well intel are going to washington d.c. and here's what's coming up tonight on the big picture the u.s. is rapidly dropping further and further down on the economic totem pole so america is no longer the top autonomy in the world or even in the top three then when we consider changing our tax cuts and free trade economic policies and the state of georgia and with the more help in their fight against illegal immigrants actually cab drivers i'll tell you how the peach state wants in terms of drivers immigration agents and why cab drivers don't like the idea one bit.

bad news for the economy but reserve chairman ben bernanke he gave a sobering description of the u.s. economy yesterday saying the growth is slower than expected inflation higher than expected but as well the fed is lowering economic growth expectations bernanke gave this troubling response. we do believe that growth is going to pick up going into two thousand and twelve but at a somewhat slower pace from than we had it dissipated in april. we don't have a precise read on why it's. a slower pace of growth is is persisting that's right the chairman of the federal reserve just admitted that he doesn't know why it was slow growth this persistent brett bernanke he did point out factors that can further weaken the economy like a financial crisis in europe is greece recent moves closer and closer to the edge of default and bernanke you noted that the deeps spending cuts republicans in

congress are pushing for would be. negative for job creation that echoes what the congressional budget office said yesterday about the republican spending cuts that will slow the economic recovery speaking of those spending cuts budget negotiations to prevent our nation from defaulting on its debts fell through today as republican house majority leader eric cantor walked away from the negotiating table and this breakdown in budget talks comes less than two weeks away from president obama's july fourth deadline for having a deal in place to raise the debt ceiling and amid warnings from various credit rating agencies that our debt will be downgraded if a deal does not reach so in other words we are nearing a tipping point in congress doesn't seem to have an answer and while our nation is looking for a way out of economic catastrophe other nations are booming and a report released today by citi corp predicts that india will surpass us as these second largest trading economy in the world by two thousand and fifty china's expected passes in just a few years so when the u.s.

drops to third in world economies then you can we finally admit that three decades of reagan tax cuts have exploded our debt at three decades of free trade policies and killed our manufacturing base and the three decades of shredding our social safety net have decimated the middle class parents talk more about these issues our democratic strategist erica community and georgia are casey chairman of the national eagles and angels association erica george welcome. thanks for having me rishi it jarkesy right i mispronounced your name george i'm sure i'm supposed to see great thank you yeah the talks are breaking down there's fear about race is this is this about george first to you it eric cantor walking away is this because he thinks that there might be a possibility that they're going to have to raise taxes and doesn't want to be the guy who has to deliver the news or is it because the tea party caucus in the house and cantor really are going to hold the line and they're willing to blow up the

u.s. economy in order to to be ideologically pure. well i don't know anybody that likes to deliver bad news so you think that's just the bottom line eric cantor doesn't that the republicans are going to go along with raising taxes as part of this deal and that's why he and john kyl are backing out of this. oh no look i go i don't think i think from the republican side of things you look at what's going on from an economic standpoint and you. look republican democrat nobody likes to deliver. a line different than where you've been but when you when you look at where we're at. and you look at. the situation you. have a crisis you have a crisis and from a bad standpoint you know the debt is what everybody is focusing on right the debt and the economy and jobs and should the government create jobs but the job of

government doesn't create jobs they set the table right and so what you have to what i really think the people have to focus on is the debt is a is an issue but the bigger issue is the condom is not growing the bigger issue is that we have seven point seven trillion dollars of regulation on a fourteen trillion dollar economy we have other issues and the debt. because of. the debt ceiling is the issue here that we you know if you think that the economy is the issue then wait until we don't raise the debt ceiling and suddenly our economy collapses as we know it in the fundamental principle in which our economy is founded on and based on is that america never default on its debt it case down its staff so we're going to embrace this and kind of roll this back and we're going to see the reverberations throughout the world economy and i think there's two there's two ways of looking at it either one eric cantor really did throw a fit and walk out because he didn't want to talk about taxes in which case and

what he's president is a massive lapse in leadership he is the majority leader and leadership sometimes means sitting down at the table and not just jumping off like a child and there's a bird in the leadership and the reason why people like you know representatives to go to congress is because we expect people to go in there and work it out not with . walk out so if that's one thing then that's a huge lapse in leadership in eric cantor's you know you know part of the second thing is true that you know he just knew that tax cuts were going to come down and he didn't want to be the guy who had his fingerprints on it and that's also a giant lapse in leadership if you ask me i mean if you're not willing to do the right thing or do the thing that you need to do that you're going to pass the buck on to it is somebody else in their leadership party or you're going to kind of stand away stand down from it i mean you should not painted yourself into a corner over tax cuts ronald reagan raised taxes eleven times and it's eight years in office working class people on cut taxes three times are very very rich it's very true but the point is is that it's not as if this this doesn't become this is

become now this big hole the grail the the untouchable and it didn't used to be that way absolutely and george you know i don't get this you say that the government doesn't create jobs and yet during the great depression the government i mean we build dams and roads and bridges and and built the infrastructure that allowed the economy to recover but you know i don't understand why republicans don't want to do what dwight eisenhower did in the one nine hundred fifty s. and use government money in between the g.i. bill and the eisenhower highway program he set the table for up to three decades of economic growth while why are republicans unwilling to do what republicans traditionally do. at the top of our story by the way that i was ninety one percent . and i said in there how much percentage of the you know what you go look at is you've got issues where you've got over a glacier and burdening the country you've got issues where we are who we are it is

the banks are let less well regulated now than they were during the eisenhower administration i'm glad you labeled a problem during the eisenhower administration you don't have that now we have we have removed regulations that were in place during years and capitalism was never meant to be completely without regulation adam smith talked about the invisible hand this idea that this is you know suddenly this free open market will really because there's trying to not believe that there's you know there's interest that completely hold on to markets and then there's been a narrowing out of allowing small businesses to thrive in that there's been a disproportionate amount of support to large corporations as opposed to you know the middle class and i think that this isn't exactly the capitalism that you know that we had signed up for as a country you know i hear i hear george's positions and points of yours there and it almost seems like the left and right in america are talking past each other and and like you know we've we've got our own you know there's fox news on the right and m.s.m. b.c. and others are. current on the left and different websites and so are we are we

like on the verge of not a shooting war but a civil war of some kind it's this is it seems almost like our country is being called say we're on your i'll tell you what we have we have a lack of leadership on both sides they're our country we've got serious problems and this country needs to unite and fix these problems and the problem is not just a budget issue is that you go two years without a budget you've got deficits you've got small business can't get loans you've got small business can't can't expand you've got small business which employs the majority of people in this country and they can't build they're in a holding pattern where are they in a holding pattern because they have no decisions on taxes oh so dirty holding pattern is that i have customers over to sit here in a holding pattern because i'm going to join i have monopolies even to. i will agree that there has been a holding pattern in congress but i think it's been a digging in of their heels i mean the fact that the ryan budget that was passed in the house had absolutely i mean normally when you do

a budget you kind of you put some stuff in that you know the other side would want mean this was made as a partisan kind of platform it was not meant to ever pass the senate it was this knowing that it couldn't pass because i mean it was a posturing it wasn't taking it seriously and this came going back to the debt ceiling the fact it was even a conversation at all is entirely posturing and i would say akin to kind of you know i mean it's a bunch of people who are running up against the cliff and staring over the edge and saying you know not me i'm going to go around their fingers i mean it's literally it was a ring of the worst kind. but i got to tell you i've been on businesses from small restaurants to manufacturing to churches non-profits and we have never operated more than one without a budget in our country has gone two years without a budget not told the congress leadership i'm not i'm so but it's their entire government leadership is broken our entire government leadership is broken. well and this is you know mitch mcconnell said his job his number one job as leader of

the senate is to make sure that the president obama is a one term president and here i am not his job was to represent if you could kentucky here you go his job is to quit being a poll pleaser their job is to quit being a poll pleaser to stand bold and to do what's right for the american people of the what's right for their can people is are are not things where government programs government employees are making fifty percent more than the same employee in the private sector which is not a good place to be got out of the plethora ga ga if you're if your whole argument is that everybody should fall to the lowest common denominator the big corporations are driving you know i know i'm an awful radamisto my people are going down but i'm already laying back out there millionaires who haven't who are paying an unfair you know part of their you lower taxes and since age twenty i don't know that but we are we are out of town and we're out of time here i'm sorry we've just had a rabbit out ok erica george i really appreciate blanket being with us this year she added thank you for having me i think.

it's time for a daily poll your chance to tell us what you think here is that is a question the republicans are driven by putting one man out of work president obama your choices are yes they want to crash the economy so president obama loses in two thousand and twelve or no this is just standard operating procedure for the g.o.p. log on it's on our blog about what you think the poll be open till tomorrow. crazy alert meet the friendly frack a saurus talisman energy a company that specializes in fracking blowing toxic chemicals underground to extract natural gas launched a new campaign to make what they do more appealing to children it's a coloring book for kids starring tells when terry a friendly franken soros and his adventures around a pristine environment with a smiling sun at the animals and trees that the pictures depict that the only

different thing between that fracking does to the environment is produce a vibrant rainbow yes fracking causes rainbows according to talent energy he didn't know that overall i guess the friendly fracking source is a better p.r. strategy than saudi how your company contaminates water supplies all over the country it's unclear if other industries plan to jump on board with similar campaigns i can see the nuclear industry's radioactive racoon being a big hit or b.p.'s oily otter. coming up if you think republicans and democrats rule congress in the white house think again ok about the real particles there's a hint of criteria for membership is lots and lots of. let's

not forget that we had an apartheid regime right now and. i think. even want to well. we're never government says they're the safe get ready because their freedom. you know sometimes you see a story and it seems so for like sleep you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that

everything you thought you knew you don't know i'm sorry welcome to the big picture . for. two criminal corporations are fighting over forty billion dollars b.p. file a forty billion dollar lawsuit against trans ocean the owner operator of the oil

rig that exploded in the gulf of mexico last year killing eleven men and spewing millions of barrels of oil. maybe even billions into the gulf in response to the lawsuit trans ocean released an internal report painting all the blame for the accident back on b.p. transocean claims b.p. made a series of bad decisions on oil well designs and construction that increased the likelihood of an incident according to the trans ocean report b.p.'s bad decisions are motivated by b.p.'s knowledge that the geological window for safe drilling was becoming increasingly narrow so while these corporations fight over who's shareholders will reap the benefits or pay the cost of a forty billion dollars claim are still levon men dead because of negligence on the oil rig and there's not one person who's in danger of going to jail over what's going on here. well this really when you think about it the whole the whole situation between strands ocean and b.p.

is a symptom of a much larger problem that this is you have to ask yourself the question why why aren't corporate c.e.o.'s in jail for example you know the majority of americans would like corporate c.e.o.'s who committed crimes to go to get nailed why are why it would want americans opposed tarp tarp passed the majority of americans are not in favor bailing out the banks there's a lot of a lot of help break them up and it's what reagan did with the. the majority of americans were opposed to extending the bush tax cuts for millionaires and billionaires and yet the extensions passed the majority of americans opposed the foreign wars you know we're not well over sixty percent of americans want us out of iraq and afghanistan and yet we just heard oh it's true it's going to be a couple more years maybe even longer americans oppose subsidies the oil companies and yet we're still giving them three billion dollars a year which is given to the american support making corporations pay their fair

share like as in taxes during the eisenhower administration corporations paid about thirty percent of the cost of running government today at six percent why was this if americans like it and we're not it american support unemployment insurance and food assistance and yet what's happening congress right now i mean they're negotiating doing away with these things republicans have put proposed legislation cutting these programs americans oppose cuts to social security and medicare and guess what's on the table right now in this whole budget mess that started out with with the whole reagan idea of let's let's bankrupt the government so that the democrats can play santa claus. you know it's frankly not the republicans and it's not the democrats michael collins has a great blog it's called the money party dot org and he calls it that he says it's the money part and i think he's spot on i think he's nailed it they have one mission to make more money at all costs period now historically we have

had if we look at presidents through the course of american history we've had a couple of presidents who've been willing to take on great well the michael collins calls the money just been around for oil basically forever i mean really with the rise of the railroad barons relating to hundreds was really got big really started and the last to do that was have t.r. he talked about taking on a dictatorship he said america should not be mob rule or the overprivileged are right here in this. economic royalists some flame away saying go up throw the institutions of america. what they really claim. is that we take away oh oh really just.

a really good so america. great. feel about throw. in famous they speak the day in this but i in the flesh and. then the blindness they booked. was going to constitute. so low as zero is zero zero us century enough. well. but. then again. and be all about privilege. and the overprivileged alike the last president to

seriously take on what michael collins refers to as the money or any did f.d.r. put him in a box he passed laws like the glass steagall for example in one nine hundred thirty five but put the banks in a box and said you know behave like banks can't be able at casinos anymore we've got blown up in one thousand nine hundred nine two thousand and what we've seen now is that starting with the reagan presidency when reagan stopped in force in the sherman antitrust act jimmy carter was the last president to really do that breaking up eighty n.c. when he stopped enforcing the sherman antitrust act we had this mergers and acquisition frenzy they refer to it as the emanate mania orders and acquisitions michael milken and all these guys and the result of that is that we have these basically oligarchy we have reason giant corporations that are keeping out small businesses that are preventing entrepreneurs and starting up that are stifling innovation in america and that have bought and they're buying our politicians and with the complicity of the supreme court we need

a president mr obama to stand up and say no to the money party and when they when if you do or if any politician is frankly the american people are going to be with you because the american people get it the corrupting the corrupting influence of money in our government is is a horrible thing and it's time for it. just . for the good the bad of the various good tast equally ugly or good democratic representative carolyn maloney and senator bob menendez it is after the supreme court like corporate giant wal-mart get off scot free with discriminating against one half million female workers these two lawmakers reintroduce the equal rights amendment which simply states equality of rights under the law shall not be denied or abridged by the united states or by any state on account of sex congresswoman

maloney defended the amendment by saying women in america will only achieve equality the workplace if it's written into the constitution she's right and we're a couple of hundred years away trying to pass the equal rights of the bat herman cain the republican presidential candidate doesn't seem to be taking too well to jokes it is expense on jon stewart's daily show cain fired back this week with this . big moment. i owe oh. here you will see it is. going to matter most to me. because i happen to be a service in the words of my great american. you're a target on the daily show because you're black. i want disturbing mr cain to realize that we all see past his skin color and see the true man a man that has an irrational fear of muslims

a guy who doesn't want to take the time to read legislation of more than three pages and i thought it would be really good at i. guess the real reason why coming again is going to be the issue and a very very ugly fox and friends so how did the morning we know it's analyze the president's big speech last night by calling how many times he said the word i during the speech take a look. the president did not mention general david petraeus not one time during his address to the nation from the cross hall last night and yet he mentioned himself a whole bunch listen to this. by the time i took up a war in afghanistan had entered its seventh year and one of the most difficult decisions that i believe. i heard of additional thirty thousand american troops in afghanistan. in total fox scout of the word was used thirteen times in our nation a war for a decade trillions of dollars lost and thousands of soldiers dead if it's

a fox news to focus on the hard hitting facts like how many times the president has a certain product and that's very clearly. coming out should our nation lead corporations make a profit off locking people behind bars albeit the issue right after the break. let's not forget that we had an apartheid regime right. i think the bombing beautiful funny well.

we have a government says they're going to keep you safe get ready because you're going to their freedom. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you saw you don't i'm sorry to see.

how about the big picture i'm tom hartman coming up in this half hour prisons and profits now go hand in hand in america private corporations are taking over our nation's prison system so one of the consequences of the opposite motive in our judicial system meanwhile the state of georgia is not being so peachy when it comes to immigration reform details of how they plan to use taxi drivers for racial profiling and his freedom of the press under attack by the white house one pulitzer prize winning journalist as you.

will remember one that is in the size of our prison population united states goes the highest rate of imprisonment of any other developed nation in the world and that's not enough for some people specifically the private prison industry the justice policy institute just released a report detailing how the private prison industry is. millions of dollars every year to lobby lawmakers around the country to pass tougher laws to throw more people in prison ideally private prisons and it's working in the last decade the number of people in prison increased sixteen percent and the number of people in private federal prisons increased one hundred twenty percent and means massive profits in fact the two largest private prison corporations in the country corrections corporation of america in the geo group rate did nearly three billion dollars in revenue last year so is this a problem in america that corporations have a direct interest in throwing more and more people in prison should we be working

a ways to keep people out of prison your offer her take on the issue is a man to carry sort of the daily daily caller you know welcome back i think for having me great to see you isn't there anything in our society that should be off limits from from the profit motive really if there is an issue for it and if there's a market for it was there clearly was not because the because of the comments because because there is this idea that that our country was founded on that there are some things the government actually should do does do well you know police and guarding prisoners is something that's should rethink to the government i think so yeah absolutely i think that you know police fire or school i mean so i think security military or a military i would say yes but we're talking housing and make them prisoners they were already in them i think that's a completely different category. because it's guarding prisoners that have already been caught and are and the prison system in or in what we put it with her.