we're thinking this week a better idea for a sequel would have been "trumpnado" >> happy national fudge day. in our 90's throwback movie, "forest trump" and "saving private santorum." if you spent the day perusing the cables, here is how bad

things seem for the democratic front runner. >> hillary clinton may have a swing state problem on her hands. >> if it wasn't for donald trump, the biggest problems would be hillary clinton solidifying herself in the democratic party. >> this does seem a trend. a real problem they need to overcome. >> this is a real problem for hillary clinton because the last time she did this in april, she has come down in terms of her favorability and her honesty and trustworthiness. >> mark, my leading question for you is is this as bad as it seems? >> on first blush yes. most colleagues take polls on faced lu and don't look at the internals and they say bad day. our colleague ken goldstein look at the numbers and found that the makeup of the electorate has too heavily -- it is clear.

her numbers have taken a hit. republicans need to feel like someone can beat her to win. >> god knows the midterm electorate and the presidential electorate are both very different but the thing i am worried about if i am hillary clinton isn't the horserace numbers it is the favorite and on favorite numbers. if you look at the charts she is falling like a rock in terms of her net favorability while jeb bush is holding steady. to me the horserace numbers matter not that much. >> if you ask republicans will she be formidable, people say we have to run a perfect race to beat her but republicans want to feel like she is beatable.

if they can compete -- >> they should want to feel that way. >> it is the psychology. they have to feel like she can be beaten. there are still republicans who worry that even their strongest nominee might have trouble getting her. iowa is not a diverse demographic state but the other two have diversity. >> you look at that big, blue college wall there are a lot of states and you have to call it back from the obama colin to win. -- column to win. >> another day another 24-hour cycle. donald. the du jour donald derivative comes from lindsey graham after the phone number release. going over the various ways to destroy his ruined mobile.

rick perry took a more medical approach in a speech today. >> he offers a barking carnival act that can best be described as trumpism. a toxic mix of demagoguery and mean-spiritedness and nonsense that will lead the republican party to perdition if pursued. let no one be mistaken. donald trump's candidacy is a cancer on conservatism and it must be clearly diagnosed, excised and discarded. >> all of this trump attention comes as he prepares to visit the u.s. mexico border tomorrow and this afternoon, cnn released a clip with the new interview with anderson cooper in which the donald claimed he would change his tone as potus. lots of attention on trump and that anderson cooper interview

short a get attention going forward. among the other presidential candidates who is a good for and who is it bad for. >> let's start with rick perry as a winner because he got to use the word perdition and a barking carnival act -- i love that language. he is on the bubble. attacking trump right now, if you are where he is -- as long as the front runner is protected he is in solid shape. bush will have all of the money he needs and the support he needs and trump is blocking other people from rising up. who is the loser? >> john kasich. all of the other reasonable republicans, but a guy like john

kasich who is not supposed to get that announcement bump. like everybody else blotted out from his announcement speech and got almost no buzz in the national media. >> loser? jeb bush. jeb bush is a loser at the main reason that trump is succeeding -- anyway, a reason is people don't want the royal families of bush or clinton and trump is stoking this. it does lead other candidates and the populace at large to focus on this notion. i believe that trump will be emboldened to start running negative ads against jeb bush. >> another strange loser rupert murdoch. he is not a candidate but he is more powerful than any candidate. trump is now giving robert --

rupert murdoch the finger. murdoch does not what trump coverage on fox. >> the proof is in the footing. the fox coverage is pretty pro-trump. not as much as it used to be. >> today on the new york times the anti-bush activist claims people who work for planned parenthood talking about the sale of tissue. rifle through that newspaper and you will find elsewhere an editorial that says they are edited deceptively and dishonestly. republicans are jumping all over this while democrats are not saying much at all. what will be the effect of the planned parenthood issue? >> the media most never sides with -- within that story it says they have a lot more video.

sophisticated research people hold back good stuff and put out less good stuff and then come with more. my sense is they have more and this will continue to be with republicans on offense. >> i don't disagree with anything you said except for the basic take away. planned parenthood is a beloved organization for many millions of women around the country. in 2012, mitt romney and others attacking planned parenthood was bad for them in the end and hear the republican party -- whatever you think about these videos, do you see that anti-planned parenthood is not the place to be with suburban womanhood in swing states. >> that is why smart republicans will say that planned parenthood do some good stuff. i saw the first video and i said does planned parenthood do anything good?

he said they do good cancer screenings. they have to not demonize planned parenthood but that doesn't mean they can't talk about this issue in a way and that fact that the media is being sympathetic strikes a chord with americans. >> they have not sophistication talking about media issues. this wild west atmosphere of the republican primary is that the rhetoric just got pulled further and further to the right and then you end up in dangerous territory. >> as we saw over the debate with late-term abortions republicans -- if they talk about these issues in a sophisticated and nuanced way can draw in support rather than what happens when you talk about land parenthood. coming up, rick santorum -- after this word from our sponsors. ♪

>> our guest tonight is the once and possibly future winner of the iowa caucuses. former senator rick santorum. how is janet yellen doing as head of the fed? >> i would say that the continuation of this policy of propping up the american economy with this free money policy that we have is really masking with the government needs to be doing to get this economy going which is cutting taxes and regulation. the economy is not going to go anywhere until we have economic reform on the fiscal side and economic reform on the tax side. that is going to continue. i'm hopeful they begin to change the policy enforced washington to get their act together. mark: president santorum would definitely, definitely not, or maybe reappoint janet yellen? rick: i will not comment. [phone rings]

mark: this is like two interviews in a row. john: we get a lot of calls here. rick: i guess so. mark: definitely, maybe, or maybe not? rick: i would say unlikely to reappoint. jon: maybe who you would like to see on the fed? rick: i have met with a few governors in the past couple of years, and one who i found myself aligning with more is mr. fisher from dallas. mark: a smart guy. rick: i think he is a really smart guy and we've had some very interesting conversations and i think he has a handle on some of the problems that are confronting us. mark: we're starting to get actual policy proposals and people are talking about tax plans. marco rubio has put out a tax plan that has gotten some degree

of comment, criticism, and praise. let me make sure i got it right, two brackets, 15% and 35% and getting rid of capital gains and dividends. what do you think? rick: there is something i like about it. this time around we will put a two-tier -- last time i put around a two-tier flat tax -- tax and this time around we will put forth a flat tax. we can't assume things to make sure it doesn't impact middle income americans, but creates a much more dynamic progrowth environment. i don't like the idea of getting rid of capital gains tax. i like the idea of taxes not weighted toward capital against labor. i think that we will end up with is a lot more investment in people and i don't think that is the thoroughly a good thing.

our tax plan will have the same rate of taxation on corporations and individuals. john: might you tell us what that rate will be? rick: we are working on it right now. i have been playing with the tax foundation, which is a group we have been working with for about three months, we are tinkering with it. we are not quite there. you think. -- mark: there is a way that you think will not be bad for the working class? rick: to make sure that it stimulates whitworth, that is -- stimulates wage growth, that is very important to me. job creation is also a big deal. gdp growth another big deal. and looking at it from a day and -- from a dynamic point of view, that it doesn't add to the deficit. and when you break it up high -- up by income, that we are not causing income taxes taxes to go up on any particular group. mark: i want to show you something martin o'malley

democratic candidate said to us on monday. governor o'malley: one of the effects of the creation of isis is the creation of climate change and the mega-drought that affected that region, wiped out fibers and -- farmers and created the symptoms, or rather the conditions of extreme poverty that has led now to this extreme violence. mark: he is saying that global climate change led to isis. rick: i find that remarkable that he would make that kind of comparison. the fact of the matter is that we have seen these demographic trends go on in america and in every sector of the globe people of the globe people are coming to the city's not because of climate change, but because that is where the opportunities are. it is the reason new york continues to grow, for that reason. to suggest that isis was created because of climate change is a disconnection from reality, the same disconnection and hillary

clinton says when she says the greatest national security threat is climate change when we are about to give iran a nuclear weapon. a country is out there saying they want to rule over the -- wipe israel off the face of the earth. they have lay out very clearly -- laid out very clearly what they want to do, what their plan is, and we continue to ignore that reality and think they will be a partner in peace while the rest of the region has become apoplectic. we have armed a theocracy more concerned about the hereafter than the here and now. john: there have been a couple of reports today about the fact that the pentagon and others have written about this question, the link between climate change, drought, and what happened in the middle east. are you familiar with those studies and the science on this? rick: again, i would suggest

that tying radical islam and the creation of radical islam to climate change when isis was created because barack obama pulled troops out and did -- and allowed iran to have undo influence, establishing a shia led government, where sunnis rejected them and their ability to persuade by government, and al qaeda in iraq was not tough enough, so isis rose as a result, the idea that has anything to do with drought is a denial of what radical islam is all about. it is not about climate. it is not about israel. it is a fundamental ideology that disagrees vehemently with what america stands for and who we are.

john: rick santorum beat mitt romney in the iowa caucuses. the question is whether he can do better than romney did in the national sport of ireland, which is bags. senator, we will give you a shot at this and we will talk about politics. oh, thank you all and good night. mark: you did practice during the break. rick: i threw two bags. mark: i know, that was awesome. go ahead, john. john: we are living in a weird moment in politics with donald trump dominating everything. what does it say about american culture and society and the media that donald trump can basically blot out the sun for the rest of you? rick: people are angry. john: you've done this before? mark: talk and toss.

rick: i would say people are legitimately angry about how government is not responding to their concerns and how the media is covering for a lot of bad behavior in washington, d.c. not getting to the core of the problem, and not confronting the issues that are important to ordinary citizens. mark: three for three. i had asked you this before. you have run before -- you are running against mostly people who haven't. what mistakes have you seen first-time candidates make the cycle that you are like, man, if that person had run before, they would not be doing it. you can name means if you want to, but you do not have to. rick: i think people are investing too much time and energy in running ads right now to try to get on debates. look, maybe that is important.

what i know is, last time around we had people come in this who won the straw poll and had won tens of millions of dollars in the straw polls and neither of them ended up with any delegates. you can lose an election in july, but you will not win an election in july. and the idea of not looking toward a more long-term view will not be wise politics in my opinion. that is what we do. we look at the long-term. rigor. john: last time you are here we talked about this debate question a little bit and what you might do. you said at that time you had them alternatives about what you might do if you did not make the stage in the first debate. what are some of the ways you will go about getting that kind of exposure? rick: look, i'm here. and i'm serious, we will

participate in every opportunity to get out there. the bottom line is, the first election is the one that matters. that is in iowa. for the next two weeks, i will be in iowa probably about 12 or 13 days. we will continue to work hard and get the vote of people of iowa. what happens is, you folks all talk, and everybody in new york wants to give their opinion, but in the end, the people of iowa make this decision and they will be kicking the tires and we will be out there getting kicked. mark: you are saying it is irrelevant being in the first debate in cleveland in two weeks ? rick: if you look at any debate very few people search because of the debate, but a lot of people lost the elections because of the debate. john: gingrich did pretty well

in the debate. rick: he did. and right before the self-care line of primary. -- south carolina primary, he had a good debate -- mark: i have been three minutes since we've asked you a trump western. -- question. you have visited with him several times over the years. let's focus on the positive. what is appealing about this personality? john: you are winning this game. rick: he is entertaining personality. he's fun to listen to. and he has accomplished a lot in his life. he has done a lot of things. john: he is fun to be with. rick: he is entertaining. i think we have a little different personality and a little different perspective on a lot of issues. mark: have you ever taken your kids to see him? rick: my daughter who is here with me right now, sarah maria. over here. mark: if she had a mic i would

ask her. rick: he's good to young people. if someone is nice to your children, obvious that endears you to that person. mark: who happens to be a billionaire. rick, that's what it was with me and donald. john: is he qualified to be president of the united states? rick: i have been asking -- i have been asked that question about everybody who is running. the american public decides that. my opinion is no more important than any other voter's opinion. the race will let that sweat out. mark: raining bags champion. rick santorum. john: you are a member of the american public's a could have an opinion. thank you very much. we will be right back. ♪

tomorrow is the great dan seymour. mark: watch us until tomorrow. 5:00 and 8:00. ♪

emily: apple shares tumble, dropping $30 billion in market value. why some are concerned about the company's pace of innovation and what tim cook can do about it. ♪ i am emily chang, this is a special "bloomberg west" from new york. qualcomm is cutting jobs since its worst jobs outlook since 2009. and a debate in new york in trying to limit