bain did not have a single client in san francisco.ut you were therefore going to resign and go do something in san francisco. there was a guy named teerny and he said what to you? >> we were actually living... we were living in san francisco. we were both living in stanford. my wife had just finished law school and she was a clerk for a federal judge in san francisco but she had to be the judges' chambers. we had two young kids at the time. our oldest two kids were i think 3 and 5. so i had to take them to school every morning. i was on the fast track at bain. i made the... i was traveling constantly. so i walked in to tom teerny who was the head of bain san francisco office. he is now the independent lead director. he's been mentor my whole career. i said tom i have to quit because i've got to be at home year to take the kids to school. he looks at me and says done a hoe you idiot. you don't have to quit. i said i have to take the kids to school every morning. he said, well we'll put you on a local client. i said, tom, we don't have

bain did not have a single client in san francisco.ut you were therefore going to resign and go do something in san francisco. there was a guy named teerny and he said what to you? >> we were actually living... we were living in san francisco. we were both living in stanford. my wife had just finished law school and she was a clerk for a federal judge in san francisco but she had to be the judges' chambers. we had two young kids at the time. our oldest two kids were i think 3 and 5. so i had to take them to school every morning. i was on the fast track at bain. i made the... i was traveling constantly. so i walked in to tom teerny who was the head of bain san francisco office. he is now the independent lead director. he's been mentor my whole career. i said tom i have to quit because i've got to be at home year to take the kids to school. he looks at me and says done a hoe you idiot. you don't have to quit. i said i have to take the kids to school every morning. he said, well, we'll put you on a local client. i said, tom, we don't have

and she id at one point the pain was so bain her mouth, it felt like someone hit her in the face with a ba >> here's a computer simulation of what th might lk li. god, computers are awesome back to leann. >>he's saying that over time it h screwed up her mouth so bad, it affects hesinging, the way she looks, everything. >>hy did leann get all that dental work done? because e cameo an impornt realization. >> i get it. i have b teeth. >> it was e neers she went in fornd it caed her to get nine root canals because she says he botcd the job. >> it was a coetic thing she nted to look better. >> women are vain and speaking ofanity -- >> did you see the pictu that john boks put in the of nic cage's oldeeth? >> nic ce? his teetwen't that bad. oh, god,ill with fire. >> oh, my god. dies and gentlemenwelcome to awful, nevada. >> he's not the only star to get mouth remodeling. ght,iley cyrus, and chris rock, and sarah jessica parker. thatasne tente dentis >> we got curt rusll and goie hawn. this dream dinnerar with u and goie. cayou make itappen? >> tell harvey, it won be long. >> wow! >> he is tk

. >> i think it is good, john bain are playing hard to get on valentine's day, saying democrats and senate can negotiateo with president obama, then kick it over to the house, i'm done being the guy who gets blamed for everyone. that is a good aproach for him, it gives democrats a responsible for not having a budget, doing other things, but also gives the republican party unitty, which s something we've not seen for last couple years. neil: something has changed, christmastime they wanted to postpone the sequestration cuts that was a nightmare. for republicans as well as democrats, republicans more so because of the defense cuts. but now they seem to say, we rather that hell than the hell of higher taxes on offset them. >> i think that if john boehner is playing hard to get, the best thing for republican to do is sit back and wait for president to negotiate with senate, but this sequester is not a bad thing, i think it is a good thing, because we're really talking about taking 85 billion, out of 3.2 trillion, in federal spending, that is nothing. then saying to federal government, guess wh

instead, on that fateful november day, lyndon baines johnson was sworn in as the 36th president of thenited states. johnson pursued kennedy's economic proposals and pushed the tax plan through congress. how well did it work? perfectly. business week, which isn't exactly a liberal pro-kennedy publication, said it probably was the most successful tax cut in history. it came out of the textbooks. it went back into the textbooks as the fiscal measure that came closer to carrying out what people had projected for it. that was a tax cut that worked. the economic policies of the kennedy-johnson administration had stimulated demand, creating growth in the economy. busiss was boomi. jobs were plentiful, unemployment near an all-time low. but many observers, including the president's council of economic advisors, were concerned about the appearance of inflatio as the economy heated up. [james duesenberry] t in965, the real aggregate demand was sing [james duesenberry] t in965, it was continuing to rise into 1966. tthe ringed the raw materials ices,zation, and the decline in unemployment accompan

that's when the retailer went private, led by kkr, bain capital and vornado realty trust. toys'r'us filed for an ipo in may of 2010, but has yet to become a public company again. if you're in need of a romantic gesture this valentine's day, there's an app for that. apps like open table are making it easier for couples to pull off last-minute plans. the app shows open restaurant reservations near you and allows you to book on your phone. meanwhile, 1-800-flowers makes ordering flowers a breeze and has an option for same-day delivery. and if you missed the card, just download red stamp. the app lets you customize your own valentine's day card with your photos, and sends it out via email or facebook. ain't technology grand? also on this valentine's day, you can buy love. the motely fool is out with stocks based on romance, starting with interactive corp. it's the company that owns match.com. research shows online dating is a nearly $2-billion industry. an internet dating site in china trades on the nasdaq under the ticker symbol d-a-t-e. and in case you forgot it's valentine'

trevor baine became the fastest rookie. but he has seen some ups and towns since then.ow from the track. big weekend for you. first let's talk about that 2011 win. what does that feel like? >> it's pretty incredible, man. i was standing right here with the car right hiepd me, confetti flying over me. i was 20 years old then. i hope i have more to experience, but by far the wildest one i've ever been part of. >> when you win it at 20, your rookie year, the amount of pressure has ton unimaginable. tell us what you felt after that big win and since then? >> we're actually running part time that season. there wasn't a whole lot of pressure as far as the championship was concerned. we wanted to go get wins, run top five and be strong. didn't know what was going to happen after that 5 h00, if we were going to going to sponsorship to rup all the time. it's been a roller coaster ride. i've tried to stay off the ride as much as i can, stay in the middle, stay calm and prepared. this season i've got an opportunity to run full time in the nationwide series for the championship. i'

you mentioned bain and batman.ople of gotham" -- talking about the classic scene in the last batman movie, where someone took over a movie theater. one viewer said, "luckily the bar for worst power outage at the superdome is set really high." next viewer said, "in hindsight, maybe installing the clapper was a bad idea." you know that clap on, clap off thing. and another said, "the harbaugh sisters shut off the lights screaming stop fighting. can you both just get along?" talking about the harbaugh brothers. let's talk about the hot searches. number one, of course, carol, you know what it is, it is beyonce. over 1 million people still searching for beyonce and people looking up the super bowl commercials, the hot model and the mercedes benz commercial. there's beyonce. ♪ >> obviously, she was not lip syncing last night. she was performing live. among the other top searches, bar refaeli, the hot mode el involved in the kiss with way too much sound, and alicia keys. speaking of alicia keys and taking so long to do the

firms came into existence companies like bain capital driving the monopolistic merger process with trillions of dollars in debt today virtually every corporate merger involves the company taking on huge debt while the executives in the pirate equity boys take home billions the result is that most of these private sector debt is corporate debt and that is dangerously high it's a teetering towering house of cards. remember how it looked just before you know just right around the time of the nash of the great depression and then there's household debt since reagan americans have not been paid more for their increased productivity. so wages have failed to keep up with the rising costs of housing energy education and health care. to make ends meet americans had to extend their credit lines they turned their home mortgages in a.t.m. machines further sinking into debt also there was a housing bubble which was caused by banks pushing mortgages of debt on millions of americans knowing that those same americans were unlikely to be able to pay down those liar loans as mortgages and debt but the banks m

i'm just come from the lyndon baines johnson library -- >> research on your book. >> it's good to be back. so my focus as an academic was on the history of american involvement in the middle east and the u.s./israel relationship. and prime minister netanyahu had -- even in the opposition had occasionally called on me to get insights on what was happening in america and conversely, i briefed the white house and i was -- i had done some speaking in congress on issues, ranging from iraq to the peace process. and i became to be more involved in the pression, speaking on tv, television and writing opads. so when prime minister net was elected now, it was his second term, now he's coming into the third term. and there was a new administration in washington. they wanted someone who understood israel well, understood america well, who could interpret america for israel, israel for america. chose me. >> the prime minister was no stranger to this country himself. he has spent much of his childhood here. >> right. >> and growing up in philadelphia. >> he probably has more knowledge, firsthand k

considered, a back room company giving mitt romney and the taxi did, used to run bain capital this ishe white house. you also have to ask why he's doing that. he knows he will not be the successor. liz: they don't like not being in the white house. >> reporter: he was known as the guy that was going to replace steve shorts men. he is not going anywhere, so this is what is going on. interesting global blight. black rock -- blackstone. engine private equity firm. let's give back to my other story, which is the banks. lots of investment bankers are telling me if there are board. clear discussions at the board, and dutch soldier at the show that this would be the year you might see a bank break up. it will clearly be -- liz: and i asked because of the time you thought it might be a big u.s. bank that got caught up. it's not me and i have no clue. liz: heated talk about what people are starting to talk about this inside these various. i hear the most likely suspect and where there is some talk is barclays. a huge u.k. bank under lots of trouble. you know, morale is low. an ico. they have b

this is out ahead of the bain -- main batch that will move in at 7:00 and sweep across the bay through:00 o'clock. light, scattered showers for the morning commute and then it will be steady and we will have scattered showers this afternoon. with the colder air, that is when we could get lightning and possibility of small hail and the snow will also develop to around 2,000'. beyond that we have chilled sunshine, and mid-to-upper fists and mid-50's at the coast with low 60's elsewhere and it will be dry. >> we have at the golden gate bridge, rain. it is wet. traffic is night. it is light. no problems. there are slick road conditions. the rain is coming through in the bay area. golden gate bridge is expensing, now, the rain. >> we have a stalled big rig southbound 680 at san ramon blocking right lane of traffic. eastbound 580 before the bridge an accident in the median with a tow truck on the scene. south 101 from novato and 85 southbound toward san jose and carquinez bridge to the macarthur maze and east shore commute. >> coming up, a peninsula city playing ketchup -- catch up with the

but newt and rick perry did unveil the bain attacks.d romney's work on one hand, but there was a way to say perry and gingrich isn't going to win. but they are both revealing something disturbing about your candidate and we better get a story ready. we better figure out how to counter that. they never figured out how to counter it until election day. >> one winning strategy for the obama campaign, an uh-oh moment for team romney was to define romney early when he was in primary mode. while the romney campaign was raising tons of cash in the late spring and early summer, they were legally barred from using it until the general elections. obama going after romney, romney unable to respond because of election law. >> during this period we were raising a lot of money, but it wasn't all money that we could immediately send out the door. >> the donors would call saying why aren't you on tv? i was saying let me explain what money we can use. very frustrating to us. >> one of the biggest decisions we made was to bet on the front end of the camp

this is the night, of course, when president lyndon baines johnson in his texas drawl said live on national tv "we shall overcome." >> mr. speaker, mr. president, members of the congress, i speak tonight for the dignity of man and the destiny of democracy. at times history and fate meet at a single time in a single place to shape a turning point in man's unending search for freedom. so it was at lexington and concord. so it was a century ago at appomattox. so it was last week in selma, alabama. what happened in selma is part of a far larger movement which is in every section and state of america. it is the effort of american negroes to secure for themselves the full blessings of american life. their cause must be our cause too. because it's not just negroes, but really it's all of us who must overcome the crippling legacy of bigotry and injustice. and we shall overcome. every american citizen must have an equal right to vote. every device of which human ingenuity is capable has been used to deny this right. the negro citizen may go to register only to be told that the day is wrong, or the h

biggest worry isn't boehner alone, it's the democrats who will assault him if he cuts a deal with bain they're doesn't raise revenues. well, the only question to which i do not know the answer is how in the world can boehner and the president cut a deal when they're so restricted to what they can accept? and that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, and welcome to ted show from new york. three days from austerity. john boehner is scolding the senate, while the president is out working with the folks. this is "the ed show." let's get to work. >> these cuts are wrong. they're not smart. they're not fair. >> the president lays out a plan to save thousands of jobs. >> i am more than willing to negotiate. i want to compromise. >> while boehner plays the blame game. >> we should not have to move a third bill before the senate gets off their ass and begins to do something. >> congressman chris van hollen and gene robinson weigh in tonight. >>> a new lawsuit blows the lid on jpmorgan's toxic cover-up. eliot

. >> i don't know if you saw this, on bain capital, how literally the gold will be lathered in capital in 2020 and there is nowhere for that to go. >> i think it is very scary. i think the mutual destruction and. banks that believe everybody is committing the same since then it's okay. there's a lot of issues we need to deal with. and housing is a good one. despite government intervention, the housing mark set healing. but all this capital, all these ious funding, all these businesses that would never find funding under normal times, this is just going to make candy in the future in a realistic way. >> you remember what nixon's treasury secretary said, john connolly, he said it is our dollar and your problem. rick santelli, thank you. >>> as mandy told you, stocks off to one of the best start of the year. but call it cynic. if everyone is buying, is that a reason to worry? let's bring in gina and global strategist. gina, you reference something called the hurst exponent. what is it and why are you watching it? >> i'm watching it because generally it gives us an idea of wh markets are t

the neo cons align with annish bain iraqi expatriate named chalabi. he heads the iraqi national congress, a group of emigres and defectors lobbying to get rid of saddam. >> i say to you now the opposition is united in its aim of getting rid of saddam and establishing democracy in iraq. >> he was a very impressive and effective spokesman for the iraqi opposition to saddam. >> a very slick operator who was skillful enough to convey the idea that he could step in as a new leader of iraq. but that was totally divorced from realities on the ground. >> i george walker bush do solemnly swear -- >> when george w. bush is sworn in january 2001, rumsfeld, wolfowitz and fife take the reins of defense department policy. vice president cheney has reversed course and now supports regime change in iraq. motive awaits opportunity. and for the bush administration, 9/11 provides it. this is so sick! i can't believe your mom let you take her car out. this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my s

h mitt for manyit h years at bain. some of you may know that my wife is an ambassador for president obama. she was a strong supporter of obama. the photos ask me. people would always ask me. i supported the president for one simple reason -- i like to sleep inside. [laughter] there is more trh to that then you know. if you know my wife. [laughter] on the economy, i hope and i believe the president will get serious on the economy in the second term. i hope you will build a strong economic team that has diverse skills and practical business guilds. -- skills. toe they can use oureach out business. what is happening in washington is enormously frustrating. the fiscal cliff -- we got solutions out there like simpson-bowles. you may are may not like pieces of simpson-bowles, but at least it is a starting point to have a dialogue and adjust some of thissues you have got to address. my hope is that there'll be a enough restaurant congress in the second terms of that we can begin to get some of the changes that we need to make

that was run by bill burton, who used to work in the white house, his ads were breaking through on bain and some other subjects, whereas the republican super pacs were spending much, much, much more money but their ads didn't cut at all, they were poorly done, and so the democrats kind of caught a break at the presidential level. at the senate level they had some terrible candidates to work with and they did not deploy their resources well on the republican side, and in both presidential and senate races they made a lot of poor media buying decisions. so some of these were kind of technical areas where the democrats were just smarter than the republicans. that might not stand up. ultimately, it may be that when the democrats don't have the white house anymore at some point in the future or if more republican super pacs come in then some of the nightmares that the democrats had this past year might come true, where the money will just blow them away. >> some political professors that i revere and talk to from time to time tell me that because the democrats had the house for 40 years that

. >> he's like bain. >> he's horrible. >> he's a cookie peddler. >> the batman. >> super bowlites --> we miss those. >> people of gotham. >> puts it right in my face and goades me. i. >> david axelrod guarantees entitlement reform, thank you, dave. >> wrap it up. >> exactly. >> now for a special edition of "the daily rundown" with chuck todd. >> it's always a special edition. >>> president obama heads to the heartland to rally support for stricter gun laws but are hoping dimming for any significant push beyond more serious background checks? >>> 40 years of service, secretary pa net ta gets ready to urge his career in washington, d.c. he has advice for president obama and weighs in on the morality of modern warfare. >>> snaking on a lane, a little bit. deep dive into the swamps of florida, the senator on how politicians are trying to stop burmese pythons from taking over the state of florida. good morning from washington, it's monday, february 4th, 2013, this is "daily rundown" i'm chuck todd, the lights are on. first read, president obama will take his push for stricter gun laws on

this tweet, i'm going to speak into a mug because my bain is not very good. what people don't talk about is how the lights were on for the entire first half. never get that credit. we don't know yet the exact cause of last night, power outage or if it could have been stopped by a smart grid, maybe it could not have. but blackouts in general and big ones in particular are more common. there were 349 power outages between 2005 and 2009. that is double, double the amount of blackouts in the five years prior. it is crazy. it is crazy that our technology continues to get better. our country continues to get richer. we are richer today than we were in 2009. but our capability to power our country, including our stadiums during the super bowl continues to get worse. and we become resigned to it. there were no ads about infrastructure during last night's super bowl. nobody thought the government was close to doing something big, such an d would be a semi-reasonable investment. washington does not just need a brain, like the lion, it needs a bit of courage. joining me

. >> the little blue box, the dream of every woman and bain of every man. >>> buying health insurancey is the deadline and how it'll impact you. ceo of goldcorp pd today, another rough day for gold coming pup. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. federally billed haealth exchane have to decide. >> here in vermont they have actually been all in the process of building their own exchange for long time and they are pretty far along. one of the inter

. >> i thought it was speaker bain mother didn't have the guts to do a grand bargain deal with the presidentecause he was frightened of eric cantor in 2011. now he's saying it's the president who doesn't have the guts. i mean, this is total revisionism, isn't it? >> well, you can see that boehner wants everyone to respond to the president, the tea party, the republican party. if there was a moderate part of the republican party, i guess there will be a chance to respond, too. i don't really think that boehner is speaking for the american people or the republicans for that matter. i think that he is trying to keep these primaries -- tea party primaries down, and by doing that, they're scared to death of tea party candidates that are more conservative. what we have to do now is bring america together and let the tea party and the republicans fight it out and move forward with a positive agenda. that's what the people voted for and that's what they deserve to have. >> and so, congressman, do we expect another four years of obstruction and opposition from republicans in the house? is that what t

you've got the baines and technology stocks in the lead here. economically sensitive doing well.ed, bank of america, nokia, cincinnati bell, ford motor, jpmorgan and citi. all among the big movers today in terms of volume. with overall volume today also picking up and volume has been, of course, picking this up week with -- with overall volume not looking overall so heavy today but certainly picking up in the last half an hour or so. all-time high, 14,164. we're very close to it right now. meanwhile, since months ago, value investor bob olstein told cnbc that amazon could drop 50% over the next few years. since then the stock has done well moving higher. that hasn't stopped olstein from staying bearish on the stock. in fact, now he's calling amazon a ticking bomb on valuation. he says the wrong price for investors is what they are looking at. surprised short sellers are not piling in on this stock. >> bob joins us now along with cnbc's gary kaminsky who is a bit more positive on amazon, and, bob, we certainly want to get your take on the rally at large as we march towards these n