices in washington at the united nations, but maybe in all of these, you know, country capitals. This depends obviously on what he still has. People and the Intelligence Community are concerned that he did get away with a lot of ver seitive affirmation. As it comes out, it could still be damaging, but in terms of fundamental damage, political relationships with the europeans, i dont think so. They dont have a clue what their Intelligence Services are doing. Neil what do you think asar as the hot technology stocks. You mention google, but i am wondering about those that do have a lot of americans, the folks across t globe using the , whether there is any sktishness, even if it is shortlived and does impact the bottom line or does affect how much they can sell their advertisers beuse there are fewer people lets say, using the services as sort of a silent protest. I dont thinkt will be a big enough affects a move the bottom line. 50 billion in cash. They are a monster company. Remember, it is a matter of free will. That is the only way you will have to be able to work on the internet. The internet has become so much of our lives that people will not forgoes completely and they will still when you press a funny intnet is stays there and exists forever. Its not like mebody is you. Ng into your house and neil here is where i draw another distinction. We will leave it here with you. This idea that in europe these devices are even more sacred than they are year, particularly among young people who treasure them. Almost like a part of their bodies. So they take very, very adversely to this spirit i am woering if it boomerangs on their own government. It is possible, but scott mcnealy, when he was ceo of Sun Microsystems 15 years ago said, and i quote, there is no privacy and the internet. Get used to it. The eureans are going to have to grow up. Neil are you just making friends left and right. Ambassador, good to see. Happy fourth. Neil and here is how clever some of these spies are. Some of them dressed up as postal workers. Its true. Your mailman, bond, james bond. Why his drivers seat is not on the left side of the vehicle but the right like in england so that he can spy on us. All this time b that it was just to make easier for him to get access to my mailbox. Little did i know, its part of the lever plan to Read Everything in my mailbox i want to make things more secure. [ whirring ] [ dog barks i want to treat mo dogs. Our Business Needs more cases. [ male announcer ] where do you to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get y there. Call us. We can show you how at t solutions can help you do what you do. Even better. Neil you know, i dont think dole ever elected my mailman the same way again examine every piece of it. Me and millions of others. More than 160 billion on blubs and packages were photographed from the u. S. Postal service. Nothing illegal because this ackingrogram only collected images of those letters and packages. Nine are actually open which apparently would be illegal. Even though it is still pretty weird. Why is it collecting this stuff and all . The Postal Service says that it is has been going on for years and is only meant to alert authorities to the images of unusual or suspicious mailings. In so doing apparently it is also passing along the names and addresses of the folks in the mailings, not to mention the return addresses of the folks in sending the mail. No wonder our buddy charles is paint. First of all, 160 billion. Neil that came out. They might do more if there was so busy photograph thing. That is the good news. The bad news, if you are on the internet, facebook, twitter, you put all yourself out there, youre the one doing it. You expect privacy. You might get me on that. When i start to search things, that information is also being acquired and catalogued. That bothers me. Okay. Ill do it the oldfashioned way, mail your letter. That is being photographed. If i am getting this rht, Law Enforcement can request, making a request of the post office. Covers 30 days. No one made a big deal. I know you are renting in the morning, some victims. They all say this is we are just collecting these records. The next week theyap the phone. In other words, once you get this stuff the next logical leap to use it. First of all, what could be suspicious 160 billion times. U talk about loose parameters. It was on this rectangular thing that was white ended having done it that means that so if those are your parameters for beginning this, starting it, what will be your parameters for dubbing distillate further . Just a little bit deeper. It will be pretty loose. You combine this with the idea of 100 million telephone phone calls. Neil what else are we going to hear . Dont you worry about that . What other little developments will be wind of . I hope we get them all and i hope we do something about it. If you were the kind of person that says i dont care, i have nothing to hide, you are nuts. Youre giving away your freedoms this is absolutely nuts. I hope people taken seriously. The aspect of it that we can have fun with, but the bottom line is this is scary stuff. We see what direction this country is going in. It feels like east germa. Neil that is the risk. Doing anything highte. You are going stale male. They start snatching letters in bottles of the ocean and we know were sunk. Neil i am wondering if there would go after my Victory Farms package. There are suspicious, i grant you, b is just food anyway, thank you. Great job, as always. The good news is bought jobs are booming. Why are Small Business as routing . May be because they dont see it or maybe because they dont count. We let them record in you decide. A comeback in the works . The boys used double miles from their capital one venture card to fly home for the big family reunion. You must be garths father . Hello. Mother. Mother traveling is easy with the venture card because you can fly any airline anime. Two words. Double miles this guy can act. Wanna play dodge rock . Oh, you guys and with double miles you can actuay use, you never miss the fun. Beard growing contest and go win whats in your wallet . Neil nearly 30,000 more jobs than we expected. Close to 200,000 in all, and it is the economy last month. Continuing to train steady. That is been going on for many months. But if things are so good, why are some Small Business guys convinced it is not at all good . David macarthur and caterer extrrdinaire say that if this is the recovery firing up then they might as well just pack up. You are fed up. What is going on . Well, what is scary to me, thoseumbers, i was just saying here in studio, the unemployment numbers are dropping. It is june. A lot of people going back to work for summer jobs. The one that is the kicker for me is the manufacturing number dropping. Those are the longterm jobs. I am cautious because i dont see people coming in the door doing a dance or telling me that things are really good. I think will go by car. It is is not happening. Neil and there was a big surge, as we will get into later. But having seen all of that, improving business is better than no business. It is, o people just dont have the money to spend. Neil what do you see . When they have the big spread what to do . Theyre looking to cut corners. They want to get people together, but they are getting the midway package. The dj, food, more to it. A very basic party which is good, still doing business, but not near what it was years ago. Neil so what you are hearing, when you see a of this news, things are kicking. People are freely spending their money or more aggressively. I dont see that. People are spending money. I see job growth. It is fictitious numbers, summertime numbers. Come september there will drop right back down. I dont see what the president promised. Ad nauseam creating jobs. If we have more jobs i would have more spending in adults see that happening. The local stuff is great. That doesnt help us. At is enough to dollars to pay for college. Neil you think about it, to you are not raising demanded spending. You are certainly not frivolous, but you are not a top priority expense. The first to go with the first to be downsized or the first to be reined in if times are tough. Does that still is that still the case . Yes. I am the guy after the gas ation andfter the supermarket. When you wake up bus saturday morning and go, a doughnut would taste good, maybe you will go to the bakery. How much money . Oh, no. Gas is still 3. 60 to my credit card is maxed out. We will have waffles. That is still the economy. I need to move you closer to me. Neil anything like that . Certainly. We are trying it all to stay alive. Online, olesale, you name it. After the bakery maybe there3 will be a party. Neil when you hear a pickup in Discretionary Spending, that is what a recovery usually is all about. That Discretionary Spending comes back. You are not seeing that . And theyre watching every penny to make sure theyre not overspending, overstaffing. But as far as pple spending extra money, they are getting by the minimum. Neill gas prices are dropping. You could aue that because of that it is taking some of the competitive spending pressure off. That money eventually finds its way to you. A coue of weeks of daybyday. That keeps up, maybe your ship mes in. I hope so, but we are a long way off a 3. 60 per gallon, down to about 3. 20 depending upon where you are. That is a long way from when the economy was good. A big difference. Neil a very good point. I know you guys are here. That is a big, big problem. Gasoline is to be high. And destination place. That is just another expense. One more expensive f them, one less thing that we can get. Neil a lot of people say white is a baker and interest in seeing whether the Keystone Pipeline is finished. Neil and stand. You get those Energy Prices down there is more money freed up. That is 100 percent right. And that is money that stays local. Not only local, stays in this country. Goes back into the community. When my business increases i ne more equipment, more pants, i need to upgrade the floors because people with a mouth. That is all of the reciprocal stuff that gets the money that builds the economy from being that and a half, 2 , will we have seen growth rate. There is no growth. That is sucked up and expense to being able to expand and put people back to work. It has been years since we have been able to do anything. Neil i wonder. You guys are vulnerable. They then try to take advantage of your problems. In your case, they expand their own business. They could easily cross you. They have the buying power we would never have. The ability of the better locations, a lot more capitol, the ability to borrow money better. Neil and an environment like this. It makes it tougher. They can do more than we can. We can never keep up. Home depot, all the hardware and paint stores. Neil you make a better writer fear abettor grinder. But everyone has a budget. It doesot matter. I have a lot of people say, the difference between you and the local box door, when i go there, oh, it was dead. When i get to you, it was fantastic. Dollars will regulate between good and fantastic. Neil job. If you are perilously putting your mortgage ahead of what you read. Shame on you. I cannot lead you to the refrigerator. All right. Health care delayed, i want you to meet their public and he says this is greta. She works in quality control. Sleeping on mattresses pioneered by engineers whose singluar devotion is not stopping until they have given her the best sleep of her life. Thats not greta. Save up to 500 on the tempurergo set plus visit tempurpedic. Com for details about our 0 apr financing with up to 5 years to pay. Neil you would think republicans would be delighted by this latest delay in the Health Care Law, the one demanding employers provide Health Care Coverage for workers by 2014. Now pushed back to 2015. But not Georgia Republican congressman. He smells a rat, not only because of the timing after the midterm election, but yet another financial underpinning of the Health Care Law that has been taken away only leaving more questions as to how they pay for this Going Forward because they have to find a way. The congressman joins me on the phe right now. Always a pleesure. Your fears are well placed. They have to roll this thing out and they are. I smell a big fat rats. Not just a little rant. You know, in 2010 the democrats in congress pushed the enfoement of the employee mandate back to 2014 conveniently until aft the president s election. Now under the cover of Independence Day holidays theyre pushing it back again. This time out of fear that the disastrous consequences and the impact on the midterm elections. This decision was not made in the best interest of the american people, i can assure you. Neil let me just say this. Just to protect incumbents like mary landreau, marc prior and taken. Neil that is the fear. I am going to give them the benefit of the doubt. But here is what i dont give up pass on because i am discovering that would be arucial means by which you would get coverage and pay for it. Now i am hearing a lot of young people from this was intended, they are not signing up. Lowwage workers cannot afford it. The ultime, the uninsured for whom we appended this entire Health Care System of ours, they dont want in on it. So now im thinking, how the heck do we pay for this . Well, that kid easily be the next leg. Juneaus. Further and further consion. This employer mandate to me is much mor simple to enforce and enact. Pretty straightforward if you dont provide Health Insurance, minimal Coverage Health insurance. You pay the fine. But much more complicated and arcane is setting up the exchange. A spending in all of this stuff. And the fines of your people who after a 26, kicked out of their parents basement, how in the world of they going to afford to pay these premiums . This is so disingenuous to say that it was the employers begging them to the lead. They had three years to put this into effect. Now there will delayed another year conveniently to get past these midterm elections. I think it reeks of hypocrisy. Neil sometng is not right. Always a pleasure. My pleasure to be with you. Thank y. Neil former top congressional budget expert and former u. S. Comptroller on this latest. What you think . This is pure politics and the no question about that. The rulemang hasun late. They slowed down so that it did not overlap the president ial election and theyre now running behind. Turns out this was a complicated rule. Not just whether you have insurance are not. For the individual, the individual and his family. It is a mess. But the fallout of politics is something that has bad consequences f insurance, more employers will be tempted to drop it now while theres no penalty. Still has bad consequences for the labor market, a big incentive to have partme workers which only changes for one year. We have seen employers move in that direction already neil we saw evidence of that. Over 330,000 more parttime workers. I would imagine that continues. What do you see happening . You k

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