the one thing to think about on the or expert ciphers above the aei is not a policy organization. i don't have a recommendation associated with whether there should be more or less of products or crude oil. aei's job is trying to assess what we think the economics dry things towards and to show that within the framework of existing and regulation. on the product export side there really is not a whole lot in existing law that would prevent further increase of product exports. there is kind of a natural limit in the sense that refinery in the capacity, call it 17 million barrels a day, would have to be further increased if you are going to see product exports continuing to rise at the kind of level or rate that we have seen over the past couple of years. so there is kind of natural limit that would come from capacity in the refining industry itself. on the crude oil x. or decide you are correct that sports to canada are permitted fairly easily as long as the oil is being refined or otherwise used in canada so oil can't go to canada for export, reexport from canada. it's got to be u

aey have two loan how to ride bike from harley davidson.christmas gift for the man who has everything? we can help. it will cost you though. refreshinge into your home. >> an option you will not want to miss in "luxury." ♪ >> it is all about what you can buy and where you can buy it, especially in nigeria. africa's largest oil producer and there are plenty of people with money to spend. tom gibson reports. sparkling watches are not in the shop windows of zero. or zero -- these two have to go abroad for luxury staples. now big brands come to them. >> there is a huge opportunity to be here. end but at the highest also there is a middle class that is really growing that needs access. this economy is expected to grow in 2014. >> international brands are keen to gain a foothold. one of these is porsche which recently opened this in victoria island. >> the middle east and african region is the force largest globally. it becomes more key with china and india and africa. you can expect more flashy and they are. >> they are selling just about everyt

two challenges festival they don't have much time out we note that this is the author of a huggies aei into an agreement in which lost about six months so they have to come up as soon as possible a plan as to how to get step by step and day in sync and into compliment and implementing be set. these mesh is what iran has to do step by step and what the international community has to do step by step so that they can either carry out what they have what they talked about in november secondly pressure is on as you sit the us congress is always threatening to impose new sanctions on iran if nothing and is well and to weave in the domestic related every now and the ukrainian delegation is also facing pressure from its hardline opposition cent said they have to sit down and nail down the technical details as fast as possible when their backs and next week will be going into the christmas holiday time said and in that at the beginning of january they'll be the fashionable fun oaks new year out we ahve token a bad day to about twentieth of january with the implementation can spot which means th

aey need to replace it with forward guidance policy.ow investors to be confident that things will not change so much. >> why are you certain that the fed wants out of quantitative easing? eventually, they want out. -- tohe president think you perceive that they are concerned about asset valuations that quantitative easing has driven? are they concerned about the fact that it is not working so well anymore? >> i think both. jeremy suggested earlier this year that the asset markets were building. that may be due to quantitative easing. there is no doubt that stock prices are high and high-yield bonds are low. i'll asset prices -- whether bonds or stocks or alternative assets, all are basically mispriced. they are elevated. that and wants to diminish the effect to the extent that it can. what they're going to do in terms of transition, we think, is reduce the quantitative easing at the end of 2014. they will eliminate if they can. if the economy response, they will continue the policy rate for a long time. another man who knows a thing or

aey are a lot easier to get hold of. >> norwegian air shuttle is not the first to try the no-frills long-hauley offered cheap tickets on long-haul routes but 16 years later, it collapsed. now be more fuel- efficient, it still no guarantee the business model is sustainable. he's a fascinating man. a former fighter pilot. 498 pounds. we will ask him in a minute if it seems as much as it really was. i know it was not that it seems like it now. passenger growth is said to speed up in the next car through years as the airline industry recovers. they published the forecast yesterday and caroline hiatt is here to tell us what they said. 31% is how much we are going to see the number of passengers flying per year, how much it million seven9 about four years time. the average is about 5.4% per year and interestingly it's only domestic routes which will be ining the real ramp up usage. the strongest, unsurprisingly, emerging markets, middle east, asia and pacific. interesting where it's been divvied up. china is the single largest driver of almost a quarter of all of the new passengers, 31% increase go

approve aey did blueprint to fight these strategies used by internet giants the likes of starbucks. they are only still in the making. they are trying to force the . at thespeed things up moment the oecd plan is not likely to be finished by 2015, but by trying to force the issue maybe we will get there a little quicker. >> how much is google actually saving by shifting profits? >> europe and the u.s. using 100 ilion dollars. last year alone $2 billion is what they managed to carve off their income tax by claiming they sell advertising from ireland, so they are not selling you your advertising. they're not selling it to an italian company in italy. they are selling it to an irish unit, and that pays royalty to a unit headquartered in bermuda, so that is how they are managing to suppress the overall tax bill. certainly that is what countries like italy want to clamp down on. >> the latest on the google tax in italy. with us is the manager. this tax touches advertising. it also touches these big american companies. do you like technology stocks? >> you can get carried away too much, bu

house to say when he gives the press conference of the blue and wool museum slightly unusual venue for aei press conference to be given here and it didn't happen so perhaps symbolic of the changes mean is double the company's own life has been a whirlwind to release on thursday the president but inadequate and said yes to cover the cost would be hard would be released from prison about what we did note just how quickly things would take place on friday. he was released from the prison that this image that he was sleeping all the private jet heading its approval in the prior project was put on by. he had the former foreign minister of june in econs teacher detention it seems that mr gyngell has been instrumental in making sure that it's macabre because he could come here to germany he also it seems that helped things along to make it a miss because he could have received a visa. we don't know how much more going to see if the midst of articles the half day of the act gives this press conference later on sunday the bus will polarize the focus right now the seawolves the house to say when he

. $57 aey are spending month for internet service and hulu. >> cost is the biggest concern for us. convenience was the other factor. we were paying so much for channels of which we only needed 10. >> they now use alternatives. they connect for a wi-fi connection to watch their favorite shows with their daughter. costs a one-time payment of $50. chrome cast is a cheaper option for $35. apple tv costs want -- costs you once and $99. >> now they're going to bedford. >> all parents understand that. there are some downsides to ditching cable. they miss two important things. getting the news, which we agree, and getting sports when they wanted. to liveis a harsh way life to be denied tim brant. [inaudible] a different way to pass out the goodies. santa traveled in a tactical vehicle through germantown. officers escorted santa through town to pass out gifts and donations. >> much faster than reindeer. uplet's see what is coming at 6:00. >> gordon peterson live with a look ahead. >> tonight, an assessment of federal security after the deadly shooting in side of the navy yard. thousands of

>> we have a study out by with aei that suggests it's about a hundred million. we have a duke university study that estimated 82 to 105 million people will lose their health coverage they have or see substantial changes to the coverage between now and next year. a lot of people will be left out in the cold. >> we have rate hike shock. now deductible shock. people finding out they have high deductibles. some of your colleagues up for election, mary landrieu, gene shaheen, mark udall and others are have a do over. are they stuck with their votes on this? >> what has a great chance of success is if they decide we have to start over, suspend this thing, we need a time-out on the law. they are stuck now with with with what they've got, unfortunately. we did what we could to protect american people. the truth is you can't just do minor corrective surgery on the law and have everything be okay. a lot of people who once they have gotten health insurance if they can afford it are seeing that the treatment they need and they have come to rely on will no longer be availabl

you're from the aei. than you in terms of -- >> you're not going to make the case president barack obama is worse than putin. that's going too far. >> okay. i'll let you say that. basically but you have seen a drift towards state run -- >> in that direction. >> they're not baby steps right now. would you say that? >> do i have to get a real aie guy to say something? what's wrong? >> it's completely different. after the budget deal you're feeling like who are you paul ryan and patty murray? you do have one socialist at the aei don't you? >> who is that? >> a token socialist at the aei. coming up, it's time to make -- okay. i need to say it. i could get in trouble. he's not as much a statist as putin or sheem, the new guy in china. >>> time to make the doughnuts. dunkin doughnuts brand consumer just on ceo expanding the dunkin brand and keeping people moving. grab your coffee and keep it locked to "squawk box" we'll be coming back. >>> sign up and get morning squawk delivered in your inbox every weekday. "s

chairman, alex pollack of aei and i have question for my colleague and friend, peter wallison. peter, you said if a regulated financial entity, say a bank, were to engage in litigation, maybe especially successful litigation with its regulators they would possibly be subject to that retaliation. i would edit and say with certainty that they would certainly be subject to retaliation? do you disagree with mid did? >> no, alex. alex and i usually agree on everything but i had, you understand, i had to deal with five or six other members of the committee but that is an edit i would certainly accept. another, another one of my colleagues. >> ed pinto, aei. colleague and friend of peter and alex. i would only add the successful cases that i'm aware of financial institutions suing the government were all defunct ones that then sued under the fslic and others after they were basically shut down and shareholders brought suit. they were successful but they were no longer operating so it didn't make any difference. they had nothing to fear but ultimately they were successful but that is t

>> we have one study out by aei that suggests it's about a hundred million. we have a duke university study that estimated 82 to 105 million people will lose their health coverage they currently have or at least see substantial changes to the coverage between now and next year. a lot of people will be left out in the cold. an awful lot of people for whom that promise the president made will prove to be utterly false. >> now, we have rate hike shock. we have lose your plan shock, lose your plan shock, rate hike shock. now deductible shock. people finding out they have high deductibles. some of your colleagues up for election next year, mary landrieu and gene shaheen, mark udall and others are trying to come up with an obama care fix to fix the problems or do-over. does that have any chance of moving in the senate or are they stuck with their votes on this? >> what has a great chance of success is if they decide we need to start over, suspend this thing, we need a time-out on the law. >> they're not going to do it. >> that would have a chance as far as getting

i have quoted aei and the manhattan institute who an analyzed what they knew in july of 2010. do you think it will be as high as 100 million americans who get funneled into the system. how high does it go? >> you're exactly right. they have us end up with a single payer system which is all american. we looked at the medicare vanl program. you're talking about serious cuts to the seniors limiting their ability. one employer in 6500 individuals that will be without health insurance. i don't think the hundred million estimate is too high at all. i think you are going to see more individuals loadsing their access to health insurance. and what we see is the individuals are having such problems with the exchange they do not know if they are properly enrolled. they are probably not going to find out until they go to the doctor. >> my next question, is there one honest democrat that's saying, wait a minute. we made promises. they aren't being met. we need to cut the losses and start over. is anybody in the democratic party saying that? >> some individuals have voted with us on replace

so this tweet is from lady aey cat.to the park, i know kids, let's go to the beach and catch a shark. it is a shark-themed day. >> not a good idea, kiddies. not a good idea. >> a good news/bad news day with sharks. send to twitter #morningrhyme and #earlystart. >> we'll be right back. [ female announcer ] we eased your back pain... ♪ ready or not. [ female announcer ] ...so you can be up there. here i come! [ female announcer ] ...down there, around there... and under there for him. tylenol® provides strong pain relief and won't irritate your stomach the way aleve® or even advil® can. but for evything we do, we know you do so much more. tylenol®. avo: thesales event "sis back. drive" but for evything we do, we know you do so much more. which means it's never been easier to get a new 2014 jetta. it gets an impressive 34 highway mpg and comes with no charge scheduled maintenance. and right now you can drive one home for practically just your signature. sign. then drive. get zero due at signing, zero down, zero dosit, and

here at aei we have the fed's former productivity expert who absolutely disagrees with that analysis. >> so you can always find someone who disagrees with something. >> i can always find the truth. >> that is a widely accepted fact. >> let me move on. >> this just is wrong. >> jimmy's point, jimmy's point, so much of this stuff from the two french socialists and other studies leaves out important fringe benefits, important retirement. they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either needs, a, a new speech writer or, b, a new policy or preferably both because he can't keep standing up with the same four silly bullets and say that that is going to improve the a

he is a practicing physician and aei resident fellow, former senior policy advisor at centers for medicare medicaid services. you certainly know exactly what you're talking about. what is going on here? what is the problem? >> well the drug lists formularies in these plans are very different than what people are used to. melissa: what is formulary? >> formulary is a list of drugs your plan will provide coverage for, often with a co-pay. what will be offered in obamacare is closed formulary. meaning if the drugs are not on list of drugs to be covered they will not be covered at all. melissa: at all? >> basically out-of-pocket. melissa: what about your deductible? >> the problem is that the money you spend on drugs that are not covered are not added to the dedoublable. melissa: you're not gaining any points by sending your own money on these drugs. what is your choice then? >> people need to be careful before selecting one of these plans because there is wide variation. there is not at love information about the different formularies. one study looked at different formularies across all plan

that technology was invented right before world war ii by aei named john t.rebuild to the military liked it so much they conscripted this obama essentially for military use. i was a marine for many years and i wore that web suspension helmet into the 21st century. football got rid of that technology in the 1970s. and as twisted as it sounds, we equip our football players better in this country than we do our soldiers and marines. coaching got better. heads up tackling. coaches not, you know, no longer saying put you head between the numbers and that kind of thing. all of these things combined to bring football from the point where they had 36 deaths from galatians in 1968, the last season where there were two deaths from galatians. again got dramatically safer. at the time we should been giving football a pat on the back, we're giving it a kick below the belt. to put this in perspective, there were no kids that died last year from a football hit. more kids died getting struck by lightning than playing football last season, then getting struck by other players

according to vital statistics on congress, a joint effort by brookings and the aei, but the numbers have been sliding ever since p in the late '60s, just about 1,200 bills got through the house. by the end of the '70s, the number was around a thousand. fell to 968 in the 101st. from 1989 to 1990, ten years ago congress passed just 801 bills through the house and the number for the 112th congress was 561. tough to do your job if you are not there. at a time when full-time employees at america work an average of 42 1/2 hours a week, the house and senate was in session for an average of 28 hours a week according to "the new york times." although it doesn't include members, the work they do in the districts while they're not in washington, still says a lot. the u.s. senate spent 99 days casting votes in 2013, the fewest since the days of the first bush administration more than 20 years ago. it's not just the number of laws that aren't getting passed. the problem is the big things aren't getting done. with the house done for the year, congress has failed to pass a farm bill or immigration ref

aey have commitment of about billion dollars. is job cuts. the s&p is cutting the ratings.t is being monday news. i am john dawson. >> thank you. in asia areriers facing ever-increasing competition. they months the skewed last year. the demand for affordable air travel can only increase. >> this is very encouraging. first-year demographics. you have a large expanding population. you have economics. you have socioeconomics which is people starting to value more of their leisure time. all of this feeds into more and more demand. unique geography, it is no reason that people are very excited about the low-cost area nation. this includes australia, china, korea, japan. opportunitiesy of in china. there are 12 million people. with directtent service to singapore. there is a gold mind. >> where will you expand? are we looking at china? >> we have four cities in china. add more debt. australia, india. >> they have expanded more and more to get into the space. issues could crop up. >> i dispute that wholeheartedly. we are regulated by the same people. there's not one rule for all c

beginning which is why it was proposed by conservative think tanks like the heritage foundation, like aei. like the think tanks that jim works for when it was ten years ago. >> i'm stunned you don't think these changes have undermined the very essence of this law. which was getting a lot of people -- >> not at all. >> -- who either did not have insurance -- >> you pay too much or had these lousy plans that get those people into the system so they could be paying more. that is the fundamental economic principle and he's undermining it with every announcement. >> pushing it up a year, i as a taxpayer don't like when people -- >> a little econ 101. what's going to happen at the end of this year, you're turning these exchanges into high-risk pools and going to have a bunch of insurers who are going to drop out. already the narrow group of plans is going to get even narrower. you undermine the -- we might not see 2015. >> by the way, one year, by eliminating -- >> it's the key here. >> by eliminating the penalty on a big chunk of the uninsured, i believe this will change. he's eliminated the p

an immediate better deal than they were going to get with the european union's look at the aei don't think that it's not that we can succeed in passing that you'll fail well it's not going. it's the because they'd already been over a team made one from a mission in oman the protests and ten. and that was clearly pro european edition that was in the closet against tuition creation can be pro european in the club the chickens and europe in the industry. they made this for permission to replace the morris iemma to spend three months and this cold on my diamond mind that i would be or not do anything but nico took the initiative and started having partnership with ukraine started talking about brain ukraine into nato is the kind of thing. if you were russian not even gonna put them. you look at that and say oh yes i want me to my auntie and that's exactly where i wt them. and i think that you can actually separate the sole european initiative from the major question in putin's mind. probably not in the ukrainians mind tornadoes of european union's mind. as for the european perspective um

aey are close to a deal with prosecution agreement. they'll have to pay $100 million to settle a sanction violation. programsate sanction they willhat strengthening controls. asked aboutad, i the first. we'll ask him about the strength of the airline industry. >> good and gives him a state of the union address this morning. -- vladimir putin gives a state of the union address this morning. >> good morning. welcome back. you're watching the polls from bloomberg's european headquarters here in london. what start with the foreign exchange market and we have seen today. what we have seen in the last few hours is the eurozone coming through with not exactly a great number and not painting any positive picture. also had mario draghi talking this morning. we have had a high earlier on. we saw a handover that went recently well. we had a bit of a selloff. we also had this overnight. is he making the point that what we will see move forward from to makethe ecb moving it harder for banks to hold sovereign debts on a risk-free basis? that would c

aey want to know maybe about shift toward some kind of cash transfer. that is a great question, but i don't know. around to get our arms and we are in the fifth year of an economic recovery. the president has raised the issue of the income disparity. it is a fact and something we have got to come to grips with. from my perspective, we have to understand how and why that happens. more importantly, from my perspective, we need to find out whether or not the federal government and federal policies are at least in part to blame for that. >> one of the unique things about the food stamp row graham -- program is that it is universal for low income people and it is tied to food products. -- otheret times where programs like the housing program where a small percentage of eligible people end up getting assistance for housing. distanceignificant whether you qualify or not for that kind of income supplement. one of the virtues of food stamps is that people qualify it in a general basis. in, theeconomy we are truth of the matter is that i overed the subcommittee n

aey just blew it with pricing year-and-a-half ago.vered and now again -- why are they screwing around with their pricing? >> because they have some success. a fantastic director comes out with house of cards and now people are tuning in. now they have this content that this constituency. thise -- now they have constituency. >> are they a forced network? >> they meshed themselves into the living room in a way other people haven't. it is an interesting model. tvsle getting rid of apple just so they can upgrade -- >> we have seen what netflix is done to the cable companies, taking market share away from them as people cut the cord. is that going to happen or should the content creators be just as threatened by the netflix of the world given the fact that they are creating emmy-winning series? >> the content creators like the option because this is another place to go to. it used to be there was a -- dling -- now, >> now, booker that change? >> possibly. i think people are excited about the fact that netflix is a viable place to take your

our guest host this morning, gary stern and aei president arthur brooks.ull panel of strategists and economists ready to join the jobs conversation. in a minute, if you're playing along at home, set your watches to the countdown clock at the bottom of the screen. the consensus for today, 180,000 nonfarm payrolls. did that go up after adp, liesman? >> that did not because they didn't survey again. >> oh. >> there were some guys who raised it. but that actual consensus remain the same. >> and we now know that adp actually -- >> went up a little bit. >> moved the dial by 5,000. >> thought adp might be better because they do the work involved. >> as opposed to the government. can you check that post again? what is the guy doing? >> rainy morning and he looks up, i don't think so. yeah, they're working. he talks to his supervisor. you sure? yeah. like the cable guy. pictures of cable guys asleep in the home where, anyway. but before we talk jobs, we have a round-up, not for comcast, we have a round-up of the morning's other top stories. and the big one they've

this was extremely powerful and providing the additional combinations they needed at his needed as aeyesult of the crisis. i'm not sure the same reasoning applies for the affinity problem that started a year ago. they do have a deep concern about the current way of even communicating the policy. if the fomc does nothing, they keep extending the balance sheet. if they did nothing, that meant [indiscernible] we have changed the definition of what being mutual is. >> i am a bit of an outlier. theou were to go back to jackson hole conference a year ago, chairman bernanke gave a speech about quantitative easing was she very clearly summarize the literature. there is a bit of a sleight of hand that we should be clear about. when you are trying to measure , is alwayslicy difficult to determine what the impact is. you have to take into account what the expectations are. he won a nobel prize for doing the identification of military policy. accusing them of doing this. say i will use the certain interest rates. you do not know what happened to the real economy. therefore the queue we cannot be e

aey have a share vision -- shared vision of cities being hubs for jobs, seeing jobs create, aching sure they gateways for opportunities for people from the surrounding areas and surrounding states, the regions and in many cases the world. you have a lot of immigrant populations that gravitate towards the diversity and dynamism of the city. although we have seen terrific progress in our cities as we have across the country over the last several years, millions of jobs being created, housing market starting to recover, businesses investing again, manufacturing making an extra in her comeback, what we know is we still have a lot of work to do to deliver a vision that we all share, which is an america where if you work hard you can make it. myt that means is is that hope and goal out of this meeting is we immediately set up a strong partnership with all the mayors here and all the mayors who aren't here where we get a clear sense of what their vision is and how they're trying to deliver services and how we can make sure that our kids are getting the very best education possible, how we make

for instance, there are economists at aei, who have advocated instead of sending folks checks, you canbeen long term unemployed who take a job. you could actually do direct government hiring. they note, they say this is kind of odd for somebody from the right to be suggesting. instead of mailing folks checks and saying we wish you the best of luck in getting a job, what if the government was helping to find those people positions so they have something more recent the put on their resume to help them be more attracted to an employer. >> those are great ideas. i want to push forward in terms of what could help folks find jobs. i would argue that since congress isn't doing anything, the least we koeld do that we owe these folks is to give them the little life lean they have right now. until we could get some policies in plates to actually make the economy better. we will talk more about that right after this. . [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make

in washington, former fed economist, steve olinner at aei.es on floor of the new york stock exchange and sandra smith in the pits of the cme. bob, do to you first, what do you think will happen? >> they come out and say the economy is improving and we're not there yet. i don't think they make announcement to reduce the asset pprchases. we're just not there yet. we moved along the track but we're just not there yet. ashley: lee's go to steven. your thoughts. what is going to happen? >> i think it will be a really close call by but i agree with bob, i don't think they will taper at this meeting. i think they will wait for more evidence the economy is strengthening and probably go in the first quarter. tracy: bob, one of the things people are looking for is the language, right? what are they saying about the economy. >> the economy i will proved. definitely come off the lows. we've seen improvement in manufacturing, up tick in housing. we have seen improvement in the service sector. seen improvement in the employment space. improvement in the in

thomas mann of brookings institution in norman ornstein of aei are here. mike you are up next, independent caller. good morning. >> caller: good morning. i have a little quiz that will test the commitment of the two sellers to the terrible unemployment problem. we do have a terrible unemployment problem. there were two, two year year utes in american history where we had a dramatic increase in the number of jobs. one case the incoming president faced an 11.7% unemployment rate and a fundamental change in policy. within two years the unemployment rate sank to 2.4% and another case where about 10 million new jobs were created within two or three years. could i have used scholars identify that period and what lessons can be learned and if you cannot identify the period what does that say about your commitment to unemployment? >> guest: i mean i don't know the particular ones you are talking about but i would be wary of making a judgment about the particular policies adopted being responsible for the increase in the number of jobs and the decline in unemployme

aey now are having to select different insurance policy a different company. as the owner of the carla told me, we can either select a plan that is much more expensive than what we had last year but keep our doctors or pay the same as what we had last year but we all have to switch doctors. but we can't do both. we can't both keep our plan and our doctors or keep the pricing and our doctors. we have to choose. it has been a very difficult process for them as a small business as it is for a lot of small businesses. you mentioned even with your own practice that is become a big issue. it is one of the many things out there. by one count, this law creates 159 new board's or agencies. research service to determine how many boards or agencies are created by this. they said it is not knowable at this point exactly how many. thementioned multiple times difficulty of decisions made in washington dc. i have direct family members that have them as worried i'm very familiar with the process and the drugs and what is going on. all these agencies are setting different rule

don'te thinking, well, i want to have to cover a 30-year-old having a baby but aey will also be covering0-year-old getting cancer. insurance is about having a pool covered. who are and younger people do subsidize older people and that is sort of the way it works. ae you going to go from $100 month to $400 a month because of maternity? i would be sunday if that happened. >> he brings up the fact that the president this week signed up for his healthcare. >> somebody signed him up. >> cbs news reports that obama couldn't use the website to sign up for obamacare. is not because -- they didn't let us watch. me. they didn't let the press watch. there was no photo op. did said oh, by the way, he this. part of the problem the report informationpersonal isn't kept in the databanks that the d.c. exchange and federal would have. if you and i signed up. >> tax information. >> so they can't process the president's like they process you or me. problem.art of the secondly, he is not going to fit in the normal check boxes when go to the exchange. president. thing.a symbolic he has plenty of healthcare.

aey forget that that we have present for the next three years.en true that he has suffering from the second term jinx. orange -- george washington had a very dormy second term -- st ormy second term. jefferson, who in his first term bought louisiana, and it was enough to get on my rushmore -- get on mount rushmore, but in his second term he had the threat of war, and he and post an economic embargo and american shipping to europe that blew up in his face. host: how do presidents make themselves relevant in their second term, when there is that focus on the next election? guest: the nature of the modern media is such that under the best of circumstances they are with the notable exception of c- span, disinclined to spend a lot of time examining the innards of public policy, they're much more attracted to the horserace. who is up, who is down, who's in, who's out, what did the latest old show -- what do the latest polls show? if you look at the last two presidents, one conservative republican, what -- one center democrat, each of them sing to have

aey have always preferred high deductible policy because they work hard to stay in good health.hen they do need care, they like to shop for the best value. seen, this administration thinks it knows better than they do. then there is liz from sanford. business owner with only two employees, herself at her husband. their premiums went up 127%. she and her husband are regular hard-working healthy americans. she said, we are not wealthy. seeing so many hard-working people spending the holiday season wondering what is next, it is heartbreaking and wrong. the republican response to the president's weekly address, focusing on the president's health-care law, the affordable care act. there's this comment on our question of u.s. global power, is it declining? mike says -- you can join in on the conversation. and gary is joining us from tennessee. caller: good morning. i think the country is declining. our people in this country are disgusted. we are dependent on jobs from fast food restaurants to raise our families. it is ridiculous. i feel sorry for this country. question of u.s. global

aey will tell you that it is half to a percentage point off of our economic growth.t stifles our economy. anything.t do if you're interested in long- term debt and deficit, you have to deal with the social safety net programs and tax reform. they say it reduces the debt by $23 billion. caller: it's a gimmick. paul is usually against gimmicks and i am surprised he is buying into this gimmick. it is not the right thing to do. two year released from a small portion of the sequester and we are paying for it with 10 years worth of savings. you are spending 10 years worth of savings to get a two-year deal. that does not make sense. host: what do you think happens on the house floor today? callerguest: i think it passes. i have been out in front on being smart about our fiscal policy doing a little bit bigger deal so i cannot vote for this. i think most of my colleagues on both sides of the iowa will. -- of the aisle will. excitedrship is not about this deal. there are some split opinions on it. chris vanchair, hollen, he is not giving an endorsement to this deal. he points

china announced the ati see even though the newly announced aei's includes territories administered by japan. we do not accept the legitimate in a sea of china's requirements for operating in the newly declared ati see and is caused confusion increased the risk of action underscores the validity of our concerns and the need for china to resend procedures. as we have repeatedly said and their actions have demonstrated, we believe that these kinds of provocations create risk of miscalculation and you know we don't accept the legitimacy of what china announced. the vice president is in the region as you know opening an important meeting and we are office for consulting. >> is there specific message to the chinese leader's. >> yes. >> can you square that with the demonstrations recommendations for civilian aircraft identifying go through the procedures that china has now even though it does not recognize and considers this adiz invalid? >> for safety and security of the passengers the u.s. carriers operating internationally operate consistent with notices to airmen issued by foreign countr