but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. neil: where wer you 50 years ago this very hour? at 8:00 p.m. eastern time in the body of john f. kennedy was in washington for an autopsy that would drag on for hours. but still ultimately lead more questions than answers think about where we were as a nation at this very moment coming half century ago. it might even lead to war. concerns that no one was safe and the reality that all innocence was off. fifty years ago this minute, a grieving jacqueline kennedy was being peppered with plans for a state funeral.

this night she would mention camelot being lost and a martyr was on. it was sadly all coming together at this hour on this day and that includes every major global leader converging on our nation's capital with a horse-drawn carriage that had plastered abraham lincoln with through the same streets. she waited to take her husband home one last time and a new era. the the reality of all this heading home this hour on this night for a country that would be fixated on nothing else these next few days. a friday night then as it is now. but as different as night and

day. that is why we are breaking to understand the brave from everything we knew 50 years ago tonight. better to see the man through the met and we begin with knew jack kennedy really was. not that clueless rate and tonight, jfk is the pragmatic politician that you might not know and he does some remarkable things. lessons and warnings for it the president then and now. that is what issthis what about john kennedy. how there was no predictable mold to jhn kennedy. that is what dined him in story and leaves us guessing in history. just ask a historian.

rick, this happened after the fact, but let's go back who he was, and i think one thing that comes through loud and clear is not easily labeled, not a conservative but very pragmatic. >> and these are terms the change with every generation. it is e one at wassupposed to be in the early 1960s and jfk as a politician, of course, always one of these terms to be flexible.

this includes jfk being a liberal in the classic mold. it has pretty much been debunked by historians if you look at his backing of the civil rights movement. he was kid of weak kneed the first couple of years and then offense finally pushed into it and he got more liberal on the issue. talking about his tax cut policy, which is whati think what you really want to talk about here is jfk who started out fairly conservative on tax cuts nd he was not a conservative when it came to government policy. so it is a mixed bag. >> he did go afr this industry and the irony, i will get into

this with my day in san fran david asman, the message that he was trying to convey. it was always about getting this united states offthe map that the russians were beating us in space, we had kind of lost our prestighe was concrned about that and it was a slowdown that wanted to bring us out of that but irnically with tax cuts and things that would be friendly to businesses, including cuts in investment. so had he lived, do you think ultimately -- butthse tax cuts did go into effect i did have the desired effect but they said that they would? would be a success more than lyndon johnson ultimately would? >> let's talk about this. because one of the things that's important to understand is whe he first comes into office, he is concerned about deficits as

are most americans and he was actually opposed to tax cuts and then he saysthat we need a tax cut to get this economy going. and eventually the revenues will start to inccease. >> at that time come about, that was actually considered part of keynesianism. you had me liberals who said that it's really all about spending. and jfk rejected that, he rejected what was favored, which

was let's have a lot of spending programs. neil: would he have gone along with lbj's plan and i. >> i am no so sure that he would have. because he was very concerned about how the impact of the deficits were going to be on the country. but he rejected the idea that we should have deficits define economic policy. because he sad that if we can get the economy going, and we will have much greater productivity and ultimately this will increase. and if you look at that, but he had put it into place, he did not just cut the marginal tax rates from 91% on the 70% for personal income taxes, he also cut corporate taxes and he also made it shorter that they close up a lot of loopholes and $3.5 billion in loopholes that actually raise revenue for the federal government

>> he was an advocate of the system. i want to ank you. that's a very good perspective. a lot of you might be watching thing that is what neil and rick are saying there's no way to jfk said that. but yes, he did. check this out. >> every doll lease from taxation will help create a new job. and these new jobs and salaries create other jobs and salaries and the created tax cuts. creating more jobs and more income across the board, top to bottom cuts in both corporate and personal income taxes. >> can you imagine any modern liberal state in agreement or president obama saying the agreement the thing is that he believed in growth for everybody. he did not believe in blaming one group against another, tting one group against

another. his famous phrase was a rising tide lifts all votes. the goal nowdays for the modern liberal and president obama is included in us, his income redistribution and that trumps the goal of growth for everybody. they are more interested in thi is not just saying a sameness, this is why friends of president kennedy like joseph also been others say that h didn't like liberals. he did not like liberals because he believed that liberals would sacrifice what is good for the entire cotry for the sake of their ideological omitment and ss does the wall street editorial page. bob bartley and milton friedman is to say that, it is very often a coporation. >> you ever wonder what he would think today of veterans that

provide $85 billion per month to keep the market goingnd the economy going? >> that's a go question. i don't think he would be in favor of it because he sees the reaction. neil: the things a ot easier for conservatives to say, we have 90 plus and he bris it down to 70 or whatever the

federal government wil ultimately end up with more revenue and that is the heart of tax cutting you a nice breeze. and that is what kennedy embraced and that's exactly the opposite view of the current administration. neil: thank you, david, than you so much. and would he endorse the big alth care law that is now a mess today? meet thebusiness ownerwho sas it's driving her to dink. >> obamacare h had negatively impacted us. i had no children or history of drug abuse. not yet.

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>> i received notice from blue cross blue shield in september that my health care plan was going to be canceled and it was going to be repled by one that had been chosen for me and i will never except for someone to make my health care choice for me. i have no children. i have no history of alcohol or drug abuse yet. okay rematch because this is driving me to drink. [laughter] neil: that was good. complaining about the health care law last week. theeceo joins me right now. an argument for the problems of this whole lot. so where are you now nd is there any improvement?

tht averages about 136%. for me and my gender, it' just under 200%. >> i said in my testimony that i think that every should have affordable health care. and there is a way to go about it. i don't tnk what you want to do is have the individuals that are here.

neil: so where do you think that we lay right now and are you'll like oths that we have had here, better something than nothing? >> and the government is actually chipping away at my freedom. my freedom to choose the health care services that i want, i just can't -- i cannot accept that. neil: so you wouldn't be eligible for the subsidies. those cut off for families, having even said that, this does

settle down. it gves people time to read thosend all th options that arout there and everything will be okay and sheila, you needn't be driven to drink. this will work out. what do you think? >> they are off track. d business owners like myself are not going to accept it and the government needs to understandand this is absolutely unacceptable. so i don't think it's going to go away. so from what i've heard the past few days, it is definitely not going away. this is just stirring it up and

we, the people, we are tired of it. neil: thank you, sheila. >> thank you. neil: do any of you remember the protest things to push on unemployment benefits past the 99 week when the agreement that was 300 days ago. the democrats are pushing for the democrats are pushing for still more joblesseen in. this is the quicksilver cash back card fm capil one. it's not th"limit the cash i earnvery month" card. it not e "i only earn decent rewards at the gas station" card. it's the no-games, noigning up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-homthe-bacon cash back card. this is the quicksilver card from capital one. unlimited 1.5% cash back on eve purchase, everywhere, every single day. so ask yourself, what in your wallet?

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>> has been 240 weeks and 11 temporary extension since the first unemployment benefits were

filed. instea of pushing for more handouts, maybe they should be pushing for more jobs. linda is here to hash it out with adam lashinsky. >> this is the type of backwards thinking that we have been getting accustomed to coming out of washington. and this includes addressing the underlying structural issues. at this point, we should be havingeaningful discussion about tax refrms an ro-growth and pro-business policies and instead what we are hearing from is more handouts and welfare and keeping americans on this. this is perpetuating the problem neill i guess things are pretty bad. but are we just, are we making a bigger mess of this?

>> i will say straight out. i don't know what the right amount of time is. so i am trying to be humble about that. but what i do know is that the people, obviously we still have high unemployment and people are still hurting and we are cutting the social safety net in other ways as well. we saw what happeneded with food stamps and we saw what has happened with a great number of states refusing to paricipate in the affordable care act which has ramifications on people like this. so what i am arguing for is that we cannot cannot do all of these things at once. we have to figure out how to take care of people, whether it is extending unemployment benefits or not, i don't know. i don't thnk, i don't buy the argument that this encourages people to not look for work. it is not like they are living high on the hog with employnt benefits. this is intended to be a shortterm supplement. if there really was more correlation between increasing

the jobless benefits, why would we not just extend them indefinitely or for a lifetime? the reason is cause there is a correlation and as we see jobless benefits irease, there's a positivecorrelation with a reduction in that incentive to actually go out and look for a job. of course, that is not all people, but on the margin, there is not a fact neil: i thinkwhat happened is that people have gotteused to the government as a backup. the big banks and know that the government will always have their back, you know, those behind on their mortgages, those have a job, the trouble is the government doesn't have enough money. itight sound cool to say that the well has run y, but it has. we are knee-deep out here. >> know that i am supposed to disagree with you, but i think that you are right. people have come to think of the government as a backstop and i think the government should be a

backstop. neil: but there's a limit to be had, right? >> yes, quite literally there are limits. so i do think we should have a policy discussion on what it should and. i think though that when people are hungry, that is where you end it. and it's debatable as to whether or not the well has run dry. westill have tremendous economic power in this country to help people in need and we are not there yet. >> my fear is that even when they say that we are ome free, e fact of the matter is that it's all a credit line. and we are we're going to have to make some hard choices here. >> we certainly are. and i think, the other guest is exacy right that we need to have a discussio of oneness needs to end i would like to see our political leaders stepped out and say that we know you don't want to stay on the government. weknow that you don't want to

be reliant on the federal government indefinitely. so i would like to hear more of we nd the ameeican public off of that moving them back into the private sector. taking some responsibility for the individuals. that is the type o proposal that we need to be hearing from officials. neil: i would just add that we have made difficult choices and they are not always good choices. we have crumbling roads and bridges and we don't have enough people who have access to good medical care. we have cut down on food stamps. we have cut down on the military. we have made some tough choices. and were going to ha to make more. neil: imes are tough, but they are not depression tough. i think that we have to make tougher decisions because that does not matchhe reality of the economic recovery or the resources that you say that we have. >> the problem is e way that we have this civil conversation ong the three of us, that's not the way that the conversation happens in

congress. there's another side that said let's cut everything because all of these programs are ba. [laughter] neil: i want to thank you. in the meantime, the latest privacy invasion and the government. and this one could be outright illegal. we debated and you decided. we will have that next

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search, compare, and apply at creditcards.com. first round's on me. then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tth decay and bad breath? [ exhales deeply ] [ male annocer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothi relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. the one you have probably heard about this. the government is constantly tracking thevhicle, it's like, oh my goodness, he beats his ildren and their. [laughter] enact critics are saying it's a

massive privacy ivasion. we have two individuals on this topic. >> i think it'smore than creepy, i think it's unacceptable. to have a device in your vehicle that tracks what you're doing and if you pass the light, all of these specifics that are now unregulated. the government has yet to regulate who can use tt for what purposes it's like oh, i got ke oh, i got is a they tried to introduce that and try to use that against people as evidenced. >> what do you think we might do

think that this can go too far? >> you definitely can't go too far. when they are tracking how many people are in your car, how fast you're going, if there is an argument in the car, that is a very large invasion of privacy and it goes beyond big brother where there is nowhere that is off-limits and you can't have a conversation without someone hearing it. >> you should see the knucklehead i had driving. >> we want to track this person, we think that they are suspicious. when they track the person for days and months and years, the appeals was gone when police put tracking devices and thus not an invasion of privacy.

>> so what if you are carrying a cell phone or iphone and they contracted through that. >> the argument is that we need to do thi now and we need to make it a more blunt instrument. so marty has a device in a car. >> you're absolutely right. the information is being disseminated in a new ar already has a black box in it so i can -create what happened at a time that crashed. >> let's say let's say today she realizes i'm veering off the road. and then shed interpret that to mean that i am dodging

out. >> they can use that against you in a divorce proceeding. >> and she is saying what if the couple decides ty want to divorce and someone starts to monitor the other couple. ♪ [ male announce] they are a glowing example of what it means to be the bt. and at this special time of ar, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease the 2014 e350 for $579 a month at your local mercedes-benz dealer.

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neil: another feature of obamacare after the midterm election process. some say it's no coincidence here. >> it points out just how determined tat harry reid and the democrats were, shutting

down the government by october 1. and of coursehe first bill w passed would totally be from obamacare, and we knew that it went straight to a compromise, a one year suspension of the whole thing and that really gave them this about giving your adversary the graceful way to exit. and he will have a compromise against ourselves. neil: he is actually doing it for other reasons with the impact of all that, which will be devastating on millions of folks who are likely at the very least senior policy trying to say that after the election, the reality, i imagine he won't let that happen. >> we know the people are geing hurt.

we just read the letter and i thought, okay, they found one person in the country that obamacare has really worked for. the people in tes, it was like a thousand to o the other way. so i won't know who they are going to find where they can say, okay, here's someone we actuly helped. neil: while you are here, with the jfk assassination, we are talking about how texas just has a scar and a stigma attached to it for solong. despite all the fendly crowd and everything on it. that was just a heat city and a heat state for so long. >> it was so tough. i was a small chil a little bitty kid and i will never forg our elementary teacher coming in and saying that president kennedy has ben shot and we just couldn't believe it

and people were crying all over and that lived 100 miles east of dallas, and we just couldn't believe it, we are putting ourselves on hospitality. and kennedy and other people were saying that they were trying to win back texas. but my understanding, i love to hear the adults talk. he was asked to come t texas because there is a rift between johnson and yarborough. >> he was reay blanketing the state. >> i never heard that o before. but yes. when a man has been shot and killed,here is no way you're going to hold them for some comment like that. >> i guess that he was warned

that it was a very toxic environment annd he had been pushed and shoved them in there was a lot of violence there already. and i don't know if texas really ever laid that down. the people are clearly happy to see them. and how long did this take for texas to get over? >> i don't think it has been completely gone over. when people hear you are from texas, as we have talked about honor, they still ask, oh, yes, and you know about kennedy being killed, so it's still international, i wish they would have thought of this soap opera or something else. but too often they think back to it. even 50 years later. but it was a bligt upon texas to a man who is coming really to help heal people.

neil: he was coming to pass over this coming and he was concerned enough about his reelection that he did this. and it was a cautious jfk going. and in retrospect, do you think it's added caution? >> oh, absolutely. >> i say that and then we have a president that is not cautious about making any political trips, he makes them every wek. neil: they raise a lot of money. >> yes, but it mmkes them more cautious, and people think about that scene and you know i still have the life magazine of those scenes in my office so thos were tough days. very tough days. and it is embarrassing and especial he really was being agnanimous coming to texas, he wanted to be a peace maker and

bring the faction together. and th was a guy believed in lor taxes and helping the economy. neil: absolutely. thank you, congressman. in the meantime, you know the we e remembering someone else on this day. twenty-three years ago. margaret thatcher stepped down as the prime minister of great britain. we will have it for you. very useful advice for it's as simple as this. at bny mellon, our business is investments. we oversee 20% of the world's financial asse.k. and thatives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon.

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neil: i want you to go back 23 year years ago today. margaret thatcher stepping down from office.

let's put the tape back to that day and try to late it to a different guy. >> the debt problems that we have a long-te. >> we have done it wiih the trade unions to control and victimize the individual worker. >> without the loving hand, monopolies can stifle competition's and the vulnerable can be exploited. >> we are done enabling families to own their home. >> giving people choice and public services. >> consumers do better when there is choice and competion. the real issue was decided by my honorable friends, how best to build on the achievements of the 1980s remapped the 1980s are now calling us with foreign policy. because the cold waras been over for 20 years >> we left out part of that.

get a clue. okay, a former thatcher advisor here on her legacy then and now. now, very interesting contrast juxtaposed against this president's ongoing message. what do you glean from that? >> i haveto say that it doesn't compare with margaret thatcher is a world leaer. margaret thatcher was there talking about why free markets work and why capitalism works and why policies actually advanced individual freedom actually sceed, and she demonstrated this in great britain in the 1980s, rolling back the frontiers of socialism in taing britain off of its

knees, cutting government spending, cutting taxes, and you look at the united states today with barack obama implementing exactly the opposite kinds of policy and this is $17 trillion in debt, faing a pepsi in the long run, possibly and then you see a reversal of these very damaging big government anti-free-market policies. so barack obama them anyways is the antithesis of margaret thatcher and that is why amera looks like a superpower on the path to decline. neil: the british accent works for me. and here is whati have to ask about. the history is pretty consistent on what ou get from a streamlined goernment, tax cuts, trying to promote business activity and not vilify it. that under republican and democratic presidents in this

y, we are looking back at john keedy, tax cuts came back to fruition sadly after his death. i'm ndering why that message doesn't come through or tha liberals tend to ink that that's just a lucky break. >> that's an extremely good point, aually. president obama is a leader in demaio, frankly. america is looking more like great britain in the 1970s. britain had to go to the imf for a loa for it to avoid bankruptcy becauset had built up such huge levels of debt as a result of overspending and margaret thatchemade the point that the problem with socialist government is that eventually they run out of policy with money to spend and what we are seeing in america today is a deep-seated antibusiness mentality about this adnistration, that is the mentaly that is driving ro two destruction today.

and it's a mentality that will ruin the united states. i do think the leadership lesson provided by them are badly needed here today in america. neil: it's always good to have you. thank you so much, my friend. when we come back to remembering this other anniversary, what if i told you that these fellows on the right would not have been possible without john kennedy? what i am saying is that he actually invented the internet. sorry, al go this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etng blindsided by limits" card. it's the noame-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day.

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il: one thing that is lost is what john kennedy not only did on tax cuts, being pragmatic to grow a business, but what he did for the space program and the ancillary efects that it it had on almost all things technology. i firmly believe in my desk and

argued is that it's not -- i it weren for john kennedy, i don't thk we would havea gadget natioor the technology. because he provided a foundation that encourage that because it all began with space. that also means because of him we had tanks, so we ddn't exactly hit it perfectly. but we have two guests on the jfk tech boom. what do y make of that? that he provided the foundation for a lot of these companies as well? >> i think you make a great point. when you think about it, ther than our ational defense, it is really, as i recall, the last time the govement really worked effectively. they took a project they ae that was really kind of unsolvable. they allocated a certain amount of money, which they did exceed, but they did the unthinkable and in a relatively short timeframe. right now we are going the opposite way where we allocate a

lot of money for things like amacare, and it just gets worse by the day. >> i think you're on a great point. the legacythat kennedy provided s not necessarily political come but i think it was in terms of inspirational. he understood what the world looked at and the implications of wt he suggested them what it would be and were he alive tod, i think he would be proud of what in fact has been created using this to start. neil: we always forget that the idea wise, at that time, to stop the soviets because there is a real concern. but fter that he was geuinely concerned about man reaching beyond this planet, and that started this technological fervor. but it eased a bit when we cut

back on the prram to the likes of which really was a ull retreat and something that we dominated. and that's what worries me. >> i think you are right. although on the other hand i would say that it was he internet, you know, with government agencies, but it really expandedand exploited when private industry was allowed to spread its wings, if you will. and if you think about it, the one industry that is probably the most ligtly regulated right now and is growing the mt anything related to the internet. others like industry and transportation all have the tentacles of government around and i think when government steps back, industries are allowed to grow and profit. neil: we also have a comparison with data markets. it ultimately got the word, john keedy had been shot, and he would not finsh above finished

above 1000 for another 10 years and it closed again until 1982. we are seeing this kind o game that we established since that time, that was done in one year this past year. so what do you make about? >> i think it's a combination of things, but right at the top of the kermit is the fact that we have this said, you know, pulling all of the easy money into the market and profits have remained steady. you know, some of the tech companies have done well, you know,oil prices have remained stable and we have a couple of underpinnings. but i think it's really do to ben bernanke and now probably still the markets will go up. when you step back from all of that, in the long term, the markets go up. >>es, just come and th go up for one reason a they have

since wor war ii. we were leveraged roughly 10 to one in financial markets and by the 1960s it was 30 to one. coming in it was 100 to one. so clearly david: "money" with melissa francis is next. melissa: economic terrorism. a newly-elected socialist to the seattle city council tells boeing workers in washington if the mpany closes its factory there, the employees should seize it. terally take possession of the plant. she is calling it democratic openership and i has got people up in arms. even when they say it's not, it is always about money. melissa: it is our top story tonight. see at el 's newest city council members urgg boeing workers to take over the factory and