because other than that, i got about eight hours of bernie sanders tape to start running on air. so the of half kidding, half joking. and then you know they bring out the big dog. elvis comes into the building and guess what bernie sanders, his show ended up getting -- >> here's president clinton, though on his party. let's listen.

the other 10 are liberal democrats the usual suspects like bernie sanders and patrick leahy of vermontthe opposition comes of course from the far left. and with yet another crushing defeat, the question is, can george soros, aryana huffington, the "new york times" and nbc even survive much longer as

he was joined in his challenge to the fed by bernie sanders. now the new senate will have a number of senators who are new. what do you think that will mean? >> i think we have to remember that the reason independent central banks were created is partly to give politicians something to complain about when the economy -- the barrier to making substantial changes to how the fed operates are extremely high. all of the governance of the fed are appointed on a long-term basis. they are independent. the legal framework of the fed -- gives the fed a lot of latitude. it is hard to see how this will be much more than noise and criticism coming from either house of congress. >> are they likely to make gains in transparency? >> he was an early created of this audit be that movement. as a result, there was a version of that that ended up in the dodd-frank bill. that was ron paul and bernie sanders in the senate. it got a lot of traction. in transparency, he has a success story. it is doubtful that he will get to the point where he wants where we will be ab

and that's where we saw bernie sanders on the floor today for eight hours. is he representative of the unhappiness or does that go anywhere? >> he's representative, mostly he's representing the unhappiness you see primarily in the house. the senate, there's just not that much unhappiness. but you're right, gwen, in that, this is a dramatic change and perhaps a pivotal moment in obama's presidency, because what we've seen up till now is a solid minority in the republican party standing shoulder to shoulder against the things he wanted, primarily healthcare, for example, and they had to push it through only with democratic votes. now, after this election, you see a dramatic turn on the president's part where he cuts a deal literally with the republican chief of the senate, and i think this is a bit of a shock to the democrats in the congress. and it's a totally different way of doing business. >> especially considering that senator mitch mcconnell, the republican leader, is the person whose legislation has been obstructed, he's taken the lead on that. and it's

liberals want president obama to fight the bush tax cuts as hard as senator bernie sanders did on the senate floor on friday, but the white house wants to move past this issue and go on the attack against republicans next year. robert gibbs talked about sanders' nine-hour friday filibuster today. >> i think the president will be the first to agree that there are there are aspects of this that he doesn't like as i've said before and as he's said before. our preferred method was to make permanent the tax cuts for the middle class. the votes weren't there in the senate to do that. and rather than threaten our economic recovery, the president believed that this bipartisan agreement was the best way to go. >> and i agree with that. i agree that's exactly where the president is. i think that he's committed to the middle class. he was not going to give any ground on that. this has nothing to do whether i support president obama or like president obama or going to really advocate for him in the next election cycle. i mean, i'm a fan. i'm a fan. but i think the president is making a huge polit

because other than that, i got about eight hours of bernie sanders tape to start running on air. half kidding, half joking. and then you know they bring out the big dog. elvis comes into the building and guess what bernie sanders, his show ended up getting -- >> here's president clinton, though on his party. let's listen. talking about vermont of course. >> a lot of them are hurting now and i get it and you know i did 133 events for them. i believe the congress in the last two years did a far better job than the american people thought they did at least the american people who voted in the midterms and i went to extraordinary efforts to try to explain what i thought had been done in the ways they thought were most favorable to them. but we had an election. the results are what they are. the numbers will only get worse in january in terms of negotiating. >> you know it used to be working in politics that anybody was out of the business for a few months or a couple of years and certainly the ten years he's been out, couldn't write his speech, couldn't keep up with where here's ago.

. >> let's pick bernie sanders he goes on the floor of the senate a few days ago and he talks about,ing about the rich. he's talking about the greedy, selfish, no good sob rich. they think rich people the hard left or some members of the hard left think rich people really are bad people. >> bill: you put the kennedy question to bernie sanders and he goes humahuma. i want everybody to read bernie's column on bernard goldberg.com. >> tonight me and the white house and the opening hññh÷ño >> bill: tonight reality check. if it isn't rock solid true you won see it here. check one, friday laura ingraham filled in because i was visiting troops at walter reed hospital with geraldo and colonel hunt. that night i was lucky enough to go to the annual white house media christmas party. decorations were stunning. everybody was nice of the i even posed for a picture with joy behar. who i urged to sing joy to the world. she declined. it is christmas. any way, we are hoping the president will come on the factor soon. we chatted about that with his guys and gals. i even said merry christmas to mr.

meanwhile, the liberal senator, bernie sanders from vermont literally spent the entire day blasting the bill in a prolonged filibuster on capitol hill. we find david kerley on capitol hill this morning. david, good morning to you. time is tight. they're running out of time. how do they get this thing done? >> reporter: by doing some reading. senators are waking up this morning with reading material. late yesterday, they got the actual text to this bill to cut taxes and reduce others. the senators are expected to pass this bill. despite all the grumblings over the last couple of days. but in the house, it's a much different story. they're livid on the house side, the democrats. they say they're not going to consider this bill. president clinton came to the white house, in an effort with president obama, to try to silence the democratic critics. >> the agreement taken as a whole is, i believe, the best bipartisan agreement we can reach to help the largest numbers of americans and maximize the chances that the economic recovery will accelerate and create more jobs. >> reporter: former pres

may not be bernie sanders, but he's a liberal.vote for it and he essentially echoes the president, i don't love these policies, but i don't want tacks to go up and middle class minnesota families. you seem to get a sense of the log is starting to roll downhill on these tax cuts. i think you saw chris van hol n hollen, we may change something here or there, but this is going through. they want to get to the new s.t.a.r.t. treaty. some of these other things. "the washington post" abc poll, 69% of people like this. >> devastating. >> politicians don't go against things that 70% of people favor. >> it told me that there's not a big difference in republicans and democrats. both around 68%. you can't beat that. we have to go now, but thanks for that. >>> stay with us. when we return, a federal judge in virginia rules the key provision in the obama health care bill is unconstitutional. republicans are loving it. he's going to run for try to make a comeback on this baby, but it's still not over. you're watching "hardball" only on msnbc. a

. >> vermont senator bernie sanders fought against the tax cut compromise with a speech in the senate lasting over eight hours. >> and the faa says it lost track of who owns the private and commercial planes and says records under disarray, criminals could buy planes without knowledge and warns rogue pilots to use registration numbers to evade computer systems used to track flights. and this is now ordered owners to reregister their plane autos eric holder told a sole yigs financial crimes quote, reached crisis pro portions. holder credited efforts to stop crimes during today's financial fraud enforcement task force meeting in san francisco federal building. reporters asked about the wiki leaks controversy. he did under score the gravity of releasing document autos it's serious because of the nature of the conduct. the release of those materials harmed our national security, putting at risk people who work on behalf of the united states and the safety of the american people. >> holder will attend a meeting this evening, emphasizing the u.s. government will be quote, extremely aggressi

. >> let's pick bernie sanders he goes on the floor of the senate a few days ago and he talks about,talking about the rich. he's talking about the greedy, selfish, no good sob rich. they think rich people the hard left or some members of the hard left think rich people really are bad people. >> bill: you put the kennedy question to bernie sanders and he goes humahuma. i want everybody to read bernie's column on bernard goldberg.com. >> tonight me and the white house and the opening bit on "snl." wait until you see this here's the truth. allstate can also protect your home or apartment, as well as your boat, motorcycle, rv, and snowmobile, and even your retirement and your le. not many insurance companies can say that. but allstate can. now that you know the truth, know this: the more of your world you put in good hands, the more you can save. dollar for dollar, nobody protects you like allstate. [ male announcer ] you know her. we know diamonds. together we'll make her holiday. that's why only zales is the diamond store. where you can get up to $1,000 off now through sunday. because

economics is all about, what i would say to them, you had your chance, it failed. >> senator bernie sanders, making a substantive fact-driven relatively cogent argument against president obama's tax cut compromise with republicans. because senator sanders is a liberal, the beltway coverage of his one-man stand may as well have been about him using that time to hold a love-in or some other incoherent but lefty protest. by a vote of 83-15, the senate moved procedurally closer today to passing president obama's tax deal with congressional republicans. what happens next is that it goes over to the house. what will happen in the house, is that liberals and progressives will make their case against the deal. if you were in the beltway media, that's your signal to go take a coffee break. no reason to actually listen to these arguments, you know, liberals, blah blah blah, income disparity, blah, blah, blah, deficit, blah, blah, blah. no one knows what will happen with this deal in the house. it's entirely possible it will pass. among the reasons it's going to have a rocky road is this case against

senator bernie sanders of vermont, thanks for your time tonight. it was an extraordinary thing to watch on friday. thank you for upholding democracy. >> thank you, very much, keith. >>> let's turn now to the washington editor of "the nation" and msnbc contributor, chris hayes. tax cuts now and forever, i guess is the mantra? >> yeah, that's what's so interesting when you think about this as a bipartisan compromise, right? i mean, is -- tax cuts are the central core, he c existential e of the republican party. it's what they agree on all the time. if the founding document imposed republicanism. it's not surprising that republicans are getting behind a plan that involves a lot of tax cuts. that's exactly what they are -- that's exactly what they do. if you look at -- if you compare this, which people are calling stimulus 2.0 to the recovery act. that really was a consensus bipartisan type approach. it was half spending and half tax cuts. it got three total republican votes in both houses. that's the problem, the asymmetry there -- you can't find a ba

. >> mitchell: let's talk about the filibuster yesterday by bernie sanders, independent from vermont,s up there for what's being described as an old-school filibuster beight hours where we goes off on everything including the tax cut bill. will this have any impact as congress moves forward? >> reporter: well, it's become a rallying point for liberals and progressive who are very angry with the white house, not just angry with the tax cut deal the president put together with the republicans but the way it was handlessed, leaving out the democrats in congress. but the white house thinks the democrats are getting their anger out, and it's that, a kind of psychological exercise and it won't in the end impede this from going forward. >> mitchell: look ahead, where can we expect this to go in the coming days? >> reporter: the senate brings it up on monday and the white house feels pretty good about the situation there, although it could still be bumpy. the house is the real problem. they've tweaked the bill a little bit. they added in credits and grants to help with renewable energy and et

. >> and while that was going on bernie sanders fought against the tax cut with a marathon speech in the senate lasting more than eight hours. >> you can call what i am doing whatever you want. you can call it a filibuster or a very long speech. it sounds like a good idea for working people. it is actually a bad idea. again, it has to be put within the broad context of what's going on in america. >> the senate is expected to approve the bill next week. but most democrats in the house are refusing to support it because it extends tax cuts for the wealthy. some unseasonably warm temperatures in our forecast. >> that's ahead. and the injured sea lion who is being treated for multiple gunshot wounds. and a santa fired from the union square macy's. >> and do you over indulge during the holidays 1234* just use your imagination. and then on "nightline." >> coming up next, a kid p thating that shocked the nation, and now eight and a half years later the jury convicts the man who tortured elizabeth smart.@t@t@t@t@t@t@t@t >> closed captioning brought to >> closed captioning brought to >>> a ca

only 13 democrats, five republicans and bernie sanders voted no. now the senate support for these tax cuts i think is pretty staggering. let me show you this. compare it to this. in 2001 the bush tax cuts passed the senate by a vote of 5-33. and in 2003 the second round of these tax cuts passed 51-50. that of course is when dick cheney broke the tie. it's kind of funny, isn't it? i mean this means that president obama did a better job of selling the bush tax cuts than president bush ever did? well, now the president has to sell the compromise in the house. but he's convinced today's vote is a win for the middle class. >> i know that are there different aspects of this plan to which members of congress on both sides of the aisle object, that's the nature of compromise. but we worked hard to negotiate an agreement that's a win for middle-class families and a win for our economy and we can't afford to let it fall victim to either delay or defeat so i urge members of congress to pass these tax cuts as swiftly as possible. >> all right, the house will v

senator bernie sanders. always an honor. >> good to be with you. tavis: are you buying his been? >> i am not. the president is absolutely right that it is an outrage that our republican colleagues would hold hostage an extension of benefits for 2 million unemployed workers today. that is an outrage. he is right that it is disgraceful that the republicans are holding hostage tax breaks for 90% of the american people in order to get huge tax breaks to millionaires and billionaires. i think where the president is wrong is not understanding of the american people are totally disgusted by this behavior on the part of the republican leadership and are prepared to fight against it. i think what our job right now is is not to reach an agreement, which is unfair to our kids and grandchildren who will be paying higher taxes in order to pay off the debt to give tax breaks to millionaires and billionaires. our job right now is to demand our republican friends who tell us every day how concerned they are about this deficit and the national debt, vote against this bill which increased the the

. >> reporter: independent senator bernie sanders spent over eight hours blasting the deal. >> i do not want to see my kids and grandchildren pay more in taxes because we borrowed money from china to increase the national debt. >> reporter: intended to boost the economy the final package would cost $801 billion for tax cuts. plus $57 billion for a total of $858 billion. the giant price tag is one more reason mr. obama may soon tackle an overhaul of the tax code. and the president told npr that could start next year. >> i think we could get broad bipartisan agreement it needs to be done but it's going to require a lot of hard work to actually make it happen. >> reporter: the president could use his state of the union address or his budget next year to make the case that we need to overhaul the tax cut -- tax code rather. i think it's worth noting, lester, that the deficit commission report calls for raising tax collection by $1 trillion, in large part by eliminating or reducing many of those loopholes that are in the tax code. >> norah. thank you. the tax deal a topic on "meet the press.

for the first time to that now famous nearly nine-hour filibuster led by new progressive hero bernie sanders in protest of the tax deal. >> let me address just tangentially about what you said about mr. sanders. the president would be the first to agree that there are -- there are aspects of it he doesn't like. rather than threaten our economic recovery, the president believed that this bipartisan agreement was the best way to go. >> so gibbs seeming to approve sanders' philosophical point but not the tactic he used to make it. house democrats are scheduled to meet in a closed door caucus tonight to discuss the tax package. that meeting comes after democratic leaders said they would not schedule a vote on the tax bill without some changes, specifically the higher estate tax. however, house majority leader steny hoyer predicted his chamber would ultimately approve the measure. >> the legislative process as the president said today is a series of taking sol things you want and taking some things you don't want because you think there's a net plus in the action that you're taking so i think tha

host: more regarding senator bernie sanders and his filibuster yesterday. senator bernie sanders took to the floor of the senate to share his thoughts about the tax-cut plan. after the sun had set and most of his colleagues had gone home, he was still sharing about taxes, a bad trade, deals, and kirk's on wall street. you can see more of his filibuster on the floor of the senate on our web site. you will be billed to stream at their. you will be able to see when we plan on be playing it throughout the weekend. back to the phones. independents, arkansas. caller: that is independence, oregon. host: what did i say? caller: arkansas. host: ok. go ahead. caller: a couple of quick facts. people making $250,000 per year tax that 40% make $12,250 per month. people making 50% of all -- $50,000 for your tax that 30% makes $3,000 per month. people making the federal minimum wage at $7.25 per hour with no stop -- with no tax make quelled hundred $60 per month. tell me who is -- make $1,250 per month. tell me who is rich into is not. -- who is rich and who is not. host:

, the tax debate had been dominated by verdict's independent self-described socialist senator bernie sanders, who had been speaking on the floor of the united states senate by himself continuously since about 10:30 this morning. about 4:00 today, clearly the white house had had enough. so instead of briefing reporters about president obama's private meeting with president clinton, president obama decided to trot out president clib himself to brief reporters. it turned into a de facto ex-president conference. >> the agreement taken as a whole is, i believe, the best bipartisan agreement we can reach to help the largest number of americans and to maximize the chances that the economic recovery will accelerate and create more jobs, and to minimize the chances that it will slip back. there's never a perfect bipartisan bill in the eyes of a partisan. i also think that in general, a lot of people are giving a sigh of relief that's been some agreement on something. >> reporter: naturally, president clinton was asked to compare his situation in 1994 to what president obama faces today. >> the story

. >> reporter: liberals like bernie sanders argue extending the tax break for upper income brackets will make the soaring deficit even bigger. he is pushing democrats in the senate to reject the plan. >> i think we got three weeks left to this year and i think you got the american people behind it. >> reporter: democrats in the house say the president caved in too quickly to republican demands. they are insisting on changes to the tax cut deal but it's not clear how big those changes need to be. the president spent the week pressing congress to pass the agreement. >> this agreement would boost economic growth. >> reporter: and top white house aides appear confident that the deal will go through. >> i think at the end of the day it will get done. >> reporter: but time is running out to strike a deal that the president's party will sign off on. if there is no agreement before new year's? >> 's taxes will automatically go up. -- everyone's tax will automatically go up. most republicans say they will support the deal. a vote in the senate could come saturday. >>> a major disappointment for g

senator bernie sanders, an independent from vermont has been speaking virtually nonstop, just one break, since 10:25 this morning. reading passages from books and articles. and winning a stamina award of some kind. >>> there was drama inside an outside a courthouse in salt lake city today where jurors convicted the man who kidnapped and abused 14-year-old elizabeth smart and rejected his claim of insanity. and after brian david mitchell was found guilty, elizabeth, now 23 years old, talked about what it means to her to see this verdict after more than eight years of waiting. mike von fremd has the story. >> reporter: this courageous 23-year-old woman was unafraid to confront the man who she says put her through nine months of hell. she was taken by knife point when she was just 14 years old. >> i'm so thrilled with the verdict but not only that, i'm so thrilled to stand before the people of america today and give hope to other victims who have not spoken out about their crime. >> reporter: in his prison jump suit, brian david mitchell sang hymns loudly as the verdict was read. elizabeth

. >> reporter: vermont independent bernie sanders is vowing to filibuster the bill. >> well, i'm going to do everything that i can to oppose it, because i think it is a moral outrage. >> reporter: the president today said the democrats' criticism reminded him of the health care debate when progressives said that because the bill did not meet certain expectations, it was a failure. >> if that's the standard by which we are measuring success or core principles, then let's face it, we will never get anything done. people will have the satisfaction of having a purist position and no victories for the american people. and we will be able to feel good about ourselves and sanctimonious about how pure our intentions are and how tough we are and in the meantime the american people are still seeing themselves not able to get health insurance because of pre-existing condition. >> reporter: and diane, president obama also had a message for his, quote, democratic friends. "let's make sure we understand this is a long game, this is not a short game. look at what i promised during the campaign. there

is of course some democrats are vowing that they're not going to vote for this we had senator bernie sanders saying that you know even if it takes a filibuster they will go for it and then we have larry summers who again is out there fear mongering saying that if democrats don't vote for this deal right now then we are for sure going to see a double dip recession in the markets are going to freak out is the exact same warnings that we heard right before tarp right before we bailed out all the banks so i mean does he have some teeth here or is he really just trying to freak people out again oh i think it's very likely we're going to double the percent. and anyway if you look at how the housing market and housing prices are going down the housing market's going off a cliff again and they don't seem to have a lot of policies ready to deal with that and certainly no political will in the administration thus far to actually deal with the foreclosure crisis which is what is pulling housing prices down and the rest of the economy is going to follow housing prices so i think we have a serious proble

host: not surprisingly, bernie sanders has reacted strongly to the data. he wrote on december 2 on the huffington post, "a real job dropper at the federal reserve." let's go back to phones. this is edgewater, md., maggie is a republican. caller: this is absolutely ridiculous, the amount of money that has been spent -- you know, giving it to these banks. we have people in this country that are starving. that cannot have jobs. we need to take that money for one year and give it to all of those people. we could have even taken half of that money that was given to all the banks and give it to these people. but we keep wasting money and throwing it around and no one seemed to care, especially those in congress. host: next is indianapolis, ted is an independent. caller: i think this is quite overblown because these are actually overnight loans, for my understanding. merrill lynch, for example, to have $2 trillion, but that was for 200 separate overnight loans. host: that is correct. those were seven hunt -- several hundred loans in that instance. thank you for c

. >>> while that was going on, vermont senator bernie sanders fought against it. with a speech lasting eight hours. >> you recall what i'm doing today. you can call it a filibuster or a very long speech. sounds like a good idea for working people. it's actually a bad idea. >> again, it has to be put within the broad context of what is going on in america. >> the senate is expected to approve the tax cut bill early next week. most democrats in the house are refusing to support it because it extends tax cuts for the wealthy. the sale of 24 state owned buildings has been given state approval. about half the proceeds will to help pay down the deficit. most of the office space will be leased back to the state. critics argue that the deal will cost taxpayers more in the long run than it would have to keep those buildings. >> in san francisco, a police officer shot and wounded a man who investigators say refused to stop drinking in a park and put up a fight. it happened yesterday afternoon in garfield square in the mission district. they say the officer approached four m

no the companion bill in the house in the senate for ron paul was introduced by bernie sanders socialist over here with the libertarian say we need to bring you know some sort of oversight to the fed now there is a lot of suspicion i think particularly the left as long sit in suspicious of the fed basically being a front for wall street you know and i think some of these things we've seen that have come out really raise some questions over whose interests are they looking after all streets are main streets but i think you're going to see a lot of pushback from the center i mean i haven't yet seen i mean i think the progressive it was from the libertarian right have bought onto we need to bring some transparency to the fed now there's still some differences over monetary policy questions about you know the value of the dollar and inflation it doesn't look like to me the center actually the centers upset the centers kristoff but whether there's a full you know we need to restructure the fed you know i don't think that's there yet i think if you actually you'd be interested the poll that wa

south carolina jim demint tried to make the current 0% estate tax and tax cut permanent and bernie sanders wanted to raise income taxes and estate taxes on wealthiest americans. all three measures were killed to protect the president's delicate compromise with the republicans. mr. obama again called on angry democrats who oppose the deal to get with the program. >> we heard to negotiate an agreement a win for middle class families and a win for the economy. we have can't afford to let it fall victim to delay or defeat. >> reporter: 27 centrist democrats you remembered pelosi to hurry up and pass the bill. "act to send it directly to the president's bill without delay." some house liberal want changes to estate tax provision and worry the 2% payroll tax holiday hurts security. pelosi postponed debate until thursday and instead focussed on repealing "don't ask, don't tell." >> let's make america safer. >> reporter: as they juggled host of issues, senate democrats hit accelerator. >> ewell a be in session this sunday. we hope we can complete what we have to do here. a day or two after saturda

title and here's what some of you had to say creep us gigantic straight at his word to us he said bernie sanders for his amazing eight a half hour feel a burning on the senate floor pauline murphy thirty argues that it should be a sauna in the last few months of this year he's done more to become part of our consciousness than most and on you tube nerdy liberal has an opinion on who should have won he says you know who the person of the year should be the koch brothers they poured millions into the midterm campaigns of the tea baggers and were a massive influence on the turn of the political tide now on facebook here's one of my favorite responses personally claudia green is torn so she gave us her top three she said julian assange max kaiser and of course a lot of in coffee that's me right here are you guys thanks as always we appreciate your feedback and here's our next question is considering changing how its residents view pornography they're considering blocking pornography sites and if you want to be able to view them you have to go through an opt in process now the government thinks that

bernie sanders will say it should be the highest earners who don't get the benefit. the big vote probably in the 1:00 hour. >> the following hour you are looking at action on the s.t.a.r.t. treaty. >> a nuclear arms reduction package has been hanging over the senate. it doesn't work like typical legislation. it can be brought forward without all of the votes. republicans are saying they would like the entire thing read on the floor which could take ten or 12 hours. their main objection is they don't think they should be asked to consider something so important for national security at the same time they are figuring out spending measures. they think they are being rushed. the democrats say no, it needs to get done. we expect that to be an unexpected development of the reading of the s.t.a.r.t. treaty. some real tension over that. >> we are going to talk more about the spending bill that arrived in congress and the earmarks stuffed into that later this hour. if congress gets through all of this tax cut rigamarole, my big question, should overhauling our tax laws be a

i understand that bernie sanders anger but i also see the reality and the genius of the tax deal. james is joining us from greenville, north carolina. our democrat's line. caller: thank you for taking my call. this thing about giving this 2% tax cut. but with the loop holes that takes it down. with the tax cut that makes them pay zero taxes for ten years. they don't need another tax cut. but i agree that's a pretty good compromise. the only thing, the problem with the compromise is that you left the unemployment out. if you're going to worry about 2 million people, what about 5 million already lost the unemployment? what about those folks? you know, the thing is that the problem is greed at the top. we'll never get anything solved if we continue to think that the wealth is going to trickle down to hit the people at the bottom. that has not worked for ten years. host: your comment. guest: well, i think that, again, i think that you get back to you talk about sort of giving the wealthy money and speaking as if it's sort of a give-away for the wealthy and it's problematic because it

vermont's bernie sanders an independent took to the senate floor at 10 7:30 eastern time and launched -- at 10:30 eastern time and launched a filibuster. >> not a procedure type like we've seen. we're talking old school talk till you drop filibuster. he didn't stop until 7:00. 8.5 hours. here's a sample of what he had to say. >> i want to reiterate this point, senator if i might. and i'm not here to pick on george w. bush but during the presidency, his eight years, the wealthiest 400 americans, those are pretty high up guys, not the middle class, no matter how broadly you define that, their income more than doubled. got that? while their income tax rates dropped almost in half. the wealthiest 400 americans now earn an average $345 million a year and pay an effective tax rate of 16.6% on average that's the lowest tax rate for wealthy individuals on record. so the point is, senator landrieu and i'm talking about people out in the related world working longer hours for low wages, median family income has declined. people are scared to death that for the first time in our modern history t

. >> while that was going on, vermont senator bernie sanders fought against the tax cut compromise with a marathon speech in the senate lasting more than eight hours. >> you can call what i'm doing today whatever you want. you can call it a filibuster, you can call it a very long speech. sounds like a good idea for working people. it is actually a very bad idea. again, it has to be put within the broad context of what's going on in america. >> the senate is expected to approve the tax cut bill early next week but most democrats in the house are refusing to support it because it extends tax cuts for the wealthy. the city of san carlos which just turned over all police duties to the sheriff's department to save money is getting a rude awakening. as vic lee explains, a 30-year-old cost-sharing agreement for the fire department is not working out. >> san carlos and belmont merged their fire departments in 1979 to save money and improve service. >> you're sharing a fire chief, sharing battalion chiefs, sharing administration. >> both were able to he will eliminate a fire station. >> it start

but people like bernie sanders, michael moore, george soros, they are never going to admit that it doesn'teally matter though. the writing son the wall. and most americans can read. and that's the memo. now for the top story tonight. the aforementioned dick morris purveyor of dick morris.com joins us now. you glee. you don't think the far left is dead. >> you are on a losing streak. i don't agree with you the last three shows. >> bill: i'm on the losing streak? who owes me 18 dinners? go ahead. >> when the left wins power, it loses momentum. when the left loses power, it gains momentum. the left survives from losing. they elect bush, the war on terror, he gets eelected. and suddenly they are empowered because everybody is mad at bush over the war in iraq. >> bill: what you are saying is when there is a reason to protest like in the vietnam war. the war in iraq. then the left rises. but i submit that their standard bearer, barack obama, who gave them a lot of wind in the sales now has abandoned them basically. >> yeah. but that's great for them. as soon as obama got elected the left went in

. >> i would have much rather be handed off to bernie sanders, frankly, but the only other thing i canay without totally agreeing, obama seems to be a very confident guy. it's hard for me to imagine someone else with that type to have security. >> at least he didn't send bill back to deal with it. that would have been another opg. >> to go to the white house rhetoric, we have a communications problem. people don't understand us. that's why we have an issue. how does bring ng a former president which diminishes the president, how does that make for better communications for the obama white house? >> it makes for worse. admitting you have a problem doesn't solve your communications problem. it's possible to have both the policy problem and communications problem and another thing, i don't think your average voter like wants to hear about communications problems or solving them. they just want to hear about the policy. if clinton does a better job than obama explaining the policy, that's one thing. i'm not sure that happened. what we saw was a weird, weird dynam dynamic. i criticize washi

bernie sanders, the senator from vermont had it inserted and.... >> brown: he was one of the ones who spoke out quickly. >> very much so. he points out the international issues of international banks benefiting and just the sheer scope of this lending that happened without a lot of oversight at the time. we now have a great deal of insight into what this lending was. at the time it was a black box, kind of a mystery. >> brown: now, $3.3 trillion or so. when you put it all together, the emergency bailout funds, where do things stand now in the fed says it's not going to lose any of that money? >> that's right. all these programs were break even and most of them made money. so the taxpayer did not end up losing money. we're not on the hook, you and me. that said, it was exposing the tax payer to a lot of risk. they were taking... they were propping up companies that many of which might have failed otherwise and so the taxpayer definitely puts money at risk in order to make that happen. >> brown: of course it comes at this time when the fed is again under the spotlight, right? with this

joining us in the exchange tonight, senator bernie sanders of vermont. it was his plan that required the fed to go public on all its emergency lending. senator, thank you for joining us. congratulations. you are in many respects a true american hero tonight. you have revealed $9 trillion in taxpayer spending. how does that feel? >> well, i think, eliot, what we have begun to do is lift the veil of secrecy at one of most important agencies and that is the federal reserve, of which the american people know very little. and i think what you are seeing is the incredible power of a small number of people who sit on the fed who, in my view, have incredible conflicts of interest getting incredible help from the taxpayers of this country, while at the same time ignoring the needs of the people who bail them out. >> senator, let me go back for a second. i just want the public to understand, you asked chairman bernanke, chairman of the federal reserve bank, at a hearing about a year ago, perhaps more, if he would reveal the magnitude of the loans and who the recip

. >> reporter: liberals like senator bernie sanders argue extending the tax break for upper income bracketsmake the soaring deficit even bigger. he is pushing democrats in the senate to reject the plan. >> i think we got three weeks left to this year and i think you got the american people behind us. >> reporter: democrats in the house say the president caved in too quickly to republican demands. they are insisting on changes to the tax cut deal. but it's not clear how big those changes need to be. >> hello, everybody... >> reporter: the president spent the week pressing congress to pats agreement. >> in agreement would boost economic growth. >> reporter: top white house aides are confident it will go through. >> i think it will get done. >> reporter: time is running out to strike a deal that the democrats will sign off on. if there is no agreement before new year's, everyone's taxes will automatically go up. most republicans are keeping quiet, but their leaders indicate they will support the deal. a vote to in the senate could come as early as saturday. >>> think tuition hike protests are

we know bernie sanders is against cloture on this at some point. they are just three votes short.overage continues next with "the dylan ratigan show." dylan is talking to congressman charlie rangel. it's his first msnbc interview since his censure. i'll see you tomorrow on "the daily rundown". the right. to the right. >> go to the right, go to the right. >> whoa! >> whoa! >> what is that? >> man: well, that's a, uh... i don't know. >> whoa. >> can we call him blinky? >> woman: expert teaching. deeper learning. together, we are the human network. cisco. ♪ [ male announcer ] there are billions of people in the world. ♪ but only one dad. ♪ show him how much you care with gillette's family of products. ♪ [ male announcer ] there are billions of people in the world. ♪ but only one dad. ♪ show him how much you care with gillette's family of products. ♪ hey tough guy, that cold needs alka seltzer plus! it has the cold-fighting power of an effervescent packed in a liquid-gel for all over relief! hiyah! dude! if you live for performance, upgrade to castrol edge advanced synthetic oil. with

the other 10 are liberal democrats the usual suspects like bernie sanders and patrick leahy of vermontthe opposition comes of course from the far left. and with yet another crushing defeat, the question is, can george soros, aryana huffington, the "new york times" and nbc even survive much longer as credible enterprises? it's clear the country has turned against the radical left even obama figured that out. howard dean's current take on the tax compromise illustrates that. >> this is inside washington deal. washington politicians like it but they are not really telling the whole story to the american people. in order to get out of this deficit, which is really bad and accumulating over 10 years are, we're going to have to limit the growth of social security. limit the growth of medicare. cut defense and raise taxes on people who make a million dollars a year. you have got to do all of those. >> bill: dean is now speaking the truth. wasn't it dean in his crazy far left crew that encouraged the huge spending in the first place? i believe so. now the former governor of vermont is moaning