welcome to your take my take on why phone lines are now open so if you want to share an opinion make a comment ask a question live on the air give us a call or two zero zero two nine zero four twenty one thirty four if you're outside the united states one is the country code for the united states to start out with some of our rat line calls here's fred from southern california who met a left a message on around one. then on the carbon i've. made from a building magazine of the trade magazine talks about how hedge funds are buying up single family homes and then filling them off as securities securitizing single family homes all across the country and it's highly leveraged that seventy

percent of the money they use borrowed and it projects about what have you what a great program it is when in fact they are. forcing out ordinary people buying houses and raising prices yet what happened was back in the in the in the in the two thousands after ninety nine in two thousand when the commodity futures modernization act was passed and gramm leach while it was passed these two pieces of legislation made it legal for banks to take mortgages and start selling bets on whether or not the mortgages would crash and so they took a couple of hundred billion dollars where the mortgages and sold eight hundred really an dollars worth of bets. keep in mind the g.d.p. of the entire planet is sixty five trillion dollars they sold eight hundred trillion dollars when the bets bets when bad in two thousand and eight it all kind of imploded and so nobody wanted to buy bets on mortgages anymore because you know

hate somebody may not pay the pay for the mortgage so now what the hedge funds and come up with is instead of you know having the mortgage to the house let's just have the damn house and so they're buying houses from people who are broke who are big who are underwater who are being you know who with the very same banks are foreclosing on they're buying the houses they're putting them into the rental market so they make a little cash on the side but they really don't even need to they just need the house and then on up on a on a single two hundred thousand dollars house you know they'll take a bunch of them put them together they'll come up with say a billion dollars worth of individual two hundred thousand allows a one billion dollars worth then they'll sell on hundred billion dollars where the bets on whether or not those houses are going to go up or down in value or whether you know whatever and or how much rent is going to be paid on them or is all of these different variations and now we've got tens of trillions and we're heading

toward hundreds of trillions of bets on bets on that's on bets of mortgages so it's it's the you know welcome to the area was it was the old joke welcome you know you meet the new boss same as the meet to meet the new bubble crash same as the old bubble crash brought to you courtesy of the hedge funds in the banks toure's. we also got a call from a message from a caller about trade policy here is that. by tom this is greg from lake county i'm trouble for you in watching the big picture sometimes false statements are made of course for instance in your wednesday show one of your guests thought that the u.s. showed the post the trade balance in only about ten years and internet search showed posted balances between about eighteen seventy to nineteen seventy i'm not even sure that this is true thank you tom love your show. yeah thanks for the call

. basically we started going trade negative i think in the seventy's richard nixon started the whole free trade thing trying to open up china to you know them in the chinese market on behalf of price of pepsi cola i think was was actually you know paid off a little and that's my recollection. i'm sure was all perfectly legal but. nixon goes to china it was all about trade and then reagan started talking about the wonders of globalization and free trade george herbert walker bush came along after that so that's a new world order members up and then bill clinton put it into law in ninety six with nafta calf or debt nafta and signing the general agreement on tariffs and trades the gap which created the world trade organization of b.t.o. and now we're working on shaft otherwise known as the t.t.p. so yeah that's that's what's going on and the consequence of that is that we're now having a trade deficit it's every year of hundreds of billions of dollars that alan grayson

on the radio show today he said that our trade deficit it's our trade debt is so big and so now that it represents it represents over one hundred thousand dollars per man woman and child the united states it's not it's not the diff it's not the deficit that you have to worry about the budget deficit is the trade deficit that mark in washington d.c. a mark what's up. why ninety seven mark mark in washington d.c. . the reason that it's because. i don't or don't look here is this though the voter who are wild about obama first candidate for president they were terribly enthusiastic about it now fodder so the odds with him all of it calling are progressive including obama and now we're finding that we are. in league with no left to members of the tea party it no fighting with p.p.p.

if you see me that that unit of that though never mind that keep you keep it that way now it's good to divide with the burden that we were loved with. if you can read it that you live itself is being paid enough attention to and she'd be just the holy dominant of it when you're in a while i think what it demonstrates mark and thank you for your call you point out an interesting thing. i mentioned i think when laurie and i were talking maybe it was earlier the in the united states the constitution does not have the word leader and we don't elect leaders in the united states we elect representatives we like people to represent us and they're supposed to do what we want what the majority of people do now unfortunately the supreme court has said that money is protected under the first amendment corporations are protected on the fourteenth amendment i don't see the word money in the first amendment and i thought the fourteenth amendment was passed from the slaves i thought lincoln fought that war not to free the corporations but the supreme court says i'm wrong and as

a consequence of this you've got politicians who are dancing to the tune of big money interests transnational corporations and billionaires instead of you know what the people want tragedy we need to undo that we need to amend the constitution move to amend or you know get that done but in the meantime what it tells us is that you know there's no such thing as a perfect politician you're never going to agree with everybody all the time you know i can give you a long list of things that i'm unhappy about with the obama candidacy or can't the presidency there's a lot of things he's done right though as well and and i can imagine john mccain was our president right we did in the middle of a war with iran or mitt romney you would have had you know you would have had. a pick if it was mitt romney i mean you know bain capital would own the world so anyway thanks for the call marlene cardinal ontario thanks for calling once i thank you for taking my call. all i want to show was often as i can thank you i'm. due

for your program on martin luther king day and. americans are talking the racism is over now that you have late afternoon the black president i just wish they would start referring. to me as the first nonwhite. president of the united states and see how the rest of the country would feel about that because in the reasons i might from what i see on american television it's not over and not by a farce or look at this the education system in the state the public education has gone downhill ever since the civil rights. were finished marlena i thank you for the call i'm with you. my friend joe madison i loved his he says jim crow hasn't gone away he's just now known as james crow e.s.q.

and. it's true that racism is still with us jim crow still with us is just in a different form it's a more subtle form in some ways and in some ways it's actually harsher for john in fairfax virginia and john what's on your mind. very tall order so things are just sort of her straight through a rename class warfare really warfare it's with general welfare and it's only a republican policies are killed. it's only taking away health care the results of that i think we need to make this point where also i think we need to. ok john thanks a lot for the call you're absolutely right spot on and well said and we need to be making these points and the other point that we need to make and that isn't made. often enough is that the natural result of

a free market the natural result of capitalism is not a middle class. the middle class a middle class is an artificial thing it is created by government principally by trade policies and by high taxation very very progressive taxation poles that's what creates a middle class and as those policies have gone away over the last thirty years so has the middle class the natural course of capitalism is toward monopoly toward concentration of power at the very top concentration of wealth of the very top of very small powerful wealthy ruling elite a very small middle class ruined when charles dickens was writing everybody's from the year with you know the victorian era and charles dickens the book most people know about is a christmas carol ebenezer scrooge and bob bob cratchit and you know scrooge and marley scrooge was the middle class in that day the middle class was made up of a he was a two person he wanted to come a person company

a little tiny business you have shopped literally the books butcher the baker the cabinet maker the the candlestick maker the the doctors the lawyers that was the middle class and then you had the large the ninety eight percent which was the working poor and in fact during victorian era england you had maximum wage law as it was illegal to pay people too much because they were afraid of people were paid too much they would rise up and become troublemakers this is what russell kirk warned us about in one nine hundred fifty one that if the american working poor became the american middle class which was happening in the fifty's. if this were to happen you would see chaos in america and guess what the sixty's happened and when the sixty's happened all the conservatives look back to what russell kirk said and said look at that women are demanding rights people of color to many rights gay people are many rights kids are saying they're not going to go off to the military oh my god this is it. we got to do away with this middle class and for thirty years they've been working on doing it and they're damn they're halfway there they're

halfway there that's it for your take my take a live tonight thank you for all your calls if we didn't get your call tonight give us a call back next week and keep the video questions coming it's really easy just grab your phone pointed at yourself and record your question or comment and e-mail it to as your take my take at g.-mail dot com. coming up the fossil fuel industry gets four billion in subsidies each year from the federal government and that industry uses that four billion to produce the nineteenth century fossil fuels that are polluting our skies and destroying our environment isn't time we cut off big oil's corporate welfare and maybe industry pay for its ways more on that in tonight's deleted.

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i marinate joining me on. that in park and find out more commentary interviews and much much. only on bombast and.

alzheimer's disease is the sixth leading cause of death in the united states right now an estimated five point two million americans are living with the disease well another american is developing that disease every sixty eight seconds so what's causing the alzheimer's epidemic in our country one of the culprits might be pesticides researchers at rutgers university have discovered that exposure to d.d.t. the infamous pesticide that was banned from the u.s. in one nine hundred seventy two may increase the risk in severity of alzheimer's especially in people over sixty the researchers found that the levels of d.d.t. eat a chemical compound left out left over after d.d.t. breaks down in the body were higher in the blood of patients with late onset

alzheimer's disease compared to those without the devastating disease seventy four eighty six alzheimer's patients tested at d.d. holes that were a staggering four times higher four hundred percent higher than seventy nine percent of. people who were in a control group and did not have alzheimer's while d.d.t. was officially banned in one thousand nine hundred seventy two centers for disease control says that the toxic pesticide is still found in seventy five to eighty percent of all the blood samples are collected in an american national health service meanwhile fifteen percent of the food that we eat is imported into the united states and of that only two percent is inspected by the government much of that imported food comes from countries that still use d.d.t. and other pesticides d.d.t. was first introduced during world war two it was used for insect control in crops and livestock production from plants diseases or insects was also used to fight inside carry diseases like malaria. there's new research highlights the role

environmental factors may play in causing diseases of other health issues. it makes it all the more important that we fight for a healthier and safer and more. crazy alert t.v. audience is a twitter jokesters made decide if i channel movie shark to nato a runaway hit this summer plotline was simple and ridiculous if you need a refresher here's a clip from the trip. i am going straight a point. to just wait here with the rain down. on many critics lamp news ridiculous promos but it turns out that the whole idea of

animal tornadoes isn't actually that far fetched after all a small twister hit the town of england earlier this week and a resident surely blade told the b.b.c. that the storm lifted neighborhood cats high into the air making what many people are calling the world's first documented cat nato she said we've got four feral cats in the yard and they are being lifted off the ground about six feet off the ground they just went spun around like on a paper bag and the skins of freeze raining cats and dogs all do me. good the bad and the very very liberal silly ugly the good scientific american magazine is cause it called on the u.s. government to end the ban on psychoactive drug research created by the controlled

substances act of one nine hundred seventy scientific. editors put it in piece published in that magazine's february issue if some of the obstacles to research can be overcome it may be possible to finally detach research on psychoactive chemicals from the hyperbolic rhetoric that is a legacy of the war on drugs only then will it be possible to judge whether l.s.d. ecstasy marijuana and other highly regulated compounds can actually yield effective new treatments for devastating psychiatric illnesses i couldn't agree more good and scientific american for thinking beyond the box when it comes to the future of medicine the bad pastor stephen andrew the rest of america was watching the president's state of the union address the conservative preacher was busy giving what he calls god state of the union address the whole thing was bizarre here's a clip from one of the stranger parts. we want to obey the holy bible with all of our heart and soul and we want jesus as our king now this is how you restore

god's blessing and people like barack obama have a totally different vision of america his vision is to follow satan and we know. it pass to andrew is so worried about say this that he really should start digging deeper into what the republican party is up to i mean they're the ones with the upside down. excuse me can't even say it pentagram stars on their logo. and a very very ugly. elementary the salt lake city school is under fire today for the way it's nutrition department treated students whose lunch accounts were delinquent around forty students with negative account balances had already picked up their lunches in a school administrator told cafeteria workers to take away their meals with greater sophia saum. told a local news station about the incident. when fifth grader sophia isom got to the

end of the lunch line yesterday she was met by district nutrition men. and edger who is monitoring accounts this is ticking when he says that both in the. back up and what. sophia says the food was thrown out there were lots of tears that it was pretty upsetting for them the district school officials have since apologized for how their boys be a but let's be honest this never shoot first negative account balance or not you just don't throw away hungry kids lunch that is for sure. we need a carbon tax and we need it now during a state of the union address on tuesday president obama talked

a lot about climate change and how important it is that we stop using nineteenth century energy and start using twenty first century sources of energy take a look. over the past eight years the united states has reduced our total carbon pollution more than any other nation on earth. but we have to act with more. because a changing climate is already harming western communities struggling with drought and coastal cities dealing with floods that's why i directed my administration to work with states utilities and others to set new standards on the amount of carbon pollution our power plants are allowed to dump into the air the shift. to shift to a cleaner energy economy won't happen overnight and it will require some tough choices along the way but the debate is settled. climate change is

a fact and when our children's children look us in the eye and ask if we did all we could to leave them a safer more stable world with new sources of energy i want us to be able to say yes we did well that's all a good start we need to be taking more definitive steps to curve cars to curb carbon pollution associate with burning fossil fuels it causes a whole bunch of problems in addition to climate change when fossil fuel based carbon pollution first became a talking point we learned how bad the health effects of air pollution were and we learn about the health ailments that can cause things like lung cancer and asthma and heart disease and most recently we learned the carbon pollution from burning fossil fuels is associated with altering our environment driving global warming and contributing to more severe weather across the globe. but while we learned more and more about the effects of carbon pollution not once we asked the fossil fuel industry and other carbon emitters to pay to clean up their waste instead we have

been put in. the fossil fuel industry is the only industry that doesn't pay to clean up its own waste instead they profit off of the negative externalities the waste that comes with our nation's addiction to nineteenth century fossil fuels externalities reduce the cost of business for a corporation which means increasing profits so the fossil fuel industry will do anything they can to protect those externalities because it means they can dump their trash carbon dioxide on you and me without having to pay a dime for it all the while seeing their profits skyrocket. a recent study by the team for business coalition found that globally the top one hundred viral mental externalities cost the worldwide economy nearly four point seven trillion dollars every year at four point seven trillion includes the cost of greenhouse gas emissions the depletion of natural resources the cost of climate change the cost of driving up dry cleaning up from climate change driven severe weather costs and the

costs of pollution related health problems in fact back in two thousand and thirteen researchers in europe released two separate studies that reveal the fossil fuel based carbon pollution can directly cause lung cancer and even worse in heart conditions and heart failure right now the fossil fuel industry has no incentive to change its ways and make matters worse we are funding the fossil fuel industries polluting ways because of our out of whack tax policies were forking over more than four billion dollars every year in subsidies to the fossil fuel industry and when you're getting four billion dollars each here every year from the government not much incentive to change what you're doing and his speech on tuesday president obama called for an end to those subsidies for big oil. let's continue that progress with a smarter tax policy that stops giving four billion dollars a year to fossil fuel industries the don't need it so we can invest more in fuels of the future the do while we are closing tax loopholes and cutting off subsidies

to big oil let's have that industry pay for the costs of its own pollution with a carbon tax as soon as a carbon tax is introduced not only will carbon pollution decrease. but all of the green or nearly all the green and clean energy alternatives to fossil fuels will become economically viable because fossil fuels will be more expensive to produce than they are carbon taxes are already popular over in europe sweden for example charges one hundred fifty dollars a tonne for carbon pollution dumped into their skies it's working wonders today you can decrease carbon pollution in that country in the united states a carbon tax would only be around ten or twenty five dollars a tonne just think how successful that could be even china has started a carbon trading scheme in hopes of cutting back on its high levels of pollution. every day that america's fossil fuel industry pumps carbon pollution into our skies people are getting sicker our environment is deteriorating and climate change is speeding up it's time to stop subsidizing the fossil fuel industry and make that

transition from one thousand century century energy sources to twenty first century energy sources like solar wind and geothermal ones who put a tax on carbon that reflects its true costs basile fuels will go from being the cheapest energy source to one of the most expensive in the marketplace will naturally drive everybody toward renewable energy call your member of congress and tell them that we need a carbon tax today. and that's the way it is tonight thursday january thirtieth two thousand and fourteen and don't forget democracy begins when you get out there and occupy something tag you're it suitable.

my marinates join me. for that impartial and financial reporting commentary cancer news and much much. only on the bus and only. one of the newer lumbermen a lot of these new policies it's like you know about. some

other little. pleasure to have you with us here on our t.v. today i roll researcher. leg. length i was a new alert animation scripts scare me a little league team up there is breaking news tonight and we are continuing to follow the breaking news each leg alexander's family cry tears of joy at great things other than their. regard at a court of law found alive there's a story. out of real life. legal

. coming up on our t.v. new leadership at the n.s.a. amid all the mass surveillance scandals we now know who will likely leave the intelligence agency this comes as one u.s. senator is planning to file a class action lawsuit against the n.s.a. more just ahead death row for the boston bomber prosecutors in the case against dzhokhar have decided to seek the death penalty a report on the decision ahead. and fighting in syria has created extremists and not just in syria that's all according to a top u.s. intelligence official more on that and an exclusive look at a syrian city captured by islamists later in the show.