tv Lou Dobbs Tonight FOX Business July 17, 2013 7:00pm-8:01pm EDT
before procedures are done. that is it for tonight. thank you for joining us. have a great night. >> good evening. thank you for being with us. and has been four days since george zimmerman was found not guilty of murdering trayvon martin l the ignorance operating is reaching alarming and disturbing levels. we begin with the white house. press secretary jay carney today confirms that president obama is firmly behind attorney general eric holder opinion that "stand your ground" need to be changed in the name of gun-control. here is the spokesman earlier today. >> the laws that we see on
the books ought to be reviewed a and examined whether or not they reduce the problem of gun violence or in denver and they make it worse. we need to examine those laws and examine them with a gold mine to reduce gun violence. lou: al sharpton takes it further speaking at the naacp conference, he proclaims "stand your ground" law themselves are a violation of civil rights and claims "stand your ground" for the shooting ignoring all together that it has nothing to do with the is a brendon defense team argument. >> there is a lot in this state called "stand your ground" that is the worst
violation of civil-rights of state law in this country. and until we can overturn "stand your ground" we risk other trayvon martin and what we must do is to stand up and deal with the civil rights investigation to end "stand your ground" at the same time. lou: the congressional black caucus today suspended any sense of reality by disputing the findings of the jury and the fbi investigation into the counter itself. the jury had more than enough reasonable doubt to acquit zimmerman of murder and a manslaughter after a weak case and the fbi found absolutely no evidence whatsoever with which to recused zimmerman of racism or bias.
but here is congresswoman brown from florida. >> we all have heavy hearts. concerning the martin case, the part of the problem is that we don't feel the judicial system is fair. there has to be some fairness in the system. the system is not working. we do know that mr. martins civil rights have been violated. lou: they rejected the entire u.s. judicial system saying that they know better than the fbi but the evidence is the president is using a the verdict to push restrictions on second amendment rights. citing violence and distrust now we are only four days from the verdict. our first guest is here to evaluate some of the statements from all sides of
the political spectrum. here is just a recent sampling hot . >> nl mother or father should ever have to fear for their child walking down the streets of the united states of america. >> and tell the "stand your ground" plot is abolished import that we will never performed there again. >> they want to give george zimmerman a gun now? he can get back? say if he getsn casey anthony gets a baby. >> it is not about trayvon martin that the politicians use the four boys' death to
push gun-control so now trayvon martin is being exploited lou: joining us now radio talk-show host monica crowley, and michael good when and rebecca, let me begin with you. we are watching a stampede of civil rights activist with his administration the chief law-enforcement basically says to hell with the u.s. judicial system and to hell with the evidence we will play politics with this verdict and rebuild demonize and persecute and tell hell freezes over. >> i am so sad to see a situation after this verdict
we have a criminal justice system that did its job the prosecution put on the case case, the defense put on the witnesses to allow the prosecution case to speak in a self-defense situation that george zimmerman and the jury found was not guilty. they acquitted him. that is it. that is why we have a justice system. lou: have you ever seen a president and the attorney general basically dishonest the foundation of our -- dismiss our judicial system and a verdict? this is incredible to me. >> via answer is no. nothing close to this and it is increasingly hard to see the difference between al sharpton and eric colder. they are using the same line of attack and i will point
out that al sharpton before has been the go to guy with the white house wants to reduce the argument so i see there will now be a push to do away with the "stand your ground" law to make them unconstitutional. lou: who cares what this administration thinks about gun-control, a gun rights, and "stand your ground", it is absolutely in different to the law that it disagrees with a and it is absolutely committed to the politicalization where it has the ideological purpose. >> but he initiates the agenda to require a response lou: the idea that this administration over the course of four days but then
suddenly the president's spokesperson says by the way he agrees with the civil rights activist and everything that is said by reverend al sharpton, all that has been uttered by the attorney general, what kind of games are they playing? >> very early on in the first term from a major will actually said never let ed good crisis go to race even if you have to manufacture one. see how the victim of trayvon martin l they leverage to get done control because they could not get it through the legislature or congress. number two, to exploit the death of trayvon martin to take a political opportunist of which they are one in the same to try to divide. the left cannot really
governor in because they have no history or virtues or arguments on their side. they have to divide to conquer. that is what this is about to introduce the racial element in for this administration to use the department of justice, which is not the department of social justice. the department of justice should show equal protection under the law for all of us to use the doj that await the use of the irs to target broad sections of society one group over another is a disgrace that and is a constitutional republic into a banana republic. lou: what is the profit? to poorly served those that you pose as representing their interest?
will space get 40 percent of black you sit and watch al sharpton playing games and has a music mix behind him as he tries to rally the naacp to what? attacked the jury system. "stand your ground" instead he should be tending to his flock. i find it extraordinary that this is happening because the division that you talk about, why not focus on actually moving this country ahead instead of this nonsense? >> to me is the ideological war. ideology over everything else. education, even the legal system doesn't matter. it is about transforming everything and this is all part of it.
one issue at a time with the federal government in charge of everything. so nothing matters individual liberties are curtailed because the president of the united states wants it. lou: we will come back with our panel so how can president obama, how can and al sharpton and eric colder in good conscience stand up and act as though trayvon martin is murder, murder, death, shooting, was more important than the deaths of the four children that died in chicago, the president's home town during the 20 days of that trial? hal has he not said one single word about those children who died without guns in their hand and
without standing their ground? and this president has not said one word about their families. we will be back. much more on the political fallout of these suburban verdict in the dangerous political games being played by the so-called community activist. stay with us. >> edward snowden inching closer to the asylum deal with russia. we have the fall'' -- will report ahead. i turned 65 last week.
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174. 22 democrats siding with the republicans on the boat. republicans making the point of the obama administration will provide employers with a one-year delay, they will also provide for the individuals. both of those will no doubt be ignored by the senate but you never know. there's still room for surprises from washington d.c. as for the president himself, no surprise he will defend a lot during a big speech tomorrow at the white house. back with michael and rebecca and monica. wino presidential attention to the four children who were murdered in chicago while the jury was exonerating george zimmerman ? >> i don't know the focus. is seems to be misplaced for
the executive branch has their powers the legislative branch has their powers of there are laws that people are unhappy with the new appeal to your senators and representatives and then those are changed based on the constituency. this is not a an executive position to take on one individual case that is very unfortunate. no one wanted him to die but the court found by a jury of his peers, yes, his peers, they were fairly chosen bible sides. both the prosecution and the defense chose the six women they deliberated, they heard the law and they applied it. lou: and they believe in the u.s. judicial system except of course, the attorney general of the united states and our president and
referenda all sharpton. >> i would love to listen to him again to set the tone for the naacp. >> i don't care how controversial you think we are. i realize when we come cover the heat is someone and we have got you sweating. we cannot have our sons and daughters put their lives of the line for anybody that wants to follow them and kill them to say it is self-defense. we did not come to argue the jury verdict. the jury has spoken. it is time to march again. it is time to march again. it is time to march again. stand-up. fight back. lou: show some guts in march on chicago where more than
200 people killed so far this year, in the city and chicago in you might might, reverend, call-up the white house to talk to mr. obama talk about those children that were murdered. quit playing games and tried to help the people the you purport to represent. that would be helpful. just a thought, rusbridge. -- reverend. this is headed where? with a rally of the msnbc post. maybe i will start an action network. this is crazy stuff. msnbc host, reverend al sharpton and activist, a political advisor to the president, really, what is he doing? >> he is freelancing in the white house is with him and the justice department will help him.
lou: they paid for demonstrations. the justice department paid to help the demonstrations against the georgia zimmermann last year. >> and it is supposed to be the non bias' body. where is that the? lou: why the hell should the justice department? >> there is the other side to the chicago story. you have new york and eric colder talks about "stand your ground" but the york city police department the most successful police department in america about getting guns off the street, eric holder wants to put a federal monitor on it because he thinks they are too restless because tens of thousands of lives but yet holder wants to smack down. his priorities are backwards
>> we have all seen verdicts that we disagree. casey anthony, o.j. simpson simpson, this system is constructed this way. what they do now to use the president and the attorney general, the department of justice equal protection of the law, which use that section of the u.s. government to exploit a verdict for political purposes to empower them to you do that? it is destructive to our constitution and our way of life. that the national media plays along, a totally reckless and irresponsible and destructive. lou: they will kowtow to the power and president obama antall eric holder are not speaking to them but they hold power political and governmental power in this
country and tonight we will speak truth to power and thank you for doing so. turning to wall street and get a 10 month low in june looking at a slowdown of apartment no. construction stocks finishing flat after testimony from bernanke. retire from the stage if you will. the dow gains 19 points. rolling stone magazine tops off the day's list of award winners on the broadcast for this tasteless cover and we will bring you up-to-date on who else is winning the lowest award tonight. stay with us.
politicians are competing to say the dumbest things possible and when they do we would like to recognize them they have done and said our first lottery this senator lindsey graham who suggested this week the united states should consider boycotting the 2014 winter olympics in russia if it grants asylum to edward snowden. the suggestion and quickly shot down by house speaker john baker. >> i love senator graham we have been close friends for 20 years be he is dead wrong why would we want to punish u.s. athletes who have been trading for three years to compete in the olympics over a trader who cannot find a place to call home? lou: well said.
reapplied you. by the way democrat senator also rejected the suggestion and so did the top russian lawmaker you don't see that consensus every day and senator graham is the beneficiary of that all. he is the first dunce cap of the evening. congratulations for you have to be trembling with the honor. next up senator john mccain who has been sounding like the democrats have a best friend and ally and collaborator. here is the president giving a shot out with richard coeur dray as the new director of the said consumer protection financial bureau. >> yesterday richard was officially confirmed i want to think senators from both
parties including senator reid, senator mcconnell, as senator mccain for coming together to help to get him confirmed. lou: that's right. senator mccain getting credit to broker the last-minute deal to preserve the filibuster and it was senator mccain who helped the gang of 8 bill passed last month by the way the house is so opposed to the legislation they have refused to take it up and is dead on arrival despite the cannes help. political is reporting he is very fond with majority leader harry reid this week for going against his party in aligning himself with those of washington senator mccain gets a dunce cap.
richly deserved. we finally break protocol with an entire organization has the award. rolling stone magazine for their new list cover glamorizing boston marathon bombing suspect dzhokhar tsarnev. no explanation needed. sometimes you just don't have to say too much. their actions are just plain stupid. >> the fate of the immigration reform rest with representatives. every day we're working to be an even better company -
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massachusetts soaring to new dangerous levels as the first big heat wave of the summer has landed on the east coast. parts of 19 states are under weather advisories with temperatures hitting 90 degrees or higher the weather now blamed for at least one death of a man dying from heat exhaustion in kentucky. a cold front will begin to drop self starting tomorrow but it will not sweep into the other states until saturday now talk about the children brought to the united states illegally it is being hammered out by eric cantor and bob could not. >> these children were brought here of no accord on their own and frankly there
an a very difficult position and i think any members believed that this needs to be addressed. >> his comments seemed to be coming from the question when it will release the immigration proposal. joining us now is a member of the so-called gain of seven and the appropriations committee. great to have you with us. your reaction into the speaker's remarks regarding the children brought to the united states by illegal immigrants? >> one thing that the defiance of united states of america is the aristocracy we could be a drug dealer we don't hold that against the children yet people here their parents made that decision they have done everything right and we should hold them accountable for their actions and that is what the speaker is
talking about. reordination of laws. lou: your house is one of rules and order. are you going to proceed as the chair did has persisted with regular rules of order and hearing sandy open to and transparent process? >> we have seen what happens when you try to ram something down the throat of the american people. obamacare sound familiar? what we want to do we address stand we have an immigration system that is broken. but we have to get right we're not an a hurry to rush legislation but make sure we get it that fixes the system to protect rule of law to help the economy and fixes
what is broken and to try a to get a right. >> did you are supporting the incremental process by a speaker brainer as well? >> frankly it is a strategy position if we do that and one bill or three bills that what i am committed to do i got elected not just to sit here and do nothing but fix problems and everybody recognizes we have a broken immigration system in millions who are here undocumented and to ignore those will not make a go way. i want to fix and to right and carefully to make sure since we have a president follows the lives he wants to follow or selectively only those the once enforced
we need to ensure it fixes the problem and does it right so we have to take more time then so be it. lou: i say the american people are ready to fix that immigration system and have been for a long time but they have been gained by politicians of both parties. what they ask is language and action to secure the border to assure we will not go through this nonsense again to make certain we come up with a resolution to secure the border and the ports first and foremost. do you think the house and the republican party and the
senate are ready to go there? >> we have to be. this cannot be the only country on the planet that can determine, every other planet by the way makes those decisions but we for some reason are not allowed to? in those that selectively enforced the law and knowing that we have to pass legislation has to be done methodically. the force is the administration that is a crucial part. that frankly the legal
system is not working so kid we create a system that legitimately works? can we do all those things in a responsible fashion? there are millions here and documented. lou: those are ready to do exactly that. not to be gained by this president or either political party sinecure right. border security was promised but not delivered but if we really can have the enforceable border security, a common-sense security with the added challenge if we can't do
that they will excepted then if not it will not pass the house. lou: take the minute to visit our social sites for the link to e-mail, facebook , follow me: twitter. we could spend a lot of time together. ben bernanke easing wall street concerns while placing the blame squarely on washington d.c.. we will talk with the author of high-frequency trading in what direction it is likely to be. inexpert ♪
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they remain flexible with the bond purchases. >> unemployment still high and with inflation running below our objective it will remain appropriate for the foreseeable future. they are by no means for the market. >> our next guest author of the book high-frequency trading. >> it is always a huge pleasure to be here. lou: is the embracing all investors and equities? >> the most interesting thing today is he emphasizes
he is switching more to inflation targeting kept emphasizing he is looking to target the 2% inflation rate and over the past 10 years and he actually personally believes it is over and the good times are to come. with their equilibrium growth. >> with the unemployment rate and inflation as you point out of nowhere near that 2.5% target that has to worry a lot of people. the esters thinks we should
just got the asset purchases right now to move onto a real economy we have a real prospect to move into the deflationary environment? >> but the perfect case for that is japan. with under quantitative easy for a while and has been in a deflationary environment. that is still there. >> everybody is buying putting money into equities. lou: aig have conviction of that. >> i do. lou: looking at to be a national park, in the last
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skier because of the water filling his helmet. nasa said he could have choked and drowned. there is no word on what caused it but he is injured and treated thank you for the positive thoughts and prayers. to members of congress want to make the landing sites on the moon national parks to protect them from private enterprise. we thought we would talk to somebody who knows he is talking about on this issue issue, the last man to have walked on the moon, it is great to have you with us come a captive. >> great to be with you. lou: let me get your reaction to what that must be like. you spend almost one full month in space but for that action ought to have water filling his helmet, your reaction?
>> been there and done that for you may remember i was the second american to walk in space with the pretty ambitious plan and quite frankky we found out we didn't know what we're doing you have a lot of help but you are really out there alone and there was some concern at 1.to buy would become a human satellite. that was not my intent but with its zero gravity he has a water cooled suit. it is a closed loop that just circulates. i don't know what happened there could have been a whole with a zero gravity it is in a bubble you don't have the ability, you cannot get your he hands inside your helmet. lou: he had a problem and
you had a few problems and of course, people think of u.s. the last man to walk on the moon but you had some pretty close calls as well. but to share with the audience your most harrowing moment? >> you learn not only from other people's mistakes but from your own. tom and i tried to recreate, we did everything bubbly and. we went down to 47,000 feet by they would have been staged on the moon with the back of guidance system to separate the vehicles justice if we had actually landed. that was the plan and it worked out pretty well.
we have practiced this 1 million times that we had to guidance systems we had a switch in the middle, i switched to abort and he reached over and switched it to primary and the primary guided system had a way deal where we were. we not only learned from other people's mistakes but we also learn from our own. lou: you had 15 seconds to fix that? >> and i saw it about eight times in 15 seconds at another 10 seconds he would have seen enough energy at of the ore bet but it when i became commander of apollo 79 told my partner this is
your part of the spacecraft and this is my part in did you reach of rye will break your are. [laughter] lou: always great to talk with you and listen to you. very quickly with you think of the idea of a national park? >> you may think it is of little far fled -- far-fetched but the apollo 11 landing site is in international treasure of our country. i do think there is some merit in the ada to keep the pristine to keep the same way nature has done that but to keep the same way when neal made the last of the first deaths.
the rest, we do need to bring some artifacts back but they should belong to the nation whose took them to be displayed for all humanity. we have gone to the north pole, a south pole, we just left this planet half a century ago and that spot that really ended on the moon truly is a historic monument to civilization. lou: well said. i could guide agree with you more. i have to say it is still standing to think after all these years your last words as she prepared to leave you knew it would be a long time before we got back and it has been far too long and just as always thank you for all the you have done.
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>> thought this bad crash was bad. it. neil: what happened today? we were down for a while, at thousand points, a big concern that maybe we were finally having a correction, i.e. meltdown correction. they used a crazy stuff like that because hackers are targeting stock exchanges and things could get worse. welcome, everyone. more than half of the world's exchanges say the there were victims of tac attacks last year. trying to crash markets and steal millions. the majority come from china. today we learned china has more than half a billion internet users which m