i mean, a good catholic boy like paul ryan wouldn't slam the door on the nuns, would he? paul ryan? >>> and more on the intrigue later inside the supreme court. we have more information tonight about how chief justice john roberts managed to write both the minority opinion of the court and the majority opinion by switching his vote from one side to the other and making supreme court history in the process. the wheat in every mini-wheat has gotta be just right. perfect golden color. rich in fiber. my dad taught me, and i taught my son out there. morning, pa. wait... who's driving the...? ♪ 99 bushels of wheat on the farm, 99 bushels of wheat ♪ [ male announcer ] yep, there's 8 filling layers of whole grain fiber in those fun little biscuits... so they stick with you, all morning long. kellogg's® mini-wheats cereal. [ mini ] yee haw! a big breakfast in a little biscuit. kelwould you mind if to beeal. i go ahead of you?omer. instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. people don't like to miss out on mo

i mean, a good catholic boy like paul ryan wouldn't slam the door on the nuns, would he? paul ryan? >>> and more on the intrigue later inside the supreme court. we have more information tonight about how chief justice john roberts managed to write both the minority opinion of the court and the majority opinion by switching his vote from one side to the other and making supreme court history in the process. an accident doesn't have to slow you down. with better car replacement available only with liberty mutual auto insurance, if your car's totaled, we give you the money for a car one model year newer. to learn more, visit us today. responsibility. what's your policy? >>> it was in this segment last night that we broke the news that chief justice john roberts wrote both obama care opinions. the majority opinion, finding it constitutional, and the minority opinion, finding it unconstitutional. professor campos, i was just told before we came on that you may be able to add to our knowledge of this with some breaking news information of your own from a source close to the drafting of th

>> i think that the most likely pick is paul ryan. paul ryan. >> let me stop you there. you say you believe paul ryan will get it and we will get back to why. all right, mr. shaffer, dick cheney on sarah palin? >> i think t might be a little bit overblown. let's just remember at the time that he picked her there was widespread enthusiasm. she breathed new life into a campaign that was really rather pale in comparison to the sort of excitement that was surrounding president or then governor i'm sorry senator obama's campaign. so i think that we need to remember that she did sort of an unprecedented role in terms of sparking voter turnout in the way that vice presidential candidates don't usually have. >> bill: the terms of the play dictated palin because senator obama was perceived as young and hip and with it and change and hope so they had to get this young person in to counter that. that makes sense. but, as t unfolded, as it unfolded, do you believe that most americans, not idealogues, not conservatives, not die hard republicans felt that governor palin wasn't ready f

paul ryan joins us in an exclusive interview. it's all ahead on "closing bell." [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are th

>>guest: my argument is that i like paul ryan. you need a choice election that would signature a choice that is politically risky if romney, but you would win with a mandate and winning just by itself is not good news because we are in bad situation debt-wise and long term. >>neil: what does your gut tell you about the way romney handles this. if he gets a safe, well, not an exciting pick, not to take anything away from senator portman of ohio or pawlenty, the former minnesota governor, tim pawlenty, that's almost too safe, too vanilla and he has to be more bold. >>guest: i think romney can win playing it safe. we have unestimated how bad the economy is. and how that will affect voters. they trying to throw all the bain attacks at romney and it barely moves the polls. people will look at the economy and go with romney. that is why i think he needs to go risky not because he can't win without it but if you get the fundamental change you need, you bring someone that signal as mandate, paul ryan would signal that type of change. >>ne

someone like paul ryan versus establishment. which way do you think it should turn on that question? >> there is a choice is that everyone saying can the vice president win a state? region? and that is the question facing come knee now is this is boing to split republican party since getting tossed out of congress in 2006. the old guys versus new, young generation dealing with the deficit, reform the tax cut, attacking entitlement problem. it's going to give them shine and reassure voters you've got big ideas and plans. those are guys like marco rubio or paul ryan, for instance. he needs some of that to rub off on him. >> dorjo think, paul ryan is a favorite among an awful a lot of people. he has a medicare proposal some people think is too risky. >> yes. on the bush side and there is he's willing to touch the third rail. on the other hand he's a rather younger version of romney. he's business like, he's in many ways strong and admirable. and youth may appeal. >> he can make the argument of substance. much better than mitt romne

that's the danger with paul ryan about fundamentally re-imagining medicare, turning it into a voucher program. i will point this out, chris. in both 2004 and 2008, 60 plus-year-old voters made up about a quarter of the presidential electorate. about a quarter of the presidential electorate. mccain won them by four. george w. bush won they by eight. he wants to narrow the gap or not lose badly. he wants to keep the narrow among seniors. they think this is certainly a way to do that. >> you know, erin, my dad was a pretty conservative republican, but the one thing he liked was medicare. he worked all his life and he said finally i get something for all the money i paid into the government. medicare is really popular among people over 65. they really, really like it. and now to come along and threaten to cut it or turn it into a voucher program could be political suicide for the republicans. do you sense biden is out there sort of like advertising what is to come, a preview of a movie coming? >> absolutely. and president obama is going to florida on thursday and friday for a couple event

that's the danger with paul ryan about fundamentally reimagining medicare, turning it into a voucher program. in both 2004 and 2008, 60 plus-year-old about a quarter of the presidential electorate. mccain won them by four. george w. bush in '04 won them by eight. obama just wants to narrow that gap or not lose them badly. he's not going to win the election there but could lose it. he wants to keep it narrow among seniors. they think this is a way do that. >> erin, my dad was conservative republican. but the one thing he liked was medicare. you know. he worked all his life and said finally i get something for all the money i paid into the government. medicare doesn't -- really popular among people over 65. they really like it. now to come along and threaten to cut it or turn it into a voucher program could be really political suicide for the republicans. do you sense biden is out there like advertising what's to come of a preview of a movie coming? >> absolutely. president obama is going to florida actually on thursday and friday for a couple of events and i expect that he will talk a

that's the danger with paul ryan about fundamentally re-imagining medicare, turning it into a voucher program. we know it, turning it into a voucher program, in 2004 and 2008, 60-plus voters made up about a quarter of the presidential electorate. mccain won them by four. george w. bush won they by eight. he wants to narrow the gap or not lose badly. he wants to keep the narrow among seniors. they think this is certainly a way to do that. >> you know, erin, my dad was a pretty conservative republican, but the one thing he liked was medicare. he worked all his life and he said finally i get something for all the money i paid into the government. medicare is really popular among people over 65. they really, really like it. and now to come along and threaten to cut it or turn it into a voucher program could be political suicide for the republicans. do you sense biden is out there sort of like advertising what is to come, a preview of a movie coming? >> absolutely. and president obama is going to florida on thursday and friday for a couple events, and i expect that he'll talk about it then

paul ryan at least, whether you agree with everybody paul ryan did and i've even said i didn't like the voucher part of it, i said he should have just layered the rate of growth. at least he had the guts to take on medicare. and, yes, i may have spoken for, what two and a half minutes, 2:45 right now. but now we've got to turn it over to steve ratner, who has been burning the midnight oil to come up with these biased left wing torts. let's watch the snunumbers now, let's see the facts. >> good morning, everybody! >> what do they have in the water there? >> that's a setup. >> i'm just pushing back. >> i haven't even pushed yet and you're pushing back. >> poor ratner. go for it. you and joe, go. you take on joe. give him the charts and seep what he says. >> i understand what you say about president obama. let's litigate romney because romney has endorsed the ryan budget and i don't believe just -- all the problems that you identified with entitlements are absolutely true. we're going bankrupt, stealing from our children, we can debate separately whether the president has or hasn't done wh

ryan. then stephanie qatar, obama for america deputy campaign manager, along with kevin madden, senior adviser to the romney campaign. that's five network talk shows beginning at noon eastern time brought to you as a public service by the

ryan. [ applause ] it's all true, now i go around saying, i know paul ryan, i know paul ryan. [ laughter ] we hikd by the way last year in colorado, i think i was that close to getting him to run, but i ran out of steam on the peak and he went ahead and that was it. i lost the argument. we have a great bench. i've only mentioned a third of them. we have a lot of people coming along in the conservative movement, a lot of great leadership and i am very optimistic about it. the other thing is, one of the great blessings of my life and i've been so blessed, i had an opportunity to write the three-volume history. i learned a lot about america writing that book. i wrote it because i think our major problem, our major problem, someone said if you can identify one major problem with america right now, there are a lot of them. but i would say the major problem -- and remember i'm secretary of education so i may be biassed in this direction is that people do not know what america is. our young people do not know what this country is. they do not know that in the long story of misery and inhumanity

house budget committee chairman paul ryan joins us live from capitol hill. plus, when separating investment banks from commercial banks, will it unlock value for shareholders? and do you agree with the call to break up the big banks? tweet us @cnbcclosingbell. s bot, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ...forbusiness.com. [ yawning sound ] looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. >>> welcome back, my next guest is the fiscal hawk in washington. he is focussi

someone like paul ryan versus establishment. which way do you think it should turn on that question? >> there is a choice is that everyone saying can the vice president win a state? region? and that is the question facing come knee now is this is boing to split republican party since getting tossed out of congress in 2006. the old guys versus new, young generation dealing with the deficit, reform the tax cut, attacking entitlement problem. it's going to give them shine and reassure voters you've got big ideas and plans. those are guys like marco rubio or paul ryan, for instance. he needs some of that to rub off on him. >> dorjo think, paul ryan is a favorite among an awful a lot of people. he has a medicare proposal some people think is too risky. >> yes. on the bush side and there is he's willing to touch the third rail. on the other hand he's a rather younger version of romney. he's business like, he's in many ways strong and admirable. and youth may appeal. >> he can make the argument of substance. much better than mitt romne

i love paul ryan. i don't think he will take paul ryan because he doesn't want the budget to be in the campaign. if ryan is his running mate that would be a big issue or one of them. >> one thing that governor romney has said in private gatherings with fundraisers a as recent as earlier this week, in colorado i talked to a couple people and said the top criteria is they can no questions will be asked about the readiness to be president. that eliminates some of those people from the list. i think it gets back down to what ann romney said in an interview on the fourth of july that the pick will be someone whose personality will be more like my husband's. >> she is a woman from new hampshire and has great chemistry from the candidate and mrs. romney. >> well said. panel, swree to take a break. the obama campaign goes all out as we know and attacks his time at bain capital. question, is it working? we will be right back. >>> romney only says there is no evidence that he was in charge at that point. but new

i love paul ryan. i don't think he will take paul ryan because he doesn't want the budget be in the campaign. if ryan is his running mate that would be a big issue or one of them. >> one thing that governor romney has said in private gatherings with fundraisers a as recent as earlier this week, in colorado i talked to a couple people and said the top criteria is they can no questions will be asked about the readiness to be president. that eliminates some of those people from the list. i think it gets back down to what ann romney said in an interview on the fourth of july that the pick will be someone whose personality will be more like my husband's. >> she is a woman from new hampshire and has great chemistry from the candidate and mrs. romney. >> well said. panel, swree to take a break. the obama campaign goes all out as we know and attacks his time at bain capital. question, is it working? we will be right back. >>> romney only says there is no evidence that he was in charge at that point. but newly

. >> dana: if you make that argument, you cannot say that paul ryan's budget would cut medicare. it's increase, lower increase, and -- slower increase and they reform it. if you make that point about president obama now you can't say it about paul ryan going forward. >> bob: i would say paul ryan if you took his program would cut the cost but also put people in the more dire straits. >> eric: wrapping it up here. coming up, class warrior in chief. at it again. money can't possibly have value. right? we'll play the outrageous tape after the break. ♪ ♪ ♪ ♪ >> dana: welcome back to "the five." class warfare, favorite topic of late. listen to president obama yesterday and see what you make of this. >> middle class is also an attitude. it's not just about income. it's about knowing what's important. not measuring your success just based on your bank account. but it's about your values. an being responsible. looking after each other. >> dana: nothing objection to believe that statement. but it's what he dop say that has some people questioning is it -- not saying that, does it

sl wth politicians do is many of them love her tremendously, ad grand polis win paul ryan is a superb example. ul ryan appeared at a alry of te at styh abin the book. and he gave a glowing endorsement of ayn rad. well, the recently -- he was occasionally quoted and i quote him in the bok from the comments that he made its rad.i veal sai that. i'm not an acolyte, whatever. it's the society h a keeper of his comment and they played and i actually wrote a article on that and so did a lot ofh op. it's like that quote i just read from brandon. the tendency -- what was the wo he used, the tendencyt ulteec some he just lied about. but you know, the reaon he did whoi.rnt a iundersnd eesn me an just a few endorse ayn rand quite the way that he did in such a growing when you kind of our endorsing a philosopher who h wa t twhh p people the fundantal did judaeo-christian opposed to altar was and she felt that altruism was evil contrary to what people are ag. they had to disavow her. >> thanks for speaking with us today. you mentioned in a photograph with geald ford swearing-in and ayn rad swearin

congressman paul ryan. >> this is a new government granted right. we disagree with the notion that our rights come from governments. that the government can now grant us into finer rights. those come from nature and god according to the declaration of independence. >> you know what? the real story is that a lot of this is being thrown back to the states and governors like louisiana's bobby jindal will have the ability to refuse it using whatever curious reasoning they can muster. >> states are different. founing fathers intended each state to be a laboratory of exper menation. the reality is if what works in massachusetts may not be appropriate to another state. >> really comparing mardi gras to -- >> yes, he really did. i'm join ed by sheila jackson lee, good afternoon, ma'am. >> it's a pleasure to be with you and for all americans, this is a special week for us. happy fourth of july. >> indeed. you have been an unwaivering advocate for children in texas. you're the co-chair of the congress congressional children's caucus. what is your reaction whe

ryan wore in that everyone quote had to stick together representative kevin mccarthy chimed in saying quote we've got to challenge them on every single bill and challenge them on every single campaign and quote frank luntz being there meant the fox news was almost certainly on board for this treason or sedition or whatever it is and their cover since then seems to back that up as new gingrich said after the dinner you will remember this day you will remember this is the day the seeds of two thousand and twelve were so. they drew up a national suicide pact destroy the republican the middle class at least economically and blame it all on obama because of thirty years of reaganomics and george w. bush's disastrous presidency two unpaid for wars unpaid for medicare drug benefit deregulation that led the banks to crash the world's economy the nation was already in freefall when these fourteen men met the economy was hemorrhaging seven hundred thousand jobs a month people were losing their homes from coast to coast college graduates couldn't find work wages were collapsing people couldn't m

. >> dana: if you make that argument, you cannot say that paul ryan's budget would cut medicare. it's increase, lower increase, and -- slower increase and they reform it. if you make that point about president obama now you can't say it about paul ryan going forward. >> bob: i would say paul ryan if you took his program would cut the cost but also put people in the more dire straits. >> eric: wrapping it up here. coming up, class warrior in chief. at it again. money can't possibly have value. right? we'll play the outrageous tape after the break. ♪ ♪ and how much the people in your life count on you. that's why we offer accident forgiveness... man: great job. where your price won't increase due to your first accident. we also offer a hassle-free lifetime repair guarantee, where the repairs made on your car are guaranteed for life or they're on us. these are just two of the valuable features you can expect from liberty mutual. plus, when you insure both your home and car with us, it could save you time and money. at liberty mutual, we help you move on with your life. so get th

well it's moving the direction of the of the of the objectivists and you see the paul ryan wing of the republican party but what you have to understand though that the coast they have been sort of a jack that largely jack that from the institute john allison the man i'm talking about the ranter he's brought in really he's also mr moneybags he's the he's the founder of the honorarium movement one of the major funders of the ira and if you see c.e.o. b.b. and t. which is a huge bank banking company in the mid south and he took over reasonably and is replaced the cope's the coke family and it was very important but he's not just going to be the moneybags of the cato institute so running the place and that's what makes it very interesting to go back in one thousand fifty nine mike wallace had an interview with diane rand and i think it's fascinating just a bit to get a context here let me just play a clip of this for. you are out to destroy almost every edifice in the contemporary american way of life judeo christian religion modified government regulated capitalism rule by the majority wi

well it's moving in the direction of the of the objectivists and as you say the paul ryan wing of the republican party what would you have to understand though that the coast they have been sort of a jack that largely jack that from the institute john allison the man i'm talking about the rander he's brought in really he's also mr moneybags he's the he's the founder of the honorarium movement one of the major funders of the i dream of you to be c.e.o. of b.b. and t. which is a huge bank banking company in. in the south and he took over reasonably and is replaced the copes with coke family and it was very important but he's not just going to be the moneybags of the cato institute so running the place and that's what makes it very interesting to go back in one thousand fifty nine mike wallace had an interview with diane rand and i think it's fascinating to some people get a context here let me just play a clip of this for. you are out to destroy most every out of this in the contemporary american way of life judeo christian religion modified government regulated capitalism rule by the m

ryan wore in that everyone quote had to stick together representative kevin mccarthy chimed in saying quote we've got to challenge them on every single bill and challenge them on every single campaign and quote frank luntz being there meant the fox news was almost certainly on board for this treason or sedition or whatever it is and their cover since then seems to back that up as new gary said after the dinner you will remember this day you will remember this is the day the seeds of two thousand and twelve were so. they drew up a national suicide pact destroy the republican the middle class at least economically and blame it all on obama because of thirty years of reaganomics and george w. bush's disastrous presidency two unpaid for wars unpaid for medicare drug benefit deregulation that led the banks to crash the world economy the nation was already in freefall when these fourteen men met the economy was hemorrhaging seven hundred thousand jobs a month people were losing their homes from coast to coast college graduates couldn't find work wages were collapsing people couldn't make th

and it will happen to it mitt romney and paul ryan are successful in bringing their economy crashing austerity agenda to united states stay tuned now for more on this welcome dr tom palli economist and senior economic policy adviser to the a.f.l.-cio associate with the economic growth program at the new america foundation dr paul is also the author of the book from financial crisis to stagnation and thanks for joining us great to have you with us tonight thanks don't let me. recover my share here so first of all this little riff that i did any. anything i missed no i don't know if they had an excellent presentation what we can say is that in the united kingdom they've been running an austerity experiment and the results of that will start a policy experiment are in austerity because not wook or starry does not revive a condom ease or sturdy actually she sinks them and that's confirms what we as you said we've learned from greece we've learned from spain we've learned from italy right now i've heard it. there are actually winners in austerity that the banks are getting a fair amount o

ryan and can't afford to buy a politician like paul ryan or mitch mcconnell the only way we can fight back. it's to overturn citizens united it's crazy supreme court decision and get money out of politics put an end to the billionaires gambling ring that's been taken over by our this taken over our democracy go to move to amend to work together. and coming up after the break the spike campaign promises to the contrary president obama has aggressively continued america's failed war on drugs but now the president is promising to create major drug reform policies in the country if he gets a second term so should americans trust him. in told started here. for going global and it's only my. log in. to look at. choose your place take your stuff. to. make your statement. spread the word. street. so did you know the drug enforcement agency organizes drugs in america in the five categories depending how hard on how harmful they are and how addictive it how addictive they are and what the medicinal benefit benefits of each are excuse me the da calls these categories quote unquote schedules with

the republican budget will hurt need.ny americans in even though paul ryan is a catholic, the sisters said they refused to say -- >> the rise in the budget is moral. it is immoral. we stand with our bishops when that. >> the last line is directed at critics say they're out of line being so outspoken. >> i am sure they were exhausted. >> i was impressed. they operate by a set of values hope where heat is a minimal factor. the vatican is weighing in, that some american nuns are too outspoken on social justice issues. natural disasters can best and worst in people. how to avoid getting ripped off. arch campbell goes to the movies. >> what's a day we had. 105 degrees at reagan. temperatures tomorrow, not quite as warm. >> many are still cleaning up in of the storm. con artists are on the prowl offering to do a job that will never gets done. we show you the warning signs. >> as resident scramble to hire skimmershaul in.hoping to cash license landscapers says his hook.is ringing off the >> there are some people that are not licensed. they're going to gouge people. sometimes, they will do a

ryan and can't afford to buy a politician like paul ryan or mitch mcconnell the only way we can fight back. it's to overturn citizens united it's crazy supreme court decision and get money out of politics put an end to the billionaires gambling ring that's been taken over by our this taken over our democracy go to move to amend to work to get it all. coming up after the break despite campaign promises to the contrary president obama has aggressively continued america's failed war on drugs but now the president is promising to create major drug reform policies in the country if he gets a second term so should americans trust him. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations rule today. so did you know the drug enforcement agency organizes drugs in america into five categories depending how hard on how harmful they are and how addictive it how addictive they are and what the medicinal benefit benefits of each are excuse me the da calls these categories quote unquote schedules with schedule

paul ryan. seacrest if you would not go for any of the folks who had been in the primary like some of the folks who i think a lot of people month generation some of the you guys to get more fired up and passion about some of the younger more up and coming. i like ron paul i could get interesting recall what what do you think it adds up to see newt gingrich i mean knew it was one of the ones attacking governor romney on this same issues that i think it would be great to have newt back in the ring in talking about his electromagnetic field that he's been talking about lately you know i actually knew and phyllis schlafly and i all agree on judicial review. but that's not in the constitution and so anyway particularly i used to live in in newt gingrich's district and i saw you know i have these like are you going for thirty. sob county i have a lot of respect from i think he's very intelligent and they're one of the reasons i would also go with ron paul obviously given my my overall ideology i have