effort for my families. that's it for the show. have a great weekend. we'll see you next week. ♪ good evening, everybody. good evening, everybody. th cumulative weight of the numerous negative obamacare reports out this week aking a toll on the white house apparently. the democratic party and liberal 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 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 dependent report finds the debilitating effects of obamacare extended. this time 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 care act. one in five firms indicates they're likely to hire fewer employees. 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 white house reaction to the cbo report was denial.

house minority leader nancy pelosi's tactic seemed to be memoryloss. so what is jon stewart's excuse? here is the comedy central sometimes funnyman taking a shot at our reporting at lou dobbs tonight in his recurring bs mountain segment. >> the government is effectively incentivizing amicans 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 geteople to stop showing up to work, i don't know why we don't chip in lou dobbs some health care. >> jon stewart once was too intellectually rigorous to ignore the truth or try to avoid it. he's been living on that bs mountain for far too long

apparently and is obviously 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 wok. >> well, heas saying point blank that obamacare is a disincentive for working. we're going to bring you that bite numerous times over the course of this show. here are more facts for your consideration and certainly mr. tewart. the obama economy turning in another mediocre jobs report, 113,000 jobs added in january, far fewer than the nearly

190,000 that enomists 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 participating in the labor mark, creeping up from 62.8 the lowest level by the way, since 1978. president obama telling government contractors how much to pay teir employees. the president signed that order, raising minimum wage for contract employees to $10.10 an hour as of january next year. even the president's labor secretary has idea how many workers would be effected by the president's rather dramatic signing. >> what percentage of workers on federal contractors 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 how the president came up with the estimate and labor secretary. the administration appears 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 say using executive orders to bypass congress 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 todaypproved an increase in the debt limit,

sending the legislation onto the president. party leaders chose to avoid another standoff over the government's deficit spending, 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 beginith 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 boehner didn't have a lot of choice. he doesn't want 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 understand why boehner is feeling he is in a tight st, doesn't want to create a problem, so the republicans look like they're the ones gumming up the works. but i absolutely understand why republicans didn't want to vote on tsecause they got thing for it, not one stinking thing. no reductions in any ofhe spending. and that's what they really wanted to do and felt like they should have held for. >> you know, governor, we've just watched the republican party do this twice, '96 and just -- '95 and '96 and last fall. it is hoible politics. it is worst strategy. and devastating to the party's interest. an 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 side of the aisle, they would have had just precisely that, another mucking it up. >> you know, i understand where they're coming from. they're saying look, this is a principle vote. but principle is 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,ot 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 wre they're coming from, i don't like the deal at all. but i think what boeer 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, ife get blamed for messing up the debt and government and messing up the budget, then the whole republican party is in 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 the republican party would be devastated. it is hard to sort o the whim in washington, d.c., whether republican or democrat, t white house or in the house of representatives. >> i thinkkthe president and harry reid knows that john boehner doesn't want tplay hard ball. he really doesn't.

because they know that they pu him to the limits and they're going to win. if the speaker drew 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 more leverage. but thaa' not the way he leads and as a result i think we are where we are. i think it ishorrible 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 borrowing money we cannot afford to payback. even used the term it is unpatriotic, as a lot of oher democrats. now they think it is wonderful to increase the debt limit. i think both partiesave a lot of hypocrisy when it comes to the debt ceiling. at some point, this country is going to have to understand it cannot spend money it doesn't have. it cannot borrow money it can' afford to payback. that simple. none of us can. and including the government.

>> ands we looked at the other issue that's actually going to be, we, 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 themost 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 bunch of chumps that can't see through that, they can cut through that fog and understand it is balloon choose. nothing is being promised to them, nothing at all.

i truly believe 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 stop. why would the republicans ever trust this admistration. thank goodness they didn't on this issue. >> well, trust as you correctly point out i think will be the pivotal issue with obamacare come mid terms. governor huckabee, as always, great to see you. thanks for being with us. president obama and hamid karzai refusing to negotiate over troops in afghanistan, so it is all up to the taliban now. ambassador john bolton next.

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this is video on tand by "the washington post," by the elite delta force. captured an al qaeda plotter and took him prisoner outside his home in tripoli, libya. the covert operation as you see here done after he returned from morning prayers last october. took place ilittle 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 intelllligence james clapper

doesn't think president karzai will sign a security 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 no bilateral security agreement he will sign, if ever. >> right. i think now they're in position where clapper's statement is simply 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 n. ings may get worse after karzai, reflects failure over a couple years for the administration to grasp the reality. >> some would 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 it is fair to say, over the passing decade. w i hear some rationalization about the signs of force in afghanista can we keep 10,000 special operations forces, would that be adequate for security, or maybe 15,000 would be ideal, i have no confidence 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 number become irrelevant, and size of force that is simply there to protect itself is a contradiction in terms. i think where w went wrong in afghanistan was believing that after defeating the taliban we could create an afghan government centralized power, and overturn about 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 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 factnd pakistan has been part of the problem from the get go as on analyst said. pakistan is the only country in the world he knows of where it 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. if that government goes, nuclear weapons go immediately to the terrorists. >> couldn't be a more frightening prospect, uess it is that after 13 years of war that this one super power in the world doesn't still have an articulated, enunciated rategy, wiwith any metric for success or failure that you just outlined 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 one, 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 goingo happen. this requires long t term straty 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 thborder, divide and rule as the british did 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, mrobama, 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. ith us.

by providing heavily by providing heavily 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 reportsts on obamacare this week, 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 if he 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 stag arkansas, democratic incumbent prior pror, running behind his republican challenger by five points. democratic incumbent mark udall leads one challenger by three points. louisiana, democratic incumbent mary landrieu trails her republican 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 poin. as you can tell, this is a ry serious moment for the democrats. in montana, the open seat, republican there isheady 14 points. how worried are the deocrats? 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 usually, 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 comments. 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'sunilateral 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 nuses to workers, irs should reimburse hundreds of thousands of dollars spent by conservative groups trying to get their applications approved. an interesting idea. we like to hear from you. e-mail me from lou dobbs. follow us at lou dobbs news, go to our facebook page and links to all found at loubbs.com. the irs targeting of conservative groupsis a scandal that's still far from resolved. tonight, you'll meet katherine engineer he will brekt, talking about her fight with not only internal revenue service but

with a number of agencies within the ama administration. next. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around her finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. chse 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry!

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♪and the world will live as one♪ our next guest has been 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 before 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. >> ter application. >> 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, s. >> after your application did they audit you? >> many times. >> did thebi 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 wa inhich you were harassed by the federal government. did any charge, any allegation found against you? >> no, you know, irs we got refunds, osha is going 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 was 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 detail, no other rationale 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 noing has gone wrong, they have not asked about it at all, you know. we hear aut 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. which in and of itself tells us we have a government, at 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 hindsight, you see it clearly, but when you're in thee

moment, you 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 constitutional rights. wow. this is quite a letter to someone who is simply trying to preserve or perhaps in some cases 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 cousion, which stemmed from a fundamental misunderstanding of what true the vote is about. his allegation of our sending things to voters, we don't have the authority to do that, we've never done anything like that. 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 now with the ethics violation complaint, is it okay for a congressman to single out a private citizen and an organization like true the vote and decle an investigation afoot. >> and katherine as we wrap up here, the idea that you now have your tax exempt status, it was given toou last september, is

that correct? >> yes, i think so. >> and with that, you'reoing to move forward with goals and objectives of your organization. and we wish you all the very best. and go get hem. >> 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 asou proceed. katherine, thanks so much. very impresse, 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 people. his defense, too rich to know right and wrong. attorneys doug burns and re spencer on the affluenza defense. welcome back. how is everything? there's notng like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier.

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lou: 16-year-old ethan couch kied four people and severely injured two others in a drunken driving accident in texas last year. now after two trials and a much debated so-called affluenza defense, the teenager will not spend a single day behind bars. here to analyze how the american justice could allow such a result, former federal prosecutor, criminal defense attorney, doug burns, trial attorney, former prosecutor, remi spencer. remi, art with u. 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 incomprehsible. a couple of pointshat most viewers probably don't realize. this was a juvenile, not 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 the 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 pointof viw, 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 adlines kind of overran. >> a judge who may have made a bad decision. but forget the affluenza thing, it is stupid. sorry to so blunt. >> i personally prefer direct spoken language. >> thank you. >> the idea that this 16-year-old because he or anyone else because of age, he had a driver's license? >> that's correct. >> he is accepted into a highly responsible 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 anadult, the law certainly does make sense and he would be facing 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 this case, keep in mind he didn't get behind the wheel wth the intention to kill four people and hrt two other people and i think that is one of the thin the judge said at the time of sentencing, the recklessness of his behavior negated incarceration. >> that's going a little too far, in other words. >> recklessness 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 mitigating 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 abo juvenile versus adult. that distinction i can live with. this business of recklessness doesn't matter. if you run-down people 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 set il for curtis reeves, a retired tampa officer who gunne down a man because he threw popcorn. what in the world -- >> first of all, bail is supposed to be whetherr 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 fst week in criminal law. the response has to be commensurate with force presented with. if i throw 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 what 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 a strong case for the prosecution. keep in mind, that's a statement that the defendant made immediately after the incident. his wife even 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 recordings 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 phoncalls of an inmate to someone on the outside are monitored for safety concerns, for proof issues, for a number of coiderations. when the prosecution can put forth a proffer of something that will help the case, they get it. >> prosecutors prove they killed somebody, you prove they killed them. when they can't, often we're going to show he told aunt sadie a coded conversaon. >> 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 seconds. do you believe the prosecutors have 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 tgh 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,

leashing the second american century. maki a convincing case that despite all that is wrong with our government and all that we hear from europe and china, america's best days remain ahead of us. author joel friday night, buddy. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me.

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 sent is not assured and the 21st century is indeed an american century.

joel 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 driving anywhere. >> you know, if you take a walk around cambridge, massachusetts, around mit, as you have,hen you went to school, you walk around that area, you see the

forefront of world history taking place. it is the world leader i 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 like 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. >> alwaysad a great coffee, by the way, i wasn't there for myself, i was there visiting my kids. you say that companies, american companies, are producing a quarter of the world's gdp. >> yeah. >>ost people don't realize that. >> what's ppened 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 agreemen 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 clear, that's great news, the fact 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 fir place by both political parties is i think a mark of shame in american history. >> not only a mark of shame,

turned out to be bad business position. productivity in the united states is so f 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 either texas or california. 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 be out of energy within a few decades

is now the energy capital 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 govevernment al the while. >> exactly. but we have something other countries don't have which is unique to e 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 lks 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 for being with us. see you here tomorrow night. until then, good night from new york. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisco®.

>> ♪ saturday in the park ♪ ♪ i think it was the 4th of july ♪ >> ♪ whoa-ooh-oh ♪ listen to the music ♪ whoa-ooh-oh ♪ listen to the music >> ♪ even the nights are better now that we're here together ♪ >> in the early '70s, rock music mellowed out and showed a softer side. singer-songwriters, acoustic guitars, and sun-kissed melodies took over the airwaves and the sound of soft rock