just over two months before election day. seemingly no hope for the no holds barred presidential rhetoric that has become standard practice for the obama campaign. >> unchain wall street. they will put you all back in chains. >> she passed away in 22 days. i do not think that mitt romney realizes what he has done to anyone. >> the word is out that he has not paid any taxes. let him prove that he has paid

taxes. because he has not. lou: could this campaign have far-reaching effects be on november? of congress republicans and democrats failed to come to an agreement, americans will see $7 trillion worth of spending cuts and tax increases go into effect at the beginning of the new year. we are already seeing an impact and analysis by goldman sachs finding company executives are postponing their decisions, such as hiring and plant building until they could get some clarity from washington. potentially higher taxes and other policies. uncertainty that the country cannot afford. we are already mired in the greatest economic recovery since the great depression. our problems go beyond 8.3% unemployment rate. the obama recovery has given us the weakest economic growth and consumer spending since world war ii. only one as job growth is lowerc

>> my next guest says that salling off the so-called fiscae cliff will not only raise taxes on every single taxpayer, it will also put millions of lower middle-class households who area not currently paying taxes back on the tax rolls, at a rate of 15%. it also is said that lead to a 6% drop in gdp. increasing. unemployment by 2%, resulting in 2 million more peoplea unemployed. that doesn't sound like much of a good idea. no matter what is said in washington, does that? joining us now is the man making thatsa forecast. doug director douglas holtz-eain. these are dramatic, -- i can't- say it any other way. this is scary stuff. to even think that anyone would make a move, a policy decision

that would lead to any one oft these consequences.equ it seems like sheer madness. >> it is the legacy of not doini business in the past. now we have congress at the endn of the year, and this is a big hit. $400 billion of tax increases, $200 billion of spending cuts. $600 billion total. that is 4% of gdp at a time wheo we are only pgrowing at 2% at best. be you don't have to be an the noti economist toon figure out thaths this is a bad idea.sh the notion that this should be u political lever tot get one pary to do something is really glaying with americans jobs.plan it is hard to defend that as an act of fairness.u: as you lou: as you may have noted, i have taken to calling it demageddon instead ofcomftable n

taxmageddon. ree democrats are quite comfortable sending us into recession,se creating theseuseto consequences if republicans refuse to raise taxes ons an w wealthy.iscussio this is preposterous that wewhai would have the discussion, let alone the results. what will it take to avoidu making this horrible outlook be? provided? >> it is not going to require action's absence. it is a slow. we will feel it in january. it will take longer. that is exactly backwards. we will have investors looking i at 15 to 45%. hey ar stey will get nervous and start shuffling theirar portfolios. it will hurt economic conferenc confidence. the ceo said this will slow growth and a lot of areas.t half a percentage point. we will certainly start payeing for the fiscal cliff now. making it worse makes nors sense

at all. lou: the idea, but the democratic leadership would take ownership and embrace it, it is truly demageddon. the idea that they were going t the polls in ownership of this book, putting this nation in jeopardy and millions of people in tragedy. it's preposterous. >> with the pieces of this. if the bush tax cuts are raised to and the 10% bracket goes away,t that hurts lower income the ma , ayicans. every couple in america, they don't fix the alternativeto minimum tax in the processfork f focus on holtz-eain got a lot of money. that doesn't seem like a wise thing to do either politically or economically. lou: thank you for being withjou

us. c douglas holtz-eain.ouse joining us is trey gowdy. a member of the house oversight and judiciary committee. congressman, good to have you withus us.t to b we have a lot to talk about, but i'd like to begin with senator feinstein's declaration that thr white house ranks are responsible for at least part of the leaked unclassified the firt information. >> of course they are.speculate. she was right the first time the when she speculated who has the motive to look like john wayne or months before an election. who has access to theit information? i don't, you don't, with respea to who is going to conduct therf investigation, people have to have confidence those close to.

eric holder are investigating the white house for months before an election. do the right thing. let us have confidence in the resultap of process and appoint special counsel. >> you are in full agreementin with governor romney in putting forward an independent prosecutor, a special counsel, if you prefer. >> and lots of other quotes. lamont smith, senator mccain. others who value not just the s results, but national securityft lives on the line, assets of aoe

compromised. feinstein said she speculated wh that the president had nothing to do with it, which strikes me as speculation as well. that is why you have to send put them under penalty of oath and get to the bottom of it. it should be the most important thing they are doing.ative in te lou: interestingly, there is nothing speculative and way in which senator feinstein made he. it declaration that the white house is the source of some of those leaks. it was her characterization in her own words as speculation a that personally i found interesting a day later. invest let's turn to anotherversig investigation. that of the two committees that use it on. the oversight, as well asis atto judiciary, are investigating fast and furious and this attorney18 general. ins eighteen months, inspector general and justice department e

doesn't sing a report anytime soon. holding the attorney general in? civil and criminal contempt. what should we expect? >> well, just noting the ironyar that you and i had ait known conversation about national c't security secrets that are known in public, yet we can't get access to documents and "fast and furious." i will tell you this. i don't think you and i have had a chance to talk about thisr since i met with the inspector e general. insctor representative kasich and i metd with the inspector general last week. i am not violating any confidence when i tell you what he told us, which is it will be weeks and not months. he is well aware that our patience is running out. he is well aware this is taking 18 months and it should notit'ss have. it was confirmed a couple ofackd months ago that it is his number one priority. and has a background as a criminal prosecutor.

had kasich and i spent about 45 minutes with him. no i suspect we will have it before -- well, he said with weeks and not months. that tells me before september 1. lou: i saw you hit those breaks with the prudence given to both the prosecutor which was her previous advocation. let's turn to the mexican government. they are not satisfied on the responsibility and the persons who should be heldso accountable for "operation fast and furious" and and the murder of hundreds of citizens, at least 200 under "operation fast and furious." and made the brian terryse famiy standing no closer to resolution.reonsible in as to who is directly responsible in our government for what happened. th to agent brian terry. this is a tough situation., a i

and it is, if i may instruct it this way, it sounds if i listen to you, that we are all, including your committees unitel states congress, dependent upon the specter general or the real answer is as to what happened under "operation fast and furious." >> well, that is partially correct. we are waiting on the inspector general. he had access to the full documents way more than what we had access to. >> 140,000 documents? >> more than that actually. i am not going to prejudge his work product.n mind he asked us to keep an open mind. keep in mind that the speaker of the house has also said that his office has communicated to me before july is over, we willcivi have filedl our civil pleading, so we will go to court on theveu executive privilege. there are two avenues of accesse to information that we have at our disposal.ith two arrows in the quiver, so too speak. i metme with somebody who wasy e

friends with brian terry's family yesterday. going anywhere. the fact that there may be a t week or twoa without you and i talking about it, i'm not goingn to let it rest until is. canhat. answer your questions. lou: we appreciate that. good for you, congressman. the service you are providing the people is greatly appreciated. congressman trey gowdy. president obama has finally decided that he supports gaye marriage. folks in the black community are not happy about that. >> the homosexual community as the president bowing to thea d money as judas did with jesus christ. it is a disgrace and we are dow. shamed. we will not back down. the. lou: a coalition of black pastors led by reverend bill gens, critical of his support

lou: our next guest, presidentrd obama's support of gay marriagem is being compared to judas betraying christ. saying the president obama was bowing down to raise money. alle the pastor is now urging blackit voters all across the country to withhold their support from bi. obama unless he ochanges h position. goo joining us now is bill owens.

reverend, good to have you with us. steg this is stern and strong stuff. what has beenat the reaction to your demand, your criticisms of the president? >> first of all, the president has not replied at all, and the criticism, believe it or not, has been very low. the mail that we get on our website. we have a petition of 100,000age signatures, for marriage.com, that is 100,000 signatures, for marriage.com. lou: par for the course and these are hardly charge and 10 highly charged times. why the timing now, because he

made his position clear. why now? >> he made his position cleargam when he supported gay marriage.d right away, that day, we started having a news conference. saying that we disagree andd a that mto meet with him. let me tell you, asking to meets with him was record nerds. we did the same thing withent be t esident bush.presiden president bush responded and we developed a good relationship with mr. bush. this president has ignored us altogether.amehing we needed an attempted the samew thing them accountable. we have a great relationship with his office. all we ask the president to do was dialogue with us, and the results would have been totally different. we would have taken a different path, but he did not respect us enough to even replied.

to this day he has not responded. lou: that is surprising. what is a next step. what are you going to do now? >> unless he does answer and give us an audience we are going to turn up the heat. going across this country, and we don't tell people who to vote for into not to vote for. we don't do that. we don't say, don't vote for the presidents. we make our position known and that the people make up thr mind. we are not politicians. as the president of the united states we feel that he should have given us the respect of responding to us when we asked to meet with him to discuss. lou: we appreciate you being with us. we will talk wit lou:

lou: up next, is america turning into dependency nation? we will take a look at the staggering figures in tonight's "chalk

neil: you've heard me talk a lot about the basic choice in this is it between lou: you have heard me talk about the basic choice in this election. is it between a president who is committed to more spending in government and greater debt in r for the first time, this administration was demonstrating no regard or care for theration crushing burdens of debt that we are leading the next generation and the generation after that. you understand. it is the president last week talked to fire station number one ingoe roanoke, virginia. he defined his campaign. it is all about government and greater dependency. versus government versus freedom, entitlement versus opportunity.

house minority lawyer reinforcel the president's view tohill liporters aa this week.y

246,000 americans. ap almost a quarter of a million folks playing disability from just june. april to june. we disability. in that period of time, how many jobs are created?se 225,000. thpresid they are doing so reluctantly.he wiis president will not call a meeting with his jobs council, for crying out loud. what is going on in our country, and the national liberal media,

not focusing on the economy destroying the cornerstone of the welfare reform of democratic president, bill clinton. last week, the department of health and human services issued regulations that essentially gutted the work requirement as a condition of receiving welfare. all of that apparently against the wishes of the american people. the new poll finds 83% of all americans favor such a work requirement. 83%. the president says he likes, well, big ideas instead. name one big idea he's driven, that he's articulated. he's demonstrating one idea, and registry. the "chalk talk" is next.

the author of chick-fil-a appreciation day takes his politics to go. governor mike huckabee has america eating more chicken. he joins us here next. this chick-fil-a story really has eggs

lou: a young lady working a chick-fil-a drive-through had to go through some seriously horrible comments spewed by an >> a activist we>> do you know why i'a free water? >> i do not. >> because of chick-fil-a is a hateful corporation. >> the corporation is money to hate groups.

i don't believe corporations should be giving money to hate groups. i totally understand. i don't know how you live with yourself and work there. this is a horrible corporation with horrible values. you deserve better. you deserve better. >> i hope you have a really nice day. >> i just did something really good and i feel perfect. i'm a nice guy and i'm totally heterosexual. see where the young lady deserves a raise. i hope she does get that and a great deal more. the men in this video has been identified as adam smith, it turns out that he works for vonte inc.

the company was not amused by his olene of rachel and his general display of ignorance. smith has been fired by vonte. the company saying that if employees need to be behaving in a manner commensurate with their position. he was a former officer of the company. vonte is a privately owned company, by the way and they can be thanked for their decision. and if you would like to applaud their decision to remove mr. smith and insist upon a code of conduct for the officers, you can reach them at info at vonte.com. it occurred on chick-fil-a appreciation day. it has been organized by our next guest, who is joining us. governor of arkansas, 2008 republican presidential candidate, mike huckabee,

chick-fil-a customer for 35 years. the author of "the new york times" best seller, host of fox news channel is "huckabee." good for you, good for chick-fil-a for following the sense of their council. >> they did not promote it. this was a spontaneous grassroots effort. it was i mentioned it on my fox news show. it went viral. it had over 21 million views on my facebook page. lou: just 21 million? [applause] >> we could save a lot of ways. lou: is more folks have the agination and creativity to take on an issue like this are mecca didn't want it to be an

angry protest. i'm not against gays or people period. i want them to have their point of view expressed. i want them to be tolerant with dan cathy and his view. it is really the same position that barack obama had until may of this year when he needed the votes from the gay community. lou: his little buddy, rahm emanuel, the mayor of chicago. coming out wiih the sanctimonious silly nonsense and saying that we are not -- chick-fil-a does it represent the values of chicago. >> i hope not. lou: it is the murder capital of america. this mayor who said that he would reduce murder in his city, as he refers to as his city -- i love that. it is up 30%. >> the real irony, the time he spent saying that chick-fil-a did not represent chicago values

-- and by the way, same-sex marriage is against the law in his city. the very day he is doing now, he has a public event with louis kirkham, who has made some of the most vitriolic statements about gay people and gay marriage are more so than anyone dan cathy had offended, and a very anti-semitic woman. this is amazing that he did not ask for him to lead chicago. lou: it's interesting that he does this and it's interesting that the reason that he says he is dealing with an anti-somatic, awful, person because he wants to reduce the murder rate in chicago this is what passes for leadership right now in chicago. i have to tell you, we are so proud of you, governor.

chick-fil-a. when we talk about values, values of this operation, they are terrific, they operate according to their religious beliefs and precepts, and a few other folks in chicago might try it. i'm not being really christian, my? >> welcome i think we have a right to be. to use your governor government position, i was governor for 2.5 years. it never occurred to me. i could express an opinion but i cannot use the power of my office to try to stop commerce in that state because someone in a particular business had a point of view that i didn agree with. lou: we had a discussion last night. i don't care if you are a republican, democrat, liberal, or conservative. when people start talking about boycotts on principle -- this is a public arena. we want people engaged and to embrace everybody's expression so that we know what we are talking about. it is what the country is founded on. >> america ought to be big enough for people like dan cathy

to have a point of view. his restaurants do not terminate customers or employees. that is the only thing the mayor should be concerned about. lou: and also jobs. >> the president's executive the upper young american immigrants. nearly 2 million people expected lineup to line up for placing american society. we will take that up

long lines of illegal imgrants appearing across the country today in health centers, vying ates, and attorney offices lou: long lines of illegal immigrants appear across the country today at attorney's offices to get the golden ticket ofac deferred action of d deportation the first day ofcy n the immigration servicejoinus

agency it began accepting permits worker permits. immig and executive director, faq th gentlemen. this is an important milestone. president has done ad not without a little help and support from you and your organization? >> well, thank you, lou. i think that today was really a historic moment for america. we've seen just today alone tens of thousands of young people who are american in every single way except for a piece of paper who is take a small step forward in the temporary measure that obama administration provided. lou: you feel good? >> we're feeling very good for the country today. lou: you sounded like you wanted an argument about what the president has done. >> i was ready. lou: well, i guess all of us

have been conditioned a bit to the battle, and the combat on the issue. your reaction watching this unfold? >> it's historic, but incomplete. the congress needs to act. the president cannot enforce the law or selectively do things without the congress having the authority that it is supposed to exercise come to the table and come to fruition. it's an incomplete action in the sense that the worker permits are just that. they are temporary. they do not solve the immigration process going forward. lou: you say he cannot, but he has. how do you -- >> he shouldn't, but he has. lou: he should not. i can agree with that language. the reality is here that we have a process now underway that the head of the citizenship and immigration agency says will

take months and months saying at least now six months to process these applications which, you know, it's going to be just a few months. now we've got a backlog of about five years for that agency, and i mean, this is, i mean, if you say it's historic, but it's also a, perhaps, an absolute mess in the making, is it not? >> it is a challenge to the organization of u.s. citizenship immigration services, but two things here, that backlog shung to it takes less to go from filing the naturalization to the oath of citizenship. there's a taking of the test and oath, ect., in between. the six month process between now, deferred action request, and a decision is good because it shows they are diligent,

making sure people fill out the paperwork correctly. lou: as the saying goes, you know, you are terrific, but the fact is, we have 5 million people in the backlog who are in line illegally getting jumped right now, and you know it, i know it, and i don't see any point in qubling about it. the fact is the president ordered it. it is his priority. it is going forward. there's no way to suggest it's not moving them ahead. it's an agency with 18,000 employees and potentially 2 million applicants here. that's quite a run. >> but that's why the director threw the $465 per application to staff up individuals requesting deferred action. therefore, the people applying for citizenship going through the process, they are not losing any time. he's created a separate line completely, a line that's never existed. lou: a line that's never existed? are you satisfied that immigration attorneys and other

outsourcing of the responsibility of the federal government here is a wise, practical, and smart thing to do given the -- let's say the potentially controversial aspects of this order? >> well, you want to see efficiency. the last time there was a shift in power -- lou: wait a minute, wait a minute, this is the federal government. let's not start with first -- efficiency. >> you want to see something work. last time there was a big shift when u.s. citizens traveling legally, of course, to mexico or canada were required to have passports, 2006-2007, there was a massive backlog, but there was a tapering off of individuals from the federal government and state department to get things done and through. i think you'll see that bottleneck up in the front, but overtime, it's becoming more efficient, i would argue. i still think that when you talk

about a dually created line that didn't exist before, you have to have a proper line, and you have individuals outside the country waiting their turn, separated families, trying to follow the law, and they should be given first priority, i would argue. that's not to say this is an illegitimate line, but just one that really, quite frankly, should be worked on in a bipartisan way, and one where congress provides authorization. lou: yeah, and the reality here is that the president has not even mentioned this his historiy that both of you reference. how is it historic in the opinion of both of you and the president who ordered the historic day hasn't chosen to even acknowledge its existence on the campaign trail or in the white house? >> well, i don't know, lou, if he mentioned it today, would you accuse him of playing politics? lou: no, no. >> well, the policy -- lou: the politics have already

been played, wouldn't you agree? >> it's a smart policy, broad support from republicans and democrats, and frankly, it's the implementation. the president appoints good people to do good implementation. lou: we can see the effects of that after throwing up policies across the federal government. last word here. you know, the fact is this looks like another game played to a lot of critics of the president and the previous president who wanted to create, quote-on-quote, comprehensive immigration form. looks like amnesty by fiat or estimated 2 million people. >> let me say this. for those of us that want to see a sensible reform of immigration laws the way you and i do, you have to say, yes, this is political. when a group of republican senators, rubio among them, and senators from other states like senator hutchenson trying to put forth proposals, they said no because of the second class

citizenship, yet applauding this action, temporary in nature, two years down the road will be canceled, renewed, or amended, and i would argue this is a false hope in a sense. it is a temporary step, a good step in the absence of nothing, but it's incomplete and congress needs to act with the american people at their heart and in the best interest of what's in the good nation of the united states of america. lou: last word. thank you ly moved higher. so forget socialism. an explosive new book charges that president obama is no socialist. to one ofe

the president's lesser-known in radical policies that he espouses and with which he littered the present. joining me now, executive director of the center for values. the author of the new york times best selling book, the communist. frank marshall davis, the untold story of barack obama's mentor. the book, by the way, i want to congratulate you, debuting on number nine on the new york times best selling last. that is terrific. i want to read turn to frank marshall davis. the president does refer to his mentor in his book. yet you say that no one has really examined before you do in some considerable detail in this book just to he was and what role he played in the

president's devolution, if you will. >> that's right. the president refers to frank marshall davis 22 times in his memoirs. although, never one time of all those 22 mensa's to see give his full name. he refers to him only as frank. at think that is because he knew just how radical this association was. i mean, he knew that the gap played a very strong influence in his life. clearly, i believe, a mature relationship, but he also knew that this was a man. everyone knew that frank marshall davis was a well-known communist. he had been called to washington in december 1956 before the senate judiciary committee which was run by democrats. this guy was not pursued by joe mccarthy. he was pursued by cold war democrats, the very ones that he targeted. he testified, led the fifth

amendment. next year, 1957, the democratic senate put out a report with a very revealing title, scope of soviet activity in the yen states. there they elyssa davis as an ad in the five member of the communist party. he was also listed for a considerable time. he was followed from 1940's through the 1960's by the fbi. federal government actually placed frank marshall davis on the security index which meant that if war broke out between the united states and the soviet union he could be placed under immediate arrest. lou: before i turn to some of the policy issues and some of the tenants of president obama's political philosophy, i would like to go back to it stanley drum and his interaction of frank marshall davis to barack obama. how did that occur? >> striking.

it took place in 1970. obama at that point would have been nine years old. the grandfather, stanley dump, is looking for a black male role model, father figure to mentor his grandson because the father, at that point, barack obama's father was out of the picture. of all people that he would pick , you or i if we were to pick a mentor for a son or grandson we might pick a boy scout troop leader or little league coach, football coach. i don't think we would take an actual liberal, and i mean liberal, no exaggeration, card-carrying member of communist party usa to grow pro-soviet cup propaganda and communist party publications. lou: clearly establish the relationship between young obama, how long that's relationship lasted? >> it lasted throughout the 1970's. obama countries for my father, talks about the parting advice that he got before leaving to go to college from frank

marshall davis. and that, which obama quotes at length, the parting advice from frank marshall davis is a diatribe about the american way and all that. he uses a curse word. and i found, lou, in articles that davis was writing for the chicago start, which was the communist party publication in chicago, not only a weekly columnist, but he was a founding editor in chief. i found articles where davis was just blasting, not just harry truman, not just once in churchill, but lasting the american way. lou: let me turn to their relationship. david axelrod the, you talk about their ties as well. it is interesting, t circle of influence that you drop. i would like to go into it much longer, but it was a fascinating book. >> thank you. lou: you know, the book is

called the communist, frank marshall davis, barack obama's mentor. you can go to our website, click on that and i

lou: mj says, hey, lou, iso thought theyme hated