tv [untitled] October 12, 2011 10:00pm-10:30pm EDT
welcome to the low to show the real headlines with none of the mersey are going to live in washington d.c. now tonight we're going to take a look at last night's g.o.p. presidential debate that was hosted by bloomberg and the washington post now this is a it was all about the economy there are some things the candidates got all wrong about it so the hashed out an experience then the occupy wall street movement is seeing its fair share of hate coming from the right which of the tea party cooperate with it ditch the republican establishment and go back to grassroots going to debate and the rhetoric is already heating up after the justice department's announcement last
yesterday of iranian plot to kill the saudi ambassador to the u.s. joe biden says that nothing is off the table what kind of response can we really expect from the u.s. government on this one with a strong hold but it's not going to be war will have all that and more for now including a dose of happy hour prefers to take a look at the mainstream media has decided to miss. all right so yesterday bloomberg and the washington post hosted another g.o.p. presidential debate i'm already feeling so incredibly bitter over the hours of my life that i've been wasted watching these damn things hearing the same talking points over and over and over again but yesterday yesterday we had a little bit of potential right it was supposed to be all about the economy you can call that the number one issue and bloomberg a business news channel was hosting it so you thought maybe maybe get it right and there was this one moment of hope what a good question was actually asked of mitt romney take a look. it's twenty thirteen and the european debt crisis has worsened countries
are defaulting europe's largest banks are on the verge of bankruptcy contagion has spread to the u.s. and the global financial system is on the brink what would you do differently than what president bush henry paulson and ben bernanke he did in two thousand and eight were you talking about a scenario that's obviously very difficult to imagine and. i'm afraid it is i've not. seen its answer here it's a perfect example of the problems that we have right now and that's aside from investors those actually watch the markets on a daily basis nobody is paying attention to what's going on in europe they're still suffering a massive sovereign debt crisis going on of their people and it's not any closer to being saw the fact that it's going to trickle down to the u.s. isn't hypothetical it's pretty much real life insurance evocatively now be signaling that they're going to sign off on expanding the bailout fund but most economists will agree that it's not going to be enough a bailout can't fix the e.u.
greece is most likely going to default the problem here is systematic and i have george soros ninety five other people sending a letter to the e.u. demanding fiscal integration you have i.m.f. you guys are saying the global economy could collapse in two to three weeks and sure people are becoming a little bit alarmist here we probably have more than two to three weeks but there are deep fissures that are beginning to widen and that should be paid attention to and so what is the probably the g.o.p. candidate or the one that's going to have the nomination what does he have to say about it is just a hypothetical and he's not really going to worry about that well i think that maybe you should it's a very probable reality that you will have to deal with if you were to win the presidency and one of our mainstream media that parses over every single word of every single debate have to say about his answer in that very good question which i unfortunately was just one question will take a look for yourself. romney widely viewed as not yet another win in last night's republican debate perry failed to make a big comeback at the focus was on the economy and the spotlight squarely on herman
cain the evidence is building that mitt romney will be the republican nominee for president most analysis would say that he comes out of this debate again a winner simply because no one laid a glove on him rick perry loses debates or he's just a shadow of his former self and yet another bad night for have the script could not be written any better for mitt romney the focus of these debates has switched from michele bachmann to rick perry and now herman cain analysts say this was a mitt romney moment with rick perry. yeah seems like they don't really care all that much either we can't live in such an isolated bubble the economy is now a global one it's interconnected it's dependent and it's most definitely not the doing of just one individual we're going to get into how rick perry blames poverty in america on obama singlehandedly in just a moment but back to the larger issue at hand here we don't live an untouchable america matthew and yet that's something that the mainstream media really really
misses. the last night's debate was all about the economy talking about the over nine percent official unemployment rate in the country the newly minted terms of the ninety nine percent versus the one percent the upcoming decisions the congressional supercommittee is going to have to make so not the one point two trillion dollars in spending cuts and it's higher taxes to play a role now despite the fact that ron paul barely got to chime in we also heard a lot of talk about the fed last night but let's talk about what didn't get enough attention. wall street and who got blamed unfairly joining me from our studio in los angeles and especially this and very a host of the young turks co-host of the heat and. thanks so much for joining us tonight. i don't know did last night's debate make you feel better about the possible future of this world or the opposite only worse when you look at the group
that was sitting around that gigantic table that charlie rose that it made me see feel so discouraged when you watch that debate you realize if you question yourself first of all whether or not they actually believe the things that they're saying or if they're very don't believe those things but they're so bought that they're forced to say what they say during these debates i mean we're about to get into the specifics but they are completely oblivious or at least it seems like they're oblivious to the fact that wall street has completely destroyed our economy they keep the same talking points about how we need deregulation we need to make sure we continue these tax cuts on the wealthy other ninety nine percent are just whining and moping about the fact that they aren't successful it's just it's really discouraging and i really hope that most americans watch that debate because it gives you is true idea of what republicans are really about but we're going to get into what they did or did not say about occupy wall street but first let's talk
a bit about wall street in general right the people who can say are responsible for the economic crisis and whether they would have arrested them what they're going to do next you can bridge had a really interesting take on who he really thinks is to blame here take a listen. and let's be clear who put the friction the friction put in where the federal government if you want to put people in jail i want to share it with your store with barney frank and chris dodd and watch look at the politicians who created the environment the politicians who profited from the environment and the politicians who put this country in trouble. let's. i you know i go first let me let me clarify something that he failed to clarify in that answer so he's referring to chris dodd taking out two home loans using crunchy rides countrywide the ip program ok and that actually saved him a considerable amount of money on his home loans he saved fifty eight thousand dollars on one home loan and seventeen thousand dollars on another home loan now in
my opinion there are definitely ethical issues there because if you are getting this great deal through countrywide v.i.p. program then you're more likely to pass policies in favor of big banks and countrywide so i understand what he's saying about that however i'm not having a discussion about throwing chris dodd in jail if you want to set that kind of standard then every single politician should be thrown in jail right so that's what he was referring to with chris dodd when it comes to barney frank i think he was trying to imply that barney frank wasn't critical enough of the predatory loans with when i really don't understand why republicans keep saying that over and over again when in two thousand and four barney frank was on the record saying we've got to stop these home loans these subprime mortgages are a disaster so he doesn't really have a great point there now. i don't let other than that like i he doesn't make any sense you want to throw them in jail why don't we throw away the throws of people in jail who repealed the glass steagall act that that actually directly had an
impact on the economic meltdown why don't we focus on some of the policies of the bush administration past that i think are definitely. more of a reason for why we are in this economic disaster that we're in now so i and his point is ridiculous it was a great way to distract the audience from the people who are actually guilty of this economic disaster yeah i think we saw a lot of that distraction technique last night too and now i'm going to play you a clip of something that rick santorum who we know is very conservative and hate gay people and sometimes just really says these crazy biol things that they can have to blink twice so listen to what he thinks is going to fix the economy. the biggest problem of poverty in america we don't talk about here because it's an economic discussion and that is the breakdown of the american family and we need to have a policy that supports families that encourages marriage fathers take responsibility for their children. and so i'm not sure if he's trying to address the fact here.
that there might be some sort of inequality and i think he's trying to maybe wave his way around but not actually touch the fact that you know perhaps there are higher rates of single mother homes when it comes to african-american communities and that's where we see higher unemployment but he doesn't actually say any of that and so it comes out as just having nuclear families again is going to be the answer to all of our economic woes right he's trying to imply that married couples you know you're going to earn two different incomes and you're less likely to have financial difficulties because you have two incomes that's not the case at all because there are no jobs in fact that's one of the things that he constantly criticize the obama administration about there's a nine percent unemployment rate in the country nuclear family is not going to solve the issue here right and if you're that concerned about having two different incomes in one family then i'm sure he's in favor of you know allowing gay digitals to get married in this country right because that would help them financially why don't we consider that. then i have thousand good point i like that. now let's
let's also look at something that rick perry said when he was asked about poverty and i mean rick perry foley dispel a party last night it looked like he did not want to be there like he is over trying to be president he doesn't really care but he did have one thing reside to blame president obama for and now before poverty take a look. the reason we have that many people living in poverty is because we got to present the united states as a job killer that's what's wrong with this country today you have a president who does not understand how to create wealth he has over taxed over regulated small businessmen and women to the point where they're laying off people . so after hearing all these responses i mean first stars brock obama is not single handedly responsible for poverty in the growing numbers of people living in poverty as we've seen those numbers grow over the last you know twenty thirty years but it seems to me like none of these politicians really get it and that's why we have
people protesting on wall street right now. exactly and listen to how much rick perry first of all is not specific about anything in that answer he was just obama job killer but that's all he said in my comment how much does he sound like george bush and also obama has a job to learn how to issues with the economy way before obama came into the picture we've been seeing a widening gap in wealth between the one percent and the ninety nine percent since one thousand nine hundred eighty nine c.e.o.'s are now making three three hundred forty three times more than the average american worker we're having problems here that we need to solve saying that barack obama singlehandedly is destroying the economy and he's the reason why we're in this mess in the first place means that you have a very superficial and shallow understanding of what's happening in our country and you know what i'm glad he doesn't care anymore and i'm glad he was very nonchalant during that debate because i don't want that guy leading the country i don't want him even having a chance he doesn't understand anything and he sounds like a clown yes second time in a row i've said clout on your show i apologize. seems to becoming
a trend over talking about the republican presidential candidates well let's talk about the guy that you refer to as a clown the last time in that case and a plan that he had that well we just had to listen to the number nine a lot. higher and higher in hiring are not in hiring i mean the. other less guy get in there ok that was totally a joke we just couldn't help ourselves no we're not comparing herman cain to hitler but you know it was funny anyway can you believe that that's something we have to take seriously now that you know devoted so much time they devoted so much time to i guess. yeah i'm not surprised i mean again it's another way for them to distract from what the real problem is it's a way for them to almost be a little of the working class in the middle class in this country they're not
focusing on any real problems like i watched the entire debate i didn't hear anything that i could even possibly consider as reasonable and that's a huge problem with the republican party right now that's why they were so desperate to have chris christie run because they don't have any candidates that are realistic i mean you've got michele bachmann you've got rick perry you've got herman cain i mean the only person who has a shot at this point is mitt romney because out of all of the clouds he's the least cloud liest and i don't use is going to work but you get what i mean they don't know what they're talking about they're not specific in their answers they don't have any real policy ideas that would help this country and i hope the american people watch that debate and realize that as they were doing so. all right well it looks like the thing if you're the white house might look like a circus and i want to thank you so much for joining us tonight. thank you. i thought a concert i how much to occupy wall street and the tea party having a comic and should have to collaborate instead of hate each other we don't debate
that issue since we returned. let's not forget that we had an apartheid regime right. i think the beautiful and funny well. whatever government says they're going to continue safely get ready i think of the freedom. you know sometimes you see a story and it seems so for like sleep you think you understand it and then he glimpse something else you hear see some other part of it and realize that
everything is ok if you don't know what i'm charging welcome to the big picture. you just put a picture of me when i was like nine years old i like to tell the truth. i'm a confession i am a total get over friend sad i love rap and hip hop is second line for. he was kind of the guest today. i'm very proud of the role without sincere in its place.
all right let's take a little moment out tonight to focus on our new secretary of defense leon panetta if you will for he served as the head of the cia he was the director of the office of management and budget under the clinton administration leading a lot of people who believe that he would take his budget cutting skills over the pentagon when he got there so finally somebody would have the will and the wit to cut an else. if you can i gave a very long rah rah i love the army speech at their annual convention in d.c. this morning i won and i was quoted as saying this nation needs an army they can deter any potential aggressor an expeditionary army able to deploy to distant battlefields and upon arrival decisively overwhelm any enemy land force as you can tell it has to preach about the army's every important rule in america even if we end our two official wars but his biggest talking point is his opposition to any defense cuts to which he said quite dramatically it will not happen on my watch
it's just kind of a shame because cuts to the d.o.d. have actually started to be discussed in recent months even managed to sneak into commercial breaks during last night's g.o.p. debate. if you just the spending cuts the entire but you have to be capped by thirty one percent cuts in defense the social safety net it defense and so she can exempt everything else have to be slashed by about fifty percent how be unlikely america would go for that if you try and solve the problem with just revenue basis katz's going after increase close to fifty percent chance that. now there's nothing we can really be done about the three hundred fifty billion dollars in cuts that are already planned but panetta is going to do everything in his power to stop that second round of proposed cuts from happening in fact he pretty much threatened to quit if the d.o.d. had to lose that six hundred billion dollars however his opposition to the proposal is nothing new see back in august we told you the panetta stocks in his first press
conference he addressed the second round of cuts as a k. a sequestered mechanism saying this mechanism this kind of doomsday mechanism was built into the agreement as designed so that would only take effect of congress fails to enact further measures to reduce the deficit a doomsday mechanism fear monger much now according to the office of the undersecretary of defense a d o d has been given six hundred eighty five billion dollars without tons of money there bloated budget should it be debated by our government that's not helping that it sees it through the fence secretaries learned that instilling fear in the congress is his best bet at saving the d.o.d. from the chopping block and he's used that your mongering tactic repeatedly during another press conference in august when hillary clinton had a set of the cuts very simply it would result in hollowing out the force would terribly weaken our ability to respond to the threats in the world but more importantly it would break faith with the troops and with their families and a volunteer army is absolutely essential to our national defense and he says hauling out the force he's referring to what happened in the u.s.
military after the vietnam war where the military budget was cut dramatically troops were downsized and then the government cut away what some argued was muscle rather than that that scary threat of being hollowed out has been echoed by other war hawks out there like representative. so let's just say this let's call a spade a spade here point out wants to keep the pentagon budget the way that it is clearly everybody was wrong about him being a new leader that would take on wasteful spending and bloat the defense secretary's bought tooth and nail the cap to keep the pentagon away from the night so this is the exact same pro-military spending message just a different person as the secretary of defense. now the occupy wall street movement all bearing the slogan we are the ninety nine percent still being looked at as a left leaning movement to the majority of americans let's face it fox news crowd is driving them for being dirty hippies they hate capitalism and democrats are trying to figure out how they can wrangle a vote out of them but what if americans stop listening to the interested parties
that try to divide that thing about this at the heart of both the tea party movement originally and the occupy wall street movement and the anger towards the collusion between the government in the financial criminals that brought down our economy the same belief that our system needs reform from there on sure there are plenty of differences but if that you were trying to try and cooperate could you give us a better chance of fixing the root of the problem here discussed as of right and steinhauser the federal and state campaign director at freedom works on to thank you so much for joining us tonight philip all right so tell me here with me here that originally the tea party right it formed out of anger at the bank bailouts you look at my wall street movement you could say they're also angry about banks being bailed out a number of other things right the fact it was three control so much of our government that there is such a close relationship here so the two started with really really simple or excuse me similar motives right i think so and i would like to know where were these guys when we needed them when groups like freedom works and the tea party movement i
guess with a guy the tea party wasn't really organized but we were expressing our outrage to the bank bailouts and so we kind of led that fight against both parties president george w. bush candidate barack obama and candidate john mccain we're all in the tank for the bailout so we were there sort of fighting this good fight and we sort of been doing that for a couple of years calling out when big government and big business get together the small businessman the individual the taxpayers really good screwed in this in this situation so you're saying where were these people you does that mean that you see it as a strictly left wing movement that all these people were hoping that change was actually going to come when barack obama came into office well to be fair to them they were probably a lot like the tea party people who hadn't. we've gotten organized yet but the point is that we did lead the fight against tarp and that there are some agreements i think between the two movements but i think the solutions to the problems we have a very different vision of what should happen and i think that the house was hotter also some of the different the tea party movement fears big government and it kind of fears big business but it really fears when the two of them get together and
sort of forms this more corporatist crony capitalism state i think that's really a fear that we have whereas these guys thought by wall street piers the exact same thing that they're worried that the government is no longer looking out for the interests of the people i mean they believe the government can actually do that you know they just have to be a gigantic government does that it just has to look out for the interests of the people rather than its corporate donors but i think some feel that way but when you look at folks for example at some guy who's one of the architects of the original tarp it's hard to really see how you could give him any credit or trust that he would take care of these things when he basically engineer these policies or barack obama who supported under these that is now occupy wall street is angry but most of their profit was free movement as what they're trying to say is that they want to stay independent right they don't want to be co-opted by the democratic party and just become a wing of it because it's a the way of the tea party has become the republican party so it isn't and it's anger at both parties the anger at the fact that people like timothy geithner get to go directly from wall street to washington but i think that they feared and they
don't understand that really to give the government more power is going to continue to do the same things regardless of who's there so their solution is what we need more regulation we need you know to make these changes our solution is let's get people in who will actually clear out the deadwood in the republican party replace the republican party with the tea party and get people in there who aren't owned by wall street so folks like mike lee instead of senator orrin hatch well how do you think about is working you know because we did see of course this huge groundswell come out for the november eleventh elections and you could say that the tea party really played a big role in not getting the majority back to the republicans but now how much has changed well i think we're still in across. taking over the g.o.p. at the local level we had a huge historic victory in two thousand and ten we'll see what happens when i say that i'm eleven i meant twenty two and yes well there's so many elections going on that it's hard to keep track but we are looking ahead to two thousand and twelve and i think we're going to focus a lot on the senate and if we can continue this process over time to going to see a big difference maybe again the biggest difference between these two groups is
that their solutions tend to be we want government to do more we say we don't really trust really anyone in power who can get corrupted by wall street or any others special interest so we really need people that are not owned by these special interest from the beginning those are going to be people that are new to politics frankly folks like herman cain could be a breath of fresh air and there are certainly folks on the democratic side i can feel good as well but i think that you know i think that's part of the problem here is that a lot of people are saying i lost he doesn't necessarily have an exact set of demands they don't have an exact vision as to how they want this to end so i think it's too much to say that they necessarily want to put everything in the hands of government now they're seeing the way a government is handling it and they don't like it either but so clearly there are some differences here but let me be better if that you were to try to team together you know team up now to go for the root of the problem and you know figure out the smaller differences later on well first of all i don't think they're big enough to make a big impact or do you think that they're sort of it's combining to writer and say
the tea party began to make an impact impact started getting big my wall street is only expanding by the day well i'm not sure we'll see it with how that plays out but if there are ways we can work together we can be on the same page i think that we should i mean i've talked a lot of these folks here in washington and certainly some of those i share some of the opinions with but then again i've seen a lot of kind of more radical folks who who do want a lot of these other things they want a lot bigger government they want all these demands they put out you know free education free health care i just don't know that we can pay for all that so we have a lot of disagreements on that but what you say it that's bad because at the same time the tea party was upset if you look at certain radical elements within the tea party the. you could call racist or whatever and say that doesn't represent every single one of us so we never had a single arrest they've had over a thousand arrest no tea party or ever not because of the tragedy mark well no tea party ever trashed the party never charged over you know pushed over security guards or cops or thought the crowd was not what we did we left the ground cleaner than we found it so a lot of these folks just are happier than occupy were absolutely one hundred
percent absolute and why is that because the tea party is made up of middle aged white men or least that's the majority right that's if you look at some of the statistics there they mostly are middle aged white males versus the i guess you could say at my last rate is more of a younger crowd i don't know the crowd that i saw in d.c. yesterday was was pretty old but we don't trash the place we don't know if one cop cars we don't beat up the police or security guards we treat each other with respect to respect private property rights so there is a fundamental difference there but are you left out stop you from trying to work with somebody who wants to fundamentally change the political system and make it so that it's not correct anymore yeah if there are ways we can in terms of just fighting on issues when they come up before congress absolutely if there are candidates that for some reason we can see eye to eye on sure but so let me just ask you then you know one more question here because i think that one of the things that occupy wall street and some of the protesters that i've spoken to is that they think that the entire system is broken you can't just do this through legislation anymore you can't do it by moving the democratic party more to the left and going
through the regular process do you think that they should he think that they should try to become the tea party of the left and just be co-opted by the democratic party but i don't want to give them any good advice that they can use to you know they want something but they should study their own history they should look at what was successful in the past we've certainly studied the history of important social movements and ultimately all of them do come down to taking over one of the major political parties and making it look like something that you want to look like and i think the progressive sort of did that in passing though that the tea party is trying to do that with the republican party so this is the republican party look like what you want to look like or you will interview here and we're getting there all the candidates probably. right now for the presidential race for example are coming to us they are seeking our endorsement they're seeking our support and we're trying to figure out who is the right person for the job but they all have problems they all have issues but who those guys look like who you want leading the country as they were in trouble but i want to thank you so much for joining us and i thank you. now coming up next we have our midweek edition of the set i read it and just as predicted the warmongers are to coming out after the
department of justice announced a photo op by iran to kill the saudi ambassador to the us and i'm looking at this talking and what some tales are emerging just. in so that only a military mechanisms do the work to bring just the sort of town of which. i have every right to know what my government would you want to know why i pay taxes that's. why i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story and it seems so silly you think you understand it and then you glimpse something else here's.
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