lou dobbs takes on barney frank's latest provocative comments. exhausted from doing that i'm handing it off to dobbs. and kelsey grammer will be here. play as politician on tv. what does he think of the real power brokers. we hope you stay tuned to those reports as the factor continues all across the >> shepard: personal story segment tonight, actor kelsey grammer won a golden globe award program boss on the stars network. season 2 begins tomorrow evening. and here is mr. grammer. researching this, a long way from the cheers bar, what did you learn about politicians? >> well, you know, it's funny the show itself is not really about politicians. it's about human behavior and a guy who wants to hang on to power. now, do i think it's possible this is something we would see in washington, d.c., for instance? yes, i do. are they as ruthless as i am probably not. i certainly hope not. >> bill: chicago politicians are for years. >> the author of the show calls it corrupt. >> bill: did you research daley and his father and all these guys to get an idea of

lou dobbs takes on barney frank's latest provocative comments. usted from doing that i'm handing it off to dobbs. and kelsey grammer will be here. play as politician on tv. what does he think of the real power brokers. we hope you stay tuned to those reports as the factor continues all across the u.s.a. and all around the world. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where ce

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lou dobbs is going to break that down for us. later, would you vote for an atheist if he or she were running for president? >> bill: more than 100 million americans are receiving some kind of welfare social security and welfare. that includes 36 pirsz of immigrant households. both legal and illegal. highest groups, mexicans, 57% are on welfare as opposed to immigrants from great britain just 6% of that group get payments from the feds. with us now to analyze is fox news anchor lou dobbs. crir citizen powers puts forth that a third the population desperately needs this government assistance. that's not the america that i see. but i guess i could be wrong. >> well, statistically she is right. and the fact of the matter is, the question is, in my opinion, why are they in such desperate need. >> bill: do you really feel those numbers aren't gamed up. beginned up by people who are just taking advantage of this. >> without question. >> bill: you have to break it into two categories. >> absolutely. >> bill: the people who really need it

lou dobbs is going to break that down for us. later, would you vote for an atheist if he or she were running for president? culture warriors will weigh in on that upcoming. well hello, welcome to hotels.com. summer road trip, huh? uhuh yep uch let's find you a room. at hotels.com, you'll always find the perfect hotel. because we only do hotels. wow. i like that. nice no. laugh... awe uch ooh, yeah hmm nice huh book it! oh boy call me... this summer, we're finding you the perfect place - plus giving you up to $100 at hotels.com for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. >> bill: more than 100 million americans are receiving some kind of welfare social security and welfare. that includes 36 pirsz of

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lou dobbs is going to break that down for us. later, would you vote for an atheist if he or she were running for president? it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. >> bill: more than 100 million americans are receiving some kind of welfare social security and welfare. that includes 36 pirsz of immigrant households. both legal and illegal. highest groups, mexicans, 57% are on welfare a

lou dobbs from the fox business network. president of assured guarantee said his company was going to be able to be fine even in the current environment. if there was a lot of defaults would it be like a domino effect in a a worst case scenario? >> if it reached co con tagion levels that would be a l calamity. >> how bad could a municipal bankruptcy be for the people who live there? worse than you c hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, yo

lou dobbs from the fox business network. president of assured guarantee said his company was gog to be able to be fine even in the current environment. if there was a lot of defaults would it be like a domino effect in a a worst case scenario? >> if it reached co con tagion levels that would be a l calamity. >> how bad could a municipal bankruptcy be for the people who live there? worse than you c >>> if your town had out of control debt could that truly affect your life? you wouldn't ask if you spent some time in stockton, california, like dan springer did. spend a night on the tough streets of stockton and you really sense the stakes for the city. >> do me a favor. just take your hands out of your pockets for me. >> and the people that live here. pretty much life and death. >> if the officers disappear the gang bangers will be here in a heart beat. >> since 2010 the city has had to slash a quarter of its police force because they borrowed more than it can pay and promised more to unions than it can deliver. police can't re

lou dobbs from the fox business network. president of assured guarantee said his company was going to be able to be fine even in the current environment. if there was a lot of defaults would it be like a domino effect in a a worst case scenario? >> if it reached co con tagion levels that would be a l calamity. >> how bad could a municipal bankruptcy be for the people who live there? worse than you c >>> if your town had out of control debt could that truly affect your life? you wouldn't ask if you spent some time in stockton, california, like dan springer did. spend a night on the tough streets of stockton and you really sense the stakes for the city. >> do me a favor. just take your hands out of your pockets for me. >> and the people that live here. pretty much life and death. >> if the officers disappear the gang bangers will be here in a heart beat. >> since 2010 the city has had to slash a quarter of its police force because they borrowed more than it can pay and promised more to unions than it can deliver. police can't

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lou dobbs is going to tell us why it's a con. and, next: barney frank, rod blagojevich get a taste of the know spin zone special series on strange factor moments continues. we hope you stay tuned. >> bill: in the impact segment tonight, we wrap up our series on the strangest moments in factor history. without a doubt. without the a doubt the wildest most controversial segment ever was with congressman barney frank when he came in here and tried to tell us that he had nothing to do with the bad stuff that happened at fannie mae and freddie mac. you still went out in july and said everything was great and off that a lot of people bought stock and lost everything they had. >> oh, no. >> bill: yes, oh yes. >> know said it was a good investment. >> bill: don't give us any of that we just heard the words. what are you -- you didn't say that? you want me to play it again for you? >> you didn't listen to it. >> bill: i listened to every word you said and i have the transcript right here. >> i said t wasn't a good investment. >> bill: yea

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lou dobbs is host of lou dobbs tonight on fox business channel and syndicated radio host at lou dobbs.com. good to see you. this won't be the first administration to drop something somewhat controversial on a friday afternoon. >> it's not the first time that this administration has done so as you well know. this is interesting, because this is a major change in policy. it is a change in policy that many say is well beyond the scope of the powers of the presidency to begin with. that is to basically, through fiat, overwhelm state laws that say that it is illegal for an illegal immigrant to possess a driver's license. across federal laws as well that say that it is a felony to commit identity theft and fraud, on the levels that, you know, many illegals are certainly choosing to do in coming to this country, and then trying to secure work. shannon: it's interesting because apparently there was a call with a top administration official about this. the daily caller reports that during that call they found out that you mentioned identity theft, this new policy wouldn't block somebody who was fo

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lou dobbs joins us, well we is the boss. weigh in whether a ceo or a career politician makes a better president. lori: the head of the fomc meeting minutes. let's look at 10-year and 30-year. ash, most people agree that europe driving the risk train these days. ashley: yes. lori: still interesting to look at rates ahead of the fed. 1.74%. people buying enough safe haven u.s. treasury notes. stocks selloff in the u.s. 30-year down as well. yield, 2.84%. back with more after this. [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >> i'm cheryl casone with your fox business brief. it is a sea of red on wall street as markets extend their losses for a seco

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lou dobbs is here.tiinteresti ng how we judge the candidate by how they spend their cash. >> we judge them by every possible standard. obama's created the expectation with his team he would be the $1 billion president with a juggernaut of fund-raising and overwhelm whoever the republican nominee would be. it is the inverse aside from paul ryan, but the aspect that the republicans legal, substantially by 50% with cash on hand. it is staggering 27 mitt romney has matured campaign and has been criticized but the president drops a gem and it is the perfect pretense to counter. is it the same tactic with the campaign dollars? >> that is what everyone has a suggested. about this will be inundated with mitt romney adds attacking. i said 50 percent more it is actually one-third more. 186 /1 hundred $27 million. it is a huge. the potential is overwhelming. if we see this level open up, romney was behind remember four months ago. then suddenly things changed. he has a decided advantage. we built this is the theme

lou dobbs is the host of lou dobbs tonight on the fox business network and a syndicated radio host.t is the truth? that is verifiable, that fact. did president obama actually strip out the work requirements for welfare recipient? >> he did something that follows a pattern that he set in place. every single fiat order that he has issued whether it be on illegal immigration, the d.r.e.a.m. act, whatever the subject may be, welfare, the temporary assistance program, he simply changes the law, the regulations, and the consequences of public policy. he's done precisely the same thing, megyn with this law. and why is it taking on such great import is because of tkaoet situation that governo decision that governor romney made and revealed to us on saturday morning. and that is because paul ryan who is at the forefront of interest hrebt all reform resolution in the republican party is now his running mate and that casts this effort to take away the work requirement from welfare reform, which is sort of an interesting way to say it. clinton to's welfare reform law -- megyn: clinton is the pr