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tv   Your World With Neil Cavuto  FOX News  November 16, 2011 1:00pm-2:00pm PST

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news alert on a normal day. and now neil cavuto and his team for fox fox news. >>neil: a market down. a debt deal deadlocked and a jobs deal unlocked. welcome, everyone, i am neil cavuto. we are watching the debt clock which ticked over $15 trillion for the first time. ever. how we as a nation owe and as the debt surges the super committee nowhere near a debt deal but we could see a breakthrough on the jobs front. the senator rubio of florida and a democratic senator have a land to get companies hiring. and soon. called "the agree," act part of the president's job land that both parties could agree on. and, they say it is our best
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chance to get the economy going again. the senators join me. welcome both of you. senator rubio, do you first, you have not talked much to the media since you were elected and you have chosen your chats very carefully but you have made a full court press for this. why? >>guest: it is important. i get letters and e-mails from people in florida hurting including one from a young lady worked here entire life and out of work for a year and trying to find a job every day. this is nothing. real people are hurting. the economic downturn has taken a turn for the likes of real people in my state and across the country and we have to do something. we have big disagreements and we will have an election and help decide the way forward but we can not it is around for 12 months and do nothing on the
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things we agree we have to act. >>neil: senator there is a lot of common ground for both parties. both of you are right, you can fine much to agree on, tax credit, incentives to get business hiring and the like, but, maybe because it speaks to the environment, nothing big, and i wonder, is that by design? or do you think collectively all of these incentives and credits and the things that businesses like added up will get them hiring? >>guest: well, it is our hope this broad package that includes provisions from access to capital and tax credit and invention, and immigration, and intellectual property protection, and regulation relief, that it includes a range of things, that although not a huge bill, not guarantee to pull us further into recovery, it will she that we have confidence in the american people and the american entrepreneur and the american small business person and it can help instill
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confidence to congress if a conservative republican from florida and a democrat from delaware can find the time, energy and willingness to get across the divide and hammer out a bipartisan bill, perhaps that can encourage the super committee, perhaps that can instill confidence that all of us in congress can find common ground the next year and make progress doing the things we can do to help strengthen the private sector and create jobs. >>neil: senator rubio people will look at this and say, this is just some tinkering. we need to be bold. what do you say? >>guest: i voted for big, bold plans and i am republicked to do that tomorrow if we can get the votes. but we don't have them and we will not have them until the next election because of divided government. so what do we do? put up bills that will fail and do nothing? what do i say to the people hurting in florida? so, these may look small from
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wall street perspective or macro perspective but what about the small business in miami, tampa or in orlando that want to expand, a dry cleaners wants to buy a new machine and hire new people. if they can only get 50 percent discussions they may not be able to so the people would build the machine are hurt, the people who install the machine and fix the machine are hurt and the two people who were going do be hired, they are hurt. those are the guys and girls we are thinking about. >> a study shows the point of senator rubio. if the expensing and depreciating were enacted it could make access to capital to small business which is a critical barrier to vote. if the veterans portion was put into law, we might see hundreds of veterans become maul business entrepreneurs, and those may not change america's whole economic
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outlook it would make a significant difference for the community, business owners and the veterans and help restore confidence in the american markets. >>neil: there is a fear, though, gentleman, that while your intentions are good, the reality is, this might have to wait out and it is out until the election, many c.e.o.'s have expressed frustration senator rubio to a point echoed by the c.e.o.'s a company who said if you telling me we will not be able to have closure on this or progress for another year or year and a half that is bull [blank]. is that what he has to look forward to? >>guest: i hope not. that is what we are working on. the things we agree on, that we act now. people at home, they get the big picture stuff. we disagree on the role of government and our tax code, and we will debate that and that is a big part of the elections in 2012 but why fighting over the things you grow on? isn't there anything you have in
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common in and you see issues and ideas in the president's jobs plan, the republican job plan, the house passed and sent over here there is no excuse for not acting. so, let's do them and show people that here in congress there are, we are able to do, at least act on the things we agree. >>shepard: do you think the president has been helping you in that regard? that the rap against him, sir, is every follow up proposal and every follow-up budget and jobs initiative or stimulus, moves more and more left and more and more infrastructure, and increasingly unlikely to get passage in the house and even dicey in the senate, where people are just tired of the same old thing. is the president not getting it? >>guest: well, if my one year as a senator, i have grown increasingly frustrated with the frequency with which proposals that we put up on the floor are not able to pass. both senator rub yes -- rubio
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and i are frustrated not getting through our proposals. the if the's job bill was declared dead on arrival and efforts to pass it were uns isful the i get that. rather than giving up in frustration in my view the best next step is to show leadership by working with senator rubio and many others hopefully, democrat and republican, who will gin as cosponsors and find portions of the bill we can agree on and pass. some would spend time criticizing the president. i can understand why they might. but, frankly, in my view, my job is to show leadership where i can. to find partnership where i can. and to be tearless in working with anyone in the senate or house of representatives who has a good idea and willing to put something on the table to get americans back to work. most in delaware care less about partisanship than progress. >>neil: do joe biden ring
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true, senator, when he urges going slow on entitlements and your party, by and large, just going slow on entitlements is he moving the ball forward by locking people interest that kind of a corner? >>guest: i was not in the room for the tough negotiations of the vice president a turned into negotiations between the speaker boehner and the president and, today, we expect the super committee and both houses moving forward with the conversations. we know where we have been freezing for the last year whether to change our tax policy and raise revenue, whether to make changes in our entitlement program. i have said everything needs to be on the tail. we have a significant challenge to our nation's security, our nation's future because of a record deficit. >>neil: when you say "everything on the table," including social security, medicare and medicaid? >>guest: we have to be willing to consider responsible reform that will sustain those for the next generation.
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if my view that is a progressive principle to say i value the programs that i want my children and grandchild to benefit from them rather than ignoring some of the demographic changes that are pushing reconsideration of the future path of the programs. that does not to alter them or slash them and it does not mean scaring people. social security will be providing three quarters of the current benefits 50 years from now if we make no change at all. what we do need to confront is the need at some point in the next 35 years to make some rescission whether in how we pay for it, if how it is being funded, or in how --. >>neil: i don't want to go too far off the purpose of you coming here today but i want to switch it around to the republican point of view, senator rubio, and your thoughts on the revenue enhancements or tax increases, that some could look at. i want to get from you whether you look at closing a loophole
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or removing a tax credit as a tax increase? is it? >>guest: they are not justified, and they have to be part of a real study whether they are justified or not, if they are in this because they hired a good lobbyist to get them a special break this will be conscience us these should be taken out. but we are preparing tax credits as part of the bill because it makes sense. to allow a small business to write off the cost of capital improvements in the business. >>neil: you would be open, senator, to closing some loopholes that could benefit a few and not misstating that with raising taxes on all? >>guest: yes and the question is what did you do with the money you get when you close i. the answer, and that where there is a dispute define republicans and democrats, we should lower rates on everyone. some democrats believe that, as well. >>neil: but there is in time for that connection? if you look at the calendar and the super committee is under a
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calendar, i don't know they can make the simpler tax code happen in a couple of weeks. they could address the write offs and expireed legislation. >>guest: i didn't think the super committee was a good idea. only 12 people are in the room and the public is not watching, the debate is not open, we did not know what they are considering. >>neil: they must talk with you. >>guest: no, no, no, they are not talking to anyone outside the room about what they are considering beyond vague concepts. i am not criticizing the people. they are working the hard and doing the best they can and they have been given a tough assignment l is no public input. these are not minor provisions but the most significant public policy that will ever be made this this building and it is all being done outside public light and without input or meaningful open public input and i don't think that is a way to make
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significant public policy. i pray they come up with a result because i love my country a lot more than i like my political party. i love being an american more than being a republican, and getting a result is important for america. >>neil: you mentioned that florida certainly is in play, your state, senator rub yes, -- rub yes, you could help secure that state if you were running with the nominee whoever it is? >>guest: a nominee has to earn the support of the people people vote for the presidential candidate not the vice president candidate. i want to be in the united states senate so i can work on issues like to and this is a job i wanted. >>neil: you are not interested? >>guest: no. >>neil: whoever the nominee is, and they really need or want you? >>guest: i have answered that a bunch of times. >>neil: you never answered it with me. >>guest: i'm not interested. i want to be in the senate and do this job what i signed up
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for. i will wake up in the morning and i am in a position to do and say something about problems in our country and i am enjoying it. it is a real blessing to be able to do that. >>neil: the attitude, and it is unusualing to see democrats and republicans talking and that is promising and you are providing a nice example but it is fair to say that the well has been poisoned. you guys had food tasters last time i was there. it is retrievable? >>guest: in my years i have been impressed by the caliber of the senators i have met, republican and democrats, different backgrounds, there are people of good will. bright people. working hard. and are frustrated bit partisanship and the difficulty coming together and making progress. we need to engage in small symbolic but increasingly powerful action of collaboration and partnership. some folks made fun of us for
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going to the state of the union did by two but it was an effort to suggest that we could put part danship aside in how we receive the state of the union message from the president. joining together if a more substantive bill that has a chance to improve job creation is more significant. it is my hope we will encourage other partners, senators, who are democrat and republican similarly, take up good proposals that are unaddressed in front of us on the table of the senate and consider moving them forward. >> i have only been here a few months but i have not had a single bad personal conflict with a single person. we just disagree with public policy. >>neil: thank you, gentleman. mine was earned over the south pacific in 1943.
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>>neil: big sell at the corner of wall and broad dropping 190 points over possible exposure of u.s. banks to europe's debt crisis.
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this as the u.s. debt tops $15 trillion for the first time ever. and now, these guys raked $170 million from government bailouts. and these guys did not get a penny but these c.e.o.'s were called to defend their profits and their pay to the c.e.o.'s of fannie mae and freddie mac, collected $35 million in bonuses this two years. here is the difference with freddie mac and 19, -- fannie mae. charles payne says ain't that a kick in the freddie and the fannie. >>guest: how more disingenuous can washington get. and they hit us up for another $14 billion so it is approaching $200 billion. >>neil: freddie mac and fannie
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mae. millions and millions not based on a system of merit, or based on anything. there is no way you can justify this and we have $35 million on the screen. but what makes it interesting --. >>neil: but their argument is we are stabilizing things. it is like me asking for a bow thus because i am breezing. the argument is the blood letting is done. and you are not convinced. >>guest: anyone can be convinced. not a person. no one in the audience watching the snow is convinced of that. if they can put that argument up, they could be entitled to a bonus but that they should collect a bonus. remember tarp and the president said? anyone who takes tarp money, a c.e.o. can only make half a million. that was it. we are not talking bonus but half a president from running the big multinational large corporations and, by the way, a lot them came back faster and sooner than the housing market than fannie mae or freddie mac.
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>>neil: why do they get a pass? the executives have something? >>guest: you almost got me to go there. >>neil: if i asked you seriously you will entertain it. i know they underwrite 90 percent of the mortgages but they always get a pass. >>guest: they always get a pass and they have political cover. they put up a lot of money to applications in the past and big time lobbyists in the past and their relationship to washington is ... it is really a pretty notorious the last few years but certainly this should be put under the microscope. it is shameful. >>neil: but you are not, thank you. you can catch charles every weekday and there is a radio show. how is it doing? >>guest: fantastic.
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>>neil: and oil is back above $1 02 a barrel the highest since may, up 7 percent since last week. supplies are tight. and demand is up. talk it could go higher. and if what the super committee wants to do is not looking super and those go big guys are not going anywhere fast, time to try something new? tomorrow the tea party debt commission will announce plans to cut $9 trillion from the budget. that is more than the other two
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groups want to see, combined. republican senator rand paul from kentucky will lead the charge. this is over 10 years? >>guest: it is and you know how you cut $9 trillion over 10 years? you freeze the budget. if you don't increase spending for 10 years you actually, as scored by the congressional budget office as $9 trillion cut illustrating the problem around here. we are talking about cuts against proposed increases. so when they say they will cut $1 trillion, it is only $1 trillion against the $9 trillion so the way you cut $9 trillion is freeze spending for 10 years. >>neil: so, whatever we spend, say $600 billion on defense now each year you keep it at $600 billion, a constant for 10 years. >>guest: yeah, and, actually, if you balance the budget quicker you would balance the budget if eight years if you only cut 1 percent, and we have talked about that.
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tomorrow we will talk about discussions of what it will be. why think the conclusion has been made but we also may offer an alternative if the debt commission is deadlocked and they come forward with for plan, there is still an opportunity to produce something they talk about going big, $9 trillion is really big but we may also offer a compromise package that is $4 trillion. the debt mission talk about $4 trillion being a minimum, and the debt committee is only talking about $1 trillion so we are discussing with conservative senators the possibility if the committee is dead looked to have election that would cut $4 trillion which is a minimum. >>neil: obviously, you split the difference between you, and on the $4 trillion what would you do that is not as draconian as the critics describe as the $9 trillion. >>guest: an interesting thing is you can save $1.7 trillion, more than the target for the debt committee, simply by block
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granting medicaid at 2010 levels and letting it increase by the rate of inflation. that would actually meet the whole target for the super committee by address, one program, medicaid. >>neil: you are right, i looked at the disarmingly simple stuff. we look at it and ring our hands but it is minor adjustments with inflation pegged and that but it becomes a big heated debate on both sides. and i am wandering no matter what you for and no matter what the tea party is looking at $9 trillion over 10 years, whatever it is, will we have a deal out of the super committee by thanksgiving to get this paltry $1.3 trillion spending going? >>guest: if you asked me two weeks ago i was always saying everybody hates the idea of sequestration which is automatic
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cuts that occur with in deal and i thought we would get a deal and now i think there may not be a deal and the president doesn't want a deal because it doesn't fit his campaign narrative. his campaign narrative is republicans will not work with him. and so it is all the republicans' fault but the reality is republicans have come back time and time again and put forward proposals and it is the democrats who are willing to come halfway at the negotiating table so my fear is now there will be no tell and that is why i want to be out there with an alternative, my role will not come out of the committee so it will not have expedited review and it will have to go through the normal process but at last minute if there is no deal, if there is another deal that comes guard i will be prepared with something that would be the $4 trillion that everyone talked about and it will be long-term cuts over 10 years and we will have to vote on them on the floor because i will insist on a vote on our at testify --
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alternative. >>neil: but you are not talking ayou -- about sequestration. >>guest: we have to have cuts. that is the purpose of sequestration. >>neil: some of your colleagues are gets antsy. >>guest: the answer is find different cuts not to abrogate the concept but to find an alternative. rather than go back on the whole concept of sequestration i would say go forward, say, if we don't want to cut this, this is where we will cut. and hike i said, you could reform one program, reform medicaid and you can meet your entire target by reforming one program. >>neil: senator, always good to see you, be well. now that they cannot set up camp, bring on the catch --
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>> we are supposed to have free speech in america. but we don't. say these two men. >> it was worse than we could have imagined. >> like something out of north korea. >> like north korea?
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really? come on. even national public radio isn't that bad. but juan williams says . >> they attack anyone that disagrees with their point of view. >> i'm glad i don't work there. >> thank you so much, sir. >> he would not let me do racist experiments like this one. >> i tried to sell cub cakes for different prices to different races. but students fought back against my argument by holding their own skim that step bake sale. >> it is uncomfortable but we speak the truth. other schools shut this down and now media and politicians want to shut down political speech. >>neil: one of the politicians that mayor bloomberg, anti-wall street protesters can now pitch
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a tent because it is violation of their free speech right. john grows. >>guest: you have a right ... to speak but not a right to "occupy," that is very different. he gave these people too much time to peek, seven weeks before they cleaned the tents out and now they still have the right to speak. >>neil: does this escalate? people distinguish between speaking and just staying. what happens? >>guest: well, i don't what will happen but they ought to make that distinguishing point. think seven weeks is magic number, tiananmen square took seven weeks before the crackdown and they killed we don't know how many. could be hundreds or thousands was seven weeks, also, in 1932 in the united states where world war i votes were unhappy for not
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getting a promised bonus check during the depression, they were out of work, and some 17,000 with their families, 40,000 protesters gathered on government property and stayed seven weeks and they had clashes with police, two were killed and general mcarthur brought in tanks and cleaned them out and then later eisenhower said he was a jerk for doing that. >>neil: you wonder about the infiltration and the rhetoric that does not match the promise. listen to this for your reaction >> we want [blank] and we will rock [blank] and we are going to burn [blank]. and [blank]. and burn [blank]. and now [blank]. >> ain't no more talking.
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they got [blank]. i want them to make a decision so they can speak and there will be molotov cocktails. >>neil: doesn't sound very peaceful. >>guest: i have an earpiece and i cannot hear exactly. >>neil: i can't stand john stossel, way, way, way overrated, why fox ever hired him ... >>guest: that is free speech. >>neil: despite the occupy statements they will not entertain violence, he was using violent words and million testify -- molotov cocktails. >>guest: free speech is in the blood of america. the boston tea party. the civil rights movement. it is important. we have a line. i cannot say go down the hall
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and kill bill o'reilly. we cannot directly insight violence. >>neil, wait, wait, wait, why not? >>guest: directly foement violence. i cannot promise you a dog and give you a dead dog. we have not had violence in the same locations they set off a bomb, an anticapitalist movement and killed 30 people so i'm happy, i don't like these people, they smell bad but they have not committed violence, really. yet. >>neil: i'm glad you didn't hear what he said about you. you can cart the emmys right back to my office. >>guest: if you want them, you can have them. >>neil: you can catch john stossel on fox business network. if you don't get it you have the tree democrat to demand it!
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>>neil: how many times have we hold you, it is the real votes that count? what happens in states like iowa and new hampshire where gary johnson is placing a lot of his bets, the former new hampshire governor joins me. >>guest: former new mexico governor. >>neil: governor, that is called winging it. let me ask you, sir, is it your sense that new hampshire has to do it for you? >>guest: new hampshire has to do it for me and it is call catch 22 if you are not in the
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debates, there is not the interest and i'm not in the debates because i'm not in the polls to determine who is in the debate. i heard the promotion that i was in last place but there are 210 candidates registered it run for president. >>neil: did i say you were to last or just a graphic? >>guest: maybe the graphic. >>neil: i will have that person shot. >>guest: maybe there are 50 republicans running for president. so that is unfair. i would lick to just be in the polls to give me a shot at being in the debate. fox news during the last debate chose to base criteria for me being in the debate on the last five national polls where my name was in the poll. i thought that was fair. >>neil: bottom line, polls mean nothing. >>guest: polls mean nothing. >>neil: you want to be in the base this one thing, or name recognition but is it your sense
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with all the candidates getting brought up, knocked down, they are all getting their beating. >>guest: that is right. we should be, i have always been an optimist and we have real problems but on the on the miss technical side we could fix them. we can fix them and ensure that for the next 100 years, we could set the path for prosperity for some making a pitch that is the "fair tax," and i make a promise to submit a balanced budget to congress in 2013 a $1.4 trillion reduction of government spending starting in 2014. >>neil: ron paul was trying to bet you on that, at the same time he would balance the budget. >>guest: i got him beat by $400 million. he is talking $1 trillion and i am talking about a balanced budget. i'm talking about, i'm promising
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to submit a balanced budget. i cannot deliver on a balanced budget because that would rather congressional cooperation. but i am promising to submit the balanced budget and i appear promising to votto any legislation where expenses exceed revenue. i suggest under that, and i would have been elected president so this would have been the american public shutting to congress we want a balanced budget but i suggest there would be less spending than any other scenario you could come up with. and be optimistic, cutting spending is saving the country. throw out the entire federal tax and replace it with a fair tax, a 23 percent consumption tax and the top in the debate about trade with china, we enact fair tax, our goods and services become 23 percent more competitive. >>neil: that is the argument others use. it is interesting, looking at
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your record two term governor of new mexico, not new hampshire, you vetoed more than any other governor in the country, you veto and put your money where your mouth is. but i notice with the presidents, including the last one, he didn't. do the politicians talk a good gay and not deliver? >>guest: putting that one more correctly in place, i may have vetoed more bills than the other 49 governors in the country combined. it was 750 bills while i was governor. thousands of line item vetoes as governor of new mexico. only two were overridden so it made a different of billions in spending and it made a difference for all sorts of laws that i argued were going to add a lot of time and a whole lot of money to being able to comply with government when it wasn't going do make any of us better
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off or making the world safer or prevent anyone from committing fraud against me. >>neil: if you participated in the debate would you ever say figure like this: i have three things i want to cut. >>guest: well, i almost to submit a balanced budget so that is 43 percent reduction in government spending and that includes medicaid, medicare, and social security. i would like to give you a contrast on the debate right now. candidate one says i will build a fence across the border. candidate two says i will bind a parallel fence. candidate three says i want to run something down the middle and candidate four wants wire across the top of the fences and candidate five wants to electrify the wire and then the next wants to run a drone down the middle. and the only one that is advocating not building a fence which is perry who is a bother governor, and i am a border governor, he talks about
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responding to drug border violence with more guns. they all talk about adding more guns and the reality is legalized marijuana and arguably get at the cause: prohibition, similar to alcohol and didn't we play out those disputes with machine guns in the 20's. >>neil: governor, thank you very much. >>guest: thank you for having me on. could've had a v8.
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>>neil: gingrich is feeling the heat after polling near top in recent polls. headlines that resonate with voters. and it depends on the candidate. here we go again. >>guest: yes, and gingrich has no idea what he is in for
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because he has been a candidate would has been the toughest on the media specifically targeting them. and the press doesn't like it. if someone gets attacked from "new york times", the "washington post", usually stands up and same with cable networks so he can expect really, really, tough grilling the coming weeks. but all the candidates have to go through it and it make them better candidates. >>neil: is this unusual or does it happen every election? in 1992 with the seven dwarves and bill clinton was the leader. can you be the better at this? >>guest: at this point in 2004 howard dean was the likely candidate. in 2008, hillary clinton was beating obama by 30 points at this point in the cycle so this is not a surprise. what is interesting is how many candidates have gone up. and come down. if my life in politics i have never seen so many different candidates take on the role of frontrunner only to drop back.
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>>neil: what happens to the survivor? >>guest: the survivor is a better candidate and it is very clear that romney is the better debate than six months ago and he has a better command of communicatewhere he stands and he can explain the business positions. he has platforms out there. and he is markedly better and more able to take on president obama because obama is very good at this. and romney will be the best at his game. >>neil: they dragged the tapes and debates and commercials out, though. >>guest: they will use all of this. and, in fact, what was used against al gore, a lost it came from the primaries. the same thing against john kerry, the same thing against president obama, so this is nothing new. this is the way the system works. you have to be tough. and i argue it is good for someone like gingrich to be able to survive something like this. >>neil: we shall see.
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thank you, frank. and the planet jupiter, the anchor neil, and the committee super. i will connect.
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and more ways to customise your technology >> neil: okay, i'm going on a diet. if i told you i am going to cut my weight down, what would you think? some of you might say time enough. but some of you have nerve to watch over news networks so i'd probably ignore your snide remark. many others might take me at my word and that my goal is what i'm going to do. cut down, lose weight. what if we fell out of context, i don't know, ten years. lo and behold a decade from now we bump in to each other but you don't recognize me. it turns out, i am as big as a house. some of you snide viewers, this one who said about time? immediately pop up and say i thought you were going to cut some pounds! i say i did. then you say no, you didn't.
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you are at least 50 pounds heavier than the last time we saw you. i say you're right. you said, "what?" i say "but, but if i hadn't curbed the carbs and living myself to half a box of doughnut for ten years every day instead of the full box of duncan, i'd be 100 pounds heavier." you're scratching your head, because as i tell you this i am eating a deli doughnut and sugar and something grape running down my chin. actually, really no, more students than congress plan to cut spending over the same ten years i'm allegedly cutting pounds. it turns out after a decade, they will be fatter than me. $9 trillion fatter in debt. that's how much more debt we will pile on by then, even if they get through this ridiculous shir raid of cut -- charade of cutting they're aiming to save now. a dirty secret to let you in on.
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that $1.3 trillion is over ten years. not each year. not two years. not five years. ten years. let me stress, they are not cutting spending, they are not cutting anything. what they are cutting is the growth in spending. like i said, not by much at that. even if it gets the $1.3 trillion, we will have another $9 trillion more in debt by the year 2021. $9 trillion more. than the $15 trillion bucks we have now. that is with congress cutting. with all this bellyaching. some cutting, some dying. that's like jupiter losing one of the 64 confirmed moves and saying now how do i look? i don't know. like a huge planet. fat chance you would let me get away saying i lost weight when i didn't. why do we let washington say they're cutting when they're not. liberals launching ad campaign for attacking senators for trying to do just that. one hour from n


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