union in london. he will get away charging for that kind of news. >> i'm sure businesses would love to charge for content. >> i'd love to charge for content. the "wall street journal" can charge for content because they're charging a specific kind of customer who has a lot of money, expense account. they're dealing with information that can lose you millions of dollars if you don't have it at the right moment. the times of london doesn't have that and rupert murdoch in australia does not have that. this is a brilliant move, someone has to do it but i don't think it will work at all. >> i think it will fail utterly. when i was at forbes, we looked how the journal went subscription only, had a million readers, forbes.com had no daily news coverage at all had 10 million readers a month going there to read that stuff and never hurts the magazine subscription. >> remember, wsj.com, rupert has been charging already, they

tried it before he bought the paper and company afterwards and got the same kind of lackluster response. >> and from the "new york times" they were charging for the best columnist and ultimately retreated from that. >> that's a half measure. to compare forbes your old shop to the "wall street journal," daily moving news. i'm sure they made a lot more money off the journal than forbes.com. >> i wouldn't be sure of that. >> you can't be sure who what works for the "wall street journal" will work for anyone kneels john, i'm saying it didn't work that well for the "wall street journal" and years later, just a million subscribers. we forget, people don't want to read anything ever. you have a new barrier to entry charging home to read, forget about it, they will be gone. porter, what do you. >> i even the ap is playing around charging for their content. it isn't going to work. the internet is free. need to know does put a value on

news. certain area, john hit it with the "wall street journal" and their audience, they'll pay because it's profitable. >> the thing interesting right now, dennis, this is the first salvo in something that will happen. a lot of newspaper publishers saying we need to get money from somewhere, not coming from the print publication, what have we got? on online traffic. >> will it be monthly payments or subscription? it can be a little bit of sneef everything. >> saying i will charge you outright for access, i don't think it will work, it has to be something specific. >> i don't think rupert will change the world here. if google wanted to start charging for access, that might have a stellar effect on the rest of the web. when you're google and hundreds of people are one night stands you don't know their names, how do you charge for content of

visitors you don't know. >> right. if he starts charging for the "wall street journal," look out the financial times. >> they actually do charge but don't have a very large audience. >> thank you. we appreciate it. now to washington where president obama keeps pushing health care never mind the controversy around it. the house is on break but the senate still at work aiming for bipartisan support for this controversial trillion overhaul. that's because the dems face a civil war within their own party because of this overhaul. we're joined by a key democrat aiming for this health care kumbaya, senator wyden from oregon and wrote an article, how we can achieve bipartisan health reform. thank you for being with us. i want to start with a very basic question. do you think it is the obligation of government to

provide health care for its people? is it a basic human right of americans to have government make sure they get health care? >> i think you can make an argument there are both rights and responsibilities in our country, with respect to health care. i certainly think there ought to be a significant measure of personal responsibility. we have that in our legislation. we have 15 united states senator, both political party whose basically have said they're going to use marketplace forces to make sure that all americans get quality and affordable coverage. the congressional budget office has said our approach is the only one that doesn't add to the federal deficit. >> marketplace forces, how so? i think setting up a government program is not exactly the marketal all, you can't compete against government. >> that's not right. this is basically set up along the lines of what members of congress have. members of congress, if they subscribe to health care in the washington d.c. area can choose

from more than 20 private plans. in effect, in 2009, if a member of congress doesn't like their private coverage or feel their insurers are charging them too much in 2010 they can go elsewhere. we are using consumer choice, marketplace principles as the budget office has made a judgment this is the only proposal that would expand coverage i didn't in a budget neutral way. >> it's interesting you bring up congress's own health care plan, from what i read, democrats said, no, we wouldn't be aport of the health care plan we're proposing, we'll keep our own coverage. if you guys really want us to believe this thing, why don't you switch all members of the congress and senate over to the health care plan? >> i feel very strongly the rules that apply to the people of our country ought to apply to me and my family. your look for example at the key questions to holding down costs. if you're a part of a small group, you will pay huge

administrative cost, you don't have much bargaining power in the private sector. a member of congress belongs to a large pool, have significant bargaining power, insurance companies can't discriminate against them, can't cherry pick, can't charge them fmore for pre-existing illness have to compete for price and quality. >> why don't we take that plan you have there and offer it to the 15 million people in this country that cannot afford the health care insurance. my is inni understanding is 30 million could but choose not to. why don't you take and offer your health care plan to them instead of overhauling the entire sha bang? >> i believe in individual choice for all americans. the president has talked about making sure you can keep the coverage you have. i think you ought to be able to keep the coverage you have but you ought to be able to reject the coverage you have if you can go elsewhere and get a better deal in the marketplace. we make sure all americans have access to that kind of approach. >> given 140 million americans

are covered by their employers and tell employers you have to let your employee go anywhere they want you will hurt that big mass pool you talked about why you have lower prices because you have a big pool of people. you will hurt employers to get the best prices, won't you. >> not at all. if you're a medium sized company in this country you often don't have much bargaining power. we will make it possible for that median sized company to take to the exchange, farmers market that offer various coverage and that medium sized company can get a discount. this will expand choices for both violence and employers and do it in the private sector. >> stand by. i want to get our real deal squad in on this and ask you a few questions and pepper you with counterpunches. >> good. >> good to have you. tanya acker, and "huffington post" blogger jack, see if you

can pin the senator down better than i do. i want to know if the senate and house decide, yes, they will start being covered by the health care plan they pass for the rest of america. >> under our legislation, folks, that would be required there, would be one set of rules. >> i could not improved on you act. senator, if i have a wife and three children, i've asked democrats this question for a month and nobody gives me a straight answer. if i have three or four children, why should the federal government pay for their health insurance and i should not have to? could you please answer that legislation. >> under our legislation. >> answer my question -- >> let mim answer, jack, please don't interrupt him. these senators get very testy if you interrupt them. >> i do think there ought to be personal responsibility. in that kind of instance, if you're talking about youngsters, yes, the parent should be held accountable. if the parent has no money at

all, i won't see the youngster suffer not getting health care at an early ancge. i feel responsible for that and both parties. >> your defining that group as 40 plus million americans in a pretty wealthy society. my problem is these people will buy a big screen television in best buy, by plasma screen on credit, furniture on credit, we're not regulating retailers, not suggesting we regulate furniture stores. why are we doing this. >> first, remember who the uninsured are. more than 11 million of those uninsured people have nucleus of 60,000 dollars a year, they prefer to use the hospital emergency room. that clogs up services, jacks up costs for everyone else. we believe they and everyone else should be personally responsible by a package that focuses on outpatient care, primary care and not leave everybody else with those costs. >> for those guys earning $60,000 and don't get the new

policy, what does your new law say they have to do? does it require them to have health care coverage? >> what we say, if you don't sign up at some point, you will be enrolled in a plan. i want to emphasize those are costs, i mentioned the hospital imagine room our society is already absorbing. the question is will we hold these bills down for everybody or continue subsidies in a different way. >> senator, can you explain the cost in your plan it? sounds to me after reading your proposal there's a possibility healthy people would be groups into one specific health care plan and costs low and unhealthy people grouped into a separate plan and will have e exorbitantly high overhead. does yourlegislation address tht all. >> that is not our propose. a we have everyone go into a very large group and spread the costs and risks and minimize what you're talking about,

adverse selection. i checked the other day with my private insurer. we have a million people in our plan for the wyden household. that that's a lot of people. i don't think we will have it that big for the rest of our country and will try? are you not voting for any public option or are you still open to that? >> i am making it clear what i am mostly interested in is holding down premiums and holding down costs. i think the best model is the one we have found in our healthy americans act, which is to insure all of our people have these private sector choices like members of congress. if people have other idea, i'm willing to look at them. we have a model that works, low administrative costs lots of bargaining power and real clout for individuals in the marketplace. >> tanya. >> senator, given the fact most americans have to rely on the public conversation to get information about these reform efforts, are you worried the proponents of reform will simply be outspent as that conversation

is skewed in favor of anti-reform interests? >> certainly, there will be a lot of spending on all sized. my real concern is closing the sale this summer with the insured population. we have to make sure folks who are insured understand that what we're dining the healthy americans act will allow them to be wealthier, have reduced premium, be healthier because we have incentives for prevention. if they leave their job or their job leaves them, they can take their health care with them. that's what we're trying to get out this summer. >> thank you, senator. i'm afraid we have to wrap. >> thank you for having me. >> senator wynman, thanks for coming here. come again. >> and i will turn to obama attacks on american business. up next a bull versus a bear, you can't afford to miss it. yes, the market fell slightly today. but this could be a small breather or minor set k or something that works.

back in two minutes. ♪ ♪ i got troubles, oh ♪ but not today ♪ 'cause they're gonna wash away ♪ ♪ this old heart ♪ gonna take them away [ quacks ]

announcer: some people buy a car based on the deal they get. others buy the car of their dreams. during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 is 250.

the great recovery, that is

my next great hope. after i declared on june 25th, that this horrible recession is ending right now, even people who agree with me ask, but now what? i'll show you what, in the real deal with dennis kneale. most forecasters expect a struggling and stumbling economic recovery. pokey and punkkey. say the consumer is dead, credit is too tight, problems with housing and joblessness far from over. the doubters of the great recovery, figure the patient has been through such a traumatic near death experience she will need years of rehab and never be the same. what if they're plain wrong? in the past few days, soothsayers, goldman sachs, deutsch bank, high frequency economics have raised their estimates for gdp growth.one big reason? cash for clunkers a mere $1 billion program and $14 trillion

economy. the high frequency guys say cash for clunkers could add 1.5 points to gdp growth in the current corner. if that one tiny droplet in such a big bucket can prompt that kind of splash in new spending, maybe the consumer ain't so dead after all. if the great recovery is being underestimated by most of us, stocks could be in store for still more gains. let's talk about the great recovery with jerry bowyer of boyer media, our bull and tony fratto, a former bush white house aide, our bear. tony, you were with us, i could swear you were the kickass of pax americana and then i read suddenly you're a big doubter and cash for clunkers on wall street, people are paying cash for clunkers symptom with wilful disregard for the fundamentals. explain yourself. >> i don't like being a bear.

i'm a bull by nature and want to see the economy take off and firms do well. >> yet? >> yet i look at it and see gdp, 70% of gdp is the consumer. is consumption, i see people -- we have a way too many people out of work, out of cash and out of credit. and the economy still depends on people being able to go out and buy stuff. if they don't have cash and don't have credit and out of a job, they're not buying stuff. i can see a little bounce but it will be choppy. >> what tony's missing there is the idea business inventories are so low a restocking by business could offset that consumer and further more maybe the consumer isn't so fraidy-cat anymore. >> the consumer isn't. by the way, this 70% of gdp is consumer, i hear that over and over again. listen a dollar spent on capital and dollar spent, whether you spent a dollar on capital or consumer goods is still a dollar spent, doesn't matter what

percentage you're talking about as consumer. if i buy a computer for my business, it doesn't have less gdp impact than my kids, in the long run a better gdp impact. savings is stimulus, you don't have to get people to spend. that bush stimulus plan last year you guys put through didn't do any good whatsoever and neither did the obama stimulus plan. >> then why are you saying it's going to work, jerry? >> it's not going work. what's going to work is the fact that american business cut costs when they needed to, now, as dennis put it, inventories are so low, the baseline is so low for inventories you virtually have to have a solid 30 and fourth quarter this year, keep them where they are and up for profit. >> i think we will see a little bounce off the bottom. i'm telling you it's not sustainable until you get people back to work and fix the transmission mechanism with

credit. if people can't get credit and homeowners still under water in their homes, can't get home equity loan, they don't have money to fuel this economy. >> i got all that. penny home sales, up with a big number five months in a row, up for the first time in six years. >> factory orders up big time, not even counting the war against jets. all these indicators are showing despite the dead consumers, we have growth ahead of us. >> i have to bust out. you guys are coming back, happy to say, i like your energy. more bears and bulls next. talk about the role of the consum consumer, is she dead or ain't she? later, putin submarines at our doorstep. does this guy want another cold war? is he crazy? what does it mean for your money and his muscles? at 155 miles per hour, andy roddick

has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". you must be looking for motorcycle insurance. you're good. thanks. so is our bike insurance. all the coverage you need at a great price. hold on, cowboy. cool.

i'm not done -- for less than a dollar a month, you also get 24/7 roadside assistance. right on. yeah, vroom-vroom! sounds like you ran a 500. more like a 900 v-twin. excuse me. well, you're excused. the right insurance for your ride. now, that's progressive. call or click today. so now we've turned her toffee into a business. my goal was to take an idea and make it happen.

i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. robert shapiro: we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. we had a small sell-off today in stocks, but was it just a pause to refresh or are we being set up cruelly for something far worse? let's ask jerry bowyer and two bears, scott at 23 live.com and tiki. let's look at the charts.

mapping out three basic scenario, if i can get the s&p 500 to date. it was over 900 in january and fell to the low 600 level. we pause and we're at 1,003. if we can get to 1,009, ariel nelson argues, that's a new support level and the market ends up going higher from there. a formal correction would take things down 10% or association down 1,000 to the 900 level. still okay if you've been putting money in when it was back at 666, but a far bigger tumble downward would only take us to 880 or so because of the math involved. even if you have a bigger tracement, you go way back down after stocks have risen a lot

after 50% since march, you still doing that you're better off if you're putting money in all the way along. tika, what are you betting on, total armageddon? >> not total arm get don. this is going up for the primary reason fund managers underinvested most of this run and trying to save their job and running in and there getting stocks on the books right now. you have a u.s. consumer being chased by the four horsemen of the apock ca lipse, i don't see it straight up. how far does it go from here. >> 10%. >> nice correction and then keeps going? aren't you one of those that says we will have the dow 3500 or something? >> no, no, no, not dow 3500. the u.s. consumer will not snap back as quickly as everybody thinks. >> jerry bowyer, bull, come back

in here, tell him he's wrong. >> he's wrong. want me to tell him why? >> elaborate. >> everyone is obsessed with the consumer but business spending is quite strong right now and business spending is every bit as stimulative as consumer spending. >> business is not enough. i will tell you why. people still feel poor because of the housing -- >> you switched rails. business spending, teeka, why won't it be better. >> business spending won't prime the pump. this market was priced for total armageddon. >> scott, you're a bear. where are we going from righter? 10% correction or worse? >> the economists will debate whether we have a speedy recovery or bad recovery, there's entries and exits to worry about. we had a 50% move off the lows and coming to significant resistance. i don't care if you're a bull or bear, enter the right way to hold it. investors are getting excited,

everyone thinking they need to get in and chase performance. that's when they have a correction, if you want to get involved in this market, you can't chase excitement and buy into a resistance area, that 0 1009 on the s&p. >> can ski a question, will gdp in the third or fourth quarter be positive or negative. >> i think gdp will be positive in q4 but it will be priced in. >> in q 3. >> not in q 3, no. >> more than 3% in q 3 and as good as that by q4. economists are saying that. michael dart ta of mkn is saying that. >> that means the top line goes up which increases profitability. first half of the year, flatline, cuts cost, more profit, second half the top line goes up. >> it's already priced in, that's what you have to ask yourself, how much is already priced in? >> everyone is afraid

stocstock stocks -- pullback, my gosh, i'm so afraid. none of that is. if we hit that level ariel talked about, we will have ariel on here and toast a little bit of champagne. thank you, very much, gentlemen and ladies and gentlemen in tv land a lot more tonight an "cnbc reports." it's bank that's battling back, pulling itself up by the bootstraps. t.a.r.p. money? no thanks. see why this bank is a shining example of american business. speaking of american business, wait until you hear what president obama said about our money makers. the russians are coming for real. subs detected off the u.s. coast. what's putin thinking? are we headed for a new cold war. >> the president's been awfully nice to them leyte. is this what we get in return?

mr. evans? this is janice from onstar. i have received an automatic signal you've been in a front-end crash. do you need help? yeah. i'll contact emergency services and stay with you. you okay? yeah. onstar. standard for one year on 14 chevy models. (tucci) more bars in more places. at&t. the best coverage worldwide.

you know why i sell tools? tools are uncomplicated? nothing complicated about a pair of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping is easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. come on. how about...a handshake. alright. priority mail flat rate boxes only from the postal service.

no matter how much i'm selling the hope, i have one big hurdle that could kill the recovery. he lives at the white house. obama's business bashing policies threaten to derail the recovery train. at a speech in indiana today, it's like this guy is still running for office, bam, took still more digs at bankers and

corporate bigs, it is tonight is a sound check. >> it would be easy to lose hope, especially when you see a lot of folks out there who failed to meet their responsibilities, from wall street to washington. there are a lot of people out there looking to defend the status quo, some caused the problems we have in the first place and suddenly blaming other folks for it. >> good line, but i have a corollary for you, mr. president, it also can be easily to lose hope when a pieious politician in washington preens for support by inciting a p populous riot especially when he never worked in business and clearly has no understanding of wall street. your administration, sir, is at risk of killing this recovery by criminali criminalizing capitalism on wall street by telling wall streeters they should be ashamed of their bone newspaperses and imposing new regulations that will hurt the returns not just for wall street but retirees and pension plans and demonizing oil

speculators following the law and creating wealth. when it it stop, plo president ? when will it stop? we ask the real deal squad, when will it stop. >> it won't. you have a chicago politician in the white house who wants to do what fdr did, deliberately build out legions of poor people so they will support a welfare state. this is a systemic concerted attempt to destroy about half the economy so the government as it is with government motors is the only player in the economy. that's the only goal. >> julie. >> fdr is one of our greatest presidents. that's neither here nor there. bottom line we're bringing assemble balance of reality to the world. it's no longer acceptable for people in wall street completely bankrupt themselves, ask for bailout at taxpayer expense and take our money and pay themselves handsome bonuses for something they should not be

getting bonuses for. bonus in my book is job well done not well done. >> some didn't even want bailout cash and were forced in a room with a gun to take it. let me finish, make this point clear. you're seeing people making money in this country. this president doesn't like it if it's too much. he doesn't like it if you're successful on your own merits. he doesn't like it if you have an academy and make a big bonus, he thinks you're evil. >> i don't know if i'm more riled up with the collars warfare you're playing or pictures of vladimir putin, but he's trying to save -- >> relies on integrity, hang on sacramento. relies on integrity and transparency to the extent people don't feel like they have the same advantage as do the flash traders for instance. >> this has nothing to do -- one at a time. >> one second. they will not have trust in the system. >> you have to yield, please,

ben. >> this has nothing to do with him trying to save capitalism. he's trying to save the importance of government and saying you have to have me and made successful people into boogieman everybody's supposed to hate. i would like to be successful and have people write articles about me and not have my pr firm at my office say don't put this out because the president will kill your company for being successful. >> julie, you guys just invoked the new thing, flash trading ripping off the little investor. the little investor ten years ago, the best they could do on a spread was 25 cents. it's down to a penny. no one is getting hurt by fast trading at all. if a wall street is strong enough to get computers strong enough to do it, what is the big deal, julie? >> i'd love the same technology. if we had an even playing field capitalism would work. >> you're not a wall street firm. >> why only wall street firms have access to technology. >> are you kidding? >> no, i'm not kidding.

these people are able to move the markets faster than anybody else because of technology. >> we have to bring in something else. in a huge stock market no couple players are able to move this market. just wrong. jane in l.a. has a great story about a bank battling for its life out west. i want to talk about it when jane is finished. j.d., take it away. >> it really is one of the stories not being told. this bank made the riskiest loans and still losing money but first federal bank of california may somehow succeed where so many of its rivals failed and avoid an fdic takeover. >> my name is david. >> first federal bank of california shouldn't still be around. it specialized in the riskiest of home mortgages, option. a r.m. one year ago when i reported on the collapse of indy mac a ratio of 40% is quote in this dang er

zone. first fed was on the analyst's list of banks likely to fail next. >> all our clients were panicking because they thought it would turn into indymac. >> reporter: but they're still here one year later. they won't let first federal make any new loans until they clean up the ones they have. >> we sent over a modification process to the property address and wondering if it's been received and if you're sending that in. >> reporter: how has it survived this long? first, it stopped making option loan at the end of 2005. >> people said what's the matter with you? why aren't you lending? everybody else is making money. we thought the market had gotten crazy. >> reporter: second, it aggressively reached out to homeowners to modify their loans in 2007 before many became delinquent. >> i never missed a payment in six years. >> reporter: thomas wanted to modify his mortgage but turned down then the bank's president offered to take a second look.

>> he contacted me directly. at first i thought it was a joke. >> reporter: dowd got a new loan with a much lower payment. first fed has taken no t.a.r.p. money and being free of government constraints is one reason the modifications are working. the bank moved headquarters to save on rent and employees can't even buy post-it notes. but the bank continues to lose money and the clock is ticking. it must get through the remainder of its residential portfolio before private investors will give it new capital and only then will regulators let the bank make new loans. >> we're hoping to raise capital by september. if it can't get by september, it needs to get done by year end. if we're here at year end, it's passed. >> the banks redefault rate is well below the national average and ceo told the fdic our modification program is working, give us time to get through it, we have investors ready to

recapitalize, if you let us work it out, it won't cost you a dime. still iffy. we'll see if it happens. >> a great stoemry. let's talk to real deal. what do you say, tanya. in 2007, this bank started working on modifications, no help for homeowners and they did it on their own. >> i say 83 to thyeah to them fg the foresight what ovther banks should do. that's like saying just because oprah's rich there's no poverty in america. >> this bank was able to modify loans without a government program why do we need a government program where the redefault rate is 65%. >> i don't know. i called city bank the other day to modify my loan and they said i don't have a loan that qualifies for modification. yeah for this bank, i don't think it qualifies to other banks. >> you can't judge them based on what a business needs to do to

keep itself alive. next, stick to this. puty, isn't that what bush used to call him? no jokes, submarines being tracked off the u.s. coast. the pentagon watching closely with furrow ed brow. let's go around the horn. jack, is it a danger or not on putin, jack? the submar republicine. we have to be worried. putin wants to bolster nationalism. >> give me a break, tanya. they have ballistic missiles. >> of course there shouldn't be russian submarines off the coast. i don't know why you have to flash these half naked pictures of him. >> have our submarines been floating around russia. >> i think putin half naked is just as scary as the two submarines. >> we have a new cold war coming up? >> give me a break, we don't

have a new cold war coming up. they try in to tim date us by putting submarines off our coast. >> dennis, it's a gross body war. >> all these pictures of puty, i still say obama could kick his butt. we will be back in two minutes. he ran off with his secretary! she's 23 years old!

- oh, come on. - enough! you get half. and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah. his and hers. - ( crowd gasps ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion? - ( chirp ) good to go. ( grunts ) timber!

( chirp ) boss? what do we do with the shih-tzu? - ( chirp ) joint custody. - dog: phew... announcer: get work done now. communicate in less than a second with nextel direct connect. only on the now network. announcer: get work done now. communicate in less deaf, hard, hearing and peopith speech disabilitiesit . announcer: get work done now. communicate in less we're shopping for car insurance, and our friends said we should start here. good friends -- we compare our progressive direct rates, apples to apples, against other top companies, to help you get the best price. how do you do that? with a touch of this button. can i try that?

[ chuckles ] wow! good luck getting your remote back. it's all right -- i love this channel. shopping less and saving more. now, that's progressive. call or click today. with a. he's galloping in, he's swimming in, putin, in the last few months, he has flown his bombers from russia over northern britain just to show he can and now sending his submarines off the seaboard of our usa. why? just to show he can. is this a sign president obama's russian outreach simply isn't working?

yaron brook. and chris thomas, the naval correspondent. chris, you're the military guy. why is puty doing this? is this a rare event? is the navy tracking those subs. >> maybe like the picture, macho. the navy have been doing this the last couple of years, flying bombers near our airspace, send a major naval squadron to cuba last year, trying to demonstrate they can still get to sea when they want to. people are so worried, here's a tip-off where they might be headed. on monday, a great big russian salvage tug showed up at havana, cu barks still there today and wonder if they're going there. they never go anywhere without a salvage tub because they break down sometimes. >> maybe they will visit fidel and his brother. >> is this something they would do anyway? is this random? are they testing the rookie

president of the united states. >> they're testing. but 20 years of no u.s. foreign policy and no stand of pretty much anything, flexing muscles, want more influence in venezuela, south america, they have influence in iran and south korea. they want to expand their domain. in georgia, we saw with george bush an will probably see it in ukraine the next six years. >> you just said 20 years of no foreign policy. haven't we had plenty of foreign policy under george w. and clinton. >> we had a mishmash, we will force the israelis to talk to palestinians and compromise with them but we're not going to compromise with terrorists anywhere else except in israel. we had a policy that said we won't talk to iranians but sit down and negotiate with north koreans, we have had no real

foreign in the united states at least 20 years or longer. >> are the media making too much of this or defense department too upset by this? 180 miles seems plenty far for me. >> people have to remember we're not at war with the russian, they can go anywhere they want, we do the same thing. maybe who this is doing a real favor for is the u.s. navy itself. if the russians are trying to sneak up on us and build a naval threat, right now at the pentagon, everybody is discussion the quadrennial defense review and everybody is discussing this. >> now, the budget is going up. >> maybe the submarine community in the united states is not too happy this is out there and maybe the pentagon shifts and gives more money to the navy and in particular, submarine community. >> you just heard chris say we're not at war with russia.

is we're not at war with russia. is a new cold war begin yg. >> i don't believe so. putin is moving russia in a more nationalist direction. the russians can't match up. the submarines do break down far more often than ours do. but they want to flex their muscles. certain third-world countries and certain parts of the world, they want to gain influences. they want to gain resources. we want to see how weak. we have the mightiest military. but do we have what it takes to utilize it and important policies that are tough. and that's what they're testing. and they're testing it all over the world all the time. and i think obama is going to prove we are weak, okay. >> chris, we just herd them say we have the mighty military. by the policy, do you agree or disagree with that? >> what is the policy? we're continuing the bush policy of building an anti-missile

system in eastern europe which has got the russians pretty upset. they're trying show that they still have muscles to flex. but they really don't, do they, chris? they're a shadow of the republic. they can't come close to us? >> they don't nearly have the fleet that they used to have but they still have the largest fleet of nuclear submarines in the world. right now, we're getting free training out of this. >> all right. i got a good question for you, so i understand, their missiles that are on russian land, they can hit the u.s., right? it's not like, oh are for the first time, they can finally hit us, they can hit us with missiles in russia, right? >> intercontinental, chris? >> of course, they can. they have a missile they're trying to develop right now for their submarine that keeping failing. a missile called the bahrada

missile. >> thank you, chris, for beings with. next up -- blog view, we're back in two. oof! i hope he has that insurance. aflac! you really need it these days. how come? well if you're hurt and can't work it pays you cash... yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac!

the great recovery, got to believe, i truly hope the rebound from this formal recession turns out to be far better than most anyone is expecting. one reason is my belief that america alone is the one hyperpower that can lead this global economy to a new wave of growth and prosperity. now, in the blogosphere, hope say dirty word. the other day, a blogger calls himself davos put up a quote with this word, optionally, a realist, a bearish one, delusion, though, he says say false belief, strongly held in spite of invalidating evidence. especially absence of mental

illness. he doesn't think i'm mentally ill. thanks for that. so in spite of validating evidence. let me just point out that my optimism isn't just based on hope. it has abundant data propping it up. look at the impending home sales, up in six years. that say turnaround. look at the data on other leading indicators, new holes, upped prices. and look at the 50% rise in the s&p stock index. in five months, the difference comes down to whether you believe in tax americana in america agency the one true leader in the global economy. some people believe in china instead. you know, china's per capita gdp is $6,000 a year. ours? it's at $47,000. the problems we hear the obama

posse pipe up and say the high cost of health care, all are fixable. profit motive is a great thing. it's about time, bam. and the bloggers got onboard. i'm dennis neal. that's all for us tonight. cnbc reports back tomorrow night. good night. a small town. if a deal seems too good to be true. undefeated professional boxer floyd "money" mayweather has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster,

email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. to being able to manage your diabetes properly. it's very important for me to uh check my blood sugar before i go on stage. being on when i'm feeling low can be like a rollercoaster. it does at times feel like my body is telling me to do one thing... and, my mind, my heart is telling me to do something else. managing my highs and lows is super important. with my contour meter i can personalize my high/lo settings so it really does micromanage where my blood sugar needs to be. i'm nick jonas and never slowing down is my simple win.

you must be looking for motorcycle insurance. you're good. thanks. so is our bike insurance. all the coverage you need at a great price. hold on, cowboy. cool. i'm not done -- for less than a dollar a month, you also get 24/7 roadside assistance. right on. yeah, vroom-vroom! sounds like you ran a 500. more like a 900 v-twin. excuse me. well, you're excused. the right insurance for your ride. now, that's progressive. call or click today.

in this episode of "american greed" -- >> he was a good fisherman. >> he turned the boat around to get that fish. he has to get it. >> barry hunt is an expert fisherman, angling for big money, and reeling them in hook, line and sinker. >> he wanted anything in the thousands. >> literally, people are throwing money at this guy. >> you always get paid until he didn't get paid. that was it. the end of the game. >> later, a daring heist that pays off big. >> probably the worst experience of our lives. thieves still with art. "american greed" has behind-the-scenes footage from the crime scenes. >> who would steal these paintings? covet them? who wants to own them?

coastal new hampshire, where old money meets small time child. >> it's a very upscale neighborhood. >> an upscale neighborhood, people with upstanding citizens like dr. john rendale. >> that's barry hunts's house right there. >> bar hi runt owns a fishing supply business. he travels the world in search of large-mouth bass, and he's always quick with a fishing story. >> barry, i met soon after i moved here in 1983. nice enough fellow. soft-spoken. seemed knowledgeable enough and i kind of liked him. >> in the fall of 1983, barry hunt tells dr. riedle about a hot new startup. >> he had come across, as i recall, a person who had gone out of business who had a