and welcome back to the big picture i'm sam sax coming up in this half hour politicians are eternally optimistic about their reelection hopes but speaker of the house john boehner isn't so optimistic this year for some reason just a moment we'll break down exactly what the odds are of republicans keeping power in the house of representatives after november and austerity continues to run amuck across the globe and it's claimed another victim and eventually take i'll tell you about that victim intolerable breakdown who is driving this austerity and who stands to benefit the most from it.

all right in the best of the rest of the news is the republican majority in the house of representatives in danger speaker of the house john boehner seems to think so in an interview with fox news speaker boehner said this about the republican prospects of holding the house after november i said there's a two in three chance that we win. control of the house. but there's a one of three chance i'll be the loser but i feel myself frank. we've got a big challenge and we've got work to do. a lot of work to do indeed but just what kind of work is the question republicans came to power in the house at the beginning of two thousand and eleven with a mandate to create jobs instead they went to work targeting female contraceptive use that will create zero jobs pushing for a dirty oil pipeline that will create very few jobs in trying to repeal obamacare and push an austerity budget that will lead to massive job losses so might the same voter of morse that's putting republicans like governor scott walker in wisconsin

or governor rick snyder of michigan in danger control of the house of representatives in danger as well let's ask the panel richard fowler democratic strategist and vince colonies in your own line editor with the daily caller both join me now welcome to you both things thanks for having me so everyone's focused on the presidential election but arguably just as important is the congressional elections let's start with you speaker boehner puts the odds of republicans holding the house at sixty six percent throughout the yeah i mean what's also called the expectations game no politician wants to be in a place where they come out and they say here we have the same locked up so you guys november it doesn't happen politicians do this all the time remember the obama campaign did the same thing there was this internal thing that leaked that they were going to have a billion dollar campaign and all of a sudden now the obama campaign has to rush out and go no no no this is no billion dollar campaign i don't know who told you that but we're not to raise that much money unless you help us so the expectations game come out and they said that he's very confident they will grow their majority in the house i mean he's being is he

being overly confident maybe but in the case of the leader of the speaker of the house he's trying to i think i believe here framed that there's a possibility that they could leave and by the way like sixty six percent is like sort of a really decent and he didn't go that far in the expectation game he's like you know pretty much keeping the place but by the way there's a small chance that we lose it so every once that you know pay attention come out the vote that's kind of what he said were you know i think the democrats have a good chance of winning the house that we have twenty nine seats to win to retake the majority from john boehner and what we've seen from john boehner over the past almost two years is a do nothing congress they've done nothing and they've they're doing nothing is sacrifice only america's women but also america's young people. then said if you had to sell it i mean they've been in office a year and a half richard says it's a do nothing congress how do republicans sell the american people that they deserve another shot at the majority well this is this one of this is one of those elections where the president can sell his own record and republicans are going to have trouble selling a record of doing something in congress and the president obama knows this because

when you control one half of one third of government you will have the problem of not being able to show a list of accomplishments and says hey look how great we did for america so republicans have to make the argument that they put a stop put the brakes on president obama delivering the country and in further despair. i think the president has a lot of a column to talk about the first two years when he was in office when we have both both chambers as well as the white house we've seen a lot of changes off the passage of competence health care reform was a little. better act on top of that we've also seen you saw the court of credit card credit card reform act we shouldn't stop the president has done it in the first two years of office of the republicans came in and are going to try to resurrect is appointed with what he did to look at obamacare obamacare didn't even get the public option they weren't able to negotiate prescription drugs i mean the fact is obamacare comes through doesn't even achieve why progressives want i guess what it's the same exact program that mitt romney instituted in massachusetts where as you mentioned that you're exactly right is the same exact program which was a public a nominee put in place in these with the republic the democrats are doing everything

in their power to repeal it understandably the fact of the truth of the matter is them is the republicans have their way and they repeal obamacare to two point five million someone with no health care insurance none and they think they're ok they're ok with that they're absolutely ok with it the question is what is my blunt the other question for publicans is the solvency of the country we know now we saw reports yesterday that even social security is now going through three years quicker to becoming insolvent i mean that the numbers continue to look more and more grim and republicans have to make the case in the end by the way stand behind that they want to start a solution to the social security question but that's for that's very different topic but i think you touched on something that's a lot of progressives were exactly thrilled with. they accomplished i mean it's true the first two years of president obama's administration were probably the most part were the most productive of any congress in the last three years have been very unproductive that's a fact but the successes a lot of progress including myself warnings that we happy with it i mean we've.

expanded war in afghanistan the security state surveillance yourself i mentioned earlier in the show drug war things like that. are the young people going to show up for president obama this election and therefore help carry democrats to win a bunch of seats like they did in two thousand and eight zero eight i mean that is the hope i think the quote the new truth of the matter is this election could be about choice and you could either vote for somebody like mitt romney and his good old friend rick santorum who believes going to college and being snobby or he doesn't leave that he should invest in colleges and universities or help people who are struggling with soon because they try to achieve the american dream or you go for a president understands what it is to have student loans the president you going to stand what it is to work your way up in this country and the choice is really going to motivate people is it you know passion is like i love this guy got to say you know i don't i don't agree with you sam but i think that the young people are their faces the dire circumstances here they have to undergo understandably if mitt romney takes over peoples to let my student loans are going to go up i mean my still interest is going to go up they say so because we're going to repeal back all the change that we put into place and i think bad is the choice people have to make

that's such an inane response i mean everything about what you just said they think the fact is most people have been pretty sure that they have got richard everything that they the ideas the ideas the young people to look at this one i don't think they can have the same enthusiasm they did for president obama four years ago i just think that that's hard that's a hard sell for the president he knows that it's going to be hard specially cause he has a record now the other thing is that when it comes to like questions of whether or not somebody should go to college you speak about it as if it's some sort of entitlement mentality and president knows this and young people know this and they're all together on this well i don't know that i think that's not what i'm doing then what i'm saying there is when you have one of the top two presidents ready to go out and say oh no for university and he has three degrees part of the problem they want to know what rich is leverage to go to sleep or you should we have a right to a higher education i think you advise i think you should have a right to education whether higher education now i think higher education is something that you know if you have the right to a low paying the minimum wage you know this that's not right at all actually the fact is people are built for different things i mean that's clear and then you know

you say ok so richard you're saying that every sort of there's some letters about a clause that let's talk. talk about is the president let's talk about american history after world war two with our young people their lives a lot of this country the best way that our country saw fit to grow our middle class and to reward those folks by giving them a chance to get a college degree goes into that is not going to college who would not have the longest day by going on the growth that we've experienced up until george bush took office that all happened because of the g.i. bill and the fact that american president decided to make an investment in america's greatest resource people for thirty seven times all get out early so you should see the types of people going to college want to go to college because they believe i just have to and they don't learn anything it's always time secondly secondly the president of the united states or the president i say is out there now arguing that students are saddled with enormous sums of get twenty five thousand dollars right is not something about the number one is the why is the the solution only wrapped in fixing a federal interest rate as opposed to saying hey look if you're not cut out for

college don't go don't become salad with that if you're not going to they're going to get off their absolute alternately you say it's ridiculous because republicans are going to hold the house next year yes or no. and all are going to yes you know nancy pelosi be the speaker and. richard thaler conus thank you very much for coming on. even though the scope of their mandate instructed it with their crusade against contraceptives republicans in the house have one big thing still going for them to keep control after the november elections and that's millionaires and billionaires getting big bucks the super pacs are new who knows how long that might last years tom's take on this issue. fact matter is there may actually be some good news here you know for centuries plutocrats and. the guys you know the billionaires they're front men and women and the corporations have paid off politicians they found all sorts of ways to do it from giving them campaign

contributions to take him out of golf trips to scotland to drop him in a hot tub with champagne and hookers randy cunningham was citizens united. first of all it looked you know hey they were saying this is really cool we can buy our own politicians and when they do when they do buy politicians the return on investment is actually pretty good big oil for example gets a fifty eight percent fifty eight one hundred percent return on its investment in buying politicians now a normal small business or even a big business in good times might get ten or thirty or forty percent something like that i mean anything more than forty percent profit in a company is going to bring in competitors. in this marketplace but buying politicians because you can lock them up and there's a limited number of them that's the best investment a business can make in america and that's why industries cartel. their politician by efforts they run them or launder them through trade associations like the n.r.a.

but your business groups like the u.s. chamber of commerce but now as dave johnson points out they may have gone too far and this is the possible good news ins so far mostly republicans have been feeding out of the hands of the corporations and the oligarchs but now that the bank stars are threatening to turn their feeding hand into a fist it might cause them to reconsider their position say it's been a fist against the democrats for a long time which is why the democrats have fought for transparency in campaign loans but now that it may also be used against republicans as a fist things may change. hopefully this will be the moment when the banks toure's and the other corporate interest groups and the all the guards will have gone too far it will slap too many people too hard too many politicians were threatened this new effort by the all the guards in america to break politicians of both parties terrified may just unite against citizens united it's happened before in american

history back in the days of the railroads and the oil barons and the eight hundred eighty s. those guys overreached so far the congress has to protect itself past the sherman antitrust act and the progressive era was for it included both parties it's time to overturn citizens united tell your republican legislators to go to move to amend. austerity policies claim to new victims this week then tearing apart the dutch government and sending french president nicolas sarkozy to an early defeat in french elections but more and more of the globe being forced to suffer through these failed policies who's behind them and who stands a better to benefit most from them and what can we do to stop them that's all coming up after the break in tonight's daily take.

bla nation and free the trinité should free plans for chargers free. arrangements free. free still tied friedland seem larger solid video for your media projects and free media oh god our teton tom. if. any is easy it is easy to see films. such. see.

it. lost that seaworld last week three incredibly intoxicated friends thought it would be pretty funny to break in to sea world australia go swimming with the dolphins

and then still a penguin as a reminder of their drug addict and guess what they caught it all on video take a look oh i'm going in they might. feel and take it by sea world security face time with the dolphins. so you can find one name. believe. it i've often had the urge to still a penguin to play with it too and i wasn't even drug i just like having one's anyway according to australia's a.b.c. news after waking up and realizing there was a penguin in the room which i might add is better than waking up to a tiger like a gang from a hangover movie did the trio brought the penguin to a nearby waterway a couple on the beach on the water way later found kirk the scared and confused penguin being chased around by dog and alerted the out of the frying pan into the

fire and alerted local officials who called sea world to recover the penguin right stones one of the penguin poachers apologized saying mess. this story see will do this all in the last you don't say. well at least mr jones and the rest of his real life hangover crew didn't have to contend with any angry boxers. just so. and it's time for tonight's the good the bad to me very very even more rigid jurists with ugly the good playboy hugh hefner the playboy magazine founder wrote an op ed in the upcoming may issue attacking quote were oppressed conservatives were pounding on america's bedroom door in the op ed have to writes quote if the zealots have their way our hard won sexual liberation women's rights reproductive

rights and rights to privacy live peril we will let that happen welcome to the new sexual revolution and quote well said if you go i would argue that conservatives like newt gingrich and herman cain are far from sexually repressed. the bad wisconsin governor scott walker last week walker told newsmax that his state quote saw a net increase in jobs this year well he was wrong new data released by the bureau for labor statistics show that wisconsin solve the largest decrease in jobs in the country over the last year more proof austerity doesn't work and it's not exactly the way you create two hundred fifty thousand new jobs in your first term like walker promised last year likely governor walker's recall election is this year and hopefully we won't have to hear any more of his this store shins and finally the very very ugly key bank chris for i ski passed away in two thousand and six after being in a coma for two years he left behind

a loving family and unfortunately fifty thousand dollars of student loan debt now rather than forgive the debt since christopher is dead and all key bank decided to instead hound the grieving family until they paid it off as a result christopher's father has had to come out of retirement find a new job and try to make monthly monthly payments back to the bank so congratulations keep bank you're going to get your money by ruining a family well that's very very ugly. so the latest victim of cold blooded austerity in europe isn't working people in athens young people in london or labor unions in madrid know the latest victim is the dutch government the coalition government in power in the netherlands was split

apart over the weekend as lawmakers failed to find consensus over an austerity budget just as an anti austerity fury sweeps across the european continent it's the same theory that dealt french president nicolas sarkozy in early defeat the socialist candidate francoise hollande in the first round of presidential elections in france over the weekend and also the same theory that turned out tens of thousands of protesters into the streets of prague over the weekend calling for an end to austerity in the czech republic and on the heels of a new report out of the u.k. showing that conservative government austerity policies are a complete failure other populations languishing under austerity like in spain italy and greece are growing more and more discontent two things are happening here one austerity is being proven to not work it's a complete failure and to those suffering under austerity like working people who are being laid off having their pensions cut and having their social safety net ripped from underneath them are saying enough is enough and putting their own

governments at risk meanwhile in the united states republicans in the house led by multimillionaire congressman paul ryan are continuing their own push for austerity with their budget proposal ignoring the chaos the same policies are causing just across the atlantic recently tom took on this austerity agenda who's behind it what its goal is and who stands to benefit the most from it and it's the subject of tonight's daily take. the banks there is plan to remake europe is now well underway there's an iconic quote from chuck palahniuk book the fight club which the main character tyler durden says only after disaster can we be resurrected it's only after you've lost everything that you're free to do anything that quote has new mean now when we look at the technocrats at the i.m.f. and what they're doing to europe and in particular greece at the behest of global banks toure's at the i.m.s. was tyler durden portrayed by brad pitt in the movie it would say it's only after

europe has lost everything the banks toure's can profit off anything we're seeing in europe now is the tape out of a small but important part of a con of the continent's economy through forced austerity and big news in the financial rags today from the financial times to the wall street journal is the collapse seen parts of the european economy. for the first time since two thousand and nine the seventeen nation euro zone economy contract and shrinking three tenths of a percent the last quarter of two thousand and eleven one more quarter a negative growth and europe will officially be in a recession and looking at individual nations you can see why the british economy shrank by two tenths of a percent the fourth quarter of the weight of austerity measures from conservative prime minister david cameron who proudly proclaimed that europe has entered the quote age of austerity quote portugal's economy shrank by one and a half percent in two thousand and eleven and is projected to shrink by three percent this year and portugal has done everything the i.m.f.

has asked it to do taking austerity poison pills and slashing budgets and what's happened it's gotten worse originals debt to g.d.p. ratio went up from one hundred seven percent to one hundred eighteen percent and that's not because portugal added more debt but instead because their economy shrank thanks to austerity spain and italy are also adopting austerity and also watching their economies tank spain's debt to g.d.p. ratio was thirty six percent for the crisis now after austerity it's expected to more than double to eighty four percent going exterior as for italy in two thousand and nine their debt to g.d.p. ratio was one hundred five percent and now thanks to austerity it's going to take up to one hundred twenty six percent but next year this is sweeping across europe or at least parts of it is the reason why the entire continent is on the verge of another recession but nowhere is it worse than in greece athens is just now putting out the flames after days of violent riots in the streets greek people went on strike said buildings on fire and clashed with police to fight back against

austerity measures being shoved down their throats by the i.m.f. austerity measures that aren't working going on two years into the austerity is sarpa greek economy is still tanking shrinking by seven percent in just the final quarter of two thousand and eleven and still in need of another bail up since. two thousand and nine a quarter of all greek companies have gone out of business half of small businesses in that country say they can't meet their payroll in the first half of two thousand and eleven the suicide rate in greece spikes by forty percent half of the entire greek population under the age of twenty five is right now out of work if greece has lost everything yet but. it's getting pretty darn close as economist and author max fraud will said on this show earlier this week. this is called the ambiguously a disaster this is a sort of excel aerated greek depression shock being delivered to greece we've never really seen anyone cut their way to prosperity. and that's where we get to

the bigger picture of all this back to where we started it austerity doesn't work in fact if it has never ever worked ever in the history of the world in any country and why are people who we consider to be smart economists the person. i didn't the so-called smart economists look what happened in the one nine hundred seventy s. in the one nine hundred eighty s. when forced us therapy in places like chile argentina and nations that were formerly part of the soviet union led to years and years of pain and suffering for average working people by what they see what's in front of their very eyes today as athens burns reason why because austerity isn't supposed to work it's not supposed to make economies better it's supposed to make economies worse then when i said the beginning only after europe has lost everything can the banks just profit off anything what's going on right now is a financial bulldozing of europe nation by nation so the bankers and their rich buddies can come in and buy up whatever's left of the commons at a low low price and make enormous profits in the future this is crisis capitalism

it's what naomi klein wrote an entire book about europe has a long history of embracing the commons the health care system as part of the commons they have public utilities there telecom infrastructure we talked about this last night it's considered part of the commons and you've got the obvious commons of police and fire schools they're commons extends even to things like colleges but in countries like greece the commons also is their historic heritage and their ports are democratic socialism which is the principal form of governance in europe has been very very strong in those countries that are pursuing it again mark sweden norway germany france they're doing just fine but some of the particular when you look at what happened with goldman sachs and respect four years ago see how this is all begun if these commons if these countries why it can become privatized then there's a bunch of people who could make a whole lot of money off and the way to do that is to create

a crisis or exploit you bulldoze the economy with austerity and you let the banks gather up whatever's left. nation with a lot of resources it is for example in greece the chinese are making huge investments and greece is main portal iris guitars investing five billion dollars and tourism and infrastructure there is selling off their country wealthy germans and scandinavians want to make greece the florida of europe was an article about this new york times over the weekend. they're turning greek islands that used to be the property of the government of the people into expensive retirement homes for wealthy europeans now that the economy has collapsed it's a fire sale for the country if you take out the government space is created so the corporations and very wealthy individuals can step in this is a piece from russia's russell short post piece in the new york times he said whether or not the country pays its debts other nations and foreign companies now

understand the greek government is howard's so the future they'll take over buyable assets and run parts of the country by themselves this isn't just happening greece and other cash strapped nations are going to be following suit and they're selling off their comments they'd love that turn you know again same thing with spain it used to be a big cation paradise now it's going to come a private education hurdles europe is going to turn into a giant disney world for the rich it's already happening by the way in the united states we're seeing this with c.c.a. buying up state prisons they're actually they contacted all fifty states last week and so you know what by a few prison facilities now you have to guarantee customers to us and we'd like to lobby for our sure it wasn't like that but in any case our public utilities are being sold out of education is be sold off austerity is working is exactly as it should it's taken as basically back to feudalism it's destroying our nation is destroying parts of you other parts of europe are profiting tremendously off this

and who wins the banks tears. and that's it for the big picture and i don't forget as tom says democracy begins with you get out there and get active tag you're it. hasn't been a thing yet on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we. we want to visit. something else.

wealthy british style. sometimes it's like. a market why not. come to. find out what's really happening to the global economy with a much stronger or a no holds barred look at the global financial headlines tune into all kinds of reports on r.g.p. .