♪ ♪ imus in the morning ♪ >> nobody's reporting it. the president dismisses our massive debt and says it's bush's fault. you'll only hear it here. good morning, everyone, on letterman, mr. obama says our 16 trillion dollar debt is not a concern now, besides it's bush's wars and tax cuts that got us

into the mess. what was the debt when he took office? i don't remember precisely the president said. did the media pick up on this? no, zero mention. here is what is getting attention, president obama moving to solid leads in swing states, virginia and wisconsin. we'll have the rasmussen poll of like lay voters minutes from now. how is america doing against the competition, slipping, down to 18th place on the international charts behind the welfare state, finland and denmark in growth and income. oh, and "varney & company" is about to begin.

>> good morning, "varney & company" viewers, today is wednesday, september 19th. here is big story. the mainstream media is focusing on president obama's response to mitt romney's comments about dependent americans, but on this show we focus on what we call the real story. here is the president's take on the national debt from last

night's interview with david letterman. >> we don't have to worry about it short-term, right now interest rates are low because people still consider the united states the safest and greatest country on earth, rightfully so, but it is a problem long-term and even medium term. stuart: not a problem in the short-term. and let me remind you the national debt just crossed 16 trillion dollars. and the president went on to say that he can't remember what the debt was when he took office. still, the president is in the lead in two key swing states and according to the new york times, the president has a 51-45 edge over romney in wisconsin, and in virginia, "the washington post" has obama ahead of romney 52-44. now, just a couple of minutes from now, we get the latest rasmussen tracking poll. when we get the numbers we will bring them to you directly. and that's a tracking poll of likely voters. want the new iphone, but hate standing on long lines at the

apple store. check out ebay. a listing for the new phone. you win the auction and once it comes out. this person will send you one right away. and right now, the bidding is up. you can't believe this. the bidding is up to 12,000 dollars. check apple stock in the pre-market action and it will open above $700 a share and it will-- about 701, 702. coming up much more on president obama and his lack of concern for our nation's debt. doug holtz-eakin used to run the budget office and store legislatures how much it costs. does he think the debt is not a concern. is that some kind of a joke? >> how much do you weigh? >> now, about 180. >> 180 looks good on you. >> thank you. >> that's just about where i am, and i don't look so good at 180. >> you look sharp. >> you haven't seen me naked. [laughter] we're going to keep it that way.

. [laughter] yeah, yeah, that's fair enough. >> all right, i like that. [ owner ] i need to expand to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far.

>> we should be, let's see about 15, 20 points higher when that opening bell rings to start trading off.

here is what he is the news background tells us, 750,000 new homes being built per year, that's housing starts for you this morning, that's less than expected. that more importantly, japan has joined america and europe in printing a lot of money. a surprise announcement overnight. and they've got to print big time. i would expect to see gold go up on that news, i'll wait for a couple of minutes and give awe quote. as for the big board, all right, they're now trading and the opening trend is slightly higher, again, we're not expecting the big moves in the early going this morning, and maybe 10, 15, 20 points, that's it, that's not much on a 13,500 index, but i do have big news from microsoft. okay. i own some of it. after the bell yesterday, again, i repeat, i am a shareholder. microsoft is raising its dividend for every share of microsoft that you or i own, you will receive 92 cents a year, up from 80 cents per year and that's the 15% dividend

increase, and sound the trumpets, the stock is down, oh, dear lord. go ahead, nicole. >> what do you want me to tell you, i'm so happy for you, stuart. i mean, you know, listen, this just shows that some of the companies, microsoft included many of the dow components have upped their dividends, reinstated dividends that were taken away or cut during the financial crisis and now coming back, 92 cents a share, all right. stuart: i'm not trying to sell the stock, but a company with 50, 60 billion dollars cash on hand, which is relatively stable and pays you what, 3, 3 1/2% dividend yield, you know, that doesn't make a bad investment for your retirement. and i'm not touting this thing, i'm simply-- >> right, it's true, and it's true, right, dividend paying stocks are always the most attractive. depends what you're taxed on the dividends going forward and let's take it as it is, and that's the microsoft shareholders.

stuart: you have to remind me, there's probably a dividend tax increase coming up. >> and nothing is for free, stuart, nothing. stuart: funny you should say that. the dow is 15 points higher. and many of you or worried about our debt. the president is not. >> we don't have to worry about it in the short-term. right now interest rates are low because people still consider united states the safest and greatest country ever, rightfully so, but it is a problem long-term and even medium term. stuart: joining us is douglas holts eakin, and the president says borrowing is cheap and plenty of people prepared to lend us money, how about you. >> i'm deeply concerned. as you well know the u.s. has suffered one downgrade by a ratings agencies and moody's

says if there's not substantial progress made by 2013, it would downgrade federal borrowing and we have debt that exsides the size of our economy and if you look historically at countries that end up in that position, they grow slower per year and suffer a greater possibility of a greek style financial crisis. i see nothing about this that should comfort us. >> i see nothing in the establishment media this morning, fox, and fox business, "varney & company" here's the only ones reporting this and i thought that statement of no concern about 16 trillion dollars, that just jumped right out at me, you? >> i guess i'm not surprised by the statement. if you look the at the president's budgets before he's put out during his time in office, each one has featured ever increasing debt in the out years. they've never had a serious plan to control the size of the deficits, a trillion dollars a year for four years or the growth in debt. and his comments last night reflected that, so, this is not something that's ever made the

administration's radar, and he once said he'd cut the deficit in half at the end of his term, obviously, that wasn't important either. >> it didn't make the media's radar either. i want to move on to mitt romney, still trying to clear up the comments from the video last year. last night he said this on entitlements and redistribution. >> this idea that the president has of redistributing, ni know some people in the government want to take from some and want the others to be on the receiving end of that and redistribution model makes sense and the president says some years ago, he favors redistribution, i don't. >> he's making a clear case, redistribution on one side and not on the other. is it possible that america has changed a the lot in the last four years and that redistribution is now considered a fair policy and that our financial culture has changed? tell me if i'm wrong, but i've

got a suspicion, there may be a trend in that direction. go. >> i think there's always been an american tradition of caring about so often, there's been a concern about the quality of the social safety net, but that's different than redistribution. if you start out rehe distribution, you're thinking of carving up the pie, we need to focus first on growth. second, and with redistribution, you could live in a society there are only rich people and they they aren't equally rich. and that's not the problem. americans need help and better help if we grow more rapidly and if it's durable. right now we have some concerns about our social security, medicare lasting for the next generation, and that's an appropriate concern. as for your question, stuart, i don't think that's changed. i think that americans are now equally concerned about the fact that the government has gotten too big, want to take care of both problems, down size the government and-- >> i want to forecast, i know

this is blue sky forecasting. let's suppose we really did get tax reform, lower rates, corporations and individuals, and some loopholes and you get a long-term plan to rein in and reform entitlement. just suppose we did that. do you think we could get a 4, 5, 6% growth rate within say, a year, year half? >> absolutely. we've got a lot of slack and you can grow at 3 1/2, 4% to make up the slack we have and a good tax reform, a high quality, low rates, broad based personal tax reform will give you another percentage growth over the next ten years, that's what we need. single best thing we could do in this country to solve the the fiscal problems and the social problems along with unemployment. >> and i don't think we've had a 5% growth rate in close on a decade. 5 or 6 years. >> been a long time. >> and far too long. douglas holtz-eakin, a pleasure. there's another video of

president obama supporting redistribution we're going to play that. that's making a splash this morning. what else the president said to david letterman that's coming up in the next hour, including, where he places the blame for our massive debt. take a wild guess. we'll play you the tape new the at 10. according to a new study the united states ranking has a free economy falling. in a release by the cato institute the u.s. has fallen to 18th in the 2012 freedom of the world report behind finland and denmark which are welfare states. hong kong, singapore numbers one and two. and the u.s. has been sleeping, in '08 ranked ten, now we're number 18. want to get back to apple. nicole, the shares, what would the stock be-- >> this morning, the reviews are coming out and bit by bit. i'm reading this morning about how it really is the greatest phone and now how they've worked

so hard having their own maps and stuff. the maps have a little bit of a flaw, not loving that part and the 700 mark is a really big deal and also making more deals for e-readers and such, but here is a look at it right now. down 1.29. not 702 like yesterday. stuart: so we're above 700, but down a buck, buck something like-- >> five, six months from each one of the handles. from 500 to 600, 600 to 700. and six or seven months in between each one and see if six, sevens months, 800. stuart: i'm not asking you for a forget, but that would be spring, summer next year, only time will tell. time is money, so, in 30 seconds, here is what else we're watching for you today. and signs after bottom in the housing market, but it's crippled in several key swing states. why aren't the candidates talking about housing? we'll ask the real estate

developer. and money printing everywhere, even japan is doing is now. and that should mean the the price of gold will keep going up. we'll ask our person at the chicago exchange. gun sales soaring, what are people worried about? the head of the n.r.a. will join us later. remember, if you want to hear from me, send us your e-mails, varney@foxbusiness.com. wednesday morning, your seven early movers, profit rises at the food company, general mills and that stock is up nicely, thank you. microsoft is now paying a dividend of 92 cents a share per year, that's a 15% increase. and so what says the market? no change in microsoft, but it's reached 3117. investment firm blackstone group is buying the home security provider, and it's paying over 2 billion dollars, blackstone is virtually unchanged on that.

and sales growth slowing down at autozone. that is done 2 bucks, but 356 on autozone. and planning to return to investors we like that yahoo!. and kohl's, hiring is that more than 52,000, is that right? 52,000 people mired for the holidays at kohl's? i'll have to get confirmation of that. it's hiring big time, but the stock is unchanged. the restaurant cracker barrel profit nearly doubled, up goes the stock, nearly 7%. now, this, an update. teachers in chicago back to work this morning, students back in school. and kids are. so, who won? does the deal they reached make good financial sense for that city? one of our foremost authorities on illinois finances joins us he's going to be here in new york. he's coming up next. [ male announcer ] at scottrade,

you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade.

wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense.

>> all right. it crossed moments ago, the rasmussen tracking poll. and mitt romney still in the lead. and narrowed 47 romney, president obama 46. it was 2 points yesterday. it's 1 point overnight now. that romney leads. check the big board, in the very early going, 15 minute's worth of business, we've got nowhere. 5 points higher for the dow. 13,570. look at the price of oil. headline in the financial times, the saudis may raise production to get the price down, seems to be working on the price is down, buck 68 a barrel. at 93 a barrel right now. now this, the chicago teachers strike is over. the kids are back to school. teachers got a pay increase, but not as big as they were asking for.

rahm emanuel called the deal a fair compromise. and who won? >> and the teachers union won and rolled back every major reform the mayor tried to put forward and they actually bragged about the fact they defeated the idea of merit pay and think about that. merit pay, they don't want to reward the good teachers. stuart: they defeated it. not part of the agreement they go back on. >> specifically don't want the mayor to identify great teachers and-- they're protecting mediocre and poor teachers with the deal and that's the tragedy. stuart: when teachers are laid off, the union decides who comes back to work. >> yes, that's-- >> not the school principal or the school board, anybody else who says you're not a good teacher, you're not coming back. the union still runs education. >> absolutely. proved it during the the seven day strike, the mayor does have one very strong piece of

leverage, which is charter schools which is outperforming the traditional schools. >> it's a long-term deal, very long-term. tell me about the pensions, the teachers, the ones who just go on strike, what do they walk away with. >> last year, any teacher that worked 30 years had a cash value pension at the time they retired of 1.6 million dollars, how you have to be in the bank, the starting pension annually, $77,000. think about that. they were making a little over $100,000, retire, get 77,000 and over the course of that, the cash value 1.6 and over the course 2.4 million in payout on the backs of the people of the city of chicago with median income for is $30,203. the average income is about $49,000. stuart: they haven't got the money. the city does not have the money. the pension fund isn't fund today that level. >> 32% funded ab and the question the mayor is next going

to ask the state taxpayers and taxpayers all offer this country to bail out chicago public schools. stuart: that's important. illinois will vote for president obama in the upcoming election. >> yes. stuart: they want federal money to go into the state and city. is that the back drop. >> it ) t

depends on congress. how they're going to vote in the fall and give thought to this. if you're a state that that's fiscally responsible, do you want to bail out a state likele noi. we're the worst in the country in terms of funding. >> we have a website going up on thursday on this. >> and this is a long running story in california, illinois, and various other states and they're broke, they want federal money, and i say they will probably get it, but over my-- i was going to say dead body. not going to have that. and thanks for joining us, appreciate it. >> quickly, before i do the gold report. apple has set another new high and we've got a little bug on the screen, it was 703.50. that's not the price now. it's 702 now, but reached 703.50 on apple moments ago. that would be, i think, 43rd, 44th new high of the year, i'm not sure which, but it's up there.

let me show you the gold report, please, and 9:50 eastern time. we're down a little. i was expecting up a little because the japanese decided to print up a storm just like ben bernanke and mario over in europe and oil gold down a buck 50. turns out graduates from a small school in south dakota make more money than harvard graduates. here they come. let me put it-- look at this guy, put him on the the screen. and he's on the left of your screen, that man is a harvard graduate. yes, he is. what is he going to say about south dakota making more than most graduates. i don't know what he's going to say, but he's going to say it. ♪ [ female announcer ] with the e-trade 360 investing dashboard.

free streaming quotes, all your investments, positions, and even your trade ticket are all on one customizable page. see the 360 investing dashboard at e-trade.

>> one sclej college's graduates are making more than harvard grads. 5 50,600, and harvard 45,100, and the tuition is more. doug, you went to harvard. i did.

stuart: dow any comment? >> specialization is important. and plenty of people in harvard, the most obnoxious thing in the world is a harvard grad with a c-average. if you went to the south carolina school of mines, you know something. stuart: do you have gone to south carolina school of mining than what you did in harvard. >> i specialized in social studies and then at oxford and-- >> now here he is now on "varney & company." stuart: social at harvard and-- >> it represents everything you believe is right in lives. in terms of free market. stuart: i don't have a clue up who enoch powell is. >> spokesman for free market capitalism, led to margaret

thatcher and revitalization of britain. stuart: you learned something. >> and oxford, your country. my home country. >> i've been covering for fox business, a vocational school they're thriving, and unfulfilled jobs in this country that need a specific requirement. stuart: we've got to go. the latest read on the housing market in just a few minutes and we'll bring that number to you at the top of the hour. plus, president obama blames bush again. we will play you the tape. and real estate developer don joins us, why the candidates are not talking about housing. so do we. that's next. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news.

trade commission free for 60 days, plus get up to $600 when you open an account. >> announcer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he

loves the access to tom's personal information. oscar's an identity thief who used tom's personal info to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every year, millions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection, period services may take 30 days to alert you. lifelock's 24/7 proactive protection would have alerted tom as soon as they noticed an attack within their network, and lifelock's bank account takeover alerts d have

notified carl in time to help him protect his money. lifelock protects your social security number, money, credit, even the equity in your home. while identity theft can't be completely stopped, no one protects you better than lifelock, and lifelock stands behind that with the power of their $1 million service guarantee. you have so much to protect and nothing to lose when you call lifelock right now and try 60 days of identity theft protection risk-free. 60 days risk-free. use promo code: be secure order now and get this document shredder, a $29 value free. [♪...] call or go online now. [♪...]

>> you heard in our last hour, president obama tells david letterman, he is not concerned about the country's exploding debt. now, wait until you hear what he says about the mess he inherited, you guessed it. he blames president bush again, and we'll play you the full tape in just one moment. first, we're seconds away from the important read on the housing market. that would be the sale of existing homes and that would be a gain, an annualized rate of 4.3 million homes. sorry, i correct that, 4.82 million. that is the number. and strikes me that that is a rather low number. certainly compared to the good

old days, but it is the highest since may of 2010. once again, existing home sales, 4.8 million on annualized basis and that was up, month over month, ultimately 7%. 7.8%. and that's the latest check on the housing market. no impact on stock prices, none that i can see. we're up 10 points at 13,574. let's go to nicole, the price of apple stock that is keeps going up the. where are we now? >> oh, it's above to 703.50 and pulled back off the high. amazing we said 7.02 a change and going down and here it is, what it does, it goes and it hits the top and goes back down and hits the top a little more. that's what we're seeing, and 702.07. the new high. 43rd time this year, 703.50. >> thanks, nicole, i want to get back to the housing number and repeat the numbers you gave just a moment ago.

4.8 million homes existing homes selling on an annualized basis. 4.8 million and the actual number is up 7.8% month over month. okay? and now, sandra, that strikes me, it sounds like a low number and it is, compared to the good old days, but the best since 2010. >>, but it's improvement and better than expected and the market is getting a small pop on this, and something the dow just popped up. now up about 28 points, and the big number to watch here is the month over month change and when you look from, at this august number, it's up 8% since july and we also got the home builder confidence data this week and showed improvement. so, stuart, you have a lot of economists saying maybe we're not skidding along the bottom. we're starting to see the housing market turn and this would back that up. >> i would have to agree with that, month to month. because that's the immediate trend and that's up and show is the number of sales, got it.

you agree with na? >> i agree this is very good short-term for president obama. stuart: we're seeing a little movement in the stock market perhaps because of the housing numbers. we're now up 30 odd points, 33 and moving up gradually, that's a modest rally. the price of oil quickly, we've got serious movement there. down 2 1/2%, that's 2.30 per barrel and we're down to $93. weak demand, apparently, and rising inventories, going to get more numbers on that in a moment and essentially, that's the back drop to a big decline in oil prices right now. that pressages, a decline in gas prices in the immediate future. 93 for oil right now. and oil is down 6% in the past three days, i hate to throw numbers at you and i'm trying to establish a trend here, the trend for oil is down next. the national debt has gone up by nearly 6 trillion dollars, since president obama came to office, but he's still blaming president bush for the initial run up in

the debt. and that's what he told david letterman last night. listen to this. >> and when bill clinton was president, we decided to launch two wars on a credit card. we cut taxes twice without finding offsetting costs for it. or ways to pay for it and then we had a massive recession and so, when i walked into office, we had a trillion dollar deficit. >> all right, so he's blaming president bush, two wars, tax cuts, followed by a nasty recession and doug, still a democrat, seems to be ignoring the vast increase in spending during his term and the failure to come to grips with entitlement programs, plus a stimulus. >> that's absolutely right. bottom line doesn't want to talk about the stimulus or health care, he wants to talk about other people's foibles because ultimately his strategy, and it's working, stuart, is to blame others, to distract attention from his own record,

and make romney look as bad as he is looking. stuart: that isn't the only thing he said on letterman he said i'm quoting now, we don't have to worry about it in the short-term. that's 16 trillion dollars we don't have to worry about it in the trillion. >> he wouldn't say 16 trillion. letterman brought up. rnc, what's the clock running, debt clock. >> and obama said i don't really know what was on there. >> what was the number on there, 10. >> obama wouldn't reference the number and meanwhile by the way said, also, quote, i'm completely ignorant about politics. stuart: the president said that. >> in the interview with letterman. i missed that. say it again. >> i put the quote in front of me he claimed to be completely ignorant of politics. and how big was the debt when you walked in the white house door. he said i don't remember the

number precisely. >> that's right. stuart: and letterman would say 10 billion. i don't remember the number precisely. >> and they know what that number is every hour of the day. stuart: and we've got-- and entered the fray here, hold on a second. let's stay on housing, don peebles is with us. florida and michigan, two key swing states, got it. two of the highest percentages of junt water mortgages, 33, 29% respectively, amount of home owners who owe more than the home is worth. and the next is joining us on housing, the premier developer in northeastern region fancy title he got it from me, but his name is don peebles. woman to the program. >> thank you. stuart: i'm used to seeing you on a different network, aren't i. >> yes, i am. stuart: what are you doing here? >> i'm coming over here because i like this, the diversity and the fair and balanced news over

here. >> told you he was a smart man. >> welcome aboard. >> thank you. >> now, seriously, we don't hear much from the president, or from mitt romney about housing. in fact, there are two gaps in what the president says about the economy, obamacare and housing. why no housing, don. >> i'm disappointed not to hear more about housing, in order for us to get out of the recession that we're in and lull we're in, we've got an economy that's improving, but improving slowly. and in order for that to accelerate, we need a recovery in the housing market and even if house wering to decline significantly, it still would not propel housing where it needs be to be in terms of contribution to gross domestic product. stuart: in terms of being successful, he spent a couple hundred billion dollars. >> look, i think the government, and i think both sides of the aisle who approach the housing market and the housing dilemma

incorrectly. there's a simplistic solution here. the hard core reality, if you go into a state like florida, your a getting to over a third of all mortgages are underwater. and you go around the country, and essentially, more than a third of these mortgages are jumped water. stuart: and can't be financed. >> and yes, we have record low interest rates. so, if someone like me or my company can borrow. and the average home owner is getting no benefit from the low interest rates. the solution is we've got to get the interest rates to the home owner. the housing market's dependent on people moving up. stuart: and you've the got to force the banks, force the-- >> no, not necessarily. stuart: how do you get-- >> here is the underwater-- >> if you have the vast majority of these mortgage holders who are underwater are current on mortgage payments, gainfully employed and they have decent

credit. the on issue is, is their property can't appraise. what we do, we have the federal government institute a guarantee program for the deficiency. so, someone has a mortgage of $200,000, but their property would only conform to a new mortgage of 150,000. so there's that deficiency, the federal government should institute a guaranteed program for that $50,000 gap, provide that the borrower has got good credit and current on the the mortgage. >> what does the guarantee mean? >> what it does, in the event of default and foreclosure and the borrower does not pay the lender, then the federal government steps in and pays that $50,000 difference to put the lender back to where they would be if it were a conforming appraisal. because what we have here is-- >> supposing you had millions, literally millions of people take advantage of that back stop. >> that would-- >> and the government is on the hook for hundreds of billions of

dollars. >> they're on the hook for hundreds of billions and trillion dollars now. look how much has been thrown the at housing. think about it this way, if the government were to do this, what would happen the mortgage payment, someone with $200,000 paying 6%, average interest rate for anyone who got a mortgage more than half the upside down mortgages are at 6% or more. so, let's say a 200,000 mortgage paying $12,000 a year, in interest. and today's rates they should be paying $6,000 a year. in interest. so their monthly payment would stay the same. they with still pay that interest rate payment based on the 6%. but, that's additional 3% interest would go to pay down the principal of the mortgage. so over a-- >> i've got it. but you're an obama supporter big time. why hasn't he done it? >> i'm going to play out a plan and actually send it over to him. stuart: he's been there four

years. >> you know, it's never too late and i think they tried a different approach and i think the fact is, that the republicans were against a bailout. the president was looking to try to figure out some way to help those. the president's focus on the administration's focus-- >> don would you take hud if it's offered to you. >> no. >> we could use you in the federal government. stuart: is it going to be offered to you. >> no. stuart: breaking news here? >> this man's success recommends his highly for that post. stuart: see? >> i'm glad i came here, but i've got a real estate business to run. stuart: just got you a cabinet post. [laughter] i think they've got great people there. stuart: don, we're almost out of time, but i want to thank you for coming on today. much appreciated it. a very interesting plan and i don't know why president obama didn't grab it two, three years ago. >> he needs to grab this now. stuart: next secretary of housing and urban development, don peebles, is that correct? can we put you into that title?

>> no thank you. [laughter] >> always a pleasure, thank you. >> thank you. stuart: you don't hear a lot about obamacare on the campaign trial either as we're seeing, but you might be hearing about it during prime time tv very soon. pr company blogging shows like grey's anatomy to include health care law story lines in the script. and jason mattera wrote the book "hollywood hipocrits" he joins us later this hour to discuss that, 10:25 this morning. and nicole, nike shares going up and i see the dow is now 13-6. i guess the housing market helped, but tell me about nike. >> nike is the number one performer on our fox 50 index and came on the radar and turns out media hits on the internet and the stock is up 2 1/2%. and you may not be familiar with lieb james, dwyane wade, but they have new shoes coming out to test how high you jump.

stuart, we might test you, right? it's not going to be a $300 shoe, a 270 shoe and one of the things we're talking about. stuart: and duane read, another story-- and another loser here dekkers outdoor. >> all right, dekkers, they make ugg s, the boots that a lot of folks wear and the analyst there has been noting that the sales start off slow for the fall season. uggs has been a trend setter and one that everyone had to have. where are the sales? that's the point, the stock is a new low. stuart: another economic indicator of sorts. a fashion indicator, but an economic the indicator. all right, nicole, appreciate it, the dow is up 40 points. 13605. look at that. and could europe and the riots there happen here if class warfare gets worse? wait until you hear what the

n.r.a. have to say about that later this hour. first, we'll talk to the judge about president obama's newly found take on redistribution. listen to this. >> and still tats some redistribution because i actually believe in redistribution.

. stuart: immaterial' here to tell you about the big drop on oil this morning. oil is down to about $92 a barrel, 2 1/2 cent decline.

some worry about weak economies around the world and that would affect the oil demand. and now new oil storage numbers, some nervousness about that. maybe a buildup in supply so down goes the price. the price of gold flat today. you might have expected it to go higher with everybody printing money, the japanese included, but only a buck 80 higher. 1773. stocks flat, no, not flat. modest rally, up 44 points. existing home sales number the top of the hour and the rate at the highest level in two years and up goes stock, 44 higher for the dow and 13-6 is the number. california governor jerry brown, with the tax plan, if he's defeated in november. more on that in just a moment.

>> a new audiotape just released, president obama back in 1998 talking about wealth redistribution, please listen. >> i think the trick is figuring out how do we structure government systems that pool resources and hence, facilitate some redistribution because i actually believe in redistribution. >> okay, that was 14 years ago, i actually believe in redistribution. all rise, i'm sure the judge has something to say about that. his name is andrew napolitano and he is here. okay. the president, then state senator, barack obama, said it 14 years ago. in my opinion, he implemented it

four years ago and in my opinion, he has indeed transformed america's financial culture. do you agree or am i just not-- >> no, i don't think anybody could disagree with you or anybody should be surprised that the president said it. he's probably not happy today that he said it then and probably not thrilled that the tape surfaced because it would divert attention from mitt romney's comments a few months ago about which we could speak later, but it should be no surprise that the president believes this. in a certain extent redistribution is the public policy of the united states, progressive area into the fdr and lbj years and we accept those laws now as part of redistribution. stuart: judge, i've the got to jump in. i would go further. i would maintain that to some degree, redistribution, neo-socialism is popular. >> it's popular. certainly popular with the 47%

of whom mitt romney spoke. and some receive some for social security and medicare, most are paid money from the government. >> paying payroll taxes on that money. >> this is a scam. here is the the scam. when fdr sold the country on social security, he said we will quote, hold your money for you, his word. we will hold it for you and when you retire, we will give you back your nest egg. he was lying. we know he was lying because at the same time he said we will hold your money for you, he dispatched justice department lawyers to the supreme court to argue against challenges on the constitutionality of social security. and then those arguments, the lawyers said it's not the money of the taxpayer, it's the federal government's money and the federal government is free to spend it however they want and the supreme court ruled. stuart: i can't go back to the

1930's and argue the constitutionality. >> i'm the not having you to. i'm suggesting to you it's been the public policy of the federal government of the united states to engage in deception in order to create it on-- >> regardless it's popular. >> it's popular. stuart: we've passed the continuing point, who pays taxes and who doesn't, who gets what from who. >> and insurance is right, reasonable, and necessary and the judge-- >> hamilton and jefferson rarely agreed on anything, they did on this. when the public treasurer becomes a public trough then people send only to washington those who thinks will bring back a bigger piece of the pie. stuart: it's way beyond that, we're borrowing a trillion dollars a year, way beyond feeding at the public trough. we're at a massive trough we're inventing. >> get together on agree on--

>> and it's unpopular. >> it would be right. >> judge. >> if president obama is reelect anded another 4 trillion in debt and four years from now we have 20 trillion in debt, that's a trillion in interest payments. after that, the 2 trillion in entitlement payments, that's 3 trillion. the government only collects 2 1/2 trillion in taxes, so before it even funds the government, it will run out of money. stuart: but don't forget, president obama told letterman last night that the debt is, we don't have to worry about it in the short-term. >> we have to worry about it today. stuart: thank you, judge. >> and so spending cuts and revenue increase toss try to deal with it. >> i'm not in favor of revenue increase, i'm in favor of shrinking the government down to the constitution. >> we're fot going to have a government that meets our needs. stuart: we're running out of time. and there's the debt clock. 16,000, ten days ago we crossed 16 trillion, 4, 4 1/2 billion a

day. and some of the small part is going to public relations and california asking shows like grey's anatomy to include health care law story lines in their scripts. will hollywood listen? you betcha. jason mattera, author of "hollywood hipocrits" will join us. he's next. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.

through mercedes-benz put me at 5 timesgreater risk o, irregular heartbeat my first thoughts were about my wife, and my family. i have the most commonype of atrial fibrillation, or afib. it's not caused by a heart valve problem. i was taking warfarin, but my doctor put me on pradaxa instead to reduce my risk of stroke. in a clinical trial, praxa® (dabigatran etexilate mesylate) reduced stroke risk 35% better than warfarin. and unlike warfarin, with pradaxa, there's no need for regular blood tests. that's really important to me. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition like stomach ulcers,

or take aspirin, nsaids, or blood thinners, or if you have kidney problems, especially if you take certain medicines. tell your doctor about all medicines you take, any planned medical or dental procedures, and don't stop taking pradaxa without your doctor's approval, as stopping may increase your stroke risk. other side effects inclu indigestion, stomach pain, upset, or burning. pradaxa is progress. having afib not caused by a heart valve problem increases yourrisk of stroke. ask your doctor if you can reduce your risk with pradaxa. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance.

and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again.

>> think about that merit pay, they don't want to reward the teachers, and that part of the agreement. they specifically do not want the mayor to be able to identify great teachers and reward them n fact they're protecting mediocre and poor teachers with that deal and that's the tragedy. stuart: that's the tragedy. john tillman in the last hour telling what the chicago teachers won in their strike. no mention what the students lost. remember, please, join us on "varney & company" and we start 9:20 sharp each weekday morning. and time for a market check, take a look at the big board. we're up 34 points not much movement. a little blip up with good housing numbers at ten o'clock and now up 33. look at gold, expecting a solid rally because the japanese and you i are going to print up a storm like ben and mario, 1774.

the big story, the price of oil, down 2 1/2% and puts it back at $92 per barrel. and worries about the level of demand and supply. back to nicole, we've got gro groupon shares moving up. why is that? >> we're saying moving up. you should say really loudly because they've been moving down. the last three months, down almost 60%. groupon up almost 8% today and that's because now they're working with the local businesses and merchants who have their own processing and payment. they have a payment service to offer the local businesses, hassle-free, enroll with minutes, no hidden costs no monthly fees because of course you know the merchants and businesses pay a lot to the credit cards companies like american express, for example, this is groupon's way of getting them in at a lower rate. stuart: and just scanning 200

e-mails a day. just back. and using the greatest resource, hollywood. the state is spending nearly a million dollars giving it to a pr firm, that firm is going to pitch pro obamacare story lines to top rated tv shows like modern family or maybe grey's anatomy. let's see, going to feature obamacare in a favorable light, right this in front of the vast media joining us now is jason mattera, author of "hollywood hipocrits", i don't think that taxpayer money should be used to finance a political policy in the mass media, but i think it will work. >> and you know, california wonders why they're going broke and blowing through a million dollars, giving it to a pr firm to promote obamacare, it actually shows you that even in california obamacare is not that popular, that they need to go

ahead and mass public size it the way they're doing, but you're absolutely right. this is going to work and goes back to what i've always said is that obama has the biggest industry and they're supporting them. hollywood in the last few months. award winning director kathleen bigelow, a talking points movie on the assassination of bin laden and now world renowned publicity firm going to push obamacare it very popular prime time television. >> they're trying to get the story line how wonderful obamacare is installed on grey's anatomy. >> and weave it in. and you know, we can make some discussions about the plots, i think actually the network should bring back the show "lost" and we can have the resurrect. rather than being stranded on a remote island, the cast can be lost in the 12,000 pages of new regulations from obamacare, lost with 159 boards, bureaucracies, and regulatory--

>> and putting communications inside tv programs is far more effective than one traditional advertising. >> of course, it's absolutely in our culture where someone like jon stewart is considered a viable news source and barack obama would rather than have a intellige intelligent-- yuck it up with david letterman. stuart: if you you can yuck it up and then the cast of grey's anatomy, how about that obamacare, is that how you get your information and viewpoint? >> yes, yes, unfortunately. we're infatuated with celebrity. look, obamacare has been a wrecking ball for the younger demographic, and especially those 18 to 24. unemployment rate is more than doubled and support for barack obama more than doubled from mitt romney. and democrats rise on ignorance

and emotion and hollywood and that's why they're natural, hollywood and-- >> can i mention kendra todd? >> you have. >> he's blushing. >> before you ask and mentioned the name. >> she won the apprentice, i believe. >> she did, youngest female winner, no youngers winner of the apprentice, and female winner. stuart: you may ask why i raise the issue issue of kendra todd. he's about to tell us why i raised her name in public. >> she is going to marry me. the best thing is she's going to do it voluntarily. stuart: incredible. >> has this appearance earned stuart an invitation? [laughter] stuart: is that okay? >> of course. you can come party in miami with us, stuart. stuart: am i invited? >> in fact, do you want to officiate? stuart: i'm not an ordained

minister, i'm afraid. having me tell the world about your marriage. great picture. i think you married up. thank you. i have to wrap. gun sales, profits they continue to go up. why would that be? could it be people are that worried that we might see what happened in europe happen here? could be. we will certainly ask the head of the nra. he's going to join us next. can your hearing aid do this?

lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7,

100% invisible hearing device. it's tiny. but lyric's not just about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without battery changes. incredibly easy to live with, lyric can be worn showering, sleeping and exercising. in fact, you might forget it's there at all. call for a risk--free trial. and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimonial section)

did you know, 94% of people who use lyric would recommend lyric to a friend or loved one. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call or visit trylyric.com for a risk--free 30--day trial offer. you'll also get a free informational dvd and brochure. why wait? hear today what a little lyric cacan do for you. lyric from phonak. life is on. with the fidelity stock screener, you can try strategies from independent experts and see wh criteria they use.

such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. stuart: there is a whole lot more oil in storage. it's called a big inventory build up. most since august 13th actually. so the price is way down. joining the company now from chicago is with pti securities. here's what it means to me dan and you comment please. it means to me that the world economy is real slow. the american economy is real slow. and the run up in gas prices has come to an end because oil is all the way back to 92 bucks a barrel. am i right? >> well, all but the third. the last thing i'm not exactly

sure that we're headed in one direction. because we had a double-whammy here today. we actually had a lot more oil out there from the american petroleum institute but also had some comments from saudi arabia saying they were going to try to get the brent price down to 100. these were anonymous comments but attributed to the oil minister. realistically that was kind of double-whammy. it is kind of a one day event. it will be interesting to see if it holds. stuart: i'm looking towards the future of the price of gasoline. seems to me it's topped out at about 3.87. i'm expecting with oil coming down that gas will come down? you won't join me in that prediction? >> in chicago we're still at 4.29. i'm not sure we're seeing the same thing you are seeing right away. supposedly the midsection of the country is supposed to be having cheaper gas but certainly don't see it here in illinois. it would be nice to say the price of oil is going to continue to go down and i would like to see it would. it's been almost 48 hours since something has come out of the middle east so it will be interesting to see if that

continues. stuart: very interesting. thanks for joining us on very short notice. we appreciate that. there's been a nationwide run on guns ahead of the november election. it's been going on for more than a year. smith and wesson's sales jumped 30% in the first quarter and expects to sell 540 million dollars worth of guns this full year. nra executive vice president is joining us now from d.c. you have been on the show before. you told us that gun owners are worried about president obama winning a second term. that's why they are buying so many guns. but look, lately, i have been hearing that a lot of people are worried about what i'm going to call civil unrest. the kind of thing that we saw in greece and spain. and that that's another reason why people are buying guns. they are worried about civil unrest. what do you say? >> well, i think it's a combination of a lot of things. but i think you make a good point. i mean you talk to people around the country. the threat just feels closer right now. you know, people look at the

threat and it just feels closer. and the one chance they have is their right to own a firearm. so the freedom to own a firearm makes sense to me in terms of my ability to survive. i know -- stuart: is this flat out linked, both reasons for the gain in gun sales, maybe taken away from you, and there's fear of civil unrest, is that flat out related to a potential second obama term? >> yeah, it is. i mean, people look at crime. people look at the terroristic threat. and they have a determination to survive in this country, and no freedom protects that right like the right to own sapphire arm. it is -- like the right to own a firearm. it's the second amendment and safety and security and an underlying connection with everything else that's going on right now.

>> assault weapons? >> all you are talking about is semiautomatic firearms. the media is so misinformed. you are talking about semiautomatic firearms that are no different than any other firearm. the media is so misinformed on that issue. this's one of the things -- that's one of the things that really sticks with gun owners. that's where the breakdown occurs. people have an obligation to be factual and when they talk about assault weapons and weapons of war and spraying bullets and more powerful than any deer owner would use, every one of those things is blatantly false and gun owners know that. that's where the breakdown occurs. that's why gun owners are joining the nra. you know, i have a news bulletin for the political elites and the media in this country, they are scaring the american public to death with misinformation on the 2nd amendment, misinformation on the specifics of guns and the threat to the individual right in this country to own firearms. what are people doing?

they're joining the nra. they are buying guns by the millions because they know that's a strength to the united states of america, not a weakness. stuart: i have a very limited time left, wayne. am i right, it's millions of guns will be bought this year? can you give me a number? >> millions and millions according to every measurement. women now know that proficiency with a firearm can keep them safe. women sales are going through the roof. 23 million american women now own firearms. the american public is scared of the obama cliff if he's re-elected. they know he is coming after their guns and coming after their freedom. >> we appreciate you joining us. >> appreciate it. stuart: mitt romney is in a similar situation as ronald reagan was 32 years ago behind in the polls despite a bad economy in mid september. mike reagan is next. we will ask him the same question we asked doug schoen earlier this week. is romney just a bad candidate?

>> he's certainly not been a good candidate. he's been unduly negative. not being well served. he needs to be more cautious and more careful in what he says. romney has done himself no favors.

stuart: if you are looking for market action today, look no further than the oil markets. oil is way down. we just received the latest oil inventories report. 8.5 million more barrels of oil in storage. that's a huge build up and down goes the price. look at that.

chicago students and teachers back in school. the union calling off the strike after reaching a tentative deal with the city. mayor emmanuel calling it a compromise, longer school days, smaller raises than the teachers were seeking but there's no merit pay. there is no change in the way kids will be educated in chicago. it is a big win for the teachers. and california governor jerry brown has a back up plan if his tax increases don't pass in november. tuition will go up 5% in california state universities. all right, everybody, back in 90 seconds with mike reagan. tdd#: 1-800-345-2550 you should've seen me today.

tdd#: 1-800-345-2550 when the spx crossed above its 50 day moving average, tdd#: 1-800-345-2550 i saw the trend. tdd#: 1-800-345-2550 it looked really strong. tdd#: 1-800-345-50 and i jumped right on it. tdd#: 1-800-345-2550 since i've switched to charles schwab... tdd#: 1-800-345-2550 ...i've been finding opportunities like this tdd#: 1-800-345-2550 a lot more easily. tdd#: 1-800-345-2550 like today, tdd#: 1-800-345-2550 i was using their streetsmart edge trading platform tdd#: 1-800-345-2550 and i saw a double bottom form. tdd#: 1-800-345-2550 so i called one of their trading specialists tdd#: 1-800-345-2550 and i bounced a few ideas off of him. tdd#: 1-800-345-2550 they're always there for me. tdd#: 1-800-345-2550 and i've got tools that let me customize my charts tdd#: 1-800-345-2550 and search for patterns as th happen. tdd#: 1-800-345-2550 plus webinars, live workshopsresearch. tdd#: 1-800-345-2550 whatever i need. tdd#: 1-800-345-2550 so when that double bottom showed up, tdd#: 1-800-345-2550 i was ready to make my move. tdd#: 1-800-345-2550 all for $8.95 a trade. tdd#: 1-800-345-2550 can you believe it? tdd#: 1-800-345-2550 i love it when you talk chart patterns. tdd#: 1-800-345-2550 en an account and trade up to 6 months commission free

tdd#: 1-800-345-2550 online equity trading with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-800-284-9850 tdd#: 1-800-345-2550 and a trading specialist will tdd#: 1-800-345-2550 help you get started today. stuart: what's getting really big play in the media this morning? i will tell you, the latest polls in key swing states, a new york times poll has mitt romney down by 6 points in wisconsin. and a washington post has president obama up by 8 points in virginia. however, i should tell you that the latest rasmussen poll of the 11 swing states shows romney with a 1 point lead overall. joining us now, mike reagan. all right, mike, always good to see you. earlier today we had someone on the program -- in past sessions -- in past sessions it's been said that mitt romney is a weak candidate and his campaign is really bad. what say you?

>> his campaign in many ways is really bad. he needs a clear message of where he wants to take america. he needs to ask us to be with him to take us there and he really hasn't done that. it seems the message changes every day. or in fact the media says something about a speech he gave back in may, and he ends up basically apologizing for what he said and why he just said it wrong. you know, at this point, you need to be a strong leader and move forward. i will tell you i think there's people on the campaign that probably shouldn't be there. who have not won presidential elections, if you will. i think there needs to be some changes. remember, at this point in 80, ronald reagan was -- ronald reagan was behind. in fact in october, he was at one point 10 points behind. romney needs to tell us where he wants to take us. he can't simply run on let's replace obama.

it's got to be okay we're going to replace obama, but this is what i'm going to be as the president of the united states. here's my plan, let's move forward and have a positive message. stuart: did your dad in the 80 campaign replace senior level people in his campaign with just a few weeks to go? personally i can't remember whether he did or not. >> he did it in new hampshire, stuart. >> in new hampshire i'm the guy who called at 6:30 in the morning in los angeles and had me approve the firing of the campaign staff on the morning of new hampshire primary because of what i had done for him and told him what was going to happen in iowa. i'm the guy who did that back in -- gosh, it was february of 80. sometimes you have to stand up and do what's necessary if indeed you are going to win. stuart: that was february in -- >> it's about winning the election. it is not about gosh i want to keep these friends on board. if they are taking you down in

the titanic, you get rid of them. it's about winning the election. he needs to run for president as if the election is tomorrow afternoon. ronald reagan we got behind in october, i saw my schedule go right to the moon. 66 airplane rides. 19 states just from october 6th to november 3rd of 1980. my sister maureen was doing the same thing and my father was basically doing the same thing. it wasn't just one event a day. it was many events a day pause we wanted to win -- because we wanted to win. stuart: okay. i just wonder how much it is a weak candidate, poor campaign, versus the opposition of the establishment of media. >> the media wasn't on ronald reagan's side. you have to find a way around it. you can't just keep on blaming the the media for where you're at. you have to find ways above it and around it. if youre really a strong candidate, you can in fact do that. ronald reagan never had the media on his side. he didn't have the hierarchy of the republican party on his side. but he was able to do it because

he ran a ground-up campaign, not a top-down campaign. i think the romney campaign is running a top-down. a rockefeller republican type of campaign which is not a winnable campaign instead of a ground-up campaign and moving forward. grassroots elected ronald reagan. stuart: came in the northeast, very sensitive to the whole expression rockefeller republican. mike reagan, always great to see you. thank you. >> thank you. stuart: my take is next. [ 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! now you're a real fishman. [ male announcer ] humana. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far.

stuart: the president talks about our debt. he rewrites history and then says 16 trillion dollars is not a a concern in the short-term. the media pays no attention whatever. here's my take, he appeared on letterman last night, scan the media this morning, and what's the headline? obama says romney is writing off half the population, not a word about debt. how convenient. one of the issues that really fires up our viewers is debt. and the media conveniently failed to report what the president said last night. he couldn't remember precisely what the debt was when he came to office. really? didn't he say it was unpatriotic? but he doesn't remember how big it was precisely?

it was 10.6 trillion dollars, mr. president. and it is 16 trillion dollars now. but that is not a concern, said the president, in the short-term, it doesn't matter, because it's cheap to borrow and plenty of people are willing to lend. really? it is ben bernanke who is printing the dollars to lend to the treasury, and that brings real danger. like inflation. piling up an extra 1 trillion dollars a year should be a concern, mr. president. and then he rewrote economic history, to blame bush for our debt. the wars and the tax cuts, that's what did it. how convenient to forget the bursting of the dot com bubble, the slowdown it created, then 9/11 and the recession which followed. the tax cuts got us out of that mess. so here we have a president who glosses over massive debt, blames somebody else and gets history 101 dead wrong. no media coverage. what a contrast to the firestorm that greeted mitt romney when he correctly points out that we

have indeed become an entitlement nation. oh, dear. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay ale... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers

through mercedes-benz financial services.

stuart: highlight reel, roll it. obama supporter big-time why hasn't he done is it? >>i'm going to lay out a plan and actually submit it over to him. >> i'm used to seeing you at a different network, aren't i? >> i'm coming here because i like the fair and balanced opinion. sandra: he made his stance very clear in that he wants government intervention in the housing market and he wants to artificially prop up the housing market which we already did and it failed. stuart: he's a president obama supporter. he wants the government to intrude into the