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roamed north america long before t-rex. how new 3d laser technology could save these structures for future generations. all that and much more on "cbs this morning saturday" november 23rd, 2013. welcome to the weekend. we also have great guests for you this morning including the up and coming folk band houndmouth. >> and you know him from top chef. he delivers a pre-thanksgiving feast to "the dish". >> our top story, a powerful winter storm could cause a ton of travel problems this headline day. this of course one of the busiest travel times of the year. >> rain, snow, and high wind battered several western states since thursday. at least four deaths are blamed on the weather. that system is now moving east and could make it tough for millions of americans to get where they're going. here's eric fisher chief meteorologist at wbz in boston. >> good morning. we're watching unusual rain for southern california. heavy at that. snow coming down in the mountains. this storm is the one we will be watching throughout the course of the next several days. lots of winter storm watches up to dallas texas. many folks dealing with wintery precipitation. snow totals around the san juan mountains and southwestern colorado, utah. new mexico, 6 to 12 inches of total snow. not just snow moving across texas but ice and sleet will be mixed in. that same storm stops by the gulf of mexico and brings rain to coastal texas, new orleans and biloxi mississippi. you'll be looking at heavy rain to kick off the week. then as we head towards tuesday, that rain towards atlanta, jacksonville and up the east coast. this will be heavy rainfall. could see a couple of inches along the gulf coast in particular. these are some of the airport hubs we will have to watch. tries to turn the corner into wednesday. interior snow possible. this a bit uncertain. it could cause major travel delays as we head to one of the biggest travel days of the year. back to you. >> eric fisher at wbz in boston. the numbers behind this holiday week's travel crunch. holiday travelers got the scare of their life last night at los angeles international airport. armed police stormed the terminals. it brought back memories of the fatal shooting of a tsa officer three weeks ago. here's serene branson of wcbs. >> reporter: throngs of people outside terminal 4 after l.a.x. police responded to a call about a man with a gun. at the same time a car crash took place on a busy friday night outside terminal 5. witnesses say a mini van may have clipped a car and a pedestrian before hitting a building. >> the driver had a medical emergency which caused her to lose control of the vehicle. she caused several small traffic collisions. >> that noise caused panic among passengers while running on edge after a tsa officer was taeulgtsly shot earlier this month. many took to social media. >> come inside. >> come inside. >> on the ground. everybody get down. >> video shot by passengers shows the chaos. heavily armed police canvassed the terminal. and people took pictures of others ducking and taking cover. >> they had to clear out the whole terminal. >> they had to evacuate the terminal. >> they had the bomb-sniffing dogs going through and everything. >> traffic came to a stand still outside the airport. travelers walking and running to catch flights. ultimately l.a.x. officials said they determined no shots were fired. it was the sound of the car accident in terminal 5 and they cleared terminal 4, never finding anyone suspicious. >> what occurred here was a hypersensitivity to what occurred on the 1st that caused people to react in the way that they did. i don't want to -- i'm not -- i don't have a problem with that. there's just consequences to it. >> chief dannonsaid the caller was most likely calling a prank. more than 4,000 passengers had to be rescreened. l.a.x. was on lockdown for about two and a half hours. i'm serene branson. now a series of fixes for the affordable health care act. there's some hope this weekend the reports that the website can now handle more people without crashing. and a key deadline has been pushed back. but will it satisfy the public or the president's a little bit cat opponents? political opponents? a senior administration official says the white house is anticipating a surge in mid-december. a sign-up date has shifted. a lot depends on whether the website is functioning a week from today. after another week of embarrassing website breakdowns like this one in miami when the website crashed right in front of kathleen sebelius the obama administration tried another affordable care act reboot, a key deadline pushed back. this time the sign-up date for coverage moves from december 15th to december 23rd, giving consumers an extra eight days to enroll for coverage set to begin january 1st. the move was made after consulting with insurance agencies and consumers, who suppressed frustration in dealing with the website. >> this extension will allow consumers more time to review plan options, to talk to their families providers oren rollment assisters and to enroll in a plan. >> i may add more confusion as the first of the year approaches and raises questions whether inches companies will be able to process applications in time. for now the more pressing deadline for the white house is november 30th. website fixes are supposed to be completed by then. the former white house budget director coordinating the website repair efforts said despite recent glitches in a week the website will be able to handle 50,000 simultaneousous users. >> by the end of november, the vast majority of users will be able to smoothly use the site and we are on target for that. we've said on these calls and in other venues that there are some folks who may be better served through in-person assistance or call centers. >> the administration says that the website can now handle 25,000 concurrent users without malfunction. there is still work to get where the white house said it should be. the goal is for 800,000 consumers to be able to use the website each day. >> thank you, jeff. now to the negotiations with iran over its nuclear program. a deal might be in reach. secretary of state john kerry flew overtightnight to geneva switzerland. margaret traveled with the secretary. good morning margaret. >> good morning. secretary kerry and top diplomats from china, russia uk germany and france all flew here in the hopes of boosting the chances for an iranian nuclear deal. all this diplomatic fire power does not mean an agreement has been reached. but the hope is that kerry's personal involvement will make one possible. this is the second time in two weeks that kerry has intervened. but many of the sticking points remain the same. his very first meeting within an hour of landing here was with the french foreign minister. someone who has taken a very hard line here saying iran needs to shut down one of their nuclear sites and provide more explanation as to what they're going to do with their nuclear materials before any type of concession is made. right from there he went straight in to meet with the russian foreign minister, a friend to iran, to try to strategyize. so far no substantive one on one negotiations between the u.s. and the iranian delegation that has been here now about four days. so the world is sort of waiting to see what's going to be possible. what we know about the draft tech so far is it is likely to say iran has the right to a peaceful nuclear program, but they don't have the right to make weapons grade material. they need to prove they are not trying to build a weapon. they will get 7 to $10 billion in relief a package that the obama administration says is small but they know the iranian economy desperately needs that help. >> is. >> a risk that time is running out? >> well, the iranian delegation really needs quick relief on the financial front to go back home and show to the hard liners that it's worth making any kind of negotiation and concession here. the u.s. and international sanctions have drained about $120 billion in oil sales. there's $100 billion in assets frozen. and iranians want access to that quickly. at the same time, there's similar pressure in washington because the senate signaled this week. president obama has one month before they move ahead with another round of sanctions. that could destroy any chances for diplomatic deal. >> margaret brennan in geneva switzerland, thank you. 50 years ago today, john f. kennedy's coffin arrived at the white house, one day after he was assassinated in dallas. yesterday, members of the kennedy family paused to remember the 35th president of the united states. anna warner has more. >> reporter: members of president kennedy's family came to remember him at arlington national sepl tore. his 85-year-old sister and only surviving sibling jean kennedy smith laid a wreath. in surrey england, president kennedy's granddaughter joined the leader of the house of lords at the official british memoryial memorial. they planted an oak sapling in his honor. president obama caused his president receiver's enduring print on american history. thousands turned out at daily plaza to remember the day 50 years ago when the unthinkable happened here. dallas mayor mike rollins. >> well it seems we all grew up that day. city and citizens. suddenly we had to step up to try to deliver to the challenges of the words and visions of a beloved president. our collective hearts were broken. >> reporter: justin little came from birmingham, alabama to pay his respects. >> i believe he was probably our best president. or would have been if he had more time. >> reporter: teresa hynes delivered from bowling green, kentucky. >> it was very moving. he was our president. he was assassinated. something you don't think would ever happen in the united states. >> reporter: at 12:30, the moment of the assassination, bells tolled and the crowd observed a moment of silence. historian david mccullough speaking here told the crowd -- >> gone but not forgotten is the old expression is tore departed heroes. but if not forgotten they are not gone. >> reporter: for cbs this morning saturday" anna warner dallas. tomorrow a key player in the events in delays 50 years ago. clint hill. the former secret service agent to leaped onto the limousine after jfk was shot. his brother's assassin was on the move. convicted in the shooting death of robert kennedy was transferred from a state prison friday to a facility in san diego. a corrections department spokesman described the move as routine and said the date was an unfortunate coincidence. now to the stock market. a notable run by the bulls. the dow industrial closed up again on friday to a record high over 16,000 the seventh consecutive week of gains for wall street. let's take a closer with michael santori. how significant is this do you think? >> the round numbers aren't that significant. the fact that the s&p 500 is up 27% this year, up 160% since the market started in 2009 is somewhat significant. it's a broad recognition of the forces that have been driving things. corporate profits are very strong high levels. money is very cheap freely available. the latest seven-week sprint is very extraordinary. we rarely get seven weeks up in a row. it's a recognition that the corporate is very strong. slow and steady economic growth is good enough. >> we saw health care stocks led this market rise. how are they more attracted to investors? >> it had been an inclusive rally. health care is dominated by big companies who have tons of cash. they're sharing a lot of that cash with dividends and buying back their own stock. health care is right in the sweet spot of what people like about the condition of corporate america right now. >> from what i'm hearing, the momentum is sort of the upper direction here. there's nothing stopping this right now. >> the one thing you can't argue about is the momentum. these are clues you look for for a market topping out. it has been broad. individuals are finally catching on and putting money into the market. but it's not a cheap market anymore. obviously relative to corporate profits. we have come a long way. so maybe we will have to have a little bit of a gut check at some point when the federal reserve changes course on its policies. >> what comes up has to come down. >> eventually, yes. >> is there a possibility we're in the bubble right now? >> i down the we're actually in the bubble. one of the reasons everyone is talking about a bubble. it rarely happens that way. if we actually extrapolate these trends, very cheap money for a very long time. people getting increasingly confident in bidding up stocks it ends there perhaps at some point. we're in the equivalent of the middle of where we were in the '80s and '90 opening statement.s. june and august were the two months when the the fed was coincidentally talking about tapering pulling back on its stimulus. the they're betting now that is next spring. >> the market is going to try to front run that possibility. when it seems very likely the fed is going to change the trajectory, i think the markets will have a little bit of stat at that point. could be the perfect occasion for a pull back. so could contentious budget talks. interest rates will rise in advance of that. we will have to see if the fed sticks to its guns. >> interesting, though. government shutdown didn't did he rail this. michael, thanks so much >> the federal chair sparked a firestorm when he said the agency might end rules that ban texting and cell phone use on planes. now, he's coming out against allowing passengers to do just that. tom wheeler on friday released a statement saying he opposes allowing passengers to text or chat on cell phones. he also says if it's not a threat to airline safety the fcc can't stop it. if it decides to allow it individual airlines still have the final say. now more on holiday travel as americans hit the roads, the runway and the rails for thanksgiving. aaa predicts 43 million americans will travel this week a slight decrease from 2012. "usa today" travel reporter or teresa jones is here with more on the holiday roads. good morning to you. >> good morning. last year thanksgiving travel was at a four-year high. why is it dipping this year? >> you know, the economy is recovering but it's a slow recovery. so some people are a little skittish about spending money on thanksgiving travel. if you do travel this thanks gig, gas is cheaper than it's been since 2010. so that's a great thing. >> that's what surprised me. they had a nice drop recently. i thought people would be hitting the roads. >> i think they're a bit lower. it's a lot of extra money to spend on black friday sales and other activities during your holiday. >> when i hear fewer people are traveling, i feel that's the sill is very lining. >> it depends on when you go. rush hour is going to be between 2:00 and 6:00 on wednesday. so you want to leave in the morning. you'll leave after 7:00 that night. or even better leave on thanksgiving day. nobody is on the road. but that depends how far it is to get to grandma's house. >> if you leave early in the morning, it's good. if you leave lunchtime, it's crowded. >> morning is always better i think. >> it's way too early" to talk about christmas. but i'm curious. >> never too early to talk about christmas. >> what is the forecast travel wise? >> they're expecting travel to be up a little bit. you really need to book your fare now because it will get closer as we get closer to the holiday. consider flying on christmas day to save a little money. look at the nearby airports. >> you normally think the smaller airports will cost you more. >> sometimes they do. you have to shop around a little bit. it's worth it in case you can get the great deal you're looking for. >> any tricks to train travel this week? >> you want to book now because they added extra trains in the northeast corridor oregon the midwest. but they're booking up pretty fast. it's best to go on line and get your ticket that way. and don't take too much luggage because the trains are going to be really full. >> any other tips people respond to? it always feels like the first time in terms of the headaches. you just don't anticipate them. >> keep it simple. wear slip-ones if you're going to the airport so you're not the guy or gal holding up the line. have your jewelry off. seniors 75 and older don't have to take off their shoes. you don't have to waste time tying and untieing sneakers. pack your patience. remember that at the end of the road you're going to be with friends and family and that's a great thing. >> patience is always key. >> you'll need the patience then. >> thank you. >> thank you. time to show you some of this morning's headlines. wall street journal said hamid karzai wants more time before signing off, another 10 years. the presidential elections should happen before the specifics of an agreement are ironed out. obama administration said it will pull out forces by the end of next year if a deal cannot be reached by the end of this year. west australian newspaper said a surfer didn't stand a chance after he was attacked by a shark. the man's injuries were so severe he died instantly. a warning had been issued that a great white was looming, this marks the third fatal mauling in 10 years. police in new york made four arrests following a rash of knockout attacks. these are cases where teens gang up on strangers and attempt to knock them out with a single punch raising more concerns that they are often recorded, touted as a game. there have been knockout attacks in other cities. believe it or not, canada's national post said rob ford continues to curry favor in the court of public opinion. ford's approval rating is 42%. one-third of those surveyed said they would vote for him again despite his admission of smoking crack cocaine. seattle times said microsoft had a blockbuster day for its xbox 1. more than a million consoles were sold in less than 24 hours, marking the end of an eight-year wait and the biggest launch in xbox history. >> $500 a pop. that's a lot. it is 22 minutes after the hour. now here's a look at the weather for your weekend. hour. now here is a look at the weather for your weekend. coming up my what big teeth it had. and lots of them too. scientists find a new kind of killer dinosaur in utah. we will introduce you. later, speaking of big, the latest thing for friday night lights in texas. jumbo tron video screens at high school football games. you're watching "cbs this morning saturday." ♪ coming up a remarkable story from denver. a high school student appears to have gained an amazing musical talent after suffering a series of concussions. >> this is an amazing story. i got a concussion once i got nothing, a headache that's it. >> play ten to 13 instruments soon enough. >> we'll be right back. this is "cbs this morning" saturday. when i started in the '90s, i realized there was another woman who only dressed in black and would not wear color. even if you don't like color, red you have. you have the element on your nails and lips. even if you don't wear color, you have red someplace. >> isn't there something about the eye gets drawn to the back of the heel because of that? >> absolutely. >> what do you think a shoe should do? >> a shoe should make the woman feel good look good but also what is a mystery and the nice thing of shoes, it's a language of the woman. it's a very important thing. it's just on the feet but it -- >> men pay attention, too. do they charlie? >> sure they do. he thinks it's more important to feel sexy than comfortable. >> yes. >> is comfort a bad word for you? have you ever worn a woman's shoe? your shoe? >> i tried once. >> was it painful? >> i wanted to see the balance. actually it can be probably painful because the heel was not well balanced. i can't understand it's not like walking in sneakers but, it's a different thing. you feel a different person. i think most women have those moments they want to feel like a woman. the city council meeting trying to get rob ford out of office. then something happened during the council meeting. what was that? suddenly, he started running through the council chambers. now, we have a better understanding of what happened yesterday up in toronto, canada. we have it on video tape. >> attention, ladies and gentlemen, complimentary crack is being served in the lobby. >> crack. >> welcome to "cbs this morning" saturday. >> dinosaur hunters are reporting a finding of a new species of predatory dinosaur that lived 100 million years ago. >> this four ton beast predates t-rex. in its time, it was the dominant meat eating dinosaur in the world. carter has more on this exciting discovery. >> hey! >> reporter: the 1993 movie, "jurassic park." the largest and most vicious of the known meat eating dinosaurs. the discovery of a new predator dinosaur in utah suggests t-rex didn't always dominate the planet. >> you can say this dinosaur bullied the forefathers of t-rex. >> reporter: this is one of the scientists from the field museum in chicago who led the excavation of the new dinosaur. his colleague spotted the first fossil. >> she found the hipbone. it was such a showing of bone. it looked like it was from a meat eater. we were excited. >> reporter: they were able to recover a partial skeleton including vertebra lower hip and toes. yesterday, after five years and hundreds of hours of lab work the scientists announced a discovery called the predator dinosaur that ruled the earth before t-rex. >> it's one of the largest predators we have found in north america. we haven't found a predator of this size in 50 years. >> it weighs more than 4 tons. it's 12 feet shorter than the 6 ton t-rex who welcomes visitors to the field museum. the t-rex roamed the world but this was much earlier. >> it was the top of the food chain 100 million years ago. >> reporter: it wasn't until after dinosaurs like this disappeared the t-rex rose to the top of the food chain. pail yentologists are calling it a cool find. >> it's not often we find big dinosaurs like that. >> reporter: carter evans, cbs news. >> t-rex fits. >> all i could think is now i have to buy my son that dinosaur. >> here is a look at the weather for your weekend. up next new information about your heart plus why a handful of nuts is helping some people live longer and might help you, too. that and much more in the medical news. you are watching "cbs this morning" saturday. 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[ male announcer ] progresso. you gotta taste this soup. the day my doctor told me i had diabetes i remember thinking there's a lot i have to do... check my blood sugar eat better. start insulin. today i learned there's something i don't have to do anymore. my doctor said with levemir® flexpen®... i don't have to use a syringe and a vial. levemir® flexpen® comes prefilled with long-acting insulin taken once daily for type 2 diabetes to help control high blood sugar. dial the exact dose. inject by pushing a button. no drawing from a vial. no refrigeration for up to 42 days. levemir® (insulin detemir [rdna origin] injection) is not recommended to treat diabetic ketoacidosis. do not use levemir® if you are allergic to any of its ingredients. the most common side effect is low blood sugar which may cause symptoms such as sweating, shakiness, confusion, and headache. severe low blood sugar can be serious and life threatening. ask your health care provider about alcohol use, operating machinery, or driving. other possible side effects include injection site reactions. tell your health care provider about all medicines you take and all of your medical conditions. get medical help right away if you experience serious allergic reactions such as body rash, trouble with breathing fast heartbeat, or sweating. flexpen® is insulin delivery my way. covered by most insurance plans, including medicare. ask your health care provider about levemir® flexpen® today. it's time now for morning rounds, a look at the top medical news of the week. dr. john is with us and holly phillips. lots of headlines from the american heart association in san diego. first up a study revealing people who have what seem like sudden heart attacks usually have warning signs. researchers in oregon followed 1 million people for 11 years. more than half of all men who suffered sudden cardiac arrest had symptoms in the weeks before their attack. tell us about the study. >> we are talking 350,000 americans who suffered sudden cardiac death a year. it's devastating for the family and the patient. even more so it came out of the blue and there were no warning signs. we are finding out that in the month before, 53% of these people had symptoms. typical ones chest pain and shortness of breath. 4% palpitation, dizziness. >> what should you do if you have the symptoms? >> certainly, do not diagnose yourself. the first time you have a new symptom, talk to your doctor especially if it's shortness of breath and chest pain. talk to your doctor and understand what's going on. >> all right. also this week news for the millions of americans who take aspirin to prevent heart disease. a new study suggests the pills might be most effective if you take them before you go to bed. i think most people take them in the morning, don't they? >> yes. >> why is this better? >> it has to do with how aspirin prevents heart attacks. it prevents the blood from clotting. in the study, they looked at 290 patients taking 100 milligrams. if you take it at night, it has the greatest effect in the morning. the blood is most thin in the morning and less likely to clot. it's important because heart attacks happen three times as often in the morning. by taking your aspirin at night, you are getting the biggest benefit when you need it the most, in the morning. >> what if you are taking other medication as well? >> it's interesting, many people who take aspirin to prevent heart attacks are taking statins which are given in the evening. it might be easiest just to take your aspirin and statin at the same time. >> okay. now, here is another reason to quit smoking. a new study shows people over 65 who kicked the habit can reduce their risk of heart disease faster than previously thought. tell us about this study and what's new here. >> i love this study. is there ever a time when it's not good to stop smoking? there's not. people 65 and older smoke the equivalent of one pack a day. if you stop smoking, you risk having heart failure or heart disease goes to baseline. if you have never smoked an average of eight years. >> never too late. >> it's a good study. stop. princeton university said they will use a vaccine not yet approved in the u.s. to fight a meningitis outbreak on campus. seven students have been infected with the brain infection. the university got an emergency waiver from the fda for a vaccine already being used in europe. >> reporter: princeton officials announced they will make the vaccine available in december to undergraduates and graduates living in dormitories and people with conditions that may make them vulnerable to the disease. this doctor studies infectious diseases. >> the food and drug administration developed a process where inlicensed drugs and in this case a vaccine can be introduced to be used in that specific patient or this public health circumstance. princeton students have been following news of theout break closely. >> everyone is on their toes as they should be about the spread of this disease. >> reporter: will you get the meningitis vaccine? >> i think i will. i would rather take the chance to try to be safe than take the chance of being high exposure. >> reporter: it spreads through close contact including coughing, kissing, sneezing sharing food and drinks. >> the person can become semicomatose or comatose. it can happen in a matter of hours. >> ho many people die from meningitis? >> about 10%. even if you survive, one in five have long term side effects. it's a big deal. finally this week thanksgiving, of course, is just around the corner. if your holiday recipes call for nuts, here is good news. the new england journal of medicine reported people who eat nuts every day are more likely to live longer. tell us about the benefit of nuts. >> nuts are full of unsaturated fat, the good kind. they have fiber, antioxidants anything you need. this study was interesting. it's not a cause and effect study but showed a link between nut eaters and decrease of death. people who eat nuts were less likely to die of heart disease, stroke. it has an overall goodefect on the health. when the study came out, i was on the grocery store and saw it on my e-mail. i said let me go back to that aisle. >> remember these were much healthier people in the first place. they tended to exercise more smoke less and ate fruits and vegetables. it's not on top of the junk food, it's instead of. >> if you have n every day, you might be less likely to reach for potato chips. >> it's good to have nuts at the holiday table, especially if they are not your relatives. up next what is big, bright and deep in the heart of texas. >> i'm brandon scott in ft. worth, texas where high school football has always been big. now it's bigger. that story is coming up on "cbs this morning" saturday. i need to address a touchy subject... christmas night bedtime. specifically - the "no toys in bed" rule. we simply ask, let the gifts do their jobs. please...don't get in the gifts way. join shop your way at kmart get in. get more christmas. if you're seeing spots before your eyes, it's time for aveeno® positively radiant® face moisturizer. [ female announcer ] aveeno® with soy helps reduce the look of brown spots in 4 weeks. for healthy radiant skin. aveeno®. naturally beautiful results. ♪ ♪ ♪ by the end of december we'll be delivering ♪ ♪ through 12 blizzards blowing ♪ ♪ 8 front yards blinding ♪ ♪ 6 snowballs flying ♪ ♪ 5 packages addressed by toddlers ♪ ♪ that's a q ♪ ♪ 4 lightning bolts ♪ ♪ 3 creepy gnomes ♪ ♪ 2 angry geese ♪ ♪ and a giant blow-up snowman ♪ ♪ that kind of freaks me out ♪ [ beep ] [ female announcer ] no one delivers the holidays like the u.s. postal service. priority mail flat rate is more reliable than ever. and with improved tracking up to 11 scans, you can even watch us get it there. ♪ ♪ ♪ you like to keep your family healthy and fit. and now there's a new way to do the same for your dog. introducing new purina dog chow light & healthy. it's a no-sacrifices calorie-light way to help keep him trim... ...with a deliciously tender and crunchy kibble blend he'll love... ...and 20% fewer calories than dog chow. discover the lighter side of strong. new purina dog chow light & healthy. ♪ ♪ [ female announcer ] let betty do the measuring and get a head start on delicious homemade cookies. visit bettycrockercookies.com for fun holiday ideas. betty crocker cookie mix. just pour, mix...love. discover card. hey there, i just got my bill and i see that it includes my fico® credit score. yup, you get it free each month to help you avoid surprises with your credit. good. i hate surprises. surprise! at discover, we treat you like you'd treat you. get the it card and see your fico® credit score. ♪ it's said by texans everything is bigger in texas. it certainly is true of high school football. jumbo trons are going up even in small towns. they are real crowd pleasers. >> reporter: texas is famous for big time high school football. big plays. big hits. and now, big screens. more than 140 texas high school stadiums have installed jumbo trons for instant replays and pumping up the crowd. the biggest, a 1200 square foot monster in a tiny town. almost 70% of voters approved the $750,000 price tag. what is it about texas that makes it prime country for huge video screens at high school football stadiums? >> it's friday night lights. when you start a game people come to watch. >> reporter: david bitters is the assistant superintendent of brewer high school in ft. worth, home to 15 x 25 screen. >> a system like this goes for $500,000. rmp it's a lot of money. >> that's why we are excited to say it cost us nothing. >> reporter: you didn't spend a dime? >> not a penny. >> reporter: they didn't want to saddle the district with debt. they partnered with a vendor and got the jumbo tron for free in exchange for ad revenue. advertising rates can reach $25,000 per sponsor per season. it looks like a big league production but run almost entirely by students. dusty operates the main camera at the stadium. >> kind of makes you feel powerful. i have this camera and goes up on the big screen. this is awesome. >> take one. >> reporter: the students learn how to call the shots and man the cameras in video production classes, partially funded by big screen ad dollars. >> we wanted our kids to learn a skill, video production. we watch it happen. >> reporter: in true texas fashion, the school is thinking of up sizing and installing a bigger big screen in the years to come. for "cbs this morning" saturday ft. worth. >> very smart the way they got that for ad revenue. it's great the kids are helping run it. >> i am from texas and we like big screens. what can i say. coming up the amazing musician after suffering several concussions. you are watching "cbs this morning" saturday. 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[ male announcer ] what's in a can of del monte green beans? ♪ ♪ ♪ if i was a flower growing wild and free ♪ ♪ all i'd want is you to be my sweet honeybee ♪ ♪ and if was a tree growing tall and green ♪ ♪ all i'd want is you to shade me and be my leaves ♪ grown in america. picked & packed at the peak of ripeness. the same essential nutrients as fresh. del monte. bursting with life™. here is a pretty amazing story that raises a strange question. can a bump on the head or more than one in this case, release untapped talent in a person? >> it's not something we suggest you try. a denver high school student says that is what happened to him. after he suffered a series of concussions, he turned into a musical genius. here is suzanne from our denver station kcntv. >> reporter: this high school ensemble is really impressive. but the story of the pianist is truly amazing. photos show his first passion, sports, football and lacrosse. >> i thought i might be a professional lacrosse player. >> reporter: a series of hits put an end to that dream. >> i fell backwards and hit the back of my head on the ground. i didn't understand something bad happened. >> reporter: two back-to-back concussions sent him to the hospital for weeks, seizures followed. >> he started to ahallucinate. >> he had no talent. i would say can't you hear what's next? you know something like twinkle twinkle little star and he said no. >> i said mom, i can't. i would have her draw numbers on the keys. >> reporter: when he got out of the hospital doctors said he shouldn't play contact sports anymore. ♪ >> reporter: but he suddenly could play music almost effortlessly. he can now play the guitar the bagpipes scottish and irish, the mandolin, the accordion. >> i play roughly ten to 13. >> reporter: his doctor says its as if the concussions turned on a new part of his brain. >> the thought is this is a talent laying in his brain and wasn't covered by his brain rewiring after the injury. >> reporter: he plays solely by ear. he finds comfort his seizures were the same experienced by frederick. what do you think happened in your brain? >> i honestly think something got rewired and something changed. thank god it did. >> reporter: no one can say with absolute certainty his medical problem led to his music, but this young musician is incredibly grateful for a gift he hopes will stay with him for life. for "cbs this morning" saturday suzanne denver. >> a fascinating story. i know from working with musicians, music is a different pathway in the brain. what happens here is amazing. >> lucky young man, unlucky in some ways. next how 21st century technology is creating the greatest works of arts. >> for some of you, the local news is next. for others, stick around. you are watching "cbs this morning" saturday. >> you hold it for five ten, 20 years and you are going to do well. >> yesterday on this show we talked about the shale boom. now that the u.s. is going to produce more oil than russia than saudi arabia you made a big investment in exxon. how transformative do you think it is for america? >> well it's very important because we have a huge deficit in our balance of payments. a good bit of that because of oil and now we are reducing our dependence on foreign oil. we reduce the number of dollars that flow out of the country. it's a very important event. >> warren buffett, here you are back at rose hill elementary school. were you a good student when you were a kid? what was your grade point average, warren buffett? >> i was a good student then then i moved to washington and was a disaster for awhile. >> we want to talk about your education initiative. i grew up in a house where it was impo lite to talk about money. it was a private matter. at what point should you talk to children about money and business? >> very, very early on. it's very important they understand money work habits and saving. you can't learn that too young. you know it is the habits you develop when you are young that you live with when you are older. soeone said the change of habits are too light to be felt. you want to have the right habits. the time to get them is very, very young. captioning funded by cbs welcome to cbs this morning saturday. >> coming up this half hour they're making the world's greatest works of art virtually immortal. how the 3-d technology makes amazingly detailed preservation possible. how to turn a movie into a blockbuster. there's a formula, and we'll share it with you. meet a man who made a sharp turn in shaping his career. once an author he now hand-makes some of the world's best knives. our top story, the deadly wintry storm system pushing east ahead of thanksgiving. potentially cheating travel trouble -- creating travel troubles for millions of americans in the coming holiday week. >> this is out west right now, with snow, heavy rain and strong winds. blamed for at least four deaths. >> we'll get the latest from eric fisher at wbztv in boston. good morning, eric. >> good morning, everybody. we've had flooding in san diego, of all places. this storm moving through the four corners, will bring rain and a lot of wintry weather to the mountains of arizona and new mexico. a lot of freezing rain in texas, where temperatures are well below average this time of year. san juan to southwestern colorado, also in the mountain areas around new mexico looking at 6 to 12 inches on the peaks. skiing possible. lighter amounts in texas. the icy glaze on top. it stops by the gulf of mexico picks up moisture and brings heavy rain to houston and new orleans. that starts the week as it creeps along the gulf coast into tuesday. more heavy rain atlanta, charleston. and in terms of airport hubs atlanta and charlotte big connecting airports. there can be a trickle-down effect. it moves up the 95 corridor into the big cities. rain there, and interior snow possible. certainly any weather, one of the biggest travel days of the year, that could lead to big slowdowns. back to you. >> meteorologist eric fisher at cbs station wbz tv in boston. it was a rough start to the holiday getaway at los angeles international airport. an accident prompted false claims of gunfire. this proved to be not true. but was not determined before armed police stormed the area and two terminals were evacuated. it brought back memories of the fatal shooting of a tsa officer at an airport three weeks ago. another airport scare in atlanta when a passenger boarded a spirit airline plane, began shouting he'd blow it up. >> there's a bomb on the plane! >> the outburst came when police tried to get him off the plane after it landed. the pilots reported the man was shouting and throwing things at other passengers during the 90-minute flight from ft. lauderdale. he was taken for a mental evaluation and is expected to face charges. the struggle to get obama care on track. the troubled health care website is said to be improving but it's still a long way from amazon-like efficiency. jeff, good morning. >> good morning, anthony. on friday, a senior administration official told cbs news that right now, the website can handle 25,000 con current users by next week they hope to double that number. one reason why the website fixes are key is because the administration is planning on an enrollment surge in mid-december. that's why they also extended the signup date for coverage. it moves from december 15th to december 23rd, giving consumers an extra eight days to enroll for coverage set to begin january 1st. there was another date pushed back. the administration announced next year's open enrollment will begin in october. jay carney was asked about that on friday. >> the idea of pushing back the 2015 schedule by one month has to do with one thing -- several things. it's good for insurers to take into account when setting 2015 rates. >> some republicans say the move is about politics. center chuck grassley of iowa released a statement saying that if premiums go through the roof in the first year of obama care no one will know about it until after the election. of course, he's referring to the midterm election. but the primary -- the priority for the white house, rather right now is for the end of november deadline a week from today. the white house set for those website fixes. >> jeff, thanks. the u.s. iran and five other nations could be close to a deal on iran's nuclear program. john kerry is in geneva this morning where stumbling blocks in the talks would bring relief to the sanctions. >> reporter: good morning. secretary kerry will now meet with iran's top nuclear negotiator in the first round of substantive talks during the four days of negotiations. even with all the diplomatic firepower in place, there is no guarantee of a deal. the hope is that kerry's personal involvement will help bridge the differences that remain. they're described as narrow at this point. many of the sticking points are just the same. exactly how much access iran will give in exchange for some economic relief from punishing financial sanctions. kerry's very first meeting was with the french foreign minister who has been taking a hard line demanding more access and the shutdown of a nuclear site for any financial relief. the russian foreign minister also strategized with kerry immediately after that. russia is a friend to iran and iran is asking for more than what is currently offered in the sanctions relief deal that is on the table. now, the deal itself is a six-month confidence-building measure that will likely say iran has the right to a peaceful nuclear program, but they have to prove they're not trying to build weapons and destroy any weapons grade material they may have. we'll see if the deal can be reached this round. for cbs this morning, saturday margaret brennan, geneva. in a quest to preserve the world's historic treasures, it's often the small things that we're able to save. but what about preserving something big and solid. such as a great building or a sculpture the size of mount rushmore. as the december issue of national geographic magazine shows, new technology makes that possible. george johnson is a science writer for national geogrask. george, good morning. >> good morning. >> where did this idea come about to preserve buildings, make digital copies of them? >> around 2003 remember when the taliban destroyed the buddha statues in afghanistan, and ben casera was shocked by this and realized he had invented the technology that he might be able to promote, to preserve digital replicas of things that are sdoid. if they disappear, they could be conjured up in cyberspace. >> i was fascinated by how they do this. they're essentially taking laser beams and going over every contour of a building and recreating it. is that -- >> yes, a lot like an old-fashioned tv camera where you would scan or electron beam off of every line across the scene, very rapidly. in this case 50,000 times a second you're bouncing a laser beam off the surface and preserving a picture, or replica of the exact contour. >> there's a project here that's kind of like a noah's arc, if you will accumulating all these buildings and putting them in a place. it's called sci arc, is that right? >> yes, ben casira is his name and it might have something to do with the institution that he started. i like to think of it a cyber kinetic arc. their goal is to do 500 in the next few years. >> you see that process, it would seem like nothing would be too big. it could really preserve whatever they want is that correct? >> yeah. i watched them at an ancient hindu temple that's like a step well, like five stories going down beneath the ground. and intricate, intricate walls of hindu carvings and they were scanning this entire thing. it took two weeks. i watched them do this. and getting it down to a resolution of less than a quarter inch. >> is it an expensive process? >> it's expensive. and they rely on donations. it's a nonprofit effort. they get government grants they get private foundation money. things like this. >> it will be an amazing blueprint to have. george johnson, thank you so much. >> thank you. it's about 9 after the hour. here's a look at the weather for your weekend. coming up the se krem formula that turns movies like "ironman 3" into blockbuster hits. you're watching cbs saturday morning. 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>> we are. >> he wasn't supposed to be gone that soon. >> reporter: george began planning this concert more than a year ago. his wife nancy transformed what he started into this tribute. >> we got letters handwritten from george inviting us to be a part of the thing. and of course it's sad that he's not here with us. >> reporter: make no mistake about it this sold-out concert is a celebration of the man the many called the greatest country singer to ever live. >> we're not here to mourn george. we all miss him and wish he was still with us. we're really here to celebrate his life and music. you don't see long faces back here. everybody's smiling and happy and glad to be here. >> last night's concert lasted more than four hours. anthony? >> what's the surest way to have a hit movie, album or video game? harvard business school professor said the blockbuster strategy is the path to follow. she's the author of blockbuster hit making risk taking. thank you for being here. >> thank you for having me. >> you say it applies to movies tvs, even sports and video games. what exactly is the strategy? >> for the blockbuster strategy it's a strategy in which companies contact producers, film studios, record labels publishers and many others are getting a disproportionate amount on the likely winners. they don't say, let's just see what sticks. they say we're going to decide which products are going to be successful in the marketplace and we're going to go all in. >> why has it been so successful? >> if you go all in you get everyone else who's involved in the making of these products to go all in too. so retailers will stock it on the shelves, theaters will be really pleased to show these blockbuster movies. so yes, it works in a variety of different ways. >> give me an example of a successful film. >> one example i discuss in the book is the harry potters films,'s all examples of big blockbuster bets. the studio went all in to make them a success. >> has this not been why we have so many sequels? >> i they that's one of the thing we're seeing in the marketplace. if you think about what are the most likely winners we don't have a lot to go on. but we do have something to go on as an executive to say, it looks a lot like something that happened in the past. you see betting taking place on something that resembles the past. it's not always the case. inception is a movie that looked like nothing that was out there. but also was a blockbuster. >> you give an example of former nbc ceo who deviated from the strategy. what happened? >> disaster happened if you look at the numbers. so he was a person who said we're making too many of these really risky -- he thought it was too risky. he said what we should instead be doing is manage for margins. we should not be swinging for the fences on all of our bets we should be saving costs, maybe not hire very expensive stars, or maybe not go for the most expensive formats. and that -- even though it seemed very safe to do so it was actually the risky strategy. walking away from the blockbuster strategy means the odds of failure go up tremendously. and ratings fell. he brought the network down from the number one position to the number four position. and margins fell too. so he wasn't successful in his strategy at all. >> is anybody having success working outside of this strategy? >> yes, in the book i provide examples, such as justin bieber and a self-publisher amanda hawking who established a loyal fan base online. what's interesting is at some point they say, there's actually a lot of advantage for me to become part of the existing system. and to align myself with an established book publisher, or established record label. >> there is this argument that going for the blockbuster all the time quashes creativity because people go for the safe bet. >> i hear that all the time. and i think there's something to be said for that argument. but on the other hand, i think the more the producers have a good sense of what is successful and the more they realize this is how we build sustainable businesses, the more there's room for truly original products as well. i think, for instance, the movie "gravity" wouldn't have been made if warner brothers hadn't been so successful with the harry potter and dark knights. there wasn't a chance they would have $100 million to spend on a movie that was actually quite a risky bet. so on the one hand we're seeing that they are trying to play it safe, because there's so much at stake. but there's always room for the truly original products. >> anita thanks so much for being with us this morning. >> thank you for having me. up next what any cook would love to have for carving a turkey, or slicing almost anything. a hand-crafted knife from brooklyn. you'll meet the guy who makes them. you're watching "cbs this morning saturday." 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[ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! it's one of mankind's most effective tools going all the way back to the stone age, the knife. these days of course most kitchen knives are made in big factories. >> but some, just a few, are still crafted entirely by hand and they're coveted by chefs around the world. our terrell brown found a modern knife maker right here in new york city. >> good morning to you. joel is one of only about 15 people that can make top-shelf kitchen knives by hand and it turns out the people who want them are willing to pay top dollar. >> there's something that it gives me that nothing else does. >> reporter: not everyone sees sparks fly just talking about what they do for a living. >> i think that making a tangible thing rewards me sort of gives back to me in a very acute way. >> reporter: joel is one of them. >> i make and sell hand-made kitchen knives. from chef's knives to butchering knives. think of a kid in high school they talk about, think about what they want to do when they get older. this isn't one of those things that immediately come to mind. >> i was on the college track. i went to graduate school where i met my wife and we got msas in fiction writing. >> reporter: but failing to sell a novel and failing to complete a second he found solis in the material. >> on the surface it seems very very different. one is seemingly chaotic and violent and you've got sparks and all this stuff. writing, to me it's the hardest thing that i've ever done. so hard. >> reporter: he said he was hooked on knife-making from the beginning. >> i think it was making something that i knew would be useful. i just kept chasing it. i made another and another. that was it. >> reporter: he learned the craft by reading books and joining online forums with other craftsmen. >> there are a handful of very simple steps. and it's a matter of mastering those steps and sort of you know, learning to get really good at a handful of things. and getting in your shop and trying not to lose a finger or something like that, you know. like that's kind of it. >> reporter: ten years later he has his own studio, and two assistants. they make about nine different styles of knives by hand. if i want a knife from you, or set of knives how much am i going to pay? >> it depends on what kind of knife you want. but anywhere from say, a small paring size knife, $350. >> $350? >> up to $600 for a chef's knife. >> is it hard to sell a $600 knife? >> not for me, i guess. what i do is, we're open two days a work and folks come in during our shop hours. whatever doesn't end up walking out our doors, i take a photograph of it and put it front and center on my website. usually they're gone within a couple hours. >> reporter: professional chefs and avid cooks are willing to pay top dollar to get a handmade knife that just a small handful of people are able to make. >> there's like a moment and hopefully you'll feel it when you cut and go, wow. wow. >> reporter: like a true artisan, he controls his designs. for the most part he does not take custom orders. >> i make the stuff that i'm excited about making. at any point in time that i feel i want to make. and i put them out there into the world for people to purchase. if they purchase them great. >> reporter: you seem like you're doing a pretty good job. >> it's working out okay. >> he feels fortunate to be able what he says to be at the intersection of food and craft. he gets chefs from all over the world who come to new york just because they've heard about his knives. >> he's kind of an artist. >> how paper thin that was. >> you could literally see through it. >> the sharper the knife, the safer it is. >> not in my place. coming up when the stars come out, he's right there with them. for 60 years douglas kirkland has been the top photographer in hollywood. see some of his finest work. you're watching "cbs this morning saturday." the original title when we were writing, gravity of space, adventure in 3-d. >> we wanted it to be an experience. that was part of his theory that if you feel that you're there, it's more of a primal journey. a more visceral journey. >> i've known alfonzo for a while, in which we did other conversations together. is he the reason you went into filmmaking? >> i guess i went -- you know you always try to run away from your parents. but then -- >> did you get it wrong? >> at some point you realize you've been bombarded by your whole life. it's kind of like -- it comes natural to you. >> it was at the point that he called me. >> let's talk about the stars of this film. i mean george clooney, and sandra bullock. people are talking about oscars that it's their best film for both of them. they're incredibly accomplished actors. >> you have sandra and george. you won't have bad reviews. it's like shooting pandas. you don't do that. >> so that hepgs. >> that helps, yeah. >> talk about where you think it expanded george clooney's range, for instance. he's been in a lot of great movies. >> yeah. but i think that he's great in every single film. when you're working with george you're not working only with an amazing actor. you're working with an amazing writer, and an amazing director. and a guy who's so generous he's very quiet, very respectful. but the moment that you sense a hesitating, he's there to help you. one of the other big stories in politics this week president obama had to come out and apologize to america and admit obama care is not working. i was surprised by the new cbs poll that came out that found 70% of americans actually think obama care is fine the way it is. in a related poll 100% of researchers do not understand sarcasm. obama care is great. oh, i love it. you love it? yeah, i love it. i want to eat it for breakfast. oh. >> welcome back to c this morning saturday. >> for more than 60 years, photographer douglas kirkland has been the go-to guy for shooting hollywood's biggest stars. he's been the onset photographer for more than 160 films, from the sound of music to titanic to the great gatsby. >> a new book a life in pictures. we're delighted to welcome douglas kirkland to the studio. >> i'm happy to be here with you. >> your book is beautiful. i could not stop turning the pages. how does one get involved in the line of work that you're in? >> that's a good question. i worked for time life magazine and look magazine in the early days. and i just connected with different people. i was hired by "look" magazine in 1960 to photograph fashion. >> that's you, by the way, we saw on the left with liz taylor who kind of gave you your big break. >> that was the turning point, a very major turning point. what happened is my boss called me when i was doing fashion work in california, he said go to las vegas, because elizabeth taylor has not been photographed at that point in almost a year because she had double pneumonia. >> how did you convince her to take the shots? >> i'll be honest with you here today. i said to elizabeth, i stay in the shadows as a journalist interviewed her. i reached out after and said very nice to meet you, elizabeth. she always wanted to be called elizabeth. my name is douglas kirkland. i'm now with this magazine. can you imagine what it would mean to me to give you an opportunity to photograph you. she said no pictures. what happened is she thought for a moment and said okay. come tomorrow night. >> you flattered her. >> that's what started my career. >> i want to ask you even in the pictures we saw of elizabeth taylor, there's a scar on her neck. >> yes. that was a scar from the double pneumonia she had when they first tried to shoot cleopatra in england. she said i wear this as a badge of honor. now, later she had it removed. but she wanted it to be quite evident there. >> when you look at your body of work it seems that's a consistent theme. there's no airbrushing. they're very can did images. >> i'm with them on a one-to-one basis. that's what i want people to see. i want them to see and feel the real person. >> you became pretty quickly the studio's go-to guy for onset photography. you shot 160 films, including sound of music in 1965. what was that like? >> it was in austria. and, you know when this began, the studio 20th century fox, never believed it was going to be a major film. of course it made a fortune for them. here i was with julie andrews and christopher plummer and all the children. here's a picture from the book. this is one you pull open 40 inches. this became major ad art for the film. and they put the family in behind. and often when you go into 20th century fox in los angeles where i live i look down just as you turn in i look down and see -- i still see that up there. that's a nice feeling after all these years. >> do you ever have a favorite picture? >> a favorite picture? well i'll tell you my favorite picture. it's a picture of audrey hepburn. it's one of the first pictures in the book. there it is. you know playful. it was very nice. i met my wife when i was working with audrey in paris. and i was -- she happened to come up to the studio to see her mother who was working on the movie. it was really audrey that brought us together. audrey was photographed on many occasions. including one of her last films with sean connery. and that was shot in spain. in any case that is my favorite picture of all of them. that picture of audrey playing and flirting. it was very simple. i had her in front of the lens and i said come on audrey just play a little. and she did it. sometimes it happens quickly. sometimes you do a lot of plans. you have to know when it's time to reroute those plans. >> they give you something. >> bridget bardot. i started working on a film called viva maria in mexico. >> we want to remind people the name of the book so they can see all of those images "a life in picture: douglas kirkland." >> thank you. it's been quite a life for me. the publisher is heavy idea. >> for a final look at the weather for your weekend. up next you could say he's the top chef. tom brings us his ultimate thanksgiving feast to the dish. we'll certainly drink to that. you're watching "cbs this morning saturday." 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[ female announcer ] if you love natural creamers you'll love coffee-mate natural bliss. made with only milk... cream... sugar... and a touch of flavor. coffee-mate natural bliss. simply put it's naturally delicious. we are very lucky this morning to have a place at the pre-thanksgiving table set by tom. he also co-starred in and was executive producer of the documentary film "a place at the table" about hunger in america. >> the top chef and winner of five james beard awards tom is the chef and owner of the popular and critically acclaimed craft restaurant here in new york and around the country, including his new topping rose house on long island. welcome to the dish. >> thank you. >> it's great to have thanks giving early. >> it is. i hope my table is as good as this table. >> tough to top this. >> yeah. >> walk us through what we have here. >> when i do my turkey i don't like to brian my turkey. i think brining dries it out a bit. i stuff a bunch of butter up under the skin and fresh herbs of the rosemary thyme, sage under the skin. the secret to a moist bird is basting it every three minutes. the stuffing's kind of started with my grandmother's stuffing recipe. but i started using raisin fenel bread. dressing and stuffing i kind of do both. carrots, and brussels sprouts and bacon. more important than the food what food does especially thanksgiving, you think about bringing people around the table. i think that's missing too much from our life noticewadays. when i was growing up i had to be at the table every night. even with my kids we try to do at least once a week. i think that's really missing. >> first i want to ask you about this. this is really interesting looking. >> this is -- i judged a drink contest with a gym, they asked me to sit in and judge. this didn't win, but i thought this was the most interesting of all the drinks. this is a beet and gin cocktail. pureeed beets, and the bombay gin. it's perfect for this time of the year. >> tell us about your background. you've obviously been in kitchens for years. was it your father's suggestion your mother grandmother? >> you know i cooked -- i started cooking at home when i was 12 or 13 years old. when i was 15 my father suggested i become a chef. it was the only times i listened to him growing up i think. but yeah he -- he did a great job, i think, with his three children. i'm one of three boys. and we all just found things we love to do. my younger brother is a basketball coach. and we always knew from a young age that he wand to do that. >> you started as a short-order cook. >> i did. i started as a short-order cook at a swim club. and from there, just loved it. just found that i was pretty good at it. and just stuck with it. right out of high school started working in kitchens and never looked back. >> you read that you said working in a kitchen is like conducting an orchestra, being a top chef. >> people ask all the time do you still cook? well, a little secret chefs don't really do the day-to-day cooking. it's our recipes and the way we run our kitchens. if you go see a piece of classical music, the composer is most likely long gone. but who gets top billing? the conductor. you expect the conductor to jump down in the pit and pick up a violin and start playing. that's what we do in the kitchen, we conduct. >> you have eight restaurants now. >> the secret to having multiple restaurants is you have to check your ego at the door. if you think you're the only person that can do that you'll only have one restaurant. >> it's fascinateing you never went to culinary school. you were self-taught. >> i was taught by many many different chefs. my first big job in new york was the quilted giraffe back in 1984. i worked with chefs at goff and thomas keller when he was way before the french laundry and perse. so i've worked under a lot of great chefs. >> what's the secret to being a great chef? >> the secret is i think, learn the basics learn the techniques and methods and find your own way. you can't imitate. the other thing, if you put someone on a pedestal you set your limit. so at a very early age i looked at everybody as my peers, and decided if -- you'll never reach sort of as far as the person on the pedestal. >> we can't thank you enough for coming. we have to ask you if you would share this meal with anyone who would it be? >> i watched a lot of the coverage yesterday on kennedy, and it just reminded me how -- i met senator kennedy before he passed on but sitting down with all three brothers would have been really fabulous. >> select. for more on the dish head to our website cbsthis morning. the unique sounds of a rising young rock 'n roll band right here in the studio 57. stay with us. you're watching "cbs this morning morning: saturday."taking charge of their type 2 diabetes with non-insulin victoza®. for a while, i took a pill to lower my blood sugar, but it didn't get me to my goal. so i asked my doctor about victoza®. he said victoza® is different than pills. victoza® is proven to lower blood sugar and a1c. it's taken once-a-day, any time, and comes in a pen. and the needle is thin. victoza® is not for weight loss, but it may help you lose some weight. victoza® is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza® has not been studied with mealtime insulin. victoza® is not insulin. do not take victoza® if you have a personal or family history of medullary thyroid cancer multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza® or any of its ingredients. symptoms of a serious allergic reaction may include: swelling of face, lips tongue, or throat, fainting or dizziness, very rapid heartbeat, problems breathing or swallowing, severe rash or itching. tell your doctor if you get a lump or swelling in your neck. serious side effects may happen in people who take victoza® including inflammation of the pancreas (pancreatitis) which may be fatal. stop taking victoza® and call your doctor right away if you have signs of pancreatitis, such as severe pain that will not go away in your abdomen or from your abdomen to your back with or without vomiting. tell your doctor about all the medicines you take and if you have any medical conditions. taking victoza® with a sulfonylurea or insulin may cause low blood sugar. the most common side effects are nausea, diarrhea and headache. some side effects can lead to dehydration, which may cause kidney problems. if your pill isn't giving you the control you need ask your doctor about non-insulin victoza®. it's covered by most health plans. performing this morning in our saturday session, hound mouth, currently riding a wave of good press. the band first got together in november of 2011. since then they've wasted no time crafting their own unique sound. >> they recently released their first album, and here they are, houndmouth, with penitentiary. ♪ ♪ i went to frisco ♪ ♪ i couldn't score a job ♪ ♪ so i did the next best thing ♪ ♪ i learned how to rock ♪ ♪ take the train to houston ♪ ♪ but i couldn't get away from the thriving and diving of the fast times ♪ joorks ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ i'm calling from a pay phone ♪ ♪ i got me a party and we'll do it all again ♪ ♪ come on down ♪ ♪ come on down ♪ ♪ ♪ >> we'll be right back with more music from houndmouth. you're watching "cbs this morning: saturday."ardelli squares mint bark. rich chocolate layers and festive peppermint. a ghirardelli original. ♪ a little reward for all the things you do ♪ get them before they disappear. 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[ female announcer ] if you love natural creamers you'll love coffee-mate natural bliss. it makes coffee delicious with only four simple ingredients -- milk... cream... sugar... ♪ ♪ ...and a touch of flavor. ♪ ♪ simply put it's everything you need for a delicious cup of coffee. coffee-mate natural bliss. coffee's perfect mate. naturally. nestle. good food, good life. wisest kid, am i forgetting something? no holiday's complete without campbell's green bean casserole. wish you were here. ♪ ♪ [ doorbell ] [ gasps ] ♪ ♪ [ gong ] [ wisest kid ] m'm! m'm! good! tomorrow on cbs "sunday morning,". >> just in time for holiday feasting. it's the food show getting the taste of italy's finest cheese and other culinary delights. >> have a great weekend and wonderful thanksgiving everybody. we leave you with more music from houndmouth. this is "come on illinois." ♪ ♪ ♪ come on illinois ♪ ♪ there's a fire in the city ♪ ♪ and we're making noise ♪ ♪ and you're invited ♪ ♪ ♪ -- captions by vitac -- www.vitac.com ♪ ♪ ♪ ♪ ♪ ♪ it's a long way to make it to the border line ♪ ♪ long way to make it to the border line ♪ [ female announcer ] welcome one and all to a tastier festive feast. so much to sip and savor a feeding frenzy to say the least. a turkey from safeway is just what they crave. a hero of the table, "so delicious" they'll rave. fresh, natural, frozen. it's the best selection around. spend $30 and a frozen safeway turkey is just 59 cents a pound. so raise your glass, pull up a chair, grab a plate. this tastier thanksgiving is well worth the wait. safeway. ingredients for life. passengers... and it turns out it was all for nothing. north korea admits to detaining an american. but comes short of answering the one question a bay area family wan their missing chaos at lax. police drew guns at passengers and it was all for nothing. north korea admits to detaining an american but comes short of aions. the $99 test that can predict your future. it's 7 o'clock saturday morning, november 23rd. thanks for joining us. >> let's take you outside to san francisco to get things started after our first rain in quite awhile. we are looking at a calm beautiful weekend. sunny skies in the bay area. highs in the mid 60s. a red flag warning remains
AlabamaUnited-statesAustraliaArlingtonTexasTurkeyChinaHindu-templeIllinoisCaliforniaAustriaSan-diegocalifornia. >> laura: how many women in the top 50? >> that's a really good question. i have never done the math that way. again, does it count that teresa hynes has all of money? >> laura: yes. >> john kerry's name on the list but its his wife's money. hard to sort out how many of these people the money travels through the wife instead of the husband. >> laura: a lot of these people who are wealthy. my view is we want everyone to be wealthy. so i'm against demon mizeizing people who are wealthy because we want more people to be prosperous. they are not going to be out there flaunting their money in the country is hurting because you want to look like you are able to connect with the people. a lot of people are hurting and they see a lot of, you know, fat cats for lack of a better word in congress. >> we have done this for 20 years every year. you will see some fluctuation in value as the stock market comes and goes. >> goes up and down. >> members of congress tends too to do better than the rest of us
Services-lauraMe-one-questionNew-york-times-best-seller-listAllWayMoneyJohn-kerryNameWomenYesMathTeresa-hynescalifornia. >> laura: how many women in the top 50? >> that's a really good question. i have never done the math that way. again, does it count that teresa hynes has all of john kerry's money? >> laura: yes. >> john kerry's name on the list but its his wife's money. hard to sort out how many of these people the money travels through the wife instead of the husband. >> laura: a lot of these people who are wealthy. my view is we want everyone to be wealthy. so i'm against demon mizeizing people who are wealthy because we want more people to be prosperous. they are not going to be out there flaunting their money in the country is hurting because you want to look like you are able to connect with the people. a lot of people are hurting and they see a lot of, you know, fat cats for lack of a better word in congress. >> we have done this for 20 years every year. you will see some fluctuation in value as the stock market comes and goes. >> goes up and down. >> members of congress tends too
Services-lauraMe-one-questionAllWayMoneyJohn-kerryYesMathWomenTeresa-hynesCalifornia50 >> laura: hi, everybody, i'm laura ingraham in tonight for bill o'reilly. thanks for watching us. let's get right to our top story. it was another awful day for the american economy. the stock market dropped about 420 points and americans have lost trillions of dollars in wealth just over the last month. they are losing their money and education retirement funds. their life savings and investment portfolios. simply put, average americans are getting clobbered in the obama economy. there was also more bad news on jobless front. claims are up to 408,000, the highest in a month. despite the dire situation, president obama isn't worried about another recession. >> i don't think we're in danger of another recession, but we are in danger of not having a recovery that's fast enough to deal with what is a genuine unemployment crisis for a whole lot of folks out there. that's why we need to be doing more. >> laura: however, today morgan stanley said that the united states was, quote, dangerously close to a recession and you are calling whom to believe. joining us now from washington fox news business analyst tobin smith and here in new york kelly evan, a columnist for the "wall street journal." >> kelly, my first question to you morgan stanley comes out with this report in these series of comments. it was pretty ugly, pretty dire. the market went down further when this was released. why is morgan stanley coming out with this now. >> what is interesting is that morgan stanley has been the more optimistic on the street. they saw treasury yields and economy doing better in the last couple of years. to me and investors it really indicated this isn't something bearish on the economy yellow flag. san begin we have got to admit risks have got tonight point looks at or near recession. not just talking u.s. talking worldwide. >> laura: the president gives that interview yesterday and he says no we're not going into another recession. when i heard that i said that's the obama jinx. that must mean we are going into the recession. the market goes down 400 points. >> the jinx is my aunt martha calls me and says she selling all her stocks when she did today. the fed are the people giving the forecast that is he following. frankly, the fed's forecast, they have admitted have been dead, dead wrong. we are at stall speed right now, laura. we do a lot of research into demand. we have not fallen off a cliff. we have, if you look at truck loadings or fedex or u.p.s. or other indication how the economy is turning we have not fallen off the cliff. we are at stall. this august meltdown in the stock market takes the top 20% of income earner who's do all the discretionary purchasing in this country really and that puts them back on their heels. so you are going to see a slow august which means you will see a slow september. that means we are right at a negative quarter. >> laura: kelly, how important is this with back-to-school shopping? people are in the stores every store, clothes stores, book stores. we need people to be shopping now for this economy. >> back-to-school the second most important season for retailers. important itself. important for holiday retail this season is back end loaded. what they were hoping because remember they have to push through price hikes. they were pushing for consumer in a better position. what we see now is a consumer on its a hotel. consumer sentiment lowest we have seen in several decades. the problem with the falling stock market once they sense not one or two day declines it goes on top of falling home prices. two most important things for household wealth. it does have a knockdown on spending. show up in the next couple of months show up in the economy. >> laura: sense of gloom, sense among people we are in a prolonged period of economic stagnation, recession, whatever we want to call it today. and, when that happens, a plan or the announcement of a plan, is that going to be enough? if it's not, the president saying you know something? i'm bringing in entirely new economic team. geithner is out. we have x, y and z in place. something different. more bill clintonish but i don't see that happening. >> you don't see that happening because they put themselves in a box. look, it took us 20 years to get where we were with the financial disaster. the financial disaster happened, we know from history, laura, throughout the last 500 years when you have a balance sheet recession, which is what was -- what we have, it takes 8 to 10 years to work through it. now, no one wants to tell you that to your face, but that is the fact. to shorten that time frame, laura, we would have needed to see some massive changes. massive changes in terms of incentives to get back in investing. instead, we got massive incentives not to invest. that's what's taking taken a bad situation and made it worse. >> laura: my friend marty ryan bought counter tops. family businesses. he said we were just starting to see a real upturn -- uptick. and now these people are screwing it up. he says look i'm not just a business person. i'm not into politics so much. business person. this is the sentiment from business. >> weak sentiment is a problem. it's a problem and i think in order to overcome it you really need to see clarity on the outlook both in terms of growth and in terms of the policy side as well. >> laura: great to see both of you. directly ahead a gallup poll says americans have no confidence in the way president obama is handling the economy. we are going to show you she's numbers. they are disturbing. also, set your dvr's to the most controversial segment of the evening. a day after republican congressman allen west says the democratic party has treated african-americans like slaves. congressman charlie rangel responds. you are not going to want to we used to bet who could get closest to the edge. took some crazy risks as a kid. but i was still over the edge with my cholesterol. anyone with high cholesterol may be at increased risk of heart attack. diet and exercise weren't enough for me. i stopped kidding myself. i've been eating healthier, exercising more, and now i'm also taking lipitor. if you've been kidding yourself about high cholesterol...stop. 80% of people who have had heart attacks have high cholesterol. lipitor is a cholesterol lowering medication, fda approved to reduce the risk of heart attack and stroke in patients who have heart disease or risk factors for heart disease. [ female announcer ] lipitor is not for everyone, including people with liver problems and women who are nursing, pregnant or may become pregnant. you need simple blood tests to check for liver problems. tell your doctor if you are taking other medications or if you have any muscle pain or weakness. this may be a sign of a rare but serious side effect. great ride down. if you have high cholesterol, you may be at increased risk of heart attack and stroke. don't kid yourself. talk to your doctor about your risk and about lipitor. >> laura: only 11% are now satisfied and it hasn't been that low since just after president obama was elected in december 2008. and americans don't seem to to be happy with how the president is handling the economy either. check this out. only 26% approve. that's a new low. down 11 points since may and way below his previous low of 35% in november 2010. 71% of americans disapprove. and it doesn't get better from there. only 24% support his handling of the federal budget deficit with 71% disapproving. only 29% approve of his job creation efforts. 65% disprove. with us now the man responsible for the poll, dr. frank newport, gallup's editor in chief. those are some brutal numbers. >> pretty depressiving. those are pretty bad numbers. a lot of numbers to throw at people at one time. tell us what you know historically this means for incumbent sitting president? >> excellent question. the key is his overall approval rating. which is 40% today. the president wants to have probably about 50% to get reelected. we have had 10 presidents since world war ii who have tried to get reelected. seven were re-elected three weren't. george w. bush had approval rate -- basically 10 points higher than where he is now. >> laura: when bush left office 2006 republicans lost all those seats and 2008 more seats. president's approval rating then was at about, what, 36? 38? >> weighs down in the 20's before he left office. >> laura: great? how did i forget that. >> george w. bush left lisping out of office. he wasn't there when he got reelected in 2004. in september of 2004 he was at 50%. he was right at the cusp and he beat john kerry. >> laura: right now the economy is the number one issue for everyone. when you look at the numbers, specifically your numbers, tracks other polling numbers as well out there. consistently. how he has handled the economy. that is what has really taken a nose dive. even the handling of let's say afghanistan. that's dropped precipitously since bin laden's killing back in may. >> that's right. although the may reading was art -- not artificially but higher than it had been previously in the obama administration for obvious reasons. if you look at his whole term he has been about where he was in afghanistan previously. you are right the economic ratings are bad. but the americans see the economy as in terrible shape. almost anything we put in front of them right now that relate to the economy, bush, congress, obama, anybody we mention we're going to get bad numbers on the economy right now. number one problem. consumer confidence is terrible. american public is saying we are in bad shape. >> laura: remember, talking to the bush folks in the last couple of years of his second term, and consistently it was well, we don't look at the numbers. the numbers go up, the numbers go down. by point to them consistently was, you know something? you lose influence. when your numbers are where they are. you are not going to have the influence you had before when you say look the public is with me. i'm riding pretty confident right now. you're diminished as a president in those particular areas where your ratings aren't high. i don't think you can keep saying i'm not looking at the numbers. do you think obama is not looking at these numbers? >> of course he is looking at the numbers. of course karl rove looked at the numbers for president bush. teddy roosevelt. history shows presidents, as i think they should be, are very much aware of where they are in polling. pay attention more what the public is saying. there is a lot of wisdom out there in john and jane dough across the land. >> laura: very sour on afghanistan for years. ron paul was pretty much saying pulling more quickly out of afghanistan. >> that's right. at the moment that's way down the list of priorities. you said it a moment ago. it's the economy. and then it's jobs. the deficit but also americans have a a lot of disdain for how congress is working in general. >> laura: congressman terrible numbers lower than obama's. that's lumped in together both republicans and democrats. republicans scoring terribly. >> that's right. after the debt crisis debacle or debate or agreement or however we want to define it congressman approval dropped to 13%, which is tied for the lowest in gallup poll history, goes back many decades on that, but, you are right, it's kind of a pox on all your houses in washington. obama gets dinged. republicans get dinged more than obama and americans get dinged. americans are not very happy with the effectiveness of how things are going on in washington. not so much a partisan concern i think right now. a lot of americans are concerned about confidence. what are they doing? >> laura: when the market dropped 450 one day and 500 the other day. people are saying what the heck is happening here. key independent voting block in the united states caught people in the middle fleeing obama in huge numbers according to your poll. >> well, they are down. but, of course, everybody is down. so a lower tide in the harbor brings the mast of all the ships down. yes, independents are down, not as much as republicans but, that's right. if his overall approval rating is had 0 as opposed to 50 independents are going to be down. >> laura: independents are critical for both parties but he is the man in the white house now and he needs some of those independents. >> absolutely. if his approval rating were to rise back to 50. that's primarily going to be the result of the economy if it were to recover next year in jobs independents would come up with it. approval rating goes most of the time independents go with it. >> laura: i have never been polled. >> you have not? >> laura: never. >> i would say your chances of getting hit by lightning dr. george gallup head of our company polled 300 million americans. >> laura: email us with your opinion dr. any port. two are going to respond to the president's dismal poll numbers. the segment everyone is going to be talking about tomorrow. actor allen west charges the democratic party with treating black americans like slaves congressman charlie rangel enters the no spin zone to respond coming up. ♪ [ mrs. davis ] i want to find a way to break through. to make science as exciting as a video game. i need to reach peter, who's falling behind. and push janet who's 6 chapters ahead. ♪ [ male announcer ] with interacve learning solutions from dell, mrs. davis can make education a little more personal. so every student feels like her only student. dell. the power to do more. >> laura: continuing now with our analysis of the new gallup poll on president obama. does it indicate a collapse of confidence in the president? well, at the very least some folks are frustrated. take a look at what happened yesterday when a farmer told the president he didn't want government bureaucrats telling him how to grow his food. >> we enjoy growing corn and soy beans and we feel we do it as safely and efficiently as we possibly can. please don't challenge us with more rules and regulations, washington, d.c., that hinder us from doing that. >> if you hear something is happening but it hasn't happened, don't always believe what you hear. >> laura: that answers the question. is it wise for the president to be dismissive of these concerns? with us now democratic strategist and former pollster for president clinton. i understood this bus tour was not political. okay i will take him at face value not political. but it was intended to put the president in a situation where he got to understand the concerns of people, working people, to empathize with their concerns. that's fair, that's fine. i think he had a concern as a farmer. he seemed like kind of a regular guy. i'm not sure -- tea party guy. do you think that answer to his point that look, the regulations are killing us basically what he said? do you think that was a wise answer, bernard? >> i think what the president needs to do and he needs to get out of washington. he needs to go out on the -- bus tour exactly what's needed. he should be out of washington all of september. what he should be talking about is the job creation plan which is cutting taxes, extending the payroll tax holiday for employees and employers to that. cutting regulation. he should talk about streamlining the patent approval process getting trade agreements passed and -- >> laura: is he blocking the free trade agreements now. that's not exactly right how you just presented that putting that aside, do you think the president handled that particular question well? did that make the president seem empathetic to this man's concern? >> i think that the president needs to be far more aggressive in explaining that the pass job creation in this country. >> laura: that's not what the guy asked. the guy asked about regulation. the president didn't either know what he was talking about and the president didn't answer his concern. >> i don't think the president was being dismissive at all. first of all the department of transportation just announced no new regulations on agricultural vehicle. that was announced recently in the agricultural industry was very grateful for that. >> laura: if he might have said that maybe if that true is is the case, maybe the president could have said that. >> we didn't hear the whole sound. i think the president did elucidate further. >> laura: no. not to that extent. we have to be balanced here good regulations protect people and businesses. ask anyone who has salmonella how they feel about food safety inspectors. certainly they play an important role. >> laura: i wring this up because again i understand what the president and advisors said this bus tour was about. i get it, understand. both sides say it's not political. always politics in everything. i think it's a real question. does the president appear to understand the concerns of small business owners? medium size business owners? farmers how they live their daily lives? he has just landed in martha's vineyard, okay? i have been to martha's vineyard, beautiful place, nice place. nice place to go. is that the right optics right now at this time when the market dropped 450 points and people struggling? would you advise him to do that bernard? >> presidents always take vacations in august. always subject of attack. i think what we really ought to focus on is the differences between this president and the republicans in congress which are held hostage by the tea party which the tea party would sacrifice. >> laura: do you know how ridiculous this sounds, bernard? >> tea party short-term economic gain. >> laura: democratic strategist holding up the tea party as the most transformative guy to ever run for the presidency. that's what we are told. new politics, changing politics, bringing people together. we have 9.2% unemployment. you guys had the congress and the senate filibuster-proof senate for two years and the presidency. you had two years to pass the budget, couldn't do it. so you are going to blame the tea party for the first two years, too? >> no. what we are going to talk about right now is the fact that the tea party has made it very clear that they run the republican party. >> laura: i must have missed that memo. >> absolutely refuse to pass any legislation that had an ounce of revenue increases, even if it was a 10 to 1 spending cut. >> laura: go home and be quiet? who is more in line with the way regular families are thinking about things this day the tea party or president obama. >> president obama. two thirds of the american public made it very clear they want to see a combination of spending cuts and revenue increases and the paper said no, no, no. >> the tea party's approval ratings are just as low. they are actually much lower than president obama's. >> laura: first of all, the tea party is not an individual. okay? it's a group of people. >> they do not represent every american. >> laura: all over the country. i have met some of these guys and gals. they are different people. some people stress economics, some have views on immigration. the tea party? >> that's what they call themselves the tea party. i am referring to the name they call themselves. >> laura: if i'm sitting where you are sitting tonight, i'm thinking, gosh, this guy better turn it around. okay? because the tea party ain't going to save you guys. >> laura, you have to admit this, the president has major challenges because the republican party has made the political calculus mitch mcconnell by his own words said our number one priority is to make sure is he a one-term president. well, if that's your number one priority, then job creation should be the number one priority of the republican party. >> laura: should be we are out of time. >> job creation. >> laura: i think it is. but they think he must go. >> voters trust 420725 over -- what other president in his third year had an approval rating where obama is ronald reagan 43% august of 1983 went on a landslide in the direction. >> laura: where was the economy going at that point? that economy was skyrocketing up at that point. >> thank you so much for being with us. wish we had more time. as the factor moves along this evening, we will take to you martha's vineyard while the president is on vacation while the economy tanks. first, fasten your seat belts, most controversial story of the night, day one after black conservative congressman colonel allen west accused democratic party of acting like plantation owners. liberal congressman charlie rangel enters the no spin zone and responds with a vengeance. we hope you stay [ male announcer ] this is coach parker... whose non-stop day starts with back pain... and a choice. take advil no and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ way to go, coach. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. >> laura: in the factor follow up segment tonight, the republican presidential candidates are hitting the campaign trail hard this week. and congresswoman michele bachmann is making this promise if she is elected. >> the day that the president became president gasoline was $1.79 a gallon. look at what it is today. under president bachmann, you will see gasoline come down below $2 a gallon again. that will happen. [ applause ] >> laura: meantime governor perry was greeted by unfriendly audience in new hampshire. >> ask him why he doesn't believe in science. [inaudible] >> hands off our medicare! hands off our medicare! >> laura: joining us from washington is fox news chief political correspondent carl cameron who is monitoring the g.o.p. races and from martha's vineyard that's a tough assignment fox news white house correspondent ed henry. good to see you. ed, i want to start with you. >> good to see you. >> laura: optics being seen by some and this often by president taking vacation in difficult times. the stock market took a big nose dive today. the numbers from gallup are terrible for the president. what's the new news on this visit from martha's vineyard. anyone rethinking it? >> well, no. they are saying he is going to go ahead and stay for the entire 10 days. it definitely is risky politically. i think we do have to add the context of the fact that look i was in crawford, texas when the pakistani prime minister was tragically assassinated and president bush had to interrupt a vacation. i was in honolulu with president obama when there was an attempted terror attack in detroit on christmas day a couple years ago. that vacation was interrupted. so my point is that presidents can't get away from the presidency. so, he is still going to be working at least a little here. is he going to have an economic aide here briefing him every day. he is going to have a national security aide john brennan briefing him and making sure he is on top of national security. the optics are very difficult for this president right now. the last thing they wanted was on the day that he lands here for the big dow dive because that certainly hurts on the optics. i think the comparison might be, look, people largely look the other day when george w. bush vacationed a lot. a lot more than this president by the way. it was relatively calm economic times. president bush's father h.w. bush was in awful economic times. weighs vacationing kenny bunk port near here and he paid a price in 1992. >> laura: think this news is what it is and you are in a place like martha's vineyard not like crawford texas, the rich and famous go there and hobnobbing. let's go to what happened in the campaign trail. bachmann and perry. bachmann promises low gas prices very low. perry getting hit by that mom who was coaching her child to ask questions about the age of the earth and so forth. perry tell us about it. >> perry picked up on it immediately. the young boy asked how old is earth? perry said he didn't know. and then said to the young boy i think what your mom wants to know is about evolution. and he went on to say that evolution is a theory and in texas they teach creationism. and as the boy and perry were sort of parting company you can hear the mom say ask him why he doesn't trust science? ask him if he believes this science? typical new hampshire mischief mom and son going after the candidate. perry has had a mixed reviews from campaign trip. and attempts at retail on the streets of porth smith which is a liberal part of new hampshire he got hit by a group democratic activists part of an organization that actually said they were going to go there to demonstrate against him. bachmann we have reached a point where some of her misstatements and video sin crazies video sin crazies. >> she was in south carolina today to capitalize on the big win at the iowa straw poll. by capitalize cash in. put the money in the bank. working on bundling operation to wrack in big bucks. she, too, has had whether it's gas prices at $2 which is going to be a hard promise to keep or some the anizations that her security has been too rough on reporters and actually kept her away from the peeps on some occasions. >> laura: we have seen the reports wearing big knee on t-shirts with security on them. i'm not sure that's that big of a story. come on, carl. you can take rough stuff. >> has nothing to do with her quality to be president, either. >> laura: exactly. talking about surrogates for obama who is already out there. the president is vacationing. arne duncan secretary of education. he gave interview it's going to air tomorrow. we have a clip from it. he talked about texas and texas education. let's listen. >> you have had no harcher critic than governor rick perry of texas. how does texas stack up over the last 10 years in education? >> texas has really struggled. i feel very, very badly for the children there texas may have the highest high school dropout rate or, i'm sorry, the high -- the lowest high school graduation rate in the country. far too few are actually prepared to go on to college. >> laura: ed, obama might not be talking a lot about perry. well, he just hit the campaign trail. i will be easy on him but the surrogates are out there. >> they are. in fairness he was responding to a question. this is energetic education secretary who has been working pretty hard. i interviewed him before. evidence is all over this issue. you are right in the sense that, you know, he could have maybe not hit back quite as hard. and not engaged but, he decided to do that. and i think it's clear, it's amusing because i have heard so many people in the obama world saying we're not engaging with any of these kinds. we are not going to get into it. later on in that interview secretary duncan just saying i feel bad for these kids in texas. it's not about the governor. i think he is a sincere guy at the same time i think there was some crocodile tears there because if they can dump on rick perry they will. >> laura: i feel very very very badly for the kids of texas. we appreciate it thanks. next up most explosive segment of the east coast. as charlie rangel responds to accusations from conservative congressman allen west that the democratic party treats african-americans like slaves. right back with it. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the cc. and every volkswagen includes scheduled carefree maintenance. that's the power of german engineering. right now lease the volkswagen cc sport for just $289 a month. ♪ visit vwdealer.com today. >> laura: thanks for staying with us. i'm laura ingraham in tonight for bill o'reilly. in the unresolved problem segment tonight, a huge reaction to a segment we did last night on the factor about frustration in some parts of the african-american community with president obama. as we mentioned, the black unemployment rate in the united states is now at about 16%. which is a lot higher than the overall unemployment rate which is about 9%. we spoke with florida republican congressman allen west who leveled some very serious charges against the entire democratic party. >> you have this 21st century plantation that has been out there where the democrat party has forever taken the black vote for granted. and you have established certain black leaders who are nothing more than the oversearing of that plantation and now the people on that plantation are upset because they have been disregarded, disrespected, their concerns are not cared about. look at the devastation in the black communities. you look at what has happened to the inner cities of chicago or detroit. >> laura: with us now to respond new york democratic congressman charlie rangel, a long time member of the congressional black caucus. congressman, it's great to see you. i know you watched last night. you have some thoughts. what are they? >> i'm really surprised at congressman west going back to harriett tubman who was historic figure during slavery time and i know he is new and is he a freshman and -- before you get before an election is very important. he doesn't come from a political party ha can ridicule plantations and that type of thing. i really think at this time with the unemployment that you have recently shown it's not just blacks even though we doubled the national average, but it's every american. they are fed up with us down in washington fighting each other. all we have to do is come together on job creation, then we can go on and fight. there is plenty of things to fight about. >> laura: there certainry are. you are saying that congressman west, african-american, cannot use a plantation analogy? he is not allowed to use that? i'm trying to figure out what words we can use and can't use. >> what do you mean we can't? are you confused about whether or not you can use plantation black republican? >> laura: substance what he says very clear. walter williams, tom seoul, i guess they are not authentically black either they can't say that they also made similar analogies. let me finish, sir. >> okay. >> laura: basically said the war on poverty might have been started with a great deal of good intentions has been an utter failure for many minority communities in the united states in the inner city and the school system. we have seen increasing problems. both within the family, within unemployment, across the board problems. has the war on poverty been a success in your mind? >> now, this something entirely different. >> laura: no, it's actually all tied together. >> you were talking about harriett tubman and plantations. >> laura: it's a criticism. it's a substantive criticism. >> i don't care what he says. if you want to deal with the fact that something worked, then you are 100% right. we can talk about unemployment. >> laura: has it worked? >> no. but why. >> laura: is liberalism working for the black community right now. >> i swear i wish i knew. you got a whole lot of different things. if you want to talk about the empowerment zonel which i passed and we have them all over the united states. that has worked. >> laura: you won't answer the question. >> no. a liberal congressman can serve. >> laura: brought about a number of larger government programs that promised empowerment to the inner city. poor people, minorities, did it work? it's an objective question. did it work? >> listen, you -- this republican wants to talk about plantations and. >> laura: he is missing the point. >> he is now you want to make the point about lyndon johnson war against poverty. we are going through a period of today of high unemployment. >> laura: what has liberalism done for you lately? what pass president obama done for the black community in two and a half years? i think that's a very serious question. i think it's an important question. >> you haven't asked that. have you asked a half a dozen questions. >> laura: you seem to want to quarrel with the wording of questions instead of get to the substance of the question. i'm really delighted you came on. >> listen, i'm glad i came, too. >> laura: let's try to start over. >> okay. now, forget all the tubman plantation and all of that. >> laura: al ledge west was making a very provocative point. people have used colossal language on the left and the right. both have. maxine waters is clearly very fru frustrate with the president. she let loose on him yesterday saying look he is not coming into any black communities. coming at it from her perspective. allen west is coming at it from his. i would ask you, has the president's economic plan, have they panned out for minority communities especially? >> heck no. because the republicans made up their mind and as soon as he got elected. >> laura: okay. >> laura: would. >> thank you so much. your countries sound like little mini questions. >> laura: maybe you don't get real questions from real people i don't know. >> this your show but what about real answers? >> laura: had you a democratic house, a filibuster-proof senate and white house in democratic hands. you had that for the first two years. can't blame republicans for those two years or can you? >> we can say what the man inherited if you would permit me to say it. >> laura: those two years you were fully in charge no republican house. did it work out? >> we had two wars that we shouldn't have been in. >> laura: bush's fault? >> let me say this that bill o'reilly told me he had a secret weapon. i didn't know it was just a pretty girl that he would bring in. >> laura: that's condescending sir. a pretty girl. these are serious questions. >> you have asked me 50 questions. >> laura: right. >> i'm begging you. >> laura: let's hear an answer. you are not answering any of the questions. >> i'm begging you to leave on the plantation stuff and this. >> laura: we have moved beyond the plantation. >> leave out johnson and the poverty program. >> laura: that's actually a serious question. >> and just ask me one question at a time. >> laura: i have asked four questions and you haven't answered. >> the last question that we had a democratic president who inherited a heck of a deficit. and he inherited a couple of wars. and then after we lost the majority in the house, i think it's safe to say that the republicans took the position that their primary objective was not to work with him but to get rid of obama. even while we wait now waiting for the vacation for job program. >> laura: should the president have taken a vacation? >> we have a dozen dozen bills that we have brought out. >> laura: you guys haven't passed a budget, sir in 600, 700, 800 days when the democrats had the opportunity to pass a budget. >> i want to let you know one thing. people in america who are unemployed aren't thinking about your budget. they are thinking about getting a job. >> laura: i'm not in congress. you are in congress. >> people out of work. lost their homes. >> laura: maybe they are looking at washington. >> this is how the republican. -they did then 00 republican thing. this is what happened. this is what we inherited. >> laura: congressman, at some point does the buck stop at the white house? >> it does but we can't say that we didn't inherit a lousy economy. high unemployment. a hi def sit. >> laura: why was he elected? he was elected because he had ideas. >> you bet. >> laura: you lost in the mid terms like it happens. people are up. people are down. no doubt about it. >> there was an assumption that republicans would put the country above their politics. it was clear the polls see it clearly that republicans would rather this country go down in detaught and international obligation. >> laura: you are questioning their patriotism. >> i'm questioning the fact that they were prepared to allow the country to go and they admit this and they were on television saying it. >> laura: who is they? >> they are the candidates that are running against obama. >> laura: congressman actually in the end the debt ceiling was raised and the president signed the bill, sir. >> did you see any of the 10 candidates he asked them. >> laura: talk about the candidates. you will not answer a simple question. has obama worked for the inner city? >> no. >> laura: good. that's a great answer. that's a truthful and good answer. >> and the country hasn't worked for the country either. and it's not just the inner cities. we have got white people, middle class people whose dreams have been shattered. >> laura: i agree with you. >> i'm not talking about the bush administration or the obama administration. no one cares which administration it was. america is made of people who dream and have hope that they can have a better life. that was snatched interest them and obama has not restored that hope that was taken from them by george bush. >> laura: thank you, congressman. >> i have to quit? >> laura: i wish we had the whole hour. >> i would love to come back. i'm sorry that i said you were attractive. i withdraw that completely. >> laura: i was going to make a joke about the condo in the dominican republic i didn't make that out of respect for you. he should have taken your condo instead of gone to martha's vineyard. >> the condo actually wasn't worth that much money. >> laura: name names even though they wish we wouldn't. they wish we wouldn't. what a fun segment you could save a bundle with geico's multi-policy discount. geico, saving people money on more than just car insurance. ♪ geico, saving people money on more than just car insurance. [ male announcer ] this is what it's like getting an amazing discount on a hotel with travelocity's top secret hotels. the easy way to get unpublished discounts of up to 55% off top hotels. harpist not included. ♪ >> laura: in the back of the book segment tonight a factor exclusive, which members of congress are living large and worth tens if not hundreds of millions of dollars. we have brand new list exclusivery from our friends at "roll call." in the top ten there are seven democrats and three republicans. coming in at the top of the list is g.o.p. congressman from texas michael mechanical. is he worth mccall. $294 million. darrell issa number two about $220 million. john kerry is number three worth nearly 200 million but mostly his wife's money. and democrat jay rockefeller from west virginia with a name like rockefeller you have to be rich he is number four with almost 82 million. of course, he didn't earn that he inherited it from his family who made a lot of dough in oil. joining us now from washington is paul singer, the associate editor at "roll call." paul, people love lists. the list issues always do really well. tell us how michael mccall made his money. most people don't know who he is tell us about him. >> sorry to tell you it's a result of his wife. his wife is the daughter of the founder of clear channel communications. and what has been happening is mccaul shot to the top of the list this year they have been inheriting chunks of this money overtime. five years ago he was worth maybe 12, $15 million. going up by big chunks this year. this year it zings to the list of 12 of 50 richest. >> laura: a lot of your numbers are going to have be revised downward after the last month of the obama economy. >> keep in mind all these numbers are ridiculous. the fact of the matter is they report them in large sort of bland categories that don't tell you much. something might be listed between 1 and $5 million. some might be listed as over a million. that could be a billion. we think john kerry is probably the richest guy in congress. you don't see it because of how it's reported. all of his wife's money. she doesn't have to report the wife's detail. >> laura: people watching this might be surprised most of the people in the top ten are democrats. seven democrats, three republicans, right? >> yeah. well we did the top 50 and it's 31 republicans and 19 democrats. the top 10, as you said is 7 democrats and 3 republicans. again, because categories are sort of amalleable, it's hard to put anyone in any specific spot. these are all minimum net worth. they could be -- >> laura: who is the oddest story? is there anyone of the top earners or inheriters who have con conventional path to wealth? >> one of our favorites is herb kohl is usually listed as the poorest member of congress because liabilities outweigh the value of his basketball team. jared from colorado who became internet millionaire with blue mountain greeting cards online. basically most of these people made their money the old fashioned way. he they inherited it or married it. >> laura: how about darrell issa. >> he made his first million in this automobile protection, you know, the car alarm, viper. but he is now converted his money into real estate. and you'll see this year his apparent wealth has basically doubled. and the reason is, again, he had a bunch of it in one big pile before, now he has gone out and moved some of those piles into various littler piles they add up to more. a bunch of buildings in california. >> laura: how many women in the top 50? >> that's a really good question. i have never done the math that way. again, does it count that teresa hynes has all of money? >> laura: yes. >> john kerry's name on the list but its his wife's money. hard to sort out how many of these people the money travels through the wife instead of the husband. >> laura: a lot of these people who are wealthy. my view is we want everyone to be wealthy. so i'm against demon mizeizing people who are wealthy because we want more people to be prosperous. they are not going to be out there flaunting their money in the country is hurting because you want to look like you are able to connect with the people. a lot of people are hurting and they see a lot of, you know, fat cats for lack of a better word in congress. >> we have done this for 20 years every year. you will see some fluctuation in value as the stock market comes and goes. >> goes up and down. >> members of congress tends too to do better than the rest of us does. >> laura: pinheads and patriots next. guy called the situation on the jersey shore? 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[ male announcer ] if you're in a ford f-150 and you see this... it's the end of the road. the last hurrah. it's when ford's powertrain warranty ends. but in is ram truck, youe still got 39,999 miles to go. ♪ guts. glory. ram. ♪ . >> laura: finally, pinheads and patriots. are you familiar with the situation? tell me no. he's one of the stars of the mtv reality show the jersey shore. evidently abercrombie & fitch has offered cash to the situation to not wear any of its clothing ever again. the imus crew on fox business debated it. >> they should be happy. he's a well groomed dude. he's got his hair clipped, tanned up, clearly looks waxed. >> more people hate those low lives than like them. he's hurting their bran. >> why are you they watching the show? >> more people don't watch than do watch. >> you can say that about almost any television show. they have the best demos. >> casey anthony wore abercrombie & fitch you think they would be happy? >> let's put them in the same -- >> everybody is watching. >> please a child murderer and some guy trying to make the world a better place. >> laura: i love the imus crew those are my pepps. attention abercrombie part of what peeks the situation the situation is he normally doesn't wear much clothing at all. for cheap publicity the abercrombie folks are total pinheads. >> now something very patriotic. the bolder fresher tour. the show on long island this weekend. for more information on bolder fresher.com. monday premium members will see exclude sieve video from the tour. while you are -- considering that, consider buying my new book five weeks on the new york times best seller list. available at lauraingraham.com signed. thanks for watching. i'm in for bill o'reilly. remember the spin stops here. we are always, always looking we are always, always looking out for you. closed captioned by closed captioning services, inc.
New-yorkUnited-statesNew-hampshireGermanyTexasAfghanistanDominican-republicFloridaHonoluluHawaiiCaliforniaWashington while many americans are struggling to make ends meet, some members of congress are raking in the dough. we have the list of the richest ones. >> laura: caution, you are about to enter the no spin zone, the factor begins right now. captions by closed captioning services >> laura: hi, everybody, i'm laura ingraham in tonight for bill o'reilly. thanks for watching us. let's get right to our top story. it was another awful day for the american economy. the stock market dropped about 420 points and americans have lost trillions of dollars in wealth just over the last month. they are losing their money and education retirement funds. their life savings and investment portfolios. simply put, average americans are getting clobbered in the obama economy. there was also more bad news on jobless front. claims are up to 408,000, the highest in a month. despite the dire situation, president obama isn't worried about another recession. >> i don't think we're in danger of another recession, but we are in danger of not having a recovery that's fast enough to deal with what is a genuine unemployment crisis for a whole lot of folks out there. that's why we need to be doing more. >> laura: however, today morgan stanley said that the united states was, quote, dangerously close to a recession and you are calling whom to believe. joining us now from washington fox news business analyst tobin smith and here in new york kelly evan, a columnist for the "wall street journal." >> kelly, my first question to you morgan stanley comes out with this report in these series of comments. it was pretty ugly, pretty dire. the market went down further when this was released. why is morgan stanley coming out with this now. >> what is interesting is that morgan stanley has been the more optimistic on the street. they saw treasury yields and economy doing better in the last couple of years. to me and investors it really indicated this isn't something bearish on the economy yellow flag. san begin we have got to admit risks have got tonight point looks at or near recession. not just talking u.s. talking worldwide. >> laura: the president gives that interview yesterday and he says no we're not going into another recession. when i heard that i said that's the obama jinx. that must mean we are going into the recession. the market goes down 400 points. >> the jinx is my aunt martha calls me and says she selling all her stocks when she did today. the fed are the people giving the forecast that is he following. frankly, the fed's forecast, they have admitted have been dead, dead wrong. we are at stall speed right now, laura. we do a lot of research into demand. we have not fallen off a cliff. we have, if you look at truck loadings or fedex or u.p.s. or other indication how the economy is turning we have not fallen off the cliff. we are at stall. this august meltdown in the stock market takes the top 20% of income earner who's do all the discretionary purchasing in this country really and that puts them back on their heels. so you are going to see a slow august which means you will see a slow september. that means we are right at a negative quarter. >> laura: kelly, how important is this with back-to-school shopping? people are in the stores every store, clothes stores, book stores. we need people to be shopping now for this economy. >> back-to-school the second most important season for retailers. important itself. important for holiday retail this season is back end loaded. what they were hoping because remember they have to push through price hikes. they were pushing for consumer in a better position. what we see now is a consumer on its a hotel. consumer sentiment lowest we have seen in several decades. the problem with the falling stock market once they sense not one or two day declines it goes on top of falling home prices. two most important things for household wealth. it does have a knockdown on spending. show up in the next couple of months show up in the economy. >> laura: sense of gloom, sense among people we are in a prolonged period of economic stagnation, recession, whatever we want to call it today. and, when that happens, a plan or the announcement of a plan, is that going to be enough? if it's not, the president saying you know something? i'm bringing in entirely new economic team. geithner is out. we have x, y and z in place. something different. more bill clintonish but i don't see that happening. >> you don't see that happening because they put themselves in a box. look, it took us 20 years to get where we were with the financial disaster. the financial disaster happened, we know from history, laura, throughout the last 500 years when you have a balance sheet recession, which is what was -- what we have, it takes 8 to 10 years to work through it. now, no one wants to tell you that to your face, but that is the fact. to shorten that time frame, laura, we would have needed to see some massive changes. massive changes in terms of incentives to get back in investing. instead, we got massive incentives not to invest. that's what's taking taken a bad situation and made it worse. >> laura: my friend marty ryan bought counter tops. family businesses. he said we were just starting to see a real upturn -- uptick. and now these people are screwing it up. he says look i'm not just a business person. i'm not into politics so much. business person. this is the sentiment from business. >> weak sentiment is a problem. it's a problem and i think in order to overcome it you really need to see clarity on the outlook both in terms of growth and in terms of the policy side as well. >> laura: great to see both of you. directly ahead a gallup poll says americans have no confidence in the way president obama is handling the economy. we are going to show you she's numbers. they are disturbing. also, set your dvr's to the most controversial segment of the evening. a day after republican congressman allen west says the democratic party has treated african-americans like slaves. congressman charlie rangel responds. you are not going to want to miss this coming up. my whole body hurt. it was an ongoing, deep pain. i didn't understand it. i found out that connected to our muscles are nerves that send messages through the body. my doctor diagnosed it asibromyalgia -- thought to be the result of overactive nerves that cause chronic, widespread pain. lyrica is believed to calm these nerves. i learned lyrica n provide significant relief from fibromyalgia pain. and less pain means, i can feel better and do more of what matters. [ female announcer ] lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell yo doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including urry vision, or muscle pain with fever or tirefeeling. common side effects are dizziness, sleepiness, weight gain and swng of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. i found answers about fibromyalgia. then i found lyrica ask your doctor about lyrica today. >> laura: only 11% are now satisfied and it hasn't been that low since just after president obama was elected in december 2008. and americans don't seem to to be happy with how the president is handling the economy either. check this out. only 26% approve. that's a new low. down 11 points since may and way below his previous low of 35% in november 2010. 71% of americans disapprove. and it doesn't get better from there. only 24% support his handling of the federal budget deficit with 71% disapproving. only 29% approve of his job creation efforts. 65% disprove. with us now the man responsible for the poll, dr. frank newport, gallup's editor in chief. those are some brutal numbers. >> pretty depressiving. those are pretty bad numbers. a lot of numbers to throw at people at one time. tell us what you know historically this means for incumbent sitting president? >> excellent question. the key is his overall approval rating. which is 40% today. the president wants to have probably about 50% to get reelected. we have had 10 presidents since world war ii who have tried to get reelected. seven were re-elected three weren't. george w. bush had approval rate -- basically 10 points higher than where he is now. >> laura: when bush left office 2006 republicans lost all those seats and 2008 more seats. president's approval rating then was at about, what, 36? 38? >> weighs down in the 20's before he left office. >> laura: great? how did i forget that. >> george w. bush left lisping out of office. he wasn't there when he got reelected in 2004. in september of 2004 he was at 50%. he was right at the cusp and he beat john kerry. >> laura: right now the economy is the number one issue for everyone. when you look at the numbers, specifically your numbers, tracks other polling numbers as well out there. consistently. how he has handled the economy. that is what has really taken a nose dive. even the handling of let's say afghanistan. that's dropped precipitously since bin laden's killing back in may. >> that's right. although the may reading was art -- not artificially but higher than it had been previously in the obama administration for obvious reasons. if you look at his whole term he has been about where he was in afghanistan previously. you are right the economic ratings are bad. but the americans see the economy as in terrible shape. almost anything we put in front of them right now that relate to the economy, bush, congress, obama, anybody we mention we're going to get bad numbers on the economy right now. number one problem. consumer confidence is terrible. american public is saying we are in bad shape. >> laura: remember, talking to the bush folks in the last couple of years of his second term, and consistently it was well, we don't look at the numbers. the numbers go up, the numbers go down. by point to them consistently was, you know something? you lose influence. when your numbers are where they are. you are not going to have the influence you had before when you say look the public is with me. i'm riding pretty confident right now. you're diminished as a president in those particular areas where your ratings aren't high. i don't think you can keep saying i'm not looking at the numbers. do you think obama is not looking at these numbers? >> of course he is looking at the numbers. of course karl rove looked at the numbers for president bush. teddy roosevelt. history shows presidents, as i think they should be, are very much aware of where they are in polling. pay attention more what the public is saying. there is a lot of wisdom out there in john and jane dough across the land. >> laura: very sour on afghanistan for years. ron paul was pretty much saying pulling more quickly out of afghanistan. >> that's right. at the moment that's way down the list of priorities. you said it a moment ago. it's the economy. and then it's jobs. the deficit but also americans have a a lot of disdain for how congress is working in general. >> laura: congressman terrible numbers lower than obama's. that's lumped in together both republicans and democrats. republicans scoring terribly. >> that's right. after the debt crisis debacle or debate or agreement or however we want to define it congressman approval dropped to 13%, which is tied for the lowest in gallup poll history, goes back many decades on that, but, you are right, it's kind of a pox on all your houses in washington. obama gets dinged. republicans get dinged more than obama and americans get dinged. americans are not very happy with the effectiveness of how things are going on in washington. not so much a partisan concern i think right now. a lot of americans are concerned about confidence. what are they doing? >> laura: when the market dropped 450 one day and 500 the other day. people are saying what the heck is happening here. key independent voting block in the united states caught people in the middle fleeing obama in huge numbers according to your poll. >> well, they are down. but, of course, everybody is down. so a lower tide in the harbor brings the mast of all the ships down. yes, independents are down, not as much as republicans but, that's right. if his overall approval rating is had 0 as opposed to 50 independents are going to be down. >> laura: independents are critical for both parties but he is the man in the white house now and he needs some of those independents. >> absolutely. if his approval rating were to rise back to 50. that's primarily going to be the result of the economy if it were to recover next year in jobs independents would come up with it. approval rating goes most of the time independents go with it. >> laura: i have never been polled. >> you have not? >> laura: never. >> i would say your chances of getting hit by lightning dr. george gallup head of our company polled 300 million americans. >> laura: email us with your opinion dr. any port. two are going to respond to the president's dismal poll numbers. the segment everyone is going to be talking about tomorrow. actor allen west charges the democratic party with treating black americans like slaves congressman charlie rangel enters the no spin zone to respond coming up. ♪ [ mrs. davis ] i want to find a way to break through. to make science as exciting as a video game. i need to reach peter, who's falling behind. and push janet who's 6 chapters ahead. ♪ [ male announcer ] with interacve learning solutions from dell, mrs. davis can make education a little more personal. so every student feels like her only student. dell. the power to do more. [ male announcer ] this is our beach. ♪ this is our pool. ♪ our fireworks. ♪ and our slip and slide. you have your idea of summer fun, and we have ours. now during the summer event get an exceptionally engineered mercedes-benz for an exceptional price. but hurry, this offer ends august 31st. >> laura: continuing now with our analysis of the new gallup poll on president obama. does it indicate a collapse of confidence in the president? well, at the very least some folks are frustrated. take a look at what happened yesterday when a farmer told the president he didn't want government bureaucrats telling him how to grow his food. >> we enjoy growing corn and soy beans and we feel we do it as safely and efficiently as we possibly can. please don't challenge us with more rules and regulations, washington, d.c., that hinder us from doing that. >> if you hear something is happening but it hasn't happened, don't always believe what you hear. >> laura: that answers the question. is it wise for the president to be dismissive of these concerns? with us now democratic strategist and former pollster for president clinton. i understood this bus tour was not political. okay i will take him at face value not political. but it was intended to put the president in a situation where he got to understand the concerns of people, working people, to empathize with their concerns. that's fair, that's fine. i think he had a concern as a farmer. he seemed like kind of a regular guy. i'm not sure -- tea party guy. do you think that answer to his point that look, the regulations are killing us basically what he said? do you think that was a wise answer, bernard? >> i think what the president needs to do and he needs to get out of washington. he needs to go out on the -- bus tour exactly what's needed. he should be out of washington all of september. what he should be talking about is the job creation plan which is cutting taxes, extending the payroll tax holiday for employees and employers to that. cutting regulation. he should talk about streamlining the patent approval process getting trade agreements passed and -- >> laura: is he blocking the free trade agreements now. that's not exactly right how you just presented that putting that aside, do you think the president handled that particular question well? did that make the president seem empathetic to this man's concern? >> i think that the president needs to be far more aggressive in explaining that the pass job creation in this country. >> laura: that's not what the guy asked. the guy asked about regulation. the president didn't either know what he was talking about and the president didn't answer his concern. >> i don't think the president was being dismissive at all. first of all the department of transportation just announced no new regulations on agricultural vehicle. that was announced recently in the agricultural industry was very grateful for that. >> laura: if he might have said that maybe if that true is is the case, maybe the president could have said that. >> we didn't hear the whole sound. i think the president did elucidate further. >> laura: no. not to that extent. we have to be balanced here good regulations protect people and businesses. ask anyone who has salmonella how they feel about food safety inspectors. certainly they play an important role. >> laura: i wring this up because again i understand what the president and advisors said this bus tour was about. i get it, understand. both sides say it's not political. always politics in everything. i think it's a real question. does the president appear to understand the concerns of small business owners? medium size business owners? farmers how they live their daily lives? he has just landed in martha's vineyard, okay? i have been to martha's vineyard, beautiful place, nice place. nice place to go. is that the right optics right now at this time when the market dropped 450 points and people struggling? would you advise him to do that bernard? >> presidents always take vacations in august. always subject of attack. i think what we really ought to focus on is the differences between this president and the republicans in congress which are held hostage by the tea party which the tea party would sacrifice. >> laura: do you know how ridiculous this sounds, bernard? >> tea party short-term economic gain. >> laura: democratic strategist holding up the tea party as the most transformative guy to ever run for the presidency. that's what we are told. new politics, changing politics, bringing people together. we have 9.2% unemployment. you guys had the congress and the senate filibuster-proof senate for two years and the presidency. you had two years to pass the budget, couldn't do it. so you are going to blame the tea party for the first two years, too? >> no. what we are going to talk about right now is the fact that the tea party has made it very clear that they run the republican party. >> laura: i must have missed that memo. >> absolutely refuse to pass any legislation that had an ounce of revenue increases, even if it was a 10 to 1 spending cut. >> laura: go home and be quiet? who is more in line with the way regular families are thinking about things this day the tea party or president obama. >> president obama. two thirds of the american public made it very clear they want to see a combination of spending cuts and revenue increases and the paper said no, no, no. >> the tea party's approval ratings are just as low. they are actually much lower than president obama's. >> laura: first of all, the tea party is not an individual. okay? it's a group of people. >> they do not represent every american. >> laura: all over the country. i have met some of these guys and gals. they are different people. some people stress economics, some have views on immigration. the tea party? >> that's what they call themselves the tea party. i am referring to the name they call themselves. >> laura: if i'm sitting where you are sitting tonight, i'm thinking, gosh, this guy better turn it around. okay? because the tea party ain't going to save you guys. >> laura, you have to admit this, the president has major challenges because the republican party has made the political calculus mitch mcconnell by his own words said our number one priority is to make sure is he a one-term president. well, if that's your number one priority, then job creation should be the number one priority of the republican party. >> laura: should be we are out of time. >> job creation. >> laura: i think it is. but they think he must go. >> voters trust 420725 over -- what other president in his third year had an approval rating where obama is ronald reagan 43% august of 1983 went on a landslide in the direction. >> laura: where was the economy going at that point? that economy was skyrocketing up at that point. >> thank you so much for being with us. wish we had more time. as the factor moves along this evening, we will take to you martha's vineyard while the president is on vacation while the economy tanks. first, fasten your seat belts, most controversial story of the night, day one after black conservative congressman colonel allen west accused democratic party of acting like plantation owners. liberal congressman charlie rangel enters the no spin zone and responds with a vengeance. we hope you stay tuned. it's true. you never forgetyour fi. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. >> laura: in the factor follow up segment tonight, the republican presidential candidates are hitting the campaign trail hard this week. and congresswoman michele bachmann is making this promise if she is elected. >> the day that the president became president gasoline was $1.79 a gallon. look at what it is today. under president bachmann, you will see gasoline come down below $2 a gallon again. that will happen. [ applause ] >> laura: meantime governor perry was greeted by unfriendly audience in new hampshire. >> ask him why he doesn't believe in science. [inaudible] >> hands off our medicare! hands off our medicare! >> laura: joining us from washington is fox news chief political correspondent carl cameron who is monitoring the g.o.p. races and from martha's vineyard that's a tough assignment fox news white house correspondent ed henry. good to see you. ed, i want to start with you. >> good to see you. >> laura: optics being seen by some and this often by president taking vacation in difficult times. the stock market took a big nose dive today. the numbers from gallup are terrible for the president. what's the new news on this visit from martha's vineyard. anyone rethinking it? >> well, no. they are saying he is going to go ahead and stay for the entire 10 days. it definitely is risky politically. i think we do have to add the context of the fact that look i was in crawford, texas when the pakistani prime minister was tragically assassinated and president bush had to interrupt a vacation. i was in honolulu with president obama when there was an attempted terror attack in detroit on christmas day a couple years ago. that vacation was interrupted. so my point is that presidents can't get away from the presidency. so, he is still going to be working at least a little here. is he going to have an economic aide here briefing him every day. he is going to have a national security aide john brennan briefing him and making sure he is on top of national security. the optics are very difficult for this president right now. the last thing they wanted was on the day that he lands here for the big dow dive because that certainly hurts on the optics. i think the comparison might be, look, people largely look the other day when george w. bush vacationed a lot. a lot more than this president by the way. it was relatively calm economic times. president bush's father h.w. bush was in awful economic times. weighs vacationing kenny bunk port near here and he paid a price in 1992. >> laura: think this news is what it is and you are in a place like martha's vineyard not like crawford texas, the rich and famous go there and hobnobbing. let's go to what happened in the campaign trail. bachmann and perry. bachmann promises low gas prices very low. perry getting hit by that mom who was coaching her child to ask questions about the age of the earth and so forth. perry tell us about it. >> perry picked up on it immediately. the young boy asked how old is earth? perry said he didn't know. and then said to the young boy i think what your mom wants to know is about evolution. and he went on to say that evolution is a theory and in texas they teach creationism. and as the boy and perry were sort of parting company you can hear the mom say ask him why he doesn't trust science? ask him if he believes this science? typical new hampshire mischief mom and son going after the candidate. perry has had a mixed reviews from campaign trip. and attempts at retail on the streets of porth smith which is a liberal part of new hampshire he got hit by a group democratic activists part of an organization that actually said they were going to go there to demonstrate against him. bachmann we have reached a point where some of her misstatements and video sin crazies video sin crazies. >> she was in south carolina today to capitalize on the big win at the iowa straw poll. by capitalize cash in. put the money in the bank. working on bundling operation to wrack in big bucks. she, too, has had whether it's gas prices at $2 which is going to be a hard promise to keep or some the anizations that her security has been too rough on reporters and actually kept her away from the peeps on some occasions. >> laura: we have seen the reports wearing big knee on t-shirts with security on them. i'm not sure that's that big of a story. come on, carl. you can take rough stuff. >> has nothing to do with her quality to be president, either. >> laura: exactly. talking about surrogates for obama who is already out there. the president is vacationing. arne duncan secretary of education. he gave interview it's going to air tomorrow. we have a clip from it. he talked about texas and texas education. let's listen. >> you have had no harcher critic than governor rick perry of texas. how does texas stack up over the last 10 years in education? >> texas has really struggled. i feel very, very badly for the children there texas may have the highest high school dropout rate or, i'm sorry, the high -- the lowest high school graduation rate in the country. far too few are actually prepared to go on to college. >> laura: ed, obama might not be talking a lot about perry. well, he just hit the campaign trail. i will be easy on him but the surrogates are out there. >> they are. in fairness he was responding to a question. this is energetic education secretary who has been working pretty hard. i interviewed him before. evidence is all over this issue. you are right in the sense that, you know, he could have maybe not hit back quite as hard. and not engaged but, he decided to do that. and i think it's clear, it's amusing because i have heard so many people in the obama world saying we're not engaging with any of these kinds. we are not going to get into it. later on in that interview secretary duncan just saying i feel bad for these kids in texas. it's not about the governor. i think he is a sincere guy at the same time i think there was some crocodile tears there because if they can dump on rick perry they will. >> laura: i feel very very very badly for the kids of texas. we appreciate it thanks. next up most explosive segment of the east coast. as charlie rangel responds to accusations from conservative congressman allen west that the democratic party treats african-americans like slaves. right back with it. 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>> i'm really surprised at congressman west going back to harriett tubman who was historic figure during slavery time and i know he is new and is he a freshman and -- before you get before an election is very important. he doesn't come from a political party ha can ridicule plantations and that type of thing. i really think at this time with the unemployment that you have recently shown it's not just blacks even though we doubled the national average, but it's every american. they are fed up with us down in washington fighting each other. all we have to do is come together on job creation, then we can go on and fight. there is plenty of things to fight about. >> laura: there certainry are. you are saying that congressman west, african-american, cannot use a plantation analogy? he is not allowed to use that? i'm trying to figure out what words we can use and can't use. >> what do you mean we can't? are you confused about whether or not you can use plantation black republican? >> laura: substance what he says very clear. walter williams, tom seoul, i guess they are not authentically black either they can't say that they also made similar analogies. let me finish, sir. >> okay. >> laura: basically said the war on poverty might have been started with a great deal of good intentions has been an utter failure for many minority communities in the united states in the inner city and the school system. we have seen increasing problems. both within the family, within unemployment, across the board problems. has the war on poverty been a success in your mind? >> now, this something entirely different. >> laura: no, it's actually all tied together. >> you were talking about harriett tubman and plantations. >> laura: it's a criticism. it's a substantive criticism. >> i don't care what he says. if you want to deal with the fact that something worked, then you are 100% right. we can talk about unemployment. >> laura: has it worked? >> no. but why. >> laura: is liberalism working for the black community right now. >> i swear i wish i knew. you got a whole lot of different things. if you want to talk about the empowerment zonel which i passed and we have them all over the united states. that has worked. >> laura: you won't answer the question. >> no. a liberal congressman can serve. >> laura: brought about a number of larger government programs that promised empowerment to the inner city. poor people, minorities, did it work? it's an objective question. did it work? >> listen, you -- this republican wants to talk about plantations and. >> laura: he is missing the point. >> he is now you want to make the point about lyndon johnson war against poverty. we are going through a period of today of high unemployment. >> laura: what has liberalism done for you lately? what pass president obama done for the black community in two and a half years? i think that's a very serious question. i think it's an important question. >> you haven't asked that. have you asked a half a dozen questions. >> laura: you seem to want to quarrel with the wording of questions instead of get to the substance of the question. i'm really delighted you came on. >> listen, i'm glad i came, too. >> laura: let's try to start over. >> okay. now, forget all the tubman plantation and all of that. >> laura: al ledge west was making a very provocative point. people have used colossal language on the left and the right. both have. maxine waters is clearly very fru frustrate with the president. she let loose on him yesterday saying look he is not coming into any black communities. coming at it from her perspective. allen west is coming at it from his. i would ask you, has the president's economic plan, have they panned out for minority communities especially? >> heck no. because the republicans made up their mind and as soon as he got elected. >> laura: okay. >> laura: would. >> thank you so much. your countries sound like little mini questions. >> laura: maybe you don't get real questions from real people i don't know. >> this your show but what about real answers? >> laura: had you a democratic house, a filibuster-proof senate and white house in democratic hands. you had that for the first two years. can't blame republicans for those two years or can you? >> we can say what the man inherited if you would permit me to say it. >> laura: those two years you were fully in charge no republican house. did it work out? >> we had two wars that we shouldn't have been in. >> laura: bush's fault? >> let me say this that bill o'reilly told me he had a secret weapon. i didn't know it was just a pretty girl that he would bring in. >> laura: that's condescending sir. a pretty girl. these are serious questions. >> you have asked me 50 questions. >> laura: right. >> i'm begging you. >> laura: let's hear an answer. you are not answering any of the questions. >> i'm begging you to leave on the plantation stuff and this. >> laura: we have moved beyond the plantation. >> leave out johnson and the poverty program. >> laura: that's actually a serious question. >> and just ask me one question at a time. >> laura: i have asked four questions and you haven't answered. >> the last question that we had a democratic president who inherited a heck of a deficit. and he inherited a couple of wars. and then after we lost the majority in the house, i think it's safe to say that the republicans took the position that their primary objective was not to work with him but to get rid of obama. even while we wait now waiting for the vacation for job program. >> laura: should the president have taken a vacation? >> we have a dozen dozen bills that we have brought out. >> laura: you guys haven't passed a budget, sir in 600, 700, 800 days when the democrats had the opportunity to pass a budget. >> i want to let you know one thing. people in america who are unemployed aren't thinking about your budget. they are thinking about getting a job. >> laura: i'm not in congress. you are in congress. >> people out of work. lost their homes. >> laura: maybe they are looking at washington. >> this is how the republican. -they did then 00 republican thing. this is what happened. this is what we inherited. >> laura: congressman, at some point does the buck stop at the white house? >> it does but we can't say that we didn't inherit a lousy economy. high unemployment. a hi def sit. >> laura: why was he elected? he was elected because he had ideas. >> you bet. >> laura: you lost in the mid terms like it happens. people are up. people are down. no doubt about it. >> there was an assumption that republicans would put the country above their politics. it was clear the polls see it clearly that republicans would rather this country go down in detaught and international obligation. >> laura: you are questioning their patriotism. >> i'm questioning the fact that they were prepared to allow the country to go and they admit this and they were on television saying it. >> laura: who is they? >> they are the candidates that are running against obama. >> laura: congressman actually in the end the debt ceiling was raised and the president signed the bill, sir. >> did you see any of the 10 candidates he asked them. >> laura: talk about the candidates. you will not answer a simple question. has obama worked for the inner city? >> no. >> laura: good. that's a great answer. that's a truthful and good answer. >> and the country hasn't worked for the country either. and it's not just the inner cities. we have got white people, middle class people whose dreams have been shattered. >> laura: i agree with you. >> i'm not talking about the bush administration or the obama administration. no one cares which administration it was. america is made of people who dream and have hope that they can have a better life. that was snatched interest them and obama has not restored that hope that was taken from them by george bush. >> laura: thank you, congressman. >> i have to quit? >> laura: i wish we had the whole hour. >> i would love to come back. i'm sorry that i said you were attractive. i withdraw that completely. >> laura: i was going to make a joke about the condo in the dominican republic i didn't make that out of respect for you. he should have taken your condo instead of gone to martha's vineyard. >> the condo actually wasn't worth that much money. >> laura: name names even though they wish we wouldn't. what a fun segment next. >> laura: in the back of the book segment tonight a factor exclusive, which members of congress are living large and worth tens if not hundreds of millions of dollars. we have brand new list exclusivery from our friends at "roll call." in the top ten there are seven democrats and three republicans. coming in at the top of the list is g.o.p. congressman from texas michael mechanical. is he worth mccall. $294 million. darrell issa number two about $220 million. john kerry is number three worth nearly 200 million but mostly his wife's money. and democrat jay rockefeller from west virginia with a name like rockefeller you have to be rich he is number four with almost 82 million. of course, he didn't earn that he inherited it from his family who made a lot of dough in oil. joining us now from washington is paul singer, the associate editor at "roll call." paul, people love lists. the list issues always do really well. tell us how michael mccall made his money. most people don't know who he is tell us about him. >> sorry to tell you it's a result of his wife. his wife is the daughter of the founder of clear channel communications. and what has been happening is mccaul shot to the top of the list this year they have been inheriting chunks of this money overtime. five years ago he was worth maybe 12, $15 million. going up by big chunks this year. this year it zings to the list of 12 of 50 richest. >> laura: a lot of your numbers are going to have be revised downward after the last month of the obama economy. >> keep in mind all these numbers are ridiculous. the fact of the matter is they report them in large sort of bland categories that don't tell you much. something might be listed between 1 and $5 million. some might be listed as over a million. that could be a billion. we think john kerry is probably the richest guy in congress. you don't see it because of how it's reported. all of his wife's money. she doesn't have to report the wife's detail. >> laura: people watching this might be surprised most of the people in the top ten are democrats. seven democrats, three republicans, right? >> yeah. well we did the top 50 and it's 31 republicans and 19 democrats. the top 10, as you said is 7 democrats and 3 republicans. again, because categories are sort of amalleable, it's hard to put anyone in any specific spot. these are all minimum net worth. they could be -- >> laura: who is the oddest story? is there anyone of the top earners or inheriters who have con conventional path to wealth? >> one of our favorites is herb kohl is usually listed as the poorest member of congress because liabilities outweigh the value of his basketball team. jared from colorado who became internet millionaire with blue mountain greeting cards online. basically most of these people made their money the old fashioned way. he they inherited it or married it. >> laura: how about darrell issa. >> he made his first million in this automobile protection, you know, the car alarm, viper. but he is now converted his money into real estate. and you'll see this year his apparent wealth has basically doubled. and the reason is, again, he had a bunch of it in one big pile before, now he has gone out and moved some of those piles into various littler piles they add up to more. a bunch of buildings in california. >> laura: how many women in the top 50? >> that's a really good question. i have never done the math that way. again, does it count that teresa hynes has all of john kerry's money? >> laura: yes. >> john kerry's name on the list but its his wife's money. hard to sort out how many of these people the money travels through the wife instead of the husband. >> laura: a lot of these people who are wealthy. my view is we want everyone to be wealthy. so i'm against demon mizeizing people who are wealthy because we want more people to be prosperous. they are not going to be out there flaunting their money in the country is hurting because you want to look like you are able to connect with the people. a lot of people are hurting and they see a lot of, you know, fat cats for lack of a better word in congress. >> we have done this for 20 years every year. you will see some fluctuation in value as the stock market comes and goes. >> goes up and down. >> members of congress tends too to do better than the rest of us does. >> laura: pinheads and patriots next. guy called the situation on the jersey shore? 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[ male announcer ] if you're in a ford f-150 and you see this... it's the end of the road. the last hurrah. it's when ford's powertrain warranty ends. but in is ram truck, youe still got 39,999 miles to go. ♪ guts. glory. ram. ♪ . >> laura: finally, pinheads and patriots. are you familiar with the situation? tell me no. he's one of the stars of the mtv reality show the jersey shore. evidently abercrombie & fitch has offered cash to the situation to not wear any of its clothing ever again. the imus crew on fox business debated it. >> they should be happy. he's a well groomed dude. he's got his hair clipped, tanned up, clearly looks waxed. >> more people hate those low lives than like them. he's hurting their bran. >> why are you they watching the show? >> more people don't watch than do watch. >> you can say that about almost any television show. they have the best demos. >> casey anthony wore abercrombie & fitch you think they would be happy? >> let's put them in the same -- >> everybody is watching. >> please a child murderer and some guy trying to make the world a better place. >> laura: i love the imus crew those are my pepps. attention abercrombie part of what peeks the situation the situation is he normally doesn't wear much clothing at all. for cheap publicity the abercrombie folks are total pinheads. >> now something very patriotic. the bolder fresher tour. the show on long island this weekend. for more information on bolder fresher.com. monday premium members will see exclude sieve video from the tour. while you are -- considering that, consider buying my new book five weeks on the new york times best seller list. available at lauraingraham.com signed. thanks for watching.
New-yorkUnited-statesNew-hampshireGermanyTexasAfghanistanDominican-republicFloridaHonoluluHawaiiCaliforniaWashington >> laura: hi, everybody, i'm laura ingraham in tonight for bill o'reilly. thanks for watching us. let's get right to our top story. it was another awful day for the american economy. the stock market dropped about 420 points and americans have lost trillions of dollars in wealth just over the last month. they are losing their money and education retirement funds. their life savings and investment portfolios. simply put, average americans are getting clobbered in the obama economy. there was also more bad news on jobless front. claims are up to 408,000, the highest in a month. despite the dire situation, president obama isn't worried about another recession. >> i don't think we're in danger of another recession, but we are in danger of not having a recovery that's fast enough to deal with what is a genuine unemployment crisis for a whole lot of folks out there. that's why we need to be doing more. >> laura: however, today morgan stanley said that the united states was, quote, dangerously close to a recession and you are calling whom to believe. joining us now from washington fox news business analyst tobin smith and here in new york kelly evan, a columnist for the "wall street journal." >> kelly, my first question to you morgan stanley comes out with this report in these series of comments. it was pretty ugly, pretty dire. the market went down further when this was released. why is morgan stanley coming out with this now. >> what is interesting is that morgan stanley has been the more optimistic on the street. they saw treasury yields and economy doing better in the last couple of years. to me and investors it really indicated this isn't something bearish on the economy yellow flag. san begin we have got to admit risks have got tonight point looks at or near recession. not just talking u.s. talking worldwide. >> laura: the president gives that interview yesterday and he says no we're not going into another recession. when i heard that i said that's the obama jinx. that must mean we are going into the recession. the market goes down 400 points. >> the jinx is my aunt martha calls me and says she selling all her stocks when she did today. the fed are the people giving the forecast that is he following. frankly, the fed's forecast, they have admitted have been dead, dead wrong. we are at stall speed right now, laura. we do a lot of research into demand. we have not fallen off a cliff. we have, if you look at truck loadings or fedex or u.p.s. or other indication how the economy is turning we have not fallen off the cliff. we are at stall. this august meltdown in the stock market takes the top 20% of income earner who's do all the discretionary purchasing in this country really and that puts them back on their heels. so you are going to see a slow august which means you will see a slow september. that means we are right at a negative quarter. >> laura: kelly, how important is this with back-to-school shopping? people are in the stores every store, clothes stores, book stores. we need people to be shopping now for this economy. >> back-to-school the second most important season for retailers. important itself. important for holiday retail this season is back end loaded. what they were hoping because remember they have to push through price hikes. they were pushing for consumer in a better position. what we see now is a consumer on its a hotel. consumer sentiment lowest we have seen in several decades. the problem with the falling stock market once they sense not one or two day declines it goes on top of falling home prices. two most important things for household wealth. it does have a knockdown on spending. show up in the next couple of months show up in the economy. >> laura: sense of gloom, sense among people we are in a prolonged period of economic stagnation, recession, whatever we want to call it today. and, when that happens, a plan or the announcement of a plan, is that going to be enough? if it's not, the president saying you know something? i'm bringing in entirely new economic team. geithner is out. we have x, y and z in place. something different. more bill clintonish but i don't see that happening. >> you don't see that happening because they put themselves in a box. look, it took us 20 years to get where we were with the financial disaster. the financial disaster happened, we know from history, laura, throughout the last 500 years when you have a balance sheet recession, which is what was -- what we have, it takes 8 to 10 years to work through it. now, no one wants to tell you that to your face, but that is the fact. to shorten that time frame, laura, we would have needed to see some massive changes. massive changes in terms of incentives to get back in investing. instead, we got massive incentives not to invest. that's what's taking taken a bad situation and made it worse. >> laura: my friend marty ryan bought counter tops. family businesses. he said we were just starting to see a real upturn -- uptick. and now these people are screwing it up. he says look i'm not just a business person. i'm not into politics so much. business person. this is the sentiment from business. >> weak sentiment is a problem. it's a problem and i think in order to overcome it you really need to see clarity on the outlook both in terms of growth and in terms of the policy side as well. >> laura: great to see both of you. directly ahead a gallup poll says americans have no confidence in the way president obama is handling the economy. we are going to show you she's numbers. they are disturbing. also, set your dvr's to the most controversial segment of the evening. a day after republican congressman allen west says the democratic party has treated african-americans like slaves. congressman charlie rangel responds. you are not going to want to miss this coming up. my whole body hurt. it was an ongoing, deep pain. i didn't understand it. i found out that connected to our muscles are nerves that send messages through the body. my doctor diagnosed it asibromyalgia -- thought to be the result of overactive nerves that cause chronic, widespread pain. lyrica is believed to calm these nerves. i learned lyrica n provide significant relief from fibromyalgia pain. and less pain means, i can feel better and do more of what matters. [ female announcer ] lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell yo doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including urry vision, or muscle pain with fever or tirefeeling. common side effects are dizziness, sleepiness, weight gain and swng of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. i found answers about fibromyalgia. then i found lyrica ask your doctor about lyrica today. >> laura: only 11% are now satisfied and it hasn't been that low since just after president obama was elected in december 2008. and americans don't seem to to be happy with how the president is handling the economy either. check this out. only 26% approve. that's a new low. down 11 points since may and way below his previous low of 35% in november 2010. 71% of americans disapprove. and it doesn't get better from there. only 24% support his handling of the federal budget deficit with 71% disapproving. only 29% approve of his job creation efforts. 65% disprove. with us now the man responsible for the poll, dr. frank newport, gallup's editor in chief. those are some brutal numbers. >> pretty depressiving. those are pretty bad numbers. a lot of numbers to throw at people at one time. tell us what you know historically this means for incumbent sitting president? >> excellent question. the key is his overall approval rating. which is 40% today. the president wants to have probably about 50% to get reelected. we have had 10 presidents since world war ii who have tried to get reelected. seven were re-elected three weren't. george w. bush had approval rate -- basically 10 points higher than where he is now. >> laura: when bush left office 2006 republicans lost all those seats and 2008 more seats. president's approval rating then was at about, what, 36? 38? >> weighs down in the 20's before he left office. >> laura: great? how did i forget that. >> george w. bush left lisping out of office. he wasn't there when he got reelected in 2004. in september of 2004 he was at 50%. he was right at the cusp and he beat john kerry. >> laura: right now the economy is the number one issue for everyone. when you look at the numbers, specifically your numbers, tracks other polling numbers as well out there. consistently. how he has handled the economy. that is what has really taken a nose dive. even the handling of let's say afghanistan. that's dropped precipitously since bin laden's killing back in may. >> that's right. although the may reading was art -- not artificially but higher than it had been previously in the obama administration for obvious reasons. if you look at his whole term he has been about where he was in afghanistan previously. you are right the economic ratings are bad. but the americans see the economy as in terrible shape. almost anything we put in front of them right now that relate to the economy, bush, congress, obama, anybody we mention we're going to get bad numbers on the economy right now. number one problem. consumer confidence is terrible. american public is saying we are in bad shape. >> laura: remember, talking to the bush folks in the last couple of years of his second term, and consistently it was well, we don't look at the numbers. the numbers go up, the numbers go down. by point to them consistently was, you know something? you lose influence. when your numbers are where they are. you are not going to have the influence you had before when you say look the public is with me. i'm riding pretty confident right now. you're diminished as a president in those particular areas where your ratings aren't high. i don't think you can keep saying i'm not looking at the numbers. do you think obama is not looking at these numbers? >> of course he is looking at the numbers. of course karl rove looked at the numbers for president bush. teddy roosevelt. history shows presidents, as i think they should be, are very much aware of where they are in polling. pay attention more what the public is saying. there is a lot of wisdom out there in john and jane dough across the land. >> laura: very sour on afghanistan for years. ron paul was pretty much saying pulling more quickly out of afghanistan. >> that's right. at the moment that's way down the list of priorities. you said it a moment ago. it's the economy. and then it's jobs. the deficit but also americans have a a lot of disdain for how congress is working in general. >> laura: congressman terrible numbers lower than obama's. that's lumped in together both republicans and democrats. republicans scoring terribly. >> that's right. after the debt crisis debacle or debate or agreement or however we want to define it congressman approval dropped to 13%, which is tied for the lowest in gallup poll history, goes back many decades on that, but, you are right, it's kind of a pox on all your houses in washington. obama gets dinged. republicans get dinged more than obama and americans get dinged. americans are not very happy with the effectiveness of how things are going on in washington. not so much a partisan concern i think right now. a lot of americans are concerned about confidence. what are they doing? >> laura: when the market dropped 450 one day and 500 the other day. people are saying what the heck is happening here. key independent voting block in the united states caught people in the middle fleeing obama in huge numbers according to your poll. >> well, they are down. but, of course, everybody is down. so a lower tide in the harbor brings the mast of all the ships down. yes, independents are down, not as much as republicans but, that's right. if his overall approval rating is had 0 as opposed to 50 independents are going to be down. >> laura: independents are critical for both parties but he is the man in the white house now and he needs some of those independents. >> absolutely. if his approval rating were to rise back to 50. that's primarily going to be the result of the economy if it were to recover next year in jobs independents would come up with it. approval rating goes most of the time independents go with it. >> laura: i have never been polled. >> you have not? >> laura: never. >> i would say your chances of getting hit by lightning dr. george gallup head of our company polled 300 million americans. >> laura: email us with your opinion dr. any port. two are going to respond to the president's dismal poll numbers. the segment everyone is going to be talking about tomorrow. actor allen west charges the democratic party with treating black americans like slaves congressman charlie rangel enters the no spin zone to respond coming up. ♪ [ mrs. davis ] i want to find a way to break through. to make science as exciting as a video game. i need to reach peter, who's falling behind. and push janet who's 6 chapters ahead. ♪ [ male announcer ] with interacve learning solutions from dell, mrs. davis can make education a little more personal. so every student feels like her only student. dell. the power to do more. [ male announcer ] this is our beach. ♪ this is our pool. ♪ our fireworks. ♪ and our slip and slide. you have your idea of summer fun, and we have ours. now during the summer event get an exceptionally engineered mercedes-benz for an exceptional price. but hurry, this offer ends august 31st. >> laura: continuing now with our analysis of the new gallup poll on president obama. does it indicate a collapse of confidence in the president? well, at the very least some folks are frustrated. take a look at what happened yesterday when a farmer told the president he didn't want government bureaucrats telling him how to grow his food. >> we enjoy growing corn and soy beans and we feel we do it as safely and efficiently as we possibly can. please don't challenge us with more rules and regulations, washington, d.c., that hinder us from doing that. >> if you hear something is happening but it hasn't happened, don't always believe what you hear. >> laura: that answers the question. is it wise for the president to be dismissive of these concerns? with us now democratic strategist and former pollster for president clinton. i understood this bus tour was not political. okay i will take him at face value not political. but it was intended to put the president in a situation where he got to understand the concerns of people, working people, to empathize with their concerns. that's fair, that's fine. i think he had a concern as a farmer. he seemed like kind of a regular guy. i'm not sure -- tea party guy. do you think that answer to his point that look, the regulations are killing us basically what he said? do you think that was a wise answer, bernard? >> i think what the president needs to do and he needs to get out of washington. he needs to go out on the -- bus tour exactly what's needed. he should be out of washington all of september. what he should be talking about is the job creation plan which is cutting taxes, extending the payroll tax holiday for employees and employers to that. cutting regulation. he should talk about streamlining the patent approval process getting trade agreements passed and -- >> laura: is he blocking the free trade agreements now. that's not exactly right how you just presented that putting that aside, do you think the president handled that particular question well? did that make the president seem empathetic to this man's concern? >> i think that the president needs to be far more aggressive in explaining that the pass job creation in this country. >> laura: that's not what the guy asked. the guy asked about regulation. the president didn't either know what he was talking about and the president didn't answer his concern. >> i don't think the president was being dismissive at all. first of all the department of transportation just announced no new regulations on agricultural vehicle. that was announced recently in the agricultural industry was very grateful for that. >> laura: if he might have said that maybe if that true is is the case, maybe the president could have said that. >> we didn't hear the whole sound. i think the president did elucidate further. >> laura: no. not to that extent. we have to be balanced here good regulations protect people and businesses. ask anyone who has salmonella how they feel about food safety inspectors. certainly they play an important role. >> laura: i wring this up because again i understand what the president and advisors said this bus tour was about. i get it, understand. both sides say it's not political. always politics in everything. i think it's a real question. does the president appear to understand the concerns of small business owners? medium size business owners? farmers how they live their daily lives? he has just landed in martha's vineyard, okay? i have been to martha's vineyard, beautiful place, nice place. nice place to go. is that the right optics right now at this time when the market dropped 450 points and people struggling? would you advise him to do that bernard? >> presidents always take vacations in august. always subject of attack. i think what we really ought to focus on is the differences between this president and the republicans in congress which are held hostage by the tea party which the tea party would sacrifice. >> laura: do you know how ridiculous this sounds, bernard? >> tea party short-term economic gain. >> laura: democratic strategist holding up the tea party as the most transformative guy to ever run for the presidency. that's what we are told. new politics, changing politics, bringing people together. we have 9.2% unemployment. you guys had the congress and the senate filibuster-proof senate for two years and the presidency. you had two years to pass the budget, couldn't do it. so you are going to blame the tea party for the first two years, too? >> no. what we are going to talk about right now is the fact that the tea party has made it very clear that they run the republican party. >> laura: i must have missed that memo. >> absolutely refuse to pass any legislation that had an ounce of revenue increases, even if it was a 10 to 1 spending cut. >> laura: go home and be quiet? who is more in line with the way regular families are thinking about things this day the tea party or president obama. >> president obama. two thirds of the american public made it very clear they want to see a combination of spending cuts and revenue increases and the paper said no, no, no. >> the tea party's approval ratings are just as low. they are actually much lower than president obama's. >> laura: first of all, the tea party is not an individual. okay? it's a group of people. >> they do not represent every american. >> laura: all over the country. i have met some of these guys and gals. they are different people. some people stress economics, some have views on immigration. the tea party? >> that's what they call themselves the tea party. i am referring to the name they call themselves. >> laura: if i'm sitting where you are sitting tonight, i'm thinking, gosh, this guy better turn it around. okay? because the tea party ain't going to save you guys. >> laura, you have to admit this, the president has major challenges because the republican party has made the political calculus mitch mcconnell by his own words said our number one priority is to make sure is he a one-term president. well, if that's your number one priority, then job creation should be the number one priority of the republican party. >> laura: should be we are out of time. >> job creation. >> laura: i think it is. but they think he must go. >> voters trust 420725 over -- what other president in his third year had an approval rating where obama is ronald reagan 43% august of 1983 went on a landslide in the direction. >> laura: where was the economy going at that point? that economy was skyrocketing up at that point. >> thank you so much for being with us. wish we had more time. as the factor moves along this evening, we will take to you martha's vineyard while the president is on vacation while the economy tanks. first, fasten your seat belts, most controversial story of the night, day one after black conservative congressman colonel allen west accused democratic party of acting like plantation owners. liberal congressman charlie rangel enters the no spin zone and responds with a vengeance. we hope you stay tuned. it's true. you never forgetyour fi. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. >> laura: in the factor follow up segment tonight, the republican presidential candidates are hitting the campaign trail hard this week. and congresswoman michele bachmann is making this promise if she is elected. >> the day that the president became president gasoline was $1.79 a gallon. look at what it is today. under president bachmann, you will see gasoline come down below $2 a gallon again. that will happen. [ applause ] >> laura: meantime governor perry was greeted by unfriendly audience in new hampshire. >> ask him why he doesn't believe in science. [inaudible] >> hands off our medicare! hands off our medicare! >> laura: joining us from washington is fox news chief political correspondent carl cameron who is monitoring the g.o.p. races and from martha's vineyard that's a tough assignment fox news white house correspondent ed henry. good to see you. ed, i want to start with you. >> good to see you. >> laura: optics being seen by some and this often by president taking vacation in difficult times. the stock market took a big nose dive today. the numbers from gallup are terrible for the president. what's the new news on this visit from martha's vineyard. anyone rethinking it? >> well, no. they are saying he is going to go ahead and stay for the entire 10 days. it definitely is risky politically. i think we do have to add the context of the fact that look i was in crawford, texas when the pakistani prime minister was tragically assassinated and president bush had to interrupt a vacation. i was in honolulu with president obama when there was an attempted terror attack in detroit on christmas day a couple years ago. that vacation was interrupted. so my point is that presidents can't get away from the presidency. so, he is still going to be working at least a little here. is he going to have an economic aide here briefing him every day. he is going to have a national security aide john brennan briefing him and making sure he is on top of national security. the optics are very difficult for this president right now. the last thing they wanted was on the day that he lands here for the big dow dive because that certainly hurts on the optics. i think the comparison might be, look, people largely look the other day when george w. bush vacationed a lot. a lot more than this president by the way. it was relatively calm economic times. president bush's father h.w. bush was in awful economic times. weighs vacationing kenny bunk port near here and he paid a price in 1992. >> laura: think this news is what it is and you are in a place like martha's vineyard not like crawford texas, the rich and famous go there and hobnobbing. let's go to what happened in the campaign trail. bachmann and perry. bachmann promises low gas prices very low. perry getting hit by that mom who was coaching her child to ask questions about the age of the earth and so forth. perry tell us about it. >> perry picked up on it immediately. the young boy asked how old is earth? perry said he didn't know. and then said to the young boy i think what your mom wants to know is about evolution. and he went on to say that evolution is a theory and in texas they teach creationism. and as the boy and perry were sort of parting company you can hear the mom say ask him why he doesn't trust science? ask him if he believes this science? typical new hampshire mischief mom and son going after the candidate. perry has had a mixed reviews from campaign trip. and attempts at retail on the streets of porth smith which is a liberal part of new hampshire he got hit by a group democratic activists part of an organization that actually said they were going to go there to demonstrate against him. bachmann we have reached a point where some of her misstatements and video sin crazies video sin crazies. >> she was in south carolina today to capitalize on the big win at the iowa straw poll. by capitalize cash in. put the money in the bank. working on bundling operation to wrack in big bucks. she, too, has had whether it's gas prices at $2 which is going to be a hard promise to keep or some the anizations that her security has been too rough on reporters and actually kept her away from the peeps on some occasions. >> laura: we have seen the reports wearing big knee on t-shirts with security on them. i'm not sure that's that big of a story. come on, carl. you can take rough stuff. >> has nothing to do with her quality to be president, either. >> laura: exactly. talking about surrogates for obama who is already out there. the president is vacationing. arne duncan secretary of education. he gave interview it's going to air tomorrow. we have a clip from it. he talked about texas and texas education. let's listen. >> you have had no harcher critic than governor rick perry of texas. how does texas stack up over the last 10 years in education? >> texas has really struggled. i feel very, very badly for the children there texas may have the highest high school dropout rate or, i'm sorry, the high -- the lowest high school graduation rate in the country. far too few are actually prepared to go on to college. >> laura: ed, obama might not be talking a lot about perry. well, he just hit the campaign trail. i will be easy on him but the surrogates are out there. >> they are. in fairness he was responding to a question. this is energetic education secretary who has been working pretty hard. i interviewed him before. evidence is all over this issue. you are right in the sense that, you know, he could have maybe not hit back quite as hard. and not engaged but, he decided to do that. and i think it's clear, it's amusing because i have heard so many people in the obama world saying we're not engaging with any of these kinds. we are not going to get into it. later on in that interview secretary duncan just saying i feel bad for these kids in texas. it's not about the governor. i think he is a sincere guy at the same time i think there was some crocodile tears there because if they can dump on rick perry they will. >> laura: i feel very very very badly for the kids of texas. we appreciate it thanks. next up most explosive segment of the east coast. as charlie rangel responds to accusations from conservative congressman allen west that the democratic party treats african-americans like slaves. right back with it. 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>> i'm really surprised at congressman west going back to harriett tubman who was historic figure during slavery time and i know he is new and is he a freshman and -- before you get before an election is very important. he doesn't come from a political party ha can ridicule plantations and that type of thing. i really think at this time with the unemployment that you have recently shown it's not just blacks even though we doubled the national average, but it's every american. they are fed up with us down in washington fighting each other. all we have to do is come together on job creation, then we can go on and fight. there is plenty of things to fight about. >> laura: there certainry are. you are saying that congressman west, african-american, cannot use a plantation analogy? he is not allowed to use that? i'm trying to figure out what words we can use and can't use. >> what do you mean we can't? are you confused about whether or not you can use plantation black republican? >> laura: substance what he says very clear. walter williams, tom seoul, i guess they are not authentically black either they can't say that they also made similar analogies. let me finish, sir. >> okay. >> laura: basically said the war on poverty might have been started with a great deal of good intentions has been an utter failure for many minority communities in the united states in the inner city and the school system. we have seen increasing problems. both within the family, within unemployment, across the board problems. has the war on poverty been a success in your mind? >> now, this something entirely different. >> laura: no, it's actually all tied together. >> you were talking about harriett tubman and plantations. >> laura: it's a criticism. it's a substantive criticism. >> i don't care what he says. if you want to deal with the fact that something worked, then you are 100% right. we can talk about unemployment. >> laura: has it worked? >> no. but why. >> laura: is liberalism working for the black community right now. >> i swear i wish i knew. you got a whole lot of different things. if you want to talk about the empowerment zonel which i passed and we have them all over the united states. that has worked. >> laura: you won't answer the question. >> no. a liberal congressman can serve. >> laura: brought about a number of larger government programs that promised empowerment to the inner city. poor people, minorities, did it work? it's an objective question. did it work? >> listen, you -- this republican wants to talk about plantations and. >> laura: he is missing the point. >> he is now you want to make the point about lyndon johnson war against poverty. we are going through a period of today of high unemployment. >> laura: what has liberalism done for you lately? what pass president obama done for the black community in two and a half years? i think that's a very serious question. i think it's an important question. >> you haven't asked that. have you asked a half a dozen questions. >> laura: you seem to want to quarrel with the wording of questions instead of get to the substance of the question. i'm really delighted you came on. >> listen, i'm glad i came, too. >> laura: let's try to start over. >> okay. now, forget all the tubman plantation and all of that. >> laura: al ledge west was making a very provocative point. people have used colossal language on the left and the right. both have. maxine waters is clearly very fru frustrate with the president. she let loose on him yesterday saying look he is not coming into any black communities. coming at it from her perspective. allen west is coming at it from his. i would ask you, has the president's economic plan, have they panned out for minority communities especially? >> heck no. because the republicans made up their mind and as soon as he got elected. >> laura: okay. >> laura: would. >> thank you so much. your countries sound like little mini questions. >> laura: maybe you don't get real questions from real people i don't know. >> this your show but what about real answers? >> laura: had you a democratic house, a filibuster-proof senate and white house in democratic hands. you had that for the first two years. can't blame republicans for those two years or can you? >> we can say what the man inherited if you would permit me to say it. >> laura: those two years you were fully in charge no republican house. did it work out? >> we had two wars that we shouldn't have been in. >> laura: bush's fault? >> let me say this that bill o'reilly told me he had a secret weapon. i didn't know it was just a pretty girl that he would bring in. >> laura: that's condescending sir. a pretty girl. these are serious questions. >> you have asked me 50 questions. >> laura: right. >> i'm begging you. >> laura: let's hear an answer. you are not answering any of the questions. >> i'm begging you to leave on the plantation stuff and this. >> laura: we have moved beyond the plantation. >> leave out johnson and the poverty program. >> laura: that's actually a serious question. >> and just ask me one question at a time. >> laura: i have asked four questions and you haven't answered. >> the last question that we had a democratic president who inherited a heck of a deficit. and he inherited a couple of wars. and then after we lost the majority in the house, i think it's safe to say that the republicans took the position that their primary objective was not to work with him but to get rid of obama. even while we wait now waiting for the vacation for job program. >> laura: should the president have taken a vacation? >> we have a dozen dozen bills that we have brought out. >> laura: you guys haven't passed a budget, sir in 600, 700, 800 days when the democrats had the opportunity to pass a budget. >> i want to let you know one thing. people in america who are unemployed aren't thinking about your budget. they are thinking about getting a job. >> laura: i'm not in congress. you are in congress. >> people out of work. lost their homes. >> laura: maybe they are looking at washington. >> this is how the republican. -they did then 00 republican thing. this is what happened. this is what we inherited. >> laura: congressman, at some point does the buck stop at the white house? >> it does but we can't say that we didn't inherit a lousy economy. high unemployment. a hi def sit. >> laura: why was he elected? he was elected because he had ideas. >> you bet. >> laura: you lost in the mid terms like it happens. people are up. people are down. no doubt about it. >> there was an assumption that republicans would put the country above their politics. it was clear the polls see it clearly that republicans would rather this country go down in detaught and international obligation. >> laura: you are questioning their patriotism. >> i'm questioning the fact that they were prepared to allow the country to go and they admit this and they were on television saying it. >> laura: who is they? >> they are the candidates that are running against obama. >> laura: congressman actually in the end the debt ceiling was raised and the president signed the bill, sir. >> did you see any of the 10 candidates he asked them. >> laura: talk about the candidates. you will not answer a simple question. has obama worked for the inner city? >> no. >> laura: good. that's a great answer. that's a truthful and good answer. >> and the country hasn't worked for the country either. and it's not just the inner cities. we have got white people, middle class people whose dreams have been shattered. >> laura: i agree with you. >> i'm not talking about the bush administration or the obama administration. no one cares which administration it was. america is made of people who dream and have hope that they can have a better life. that was snatched interest them and obama has not restored that hope that was taken from them by george bush. >> laura: thank you, congressman. >> i have to quit? >> laura: i wish we had the whole hour. >> i would love to come back. i'm sorry that i said you were attractive. i withdraw that completely. >> laura: i was going to make a joke about the condo in the dominican republic i didn't make that out of respect for you. he should have taken your condo instead of gone to martha's vineyard. >> the condo actually wasn't worth that much money. >> laura: name names even though they wish we wouldn't. what a fun segment next. >> laura: in the back of the book segment tonight a factor exclusive, which members of congress are living large and worth tens if not hundreds of millions of dollars. we have brand new list exclusivery from our friends at "roll call." in the top ten there are seven democrats and three republicans. coming in at the top of the list is g.o.p. congressman from texas michael mechanical. is he worth mccall. $294 million. darrell issa number two about $220 million. john kerry is number three worth nearly 200 million but mostly his wife's money. and democrat jay rockefeller from west virginia with a name like rockefeller you have to be rich he is number four with almost 82 million. of course, he didn't earn that he inherited it from his family who made a lot of dough in oil. joining us now from washington is paul singer, the associate editor at "roll call." paul, people love lists. the list issues always do really well. tell us how michael mccall made his money. most people don't know who he is tell us about him. >> sorry to tell you it's a result of his wife. his wife is the daughter of the founder of clear channel communications. and what has been happening is mccaul shot to the top of the list this year they have been inheriting chunks of this money overtime. five years ago he was worth maybe 12, $15 million. going up by big chunks this year. this year it zings to the list of 12 of 50 richest. >> laura: a lot of your numbers are going to have be revised downward after the last month of the obama economy. >> keep in mind all these numbers are ridiculous. the fact of the matter is they report them in large sort of bland categories that don't tell you much. something might be listed between 1 and $5 million. some might be listed as over a million. that could be a billion. we think john kerry is probably the richest guy in congress. you don't see it because of how it's reported. all of his wife's money. she doesn't have to report the wife's detail. >> laura: people watching this might be surprised most of the people in the top ten are democrats. seven democrats, three republicans, right? >> yeah. well we did the top 50 and it's 31 republicans and 19 democrats. the top 10, as you said is 7 democrats and 3 republicans. again, because categories are sort of amalleable, it's hard to put anyone in any specific spot. these are all minimum net worth. they could be -- >> laura: who is the oddest story? is there anyone of the top earners or inheriters who have con conventional path to wealth? >> one of our favorites is herb kohl is usually listed as the poorest member of congress because liabilities outweigh the value of his basketball team. jared from colorado who became internet millionaire with blue mountain greeting cards online. basically most of these people made their money the old fashioned way. he they inherited it or married it. >> laura: how about darrell issa. >> he made his first million in this automobile protection, you know, the car alarm, viper. but he is now converted his money into real estate. and you'll see this year his apparent wealth has basically doubled. and the reason is, again, he had a bunch of it in one big pile before, now he has gone out and moved some of those piles into various littler piles they add up to more. a bunch of buildings in california. >> laura: how many women in the top 50? >> that's a really good question. i have never done the math that way. again, does it count that teresa hynes has all of john kerry's money? >> laura: yes. >> john kerry's name on the list but its his wife's money. hard to sort out how many of these people the money travels through the wife instead of the husband. >> laura: a lot of these people who are wealthy. my view is we want everyone to be wealthy. so i'm against demon mizeizing people who are wealthy because we want more people to be prosperous. they are not going to be out there flaunting their money in the country is hurting because you want to look like you are able to connect with the people. a lot of people are hurting and they see a lot of, you know, fat cats for lack of a better word in congress. >> we have done this for 20 years every year. you will see some fluctuation in value as the stock market comes and goes. >> goes up and down. >> members of congress tends too to do better than the rest of us does. >> laura: pinheads and patriots next. guy called the situation on the jersey shore? 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New-yorkUnited-statesNew-hampshireGermanyTexasAfghanistanDominican-republicFloridaHonoluluHawaiiCaliforniaWashington struggling to make ends meet, some members of congress are raking in the dough. we have the list of the richest ones. >> laura: caution, you are about to enter the no spin zone, the factor begins right now. captions by closed captioning services >> laura: hi, everybody, i'm laura ingraham in tonight for bill o'reilly. thanks for watching us. let's get right to our top story. it was another awful day for the american economy. the stock market dropped about 420 points and americans have lost trillions of dollars in wealth just over the last month. they are losing their money and education retirement funds. their life savings and investment portfolios. simply put, average americans are getting clobbered in the obama economy. there was also more bad news on jobless front. claims are up to 408,000, the highest in a month. despite the dire situation, president obama isn't worried about another recession. >> i don't think we're in danger of another recession, but we are in danger of not having a recovery that's fast enough to deal with what is a genuine unemployment crisis for a whole lot of folks out there. that's why we need to be doing more. >> laura: however, today morgan stanley said that the united states was, quote, dangerously close to a recession and you are calling whom to believe. joining us now from washington fox news business analyst tobin smith and here in new york kelly evan, a columnist for the "wall street journal." >> kelly, my first question to you morgan stanley comes out with this report in these series of comments. it was pretty ugly, pretty dire. the market went down further when this was released. why is morgan stanley coming out with this now. >> what is interesting is that morgan stanley has been the more optimistic on the street. they saw treasury yields and economy doing better in the last couple of years. to me and investors it really indicated this isn't something bearish on the economy yellow flag. san begin we have got to admit risks have got tonight point looks at or near recession. not just talking u.s. talking worldwide. >> laura: the president gives that interview yesterday and he says no we're not going into another recession. when i heard that i said that's the obama jinx. that must mean we are going into the recession. the market goes down 400 points. >> the jinx is my aunt martha calls me and says she selling all her stocks when she did today. the fed are the people giving the forecast that is he following. frankly, the fed's forecast, they have admitted have been dead, dead wrong. we are at stall speed right now, laura. we do a lot of research into demand. we have not fallen off a cliff. we have, if you look at truck loadings or fedex or u.p.s. or other indication how the economy is turning we have not fallen off the cliff. we are at stall. this august meltdown in the stock market takes the top 20% of income earner who's do all the discretionary purchasing in this country really and that puts them back on their heels. so you are going to see a slow august which means you will see a slow september. that means we are right at a negative quarter. >> laura: kelly, how important is this with back-to-school shopping? people are in the stores every store, clothes stores, book stores. we need people to be shopping now for this economy. >> back-to-school the second most important season for retailers. important itself. important for holiday retail this season is back end loaded. what they were hoping because remember they have to push through price hikes. they were pushing for consumer in a better position. what we see now is a consumer on its a hotel. consumer sentiment lowest we have seen in several decades. the problem with the falling stock market once they sense not one or two day declines it goes on top of falling home prices. two most important things for household wealth. it does have a knockdown on spending. show up in the next couple of months show up in the economy. >> laura: sense of gloom, sense among people we are in a prolonged period of economic stagnation, recession, whatever we want to call it today. and, when that happens, a plan or the announcement of a plan, is that going to be enough? if it's not, the president saying you know something? i'm bringing in entirely new economic team. geithner is out. we have x, y and z in place. something different. more bill clintonish but i don't see that happening. >> you don't see that happening because they put themselves in a box. look, it took us 20 years to get where we were with the financial disaster. the financial disaster happened, we know from history, laura, throughout the last 500 years when you have a balance sheet recession, which is what was -- what we have, it takes 8 to 10 years to work through it. now, no one wants to tell you that to your face, but that is the fact. to shorten that time frame, laura, we would have needed to see some massive changes. massive changes in terms of incentives to get back in investing. instead, we got massive incentives not to invest. that's what's taking taken a bad situation and made it worse. >> laura: my friend marty ryan bought counter tops. family businesses. he said we were just starting to see a real upturn -- uptick. and now these people are screwing it up. he says look i'm not just a business person. i'm not into politics so much. business person. this is the sentiment from business. >> weak sentiment is a problem. it's a problem and i think in order to overcome it you really need to see clarity on the outlook both in terms of growth and in terms of the policy side as well. >> laura: great to see both of you. directly ahead a gallup poll says americans have no confidence in the way president obama is handling the economy. we are going to show you she's numbers. they are disturbing. also, set your dvr's to the most controversial segment of the evening. a day after republican congressman allen west says the democratic party has treated african-americans like slaves. congressman charlie rangel responds. you are not going to want to we used to bet who could get closest to the edge. took some crazy risks as a kid. but i was still over the edge with my cholesterol. anyone with high cholesterol may be at increased risk of heart attack. diet and exercise weren't enough for me. i stopped kidding myself. i've been eating healthier, exercising more, and now i'm also taking lipitor. if you've been kidding yourself about high cholesterol...stop. 80% of people who have had heart attacks have high cholesterol. lipitor is a cholesterol lowering medication, fda approved to reduce the risk of heart attack and stroke in patients who have heart disease or risk factors for heart disease. [ female announcer ] lipitor is not for everyone, including people with liver problems and women who are nursing, pregnant or may become pregnant. you need simple blood tests to check for liver problems. tell your doctor if you are taking other medications or if you have any muscle pain or weakness. this may be a sign of a rare but serious side effect. great ride down. if you have high cholesterol, you may be at increased risk of heart attack and stroke. don't kid yourself. talk to your doctor about your risk and about lipitor. >> laura: only 11% are now satisfied and it hasn't been that low since just after president obama was elected in december 2008. and americans don't seem to to be happy with how the president is handling the economy either. check this out. only 26% approve. that's a new low. down 11 points since may and way below his previous low of 35% in november 2010. 71% of americans disapprove. and it doesn't get better from there. only 24% support his handling of the federal budget deficit with 71% disapproving. only 29% approve of his job creation efforts. 65% disprove. with us now the man responsible for the poll, dr. frank newport, gallup's editor in chief. those are some brutal numbers. >> pretty depressiving. those are pretty bad numbers. a lot of numbers to throw at people at one time. tell us what you know historically this means for incumbent sitting president? >> excellent question. the key is his overall approval rating. which is 40% today. the president wants to have probably about 50% to get reelected. we have had 10 presidents since world war ii who have tried to get reelected. seven were re-elected three weren't. george w. bush had approval rate -- basically 10 points higher than where he is now. >> laura: when bush left office 2006 republicans lost all those seats and 2008 more seats. president's approval rating then was at about, what, 36? 38? >> weighs down in the 20's before he left office. >> laura: great? how did i forget that. >> george w. bush left lisping out of office. he wasn't there when he got reelected in 2004. in september of 2004 he was at 50%. he was right at the cusp and he beat john kerry. >> laura: right now the economy is the number one issue for everyone. when you look at the numbers, specifically your numbers, tracks other polling numbers as well out there. consistently. how he has handled the economy. that is what has really taken a nose dive. even the handling of let's say afghanistan. that's dropped precipitously since bin laden's killing back in may. >> that's right. although the may reading was art -- not artificially but higher than it had been previously in the obama administration for obvious reasons. if you look at his whole term he has been about where he was in afghanistan previously. you are right the economic ratings are bad. but the americans see the economy as in terrible shape. almost anything we put in front of them right now that relate to the economy, bush, congress, obama, anybody we mention we're going to get bad numbers on the economy right now. number one problem. consumer confidence is terrible. american public is saying we are in bad shape. >> laura: remember, talking to the bush folks in the last couple of years of his second term, and consistently it was well, we don't look at the numbers. the numbers go up, the numbers go down. by point to them consistently was, you know something? you lose influence. when your numbers are where they are. you are not going to have the influence you had before when you say look the public is with me. i'm riding pretty confident right now. you're diminished as a president in those particular areas where your ratings aren't high. i don't think you can keep saying i'm not looking at the numbers. do you think obama is not looking at these numbers? >> of course he is looking at the numbers. of course karl rove looked at the numbers for president bush. teddy roosevelt. history shows presidents, as i think they should be, are very much aware of where they are in polling. pay attention more what the public is saying. there is a lot of wisdom out there in john and jane dough across the land. >> laura: very sour on afghanistan for years. ron paul was pretty much saying pulling more quickly out of afghanistan. >> that's right. at the moment that's way down the list of priorities. you said it a moment ago. it's the economy. and then it's jobs. the deficit but also americans have a a lot of disdain for how congress is working in general. >> laura: congressman terrible numbers lower than obama's. that's lumped in together both republicans and democrats. republicans scoring terribly. >> that's right. after the debt crisis debacle or debate or agreement or however we want to define it congressman approval dropped to 13%, which is tied for the lowest in gallup poll history, goes back many decades on that, but, you are right, it's kind of a pox on all your houses in washington. obama gets dinged. republicans get dinged more than obama and americans get dinged. americans are not very happy with the effectiveness of how things are going on in washington. not so much a partisan concern i think right now. a lot of americans are concerned about confidence. what are they doing? >> laura: when the market dropped 450 one day and 500 the other day. people are saying what the heck is happening here. key independent voting block in the united states caught people in the middle fleeing obama in huge numbers according to your poll. >> well, they are down. but, of course, everybody is down. so a lower tide in the harbor brings the mast of all the ships down. yes, independents are down, not as much as republicans but, that's right. if his overall approval rating is had 0 as opposed to 50 independents are going to be down. >> laura: independents are critical for both parties but he is the man in the white house now and he needs some of those independents. >> absolutely. if his approval rating were to rise back to 50. that's primarily going to be the result of the economy if it were to recover next year in jobs independents would come up with it. approval rating goes most of the time independents go with it. >> laura: i have never been polled. >> you have not? >> laura: never. >> i would say your chances of getting hit by lightning dr. george gallup head of our company polled 300 million americans. >> laura: email us with your opinion dr. any port. two are going to respond to the president's dismal poll numbers. the segment everyone is going to be talking about tomorrow. actor allen west charges the democratic party with treating black americans like slaves congressman charlie rangel enters the no spin zone to respond coming up. ♪ [ mrs. davis ] i want to find a way to break through. to make science as exciting as a video game. i need to reach peter, who's falling behind. and push janet who's 6 chapters ahead. ♪ [ male announcer ] with interacve learning solutions from dell, mrs. davis can make education a little more personal. so every student feels like her only student. dell. the power to do more. >> laura: continuing now with our analysis of the new gallup poll on president obama. does it indicate a collapse of confidence in the president? well, at the very least some folks are frustrated. take a look at what happened yesterday when a farmer told the president he didn't want government bureaucrats telling him how to grow his food. >> we enjoy growing corn and soy beans and we feel we do it as safely and efficiently as we possibly can. please don't challenge us with more rules and regulations, washington, d.c., that hinder us from doing that. >> if you hear something is happening but it hasn't happened, don't always believe what you hear. >> laura: that answers the question. is it wise for the president to be dismissive of these concerns? with us now democratic strategist and former pollster for president clinton. i understood this bus tour was not political. okay i will take him at face value not political. but it was intended to put the president in a situation where he got to understand the concerns of people, working people, to empathize with their concerns. that's fair, that's fine. i think he had a concern as a farmer. he seemed like kind of a regular guy. i'm not sure -- tea party guy. do you think that answer to his point that look, the regulations are killing us basically what he said? do you think that was a wise answer, bernard? >> i think what the president needs to do and he needs to get out of washington. he needs to go out on the -- bus tour exactly what's needed. he should be out of washington all of september. what he should be talking about is the job creation plan which is cutting taxes, extending the payroll tax holiday for employees and employers to that. cutting regulation. he should talk about streamlining the patent approval process getting trade agreements passed and -- >> laura: is he blocking the free trade agreements now. that's not exactly right how you just presented that putting that aside, do you think the president handled that particular question well? did that make the president seem empathetic to this man's concern? >> i think that the president needs to be far more aggressive in explaining that the pass job creation in this country. >> laura: that's not what the guy asked. the guy asked about regulation. the president didn't either know what he was talking about and the president didn't answer his concern. >> i don't think the president was being dismissive at all. first of all the department of transportation just announced no new regulations on agricultural vehicle. that was announced recently in the agricultural industry was very grateful for that. >> laura: if he might have said that maybe if that true is is the case, maybe the president could have said that. >> we didn't hear the whole sound. i think the president did elucidate further. >> laura: no. not to that extent. we have to be balanced here good regulations protect people and businesses. ask anyone who has salmonella how they feel about food safety inspectors. certainly they play an important role. >> laura: i wring this up because again i understand what the president and advisors said this bus tour was about. i get it, understand. both sides say it's not political. always politics in everything. i think it's a real question. does the president appear to understand the concerns of small business owners? medium size business owners? farmers how they live their daily lives? he has just landed in martha's vineyard, okay? i have been to martha's vineyard, beautiful place, nice place. nice place to go. is that the right optics right now at this time when the market dropped 450 points and people struggling? would you advise him to do that bernard? >> presidents always take vacations in august. always subject of attack. i think what we really ought to focus on is the differences between this president and the republicans in congress which are held hostage by the tea party which the tea party would sacrifice. >> laura: do you know how ridiculous this sounds, bernard? >> tea party short-term economic gain. >> laura: democratic strategist holding up the tea party as the most transformative guy to ever run for the presidency. that's what we are told. new politics, changing politics, bringing people together. we have 9.2% unemployment. you guys had the congress and the senate filibuster-proof senate for two years and the presidency. you had two years to pass the budget, couldn't do it. so you are going to blame the tea party for the first two years, too? >> no. what we are going to talk about right now is the fact that the tea party has made it very clear that they run the republican party. >> laura: i must have missed that memo. >> absolutely refuse to pass any legislation that had an ounce of revenue increases, even if it was a 10 to 1 spending cut. >> laura: go home and be quiet? who is more in line with the way regular families are thinking about things this day the tea party or president obama. >> president obama. two thirds of the american public made it very clear they want to see a combination of spending cuts and revenue increases and the paper said no, no, no. >> the tea party's approval ratings are just as low. they are actually much lower than president obama's. >> laura: first of all, the tea party is not an individual. okay? it's a group of people. >> they do not represent every american. >> laura: all over the country. i have met some of these guys and gals. they are different people. some people stress economics, some have views on immigration. the tea party? >> that's what they call themselves the tea party. i am referring to the name they call themselves. >> laura: if i'm sitting where you are sitting tonight, i'm thinking, gosh, this guy better turn it around. okay? because the tea party ain't going to save you guys. >> laura, you have to admit this, the president has major challenges because the republican party has made the political calculus mitch mcconnell by his own words said our number one priority is to make sure is he a one-term president. well, if that's your number one priority, then job creation should be the number one priority of the republican party. >> laura: should be we are out of time. >> job creation. >> laura: i think it is. but they think he must go. >> voters trust 420725 over -- what other president in his third year had an approval rating where obama is ronald reagan 43% august of 1983 went on a landslide in the direction. >> laura: where was the economy going at that point? that economy was skyrocketing up at that point. >> thank you so much for being with us. wish we had more time. as the factor moves along this evening, we will take to you martha's vineyard while the president is on vacation while the economy tanks. first, fasten your seat belts, most controversial story of the night, day one after black conservative congressman colonel allen west accused democratic party of acting like plantation owners. liberal congressman charlie rangel enters the no spin zone and responds with a vengeance. we hope you stay [ male announcer ] this is coach parker... whose non-stop day starts with back pain... and a choice. take advil no and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ way to go, coach. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. >> laura: in the factor follow up segment tonight, the republican presidential candidates are hitting the campaign trail hard this week. and congresswoman michele bachmann is making this promise if she is elected. >> the day that the president became president gasoline was $1.79 a gallon. look at what it is today. under president bachmann, you will see gasoline come down below $2 a gallon again. that will happen. [ applause ] >> laura: meantime governor perry was greeted by unfriendly audience in new hampshire. >> ask him why he doesn't believe in science. [inaudible] >> hands off our medicare! hands off our medicare! >> laura: joining us from washington is fox news chief political correspondent carl cameron who is monitoring the g.o.p. races and from martha's vineyard that's a tough assignment fox news white house correspondent ed henry. good to see you. ed, i want to start with you. >> good to see you. >> laura: optics being seen by some and this often by president taking vacation in difficult times. the stock market took a big nose dive today. the numbers from gallup are terrible for the president. what's the new news on this visit from martha's vineyard. anyone rethinking it? >> well, no. they are saying he is going to go ahead and stay for the entire 10 days. it definitely is risky politically. i think we do have to add the context of the fact that look i was in crawford, texas when the pakistani prime minister was tragically assassinated and president bush had to interrupt a vacation. i was in honolulu with president obama when there was an attempted terror attack in detroit on christmas day a couple years ago. that vacation was interrupted. so my point is that presidents can't get away from the presidency. so, he is stilgoing to be working at least a little here. is he going to have an economic aide here briefing him every day. he is going to have a national security aide john brennan briefing him and making sure he is on top of national security. the optics are very difficult for this president right now. the last thing they wanted was on the day that he lands here for the big dow dive because that certainly hurts on the optics. i think the comparison might be, look, people largely look the other day when george w. bush vacationed a lot. a lot more than this president by the way. it was relatively calm economic times. president bush's father h.w. bush was in awful economic times. weighs vacationing kenny bunk port near here and he paid a price in 1992. >> laura: think this news is what it is and you are in a place like martha's vineyard not like crawford texas, the rich and famous go there and hobnobbing. let's go to what happened in the campaign trail. bachmann and perry. bachmann promises low gas prices very low. perry getting hit by that mom who was coaching her child to ask questions about the age of the earth and so forth. perry tell us about it. >> perry picked up on it immediately. the young boy asked how old is earth? perry said he didn't know. and then said to the young boy i think what your mom wants to know is about evolution. and he went on to say that evolution is a theory and in texas they teach creationism. and as the boy and perry were sort of parting company you can hear the mom say ask him why he doesn't trust science? ask him if he believes this science? typical new hampshire mischief mom and son going after the candidate. perry has had a mixed reviews from campaign trip. and attempts at retail on the streets of porth smith which is a liberal part of new hampshire he got hit by a group democratic activists part of an organization that actually said they were going to go there to demonstrate against him. bachmann we have reached a point where some of her misstatements and video sin crazies video sin crazies. >> she was in south carolina today to capitalize on the big win at the iowa straw poll. by capitalize cash in. put the money in the bank. working on bundling operation to wrack in big bucks. she, too, has had whether it's gas prices at $2 which is going to be a hard promise to keep or some the anizations that her security has been too rough on reporters and actually kept her away from the peeps on some occasions. >> laura: we have seen the reports wearing big knee on t-shirts with security on them. i'm not sure that's that big of a story. come on, carl. you can take rough stuff. >> has nothing to do with her quality to be president, either. >> laura: exactly. talking about surrogates for obama who is already out there. the president is vacationing. arne duncan secretary of education. he gave interview it's going to air tomorrow. we have a clip from it. he talked about texas and texas education. let's listen. >> you have had no harcher critic than governor rick perry of texas. how does texas stack up over the last 10 years in education? >> texas has really struggled. i feel very, very badly for the children there texas may have the highest high school dropout rate or, i'm sorry, the high -- the lowest high school graduation rate in the country. far too few are actually prepared to go on to college. >> laura: ed, obama might not be talking a lot about perry. well, he just hit the campaign trail. i will be easy on him but the surrogates are out there. >> they are. in fairness he was responding to a question. this is energetic education secretary who has been working pretty hard. i interviewed him before. evidence is all over this issue. you are right in the sense that, you know, he could have maybe not hit back quite as hard. and not engaged but, he decided to do that. and i think it's clear, it's amusing because i have heard so many people in the obama world saying we're not engaging with any of these kinds. we are not going to get into it. later on in that interview secretary duncan just saying i feel bad for these kids in texas. it's not about the governor. i think he is a sincere guy at the same time i think there was some crocodile tears there because if they can dump on rick perry they will. >> laura: i feel very very very badly for the kids of texas. we appreciate it thanks. next up most explosive segment of the east coast. as charlie rangel responds to accusations from conservative congressman allen west that the democratic party treats african-americans like slaves. right back with it. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the cc. and every volkswagen includes scheduled carefree maintenance. that's the power of german engineering. right now lease the volkswagen cc sport for just $289 a month. ♪ visit vwdealer.com today. >> laura: thanks for staying with us. i'm laura ingraham in tonight for bill o'reilly. in the unresolved problem segment tonight, a huge reaction to a segment we did last night on the factor about frustration in some parts of the african-american community with president obama. as we mentioned, the black unemployment rate in the united states is now at about 16%. which is a lot higher than the overall unemployment rate which is about 9%. we spoke with florida republican congressman allen west who leveled some very serious charges against the entire democratic party. >> you have this 21st century plantation that has been out there where the democrat party has forever taken the black vote for granted. and you have established certain black leaders who are nothing more than the oversearing of that plantation and now the people on that plantation are upset because they have been disregarded, disrespected, their concerns are not cared about. look at the devastation in the black communities. you look at what has happened to the inner cities of chicago or detroit. >> laura: with us now to respond new york democratic congressman charlie rangel, a long time member of the congressional black caucus. congressman, it's great to see you. i know you watched last night. you have some thoughts. what are they? >> i'm really surprised at congressman west going back to harriett tubman who was historic figure during slavery time and i know he is new and is he a freshman and -- before you get before an election is very important. he doesn't come from a political party ha can ridicule plantations and that type of thing. i really think at this time with the unemployment that you have recently shown it's not just blacks even though we doubled the national average, but it's every american. they are fed up with us down in washington fighting each other. all we have to do is come together on job creation, then we can go on and fight. there is plenty of things to fight about. >> laura: there certainry are. you are saying that congressman west, african-american, cannot use a plantation analogy? he is not allowed to use that? i'm trying to figure out what words we can use and can't use. >> what do you mean we can't? are you confused about whether or not you can use plantation black republican? >> laura: substance what he says very clear. walter williams, tom seoul, i guess they are not authentically black either they can't say that they also made similar analogies. let me finish, sir. >> okay. >> laura: basically said the war on poverty might have been started with a great deal of good intentions has been an utter failure for many minority communities in the united states in the inner city and the school system. we have seen increasing problems. both within the family, within unemployment, across the board problems. has the war on poverty been a success in your mind? >> now, this something entirely different. >> laura: no, it's actually all tied together. >> you were talking about harriett tubman and plantations. >> laura: it's a criticism. it's a substantive criticism. >> i don't care what he says. if you want to deal with the fact that something worked, then you are 100% right. we can talk about unemployment. >> laura: has it worked? >> no. but why. >> laura: is liberalism working for the black community right now. >> i swear i wish i knew. you got a whole lot of different things. if you want to talk about the empowerment zonel which i passed and we have them all over the united states. that has worked. >> laura: you won't answer the question. >> no. a liberal congressman can serve. >> laura: brought about a number of larger government programs that promised empowerment to the inner city. poor people, minorities, did it work? it's an objective question. did it work? >> listen, you -- this republican wants to talk about plantations and. >> laura: he is missing the point. >> he is now you want to make the point about lyndon johnson war against poverty. we are going through a period of today of high unemployment. >> laura: what has liberalism done for you lately? what pass president obama done for the black community in two and a half years? i think that's a very serious question. i think it's an important question. >> you haven't asked that. have you asked a half a dozen questions. >> laura: you seem to want to quarrel with the wording of questions instead of get to the substance of the question. i'm really delighted you came on. >> listen, i'm glad i came, too. >> laura: let's try to start over. >> okay. now, forget all the tubman plantation and all of that. >> laura: al ledge west was making a very provocative point. people have used colossal language on the left and the right. both have. maxine waters is clearly very fru frustrate with the president. she let loose on him yesterday saying look he is not coming into any black communities. coming at it from her perspective. allen west is coming at it from his. i would ask you, has the president's economic plan, have they panned out for minority communities especially? >> heck no. because the republicans made up their mind and as soon as he got elected. >> laura: okay. >> laura: would. >> thank you so much. your countries sound like little mini questions. >> laura: maybe you don't get real questions from real people i don't know. >> this your show but what about real answers? >> laura: had you a democratic house, a filibuster-proof senate and white house in democratic hands. you had that for the first two years. can't blame republicans for those two years or can you? >> we can say what the man inherited if you would permit me to say it. >> laura: those two years you were fully in charge no republican house. did it work out? >> we had two wars that we shouldn't have been in. >> laura: bush's fault? >> let me say this that bill o'reilly told me he had a secret weapon. i didn't know it was just a pretty girl that he would bring in. >> laura: that's condescending sir. a pretty girl. these are serious questions. >> you have asked me 50 questions. >> laura: right. >> i'm begging you. >> laura: let's hear an answer. you are not answering any of the questions. >> i'm begging you to leave on the plantation stuff and this. >> laura: we have moved beyond the plantation. >> leave out johnson and the poverty program. >> laura: that's actually a serious question. >> and just ask me one question at a time. >> laura: i have asked four questions and you haven't answered. >> the last question that we had a democratic president who inherited a heck of a deficit. and he inherited a couple of wars. and then after we lost the majority in the house, i think it's safe to say that the republicans took the position that their primary objective was not to work with him but to get rid of obama. even while we wait now waiting for the vacation for job program. >> laura: should the president have taken a vacation? >> we have a dozen dozen bills that we have brought out. >> laura: you guys haven't passed a budget, sir in 600, 700, 800 days when the democrats had the opportunity to pass a budget. >> i want to let you know one thing. people in america who are unemployed aren't thinking about your budget. they are thinking about getting a job. >> laura: i'm not in congress. you are in congress. >> people out of work. lost their homes. >> laura: maybe they are looking at washington. >> this is how the republican. -they did then 00 republican thing. this is what happened. this is what we inherited. >> laura: congressman, at some point does the buck stop at the white house? >> it does but we can't say that we didn't inherit a lousy economy. high unemployment. a hi def sit. >> laura: why was he elected? he was elected because he had ideas. >> you bet. >> laura: you lost in the mid terms like it happens. people are up. people are down. no doubt about it. >> there was an assumption that republicans would put the country above their politics. it was clear the polls see it clearly that republicans would rather this country go down in detaught and international obligation. >> laura: you are questioning their patriotism. >> i'm questioning the fact that they were prepared to allow the country to go and they admit this and they were on television saying it. >> laura: who is they? >> they are the candidates that are running against obama. >> laura: congressman actually in the end the debt ceiling was raised and the president signed the bill, sir. >> did you see any of the 10 candidates he asked them. >> laura: talk about the candidates. you will not answer a simple question. has obama worked for the inner city? >> no. >> laura: good. that's a great answer. that's a truthful and good answer. >> and the country hasn't worked for the country either. and it's not just the inner cities. we have got white people, middle class people whose dreams have been shattered. >> laura: i agree with you. >> i'm not talking about the bush administration or the obama administration. no one cares which administration it was. america is made of people who dream and have hope that they can have a better life. that was snatched interest them and obama has not restored that hope that was taken from them by george bush. >> laura: thank you, congressman. >> i have to quit? >> laura: i wish we had the whole hour. >> i would love to come back. i'm sorry that i said you were attractive. i withdraw that completely. >> laura: i was going to make a joke about the condo in the dominican republic i didn't make that out of respect for you. he should have taken your condo instead of gone to martha's vineyard. >> the condo actually wasn't worth that much money. >> laura: name names even though they wish we wouldn't. they wish we wouldn't. what a fun segment you could save a bundle with geico's multi-policy discount. geico, saving people money on more than just car insurance. ♪ geico, saving people money on more than just car insurance. [ male announcer ] this is what it's like getting an amazing discount on a hotel with travelocity's top secret hotels. the easy way to get unpublished discounts of up to 55% off top hotels. harpist not included. ♪ >> laura: in the back of the book segment tonight a factor exclusive, which members of congress are living large and worth tens if not hundreds of millions of dollars. we have brand new list exclusivery from our friends at "roll call." in the top ten there are seven democrats and three republicans. coming in at the top of the list is g.o.p. congressman from texas michael mechanical. is he worth mccall. $294 million. darrell issa number two about $220 million. john kerry is number three worth nearly 200 million but mostly his wife's money. and democrat jay rockefeller from west virginia with a name like rockefeller you have to be rich he is number four with almost 82 million. of course, he didn't earn that he inherited it from his family who made a lot of dough in oil. joining us now from washington is paul singer, the associate editor at "roll call." paul, people love lists. the list issues always do really well. tell us how michael mccall made his money. most people don't know who he is tell us about him. >> sorry to tell you it's a result of his wife. his wife is the daughter of the founder of clear channel communications. and what has been happening is mccaul shot to the top of the list this year they have been inheriting chunks of this money overtime. five years ago he was worth maybe 12, $15 million. going up by big chunks this year. this year it zings to the list of 12 of 50 richest. >> laura: a lot of your numbers are going to have be revised downward after the last month of the obama economy. >> keep in mind all these numbers are ridiculous. the fact of the matter is they report them in large sort of bland categories that don't tell you much. something might be listed between 1 and $5 million. some might be listed as over a million. that could be a billion. we think john kerry is probably the richest guy in congress. you don't see it because of how it's reported. all of his wife's money. she doesn't have to report the wife's detail. >> laura: people watching this might be surprised most of the people in the top ten are democrats. seven democrats, three republicans, right? >> yeah. well we did the top 50 and it's 31 republicans and 19 democrats. the top 10, as you said is 7 democrats and 3 republicans. again, because categories are sort of amalleable, it's hard to put anyone in any specific spot. these are all minimum net worth. they could be -- >> laura: who is the oddest story? is there anyone of the top earners or inheriters who have con conventional path to wealth? >> one of our favorites is herb kohl is usually listed as the poorest member of congress because liabilities outweigh the value of his basketball team. jared from colorado who became internet millionaire with blue mountain greeting cards online. basically most of these people made their money the old fashioned way. he they inherited it or married it. >> laura: how about darrell issa. >> he made his first million in this automobile protection, you know, the car alarm, viper. but he is now converted his money into real estate. and you'll see this year his apparent wealth has basically doubled. and the reason is, again, he had a bunch of it in one big pile before, now he has gone out and moved some of those piles into various littler piles they add up to more. a bunch of buildings in california. >> laura: how many women in the top 50? >> that's a really good question. i have never done the math that way. again, does it count that teresa hynes has all of john kerry's money? >> laura: yes. >> john kerry's name on the list but its his wife's money. hard to sort out how many of these people the money travels through the wife instead of the husband. >> laura: a lot of these people who are wealthy. my view is we want everyone to be wealthy. so i'm against demon mizeizing people who are wealthy because we want more people to be prosperous. they are not going to be out there flaunting their money in the country is hurting because you want to look like you are able to connect with the people. a lot of people are hurting and they see a lot of, you know, fat cats for lack of a better word in congress. >> we have done this for 20 years every year. you will see some fluctuation in value as the stock market comes and goes. >> goes up and down. >> members of congress tends too to do better than the rest of us does. >> laura: pinheads and patriots next. guy called the situation on the jersey shore? 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[ male announcer ] if you're in a ford f-150 and you see this... it's the end of the road. the last hurrah. it's when ford's powertrain warranty ends. but in is ram truck, youe still got 39,999 miles to go. ♪ guts. glory. ram. ♪ . >> laura: finally, pinheads and patriots. are you familiar with the situation? tell me no. he's one of the stars of the mtv reality show the jersey shore. evidently abercrombie & fitch has offered cash to the situation to not wear any of its clothing ever again. the imus crew on fox business debated it. >> they should be happy. he's a well groomed dude. he's got his hair clipped, tanned up, clearly looks waxed. >> more people hate those low lives than like them. he's hurting their bran. >> why are you they watching the show? >> more people don't watch than do watch. >> you can say that about almost any television show. they have the best demos. >> casey anthony wore abercrombie & fitch you think they would be happy? >> let's put them in the same -- >> everybody is watching. >> please a child murderer and some guy trying to make the world a better place. >> laura: i love the imus crew those are my pepps. attention abercrombie part of what peeks the situation the situation is he normally doesn't wear much clothing at all. for cheap publicity the abercrombie folks are total pinheads. >> now something very patriotic. the bolder fresher tour. the show on long island this weekend. for more information on bolder fresher.com. monday premium members will see exclude sieve video from the tour. while you are -- considering that, consider buying my new book five weeks on the new york times best seller list. available at lauraingraham.com signed. thanks for watching.
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