lou: to from? billionaire. >> all the city -- lou: tell us, why in the world is the national news media and the local media in new york city, this is a cosmopolitan city, the most sophisticated. it is amazing. and acting like the most provincial place of the earth in which to permit the selling of a public office like the mayor's office. >> at sigalert of new yorkers who love we have a good gun control laws in the state and feel fairly safe. i don't know if this is an issue >> it's very different than it is. lou: local community. >> people feel safe here. >> they voted your friend as the greatest where the city ever had and he cracked down on guns big time. lou: here when you and i were talking with him. >> correct. lou: he went after crux. >> and he went after the bad guys. and it also -- this is an assault. you know what, this is an assault by this marian this little town on a great and vast nation in which she is trying to buy the constitution. let's not get it. by the way, this isn't some falli

they want to stay away, lou. from the 14th amendment, which is the proposition being pushed by the lawyers for gay people and, it says, you know, they are american citizens and have constitutional rights and those rights should be protected equally with every other person, who has had constitutional rights. and that means they would be allowed to marry. >> and i agree with juan, becae think they are being very narrow on the decision and the quote that stood out for me was kennedy's today, normally seen as the make or break vote and shannon talked about it in her package, and he is leaning to throwing it back to the states and what that would mean, is the state court decision would stand and prop 8 would be out. only in applying to california, though. very narrow, just applying to that one state. >> applying to that one state, we'll wait and see. another day of arguments, obviously, tomorrow. we'll get further guidance, doma being taken up, as well. so, most of the same arguments, attend there. i want to turn to t

lou: wow.l, the obama administration reigniting an old controversy over trials of terrorists and enemy combatants in military tribunals, guantanamo bay and trying terrorists in federal courthouses on american soil. this after capturing an al-qaeda spokesman and the son-in-law of usama bin laden overseas and then bringing him to new york city to face trial. within steps of the 9/11 memorial. fox news correspondent doug mckelway has our report. >> reporter: the not guilty plea in federal court this morning to one count of conspiracy to kill americans sets the stage for a high profile terrorist trial just blocks from ground zero. it reignites intense republican criticism of the obama administration for trying terrorism suspects in civilian courts where miranda rights apply. >> if this man right next to usama bin laden involved in the attacks on our country on 9/11, don't you think it would be important that we not tell him that he has the right to remain silent? >> reporter: ayotte along with sena

lou: a glimmer of hope. polls on his approval and disapproval numbers they have actually wayne been gone down since the election significantly. maybe, maybe somebody is listening out there. maybe america is listening. it makes no sense. lou: we have just learned that mayor michael bloomberg was sitting at his media team in place st waiting for a tragedy such as newtown, conn. to occur. did. he was ready. the very first place you went when that media plan was put in action was to the john gamba and show. we will be back to finout how that happened and what happened and what about the second amendment. [ male announcer ] what?! investors could lose tens of thousands of dollars in hidden fees on tir 401(k)s?! go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. none of them charge annual fees and all of them offer low cost investments. e-trade. less for us. morfor you. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infil

. ♪ lou: good evening, everybody.he fbi has announced an investigation into possible chinese espionage carried out within the walls of nasa. a chinese national arrested saturday by u.s. soil with a 01-white plane ticket to china in possession of potentially highly classified military secrets and space technology. nasa contractor was apprehended at dulles airport carrying several data storage devices including hard drives, flash strives to and computers that investigators say contained highly sensitive information. under investigation tonight for a substantive violation of the arms export control act. congressman frank wolf of virginia chairs the house appropriations subcommittee that is responsible for the funding of nasa. congressman will holding a press conference today to inform the public of the security breach. >> i'm particularly concerned that this information may pertain to the source code for high-technology imaging technology that he had been working on with nasa. this information could have significant appl

lou: you don't want any background checks? >> no, lou.irst of all, it's a god given right, where in the second amendment where it says -- lou: eric, i got to take the leave. it's got to be a quick last word, okay? >> well, the point is what -- where is the room for infringement? we wouldn't tolerate that with the first amendment. lou: eric, i have to leave you asking a question. i appreciate you being here to provide the few answers to the few questions i got your way. thanks a lot. thank you very much. much more on the gun control debate, the assault on the second amendment throughout the broadcast. the billionaire mayor's spending on the first amendment to limit the second amendment. lavish spending on left wing ideas by america's oligarchs in tonight's "chalk talk," and cypress has a deal. how long it lasts? who knows. ubs senior economist will tell us next. ♪ lou: well, we're going to be talking about the economy in these markets with senior economist from ubs, drew mattis. take a quick look at the action on wall street today after hi

lou: thank you congressman. mr. chairman. >> thank you, lou. >> up next. the tsa, well a $50 million purchase just days before announcing an extremely controversial carry on rule change. and what happened to the sequester? that is next ♪music plays thank you orville and wilbur... ...amelia... neil and buzz: for proving there's nowhere we can't go. but, at some point... giant leaps gave way to baby steps... and with all due respect, you're history. if you taught us anything, it's that you can't cling to the past... if you want to create the future. that's why, instead of looking behind... delta is looking beyond. pushing u.s. aviation to new heights. all 80 thousand of us. busy investing billions in the industry's boldest moves. it's biggest advans in technology bringing our passengers the best, the most spacious fleet in the sky. and earning more awards than any other airline... to show for it. so rather than simply saluting history... we're out there making it. some brokerage firms are. but way too many aren't. why? because selling their funds makes them

lou: what do you think?i attack. >> i saw a president who is ready to join, anything to show he was pro-israel. taking their shoes, throwing it at our president. let me tell you something, we have seen this play out before. i would rather have it when jimmy carter. they hated one another. we finally get peace in the middle east. for going to have to in the. there is no doubt about it. lou: a very big player. we're talking about the president, his focal point today in the midst of all of this is syria. nineteen months ago he said basically he's gone. nineteen months later he's not, and now he is talking about, this could be a game changer. >> the allegation is there is speculation that possibly chemical weapons had been used of the last couple of days. that is yet to be verified immobile when you talk about 19 months ago this president and the secretary of state at the time kept using the phrase he has lost legitimacy. once again, he has lost legitimacy. what is interesting is that there is a moslem brotherho

lou: thank you congressman. mr. chairman. >> thank you, lou. >> up next.sa, well a $50 million purchase just days before announcing an extremely controversial carry on rule change. and what happened to the sequester? that is next. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. >> meet bill and melissa. like many, they built their financial house on stocks, bonds, and insurance... and then saw it blow away with the first winds of economic change. when mary lost her husband, she invested in real estate. but when the housing bubble burst... so did her financial future. robert and rachel discovered the security, safety,

lou: or himself?hat by mind it was an amazing press conference, the opposite of the no drama obama it is without off protest too much. lou: i believe it is a profound moment and turning point* to say note to obamacare, as a political strategy with the urgent demand, the clock running out, a regular order in congress throughout. thoughts? >> this is a situation he created that it would be so disturbing nobody would take him up on it but now they are he doesn't want anyone to know he created it. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every pur

lou: do you agree?n for president as a democrat, and he agreed with me th the defense budget is bloated as we know clinton treasury department rising over 50%. there are places to cut, sequester in its exception to my conception was meant to be ridiculous. lou: is fully ridiculous. >> something ridiculous come out of the federal government, you're kidding me. lou: he is usually right, this is the president's sequester. that is firmly established now, not a matter of debate any longer. where are we headed with this? an icon like bob woodward. in the second term of any two-term presidency, arrogance exceeds itself, we will find out by how much in just moments. by how much in just moments. we're coming right back. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% re flash. [ southern accent ] 50 percent more taters. that's where tots co

lou: a glimmer of hope.ls on his approval and disapproval numbers they have actually wayne been gone down since the election significantly. maybe, maybe somebody is listening out there. maybe america is listening. it makes no sense. lou: we have just learned that mayor michael bloomberg was sitting at his media team in place just waiting for a tragedy such as newtown, conn. to occur. did. he was ready. the very first place you went when that media plan was put into action was to the john gamba and show. we will be back to find out how that happened and what happened and what about the second amendment. back with the "a-team" in just r moment. ♪ plus a 50% annual bonus. and everne wants... ♪ 50% more doo wop ♪ 50% more buckarooooooooos ♪ 50% more yeeeaaahhhh!!!! ♪ 50% more yeah yeah [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ 50% more boogie ♪ what's in your wallet? c

lou: or himself?at by mind it was an amazing press conference, the opposite of the no drama obama it is without off protest too much. lou: i believe it is a profound moment and turning point* to say note to obamacare, as a political strategy with the urgent demand, the clock running out, a regular order in congress throughout. thoughts? >> this is a situation he created that it would be so disturbing nobody would take him up on it but now they are he doesn't want anyone to know he created it. to know he created it. with [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most co

lou: absolutely. the states of arizona has been upheld in the majority he had to defend state law before the supreme court. i want to bring the audience up to date that is not being reported. with a deferred order by president obama, only three states permit drivers licenses for illegal immigrants but as many as 40 states are now interpreting the deferred deportation order to confer that right day make moves to pass that into law as the executive order or a change as a result of the deportation order it is a startling trend or attention is not brought to either. now let's turn to the export -- expert witness what you make of this man? has he destroyed single-handedly whenever therwas for the defense? >> he tries to find any reasonable doubt and says there is a possibility there is a psychological disorder so they could find her not guilty of premeditated murders and he is there to get a juror to think maybe there is a psychological issue we cannot grasp, he is the expert and we should rely on him ceme

lou: trust?heard today, the president said one year away from having a nuclear capability. so we better start preparing for what could be attacked. what is even more bizarre is, you know, we could have had all this in motion. now we have to start a project that we stopped in 2009? is going to cost a lot of money to restart this. >>

lou: good evening, everybody. president obama will sign a directive that will execute the long dreaded but arrived sequester. president obama in the democratic party engaging in misrepresentation about the spending cuts for weeks. the obama administration has carried out a campaign of fear and blame it couldn't possibly be matched by the consequences of $44 billion in cuts to what is a $3.8 billion budget. all of that is now at an end and it appears so are the days of republican confusion and how to deal with president obama and his politics of fear and urgent demands. the days of obama drama appear to be at an end. how speaker john boehner and mitch mcconnell seem to have finally figured out things. the republican leaders unveiled a new perspective on how to deal with a divided capital and are now insisting that those emergency negotiations with the president on crucial issues and public policy choices we longer be negotiated in private meetings between the president and the republican leaders. instead, they are

lou: use a discipline.ng, my god, there is nothing approaching a fiscal discipline in this country except by the republicans, sufficient political power in this government to influence the have come. your thoughts? >> here is the key thing. discipline is not mean what people think it means. discipline does not mean austerity. discipline does not mean runaway stimulus either. so in the same way which been cheating is not good for you, this one is a long-term focus. and so my favorite example of what fiscal discipline really means is a simple story. go back to the ant and the grasshopper. when times are fleshy saves so that he has money when times a link. a great example of this. compare chile to the united states. in 2000 with a record budget surplus, $236 billion in 2001. what we do with it? we actually gave that surplus back so that when we needed the money we did not have it. the big surplus in 2008, and takes great pleasure from the population to spend that. this is money for rainy day. when the crisis i

lou: or himself?chat by mind it was an amazing press conference, e opposite of the no drama obama it is without off protest too much. lou: i believe it is a profound moment and turning point* to say note to obamacare, as a political strategy with the urgent demand, the clock running out, a regular order in congress throughout. thoughts? >> this is a situation he created that it would be so disturbing nobody would take him up on it but now they are he doesn't want anyone to know he created it. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with in

lou: good evening, everybody. president obama and his administration spent weeks scaring th the american public r at least trying to do so about the dire effects of the sequestered. a white house idea the president promised would never happen while trying to get reelected. sequestration went into effect last friday in the white house is now pushing back as much of those predictions as they can. here is president obama last friday lecturing the white house press corps about the alleged real-life consequences of failure to reach a compromise on the sequestered. >> starting tomorrow, everybody here, all the folks cleaning the floors at the capitol now that congress has left, somebody will be vacuuming and cleaning those floors, throwing out the garbage, they will have less pay. the janitors, security guards, they just got a pay cut and they have to figure out how to manage it. that is real. lou: that's real, you say, mr. president. real? here's what the "washington post" says. that statement is not real, it is false.

lou: or himself?is and chat by mind it was an amazing press conference, the opposite of the no drama obama it is without off protest too much. lou: i believe it is a profound moment and turning point* to say note to obamacare, as a political strategy with the urgent demand, the clock running out, a regular order in congress throughout. thoughts? >> this is a situation he created that it would be so disturbing nobody would take him up on it but now they are he doesn't want anyone to know he created it. with lou: bob woodward talks about the threats of the warehouse and frankly it is getting toasted on this one. and today the president's appearance before an uncharacteristically challenging the press corps a new dynamic has begun is it because the end henry started over the weekend? >> i think the republicans are digging in their heels and he is not used to that. they usually cave he said we gave you the tax hikes we're here to talk about spending and standing firm and he is getting defensive. that is n

lou: wait a minute.ys bragging about the fact that we are exporting more petroleum products than we ever had, bragging about the fact that we can be energy independence by 2020. we can balance our imports with our domestic production. the next two or three years. so where are the lower prices? we will be the benefit to the consumer? >> the benefit to the consumer is right now coal produces about as much electricity in this country as does shale gas. shale gas is much cheaper. so one of the reasons that there has not been a shock and one of the reasons why the 1% withholding increase has not destroyed consumers is that the shale gas that has been bringing down electric. it. lou: is starting to see some trade-off. gasoline is down $0.11 per gallon of the last month alone which will start to have, if it continues, real impact. give us your judgment. paying attention with such perfect pitch. >> a lot of people got short. have not yet covered. with cypress is two tenths of 1% even if it goes down it will go z

lou: legal fans. >> and not a fan. lou: you're not a fan? >> says his autograph go up in value? the legal profession? >> a first-year law student could try the case in my opinion. lou: i have to say that the defense has been at the very least, can we call them dogged if not effective. let's go very quickly to oscar, a south african court giving this man accused of murdering his girlfriend, letting them just -- his own recognizance, your is your passport and it's a wrap. with that happen? >> we were discussing this. the reality is that that is the key point. the average murder defendant is not getting the right. have been doing this a long time and very open, very stringent. travel restrictive, surrender your passport. having said that, i will throw the argument in wch is obviously bail is separate from gaylord -- guilt or innocence and it is just a matter whether he will show up of people saying he is not a risk of flight. lou: a case, you now have the defendant of attemptedurder. , the lead deteive is charged with murder. so is the dependence brother. this is not get more confo

lou: thanks.s us how the misunderstood president should be consulted, if you will for our current fiscal mess. the author joins us. ♪ aw this is tragic man, investors just like you could lose tens of thousands of dollars on their 401(k) to hidden fees. thankfully e-trade has low cost investments and no hidden fees. but, you know, if you're still bentn blowing this fat stack of cash, there's a couple of ways you could do it. ♪ ♪ or just go to e-trade and save it. boom. ♪ ♪ lou: joining us now, i'm delighted to say, the author of this fantastic knew book, coolidge. director of the 4 percent growth program that the bush institute. we have only had it on the best-seller list for four weeks. congratulations. >> thank you. lou: let's start with white coolidge, for crying out loud. obviously the right judgment and the right book. the right author, but why? >> well, tonight you were talking about how presidents can cut budgets. coolidge was a president to cut the budget. he looked at his record in the pre

lou: you bet. >> well, -- lou: of getting the smaller the big one?ere is no way to pick the top of the bottom perfectly. what you have to do is we for the correction in the new have maybe they are to. that is the opportunity if you get in at. but the thing to keep in mind is that it won't happen without some sort of catalyst. we have got improving employment picture. as you mentioned, we have got still low interest rates and really no sign that the fed is going to take their foot off the throttle. we have got, you know, all sorts of economic reports. the housing market is huge. it has created this enormous psychological wealth effect, even if the people who own homes cannot get that money out of those houses like they did in the past, it makes them feel better that they are in a dwelling that has lost money for five years and now of a sudden storm to gain valu some of the ear reports we have seen at the beginning of this year show that even though income has stabilized and in some cases even gone down, spending has gone up and we saw that in the reta

lou: do you agree?g into a war where we have 3000 american forces right near the border and is not a good idea. i would like -- i wish we could roll back the clock and i were said north korea did not have nuclear weapons, but i think right now i would be concentrating on trying to prevent them from getting a missile that can a man as. lou: what about a conict with syria, a conflict with the iranians? do you feel as opposed to those conflicts one with the three. >> system i do. i just think that it is dangerous if you don't know how this play ends. lou: we do know how one in this. for 22 years our air force has been in a combat setting from the persian gulf on to right now . we have exhausted men and material and equipment to the point that our leaders have to find a mate seems to me, pause and stop this nonsense and start talking firmly and with a great fix on a narrow focus on our national interest. what do you think? >> number three is an ill tempered toddler that loses his temper a lot. the problem i

lou: or himself?s and chat by mind it was an amazing press conference, the opposite of the no drama obama it is without off protest too much. lou: i believe it is a profound moment and turning point* to say note to obamacare, as a political strategy with the urgent demand, the clock running out, a regular order in congress throughout. thoughts? >> this is a situation he created that it would be so disturbing nobody would take him up on it but now they are he doesn't want anyone to know he created it. with friday night, buddy. you argonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. ♪ [ male an

lou: it has already gone south.wo straight days of records in the dow jones industrials as a result of a sequester. the president has just been slapped in the face by the american people lose support sequester. they don't despise sequester, nor did they feared. absolute abject failure on the part of this president. perhaps the first of his now two terms as president. >> i think he was really expect here representative -- expecting republicans to take the blame for this. and these issues are pulled it is their public is that a blind alleys public opinion. this issue it did not happen. he is stuck on trying to figure out where his team and his marketing when wrong and now he needs to up 1/4 this gestured as a really do care about partisanship. it is a pr stunt, but it is a way for him to say if this does not work out it is still their fault. lou: he will do that no matter what. we will be back with "a-team" to explain the further audacity that occurs in spurts here in washington d.c. we'll be right back. stay with us.