here they are the bulls and bears this week, gary b smith, tobin smith. jonas max ferris along matt mccall. matt. when we see unemployment coming down you say this move is threatening to send it back up? >> it is, because this move is helping the big business, the big unions right now which really are not creating jobs. we're coming out of the recession and seeing the small private companies creating jobs and entrepreneurs coming out and that's when we see it coming out of recession, this move, in my mind, putting these three people into the positions are only going to go back to union, big labor. and what's happened to this mess, brenda? >> take a look at gm. gm he we got in the mess because the unions do not work in this day and age and in my mind going back to where we were. >> brenda: okay, jonas is smirking. >> i thought we got into this mess because after housing bubble that was caused by the most unlabor-- the most onion labor force, which is bankers, et cetera. and the unions. >> brenda: okay. >> getting back to this. first of all, we did talk pre

the bulls and bears this week, gary b smith, tobin smith. is jonas max ferris, and christian, and amelia. toby, you say we need to do something right now to stave off the threat. what is it? >> read my lips, cut corporate taxes and every one of the republican candidates, agreed on one thing. cut corporate taxes and let's go to the history books. look at my old country. 15% went to a flat rate 15% versus the euro at 30, 35% and they grew their economy four times faster and their gdp kicked butt for 22, 23 years, we've seen it in every other country that's done this, astona, blah, blah, blah, it's time to do it now and get ahead of this thing. if we don't we will have job issues here because europe is going to be negative for the next six months. >> brenda: in fact, we have the second highest corporate tax rate in the world, second only to japan. christian, is that the way to go? >> look, if all you're interested in it increasing corporate profits, sure, cut the tax rates and if you're interested in creating jobs. >> brenda: let him talk. >> y

global went through london because they won't do it member the tobin tax is the big issue that david cameron has basically injected the u.k. from the european union now michael thomas said possibly an excess profits tax retroactive to two thousand and seven or some form of tobin tax on trans jackson's or wealth tax the air of money for nothing will be over that's what he says but it won't stop at taxes at all because the people the people who have been defrauded and the people who do not get justice because there is a queen there is a prince philip there is a ben bernanke he there is a mervyn king there are these people standing between you and your wealth they have they allow for the bankers to steal your wealth over and over and over and they will not ever do anything to stop it so there will be prosecutions and show trials says michael thomas there will be violence mark my words he says houses burnt property defaced i just hope that this time the mob targets the right people and wall street and washington how does a right thinking christian go about asking santa for mitch mcconnel

in indianapolis, mike tobin, fox news. >> bret: back to national politics now.ower of a new player on the stage. the super pac. organization with names you see in small letters in the upper left portion of the screen over toughest ads of the political campaign. chief washington correspondent jim angle tells us what they are and what a super-pac can do. >> supreme court decision two years ago changed the rules for money and campaign. >> if you have a super pac, you are a player. you can go from being nobody to somebody and it only takes a checkbook. >> super pacs raised $32 million so far this year. liberal groups were protesting the supreme court decision today and charging the steps of the court. analysts however, say the effect of that and other decisions have been overstated. spending money on groups likeirerr abclub, nra or other groups have been legal for a long time. supreme court decision allowed the unions and corporations to make unlimited contributions. to do one thing previously prohibited. >> the content of the advertising can have explosive messages

and a special thanks and recognition to tobin for overseeing the awards committee and to all the committee members for their time and hard work. out come the best part of all. we have been waiting for this fabulous reception in the greenroom, being catered by chefs and their restaurants to offer the best asian-pacific cuisine in the bay area. without this support, this event would not be such a success. at this time, please welcome them. great restaurants, although you are going to see for yourself. >> how is it going, everybody? who is hungry now? better yet, who wants free food? anyway, i just want to say, i'm from the san francisco street grid, and i'm speaking here representing all the chefs tonight. peter makes delicious dim sum. and thomas, with great singapore food. we just want to thank you so much for letting us be part of this awards show. and we are so proud to be here. after the show, please come upstairs, do the green room, and had a taste of all the delicious foods that are up here. i don't have a restaurant, but in a street food vendor. come visit me, and i will definitely t

>> bret: mike tobin live in madison. thank you., the race card in the republican presidential campaign. first, rewriting history. on the bush tax cuts. wake up! that's good morning, veggie style. hmmm. for half the calories plus veggie nutrition. could've had a v8. [ roger ] tell me you have good insurance. yup, i've got... [ kyle with voice of dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. [ kyle ] nope, i've got... [ kyle with voice of dennis ] ...the allstate value plan. it's their most affordable car insurance -- and you still get an allstate agent. i too have...[ roger with voice of dennis ]...allstate. [ roger ] same agent and everything. [ kyle ] it's like we're connected. no we're not. yeah, we are. no...we're not. ♪ the allstate value plan. dollar for dollar, nobody protects you like allstate. >> bret: in world headlines five more bodies pulled out of the crippled cruise ship today. audio has been released of the ship's captain being ordered by a coast guard commanderer to go back on board. to

>> bret: mike tobin live in madison. thank you.ll ahead, the race card in the republican presidential campaign. first, rewriting history. on the bush tax cuts >> bret: in world headlines five more bodies pulled out of the crippled cruise ship today. audio has been released of the ship's captain being ordered by a coast guard commanderer to go back on board. to super vise the evacuation. iran opec governor is warning the european union that an embargo of oil would be economic suicide. sust trying to get europe to go along with the ban on transaction for the central bank and putting pressure to reduce the iranian oil buy. senior israeli military official says a nuclear iran could make it tougher for his country to act against enemies close to home. iran says it will send the usa model of the american drone that went down but will not comply with the request to return the aircraft. some in washington are returning to the past. they explain how this factors in with the election year. >> president obama made clear one of the chief theme

mike tobin is live in chicago. nobody there can be too surprised about snow storm in january, mike. >> no, they can't. if you look around you see the scenes of a city functioning in the winter time the way the city leaders had planned for it to function when the first big snow came. in the worst of it came on the roadways. that's because all of this snow came in warm and wet and then it got cold. you had a lot of patches of ice out on the road. particularly around st. louis where the snow or the worst of the weather hit right around rain shower. that's where you -- rush hour. had you three cars piling up because of the storms in st. louis. one person killed here in chicago. we had all the flights shut down in the two big airports. flights back on schedule now. all the kids hoping to get a snow day didn't get one because the plows were working all night long. bad weather headed east in your direction and cold weather moved in behind it. >> shepard: folk also remember the one big snow storm last year where the plows

>> shepard: mike tobin live tonight. thank you.e signatures, history suggests that supporters of the recall in wisconsin could still face a very tough task. in fact, voters have successfully booted only two governors in u.s. history. the last time was 2003 in california when voters ousted the democrat gray davis. after actor turned politician arnold schwarzenegger replaced him. north dakota voters kicked out lynn frazier. agreed to return a top secret spy drone sort of. iranian state radio reports a company in iran will now send a toy model of the drone to the white house. not quite what the white house was looking for. you will recall the rq 170 stealth drone as it's named went down over iran in december. and the iranians showed it off on state tv. who know what is else they did with it. that company is going to send 1/80th scaled drone of the drone to the white house. the toy going on sale to children in iran. the price of american equivalent of $6. a factory fire reportedly killed at least one worker and the crews say they can i

out in the crowd, cheering ron paul was 18-year-old mary tobin who trusts that paul will reduce the deficit. at 18 years old, you're worried about the national debt? >> absolutely. i think it's going to impact me a lot more than it will impact a lot of the people who are making the laws right now. >> reporter: another high school senior, jack korb, likes that paul is a libertarian and antiwar. >> he believes in liberty, the noninterventionist foreign policy and i believe that's very important. >> reporter: this may seem unlikely, scott, but tonight young voters are a major part of ron paul's base. >> pelley: wyatt, thanks very much. latest polls show paul could come in second here and, of all the candidates, paul's proposals would be some of the most radical changes modern america has ever seen. we spoke with him today about how he would govern, and we started with how paul would have handled the financial crisis. >> the most important thing that should have been done is no bailouts. absolutely no bailouts. the worst thing that could have happened is what we did. >> pelley: there are many p

let's get to t the bulls and bears this week, gary b smith, tobin smith. jonas max ferris, along with ceo john tobacco and former dnc deputy finance director, david mercer, welcome to everybody. >> okay. john, a 15% flat tax for everyone, is that how to get everyone working again? >> i mean, i think that there's some sense in that. i think that americans should stand up and cheer for the presidential candidate who says i'm going to give you a big, fat flat tax. and give you the same tax rate basically, that mitt romney has. and people are villainizing mitt romney for paying 15% on the investment that he made in the past, but i think that americans should be looking for that and presidents from kennedy to reagan, to bill clinton, to george bush cut taxes and stimulation to employment and lowering of unemployment and one of these candidates should take hold of that. >> brenda: david, you say it doesn't necessarily bring jobs? >> well, it's a conceptual frame work and would be phil graham who ran for president or steve forbes and we know where they went and t

mike tobin thanks so much in chicago. arthel.live in the fox weather center. have you really been waiting for three months for this? >> reporter: woman on, this is like my super bowl, bring it, bring it. you know what, this time last year we were dealing with feet upon feet of snow. this is nothing compared to what we saw last year. we are still way below average in terms of snowfall across the great lakes and northeast. there is a storm. mike toerb bin i tobin is going, i've been in war zones, this is nothing. i have my hat on. in some cases two feet of snow. nor chicago's midway 6 inches. the temperatures are going to go up, the snow will melt. this will knock your socks off, guys, minneapolis this time last year, 48 inches of snow, and they've only received just over ten inches. chicago had 22 inches, just over six inches. really, this is nothing compared to what we saw this time last year. but it's cold as that system moves eastward bringing the temperatures down to the single digits and teens and with the windchill even cold

we had a little from mike tobin on the ground.ice is here to give us the big picture to expect for the weekend ahead. jd? >> you were talking about flight delays. i checked with laguardia and newark. we're seeing wind gusts up to 50 miles per hour across the northeast. that will cause a domino effect. make sure you will call ahead if you're dropping someone off or picking someone up. there is the storm over last 48 hours combining lows. one across the great lakes and another moved across the south moving towards the northeast. the big snowfall across the midwest and the great lakes, say west of erie and ontario is over with. we'll see lingering lake-effect snow for buffalo and cleveland really until saturday and then it will start to taper off a little bit. but cold behind it. temperatures are really chilly. i will show you that in just a second. certainly for the snow, six to 12 inches across erie and ontario next 12 to 24 hours. it is frigid. we have wind advisories right across the northeast where gusts up to 50 miles per hour

mike tobin in a frozen madison, this morning.ike, do they anticipate getting enough signatures for this recall petition? >> reporter: more than enough, bill. some 540,000 signatures are required to get governor scott walker on the ballot. if you want an estimate by weight. i heard an estimate about a ton of signatures will arrive here at government accountability board. somewhere upwards of 800,000 signatures just to get governor scott walker back on the ballot. that will allow for a lot of signatures to be invalidated and still have enough to force another election in gubernatorial race here. on top of that you have a lot of other republicans, lieutenant governor, rebecca clay fish and four republican state senators are operating under the idea enough signatures will be turned in, enough signatures will be val tated and they will be forced back on ballot, bill. bill: when will he have an opponent? when would wisconsin go to the polls to vote on this? >> reporter: you know, the statutes in terms of recall elections were never rea

mike tobin in indianapolis. bill: will be a great location for the big game.ndianapolis is well-trained for all of this stuff. experience they have there. >>> fire crews battling massive flames as the fires force thousands of people out of their homes. check that out. man, you do not want to get in the way of that with the wind blowing? live on the latest on this. also? martha: fiery situation. how did the frontrunner mitt romney fair last night as the jabs were coming at him? a fair and balanced debate on that next. >> if there is anything in there that would help us lose the election we should know it before the nomination. if there is nothing in there, if there is nothing in there why not release it? that is a very simple model. n 2? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. and hello to "whoa, yum." use campbell's cream of chicken soup to make easy enchiladas, cheesy chicken & rice, and other chicken dishes that are oh...so...whoa. campbell's. it's amazing what soup can do

. >> charlie: you c't think about the idea of going tobin laden inside another country. i'm not sure hat we you're a senate senator from illinois or when you're a senator you think about that that way. >> you can put together a group, i think what the president very consciously did of people whom he trust and he thought about it as a team. how will these people work together. and what's the quality of advice that they're going to give. and can i get a process which he demanded, right, that is a process of organize and respectful process to bring things forward. and the last piece of it is an inherent thin. i think you're right whichism observation, the president i now, you mentioned at the outset i'm president fo responsible foe president's daily briefing which is about 30 or 40 minutes vry morning where we bring the key intelligence and national security issues to him. i think i now led 530 mornings of thoe. >> charlie: man, i would love to be there. >> he is a natural executive. in my observation. >> charlie what is aatural executive. >> someone who can put together a