tv [untitled] May 18, 2011 9:00pm-9:30pm EDT
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three broken videos for your media project a free media gun to our teeth on time. well i'm sorry but no washington d.c. and here's what's coming up tonight on the big picture. congress may soon vote on an act that would let any president functionally engage in warfare anytime and anywhere without the approval of the house and senate so there's this provision and the potential. for it the swiss banks the u.s. is becoming the hot spot for offshore accounts for foreigners and get this it's tax free a much longer will we let the narco traffickers around the globe use american banks to launder their cash and indiana governor mitch daniels is adding fuel to the republicans war against women like mandatory reproductive screening for planned
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parenthood patients who rely on medicaid so what's the fate of needy women who should stay. here longer cayman islands united states is the world's biggest offshore tax haven that's right even though the i.r.s. is looking for tax dodging billionaires have stashed their cash in offshore bank accounts the truth is america is actually home to some of the biggest tax free offshore bank accounts in the world a department of commerce study revealed that the u.s. banks are holding three point six trillion dollars belonging to foreign appositive that's because under u.s. law and nine u.s. citizens can deposit as much money into banks as they'd like with out paying taxes and without having to read. their deposits revealed to their home countries canada
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is the only exception is really a better actor the united states so kind of foreign money is holed up in u.s. banks and what effect is our tax haven policy having around the world here offer some answers on this issue is michael hudson staff writer at the center for public integrity and author of the book the monster a gang of predatory lenders and well street banks bankers fleeced america and spawned a global crisis michael welcome aidan banks toure's it's. part of my life so what's going on here people put money in u.s. banks. in ways that they couldn't do in their own home country and that you and i couldn't do here. you know latin america is a big market for american banks lots of folks in mexico venezuela and other places are putting their money here they don't have to pay taxes on it it doesn't have to be reported there are certainly some narco. traffickers in other public officials who are doing the sort of typical money laundering there's also
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a lot of average folks you know plastic surgeons dennis architects who are you know a fluid lot americans who who are putting their money up here because they don't trust their banks or is it because they're trying to get out of the clutches of their version of the i.r.s. well it's probably coming from for some people it's probably a combination of both and for many people it's one of the other i mean definitely there's concerns down there are about stability of the banking system stability of the political system. but there's also a lot of folks understand that just one bank my recollection is it was well copious so this news story a couple of weeks ago that that one bank could handle more money as i recall is claudia than a quarter of the country's g.d.p. i didn't see that but it would be surprising if it was some just incredible number . if i'd go to a bank and used me ten thousand dollars ninety five thousand dollars if i go to a bank and i've got my. five grand
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a microphone and i just say i'd like five thousand dollars cash please or if i take five thousand dollars cash and say please deposit this right my account my bank by law has to notify their part of homeland security and the internal revenue service and if you've got fifteen hundred dollars in the bank and they pay you interest on that during the year they have to send a ten i'm to the i.r.s. at the end of the year right if i'm a narco traffickers from colombia or if i'm a weapons dealer from mexico or pretty much anywhere else i mean you know this is not limited to south america if you know if i'm some rich you know a buddy of silvio berlusconi's in italy and i want to stash my money in the united states and bring it into suitcases whatever it's there's no problem. well they're supposed to be looking for the for the real for the truly bad guys for the narco traffickers in the money launderers but you know it sometimes is a needle in a haystack kind of thing that's hard to find these folks was anybody actually looking. i mean we have a situation here in the banking you know the arguably set up of
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a increase or banks were aggressively looking for people who couldn't afford to buy right just so they could make the commission i mean these bankers actually have any interest in weeding out potential clients who could be very well they have an interest and not being caught not doing their jobs not you know checking for money laundering in you know there are banks that have gotten in trouble like riggs bank here in washington. have been taken to task for that kind of thing but there are also financial incentives because the more money you get in your bank the bigger you are in them the more money and the more you can lend the more you're all right stuff what impact is this rather bizarre banking policy here in the united states having on other countries and is this something that is is this as it always been this way well it hasn't always been this way but it's really been a problem since the one nine hundred seventy s. most of the experts i talked to said it was in the seventy's it's citibank and other american banks really. i started going aggressively to latin america to start
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trying to draw and fly capital to bring it to the u.s. and even though you know there was a lot of the expelled lot written about. big banks lending to latin america they were actually in many cases taking out more than they were lending out very interesting and you said it hasn't always been this way this is how when when and how to change is the consequence of the deregulation craze of the late seventy's and even that's what that was part of it part of it was just just banks looking for you know looking for new markets looking for ways to make money so it started really they began getting aggressive about it in the seventy's eighty's ninety's and have continued to this day trying to solicit deposits in and bring money in from. from out america including drug runners and gun dealers whatever is there any what agencies responsible for oversight.
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you know there are various agencies including homeland security that are supposed to be watching out for or for money laundering and money that's that's being pushed through by terrorist and narco traffickers in terms of just the average sort of sort of. fluent tax evader from from mexico there's really nobody in the u.s. who's really watching out for that right now and there is a proposal right at this point where they are asked would like to require the banks for interest paid to. foreign nationals living outside the u.s. that has created kind of a farce or in the banking industry is really upset about this they believe it's going to drive capital away and they say and you know they also argue that it's going to put people at risk because if the information gets leaked then it would put put their customers at. at the mercy of kidnappers the same are going to u.b.s. was making when when we discovered there were sixteen thousand and nine.
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millionaires and billionaires who were literally hiding money there toward taxes i mean most most of the you know the sort of tax evasion experts i talked to say that there's really no difference between what u.b.s. was doing to us than what we're doing to mexico and other countries i mean it's amazing michel thanks so much for coming by thank you sure the information with us for moving american jobs in factories overseas and then letting foreign billionaires use our banks as to actual terms what else they were being used in the global economy since when did america become the sucker that's right since reaganomics. last week indiana governor mitch daniels signed a bill that guards state medicaid funding from being used to planned parenthood i mean the poor women can't get perhaps mirrors and breast exams and planned parenthood clinics anymore this is in the could affect the health of nearly ten
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thousand women in that state it's just the latest assault the republicans war on women from restricting abortion rights to ignoring workplace discrimination to cutting those safety nets for single mothers so conservatives just throwing women out of the party katrina pearson doesn't think so she represents the dallas tea party and is the national grassroots director of the tea party review the train is in washington d.c. today to hold a press conference and lies a little off the wrongs of the right focus and how the tea party is anti over its leading roles to women to shape the agenda trying to joins me now to talk more about the issue katrina welcome thank you for having me pleased to have you for your press release for your conference today said what the tea party movement is showing is the leading role women have in creating and promoting the tea party agenda yes tell me about well i think it's fascinating because i've spent so much time over the last two years traveling across the country and what i have learned is that the majority of the active tea partiers out there walking the precincts making the phone calls and educating their community. these have been women and
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women are highly undermined in the community these days then and so what we wanted to do with the magazine is to show just how important conservative women are to this movement for example if you look at sarah palin and how she was treated so poorly by the media the women's groups were not supporting her even though she was you know by all means truly completely unfairly and then we have those of the likes of michele bachmann now who's bucking the establishment just as the tea party wants the republicans to do and yet she snubbed by the leadership and threw a little concern about michele bachmann saying things like you know the fathers of this country about slavery you know she just but she keeps coming out with these propositions well i think everybody does when you're under so much pressure to perform and to really get your point across i think everybody says things that maybe come out the wrong way i have met her i like her i think she's she's very strong in her views she votes conservatively of that's really what i'm more concerned about you're talking about women playing a leading role if you party movement and you know i get it that
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a lot of the foot soldiers shall we say probably off military better for one talking about women but on the side like another are women and i'm guessing that's probably true in the uk as well you know a lot of people who walk precincts are women. but so much of the money that created the tea party came from the koch brothers david jones koch billionaires and dick armey a multimillionaire and they're funding so many of these groups that are pushing the tea party the big p.r. firms on the west coast and here in washington d.c. they are pro the tea party i don't see any women in the actual leadership well i think that's where you're wrong i don't think the koch brothers are funding the tea party or anybody else for that matter i have is thing to paycheck and i've been doing this since the beginning i think that dick armey has freedom works which is not the tea party movement but they do work collaboratively with tea party groups so tea parties are not funded by any particular republican group or. any particular
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you know brotherhood as such we are self funding and if tea party groups choose to work with those groups who can provide additional resources to help get our message out i don't see a problem with that bill we welcome funding if there's any out there for why would women work for a group. and not just the tea party but the more conservative agenda in general but you can look at the legislative record here trying to redefine rape as you know you have to prove that it was forcible. fighting equal pay for equal work. the do it you know defunding the women and infant wic program when temporary assistance for women infants and children in crisis i mean literally defunding that so that they can give tax breaks to people like the koch brothers and dick armey i don't understand why any woman would support that well i don't think that they're defunding those programs to give tax breaks to those i think what they're talking about is the principle of defunding the whole social life agenda and a whole because when you do look at let's say where i come from the welfare state
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built those systems out in texas i came from the other side of the tracks i grew up you called on the wall first to the welfare state yes i come from the welfare side of things public funding food stamps medicaid you name it we had it in my family ok and what happens with those programs is it creates a codependent society where you've done pretty well i've done pretty well because i have not been absorbed to my environment but i will tell you that i have the opportunity to be around others i'm adult who had different ideas and i was exposed to the not everyone is so lucky but the women who fought for you to have that right and for that matter i mean you know lyndon johnson he cut poverty in this country for years with the great society it created to a large extent it created much of what is the day in particularly in african-american communities a middle class who didn't it literally never existed the united states. i don't see where. what am i missing here you know what you're missing is the african-american
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community day is not that of the days of the past and that's part of where the confusion comes in as we keep it i mean the large number of people with in poverty you know this is actually white it's there's it's you know you're trying to make a correlation of times of the sixty's and sixty's as opposed to two thousand and eleven although what i'm saying is that is that lifting people out of poverty doesn't keep them in but that's the point you're not lifting people out of poverty by keeping them in poverty that's the point. of the program are the people who fight for minimum wage keeping people in car no i don't think so i really what happens when you fight the minimum wage is you you expand the the the gap actually between people who have been the have nots and we talk about poverty which poverty level of the most recent. well they're fighting the concept of a minimum wage increase but if you look at in general what we're experiencing as
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far as raising the minimum wage what does that do raising the minimum wage as it was part of it doesn't put more money in some economy that doesn't stimulate he was three years every single time a minimum wages increase g.d.p. is going to look a so if we're if raising the minimum wage is so important then why didn't your palosi exempt people that work for her wage increases i have no idea i don't even know that that's the case but it's i'll take your word for katrina thanks for dropping by thank you very heavy with us let's just hope women around the country are paying close attention to the political landscape on the twenty trouble washington you're seeing will be moving to the democratic party in droves. after the break details about a provision that would allow any president functionally to engage in warfare anytime anywhere.
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teaming with the newseum here in washington d.c. google unveiled a new duty you tube channel that honors journalists who've been killed in action the risks and sacrifices that many have made in order broad as with accurate information our remarkable said you tube blogger steve grove channel features the work of fallen journalists and can be found at youtube dot com slash journalists memorial check it out the bad rick santorum the republican presidential hopeful fired back at john mccain who said that enhanced irrigation techniques like waterboarding simply don't work santorum responded that mccain doesn't understand how an answer addition works. the guy who's actually been tortured doesn't know how torture works but santorum who's been a career politician knows everything about torture santorum is also the guy who used to. and as we found out u m d's in iraq i think we found a new campaign platform for santorum both santorum is
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a frothy mix of lies and nonsense and no googling and the very very ugly eric cantor yesterday the house majority leader spoke to the c.m.e. group the world's largest operator of two riveted markets you know those secret markets the played a big part of the financial collapse a few years ago and what the cantor promised these banks tuesday do make sure they can ruin our economy. we want to help if we. go to air or if you see. it as like fairly trade we owe so that it's. sensible oh. i don't know by you but i don't want the guys who just wrecked america to continue to lead america publicans of paving the way for another financial disaster and that's a very here. it's
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time for our daily poll your chance to tell us what you think here's today's question newt gingrich and john edwards both had affairs while their wives had cancer so why does the media treat gingrich differently choices are a republican seem to be more easily forgiven than democrats or be you know continue to ignore this apocrypha see we're going to target dot com let us know you think the poll be open until tomorrow morning. crazy alert meet don gorske the man who owns the gross world record for eating the most big macs but i was nineteen years old my first thousand big macs and it's kind of like i thought like a man now how long before i have. both i'm here twenty five thousand rb all the retired well what's annoying i say on super all of the phone but i am retired and
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stuff and it's kind of like you don't want to remark. so long as to reach a milestone i. go. in there already yesterday to find the lack of donald's he set out to eat his twenty fifth thousand big mac. a feat thirty nine years in the making way back in one nine hundred seventy two year three big macs to purchase to celebrate purchasing a new car since then he's only gone eight days without a big maca most of the day needs to a day not right for quite a while for them just to buy six on monday and thursday and come here on and on one day after event of my past you can see my big macs stack on the fridge or even see them stacked in the freezer and i use them up and thursday i go back and buy it and i'm good for the weekends i get my working week. until i die but for those of you think that they will be sooner rather than later consider is diet think again
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gorski is actually in pretty good health the true build low cholesterol i think that's because he represents the next evolution in humankind an animal that actually thrives on junk food. after the break conservative strategist heather ceremony reporter for the daily caller amanda kerry join me for tonight's along liberal midweek robert. let's not forget that we had an apartheid regime. i think. either one well.
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we have the government says there's the can feel safe get ready because of their freedom. you know sometimes you see a story and it seems so silly you think you understand it and then you glimpse something else hears you some other part of it and realize that everything you thought you don't know i'm sorry is a big. fat . for.
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you need to know this is a perpetual war about to become the law of the land the house armed services committee recently passed a national defense authorization act a bill that authorizes funding to the department depends and the constitution actually requires must be passed at least every two years and very deep within the bill in section ten thirty four there's a provision that reads congress affirm. that the united states is engaged in an armed conflict clicked with al qaeda and taliban and associated forces and that those entities continue to pose a threat to the united states and its citizens the president has the authority to use all necessary and appropriate force during the current armed conflict pursuant to the authorization for the use of military force until the termination of hostilities but that in english it lets our president commit our nation to endless war and so every single terrorist on the planet is that and if president obama doesn't want to take advantage of it you can bet if we get another bush in office
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he will the a.c.l.u. calls this provision the single biggest handover of unchecked war authority from congress to the executive branch in modern american history. of american history frankly section ten thirty four was slipped in by republican congressman buck mckeon the only man and only one member of the armed services committee voted against the bill democrat john garamendi garamendi offered a an amendment to strike section ten thirty four but it was shot down eighty in the way for endless war and endless profits for defense contractors who throw in huge campaign contributions so when this bill fundamentally changed our nation goes to war for more on this i'm joined by a man who knows war well a decorated war veteran and longtime congressman from new york charlie rangel congressman welcome. thank you thank you and what do you make of this provide for a vision are you concerned that we're becoming a perpetual war machine. it is so scary but the nation and the people of
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this country have accepted presidents going to war and i think mainly because they haven't lost any of their loved ones there's been no scream you know it's not only unconstitutional but it's absolutely immoral un-american to say that any president without notifying the congress without sharing what threat there is to the united states this doesn't require any of those things it's not against any nation in the face in the flag is just that if you if it's like the cato to taleban i hope maybe you know they didn't have any hearings on this at all and as you pointed out it was just folded to defense authorization but it is so immoral that is the protection of human life and the ability for anybody you know america's the good guys but a lot of bad guys do these things and we're critical of them to just take up all
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people without any justification and as you pointed out you can trust obama but you have to love and trust the constitution this is so bad article one of the constitution which defines the powers given to congress as opposed to article two for the president article three for the judiciary article one explicitly says that only congress has the power to declare war the president doesn't why would congress hand this power off to the executive branch for ever i mean is the result of defense contractors just you know buying off some congressmen or is this some kind of temporary insanity i don't understand where this came from. well. either i hate to believe the value of human life goes below the interests and contributions from defense contractors but i tell you this if we don't hear now
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from our spiritual leaders whether their rabbis priests or ministers is a moms' the you know they should be screaming out any country especially our beloved united states of america to this give this type of a thirty to one person you know it's not the congress the brightest people in the world but they represent the entire population of the country for one thirty five of us we have to answer to our constituents and when they go when we have to go to funerals as i often do i have to explain to the ones what it was all about and now the congress even cut out from just following the president wherever they've taken as we have not had a constitutional declaration of war since franklin roosevelt and it's shameful and it's unconstitutional in fact i think the last president to not have a war during his presidency was jimmy carter.
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