will cain, l.z.randerson, thanks so much for joining us this morning. >> thanks, carol. >>> judy garland's iconic dress from the wizard of oz has a brand-new owner. we'll tell you how much they paid to claim that piece of hollywood history. to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. something this delicious could only come from nature. now from the maker of splenda sweeteners, di

but i know l.z. you said nice things about huntsman in the past.re you surprised by hearing this now by what jim messina said? >> i wish he'd said it last year. it might have helped huntsman some then. look, i think huntsman is a principled leader, something that's very thoughtful. you know, he also -- he had a hard time distinguishing himself from the pack, but i think we are going to see a very good slew of candidates for the republican party in four years. >> l.z.? >> you know, you said it best. i've been a huge huntsman supporter since he announced his candidacy. i know for a fact that people within the obama administration as well as the campaign were legitimately fearful of huntsman early on. the fact that jon huntsman wasn't able to get a word in edgewise in talking about foreign policy though he was the only primary candidate that had any foreign policy experience told you how misguided the republican party was. now they're able to look back and hopefully have jon huntsman or someone like him be part of the conversation four years from now

so, l.z., i guess i just want your thoughts about that.republicans want in return for those tax hikes on the rich. >> well, i don't think there's been much of a secret. in fact, i've been in support of trying to have some sort of entitlement reform for the past couple years on air with cnn because let's face it that is where a lot of money is going. we need to figure out how to fix it. i don't think it needs to be in exchange for. i think the republicans need to be looking at it as the prudent thing to do. we should be allowing those taxes to expire on people making $250,000 or more because that's the moral thing to do. and we should be addressing medicare and medicaid because that is the moral thing to do. it shouldn't be a political move. it should be what's best for the country. >> ron, something else that eric cantor said. he said the white house has not put out a plan, has not talked seriously about what it might do about medicare and medicaid, and that's like -- that's not really very helpful in the negotiations. >> well, i have to s

l.z. a writer for espn. let's look at some numbers here.resident obama got more than 90% of the black vote. 70% of the asian and latino vote. also got a much smaller 39% of the overall white vote. if democrats can win the white house with less than 40% of the white vote. is the gop going to have to change its message and become more diverse. >> you said change its message. it's definitely going to have to become more diverse. change the message? that depends. if they are asking to change the ideology, no. the way they communicate the ideology, yes. before this election, there was a lot of conservatives saying mitt romney's actually going to win in a landslide. and they got it incredibly wrong. how? because the numbers you showed just a moment ago, they assumed the 2008 numbers were a historical collaboration. the first election was infused with such enthusiasm. that's no way that's matched in 2012. it was. how do you change? i don't know the answer to that. you have to admit there's one thing. barack obama is a fe nonal candidate. he's some

quote gifts, fallout led to verbal fireworks when i talked earlier with cnn contributors will cain and l.zhen you look at mitt romney's comments, first of all, you can say it's not very sportsmanlike. you just lost and now you're saying all the reasons that you lost -- >> drinking the hateraid, that's what it is. >> right, right. however, though, i say this as well, what mitt romney had to say wasn't inaccurate. it wasn't politically advantageous but the democratic party has been -- >> wait, wait, wait, wait. >> did you just say it wasn't inaccurate? >> it wasn't inaccurate? what are you talking about? >> first of all, i think your guys two reactions is just outstanding. just amazing. yes, i was saying that -- >> i think your lack of reaction is amazing. >> all right. i'm a little taken aback by the chorus of surprise. i really am. for both of you guys. yes his statement is accurate. the democratic party has been crafting policies that are tailor-made for various constituencies. whether or not that breaks you up by gender, age, ethnicity, absolutely those policies have been crafted to win

so i will let l.z. in. >> yes, stop filibustering. >> barack obama is a phenomenal candidate and a guy that people want to believe in, so days after a butt-whooping are a best time to have a self-evaluation moment. let some rationality set in. >> okay. all right. go ahead, lz. >> well, you know, i think that will talk ed a lot about what needs to happen. they need to go back to take a look at about how to get more diverse, but it is important to remember that diversity is not an external thing. we are so used to checking things like black people, and latinos and women, but it is diversity of thought. that is where will and i separate, because i do believe they need to change the message, and change the message, because it is not how they look but how they think, and how they think is why people did not run to romney and people went to president obama. yes, he is a phenomenal politician and great orator, but more importantly, he was a pretty good president the first term especially considering what he ha