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tv   [untitled]    March 7, 2011 10:30pm-11:00pm EST

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with the global machinery see where are we cutting state controlled capital city schools sections when nobody dares to ask we do our t. question more. leg. lifts. lists the. the
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. hey guys welcome michel intel. we've heard our guests have to say on the topic now i want to hear audio just go to video response or to twitter for a plot of the questions that we post on you tube every monday and on thursday the show you all response is please let your voice be heard. ok it's time for its night's tools and award and it goes to the old senator from arizona john mccain appeared over the weekend on a.b.c.'s this week and he was discussing a report that showed a news team trying to furnish our home with only products that were made in the usa
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a list of what he had to say i am also point out that if you didn't feed that house there if you'd left a computer gear or an i pad or an i phone those those are built in the united states of america and there's the president said continuously and i agree with him innovation is the key to being able to. yeah you see john thinks the apple builds those i phones i pads and i touch is right here in the u.s. but he's all right all the technology was developed by apple in california they are actually assembled in the u.s. any idea where they were built john if you flip over any of these devices they clearly say designed by apple in california assembled in china you know john the place the corporations go to for cheap labor so sorry john mccain but you want made in america one o one at a later segment united steelworkers president leo gerard corrected mccain and
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a spokesperson for mccain later told c.n.n. the senator was aware they were designed but not made in the u.s. and that he simply misspoke seems to be a trend when it comes to john doesn't remember back in two thousand and eight presidential and during the presidential campaign he claimed that the fundamentals of our economy are still strong and that was just before taxpayers had to bail out wall street so yeah john mccain has a habit of misses speaking quite often and that's why he's tonight's tool time when . and you campaign kicked off here today in the u.s. targeting fact cat bankers and last week executives the national people's action network picked today to launch the make wall street pay campaign and they came to washington d.c. to protest a meeting where fifty attorneys general were gathered they want the banks investigated for helping cause the economic collapse foreclosure mess and for using tax loopholes to avoid paying into public revenue coffers so after attending the
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meeting of attorneys general they headed to a bank of america branch near capitol hill to demand of the bank pay its fair share when it comes to taxes. and now activists made their way into the bank presented tellers with their own past due notice chanting to them pay your bills now the group eventually made their way to capitol hill to demand that congress and the speaker of the house hold wall street and the banks accountable for their actions. and owning a home it's called the american dream and for decades thousands of americans of achieved hope achieved homeownership with the help of fannie mae and freddie mac. but since taking over the agencies in the wake of the housing crisis the federal government is now overseeing ninety percent of new mortgages but cannot continue
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when the u.s. is saddled with enormous debt archies lauren lyster ask is the american dream is dying for the middle class. the american dream of a good to be of a bar home and provide for your family i so we spoke about the way picket and its traditional vision of homeownership central to living the dream so many people live in the suburbs which is turned into a nightmare for millions of americans who've lost their homes to. foreclosure or facing it now people like retired corrections officers entre she didn't want to show her face because of this is a horrible feeling to be facing foreclosure you have a family you have children we try to keep things stabilize for them but she feels helpless in the fight against losing their home a situation she's in because of a dispute with the banks over the terms of her adjustable rate mortgage i do feel like it's a right the should be my right to remain in my home i've been here for nearly
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twenty years but now americans like sandra they have to kiss the national eco's that says owning a home is a birthright could buy altogether in the future people may still aspire to or just the picket fence but there have a hard time getting the hours that we all sort of expect go with it if i end up with just a prince that's because for decades it's been two government sponsored firms propping up homeownership in the country by keeping money flowing to mortgage lenders fannie mae and freddie mac. you may recall them from the financial crisis when their losses led the u.s. government to bail them out to the tune of one hundred fifty billion dollars here in the working class neighborhood of jamaica just outside new york city you can really see what some of those losses from the housing crisis look like this two family home for example before the crisis sold for just over six hundred fifty thousand dollars now not too long ago at a foreclosure auction one hundred seventy five thousand dollars of that debt was
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auctioned for just two thousand dollars and with the government in control of fannie and freddie american taxpayers stand behind six trillion dollars in mortgage debt now the government says it has to get out we need to wind down fannie and freddie and substantially reduce the governments for print in the housing markets it's a departure from past government policies which have treated homeownership as a virtual right in a report to congress now the obama administration says the goal. is affordable housing not for all americans to be homeowners analysts say alternately with old policies and fannie and freddie going by the wayside so too will the white picket fence dream they help to manufacture it can extract interest rates are going to have to go up because then the risk of lending to homeowner goes up and fewer parties a want to get in and there are those. home ownership orders and it's not just the u.s. middle class that's going to feel it foreign countries all over the world hold billions
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upon billions of u.s. home mortgages in their portfolios doing away with fannie and freddie could amount to massive losses for these investors and for u.s. clout especially when you consider economists say shoring up foreign investment was a major reason for fannie and freddie's bailout in the first place but america appears unable to afford another option in the face of such massive failure i believe the banks would make and. i think their need for it got out of control they took ridiculous amounts of rest which they didn't properly disclose to the federal government to their regulators or to their investors who were significantly slammed by their misadventure and misadventure coming at the cost of the american dream i'll be an apartment somewhere i would i want to be able to buy another home somewhere else that so many americans and the police world audit you lauren lyster r.t. new york. and so what will the new america than the one where everybody doesn't own
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a home look like as the government says a very on a wind down fannie and freddie quit something take their place or is the american dream over joining me to discuss it is anthony rand as our director of economic research for the reason foundation after he thanks so much for joining us now let's talk about if fannie and freddie are done away with which we aren't quite sure as to whether that's going to happen or not is the american dream the one where everybody owns a house just completely dead. absolutely. we're going to whatever court level of who everybody else a silly tree where everybody gets a cold call what we do know is that over the past couple decades he has put thought old sports housing is too much it's an oversupply it's not a choice house and as a result we've pushed the homeownership rate fast so that point where we are which he calls us morons who are really actually told their whole they were just renting
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here so we need to do is release of the back to a place where the housing market is stable and it's sustainable the long term and that may mean that only sixty to sixty two percent of americans own their homes but that is not inherently a bad thing for the country but then everybody just has to run for the rest of their lives you know pay rent for my got your mind year after year have nothing that's a steady investment that they've put their money into. well there is this looseness with safety notion that only a house is this perfect investment at a see if you will it defies the matter is that if you all the homeowner courses thirty years if he will care it's the past one hundred years that data. you're not going to kid that much of a return on your best maybe at most five percent you can make a lot of money the shorts are going to close up over one or two years mate you know your value at the height of the pool but i think we have this mistaken our notion
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that renting is bad or even that it's throwing away money as a as a matter of fact if you own your car you may be more likely unemployment for all period of time if you can if you lose your job and you can't sell your suv he might just be that there's a lot of people would think that only a home is you know best but actually for the finances it's really bad for well you know i am i right here i don't like getting my money my landlord every month i consider it a waste and i very quickly just ask you you know i think there are the better end of the day the government had good intentions right away with with wanting to help more americans be able silly homeowner by you know is it just the system what it was it was able to get games. syria and it is it you know is it end of the day was the system itself quality or is it because the fact that there are people out there that are going to take advantage of a game every single system and get away with it. this is the biggest mistake and here's why if you try to conflates make a profit with
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a social call so we tried to say charge it's a mortgage fraud so it was just which is just the simple process of banking so when tested mortgages sort of people can't buy homes so basically like running with a social goal we try to put it with try to put people into homes now if we as a country we got to choose to have a social policy where we want to help people to get obese or if we want to promote or ship we can do it in such a way that we try to mix in entire housing. market which is will be tip a system was faulty we can have to arrest subsidy to say rowing from individuals who we want to help you know how or when we can put those subsidies on the good or bad you are so they have a bed and we can say they're only going to go to people below a certain income bracket and we can't have that social call if we want i would have to keep it you know it's not that we're best thing for us to do with that money but we can do that we shouldn't conflate that with mortgage finance and we shouldn't play that with the rest of the housing market so the system is faulty in that to
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try to combine those two things and so fannie mae and freddie macas they were trying to make a profit while they were trying to push down their underwrite standards so they were issuing when they were back in and out of all these subprime mortgages that were bad for the in the entire system but they thought that they were helping them i have now to thank you a lot for joining us tonight. now in tunisia facing our pricing wasn't long before other countries in the middle east followed suit as the cry for a new government grows so does the rebellion by the people now the call for change is movie other parts of the world we've seen and europe and now even here in the u.s. are he's christan for south takes a closer look at how rebellion is spreading across the globe. it is a rising tide spreading across the globe. as the angry the oppressed are fighting back against the oppressors in egypt a leader was taken down in libya he hangs on but barely in greece as many as
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thirty thousand protesters came out last month angry at the ongoing austerity measures imposed by the government there in portugal it was the same thing and in this country wisconsin remains at the crux of a fight described by many as the battle between the haves and have nots or the governor wants to take away collective bargaining rights of public workers well it turns out it's not just people whose job it is to protect and serve americans. it's also those whose job it is to care for americans these nurses here work for the largest hospital in washington d.c. also has a level one trauma unit which means many of the patients they get are in the most serious condition they the company that runs the hospital medstar is operating on the scene not only not wanting to give these nurses raises but also wanting to crease their pain if they meds are also severely understaffed the hospital and in
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the end it's not just the nurses the patients will suffer the nurses have about six patients expressionless at night sixty eight patients that's way too many these patients cannot move do not get out of bed do not walk around and i i think there is a huge problem the safety. they've been without a contract for nine months a. they're locked out of the hospital as other nurses had to be bussed in to care for the patients here they are the star some say the most frustrating thing is the sharp differences and those who run the hospital from the board room and those who actually run it from the emergency rooms and patient rooms traditionally c.e.o. pensions and and and wages are about three hundred times the average what the average worker makes and it's the average worker that's what the in the put into the product on the street that's what it's doing the doing the job and it's just amazing that that corporate profits of comment from the worker bill welfare corporate profits versus worker welfare you could say it sums up most of the major
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conflicts but at what point are words not enough stunning pictures. even angry lawmakers this is an important moment in history this is a moment where we must stand up and speak out and speaking out they increasingly are but will those speaking out whether in wisconsin egypt or on the streets of d.c. achieve a fundamental change in the system in washington christine for south r t. so to come on tonight's show are the wheels coming off of the glenn beck crazy train reports are surfacing that fox news isn't so happy with the hosts and his antics and is their movement taking place around the u.s. on the state level to disenfranchise voters and i was shine a spotlight on the efforts to keep the young and the old from going to the polls but alex siteswap reporter and blogger think progress.
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drives the world the fear mongering used by politicians who makes decisions to break through and through made who can you trust no one who is your view with the global machinery see where we had a state controlled capitalism is called sasha's when nobody dares to ask. so we do our t.v. question more.
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hey guys welcome to shelley tell me alone a show we've heard our guests have to say on the topic now i want to hear from our audience just go on to you tube to video response or to twitter for part of the questions that we post on you tube every monday and on thursday to show your responses later your voice be heard. we all know that glenn beck has enemies basically anywhere out there with a half a brain has heard it's ridiculous doomsday commentary doesn't like it but it looks
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like good old glenn has now all of his stuff few of his own people see beck's ratings have gone down on his five pm weekday show losing almost a third of his viewers and in the t.v. world that's taking a big hit over one hundred million viewers mostly in the younger demographic have turned off the x. program and even though his numbers are still enough to inspire envy from any other news host mr beck could be shown the door this is all according to anonymous sources within fox news but what's the deal could be the tight knit vonne between glenn beck and fox news has finally unraveled could all of his anti-socialist and islamophobia commentary finally be the last straw with network executives or maybe when he was it was when he toured the country charging a one hundred dollars a seat for the audience only to be welcomed by empty chairs or maybe people finally got sick of him pushing gold bars and emergency food supplies like some sort of shopping network advertisement for her a lot of reasons out there but i think david carr the new york times had an
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interesting take he said that the problem with glenn beck is that it's turned into a serial doomsday machine that's just a bummer to watch and who couldn't agree with that it's not like news is always good news for the most part is it but if it's real at least you can relate to it when it's all a giant conspiracy about how the world is coming to an end well that's when your credibility gets into danger so this talk of getting rid of back show that even the fair and balanced network is actually attempting to save some of the very little credibility that they still have left. to be honest i'm not really sure they give you re happy at this point but the worst part is that even if they did fire glen back we would probably still be stuck with him polluting our minds either way surely he'll still be spouting off craziness on the radio waves somewhere in this country but as far as i'm concerned the less exposure he gets the better now when can we start talking about cutting off huckabee and rush limbaugh's programs. is there a war on voters going on in her america under the guise of voter fraud more than
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twenty two states across the country have introduced legislation that would require voters to present photo identification at the polls or take it even farther a bill in kansas would require proof of citizenship upon registering to vote as well and only with these bills cost each state a lot of money during a recession but some even say that they're unconstitutional so why are states going for it maybe it's because college students rural voters senior citizens the disabled and the homeless would all be affected a.k.a. the main street republicans would love to silence when it comes to the polls here to discuss it with us is alex sites alter porter and blogger for think progress dory and a progress report at the center for american progress action fund alex thanks so much for being here thanks a lot for me. first of all how people of problem is voter fraud in the u.s. don't we already have lots of legislation on the books you can go to jail for this is a felony offense you have to pay all kinds of fines and is it still you know really
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just damaging our elections every year you know the only fraud in voter fraud is the allegation of fraud there basically has no voter fraud in america in two thousand and two the bush administration made cracking down on voter fraud one of their top priorities the department of justice launched this huge national investigation spent five years looking into voter fraud allegations they found eighty six cases five years fifty states eighty six cases and the vast majority those were people who simply didn't understand the rules and accidentally committed voter fraud without even realizing it so there's no conspiracy there's no. massive organized effort to do for america so there's a conspiracy to say that fright is going on in america against the usa but let's talk about you know who would be affected by some of these laws especially the photo identification that you have to bring to the polls or proof of citizenship if you're just registering to vote these are probably younger people the hispanic population rural voters older voters and those that just because they these people don't necessarily carry identification or because they can't afford it or what are some of the reasons they're absolutely will just like this attack on unions that
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we're seeing across the states this is a little more than a political effort to attack the democratic base the people who are progressive so those people that you just mentioned those constituency who they all have in common minorities young people but old people i guess that everyone else definitely democratic tend tend to vote democratic and there's a lot of reasons why people don't have i.d.'s or don't have passports or don't have proof of citizenship for example if you're a college student and you're going to school outside of your state you're not going to have a driver's license in the state we're going to school but you might not be able to vote at home because you don't spend the majority of your year there are people who live in very rural communities and don't own a car don't drive might not own a driver's license a study from the north carolina board of elections found that nearly a fifth of people might be negatively affected by these a voter id laws and especially if you consider the fact that in america we don't have the greatest voter turn or turnout record to begin with you don't necessarily want to make it even harder for people to register to go out and vote because well then just went down to like thirty percent of the country makes all the decisions
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for us how much is this actually going to cost some of these states during a recession to pass these laws it was one of my favorite things i mean you hear republicans constantly talking about the need to cut federal spending the need to get the deficit under control both in the national and the state level but in order to implement a voter id law in a lot of states you would need to actually give every single person in the car in the state who's eligible to vote and idea if they don't already have one and an intervention massive p.r. campaign and give it to them for free then we no longer have to. a for our i.d.'s if you don't have ideas or you have to implement some kind of system to help them afford it because you're taking away or you're impinging on their right to vote which is the most fundamental right of participation in any form of democracy to hold your elected leaders accountable we also need to launch a massive p.r. campaign t.v. ads radio ads to inform people about this new rule so when they show up on election day they know to bring their voter or their driver's license so they can actually vote so we're talking millions millions of dollars when states are experiencing budget cuts budget deficits when people that are public sector employees teachers
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firefighters in their jobs are at risk we need to spend millions of dollars on these types of bills that republicans are trying to tell us here now any number of states we've also heard that perhaps these laws are unconstitutional how so yeah that's very possible and we've seen a lot of efforts to impinge on people's right to vote as i said that's one of the most fundamental participations of democracy and you're entitled in the constitution the fourteenth amendment and other places to have a right to vote and in covered by all of these various things so when you implement new registry new requirements such as a voter id law or a residency requirement or proof of citizenship requirement you're forcing people to vote sometimes a lot of it on a provisional ballot which may not even be counted so you're potentially infringing on the constitutional rights and that's why you have to go through all these costs to do kind of jump through the hoops to make it past the constitutionality test now of course this country has a rich history of voter disenfranchisement. going on forever but would you say that
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we're now seeing a resurgence of this you know is it really back at some kind of a peak or have republicans just been pushing this lowly behind the scenes and you know we're only now talking about both i mean this is been on the conservative agenda for from the conservatives and for decades you know in the south in the in the fifty's and sixty's and before we saw poultice we saw all kinds of other ways to limit the black vote the african-american vote the minority vote and now we're seeing again republicans made huge gains in state houses across the country even bigger gains they made here in washington so now. are using those big majorities that they won in november so implement this piece of their agenda to depress the vote to make sure that they get to stay in control and in power for as long as they as they can i guess you could say that alex thank you so much for joining us. now before we go tonight it's time for our tweet of the day after charlie sheen was fired from his hit c.b.s. show today after a week of rants and really odd interviews he even called himself a vatican assassin warlock during a radio interview i'm not entirely sure what that means but tonight we think that
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maybe the warlock community should tweet dude shut up you're making us a little cracked and that's harsh coming from a warlock that's it for tonight's show thanks for tuning in to make sure you come back tomorrow writer john ellis will be on the program to talk about his recent piece in the business insider why he thinks the washington elite have turned on obama in the meantime don't forget to become a fan of below show on facebook and follow us on twitter and if you missed any of the night's show or any other nights you can always catch it all you q dot com slash the on the show you know post the interviews as well as the show leaves entirely there coming up next is the news with the latest headlines from the u.s. and abroad. drives the world the fear mongering used by politicians who makes decisions considered breakthrough made who can you trust no one. is imbue it with a global missionary see where are we heading state controlled capitalism is called
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sessions when nobody dares to ask why we do our t. question more. leg. lifts. lifts. the earth the low the the.
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us. hey guys welcome michel ancel on the a lot on a show we've heard with our guests not to say on the topic now i want to hear our audience says go on to you tube the video response or the twitter profile of the questions that we've posted on you tube every monday and on thursday night with the show long responses during the week played your voice be heard wealthy british soil sun. has begun to be put right in front of the. markets why not. come to. find out what's really happening to the global economy.

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