website. every weekday from 3-to 6:00 eastern. meantime, another great tv show for you next week right here on fox business. i do hope to heayohe radio. >> lou: hello, everybody. thank you for being with us. congress back to work this week after a two-week long recess. three issues and agenda items stealing all the attention today. immigration reform, gun control, and the president's budget. president obama delivering his budget proposal two months late. and neither democrats nor republicans seem to like it. republicans won't be having any of mr. obama's tax hikes and higr spending and democratsup set the president wants smaller increases in payments to retireees. his $3.7 trillion proposal amounts to the largest budget in miles per hour history. it doesn't come close to balancing.

deficits in perpetuity. the president looking for easy within on gun control and has be pushing hard for krong to produce. the first major gun control legislation in two decades. but it's up clear what they can get through congress. they have a limit on magazine capacity have no chance of passage. the rest is purely window dressing on an issue that the country takes far more seriously than the president originally estimated. we will take it up tonight with senator ted cruz who emerged on the first year in washington as up with of his party's national leaders. the head of the national rifle association wayne lapierre joins us a well. other stories we're covering, north korean leader kim jong un taking the rhetoric to new highlights, issuing daily-threat agaituth

korea. fo newsitary analyst and four-star jep jack keen ways -- general jack keen ways in. >> pat lea herby announcing he will hold a single hear, one hearing on the gang of eight reform legislation next wednesday. we don't know what is it or when it will be released. earlier they were walking outside the capital to pressure congress to move faster on immigration reform. two senators reached bipartisan agreement on background checks one day before the senate pepares o debate gun control legislation. to ty and manchin announcing an agreement to rl sales includingchecks to those at gunshows an online. be exempt.e-on-oneales would

miff next guest threatped to filibuster. >> joining us is ted cruz. list of assignments so long we won't take up your time with all of them. i'm amazed that you have time for all of the assignments. great to have you with us. >> in no order of developn't on the day, $3.7 trillion budget from the president long awaited and overdue. your thoughts? >> this continues a pattern that was reflected in the budget that the democrats passed two weeks ago. pat enof advocating more tax increases on top of the $1.7 trillion in tax increases we have seen. not making decisions we have to make to get out of control spending, under control and the turnrothe

unsustaina deficit and debt. it ones massive budget deficits in the future. >> lou: we have watched continuing resolution after continuing resolution take over what has been the traditional roll of the budget. are we to see another round of continuing resolutions as a result of the blueprint, the president decided to advance 65 days after it was due? >> i think we may well. the president made a decision not to submit a budget while the senate is considering a budget despite he is legally required to do so. part of the reason that we have seen government by continuing resolution is that congress has not been doing its job. passing appropriation bills and making the hard decisions, that all of us are elected to

decide. i don't think it's a particularly conservative philosophy. they want to live within your means and not want to bankrupt the country. up fortunately, for the last four years, the democrat controlled senate has been unwilling to make any real steps to live within our mea means. >> lou: it is extraordinary when you put it in that way that it results in ecation, you must follow the law and value of government napse and provide the overside as well as appropriation and follow the constitution. that is radical stuff, isn't it? >> it used to be bipartisan and wide agreement on that. but we live if an different era, where four years the democrats refuse to pass a budget at all. when they did the budget would raise taxes an additional $1.5 trillion on top of $1.7 trillion in tax increases that have already happens. it doesn't meaningfully cut

spending in any real well. i never balances. it does nothing to save and reform entitlement, social security and medicare to preserve the programs for seniors and make sure they are strong and vibrant going forward to zo next generations can rely on that. >> lou: the senate, much of its time taken up with the house. on gun control. senators toomey and manchin, coming up with a deal. >> i don't remember the last time that it became a big deal for nators to reach a deal. but that is sort of the way it has, that the environment now down there. is that deal of theirs between the two of them something that is going move forward as legislation? that will be taken seriously by both parties? >> i think it will be taken seriously. i don't know if it will pass or ot.

we should be focusing on prosuting and punishing and preventing violent criminals. and we should be safeguarding the constitutional rights of law-abiding citizens. all of us were horrified by what happened at sandyhook. i have two children at home and to parent could see chirp senselessly murdered and not be anything but speechless and just taken aback at the depravity and the hor are of it. but it's sad so many politicians are trying to take advantage of the tragedy not to take legislation to target violent criminals but working to take away the second amendment right to keep an bear arms of the law abiding peaceful citizens. let me tell you something interesting most people don't know -- >> lou: senator, could i to this. take this opportunity to go to break very quickly, because we have run up against one of those things.

>> sure. >> lou: if you wouldn't mind we'll take a quick break and come back. talking to senator ted cruz. you don't want to miss a moment of what he has to say on th thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.

(announcer) at scottrade, our clto make their money do more.re (ann) to help me plan my next move, i take scottrade's free, in-branch seminars...

plus, their live webinars. i use daily market commentary to pr and local s off guidesy le i useery step of the waentary to pr beuse they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customerlt for brokerage and investment companies."

we are talking to senator ted cruz. it interrupted you. i apologize for that. if you will, sir. >> guest: sure, i was say that unfortutely the obama administration has not made a priority to prosecute those felons with guns. 15,000 felons and funneltives tried to purchase a gun and were turned down. they prosecuted just 44. let me repeat the numbers of the out 156,000 fe lops and ryio

purchase autobahn, the obama justice department only prosecuted 44. i am introducing legislation to create a task force in department of justice. we need to prosecute violent felons and fugitives to go after them and protect ourselves against violent crime. we shouldn't strip away the right to bear arm of lawful, peaceful citizens. >> lou: senator reid, the majority leader called for a cloture vote at 11:00 tomorrow morning. you and a number of your colleagues have also said you will filibuster should the need arise. is it yoursense that the need will arise? are you committed to a fill buster? >> what i htk critical, is tat for any bill that abridges the bill of rights and in particular undermines the second amendment right to should be sugarms at a

nate should not adopt itd the with 51 votes but a higher threshold to protect the bill of rights. that's what we insist on and what the cloture vote will produce. >> lou: immigration reform, this is, this is becoming very difficult to understand some of what is happening. they're important senators in groups of two or gaps of eight. the miles per hour people aren't getting exactly the clearest view of what is deliberated by the senate. many of you are not briefed by the gang of eight. what is the senator cruz view of the way senate is conducted by both parties in the senate? >> i will confess that my mom told me to stay away from gangs. i have not been involved in the gang of eight deliberation. you know, i want the wait to

see what they produce. at this point we have not seen a stat sheet. we have seep outlines and we have seen press releases. there are rumors that the bill is as much as 1,500 pages. >> lou: good lord. >> i hope that is not the case. in my view there is bipartisan agreement on immigration. if we focused on agreement, number one we would get serious about securing the borders. about providing manpower and technology to finally stop the problem of illegal immigration. number two, we'd devote resources to improve and streamline legal immigration. so that we can welcome and celebrate those who follow the law and come here seeking the american dream. the president's focus on insisting on a path to citizenship for those here illegally is designed to scud the entire bill because he wants a political issue rather than to pass common sense

immigration reform. >> lou: we have to leave it there. i wish we had more time. come back seen. this seems like number of issues important to the nation. thank you for being with us here tonight. >> senator ted cruz. the obama administration has a knack, don't they? another failed green car company costing taxpayers millions more. milland those are my final four picks.

now over to you charles???? sir charles' single miles card left him blacked out. he's coming to us from home. that's gotta be traveling. now instead of covering the final four, he's stuck covering fourth graders. brick! bobby is 1 for 36. mikey? he keeps taking these low-percentage shots. and julio? i don't know what julio's doing. next time get thtal one venture card and fly any airline any time. what'sn your wallet? can you get me mr. baldwin's autograph? get lost, kid.

can you get me mr. baldwin's autograph? all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers.

>> lou: the obama administration has done it again. choosing another green energy loser spending millions and millions of taxpayer money in the process. fisker automotive firing 75% of the workforce after failing to secure a financial deal. that is 160 jobs gone from a

y hat was baycked a 500, at one time a $529 million-dollar loop guarantee. but feel good about it. fisker was able to only tap 139 million of it. that's impressive, huh? >> we would say we're shocked. fisker battery supplier went the wrong way as well. ned a chinese quiteg company. chged the name bythe way. i love this. a123 is now b a sense ohum,riht?inese didn't it benefited froma arly $250 million grant. that is25 million.the chinese sa thank you card. don't you? wouldn't that be nice? and solyn $5

wow. you know maker, received8 milli. they went belly up. energy store ran company, beacon power received $43 million. how about that? that feels like chump change, doesn't it? just $43 million taxpayers dollars. you got it. they went belly up. solar panel company i love the name, abound solar got $400 million. we will kick it back up on this one. i don't need to point out by but i. it will is fun to say. they went bell ily up. we -- belly up. we laid out the losers the administration obama picked and we are looking for the

winners because they talk about how successful they are. we found one. just one. tesla received $465 million. to build electric cars and doing well. announcing it will repair the mup five years ahead of schedule. they were founded in 2003. but we're opts. tesla says it will turn profit this quarter so we put it to winner's side. it recorded $75 million loss. we're not sure tesla is a winer yet. this was going to be blank if we didn't put tesla here. we need the company. so does the obama administration. the pesident, i do have to change one thing. winner.

winner and loser. president obama has been investing in the companys. it's clear why he went in to government work and was a community organizer, isn't it? this just wasn't going to be his career path. this was all, he said, an effort to create 5 million green jobs. i want you to bear with me here, because this will require a little leap of faith. leap of faith. bureau of labor statics was counting the job. 3.1 million jobs tallied. but they were counting things like bike repair shop clerk, hybrid bus drivers and those installing water-saving toilets. those were green jobs according to the federal designation. i would love to tell you how many more were created over the past year. the bureau of labor statistics stopped counting them. are you ready for this? nvenient huh?be igster.

> up nnting vidence of imminent missile launch of imminent missile launch from north korea raising this is $100,000. of imminent missile launch from north korea raising we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally.

aaah! aaaaah! theres a guy on the window! do something, dad! aaaah! aaaah! what is happening? they're rate suckers. their bad driving makes car insurance more expensive for the rest of us. good thing there's snapshot from progressive.

snap it in and get a discount based on your goodriving. stop paying for rate suckers. try snapshot free at progressive.com. >> lou: north korea telling all foreigners to evacuate south korea. claiming the two countries are on the verge of nuclear war. officials at the .s. embassy in seoul say staffers aren't going anywhere. earlier, the top navy commanderer in the pacific said the united states could shoot down a missile if north korea does launch one in the next few days. but only if ites ahtreat to u.s. interests. >> if the missile was in the defense of the homeland i would certainly recommend that action. if it was defense of our allies, i would recommend that action. >> my question is would you t we intercept a e intendtaet ist where

>> i would not recommend that. >> lou: joining us now, j jack k evenane, retired, four-star, army general, former vice chief of staff of the army. also fox news military analyst. jep, good to have you with us. >> good to be here, lou. >> lou: admiral locklear there went on to say more. if i may for the audience's benefit, let's hear if you will the rest of what -- well, i'm told we don't have the rest of the sound. we'll be satisfied with what we have. he goes on to say he would not launch that missile or intercept that missile if it weren't clear that it was being launched against one of our allies or clear it was launched against our interest, as he put it. do you agree with the admiral? >> i agree that we should only shoot the missile -- we should only defend ourselves and shoot the missile down if it was targeted on something. but if there was any doubt about it, i certainly would shoot it.

let'face it. we have to be careful here. at the same time, demonstrate resolve to our allies in the region. everybody is concerned about a miscalculation. anything that would escalate the activities and force kim jong un to take another provocative step is something we don't want to do. >> the rhetoric, everyone i has spoken with, says the level of rhetoric of the context fa that was do gent between south and north korea and the united states. do you perceive what interest kim jong un is pursuing or what his strategy? >> guest: we really don't know. it's such a closed regime. we tonight have access to what the thinking is. he is surrounded by much more senior people than that. clearly there is some kind of strategy. the only thing we can do is look at the patter from the past and let it inform us. what they have done in the past is they have used strident rhetoric like they

are using now, but this is worse, provocative acts to gain attention and get concession from south korea and the united states. that has been by an large successful throughout the many texas. >> lou: right. >> that is one of the things that has takep place here. other thing he is frustrated as a new leader trying to prove his streng and capabilities to his own people by the u.s. -led, u.n.-imposed sanctions that china and russia both supported. i think that really got to him and it helped trigger some of this. >> lou: we have the second infantry division stationed between seoul and the dmz. almost 30,000 troops there. is the presence of the troops, is it constraining against kim jong un? or is it, is it a problem for u.s. militaryea? >> guest: well, we have been theres nce we siped t we're defend

south korea io n frat ifmission is. are shoulder to ulder h the south reans by te wawy, o have a capable military force. they number by the millions. they have tens of thousands of artillery pieces within 25 miles of seoul. it would be devastating for a city of 10 million people if they fired on him. we are there without any doubt so he understands if he took that sthe would lose his regime. the united states would ensure that. that is what we're there for. >> what the doctrine if there is one that can be easily synopsized says that says the any leader if you fire the artillery which would be devastating effect on south korea and the seoul and environ that will be the result? do we have a doctrine that says instead of there would be assured destruction?

for north korea if they were to carry out such an attack? >> our plans here are solid. they get updated continuously, because we have capability improvement. but make no mistake about it, we would be all in with the air power and the land forces. ewith would counter by invading north korea. we would go to the jugular as quickly as we can. with air power, where the seat of power is and systematically take the regime down once and for all. if the invation it would take police and encouner the invation first and simultaneously while we are doing that, we'd gawk up on him in terms of the commander and central system, artillery and logistical infrastructure and take regime down. >> lou: are you still confident a conflict can be avoided? >> guest: yeah, i am. as i said went to know for sure but i think he will probably fire a missile. and i suspect the exercises are about to end at theend of month. that should bring the chanter

to a close. and we'll wait for the next chapter, because there will be another chapter. >> lou: general jack keane great to talk to you. guest guest good talking to you, lou. good seeing you. >> lou: up next, states like com, new york, connecticut further the assault on the second amendment. the head of the nra wayne lapierre tells us whether the constitution will prevail. next.

>> lou: the prime sponsor of the federal ban on high capacity magazines reveals a shocking lock of understanding about both the issue and funs themselves. congresswoman dejutz at a denver forum answering a question on how limiting the number of rounds a magazines would help reduce violence. and this is her incredible answer. >> there are bullets so the people who have those now, they are going to shoot them. and so, if you ban them in the future, the number of the

high-capacity magazines is going to decrease dramatically over time. because the bullets will have been shot and there won't be lou: if you understood one wit of that you are amazing. of course; magazines can be reloaded and reused hundreds of time, sometimes thousands of times. a spokeswoman said for the congresswoman she misspoke and was referring in actuality to clips. but, of course, the congresswoman spokesperson was also misspeaking because clips have nothing to do with it, although distinct and different from magazines, of course. the legislation limits the number of rounds that a magazine holds. it ends there. joining us now, is a man who knows all about magazines and clips and -- and including, of course, representatives in the house of representatives. such as the illustrious congresswoman, wayne lapierre. the head man at the national

rifle association. good to have you with us. >> guest: gooo be with you. >> lou: i have to ask you, what did you think of that unintelligible crazy answer? >> guest: well, lou, another example of so many people in this debate, the politicians, like that congresswoman, whether it's president obama, michael bloomberg. they simply don't know what they are talking about. the congresswoman as you pointed out didn't know the difference etween magazines and ammunition. the fact that magazines hold am anything. when you -- ammunition. when you run out of ammunition, you can reload the magazine. she had no idea. the president was out there today, blurring the division tink between fully awe mattics and semi-automatics. it's unbelievable. >> lou: the president saying that the shooter in newtown is a used a fully automatic -- he went to the trouble not just saying automatic weapon butpon. but it was nothing of the kind. connecticut, passing -- what

is now the strongest anti-fun legislation in the country. first your reaction to that. secondly, do you think it will hold up? >> well, what they don't understand, or could care less about or seem to not understand the point is that gun control doesn't work because its requires the criminal's cooperation. doing in connecticut is lining up the good guys. making lawbooks thicker. putting massive paperwork and regulation and diversion of the police resource on the honest people, when the drug bangs and the evil people and the criminal, they could care less if connecticut passed that law. >> lou: you know, this law also calling for effectively registering -- registration of various forums, there seems to be for no. acknowledgment anywhere in the public debate that cap da tried recommend centering guns, long guns, rifles, shotguns in canada for

almost 15 years. spent about just short of $3 billion in the period of time. ended it. ended the registry because it didn't work. it was way too expensive. we've got ten times as many peoples as the canadians. so what in world are people thinking about? >> guest: well, i mean, they're not. i mean it's mindless attempt keep attacking the second amendment. not have an honest conversation what about works. who all this ends up applying to is you and me. we end up the law abiding people having to deal with all of it. i have seen the pattern before, though. they don't enforce the existing gun laws. testifying criminals are doing is illegal. they pass another gun lw and tell people they have done something but they have done nothing. hon't do is what works. which is put armed surity, police officers, certie security many ce the federal gun lawstem. onhe bgaidrug

dealer, gangs criminals. start makingameric s >> lou: when lapierre says to start enforcing the law, the three worst jurisdiction the country to failing ofto prosecute felons and criminals for the attempt and many cases the purchase of guns illegally of 15,000. they prosecuted 44 of those cases in the country under this administration. this attorney general. successful of only 13 prosecutions, chicago, los angeles and new york are three worst. chicago the worst of all in failure to prosecute the crim crimes. >> they aught to hold up signs

saying, "90." in 90 of the jurisdictions -- in the worst place, chicago is 90 out of 90. dead last. you have can't be the president or vice president or attorney general and have the responsibility of enforcing the federal gun laws and not bear some responsibility for what is going mon the city when you simply don't enforce the law against drug dealers, gaps and fe lops -- gangs and felons. the case the president is talking about the poor girl that was killed in for tin august ration, what he doesn't mention -- for the inauguration and what he doesn't mention is the gap member was pucked up on a gun charm and put out on probation, rearrested three times for break-ins and trespassing. left on the streets. there was no federal prosecution at all. that goes on day after day in chicago. the media won't call the president out on it. they have no interest in it. it's the only way we are going to make people safe. then they come up with some lame excuse saying well,

they're prosecuting at the local level in chicago. everybody knows that is a joke. they're not. >> lou: we know better. we know whatever they're doing it's not workingch we want the give credit for last month. we did get a report that there was a declean of 42% in violence, in violent crime in chicago. so, they can't explain it. i don't care what the answer is. congratulations to chicago for that improvement. may it continue throughout, well, for the duration. wayne lapierre. we thank you for being with us. i want to talk more about the shield proposal to make sure the students are safe but you yours is the proposal on the table now before congress. before god and the world to protect our children. it is, i think, something the nra should be proud ofs the fact that you and the leaders of the nra are the only peole ta p program specificdeta about how tt

oun and our publi hools. wayne lapierre, thank you for being here. >> thank you. >> big hits, big money, the n.f.l. facing former players in court. [ male announcer ] how can power conmption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.

>> lou: another shocking turn in the jodi arias murder trial. system centering on a so-called manifesto written by arias in prison. prosecutors maintain she wrote the mon fes toe dock me and wanted copies printed in case she became famous,." prosecutors also referring to arias signing or autophotographing copies of that manifesto. the prosecution is using this to challenge testimony from a domestic violence expert maintaining that arias suffers

from low self-esteem. hearings underway today in a philadelphia federal court discussing and assessing concussion risks for n.f.l. players. at issue now, more than 200 lawsuits that represent more than 4,000 former players who accuse the n.f.l. of, "deliberately and fraud leaptly concealing the dangers of head trauma." this could cost the league billions of dollars in damages. players are also seeking treatment for neurological injury sustained in their careers. the n.f.l. is trying to hand the lawsuits dis -- have lawsuits dismissed to main tain that the n.f.l. collective bargaining agreement prohibit former players from pursuing their claims in court. joining me now, lisa wheel, attorney and former prosecution, faith jenkin. let's start with the obviously, what is going on with the n.f.l. which is veeving remarkably, i think, little attention. >> for a big case.

>> lou: this case could, i mean, it could -- give us your thoughts on what is going on. >> it could change the game forever. today, judge brody heard arguments. she is trying to decide what will happen here. will it go to arbitration? or do i have jurisdiction to hear the case in federal court? the entire reason for having a collective bargaining agreement is for claims like this, so that the courts can stay out of the affairs of the n.f.l., which is what they prefer to do. >> it's not only just change the game. i would change nature of collective bar gappings agreement if you take it out of that realm. even though there is collective bargaining agreement, i will take it to trial. collective bar gapping agreement allows them to say we can go to arbitration. >> lou: there is the implication if not the assertion by the players in the lawsuits thathe f.l. was actually fraudulent in its representon. that which they ignore in

danger and risk to the players. of cleck tiff bargaining andt moving it -- collective bargaining and move it to trial? >> it might if you get in a criminal realm talking about fraud. it could especially be a rico statute thing. >> racketeering. >> exactly. it would be. that is, real stretch. i'm creative in imagining here but it is possible you could say prosecutor could say look, they knew about it and did fog about it and meanwhile people were hurt. >> they concealed it. they say not only did they know about it but the committee that the n.f.l. formed con saleed the science behind head injuries. >> a father's pistol lie sense was pulled after his son 10 years old was suspended at school for making a water gun threat. >> no, no. talking about the water gun. we don't know if water gun is there. 10-year-old is suspended. then the police come in and suspend the father's pistol

lie sense that had nothing to do with the kid. adjudicating this is separate. zero tolerance policy. we have seen it before. >> lou: zero tolerance mean? that you suspend your intellect, your judgment? >> in some cases it appears that is what is happening. it means that anytime that there is a reference to a gun, weapon, violence in school, it is zero tolerance and kids are suspended -- >> lou: you are talking about a 10-year-old. >> for going bang-bang with a finger. biting a pop tart to make it look like a gun. a gible suspended because she has a hello kitty bubble gun. >> lou: we have reached a point to examine the schools. educators are the closeest in proximity to role models for the kids. we have educators, administrators and teaches acting like bafoons. >> lou, i don't have an issue with suspending the student for a day or so. >> lou: really? >> i don't know -- the school has not released an official

statement about the facts about what happened. i think that something perhaps was said that was inappropriate. i think -- >> lou: what was said? what could be said by a 10-year-old? >> something in reference to going home and get a gun, that's very serious. >> water gun. >> not sure. not sure. that is what we heard from the family. >> lou: let's go to another case that i finds anating. jodi arias. a manifesto in case she is famous. >> signing nil prison. >> lou: now they decide it's a problem for the argument that she has low self-teem. >> she is so fragile. and has such a low and she was such a victim. you know, despite the fact -- >> she has a manifesto. >> she does have a manifesto, because she wanted her i.q. tested because as is sihis.tein. defense witness,ou.

you got t loev this. self-esdrea esteem problems the. >> lou: it must be helpful to have the i.q. writing manifesto in prison. >> this is something if you're a defense lawyer you never want to come out. >> lou: $2 million on this case. >> but the prosecution put their case together in two weeks, presented it. the defense is dragging this out. >> lou: you get paid by the hour, don't kid me. >> i'm double billing. >> lou: good to have you. innovator and politico dynamo. a few words used to describe the founder and the leader of fox news. now a new biography, ronaler now a new biography, ronaler ailes off camera, authors zeb are you still sleeping? just wanted to check and make sure that we were on schedule.

the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.

gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why phase...

>> lou: roger ailes off ca faing new ook about the president oox news andouo resenobamance called the most powerful man

in ameri. we agree withsipnt obama on this. uncharacteristically. joining me now author. great to have you here. >> good to be here. >> lou: congratulations on the book. >> thank you. >> lou: i want to start with calling roger aileshes the most powerful man in america, how close to true is it? >> guest: well, you know, this came up with when roger went to the white house. to the christmas party. he was in the reception line. the day before somebody else he got to president and he said the most power mavel in in america -- powerful man in america. and ronaler said i stirred that b.s. up myself. >> lou: which he might well have done. >> probably did. >> lou: also characteristic of roger to deflect and be self-deprecating.

i have had privilege of working long time in business and there is no more feared executive in television news. i would say in television period. in the news media than roger ailes. he is feared and respected give us a sense of the character he reveals as you taken to biography. >> i spent close to a year with him. in meeting and traveling and i was surprised how down to earth he is. a guy from a small town in ohio. he is sophisticated at the center of the american politics and the nixon administration and center of the media. attitude of small town america that i relate to because i grew up in a town like his. pontiac michigan.

that is how we talk back then. >> between the two of you, which is the sophisticate, then? >> i can ask you that coming from a up to from idaho. >> both roger and i consider rupert idaho the shticks. >> lou: one thing we refer to idaho adds the cultural wasteland. >> you went to an ivy league school. >> lou: don't remind anybody. you have been around highly successful, amazing personalities. ray romers, his intellect and his wit. i have never seen anyone smartest man in busness. i my boss. but he is. he si extraordinary. >> he has done extraordinary things no question about that. fox news is his accomplis ntcomplish before that, cnbc.

before that advisor to three presidents. >> what became msnbc. >> before that, he was a le jep dare boy, producer. hard to argue with the succes success. however else you look at him. he succeeded at everything he tried. >> lou: and the idea he has a wit referring to the fellow who runs nsnbc. i saw up with light this week. the wit is razor sharp and can encapsulate stories suck cinctly, referring to -- succinctly, referring to a man successful because he was in another man's wedding party. that is convincing an damning you can be. >> yeah. you get one-liners from roger, sometimes. self-deprecating and others are disparaging. usually you survive. >> lou: we thank you for being here. the bok is ronaler ailes.

"off camera. " the author, we thank you for being here. come back. >> thank you. the sperm tax. [laughter] >> the clock is ticking. taxes are due but most americans now pay someone else to do that because the rules are so complex. >> i have an accountant. >> you don't want to do it yourself. >> i have no idea and i promise this is true. >> he does my taxes. i don't want to pay him but i have to because i understand the rules. i bet you don't either. tonight we will test to. >> one state offers a $50 tax credit for losing both arms. >> that shows how crazy