tv [untitled] August 8, 2011 6:00pm-6:30pm EDT
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but can be alone to show the real headlines with none of the mercy if you live out of washington d.c. now and i will speak with anthony ran down as a reason about the downgrade of the u.s. debt and the stock markets we could fall today also look into a new report about waterboarding style torture guantanamo bay apparently our officials think that if you just give a different name doesn't count as torture and a website for sugar babies and sugar daddies are seeing an uptick in members especially students looking for a helping hand to pay off their debts we're going to speak to one writer well
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actually tried it herself we're have all that and more for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss. this weekend we saw a horrible tragedy unfold in afghanistan and in fact it was the deadliest loss of life in a single incident for u.s. troops in all ten years of this war transport helicopter went down killing thirty eight people and all thirty of them were american forces and most of them elite navy seals on their way they held fellow troops witnesses taliban fighters shot down the aircraft carrying thirty american troops seven afghans and one translator we've actually heard this story before from that's how libya very the ones who told us that this is the occurrence that happened in large acceptor a night. so nineteen navy seals three support troops lost their lives as well as three air force controllers seven afghan commandos and afghan interpreter and one
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military working dog as a horrible reminder to americans that live far away from this violence that there is still a war going on and this time we saw the mainstream media respond with heartbreaking interviews of wives and family members describing what it was like to get that knock on the door telling them that their loved ones passed we saw the mainstream media go to their foreign affairs and pentagon reporters to describe the investigations that have been launched to find out what exactly brought this copter down and if the taliban's claims are responsive. realty candy believed and we saw the mainstream media actually remember that there's a war going on now you might be a little bit confused at this point you might be asking a little to what's so wrong with that it's not what are supposed to do is not what you constantly criticize them for is not covering the war and yes you would be right so today i applaud them for covering this heartbreaking story but it's not an excuse for their lack of coverage every other day don't forget last year only four percent of news coverage on the table networks was devoted to the war in
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afghanistan last year was also the deadliest on record for u.s. troops until this year came along and what gets to me is the inability to connect the dots to keep a story going question why we're in afghanistan anyway why we think the situation is going to get any better we will see any fewer deaths if we're still fighting the same enemy on the same now in is terrain using the same helicopters that fly low fly slow and are susceptible to a rocket attack no matter if it's a special ops helicopter or regular old army national guard chopper and here's an interesting point that david x. pointed out from wired's danger room today and that's the gages are being launched and some reports say there was a rocket propelled grenade that took the chopper down but it could be something else could be a chopper killer because x. called it an improviser rocket assisted in order that special has special rocket boosters and that allows insurgents to fire from a distance in most cases and something that was used in iraq since two thousand and eight but if this was what the taliban used from like i wrote it's a telling sign of the taliban's continued ability to adapt and to innovate all of
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this despite the suppose it gains in momentum that we've seen according to general petraeus when he was still having this war so let's be honest it's not going to get any better and more lives are only going to be lost before we see a real withdrawal of troops here the mainstream media like so many politicians that we see out there only reasons of focus their own tent attention on this war when it's convenient when they can exploit it and we see a loss of life in a huge number despite the fact the troops u.s. and international and afghan as well as afghan civilians die every single day but all those other days they choose to miss. now if you were watching the markets today was not a good day after s. and p. downgraded the u.s. debt rating to a double a plus on friday night concerns over how the market would react to be dragged out through the weekend everybody anxiously waiting for monday morning and
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today we saw those results stocks sank the dow close below six hundred points and u.s. treasuries didn't do so bad but moody's was so far stood by its decision to not downgrade the u.s. debt said that if the car is in gridlock in washington does not stop in might change its mind in the future but that's that that we saw over the weekend was more partisan finger pointing as to who should ultimately be blamed for this downgrade and speaking today president obama tried to regain an optimistic tone the better what some agency may say we've always been and always will be triploid thoughts. so is obama right or a little too late to justify patting ourselves on the back for being america fourteen trillion dollars here to discuss this is and he ran down as though director of economic research for the reason foundation thanks for being here tonight so let's look at what happened obviously the dow closed below six hundred points six hundred thirty four points i believe and everybody was expecting this
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right most people lost that market last night and a lot of people were expecting bad news they thought that they might react negatively today but then u.s. treasury didn't really do all that bad so how do you describe that actually treasuries fell today which meant that there was more demand for us coming out of this and i think what they're probably speaks to is investors are the ultimate arbiters of what the credit rating of the united states is you can have these ratings agencies say all they want we can critique we should probably be criticizing them and taking everything they say with a grain of salt because of their failures during the housing bubble crisis so one really needs to says look we have problems with the political system and we're going to downgrade but in the investors come along they say well we're freaking out because of the economy so we're going to dump our stocks but we think that the united states is going to pay back its stead in ten and twenty and thirty years and so people buy in and that pushes down yields but i think because investors don't
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really have that many other options of where to go right now especially if we look over in europe the crisis there is what is propelling a lot of this uncertainty and people are looking at italy they're looking at grief and so it's kind of like choosing between you know due to bad apples and i don't know do you have to go to whatever is the better of the two bad choices so we have some severe some bigger problems with global markets right now even if we hadn't been downgraded on friday markets were already trying to down a massive losses last thursday the only reason there was a slight uptick on friday was because we had a better than expected jobs report but it was still really crappy jobs report so we have all these negative economic indicators we might have lost probably not this much if we had been down. but there probably would have been losses in the market today anyway you can't go to europe market from tel aviv to the asian markets everything started to lose value starting last night for them monday there's not a lot of places to put money and people believe that the united states government's going to be willing to pay its debt now that being said that doesn't necessarily mean the s. and p. is wrong and actually you might even call this the alone
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a downgrade because they're saying everything that you've been saying on the show for a long time is that the political system is broken we don't think that people are going to be on capitol hill to the white house back and forth or they're not going to be able to come together to broker a deal to responsibly deal with our fiscal problems i am with you there right even though even if that's and p. is right and even if moody's is pointing fingers at politicians and tell me if you saw the same way i did which is that they're saying if you can't stop the partisan bickering then you're not going to get anywhere not going to solve your deficit crisis or jack crisis and then we just saw over the weekend everybody going on the airwaves everybody going on t.v. thing it was the tea party or no is obama and it was this guy it was that guy they just proved all the rating agencies right and pretty ironic absolutely what changed between last monday and last friday for s. and p. to downgrade nothing except for the signing of the debt ceiling deal and simply decided that they were going to wait to see what happened they've been saying all along that look we might downgrade even if you guys do put together
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a deal that's not big enough they waited until put together they sat on it for a couple days they thought it through they waited for the markets to after the markets closed on friday so the markets would have the entire weekend to kind of digest it and what not they said look this deal is way too small we think that the political system is broken and then the political system you know and all the sunday talk shows prove once again that is broken and that the thing is. both political sides speer right they're both wrong you know the white house is right the g.o.p. is ridiculous and not considering any sort of revenue increases those revenue increases don't even have to be tax hikes we can bring in revenues without raising taxes but the tea party is opposed to that the white house is. there's a lot of blame for this too they could have months ago they could have waited back and we started talking about this in february march april may they could have said no matter what happens we have the revenue to pay our debt we have two hundred billion dollars coming in we've got ninety billion dollars going out each month as we're paying off our day no matter what happens we're prioritizing to pay our debt but they didn't say that because that would have given the political advantage to
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the g.o.p. so they decided to play politics with the debt ceiling too so the white house a little of blame the tea party has a lot of blame everybody everybody's of course are with you everybody here is that thought but so what you're saying is you say right the ultimately the u.s. is going to be able to pay its debts or that we will pay our debts and alan greenspan actually happen to be on t.v. this weekend and he kind of said the same thing you said the idea of people is ridiculous and take a look at why. the states could. become something money to do that so there was a probability of the four world. i this is not the problem why do we think that it was always print more money and everything is going to magically disappear and all of our problems will vanish and that this is part of the problem is that we can't just keep printing more money out of thin air it will he start you start about monetizing the debt the fact is we've already been doing it so we've been print so that the federal reserve that's what quantitative easing to really
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was it was the federal reserve buying us debt pushing down borrowing rates through it doesn't cost us as much to borrow we're able to pay our debts we're just printing cash we're inflation is going up so it's cheaper to pay everybody is that and what greenspan saying is exactly right that's what the grenade the fed would do that's probably what any closer to the when he runs as a deal. maybe i didn't idea fed is going to happen around i don't know how you do it's politically feasible to get rid of the federal reserve let's have a federal reserve i would tighten the screws right now i think we need to start paring back the quantitative easing programs of thor's or balance sheet is up to two point eight trillion dollars we need to start slowly selling that off we're not dumping it over in a single day but inflation concerns are real that doesn't mean that we're backing out of this immediately but we need to start the process of accident and we need to actually let this contraction that the economy is in run its course because all we've been doing is dragging out this man so you really should just let it just let it crash we think we should have bailed anybody out in two thousand and eight you
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know there are a lot of people there right now would you say that you would use need to take our medicine and let the masses starve and suffer just so we can wipe the slate clean and start over but would we have been better off if we did then rather than now obviously it's impossible and over that's what i mean i wrote it in two thousand and eight in two thousand and nine let's take the pain early on we're going to get it over with no one's going to start where we saw with lehman brothers lehman brothers went bankrupt and the system worked it worked poorly which meant that we have to go back and we have to design better rules better bankruptcy rules the lehman brothers went through a bankruptcy process it was sold off it would have been difficult to do with a lot of banks but people would not have been starving in the streets it would have been really painful at the end of two thousand and eight it would've been. really painful in two thousand and nine but now towards the end or the middle towards the end of two thousand and eleven we would have been coming out of this and we would have been dragged through a really crappy economy for years and we're going to we're going to be on the next several years in a lot of painful situations you hear that freddie macas asking for another bailout . they are going to be bailed out no matter what their problems are the treasury
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department said unlimited bailouts to freddie mae and to fannie mae it's now over one hundred sixty billion dollars that's the largest bailout of any of the individual bailouts that the u.s. government is given for reserve aside collectively to fannie and freddie and congress has done nothing with them congress we've we've had ownership of freddie mae and freddie mac. since two thousand a sense tacit ownership in the government and we haven't done anything there have been plans that have been introduced in the house of representatives even in the senate but the republican leadership in the house refuses to take this on they want to go after obamacare with wasting their times they want to drag out this debt ceiling fight and the democrats have shown no leadership on that issue either so yeah that definitely doesn't sound like we're learning any lessons here does it now i ask you one more thing too like you said that obviously that's there's we're still going to the u.s. dollar right now but what could happen next in terms of this downgrade does that mean that u.s. banks are going to start having their credit rating downgraded then it does s. and p. in order to keep their credibility have to start taking
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a look at other countries and the ratings they give them some people have signaled that france might be next maybe they're due for a downgrade that means french banks have to be downgraded to and it really will start kind of compounding but there are trickle down effects over there already have been. other not it's not just the u.s. federal government it's the federal home loan banks it's pretty much every agency connected to the united states government that has a credit rating gets downgraded its insurance companies kraft berkshire hathaway even put on negative watch there's going to be a trickle down effect there's even talk of the states being downgraded obviously spain and italy are struggling right now. italy's actually going for a balanced budget amendment so they may get by but it may get to the point where spain just has to get downgraded and they can't continue to fight on there's a it's actually really unknown i think what's going to be the telling sign is over the next three days we have a larger treasury say a treasury note and treasury bond sales for ten and twenty and thirty years sales
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over the next couple days and how well those do not what the prices are how much demand there are for those i think is going to tell us a lot about what the investors think about standard and poor's rating and if investors are not running really if today is an anomaly and they are running into those and they're running away from us but it's investors signaling to a new standard course that's right the political system is broken and i could have extreme negative terms for a small amount of says that nothing matters right only that he believes that the u.s. is going to be trouble or a rated country doesn't matter what any agency might say that's just that's just where we are which is that it's all lies you know numbers a way yeah you know there's something to make people nervous but it doesn't really need anything with triple banana regency you can call it ever was or do you want to eat from the rating absolutely if i am peter thanks so much for joining us sir. coming up next a london on fire report of a violent clashes between police and protesters and it waterboarding and it get not
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a u.s. plane but it never happened but a new report from a show about suggests that unlike not be the case the night of a dive into the topic interest in the. internet only a military mechanisms can do the work to bring justice or accountability. i have every right to know what my government's true if you want to know why i pay taxes. but i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story that seems so sorely sleep you think you understand it and then you did something else here's some other part of it and realized everything is off you go i'm trying hard welcomes the big picture. says.
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so it is the third day of rioting in the british capital started when police shot and killed a twenty nine year old man in tottenham and has now spread into three districts of the city in the violence which caught many including a police officer art as even to bring prime minister david cameron home early from vacation it's good artes correspondent ivan bennett for the latest of what's going on in the streets. reisa continue to spread even as late as this evening and this is now the third day in a row that's been happening across the city and each time it's a new location that's affected the latest as you just said is lewisham which is in the south of the city really the other end of london to tottenham which is where
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the initial arrest took place on saturday night pictures we've seen there is of two vehicles that are just being set on set alight riot police have been deployed there in lucian in south london we don't know yet we don't have any figures on a number of arrests if any that have been made there but the worst action the most severe and rest that took place today was in hackney in the north east of london again another area that was previously unaffected until until today what was happening there was looters groups of people swarming the main high streets there smashing windows ransacking shops in some cases stealing and looting merchandise things like t. shirts trainers in other cases just laying their hands on whatever they could to hurl at the police as missiles chairs wouldn't riot police in the area trying to control the situation by forming a human line across the street and charging up the right to funnel them down one area but the problem they're facing is that once they control one street another
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pocket of violence erupts in another street and reports around this evening saying that the writers are actually caught in eighteen or if it's using blackberry instant messaging via mobile phones now that differs to twitter where twitter is public. this is private messaging so groups can coordinate their movements privately and that's their head of the police. both arties i've been reporting now for years that we've heard claims from u.s. officials including former secretary of defense donald rumsfeld that nobody was water boarded to guantanamo bay. no one was water boarded guantanamo by the u.s. military in fact you know what it was was he was water boarded at guantanamo period three and now we've heard of the so-called enhanced interrogation techniques of which waterboarding is just one they also include sleep deprivation hanging people from a rope banging them into the walls of a cell where the all of that only happened at cia black sites it's been admitted
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they can lead sheikh muhammad was water boarded one hundred eighty three times all held at one of these sites and former president bush admitted to approving and ordering the use of waterboarding but a new report untrue thousand gess that there may be much more to this story one of the techniques and where they were used is includes a little known testimony by former get no detainee iraq or not before the house committee on foreign affairs where he described not waterboarding but a form of water treatment. waterboarding. water treatments. you were there was a book you were going to. put over your face you were aboard. and were told it was a vote to go water. and. so fish has been using a semantics loophole to hide the military's actions and why has nobody investigated
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it joining me is geoffrey kay psychologist and contributor for truthout dot org jeff i want to thank you for joining us tonight and i want to know what you concluded here when you compiled a lot of these reports was that it was an outright lie that nobody has ever been want waterboarding kuantan of obey or were they just other techniques where water was involved where they got to play this game of semantics and not call it waterboarding. well one of the problems with playing around with semantics is that there's not an easy answer to that in my opinion yes they have lied to use the term waterboarding to protect it with a particular definition which was given in the office of legal counsel memos about what waterboarding was but as i noted in the article there's not much difference between being strapped down to a board and being held down by a bunch of people and then adding streams of water into your face to essentially drown you in only interrupt that browning or you die and this was on the number of
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cases that i found documented. as to money order and legal documents with medical personnel present as well similar to what happened with the waterboarding with the cia. so whether you want to call it water treatment waterboarding water around proofing is one that for me told me i actually wrote that. it's all amounts to the same thing controlled drowning of people to torture them and you say i'm number of cases how many do you actually find. i know about eight cases where people have. to get through the process or it's been in the legal brief or one of the cases in front of is being used in the spanish courts in the attempted prosecution of rumsfeld and other american officials torture and universal truth. that would be omar good guys who is
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a british resident the libyan born or discretion and who was. you know had his. itself in the toilet and had him in there with sprayed water into his face and they perspire a these people held them down. and i have about eight or nine prizing when you consider many of these people were really is not. in general many of them were. actually drivers they went back also the united states has told the teams when they leave they do not talk about anything that happened they make them find papers in the lawyers or muzzle desboro they can't say what they know that the u.s. has done everything it can to cover the torture. but the thing is you know here we had the footage from this house foreign affairs committee hearing right you know in your report the jeremy scahill reported on one of these incidents you compiled a lot of reports that were already out there so the information is there why does
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our press think continue to ignore it well because no one had put it together. and that the government with all the. attention given to the things and the waterboarding they put out. a narrative and this narrative of stuff by the congress by the press and you know we we don't know what we know unless we're kind of oh no and no one has you know they haven't you heard rumsfeld and you give a quote of that in minutes ago claim they've never been any want to get behind the nomenclature of waterboarding and they didn't because in that they were we didn't feel it was no wonder we didn't say that there was no water torture and in fact in the army manual today which is the current standard. according to reduce them to president obama. getting rid of the old. yes interrogation
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techniques among the prohibited techniques only one of them as corporation marks remember that one was waterboarding and that is to me they are using the definition of waterboarding but they aren't impact on prohibiting other forms of water torture so they are free to interpret it as they see fit i guess whatever water treatment amounts to be done the thing is here that the obama administration has got a lot of critique i think rightly so for not trying to go after the bush administration or launching any kind of a criminal investigation into the war crimes there but we also have vendors of congress that in this hearing of the clip that we showed earlier congressman rohrbacher even said well it seems like there might be a loophole here so how do you blame or can congress also call for investigation if they're actually seeing these inconsistency the for their eyes are hearing them.
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absolutely and i'm sure that congressman murtha regrets i mean i think that that series of recent may two thousand and eight just a presidential campaign was heating up and i believe that. it so often has to fight for accountability. and accountability and sacrifice to partisan electoral politics on both sides both democrats and republicans and they don't want to bring the obama presidential candidate obama later president we're not going to look backwards we're not going to investigate or prosecute these people in the democratic party in line. and so they definitely are in fact today. we were the one that armed services committee was responsible for oversight on military matters brought to their attention these groups from ports and asked for comment and they are actually at the crime to comment on it i want to ask you
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quickly too there has been a huge lack of accountability of holding anybody responsible but there is one case that actually if a court appeals allowed to go through today against donald rumsfeld this is an american citizen who claims that he was actually tortured what do you think about should we look at that a sound bit of hope or sophistication where the obama administration might be able to step in and use state secrets or you know find some way to wipe it off the map. no doubt the government will appeal this and they will probably cry to you. but i think this is a victory you have the us in chicago very worth greatly. a u.s. citizen tortured or killed even in a war zone and the u.s. is involved in war activity again this is a different this is us and a people from around the world put them in guantanamo and meet them on the road and of course right if it's criminal in international law and i believe even national
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you know this is a victory a month move forward whether it will bring us in open up you know it is accountability for the government remains to be seen but it is a step forward i think it's a good you know that's the case of me and. i mean. i agree and i've been around you know yet but thank you for bringing them in there jeffrey i want to thank you so much for joining us tonight and you know i hope the support gets more attention because you can use whatever word or definition you want still means that we're torturing people i think of the rest of the world so i will feel the same way thanks thank you. well still ahead tonight we have our monday to sion of it you said it and i read it and in these difficult economic times i'm young ladies are looking for sugar daddy but is this just socially acceptable to prostitution after just not.
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