michael moore is with us. he is the oscar and emmy award winning documentary director films include "capitalism: a love story." he is an activist, best-selling author and good guest here on "larry king live." michael, thanks for joining us. >> thanks for having me on, wolf. happy birthday to you. >> thank you very much. all the web universe news. >> the whole world now knows. >> we've been celebrating all day. and if i am correct, you're just three years away from being able to take part in that socialized medicine that we have. >> let's hope that doesn't go forward. let's talk a little bit about this medicine and health care reform. >> talk about -- i'm talking about medicare. >> let's talk a little bit about what has now happened. history has happened, as you know. we spoke not that long ago. you didn't love this bill, to put it mildly. but you wanted everyone to vote for it. it is now about to become the law of the land with president obama's signature tomorrow morning. it will be the law of the land. what

and joining us now here in "the situation room," the film marek michael moore. you in person. >> good to see you in person. >> we've always done this remote via satellite but you're actually in "the situation room." >> it's so wrong for you and i to be remote. >> we're happy you're here. >> much better to do it this way. >> let's talk about health care. >> okay. >> issue number one, you're in washington right now, as much as you don't like this senate bill, which is going to be tweaked a little bit with these amendments, you want everyone to vote for it. why? >> well, yeah. yeah. could i give you a more reluctant yes than that one? >> give me your enthusiastic whatever you want? >> i can't give you any enthusiasm about this. this is not health care reform. the bill is a joke, but at this point, it's really just turned into this game between the republicans trying to do everything they can to stop president obama from doing some good for this one and frankly if this goes down, i don't know how the president will recover from that and i don't know what else we're

. >> somehow they never pie michael moore, which makes his sad because he likes buy.his new anger is different because it's directed at barack obama. you have a right to be angry. it's free and actually works. but we need to define why we are angry instead of letting weasels do it for us. we're angry not because we lost, but that we lost to losers. i'm not talking about obama. he won. i'm talking about progressivism. the winning is country in the history of the world embraced the losers doctrine. now we're choosing a belief system belonging to those whose asss we kicked. tell them anger is about race. >> greg-alogue. >> while i was doing my greg-alogue, i saw steam coming out of your eyeballs. >> the best country in the history? i'm sorry. >> two. >> you are the best country in the world. not because millions of people don't have health care, it's because of world were 2, complete he destroyed europe and the soviet union. i take issue. >> the think the cold war destroyed the soviet union. tucker, apparently she thinks it's a good idea we passed the bill. isn't it a li

michael moore may get on this one. >> i love buying put spreads for one reason. you can sell that down side put and you get paid fairly for that. and we're not trying to guard against some apocalyptic response. we just want a reasonable amount of protection, and mike's trade does that. in addition, there are other fundamental problems. you know, carter laid out the technical story really well, but there's a chinese company that has a generic roundup, and that's a big money maker for monsanto. i like this trade for a lot of reasons. >> let's break this trade down and show you why we talk about options strategy. time for "stocks versus options." and this gets really to the heart of managing risk, which is what we're all about here. if you're short monsanto, you face unlimited risk of betting wrong. but buying mike's put-spread risk, 150 bucks, and can more than triple your money by may. that's exactly what you thought about when you put together the strategy. >> well, obviously, the other thing is there's a broader issue. i mean, the market could pull back. will th

oscar-winning documentary filmmaker michael moore will be here.m broken bells. hope to see you back here tomorrow night. it's going to be a good show. [ cheers and applause ] i'm with rachael harris here. we were just talking about the groundlings. quickly, gosh -- who were you in class with? >> my teachers were karen maruyama, heather morgan, melanie graham. >> jimmy: i had michael mcdonald. one of the funniest guys ever. what made you get into? >> well, i has been doing really dramatic theater and a friend said, "i'm going to go see a show at the groundlings." and the first show i saw was will ferrell, chris kattan, cheri oteri and this -- just like a -- a blockbuster group of people. blockbuster, is that right? >> jimmy: no, people say that. >> okay, blockbuster. [ laughter ] "all right, i'm gonna go with it." you know what i mean. >> jimmy: let's bring it become. >> so, on stage is will ferrell, chris kattan, dressed as priests playing checkers and all of a sudden chris kattan says, "um, i'm just going to put on some music." he gets up, he put

. >>> we'll talk to michael moore about what's going on with washington. >>> you no doubt remember chastityrican daughter of sonny & cher. he's chaz bono. we'll talk to him about the difficult journey he's been on. >> try to imagine if you woke up tomorrow feeling exactly like you do, but your body was female. how would that feel to you? and that's, you know, basically how i felt, you know, from the time of puberty on. >> full interview and more at the top of the hour on "360." >> larry: we're back with our panel, dr. pinsky, is coming clean always a good idea? >> is coming clean always a good idea? you mean trying to get off drugs and alcohol? >> larry: talking about it. >> no, not for everybody. when you can harm yourself or your family or someone else you keep your mouth shut. >> larry: did it help you, tom? >> it did but i did it very carefully. if i cheated on someone in my past past, by cleansing my soul and telling them and hurting them again does no good. i write a letter, ask their forgiveness. i burn it. i tell someone else. i don't want to harm other people. >> larry: did it help

also a different perspective from the filmmaker michael moore, why he says reluctantly, vote yes for we'll all talk about spring break in mexico. how safe is it for american students? all that coming up right here in "the situation room." >> thank you, wolf. we'll see you here tomorrow as well. >>> it's a workout routine that sounds too good to be true. workout less and benefit more. it's true at least according to one new study. >> this is something i'm really personally interested in, a lot had of people saying they don't have enough time to exercise, i confess, i'm one of them as well. that excuse could be gone now. new research says if you can exercise less and still get just as fit. may sound a bit gimmicky but stay with me. the key is hit or high interval training. resear researchers found that 20 minutes of high interval sker sigs burns more calorie, builds more muscle than someone who jogs leisurely for an hour. here's why it works. exercise intensely for a minute, take a break for a minute. so on and so forth for 20 minutes. high intensity minute when is you're exercising, g

i think he's not a name you would think of with michael moore and sean penn, speaking out and angering some fire. he's producing a current project right now with hbo, it's called "the pacific." in an interview with "time" magazine he went on to say, back in world war ii we viewed the japanese as yellow, slant-eyed dogs that believed in different gods. he said, they were out to ki of ig. that sound aili chance to what's going on today? former defense secretary under president reagan went on to say, if he's suggesting we are acting out of racist motives it's preposterous. we're working at the request o the iraqi government, we're trying to put together some democracy. he's an actor and ought to go back to saving private ryan. it went on from there, he was on msnbc, where he basically said the same thing again, and of course bill o'reilly is taking swipes at him right now. >> he'll have some splainin' to do on that. hey, real quickly. chelsea clinton getting married to marc mezvinsky. and "the national enquirer" says she has a $10 million prenup if he cheats on her. you doemat-- but a re-

we have to unfortunately tom hanks and michael moore and all these anti-american, maybe march towardsocialism. we better get out there and vote republican if we want to keep this free country. guest: i do think the november elections for better or worse, the november elections are going to be a referendum on obama care. i think your also seeing that because of the state attorney general's challengeing the constitutionalty your now to the point, where every elected official. govern nor. congressman, senator. everyone is asked where they stand on this. i think american people will reject the massive stend spending and the taxes that will destroy the small businesses. and they're going to reject the idea that somebody other than themselves gets to decide what their health care will be. host: thursday saying to tea parties and republicans, go for it. guest: yeah, it struck me as a surprisingly partisan comment for a president that says he wants to move beyond that but i'll take his invitation and we will go forth. i think you are going to see at the poles a referendum that rejects this go

. >> michael moore called it the biggest giveaway for the -- actually that might be satisfying if we the hmos just really rally a lot and go up about 50% based on all the new members that they get. that would be in a perverse way sort of fitting with all the bashing of the insurance industry that we've had. if they actually end up flour being, that would just be perfect. are you changing any ratings today, barbara? >> no, we're not. i mean, one thing i would say is, our health care group at deutsche bank did a survey of the buy side, and basically found that 80% of investors expect that health care reform would pass in this form. and therefore theoretically are probably positioned for it anyway. i think this is pretty well baked in the cake in terms of stock prices. ironically some of the hardesest sectors like managed care may benefit just because, you know, the news is now out, and we no longer have this cloud of uncertainty hanging over the company. >> so what's your favorite stock now? >> so i think, you know, speaking for the health care group, i would say that, you know, the ho