tv MSNBC News Live MSNBC November 19, 2010 3:00pm-4:00pm EST
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most frank exchange of views i've ever seen. i think that's a good thing. this would make since sense they are the opposition party, they should fight the republicans. let's see if he understands that or if he's still confused on which side he's on. john harwood is live in washington with the facts. so what happened inside there, john? who is on what side? who is urging him to fight? who is urging him to compromise? >> well, there was two different meetings. there was a meeting with the leadership of the house and senate. nancy pelosi, harry reid, dick durbin, steny hoyer. and the meeting where bill nelson went off was just of democratic senators. the president wasn't there. one thing that happens with an unsuccessful election and a scary political climate, they're trying to figure out what is the right way forward?
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how much do you fight? how much do you compromise? and they are vastly different views for the right of the democratic caucus like bill nelson of florida and to the left of the democratic caucus with bernie sanders of vermont. very different strategies urged by both of those sides. >> so obviously the key thing here is where is the president? the progressives are saying fight the republicans. the conservative democrats are saying, let's compromise. where does the president stand? >> well, we're going to find out. the president decided to pick that fight. not accept it when jon kyl, the republican lead negotiator on the treaty says we're not going to vote on that. we'll see if the parking light w president we'll see if the president wins or loses. and democrats still haven't exactly worked out what their strategy is, how they're going to approach it. the white house shares nominally the position of nancy pelosi and house democrats, which is to
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permanently extend the tax cuts for those under 250,000 and let them go away for everybody else. we know the administration signaled they'll compromise if they can't get it through the senate, they don't have 60 votes for that, then do you end up on a temporary extension? that is where they end up. but they haven't spelled out the road map on how to get there. >> so the president on the issue of tax cuts seems to be for compromise. let's talk about the politics of that. if the president was on the progressive side and all the democrats were united, couldn't they say, hey, the republicans are holding up the tax cuts for the middle class. but if they're not united, doesn't that leave the house democrats on their own to say we're fighting this, but even the president is not on our side. >> the democrats may do that in the house, but they're not going to control the outcome. and, yes, you could fight, not win, let the tax cuts expire.
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everybody's taxes would go up. then you have a blame argument. democrats would say, oh, look at the republicans. because they're so insistent on giving rich people a tax cut, they're raising your taxes. the republicans would say the administration is so intent on raising taxes that they wouldn't go ahead with what we said, which is no tax increases. the chances are, the president gets the blame. we'll see. sometimes as in 1995, '96, bill clinton managed to stick on republicans the shutdown. there are tactical disagreements, strategic disagreements. the white house hasn't yet defined what their strategy is going to be. >> one last thing on that, john. if they're split, the democrats, they're almost certainly going to lose that blame argument, right? because the republicans will turn around and go, look, even the president or some of the senate democrats don't agree with the house. so it must be the house that held up the tax cuts.
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doesn't that put them in a terrible advantage if they're not united? >> yes, but they may lose anyway if they're yiunited because the don't have 60 votes. they'll have mark kirk of illinois sworn in. democrats will only have 58% of the votes in the senate. they need republican help to get anything done. if they can't get the republican help, they can be totally united and not get done half of what they want. >> so some of the democrats have started going after the republicans. the republicans have been doing it for quite some time. the president seems to be in the middle. is that where the country wants him to be? is that a bad place for him to be? and how serious is that new war within the democratic party? let's bring you guys in. chris, let me start with you. is the internet civil war within
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the democrats that we're now talking about a good thing that that cig naales some democrats are willing to fight the republicans? >> i'm not sure it's a good thing. from my perspective, the american people sent a message, whether democrats want to hear it or not. there's a game of political chicken being played right now by both sides. that means smart politics to some. but american people aren't going to buy it. it blew up in our face on election day. so sometimes you have to step back, you know, let emotions die down a little bit and think about the political reality. that's not happening really well on either side right now. >> i have to kind of disagree with you there. the republicans said for two
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straight years, hell no, hell no, hell no. we're not working with them. they totally won. >> well, there's a fundamental difference when you're the opposition. this is the challenge in power. let's say you don't want to go the bipartisan rout or the other side doesn't want to play ball. then there's a greater obligation than those who are in the white house and democrats in power to communicate those policies to win people over. let's be frank about it. we didn't do a good job at that. we did a terrible job, the consequences of this election. there's a new reality that we must realize and confront. that doesn't mean we have to sacrifice principles. but we have to be smart in terms of strategy and messaging. >> okay. look. i have to be honest with you.
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i'm not buying it at all. if you didn't do a good job of messaging during the campaign, here's what might help, arguing for your own position. which this president seems reluctant to do. let me turn to robert. if the president says, hey, we got to compromise, and we have to give tax cuts to the rich because the republicans are demanding it, doesn't he undermine the democrats trying to fight against the republicans? those democrats aren't going to stand a chance? >> yes and no. a, what do you believe? b, what are you willing to stand for? c, what do we believe as a group? look, the president has to lead. he now realizes that the hand that's been dealt to him is a liberal democratic caucus in the house, and a moderate senate. thus in the process he has to work with both of those faks, and on top of that he's pledged to work in a bipartisan fashion with the new sheriff in town.
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he's in a pickle here. rightfully show. so. he's challenging the democratic leadership and says, look guys, we have to work this out. we cannot go on record as raising taxes if for middle class and the rich when the economy needs a shot in the arm. in the process, it appears he's trying to hold the feet to the fire to the moderate democrats and say look, i understand we have to vote for some type of middle class for the rich and also obviously for the middle class. but he's also trying to curtail the more liberal bend of the democratic caucus in the house in saying look, hold your nose. the reason why is if we don't, we're going to have more disastrous results in 2012. >> i don't believe that for a second. they held their nose for two years and they got killed in 2010. if they hold their nose for another two years, they're going to get killed worse in 2012.
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>> but remember the stakes are much higher in 2012. you know that. >> so go on a losing strategy because the stakes are higher. robert made a good point about leadership. the president is supposed to be the leader. i don't know. these guys want me to do this. these guys want me to do this. is this guy ever going to lead? >> well, that's a great question for me to answer. listen, here's the brutal political reality. the political reality is the president is the leader of the country. and as a leader of the party and the country, he has to set the tone. he has to make clear where he stands on the issues. whether the tax cuts or don't ask, don't tell. then you can have either side fight where the compromise may be. but the way the game was plied for the first two years where
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the white house strategy was not to draw the lines in the sand sand and let's see what happens in congress, i'm not sure it's going to play well. it's going to be a tough two years. i believe you have to find ways to compromise and find a reasonable common sense solution. but at the same time, he's got to make clear what he believes, and what he's willing to fight for. >> i can't believe we don't quite know that. leaders lead by leading. robert, last question for you. now, the republicans say the president has to meet us half way. very simple question for you. what are the republicans, if anything, are they willing to go half way towards the democrats? >> they may go on record as saying maybe $250,000 is too low. perhaps maybe $500,000. maybe a million l i think they would be willing to compromise on that.
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it's a little bit of give and take. you have to acknowledge this. the map has changed for 2012. not only for president obama for re-election, but also 24 democrats up for re-election come 2012. they have to look out for their own hides. the republicans know that, and so they have the upper hand. >> it may help looking out for your own hide is making your positions clear and saying, i kind of agree with those guys. will you vote for me now? you're breaking news here. if he doesn't give tax cuts, that's something. okay. >> you know, cenk, that is a really smart compromise. it boxes in the republicans in terms of messaging. how do they oppose that? i would love to see their answer. >> that will be interesting. great conversation. thank you, guys.
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when we come back, should relief afghanistan immediately? should we arrest the top anchors in the country. those fun questions get answered, and a pastor urges his congregation to get the hell off of facebook. that's next on msnbc. teaming up to bring you a low-price medicare prescription drug plan called the humana walmart-preferred prescription plan. it's a new plan that covers both brand and generic prescriptions and has the lowest-priced national premium in the country of only $14.80 per month and in-store copays as low as $2. when you could save over $450 a year, you can focus on the things that really matter. ♪ go to walmart.com for details.
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a transition to afghanistan responsible that begins in 2011 with afghan forces taking the lead for security across afghanistan by 2014. >> i don't think so we can stay there for five years with 100,000 american forces, 150,000 nato forces combined. 2014 is now a date that has agreed upon. nato as well as the afghanis. that doesn't mean we'll have anywhere near 100,000 troops in in 2013. that they seem clear on where they stand. which is a good thing. jack jacobs joins me now. he's a military analyst and a medal of honor recipient. it's awesome. >> it was awesome. it was 42 years ago. >> it's amazing. afghanistan. some people say we have to go large, and say we're staying there for a long time.
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disspirit the taliban. tell them we're coming for them or just go home schlt that the right way at looking at at it? >> i think it is, as far as the electorate is concerned, you really only have two choices. you have to decide what the objective is first, start the end and work backwards. the electorate already said that. and politicians don't do that to their great peril. so this president decided he's going to lee at a certain time, organize it with some of nato and decided to make the announcement now. it is going to take a long period of time if we make headway. general mcchrystal said it. he got fired for saying it in public. but it's going to take two decades and maybe lots more resources than the american public is able to put in there. >> i was telling general
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m mccafrey. 2014 seems like it's right in the middle. >> he's got a political problem as well as a strategic military problem. if you were to make military decisions in the absence of any political influence, you would do things very much different than for example going into iraq in the beginning with so few forces wasting a decade of time of something we could have been doing in afghanistan and putting ourselves in the position that we are now. the president is in a difficult position. he has to say, we're getting out or we're staying there. and he's decided that we are getting out. >> some of the generals seem to disagree. they seem to want to stay longer. not until 2025. they want to stay until 2014. today the pentagon says we stay to the end of 2014. which is really 2015. why do they think we should stay
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there longer? >> they know we are fighting an unconventional war. we're fighting an asymmetrical war. we can't just pile on and bring lots of troops there and just expect to annihilate the bad guys and have them give up. this is not that war. as a result, the way we have to fight it is to train the afghans. we're going to have to do good works locally. we have to empower tribal leaders. that takes time. we have to train all these people who have never been trained. that takes time. that's why they're saying it's going to take a long time. but the president is motivated by huge political imperative. not just strategy and he's going to say i can't wait forever. i can't tell the american people we're going to keep this for the rest of their lives. >> i disagree with all of it. i don't think it's ever going to work. you could stay there until 2025.
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you could stay there until 2500 and afghans will fight you because you're in their valley. that's what they do. the more people you put in the valley, the more they fight you. >> as long as we have a strategy with a unified government governed from kabul, you're right. we will fail. if you work with the strategy that you empower tribal leaders in local areas and give them the possibility of rejecting al qaeda, then you will be successful. that's going to take time. when the bad guys were driven out of afghanistan originally, in what, 2002 or 2003, it was done by and large by the afghans. by the northern alliance. then we did not emphasize the fact that we've been successful. we wound up failing. >> i was originally in favor of the afghanistan war. and like you said a while ago, i was like, please, fight over there. that's where al qaeda is. >> that's what the president said. >> right.
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now that was ten long years ago. it's not the same war anymore. kaid is not there. they're in pakistan. >> oh, pakistan. >> tell me about pakistan, and number two, what are we doing in afghanistan? >> you're asng me what i would do? >> yes. >> look, the war is really in afghanistan. the bad guys are in pakistan. they're on the border over in the northwest territories in pakistan. the pakistanis won't go in there. we're being very successful there as a matter of fact. this president, and i'm not the guy to say that this president has done anything correctly as far as strategy is concerned. but he's put more ordnance on the top of bad guys on the board r between afghanistan and pakistan, has killed more taliban and more al qaeda people. has targeted the bad guys more than anybody else. if we keep doing that. we may be successful. not in making afghanistan a free
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democracy, that will never happen. you're right. if we keep doing what we're doing in the northeast of pakistan, the northeast of afghanistan, the north northwest of pakistan, we may be able to destroy the enemy. i think that's what the president is trying to do. >> i agree with you. pakistan is where the real fight is. the president is fighting him real hard. some progressives don't like the predator strikes, et cetera. but he's going after the real guys. that's good. we all agree on that. but we have all of these troops and all this expense in afghanistan. is that simply just to bottle them up in pakistan so they don't go back on the border? >> no, it's strictly political. the president of the united states half way through his term, getting ready to campaign for his next administration cannot stand up politically and tell the people in the united states that the war in afghanistan is lost, and i'm pulling them out. he ain't going to do that, politically.
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>> well, i think people would love it. if you stood up and said i have four letters for you, o-v-a-h. it's ovah! . right now, he would win re-election with a landslide if he did it first. >> powerful advice for the president. thank you. we really appreciate it. >> you're welcome. up next, are the top banks of the country committing wide scale fraud? matt taibbi joins us to tell us how you may be getting ripped off by the most powerful banks in the country and why the government is allowing it. also tina fey is censored by pbs. will they admit it was a mistake. and i have a special message for the first lady. plus a pastor goes after facebook. why? we'll tell you. come right back.
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it's better when you add your flavor. coffee-mate. from nestle. i'm hampton pearson with your cnbc market wrap. here's a look at stocks with 30 minutes left in the trading day. the major averages mostly flat to slightly positive. the dow down four points. the nasdaq up barely one point. chairman ber bernanke is striking back at critics of the $6 billion bond buying effort. he spoke today at a banking conference in germany. shares of general motors slipped on the second day of trading. gm stocks dipped as low as $33.11 today. that's more than 3% under yesterday's closing price. that's it from cnbc first in
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business worldwide. cenk, back to you. >> thank you, hampton. now milissa rehberger is here with a look at t the ne news headlines. the president announced the nato plan for afghanistan in lisbon a short while ago. >> just as we have full agreement on the concept, tomorrow our nato allies and the afghan government will work. our transition to full afghan lead between 2011 and 2014 and the long-term partnership that we're building in afghanistan. >> the president's statements come on the heels of an announcement from the pentagon, calling the withdrawal from afghanistan aspirational. the settlement will provide $635 million. it means an end to most
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litigation over the city's failure to provide protective equipment to construction workers, police and firefighters who cleared rubble after the 9/11 attacks. only about 500 workers who were suing the city declined that offer. the tsa will allow airline pilots to skip some physical security checks at airports. pilots have complained about being held up in airport security lines with travelers and forced to go through screenings. the tsa says pilots traveling in uniform or on airline business will see immediate changes in their screening. police confirm a suspicious package found in an airport was part of a security test. the package was found near bags bound for germany. authorities discovered the bag on the same day that germany raised the terrorist alert level. germany said the bag was part of a test created by an american firm that did not contain explosives. back to you, cenk. >> some of that news makes me angry. aspirational. get out. get out. get out.
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thank you, milissa. not you. you know stay. >> thank you. you, too. >> thank you. look, if you think you've heard the subprime mortgage story, you ain't heard nothing yet. you're about to hear is both unbelievable and may represent the largest fraud ever perpetrated on the american consumer. 820,000 americans have already lost their homes this year due to foreclosure by the big banks that caused the economic collapse with their predatory lending in the first place. it's true that some home own rs had it coming, because they signed mortgages they couldn't possibly pay. but many more are being kicked out of their homes because they want to process foreclosures as fast as possible. even when proven the homeowners paid mortgages on time and the the banks can't produce the paperwork that they own the mortgages. matt taibbi wrote the current issue. the title says it all.
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invasion of the home snatchers. how the courts are helping bankers screw over homeowners and gate away with fraud. a lot to talk about, matt. first, let's talk about the original problem. how did this problem start in the first place? >> way back in the day when you took out a mortgage loan, you did it with a human being, and they weren't going to give you a mortgage if you were an unemp y unemployed drug addict. they weren't going to make money if you didn't have income. >> let me stop you there. that bank has all the incentive to make it a good mortgage. >> two things happened. first they invented a process called securitization where you can take a bunch of mortgages, put them in a big bucket, chop them up and make them into securities. that was the first part of the
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problem. the second thing is they invented these fancy derivative tools like ceos that allowed them to take the buckets and divide them up into tiers where you had aaa ratings on what were sometimes entire buckets of subprime loans. it's complicated. but the essence of it is you could take subprime loans and sell them off as triple-a rated securities. credit risk almost zero. you took something worth very, very little and sold it as something worth a lost. >> the second talked about bad loans making them more money. they have now downside, right? that's an incentive to make as many mortgages as possible. tell us why the worst loans got them better returns? >> well, the more risky the loans are, the higher rates of return that they pay.
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so that was the bottom part of these deals. that was sold quickly to investors. but the triple-a portion, the key is you take subprime loans and sprinkle fancy math on them. sell them to pension funds, foreign trade unions, sovereign wealth funds and ultimately the taxpayer. this scam involved taking stuff worth nothing and selling it to investors all over the world that didn't know what it was. here's the critical part. when the banks knew they weren't safe. >> right. >> that's where the fraud comes in. right? >> right, of course. >> so now they go to foreclose on the fraudulent mortgages and commit a second layer of fraud. tell us about that. >> well, after these banks sold off the fraudulent loans, and just as you were saying, most of the banks knew the stuff was going to blow up. they knew in some cases there
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was only 1% equity in the deals, there was no identification or half the people in the deals didn't have jobs or any real income. now they're trying to foreclose on the properties. they never did the paperwork after they sold them off to those people. why bother? you already committed fraud and dropped it off on somebody else. legally they had to. they just didn't do it. >> so they're incentivized to make sure you fore foreclose as quickly as possible. that means you can close up the loans and be done with that. that gets rid of your fraud quicker, right? >> yeah, that's part of it. and they don't have incentive to work it out with the homeowner because they owe the investors
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the entire amount of your mortgage. so they yoe the other 30% out of your own pocket. their incentive is to foreclose as quickly as possible. >> if you read the piece, it explains how some of the mortgages don't have signatures. some of them, the mortgages are made up. it's obvious they're made up. >> there are amazing cases. i saw one case where the bank said we are the owner and holder of the note, and we have lost the note and are una and are unable to locate. >> here's what drives a lot of people crazy. you can see it. we can see it. it's obvious. that means the government can see it. why is the government helping the bad guys instead of the people they're supposed to help? >> there are two reasons. on the local level, a lot of them are retired judge who is are not used to seeing this. back when they were active
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judges in the day, they just didn't have these sorts o f problems. they're used to reflexively accepting the arguments of plaintiffs and banks. they're used to the idea that people owe money and they shouldn't be in their homes. the banks and the fed, we're all owners of billions and billions of dollars of this stuff. but we're going to find they're worth five or ten cents on the dollar. if people investigate, we may have another crash. there are overinflated assets everywhere. >> we bought billions of dollars of this stuff during the bailout. we knew it was bad. we bought it anyway. >> real quick. last question for you. you're talking fraud. should the bankers get arrested?
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>> absolutely. the only person who went in was bernie madoff. each one of these were a little bit of bernie madoff. all are a ponzi scheme. it's essentially the same investor fraud. nobody has gone to jail. >> because bernie madoff ripped off rich people. you don't want to do that. that will get you in trouble. that's no problem at all. it's a great piece. now coming up next. a politician who doesn't know when to quit and apparently can't do math, which is probably a lot of them. tina fey is also senscensored b pbs. are they ready to apologize for it? and a pastor who thinks facebook is corrupting his flock. [ female announcer ] how well did total effects body wash shape up for good housekeeping?
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now, let's take a look at a few stories that stood out for us this week. first out of the gate, thousand shall not facebook. a new jersey pastor tells church leaders to get off the social networking site or get out of his church. he says it's ruining marriages and he's not taking it anymore. it's facebook versus the holy book. and it's on. sherrod small from vh1's the short list joins me now. >> i'm back. >> let's start with this story here. does that make sense? they're reaching out. like a lot of people are coming out. they're old sweethearts. >> the past is right. facebook is a player hater. if you have a spouse always on facebook, you're spouse is cheating on you.
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if you don't want to run into people you knew in high school and now you have access to them, it leads to destruction. >> does that happen to you? >> no. i'm still on myspace. >> that is not true. >> me and four other people. >> that won't get you in trouble then. by the way my take on it real quick, what are you going to do? you going to stp them from going on twitter? facebook makes it easier. but if you're going to cheat, you're going to cheat. >> it's hard to be christian and have all this technology. i can't be tweeting and facebooking and still be faithful to my wife. >> on the the other hand, you can say twitter made me do it. >> how about tuling back on the collections? one less collection plate for the pastor. >> on the next one. the elections are over, but some people haven't gotten the memo.
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he beat lisa murkowski in the primary, but now he's lost in the general election. miller challenged 8,153 votes that went to murkowski. even if he won every single challenge, he would still lose. but joe miller doesn't do math. math also has a well known liberal bias. so he's refusing to concede. >> joe miller is embarrassed. he lost to the first person to win by write-in election for senate seat, and he came along the mayflower. he wept on twitter and said i'm buying my furniture. oh, what should i get? now you're staying home, dummy. good for you. >> sherrod is not unclear about tha that. >> least the new senator will know how to do math.
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they were awarding her for brave come by. viewers didn't see the speech because pbs was scared what she said about palin was too controversial. i'm not buying this at all. now pbs, and i love this, our bad. they should not have edited it. and if they did, they should have told the audience. >> i sent money to pbs. i thought they were sponsored by people like me. but apparently it's people like sarah palin. how powerful is this woman? she can change tina fey's speech. earlier she breaks brandy's heart by keeping her daughter on "dancing with the stars." sarah palin can't be stopped. >> that wasn't right. the whole country is mad about that. and you give her a mark twain award and then edit it. >> they're scared of sarah
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palin. i never saw o so many people scared of a white woman before. she's the scariest white woman in america. >> sarah palin comes out in her new book with a comment. certainly her wife expressed the view when she said that she never felt proud of our country until her husband started winning elections. in retrospect, it shouldn't surprise us since both of them spent almost two decades in the pews of jeremiah wright's church listening to his rants against america and white people. >> fight, fight, fight! . them sound like fighting words to me. >> sarah palin is hot right now. she's like jay-z's first album. if she comes out against you, you'll get pulled off of television. so i say i'm pro sarah palin. >> now you're doing a rant that's pro white feel. >> pro white people. everything balances out.
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>> i think this is the second time we chant fight, fight, fight in the show. sherrod, always to have you. >> the turk and the jerk. >> check out sherrod small on vh1. we appreciate you joining us. >> up next, i ran into michelle obama last night. i'll tell you the message i wanted to give her. it involves that chant. the duracell mygrid™. simple and smart. it's mygrid™. from duracell. trusted everywhere. think you can only charge one thing at a time...? consider this: drop & go charging for up to 4 devices at once... the duracell mygrid™. simple and smart. it's mygrid™. from duracell. trusted everywhere. that saves you hundreds of dollars a year. it's called the new humana walmart-preferred prescription plan.
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last night was my wife's birthday. happy birthday, baby. we went to a broadway play, the story of a person challenging the ruling powers of nigeria and trying to bring change. guess who showed up? michelle obama. she got a standing ovation when she came in and i stood out of respect. but the whole time, i was dying to ask for real change here in america.
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even though she was in front of us, i never got to deliver the message i wanted to. lucki luckily, i'm hosting a national television show, so here we go. can you please tell your husband two things? one, we elected him for change and i'm beginning to think he doesn't know what we mean by that. why do you think so many are now leaving him in droves? they were expecting him to do the same thing progressives wanted and the same thing we agree on. change the system. i often hear the president talking about how he couldn't do more because he couldn't get 60 votes or did the best he could within the realities of washington. he might be right, but we didn't want thoim accept washington as it is, we wanted him to change washington. we don't want the lobbyists to run the place anymore and unfortunately, they still do.
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can you please ask your husband if he realizes that? he seems to be trying so hard to please everyone in washington but that's the opposite of what we want. if he's doing his job right, entrench powers in d.c. should be lived with him. if they've happy, you're on the wrong path. we want you to turn their apple carts over. all these people got to where they are within this system. they're motivated to protect it. you should be storming their castle. you are the president. you have the power to do it. we don't. that's why we elected you. now that lead to my second point. mrs. obama, please ask him to fight. don't fikt for sake of being disagreeable or seeming like a tough guy, fight for us, for the average guy getting screwed over by system and those who are in power in d.c. and the banks of
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new york. you're our representative. we need you to fight for reform, fight against the powerful. fight to protect us. fight, fight, fight. please remind your husband that's what we elected him for. thank you. and that's what the tea party people want out of their people, too. they told john boehner, you better not get rid of the office of ethics reform. they don't want the same old stuff. republicans, democrats, liberals, conservatives, we agree with it. mr. obama, please, that's what we elected you for. if they're sitting there -- happy as they can be, you're on the wrong path. please, that's the message we're trying to get across to you. that's why you have conservatives on your side and you've got to do you believe financing of campaigns say if you're in government, you can't work for lobbyists for ten
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years. if you do that and fight that way, then we'll fight for you and together, maybe we can dare to hope. i'm cenk uygur. the dil"the dylan ratigan show" next. hey, lawrence, my parents want to talk to you. oh. about what? uh, they don't really think you're an exchange student. what? they think you're a businessman, using our house to meet new clients in china. for reals, player? [ woman speaks chinese ] they overheard a phone call. [ speaks chinese ] something about shipping with fedex to shanghai. and then you opened a bottle of champagne. that was for a science project. [ man and woman speaking chinese ] i'm late for...soccer... rehearsal. [ man speaks chinese ] you and i are cool? i'll be home by curfew. [ male announcer ] we understand.® you need a partner who can help you go global. fedex.
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