promised to get the government ofthe cks gives us greater productivity.dt the keystohis anwas a 50 billioe cks how the 1970sgetmorerod? gived been difficult yearsity.dt r the american people, even for ecomists., by980, a growing number of people saw the goveme as e source ofc. let's give the peoplees be, anncentive to produce. these economists were supy-sirs. their spokesman was arthur laffer. let's give the peoplees be, anncentive to produce. people work to get what they can after tax. people don't increase the productivity of their capital, labor, or production process to give the money to the government. they do it to make personal profits. when you cut the taxes, you increase their incentives for doing that activity. you'll increase productivity output. when you increase the amount people get after tax, they will be more productive. laffer believed that tax cuts cause people to work harder. economist norman ture argued that the result would be increased savings. every dollar of additional saving represen an adtional dollar of capital. it is a fundamental law of economics, which has no

the dow jones up 35 points today, the s&p up 3.5. 3.7 billio shares traded on the big board.s posting slight gains, the dow jones leading indexes higher. and not that greenlight capital forcing apple to share its cash stockpile. and the award slashed by 40%. apple shares down 2.5%. bond market yields moving lower. ten year notes closing the week at 1.86%. as for commodities, falling to $1571.90 per ounce, a closing low for this year. oil opping $1.37 on the day, as well. after the market close, the state department released a report reviewing the environmental impact of the keystone xl pipeline. saying that it sees no reason the pipeline can be approved. what took so long? and president obama blaming a cooperative republicans for at the sequester and he had this to say when he was asked why congressional leaders could not be forced until they reached a deal. >> i'm not a dictator. i'm the president. ultimately if mitch mcconnell or john boehner say that we need to go catch a plane, i can't help secret service blocked the doorway. >> joining me now is mike huckabee. i have to

said: it would, it would be great if the federal government could find a site that didn't cost a billioollars which using downtown will. it's going to cost an awful lot of money and disturb an awful lot of people. i mean, the suggestion of a military base is probably a reasonably good one. and with that, the obama administration changed its mind in 2010, kt. >> right. lou: he does not, the good mayor, want to in any way disturb the tranquility of the obama administration this time. >> well, if it was going to be a problem with khalid sheikh mohammed, it's going to be a problem with this guy too. and all of the security issues, the expense of it, the vulnerability of new york and particularly now when we are told time and time again the latest threat is not al-qaeda in pakistan, it's not al-qaeda even in yemen to the united states, it's the lone wolf. and that's the guy you never see coming, and that's the guy that's going to head to manhattan. lou: i want to turn to hugo chavez who the funeral in venezuela today. the u.s. delegation led by congressman gregory meeks, former congressman b