tv Risk and Reward With Deidre Bolton FOX Business December 1, 2017 5:00pm-6:00pm EST
information i currently have to deepen the debt burden on future generations. i can't stop myself from spending. wait, that wasn't part of it. connell: you have seven more seconds. melissa: no. connell: that does it for us. what an hour. take a deep breath. "risk and reward" starts right now. liz: picking up on the breaking news, senator bob corker will now vote no on the senate tax plan that senate majority leader mitch mcconnell is expected to come to the senate floor, possibly getting more clarity on status of the tax bill. we'll bring that to you as soon as it happens. senator corker a no vote. a dramatic 350 point drop triggered by washington wash turmoil. turbulence, triggers by former national security advisor michael flynn pled guilty to lying to the fbi cooperating in the russian probe but the major
averages retrace as senate republicans started whipping votes to pass tax reform. we have an all-star guest lineup to break it all down. north dakota senator john hoeven. legal eagle curt and lieutenant-general thomas mcinerney here tonight. i'm liz macdonald. this is "risk and reward." >> michael flynn will plead guilty to make false statements to the fbi. do you think that has anything to do with the downside move in stocks? >> if general flynn had been charged an convicted for all the crimes the government has evidence against him, he would face 60 years, six, zero years in jail. as a result of the guilty plea that has been reduced to somewhere between six and 12 months. >> did he make a deal? >> i think there is no there there. >> we turned that around. dow industrials up one point. >> corker and flake are still on the fence. >> james lankford is now a yes
vote. this is selloff. >> jeff flake who was holdout on the tax bill, we are getting word he will not be. he will be a yea vote. that would seem to indicate senator, there are enough votes there to get this thing passed. >> i think we'll get this thing passed. >> the market reacting to lots of news because it nervous. >> off the extreme lows of the day. we were down better than 350 points. now down 63. these are fast market conditions and violently swinging ones. liz: the dow in a roller coaster rise, down 350 points, retracing before ending down 40 points to 24,231. with all the turmoil is it is best week for the dow and dow transports as action was really hot on the tape. dow broke down below 24,000 earlier after an abc news report that michael flynn will testify that a top trump official now
thought to be jared kushner or steve bannon, among others directed michael flynn to make contact with the russians. to capitol hill where senate republicans are getting ready to close out the vote on tax cuts that will give money back to middle-class americans. senate majority leader mitch mcconnell saying that they have secured enough votes to pass the landmark 1.5 trillion tax package after making a few final deals to get waivering senators on board. the news breaking moments ago. senator robert corker a no. with latest on today's market moves, nicole petallides on floor of the new york stock exchange. nicole. >> you summed it up really well, liz. a market with wild gyrations from top to bottom. it was a 400 point swing. we have in the seen that kind of action since "brexit," the british exit, since last june of 2016. we were up about 50 points. all this news broke about flynn and him possibly talking about
president donald trump. that weighed on markets. we were down 350. the traders, some of whom are saying, well, he said/she said. i don't believe it. i'm buying. some were taking money off the table and taking profits thus far. we had a great 2017. only to come back by end of the day, finishing down just 40. the best week of 2017 for the dow jones industrial average. do not lose sight of the big picture. the dow up 2.8% for this week, and a winning year at that with so many names doing so well, you could take a look there. the dow and the s&p having a winning week on wall street. i also wanted you to take a quick peek at some tech stocks which had tough week for most part, the semiconductors. they did sell off. they came up off the lows. amazon down 2%. alphabet google down 3%. facebook down 4%. traders are good reacting to each headline. that is why you saw the
volatility and they're prepared for tax reform. optimism on tax relief and that is what it is all about, having better rates for corporations so they in turn can boost the economy and labor and -- liz: thank you, nicole. thanks for coming on. now to capitol hill on the tax reform vote. capitol hill senior producer chad pergram is in middle of action. what is the latest on the vote? >> the absolute latest we pretty much know what the vote count will be. we don't know whether they vote later tonight or perhaps after midnight. the reason we know the vote count here in the past ten minutes we have gotten a statement from bob corker, republican of tennessee. he is the last holdout. he will be a no vote. i will read you statement off my phone here. this is yet another tough vote. i'm disappointed. i wanted to get to yes, past tense, but he couldn't. he said he called the president united states and told him his position and so we're thinking wee have a 51-49 vote sometime
later tonight. someone who was able to get to yes is jeff flake. once we saw jeff flake, the republican senator from arizona was in the yea column we pretty much knew they could pass this even with a tie with mike pence the vice president, breaking that tie. senator flake indicated that he got some as shunses they would address daca later on. he was concerned about deficit reduction, exploding debt with tax cuts. he was pleased with what he to the. let's listen to what senator flake had to say. >> i think with the regulatory changes have been made. with this tax policy, particularly the corporate rate, bringing it in between 25 and 20, right now all the way at 20. we don't know where it will be at the end of conference. somewhere in there we have to get .4 of growth to cover 1.5 trillion. according to joint tax, it brings it down lower than that. i am confident.
>> often said in the united states senate the thursday fates of progress are able to determine the friday fates. a lot time on thursday you know they get out because they warm up planes and cars, head home mid thursday afternoon. friday night. this will be a late one here. we're expecting senate majority leader mitch mcconnell to come to the floor anytime in the next 15, 20 minutes, we hope, perhaps lay out the asked you, what they have to do, is get this final perfecting amendment which makes all these modifications. senators have to read it. they are clearing it with the parliamentarian to consider tax reform. sometime before midnight or after midnight, they expect to pass tax reform probably 51-49. liz: good to see you, chad. thanks for coming on. national security advisor michael flynn pleading guilty to lying to the fbi. he will cooperate with robert mueller's specs counsel. we have ashley webster.
ashley. >> michael flynn was under emotional pressure. he was feeling financial concerns. in the end he decided to flip, cop a plea, admitted lying to the fbi back in december about his contacts with russian ambassador. the russian ambassador to the u.s. flynn did release a statement after his appearance in court saying in part this. extraordinarily painful to endure months of treason and out rage just acts. i recognize the actions i acknowledged in court were wrong and through my faith in god i'm working to set things right. in those court document, liz, flynn claims unnamed, very senior official in the trump transition team directed him to contact countries including russia regarding a ruin vote on russian sanctions and and vote on israel. after the white house actions they said this about mike flynn through their white house lawyer ty cobb who said in part the false statements involved mirror
the false statements to white house officials which resulted in his resignation of february this year. nothing about the guilty plea or the charge implicates anyone other than mr. flynn. now, liz, earlier this afternoon, nbc reported that senior trump official was indeed mr. trump's son-in-law jared kushner, who directly told mike flynn, hey, call the russians and talk to them about this resolution on israel but we're now getting reports that sources say that wasn't the case at all. that kushner was one of many people in the room saying look, we need to get countries together to try to delay or even block this resolution against israelly settlements on the west bank. it was not kushner alone that instructed mike flynn to do that question is how much can hurt the president. at this point, not a whole lot, liz. appears yes, contact was made. not forget bob mueller's special counsel investigation is about trying to link russia to the 2016 election and collusion,
alleged collusion of the trump campaign to the russians. so far no link has been established. liz: thank you, ashley. great reporting. see you on "varney" on monday. he was balking but now arizona senator jeff flake says he will back the republican tax plan, giving republicans 50 votes needed to pass the bill. again senator robert corker is a no. north dakota senator john hoeven joins me now. senator, we're in the sausage-making phase. what is next in tax reform? >> we're voting amendments yesterday and today. essentially now we'll get manager's package. there will be final amendments. the only question how late we o tonight. we believe we have votes to pass the tax relief bill. liz: why you surprised with senator corker's no vote? >> a little bit. i actually thought he would be on board. i think we're very conservative in revenue projection growth. i think it will be well more than what we're projecting.
i didn't think we needed tax triggers or anything like that anyway. even still we built in additional measures. for example, we took the repatriation tax rates to the same as the house bill, which probably would have happened in conference anyway, which adds further assurances we'll more than cover the the cost of tax i thought he would be there. i guess he decided not to. liz: what is effect of that? what is the ramification? will it cause other republicans to go wobbly and get weak kneed? >> no. liz: will republicans ignore that and any democrats come on board to vote yes for tax reform? >> no, it doesn't look like we'll get democrat votes. we'll have the republican votes to pass the bill through the senate. we'll see, we may have to go to conference. in any event, to me we're on track to finish it before year en. liz: give me reaction to michael flynn pleading guilty, lying to the fbi and cooperating. >> in general we were aware, obviously that he had not told
the truth but in terms of overall, we have got to get the facts. i don't think we can speculate. that is of when what the investigation is all about, get facts, and investigations done on bipartisan basis by congress. liz: it is one count of lying, right? if there was a conspiracy here would robert mueller hit him with conspiracy charges right now to get him to cough up the goods? >> clearly general flynn is in trouble but we knew that. and so that's still the case. and beyond that we're speculating. you know, obviously let's deal with facts. >> thank you, senator. thank you so much for coming on. >> you bet. thanks, liz. liz: we a way waiting senate majority leader mitch mcconnell. he is going to take to the senate floor momentarily. he could possibly give more clarity on the status of the tax bill this will have major impact on your wallet. we'll bring that it you live when it happens. remember when president obama told russian officials after the election he would have
more flexibility dealing with russia? my next guest making the case that michael flynn is no more guilty than our last president. he is attorney curt slicter. don't go away. ♪ [lance] monica, it is absolute chaos out here! gale force winds, accumulations up to 8 inches... ...don't know if you can hear me, but [monica] what's he doing? [lance] can we get a shot of this cold front, right here. winter has arrived. whooo! hahaha [vo] progress is an unstoppable force. brace yourself for the season of audi sales event. audi will cover your first month's lease payment on select models during the season of audi sales event. right in the heart of the was in his financial crisis, and saw his portfolio drop by double digits.
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liz: we are in breaking news mode. we're awaiting senate majority leader mitch mcconnell to take to the senate floor. the senator could possibly give more clarity on status of the tax bill. we're monitoring this. we'll bring it to you as soon as the senator comes out. back in february president trump had this to say about michael flynn. >> i said i looked at information. i don't think he did anything wrong. he think he did something right. he looked into the information,
lu, that is fine. he didn't just call russia. he called and spoke to both ways, i think there were 30 some odd countries. he was doing the job. liz: joining me now attorney curt slichter. good to see you. >> thanks for having me. liz: obviously wrong for flynn to give false information. he could have refused to speak with him. talk to me about this, if there was any evidence that flynn had the good trump would dial back on russian sanctions as payback for hacking into hillary, wouldn't that be a bigger whopping gigantic conspiracy charge, small potatoes, lying to fbi agents charge to get flynn to cough up? >> absolutely. i don't remember when i wrote a brief that small. it was what, one 1/2 pages? it was really nothing. if he had done something wrong, in the underlying action, if his, if he had somehow colluded with russians of which we've seen zero evidence in a year of this nonsense we could have seen
it today. what we saw one instance of lying to the fbi. let me give viewers, free legal advice. don't talk to the fbi. talk to your lawyer. exercise your rights. don't lie to the fbi. talk to your lawyer. don't lie. goodness. liz: especially with fisa warrants and wiretapping, they had the conversation already. >> absolutely. liz: isn't that what the incoming nsa skaggs nauert advisor supposed to do have meetings with russian counterparts? if this was bigger, what about the rinky-dink charges against paul manafort with nothing to do with the election. >> the fact is it isn't bigger there. is nothing there. there is nothing wrong with the national security advisor doing national security stuff, especially an incoming one. everything he did was absolutely legal. we know that because we haven't seen any charges for it. and we won't because it wasn't illegal. his crime was lying to the fbi.
it is heart-breaking to me. he is army officer of 40 years. today is the 30th anniversary of me joining the army. i feel bad his career has been tarnished by doing something he shouldn't have done. he stepped up like a soldier and admitted wrongdoing and i hope he regains some of the honor that he deserves. liz: curt, look at analysis coming out of "the economist" magazine. it is now saying "the economist" magazine, this russian collusion story is sheer lunacy. an eclipse of reason. listen to this, democrats blaming hillary clinton's loss on big bad, archenemy and russia, they and media beltway sound like russians and north koreans blaming it on america. inside russia the hacks were seen as pranks. your reaction to that? >> i think they're absolutely correct. this is a real problem for the democrats. i am not here to give my opponents, you know, advice but if i were going to, i would say,
you need to look at yourself. what were the reasons that americans didn't vote for hillary clinton? and it wasn't because russia spent 100 grand on facebook ads? that's crazy. you need to talk to normal american people. this russia think makes you look like lunatics. it is not panning out. at the end of the day, donald trump is going to be president until 2020, 2021 at least and maybe 2025 at this rate. get your heads together. start appealing to the american people. liz: come up with policies -- how do you create jobs? how about that, democrats? how will you create jobs? curt, we love having you on. come back soon. >> thank you for having me. liz: take a check on money. look at this. u.s. crude oil surging 1.7% today. it is up, settling over 58 bucks a barrel. it cut into the week's loss after opec extended output cuts. take a check of gas prices at the pump. closed on the day at $2.49. that is off 30 cents versus a
year ago. we are on this story for you. breaking news mode. senate majority leader mitch mcconnell is going to take to the floor of the senate. he will talk about some votes for the bill. he could give more clarity on its status. we're all over that story. liberals filling the airwaves with misleading and deceptive arguments about tax reform. we're bringing in "wall street journal" deputy editor, he is dan henninger. he runs that editorial page over there. he is going to debunk some of the most egregious, flagrant falsehoods after this. ♪ rt with that. first, let's take a look at your financial plan and see what we can do. ok, so we've got... we'll listen. we'll talk. we'll plan. baird.
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liz: from the white-knuckle ride in washington to the white-knuckle ride in washington, d.c., senator bob corker is no vote in the senate tax package. we're in breaking news mode. we're waiting for senate majority leader mitch mcconnell going to take to the senate floor, possibly give more clarity what is going on down
there. we're monitoring for you. we'll bring it to you as soon as the senator comes out. the senate voting on the gop tax bill. they are in the thick of it right now. democrats and media have reported several misleading arguments about tax reform. it has been pretty deceptive. watch. >> as long as remains a destructive force, it would be a waste of everyone's time to continue working with someone who clearly has no interest in coming to an agreement. >> they are doing something that is going to increase the debt enormously. >> i've been covering this a lot. >> a job killer. it is going to raise taxes on the middle class. >> here comes the republican tax bill, which would make a good situation worse. it is hard to comprehend how deeply unfair that is. liz: and we have msnbc stephanie rule johning this logic bomb just this morning. >> we don't have a huge manufacturing presence in the united states, and it is not
coming back. one of the ways you can look at that, what is the most successful, powerful company out there? amazon. americans made the decision that we want cheap goods and we want them quickly. they're made overseas. so to make this argument that companies need this to grow and pay people more, i turn you to the stock market. the dow has hit 24,000 and yes, it has gotten an extra boost because people are excited about tax reform but the market is doing very well because companies are flush with cash. when they are flush with cash, they're not paying employees more. they're doing dividends. they're doing stock buy-backs this is so dangerous, why would republicans want to sell this to the american people? when you think about who this helps, it absolutely does not help president trump's base. >> it does help wealthy republican donors. liz: there is a lot of problems with this analysis. for starters there is this, what msnbc ignores here, 54 million american people, they own
$5.1 trillion in 401(k) accounts. private sector and union and government workers own 26.6 trillion in retirement assets, including stocks and bonds. bring in "wall street journal" deputy editorial page editor, fox news contributor dan henninger. good to be with you, dan. >> good to be with you. liz: let's get to democrat and media falsehoods about tax reform. even before the bill was drafted they called ited a middle class tax hike. that got four pinocchios from "the washington post." 12% who don't, would see increase there, among the rich. >> yeah. i mean the people i hear screaming loudest about this tax bill, are very wealthy people in high-taxed states such as, blue states, incidentally such as california and new york, new jersey and illinois. states that raised taxes relentlessly over last 25 or 30 years, if you take away the state and local tax deduction, those states living in states run by the democrats are in for a big tax increases.
>> here is the second falsehood, there would be health care tax hike, repeal obamacare tax. that is repeal of a tax. that is tax on the middle class. the third falsehood democrats are screaming about blowing up the deficit, the deficit doubled under obama. they don't say a thing when bernie sanders talks about single-payer. they don't say a thing about obamacare blowing up the deficit. every time paul ryan tries to rein in social security or medicare spending they democrats say you know what? republicans you're trying to throw grandma off the cliff. >> that's right. my favorite portion of the clip you showed, elizabeth warren why go from bad to worse. love that bad, being previous eight years under her president barack obama. when we had no growth in wages, right? secondly, the most importantly, this gets to the details of this thing, very little capital investment. what the country need now is more capital investment and idea of behind this bill dropping corporate rate from 35 to 20%,
repatriating 2 1/2 trillion dollars overseas back to the united states, incentivize more capital invest, property and plant in the united states, expand businesses, put more pressure on the job market and thus raise wages. >> there is such a problem with the d.c. media beltway misleading american people. back to msnbc. what they ignore is that trade deals that the president is trying to fix to get those jobs back home. what they ignore is robotic technology that is affecting jobs. and could create more jobs. we don't know. again back to stephanie ruhle, isn't it amazon she made sound like she was talking about amazon as manufacturer. amazon gets basically 13,000 small businesses operating on a platform. they're here in the united states. they may get stuff in the united states but they're here. when they talk about wage growth being flat, she is not talking about compensation going up, 401(k)s, health benefit costs. what does she want anyway? bigger government taxing income
100% to create jobs? >> short answer, yes. that is what she wants. because what alternative are they proposing. whether her or elizabeth warren, you know, they have criticized this tax bill up one side and down the other. what is their alternative doing? we had the alternative with the obama presidency. they will pull back saying we're not participating at all in a major tax reform. i'll tell you something liz, i think they are running at great political risk doing this. the momentum is behind this tax bill now. it is going to pass. there are a lot of tax cuts in it, notwithstanding what they're saying f this bill succeeds in the way a lot of us expect it to over the next two, three, four, years, expand jobs, create more investment in the u.s. economy, and that economy expands, democrats will have no role whatsoever in having -- liz: where is msnbc's reporting on democrats non-policy about jobs? what is the democrat policy on job creation?
>> well, their basic policy spend a lot of federal money. drop money from the sky, stimulate the economy that way. we tried that with barack obama. it manifestly did not work. we had growth at less than 2% average for eight years. so they have no real alternative to pulling more money -- if they were honest and bernie sanders may be only honest democrat or socialist in washington, they would come out for basically nationalizing much of the private sector. liz: wow. >> we'll take it all to washington and we'll dole it out to everybody. liz: we were growing slower than europe. take the shot i guess is you're saying. >> that's what i'm saying. let's go. give it a try. liz: dan, thanks for coming on. great analysis. we're in again in breaking news mode. senator mitch mcconnell is expected to come to the floor between now and quarter to 5:00, he was supposed to come on at top of the hour. looks like he will be delayed for another 30 minutes. we're staying on this story for you because it is important to you and your money and your
families. and this story coming for you. a nation shocked as an illegal immigrant responsible for kate steinle's death is acquitted of murder, involuntary manslaughter, pretty much everything. now the department of justice filing an arrest warrant for jose zarate. our panel reacts after this. ♪ because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle. trulicity is a once-weekly injectable medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. do not take trulicity if you have a personal or family history of medullary thyroid cancer,
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zarate, the illegal immigrant found not guilty of murder in the kate steinle case who was shot and killed in july 5th if i have. the warrant unsealed in the western district of texas by the justice department. it accuses zarate of violating his supervised release. doj is also considering federal charges due to his involvement in steinle's death. >> this is a person who violated five times and kept returning. he was convicted multiple crimes including drug crimes. this person shouldn't have been on the pier and kate steinle would be here today if he hadn't been. liz: let's bring in the political panel. we have eric schiffer "washington times" contributor. good to see you both. san francisco, where the shooting took place. it's a sanctuary cities. you could say this started debate over sanctuary cities. is this verdict a just one?
>> based on what the jurors had to consider, the charges logged against him and you know, that may have been, it may seem like it was just but to most americans it is unjust, that a young woman shot and killed by someone who should not have been in this country legally. we need to reassess and insure congress is considering what to do about our immigration policies in general to insure at that people want to come here do so through legal means and owe bide by our laws. we're a nation of immigrants but we're also a nation of laws. liz: president trump called the verdict disgraceful. he cited steinle case, example why, eric, there should be immigration reform. the attorney in the steinle case had this message for the president. roll tape. >> for those who might criticize this verdict, there are a number of people that have commented on this case in the last couple of years. the attorney general of the united states, the president, and vice president of the united
states, let me just remind them, that they are the themselves under investigation by special prosecutor in washington, d.c., and they may, themselves, soon avail themselves of the presumption of innocence and beyond a reasonable doubt standard. so i would ask them to reflect on that before they comment or disparage the result in this case. liz: eric, doesn't this show, isn't this evidence or could be argued evidence this was highly-politicized case? >> yeah. that is such a cheap shot. this is clearly a political shot. why isn't he arguing the facts? to me, this should have been at minimum, involuntary manslaughter case. it is sad that we are at a situation where, here in california, you've got these cities that allow this. it is craziness. it is upsetting to think about family members, people we love,
viewers that are watching, that could be victims of a illegal immigrant that gets into this country, and could kill us, it is just nuts. and something should be done. congress needs to act. we need to do more. it is a disgrace. the president is right. and frankly, i would hope, i would hope that rational mind come together and come up with a system that can keep these people out of this country. all, we're all for legal immigration for people that have earned the right, that are doing it the right way but not sneaking in and getting protected by the law when you have killed people. we got to keep people safe here in this country. this needs to end. liz: eric just made and a really important point, patrice, that is democrats and the liberal left and people in san francisco who support this verdict, they are saying that the republicans are against legal immigration.
they're not. they're against illegal criminals coming in here and killing people and causing harm and injury to families who are here legally, and paying taxes. what is next? what is next with the border wall? because now the president saying this is the reason why we should have a border wall. go ahead, patrice. >> i think that, it is logical for us to expect we should be protecting our borders, insuring enough money is being spent to support efforts to make sure that people are coming in here who should be here and should be here legally. it is just amazing how democrats are lumping legal and illegal immigrants together. i am an illegal immigrant. many and my family members recognize we went through the process, the correct process. we waited in line and we came to this country and we're law-abiding citizens. we expect that of everyone else. when we're lumped together as all immigrants, all of a sudden it cheapens what sacrifices we made and it makes it seem like it is okay to turn a blind eye
to the wrongdoing of those who are here illegally. liz: patrice, a rick, terrific analysis. you're coming back after the break you will with us. 84,000-dollar man, texas congressman blake farenthold he paid out money toened a sexual harrassment case with his communications director in 2014. we have the shocking details next.
liz: "politico" reporting republican texas congressman blake farenthold used $84,000 of your money to settle a sexual harrassment claim brought by his former communications director lauren green. here is the accusation. lauren green claims she was told farenthold had sexual fantasies, this is graphic, i hate to say
it, wet dreams about her. that is in the complaint. as the house ethics committee demanding the office of compliance promptly hand over all records, all of the records about sexual harassment claims against members of congress, the house, rather, the house, and their staff as well as any taxpayer payouts. back with me, patrice lee onuwuka and eric ship per. what do you make of this breaking story? >> here is my feeling about this. if you do conduct outside the bounds of your position you need to be personally liable. the taxpayers should not foot the bill for the fact that you are conducting a treasure chest of blunders or you're horribly incompetent in the ability to control yourself and be disciplined this is pathetic. it is what angers taxpayers. it is what inflames so many people that supported donald trump in trying to bring
reform, and to change the system. this is a textbook case of what's wrong with politicians and why most politicians are frankly, shouldn't be in office. they should be held accountable. i think they need to be personally liable and have exposure and taxpayers don't pay for the their conduct unbecoming. liz: in private sector people are getting fired. there is no slush fund to pay off people in secret. is this a probe into harrassment? is it just beginning? >> i think we haven't gotten to the bottom of this. if in fact we get to find out about all those payouts, which are not all sexual harrassment, they include other behaviors still as unacceptable i think we'll be surprised and shocked but it is good. sometimes you have to go through a painful process weeding out
wrong doesers. it clears the way for people with good morals and character taking seriously the trust of american people and responsibility they have as leaders and examples. liz: that is a good point you make, the payouts covered racial and religious discrimination settlements as well, among others. let's get to house minority leader nancy pelosi flip-flopping on senator john conyers. >> just because someone is accused, was it one accusation, is it two? i think it has to be -- john conyers is an icon in this country. congressman conyers should resign. zero tolerance means for everyone. liz: conyers is civil rights icon. congressman nancy pelosi, congressman clyburn calling for john conyers to resign. his lawyer says he will not be pressured into resigning. conyers used $27,000 from the fund to pay off an accuser who said he sexually harassed her, a
number of accusers. should he step down, eric? >> i think so. but i doesn't think he will. and that's the other issue is that some of these politicians, they're not accountable until the next election. so it is different than a matt lauer or others that are doing conduct in which they have an employer. the employer are the people but unfortunately a period of time that needs tokes fire. so pelosi, look, she has probably got even more access to facts. she is hearing about it from her constituents as are members that report to her. so she can't ignore it anymore. this is, part of a bigger zeitgeist and a movement to really i think correct things and i think empower women over all. i think women will be the big pushries which is a good thing. i think it is a great thing -- beneficiaries. liz: patrice, final word, should nancy pelosi, chuck schumer,
mitch mcconnell, paul ryan step forward to say did you know about the fund or not know about it taxpayers paid out a fund for these settlements? what do you think? >> should absolutely come forward. liz: they all should? >> they all should, absolutely. what is interesting here, you know, she has flip-flopped because she realizes she no longer has the moral ground. it is establishment versus activists and outside versus the inside. she had to kind of give up on this idea of a legacy. what kind of legacy is civil rights if it is marred by sexual harrassment? liz: patrice, eric, thanks. have a good weekend. >> you too, liz. liz: was general michael flynn railroaded? my next guest says he was used as a pawn by democrats. he is former lieutenant-general thomas mcinerney. he is speaking out. stay right there.
liz: let's get back to this story. president trump's former national security advisor, he is general michael flynn making a statement today after his guilty plea of lying to the fbi over contacts with russian ambassador sergey kislyak saying i quote, i recognize the actions i acknowledged in court were wrong and through my faith in god i'm working to set things right. my guilty ply to cooperate with the special counsel's office reflect as decision i made in the best interests of my family and our country. let's bring in retired air force assistant vice chief of staff, he is lieutenant-general tom mcinerney. general, good to see you. >> good to see you, liz. liz: you say michael flynn is a pawn here. can you explain? >> well, first of all the count he admitted to is lying and on
two questions that the fbi asked him on an interview on the 24th of january, 2017. four-days, liz, after he had taken over. why even agreed to that interview boggles my mind because that meant that the obama administration had laid that interview on him. and so, it leads into what i call a path of destruction in my personal opinion. they detested mike flynn. and they went out and they got him. they unmasked him. they did a whole host of things. and now turns out that really they were trying to cover up with the trump russian deception collusion on the democratic party deception tactics that they were using to bring this up to cover up uranium one, and hillary clinton's violation of the espionage act. those two issues alone, let
alone "fast & furious" and irs, the obama administration will turn out to be the most corrupt in the history of america. mike flynn is a pawn in that, and he agreed, in all honesty because he was going to run out of money and all the things they were going to do to him, he agreed to take this lesser count. i don't think anything is going to happen to mike. i think the world will understand. the fact is he knew that the fbi and others monitored all of the conversations with kislyak that went on. he was director of the defense intelligence agency. he used to read that stuff daily. he knew the fbi had that information, i just wondered why he accepted that interview? liz: general, mike flynn is expected to testify that a senior member of the trump transition team directed him to make contact with the russians during the, basically the last year, in 2016. what do you make of that?
>> well it is legal. it could have been the president. it could have been jared. it could have been somebody but it is certainly legal. when you're in transition like that, and even before you can make contact, doing different things. there is nothing illegal about that. if he would have answered those two questions and said, yes i did talk about a u.n. vote, yes i did talk about sanctions, then they would have nothing because it is legal for him to do that. liz: i mean hillary clinton is talking about north korean policy. that is undercutting north korean policy. logan act, whatever. general tom mcinerney. good to see you, sir. thanks for your service to our country. >> thanks, liz. liz: we'll have more after the break. stay right there.
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thank you so much for having us in your home. charles payne is here now with making money *. charles: good evening. you are watching "making money." fast-moving developments. the dow dropped 150 points moments after it was reported that michael flynn is expected to testify that donald trump instructed him to contact the russians. senate republican leaders announce they have enough votes to pass their tax reform bill even though bob corker is expected