john taft, and great grandson of howard taft.michael reagan, and another consultant, republican strategist, and great granddaughter of herb hoover. you must feel tingling on this day. you get together like a little club, isn't it? >> i was saying in the green room, it would be nice if the family members of first families that are living get together, have their own party at the white house for a charitable cause that they like instead of always listening to the fathers and whomever get together and do something good for the world. we had to live it or are living it as we speak. >> margaret, do you strut around today or everywhere you go in miami, do you strut around telling everyone you know that you're related to a president? is it a special day for you? >> no, it's a special day for all americans, piers, but look, it's pretty watered down by the time you get to fourth generation. we respect our heritage like all americans. we respect the presidency and the institution. but no, there's no strutting. although we all do take a mom

. >>> back now with my presidents day panel with john taft, michael reagan, and margaret hoover.hael, what do you think your father would have made of the paralysis in washington over the last couple years and what would he have done about it? >> you know, when he put together the tax break of 1981, he called tip o'neal in the white house and had dinner. tip o'neal went back the next day to his staff and said i'm going to support ronald reagan and carry the tax relief bill to the congress. he had 40 democrats in the congress to vote for my father, but he the to carry the water. when they asked to tip, what did the president promise you, what did he say? he didn't talk about taxes all night long. he talked about the greatness and goodness of people. before i know it, i'm having a glass of wine with the president and telling irish stories. you need to bring together the people in washington. the paralysis is everywhere. it's not just one party or the other party. it's everywhere. nobody is asking harry reid why he hasn't had a budget in four years. nobody is holding his feet to the

i hear what you're saying, john taft. rbc wealth management.ulars across the valley with what is not happening in washington. diversify your portfolio is basically what he is saying. get exposure toward the asset class but be smart of it. lori: stocks, stocks, is where the smart money is going. ashley: that's why i'm not in it. lori: they're all going to stocks. all right. although not today. stocks are selling off dramatically. people are snapping up bonds. we want to talk about health care. a trillion dollar a year business in this country. one writer says the industry is killing our economy. details next. ashley: as we head to the break. some of today's winners and losers on the s&p 500. there are winners out there. we'll be right back. that type of comment, that of commentary will be more voluntary to the market. we have sent these bacchant. >> reporter: can we talk about the market's overall. we have really set those size. to the people who want to just take that out and let it go. >> it does. and it kind of just shows how fragile markets

we are joined now by john taft. welcome to you. what are you advising your clients to do today with the pullback? >> i do not think that the advice has much to do with the pullback today. what we have been telling them is that they should get to their long-term asset allocation targets. we have been telling them that for a year. the market has moved substantially over the course of the last 15 months. we still, though, think that for investors who move in the wake of the financial crisis into assets that they think is safe, it makes sense to start gradually and carefully oversell playable. getting back to neutral. about 55% of the money in stocks, 40% bonds and 5% in cash. they are much more conservatively allocated bitmap. lori: what about people debating whether or not now is the right time to get into the market. we have this big milestone. then this big pullback today. some people will come on and say, well, buy in or hold out. what is your advice for people who may be a little gun shy right now. >> again, i would say for indiv

taft did with eisenhower when he was outraged that eisenhower stole the election from him. instead is he shouting on you to get off the lawn. >> largely, lindsey graham is convinced john mccainecause lindsey graham is getting possibly primaried, and they need to be defiant right-wingers. >> i'm a south carolina girl, and i know folks in south carolina aren't happy with linsey graham. they feel like he is a rhino. every once in a while redskinsy fwram has to prove his -- >> every lots in a while. >> he is drawing john mccain into this drama who, of course, has all these old grievances with hagel, but i do think going forward what does this mean for hagel? does he assume this position, like we think he will, and is he damaged? is this just the beginning of more fights that he is going to have with the senate? is this going to damage his -- >> there is a question about all of this. the obama fiction of the democratic party has been very good for the democratic party. the obamafiction of senate republicans has been bad for them and the republican party. whether it is chuck hagel or colin powell or bob gates, this is a president who has worked with republicans on major issues, se

ceo john mackey examines how the inherent good of business and capitalism can lead to a better world. sunday night on c-span two. find more book tv online. like us on facebook. >> first lady helen taft. >> i always had the satisfaction of knowing almost as much as he about the politics the politics and intricacies of any situation. any woman can discuss with her husband topics of national interest. i became familiar with more than politics. it involved real statesmanship. >> helen taft, whose husband was the only man to serve as president and supreme court chief justice. one of the women who served as first lady in c-span's new original series, "first ladies, influence and image." citizens, as we gather tonight, our nation is at war, our economy is in recession, and the civilized world faces unprecedented dangers. yet, the state of our unio and tonight, more than two centuries later, it's because of our people that our future is hopeful, our journey goes forward and brandon left for chile. endures. our destiny remains our choice. and tonight, more than two centuries later, it's because of our people that our future is hopeful, our journey goes forward a seven-minute rule. a little t

john kerry meets with the canadian foreign minister. then a military farewell for leon panetta. senator ben cardin talks to employees at the national institutes of health. >> first lady helen taft on discussing politics. >> i had always had the satisfaction of knowing almost as much he about the politics and intricacies of any situation. i think any woman can discuss with her husband topics of national interest. i became familiar with more than politics. >> helen taft, whose husband, william howard taft, was the only man to serve as president and supreme court justice. c-span is new original series, first ladies, image and influence. produced with the white house historical association, sees in one begins presidents' day, february 18, and 9:00 p.m. eastern and pacific on c-span, c-span radio, and c-span.org. >> former president bill clinton discussed the issues of jobs, immigration, health care, and gun-control. he is introduced by maryland congressman steny hoyer. >> i understand the next speaker does not need an introduction. but then i would not have anything to say. so you know -- thank you, thank you, thank you. for over 20 years, bill clinton has been a determined evangel