joining us is michael burns.reat to see you. >> melissa, i wish i could see you, but nice to be here. >> your stock has obviously had a massive run. before we delve into what we can expect for 2013, i want to talk about the stock in 2012. up 89% so far this year and i want to bring to your attention, i know you know this note, goldman sachs' initiation of coverage. some of the points, i think really resonate. these are the concerns that investors might have with a stock with such a huge runup this year. yes, the summit acquisition was great. "hunger games" will generate cash flow. the stock is up. it's trading at a 10% premium. and 30% premium to other con glom rates. what do you say to investors? >> well, i saw that report, it was a neutral but it also had an $18 price target, i believe. so, what do i say? i mean, that report is the same thing investors on the street ask all the time, which is, what you have done for us lately? and, the short answer is, we think we're building another franchise. the summit acqui

concerned about among others things. >> eliot: emanating from the always quiet middle east, nicholas burns and michaelnk you for your time this evening. the absurd drama of the sow called fisca view want the great bargain for the holiday season? i got one for you and it's the number of the day. two for one. that's the deal the country gets from spending on infrastructure. this is not just some ginned up number from the lefty group interested in trying to make the government bigger. the federal reserve bank of san francisco looked at a classic kind of infrastructure project. road construction. it turns out for every dollar of federal highway grant that goes into a state, that state's annual economic output goes up by at least $2. that's much better return than the typical government spending. plus the payback goes even higher during an economic down turn. if you're looking (vo) as marijuana gains social and legal acceptance, a new pioneer is emerging from the backwoods. >> i'm basically like a farmer. instead of corn, you've got dope. (vo) but what is legal and what is criminal? >> this is, no matter w

concerned about among others things. >> eliot: emanating from the always quiet middle east, nicholas burns and michaelnlon. thank you for your time this evening. the absurd drama of the sow called fiscal cliff negotiations and the best investment out there. that's ahead on "viewpoint." as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >> he looked so fine i started to call him babe-raham lincoln. >> i was like, mary, please. >> you look like a baby, a literal child. i bought a pair online, shipped to 115 main st., that's my gettysburg address. i'm funny. i find them to be affordable frames, of the people, for the people, and, not, by the people, that's part of this freedom thing. end slavery, let people buy awesome sunglasses. who's behind those foster grants? abraham stinkin' lincoln. >> i came up with that slogan myself. view want the great bargain for the holiday s

. >> michael lost both arms and burned over 85% of his body.a roadside bomb he found out difficulties trying to get thinged staffed and stuff so. they decided to

. >> michael lost both arms and burned over 85% of his body.de bomb he found out difficulties trying to get thinged staffed and stuff so. they decided to build a

burning home alive. >> the detroit firefighter michael joyner is one of the first responders at the scene. >> we got a call to a dwelling fire. it was on helen street. which is on the east side of detroit. it appeared someone fire bombed the structure. >> from the outside it looks like the fire is raging out of control. it's contained to the front side of the house. but the two residents are so panicked, they may not realize it. >> when they threw the fire bomb, it broke out on the porch, it ignited and created a lot of flame, a lot of smoke. the porch was on fire, but it never extended into the dwelling. >> onlookers scream for the residents to wait to for the fire department, but they make a split second decision to jump. the man goes first. come on. >> he lands without major injury. seconds later, the woman tumbles out. >> oh! [ screaming ] >> she's not as lucky. she is taken to the hospital where she's treated for broken bones. it's critical to be prepared. have a plan. where you have a means of egress where your family can run and a family member doesn't run back into the dwelling and you're alre

current tv unbelieve correspond dent -- >> michael, we're going to find the video of frank laudenberg rush going a burningon't you worry. >> rushing? rushing? [ laughter ] >> all right. up next political birthplace of ronald reagan but lately a political burial ground for gop economics. shouldn't they at least be able to tie their shoes in the golden state without ♪ >> "the war room" is track the republican party's quest to rebrand. today they launched his growth and opportunity project to prevent it's 2012 failings from repeating in 2016. how can this gop fix the gop? they are looking for someone like this. yes, sr. a smooth-talking idealist who can take the country by the horns. but take a close look at that portrait. that's not president reagan it's california governor reagan. california might not be the party savior anymore. out here r might as well stand for "rust." only 15 will be republicans in the next congress. that's six fewer than two years ago. in sacramento where reagan cut its chops, for the first time in 150 years they don't have control of the houses. here to talk about it joe garofoli wel

current tv unbelieve correspond dent -- >> michael we're going to find the video of frank laudenberg rush going a burning people as well, so don't you worry. >> rushing? rushing? [ laughter ] >> all right. up next, political birthplace of ronald reagan, but lately a political burial ground for gop economics. shouldn't they at least be able to tie their shoes in the golden state without tripping over themselves? that story is next only on "the war room." honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ piano plays ] troy polamalu's going deeper. ♪ ♪ and so is head & shoulders deep clean. [ male announcer ] with 7 benefits it goes deep to remove grease, gunk and flakes. deep. like me. [ male announcer ] head & shoulders deep clean for men. ♪ ♪ rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. ♪ >> "the war room" is track the republican party's quest to rebrand. today they launched his growth and opportunity project t

michael po about that. he owns his own firm and says he would never borrow money just to give it away. john burnss all this is just one more sign the corporate tax environment is not working. michael, this is obviously a case of borrowing from peter to pay paul, which you call crazy, right? >> well, when the federal reserve takes interest rates to ridiculously low levels, people do dumb things. they borrow money to buy nasdaq stocks. they borrow money to flip houses. sometimes they borrow money, corporations do, just to send it out the back door. they don't use it to create capital goods or to raise the revenue and earnings. they just send it out the back door, and they leverage up their balance sheet. i want to put to you on notice that corporations vin creased their debt by over $1 trillion since december of 2007. horribly inefficient way to grow an economy. >> it's interesting you say that. i feel like one day we're going to back and say, remember whe could borrow at 3% to buy a house. if companies have to borrow the money to pay a dividend, why issue a dividend? >> well, i think we forgot who

burning big rig. what made the situation more dangerous? live update. >>> kid-friendly tablets. michaelnintelligible ] >>> overnight downed power lines spark big rig fire. it creates a dangerous situation in the east bay we are live on the scene -- [ inaudible ] >>> good morning 6 a.m. thanks for joining us i'm eric top mass. >>> and i'm kristen sze. we don't have the storm but you -- won't believe those temperatures we'll see today. [ inaudible ] >>> first above average temperatures what we'll have now when you step out especially around the bay, 50s and near 60 oakland,0s

michael chiapperini. before shooting himself, and at his side, a rambling note. >> i need to see how much of a neighborhood i can burn down. and do what i like best, killing people. >> reporter: his intent to kill is clear, though his motive is still a mystery. but we do know spengler had a violent past. the 62-year-old served 17 years for killing his grandmother with a hammer. because spengler was a felon, he shouldn't have been able to possess weapons in the first place. two firefighters are in the hospital in stable condition. fortunately, both of them are expected to make full recovery. >> thank you for that, linsey. >>> we're going to turn to paula faris, in with the other top developing stories this morning. paula? >> good morning to you. the president is enjoying time away from the white house. but president obama is cutting short his christmas vacation. he is leaving hawaii tonight, so that he can be back in washington when congress reconvenes tomorrow. and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increa

burn his neighborhood down and kill as many people as possible before stopping. as far as motive all kinds of speculation and truthfully we do not. >> funerals for michael chiapperini and tomasz kaczowka are held today. joseph hofstetter and jason scardino are recovering from surgery. >>> the moderator of "meet the dress" was interviewing nra vice president wayne lapierre when he brought out something that caught the attention of d.c. police. >> here is a magazine for ammunition that carries 30 bullets. isn't it possible if we got rid of these, if we replaced them and said you could only have a magazine that carries five or ten bullets, isn't it just possible we could reduce the carnage in a situation like newtown? >> i don't believe that's going to make one difference. >> it's not known whether that magazine was an authentic clip or just a prop. possessing a large capacity magazine is illegal in the district of columbia. police are investigating. nbc not commenting. >>> guess what it's boxing in the uk, canada and several other country and shoppers are mobbing the stores. these are the crowds in london. the 26th of december is like black friday here in the united

union under president michael langford delivering brighter services and a brighter future find out more at uwua.net. viewpoint on current tv 8:00 p.m. with eliot spitzer. this man burnsat both ends. he is willing to join us at least once a week he does every wednesday morning to comment on the issues of the day. hey, elliott, good morning. >> good morning. burn it too much except one week i forgot to call in. other than that, we do okay. >> you are not that far from washington, but i am interested -- >> emotionally we are very far away. >> okay. i am interested even with the benefit of 500 miles how does this for the prospects for a deal on fiscal cliff look from your perspective? >> you know -- >> do you think it's going to happen. >> short answer is i don't know because i see two trends simultaneously. one, you hear voices in either party saying, hey, it wouldn't be so bad if we go over the cliff. some of the hysteria attendant to the whole notion of the cliff is being -- dissipating. on the other hand, if you look at the numbers, they are not that far apartment. you know, honestly, it's not as though we are dealing with major tectonic plates moving in separate drk