>> who creates job. my mission is to create jobs. >> create jobs. >> wait, what? where are the jobs? >> it's more than two years since the recession, but job growth has been slow, why is this recovery worse? i'd say because government now has too many rules. >> lemonade for sale. >> i tried to open a simple lemonade stand and couldn't make it through the month sody it without a permit. fox's lawyer gave me the okay if i didn't actually sell any. >> actually i can't let you trunk r drink this. >> i had to give everyone refunds and get the lemonade back. >> i shouldn't have sold it, i have to give it back.

how soon until american rules put the future entrepreneurs out of business? >> how is business today? >> and entrepreneurship does feel good, but government is at war against lemonade stands, cigar sales and marijuana sellers obeying the state's laws. >> we will enforce federal law. >> but we've got too much federal law and state law and killing jobs by making work illegal. >> police shut us down. >> illegal jobs and that's our show tonight. and now, john stossel. i tried to get the permits to open a legal lemonade stand outside the studio but it's almost impossible.

when kids sell lem noid authorities usually ignore the laws and lets them do it. and here is an entrepreneur who made big bucks when he sold his car and started sprint and then your ten-year-old daughter asks for a turtle and what happened. >> she wanted a turtle. had too many pets, i said no. the next morning she gets a great idea to start a lemonade stand. >> she wanted money to buy her own stand? >> right. >> and this is how america works, when you want something, start a company, create it. >> it was the most unbelievable day we had together and it really got-- >> why? >> because i saw the light bulbs go off her head for the first time she really understood how free enterprise worked, how business works. and how money works. and it exposed her to what

america is all about. >> and it occurred to me, what an incredible opportunity for us to do this all across the country, jump start businesses again, by getting the future of our country again. >> so you start in houston and say, let's have lemonade day. >> yes. >> the first time you got 2000 stands. >> yeah. >> now you're in your 6th year and you have 200,000 stands around the country. >> yeah, and maybe even more, so, our goal is to get by next year, a million stands in a hundred u.s. cities where we believe ultimately every child in america can do a lemonade stand. but there are some cities you won't try, san francisco, for example. >> there's an awful lot of laws in our country and those laws have unintended consequences and although the health department is designed to help protect us from bad good, bad vendors, it's preventing us from teaching

the youth of america what we have been doing for hundreds of years in the united states, and doing lemonade stands. >> most places they say, okay, it's a bunch of kids, lemonade day and we'll allow it. some cities say, no, they won't budge. >> and here is the good news. when the health department or the police and their representatives have gone out and arrested these kids, in almost every case it's turned into public outrage, where they're saying, you missed the point and you need to back down and the health department needs to become supportive. so when you do the lemonade day, you don't say, kids, sell lemonade. you have adults teach the kids how to run a business. teaches somebody called the four p's. >> and we're running the business said using the four

p's. >> place, profit. >> 14 steps, goals and planning and make them get an investor. >> lemonade day is all about, in a fun and experienceal way teaching you every step in the process. >> they have to get money to start. >> they get the elevator speech. >> meaning, it has to be quick enough a someone in an elevator could hear it. >> why should you invest in our business. >> one thing teaches kids, make your lemonade business visible. >> and like this guy, he is an important part of our advertising. and what's important it's attractive and making music, bright, flashy colors. >> things that people can see from far away. >> what are you going to put on your stands. >> balloons. >> most of them don't have goats by the stands and most health departments would frown

on you, but good of that child to do that. as i said earlier, if the kids trying to obeying the rules, to open even a little bit. they would never open lemonade stands, there are now 160,000 pages of rules, just from the feds. and people have to spend lots of money trying to understand and obey all these rules that's money that could have gone into hiring some productive people. 46 billion dollars a year to follow just the new regulations. the obama administration, at 46 billion a year that could have gone to job creation. alisyn frazier of the heritage foundation helped to come up with the numbers, alisyn. i think of bush as the regulator. some people said he was deregulator, but what obama has done is much more. >> it that's absolutely right.

president bush when he was in office had 28 majors new rules passed under his administration. in the first three years alone. >> we don't look at this and say maybe we have enough. they feel it's their job to add. >> it's the big fallacy that bush was a big deregulator, 28 rules, and obama is five times greater than that. and 8 billion so we've had a virtual explosion, almost a regulatory assault on our system of free enterprise and on our job creators. >> department of transportation, new standards tore air bags and should you get thrown out of a car, somehow saved. and department of energy, extra cost for appliances and these have unintended consequences. the extra costs, you use the new appliance longer. >> that's right. there's extra costs of these that are passed along with the

consumer. what a novel thought and consumers are going to make a decision as to whether it works for them whether to replace their refrigerator or freezer or central air conditioning and heating and may use longer, these less efficient types of appliances. >> they're not evil and i assume they're not stupid, at least most of them. they want to do good. >> i think that some of these things are well intended kinds of initiatives and i don't know that i agree that all of them are. but this is one of the problems when you have big government trying to take care of absolutely every perceived fault or risk, that can happen in any individual's lives. many unintended consequences and what we're dealing with right now. is really front and center in our economy, we can't create jobs because our economy is being assaulted by these new regulations. >> michael, could you build things today, ap lots of

money? >> it would certainly be harder. and take more. see, what happens with government regulations is disproportionately affects small businesses because they don't have the resources to be able to deal with it. >> the big guys, i've got old department compliance, i hate the word compliance department, we can handle all of this and help us against the little guy because he'll struggle. >> when you look at where the jobs are created in america, it's not in the big companies, it's in all of the small companies, and according to the kaufman foundation, which is the big organization 501 c entrepreneurship, new companies are going down. the number of new starts is falling and this is not good news for us over the long haul. >> what do you tell the kids about this? i can't believe the kids are dealing with compliance issues. >> well, at this point, you first teach them how do you

start a business and then you introduce the really rough, like regulations and taxes and the rest of them. let's have them have success first. >> and it keeps growing and they are having success and they come out of this excited about? i don't want to do this, this is a grind. >> of course, not everyone is going to love it. but, so many of them do. >> even if you want to be an artist, you're he an entrepreneur, and create a product, you turn around and sell it and this is all about how do we teach the youth of america to achieve the american dream and what's their role in that. >> i'm glad you achieved it, you moved your company from one employee to 1400 employees, if these rules make that harder, that's an awful thing for america. >> it slows down the process in a very big way. i thought we were supposed to be the land of opportunity. >> we were in that sense, but

we still are. it's just getting harder every year. the regulators as you you pointed out are great at making laws, how many every year do they take off the books when we find that they're no longer important? >> none, one, two? >> regulator don't get it. >> thank you alisyn frazier and michael holt house, coming up on tonight's show. >> global warming, and cigars and marijuana. ok, guys-- what's next ?

chocolate lemonade ? susie's lemonade... the movie. or... we make it pink ! with these 4g lte tablets, you can do business at lightning-fast spes. we'll take all the strawberries, dave. you got it, kid. we have a winner. we're definitely gonna need another one. small sinesses that want to grow use 4g lte technology from verizon. i wonder how she does it. that's why she's the boss. because the small business with the best tecology rules. contact the verizon center for customers with disabilities at 1-800-974-6006.

the sleep number bed. the magic of this bed is that you're sleeping on something that conforms to your individual shape. wow! that feels really good. it's hugging my body. in less than a minute i can get more support. if you change your mind once you get home you can adjust it. so whatever you feel like, the sleep number bed's going to provide it for you. at our semi-annual sleep sale, save $400 to $700 on our most popular bed sets. sale ends march 31st. only at the sleep number store, where queen mattresses start at just $699.

>> one thing about r defending individual liberties, i'm a little odd about what i see, no problem with sex workers, drug-- i'm talking you, rush limbaugh

and you clarence thomas and you, hl men kin, talking about your disgusting drug habits, you smoke weed, cigars, that could stink up a whole neighborhood. i think there should be laws that prevent people who smoke leaves in public places, but rocky patel says i'm unreasonable. owns one of the biggest american cigar companies. you must agree that to some of us, they stink and should ban it. >> it's an art form and transcended over generation, and once you enjoy cigar like enjoying a great bottle of wine and cup of coffee and really, many are respectful of people and they try not to infringe on anybody's right and enjoy the cigar, it's an art form and unique.

>> and we enjoy the cigar lounges and enjoy it on the beach if i'm not next to anybody, infringing on their rights and i think it's a great, great concept. >> but there are reasonable solution rules, noise pollution rules, you don't have a right to be a public nuisance and i live in manhattan. one guy on one block is offending lots of people on that block. >> you mean behind all of that taxi pollution and bus pollution. you'll be able to go in a cigar lounge and smoke in it. if you decide you want a raurn where you want smokers, with cigars, you have the perfect right to choose whether or not you want to patronize that restaurant or not. >> this is one area where we're in agreement. there are places called cigar lounges, consenting adults go in enclosed spaces and we're

not exposed and some people want to ban these? >> and in florida, we've spent a ton of money to make sure every 60 seconds we have 100% fresh air and you have cigar stores and lounges across the country everywhere and people should be able to enjoy a cigar and enjoy this. you have cigarette smokers smoking cigarettes and cigar smokers smoking cigars and this is a labor of love and art form and people enjoy it. if we're not infringing on others we should have the right to enjoy the cigar. >> san francisco banned indoor cigar lounges entirely and boston told cigar bars they have ten years to close. >> and in new york unless you're grandfathered in, you can't open another cigar lounges and these lounges create a lot of jobs and this

cigar, about 80,000 jobs and with the impending regulation where the f.d.a. is looking to regulate something they know nothing about, we're looking at absolutely destroying all these jobs and in an industry that's really-- >> what does the f.d.a. want to do and how does that destroy jobs. >> what the f.d.a. is doing, they want to regulate all tobacco and unintended consequences. you have, for example, here, this is a plus. it's called a cigar and right now the definition of a cigar is very, very broad, includes products like this, a tobacco leaf that comes in a mass tube like this and unwrap it, guess what you fill it with, marijuana. >> and kids call it blunt. >> and unfortunately we've fallen into the same category because the definition is broad. what we've done is introduce legislation what the definition is cigar is.

x amount of pounds per thousand and we have right now 164 sponsors in the the house sporting this legislation and giving the cigars exemption from the f.d.a. regulation. >> this is why i say the capitalists are the worst enemies of capitalism. here is a guy that says it's okay to regulate the other guys, but we premium guys should have an exempt. >> we're all for regulation of everything. we're done pointing out that we happen to be falling as the unintended consequences of something that they're after and it's very, very hard and nervous when the f.d.a. is down your throat and could destroy the business. and this could have 75% ugly warning stickers on it and every time i decide to make a blend, i would have to submit it to the f.d.a. and make sure that they would pass it so that i could actually have the-- >> and stop from introducing. >> i would have going through

case studies and have a million and a half dollars. >> and richard blumenthal from connecticut says that cigars is a serious threat to public health. >> you know, unfortunately, nobody's done their research, they're not educated by cigars, they have no idea about the concept of cigars and something whether you're a blue collar worker, whether you're a ceo, a doctor, get together. have a conversation. >> well, they do stink, but that the government can't tell the difference between consenting adults and a cigar lounge or walking humidor and public appalls me he, thank you, rocky patel, and next, people who sell marijuana, my next guest sold it for 15 years and a few months ago, the fed came.

>> the big egest illegal job is drug dealers. and using that word how nasty. i buy beer at a 7-eleven, no one calls the clerk a beer dealer or cigarette dealer. they're called cashiers or salesmen, but marijuana sellers are dealers and pot is illegal. because it's illegal doesn't mean it's not sold, a lot is sold. 55 million sold every year according to the drug czar office. and one person who sold drugs until recently was lynette, what did you sell. >> i was licensed in 1977 to sell medical marijuana not for profit for charity to work for incredibly ill people. >> in california you were the one of the first dispensaries. one of the first in the nation.

>> so you sold for 15 years some 3000 clients, call them patients. >> we do. we are definitely qualified patients under california law. come on, a lot of them are getting a friendly doctor to write a prescription. >> that's not the case. >> come on. >> highest rate of breast cancer in the nation, 50% of our patients were women and they absolutely needed medical marijuana to survive the team therapy and many of the states a place to go. >> i would argue that anybody if they're an adult would get this, whatever they want, you ought to own your own body, but that's for another show. you have been a good business person in your community, the mayor of your town says, you've been great. however, you're near a playground, near children? >> well, the ball field not used fine or ten months out of the year and when there was

ball games under all of our rules, a hundred rules, we had to close during the ball games so we're not open when the ball games are there a few months out of the year and the rest of the time the ball field is empty and not used, a little ball field. >> and the mayor says proximity of that is-- >> never a problem and got rid of the street dealers and children had less access to medical marijuana because the facility was a nice safe place for the patients to go and no more were street dealers u explain that. some think that when there's medical marijuana there's street dealers. >> no, no. >> because there's a legal place, incentive-- >> to have a location to go to that's regulated and audited and completely transparent, took away the street dealers.

they're able to lower the prices and make a safe place, that there was nobody on the street and the patients would chase those guys away because they didn't want to threaten our permit. and we cleaned up the streets by having this facility there. >> so, president obama running for office says i'm not going to be using justice department resources to try to circumvent the state laws on this issue. and federal law, state law in california, it's legal, but then last fall, the justice department held a press conference, made it clear no matter what state laws say. >> commercial marijuana operations are illegal under federal law and we will enforce laws. >> california's laws have been hijacked by people in this get rich and don't care at all about sick people. >> you hijacked the law to get rich. >> well, unfortunately i have no money, i'm a patient. i never did make money. i had a charity.

>> the department of justice sent a letter to your landlord you must be evicted within 45 days. >> it's like moving a hospital. i've been there 16 years, have three offices, 8600 medical records and all of these awards and all of the records and everything, but we, at the time of our closure we had 3,500 patients, who all now are crashing medically. we have overloaded public health services, emergency rooms, thousands of my people, crashing, you cannot substitute quality stabilized medical marijuana with crumby stuff from the street dealers. the street dealers are back on every corner, a tragedy, crisis and a mad house at the same time. >> one of the u.s. attorneys says she is he' protecting us from violence. >> where there's marijuana there's money and lots of it. these places are prime targets for robberies and violence. >> the way she says money, like money itself is evil.

>> we have never any violence, and call the police and it went away. a license no problem. call the police take away the bad guys like any other business. >> and you say, banning this is good for the bad guys. >> yes, the drug cartels are back and my friends the police are going crazy. >> and the planning commission is with you, the mayor, the-- >> oh, yeah, the town council and say we have-- closure would have a paradoxical impact of decreasing public safety. >> it absolutely did. it's been a terrible crisis, mean and wrong. >> mean and wrong, that's what government regulation often does. thank you, lynette shaw. sorry for what you had to go through. sorry for your patients. coming up, business is selling things that are totally legal. entrepreneurs who want to employ people and serve people, they're in trouble, too. [ male announcer this is the network --

a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across allhe right points, automating all the right actions... [ beeping ] ...to bring all the right results. it's the at&t network -- doing more with data to help business do more for customers. ♪

>> what are you allowed to do on your own property? >> well, in america, fewer things all the time. a woman bought this house, hoping to turn it into a wedding rehe ception center and bed and breakfast, instead, it sits there empty because her local government would not let her have a

business on her property. >> also, once ann started farming oysters, friends dried them. delicious, so he increased production and sold them to others, but now, even though he farms the oysters on his own property, got seven state permits and licenses, his county's charged him with illegal farming. so, here are our two criminals, kelly goodman owns the empty house and greg garrett, the oysters, what's the county's problems? >> they have a zoning ordinance about 450 pages. >> john: on top of the federal laws i showed before there are state laws and there are city laws and county, 400 pages. >> yeah, so, in my case, they came up with the zoning ordinance that they said they could prohibit our oyster farm. even though we have the right to have a pig farm, we have the right to have a buffalo farm, we can grow goats, we can do any type of

agriculture. >> john: you're licensed for agricultural and live stock. >> we're zoned, zoned for agricultural and live stock. >> john: oysters seem like less after threat to community about buffalo. >> not only are they not a threat, they clean the bay. we're in a situation where the bay must be cleaned. >> john: how do they clean the bay, how do they clean the water? >> each oyster cleans up to 50 gallons of water per day, of sea water per day, how the oyster grows, takes in water and fits it out. in that there's a purification that takes place. >> john: we called the county administrator says we're not doing anything wrong, yes, he can have live stock and horses, here is why he can't have oyster and my smart producer talked to him for 12 minutes and still has no clue what the law is or what he's talking about. what's the case with a lot of american laws. >> it's kind of like to have another laws on the books, you

can find something that anybody you want to accuse of a crime, or you want to accuse of doing something wrong, there is a law out there for you to catch him on. so, that's kind of what they've done. >> and in the statute, says in the event of particular use is not lifted, but use shall not be permitted unless zoning administrators okay. and gives them the power to run your life? >> that's what i've actually called, china position, even if it's not listed in this book, if you want to do something on the property and not listed in this book, even though it's otherwise legal, not prohibited, the fact that he's not listed in this book means you cannot do it unless the zoning administrator says that you can. >> john: gives him a lot of power. let's go to you, shelly. you buy a big house, a nice looking house on ten acres with the idea when you have your own house, you don't even

live there. >> we don't live there. it's ten acres, 13,000 square foot house, it's a mansion, a beautiful property. it's really, really unique, to chandler and you might find it here on the east coast more often, but in arizona you don't see anything like that. >> and bed and breakfasts are common and you wanted to use it as a small inn and have weddings there in a pretty location and you just assumed you could do that. >> no, we knew a special use permit before we purchased the property, however-- >> why didn't you get it first? >> the property was in foreclosure and the bank was in it, it was dying, the trees were dying and landscape all of it dead, and the house was in disrepair, and it a number of break-ins, and vandalism and so we saved it, we did, we saved it. >> john: rescued it. >> yes, rukd it. and then you moved to say we want to have some weddings here and they say no? >> that's correct. >> john: because my bother the

neighbors? >> and we went through a year and a half with the city appointed staffs working on regulations, ada, fire suppression, make sure it was safe and all of those things. >> john: you paid for a traffic study. >> yes, we do. >> john: $3,000, one of the concerns of the neighbors was that we would increase the traffic. >> the road handles 35,000 cars a day, so, that everybody says, got to increase the traffic. >> there's no entrance into the property other than the main thoroughfare, which is an arterial road. >> john: you had a sound study. >> we had people on a holiday weekend 10 p.m. and do a baseline sound level, and then, they compared that to all of the sound levels of, you know, hundreds of people talking the at one time and and cars. >> that cost more than $3,000.

>> yes. >> we talked to one of your local councilman and he thinks he's doing a good job and trying-- i visited the site twice, i met with you and their lawyer. you had to have a lawyer, several times, i read hundreds of e-mails, we had a four hour meeting and then decided and the fact that you have to go through all that says a lot. >> we worked with their staff for a year and a half and got full approval from the staff. full recommendations from the city's own staff, saying that this was a viable property, that it was going to make a business, and that we had complied with the concerns of the neighbors, and the staff regulates those e-mails and calls from the neighbors, they heard all of the opposition as well and so, to have less than a month with the city council, who makes the final decision, was a little. that was a little confusing and frustrating as well. to see that they then said no.

>> and it's now sitting there empty. >> sitting there empty. >> on ten acres of property where i think it wouldn't bother other people. now, presidential candidate george mcgovern, a liberal democrat after he lost, tried the same thing, start an inn in connecticut and it was a shock to him when he had to go through. he said, i wish during nigh years in public offers i had the firsthand experience of the difficulty business people face. we are choking off business opportunities. >> i mean, the presidential candidates, they all should try and business and see what you go through. >> with so many layers of regulation, i mean, the federal government says that aqua culture, what i'm doing is agricultural. >> and covered under the agriculture. >> and the county zoned my land to do agriculture, but somehow oysters are worse than

pigs. how is that possible? >> thank you greg, shelly goodman, coming up, i wish you luck. and obama's epa says now it has the power to regulate this, the way we exhale. i'll explain next. ♪

[ male announcer ] from our nation's networks... ♪ ...to our city streets... ♪ ...to skies around the world... ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. northrop grumman. >> this is a fox news alert. i'm clauda cowan, we want to take you to seoul, south korea where president obama is about to hold a press conference,

nations taking a security summit aimed at keeping nuclear material out of the hands of terrorists and the president's visit and this come at heightened tensions with north korea which plans to launch a satellite next month and the u.s. says it could use the launch as a cover to it is a weapons delivery system. the earlier in the day the president visited the dnz, the demilitarized zone and here they are coming to the podium. >> after your arrival, and mr. president, i'm sure it was a chance to witness firsthand the reality of division that has been a part of korea for such a long time. and i gather you had a good time meeting with the members of the armed forces from both korea and the united states and thank you for encouragement that you gave these men and women in uniform. today, ladies and gentlemen, we had a very useful and constructive discussion on a wide array of issues.

for north korea's nuclear and missile development and other security issues and to pro both the lateral trade between the two countries and other topics of mutual interest. and we talked about the security situation in the region and the situation on the korean peninsula and agreed to continue working closely together, in implementing our north korean policy and both countries agreed that the attempt to test the long range missile is a violation of the u.n. security and between the u.s. and north korea. therefore, president obama and i both agree that north korea must immediately repeal its decision and abide by its international obligations. president obama and i agreed that we will continue to enhance and strengthen our

combined defense capabilities and at the same time firmly respond to any threats or provocations from the north. if north korea gives up its pursuit of nuclear weapons and missile development and instead chooses a path towards peace and cooperation, our countries will work together to help improve the lives of the people in north korea and provide necessary assistance that will help north korea open up a new era. and we reaffirm the value and importance of our enduring alliance and the future vision of our partnership. following the adoption of the future vision of the alliance which was adopted in june, 2009. our lives are evolving into a truly global partnership where we are working shoulder to shoulder, to resolve global

challenges. furthermore, we reviewed the progress being made in our alliance, which has the transfer two plus two security and we'll strengthen our deterrence capabilities. and strive towards a future orientated alliance. ladies and gentlemen, we will also work together so the course that came into effect last march 15th willful fill its goal, that is creating jobs for our workers, expand trade and investments and overall improve the lives of our peoples. >> and accordingly, in order to ensure the faithful implementation of the this. we will establish a joint committee as previously agreed. and check upon the progress.

president obama and i also exchanged views on the state of the global economy and shared our concern regarding the uncertainties that still remain. and in particular, we share the concern that rising oil prices is an obstacle to speedy recovery on the global economy and agreed that anal cooperation needed to be further strengthened to bring about stability in the world oil market. >> and of course, we also talked about regional issues, issues in the middle east, afghanistan, and others, including iran and how we can strengthen the international cooperation to bring about regulation to the issues and i welcome president obama once again on his visit and said it was president obama's initiative born out of his vision, for a more prosperous

world generation and we will continue to together achieve a world without the weapons and i thank him and his team for the help and including the security summit. thank you. >> well, good evening, everyone, thank you my good friend president lee he for your very kind words and thank you to the people of korea for your gracious welcome. this is my third visit to the republic of korea as president. it's wonderful to be back and once again i'm grateful for hospitality. this visit reflects extraordinary friendship between our two people. my wife and i were proud to help strengthen those ties when we had the honor of hosting president lee and first lady kim for a state visit at the white house last fall. and during that visit, i learned a korean word that i believe captures the deep affection between our people, and i feel that's spirit again

today. my visits to korea reflect the leadership role that south korea is playing in this region around the world. a global korea. i was last here he for the g-20, a success under the president's leadership, now, we're back along with more than 50 world leaders for the second nuclear security summit. and in fact, just today, we saw another important step forward. we learned that ukraine completed the removal of highly uranium from its territory and the awe crane from the last security summit in washington and i believe it's the preview of the kind of progress over the next two days in confronting one of the most urgent challenges of global security, securing the world's nuclear weapons and preventing nuclear terrorism. and my visit to korea reflects the enduring alliance and my last visit as we marked both

the 60th anniversary of the korean war and veterans day and today i traveled as president lee mentioned to the dmz, to thank men and women in uniform, american and korean who serve shoulder to shoulder and they're the reason that we can stand here free today and prosperous here today. and we salute them all. my visit to korea reflects the fact that the united states is leading again in the age of a region that will affect american security and prosperity in the 21st century like no other. as i dehe clared in australia last year, the united states and the pacific nations will play a larger and long-term role in shaping this region and its future and the cornerstone of our efforts is our strong alliances, including our alliance with the republic of korea. this is the context for our meeting today and as president lee indicated we had a very good discussion on a wide range of issuings, we reviewed our ongoing efforts to mod

tore our security alliance and agreed to have our foreign and defense ministers meet in june to discuss concrete measures we can take to continue strengthening that alliance and on track for korea to assume operational control for the alliance in 2015. i reaffirmed as i said in australia that productions in u.s. defense spending will not come at the expense of the asia pacific and includes south korea, america's armed forces are going to stay ready for the full range of contingencies and threats. the alliance between united states and korea remain unshakeable. we reviewed our great progress in bringing our economies closer. during our last visit to seoul. we pledged to get it done on president least's last visit to washington and on this visit we can say that our trade agreement is now in force. and we got it done. and this is a win for both of our countries. more jobs and opportunities

for our workers, and businesses on both sides of the pacific. and that includes supporting some 70,000 american jobs and keeping us on track to meet my goal of doubling americans exports. we discussed regional security and includes the issue of north korea, last month, north korea agreed to a series of steps, including a moratorium on long range missile launches and this month, north korea announced intentions to conduct a missile launch. and as president lee mentioned this would constitute a direct violation of their own commitments and international obligations, moreover, it would only deepen north korea's isolation and damage further its relations with neighbors and seriously undermine prospects of future negotiations. i'll have more to say in my speech tomorrow, about our commitment to security and peace, on the korean peninsula and the choice pong young must

make. and will not make anything by threats or obligations. north korea knows hits obligations and must take step to meet those obligations on that the united states and republic of korea he are absolutely united. and since south korea is one of our global partners we addressed challenges to national security and i want to thank south korea for important contribution and reinstruction in afghanistan and updated the president for our n.a.t.o. summit in chicago where we will chart the next phase of the transition to afghan and thank the president of south korea strong support of sanctions in iran because of failure to meet its international obligations, i know this decision does not come without costs both to the republic of korea as well as our own country. but the prospects of an iran with nuclear weapons would be a threat to the world. and this is one more example

of south korea stepping up and playing a leadership role on the world stage. and finally, we're deepening the ties between our people. we agreed to expand educational exchanges, which will give more korean students the opportunity to study in the united states, which benefits both of our countries, so, once again, president lee, i thank you for your hospitality, for your leadership, our alliance is strong, our commitment to security and prosperity of our people is unwavering and i'm confident that under south korea's leadership the nuclear security summit is going to be a great success. >> thank you. >> that was president obama and south korean president lee speaking in seoul, south korea and thanking president obama for meeting with members of

the military, of south korea's military, the demilitarized zone and pressuring north korea to change its rogue ways and the two world leaders saying they discussed trade, global oil prices and other issues like regional security in particular, when it comes to iran. obama called president lee his good friend and partner, on this, his third visit to south korea. we'll have much more coverage of the president's three-day visit to south korea throughout the day, and starting with fox and friends, coming up here in just a few minutes. this has been a fox news alert, i'm clauda cowan in washington. >> john: for the epa-- it's come in and ruined lives. >> most of us are lucky enough to escape that kind of abuse, but the rules still tell americans, don't try. don't build anything, don't innovate, don't create anything knew, just do what people have always done. big government makes us all small.

that's our show, thanks for watching. ♪ when it comes to paint... ...there's one brand that always tops the charts. so let's grab a few of those gallons- at a price that's now even lower. 'cause when we mix behr ultra paint and primer in one... ...with a few hours... ...we get more than just color... ...we get top-rated coverage. the kind wakes up walls, and reinvents rooms. more saving. more doing. that's the power of the home depot.

behr ultra paint and primer in one now starts at just $29.38, it's lowest price ever.