sure that you have a device to watch fox business or you can watch "the independents." it's good looking out. good night. ♪ double mocha >> davvd axelrod asking democrats to not donate cash to the yet to be announced hillary clinton campaign and we will show you why tonight and not

enough to stop the rally on wall street a triple digit for the rally to our top story now. and the debilitating effect of obamacare extended. the national small business association surveying 800 small-business owners and found that 91% of them had seen their health care costs nearly doubled since the implementation of obamacare. all of this in addition to the duke university study. nearly half of companies are reluctant to hire employees because of the affordable care act. and the report until a backup the congressional budget office

and that it also gives americans to have a disincentive to work. nancy pelosi's tactics seem to be memory loss. so what is jon stewart's excuse? here is the sometimes funny man taking a shot at our reporting at "lou dobbs tonight" in his recurring bs mountain segment. >> they are incentivizing americans to stop working. >> like social security incentivizes americans to not die at their jobs. but it's nice to witness the birth of a talking new talking point. giving someone health care is all that it takes to get people to stop showing up to work, i don't know why we don't get some health care.

[laughter] lou: ignoring the truth were trying to avoid it, he has been living on that bs mountain for far too long. and honestly has fallen off one of its slippery slopes or he just no longer possesses the intellectual integrity to show the congressional budget office director making the exact statement that i was reporting. let's take a look and listen to his testimony in front of congress on wednesday. >> by providing health insurance, the people with very little income, and then withdrawing those subsidies as income rises. it creates a disincentive for people to work relative to what would've been the case in the absence of that. >> saying point-blank that obamacare is a disincentive for working.

so the obama administration saying that 113,000 jobs were added in january. far fewer than what they had been expecting. the overall unemployment rate hedging down from 6.7 to 6.6% last month. only 63% of working age americans participating in the labor market creeping up from 62.8% and the lowest level since 1978. and the president, of course, trying to spin it all as positive. >> the unemployment rate is the lowest it has been since before.

and that is why this is going to be a great year for america. lou: the president in michigan today to sign that 956 billion-dollar farm belt. fifty members of congress on a bipartisan racist. only nine of them showed up and all of them democrats working out to an 18% rate. wall street and the dow jones closing up 166 points. the nasdaq up 69-point great s&p up 24 points. 4 billion shares traded on the big board today. today's rally representing a gain of approximately $275 billion on the wilshire 5000. for the week, all three indexes moving up here in more than one half precent. google shares up more than one half precent today. making it the second biggest publicly traded company in the united states. the market exceeding this by about $5 billion.

both companies trailing apple. the most valuable company and apple is up more than 1% today. announcing $40 billion of its own share over the past year. in our first guest says that the obama economy is stagnant and the only thing this administration has been drawing consistently is inequality. joining us now is a member of the budget and small business structure committee. it could have you with us. if you will, your reaction first to the state of the economy is represented by a lease the unemployment rate in today's jobs report. >> i cannot get the comment out of my mind of the slippery slope of bs mountain. absolutely and the economy is absolutely stagnant. we have anemic growth and we

have household incomes for middle income americans for the last five years. large businesses don't know the effects of obamacare. we keep printing off the implementation and it creates all of this uncertainty. and there is a new change in the law. lou: speaker boehner starts talking about it as a pathway to citizenship and a comprehensive immigration reform. we hear congressman paul ryan embracing amnesty and then this week we learned that there will be no immigration plan at all. what in the world is going on with the republican party on

capitol hill specifically? >> i couldn't vote or anything like this if we are going to have comprehensive immigration reform what i would like to is controlling the border and a shift to an immigration plan that makes this more competitive. were you haven't own ability to immigrate based on the skills that you can offer rather than just bas relationships were it is based on family relationships and that is just anti-competitive. lou: at sort of strange because i believe that the congressman of the house judiciary committee, i believe that our committee has leadership of the republican party on reforming immigration and a solid plan and

then incremental approach with regular order. people know what is going on and i'm surprised that we didn't embrace what was put forward in the committee. >> i was very surprised when the speaker announced his policy again. i believe that it is counterintuitive if we offer any kind of evil status a pathway to citizenship. then i promise you that we will have 11,000,005 years from now on i don't want to repeat the mistakes of the past. lou: i think that that is the sage counsel. as we move here to the midterm election are you satisfied that the republicans are in good shape and focus and ready to turn out the voters and hold the house of representatives and also take the senate? >> i think the people are not

happy, it's the economy, as we have learned in the last several years. we are surprised by the outcome of this election because of the economy. it is not affecting mainstreet. lou: i think it is. i think that what we watching right now is corporate earnings moving ahead. and we're not seeing business investment or job investment and job creation. and the result is an economy that is not doing particularly well. and i appreciate it. we are going to have to jump you over. but we appreciate you being with us. >> been driving me.

lou: jay leno and his best ratings in five years. ending his 22 year run with this emotional farewell. >> i want to thank the audience. you folks have been incredibly loyal. lou: quite a run and congratulations to him. as the saying goes, stay tuned, we're coming right back. lou: president obama says that the tough guy image is pure shtick. k.t. mcfarland joins me next to talk about the u.s. and russia relations and how they are going whatoes everything mean to you?

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questioning a reportedly catedkr lou: ed to hijack an aircraft and divert it to sochi russia where the olympicses are underway. more than 100 passengers were aboard the airline and it landed safely. despite anxiety about terrorist threats russia today. kicking off the winter olympicses with an extravagant opening ceremony for a crowd of some 40,000 people. there was a -- well, a substantial glitch you may notice a ring missing. it's a snow flake that is

supposed to turn to an olympics ring. it failed to open and such things are made opening day disasters. president obama denied a icy relationship with valid mere putin in an preolympics interview. it's part of the stle to sit back and look a little bored during joint interview. he clear if i stating, quote, my sense is that's part of his schtick home politically. is wanting to look like the guy. joining us now former pentagon official. o you think he's former kgb as well? >> the president said al-qaeda is kb. and putin has the statute thing. well, the fact of the matter is al-qaeda is bigger and stronger in more places than ever before and putin has outsmarted obama at every step of the way. >> i find it fascinating that he finds him just acting like a

tough guy. he hasn't been paying attention. russia is prett well slapped him on the international stage. >> in theater after theater. in the middle east, for example, you know, five years ago, eight years ago, the united states was predim on in the big power in the region. we are no longer even matter. syria which was pose -- supposed to be obama's red lynn. he had to be pulled ot by the russians. iraq which was supposed to be another. >> edward ♪en. >> the little traitor sitting in russia in the arms putin. whois acting tough, by our president. meanwhile he delivered so many classified secrts to the russiins that it is exreport their. >> yeah. and our intelligence wases is will take a decade to have to recover. not only has snowden revealed that things things things are

embarrassing. we're listening to the phone calls of german leaders. they revealed sources and method. they know how we collect intelligence and at accordingly. lou: russian's deputy prime minister neither he nor the russian government play the role in leeking a call of victoria knewland. blank, blank, it's one blank. blaet -- blank the e u. how ty got access and why the officials -- high officialsin our state department didn't know that someone had access to that. >> i think, first of all, the reality is the new world there are no longer any private anythingings. a conversation you think is private somebody can hack in to. lou: even if high state department. >> even a high state department it's probably even more reason to listen to you e-mails or what you're doing. there are no -- there are no nothing privat

anymore unless face to face conversation in a room recently been debugged. now that being said, the russians have outsmarted us. why? it's allabout ukraine. there's a tug of war of russia and the u.. and the phone conversation makes us look like dope. lou: i think we are pretty well establishing our standing in that regard. [laughter] in a host of ways. but thefellow that president obama says is basically just a schtick when he talks about a togh guy is basically certain notice that the russians may intervene in ukraine to pursue their own interest. how serious the threat? what should be the u.s. response? >> i think we should, i mean, ukraine is a country caught between the west and the east in russia. it's a country whicc the leadership -- lou: why the west? >> the people want to go west with they look at poland and the countries and think that could be us. we want to go toward emocracy

and capitalist system. what happens is their leadership which is corrupt as could be is more alive with russia. they want the bailout. e bottom line is russia controls the energy that ukraine needs. they can turn the switch on, they can turn the switch off in a cold manner. they have done it before and can do it again. >> and s well, the gas that the european unio needs more than ever this winter. kg mac for a lain. thank you. the new york police department going high-tech. the n.y.p.d. reportedly bought a several pairs of google glass beta testing hoping to use them in the field, potentially having the ability to identify suspects in ral time. up next mr. obama -- his political guru asking his fellow to stop donating money to hillary clinton's potential 2016

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subsidized health insurance the

people with low income and withdrawing those subsidizes as income rises. the act creates a disincentive for people to work. relative to what would have been the case in the absence of that act. u: that acting with being of course, obamacare. damaging stimony adding to the president's political toxicity right now. i hope john stewart was watching, that is the statement that we were reporting, but you stay comfortable there on the bs mountain, mr. stewart. there were -- not one -- we're not two but three damaging reports on obamacare this week. and the president's gallop approval rating stands at 40% approval. 51%disapproval. it's gotten so bad the president himself is acknowledging where he is with the american public. he reortedly told a meeting with the senate democratic meeting conference wednesday that he wouldn't be offended if he's not inviteed to visit

vulnerable democrat campaign stop this year. some are already shunning him. the republican need a net gain of six seats to take back the senate. here is what they can do that and the latest polls on each race show. alaska, and incumbent mark leading by just four points. which is truly remarkable at this stage. in arkansas democratic incum be end mark prior is running behind his republican challenger by five points. democratic incmbent mark you deal in colorado leads one by just three points. the are all tight races. in louisiana democratic incumbent mary landrieu trails her republican rival by 4 points. and jeanne shaheen is in tie

with her likely republican challenger. and that is not where she wants to be, obviously, in north carolina. democratic incumbent trailing her republican challenger by seven points. as you can tell,this is a very serious moment for the democrats. in montana, the open seat, the republican there is ahead by 14-points. 14! how worried are the democrats? well, mr. obama's cons already are so worried at democrats are spending their money on hillary clinton's presidential hopes he's tweeting. here's what he had to say. with the senate seriously at risk, as you see here, and the brothers spending preaddition cy be focused on 14 and not 16 races. it's interesting it's a question i often and the republicans. the midterm elections are now

269 days away. 269. and things ar getting real serious and interesting. we'll be talking with the ateam doug about the clinton race. the urgency for both parties in the midterms next. time for some of your comments. we're giving a copy of my new book to everyone who e-mailed, tweet, or fcebook post read on the show. here arethe winners. john wrote in to say right on target with the view on government and president obama's unilateral actions. john e-mailed us saying since our president seems to believe he can do anything he wishes. it's time to change his tight from commander in chief to narcissist in chief. and george on facebook posted i would suggest instead of giving bonuses the workers. the irs should reimburse the hundreds of thousand of dollars spent by conservative groups trying to get their applications approved. an interesting idea. we like to hear from you. e-mail me at lou dobbs.com.

follow us on twitter. go to our facebook page. and links to all found loudobbs.com. clint eastwood being held as a hero. the 83-year-old actor/director performing the heimlich maneuver wednesday night at pebble beachproa.m. turn. he's credited with saving the life of tournament director. steve john. made our day, clint. we're coming back. a teen avoid hard time for killing four people. his defense? too rich to know right and wrong. attorneys doug burns and spencer attorneys doug burns and spencer on the aflew wh [ laughter ]

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political analyst. politico" report are for real clear politics. thank you for being here.

let me start withyou. david tweeting he's concerned about all of that money that democratic money going t hillary clinton instead of the senate democrats. they're really scared right now, aren't they? >> i think his comment highlight what a lot of democrats have been saying and republicans, too. this is a tough year for democrats to hold on to the senate. as you mentioned earlier in the show, republicans need six seats to gain the majority. and there way to do that is through state the president lost by wide margin in 2012 and th revious election yer, too. so axle rod, i think and other democrats who have expressed similar sentiment are worried looking at the president has left to do. they know, of course, that the republican-lead senate would be a major devastation to the president's second term agenda. lou: his agenda, for the second term, i think, keilin --

doug, you tell me. i think it's pretty well done anyway. i think he's a lame duck. >> i don't see what is left of the agenda. i'm not going get immigration reform. i don't see any bold program to promo economic growth. bottom line, lou, as i sit and look, i sort of say there's not much there to the extend i look overseas and tour the world, iran, north korea, ukraine. it's pretty -- and sir we have a robust foreign policy. >> a robust foreign policy. we watched this administration change direction on ukraine twice in the last tree eeks. right now ukraine popular demonstrations and support of moving to the west in to the european union. this government initially -- this administration embracing russia and its hold on ukraine.

now russian president valid mere putin threatening to intervene. your thoughts? >> my thoughts are that we have no policy. that when you have your assistant secretary of state attacking with expletive the eu rather than talking about a strategy to confront the russian and unite the opposition. we're getting involve in internal ukraine began politic to the exclusion of defending our interest. lou, i'm troubled beyond belief. lo and kaitlyn, also watching all of these reports come out on obamacare whether it be the national small business administration reports showing the small businesses health care cost have risen and doubled over the course of the last four or five years. the business school study showing that business owners are cutting back on full-time employment. staying with part-timers rather than bring on new jobs because

of obamacare. and of course, the congressional budget office studyist shows it's disincentive to work. what is e -- what is the reaction? what should be the reaction of this white house? >> well, the white house and democrat own capitol hill are saying that, you know, it not a cu-- it's not employers cutting workers. it's workers choosing not to continue to work nation can get their healthare elsewhere. democrats say this will inspire people to innovate and maybe, you know, create businesses. but the problem -- >> there's so much confusion here being -- whether because of the talking point or not, it is pure -- to suggest these are quote, unquote job equivalent city there is know qvc lentis to a job. it is a job. it is work. secondly, it is a disincent statton as douglas elm door of said. the idea there's any positive in

this that overwhelms the reality of 2.3 to 2.5 million jobs or the equivalence and everone think about that, if you will. the equivalent of a job being a loss to a productive economy with that interjection. i'm sorry. go ahead. >> i was going say the problem is, you know, that we're seeing headlines and going see a lot of this play out in the 2014 election that we just talked about. you know, pointing to what you just decribed. so if you're a democrat running for re-election in 2014, this only, you know, adds to those kinds of issues they have to deal with. but also, you know, going out and really selling the law. 's really difficult for some of these democrats to campaign on it. i don't think we'll see a lot of that. lou: i don't think like they rejoinder for the republican challengers or opponents. doug, when they spooned to whatever the democrat is saying, is that the president of the

united states lied to the american people before -- to get it through. and secondly, being reejected -- elected. now they want to educate americans on a law hey didn't bother to five years ago. >> a law, lou, by and large the american peope don't like and contrary to what the administration said. the more experience we have with it, the less people like that. bottom line, i think we're sitting on "the washington post analysis saying there's slightly better than a 50% chance that it democrat lose the senate. we keep going in the direction, lou, it could get worse and there could be more than six seats in play. >> and to what degree is the margin important if, indeed, the republicans take control of the senate. does two or three seats matter that much? >> it does because if it is one seat, ten one or two defection to give the president. if not a real majority he would presumably lose it.

>> thank you for being here. the camera company behind all of those great viral extreme sports videos it planning to go public. go pro announcin today a file considerable ipo. that allow it is to eepthe financial information private until just weekses before it stock is available for public trade. up next the market soaring over a mediocre jobs report. s&p joins us make sense and give us a clear view of our future. in the markets. a brand new analysis show how big a bargain your iphone really is. get ready for this.

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jobs report. the market reaction. sam, great to see ou. the market is underway. my goodnesses, double, ridge gains here? one right after another. happy days. ee ha! i think, well, i think the reason stocks went up, bonds went up, and gold went up is because people are thinking that maybe the economy is a little weaker than we expected and as a result maybe the fed will be tampering the tampering.

lou: what we're gving up here? think about how many -- how many hundreds of billions of dollars we're giving up for a lousy 10 or 20 billion a month from the fed. i mean, that's just mind numbing to me that investors think that way. of course they do. >> sure. >> well, the fed -- our chief economist sort of equated qe3 as one of the family member over the holiday who doesn't leave. and the fed wants to get qe3 out of the way. and they're going do it, if the data support enough they can, you know, in the sense remove all of that stimulus. lou: we have this unemployment report. 6.6%. this is powerful stuff. except it is -- it's not really. it's still pointing to a half speed recovery. still pointing to gdp growth and might be around 3% for all of 2014. there were some encouraging signs that broadest measure of

unemployment, underemployment, and disgruntled workers actually fel lou: six. >> i love to say that. don't -- i think you're insulting me. >> never! >> but the idea this is representative of good news we did see a boost in manufacturing. >> we did see a reduction in government employment. we did see, i mean, you know, there is positive stuff in there. my god you have to look so hard for it. and resist the overall number which is the last few months have been a very bad couple of months. and i think also people who felt they could be blaming thes named winter storms for most of the problems. but the bureau of labor statistics said no you can't do that this time around. maybe last month but not this month. i think maybe --

the reason they were doing the survey duh during the one week there happened to be a monumental blizzd. >> it's not a snow job, i guess glue at least not in that respect. >> i think people will be waiting for thenext months' number. other economic data point like retail sales next week. ndustrial production to see whether we get a conformation from the employment data or whether -- no, actually the economy is improving. we just -- are seeing it in fit and starts. >> it is much better economy than it was. except in one respect. at least one respect. that is we are seeing fewer jobs being created each month over the past three months. we're down from over 200,000 a month the previous three months to this last period. what are we going wait on here for validation of the idea this market is going move ainstead i want to ask you to define it as a bull market, a fair market. what is the likely trajectory.

what will tell us what we need to know? >> well, i think it is a bull market. i think that for all of 2014, we will probably see prices up in the mid single dings similar to what we expect to see in earnings growth. last year we got the euphoria, the expectations maybe we'll see an improvement in gdp and earnings, and so we saw the evaluationmeasure. the pe ratio climb last year. well, this year is a showing year. okay you went up on anticipation now prove it. that was worth going up. so ur belief is it is a volatile year most likely where we could see the decline even worse than what we already saw. but by the end, by the tend will probably be up. lou: all right. we'll take that, and hang along with everybody else. >> that's right. >> sam, thank you very much. the iphone turns out to e quite a bargain.

no matter what you paid for it. listen to this, a new analysis by tech policy daily did a projection after triple analysis and finds because the advanced technology the iphone would have caused three and a half million dollars to produce back in 1991. that is the level 77 sophistication in the iphone. up next hedrove drunk. he killed four people. iured two others. but h's not going jail. leading attorneys on the law on the two -- too rich to know better defense. [ male announcer ] if you're taking multiple medications, does yourouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene.

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. lou: 16-year-old ethan couch killed four people and severely injured two others in a drunken driving accident in texas last year. now after two trials and a much debated "affluenza" the flat until defense, he will not spend a day behind bars. former federal prosecutor doug burns is here with us and remi spencer. this is outrageous on any level. >> you don't need to be a lawyer to understand that this case is tragic and the outcome is incomprehensible. a couple of points that most viewers probably don't realize is that this is a juvenile and ot an adult in the system works differently for juveniles. it is about rehabilitation as opposed to punishment. the headlines here have en

about the "affluenza" dfense. but there has been much of a case than that. keep in mind this is a record standard and not ntentional. >> the "affluenza" defense, others have set up a meeting. on the psychiatric point of view and then it is junk law. it's never going to be any kind of recognize defense. and she is right. the fact of the matter is that slightly skewed. >> a judge who made a bad decision. the but forget this, it's stupid. and i ersonally prefer this direct plainspoken language. the idea that this dickstein-year-old that age, he had a drivers license, does not? >> that is correct, he did. >> has been accepted by one standard into a highly was

optimal position to which h should be held responsible. >> i agree. lou: does the law not make sense to such equations? >> if you're an adult to make sense and he would be based on prison time. >> keep in mind you can get behind the wheel. but he did not intend to harm other people. the recklessness of his behavior negated incarceration. >> but that is too far. lou: the recklessness becomes a defense for irresponsible behavior? nd i think the viewers want to understand how the recklessness which is a bore and of itself, is a defense? >> 's not a defense but a mitigating factor as opposed to a juvene who would take his

car using it as a weapon purposely. >> i'm sorry to interrupt. it's more about a juvenile versus an adult. i can deal with that distinction. but if you run down a bunch of people, it is vehicular homicide. lou: let's turn to another case that has garnered a lot of attention. that is a judge refusing to set bail for the retired tampa police officer who got gunned down -- he gunned down a man in a movie theater becausee threw popcorn. what in the world? >> bail is supposed to be whether or not you're going to appear in court. but they are taking into account how strong the proof is. they teach you the irst week in criminal law, the response has to be commensurate with the force of your presented with. this is going to be unfortunate.

this guy has no chance of winning. lou: in a recorded interview to get to what doug is talking about, he told the authorities that as soon as i pull the trigger i said oh, shoot. and what in the world? >> its a very strong case for the prosecution. that is a statement that the defendant made to the police immediately after the incident. his wife even rebuts his contention that he was hit by the victim which prompted the shooting and he is going to take a very large plea deal or go to trial those. lou: he cannot serve time.

>> first and foremost, someone is listening in. they are being monitored for safety concerns including provisions for number of considerations. >> when the prosecutors can prove that someone killed someone, often they are like we are going to show that he did this in a coded conversation. lou: using code to communicate with those folks, it seems kind of we. >> the judge invited t prosecutors to come back at a later date. lou: we have a few seconds. you believe the prosecutors hav a strong case. >> this is not as much of a slam dunk slamdunk as the prosecutors would like you to be.

lou: thank you for being with us. we will see you on monday. have a great weekend and good night from new york. ♪ [ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours.

♪ ♪ ♪ neil: your lucky stars that we haven't been hit since 9/11. what if we are to have been hit again? i'm talking about san jose. it was darn near destroyed. welcome, everyone, it is coming to light that the mos significant incident of domestic terrorism involving the grid that has ever occurred in the united states. and i am quoting directly the man who headedhe federal engy regulatory commission saying that.