Also in this playlist...
This transcript is automatically generated
And we refused to throw in the towel and do nothing.
We refuse to let Detroit go bankrupt.
I bet on American workers and American ingenuity and three years later that that is paying off in a big way.
What does mommy do Romney said don't let Detroit go bankrupt.
When the discussion of Detroit the city of days off.
Came up during the 2012 campaign that was the president and his weekly address October 13 2012 and vice president Joseph Biden.
-- Paul Ryan and -- vice presidential debate at this and trade college in Kentucky.
And this is power play and I'm Chris -- -- and happy Friday and if you live.
Anywhere in the eastern half of the United States it is disgusting -- hop.
It just -- so it's in it's no tie Friday by necessity.
Here as we try to keep our heads up keep our -- up amid that he.
In Detroit however.
The situation that had been.
Brewing up for a long time this case came to pass this is -- city filed.
Now we'll talk about that what the political contours are will you end up bailing them out you -- you might as possible.
Work -- workers are gonna take a bath or what's gonna happen to the city will they just let the coyotes and the raccoon was take over.
We'll talk about all of that we will also talk about it.
What we now know.
About what happened at the IRS in all of the folder on silliness of yesterday's hearings there was in fact there was in fact.
Some some things were revealed some things were learned in between the shouting -- the yelling and the finger wagging.
What about this what this what about this.
-- -- Today and what do they know about you what do we know about them.
They're trying to.
Reassure us we'll talk to one of those in charge of overseeing them.
One of the members a Democrat from California in charge of overseeing and about.
What we -- -- do all that today we will do it despite the -- With Chris Chris -- -- because Juan Williams is here.
-- Williams always keeps it Chris he is a Fox News contributor he is probable at the Juan Williams you can read it.
What he writes that it is excellent -- at Fox News Latino and act the -- -- while.
-- -- -- -- It's any less for their commitment -- airlock who -- here -- out there there was an irony I noted today I wrote a column.
Yeah I did.
I wrote -- -- there's an irony I noted that.
The accusation leveled against -- run in the 2012 campaign was.
He wants to just let Detroit go bankrupt now they were talking there about the Big Three auto makers.
But you heard the president there you heard Biden this was repeated -- but -- let Craig go bankrupt we learned today that the emergency city manager in Detroit.
Call the White House and said.
You have to help -- -- structural loan package -- you have to do something you -- -- declare bankruptcy the president and his team decided not to so is there it's.
It's -- I don't know if it's ironic that it's it's certainly there's some there's some policy in that.
That it was over that Obama did decide ultimately to let Detroit go bankrupt.
I think it was a right decision.
I don't think there was I am not a good investment you know it's a bad investment and I don't think the United States and I don't think anybody.
Who's in that business thought it was a good idea -- the president or for the administration.
To bail out what is leafy greens did he.
Eleven billion dollars in unfunded debt.
Nine billion of which -- pensions and other employee benefits totally unfunded.
And and that and that's their state -- play the the rest of the state of play as they -- the highest violent crime rate -- many sit around the country.
They lost they lost 26% of their population since 2040% of the street lights don't work.
The average call response time if you call the police in Detroit is one -- It's -- -- -- -- it has failed at central -- think anyway but just as a matter of basic.
Economics viewer call and I think it will is.
Was Akashi said.
Ford to city drop dead.
That was that front page of we're dealing here I think it was a daily news I've I've yet somebody will correct me if I'm wrong but I think it was the daily -- news.
Who in the city of new York and I think it was earlier that wouldn't that Ed Koch could have been lazy maybe.
And that said hey Mr.
President we need this -- Carter.
Knows Jerry Ford because journalists here -- -- to -- Ford to city yeah.
Dad got there and this is similar plea came up from the correct of course differences no American prison especially Jerry -- in those -- want to be -- -- deflected for a that let New -- the largest city in the country.
Go -- so -- eventually relented.
And came in with a big -- acted something like ten billion dollars in -- -- huge money guaranteed -- -- -- smaller though than with a treasury asking would have needed right now -- and I must think -- much worse and that's.
Oh wolves so yeah I mean for Detroit the way forward is is -- impossible but that doesn't mean that there will be a federal bailout for Detroit all of what -- today.
Doesn't mean that in the end pressure from union groups.
And pressure from African American groups that say this is our city.
You can't just let us go under I mean that nine billion dollars is owed to union workers.
Who -- Have there was -- they were part of their contract the monies -- to them.
Well I just don't think it's going to happen and I think the politics.
And the austerity.
Atmosphere in the country it just doesn't politically open the door to there's so many people who are.
You know feeling like you know what taxes are high government is big I can give I give you the only artist there were even arguments about -- you know like hurricane -- do you remember that when the bailout understand the.
After 1950 great about this well that was the -- Having in 1953.
So how much -- GM and Chrysler debt before today were bailed out.
Eighty billion dollars -- -- -- we've basically GM took a sixty billion dollar burnt.
-- -- and they waited and I wonder if what we won't do here one is at with the city of Detroit similar to Detroit in terms of the auto makers.
Which is basically what happened was the administration.
Bankruptcy law they went into a room it was like we're going in the room something is going to happen in this room and when we come out.
These dads and these obligations are going to be -- and is something like that that the bondholders get.
Like you're not getting paid back but we're gonna make good on the -- is kind of -- thing that some sort of structured banking that the administration committed intervene for structured bankruptcy.
-- -- I'd be I'd be surprised -- -- -- but I -- I'm curious about what you -- which is that the use who put pressure on.
For the pensioners -- and but you know where again the pensions are going to get hit so it's it's going to be if they they'd be lucky to get fifty cents.
-- quarter and down.
Remember that there is a great deal of sentiment that in fact the deals that that the pensioners got word.
Excessive in the first place and that contributed to the bankruptcy and you -- Jerry Brown California.
Have to go act yes cutting you've seen this.
In from Republican governor is now around the kind of -- like it again.
That a good thing they like okay Jerry Brown is like -- -- -- and why.
One caveat to this.
Full story I think when that president inviting we're talking they were talking about now there's -- great video yeah.
Auto industry it's.
Just it's ironic that earlier -- they seized on the tag line for Mitt Romney who it said it let Detroit go bankrupt they came back to that.
8011 times so it's not that's -- it's not exactly eye ironic but it's it's there's -- -- -- it because it's like.
Detroit did go bankrupt Mitt Romney was making.
Auto industry didn't go bankrupt and it has everything in Shanghai -- The auto industry preserve jobs and preserve an idea of an American auto industry in Shanghai.
-- -- reselling our inside billion dollars GM just invested in a new plan mentioned not being doing in Detroit yeah they didn't take any jobs or money away from in fact this payment during the campaign like eighty times -- Yeah like eighty some -- -- you know people ought to do if they're Smart.
If -- -- support it should read you -- keys.
On traded on that people who eat dinner at Fox News that an imminent release here that's out today in the united showing it to you now -- is out there yesterday but it's it is quite excellent -- retreating.
Stay cool Juan Williams flyers hang out with two years -- -- That -- if that were true mark Leibovitz is going to -- -- a lot shorter.
OK we're gonna take a quick quick break.
But when we come back.
Let's talk to Bill Kristol about the question of what the heck happened at the huge -- thoughtful of -- On the IRS -- what the shouting doesn't matter but there were some consequential things ahead we'll talk about that.
When we come back.
So stick around.
Have they spokes person.
For the president of the United States.
Make it up and it -- statement.
That it was two rogue agents and start poking at these people.
Who have no power.
To do anything about it that it's wrong.
How dare anybody suggest that we're at the end of this.
This is the beginning -- this we have to make an example of it.
That's I don't did indeed -- bridge.
Came from one Jason Jason -- -- a Republican from you -- in yesterday's house oversight hearing about the IRS.
And this is power play now what congressman was talking about there.
If congressional investigators had stopped win.
Win it Democrats in the house and the administration said they should have stopped when -- -- -- the IRS we would not know what we have learned this week.
What we learned this week was that one of only two appointees by the president to political appointees inside the semi autonomous IRS.
Was at the top of the food chain or at least we think is the top of the food and inside the agency when it came to.
Slow walking applications from conservative.
Groups to the IRS for nonprofit status.
What happens now what happens now.
You know who knows what's going to happen now because he's seen it done every which way usually wrong but but has seen it done anyway.
Is Bill -- key is of course other than being Fox News contributor the -- -- mobile editor of the weekly standard.
It is now it is on Twitter account that we will try and get Steve that is true to talk him into it sign you up.
Were you guys it will happen okay what happened aren't -- -- you like some of his eight -- and fun.
-- -- so debated had a very Smart piece today.
And basically said.
And that hearing yesterday was a total debacle as they're shouting in the Democrats as you know Elijah Cummings and everything would get up and -- -- -- during the testimony.
And then there's some yelling in the back and forth.
But we do now know something that we didn't know before.
David you mentioned the -- me to rock member for two months ago early on of the episodes discussing this -- -- was someone.
Democrat and he said of the proposal discredit themselves leaders are going to be a mass of individual Republican members of what you -- rules are silly things.
And -- ever -- -- that I think it was right in this case.
Doesn't matter doesn't matter so we know that the Watergate hearings weren't perfect by people -- stupid things into the -- I did today reality is reality.
And I get the Republicans in the house a lot of credit for saying you know what this doesn't look like we should be satisfied with it's a few people Cincinnati.
And now we have one of two political appointees the General Counsel of the IRS is very senior position.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Doesn't mean he's had a conversation with other people who -- -- the White House -- the administration but he's not some guy who's just like -- tax expert who never met any.
You know anyone else in the president's immediate circle his -- his name is William will sentence and he sort of his of the Clark Clifford school.
Of influence in Washington he's a lawyer.
He has been around a long time he has a lot of influence a lot of connections in town -- it starts happening in we've seen this before.
Which is and actually what comes to mind of the Clinton gore fund raising stuff.
You start pulling on these threads and sooner or later you get to a name that is big enough.
That event -- starts getting some interest in over oh his wife works here and so and so -- and he used to be on that committee.
And he was ever there and you start to see how it tangles.
And also the notion that this was either.
Not political just kind of a bureaucratic mess that's not true.
That it was even handed -- -- -- -- uniquely true.
And now it's pretty clear that any.
Partisan Democrat doesn't mean it's -- a decent person and a you know is doing -- we don't know right but nonetheless it was a political appointee.
Was it was basically I'm on top of a process that was radically delaying the ability of Tea Party you know the conservative groups to get organized in 2011.
-- that's a pretty stunning fact and I think Peggy Noonan was not given -- hysteria about these things.
I -- quite the contrary maybe you know in this she is right to say this was a big day yesterday's was.
-- and who got it was trade -- trade area I'm I'm sorry I didn't think to give that you have that sense for you.
With pictures but that trade -- basically said let's recap.
And talk about what we were what we were told.
And what turned out not to be true and how this goes and eventually you get to the point where not only is this not isolated or accidental.
But the degree of cover up Wear and even if you say that Jay Carney didn't know what the White House even if they just -- -- even if they didn't know.
That the very fact that -- and others.
The nature of what was going on knowingly misrepresented the nature of what's -- -- -- tell you that there's there must be more.
Well I would think so it -- you don't know until we have the stroke is a -- and that's obviously the next.
Think to look for as well as -- -- sort of -- you don't know quite who else was involved and what else happened and whether he spoke incident Treasury Secretary if it would have been Jack lose their right and I'm sorry.
Jack who's now -- he's now it was then that the -- be at the White House then Treasury Secretary.
Geithner and you know he's a senior tough guy in other words that he was in circles that are different from the circles any reason -- eight.
Well established bureaucrat at the IRS -- and I think that's a key point do people on the hill for -- and he.
They really didn't give special scrutiny and under them and -- scrutiny.
And I just couldn't even delay and -- delay and harassment.
To Tea Party groups so I I think that she goes and I think the house Republicans having a good job this against -- -- -- -- highlighting the have problems of the vote there in the president's decision to delay deployment and not individual mandate to got votes on both.
As I said the week after it acts before they -- -- -- -- -- a bunch of votes.
On various issues and one of them -- going to be key to keep the IRS out of the -- here.
You know there is a central role in administering obamacare they get all you can please you -- -- -- -- employee you have to decide on subsidies and -- I guess what.
That they get a lot of employees as a result of Obama during their plan to I think that's a very good issue for the Republicans to raise it -- another string -- them.
Train -- -- -- obamacare.
That's a tough vote for Democrats on the I guess I'll just say these are all just plaza stuff.
It's the same 35 that -- -- would delay the mandate.
You get those same 35 swing district Democrats that'll say well of course I wouldn't knowing that the -- senate -- -- it for the Republicans as you point out.
And -- on -- wherewithal to do that.
I'm -- they should just let the -- block things you know I mean everyone has taken it for granted -- reach recesses are the power to block his agent you can do things fill the tree Italy's practical approach things.
Still -- the -- determined by a senator and minority.
Submitted evidence on some -- legislation which is harder to block and I really hope that Republican senators to take the ball up now from there.
House counterparts and force votes on some of these Obama care related virus related issues.
Lot of people -- -- your friend Liz Cheney for challenging my hands in -- before we go.
-- -- are they being unfair.
To her you know where the party competition entrepreneurship -- -- -- -- -- like senator and -- and to make his -- honestly they're gonna do so.
In a civil way and let the voters why we decide who they want for the next six years -- against presuming that.
Featuring coverage should always be renominated.
But I'm -- but -- -- fair to say we shouldn't presume that this change to try to wanted to you know should necessarily get the support of -- Republicans that's why we have primaries he favors the process.
But he likes the likes them both and his friends it was an all right.
Bill -- we thank you very big surprise -- wise counsel to us here today.
More council ahead as we talked to a senior Democrat who serves on.
The permanent select committee on national security he knows stuff we'll see if we can get -- beautiful state secrets.
-- -- -- -- were telling them here's our playbook here's how we're stopping you perhaps if you tried -- different -- you'd be successful.
And that's just plain crazy.
What we're doing is irresponsible.
In this area in I think it's significant.
And irreversible damage to our nation.
Dire assessment strong from general Keith Alexander director.
The NSA speaking in Aspen Colorado where it's cooler.
Yesterday uniform on national security and this is power -- welcome back.
And welcome please if you will congressman Adam Schiff.
He is a Democrat he is from California.
And he represents that part of Southern California and he also -- certainly permanent.
Select committee on intelligence congressman welcome.
So question for you.
It's part of your job in congress -- to provide oversight.
For our intelligence community.
First do you agree with general Alexander's assessment -- -- -- What are we doing and what should we be doing when it comes to oversight of that agency and others in the -- -- Well I do agree with the assessment that the leaks have been enormously damaging and not just this league we've had a series of -- now.
On a variety of very sensitive issues than it does tell our adversaries a lot about our sources and information are methods.
It allows them to adjust and use different tactics used different.
So yes it is damaging and I don't think we know yet the full extent of the damage.
But we do see as some of our adversaries already reacting already potentially changing the way they do business to try to evade our surveillance.
-- so there's a real cost to it.
It is the reason I hate these programs are classified.
At the same time I think we're.
Also engaging in a very important debate about the balance between security and privacy.
In this country and I think we'll probably make changes to try to.
Better inform the American people about.
Of the legal issues that are involved -- how the country is balancing.
The need to maintain privacy with the need to keep the country -- So you can say that -- were OK it's OK but we need to be better talking about it.
Well I wouldn't say the leaks are OK I don't know -- -- the amount of surveying the amount of domestic surveillance and the way it's conducted is basically okay.
Well I would say that actually some of the programs can and should be restructured.
The program that most Americans are concerned about right now the telephone metadata program.
Is a program that we now know he's been publicly released.
Has the government accumulating vast amounts of data.
Only -- that data -- relatively few number of times each year.
But nonetheless collecting.
A vast -- information about phone calls made within the United States.
By completely innocent people.
I think it would be much better to have that data retained by the telephone companies.
And have the government only go to the companies when we need to -- the data about a number associated with terrorism.
I think that's technologically feasible I think it's better respective.
-- better respect the privacy interest the American people so I think some of these programs can and should be restructured.
And that recommendation I made some years ago but I think the NSA is now pursuing.
With great interest.
So there are ways that we can do these programs living better.
That give us the same results but don't raise the same privacy concerns for the American people.
-- some anxiety.
In Washington now about.
Our efforts in Syria.
And there's a big intelligence component in this after the fact that the way that we are.
Trying to armor quit the rebel forces there is in them sort of Covert fashion.
But also what intelligence and what we know about the rebels that we're trying to help.
In Syria who they are.
David Ignatius had a blistering piece in the Washington Post this week.
Talking about -- -- seduction and abandonment by the United States.
And into the administration to task about how we're doing this.
On -- what should we be doing in Syria now.
I think we should be doing a few things we should -- continue.
Trying to push the parties into negotiated end of the civil war.
I was should be providing humanitarian relief and my own view is we should keep our focus on the chemical weapons that is the predominant.
A threat to our national security.
-- not like to see us focus on that red line that's the Red Line that's been crossed.
I have grave concerns about becoming a major arms supplier in the civil war about being sucked into an as yet another sectarian.
Conflict in a Muslim country.
So I great concerns with the path that's been proposed because I think a small amount of arms won't have a -- -- impact on the battlefield.
Will be called upon to give greater and greater weapons more sophisticated weapons.
And even though we may vet who those weapons go to in the first instance there's no way to guarantee they stay -- those parties.
And we have to accept the fact that a certain percentage 10% 20% maybe more.
Will ultimately get in the hands of people who use them in ways we don't want and can put our own people at risk.
So those are things I think we should be doing and I don't think we should become a general arms supplier in the civil war.
Well it gets it gets complicated -- there congressman thank you for clarifying some of it for us please stay cool out there -- will do thank you.
Okay our Internet let me just take one last -- to you before I let you go softer way that we can Obama takes -- -- -- -- -- column I -- for you.
Okay at cease fire while on Twitter and you would have -- already in you would also be able to say stuff today on the Internet like -- did.
Earlier because it's fun and because -- -- -- here I'm back on you Internet so stay cool.
Your time thank you for your time this week we'll see you back here Monday and now.
As we like to do every day we will give -- the work from our French.
The United States which dominated the world economically.
Created all these programs entitlements Social Security.
The Medicare and now added on Obama camp living on the glories of the past when we were the most.
Dominant without any rivals in the world and now having to adapt to a reduced economy are we going to be able.
To have commensurate cut cuts and when you see all the resistance to anything of that sort but I especially Democrats -- Liberals it doesn't give a lot of hope in the -- you you can have -- the bankruptcy proceeding.
But not for a country.
Filter by section