hello i'm starvin in washington d.c. and here's what's coming up tonight on the big picture president obama gave republicans exactly what they wanted round one of the debt limit hostage taking so round two rolls around will we finally see some balance or is the president already lost that fight too close to claim their job creators but will this republican debt limit plan actually lead to job creation will break the back of our limping

economic recovery and the koch brothers are on the ground it was gods to find out what their political operatives are up to in the badger state to make sure republicans come out on top in the upcoming recall elections here's a hint voter suppression. now that the republican written debt limit deal has passed the house and senate with half the democratic caucus eighteen along the way and president obama has signed the raw deal into law republicans are soaking in their victory it was john boehner last night an interview with c.b.s. when you look at the list this final agreement that will be came through the white house and i got ninety eight percent about i want it i'm pretty happy. i'd be happy to do that sort of compromise and here's senate minority leader mitch mcconnell telling fox so-called news that since the hostage taking work he's ready to try to

again. in the future nail no president in the near future maybe in the distant future is going to be able to get the debt ceiling increase without a read ignition reigniting of the same discussion of how do we cut spending and get america headed in right direction i suspect the next president whoever that is going to be has going to raise the debt ceiling again in twenty thirteen so we'll be doing it all over we thank you or maybe not if it's mitt romney of course you know republicans never had this problem anyhow the republicans are gloating yet president obama still trying to spin this deal is a balanced compromise here's what he had to say. this compromise guarantees more than two trillion dollars in deficit reduction it's an important first step to ensuring that as a nation we live within our means this is however just the first step is compromise requires that both parties work together on a larger plan to cut the deficit which is important for the long term health of our economy and since you can't close the deficit with just spending cuts we'll need

a balanced approach so what will a balanced approach look like. yes that means making some adjustments to protect health care programs like medicare so they're there for future generations it also means reforming our tax code so that the wealthiest americans and biggest corporations pay their fair share and it means getting rid of taxpayer subsidies to oil and gas companies and tax loopholes that help billionaires pay a lower tax rate then teachers and nurses everyone's going to have to chip in. that's only fair that's the principle of the fight for during the next phase of this process i think he really believes in republican fairy dust if the president is planning to fight for balance the next phase of this process he's already losing battle it will be an uphill battle to peel off just one republican in this super congress gang of twelve to support raising taxes on millionaires he will then need

to get a majority of the republican controlled house of representatives to support raising taxes on billionaires who own those republicans something that as we've learned now is virtually impossible don't take my word for it take the speaker's word. can you imagine republicans backing increased taxes if that's what the committee recommends i would think that to put it would be a stretch. doesn't seem likely to me that we need to be recommended much less supported so if and that's a big if revenue raisers come out of the gang of twelve they'll die in the house which will then set off the automatic deficit reduction triggers that yes would have no revenue raisers in them triggers a cut in the want to have trillion dollars put in seven hundred fifty billion dollars from problem programs that mostly help working and middle class families so it's reasonable to assume that the next phase of this debt limit deal will be just like the first phase spending cuts only since the president really think this debt

deal will be balanced and if so why didn't include revenue raisers in the automatic trigger joining me now is tony christopher media correspondent and white house reporter at media eye dot com tommy welcome back thanks for having are going to have you with us i want to play for you a clip from a press conference maybe you were at it this was in december of last year december seventh i think it was when the president was asked by a reporter from the national journal a republican a right wing conservative publication shows that generally speaking parallel he knew what the republicans were already up to. about this debt ceiling thing this was after he the president said ok we will give you two years of tax cuts in exchange for one year of unemployment benefits and you know here it is take a look. at how do these negotiations go she should search publicans about raising the debt limit as it seems. that

a significant amount of leverage over the white house is going in was there any attempt by the white house to. raise the debt limit as part of this but when you say it would seem to have a significant amount of leverage with white house working with the sense that you know they'll say sensually or not raise the. we're not going to do it unless the white house says ok i'm just going to cut the the but. the whole thing there because there was a long explanation in which he basically laid out exactly what the republicans are going to do and then the president says you know why take john boehner in his word and i don't believe that anybody who has a heart it's hilarious democrats are so cute they're my me of the heroes in pro wrestling are always perpetually shocked at the referees not enforcing that no boy school chain rule because they were not. yet really here just catching on he specially in a good guy with a chair always look about way well it's. you know the

president's first response to that question was what are you talking about and second response was nobody is going to hold the full faith and credit of the united states you know john boehner would do that why do you think it's possible that he had already game to this and he actually thought that he even back in december had a deal with john boehner and in fact a parent we three four days ago he thought he had a deal john boehner and then eric cantor apparently came along and what will my point john boehner is kidding and said you don't yeah my misreading is i think boehner got taken by surprise for sure but which means the president yeah yeah sure . and you know what it is a little bit crazy i guess sort of sympathize with you know who would do that you know it is a little crazy to say well we'll take the entire economy if we don't get our policy or oh i'm always moment yeah in the movie but you know on the other hand you know there's no reason why they couldn't of go with the debt ceiling increase you know

in that compromise that they were going out there in the lame duck session you know i actually there was a lot of stuff on the table and that the and the and it was lame duck session still had he still had democrats and he the vice president reportedly called republicans in the house terrorists and you brought this up today at the white house here's a clip of that. i guess an artist in a different missing universe. why these terrorists inappropriate but obviously there's not i mean. i just dig. you know it's so it's up to the what. i you know i'm just kind of getting a gauge in i think that in general was important is that even in the midst of. debates that we all feel very passionate about because the issues are so important the news not helpful to the kind of productive political discourse that we need to achieve compromise you know to use those kind of analogies even if they're. i mean even if they are understandable and descriptive but i'm not going to you know this

is not the seven words that you have to ban you know these words are ok and these are i just think lowering the temperature in general is a good thing isn't this part of the problem tommy that. the white house the president he's going oh we're going to be very reasonable jay carney we're going to be very reasonable when what they need to be saying is these people are trying to hold us hostage and we're not going to put up with it yeah well first i got to give credit props for the george carlin reference. but yeah you know i think you know if the temperature gets any cooler at the white house you know they're going after it's going to become like like some star wars and i think like. walker's coming in there it's the president is already cool enough and he stays cool i think he stays cool i mean you dream of member a couple weeks ago when he got a little bit a little testy at press conferences at all my god look out run for your lives obama's pissed off i think you know i don't think i should run a marathon but yeah you know i mean special time like this i said this to carney

yesterday you know it's not i with the president not saying you know what at the outset we're not going to mess around with this with the full faith and credit we're not going to risk a default based on some policy aims that conversation is not going to happen when you put the pen back in the grenade then we'll talk about. this appears now to be the republican approach to governance hostage taking and it looks to me like the next one is going to be the gas tax i hear from earlier this in in september and the end of september eighteen point four cent national gas tax that funds highway programs all across the country expires and typically is just automatically renewed and now the republicans are going to put the president in a position of he's got to be in favor of keeping gas prices high and they're going to be the caps cutters and in the meantime they can lay off hundreds of thousands of people well you know our obama handled this issue very well during the two thousand campaign but that was kind of different brooke obama than we see now so i don't know what can happen this time but i remember that from the campaign you know

when they gas taxes go down they don't lower the price of gas and they pocket that money right so it's not going to happen sooner than you know he made the case well then i will see if it makes him well again now. that you're you know what i was saying to you is that you know this is not the kind of thing the democrats can ever do you know i mean we you know if we say if we threaten not to increase the debt ceiling the republicans will say ok sure let's go over the cliff together you know yeah there's nothing you can threaten them with because it is they're willing to they would be only willing to have if they know the democrats will cave in because they do every time anderson and if they take it down when the president gets the hit and run and he gets to be herbert hoover you know is the bottom line to me christopher thanks a lot for being with us thanks for it's always great to be here that's why we may have averted a catastrophic default for now this debt limit deal which is bringing more bad news to an american economy already delayed by bad news president obama tried to call an economic fears the session by saying this. continue also to fight for what the

american people care most about new jobs higher wages and faster economic growth voters may have chosen divided government but they sure didn't vote for dysfunctional gov. they want us to solve problems they want us to give this crowd growing and adding jobs unfortunately adding jobs is the last thing this debt deal will do as the nonpartisan economic policy institute estimated thanks to deep spending cuts this deal will cost america one point eight million jobs two hundred forty billion out of our g.d.p. unlike obamacare this debt limit deal actually is a job killer and it was passed on the same day that we learned growth in our manufacturing sector as kind of brick wall manufacturing fell five percent in july down to its lowest levels in two years signaling a double dip recession is just around the corner so did president obama just hand republicans what they wanted in this debt deal a bill that will crash the u.s. economy before the two thousand and twelve elections so they can blame him for her

to offer some answers as economist richard wolfe professor of economics at the university of massachusetts and author of numerous books including his most recent capitalism hits the fan a global economic meltdown and what to do about it richard doctor well welcome. thank you very much is this debt limit deal taking the herbert hoover andrew mellon approach to solving an economic recession. yes it surely is it's almost as if we're going to live through the if you do not learn the lessons of history you are condemned to repeat them the government is a major purchaser in this economy of many many things and if you cut government spending after all the hoopla and make believe about what it means passes the end result is the government is going to buy less and that is going to lead producers all over the united states and abroad to cut back on their employees because

there's no point in making the goods that the american government is going to buy less of there's no way around that that's a harsh reality you could see it in the fact that through all these debt ceiling discussions nobody said that the first and foremost thing that has to be dealt with is the problem of employment so here we are after the debt ceiling deal is struck beginning to have a national debate way too late about the of gloom and effects which will be negative and you could see as the stock market took a major dive to day that this deal suggests to most people involved in america's economy bad times ahead many of america's. based origins transnational corporations are showing some of their best profits ever i think seventy six percent of the s. and p. is coming in above average if i remember in my stats right from yesterday's financial times this morning's. wouldn't that drive the market up i mean is it is

it conceivable that the reason that the market is falling right now is because they don't anticipate that kind of profitability is going to be able to be sustained now because corporations will make you know relatively intelligent because business decisions lay off people and you know hunker down because they see a major crash coming. well it's a little bit of both if you look closely at the statistics you'll see that the growing proportion over half now of america's largest corporations do most of their business outside the united states the profits they're earning are even more dependent on activities outside the united states and with this action of the deal just struck and signed by the president the relative badness of the us economy for them compared to the rest of the world is going to eat into the profitability abroad and with e.m.i. united states still playing the role of major economy in the world

a decline here is also a bad newell's for many other parts of the world including europe japan and china so this is a very dared economic decision that has been made by our leaders and it's even more tragic for the united states since it continues this process of trying to solve the economic crisis on the backs of cutting middle class and working class people supports at a time when the crisis already makes their lives in order their ability to borrow is reduced their wages are going down you're making for the decline of the american economy as a basis for the business of the world focusing our businesses more and more out of the country this is immoral in terms of who it damages and it is economic nonsense in terms of its effect on employment in the second half of this legislation that

was signed today is that the week of christmas the senate by that date by by december twenty third the senate has to vote. on recommendations from the new gang of twelve and if they choose not to vote on that or if the gang of twelve doesn't come up with anything on this automatic trigger goes into another trillion and a half in cuts are blown out of the side of the american economy is that is that a set up for making things even far worse particular given the been or has said that there's no way that they'll go along with raising taxes. yes it's it's it's the design of a horrific christmas gift to the american people it is a stunning demonstration that the whole shift of american politics now is not to enter into a crisis and beef up the economy with what the government can do but basically to have the government turn its back on the bass of the american people a few short years after republicans and democrats alike poured trillions of public

money into the banks the insurance companies corporate giants like general motors no one then worried about whether the government could live within its means it was an emergency it was something that the national well being required as if the needs of the american people already hammered are not a national need as if we can no worry about living within our means when it didn't bother us when other people were the beneficiaries of the government's large s. for me as a professional economist this is a stunningly ineffective dangerous act to take for an economy that's already struggling but as a person with what i thought were american values the this location between how we treat the corporations and the rich on the one hand by excluding them from having to pay anything and take away basic supports for the mass of the people is

unconscionable richard very well sir thank you so much for being with us. my pleasure thank you the economic consequences of this debt limit deal could be even worse when we see what cuts come out of the super congress gang of twelve in november and it will be yet another consequence of the government by gangs mentality that is undermining our democracy it's time to put an end to gang government and hold all of congress responsible for passing laws that affect each and every one of us only then can we restore thomas jeffersons we the people democracy. the billionaire do all is added again after the break how the koch brothers are screwing wisconsin residents right to vote. with twenty four seven live streaming news towns like you about the ongoing financial hurricane unlimited free high quality videos for download.

and stories you never find on mainstream news. a political. person more aren't just. voter the billionaire koch brothers have moved in and are attacking democracy in

the state of wisconsin recall elections against republican state senators just around the corner the koch funded astroturf group americans for. spirity is reaching into their bag of dirty tricks to keep their buddies in power at any cost the group is sending what looked like absentee ballots would late return dates written on them to trick democratic voters into districts where republicans are facing recalls the flyers urged democrats to turn in their balance by august eleventh even though the election is august ninth very clever but besides blatant and possibly illegal voter suppression co-founded americans for prosperity is also spending the big bucks on slanted t.v. ads purchasing one hundred fifty thousand dollars in television ad time just in milwaukee wisconsin democrats have filed a complaint against americans for prosperity demanding they stop these voter suppression tactics for more on this i'm joined by state representative jennifer shilling one of the six democrats running to unseat incumbent republicans in the

wisconsin recall election next tuesday jennifer welcome. good evening great to see you i am so. so impressed that you are willing to run for this seat that you're out there doing this to take on these republican senators and try to take the senate back in wisconsin from from you know the crazy train the fit's walker stand jennifer first of all jennifer schilling as h i l i n g dot com is that your web site yes actually dot com great i just wanted to get that on the record so any of our viewers who might want to find out more about your health you can get to it isn't what's going on mailing out these absentee ballots and saying be sure and send these in by the eleventh when the elections on the ninth is that illegal. well we are not surprised by some of the misinformation that is being spread in some of the innuendos about candidates and their records and certainly in this last week before the election that is on tuesday august ninth we are in the height of silly

season in this campaign that really there are no surprises and it just goes to demonstrate the gaps that aggy's out state interest groups an ability to keep the majority that they currently have in the state senate but i can tell you that the volunteers that are helping our campaign and the other for i can't act candidates that are running against republican state senators are filing tears are energized we have never seen such synergy search strategy for coming from people in our communities and many people this is the first time you've got involved in a campaign and i have served in the legislature for ten years and i see new faces at many events and i asked them what has motivated them to come out and be engaged and you know they simply say we don't like the told us what's happening in madison we don't like the dysfunction you don't like the tenor and we certainly cannot agree with this extreme agenda that is it's true that we want our voices heard liar elected officials to listen to us it's great i understand over the weekend that one

of the one of the groups working to unseat the republicans the republican senators there in wisconsin was fired i mean is this. tensions high in wisconsin is this just indication of nasty stuff going on. well it certainly are a lot of people are keyed up they are engaged they are dialed their own air and i think now that the discussion on the debt ceiling has been out results for the time being that we will once again here in wisconsin really become the center of attention in the next seven days because there is so much at stake as far as standing up for our working families here in the state of wisconsin and if the democrats are successful be able to take back the majority in the state senate you can really beat that goal if you lack a lot of this extreme radical agenda that governor walker and his republican colleagues continue to rubberstamp and really told the party line at every opportunity need to stand up for senate we need to stand up for families we need to stand up for communities and we just cannot for wisconsin we are so polarized and

divisive right now that people don't recognize the process and so we're now my husband and i were i asked to run for this recall being an ass to run for the senate passed me declined two young boys that are five and two and i looked at my husband and i said you know what sometimes history finds you and everything that we there are you hearing the state seems to be under attack and we need to stand up not only for our family but for those hard working men and women that are really the sad brick of our communities and so it has been really there it has stopped. and we continue to gain momentum and i think. i do believe that they know that their time in the majority is short jennifer can you give us a short capsule we have to listen to minutes of a short capsule of your campaign i'd like a good plug for you out there. sure it will be announced in april.

we're going to get into we have a good thirty second district that's a pretty rural district made up of about three counties and parts are two different counties and so we have been as door knocking we've been. listening to people because really that is what our got us to this this was the fact that our current state senators refused to listen to the voters and they felt their voices were not heard out when thousands of people went to the capitol they found the capitol doors were locked they found their elected officials offices were at lax they found that . the phones were turned off an e-mail went unanswered and so we just continue now with seven days left we're not taking anything for granted we have had some early polling during this campaign that kind of showed that we were had a double digit lead over our republican opponent and we take that good news we put it on the shelf and we know that we all were too hard and too long to come up short in this campaign and so while this may have started when it was five degrees

outside and we were protesting at the capitol and citizens came out to petition their government we're going to put exclamation august when it's ninety five degrees out because here are the stock here in wisconsin new york i mean there are volunteers are just so engaged in what is happening because there is so much at stake really not only for the state of wisconsin but for many other states maybe have an environment that would be similar to going to were doing away with some of those collective bargaining considering this is so kind families and education and health care and so the stakes are too great to come up short and i know it's only seven days left and we are focused and that we are going to cost but history here in wisconsin i wish you the very best jennifer jennifer showing dot com is the website jennifer thanks so much for being with us. very much of course election fraud like this is the only way republicans and their bad ideas can win elections in the first place so we should need to surprise stood talking about the mailing of these ballots that say service and by the eleventh but there's

a lot of hypocrisy at work here that needs to be examined let me just lay this out consider for a moment ballots absentee ballots being mailed out to democrats not to republicans but to democrats by republican groups that say turn in two days after the election . and you imagine what would happen if acorn had done something like that fox news would be all over it from fox and drudge would be all over it from fox and drudge it would move into the mainstream media sixty minutes would be doing a special on all of the news it would be all news all the time as it is this is barely gotten any press fewer people are hit by lightning every year seven hundred people a year hit by lightning then are than are involved in voter fraud annually nationwide about twenty people and most of those cases are actually people who thought they were legally they could legally register and they could you know because they were a felon or because they moved through the rules are different in the state of that state or they forgot to notify people that they moved and basically isn't election

for voter fraud in the united states but election fraud is an old trick by the republicans it's so bad that the republican party has been operating since nineteen eighty two under a consent degree against k.g. this is wisconsin last year tim drake gape a tea party leader the first part is voter suppression the second part is katie and take a look. kelly in the precinct captains they will tell you it's equally challenging but it says what did you hear that he can be the high cost dollars here. and success over you can still. one of the things to do is to. address the people kid if you want to send a postcard to say this you call it third it's. called well did you get all staff.