typical stock won have been to $550 by now. i'm jim cramer. see you tomorrow. hey, larry, what do you have lined up? >> we have paul ryan tonight. he's going to tell us how to stop tax hikes and save america. i'm larry kudlow. this is "the kudlow report." buried deep in the obama budget is a massive $350 billion tax hike on business. that's right. it also includes $150 billion on offshore profits, another tax. these would be the biggest corporate tax hikes in the history of the earth. now, standing by to join us this evening, house budget chairman paul ryan. he's going to tell us how to stop all this and how to save america. but we begin tonight with some breaking news on another big tax story. this time we go back to the social security payroll tax

holiday. we welcome back luke russert who joins us from capitol hill. i hear breaking news, the payroll tax holiday is moving forward, making progress in the conference. what can you tell me? >> that's right indeed, larry. the payroll tax holiday, there seems to be tentative agreement to extend that for the rest of the year. it will cost $100 billion to the national deficit. it will not be paid for. also within that bill there's a plan to attach unemployment insurance, as well as the medicare doc fix. there are important changes to both of those as to why it will get gop support in the house. unemployment benefits used to be 99 weeks. for most states, it would be 63 weeks, if they an state has a high level of unemployment, it will be in the 70s. however, limited drug testing will be in there as well as someone must be actively searching for a job to get the benefits to do the entire week

allotment. on the medicare docs, these are changes going into the bill that should elicit enough gop support in the house, as well as democrats seem to have signed off on this within the conference committee. it o could be done as early as friday. >> then they'll bring it back and vote. last one, do you think the republican leadership in this conference committee can sell it to the rank and file in the house without any pay fors, luke. i guess that's the tricky part. >> i just came from the meeting where all the gops were outside. a lot of the rank and file members, especially newly elected freshmen were unhappy with the fact the payroll tax cut will add $100 billion to the deficit. they think it's flawed policy. the question becomes is are there enough folks within the conference that the leadership can say come on board and join with democrats to get this forward to avoid the absolute

political fallout that happened in december. the gop leadership with folks i've spoken to are pretty confident. some rank and file members will get angry and beat the drum. >> luke russ et, we appreciate it. we will have house budget chairman paul ryan. he's going to join as you little later in the show, tell us all about the budget and perhaps the payroll tax holiday as well. >> i want to get back to this other story, the biggest corporate tax hike in the history of the earth. today tim geithner testified before the senate fans committee defending team obama's election year call for higher taxes on wealthy taxpayers. here he is on corporate tax reform. >> we're going to propose a broad reform that will lower rates, broaden the base and wipe out a very substantial fraction, dozens and dozens and dozens of

special tax prercferences for businesses. >> while creating a lot of new ones? >> no. >> the obama budget has a $350 billion tax hike on american companies. that is crazy. and inside that according to the budget is a $150 billion tax hike on u.s. profits overseas, exactly wrong. there is talk about a goebbels minimum tax, which is perhaps where that $150 billion tax hike comes from. that is also wrong. essentially these measures are penalizing american companies operating overseas. it create as double tax on their profits. i don't like any part of that. business is going to hate that. now, let's debate it. we have cnbc contributor, our great friend jared bernstein. we also have steve forbes,

chairman and editor in chief of forbes media. gentlemen, thank you. jared, i am all for a lowerer marginal tax rate on corporations. i reckon it might come in under 30% from the current 35. but i'm hearing these massive tax increases everywhere else so that this thing is going to wind up being a trojan horse for job destroying and stock market destroying tax hikes on business. >> not at all, larry. in fact, this sounds precisely what you have been asking for for months and years and steve as well. look, you know that you can't have a revenue neutral tax reform broadening the base. you're going to have to close a bunch of loopholes. there will be winners, there will be losers. how else account do the arithmetic, larry? what am i missing? >> steve, if it were me, i'd

want it as close to revenue neutral as possible. >> thank you. >> i'd want to get down to 20% on the corporate tax rate or 15% and take away the loopholes. steve, do you think we should have global minimum taxes and tax american companies who are profitable overseas just because they're overseas? that's what's got me going about this plan. >> yes, unfortunately they're sipping the poison wine from europe. you have the german and frenchmen proposing this for years, larry, minimum taxes, which means higher taxes, which means less economic growth around the world. we should be closing loopholes, lowering rates but not punish companies that have world wide presence like apples, not picking winners and losers, bashing our energy companies, giving a few break of high tech companies. stop playing winners and losers, have a level field and we'll all be better off. but no minimum tax. that means higher tax.

>> i actually agree with what a lot of what the two of you just said. i do think it's unnecessarily confusing when you have these conflicting eye keys. what i want to hear from you and steve is that the part where secretary geithner says we're going to cut dozens and dozens and dozens of tax preferences because you're on board with that. there's $160 billion of tax expenditures every year in the corporate tax code. you've got to be ready to put those on the table if you're serious about this. >> the true flat tax does away with all of them and slashes the rate. my proposal from 35% down to 17%. and none of this territoriality we have. we're one of the few countries that punish companies for having a worldwide presence. >> okay, steve, i take that but -- >> get rid of all of them. >> steve, i take that point but here's the thing. on deck, i'm talking about in the batter's sirk certainly

corporate tax reform ala larry kudlow and a lot of different people. i want to heart two of you stand up and applaud when geithner takes this tax rate down to 28% and cuts all those loopholes. >> if you cut all the loopholes, you can get this thing down to 15 or 20%. this is a disguised tax increase and punishes companies for having that global presence and they're still playing winners and loses, energy versus technology and who knows what else. why not make it clean? if you don't make it clean, it's not going to happen. >> i agree. >> i just want to weigh in on that because these are big numbers. a $350 billion tax increase, which is a revenue increase, is not consistent with the kind of vision that steve forbes is proposing or that i propose. >> that's a ten-year number. >> i would say to you if you're going to raise that kind of revenue, let's put the territorial aside. i think this global minimum tax

is inexcusable and it will never pass because the business community won't hear of it. the other tax hikes on business should never go through unless the statuary rape is brought down. this is a bill lit of a trojan horse. i could be wrong. a 28, 29, 30% tax rate that still raises $350 billion, this can't work the numbers don't match. it tells me this is a big tax hike and not a tax kwut. >> first of all, that 350th is a ten-year number. every year accelerated deappreciation -- depreciation. you and steve have to be ready to put it on the table and i think i sort of hear you saying -- >> i'm good with getting rid of the loopholes and expenditures,

steve forbes. i just want the rate to come down commensurately. >> this is like a jimmy carter tax reform when he proposed cutting it from 77 to 64 and getting rid of tax preferences, which have been a disguised tax increase. it should be across the board and propose something truly radical. in terms of accelerated depreciation, how about keeping instant expensing. >> now you're picking and choosing your loopholes again. you got to be ready to get ready of interest deductibility. >> if you company spends $100 million on a new factory, they shouldn't be able to write it off? that's not going to work in the world. >> that's what i was worried about. when push comes to shove, everybody likes their loopholes. >> if you want to get rid of ak

celebrate raitted key preesh yagts and instant expensing and go along with 10%, i'll go -- >> i want a revenue neutral. >> revenue neutral in a -- not the crazy way the cbo does it, which assumes no effect on the economy. i don't like that. >> cbo is going to have to score this. >> it should be brought into the real world where when you reduce tax rates, you get more activity. >> i'm just looking for you and larry to applaud this when it comes across -- >> i'm not going to applaud a massive tax hike. i will applaud rate reduction. that 50 billion scares the day lights out of me, $150 minimum global tax scares the light out of me. thank you. >> happy valentine's.

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printy go y -- pretty goo comeback in stocks today. in the final hours of trading, report in greece the head of the conservative party has signed on to the austerity deal. the dow wound up finishing higher. nasdaq is closing in on 3,000, by the way. isn't that interesting? joining me to talk about dow 14,000, my pal michael zany, who is the executive director at forbes. i just want to ask you, though, i know you're a bull. if you had an obama budget passing with a $350 billion tax hike on corporations and even more on dividends from 15% to 40% in cap gains, wouldn't that

be a terrible sell signal? >> would i change my outlook on the economy and the markets. but one of the good things that's been going on in the last couple of years, larry, is that we've had basically a budget freeze for two years. spending has been flat. little by little, if i were republicans, i would be taking credit for some of the recovery and better news on jobs -- >> because they stopped the bad stuff, the real bad stuff. >> stopped the bad stuff. if we were to get the obama budget as it was today, it would put in a lot of bad stuff. >> bone crushing tax hikes. retail sales come in soft and import prices are still rising, maybe more slowly but they're still growing at 7%.

i raise that because i know you are not a bull on the stock market. >> our act to create wealth has decreased dramatically. real gdp is down almost 3% since all the stimulus spending began three years ago. the dollar is taking a pounding, the incentive to work is taking a pounding. that's why i tell you, inflation is coming -- >> world food prices up 27 postlast year. >> i hear you but let me play obama. since my policy, stocks have doubled -- >> that has nothing to do with it. the fed has been printing money. this is a bubble! this is a bubble! >> jobs have gone up by 2 million in the last year. >> at what cost? what cost in. >> the problem that we have today started a long time before obama became president. >> absolutely. >> we've increased spending by way too much.

i go back to 2008 and say we made a bunch of mistakes, republicans made a bunch of mistake. tarp was a mistake. it interfered with the free market processes. we're paying a price for that. but it doesn't mean we won't have growth. that's one of the the key points. even in france they have economic recoveries. even in canada. canada has national health care and they have 7% unemployment. >> wait a second, canada has a 15% federal tax rate on corporations. canada is doing better than we are. >> they have national health care. >> canada has a appreciate conservative prime minister who is cutting back on socialized medicine and lowering regulations and pumping oil. canada gets me going. >> by the way -- >> valuations. you got a 2% dividend yield. where's the great value in that? then you have a budget where the president will continue to blow

out government spending, 22% or greater. 2 -- >> if you believe his budget will pass, you should properly be a bear. >> i think they're going to use scare tactics to say you're going to cut back on this $8 billion still laws to community colleges, that's why -- >> you don't think the republicans will stop, it's actually $1.9 trillion in taxes overall. you don't think the house gop will stop that? >> look, they're caving on the payroll tax. >> republicans have a free lunch here, it's called the payroll tax holiday and they won't pay for it. that's not a good leading >> the obama budget is the anti-tea party budget no, doubt about it. but the republicans are squhag they're against what the tea party stood for as well as. we have to get back to that

spending cut. they're afraid of them. they want to win the election. they're trying to go down the middle of the road. we've gotten small benefits from -- >> i'm very bullish. >> quickly. i'm runging out of time. >> the stock market is worth -- the dow, it's worth 18,000. i think it will go to 14,000. >> i think gold will go up a at least 10%. china's money supply increased 15%. >> you should be bullish on stocks. >> china is running rings around us, larry. commodity prices are going to go up because of all of china's infrastructure. >> i think canada is going to -- >> that's because they're not killing their currency. >> brian thank you so much.

the fed has okayed a merge are of two big banks, may become the nation's fifth largest banks when all is said and done. please stay with us. hello, how can i deliver world-class service

for you today ? we gave people right off the street a script and had them read it. no, sorry, i can't help you with that. i'm not authorized to access that transaction. that's not in our policy. i will transfer you now. my supervisor is currently not available. would you like to hold ? that department is currently closed. have i helped you with everything you needed ? if your bank doesn't give you knowledgeable customer service 24/7, you need an ally.

ally bank. no nonsense. just people sense. . we have breaking news about the merger of two big banks. jonathan joins us with the latest. good evening. >> good evening, larry. breaking news to report. the federal reserve has given the right for capital one to

acquire ing direct. the price tag $9 billion. people are watching zynga. shares moves down sharply after trading. julia boordstin has more. >> the stock is lower after hours. projections fell short of wall street expectations and earnings are down from a year ago when the company was still private. on the up side the social gaming giant says advertising and partnership revenue tripled from last year. its mobile business has strong momentum and the company said that the potential for legalized online gambling is a, quote, very interesting opportunity. >> new guidelines from the treasury department are hurjing banks to cut all ties to iran's

central banks. talks between yahoo! and internet giant ali baba were abraptly called off. boeing stocks went up after it received -- late payments rose and 60% of mortgages are now 60 days late in payments. finally tonight the sports illustrated swim suit issue has been released. on the cover, kate upton, the niece of michigan congressman fred upton. no comment from the congressman. si.com expects 45 million views and video plays today alone.

happy valentine's day. >> of course kudlow viewers are very much aware of the "sports illustrated" cover. we appreciate your help as always. coming up, paul ryan, republican from wisconsin and his first tv interview since the president's budget released. he'll tell us why he's he opposes the budget and how he'll save america. i look forward to it.

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welcome back to "the kudlow report." president obama sent congress his 2013 budget proposal yesterday. gop house budget chairman paul ryan has already said the president's budget ensures debt crisis and decline. he called it failed leadership. here now for his first tv interview since the president's budget released is house budget chair paul ryan, republican from wisconsin. mr. chairman, welcome back as

always. i want to talk about budget details but let me get your overview. you're calling it debt crisis and decline. tell us why. >> it's a fundamentally unserious budget. the president literally is just punting on the issues. this is really more of a campaign document than a credible fiscal solution to our big budget problems the president is claiming this is a $4 trillion reduction pack and. but when strip out all the tricks, he's increasing taxes for a $1.9 trillion for a measly $4 billion in deficit reduction over a four-year period where he proposes to spend $47 trillion. the debt raises 76% unserious. the problem we have is in this

moment in history, this is whether we need leadership and it's when we can least afford to have a president who is just walking away from this. it's the fourth year of trillion dollar plus deficits with the president's fourth budget. that's why we say it's not serious. >> he says he's cutting the deficit by 4 trillion but when you look at the numbers from his own table, the deficit rises by 6.7 trillion and spending rises by $47 trillion. this is over the ten-year window. you mentioned almost $2 trillion in tax hikes, about $350 billion of business tax hikes, offshore profit tax hikes, repeal of the bush tax cuts, you got payroll tax cut is in here someplace but everything else, capital gains, dividends, banks, oil and gas companies, millionaire, how can

that grow the economy? you're a growth guy, a supply sider. i don't understand how that grows the economy. >> it doesn't grow the economy because of effective top personal income tax rate goes to 44.8% in 2013. you and i both know that 8 out of 10 businesses in america file their taxes as individuals, subss, locs, partnership. we're going to tax where half our jobs come next year at over 45%. the canadians are dropping their tax on their businesses to 15%. the chinese are at 25. the irish are at 12.5 and president obama is saying we're going to tax all these successful small businesses at about 45%? and even taking these tax increases, just those bush tax cuts, the top two rates, that pays for something like 12.7% of his deficit spending. the so-called buffett only pays for 6.7% of his deficit

spending. put aside all the economic damage of these tax increases due to capital and business formation and small businesses. it doesn't even come close to paying for his spending binge that occurs over this period of time. >> are there any legitimate spending cuts in this budget? >> no. he increases spending of $1.5 trillion. it's a net spending increase. you have to net these things out. other than saying -- he really cuts defense big time but the spending increases on domestic spending more than overcompensate these deep cuts to defense. it calls for a net increase in spending. >> i thought there was like $350 billion of additional so-called stimulus spending in this budget. is that true? is that hidden? that's what i think i found. >> that's in there. like i said ash lot of domestic spending increases so that this budget is a net spending

increaser. >> so let's go back to basics. you have warned for the last several years, you call yourself a second generation supply sider, i love that. and you have said that the debt bomb from over spending and the bankrupt entitlements, that the debt bomb is going to turn into a tax hike bomb and that that is going to sink us. i'd like to you elaborate on that and tell me, if you, will what you're going to do about it when you propose your budget in about a month's time. >> right. so all this current borrowing is just tomorrow's tax increases or tomorrow's, you know, inflation. so either we're going to crank up taxes or the fed is going to monetize. the problem is every time you don't do something to fix this problem, it just gets that much worse. ask the greeks. what we're going to do, larry, is we're going to propose and pass a budget again.

i know that sounds nofel these days. we have a law that says we have to have one. now nathey're going to ignore i in 2012. we're going to propose a budget that gives fundamental tax reform. broaden the base, lower the rates. our budget last year said top rate of 25% for businesses and individuals, a territorial tax system so we don't get into this repealing, deferral and double taxing american companies and get rid of all the loopholes and deductions. you can raise the same ref newspaper for the government in a far more efficient way. that combined with spending cuts, spending controls and entitlement reforms dodges the bullet of debt and gets us back on a path to prosperity. >> are you going to come back

with a new round of paul ryan and now senator ron widen, democrat of oregon, are you going to propose that art part of your package on reform. knowing they'll come after you, will you put it in your budget again? >> i don't know about that. i haven't written my budget yet and it's a collaborative effort with my colleagues. we're trying to show there's room for a bipartisan consensus and strengthen medicare, keep the guarantee for the current seniors and have a problem that young people can rely on. right now medicare is making $37 million in empty promises. the only other spending cut the president calls for is a net spending increase in budget but his only other spending increase

in of of significance is more medicare rationing. we believe there's a bipartisan consensus emerging on how to save medicare. >> you want to slash spending and save entitlements. yet we had a report the conference committee on the payroll tax who will day, republicans are signing off on a $100 billion payroll tax holiday without paying for it. doesn't that undermine the credibility of the great noble thoughts that you are telling us about? >> well, i think it's really unfortunate that the president and the senate, remember these are three-way negotiations and the house republicans are one, the president and senate insist on no not paying for this thing at all. i do have trouble with what you just said actually. because this finances social security. if you don't cover that, then you're just harming the social security trust fund. have i a problem with that.

the fraush that s that -- we paid for this. we passed a payroll extension. so that's the pick we'll find ourselves in. but the broader issue here, larry, is we have put out spending cuts, entitlement cuts and tax reform. the senate is not budging. the president gives trillion dollar budget deficit and does not propose to do anything to fix this fiscal crisis and it's a huge abdication of leadership at a home in history when we need it so badly. >> who on the campaign trail is running that has your ideas, stop the teent society, stop the debt bomb, who do you reckon is

carrying your message? >> i'm going to give you the dodgy answer. they're all getting better on this. we want an upper mobility society, we don't want a safety net that turns into a hammock. we want people up on their feet to grab the higher rung of the ladder. we believe in growth and prosperity, helping people when they're down on their luck get back on their feet. pro-growth economic policies that put america in the league that make us competitive, that stop tearing people down to zero sum thinking, we reject it. and think our nominee will be great stewards of this message because we're backing them up in the house. >> house budget chairman paul ryan on saving america. >> programming up for tomorrow evening, i'm going to be joined by ed lazier. next up tonight is mitt romney

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are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. senator rick santorum's

surge continues. in michigan the polls have him leading by 3. the primary is just three weeks away. mitt is playing up his roots. please listen. >> i grew up in michigan. it was exciting to be here. i want to make michigan strong are and better. michigan's been my home. this is personal. i'm mitt romney and i approve this message. >> we have howard dean, 2004 presidential candidate and robert costa of the "national review." governor dean, i haven't seen you in a while pip want to ask you the santorum surge in michigan. he's reaching out to blue collar workers. can it work? >> it can work. this is a shocker. romney survived south carolina. it want such a big deal. he's going to have a tough time if he loses michigan. that's a state he ought to win.

if santorum beats him in michigan, this is wide open. >> senator santorum has tax prerch preferences for manufacturers, he's the sun of an immigrant. it's a cultural thing. from your own experience, do these cultural approaches work? does he connect with voters on that basis? >> some. he's very, very conservative. more so than governor romney. but that's helping him in the republican primary. i don't know who votes in the republican primary in michigan. i suspect it's the very conservative blue collar vote percent. >> bob costa, who does vote? is it going to help santorum or help romney? >> i think it's going to help santorum. the demographics in michigan are very close to santorum's western pennsylvania base. he thinks if he can go in there and talk about reviving

manufacturing, his message will win. >> do you think it was wise for romney to run an op-ed piece in the "detroit news" where the headline is "crony capitalism on a grand scale," meaning he opposed the bailout of detroit. do you think that's good politics for mitt or bad politics? >> these op-eds have been a -- he's known for the writing an op-ed saying "let detroit go bankrupt." romney is seen as the guy who has to go back and key defend it. >> it was a big, big mistake. you put that in the paper. >> and and trum has the same position but doesn't talk about it. >> that's right. why would you put up on something that was going to remind everybody exactly what you don't want to remind them. it's a huge blunder. and he does not many blunder. this is the sail of two fathers.

romney talks about his dad. both are trying to signal the voters in the state of michigan that they are one of the voters. in the tale of two fathers, who is going to win? the santorum feat or romney father? >> on paper george rahm any feels like he'd be a better asset on the campaign frill. hits comfort several a really enabling him to connect with voters. he can go in there and talk about being the grandson of an italian immigrant, the son of public employees. romney has a great story with him father by not -- >> romney is a much better candidate in terms of

independents. he's much more conservative than romney. independents shouldn't be voting for santorum in the general election but he could because he comes across as a guy who is just like everybody else there. >> if you look at the polls in michigan, santorum is picking up. that broad reputation in the matters, he's connecting. >> howard deal speculates to me a san truck victory. it seems like that would completely shake the race up. >> it will is that mitt romney is organized across the state and he has a ton of money. but this would be a real body blow. this would be a tremendous body blow in mitt romney were to lose. i predict you'll see tens of millions of the super romney pack. if they lose this, anything

could happen. >> bob costa, does anything get changed if it -- >> it scrambles everything. if romney can't win in michigan, the question is can he win down the map in ohio? that's the biggest state on super tuesday. romney won in florida but if you're going to a national candidate, you have to win plays like ohio. >> and santorum has showed up strong in the midwest so far. iowa, minnesota, missouri. many thanks former governor howard dean and robert costa. up next, j.r. morgan's coe. heap says it's making the recovery slower and worse.

phil gramm is my special guest up next.

our next guest former distinguished u.s. senator phil gramm of texas says we're in the worst recovery of jobs and the economy since world war ii. he joins obama as policy. joining us is former senator phil gramm and former vice

chairman at ubs. i want to start with this, jamie diamond, the distinguished ceo is usually a democrat. heap says washington policies have made the recovery slower and worse. why do you and jamie diamond agree? were are you here to tell me? >> i'd like to say we're both smart guys. basically here's the deal. if we were recovering at the rate of the recovery we had in the average of the ten post-war recession, we would have 13.5 million more jobs than we have now and per capita gdp for every man, woman and child in america would be $4,500 greater. the recovery has been ham strung from the beginning. today nobody in america can tell you what their taxes are going to be next year, what health care costs are going to be next year, what energy policy is going to be next year, what the

regulatory burden is going to be next year. >> so uncertainty is killing -- >> uncertainty is killing the goose that lays the golden egg. >> not my usual norm. but what president obama and his team would say is that we suffered a terrible deep and unusual financial crisis/recession. you wrote an op-ed piece about that, we may have a tear sheet to show the people on "the wall street journal." is that argue legitimate, a terrible, unusually deep financial recession? >> well, it was a deep recession. it was not as deep as the '82 recession. i remind new 1982 we were tightening monetary policy to try to break a 21.5% interest rate and 16% inflation rate. american industry had to restructure to become competitive in that recovery. no such burden in this recovery and yet in that recovery we

recovered at through three times the rate. >> what would you do now? if you were back in your old post, you were the most distinguished budget and fiscal senator while you served. what would your first action be if you were back in the senate? >> well, i think the right thing to do in terms what we could get done today would be tax reform. you were having the discussion recallier about all these new proposals about international minimum taxes. those are not closing loopholes. those are new taxes. i'd like to simply begin with a clean slate and begin with the lowest rate that we can achieve revenue neutrality with and then force each deduction or credit to be voted on individually. so make rates lower, make the system fairer and simpler. secondly week have got to take on entitlements. we've got to raise the

retirement age on social security, we've got to change the index we use for social security from wages to prices, we've got to ask higher income people to be willing to take less. and in medicare we have got to have co-payments and deductions based on income to provide incentives for people to be cost conscious. >> you are the author -- paul vorker said that caused the banks to take undue risk and caused the financial meltdown. as one of the authors of that bill, what's your response? >> it's not true. i can tell you in one sentence what caused the financial crisis. we lent a lot of people a lot of money that they couldn't or wouldn't pay back. we force banks to maybe subprime loan, we force freddie and

fannie to buy them and when the housing bubble broke it, injected poison into the veins of the system. now look, if allowing banks and security firms to affiliate caused a problem, why didn't it happen in europe where they never had glass-deegle. and obama campaigned against gramm-leach-blyly for six months. he didn't change a single major thing. >> should banks be able to trade for their own account? >> yes. >> you say voker is wrong? >> i say voker is wrong. >> should they be able to sponsor priority equity and hedge funds inside their own accounts? >> in their holding companies, not in the bank. >> that was the fire wall you always wanted. >> thank you very much. you bullish or bearish? >> in the long run america is going to work, it's going to overcome not only the disease but the absurd prescription of

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