tv [untitled] March 10, 2011 5:00pm-5:30pm EST
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these are the images the world has been seeing from the streets of canada. showing the predictions rooted in. the resettlement of. well it's a job many in wisconsin are disapproving up there was the labor war battles continue in the rest of the country watching a tale of two americas in wisconsin. we just got these extremist invaders are raping the minds of american citizens tears and fears on capitol hill so what exactly will this congressional hearing on the radicalization of muslims lead to and clipless be a flashback to mccarthyism. the american. dream.
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and as the next chapter continues to unfold in libya could feature a strong u.s. role or has the u.s. already learned its lesson. and dumping debts as the u.s. deficit his record numbers is investing with wall street risky business some of the world's top investors think so. it's thursday march tenth five pm in washington d.c. i'm christine for he's out there watching our team. well i want to start right now with some breaking news the moment many people have been waiting for and many others have dreaded in the state capital of wisconsin just moments ago lawmakers passed a controversial budget repair bill that strips the rights of collective bargaining public sector workers the vote passed fifty three to forty two some calling it yet
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another surprise vote a labor war in wisconsin and the tension there now heating up as plans for a general strike are in the works as well as many indicate you know there are many implications of this and earlier i spoke with journalist michaela and david vines a student at the university of wisconsin he was actually inside the capitol building there right before this vote took place. many people slept over last night about two hundred and this morning before the assembly kid was in session there were a few hundred there were about a hundred or so people in the them to make the foyer area to the assembly and there were about thirty people some of us in the hallway leading up to get to the doors to the set so the. assembly men could not get him they at about eleven just before eleven o'clock local removed by one. but according to chief cut to the capitol the cita kept no arrests were made inside the
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building we were just discords out of the room and and we're still many of us are still here in the capitol right now it looks like the bill will pass in the most undemocratic of manners possible i spoke with the madison firefighters union police joe conway who sent people right now are for you know talking about a general strike but the next thing that's going to happen is the minority leader of the democratic minority in the wisconsin state assembly is going to file a lawsuit because of the procedure they used to get the bill to the floor without a quorum that feels there might be talk of a general strike at that point the unions cannot formally endorse it but a lot of people are saying they're going to stay out of work so it's unclear what's going to happen next it is a very tense situation over the past day or so there had been much part talk about a general strike and these are basically just protests just diatribes about saying they endorse a general strike. of
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a child the past twenty four hours and they had been over the last three weeks. i spoke earlier today with the with the chief of the carpenters union in madison who said that they're also exploring options earlier today the firefighters union and the sheet metal workers union president and i bank m. and i bank is the second largest contributor to scott walker's campaign unit hold approximately one billion dollars worth of investments in. spank and they're threatening to pull them out much the spank that announcement scott walker's doing let's get something straight here governor walker never once mentioned eliminating clinton farting while the campaign for governor he never once tweeted about it put it in a policy paper e-mailed said anything about it this was a massive study done by the state petersburg times project put a fact he never once mentioned it and he was elected governor in a state with the overwhelming majority of people are opposed to it and now he's broken the law he didn't give notice for this meeting he's broken the law in order to ram through this bill which the state senate majority leader fitzgerald admitted
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yesterday was mainly an effort to bust unions defund the democrats yeah we did it and many violations here first of all last weekend there was a judge shot albert at that that said that the at that at the capitol had to keep back to the way it was judge anyway i thought which the normal working day. just might this past monday it has not been like that most of the doors have been closed even though they happen many people and we've got the happy security and yesterday the assembly was called it only took but there were five. so to allege that it's an extreme right that's it this clearly was not and so they're clearly trying to push out of this debate and they're not listening to what the boy says about you to live with and like you touched upon something i want to bring back into this conversation the notion that's starting to come out all over that what's happening in wisconsin you know a huge deal for sure but that this is actually part of a bigger plan to tear down the state employees union to make it much more difficult
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for president obama in two thousand and twelve to win the state of wisconsin what are you hearing do sack you and him and democratic party's largest funder is organized labor by eliminating organized labor they're trying to eliminate the democratic party that was labor journalist like alcan to know university of wisconsin david zines. also going to notional day in wisconsin to an emotional day on capitol hill this as the homeland security committee launched its hearing on the radicalization of muslims are you kalen ford was there housing or. morning the committee on homeland security. chairman peter king launching his hearings on the radicalization of muslims in america complete with beefed up security dozens of cameras so dramatic witnesses and someone to blame we must stop these extremist invaders from rape in the minds of american citizen hearings have received much media attention since they were announced but some say
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the hearings to look at the underlying causes of muslim radicalization in the united states including the role u.s. foreign policy in the arab and muslim world has played in muslim feelings towards america but some muslims say it's u.s. support for oppressive regimes in the middle east. and interventions in iraq and afghanistan that have radicalized them the minute they kick at the knife of slaughter they're accused as being violent when the actual perpetrators of violence are the ones that are an occupying land like afghanistan and iraq right now the american empire others praise king for braving the political correctness firestorm hearings ignited before the even began start running around looking to be a victim stop looking to be offended. and believe muslims are trying to take over america the expressions carpers shari'a creep or islam creep and the answer is yes i mean again if you come to this country you come for everything it offers but to the kind of a receptive to procreation there and you convert to ingratiate yourself and immerse
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yourself in what america is and america isn't footpads but even los angeles county sheriff lee baca was skeptical of king's accusations of a lack of cooperation with law enforcement but i mean critical outreach to the community after nine eleven i was overwhelmed by the number of muslims who are ready and willing to connect with law enforcement muslim americans to see king's accusations as efforts to divide their communities and spread the kind of fear and mistrust in law enforcement hearings were designed to combat it all this is done in suits. stoke further hatred i know muslims that no longer go to their mosque because they're afraid they're going to be turned in by the f.b.i. and shift the burden to muslims themselves i don't understand why it has become my personal responsibility to police this community i'm an american and isn't it enough that i am god guiding productive position this is the first in a series of hearings in plans to hold on the radicalization of muslims in america
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but critics say that the accusations of not cooperating with law enforcement that have been levied not just against muslim americans but against activists in peace movements as well are an effort to divide them and discredit them in fort artsy washington d.c. all right so the question is what will these hearings lead to one of the outcome short and long term earlier i had a great debate with brian becker national coordinator for the answer coalition and tony katz host of the conversation with tony katz on p.j. t.v. dot com ryan told me he thinks the ultra right are using all the right code words to stir up fear but the religious we profiled people not because of something they've done because of how they look or what they pray to or because of the color of their skin or from their ethnic identity if you protest against it if you say that that's this criminalization of that's terribly but that's kind of a hysteria in jena phobic approach then you're accused of political correctness now
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these are the cold words of the old to right now in america there's a great danger that people face what is a danger they can't find jobs they're losing their homes there's high unemployment there's growing poverty peter king those engage in the politics of diversion like many of the other republicans let's look for an enemy when the real threat the people have is something quite different and yet this becomes a convenient scapegoating as it has throughout history tony is this the politics of diversion here. i would say that unemployment is high and all of those issues are things that have to be addressed but i think we as americans can handle a couple of things at the same time this is his committee this is her is his purview he's certainly right to discuss the conversation this dream that somehow since we're all multiculturalists and no one society is better than another society doesn't work and sarkozy proved it and cameron proved it angela merkel proved it we should at least be honest in having a conversation and what is the p.c. side say because they are p.c.
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they say if you have a hearing discussing radicalized muslims you'll incite radicalized muslims to kill you well right now anyway and i would say sure right now of upsetting them right now ignorant people who don't know the facts who don't understand what's really going on in the country are whipped up against muslims we see this all over the country there's a lot of violence going on against muslims is that a form of care or is it a form of terror tony when when innocent muslims are targeted when their mosques are burned when the qur'an is burned shot in a form of terrorism first and where to go here on where the big carriers by peter going about like you have because that's what's really happening well tony let me ask you this you know one of the main concerns i no matter what side of the argument you're on is that this is going against the constitution that specifically targeting a group is going against the freedom of religion you know a lot of people i am special you've already what freedoms have been abridged what if there isn't one of them or the intent of there was a reason about radical jews or radical christians would what if there was
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a whole week of hearings you think there would be a big outrage ongoing amount of freedoms tony and you know that this might have you can really see is being targeted because of their religion that's. i'm going to talk i have a.b.c. that puts together a television show called good question because i think i can honestly say christians have been attacked are not in america and muslims are not being rounded up muslims are not being targeted that is the great lie told by great liars no. kidding a conversation there is not an order on when god calls not to say i agents going on because there are clues and synagogues trying to entrap young angry people who are against us foreign policy to say something that they can hook them on a conspiracy that's happening in every on us here on the united states on versation because you as a communist get exposed my problem is not just this is wrong up it's communist the whole scary world is coming out let's talk about it and the implications i'm talking about you not to iraq i'm. not proud socialist i don't even guess what it's
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not illegal in the united states only let me get in here and it's not illegal to have an alternative station in the united states brian well i decided to illegally disappear just calling things by their really frightening religious profiling and racial profiling is unconstitutional it's illegal it's discriminatory it's bad it's good politics are you guys i want to talk about you are wrong like this hearing will lead to some of the impacts that this hearing could have not just what's coming out of it not just sort of the subject matter on the agenda but the implications long term brian what are your concerns i think what's going to happen is you're going to take a lot of people in the united states who get the message from the government from high elected officials it's ok to target people not for what they've done but for who they are what they believe in another words targeting arab americans and muslims who have already been subjected to great amounts of violence great amounts of persecution who have been rounded up contrary to tony's assertions and who right now are the biggest source of discrimination in the country so we have to recognize that when these kind of hearings take place they create a political climate
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a political atmosphere that allows more violence to take place against innocent muslim people and that's what's likely to happen all right tony. well i'm hoping that what happens from this is that it's the muslim community a tremendous you know as peter king is said and some people in that in that clip you played earlier said living their lives doing their thing they're the ones who should want to aggressively and desire to root out the most radical elements that believe in the sharia that believe in the caliphate and believe in doing harm to the free and thinking world all around the world. it was a show you three hundred years ration is a good rating and it's not something to be scared of like brian is you have to be able to engage in the reality colorado collides islam and write a lot radicalized muslims are causing harm around the world as brian becker national coordinator for the answer coalition and tony katz host of the conversation with tony kept on p.j. t.v. dot com. well there has been continued chaos and violence in libya and even when
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now than ever the next chapter remains uncertain and the discussion has now turned to what the u.s. government should do any politicians contemplating whether or not and how to get involved but as artie's honest answers are going to now reports many are hoping that the u.s. will stay as far away from the event from the idea as possible. simple war blurs the outline of the b.s. future while the us we visit our chins on the role it should play in the chaos some war loving politicians have been pushing for stablish in the no fly zone this means bombing libyan air defense systems runways and shooting down libyan aircraft and aerial invasion something most americans don't realize and most libyans don't want people in the entire region remember what happened with the no fly zone in iraq hundreds of civilians were killed by the enforcement of that no fly zone that hasn't changed some high ranking officials have taken it so far as to joke about an
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attack on the african country but it is a libya any of america's business and why not let the arab world fend for itself there is absolutely no. possible justification for the united states or even the e.u. to get involved in libya there's just nothing in their charters or just there's nothing that would justify this it's in a civil war in a different country in which the details are very murky we could america be a hop skip and a jump away from another war the white house is now saying it will wait for the you when to lead the way in dealing with libya but with the habit of getting need deep into other nations appears will america be able to resist the temptation this could be a rerun of iraq this is a rerun of humanitarian. and very very dangerous there's nothing for the west despite warning signs flashing some experts believe history is about to repeat
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itself iraq and afghanistan a war and suck the us much further into war than first anticipated but the definition of insanity is doing the same thing twice and expecting different results well in the case of the united states he would be doing the same thing dozens and dozens of times of trying to get different results with the united states hasn't one. the war decisively since the end of world war two upholding human rights and establishing democracy have often been pretenses for america's invasions officially these are also the meat concerns for libya but the underlying reality this is about oil and if the united states can go in militarily but claim to be going in only for humanitarian person purposes the american people will go it some also see hypocrisy in the calls for humanitarian intervention nobody really brought this up during rwanda but of course rwanda didn't have any oil with two other american wars being fought in the muslim world death tolls continue to rise.
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apart from the human cost the u.s. is running up a huge warfare tab considering the fact that we have fifty four percent of the federal tax dollars going into the fans and into the destruction of afghanistan and iraq you have to really wonder how crazy this country is and how willing the american people are to foot the bill both the europeans and the americans are facing huge budget deficits military overstretch it's very it's going to be very hard to explain to people why they can't have their pensions and why they're losing their jobs but there's enough money to throw into a military intervention in a country that is far away and is minding its own business and minding its own business is what many want the west to do but the whole world doesn't have the stomach for it anymore the u.s. seems to have chosen a weak and see approach hoping the united nations will lead the way but with the
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u.s. unsanctioned invasion of iraq still fresh in mind many fear the support within the international community is not found the u.s. would act regardless if those in turkey are c. new york. well that was a report the white house is now saying it will wait for the united nations to lead the way in dealing with most of the time. mark we've heard gives the impression at least of a no fly zone is at the very least on the table and joining me now from kalamazoo the florida is paul craig roberts he's a former reagan ministration official paul you know i just want to get your take what do you make of all of us well you know i've seen what happened in iraq and afghanistan a new liberated by western armies and you don't. know what i think this is a test of the egyptian revolution if they've actually had a revolution in egypt which borders the eastern part of the country and one would
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expect the necessary arms that the rebels need would come to their aid all the really leaders and weapons and some service terror missiles and they can start. his army air force and that's all they need so one would think if egypt has really had revolution they would come to the hater of their fellow or revolutionaries well i think best recognition is a little different i mean a test of the egyptian revolution as well as an outcome of it paul i mean this is you know as we start the momentum just continuing across the borders people call inspiration call it what you want but they wanted their leader their dictator to come down. what i mean at this time to go on the no fly zone certainly a lot of talk about it and pretty interesting we're hearing france president sarkozy's saying that you know he's ready to consider this at least propose airstrikes on libyan leader moammar gadhafi his command headquarters what about
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this you know france coming into the picture here. well they would come in without the permission of washington and they would at least for the club group nato if not the united nations and france isn't the united states and can defy the world is easily. you know. when they say that they want to. help the libyans and have a no fly zone to get the relief figure out what is the real agenda because they don't show this sort of compassion for afghans or iraqis or pakistanis where we actually could do something about it since it's the united states inflicting the damage so if they haven't any compassion for those people why do they have for the limits that president obama has said that you know he'll wait wait to see what the rest of the u.n. says and. you know it's interesting though because
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a lot of critics say the longer this country wait the longer all the countries wait to make a decision i you know we've seen in the last twenty four hours a shift in libya that convulses forces are starting to really regain control critics say the longer we wait the more control they have what do you think about this. well look after he has a mercenary army and so we have a very funny situation where the alleged leader of a country is using a foreign army to do his own country and this is a very amused i think what the rebels need are two weapons and they can get them. if egypt wanted to help they could give them. iran could go china could go. even russia and one would think that it would be in russia's interest because it would give them some credibility with muslims and make it easier to solve their own troubles and. you would think china would have an interest because its development
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is consuming a lot of energy and it would have no connection with the new government and libya and the world so what work the rebels need or at or take weapons and surface to air missiles and once they have that to the gadhafi. counter offensive will fail and so we don't need no fly zone nato or american troops lot of people here in this country i agree with you paul you know there was a recent survey done a poll taken that basically shows most americans have no desire to get involved will say is the numbers that there was down by a reuters ipsos if ound the fifty one percent of americans actually support reducing the fence spending we've been talking a lot about the budget here that compared with twenty eight percent who want to cut medicare and medicaid and just about eighteen percent about cuts in social security so clearly we have more americans than not wanting his cut defense spending and we
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continue to hear this talk about ramping up to a possible war with libya. well you can't go. into the structure was you. i don't think it would be much of a war. i don't think liberals want to be really. paul craig roberts former reagan administration official why are the world's biggest investors jumping ship from u.s. stocks and bonds bill gross of pimco who runs the world's largest bond fund has dumped u.s. treasuries and billionaire hedge fund manager carl icahn is giving investors their money back and talking about the possibility of another market crisis and what do they know that we don't and why am i ben bernanke in the federal reserve be to blame are the financial correspondent lauren lyster joins me from now one from new york. or let's talk about what's going on with these investors are also with bill gross why is he dumping government bonds and why is this a big deal. well this is
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a big deal because bill gross runs the largest bond funds in the world not only is it the largest but it's extremely successful it's been the top performing bond fund over the last fifteen years outperforming eighty five percent of its peers so it's done a really good job he's a very well regarded investor very powerful investor and in his last month you know he was rallying against us treasuries which pimco has recently as three months ago held twenty two percent of their holdings and so they were major investors in u.s. treasuries so bill gross comes out he starts a rally against treasuries why because quantitative easing the second the second trying to q.e. two as many people know it this is the fed's punted easing program is winding down in june but no government going to stop pumping money into the bond market and you know their most recent buyback program has been a six hundred billion dollar one this is after the first quantitative easing which was a bum point five trillion dollars program so the federal reserve has been pumping up the bond market and that is all going to come to an end in june and bill gross
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came out saying hey this is d.-day so after he made this clash with this monthly note you know people definitely picked this pick up on picked up on this in the media because pimco obviously is very influential and in addition they have a very good research team but nobody really knew you know is this just talk is talking is book well now the news has come out that he wasn't talking his book in it when he was walking the walk he wasn't just talking the talk because i'm going to rid of all of their you government debt from their holdings they hold zero that happened last month this means he stands behind his position this means that he believes that the bond market is not going to do well once quantitative easing is over and also pimco is very connected to the u.s. government or is believed to be for example bill gross advised the government during the takeover of fannie and freddie and he was one of the executives consulted as to whether or not the government should take it over and not to mention not only did he advise them on that he also benefited from that so he's
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believed to be one of those people who would have a good. cents over whether another planet easing program would happen so him selling all of these ons getting rid of them essential lead to analysts today they're saying hey this means he doesn't believe there's going to be quantitative easing the third run along with the dr for as one could quantitative easing have to do with icons concern about you know market prices how does the stock market tie into all of this ok the reason why this matters for stocks is that one of the things that quantitative easing has done is that by buying up all these treasuries the federal government has infused cash into banks turning their treasury holdings in to cash so banks have gone out and bought things and one of the widely held belief by analysts is this is propped up stock prices because all of this liquidity in combination with some of the corporate profits that companies have seen and some other factors that aren't just quantitative easing that this is lead for stock prices to rise ok they are almost double what they were during their
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height and that comes after their reaching their near decade low in two thousand and nine when when the financial crisis hit so stocks have rallied they're really high and people believe that this is related to quantitative easing and the liquidity that the fed has pumped into the system so with that all disappearing that means stock prices should change and that's when we have to pay attention to someone like a billionaire hedge fund manager saying hey i'm worried about markets i'm getting money back and that could be one of the reasons why that's why quantitative easing is involved in all of that let's talk about the big picture here though i mean what is the worst case scenario people should be thinking about be concerned about. people should be concerned about as far as just average person at the bond market does taint if this really does go sour many people have invested just average people pension funds that sort of thing and invested in bonds as a safe asset if this market tanks that will hurt the investments of average people now in addition pawn prices are directly connected to interest rates so it's gone
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prices go up interest rates go down which is what we've seen now interest rates are at record lows if bond prices go down interest rates are going to shoot up that means that interest rates on just the average person's debt for their home for their credit cards that's going to go up their death going to get more expensive so this could be trouble for just average americans all across the country and real briefly lauren we just have a little while left you know after real estate it seems that everybody was talking about these bond markets how safe they were but when you think what's going to happen if these bomb markets get beat up it could be trouble you know but i have spoken to economists who believe that when they saw this rallying behind vaughan's in the federal government pumping all this money into it that this was going to be the next bubble i know wolf at the new schools one of the people that has been saying that to me who is a financial analyst and all of this with people now billionaire investor is getting out of this market i mean this.
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