Unemploynt rate since the december before president obama took office. The economy beating expectation , creating more than 200,000 jobs last month. With september and october payroll numbers also revised higher. The Labor Force Participation rate ticked up for the first time in nearly five years. After hitting a 35 year low in october. And the total number of people out of work including the unemployed and the under employed dropped by more than a Million People last month. Those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. Wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. The doubt Dow Jones Industrials rose nearly 200 points on the date snapping a 5day losing streak and now back above 16,000. The s p snapped its own five day losing streak today, up 20 points, moving back over 1800. And the nasdaq up 29 points on the day, reaching a new 52 week high closing above 4,000. Todays paper gain, approximately 225 billion on the wilshire 5,000. For the week the dow and s p down from ending an 8week winning s the nasdaq, that stream continues, up for a fourth straight week. The encouraging jobs report stimulated investors, but it is likely to do something of a drag on one are already sluggish budget budget talks. The white house calling the jobs numbers not good enough, pushing hard for an extension of Unemployment Benefits in the ongoing budget negotiations. Jay carney, the president s view that there is an almost limitless opportunity to extend federal spendi programs of any kind irrespective of changing improving conditions. I noted the 7 percent Unemployment Rate which has ticked down which is good news, but it is still far too high and it is still significaly higher than the 56 percent Unemployment Rate which compelled psident george w. Bush to sign an extension of Unemployment Benefits when he was in office. And on the longterm unemployed i think that that the news we have today reinforces that we need to address this problem and to extend Unemployment Insurance benefits. Lou republicans argue that the positive jobs report is a reason to end of the federal benefits that were introduced and repeatedly renewed following the onset of the economic crisis in 2008. House speaker wrote in a statement, todays report includes positive signs that should discourage calls for more emergency government stimulus. Instead, what our economy needs is more progrowth solutions that get government out of the way. South africans morning yesterdays death of anapartheid hero nelson mandela. The former South African president to dine at the age of 95 will be buried in a state funeral december 15th at his ancestral home on the eastern cape province. Mandelas official Memorial Service will be tuesday in johannesburg. President obama and first lady michele will travel to south africa next week to pay their respects. President bill clinton, hillary clinton,resident george w. Bush, and laura bush will also be in attendance. Washington d. C. Will honor mandela as well with a week of tributes, including candlelight vigils at the south African Embassy and the Memorial Service to at the Washington National cathedral. That next wednesday. A deep freeze gripping much of the United States tonight. A deadly storm with arctic air packing a snelling and i see plunged hitting states from the south to the great lakes. The National Weather service issuing winter storm and ice warnings for parts of texas, oklahoma, arkansas, misssippi, missouri, illinois, and indiana. In arkansas the states governor declared a statewide emergency to make it easier for crews t repair damage to downed trees and power lines. In missouri, forecasters are warning of up to 8 inches of snow, that will fall later denied. The bad weather turning deadly in texas. At least two people were killed in Car Accidents as a result of the storm. About a quarter of a Million People in dallas are without power tonight, and airlines have canceled almoot 2,000 flights, most of them out of dallas, fort worth. This same system swept through the plans yesterday dumping one to 2 feet of snow in parts of minnesota and wisconsin. Fox news meteorologist is live in the Fox News Weather Center with the latest for us on what to expect. Rick. Big impact from this storm, wide reaching from agriculre to livesck, and the natural gas, big problems with the temperatures like this. Take a look of the wind chill in glasgow, montana,40. Between3 and40 all day long. 3 and12 in denver. 8 in armonk. Very cold air over very widespread areas. The precipitation is done with areasf the south moving in toward the ohio valley with this line of rain, little bit of an area of fezing rain and snow to the north. Snow is problematic, but the ice is really the biggest danger, and we will see a little bit of a coating of ice across some of the areas around parts of West Virginia into pennsylvania. Take a look at is what happens as we move forward in time for the evening hours. The storm will move out. By the morning is pretty much gone, but take a look at these temperatures. They do not recover all. Tomorrow evening, dallas, you dont get out of the 20s. Ice on the ground and i still on a lot of the trees and builngs. Power outages are widespread as well. That is a problem. I want to move to the west because theyre is new storm moving in. Tonights temperatures, again, incredibly cold across areas of the southwest. Otheright a big agricultural impacts. And then we have the snow moving in. Ultimately it is good news. We need precipitation across areas of the west, especially california. Lake tahoe, some of those gloves getting about 2 feet snow. The bad part is that this storm, again, moves in toward the planes. This is our current storm. Gone. By tomorrow you see the cold air still in place, snow across the four corners area, and look at this, sunday at noon this storm ajax exactly where the same storm we have seen the last there still has been. Another round of that icing rain and snow to the exact same areas for sunday in to sunday night. Lou thank you very much. Appreciated. Much more ahead here tonight. Another obamacare coverup is revealed. Former romney Health Care Adviser reacts to the latest developments, and more on wall streets triple digit rally on the november jobs numbers. Ubs chief economist will be with us to put it all in perspective, and we will also take a look at pris like and whether punishment is any part of incarceration in this country. We will be joined by author Robert Blocker who has written a book, fascinating. We will also be gging through an number of state prisons. We will show you where he has been in preparation for writing the book, the death of punishment. L of that and more straight ahead. Lou another obama coverup. New emails reveal the Obama Administration knew about a major flaw in the obamacare Small Business exchange. Former romney Health Care Adviser on this latest obamacare outrage or oversight. Next. You fill up my senses like a night in n a forest like the mountains in springtime like a sleepy blue ocean you fill up my senses come fill me again come let me love you let me always be with you come let me love you come love me again her nurse. Her personal assistant. Her housekeeper. Her cook. Her accountant. When i starled taking care of mom, i didnt realize the challenge of playing so many roles. But above all, im still. Her daughter. [announcer] visit aarp. Org caregiving to connect with experts and other caregivers. Together we can better care for ourselves, and the ones we love. Lou Obama Administration officials report more progress with healthcare. Gov. They now say that the site fails just about 10 percent of the me. Back in octor that failure rate was 25 . Government officials also say over three and a half Million Consumers visited the site from midnight sunday antonin today, but the Obama Administration still will not tell us what the november enrollment numbers are or how many people actually have insurance. Insurers are still complaining that the Healthcare Applications that they do receive are riddled with errors. And the house energy and Commerce Committee releasing new emails showing that Administration Officials knew that they need to delay the Health Care Exchange for Small Businesses as early as august, but it was not until six weeks later on september 26 that the administration actually announced that it was delaying the online portal for Small Business. Energy and Commerce Committee chairman fred upton said, about that revelation, as the paper trail broadens, we see more and more evidence that the administration was fully aware. Its Signature Health care law was not ready for prime time. The documents we are now reviewing tell a much, much different story than what officials testified to congress. The white house continues to claim healthcare. Gov is working better. Public sentiment, however, is worsening. A new gallup poll shows the majority of americans, 52 percent, say they want a law scaled back or repled outright compared with 50 to felt that way in october. 37 percent said they want a law expanded or kept as is. Joining us now, senior fellow at the manhattan institute, former Health Care Policy adviser to the Romney Campaign andlso the author of the new book, how medicaid fails the poor. Great to have you here. Aember teeseven number of visitors, above three and a half Million People. Should we care . What does it tell us . We should care because the old plan is that people had have been canceled. If they cannot get insurance under the new system it is a big problem. It is not just a big problem for those individuals, but the viability of the Insurance Companies that are now trying to sign up people for whom it will not get paid. Lou my problem is just visiting a side does not mean that anyone is enrolled. Anyone who enrolls does not mean that they have been insured. So at what point are we going to have meaningful, substantive answers from this administration about its, to repeat the oft used phrase, Signature Health care law. Well, they had as strong record not just recently come but throughout since 2010 of only disclosing data that is flattering to the administration. Fairly politicized disclosure process, and unfortunately i dont see why that would not continue. Lou given those ratios, no wonder they stonewall on some many fronts. The exchanges between the officials at cms and the contractor, cg guy, sure the administration, as i just shed said, the Small Business exchange, they just knew it was not going to be ready, yet they, as you suggest, refused to let anybody know until effectively the last minute. The good news, at least, the Small Business exchange can be delayed. They delayed it in a way that will not disrupt as much the Insurance Market for people who work for Small Businesses. The problem is, they should have done the same thing for the individual Market Exchange because that exchanges not been ready either. They delayed that for a year, we would not be seeing a massive disruption like we are today. Lou and the idea that this administration is watching the number of signups. I will not call them and romance or insurance signups, but lets just call them signups. For medicaid outpacing goes for obamare, a ridiculous rate, inverted the ratio thesought and then some. We are looking at the prospect, according to some authorities, 17 trillion in unfunded liabilities because of the unintended, massive expansion of medicaid through the marketing of obamacare. Well, you know, this is the interesting thing about the law. It is supposed to expand coverage by 30 Million People. Roughly half of that is through the website, the private insurance exchanges, and half of it is to the medicaid program. What you hear a lot of commentators say is, well, at least the medicare portion is succeeding because as people are enrolling. As i argue in the book, that is not a success for those people because what all this shows is that people on medicaid fare no better than people with no insurance at all when it comes to actual help of health of comes. Lou say that again. Medicaid is effectively not working. Studies show that people on medicare fare no better in terms of tngs like their mortality, any things like that. So all these people who say we have to pass medicate, expand medicaid because iwill save the lives of all these people, the studies show that that is not the case. Lou the problem, medicaid is a mess. Now obamacare is a mess. We dont know where were headed. At what point will we he a sense as to whether or not people are being insured and when there are sufficient numbers of young people 18 to 35 insured to support the model that is the foundation of obamacare itself, that is the young paying for the older. I doubt the administration is going to disclose the numbers of young people who are enrolling, unle those numbers are good, which it probably will never be. Lou since when doeshe president or an administration to decide that they will not tell the American People whether the program theyre paying for is working are not . I certainly dont agree with their disclosure strategy, but it will be up to i dont know if it can be solved through litigation. If it cannot it will take a new administration of congress to force them to do it. Lou effectively, what youre saying is we may be facing the prospect that we not only have an utterly incompetent and incapable the government, but that we dont have the wherewithal or the resources or avenues to corrected, and we dont know whether to what degree we need to. To what degree they have actually disclose anything is because there has been immense political pressure, an immense pressure from the journalists, friendly journalists. So they trickle that. We will have to do is get the data from the insurers. Sotimes through consultants getting information in disclosing it to be that is where we will get the data. If the pris for the plans that are submitted for the 2015 plan year are higher than in 2014, that will give us an indication that older and sicker people assigning a. Lou older, sicker, and, frankly, we will not at this point no anything substantive about obamacare and the enrollments in subsequent insurance that follows and so, perhaps, the new year. It is outrageous. It is a problem, but you can only hide it so long. Theyre trying hoping that if they tell people everything is good and they dont disclose a lot of things and people will sign up. They are terrified that if theyre is a lot of bad news in the price continues to go up because only older and sicker people assigning a bit will further discourage and people from signing up the money they need to subsidize insurance for everyone else. I think that will continue to get worse. The hiding and nondisclosure but not succeed. Lou is the model over all in your judgment on the verge of collapse . A dont think its on the verge of collapse. Dibble limp for in a crippled way. It will not collapse, but it will not be a success that lives up to the promises. Lou thank you for being here. We appreciate it. Upext in a good economic reports good forhe markets. Ubs chief economist on the sudd change of attitude among investors. Good news actually means good news. Were coming right back. Can you pretend with me imagine what youd see if every child had a book to read cause every kid across the nation deserves a book to read and we can make it happen right now now i dont know what youve been told but kids with books learn so much more so the mission is for us to get a book to each and every child readings fundamental so lets join hands, book people unite unearth hidden passion come on, well have a good time planting seeds of inspiration to motivate some magic to change the writing on the wall writing on the wall one book can make a difference one book can inspire a child one book can be the fundantal thing that helps to change a life book people unite read to a child today and spark a lifetime of ambition. Lou it will cost taxpayers and businesses almost 2 trillion per year. Thats right. That is their number. More than 20 times the 80 billion price tag that the Obama Administration puts into the regulations. This new report put up on the Libertarian Competitive Enterprise Institute marginally funded by the coke brothers who brought that information. Illinois democratic governor pat quinn this week signed a new legislation intended to reform the states massively underfunded pension system. Illinois has 100 billion shortfall in its funding of Employee Retirement plans, the worst in the country. The new law is expected to cut that liability by about 21 billion, fully fund their retirement system by 2044. We will wat