Nothing about those problems. I was not informed correctly that the web site would not be working. As the way it was supposed to, had i been informed i would not go out saying this is going to be great. Lou press secretary jay carney today confirming this our own ed henry that president obama was briefed on the mackenzie respect findings in march of this year. Carneys admission contradicts the president. And mr. Own Statement Last week is latest example of the administrations seeming pro pencety to mislead and deceive the public. The president met with Insurance Industry executives and hhs secretary Kathleen Sebelius on april 12 of this year, just days after both became aware of the mackenzie findings, that unfortunately is one incident. There are many more. President obama told americans they could keep their doctors and their insurance if they liked them, at least 37 times, during the president ial campaign. We know those statements are untrue. And raise questions as to whether obamacare could have passed without those president ial untruths and whether we would have been reelected. President invoked economed exece privilege. President obama said he did not know about irs targets of conservative and tea party groups. Nsa spying on World Leaders or department of justice snooping on reporters. The Obama Administration lied to the American People, whether they claimed that a juvenile video sparked an uprisinghat lady to the death of 4 americans in benghazi, but the president implied untruths to u. N. General assembly 14 days after he claimed he knew that benghazi was a terrorist attack. There is no. There is no speech that justifies mindless violence. There are no words that excuse the killing of innocence. There no video that justifies the attack on an embassy. Today the president tried to shift focus from obamacare roll out and his own record untruth and a damning new poll that shows his unfavrahability at an alltime record high, fox news chief White House Correspondent ed henry has our report. President obama as midded today admitting his Health Care Role out has been tough, but he solicit shifts some of the blame to the republicans. We had one side of capitol hill is invested in failure that makes i think the kind of process of fixing glitches as they come up and find tuning the law more challenging, but im optimistic. Reporter president acknowledged that problem shaken americas faith in government. We are going to have to fix the web site so everyone feels confident about that well have to remarket and rebrand. And that will be challenging in this political environment. Reporter the new gallup poll shows that attitude forward Government Role in health care has turned against the president with 55 offed ins says that the government should not be involved. And news poll shows this mr. Obamas Approval Ratings have dropped to the lowest point of his presidency, 52 with an unfavorable impression of the president. The president broke a major promise to the American People. Now it is shard for them to trust anyurances under that law. Reporter president suggested at a news confence last week, he did not know that the web site would be a mess. I dont think im stupid enough to say this is going to be like shopping on amazon a travelocity a week before the web site opens if i thought it wasnt going to work. Reporter today spokesman carney acknowledged that the president was briefed in march on the mackenzie report warning of the potential problem. Made observations based on the interviews that needed to be fixed, and made recommendation that hhs and camerica cms adopto improve the site. Ed. He did followup . The president , got regular briefings and was told there were problems that were being addressed. Reporter the president s credibilityo the line over a letter he read from october 21 on a single mom that he used it claim the new law is working. Now finally, we get to have coverage because of the aca for 169 a month. I was crying the other day when i signed up, so much stress lifted. Reporter but that mom says that tax credit was reduced so coverage is too expensive and woman told cnn she is embarrassed and disappointed. I dont know the numbers about herrin come or her income. Reporter those facts should have been eablished before the president hailed it as a success story. Jay carney now says that officials are reaching out to figure it out. Lou. Lou ed thank you. On capitol hill today, stunning new information about the obamacare web site, at a hearing of the house, energy and commerce committee, todays revelations, not good news for the Obama Administration. Healthcare. Gov still is not built. 30 to 40 remains to be built including a critical system for making payments to insurance companies. And it is now not expected to be built until the beginning of the year. So says camericas deputy chief Information Officer henry chow, it claims they did not know or refuse to reveal the number of details about the roll out, that are now only now being discovered by congressional inquiry. And wel elements of national lil media that have begun to awaken to their responsibilities as watchdogs over a powerful central government, fox news chief congressional correspondent, Mike Emmanuelle with our report. Reporter white house and health and Human Services officials had a 6 month worning that healthcare. Gov was in trouble. Still could not fix it. Administration was on track for disaster, but stubbornly they stayed the course, repeats claims this was well and on track. Reporter last spring Administration Officials were warned by outside Consulting Firm mckenzie and company there were concerned about healthcare. Gov web site such as no single Decision Maker with power. Hell and Human Services secretary sebelius, and marilyn tatavenner were briefed. Reporter briefed. Sert sebelius was at a april 4 meeting wreck pert identify threats in risks launching the site ono 1. Reporter upton said that sebelius upbeat testimony to committee on april 18 did not match what was happening behind the scenes. Our energy and resources are focused on getting it up and running were on track, contracts have been led, were monitoring it. Reporter today in Miami Sebelius said shy thought it would work. We were hopeful that testing that we did, and we did some endtoend testing would be sufficient. It was not. And on balance, made a decision to move ahead, you know i i have known then what i know now we probably would have made a different call. Reporter some lawmakers say it is time for heads to roll. This report said that white house knews whatever going on, they done tell the president , he ought to be firing these people today. People. Gerri there would be glitches and problem but certainly, we never expected, he was not told. Reporter one of Obama Administrations Top Information Technology officials henry chow said he was out of the loop. I was not given the final report. Reporter he did write an email to colleagues in july expressing doubt about the web site. He was asked about those concerns today . You made a come about you didnt want this to be a plane crash. Well, you refer to email. Yes. That i had. Yes, that email did not say everyone is going fine. Conial laces team, you must have had awareness of problems. Reporter chow said up to 40 of it sim supporting the echange still need to be built that suggested that healthcare. Gov will not be fully funfunk function alibi the next deadline. Thank you. Lou a Committee Hearing on healthcare. Gov about flaws that put user personal information at risk. White house is claimed that private information of consumers is protected, the Security Experts disagree. Citizen to use this web site, yes or no . No, sir, not this time. Same answer. Same answer. I wouldnt. Would any of you had launched healthcare. Gov recommended the launch, given the factual, known status of the web site, ono 1 . No. No. No. No. Lou more on todays damning obamacare revelation later with house energy and commerce member congressman steve schall ease. Today, dow jones fell 9 points. S p lost 4. Nazdaq down 17 1 2. Were coming right back, stay with us. On obamacare train wreck gets worse. Health healthcare. Gov still is not fully built, and all your personal information is open to hackers. Congressman steve on the latest revelations. This is the quicksilver cash back card from capital one. Its not the fumbling around with rotating categories card. Its not the etting blindsided by limits card. Its the nogameplaying, noearninglimithaving, deepbombthrowing, givemetheballandilltake ittothehouse, cash back card. This is the quicksilver cash card from capital one. Unlimited 1. 5 cash back on every purchase, everywhere, every single day. So let me ask you. Ats in your wallet . Lou officials in at least a half does know states in the midwest are trying to assess the damage, and find anyone what may still be trapped after a series of deadly tornado over the weekend, 8 people have been killed. 120 injured in washington, illinois. Authorities say more than half a Million People remain without power across the midwest. And United States providing 37 million of humanitarian aid to victims of typhoon haiyan in the philippines. A First Congregational Church tonight challenges healthcare. Report shows on white house knews whatever going on, if president was not informed he needs to hold people accountable, and heads should roll, joining us congressman steve scalise, chairman of the republican study group, a member of energy and commerceroup, graduated from Louisiana State university with a degree in computer science, working for a company that did write code in software. Good to have you with us, these revelations are at the very least damning but with so many on this day, which to you is most surprising . Well, lou, i think that the rovelation that white house officials, and secretary sebelius were informed, in meetings, in april of this year, where they were notified the whole web site debacle would happen, it was going to crash. There were problem. Th were testifying around that same time, in our committee that sufferers all fine. We saw that white house knew, and secretary sebeliu knew that this was going on. All at same time they tell us, and president is telling the American People, it is just like buying a tv on amazon, there was cents edible misrepresentation and incredible mes misrepresentation and misleading. Lou and chow said he was aware of the mackenzie report, and he participated in it. He suggested high should be not Health Account able . We know, it was in Washington Post today, this morning, he said he had not seen it. He testified, you know you wonder, what the people are doing. They spend hundreds of millions over 500 million of taxpayer money to develop a site that does not work, and millions are getting canceled. President out there on campaign trail, time and again saying, if you like what you have, you can keep it, there are reports that weve uncovered going back to 2010 where president knew that people were not be able to keep their healthcare they liked. So you know this is sad when the American People can no longer trust the president. Lou well, the bureaucracy whether it is at fault or political appointees of this president. Mackenzie points ought there was not enough ern personal comp internal competency to take on this. In the mckend mackenzie repo, which i reviewed it basically described chaos within the Obama Administration, nobody is in charge, multiple people giving conflicting orders to the contractors, and nobody testing it. As you mentioned, i program computers, i wrote test plans, the programs i wrote, worked, we tested them. But look at what is going on here, president out there, today actually trying to blame republicans for this he said you know those republicans because they didnt like the bill, they dont like my law, that is why this is failing. The president owns this. Reminds me of that tom petty song, freefalling, he is trying to blame somebody else. But it is all falling on him. The president has misled them, for he known this would fail, and he looked people in the eye, and said they are going to keep their plan, that quote his i guess roll model. Reverent right, the president s chickens are coming home on roost 9. Lou congressman steve scalise. Thank you. I regret you associated a terrific song, tom pettys freefalling with this train wreck. No disrespect to tom petty. Lou up next, approaching 5 trillion, we talk with wall wall street legend jim rodgers here the American Dream is of a better future, a confident retirement. Those dreams, theres just no way were going to let them die. Like they helped millions of others. By listening. Planning. Working one on one. Thats what Ameriprise Financial does. Thats what they can do with you. Thats how ameriprise puts more within reach. Lou the Justice Department finalized a settlement with jpmorgan chase. Johnson johnson agreeing to pay 2. 5 billion to resolve thousands of lawsuits by patients who allege a received defective hip implants. Federal government launched an investigation into tesla motors model s. 3 teslas have caught on fire but the ceo, is probably thinking that fires would have been worse had the cars been powered with gasoline. Lou wall street has been thriving this year, enjoying a 26 gain, totalling more than 4 by 4. 5 trillion in market cap is warning investors if be careful. Fed chairman ben bernanke moments ago said quantitative easing will go on for quote, as long as needed. Joining us on whether shorts stocks is the appropriate strategy or this market now nearing bubbles. Author of book street smarts s s jim rodgers, ben bernanke must have known you are going to join us tonight. This is bad for my nervous system. The first time inistory every central bank is trying to debase their currency, japanese said we will do unlimited amounts of money, bernanke said i can top that, we will do a trillion dollars a year, this is madness. Lou but at this point, it may be a little bit like the guy in the bar snapping his fingers to keep away pink elephants, but at this point were not in a period of disinflation. Were not facing it appears a tsunami of deflation that would create even more painful results, right . Of course, do you go out . Your butler does your shopping. But for those of us who buy our own stuff, or go to restaurants or entertainment, we know that prices are up. Go to the doctor. Send your kid to school, prices are up, no matter what they say in washington. Lou is that necessarily a bad thing . We have assets rising in price. We have 4. 5 trillion around that we didnt. That wonderful for people who get it. But unemployment is still higher than 6 years ago. But why is that. Lou were talking fiscal policy, monetary policy, why is that . Going into the wrong place, they are printing the money, that is wonderful for everyone that gets it, it goes to government bureaucrats, you look at where employment has gone up that is government bureaucrats, what does that do for the American Economy or make america competitive . Lou okay, as an visitor investor what should this president be doing to create jobs . He should do first is i have to establish that knowledge base. He has not. He is not going to, i understand. What they need to did is, stop printing the money, and having these artificial things going on. First they need to let Interest Rates go back to a normal issue natural level. Hold on, yes, 4. 5 trillion on wall street but, in the meantime, the people who saved and invested, all the retirees who did not get deep into debt they are getting wiped out. Were wiping them out. Do you note wise dont hear anybody talking about these folks, they are not talking about how important it is to save. Is sounds like the fed and this president and his administration, want very simply, to reinflate our economy. They are wiping out the people who save and invest for the people who did it wrong. Those who got 6 houses, and mortgages up to their ears and no income, deep into debt, they are bailing them out, at the expense of those who save and invest. Lou a retail, individual investor to do right now . Most exciting thing in World Economy is what came out of china last week, they should learn about chinese shares, you can buy them, now. Will be 1978, dunk cow ping said we change anything, you know what chapped, they did it in 1993, last week. Very exciting things coming out of china, you can start buying right areas of chinese you know what they said, in the future, when there is a situation, the market is going to decide. Right pursuit. In washington, when they say, there is something wrong, we let the government decide. Obamacare. Government. And and in china they say, market will decide. Health care. Not the government. And i dont believe either government . I dont either. Always great to see you. Mine mine. Thank you. Up next, mike blumbergs time as new york city mayor is almost over, but he has one more nanny state issue to resolve. Well tell you abo that coming up, stay with us. The voting public has buyers remorse, governor romney tops president obama in the latest polls. A little late. The ateam next. Its as simple as this. At bny mellon, our business is investments. Managing them, moving them, making them work. We oversee 20 of the worlds financial assets. And that gives us scale and insight no one else has. Investment management combined with investment servicing. Bringing the power of investments to peoples lives. Invested in the world. Bny mellon. Lou bloomberbloomber g signed a new law today banning the