and health sciences. we are learning new stuff all the time. we have to make sure we are keeping up with it. and understand the implications for what we do. >> i was glad to ask one more question. the chairman suggested new reactors looking for license may be subject to the fukushima issues. or at least reviewed in terms of their compliance with them. we're seeing a lot of utilities delay construction of some of the reactors because of economic issues. have you looked at this question on whether new reactors should be reviewed through the fukushima lens? >> new reactors will be looked at 3 that lens. >> if we don't have anymore

questions, want to thank you all for coming and i want to pack the chairman for coming and to our next press breakfast which will be with chairman wellinghoff, thanks again. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> today on "washington journal," the wall street perspective of the new republican ticket and we will look at proposed changes to medicare and medicaid by republican vice-presidential candidate paul ryan. after that, we discuss this story on drug tunnels went underground between the u.s. and mexico plus your e-mails, phone

calls and tweets, live this morning at 7:00 a.m. on c-span. >> the soviet bear may be gone but there are still wolves in the woods and we saw that when saddam hussein invaded kuwait. the mideast might have become a nuclear powder keg, our energy supplies held hostage, so we did what was right and what was necessary. destroyed a threat, freed a people and locked a tyrant in the prison of his own country. [applause] >> tonight, a 10 million of our fellow americans are out of work. tens of millions more work harder for lower pay. the incumbent president says unemployment always goes up a little before a recovery begins but unemployment only has to go up by one more person before a

real recovery can begin. [applause] >> cspan has aired every minute of every major party since 1984. watch the democratic and republican conventions live on august 27. >> vice president joe biden commented yesterday on the mitt romney choice for a running mate, congressman paul ryan. he stopped in danville, virginia. he said the voters now of the starkest of choices. he is introduced by the former congressman joe perrilello. welcome to the city of denver, virginia. >> we are pleased to be welcomed by of the vice president, joe biden.

stand and raise your hand, all elected officials. thank you for being here. we are determined -- a determined city, in transition from the old to the new economy. it is a city that has a mega bar. that will house thousands of jobs. it is a city and region, great families of great work ethic some people who are successful who are eager for all successful pitchers. >> joe biden. [cheers and applause] -- joe biden. would all elected officials stand or wave your hand. thanks so much for being here. we are a determined city, a city in transition from the old to the new economy. a city and region that has a megapark that will house thousands of jobs. a city and region with wonderful people, great families, great work ethic, and people who are successful, who are vigor for a successful future. we invite businesses all over the world to come take a look at us. we believe you will like it here. when you come, please bring your jobs with you. [cheers and applause] i am very proud to present to you a very dear friend, a hard- working former congressman, one who knows our city and our region well. one who helped us with several

major development projects, most notably our roberson bridge, which is now open. this project alone at, our friend,to danville $28 million. ladies and gentlemen, former congressman tom perriello. >> good morning, danville. it's great to be here with one of danville's greatest products, are mayor. -- our mayor. he served our country in uniform and now serves but community and so many ways.

he tried to stop violence in our community andi was proud to work with him on some economic development products and decreasing violence. it was good to see that bridge being built, as he mentioned. this institute is the heart of innovation in southern virginia. the heart of learning. it is a statement that danville never quits. danville's best days are sll ahead and it has never given up. [applause] i cannot help but see another great danville product recently, david wilson tearing it up in the preseason for the giants. [applause] i know that despite him having made it to the prose, his parents are still proud public school teachers here in the community. we have any teachers here today? [cheers and applause] i am proud to have the honor of introducing a man who understands communities like danville, came from the steel

towns of pennsylvania and knows something about communities that have had been times and tough times and understands the pride of communities never quits. he is here today as he has been before, because he believes in this community and communities like it across america. he lived the american dream, did not grow up with a lot, but made it to the u.s. senate, where he did so much, because he knew that there was a responsibility when he had made it to work to assure the american dream for so many others. when he and barack obama came through danville and other areas in 2008 that made a promise that they would wake up every day thinking about communities like this. i think that is what was on their minds when they made a decision that they were not going to let the u.s. automobile industry die on their watched. asking a question about where you come from and whether you get it, mitt romney road about he would have let the automobile industry go bankrupt.

when you have spent time in communities without manufacturing traditions, that's not your gut instinct. sometimes it is a matter of what happens right in your gut. they said that's not point to happen on our watch. it's not just detroit that's roaring back. if we feel that right here at the goodyear plant down the road. it was down 1600 jobs when they came into office and is now up to 2100 jobs and is moved from an eight-hour shift to a 12-hour shift. [applause] the leadership to be able to stand up and make that happen. that's what this election is about. whether we will build an economy that works for all americans, or just a few. and whether we will have a democracy that represents all americans or just the richest few? this is that choice. [cheers and applause] i don't mind that mitt romney is an incredibly wealthy man. what i minded the idea that he wants to raise your taxes and

cut his own. [boos] what romney himself called independent third-party analysis says the middle class taxes are going to go up to thousand dollars under mitt romney's plant. what he is going to get is a $4.5 million tax cut for himself. if you think about a police officer working here, they would have to work 618 years to make the same amount mitt romney made just in 2010. that was a year that he bragged about the fact he was unemployed. so we have a question of values. i think there's no better way to understand the value of a president or president of candidates than to see who they pick as their vice presidential candidate. i know you all are here to see the big man speak, but i served with paul ryan, so i have to

take a quick second. [laughter] this -- one thing i will say is true, paul ryan is absolutely one of the leaders of this congress. this is paul ryan's congress that has a 9% approval rating from the american people. this is paul ryan's congress that wants to cut benefits to seniors and veterans in order to give an even bigger tax cut to the highest earners. won so big that it makes president bush blushed. this is paul ryan's congress that decided to vote itself a five-week vacation without passing a farm bill when our agricultural communities are on tough times. this is paul ryan's congress that refused to work with the president on a bipartisan budget deal that could have gotten us out of this mess. it's paul ryan's congress that has refused to act on the president's jobs bill for over

a year while doing all these symbolic measures. he wants to take us back to an era where being a woman is considered a pre-existing condition in our health care coverage. i think it is possible mitt romney is the only person in america who looked at the way this congress is behaving and said i want the brains behind that operation. [laughter] [cheers and applause] if the choice of paul ryan tells us more than we ever wanted to know about mitt romney, then the decision to make this next man vice-president tells us the world about barack obama. [cheers and applause] this is quite simply a question

of whether you get it. a question of whether you wake up in the morning understanding the struggle of the working and middle-class. jill biden and i came from the same faith tradition, a tradition that says love is the -- joe biden. -- commandment. and it is what we do with our life that matters. our deeds. here's a man that fights for the middle class, fighting to make sure everyone has access to the american dream, no matter what zip code you are born in. if you work hard and play by the rules, you'll have a chance to make it in this country. [cheers and applause] that's what we believe. it's my great honor to introduce to you a tried and true champion of the middle class, and advocate for the american dream, and the conscience of our nation's capital, and our vice president of the united states, joseph biden. [cheers and applause]

[applause] [applause] >> hello, danville! [cheers and applause] hello, folks. how are you?

all those students. thanks for being with us. hello, danville. -- there. it's all about stem education. i'm sure a couple of nobel laureates are up there. i'm not kidding. it's great to be backed in danville. mayor, thank you for letting me come back in. thanks for the passport. you get invited once and that's ok. get invited back, and that means he does not know any better. [laughter] i'm just kidding. look at the shape this man is in. when he squeezes my hand, i feel like he's putting me in a vice. how about tom? [cheers and applause]

this is one of the smartest guys we ever dealt with. ladies and gentlemen, i stood backstage and listened to the speech. he made it. tommy, you have said it better than i have heard anybody say it before. i am i ugly repetitious and noti hope you will forgive me. -- i am midly repetitious. folks, now that governor romney has elected congressman ryan, the differences will be even more stark. this is a decent man. as is romney. i mean that sincerely.

tom and i have the same faith background and come from the same school of politics that you recognize what is good in your opponent as well as what you disagree with them on. i mean this sincerely. none of this is personal. none of this is personal. but it is critical. congressman ryan is now giving a deposition to governor romney's vague commitments that he's been making in the last year. congressman ryan and his congressional republicans, as one person said, have already done what the governor romney is promising he will do for the nation. so this is one of those rare cases. it's almost like running against an incumbent. everybody knows what we stand for and what we want to do. we are making it clear as we can make it. but in a strange way, picking congressman ryan, leader of the republican party, a man who all

the republicans have said, and it's true, is a real serious guy with serious ideas. they embraced them all. so we know now. before, governor romney had a tendency to peter ambien vague to be vague or change his position a lot. it is now clear. so this is a good thing for the country that we have this stark choice. we know for certain what i have been saying for some time. there is no real distinction between what the republican congress has proposed and what governor romney plans to do. and the american people have already had a glimpse of the ryan congressional republican budget and they rejected it. they have seen it.

the polling data and the special election races, they saw it and they said that is not the place we want to go. at least it is my view that the overwhelming majority of americans are going to say that is not the place, that is not the path i want to go. i believe they will reject the governor romney and congressman ryan for attempting to impose that vision on the american people. ladies and gentlemen, they are both good man, as i said, but they have fundamentally flawed judgment. they of both good man. they call their plan bold and gusty. it is bold. i do not get what is gutsy about gutting medicare to pay for that. or about giving millionaires another tax break.

that is not new. that is not new. it is not fair. it is not fair to the working class and it will not grow this economy. we have seen this movie before and you know how it ends. it ends in the great recession we inherited. it ends in the catastrophe for the middle class. when the president and die, when we took these offices, we said we have a different way forward. we don't think you grow the economy from a millionaires down. i come from a wealthy stayed, delaware. -- i come from a wealthy state. i have never run in my state

playing the populist dream about wealthy people are bad and poor people are good. i know as many patriotic people as a note patriotic poor folks. what i do not know is how ryan and romney view the middle class. we think the way you rebuild this country is you grow it from the middle class out the old-fashioned way, not from millionaires down. my dad, who may be a lot like you when things changed in the 1950's, he had to leave to find a job. that is how i got down to wilmington, delaware. my dad used to have an expression. he is to say, "a job is about a lot more than your paycheck.

it is about your dignity. it is about respect. it is about the sense of yourself and your place in the community. it is so much more than a paycheck." all that you know at least one , two, or more. all ross america, through no fault of their own, they have been stripped of their dignity. they did nothing wrong. they showed up every day. they produced what they were supposed to do. they paid their mortgage on time. they paid their bills. they will up one day and found, i am in trouble. how many of you know someone --

i mean this sincerely -- who went to bed last night staring at the ceiling and wondering, am i going to be able to sleep in this bed under this roof two months from now? am i going to be able to make it? how many of you know a couple who said, you teller, you have to tell her. who is going to tell her that she cannot go back to school next year because we cannot afford it. you know people like that. i know people like that. how many people do you know? they makethe longest walk is a short walk up a flight of stairs to a child's bedroom to say, i'm sorry. you cannot go to george washington high school anymore because daddy lost his job. mommy lost her job. with the bank said, we cannot

live here anymore. you did nothing wrong. your house is worse off less than you paid for. my dad made that walk when i was in third grade. it wasn't tragic but i remember it. we are living at my grandfather's use in scranton. my sister used to be three years younger and now she is 20 years younger. [laughter] i don't know how thatshe looks 20 years younger and happened. she is twice as smart. i guess those things factor in. not one woman in history that has been older than any man in the biden family. i don't know how that happened either. my dad said, "dad is going to move away from a year." he is going to wilmington. "i will try to come every

weekend. i will get a good job and i'll bring you down and it will be ok." my dad believed it was going to be ok. he convinced me to believe it. it was a tragic. -- it wasn't a tragic. i realize he made a longer walk. he walked into my grandfather is pantry and said -- my dad was a proud, graceful man. i cannot imagine what it was like to say, "i need a favor. keep jean and the kids for a year. i promise i'll pay you back." i promise i will do it. you know people who have made

that walk. you know people right here in danville. some of you may have made that walk. the president was generous enough to ask me to join him. i asked him a question. i said, you do me what you say about the middle class? -- you mean when you say about the middle-class taxwe both kid about it. we have shorthands. we want to be able to do our overwhelming objectives. a parent to say to the child, "it is going to be ok." whatever it is, it's going to be okay. so many people in my old neighborhood --i live in a nice house and i do very well. some people do not believe they can say, "honey, it is going to be ok."

that is what we want to restore, dignity to the middle class. help them keep their child and community college in school. protect themself from the risky financial schemes like credit default swaps and these other creative financial instruments. [applause] give tax breaks to companies who stay home and come home, not to those who go abroad. [applause] you are a piece of that. you have a piece of outsourcing here. "the washington post"governor romney pioneered at said bain." everybody wants to be a pioneer,

but i did not want to be on that wagon train. [laughter] when i first said that, the campaign came back and said, it is obvious vice president biden does not know the difference between of shoring and outsourcing. can you picture two pitches at the unemployment line? -- two guys on the unemployment line? what difference does it make to a man who lost his job? this guy does not get it. they do not get it. they did not get it. it is almost a basic. the progress we were making has slowed down. it did not stop it. in spite of governor romney, we

still went out and rescued the automobile industry. we saved a million jobs and created 200,000 good-paying union jobs that people can make a living on. [applause] in the automobile industry. where is it written that the united states will not lead the world again in automobile manufacturing? where is it written that we cannot do that? general motors is now the largest auto manufacturer in the world. once again. [applause] we passed the toughest wall street regulation in history. wall street has been the greatest allocator of capital in the history of mankind.

it that turned into a casino. -- it got turned into a casino. we improved education for the average american for less than 1% of what the nation spends on education, we have encouraged 45 states to raise their standards to better educate our children. [applause] you have some examples up there. we expanded by 3 million people the number of kids from working-class families who have a grant to attend college. 3 million more qualified kids in college today. [applause] we kept faith. we kept faith. my son and all of his generation,coming back from iraq afghanistan with health care and better education and finding jobs. [applause]

we provided tax cuts and incentives for businesses to hire vets, which they fought against for the longest time. we cut taxes for small businesses to help them grow and they say they love small business. we help millions of families to modify their mortgages, saving them thousands of dollars a year. we also got bin laden. [cheers] let me correct that. the president of the united states and the special forces got bin laden. [cheers] i go to democratic rallies and democratic events and the democrats will say to me, why can we get down to a bumper

sticker or stand for? the republicans have easy things to say. i said, i have a bumper sticker for you now. "osama bin laden is dead and general motors is alive." [applause] that is a bumper sticker. it sums it all up, doesn't it? we are about a lot more than bumper stickers. we are about education. fair wages for decent jobs. those are jobs even romney cannot outsource. 4.5 million private sector jobs in the face of the catastrophe we inherited.

500,000 new manufacturing jobs. the fastest growth since the 1990's. that as matter will progressbut that is not enough. there is a lot of people still hurting as a consequence of this recession we inherited. mitt romney says they are running to restore the dreams and the greatness of this country. what they did not say is the claims the congressman voted for and the governor supported put america's greatness in jeopardy. how do they think we got in this spot in the first place? what do they think happened? was it casper the ghost? who did it?

how did it happen? we were doing just fine. had a budget surplus. we were paying down our debt and the middle class was thriving. eight years later, how did it happen? ladies and gentlemen, what they did not say is that that month in january have lost so far 750,000 jobs. before we were sworn in. >> that is right. >> we inherited. when the senators sat down behind that desk -- when the president sat down behind that desk,he got handed a trillion- dollar deficit for that year. for that year.

already $1 trillion in the whole. the middle class have lost $16 trillion in wealth collectively in the equity in your homes. the thing you were counting on. maybe to have some money in retirement. have to rely on your kids orbe able to help your mother and father. may be to send your kid to school after high school. whether it was a trade school or community college. evaporated. gone. done. these guys say they care about the middle class. [boos] my dad had another saying and i have been saying this for 20 years. my dad was the consummate host.

nobody could say anything wrong in my house. some say, let me tell you what i value. my dad would say, do not tell me what you value. show me your budget and i will tell you what you value. do not tell me about your women in the workplace and do not hire any woman. let's take a look because now we have a clear picture. we have a clear picture of what the they value. bass said it. look at what they know that you can look at the budget. romney said he will let the big banks are write their own rules. unchain wall street. they will put you back in chains.

they said they will do nothing about stopping the process of outsourcing. the voted down a proposal to give it tax breaks. they get a tax break for that. we will give a tax break to any company in singapore that brings the back to danville. [applause] that is not going to change the world. but they voted against it. unopposed as -- romney opposes it. i did not get these guys. they make massive cuts in medicare throwing 19 million people in distress off of medicaid including 1 million seniors, roughly 75% of whom are women.

how did the think these people in nursing homes are there/ who do they think pays for that? 75% of those elderly persons in medicare in homes. they are there because of medicaid. what are we going to do with that? doesn't seem to be a problem for them all. they made massive cuts in social security for the next generation. you'll get $2,700 less if you're in your 40's. that is how they are going to save the economy. massive changes to health care -- once againallow me insurance companies to write the rules. "you have cancer. you have hit your limit. you're on your own."

"we can charge you more because you are a woman." you would think i was making this up. that is what they are proposing. they wanted to turn medicare into a voucher system. [boos] they will tell you you not be affected but we're waiting to get these next guy's coming. come on, man. this is not on the level. in my neighborhood, nobody minds chipping in. i heard a congresswoman up in north dakota say, everybody has different obligations. she said, if you were sitting in church and because of the

heavy snow and the roof collapses, you don't expect the janitor in the department store to pay as much as the owner of the department store to fix the roof. janitors do not mind contributing. everybody knows it have to beat in on the deal. -- you have to be in on the deal. you hate being played for a sucker. the american people know they are being played for a sucker. it is all and the service of maintaining the bush tax cut for the wealthy, the top 1%. these are the facts. tom knows these side down and inside out. $800 billion of the tax cut.

key will think i'm making this up if you don't listen hard. $800 billion will go to people with a minimum income of $1 million. $400 billion will go to 120,000 households. $400 billion going to 120,000 household while we cut medicaid, while we cut education, while we cut infrastructure. on top of that, romney comes along as does the congressman and says, we need an additional tax cut for the job creators. i'm serious. we need an additional $1.6 trillion for the job creators.

i said they are good people and they'll do not need this. additional taxge cut of $250,000 per year. this is a big price tag for the middle class. the nonpartisan tax policy center put out the price and said it was awful high. they said if the tax policy comes into law, the average middle class family with children will see a $2,000 increase in their taxes to pay for this. and he calls the president out of touch? how many of you have a swiss bank accounts? raise your hand. hey, man, how many of you have significant millions of dollars

-- we do not know how much -- invested in the cayman islands? oh, man. you guys are out of touch. how many people think you can run for president of united states and not let the american people know what your tax returns are? [applause] this is not even mitt romney's father's republican party. this is a different party. not bad, different. i have more to say but i am saying too much already. these guys get me going and you

will have trouble translating all this. she'll have tendinitis' by the time she is finished with this. [laughter] let me try to sum it up. president and i have a different vision for america. it rests on a growing middle class,raising its tenants for elementary and secondary education. -- the standards. making sure there is still health to get to college. keep in the 2500 tax credit to send your kids to school. maintaining the pell grants. we are the leading manufacturer in the world. we see an america where my granddaughter has the exact same rights as my grandson in every single way. [applause]

we see an america where women get paid the same as men for doing the same work. [applause] we see a country when you get crews the ill you did not have -- grievously ill, you don't have to go bankrupt to take care of to go yourself. we see a social security system protected. medicaid is available for people in distress. and medicare fulfills its original mission. that is why we strengthen the program, extended it by eight years and we did without cutting a penny in benefits. we see an america where all we maintain the only sacred obligation of the government and that is to care for those who come back, the veterans that come back. [applause] we see an america where no millionaire place at a lower rate than the average middle class person. we see a nation with the middle class tax cuts get cut and

everybody pays their fair share when the middle class is no longer played for a sucker. look, the fact of the matter is that as the president said, this is a make or break moment for the middle class in america. literally. it is clear. no one could question what the parameters of this debate are. i haven't even talked about foreign policy. thesen't talked about dyes that want to keep 35,000 troops in iraq and want to disagree with nato and turn responsibility over to the afghans. theven't talked about what supreme court will look like after four years for civil- rights and civil liberties for

four years of a romney administration. i have not talked about so much. the one thing i have not talked about andi will end with this. presidential elections are an almost every circumstance decided by the voters on one overarching question -- does the man or woman i'm going to vote for have the character of their convictions? do they mean what they say and do what they say? [applause] ladies and gentlemen, on that score, this isn't even close. the reason we will win is my buddy, my friend has it back a lot like a ramrod -- has a backbone like a ramrod. [applause]

i've watched my friend make the most difficult decisionshe is made the most difficult, decisions since roosevelt and lincoln. i watched him and never wonhe is never put his political fortunes ahead of what he thinks is right for the country. [applause] i have watched him stay with his position and not waffle. this man has more character in his little finger than most people have in their whole body. [applause] ladies and gentlemen, you have to help us. we got to finish what obama started. we have to finish this recovery. we need a-- to stand with us. youwe need to go out there and make sure that with you, we can win north carolina again. [applause] if we do, we win the election. god bless you all and may god

protect our troops. thank you. [cheers and applause] >> four more years. four more years. four more years. four more years. ♪ ♪ [roll with the changes]

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♪ ♪ ♪ ♪ ♪ ♪ ♪ >> i forgot one thing. i forgot to introduce your next congressman, general douglas. he knows how to lead, right there. >> new jersey governor chris

christie will be the speaker in tampa florida at the republican national convention. >> david sherfinski writes for "the washington times" inside politics blog. why did the rnc select governor chris chrisitie to be there as speaker at the upcoming convention? >> governor chris chrisitie ever since 2009, virginia and new jersey are the only two states to have off-year elections. he and bob mcdonnell were almost instantly across into the spotlight in 2009. -- thrust into the spotlight in 2009. he is brash, republicans love him. in last month he asked a reporter are you stupid? he is not afraid of taking on either democrats, teachers' unions, what have you. that is what they needed at the republican national convention where earlier act of the primaries, you had a very

divided republican party. by the end, you really need someone to rev up your base and get you ready for the last two months or so. >> in your reporting, you wrote that governor chris chrisitie is viewed as a rock star among republican conservatives. is the mitt romney campaign looking for him to set that sort of town at the convention? >> the interesting thing is that in an interview with "usa today," governor chris chrisitie said he would focus more on mitt romney's accomplishments and his time as governor of massachusetts, his work at bain capital. rather than attacking barack obama which is thus far been the default mode for the gop. it is an interesting choice. you would think governor christie would be the attack dog which i am sure he will be in part and but it also might

present a shift in the tone and strategy of the mitt romney campaign. -- a keynote speech at a convention is often seen as a springboard. what are governor chris chrisitie's aspirations? >> he is at the top of governor romney's vice presidential pick list. he always says he is not ruling out a presidential run but it is not in his plan that this time. his name has to be out there for 2016 a long with people like jbe bush -- jeb bush. it seemed like he is rather ambitious but also understand that may be it is not quite his time at which is how he phrased

it when he said he was not going to run this time around. >> the other news was the selection of senator mark rubio of florida to introduce governor romney as he accepts his nominatin. is this used as a consolation prize for senator rubio because it was not elected to the vice presidential pick? the estimate on the campaign rubio? question. i am not sure i would describe it as a consolation prize. to be given the honor of introducing your party's presidential mommy at the republican national convention is a big task. the mitt romney campaign sees marco rubio almost in the same as paul ryan. he is young, intelligent, very conservative. he can reach into the hispanic

community which is very important and that the florida and tampa with the convention is being held. he will certainly be a top circuit for governor romney regardless of whether he was giving the keynote address or the job of introducing governor romney. >> david sherfinski writes for "the washington times." you can read his reporting online. thank you for joining us. >> thank you. [captioning performed by national captioning institute] 2012] >> some key dates coming up -- the republican convention will be in tampa and the democratic national convention in charlotte. presidential debates will be held in october all leading up to election day, november 6. we will have every minute and every speech from the conventions live on c-span and our campaign website, c-

span.org/campaign 2012. >> 11:00 eastern on c-span, the heritage foundation looks at the effects of the budget cuts on the national guard. at 8:45, a discussion about the u.s. at the center for strategic studies. the center for american progress looks at the housing crisis and how the presidential candidates will adjust the problem. live coverage begins at 10:00 eastern. up next on "washington journal," we will talk about the wall street perspective on the republican ticket and the federal budget. also, we will talk about vice- presidential candidate paul ryan's proposal for medicare and medicaid and we will discuss the bloomberg article