Shouldnt intent to selected for enforcement of the law by the justice department. This time eric holder clears the way for banks to except marijuana business despite the fact that pot is still the old people schedule what substance there for congress is illegal eeen by banks. The a team on that issue and vulnerable democrats are worried about keeping their jobs. Many of them were desperate ahead of the midterm elections. senators from alaska, a virginia, now sponsoring Health Care Plan with the lower level of coverage much like the coverage that obamacare forced millions to get rid of. We will ask the president of the gate Land Institute if it is a ploy or if they can save obamacare and their jobs. For the top story the president with the drought and the environmental disaster how bad is it in california . Most of that state is experiencing extreme drought than 10 percent the highest possible level communities are in danger to read all of water were to run pipes from the other districts and not just a california problem there will have the effect of underprices because their farms produce 21 of total food supply more then countries for its animal and vegetable soon did not come from there it is estimated at 5 billion about 10 percent of the industry in a duel profits last year. Our first guest is a state senator you rancher who represents the Central Valley. 82 recess from the capitol in sacramento and wrote a letter to the president asking why washington has done so little to deploy federal resources to bring in more water for the of farming communities. Great to have you with us. You have got to be pleased i assume that the president is interstate pledding aid a huge relief. I am very pleased he is and our state assembly he will only be there for about two hours and one of that is id transitory helicopter rides for our wish she could spend two days or two weeks to see those utterly hurting someone might have Drinking Water. It is devastating. The other point that 38 percent with the unemployment it is an indescribable. Lou i understand you the importance of the president been there with the Central Valley in other parts of droughtstricken california but the fact is the interior department, the bureau of reclamation what are they doing to help . Not anything. I was calling for a drought one month ago then finally the governor declared. Now we have three congressman that had a great bill that cleared the house a huge the president promised to veto. Our senators have come off with legislation that will help. Theyre throwing money at it but it doesnt do anything that highlight what our federal and state agencies have the power to do. There is no relief. We have got to change our way of thinking. Lou your reservoirs are down, the water table, of Water Supplies dropping dramatically. The reports suggesting it is a 500 year drought likely to worsen. What can you do . You had to sell some of your catalog your branch, you had to lay off employees i suppose that is the story tragically repeated across the Central Valley and much of central california. Yes. All lot of folks are hurting a lot worse. I have friends that will probably lose farms and ranches not to mention those that will not be working. Theyre not looking for a handout. They want to work we have the us dash lockheed it was built 60 years ago as an act of congress sam from there it runs into bakersfield there is a lot of communities relying even just on than Drinking Water not to bend to the citrus, grapes and fruits and vegetables but now were running out they are trying to restore it but it has been gone 60 years it does not make sense. The salmon will cost two or 3 billion apiece but on the last april to federal reservoirs when state they read 96, 108 you 101 percent of historical average than poorer full day lead aid under 26,000 acres of water go to the ocean. Lou why . Why did ttey let that runout . Matt is the environmental stuff that is coming back to bite us becauss now we do have a drought. Recovers bother in president kennedy helped to spearhead the system. Have the envy of the world with our water system. We have capacity i am fighting for more storage but then we let it all ought to the ocean . Lou talking about nevada and arizona now northern new mexico watching the effect of the drought spread and worsen we will see uglier results and what you were already experiencing is there any way in which we could fix this quickly . Common sense has to prevail and should not be political. We shall look at communities they allentowns we cannot come in with a bandaid. Lou you are the state senator controlled by democrats. Are you working together . It is your of urgency what are you doing it day by partisan and common sense way . I tried to educate my colleagues colleagues. We do that the best we can we do have some bipartisan support. We just keep telling our story but with washington d. C. Into the higher levels they have a different view and many think we should not even exist. Lou you may not if this persists over several more years. But what is the federal usda or the interior department do we . We have numerous agencies it is clear what the epa is doing but what positively are these agencies do we now . Back nothing positive. We hear a lot of lip service but we get between zero and 5 of our water it does not make sense. They will see a total catastrophe and food prices will go up. Lou those food prices california produces about 20 of that portion of the food supply. It will be striking. House and do you think that impact will be felt . Did back already the lettuce is already shifting to nonexistence but it will start this summer with the balance than the tree fruit stand citrus you will see this a lot of people live in food lines i have a can of carriage that came out in 2009 and this was passed out in the food lines last year or 2,000 night is a product of china. That does not get you writeup people given product from china . It is unbelievable. Lou by some estimates 20 percent of the total food supply is now produced and is forbidden in origin we brag about this country the food independent but we are no locker and that they were said roswell. We wish you the very best. Senator vidak. The east coast digging out from though winter storm that draw more than 1 foot of snow 25 deaths are blamed for hundred thousand people have the power most in South Carolina and georgia snowfall totals above normal detroit york you boston. Of air traffic hit hard the weather has been record setting reported more than 75,000 flight 75,000 flights have been canceled since december 1st more than 5 of all scheduled flights. American speed skater is asking permission for older suits after the new ones for their disappointing performances the mock 39 help to be developed with Lockheed Martin were built as the fastest speed skating suit in the world but others blame the of the today and the ice and faster competitors whenever the reason and under arbor stock is down 2 i personally believe the best trading lack of pulled red, white, and blue on blue suits are the factor. Stay with us. We will be right back. As senator democrats think they may lose the election not only gold silver and bronze but now copper as well. What are they thinking now . What does everything mean to you . With the quicksilver cash back card from capital one, it means unlimite1. 5 cash back on everything you purchase, every day. It doesn mean, everhing. 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[ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Lou all street stocks posted the best week of the year Dow Jones Industrial average up 127 the s p applied and the nasdaq up three posting weekly gains of more than 2 . Target cybersecurity staff raised concerns of the patent system two months before the massive data breach but the retailer is accelerating plans for safer computer Chip Technology that it abandoned in 2004 it is just used an 7 of credit cards mastercard and visa said the 2015 deadline to switch to the chips. Pulled wagon expected to announce of the tennessee employees voted to join reid the uaw and workers at the plant are big on average 19. 50 after three years the uaw workers make 80. 41. What is this about . National right to Work Committee president joins us off but day to break down the highstakes election and and why bandage rent is supporting the union. The administration and insist obamacare is meeting expectations and a large number of people have paid premiums. We expect march 31st we will have a significant number of americans who have purchase plans with the demographic breakdown will be well within we had hoped to see in order for the marketplace to faction in effectively. Lou labored but not so hard. President of the gaelic institute great to have you with us. Try to start with the president s spokesperson laboring over a straight forward question he does not want to the user directly. Do they have been released that approach anything that they talked about at the outset . They have to be so careful with what they say be coz of what they are not telling us. 3. 3 Million People have signed up with the federal and state exchanges but that does not need they have paid or are covered so we have at least 20 or more that have noo paid premiums. That is the first one. If that were good news they would tell us. Lou the other good news is that the demographics as jay carney point it well within the what we hope to see. 18 through 34 yearold comprising 25 so they say. The berber they wanted was 40 to pay for elderly folks whod leave more expensive care locker. The truth is it is 25 they said that would be a disaster earlier. But they have to look at the incentive. They made this insurance much more expansive view the less attractive for those in principles they obtuse spend several thousand dollars per year for products they will not use but what they need is to have those young people to pay more than what theyre likely to use with Health Coverage so the older people could pay less but guess what is happening . The older sicker people will sign up but the and your people are not civic that we have this proposal put together that are gasping in desperation with the lower costs planned that sounds like the Insurance Plan that they were forced to cancel because of obamacare. The policies that many people had ever canceled for obamacare were more attractive. The deductibles that they considered to ba a high deductible called hundred per year but with the bruins play and many are 4,000 per year copper is 6,000 it is hard to see how that will make them more attractive to people certainly than what they had before i dont think so i think it is just grasping at straws to. We will see the impact is likely before that of the impact for earnings for Insurance Companies. A dent a warding of those dirty this is the expectation what is the effect of the Insurance Industry itself and the Health Care Industry itself . First of all, only 11 percent according to mckinsey and company of those who are enrolling are new people who were not insured before. This is a gigantic turned from those who had policies that hey liked and canceled those struggling to get coverage through state or federal exchanges. They thought they would be getting a lot of new customers is not happening. Not good for earnings. S ceo of atlas said they sold 200,000 plans battle the 130,000 have paid the previous befoul holds up also the Insurance Companies are getting corrupted data especially from the federal exchange. Believes are wrong wrong, addresses, children wrong, addresses, children, but making individual calls which is a huge cost to sort that out. Lou very quickly, we are hearing anecdotal reports every side up is costing 57,000 just to sign up . To bring in those enrollees to the exchanges . Surely not . Rebecca could be if you count the cost of the web site. We have spent 5 billion of the federal and state website suggest adding that eppley could have covered almost everybody with a catastrophic policy alone. Lou take you to be with us. 50 years of the swimsuit edition and with Sports Illustrated the most profitable single issue bag Design Franchise of the world to put that in specific terms the cover hits newsstands next week and the annual swimsuit edition amounts to about 7 percent of Sports Illustrated put annual revenue and has brought in over 1. 5 million billion dollars. Despite the pep taco obamacare the main reason trying to take control. Next. The new new york, we dont back down. We only know one direction up so werep early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Ortart a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres on one way foyour business to go. Up. Find out if your business can qualify at startupny. Com lou president obama and dropping in on the retreatt3 to give a muchneeded pep talk to face the uphill battle one dash battle to keep the seat. Here is the president acknowledging his Signature Health care law will cost Many Democrats the seats in congress. Faq for being tough on issues that i think 10 years from now we will look back to said this was a monument to achievement that could not have happened if not for this caucus. Notice you went from 10 years down the five years the midterm elections are 262 days the way. With the bid terms the republicans would have to commit some for of the electoral suicide. There is a lot of history to contend with. The democrats in the bow with net of 70 to regain control. No party has never gave any where near 17 over the past century. Republicans and president bush wanted eight seats to thousand two. Democrats and clinton won five seats but now 17 . Publicly but perhaps this is a special your baby the polls that showed 55 percent wish obamacare had ever passed are irrelevant. Not likely. The latest nbc will street journal poll show democrats hold just a 2. Into a ditch on the generic congressional ballot. Right before they want bauhaus they had the higher percentage of 15 . Maybe california dreaming if they think they have a chance. The president is more concern probably with geopolitical discussions were his golf game if nothing else. We have more than 28 Million People a lot of work lets bring in lots of lowskilled workers. Thats the ticket. Next. Lou the obama in registration and providing new guidelines to allow commercial banks to legally provide financialservices to state licensed marijuana businesses. Turning a blind eye to federal law that calls for the prosecution of such activities under existed statutes. The Obama Administration is holding a have a dance. Former clinton adviser doug showed reporting and alice said barbara. Good to have you here. What is the world is this industry should do we . States rights . Back i thought it was in the context of the constitution. What they are saying is if you are a Bank Operating in the state where it is legal they will not enforce the law. I have a problem with it. Lou do is talk about the power of the four federal Government Senate there is also places a does not acknowledge a certain begs but states acknowledge Marriage Equality now people can get married there are states was. I think it is a dangerous precedent to lew set and had it violates the claus you may not mind the policy changes but down the road you could. This is not an administrative like other executive orders but very clearly a change of enforcement if you choose what to enforce theres a reason in france called for president he could say i will not enforce it comes tax. It is a slippery slope. It is a simple answer practical problem of Legal Business and a stay at one vast amounts of cash floating around like that to have access to the Banking System with the regulations but bottom line i dont want unregulated businesses care reading and out of control with massive about the cash. Lou even at the expense of statutes with conagras the regulation of the federal government to find it expedient . Period people should sue and let the courts decide. Lou i would expect the cut president to faithfully execute the laws of the country. He has not done that on another matter so why is this different . Lou i would expect it describing that he calls itself a constitutional scholar. Doesnt the Affordable Care act give you pause . Lou more than that. Tel dawn to use as in the oped United States needs more lowskilled immigration because americans are unwilling to do such work. This is peculiar . He said these of skilled workers i assume he describes the legal immigrants Illegal Immigrants is a bad bet one dash megabit. You are the strawberry picker youre probably not paid a minimumwage maybe onetenth. Lou does go the other way they are paid more off the books but know where your to the works they perform. I agree. What troubles me about the point is you only assume if people were not willing to wwrk it is under the circumstances that the is of the grants were. Once they become the goal is a different story . We disagree on emigration and. I think we should have a pathway to citizenship. Lou i support that entirely and they have been the first one to support the Judiciary Committee planned. 100 percent . Lou why do we have borders then . Back went into recession is realistic. Lou then we will all be disappointed. That is your way to kill it. Lou . Your way to kill if it is to insist foldboats to demand citizenship for those who are here illegally. If you say rhetorical nonsense like that prayer to be bounceback. We have the strong guest enforcement mechanism you would like when it to pursue divorcement. Lou i blood like honesty. It bring 6. 5 Million People per year. It is simple. If you get the phd as a degree you dont get the green card. Do you agree . Do you agree . I told you what is wrong. Will you sent them all back . Lou have you ever heard me . I have spent talking about that. What would you do . Lou what have i said . Had never called for the deportation of a single person. Of would like to continue now with the broadcast that we would like to construct for our audience a interred to tom donahue is the the id heaps of this country the elite, the 1 to run the country as if they are threatened during the jewish during theerun up at world war two. It is not the ideal formulation but i do have the degree of sympathy because more immigration improperly immigrated of low income workers will stimulated economy. Lou our salvation is to bring in . Back i did not say salvation i did the say illegal. Lou why is that a solution with 20 billion and employ it . We back i am for tax reform i am for overhauling the federal budget, cutting spending we have to have a program. Part of that is the immigrants here. Lou absolutely we apply to relieve the status quo intact and expand the program instead of deal with the issues. By box set every day. Shows what a a clear divided there still is. It is a complex issue. There are a lot of different issues but whether it comes to a halt immigration benefits the economy we have seen poll after poll the priority is not immigration right now but the overall wellbeing of the economy and jobs. That is what the average person is a little more concerned with right now period lowes scale immigration and how that helps. They do see that helping them personally. Lou either the republicans nor the democrats are talking about the fax cover the size or scale or scope for the bulk of the system that they define because they have a different constituency. It is a shame because i have watched this over a course of a decade it has not improved much except the integrity of the argument. Think you so much. Wall street closes with the strong best performance this year. A huge we have the pruett improving economy. He said that. Next. Male announcer ] legalzoom hahelped start over 1 million businesses. If you have a buness idea, we have a personalized legal solution thats right forou. Withasy stepbystep guidance, were here to help you turn your dream into a reali. Start your Business Today with legalzoom. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got aew title. And a raise . 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During the us with the outlook with of Market Correction and chief economist for moodys, not that i ambuscade, but john, what happened to the conventional wisdom two weeks ago talking about corrections . For whatever reason janet yellen. Lou she is just barely in the job. [laughter] but if the economy slips or if we do have a correction the fed would be quick to take remedial action. 425 billion. That is not bad. Lou i really like her before her committee in front of congress this is Big Box Office to approve of that day to day points 200 points with engage eight legal wages be back very simple tuned straightforward ian deliverable to a bad others could not follow that same formula. Lou schaede they set a new standard very quickly. Maybe they could have her work of their rewrite of health care reform. Lou we should not distract her from her day job with 4 trillion weedy her fulltime coaches. Weeder earnings to come relatively strong. But they are bought it and has some sneaky decadence. Interestrate swap will be made low. The 10 year treasury above now 2. 75 that is helpful. Less than 3 band the market demands less so the focus becomes then to get some semblance of profitability for if we could accomplish that by the end of the year the overall market would be up by five or 10 . Lou we have seen a the market recover. It will be choppy Going Forward were looking at a slow down we dont know what extent that is due primarily to a harsh winter weather. Lou i watched their discomfort as they try to rationalize their failure to put forward a strategy for their company. This is pretty clear so i wonder why it is so opaque . It will be modest growth for its plants the economies like the United StatesGoing Forward the past 12 months to focus on non Discretionary Spending getting growth of only 1. 5 to its is our Discretionary Spending our housing related move aid to the slower rate of growth. Lou a billionaires idea to change the world. Next. Aluminum production in sou africa, and the Aerospace Industry in the u. S. . At t. Rowe price, we understand the connections of a compx, global economy. Its just one reason over 7 of our mutual funds beat their 10yearlipper a. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment formatio risks, fees and expees to read and consider carefully before investing. Lou america has a man he the best problem for sometime now to manage to ignore live alone except. There was a time we were a class of society in this country all of us working hard to live the american dream. Now we are a society that is stratified to continue the alliterations and kayhan be suffocating. Tom perkins worries there is a rising tide of hatred of the successful one notice he stuck in the word successful of might make him feel better instead of the phrase amazingly rich are nine of the 99 also successful in ways more significant or important than material wealth . But thats certainly counts but now when asked to be the one idea that would change all the world. You dont get the votes but what i really think is it should be corporations if you get 1 million votes. [laughter] lou it is a lousy idea and not american and all and not funny either. Dont push the corporation because you are far too smart to understand it is hollow advice to serve corporate interest not necessarily the publicinterest no one loves Free Enterprise capitalism and all the girls with it more than can be but to create Business Success with cosmic genius suggesting how we should all think it just demonstrates the limits perkins went on to repeated they tell the audience he does not the people have any idea what the 1 is contributing to america. That is not true we talk about their contributions here all the time. He talk about how they pay a disproportionate amount of income tax 35 percent of all taxes paid compared to less than 3 with the bottom 50 of workers and taxpayers. Millionairess spread and what ever more influence should be comforted by a closer examination of the voting process with the electoral system. It turns out the 1 does not need any help at all. Not from anybody. We one to add un to 1 to the divide a new ratio of more eyepopping ratio. But about 01 of the 01 like tom perkins, michael bloomberg, a george soros contributing more than 40 percent of all money spent in the 2012 election cycle. 40 percent of all money spent in the 2012 cycle compared to only 15 percent in the tv the. 9080. Tuned the trajectory for the 1 of the 1 is comforting and more than adequate compensation for the constitutional burden of putting up with the equal rights of the other 99. 9 and of that i want to present a certain. Time to look your comments. Talk about the latest polls. It is reported that mr. Obama but who is under water with every possible scenario how can he be under water who can walk on water . Excellent point. Is there in the law obama the cannot suspend delay modify or ignore . We have not done the close enough examination but it appears the answer is no. I have just finished reading your book upheaval the should be required reading for the president and all members of congress. Well done. Lou contact us on our social sites. Lou loudobbs. Com follow us on twitter and go to the facebook page. Free copies of upheaval to all offers of the comments we read on the broadcast. Have a great weekend. Good night from new york. Y diculousness. From fashionhat flies off the shelves. And you. Rent from national. Because only natnal lets you choose any car in the aisle. And go. And only national isanked highest in car rental Customer Satisfaction by j. D. Power. natalie ooooh, i like your style. vo so do we, business pr so do we. Go national. Go like pro. Iprise asked people a simple question in retirement, will you outlive your money . Uhhh. No, that cant happen. Thats thing, you dont know how long it has to last. Everyone has retirement questions. So ameriprise created th exclusive. Confident retirement approach. Now you and your ameripise advisor can get the real aners you need. Well, knowing gives you confidence. Start building y your confident retirement today. Neil well, it is ready. You know where your republican congressmans soul is . We are talking about the debt ceiling hitting the roof. Because they are so focused on winning later this year that they have given up the fight to rein in spending this year. A trillion dollar farm bill that insults farmers with the overthetop starting the week off push by the president that his piles on this to end the week. Republicans are afraid to cebu or complain. Hoping to keep their