streaming news tells what to do about the ongoing financial hardship unlimited free high quality videos for download. and stories you never find on mainstream news. from the. political. post and more aren't just. for. thank you. ready to roll it's time for friday night's big picture rubble

where i sit down with three extra political commentators to debate the the week's biggest stories on our panel tonight either conservative strategist of energy an owner of for forty public relations group democratic strategist erica kennedy and brian darling director of government studies at the heritage foundation and a columnist of human events and contributor to red state dot com all of you thank you but you needn't. go it's official last week debt ceiling negotiations broke down with house majority leader eric cantor threw a fit about closing the tax loophole for corporate jet owners over this week it was revealed that cantor may have ulterior motives in sabotaging the debt ceiling negotiations just as a hundred of millionaires and billionaires according to his financial statements this year he had her has a fifteen thousand dollar short on the dollar in other words a fifteen thousand dollars bet that the u.s. dollar value will plummet and there's no better way to cause the guy. to lose value

than to ensure that america defaults on its debts are the reason why republicans may have no interest whatsoever in raising the debt ceiling was put forward by senate senator chuck schumer this week says what he had to say in hearing yesterday . and it leaves you don't we one conclusion which my colleagues have alluded to which is they want the country to be in his bad shape as possible because that might help them with really all this sort of like a new fever has taken over the other side that the best way to win is hurt the country as much as you can and that will create political benefit it's just confounding i've never experienced anything like it in the thirty seven years of bit of projects so is senator schumer right are republicans trying to crash the economy to make president obama look bad in two thousand and twelve or do they just have personal financial incentives like eric cantor crash the u.s. economy right i think president obama's doing a great job in his own making himself look bad the shown absolutely no leadership in this debate and he's got to be in the debate over whether to raise the debt

ceiling what to do about the debt ceiling there's a lot of weather out there is that some reality there's a debate on what to do and what your condition it on republicans have put on the table something called cut cap and balance they want to cut spending they want a statutory caps on spending and they want to balance budget amendment here's what the president wants he just wants to raise taxes on the american people and belts a budget on the backs of the american people that's not the way to do it and i don't think there's so much pain about whether or not to raise the debt limit i think when you take pretty much everybody in this congress has already voted for an increase at one point or another in their career i mean about majority i don't think i think the problem is that there is a there is a statutory limitation on the debt it's called the debt ceiling but at some point you have to decide are you willing to what are you willing to do in order to be right are you willing to take the entire economy to get your way are you willing to in a completely throw out our or two hundred over two hundred years of having. credit

rating have incurred a crowd at a country just to proclaim this isn't like a budget standoff where you know we just aren't pirlo in people and we keep kind of the containment of the problems contained to our country this will cause why it is a discrepancy and and rocking has both ends on my estimate about what should be done with let's remember though to the debt ceiling was established in one thousand seven hundred seventeen it's not a us constitution established thing it is it's the constitution yeah i mean it's gives us a small sense of accountability and the reality is that it's not working you know we're not doing a very good job of keeping our ourselves in check and so i think something else in the time you know what we had pay go during the clinton ministration bush band of that run up four trillion dollars and so that if the republicans aren't trying to crash the economy they're certainly pushing policies that will gradually already crashing tom well it's already crashing it cannot go just came out and i should be paying more taxes that he should you pay more taxes he ought to he also do it

yourself sort of a crucial part of that is that he not going to go to the very heated debate that was happening in the beginning of six or whatever it was the had reached the point where eighty five percent of what was going to be given up was spending cuts and fifteen percent was tax increases and when the democrats tried to move it to seventy percent that's when eric cantor walked out of the room we've got a couple of graphs this is the effects of cuts we have to state we have two sets of states twenty four states have cut spending twenty five states an increase spending twenty four states cut taxes twenty five states and increase taxes we see what happens is that it's in the it's in the kubrick behind you here the states that have increased spending have seen increased spending and seemed to put two tenths of one percent decrease in unemployment that's good one point four percent increase in private employment that's good and a point five percent economic growth what about the states that cut spending which is what the republicans want to do nationally these states these twenty five states one percent increase in unemployment bad. percent decrease in private employment

bad and a two point nine percent economic contraction so the here's a here's another one this is this is you know that arguing that taxes on the rich don't lead to job growth this is fifty years and what we see is that when taxes are the highest of seventy five percent and to eighty percent sixty nine to seventy five fifty percent. the job growth is greatest in those years when the taxes on the very rich are lowest job growth is the worst so you know if this is the republican sticks let's let's do what these twenty five states did and shrink things it's going to kill the economy or let's cut taxes on rich people is going to kill it seems insane don't want to cut taxes of all americans not just rich people and rich people those evil rich people are going to be job creators but. please explain to me the economic theory that when you raise taxes during a time of economic bullies that's going to turn the economy around and i don't understand how it's going to make our economy better resort raising the tax you are

going to start in the one nine hundred fifty s. the sixty's right and spending isn't going to naturally suddenly make growth in the economy the economy doesn't care where the money's coming from government spending a certain part you see more. of the kind of overall economic moneys that are out there in order to kind of help kick start the connally and then if we've learned one thing that tax cuts don't create jobs i think that pretty much does prevent because the stimulus was still the largest tax cut in american history that this president president obama the president everyone says you know hates the wealthy and is giving nothing but trying to raise your taxes has the largest tax cut that you straight that's what i mean it is true i think we are just becoming way too dependent upon our government i think there needs to be a foundational shift in the way americans a new government and that's going to take a little bit of time i think a space happiness and a great argument office you know not this idea that our government somehow some hateful thing that no no it's not a very thing there is a government well who i would. here's private enterprise private enterprise not

business as a government government because already made a start but there you go isn't here somebody who is not so much going for a long term job specially i disagree with all three of you the real job creators are people spending money so now the question is how do they get the money and that's that's the that's the debate that's been going on in the keynesian model if you give them the money it john maynard keynes says you hire someone to do the whole you hire another guy to fill a hole both those guys are going to end up going to the local store and buying clothes which are going to them cause a need for clothing or it's going to it's going to build the economy and then you know those people that are making a close to believe that a small business owners are about to ban produces opportunities also to the workers that are actually selling the clothes and that's another issue here cheer is that this idea that we're just going to get these tax breaks or the only people that need help are the actual people who own the clothing factory not the people who are working there that still need to be able to then make enough money a living wage need to be able to have their meaning to not just unfortunate burden being go which brings us to michele bachmann same let's do away with the minimum

wage there's nothing wrong this is to say no it's not and say you can would actually increase employment if you got rid of the minimum wage tomorrow it actually causes people to go on unemployment i actually know people that stay on unemployment a little bit longer because why go get a job when you're on unemployment benefit because most people actually go out and i don't claim it benefits that you have to be actively seeking work it's not like we just pay people to not work and this is the kind of software and there's a hassle associated with do we really want to be a nation we do we want to be the next mexico do we want to be a nation where people were working for three dollars you know it was a serious look if you're going to high school and if you can't get a job you can blame it on the minimum wage well this is a high is there's an incentive i don't know for it i've been hearing a lot of these don't hire people outside of the economy and they go and maybe hire illegal immigrants i mean if you're a while and you get a job because senior citizens used to be able to be able to pay for their you know their lifestyles security and medicare. well to retire at

a real meaningful age they've not had to go back and people of college degrees that have lost their jobs or people that have been training factories are now going working at loans or going and taking as minimum wage jobs and so that they have everyone if there's also big problem in this country under employment and that's another huge issue that we have to see where people's incomes and it's going to be sure the economy is not by making our government bigger and making more people penned upon that government i think it's fair to say that the same with operations corporations can't because if the oil companies can't use depending on the cycle now that i'm thinking how can i agree with that same that same idea holds true for companies but the. stimulus plan was a great example of why you can see an economics is an abysmal failure it didn't work they just don't money into the economy will it work in the great one herbert hoover was following was following the conservative model for three years so we're going to melons put everything don't do anything it was you know there's not enough there was too much need to do you see the world war two is what restore the no what

did what you want us out of the great depression it was either keynesian economics or it was world war two you're seeing all the government money that was dumped into the economy created demand and started to be assistance was for that sort of so i don't think that's true and i thought then what happened i think for how do we get out of the great i mean i think the free market kicked in and worked and this was a time when you had the government spending much more on steroids and you'd rather government program social security which how this than a safety net which then allows me that i'm not seeing really be on your toes because i mean we are our heart when you stop or something in the one nine hundred sixty s. and it keeps on growing and growing and growing then we find it in the year two thousand and eleven it's a burden we can only carry so that's why i say i mean i've talked about this before in the show means testing for medicare needs fast thinker so security let's just call it is roeser here it is welfare. why don't we call it what it is having a decent society where everybody has access to the human right i think it's no decent to say that we're actually our health. being up for it we actually are

helping people who actually need help not people who don't want us to do so well i mean i think it's a good discussion that it is and i'd like to ask one i want to get to one last topic in here which is completely off this and just we just have a couple minutes left. you know or. just got out of jail today one of three things apparently is happening either he's a needle rapist and this is a classic example of rich white guy goes up against poor black woman and she gets squashed like a bug or. apparently she's hangs out at this restaurant were the owner of the restaurants friends with serco z. who stress comes in to put out of business so there's some horrible conspiracy or i don't know what to option three with any thoughts of what's going on here and how this is you know what this really was because they were actually having you know it's the united states where we truly are seeking justice we truly want to know the truth and i think it's amazing that you know we're finding out these details i

think it's a great country that we live and where we could have this kind of. thorough investigation you know prosecutors are the one that they have the right up their products i mean it does show that there are there our justice system has a very thorough investigation process think there's kind of a bigger issue about how the laws are structured when it comes to women and this is a broader issue that's not just in cases of rape where it tends to become a he said versus she said because of our kind of a serial system is set up in a way that makes a woman prove her character and her worth and for every victimization in a lot of ways it's also set up that way with with abuse also with murder women tend to not be as strong so most women kill tends to be premeditated even if it is kind of in a defensive stance so our laws don't really address some of the ways that they you know kind of failed women in a lot of areas and it's too important to kind of unravel that whole thing right now well. in all the news reports i read today that maybe one of you knows something i

don't i don't see this as a partisan issue frankly but it doesn't appear that the prosecutors when they kind of threw up their hands today ever said we don't think she was raped but they're saying race can't get to that they were thinking. that it was consensual right you know none of them are saying oh maybe his story is right the as she approached him it was consensual they're not saying that what they're saying is the other parts of her story are not consistent she'll be a lousy witness they're going to lose the case and and it isn't that in in and of itself you know speak to the problems with us and i'm a lawyer i understand that when you read about this case there's no denial that there's significant evidence that something happened sexually between the two and he's got the best lawyers in the world mature his lawyers are rolling out some grand conspiracy theory i tend to believe conspiracy theory i would tend to believe the evidence that's been presented well his lawyers are saying it was consensual

they're not promoting a conspiracy theory that's all over france right you know i don't know that that you know the d.a.'s office will not bring anything to a court unless they know almost to a certainty that the kind of be able to win you know i mean that's that's the nature of it but i think really it really does open after the fact that they and if they don't think that not impeaching her you know the end of anything or what she says occurred and we know that he has had a long history of harassment from other reports that have come out and there's been on conversation about this rant i hope there's more of one in america about how we treat anyone really seems able to run. in two sentences or more or less we learned that we're now dropping bombs in libya or not in somalia six country now that we're at has this president exceeded his constitutional authority. no but i assume you're getting ready for impeachment trials are you ready to call terrorism each minute. i'm not but i think he's exceeded his is constitutional or i tend to say

that he hasn't you know overstepped his constitutional authority although i wish we could stop going to war with people and find a way to do it. a bit differently schools and other high to don't think he's overstepped his bounds but i do appreciate that we have a great checks and balances system and that he can just you know continue to find people about congress i think and say where they're at around say we have made it easy. it's certainly been about he's even want to but what you know is you see the war powers act and will be. as much as i'm a supporter of president obama i think he's he's jumped the shark and you know heather erica ryan thank you all seem to you sometimes i don't even have to break ideally take out our nation is losing the american morning what we need to do to get a better. that's fine with twenty four seven live streaming news towns what to do about the ongoing financial hurricane unlimited free high quality videos for download. and

stories you never find on mainstream news. from. a political. post and more on aren't. what you see here in just a second. it's not just the material it's not just the carnage of nine eleven but

also some of the last row remnants of american manufactured steel a dying industry in our nation today those mangled sheet beams and steel beams sticking out of a pile of rubble that used to be the world trade center were made right here in america at a one hundred year old steel plant in allentown pennsylvania known as the allentown metal works today though ten years after nine eleven that steel plant is the poster child of an america in decline it was there that back in two thousand and nine president obama used the plant the child as economic stimulus program the plant was supposed to be a symbol of the american economy will ring back unfortunately one year later allentown metal works shut down and now it's being used as a symbol of the failure of president obama's policies but one of the lead republican candidates for president mitt romney take a look at the startlingly effective campaign ad that's just now hitting the

airwaves good to be back and that's ok i will straight up allentown read a chance to visit with workers there. the allentown metalwork is set to close its doors on friday this was hailed as a symbol of hope by president barack obama last year when he promoted his jobs plan . so what really happened in allentown pa is the american steel manufacturing industry collapsing. slate columnist dave weigel explore the issue in a column published yesterday and she gave one of the reasons why allentown networks shuttered stores while wrote the owners of allentown metal works of expected to get

more business from stimulus spending on construction etc it didn't happen allentown metal works only chance for survival was an infusion of capital from the government into local projects something the romney opposed its collapse was classic creative destruction there simply wasn't business for the plant to do any more as to why there wasn't any business for the plant anymore allentown business columnist edward carter offered an explanation at the beginning of the year writing that the closing of the plant represents a bygone era of when manufacturing was king of the economy in the lehigh valley and around the country unfortunately the manufacturing cycle has seen its boom in america and want not necessarily in the bust phase of the cycle the landscape has changed drastically for american manufacturers more than likely it will be used by some sort of service company which is currently in the boom phase for the local and us economy in other words we don't build things in america anymore we're now we

are a would you like fries with that kind of nation a service economy and not a manufacturing economy so it doesn't matter how much stimulus money president obama gave allentown metal works if no one was building anything in america it would be no demand for steel and the plant was bound to go belly up so what happened between the one nine hundred sixty s. when there was demand for american steel to build the world trade center and today and all that demand is now dried up so here's what happened we have banned and the american way. for two hundred years for our first president george washington all the way up into the swearing in of our fortieth president ronald reagan our nation operated under an economic plan known simply as the american way it was based on an eleven point plan to foster american manufacturing created by america's first treasury secretary alexander hamilton it was literally called the american system

and for two hundred years it was referred to as the american way the american way was built on three basic tenets one tariffs or import taxes to make foreign made goods more expensive here and thus protect american industries to a strong national bank to facilitate commerce and three loads of federal spending for infrastructure projects like roads railroads airports bridges ports even canals that help american industries easily and cheaply transport products around the nation this is the type of economy that ruled america through forty presidencies and turned our fledgling newborn nation into an economic superpower unlike any the world had ever seen before it work flawlessly but then in one nine hundred eighty one with the presidency around reagan our nation embark on a radical new experiment of so-called free trade and small government and we said

good riddance to the american way over the next twenty years we got rid of our tariffs we had regulating our commerce to the banks toure's and we cut government spending on infrastructure completely dismantling the american way. which is why now we used to go build a damn thing in american eagle and the last high profile american politician to tell the truth about this was ross perot and his blunt honesty on the topic got him twenty percent of the vote in one nine hundred ninety two. the first thing out of there is get all these folks who've got these one trade agreements to go shit over the years and say fellows will put the same deal we gave you. and they are good. we have got to stop sending jobs overseas there will be a job sucking sound going south he was right and just like we outsource u.s. jobs in manufacturing plants overseas now we've even outsourced the american way

itself once we dropped it and nations like china india brazil south korea picked it up and guess what your kind of knees are booming in a few years china will surpass the united states as the top economists in the world in a few decades india will surpass us to the bric nations it's brazil russia india and china all nations that now employ the american way currently account for one fifth of the world's economy and represent forty five percent of all the economic growth on the planet we're being left behind by nations that are beating us at a game we invented beating us at the american way there's no better example of this economic shift in this tale of two bridges yesterday china opened up the world's largest bridge over water it's a twenty six mile long big team that stretches across a giant bay in china it was constructed by chinese workers and steel made in chinese factories oddly the same can be said about

a new bridge stretching across san francisco bay and you half mile long bridge that will connect san francisco and oakland will not have a made in america sticker in. that's because it was mostly made in china later this month the last four segments of the bridge for massive steel skeletons would be shipped over six thousand miles from shanghai to be put together like lego pieces here in america and you wonder why allentown metal works couldn't sell or steel in this new american economy the plot of all of this is we've lost the american way and if we don't find it soon if we don't replay what alexander hamilton and george washington gave us at the birth of our nation that nurtured us into an economic superpower then one day we're all going to wake up and realize at the age of the of america as a first world nation is over is that what we want to bequeath to future generations let's let allentown metal work serve as an example

a rallying cry to bring back the american way before it's too late the fate of our nation thanks in the balance. that's the big picture for tonight for this week for more information on the stories we covered visit our web site at samarra and free speech dot org and archie dot com also check out our two you tube channels there are links of thom hartmann dot com and this entire shows available as a free video podcast on i tunes and we have a free tell martin i phone and i pad app and the app store you can so this feedback and twitter and tom underscore apartment on facebook or tom underscore are among our blogs message boards and telephone on that line and thom hartmann dot com and don't forget democracy begins with you when you show up and participate it all happens to add your it so initially.

that's fine with twenty four seven live stream news towns what to do about the ongoing financial hurricane unlimited free high priority videos for download. and stories you never find on mainstream news. i'm going to get the cell of me or the political. person more on our team to. fight. for.

wealthy british.

market. know what's really happening to the global economy with. no holds barred look at the global financial headlines tune into a report. download the official. touch from the. video. oxys mind. feeds in the palm of your. question. if. he.