servant but i am god's servant first. thank you very much. >> for many years, we've been fighting this notion called separation of church and state. but we are now seeing with this hhs mandate and the idea that the government is going to in trud on every aspect of life for now the ability to worship in your own church is that we might be looking back at the phrase separation of church and state final finally, replacement of church with state. and i think that is the core of what we are fighting here is the abolition of the distinctionive christian witness in our wider culture. and those are the philosophical stakes of this battle.

thank you panelists. >> coming up tonight, florida congressm congressman. and supreme court justice on some of the cases that the high court has heard this year. and later, from stanford university and the federalist society, a conversation on regulating technology. friday, supreme court ruth bader ginsberg talked about the health care case. no case has attracted more attention in the press, and the academy. a line that formed three days before oral argument connectioned. some have described the controversy as unprecedented and

they may be right if they mean the number of protested going on outside the court while oral argument was underway inside. she also spoke about press reports on the decision. and though our deliberations are private, that has not stopped the media from rumors and avounts. my favorite wisely observed at the supreme court, those who know, don't talk and those who talk don't know. >> watch the rest of her comments from the american constitution society online. at the c-span video library. >> the ceo of jp morgan chase is on capitol hill on friday.

also at the hearing the heads of the securities and exchange commission and the fdic and the comptroller of currency. at 4:00 eastern tuesday afternoon. we are live here at the state department for the release of the 2012 human trafficking report. and whether to find attorney general eric holder in contempt. that gets underway at 10:00 am eastern on wednesday and it is live on c-span 3. allen west today held a forum in the black community. we will hear from a host with

the fox business network. and robert johnson. >> well, the last two vad walls have arrived mr. charles payne and dr. art laugher. after this i'm going to have to talk to them about how we run things in the military. when you come in late to a briefing with the general. it is not a good thing. that whole personal responsibility thing. it is a pleasure to have each and every one of you here. we have the spot to you here

everyone knows i'm congressman west from florida district 22. and we are going to get right to the meat of why we are here. i think this is a critical topic of what we have to talk about. i have this little book here and every now and then i read it. it is called rediscovering black conservatism. i think very at the beginning chapter one it talks about over the past 30 years billions of dollars have been poured into black communities around the country into a host of problems including failing schools in adequate housing and crime and drug abuse. despite the efforts of many local institutions agencies, school leaders glass root

organizations and community residents, the problems remain. problems have grown worse. i believe it will take new ideas and new voices to find solutions and that is exactly why we are here today. we are here to talk about economic freedom as opposed to economic depend antsy. we are here to talk about principles and how they he can apply to revitalization for the black community. it is the free market that grows businesses and develops businesses and lastly, it is about requality of opportunity which comes from a good education. these are the main reason why we are here today. unemployment in the black community today is 14%. if you understand black

unemployment is probably 18%. the highest average was last august when it hit 15%. median household income $35,000. you know about the federal reserve survey that talked about the decrease in median wealth income. food stamps are up 45%. the black community is 22%. 32% of blacks live below the poverty level. 40% of the inmates in our penal system are black. this is the most telling and why we are here today. and why we have this panel led by this great gentleman. i believe in building you back up.

entrepreneurship. the census in 2010 put the percent of population, white 64%. and hispanic 64%. these are the numbers, 2011 for new start-ups in the white community. 23% new start-ups in the hispanic community, but with 13% of the new population you only see 9% in the black community. we need to talk about the free market. and i can think of no one better to moderate this panel than charles pane. thank you. [ applause ] >> thank you everyone. thank you very much. congressman west. i would like to be a part of that. it is a good thing that i'm on

tv now. i would have got here an hour earlier. i would have went to conductor. this is a serious topic. i'm honored to be here. some of you guys know me from fox news and fox business. i also own my own business. a firm called wall street strategies. i participated as a broker. through the ipo process and the reverse takeover process. ivisted my own neighborhood yesterday in harlem and i got to tell you it was nice to see my own friends and it was very scary, it seemed like time had stopped. there is no real true progress that i could see being made. so there certainly is a whole lot of work still yet to be

done. that is why this is so important. i want to -- i'm not going to demote anyone. you know, the prot calli ipot c kettle -- everyone knows colonel west. he serves the district along south florida's coast line. born and raised in atlanta. congressman west has set up -- seen up close the devastating effects that fails policies can have. in 2004 west retired from the military and brought this daughters to south florida to be closer to his wife's family.

i don't know if you have ever seen the youtube video, but please go online and look at at it. [ applause ] >> speaking of remarkable. one of the most remarkable gentleman sitting next to him with one of the most beautiful watches that i have ever. seen, i'm a watch guy.

>> prior to that, he was the founder of blacken ter entertainment television, bet, under mr. johnson's leadership, bet became the first african-american owned company traded on the american stock exchange.

and he actually remained chairman ceo. in 2007 he was named usa today's 25 most in blfluential business leaders. >> thank you charles for that introduction. you forgot to tell everyone to go to the stock exchange and buy that i stock. >> thank you for the opportunity to be here. i live in west palm beach and i'm proud to say i'm a voter in his district. even though i didn't vote for

him. i say that because, all right. i say that in all seriousness, because i'm a democrat, i've been a democrat all all my life, but the one thing i find most important about the fact that congressman west is that he is speaking out as a voice on the issues. he said we should approach politics with no permanent friends, just permanent inter t interests. i think having a voice of congressman west reinforces the issue that we should have a common interest. he and i see a number of issues eye to eye, we definitely agree

on the empowerment for african-americans. most of you know me as the founder of blacken t entertainm television. i say that not because i'm the smartest kid on the block. but because i had early on, when i started bet, and later sold it, access to capitol. and if you can provide more access to capitol to african-americans charles would be talking been a number of people like myself. >> i know first hand the challenge and i know the talent dedication and determination and vision that minority

entrepreneurs possess and their desire to become part of the american dream. for many years now i have been vocal about the state of black well and the challenges that business owners face and as a result of that the entire black community. i am afraid that unless there are changes made for black america, as an economic entity it is not a growing concern. it's debt is out growing it's rr resources. capitol formation are the principle factors holding back the formations and wealth

creation within the black community. they continue to escalate the growing wealth gap impacting african-american families which i call a wealth gap tsunami. it has more than quadrupled over the course of a generation. it has increased from $20,000 to $95,000. the median wealth of white house how olds is 20 time that is of black house house holds. at this pace, it would take african-americans nearly 581

years to achieve income parity with whites. since the housing bubble in 2006 and the recession that followed, house values were the principle cause of loss. as a result of these declines, the net worth fell from 12124 to $5677 in 2009 a decline of 53%. compare that to a net worth of a typical white household. our notiation's economy is

comparing major challenges and they will serve to mal amagnify the growing disparity. growing income whites have far more wealth than high income after cafrican-americans. to change this reality we have to increase and must increase ac set to capitol. while white america has an 8.2 unemployment rate, the rate for african-americans is close to double that. this is something that you must understand f understand. throughout my entire life the african-american unemployment

rate has always been double that of whites. we are today arguing over an 8.2 unemployment rate for the entire country. black america has had an employment rate double that for white americans. those are beginning to look at supporting those who they deem to be non productive. another group that we have to protect. that is the nature of our debate today and that is the nature

that will be played out in the growing election. they happen to be the fastest growing demographic group in the country. as a result the population that is paying feel that is they are be i being they be transferring money to a non productive growing class of people. this is a prescription for the kind of political fighting that is taking place today. we are in a zero sum game and most african-americans are in the middle of that fight with no

ability to control their own destiny. first you must recognize that the unemployment rate for african-americans is not. they do not believe in hard work or building wealth for their families. there is a racial component to the unemployment and wealth gap between african-americans and white americans that has to be addressed. this country is uncomfortable with addressing their racial component but until we have dialogue about it, the gap will grow wider. i suggest that we musten game in a dialogue about what i call race, recognition, remedies. at the highest levels of government as well as between

black and white america. i recognize that public policy based on racial preferences is extremely provocative and controversial. but controversy should not prevent a reasonable dialogue about a problem that is real and devastating in it's passengoten for african-americans. for minorities to be retrained for the new job moarkets. as congressman west pointed out, over the years, the nation has spent billions of dollars on these objectives but these efforts have not and will not

close the black wealth gap. to initiate a dialogue to increase black wealth, a propose the following policy proposal. allow black businesses to be eligible for government set aside contracts if they own 10% of a business rather than the existing 51% rule. the 51% rule says if you are black and don't own 51% of your company we don't believe you are really black and therefore it is a front. the reason people say it is a front they know black people can't amass the 51% of the buzz. we know you don't have the money, to make sure you can

start the business, you have to have the 51%. encourage minority -- ma jrt owned business to invest in black owned companies by deferring the taxes on economic gain similar to the fcc tax certificate program which motivated major white owned media companies to sell to my nor ats. a white guy had six radio stations he wanted to sell it to somebody. if he sold it to an african-american, the white owner would get a government tax certificate deferring his capitol gains. why not do the same thing across all businesses for minorities

and women so that you would take a chance because if the business hit their capitol gains would be reduced significantly. it is a way to use the tax policy to encourage companies on a volunteer basis to invest. number three allow african-american families earning less than $250,000 annually to defer federal income taxes. provided 401(k)'s are played in a savings account. the gain on the 401(k) investment would be available to the families or passed onto future generation.

if you earned less than a sernl amount of money you get a sernl amount of money. and this is a way of putting more money into the hands of african-american families. the government would get the money back once the 401(k) is cashed ib. at the end of that period that family would have had enough money to buy a home or send their money back. to acquire emergency loan made by minority banks to black families provided these loans are marketed and made in a regulated manner. the loans would encourage these banks and lenders to make sure term borrowing available at

reasonable rates on payday lending as we know it today. lenders take close to $4 billion annually out of the pockets of african-americans who can least afford it because when they need money for emergencies they have no place to go but the pay-day lenders and they charge 350 to 400 apr. people who can least afford it are forced to spend billions of dollars to borrow their own money. require the large banks under the reinvestment act. to fund a nationwide campaign with the focus on savings. there is nothing wrong with encouraging families to defer

consumption. to foe cushicus on savings. we are not invest ed anything that can be done to target african-americans. what we have done because we don't want to talk about race recognitions, we have used commission disparities as the lever to get at these discussions. there are programs, economic disparity does