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tv   [untitled]    May 16, 2011 6:30pm-7:00pm EDT

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let's not forget that we had an apartheid regime in britain. i think. either one well. we have to go that shows the keeping safe get ready because of the freedom. they charge in here broadcasting live from washington d.c. coming up today on the big picture a. new
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website with twenty four seven live streaming news times what to do about the ongoing financial hard unlimited high quality videos for download. and stories you never find mainstream news. so. the political. posts aren't just stand. by guys welcome to shellings tell the obama show part of our guests to say on the topic now i want to hear audio has gone to you tube this video response to one of the twitter first part of the questions that we've posted on you tube every monday and on thursday the show long response is going to be like blog.
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it's tool time award and i to go sig line back you know it's been a while since we picked on the chubby crybaby over fox news but his actions today have earned him the award on his radio show this morning back that made a major announcement about a summer event that he's going to take a listen it is time to return inside the walls let's around jerusalem and stand with people of all faiths all around the world this august joining me for an event i have named restoring courage. all is not here glenn beck is taking his message to the people of israel and calling on everyone to join
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him in a restoring it courage rally in jerusalem thank god the world has glenn beck to restore everything that we're missing and i think we all remember last summer he came to washington d.c. to host the restoring honor rally and he claims about a half a million people came out to listen to his message and we else estimate of the crowd to be that large but i will admit the defeat was packed that weekend with mostly overweight large white people wandering around all the monuments now not sure of all those folks are going to be able to make the trip to israel with you glenn so good luck with out what unless of course the tea party might be picking up a bill but let's get to the meat of this story you might be asking yourself why on earth would glenn beck hold a rally in israel things in israel are going to get bad. they're going to spread across the middle east the things that i've told you are coming will come it's only a matter of time and there are forces in this land and forces all over the globe that are trying to destroy us but remember we are the great satan israel is the
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little see. they are going to attack the center of our faith our common faith and that is jerusalem. wow so glad nothing for the disaster is imminent for israel now to be fair after what happened this weekend he might have a bit of a point not only is the arab spring changing the leadership of the make up of middle eastern and north african nations this past weekend protests took place all along the israeli border from lebanon to syria commemorating not but it which marks the declaration of israeli independence over sixty years ago now these happen every year but this time clashes including a firing by israeli forces left more than a dozen people dead and many more injured while the middle east still raises on over sixty years after israel declared its statehood climb back thinks that he's just the guy to finally fall the whole middle east peace process just like that and the sheer arrogance is absolutely impressive but the best part about glenn's
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restoring courage rally the says people of all faiths and all nations are welcome so i got a question for you glenn where the palestinian people stand there claiming a two state solution would be the death of the christian faith so are the palestinian people really welcome at the rally i'm going to go with a big no on that one looks like after being booted from his box job later this year because decided to bring his pathetic message to an international audience so let me just end this was saying world we're really sorry and that's why glenn beck is tonight's all time where. now it's been discussed at length but now it has finally arrived. may sixteenth marks the date of the government has reached its debt ceiling of fourteen point three trillion dollars but thanks to treasury secretary tim geithner's clever maneuvering we're going to be able to extend our deadline until august second of this year however geithner has warned that in order for the deadline to be extended he had to implement several extraordinary measures to
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ensure that the u.s. doesn't default so what extraordinary measures might be asking well let's look at it this way that on may sixth the treasury stopped giving out state and local governments series treasury securities the government is also going to stop investing in the civil service retirement and disability fund which is going to free up twelve billion dollars the u.s. is also going to slow investment in the government securities investment fund for federal employees' retirement so that's going to free up another hundred thirty three hundred thirty billion dollars another option geithner's consider it as having the treasury stop reinvesting its exchange stabilization fund in trade. so that would be used to buy and sell foreign currencies that's going to free up another twenty three billion dollars and just to postpone the inevitable a debt deal which will be a long and painful political process now we've heard from experts who have warned that raising the debt ceiling would be absolutely catastrophic. it would be catastrophic not just first the united states but for global financial markets if
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the u.s. did not we haven responsibly he said be its debt if we hit the debt ceiling that's the essentially defaulting on our obligations which is totally unprecedented in american history and the impact on the economy would be catastrophic i mean there would be a worse financial economic crisis than anything we saw in two thousand and eight. then again there are still a lot of politicians and many members of the general public who disagree cording to a recent gallup poll forty seven percent of the public thinks that their congress members should vote against raising the debt ceiling and if this is anything like the previous budget battle republicans are not going to go down without a fight over spending cuts that is so obviously we can expect several more rounds of contentious debates all threats of defaulting loom over congress's head but we proposed our own explanation as to why the government is agree to keep stalling on
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this deadline clearly they've heard about the rapture which are being told by metro signs and leaflets is going to head on may twenty first so that means that politicians only have five days left until the world ends at that point not reaching an agreement on that well that's just going to be a small tiny little problem so i guess they left out i days left no pressure on their shoulders and the country gets away with being fourteen trillion dollars in debt just spend spend spend spend spend and we don't actually believe the world's going to end here on the a lot of show but i think you get the point. now let's discuss a different kind of effect in this country personal that reason associated press poll shows that forty three percent of americans are suffering from debt related stress and a good chunk of that stress comes from debt collectors many claim that these collectors are going to extreme lengths issuing threats all to get americans to pay out are very important i has more. imagine
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a call coming to your home you pick up and stranger demands your money and threatens your life they have said that so we know where you live we know where your wife is you're not going to get away with this before the. bryants piece he was dealing with the mafia and i called him back to you know exactly who they were they were the voices of debt collectors harassing the fifty year old music producer over a small debt belonging to his son. party . girl with a record number of americans drowning in unpaid bills losing homes and searching for jobs i've use in the u.s. debt collection industry has reached record highs and one hundred forty four thousand complaints were filed with the federal government last year among them collectors resorting to regional slurs anti-semitic remarks and threats of rate
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certainly any threats of violence or clearly illegal contact with third party and somebody other than the consumer is here when you go on unless it is on the very specific circumstances however a debt collector is routinely violate the third party disclosure rules and contact neighbors and relatives as a means of putting pressure on consumers to pay attorney joseph morrow says most collection agents work on commission only getting paid when debts been recovered a climate of economic desperation intensifying the use of illegal and aggressive tactics just to net our bounty paycheck there are my knowledge about four or five cases of suicide coming from that collection harassment there's also been heart attacks and strokes ironically alike wind is always extended to the biggest of them all the us governments with exceptional debt of fourteen point three trillion dollars america keeps spending money printing more cash and relying on creditors
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like china who own one point one trillion dollars in u.s. treasury bonds i want to make it perfectly clear that congress will raise the debt ceiling washington gets a safety net wall street gets a bailout and the working americans facing financial hardship. is it unfair yes is the economic environment disasters right now yes it is there's been traditional. just to work your way out of these situations and those mechanisms are working anymore. sound unlikely to be heard on wall street where the rich and powerful have lost billions in past years who are americans on main street continue dealing with all the consequences. according to the f.t.c. next identity theft complaints about that collectors were the most common complaints they received in two thousand and ten and that's
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a seventeen percent increase from just two thousand and nine so we know this is happening more often then is profane abusive insulting or threatening language is all illegal according to the fair debt collection practices act so why are debt collectors getting away with all that and what can you do if you're a victim here discuss this with me is the least you reynolds the legislative director of the national association of consumer and cancellation thanks so much for joining us tonight you know like i said we can see by the numbers that he's providing that these cases are starting to go up but i do think it's happening is it because of the recession and more people are in that and we've seen a really long time is it because the information is easier to obtain for some of these back collectors because of the internet but i think you have to look at the larger context if you look at the last recent years economic growth and then downturn the last few years recession you see there been incentives for that collectors
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a lot of people forget about how that plays out on the ground which is there are huge incentives. created by financial institutions credit card companies around that collection because that was so we know the mortgages were broken up and so credit card debt was also so basic consumer debt and so what this created is a whole marketplace where it's being sold their soul or pennies on the dollar. and with this means is there's a growing industry of companies who are out there with insufficient information and groups who are harassing consumers and so they have every incentive because they thought so and haven't even verified it to harass consumers on a legit death so it's becoming this never ending horrible trickle down effect i guess you can say from also some of the factors that the build up to the financial crisis here is now we have the purchase and a lot of the information is wrong there harassing people which like i said is
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illegal so why do they get to keep doing that because the government is going after them or are not enough people doing well and fortunately. this behavior is incredibly intimidating some of the abuses that we've seen out there we've seen debt collectors calling people's relatives calling their place of employment or frankly even talking to people's neighbors and asking questions so these intimidating practices often we consumers feeling like they're helpless but you're right these practices are definitely illegal and there are some things that consumers can do to protect themselves but one of the reasons why you see this practice so rampant is because there's not enough in forstmann akhenaten the f.t.c. can't catch up sufficiently to all the deck electors that are out there and frankly by the time some consumers find out about it that there are cases already been filed in some cases there's judgments against them and those judgments are being
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collected again what are some of the worst examples that you've heard in terms of these horrible things that these tech collectors say to people because they say all sorts of things they purport to be government officials so i've talked to consumers where they received calls from the department of justice that doesn't even go after these kinds types of claims but they'll be on the phone where people are saying yes schools business targeted justice has filed this claim against you. and you know if you don't work out a payment plan with us we're going to file this claim against you tomorrow morning and it's with the state attorney general i mean they make up bogus claims and they really intimidate persons they'll call a person at their place of employment and after speak to their supervisor. i mean they do all sorts of things and situations where persons have. been subject to racial slurs on the phone. gendered slurs all sorts of abusive
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practices all of which are. are illegal as examples in a story just now to you and you know i've even read that sometimes they tell people that they should commit suicide and you know i mean if you look at it some people actually have committed suicide over the massive amounts of debt that they have so it's incredibly dangerous and of course if you listen to the debt collectors their trade associations they'll say that this doesn't represent their industry as a whole these are just a few bad seeds but is there any proof of that i mean you know like do we know within their offices are the debt collectors actually encouraged to threaten people i would say they're encouraged per se but a lack of frankly there's nothing to stop and there's. you know frankly we've heard from industry experts that there's that these companies they basically do a cost benefit analysis right so there's a lack of enforcement out there. meaning. viewers get the
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results that they want all it takes is one horrible phone call where someone's yell that scream that curse that and they'll get the results that you paid in money it's ridiculous but how do you think that makes americans feel i mean we were just talking about today we've reached our debt ceiling and this country the government just gets to use it for you extraordinary measures that it was going to push it on pass it on and we just keep raising our debt limit rather than actually paying any of it back i mean people are going after people so aggressively over what could be . just a few dollars how do you think that makes people feel i mean it makes people feel utterly hopeless especially if you think about what's happened in recent years with the closure crisis americans were pushed into pushed to consume post nine eleven one of the ways that you frequently heard leaders talk about how they could support the economy was to spend more so the recession also didn't just hurt the banks and hurt consumers who are unemployed who are christians in situations where they can
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only pay their bills on credit you have consumers pay medical bills on credit rent mortgages on credit and now when they need. they need to be bailed out they're told it's going to be there the out the. situation thanks so much for joining us tonight thank you. now coming up it's time for a happy hour congresswoman michele bachmann is challenge for debate by attempts greater over the constitution and appears that disney is going to cash in on a navy seal team that killed osama bin ladin matt welch editor in chief of reason magazine and our correspondent loren mr will join me in just enough. to give that we are in the persian. i think. world.
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we haven't got the there's something safe get ready because of the freedom. hi guys welcome to sell and sell the obama show we've heard our guests talk to say on the topic now i want to hear audio just go onto you tube the video responses are the twitter first part of the questions that we've host on you tube every monday and on the first day of the show long responses we like your voice be heard. so. so. far.
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you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else here's some other part of it to realize that everything is. going to charge. alright it's monday and it's time for happy hour so joining me tonight i have matt
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welch editor in chief of reason magazine and r.t. correspondent lauren lyster thank you for joining me this evening thank you for having i am thinking of only you get happy when on the right are very high oh no i'm don't blame it on me blame it on the waiter that are down there you guys can have my let's move on to michele bachmann who obviously likes to rant and rave and preach about the constitution and how much she loves well it turns out there is a tenth grader who decided to write a letter and she wrote a letter says i amy myers do hereby challenge representative michele bachmann to a public forum debates and or fact test on the constitution of the united states united states history and the united states civics i think that's pretty great i bet that this tenth grader would absolutely chose that school michele bachmann when you get it you see the bachmann's in so she there is no usa i like you're a no no you know what all you're busy doing your show senior adviser said now the
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huckabees gone bachmann is it in some breaking news here are you really i think or maybe you don't think i just very sarcastic i'm not. going to curse us like this more teams that was aware that a big mistake like has been a moderate i can't believe he'll even tell you you know he had already. i'm going to be going oh it's running for president. you're right there i said you know you're going to be on tuesday and you're talking about a presidential run all in favor of it. every waking second we're going to have her to kick around now for the next at least several months but they are kids to read the letter kids get a little to come with her she criticizes someone says you do you're misreading the constitution doesn't cite a single example she defends new jersey. you know and then she says names michele bachmann for bringing down women yes you have to be a credit to your gender and then she also was as a typical new jersey high school student and i'm sorry you were
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a sixteen year old girl as anyone and i'm as anybody i did because you know you're not a sixteen year old girl as it is that as an editor of a magazine i recognize false humility and so for god knows well he's willing to put herself you know in a debate part of the cameras and she says he i think the saudis are being you know you are all it takes to temper aid and for you know actually caring and following what politicians are saying i feel like come on these gaffes are made on both sides you know the aisle with with all alike not all but with you know many elected officials and i think that as much as people like michele bachmann i think it's a little unfair one tenth grader write a letter and it's a story all over the i'll tell you why because michele bachmann because the republican party in general they first of all when they were sworn in this new congress right now in january they decided to read the constitution word by word and yet they constantly make moves make statements pass legislation that isn't really you know up to par with what they're supposed to leave the constitutional is
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a little like hard bible you can use it to justify almost anything but if it is i don't tell you the whole let me read every single. actually. i don't want to pay that i actually want to move on to this thing i'm dead and sorry i'm. turning our lives when most. have decided to rake in a little on the six team that killed osama bin laden they've actually trademarked it now and that means that they're just to start making i don't know what all you know mickey year halves with with field team six next time you know the little mermaid point or part two of her shells are going to little seal team six things on and i think that's a little ridiculous to see fall company of workers if it becomes a rider are they going to deal with the osama bin ladin portion of this are we going to see a little osama bin ladin figurines in disney stores that now their kids are going to be coming for christmas i'm not talking not a little orange fuzzy about seal team six the face of a two year old daughter and so i've been making the rounds on you tube with all
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disney cartoons and i got to tell you like one nine hundred thirty s. does need big bad wolf are some of the biggest like hook nosed jews you've ever seen in your life so good are they going to change but they are seriously it's a horrible life and place a medic character and stuff but they've airbrushed whenever they release them on d.v.d. so i wonder if we're going to replace those with hawk nose osama bin then you can see. the center and what led to her tipping for basic life and the right team leaders that you're not a kid anymore nobody nobody smoking cigarettes anymore and no one is thankfully big global anti-semitic characters. i sort of bring everybody. up yeah. well let's move on to something of that the new york times aside was really important to write about today is that apparently in iraq a lot of the buildings are being painted in bright colors in candy stripes colors and it's all because they have no taste really i encourage everybody watching this to go and where you got article it's like after years of war and pestilence and
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sectarian violence iraq is facing another school. you know what advice as a. moderate was going to. you know bad taste literally i mean there's like using phrases like anarchy of taste and with no central authority dictating what buildings should look like in the main complaint is that the buildings are called a full old my god they used purple i think there was stripes that is so absurd for the new york times to be writing about something like that why not write about the fact that we still have troops there we haven't ended our war by depleted uranium hundreds of thousands and millions that have died you know let's talk about whether they have good taste or not depending on what color they paint the building but i feel like it's just that will lead us it's not enough that the united states that the west has it's imposed its troops and its will on the iraqis and on our country now we have to impose our you know what we think is tasteful and what we consider to be stylish and appropriate for you know aesthetics of the city and ever walked around i don't know the city that we leave you seen the f.b.i.
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building recently about like would be right perfectly in truck chest which remain the positive energy fascist building objectively i mean this is an ugly. place our government needed and later needed at whatever general ajami as you know any of those islands i love looking around all the buildings very nice as fellow travelers or go to italy or look down a street and every color of a house is different now i kind of makes me feel happy but. all right they ran like they were act. he looked pretty nice and i don't like my place to judge but all right i've got to wrap it up thank you guys for joining me tonight that's it for the night so thanks for tuning in make sure you can back tomorrow a recent study shows that fifty seven percent of americans don't think that college is worth it so should we be educating our views in a different way to look into it in the meantime don't forget to become a fan of the lower show on facebook and on twitter and if you missed any of tonight's show or any other nights you can catch it on youtube dot com slash the lunch show to replace the interviews as well as the show in its entirety coming up
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