Whats going to happen between now and march 1st . They say the house leader has promised them privately theyre not going to replace the sequester unless there are real cuts to replace the sequester, nothing else, tax reform, tinkering with the tax code, different kinds of cuts is not going to cut it because House Republicans have been promised the sequester is going to happen unless its a real solid replacement. I think thats the public move. Robert costa, thanks ever so much. Now lets talk some more about this. Dan mitchell is a senior fellow at the kato institute. The wall street journal put it very well, this isnt so much budget cutting as rolling back huge doubledigit increases from 2008. Thats all this is. Not just 2008. Government spending exploded during the bush years, obama added on top of that. Lets remember all the sequester does is shave off a little bit of the builtin growth of Government Spending. Over the next ten years, the budget, even with the sequester, will go from 3. 5 trillion to 5. 9 trillion. Were still going to get 2. 4 trillion more spending. Were just not going to get 2. 5 trillion more spending. I view the sequester as a very tiny step in the right direction. Jared, you look at some of these figure, if you include the emergency money more hurricane sandy, that just means weve had a 30 increase since 2008. Now under the socalled sequester, well have a 5 increase. Its not like were ripping the government to shreds. Look, the way this works is you get negative fiscal impulse when you do less then th year than you did last year. Lets go to the nonpartisan Congressional Budget Office. They told us on tuesday this year they expect the economy to grow 1. 4 . I dont think theres anybody listening to my voice on our Financial News network of cnbc who likes that number, 1. 4 . I suspect you dont like it either, larry. They said this fiscal contraction, including the sequester is cutting 1. 5 off gdp growth, the difference between 1. 4 and 2. 9 . Would you rather look at a 3. 3 gdp growth in year . I would. Thats whats upsetting people. The bigger question is, dan mitchell, do you buy the Congressional Budget Office numbers . Thats a conventional forecast. It may be a conventional forecast but it could also be wrong. Dan mitchell, i want your professional opinion. We spent our heads off for the still luck package in 2009. This is still the worst economic recovery in the postwar period. Dan, why not try limited government . Or let me put it a different way, slightly less spending, is that good or bad for the economy . The Congressional Budget Office is still wedded to the 1950s, 1960s style keynesian model. More Government Spending simply diverts resources from the product of sector of the economy. Its not a recipe for growth. If it was france would be prosperous and hong kong and singapore would be in permanent recession. We need Smaller Government and lower taxes and obama wants to go the other direction. Thats a big mistake. Larry, for reasons that i think are probably pretty good with a lot of money riding on them, people listen a lot more to the cbo. Thats a little unfair, jared. Everybody conventional forecast you dont have to be a keynesian. Look at Goldman Sachs, look at Goldman Sachs look at macroeconomic advisers. When you have this negative thats a great discussion. Come on. Goldman sachs and the Congressional Budget Office both predicted substantial increases in real gdp after that 2009 stimulus package. Dan mitchell, thats so odd about this. Yeah, the conventional wisdom can be wrong. Let me ask another silly question in the middle of this thing. Why is it that higher tax revenues will help the economy but lower spending wont . If you look at president obamas argument today, hes saying lets replace the sequester with higher tax revenues. Thats okay. But lower spending is not. I dont get that, dan. I think thats illogical, dan. In theory, if youre a keynesian, you should dislike higher taxes in the short run as much as you des like lislike lo spending. This is an issue of obama, he got a tax increase on january 1st. Now he wants another tax increased. This guy is an alcoholic for higher taxes and hes looking for any excuse to try to get republicans into that breyer patch and the big difference between this fight over the sequester and the fiscal cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. Now the republicans have the upper hand. If we do nothing, we finally slightly reduce the growth rate of federal spending. I know it gets jared and the keynesians all upset. It would be good for our economy. So far we have cut 1. 5 trillion of spending over ten years and raised about 600 billion in taxes. If cutting spending helped the economy, we ought to be doing better than were doing right now. Now, i think you guys have a point about the tax increases. It matters less when youre talking about raising taxes on people who are no income or liquidity constrained, folks at the top the scale. But i take your point. I dont think it makes sense, for example, to say lets not do these cuts, lets do those cuts. Im not the only one who thinks that. There a lot of republicans maybe bob costa, and you may be right. Including john mccain who said this morning this is going to cost a million jobs if we do the sequester. I happen to think thats a highest mat but its not just democrats. With all respect to john mccain, his record may be worse than the Cato Institute and mine. Spending was cut from 22 of gdp to 18 of gdp. Spending was cut a lot, those are big numbers and guess, what the economy boomed. Sometimes if you leave capital in private hand, you get a better economy. Larry, let me just say i got to get out of here. I am all for the government getting out of the way, its a matter of a hippocratic oath, do no harm. Did you say a hypocritical oath . Let me get this right. Hippocratical. Economic news was mixed but i think the bullish fundamentals still look good and i have a fair and balanced question for everybody out there. Can we call this the obama rally . Thats right. Im going to ask that question. Later on in the show, shes the woman a lot of democrats and republicans say would have made the best next a second. She joins us later this how to talk about why defense cuts are both necessary and feasible. Doesnt forget, folks, free market capitalism is always the best path to prosperity. Free market capitalism clause smaller, more limited government. Clients are always learning more to make their money do more. ann to help me plan my next move, i take scottrades free, inbranch seminars. Plus, their live webinars. I use daily market commentary to improve my strategy. And my local scottrade Office Guides my learning every step of the way. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Ranked highest in Customer Loyalty for brokerage and investment companies. Officewith an online package new colincluding domain name,y Website Builder with five pages and basic email just 49. 99 thats up to 76 percent below online providers and only at Officemax Stores [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. This is the pursuit of perfection. Lets start our look at the markets with the new just broke from the social media site linkedin. It really delivered a monster beat on earnings. Julia joins us with the details. Linkedin is really firing on all cylinders. The stock shot about 10 higher. Its now about 9 higher, this after revenue grew 81 over last year, up 12 cents per year in the year ago period. The company said mobile is having a huge impact with 27 members visiting the service through its mobile apps. Some changes the company has made to the linkedin pro vile and its new influencing program is really working with double number of members updating their profile from a year ago. The ceo says the Company Plans to raise prices on its tools for Human Resources professionals, but he said he wont see a big impact until next year. Its amazing how theyve grown their advertising revenues, they have the hr tools and premium membership. If i want to go on as a premium membership, have i to pony up. You can go on for free but then you can pony up for a premi premium membership. Linkedin has consistently delivered. Its beaten earnings expectations every single quarter since becoming an ipo. Since midnovember right after the election, i want to ask the question that 11 increase in the s p 500, i want to be fair and balanced. Ive gotten tweets about this and emails. Is this the obama stock market rally . The obama reelection stock market rally . I get tweets, emails. People say, kudlow, youre not being honest. Im going to do it. Go ahead. I think stocks are depressed, if you look at whats happened to the price earnings ratio, its gone down. Stocks are depressed, larry. But theyre up not adjusted for inflation. There is no inflation. Those cpi numbers a gimmick. They dont count price increase because the technology improved in a product, they dont incorporate health care in the cpi. Im looking under the drawer, im looking under the waste paper basket, i hear about this inflation. The price of goal has fallen 350. Abigail doolittle, fair and balanced, since the election basically the broad index has gone up 11 . Is it the obama rally . I do not think its the obama rally. I think its the extension of the federally. Weve had the Federal Reserve continue to support the risk assets and kmocommodities. It reflects the decision to replace operation twist you want to give him any credit at all . Earlier this week i spoke to the ceo of the dow company and ce disney. Disney has a pretty good sense of whats going on wts consumer, the sense of Consumer Confidence and in terms of advertising. He said that the last quarter they had to deal with the fiscal cliff, there was concern and uncertainty about the fiscal cliff, there was the hurricane and the uncertainty around the election. He feels now that we have all these things behind ushs t, the consumers are feeling a little more confident. Hes seeing a general shift toward optimism. So things played out and no one person is driving it. Is that what youre saying . Things just played out. There were a lot of factors creating a cloud of uncertainty in the past quarter and those have lifted. Bob ieger doesnt know economics. Consumers dont drive the economy. He was speaking about consumers and the role consumers play. If you dont have a job, it doesnt matter. Entrepreneurial spirit in this country is dead. Fixed Capital Investment is ete same level today so you dont give obama credit . Its all money printing. You have a spike in asset values ush dont have any Revenue Growth in the top corporations and Small Businesses are getting killed. I think private business deserves some credit, corporations, the back bone of the kmirks back bone of the stock market, profits are the mothers milk of stocks and they continue to outperform. They continue to outperform right now but something that a lot of investors or thats not given a lot of attention is that were in a secular bear market relative to valuation. If you look that the on a charted basis, peak valuation was up near 32 types the s p earnings estimate and right now its dropped to 14. I would suggest that could drop lower to 10. There has been this cloud of uncertainty lifted but what may loom in another month or two is whats going to happen around this payroll tax hike . Is that going to affect consumers . Gasoline, food. So i think that that one so youre a bear . Im near term a little bullish. We could see a little frothy action to the up side. You cant be a bear and bull. Im a longterm bear. I hope can i say a long term bull . Absolutely. It makes for a great discussion. A longterm bull. Some the things you mentioned and this bob ieger thing reminds me we have a lot of great corporations in this country and a lot of good ceos. They may not make the front pages the way some of the bad apples do but theyre pretty darn good. If we can get some kicker from small economy, i think they can run. I also think big business and middle business is doing better than we think. Consumers, theyre wealthier, the housing prices have at least stopped falling and theyre in the stock market. 50 of the households own stock. It is my job to talk to entrepreneurs and people who have created startups all the time. I do think there is a sense of optimism that the barriers to entry for startups have come down. Especially im thinking in the tech space, its maybe a little bit harder to get funding than it was two years ago but its easier to start a company, the tools are there, theyre cheaper. Anyone with a really good idea feels they can get their ideas out there. Just for fun, in the 90s, particularly the second half of the 90s, would you have called that the clinton bull market . Absolutely, for one big reason. Government spending was below 19 . I want that g out of there and the i up. In the 1980s you would have called that the reagan bull market . Absolutely. But i cant get you to say its the obama rally. What but . I think its the bernanke profit making businesses ceo lean and mean rally, maerks resilient private secretator, t heart of the free market economy is holding up better than i would have guessed and good for them. Thank you very much and michael, who likes some decades better than others. Now, folks, have you seen a Weather Forecast lately . Not good, massive snowstorm on the way for the northeast. Theyre talking about this being an historic event. We have the latest on that just ahead. Come on, nowadays lots of people go by themselves. No they dont. Hey son. Have fun tonight. Back against the wall aint nothin to me aint nothin to me [ crowd murmurs ] hey [ howls ] im 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. A huge snowstorm is going to hit the northeast tomorrow. How bad is it going to be . The weather channels jim cantore is live in boston for us tonight. Good evening, jim. What does it look like . Larry, its not often that i bring one of these with me when i come to do a weather report, but i got this one. So if this gives you an idea what were talking about, this is three feet of snow. There is a forecast for two to three feet of snow across a good part of massachusetts, Southern New Hampshire into maine, connecticut, even new york city now with blizzard warnings, expecting 12 to 18 inches there. This is going to be a blockbuster storm. The big question is can we get everybody off the roads in time . Thats what the desire is hout. The government says, look, i want all unnecessary vehicles off the road by noon tomorrow. So if we have a scene like you see behind me here, larry, where i93 is backlogged at this time tomorrow night, were going to have a disaster on our hands. That means some of these people are going to be spend being the night in their cars riding out the storm. 35 years ago the famous blizzard of 78 it was rush hour and people got trapped in their cars. If they are in their cars this time, the same thing will happen. History will repeat itself. We will also have Hurricane Force gusts along the coastline. Some of these areas that were weakened by sandy will be very, very vulnerable certainly to the storm surge and the wave action that will happen with this huge noreaster. We expect to measure this one with a yard stick, larry, two to three feet expected here in boston. Jim cantore, if its starting up in the boston area, how fast does it come south and west through connecticut into new york city and the metropolitan area here . Its going the other way around. Its going to start new york city will be tomorrow morning, connecticut will be about midday, then boston mid afternoon and then again everybody just needs to be off the roads. If we can get everybody off the roads by noon tomorrow through noon on saturday, were going to save a lot of people a lot of frustration because im telling you, when its start snowing at two to three inches an hour, the plows cant keep up. All it takes is one bus to slide off the road and its gridlock on the roadways. Running out of gas and spending the night in a cold car, its not fun. I never talked to anyone who said they wanted to do that again, spend the night in a cold car. Take care of yourself. Tonight we heard another dire warning from secretary of defense leon panetta about what would happen if the sequester cuts quick in. Next and protesters interrupted confirmation hearings five times before cia director john brennan even finished his opening statement. What were they angry about . Drones taking out american traitors overseas. Well talk about that in the next little bit with ann coulter. Step seven point two one two. Verify and lock. Command is locked. Five seconds. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. In this half hour, the controversial and incomparable ann coulter will join us to talk about a revealing day in washington, d. C. , Foreign Policy, the sad truth about benghazi. The cia director john brennan and his support for drone bombings to kill american traitors and we might get into waterboarding as well. First up the automatic sequester spending cuts set to kick in in three weeks. Outgoing secretary of defense leon pan et offered these dire warning today before congress. Take a listen. Frankly one of the greatest security risks we are now facing as a nation that, this budget uncertainty could prompt the most significant readiness military readiness crisis in more than a decade. All right. But there are ways to responsibly trim the pentagons budget and still protect National Security. Former defense undersecretary michelle flournoy, if identify got that right michelle flournoy, i beg your pardon, she penned an oped in the wall street journal this week. Joining us is aforementioned michele flournoy. Michelle, or undersecretary, which ever you prefer michelle, please. I thought your piece was terrific. Sequester or not, Defense Department is going to lose 10 of its budget and you think there are good ways to do it. Walk us through some of the key points. I do think the Defense Budget will come under pressure, even if we do get a deal. There are ways to reduce costs go after the defense enterprise rather than balance the budget on the back of the force. First cutting unnecessary overhead. The pentagon and d. O. D. Has grown by more than 100,000 civilians in the last decade. We can pare those back now that were coming out of a period of war. I thought your civilian argument was great. Weve been through these wars and youre saying you can take it right back down without losing any National Security. I think if youre careful in how do you it, you can reshape the force and come out in a leaner and more agile organization. What about another civilian, maybe its not civilian, you talk about reducing the cost of military health care. And i guess that includes things like copay. We have this problem throughout the government, michelle. Should it be done, can it be done in d. O. D. . I think it can be. D. O. D. Health care growing faster than civilian health care and other Government Health care programs. I think with more effective management you could end up taking cost out without reducing the quality of care. We obviously want to be fair about this but we are on an unsustainable trajectory and this is a really important benefit to make sure that we sustain and preserve for our military members and their families. Did this stuff come up when you were undersecretary . Did reformers like yourself ever have a chance to these issues . I was on more of the Foreign Policy side of the house in my tenure. But there are people in the house going after this. Ash carter has launched something called better buying power, which is an effort to do some acquisition reform. There have been some efforts. The problem is the department doesnt currently have the authority it needs from congress to really manage these issues, to shape the civilian work force, to cut unnecessary infrastructure, close bases and so forth to reshape the health care program. We need the support of congress to do this. Otherwise youre going to have to cut readiness, cut force structure and modernization in ways that could really undermine our security. Thats the stuff, the readiness stuff that we dont want to do. Absolutely. Thats the stuff where we have to be on alert for the benghazis of the world or who knows what. Its still a dangerous place out there. Youre not denying that . No, not at all. Were going to have a draw down coming out of afghanistan and iraq but the world is extremely volatile. We are still a global leader, we have interests around the world. We need a military that can project power rapidly, respond to crises, protect americans and our interests around the world and our allies. So readiness is the last thing you want to cut, not the first. So weve got civilian overhead. Weve got military health care copays or whatever. What about base closings . We had base closings in the 90s, thought it worked pretty well. Base closings would save a lot of money, wouldnt they . They do over time. Initially it costs some money to actually do the closures but over time they can save substantial sums. The military services have gotten smaller over the last period of years but they have not been allowed to close that excess infrastructure. So that excess bases, facilities, those are hanging like an albatross around their necks. Its drawing billions away from readiness on an ongoing basis. We need a Congressional Authority to go through another round of base realignment and closure. If im hearing you right, youre saying there are a number of budget moves we can make without damaging or certainly destroying our Real National security position. Absolutely. I havent heard this kind of discussion before. Everybody who read your oped said the same thing. Why cant calmer heads walk through what youre walking through . These are very politically contentious third rail kind of issues. These affect jobs in local constituencies, they affect changing culture within a big bureaucratic organization, they may effect some jobs in terms of the civilian workforce and so for forth. These are not unvecontroversial. When you compare to observe all the cuts on the back of the force and not really go after the defense enterprise itself, you really get into some very nasty answered think dangerous tradeoffs for National Security and we just cant go there. Does chuck hagel get this . Can he do the job in your opinion . Is he aware of these argue ents . I certainly believe so. I think he has talked about a bloated defense enterprise. I certainly hope he will take some of these issues on if he is confirmed. Once again just to conclude and we appreciate your time very, very much. We can protect our National Security as we must but at the same time we can slim down the Defense Department, we can make some cuts. Thats what youre saying . I believe thats what we can do if we take the cuts in the right place. Michelle flournoy, former undersecretary of defense under president obama, we appreciate it very much. Thank you. Now, folks, prepare yourself, america the mighty, ann coulter is about to join us. Theres a lot that happened today that well have to ask her about that include new revelations about benz and the controversial drone program. You dont want to miss this discussion. If loving you is wrong i dont wanna be right [ record scratch ] what . its not bad for you. It just tastes that way. [ female announcer ] honey nut cheerios cereal hearthealthy, whole grain oats. You cant go wrong loving it. Hearthealthy, whole grain oats. Did you just turn your ringer off so no one would interrupt and. Us . One. Oh no, i. Just used my geico app to get a tow truck. Its gonna be 30 minutes. Oh, so that means that we wont be stuck up here, for hours, with nothing to do. Oh i get it, you wanna pass the time, huh. holds up phone fruit ninja emergency roadside assistance. Just a click away with the geico mobile app. We dont let frequent heartburn come between us and what we love. So if youre one of them people who gets heartburn and then treats day after day. Block the acid with prilosec otc and dont get heartburn in the first place [ male announcer ] one pill each morning. 24 hours. Zero heartburn. Welcome back to the show. So conservative author and columnist and great friend ann coulter. Wants to talk about using drones to kill american traitors overseas. Where was barack obama the night of the benghazi ambush . Whats wrong with water boarding . Have you seen zero dark 30 . Ive seen it twice and loved it. Joining us is ann coulter. This guy brennan goes up and defends the drone program. If youre an american citizen and become traitor and become an enemy combatant, why shouldnt his head be blown off by a drone . Do you have a problem with that . No, i dont. But i dont have a problem with waterboarding. I think people who dont want nonamerican citizens who have been captured on the battlefield who dont want their heads dunked in water would be a little testier about this drone program. Its just amazing how the media covers these things. I mean, they would be screaming bloody murder if this were bush. Though, i guess im perfectly happy if obama is doing it. Im for it. Its a good thing. I want to give obama credit for this and give his cia credit for this. Brennan is right. So what if youre an american. If you do bad things and youre part of an imminent violent threat to america in sudan or wherever youre going to be, go ahead, take em out. The intel is probably right. This is a weird one. Conservatives are screaming about this, liberals are screaming about this. Only a few smart die hards like why is and i guess me are defending this. Why is that . Well, i havent been reviewing the conservative press on this but my guess is what theyre screaming about is what i was just mentioning. You know, the crickets that were hearing from the left when, you know, not giving the little darlings their favorite meals at guantanamo used to send the acl screaming torture. I think its more the double standard, not that the military and cia have come up with a way to kill terrorists without putting american lives at risk. I mean, its perfect. Mark, this is the odd part about the brennan story. I praise brennan for this drone thing and praise president obama for this drone thing. But the odd thing is how can you be in favor of drones bombing american traitors overseas and take this maamby pamby position that water boarding is a bad thing. Brennan supported water boarding a few years ago and hes backed off. Why is that . Hes certainly evolved. These arent very simple questions and the answers to them are very complex. Look, i know that ann is upset that there are crickets and ill interrupt those crickets with expressing what a lot of my friends on the left are concerned about. So, yes, while drones are in fact an effective and efficient way to prosecute the war on terror and are mighty success until in the short term, were spending 2. 5 billion in pakistan alone in Public Diplomacy efforts, trying to win hearts and minds of the pakistani citizens. This is one of the most antiamerican countries on the face of the earth. When we prosecutor a war using drone warfare, dont tell them about it for two years. This was very confident and is now becoming more public why do we have to tell pakistan . They dont deserve anything. They tried to hide Osama Bin Laden, they put the doctor away in prison, the guy who helped us out. Who cares about pakistan in this sense . They see the Collateral Damage when it occurs and were losing a little bit of credibility here. Its important because theres a Pakistani Company now that was reported in december thats developing drones themselves. So absolutely america is on the sort of cutting edge of this technology but were also setting the stage for the future of warfare in a way where im glad. Where hostile ski kcountr are ventually going to get this technology. You are not in favor of this, peter, why not . You go back and look at what president obama said, he filled out a survey on executive power. He now believes he apparently has power to kill american citizens without charges. At least he got it half right. He got it half right. Im with obama on this, i really am. Im with obama. Whether that makes me a con or a neocon or whatever it is, think think theyre wrong about waterboarding. But notice, answer, guantanamo is still open. I think obama has learned a thing or two. Yeah, i wish he would learn a few more things and that is to get actually, i think its marks concerns about winning the hearts and minds of pakistanis. I dont think id spend a lot of time and effort on that and, you know, this is part of the reason im enthusiastically supporting the siequester. I think theres plenty we can cut from the Defense Department, including this pointless, endless rebuilding of afghanistan. It was one thing to go in and take out al qaeda and the taliban. What on earth are we doing over there . Why do we care about the hearts or minds or building the schools . I mean, outside of Osama Bin Laden going to afghanistan and tricking the taliban into this spectacular attack on america, in general the muslims in afghanistan like the ones in indonesiaia have not exported terrorism. Thats been the specialty of other countries. They really just want to be left alone so why dont we just leave them alone, as long as theyre not plotting an attack on us, what is the point . Michelle flournoy just laid out calmly four or five great ways to reduce the pentagon budget, including getting out of afghanistan, taking the civilian population in the d. O. D. Down because were leaving afghanistan. I thought it was pretty good, ann. Somebody ought to listen to her. Yes, i agree. Im glad you brought up with her the base closings. This is why you seed Something Like a closure. The American People are of two find minds. They think government should be smaller, thinks government wants too. But the second you name a specific program thats going to be cut, theyre against it. It not that the pollations are twotiming liars and will never cut spending, the American People dont want to cut spending. Sequester, drone bombing, im having a good day. Benghazi, we learned some more things today from defense secretary leon panetta. Im kudlow, well be right back. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. Come on, nowadays lots of people go by themselves. No they dont. Hey son. Have fun tonight. Back against the wall aint nothin to me aint nothin to me [ crowd murmurs ] hey [ howls ] Barrow Island has got rare kangaroos. Chevron has been developing energy here for decades. We need to protect their environment. We have a strict quarantine system to protect the integrity of the environment. Forty years on, its still a classa nature reserve. Its our job to look after them. Its my job to look after it. Were back with ann coulter, mark hanna and peter suderman. Obama awl on night of benghazi attack. They had a 5 00 p. M. Meeting, nobody heard from the president after the 5 00 p. M. Meeting. The whole benghazi business lasted at least seven hours. Now it turns out in other news reports today that there was no Hillary Clinton from the state department, which is her jurisdiction. Panetta didnt talk to the president , panetta didnt talk to Hillary Clinton. I dont know who he talked to. All i know is nobody saved the four people, we didnt see any american force. Whats up with that . And its long after the president ial election has run. I mean, you really wonder if democrats would win any elections if we had an honest media in this country. This is really getting to be a problem. The media is becoming a threat to democracy. The things that they went crazy over when bush was president , remember that video at the white house correspondents dinner, we found weapons of mass destruction in iraq but they were not the stockpiles of weapons of mass destruction, they had video of the dog looking for weapons of mass destruction under the white house furniture. It was a silly little furniture and you would think someone died. Well, here in this case under obama, four people did die and this is coming out five months after it happened, four months after the election . What is with our media . The media may be culpable but i want to go back to panettass sorry. They had a 5 00 p. M. Meeting in the white house but benghazi went on all night long, at least seven hours. Point noumber one. Point number two, nothing from the president and his defense secretary, this is a crisis with lives at stake . Nothing with the secretary of state . At least the ambassador was part of her operation. I dont know where the cia was. In other words, it was sort of like panetta alone, which doesnt strike me as a very responsible way to handle a crisis. Whos on first, whats on second over there . Ann. Oh, sorry. I thought id had my say. No, i agree, this is a major story. Americans were dying. On a few news outlets you would hear about this before the election, that there was time to get helicopters there, to get fighter planes there, to have saved some of these americans and we get the cock and bull story about some American Made video ramping up a spontaneous demonstration and now we find out the president of the United States and secretary of state were awol. Mark, doesnt this embarrass you . Maybe this is why leon panetta is getting the heck out. Maybe he doesnt want to work with people that he didnt work with during an emergency like this. Larry, the first thing people need to remember is that this was predominantly an attack on america, not necessarily a coverup by america. Yes, there was a crisis happening overseas in benghazi and, yes, the state department was scrambling and the administration was scrambling but blaming this on Hillary Clinton, as ive seen a lot of conservatives no, im not blaming hillary. Your first point was right, this is an attack on america. When there is an attack on america, the president should be involved. What panetta said was president obama, who i just praised on the drone attacks, he got that right, but he was awol on benghazi. Thats not good. Secretary of state Hillary Clinton. Awol. That cant be good, mark. Thats all im saying. When Something Like that happens happens, when an ambassador is killed and they find out about it, im sure they mobilize everything. We can second guess who was speaking with whom at what time but i dont think its very productive now that we have four americans dead to sort of larry, this really reeks of blaming america first. I dont know. Peter, i just have 30 seconds left and im sorry, pete. Peter, we got to find out how this operated to improve upon it in the future. You would agree with me on that at least. Certainly. People do not have the information that they need here. The Obama Administration has not been forthcoming. They have been missing in action when it mattered, they have been misleading people. Sorry, out of time. Ann coulter, great, thank you very much. Mark and peter, much more time the next time. Thats it for tonights show. Im larry kudlow. Thanks for watching. She knows you like no one else. And you wouldnt have it any other way. But your erectile dysfunction you know, that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. Captioning made possible by Disneyabc Domestic Television [whistling] now, make a wish. But youll get hurt youll be killed john henrys dead. [boing boing boing] [choo choo] that was the wabbit. [thunder] 15 puppies. Hmm . To infinity and beyond for the last 20 years, a group of artists and scientists have transformed 2dimensional drawings into their own 3dimensional worlds. Whoa. Oh, googley bear. [man yelling] [man whispering] just keep swimming. Just keep swimming. Dory you got to go fast if you want to win. Yeehaw ah run like the wind, bullseye. Man the art challenges technology. Technology inspires the art. Second man the best scientists and engineers are just as creative as the best storytellers. Third man weve got characters that we want to come alive. Transforming the handdrawn line into a new art form was no easy task. Over the last 20 years, these artists face struggles and the risk of failure every step of the way. This marriage of art and science was the combined dream of 3 men, the creative scientist ed catmull, a visionary entrepreneur, steve jobs,