i'm a big sflupply sider.avid, when you cut taxes and continue to spend, it's called debt and deficit. but that's a whole other conversation. the reality of it is today was great but that's not what people are getting told tonight. that's not what people are seeing and hearing coming from this tonight. it's the two cadillacs. it's the stadium with 1,200 people in it. they've got to figure out a way to line that message up with the visual so that people get the full impact of what this is all about. >> the only thing wrong with two cadillacs is that ann romney should have owned two ford lincoln navigators because ford didn't take bailout money. the rest of it, who caves? that's the american way. cadillacs from the 1950s. they have fins and they hug the road. >> i'll tell you why it's important. it's important because you've got people trying to keep the one cadillac they have. you've got people who are trying to get back to work -- with gas prices going what they're doing and with the economy still where it is

you're a growth guy, a supply sider. don't understand how that grows the economy. >> it doesn't grow the economy because of effective top personal income tax rate goes to 44.8% in 2013. you and i both know that 8 out of 10 businesses in america file their taxes as individuals, subss, locs, partnership. we're going to tax where half our jobs come next year at over 45%. the canadians are dropping their tax on their businesses to 15%. the chinese are at 25. the irish are at 12.5 and president obama is saying we're going to tax all these successful small businesses at about 45%? and even taking these tax increases, just those bush tax cuts, the top two rates, that pays for something like 12.7% of his deficit spending. the so-called buffett only pays for 6.7% of his deficit spending. put aside all the economic damage of these tax increases due to capital and business formation and small businesses. it doesn't even come close to paying for his spending binge that occurs over this period of time. >> are there any legitimate spe

i do not even own a pair of top- sider is.when i talk to folks about this, one of the first things they say is how will this impact me as a regular resident? i do not go to the marina. i do not know what a yacht is really. they see these -- the potential for a lot of money flowing back and forth. it would be very helpful for them to be able to have access to how this opportunity is going to improve certain aspects of regular access to services. in a way that they can distill information quickly so they do not have to shift through and find out there is going to be augmented service or there is going to be a new bike pilot, bike share pilot. if there is any way we can in our attempts at communication or media, if we can -- if you will consider putting together something that speaks specifically to residents and how will this improve my overall community during and-or [unintelligible] the event would be helpful. just to build off of the director's comments, it would be exciting to see lots of way finding and i hope you will cons

the artist neo had an event, it's his midnight brunch pregrammy party and i'm told by a music end sider there wasn't a dry eye in the house. everyone was so extremely emotional. ray j a close friend of whitney houston, they were reportedly romantically linked several years ago, they had remained close friends, they were told he was going to pick her up from her hotel in beverly hills to take her to her favorite party of the year, the clive davis party. he was extremely emotional and told by my source he spent the entire night with his head in his sister's arms, in his sister's lap we're talking about brandy. just so devastated, so broken up, as are many people in the music industry and beyond. people pay tributes to whitney houston, reflected on personal experiences with her and came together to not only console each other but to remember this iconic super star. people are still so in shock and we'll be heading down shortly to the staples center where the grammys will take place and this is something that's undoubtedly going to continue as the night progresses and we speak to people on

uwe, the harrison campaign embraced the caricature. >> join the run for harrison, log cabin and hard sidered at harrison campaign stops everywhere. his opponent martin van buren was tared as the rich out of touch guy. ironic since harrison was actually born here, a plantation in virginia. nope, not a splinter of truth to the log cabin story. >> we see this still today. there's a desire if you happen to be an achris toe karat running for public office to make yourself seem like one of the people. >> reporter: the public bought the image and everything associated with it. 80% of eligible voters turned out, a record to this day. at a time when life expectancy was just 39.5 years old, william henry harrison was sworn in at age 68. that would be like 110 day. >> something amazing. he was very hardy. >> reporter: to prove it, william harrison delivered a two-hour speech on his inauguration day. in the rain. without an overcoat. he dropped dead 31 days later. >> he's a great lesson in bringing an umbrella. >> reporter: an umbrella and wearing a hat. >> and not making a two-hour speech. in general

cutting all marginal rates 20% down to -- 28% for the corporate tax rate, he is trying appeal to supply siders and to the other supporters of the tea party. they are among the biggest lagger in terms of liking mitt romney versus santorum. >> he put out a plan in september, it was a 59 point plan. >> nobody read it and he never talked about it. >> this is an attempt to take a second bite at the apple, it comes at the same day that dl s there's a debate. you have critical michigan and arizona primary next weekend, he is trying reset and make a direct appeal to the tea party folk who is are at their heart, economic conservatives, these are people that want government out of their financial live approximats, this is an attempt by saying i'm one of you. >> this is how he described his own tax rate today. >> i'm going to lower the rate across the board for all americans by 20%, and to not add to the deficit and in order to make sure we continue to have progress as we have had in this past in our code, i'll limit the deduction for the high incokoco folks. >> he is trying get a hold of the messaging,

but from the local perspective we're seen as outside sietsd siders and occupiers. that is why ultimately the strategy we have we're going to turn over security to the local government is doomed to fail. >> shep: in part because the fact is we propped of the president there and every single human being involved with the process known that hamid karzai is corrupt and in office through a corrupt process. after begins know it and americans know it. >> that is exactly right. that is what we're going to see. we're going to see him cut deals and eventually he'll go down and we'll be left with chaos. we say we have a strategy and we have resolve but the reality, we're not willing to use the resources and to invest the decades that would be required to actually turn afghanistan into a stable self-governing nation that is not a threat to its neighbors. if we're not willing to put resources, we should accept the fact is not going to get any better and not worth any more dead americans. >> shep: our troops have tried, they have done more good deeds, from schools and infrastruc

. >> were you able to get over--i know you're west sider. were you able to get over to ford field?> i didn't get to that one. but last week did i go to the oakland republican where they had senator santorum and 1500 people at the nova center. i've heard governor romney before. i had wanted to hear governor santorum. i have not made a decision. my husband and i are still talking about it. we're still undecided. >> well, so i'm holding up my hand so people can see the michigan map, and what she's saying on the west side of michigan, that's where a lot of republicans, and actually terry is from the west side. down here is where detroit is, and that's the economic-republicans if you will where high school romney's base romney--where a lot of romney's base is. would you think that romy would do well. >> i don't see how romney would not do well. he has raised over $1.6 million in michigan. he's the top fundraiser in the presidential race. i believe he still wins michigan. but the reality is on the west side of the state as you held up your hand, and we do it, too of course, santorum may

reaching out to blue-collar workers that santorum is the blue collar guy, he's the blue collar supply sider and he wants to favor and boost manufacturing, mona. this is a big race so does george and mitt romney versus santorum in the blue collars. >> it's huge. if romney does not win michigan by a significant margin, his status as front-runner, i think is going to be at an end. he must win this and he must win it decisively. >> you know, the argument that santorum makes that he's going to favor manufacturing, romney does have an answer for. he says if you do that, if you put into the tax code that you get an advantage because you're a manufacturer everybody suddenly becomes a manufacturer so he needs to make that argument, but further, he needs to do one other thing and this is critical. instead of talking about himself and his past and his record in massachusetts and his career as a businessman, he really needs to talk about the future and about what he'll do in the first 100 days and kind of a contract with the voters, if you will. >> i like that. i think that's an interesting point. jimm

the people who seemed like out-siders, radically anti-state but will shape the future of the party if them away. >> speaking to newt gingrich in south carolina, he said he was trying to find a special role for ron paul. he wasn't implying vp and mitt romney, now, there's reports mitt romney's wife and ron paul's wife have become friendly and reports they're coordinating things like when they appear in the press. what if anything would get ron paul on board if mitt romney ends up being the nominee with a mitt romney? is there anything or is that sort of anti-ethical to who he is, to being a movement to saying things line "end the fed." >> if ron paul is not the candidate, i'd be very surprised to see him actually endorse mitt romney. but there's a level at which he might not go after him as much as others because mitt romney is not going to come around on ron paul's foreign policy issues. he may come around a bit on the federal reserve stuff. he may become stronger on statements of how much he'll cut spending. i think ron paul would be seen as a bit of a sellout if he endorsed mitt rom

, detroit should go bankrupt, his renewed attacks on the bail out of detroit, are to the point in siders are openly panning him all over the press. the head of the largest auto dealer attacking mitt romney as reckless and dishonest. the ads that romney is running against rick santorum in michigan are not that compelling for one. but more importantly, they don't tap into any previously existing well of hatred for rick santorum on the republican side, the way his attack ads did against newt gingrich. now, rick santorum and his billionaire, the aspirin breach between your knees, he's beginning to cut down mitt romney's overwhelming financial advantage when it comes to ad spending. mitt romney is in trouble. mitt romney is in trouble. this is a crisis moment. the single best thing that could happen top mitt romney in michigan and therefore for his presidential campaign overall, the single best thing that could happen would be for something to come along to split the vote against mitt romney. to split the anti-mitt romney vote, to split the support that for these last couple weeks has been go

as a supply sider i object, but the president is touting corporate tax reform with something called amum tax to pick up overseas profits. that's not reform. isn't that just a brand spanking new tax hike on companies operating overseas and a double tax at home? what's that all about? >> yeah. i agree with you. i think that additional taxes on corporations are not the right way to go right now. what we should be doing is moving in the direction of lower rates or even better, what i happen to like is full expensing of capital so that you get big incentives for investment right now and those are the kinds of things that we should be doing, we could be doing, but we're not doing. again, if you look at the international situation and you look at what other countries do with respect to their tax treatment of capital, it's just a lot more favorable than ours and that induces capital to move overseas and we're not getting the investment growth that we need. >> to talk about dividends and capital gains taxes increased to rates as high as 39 1/2%. when you couple that with the marginal tax rate

you are a confident man, and you are supply sider who believes that tax cuts do pay for themselves overistory doesn't exactly vindicate your position, although i wish it would. i admire your confidence. >> larry, let's also remember we've got to get the base right here as well as getting the rate down, and that means we should be ending double taxation of def dendz, not worsening it like obama. >> thank you, gentlemen. we didn't solve it tonight, but we're going to work on it some more. that's it for this evening's show. as always, thanks for watching. ron paul on tomorrow night. talk presidential politics and policy. [ male announcer ] there's been a lot of talk about the chevy volt lately. how about some facts? the chevy volt was one of the most awarded cars in 2011. the volt's battery has been tested for more than 395,000 hours. ♪ and, most importantly, the volt has received the highest overall vehicle score for safety possible. [ cheers and applause ] the extended-range electric chevy volt. hard to argue with the facts. ♪ today is gonna be an important day for us. you ready? we wann

. >> and the reality is even for us hardcore supply siders you can't just cut taxes and do nothing elseto give him credit. he wants to get rid of medicare. that should get a few points -- >> you know he doesn't want to get rid of medicare. >> ryan plan. >> the ryan plan is a hybrid that has choice and the pivoting system. by the way we've got to cut a trillion dollars a year out of the current services baseline on spending. that is crucial. dean baker, thank you. dan mitchell, thank you. mitt romney and all the other candidates, thank you. that's it for tonight's show. all i want is a nice special supply-side growth plan like paul ryan, who's our special guest tuesday night. we'll talk budget and tax reform. ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 you know what? ttd#: 1-800-345-2550 you can't create a retirement plan based on ttd#: 1-800-345-2550 a predetermined script. ttd#: 1-800-345-2550 at c

>> go out for fish and chips and sider after this! >> don't get carried away!ry much. megyn: that was awful. coming up, the trial of a high profile hurd takes a turn, two young women have come forward to day that the -- say that the defendant george huguely tried to contact them within moments of killing yeardley lub. why did he do that? how does this impact the case? the prosecution has rested. next, in kelly's court. >> the only thing that's important is whether or not she would be alive if he hadn't put his hands on her. >> hopefully they will agree on intent versus whatever else. across the golden state, where everyone has been unbelievably nice. mornin'. i guess i'm helping them save hundreds on car insurance. it probably also doesn't hurt that i'm a world-famous advertising icon. cheers! i mean, who wouldn't want a piece of that? geico. ah... fifteen minutes could save you fifteen percent oh dear... or more on car insurance. 2:30 in the afternoon, a lot to do, and you've hit the wall. but you got to get stuff done. so take 5-hour energy. just open it up,

. >>> a new crackdown on incompetent sider trading and congress in the works.congress is not illegal. we have a former congressman who's going to walk us through all of this. straight ahead. stay with us. >>> good morning. welcome, everybody. there is a new warning to tell you about about iran. it might be looking to launch terror attacks on u.s. soil. barbara starr is with us this morning. obviously this sounds terrifying, barbara. what's going on? >> reporter: soledad, yesterday on capitol hill they said in public for the first time that iran, in his words, has changed its calculus and now is more willing, indeed, to conductor or list attacks on u.s. soil or against u.s. interests abroad. continuing to get a lot of attention on that early this morning because iran, of course, is suffering from the u.s. and allied sanctions against its oil exports, against it's con mi to try and pressure it to not develop a nuclear weapon as iran feels that pressure, will they lash out? that is one of the key questions now that the u.s. intelligence community is looking at. >>

you've got your supply siders and got people who say you can't have investment unless you have aggregaterity of investment comes from innovation. look at facebook. nobody knew there was a requirement for facebook a few years ago, but there are thousands of jobs being produced not just by facebook, but in the telecommunications companies, the people that make the routers, the people that put in the high speed lines and so forth. so i believe that the fundamental problem, the reason that huge amount of money is on the sideline is the you states is not as good a place to invest as other places around the world, because of growth there, and we penalize profits made abroad from being brought back in the united states, where they can be invested and produce american job. >> it's bob johnson. i don't know if you were in memphis but i was singing your praise on a tv interview i did in memphis announcing the opsplace.com site we're building. you were one of the first subscribers to it in terms of its effort to create more jobs for minorities, so i'd like you just to comment for our viewers as to

. >> let me read, it's the second full screen -- >> you're sounding, by the way, a supply sider. >> youd interesting issue because -- >> the greater freedom of iran. it's a fine balance as we also deal with what's happening from within, which is a crumbling infrastructure and other problems. >> no, of course, when people talk about the rise of the rest and they see that as somehow a threat to the united states, i think it depends on who's rising. i'm not concerned about brazil's rise, india's rise, turkey's rise, i think that benefits the united states just as japan's rise benefitted the united states. china's going to be more of a challenge and a more difficult problem to deal with. i think we can deal with it effectively. i think the administration right now has a good balance on dealing with china. but that's going to be the kind of rise that creates problems. >> i find it interesting because there was a study done that 2/3 of americans think china is a friendly partner not worried at all, and that goes against a little kind of intuition, you'd think there'd be a bit more fear about

year which alleged that members of congress and spencer bachus in particular may have engaged anyone sidere. spencer bachus talked to larry kudlow after the original allegations came out. >> i buy non-financial stock etfs. i don't buy financial stocks, and when "60 minutes" called and said you short a g stock and you bought etfs in the financial sector i said i don't think that's right. let me get back to you. i can't imagine doing that. it actually scared me. >> reporter: since the news of this congressional ethics investigation broke, we've got a written statement from congressman bachus saying he respects the ethics process. he looks forward to a full exoneration, that he's followed the rules governing congress but neel kashkari who served in the bush treasury department at the time when the treasury department went to congress and asked for immediate action on t.a.r.p. because of the threat to the financial system, expressed some alarm today at the prospect any member of congress would have been trading on those briefings. here's neel kashkari. >> we had republicans, democrats, the hou

just cutting taxes, supply-sider across the board and reducing the size and scale of government, that is not enough. if that is all we do, i am confident we will not succeed. we will not succeed economically and more importantly, we will not succeed socially and ultimately, we will be back where we were before with government taking the upper hand again. why? because, we will not have done the things that are necessary for people to rise in society and for society to be stable. let me talk to you about how we need to have an economic plan that includes everybody. tim mentioned the fact that we had manufacturing that was 21% of the work force when i was growing up. it is 9%. when i grew up in pennsylvania -- my grandfather was a coal miner. i knew that was the wealth. it was not great. it was well thought that was sustaining the families and allows spokes to be able to participate in organizations. and they can produce a bit in the help of their community, which is vital for the health of our country. -- they can participate in the health of their community, which is vital for the heal

that is the nature of the capital and investment and risk and nature of keynesian and i'm a supply sider and i don't believe that borrowing money and handing it to people and spending that money is how we are going to recover from this economy. we are going to recover from this unward economy by producing goods and services that have a marketable economy. if we do that, we'll economy and rebalance our trade deficit and make industry strong again and be the powerhouse of the world. and when that happens, we are strong culturally, militarily, economically and we will continue to be looked up by the rest of the world. if we fail economically, if we become one huge greece as chairman ryan is concerned and as i am and many others, if we become one huge greece, there is no one to bail us out. there is no one there. we can hold our tin cup out but no economy will be big enough to put the tin cup out to get a meal. we would be in a situation of default and would be a sad, sad day in america. take generations to build our credit back again. take generations and the trajectory would be so altered