well i'm john berman in washington d.c. and here's what's coming up tonight on the big picture wall street not santorum came out on top in last night's republican primaries how is it that wall street seems to always get its way in american politics also republican primary season drags on while americans tell washington no more war or coming up tonight in the long liberal rumble and in tonight's daily take we regularly drug companies to the products don't kill us why did reagan's appointee wendy gramm you regulate

financial products letting them kill our economy and those recent spain. you need to know this. we do begin. in two closely watched primaries down south tuesday rick santorum pulled off a clean sweep winning both held by alabama and mississippi despite outspending santorum five to one in alabama and the reader want to mississippi romney got third place in both contests other words his wall street super pac donors were no match for rick santorum is wall street super pac donors newt gingrich fiction finish second in the two states which is own campaign spokesman had said before and word need to win states to remain a credible candidate but based on his concession speech last night gingrich doesn't seem to be going anywhere. we will continue to run

a people's campaign i believe after the primaries are over will be obvious that the so-called front runner in fact didn't get there and from that point on we'll be in a whole new conversation. so much of the publican party chagrin the primary season continues and the establishment pick mitt romney will have to muddle along for a few more months and wall street billionaires will have to keep duking it out as well although on wall street side who scored a big win last night in alabama republican representative spencer baucus shelled out over a million dollars a lot of it on wall street contributions to beat back a republican primary challenger in his home state of alabama keeping his grip on the chairman seat in the house financial services committee baucus has been dogged by ethics investigations by the ethics committee for corruption and alleged insider trading and has been using his leadership position to stop the very wall street reforms that came in on his banks your buddies this fall and next year baucus is

also the guy who infamously told the birmingham news back in two thousand and ten when he found out that he would be its top regulator on capitol hill in washington the view is that the banks are to be regulated and my view is that washington and the regulators are here to serve the banks this is the very definition of regulatory capture so how is it that wall street always seems to get its way in american politics well for one there's the supreme court's citizens united decision we have wall street free reign to spend unlimited amounts of money in our elections but this wall street takeover really goes back a lot longer and here's the bigger picture to start out with meek ken lay back in one thousand nine hundred two ken lay wanted to make money hustling energy to rhythms but it was illegal so the chairwoman of the commodity futures trading commission who had regulatory power over those who appointed by ronald reagan in one nine hundred eighty eight the name was wendy gramm she made us when this is

when he made a special exemption just for enron. six days later she resigned her position as head of the c f.t.c. and five weeks later became a member of the board of directors of enron making millions ken lay's enron men set up over two thousand subsidiary corporations over eight hundred of them offshore and evans and begin jacking up the price of electricity especially in california ken lay had a secret meeting with movie actor arnold schwarzenegger and shortly thereafter california was in huge trouble as was its governor gray davis we all know how that played out meanwhile wendy's husband u.s. senator republican senator phil gramm got over a million dollars for his senatorial campaign from enron push legislation in congress to do regulate derivatives so that enron and other bankers like goldman sachs could make billions with a b. in profits within one year after graeme's bill passed in two thousand enron's wholesale revenue quadrupled to over four forty billion dollars and other banks are

starting to get into the game and runs bets took them down there was no government bailout for enron when they got caught shorting things but wall street banks toure's kept making the same kinds of bets on essentially the same kind of the same kind of products these derivatives and when they crash in two thousand and eight george w. bush bailed them out and since ken lay and fill in when he gramm got into the game on behalf of enron wall street bankers have gone from out of salaries to in some cases earning over a billion dollars a year per person is over twenty people on wall street every year make over a billion dollars since then in two thousand and ten the supreme court said these billionaires could begin to buy politicians and flip elections with their money as the citizens united decision so with enough money to corrupt congress the banks are set out to do it and on their very own republican candidates for president several wall street bankers are among mitt romney's biggest multimillion dollar plus funders and another wall street guy foster freeze owns ricky santorum this didn't start with citizens united that was the high water mark it really all started with

ronald reagan appointee and linda gramm had to see f.t.c. and ken lay making her and her husband an offer they couldn't refuse by the way group the grahams are now retired and incredibly incredibly rich and our democracy is unmeasurable poor. it's wednesday which means it's time for the lone liberal ronal on our panel dr brian darling columnist of human events and director of government studies at the heritage foundation and david mark tasco executive director of the daily caller welcome to both you guys and thanks for joining us first on curious both your takes on santorum when and what's going on inside the republican party right now and and do you think that santorum is sarah palin in the suit and how well the number of people who describe it i think it's pretty clear that rick santorum although we want to big victory on paper i mean he he won in two states even school he pushed

aside newt gingrich newt gingrich's whole reason to run was because he couldn't win in the south you clearly can't so he is still in the game will mitt romney he came in third place but if you look at the delegate count thanks to some knowing of law you actually won more delegates than rick santorum so although the media played it up as a big victory for rick santorum actually was a pretty good day for mitt romney here is your take you know i like the momentum that rick santorum has been putting forth lately i don't think will be enough i think it's pretty clear to everybody that newt gingrich's candidacy is not its last death throes and i think it's also very clear that romney will arrive at the convention with more delegates than anybody else the only ballgame left right now is whether or not he'll get to that magic number if he doesn't get to the magic number or eleven forty three if he doesn't get to the magic number then even a back bencher gingrich and actually exert some power over what happens and that's why he's saying it he doesn't want to throw away his chips and sort of say to his delegates ok out you know go well for rick santorum well it was actually

a member of the of the ron paul staff the other day so the ron paul is staying in in part because he will have those chips he will have those markers that he can turn in in exchange for like cabinet positions for his son rand those kinds of things i mean you know is is this you need a. horse trading in politics i do. the thing that concerns me frankly much more than the horse trading the politics is the stuff i was talking about that will open the ramp and that is that rick santorum would be running a foster friess was and funding him you know. you need just one guy. on wall street that's funneling money to the obama administration who's in big trouble m.f. global are figured at the job corps on it would have been a job out of their job corps and given any money to any poll he was before he got into trouble and he was one of the biggest donors to obama in the last election cycle was your last on religion on t.v. obama not going to be your right president obama got a lot of money from wall street the last election cycle he's not this time and we saw we saw those who had seven thousand dollars on us mitt romney's ten thousand

and we saw that headline in the new york times you know when he was talking about the past and present mccain. you know look let's get this thing rolling in and put this guy in as chairman of the and the banks here's where i mean buyer's remorse on wall street was the headline in the in the york times about we're not going to give give money to so we'll see we'll see where this goes any let's move along on this it turns out the republicans are giant hypocrites when it comes to spending you guys at the seas to try it's just with me show them off your personal government spending reagan bush skyrockets government spending clinton flattens out i mean you get a little bump toward the end here bush skyrockets obama kind of flattens out even more visible with the second chart here which is this is this is a reagan and bush and bush knows they're all way up here this is the end of the first term to get reelected this is the end of first term government spending increase in government spending this is bill clinton and this is barack obama so

when are you guys republicans going to just come right out and say you know we really believe in government spending like crazy to stimulate the economy make things better toward the end of a presidential first term when there's a guy in the white house is a republican but not when there's a guy who's a democrat and. have a look at this is right below the zero percent line right now i think it's fascinating that the house selectively this is presented i see the logo the bottom of your view is good to see because he's here talking points memo or toilet paper memo you see it but what they forgot to tell you is who is controlling congress at any one of these jokers but the president doesn't spend the money he could propose what he wants and half the time you know when reagan or bush was president and the democrats took the congress it was dead on arrival officially they even had dick gephardt at one point had a giant stampede to do your way so us only who would know this whole drama obama had democrats in charge of congress i don't see any increase in spending well there was a little bump there that was the right after his first term in office that was the stimulus bill but i'll agree with you on that but the fact of the matter is we all know this if the republicans really or the democrats for that matter really don't

want something to get through they've got a filibuster in the senate and a pretty much doesn't but harry reid's taking the filibuster away that he's actually exercise the nuclear option or want to cater to filibuster is no longer safe gingrich up there not giving him any credit for all the help of the during the clinton years there and the whole year is a house he's going to flatten flat want to marry you know so i spend i want to know personally whether this data is based on legislative projection directly dollars spent to talk about the stimulus proposal what they said the stimulus proposal was going to cost based on the net cost because this seems to want to go through the middle of last of q four so we want to see it let's see what was occurring let me get a ten year later like yeah what is i care about president barack obama has run a trillion dollar deficit every single year he's been in office and you can't blame any bush administration because he signed those bush tax cuts to extend them well you know he was resigning those deficits because ronald reagan and george bush and george bush ran up a ten trillion dollar debt and when you inherited ten trillion dollar debt and we

and you've got a congress that absolutely will not raise taxes on millionaires and billionaires period no way forget it i mean this is this is first year spending spiked over six hundred billion dollars he's the only president our nation's history that has run over a trillion dollar debt in one year and he's done it. three years and you're going to do it again this year you want to do it and absolutely right absolutely sterile and no it's something that isn't right because you know up close look at look at what look at what's right eisenhower did you know borrowing money and building the national highway system and look at this is you know when we got when we left world war two our national debt was one hundred twenty seven percent of g.d.p. right now it's not even ninety percent of g.d.p. we have time we get out of our debt we you know we have we have an easy we have now the chevy volt to show for it instead of a national interstate highway this is my whole point we have to do is try to shawnee our infrastructure and and we need to be spending more money and with that actually we have the way w. owning a majority got in there are we got used to coming up the american people know the nation can't afford another war see why republican chicken hawks so it will succeed

the why don't republicans you go explore rumble after the break. we just put a picture of me when i was like nine years old to tell the truth. i confess and i am in total get a sense that i was crap because he is second and pretty. he was kind of yesterday. i'm very proud of the world without you it's a place. you

know sometimes you see a story and it seems so poorly 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 thought you don't know i'm sorry there's a big picture. for

. let's go back to the rubble within five brian darling columnist of human events and director of government studies at the heritage foundation and david marr tasco executive director of the daily caller welcome to both what about the former goldman sachs executive director greg smith and the guy was in charge of selling all the u.s. made derivative products into europe asia and africa resigned yesterday and on his way out of a nasty gram for the op ed in the new york times he blew the whistle on what he

said was a toxic and destructive environment within the bank that the banks use a golden callously rip their clients opportunity routinely refer to them as muppets on my radio show today we played not that music is bonkers or. and the strange here's the strange thing about wall street when pharmaceutical companies make a new drug it takes eight years to get to market because it has to be tested make sure it's safe and effective used to be that way to take years to a few months but it used to be that way and the commodity futures trading commission oversaw financial instruments that ended as you heard by around earlier with wendy gramm in one thousand nine hundred two why don't we go back to saying these things have blown up our country they have literally caused deaths people who were thrown out of work you had divorces you had homicides you had suicides you had people die because they lost their health insurance let's close down was vegas while we're at a tom well i mean serious i'm not in favor of that but i was i was what i guess the imprint of the nation that doesn't hang on was a legacy that the river of trade is part of what i mean i could have bought shares

of rick santorum last week a block and made a killing after the last of you can better integrate yes there is a place in ireland that a lot you bet of which in. the back of the matter is that the u.s. economy is going to crash in trade goes nuts and the u.s. economy did crash and the bankers on wall street went nuts back when reagan came into office thirty twenty five to thirty percent of our total economy was manufacturing now we're down to under ten percent of our economy that i think small when reagan came into office banking was eight percent of our g.d.p. it was eight percent of our economy now it's twenty six percent of our going to point that's a problem that's an economy that's really fragile when you don't have banks tears run wild when they hold a water of all the dollars in the economy to get six banks that own assets equal to two thirds of the g.d.p. one trillion dollars maybe there's a job for this guy in the obama administration because it seems like all the other flunkies from goldman sachs end up either funneling money to the obama administration or working for the obama administration and if we want to see if this obama administration is serious about going after these derivatives companies

and global was run by one of their chief donors john kors i'd like anything right answer to that question should shouldn't we regulate never have it is like we did from one nine hundred thirty five we should certainly put a lot and we had no do. riveted based crashes we shouldn't regulate them we should we should believe in the free market we should understand that you have people making bad bets they lose money and we shouldn't bail him out of the bag and it will be able to be the bigger question here is this business about this greg smith guy say oh the culture of the company changed the twelve years i was there i don't know about you but anybody who's worked anywhere for twelve years says the culture change the culture change not that the company didn't change he did he's committed career suicide by writing this piece it reminds me of the old mark twain thing you know one might when i was eighteen i thought my dad was an idiot about the time i got to be twenty five i was surprised how much they'll be in learning the environment changed he didn't you know it may well be and he's not going to you can have a hard time finding a job i agree with you on that a new poll released by the university of maryland yesterday shows that only a quarter of americans favor israel attacking iran twenty five percent of americans

the same poll shows a seventy percent of americans want to continue go she asians rather than having a military attack then close fifty eight percent of republicans sixty seven percent of independents and seventy nine percent of democrats it seems like ten years the longest wars in the history the united states i mean from the revolution today have kind of burned the american public why can't republican lawmakers listen to the america and know you're probably getting more countries should have nuclear weapons actually i don't think that i agree with. the former director of the mossad and meir doug on the former head of israeli intelligence who both went on the record last week to rebut mitt romney's op ed in the washington post so you saying that a nuclear power armed iran does not represent an axis so you want more countries have nuclear weapons you think that will make our world safer now where do i get up and i am i'm in favor of nuclear nonproliferation but i don't well wrong with bombing them if you know that line of questioning bryan is like saying do you think that you know candy causes cavities so what does well let's start killing people dressed can doing the same thing everybody is against war nobody wants to see us go

to war the country i surely don't want to see us go to war go to war with another country so they say and i'll say it again i don't want to go to war with anybody but i don't love this b.s. on that area of the controversy. producing and putting together a nuclear weapon what happens who has a hard right in iran what we did to what you guys did you know what happened while i was going i got a dressing down by the military this is all academic you're missing the back half of the poll if i only twenty five percent of americans were in favor of dropping a bomb anywhere in iraq if they released it as if he really did it but if you at the edge of the poll they said so what should america do only thirty four percent of americans said they should counsel israel against iraq about most americans say in theory yeah i really have no favorite by the time that listen it's time poll questions about the scenarios that they're asked entertain they change their minds this one most important question they ask people in this poll have you ever been to israel you know seeing firsthand from what i haven't been here but a lot of people have been is i think the words are you there i'm seeing firsthand exactly how dangerous it is it would be like being this close to baltimore and

having a lot of weapons outside not actually undermine not at all ran ran as a massive country physically compared to the iranian seventy four minute is that it's closer than we're accustomed to seeing our enemies in this country are closer and that closeness breeds greater fear and a greater likelihood to be care and that closeness means that the probability of a nuclear attack is zero no country is going to commit suicide or rand there are forty military orders to rational actors they're not rational people well according to the head of mossad and the head of israeli intelligence they are i mean just to find to believe these headlines would be are i mean there is stifle dissent in their country i mean that doesn't mean that it is rational strong as having the words in the korean new dictator of the twenty something dictator yet he just cut a deal to say ok no more nukes no more missiles and we'll let you cut bring the inspectors in from the u.n. i mean should i'm from the government i'm here to help you like. i actually said earlier that he's going to you know if he wants the food he's going to do this of course he believes it or thought or didn't want to i begin to see the rise in

rational actors i don't see why he would think it our lack to get assad in syria he's a rational actor kill everybody in this country that's opposing him that's his way of keeping control that's his rationality you know you can determine so you never have. analogy i mean when george bush said that there's three countries that are evil and we got to take him out he took out a rock and iran and north korea immediately said ok that's it we're getting nukes and they did and they held him off and iran i mean this can't have been missed on the country together as a good thing you have to get yesterday yesterday the leader of a subset of the codes for said that not only to say israel has to be wiped off the map which has trite now but he also said that iran will only be safe and separate what america is going to these people are not rational actors they have well they're not rational speakers here but their actions are very different than any of us talk about voter id laws on monday was constant federal judge richard nasty letter that states voter i.d. laws unconstitutional that same day the texas voter id laws are declared unconstitutional the fact is voter id laws do disenfranchise millions of americans

or make it much more difficult for people to vote and the arguments that are used are the same arguments that were used during jim crow we have to protect the integrity of the vote that's almost literally word for word from the kinds of things that were said back in the day jesse helms for example. the so what you know why i do this i challenge republicans any republican to name one person who has been arrested and convicted prosecuted and convicted of politically motivated voter fraud in the united states let me ask you this sex is make or you know high oh no no one person well i mean six i mean i get outside of e-mail you're talking about the people the people who know you did who fraudulently registered business you know but you don't have a lot of the entire you know that's not for a voter fraud is when you show up impersonate somebody or name one let me ask you this when i walk in this building i need a photo id to get in the building when i jump in the car on my way home if i don't have a driver's license with a photo i.d. they're going to want me out and when i get in a plane or get an attorney to go anywhere i need

a photo id so is that racially discriminatory well you're going to have your very inspiring middle class white guy you know if no product you're not a clip out of mexico wants to buy sympathetic i've been disenfranchised that we say you know what if what if you want to buy sort of what birthmark by. about the taxes they pay is you basically talking about claims of disenfranchising hispanic americans are you guys really have all these arguments you have yes you are russian yes where you this is a have obviously not been well not all a non-problem has yes where hispanic americans have to have an id to vote right now the entire country of mexico they've seen that was so you want to base our voting system massive i'm saying i'm saying we don't assume they've done a smart thing that we have in this case you need of you need a theory about why are people who bragged that it was an ok there is a rational act which might you might if i'd agree but my point is this you're more likely to be struck by lightning than to be so willing to say you know what you are the only voter right the truth is you don't know if you have no idea how many people are i'm that's why saint george bush spent thirty million dollars he had

ninety six ninety five ninety four federal attorneys spent two years looking for anybody who had politically motivated illegal gold and they'd found that one person he'd be more famous than jeremiah wright right now and that's why with. it's been a surprise voting in chicago and louisiana by and large it's precisely the show me the name it's precisely because you can't know for sure but you should go up there and make sure so therefore we should not five million people off the voting rolls people who are largely students people who are old enough that they get a little at a driver's license it's not like you get actions tomorrow they actually there were elections yesterday and really and oddly enough down in mississippi where they got a new voter id law they decided not to put in a place yet we're going to we're going to suspend it for the republican primary because we don't think voter i voted for was going to happen but when the general election comes along and all those urban people who don't own cars are big cities that have an argument about id if it takes you seven half months and you look at a photo i.d. maybe you're too dumb to vote so you are in favor of. voter i.d.'s period

and i think that if you can't find a photo id in this country legally i think the government should pick you up and pay him to drive you to the place you can get id so you want to be a government program you know i want to offer i want to have the grand welfare of everybody in the country. any local government program out in favor of local stuff i think every every local municipality should insist people are getting photo i.d.'s and if they don't take advantage of it it's their fault i thought conservatives wanted people to have privacy and didn't think that everybody should have to have a government but anyway last question quick for wracked by a bad week a bad press gubernatorial quarter sarah pailin took to her facebook page to challenge president obama to a debate she said i'm more than happy to accept the dubious honor of being drunk obama's enemy of the week and debate him on the issues america americans are actually concerned about so we know that she likes to write notes on her hand so what might she read on her hand if she has a debate with president obama could it be a can i call you hussein or be the what is paper any newspaper or see don't speak in tongues. i go with the blood type she might

actually need that more and more as time goes on by the way mark levin also challenged him for the fifty thousand dollar debate so i think obama yeah if you say all the same often i think he would be reading it as he had to get off the stage. and probably would have brought up is that this is a socialist socialist that. the actress julianne moore's address they're going to pay a little visit after the debate actually had dinner with her. anyhow brian david thank you both thank you thank you for shit. crazy alert ever have one of those days well this woman sure has and it was caught on camera weather reporter for a local news station in colorado who lost her composure during a monday forecast report and stations started to experience of technical difficulties which put the already stressed out reporter of the top take

a look. now there's some more stuff in order that he said smile afternoon felt. so sorry we actually sent some predecessors over to the afternoon and ask him about . what is happening. whether reporters break it out i think we can try to stop it global weirding that way but what's going on here so. the admission is free couldn't take three months for charges free

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