>> ihink that' a leap. maybe it will be established, but there is no evidceo support right now.plenty of business over there in the sense that the affordable care act is a very significant responsibilit. in fact my concern when i testifd last year was tt entered the service to closely into the rest of the government. you want the ancy to have a lot of independence. unfortunately he answer the question about this brothers broccoli and talked about an easter egg hunt. he had very good reason to be over there and he should he shown moreeference and said exactly whyeas in there. melissa: out of a clean this up? you have bee inside. do we have to change t law, clear house? is it endemic to the organization have a feeling you're going to say not true to the last one. >> i wouldell you tha the first thing that has to happen here is thpreside needs to appoint a permanent commsioner. there is no way you would let e cia or thebi jen months and months without a permanent leader. that is to happen and it needs to be an individual of stature will te charge of this, a takeover for someone doi

ovall am i worried, as pessimistic as ohn, no, ihink this is a temporary pull ba d obably more a good buyingng opportunity than anything else. >> john, the market has gone very far very fast. isn't it time for the bulls to take a breather? i mean, the dow is up 13% so far this year. >> sure. look wt happened in japan. you had them almost strght up and they have cme significantly off their highs. this marketas about 12,500 a year ago. just short of 15,000 right now. so i think it's normal that anytime you have any perception of bad new, people start taking money off the ble. but i agree with ry that this is a buying opportunity if we go much lower here because bernanke said that he won't rae rates until employment gets down to 6.5% and once you start seing the economy get better, more people going in the workforce, it will take a while before the raise rates. >> but this has been a bond buying binge. if it stops, if the fed pulls back, isn't that a sign that the economy is improving and isn't that good for the market? >> brenda, i think you're absolutely right and it's a return that we

ihink they have every right to -- >> is it a delicate balance? -- right before we were in a crash. theyon't have the right to rifle through our ones and look at all of our recor. >> wait a minute. you just were okay with them collecting our phone records. d now if they take the phone, now you get all et. >> who knows at's on that phone? no, if they have probable cause, they can go ahead and try to find out specifically if we were texting right when that happened. the technology allows it. if it doesn't, we need to velop the technology. but i'tant some cop -- >> what do you make th >> make of it that i have been crashed into repeatedly by girls who are applying makeup or men who were texting -- >> or fans. anything toet you out. >> or fans, right i would like them to be able to examine, see if people have been texting. texting while driving is an absolute outrag disgrace to humanity. >> b charles payne, everyone has eir cell phone in their car. so are you going to instantly conclude if youre a law officer, well, i'm going to check the phone. >the sppe slope argument is ther adam's t

that's surveillance ihink we should be concerned about. >> when you sign a user agreement that says you can daa mine meyou give up your rights. we never signed that deal with the government, did we, wayne? >> the problem here is more fundamental, eric. we have essentially a fascist economy in which big-- i mean jonathan is promoting oh, you've go to get big. well, that's wrong. you've got small. you've got big government, big business and big labor, and they're all in cahoots. and lien, verizondidn't do this on their own. the government leases that line. they provided the financing to verizon. the government and verizon are hand and glove. the government and ge are hand and glove. it's going to control6 of the banking. everybody is too big. and that's what's wrong. we have essentially a fascist econonomy. >> go ahd, jonathan. >> verizon's done nothing. you're all dumping verizon. they've done absutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't kn

ihink the bigger issue isn't whether we should trust the irs. i think the bigger issue is the fact that we have murky, poorly itten legislation. i think if there's any kind of scandal that comes up around this, it's going to be because of the lemg slagislatiolegislatr >> i don't even like obamacare, but should the irs be the one to enforce it? >> clearly not. they've lost the confidence of the american people, as steve points out. look, electronic medical records industry in the united states is $20 billion insize. there's a company called epic systems whose ceo, judy ulkner, they're in a position to get after that business. she's the only known representativen obama's mmission to look into medical records under obamacare. so i think this thing has many, many layers yet to come. it reeks. >>ould you trust the irs to go through your medical records? >> i'd feel odd being in the positn of fending the irs, but i'm going to and i hope they're watching. >> you just don't want toe audited, rick. face it. >> yeah, believe me. >> although you'd have to

creates $2 or $3 of income over re beuse of management, because of,ou know, data centers, et ceter so ihinkhe biggest issue here is that we've totally disregarded the fact that the internet businesses which to ary's point are one of the faste growing and hi-paying jobs in the country are really a threat outside the united states, much more than inside the united stes. >> well, susan, you actually think this could be a benefit to the economy. >> i do. you know, i think we have lost a lot of the priva around purchasing data already. and people are comfortable with that. you know, you buy something on the internet. jonas buys a dog toy the internet, and then all of a sudden he's saying ads for kibbles pop up. thas because they're coming through your purchasing data and they're suggesting ads to you. wee alread gotten comfortable with some level of losing that privacy there. when you think about encryption, i think there could be a really strong boom in the crytion rvices. there are a lot of companies already starting to do this. this is wt american inguity looks ke. we see a probm, we find a w

first of all, ihink heidi klum, she has the right to exercise her choice, butfor 95% of kids the main is not the calories they take it. it's the lack of calories that they put out they'rnot exercising the way they used to. that's where you're going to create healthier children. >> of course, i remember fat albert, bill cosby talking about him inthe '60s. what about bribing kids to eat well, for or against? >> heidi and i have a good understanding. i don't tell her how to raise her kids,he doesn't tell me how to raise mine. i'm sitting at a table who rekwoil r recoil in horror it takes a village. u want to tell heidi what t do. >> ke, i don't think you're in favor of the nanny ate. you don't want the nay state to come in and foe people. >> i justhink back to wheny dad used to give me 50 cents to ta out the garbage. i didn't really do it fothe 50 cents xs. i did it because whether he paid me or not, he was going to make me do it anyway. >> steve brings up a good pnt. in a way, an allowance is kind of bbe to get your kids to pick up their room, right? >> absolutely. i do it with my threl

. >> ihink the president just let it slip. i think he was just explaining it.oe biden mess. he actually said what was on his mi. >> okay, the second issue. why should airlines have all the fun? they are making a killing off of all of these ridiculous fees. i think it is a great idea if you are a democrat. you have to crease t power. in a uple of months, they will have a hearingthey will bring in the airline executives and say you're not paying your fair share of taxes, just like they did to apple evethough they are following the law. >> making billions off it. changing reservations. it is the only way that the airline guys can figure out a way to make money. this is going to be very expensive for the average person. il: issue three. nike is now looking to apple. they would like to use it for some of its devices. how many calories you bur how far you you're running, how much you are eating. charles, what do you think? >> no, listen. they are out there, they are in seattle, they are connected. there might have en some nd of graphic. >> like maybe they will need a

that is what ihink the bigger story is. >> according to a new survey, being married have more money.rised by that? >> i am not surprised. but i guess in looking back over my marriage, 25 years strong, i guess, i guess maybe you do have to work a little bit harder to maintain a successful marriage and make a lot of money. so i guess it was surprising, but in looking at a little bit deeper, maybe not so shoking. neilwhen i ran into this survey was as if it was a choice, either marriage or money . i think that we understate the impornce o what the right partner can bring. and the longevity and the access at comes with hat. >> i would aee and i think there's something else in e study that caughh my atention. when you are older, it didn't matter. so we don't know and we don't re. but either way, i think that marriage is good and i w very happy to see that. >> i tnk money still matters. you know, so i'm thinking about this. >> of courseit doe we have to support the marriage, children, whatever comes with that. having a successful partner, i think is a premium that societies need agency ret

so ihink that we only get to focus at times. government should help students with student loans. again, i agree with you. not ridicouslartificially low rates because that is not sustainable. neil: the whole system is weaned off the government. >> yes, the federal government took over in 2010. direct lders by the u.s. department of education. when you have the u.s. academic system, when it is built on the nonprofit system, you have to say to yourself, they have a pretty sweet over there. adam is right. 900 grand for the dean of the harvard law school. holy cow. so you have to say to yourself, if they -- there are a lot of fatcat academics. i would say reduce their tax exempt status to make them more marketable. >> i was going osay the same thing. we suld have a policy conversation about that. i'm might solve some of th problems. exactly, that is the problem. the lenders use to be attack on higher education. they wouldn't give you one if you're going to go to a battle that would allow you to get a job and pay it off your that is a

john: ifid that, weou end wha >> qte a bit ls, ihink gd rul of thumb what wer spenng aroundime of 9 attasod is aut $450illion at ia gota. ba tn were sll defeing oerountries t codef tmsves, i w stopped that we could spend less. john: we would be safe? >> absolutely. >> thank you,, up next more wars like that war eat. >> we don't just want them labeled we' them gone. john: and the war on hate, itself. >> we should b treated the same with the same laws and same punishment for the same crimes. john: did you see headlines senators blast apple. congress went to war again that evil technology company. >> apple is one of the biggest tax avoiders in america. >> most of your profits worldwide are sitting this three irish companies that you control that don't pay taxes. john: so on. but wait. apple created maybe 600,000 jobs in america. moreover seas. a huge aim of new wealth. apple tries to avoid paying taxes, their account anes tell them to because american taxes are crazy, they and i avoid legally, won't any polician stand up for a business that makes an apatrol yeah, the appropriate response to bi

ihink it is a very dangerous situation.rkey goes away to egypt is going, we have the policy going forward and it is almost beyond scy. we cannot los turkey lou: now is the president s obviously said, we havea new element ofuncertainty and jeopardy. >> i ha with that. the main culprit in most of tha3 isira. isira. lou: we atd, whatever business you're in, that's the busineswe're in th premium service like one of the best on-time delivery records and a low claims ratio, we do atever it take make your business our business. od. helping the world keep promises. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- n't that a conflic sear "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds, and not one of the has our name on it. 're in theusiness of fding the right investmentfor you. e-trade. less for us. morfor you. the fund's pspecs contains its investment objectives, risks, charges, expenses, and other impoant i

>> well, ihink it's a great question. we could talk about four hhurs it's a historic course.by jones completed the grand am in 1930. be hogan came back after his almost fatal car accident, 1950. have not played there since 1981 because the courses to small. it's -- i hate to say i the circus of the u.s. open, but a the stuff that goes on, the corporate tents in the space the ne for television production. and they have a second golf course with the players are using for their pctice facity and for the locker room which is about a mile away, a even tt disturbs the players. they are goi to new work forces. courses no one has played before. to go back to a place like that -- i'm not worried about their financial pockets either. gerri: they do okay. >>ight. gerri: they're really do. he's going to win? >> well, i think phil mickelson is a great story right now because of the way helynn. he is never won the u.s. open. i know it's on his time. this is a short game players course. yoshould see him doing some pretty good magic rightow. unpicking a guy, but nobody really knows much abou

. >> oh, ihink that they will.ant o maintain good trade relations. >> and not but not before they get erything out of it can? >> that theoretically possible. i dot think it is part of this for trade reasons. >> okay. we thank you very much. >> thank ou. >> not a moment too soon. never mind whether suerman will be a hit. what is going on with all of these scandals. i think that it alec, for this mission i upgraded your smart phone. ♪ right. but the most importan feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. uhwhat's this button do? [ elecicity zaps ] ♪ you requested backu yes. s i did. what's in your wallet? how old is the olst person you've known? we gave people atier and had them show us. we leard a lot of us have known someone who's lived well into their 90s. and that's a greathing. but even though we're living lger, one thing that sn't changed much is the officia

>> wel ihink personal communations are being watched by goverent and is concerning. particularly when they come on@ the heels of the revelations of the irs. some of theprivate informatio that is used for political puoses. there is a loss of trust in our government. there has been a breach of significant magnitude and people have a rht to be very concerned. i don't think you can dismiss this. at the same time, you don't aim that there has been a breach of principles until you e what has been done. that is something that investigation will occur. if you will, let's not forget the prosecution ahead of the facts. let's get to the facts and see if there haseen some kind of inappropriate gathering of information. >> i mentioned hry reid at a time when he stepped on t floor of the senate to say that heas very well aware it dd raise the possibility that your tax return iormation or a part of it was leaked to him. what you think about? >> well, he obviously got this return and he actually laid out also what i paid in taxes over a decade. i'd have paid millions and millions of

seemed more mature than it's been >>ou have a real adult who was in complete command of the facts and ihink made the most compplling defense of this program. now, i don't think it will be enough because there's nothing lilike the bully pulpit and as effective as general alexander is, he's not the president. these programs rely need the defense of theval office and specifically psidentbama. >> the president's defense of his admintrion, this agency, roseo this level. he tought it was pretty transparent, the prism program. what does heneed to be effecte in the defense of nsa and his own adminisatio >> anything but transparent but i think after five years with the , passty of this administraon transparent is the butt o a joke thatwill be fective in the dicourse. he nee to explain mu like general alender did why we need these programs and what the structural civilliberties protections are in them because the run away freight train re is that people who are opposed to the program and saw the issue as a way to religate everything they lost wn the patriot act was authorized, have stolen the narrati

ihink what is optimistic believing that there's a way to undo what the fed has done that doesn't generatedislocations of the we jus have a fed balance sheet that is completely out of whack relative to the rest of the ecomy. when they sell, if they do sell all of those treasury bonds, all those mortgage-backed securities, something's got to give. melissa: i'm sure what you heard, what he said we can simply hold the securities to maturity. there is nothing that says we have to sell them. don't worry, we he it under control. asa professor of economics does that work first they hold them to maturity? >> that means changes, effects on interest rates will be very slow and very gradual and that might help but market see to be dependent now on them not onlyelling off what they already have on their balance sheet but continuing to buy more, this 85 billionr month. melissa: right. >> that really can't g on forever. melissa: yeah. >> i think it is trickier than the chairman made it out to be today. melissa: absolutely. let's get t winners and losers. we promisediewers we wou do this. good news for u

neil: i worry about be careful who you tick off ihink a way they were screwed i think that what hpenscontract law, and all of a sudden, people then would be less predisposed to invest in sick cities. i tl you i agree with everything that jedediah and brad said, whatou are thinking -- >> who do you agree with me? >> jedediah, it is girl power. but, i will say ts, the probm is, you have a contract that you sigd wh the pension owners, you -- >> kno unsustainable. >> you are right, contract law is conact law. neil are you a lawyer? >> no, i play one on tv. >> we have a force that is dejouring us. >> you and i for example, if we go our contract revoked we would expect -- you can't. neil: don't use me. yoan go too far wit it. >> you lk at detroit and constitution it say nas the benefitshaarearned, quote shall not be diminished or impaired, these are contracts. >> investors are onl one who stand toose something, because no one guess into with a guarantee. >> that isnvesting, i it? >> i but it is sad, if you get capital to go to sick cities or citi in deep trouble, somethingike this is not go

>> well, yeah, ihink it is scarey to think about the u.s.this national database, as far add everify, this is interesting to see how many employers are not opting in. to see if their employee are legal, this may be sethinge can get behind, and work together,. neil: i am worried about that. you know, i think that with the scandals coming up, this is scary. we know, what happens when government getting too much of our information. neil: wait you -- someone o your ben saying that government can get too big? >> well, right. i think that -- what was it when glenn beck and aclu get tother, you know things ae too far. neil kat, all points here, there is -- be careful what you wish for i notice with various agency with their own i.d. program, we could he a case, i think unlikely, but you have a multiple ageiesemanding communication, and they -- documentation. >> why not share one database. neil: too eas gre they should easy. >> they have to he their own system, but fbi already has a ge database, nsa has a a huge database,ach state dmv has a huge data

if they don't, ihink they prevail. what do you think? >> the bill that is writtenas noing that will help law enforcement and indeed, this includes the status uo. it does all kinds of things that we cantalk about so the amenents inthe commttee that were serious amends to increase border enforcement will reject it. for example, thereas an amendment ofred to finis the 0 miles that was promised way back in october of 2006. that was rejected. there was a amendment to stop the newly legalized income tax credit. that amement was rejected. if this pattern occurs in he sete and these reasonable amendments are rected, you will see the vast majority o republicans vo against this bill. happens. >> heris an example. we just received tis in which patrick leahyreintruces equality to same-sex cples which he ha withdrawn in this procedural vote. this is nothg morethan righteous ideological iistence upon deeming it again. he nveyed one message. w he reintroduces it and that is hardly the work of lottie legislation. >> you h the nail on the head. we do not

this is not going to be something that's easy or quick, and ihink the story you had when you opened this broadcast, chinese hackers, that's where we ought to be paying attention to. syria'simportant but the chinese stealg trillions of dollars of american intellectual capital and defense capabilities is to me a far more serious problem. >> then i'm confirmed in our lead. >> you indeed aae. >> thank you so much. general, your thoughts on syria as well. >> i completely disagr. if we never want to be involved in anybody's civil war, we would never ever back any insurgencies or try to counterinsurgencies and we'v done both of those. i think largely for pretty good reasons. the fact of the matter is no less thahan secretary ostate clinton and director of theia petraeus both believe that it's possible to arm the rebels and still achieve some outcome. i don't believe could be cisive now, because time is on the side of asd, and he clearly is on the move. and frankly, i believe this administration and others are paralyzed by the fear of adverse consequence. erefore, the situation's hopeless and th

plus, horizonl drilling but the oil and gas industry, you sa three mlion jobs by the end of the dade, ihink, is doable. t could even be more than that but there are jobs there all the way upm, you know, say, up from truck drive's a good job but you've got js, rough nk, truck drivers, y've got all kind of jobs all the way to the top. so the industry hasone, i think, a rherantastic job. melissa: absolutely. especially when you loo at @ages, we went and tried to break down what these people were making especially fol at home may be out of work from construction or oer fields ying to figure out what to do. according to the bls the average wage for all workers in the fracking industry is $51 an hour. that is the average. white-collar jobs li petroleum engineers can get 35 to $67 per hour. skilled and semiskilled workers, $20 and up. you're someone with so much experience down in texas in the field, seeing people out there. if you're an unemployed construction wker, can you make the traps significance? is it too late if you're an adult, can you retrain and find a job in the fracking andhale indus

>> yeah, i know, ihink it is troublg, some medal profiles they can put together, i wonder if convenientr the consumer will win out over privacy. neil: bingo. >> people have such short attention spans. neil: wha -- did you say what. i think he is dead on. the convenience of this, they op for, that how many corporate standals where -- scandals where the culprits we don in my e-mails,nd unt scandals they re sll e-mailing criminal stuff. >>ig brother, big sister, big daddy, in is riculous, it, it is un-american for the companies to hav our private information and they are making a profit. and sharing with the government. distinguishing between the government having this and the private cpanies having it, they are both bad. >> i think l has it right. nobody cares, i have to tell you, i have been -- >> i tnk they do. >> i think -- now you are right. >> they don't. neil: attendtn spans when they are, but when a size of magnitude of what is going to it troubles them. >> you know, first of a, you wouldn't see it in ter o the government, based o polls, tha might change, have yot seen all these ye

>> ihink the majooity are disturd that theovernment knows everythihing about the th kee all the recordshey're also, why c't this be connected to the irs? think of this overreach whether it is thers o reporters, ap reports or now this evidence that they spy on every single american to make us safe? people are startingo realize this. i mean -- melissa: you're son called for a class-actiti lawsuit against the deral govnment over this scandal. do you support that? is that a good idea? >> anything like thato cl attention to it. i'v noteen overly confide about the court system. i emphasize the fact that the most important thinghat the american people wake up and understand what libert is all about, what the constitution is abt. i they don't understand that, nothing will change it because he government is a reflection of education, wheer it is the cour, whether it is the presidency, the executive branc the congressial branch, they reflect the cliches and teachings they have had for one hundred years a unftunately it has under mined our system of liberty and the constitution as was told once wh

. >> ihink the budget goes up something like 40% since 2008? >> yes. >> tell about your experience in the military. tell the world what you did last >> oka spent 20 year and i retred in 2007. i get multiple deployments. my last deployment was in iraq in 2004 and2005. it was hitbout 160 times over the time that i was there. in addition to having no safe haven due to the mtars and rockets, we would go after insurgents trying to attk the base. so it was a verytough time and there were lot ofreally good people and i did my best to make everything happen that ma people safe. then i comback froiraq and come back to this quagmire of red tape and it eally is a disheartening siiuation. >> did you feel like you have support? gerri: were you expecting and at did you see? >> iefinitely had the support of my family. especially for someone with ptsd there was something ver seriously wrong with me. i think that the va, they are %-this point.d well enough at somehow and someway, we cannot keep throwing money at the problem in thinking that's gng to fix that. w

gerri: ihink people have lost eir minds on it. you thinabout this thing all the time.arket psychology, a lot of lines inhe sand people say things are crazy. somehow we decided a% mtgage rate, over that will kill the market, right? a yield onhe 1year treasury insanity. what dyou say about this psyclogy? >> i say the reason you have that kind of panic is tr telling an aoholic that there isn't going to be any alcohol available for four hours or six hours. in other words when you are drugged with free money and irrational interest rates at are artificiay low the idea of a pullback brings ality bck like wait a second, it has been a bubble. we havbeen addicted and dependent on government fixing th system and guess what, it getheir pulses up, th getle panick. they should. gerri: government standing behind the federal reserve ben bernanke keeping the maet afloat for four years. we have the transition n to mething else, how do we do that as individual investors? >> i think we as individual investors don't have a choice in the matter, we have to be dragged along and it depes on

limited inventory come of your optis r those people in need the fha loans but ihink credit is goi to be a head wind in this recery. so for people who e thinking about a new housi bubble, you have to loo at is a lot of the pric movement right now is peopople puku puttingash down has been in theame. we don't see t funny money. gerri: investors at the end of e day. want to ask y one question about the bull case which i think is an interesting point. so while the problems is there's not enough supply. we talk about inventoes of the time. yomean by that is there is not enough new housing being built. we need a ton more. is that going to help? >> we are o growing the housing stock in t coury. we haveill very little new hos over the past five years. they have been depress, competing against these foreclosures demand a lot of them to set u in building. now we have households. and peoe moving and of their parents' basement and you are seng demand for rentals and evenally for homes to buy. we just have not been adding to the stock. gerri: some prices in april of 12% yeaover-year. alysian a gai

i think he- if he is putting -- ihink he has put in opar the interest ofhe united statesnd t nationalecurity. thats wrong. some suggested suggested would be treasonous. necessarilywt to ta that step. but we need to ask questions. we need to ask about the materials and who has access to at. ho: what is you role as vice chaiof t caus? guest: i am elected as vice chairman of the caucus. it is one of the five elected positions within the house leadership. in the minority, it is the minorityeaderthe mirity whip thos spial assistant to the leader. nancy pelosistenhoyer of the democratic caucus and myself theice chair. weave meetings, sometimes two or three meetings, from a caucus perspective. it gives all the colleagues in the democratic caucus an opportunity to ask questio to leadership, and we hear from iniomakers. having the abou opportunity to hear from each otheand people to express themselves to the leadership of the use. host: do you er meet with the republican leadership as a group? thati have not had exrience yet. i thk fothe most part that is done. i do think that leader pelosi do