adam smith was not in the chair. okay? so what is the appeal? what smith says that celebrity draws us -- we're so attracted to it, he says the man of rank and distinction is observed by all the world. everybody is eager to look at him. and can see at laos by sympathy that joy and -- his actions are the objects of the public care. so what smith says we live vie tearously through famous people. we imagine what their lives must be like. he says this helps us understand how sad we get when famous people die. listen to what smith said. unbelievable. and he talks about the emotional investment we make in people. remember, development know us, can't see us. and yet we have this connection to them. and he calls them the great. by the great he means famous people. when we consider the condition of the great in those colors meaning delusioner in -- in which the imagination is apt to paint it, seems to be almost the abstract idea of a perfect and happy state. this imagining they have this perfect life. it's the very state which in all our waking dreams and

even adam smith wrote a different book, "the theory of principles" -- >> moral sentiments. >> i wishhe had written one book, wealth of nations and the theory of moral principles, all in one book. he talks about the responsibility of people to each other in the other book. we all believe in the free markets, that's what our capitalist system is about. it's not about laisse fair, no cop on the beat, and look what happened a chairman on the fed an expert on the great depression, ben bernanke tells us there will be no economy on monday. stunning. and so when he -- when paul ryan says that, i want to quote him a chairman of the standard oil of new jersey a few decades ago. chairman abrams, he talked about stakeholder capitalism capitalism, where decisions are made by management that took into consideration shareholders, workers, customers, and the community at large. at that time, we had wages at about 30 times -- the ceo was making about 30 times what the workers were making. 30 times. productivity would rise, ceo pay would rise, workers wages would rise. when we moved to something calle

adams on october 25, 1764, the reverend smith, abigail's father, preached a sermon from the text of matthew. "for john came, neither drinking wine or eating bread." charles francis adams records the story in his memoir, and explains the choice of text as a response to the congregation. he suggests that a portion of the parishioners thought that the son of a small farmer in the middle class of braintree was scarcely good enough to match the minister's daughter. the reverend smith's cryptic message may have included his more personal reflections, which charles francis preferred to disregard. for many reasons, the reverend smith and his wife elizabeth may have disapproved of the marriage of their daughter. abigail was not yet 20 years old when she married. young for the middle of the 18th century, where on average women married at the age of 22. further, she appears to not have had previous suitors to john adams, whom she met which he was 16. adams was a full 10 years her senior, and may have been an advantage, if he had not been a lawyer. but abigail's roots went deep into the colonial

adam smith knows there's not receptive audice to that now and we need to figure out where the cuts come >> why does this always come down to cutting weapons programs? the admininistration basically got all its defense savings by cutting weapons programs. righnow, we are getting two thirds of sequestration by cutting weaponsrograms. half of the army's m modernization program has been wiped out. are we going to keep cutting modernization? >> tre is a sense you can take more risk in the army. personnel has been cut, as well as readiness. >> they keep cututng procurement and weapons systems bause it is easiest. the ironyt is at it's so much easier to cut a weapons progrs in production, as opposed to retiring legacy stems thaare rusting. that leads to civilian pepersonnel cuts and thing memembers don't want to deal with. >> this is why we have 15-year-old bombers. he says, that's the stuffe can cut. >> there are other reasons have 50-year-old bombers. i will get to that later.. >> this is about the smell test for the department of defense. when cononstituents look at the military, two wars a

host: adam smith is our guest. the democratic congressman from washington on c-span's newsmakers program. 10:00 eastern time. we want to welcome back grover norquist. guest: good morning. host: we've not had a chance to get your reaction to the president's budget blueprint. guest: it was a political statement, not a governing document. there are a list of things he wants to talk about rather than a list of things he intends to do. if he wanted to do anything on that list, he was president for two years, all of 2009 in 2010. the wind was at his back. any of the things he wrote down he could've passed back then easily. this is not a list of things he is burning to do. he campaigns very well. a very good candidate in 2008 and two dozen 12. he is not been as good -- and 2012. he is not been as good at governing. people go to things that they like to do. he does not like to govern. when we were negotiating budgets in 2011, he was not in the room. he would send his vice president . he does not like to make those kinds of

and adam smith from virginia tech. nice runner off the window. cutted lead to only 2 for virginia.r. virginia starting to pull away. atkins underneath. the 2 man throw down and the cavaliers continue to chalk up wins. >> virginia 8 in a row. over tech. in wichita, the shockers hosting northern iowa. >> missouri valley conference regular season title. came down to this game. the last of the regular season. wichita state was outstanding from behind the arc. they were 11 for 24. looked like they were going to blow it open. northern iowa came back. fred van vleet and 14 assists and cotton and the shockers are the missouri valley conference champions. >> xavier hosted villanova. >> xavier up by 9 in the early going. early in the second half. villanova. jenkins finds ochefu inside for the layup. here come the villanova wildcats. 10 straight wins now. arcidiacono from downtown. and the outright big east regular season champs for the villanova wildcats. my partner thinks they could be a number 1 seed. >> could be. >> 14 and 2 in the big east. at phog allen, under way in the second half. 5

the smith family, more recently arrived, represented the other respectable strain of new england society. the merchant class. adams's father was a farmer and a shoemaker. given parental or social disapproval of the match it is , clear that abigail smith acted on her own will when it came to marriage. she chose to marry john adams because she loved him and because she believed they were compatible. during their more than three years of courtship, she had measured his character, tested his own intuition, as he had in return, and in the end, abigail believed that she could live her lifetime in partnership from which there was no escape. the adams's marriage has become legendary in american history. just the mention of abigail and john calls forth an image of an ideal marriage, one founded on love, loyalty, friendship, and courage. which in many respects, it was. but the adams's marriage is his -- is mythologized for other reasons. it appears modern. in fact, it possesses many of the attributes of a modern marriage. it was a love match that endured. it produced at least one famous son and established a dynasty of great

but adam smith, he had a nice pump fake and drills the 2. he had 19. but what a nice back door cut here by monte brandon by the flush, 21-36 at the braining. and did i say there was a guy named monte brandon in the game? off the steal, formula 409. brandon with 26. florida state holds on, 73-65 over tech. all right, this game just finishing up george mason on the road against st. joe's. with the dunk here. however, st. joseph's coming down the stretch. aaron brown, what can brown do for you? aaron brown can fire it, can fill it, and st. joe's gets the win down in the stretch. baylor at west virginia today. the bears going into morgantown and pulling out a morgantown sized can on west virginia. rico gathers. rico, the baby hook in the lane. baylor up 23-3. and leads to an o'neal's flush. west virginia blown out. 87-69 at home. that never happens. i'm in navy basketball. you remember my favorite highlight. there goes the cadets. navies tillman dunbar. the little guy had 16. but army leading by 5 at the half. second half, here we go. tanner plum of army,

i spoke to the top democrat congressman adam smith of washington state.at he said to me. the latest poll numbers show 57% of americans disapprove of the president's handling of foreign affairs, 54% disapprove of his handling of terrorism, 57% disapprove of the wait he handling isis. what does he need to do to get a majority of americans to think he is doing the right thing? >> well i think, first of all to clearly and xrencomprehensively explain his strategy. >> what do you think about that? >> well wolf let's don't forget last year he called isis the jv team of terrorism. he is completely mysticaliscalculated the thread. he miscalculated it in iraq libya. he thought if we could keep hands off that this would go away. at times i did too. i thought it would collapse under its own weight. i was wrong. the president was wrong. he has to get a better intelligence team in there, the state department and the rest of the government to tell him what's going on. we have to deal with the reality of this which we all haven't quite grasped and get a new game plan. >>

even adam smith wrote a different book, "the theory of principles" -- >> moral sentiments. >> i wish he had written one book, wealth of nations and the theory of moral principles, all in one book. he talks about the responsibility of people to each other in the other book. we all believe in the free markets, that's what our capitalist system is about. it's not about laisse fair, no cop on the beat, and look what happened a chairman on the fed an expert on the great depression, ben bernanke tells us there will be no economy on monday. stunning. and so when he -- when paul ryan says that, i want to quote him a chairman of the standard oil of new jersey a few decades ago. chairman abrams, he talked about stakeholder capitalism capitalism, where decisions are made by management that took into consideration shareholders, workers, customers, and the community at large. at that time, we had wages at about 30 times -- the ceo was making about 30 times what the workers were making. 30 times. productivity would rise, ceo pay would rise, workers wages would rise. when we moved to something call

this is a big deal, not something we should go back to but again we go back -- and by the way, adam smith wrote a book, what was it called? those theory -- of moral sentiment. i wish he had written one book the theory of moral principles. he talks about responsibility of people to each other in the other book. when i say that, we believe in the free-market, that is what our capitalist system is about but it is not that no one -- what happens? a meltdown where the chairman of the fed and expert on the great depression ben bernanke, an expert on the great depression tells us there will be no economy by monday. stunning. stunning. when paul ryan says that i want to talk to the chairman a few decades ago he talked about stakeholder capitalism capitalism with decisions made by management that took into consideration shareholders of course, workers, customers and the community at large and at that time we had wages, the ceo was making 30 times what workers were making, 30 times. productivity was live workers' wages would rise. when we move to shareholder capitalism where none of the other consi

. >> we will hear from house armed services committee ranking member adam smith about the feist against isis and the priorities in the united states. then sergei lavrov talks about the conflict between russia and ukraine at the annual conference in munich. a conversation between new york times columnist, david brooks. >> on newsmakers this week is congressman adam smith. the top democrat on the house armed service committee. he joins us from seattle. in the studio, we have leo shane and craig whitlock. craig whitlock has the first question. >> i want to start by asking you about ukraine. it seems there is new momentum to consider supplying weapons to the government of ukraine, although that is something the obama administration and its european allies have resisted for a while. where do you stand on this? where do you think this might lead. representative smith: it is pretty clear the strategy russia has employed. they are going to try to military engage in countries underneath the surface, so it doesn't appear they are actually engaged. they will use third parties, bring their soldiers

but again -- and by the way even adam smith wrote a different book. what was his book called? "the theory of moral sentiments." i wish he had written one book, "wealth of nations" and the theory of moral principles. all in one book. because he took about the responsibility of people to each other in the other book. so when i say laize faire, that's what the system is about. but it is not about there's no cop on the beat and look what happened. a meltdown where the chairman of the fed, an expert on the great depression. been bran ben bernanke. an expert on the great depression. tells us there will be no economy by monday. stunning. stunning. and so when paul ryan says that, i want to quote him a chairman of the standard oil of new jersey. few decades ago. chairman abrams. he talked about stakeholder capitalism. capitalism where decisions are made by management that took into consideration share hldz of course, the community at large. at that time we had wages 30 times -- the ceo was making about 30 times what the workers were making. 30 times. productivity would rise. ceo pay w

. >> hay un montÓn de congresistas, liderado por adam smith, el representante de washington, y senadoresue se tome cualquier resoluciÓn el juez debe tomar en cuenta las vÍctimas. ahÍ estÁ sentada nuestra participaciÓn, y ahÍ es donde vamos a luchar. >> hoy por hoy las cÁrceles se estÁ llenando de muchas nestoras, y eso tiene que parar. esto no es justicia. las personas que han declardo a favor de ella son acosadas e intimidadas, hasta con amenazas de muerte!! la embajada de estados unidos pide que se revise a fondo toda la evidencia. los mantendremos informados. # llego el esperado momento de los deportes, con alejandro berry!!cuentanos como esta la accion deportiva este martes!! # >> me vengo enterando y que estas embarazada, te querÍa felicitar de corazÓn. no se si alejandro estÉ entre los nombres que estÁn pensando. >> sÍ, sÍ. >> me da gusto. venÍamos platicando sobre si cristiano ronaldo tendrÍa que haber armado la fiesta despuÉs de que le metÍ los cuatro en el derby madrileÑo. a continuaciÓn la cÁpsula deportiva con toda la informaciÓn. >> si es donde cristiano ronaldo por su cumple

. >> on news makers, representive adam smith of washington, ranking member of the armed services committee will speak. news makers, sunday at 10:00 a.m. and 6:00 p.m. eastern span. -- c-span. >> february is black history month and the c-span bus is on the road. visiting the top historically black iverts and colleges to highlight their role in america's role. on tuesday, house minority leader nancy pelosi spoke at the brookings institution discussing jobs and the economy. she outlined an issue that's to help working families and the importance of investing in infrastructure. she urged congress to fund the homeland security department. this is about an hour and 10 minutes.

and if you put those two together, right adam smith and james madison who authored the constitution, you can predict my votes. and i mean that. right? and i think my class means the same thing. we intend to act out princesiples principles. they're reporting home how they're voting and either they're going to buy it or not. and if we stick 0 our principles it's harder for the other side to knock you down with sound bites. so those are the u toepian principles and ideals we're trying to hang to. i ran on three issues that concern the young people in the room primarily. the debt is $18 trillion the unfunded liabilities $127 trillion. and our budget is about a third discretionary and two thirds nondiscretionary. so the entitlements are in the two-thirds that are in law. you can't change that spending piece until you change the law. just to give you a sense of what $127 trillion means, those two programs will take up the entire budget by 2030. right? so the other side will run negative ads against us saying you're threatening these systems in senior. false. those systems are insolvent by

our guest is the top democrat on the armed services committee adam smith. >> you go back to the budget control act of 2011 when it said that a certain amount of deficit savings had to be achieved or sequestration would happen, we have achieved far more than that amount of deficit savings. the goal of the budget control act has already been achieved. unfortunately, the way the law was written, you had to specifically did before the end of december 2011 or became a law. sequestration doesn't make any sense. for defense or a domestic budget. it is having a devastating impact on infrastructure. how to get around sequestration at this point when there is no consensus? republicans continue to insist that to insist that number one, they will not get rid of it and to, any savings that comes from sequestration has three replaced by other cuts and spending programs. the second problem is, sequestration is there and we are living with it. the pentagon is scrambling, trying to figure out how to put together a sensible strategy and budget. they come up with these ideas and you mentioned a couple of

i'm talking about adam smith. adam smith is probably the second best thing to come out of scotland.the first isn't golf. but you may know about his famous book, which is the wealth of nations. you may know he was a free trader and you may have heard of the invisible hand. what i want to talk about tonight is smith's other book, called "the theory of moral sentiments." maybe the greatest self-help book you have never read. what i try to do in my book holiday how adam smith can change your life" is give you a window smith's psychology, economics, and apply them to modern life. what i want to do tonight is give you an idea of what adam smith can teach us about ourselves and the world around us. i want to start with a story. i was in london last week -- it's been this year for sure. and it was kind of a whirlwind trip. never been in london before, and i gave a talk at a place called the royal society of arts. the royal society of arts is very old. used to be called something like the royal society for encouraging manufacturing the arts and commerce and enough it's just called the royal

sordid self-interest, this is where mandeville and those economists can vulgarize the best of adam smith's moral philosophy, we come together to achieve higher things better things, not only for ourselves because the first coming together is to form the family for others for those people who we raise, our children. and that i think is crucial, for jefferson is obsessed with generations, with progress of generations. things will get better over time. you can't imagine that the rising generation would ever be less enlightened than its predecessor. you can't imagine that people could become ignorant and stupid and selfish. >> i'm going to pick up on generations, which is one of the words you used a minute ago, because i want to bring in each of the other subjects of this lecture series, and u.s. grant was one of those subjects this is what grant wrote on the great accomplishment of the civil war. what saved the union was the coming forward of the young men of the nation, they came from their homes and fields as they did in the time of the revolution giving everything to the country to their d

been very active, that would be authorization committee , so that's eliot engel, armed services, adam smith intelligence adam schiff, and in addition to that chris van hollen who's been very active on this issue for a long time. we have been talking to them about -- i assume i have been having similar conversation was the republicans about an authorization of the use of military force it around three points. one is time, what would be the length of time. two, what would be the geography of it. and third, what is the scope of the authorization? it would also involve repeal of the 2002 authorization, the authorization to go into iraq, but would maintain the 2001 authorization to go into afghanistan and the authorities given to the president in that. we don't have answers to those t i think they are talking about three years. there's a question of geography some people say very limited. other people say boundless. and the scope language like enduring combat for troops on the ground obviously going and rescue somebody, we have boots on the ground. so what is the language around boots on the gro

so jay ignores i think the basic adam smith for frederick hayek critique. he complained about what he called them in the system. they are people who get in government and think they can centrally planned the economy is that the economy or is it society was like a chessboard that the government could manipulate. .. an essential and crucial problem in government. back to the 19th century various programs . the discussion of woodrow wilson observed one of the big problems with the decentralized power structure in washington was know one knew who was responsible for failed government policies. it is a huge and central problem right now and you can see the difference in countries the united states, countries with the british parliamentary system like canada and britain were government comes in the power and essentially, it's a short-term dictatorship. everyone knows who is at fault. the united the united states is much more difficult. political accountability is something that is a real a real problem in the american system. woodrow wilson was a terrible preside

on newsmakers, presented of adam smith will discuss authorization for use of military force against isis. newsmakers, sunday at 10:00 a.m. on thursday, the defense department testified before the senate armed services committee about the future of the guantanamo prison. jack reed is ranking member. this is two hours. >> senator mccain, the chairman has asked me to call to order. he is currently at the national prayer breakfast. that is not finishing as promptly as anticipated. what i am going to do is ask that senator mccain's opening statement beeps submitted for the record and at this time call on the panel for the testimony. when the testimony is concluded, we will begin around a questioning. >> thank you very much. thank you for letting me testify today on the detention center of guantanamo bay. i'm generate 22nd, 2009 president obama signed executive order, 1392, which ordered to closure of the detention bay in guantanamo, cuba. through that rigorous effort, a certain number of detainees were approved for transfer, a certain number were designated for continued detention. since then

[applause] enterprise system >> representative adam smith of washington ranking member of the armed services committee will discuss authorization of military force against isis ashton carter, the defense budget debate and other key military topics. newsmakers on c-span. >>> this sundays on "q&a"," david brooks columnist for the "new york times" on writing an article for the times and the awards he gives out at the end of the year. the sidney awards? >> the sidney awards are given for the best magazine he is says of the year and they can be in journals or in the new yorker, the atlantic or obscure literary magazines. the idea is they always come out around that christmas week between christmas and new year's. the idea is that's a good week to step back and not lead little stuff, newspaper articles but to read something deeper and longer, and it's to celebrate those longer pieces. i do believe magazines change history. the "the new repuckblic" was the most influential american magazine of the 20th century, really did change history. it created progressivism. conservatism barely existed before

on newsmakers, representative adam smith of washington ranking member of the armed services committee will discuss authorization for use of military force against isis. ashton carter's leadership at the pentagon. the defense budget debate and other key military topics. newsmakers on c-span. >> this sunday on q&a, david brooks, columnist for the new york times, on writing an article for the times and the awards he gives out at the end of the year. >> sidney awards are given for the best magazine essays of the year. and they can be in journals or they can be in like the new yorker, the atlantic, or obscure literary magazines. the idea they always come out between christmas and new year's. the idea is that's a good time to step back, and not read tweets and newspaper articles but to step back and have the time to read something deeper and longer. and it's to celebrate those longer pieces. i do believe magazines change history. the new republic, until its recent destruction, was the most influential american political magazine of the 20th century. it really did change history. it created

because of the open internet, we are in your free-market ideal work as adam smith intended with increasingtitian rich rewards consumers and creators. however, this will not continue without strong roles that help ensure that markets work properly. the few companies that control the pipe and face little competition have already begun to exercise or gatekeeper power to limit the promise of this new platform. today, we have arrived at the moment where you decide the future. the right decision, the one that will benefit creators, innovators, the economy and the american people is to reclassify broadband internet service as a telecommunications service. only reclassification will allow the commission to its to the rules that will ban paid prioritization and all the ways in which the companies that control distribution can tip the scales in their favor. what you do today can secure the future of the open internet and make sure all our voices are heard each and every one of us. thank you. >> thank you. and now i'd like to ask our audiovisual team to play the video from sir tim. [video clip] >> th

. >> very tricky when it comes to the president, how he navigates around that when you consider adam smithhat he had to say. he said how do you say you don't want full scale combat operations because there's troops there, there's troops there now, you can't say no troops, how do you limit what they do. how does the president walk that fine line. >> that's the question we are looking at in the series rules of engagement there have to be some rules this can't just be open ended without any democratic discussion beforehand, which we as american people execute through congress. yet to that point, the operations are on-going. there are folks there in the region. you don't want to micromanage from afar. they're tough questions. in short, part of the answer is you need a widespread clear specific democratic debate in advance. we are six months into the operation. >> quickly, will it be humbling for the president if he has to tweak and change the language. >> folks i have spoken to on the hill and white house expect some back and forth, they're open to it. the white house delayed because they didn

. >> on "newsmakers" ranking member of the armed services committee, representative adam smith. ashton carter at the defense and other key military topics. sunday at 10:00 a.m. and 6:00 p.m. eastern. >> sunday david brooks, columnist for the "new york times" on the the awards he gives out at the end of the year. the sidney awards. >> the sidney awards are given for the best magazine. they can be in journals, object secure lit rarey magazines. the idea is that -- between christmas and new -- literary magazine. >> the idea is to sit back and read something deeper and longer, and to celebrate those longer pieces. i do believe magazines changed history. "the new republic" until its recent destruction was the most persuasive writing. conservative barely existed before "national review" and gave it a voice. >> the washington institute for near east policy hosted this discussion on the fight against icis and the -- against isis. regional experts and a former army colonel who served in iraq took part. this is about an hour and a half. >> good afternoon. good afternoon. and welcome to th

his name is adam smith, and he's famous for the following line: "if everybody pursues his or her own self-interest, it'll work out for the best for everybody." most of you know that that's silly. it's a wonderful rationale to go out there and do what you want for yourself and not care about anybody else, but where that leads is exactly where we are... in a very, very bad crisis. so, let's begin by analyzing this crisis as the crisis of a system. and we'll go on to talk about this system even when it's not in crisis, because that's as big a problem as the crisis itself. but crisis is where we are. 2012 is the fifth year of this crisis. what does that mean? first and foremost, it means that we have in the united states today something on the order of 20 million to 25 million people who either don't have a job at all, have been without a job long enough that they've given up looking-- so-called discouraged workers-- or folks who have to take a part-time job because that's all they can find, but they would like to have a full-time job. the bureau of labor statistics in washington keeps r

our guest was represented adam smith. i democratic from washington.e joins us to talk about a variety of things, one of them on whether or not that united states should arm ukrainian forces. [video clip] >> it seems like there's new momentum to supply weapons to the government in ukraine. that is something that the obama administration and the european allies have resisted for a while. fearing it could add fuel to the fire. where do you stand on this and where do you think it will lead? >> i think we should do it. i think we should give them better equipment to defend themselves. the concern here is -- it is clear that strategy that russia has employed. they will try to militarily engage in countries underneath the surface. it does not appear that they are actually engaged. they will use third parties bring soldiers and in ways that we cannot see. certainly they do that in crimea , now they are doing that in eastern ukraine. the current -- concern is we want ukraine to be independent. there are lots of russians begin people in other countries around t

i know adam smith thought of it in 1776 but people still don't understand it and the idea you got verizonr comcast or at&t these profit mongers are spending billions of dollars building out pipes. you need a return on invest. it's not a dirty word to say you need a return on investment to justify spending and building out the infrastructure and when you can't get it because the government takes it for granted that you're going to do it anyway. so i'm blue in the face already. >> yeah and look that's the exact point that the carriers were making yesterday and through this whole debate. if we don't have the ability to make more money from these services we're not going to invest in them. >> exactly. >> and it's not going to get any faster. >> congratulations, mr. president. congratulations wheeler. maybe we'll have five years of totally slow growth. but thanks aman. i'll be okay. it's friday. i'll get through this. but i've watched a lot of things happen that i can't do anything about. >> all right as we mentioned we're going to talk more about this decision and it's ill pact on the tech se

the city is adamant, if they bend the rules for this family they'll have to do it for everyone else. azenith smithvu. >>> a couple of systems headed our way over the weekend. number one system showing up right now in the north bay. moves through the bay area tomorrow and makes for a very wet day. especially in the lunchtime, 11:00 to 2:00 range. showers showing up in the eureka area now. light scattered showers showing up offshore. we're starting to get reports of light sprinkles around point rays station. out toward occidental. showers will increase tonight and they'll make for a wet morning commute. the main concern is going to be out there by pen grove where it gets some flooding. some of the small streams and such. i don't suspect the russian river should be a problem. but we'll be watching that area. on the bridges tomorrow morning. there's a high wind warning that goes into effect. the winds will be coming from the south. the san rafael bridge that's the one. it travels from alvisa over the southerly flow on to the bay. it gets a lot of speed going. so the san mateo richmond bridge can be a

just today we got our hands on ceo of intuit brad smith his letter to the irs commissioner, john koskinen, pardon me saying that wrong, he is adamanthere needs to be some kind of public/private task force to go after this thing. good idea? >> i think so. i think, you know this is a big problem in america today. many americans are facing identity theft in general. and specifically with your tax return as well. you know, he published this letter to basically put the outcry out there that we're experiencing these issues. i think the irs should join forces with the industry and come up with some solutions. part of the problem is, system that the irs have, kind of outdated and they're not really fit to fight this fraudulent tax returns. >> so all these thieves need really is your social security number, and your name. don't need your address. don't need any details how much money you're making, what your w2 looked like. you make all of that up. and what they do they steal your refund. they steal your refund and take tax credits that is in your name. with are is the irs on this? why aren't they out here talking about it? we had refunds,

smith going back to washington when it might be too expensive for mr. romney. >>> are political correspondent michael shore joining us from los angeles and joined by adam leos and daniel weiner, counsel for the democracy program for brennan center for justice. gentlemen good to have you with us. >> thanks for having me. >> this is clearly a donor driven process. mr. leos aren't we electing the best door to door salesman? >> it might be better if it was door to door. it's more like dialing for dollars to a very narrow set of wealthy donors. they have become the gatekeepers of our democracy. if you can't then it's hard to get a campaign off the ground. as your story pointed out you have to do that day after day day in and day out. for example to be competitive in a u.s. senate race our latest report the money chase showed you would have to raise $3300 per day for every single day. >> mr. weiner, are the donors really holding the cards here? >> i think that the candidates are less in control than they used to be. candidates still spend significant amounts of money but now we have outside groups also spending huge amounts. i would say that our latest research thoug

smith relaxes before his run while watching two tear up the track. >> couldn't ask for nicer weather. mid-70s, clear day, perfect day for racing. tommy adamsdavid hugo was the driver of the lumina in the right lane. >> the drivers get the green light and the race starts as it is supposed to. >> when the cars took off down the track, everything looked so smooth. kind of relaxed run. both cars lobbed side to side, no unnecessary fishtailing and no stupid moves at all at that point in time. everything looked as it was going as normal for a drag racing. >> a friend and competitor of both drivers for years. having raced against them several times. he has great respect for their skills. >> tommy haas been racing since '69. he was a true racer. if the tracks were opened and there was something going on, he was there. he was a professional driver. david hugo was a smooth driver. they had a team that would do anything for you. as far as i know, tommy adams nor david hugo has ever, ever had an accident up until that day. >> both drivers' flawless track records are about to take a major hit with a heart stopping collision all caught on camera. >> dav