and then the peopled pendulum swing.. >> will your grandkids be better off than you when they get to be your age? >> i don't think they will. i'm afraid that this country is going so far to the left that there is not going to be any swing back to the center are or even a little to the right. i'm afraid of what i'm seeing happening in health care.or even a little to the right. i'm afraid of what i'm seeing happening in health care.or even a little to the right. i'm afraid of what i'm seeing happening in health care.or even a little to the right. i'm afraid of what i'm seeing happening in health care.or even a little to the right. i'm afraid of what i'm seeing i'm afraid what's going on with the which i -- >> this is america. every generation has found a way out of it. every generation has complained about the past and done something special. think of the technology you have. think of the ability to reach out -- i can't believe this negativity. >> i actually think what's going on is that there is a lack of pride being esta

. >> are you concerned that we the pendulum swing back. talked to officials that are concerned that we are going to overcorrect this. even if it went a little bit far. why are we listening to chancellor merkel, that there a move to really constrain what the n.s.a. and agencies intelligence do and we could have something like, you know, i mean much of talks about how we went too far after the and all ofmission that. >> i haven't seen evidence of yet. sure, it can go too far. wet from what i have seen, are not anywhere near going too too even though we could go far. the pendulum could go too far n.s.a. metadata issue. a fascinating issue. the question so i won't take the time to give my views on it. i haven't seen the pendulum swing too far yet. back to afghanistan. the meeting with karzai. he said all of the things you said, talked to some u.s. officials, some off-the-record. we will talk about him as if he a little bit unstable. >> i don't think he is unstable. be in thes it like to room with him? >> he is a -- a very friendly bynversation

. >> are you concerned that we could see the pendulum swing back ? intelligence officials assume we will over correct this. there will be a move to really constrain what the nsa and our andlligence agencies do talksf the 9/11 report about it. quite sure, it can go too far. -- >> sure. we are not anywhere near going to far. the pendulum can go to far. the whole nsa metadata issue is hard and fast. give you my views on it but nonetheless, i have not seen the pendulum swing too far yet. >> i have spoken to some officials, some off the record -- >> i don't think he's unstable. very friendly conversations, first of all. he's very direct, some of the about us ande said our people. i don't understand politics, by the way. why is he saying things that make it either on likely, less less likely,ikely, what's the politics? i don't get it. on the politician. forsee they say things public consumption -- i'm the politician. i know it's rare. once in a great while the politician will say something for the public that they don't exactly believe themselves or would

we have had some much of this spirit of what point did we then see the pendulum swung the other way? does bring in that traders at the floor show and see if they see any signs of this on this veterans day. we will begin with you, mr. bidwill is, touch and go nervous, but not fighting too much. at what point do you say too much is involved now? it might get a little dangerous? >> i have not been willing to start long positions for a few weeks now. i still long-term believe that the market can continue to go to highs, but the stress that we have had brought 35 new highs in such a short amount of time, really, after 30 years in the business of these make cautious in the broad market, but, as you said, the pendulum of momentum, money flows into equities. there seems to be leaving the fixed-income market, parking itself in the money markets fund, but week after week we continue to see those flows into equity markets and a rather slow pace. stories in the "wall street journal" today, how the average investor is starting to a put a little bit more money to work, and that is what continues t

to see the pendulum swing back. >> randy zuckerberg sent six years working as a marketing executive for her younger brother, mark, at facebook. her achievement was producing president obama's town hall meet on the campus in 2011. in her new book, dot complicated, zuckerberg talks about ways to balance your digital careers and our analog lives. >> people value their unplugged time, their time without distractions and one-on-one time with other people. i think it was really having my own son, he's two and a half now, that changed my viewpoint on that. >> her son already knows how to navigate an i-phone and he's getting addicted to it. that's why she wrote a children's version of her book called dot. >> children model their behavior after us and if you are half in a conversation because you are texting or e-mailing or you are not giving your undivided time or you are looking at the phone at the dinner table, they will pick up on those cues even at a young age. >> wendy is now ceo of her own marketing firm, zuckerberg media. one thing she's learned from her little brother mark at facebo

to see the pendulum swing back. >> randy zuckerberg sent six years working for her younger brother,k. her achievement was producing president obama's town hall meet on the campus in 2011. in her new book zuckerberg talks about ways to balance your digital careers and our analog lives. >> people value their unplugged time, their time without distractions and one-on-one time with other people. i think it was really having my own son, he's two and a half now, that changed my viewpoint on that. >> her son already knows how to navigate an i-phone and he's getting addict today it. that's why she wrote a children's version of her book called dot. >> children model their behavior after us and if you are half in a conversation because you are texting or e-mailing or you are not giving your undivided time or look at the phone at the dinner table, they will pick up on those cues even at a young age. >> she's ceo of her own marketing firm, zuckerberg media. one thing she's learned from her little brother mark at facebook is to prioritize. for example, no matter how busy mark was, she would also

to see the pendulum swing back. >> randy zuckerberg sent six years working as a marketing executiveor her younger brother mark at facebook. her achievement was producing president obama's town hall meet on the campus in 2011. in her new book zuckerberg talks about ways to balance your digital careers and our analog lives. >> people value their unplugged time, their time without distractions and one-on-one time with other people. i think it was really having my own son, he's two and a half now, that changed my viewpoint on that. >> her son already knows how to navigate an i-phone and he's getting addicted to it. that's why she wrote a children's version of her book called dot. >> children model their behavior after us and if you are half in a conversation because you are texting or e-mailing or you are not giving your undivided time or you are looking at the phone at the dinner table, they will pick up on those cues even at a young age. >> she's ceo of her own marketing firm, zuckerberg media. one thing she's learned from her little brother mark at facebook is to prioritize. for exam

the school removed the pendulum sculpture after students kept riding it like miley cyrus.maging the cable. a fragile piece of art. they removed the sculpture which has been there since 1995. a four-foot-tall, $25,000 fence will be built to protect the popular piece of art. glad that sculpture's going to be okay. >>> lady gaga is set to host and perform this weekend on snl. if you're wondering what that will look like, take a look at this. >> i'm lady gaga and i'm the host and musical guest. >> we might flip things. >> upside down. >> okay. that's sideways. >> maybe we can turn it. >> uh-oh, wait, that's too far. now, that's too fast. i think i'm going to be sick. oh, well i actually feel way better. >> sometimes you just got to let it out. >> ooh. >> oh, kenan. >> we'll see how that turns out. finally jon stewart noticed something strange when covering the iran nuclear talk. >> the air is filled with excitement, the weight of history lying on this moment. long drama finally coming to fruition. what is [ bleep ]? decades of hostility in a conference room in a best western?

i think i'll go home now and watch the pit and the pendulum or the original halloween with jamie lee curtis. >> estimated that 158 million americans celebrated halloween this year. >> i'll see if the children didn't eat any candy. >>> bikini baristas. why some women are in trouble with the law. >>> a teenager found dead inside a gym mat. was it an accident or murder? the new evidence in the case. >>> and will the washington redskins change their name? the latest on the growing controversy as both sides meet. >>> a warm, wet, and windy start to friday. i'll have the complete forecast coming up next. and then when you get up -- can i play? no! you don't even get football. [ male announcer ] when you've got 100% fiber optic fios, you get it. america's fastest, most reliable internet. it's the ultimate for downloading, streaming, and chatting. you have that guy all over the football field. thanks, joe! if the running backs don't start picking up the blitz, the quarterback is going to have a long night. is that your sister? look, are you trying to take my job? maybe. [ male announcer ] th

mcguiness saying he feels helicoptering parenting is hurtful and believes safety pendulum has swung too far. >> report says california falling behind as a national leader in higher education. the study by committee for economic development says the percentage of californians earning college degrees is below national average. the report commissioned by lieutenant governor newsom calls for an overhaul of the cal state university system and community colleges this, also suggests california colleges make changes to increase diversity sxen rollment of low income students. >> speaking of college this saturday, applications for university of california schools are due. at some campuses chances of getting in may be better this year. sadly because number of high school graduates nationwide is shrinking meaning a smaller pool of apply kanlts. however, admission to selective schools will be competitive. 76% of the colleges and universities report actually being concerned about enrollment of enough freshman. just 10% don't have concerns. >> san francisco is restarting a program to help property own

i don't know if the pendulum will ever come to rest right in the middle. we're always dealing with a social movement, as it were, of which medicine is a part. some people believe that the ideof patient self-determination should be extended a step further: the step of saying the patient should not only be able to refuse treatment, but also demand one particular intervention which is the administration of a lethal substance that would in effect end the life-- be used not just to relieve pain, but to achieve a painless death, and i don't see it that way. we work with dying patients all the time, and sometimes we have to surrender to the process of nature that is carrying them off. but that doesn't mean that we have to betray them in that process. and i consider physician-assisted suicide to be a betrayal of patients rather than a support of patients, to the ultimate surrender to the realities of this illness. most of the pressure for active euthanasia or physician-assisted suicide comes from people-- and often in an anecdotal way-- who have experienced a deat

. >> as the pendulum swings to a more statist point of view where the government is in control, we are approaching a time of tyranny. world's -- sees this as the most securely entrenched democracy in history, is it really that bad? >> i see what our government is doing in the redistribution of islth that is is -- it exercising, as only perhaps semantically different than if i were to put a revolver at your had and tell you to give me -- med and tell you to give your wallet. >> there is an on broken line of continuity from gettysburg to dallas to our own age. a struggle between two americas, conservative america that seems to champion the sovereignty of the individual citizen against the state, and another america that seat -- claims to speak for progress and seems to harness the power of the state to impose it. it is an argument about what it means to be a true american. >> what it means to be a true american was the issue at gettysburg. embraced by the founding ideals, and who was excluded? americans remain divided about what it really means to be a new nation conceived in liberty. an

the pendulum will be going the other direction. we will start collecting all kinds of stuff, possibly without the safeguards that we have else in properly now. any additional thoughts? >> one additional thought, and i will borrow from criminal investigative authorities. timentext, it took a long to be able to have a good conversation about how to amend the statute to deal with location data. part of that challenge was there were not a lot of opinions by courts at various levels discussing how government thought under what authorities its ability was to collect data. nevertheless, after many opinions, analysis came out. there are five the court opinions that are declassified or someone eyes -- summarized. we have conversation with fax and legal analysis to have a dialogue. members can talk without disclosing classified information. and stakeholders can bring concerns based on what they have seen. it will take a little while, but that is one way forward. >> earlier, you mentioned in 702 providers ability to challenge the program, but

let me tell you, our system is such that when there's a problem, we shine a light on it, the pendulum swings too far, but we work with the rules. and those rules are going to take time for regulators to implement those rules, adapt them. we've got a poisonous political environment, right? normally you go up for technical corrections bills, you can't do that today. so it's going to take awhile to do it, but i think we'll get our arms around it and it will work, but we can't rely on regulation alone and that's why you need moral hazard and no institution can be too big to fail. that's why it's just essential that we end too big to fail. i think we've gone a long way to doing that. i think the biggest way to do it is making sure the biggest, most systemically important institutions have significant capital charges and that the regulators have the tools to make sure we don't prop them up in the current form and they fail. >> i guess that's a semioptimistic note in which to end, so thank you all, and thanks to hank and david for a really informative briefing. thank you. [ applause ] >>> we

let me tell you, our system is such that when there's a problem, we shine a light on it, the pendulum swings too far, but we work with the rules. and those rules are going to take time for regulators to implement those rules, adapt them. we've got a poisonous political environment, right? normally you go up for technical corrections bills, you can't do that today. so i

so i think now the pendulum is swinging back and there is certainly a huge generational divide in this country on this issue. and the republican party is not immune to it. but whenever i look at all of the grassroots activists i know and especially tea party activists who i know, no matter who they are, if they are under the age of 40 or if they are under the age of 30, they are generally supportive of the freedom to marry and of gay rights. i think this is a battle within the kraern republican party that will be over soon. it's a matter of when. it's no longer a question of if. >> tyler, you might be right because guerimmo says i will not be a part of a party who discriminates. fran sizsays i wouldn't vote for anyone who wouldn't respect my humanity. here is a facebook message. christie is not a true republican. he is a wolfe in sheep's clothing. republicans are still for natural common sense homosexuality. geoff, a listen jeff, a listen? >> i feel my as far as is moving into the right direction. however, i think that social issues are such a hurdle for the g.o.p. that it's stopping t

i'm going to try to make this then why let the pendulum will swing in the other direction and the combi all who are out in the most potent than even conceivably low season. they will sedate that they can come back to go be a very uneasy coalition if they did with it. i am. in the meantime in the shelter this is costing egypt and also a lot of cash money that the us to stop the run. but the proportion of its day in bed because of this alone is not going to last for the fig those distinctions these penalties. well the u s is customary that is significant to the fact is the gulf arabs who stepped up with very very last eight packages of cash and oil and gas though. other things the egyptians desperately need. the initial time in egypt does not have one of the room. that was in twenty oh two the government has been replaced by this new for me says that the stress of disintegration. this law into civil war the money's going over the phone the danger is quite a lot of these goals are. that is to stay on the road the trouble is that in their countries given the money to lease the only conditio

too little to support the lifestyle of all the money continues to pour the regular daily life the pendulum believe you not with the rising price of products that money also can knock him out what's more most of china's elderly people may want to pen to paper the large medical expenses. the crazy high fees for medical care really put too much pressure on the elderly people the situation to behavioral area. the tongue easily apologies to people who are all areas of the paintings from his trip to kenya when it becomes years old. only about the need for you at about twelve dollars per month. i'm looking at twenty one us dollars. the money and far too little to support the life out of the general area. the mattress adjusted interest in the financial mess up enter for general area. but cannot kill the prompt early too many problems. the chinese gov't also tried many ways to improve the situation the product name out of the people of how that could choose the more the mccain torture and company. make it to the people i can return to port their daily life. it had departed the operator purse after

we will see a million people back on the streets again calling for change so we just and then the pendulum will swing in the other direction and it could be the army who out in the muslim brotherhood pretty even conceivably seems just unbelievable today that they could come back and think that would be a very easy coalition that if they did wouldn't you. may in the meantime in the short term this is costing egypt an awful lot of cash money the u.s. has stopped. quite a big proportion of it there because of this long is that going to last for do you think those restrictions these penalties. well you are. not is significant but the fact is the gulf arabs have stocked up with very very long packages of cash and oil and gas. or the other things the egyptians desperately need in the short time. does not have a financial problem and the financial problem the hanging over the policy government has been replaced by this new program which is the strength of disintegration kind of a slide into civil war. money is no longer the problem i mean the danger is that quite a lot of these go for foreign bac

possibility that hillary won't be able to do it hillary's going to be running for cover as she sees this pendulum swing and progressives get more and more involved with saying you know damn it we're tired of centrist politics we're tired of democrats acting like damn republicans and hillary you better not stand behind this so obama is the last chance they have they're going to put full tilt full speed behind this thing every way they can in the only thing that's going to stop it sam the only one's going to stop this is is tom is people like you and me and sam who i was talking about his radio show with me and and bobby kennedy and the people that are out in the media that is not mainstream media but the citizens media they're going to stop this this is where the anger this is where the real anger is going to come in thirty seconds pap there's absolute radio silence in the corporate media on this why oh they wanted list this is great for corporate media it sells more it sells more goods any time you sell more goods advertisers are happy and the guys on the fiftieth floor with that m.b.a. that coul

possibility that hillary won't be able to do it hillary's going to be running for cover as she sees this pendulum swing and progressive get more and more involved with saying you know damn it we're tired of centrist politics we're tired of democrats acting like they are republicans and hillary you better not stand behind this so obama is the last chance they have they're going to put full tilt full speed behind this thing every way they can in the only thing that's going to stop it sam the only one's going to stop this is is tom is people like you and me and sam who i was talking about his radio show with me and and bobby kennedy and the people that are out in the media that is not mainstream media but the citizens media they're going to stop this this is where the anger this is where the real anger is going to come in thirty seconds pat there's absolute radio silence in the corporate media on this why oh they wanted list this is great for corporate media it sells more it sells more goods any time you sell more goods advertisers are happy and the guys on the fiftieth floor with that m.b.a. that c

the pendulum swings back and forth. what happens when we lose control?facing the same sort of threat here? >> well, of course he is. i mean, 51 votes is still 51 votes and the problem here is that you get a midterm election coming and most elections, most contested elections, at least in the general election, get decided in the middle. the democrats have to hold on to their majority. in terms of legislation, you still got the republicans in control of congress, but one of my funniest moments since i heard somebody -- i think it might have on fox, interviewing a republican saying if you're so much against what the democrats have done, will you repeal it if you get control of the senate in the next midterm? and the republican senator was like, cat dancing a -- tap dancing a little bit. because you're right. it's exactly the problem. you don't like it except when you got power, you're going to keep it. you're going to change it? >> the shoe on the other foot. >> yeah. >> but now, i do wonder about how far they're going to extend this thing. right now it is

you could say that clock usually is a pendulum swinging back and forth, right?r vibrations in a crystal lattice, okay? in this particular case, the clock is regularly spaced flashes of light and one can keep track of time by counting up the flashes of light. so far so good? let's see what happens if we apply this to space travel. here's the earth, our cradle, gang. that's our cradle, the cradle of humankind. what do we do with cradles, by the way, even if they're comfortable? - we outgrow. - we outgrow them, that's right. and we see that starting to happen now, don't we? the spaceship's going out. we're talking about space platforms, okay? anyway, this is our cradle right here and here comes our rocket ship, same one, streaming by. and we're gonna say at this point, boom. both times are 12:00 noon. 12:00 on the ship, 12:00 on the earth and the ship continues. now, what the ship is gonna do? it's gonna take a one-hour trip out and it's gonna turn around very quickly. so quickly that the time is negligible in comparison to the hour trip. so ship is going out, turn

maybe we are on a pendulum swing and the americans got a couple of good punches in the face, and iraq and afghanistan. maybe we are groggy, and as soon as we get the smelling assaults and we'll be back punching and intervening. perhaps due to what is happening in the united states, maybe americans are starting to rethink the idea of american exceptionalism, the idea we know better about what is good for the world than the world itself knows. what do you see happening in the united states that is causing americans to rethink that? >> a lot is to do with the economic situation in the u.s. it's hard to throw up in front of a person who doesn't have a job and tell them, "you should focus on bombing syria." it's too surreal. a combination of the economic problems and the interventions, their setbacks, in the middle east and wider regions led americans to question the basic principles with which we have related to the outside world. >> stephen kinzer is the author of recently published book "the brothers: john foster dulles, allen dulles, and their secret world war." you can read more of hi

to critic saying he feels helicopering parenting is hurtful for kids and he believes that safety pendulum has swung too far. >> he has the fwrus prove it. new report is raising question about his a young waitress claim that she wasn't tipped because she is gay. 22-year-old dana morales post add photo of receipt on her facebook page early this month. it reads i'm sorry but i can not tip because i do not agree with what your with your lifestyle and how you live your life. that post we reported at the time went viral. morales claimed a member of a family wrote that message at the new jersey restaurant where she works but today new report shows receipt 18 dollar tip on the bill and they provided the credit card statement to back that up. there you see it. here are the 2 receipts side by side. the restaurant owners say they are investigating what that waitress claims. >> coming up next on 7 news at 9:00. comet close encounter with the sun. burn up or so for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all

one this party has been on for the last 10 or 11 months and they are concerned that perhaps the pendulumas begun to swing back in the party toward the middle. that's a big change. that's what this week's probably about, chris. >> i think as you pointed out, keep in mind. chris christie is a conservative. i mean, you know, the rand paul comment, yeah. we like having moderates in the party. he's a conservative. you go through whatever litmus box the party has, you check them off. chris christie's there. >> well, you know what? you take what you can get on that side. you know what? i remember he didn't build that tunnel to new york which i thought was narrow thinking. thank you michael steele and michael duffy. congratulations on the cover. >>> up next, you know rand paul has a plagiarism problem when the late night comics are on his case. this is "hardball," the place for politics. >>> we thought well, to celebrate his landslide re-election, let's take a look back at chris christie's first term in office. here you go. hope you enjoy it. ♪ i don't know much ♪ but i know i love you ♪ and tha

that period ended when the pendulum of trying to swing back and forth between the inner afghanistan and the outer worlds just started to swing so fast and so far that it finally crashed and the country sitcoms to a coup by a small communist group which then quickly was followed by the soviet invasion. i would contend that from that day to this, we are still in the aftermath of the aftereffects of the soviet invasion. the soviet invasion pretty much destroyed the fabric of the country. you know, the 6 million refugees that were driven out of the country, the destruction of the villages, the tearing apart of the tribal structures and the creation of a state of war in which you know the old traditional afghan systems for generating leadership gave way to a new system which was in that state of chaos if you had a gun than you were good with that you are probably going to end up being an important guy. so that's brought into being all whole class of afghan leaders who are commanders and now they call them warlords and that's entered the fray. when the soviets left, those guys all started wri

well, honestly, the statesmen on the left are thinking some day this pendulum could swing and it couldy screw up the statesmanship of the united states senate but of course the republicans are taking care of that. i'll have more to say about this later in the broadcast tonight. we are talking about the filibuster rules that are changing. i wish we'd done it sooner on a legislative level because i think we'd probably have universal health care by now. stick around. a lot more coming up. i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to hel

protect privacy and kivel liberties together because the history of intelligence over time is a pendulum swinging over -- why didn't you do more to protect us and what? but we're swinging towards the latter side of it and it's going to swing back. there's one model that would say the way to achieve these sbothe by putting very strict limbalations on what the intelligence community can scloket you -- and say you never get to look that the information. there's another model which i think we have applied so far which is allow the intelligence community a broader look at the expectations and then appropriate oversight to ensure they comply with those. neither system is perfect and neither is a way of acquiring information nor protecting privacy but i think those are the two competing models that we have to balance in terms of what the proper way to go forward is. >> thank you. marc? >> i'm just going to close with a big picture comment and also express real gratitude and respect for bob and your role because it's a whole different world to be responsible for outcomes and i do understand that

a pendulum doesn't stop at the bottom.real problem is i think the stock market is going to get expensive before the bond market is ever cheap. i think one of the many bad things the federal reserve is doing here is it's going to eventually end up building a stock market bubble. i don't think we're in bubble territory. balance, diversified. take a look at international stocks which are cheaper but i think people should still be positive in equities, relative to fixed income and cash. >> okay. >> we're -- >> jump in michael. >> we are seeing economic support. we are seeing some expanding numbers. we are seeing good retail numbers all of a sudden. we saw good numbers from macy last week, good numbers from home depot and lowe's. the economic data are not great, but they're not bad. and they're moving up. and when i talk about those dividend stocks, i'm thinking about my johnson & johnsons, procter & gamble. you take a look at the cvs' of the world but i don't think you go flooding into the banking stocks. i don't think you go

but i think the pendulum is starting to swing back and evidence of that is the group of 14 senators thatut together-- seven republicans, six democrats and an independent-- to work together on a plan to pave the way to the end of the shutdown impasse. that's a pretty large number of senators working together and ultimately agreeing on a six-point plan and that gives me hope that the center will come back. in addition, i think the center is where most people of this country are and they just need to make their voices heard. >> woodruff: very quick answer: do you think electing more women would make the party more moderate? >> i do. i also think women tend to be more collaborative even though we span the ideological speck flupl the senate. >> woodruff: senator susan collins of maine, we thank you very much. >> thank you. >> ifill: now, a look at the surprising roots of our modern global foreign policy. hari sreenivasan has that. >> in his new book "lincoln and the world, the making of a statesman and the dawn of american power" kevin peraino explores the side of the 16th president that we h

now the pendulum has swung and tough to be a democrat right this minute. are policy questions. and these are moral questions. they're not merely political questions. and, yeah, they've got to get techie. they're getting techie. they've got to be scrupulously honest with the american people about what the problems are. and they have got to hang tough. >> well, i'm looking forward to just a couple weeks before the midterms next year. because i think the number that's going to be on the board is going to be well into the millions. >> i think so too. >> i think that what are the conservatives have to say about this number? do they want to take health care away from this many millions of people who i believe are going to sign up for obama care? the stories are going to multiply. when neighbors find out what their other neighbor is getting, better coverage, less deductible, and a lower cost, you know, we're consumers. americans are consumers. we want a good deal and you're going to get it with obama care. some rates for some people, obviously, are going to go up

and so when you have a situation where a pendulum swings back and forth, right now it is swinging towardssibly excessive restrictiveness. at some point in time it may swing back. but for the short term, i don't see that type of problem emerging. >> ifill: when jamie dimon first went to the department of justice and started to negotiate that, he came to the table and said "how about $3 billion?" and they said "i don't think so." did he lose in the end? >> well, first of all this penalty defined in settlement costs are being ultimately borne by the shareholders of j.p. morgan chase. so i think we have to realize they're the ones that are ultimately paying for this. and, you know, they are going to be suffering some because of this. but the important thing is they get the problem behind them, they can move on and i think that's very important for j.p. morgan chase. >> ifill: lynn stout, could the government have gotten more? could it have held out for more than $14 billion? >> oh, you know, possibly in theory. but this is a real breakthrough on the part of the government. we haven't seen any

a great service in the end because you remember we were talking about earlier the fact that the pendulum swung away from the adoration of kennedy in this country in the mid-1960s and in a way she did it with the best of motives but by suggesting that metaphor of camelot, she was really setting him up for the later revisions. >> rose: you were going to say intelligent judgment matter but it's judgment. >> it's judgment we judge presidents on. again, because it's a reactive job and the question is what do you do? often the subject is not thought about. >> that raises the question for me is do you have to be -- where does judgment come from and is it therefore an argument far lot of experience? because you could argue that -- >> well, it's harry truman and barack obama. harry truman governed by instinct with a deep knowledge of history that people really didn't know he had and barack obama, who i certainly like, tries to do it by intellect, by analysis, by what's logical. and politics is not logical. >> and charlie i once asked david mccullough, how do you judge who's going to be a good pre

>> i think there's a very good chance that the pendulum will swing the other way. if you go back to 1953, every time one party's had the white house for two terms-- with only one exception-- that's reagan, every time -- >> rose: changed parties. >>s toed out on its rear end. >> and people thought bush was an extension of reagan. >> a grateful nation gave him one more term. >> rose: because we have been talking about these kinds of things, one last question, we're looking back at 50 years after the assassination of j.f.k. where do you put him? because he had some of the conservatives values in foreign policy that you reflect. he made two brilliant speeches on civil rights and american university, about america's role in the world. >> he-- he-- he inspired the country. , as i said earlier. we do these things because they're hard, not because they're easy. i think that was the greatest achievement to, make us do something we wouldn't have ordinarily done. look, kennedy confidence a president of great promise. >> rose: promise. >> and the tragedy is we will never know.

but perhaps the pendulum has swung too far in the opposite direction in terms of dodd/frank that's coming. smart banks will look to cut costs as they have. wells fargo. jpmorgan cutting in terms of mortgage workers. bank of america another 3,000 next year. the banks are finding ways to remain profitable in terms of those large financials at this stage. >> we'll leave it there. we want to check out retail, everybody. thank you so much for joining us. gap earnings are out. courtney reagan with the numbers. >> gap reporting the results for the third quarter. it looks like the earnings per share beat the street's expectations by about a penny at 72 cents per share. revenue in line with expectations at 3.98 billion. we already got a glimpse into the same store sales number with the october number. for the quarter, same store sales up 1%. that marks the seventh consecutive quarter of same store sales growth. the company's ceo glen murphy saying he's pleased that they are maintaining the momentum of growing sales. that's pretty much the only commentary there. gap also reaffirming the guidance. i