love the unfettered economy ♪ good eveng, everybody. good evening, everybody. the cumulative weight of the numerous negative obamacare reports out this week aking a toll on the white house apparently. the democratic party aliberal national media as well. democrats in straight up denial of the findings and friends in national liberal media ignoring the facts, including a dishonest shot at yours truly by comedy central's jon stewart. also, the president's political savant, david axelrod, asking democrats to not donate cash to the yet to be announced hillary clinton campaign for president. we'll show you why in tonight's

chalk talk. to the top story, another independent report finds the debilitating effects of obamacare extended. thisime the negative impact on small businesses. the national small business association surveyed nearly 800 small business owners and found that 91% of them have seen their health care costs nearly double since the implementation of obamacare. all of this in addition to the duke university school of business study that found, quote, nearly half of u.s. companies are reluctant to hire full time employees because of the affordable caract. one in five firms indicates they're likely to hire fewer employee a report that backed up the congressional office claims that obamacare will result in reduction of nearly 2.5 million full-time workers, and that the law also gives americans a disincentive to work. the whithouse reaction to the cbo report was denial.

house minority leader nancy pelosi's tactic seeme to be memory loss. so what is jon stewart's excuse? here is the comedy central somemes funnyman taking a shot at our reporting at loudobbs tonight inis recurring bs mountain segment. >> the government is effectively incentivizing americs to stop working. >> you know, like social security incentivizes americans to not die at their job. well, hey! it's nice to witness the birth of a 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 dot chip in lou dobbs someealth care. >> jon stewart once was too intellectually rigorous to ignore the truth or try to avoid it. he's been living on that bs mounta for far too long

apparently and is obviouy fallen off one of the slippery slopes or 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 at douglas he will men door of and listen to his testimony wednesday. >> by providing heavily subsidized health insurance to people with low income, then withdrawing those subsidies as income rises, the act creates disincentive for people to work. >> well, he was saying point blank that obamacare is a disincentive for working. wee going to ing you at bite numerous times over the course of this show. here are more facts for your consideration and certainly mr. stewart. the obama economy turning in another mediocre jobs report, 11000 jobs added in january, far fewer than the nearly

190,000 that economists were expecting. the overall unemployment rate edged down from 6.7 to 6.6% last month. much of the decline resulting from only 63% of working age americans participatinin the labor market, creeping up from 62.8%, the lowest level by the way, since 1978. president obama telling government contractors how muc to pay their employees. the president signed that order, raising minimum wage for contract employees to $10.10 an hour as of january next year. even thepresident's labor secretary has no idea how many workers would be effected by the president's rather dramatic signing. >> what percentage of workers on federalontractors make minimum wage or make less than $10.10 an hour. >> again, we don't have a precise figure because we're

still finalizing the regulations and preparing the regulations. again, we estimate that there are hundreds of thousands of workers who will benefit from this. >> no one in obama administration can tell us h the president came up with the estimate and his labor secretary. the administration aears to be making it up as they go along on nearly every major issue, and it is in most cases not working. according to the latest fox polls, the american public has overwhelmingly rejected president obama's rule. three in four sa using executive orders to bypass cocongress is not how the government is supposed to work. on top of that, another new fox poll asked them to grade the president on the slightly improving economy. the highest percentage of those folks gave the president a grade of f. the senate today approved an increase in theebt limit,

sending the legislation onto the president. party leaders chose to avoid anothestandoff over the government's deficit spendg, the bill clearrd the upper chamber, 55-43 on a party line vote. the first guest doesn't like the debt ceiling deal, says the most important activity in the gop now is getting harry reid to become the senate minority leader. joining us, mike huckabee, former governor, host of huckabee on fox news channel. great to have you with us, mike. let's begin -- >> thank you very much, lou. >> let's begin with that vote, 199 republicans abandon the speaker and said they weren't going to go along with that debt ceiling increase. what do you think of the vote and their motivation? >> i don't blame them. i mean, i think boehneridn't have a lot of choice. he doesn't wnt to see the government go into default, even though frankly it is not going to go into default. we have enough money to pay the

interest, and that would be enough to settle what would be considered the true debt. would it effect the markets? probably so. would it be the end of the world? probably not. but i understandhy boehner is feeling he is in a tight spot, doesn't want to create a problem, so the republicans look like they're the ones gumming up the works. bu i absolutely understand why republicans didn't want to vote on this because they got nothing for it, not one stinking thing. no reductions in any of the spending. and that's what they really wanted to do an felt like they should have ld for. >> you know, governor, we've just watched the republican party do this twice, '96 and just -- '95 and '96 and last ll. it is horrible politics. it is worst strategy. and devastating to the party's interest. and this is a year in which you

guys have a clear track straight to victory in the mid term elections, if you can just avoid mucking it up. and if the 199 republicans hadn't been bailed out by their colleagues on the other si of the aisle, they would have had just precisely that, another mucking it up. >> you know, i understand where th're coming from. they're saying look, this is a principle vote. but principle having to be balanced by the realities of the vote totals. and if you don't have the votes to get what it is that you want, you have to work within the context of what can be done, not what you want to have done. my gosh, when i was governor, lou, i would love to have had all of the votes. when you have 89 out of 100 senators that are democrats as i did, you learn you're not going to get everything you want. a lot of house members i understand where they're coming from, i don't like the deal at all. but i thinkhat boehner is saying, guys, let's fight the real fight, the fight is not

with each other, the fight is with the democrats. if we take the senate, then we're in position to really fight. until that happens, if we get blamed for messing up the debt and government and messing up the budget, then the whole republican party isn trouble. you can't blow the option to take the senate and gain seats in the house. >> it is, after all, the same leader, speaker of the house, mr. boehner, who wanted to embrace the g-8 version of comprehensive immigration reform and amnesty, until the conference made it pretty clear to the speaker if he persisted, he would lose his job and also theepublican party would be devastated. it is hard to sort out the whim in washington, d.c., whether republican or democrat, the white house or in the house of representatives. >> i thinkkthe predent and harry reid knows that john boehner doesn't want to play hard ball. he really doesn't.

because they knowthat they push him to the limits an they're going to win. if the speaker dre a line in the sand said guys, i want to tell you now, this is what we're not going to do, maybe he would have moreleverage. but thaa's not the way he leads and as a result i think we are where we are. i think it is horrible we didn't get more out of a debt deal. i think barack obama was right back in 2007 when he said it's a crime against future generations to keep boowing mone we cannot aord to payback. even used the term it is unpatriotic, as a lot of other democrats. now they think it is wonderful to increase the debt limit. i think botharties have a lot of hypocri when it comes to the debt ceiling. at some point, this country is going to have to understand it cannot spend money it don't have. itannot borrow money it can't afford to yback. that simple. no of us can. and including the government.

>> and as we looked at the other issue that's actually going to be, well, taken up apparently if senator schumer has his view immediately so he can shape immigration law, but not implemented until 2017 because we can't trust president obama in senator schumer's view, he agrees with the republicans on that, that's one of the most outlandish proposals i have heard of. i would think the republicans would be making all kinds of political hay with that. >> they certainly should, lou, because the fact is this is political posturing. it is not there to solve a problem. it is there to pretend they're attempting to solve a problem so they can garner votes in the hispanic community. i think we don't need to take the hispanic community as a bunchof chumps that can't see throh that, they can cut through that fog and understand it is balloon choose. nothing is being promised to them, nothing at all.

i truly belie the republicans have made the smart decision to say we're not going to go into some big immigration reform this year because we're dealing with an administration that we cannot trust because time after time this administration has said something that it knew to be untrue, whether it was keeping your doctor, keeping your health insurance, we don't know what happened in benghazi, we're going to get to the bottom of the irs. where does it stop. why would the republicans ever trust this ainistration. thank gdns they didn't on this issue. >> well, trust as you correctly poinout i think will be the pivotal issue with obamacare come mid terms. governor huckabee, as always, great to seeyou. thanks for being wi us. present obama and hamid karzai refusing to negotiate over troops in afghanistan, so it is all up to the taliban now. ambassador john bolton next. what does everything mean to you?

with the quicksilver cash back card from capital one, it means unlimited 1.5% cash back on everything you purchase, every day. it doesn't mean, "everything.. as long as you buy it at theas station." it doesn't mean, "everything... unl you hit your cash back limit." it means earn 1.5% cash back on every purchase, every pce, every occasion, all over creation. that's what everhing should mean. so consider... what's in your wallet? crestor got more high-risk patient bad cholesterol to a goal of under 100. way to go, crestor! yh! tting to goal is a big deal, especially if you have high cholesterol plus any of these risk factors. because you could be at increased risk for plaque buildup in your arteries over time. so, when diet a exercise aren't engh

to lower cholterol, adding crestor can hlp. go, crestor! ♪ ♪ oh, yeah [ female announcer ] cresto is not right for everyone, like peoplwith liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor about other medicines you'rtang. call your doctor rht away if you have muscle pain or weakness, fl unusually tired, have loss of appetite, upper belly pain, dark ure, or yellowing of skin eyes. these could sig of rare but seris side effects. crestor! yes! [ female announcer ] ask your doctor about crestor. if you can't afford your medication, astrazeneca y be able toelp. yeah. i heard about progressive's "name your price" tool? i guess you can tell them how ch you want to pay and it gives you a range of options to choose from. huh? i'm looking at it right now. oh, yeah? yeah. what's the... guest room situation?

the "name your price" tool, making the world a little more progressive.

this is video on tand by "the washington post," by the elitedelta force. captured an al qaeda plotter and took him prisoner outsideis home in tripoli, libya. the covert operation as you see here done after he returned from morning prayers last october. took place in little more than a minute, not a single shot fired. and by the way, this is security footage from the building from which he was captured. director of national intelligence james clapper

doesn't think president karzai will sign a securit agreement with the united states, becoming the first high ranking administration official to say that. it is not the first time we heard it. former ambassador to united nations, fox news contributor john bolton is here and has never been hopeful of the outcome. good to see you. karzai himself has made it i thought whatever is deficiencies, consistent in this statement there will be bilateral security agreement he will sign, if ever. >> right. i think now they're in position where clapper's statement is sisimply expressing reality and that the best bet is to hope they can sign something with karzai's successor. that may be today's best option but a bad option. things may get worse after karzai, reflects failure over a couple years for the administration to grasp the reality. >> some wou argue the failure has run some ten years, the

initial deployment, particularly covert forces in afghanistan, resulted in success. we actually controlled afghanistan as you know for a period. we have managed to screw it up fairly well, i think iis fair to say, over the passing decade. now i hear some rationalization about thsigns of force in afghanistan. can we keep 10,000 special operations forces, would that be adequate for security, or maybe 15,0 would be ideal, i have no confiden that i am hearing any numbers that make any sense because certainly there's no strategy attached to the numbers. >> that's the biggest problem. if you don't have a strategy, the numbers become irrelevant, and size of force that is sily there to protect itself is a contradiction in terms. i think where we went wrong in afghistan was believing that afr defeating the taliban we could create an afghan government centraled por, and overturn abo two millennia

of tribal practice in the region. make no mistake, if taliban gets back into power in afghanistan, the most likely result, al qaeda will come back, be right back to where we were before 9/11. >> ambassador, sort this out for us. we after 13 years there, we now know forces in pakistan are working with the taliban negotiating. we now know that karzai himself has been negotiating with the taliban. this administration doing so as well. the reemergence of taliban is stunning and it is a fact, is it not? >> it is a fact and pakistan has been part of the problem from the get go as one analyst said. pakistan is the oy country in the world he knows of wre i is composed in the leadership of both arsonist and firefighters because in effect, the pakistani government did set up the

taliban, they financed the mujahideen before them, created extremists in cashmere, it is all coming to haunt us. let's be clear. if taliban takes afghanistan back, it will strengthen pakistani taliban. that government goes, nuclear weapons go immediately to the terrorists. >> couldn't be a more frightening prospect, unless it is that after 13 years of war that this one super power in the world doesn't still have an arculated, enunciated strategy, with any metric for success or failure that you just outled for the lives we lost and the treasure we spent. >> the overthrow of taliban in the first instance was a great victory and was done the right way. >> but the last decade has not been a pretty on has it.

>> the mistake which began in the bush administration, i will be bipartisan in my criticism, was to think you could create an afghan national government that looked like western europe. was never going to happen. this requires long term strategy for the united states to understand in a way we're going to be there for almost forever. but we're not going to transform afghanistan. what we need to do is pick apart the tribes on the border, divide and rule as the britishid and prevent taliban from having a safe haven. >> instead, looks like we'll be withdrawing outright by end of the year. >> we're going to give them the whole country. >> ambassador, john bolt on, thanks for being here. up next, mr. obama, his political guru asking fellow democrats to stop donating to hillary clinton's potential 2016 campaign. we'll show you why in the chalk talk next. stay with us. welcome back. how is everything?

there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news i got a new title. and a raise? manament couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] introducing fedex one rate. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, iy understand my charts, and spend more time tring. their quick trade bar lets my account follow me online so i c react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates.

by providing havily subsidized health insurance to people with low income and withdrawing those subsidies as income rises, the act creates

disincentive for people to work relative to what would have been the case in the absence of that act. >> that act being, of course, obamacare. damaging testimony from the congressional budget office director, douglas he will men door of, adding to the president's political toxicity. i hope i hope jon stewart was watching, that's the statement we were reporting. you should stay comfortable on your b.s. mountain, mr. stewart. there were not one, not two, but three damaging repor on obamacare this wek, and the president's gallup approval rating stands at 40% approving, 51% disapproval. it has gotten so bad, the president himself is acknowledging where he is with the american public. he reportedly told a meeting with senate democratic conference wednesday he wouldn't be offended ife is not invited to visit vulnerable democrrts

this campaign year. some democrats are already shunning him. republicans need six seats. here is what the polls on each race show. alaska and incumbent, mark begich, leading his republican challenger by just four points. which is truly remarkable at this stage. arkansas, democratic incumbent prior pryor, running behind his republican challenger by five points. democratic incumbent mark udall leads one challengerby three points. louisiana, democratic incumbent mary landrieu trails her repuican rival by four points. and jeanne shaheen in a tie with her republican challenger, and that is not where she wants to

be obviously. in north carolina, democratic incumbent kay hagen trailing her republican challenger by seven points. as you c tell, this is a very serious moment for the democrats. in montana, the open seat, republican there is ahead by 14 points. how worried are the democrats? mr. obama's counselor david axelrod so worried that democrats are spending their money on hillary clinton's presidential hopes that he is tweeting. here is what he had to say. with the senate seriously at risk as you see here and koch brothers spending pre ding usuall shouldn't dep funders be focused on '14 and not 16 races? that's interesting, that's a question i often ask of the republicans. time for some of your commen. we're giving a copy of my new book to everyone whose tweet or

post is used. right on target with your view on government and president obama's unilateral actions. since our president believes he can do anything he wishes time to change his title from commander in chief to nars cyst in chief. george on facebook says i suggest instead of giving bonuses to workers, irs should reimburse hundreds of thousands of dollars spent by conservative groups trying to g their applications approved. an interesting idea. we like to hear from you. e-mail me from lou dobbs. follow us at lo dobbs news, go to our facebook page and links to all found at loudobbs.com. the irs targeting of conservave groups is a scandal that's still far from resolved. tonight, you'll meet katherine engineere will brekt, talking about her fight with not only intern revenue service but

with a nber of agencies within the obama administration. next. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincolfinancial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh

♪ oh, oh, all the way iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go.

up. find out if your business can qualify at start-upny.com our next guest has bee running a family business nearly two decades, it changed in 2010 after filing for tax exempt status for the group true the vote and keen street patriots. she answered questions bore a house committee, detailing her situation last week. >> in the first 20 years of business, did they visit your place of business? >> no, sir. >> never once? >> no, sir. >> afterapplication. >> yes, sir. >> did the atf come to your business? >> no, sir. >> they came a couple times after you filed the application. >> yes. >> in the first 20 years of business, did the irs ever audit

you? >> no, sir. >> aft your application did they audit you? >> many times. >> did the fbi visit? no, sir. >> after the application did they visit. >> six times. >> joining us, katherine engelbrecht, great to have you with us tonight. listening to congressman jordan go through that list, your answers, that is stunning. did you turn at any point to your congressman or senator and say wait, this has to stop. >> you know, it is funny. when it's happening, you kind of get caught up in the moment, and it really took almost three years to take a look back and think something is very wrong. finally i told my attorney and all the pieces started to fall into place. >> as those pieces fell into place, i mean, that is just -- i

don't think i've ever -- i know i have never heard a citizen say what you've said, responding to the way in which you were harassed by the federal government. did any charge, any allegation found against you? >> no, you know, irs we got funds, osha isgoing to find something, that's kind of what they do. we had nominal fines. we complied fully with everybody that came out. everyone that came out w cordial and kind. i don't have any issue with the fact they came out. i do question how you can be in business for that long and with no other tail, no other raonale for why this sudden onslaught. 15 plus audits or investigations. something is very wrong.

>> something is very wrong. you had no apology from any one of those agencies, not from any part of the executive branch. no one has said, you know, something went wrong here. >> no, not only have they said nothing has gone wrong, they have not asked about it at all, you know. we hear about the investigation into the irs scandal and targeting of organizations, i have not been talked to by anybody from the irs. >> as far as we know, no one has been in regard to that investigation. ich in and of itself tells us we have a government,t least parts of the government that are out of control. i understand you're saying you could appreciate why people were but i have to tell you, i have to believe nearly every citizen listening to your story has a big problem with that. that's -- >> that's right. in ndsight, you see it clearly, but when you're in thee

moment, you don't want to believe it is happening, you know, that's not america. >> i want to share with the audience also you have also filed an ethics complaint against congressman elijah cummings, ranking democrat on the house oversight committee. if we could show this for the audience quickly in his letter to you, at some point an effort to challenge voter registrations by the thousands without any legitimate basis may be evidence of illegal voter suppression. if these efforts are intentional, politically motivated and widespread across multiple states could amount to criminal conspiracy to deny legitimate voters their constituonal rights. wow. this is quite a letter to someone who is simply trying to preserve or perhaps in some case create integrity on the electoral system.

did you ever get an explanation from the ranking member? >> no, no, congressman cummings sent three letters in total. we responded to all three. i offered to meet with him. i offered to try and explain as best as i could his confusion, which stemmed from a fundamental misunderstanding of what true the vote is out. his allegation of our sending things to vote, we don't have the authority to do that, we've never done anything likethat. it was all complete fabrication. yet he decided on committee letterhead to announce that he was opening an investigation, so that's the question we're asking w with the ethics violation complaint, is it okay for a congressman to ngle out a private citizen and an organization like true the vote and declare an investigation afoot. >> and katherine, as we wrap up here, the id that you now have your tax exempt status, it was given to you last september, is

that correct? >> yes, i think so. >> and with that, you're going to move forward with goals and objectives of your organization. and we wish you all the very best. and go get them. >> thank ou. you can count on it. >> it is something. i should think you won't have very much difficulty in finding new members for the organization as you proceed. katherine, thanks so much. very impressive, your courage and steadfast resolve to get the right thing done. >> it is the right thing to do. a teen avoids hard time for killing four pele. his defense, too rich to know right and wrong. attorneys doug burns and remi spencer on the affluenza defense. ew when disa evented. so i can reach ally bank 24/7, but there are no branches? ew when disa evented. 24/7. i'm sorry, i'm just really reluctant to try new thing really? what's wrong with trying new things?

look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally ban your money needs an ally.

.

lou: 16-year-old ethan couch killed four people and severely injured two othersn a drunken driving accident in texas last year. now after two trials and a much debated so-called affluenza defense, the tnager will not spend a single day behind bars. here to analyze how the arican justice could allow such a result, former federal prosecutor, criminal defense attorney, doug burns, tria attorney, former prosecutor, remi spencer. remi, start with you. this is outrageous on any level the way in which this has proceeded. >> you certainly don't need to be a lawyer to understand this case is tragic, and the outcome is incomprehensible. a couple of points that most viewers probably don't realize. this was a juvenile, n adult. it works differently for juveniles. it is about rehabilitation opposed to punishment. the headlines, has been out the affluenza defense, but there's been more to e case than that.

keep in mind, this is a reckless standard, not intentional. mean, others have said it before me, from the psychiatric and psychological point, it is junk science. from the legal point of view, it is junk law. forget it. it's never going to be any type of recognized defense. and remi is right, the fact of the matter is the case gets slightly distorted because i am not so sure, i think the headlines kind of overran. >> a judge who may have made a bad decision. but forget the affluenza thing, it is stupid. sorry to be so blunt. >> i personally prefer direct spoken language. >> thank you. >> the idea that ts 16-year-ol because he or anyone else because of age, he had a driver's license? >> that's correct. >> he is accepted into a highly respsible position for which he should be held responsible, should he not?

>> i agree. >> can the law not make sense of such an equation? >> if he were an adult, the law certainly does make sense a he would be facg a substantial prison time. in the juvenile system, most juveniles don't end up behind bars, even in extreme cases. >> they shouldn't end up behind the wheel of a car. >> i agree with you. in thi case, kee in mind he didn't get behind the wheel with the intention to kill four people and hurt two other people and i think that is one of the things the judge said at the time of sentencing, the recklessness of his behavior negated inrceration. >> that's going a little too far, in other words. >> reckssness becomes defense for irresponsibility. i think viewers want to understand how recklessness, this is abhorrent in and of itself is a defense for responsibility.. >> it is a mititing factor as opposed to a juvenile who were to take his car and gun someone

down using it as a weapon purposely. >> i think the distinction, sorry to interrupt, is about juvenile versus adult. that distinction i can li with. this businessf recklessness doesn't matter. if you run-down peopl drunk, it is vehicular homicide. >> let's turn to another case that's garnering a lot of attention right now, and that is a judge refusing to t bail for curtis reeves, a retired tampa officer who gunned down a man because he threw popcorn. what in the world -- >> first of all, bail is supposed to be whether or not you appear in court. bail also takes into account how strong the proof is. this is defense, self defense seminar 101. teach you the first week in criminal law. the response has to be commensurate with force presented with. if ihrow popcorn at you, lou dobbs, you can't shoot me. this is a slam dunk. he has no chance of winning this

case. >> in a recorded interview played in the bond hearing to get to doug is talking about, he told the authorities, quote, as soon as i pulled the trigger, i said oh, shoot. i mean, what in the world. what's the issue here? open and shut case. >> it is aong case for the prosecution. keep in mind, that's a statement that the defendant made immediately after the incident. his wife ev rebuts his contention he was hit by the victim, which prompted the shooting. he is either going to take a large plea deal or go to trial and lose. >> aaron hernandez, a judge ruling, prosecutors in his case cannot have rordings of his jail house telephone calls. >> that's the correct ruling. >> i disagree. i disagree. first and foremost, someone is

listening in on those calls. we know that. those phone calls of an inmate to someone on the outside are monitored for safety concerns, for proof issues, for a number of considerations. when the prosecution can put forth a proffer of something that will help the case, they get it. >> prosecutors pro they killed somebody, you prove they killed them. enhey can't, often we're going to show he told aunt sadie in a coded conversation. >> the allegation is that aaron hernandez used code to communicate with those folks. it is kind of weak. >> the judge invited prosecutors to come back at a later date when they had more evidence. >> we have a few sonds. do you believe the prosecutors ve a strong case in the hernandez -- >> i think they lost a lot of ground when one of the main witnesses, they're not using him, ortiz. it is maybe a tough case. >> this is not as much a slam dunk as prosecutors would like it to be. >> thank you very much. >> thank you. up next, the new book,

unleashing the second american century. making a convincing case that despite all that is wrong with our government and all that we hear from europe and china, america's be days remain ahead of us. of us. author joel are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us thprice you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one gimme one! the power of the "name your price" tool. only from progressive.

chinese exports surging more than 10.5% last month. took asian markets higher, kept china on track to overtake the u.s. economy by 2023. some saying perhaps a little sooner. but a new book says china's assent is not assured and the 21st century is indeed an american century.

el hurtzman, senior fellow at the milliken institute. the new book. available of course everywhere come february 25th. great to have you with us. >> thanks. great to be here. >> joel and i have known each other for many years. it is a delight to see you and delight, i want to congratulate you on the book. it is terrific. >> thank you. >> as a book can, invalidates what most of us hope, that this is another american century. you talk about creativity, energy, talk about capital, manufacturing, all that stuff we got. don't seem to be diving anywhere. >> you know, if you take a walk around cambridge, massachusetts, around mit, as you have, when you went to school, you walk around that area, you see the

forefront of world history taking place. it is the world leader in biotech, world leader in computing, in brain research, medical research. no place in the world has anything like that. and we have cambridge but we also have san francisco and we have san diego. we have ten centers lke that. china would love to have one. we have ten. so that's our window on the future and it is working really well. >> it's always been a place where knowledge was absolutely the ultimate currency. >> and you can get good coffee now. >> always had a great coffee, by the way, i wasn't there for myself, i was there visiting my kids. you say that companies, american companie are producing a quarter of the world's gdp. >> yeah. >> most people don't realize that. >> what's happened is that the

positive trends that are going on in the u.s. have been lost in all of the noise, particularly in washington, as we squabble and try to come to either no agreement or hash over old agreements. but the facts are that the united states corporations, that manufacturing is alive and well and getting bigger in the united states and it stopped growing in china. >> and we should be cle, that's great news, the fa is that american u.s. multi national sent millions of middle class jobs to china, to romania, to all over the world. >> absolutely. >> the trend is reversing. but the madness of that business practice and being allowed in the first place by both political parties is i think a mark ofhame in american hiory. >> not only a mar of shame,

turned out to be bad business position. productivity in the united states is so far above any other country that it makes more sense to make things here than anywhere else. that's why apple is going to be making computers for the first time again in ther texas or cafornia. they haven't chosen. that's -- >> another 700,000 jobs to bring home. >> exactly. and it's why dow chemical is bringing back plants from the middle east. it is why other countries are locating manufacturing here. >> what i think is wonderful is that suddenly america, you know, people argue about god and providence, but i will tell you, if anyone doubted that this country is blessed and that we are a nation of profits, think about fracking for a little while, think about the prospect that suddenly this country that jimmy carter said would beut of energy within a few decades

is now the energy capil of the world. >> absolutely. and you know what's remarkable about that story is it was all private money, private initiative that made it happen. >> and fighting government all the while. >> exactly. but we have something other countries don't have which is unique to the united states. individuals can own what's under the ground. they can't do that anywhere else. that means that we can prospect for oil or natural gas and make money at it. the incentives are there. >> the incentives, so long as we have the guts to fight to keep it. >> it is always a fight. >> it is indeed. >> we have the right folks for it, including you, joel hurtzman. thanks a lot. the book is "unleashing the second american century" recommend it highly. goes on sale everywhere february 25th. >> thank you, lou. great to see you. that's it for us tonight. don't forget to getta copy of my

new book. thanks f being with . see you here tomorrow night. until then, good night from new york. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe promotion is in order. good news. got a new title. and a raise? management couldn't ma that happen. [ale announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. but when we sta worrying about tomorrow, we miss out on what matters today. ♪ at axa, we offer advice and help you bre down your retirement goals into small, manageable steps. ecause when you plan for tomorrow,

it helps you live for today. can we help you take a small ste for advice, retirement, and life insurance, connect with axa.

iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your biness can qualify at start-upny.com i ke prilosec otc each morni for my frzero heartburn.n. becat wohoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. you are gonna ed a wingman.

and my cash back keeps the party going. but my airline mil take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.comit's easy to search hundds of cards and apply online. creditcards.com. >> are you a member of the privileged class? you get special breaks in life? politicians say. >> we will all benefit from it. >> all don't benefit. the privileged benefit. >>s there any other large employer that gets the same treatment? >> it doesn't only apply to congress. >> we will be darned if we are going to lose their health insurance because of unintended nsequences. >> so unions have a special