senator bernie sanders joins me next. the natural energy of peanuts and delicious, soft caramel. you up and keep you moving, whatever your moves. payday. fill up and go! experience this in your home with resolve deep clean powder. its moist powder penetrates deep, removing three times more dirt than vacuuming alone while also neutralizing odors at their source. it's a clean you can see smell, and really enjoy. resolve deep clean powder. don't just vacuum clean, resolve clean. >> eliot: when did the words "made in america" become a partisan issue? today senate republicans blocked the bring jobs home act a bill that sounds simple because it is. the bill would eliminate a tax deduction that exists for the cost a company incurs moving jobs overseas and instead give it a tax break to companies that return jobs to america. yet the republican superminority would not even allow a vote on the bill. this prompted an incredulous response from the bill's sponsor, senator debbie stabenow. >> what in the world is going on when we can't come together on the simple premise that americans should

joining me now is senator bernie sanders, independent from vermont. senator sanders, thanks for your time this evening. let me get this straight. a party that hates tax increases is willing to raise taxes on 98% of americans. can you explain that to me, senator? >> sure. these guys see that their function in life is to protect the wealthiest people in america. in america today, as you well know, we have the most unequal distribution of income and wealth of any major country on earth. it is worse today in america than any time since 1928. last study i saw between 2010 and 2009, 93% of all new partly cloudy went to the top 1%. middle class is shrinking. poverty sin creasing. what's the republican solution? oh, let's give more tax brauks to the very wealthiest people of this country, millionaires and the billionaires, and then lets cut programs that the middle class desperately needs, social security, medicare, medicaid. that's the republican proposal. >> senator, it turns out that the gop tax plan would actually raise taxes on the working class in this c

that weren't so oriented towards high end earners you would have and you could you argue that bernie sanders suggestion that everybody get three hundred dollars cash was the biggest piece of this this or at least wasn't during a speech and you could argue that the straight face now is by far the small ram is a good thing it just wasn't that big i mean you could have made the thousand dollars for every one that might have been better way to go i'm not in favor of tax cuts for rich people but the point is that you had to do something it was good to do something to stimulate the economy so the question is ok if we didn't have the taxes we just sat there and done nothing i think no doubt that recession been even longer and harder but could have done something better sure we could have had infrastructure spending we could have had a more you know the bernie sanders times five or whatever there are other things we could have done to stimulate the economy so you have to be careful so what would we have done had we not had the tax cuts and the answer is nothing or problem better off of the tax cuts

. >> eliot: good try chuck but no sale and vermont senator bernie sanders, my guest in a few moments had it right when he described what the act's defeat would mean. >> billionaires say look, it is great that i own an oil company. great that i own a coal company. great that i own gambling casinos. but gee, i could have even more fun by owning the united states government. >> eliot: gotta love bernie. 53-45 without a single republican vote. barbara boxer to ask the republicans opposition to this common-sense measure begs the question what are they trying to hide? >> for more on the disclose act's defeat, let's go to senator bernie send aers, independent of vermont. senator, thank you for joining us. >> my pleasure. >> eliot: a sad day down in the capitol when an issue the disclose act that goes to the heart of the integrity of our democratic process can't get 60 votes in the senate. what happened? >> well, essentially what happens is republicans know they got a good deal going. they have billionaires who are pouring millions and millions of dollars into candidates for the republican p

this is a new statement from bernie sanders here. that it is refreshing to see republicans, democrats, independents, all agreeing this looks lousy. >> it's one of those unfortunate side tracked issues where everyone is so pro-u.s. when it comes to the olympic games that you didn't expect to have this kind of a furor right before it. you do have bipartisanship here and they are happy to have the support of a major sponsor like ralph lauren. the usoc points out that unlike other countries that compete, it's all private money that makes this possible. and so ralph lauren used an outside company in asia to make these goods. it is something that's got people talking. it's hard to imagine there will be time to make a change now but, boy, they have made a lot of attention. >> we are the usa. anything is possible. we would like to believe. to your point as well, you can be unhappy that these uniforms are made in china. we can debate that. in the end, i believe we all certainly support team usa. those are two separate issues. we'll support ou

i would like to take the clip, send it out to every voter and say listen to senator bernie sanders. he's the one who gets it right time and time again. senator sanders as always, thank you for your time tonight. >> thank you eliot. >> eliot: only one group doesn't seem worried about climate change. the fossil fuel industry, of >>we talk a lot about the influence of money in politics. it is the defining issue of this era. the candidate with the most money, does win. this is a national crisis. and everyone likes 50% more cash -- well, except her. no! but, i'm about to change that. ♪ every little baby wants 50% more cash... ♪ phhht! fine, you try. [ strings breaking wood splintering ] ha ha. [ male announcer ] the capital one cash rewards card. the card for people who want 50% more cash. ♪ what's in your wallet? ♪ ♪ what's in your...your... ♪ if you have copd like i do you know how hard it can be to breathe and what that feels like. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open a full 24 hours. plus, it reduces copd fla

. >>> elsewhere last night on politics nation, vermont senator bernie sanders talked with host al sharptoning economists saying the gop's plan to create jobs won't produce any jobs at all. >> it is worse today in america than at any time since 1928. last study i saw between 2010 and 2009, 93% of all new income went to the top 1%. middle class is shrinking. poverty is increasing. what is the republican solution? oh, let's give more tax breaks to the very wealthiest people in this country. the millionaires and the billionaires. and then let's cut programs that the middle class desperately need, social security, medicare, medicaid, education. that in a nutshell is the republican proposal. >> don't miss politics nation, weekdays, 6:00 p.m. eastern on msnbc. >>> here's your "first look" at how wall street will kick off the day. the dow opens at 12,617 after stumbling 104 points yesterday. the nasdaq sank 27. overseas trading, in tokyo, neat kay shot down 122 points, while in hong kong, the hang seng lost 25. >>> bad news from apple after the bell was a fitting end to a dreary tuesday. apple tum

bernie sanders will talk about that.ator merkley is going to talk about the fiscal cliff and then harvard professor michael sandel what money can't buy. he's one of the great philosophers living today. >> cenk: all right great. looking forward to it. thank you eliot. when we come back, we'll talk about the fight that eliot had with maria. another criticism about the news media and how she handled it when we return. eliot spitzer joins the new news network. >>we don't stop until we get answers that are truthful, serious and not based on simplistic answers. 38 >> cenk: back in the day governor eliot spitter was the attorney general for new york. he used to be known as the sheriff of wall street. why? because he actually went after people who committed financial fraud. now apparently cnbc hates this. and he was recently on with maria bartiromo and they got into a debate about how he went after the former ceo of aig hank greenberg. i want to show you the clip and talk about her general attitude toward her job. so watch the c

and lobbied so hard they got the estate tax eliminated entirely in two thousand and ten senator bernie sanders pointed out yesterday that so far we know of twenty six billionaires worth over one hundred forty six billion dollars in aggregate who have already invested or committed to invest over five hundred sixty one million dollars in this election cycle most of it to defeat democrats who want to raise their taxes the good thing is that young people are waking up and realizing that the libertarian hustle the billionaires are feeding them is just that a hustle just like tea partiers are waking up to their having been had by billionaires who want to privatized the social security hopefully soon america will regain its sanity and will go back to viewing those cranky billionaires the way my dad's generation did as a republican president dwight eisenhower did when eisenhower referred to their ilk as small in number and stupid and not stupid anymore and if we really value american traditions we really must push back on this kind of power and influence in american politics for more information go to

and foreign banks sixteen trillion dollars at the time senator bernie sanders called it a clear case of socialism for the rich i mean i think that we all deserve to know about that don't you some people would say that they're concerned that audits are going to affect the pendants of that that it's supposed to be a political right well there's anything that we've learned over the last few years is that that is one of the biggest jokes out there what ben bernanke you do just last week when he testified on the hill he warned congress about the fiscal cliff he said that they have to act he was taking a political position how about bending rules when they see fit to help out the biggest banks you don't see that as a political position the truth is that the fed is very much a political body in america today and we should be able to know where that money's going especially when we're talking about amounts like sixteen trillion dollars but then this is where we need to call out the democrats both glenn greenwald and matt stoller pointed out to harry reid for example he used to support an art

why does bernie sanders think it is more important that the top 400 have more assets than the bottom 50% if we are wasting more in one year? guest: the $5.60 trillion is the number for the budget. waste is a difficult thing to measure. i don't agree empirically that that is the case. the number $5.60 trillion is a massive number which we don't have any capacity to understand what it means. i think it is much better to put these beings in the context of what percentage the federal government is the share of the total economy and it is below 20% right now. hobbit gdp is lower than it was during the bush administration -- the gdp is lower than it was during the bush administration. this story has been told about what we have seen in the wake of a recession is a massive increase in government. i think that is not borne out by facts. when you are talking about wealth, it is important to recognize that the bottom 30% of people in terms of wealth have zero net dollars of wealth. you have to get above that. 30% of society has no wealth. that strikes me as a problem. there is interesting poli

feeling to be here with my friend, dick lugar, to hear the kind words of my friend and colleague, bernie sanders, to know that other members of our delegation -- the other member is peter welch in the stand. but especially marcel and kevin alicia, and mark and their families, how wonderful it is to be here. i yield the floor. mr. lugar: mr. president? the presiding officer: the senator from indiana. mr. lugar: what a pleasure it is to be with my colleague, pat leahy, on this very special day. it was a great coincidence that the 13,000th vote and the 14,000t,000th should coincide. but what a joyous moment to be with my friend on this experience. i thank, once again, the leader, mitch mcconnell, of our party, and harry reid, the majority leader of the senate, for their very generous remarks about both pat and me, and i join pat in extolling the virtues of those who have made such a difference in our lives. my wife charlene, our four sons, our 13 grandchildren, our great-grandchildren -- these are very precious people who have made such a difference in my life, made it possible for me to have good

plus senator bernie sanders will help us make sense of it. this is "viewpoint."verwhelming majority of the county says: "tax the rich don't go to war." cucurrenttv stream media. >>overwhelming majority of the county says: "tax the rich don't go to war." >> eliot: congress and geithner locked horns today on libor. but will anything actually change. dennis kelleher from better markets will help us figure it out. you're watching "viewpoint." >> eliot: joining me again is dennis kelleher to help us recap this eventful day in our nation's capitol. one of the people who live in a box mitt romney. when sandy wyle came out and said we got it wrong. and then he's saying the regulation is bad. isn't there cognitive disdense that they'll have to look at where they are. >> this flood of news and information, you got libor going on. it will go on for a long time. the sandy wyle story is not going to go away. the counterattack on him has already begun. sandy is a big boy. he'll carry his message for a while, and it will resonate in this down. >> eliot: where are the counteratt