next will be billy, the president of plaquemines parish, louisiana. he has served the people of plaquemines parish for over 20 years. if i am not mistaken, we met katrina? >> i have actually only been in office 3 1/2 years. i as still there. plaquemines, but was a volunteer. >> i think we met some of the folks from plaquemines parish when we were down there and saw the imppct that katrina had on the community down there. and you will discuss the 3 spill on your community and your local businesses, et cetera. and last and certainly not least least, we have mark cooper, who is the director of of disaster preparedness. goad. >> good morning. i am the mayor of grand isle. i am on my seventh term, three terms as mayor. + grand isle is about 60 michaels southeast of new orleans. it is the only inhabitted barrier island in louisiana. most of the residents in grand isle or coastal regions are small independent fishermen or employed by the oil and gas industry. most work seven days on and seven days off. we understand what it takes to get a job done because ou

we don't need to have voter intimidation with new blackk panthers out there with billy clubs and a justice department that would can sell a prosecution that was open and shut. where could you better send a message than putting the people that are the new black panthers that are clearly guilty under the heaviest penalty allowed by law. this is all part of the character and the makeup of this administration. this administration who plays the race card, this administration who defaults in favor of whichever minority they think might be the one that would most likely support their political party and their agenda. i point to the new black panthers, i point to the president's remarks on the mother and the daughter going to get ice cream in arizona, i point to the justice department can selling the prosecution, the open and shut case, by then almost closed case of the new black panthers in pennsylvania, philadelphia, of the city, their municipal referendum on no partisan elections in kinston, north carolina, the failure of the justice department to investigate acorn and the fact that the preside

. >> billy, here with us here on the mighty 690.o them how long ago he went to the coast guard, when to bp, went to the corps of engineers with this concept and what has been holed up to be able to build these barrier islands back. >> we have heard everything from the cannot do it in the timeframe that you say to able have environmental impact. it is too expensive. all the excuses. that is all we have been hearing. show me a better plan. the bones are not working. we are killing ourselves sterling band-aids on these marshes -- the blooms are not working. we are killing ourselves throwing band-aids on these marshes. >> billy, when you look at the plan, this is something that has already been vetted by the corps of engineers. why the holdup? >> it is easy to point defeat -- a finger and say it is the fault of bp or tte coast guard. i cannot even understand, especially since the last attempt failed, that bp has not stepped up to the plate and said we are going to do the right thing. it cannot be cleaned up off of the marsh. the marsh -

billy, you for the man. billy, we love you. i saw that and thought that seem so long. we needed a rallying cry. my wife just said not drill, baby, a drill, stretch, baby, stretch. i said that is it. a few minutes later, she said dredge dat. i looked better and said that is great. we went home and created a website. you go to dredgebabydredge.com and you can donate an part of the proceeds will go to the united commercial fishermen's association which was the association that was helped by gulf aid. part of the aids by t-shirts and bumper stickers urging part of the proceeds -- part of the proceeds could to t-shirts and bumper stickers so people can see the image and feel an emotion about what is going on. just an image and emotion. i thought about the the we see in that state bird which is the brown pelican which is affected right now. the we stand is referred to as the pelican state. imagine a mother pelican with her red wings outstretched protecting her babies and having loyal falling down. -- having will come down. >> this is what we came up with. a good friend of mi

billy, you for the man. billy, we love you. i saw that and thought that seem so long.needed a rallying cry. my wife just said not drill, baby, a drill, stretch, baby, stretch. i said that is it. a few minutes later, she said dredge dat. i looked better and said that is great. we went home and created a website. you go to dredgebabydredge.com and you can donate an part of the proceeds will go to the united commercial fishermen's association which was the association that was helped by gulf aid. part of the aids by t-shirts and bumper stickers urging part of theroceeds -- part of the proceeds could to t-shirts and bumper stickers so people ca see the ima and feel an emotion about what is going on. just an image and emoon. i thought about the the we see in that state bird which is t brown pelican which is affected right now. the we stand is referred to as the pelican state. the pelican state. imagine a

different salesmen. 2,500 salesmen come in through the weeks, and billy can tell you, asking us. but i can tell you one thing. we are not going to give up. as of yesterday, we are bringing barges through our town. i am going to be meeting tomorrow morning in grand isle to make sure they know where to put it. every day i have a mom that comes to me and says mr. david, how am i going to get food to my kids? i have 37 applications right now standing by at the community center as we speak that is still waiting on a $5,000 check. you get a deck hand on a boat that gets $2,500 maybe, and a boat owner waiting 0 a cohen. you have a marina waiting 0 a check. right now the water bill is $5,800 at the city hall. the shrimp dock is a ghost town. the booms don't work. in a major pass, the booms don't work. mr. senator from florida, this is a wake-up call. what we went through seven weeks ago, you are just opening your eyes this morning. we need some help. we need y'all to push. we need some money down there. and the last thing, our people don't want a free check from the government. our peopl

the combinedlean and econic costs of the gulfil ill are currently estimaed ound $17 billi. so in term of econom dmage th bill could actually cost more than cleaning u the entireess in the gulf. that'srue, small businesses are having greifficty geing loansso are ho buyers . why is that? publisector borrowing has crowded out the public pool th wou otherwise ve bn avaiable to make private sect loans to smal busine and homebuyerand consumers. under thisdministratiod this congrthe governnt isrunnina $1 trlion annual deficit. that'roughly $20,000 r every family four in america. ll, wre does that money co fro ll, we borrow . from wh dwe borw ? well, we borrow from the same capital pl that wou otherwise have been availabl to loan to sll business and her emplors sking to add obs or loan to homebuyers seeking tre-ent the housing market or loanfor coumer purchases. remember 2/3 oeconic gwth depends upon the coumer purchas. but that monenow is n availaeo lone tomployers to expanthe onomy becaus ernment has now boowed it inrder to expand government. th is corof the proble now, i'd offer

i also want to ask a question -- billy, you have had experience both in the environmental community, you also know something about the oil and gas industry. could you please juss, a minute on the importance, or lack thereof if that is your view, of a balance here as we move to clean the oil, contain the oil, get it off of our march, but how we have to do that recognizing that half of our family fishes, the other half is in the oil business. >> absolutely. oil drilling affects a lot of our people. it is going to be a double whammy. the business community in south community came up with 866 man plan, and we presented it to -- with us 66 man plan, and we presented it to the president. 33 men go on for seven days and the other 33 go on the next seven, you swap out. i have spent hundreds of nights offshore in the oil business. the company man has an agenda. he has to work that rick. he has got to make a buck. that is a dangerous situation. we saw this catastrophe. it is not the first time there were disagreements about the mud and what is going on, is it safe or unsafe. i have seen in the

he represented billy hayes, remember the famous "midnight expre express" case?ft uragancho makes the turkish prison hayes lived in looks like a resort it is profiled in national gee graphic's world's toughest prisons which airs on that channel next wednesday night. watch. >> luragancho is one of south america's toughest prisons. conditions are appalling. built for 3600, it now houses nearly 10,000. >> in peru, officially, we assume that criminals had a second chance and they have to be rehabilitated. but the reality, it is not normally like that, because we don't have enough phones, we don't have enough money and budget. >> with mass overcrowding, lurigancho massive cell block blocs can easily explode into civil war with n 1986, in just one day, 124 prisoners died. with only 100 guards to police 10,000 criminals, the security is turned over to the inmates. >> larry: peru is a civilized country, how do they put up with it? >> they are one of the poorest countries in south america and they don't give too much money for the prison system, larry are. >> larry: is th

this is billy. billy is a fist down. he is offering an opportunity. he is from louisiana. we just spent a couple hours looking around, the rich, the barges. we were looking at some areas that had been foiled -- oiled. he has some expertise, and i wan to thank yo -- i want to thank him very much. he had to have his 15 minutes of fame. a great day today. kind of an interesting day for me. i just a bicameral meeting of legislators in congress. i talked about some of our current issues, which are vessels of opportunity, how to best take advantage of their expertise, and a control structure to get the massive affects from the efforts on the water. if you are out in these boats and you see what is happening on the barges and the stream flows, you would know the people in louisiana -- and the boats, you would know the people in louisiana take it seriously. they still have their passion to work with us, and we are happy. we need everything where it is that, and we cannot move things around anymore. everyone needs to be ready for the oil to come back. we have to keep bringing reinf

we'll talk about that with billy nungesser president of plaquemines parish.and a revision on the oil flooding into the gulf. should anyone believe the numbers? we'll look into it. larry, top of the hour. >> larry: unbelievable. old friend, congressman, ed markey, chairman of the energy and environmental subcommittee, chief executives from five major oil companies including bp testified before his subcommittee earlier today. and from baton rouge, louisiana, keith jones, his son gordon only 28 years old, was one of the 11 people killed in the deep water horizon oil rig explosion back on april 20th. what did you think of the president's speech, ed? >> i thought he did an excellent job. he laid out a battle plan to -- to ensure that the well was plugged. that there is a response that is put in place so that the oil is -- sopped up, so that the people who have been harmed are compensated, and he -- he then laid out a battle plan for a renewable energy agenda for the future. wind, solar, biomass, geo thermal, plug-ins, hybrids. he laid out the two things the americ

you represented billy hays, remember, the famous "midnight express case" and he says that makes the turkish hays lived in like a resort. it is chronicled in his show which premiers next wednesday night. >> reporter: this is one of the toughest prisons. conditions are appalling. built more 3600, it now houses nearly 10,000. >> in peru, officially, we assume that the criminals had a second chance, and they have to be rehabilitated, but the reality unfortunately is not normally like that, because we don't have enough funds. we don't have enough money and budget. >> reporter: with mass overcrowding, the 21 cell blocks can easily explode into civil war. in 1986, in just one day, 124 prisoners died. with only 100 guards to police 10,000 violent criminals, the peruvian prison service turns power over to the inmates. >> larry: michael griffith, peru is a civilized country, and how do they put up with that? >> well, they are one of the poorest countries in south america, and they don't give too much money for the prison system, larry. >> larry: is that the only prison in lima? >> no, there is anothe

if a parish atperbl tells me he is not happy what told charlotte, michelle, billy, craig, steve, if youave something and you are not feeling you are getting a response, call me and i will make a call. now, i did call in and talked with rahm emanuel at the white house and now that i have had the meeting with thad allen and with lisa jackson, i think -- i'm trying to find a balance on the deep water drilling between spill, baby, spill and drill, baby, drill. we've got to make sure that there is a conscious effort for safety. we can't have this happen again. but at the same time the economic impact down here in this region, i think it will devastate louisiana's economy. and we were one of the bright spots in the economy. we we have had the lowest unemployment rate for probably two years. so, with fishermen out of work, marinas and ice houses and shrimp processors and if it wouldn't be for the stuff going on here because of the spill all the marinas would probably suffer. and i don't think johnny, because of his location, is probably doing better than the rest of them. but that doesn't take

insurance and i don't want to be too eser here, but basically people involved in keeping i run-up heaven billy-- real been punished and i don't thk you have to meet out punishment, but if i am running that kind of an organization, i think my sort of pragmatic dgment is we should get back tohis whole thing quickly as we can. the rating agencies are another issue. we have had a session on that that alex design. i am amazed that they have the chutzpah to start offering greetis. today they just downgraded greaserom triple-a aaa to trle the. that franchise needs to be dissipated, and i hope congress will do that. so yes, and i'm glad you brought that up because as we all finied, inerms of what the official resnse has been to this whole pisode, it is not in my mind very encouraging that we won't see it again. >> bill that was the political question. >> well, just to pick up on one thing that i think will have a huge impact and would have prevented a big part of his bubble is the securitization skin in the game, which is principle on the senate and house side that if you are going to securitize, bund

ingrid bergman and bette davis, baseball legends babe ruth and lou gehrig, singers ella fitzgerald and billiee one thing in common besides their greatness. >> roesler: we're a business agent for about 250 entertainment, sports, music and historical clients. but most of those are deceased. >> kroft: dead >> roesler: dead. >> kroft: they're working stiffs. >> roesler: i guess you could say that. >> kroft: you could call roesler's business a william morris agency for the departed, the c.a.a. of the d.o.a. it's called c.m.g., and it's headquartered far from the glitter of hollywood in an office park on the fringes of indianapolis, distinguished only for the orange wind sock for roesler's heli-pad and his green bentley. inside is a multi-tiered office lined with memorabilia from his departed clients. first stop, a suit worn by one of the blues brothers. >> roesler: i've represented the family of john belushi-- his widow, judy-- for almost 20 years. >> kroft: it is all tastefully done, and quiet as a morgue-- a shrine of sorts for legends whose time on earth has ended, but whose career still has a

i remember when his beloved billy died, he was crushed. he wasn't afraid or ashamed or embarrassed to express a love and compassion he had and the companionship he felt with his dog. that's a common bond of a lot of people here in the united states but also west virginia share. so with senator byrd's passing, west virginia has truly lost a favorite son. the united states senate has lost an icon. and as any senator will tell you, senator byrd served as a tremendous mentor in passing on senate procedure to newly elected senators. in many ways, senator byrd was an institution within the institution of the senate and the senate will not be the same without him. i will miss senator byrd's passion and ardent defense of our nation's constitution. he was one of a kind and i feel privilege to have had served with him. i'll never forget the advice he gave me when i first sought his counsel when i went in in my first year. i he said, shelley, you need to be a work horse, not a show horse. he will be remembered as a work horse and also for his dedicat

single source of rue for the state of flori eliminating 195,000 tourism-related jobs and elinating 10 billi dollars of tourist generated economic activity in flora one. i see our colleague from coloro, mr. polis, is on the floor, a i yield to him. mr. polis: thank the gentleman from virgia. is disaster great proportions is indicativef dereguti and the influence of the specialntert in the oil industry and the prevalence othose interests withinhe bush administration embedded into the regulatorystructure. these ierests within the dertntf the inteor foughtooth and nail with secretary sal czar's attempts to bring- salazar' attempts to bring bk oil and gas stry. they fought with claims of vere economic hardship. well, as the gentlen om virginia talk about, i think the people of the gulf coast will be experiencing severe economic hardshiuch worse than athing that these oil compies are worriedbout. all actors involved with is unmitigated disasterave take stepso try to limit theiow liability b.p. ansocean have tried to spread theiprits amongst sharehlders. they'vbeen giving dinds. they're trying to

it will put us back on track so that our economy can grow, businesses can create does billy needed jobs, and families can secure credit. -- can trade and desperately%+ needed jobs, and families can secure credit. >> the problem for the fed was what the democrats were willing to accept was not legislation that allow them to be leverage the portfolios. mr. showbiz legislation effectively -- -- mr. shelby's legislation effectively -- [unintelligible] >> [unintelligible] >> i suppose that we are using the titles of the senate restoring the financial stability act of 2010. considering the sweeping nature this is the most important financial services conference committee since the gramley said bliley act of 1999. i fear deregulation would have negative consequences. i voted no. i was right. the financial crisis legislation we have drafted has made clear the important role of the financial-services industry in the lives of everyday americans, rich and poor, homeowners and renters. this provides us with the attorney to use public policy to level the playing field, be fair, and not to benefit su

when i told charlotte, michelle, billy, gregg, if you have something in your not feeling you are getting a response, call me. i did call and i talked to rahm emanuel at the white house. now that i have had a meeting with pat allen and lisa jackson, i am trying to find a balance on deepwater drilling between that spill, baby still and a drill, baby drill. we need to make their -- make sure there is a conscious effort for safety. i think it will devastate louisiana's economy. it has been the lowest unemployment rate in the country for how long? probably two years. with the fishermen, marinas, tramp processors, -- shrimp processors, i don't think johnny's location is doing better than the rest of them. it is like a ghost town. from memorial day onward as when they usually make good money. you have shrimpers' not making money, restaurants are not making money, the grocery stores. >> all right, congressman. we have got to go. >> what about thad allen? >> is mostly getting updated on the way they are. i need to know that he is feeling better. if he is feeling better, i am feeling good. it is n

thisonclusion from "the wall street journal" -- billy is joining us from north carolina. good morning to you. democrats line. caller: thank you for taking my call. i think -- more control over israel -- that will almost of the wor's problems. china will do more for north rea appeared we can't go round and say that israel can do what they want and then want everne el around the world to play by the rules. when the u.n. tells them anything, they don't do it. i've got nothing against israel. i really don't. they are an allyo us. but israel isot a part of the united states. it is not first over the interest of us. that is whe we are using our soldiers. if we are not careful, they will ha us in world war iii. this is real people, the jews are great people, but only the big time ones at control all ofhe finances here in america and i think it is very dangerous. if you look in the hr, in the government, even the supreme court or what ever, it is disproportionate pro israel. host: the supreme court is predominantly cathic. caller: they have three is a row jews, have nothing again

this conclusion from "the wall street journal" -- billy is joining us from north carolina. good morning to you. democrats line. caller: thank you for taking my call. i think -- more control over israel -- that will almost of the world's problems. china will do more for north korea appeared we can't go round and say that israel can do what they want and then want everyone else around the world to play by the rules. when the u.n. tells them anything, they don't do it. i've got nothing against israel. i really don't. they are an ally to us. but israel is not a part of the united states. it is not first over the interest of us. that is where we are using our soldiers. if we are not careful, they will have us in world war iii. this is real people, the jews are great people, but only the big time ones that control all of the finances here in america and i think it is very dangerous. if you look in the hour, in the government, even the supreme court or what ever, it is disproportionate pro israel. host: the supreme court is predominantly catholic. caller: they have three is a row

. >> i am a fan of view, billy. >> i want to know what you' think success looks like in this election? and in the next two years after that and in the next five years, which you spoke about? it's a sime question, but what is the goal st? what does success look like? >> at the daily kos, illinois or in the minority, armada was more democrats. once we were in the majority, armada was better democrats. success in november, at this point, we're fighting a defensivbattle. the climate is against us. we have an administration that seems more worried about inflation and jobs reports. it is challenging and thankfully bt backers are giving us lifeline and we will take -- thankfully the tea baggers are giving us a lifeline. they're convinced they will take the senate and house. if it can hold our losses than we have won a big victory because they have set the expectations. . >> we need those people to be of the better kind. >> i think three things for success in the short term -- one is a baaanced tally. we cannot afford to lose the majority. we just cannot. speaker owner keeps me up at night. o

they were there in paramilitary uniforms, including berets, standing in front of polling place with a billy club in their hand, intimidating voters that came in calling people crackers and other intimidating components of language. we've seen that video on youtube. this is the most open and shut voter intimidation case in america. i'll say in the history of america. because we didn't have a voter intimidation law until the civil rights act was passed in 1965. so this article written by christian adams who is -- has just resigned as an attorney. he's a lawyer based in virginia, served as a voting rights attorney at the justice department until this month. so we have jay christian adams wrote this article into "the washington times" and mr. speaker, i'm going to speak to put it into the record. on the day president obama was elected, armed men wearing the black berets and jack boots of the new back panther party were stationed at the entrance of a polling place in philadelphia. they brandished a weapon and intimidating voters and poll watchers. after the election, the justice department broug

he talked a lot about his dog, billie, who he loved very much.he told us the story about a man named vest, george g. vest, who was to become a united states senator later. and i'll read what senator byrd said. he said at the turn of the century george vest delivered a deeply touching summation before the jury in the trial involving the killing of a dog: old drum. this occurred, he said, i believe in 1969 -- excuse me. 1869. there were two brothers-in-law both of whom fought in the union army. they lived in johnson county, missouri. one named burton, owned a dog named old drum. he was a great hunting dog. i'm quoting senator byrd. any time that dog barked one would know it was on the scent of a raccoon or other animal. a man raised live stopl and -- livestock and some of his calves were being killed by animal and he vowed to kill any animal that appeared on his property. someone said there is a dog in the yard. hornsby said shoot him. the dog was killed. the man didn't take it lightly. he went to court. thefs old drum -- this was old drum who was

. >> there seems to beat everyone of these attempts at stopping billy, -- there seems to be with every one of these attempts at stopping the leak, there seems to be another plan already in the works. >> there always was based on the type of cap that will go on the riser. it was predicated on, for lack of a better term, the smoothness of the cup cucut. there are several of them. i'm told they're moving ships over the wealth. the cap will be moved in slowly to ensure that the high grade problem that we encountered with previous attempts will be minimized. and there will continue to be contingencies on what happened. i do think it is important to understand there is one permanent solution, that is, a relief well. i think one of the things that we have certainly already taken from this is that you have redundancy in the system. that is why we asked them to start drilling the second well. there is a host of different scenarios. >> part of the defense on the joseph s. nycessnite matter is t these were three paid positions by the deputy chief of staff. the credit was not a job offer. it was n

just to read the numbers to you in o2 there were $200 billi of securitized subprimal and alt-a jumbodebt outstanding by the peak five years later, only five years later, it was one play $8 trillion. the she of the total mortgag outstanding it went from about 4% ostanding in 02 to abot 16% five years later. a banker once told me that if it's growing like a weed it is probablya weed. [laughter] and this was strongly argued we have to moe tightly regulate at our origination. and through this in the context of the congressman proposal oly to plan now that the lv is only one underwriting criteria. there are many, and if ou regulate the ltv and on' regulate all underwriting criteria the banking systm will adjust, and we will get those other criteria blown out. so it's very important to regulate better across-the-board, and therefore one final point that's why im always suspicious or nervous about a rule that is focused on a meaure that is hard coded because the system is very flexible and we will figure out a way around anything that is hard coded. with that, i will stop. >> thanks, mark.

. >> i am a fan of view, billy. >> i want to know what you'd thinkuccess looks like in ts election?ndn the next two years after that and in the next five years, which you spoke about? it's a simple question, but what is the goal post? what does success look like? >> at the daily kos, illinois or in the minority, armada w more democrats. once we were in the majority, armada was better democrats. success in november, at this point,e're fighting a defensive battle. the climate is against us. we have an administration that s more worried about inflation and jobs reports. it is challging and thankfully bt backers are giving us a lifeline and we will take -- thankfully the tea baggers are giving us a lifeline. they're convinced they will take the senate and house. if it can hold our lses than we have woa big victory because they have t the expectations. . making sure the kinds of people we elect to congress are actually the better kind, because i think we will have an opportunity to be more choosy. >> three things for success in the short term, one is a balanced tally. we cannot afford to

when she dressed down our generals in front of the cameras, as she displayed all of the destructive billyis so upsetting to the -- destructive a elitism that is so upsetting to the people of california. when she made a rare trip to california to fill her coffers, she said that are low approval rrting was because americans are grumpy about the economy. i think that is the first time barbara boxer it was guilty of %+derstatement. nearly 2.5 million californians are out of work, many of them for over six months. hundreds of thousands more have simply quit looking for work. there are boarded up storefronts all across california. there are food lines in our san walking in valley, and businesses large and small are leaving this state at record rates. do you remember, as i do, that barbara boxer voted for a so- called stimulus package that she vowed would reduce unemployment she has become so tone deaf about reality that she has deludeddourselves into believing thht the word "grumpy" actually describes the by big government bailouts and the failure of trillions of dollars of national debt. it is

what i have told charlotte, michelle, billy, what i stole -- right toasty, if you have something and you feel you are not getting a response, call me. i did call in and talk with rahm emanuel at the white house. now have had this meeting with thad allen and lisa jackson. i am trying to find a balance on the deepwater drilling. we have to make sure there is a conscious effort for safety. we cannot have this happen again, but at the same time, the economic impact down here in this region, and i think the state of louisiana was the economy. we were one of the bright spots in the economy. we had the lowest unemployment rate in the country for probably two years. with the fishermen now out of work, marinas and ice houses and trevor processors, it would not be for all the stuff going on here. i don't think johnnie is doing better than the rest of us because of his location. if you go to grand isle, that is like a ghost town. from memorial day on, that is usually when they make their money. you have the shrimpers, hotels, restaurants, grocery store is not making any money. and for the oil c

. >> i have been in talks with billy, telling him to take care of itself. >> he is working hard. chandelier we have been trying po get this done for years. i do ot know what the problem was. you haveethe corps of engineers. we needed approval from the corps of engineers. weeks. they got approval on part of it. >> still only one-fourth of the plan. i do not think they have even started dredging the sand. >> i do not know the problem. not knowing the long-term effects from studies, but as far as my side of it we have been saying this for years. why should we have to start new studies? >> when they said that we needed environmental studies and that the environment was being destroyed, we have got to set up a better chain of command. every time something is not happening no one wants to be accountable. things like this happening every day, even though the pressdent says he s have an, no one was to be in charge when things go wrong. we need to prrtect these places. >> i understand that. on the same token i caa understand the president's mission. just like with drilling. say go ahead a

. >> i am a fan of view, billy. >> i want to know what you'd think success looks like in this election? and in the next two years after that and in the next five years, which you spoke about? it's a simple question, but what is the goal post? what does success look like? >> at the daily kos, illinois or in the minority, armada was more democrats. once we were in the majority, armada was better democrats. success in november, at this point, we're fighting a defensive battle. the climate is against us. we have an administration that seems more worried about inflation and jobs reports. it is challenging and thankfully bt backers are giving us a lifeline and we will take -- thankfully the tea baggers are giving us a lifeline. they're convinced they will take the senate and house. if it can hold our losses than we have won a big victory because they have set the expectations. . >> orange is a beautiful. not so beautiful on the speaker of the house. we have to be willing to lose a couple of seats, the majority, but a few seats. we need to win the seats in contested districts. we need to win

spend a billion on high-tech high risk eney resrch, mmit $20 billi over 10 yrs for energy in private sector. it with taxpayer still angry for a bank bailout, why should u best taxpayer inst more into energy? guest: a great question as ou group came together from many parts of the economy -- nobody really from an engy or utility comny. we'reust trying to do wt is right for the country over l. we sawhr things. numberne, secury r the countr defense curity. anytime youre just -- pendent on just a few country for so mh for energy supplies, a billion dollars a da we nt overseas for and 's because, that is not sustainable. second, we s energy costs onl increasing over time. more and more dends on plet. so we need to find ways to ha lower cost energ that is also clee thd, we are dealing with major environmental issues. global warmingand just the resses on natural resources. fromur experience and creativity -- creativity we see in our coury around internet and biotechnology, this is the right timeoome together on a host: what was your response om president obama? and you also met wit congress