Investors on another wild ride, and what is ahead and where are the former jobs. The 2016 president ial race already highly contentious with the gop candidates looking to set themselves apart from the field. Education is the way to do that emerging as a major point of debate, particularly after the 2001 passing of no child left behind. Joining us right now is a candidate taking a clear position on the issue, kentucky senator, rand paul, president ial candidate. Good to have you on the program. Thanks for joining me. I want to talk about a number of your policies and how you are going to rise above the den of the various policies. Let me start on education. Kentucky was the first state to adopt common core in 2010, and you said you would get rid of it tomorrow and department of education should be done athe state and local level and you would get rid of it. Explain your solution . I grew up in a Republican Party that said it was a state and local issue, and Ronald Reagan said he wanted to get rid of the board of education, and that was the republican flat form from 1980 to 2000. I dont want a national curriculum. I think theres a danger that bias will enter into it, often a liberal bias, and i think it ought to be done more locally. I would get rid of the department of education and i wouldnt have National Testing standards or common core but be determined by the states and the locale teaitie localities. Has it not worked in your opinion in the testing and the students performance . We are not doing any better than we were, and in some cases people think we are doing worse than many years ago. I am not against testing per se. When i was a kid we had no department of education but we still took a National Test and took the california achievement test or iowa standard test so we could compare ourselves to other states and what happens is every state has a test and the federal government requires a test and before you know it kids are taki taking 10 or 12 tests a year sometimes, and the teachers feel they are bound to teach to the test and they cant do the curriculum and teach the way they would like to, and i would like local School Boards and parents to be involved, but i dont think it should be a person from washington. Jobs, how do you get jobs created in this country . Stay with us, senator, lots to talk about you with. First we want to put the education story into context. Look at what the rest of the gop field is saying about education. Good morning, everyone. You know it was meant to raise educational standards and help the u. S. Compete against china and india and others in the global marketplace but instead common core has become a lightning rod to critics and an issue in this campaign. Jeb is very, very strong on common core. He likes common core. I dont. I think its terrible. I think education should be local. Thats the debate when it comes to the controversy over common core. Governor jeb bush has been the most prominent candidate that supported its goals and the Education Foundation backed it and as a campaign issue, he calls common core, quote, poisono poisonous. Theres a fear correct and in an incorrect way, and there should be no involvement by the federal government, and it ought to be prohibited by law. And ohio gornor, even the name has become a trigger in this race. Common core doesnt encourage great teaching. It doesnt encourage responsibility in the hands of parents and common core however it started has turned into a federal Government Program that standardizes how teachers should teach and that will crush ingenuity and creativity. We should send it back to the states and back to the people at the school board level where you can hold them accountable going forward. Well, the irony is that common core was not created by the federal government at all but by governors and adopted by 45 states and supporters insists America Needs it to stay competitive but that has soured in the heat of the republican campaign. More now with kentucky senator, rand paul. Senator, i guess overall, and generally and broadly speaking, you think government is too big and needs to be much smaller. Thats the essence of your position, whether its closing down the department of education or anything else, and give us a sense of what that means in terms of spending and how you would change in terms of budget issues. The one difference, the key difference between the state and federal government, federal government we are unconcerned or at least some people up here are unconcerned about the debt and if you send education back to the state level and theres a limit of how much can be spent, and spend something not proportional to results, so the highest spending in the country, washington, d. C. , baltimore, new york, and where is some of the least performing schools, washington, baltimore,ew york. So what we have to figure out is another way to teach and often we blame teachers and schools, but i tell people they need to get a mirror and look in the mirror becse its parents that are a big part of this or the absence of parenting which is a big part of the problem that we have in the country, but if we are going to compete in the next century, we have to do a better b because of the rest of the world is hungry and they are competing and studying hard and working harder than we are so our kids and parents have to realize its a World Economy and if you want to compete and make money and succeed we have to do better in schools. Yeah, sure is, and thats why you want to lower corporate taxes to American Companies, and they will bring back the money they are sitting on overseas and help the economy here. I want to get to how do you create jobs and all of that, and other issues important to the American People, but you have a lot of ideas, senator, and the truth is it seems like donald trump, a couple of others in the gop are sort of taking all the oxygen. How are you going to rise above the den and resonate with the American People . You are tenth, tied with Chris Christie right now. Are you expecting to be in the next debate . Absolutely. One of the things i will bring up in the next debate is the tax plan and i think we are losing jobs and American Companies overseas because the tax code is so big and cumbersome. We have a 70,000page tax code and we are chasing american jobs away, so i would eliminate the entire tax code and have one single flat tax for everybody. 14. 5 for business, and 14. 5 for the individual, and i think people would be beating down our door want to go come home and bring jobs here if we had a friendlier business environment. But is that going to bring in enough revenue, 14. 5 tax rate . No, and thats the point. I want a smaller government. I think the primary responsibility of the government is defending the country and after that a lot of what we do in washington is something that could be done at the state and local level. We spend 3. 8 trillion, and i would like to spend less and we should start by spending what comes in. We have about 3 trillion that comes in. I think we could have a Strong National defense with that and do a few other things, but most of what we are doing in washington we shouldnt be doing. Here is the other they know. If you lower taxes dramatically, you will increase revenue as business begins to boom again and we grow again and become a great country again. We have to do it by lowering taxes. I dont disagree with that for sure, actually. Final question on this labor day weekend, how do you create jobs . I think the first thing you have to have is a debate over where the jobs are created and i think its in the private sector, and we need to be for tax cuts and not for reform, but you need to leave more money in the productive economy, and that means my plans that would leave 3 trillion with the people, thats a stimulus and thats how you create jobs. Good to have you on the program today and thank you so much. Thank you. President obama reaching the magic number to avoid a veto magic number to avoid a veto override against the res you cant breathed. Through your nose. Suddenly, youre a mouthbreather. A mouthbreather how can anyone sleep like that . Well, just put on a breathe right strip and pow it instantly opens your nose up to 38 more than Cold Medicine alone. So you can breathe and sleep. Shut your mouth and say goodnight mouthbreathers. Breathe right welcome back. The deal appears to be all but done, and president obama securing the votes he needs in congress for a vetoproof approval of the Iran Nuclear Deal after a democrat from maryland became the 34th senator to back the iran deal. Previously skeptical democrats, bob casey opposing the deal last week. And we are joined now with more on this. Mr. Chairman, thank you for joining us. Now that we see the president has all the support is there any way for congress to reverse this deal . One of the things i wonder about are the comments being made right now by president rouhani, when he said on saturday that we have formerly announced we are not committed to the provisions of this agreements as it relates to missiles. So if iran is announcing now they are going to transfer to hezbollah the precisionguided systems and they are already out of compliance. I am going to bring up this provision in the Foreign Affairs committee and on the floor of the house in over to overturn this deal and what i am going to do is hold hearings over the next few days where we have u. S. Generals and admirals come forward and testify, as you know over 200 have come out against this agreement, and testify as to what rouhani is saying right now, and the ayatollah about how they are not going to be bound by certain provisions. Lets have that discussion before we have this final vote and see if it doesnt change minds in the house of representatives. Thats a great point. Your resolution basically prevents implementation . Thats correct. At this point we had a good number of the members of the committee on both sides of the i will come out against the administration, and i know the administration is working the phones trying to block this in the senate and we are going to bring it up in the house and pass it over to the senate, and i ask again, remember, 55 of the American Public are against this deal right now, and 25 are in support, and as of the latest poll, look at what they are saying in iran and look at what they are already doing, and they are still chanting death to america and death to israel, but they are putting it into practice in their new bouallist missile programs, and they have to make it clear they will not put the ibc program and transfer program into practice, and my concern is the administration is not pushing back and we have to immediately. We have four americans being held hostage there now, and kerry is begging the iranians to let these guys go, and in one exchange, kerry, who, of course negotiated the whole deal is issuing the plea on behalf of a former marine held on espionage charges. He was in iran to visit his grandparents and he was put in jail and now apparently kerry is saying he has been tortured and he has been held in uncomfortable positions by his arms hanging for hours on end, and a judge, irans top judge tells the u. S. , butt out of cases involving imprisoned americans. We had americans, including his sister, testify about the circumstances these americans are undergoing. Here is what is amazing, as that judge in iran says kerry should butt out, and remember, we didnt make this part of the deal and what the iranians did in the 11th hour of the deal is allow the lifting of the missile program, and if you will recall the secretary of defense said dont do it, he said the i in icbm stands for intercontinental as from flying from iran into the United States, and we cannot, said the chairman of the joint chiefs, lift this arms embargo. That was done in the agreement and yet we did not receive, you know, a homecoming for our four americans who had been held and some of them tortured there, and this, again, shows the way in which the United States has been treated in this agreement, rolled on every single major provision in the agreement, and here were asked to ratify this . This is why the house and senate needs to give this a second look, and thiis why i hope these hearings that i will be holding next week will cause more of these members to reconsider. Remember, the American Public by a measure of better than 2 to 1 are against this agreement right now. Lets get it to 3 to 1 and make them feel the heat on this. With all of the opposition to this agreement throughout the country, that opposition is failing to gain any traction. Why do you think that is . Tell us how this vote plays out and what this looks like come september 16th. I think that the reason that there is such difficulty i because the way in which the administration is personally working the phones here, especially on the senate side, and i think that what people are ignoring is the fact is that people are saying, well, iran is going to change. Iran has not changed after this agreement. The ayatollah already gave a speech the other day in which he said we are not going to change our adversarial position with the United States nor with respect to israel, nor yemen, nor syria, nor iraq. In other words, they are going to continue their aggression. The other element of this that people are not focusing on is this 100 billion tha is going to go out of escrow and back into the hands of the iranians. The companies have been taken over by the irgc, which is the revolutionary guard. They will have the quds forces doing these assassinations overseas and attacks in yemen, these are the forces that will have the weaponry, right . This is what we are asking members of the congress to think about, so the vote will tpheurb initially come up on the house side and we will pass it out of the house into theenate and try to get the votes to the senate to get it to the president s desk, and that will be the first order of business. You have a big fight on your hands, congressman. We will be watching and thank you for your time this morning. Thank you so much. Thank you. We will see you soon. Congressman ed royce there. And then due to volatility in china, and where will stocks stabilize and where are the jobs in the slow growing economy. 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Time is now for the biggest sale of the year, where all beds are on sale. Save 50 on the labor Day Limited Edition bed. Know better sleep with sleep number. Welcome back. Investors catching their breath this Holiday Weekend following several volatile weeks in the stock market as well as new jobs numbers this last week. Stocks falling and rising over chinas market, and theres a hit with the growth slowdown in the world. Elaine chao was the secretary of labor, the longest serving labor secretary since world war ii. Great to see you again. Thank you for joining us. Thank you. Without talking about what is behind the stock market fluctuations this past week, let me ask you to characterize where we are in terms of the labor market right now. How would you characterize the jobs picture for americans today . With the nominal unemployment rate, its decreasing certainly from the highs of four or five years ago but if you look at the fundamentals of the labor market, although its improving its still very troubling. Number one, the Labor Participation rate remains at an alltime low, and tkhe labor partition rate from 2008 to 2009 was 6 to 7 . And that working population has only increased and yet the Labor Participation rate has dropped even lower, and its about 62. 6 now. I am extremely concerned about those workers who have left the workforce because they feel they cant find a job, and they are now out of the workforce and the longer they stay out of the workforce the harder it will be for them to reenter the workforce and that should be of concern to everybody. And the next thing is wages, right . Wages have not moved in a long time, and now we are seeing a movement recently about the minimum wage moving higher and thats the reason most people do not feel they are actually participating in their recovery because they have not seen their Salary Change in so many years. What we are seeing right now is a lack of growth in wages, and frankly it has been very puzzling. This has been one of the most slowest recoveries that we have ever seen. We have been in a very deep recession so the bounce back should be much quicker than what it is now and the wage growth as well. And until last week or the last two weeks where the stock market had fluctuations and it was clear and the Federal Reserve would be increasing rates sooner rather than later and they are going to do it by year end, but now currently with what is happening in the stock market i think theres probably a lot more concern about what is happening in the economy and what is really happening with the labor markets, and probably the fed is taking another look as to when they should be increasing their rates. We will see about that because the next meeting, of course, september 16th and 17th, and everybody expected the fed to raise rates, but maybe not. Im sure they are watching the stock market and all the fluctuations. Let me ask you abou