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until sunday roasts chickens
and uh... we have got an exciting an important part of it is the estes powers
import
no
unless i would tend to act
uh... ten grinder is
under attack
his *** their colorful right they're coming out of a lot
uh... p defense zero had some very strong words from
he's democrat he went on a choice program when you that second
first we want to know the republican attack
uh... it's by ranking house republican on the joint economic committee things
heaven brady's from texas
now of course lee he's gonna come out of a little bit of the wrong direction
says he's going to try to put the whole economic mess on beggars lap as guided
tries to explain in this clip because is a direct confrontation he was they've
got it was a part of the committee
uh... that they inherited a lot of that master got up light back and forth but
brady keeps going to have a lot of the liberal don't like you to cancer does
not like you would be doing wrong
and that's a fair question
let's watch the whole uh...
you know confrontation here and it gets heated
and then uh... will come back and talk about was right was wrong
uses president was elected
it's appropriate for the american people assess by how well this administration's
economic policy is working
and they are not and they have failed
unemployment skyrocket far past white house and projections and promises
america continues to shed jobs more than
two point eight million since a stainless when it was an active
you've had a series of embarrassing investigations
about all the while students claims the latest
take jobs from fake congressional districts in today
channel counting office will be able yet more scandals
within the stimulus a claims in in the case which thousands of recipients
claimed jobs and they have not yet received money
uh... the u_s_ has the worst performance
in terms of unemployment rate among
the major developed economies since the stillness bill was act enacted
worse mast really a receipt and a
worse than european union
japan
south korea not to mention china industries
the white house and secure you promised but have the most job creation
manufactured construction has seen
by percentage the greatest job losses the deficit
is becoming frightening and threatens our economic recovery the budget
challenges we face with medicare and uh... so security
fannie and freddie mac the been left unaddressed
we are reduced to beijing china to buy our death
in giving lectures from other nations on our financial disarray while they
discuss replacing the dollar with a more stable reserve currency
much the tarp money still hidden from taxpayers eyes like in the public's v
wall street is still getting a bonuses
and major businesses and small businesses are doing their key
investment decisions as a washington moves on
on certain issues health care reform cap and trade burdensome new regulations
announced a new tax increase
the six year you are the point man on the economy of the buck in effect stops
with you
that uh... bork's several months of conservatives in cap on capitol hill
has called for you to step down
last night uh... congressman peter defazio so there is a quote growing
liberal consensus
uh... that uh...
sector got mentioned being removed
back what we need a new economic team
conservatives agree that as point person you fail
liberals are growing in net consensus as well
polled after poll shows the public has lost confidence
in this america in his presence billy to handle the economy for the sake
of our jobs will you step down from your post
congressman uh... i a m is a great privilege for me to serve this president
'em
i think it's important to start
welcomed the advice beer providing
after
you left
did you give this president economy falling off the cliff
values american savings
cut almost in half
millions of americans out of work again the worst financial residents moderation
reminding mr sanitary what pose for you holding
president bush left office
this remind me what you cannot post revolted by it was the president of the
federal reserve bank in europe
great honor and privilege in this letter letter bank have any oversight over the
economy or any input into this performance the federal reserve
established by congress
is responsible for try and make sure that
we keep a low inflation low and stable over time in our user king
responsibility for the design of the bailout
or its rival the inkatha actions of the congress made possible
too late but made possible ethical were absolutely necessary to breaking the
back of the financial panic and without those actions and the actions the
president put in place with the congress support of many people in the congress
begin this year if you have an economy still falling not growing
you'd have job loss still look sell rating
not slowing repented died america saving still falling not rising they have a lot
of other things that has been singled out for that one of the best bet created
several
quad really in new jobs
is that right president
again is just a basic fact
eight year ago
pay your ago this economy with the falling at the rate of six percent a
year we were losing
between half a million
and three quarters a million jobs a month and that process was excel reading
not slowing into the president fifteen and took office now secretary
the public
has lost all confidence
in your ability to do the job as a reflecting on your president comprised
of conservatives agree
liberal democrats agree
there really is time for expressed our and i would bergeron has a concise
constantly again justin m
joan luminous frivolous 'cause if you look at any measure
of consumer
an investor confidence today
if you look at any measure
of the strength
and stability
and health of the american economy
if you look at any measure
of confidence in the financial system
heat is substantially stronger today and when the president is took office
and that happened not on its own it happen because of a set of
difficult choices
and this economy cannot come into this simply facing with a better grayson
generations it came into this with eight almost a decade certainly eight years of
basic neglect of basic public goods in health care in education in public
infrastructure in how we use energy and fixing those problems is a central
obligation this congress telstra all of that
the millions of americans who no longer have jobs
because of your decision they would've had they would have had more jobs will
be more confidence more people in this country
if we had not left this crisis gets but the warning that it did and we would
have had a stronger fiscal position if we did it eight years of packing for our
commitments not borrowing and they're not gonna departments images a br you
have a five minute
for your decision like that i don't like
so that
mentality is no question i mean yesterday on the program idea as to why
don't the senators and congressmen go after
these guys that passed by a lark
asked and answered birthday uh... well in this case kevin brady delivered
update now
having said that is the first time that i felt bat for tonight
okay because the attack was
half their half on for in fact them
the heart of the attack was on fire
saying hello dollies bad numbers is in new york for
and as geiger was saying hey listen we we turn these numbers around
you gave us a time bomb
where all the numbers unemployment was growing at an unbelievable rate
and the economy was criterion anomaly rate with turn those around
and we or not it where we want to be and to be fair jim brady said he did not
meet their unemployment
projections for the white house did
but it turned out was around them
unemployment continues to grow but at a much slower rate
it's a mixed results for the first year and you know i'm no fan a gardener abut
i think that brady's be unfair by pretending that all this happen in the
last year
when the time bomb went off and they've been
try to stop the bleeding
uh... in all bomb a white house
now having said that now here are some of prep was a premature projections were
off
and you gotta be countable took that for that
number two you don't have the right of his son jobs
look jobs keep going there if that's the number one issue we keep losing more and
more jobs
and what did you do and honestly geithner
uh... put as a priority shoring up the banks which he then thought
well that'll trickle down the jobs
but it hasn't
and as one of the main
prayer complained that
uh... progressives have against him dot at the serbs have that complain and they
do
they show that they have i'd bet you my opinion the wrong
remedy for that of course is usually a side cut taxes
hate
but at least they're right about the performance so it so it's it's a mixed
bag here and he was right to say hey wait a minute now
icy at one part of this regressive
ek economy has recovered that's wall street bonuses
very true
and they still have your travel responsibility here but what was your
position while time bombs going off
because he did talk about the last eight years last eight years that you're doing
is that that
he's right about that but brady's right to point out that he was the president
the new york but
and he'd was asleep at the wheel when the time bomb went off it was his job
regularly
and yasin about was you're on the bella
and dinero along with hank paulson even during the bush administration
world was one of the principal offers for the better
so
you know got yours is in trouble there because
conservative at least has happen or public in this case is about half of
this points that are correct which is
stunning success record for the republicans is that age
but now here he gets trouble from the left
peter facile on a shelf program h also set up by first explaining
much goldman sachs is getting invoices and how they've stardust up on to help
small businesses are they not merciful but it's actually three percent of the
bonus is that they're going to take home
and he brings in back i span p defense you know
when we pick it up there
not on today
one cannot progress can be made to make sure that part money good
words really go to stimulate the economy small business in infrastructure
well that's our money
uh... it was born in the name of the american people
it was borrowed through a bailout wall street which has worked famously for
goldman sachs and others
uh... you know we think it's time ah... maybe that we've been turn our focus to
main street
uh... we reclaim the unspent funds reclaim some of the funds that are being
paid back which will not be paid back in full
and we use it to put people uh... back to work uh... rebuilding america's
infrastructure there is a tried and true way to put people back to work
unfortunately the president has an advisor from wall street larry summers
and a treasury secretary from wall street to meet dot your uh... who don't
like uh... that idea they want to keep the tarp money either to continue to
bail out how wall street as their future problems or maybe dinner does not want
to give the money to small businesses hard money
now they had their say mcginnis may go to keep the money they may be more news
on wall street or
maybe they should use it to pay down the deficit that's absurd we borrowed the
money how do you pay down the definitely stay at his job congressman
used to think him back there should be gone as treasury secretary study the
space if you look back at the eighties scandal in goldman and the others
uh... who got their bats
paid off in full
instead of saying well you bet you lost you know they get paid back in full with
taxpayer money out through a ideally channel the money through them geiger
would not answer my question when i said were those naked credit default swaps by
goldman or were they counterparty he said i will not answer that question i
think they were taking credit default swaps they were bats they should not
have gotten their money back so he's not coming clean with
the congress uh... absolutely ok so
what have you ever think obama administration to remove hamper will you
uh... would be a populist caucuses considering the
uh... questions regarding both him and uh... some other members of the economic
team that in the near future okay so there's been talk in the halls of
congress among some progressive democrat said maybe it's time to ask the obama
administration to remove jim gardner my hearing that correctly
anything is being filled by his economic team their total orientation is wall
street not main street not real jobs i mean okay let's get
has all the gold and a lot of all it's not i've got firms in my district that
power
solvent very little that and they can't get money out of the credits caramel at
one o'clock wells fargo it's absolutely ridiculous
what was his announcement a few weeks ago that they were going to get
money that you made any plans for a long time
progression admiral
left i can tell you about a lot of the apartment
signs of a they made an announcement that they were going to get this in this
chart money to community banks what you know where that is right now
not but we're still waiting that there's no one of
no new lending it to my small businesses in my communities and how many
congressmen and a house do you think
would go along with his room
well when you mention either died or larry summers
as they were mentioned in the democratic caucus on jobs on monday night
uh... there is a
losin' cries of derision uh... i think there's a growing consensus macaca as we
need a new economic team that cares about more about jobs mainstream
american people and it does about wall street huge bonuses i tell you what
congressman this job summit thing that's coming up for the white house staff in
december
is like the super bowl of the economy that are released a major player of the
n_f_l_ isaiah flowing they have the sacrifice just two more jobs
to get millions back for america
knows straw or is there
he's gotta go uh... wishes sacrificed to jobs of course on about geidar larry
summers
when their names are mentioned a democratic caucus people blue
and they're not even in the room there is a blanket just on that that
i mean that's while and now as to
congressman defends yourselves in the points
they are right on the head first of all you said that we were to give the big
banks in gartner larry summers and that that would come down to the smaller
banks the community banks and i would eventually it was small businesses
but it hasn't
it hasn't gotten out of the small businesses you have a let the money is
that you're taking it all
take it home in bonuses
exactly what we warned you about
and the other show we said they're not going to give it
to other people they're not gonna
if they're not toward it and then
is there anything as much as they possibly can in bonuses and go home and
that's exactly what they're doing
now
so that's off a hundred percent point but look
out of the card in there
if that's your had
maybe the most important point
when he had gotten a fiber he passed
that thirteen billion dollars that's a lot of money
went through from the american taxpayer
dankie
to goldman sachs
that was a bet that we paid off
on a i_d_'s behalf
to goldman sachs
was that i make a credit default swap
what were they counterpart
i know that's confusing let me just again
clarify that for you this is so important
if they're counterparty that means they were hedging their bets and that have is
a business all the time
but if you growing corn in asher
uh... what the court market's going to be by the time
it you know you're
at the crop comes in you had your bet
and you do if you might do what they call a derivative on right so if you're
counterparty
that's normal business to some degree
okay to a large degree
but if it's a naked credit default swap
it's just a bet
their they have nothing to do with it
and it just made a casino that they've bet on black with a bet on that
and paying that off with our money
we've had yes telephone topic i was in the country on our show saying
well that ought to be criminal
i mean that that's crazy
by paying off
you know some crazy gamblers bats with taxpayer money charles barkley loses
eight million dollars are bill but it does or someone at a casino
an american taxpayer picks up the bill why why would we do that
and what's amazing is that uh... it it will have had some of the top reporters
in the country are it on this show and i'll ask them
wasn't naked or were they counterparty
and no one has answered i found out why they don't have an answer
distributor will give you the answer
i meet asked in-house
you know and meetings and he's brought in for a house that ask him
which one is that this is i would tell you
a loving gergen
you're gonna get so what the treasury secretary who will tell
well you're not going to tell the house
uh... whether you pay off a bit or whether they were legitimate
a party to that transaction
that's crazy that can't be tolerated
so that's why jim guy pearce should be fine
a government watchdog
came out
just this week
with a report this
evening report about tim geithner
saying
he funneled not just goldman sachs thirteen billion dollars
but overall for the top banks through
they are g taxpayer money
of one e seven billion dollar
they're saying bulldozed best didn't have to be paid off the government
watchdog is saying that
the guy was put in charge a c
was getting done or right a wrong by democrats and republicans
facing
paying no opening those bits off at a hundred percent is mental
if you're gonna pay them off at all
their best
case scenario on the whole print market
if you're going to try to get their money back from
someone that was in the government
passed would be sixty percent
and we would save tens of billions of dollars to the american taxpayer
and brighter to throw the bill sign the check and save you the goldman
here you go j_p_ morgan here you go citigroup et cetera paid a mall law
it is
look if he's working for the banks used to work
great job
for the top banks in the country
he's working for us he's doing a horrible job
explains that the other day
all this is you know we had to do these bailouts geiger says it every chinese
for in front of congress we had to do the bailouts otherwise economy would
crash
but that's not the only question
the other part of the question is
how did you do the bailout
you didn't have to give away all of our money
to goldman sachs and other guys
when they were just making at the scene of that
no de reports that had to be done in parts of did not have to be done
now you know look
let me give you some final
that notes on a financial reform as it makes it through its we're way through
congress
and if you just give me a sense of the enormity
uh... the
reforms that are in play here
week weekend worm
begging the banks even a week in the money
and now they're taking home and and eyes tell you that you right now two thousand
nine
record amount of bonuses going to the top for backs
record
better than at their prime inclusive sentosa
lit a candle all that money
uh... all we're asking a mistake and we at least see the director's bets you
made
can you do them in an all been market
so people know what they are
fair say kept that's off
when i tell you okay
i had a big embed i like
and then if i pose bust you have to pay for
now the house that is reconsidering
a loophole that they had been there directors reform bill
you know the size of the loop hole was thus far
order of it
fifty
trillion-dollar
and guess who push without loophole
stay with me
he wanna put
in the so-called reform bill
fifty
trillion-dollar loophole
well if you put the loop on there of course are all going to do it through
or in derivatives as all other really i got this withdrew from the cayman
islands and i had a from switzerland insider
and i was simple flying a complicated issue
but overall that fifty trillion dollar loop what was insanity
now by liberal lot of pressure
the house democrats have been thinking maybe we should close that loophole
and that is even to regulate these guys
is just to find out
the transactions that they're making
nana *** durbin was right
the banks run the place they run congress and they start rerun tim
geithner
and larry summers
the defense heroes right and shockingly enough
brady uh... is the republicans from from texas
somewhat right
gliders gotta go he's gotta get fired
poisoning the administration
young turks
tak koi acha
not not double wall street with and are backing out of work that was cool
all right now but wanted you know how much of that
uh... the top for banks films actually people riches merrill lynch him or his
family
have earn the first
earned quote on quote
different uh... nine months of two thousand nine
twenty-two and a half
billion dollars
that we pretend they
earn that money
waves
i'd just told you the government watchdog said we paid off
twenty seven billion dollars
invest we should note
to those gaps
is that our money yes it's our money
now how are they so successful grabbing it from us
twenty-five of the top recipients of government bailout funds
uh... in this year alone
uh... have spent
seventy-one million dollars so far in the year
in lobby
seventy one million dollars a month
the so let's get this straight as to how the monies floor
it goes from past the top banks
atop expected
and a funnel at tiny tiny percentage of it
to the politicians
arctic you know
enormously please about money litigating indicated
and if so then the water down the reforms
so then the banks get more money
bottled water the politicians towards the coming from a lot of it not all that
but a lot of it
this coming for a month
it's mental for us to allow
any of these companies that received taxpayer bailouts
phil obvi congress are you kidding me
there a lobbying us
lobbying congress on buying our politicians to work against our
interests with armani
i'm and then guidera summers ago come tell me i don't know we've been tough on
the banks uh...
out of here
uh... all right now out by the way to give me a sense of what creek stare
uh... and it i want to clarify when along randomness or long explanation
this in one of our posted
they're not all crooks victim
some legitimate business
they're not all bad guys i got a friend who works at goldman sachs
but i would the high school with a get their motivations we can't even make try
to make all the money you wanna meet apples were all as long as you're not
taking
taxpayer money to do it
and as long as you're not committing crimes like j_p_ morgan did
they went and
hoodwinked
uh... a local community well it'd be a good week that
community not the partition they bought the politicians how do we know david
maybe guilt in court
in jefferson county alabama they pay off uh... local politicians there
to do a swap exchange that no one else understands
but here's the bottom line and then is a very long story and i'm in a simple
fight for it
they were supposed to get
that's walker exchange seven hundred million dollars j_p_ more
from jefferson county alabama about their new financial shenanigans and
nobody finds out
and and increase in this case quite illegally with bribes
local politicians
let them manage their money
and so that they could follow it it'd be more
and now that we found out about illegality a are bad sure will pay uh...
twenty five million dollar civil fine
at fifty million dollar payment for the county because we're planning a rob them
of seven million dollars
and will forfeit the six hundred forty seven million dollars
in termination fees that we had
claim to
fraudulent transaction
this is one county alabama in the country
how many counties are they robbing of six hundred and forty seven million
dollars
and exp
they do so often recently won a million dollars
no worries about money right but the time i mean they're running these things
all the shell games all the time
when they say when the guy was a safety we caught you on this one
fair some other than ours up and i'll prob
face essential apartments that argument
there coz
did did i miss whiting
but seventy million dollars to compose the bankrupting a company right okok
nothing that week values that ultimately we're going back to your but you can see
that pop up
billie's restaurant over
yet know we're doing a great job of regulating the banks are keeping an eye
on that
tim geithner did when he was the president of the new york that great job
one last note on that uh...
that finally at some of the members of the house of the democrats
including paul controller ski who was leading the effort
that is proposing have
a bill that would uh...
break-up banks that are too big to fail
it's a very very simple concept bernie sanders has pushed it in the senate
if you're too big to fail
you're too big to exist
so if you say hey you know what
if these uh... banks go under for this
particular bank goes under
the american taxpayer has building up 'cause them economy collapsed
the nature of a case s
we should find a sensible way
doing equal number of things i mean
breaking them up is the last time
certainly regulating them figure out a way
for example one of things you can go without these proposals of soul
logical that they are
absolutely
obvious
but they're not doing obvious why because again seventy one million
dollars in lobbying
but now in this case there are some good got and it's
shocking with all of them
politicians of the banks the bot
the dish so some good guys fighting the good fight
there's a lot for example we could do is
it into a transaction
uh... you need to have
only a certain amount of leverage is if you leverage yourself
and the one we get that self-financed works if you'll ever yourself four
hundred a-one as some of the derivatives are
well that if you don't
obviously that it's going to cause tremendous stress
and you subject yourself to being
uh... the minute there's a fluctuation in the market
and then if you're bankrupt then we're all on the report so no we're not gonna
let you do that
great
piece of legislation being
proposed
it has
and absolute
uphill battle
uh... if bit geiger and summers and all bomb we can't label bomb out of this
he's the boss
he's the one making all the wrong decisions
in allowing this treasure department going this way
and the white house keeps *** although effective reforms
coming out of the house
and the senate being that are being propose right
with the white house position on this of course the helmet
now my god i would bother got his friends of the backs
they calm all the time it's on what to do is that
you can't have controllers he actually putting the alleged solution that make
sense
i get worked up on this thread
'cause they're taking our money it's crazy
at what will this
not what the white house should do is is that i had to be developed in a business
actually makes perfect sense
we don't want to
but the american taxpayer on the report
and so they say hey efforts tax free on the report
with a what
the sons of *** of the banks
collapse economy again
and they will it's only a matter of time unless we do the reform
we'll reform strong report
if they do it again
economy collapses and the republic's blame all bomber
figure the right
i know you know
the republicans
would have gone wars they don't want to do any of these regulations are no vote
against
ninety percent of these regulations
of the residence is that they're not going to sell the supported
uh... reform that makes sense last week and we went ballistic and celebrating is
a republican from alabama
in ninety-seven cases they're wrong but it doesn't matter if they're wrong or
right right now they're not in charge
if the democrats here on it doesn't matter what the republican proposal
would have been or what they wanted dot
they're gonna claim all you know we would've done it right
and the whole country is going to believe that
and if you do that wrong oh bummer you collapses economy
late no was fall put your own
public eyes right now inside the administration data points
summers
on other issues
from a man
and the longer that opa mistakes with them the longer it's his fault
and he's responsible for their actions and he ought to know that all right now
look
i'm gonna go on ad that are to health care reform here and john conyers at
gives you a sense of house that up
the house democrats are with
how reluctant the white house is
to push for real change when asked uh...
about
uh... or bombers leadership
in-fighting for health care reform
here the john conyers had the same
uh... has he been stronger quote
of course not
of course not you know holding hands out
and beer on friday night in the white house and bally down at every nadi right
wing proposal about health care
as saying on occasion the public options
are all that important is doing a disservice to the brock obama that i
first met
who was an barton single-payer enthusiasm cell
mean think about it hound
for we are personal prayer
who shared brown
racial matters program the other day
he broke it down
divided seven or eight compromises we went down
and that without a single compromise coming from the right
wing
part of this equation
and in the beginning although almost for single payer
he gets in the white house
repairs out the door compromise one two three four five six seven eight
and here comes guy is again on it
that is essentially what rahm emanuel ascent
just give us anything now will declare victory
and what he's referring to is ron menacing over and over again and john
conyers is not miss this
may have public passion yes public auction oh who cares
uh... you know in this compromise acecomm price just give us something
will call up a lot of a victory
i don't have actually been
this is what i'm talking about when i see poisoning the administration
prime news continues not only is it not a victory
but what it does not work guess will come at a the same guys
uh... that we're seeing let's go along with anything those all my buddy rahm
emanuel is trying to get anything but look the bell doesn't know it out there
for three years
many people have to that we're trying to help will be
dead by then
and he's referring at the end there
the fact of the bill does anything it started twenty thirty minutes of the
mandate star
the helped with pre-existing conditions that originally this senate version
i think it's not going to twenty fourteen
and starts before
we even get the hell
twenty four p
that's five years from now
and went out running manual
pushing for the trigger
and the trigger would get triggered
five years after those five years
and you wonder why we're not
why were
worried an aggrieved
and inordinate by ron emmanuel
and the white house who are not fighting hard enough this is not the change we
asked for not the chains we voted for
young turks
back on the outskirts uh... calicut davis wrote a i've used it uh... he's
author of hostile takeover of course it is written in a syndicated column
where the real deficit hawks had been what about the for at a permit
uh... first
today the senate ounce of their version of the health care reform bill para read
it
and every single article says that they will cost us eight hundred and forty
eight billion dollars
and they say the houses virtual hostplus one trillion dollars
venue uh... tells why that
is fair
say the least mislead
well because if i could saying that if i uh... by uh... stock for a thousand
dollars
and i make
uh... eleven hundred dollars on my investment
that uh... the investment cost me a thousand dollars
well uh... technically true the investment cost a thousand dollars but
i've made a hundred dollars
congressional budget office report
uh... for both the house
and senate bill uh... says it that these bills cost about somewhere between eight
hundred and nine hundred billion dollars that the outweigh that the investment
but that through it's tax changes
and through it it's uh... budget cuts cuts too you know
private insurance subsidies to medicare
it will recover for more
that it spent of the house bill recover about weapon billion dollars about a
year in total so at the end of ten years
uh... the house and senate bills will cover somewhere between
a hundred and two hundred billion dollars at the end of of ten years the
deficit based on just the impact of the health care bill will be about a hundred
to two hundred billion dollars of left
that's the real story that's the real cost of these bills because we go to the
taxpayers alternately
will make back more than they did that
so uh... let's get this straight
in the in the house version
it did and the ten years receiving a hundred eleven billion dollars
and in this endeavor zhen event attendees were saving a hundred and
thirty billion dollar
now how bout other programs
uh... where for example as you point on your com defects do we save any money
back
war we just doing outlays
surreptitiously accused outlet or you could argue that
when you spend money on defense it akin to some form of
of stimulus spending right it's like you know you beat that
but do you spend money in that
theoretically creates jobs in that case theoretically creates tax revenues
but just got a straight-up budgetary basis the way you know comparing apples
to apple's the way the congressional budget office scores the health care
bill because dot could you could make them argue with health care plan uh...
you know that uh... health-care expenditures going to create jobs if you
want to compare apples to apples
what goes out in a bill verses what comes again in a bill
health care bills propose spending eight hundred and nine hundred billion dollars
and their tax and budget cutting changes would recover about nine hundred billion
to uh... a trillion dollars with a net gain of a hundred billion dollars to two
hundred billion dollars at the end of the day
defense built
uh... the one-year one-year defense bill
which spend it
six hundred thirty six billion dollars
in one year so over ten years that somewhat
seven trillion dollars over ten years
and that there are no tax
uh... or budget-cutting provisions in the pills
so apple to apple here talking about
saving two hundred billion dollar dot health care
uh... and the work
spending you know reducer increasing the deficit by flooding trillion dollars
with the defense
where is your point that out is because starr whether it's the sort of opponents
oracle server democrats
whatever they say they're concerned about the deficit
they mentioned health care which actually reduces the deficit which makes
no damn sense at all
or
uh... but they never mentioned
defense spending aso lieberman for example loves spending more money in
iraq and afghanistan
that money never gets back to us
that he never mentions the deficit their is that he
brought it up exactly what's going on and
you know i mean i look i've got this
modicum of of respect
for people who are obese donna
ideologically consistent me i don't
agree necessarily with people like ron paul on everything
but at least he's a guy mister programmer i don't know support
health-care spending
and i'm willing to vote against really wasteful
uh... defense programs and then even that sometimes the the defense's dale if
the problem is you said a is that there's a hypocrisy here is good at it
and i have called the before both states selective deficit disorder deficits only
matter when the government is spending uh... on the middle class priorities but
when the government is spending on defense contractors
or tax loopholes or corporate tax subsidy suddenly became people who say
their
they care about or worried about deficits are worried at all
says davidson written a book stop rising in hostile takeover you know it's
something interesting sabri ended
uh... that populist uprising that you predicted uh... icy
and it's interesting 'cause i see it on the a left-wing sundial tattooed on the
right wing citing just are misdirected a daughter
they're angry but they don't know what to be angry about so they get tricked by
the banks in the enemies of the world
how long can they keep this up
with you know
that guys or pretending to be conservative party actually cooperatives
and they're doing the bidding of the lobbyists who pay them their money
while pretending to take advantage of the right wing populism
how long can they keep it up before figure that out
well i think they can bake they can keep it up for as long as
the democrats are welcome to keep it up i mean did visit the more the contrast
to the drawing i think the better that's why i think ultimately
uh... the health care debate will be good for democrats because i think
that the republicans will be again on and they will oppose health care and
some but i think what we're what we're saying it's not perfect but it certainly
better
uh... than the status quo and the democrats will will be able to draw if
they continue to attempt to fight you know in the right way they'll be able to
drop
the this precise
contrast
i think nell that's the problem they've got a better idea that that that is
certainly
uh... people probably i think what we started out with the everybody's not
going to
he's not going to
passing in the uh... health care bill with just fifty one votes to be
reconciliation process
so you're right it would be democrat band and let's be fair you know that
there are some democrats who are part of this problem the blue dogs in the house
for instance
who voted against health care
here's a guy quarantine jerk yes votes four at the most imploded defense
spending bills
in our country's history remember
and particular shocking statistic
it was national journal two months ago the reported
that the democrats in congress and president obama are on track in the
first term here of the obama administration
to spend the morning
single presidential term but any single presidential term
spent on defense since world war two
and you know they has some programs the helicopter for the president has matteo
but
not nearly enough and they actually have some help from john mccain and they
should use it
to go out further but of course that as a political price
they don't want to get our political price that
finally david i think the real problem here it is the media
the media
keeps saying all the bill costs eight hundred and forty eight billion dollars
a cost a trillion it cost to cost
although he was as i would say that
as his concern about the deficit they treat as if it's a legitimate point
so we come back to that i'd you know i'm tired of asking about
gotta ask if we gotta keep insisting on it
what is it agreed it was the media and all this
and they don't want to tell the american people
or they're just so damn
***
that they can't understand the simple concepts that i think i think the media
understand uh... sipes reporters who cover budget matters understand this
i think you what it is in instead
is that the media uh... understands what is going to be uh... a headline that is
waved around
and what isn't they understand the existing political dynamic which is the
unfortunately it's not controversial to pass a six hundred thirty six billion
dollar
deficit expanding wind written pentagon budget bill
controversial to try to pass uh... uh... eighty billion dollar a year ago that's
what it is eight two billion dollars over ten years eighty billion
dollar-a-year health care bill so you get you know the group he stories if at
all about deep defense bills and you get the health care bills com headlines
the point that is going to be most inflammatory rhetoric not technically
what understate the health care bill will require our way of a hundred
occurred in a billion dollars
india booted groups are honest and misleading
say that without saying that over ten years they were actually save money and
that's what the media dot google blogs you know i want to potential right
davis world author of the uprising and hostile takeover thanked us that we
process
they check
and uh... the senate in a column by david is
excellent
check it out
uh... and uh... he's been caller right for a long time
now finally by promising michael savage earlier in the show we're going to be
michael savage
uh... he's got a different take on the cliche mohammed trial in who should be
tried instead
well it certainly is unique
clip rip-off
their parish from
of guantanamo who are going to be tried by military tribunal
marshy area mohammed now why would they take to all of them and bring them to
new york while allowing to leave the other three for military tribunal yes
restrict politics because holder as committed an act of criminal act is in
my opinion had frankly the government should try to hold it for this act
there's no reason that congress can hold a hearing bondholders motivations ando
bon is motivations these adjust your minds
digestion synagogues
holders and world war
he said we are at war so why is it now violating a supreme court precedent that
you tried war criminals in the military tribunal one reason only to attack the
political opposition no other reason
period of the story
that's it
what else do you want to talk about houston texas mario you're on the savage
nation
in aren't michael or i am electoral
mariah carey
uh... really think that uh... reason why he's doing this
this is the this way you can show that he's above the law because of those
people who are not going to get a fair trial and they're going to end up
sending back where it came from
their doors and they're not going to be a disneyland depots akki lunatics from
n_y_u_ colombian homer lol
document cockpit i'd
people in the law profession we're going to defend these ***
have their way not only will they be found in this until one of suing the
american people and winning a fortune if the perpetrator the greatest war crime
on our soil that's was level happen i think that the lawyers who defend and
should be thrown into a prison with them and then being be transported to yemen
i think the lawyers who would defend them should be sent to yemen that's my
opinion
how very american yes lawyer said the friend criminals
should be locked up in jail
this is guy
understand
anything about the united states of america
anything at all
it's on real by the way
i'm a little by circus who i wore those cockamamie prozac says the whatever you
call those
lunatics
that went to columbia law i've should also be locked up on sure according to
her
look at how quick they wanted to hearings on though bob made ministry
when they said
unacceptable to ever do mon book
listen to these lunatics right
young turks
ride
strongest notwithstanding