tv [untitled] October 25, 2011 10:00pm-10:30pm EDT
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rocking the lower shell get the real headlines with none of them mercy or can you live in washington d.c. now tonight we're going to take a look at how the tax plans are opposed by republican presidential candidates really shift the burden to the middle class also take a look at the signs of the economy isn't getting any better as consumer confidence levels of call it to two and a half year low then last night police clashed with protesters occupy oakland and seventy five people were arrested so we're going to speak to somebody who was there and talk about the long and complex history between police and the protesters in oakland overall then the obama administration promised to be the most open entrance parents in history but the d.o.j. is trying to change the rules of the freedom of information act to allow the government to lie to you so we're going to have all that read and i am more including of those of happy hour but first let's take a look at the mainstream media has decided to miss.
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all right so at this point the majority of republican presidential candidates have released their individual economic plans for how they're going to get the country out of financial ruin forget about the fact that the chances of them actually getting congress to pass that legislation and that those tax programs will slim to none but they're still running for president right they want to know that they have ideas and so rick perry who's been blowing it to say the least lately when it comes to the debates he's finally decided to join the club and release a flat tax plan of his own. rick perry lays out his plan to fix the country's economy perry announced his cut balance and grow proposal the focus his proposal for a flat tax option this is the size of what we're talking about right here next players will be able to feel that the father taxes on the texas governor says you can
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balance the budget by twenty twentieth's in your budget cycle it is an optional twenty percent thought income tax that people could choose to replace the existing i.r.s. tax code that includes giving taxpayers a choice stick with the current rate or take a flat rate of twenty percent the flat tax would preserve some popular deductions might mortgage interest and charitable contributions for families earning less than five hundred thousand dollars this is all part of a rick perry reboot you can call it perry two point zero. if even a problem here is that rick perry's flat tax a twenty percent tax of these can fill out on a postcard because they are so simple but it's really not that simple or flat or fair at all but perry's plan does as you the other plans of many of the other candidates if again lower taxes on the wealthy in this country shifted the burden to the poor and middle class perry's plan would call for deep cuts in federal programs the ones that lower income families lower income families need moats they would also raise the retirement age for social security and raise the eligibility
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age for medicare he would eliminate estate and capital gains taxes and wealthiest americans but instead of thirty five percent pay only twenty percent but then again his plan doesn't actually say whether or not it's going to raise revenue and the idea is that well lower taxes make people invest more but that isn't exactly happening right now so probably i'm really going to mean a lot less revenue for the country hence the counter of lowering taxes with cuts in programs that americans so desperately need you know i really wish that you consider cutting gutteral spending on weapon systems we don't need wars we shouldn't be fighting but i guess that's just silly especially with the republicans with the exceptions of course of gary johnson ron paul now. of course let me also be the bearer of bad news for just one moment remind everybody that perry's twenty percent flat tax rate is optional you can opt out so once again it doesn't actually simplify anything and then think about that for a moment banks are sitting on cash they're not giving out loans ten million americans have homes that are underwater more than sixteen percent in real terms of
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americans are unemployed businesses are flat out not hiring they're just making employees work longer hours all wages are stagnant and in wall street the one percent if you will they're making a record profits and getting higher bonuses so again we see why people are protesting all over the country right now because of their frustrations their feelings that things are just not fair and what is some of these presidential candidates offer to solve all of our problems to make it more unfair to cut more taxes for the wealthy and they're shielding it all by acting like they have these really really simple plans really catchy catch phrases nine nine nine cut balance and grow to taxes on your postcard give me a break but the problem here is that the mainstream media think they're actually fooled by it you know these people they don't like to get bogged down by specifics annoying little details and in real analysis so they actually just regurgitate the plans of these candidates try to sell regurgitate the simple slogans and then they conveniently leave out of the lower middle class are going to end up shouldering
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most of the burden so let me just remind you one more time mainstream media you're supposed to be informing the public you're supposed to be the government watchdog at all times not just when it's convenient for whatever party it is that you're towing the line for but you are the establishment and in order to divert the people's attention from the fact that you worship the power structure in washington d.c. and in new york you repeat lame catchphrases and simple numbers we're not pulling me you're not pulling our viewers so we can continue highlighting everything that you choose to miss. now if we consider the various economic plans that are being proposed by republican candidates and say that lower taxes are going to get people investing in the economy again let's take a look at a bit of information that just might throw a wrench into that today the new york times is reporting that banks are currently flooded with cash because americans have taken their money out of risky investments
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and they've decided to just keep it all in bank accounts and step where it's safe but where does little to stimulate the economy the banks meanwhile are not lending despite the large amount of cash and consumer confidence of the economy has now fallen to two and a half year low so let them take to get money moving again or discuss this with me is pack a rough low economic policy and therefore think or it and i thank you so much for joining us tonight ok so what do you make of this right of first we know the banks not the kind of cash that they were sitting on a not lending because it was their cash now we know they have you more cash because more americans are deciding not to invest keep it all bank accounts you know at one point can we expect a few loans to actually be made can we expect this iron grip on cash reserves to be loosened i mean it's actually makes sense if you think about what the problem is in the economy right now the problem is there's no demand so customers aren't going out and buying things for the good reason that they're unemployed they have a ton of debt they see no reason to go out and purchase things and therefore businesses are going to expand because they have no customers and are going to hire
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more people because it's not worth it to them and so therefore you have this backlog of things sitting back a lot of cash sitting in the bank it all makes perfect sense so you have to do is stimulate demand those are the sort of things that democrats at least most of the time in trying to do things like public works projects to put people's money in people's hands so they can go out and spend it things like tax cuts for the working class so they have more money to go out and spend it and then you get businesses who think hey we have some customers will try to expand and then they go to the bank to get a loan but right now the whole chain is clogged up because there is no demand no one wants to go out and spend any money nobody wants to go out and spending money and there's no confidence like i mentioned rightly also this report that consumer confidence is suddenly. and we're not suddenly fall into this two and a half year low and you know what do you think that's going to mean for president obama clearly those of the two and half years that he's been in office that's not a good sign it's a bad sign in particular heading into the holiday season which is one of those times when you count on the economy picking up a bit but again people don't have much of a reason to feel good about what's going on unemployment is high and going in the
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wrong direction people if they have a job or worried about being laid off they're buried under mountains of debt we actually saw that student loan debt is going to hit a trillion dollars soon for the first time ever and none of that looks good and so it makes perfect sense that people aren't going to go out and spend their money or spend the cash that they have but that's bad for the economy as a whole you know it's interesting you bring up this the student loan debt i wasn't already reached a trillion dollars to officially reach a trillion dollars over the last week quite there yet but it's a really objecting it's on its way it's on the threshold there and so at the moment we have a president who's been touring a lot of the last to me a stop in las vegas yesterday announced this new revamp of the housing program tomorrow he's going to announce some new plan when it comes to student loan debt and this is really probably america right americans are saddled with debt because the student loans credit cards because of their homes but there was a really interesting rasmussen poll that came out asking americans if they think that the one trillion dollars worth of student loan debt that they hold should be forgiven and above sixty percent actually said no so do you think that that's
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shocking or are we now in just this anti bailout mentality no matter what it is or who it is and what it's for i think that's part of it and i think americans kind of have a visceral reaction to forgiving someone else's debts but if you look at the things that are weighing down the economy that's a huge one housing to credit card debt student loan debt and a lot of instances it was people who didn't really think that they were taking out that much debt or they were taking it out at a time when the economy was much better and so if you want to get back to what we're talking about for get people spending again one of the best ways to do that is to get the debt burden off their back but i think that day. that people obviously don't forgive other people's debt isn't this the one thing that everybody in america has in common is it is in debt the most american thing of all absolutely i mean if you look at where this debt was coming i guess you're european and now you can talk but you but let's stick with america and about if you look at where the it was coming from on the mortgage side a lot of it was coming from people who fell victim to predatory lenders people who
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are now underwater on their mortgages through no fault of their own and so if you're going to forgive debt i feel like that's the sort of debt you should be forgiving people who didn't do anything or just going about their lives and had the financial crisis come down on their head and when they woke up they had all this debt that wasn't there before and that's you know an idea out there that some economists are actually floating around but let's start talking about some of these plans in these economic plans that we're seeing from presidential candidates trainer harry implants rick perry announced today what is this current obsession i guess you could say or the recent reinvigorated interest in a flat tax you know the flat sexism is that kind of hangs around through every presidential election you had steve forbes you have mike huckabee so it's one of those things that fringe candidates have supported for the last bunch of elections but it's never really gain much prominence from a candidate who was at least thought to be a big time guy like rick perry has a lot of appeal to conservatives who think that we're deluded themselves into thinking that it's a fair way to design
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a tax system not realizing the practical implications of putting a flat tax in place let's talk about from those practical implications are you with me here by the way in terms of my little rant i just want to know we have got i feel like a fall for this trap is i got my nine cut balance and grow your credit the new york times headline on the rick perry story today was rick perry unveils a huge tax cut for the wealthy so everyone that i want to see did it on t v not so much because that's where the really catchy phrase isn't slogans seem to work such as talk about it and not get perry's tax it sounds like a flat tax that comes out there and says twenty percent and that's it but for rich people they make most of their money from investment income you think of a god like war. buffett he's not getting a salary he pays himself a little tiny salary but the overwhelming majority of the billions of dollars in makes are from investments which under perry's flat tax are exempted entirely you pay literally zero tax on investment income so wealthy person who isn't making wages but is making everything through investments is going to pay a miniscule tax if they pay any tax at all it's the exact opposite of the buffett
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rule because he's probably paying even even less in taxes now than what he was before he was paying less taxes than a secretary was right and i mean even people who are in the top tax bracket so some like le bron james who's making his money from a salary is getting paid by the team his tax rate is only going to go from thirty five to twenty percent whereas people in the lower income tax brackets who are paying two three maybe they're falling getting up into the ten percent bracket suddenly see there's a jump to twenty ok but the thing about that is you know if you look at any recent public opinion polls it will tell you that americans think that the wealthy should pay their fair share in taxes that they're ok with taxes being raised on the wealthy so every single republican plan it's out there does not raise taxes on the wealthy quite the opposite i don't know. but i'm just wondering you know do you think that obama is really stuck in a rock and a hard place right now right he can't get anything passed which i feel like he's kind of conceded to that fact that he can't get anything done he's blaming it on
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congress but at the same time this week trying to find a few little things he can do just trying to break up the jobs plan into little pieces and already that isn't even working for him but at the same time are americans actually going to be willing to just try somebody else that's new even though they disagree with what their policy is because obama's been doing so that it's possible with unemployment as high as it is you really can't bet on the incumbent i would think. if obama's contract to use the harry truman blame an act of congress trick and absolutely if you look at the polls overwhelming majority it's not just americans but republicans support raising taxes on millionaires so hopefully you can get that message to filter through and be like really these tax plans that the. and it's a putting out are massive massive massive giveaways of the sort that we've tried for the last decade plus and it's not going to work but he definitely has a tough hill to climb is he going to get anything else in a little more than a year that he has left and i'm going to get small things done the little housing bit that he released yesterday something that he can do outside of congress the
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student loan stuff that he's hopefully releasing tomorrow is little stuff that he can do outside of congress but it's really tweaking on the margins these are the sorts of things that will certainly help but are not the big bold ideas that you need to create the number of jobs that we need to create just to get back what we've lost from the recession never mind keeping up with new people coming into the labor force i thank you so much for joining us tonight thank you. or taking a break but here's what's coming up i open became the latest purposely a large number of arrests or to get details on exactly what happened from somebody who was there and what's i thought he was as a growing list of enemies we're going to tell you about anonymous threat and a new adventure called occupied. in total where we would. do the work to bring justice or. i have the right to know what my government would want to know why i pay taxes.
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. do you believe the rep he. was testing nobody seems to know. every paper spray to face the argument that they're being overly dramatic. well i hope fox news is watching its back because seem to be a lot of angry groups that have put them on their list of targets as of late for starters activist organization anonymous is announced plans to tape down the fox
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website on november fifth now that they ring a bell to you because it shows that if you're familiar with anonymous his favorite historical figure that's right and on his is synchronizing their attack called operation fox hunt with guy fox day which is not surprising considering that was a day by fox attempt to blow up the u.k. parliament and the now iconic guy fawkes mask has become somewhat of a symbol for the hacktivist movement and there are plenty of valid reasons to go after rupert murdoch's media organization but this operation anonymous specifically is defending the occupy wall street movement and the coverage that fox news has given to it. anonymous intends on destroying news website because their continued right wing conservatives and can no longer be tolerated they use words and the disgusting and dirty to describe the protesters since they will not stop the let the ling the occupier we will simply shut them down. now non of us has
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a good point there fox and its talents have been working very hard to discredit the roots of the movement calling them dirty disgusting hippies ranting on how scary the idea of free love is but let me should remember the op isn't the only ones that are doing that we showed you the clips of erin burnett but back to fox do the absence of any official structure an anonymous it's pretty hard to tell how real the threat is this time around or even where it's coming from i've seen other hats that haven't quite lived up to their hype before the attack on the new york stock exchange which didn't actually pan out but i think it has to be said that as many hack that didn't live up to the hype there's that many more which did it so maybe fox news should try to prepare and like i said before there is more than just one group of targeting murdoch's company right now you see it since fox news has no problem attacking the occupiers solely matter of time before this would actually spread to the media headquarters itself that's right there's now an occupy fox news protest underway in los angeles and they're concentrating their attacks on the media giants leader rupert murdoch when caught sight of shareholders meeting to
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discuss the recent phone hacking scandal whether or not they would kick rupert his son james out of the company and he was banned from the conference room so they just stayed outside ultimately the protesters became the real story of the shareholder meeting and i think that it goes to show that americans are waking up and they're realizing the fox news simply shares the narrative that it wants you to hear whether it be about the occupy wall street protests or the murdoch phone hacking scandal but most of the cox news is aware of the planned anonymous attack how truly out of touch they are or mocking the occupy movement because one thing's for sure the occupiers aren't going anywhere. now speaking of the occupiers things got ugly between police and protesters occupy oakland last night reports say that hundreds of police from ten different law enforcement agencies arrested seventy five people and some reports in tweets of the ground so the police used all souls at their disposal to disperse this group things like tear gas flash grenades and rubber bullets and they started first frank a guy with cars outside city hall and then
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a second smaller camp nearby and the police tore down tents they tore down wood installed the house medical aid and food the officials are warning that in addition of the cancels coming due to sanity and public funny and public safety concerns but the occupiers in oakland like those in other cities around the country refuse to go so it's yet another clash and another city was getting details from somebody who was there joining me to discuss it is rachel jackson occupy oakland participant and longtime open activates rachel i want to thank you so much for joining us tonight and if you can start by just giving us a few details as to what you saw when the arrests are happening. then some on a. first of all we've seen is what's happening right now is an outright militarization essentially essentially martial law and things have died down for a little while but we know that it's going to start up again at four o'clock which is the next meeting place and everyone is being asked to come out come back out
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have pm but it's just it's been a major billet carry on a lot from ours until until now. and i just want to make a couple of points in the process one is to say that. when you look at the amount of force that has been brought out for what was essentially a hundred to two hundred peaceful protesters who were doing basically a traditional sit in and to be met with the kind of words then you've got in the studio to be met with the kind of force that they have is just being over reaction and the marriage is really a disgrace and an embarrassment for for overseeing this kind of an operation and also for bending the police and saying that they done a good job. rachel let me interrupt you for one minute you give us details because from the reports that i thought were conflicting or some of them were from people
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that were tweeting because they were there did the police use rubber bullets and flash grenades and pepper sprayed tear gas is all part of it pretty much all of that and for people who don't know they also many many of the police department in california have tanks and the oakland police department has a tank that is out on the street union. tank that is out on the street there are many helicopters there are dozens. on. on motor style. goals and just overwhelming force in terms of. as you can see here and. the claim that the. city officials had to take action. public or public safety somehow is just absurd because what police are doing now and with the warning is far more dangerous than any
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amount of rats or or or. complaints that the camp was dirty. you know quarter price can be cleaned you know water stations and hand washing things can be provided all of those things done really well with the people of oakland and especially really courageous young people is absolutely inexcusable and more dangerous than anything that could happen at the camp. you know what we know is that the media has just been a joke and has repeated like the w m d's that we've heard in the past and in the lead up and drum roll. in the invasion of iraq receive the same thing german media has basically niggers just hated the liers office and the police department public information officers and their press releases saying that you know that the bad
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camp is so dangerous they had to take action and absolutely not see the tempest in a thing and really in fact it's been one of the most diverse camps in the country and one let me ask you a few questions about that because i went down to the cotton parts just the other week and we went to the show from there and we happened to be there the night that everybody with preparing because they thought of the big cleanup is going to happen the next morning they're preparing for the police and so what the kind of part occupiers decided to do was start a massive cleanup operation themselves so they. improve you can't complain of this about sanitation because that places was speaking fan i must admit especially if you compare it to other streets in new york did we see those types of efforts in oakland or is there a little bit of a different reaction and i guess it's a relationship with the police right i know and i'm glad that you brought that up because you know we're seeing the exact same excuse being used over and over again
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around the country really this year you could take these press releases then these these statements from mares and police officers and public information officials you know you can take and and shuffle them up and rearrange the redistributive all the other different cities but they're all going to say the same thing and you know we think that trying to stop that excuses and justifications or really a great deal of brutality and intimidation that has a chilling effect on free speech you know when we. use the same ones used over and over again i think we have to be just as skeptical as many of the new. the evil the invasion of iraq let me let me ask you more too about oakland you know so far obviously we've seen some clashes between the protesters and police in new york we've seen in chicago as well and we've seen it in boston where there have
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been mass arrests but you know i know that you're an activist there in the bay area i know that you are an activist that was very much a part of a lot of the anger that surrounded the oscar grant trial and do you think that there's a different relationship let me ask you that again between the protesters in oakland and the police force there because at the end of the day right the thing for the keep hearing from my movement is that the police are part of the ninety nine percent that they should be on the exact inside they're also the people who are losing their homes or getting laid off but are the tensions higher there. absolutely i mean even just and in fact in california had kareem chilling this billion almost every week. san jose where they've also cleared out they've been arresting people in panels a california. i think six shootings in two months. similarly
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here in oakland there are particular officers that are responsible for many for a high proportion of the shootings that have occurred in oakland where police have shot unarmed civilians and these guys are actually out on their out on the police lines right now and you know people know who they are people are constantly reminded of the day to day brutality and use that spoke experience in in community and especially community of color in oakland. and a job that's going to hurt the occupy oakland movement and you know whatever change it hopes to achieve. well i think that unfortunately i think the people are want to include the police as part of the ninety nine percent people want to defend their well being as public servants.
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but what was happening instead is that the police are are protecting the one percent that their job is to protect the one percent and that we're seeing here that they're really willing to she just mowed down roll over whoever that they have to do in order to the cogently restore order and you know the sad thing about it is that these are people who are fighting one is these people are like you know the generation of these children and are fighting even for the well being of public servants including those that. are great i want to thank you so much for joining us tonight and you know we'll catch back up with you to see how the open movement there is going thanks great thank you alina. well coming up next we have our tuesday titian a show in town and then the d.o.j. is trying to change a few rules when it comes to the freedom of information act so simply they want to live the south korea.
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it means that only a military mechanism can do the work of supreme justice work out of the world. i have every right to know what my government should do if you want to know why i pay taxes. i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story and it seems so for life sleep you think you understand it and then you glimpse something else here sees some other part of it and realized everything you thought you knew you don't know i'm trying hard luck i'm the big picture.
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