Skip to main content

tv   Stossel  FOX Business  November 7, 2014 12:00am-1:01am EST

12:00 am
everything has so much fineprin. john: well, this didn't happen too soon. what does it mean for the country? good question. republicans promised to repeal obamacare. >> it's kind of none of your business. >> so how that libertarians do? >> it's time to vote for me. >> you're going to khosrow publicans the senate enacted.
12:01 am
>> but why didn't any libertarian when? >> i'm a libertarian because i know i'm not smart enough to run your life for you. john: so what did this week's election mean for liberty? that's our show tonight. john: we now have divided government and as a libertarian i say yes to that because when government is split, politicians can't agree with each other. they increased spending and they are less likely to mess with my life. what else did the midterm results mean for freedom? here to debate that is our liberty loving panel, columnist deroy murdock, katherine mangu-ward and austin petersen, who runs the libertarian website libertarian republic. the website features this shows
12:02 am
topic this week. >> i pull data from the cato institute which look that divided government. we may be going into the most libertarian next two years that we have seen in a long time. the type of government was a democratic president. and this is actually where we get the smallest amount of government growth. .4% per capita. versus one-party and then the government grows by about 3.4%. when you have divided government, it goes 1.5. we are preparing to have a major slowdown if past trends indicate what the next few trends are like. john: we want to work with obama and find public areas of agreement. >> i think that what excites me is that there are 347 bills passed by the house that are gathering dust on harry reid's desk right now.
12:03 am
and then he can decide whether he wants to have the reputation that he has now, which is terrible and thinking, or have a better reputation. generally these are bills that are designed to spend less and reduce the regulations on the economy, make it easier for people to start companies and have them prosper. at lease these things will be up to him whether he gives us a chance to break or move forward or if he continues to do it, which is to obstruct human freedom and go further down in popularity. >> i would like to imagine that there is this pile of liberty loving bill somewhere. unfortunately, i think that is usually not the case and republicans have a way of breaking libertarian hearts. we are the redheaded stepchild of the gop and always will be. the idea that divided government slows growth is good to hear. but at the same time the agenda that republicans love to talk
12:04 am
about, we are going to shrink government, make differently for small business, somehow it's all forgotten. john: we will interview a libertarian candidate who lost later in the show. why do they always lose track they did better this year. >> you actually have to spend hundreds of thousands of dollars just to get on the ballot where his republicans in democrats don't have to jump over these hurdles. have this idea that we're going to spread it overseas. and we need to solve these problems and allow more ballot access. most americans say that they do like having a third-party. >> we do have a system that encourages people to try can work within the two existing parties. i think that we do have sort of a range of libertarians that have even the slightest bit of hope, whether it is marijuana
12:05 am
legalization or economic liberty, they are going to go to the party where they feel at home and frankly i do think that we are seeing some parties towards a libertarian platform. >> we also have the pragmatic concern, which is if you vote for a libertarian, you might not get the libertarian that he won. and i've seen some figures that have showed this in virginia, getting about 20,000 votes. most of them would have voted for gillespie for senate. he lost a little and if those people would've voted for him, it could've showed a lot of liberals voting for him. we will come back and some say that republican control of the senate needs expanded boots on
12:06 am
the ground and some are okay with that, but most of us are not. >> we have a lot of this going on today. i don't see how having mcconnell and the republicans would give us an obama any more opportunity to be there than what we have today. >> i think that what he is saying is something that is true, you know, the gop and ron paul don't line up perfectly even though he served as a republican. but the idea that somehow we are going to wind up with a more warlike presence abroad because of the gop. and democrats like war as well. >> i would like to agree with the congressman. the great doctor that i respect and i think that he's wrong. the reason i think he is wrong is because he's not looking at our energy security and in the
12:07 am
next decade they are poised to become the leading energy producer. the biggest problem that we have has a lot to do with the american presence overseas, guarding pipelines, wanting to maintain private property rights and corporations overseas, maybe they should take those burdens on themselves and maybe they won't have to if they find the keystone xl pipeline. but because of natural gas, we are poised to become the leading energy producer. that's exciting and will result in better things. john: exit polls say government should do more. 41% say that they are doing too much. i was happy to see and so i went back 20 years and saw that it's about the same that people have said before. twenty years ago they said we had stimulus, bailouts, cash for clunkers come and another trillion dollars in spending. and so i think a lot of people
12:08 am
have looked at what has happened, which is who is going to come in and show that government can reach this. i think people need to look at the scandal with the irs, the inability of almost any program to work. a lot of them have thrown up their hands, they've spent this money and spend a lot of time on negative results. and unfortunately what the polls actually show is that they want the government to do more of the things they want government to do unless of the things they want government to not do and not cost any money. and of course we all like to read this and see that the american public finally sees that i'm right about everything. [laughter] >> other good news, ballot initiatives. legal marijuana, alaska oregon and washington dc, passed by big margins. >> the biggest deal is in
12:09 am
washington dc where it is illegal it's legal in the district. and the coolest part of the story that nobody's talking about is that the congress has oversight over the district of columbia and they have a special oversight committee that is dedicated to taking care of municipal issues in the district of columbia. guess who sits on the committee who is the most marijuana friendly politician in the congress. john: he's not a big illegalize her. >> he says that the government shouldn't interfere with legalizing it. >> sewickley got the entire congress high two. john: i don't think that that will happen. >> are they not high already? john: nebraska, south dakota, you would think that this would be a bunch of conservatives that
12:10 am
would support economic freedom. >> and minimum-wage increases, this is something that all economists will say that there are real costs of this when you pass an increasingly minimum-wage and you wind up with lots of people who can't get jobs. it's very simple economics 101. and this is something that is the danger of the ballot initiative herriot and there was a campaign ad who said we don't have any jobs. minimum-wage increase and you're going to raise a wage that doesn't exist enact. >> the people that are going to get this increase are definitely going to go vote. but those are going to get priced out of the market place and they are not going to vote. john: they don't know that they are being priced out of the market place. >> that they say that we are just going to lower the hours
12:11 am
and then you are where you were before. >> final ballot initiatives. the gml, labeling provisions and they failed in oregon and colorado. but they were really outspent by the industry and i think again they say oh, yes, this is scary stuff. >> the left has been very good at talking about this stuff. and that has been taking it and grafting it together and we have been doing that since agriculture and animal husbandry. so this is nothing new. and no one can ever point to anything for women someone has gotten sick due to age emo food. >> there has been a great surprising coalition on this issue. in oregon, they came out against the gml labeling rule and they
12:12 am
said it was because it was sort of an underhanded way of forcing corporations to behave. and this is i think -- you would associate with a kind of crunchy granola, let's be scared of jia most. what actually happened is that if we want to ban us, let's do that. let's not do it by forcing this labeling, which is misleading and ultimately will confuse consumers. >> the democrats are always like, republicans are not a part of the science, they believe in creationism. ban the gml is, even though we have all of this science behind it. >> when you get people to focus on the trivial risks, it is not good. john: file is with the hash tag midterms were like our facebook page as you can post on the wall.
12:13 am
and coming up
12:14 am
12:15 am
12:16 am
>> we are back with our
12:17 am
libertarian panel. i often vote libertarian and i built vote for people who don't win. there are people here who yell at me for that thing that those candidates steal votes from the publicans and would be better than the socialist democrats. so what do you say? >> i think that there's an insane notion that somehow republicans and democrats are entitled to all the vote and that you are taking away these votes that were rightfully theirs. they are not entitled to a single vote. this is when people talk about tax cuts is being decreased revenue to the federal government. but it was never their revenue to begin with. john: and coulter says that the republicans didn't win, we would be living in obamacare concentration camps. >> i think that her argument is the argument against so many things. >> i don't think we have to worry about this but as i settle earlier, we do have in virginia the situation where a libertarian got about 23,000
12:18 am
votes, and even higher than. and leaving that they are behind, and i think most of those libertarians probably would've voted otherwise. >> you would think that, but the exit polls did his votes came 4% from liberals, 2% from conservative. >> with a lot of people in between may not fall into either of those categories. >> that's why he has always been wrong about this. see you can see that liberals are the ones that are voting for libertarians and we don't quite know why. we do know that in this case, when he was running, someone spend $225,000 trying to get democrats to vote and they didn't spend that money on the republicans. and so something is going on here and i think it's actually a bipartisan issue. people are saying that we hav the ss th leralreal re about anenomi frdom and personal liberty. >> you also have the governor's race in virginia, can
12:19 am
traditionally was very close and i think he won seven or 8%. and so then you have a call if he's a far left democrat and obviously one of the biggest in the clinton machine and he's in virginia, which is a big swing state. so i don't see how that does anything for human freedom. >> somehow this gives the idea that republicans are somehow entitled to the libertarian vote. but they have a platform that pulls from this as well. >> i like the advice with buckley junior, that you should vote for the most conservative candidate to win. i think that libertarians should vote for the most libertarian candidate that can w, h wa uenup there. unfortunately the wasn't that person signs, you can have problems. john: let's talk about this. you have to vote, your hero if
12:20 am
you vote. lena dunham on the planned parenthood website said it's more effective than ecstasy or cheesecake. if fewer people vote in this election, only a third of the eligible voters voted. people might come to depend more on personal initiative and less on untrustworthy and power craving strangers and more on real friendships and less on the fake asta affectation of politi. >> i think that there is an idea where everyone should vote all the time. i spent some time in colorado taking look at the ballot system and everybody got a mail-in ballot, not just the people that requested them. people go to the post office and look at the ballots and then throw them in the garbage. they actually took a picture of six ballots pulled out of the trash in colorado.
12:21 am
>> those people aren't paying attention to those issues. >> is a really dangerous situation. >> i think the idea that somehow voting is praiseworthy or a requirement to be a good citizen is a dangerous idea. i like to think of myself as a good citizen. libertarian notwithstanding. but i don't vote for two reasons. personal because my vote is not actually going to influence the outcome of an election and elections are not decided by a single vote [inaudible] but more importantly it is that the incremental value of my vote is so much less than even tweeting something on election day, sending that would be a better way to participate and to bother to drive to the ballot box.
12:22 am
>> we are out of time for this. we will come back to you later and you can talk more. who is best at predicting election results? not these guys. >> we are going to hold the senate two the democrats couldn't hold onto the senate. >> so i will tell you where you can go instead. can go instead. to get better ppppp
12:23 am
12:24 am
i'd just gotten married. i was right out of school. my family's all military. you don't know what to expect. then suddenly you're there... in another world. i did my job. you do your best. i remember the faces... how everything mattered... so much more. my buddies... my country... everything... and everyone i loved... back home. ♪ [ male announcer ] for all who've served and all who serve, we can never thank them enough.
12:25 am
♪ so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates.
12:26 am
>> before this week's election, did you think republicans would do as well as they did? did you believe the pundits? remember those confident predictions from last election? >> romney will win this election by five to 10-point. >> we will see a landslide. >> this year it was democrats. >> are you going to lose the senate enact. >> no, we're going to all the senate. >> democrats could hold onto the senate. >> everyone engages in wishful thinking, which is why we in the professional media like to rely upon scientific holes.
12:27 am
except that they aren't so great either. the new hampshire primary in 2008 showed candidate president obama was up 8%. but then hillary clinton won. in maryland this year, most gubernatorial polls had the democrats up double-digit. that the republicans won in many polls this year. they underestimated performance by 44%. fortunately, we don't need to rely on polls anymore because her something better, prediction markets. they allow you to bet on the result and all kinds of things. sports, the packers are big favorite. you can bet on american idol winners, academy award winners. >> thank you so much, thank you. >> picking every nominee correctly. they also let you bet on future elections and the resulting odds
12:28 am
are more accurate predictions projections of future events than polls or pundits trade before this election, it says there's an 89% chance that republicans would take the senate. american pollsters and statistical geniuses that analyze them, like nate silver of fivethirtyeight, the huffington post, the daily post, the election consortium and someone, also predicted that republicans would win. but it was more certain, all that "the washington post." in previous elections is betting site was more accurate than the experts predicted again and again. study showed that it had half the margin of error of national polls and in 2004 the odds correctly predicted every state in the presidential election and
12:29 am
in 2012 they had obama at above 90% while the pundits were still saying, oh, it's too close to call. my colleague didn't like that. >> i think that they should stop because the gallup poll tells it all. i've rated at 51 to 45. john: of course, printer was right and gallup was wrong. of course, it no longer exists. because american regulators shut it down, cleaning the prediction market are contrary to the public interest because they were unregulated. fortunately, prediction markets are still legal in europe, which was gave me those betfair numbers that i showed you earlier. the betting results still applies to american elections. some good news, just last week the regulators did approve one not-for-profit prediction and
12:30 am
the catch is that the american regulators limited how many people can bet and how many, they can be no more than $850 each. the regulatory limits are just stupid and they make the polls less accurate and they deprive us of accurate information. because prediction markets work better for two reasons. the first is that there is wisdom in crowds. >> you see this when contestants are stumped, they can call an expert or pull the audience. the audience is not made up of geniuses, but a study found that they beat the expert and the audience got the answer right 91% of the time and the other reason that prediction markets are more accurate is because people bet. they put their own money where their mouths are. and that focuses the mind. so what if did the prediction markets say about future
12:31 am
elections? that there's a 40% chance that hillary clinton will be america's next president. 40% but that doesn't mean there's a 60% chance that republicans will win, you could it could just be another democrat or maybe hillary won't run. and on the republican side, giving jeb bush, mitt romney, marco rubio, and chris christie each a 10 to 60% chance to win the presidential nomination. and so in two years we will see what happens. coming up next, back to this election, republicans made lots of promises and will they keep them? the senator says yes, we will coming up
12:32 am
12:33 am
12:34 am
12:35 am
john: republicans control both
12:36 am
houses of congress, what difference will it make? i keep hearing that republicans will repeal obamacare and stop spending and reform the tax code. but i've heard stuff like that before. republicans said that they would reduce spending once in power, but once they gain power it was not the case. will this congress be different? mike lee said yes. tell us why. >> winston churchill once said that the american people can always be counted upon to do the right thing after they have exhausted every other alternative or a rehab exhausted every alternative and that's one of the reasons it will be different this time around. >> so no one is talking about repealing all of obamacare. they save you get you'll get rid of the medical device tax. and that has put us deeper in debt. >> i want to point out first ball that a lot of us are advocating to repeal obamacare in its entirety.
12:37 am
and it's almost certain to be vetoed and i think it's important to do. we need to further the national dialogue about whether or not this health care law is working and we don't think it is really think that obamacare is making health care less expensive and it's interfering with the ability of individual americans to get access to the doctors if they come to trust over the years and putting decisions that should be made between doctor and patient and putting authorities in the hands of government bureaucrats in washington. [talking over each other] >> i still think it's important. and that still needs to happen, this needs to be a part of the national dialogue. part of the process is coming up with a replacement for obamacare which hopefully we can get past after the election cycle. as well as being signed into law. the time will come when we will need to coalesce around a table replacement plan for obamacare and right now we need 10 or more
12:38 am
plans with competing ideas. john: will we get keystone xl approved? >> yes, i think that we can. this way we can get that done and get it signed into law. the american people have been waiting for this and there's a lot you can do for our economy needs to happen. john: will you cut corporate welfare like farm subsidies and the ex-im bank? >> i think there is no more important place for us to start than with crummy capitalism. you've mentioned some of the programs that i think that we need to be authorized, including the export and import bank. if we are ever going to reform government and reform the welfare system, we have to start by getting rid of corporate welfare and these are examples of that. >> you have tried to create
12:39 am
requirements for welfare recipients and you've made a proposal that will go through? >> i would like to see it go through with the signature of it into law. but you have to start somewhere and i think that that somewhere is right now. and we have a lot of americans who are trapped in poverty sometimes for generations at a time as a result of bad government policy that punishes people on welfare for working. if instead we could turn it around and how to encourage people, it would help make poverty temporary rather than tolerable. getting the government out of the business. >> you have supported some things that i consider anti-freedom. you want to ban online gambling, you're against gay marriage. >> let's start with online gambling. if the decision is left up to the states regulations.
12:40 am
in today's modern era i think it is important to preserve it in the states the right to decide within each state's boundaries whether or not to allow gambling. but we have a federalist that you'd that would prevent the internet from becoming a conduit for breaking down each state's right to make this decision on its own and it previously served that purpose but the obama administration has interpreted it out of existence. >> if you have a choice you would ban internet gambling? >> well, gay marriage is an issue left to the states. until very recently, federal courts are being sold and telling states that they don't have the right to make that decision. but that is not a federal decision and there's nothing in federal law or constitutional law that tells us that a state may or may not recognize a
12:41 am
particular type of marriage. john: i would love to continue this more with you if we had more time. but we don't. thank you so much senator. >> coming up, the libertarian panel will say why he's wrong or ♪ music ...the getaway vehicle! for all the confidence you need. td ameritrade. you got this.
12:42 am
12:43 am
12:44 am
12:45 am
john: we just heard from senator mike lee about all the great things the republicans will do now. you believe them? let pass our liberty loving panel. editor of reason magazine, katherine mangu-ward. and austin petersen. >> you know, the senator has a fundamental misunderstanding of the constitution if he says that he can ban online gambling and call himself a federalist. because the bill that he would discuss which he teamed up with senator dianne feinstein and lindsey graham on, it would have been online gambling across the united states. is this limited government conservative or not they match. >> i would think that it's a personal freedom issue. he didn't really talk about the drug war.
12:46 am
>> this is a reminder for libertarians that even when you think -- i mean, this guy is pretty dead. he's a kind of libertarian guy, and yet when you hear him on these issues, suddenly he sounds like a typical republican. i'm against this, i'm against drugs and gay marriage. >> republicans have some good ideas. they say corporate welfare, we will try to get rid of that, the obamacare, it will be different this time. >> i think it's a good idea if they think that obama will beat these things. all of us will debate it and what have you and i imagine that obama will veto it. and i think it will advance the arguments and i think it's good for public debate for all of us to take another look at this and explain and i think it's very
12:47 am
good for the ultimate unraveling of obamacare to have these sorts of things. >> i fear that they are just going to get rid of the things that are unpopular. >> they are going to get rid of the panels and that's with a said today. we're going to pay for this and not for that. >> it's going to be end -- it would end up as being a part of this. it's good to get everyone on the record, but frankly everyone is on the record. if we do go through this entire process, it's weeks and weeks on the floor, everyone making speeches directly into the record that no one is going to watch in real-time. it's political theater with perhaps a little bit of fiscal downside. >> i think that what you will
12:48 am
see is when you have the obamacare repeal act with all the gop on it, the democrats would top to bottom. but you say what about purchasing and medical malpractice reform. >> they get most of their money from lawyers. >> some of them are going to vote for it. you can have any number of different aspects and i think he will see the republicans and democrats on a bipartisan basis opposing lot of obamacare and that is going to chip away at the support for it. >> i just want to say that obamacare, the premiums went from $97 per month to $240 per month and i lost my health insurance because of that. but let's not forget that he held senator mike lee to the fire on gay marriage. remember, he is a constitutional scholar and maybe he should read the constitutional amendment.
12:49 am
if you and i can get married, why can't our friends do that. >> i hate to tell you that we can't get married. [laughter] enact even more fundamentally than that, why is the government involved in marriage at all to it's not the governments business to begin with. >> they have actually said that on the record recently. and that is a new development. >> separation of marriage and state. >> they want to track us. >> the fact that a politician would say that out loud is progress. >> i'm just hearing what people say okay, maybe we are doing too much. spending is the problem. am i deluded? is this new? >> i think that the government isn't able to focus on something said we agree. the federal government is busy writing federal standards.
12:50 am
they can't leave ceiling fans alone. my goodness. even a million things. john: coming up, the man that and coulter says that she would like to kill
12:51 am
12:52 am
12:53 am
12:54 am
>> you know, what worries me is the state thinking they can come into my bedroom and judge my marriage. get out of my bedroom, you pervert. >> yeah, you politicians, get out of most of our lives. that was a campaign ad for north carolina libertarian senate candidate john hall. he lost on tuesday, but he did get 4% of the vote almost and ann coulter said that she would kill him if he cost republicans the senate. he didn't and tom tillis defeated kay hagan. he joins us now. would you feel bad if you had swelled up for the republicans? >> i'm feeling great, and it wouldn't bother me at all. the whole spoiler. to me is complete nonsense and based upon this notion that all that matters is what goes on underneath that dome in washington dc, while i'm trying to talk to people in the checkout line in the real world. i think that people responded to
12:55 am
me because i'm a regular working person. >> you don't think the republicans would be less disastrous than the democrats? >> they had the opportunity before and they didn't do a lot with it. i represent a lot of people including libertarians and have given up on both parties and don't count on them for everything. there's a lot of feedback that i got was said that i gave them a reason to show up to begin with and that they would would not have voted for either candidate and were happy to have an alternative. >> i think that the exit polls shows that they brought in a bunch of people who wouldn't have voted for anyone. >> that's right, i campaigned on issues to stop spending more money than we had and try to talk about common sense perspectives that people would look at. >> would you have not attacked afghanistan after 9/11? >> no, i don't think anyone would have minded if we win after the actual perpetrators but instead we use that as an
12:56 am
excuse to enter into this perpetual war throughout the entire region, which is not working. and we have this new campaign in iraq and syria and people look at them and say why should that work on its never worked before. >> so you ran these ads, low-budget campaigns, holding craft beer? >> i wanted to present myself as is a regular guy that you could sit down and have a beer with. and i wanted to do something that would get people's attention. you don't see candidates drinking beer too often in their own ads. and the first ad that i did, people notice that i was drinking exactly what kind of beer and i thought this is an opportunity for me to promote north carolina craft beers and so i used that for all the rest of things. >> so by trade you are a pizza delivery man? i'm going back to work on friday and i can't wait. i'm looking forward to it.
12:57 am
it's the exact opposite of politics and its simple and honest work great on providing a tangible service to people and then at the end of the day i'm done. i don't have to worry about what was left undone and i don't have to look past any of my allies to just deliver a pizza. >> you don't hear that often from politicians. let's talk about your exit polls. 4% of liberals voted for you, 2% of conservatives. and more young people, 9%, only 2% of the dean overcrowd. and even fewer, 1% of the over 200,000-dollar earners. civil libertarians aren't just plutocrats. >> in fact, i think it's just the opposite. we are the people that live in the real world rather than the world that we see on tv all the
12:58 am
time. they saw that i was offering solutions that would help them in their daily lives to let them keep all the money that they earned. as well as to stop this, i think that part of it is to understand the way that i ran my campaign, if you put it in this, a lot of the issues sound like they are out on the left and there are democrats that are just as discontented with their party as they are among republicans looking for an alternative. >> you believe in economic freedom? >> absolutely, but i think everybody wants economic freedom. there are a disproportionate number of people that want to raise the minimum wage. >> i think that's because there's a less important issue in the issues that i were talking about. fiscal sanity, having government take less of the wealth. and to stop this and i think that what happened -- i'm sorry, i lost my train of thought there. >> thank you. he posted a bunch of videos on
12:59 am
youtube and my favorite was this one. >> i'm a libertarian because i know i'm not smart enough to run your life for you. >> guest if only more politicians understood that. you're not smart enough to run my life. in his book, the fatal conceit. the curious task of economics is to teach man how little he knows about what he imagines he can design. republicans and democrats now spend more than 3 trillion of your dollars trying to design your life are you most of what they do hurt their lives. maybe this new group will be different, they will do say things that sound good. for example they perform the tax code so american companies don't flee the country. >> all of these great companies have money overseas and they could bring them home and stimulate the economy and we could have a boom like we haven't seen in years. >> yes, we could. prosperity is what happens when government keeps the peace and
1:00 am
otherwise leaves people alone. maybe the congress will do some of that. that is our show and see you advertisement from starvista entertainment and time life. these are the country hits we remember. played on jukeboxes across america. (charlie rich) ♪ and when we get behind closed doors ♪ (glen campbell) ♪ i am a lineman for the county ♪ ♪ and i drive the main road (kenny rogers) ♪ and she believes in me ♪ i'll never know just what she sees in me ♪ from glen campbell to kenny rogers. from patsy cline to george jones.


info Stream Only

Uploaded by TV Archive on