when you return from holiday6 tt weekend, the national debt will be above $16 trillion. take a look at that. your share is nearly 51,000.pep. don't forget to record our show. melissa: senator obama will accept his party's and nomination in 2008. enormous greek columns flanked the stage.

polls show that democratic voters are not as tired of this time around. a recent gallup poll showing 39% of democrats, more enthusiastic about voting compared to 51% of republicans who say that they are. that is not the only problem plaguing the dnc convention. high-profile democrats encouraging members of congress to skip the three-day convention to stay home and campaign in their districts. there is also the question of whether former president clinton will upstage president obama. clinton, as a primetime speaking spot on wednesday, taking the stage one night for president obama. having a former president there could backfire. by reminding voters of the sharp contrast between the two presidents. clinton oversaw a boom economy in the 1990s. this president is overseeing 42 straight months of unemployment above 8%. the worst economic recovery since the great depression.

as a result, president obama is in a dead heat with governor romney with just over two monthm before election day.r nex our next guest says the democrats have long had an edge on the issue of medicare. republicans cowered in fear. ro, joining us now is karl rove, former deputy chief of staff, senior adviser to george w. bush. fox news contributor it is great to have you with us. a drop in and pop in impromptu press conference. is this the president -- justhe acknowledging the reality that he was getting hammered on the fact that he was tough but not tough enough to take on the questions of the press corps?crr >> i have been criticized for not showing up, so i will show up and take questions and blow out of there in 20 minutes. look ont the white house pressng core seems to be suffer fromrem?

stockholm syndrome.o, would you like to denounce the republican candidate in missouri for being an extremist? how's that for an openingn openg question? how many months have you failedo to answer the question to white, house press corps? a cbs reporter was, i have towe admit, tough. nobody followed up. the president says the we have never called mitt romney a felon. despite the fact that it was not only stephanie cutter, as was, noted, but bob bauer, who is the former white house counsel andls the counsel to the obama reelection campaign, also repeated the charges less than five weeks ago.ot a srt does the president have a shortw memory or for the sake of him saying it, we believe it. who are you going to believe, me or your years? melissa: the preamble to the question was, i thought, i enjoh tremendously, thank you for being here, mr. president. thisr turn into this race, we are

looking again at two points and whatever poor you are looking at. ehis thing is just as tight asar it can be. are we seeing a signfiificant shift in momentum, a lot of ballyhoo and is there an impacte in a clear path to the white house for governor romney? remark yes, that is my view. first of all, as a republican who has engaged on the issue ofn medicare early rather than waitc what happens is in the closing moments of the campaign, the democratsse send mailers tocalls seniors and make late-night phone callers, scare them over,a medicare, and now we are having an honest debate aboutvi it. the american people understand programs like social security and medicare are going bankrupt. oing od to do something to save them.ut conc the republicans are laying out e concrete plan and engaging us as an element of the democrats cang use at the end. ng the republicans a have beenn

gaining eight under after thes e election and the democrats great president obama's problems is that -- they don't leave helpinn the economy. a recent pollt said 46% said hit policies will never improve the economy. that is pretty harsh.ea when nearly one every two -- two thirds say his policy have notr helped to date or have hurt the economy. that is pretty tough if you're the incumbent needs to bey's pra dealing with those kinds of numbers. romney's problems are the people don't know as much d about thems they do about the president.oulv lou: i would love to hear your explanation as to why it is that this president and his approval numbers -- his head-to-head nums numbers here with governor romney don't seem to budge thats much, despite what you say aredo calamitous numbers in any other context, it seems. >> remember two things.his at this time, the middle ofimmy

august, in 1984, jimmy carter was a hit away. remember the process.be people basically have chosen a e side who are willing to choose a side today. everyone also sort of floating out f there.th eight, 10, 12, 14% are undecided are up for grabs. in what they are doing is absorbins information. sometime this fall, they will ct say that i need to make a eccision and i am ready. d maybe after the convention or during the debate, but at some point, they're going to make aoe decision and fall into the campt but you know what, lou, there in one other number.at you a sign of the momentum that you referred to earlier. the republicans announced that they have $186 million cash on hand at the end of july. the democrats waited until today, the legal deadline to announce that they had $124 million cash on hand d between the dnc and obama. hand republicans have aat the endf a

62 million-dollar cash on hand advantage. remember this. at the end of april, the democrats were up by 95 millionb at the end of may, up by 61 million. at the end of june, up a by 23 million. obama won in 2008 in large partu because he spent farse more mond than john inmccain did. they hope to take that spending advantage and turn it to their advantage in the fall. this time around. again, they have spent too much and raisedd two little, despitey the fundraisers. at the end of july, they fell precisely behind ryan-romney ticket.lou: tnk you lou: karl, thank you very much.n those are fascinating numbers. we appreciate it, as always, your insight. >> our next guest says the president wants a smaller,pooree poorer america in the name of global fairness. joining us now is best-selling author, dinesh d'souza, whose brand-new book just released,mei

obama's america unmaking the bu american dream he is also thexee cowriter and director of the newly released movie, "2016:obama's america." on april per theater basis, it's in the top 10. >> it's a documentary film, but it has new information about wh has a hunger for obama out there. lou: can be neatly in your neww book from you examine what theet reelected president obamaed wouo do and what america would look like.talk you talk about the founding fathers, harvard law professor roberta ungar.essor robert explain his influence and the likely impact. >> obama was obsessed with his father. his own father. barack obama, senior. w but baraack obama senior was an

absentee father. throughout his life, obama went to look for surrogate fathers and founding fathers. andok he learned chapter and vee of what he took to be a father'a ideology from those guys. we know about some of those a communist likenist, frank marshall davis in hawaii. we know aboutha jeremiah -- jeremiah wright. and we know about a brazilian socialist. has written about brazil, ba sayit's a china, and russia commenting upon the united states. that he says with a bad idea for america to be number one, he calls that american hegemony. he says it's time to end it. the he wmants the world to come together and pull america down.a and. lou: why is such a maner. tolerated? i mean, what is the point? what does he bring the students at harvard university. what kind of madness is that?ur lou: it's like the fools who

thought the euro would replace the dollar and there were these wonderfully sophisticated transatlantic geniuses who said the dollar stays were done.he d haven't we had enough of that nonsense like. >> this guy is not only tolerated, he is celebrated. the two of them, they maintaine a close relationship.town when the campaign came around, this guy skipped town and client interviews and said i'm ady cant leftist and revolutionary. if anybody connects me with barack obama, it's going to hurt president obama. lou: a harvard cynic and a cocoon that protects thiskind ot represented insight intoure. something terrible. >> you areou right.oble when a guy who's sitting in the positi oval office is actually in a ids position to enforce that and use these ideas to strengthen america's role in the world's. lou: you talk about the united states of islam.

tell everyone what you mean when those chilling words are expressed in there are three>> a important countries in the 1iddlere east. there is egypt and iran andha saudi arabia. since 1979, ron hans been in the hands of the muslims. brotheis now on its way with the muslim brotherhood coming tothe. power there. arabia. tft is saudi can you imagine obama in a sau second term, of demanding thatt the saudi royal family puts aga itself up for rtheelection agait the muslim brotherhood. who would win? i think the muslim brotherhood would win. happen? what would you would have the three most important tripod, if you will, is long, all in the hands of the th i radical muslims.t they have they always wanted to bring the full middle east into a single orbit. a single caliphate, if you will. one guy calls up united states w of islam. lou: applying to both sunni and

shia? >> they would have to work that out. here in the united states we had ha a c a civil war, but we workedght he things out and fought our wayr through it. but the creators of the global power -- that's a big dream.m. lou: dinesh d'souza, it's a big book and we are delighted.'sou as i said already, the top 10 on amazon.op the very top of "the new yorkyo times" bestseller. the book is "obama's america: unmaking the american dream." be sure to check the movie "2016: obama's america." congratulations on the release. thank you, dinesh d'souza. to 2o deportation.migrants lng t up to 2 million young illegalof immigrants looking to avoid deportation. kansas secretary of state krisfj kobach had a few objections to the president's immigration

policy

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now, that's progressive! call or click today. no mas pantalones! lou: u.s. commission of rights targeted illegal immigration. our next guest appeared beforet the panel in birmingham. he argued that the state's law is not discriminatory and he pointed out that it has helpedhl reduce unemployment in the state. joining us is kris kobach, but kansas secretary of state, co-author of numerous anti-illegal immigration state laws, including that of alabama. great to have you here. how would you characterize the

accomplishment and conclusion of today's meeting? >> it is a pretty dramatic anda. positive outlook for the state of alabama. in the nine months after the law was signed into law,fter theilli unemployment in alabama went from 9.3% to 7.5%, dropping almost two full points,s. meanwhile from the full u.s.whi economy come if you look at then nation as a whonole, only droppd to 0.7%. alama i it is one of the states that har lower than average unemploymente it encourages illegal aliens to leave the state. u.s. citizens came foraward. many alabamians came off it has been a real success story. interestingly, some of the opponents of immigration enforcement tried to protest.imt the facts are powerful. -ou: how could they possiblyhan-

change, you know, the testimony before the commission?in a >> they were trying to shout that some of the speakers and interrupt the proceedings.wi especially when you deal with issues like illegal immigration. lou: have we also seen a commensurate decline in welfare at the state level and federal level, jobless claims, what has been the impact their? >> we have seen a decline in joes jobless claims in states thato have very vigorously tried to tf reinforce the rule of law. terms of other welfare ngograms, we should be seen thai because part of these laws, both in arizona and alabama, and a dozen states, says no more taxpayer benefits to illegal

aliens. it is a little harder to measure those decreases and figure out how much of the decrease indecra welfare outflow is due to fewer illegal aliens in the state. >> the justice department making clear that the state of alabama was concerned about illegal immigrants and children of illegal immigrants in public schools there.ants. what has been impact there as well? >> well, contrary to the claims of some of>> s the people in the open borders crowd that somehow this was, you know, it would shut down the school systems would be denying the people the alabama right to an education, alabama has been collecting statistics and getting a better draft on how much of taxpayer dollars are going to finance illegal immigration. lou: you also appeared before the court of appeals trying to t resurrect the hazleton 2006 you . when will we have the verdict on

that? >> i would expect sometime inro the next 12 to 15 months. lou: can i ask you a question? >> go ahead, sir to you are anre attorney and a student of law as well as a practitioner and excesportation are. why should american citizens puy up with courts taking that long to rule on anything, short of let'sp say, you know, rocket surgery? >> i mean, this is not to well, i have to be careful. lou: it is disgusting what wewh are watching. i'm talking about whether it is a criminal trial, civil trial, and this country is walking along. it is no problem for a civil trial to last five years. a criminal trial two or three

years. the madness of it all ise overwhelming. business, the economy, our society, it is instructive, and no one has the guts to talk about it. >> i think that some do.o. in order to be fair, some of ouu her works are really overloaded. some of the circuits --t to be . lou: i want to be fair, i want to be right, and i want to knowh where that court is because iat want to hold it up as a model for the country.coury. because frankly, kris, i could not pointed out we might youyout know, there are a few circuits like the fourth circuit. >> okay it sounds to me like you must do a lot of practice withcc the fourth circuit we met their nickname is the rocket docket. lou: a hyperbole of names for fourth circuit. thank you, we appreciate it. >> up next, government workersrf and union bosses living high ont

the private sector's money.straw the private sector struggling. this administration want to do something about it. meanwhile, taking a look at the shocking numbers for you. to do! in tonight's "chalk talk." a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of, you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who matter most. i love you grandpa! i love you grandma!

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lou: a new book has shot to the top of the bestseller list. democratic party leaders are not too thrilled about this book. that is because there are 8.3 million government workers in the country. 8.3 million of them. that is a lot of folks. and they make more money and work less than the private sector workers. a plain statement of fact. you and die, taxpayers, all of

us are paying for the time that they spend. we are paying for the time that they spend working on union related matters. that is called release time. release time. it amounts to, amazingly, 23 million man-hours and it is effectively a taxpayer union to the tune of $1 billion. $1 billion a year. really? released a taxpayer money. it is incredible. this will please you, too. nearly half a million, half a million federal employees. that is one in five employees are also compensated.

let's make that one in five. one in five federal workers. that makes in excess of $100,000 each year. they received up to 2.5 months time off. each year. being a public employee union boss is really -- well, it is really the pinnacle of it all. the union bosses make on average 10 times what their members

make. the president of the american federation of state, county and municipal employees union -- the union union makes just $535,000 per year. $555,000 per year. president of the national education association, the nea, the american federation of teachers, we will call it that, they are in for 400 grand per year. and the teachers unions, by the way, teachers unions overall collect more than -- i'm just going to use this, teachers unions collect $2 billion in

dues each year. think about that. $2 billionn dues. that money is going to liberal politicians, for example, president obama, his signature health care law designed to unionize says that this new book, 21 million health care workers. 21 million health care workers. is it starting to come together for everybody? are we starting to see this web of interesting direction and why? because for every million of these workers, unionized in the 27 non-right to work states, the unions stand to earn a billion dollars in dues.

do you get the feeling that there is little at stake here when we talk about obamacare, health care health care workers, and unionizing as many as 21 million health care workers? well, if you are trying to catch her breath after taking a look at these numbers, get ready to meet the author of the new book "shadowbosses: how government empoyee unions control america." mallory factor is the author. but first, we want to explain the numbers at the bottom of the chalkboard. 28% is the percentage of latinos, 28% of latinos who say that they will back governor romney in the new wall street journal nbc poll. 28%. the republicans, by the way, are looking for 38%. voters. our liberal teachers unions and

indoctrinating our youth? guess who reallyuns our public schools? schools? we will be talking about public. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. ♪ i can do anything ♪ i can do anything today ♪ i cano anywhere ♪ i can go anywhere today ♪ la la lla la la la

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t lou: in tonight's "chalk talk", we laid out our american taxpayers are financing unionsdt and how the present health carea law is in the judgment of our next guest, an effort to unionize 21 million health care workers.yor mallory factor.unning with all of these and many more stunning packets of information that he has put together and has written eight brilliant new boo nmok, "shadowbosses", governmenr unions controlling america andr, robbing taxpayers blind. gray tabby with us. >> it is great to talk to you. what a great "chalk talk." matid

lou: we have a lot more for you to cover we are going to turn first step the very idea that this is a significant part of the true obama agenda. >> this is the real agenda. the real agenda are the unions to our government employee unions. he wants to unionize health care. the only have about amelya that health care workers unionized. as government starts paying more and more to our health care services they will start unionizing them. already ten states have unionized out of independent contractors. you will see nurses, doctors. remember as you so well pointed out, every million members is a billion dollars in dues. lou: a stunning number. >> stunning. lou: what unions tend principally to benefit from this effort, this initiative of the obama agenda? >> mci you, service employees international union with the president was part of, an

organizer asked me. by the wake of president obama is really our first union labor president. lou: i guess i had not thought about it that way, not to and pans on the need gingrich food stamp president, but he is a man , certainly a historic figure in so many ways. interestingly there is a lot of history coming into collision. one is the right to work and the unions, the power that time when most people think of unions as being almost relegated to the dustbin of history, under 7 percent, union organized labor in the private sector, my gosh, as you point out in the book december said the public employees are organized. >> they sure are, and 41 percent are under unique control because a fourth collective bargaining.

what has happened is the democratic party figure out that if they start giving money to these politicians the politicians would give money back to them in a never-ending cycle of corruption and greed. lou: this goes back to the 50's and mayor wagner. >> it does. lou: so it all began. but right to work states. how many right to work states? >> we have 23 now. lou: 23, and as you point out, that isn't the whole story of what is going on here. >> no, it isn't. it is a good part of the story because in right to work states you don't have anywhere near the unionism, obviously, that you do in the forced unionism states. but there are only seven states where you are not forced into a collective bargaining. sixteen of those right to work states, when there is a union they cannot foresee to pay them, but they are your sole

representative, so 60 percent more people do pay them. lou: your rights are overwhelmed by the presence of a union in the workplace. and do you think that is going to change? how strong is the right to work movement, and how is this confrontation between what as you point out is rising union power and riches with which to move ahead they're efforts in the private sector as well as the public. >> well, the unions have about $14 billion a year that we can find that this band. it puts politicians to of the other their nests. and what happens is the members have no idea who their actually, the politicians there are supporting, and what they do with their money. it is shocking. lou: very quickly. how much of a role did you think unions are going to play in this presidential election? >> you would not have the democratic party that we have

today is a government employee unions did not have that treasure troves of money. they have a piggyback. also the engine of socialism in our country. the money that they supply to our politicians, that gasoline fed engine. lou: we are going to see what the conclusions are. much luck with the book. congratulations.

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folks here would give a lot to have that. joining me to talk about the chinese economic slowdown and the impact it can have on us, john quelch, member of the china

international business school. >> it is good to be hee. i am delighted that. lou: the economy, 7.6%. awfully robust and very good here. it is disappointing to the chinese on some level, but i would have to think even they are pretty happy with that if that is the right number two there are always statistics. but we think that we are pretty confident between seven and 8%. i think this does represent a little bit more of a slowdown than previously anticipated. the very robust. lou: the idea that china is now well documented and probably reported with attacks against the united states, secretary of state clinton for her comments. nations are contesting them for natural resources. there seems to be a very strong

response and the part of the chinese. was an overreaction? should we expect more? >> i think this is the most important bilateral relationship in the world. this is going to be a time when sniping occurs from one group or another in china, vis-à-vis the u.s. we are in a leadership transition. we are in china as we are in the u.s. inevitably the rhetoric will be raised on both sides. the one thing that i would point out is that over the last several years, the level and frequency of contact between u.s. government and chinese government officials has never been higher. lou: the chinese are really selling their oats in various quarters, not necessarily from the leadership directly. they are getting rather strong in their statements. not rising to bellicosity, but

it is getting to the point of writing it off to new leadership , you are satisfied that's all it is? >> i think inevitably there is an edge to it. you have chinese companies going out of china attempting to acquire stakes or outright ownership and the matter in europe. lou: do think it's very smart of the united states not to counter against that takeover of resources in canada, because that's what it amounts to a. >> i personally think it will go through and i think it is a mistake to counter it. there are obviously certain cases well documented where

chinese companies attempted to . lou: why would that be? >> from a national security point of view were principally concerned. they are concerned with natural resources the. lou: i was told point blank that the chinese were most interested in u.s. high-technology. above all other assets and possibilities. >> right. lou: at the same time, their interest in basic resources is manifested. in congress, it seems that we would not object or insist on some adjustment and responsiveness on their part because they would never permit

the united states or canada to buy a chinese company whatsoever, period. for us to patronize and adopt what is our greatest creditor is sublimely ignorant on our part. and an attitude and a physician that cannot sustain itself. >> there are many u.s. companies that have acquired and to acquire would take significant joint venture partnership stakes in chinese companies. lou: did i say that nixon was a joint venture? when i what i meant to say is they were buying it outright. >> i understand the. lou: as i'm talking about, is the perfect we know, is taking ownership of a company. can they or can they not in china? it sounds like you're questioning my statement. >> know, coca-cola has made an

effort in china. pepsi has made an effort in china. lou: i'm not talking about that -- you are a great guy, but you are saying that i made an incorrect assertion. if you are telling me that the united states company can go in and buy a company up, i can just say so. >> no. lou: we do agree on that. please go ahead. >> china has probably 30 or 40% of the foreign direct investments capacity available over the next three to for years. ford investment worldwide. now, we can take the attitude that we are strong enough to deny these investments. but as china is the largest to have potential for growth export market for u.s. companies. i do not think that it is wise to make strong statements that are not going to allow chinese companies -- [talking over each other]

lou: i do think it is really important for us to understand that we are not operating with parity and equity in the relationship, and we permit them because they hold our dollars in reserves. to run over us and our interests. i tonight's chalk talk. dependency nation, americans more dependent than ever on their government. how can this country return to prosperity? best selling author george gilder here to talk about the gilder here to talk about the book "wealth and poverty."

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is a social critic and thinker. discovery instit cofounder of the discovery institute, georgeut gilder.omic. who has written on technology and economics. it is great to have you hereo b. with us. >> i am delighted to beth here. >> the new launch of economics. lou: this is astonishing. this book, by the way, i have to tell you a quick secret about this book. i think thislo book, along withs milton friedman, i believe themt mosthe important books written i american capitalism, certainly

in the last 50 or 60 years -- i just think it's terrific that you bought the -- that youromner brought this book forward andyak congressman ryan study forward through your book. >> it is exciting to have met romney embraced paul ryan. this represents a turning point for american policy. and also recognition that we can't depend on demands to in entrep togo. cre the growth is the product ofat entrepreneurial creativity. lou: a lot of people -- a lot of people are surprised to hear he talking about. us is predictive and should be predictable. there are those, as you know, by

the legions, and people believe that the leader of that legion is a guy by the name of president obama -- >> and john holdron. the original zero sum game, scarce resources, father and fad mother -- famine sweeping the world by 2000. lou: what i call "thumb suckers," and i won't mention names, well, friedman at the "new york times" because everything is compartmentalized in his mind so we shrivel up and prepare ourselves for the disappointments of the future rather than embrace it and assure this country and generations of americans our destiny and potential. >> yeah. well, it's really amazing how government props up the past in the name of progress, and that's what friedman wants. he wants the land of windmills and solar cells, and occupying

huge amounts of land and delivering no significant energy or benefit to the environment. that is the key theme of thomas friedman's current posture, and it's really ridiculous, but captivated the obama administration with this test of green goo, and so it's -- it really is corrupting american -- enterprise. >> your book, your thoughts, your perspectives in the book, and your philosophy is so compelling because you don't defend capitalism. you don't defend free enterprise. you advocate it. you embrace it. you create great enthusiasm about the ideas that have made this country so wealthy, and people forget. created so much wealth for the entire world. >> that is right. lou: the book, how important is

it, do you believe, that everybody read this book? >> well, i think there's a whole new generation out there who really don't grasp the essential principles of supply side economics that galvanized all the wealth that they currently enjoy. it really all began with that turning point when ronald reagan assumed off as following the carter administration and launched 20-30 years, really, of expanding growth. now we're all encrusted with regulations and litigations and even trying to suppress co2. we're in -- we're the life force and it's crucial that we open the horizons of the economy. you don't do that by putting a cap on the economy by taxing the rich. the rich are businesses that

have succeeded. lou: george gilder author of the book, opening horizons of your mind, i guarantee you, make sure you buy the book. you buyou know what i love about this country?

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