the white house says the small business jobs bill will offer about $12 billion in tax breaks, eight new tax cuts will go into effect today. the bill extends lending by the small business administration giving many small companies the credit they need right now. and it s expected to create about 500 jobs. check that, 500,000 jobs. that is for signing later today in the east room of the white house. 7 minutes past the hour now. martha: if you open your statement on our 401k and notice there are some pretty nice gains in there in the recent month you might ask yourself, why would that be? one big reason according to stewart varney, anchor of varn varney & company on the fox news network. when there is more money in there i don t have zoom questions. i m just glad it s there. what do you think is driving this. reporter: politics, political shift. the possibility of a change in economic direction, policy direction if the republicans sweep in november. all the way through the month of sept
videotape. they said it did happen. the two helicopters were attempting a hover maneuver but lost power descending into the water. eventually both choppers were able to right themselves and land at a nearby airport. they are okay, they are cool. it almost looked as though it was intentional. martha: it s incredible that you can liftoff the water and land safely after that. it s unbelievable. bill: and they picked like the nicest place in the country to do it, lake tahoe, second week in september. martha: that is scary looking. bill: all right. martha: well proof for you this morning that belt-tightening actually does work for states. the state of rhode island turned a $62 million deficit into a $17 million surplus, it can be done. how did they do it? rick leventhal joins us live in our new york city newsroom. maybe this is something that all states should pay attention to. what is going on in rhode island.
how effective can michelle obama be for the candidates. they are being careful in where they send her, she will go campaign in wisconsin, and colorado, and california. in places where democrats are in the senate race that s are tighter than they thought they would be and thought they would have easy re-election and campaigns and are actually having trouble and the white house thinks that she can be effective in places where voters are open to democrats, but have their doubts about this candidates. martha: all right, byron york, it will be a busy 36 days and counting, thanks very muchinsig bill: we found a tea party gathering in philadelphia, pennsylvania in the not in washington or philadelphia, pennsylvania but in the heart of beverly hills, california. and there is more, apparently. the tea partiers say they want out of the election and their plan for getting it. martha: everyone is foggy this morning. bill: the southern california weather. martha: police need the public s
that would end that uncertainty. but you re right, the stock market anticipates what is likely to happen in the future. and the market is saying this is going to be a rally for the economy and the stock market because of a republican sweep. martha: then you know what happens when that thing actually happens the market pulls back. reporter: wall street can never work it out but right now it s a republican rally. martha: very interesting. thank you so much. bill: nine minutes past the hour. a father in california accused of going way too far when trying to teach his stepdaughter s boyfriend a lesson in young love. this does not bode well for you. do you know what that means? yeah, not a good thing that the person you have sex with is a cop s daughter. bill: what the police officer did and the boy s attorney tells us why he thinks it all went too far. he rents the parents of that boy. martha: the fear of god in that
well and he s giving a lnltsy talk about this. lengthy talk about this this morning and also is weighing in on how he thinks democrats can win come november, here s what he said this morning. the question for voters over the next five weeks is, who is putting forward policies to have a chance to move our country forward so our schools have improved, so that we have the world class infrastructure, so that we are serious about helping small business, and, we are serious about getting a handle on our spending, and who is engaging in rhetoric and i think if that debate is taking place over the next five weeks, we are going do just fine. martha: all right, we just talked about bill clinton s star power and michelle obama, high powered on the campaign trail, and what about president obama and his contribution to the campaign trail, and joining me now, fox news contributor, byron york, good morning, byron, good to have you here today. martha: the president is making his case, this morning