act is that it's big picture rubble joining me are marc harrold libertarian commentator erick a new democratic strategist and neil munro reporter for the daily caller let's get back to it let's talk about the economy chairman of the federal reserve board ben bernanke he announced a new round of monetary stimulus by the fed to do something about persistently high unemployment you know the fed has to mandates one is to maintain a low inflation below three percent actually not specify that low inflation and the other is to maintain low unemployment and they've largely since greenspan ignored that second so this new plan is going to pump eighty five billion dollars into the

economy by purchasing mortgage backed securities and trading short term bonds for long term bonds with the banks basically it means pumping that money into the economy it's open ended it's going to continue until the unemployment rate drops republicans have come out in opposition to this plan but the only reason why the fed is doing this is because the republicans in congress are refusing to do their job check out this chart this is amazing this is the amount of government spending during their first term as president and here is reagan right here look at how much government spending was happening at the end of his first term as he's going into his second term this is direct stimulus the economy in the form of government spending during the four years that's reagan this is bush forty one this is clinton down here the republicans really fought him on that they prevented a lot of it and this is bush number two right here and here's obama no governmentally no government spending at all why because the republicans have been blocking everything he was doing if his government spending had been up here where reagan's was we have two million more. poised right now so what do you know what

are your take what are your thoughts. stimulating the economy because congress won't charge is a marvel of trickery the president is spending one thousand billion dollars of money that we don't have every year and stimulus for years just for instrumentalist stimulation and my budget is for a stimulus is a thousand billion a year in deficit that's just plus the original eight hundred billion stimulus he's spending like a drunken sailor he's now arrived at the hospital and the fed reserve is going to try and apply the paddles to his chest to get the economy going to get relative to g.d.p. is it a sixty year low right now. that's power that's because the economy has having this hard we have we have a lot of hundred thousand more government employees than we did with obama came into office and six hundred actually if you look at that we include the state we have six hundred thousand fewer go bending that's gone up to a quarter of a fifth of the more than a fifth of the economy i don't know how they managed to do it i got a call these guys and see that's a twenty percent of it has been twenty percent before spending way up deficit

spending like crazy and to some extent it's because the republicans now the q e three guys are launching their titanic of federal stimulus which will among other things likely not necessarily increase inflation reduce interest rates which will deeply hurt the old folks down in florida when they find out that their money their stored up money is going to be less valuable five ten years down the road they may not be was so willing to pull the lever the fed has been doing this for three years and why and you know words the disaster there hasn't happened there are absolutely . bending that makes obama a drunken sailor then what do you call it what reagan i mean what kind of a i mean the idea that obama has increased spending increased and out of control is is just completely fox and the other thing is this. idea that budgets are literally about dollars budgets it's essentially kind of it's a civic compact it's did we decide kind of collectively what we are going to invest in and what we're not going to invest and what our obligation is to our status and things like medicare and sex. the carrot held her hands and that this idea that

we're going to shave off here or there and it doesn't actually relate to overall the social fabric is completely false completely false and if congress can't fund the things that are fall for fill its obligations to our society and and keep our social fabric together then if the fact can that that probably should because who else is going to take it well mark this is you know at a certain point when you've got people whose lives are being destroyed by unemployment and economic disaster isn't it an obligation of government to step in well it's an obligation of republican representative government step and i think we've seen in this administration over and over the executive branch sort of taking it on itself to do what it thinks of the paternalistic ways it is it is in the best interest it really isn't isn't that the job than it is the job of government what i'm saying is that whether you're not you agree with what happen in the midterms it to some degree in activity and deadlock in other words somebody says well the congress isn't doing anything the reason the congress isn't doing anything it's

this country's just like this with too big of the ologies big world views and the fact is that the congress not doing anything in fifty people or you don't have enough to override a filibuster if you don't have enough to get anything done if there's that much stalemate than that stalemate is reflective of the democracy of the electorate so what i'm saying here is i don't know that first of all i think this leads to inflation i'm not ever going to defend the fed i think there's massive problems with the fed but the problem is it's really we need the fed to step in and save us from representative government we've got a lot of problems in this society we need the fed to step in and save us from john boehner and eric cantor as well but the but the interactive of the activity of the most recent election we had those midterms is what led to this and the activity and if this stalemate whether we like it or not is representative of the real meaning of this is a political strategy to destroy a presidency and that was it was bad activity and we saw the activity and thank you ship since way before two thousand and ten and i am one hundred ten percent agree with you that representative government has reached a point where we have to really look and reflect upon what we're doing with our elected officials and who are elected to congress maybe think about it a little bit more instead of sent. people into register their i'm angry at

government maybe start looking at people's policies and say is this person really going to go and you cannot spit in the eye of the person you need to do it but you cannot work with people like i am obviously i really have already so and also i don't know if you have been a third party going to disbelieve the democrats right or wrong spot on the right for thirty four years conservatives believe they have enough academic theories that would like to argue that the current government president obama is driving this country towards bankruptcy they may be wrong they have a reasonable case but i can survey has been buried at this no it was real was reaganomics the brought us to our knees it was reagan tripled the national debt it had never been done before it was very rich i know its goal was to take out the president not to the government and to legislate mind i think that that's when we kind that maybe a part of no i were at this probably just a card is once you know what you mitch mcconnell wants to legislate and get his goes through you probably be happy to run to senate on the phone he actually said i see he wants to make sure obama doesn't get up real and then actually what he said as you asked and the other point that he wants he's got it and the other point is our economy is in a state of chasses so to speak because progressive and big these this combined to

create a probably bubble as paralyzed our economy now progressive say well we're going to wreck the economy in the two thousand so i was going to tell you there's actually you know exactly what i don't like the you know what if you want to know what created that bubble is we drop the top tax rate below fifty percent every time in the history of the united states and since the entire twentieth century look through the entire twenty centuries every time the top tax rate drops below fifty percent bubbles are forming one nine hundred twenty harding ran top tax rate was ninety percent one hundred twenty harding ran on the campaign slogan of more less business and was less government business more business and government that was a slogan he dropped that tax rate to twenty five percent kicked off the roaring twenty's while the property bubble to burst in one nine hundred twenty seven one hundred twenty eight and then the and then the stock market burst and one hundred twenty nine same thing here reagan drop the top tax rate below fifty percent we had three consecutive bubbles that came out of that the third one was the big property bubble burst in two thousand and seven and the stock bubble burst in two thousand i think we're still there for a. i find that theory quite interesting i shall read it up of what i also know it

is abundantly clear that democrats and slaves of the real estate probably to aid poor people ok president obama when he was a young lawyer in nine hundred ninety five he conducted a civil civil rights lawsuit he had one hundred eighty six clients they were poor african-americans and we now know because of the daily caller investigation that house visit clients houses poor african-american clients went bankrupt foreclosed in the years after which we precisely no question of how the laws have been changed in the deregulation have been as i said you regulation of the not only states when the only reason you're going to get reinvestment act which is not say you need to go and lend to minorities what it says is that if you're taking money in pools from lower income neighborhoods you need to be lending and investing in those lower income neighborhoods and this is going to a long time concerted attack to attack the community reinvestment act and to attack minorities that started since the first week that we had a crash in two thousand and five and it's continued and the attack is patently false one of them is patently obvious because you can read the documents where for example when citibank wants to get together with travelers

a good hour about idea someone outside they promise to spend one hundred fifteen billion on lending to poor areas i guess they lend all that money there's probably a lot of trickery involved but fine you know they come with minorities. he said poor areas and they pumped a lot of money you're looking like you just don't want poverty when you're trying to i would if i could because i know obama's clients houses who went bankrupt person times when i was not elected to anything in one thousand nine hundred ninety nine election he went out and i just naturally sector lawyer houses his clients went to regulation of the housing market it was not on his table he was not responsible for that i don't know how do you know my undergrad you know he must really hate obama if you're going to try to go around like he was a lawyer because he advanced the law and worked the law he was he was representing his clients that's called advocacy i'm a lawyer if i'm not going to look for every fall out that make us in the future he had clients and he took their case he had to work the law in advance of the law whether you know what am i going to. say and but speaking of them speaking of advocacy the chicago. teachers are out and they say the law requires them to say

that they're striking based on salary so they've said that they're striking based on salary but it turns out if that that's really not the issue there's a whole bunch of issues that have to do with the kids and now jim de mint comes out the any any call this is a crowd watch this. you know we had a lot of bad news this week. on my way over i was working another story about a place where bugs should put four hundred thousand children out in the street. you know really who are you. so mark do you agree the teachers are thugs no absolutely not my mother is a teacher i don't think teachers are thugs i think there's a bit of a pitch in the dirt here i think he was trying to be funny it's clear he's not very funny and it's a terrible joke but i think it was just that he's trying to get an ice breaker with the crowd it was miscalculated i don't think he'd say it again i don't really think he believes that but it was it was not a good joke to tell it it's not it would too soon you can't there's nothing to joke about right now with what's going on in the middle east or the teachers. the

chicago public school system is spending about eight thousand dollars per pupil per year the suburban schools districts all around chicago average around twenty four thousand dollars per student per year because the school the romney went to thirty eight thousand dollars for year it's my recollection might be thirty four and that's without the polo pony you got to pay extra for that so i mean don't they don't the teachers have a legitimate i mean a third of their schools don't even have libraries and the interest absolutely have a legitimate point to make one of the other issues that's not been discussed as much as in the fact that kindergarten teachers have a right to stay they have about i think it's a five point five hour day and they agreed to extend the day but under the under the belief that the city of chicago is going to supply additional teachers to help ease the burden of the workload i think what we're going to continue to have is these kind of flashpoints because we have severely under invested in our education system and we use education rely on schools to not only take care of kids because most parents have to work to feed children because we have a terrible poverty problem in this country that we are not addressing and the kind

of answer actually i would think the one thing we should be doing is count on them to be growing and. meeting the next generation of workers inventors and the person who will hopefully going to cure my cancer and that's not going to happen and last we treat those students and those teachers as both the instruments and the artists that are going to play those instruments and make make something great we said we're going to go and then a left eye on the noble compromise here no. compromise i think republicans and conservative would agree to a deal raise teachers' salaries providing all democrats send their kids to government schools i mean kennedy and manual the rest and send the private schools because they do because how goes the overwhelmingly democratic they. don't work republicans conserves are perfectly willing to say more money for teachers but they want accountability measurement of progress just like you demand for your employees you demand for your contracts we all demand performance except suddenly when it's who are you fifteen thousand five hundred almost kids in the system it's a hell of

a challenge when you're operating out of third of the lot only one of the subway series actually love the idea we got it we got it we got to wrap it up more rubble after the break. couldn't take three years for charges three. three. three stooges three. videos for your media projects free media hard to. believe me. just a woman. to go through your life. you know with fifty

percent of the people if you. are not. you know living on death row was. this you know we execute our convicted capital murder we have the highest execution rate in america we're not afraid to do it we do it well. it comes up for we do. i ever do i hope. i would get a letter your dad is due to be executed next week then as appears scary moment for you to know you can loose here one of your parents with the in a manner of minutes and that's the time to go. and i would lead them into the to the best chamber of. commerce trade to work after they were dating.

magnussen i'd speak picture rubble joining me now marc harrold libertarian commentator erica new democratic strategist bill monroe reporter for the daily caller let's get back to it new census data shows that obamacare is a wargame and we have let's see here the new census data shows the number of uninsured americans declined for the first time since two thousand and seven to two thousand and ten and two thousand and seven after obamacare was passed the number of uninsured americans dropped by one point three million not only that americans have saved two point one billion dollars in health insurance premiums thanks to reforms under obamacare i got a check from my insurance company they were they were taking too much of my money yes yet there's a romney today is running on a campaign to repeal obamacare why why do republicans want to kick people who are

under twenty six off their in parents' insurance plans leave those with preexisting conditions of the at the mercy of the health insurance companies for seniors to pay more for drugs open back up the donut hole deny kids of preexisting conditions health insurance repeal investments in preventative care for women and that's just what's already gone into effect so let me start with you erica i mean i think that this is that this is something you talk about a lot a lot of thought because so many people are so afraid people need to have their fears alleviated not only is this not going to collapse the entire health care system but in fact you have benefited it will benefit your loved ones your parents your children your sisters your brothers everybody benefits from this not only just not just the people who are receiving that medicare reimbursement rates but all of us who are having a healthier society and having a place where there's a sense of fairness where somebody's kid who has done nothing wrong to get leukemia doesn't have to be treated as though they somehow abuse the system and. and i'm sad

to hear these numbers out there and looking forward to having an actual debate or having an actual real serious comment from mitt romney about what he thinks is going to be so much better about unrolling that's when he already an active thing rather similar what he thinks he's trying to accomplish so you know what you know romney won't say what he's going to do although he did say that he he he doesn't want to he doesn't want people with preexisting conditions to be discriminated against and then eighteen hours later his campaign released a press release saying well he didn't really mean that he meant the magic of the free market will take care of preexisting condition market like it used to write he has to worry about. ticking off one side of the coalition of the but the republicans and the conserves object to obamacare for the same reason they're just people jumping out of airplanes without parachutes sure it feels fine for a while but the system is going to come to a sudden stop you can see it in other countries including canada named canada exports their patients to us england they just let them die under doctor's orders the system as every government controlled system will crash the train over time

somebody calls into my radio show and says the number on sirius x.m. which is heard all across canada i just gets flooded with calls from canadians same what the hell are you talking about we love our health care system here we wouldn't trade it for anything i mean i just call after call after call after call i live within one hundred miles of the canadian border half by a wife in vermont michigan and i have never seen a canadian looking for health care i have however a pill you're vermont seemed busses filling up with american seniors to go up to montreal that should buy their pharmaceuticals and if you get them to god take over health care it's absolutely i know it's not the right but because blue clark blue cross blue shield united health care at night humana all their government companies that's not even true at all the government buys are government run it's not it's absolutely fine the government controls prices they control everything else for the same reason you catch someone by the short and curlies you control everything else the good this obamacare gives government control over obamacare doesn't control prices simply says you can only take twenty percent or even only skim. twenty

percent of the top it controls prices that are here i know it's rigorous and it would if it could it would but it actually doesn't well obviously you know the way this is structured it seemed really bad at first because they looked like most of the benefit was going to come after the election but they're starting to see early numbers obviously a lot of this has to do with early access if obviously more fewer people going to without insurance if you force insurance companies to leave people up to twenty six on their parents' rolls i agree here the biggest problem here is it illogical you're talking about a massive takeover and a bureaucratic expansion and i think you will see some early returns by structuring and making changes that do look to be helpful overall but i think it does come down to a question i don't see any way for this is sustained i don't see another government program that's been able to take on this chunk of the american life and run it properly you know the whole thing you know in russia everybody had a pair of shoes but they only came every three sizes so nobody really wanted them but what you get into here you know do i think that a child with leukemia should be out with without health care no i don't and that's why i give to st jude i think there are proper remedies for the places where there may be cracks the system where people don't get treatment and i think those

privately are charitable and i believe in that and i think that child with leukemia going to go to st jude and get treatment of money when tracks where the where the tuberculosis hotspots are around the world two of them are in the united states los angeles new york and do we really want to be living in a society where the person who's sitting next to you or walking down the street next to you and coughing has tuberculosis because they don't have access to health care and the reason why impacts so much of american life is because it's health health impacts everybody is life health is life that's why provider orders and republicans fight so hard because if democrats get control of the care system they get control of us they said using to watch the democrats at the convention say we support a woman's right to choose yet they plan to govern every aspect of their health care over time actually no we support the woman's right to choose and that's exactly to choose is to choose choice is entirely different accent and the reality is that it is not democrats that have gone out and had waiting periods or had changed the definition of. i mean it is absolutely not the case with last word for erica bark

herald erica community neil munro thank you all for joining me thank you for. so what the heck is going on in the middle east right now i submit for your consideration that what we're seeing is actually the logical continuation of revolutions against poverty and dictatorship that we've been calling the arab spring and that is going to continue and get worse until one very specific thing happens here's why and how in a brilliant paper that explains revolutions far better than marx and engels back in one thousand nine hundred sixty two james c. davies wrote for the american sociological review an article titled toward

a theory of revolution in it he proposed that revolutions don't happen because life is intolerable for people which was basically marx is there he pointed out correctly that there are countries all over the world and all through history where life was and is at this moment terrible but people aren't revolting and haven't revolt keep in mind that of the seven billion people on earth right now about five and a half billion of them live on less than five dollars a day and about three billion of them live on less than two dollars a day over a billion of them don't have access to sanitation or safe drinking water but they're not revolting why is that. davies proposed that it's not life being terrible the provokes revolutions instead it's all about the gap between what people expect life to be like and what it's actually like and that gap is small even if people are living in squalor they just figure hey that's the hand that life has dealt them you don't have a revolution when that gap gets large when people expect that life is going to get

a lot better really quickly and then a dozens then they revolt which brings us to the arab spring and james davies j. curve theory of political revolutions which seeks to explain the rise of revolutionary movements in terms of rising individual expectations and falling levels of well being and this is this is the here's people's expectations we hope life would get better and gradually life is getting better this is the dotted line is expectations a solid line is reality this is time on this axis and life is getting better and we think life is going to get better and then life isn't getting better any more but we still expect it to get better this right here that we still expected to get better but it's not this is the unacceptable gap and this is the point at which revolutions happen. all across the arab world people took president obama's advice from the from the famous cairo speech in two thousand and nine and tore down those

dictators they knew that mubarak and khadafi and the others were stealing billions from them essentially keeping them in poverty and therefore they expected that when the dictators fell but there'd be more money more services better schools and hospitals maybe even a middle class life for them they expected that but because our congress would not approve any spending that the obama administration proposed and because the obama administration apparently wasn't so film so familiar with davies work we never did a marshall plan for those countries that have just overthrown their tyrants and to make things worse we didn't work hard to demand that the new governments themselves start building schools and hospitals put people to work and spread around the wealth. so what happened was the people had their revolution but they didn't see the expected outcome of the revolution a better life for themselves their families they didn't see it it collapsed in egypt the military still in charge still owns most of the nation's businesses and

hasn't given a pay raise to workers or undertaken any sort of stimulus for their economy in libya the new government is barely hanging on by their fingernails and hasn't made any substantial efforts to share the oil wealth with the people in that country with its poor working class variations on these two themes are pretty much the case in every country where the arab spring has happened it's also what's going on in iraq right now so the revolutions are still incomplete and even worse people now have high expectations for better lives that are seen no movement in that direction when we look at what's happening through this lens the solution becomes obvious we need an arab marshall plan and we need to work with the new governments to improve the lives of their people fast their people are no different than any other people they want to be part of the middle class they want to decent job they want good schools for their kids they want to see life get better generation to generation

and they resent their nation being looted by the top one percent and having nothing trickle down to though it's threatening and bluster like romney and the neo cons are suggesting the obama administration should do it's not going to stop the second wave of the arab spring revolutions if anything they're rubber bullets and been imprisoned people it's going to make things worse similar just stepping back and encouraging self rule as the obama administration has been doing isn't going to stop this revolution from continuing either because it doesn't address the issue of the expectations people had when they literally put their lives on the line. to tear down those dictators successfully and then didn't see their lives improved if america intends to play any sort of leadership role in that part of the world the tiniest sliver of our federal budget just

a percent or two of our military budget for example being spent instead to build schools in these countries to jumpstart industry to help build up infrastructure for these nations it would make all the difference in the world it would help fulfill people's expectations if we just gave them or help or even send people in and taught their governments how to functionally govern. not the not the way the republicans want which is the total laissez faire oh you know it will do whatever the free market wants you know that's basically what we've been doing in the arab world and it's a disaster that would make all the difference in the world. and that's the way it is the night friday september fourteenth two thousand and twelve if you missed anything i show you can now watch it on h.d. in h.d. on hulu at hulu dot com slash the big picture more information on any of the stories we covered visit our websites child. free speech dot org and our t. dot com but also check out our two you tube channels there are links to tom harkin

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market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to kaiser report. thank you you. thank.