And not getting it. Jesus teens is the name of that company. They register the name. Back in 2007. Here is was some of those genes lookalike. The company uses phrases like dow shot at any other genes before me and he loves me follows me. According to the u. Trademark office the name of a personal character is register both only to if you can show it is used in a way that tells people what you do in addition to who you are. In this case, they get the name because it is at tied the name is tied to apparel. In my opinion a name like jesus should be the exception. Should be trademarked. Jesus jeans, well, they should have turned the other cheek. That is my 2 cents more. And coming up tomorrow, a routine checkup that cost more than a new car. All talk to the man behind some startling new numbers on the price of health care. Steven brill from time magazine. Youre going to want to see that. Thats it for tonight. A very good evening. Im lori rothman in for lou dobbs. We are now three days away from sequestration kicking in. The president s scare tactics and predictions about what those 85 billion arbitrary cuts will do to our economy and sety, very much a question. The selfproclaimed most Transparent Administration in history, the subject of criticism from their own side of the aisle. Revelations from one of their own former staffers. President today holding yet another Campaign Style rally to post the alleged pandemonium that will occur if Republican Leaders dont capitulate to is demands. Those demands being more tax increases to go along with any spending cuts. Overnight but it will be real. A sequester will weaken americas economic recovery. It will weaken our military readiness, and it will weaken the basic services that the American People depend on every single day. Lori but the president is that even selling this message to everyone left. The left leaning website posted a column today titled, is the white house telling the truth on the sequester . The very first paragraph of the analysis reading, president Barack Obamas statebystate breakdown of the sequester, and you get dire message. If you had read it. This guy is going to fall on march 1st. But a closer reading of the detailed report shows that some of this curious stuff is going to happen in slowmotion if it happens all. All this on the heels of the skating weekend oped by Washington Post veteran bob woodward who blasted the president for 11 the sequester a congress. Claiming to senior white house aides told him that it was the brainchild of the ministration. Meanwhile poking an enormous hole in that transparency claim. Listen to him explain how he was told to hide certain information from the press and the public while serving at the pleasure of president obama. When i went through the process of becoming press secretary, one of the first things they tell me was, youre not even to a knowledge that drone program. Youre not to discuss the existence of it. Our denial of the existence of the program when is obviously happening undermines peoples confidence overall in the decisions that their government makes. Lori turning back to the sequester countdown. President obama today reverting to tried and true camign tactics at his virginia rallied, accusing republicans of protecting the rich but refusing to cut tax loopholes for big business in order to stop the sequester cuts. Republican sen more tax hikes are out of the question. Fox news chief White House Correspondent ed henry with our report. Reporter one day after his summit security secretary spine the sequester could make us more vulnerable to a terrorist attack theyre not smart, theyre not fair. Reporter president obama took the fear factor out of the road to virginia where Nuclear Attack submarines are built to warn this region is about to take a major hit. The sequester could cost tens of dozens of jobs right here in virginia. But it does not stop there. If the sequester doesnt affect more than 2,000 College Students would lose their financial aid. Lori the president also took aim at the speaker by name, charging he is now taking tax revenue of the table because he wants to protect t rich. All were asking is that a close loopholes for the welloff and the wellconnected, for Hedge Fund Managers or Oil Companies or Corporate Jet owners or who are all doing very well and dont need these tax loopholes so we can avoid laying off workers were taking kids often start. Reporter using colorful language declaring the president should get off of the campaign trail in this Senate Democratic leader harry reid to pass one of two house bills that would block the fourth cuts. For 16 months the president had been traveling all of the Country Holding rallies instead of sitting down with Senate Leaders in order to try to forge an agreement over there in order to move the bill. We have moved the bill in the house twice. We should not have to move a third bill before the senate gets off their butt and begins to do something. The president of the pressure on him by bringing the local republican congressman thomas got virgil, border force one where the congressman told reporters that in addition to spending cuts he favors raising revenues through tax reform and then got a president ial shot up. Is one of your republican congressman who is with us here today, and that is always healthy for public and, being with me. But the reason hes doing it is because he knows is important to you. And he has asked his colleagues in the house to consider closing tax loopholes instead of letting these automatic cuts go through. Lori reporter quickly get some air cover from some republican leader Mitch Mcconnell bless the president s approach. Refused to offer any kind of reasonable alternative a threat to veto other proposals aimed at averting a sequester. Now here we are presenting the kutcher with two options. Armageddon or attacks like. Both gramm and senator john mccain said the meeting well. Still, no deal. Lori and there is where we stand. Thank you. Fox news chief White House Correspondent. One of the states potentially hurt most by the defense request to cut is virginia. Get this. Some 90,000 civilian Defense Department employees to be furloughed. The Army Space Operations funding would be cut by about 146 million in virginia, and funding for air force operations in the state would be cut by about 8 million. My first guest, virginia congressman randy forbes, a member of the Armed Services committee offering his prognosis today. If you take the wrong medicine to try to cure an illness, it can sometimes be worse than taking the medicine. If you have therong compromise , it can be worse than no compromise a vault. I want to point out to everybody , the dca itself, sequestration, the problem that we are all now facing was, in fact, a compromise, a compromise that was proposed by the president and even though i voted against it, we are looking at it and facing today. Lori the congressman in choosing a bill this week to completely remove defense cuts from the sequestered and to reduce the sequestered by that same amount. We are pleased to welcome congressman for starting is from washington this evening. Hello, sir. I. How are you tonight . Some wonderful. Good to see you again. The president , as you know, spent the day just one district over from yours playing the blame game, warning of dire consequences saying republicans are causing a selfinflicted wound on our economy. Do you think your not, to tell me that you feel that he has you over a barrel, but it is like reach an agreement or take the blame. What is your reaction to what is going on with the sequestration . Well, as you know, you when i talk to us sequestration a year ago when i was trying to point out how bad this proposal the president made actually was and was going to be for the American People. But we have to realize that all of these dire consequences are not just a product of sequestration. From the time this president came into office, his very first Budget Committee began dismantling the greatest military of the worlds ever own. The cat over half trillion dollars out of it already. And when you talk about transparency, lori, it is important to point out that from the very first time he was in office, he issued gag orders at the pentagon where nobody could even talk about the implications of those cuts. And his latest this week, he issued again memorandums that tell people they cannot talk about the reality of the cuts that are there. Lori we do have some quantitative data from the department of treasury, congressman, on the rate of defense spending, and we do know that it has risen of the last decade by 54 . That is inflation adjusted, obviously we have had it worse in iraq in afghanistan. Obviously george w. Bush was the president , but it also includes the increase in defense spending and the president obama. There is a case to be made, there is a lot of fat and the department of defense. Cuts need to be made. It is i time. Laurie, there is no question about that. There is that the department of defense and were working on that in the to continue to work on that. Sequestration is not going to get the fat. It is getting a programs that we desperately need doing in an arbitrary way. Let me just address that 54 percent figure that you talked about. When i first came in congress in 2001, we literally would go on aircraft carriers. Because of all the cuts that have been made, our pilots did not even have engines for the planes. They needed us to try to get engines because they were having to cannibalize those engines from other airplanes. We have had to build that back up over the last decade, and i just at a hearing in the subcommittee and a chair with the former secretary of the navy and a former admiral who said right now, because of the way these cuts have been made by this administration, we would be in dire straits potentially if we had a major tax somewhere across the world. We want to be in a situation. We want to cut, we want to do it in a smart, intelligent way, not the way this the ministers had been doing it. Lori to take your closing this is the equivalent of using the wrong medicine, broke a misquoting you, but what is the right medicine . Second name them off the bat. I would take obamacare out because that would do away with sequestration. All these horrible things here right now would be done away with. I would cut up the money were giving to the un and put that back in our budget. The third thing i would do is cut out half of the government travel that is taking place. That would serve as about 8 billion right there. And in the fourth thing that i would do right away is stop the navy, the secretary of the navy from spending all this money on the biofuels that he has done that is having nothing to do with the purpose of the ny when we cant even repair and maintain our own ships. The first things i would do. Lori appreciate the details. What you think that the president is pushing the meat cleaver approach to back. Because that is the way the president normally deals. The reason we dont have solutions in washington today in large measure is because the president is not very good at bringing people together. Three things that he always does. You make a deal with this president before the incas dry he is moving the goalposts. Lycopod boards article, and you can see that he outlines that very clearly. The second thing is, the president is not very good at talking to people who disagree with him. So he surrounds himself with these Campaign Events with people who apply them to agree with him, but yet to be back here in washington talking to people who disagree with him and his listening to them. Lori so why, congressman, ill let you get to the other point in a minute, would have to come in here with this question. Your colleague of the next county, district over, he is right there with the president taking a ride on air force one today. What is going on . What is his motive . As you nervous . A lot of people in your situation, republican congressman, tolerable for the midterm, concerned about keeping the job. I cannot tell you what is in his min all i can tell you is the congressman voted for sequestration. I voted against it. I thought it was a bad idea then and i think its a bad idea to date. That will let them speak for himself, but the president s proposal about raising taxes is not this party over what to turn this economy around. The smart thingor us to do is to get our spending under control, and here is the only thing that i would just leave you with, when the president passed this enormous Health Care Bill he said, we have plenty of money. If we had not pass that would not be talking of the sequestration. Many pass the stimulus bill, 8,205,000,000,000, is so we have plenty of money. If we did d we would not have sequestration, and then theyre coming up and talking about to percen of the total budget is going to shut the country down. That just does not make good sense to the average person. Lori interesting. All right. Congressman, thank you for your take. Much more on the effects of sequestration a little later this hour with the ateam. 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Oh, why didnt you just say that . Huh what is he doing . [indistinct conversations] man looking for these . You drive buzzed, it could be one very expensive ride. First you got to make bail. Then pay me to get your car back. Your insurance premiums will go through the roof. And my legal fees just keep adding up. All told, it could end up costing you 10,000. [siren in distance] announcer buzzed, busted, and broke. Because buzzed driving is drunk driving. Lori and fed chief ben bernanke ran into resistance to is easy money weighs on capitol hill. But testified if, the fed is standing by its unemployment target. Senior u. S. Economist for Deutsche Bank joining us in moments with his thoughts. First, lets review the action on wall street today. Newhome sales rose to their highest level since july 2008. And the median price of a home rose. The fed lower rate policy seems to be open the realestate market. As for stocks, the dow rallied 115 points, s p gained nine, nasdaq up 13. Volume on the big board. Two major stock stories today to tell you about. J. P. Morgan announcing it will fire 4,000 workers in its Consumer Banking division. Not impressed with that. And stock lost a dime. Apple stock rallied on the river that stock. No comment from apple. Despot in to the rumor. Perhaps concern about inflation could be seen in gold which rose by double digits again today after 28. 90 per ounce, the biggest one day gain so far this year. Settling at 1,615 and 0. 50 per ounce. Oil for its part lost 0. 48 on the barrel. In the bond market treasury to new york pushing lower closing. So, ben bernanke given the dead money policy debate in the semiannual testimony to congress saying it would help boost the housing and other sectors. Joining me now with his economic outlook, a senior u. Ss economist for Deutsche Bank securities. Thank you. The testimony. One of the use that term . The change the name for whatever reason. I guess it turned around. Lori fair point. I was just curious. Usually this is a nonevent, but a lot more people were focused in on bernanke today because it has been some dissension, if you will, among the voting members of the fomc about this wonderful Asset Purchase Program we so come to refer to as quantitative easing, especially because of what it does to the stockmarket. Absolutely. So the fed has been firing with both barrels in terms of purchasing 85 billion of securities permanent. Some treasuries, some mortgage securities, and we thought everything was continuing in that direction. In the last two fed meetings, december and january, we learned that the camp was emerging, this ought to hawkins camp a lure voters on the committee who are not comfortable with the program and showing some signs that maybe we could be backing away from qe. Lori that said, the market is not buying it. Today he definitely show that he is telling. The contingent, really the core of the committee, the chairman, bernanke, vice chair person, also the new york fed president. That is the core of the committee. Theyre showing that theyre nowhere near the poin