the economy, says dan henninger. liz macdonald is with me and so is market watcher robinson.than obamacare and the economy? what say you? >> the economy and what's happening is dan henninger is reporting in the wall street journal that it's a threat to national recovery and punching below its weight and growth coming in 1.7%, had an of of what india's global investment product rate is coming in. after a collapse, 4.7%, stuart. stuart: michael, you're our new market watcher by the way. henninger's headline, what's worse than obamacare, the headline. what say you? >> well, the economy is a slow-growing economy, one of the weakest recoveries we've had after recession. that's one of the things i like about tech, stuart. tech companies throw up a lot of cash and i began telling people in 2009, whatever you do get into technology. the road to wealth in america is paved with high-tech and everybody should be in something today. stuart: and we'll get more in a moment. all i hear are tech bubbles. we'll be back in a second. the market has opened higher, 15,937. we're up 36 points in t

dan henninger is with the wall street journal and he is here.s is part of the collapse of obamacare. is it? >> is falling apart like a big rube goldberg machine furrowing nuts and bolts and rods in every direction. think about what they are saying. canceled plans will be allowed to continue but they are canceled. you can't just throw a switch and restarting sharon's plans like that. the obamacare is like a milk truck that spilled milk all over the street, now they're saying did back in the bottle. isn't that easy and very difficult for all these millions of plants that have been cancelled to simply restart. stuart: suppose they did allow those canceled plans to stand. that is the demise of obamacare because all those millions of people who would have gone on the exchanges will not go on the exchanges, will not put money into those insurance pools but keep the insurance they have got. that is the demise of obamacare. >> obamacare, affordable care act at this level is an insurance program. insurance is about large numbers of people going into pool

. >> "wall street journal" columnist and deputy editor dan henninger. washington columnist january esrel. and dan freeman. this is going to be quite a sight. when they face their constituents. i'm thinking back to 2010 and those tea party town halls. a redo of that? >> yes, probably, but the people who are there are not going to be members of the tea party, they're just going to be average americans. they're going to come in and they're going to be very upset about the stories that they have heard of people having their insurance policies is canceled. either personally or friends. there's been enough of them that virtually everybody, all of us knows someones who had their insurance canceled. they're going to demand these democratic lawmakers explain what the heck they thought they were doing. it's going to be very difficult for them to defend the law right now. so i think the more that they get pressed -- one example, dianne feinstein, senator from california, went back home recently, came to washington and said she's signing on to governor mary landrieu

rich edson will come up and we will have dan henninger on. -mack breaking news, anything you can talk about. let's go. changing the filibuster rules in the senate. we are going to do it. >> talk about markets right now close to 16,000 on the dow and nicole petallides on a rally at the stock exchange. nicole: good morning. you are absolutely right getting close to 60,000 or 16,991, the survey helps us with jobless claims that came in slightly better, adopt 91 points a gain of 1/2% and nasdaq composite up 1 percentage point. the isn't be at 1792 and majority of names on the dodge and industrials have green arrows, 25 have up arrows led by jpmorgan, united healthcare, american express. a lot of winners to speak of. also want to talk about green mountain coffee roasters. the stock is soaring at the scene%. they can she not with quarterly profit on a rise by a 30%. dagen: couples enrolling in obamacare are facing what is being called a marriage penalty in the new health-care law in terms of subsidies you will get based on income levels. there heri

back with dan henninger and james freeman and mary kissel also joins the panel.mes, not a lot of sympathy with the people for banks but i have trouble figuring out who the victim was in all this. >> i think the justice department had trouble too and a lot of americans angry about the wall street bailouts in 2008, i'm one of them but here we have one of the banks that did not need a bailout, did not run to the government for a rescue, actually helped the government take over banks that were failing because they made all the mistakes and now the government suing jpmorgan for the offenses of the ailing banks they took over at the government's request. it's just incredible balance faith on the part of the government and i think you mentioned the political motives. we can get that that but this is the ceo who's criticized the dodd frank financial law. >> that's an interesting point, mary. the fact is that that is one of the banker who runs jpmorgan chase, jamie dimon has been critical and political persecution here. >> jamie is one of the few big ceos that's come out

the wall street journal dan henninger on the coming obamacare collapse.ys the president got it wrong, obamacare is it not the success that he claimed in the formerly golden state. is this the year when smart phone on-line shopping goes viral? yes, says our guest and he should know. brian kilmeade on cheating and winning in baseball. happy thanksgiving to one and all. ♪ look at this, wednesday before thanksgiving and the stock market goes up again. charles has been saying this for a long time and he's been pounding the table. the little guy has got to get into this. i take it you're pounding away again today? >> yeah, i'm pounding, listen, trying to predict or be so weary at the top that you don't participate is tough. the little guy is extreme-- extraordinarily intimidated and afraid. a guy 69 years old. 750 brand he lost in the previous crash and felt whipped around and is going to live a long time and hh's reluctantly in the market, almost everybody i meet is reluctantly in the market or thinking of selling. stuart: you have to understand, it looks a lo

dan henninger is the deputy editorial page editor for "the wall street journal."for being with us. >> gregg? gregg: tell us a little bit more about what i just read. >> well, i think the president, gregg, is in a very lonely place right now. he's obviously given this apology because he has to somehow stop the bleeding. the stories were just overwhelming. and i likened it to watergate in the sense that you have this steady daily output of stories that are negative, that are eroding the presidency, and you get to the point where people are looking forward to seeing what the next big, bad story is going to be. it's like an avalanche rolling downhill that creates mass, it creates velocity, and the presidency is at the bottom of it. so i think barack obama has found himself in kind of a maelstrom right now, gregg, and they're really struggling to figure a way out of it. gregg: and his personality, you point out if your column, his ever-aloof personality is unsuited for the crisis. he's sort of a bystander president? >> well, he's always kept the congress at arm's lengt

joining me to break it down, columnist for the wall street journal dan henninger and ed -- editor ofhe post. is there a worry about this? >> the big worry is that people who can't sign up now, the people signing up are older or sicker because they need insurance more. the younger people you have to balance out the risks to keep premiums low. in the second year you have premiums going up in the insurance market. but look, if they get the website up and running in a much better way in the next two weeks, in the next month, you have a number of months after that until at least march for people to sign up and get the high-risk pool going. i think it's much too early to say whether it will follow that trajectory or some other. >> my friend in college said, i would be willing to sign up for something the government said i should sign up for if they were running it right. they're not running it right. >> they're not running it right, and i think ezra put his finger on the issue and whether they can construct it from front to rear, where you go in, price the insurance policies, interact with

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