emac, specifically one promise that he made, when apparently he had information that contradicted that promise. july 2010, a report was out that 4 to 67% of individual policies would be canceled. i.r.s. report, obamacare report he had three-and-a-half years ago. since when he made promises that denied that report. >> that is right. that report went from also i.r.s., h.h.s., treasury department and labor, so the administration knew it. now they are treating like the rounding error. they are saying we were looking at the 90% of the people who get help. but that's also a fallacy. the prices are going to up, too. people lose doctors by the score. millions of people coming home for ho insurance canceled and losing their doctors. credibility is a fragile commodity for any president and he shot it out the door. what is happening now, people are not listening to him and they don't trust him. >> rich, to emac's point, there are people losing their doctors and losing their insurance. we want to put a face on it. stuart varney, at the fox business network, had on a woman who lost her insurance po

but emac, you say no matter what you call it, it's a tax. >> this reminds me.o do a twist on what president bill clinton said once. it depends what the word "fee" is. the word "fee" is really a tax. what we cited more states over the last five years are becoming addicted to the fiscal sugar. $100 billion in "fees" which are really taxes in the last five years alone, david. >> so it's a tax, morgan, no? >> i'm going to say no. because a tax by definition is involptary fees. these are not involuntary. at least on the individual level. you are talking about user fe tied to park admission and increase airport security. if y don't wantto pa those fees you can opt out of taking advantage of those services. >> sales taxes are also voluntary as well. you don't have to buy the item. >> what about that? are they a tax or not, the new fees? >> sadly they become taxes. fee for legitimate service, fine. we saw the gal fund, they raided that. airport taxes supposed to go for the air traffic control. instead rated for other things. in this case it's sadly a tax. not a fee for

emac is here with more in "emac's bottom line." who is saying this? >> ihs.gin, award winning expert in the oil markets. and he is saying essentially what he is seeing now is, u.s.'s level of imports versus everything that, you know, con soups, it, was at 35% in '73. it rose to 60% in 2005, 2006. now it is back down to 193 levels, u.s. imports of petroleum products. this is a big deal for the energy markets around the world, what he is saying. we already have basically citigroup out earlier in the year the u.s. will be energy independent in five years. this is ed moore saying that. basically that the u.s. will only be buying oil from canada in five years time. adam: this is amazing amazing wu consider the ramifications politically. you could have hour-long discussion on that but financially, the input costs for businesses in the united states, we're growing to start seeing this i would imagine pretty soon? >> what is really interesting is, that the projections for the price of oil, citigroup is saying 70 to $80 a barrel in five-year's time by the end of the d

when it comes to -- charles: did you watch the market initially, emac? that the fed is going to start tapering a little bit. liz: we're debating that they do that by march. they may not. we're relying on the fed forward guidance, not ceo's forward guidance of their own earnings. charles: the fed is not the american public. they understand in this number the participation rate went down. they understand in this number, a lot of part--ime jobs went up. they understand, in this numbers the labor force was down 720,000. they don't have to necessarily buy into the spin or the hype. >> that is exactly right. this is about ben bernanke, right? rates are inching up. you have to watch that. other thing to keep in mind, this gets to the whole question about size of government. this came during the government shutdown. charles: supposed to kill the economy. republicans killed it! imagine that. less government emboldened big business. liz: look at number. 90.6 million people are not in the labor force who would want to work. incredible. charles: i want to do a study

one is how does can kuchen away recover when th tea party emaces the shutdown of government in the weeks leading up to the election. that was devastating, i believe. and with obamacare train wrec vsus this. >> while obamacare let's posit for a moment, -- of course you don't. [laughter] lou: at the monument prident obama's leadership. >>orthern virginia was part of the process, and so there you go. >> there was a problem and the fact is he os. >> i think that obamacare is going to be the problem going forward. and it's not likely to be another showdown between now and the next election. but obacare is with us. lou: than you both. up nex, vladimir putin apparently having second thoughts about his association with syrian dictator bashar al-assad. al-assad. have that and much mo when we made our commitment to the gulf, bp had two big goals: help the gulf recover anlearn from what happened so we could be a better, safer energy company. i can tell you - safety ist the heart of everything weo. we'vedded cutting-edge technology, like a new deepwater well cap and a state--the-art monitoring cente

emac, because we're getting a lot of tweets about the piece with david stockman.set we didn't let stockman speak more. his point was the fed creates a lost bubbles. the point you and i were making for the audience to understand, we don't disagree with that but what stage of the bubble phase are we in there is no evidence that we're in a bubble right now. liz: stock prices trading half the dot-com era. 20 times basis. that is 5%age points above the norm. in the dot-com era they were 35 to 40 times earnings, price valuation. i hear what he is saying. i agree. i don't like what the fed is doing with basically massive money printing. it is really, really bad. we've never seen what they're doing in the history of the country. charles: i wish for one that there were no fed. i think fiscal policy in the country is designed to turn us upside down, anticapitalism, anti-suck success. liz: buying growth by devaluing the dollar. charles: thanks a lot. want to get back to obamacare, dismal enrollment numbers a new report find that fewer than 50,000 people signed up for the pro

ashley: emac is all over it. in our tech minute, you have got to see this. that ensure nurses and doctors find your vein every time. my mantra? family first. but with less energy, moodiness, and a low sex drive, i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron. the only underarm low t treatment that canestore t levels to rmal in about 2 weeks in most men. axiron is not for use in women or anyone younger than8 or men with prostate or breast caer. and children should avoido are contact where axon is applied as unexpected signs of puber in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medication serious side effects could include increased risk decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while eeping; and blood clots in the legs. common side effects include skin redss or irritation where applied, increased red blood cell count, headache, diarrhea, vo

momentum names last couple weeks, maybe three weeks now into more solid, bluer chip names, to your point, emact is the thing, if i'm in solid blue chip names, nike, we talk about all the time, starbucks, johnson & johnson. how can i pull money out of that. >> here's the thing. what are we looking at? what is evicinity to say hey there is bubble, and froth in certain markets? it will be interest rate rise, fed funds increase at federal reserve. separate from the scaling back of money printing. what are the outliars there? which stocks get hurt by raise rises, utilities, telecom, consumer staples. >> what about when the monetary policy starts to tighten, that is the question i hear all the time? >> i think it will be 10% pull back lasts for a few months. tapering and hiking interest rate which won't be another couple years. we all kind of know that. tracy: right. >>> i studyed in the past during hot bull markets when the fed changes direction, we had interruption but it's a short-term interruption and we turned around resumed again. if this indeed happens because the economy is better. because t

emacs are members of the house act as the prosecutors and the senate acts as the jury.dm gave the closing argument in the impeachment trial. and this kind of a very big event. he made a number of claims they are better a little hard to square with the mother city said. i mean, prosecutors sometimes are advocating for some name and will oversee things up with him strongly to win their case in a way that maybe doesn't quite work out otherwise. so for example, he said that, well, the president had no right to refuse to obey an act of congress, even if he thought it was unconstitutional and wanted to test it in courts. when people pointed out that if congress passes some really awful, clearly illegal thing, because the answer was that's why we have elections and the problem with that of course is there weren't elections going on, for example, in the south. they weren't allowed to be in congress until they ratified the 14th amendment. it wasn't really great to see the courts could come in and do something because the supreme court was being threatened with all sorts of terri

"emac's bottom line" is next on that. ashley: don't we all?entenced to two life terms. details ahead on the "whitey" bulger trial in your fox news minute. welco back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. and this park is the inside of your body. see the ecial psylliumiber in metamucil actually gels to trap some carb to help maintain healthy blood sugar levels. metucil. 3 amazing benefits in 1 super fiber. >> 23 minutes past the hour, arthel negatively with your fox news minute. the aircraft carrier george washington has arrived to assist in the relief effort following the deadly typhoon. the carrier and its strike group will us 21 helicopters to help reach the most inaccessible areas. the u.n. quote as g