tv Your World With Neil Cavuto FOX News April 8, 2013 1:00pm-2:00pm PDT
a few weeks ago they stole $40,000 worth of coffee and red bull energy dri. that's it for "studio b" on a monday afternoon. dow, great turn around during the day today. from way down under, see the red into green now. explanations begin now. did this guy blow up washington ahead of a certain budget on this very same day. unspeakable lunatic for never giving it a chance. the other a speaker who didn't give the budget offer he didn't get out of this president a chance. enough, no more chances. it's time to make a deal right now. these guys won't act like heroes and fix the messes to save america. well, i'm back. it's time america for your financial superhero to do it and save you and the world at the same time.
built to scale. that is nothing -- what are you laughing at? welcome back everybody. i'm neil cavuto. talking about getting back not a moment too soon. i leave these guys in washington on their own for one lousy week and they pull a north korea and blow themselves up. i still can't believe it. the president offers a tantalizing budget proposal for which republicans have been clamoring reining in the growth of entitlements, any. that's not to say the president's proposal to adjust the inflation formula to pay social security benefits, that's stunning. but it is something. or at least the start of something. and what has speaker john boehner said about it? nothing. rejects it out of hand. apparently because the president is including tax hikes in the deal. keep in mind that the tax hikes the president is talking about were and are the very same kind of hikes speaker boehner himself
was negotiating little more than a year ago. closing tax loopholes and credits that would make for a cleaner tax code and now, coupled with the first ever shot at reining in out of control entitlements. i'm not saying the president's plan is perfect. it is not. or that it's constantly falling back on still more tax hikes is promising. certainly not. for anyone to deny it's a big change in at least his thinking, they're wrong it is. and for boehner to just call it essentially a waste of time, well, it's not. because any time you have liberals blasting the president for making the offer and some labor union heads warning the president will rue the day he made the offerment i'm john boehner thinking there's got to be something to this offer. maybe i'll hear the president out. but no, boehner shuts him out. i understand why this happens, but this is the same boehner who hated it when the white house did the exact same thing to his buddy paul ryan when ryan was trying to rein in medicare.
so i'm starting to think to myself on vacation, self on vacation, if this is what happens to anyone in washington who dare tries to do anything with entitlements, why would anyone, republican or democrat, even try? because the more liberal bash the president for going after their sacred cows like entitlements and the more conservative republicans who dare go after their sacred cows like defense shall the more we're all defenseless and the more washington looks gutless. time to stop saying no and at least start saying maybe. we decided to book a sports agent on making a deal by stopping the games. steve, let's get to you first on this. in negotiating, when do you get past the theatrics? the no, no, no, no and then get to the maybe, maybe, maybe?
>> well, neil, you never get past the theatrics. it's all -- when you look at a negotiation, you look at three core principles. you see who has the most leverage, you see whether there's a transactional relationship between the parties. i scratch your back, you scratch mine. then you have to look at the creative storytelling to get people to buy in and side with you. if you imply those three points, you really have something and you can actually resolve this. if not, it becomes a contentious negotiation. >> so the president -- we were discussing during the break, in and of itself, not life changing. but it's the first time he has put entitlements formally on the table and in this case the inflation formulation, stephanie sy on the table. it's a start. now, should it have been rejected out of hand? >> feels like everything coming out of both sides are trial
balloons. the contentious part we've been dealing with that from day one. i don't think it should have been rejected out of hand. we know where the republicans are coming from to the president getting a chunk of tax increases. here's the irony, neil. the only way to get something done is by accident. like sequester. they cobble something together that both say won't go through, they sign it off and it goes throu through. >> then it doesn't do nearly the harm. >> it's being applied in a way that's unfortunate. i think americans are saying golly, the government did have 2% they could cut. you know, at this point, it's so disappointing. people forget why our credit rating was downgraded, in part to these kind of shenanigans you're talking about. the watchers, the viewers, the constituents on both sides will love to see something done. >> we got into this before. but this notion in any negotiation, people are remembering the last
negotiation, the participants are saying, boy, you really zoomed me on that last deal because you said you were going do this and you didn't. i hate you more because you're offering something that sounded like before and reneged on. we republicans are suspicious of you, mr. president, democrats in turn say we're equally suspicious of you because you have also pulled the rug out from under us. so there's a deep-seeded cynicism and i think even hatred that sometimes develops. how do you get past that blame game? i see enough blame to go around. republicans could blame democrats and vice versa. the fact of the matter is, we're still in debt each and every day. you have to recognize the problem in the room, right? >> 100%, neil. you hit it right on the head. what you have to do is it actually turns into a transactional, i scratch your back, you scratch mine. it's a give and take in terms of this point. >> the president have done that part and the republicans have
done that part they say agreeing to tax hikes. we've given that scratch. now, mr. president, you're scratching us back with the social security thing so we don't have to give you any more to scratch. how do you -- >> yeah. i mean, it's tough because now that it's brought up into the public, these are the types of things you do behind closed doors. once you bring it into the public's eye, you hate to say it's a staring contest where it's tough to do a transactional relationship, i scratch your back, you scratch mine. no one wants to get one-upped. you could always side with one way or the other. but as you saw, you pull the rug up a little bit, you tend to almost get into that staring contest again and nothing gets resolved. >> and each side calls the other bluff, right, charles? i gave you something and you're turning around -- >> that puts us back to square one. another year without a budget.
i think that might be the best case scenario. i will say this one thing, neil. i think everyone does agree that these entitlements have to be addressed at some point. so many special interest groups and about the pain and the agony seem to come before really the well-being of the entire country and that's the problem on this thing. i think so many different organizations and entities have a voice in this process that really shouldn't. it should be about the entire picture and scope of the process. >> well said. i want to thank both of you. focused in on this note on this particular subject. when you're spending a trillion more than you're taking in and doing it careyear in and year o there are no sacred cows. you've got to go full throttle in. not a left to right problem. it's our problem. time to fix it. meanwhile, talk about tragic timing. news today that maggie thatcher is dead as the europe she loved and the u.s. she admired, remain
marred in in political gridlock. a woman whose backbone and warning of a nanny state seemed that an added -- oh, i don't know, today. >> the honorable member is saying is that he will rather the poor were poorer provide the rich were less rich. that way you will never create the wealth for better -- and what a policy. yes. you would rather have the poor poorer provided the richer were less rich. that is a liberal politics. >> former uk parliament member john brown knew her well, joins me now. juxtaposition today. you think of everything going on right now and john, i dare say, it's like the flip of then. >> yes. i've been listening to your conversation with the last contributor and i think that
things will go on in the present downhill way and either of two things occur. one is we get leadership like we had under margaret thatcher and president reagan with people who believed in fundamental principles, particularly the principle of freedom where they didn't just talk like most other politicians, they actually walked the walk and delivered. the other alternative is when the bond markets refuse to buy your debt as happened in europe and forced these governments and politicians to actually act. and the same thing will happen in europe and the united states if we still continue on the present downward path. >> but you think about it, that's what she was warning about, right? this growing state and in the face of that and not in the best environment, she led these very, very big -- some would call them austerity on steroids today and -- i think her line was, when is a good time to cut? you tell me.
but she stuck with that and dealt with for a while single digit poll numbers doing that with a staff abandoning her, key aides questioning her. she stuck by it. we see too many european leaders today backing away from the tough medicine any time they can. >> absolutely, neil. you hit on the head. i mean, she and like her president reagan, they had one thing, they had courage. enormous courage can, they had conviction in their courage to follow it through. that meant self-sacrifice and of course, in the end, her left ten ents tabbed her to death in a sea of blood knee deep because they couldn't take the hate. they didn't have the courage that she had and she said it like it was, did it, delivered and people in the end began to respect her enormously. she achieved things which seemed to be impossible. i mean, britain in 1979 was giggling its way into the ocean. she lifted it up, lifted it up
and together with president reagan gave us the great strategic piece that we're enduring today. i mean, it was a fantastic achievement. >> john, you were -- >> two people of like minds. >> as you talked about sacrifice and conveying that image, did you mean what you say, you say what you mean. but out of europe today, austerity to them is more about hiking taxes than it is about any real cutting, and i'm wondering if we're getting the wrong impression of austerity. there's not a lot of cutting going on. there is a lot of taxing going on. >> well, yes, but taxing is a sort of back handed cut. you've got two things going on in europe. you've got the general europeans who want to be more like the akg low americans and inflate money. and the others who medicine is austerity. it's a question of who wins within europe. i personally believe that germany will win in the end and europe will go through a period
of painful austerity but will come out better and stronger in the long run. and believe it or not, i'd be short the yen and long the euro, which sounds extraordinary today. >> wow. >> i think that's going to be the answer. and the thing is, if you don't go that route, you have to have leaders and leaders are rare and here we have president reagan and margaret thatcher who were leaders, who were convinced, ho had the courage to overcome this and to inspire people. you don't get that ordinary politicians will never take these acts until they're forced to by the bond market. it's the bond market when they can't sell their debt anymore that forces them in the end, just as it's forced countries, portugal today, cut back on social security and its benefits. >> we'll see if they follow-up on that. john browne, always good chatting with you, my friend. i know you're not really british. you're from brooklyn. it works every time we have you on. i'm only joking, of course. meanwhile, we're looking at this guy, another big is he about to go nuclear, john
mccain on the big test for all of us if he does. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience."
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t minus two days and a report to -- north korea will test launch a missile on wednesday. that could lead to real trouble. republican senator and presidential candidate john mccain with us now. senator, what's your biggest worry for wednesday? >> well, my biggest worry now and until north korea changes their behavior pattern is the accidental or possible outbreak of conflict on the korean peninsula. seoul is about 20 miles from the dmz. at the dmz there's artillery in
caves that north koreans have which have the capability of striking seoul. there's millions of people that live there. to somehow think that these people or person or persons think like we do and are going to behave like we do, i think, is something that we can't rely on. so i'm worried about that. as far as the missile launch is concerned, i think it's just another provocative step that's being taken. i do believe we can take out that missile if we -- if we have the ability to do so. that's a difficult decision to make. could i just mention one other aspect of this, sir. we go through this cycle of confrontation, negotiation and then trying to buy them off with oil or food or money or lifting sanctions. we've been through that cycle in both republican and democrat administrations. and based somehow on the premise that north korea would be willing to give up its nuclear
capabilities. approximate they do that, they would be totally irrelevant. by the way, don't think the iranians aren't paying careful attention as to how we handle this crisis and finally, the only country in the world that can prevent this aberrational behavior from continuing is china and china is not behaving as the world super power, one of the world super powers as it should and the chinese are directly responsible for not reining in north korea. they could bring down their economy in a matter of days. they are not doing anything. they're just sitting by apparently and not taking actions to rein them in. meanwhile, china continues their cyber attacks and continues to ratchet up tensions over the south china sea. >> do you think that our economic position, the fact that we really need the chinese, they still buy a lot of our debt and anything is giving us hesitancy here and that's why we don't get
in china's -- >> i don't know the reasons for it. i know how important our relationship is. i know how important trade is. but it isn't just on this issue that the chinese are not behaving as a responsible super power. neil, i've been around long enough. i was the great -- when we declared a normalization of relations. great expectations that china would evolve into a more democratic country, they were going to allow village elections, et cetera, et cetera. none of that has really happened and china is -- it isn't just on korea. it's cyber, it's confrontation over the south china sea and it's other activities that they've engaged in which, frankly, are not in keeping with the role that we expect china to play in the word. so ha do we do? i think first of all, bring pressure to bear in a number of ways as far as public opinion is concerned, but also recognize
we're going to have trouble with china. >> okay. it is a mess. you're right about that. wednesday we'll see how much of one. senator, it's always a pressure, thank you. >> thank you. you're not imagining it. it's going to be hell to fly this summer. we'll tell you how much. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one.
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♪ you think he ever flew commercial? not so fast, frank. not just planes soaring, passenger gripes are going up even faster. fox business network's rich, i never fly commercial, edison here to explain. >> they have commercial? i didn't know that. [ laughter ] >> what's going on out there? >> you look at the survey, flights are more on time,
baggage handling is better. still, customer complaints are up. first off, what are airlines judged on, getting you there and on time. no one is better than hawaiian airlines. alaska, airtran, delta and u.s. airways round out the top five as far as time performers. as for the bottom five in getting you there, american and express jet are worst less than 77% of the time. followed by united, frontier and jetblue slightly better than those two. as far as overall customer complaints are concerned, the best performance goes to southwest. they have the fewest complaints. united has the most complaints. remember, this is the first year that united is on this list as merged with continental. one of the analysts ho did this report say there is some difficulty in implementing these mergers. >> consolidation doesn't necessarily bring good things. it can. we can look at delta and say it has a chance at getting better.
go back a little bit to u.s. air and america west. did they ever get that figured out? not completely that well. >> still a fight in washington, d.c. is to what exactly these mergers mean for customers. eventually it lowers ticket prices and offers more choices. back to you, neil. >> thank you very much. >> temperatures are about to go up with planes short on space. my friend, mark murphy says get ready for a long, hot summer. he's detailed this for us. he's the author of travel unscript. it's a very useful guide to deal with all this nonsense. what can we expect? >> higher ticket prices. i don't understand how they can cut the number of carriers and limit our choices. but we're going to get better choices at better prices. so it's going to be more people on the plane, fuller planes because they've cut capacity. consolidation. higher ticket prices, that's a given. you haven't booked your summer travel, think about booking
sooner as opposed to later. if you show up at the airport, depending on the airline you're flying, don't expect to take off on time. if it does get there on time, your baggage is going to get there, we think. at the end of the day, we got to figure out other ways to travel if airfares continue to rise. >> another thing is on-time performance very, very bad. it's getting worse. so i always think of luggage that doesn't make connections or make it at all. >> sure. you mention connections. one of the biggest challenges is connections. a lot of the secondary markets don't have nonstop service to, let's say, destinations like cancun. now you have to route through atlanta or cincinnati or route through salt lake city depending where you're going. the challenge with that is there's so many combinations that you can see layovers of 16 hours on orbitz.com. that's why -- >> 16 hours? >> an $899 fare. then you look at the details, it's a 16-hour layover. you go that doesn't make any sense. you want to talk to a travel
professional. they can sort through all of that. most don't realize they have 40% of domestic airline tickets. it's a great way to have them figure out the best route at the best price for you. >> i know you're the expert, i play one on tv and read a prompter. you'll have to stand down on this one. in all seriousness, i don't trust airlines had they feature a departure time and the captain says we're going to be here another ten minutes. i automatically assume that's an hour. >> yeah. >> so the trust factor, the confidence level i have in the entire industry is being tested. >> yes. they brought that on themselves by stranding people on planes. that's why there's a passenger bill of rights. what came of that. >> nothing. >> they can leave you on the tarmac in 90 degrees. >> the government said there's limitations otherwise heavy penalties. they'll have changes to that. they're more responsive. we want to be informed as passengers, tell us what's going on. that's it. >> give me something is delayed,
that i'll understand. don't leave me hanging. don't lie to me with this ten minute at a time. >> i don't want to go on a plane with a problem. tell me there's a problem and don't board us if you don't think the plane is going to take off. that's the other big problem. they want to push back but they're not sure if they're ready to go and have you sit there because it's a pain to take you you off and put you back on. the size of the seats on the darn planes is a complaint. they get smaller and smaller. i'm 6'2", i was flying back from denver over the weekend, what happened is the guy in front much me, the ipad went flying, i thought it broke. the person in front of me leaned back. >> i hate when the person does thatment. >> fif thgive them a kiss on th forehead. >> it is ridiculous, he's right. >> to the corner of wall and broadway, investors are being cautious ahead of the earnings season. a parade kicking off today.
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powerhouse. out with numbers that were mixed. the earnings were a little better than thought. sales a little less than thought. this kicks off an earnings period where many are expecting a fairly flat to down quarter for the nation's premiere companies. in fact, this could see a decline year over year for the prior -- the first time we've seen that in about a year. scott martin, fox business network sandra smith. sandra, what can we expect? >> you know, i don't know that -- there's not too many people calling this a myth as far as folks i've talked to on the trading floor following the report. you look at the profit, they beat by a clean five cents. that's pretty good as far as what expectations were concerned for the overall. profits looked good, revenues fell slightly short of wall street, estimates that there's a little bit of concern on the street on that. one big note is that they're talking about increased, aluminum demand.
that was what everybody was looking for and neil, they're forecasting aluminum demand to be up 7% in 2013, mostly because of airplane orders. remember, that's what this stuff goes into. building those airplanes and they are forecasting that there's going to be more need for it. that's somewhat of a good sign. >> we were talking in general scott, about how alcoa kicks off this parade. what kind of parade do you think it will be for companies the first quarter this year when all is said and done? >> kind of a lackluster one, neil, i think. i really -- look, yes, on the overall, say, earnings number, they did beat. on the top line, which is really the number that looks good to me, that's the revenue number. it doesn't look so good. as far as that's the number i like looking at. that tells you how well the company is doing, neil everybody can be on the bottom line with profit margins so high. that's a concern to me. if you look at aluminum alone,
demand is supposed to be up this year. guess who the number one consumer is of a klluminum is, china. to forecast that aluminum demand is going up is optimistic to me. >> moving ahead with alcoa, there does seem to be, the market racing in and out of all-time highs. scoring its record high. and that a breather is in order. for no other reason that a breather is in order. do you buy that, sandra? >> certainly. if you look at the fact that there's a lot of concern heading into this earnings season about the full impact of the sequester. what we learned in that jobs report on friday is that retailers know something that we may not know. the consumer may finally be feeling the effects of that and they may be more pinched in the pocketbook than everybody thought. it looked all well, fine said and done for a little while here but we saw 24,000 jobs in the
retail sector shed in the month of march in that report on friday. that's not good. that means that they are seeing consumers shopping less, spending less. that could be a big forecast of what's to come. so certainly that was a big warning coming from the major retailers. >> i know from you, scott, that all of your colleagues have sort of a twisted logic to how things are going in that the weaker things look, to sandra's point to consumers being tapped out, interest rates stay low, that's sort of the real fire, keeping the rally going. >> yeah, i'll say that. neil, uncle ben drops money out of his helicopter hopefully on my front lawn. sandra is right, neil, the jobs numbers are scary. another thing that was scary, not only the retail numbers, but the wage growth numbers. nonexistent last month, my friend and really flat this year off of what was growth at the end of last year. year over year, couple years back in you look at wage growth, it's flat to negative when
adjusted for inflation, neil. nobody has money to spend. >> one thing left out of the report, no real dire warnings about europe yet. maybe the strong demand for aluminum in its case is enough to assuage concerns about that. a lot of multinationals have been talking about europe as a question mark, slowing zone. ha would the impact be in. >> that's going to be a huge question mark. because arguably what's led this rally and led the dow jones industrial average to a record high has been growth outside of the united states. whether it's china, whether it's in europe. so bottom line, neil, it's going to be the outlook, it's going to be what these ceos that make up the dow and the s&p 500, it's going to be their outlook and what's happening overseas is going to count in a big way because as i said, the dow didn't get there based on growth here at home. it got there based on growth outside of the united states. also, based on a weaker u.s.
dollar that's now turning around and getting stronger. so all of these things are going to play out. it's going to be all about the outlook, not necessarily just the actual quarterly performance of these companies, neil. >> we shall see, guys. thank you very much. in the meantime, chuck says that a deal is almost done. did the white house just make it all unravel? flying is old hat for business travelers.
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we feel really good about it and they are looking at it in the right way. >> i have no idea what he just said there. monica crowley who is well schooled in washington speak says that is a nonanswer. >> which is the answer essentially. look, you have two groups of bipartisan folks trying to work out some sort of immigration bill. you've got a gang of eight in the senate, also another gang of eight bipartisan group in the house. remains to be seen what they end up producing here. on the senate side, the key member of it, you have the usual suspects like john mccain who you just talked to, neil and lindsey graham, but you have marco rubio also andst a linchpin on the senate side. >> he's been holding out a little bit. >> right. he said we're nowhere near this. yes we've made progress, the groups have hammered out something critically important to this. but we're nowhere near this. this is a critical piece of legislation on a very complicated issue. he wants hearings, he wants public debate and he says, look, you need to give us time to get some republican and conservative
buy-in to this bill before it can go anywhere. senator leahy was the chairman of the senate judiciary committee in charge of this thing. he said look, we'll do one public hearing, we've had years of hearings. what you heard from chuck schumer yesterday is saying the same thing. rubio says not so fast. if rubio decides to throw the brakes on this, that's the end at least for the time being. >> do you know what i look at this for this? if i'm illegal and i'm here illegally, all this is good news because no one kicking me out. that isn't going to happen. whether it's a pathway to citizenship, whether i have to go slow train to citizenship, whether i even get citizenship. i'm likely going to be able to stay here and wait it out a long time. so they've won. they've won. >> the problem here -- i don't disagree with you. i think that's correct. the problem is the united states should be making our immigration
policies to advance american interests and serve what we need to have done. that's the purpose of immigration laws, okay? what's happening now -- >> you do want o seal the border. >> you want to be able to enforce your border and make sure you have your sovereignty in place before you do anything. and the visas so that we're attracting the brains around the world, serving the interests, that's what the immigration policy should be. instead what we have on both sides, it's being driven by politics. democrats want to lock in their percentage among latinos. republicans are freaking out because they see that support hemorrhaging away from them. they want to take the issue off the table for future elections. in both cases, i think we're going at it in a political way. >> if you're signing on to this with the assumption being that you won't pull a ronald reagan as he did with promises from democrats, they're going to tighten the border and they
didn't. then what's to behoove you from going through with this? >> if you look at the 1986 amnesty as you pointed out, blanket amnesty, you got massive new waves of people coming across the border illegally. >> and to stay here. >> this is why we have this problem. that number, 11 million, nobody knows if that's correct. we have no information on the exact number, who the people are, where they are, where they came from. wouldn't it behoove us to go after that information first before we do anything. close down the border, gather the information we need about the population that's here illegally now. >> they're not going do that. >> he gains more traction out of having this as an issue going into 2014. mobilize minority turnout for next year. gain the house of representatives back under democrat control and do whatever he wants. >> bottom line, if you're illegal and here, you're not going anywhere. >> you're not going anywhere,
right. border app herehensions have go up since this. >> rush in now while you still can. monica, thank you so much. hillary clinton polling way ahead of the vice president in a new white house matchup. he certainly has time to catch up, but their race for the money may already -- i can't believe this -- may already be over. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers.
clinch the race for the money at this early gauge. by chasing away money that might be seeking out other folks. explain. >> oh, my gosh, neil. are the clintons ever going to go away? i think she is running, i think that they're gearing up things for her to run. she's already out on a speaking tour, inked a huge book deal. she's doing everything that appears for someone that is running. as far as the money goes, as you know, that's my specialty, raising national dollars, especially with bundlers. i look for her to dry up every bit of that money because what's better to intimidate someone else from getting out there if they don't have the fund to run a huge national campaign. neil, last time go around was $1 billion. who is to say that this next race in 2016 won't be $2 billion. think about the -- >> she's drawing a lot of the financial support and interest early on against then senator
barack obama. she was still the prohibitive favorite, of course the media quickly turned on her and it was the unique fundraising appeal that obama was able to orchestrate. it's not a given, is it, or is she trying to be an early undeniable prohibitive favorite scaring off competition? >> of course, i think she's trying to scare off competition. you know what, as far as branding is concerned, a long time ago i think she was seen as a cold and callus. her brand has kind of changed. a lot of people have warmed up to hillary. i think that's what lost her the primary election between she and obama. when i was working for rudy giuliani, we actually thought it would be a scenario of hillary clinton versus rudy giuliani again like in the senatorial deal before he pulled out. >> i remember that. >> i look for her, not only to raise enough money if she does run, but i look for her to dry up other money sources. look, the big bundlers are going to go towards her.
they really like her. another sector is the women. >> that's hard, too, only because you build up high expectations and you've got to deliver on these off the chart expectations. if you don't, you come up shy, you drag the race out, you know, another candidate emerges who is doing better than thought, could be a different game being couldn't it? >> well, i mean, it all depends on who will be her running mate and what she does and i mean, the gop on our side, we're going to throw out some fresh meat that's going to be really spectacular because we have a lot of young guns, we have a lot of fresh ideas and good people on our party that we can throw up against that. you know, hillary -- >> it's all how the economy is doing, isn't it? >> absolutely. >> you can't be muddling along. >> if you ask me now, i think she's running and i think she'd be good. >> thanks. it is one thing to lose an iron lady, it is doubly tough when you look around and can't find an iron anybody.
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>> my face softly made up and my fair hair gently waves. [ laughter ] the iron lady of the western world. [ applause ] >> neil: well, by now you know maggie thatcher is physically gone. she leaves a europe whose leaders appear long gone. no backbone no, courage, no clue. you don't have to be on the left or the right to see among the crop of global heads of state something is very wrong. governments have gotten too big. and the bills to pay for those governments have now come due. and they simply don't know how to pay those bills. so many leaders just, well, they just punt. preferring talk of shared sacrifice but never really sacrificing for fear of sacrificing their own jobs in the process. i think it was another great british leader who admitted to his people that all he had to offer them was blood, toil, tears and
sweat. winston churchill telling an already war weary britain, you ask what is our aim, i can answer in one word, victory. decades later, maggie thatcher offered much the same to an inflation ravaged in economically ruined britain. much pain but from which she promised much to gain. it is hard to imagine what the so-called iron lady was facing then and what she had to face down then. union workers who wouldn't accept her cuts so they went out on strike for years, from sanitation workers who called her garbage and let it just pile up on the streets. to college professors who called her worse and burned her in effigy in british parks. her own cabinet questioned her. some turned on her. all fearful of losing their precious political clout and jobs because of her, because of her refusal to
go slow on those cuts, to give in on those cuts. she would say there is no good time to go after government excess. there will only be bad times if we continue with government excess. you know, there is an old expression the cure can be worse than the disease. europe is now in the fix it is is in because it cannot distinguish between the cure and the disease. so it is always said, and it is always getting sicker. resigned to the blatherings of gutless leaders whose lack of backbone gets only scarier. it wasn't just that maggie thatcher stuck to her guns. she stuck to her principles and the result was a stronger, more vibrant britain. makes you wonder if the crop of leaders today showed remotely the same resolve, if they did, if they could, the result would be a stronger, more vibrant world. that's the real drag remembering mag. it's not that there are no more iron ladies. there are no
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