Transcripts For FBC Lou Dobbs Tonight 20140401 : vimarsana.c

FBC Lou Dobbs Tonight April 1, 2014

New users at the moment. As you can see the website with bias to check back later said there was too many visitors but that did not stop spokesperson jay carney to claim it a success even with help philippis for the press corps. No one expected us to come back or to surpass the revised projection as 6 million would sign up but we have. And we have merits noting in your reports. Lou im sure there were very appreciative. White house Ezekiel Emanuel trumpeting the new website and able to handle all the traffic just before he was informed on the air live that the web site crashed once again saramaccan notice with the big surge that was pointed out no problem with the web site it is working. So that is another real surprised that they have it working mechanically with sir capacity civic we should point out it was down as of midnight. Really . Yesterday i love don denton 00 p. M. Is still down. Timing is everything. There would be as a greater sense of humility about the administration with healthcare. Gov in obamacare itself but not. Here is another Bizarre Exchange with hhs secretary sebelius a handle local newscaster in oklahoma. The house knows obamacare is wildly unpopular with a majority oklahoma residents leaving sebelius speechless. Dash last check 64 percent turnout buying into the plan didnt like obamacare and they have been pretty vocal about it. Know about will still continue to be a tough sell but we will see how that plays out over the coming months. Okay thank you for being with us. I think we may have lost sound. I can hear you. Think you for having me. Lou obviously not concerned about dead air and claiming 6 million sign ups for obamacare former adviser says it is well over 10 million but we dont know the real number of enrollees that actually paid for the insurance or how many have previous policies that were canceled or the ratio of subscribers from the lowcost customers. To Experts Joining us tonight. From Manhattan Institute and former adviser to the Romney Campaign and for a contributing editor, a good to have you with us. Here is another deadline. It is big. How confident are you there will not be further delays we will not see other deadlines resurrected . We will see other ad hoc in improvisation but it is important to give them credit compared to where they were in october it is impressive pelmeny they could sign up for obamacare but jay carney was misrepresenting the number 6 Million People he claimed that has signed up but probably only to a million were previously uninsured but only half of actually pay for coverage. Do you feel the same way . Absolutely. What a cynical definition of success they drive 6 Million People out of the policy if they threatened with fines now driven in tuesday exchanges talking about the millions more that has been harmed by the law. Lou there was the peace in forbes that said those that have signed up for healthcare. Gov about onethird were uninsured previously. That is 2 million. This administration talked about 50 million were uninsured. Could we add more than 6 million because Insurance Companies canceled policies because of obamacare. Where do we stand . 50 million uninsured includes 11 million Illegal Immigrants it is more like 39 million. Number two. The cbo projection jay carney was referring to in his press conference predicted the vast majority 80 or more would be people who are previously uninsured. According to the cbo but the vast majority enrolling would be previously uninsured deterrents out is previously insured and that is the key difference between but the cbo projected in what has happened. Lou what was projected as a ratio was inverted from the actual projections. And maryland is now shutting down its steel, its Insurance Exchange because it is so screwed up. To get the software to start again adding another 30 million. And many other states also. Massachusetts, hawaii, minne sota that have spent several hundred Million Dollars of taxpayer money to build the web site that has blown up and to enroll anyone to process the applications by paper but when you cannot even run a website our people supposed to have confidence they can reengineer 1 6 of the American Economy which is what they are trying to do. Lou one other aspect is the effort of obamacare to register voters that people have talked about it. It turns out it is of major motivation. A story today in california of a couple that was a registered republican who got a notice in the mail after signing up that they were registered it had already checked off democrat on their behalf. Lou government is helpful with that. At what point should people be concerned about the registration process . And it says right on the application are you registered to vote . Would you like an application . Issues writeup front and people will think we better answer this the right way if we want to keep our subsidy for Health Insurance because the present who are signing up for Health Insurance are getting subsidies. Just one more example of the dependency of the society. Lou least it is not a deduction from your premium in instead of the edition that was generous on their part. Tell us what you think about the deadline. We would love to know what you think of it to. And the promise to keep your Health Care Plan and dr. Is labeled the light of the year but a little reminder he has given his detractors a lot to choose from. Here is the president last summer touting the enforcement record. We focused enforcement efforts on criminals who were here illegally but today deportation of criminals is set the highest level ever. Despite the assertion the internal documents from department of Homeland Security the department of homeland and registration released emigrants with criminal record last year instead of deporting them. That document from the center of the immigration studies, he would think they would restrict enforcement. But 720,000 immigrants were charged only 17 percent of them with immigration violations. Take a second to vote with our online poll. Is president obama in your judgment in forcing emigration and immigration laws . A triple digit gain today the final day of the First Quarter up 135 points procopius and pieta 15 the nasdaq rose 43. Snapping the Fourth Quarter winning streak closing down threequarters of a percent and the nasdaq is up half a percent. Crude oil was down 0. 9 saddling 101. Told gold selling 1,283 per ounce and with technology the twoforone stock split happens on tuesday one class a share than the other under the traditional goog. The latest court fights under apple and samsung if apple wins samsung could be out 2 billion if samsung winds apple could be out 6 million that could be more expensive devices with googles waiting in the wings. Virginia couple having the best month ever winning 1 billion and ended march powerball drawing dead 150,000 in the big four game than one another billion from scratch tickets three Winning Tickets in less than a month. We are coming right back. Senator russias refuse to back off the borders of the ukraine. K. T. Mcfarland is next. [ male announcer ] its here Xfinity Watchathon week, your chance to watch full seasons of tvs hottest shows for free with xfinity on demand. Theres romance, face slaps, whatever that is, pirates, helicopters, piratecopters. Argh hmm. Its so huge, its being broadcast on mars. Heroes. Bad guys. Asteroids. Available only on mars. Theres watching. Then theres watchathoning. Lou net this point the futile search for Malaysian Airlines yielding nothing. I cluster of objects found in the current search zone of the indian ocean was only fishing equipment. Were not told what kind of frustrating the families leaving them in the darfur more than three weeks. With very Little Information and none of that satisfies the families better so desperate to learn more about what happened to their loved ones. Authorities say they may have as little as six days to find a box before the it. Lou meanwhile in this status quo the russians have pulled fact pulled back troops at of an estimated 80,000 troops. Arent you surprised we dont have a better count on the Russian Troops of the eastern border on the ukraine . The number varies from one account to the next fully that is us with our sophisticated intelligence rather than not knowing. Some say 30,000 some say 80,000. Lou hopefully it is news media over intelligence. Were not acting very intelligent about it. So right at the zero long supporter because i think the putin goal is to take all whole band along a the russian border in each chassis ethnic russian speaking population at the border. He has to cross the borders. The troops are signed up the ukraine fell into the lap but at the end of the day to move the troops. What happened if they did . I think the ukrainians would fight. Lou you do . But they have no real reserves no Battle Tested troops, it would be a futile sacrifice. I would hope the of leadership would be wiser than that and president obama and european leaders could be effective enough. To forestall such see evaluation i dont know what that possibility is. John Kerry Williams in israel tonight to straighten things out. Harry comes up with the idea or testing via idea that israel should try not to being a jewish state. May be a Cultural Center is in jerusalem. Surely that is not true. Looked around the world if you have a house the roof leaks there are termites and colson the basement but he built redecorate the pool house because the center of American Foreign policy is what is happening in russia russia, china, with japan and really the of the least what is kerry doing . Of utile effort to bring the palestinians and israelis together. That to people could sabotage the deal i always thought the israelis and palestinians problem is the last piece of the puzzle got the first. Lou. Gov. So much for the france socialist revolution president hoglund sufferers say brutal defeats in local elections losing more than 100 towns. Europe going conservative friends, spain, germany, as soon we will know if the United Kingdom is joining. There have elections in may. Stable if the spinet to triple digit rally as the First Quarter and. Bob doll lou more recalls for General Motors adding another 660,000 trucks and small cars to the massive recall list for oil leaks and axle issues. So far it has recalled 5 million vehicles about six times recalled last year. The ceo will testify on the faulty ignition switch tomorrow lead defect of federal regulators twice were aware of but failed to investigate 2007 and 2010. The federal government announced carmakers will be required to install backup garrison most new vehicles by 2018 according to the end teeeight to save 220 people died in a vehicle back up accidents each year. Stocks are rising today after janet yellen as concerns of the are of great height among investors. The recovery still feels like the recession and to Many Americans and looks that way with economic statistics. At 6. 7 the National Unemployment rate is still high of 01 dash higher than it ever got in the 20 01 recession. Lou thatd is striking. Joining us now is bob of the senior portfolio manager, a good to have you with us. I thought that was an amazing statistic for i had not thought about that. You are absolutely right but it points out how deep this last recession was at 6. Seven now but it was over 10 not that long ago so much deeper recession which a much slower recovery. Lou the fed chair says she will accommodate, positive and embracing the markets. The market cheered with the triple digits rally. The right medicine and response . Generally. She had the tough go round with her First Press Conference and she is trying to clarify that to say the fed bill will complete the tapering process of buying the bonds in the Fourth Quarter last year and as the economy hopefully end slowly gets better shape will begin to normalize the shortterm Interest Rates sometime in 2015. Lou the market today the triple digits move a solid quarter, my question is where do we go . I am not a fan of the expression but will pc money move to the equity markets . It does not change the fundamentals that investors have to deal with senate you are bright. The market has acted tired we get a rally then a pullback and we are stuck at current levels for several months. The big fundamental question this slowdown is a reversal of the inventory building and it is a slowdown of final sales it is not much of any such people get economic improvement as spring begins to show itself lou i think the market would respond favorably. Yes the upheaval hundred with todays rally is up multiplied by for that is 5. Two at two points for the dividend on top of 30 last year not a bad year. Lou then immediately that is than. 10. That is optimistic. We appreciate it. Listen to my Financial Reports three times a day on the Salem Radio Network for markets and business news. Now to the box office where no one moved to the top spot earning 44 million for paramount with the debut weekend, last weeks champion divergent dropped into second place. And moppets most wanted third place 11. 4 million. Their oscar winning movie frozen was the highest grossing animated film 1. 1 billion of world wide box office. V are coming right back. Stave with us. Obamacare final deadline day is here. And the website still is not working. Our guests this is the quicksilver cash back card from capital one. Its not the limit your hard earned cash back card. Its not the confused by rotating categories card. Its the nocategorygaming, nolookpassing, clearthelaneim goingupstrong, backboardbreaking, cash back card. This is the quicksilver cash back card from capital one. Unlimited 1. 5 cash back on every purchase, every single day. Ill ask again. Whats in your wallet . Gundyes n group is a go. Not just a start up. An upstart. Gotta get going. Gotta be good. Good . Good. Growth is the goal. How do we do that . I talked to ups. Theyll help us out. New technology. Smart advice. We focus on the business and they take care of the logistics. Ups . Good going. We get good. Thats great. Great. Great. Great. Great. Great. Great. Great. Great. all great i love logistics. Lou joining us now is the a team. Cofounder of the of magazine of rooster new york good to have you with us. Obamacare this day has arrived. Obamacare final deadline this is it. Until the next to delay for it is amazing the website still had problems is there no level of a garrison that is too much . Still the proper testing was done a matter how many people log dawn there would not have the issues . This was there opportunity you had one day and still could not make it happen is amazing. Lou hi watteau the National Media treats this as the Republican Party keeps saying repealed we will fix it but the American People seem to be anyone to all this with no outrage or cry for help. What is going on . Can you blame them . Title think the idea is that it of served if the illegal goes to the e. R. Behalf to pay for it. The already have National Health care in that sense so yes it is a good idea yes it does work in other countries but this administration is not competent enough to handle its and every day we see that is a fact. No matter how honorable the motives are they simply are not smart enough to pull him off. Also people are not on the site. Young people, people have not paid for the cerebus. To save their all to dawn how to get there anyway. Let that other people buy it then i will get the next one. Dont you love that rationalization . Hear rave reed blames the stupidity of of older people unable to get on the site to buy really young people cannot get on and i am a lot more proficient than you. And then to say the reason it is broke is so many people it is a measure of success not failure. This is the upsidedown world of. If you were so interested to promote the success how many people paid or had insurance before . How many that this whole system is about to collapse . If you want to promote obamacare of bank is specific. Click amazon. They are prepared. Every other but site can handle this. Lou there are two areas in our society but never a discussion of the efficiency or productivity. One there is never that discussion and the other is government. It is a metric that is alien that they but have to be efficient. That is the problem with government. There is to separate worlds were not getting enough funding we barely have this much but then in another universe there are test scores over here and they are exclusive window understand that productivity and success have to be linked to how much money we get. Also people are not outraged there seems to be a lack of awareness this is there money that is our money. For some reason i dont know that is the way taxes are taken out but people are not aware. What has obama ever done . As he worked at a gas station . He has only raised other peoples money or community fundraising. Lou with each passing year with a smaller and smaller foundation for the very nation because the American Dream presides with the middleclass. They are losing jobs. There is no one speaking to them. Republicans are talking about big business. Not working men and women but multinationals as 3 trillion are not invested to create jobs in this country. The democrats talk about bringing in more voters across the border or registering more voters by spending on obamacare. I cannot believe theyre not registering. [laughter]

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