ratings make up for her anger. i am here to serve you free of charge. i will have a bit of time. this is a fox news alert. a top aid to rick perry telling fox news that the texas governor will be entering the presidential race. it is 5:00 on the east coast and this is judge napolitano along with monica crowley and juan williams and dana. we'll have more on rick fer perry entering the race . all eyes on iowa. candidates set to debate two days before the iowa straw poll. demdeps having remorse not electing hillary clinton. i agree with them . broken promises and

allegations of physical abuse is some of the charges brought against george soros in a lawsuit filed by an ex-girlfriend. the five starts right now. first a roller coaster on wall street and a wild finish. industrials soaring more than of you points and sending the dow back up above 11,000. the president went to michigan and blamed the wild swings on the grid lock in washington. >> unfortunately what we have seen in washington in the last few months is the worst kind of partisanship and grid lock, and that grid lock has undermined public confidence and empeded our effort to take the steps we need for our economy. >> what is in store for the

economy in the short run. the market is on wild swings like never before in history. every since the debt deal allowed the president borrow 2.4 trillion . congress is on vacation and the president is about to go on his vacation . do we need more government, juan williams or law supply and demand. >> that would crash this economy, judge. we need more government spend i know that is not politically acceptable at the morning. any economist will tell you, we need the government to bolster and buck up the spending so we can see state government and local government function rather than go in to default. >> the government spent four trillion and it brought us to this. >> four trillion added to the national debt and country is broke and seeing that

reflected in the market and politically in the job approval rating of congress and also of the president of the united states. >> no, no, no. you are misread. >> it is a massive amount of debt crisis and what the left has done. we tried the experiment, juan and it failed. >> that's not true. if we invested seriously in stimulus spending we wouldn't be in this place and where we would be if he didn't have the small still still is a thorough depression. >> juan, lose a logic. tell a cocaine addict to use more coke to get over the problem. >> more tax cuts and less regulation . that is a great place. >> you are way out on your spending problem. >> remember this from the president, not all shovele ready projects were ready for shoveles would the money come from? >> judge, there is such a crazy distortion on the right

that said in my household budget we don't spend money we don't have . why should the government spend money we don't have. i don't know about the napolitano household. but we don't issue bonds or print dollar bills. >> but the federal government does these things . >> we have the money and where else we have the money. we have it in the pockets of the millionaires and billionaires. >> here we go. >> and that money in a shoe box and you think that that is invested to produce wealth and prosperity and jobs. >> there are so many jobs our unemployment rate is. the rich in the country and corporate barrons and record historic hice are not producing the jobs for the american people. >> dana, are you buying this >> no. i am just letting him sing. okay, i am not saying he's totally wrong on some things.

but any economist would say we need to spend more. that is not accurate. many say this is one of the problems. two things that i know in this debate. the president needs to go on a vacation . he is tired. he is tiring all of us. his language is flat. he has to read the teleprompter. we use them here but we are not the president of the united states. it is if i can finish. he's not encouraging people to be confident and he said today that you can hear it in my voice the frustration. that is not reaganisk. they are trying to paint the picture. take the hit on the pr hit of going on vacation and give him time off and let him come back with new ideas but certainly with a better attitude. >> take off a couple of years. >> you brought up the point, he was talking about frustration. i am so frustrated.

you deserve better. >> that's like mother saying i am sorry for your loss. >> juan, do you think he's exercised speech. we talked about that at 1:30 that was a disaster politically. i think the same thing happened today. he goes to one of the worst place in the country where the economy is at the nader and unemployment is at 16 percent and said it is because of grid lock in congress. how about not enough money circulating here to creating too many jobs. >> and we touch base with reality. that the industrial base is represented in michigan is clearly in decline in this country. we have had structural shifts. this president is trying to compensate. >> he gave them three million to create 150 jobs. >> you gave money to wall street. >> oh, this is where he went to johnson controllings.

>> wall street back over len. this is great. >> i am not saying -- >> he shouldn't give them money. that is creating new industry. >> this is what america needsment >> starting tonight with the fox news debate and going into this weekend, the political world will be focused on iowa the state that the president took over john mccain. iwans on president obama by the terrence group poll. approve 43 percent. disapprove 52 percent. our colleague dick morris said you can't get reelected if disapprove is above 40. his disapprove is above 50. >> it is not election day. >> who are they? >> they are high. that is high. >> that's the national average. it is about the same. >> that must be bitter for president obama, because iowa

voters were the one who gave him the initial push and gave him victory over hillary clinton and gave him the perception of momentum going into this . to see the numbers has to be bitter. but the truth is, iowa is suffering as everyone else in the country. >> fox polls found it is not just iowa. president obama's approval rating nationwide. 48 percent, look at this poll. 48 percent disapprove and 42 percent disapprove. do you remember a last time a president running for reelection had a disapproval. >> george h. w.. >> he lost. >> but also one of the reasons that george h. bush lost and his approval rating to record lows was because he broke his pledge not to raise taxes and the economy started sliding.

>> by the way, we have a difference in historic memory. he wasn't paying attention to the economy and he didn't focus on jobs and the american people thought to quote bill clinton it is the economy stupid. and because i love you, i will put up a poll you might like. congress received the lowest aprouval rating ever. 10 percent approve of congress . 81 percent is disapproving. take the poll and run with it? >> this is what i said to monica. throw these bums out democrats and liberals. >> and the liberals. democrats and republicans i should say. >> yes, it is a disgust with what they call duopoly. they are not looking for a third way. but they are more independent . hope elfly. >> there could be a third party. >> i have argued it is not two parties it is one government

party with a republican wing and democrat. >> coming up. big 20 12 news. fox news learning that texas governor rick perry will run for president . a preview of tonight's gop debate here on fox . don't forget to e-mail us at the five on fox news.com. we'll be right back .

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>> just moments ago, fox news learned that texas rick perry will be entering the presidential raceeight other candidates will face off in the debate in iowa . what will the hopeful nominees have to do to win over the american people. monica, do you agree on two things? first of the all governor perry now in a possibly

brilliant move that may make republican candidates angry he gets the headlines and will not debate. >> he doesn't have to take part in the big tussle or just any of his republican candidates . he will announce this weekend. leaks have come today and i do think it is a master stroke and will mix up the race in ways that we can't predict. but we predict when governor perry gets in the race, it will be a two man race between mitt romney and governor perry. the mitt romney campaign could be worried. governor perry brings a great economic success story in texas. >> second question for you. do you think higher stakes for governor pawlenty. >> it is divo do or die from governor pawlenty. he is a nice man and strong

conservative record as governor of minnesota. he released a powerful and emotional ad about the lack of jobs and economic crisis. it is i am not sure if you have nogain traction. beyond that i think he will drop out. >> and greg, do you think people are -- what are they looking for? >> i am looking for hair. lot was hair and it is a shame that perry is not there. could be a true tussle with romney. but i have a drinking game for the debate . you do a shot everyone time my eteamed colleague. usually five colleagues. do two shots if obama presidency as a downgraded presidency which will happen in the first five minutes. >> most of these candidates have run ads against obama and tonight they will run against one another. >> they have to do that at

this point. i am curious about monica's view. you think it will be perry and rommny. we know these folks and have respect for them. i don't see governor romney surviving the trials was a series of republican primaris and i suspect juan will agree with me because of romney care. i don't see how the conservative republicans will overcome the unified objection to obama care and argue that romney care is its predecessor. >> i agree with you. he's running as a front runner and shows he is the front runner. but that is absent of the governor piry or palin or others. he has a lot of clean up work to do with conservative namely on health care. it will be about the proper role of government. >> everybody on stage can say i am against the government state or federal forcing you

to buy health insurance except for mitt romney. >> what do the democrats think about the perry nomination. you said that would be your dream ticket. >> it might be a dream or a nightmare. >> you think obama would win. >> i love when he say great economic story. look at texas, all of the jobs are low income and low level jobs and largely, they are benefiting from people. >> no one wants. we have unemployment because people don't want those jobs and people are having extended unemployment insurance. they do in some cases. but the point is, i think it is mississippi and texas have created the most low income jobs. ron paul one of the candidates had something to say about his esteemed colleague. >> he's part of the status quo. i don't know of a view that he has that is different than the

previous administration's and his record doesn't show him as a stand out as being a conservative. he was chairman for al gore one time not too many years ago. i don't think that will ht us. >> i don't know where he is doing that. you go in the booth and got your phototaken. >> it is outside of the venue in the iowa state fair. >> he's like the lobe of the movie theater and ready to pick up a stuffed aninal. >> big surprise tonight and in the straw poll, ron paul. and yes. exactly . ron paul has organization and people and energy and college students. it fades juan. >> it is iowa time and iowa night. you better get some corn stalks in that hair.

it is iowa that is essential. >> some welcome rick perry in the race because they think more establishment republicans that ron is the cheese that stands alone. >> we have an establish. race. perry will have to challenge romney. anti-establishment is ron paul. counter tea party is michelle bachmann and she seems to be fading. >> he's not establishment. governor perry is not establishment at all. >> and michelle bachmann is not tea party . we will talk about it all night. tune in tonight at 9:00 for the presidential debate. >> and obama care going to cost 50 billion more than what the administration prodicted. we have those details next .

♪ >> i think it is for me judge. welcome back to the five. obama care has created controversy from the get go. you know that and a report this week said the cost of the program has been underestimated by 50 billion dollars. i have to point out right now that one of the authors of the paper said he's getting heat for simply reporting what he considered the facts. it would not be the fact so he would get heat from me. this is all speculation about how much obama care would cost if you factored in spouses, children and on and on and on. this is all part of an attack

coming from the right that still doesn't like the idea that there is affordable health care in america. >> it is not just the right. 55 percent of the american people want a repeal. >> you know what, 65 percent. by the way, let's be honest with each other. so many on the left president obama should have been aggressive. >> juan, talk to the hand, talk to you hand. this is something that the united states cannot afford. it is a new entitlement and we are facing an epic debt crisis. >> is that what you are hearing about medicare and medicaid. >> ghee, i don't hear that. >> the united states is going broke in two years. >> what seniors are saying, oh, miss crowley we have to give back the medicare money it is too much and it is bankrupting the government. >>urn the paul ryan reform and

current seniors are grandfathered in. stop trying to stir it up. >> current it ises don't like it and don't buy it. >> they are not affected by it. >> be honest about the conversation. >> is it not a fact that the report that we know none of them read omitted spouses and children when they calculated the cost? >> they were focused to single pairs and not families. >> many of us live in family. >> that's the metric we have applied o all of these. it was not done in a way to deceive people. people are not idiots. they are impartial judges and this guy and he and everybody on the right still upset about the fact that the president did something monumental and other presidents didn't get to

do. >> it is an epic disaster and talking down his job approval. 65 percent of the american people want a full repeal. they don't want the government in their eyeball and ear canal. they know we cannot afford this. this is just a tip of the ice burg. this is 50 billion a year. that is what they haven't accounted for. >> let me offer you a counter version of reality. americans are sick and tired of insurance company that rip them off and leave them sick and don't give coverage. >> that's true. >> what is the alternative. so many americans don't have any coverage. >> deregulate insurance across state lines and give you the policy you want. this is the debate. >> that's why so many people don't have coverage. >> we have example of that working. when the airline industry was

deregulated it worked. >> i don't know if this health care reform bill is bad or good. to me it is like a lemon that your parents bought out of the used car lot and as it is driving home, everything is falling off. and you are watching it crumble and hearing something new about the bill. and what, this is a good point. kansas is giving back mon yesaying they don't want the money for the health care coverage. don't forget joe wilson. it is the joint session and president speaking. look at what joe wilson had to say. >> reforms i am proposing would not apply to those who are here illegal. the president said it was not true. but some people who are here illegally are getting coverage. how are they getting coverage.

community health care centers that get health care are not and -- >> president obamos him an apology. >> they are federal fundsed in the local level and that is federal law be complied with . the obama administration is not complying with federal law because it doesn't care if it goes to illegal immigrants. >> that's not true. what is true the community centers and doctors are trying to help and heal and not saying are you here legalee or illegally and not playing the arizona game. >> i, attacked the arizona law. but talking about the president's accuracy. >> what about the f.b.i. agents and old ladies. >> you know what you are here illegally. >> apparently the president hadn't read that statute. >> or if he did grossed over the truth. >> leave the president alone

for a second. the audience will stay with us . the possible financial crisis could be around the corner and your student loan is said to be the problem. big five continue next. ♪    

>> in ames iowa. site of the republican presidential debate. there will be eight gop candidates for the nomination and talk about who will need a good showing to maintain viability and look at the debate set up heretwo months ago we spoke with three iwans about what they wanted for a candidate and caught up to see

how their answers may have changed and what is the straw poll . why is it such a big deal. was a crazy day on wall street . we now know the napes of the 30 american troops who died in afghanistan over the weekend. jennifer has that story from the pentagon . in the grapevine. when is ivation -- a vacation not a vacation for the president. now back to new york with my friends on the five. ♪ >> welcome back to the five. as if we haven't had enough financial scares lately. moody's say another crisis could be around the corner and that stunt loans would be the cause. in fact they released a formal statement warning the united

states that student loans could blow up this economy. could we put it on the screen please. in the long run. long run out. dana, graduating students cannot find a job and if you don't have a job, you can't pay back your loans. >> it has been building. collapse in fall of 2006. sally may and talk about fannie mae and freddie mac. sally may is the name for the student loan version of this. one of the problems, stunes are going to college and can't get jobs. but one of the reason system what they are studying. okay, maybe i shouldn't name it but soclogy. there is not a lot of

high-paying job in sociology . one thing that moody said, student loan debt outpaces credit card debt. americans are getting a handle on the credit card the student loan is a train coming down the pack. >> it is important point. i didn't learn anything in college. mine was a english major and it may be dumber if that is possible. >> yes, it does. i will not get into it here. i was drunk most of the time. not everyone was supposed to own a house and not everyone was supposed to go to college. there is better things to do to get a job out of high school and join the milt. other thing to do to get a degree in which you sit there and i don't understand not what is going on. >> but four years of party now cost yourself a fortune.

>> and july of last year, president obama actually nationalized a good part of the student loan industry. >> juan is thrilled about that. most of the money comes from the federal government and the federal government loans it to banks and banks loan it to individuals and they are supposed to pay it back. here's the problem. a lot of people shouldn't go to college and shouldn't have gotten loan to buy homes it is the federal government using the power to dictate social policy. they want people to own homes they couldn't afford them . people to go to college who will not be able to pay it back. >> we are talking about social engineering in the economy. it is -- >> it is partisan. >> let me say the reason that the president intervened last

year, there were groups of corporation and middlemen who were getting in and making zilion off of loaning money to students in need and see we eliminated that cost to put more mon neyoung people who deserve an opportunity to get educated. now to your point. >> yes. >> i might have been one of those kids who said you don't deserve a chance to go to college. >> i disagree. on my promise of hard work and pel grant. >> juan that is different. juan that is different. >> i don't want to support anybody. >> you don't have to support anybody. >> america is being a land of opportunity. we don't say you are from the wrong family. and oh, yes. that's what it boils down to. going to elite schools and

bmw's and saabs in the parking lot. >> it is not that people shouldn't have opportunity. >> i am not saying that the government shouldn't have a roll to give a leg up. but the taxpayers are on the hook for a lot of the mon yeputting our financial future in jeopary it endangers everybody who might have an opportunity or chance to go to college. >> that is true. >> it is not partisan. >> to me, it is a priority. if we need more entrepreneural people. our country, greg is no longer a blue collar country with a strong back and will to work that you can get a job in a infectry. >> there are not that many trade jobs. now you have to have an education . >> no one is using that. >> i am a liberal arts philosophy major and learning how to think and read and

understand the world is important. >> i didn't get any of that. >> you are making a great moral. but where in the constitution is the federal constitution to pay. >> it is no one paying. the american people said we want to support young people who demonstrated an interest in getting an edcage. >> every time we have seen the government whether it is education or housing. we see a warping of the economy . that's not good for the united states. >> and amen. >> coming up. there is nothing worse than buyer's remorce when it comes to your president. many are asking them if hillary clinton would have been a better president than barack obama. we'll give you five opinions next .

>> i am not that old, people. >> welcome back to the five. so an article in the britain paper cites doubt about president obama's reelection prospects. some dems are wondering whether hillary clinton would have made a better president. call it buyer's remorse. hillary was the same way bill dd her as a spouse. she didn't get the motor run so they left it for a mashing young lad named barack obama. when he entered the room the hearts flutter and hillary clinton faded away . now like all way ward husbands. it took two years what they missed. they worried they sark ficed manage known for unknown that gave them momentarily plires

and waking nup vegas without a watch or clue. it is no oner if dems want hillary clinton back. i would make them beg. oh, dana, would hillary clinton. >> that is brilliant. >> thank you. i feel badly about it. would hillary clinton been better or different. >> it is buyer's remorse. you thought the shoes were cute and go back oh, they are not . here's the thing it is only by comparison. on the national security front it wouldn't have been that different. i think he she would have made the call to kill osama bin laden. but what this exposes something that a lot of the media and left likes to describe as a true rift between establishment republicans and the new tea party folks, there is also one in the democratic party in terms was establishment.

the clinon, and establishment and biggest complaint about the left is not that he can't move to the right or center. he wasn't liberal enough . do i think she would have been more liberal than president obama, no. >> monica was it a trial balloon? >> i am so glad asked that question. june of 2009, i wrote a colume for the washington times saying that hillary clinton may challenge barack obama in a democratic primary. it seeps perposterous and she doesn't want to alienate the black vote and create a civil war. when you see these kines of stories, what are they seeking to accomplish and who benefits. it seems to me it could and far fetched and probably is. it could be a trial balloon in the black community and hispanic community and other core constitients of the democratic party would they be

that upset if hillary clinton had the chance to be the first woman. they did the first black president and now the shot to have the first woman president. i don't think it is that out of line. >> do you buy that juan. >> in the automaticster dam news approximate or baltimore american. i believe it was in the british press which has about as much credibility. my wife is upset. why am i hanging out with trusty old spouses. >> i felt bad about that and i apologize without having to. >> and both parties had the rifts and had them for years. vote on the house deal of representative 95 in favor 95 percent. 100% unfavor. on certain issues there is a divide. i don't see anybody running against him. >> he-- she's been dignified

and swalose it . in the dinner table do they sit there and inside think. i would have been such a better president. >> when you say they. >> i assume they are together sometimes. >> in 2008, we have a hyper fast society with the internet and cable news. in 2008, clinton brand was considered an old brand like we have been there and done that and obama was the new brand. now obama is considered the new brand and the challenge would be the clintons make the new brand. >> is that in democrat circles when people look at 2016 they look at hillary clinton and andrew cuomo. >> those are the best. he would be the new brand. >> the question is, would he be willing to work with hillary clinton? that is the fut are the of the

democrat position . >> that is not left from obama. >> no, they take it like that. >> a minute ago you asked if she would be more effective. no. >> i agree with you. i think she would have been more pragmatic and appeared a lot less ideogical. >> she would have espoused much of the same economic principles and you would have the same economic disaster and then people say i wish we would have voted for obama. >> adventures of vladimir putin. he's not shirtless. maybe he is. i honestly can't remember.

>> here is a story you will not find on media matters. adrion - ferrar is a brazilian soap star and claimed that george soros reneaged on giving her a two million apartment and said he slapped

her around. no charges were filed and there is a police report. judge, you know these things better than i do. is it frivolous. >> it is couched as a serious complaint because she hired a decorator and real estate agency and i think what george soros meant his corporation would buy the apartment and he would decide which one of his girl frens would live there. >> he would have the staff of media marries. that is his true mistress . >> all i can think of getting prepared for the segment, not for all of the money in the world. >> it was just two million. >> and not that for a billion dollars . >> what struck me about this. the argument that led to the lawsuit happened in bed. they were in a passionate embrace and apparently

according to the story george soros whispered, honey, i gave the apartment to another woman. generally not good. >> that sounds fishy. it doesn't sound true to me. >> quone if it was true. you went to the judge and said you know about this and i realize the judge read the complaint. i thought you were talking about personal stuff i was unaware of. i agree with you. i don't understand. >> he wouldn't have done it. >> he's 80 years old and she's in her 20s. >> speaking of odd people. vladimir putin went scuba dive loves to do things without clothes and followed by a bevy reporters and he discovered two sixth century urns five feet away from where he entered the water. he is a true superstar.

he came out of the water and said treasure. but what is absurd. what is worse that he knew about the whole ruse and went forward or he didn't know about it and he believed it. >> juan, he's flown jets and performed martial arts and shouldn't he be president of the world? >> why not. he man and we saw what happened to arnold schwarzenegger. you hit the right woman and she will bring you down. putin doesn't have a woman? >> he has several. >> to be president of the world he will have to climb over barack obama who wants that as well he came out of the water he was like boderek in tan . forget that he wrestled the tiger and that was the major thing and last week he swished a frying pan with his bare hands. >>