>> and i think it has a profound effect on the institutions we regulate. they're under far more pressure to. r pressure than other pressures. >> benjamin lawsky, let us have you on the show every day. that is all for now. i will see you back here tomorrow, 4 p.m. eastern. "the ed show" is coming up next. good evening, americans, welcome to "the ed show." live from new york, let's get to work! >> here in the senate, we don't bear any commercial logos, many senators might as well wear -- >> if 80% of the people believe that the deck is fixed against you, then america dies. >> -- evolving into an oligarchic society. >> half of the american

corporations were paid 330 times more money than the average. >> corporations get everything. ordinary people get nothing. >> corporations are people, my friend. >> it is what we believe american democracy is supposed to be. >> but they don't wear coat and jackets. they display it proudly for their actions in the u.s. senate. >> you're alleging harry reid is abusing his power. how? >> good to have you with us, folks, thanks for watching. we'll get to the story in just a moment. i want to tell you "rolling stone" magazine is reporting late this afternoon and quoting several high ranking sources within the administration that president obama has all but made up his mind on the keystone pipeline and he's going to say no. more on this later in the broadcast. but i want to start with a chart tonight because it's always

about the money, isn't it? the old saying in business is you can't either p.r. it's about the money. it's your money. it's your disposal income. that's what driving the economy. well, our new chart tonight. this isn't real pretty. we always talk about canada and the united states. our ally to the north. and of course, the keystone xl pipeline has brought a lot of conversation to the two countries. just how are these two countries doing together? ooh, we have a difference. this isn't pretty. this is the median per capita income after taxes in the united states and canada between 2000 and 2010. 1980 and 2010. the difference here, a little close. out here. a big difference. the blue line is the united states. the green line is the canadian income. the american middle class is no longer the world's driving economic engine. in other words, it's no longer

the world's richest. median income in -- rose 20% in canada for the year 2000 to 2010. so the canadians have enjoyed a percentage of increase that we have not in this country. in the united states, it has gone basically unchanged. now, on the flip side we all know this chart. this is the 1 percenters. this is the vulture side. they're doing pretty good. in fact, they're doing better than ever. everyone else's wages where have they gone? well, they have flat-lined in america. this chart is a direct report of republican policies when it comes to deregulation, when it comes to outsourcing of jobs and concentrating the wealth. the rich are consistently getting richer and they want to keep it that way. what do they want to do? they want to have the supreme court ruling called citizens united. and they want to make hour we

can cons stray the wealth in this country. and citizens united has changed the landscape in this country. billionaires like the koch brothers have given free reign to buy congressional seats. and make no mistake, that is what has happened. their goal it to make republican candidates that will cater to all their requests. billionaires are spending hundreds of billions of dollars supporting candidate who will cater to the 1 percent. that's deregulation and outsourcing, money offshore. all of that stuff. this is what the billionaires want. middle class americans what do we want? we want a fair shot, right? middle class americans are being left out in the cold. politically, they're being isolated. now, republicreport.org is reporting koch-funded groups spent over $400 million in the 2012 elections. that's a heck of a lot of money. oh, but the unions, you know,

they spend a bunch of money. wait a minute, this is more than double the spending of the top ten labor unions combined. billionaires want a government by the rich for the rich. now, senator birdie sanders has said it's an oligarchy. he's the first one to come out and say it. some senators are kind of fighting back. harry reid he recently gave his speech on the floor that got a lot of criticism. >> everyone is entitled to their own opinion but not the facts. but i would guess the koch brothers have been able to buy the facts over the years, not paying any attention to whether they're true or false. the koch brother, able to do anything even exploit americans suffering from cancer to advance our campaign of extortion. mr. president, i'm not afraid of the koch brothers i'll do whatever it takes to expose their campaign, their campaign to rig the american political

system to benefit the wealthy at the expense of the middle class. it would be a terrible thing to allow the koch brothers to buy congress and to buy our country, and that's what they're trying to do. this discussion isn't just about the inherent danger in the two multibillionaires to buy america's political system. this is also about how these two multibillionaires would use our political system once they bought it it and how they would abuse it. in order to add zeros to the bowl line while hurting middle class families. >> what would motivate harry reid to do that? harry reid has seen a lot. he's been in the congress and the senate for 31 years. he's seen an awful lot of stuff. but he's never seen anything like this. this is leadership. he's taken a lot of conservative criticism. but if he doesn't speak up with authority, who's going to do it? you think other democrats are saying, harry, you got to get out and talk about this? of course, they are. 31 years and i've never seen

thing like this. that's the motivation, because it's awful scary. more and more people are becoming aware of the koch brothers shady backroom buying of elections. this has the republican party running scared. they rely on billionaires to fund their campaigns because they can't win on ideas. here we go, america's new empty suit. earlier rnc chair reince priebus attacked majority leader harry reid for criticizing the koch brothers. >> he's clearly using staff, taxpayer money, resources, website, computer equipment to launch partisan campaign attacks on the taxpayers' money. and that's a violation. harry reid is so dirty and so unethical that some of these things have to happen. you have to put a marker down and say wait a second you're not going to use a taxpayer website and a taxpayer twitter account

to attack republicans. where it stands now is in the senate ethics committee. >> so do you think republicans concerned about people or twitter accounts? let's talk twitter for just a moment. this is what john boehner puts out. he puts something out about obamacare, just about every day. fact, because of obamacare, two out of three small business workers will pay higher premiums. this is what boehner spends his time doing. of course, the empty suit is working over harry reid. reid is telling the truth, is this a lie. we reached out to senator reid's office for comment, they provided us with this statement today. republicans are lashing out at senator reid because he's been speaking out about republicans' blind obedience to the shadowy billionaire koch brothers as they work to battle the system

1%. republicans rushing that further effort when they koch brothers say jump, republicans ask how high? they do not align with average americans. >> what these guys, the koch brothers and our likely republican friends are talking about, they maybe reflect 10% of the american people. 15% of the american people. you go to conservative states, alabama, mississippi, go to oklahoma, stand on a street corner and say do you believe we should cut social security and cut medicare and medicaid and give tax breaks to billionaires. and they will laugh at you. nobody believes that. >> he's exactly right. when i'm automatic around the country, nobody believes that. recent polling from southern states show that senate democrats. they're not in too bad of shape. in fact, they're kind of poised to win. this out there that the republicans goring to take over the senate -- really?

in arkansas, senator mark pryor is leading by ten points. in north carolina senator kay haguen is he's lead big two points but she's not behind. louisiana senator mary landrieu is lead big 18%. and in kentucky it looks like ♪ minority leader mitch mcconnell could be in some trouble. in fact, deep trouble. he's leading allison grimes by only one point. and it looks like mitch mcconnell's 28 years in the senate, well, it could be coming to a close. we still have a lot of time left, right? average americans don't have the same values and they are certainly out of touch with billion they'res and their priorities. if democrats could motivate people to vote and have an historic turnout, the koch brothers could spend all the money they want, they're going to have a real sad november. but when you look at what is.

happening for voter suppression, the war on women, their money can be ill-spent. if it's in your heart, if it's in your belly, if you believe it, if you think that the american middle class is getting shafted, and that we're headed for an oligarchy, if that doesn't motivate you to vote, we should be out of answers. get your cell phones out. tonight's question -- do you think republicans care about reviving the middle class? tex "a" for yes, "b" for no. 67622. go to msnbc.com. let's bring in bernie sanders of vermont. senator, glad to have you with us tonight. >> good to be with you. >> do you think the average americans believe with the koch brothers ideology? the koch brothers present their case this is what america wants and we're going to make sure they get it? >> well, ed, to answer that

question people have got to know what the koch brothers ideology is. and this is what it is. in 1980, david koch ran for vice president of the united states on the libertarian party. here are some of the ideas that they espoused. ending, abolishing social security, medicare and medicaid. ending all form, of taxation. ending funding for public education. terminating the environmental protection agency. cutting back on virtually every program that helps low-income people. so do you think, does anybody think do most americans think it's a great idea to give more tax breaks for billionaires and millionaires at the same time as you decimate every single program that helps the elderly, the children, the middle class, working families and low-income people? you know what, ed, i think there

are very few people who believe that makes sense. >> well, if americans don't wake up, these are the people who are going to be running the country. that's what i think consumers really have to come to grips with. and the numbers are the numbers. i started this broadcast saying you can't eat p.r. there's always a number. it's always about the money. and the money is not in the pockets of the middle class right now. senator, how disturbing is this report in "the new york times" that we are no longer the strong economic engine of the middle class that this used used to have and it's now the canadians? >> ed, it's frankly, not a great shock to me. i mean, this is something we've been studying for years. the reality is that the middle class of this country that was once the beacon, the envy of the entire world, that middle class is gone. we have more people living in poverty in america now than ever before. and 95% of all new income is going to the top 1%. so that gap -- it's not even the

1%, ed. we're talking one-tenth of 1%. the koch brothers that you've been talk about, do you know what their wealth increased in the last year alone? by $12 billion, and we have 20% of our kids living in poverty. though this movement towards an oligarcy is going as fast as one can imagine. if people don't come out and vote and take on the koch brothers and the puppets they control this country is going to be in very serious trouble. >> and, senator, when you go around the country and you talk just like this to crowds, how do they respond? >> what can i tell you, i mean, i think the overwhelming majority of the american people support an agenda that protects working families and the middle class. and not millionaires and billionaires. >> and do the southern senate polls surprise you a little bit? >> no. you know, i don't. i think if we have -- my concern

always about democrats is they are not tough enough, not strong enough in standing up for working families. and in taking on big money interests. frankly, you're going to find a lot of people in the tea party. it's not just occupied wall street in the tea party who understand that the rich are getting richer at the expense of everybody else. we need to talk those issues. >> so we have seen an attack on labor for the last 35 years in this country. we've seen outsourcing at a torrid pace. we've seen trade agreements that we can't do a reversal on. and we've seen this oligarchy movement takes place. elections being bought. i was just down in florida yesterday and it's amazing how much money is being thrown at a republican primary. have any republicans stood up against the koch brother and even sounded the alarm in any stretch of the imagination that this is a scary trend for america's economy? >> i mean, some they have, ed. i can't say definitively.

>> i mean, we never hear them talk about the middle class. >> right. >> they just rip on the president and the democrats for jobs but they never talk about the economic engine, exactly what is. happening to american families. >> look, they're on a gravy train right now. you know, ed, if you're a republican out there and you know you got the koch brothers who are prepare to the spend literally as much as they need to. these guys saw their wealth increase by $12 billion last year. what is a couple billion dollars for senate and house races and a presidential race? it is nothing to them. so if you're a republican and you're going to be a beneficiary of that money, are you going to criticize it? what we have seen for the country is people coming to the floor talking about how good the koch brothers are. >> this has to be the narrative for whoever is going to run in 2016. i mean, this is the vital issue. and if the democrats can't have a big turnout now i don't know

when they can have it. i have a sense that there is going to be a big off-year midterm election turnout. i feel very confident about that. >> i want your closing comment on that. >> you're absolutely right. this is the political issue of the time. but this is the future of america. do you really want to live in a country where a handful of billionaires control our economy and our political life while the middle class disappears? that is the question of our time. we've got to stand up and fight back. >> senator bernie sanders, great to have you on "the ed show." remember to answer tonight's question at the bottom of the screen. share your shots on twitter, @edshow. like us on facebook. coming up musical inspiration from the welfare cowboy, get ready for bundyfest. plus democrats into the midterms. "trenders" is next.

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time for "trending." social media nation. hook right up on us. facebook.com slash ed show. twitter.com/ed show. and msnbc. on the radio, monday true friday, sirius xm radio and podcast at we got ed.com. we're reporting top trends vote on by you. >> if you build it, he will come. the number 3 trender -- burned. >> for years we have paid all sort of burn fees. >> rules out the fools. >> america better wake up if you're going to live in this

country with any freedom or liberty. >> we have achieved a whole new level of freedom. >> this is on our freedom and sovereignty. >> on september 5th, we're going to begin bundyfest. >> a festival that bundy wants to bring burning man. >> 240 bands playing all night and all day, trying to cross scenic bundy land. >> does this guy know how to party or what? >> we should mention there's going to be no bathroom facilities. >> has the whole world gone crazy! >> number two, cashed in. >> they call him the outsider. >> he has never held public office. never been there, never done that. >> winning with more than 38% of the vote. >> curt clawson's cash helped him slam dunk in florida. he spent money to gain recognition and it paid off in a monumental way. >> if you have millions of

dollars it's clear you can buy a congressional seat. >> i don't understand how money can buy an election. >> welcome to the golden age of citizens united. and today's top trender -- connecting the dots. >> kinect is here and it's working. >> more than 413,000 people now have health care coverage. folks, that's almost 10% of our kentucky population. >> kentucky's health care success is a boost for democrats. >> i think more democrats are beginning to change their narrative. >> we've got to go out there and first of all emphasize what we believe. >> there are a lot of people who are quickly learning this can be a positive thing. >> this thing is working. >> governor steve beshear. governor, good to have you back. obamacare has been vilified. do you think there's any relationship to the fact it's

calli calling connect? >> the main thing is the product. when all of that information came out as that exchange opened up, everybody was wondering what's going on. i have to hand it to kentuckians they decided to find out for themselves. they went online, they went on the exchange. they called the toll-free number. and by golly, what they found they loved. we've now signed up 413,000 kentuckians for health insurance. about 75% have never had insurance before. it's their first time. >> a new parole shows your approval rating is 56%. where down in louisiana, bobby jindal is sitting at 40%. do you think your acceptance for lack of a better term, quarterbacking this whole thing is done for that?

>> we've done some polling, ed, when you use the phrase obamacare, they poisoned that phrase, the critics have. so that turns people off. but when you talk about the affordable care act, you talk about kinect, you talk about the benefits that are involved in this whole thing, the numbers start going way up. and people here in kentucky, quite honestly are proud that we became a national model for the nation. our health benefit exchange worked like a charm. and people all over the country and all over the world were bragging on kentucky. so i think that had something to do with it, too. >> are democrats misjudging red state residents when it comes to their acceptance of this law? >> i think they are, ed. i've said all along, that i believe by this coming november, people are going to look at the affordable care act than they looked at last november, because of all of that misinformation that was out there. people are finally understanding for about 80% of the population,

it doesn't even affect them one way or the other. the other 20% are getting signed up, and they like what they're finding. >> they do. we're seeing this all over the country that this is not the big boogieman that everybody has made it out to be on the conservative side. now, another number i want to put out, alison grimes is running for mitch mcconnell's seat. she wants to fix obamacare, it's go to be a heck of a race. if it holds true where what you say that obama care is going to be this fall, this race makes it very interesting. your thoughts on that. >> this race is going to be very competitive. allison lundgren grimes hasn't spent one dime on the television yet. and the republicans and the 527s have been pounding on her for a year, of course, running the ads for obama and her up at the same time.

and that race hasn't changed one percentage point. she still holds a very thin lead. that tells us something. the latest poll i showed showed president obama with about a 34% approval rating in kentucky. well, guess what, mitch mcconnell has about a 32% approval rating in kentucky. we've got 413,000 people who are very excited about having affordable health care coverage. they vote, and i can't imagine that a senator mitch mcconnell is going to walk in and tell those people that he's going to take their held care away from them. if he does, which is what he's saying right now, i think it's going to boomerang on him. >> governor steve beshear, great schaub. you're leading wait. appreciate it. coming up fighting chance, american steal. big labor is paying close attention to president obama's trip to south korea. leo girard explains what's on the line. and later, new developments against the fight for the

keystone xl. members of the cowboys indians alliance join us live from their camp at national mall. next, i'm taking your questions "ask ed live" just ahead on the msnbc show. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪

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diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*? welcome back to "the ed show." love the questions, love hearing from all you viewers. appreciate you e-mailing and tweeting them in. "ask ed live." my first question from nick. this is a great question, are 61% of americans wrong for supporting the keystone xl pipeline? yes. they are wrong, in my judgment. the reason why this number is 61% and why it's not 70%, what it used to be, is because the information is now starting to get out there about how damaging and how dangerous this pipeline will be. and i think that that is not a good number. considering where it was, a

month from now. that could be somewhere around 55%. so, yeah, i think 61% of americans are wrong for supporting the keystone xl pipeline. and i think that number is coming down. there's many so much misinformation. and there's been such a campaign to makes sure this goes through but the truth will win out. our next question is from cordell. cordell wants to know you can give us an update and tell us how wendy is feeling. well, wendy is my lovely wife and she's a cancer survivor. ovarian cancer. those ct scans have been perfect for a year. my girl is 100%. thanks for asking. i'm courtney reagan with your cnbc wrap. the dow fell 4 points. the s&p off and the nasdaq sheds 34 points. new home sales plunged 14.5% in march hitting the lowest level in eight months.

shares of facebook, higher after hours after earnings in speed estimates. company says its cfo is stepping down. and apple shares rallying after its better than expected profit report. that's it nor cnbc. we're first in business worldwide. our priority has always been saving the day. because our priority... amazing! ...is you! the amazing spider-man 2 delivered by the united states postal service. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you.

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welcome back to "the ed show." late this afternoon, "rolling stone" magazine updated a report saying that president obama has already made his decision on the keystone xl pipeline. two high-level sources in the obama administration told "rolling stone" it's not a matter of if he'll reject the plan. it's a matter of when. the only question is the timing of the announcement. the environment, of course, is a huge topic in debates around the country for the upcoming elections. four republican candidates in a

north carolina senate race were asked in a gop race last night if they believed climate change was a proven fact. all four candidates said no. in alaska, democratic senator mark begich is out with a new ad touting his support for oil drilling in the artic ocean. >> for decades they said it would never happen. there's no way the department of interior, the epa, noaa, national democrats and the white house would ever allow oil drilling in the arctic ocean. i'm mark begich, i've fought for five years to get the permits so we could drill under this ice. and we won. approved this message because sooner or later, washington will figure out that they don't take no for an answer. >> these are the people who are going to be in control of the government, right? they have no idea what the people who really care about this environment what they really want. and it's simple, all you have to do is take a look at what's happening in washington, d.c. right now. the cowboy and indian alliance,

a very interesting group of americans from all political spectrums. we're talking about ranchers, farmers, leaders of seven native-american tribes hosting a week-long protest making a statement against the keystone xl pipeline. joining me now tom jennen, a nebraska land owner and the rosebud sioux tribe. weezy-pond, i want your response to this "rolling stone" report and how encouraged are you that they're reporting that the administration, two officials in the administration is saying that the president, it's not a matter of if, it's a matter of when. how does that set with you tonight? >> well, obviously, we're very pleased to hear a statement like that. of course, we have to wait for an official decision, and we're going to keep up the pressure. we're going to keep educating the federal government.

educating the administration and educating the americans about how bad the k xl pipeline is. it's an encouraging statement, we hope when all set and done, and a final decision made that the pipeline is rejected. >> and wizipan" will sacred sites be affected if this pipeline is constructed? >> yes, it's going to pass over a large portion of our ancestral land. and it's going to be land that we hold in trust. and all land is sacred to us. and we're very concerned about the proposed pipeline and the impact it's going to have with the ability to work with our land but also other impacts, such as economic and social impacts as well. >> let's talk about that. tom, i want you to respond to this. transcanada is running a reverse of ads that started today in

nebraska called "straight talk about kxl." this one talks about the alleged economic benefits of in nebraska. here it is. some of it. >> in nebraska, i'd like to now how will the keystone xl pipeline benefit us? >> economist ernie goss found that building the pipeline will inject $1.8 billion into the local economy and money to build parks, roads and schools. >> transcanada has been doing business in nebraska since 1992. we've been contributing to the local economy for years. keystone xl means those benefits will simply benefit through numerous jobs. the first is the actual construction of the pipeline through the community, those construction-related jobs that follow on with the construction of the pipeline. the goods and services that are operational. there's the maintenance-type jobs that go with it. >> tom, i want your reaction to that ad, from what you can hear.

>> well, of course, i add this, it's a first time that i've heard that version. but we've heard many versions of advertising and different speeches that have been given to elected officials. our county boards. and the like of that. and oftentimes, the information that's given out is pretty well exaggerated. so, anything that has to do with the economics of the local community, that's all fine and well. and but, you know, at what rink, you know? and we've gone along with the idea that the possibility of damaging the aquifer, no matter what the reality might be as far as benefits, it only benefits one company. and those investors. and the question is, what would

happen to the agriculture industry alone if the aquifer were damaged. so i don't know if that really answers your question, but that's kind of my quick response. >> well, i appreciate that, 30% of agriculture in this country is affected by the ogallala aquifer. and tom, i understand that your mother had a negative interaction with transcanada. you can tell us that story? >> well, at the time of the original, if you want to call it that, the original proposed route, my mother-in-law was forced into, or she felt forced into signing an e. easiment. and it was under the threat of eminent domain. and you've heard a lot of those stories. >> sure. and so, the threat went on, because once she signed the easement, she realized that the nondisclosure agreement, which she referred to as a gag order,

didn't even allow her to feel like she could talk to the rest of the family about what she was going through. and it was definitely a threat. >> okay. wizipan, what else can native-americ native-americans, the sioux indians do to get this response across? and i'm interested in what kind of response do you get from americans seeing the tepee camp you have there on the national mall? >> well, the tepee camp is key to getting our message out. we're here on the nation's capital, and the national mall. house to and thousands of people coming by every day. obviously, they're interested to see what's going on. they come over, and we strike up a conversation and we tell them why we're opposed to kxl pipeline. the reaction we're getting, a lot of people don't know, they

simply don't know about the kxl pipeline and the negative impacts it's going to have on our people and the rest of the country, for example, most people don't know this oil, it's the type that they can make a company risk and it's going to go to interests overseas. not a drop of this oil is going to be used for american energy independence. most people don't know that. >> so, do you feel like you're winning people over when you get a chance to talk to them when they come and view the tepees? >> absolutely. american-indian culture is a part of the fabric of american life. you know, american-indians served in the u.s. military. they rate higher than any other ethnic group in the country. we've shed blood for this country. and i think that when people get a chance to talk to us, to hear our story, it resonates within them as a deeply american story. >> all right, tom gegung and also wizipan, great to have you

gentlemen with us. there's going to be a march on said. i will cover that for "the ed show." coming up, president obama's trip to asia and the fight for the american steel industry. leo girard president of the united steelworkers join us. and the punch. stay with us. or that she maxed out her card during spring break. when the satellite provider checked his credit, he found out his daughter didn't pay her bills. but he's not worried. now he checks his credit report and score at experian.com, allowing him to keep track of his credit and take a break of his own. experian. live credit confident. [ female announcer ] we eased your back pain,

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welcome back to "the ed show." this is the story for the folks who take a shower after work. president obama arrived in tokyo, japan today as part of a seven-day, four-country swing through asia. he stops in south korea on friday, which is going to be a big stop. the trip comes at a critical point in the stalled talks over the proposed transpacific partnership. president obama is expected to use his time in asia to make a push for progress, but back home the tpp faces tough opposition. the american steel industry has suffered the fallout of bad trade deals in the past. most recently, the u.s.-korean free trade agreement. proponents claimed the pact would expand u.s. exports and create u.s. jobs. it didn't happen. instead, it's estimated the united states lost an estimated $385 million each month in exports to korea. this works out to a cumulative

loss of more than $9.2 billion in u.s. exports under the fta's first two years. folks, bottom line, this has been a big loser. every trade agreement has been a big loser for american workers of the middle class and the numbers show it. but it's a lot more than just numbers. >> why do you think you got laid off? >> well, from everything that i've heard, the orders are slow, mostly because foreign markets were pushing pipe into our country and into the world market at a cost at less than what we could make it. i mean, if we have to sell a pipe at a certain amount of price so that our company remains profitable and our union workers keep working, and there's companies and countries selling that pipe that meets almost up to what our quality specifications are, but they are selling it at a considerable cost less because they are using non-union labor, you know, child labor, whatever their country deems they can use to build that

same product, as corporations in this country in a capitalist society, they are going to buy that pipe and save themselves money because of their profit margin. and in doing so, it's reduced our orders down so that our mill's working at a creeping pace, and a lot of the younger employees like myself are now unemployed. >> joining me tonight, leo gerard, president of the united steelworkers international. good to have you with us tonight. this stop that president obama is making in south korea, what are your expectations? clearly, this isn't working out for our steel industry. >> well, let me say first before i answer that, ed, that i think we got to put a few facts. last year we had 32 million tons of steel imported to the u.s. last year, that was a huge number. so far this year in the first two months we've had an increase in that of 25%. we have over 4,000 steelworkers that have now had to apply for trade adjustment assistance. we have 1,000 steelworkers since the decision by commerce have

now received layoff notices and have reduced hours. so i expect the president to go into south korea and tell the south korean government they need to stop dumping into our market. 78% of the dumping it or the still coming into the u.s. is coming from china and south korea. we just set a record this last two months of steel coming from south korea and other parts of the world into our market in two months. last year we had 32 million tons in. if we keep this trend up, we'll be close to 40 million tons. this is destroying the american steel industry. >> it's destroying the american steel industry, so you're going through layoffs, going through reduced hours, correct? >> that's right. >> so -- >> and the reality is -- sorry, go ahead. >> go ahead, go ahead, the reality is, what? >> the reality is, more and more people are losing their jobs, and as i said before once, the steel pipe doesn't come out of a furnace as a pipe, it comes out as steel, so if you're not

making pipe, you don't need steel. if you don't need steel, we can't run at capacity, that drives up the unit cost. then we don't need coal, don't need iron ore, don't need limestone and the scientific ingredients going into making steel. that's why 4,000 steelworkers last year had to apply for trade adjustment assistance. these trade deals don't work. i don't know when american politicians are going to come to their senses and say we're not against trade, just against trade that destroys jobs. i'm damn fed up of it. >> how should the president handle this? should he tell south korea you've got to stop dumping this on our market, how would the president deal with this? >> well, i think first of all he's got to explain to them what they are doing is wrong and tell them to stop. he's got to go back and tell the commerce department to use the right form of calculation, then when we come home we have to make sure we don't have rotten

trade deals. i'm not against trade, i'm just against trade that destroys jobs. in our trade laws in the u.s., we have to lose jobs first before we can prove that we've been hurt. the steel industry last year lost over $1 billion. we're the most productive steel industry on the planet. we can make steel at less than one man hour per ton, we have the highest environmental standards on the planet, and we're being asked to compete against countries that cheat. they cheat. enough is enough. you don't need to let them keep destroying american jobs. no fast track, no more trade deals. let's sit down and do what's right for the workers and working class in the country. >> this is going to be an interesting dynamic for the president. he does not have the president behind him on fast track. finally, if the tpp goes through, is this going to be worse on the steel industry than what it is right now? >> ed, let me just say, there hasn't been a trade deal that in the last 30 years that has made it better for american workers.

every trade deal has cost us jobs, and i'm sure this trade deal would be no different. we need to stop it. >> that pretty much sums it up. a big trip for the president, no doubt about it. leo ge regarard, appreciate you time. "politicsnation" with reverend al sharpton starts right now. good evening, rev. >> good evening, ed. thanks to you for tuning in. i'm live tonight from miami. tonight's lead, the gop's extreme candidates. are they dragging the gop down with them? in state after state, republican candidates are so conservative, so far out there, that democrats are actually in a strong position. certainly better than the gop's been predicting. and a candidate in north carolina may just become the poster child for gop extremism. remember this clip from the movie "dr. strangelove"?