call debate disappointed or the country that wants advice russia during its worst economic crisis now struggle so answer the serious questions hanging over its own financial future artie's you got that you know that trover has been investigating why washington is reluctant to take its own advice. and worse has now approved a compromise to reduce the deficit and avert a default that would have devastated our car the u.s. just had to swallow this bitter pill but many students it will help the patients' recovery but will instead prove to be a poisoned chalice our economy is not growing at all in fact unemployment remains very high foreclosures remain very high no recovery is taking place and are we on a suicide mission we may be gesturing you know to kind of deal with debt at the same time make it impossible for the government to play any role to save the economy in the economy is going down rapidly at some point shortly after the collapse of the soviet union russia became an american laborde tree for new liberal economic theories but can americans take their own advice now to deal with

is used to dishing out advice to others but maybe less accustomed to helping itself . congress has now approved a compromise to reduce the deficit and avert a default that would have devastated our economy the u.s. just had to swallow this bitter pill but many students it will help the patients' recovery but will instead prove to be a poisoned chalice our economy is not growing at all in fact unemployment remains very high foreclosures remain very high no recovery is taking place and are we on a suicide mission. we may be gesturing you know to kind of deal with debt at the same time make it impossible for the government to play any role to save the economy any economy is going down rapidly at some point shortly after the collapse of the soviet union russia became an american laborde tree for nearly broke economic theories but can americans take their own advice now to deal with their own economic crisis repressive live within your means the same advice they gave was without knowing our economic and social realities and we. look to be russian guy had it russia central b

advice of the world bank's advice and the ones who experimented with their own kinds of economic policy in their own kinds of reforms and melded a form of some kinds of capitalism with some kinds of state control or state regulation and that's really i think that's the lesson that's the lesson that's been drawn by the commission on growth a number other institutions that have looked at how developing countries have grown now i want to bring that back to what that means for the i.m.f. leadership right now because we're choosing a leader for the i.m.f. or i should say the heads of state of europe are trying to choose their leader on their own and as they're doing that they're not thinking about what we want the i.m.f. to do for the next five or ten years and what we really want the i.m.f. to do and what i think it's added value as an international institution is is that he can be there to serve as a neutral arbiter or an independent voice on economic policies particularly in rich countries the i.m.f. has spent much too long focusing on developing countries and telling them how to run thei

has she asked your advice? >> she has not asked my advice. i do not know. i certainly put some credence to karl rove. he's one of the guys who beat me. >> reporter: do you think she should run? do you think she should be president? >> that's a decision that is so personal. it has to do with your family and all of these things. it's hard for me to know where sarah should run or not. i think she would be very formidable. by the way, we have all these frontrunners. i remind you that, in 2007, at this time i was done. if you might recall. my campaign was doomed. a lot of things are going to happen. i hear, for example, maybe rudy giuliani is going to get in the race. i think he would be very formidable. by the way, congratulations to tim pawlenty for running a hard race. he's a good person. >> reporter: let's turn to the other republicans who have announced they're running for president: mitt romney, michele bachmann, rick perry. they all opposed the debt ceiling deal. you were on the senate floor during the debate. you criticized republicans who opposed the de

seek advice. if you are not good at construction you find someone to help you or have a contractor look at the space they can look at the electric panel and tell you a typical restaurant needs 400asms and you have toup grade your panel and knows the waiting list for the panel is 6-8 months so you should start that today if you are series about the project. the goal is to have help you go through the process as you go through. goal of the task force is not to have anybody with a big financial surprise at the end where they forgot a step and it cost a lot of money. >> who would be part of this? you have the contractor. what other advice might you need. would you be seeking? >> i think you could find somebody who is familiar with the zoning requirements. find out if you need a change in use permit. if you need an entertainment permit. if you are in a redevelopment zone they may be a problem. and to look at building and the thingsure not good on the and generally the contractor could help you. you cou

. >> plus, expert advice on what to do with your money and why some people want to blame the market mess on the smurfs. >>> good morning, everyone. i'm tanya rivero. >> and i'm daniel sieberg. a punishing thursday is rippling around the world on this friday morning. overseas stock markets taking a beating already. >> take a look at this. every major exchange is lower, some by as much as 5% including important u.s. trading partners like japan and south korea. we'll get a live update from tokyo in just a minute. >>> and the pain on wall street may even get worse today. we're expecting another dismal u.s. jobs report in just a few hours. expected to show no change in the unemployment rate, currently 9.2%, and our coverage begins with abc's scott goldberg. >> reporter: if you thought the economy was in the clear after washington passed the debt deal -- >> i got 75,000. >> reporter: -- welcome to wall street where the dow suffered its biggest one-day loss since the height of the economic crisis, and the stock market has now given everything it gained this year. >> there isn't much washington

let me give you advice.ocus on getting more people elect don't become a part of the washington model of lit mist test and destroy ourselves. get 40 more people in congress and five more senators when the states cut the ties, and apron strings with the federal government, federal government doesn't need to be that big or onerous in our lifes. >> mike: phil and david thank you very much. one of the things that occurs to me. more people accuse you of the horrible things, the stronger you get. like they are throwing gas linn to a already well burning fire. in many ways it is counter productive. >> thank you, governor. >> mike: we'll send it to you live on straw traw from the traw -- straw poll in iowa. that is next saturday. i will be back with >> mike:y the latest presidential poll numbers or congressman weiner's sexting scandal. there is nothing to get you hook up. close your eyes and thank god you are an american. that is the newscast i can't wait to see. stipes a piece of news comes that may not be a headlin

of all of our has been investigating why washington is reluctant to take its own advice congress says no approved a compromise to reduce the deficit and avert a default the would have devastated farrakhan. the u.s. just had to swallow the bitter pill but many still doubt it will help the patient's recovery it will instead prove to be a poison chalice our economy is not growing at all in fact unemployment remains very high foreclosures remain very high no recovery is taking place and are we on a suicide mission we may be gesturing you know the kind of deal with there at the same time make it impossible for the government to play any role to save the economy in the economy is going down rapidly. at some point shortly after the collapse of the soviet union russia became an american laboratory for near liberal economic theories but can americans take that own advice now to deal with our own economic crisis we live within your means the same advice they gave was with our economic and social realities. headed to russia central bank and that needed post so that the period a year he took of t

now to deal with their own economic crisis we live within your means the same advice they gave us with our economic and social realities. to the russian guy had it russia central bank in the immediate post soviet period the year he took up the chop in one thousand nine hundred ninety two so the worst four figure inflation in russia's history the us is sarky into nan's of the communist economy was in collapse and there was nothing to replace it with. so perhaps this issue asian was disastrous for him did was over a hundred billion dollars in gold in foreign currency reserves was in fifteen million which effectively means new. people still are fullness of the van government remember holland america's advice so-called shock therapy was a plot the markets might have got the therapy but the people got the shock empty shelves and must pull the disease goes or as one politician said from a mortgage to a communist economy is easier it's like trying to turn your query into fish soup which to do the opposite is much harder it's like trying to revive the dead fish it to coordinate russia a decade

live within your means the same advice they gave us without knowing our economic and social realities as we. headed to russia central bank and they needed posts of that period the year he took up the job in one thousand nine hundred ninety two some of the worst for figure inflation in russia history the us is sad came to an end as the communist economy was in collapse but there was nothing to replace it and move turn market economy. so the situation was disastrous for it did it was over one hundred billion dollars in gold in foreign currency reserves well listen fifty million which effectively means new. people to reformists of the damned government remember how america's advice so-called shock therapy was applied the markets might have called the therapy but the people got the shock and to shelves and mass poverty. as one politician said to me from a market to a communist economy is easy it's like trying to turn your query into fish soup but to do the opposite is much harder it's like trying to revive the dead fish. it took modern russia a decade to revive its a clarion and return to

specialists, lots of doctors, lots of advice... and my hands were full.sort t tough it all. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. >>> finally tonight, 30 american heroes came home today. draped in flags, met by grieving families and their commander in chief. jake tapper has their story. >> reporter: the president landed at dover air force base to honor 30 fallen american service members. earlier, two c-17s containing their remains arrived at dover with no fanfare. as many of them lived, private, away from cameras. but now we know who most of these brave warriors were. 22 were navy s.e.a.l.s. darrik benson. brian bill. christopher campbell. john douangdara. kevin houston. jonas kelsall. lou langlais. matthew mason. stephen matthew mills. jesse pittman. tommy ratzlaff. robert james reeves. heath robinson. nicholas spehar. m

live within your means the same advice they gave was with our economic and social realities would be to give russian guy how did russia central bank in the immediate post here it the year he took up the job in one thousand nine hundred ninety two so the worst for figure inflation in russia's history the us the sarra tkinter nand of the communist economy was in collapse but there was nothing to replace it with. so this issue asian was disastrous for him did was over a hundred billion dollars in gold in foreign currency reserves was in fifty million which effectively means new. people so reformists of the then government remember how in america's advice so-called shock therapy was applying to the markets might have got the therapy but the people got the shock to shelves and mass poverty as one politician said from a mortgage to a communist economy is easy it's like trying to turn your query into fish soup which do the opposite is much harder it's like trying to revive the good fish into cordon russia a decade to revive it's a quarry and and return to economic growth transforming the co

whatever advice they give me, i keep it secret. and there are very content with that. -- they are very content with that. >> [inaudible] >> 6:00 in the morning on sundays. maybe every two weeks. >> [inaudible] you just want to be a city administrator. you are used to these distractions. >> no, there were a lot of things i have to get used to the first few months. there are a lot of things that i cannot get used to in this job, the attention, publicity, but also, the variety of issues. there are so many things coming at you. for example, this today, a friend of mine in mailed -- e- mailed me and said that one of his in-laws was one of the fishermen that was caught out in the kabul area. i said that we would call the account the general in mexico. so we immediately made a call, asked the mexican consulate to ask the mexican government to continue the search. do not stop. do everything you can. the weather is warm. people have relationships. i did not know that. i was reading the news like you, and all the sudden, a friend says, i hav

for advice. and contaminated legacy native americans in an area that witnessed eight year reign the mining boom say the u.s. government exploited their land and left them on the edge of extinction.

let me give you advice. on getting more people elect don't become a part of the washington model of lit mist test and destroy ourselves. get 40 more people in congress and five more senators when the states cut the ties, and apron strings with the federal government, federal government doesn't need to be that big or onerous in our lifes. >> mike: phil and david thank you very much. one of the things that occurs to me. more people accuse you of the horrible things, the stronger you get. like they are throwing gas linn to a already well burning fire. in many ways it is counter productive. >> thank you, governor. >> mike: we'll send it to you live on straw traw from the traw -- straw poll in iowa. that is next saturday. i will be back with >> mike:y the latest presidential poll numbers or congressman weiner's sexting scandal. there is nothing to get you hook up. close your eyes and thank god you are an american. that is the newscast i can't wait to see. stipes a piece of news comes that may not be a headline in

to developing countries are the wrong kind of policies and advice from most countries in the world and that you need to have very very very differential situations for each country and they're not going to and as we all now know economic theory as described by new liberal or the docs economic schools is just floored it doesn't work with the way our real world economic systems work markets don't but aren't far from being in the know under that kind of economic theory no no again if i believe in a higher call milton friedman you might know but no one is pursuing that chicago university does not have the great influence but you give it credit for the people who really influential i really happening you've got a greening of the outlook of leaders of international institutions and politicians where they've taken up my dislike environmental ism to argue that we shouldn't grow or at least we should be very very careful very cautious about growth so the real growth that we have over the last two years which i really welcome risk being undermined by that and that is being imposed by the i.m.f.

let me give you advice. on getting more people elect don't become a part of the washington model of lit mist test and destroy ourselves. get 40 more people in congress and five more senators when the states cut the ties, and apron strings with the federal government, federal government doesn't need to be that big or onerous in our lifes. >> mike: phil and david thank you very much. one of the things that occurs to me. more people accuse you of the horrible things, the stronger you get. like they are throwing gas linn to a already well burning fire. in many ways it is counter productive. >> thank you, governor. >> mike: we'll send it to you live on straw traw from the traw -- straw poll in iowa. that is next saturday. i will be back with closing thoughts. at a rightt here. ng about them. a couple decades ago, we didn't even realize just how much natural gas was trapped irocks thounds of feet below us. technology has made it possible to safely unlock this cleanly burning natural gas. this deposits can provide

we recently lived within your means same advice they gave us with no moaning and social realities the us can dish it out but they can't take it especially considering the recent brush with death of paul why should america learn from russia's dose of economic shock therapy. and what lies beneath the debt ceiling drama well ninety nine economic problems and unemployment is one of big one so where all the jobs. experts are saying the trail of evidence leads annoyed one voice and only one direction and that is beijing china it does because the security firm who i'm covered the cyber attacks say that is very good so where does the mainstream media get off at pointing fingers. good evening it's wednesday august third i'm lauren lyster here in washington d.c. and you're watching our t.v. well the united states may have barely averted a default on its debts but it didn't tackle its overall debt problem nor did it show washington's ability. the two point one trillion dollar deal is spread out over ten years with many of those cuts still t.b.d. and it doesn't make much of a dent in the fourteen

. >> if they nd any advice, they can just call me. i can give the advice. if they don't need, i will not get involved. >> he talked about whether he has intentions to return home. >> for my plan going back to thailand, i have no plan. when reconciliation happen, that might be. if reconciliation is not there, i don't want to cause any more conflict. >> he is scheduled to stay in japan until the end of the week on a special visa. he plans to visit areas affected by the march disaster echlt was ousted in a coup five years ago and convicted of corruption. now to libya. >>> anti-government forces in libya say the capital tripoli is mostly under their control but trpsoy tthcountrs leeroaar gadhafi are aprently sti putting u sistance. the rebels made the announcement monday. they said they are looking for gadhafi so they can try him for war crimes. gadhafi loyalists say the leader is safe in tripoli. they have gathered around the huge military compound that also serves as the leader's home. residents around the compound that also served as the leader's home. they

let me give you advice.eople elect don't become a part of the washington model of lit mist test and destroy ourselves. get 40 more people in congress and five more senators when the states cut the ties, and apron strings with the federal government, federal government doesn't need to be that big or onerous in our lifes. >> mike: phil and david thank you very much. one of the things that occurs to me. more people accuse you of the horrible things, the stronger you get. like they are throwing gas linn to a already well burning fire. in many ways it is counter productive. >> thank you, governor. >> mike: we'll send it to you live on straw traw from the traw -- straw poll in iowa. that is next saturday. that is next saturday. i will be back with [ male announcer ] imagine all of your missed opportunities in one place. the winning horse you could have picked. ♪ that "old flame" you should have called. ♪ that leap of faith you never took. but there's one opportunity that's too good to miss. the lexus golden opport