Skip to main content

tv   The Cycle  MSNBC  September 25, 2013 3:00pm-4:00pm EDT

3:00 pm
she was missing. and now she drinks it every day. well, it tastes great! [ male announcer ] boost drink has 26 essential vitamins and minerals, including calcium and vitamin d to support strong bones, and 10 grams of protein to help maintain muscle. and now boost comes in two delicious, new bars. look for them next to boost drinks. [ dietitian ] now, nothing keeps mom from doing what she loves... ...being my mom. right now cruising for a bruising, the nonfilibuster is still available on youtube. a 22-hour nonfilibuster, really ted cruz? isn't the senate taking up the bill that you supported, really? did you do a dramatic reading of dr. seuss. >> he did. i'm tour'e. there are a few differences, green eggs and ham used 50 different words and didn't take 22 hours to finish and had a
3:01 pm
point. >> forget that story, duck dynasty impression, here's the real headline. >> i'm a big fan of eating white castle burgers, there's 24 places you can't go to get them. >> it's going to be a good day. despite the drama, the senate did take a concrete step towards avoiding a shutdown. it's a procedural vote and it sets up as you may know 30 more hours of debate on the underlying bill. then democrats will amend this package to ensure the affordable care act is fully funded before what is scheduled for a final vote on friday. obama care, of course, has dominated the debate over funding the government and it was a big theme for senator ted cruz who held the senate floor
3:02 pm
overnight in a nonfilibuster speech. here are some things he said. >> you know, it's a little bit like the world wrestling federation, the outcome is predetermined. they know who's going to win and lose and it's for show. obama care is a far less intimidating foe than those i have discussed with the possible exception of the moon. most americans could not give a flying flip about a bunch of politicians in washington. who cares? you know, almost all of us are in cheap shoes with bad haircuts. >> who cares? we do, senator cruz. we do. when he left the senate floor he had a few more words for reporters and here's what he told kelly o'donnell. >> did you accomplish something here? >> i hope that this filibuster gave the american people an opportunity to express their views and to engage in this debate. the american people are being hammered by obama care, the
3:03 pm
biggest job killer in the country. >> now to luke russert. it has led to some kind of lessons on senate procedure. explain why cruz was not performing a filibuster and what the other republicans have made of all of this? >> reporter: well a true real filibuster, ari, a senator takes to the floor and they are actively trying to block legislation from moving and trying to disrupt the senate proceedings from moving forward. this was not that. ted cruz had an agreement beforehand with senator harry reid, he really disrupted anything and this morning until he finished up until noon, the ability of other senators to talk about something. a lot of them went on and asked him a question nonetheless. what's interesting, ari, this sort of divide this caused within the republican party. you saw yesterday a tweet that did not get a lot of attention that was from rea ins priebus
3:04 pm
saying stand with ted. senate must act, defund obama care while mitch mcconnell was advocating they shouldn't go through this procedure and all vote on cloture, a lot of folks are puzzled as to why ted cruz voted for it when he said he was against it. the folks on the real right are saying, this was a different cloture vote, than the one that will happen on friday. a lot of folks have questions about the parliamentary procedure and republican senators had questions. but nevertheless ted cruz and real conservative right bloggers knew all along what was happening on capitol hill. >> of course they did. >> now it all makes sense. >> indeed. >> thanks so much for joining us. >> take care. >> let's go to "washington post" dana milbank. it makes you wonder, if this would be happening, let's see if rand paul did not filibuster against president obama's policy
3:05 pm
this year lasting 13 hours, would we be seeing ted cruz doing this? >> no, i don't think ted cruz would have given a flying flip so to speak, if he didn't have a chance to best his friend rand paul. rand paul did his for 13 hours and he had almost twice as many people out to be there with them, even though it was about drone warfare. cruz had the more popular issue among republicans opposing obama care, 21 hours of this. there were very few people that wanted to go stand with him, not because they didn't agree with him on the issue, it's because they can't stand ted cruz. after this 21-hour exercise in self-grandizement, i do not expect his reputation has improved any. >> any didn't stand with him because they can't stand him. very well put. to that point, it's my understanding that there used to be some consequence to going against the leadership of your
3:06 pm
party, if the establishment was angry at you or hated you or did things like call you awhacko bird that was not good for your political career. are there consequences to the ire of the republican establishment now? >> well, actually the whole thing has flipped. we could call it a flying flip perhaps. but now the question is is the leadership going to be punished for not going along with ted cruz or whoever else is representing the tea party. the real question is is mitch mcconnell going to be punished in kentucky and is john cornyn going to be punished in texas. will rush limbaugh rally the forces to have primary challenges to any of these guys who are daring to defy ted cruz? there are no leaders. the leaders in the republican leaders in the senate much like republican leaders in the house are just followers. they can take a stand on this but that's not where the center of power is. it did take courage for
3:07 pm
mcconnell in this primary position to hold his ground on this one. usually he does whatever the likes of rand paul are telling him to do. >> it's true. >> mcconnell tweeted out, my feelings about what's going on, it's pointless and a bit insane. i was really surprised at the flood of tweets back surprising ted cruz's effort, with the hash tag, stand with cruz. i looked up just where the support is coming from. i was really surprised at the support that he does have within a certain wing of the party. if you look at it, nearly the entire tea party wing of the party, 90% -- >> they loved this. >> 61% of nontea party republicans support the proposal that includes defundsiing obama care. 50%, only 50% oppose the house bill. i was surprised by this and it made me realize among this constituency and among this
3:08 pm
group, ted cruz is really heroic figure to them and that's exactly what he's going for. he wants to be crowned king of this movement to prove he can stand out there the longest, fighting for something that's not popular and not realistic, that he is their man. i think for them he's doing exactly what they want. he's getting attention they want. >> yeah, that's exactly right. he was saying look, he's there representing 300 million americans, really he's representing the listeners to rush limbaugh after his filibuster, he went on limbaugh for 30 minutes and said this is -- i'm representing what your listeners want. >> something tour'e and i were talking about, some on the right have said this is great and he's getting different treatment than wendy davis or other people who have stood up in certain parliamentary procedures. that's i think a totally false comparison because the bottom line here is wendy davis or even rand paul to an extent were
3:09 pm
actually filibustering -- they were using their rights within the rules to try to draw attention to something and potentially change the reality, change the outcome. this was not a filibuster as luke russert was reporting to us. ted cruz is not just a random politician. he is a parliamentary expert -- >> knows what he's doing. >> he's a smart legal mind and argued nine cases before the supreme court, more than any other member of congress. i would end by saying this tells us something about him that he wants to fool all of his followers and do this in what i think was a dishonest way. >> i'm not entire -- yes, he's fooling his followers and in a way he's not. if your folks hate government, you do this fake buster, they are like, yes, this is great. and nothing bonds like a common enemy and they hate government. this attack on government -- >> and hate obama. >> even if they lose it's a val yant thing and bonds them together in this way.
3:10 pm
the king of the tea party movement at this point without question, how far can he carry it though? >> well, guys, i don't know about you all, i've been inspired about senator cruz's fake filibuster, inspired to pass a fake resolution here at the cycle which we'll have just as much meaning as his fake filibuster did. whereas senator cruz has given a speech, whereas senator cruz proceeded with this fantasy filibuster over the objections of his own party, members have called him a fraud, governmental terrorist and whacko bird. and senator cruz's behavior em do bodies nar six where it is a local specialty and his actions benefit only himself in fund raising and notoriety and e-mail xaf enking he is content to
3:11 pm
wreck for a few additional moments in the spotlight. now therefore be it known to all, ted cruz is the most selfish man in washington, d.c., congratulations on making washington even worse than it was. >> here here. >> and the ayes have it. nice krystal. dana, let me go back to you. when cameras enter any body or room, they are going to immediately change that room, that is exactly what happened in the senate, 1986, they allowed cameras in the chamber. ever since that moment, the number of fill buflters spike and have had this rise and rise of the number of filibusters and a few months ago on this show, jimmy williams suggested that removing cameras from the chamber would be an improvement in the way that the senate runs. we thought we were getting transparency but we get
3:12 pm
grandstanding and this moment with cruz, he wouldn't have done this if there were no cameras in the chamber and the senate would run perhaps a little bit better. >> this is true. good luck getting cameras out of that chamber. then i would have to show up with a sketch pad and draw these guys. ted cruz was speaking for a very important issue there. it wasn't obama care. it was ted cruz. that is his most important issue and i think that we should have further debate on that resolution. >> we will table the motion from mr. milbank and mark you as present and we would love to have you back for a nonfilibuster some day. >> that was a 4-0. >> thanks again, dana. we agree that cruz is a bust around this table and that obama and bill were not ground breaking in their obama care explanation. but krystal says let people stay confused. are you confused? don't worry, come back and hear
3:13 pm
more from krystal ball and the whole cycle gang. [ phil ] when you have joint pain and stiffness... accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if you have symptoms such as persistent fever, bruising, bleeding, or paleness. since enbrel helped relieve my joint pain, it's the little things that mean the most. ask your rheumatologist if enbrel is right for you.
3:14 pm
[ doctor ] enbrel, the number one biologic medicine prescribed by rheumatologists. ♪ turn around ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing really good around ♪ ♪ turn around ♪ every now and then i get a little bit tired ♪ ♪ of living off the taste of the air ♪ ♪ turn around, barry ♪ i finally found the right snack ♪ ♪ with our new, improved peanut butter chewy bars. with an innovative showerhead plus wireless speaker, kohler is the proud sponsor
3:15 pm
of singing in the shower.
3:16 pm
we believe this brings us closer to the possibilities of peace as well as a security, higher level of security and the promotion and protection of human rights. that, frankly is a trifecta for america and that's why we're proud to sign this treaty today. >> that's secretary of state john kerry signing the united nations armed trade treaty as he
3:17 pm
prepz for another big undertaking, direct talks with iran, he'll meet with the foreign minister as part of the seven year effort to curb iran's nuclear program. this will be the highest level talks with iran in three decades but they can be trusted? back on the show is middle east expert and former cia intel analyst ken pollack. ken, in relationship that has not known trust in about 30 years, how do we assess whether or not rowhani is any different from ahmadinejad? he says he has the heir of the supreme leader and has control of their nuclear as pieration. what are the actions that need to come out of iran to prove the point rowhani is as advertised? >> let's start with the words. it's important, everyone is saying, these are just words and meaningless. in the iranian context they are not meaningless. it's takes a lot for a iranian
3:18 pm
politician to stand up and say the things rowhani has, saying the holocaust took place and wants to end iran's nuclear program and willing to make compromises with the united states. these are very tough things for iranian politicians to do. we've seen other politicians take hits for it but we do need to go beyond that. we'll need to see a willingness on the part of the iranians to accept real curbs on their enrichment program and accept real monitoring and inspections so we can have confidence that they are abiding we any agreement we make. >> we're seeing iranians take some real steps with their words, you're saying that's concrete and important and kerry meeting with his counterpart and hearing back channel negotiations happening between the white house and the rowhani administration or whatever you want to call it. okay. but then they can't have obama shake hands with rowhani at the u.n. that's just symbolic stuff. they are doing the actual work but the symbolic stuff can't happen. who in iran, that's mainly coming from iran's side, who in
3:19 pm
iran is not ready to see a photograph of them shaking hands? what's going on? >> certainly not the iranian people. by and large, you don't want to make gross generallizations the iranian people are about the most pro-american in the middle east. it's clearly elements within the regime and revolutionary guard and other hard liners. it may be the supreme leader himself. the supreme leader is close to paranoid about the united states. he just believes every bad thing that happens in iran was somehow our fault. i think that symbolism that you pointed out, that's going to be big for him to get over the symbolism. we need symbolic things too. we need them to kind of stand up, man up for what they did during the hostage crisis. >> what kind of pressure can the u.s. put on iran to get more out of it wants from syria? >> that's going to be tough. right now we've got a lot of fish to fry with iranians, we need them to make this nuclear
3:20 pm
deal. it's going to be hard to simultaneously try to coax them into making the nuclear deal and pressure them on syria. those kind of things run in different directions. i think what we figured out on syria, the iranians don't have a whole lot of options when it comes to syria. at the end of the day they real their ability to shape events in syria is very limited and we need to be thinking about, okay, what can we do with the russians. what can we do on the ground with the opposition, play syria that way. not try to bring tehran into it. the more we bring it in, the more we complicate syria and the iranian nuclear issue. >> all of the focus on iran and syria and lately on kenya, we've lost sight a little bit of what's happening in egypt. this was the first major international stepping out for egyptian officials since the military ousted morsi. what is the reception been like for them? >> yeah, this is part of the problem.
3:21 pm
i think far a lot of people they are kind of glad to not be thinking about egypt because nobody has a good answer for egypt. increasingly looks like the general overthrew morsi, probably going to run for president and he may very well win. that will look like sadat, mubarak, back to the future right back to where egypt is. there's a lot of discomfort but nobody has a good answer for what to do about it. >> always good having you. thanks so much. next, the latest from the fbi this afternoon on the navy yard shooting, plus newly released video of the shooter moments before his deadly rampage. you don't want to miss this. [ male announcer ] the biggest news in breakfast is actually tiny. new kellogg's raisin bran® with omega 3 from flax seeds. plus plump juicy raisins. flax seed? who are you? i still got it. [ male announcer ] invest in your heart health with kellogg's raisin bran® cereals. [ male announcer ] invest in your heart health
3:22 pm
let's make an entrance. let's go against the grain. this way, that way, even up that way. let's measure this, and how-to that. let's save, and then, let's get down to it. let's make your home feel like this, and make you feel like this. let's do this. more saving. more doing. that's the power of the home depot. right now handscraped saratoga hickory, 99¢ a square foot. then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. ♪ unh ♪ [ male announcer ] you can choose to blend in. ♪ or you can choose to blend out. the all-new 2014 lexus is. it's your move.
3:23 pm
humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? coffee should come in one size: mug. stay grounded with the rich, bold taste of maxwell house coffee. always good to the last drop.
3:24 pm
dramatic new video of the navy yard shooter as he was carrying out his reign of terror inside building 197.
3:25 pm
it shows alix is casing the hallways and shotgun in hand. fbi officials say there was no indication he was tart targeting anyone specific but they believe they have gotten closer to what caused him to carry out the massacre. >> there are indicator that he held an delusional belief that he was being controlled or influenced by extremely low frequency or elf, electromagn electromagnetic waves. a document retreed said ultralow frequency attack is what i've been subject to for the last three months. to be perfectly honest that is what has driven me to this. >> alexis killed 12 people during the rampage and killed in a shootout with police. >> treasury secretary jack lew is warning about the debt ceiling. he predicts we'll reach our
3:26 pm
borrowing limit on october 17th, 22 days away and it's sooner than previous predictions. >> the clinton global initiative was headlined by hillary clinton. she spoke during a panel on women decision makers in the global economy. last night she talked about the best decision her husband and president obama ever made. >> they have fabulous daughters. they each married far above themselves. >> stop me if you've heard that one before. i think that's actually just what you're supposed to say about first ladies or wives in general. speaking of familiar, that was the tone from president obama and clinton once they did get down to business and the business was selling obama care. >> this is a big step forward for america. >> you're going to be able to purchase high quality health insurance for less than the cost of your cell phone bill. >> so, so far it's good but i think it's important for you to
3:27 pm
tell the people why we're doing all of this outreach. >> all right, so sell it, mr. president. >> there's a story that came out of kentucky where some folks were signing people up at a county fair somewhere and some guy goes up and starts looking at the rates and decides he's going to sign up. then he turns to his friend and said this is a great deal, this is a lot better than obama care. but -- which is fine because we -- you know, i don't have proud authorship, i want it to work. >> tour'e is upset because he mentioned that same story on the show and the president is just -- >> maybe we should get video. i don't know if he was watching "the cycle" yesterday. i think you were. it throws me off. i think he should listen to me when i talk on the cycle.
3:28 pm
>> i usually do. >> usually is not enough. >> to the president's point, personally i don't care whether people know that what they are signing for is obama care if they are signing up because it's critical to the law's importance that people sign up. it did raise a question, even once we have the exchanges in place and subsidies kick in in january, this isn't a thing like social security or meds care where you're getting something directly from the government. so we keep thinking that once obama care goes into effect people are going to realize the benefits that they have and they are going to like obama care. but are people ever actually going to realize that they are receiving obama care benefits. >> there's something to that because they'll interact with connect in kentucky or vermont health exchange or whatever. the relationship to obama care isn't going to be there. when they see lower prices, which many many states are reporting, especially those
3:29 pm
where republican governors aren't monkeying with the system. job logss widely predict are not occurring which moody's is saying job losses are not actually happen. small business is continuing to hire and loss of work is in -- when we see those arguments defeated, then people will have a harder time demagoguing this thing. but there's a fundamental thing in america where we think if you are poor, it's because you have made bad decisions or because you are lazy. we don't want to help those people. and when we can get past that, and understand that there are structural reasons why the rich stay rich and poor stay poor, we'll be more able to help behind this safety net. >> you mentioned this yesterday in your rant and it's important that this whole idea of a mandate was actually pushed originally by republicans, by the heritage foundation later adopted by governor romney and
3:30 pm
other governors. people also forget back in 2008, hillary was tough on obama for being too conservative when he came to health care, wasn't supportive of the single payer system. >> a lot of the left say it doesn't go far enough. >> this is a large and complicated bill. health care is the size of the french economy if you think about it. the implications are profound. it's a matter of quality of life. it's a matter of life or death. it's a matter of economics. this is really an important thing for people to get a better understanding of -- >> let's protects people. >> but i think what's going to happen from here because defundsing is not going to happen. you're going to have people in the middle and both sides come together, what's working and what's not working. what do we need to hold off on for some time. >> that makes sense economically. >> the difficulty you saw in the sound from the president is that selling regulation is different than selling a benefit. >> right. >> medicare was fundamentally a benefit and then you walk away,
3:31 pm
do i want medicare. when you sell a regulation like, why do you have ingredients on the back of food labels, right, you have it because ralph nader and bunch of people started a movement around consumer choice. thank you for telling me what'sy your product. thank you federal government. it's a law. seat belts in cars, there was a period that wasn't required. when we started to require it, it's a good thing and no longer controversial although neshly people said why should the government be inside my car. >> car manufacturers fought against it. >> so there's a lot of areas where when you're trying to sell a regulation, regulatory scheme that has benefits, it's more difficult in the short term than selling a benefit. the political size is difficult because cruz is losing the political party. he lost someone who has proven himself as a chief opponent to barack obama. take say listen to this from today. >> i campaigned all over america for two months everywhere i
3:32 pm
could and in every single campaign rally, i said and we have to repeal and replace obama care. well, the people spoke. they spoke much to my dismay but they spoke. and they re-elected the president of the united states. >> i think a remarkable endorsement from john mccain, who of course fought against this president and fought against the affordable care act in saying, look, we lost. he won. this was litigated. this was a big issue and what he's saying not that he's changed his mind on obama care but he's saying you can't hijack everything and sabotage and defund the government because you disagree with something that the public has already spoken. >> we have a process for this. >> that's a remarkable -- that is a remarkable political moment today that i hope people appreciate. >> not running again for office, that's a perfect example of doing what's right regardless of
3:33 pm
politics. >> the elections matter and argument is defeated by the polls that american people are against it which is funded by years of demagoguing with disinformation against the stuff. >> if you ask if they want the government to shut down to defund obama care, they are opposed to this. college admissions, kindergarten applications were brutal enough but to the rescue comes the application rescuer. she's real and joins us next. it starts with something little, like taking a first step. and then another. and another. and if you do it. and your friends do it. and their friends do it... soon we'll be walking our way to awareness, support and an end to alzheimer's disease. and that? that would be big.
3:34 pm
grab your friends and family and start a team today. register at alz.org [ female announcer ] at 100 calories, not all food choices add up. some are giant. some not so giant. when managing your weight, bigger is always better. ♪ ho ho ho ♪ green giant
3:35 pm
diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. could save you fifteen percent or more on car insurance. yep, everybody knows that. well, did you know the ancient pyramids were actually a mistake?
3:36 pm
uh-oh. geico. fifteen minutes could save you...well, you know. they called her the application whisperer but what does that mean. parents get the kids the best
3:37 pm
tutors and leave it to teenagers to write a meaningful essay that explains why out of all of the kids in the pool the school should choose them and their whole lives seem based on this essay. in her new book details the pressures they face and the stress of the college application process and how she helped them get accepted. lacy crawford, the author of "early decision", it's a novel to protect the identities of the innocent and the guilty, the students and their parents. lacy, welcome. you're the application whisperer, what are the things kids should do to their application to help them get into the dream school? >> tell the truth, talk about the things they are passionate about. it's not magic. it really isn't. i found working with students and these are the stories i tell, when i can get a student out of that kind of panic and
3:38 pm
paranoia thinking the rest of the world hung on the balance of a yes or no and get them to think about what they love to do and might want to study and write about them in their own voice and spend time on drafts and polish them up. colleges would sit up and listen. >> competitive college admissions are supposed to determine a sort of subjective and objective talent about their students. do you think that when you're helping them you're sort of in a bit of a game of cat and mouse with the admissions process? can they tell you're helping certain students? >> that's such a great question. there are so many people who package students. i'm sure i crossed the line more than once, not in terms of writing something for a student but suggesting something they may not have come up with on their own. what was important to me, how a student could talk about his own experiences or own curiosities in a way that would take the essay that may not have been suggested by a transcript and
3:39 pm
the usual rules didn't apply. it was about finding a spark in that student's own interest that led to a stronger essay. >> you saw the craziest and cruellest parent behavior when it comes to college admissions. how do you know if you're that parent? and what advice do you have for parents early on to avoid ultimately becoming that type of parent? >> i think if you're high school senior has avoided between october and december, that may be a clue. i think that a lot of times i've had parents who are panicked about tiny gradations of privilege between harvard and hamilton, they are frantic if they don't help their student get into the top schools, all of the future is lost. it puts an enormous burden on a young person and instead of
3:40 pm
celebrating opportunities open to them, it teaches them where they go is more important than what they've created for themselves to date. that's the real harm in this. >> lacy, in the novel, the pro tag nist is a woman named ann, these were ann's clients, the parents who left nothing to chance, they refuse to flay with a deck that wasn't stacked. did you have any sort -- most of the kids that you worked with were the sort of super privileged and elite. did you have any ethical or moral dilemmas about stacking the deck for kids had the decks stacked in their favor. >> absolutely, almost constantly. throughout the book it is expressed. it is one of the reasons i no longer do this work although i think there's a place for it. i never wanted to hold a young person's privilege against her. by and large the students i worked for were wonderful. they were wonderful kids. i wanted them to ends up in great colleges and have great
3:41 pm
lives. what was challenging was thinking why are they so passive. why are they waiting for me to do this for them? why don't they go out and grab this opportunity they've been given? the reason so often was because they were tutored since they were 4 and taught to sit back and take direction because what they had to offer wasn't good enough. what i tried to do was shake them out of that, say, look, i've been to college, your parents have been to college. they don't want to admit me, i've already gone. they want to admit you. tell them who you are and what you want, speak in your own voice. when i was able to do that, it worked. >> so is it true whether or not you get into an ivy determines whether or not you'll be happy and successful throughout your life? >> you know, it didn't work that way for me. i don't know very many people for whom it did. i think there's a fantasy and i don't think the top schools do much to dissuade people. if you get through one of the top three schools the world is it your oyster. it's more complicated than that.
3:42 pm
if all of the emphasis is on where you go rather than who you're becoming and what you're going to do and how you're going to do it, it can be a rude awakening when you turn 22 with an employer saying yeah, but what can you do? >> something tour'e and i talk about a lot, which is street smarts. >> being a big fish in a small pond can be helpful for you. lacy crawford, thank you so much for the insight. good luck with the novel. up next, solar panels, they are not just for ari's house anymore. >> what?
3:43 pm
ever ybody has different investment objectives, ever ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
3:44 pm
3:45 pm
3:46 pm
♪ and now there's a new way to do the same for your dog. introducing new purina dog chow light & healthy. it's a no-sacrifices, calorie-light way to help keep him trim... ...with a deliciously tender and crunchy kibble blend he'll love... ...and 20% fewer calories than dog chow. discover the lighter side of strong. new purina dog chow light & healthy. you may have noticed a lot more of these things on houses in your neighborhood lately. they are solar panels and they currently make up a small part of the electricity market, it is projected to rise by 50% this year. that's not only because people want to go green. thanks to accommodation of market cost and incentive programs they can save money by tapping solar power. first people install solar
3:47 pm
panels at home and those panels generate power then there's a chance to cash in. people can sell unused solar power back to the grid. your power meter is running backwards. but just as this technology is taking off, there are some companies and policy makers pushing back. just this month in california, a bill passed to cut down on government incentives for solar power and companies protest it is inefficient. explaining why in his view why the industry and environment can work together and win, he represents a residential solar company and served in the clinton administration. >> thanks for having me. >> i want to start with the big picture. the other piece of this when you look at overall in the market and carbon emissions about 38% of our total carbon emissions come from electricity, whether
3:48 pm
it's through coal or normal electricity or an alternative would be solar. so while it's a tiny share of the market right now, is this a good place for the government to actually push up a market instead of saying coal where they end up being against the market? >> a lot of forward looking policy that's starting to work are things you described in the introduction, the ability to sell back to the power company the power that you don't use. there's a really interesting question here. why now? why are power companies all of a sudden starting to raise concerns? this has been in place for some time. the answer is that it's actually now becoming quite popular and affordable to put solar panels on your home. the power company sees a threat. they are used to being the only source of power. they don't like if you distribute the production of power to the home. i've got to tell you that the politics are fascinating too. you have progressives like me who think we ought to be encouraging this but you have tea party conservatives who say
3:49 pm
i should be able to do whatever i want with my roof, including producing my own power. and that's the pushback here. there's a fundamental shift in the way power is made and distributed that the power companies don't exactly like it but it has a lot of fans. >> and raises the question, can you warm your tea at your tea party protest with solar power? >> absolutely. >> another segment. >> exactly the question that i was going to ask, ari. i'll ask a different one now. it is no surprise that the power companies are using scare tactics it's the rich using solar and it will fall on the poor, they have to pay for this. do they have a point when they say if too many people go solar they won't have enough money to pay for the cost of maintaining the power grid? >> great question. a couple of answers that are really important to point to. first of all, you and i paid for the power grid. the companies had a guaranteed
3:50 pm
monopoly from the government and rate of return, they were built on the backs of you and me, point number one. point number two, they have a good point when they say if everybody started to use solar that that would somehow reduce the base you can draw from to pay for power lines to every house that attaches to the grid, including those with power from solar. and you say to them, there, now you're helping to pay for the grid. the final point is this, the scare tactics that it's somehow going to be the poor that get stuck with the bill, i'll dealing with clients now that build homes that are designed for the middle class, lower level entry level home buyer. to get solar cheap. so the notion that this is just something for the wealthy, that solar panels are just for the wealthy and everybody else gets stuck with the bill that is not exactly true. and if we encourage this kind of behavior and encourage people to get solar, guess what, it's going to be more and more affordable, and by the way, as pointed out in the beginning, very good for the environment. we ought to care about that too. >> well, and i love the idea of us all being able to be our own
3:51 pm
energy entrepreneurs. but we have this whole debate in the country about investing in upgrading our power grid and making it a smart grid. are we actually set up everywhere in the country to be able to sell power back, or do we need to invest in upgrades? >> no, we're not equipped, both from a physical standpoint and regulatory standpoint. not every state has what's called net metering, allows you to sell energy to the grid. so there is not an all-50-state solution to this. but you do have about 40-plus states that have it. that's pretty good to start. second thing is, our energy use is changing too. think about the popularity of tesla and the electric cars. you know, you plug in a few electric cars per block and it throws off the power company's estimate about what the base load should be. so there is going to have to be changes in the way we do our energy distribution anyway. what i would hate to see is, an attempt to push back on our ability to put power generation
3:52 pm
on our own roof. that ought to be something we try to encourage, all over the place. it takes pressure off the grid to have us producing our own. that's something we ought to strive for. >> you talk about solar power being used all over the place and the tease we showed a little bit of lockup using it in prison. what's going on there with it being used in prisons? >> well, what can i do with this one? okay -- >> i have no idea. >> i got it. i got one for you. there is a real trend in this country of rooftop power purchase agreements and on big stores, like you take a target or a walmart, they're leasing their roof space to companies that then put their own power, their own solar panels up there and sell that power back to the store. now, that's a big trend. you have a lot of big, big buildings with roof space. that will work great. a prison, i guess that's a big building with a lot of roof space. so that sort of industrial scale distributing solar is happening all over the place. big companies are buying into it, and they love it.
3:53 pm
i'm talking about something slightly different here. i'm talking about distributed residential solar. that's a solar panel on your house. >> right. >> that seems like something the power companies are not quite comfortable with, because if it means that all of us start to become our own power generatorses, they, the power companies are somehow cut -- i wish they wouldn't think of it that way. i wish they would say, hey, why don't we offer this solar to our own customers. why don't we offer to put the panels on their house, offer to sell them power? that would work too and the power company should embrace it. >> david goodfree, lawyer, friend of the show. thanks for being here. next, we look at the latest company to jump through a loophole on wall street and another reason to find twitter annoying. ♪ you think you're cooler than me ♪ to prove to you that aleve is the better choice for her, she's agreed to give it up. that's today? [ male announcer ] we'll be with her all day to see how it goes. [ claira ] after the deliveries, i was okay. now the ciabatta is done and the pain is starting again.
3:54 pm
more pills? seriously? seriously. [ groans ] all these stops to take more pills can be a pain. can i get my aleve back? ♪ for my pain, i want my aleve. [ male announcer ] look for the easy-open red arthritis cap. man: sometimes it's like we're still in college. but with a mortgage. and the furniture's a lot nicer. and suddenly, the most important person in my life is someone i haven't even met yet. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. as you plan your next step, we'll help you get there.
3:55 pm
[ male announcer ] now, taking care of things at home is just a tap away. ♪ introducing at&t digital life... ♪ ...personalized home security and automation... [ lock clicks ] ...that lets you be closer to home. that's so cool. [ male announcer ] get $100 in instant savings when you order digital life smart security. limited availability in select markets. ♪
3:56 pm
3:57 pm
♪ twitter is going public. the messaging service announced for the first time it will sell shares on the stock market. twitter broke the news with a tweet which is supposed to be very fitting and cute. well, it's not. this little message is actually important, and not because of all the money twitter is going to make. the tweet actually reveals a growing problem in the stock market. big business ducking financial regulation. last march, congress passed a law called the jump start our business start-ups act. and it was promoted as a way to help small businesses, but it's looking more like a way to did he regulate a huge portion of the financial markets. that's the opposite, of course, of what experts advocated after our financial crises. the law created a loophole for what it called emerging growth companies and lating last year that means they didn't have to
3:58 pm
to the usual disclosure rules for a new stock offering. the idea was to make it easier for really small officials to go public, and there may be times when the government should apply stricter standards to say a wall street big shot while giving a little guy a break. but we shouldn't give that kind of break to twitter, which is estimated to be worth up to $20 billion. the problem is that congress drafted the start-ups act so loosely and so friendly to business, the exceptions applied to 90% of typical ipos. that's according to a "new york times" analysis by law professor, david davidoff. so this isn't really a loophole at all. it's a pass for most of the industry. and it means most companies can now enter the stock market without an early publication of their financial data. or risk factors. and that means pushback from regulators can remain in the dark. all this secrecy prevents investors from pressuring or punishing the company for any shady accounting. or for schemes to benefit particular business people over everybody else.
3:59 pm
i mean, remember the social network? >> you're going to blame me, because you were the business head of the company and you made a bad business deal with your own company. >> it's going to be like i'm not a part of facebook. >> it won't be like you're not a part of facebook. you're not a part of facebook. >> my name is on the masthead. >> you might want to check again. >> we know that movie is fiction, but the problem is real. if there aren't strong rules forcing these companies, it's harder to regulate them and i think impossible to foster informed investing. it's no surprise over the past several years, one of the only economic pieces of legislation the congress has passed was this glorified did he regulation bill to help big business. and congress even cooked up a special name for the jump-start our businesses start up act, using its acronym. the jobs act. well, since they haven't passed an actual jobs bill, i guess that kind of spin might work. it takes a lot of chutzpah. and, well, i don't think it will work at all. that does it for us here on

55 Views

info Stream Only

Uploaded by TV Archive on