tv [untitled] October 22, 2010 11:00pm-11:30pm EDT
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we need to the pension bill the french senate passes a bitterly contested law to raise the retirement age from sixty to sixty two after days of nationwide strikes including located the oil refineries which led to fuel shortages across the country the final word by the way cuban president sarkozy's radical plan is next week but you didn't say it's not time consider those right and some. russian duis agree i'm going to start as the world's greatest not the course takes minutes but there's no concerns between the two on how to combat it also is demanding more action from a so called boxing trafficking as russia is the number one a victim of the al been drugged. and the pentagon has been done to the whistleblower website wiki leaks for releasing a four hundred thousand secret u.s. military documents revealing explosive details about the iraq war the files contain berta a callous of torture and civilian killings involving american and iraqi forces during
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this seven year long paid. now america's investigating trade with china california preparing to vote on legalizing marijuana under water american military recruiters won't tell you the post-traumatic stress disorder suffered by u.s. military personnel from current campaigns that send lots more all in their view and a show coming up next from our washington studio. for the we've got. the biggest issues get human voice face to face with the news makers. but can they alone a show at the real headlines with none of the mersey are coming live out of washington d.c. now as world finance ministers meet before the upcoming g. twenty summit the u.s.
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is already finding itself in a little bit of trouble timothy geitner asked other countries to agree on a more fair way to balance the local economy only get bombarded with negative feedback so could this move have been a little too little too late business insiders joe weisenthal will join me to discuss the push and pull between china and the u.s. then just as california is about to vote on legalizing marijuana the d.o.j. has announced that it plans to vigorously enforce federal law and arrest individuals with pot so is the federal government saying that they're going to go against the will of the people to carry out their anti-drug policies that everybody knows don't work and are they going to arrest the entire state's going to have matt welch on from reason and next we'll continue our look into the methods used by military recruiters nerdy told you how they entice young adults with great benefits and leave out the nasty realities of war but why do recruiters seem to be able to hide their efforts from parents and the general public will speak with a d.c. based counter recruiter organizer on that issue and thank god it's friday because
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we're bringing you a mash up of the craziest political stories to make headlines this week george w. has a trailer out for his new book and a study shows that intelligent people drink more which is great news as far as i'm concerned the slots these are going to be here to rehash those stories at the end of the show but now let's move on to today's top story. who doesn't love a good book even right if you've been watching any of the political ads in this campaign season there's a lot of people out to get us but a new ad fear mongering about china well it really takes the cake take a look. ways of the boys ya the ways we tell me obama. will she love. me. legs.
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maybe with old bullets you we got a case. like that one. so i think. we salute you k.c. combat. zones you have my sleeve on. a. wall and six hundred. change the future to join citizens against government waste to stop the spending that is bankrupting america. are you guys terrified yet didn't you know that if we don't stop spending we're going to turn into china salacious and i find that extremely funny because china actually put out a six hundred billion dollars stimulus plan and it helped them get through the global recession but now this ads and put out by the group citizens against
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government waste and they're already running into a few problems you see cable networks have refused to air the spots citing the fact that it could spark xenophobia or racist sentiments really really now you guys are concerned about racism what about all the anti immigrant or anti muslim ads that you there anyway that's for another day now let's go back to what's ahead for the global economy. in preparation for the g. twenty that's going to take place in seoul south korea in november finance ministers holding two days of meetings with the hopes of setting a framework there's one little problem you see they don't seem to be agree on much timothy geithner wrote a letter today suggesting a proposal to set limits on surpluses and deficits to a percentage of output essentially creating a way to pressure countries like china who's got a hefty trade surplus to let their currency appreciate but instead of broad support geithner was hit with pushback from countries like japan germany and russia they
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are not keen on numerical limits and what one delegate called planned economies think it or outside interference in what the chinese consider to be internal matter so as geithner's attempt to rebalance the global economy and make everything fair which was his own word just a little too late joining me from our studio in new york is joe why does why isn't all the deputy editor of business insider joe thanks again for coming on the show now if this were your think they should have expected a little pushback here and a lot of countries out there they're kind of betting benefiting from the fact that their currencies can be lower right now what do you think people are going to say if he wants to all of a sunset numerical limits. yeah it is a little surprising that he went about it this way i mean i guess maybe the thinking on his part is yes we know that the pushback is going to be hard that countries that rely on exports and have huge current account surplus is are going to be uncomfortable with that but i guess maybe there's the speaking in washington
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that the soft approach has failed that this is just talk and putting you know verbal pressure on china not really doing anything has really gotten anywhere so rather than look for some other solution they're actually just doubling down with a much more aggressive hard approach maybe they think the other countries will meet them in the middle i kind of doubt it and the response this weekend or that are we've already seen makes it look like they're definitely not going to be meeting us in the middle but who knows maybe that's what they were hoping for now do you think that he's also being a little transparent here because you know his language if we're talking about countries with large surpluses then you have saudi arabia you have russia you have germany that actually have the largest surpluses china isn't off their those top three but you know i think everyone is getting the sense that china is really the target really the enemy here. it is a really trance current and it almost came of as a little desperate i thought this kind of plea it's a little sad for the country that the treasury secretary has to send this pleading
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email or start letter. pleading letter to other countries hoping that they would unilaterally sort of weaken their own export economies to benefit the united states the whole thing actually just basically made me depressed about where the u.s. is right now well what do you think of this whole concept as it were the german finance minister called a planned economy with a little too much stating for intervention involved is that a dangerous path to start going down. it is i mean it's not just state intervention it's international organization intervention and basically would be establishing a brand new international economic law the funny thing is the governor is actually resuscitating an old idea that was first proposed by john maynard keynes he foresaw this problem actually and worried about countries establishing gigantic trade surpluses and he didn't like the potential for imbalances and of course keynes is already associated with aggressive intervention by government so this would take it
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to the next level not just intervention by the state but by international organizations regulating how trade and currency flows work well so what i love to you is that geithner's vocabulary that he uses you know he did an interview with the wall street journal and he said that there's no established sense right now of what is fair and is the global economy supposed to be fair is that just a little bit of wishful thinking come on. you know there's never been a time where some centralized authority got to say oh this is fair this is a fair activity china obviously manipulates its currency but so do most countries and so does the u.s. and bernanke obviously has done a lot to devalue the dollar just by talking about quantitative easing lately so it is a game to some extent but the problem is with this line of thinking that geithner and the administration has is it almost gets them off the hook for the failings of the economy that we can point to substantive things that are wrong with the u.s.
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economy in terms of laws and regulations that may not be conducive to business to our poor education system which doesn't do a great job of turning out a lot of talented people those are actually substantive things that theoretically could be fixed so my big problem is this idea that oh if this this idea gets them off the hook that all these other problems would go away if only the currency system were fixed which i find very implausible well i mean the thing is you're not the only one that finds that right a lot of other countries gave him geithner a lot of pushback like we said so if this letter that he wrote if all of his propositions and of going nowhere then what is that going to mean for for america for the u.s. economy we're finally going to have to wake up and look at those substantive problems like you mentioned. i mean you'd like to think that right you would like to think that ok this didn't work let's address some structural problems in the u.s. economy i'm kind of pessimistic that that's what's going to have and i think if we don't get any movement on the currency front we'll probably get even more
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aggressive and you know the house passed a bill that would make it much easier for us to put tariffs on chinese imports the senate hasn't passed it but who knows it could at first i didn't think it was very likely that the senate would but now it seems like it is more likely and obama might be pressured to sign it so rather than really address any problems we might go further down this trade war path which you know the effects of that are pretty frightening what he would do you actually see as going into a full blown currency war like so many finance ministers presidents world leaders are now fearing. i don't know i hope not but i actually do think it's possible and not just sort of a currency war which is this idea of everyone trying to make their currencies weaker but it's seems very possible to me at this point that the u.s. congress could. you know pass some bill that obama feels pressured to sign that actually would begin the real like sort of trade you know what looks classically
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like a trade war higher tariffs higher subsidies for u.s. exporters and then that could get pretty nasty i think well what do you think is lastly you know i mean after the global financial crisis hit there were some cohesion among the g twenty countries right there was unity there this time around and saw what are we going to see on november eleventh and is it just going to be a bunch of divisive issues. it seems like yeah it seems like good definitely could be i'm not too optimistic. about cohesion on the part of the u.s. or europe right now would you know even within europe you don't have consistency you have uncle merkel talk about aggressive austerity while others within the same continent want to see more stimulus and what not so i'm not i'm not too hopeful that we're actually going to see much this time around it feels like the interests of the different countries are pretty far not aligned right now you know and i guess unfortunately all is not fair when it comes to the global economy joe thanks
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so much for joining us. are coming up next california is just weeks away from voting on prop nineteen which would legalize marijuana across the state but washington isn't having it they're reading the troops to move in and arrest a state of stoners we're going to have that well to reason that asean discussed the coming battle.
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you know one of the largest threats facing the u.s. military and its multiple wars abroad is the inability to find roadside bombs that is they are a major source of u.s. troop casualties in fact in two thousand and ten alone there were over one thousand successful bomb attempts up sharply from two thousand and nine so what the military do when they have a problem on their hands of course they just throw billions upon billions of dollars of the problem and they hope it works out and in this case it's nineteen billion to be exact that's right the pentagon has spent over nineteen billion dollars on developing bomb detection technology and so far they've learned that the best thing nineteen billion dollars can buy is a dog according to lieutenant general michael oates dogs are still the most effective at detecting bombs so much for all that fancy technology right you know it's really nice to see american taxpayer money hard at work really is just
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a singular example of the insanity of the pentagon's budget and the fact that while the rest of the world is cutting military spending one thousand billion dollars just to the pentagon something spent on failed research and development without the bag when i say you know the u.s. can continue to throw billions of this war but as you can see from this example of extreme waste money is not the answer in afghanistan and it never will. now do you remember when obama was still campaigning to be the president of the united states and a lot of people thought he meant it when he said that he would stop federal raids on marijuana growers in california the place where medical pot is legal now clearly that turned out to be a lie and now the obama administration has taken an even tougher stance making it very clear where they stand on the issue of marijuana and a letter to former administrators of the attorney general eric holder state of the d.o.j. it strongly opposes prop nineteen and said if voters in california do choose to
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vote for full legalization the federal government will vigorously enforce federal law and they're not even the only ones pushing for threats l.a. county sheriff lee baca said that even if the prop ass's they will have it will have no effect on their actions and they are not going to change their stance on criminalizing so clearly this raises a lot of questions regarding resources allegiance legality but i think what stands out the most is that the government is already warning that the will of the people will be ignored we're discussing with me is matt welch editor in chief of reason magazine thanks so much for coming back i mean that well first i guess let's start with the obama administration does this just make it more obvious than ever that they have a firm stance on marijuana i wish that all of my democratic friends would pay attention to this a little bit more closely the fact is in california jerry brown might be elected governor because of proposition nineteen even though he's against even though dianne feinstein is the chairman of the no on prop nineteen campaign and even
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though obama is sitting there saying that we're going to enforce you know we'll walk people up even if they think they're going to vote for it but still there's a feeling among young voters especially that now democrats are better on this they're not they are terrible on this obama is terrible on this obama the former stoner is terrible on this and this is just another sign they are willing to say to voters vote you know both the. sway or else you know we have the guns and you don't it's an appalling halling use of force to try to intimidate people before they vote well that's a do you think that this is voter intimidation because if we look at polls you know in september i believe that it was fifty two percent of voters that supported prop nineteen now just a couple weeks later only forty nine percent do you know a lot of people are saying it looks like the tide really is turning here so do you think it's because they're afraid the feds are going to run and arrest everybody that might have some impact on the l a times were used to work they reacted to
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these this you know obscene views of power by law enforcement by saying see that's why you should vote against it you know because you won't win this fight against the police power that's more important than principle of enforcing a drug war that no one believes is working or has any prospects of working in general propositions right before the election the undecideds usually trend against it because they're confused they don't like it but certainly there's a lot of scaremongering happening and it's not just by the government it's by newspapers twenty six of the top thirty california dailies by circulation have editorialized it on this proposition all twenty six one hundred percent this is like castro's cuba level of consensus are against prop nineteen and the arguments that they use are completely specious they completely state is and why do you think that is i mean why interest would it serve for these daily newspapers right rather smaller publications were not just talking the l a times here purposes it's fair for them to oppose prop nineteen well i think the lesson terms of what purpose it
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serves and more about what it can signal to the rest of the world that they are serious they're not a laughing stock in the words of arnold schwarzenegger and being other columnists have used that if we do this then california won't be treated seriously newspaper journalists and members of the elites however defined are desperate most of all to be taken like serious adults at the table and somehow if you say that this failed drug war which is ruined millions. wives and killed people murdered people is bad and we should abolish it today that somehow it makes you look like a stoner they're putting headlines on these things like thinking outside of the madness is not not acceptable for what it is in theory even management speak within your office but actually applied to stand up and say something semi revolutionary like this is a lousy law and it's immoral to keep following it let alone advocating for it that's too crazy for these people well the thing that i find really crazy here too is that we have this l.a. county sheriff who is basically saying that i don't care if the california voters
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and by the way as a california sheriff he's supposed to follow state laws that stay on the federal law and you saying that prop nineteen is going to change anything i don't care i'm still coming after you guys we have a rogue sheriff now that's taking on the states to eleanor's yes. who i know a little bit is an insane person i mean he he should be locked up preemptively so that we're all safer people and he's got a big heart against drugs of all sorts for a lot of different reasons and and the thing is people are calling him out on it people on the sort of fringes of drug policy debates will point out hey look in california you can force california laws states are under no obligation to enforce federal laws states are supposed to support state law says a constitution that kind of out of these kinds of debate is that you know federal law supersedes state law but we don't have to that would just you know if it doesn't in one at all is when you talk about what bombers but but states are not under obligations to send their own cops to enforce
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a federal statute about how health care companies should behave it doesn't make any sense the good news is that when the feds threaten to arrest people the feds only have fifty five hundred do you want action that is going to say is i mean the resources involve the fans can't even you know handle drug use now drug crime the drug war what's going to happen if this actually goes legal across the state of california and i don't the feds have better things to spend their money on. of course it's better things to spend their time on than to rush in and try to rest just a bunch of iron i'm assuming that a lot of the aren't going to be dangerous these stoners yeah i mean it would be a symbolic show of force is what they've done much of what they've done already with medical marijuana dispensary they have gone in and selectively reminded people that you still live in this graze own area where we can at will rage you and throw you in a human meat locker they would continue doing this and i think you'd be a fascinating question for obama and especially his young supporters in
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a place like california this is your president he's willing to put you to subject you to the possibility of prison rape because you unfortunately got caught smoking the same drug that he did but not only this is your president doing it mean this is the rest of america really sitting by and watching and being ok with that you know and i thought that something was interesting in terms of your writing here is that you look back to dr martin luther king jr you look back to give a thorough and you know saying that this is this idea of people peacefully of course opposing laws and then the guys with the guns come after them but then that might actually wake people up get this kind of counter resistance to it when you realize that your democratic government is acting in a militarized manner towards its own people do you think there's a chance that i do and i mean if you look at the population united states you know most people have been born after world war two have tried to stuff a majority of people in this country know that this is ridiculous to treat marijuana as if it's heroin as if it's
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a dangerous drug that's going to kill you cause overdoses is nonsense people realize this and know this in their hearts and so now what we're seeing first with medical marijuana dispensary is that oh look the republic doesn't fail when we have these things out there if this if the proposition fails which it might it's kind of a coin toss a quick point and we've got to have a quick yes or no is going to fail or pass i'm good i'm from california you're from california we're optimistic it's going to pass right i mean i can't i'm not saying anything. thank you so much about thank you are a sort of come on tonight show arizona's decided to move forward on executions and the problem is that the only u.s. manufacture is providing the drugs they need so they've decided to go abroad and find a non f.d.a. approved want and we have the next batch of campaign ads we have made them even more outrageous than the last we will one.
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every month we give you the future we'll do understand how we'll get there and what more. best in science and technology from across russia and around the world. on our jeep. you know it's been a little while since we alone shows done any fresh new campaign ads out of the elections just around the corner we decided the we would take the stereotypes to the extreme really is that whatever else is doing up first you've probably seen this ad from candidate ron johnson. there are one hundred members of the us senate
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. to several of them including russ feingold a lawyers that he signed to see a lawsuit so we have an economy and since there is zero main sasural and want to count it's no wonder we're losing jobs and piling up debt i'm not. pretty fancy drawing skills there but how would my opponent jenny churchill make her campaign spot take a look. right now we've got a little bit of a shipping problem illegal aliens are going across the border from here to here in limousines and liberals they try to tell you that this is a good thing because they do things like build my broom new swing new age home but you see there's a problem with that. because i don't pay them enough to actually survive so they need a pipeline of cash straight from the capital just to make it in this country that's
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why we need to build a wall a want that will keep them from everything that we hold dear in this country right now there are like cracks in our social services let's be honest they're like cracks in our society so what can brown do for you. i think you get the idea illions from destroying america vote for jenny. her. sounds pretty epic journey but guess what i'm not scared of that from my campaign ad for a show from my favorite candidate of the season christine o'donnell i'm not a witch. i'm nothing you've heard. i mean you. none of us are perfect but none of us can be happy with what we see all around us politicians who
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think spending trading favors and backroom deals are the ways to stay in office. definitely got me laughing but you know when it comes to which is maybe we should leave it to the best. i'm not a witch. i'm nothing you've heard i mean you see it with vigor. and though i come pretty damn close none of us are perfect none of us are have got a level of irish to give christine video a run for the money but you know what i think i can do even better. i'm alone and cops and yeah i'm a witch i chatted up we say but so what i don't resort to dirty smear tactics or spend foreign money to beat up my competitors. i just let the spirits guy you know a little voodoo never hurt anybody but you know it does hurt it's corruption so vote out the washington elite and let me.
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