jeff hensarling, mr. chairman, good luck on your first hearing. >> you're doing great!thank you, kay. >> we may have heard the most dire sequester scare tactic of them all today. it came from janet napolitano. please take a look at this. >> i don't think we can maintain the same level of security at all places around the country with sequester as without sequester. >> with all due respect to secretary napolitano and my friend steve mcmahon, she neglected to tell us that even with the sequester, her budget will be larger this year than it was last year. if she could defend us then, why can't she defend us now? we're going to come right back. there is so much nonsense with this sequester story. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to

also jeb hensarling and muhtar kent., presented with a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, that's your life. remember, aflac will give him cash to help cover his rent, car payments and keep everything as normal as possible. i see lunch. [ monitor beeping ] let's move on. [ male announcer ] find out what a hospital stay could really cost you at aflac.com. [ male announcer ] find out what a hospital stay could really cost you (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more eas

so chairman hensarling brought up great points that are discussed on this trading floor constantly.lion portfolio. imagine if one of the big hedges had that, eventually we know there is going to be a normalization of interest rates. but the chairman's answer always seems to be run off and timing and exit, just like you're never going to get the type of debate that is enlightening because nobody knows the outcome. even more than that, the losses, they're just going to be considered accounting, but not true. there is going to be many reporters like myself, when it happens, who are going to look at the portfolios exactly the way we look at them if they belonged to a hedge fund. and, believe me, on that magnitude, it is a lot like the lack of mark to market that was going on precredit crisis in some of these derivatives. you can fib about it from an accounting perspective, but eventually the gravity, the weight of these losses will be significant and will be out in the public venue. the other issue is the purchases. with the fed purchasing so much, why do we pay attention to interest ra

interestingly enough both liz warren, the liberal democrat, and jeb hensarling, conservative republicanmer ben bernanke, suggesting he was not as successful as some people claim he was. where do you fall on that? >> right now he is continuing to put money into the system to keep interest rates low but you can't keep doing that. over ime it devalues the dollar. that is why it is so important to get the economy going. we control our spending to reduce the deficit and debt for the long-term fiscal soundness of our country and our currency. david: very quickly, is he successful as a fed chairman or not? >> well, at this point i think there's more to do on his part but it goes with getting congress and the president to get this deficit under control. david: all right. it's a political issue. thank you, senator john hoeven, good to see you. appreciate you coming. >> thanks, david. david: liz, over to you. liz: is the golden state presenting a golden opportunity for other states because businesses are moving out? up next, the mayor of san jose on the high taxes he believes are driving business

systems were designed to in hensarling, not patient care. the crate a hideous documentation burden that robs precious time from a physician that they would rather spend with their patients. if we had designed the ehr to further clinical care, we would have developed a very different tool. it is true there are elements that will preserve patients' safety. they are far overshadowed by demands for administrative documentation. will lose the narrative of the individual patient to make billing more efficient. i urge you to work to make a difference, not for me or you, but for the patients i have the privilege of serving, who desperately need elected officials to care about what happens to them. thank you. >> thank you very much. i want to ask two brief questions in my five minutes. my understanding is, if i have the flu and a walk into an emergency room, it will cost medicaid something like 10 times more than the walking into a community health center to visit my primary health care physician. my understanding is there are millions of americans w

chairman jeb hensarling writes the fha dire financial condition and climate in our housings system is every taxpayer is at great risk having to fund another washington bailout. one washington advisor says the fha may need some short term help show its fiscal situation is overblown. >> on the surface it looks like a number that is kind of a gasping number, something people are responding to and speak to the short-term solvency of fha. on itself is not really an accurate assessments of the solvency. >> democrats and republicans say they want to overhaul the government financing housing system and with taxes and budget dominating washington an upgrade of government housing policy anytime soons seems doubtful. back to you. david: rich edson, thank you very much, from d.c.. liz: data storage, we all have so much more we're doing online. storage equipment-makers are very popular these days but emulex is a company that struggled recently at least. they have seen their stock fall, following its earnings release and today they got hit very hard. they feed on revenue -- beat on revenue but the

bernanke and members of the committee and chairman hensarling sees record setter done twice a year arehrey-hawkins act. we know he was concerned about jobs coming and he was concerned about monetary policy. because of that, and he worked hard with hubert humphrey to make sure jobs in monetary policy played an important role in the deliberation and debate and discussion with the united states of america. as we face sequestration we must understand the negative impact that these cuts will have on jobs and the economy. you being here today mr. bernanke is important. nobody knows better than you the impact of sequestration and in terms of our jobs in the country and the monetary policy you have creatively and expertly guided to help get this back on the road to growth and if not we would not have maintained this slow growth, as it may be, without air of leadership. i thank you very much and i yield back the balance of my time. >> the chair recognizes the chairman of monetary policy subcommittee mr. campbell for three minutes. >> will come mr. other chairman. you said yesterday and you will

speaker, to place in the record a statement by congressman jeb hensarling. the speaker pro tempore: the gentleman's request is covered by general leave. mr. poe: i yield to the gentleman from tyler, texas, judge gohmert. the speaker pro tempore: the gentleman is recognized. mr. gohmert: thank you, mr. speaker, and i thank my friend, the former judge, as well. it is an honor to be here, to be part of this special order to honor our friend sam johnson. sam and shirley are public servants in every sense of the word. through his 29 years in the air force, united states service, that's what he was, what he did. seven years in the hanoi hilton, one they have worst prisons ever concocted, an imagination of sick minds, 42 months of that in solitary confinement. there are people running around the world saying you can't put people in solitary confinement but they were not around to help sam johnson during that horrible time. in hanoi. this is the 40th anniversary of his release and america has been better for sam johnson living and serving and shirley being his partn

the idea was from jeb hensarling , he wanted it for testimony for the thing to be running.mplained, hey, this is political. you can't do it. maxine waters said okay, mr. chairman, how about this compromise? if a democrat is speaking, will you turn it off? so they did. but when they're not talking, it's running. >> gretchen: i think it's important to point out that $37,000 a second, you know what that adds up to in a day? 3.268 billion. >> steve: no wonder the democrats want it turned off! >> gretchen: it's a lot of money. interesting to look at it when you break it down. >> steve: a lot of our money. straight ahead on this wednesday, it sounds like john lennon and yoko ono's dream come true. one democrat wants to create the department of peace. is that really what our country needs right now? peter johnson, jr. has the story. >> brian: give it a chance. >> gretchen: then he walked ten miles in the snow to get a job interview. he didn't get that job. but wait until you hear what he did get. it's an amazing story, coming up soon angie's liat angie's list, i autyou'll find rev