. >> well, you may not believe it but attorney general eric holder just did something that made liberals, libertarian, even a lot of conservatives happy. it's a new policy to reduce prison sentences for non-violent drug offenders. it will have big legal and economic effects. >> in boston, a jury has found whitey bulger guilty of 11 murders and dozens of crimes. >> and more than 75 years after a disastrous decision to nationalize their oil companies,

the mexican government paving the way for outside investments. it's a major win for free market investments. all those stories and more coming up on the "kudlow report" right now. >> good evening. i'm michelle caruso cabrera. larry is off tonight. attorney general air hoeric hol announcing his changes to the american justice system. steve handelsman has the story. >> reporter: this is about two things. number one, the u.s. federal prison system is unbelievably overcrowded. since minimum mandatory sentencing took effect in the early 8 s. we have 25% of the world's

prisoners. but there's also a community problem, a personal problem, being locked up say many experts in this field for relatively minor offenses takes a toll on an individual, on a community, on family. today i spoke to marcia montgomery. she says two of her nephews went to jail for ten years for pot. >> it does a lot of damage. it broke their spirit. they act like nobody cares about them. >> reporter: holder in effect today agreed. >> too many americans go to too many prisons for far too long. today a vicious cycle of poverty, criminality and incarceration traps too many americans and weakens too many communities. >> so should we get rid of mandatory minimum sentencing for some drug offenses? a former drug czar sounding a note of caution. >> you do need the threat, the

tool, the coercive threat of incarceration to get people to comply with court-ordered drug traems. >> eric holder is ordering judges to be sure they are not charged with offenses that carry mandatory minimums. michelle, for this to be a systemwide change, for federal judges to get back some of the leave way and discretion they used to have would require congressional action, but there's already support from both parties here on the hill. >> in the meantime my understanding is the way they are going to do it is federal prur prosecutors aren't going to include the amount of the drug in the information given to the judge and then therefore he cannot do one of the minimum mandatory sentences; is that correct? >> that's one way do it. if you have keep the amount undefined it, can be dumbed down

to simple possession, if you will, and that gives the judges the discretion they don't have. but when it does come to a first federal offense for pot, there is no minimum mandatory. so in that one offense, which is the most common federal drug arrest, you don't need to do this. >> all righty. terrific. thank you so much, steve. nbc steve handelsman. so will the changes be enough to fix our prison system? joe, i'm going to start with you. is this a good idea? >> it's a good idea. it's a good start. i agree with the attorney general. we have too many people in prison for the wrong things, for too long. i think what he's done today is essentially given prosecutors the discretion which they have not had for a number of years under department of justice guidelines to in federal cases not charge the most serious crime they could and instead

charge a less serious crime, thus avoiding the technical imposition of mandatory minimums and giving judges a little more discretion. >> why is this good? >> because we need our prisons for serious offenders, dangerous people, violent people, people who have committed very serious crimes and there are too many people there, including elderly inmates, who do not cause a threat to the public and should not be incarcerated. these people should be working off their sentences doing community service and doing something to better their community. >> matt welsh, i imagine reason magazine thinks pot should be completely legal but i also think you think it's a good first step. >> it's a good first step. it's the head of law enforcement saying overincarceration and the drug that feeds is t is an

alarming kind of shift. >> is it an admission that the war on drugs is a failure? i wanted that for a long time, flight. >> it's an admission of what people have always talked about in private quarters, sometimes while smoking a joint in washington and that is that everybody knows it doesn't work. and it's ruined millions and millions of lives and people laugh about it. >> what do you say pot is the first step to more serious drugs? >> pot is the first step to the presidency we've learned in the last three presidents here. what we've seen is prohibition, we saw this with alcohol, prohibition of alcohol created all these pathologist of violence, created al capone and the mob. the same thing has happened with marijuana especially. and it's taken us so long to learn something that has allowed to us shred the fourth amendment and protections we've had

previously. >> joe do you agree with that? i would add to that and tell me what you think of this. whenever you have deep demand for something, someone is going to meet that demand. we learned that with alcohol. someone is going to have to pay a lot of money and a lot of violence. >> i'm not in favor of legalizing marijuana. that's not what this debate or i thought this show was about. the issue is whether or not the attorney general has made the right decision. he made a very good decision about trying to make sure we do not incarcerate the wrong people for too long. that is not a prescription and he did not propose today to legalize marijuana. >> you don't think that's a first step? >> no, i do not. i'll tell you why. the science of marijuana is very, very bad. the dangers, the problems associated with chronic use of marijuana to brain deterioration

are very, very serious. that couldn't mean we should lock people up forever who use. >> but aren't the same things use of alcohol, chronic use of alcohol, abuse of alcohol? it's the same, right? why aren't they the same when you talk about issues related to both? >> they are not the same. alcohol and marijuana are two entirely different chemicals. overuse of alcohol is bad. overuse of marijuana is worse. >> can you drink yourself to death, you can't smoke yourself to death. the important thing is the federal government has a lot of discretion, tholder has discretion, they've been prosecuting people for marijuana. it's a strange thing for him to say we're going to evade steens

tense -- sentencing right now. >> a lot of public companies that trade are prison companies. what do you think is going to happen? >> i've never been a fan of private prisons. many of them are worse than federal prisons. i don't like the management of those prisons. i think the better thing to do is prosecute the truly dangerous. when it comes to medical care for inmates, it is a national disgrace that people are more likely to die in prison, they don't get good care. no matter what the federal bureau of prison tells you about incarceration, we run a pretty bad system. it actually disgraceful. as far as state prisons go, it's much worse. >> it's only the federal level, right? >> most of the people in prison in this country are in state prisons and those charging

decisions are not affected at all today by the attorney general's decision. >> what the attorney general is doing is he's hopping on what we've seen a lot of prison reform and drug reform that's happened in a lot of states, including by a lot of conservative politicians have been leading the charge in prison reform. he's in some ways playing catch up to what's been seen on the local level. a lot of people are sick of locking people up for drugs. >> i agree with that. the attorney general is a little late to this party. >> thank you so much. joe is going to stick around for our next discussion. we have another major league story for you tonight. that's the conviction of vicious mobster whitey bulger. this was a case that took decades to finally succeed. it's justice but why did it take so long? and later why are more and more citizens renouncing their citizenship? it's the taxes of course. don't forget, free market

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he was once a larger than life figure and the most feared man in the state of massachusetts, but now james

"whitey" bulger is just one thing today, guilty. kristin joins us now with the details. >> reporter: to give you a little bit more perspective, james "whitey" bulger was one of the most notorious crime bosses here in boston. he was on the lamb for 19 years before he was caught in santa monica, california. he was the man who the character in "the departed" was based on. today he was convicted on a number of counts, those include being associated with 11 murders, also racketeering charges, extortion charges, drug trafficking charges. it begins at least to close what's been a pretty ugly chapter in boston history. including to the prosecution, whitey was a fbi informant during the time these crimes were committed. the victims' families came out,

many of them relieved by the verdict. whitey bulger turns 84 next month. it's likely he'll spend the rest of his life in prison. the sentencing is set for november 13th. many families are upset and still angry at the government because many of these crimes were committed when bulger was allegedly working as an fbi informant, michelle. >> thank you so much, crikriste. it took 16 years to find bulger. why was this so worth it? and we continue now with joe and other other guest was an intern on this case. >> many, many years ago when i knew nothing. >> that's how long this case has been around. how important was it for these prosecutors to actually finally get this guy.

you saw them up close and personal doing this. >> for fred wyshack and brian kelly, this was their lives' work. no question about it, this guy was the number one boss, he had run the italian mob from rhode island out of massachusetts. he was the brother of the state senate president, he was seen as being larger than life, too big to touch -- >> and he was for so long. >> and in the end when the u.s. government finally got the junk out of the fbi, the people who disgraced their badges and who went to jail themselves, after 16 years they eventually found him not living the life of luxury that people said he was living with the i.r.a. or something like that but living in a kind of crappy little apartment out in santa monica but they brought him and justice

has been served. >> joe, your thoughts on this case that was pursued so relentlessly. >> one of the most disgraceful cases in the history of the fbi. the performance of the fbi over a number of years in this case was an embarrassment to federal law enforcement. the complicity of various fbi officials in the commission of serious federal crimes was beyond anything i have ever seen in law enforcement. i thought that the supervision over the years of the fbi to try and find out about what went on in the whitey bulger case was disgraceful. there was political influence from massachusetts, including his brother, who was the president of the state senate and the president of a university in massachusetts, had a profound influence on the inability of the two senators, united states senators from that state to have influence and to try and get things done. this is one of the most disgraceful cases in u.s. history. >> how did this happen?

was he a buddy with these guy when is he was little? it's that simple? >> people in power were influenced by politics and the fbi -- >> i agree with that 100%. the foxes were literally in the henhouse here. the guy handling whitey bulger was his childhood friend. >> the fbi agent. >> the fbi agent, who was supposed li supposedly handling whitey bulger -- >> an informant. >> i want this to be clear. whitey bulger, the legend died. he was supposed to be a guy who would never rat and it turns out he was a rat. >> for years and years and years. >> he said if he ever got caught, he would get on the stand and let it all hang out. and in the end, he didn't get on the stand.

there were too many bad days for too many years but today is a good day for the good guys. >> what does the fbi do when it comes to informants? informant, the reason they can inform are bad guys. >> you don't let them kill, that's one thing. and the fbi let him kill 19 people. >> joe is 100% correct. there were procedures that were in place back then. they weren't followed. they need to be followed. you need to treat informants like you would treat nuclear waste. >> okay. joe, is there any chance that there's some kind of similar situation happen being riging r when it comes to informant and the fbi or any other law enforcement, dea, et cetera? >> the answer is yes, it's possible because our government is so big. >> is it likely? >> i don't know the answer to that unfortunately because law enforcement management in america at the federal level is a disaster. >> do you agree with that,

mitch? that's a pretty big statement. >> those are strong words for somebody who used to be a u.s. attorney. he outranks me. i'm not going to try to take that one out. >> you must be right. possible certainly isn't a lot of support for the federal prosecutions that we have in this country. >> i have great respect for the agents and the u.s. attorneys around the country who do a very difficult job. i was a u.s. attorney, i was an independent counsel. i've had a lot of experience. but i'm going to tell you something, federal government has gotten too big, federal law enforcement agencies have gotten too big. they are manageable. nobody know what is they're doing. look at the latest story about how the dea is providing information to the nsa interc t intercepts and are being told to lie to federal judges about it. you cannot have law enforcement functioning where they are told it's okay to lie to a federal judge about how a case got started. this has got to stop. >> so what should be done

instead? >> the number one rule has to be when you're looking at a federal judge, you tell the truth. if you can't follow rule number one, nothing else matters. >> why isn't that so obvious? joe? >> it's not so obvious because we've come a long way over the last 30 years where law enforcement has obtained huge amount of power to investigate and responsibility has not been commensurate with it. >> this is a much bigger story than whitey bulger. guys we're going to have to you back, there is a great discussion. there's a lot more there. joe, mitch, great to you have on. now it's the video of the day. this is a florida resort getting swallowed by a sinkhole.

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>> i didn't think anything bad happened at disney world. >> the number one movie at the box office was "elysium" but it only made $30 million. one review called it the most socialist movie ever. >> why didn't all the socialists go see it if there are so many? don't they have a huge audience for socialism? >> perhaps they could have made a lot more money. and cbs will check bchlcvs wil sure no one under 18 buys aceton. now you can't buy decon jestants. i had to have my boyfriend use

his once because i used my limit because i had a cold. >> i wonder if it isn't some connection to "breaking bad," because it's about making meth. >> can you imagine the employees are like, really, this is another thing i have to check ids for, nail polish remover? >> now the mexican government reverses 75 years of bad policy and that's really bad news for opec. we're going to explain next. hero: if you had a chance to go anywhere in the world, but you had to leave right now, would you go? man: 'oh i can't go tonight' woman: 'i can't.' hero : that's what expedia asked me. host: book the flight but you have to go right now. hero: (laughs) and i just go? this is for real right? this is for real? i always said one day i'd go to china, just never thought it'd be today. anncr: we're giving away a trip every day. download the expedia app and your next trip could be on us. expedia, find yours.

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so today mexico attempting to reverse a 75-year-old mistake. new president enrique pena nieto has proposed changing the country's constitution to allow profit sharing with private oil companies. that means letting private companies come in, even foreign ones, and help mexico tap its vast oil resources. here is john hoffmeister and joe valera. gentlemen, i want people to understand this is a big deal. once they get it through congress, if they get it through congress, that means the

state-run oil company won't be the monopoly in mexico. and how crummy an oil company is the state-run oil company in mexico, john? >> it has many strengths, michelle. it has actually been producing three-plus million barrels a day for quite some time. but that's fading because they do not have the technology to go into the deep water or to really develop the opportunity for shale formations. so the technology is missing. but apart from some of the corruption that occurs on shore and in the refining sector and in the criminal loss of product, the basic company is pretty well run. >> hold on, john, hold on. i'm thinking about the fact that every single year they have to hand over the vast majority of their revenue for the government to fund itself and then they have to wait for the government to decide how much money they're going to get for exploration for next year. that's like exxon mobil having to wait for john boehner and

harry reed how much money they're going to need for exploration next year when planning for exploration is a ten-year, 20-year plan, right? >> you're right. i'm distinguishing between the governance over the company. the governance has been the problem for 70 years. it's the governance that have fixed. it's sad that they've been under such constraints but if the president can address the governance, president fox wanted to, president calderon wanted to. but there simply wasn't the political support. >> that's going to be the tough part. >> jose, how big a deal is this? >> this is a big deal. pemex doesn't make policy in mexico. it only operates within a legal framework that is prepared for it. now with these reform, it will

open the door for congress to pass laws that to do many things that are going to be very beneficial for mexico. number one, pemex will no longer be the monopoly. that will enable the government to grant contracts directly to private sector companies to carry out exploration and production operations. >> you represent those companies. how hungry are they? >> they are very interested in this opportunity because mexico has very, very substantial resources of oil and gas. and this constitutional amendment would also allow the congress to permit that companies be compensated in cash or in kind, which is a very substantial change. >> john, this is a big deal for the united states also because we would have -- even though we are less reliant on foreign oil,

if affection mexico could turn falling production, it's down 25%. and oil production is the opposite of weight, it's really easy to lose, very hard to gain back. if they can turn that around, we have a friendly supplier to the south, as well as one to the north, right? >> mexico the southern leg, canada the northern leg and all the companies in between in the united states delivering ever increasing amounts of oil and natural gas. it takes government enablers, the permits, the permissions, the licenses, i can't understand for the life of me why this is even a debated issue in the united states congress or why this administration doesn't just get off the dime and do something. >> how scared is opec? >> well, opec has to be very

worried about the drift of oil production toward the north american basis because it leaves them out in the cold. they won't go away. countries like saudi arabia and kuwait won't go away. it's the dysfunctional countries that have the most to worry about like iran, iraq and others that will lose out big time. >> it's still going to be hard to get this done. the president of mexico wants to do this, however, it's politically tough. we'll show video from 1938 and 1939. in 1938, socialist country at the time, mexicans in the street demanding that the president nationalize the oil companies that are there, mostly british and american. the videos we showing you now, they wanted compensation because their assets had been seized and mexicans handed in all their valuables, we're showing people handing in chickens, cellos, jewelry, silver.

they very much see oil as part of their patrimony. if you own the land that has own in it, you don't own that oil, right? this is going to be a tough call. >> yes, it is going to be a tough call but the situation in mexico has changed considerably in the last few years. the political consensus you are describing that happened in the late 30s today has turned and completely. for the first time in a long time we have two political parties in mexico that have the necessary majorities in congress to pass a constitutional amendment that are in support of this reform. the president's party, the pri, which is the one that nationalize the industry in the first place, now has the political capital to say now we want to turn it around. and then you have the p.a.n., the political party and immediate past president also full in favor of this reform. so why we say that now is different? because now we have for the

first time in a long time enough political consensus and support to make this happen by people that can make it happen. >> hallelujah and viva mexico. guys, thank you so much. >> now, is there a more hated man on wall street than bill ackman? the folks at j.c. penny are so angry with him, they're trying to oust him from the board. but wait, they might make peace at any moment. we have the latest. there's meetings going on right now. we have been waiting for hours to see if they're going to settle their differences. we have court any rney reagan n. "stubborn love" by the lumineers did you get my email? i did. so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok?

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attention, there are reports the two sides could be working to resolve differences. bill ackman released two letters at the same time he sent them to the j.c penney board. he's also asking to replace the current ceo with the former ceo. jc penney released a statement saying they strongly disagree with mr. ackman and is disappointed the letter was released to the media is he same time it was sent to the board. richard perry with 7.3%

ownership in jc penney is joining ackman's side. sources tell cnbc 4.3 stake holder glen view capital has not chosen signdes in the battle. looking through the bylaws, removal of any board member requires a shareholder vote and 6 of the 11 board members have to agree to call a special shareholder meeting to vote on any of these changes. so you can't really do anything. jpmorgan thinks they're pretty much stuck with the board they have until they have a new shareholder meeting which is right now scheduled for may of 2014. >> and should they get a new guy pronto right now. he made it sound like the thing is going to collapse tomorrow. >> and there were some details he revealed in the letter he sent saying sales were picking up after mother's day but then

sales slowed down. it beckons backs to the main question, you got to get the people in the stores buying the merchandise. this is all a big distraction. that's the goal at hand. as long as you don't lose vendors, which is another issue, that could really be the straw that breaks the camel's back. >> don't move. we're going to bring in a pair of cnbc contributors. don, you love good theater. tell me what you think about this movie we're watching with jc penney. >> i think it's so wrong to call what ackman is doing a distraction. he's doing what directors are supposed to do. they're supposed to pick the people to run the company. he is taking his responsibility seriously. he's not one of these country club, men's club, in-crowd directors who sort of automatically vote for the incumbent and never make waves. oh, my god, he's taking his job

seriously. all the people who say he's a distraction are the people who want him to shut up. i say be a disruptor. go ackman. i don't know whether you're right or wrong but i love a good debate. >> how much is this about the fact they're just mad he released the letter to cnbc at the same time he gave it to the board? they just must be so furious he didn't follow protocol. >> exactly. talking about like moving away from the group. and they said it in the statement that is attributed to the current chairman, but again he wants to be disruptive, that's what he's doing. >> if his letter had been agreeing with them, they'd be thanking him. >> making waves is one thing, it's the size of the waves and the forum you choose to unleash them in. this is all about him grabbing headlines.

perhaps it's to take away from the ridiculous lawsuit against george soros. he's done it too loudly, it's a distraction and it shows dysfunction. my life is somewhat boring. i love every minute of this and i plan on looking at it every day. >> but do you love the shares? what do do you this? when ackerman did this, the shares fell. he made it sound like such a severe situation. >> i talked to five people whose opinions i trust and every one of them said the fundamentals of this company are awful, the technicals look awful. i want to be contrarian here. i know that's a famous question -- i think perhaps it's a buy here. >> a short-term trade or long-term trade? >> i'm not sure yet. i'm always thinking short term but they morph into long term if things go well. >> if could i take the other side just for a moment.

>> things could get worse? >> he was brown brought in as the interim ceo and he was brought in to stabilize the financials and he's done that. all he can do it move them forward. they do need a new leader that has merchandise experience that understands the customer a little bit better. as far as the financials, they're stronger certainly than they were. they have billions more in loans than they did before and that was key. i don't think can you fault him entirely for what he did. >> we should have all used the free hair cut indicator a year ago. as soon as they started giving away free haircuts, we should have sold jc penney. >> businesses have almost become like six degrees of separation. we're going gg to talk about apple.

apple stock today closing higher almost 3% on reports it will finally unveil its next generation iphone on september 10th. is this what apple needs to regain its edge? on its face it seems like shareholders would love this. we keep hearing there haven't been new products. nothing new, nothing great lately. so a new phone, is that going to do it? >> that's part of it. people are used to buying product. i also think it's regulations on samsung making people feel good about apple. i am long apple and have been for months. apple was way overvalued at 700 and now under valued at 400. it c technically today it looked strong, too. >> don? >> i'm sorry, bringing the

iphone 5 out didn't do anything completely great for apple. apple came from nowhere to being one of the largest market cap companies in the world because steve jobs kept reinventing whole industries. they did not get that way by going from the iphone 4, to the 5, to the 6, to the 7. that's just the way all the other old tech giants have gradually become obsolete and gone bankrupt. they need to keep revolutionizing industries. that's just one problem, they don't have steve jobs anymore. folks, if we're down to just worrying about whether it's iphone 5 or 5.1, forget about it. to hell with apple. >> speaking of which, blackberry closed higher 10% but not because they announced a new product. because they announced they are exploring strategic alternatives

which could include possible joint venture partnership or sale of the company. this is wall street vernacular. when you're looking for strategic alternatives, it usually means you're for sale, right? >> it means you're looking for a bamboo sword to disembowel yourself. blackberry is another corpse. they were a great innovate eor they just couldn't stay at the leading edge. get off the stage, push up daisies, get over it. >> could you have bought general motors so long ago and it's still here. >> let's have the obama administration bail out blackberry. that's the answer! >> the point i'm making

technology moves so fast and furious. >> blackberry, like don said, they were the innovator. perhaps we're talking about kwhau said of apple, just it happened ten years before maybe but there there are people who buy blackberry thinking it's a potential takeover and every time that heats up -- >> i want people to see the screen. blackberry has 3% market share? i still remember the moment i got my first blackberry and i thought i can leave my desk at the end of the day, this thing is so phenomenal. now, poof, it's gone. >> remember when you got your first blackberry, you sold your palm pilot. >> at the end of the day people saw what google did and a lot of people made a lot of money and

people hold out hope it will happen. it's probably false hope but in the short term we might see a little pop in the stock. >> thank you so much. now, why is there a spike in the number of americans renouncing their u.s. citizenship? politics? nsa? no. taxes. we have that story next. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do.

we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. the last thing i want is to feel like someone is giving me a sales pitch, especially when it comes to my investments. you want a broker you can trust. a lot of guys at the other firms seemed more focused on selling than their clients. that's why i stopped working at my old brokerage and became a financial consultant with charles schwab. avo: what kind of financial consultant are you looking for? talk to us today.

a new report from the irs show as record number of americans are giving up u.s.

citizenship as they face new tax rules on offshore investments. more than 1,000 renounced their citizenship. jimmy, good to see you. explain this to me. there's some new regulation that has suddenly raised taxes on people who are earning money overseas, correct? >> right the 2010 law which will require a lot more transparency from foreign financial institutions -- the bottom line, it will make it a lot harder for people to execute their tax strategies, hide income overseas. so their tax strategies will be tougher to execute. with taxes going up in the united states, there's more of an incentive to shelter that income. one way to potentially do it is leave the country or get rid of their u.s. citizenship.

>> is that primarily what we're seeing here? i read there are people living overseas but then they have to pay income back here. does that make sense or do i misunderstand that? >> there's a huge regulatory burden, a lot more paperwork. we're making it very difficult for people who are working overseas and remain u.s. citizens. there's one thing and that is the mobility of capital, financial capital or human capital and right now i think we have a dysfunctional government so we're making it tougher on people to leave but they're going to do it anyway because they don't want the taxes. >> listen, you aknow how i feel about taxes. has if gotten to the point where people would give up rule of law

in the united states, a justice system that's par better than anywhere else in the world as far as i'm concerned, security as far as us having a far more free market system than nip where else in the world? it's a tough trade-off to make. i don't know. are taxes so high? >> a lot of liberal economists will tell that you tax rates could go up to 70, 80, 9 % and this is actually researched from some little economist, some who get a great hearing with the baum administration. if you look at actual behavior, we are at those levels. same thing with great britain. they raised top rates and they lost money. >> i was making a joke. it wonasn't very funny. where are they going? >> where are the people going? >> mm-hmm. >> you can get a very nice tax

rate in hong kong, nice and low and flat. >> a lot in asia? >> a lot in asia. jimmy rogers going to asia, going to singapore. that's where the action is and that's where the loaf tax ratw are. >> when you do that, you can't come back. there are so many things you give up. you give up so much. >> absolutely. you can't say i want to be an american again and come on back. tax experts warn their clients you should view this as one-way ticket and they do it and in greater numbers. >> i think it's really sad. thank you so much, jimmy. it's something that makes me very, very sad for people to give up their american citizenship. when somebody was born in this country, it's even sadder. when -- >> i wouldn't leave america no matter what the tax rate. >> i think you're right about that.

thanks, jimmy. that's it for tonight's show. thanks so much for watching. larry is off all week. i'll be joining us most of the week. remember, free markets are the best path to prosperity in the united states. we've proven that. we'll see you tomorrow night.

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