all right, i want to thank you all very much, we'll keep following this. we will get word on scandals, particularly san diego, by tomorrow at this time, see you then.m gerri willis. tonight onthe willis report" social security disability payments skyrocking. the entitlement program is bro the new report says most people getting a federalisability check are fully capab of working. also, the obama administration is frustrated with the rate of economic growth. and new fakes. just change how we measure the econy. >> cut our deficits by nearly half since i took offe. gerri: the inside scoop on the woman who sued h credit reporting bureau and $118 million. the case could be a big win for all of us. we're watching out for you tonight on "the willis report." ♪

our top story tonight, millions of people choosing to stay on federal disability benefits, even though they are fully able work. now, that is according to a blockbuster story today in the washington examiner. the news comess the social security administration publishes the latest figures on the number of americans drawing disability checks. more tha76,000 workers wwnt on disability just this month being the total this year alone to 534,000 altogether a record 11 million people trying a federal disability check. but clearly some of them should not be. with us now an investigative reporter for the washington examinerho uncovered these new numbers and will tell us about th rig now. thank you for coming on the show. how did you find these numbers?

tell me some of these surprising facts. >> in 2009 the feral government was making a push to get some of these people of the disability rolls and get them back to work. they did a a survey. they found that they did not have any. you ask these people why they are on disabily and a lot of them said it is also much that i am disabled but i can't find a job. so then the next question to ask is, what have you done to find a job. and virtually none of them said that they had contacted employers, eleed job ads are done anything. the other thing, okay. you're disled. have you been to a doctor? viually none of them had visited a doctor. very few have ever undergone a medil procedure. him. gerri: let mshow our viewers some o the numbers behind the research. there are two kinds of people on disability, those who are workers and those who have ner worked, and a lot of the lawsuit have never worked awful disabled, some having real

problems take a look at 71 percent of those who have worked say returning to work is not a gold. 60 percent of non worke say returning to work is not a goal. thes are extremely high numbers. this seems tme to be a way of life. what do u say? >> it is. and unlike other entitment programs like welfare, there is no time limit. you look at these people who have not paid and, of them have never worked a d in their life. on food stamps, medicare, medicaid to all of which can help cover expenses, but they arnot on wfare because they're is a five-year time limit, which is exactly the reason why we're seeing some o the growth in this program. gerri: unbelievable. another startling fact your research. 72 percent of these recipients started back-en of the tab. so they're getting the federal benefit, many of them, the majority of them. also getting paid. this is really a scheme.

it's a scam. >> well, there is an incentive to take part-time jobs or you can get paid over the table. working enough hours that y don't cross the limit where you become eligible. these people working. i talked to people who say that they intentionally limit the amount of work that they do so that they can continue to collect thisheck. >> i know from your research what you found is a lot of people don't want to go back to work because they will have no health care. of course that will be true down the pike because of obamacare. this seems that this is an easy wa out for a lot of peopl what does it do to a program thats really broke anyway. >> well, everyone who is on this program because th don't want to work disarming people who really needed which honestly looks le it is pretty smal component of the program. but, you know, it is not intended to be an unemployment program, which is exactly what it has become bad.

the determination and hinges on whether you'reble to gn a job as your health condition. so if you are overweight in have mobility program to the problems now, you are not disabled because you can sit at a desk. whereas some what they consult this book that has not been revised in decades. looks of the availability of jobs for people without college degrees and a high-school degrees and 43% of the ssi recipients don't even have that ged. the only thing you can do is work in a factory. you're not in top shape your disabled. gerri: a very broad definition. the numrs of disturbing, and seeing more and more people on government benefit. a lot of taxpayers out there say it has to be a different way. thank you for coming on. >> thank you for having. gerri: when it comes to our economy, sizes a big deal. uncle sam unveiling a new lculation to makake our economy

hundreds of billions of dollars bigger. but is it just a big fat l? joining me now, former adviser to reagan and founder and chairman. welcom back to thehow. always good to hav you. >> wonrful to be here. thank you. gerri: i read this story about the revision to gdp. massive ongoing years a years and years going back. you say not that big a deal. >> i don't think it's a big deal. it is an academic exercise. they do it every four or five years. they go back and revise it and tried to give more data. they also tried to use better ncepts. then they have done a pretty good job historically. on the with the revisions will behis time. very straitforward. gerri: 400 billion. i mean, that me ask question. the me ask the question this way. every time they have a revision whether it is the gdp horto the jo numbers, it always makes things look better.

but. >> the jobs numbers and not going to comment on. by the way, your last interview wasood. gerri: playing into this whole conversation. americans are not working. the unemployment checks and disability >> i don't underand that the attention paid to the revisions to gdp to be honest. it will raise gdp. it is that goi to change the growth rate. won't change what actually was. one change the fact that the last ter i office in obama's first german office were abysmal and ruined the country. it is not going to change any of that. we all know it is a really terrible -- gerri: the devil is in the details. look at what they are doing, and this seems to be cheating. spending will become a part of gdp en though not every product you research bomes a blockbuster.

and then money snt on our. that is part of gdp. maybe you should count empty toothpaste containers. >> you're not old enough. at think music and stuff like that, photography. it's all garbage. if they like the beatles, the like michael jackson. all they're doing is capitalizing those instead of saying they are inexpensive. what they're doing, you have a housing expense, and transport costs. instead of making that and express their will included in the value of a home. by the way, there is one really good one that you will love. they're going to the unfunded liabilities of penon funds for defined benefit plans. and that is for good. gerri: you like that? >> i like the revision.n. it shows the unfunded liabilitieand the real problem if we have really understood all of this we would not have

detroit. >> it shouldn't. at is exactly what it is. they capitalize that. these people recognize the unfunded liability. talk to jerry brown about that. governor quinn. gerri: every governor of every state there is. let me tell youhat i'meall worried about. >> except tennessee. gerri: good point. >> thank you. here i what i am really worried about. ms. making. no, it's fantastic. all this hard and all t stuff we are researching. at the same time i think a slower times are around the corner. grow and earnings, not great. lots of thingon the downtrend. housing may be onar, but it s a lot to do with invento

the fundamentals of the market. >> exactly. what you're saying is exactly. this is not a good economy. ion't care what numbers that put in there. this is a terrible economy. has bn terrible for a long time. we lt a group of overpopulation that has not had a job in seven, eight, nine years. we ought -- you are exactly right. the second worst receson. it should be the fastest. it's not. is because of the obama policies stimulus. gerrrri: can you remember when u come out of recession and you have 5 p percent growth? >> i remember only had 89 percent. gerr those were the days. not counting our indian gdp. comen. >> the good days a going to come

back. promisee it. gerri: i love that. at love your optimism give the glass half full been known death -- the data. log on to gerriwillis.com. vote on the right inside of the screen. itill shed a result of the end of t show. still ahe tonight, congress does not want obamacare. we will be speaking to a senator about that next. more great news o housing. why some people think you would be better off renting. that question and a lot more coming up. ♪ with the sparkiles card from capal one, bjorn earns unlimited rewas for his small business

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gerri: the passed obamacare now they don't want it. getting nervous when lawmakers and staff have to go on obamacare insurance exchanges, especially since it is uncle whether there will have to pay and a pocket for a hefty premium with more republica senator chuck grassley of iowa. welcome back to the show. good to see you again. this was your idea and now everyone is mad. what is going on? >> i suppose everyone is mad because quite frankly they

believe that we ought to be covered by different insurance them what the rest of the country is covered by. i have been involved over my career in the c congress of givg a lot of laws that congress has exempted itsf room so that we are coved by them and covered by those laws now and lately obamacare came up. my constituents said to me, well, if it is good enough for you why isn't it's good enoh for you? so i got this amendment adopted. you want to remember, my amendment was compromised in the secrecy of rees office when he was doing other things to the bill after they came out of committee. i had all of the congressmen and all of the staff of congressman on the hill covered while he- he eliminate from that amendment of mine staff. so it is about 80%. gerri: i understand that.

the big guy is safe and does not have to live under the terms of law let the rest of us. it isnclear what will happen. the rule is being written in washington somewhere. what do you thnk the resolion of this thing will be? do you think -- do you think these people will find a way out from under this? there are looking hard. >> i d't -- i thinkt is going to be difficult. the way the law is written. i think that it will be that people have to go to the exchange. people on capitol hill will have to go to the exchange, just like everyone else. but whonows. there could be some way, and i have had -- i have heard of some conversations of people trying to get out from under it. at think it is -- gerri: unbelievable. they have no shame. pass a law, don't read it, don't want to live under the terms. i want to cnge the topic to something that is close to your heart. the pay for delay legislation

that you have beenntroducing. essentially simply about brandon pharmaceutical companies paying generic rivals to the delay the introducti of generic drugs that will compete with their own drugs in the marketplace. you know, you don't want to see these pay for delays. it could save consumers some format billion dollars. what is the status? do you have a chance? fixing this problem for consumers. >> of course it is difficult to take on big farm on the hill here. they have a lot of support. i think there is a principle here that isretty sound that is in our favor. that is, y have a 20 year -- a 20 year -- i forgive what you call it. at 20 years exclusivity lease. this extends so you get continued higher prices. a patent is what i am thinking

of so when a patent runs out it ought to run out. by extending the patent with these pay for delay been you are keeping consumer costs of. en the federeral government pays for a prescription drug obviously it keeps the taxpayers' costs higher than should be. we are trying to be pro-consumer , pro-competitive, let the law and do what the law says, encourage innovation by the patent. when the patent is done it ought to be done. you should not have subterfuge to keep itoing. we had a good supreme court case that said this might b a violation of antitrust laws. it g remanded back to the courts to make that decision. so we want to give this legislation so that there is no doubt that when a patent is up it is up in the price up to get generic in the price go down. gerri: to remind ople out there, of 85% mor than generic.

you're saving money for consumers if you're successful. we appreciate you coming on. thk you forour time. >> inky very much. gerri: coming up, housing is hot, but how do you make a lowball bid on a house and still get the deal? inside information. credit reporting bureaus are about -- are treating americans with more respect a professionalism. one of the people to think will be here. stay with us. ♪ ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track.

get the mercedes-bz you've been burning for at the summ event, going on now at your thorized mercedes-bz dealer. but hurry, fers end july 31st. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving thi communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for siness. one bucket of data for everyone on the plan, unlimited talk and text on smart phohones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪

at&t mobile share for business. a quarter million tweeters musicare tweeting.eamed. and 900 million dollars are changing hands online. at's why the internet needs a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's te to build a better enterprise. together. gerri: home bidding wars are erupting across the country, and it is up to you to play your rds right.

gerri: the housing market is heating up. prices surging across the ccuntry. posting some of the songest gains in more than seven years. sellers are happy, but higher prices are putng buyers in a pinch. it is hard to do. joining meith tips to low balling the seller and winning. promising a lot. >> you are. >> personal finance. lessalk about if you're ting buy right now. you are up against a lot. >> you are. whether or not they will take your lowball offer depends on how motated you are. you have to know what the motivations behind. do research. are they getting divorced, desperate to sell, to homes, trying to unload this. there are clues that you must lo for theto understand. also, how long as the house spin on the market. sitting there in definitely e seller would be more motivated to entertain a low offer.

they don't want to go into the holiday season withhis house singing over them. th would rather unloaded now. a lot of research. that goes without saying. gerri: fight for a square foot. >> a little homewk on your end and then make an offer that is not going to offend them and presented in a way that is not going to offend them. gerri: if you wan toowball the best way is toake an all cash bid. that is the obvious way. with cash. >> ready to go. gerri: that's right. >> serious. you have the cash. no contingency. you can close and a couple of weeks. make it clean and reasonable. don't make it offensive. in some markets it won't happen. you mentioned the competitive market. in some markets it is not that good. gerri: you have the opportunity and can look fo tiny clues. other boats in the closet or is it just one of them. these people are divorcing in

need to unload. it is not nice. >> and also what is happening is buyers are contacting sellers directly. knockingn their door. contracts on direct contracts, up 132%ear in 20 percent of those who sold their home did so because the buyer went up and approach them directly and give them a sort of song and dance as to why they wanted to butheir house. with a poker face. gerri: california, people would write letters like my children want to live i your home. >> and in some cases that my work. gerri: whenever you need to do if you really want to buy the house. but that brings me to myext pic. is a big conversation right now. a coue of stories published recently slamming home ownership. the financial times saying the cult of home ownership is dangerous in damaging. to the cult of home ownership. what do you think of this?

do you buy or rent? >> arguing against home ownership is absurd. i am buying. youre for buying. and in most major markets buying makes better financial sense than renting. i mean, there was an analysis done and the 60 percent of the market zukor break-even, and then some less than two. phoenix, miami. gerri: growth areas. i want to pay myself. i don't want to pay -- >> right. some people would prefer to rent . transients, bouncing from one job to theext adjustability and would rather just deal with the landlord directly hen have the hassles of homeownership. it boils down to being a personal decisions. the time frame, the horizon. a lot of things. gerri: a lot of peoe make of the basis of that more is adduction pitbull the thing that will have a big impact?

>> some people want to buy and make it a plan to end of the pele just bounce around. gei: well, thank you so much. i am on your side. we have -- weo h a consensus. the blonde consensus. thank you. >> thank you. gerri: time for a look at the stories you're clickingn tonight. a new survey says consumers are sick and tired of bank fees and threatening to walk. consumers could gain 230 billion in deposits kaj 18 billion of which would come from citibank which was e of the worst of the offenders. more consolidation in the health care industry. community heah and science health management. hospital operators are merging prompted by the affordab care act. the market is waiting for the final outcome of the federal reserve policy meeting. pected to further clarify its interest rates and when it will start scaling bac the economic stimulus program.

rysler is having a good summer strong demand for pickup trucks boosted earnings. also high hopes for the new jeep grand cherokee due in showrooms in the fall. some of the hot stories right now on foxbusiness.com. we have more. an oregon woman with a huge victory for consumeverywhere we will take you inside this important case. another big ent to our wall of shame. how do you charge a thousand dollars for something th is only worth $12. this company apparently did. all that coming up. ♪

gerri: well a big win for the consumer and proof that the little guy can do well in a court of law ainst corporate america, julie miller from oregon asked equifax to fix a

major mistake on her credit report, they gave her the run around, she took them to federal court, and won $ 18.6 million. with us, baxter who represented her. welcome, great to have you here, justin, i start with you, a large verdict for this case. how diddy this come to award all this money? this is amazing toe. >> the verdict was 2% of equifax's net worth, jy was trying to send a message that woul reach the board o directors, and ceo. and the investors. gerri: amazing, now, john, you and i have talked a number of times over years about number of mistakes in the credit reports, the credit reports that are essential for getting bank loans and a house, kids to college.

now 10 to 21% of credit reports contain some kd of error, is that right or shod it be higher? >> credit report is also esntial in getting a job, 10 to 21% of consumers have some forth of error on their report, the ran because definition of error was variable. that seems to be the most reasonable figure of the three generally recognize credit file accuracy studies. a group said less than 1% contained errors, no one believed that and another one said 80ers, no one believed that, 10 to 21% consumer, not credit report, you take that number, multiply by 3 cdit reports it gets large. gerri: a lot mistakes. justin, how did she find out about this error?

was it one error or multiple? equestion fax -- equestion equestion x, merged her file with another person, with a different social security number, and different name, and she has good credit the other person does not. she was unqualified for a loa because of dens o bad credit reports. gerri: this is too common. >> mr. boxe baxte is referring o what we have a mixed report, when they are happen, they are difficult toet corrected because of the merging or surge logic that bureaus use to place information on the credit report

this undercores importance for everne to raise your hand, say i'm going to check my report, if i find something wrong with it, i am filin a dispute wit the agents out th put them on noticf they choose not to correct it, there are people like mr. baxter out there who will put the hammer down. gerri: julie tried to get the company to change her report. i understand she tried eight times, what of there response? >> -- what was their response. >> each timshe would ctact equifax, he would call and write, and get fm letters back, saying send us more proof of your identity. and she would respond, sending in over course of two years copies of her driver license, w-2 statement, her utility

bis. and she was inhis echo chamber, she would send it i get another form letter saying send more proof. gerri: john, i want to say we tried to contact equifax to get a response, we have heard nothing yet. maybe we will later. >> surprise. gerri: i am not -- i am not that surprised. but we want to give them a hearing, if they want to come on show and talk about this, i'm happy to hear when they say. but reality from reporting that i've seen that the kinds of people who are listening to the complaints are all over the world. idea they understand what is gog to here with consumer credit work the way credit is doled out, probably not? >> yeah, the reporting agencies receive tens of thousands of consumer dispus every day, not every month or year but every day. so, their effort to to try to

automate the process quickly. it works a large majority of the time, but things do fall through the crack, we're talking about human beingshose lives can be devastated ruined. spend time, and money to get it corrected. i guarantee, you asked about credit file action advice study accuracy study, i guarantee. the consumer with the error, does not care, 100% of their credit respect reports contain . gerri: thank you for coming on. 18.6 million, thk you. >> thank you. >> you bet >> thank you. gerri: so we're going to extend the idea, some of the biggest mistakes that credit bureaus make is so night's top 5 outdated credit history, iin.number 4 outdated personal

information, credit reports contain simple errors like a wrong address or incorrect social security number, check those. number credit score, incorrectly reported too low, it is so important to your financial health, too often credit bureaus get it wrong. and identity theft, information on your credit report is a is not yours, check your report once a year, one in five americans neverheck it. and lastly, incorrect balances on credit card accounts, they are used to determine creditworthiness. make sure they are right. that is tonight's top 5. we have more coming up, some people still consider them the best investment in america, munibonds, but should you touch them aft detroit's meltdown? stay with us.

gerri: if you are munibond investor, and watching deet's bankruptcy -- detroit's bankruptcy thinking twice about the muni bond, here is rick to help us. >> detroit said it is okay to stick it to your muni bond owners, state mun is palties never would have done that in the past but they will now because they realizehere is no penalty. gerri: is this going to catch on like wildfire? stockton, and every other california city, and chicago. >> why not? there is no negative implication here. there is no down side to the municipality. loumunicipality. gerri: muni bon had trouble but no carnage yet. >> not yet, you will see a sea

chge, we'll see, the state and local governments stick it to investors, saying, if you really want us to pay you what we owe you, you have to negotiate the terms. gerri: i hate to see that happen, the people largely are retire. >> and voters, they are local retirees, these days, they say, now a bond fund that is owner of this not an individual localres. we'll see problem in the muni bond market that is why we don't like them. gerri: stay away, none of them? >> we don't see you are getting compensated for risks associated with them, so why bother. gerri: you talk about people chasing yield, younow retirees, people close to retirement. what are people doing. >> retirees want income and safely. they look at their bank cd that are paying -- >> nothing, i think you are paying the bank at this point.

>> probably and retirees saying, i'm spending money onpend pal else, a condition keep it up i'm going broke. mark twain said it best, an oil well is a hole n the ground with a liar on top. then 91 trade the reits, you put your money in wait 7 to 10 years to get your money back, hoping you get income on the way, the deals have been inmous for blowi up a lot of inveigation by investigators, stay away from free lunch and free dinner seminars wherehe product are touted. gerri: i buy what y say, don't invest inn this, but we're doing it? >> it is called diversification. theres no place to hide -- i te being a brrken record. gerri: you are. what about yie? don't say cd. >> high today paying stock --

high dividend paying stocks, a diversified portfolio, you can generate income you want, without taking the risk that is usually associated with it. gerri: i like that idea. it makes sense, any other worries of wisdom for people who own treasuries in bond market. >> shorter term maturity. go 3, 5, 7 year, that will give you the protection incase interest rates begin to rise again. >> thank you, rick, great to have you on set. >> thank you. gerri: well, that bringss to wall of shame. pmorgan chase settling with federal government over charges it manipulated electricity market in midwest and california, bank did not admit wrong doing but agreed to pay record $410 million fine to make the charges go away. th is a drop in the buck for the joerg versio j.p. morgan wh0

billion a year. they said j.p. morgan usedde its we duped california electricity officials in to paying$999 for a grid the going rate is 12 buck bucks. on to our wall of shame, we pit jpmorgan chase, for settling allegation it rged electricity, market in the midwest and california. there they are. wall of shame. coming up, your home is full of hidden dangers, t statistics willhock, that you is next. ♪

♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get f the test track. get the mercedes-benz you've been burning for at the summer event, going on w at your authorizeded mercedes-benz dealer. but hurry, offers end july 31st. going on w at your authorizeded mercedes-benz dealer. a quarter million tweeters sic iare tweeting. and 900 llion dollars are chging hands online. th why the internet needs a new kind of server. one that's 8 smaller. uses 89% ls energy. d costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's timto build a br enterprise. together.

gerri: surprising dangers in your home, how to fix

rri: how do you do that? we're looking into hidden dangers in your home, the statistics will shock you, joining me now to hazard proof your home. tom, author of book,y home, my money pit, your guide to every home improvement adventure. i trust you on this i know you know stuff that the rest of us don't, walk through them, start with microwave ocle ven fires -- oven fires. >> 1700 fires over 7 year

period. what happens circumstance the fi start and actually in some cases glass doors shatter. one consumer's case caused $18,000 in damage, "consumer reports," reported that, you should watch out, the digital displays, if you see anything that looks quirky, the numbers don look right. that could be an indication that the internal workers are starting to fail, if your oven comes on by itself it is a problem. the small appliance like that, throw it out get another one. gerri: clothe dryer fires, i know this is a big deal, i clean out my lint. >> it is not enough, the lint screen we clean it. but the lint gets past that lint

screen into the dryer exhaust duct, most folks thinks it gets pushed out no, you have to pick up a duct brush, a small brush. with a fiber glass rod, we run it through pull it back up. you would be amazed, and have modern venting wit metal. gerri: okay. so thing i'm worry about, built in 1933, wiring is old. >> yes, so with electrical wiring so many things that could go wrong, good news there is a new devicen market, i havene here, arc fault circuit interrupter. arc faults stop fires, this detects any arcing in the wire this will shut down the entire

circuit. cover not expensive. and one of these covers, really smart, new to the market. gerri: would i just put that in every plug? my house? >> just one per circuit. one circuit vehicle a dozen ut -- could he a dozen outlets. gerri: great idea, we have talked about mold, sometimes i think this issue i over played. is it? >> i don't think s. since 2004, cdc conneed mol with respiratoryt is distress in otherwise healthy people, make sure our house is dry. a leak should be corrected by the way, mold needs air and

isture,ou can use a commercial product or bleach and water. gerri: lov the old bleach and water. i think a lot of people think you know that mold grows secretly, but you can smell it. >> yes, some people can smell it. i don't know personally that i could say i have smelled it. we smell moisture and humity in the area, one thing you never want to do is put carpet inhe basement that like throwing red meat to lions when it comes to mold. gerri: talk about garage doors. it can be a tool of dist destruction. >>0,000 injuries a yea because of the garage door. you nee to make sure if your door opener is older, replace

it. take a 2 by 4,ay it in the door, and close it, if it strikes it and comes back up you are okay, if not it needs to be replaced. gerri: thank you, tom. >> my pleasure. gerri: good stuff. we'll be right back with my 2-cents more and my answer to question of the day, is the federal government manipates our economic data? stay with us. clients are always learning more to make their money do more. (ann) to help melan my next move, i take scottrade's free, in-branch seminars... plus, theilive webinars. i use day market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i n't trade like everybody.

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♪ gerri: earlier we discussed the government using econoc growth by changing rules for measuring gdp. what do you think? is the federalovernment manipulating economic data?

that is a question on rriwillis.com. 99 percent said they agree with me. 1 percent said no. be sure to log on to gerriiillis.com for our on-line question every weekday. finally, when it comes to renting or owning your own home we talked about it earlier. i am strictly on the side of ownership. some of the old adages still apply. i would rathe pay myself and the landlord. paying rent is like throwing awayour money. there is the mortgage deduction which is not nothing surf. most of the naysayers are eithe people who cannot put together a down payment or folks who are so loose that putting down roots is unthinkable. i like roots, growing equity, and the idea that the more easy today is going to look like cheap money in the coming years. in fact, a home or other real estate investment now could be a great head in a market bating the twin devils of inflation and higher interest rates. buying a house the right way with money down is a smart

financial move, and that is my "2 cents more." and that is it for tonight on "the willis report." thank you for joining as serious enough for it to record a show if y cannot t to us live. ve a great night. ♪ lou: good evening. thank you for being with us. president obama is preparing for a rare trip to capitol hill tomorrow. there he will usher senate and house democrats out of town for their summer recess. but it is becoming increasingly clear that this president desperately needs a vacatn of hiswn. a vacation that is still ten long days away. today president obama headed to manama's on distribution center in chattanooga, tennessee. there he delivered the speech of jobs, the economy, the, -- of lisbon and he is sequestered and the keystone pipeline. take a listen to this jim today