tv [untitled] November 11, 2010 12:30am-1:00am EST
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congressman dennis kucinich joins me today to talk of the elections the federal reserve and the start treaty congressman good to see you as always thank you so i recently saw you on the o'reilly factor and of course you were asked about the elections and the results of the elections and you sad that the results are an indication that quote the american people are impatient is it that or is it an indication that americans aren't ready aren't willing to accept the policies that democrats are pushing through especially liberal democrats like yourself the policies that i wanted had been enacted we have a full employment economy we would have our children going to school tuition free we would have a universal pre-kindergarten we would have health care for all we wouldn't have any questions about this solvency of social security we would have america back to work
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we would be out of iraq and afghanistan those are the policies i was promoting that none of that happened do you want to not because i believe that the popular mandate which the president of the united states had. right from the moment of his inauguration in january of two thousand and nine was squandered. and instead of a program for immediate action to put the country back on its feet. we had a temper we had more concern expressed over the fate of wall street and the bonuses for wall street than we did on saving jobs and main street and the wages and main street look the things in this country right now the economy is very unstable people are worried about losing their jobs their health care their pensions their retirement security why wouldn't there be a revolt but if we if we look at the results again and you can't help but think
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that this is a reflection of the health care bill that president obama pushed through you know i was covering some of the local debates and folks who voted members who voted for the health care bill were demonized you know even if they considered voting for it and they didn't in the ad they were looked down upon you almost didn't vote for the health care bill because it didn't include the public option i mean isn't this an indication to you that america's youth are not interested not ready or just doesn't care that americans don't think that eight we needed a public option and b. it was the right thing to even even push the health care bill through i mean this was the major piece of legislation that obama was able to push through fifty million americans without any health care at all i didn't want reform only within the context of before profit system which is what president obama ultimately decided that he wanted to push for the fact of the matter is people are losing their homes because they can't afford to pay their medical bills where and out where else in the world does that happen except in the united states of america
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because we have a for profit system so i want to change that system now to say that the referendum is some kind of the election with some kind of referendum on liberal economics be very interesting if we had liberal economics what we have was a wall street dictated bailout was wall street dictating the terms of reform. was wall street getting their banks taken care of and main street losing jobs income dropping losing homes and that kind of situation with so much fear people are going to hold the party in power responsible which is what they did but does it shock you that with all these problems i mean the problems are all the same home foreclosures record unemployment rates millions of people without health insurance razor all clearly problems why do we have such different solutions to them. or the proposal because let me show you the data the level of analysis of this
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election is basically misplaced i'll tell you why because you have to look at the economics the structure of our system is wrong it doesn't work anymore for the average working person the american economic system when it comes to delivering to the practical aspirations of americans is falling apart look the economic system itself is the problem and the whether it's a democrat or republican in charge of it look it's a faulty vehicle right now we have to change the structure of our economy or people are just being dealt out of the economy what he would expect people to do their man well if that's so then are we going to have a political situation or do we already where you either have to be very conservative or a liberal in order to get elected that there's just there's no room for moderates anymore because like you sad you know when you try to please everyone you can't end up pleasing nobody not give you give you another possibility that if neither the
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democrats nor the republicans are able to deliver you're going to look at a new opening in american politics is that we're going to the tea party no it's not the tea party was i think a popular response to the insufficiency. of the government's not responding not non response or limited response to the economic crisis that was affecting main street to the tea party movement is born out of a lot of fear people prayed to everything and worked a lifetime to to get it's just slipping out of their grasp so you know government didn't really do enough now do they didn't that they did something they didn't do enough to stimulate the economy the two major parties here have a responsibility to the american people. and if they fail to deliver you know the democrats. have failed failed to deliver in two thousand. and nine and two
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thousand and ten and if the republicans fail to deliver in two thousand and eleven two thousand and twelve i think there's tidal forces that are move one way one year and another way another time those tidal forces are going to wash both parties out just watched you know watch for that to happen because people are not going to tolerate excuse making i predict that america will necessarily go through a kind of where we change our relationship with the world where we pull in our troops where we don't have this approach of wars in iraq and afghanistan we bring our troops home we start to take care of things here at home we look at the structure of our economy see how it's working for people i think that america has is going to have to go through a restructuring because frankly the way the economy set up right now it is against working people it is against the middle class well speaking of the economy the federal reserve initiating round two of quantitative easing and basically the
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argument here is that the federal reserve had to do what the federal government could have done and should have done but could you guys couldn't do that because of the gridlock because of the partisanship in washington d.c. would you agree with this assertion first of all we need to explain to people that the federal reserve creates money out of nothing it's a phenomenon called quantitative easing that's the lingo. they create money out of nothing they created they put it six hundred billion dollars and they give it to the banks who are then expected to somehow stimulate the economy the fed shouldn't be doing that the u.s. government should be investing in the creation of jobs to fit the fed help the banks with that but they didn't help main street there's no jobs there's no direct relationship between the fed printing six hundred billion dollars giving it to
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banks and jobs being created the federal reserve is not accountable congress can't even find out about its internal workings well speaking of that both you and congressman ron paul have been calling on more oversight of the federal reserve even an audit of the fed this isn't this has been a long drawn out effort by you to i mean is it going anywhere or will it go anywhere why are more people sort of concerned about what happens behind closed doors and one of the most powerful institutions here in america well for almost one hundred years no for ninety eight years the federal reserve has been a long unto itself it's been a black box which directs monetary policy in america for the benefit of a few at the expense of the many. we could have you know we could have great wealth in america but the wealth accelerates to the top and one of the accelerates the top the fed helps that happen the fed looked the other way when the subprime crisis was building when banks were were securitizing their mortgages and then going along
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with investments that were pyramiding the value of these securitizations when the bottom dropped out and people couldn't pay back their loans. the taxpayers got stuck with the bill the federal reserve knew what was going on they did not do anything about it because their responsibility. it is to wall street and to the banks the problem here is they also have a responsibility to maximize employment there was zero interest in that there are economists working for the fed who believe that a certain amount of unemployment is necessary for the proper functioning of the economy well they have jobs they can say that but we have people with college degrees people with ph d.'s who can't find work there's something drastically wrong in an economy when that's going on congressman you have been very adamant about improving u.s. russia relations yes you've been at the forefront of that at least in congress the
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start treaty was signed by both president obama and president in theater back in april it still has not been ratified why not well i think the fact that we had this highly contested election going on probably had something to do with it now what does that mean in the future i mean that's a very good point because a lot of the opposition as we saw to this treaty came from the republican party so does that mean that you know it's sort of dead in the water now not necessarily i mean i think the. the old thinking about russia has changed and the congress. has it it has. you know for the first time last year russia carcass was created and it was created for the purpose of building u.s. russia relations so i think that the start treaty. in the next senate. should
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have an opportunity for a hearing and for a positive vote it would be absolutely wrong for anyone to try to demonize russia at a time when we need russia's cooperation in order to limit the amount of nuclear weapons that are present in the world congressman thanks so much always an interesting conversation thank you very much. wealthy british style. that's not on. the. markets why not.
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come to. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kaiser report on our. a moment when the world has changed forever. thousands passed to nothingness. thousands wounded. man noon to suffer to enter the land. that was the first but probably not the last military uses of this weapon. call many more will be come. children in common get on in the future.
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to be soon which brightened if you knew about someone from finest impressions. whose friends don't totty don't come. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers on. so hosts a meeting of global powers as the group of twenty gather for a two day summit to talk about the economy and crisis prevention not topics up for debate or a shared recovery and currency wars. ballance breaks out on the streets of london as students protest against a hike in tuition fees and the government it says has broken its promises
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demonstration resulted in dozens of arrests student leaders and politicians have condemned the pradhan turn of events. setting a fantasy and us pulls out all the stops to recruit soldiers some veterans warn that youngsters are being drilled into the army under false pretenses they claim video games and ad campaigns don't portray the reality of the truth not causing any to this they become disillusioned. with the very latest sports news underwear follow from finished in the russian premier league unit that's exactly right a massive game last night carrie underwood's gone the way of saskia moscow we'll have a look to see what that means in just a moment. if your company this is sports today i'm you know me are headlines. all to play for
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a system moscow dollar and leaders in need to ensure a frantic last fortnight in the russian nearly. all of them are one of your league's pre-season favorites c.s. gas mileage to win up was seeing all. games. one step at a time almost a year since bob's started. almost lost her life in a training accident speaks to. her hopes and dreams. the game doc could yet to find the russian premier league season took place in some petersburg last night but it wasn't a healthy option for home sides a neat with the table toppers stunned three won by fellow title chase. victory well it would have handed sydney the title with three games to go had to win to stay in with a shite and not subject to help in the muscovites inflicting only a second the feet of the season. opened for the visitors after fourteen minutes
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with a long range cracker mark and then capitalise on a goal keeping hollar by jeff and off with thirty four minutes on the clock. interval good work from their love put see do be away from cool numbers three eight minutes after the break game over the need to. consolation through alice on the run in stoppage time but the night firmly belongs to the army. so let's have a quick look at hogg the result affects the top of the table as i mentioned a moment earlier victory for zenaida would have seen them crowned champions for the second time. but c.s. because wind sees them rise to second still in with a shot of glory themselves into the other automatic champions league spot ahead of reigning champions. because onside moscow occupies the europa league berths the local motifs just outside the group qualifying on goal difference.
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probably the most anticipated clash of the english premier league season to date also occurred on wednesday evening the buffel of month chester city versus united one of eight top flight fixtures on the day huge buildup but the game itself didn't live up to it. the emirates doing little to bolster either side's title credentials united remain second four points behind leaders chelsea with city in fourth chelsea themselves want to west london derby against full liverpool could have finished a night right side of the top four but ended up looking to escape with a point. block burn while arsenal put wolves to the sword to move to with an up point of my new arsenal venders charges third. moving to the hardwood where it's taken a while but last recorded their first win of the europa league season the army men
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finally coming good to see of group d. table toppers union a limpia from slovenia resuscitate their slim qualifying hopes in the process but took up a seat for this one. it was a must win game for it says scott as they found themselves in the boredom of group d. after their first for a games while i leaned big game to mosco as group leaders in war and beat him in the euro league the season and the army man made their intentions clear right from the off they were foolish concentrated in the fans and dominated for bones as a result says scott conceded only five points in the first quarter we need tween tee to five the home side then kept increasing their lead to see over field goal percentage and they were up by twenty in the second quarter but after that me great inconsistency of this guy showed up and be a warrior go to cut the deficit this free points are from the slovenian scott the
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gap to seven points hopefully for the final quarter but say skiles leaders kept their composure helping them to mean these games john gordon what they key figure in the court yet again was fifteen points and nine rebounds. we needed a win and we came out and play well and you know. something we haven't gone away. from the point of attainment of good deferment was a big force is difficult when you have a lot of the same system for five years and then a couple of players and. key players just at that and then obviously the coach with the new system everything completely different so it takes a while to change and understand their philosophy but we're trying we're working hard every day and you know like i said hopefully this is stuff for us to get better to sixty five to fifty five for the final score that say sky get their first year early queen and a new coach to take over your share each but there are still seeking their best
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form and need to improve their game if they are to get to the last sixteen of base competition but instead of og are. now the twenty third of november two thousand and nine is a day that will stay with us. scores of a forever the russian of bobsleigh a racer was left clinging for her life following a high speed collision during a training run in germany but now almost a year and thirty operations later the athletes cannot start to look beyond the doctor's office the twenty two year old was speaking to r.t. and weighed in states courts of his physical recovery is well on track but that's just one part of the rehabilitation process psychologists are also spending time with her it was fierce course for would lose a leg during surgery but she is now expected to make a full recovery three times synchronized swimming a live picture. the executive director of the russian olympic committee were on hand to offer their support scores of herself was focusing on the future.
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but there you see that at the moment because i'm really into the recovery process of course it's tiring but going from doctor's office to another is most difficult but the fact that i'm getting tired means that there is something to look forward to and it's kind of the rush. of. who is the head of the athletes commission along with the olympic committee of russia will obviously continue to support we're actually planning to hold several auctions where the proceeds will go to athletes like but preventing such accidents from happening is equally important. that brings us on to ice hockey we're team russia coach because has promised to foster more aggressive style from his players ahead of the euro tour the first leg of which kicks off on thursday with russia taking on hosts finland in the car yeah like up or over for done ian has more. probably the very best players in the kontinental hockey league that's the way the russian national us hockey team head coach we just love week of the fun he scored the twenty three who are heading to
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finland for the korea look up twenty ten now the first event in the new season's international calander with. our policies to get the very best place for all the euro to advance the point is that we need to bring our victorious mentality back plus we have to test new connections and tactic models were full of optimism and looking forward to starting the new season. statistics for team russia is more than convincing they've been geared toward champions four times in the last six years as regards to the carling cup in particular this return will jam bands have been dominating the band since two thousand and six over the team's recent defeat seem to matter much more than the above mentioned wins at the last world championships russia last czech republic in the final at the last winter olympics russia was thrashed by hosts cound in the last eight something both the bounce and teams
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bosses would never like to repeat the russian even increased which we're entering a new four year limbic cycle and this is then the main point but now we aim to upgrade our game system make it more aggressive and fast it's a common trend for the world's leading teams and we want to keep pace with them and with the team russia must keep its leading role and dominates any event it takes part and it will keep in mind it's one hundred fourteen such olympics and we just can't let our bank over break down happened once again. an exercise is over and the team skipper. is the only one who stays for another session. or flashbacks might be the reason for him to do so and gain weight takes to be tougher superior we've always aimed to play aggressive hockey switching fast from defense to offense but we need to be even better although we must easily get used to the new system it's also a matter of your ability but the coach just told us that it implied faster lines change but the facts are patient. always.
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means three. championships. well. on this championship but. the big six with patients. doesn't matter with. anything else. it's been a pretty long time since team russia won its latest major title the twenty nine world championships they seem to be very hungry quince and give their all to taste glory again robert for the new r t moscow region. brings us finally to motor sports where a muscle weekend awaits fernando alonso is seeking to become only the fifth mom in history to win three four and won the world titles the spaniard in the driving seat for the abu dhabi race but three other men can still claim the chron alonso holds an eight point lead over his nearest rival mark webber of red bull that means he is
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truly in fields to win in the u.a.e. alone so would only need to finish fourth to claim the title even if whoever does win the world trying would still be alonso if he come second also with a chance of champion status are especially in vettel lewis hamilton but whatever the permutations ferrari's aims are said. we don't have to make very difficult calculations we know that if you're in the middle of the tour the world is trying. but so far from that we need to make sure that we have trust and we need to the work perfectly free as you know these are very for the fundamentals and we need to do the best so that we can and that brings us to the end of sports i'll see you soon the weather's coming up in just a tick. the
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official location your i pod touch from the. video on demand. and feeds now in the palm of your. dot com. world leaders tackle finance and the global economy as they gather for a two day summit in south korea. so host global powers as the g twenty kicks off to debate shared recovery beyond the crisis. ballance on the streets of london as students protest against the hike in tuition
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fees and the government it says has broken its promises. and setting a fantasy as the u.s. pulls out all the stops to recruit soldiers some veterans one that youngsters i'll be good into the army under false pretenses. needs twenty four hours a day broadcasting live from the heart of moscow and this is o.t. well straight to south korea where the g twenty leaders are gathering on the one thing on their minds this is money those are ruining the world's major economies are confronted with preventing a recurrence of the financial nightmare of two thousand and eight teams and he said no way for us. president meeting david cameron to meet with china's hu jintao and while the leaders.
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