>> a final word, jim bianco. do you think quantitative easing if there's more of it will help the economy at this point? >> only if you're a stockholder. it's helped the stock market. it moves it around. wall street loves it because it give us a lot of volatility. if you're the 50% that are not a stockholder, as you mentioned at the top, we've had $3 trillion of it over four years. i know bernanke says it's created 2 million jobs. i'm sure the obama administration disagrees because that means they created none. i think it hasn't helped much in the way of job creation. it depends on which chair you sit in. >> thanks very much. it's going to be a big week next week. >>> ahead, a report of a heated exchange between the united states and israel other iran. behind closed doors. how tense was the conversation? well, the man inside the room "outfront" next. plus, the threat of a teacher's strike could shut down america's third biggest school system. do their demands add up? and worldwide alert about a rare and deadly vi

jim bianco, president of bianco research. bob pisani, rick santelli. i'm going to start off with you, barbara. i'm a little confused. looking down, the fed is upgrading its growth outlook but now fewer members are seeing rate hikes. can we square that? i can't. >> i think you can because the fed's action today was very effective at diminishing some of the risks that have been in the markets. unemployment has been stubbornly high in the u.s. concerns out of europe and the fiscal cliff have been somewhat of a drag to economic growth. the statement today he truly tries to diminish some those tail risks. >> from the stock perspective, has this actually changed the outlook in the next 6 to 12 months for the stock market? does it make it any better? >> it hasn't changed our view. we put a tactical overweight on to equities in early june of this year because we felt as though some of the tail risks were indeed starting to diminish. i think that the fed's action today is telling you that they're very aware that the economic recovery is -- has been slow and has

morning already in the morning and gentlemen i am pained here were resulting weapons and you know jim bianco when you don't really know he still black i want to go back to ruthie ruthie do you think that netanyahu alienates american jews. absolutely not i don't think. it's american jews i would like to say however that this so-called israel lobby that so pronounced is exactly something i will put that it's i'll put obama in the white house so you should be thrilled that the israel lobby the jews vote really never got two thousand and one and i mean i'm thinking marching orders from tel aviv in zero eight. and i want to get them registered as for agents so that we can have a better policy for the middle east apac those horrible work in terms of transferring unwarranted amounts of aid and weapons to israel and it's completely anti-democratic again what they can't win a bill such as the trade bill they steal information from their opponents and use it against them it's one of the most anti-democratic and dangerous forces in american and it's actually the other way around it's actually the other

. >> thanks very much to jim bianco. barney frank is in a feud with the log cabin republicans.tion that backs lbgt rights. frank is openly gay and he is married now and recently criticized the group for its support of the gop. so here's what frank originally said and why he stands by what was a very controversial comment. >> i now understand why they call themselves the log cabin republicans, their role model is uncle tom. >> we reached out to them. they were very upset by that comparison you made to uncle tom. they said your denial of log cabin republicans success particularly on don't-ask, don't-tell is surprising. it is time for him to pass on the baton to leaders better suited to a world where equality is not an issue. >> they explained they are very pleased because mr. ryan, representative ryan is willing to engage with them and the republicans have not been calling us as many names. when you accept an inferior status for people who want to give you and inferior status but say that's okay, they won't call me names that's the spirit of uncle tom. >> log cabin republicans le