joining me is congressman david dreier. thanks for being with me today. >> always good to be with you, governor. >> governor huckabee: i don't think most americans have any idea the coming economic disaster as if our debt wasn't enough. explain why this is really looming upon us, this tax-mageddo. >> arthel: >> americans who earn $33,000 as individuals and $45,000 as a couple will shoulder, an additional tax burden with the alternative minimum tax and across the board everyone will be impacted. i have your fellow musician and former governor jon huntsman in my office in the capitol yesterday and we were talking about the juxtaposition of ronald reagan's economic growth plan to barack obama's and i enjoyed your pointing out the fact that it is about me with president obama and about you with president reagan in your opening salvo which was right on target. this has been called the worst economic slow down since the great depression and we hear that over and over again in the media but we have to look at why that is the case.

dreier and cooler weather coming in for sunday and monday. >> look at the \ ravens coach john harbaugh has dealt with today. he spoke a simple truth and you would think he had defaced the u.s. constitution. in an interview this morning to promote an upcoming fund-raiser, he was asked about this that -- about reece and penalties. he said when things are all said and done, what happens -- no matter even if it has any impact on whether they won the championship or not, it has been stained. he did not say anything untrue. by the time the comments made the round on the internet and twitter.com you think the committee on un-american activities wanted to investigate him. this afternoon he released the following statement. he said marissa -- our reference was to the perception that came as a result of the recent actions. i totally believe that the patriots and st. coaches and players are no championships. there has been some distortion about what i said. believe me, this will come up again in september when the ravens get set to face the new england patriots in the third game of the season. th

dreier and were into the memorial day weekend. an 80% of the storm.t will feel like summertime. >> we began with a late breaking news from hewlett-packard. following a dismal third quarter profit, the company is cutting 27,000 jobs. 8% of its workforce. that is due to slumping demand on printer equipment and services. streetk's debut on wall has stirred up trouble. a falling stock price for an ipo that had a controversial start. >> let's do this. >> last week's facebook frenzy on wall street turned into frustration. >> i have never seen anything like this. >> nasdaq blames a software glitch. after an underwhelming showing, the share price of stock has tumbled. >> everybody was on the same page. everyone thought there was tons of demand. we know that was not the case. >> that could be because of reports of investment banks' shared-information about the a look with selected clients before the stock hit the market. >> they decided to stock -- dumped the stock. >> the lead underwriter said its completion -- its procedures complied with government regulati

dreier about making such amendments in order, we would very much appreciate that. of course, we would also appreciate perhaps if you wanted to take up the senate bill as a substitute, we think we would have overwhelming votes for that on this side of the aisle. and in light of the fact that you and i have been working in such a bipartisan fashion lately, perhaps that would be a good way to continue that process. i yield to my friend. mr. cantor: i thank the gentleman. it has been a certainly improved sense of cooperation and i appreciate that on the gentleman's part in trying to deliver results and trying to make sure we get america back to work. i would say to the gentleman, as he rightly noted, that this bill has traditionally been re-authorized and what the approach we took tried to focus on was to do what it is that the gentleman and i have been trying to do the last couple of weeks, and that is to separate out things that divide us, and try and unite us around the central focus of a particular piece of legislation. it is a program that calls for the commitment

dreier and warmer weather going into the weekend and memorial day.ook for a thunderstorm or two, about a 50/50 shot. it will be warmer onshore going into the weekend. a cool sea breeze kicks temperatures down at ocean city. it will probably be the low 70's. there is a chance for some scattered showers or thunderstorms. upper 70's to near 80, and then at mid 80's on friday, and then we are near 90 through the weekend with only a slight chance for storms on sunday and monday. >> the new republic facebook stock is now in its third day of trading, and let's just say that things are not going as well as planned. here is a look at the closing numbers. more americans buying homes. these are previously owned homes. back to facebook, those numbers continued to slide. it was down 9% to a price of $31 per share. they basically had their initial offering at $38. well, it's sort of fizzled, and now down below the initial price. they are annoying, illegal, and sometimes expensive. we are talking about unwanted spam texts, joining many of us crazy, including us. bu

david dreier joining us. >> it's a starting point. >> i'll allow you to use your title, sir, for that. >> happy to lend it to you. >> exactly. happy to do that. thank you for your time. appreciate it. it's interesting when i asked him about who does the u.s. want to see of the four main candidates that most people are talking about he did i think a fairly political answer of anyone they elect. there are obviously huge u.s. interests behind all this, and i'm curious, and, you know, he talked about strategic pre relationsh relationships, what do you think? >> i think we would like to see amre moussa, versus the islamist party representatives which there are two. we would not like to see egypt to head the way of iran. we'll work to ensure that. >> one thing to stress it's their country and they have the right to choose who they want to choose. oftentimes in american history we spend a lot of time discussing what our interests are. that's egypt. >> but to ignore that we have interests in the region and specifically in egypt is i think incredibly -- >> no, we have interests, but they have

dreier about making such amendments in order, we would very much appreciate that. of course, we would also appreciate perhaps if you wanted to take up the senate bill as a substitute, we think we would have overwhelming votes for that on this side of the aisle. and in light of the fact that you and i have been working in such a bipartisan fashion lately, perhaps that would be a good way to continue that process. i yield to my friend. mr. cantor: i thank the gentleman. it has been a certainly improved sense of cooperation and i appreciate that on the gentleman's part in trying to deliver results and trying to make sure we get america back to work. i would say to the gentleman, as he rightly noted, that this bill has traditionally been re-authorized and what the approach we took tried to focus on was to do what it is that the gentleman and i have been trying to do the last couple of weeks, and that is to separate out things that divide us, and try and unite us around the central focus of a particular piece of legislation. it is a program that calls for the commitment

understand is on his way here and will anticipate that he'll be speaking on this, congressman chairman dreier thompson and i would in particular like to thank my good friend and colleague from texas, chairman smith, for his support in bringing this legislation to the floor. i also would like to thank senator feinstein and senator kyl for their work on a bipartisan, bicameral piece of legislation on the senate side which is senate 1236, the companion to the border tunnel prevention act of 2012. the border tunnel prevention act of 2012 strengthens the 2006 border tunnel prevention act which made it a crime to construct or to finance an unauthorized tunnel or subterrainian passage across an international border. this border seeks to provide law enforcement officials with enhanced investigative tools and additional options for prosecuting crimes related to the construction and the financing of cross-border tunnels. the border tunnel prevention act of 2012 would criminalize the attempt or conspiracy to use, construct or finance a cross-border tunnel and also permits the forfeiture of both cash and

dreier about making such amendments in order, we would very much appreciate that. of course, we would also appreciate perhaps if you wanted to take up the senate bill as a substitute, we think we would have overwhelming votes for that on this side of the aisle. and in light of the fact that you and i have been working in such a bipartisan fashion lately, perhaps that would be a good way to continue that process. i yield to my friend. mr. cantor: i thank the gentleman. it has been a certainly improved sense of cooperation and i appreciate that on the gentleman's part in trying to deliver results and trying to make sure we get america back to work. i would say to the gentleman, as he rightly noted, that this bill has traditionally been re-authorized and what the approach we took tried to focus on was to do what it is that the gentleman and i have been trying to do the last couple of weeks, and that is to separate out things that divide us, and try and unite us around the central focus of a particular piece of legislation. it is a program that calls for the commitment