nies mainstream media hosts out there chris matthews he's the host of two very well known shows and he seems to know his stuff when it comes to politics at least the horse race part of it so not only has he worked as a journalist and reporter on capitol hill for decades but he even spent some time in politics as a speechwriter for president carter as a top aide to speaker tip o'neill so with his wealth of knowledge of course he was tapped to weigh in on president obama's speech last night along with the rest of us n.b.c.'s all star team however one part of obama's state of the union address really stuck with chris matthews. this thing that came out of nowhere to be having worked up there for all those years and covered it insider trading by members of congress i mean they much to the wind must have come out of that when they heard that here's a track it's an attack institutionally against them that there is some sort of insider trading going on up there where they're benefiting from their knowledge of what's going on in committee work and going off and investing quickly in some sort of day trading or whatever on stocks i have never heard any reference to it before

in my life anything they were else notice how shocked he looks when he's discussing this he even goes on to say that lots of politicians in their significant others are going to be blown away by what obama is talking about. insider trading you know this is tough stuff and i wonder what he's up to if he's got something that he's going to work on here but i'll tell you the members of congress and their wives their spouses most of her dead and then when they go home they must be saying what's this the president's talking about insider trading on capitol hill you know something about a deer. wow matthew is this really just blown away to all the records of the insider trading and in fact he speaks about it as if he's reciting a lesson from a textbook but guess what chris nobody's going to get in question about it tonight when they go home because everybody already knows about it in the whole problem is that it's illegal but he is imus n.b.c.'s go to guy for anything relating to d.c. in politics so how come our viewers have missed the major story that c.b.s.'s sixty

minutes did just back in november where they put the spotlight on these questionable practices for example insider trading on the stock market if you are a member of congress those laws are deemed not to apply so congressman get a pass on insider trading they do the fact is if you sit on a health care committee and you know that medicare for example is considering not reimbursing for certain drugs that's market moving information and if you can trade stocks off of that information and do so legally that's a great profit making opportunity and that sort of behavior goes on or does congress get out now the two month old report goes on to highlight how house speaker john boehner former house speaker nancy pelosi and spencer baucus are all engaging in these practices on a regular basis. these meetings were so sensitive that they would actually call for skate cell phones and blackberries going into those meetings what we know is that those meetings were held one day and literally the next day congressman baucus

would engage in buying stock options based on apocalyptic briefings that he had have the day before from the fed chairman in the treasury secretary i mean talk about a stock tip well congressman yes it was a story that will have basically all of capitol hill buzzing l. that house financial services committee even held a hearing proposed legislation to force politicians to comply with insider trading laws there's even a bill that's been in the works since two thousand and six that is years before sixty minutes did this piece called the stock act the stop trading on congressional knowledge act it's gaining bipartisan support by the day and that's why the president took time in his speech to encourage his fellow lawmakers to send in that bill the side so i just don't understand how did chris matthews miss the c.b.s. story the bills and the hearing i thought of this guy lives and breathes politics i guess he was sleeping on the job because insider trading is common knowledge and that's why president obama addressed it when he spoke to the nation last night it's not just an element of the president's upcoming election campaign he's actually focusing on

a problem that is affecting americans view of congress which is that they think and know that it's corrupt but since chris matthews is considered one of the most influential voices in the media went to give him tonight's all time award for so epically failing in either being oblivious or just ignoring this obvious problem. how do you guide time for happy hour joining me this evening r t web writer andrew blake and comedian tim young gentleman is going to meet you know it's been a while since we've seen an anonymous video but turns out that this one isn't actually from anonymous trying to see if you can guess who made it. evil that's how it's wing in this country and throughout the world we need triumphed in the political arena we looked the other way when it invaded our schools and prayer replaced discipline humiliating our children made them on safe and fed them lies

when it took over the media we would not believe. i get this kind of giving away of it was he was glenn beck all right really what is that a fresh ideas to do anonymous and tell us about how evil atheism is or something he's doing parodies now like weird al i mean next i think he's probably going to do miley cyrus's the climb so i mean it's really that's and to me honestly anything about love like creepy things about love scare me more than the original anonymous video like a really bizarre i still don't grasp the concept so it doesn't make sense right now i mean it was either kurt cobain or lady gaga one of the other says you know you don't make it until weird al covers and i feel like glenn beck's the same way that . he's doing the state of the union next week you know there's obama will officially made it berries and. so we have made there is going to the next nirvana well he said after our t.v. for us that we made a long time ago all right. let's talk about. so there's this city community of twenty eight thousand people and on the exact same day where four

police officers in east haven including the local police union leader were charged by federal authorities with civil rights abuses against latino members of the community this is what the mayor had to say about it with such tension it's you know community with a force of fifty officers still no police officer latino ancestry. and your point being the mayor didn't get it just look at this exchange we don't for the community today i might have tacos when i go home i'm not quite sure yet. i didn't like that official are supposed to be a little bit better with your words no they're just saying that to this dude's been he's been the mayor of east haven for like fifteen years something ridiculous like that he's had this whole scandal just friggin ruined his brother want to talk spanish this latino bad t.v. would all be sure he was going to have tacos or not i don't know whether i would

but when i wake up every morning i usually want to. blame the guy for wanting talk as if this whole thing number one if you want to help out the mexican community you know to order margaritas because alcohol is more valuable than talk to us but the other half of that story is that cleaning and maintenance came to an absolute halt in city hall after he made that statement is that true just what i heard you know just kidding. about it about it just a jerk and here and there to not be in office but you know more than i was about als whatever i think i think he tried to make some kind of a claim to that it was like that's barely any of our constituents or even lead teano well the back yard i didn't even matter the reporter went on to say that he ran out the mayor ran out of the office while he was still reporting on the street and said oh i take it back i took it back i never meant that so like how lame are you on t.v. now are you going to run out of talk to have to get him into it can't have that happen oh yeah let's move on to google's new really crappy policy that takes away

all of your rights to a new policy reflects our efforts to create one beautifully simple experience it means that if you're signed in will treat you as a single user across all of our products combining information you provided from one service with information from the others. so you have a better more intuitive experience from the moment you sign in to the second you log out. oh it sounds so intuitive and happy but it turns out that google now just gets to get rid of all their privacy rules for like the sixty different products that they have because they claim that now they just have one product and so in order to use anything google related you just have the same policy or terms of use that applies to it all because it was real because i knew the story but that just looked like there's a lot commercial actually that was another one of the impacts videos was equally as creepy as the first one but it's pretty weird because when i log into my g. mail now it's going to be like pro-wrestling news new york mets suck and images of alone which is that's why i don't understand that i feel like that they're going to have to streamline everything before it really matters to me like i want to be

watching porn in the me like hey andrew don't forget those wein bootlegs you want to download and then and then the them also i don't care about streamlining my google maps with my do you still need to raise you're going to work i have one what if i want to keep something separate no no i have to say hey our last story real quick we don't have time for the clip but we heard a lot from the republican candidates about cuba and how they want sanctions to stay forever and they think that fidel castro is going to hell and. he has some opinions of his own on the g.o.p. candidates in an editorial he wrote the selection of a republican candidate for the presidency of this globalized expansive empire is and i mean this seriously the greatest competition of idiocy and ignorance that has ever been he needs to stop plagiarizing me. i want to just hold it up to you guys are pretty damn embarrassed that he said he was dead he really will kick you know pick and still jerk there is what i call heaven where. you know communism

having i lived in what else. getting off we got to go thank you for joining me tonight that they're going to do thanks for joining and make you come back tomorrow there's going to be joining us again for happy hour in the meantime don't forget to become a fan of the a lot of show you can follow us on twitter you can catch everything you tube dot com slash on the show and up next. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture.

download the official placation joe i phone oh i pod touch from the top story. which all teach life on the go. video on demand all teasing blindfold costs and streets now in the palm of your. question on the altie dot com. the mission free accreditation free zones for chargers free. arrangement free. free studio tied free. download free blogs just plug in video for your media projects and a free media dog r t v dot com. me it is easy to.

get it to. accept. well i'm tom are in washington d.c. and here's what's coming up tonight on the big picture the applause breaks during the state of the union tell us a lot about what people are thinking and what the president is saying were there any surprises last night when it came to who did and didn't the blog also president obama laid out plans last night for a minimum thirty percent tax on millionaires and server is of course are going nuts so of course we'll ask a couple of them followed it in tonight's one liberal and in tonight's daily

economic austerity and anorexia have more in common than you may think i'll let you know how they are similar and how to cure a recession. one of the really interesting and unique things about the state of the union address is the applause breaks they actually turn a roughly fifty minute speech typically into about an hour a half speech on so i will stand up applause why a linear applaud mute you know softly and the other side sometimes sit on their hands sometimes both sides stand up and all this gives you a sense of where each party stands on the various issues by the applause who's applauding how loud they're applauding how who's yes tickly they're employed. by looking at john boehner his reaction to as he's sitting behind the president he's on camera a lot you can kind of since he's the opposite party you can kind of get

a sense of how the republicans are responding to a democratic president so going off last night's speech we learned an awful lot about the republican party not just their not just the party of no they're the party of no applause. for example on ending tax breaks for job outsourcers tax breaks for people who send jobs outside the united states while promoting tax breaks for job in sorcerer's when the president proposed proposed that what's that eric cantor and the republicans think of the idea. it is time to start rewarding businesses that ship jobs overseas and start rewarding companies that create jobs right here in america send me these. didn't look too happy about making sure the kids stay in high school until they're eighteen years old surely everyone would support that right. not speaker boehner. i am proposing that every state every state requires that all

students stay in high school until they graduate or turn eighteen. thanks. i think boehner was missing his genitalia and he's out ok with that either how about student loans i mean you know the young men and women shouldn't drown in student loan debt right this is the first generation american history with that's going on can i get some applause from the right side of the room for that. this congress needs to stop to be interest rates on student loans from doubling in july . please. i guess not let's try immigration reform how we stop deporting immigrants who want to fight for our nation and who want to start companies is senator john mccain out there he'd support that right he has in the past if election year politics keeps

congress from acting on a comprehensive plan let's at least agree to stop expelling responsible young people who want to staff our lands start new businesses defend this country. send me a law that gives them the chance to earn their citizenship i will sign it right away . ok i think we know something we can all agree on about women should get equal pay for equal work rights by speaker boehner. and these women should earn equal pay for equal work. thank you not even that how about this everybody thinks we need to end our reliance on foreign oil is the senate majority leader mitch mcconnell in the house i'm sure he'd agree on that one last year we were alive last on foreign oil then in any of the past sixteen years.

stone i guess mcconnell wants more foreign oil shipped from nations who want to kill us all right let's try one more the president wants to turn our military green the department of defense is the largest consumer of oil literally in the world we can all agree they greening d.o.d. is a good thing for everyone right speaker boehner i'm proud to announce that the department of defense working. with us the world's largest consumer of energy will make one of the largest commitments to clean energy in history with the navy purchasing enough capacity to power a quarter of a million homes a year. that's one tough audience republicans aside though it appears that the president's message did resonate with the american people and big time last night c.b.s. poll of speech watchers found that ninety one percent of americans approved of his

proposals eighty three percent approved of his economic plans and that by the way is a substantial jump up from fifty three percent approval before the speech unfortunately it looks like republicans are poised to block many of those proposals for more of last night's state of the union and the rest of the big stories of the week it's time to rumble. joining for tonight's on the panel for tonight's alone little wobble heather servo conservative strategist associate a blueskin solutions blogger heather servo dot com and chris all the conservative commentator and activist welcome let's get going for them both to both of you last night president obama called for a change in tax codes the so-called buffett rule where anybody making over a million dollars a year should pay at least thirty percent in taxes top tax rate right now is thirty

six percent thirty five percent one of the other so anyway here's what he had to say. tax reform should follow the buffett rule if you made more than a million dollars a year you should not pay less than thirty percent in taxes among. is that reasonable. tom as i've said on this program many times you could take all the money away from millionaires and billionaires and we'd still be in a hole that is not that was a question and i'm not talking about a solution to our budget deficit i'm saying isn't it reasonable that somebody makes more than a million dollars should pay at least thirty percent tax when somebody you know want a family you know where you've got a cop a teacher could be paying up to thirty thirty five percent i do think that we should have a graduate tax rate maybe thirty percent is fair i do think we should close loopholes so we have a fairer system i just don't want to i just don't want the tax burden to be so heavy on millionaires and billionaires who are saying you know the rich taxing the

rich is a solution for our problems which is what obama pretty much says where all of the programs are going to say it's like thirty percent chris during the height of the of the of the growth of the american economy from the one nine hundred forty s. until the one nine hundred to one thousand nine hundred six the top rate on millionaires and billionaires was between ninety one and seventy four percent they were doing just fine well that's not true when reagan lower the tax rates actually the treasury got more money from lowering it and hey if obama's for a flat tax that's great let's have a thirty percent flat tax on everybody where do you get thirty why isn't it fifty why isn't it twenty but let's move to a flat tax if that's the most fair saying so and i think if somebody were to talk about fair somebody who's working at wal-mart making sixteen thousand dollars a year and barely barely able danger hey you know in the shadows you know that i want a flat tax you want them to pay thirty percent well i think i want some kind of a flat tax even if there's two or three rates but to here to penalize people for two or three it's not fair to penalize people who make more money and contribute more to say i don't see to pay taxes taxes are the cost of civil society so are you

willing to have a tax on those forty seven percent of americans who pay no income tax i already are paying taxes they're paying sales tax on any kind i one hundred percent of their wages they're paying payroll taxes on a you know if they don't manage income tax they don't support their military and they don't have the residual education what about all these. aren't they are already sales tax they're paying all kinds of fees they're paying taxes on everything that they buy the certainly their planes are rich people and if you add all those up the rate for people is a lot more than thirty percent so maybe ron is living a no taxes on the forty million bucks he's stuck in swiss bank you know why because you already paid taxes on the income that he earned when it was income and then he invested it so you want to tax him twice so you're suggesting that if i have income and i use that money to start say a garage and investment you know a repair shop that when i make a profit on that i should not pay any taxes at all if their dividends yes port fifteen percent rate or whatever the rate i reference it's after tax money that i'm

using to create something is going to make money that's going to hire other people and stimulate the economy and writers are really really going to say if i run a business i should pay no taxes whatsoever well what if you're taxed at thirty percent on those in what i work in that business should i pay taxes on your income you should so if you work in a business you should pay taxes on your income but if you own the business you should on your profits from your investment not your income there's two different things well if you own a business the profit is is from your investment i mean you know we own our own best friends our stocks and bonds and those kind of investments that if you started the business you know just mitt romney started being financial and he gets paid on the money that he invested in those investments that paid public pension holders dividends and all those things that are there only paying fifty one as a nanny that was never taxed that's not really what is taxed but where they invested it's a very delicate balance because we. democrats always like to do is to make the

burden heavier on the people who start start businesses and that's what helps our economy it's not creating government jobs it's getting private the private sector again obama is i got to go i. just had that will have to agree to disagree on the republican response is what indiana governor mitch daniels said about the republicans and the president and. in three short years an unprecedented explosion of spending with borrowed money has added trillions to an already an affordable national debt and yet the president has put us on a course to make it radically worse in the years ahead. but the actual numbers don't line up here's a chart that shows who contributed to our debt back to three behind us hundred eighty nine percent of the debt came from ronald reagan fifty five percent from george w. bush it was reduced by thirty seven percent of our debt came from bill clinton one hundred fifteen percent of our debt came from george w. bush these were these are you know increases in debt under fifty percent increase

and sixteen percent increase by obama why is my comment on t.v. lion and why is this like some kind of major talking point for publicans when the facts point to that it's that it's a lie but these are percentages of increase i went to the us treasuries website today u.s. treasury dot gov and at the beginning of george bush's term to the end he raised the debt four point nine trillion in eight years this president has raised it over five trillion in less than four years how do you answer that well he always had only a hair and a depression no no. he added he added more in less then four and there is a dip then reuters did and a year ago said that he said he inherited he didn't say george w. bush gave him this go lowing wonderful economy and he destroyed it he said he had it he had badness when he came into office and he did nothing to improve it he made all he actually improved substantially we had twenty two consecutive months of

private sector job growth if those people were not paying taxes there would be even worse than it is but you know what i've said i'm going to get woodward let him to increase the debt to disagree ok well let's take a break here and we'll come back with more with the big picture of the river. let's not forget that we had an apartheid regime right. i think. even one well. whenever the government says they're going to keep you safe get ready because you

give them their freedom. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you. don't i'm sorry welcome to the big picture.

while the magna lower the liberal rumble tonight i'm joined by heather servo conservative strategist associate of blueskin solutions and blogger heather sermon dot com and chris allman conservative commentator and activist welcome back to both feel it's get into this mitt romney is definitely wall street's favorite guy he's got more money from wall street then all the other presidential candidates republican and democrat at the federal level can you know it for the president combined he's got six hundred thousand bucks just in the first three quarters of two thousand and one or two thousand and other of president obama has only gotten two hundred thousand he's number two wall street is banking on the republicans when

in the white house seventy percent their money is going to republicans so far it's the most lopsided spending that we've seen from wall street since they became a major player in the political arena over the last twenty years so for publicans win this year wall street wins big right. you know i i don't see any problem i don't see why democrats think money is a bad thing in politics i think that we really we should have more regulations we have actually the more money seems to be spent on elections the average person can spend money on elections the average person's voice gets drowned out well i mean i people like david koch. what i'm saying is a fine yeah i mean there are a lot of people which are but you know the wall street i know that you love to talk about the banks and how corrupt everything wall street is but i think. what not every not everybody there if you post most of them but you know i mean i think that wall street is a lot of good things i mean business as pro-business mitt romney or public and party are pro business so it makes sense that they would donate more money to the

pro-business people than they would to that well drama but yeah but but wall street is is not running a business wall street is making money on money well let me just say on this washington post reported in october of two thousand and eleven that the democrats had raised fifteen point nine billion million dollars from wall street but we have a real problem and i think conservatives and liberals can actually agree on this and that is we need to stop a lot of these subsidies and a lot of these tax breaks for whatever it is whether it's or oil or green jobs or whatever it is instead of using the tax code to punish certain people and reward others that's why we need to much get rid of all these exemptions yet you're all stupid it is only takers of both political parties hollywood and obama yeah hollywood no bond i am not disagreeing i would neither one of you know how do we get money out of politics i don't think we can get money out of we want to get money out of politics we just need to stop using the tax code to reward.