the reason president obama gets a d-minus and you're giving him an f, arthur burns, arthur burns, arthur burns -- is because obama wants to punish success. >> i think a d-minus is probably the right grade for barack obama in terms of his handling of the economy. i'd give him a higher grade for his handling of foreign policy. we've had the shallowest most anemic recovery out of any recession since world war ii. the mortgage foreclosure crisis continues. we have $5 trillion of additional debt and jobs just aren't coming in anywhere near -- >> a quarter million new jobs added in the past two years, 26 consecutive months of private sector job growth. gm and criesly were bailed out and both having the most profitableable year ever. corporate profits are at record highs. dow has doubled. interest rates are at record lows. tell me how president obama has failed in the economy? just because of the unemployment rate? >> i'll adpree with you on the stock market. i think -- >> that's the best thing -- stocks double and profits doubled. >> i want to get to the issue you brought up, larry. i think th

i think a general lesson, here is picture of arthur burns which was the chairman of the fed during the 1970s in a rapidly changing world which is a ledge. which is true. i think one way to think about the whole episode is that after world war ii, and the end and the conquest of the discrepancy and the prosperity they saw economists and policy makers became too confident about the ability to keep the economy on an even keel. and there was the term fine tune, the notion that the fed and other fiscal policy and other government policies could keep the economy more or less perfectly on course and not worry about bumps and wiggles in the economy. that turned out to be too optimistic, too human being resistic. and we learned that collectively during the '70s when the efforts of policy maker resulted not in the lower unemployment rate when was the original goal, but instead a higher and sharp increase in inflation. so, i think, one of the themes here is that, and this probably applies to any complex endeavor that a little humility never huts. there was an reaction to the incongratulations in

arthur: it would be nice. >>shepard: if you get word that someone dolls and the house burning down, you go check. that's all. but you make sure it is not a fake call. >>shepard: you get if the house is not burning you will know. >>randy: and you do not start pouring water on it and bust up the roof if it is not burning and that is what they did. we know they have the technology because they cleared the guy before the boat left and still kept him off that boat how does that instill passengers, by the way, we have a threat, we verified it is not the doctor but we kicked him off anyway. >>shepard: if something happened on that ship after i would not want to be on the docket because everyone would think i difficulty even though i didn't. >>randy: i don't know if he was thinking that far ahead, they go from doing nothing, ♪ how are things on the west coast? ♪ ♪ i hear you... ♪ rocky mountain high ♪ rocky, rocky mountain high ♪ ♪ all my exes live in texas ♪ ♪ born on the bayou [ female announcer ] the perfect song for everywhere can be downloaded almost anywhere. ♪ i'm back, back in the new york groove ♪ [ male an

>>arthur: they have money to burn. >> next year it will be worth $170 million. that is how it works. >>shepard: hope they enjoy it. >>neil: something more valuable, in your facebook, and this is one for the record backs, friends. we are learning the most anticipated stock offering is coming together and say more than a few folks are coming into a fortune. or will. if about two weeks. that is when facebook plans to go public. and getting a stock price that could shoot the phenomenon of social networking into the stratosphere likely to day buy ought $28 to $30 a share that is the range the "wall street journal" is reporting. it could go higher, maybe much higher, potentially valuing the company north of $95 billion. so, right out the gate they would have a market capitalization north of h.p. and not all that far from amazon.com, in its day a market sensation in its own right, a halfs do company executives with be billionaires on paper and dozens more millionaires, and the founder? he would be the 5th richest guy on the planet at worst. all part of what they call a

>>arthur: they have money to burn. >> next year it will be worth $170 million. how it works. >>shepard: hope they enjoy it. >>neil: something more valuable, in your facebook, and this is one for the record backs, friends. we are learning the most anticipated s

burning up if is cars or whatever they do. someone should go before a judge and show them some evidence why they should follow arthur aidala notther bald guy selling drugs at a nightclub. there are specific reasons why. it's an issue we need to fight for. i was in the courtroom heard the argument they said they cannot take a denies put it on your car and use it to follow you. >> thank you very much or bald guy arthur aidala. >> the one and only. the dome. >> appreciate it. thank you very much. 5:54 the wlt forecast sunny with a chance of royalty. prince charles reporting the weather. he wasn't the only royal to do it. it is your word of the day. all scrambled up. can you figure out what it is? stick around for an answer after the break. what do you think, arthur? ♪ why do you whisper, green grass? ♪ [ all ] shh! ♪ why tell the trees what ain't so? ♪ [ male announcer ] dow solutions use vibration reduction technology to help reduce track noise so trains move quieter througurban areas all over the world. together, the elements of science and the human element can solve anything. [ all ] shh! [ male announcer ] solutionism. the n

arthur brooks. thank you for joining us. >> coming up shortly, we will go live to the atlantic council here in washington for remarks from nicholas burnsthe former undersecretary for military affairs and former ambassador to nato. it is expected to start at noon eastern here on c-span. coming up live today at 5:30, author arthur herman. he will speak at the american enterprise institute here in washington. we will have that live on our website, booktv.org 3 that starts at 5:30 eastern. here is what is going on in congress this week. the senate gaveled then this afternoon at 2:00 eastern, working on the export-import bank charter that the house passed last week. at 4:30, senators will turn to a number of judicial nominations, also votes on whether or not to move forward with the export- import bank charter. the house returns tomorrow, working on continuing the violence against women act, and setting the defense department programs and policies for the next year. >> the house armed services committee spent nearly 16 hours this past week crafting its annual defense authorization bill. rick mays is a congressional porter and editor, joinin