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tv   The Young Turks With Cenk Uygur  Current  July 31, 2013 4:00pm-5:01pm PDT

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>> that was president obama this morning on the hill. welcome to the "the young turks." i'm mark thompson for cenk, who is off tonight, and what a day for the president. he's pressing his agenda on the hill. we'll talk about that, action in the bradley manning trial continuing to set the scene for that trial, and a lot more. we have g.o.p. on g.o.p. today that was pretty delicious as well. first our grate panel.
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take a look at the magnificent melissa fitzgerald from staging hope. >> yes. >> people know your face because you're a famous actress. >> anand jayar jackson senior producer here at tyt, and michael shure doing extra duty staying on from san francisco, always great to have the epic politics man on board. >> glad to be here. >> all right, what about the president today he was pressing a couple of agenda items on capitol hill. hoo is a wrap. >> when will republicans reject the tax cut for corporations? answer, when it proposed by this man, the president, who says he wants to break the capitol logjam by agreeing to lower taxes for businesses. >> i'm going to try offering
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something that people in both parties could support. >> it would cut tax rates and close multi billion dollar loopholes. instead of giving that new revenue back to individual tax payers as republicans demand, the president wants to spend it on government programs to train workers, build new bridges and roads to put the middle class to work. that's a no-go for the g.o.p. >> this administration never misses an opportunity to miss an opportunity to grow this economy. >> what a surprise the g.o.p. is not on board with the president's plan. the president said we're giving a little bit, and they won't give a little bit, it's all to serve the middle class. i guess it really isn't a surprise he's not getting a spark on any of this even as he goes to press the flesh on capitol hill?
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>> apparently no, it's standard operating procedure. >> this isn't logjam. it's funny, i think about how congressional policies and politics have changed. you think about how quickly lbj was able to get his healthcare plan through, and i don't know if he glad-handed but he carried a big stick. what is the difference with the way obama is doing business now? >> there is a little bit of a difference. lbj came out of the senate and knew a lot of players and wielded great power with the southern senators at that time. obama does not have a constituency on the hill. rahm emmanuel was a former congressman but not a well-liked congressman. then when you start your term in unison with the speaker of the house or majority leader of the senate, mitch mcconnell saying
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we'll become the boys of no for you. taking nothing away from what they were trying to do right now. what they're trying to do is very difficult even in the best of circumstances, taking money that is owed to taxpayers and diverting it elsewhere. even when it sounds good on paper it's very difficult for any senator or representative to swallow. >> you see them being obstructionists in a line item away. they cannot shut obama down. they can shut the government down but the funds will still be there. >> let's hope so, i i don't think anyone has seen in our life sometime such an obstructionist political system. i firmly believe there is not one thing that the president can do to change that. what he's proposing in terms of infrastructure investment and getting the middle class back to work. that's why i voted for him. that's why i campaigned for him,
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that's what i would like to see him do. i would like to see everyone stay on board because i think it's good economics. i'm sick of bad politics touching good economics, it's been happening too much, and i for one i'm sick of it. >> question saw it yesterday when we saw the it go through. we didn't see it work any away because we knew the republicans would be in direct opposition. every time they do it they have to change their reason. looking for the hashtags, real jobs, real jobs. but the problem is they don't wanting to through with anything that will work. all they're asking for is lower corporate tax most of the time. when you eliminate the loopholes after all this is said and done, i don't think it will happen any way. there are so many topics in opposition, i don't think he expected it either.
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a lot of corporations aren't paying their tax rate in the first place. >> you do get a sense to both of your points, this is a high stakes of capture the flag game. these guys are playing politics, and the real future of america is at stake here. you mentioned boehner, let's see what boehner had to say about president obama's economics. >> well, i'm not going to speak for what the president is doing or why he's doing it. >> if i had poll numbers as low as his, i would probably do the same thing. >> he's talking about poll numbers are sagging to real low numbers. let's look at the popularity pole. 45% of americans approve of the job he's doing. >> mark, mark, it's such a ridiculous thing for boehner to be talking about.
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the numbers from the president are so poor. john boehner, 22%, the congress at 22% john boehner dreams of 45%. he will never ever get it. >> you make a very good point. congress, you couldn't find lower approval numbers than that. one of the things that the president is talking about in pressing congress on is his federal reserve appointments. he's mentioning more the name of larry summers, i see you making a face because he is an odd choice given the fact that he was a wash in red inks all along the way. let's take a quick look at the summers' quote that obama had. then we can talk more:
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>> cenk: it seems to me you can be critical of larry summers on the merits. this is a political battle. >> i think so. he's not my choice, i hope the president won't go for him, but at the same time, i think i don't think larry summers is a good choice. >> we're not even talking ancient history. the first obama administration, is this a harvard thing? are they backing each other no matter what? i don't get where--i admire the loyalty, but they keep him in the loop is crazy. >> but along sow i would point out it's not just--it's more ancient laws larry summers was part of the clinton administration. he was part of the clinton administration that created the housing bubble that burst under the bush administration. then he was responsible for the
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deregulation of the banks that caused all the problems with the derivatives. he has been a disaster. however, for barack obama, and he defended larry summers in private and public, but mostly in private today he defended larry summers. i think he's defending them both because he knows larry summers we know he first came into office he was a mentor for him. that notwithstanding i think he's a terrible choice, but the president was there defending him. he said that larry summers is a good man and people taking him now right now are not going to forget the people who took him down. and he said he's not going to hold it against these people as well that were taking him down. he turned around and made a joke but they were being critical. he said i'm not going to be critical of you when i hear people criticizing you. >> critical or not you have to say that this is a litmus test
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if president obama is for wall street. layer i couldn't summers seems to not have found god under deregulation, and janet yellin for the post, she seems far more responsible in this regard. if obama backs summers it will be a litmus test. >> how often have you seen president obama defend his nomination choices, his policy to republican? he'll do when he does things like this. he goes on the road, speaks to the crowd and he wants to get his point across. but how often does he hold open door meetings and tells them, listen, stop talking trash about them. they are who i need. but every time blends so much more of it here. as soon as the democratic caucus had trouble with larry summers, i knew he was going to fight
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back. >> i don't know if that's really the way--again, this will be an appointment and we'll see how it goes. but in terms of forging relationships, he may be playing a man down in that battle. maybe he doesn't have those relationships on the hill. >> i see your point but i think defending him is one thing and appointing him is another. i'll wait to see what he does. if he appoints him i'll have problems. >> i love how everybody talks about how great janet yellin. i don't know a damn thing about her, you don't either, but we know she's not larry summers. >> i think your general point i'll accept it, but this is a front and center issue was against range the bell on deregulation, and rang the bell
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early on the housing bubble. if she can survive a drill oh down, i don't know. there is just the temperature days here because we've never been in the situation where people are campaigning for the fed. this has never happened before. it's not happening now. it's only happening now because people are talking about larry summers, and if the president stops that, then it will go away. >> all right, group, we continue on. coming up, george zimmerman is stopped by the police. and guess what he has in the car--a gun. we'll give you details on that. also, it's g.o.p. on g.o.p. crime. it's verbal crime but still it's criminal. >> gimme, gimme, gimme.
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>> gimme, gimme, gimme. >> i love all these these esotec debates people are getting in. you must be high. >> "viewpoint" digs deep into the issues of the day. >> do you think there is any chance we'll ever hear the "carbon tax"? >> with an opened mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned great leadership so i want to talk about donald rumsfeld. >> (laughter) >> cutting throught the clutter of today's top stories. >> this is the savior of the republican party? i mean really? >> ... with a unique perspective. >> teddy rosevelt was a weak asmatic kid who never played sports until he was a grown up. >> (laughter) >> ... and lots of fancy buz words. >> family values, speding, liberty, economic freedom, hard-working moms, crushing debt, cute little puppies. if wayne lapierre can make up stuff that sounds logical while making no sense... hey, so can i. once again friends, this is live tv and sometimes these things happen.
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>> watch the show. >> only on current tv.
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>> did anyone tell the pilgrims they should self-deport? >> no, they said "make us a turkey and make it fast". >> (laughter). >> she gets the comedians laughing. >> that's the best! >> that's hilarious. >> ... and the thinkers thinking. in the ten commandments is what you're telling me. >> she's joy behar. >> ya, i consider you jew-talian. >> okay, whatever you want. >> who plays kafka? >> who saw kafka? >> who ever saw kafka? >> (laughter). >> asking the tough questions. >> chris brown, i mean you wouldn't let one of your daughters go out with him. >> absolutely not. >> you would rather deal with ahmadinejad then me? >> absolutely! >> (singing) >> i take lipitor, thats it. >> are you improving your lips? >> (laughter). >> when she's talking, you never know where the conversation is going to go. >> it looks like anthony wiener is throwing his hat in the ring. >> his what in the ring? >> his hat. >> always outspoken, joy behar. >> and the best part is that current will let me say anything. what the hell were they
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thinking? >> only on current tv. >> welcome back the turk. well, it's one of our favorite things to see at "the turks." it's g.o.p. on g.o.p. nastiness. and these are the front runners, and you wonner who will be left to survive. i'm speaking of rand paul and chris christie. it all began in january, and remember new jersey is after the feds to send money for relief after sandy. it's only gotten hotter since january. >> yes, i think over the top gimme my money, i want it all or i'll throw a tantrum. i don't think that will play well in the republican party. >> i like all these esote rc
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debates that people are getting into. >> i don't think the bill of rights is esoteric. >> the governor of a state that lost the second highest number of people in 9/11 after new york. >> i think it's sad and cheap that he would use the cloak of 9/11 victims saying i'm the only one who cares about these victims, hogwash. >> this strain of libertarian going through both parties making big headlines i think is a very dangerous thought. >> and governor christie and others have been part of this gimme, gimme, gimme, gimme all this money. >> if senator paul wants to start looking at where he wants to cut spending maybe he should cut what he takes home to kentucky. >> gimme my money now. >> they only care about bringing home the bacon so they can get
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reelected. >> is this the king of bacon talking about bacon. >> i have nothing personal against senator paul. >> i wonder if his screen saver is gimme, gimme, gimme. >> what is the future of these two guys? certainly the republicans would like to see paul because i think he represents more of the right wing of the party s that the case? >> it depends on what ring of the republican party we're talking about. here is a guy who is from new jersey, he's straight talking, and he's doing what he has to do. he has horrible plans and ideas, but he is the guy who can cross because he talks bun of the guys from the "sopranos" that we can get cross-over voters, and maybe get a wider south. >> he can fake being a working class person while gutting the working class while rand paul
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stinks of it. who is going to flop it out bigger, basically, because they've got a lady to take them on in 2016. >> i think it's fear. i don't think they don't like each other. and i have a little advice for rand paul. i'm from philly. do not mess with jersey, jersey will take you down, and it's not a good plan. >> who survives it at the end of all of this? >> who survives it is someone like jeb bush who can let all of this go on, frolic, and then he walks in as the adult in the room, as the well-known name in the room, and from a state that has at that time a huge immigrant population that may, in fact, help their party in the only way it can because nationally they're not doing it. to push the abba reference that
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alonzo made. and i think jeb bush is the only one to get that. >> so there is a plan, and it's often true in the early days of an election, and this is the pre-mordial ooze, these two guys, they may not survive savaging each other the way they are. >> in particular argument it seems though there was a lot of temper from the sandy devastation. especially in his argument, when you have someone strictly saying we need help, and other people jumped into it. he threw his name out and saying he wouldn't support other republicans who didn't vote for his area. i think rand paul comes out looking petty. he'll throw the numbers around,
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but americans, think, we're america, we can afford that. >> i'm going to speak for myself. if government is not there to help in absolute crisis when we need government the most, then what are we doing? i think rand paul is way off base about this, and i think i am very grateful to chris christie saying, you know what, jersey paid every dollar they can. i think they get $0.61 back. and for kentucky they get back $1.50. they're getting more than they are giving. when texas said they want to secede, all right, that will save us a lot of money. >> they're like that until a
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national disaster and where is fema. >> you're right, until they're hit by a national calamity. just as you play out the debate, beyond the fact that they're savaging each other, i think it's an odd thing for paul to take on chris christie on that issue. >> but mark, this is a preview of the primaries that you're going start seeing beginning in the fall of the winter of 2015 and probably sooner than that because we're seeing it now, actually. you're going to see these guys go at each other. they're both presumptive candidates, you'll see them come in as the night and shining armor, and this is how politics in america works now. >> this is our expert politics man, michael. as we followed this a few days ago, hillary clinton was meeting with president obama for lunch, and there may be some upset that we're looking a forward 2016.
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is i it now time to draw the lie even though it's two years out. >> i think it's curious that chris christie and rand paul would get involved with each other right now. they see a nominee already anointed on the democratic side. they know what they're going to be running against. they think raising money and getting out there early as the democrats are doing is the right way to go. but in fact hillary clinton hasn't announced, neither has chris christie, and neither has rand paul. this is a ramp up of publicity, i don't think they're paying attention other than to know that hillary clinton, if they wantshewants to run, she'll be e nominee. >> of those two guys, though, which one do you think the party most embraces, michael? >> if chris christie can some how appeal to the evangelicals in iowa, and can some how appeal
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to the wing of the party that makes decisions in south carolina, then he's a foe, but he has to engage there. if he skips it like so many northerners have done and stayed away from those states he's not going to win. rand paul has a fraction of that party, and i think there is a greater chance that people will grow weary of rand paul going forward. chris christie has an intangible appeal of people who don't know him yet. he speaks people's language, and that always helps in retail politics. >> it's interesting, you don't find appeal in either of these two people. >> there is a veil of i'm a regular guy. i call people idiots and dummies, i'm one of you guys, but in reality he does the same work that other politicians to do these things. that was one of the hurdles that
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he has to get beyond his weight problem. he addressed openly. i'm just a regular guy. that appeal goes for him. but at the end-- >> jayar, jayar, that's what helps him in a way with republicans because he is a republican. he can appeal to people who aren't. but when you look at what this guy does he is a republican. he can go into south carolina and say, i lost some weight, i joked about it. look what i did, i'm fine. look at how i cut the budget, and they like that. >> and squashed gay marriage. >> right, yes. >> ' >> he's a brooks brother rioter in a suit. >> we'll see how the campaign unfolds even though it's not under way officially, but we'll see how it unfolds. if you're wondering about george zimmerman who is stopped by the cops, and yes, he does have a gun. we'll share that with you now and when we come back.
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and then the story out of san diego. a young man behind bars without food or water for five days. a massive settlement in this dea case. we'll talk about that, and why the dea agents are walking away scott free. "the turks" continues in a moment.
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we have a big big hour and the iq will go way up. (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all, but i could use a golden lasso. (vo) only on current tv. >> welcome back to the turks. want to start with george
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zimmerman. he gets pulled over and again he has a gun. robin sacks, what happened? in texas today he god pulled over. take a look at the video from the dash cam. a honda pickup, gray in color. >> that's not the most exciting dash cam. i'm just saying. >> it was very uneventful. it was a traffic cop, what basically there the cop pulls over george zimmerman. he goes, you know who i am, i'm
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george zimmerman. he walkie-talkies in, and makes sure that the vehicle is his and he does tell the police he has a gun in the glove compartment. he's in texas. he hasn't committed any crimes, but i'm sure you are going to be up in arms. >> that is one of the newer pick ups in texas and to keep a gun in the glove compartment. >> and if he's not in florida where does he carry a gun? now, of course. >> what is the legality. >> i think you're required to carry a gun in texas. >> i think at the state line you have to have one or you can't come in. >> i used to live in texas. yeah, i say i'm sure if it was licensed. >> i can carry it across.
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>> unless we think they're happy about the verdict, wait until the day comes that he gets pulled over by a cop that doesn't feel so congenial to him. >> here's the thing public perception is that he got away with murder. it's also my perception. be a good guy. don't speed with a gun in your car. go do volunteer work and give your life over to something right. even if legally you're not convicted i think there is something moral about making something right when you've done something like that even if he sincerely believes it was an accident and he believes he's right. >> you're pre-supposing shame.
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he's probably fielding offers for his book deals and tv movie of the week. >> i'm going to shake this up for you guys. frankly the guy has to be out there with a gun. he's probably the most wanted person out there. he wasn't committing crime. >> i'm confident that he has a weapon. i for one feel much better. no, you make a good point. i want to talk about this dea story. this is wild. this is a young man a student, detained by the dea for five days, and they had just written him a big check because of what happened. >> well, here is the back story.
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>> i did what i had to do to survive. >> for daniel chung, surviving this horrifying ordeal in a 5 x 10 holding cell meant drinking his own urine. chong was detained following a drug raid at the university city where chong admits he was smoking pot with friends. but agents told him he wasn't under arrest, and even offered him a ride home. hours later handcuffed and alone inside of a small, windowless holding cell chong wondered why he was still there. >> that is so inconceivable. i kept doubting that he would forget you. >> reporter: but that's exactly what happened. those hours turned into days all the while chong said he could hear dea workers and other detainees walking by his cell door. >> i kicked the door many, many
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times. even my neighbors i guess were getting annoyed with me and telling me to shut up. by the third day i was completely insane. by that time i was just trying to get my sanity back. i didn't carry if i died, i just wanted to make sense of things. >> reporter: but day four the lights had gone out. thirsty and starving, in total darkness, chong said he tried to commit suicide by breaking his eye claseyeglasses. he tried to carve a message in his arm. >> i tried to write "sorry mom" but i gave up. >> finally agents opened his door. suffering signs of kidney failure he was rushed to the hospital. by the way he told agents what he had been through. >> he said, oh my god. >> yesterday we told you that a small bag of meth was found in
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his cell. he said that that meth did not belong to chong. he found it in a blanket in the cell, and he ingested it because he was simply starving. now they're putting together a lawsuit against the dea. >> he put together a civil lawsuit. he filed the civil lawsuit, and they have settled the civil lawsuit, as horrific, and it is, that's probably why in the settlement they publicly announced he received $4.1 million, and in his pocket after legal fees will seep $2.3 million tax break. >> tax free. he was water- food-free, bathroom free. he was neglected. how did this happen? they said they forgot about him in there. that's what the reports seem to indicate. >> well, that's the best question off camera. he said, god, i want to work for the government.
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>> what happens with these guys. were they reprimanded? you would have to fire everyone associated with this. >> the answer is no. the dea did an unusual thing. they actually issued an apology and they said right from the beginning:and he added there w wassing a going to be an extensive review. how nice and refreshing for the government to take a hit. they deserve a little bit of an applause for that. >> well, there is nowhere to run for the government on this one. >> and as people run and get away with stuff and they turn the tables all the time. i agree with you. i think there was a truly heartfelt regret about what happened. it was horrific. reading some of the reports about what he went through, he was close to kidney failure, he was close to death when they took him to the hospital.
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and writing that i'm sorry, mom? just to sit with that for a minute is--it's horrific and heartbreaking and makes me want to cry. i think they had that same reaction. i'm heartened by the fact that they settled so quickly, taking responsibility, and doing what they need to do which is looking at how this happened. >> excuse me, alonzo, why can't anything happen to the agent who is forgot about him? there has to be some di disincentive. >> it's the one place where you can commit negligence and have the protection of governmental immunity. plumbers, doctors, regular lawyers, all those type of people can be fired, held to lawsuit, always held accountable personally, but there are all kind of provisions for government employees to have protection of personal liability protection of their job. >> if you want to screw up,
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alonzo, government is where you want to work. >> clearly. how do you not know that you have somebody in a cell with no toilet or no sink. >> it sounds like the system was set up, when they bring someone in, how do they not sweep through. >> he was able to hear them talking, which is why it's strange that they didn't know he was in there, because he was screaming for help after a couple of days. he heard their conversation, how could he hear that and they can't hear him. >> and why don't they have cameras in the cells. they're supposed to for protection any way. >> and you should have seen what happened to cheech. >> oh. >> i got to move on because someone else was mistreated on the way up. brad mbradley manning, the verdt positioner of the trial is done. now it's to the sentencing
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phase. we'll be back next.
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>> the bradley manning sentencing phase has begun, and he is still having--even though he escaped the worst charges he's still staring down the barrel of 136 years behind bars potentially. here is the set up. >> this morning manning's sentencing phase will begin. theoretically manning could be sentenced to 130 years in prison, that's not likely to happen, but he could still spend a significant part of his life in jail. the government could not get a conviction in the most serious charge in the case that bradley manning intentionally aided al-qaeda, but this certainly stands as a warning to anyone who wants to leak information that they could face serious consequences. >> this is a pretty stiff verdict even though the toughest
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part of the verdict didn't show up. i have to think--by the way, you talk about mistreatment. bradley manning was terribly mistreated, as you're aware, i wonder if he'll get credit for that. it's across military ranks as well as something really wrong. i wonder if the judge in this case won't make some allowances here. >> i think he's a hero, and he's a martyr and they'll make more of a martyr of him as they proceed. this is acceptin sending a messo potential whistle blowers by revealing certain things that the government does not want out there. this guy did not take it to the enemy. he did not sell it to anybody. he took it to wikileaks, giving it to the world to know what is happening. >> hold on a second. i don't disagree with you partly, but calling him a hero
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is extreme from my perspective. it's not like he released a video. he released over 700 thought pieces--he battlefield reports, cables, video, that's a massive amount to release. and to me that elevates it to a level that the government hassed to something. they can't just allow that to happen. you know, i don't think this is as black and white as him being a hero. i agree with you, he was in solitary, that's not right. a lot of my friend and i--i still listen to people today who are pretty generally on the same page as i am about most things, wildly differing opinions. >> while you two embody the debate that is going on across the media. take a look at this. >> i admire the foreign service a great deal. i trust their judgment about what is a secret a lot more than i do bradley manning. >> right, and you can make that argument. people back in the 1960s said
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that daniel ellsberg was a traitor. who was daniel ellsberg to decide what is to be leaked to the public. people inside the government with a conscience come forward and they disclose it to the world through journalism. if you're calling that criminal you're calling for the end of investigative journal i am. >> two notes, i used to enjoy seeing him in the new yorker, the pounding of the drum of government. i trust their judgment. really? are you that fat and happy that you're sitting here trusting the government on everything and their adjustment? and number two, bradley manning tried to reach "the new york times." he did reach out not first to wikileaks but to the n times. they did not get back to him. >> he went through the normal chain of command that something
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was wrong. you feel like he had nowhere else to go. you know there are going to be consequences. now he's at the phase where he's looking at 130 years, but now the judge can have a certain level of leniency, and get a normal conviction without being this martyr who is going to be sitting 100 years in prison. >> i don't think he should have that either, at all. >> he did know that he was putting himself at risk. >> but he also put people--this is what away can't get away from here. this is a military court, and military court knows he put military personnel lives at risk. there is no argument about that. and so it's going to be judged that way. but leniency may come in the fact, and there were some services that he performed that
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educate and eliminate huge problems in the military structure. maybe he's going to get a little bit of lea leniience. >> i love how during wartime he could be called at putting people's life at glisk listen, they look a--people's lives at . >> yes, people are inherently at risk, and they're out there trying to kill other people. >> and those who perpetrate those things that you might consider on the edge or wartime category, they're not called into military court like this. >> yes, and alonso is right about this, that's a good point. >> they do not look as heartless as they could.
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and they could take this opportunity to quell the fears and concerns and take care of it from their end by letting them now that you can't let out secrets that to put our soldiers at risk. >> it was not just military lives put at risk by some of the things divulged by manning. it was all sorts of people who were put at risk. >> one last thing because it just jumped out at me. the judge in this case, she was promoted, and it was guaranteed to her prior to the verdict. i don't know if that was influenced to her. i just thought it was curious. why couldn't we wait until after this case to make that announcement. she was told about her promotion to the appellate court before the verdict of the bradley
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manning case was handed down. okay, we got to run. we'll talk about the fight of wall street taking on interesting and inventive tone. we'll go to san diego where--well, details when we come back.
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>> well, in the city of san diego they're taking the concept of fighting back to wall street to a different level. gina joins us investigative reporter here at fox in los angeles. tell us what is going on down there? >> well, it's not the first city to do this. the first city was ridgemont. the city officials decided we're going to take matters into our own hands. we're not getting any help from the federal government so we'll implement this whole strategy of imminent domain. i did a story from earlier this morning. let's take a look at that. >> it's usually bad for the homeowner to hear imminent
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domain. but n not in this case. they want immanent domain to save these homes from foreclosure. they have a thousand homes in the area facing foreclosure and they're not getting any help from the federal government. even though the housing market is better in other areas, not here. the city said they need to step in and help the residents. >> when you're at the local level and you see these people. you see the neighbors, the families who are suffering, the local economy can't really pick up instead of spending money in the local economy they're paying into a mortgage that is underwater. this is an option that might help us out, and in other cities as well. >> the mayor says the city wants to start exercising imminent domain on 200 homes. he would first condemn the
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house, take it over and offer to sell it back to the banks for what the city considers fair market value. the homeowners would be able to stay in their homes as long as they pay back the new lower mortgages. >> we're talking about mortgages worth $400,000 when they bought t and now it's worth $200,000. they'll never be able to pay the mortgages at the rate they're going. the city said look, we've got a thousand homes, they're going to foreclose. >> this is a certain area, gina, that would reflect economic depression? >> yes, it's a small community, working class community. the average salary is $45,000, that's the max. these homes are now worth way less than what they paid for. and a lot of folks there are saying we got into these loans and we didn't know what we were getting into. they called it predatory lending and they need help.
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the mayor said they're going to follow suit. if one does it, then another will follow, and what happens when everybody does it. they contacted the mayor and said, you cannot do this. how dare you do this. the investors took money out of the 401k to fund these loans. you're screwing them. on top of that we're going to sue you. if you do it, we'll never loan money to your community. the mayor is saying good head, bring it on. i have no choice. >> the love how the lobbyists are trying to protect their clients. these are like dripping their clients, now they're the height of responsibility, and heaven foforbid their investors be mesd with. >> have the bankers come on mass to address this issue?
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who is representing big bad wall street. >> they have a lobby now dressing counci--addressing coud saying this is a bad idea. they're reaching out to the members of the community saying don't do it. stay in your home. continue to pay your mortgage if you can, but don't go with imminent domain because the mayor is going to steal your home, the mayor said this is not the case. >> when they go out and the. >> they don't know. i posted this on facebook and the reaction was insane. a lot of folks saying, all right, it's about time we stand up against the banks, against wall street. let's root for the little guy. but there are people who say, why didn't they realize they couldn't afford these homes to
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begin with. if you got a salary of $30,000 why are you getting into a home worth $400,000. >> they were tricked to begin with the value of the home, what they can afford, that cuts into scene one in that entire process of mortgages. they were complete ghosts any way. they were ghost mortgages. >> this is happening all over the country. finally a mayor is coming up with something that is creative, out of the box. >> practical. >> i'm curious to see what the repercussions will be in the future. >> richmond already did it, they're taking over 624 homes. >> up in the bay area. >> now el monte wants to do it. there are other cities in line. when will that stop? >> el monte, i misspoke, i said san diego, but these are communities that border huge metropolitan areas, and i think the need is coming up. if this is successful it will be
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hard to stop we're not just hearing eminent domain. >> this takes us back to the discussion earlier on. only the government can come in in these times of disaster and help people out. this whole mortgage disaster thing, the only way we're going to get past it is to have someone large enough to take them on wall street. whether local or national. >> the role of government is that they're there to take care of people, and this is one of those times. >> is this a done deal? >> no, they're still going to vote on this. they have a city council meeting tonight and they'll talk about it next week. that's when they'll decide. >> thank you for come together turks. join us when it's all said and done. more on "the turks" in a minute. >>we'll do our best to carry the flag from 6 to 9 every morning.
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>> cenk: thanks to our panel, on the net on tyt a little bit
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