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Is going to be the continued weakness of oil prices, the collapse of commodity prices, and what this does in the world. i mean, the last time you had such a dramatic decline of oil, the soviet union collapsed and the cold war ended. what's going to happen this time? >> well, first thing to say is it's likely to endure for the year. the one exception, and you mentioned it in the introduction, could be major instability involving saudi arabia. we'll get back to that later i expect. assuming it does last, it obviously is an uneven effect. it hurts the producers, the saudis, iranians, venezuelans ...

Blessings of liberty. >> that is the most important part. >> the conts tugs says as liberty is a blessing d does not say anything about the constitution in general. >> but it also says insurance domestic tranquillity. that could be de seen see codes promote the general we are fair obamacare take care of people. >> only in the framework of delivering which the declaration says we are all born entitled to. if you look at article 1 section 1 the first sentence says all legislative powers are here in granted. a lot of people think congress has all legislative to ye power