tv [untitled] August 2, 2011 10:00pm-10:30pm EDT
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rocking the loner show ok the real headlines with none of the mercy me live in washington d.c. now and i will speak with anthony rendez about the new debt deal and how it might do everything except what the american people need like create jobs first and foremost and we'll speak to david sirota and we'll ask who we should really be angry with washington is going to tell you that their gridlock is real but is the problem that our political parties are
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a little too much the same and then what do you know a u.n. report shows that the weapons that were given to african troops to fight the al-shabaab in somalia well they're just ending up in the hands of al shabaab so how does it not kind of thing happen before we have all of that and more for you tonight including answers of happy hour but first let's take a look at what the mainstream media has decided to do. all right for the debt deal is done to need to know voted on passed that we're not going to default good and bad news right good news because of the time being we'll be defaulting on our dad setting investors fleeing causing markets and the economy to crash in general although the markets aren't doing so good right now also bad news because of course of the deal that was made in order for the debt ceiling to be raised is going to calm with austerity which is going to include intitled and social programs you know schools clean water initiatives a little things that affect a lot of americans now like we discussed yesterday big picture this is going to
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change some things it's going to hurt and it's not going to create any more jobs in the meantime like we discussed yesterday with drink this deal has left the average american is the one who loses out while congress only thinks about itself and part of the problem here is that congress is allowed to keep covering only its own baggage distracting everybody from the real world effects of their actions because the mainstream media who's supposed to be calling them out. it is instead just doing all of that distracting for them and focusing on the insider baseball pitchers are not just the democratic party inversion of all these are called their own leadership and they effectively one group as majority leader was the tea party members made their point we're having exactly the conversation that they wanted us to have democrats come out of this looking marginally better only because he appeared to be more of the old like what's the justification for a republican voting no on this deal in the house of representatives even. and you wonder why so few people actually watch t.v. to try to get their news anymore because what they talk about doesn't apply to you
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in to i think there's a very tiny percentage of people in this country that actually care about the collective ego stroking that goes on in washington d.c. add a little bit in new york and those people are the ones whose egos need to be stroked make a politicians and your so-called media stars and you know it continues to baffle me but these people get sky high paycheck they just talk about themselves their friends are wall street their friends on k. street in the capital and of course more about themselves if you want to sit around and talk about what brilliant strategize there is the tea party and republicans were well go ahead but guess what a new poll out today tells you the majority of americans just don't give a damn this is their lives their families their homes their future that's all being put on the line because the spoiled children call themselves politicians and yes i use the words spoiled children because that's exactly what the c.n.n. o.r.c. poll found people wanted to describe them as seventy seven percent said the officials who have dealt with the debt ceiling have acted like spoiled children and
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they're right they are spoiled because even more of the congress stalls and waits until the last minute to come up with a deal the more self-important they become the more lobbyists throw themselves out there as groups on either side of the debate of course start to panic so keeping all of that mind let's now think about what this debt deal has done it's created a congressional supercommittee that's going to elevate twelve members of congress to a super status to make them super important to leave the fate of one point two trillion minimum dollars of spending in their hands so we have a super committee. yes wealthy create super lobbyist seawall twelve members of congress sit around thinking of how to cut one point two trillion dollars from programs that you probably use that maybe you need to need desperately lobbyist if you are spending millions of dollars to tell them what to cut so then all of the real money stays right here in the little bubble you call washington d.c. and the egos of these members of congress only continue to grow the more they're coaxed by lobbyists and even backroom deals for when they leave office or for their
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children in their wives to get nice cushy jobs. and that's what's really going on that's where the strategizing is that should worry americans proves how little their word matters to their elected representatives that's the mainstream media knows is going on and that's what that means free media elite is happy to me it's going to come from the party. so while congress is giving itself a collective pat on the back for averting a crisis that they themselves manufactured at the end of the day the crisis that economy is in continues to be a lot economists agree that this deal will not create jobs it won't spur hiring will bring in any new revenues so who exactly paying for this a good idea to discuss this with me is anthony randolph so director of economic research for the reason foundation anthony thanks for joining us tonight don't tell me you think this thing's a good idea that said we'll do ok thank you let's talk about why it's so terrible
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first off you didn't deserve i'm success here you know to say what you want and no one was actually trying to create jobs of this book never it was this an attempt at some kind of stimulus ever and i actually disagree with the last thing you said there is two point eight trillion dollars in revenues that come out of this and that's the end of the bush tax cuts in two thousand and thirteen this entire debt ceiling deal is essentially an analysis of projected spending over the next ten years so we're going to cut two point four trillion dollars but it's all for it's out of the ten trillion dollars we're going to spend or above the certain of what we're at right now over the next ten years from now that becomes like seven trillion dollars but that actually anticipates taxes going up two point eight trillion dollars in two thousand and thirteen so there are some revenues here but i put the where there is no but it's right we get to two thousand and thirteen it that's just the debate is going to start all over again when it comes to extending tax cuts after that rainy passage money twelve election who knows it might be republican it might be obama again he caved on the tax cuts one times when you have
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what is it easy going to do it again. on the debt ceiling it is that if we get this right right on this that we really just what is this entire deals more or less a watch all of the cuts they come after the next two fiscal years that all of the nine hundred or so billion dollars that's guaranteed to be cut out of this hole in the seven percent of it is cut over the next two years so it's not actually hitting a lot of government spending in two thousand and twelve and two thousand and thirteen most of that money is baffled into the into basically two thousand and eighteen or two thousand and twenty which you who who knows is going to happen around that play because that's but it's part of the urgency of course here is that the most of this does not do anything over the next couple years it doesn't create any jobs and it's not going to cause there to be a loss of jobs it's more or less the debt ceiling went up and we go along our happy merry way not to change ok but why i would say that we are happy and that we're mary right now because you look at look at the fate of the economy isn't right look at the rate of unemployment which is a nine point eight percent consumer spending is going down well what's going on
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with wall street right now they were just talking about this before the show they are relatively quiet during this entire debt ceiling debate for months actually and then suddenly now they're freaking out now that it's nine will be the nice thing about being done with this start so great at least for now at least you have the super congress issue which is going to be talked about for now is that we can actually look at what's going on the economy and the economy is not a good place one of the reasons that wall street lost a lot today is because of religion manufacturing here if you look at unemployment now employment numbers have been trending really bad for a while and we've got them coming on a friday things are not looking good for the new unemployment numbers this month and we had the economy come in g.d.p. of one point three percent for the second quarter the first quarter was downgraded from zero point four percent projections of negative growth next year in terms of g.d.p. it seems like all that recovery that we thought was going on turns into a caller before it's not a jobless recovery it's a recovery less recovery at this point and so at least we can hopefully you know
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can stop and say now let's look at the economy. i think we can both we can both agree that that's not really going to happen i don't think that's going to be that it was in theory what should happen that's the nice thing about being done with the president to essentially said today to you that he decided to give a speech and right now it is about how we can look forward and focus on the future but what makes congress think that they could even ignore the economy for this long it's mind numbing because we've got the two thousand and twelve school year project which wasn't put together through this which starts in the end of september and we're not going to be able to put together a budget through which means we have done three years without a budget in washington we're not talking about long term overall spending priorities or reforming the tax code or how we want to fix the housing problem in america because you know housing is continuing right out banks that is continuing down consumers people can't sell their homes so they can't move to get a job people have a lot of housing debt on top of them banks have housing which is keeping them from running to small businesses those are some core issues that need to get worked out
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and it's it's going to be a continued to be a long sort of long road ahead on these things there's not a lot of bright lights ahead so there are a few things that congress can do we might disagree about those are we privatise to disagree on like those are but the thing is too is you know one of the consequence weeks you can make of our political system is that congress is never focusing on the problems that we have right now because they're always campaigning for the next election i just don't understand how anybody who's in congress right now anybody who's in the white house right now things that they can possibly get reelected when what americans care about is the economy is about jobs and they very blatantly ignoring all of that so that doesn't even seem to make any sense in the always campaigning for the next election and i just read this this entire i think we've been talking about this before this whole debt thing is all just setting up two thousand and twelve we could have done this exact deal months ago we had all the pieces in place we didn't need to talk and fight for months to get right down to the day it was pushed all the way down to the day because the the white house wanted to set it so i thought the best way you could for two thousand and four the republicans wanted to set themselves up the best way they could for two thousand
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and twelve the democrats in congress the same way this. entire thing has been one big massive campaign thing and there is a lot of legitimacy to the idea of just throw all the bums out we think about this super committee as i imagine first of all for starters how much money do you think is going to be flying around now when it comes to lobbyists because now they're going to be twelve super special very important members of congress that are going to be on the committee and everyone's going to be trying to be in their pockets in their face as a deal wasn't even signed by the president before one of the top one of us high powered lobbyists on k. street senate e-mails some of his colleagues already calling these guys that are doesn't like they're there already it's already just a foregone conclusion that the amount of money that's going to be thrown at these guys. is going to be astronomical now they are going to be the only ones making the decisions and they are going to be making the final votes that's the sort of six people twelve people in the room six on their side who have discussions they'll go back to their parties we'll see what you say will determine but there is going to be a lot of money for these guys really when was the last time
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a presidential commission did much of anything at all how about the whole we have to go to a job we shouldn't do we haven't a commission right we had a plan that was put forward and you know what the some some goals plan it wasn't perfect i don't like everything that you didn't like everything in it but you know almost everybody across the spectrum said you know this is actually a place that we can start but here's the thing we had that plan even if it had been put to a vote in congress you know there wasn't going to be a legitimate discussion is going to have are both sides we're going to vote and pass that specific bill even if you can when you have a committee that works that actually comes up with something that once it goes to actually be voted on you still have all bickering and i just wonder do we really want what they come up with because on one hand you have to ask is congress smart and they just you know like i imagine they're always using these distraction techniques so they can collect all the money at the end of the day do everything as one party even though they're pretending like they're two separate parties if you know they're in my opinion definitely only favoring corporate interests and not the interests of average americans or should these people should these people not be
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making economic policy i don't know should i try. congress members who maybe get a media training class but never an accounting class trust them to be making huge deals about where the u.s. economy is going to go in ten twenty years probably the biggest complicating factor is like who do you want to put out how many has put me on a committee i've got an economic background i've got all kinds of it is a what's going to be you probably are going to like every year i pull out or i do a little every day trust me i mean who are you going to trust you only want the people that you have like mindedness making those decisions i only want the people making those decisions that i have a like minded with this and when you talk about the collective us of the american people as a whole there's not just this unifying belief where there's all the business is a one side and three hundred million us citizens on the other side a lot of those corporations they actually have these people we call americans working for them so there you can't necessarily even separate corporate interests from individual interests it is all on this sort of tied together this is why this is a massive problem of large government trying to make these sorts of big deals it's
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apparently problematic or maybe it's too few people that make all of that equation you know too few representatives and maybe should be a direct democracy more thing where i think it was a bad tell you know in our neck in our necks in every other and i thank you so much for joining us absolutely. are coming up tonight g.o.p. allowed to say that taxes are too high for corporations here in the u.s. but they have quite a few takers to prove them wrong just a moment and the same media claims that washington is too divided government not really the case to be that topic author and radio host and it's about. you know sometimes you see a story of a siege so. you think you understand it and then you glimpse something else here's the part of it you realize everything you thought you knew you don't i'm sorry because of the.
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i think either one is well. we never governor says there are people who say forget radically finger freedom. all right so now the president has signed the debt deal think a look at how it is that we got to this point which is being heavily in debt and choosing to cut government services and the government obviously spends money on medicare medicaid defense department education the environment safety net programs and of course paying interest on our national debt which by the way is only at six
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percent of that entire equation now all of this is supposed to be paid from revenue that comes from taxes of course not just personal income taxes because her taxes as well those same corporate taxes that are full of loopholes right subsidies things would have ended the day amount of them being away will be able to get away with paying almost nothing and that's something that right wingers of course vehemently deny because on the books they're always crying about how the us has one of the highest corporate tax rates in the world. u.s. corporations overall face an average combined tax of about thirty nine percent that is the second highest rate among all industrialized countries it is just behind the tax rate in japan a grouping of thirty major market economies known as the euro you see you do which includes all the europeans did a study of what the most counterproductive had been in all those nations you know identified the corporate income tax as the most horrible for long term growth. all
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right so if companies actually paid their taxes then maybe those guys would have point but unfortunately they don't and we've covered it before on the show but let us give you some more details that come straight from the government's accounting books this is just the stuff that they really like to publicize the government accountability office says that fifty seven percent of u.s. companies conducting business here in the u.s. paid no federal income taxes for at least one year between one thousand nine hundred eighty and two thousand and five that means that over half of america's business is paid zip zilch zero dollars sagal sam now you probably already heard about g.e. not paying any taxes and we reported to you here but take a look at these other companies who also managed to keep their profits away from the government bigger bank of america the lehrer all of those are also among the top corporations they didn't pay and why of course because of all those complex loopholes in our complicated tax laws that's when all these major companies are actually structured how their business is run based on how they can get away
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without paying a penny more than they have to now i've got of course the highly skilled lawyers who know all the complexities in the mining details and the end of the day these companies who boast billions in profits are paying no money to our federal government now we should note that there are other ways to avoid paying corporate federal taxes things like hosting overseas tax havens and in fact eighty three percent of the largest companies in america host were called those overseas overseas tax aid it's yet another way to bend the laws and keep. our dollars and their big old money vaults so with more clear evidence that our complicated tax law is helping our debt grow and grow the preservation obviously turns to lodgings it the politicians who left any changes to our absurd tax code out of this new debt bill and if they couldn't or chose not to slip changes that are the biggest financial restructuring of the us in the years old and i don't know when they will the corporations will continue to get away with murder they're not paying their fair share yet the middle class americans who can't afford lawyers to find every
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single loophole in that system they are and this seems like it's going to be the norm for years to come a very sad reality. now even though the u.s. is long been involved in secret in somalia recently we've seen bits of that involved become more public from a drone strike weeks ago into a somali prisoner who was held on a navy vessel to be interrogated and will now be tried in federal court in new york by jeremy scahill the nation detail of the cia's secret sites in mogadishu now thanks to robert young pelton of a somali airports and a little help from david wired's danger if we have even more information that's coming out it turns out that buried deep in the u.n. reports there is evidence that half of all u.s. supplied weapons do you gone to and burundian soldiers who belong in the african union peacekeeping force and are supposed to be by the way of fighting al shabaab you could say for us as a proxy it turns out that half of those weapons are ending up right me hands of.
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this story pounds sounds familiar kind of because it is it's happened numerous times before if you want to talk about afghanistan if you want to talk about mexico and believe me that list goes on and on so why can't we learn from our own history and what exactly does that say for the wars that we might be arming in the future pretty soon we're going to speak with scott horton contributing editor on legal and national security matters for harper's magazine we're still waiting for him to get on the line but just think about how many times this is happening in the u.s. and you could say that happens from both perspectives either we involve ourselves into a civil war or we could say that make it a proxy war we have somebody else fight it for us or we just start arming people like i don't know the mujahideen in afghanistan that one point we thought would be on our time would be on our side ok we're actually not going to have scott right now so we're going to move on to our next story but we're going to get back to that
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in just a moment. now as we've watched the debate over the debt ceiling unfold over the last few months the mainstream media or politicians in both parties there are going to tell you that washington is incredibly polarized right now and that's why it's so hard to get legislation through but if you don't listen to what they say to distract you and look at all the facts that doesn't really seem to be the problem not only do we always see a bipartisan consensus when it comes to passing new funding for wars abroad or for expanding surveillance on american citizens all the name of national security but now we see in continuation of corporate tax loopholes tax breaks for the wealthy it's all social programs are put on the chopping block seems like at the end of the day there's a lot the two parties can agree on but more and more their actions just don't align with the interests of their constituents so a lot of americans are wondering if it's time for a third party and that includes pundits and politicians people like thomas friedman and michael bloomberg but how many third parties already exist and what kind of restructuring would it take for them to gain national attention if they don't play ball with special interests the way that the republicans and the democrats both of
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you joining me to discuss this is david sirota talk radio host and author of the book back to our future how the one nine hundred eighty s. explain the world that we live in now david thanks so much for joining us again tonight now first starters it would you say that congress really is there a very polarized the way they like to claim that they are they just fabricate this entire crisis. no i think that congress is actually one of the most trans partisan we're in an era of bipartisanship really trans partisanship and i think that you go shisha and deal shows that there's a lot of rhetoric about partisan politics and partisanship where you actually look at what happens in congress when you actually look at the votes the votes often end up being very bipartisan affair so as i said the debt ceiling negotiation a good example passed with bipartisan support there was a lot of rhetoric about it being only a republican primary to have the democratic party voted for that you look at our
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worst congresses barely spoken up about even authorizing believe you war congresses passing bills to escalate the afghanistan war on a bipartisan basis you look at civil liberties the patriot act you look at budgets it's the same thing down the line that i think that there's too much trans partisanship in washington there's a lot of partisan rhetoric but when you actually look at what happens in congress both parties are going are colluding against the rest of us now i'm totally with you they are by what do you say for the tea party do you think there are other alternatives out there something pushing the french because we've heard we've seen a lot of fingers pointed at the tea party a lot of people are saying that oh it will be the lunatics are now holding the entire debt ceiling ha ha stage why don't we see anything comparable on the left side why don't we see a progressive fringe party that's going to make them across a return to you know things like you would i would believe well i think you have seen that in some states new york connecticut vermont these are states that
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actually have probable third parties in vermont the progressive party they played a key role in passing a single payer universal health care there in new york in connecticut it's called the working families party but the national level i think you're right to ask the question and i think the answer is that the national democratic party is often as in cahoots with big money as the republican party i wrote my my in. first book called hostile takeover there really we have we do have two parties in this country at the national level it's the money party and the people party the money party is most of the republican party including the tea party and about half the democratic party and the people party is about the other remaining half of the democratic party again i go back to the debt negotiation vote half the democrats joined with republicans to pass that that was a classic money party versus people party affair same thing with the bank bailouts on issues especially of economics on issues of economics if you are with money we have a two party system the problem is that the people party is really only
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a tiny fraction of that system but do you think so very a lot of that is so we talk about how much money is being thrown around to these people do you think a part of that is just bound to happen when you have a representative democracy when you have a group of only you know five hundred or so people that are all gathered together here in washington d.c. and this is where all the money is thrown out. i certainly think that the the way we fund elections especially at the national level is a huge part of piston you cannot expect a system to be even vaguely small the democratic when you have a structured system of legalized bribery i think if you go into office i think the few representatives and there are a few of them there that are very good a few representatives who do try to represent something different than big money the exception and not the rule because the rule is basically you have to raise a lot of corporate money to get elected to federal office and this is also the case
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in state legislatures a little less the case but certainly in washington you have what f.d.r. had once called were organized money and we had a new politics of organized money and that politics is not democratic or republican it's trance partisan i say that's the kind of systemic issue can you think of anyone any other country that has a better. well i think other countries other european countries for instance they financed their elections with public financing of elections or partial public financing of elections also like a parliamentary system opens up the possibilities of smaller parties and coalition governments that come to some problems it comes with some some good parts i think that we need to be looking at both campaign finance reform in this country and also basic electronic reform that makes it a little easier for third parties to run we have those in some states i mention new york and connecticut they have special election laws that make it easier for smaller parties to get on the ballot i think we need to be looking at that why do we need to looking as i said at public financing of elections or at least partial
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public financing of elections and i should ask you at one of the thing these are not radical ideas if they're operating in some states they could be operating at the national level it's just a matter of will do you think but let's say the majority of the american people right because if we go back to this issue that supposedly congress is incredible but it comes to the death today because of the money they're no longer representing the people's interests should there be things like national referendums. you know i i think the national referendum system is an interesting idea i certainly think that you can work at the state level i'm talking to you from colorado which has one of the easiest ballot access ballots in the country to get a ballot measure a referendum on the ballot that has been good in some ways it's cause other problems because the threshold has been so low you get very very extreme measures on the ballot that can change things in ways that are not predictable i do think any approach discussed making the system more accessible to regular people and creating more pressure from regular people on an institution that is clearly
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insulated and working in so many different ways against what regular people want is a good discussion to have a problem is if there is the key problem is that the people who were elected to office whose complicity you need discussion are the masters of the existing system and are going to be the ones most hostile to any kind of discussion much less change our day and i thank you so much for joining us tonight so shoot anything new masters some people don't have a record that has in that case thanks so much thank you. now in return we have our tuesday edition of show and tell and in recent weeks we've learned about secret u.s. military operations in somalia is not going to talk about the past but half of the weapons that we supplied foreign peacekeeping troops and now they have to start hoarding paternity and there are legal and national security matters for harper's magazine. you know sometimes you see a story and see.
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