welcome to lower show or real headlines with none of the mercy or can live out of washington d.c. now as politicians talk and talk about the dire us debt situation they simultaneously plan to extend the bulk of the debt debate past election season so one can't help but ask about electoral politics short term political gains are stopping us from tackling the enormity of our debt that is president obama headed to the border town of el paso texas today to discuss immigration we're going to

take a closer look at what benefits immigration could have when it comes to boosting the u.s. economy but we also know the president had another agenda in his speech today to gain the support of a skeptical hispanic vote and a light of the fact that his previous efforts to immigration reform at all have failed we cannot but wonder if this speech today is just filled with more into promises and it's gearing up to be the largest illegal bit torrent downloading case in u.s. history but is this really about eliminating piracy or is it just a scam to make more money we'll be covering all that and we'll have our happy hour segment on tonight's show but for now let's move on to our top story. so they is may tenth the debt ceiling was supposed to be hits may sixteenth just a few days from now but out treasury secretary tim geithner said that measures could be put in place to push the deadline for a vote on the debt ceiling until august second and he and obama have both rejoiced that if they get a two trillion dollar raise the problem is going to be put off again until after november two thousand and twelve elections thing yesterday speaker of the house

john boehner addressed wall street and financial elites at the economic club of new york. let me be as clear as i can be without the it's significant spending cuts and changes in the way we spend the american people's money there will be no increase in the debt limit and the cuts should be greater than the accompanying increase in the debt limit that the president has given. talking about billions here we should be talking about cuts in trillions if we're serious about addressing america's fiscal problems but these are what kind of cuts neither party can agree on what to do here do you wave medicare medicaid the entire social fabric of this country or do you look at defense spending oil subsidies and tax breaks for the rich in general it's all more politics what really is a massive financial problem but as the world thinking the u.s. can't get its house in order so here discuss this with me is dean baker co-director

of the center for economic and policy research at anthony rand as our director of economic research for the reason foundation front and i thank you both for being here tonight so first starters if we look at what's going on of both parties both of them claim to be serious they can't agree on any kind of solution and they've all dug their heels in so is this going anywhere i mean can you really see it progressing and coming to some kind of a resolution will come to resolution because at the end of the day would people really have their backs against the war wall street i mean if it worse came to worse if you actually a situation where we could not pay off our bills we had to do for them the dead cutter still get existed he would have a natural process would be worse in two thousand and eight but the country's still going to exist won't exist as goldman sachs j.p. morgan morgan stanley and the rest that that's why at the end of the day you know we're going to solve this problem so this is a little charade in eat people should be upset about because the real problem facing the country of course is the recession we still have almost twenty five million people unemployed underemployed or the workforce this is just silliness so

you think it is only going to get resolved just because wall street wants that you essentially i think is going to get results because the republicans don't have a strong back on this is there purporting to be we've heard the other banners speech last night and yes there is that's really a strong desire of most republicans to get something for this and i think that they will wind up getting something for this particular if you listen to democrats over the last reset senate democrats saying yes we need to show. when you show some sign that we have a belief in fiscal responsibility and so there's going to be something but i really don't think that even speaker boehner is realistic about his dollar for dollar sort of for an increase in spending i don't think that there are many republicans really other than maybe the tea party think that's even possible there's not a trillion dollars of cuts that you can do without going to entitlement spending there's no way they're going to get entitle the spending sort of reform in the next couple of months so it's going to wind up being something like what we saw with the

two thousand and eleven budget in my view where eventually they're going to agree on something that's going to be smaller than what the g.o.p. is saying right now but then speaker boehner can go to the tea party and say this is the best deal i got for you it's that thirty eight billion in folks or whatever it's going to be in build up caving on so what's the real problem here is the way that our political system works the way the everybody is constantly just looking for the next election cycle right as you said is just about showing some signals that maybe we're actually have these goals in mind that we want to reduce government spending it's about getting a few concessions but and can anybody honestly have a real conversation about what we need to do to get our financial house in order to make it so that we don't have fourteen trillion dollars in debt if it's constantly a team here election cycle and everyone is worried about their own but well i said sarah financial loss is in order what's going on orders are economic house we had a choice housing bubble that media didn't want to talk about and they should talk about that because it was easy to see that was going to blow up the economy to really dig a hole and actually give us really huge deficits but instead we're talking about

the eight trillion dollars housing bubble they were yelling about the deficits we had back in two thousand and five two thousand and six two thousand and seven which were nothing so i'm going first and foremost the media because what they should be doing is beating up end obama for yelling about a non-problem the deficit which is not a problem right now we should really want a bigger one because we need to employ people and then if they really killed them every time they said this nonsense they won't say that we can have a discussion about the real issues so first and foremost the problems that need do you think that the deficit is a non-problem right now that we really should. concentrating on other things i think is absolutely a problem but i think there's three big problems think one is the deficit so that the budget right now is short term what cuts are going to put in place over the next five ten years to balance the budget can we do it in ten years that's one problem the second is the long term debt problem in the simple fact the matter is the entitlement programs that we have are unsustainable over the long term and there need to be significant reforms made what those look like there's a lot of different options but that has to happen and the third thing is the tax code has to change and those are three huge it's not just small changes it's not

just increasing income tax or what you're going to do with corporate taxes it's a wholesale reform of the way that we look at the tax code whether or not we should have corporate taxes what income taxes should look like whether or not we should go to a consumption tax those are three big things and it's challenging to have those conversations in a political environment like what you're talking about with the media it's almost impossible for real conversation to happen like that in public given the way the media jumps on everything and everything's about soundbites but then is it also impossible i mean there's a think about this from i guess an international perspective right i mean some of the things that we worry about if we did indeed default on our debt is that the dollar would completely plummet right now no we don't do you lose the faith and the credit of the united states but it's already looking that way any time you have any kind of a you know economic summit or thorin these days everybody is concerned around the world about us that china is concerned about us that because they're inexplicably linked these days so from the outside it looks like we can't figure out what the

hell we're doing why would any. in terms of our dollar in our economic strength right now boy like to say we look at what people do rather than what they say if china is concerned about us these are the dumbest people in the world because of buying a huge amounts of it and i don't think they're dumb i really don't i mean they meant make mistakes here and there but i don't think they're stupid people they're buying up that in fact investors around the world are buying it because that very low interest rates the interest rate in check today it was somewhere around three point two percent on the ten year bonds if you go back to when we had surpluses at the end of the ninety's it was about five and a half percent so they are not concerned so there might be oh we can't get our house in order in this and that they're not concerned about and finally this story about the dollar falling through the floor yes china we've been trying to get them to raise the value of their currency fifteen twenty twenty five percent are they going to let it be it's currently about six point seven one to a dollar they go for want a dollar three you know they would go nuts so this is simply a non concern he cannot possibly happen what do you think. what i think is that if

if we are only looking to what other people say about us and that's like the only thing that should bring us together then we've probably lost like we need to actually come together and sort of think internally about whether or not we want to be serious or responsible but i say i don't think anybody cares about what anyone else around the world that also is tied to the u.s. economy is thinking because we're so caught up in our internal domestic politics now lastly we've got to wrap it up see how that how that how does that actually affect you know the average american right now do they care about the data they care about deficit reduction all they know is that the middle class is dying and they are very sure about secure jobs they care about their medicare the social security when they retire there and they don't know if they don't we're going to have this large you know when you know you have a small number of policy wonks here in washington there knows the pope's public doesn't know what the i think you know the way that this impacts sort of the man on the street is that this is a distraction that this is the only thing congress is dealing with when there are other things that we should be addressing immigration reform is an important one what are we going to do about housing we need to address fannie mae and freddie

mac. we need to address housing finance system their main. your core sort of policy structural things that need to be dealt with now have to be dealt with on a federal level and congress that are being paid attention to because all the bickering is about what kind of political posturing tonight and value can i get for where i'm going to stay out of the debt ceiling or not or what i'm going to say about budgets but i'm not going to have a real conversation with all of our reason not to have a debt ceiling so we don't deal with this all the. dead and i thank you both for joining us tonight but it's now coming up president obama called for immigration reform but it was just an attempt to win the hispanic vote and twenty twelve so now we're going to look at still interviews on immigration reform and what the political impact and the economic growth that immigration plays here in the us on the right but. let's not forget that we are in a park right. i

think. well. we have the government says the keep him safe get ready because of the freedom. h. on our behalf broadcasting live from washington d.c. coming up today on the big picture. new web site twenty four seventh's live streaming like to tell you about the

ongoing financial hard. unlimited free high quality videos for download. and stories you may never find on mainstream news. media at least. me or maybe some. person more on our t.v. . stand. by guys welcome to sharon tell the obama show we've heard what our guests have to say on the topic now i want to hear our audience just go on to you tube his video response to twitter for part of the questions that we've posted on you tube every monday and on the first day of the show your responses please let your voice be heard. when we talk about america's economy the need for job creation to get us out of this rut and we also have to talk about immigration highly skilled immigrants help

us stay competitive there innovators entrepreneurs doctors engineers researchers but thanks to u.s. immigration policies they're leaving and it's something of a president address today when he was speaking in el paso. the day we provide students from around the world with visas to get engineering and computer science degrees at our top universities. but then our laws discourage them from using those skills to start a business or a new industry here in the united states. instead of trying to go on for the worse to stay here we train them to create jobs for our competition. now the thing is if we're serious about making the us competitive could coupling visas for skilled labor with comprehensive immigration reform be doing more damage than good joining me to discuss this is vivek wadhwa visiting scholar at university

of california berkeley and senior research associate at harvard law school and director of research at the center for entrepreneurship and research commercialization university vivek thank you so much for joining us tonight. now the president here obviously i think is trying to take those people some of them that are very passionately against immigration reform because they see this as an amnesty issue and i think using this economic story here which is incredibly important using as a distraction and so nonsense he's putting the two together but i think we both know that there's absolutely no chance like any kind of comprehensive immigration reform is going to get passed so in essence is even hurting you know this program in order to create more visas for entrepreneur is for startups for people to stay here and innovate and you know create jobs in this economy. sadly that's what i believe is happening that he's been linked to different things in there's no way that we're going to agree to providing amnesty for illegal workers i mean who are

compassionate i feel sad for them but this country is not in the mood to resolve that issue right now it's years before we'll come to grips with it in the meantime we have all this girl american scientists you know doctors engineers you know researchers who are stuck in limbo they're going the entrepreneurs from all over the world that want to come here and start companies to create jobs we're not letting them do that so we're holding up we're basically holding the skilled immigrants hostage and the plight of the i'm skill which is really sad and the president basically is saying the right things but he's not calling up his action with the right words he walk us through some of the anger is you know if we're franco to let's say silicon valley how many of them play you is there how many of the founders are a cult founders out there in startups there really are may happen events you know you'd be surprised that fifty two percent of all a startups and silicon valley more than half are founded by people like me people born abroad foreign nationals who came here primarily to study or they came into

work decided to make the united states their home and typically after thirteen years of being here they decided to start companies and in two thousand and five alone they employed four hundred fifty thousand workers they generated fifty two billion dollars of revenue and these people are creating huge amounts of jobs for americans and the problem is that because of the backlog and backlog we have a million skilled immigrants are waiting for green cards you know we're talking about the twelve million court who are unfortunate who who entered the united states illegally there are million people here who came here legally as students and it's one b. visas or other leaders legally to the front door who are now stuck in limbo can't get regards we're getting frustrated and who are going back home to other countries than you got a promotion it's a disaster for the united states but i just wonder. even if you know if the system was made easier for some of these immigrants in order to get green cards would that

solve all the problems in yourself and done studies that shows the brain drain and it shows that a lot of people they want to go back to china are they want to go back to india not only because of the opportunities there but because they have a connection to the country they have some kind of nationalistic pride they have family ties there not to mention the fact that skilled labor or any kind of labor there is still the unskilled is much much cheaper than it is in order to run a business i'm impressed with your knowledge here if you really have got your market with you thank you you have to look at the doors of the cases the right now if you go to india and china there are more opportunities for entrepreneurs in the united states we have the founder seventy two percent of the people who went back to india i think eighty five percent of chinese said that the grass was greener back home so yeah things are better over there we've got to start competing we just because you know you have another company offering your employees more money doesn't mean you have to lose your employees you can figure out how to keep your best workers you know they're really a million people over here many of them could be starting the next microsoft the

next google and you know creating thousands of jobs we're letting them do that we're forcing them whether whether they want to go back or not even though they might be good afternoon for them in russia or india or china or to lead the fact is they don't have to go back i want to hear you develop you want to become an american we're not giving them a choice we're saying you know you leave because we want to get these up but so then what is it that's going on and why do we have this attitude why do we have such strict immigration policies for skilled labor are we in denial we think a bit want to go back to these countries because you know because they might not be democracies or because of poor infrastructure and you know we always think that we have more to offer. yes some of our senators lubin really a good standard of governors and well you can still immigrants live in the sixty's in the days when you had you know the only two empires in russia and the soviet union and america and it was basically one of the other the world has changed it doesn't realize that there are many many competitors do there's

a limited right now and the market to the broader the world has changed that if we don't bring the world's best and brightest here they'll go elsewhere and they'll do much better they don't seem to realize that out and look at that with the president doing the business one thing in both of these things because he wants to look after the the unskilled the illegals he's holding the. load of these skilled. in the same putting them in the same bag or it's all or nothing which is the wrong policy we need to solve whatever problems we can while we can well you definitely are not the only one making the argument that they're both important issues but i definitely heard a lot that putting them together might only be a large damage to their thank you so much for joining us tonight thank you. now like we just mentioned president obama took his mission of fixing america's broken immigration system to el paso texas today the president has already failed to pass immigration legislation with large majorities in both the house and the senate and with a newly minted conservative house it looks as if there's

a very very small chance that a new immigration bill could pass congress this year so if there had any hope for obama to get on the good side of the hispanic population r.t. is among the liberal has more. click comes to let you know issues when it comes to issues of education and health care and immigration reform particularly in the state of california where there are four five issues. the comic is a poli candidate more than two years ago california latino leaders praise candidate obama as a person who would make immigration reform a reality today for millions of immigrants trying to build a life here the president's lack of progress on the issue has turned their american dream into an american pipe dream i think things are going to get worse. this is an immigrant from my mother despite being a legal resident he still feels the sting of discrimination and doesn't feel part of america he's competing for work alongside undocumented immigrants like santos

who is still waiting for his shot at legalisation. i won't give up i'll fight for my family i'll fight for my papers. it's not just the risk of deportation that weighs on those since the recession has seen his pay as a daily bird dropped from six hundred to two hundred dollars a week making it difficult to support his two children. just like many american families millions of immigrants are finding it difficult to put food on the table but despite these economic hardships in america many of the immigrants we talk to never to return to their home country including those who are here illegally despite campaigning on promises to provide a pathway to citizenship for immigrants many of whom have lived here since childhood the obama administration has instead bent to pressure from the right by ramping up immigration enforcement in the two years that he's been president. he

has actually. three times three hundred percent in other words. his entire term of office the higher rate of deportations is leading men. in the latino community to the president's renewed calls for reform as more empty promises to sway the increasingly important latino vote as two thousand and twelve approaches nor legally so soon no legalization will reelection so that's the basis to the democratic party and promises were made in a bid to show he is serious about immigration reform the president recently invited a group of latino celebrities to what was called a brainstorming session those who do not support comprehensive immigration reform will hopefully pay for it and those elections eva longoria in the white house hope the republican party's opposition to immigration reform will tip the balance of power in congress but while the rosy rhetoric of hollywood celebrities in washington elites continues to flow poor workers like santo's have little faith in

any real chance and continue to rely only on themselves this year this is certain they can try to get us out but they won't kick us out in los angeles. r.t. . president obama gave a speech in el paso today about immigration reform he made it very clear that he was the one to blame but the rap of any action on a bill in his first two years in office we have gone above and beyond what was requested by the very republicans who said they supported broader reform as long as we got serious about of course all the stuff they asked for we've done you know they said we needed to triple the border patrol we're now going to say we need to quadruple the border patrol or they'll want to hire fence. maybe they'll need a boat. maybe the alligators in the boat. and while some of the finger

pointing at republicans is fair can the president really blame it all on them and is that strategy going to be enough to win the latino vote in two thousand and twelve you and me to discuss this is attorney angel reyes author of hispanic heresy what is the impact of america's the largest population of immigrants angel thank you so much for joining us tonight for starters i want your thoughts on this speech today from the president i mean it was a lot of grandstanding a lot of promises again but it was it just looks like he's back in campaign mode to you i mean we know that republicans are going to go for any type of comprehensive immigration reform so is he just having fun pointing fingers and trying to make himself look like the good guy without actually having anything to back that up bill today you know president really absolutely look at least partly the republicans who are the. grassley and you get the immigration reform so you know you the political season is stuff that we have called us president obama was you're

taking full measure of a person but do you think that he really put in a good effort during these first two years of course the dream act is something that he tried to get past he invited eva longoria to the white house they increased border security but was that enough. yeah it wasn't enough and many many many people in the hispanic community are very disappointed because the president campaigned specifically was reaching out to hispanic voters by promising that he was poor excuse they were british or during his first year obviously we're now at the third year that it happened so there's a lot of people with a lot of this work that out there and the president is now going to have to reengage that because i'm going to lose that vote in the two thousand election so that's it was a bit of a political that it was a highly partisan speech. well you know one thing the president said today is that one of the main problems why comprehensive immigration reform campaign past is

because everyone's always thinking about the next election never owns everyone is always pushing this issue to the next election but if you look at you know the population of america these days you look at the reasons census results the hispanic population is the largest growing minority population so how much longer can politicians afford to just keep pushing it on well they pushed it on for twenty five years so far but at this point i think the problem is so so well though there are so many people talking both republicans and democrats that at some point with the bipartisan approach we might actually get some integration or because the alternative is we're going to have a lead of twelve million people living in a permanent second class this year or another class where i don't think it's really that. well one thing that another thing that the president said today when he was laying out his platform for how he could see it done is that if conference and immigration reform does come those who are here illegally have to admit that they

broke their law they have to pay their taxes they have to pay a fine and they have to learn english do you think that all of those are are fair requests or fair i guess mandates you can say. i think they are i think really what you what you have here is a pretty sensible approach on the people who are really really hard core in the law and order camp in the congo it's you and then of course you know for the folks that are attacking them of course they're going to they're going to walk by and see if they want to stay in this country what a path to citizenship would have probably have these things that really aren't necessarily tasteful what are going to be required that's going to be paying some taxes paying a fine or call a five color process because which one is going to be a cost for all and the people that are asking for this path are going to have to subsidize our all or part of that cost so i think those are pretty sensible ideas the president's floated this is the first time that those ideas that we talked about but i do think they're pretty sensible of a view for the republicans can't get past the election concerns and fears they have

with respect to right there the tea party activists or not we might actually be able to have some and grace reform here in the next couple of years i don't think it'll happen before the next election cycle now lastly i just wonder do you think that the drug war going on in mexico right across the border plays a larger role in nesa mean and violence has been spiking recently right forty thousand people have been killed and i guess you could say that and that's a big reason by people choose to come across the border but is there a sense amongst a lot of hispanic voters that the u.s. isn't doing enough or that the u.s. is to blame for some of those economic policies or how about even u.s. drug consumption. well obviously what's happening in mexico is is a flat out fragile i don't think that many people of hispanic community in this country think that we ought to be doing or in fact it may be arguable that people think we ought to do it little less with respect to various throw consumption well you know that is what it is and so that's that's worked with mexico

a fairly stable labor i think for the forseeable future because it's going to take a it's going to mexican solution it's not that it's not because there are there are and i want to thank you very much for joining us tonight and i'm sure that we'll be hearing a lot more and this immigration reform rhetoric as all the campaign has heated up thanks for having me. now still to come tonight a member of obama's cabinet in tonight's cool time where for explaining of the president's plan for causing death now that's coming up in a moment and the huge lawsuit is filed over illegal downloading of the lift movie that's now as if this lawsuit is an attempt to combat piracy corporate is just a money making scam that put that into something. that's never good and we had an apartheid regime right here in the.