Away from election day. Two key races in new jersey. A big Chris Christie win might make him the gop president ial frontrunner. And in virginia, can republican Ken Cuccinelli pull a fast closing upset . Those races tomorrow night. All those stories and much more coming up in the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. We have more headlines breaking today on the failure of obama care. Heres the latest. A new study shows up to 129 people could lose their Current Health plans and face an average premium hike of 41 because of obama care rolls. We have more on that in just a couple minutes from the author of the study. And documents acquired by nbc show that Administration Officials are worried that more and more americans will be angered when they learn about the real costs of obama care and that they may lose their doctors. But the big story is this. Because of the obama care failure, president obamas entire secondterm agenda is now in serious jeopardy. Just listen to what mitt romney had to say on meet the press. I think that fundamental dishonesty has really put in peril the whole foundation of his second term. I think the key thing that the president is trying to get away from, and that is that he told people he could keep their insurance, and that was not the truth. And whether you like the model of obama care or not, the fact that the president sold it on a basis that was not true has undermined the foundation of his second term. I think its rotting it away. All right. So is mitt romney right on meet the press . Is president obamas second term rotting away . And is obama care busting him the way he thought he was going to bust the gop for the 2014 midterms . How things change. All right. We are pleased to be joined tonight by bill kristol, hes founder and editor of the Weekly Standard and a very old front. Great to see you. Also, reuters krblgter and cohost of msnbcs the cycle and jim from the American Enterprise institute. And in a moment, Chris Conover is Research Scholar at dukes research for health policies. I want to start out with my friend bill kristol. Welcome to the show. Romney really lowered the boom. Rotting away, fundamentally broken promises. Bill, does he have a strong point here . Is obamas secondterm agenda now in the dumpster . I think obamas firstterm agenda is at risk. What was the heart of the firstterm agenda . It was obama care. And i always thought it could be repealed and replaced and i think the prospects are greater now than they have been, the prospects of really removing parts of it, delaying parts of it, but actually i think getting rid of parts it in the next year or two are much greater than i would have thought. I think the case for appeal is becoming increasingly obvious. Fri friedrich, call your office. Failing in two ways. They didnt ntd what they were doing. You cant understand what youre trying to do if you try to remake the Health Care System all at once in a bunch of rooms in the white house. And secondly, the coerciveness of it. When you begin down that road of telling people, gee, you cant have that Health Insurance plan you dont want. Now theres someone running in my distinct in virginia for the house of delegates. Shes decided, well, doctors probably will have to be forced to accept medicaid patients because that will be necessary to make the system work. And i think people are seeing the kind of intrusiveness and coerciveness as well as the wastefulness of it and saying no way. And losing your doctor. I put it bluntly. The liberal entitlement state dream is crumbling before our eyes. Okay . Thats the way i look at it. And ari, ill take it to you because i think as bill kristol suggested, i think this has tremendous political ramifications that even obama may not yet fully understand. Well, we could test some of those tomorrow. Virginia is a race where youve had republicans try to run on obama care. Its a state thats traditionally leaned to the right. But i think the democrats are looking very strongly in there. Well see what happens. In new jersey, Chris Christie is seen as a moderate by some, and he has participated in aspects of the Affordable Care act including the medicaid expansion. I just dont think when you go to the politics of it with all due respect to bill kristols vision, i dont think the politics bear out that you can run on saying we have no alternative and we hate obama care in case, hey, you didnt notice that during the last election. Its a losing message for republicans, and well test that again tomorrow. Bill kristol, is this a losing message to republicans . Ari melbourne is a very bright guy left of center, bill. Usually he makes a lot of sense, but now hes telling me this is a losing message to republicans. I find that incredulous. Whats your quick take before i get to jimmy p. . Well, well test it out both tomorrow and especially a year from now. I wouldnt say mitt romney ran against obama care nearly as much as he could have or should have. He wasnt well positioned to do so as the author of romney care. Well see over the next year. The i agree, nothing is certain. I do think you could have a pretty big wave against obama care. Jimmy go ahead. Let me go to jimmy. Go ahead, jimmy. What were you going to say . Listen, the athe core of the Obama Presidency is the idea that conservatives republicans have had it wrong for 30 years. Government can do things. Government is competent. Anyone who read the Washington Post story this weekend about them putting together with a bunch of political people, you know, and policy experts, what is essentially a huge startup with no private sector experience. No ones ever run anything, built anything. What a fiasco is it is. Now were supposed to trust government to what . Put together a cap and trade system . Put together a complex Immigration Reform system . Forget about it. People arent going to go for that. This kind of Central Planning, this kind of Central Planning went out of style, i dont know, 30, 40 years ago. As bill kristol said, the fatal conceit. The sovietstyle Central Planning. To think that we can reinstitute that in the United States is nuts, but thats just my view. I want to bring in steve conover. Youve got pretty impressive numbers here, and 129 Million People according to your plans, according to your calculations. 129 Million People either lose their insurance or have to get much higher premium insurance. Is that true . Howd you get there . Well, that is true. Spinners like David Axelrod have been claiming that this problem will only affect 5 of americans. The people that are getting nongroup coverage. Thats not true. Thats absolutely false. This problem of losing coverage is going to affect employer people with employerbased plans as well. Now, out of that 129 million, only 18 to 50 million actually will lose their plan and have to start from scratch. But the rest will be ending up buying more expensive coverage because they have to pay for it. Those are big numbers, chris. The top of the ranges are huge potential numbers. And then your second point, which is coming out this memo that nbc got, the Obama Administration now realizes premium increases may be just as damaging as the pink slips to end the Insurance Plan. Well, the premium increases are going to be very large. That 41 figure you were talking about, that relates to the nongroup market. Thats not necessarily the amount thats going to happen in the employerbased market. But certainly the average american is going to be paying more for health care or Health Care Premiums under obama care. I think theres little question of that. Im also pretty sure that if the americans had had known that 129 million would lose their plan in some form or fashion, im pretty sure obama care could not have passed. So we really have bill kristol, it really goes back to what romney said. Romney was on target. We didnt know. The president solved this on the basis of promises that he could not keep. And were now learning that underneath all this rhetoric, the staff of the white house knew that this stuff was coming. Now, politically, bill, is this grist for the gop . Does this erase the negative problems of the republican blame shutdown . Does this make it a whole new ball game for 2014 . I think it swamps the shutdown. I always have. The shutdown was a kind of minor derailment. This is a train wreck. But republicans need to have an alternative. The most important thing over the next couple months is for republicans is to focus on the problems, to propose Practical Solutions to these particular problems so someone who calls his congressmans office and says ive just got a termination notice. The congressman says ive got legislation that will let you keep your Health Care Plan for another year. But then also soon for republicans to be able to say we have a big conservative Health Care Reform thats thought through, that will help americans have Affordable Care, that will help the uninsured cover themselves, but that will not be intrusive or coercive in the way obama care is. Ive got to i want ari to respond to this. I still come back, ari, to this problem, not only are you getting the cancellations, not only are you getting the premium hikes, but this idea of Central Planning, okay, people want to make choices on their own. People want to know and that includes me why cant i have the freedom to make my own Health Care Choices . You know, if i go down the list, ive done this before, okay . At my point in life, i dont want lactation and maternity services. I dont want abortion services. I dont want speech therapy. I dont need mammograms or fertility treatments. Why cant i buy a plan that would be out there that has the stuff that i need . Why is the government forcing me, as kristol said, coercing me, to buy these other plans . I want freedom, not coercion. Well, if we put aside some of the rhetoric, and bill kristol studied the Health Care Issue for many decades, i think he will agree with me on a factual point which is there is no single Health Care Plan called obama care. Theres an Affordable Care act that has various rules and regulations. And then in the absence of employerbased coverage, triggers certain options at the state level which is what conservatives say they want with states that are willing to participate. And in the absence of that, the federal exchange. Its not perfect. I was a supporter of lower the medicare age, which is something that conservatives and Joe Lieberman talked about doing up until the point wrerp about to do it in which case the bottom fell out of it. Thats why this approach, with an individual mandate, was originally the conservative alternati alternative. The problem here and the goodfaith problem for some, not all, but some republicans in congress is, again, to mr. Kristols point, they dont have the alternative. And every time we get near something they once proposed, they dont like it anymore. I think i can sum up aris answer to your question. Too bad. Were all in this together whether you want it or not. Too bad. With all due respect and it is ari, like safari. You want to hit the pronunciation correct. Dont they say its too bad . Hes got to take it because thats what youve decided. No, respectfully, i spoke with specificity about how the Insurance Market works and why there isnt one plan youre being forced into. And by the way, for people at the lower income options, if they want to pay 95 in the penalty, they can opt out completely. The plan is relatively not very coercive as compared to a lot of other things the government does on a factual level. Come on, ari, with all due respect, youre somebody i respect enormously. You take a look at these plans, theyre basically one size fits all. They have, what, eight or ten criteria. The major differences in these plans is the financing issue between the premium and the deductibility. As far as the low end is concerned, theyre all going into medicaid. In fact, the real story here so far, the real story is that enrollment is down for the exchanges. Its minuscule. And everybodys going into medicaid. The people going into medicaid, we are going to bust we are going to bust medicaid, make it even more bankrupt now than it already is. In 4 states, theyre being kept out of medicaid by the decisions of those states. Yeah, but more than half the states, medicaid is the big winner. Bill kristol, im going to give you the last word. Are the democrats going to revolt against this . You see this gene shaheen, senator shaheen and others. Democrats who voted against every effort to delay obama care this summer. Do you think they will, in fact, follow through with new efforts to delay obama care in the autumn . Yeah, i think it fends what happens this week. Theyre home this week, the senate and the house are not in session. If they hear this from their constituents, i think democrats will have a tough time explaining to people, if they have an Insurance Plan they like, they want to keep it, the exchanges arent working anyway, just practically speaking the websites not working. Peoples insurance expires in many cases january 1st. What are they going to do . They deserve some certainty here. I think the pressure on congressional elm dids will be much greater than it has been for the last couple of months. Bill, hope to see you soon. Come back on the kudlow report. Thanks also to Chris Conover. We appreciate your numbers and analysis. Jimmy, ari, youll be back with us in just a couple of minutes. We have more to parse through. Now the big story on wall street today, all about law and order. Hedge fund giant s. A. C. Capital and steven cohn settled with the government for 1. 8 billion. But is cohn in the clear . And who really won this cattle . Cnbcs kate kelly has a report for us just ahead. Later on, obama care has become the number one issue in the hotly contested virginia governors race. Voters go to the polls tomorrow. Question, will the Catastrophic Health care launch enable republicans to snatch victory from the jaws of defeat . Well take a close look at it. And folks, as always, dont forget, free market capitalism, the beth path to prosperity for the 100 millionth time, obama care has nothing to do with freedom. Im kudlow. Well be right back. When we made our commitment to the gulf, bp had two big goals help the gulf recover and learn from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, where experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. More than a new interior lighting system. It is more than a hot stone massage. And more than your favorite scent infused into the cabin. It is a completely new era of innovation. And the highest expression of mercedesbenz. Introducing the 2014 sclass. The best or nothing. S. A. C. Capital steve cohns hedge fund is paying to settle Insider Trading charges. Kate kelly joins us with all the details. Good evening, kate. Reporter it was obviously a big day for s. A. C. Capital and the u. S. Government which agreed to a settlement of 1. 8 billion over charges that s. A. C. Repe repeatedly engaged in Insider Trading. As part of this, theyll also plead guilty to securities fraud and wire fraud and surrender their registration as an investment adviser. Judges need to sign off on this. There will be a public courtroom appearance and a guilty plea as well as a sentencing. And then the tough business of unwinding s. A. C. s current thirdparty investments will begin. Most of its a simple process, but some of their investments are illiquid. At a press Conference Today with u. S. Attorney barrara, a lot of tough questions about why s. A. C. Founder steve cohen was not himself personally implicated. He was defensive. It is a rare thing for any entity. It is difficult to plead guilty to everything its been charged with and of the magnitude that we have described it. Reporter so barrara as well as his counterparts at the fbi not ruling anything out, saying theyll continue to pursue these case, larry. But for now a big day for the entity of a. S. S. A. C. Many thanks. Appreciate it. Is this s. A. C. Settlement a market mover . What is the message here . Here two cnbc contributor, founder and ceo of kkm financial. All right. Jeff, is this a market mover . Is this a game changer . How do you look at this decision . I dont think it is, larry, to be honest. This is not a market mover. Lets be clear, stevie cohen was not pleading guilty. It was s. A. C. Capital. Obviously, is it worth 9 billion . Hes the 40th richest man in america. Hes a target. Obviously this case is not over from that regards. But honestly, im the ultimate optimist. I think theyre still innocent. Full disclosure, i believe Lance Armstrong was still innocent until he uttered the words that he did use. No, dont go there. I dont want to discuss that. I do want to go to my pal, don luskin. Is there any particular message here . Does this s. A. C. Decision affect the market in any way . No, i dont think this is a fire sale forced march unwind like longterm capital management. This is not market affecting. Im happy to say that were in a world now in 2013 where for the first time in six years, even if there were some highly illiquid positions that they had to get out of in a hurry, nothings contagious anymore. The worlds a safe place so its fine. You know whats not safe, though . Its not safe to be the 40th richest in man in the world. If they cant get you, theyll get your entity and theyll go after you and keep planting stories about your Art Collection and your mansion. As those things were prima facie evidence of your guilt and corruption. Thats whats wrong with america. Don luskin makes important points. I dont have to pass judgment. I dont know all the details here. Is there, in your opinion, jeff, some class warfare involved in this . Is there . Absolutely, larry. Look at mark cuban. He stuck up for main street. He could have paid a lot less monday to settle the s. E. Krrchgts. K s. E. C. Kudos to him. Dons right, theyre not picking on losers. Everyone goes for the top dog. And unfortunately, hes one of the top dogs here. The 40th richest man in america. Well leave it there, gent gentlemen. Stick around. Now were going to talk stocks and sinking energy prices. And oh, yeah, my gal, janet yellen, empress of the doves. Her reign is about to begin. Thats next up on the kudlow report. Honestly, as much as i love this job, i plan to do a lot more. I needed a new laptop for my premed classes, something that runs office and has a keyboard. But i wanted a tablet for me, for stuff like twitter and xbox, so my downtime can be more like uptime. Thats why i got a windows 2 in 1 which does both works as a laptop and a tablet. So i can manage my crazy life, and also have a life. [ beep ] gotta go. I got this. [thinking] is it that time . The son picks up the check . [thinking] im still working. Hes retired. I hope hes saving. I hope he saved enough. Who matters most to you says the most about you. At massmutual were owned by our policyowners, and they matter most to us. Whether youre just starting your 401 k or you are ready for retirement, well help you get there. Welcome back to the kudlow report. Welcome back to the kudlow report. Stocks posting only small gains today as investors are still worried about when the fed will start tapering. The dow up 23, s p adding 6, and the nasdaq up 14. The dow and s p are on pace for their biggest annual gains since 2003. On the street saying those big gains, good reason to sit back and wait for fridays big jobs report, larry. Thanks very much, sheila. Appreciate it. Lets get back to our ace investors, jeff kliburg and don luskin. Ive been called worse. We all have. Jeff, let me just start on one thing that wasnt mentioned that i think is a big factor in the market. Crude oil prices falling. What are they down, 94. 50. Retail gasoline prices are falling. In fact, its been reported in some states, retail gas has a 2 handle to it. Other Commodity Prices in the energy area are falling. Natural gas. Whats this mean, Falling Energy prices means what . Big relief to middle america. You talk about this, going to the pump, that makes you feel better. Larry, to be honest with you, once you get that sentiment change, that Consumer Behavior change, maybe fiscally, the numbers dont come out, but mentally theres a big impact and a big shift. So if anything, i think that will help kind of comfort any american out there in the event we have this correction that everyones looking for. Gas is cheaper. That makes people feel better. Don luskin, is this enough to create a consumer tax cut . Is this enough to boost the economy . Look, theres a demand side way of looking at it and a supply side way. The demand side way is having to spend so much on gasoline crowds out other expenditures. I like the supply side way. When gas is cheap, you can buy more gas. You can drive a car that will fit your whole family. You can live in a home thats further away from your work. You can go to home depot and buy more stuff. Gas is the stuff of growth. For the last ten years, weve been spending 3 of gdp on gas. Thats too much. During the reagan years and the carter years, we were spending 1 of gdp on gas. Thats what makes growth possible. We could get back there again. We just need a Republican Congress and a republican president to take the chains off fracking. We could have 50 cent gasoline. Im id love to take the chains off fracking, but we had a much stronger dollar. During the reagan years, we had a much stronger dollar. If memory serves me, the price of crude oil at that point, global price went from about 40 a barrel all the way down to about 12 a barrel by 1985, 1986. Larry, im afraid the strong dollar thing, youre going to have to take that up with chairwoman yellen, and good luck with that. I know, the empress of the doves. I dont want to be too pessimistic, but i want to ask you about another international event, europe. Theres a lot of talk. Europe may be heading for a doubledip recession. Europe may be heading for deflati deflation. The european cpi was, what, 0. 7 or 0. 8 . The European Central bank, by some Balance Sheet measures, the Balance Sheet is shrinking. And they are way too tight. How big a threat is europe . It is a threat, but i think with the ecb, mario dragi, his biggest weapon over there has been his microphone. And when you see him promise like he did last september that hell do whatever it takes, it resonates with investors and recruited a lot of money back to new york. Weve seen a lot of folks investing in the last six months over there. They are susceptible to a downturn. By the end of the day, theres a put like theres a bernanke put here. Hes got to take action. I think the time for words hes got to start pumping more cash into the economy. Don luskin, lets talk about pumping cash into the economy. Janet yellen, my favorite new central bank governor. Ive promoted her from the queen of the doves to the empress of the doves. I dont see any tightening any time in the foreseeable or nonforeseeable future. Whats your take on her . Look, she is not ben bernanke. Shes not an academic, a skeptic, an eclectic. She is a biggovernment gal. She is from the government. She is here to help us. And unless she sees visible, horrific signs of inflation, she is going to drop more money out of more helicopters because she doesnt want to think about the risks. She believes, like all biggovernment people do, that if your program didnt work the first time, just do it again bigger. Shes going to be buying bonds and mortgage backs till we got a 4. 5 unemployment rate. If don luskin is right, and i suspect he is, and if the inflation rate goes to 3 or 4 deliberately, if the fed can do that, i dont know that they can, but if they do, is that bullish or bearish for stocks . Well, i think its bullish for stocks, but let me head butt don, with all do respect, just like the bears are going to stick the packers tonight, yellen has been painted the largest dove of all time. Lets rewind to 2005. She was one of the few top brass at the fomc that stated there was a housing bubble in california. So maybe she comes in, she wants to clean the slate, check everyone, don included. And she comes in here and does the taper a little bit earlier than the whole street thinks because here in chicago, big week ahead for stocks obviously on data, we are looking at the data. And if we get anything above 150 on the jobs number, that is ammo for yellen to come in here. I need an answer here. Hold on. Hold on. I need an answer. Are you a seller, then, therefore . You think janet yellen is going to be hard money, sound dollar, antiinflation, next thing you know youre going to tell me shes a supply sider. In that contest, shes going to tighten sooner. Does that mean you sell stocks . Brace for the best buying opportunity weve seen in a long time, larry. I think there will be a dip, an initial reaction to sell. I think thats when you come in and buy. At the end of the day, a lot of these companies are leaner and meaner. And the market does want to go higher. The initial reaction will be selling, yes. Last one, ill give you the last word, don luskin. By the way, leaner and meaner, kelloggs slashing, what, 7 of their work force. Buy or sell right now, don luskin . You get the last word. Id be a buyer. I think stocks are going to be 30 , 35 higher 12 months from now. Yellen or no yellen. One thing jeff and i can agree on, go bears thank you. All right. Don luskin and jeff kilburg, great stuff. Weve talked about the bad website. Weve talked about the sticker shock from higher premiums. But perhaps the most devastating result of obama care will be the millions of americans who will lose their doctors. One cancer patient wrote about just that in a wall street journal oped today that caused a sensation. Were going to talk about her story next up on the kudlow report. I was diagnosed in march of 2007. And the first thing that hits you with the terror of you have cancer. Thats probably the most scared moment of your life. Youre terrified. And your life becomes a life of unknowns. Im fighting cancer not because im afraid to die. Im fighting cancer because i love to live. I am today by luck. I put in the hours and built a strong reputation in the industry. I set goals and worked hard to meet them. Ive made my success happen. So when it comes to my investments, im supposed to just hand it over to a broker and back away . Thats not gonna happen. Avo when you work with a schwab financial consultant, youll get the guidance you need with the control you want. Talk to us today. Welcome back to welcome back to the kudlow report. Im larry kudlow. In this half hour, were just hours away from key governors races in virginia and new jersey. And then theres the mayors race in new york city. Now, just look at the front page of todays New York Post, depicting what the city might expect with uber leftist bill de blasio expected to win in a landslide. Thats the New York Post. Story, by the way, we first brought you back in july. Obama care will hurt cancer patients, and its turning out to be more of a painful reality than first thought. Take the personal story of edie who in todays wall street journal oped shares her journey to survive stage 4 gallbladder cancer. Shes been fighting it for nearly seven years which has a fiveyear survival rate of less than 2 after diagnosis. God bless her. But like millions of others, shes been told her existing and excellent Health Care Plan is being canceled. Yet after weeks of searching the obama care exchanges, she has been unable to find a plan which will also cover her alreadytrusted oncologist and other doctors. We wish edie godspeed for her continued recovery, but her story begs the question, with obama care, youre going to lose the doctor, too. Joining us now is ohio Republican Congressman brad wenstop who Just Announced today that he and his staff will beer interesting the obama care Health Insurance exchanges, too. We also welcome back ari melber and jimmy p. Congressman, just tell me about this. Im not going to say its a sleeper story, but as part of the cancellations, people are going to lose their doctor, too. Youre a physician. That could be absolutely fatal for this brave woman and so manile manies like her. You know, god bless this poor lady. And like you said, millions like her. You know, as a doctor, theres something that you could always provide for people who you go in and you talk to them and you hold their hand and put their head on your shoulder and say were going to do everything we can to help you and were here for you and try to take away some of their anxiety. But right now you have people very sick, and you take the anxiety that comes with having a disease, and now you add all the questions of whether youll have coverage, and in this case you wont have coverage, that makes it pretty daunting and makes it difficult for the doctor and the patient. See, ari, she writes in this, look, that the new plan shes referred to the california plan, okay too narrow. All right . Way too narrow. Way too constricting both with respect to doctors and with respect to to health care providers. I believe this is unnecessary. And i believe this is a cost that americans are going to have to bear that they shouldnt have to bear because we should have full freedom of choice. Look i would agree. You know, people have always had that in the past. And thats going away. And that makes it extremely difficult. Youre exactly right. Its going to be a sad time for health care in america right now. The anxiety and the confusion is at its highest level. And unfortunately, a lot of people are going to miss out on good care that would otherwise be available. Ari, sorry, i wanted you to tackle that. Sure. Look, shes just got this awful choice. Shes got the university of californiasan diego. She lives down in san diego, all right . Basically she said, you know, theyre keeping her alive. Shes also got care up at stanford university. All right . So the two fabulous places. They both have great doctors. But she cant switch back and forth. In fact, the california system, for some reason, has restrictions on crossing counties, which just strikes me as utterly absurd. Sure. I mean, look, larry, my heart goes out to her and anyone in her situation and those of us who all know someone whos been in this kind of challenge and the anxiety shes citing is very real. But the fact that shes in potentially a tough spot does not mean that we have to take everyone at face value who wants to use her or people in her situation for a precooked agenda against the Affordable Care act. And i give you the example again of medicaid where a great number of republicans, including republican legislators in 24 states in this country, have worked to prevent the poorest americans from getting on medicaid, a system already in place and that works. So when those same people want to come along and pluck this or that story or person no matter how good that person is and how much we want to worry about them, it strikes me as potentially very disingenuous and problematic for the discussion. Now, as for the doctor choice, it is true that there are problems go ahead, jimmy. Im going to, again, translate, ari, too bad. Thats just the way it goes. Thats the way that we have to break a few eggs. Remember, lets say 5 . Lets say all 15 million lose their health care. Who cares . Oh, wait. It was only 10 . Jim, do you support medicaid funding for people, americans who are uninsured . Jim . Jim . Do you support Health Care Funding . Yes or no . Time out. Time out. Timeout. Ari, hang on, please, gentlemen. Please, please. Ari, hang on. Jim wont answer the question either. Jimmy p. Just briefly repeat what you said and then ari will have his shot at it. Go ahead, jimmy, im sorry. 5 of americans is no big deal if they lose their Health Care Plan. Yet 10 of americans who didnt have Health Insurance, that was enough to create this brandnew Health Care System. 10 , lets act, 5 , who cares . Ari, whats your reaction . My reaction is jims raised this twice now. This is for new viewers, the second time hes mischaracterized what im saying. And the sad part is he wont speak to the facts which is apparently he does not support or wont say whether he supports one of the most fundamental parts of the Affordable Care act which is extending coverage to the poorest americans. This womans story is touching and problematic, and ive said on the record the fact that the website isnt giving her the information she needs to replace her plan is a real problem. But i will not sit here and listen to disingenuous politically motivated grievances. You have no idea what i said. You have no idea. In fact, i have come out in the past for transforming the medicaid system from what it is, which is a disaster, into allowing poor americans to du actually buy private Health Care Plans. Thats what ive been for. If you dont support it today under the program, it will fall under the category. Your malfunctioning plan, im against health care altogether. Thanks for the enlightening. I think the medicaid issue is a red herring because the states that dont want to add to medicaid are already burdened with massive costs and are worried that the federal government is going to give more. Thats a different issue than the one were talking about. Ive got to say, if you dont support the health care for those people, then why do you only care about some people . A lot of people will die. If you dont want to support the president , then people will die. I want to go back to the congressman. Theres a memo, nbc news has been quoting this memo. Inside the white house, they are worried, congressman, im just going to read this out. Number one, the more people dig into the website, assuming the websites go back to work, theyre going to find limited choice, okay, limited choices. Thats one of the things were talking about with this poor woman. Sticker shock for all the premiums that are going to go up, and of course, the cancellation march will continue to go on. Now, brad, i just want to ask you what the republicans are going to do. When you come back, youre going to let the democrats stew in their own juices. Are you going to work with them to delay obama care . Tell us what youre thinking on this. Well, personally, as a doc r doctor, i ran for congress because i wanted to be part of a solution, not just debate the problem. Let me go back on a couple of things here. One, you talk about medicaid. I wonder if either of these two gentlemen have ever seen a patient or actually gone through filing a claim and understand what thats all about. But having medicaid does not mean you have access to care. And thats a fact. And so just because you have this piece of paper that says you have medicaid doesnt mean that your doctor takes medicaid. And so its very disingenuous. We like our safety nets, but personally, i would like to see every american covered with a private Insurance Plan from their job. And thats where were not going. Were going in the wrong direction. I care about the poor. Everyone does. Id like to get more people working. This plan, obama care, cuts people out of business. Businesses are saying were cutting our employees. Were cutting people to part time. Were not solving a problem. Were pretending to solve a problem. And medicaid is not the answer. Theyre going to still end up in the emergency room by and large because theres not someone to take care of them. Lets have some solutions. Lets, for example, talk about hsas. The president reduced the level that you could keep in your hsa account. Ill bet people would like that to be higher now where they could actually pay their deductibles and things like that with pretax dollars. We have a lot of good ideas and solutions, and im willing to sit down at the table. Good. Well leave it there. Thank you, congressman, ari and jimmy. More work to do, gentlemen. Now the twitter ipo is just two days away from pricing, and interest is growing, and blackberry is making a run at staying alive on its own. Weve got those stories just ahead. But first, heres our nightly dose of obama care comic relief. A new report shows that only six people actually signed up for the Affordable Care act on its troubled first day. Which means that obama care is doing only slightly better than guitar lessons by mike. I got this. [thinking] is it that time . The son picks up the check . [thinking] im still working. 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And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Welcome back to the kudlow report. Welcome back to the kudlow report. Twitter increasing the price for its ipo. The new range is 23 to 25 a share. That would make the entire Company Worth about 13. 6 billion. Theres so much demand that the ipo is now overprescribed. Remember, it is expected to price wednesday after the bell and begin trading on thursday morning. Call it the blackberry blues. Shares of the smartphone maker plummeting 17 today. The company is giving up on the idea of selling itself to a private buyer and will now try to make it as a public company. That will not include ceo thorsten hein. Take a look at this chart. Now losing 95 of its value since hitting a high of 148 b k bucks a share. Kelloggs is cutting about 7 of its work force. That amounts to about 2,000 workers. The reason, larry, very simple. The company is just selling less cereal. Yogurt is now the new breakfast craze. Cool. No problem. I like it. Nonfat yogurt. Nonfat. Greek yogurt. 80 calories. I eat it all the time. Sheila, thank you very much. Appreciate it. Well have breakfast together soon. Now its almost election day, folks. And in one race, the continuing failure of obama care has become the number one issue. Ken cuccinelli looking for an upset tomorrow in the virginia governors race. But in new jersey, is Chris Christie about to become the gop 2016 frontrunner . And then theres the new york city mayors race. Where a genuine leftist about to take city hall. I just have to live with it. Stay with us. Im kudlow. So if you have a flat tire, dead battery, need a tow or lock your keys in the car, geicos emergency roadside assistance is there 24 7. Oh dear, i got a flat tire. Hmmm. Uh. Yeah, can you find a take where its a bit more dramatic on that last line, yeah . Yeah i got it right here. Someone help me i have a flat tire well its good. Good for me. What do you think . Geico. Fifteen minutes could save you fifteen percent or more on car insurance. Once wrote something on a sheet of paper and placed it in his factory for all to see. Four simple words where the meaning has never been lost. The challenge always accepted. And the calling forever answered. Introducing the allnew 2014 sclass. Mercedesbenz. The best or nothing. This this election eve now, its unlikely there will be any surprise in two of the most closely watched races. Thats tomorrow. New york city, leftist Democrat Bill de blasio expected to easily beat republican joe loda for mayor. New jersey, governor Chris Christie expected to easily win reelection and maybe become the gop frontrunner for 2016. But its the virginia race that could prove most interesting for governor. Polls show democrat Terry Mcauliffe holding a slim lead over republican Ken Cuccinelli. Quinnipiac has him 4640. Mcauliffes up 5043. However, the libertarian has 8 Percentage Points of the vote. And that comes out of cuccinellis hide. And ron paul is in there campaigning for him as was rand paul last week. So lets talk. Joining us now, republican strategist phil musser, president of new frontier strategy. Ari and jim are still with us. Phil musser, let me go to virginia. Can cuccinelli take snatch victory from the jaws of defeat . Is that possible . Hey, i hope so, larry. You know, its really all about turnout. Remember, we have to have 40 of the available vote show up in 2009 for Bob Mcdonnells rather historic win. If we have that same number of votes in the polling that weve seen publicly and privately, its probably tough. The way that ken wins tomorrow is if we have a fairly low turnout, more in the 30 to 33 range. Hes been focusing on getting his base out. As you just mentioned, hes closing his campaign, sending a message to libertarian supporters and sarvis by having rand paul in saying im the proliberty guy in this race. Rand paul was there this past week to say come on, libertarians, come to the gop. And his dad, former congressman ron paul, there right now. So its very important. But the interesting thing for me, jimmy, i want to get to christie in a minute. Jim, the really interesting thing is, the issue has, in fact, become obama care. All right . You live in virginia. I assume you vote in virginia. What do you make of it . Listen, i think it would be great for Ken Cuccinelli if he had another couple of weeks. I think this issue might be peaking, isnt gelling enough quickly enough for him to catch up. I mean, there is a chance. He might catch a break if theres a lot of obama voters stuck on their computer trying to access any of the exchanges. That might help. But listen. One prolife taxcutting gop governor is going to win by a landslide. Whos that . That would be Chris Christie. All right. Chris christie. Ari, yesterday mitt romney, who was on a bit of a tear in his comments, he said christie could be the nominee and save the republican party. What do you think, ari . Put your analytic helmet back on. Well, look. I think that christie is poised for not only a victory but potentially a coalition victory. And by that i mean he can post numbers in new jersey that show a broader coalition than weve seen republican governors traditionally pull. He wants everyone to look at it as a message to the rest of the country. A quick thought on virginia. Phil is right. Anyone whos worked on campaigns understands it is all about the ooufrls th universe that you turn out. This was an offyear election, but the democrats have seemed energized. The president s visit there was helpful. And if you have higher turnout, then you probably have Terry Mcauliffe win easily. Well see. I dont know. Obama care, the libertarian movement, we will see. Phil musser, go back to you. Mitt romney mentioned rubio, senator rubio, as somebody that could win the nomination. He mentioned jeb bush as somebody who could win the nomination. And of course, he mentioned his former running mate, paul ryan as well as Chris Christie. How do you see this race . Is christie going to become the frontrunner tuesday night . He win lets say by 15 to 19 points. He is the most demanded rubber chicken circuit fundraiser in the entire republican party, phil musser. Is that how its going to work . I think hell be there will be enormous surgery of interest in governor christie. Just to give more granularity to aris point, im looking to see how christie does with the hispanic community. As we sit here now, governor susanna martinez, the only one with favorable ratings in the stratosphere of christie is campaigning with him. Christie could be the republican politician to get 30 of the africanamerican vote. Repeat, christie could be the first politician to get 30 of the africanamerican vote in a blue state. Those are monumental numbers and for a party that needs to come out and win, i think a lot of donors, grassroots activists and i think both sides of the party have to look at that and be impressed. So it would certainly be a big signal nationally, larry. Jim, im going to leave new york. New yorks going left. Theres nothing i can do about it. The race is over. A good night for the sandonista democrats. Exactly right. Thats what the New York Post is getting to, soviet union. Jimmy, republicans got to go behind enemy lines in blue states. Theyve just got to. They cant concede all these blue states. Thats the thing that interests me so much about christie. As you said, hes a tax cutter. Hes a budget cutter. Hes a prolife guy. I mean, he may not be the only guy, jimmy, but theyve got to find somebody. Ill give you ten seconds. Somebody win a blue state. Yeah. And hes giving a road map how to do it. I think thats pretty powerful. Great stuff. Phil, ari, jim, thanks, everybody. Thats it for tonights show. Im larry kudlow. Thanks for watching. Well have more election coverage tomorrow night. And more obama care. [ female announcer ] with five perfectly sweetened whole grains. You cant help but see the good. watch ticking you know, in todays regulatory environment, its virtually impossible toto violate rules. And this is something that the public really doesnt understand, but youits impossible for you to go unde for a violation to go undetected. Kroft yes, thats Bernie Madoff saying it was impossible to do exactly what he did. But one man did try to tell the government what madoff wasp to. How long did it take you to figure out that there was something wrong . It took me five minutes to know that it was a fraud. It took me another almost four hours of Mathematical Modeling to prove that it was a fraud. watic