>> greg: he meant it wasn't bottom-up, it's bottoms-up. is depressing to drive you to drink. alcohol sales go up. it's not trickle up, it's trickle down and trickle all over the place. >> bob: the republican theory -- sorry, i thought you were finished. >> greg: no. it goes to a bigger question. oldest question in time. give a man a fish, he eats for a day. teach him to fish and he eats if arrest lifetime. the administration is giving away fish. change i the name of the white house to long john's silver. >> bob: are you finished? >> eric: what do you got? >> bob: the republican theory of strickal- -- trickle-down is a rising tide raises all yachts. my theory is if you look at the money spent on welfare it was not meant to get people out of welfare initially. most of the programs meant to help people subsist on welfare. but the best way to get off of welfare for those at the top of the welfare line is get a growing economy to move in the middle class. the president of the united states is not -- >> eric: no liberal comment, though. it's bad

>> the question is -- there are a lot of grassroots bottom-up activity, sharing resources, but there are also opportunities to take macro approaches like public transportation, for instance, and how we can get some of those opportunities going. >> i will take this. i think that is a really good question. i think there is a role both bottom-up and top down, and i think it is a conversation we're going to have in the working group to get these ideas that are coming from our community and from leaders in the space. there are so many ideas we may not be hearing. we are inviting all of you with some of these great ideas. i think it is the first set. obviously, it will not be easy to make some of these changes, but being part of the dialogue is very important. >> i would check out mesh labs, which looks at that pretty closely. who else? ok. >> [inaudible] i know a little bit about the cars and trucks, but i understand there might be some legislation that creates opportunity for people who make food in their own kitchens. is that just a rumor? >> hopefully, all of you heard that question. l

some bottom up economics. >> so is this economic theory the best way to get america back on track? here to shed some light on this is the c.e.o. of john thomas financial. that's thomas belesis up early with us this morning. nice to see you. >> nice to see you as well. >> the u.s. needs bottom up economics. not top down to be successful. what do you say? >> you know, i think it's even more evident that the president is out of touch with how america works. whether it's bottom up, top down, the bottom line is you have to promote pro growth policies and the president has been doing the opposite. you know, the president's notion of bigger government is the answer to solve all problems is incorrect. look what's going on in greece, italy and spain. these were pro government and bigger government type policies that have taken these countries into bankruptcies. i mean, i'm a second generation greek american and i can see from what the country has done has been wrong for the people and the president wants to instill thos

. >> i'm not suggesting john mccain's running, but i'm saying the drunk has to hit rock bottom. >> i'm standing up saying don't let the drunk hit rock bottom. >> you and i have been saying it for almost two years now. it's not going to happen until they run over the small child. >> make the people giving the money toxic to the people taking it. >> that's happened. >> it's not -- >> what lobbiest has looked at and i've defended -- >> it's not happening. >> my point is this. a 2500 check and a grandmother's exec is -- >> she's saying the change of money. is acceptable. >> i wasn't trying to defend -- >> fair enough. they're all corrupt. everyone's corrupt in the money game so take the money out. that's the point. >> see i get all emotional. >> not emotional. >> everybody stays, we're all friends. our specialist trading on the trading floor for a science lab and he's going to tell us what he discovered about the biology of how all of us manage risk. ♪music plays throughout summer in new york state has something different for everyone to love. discover what you love. visit ilovenewyork.com to plan you

with like-minded countries and their citizens to engage in this process and protect the current bottom-up pluralistic system of internet governance and to insist that the debate at the itu and all other international forum be open to all stakeholders. it is critically important for you to engage to help ensure that world understands the economic social and technical advances driven by the internet are endangered by these efforts. thank you for the opportunity to testify on this very serious matter. i look forward to answering your questions. >> mr. cerf, thank you. we appreciate your leadership and comments. >> now we'll go to sally shipman wentworth, senior manager of public policy for the internet society. we look forward to your testimony as well. >> thank you, mr. chairman. my name is sally shipman wentworth. i'm with a nonprofit organization ensuring open development, evolution and use of the internet for the benefit of all people throughout the world. on behalf of the internet society and our more than 55,000 members worldwide, many of whom are joining us in the audience and are wat

here, it is inherently and opened, bottom-up idea meritocracy. it is a good way for this place to be. >> i want to follow up on that. because there are so many other places in the world that want to replicate what we have here. is that possible? >> what is the appropriate answer? anything is possible. i think there is a bunch of things that come together here. education is a big part of it. as much as we have talked about the challenges we have in educating our youth, it is still the case that education here is as much about the journey as about the end result. my personal belief is that as long as we keep that focus on the inquiry as opposed to the yes/no result, we will do fine. when you look at other parts in the world, my view is you can gauge how innovative a populace you're going to generate by the way they educate their people. >> you know, i would say that he has a great point there. i think it in fights collaborative approaches to problem-solving as well -- it invites a calendar to the approaches to problem-solving. we are having a great

i know you're a bottoms up stock picker, but do those show up. new things help drive growth.u're investing in growth there is still technology. >> energy has been a important component in equities this year. interestingly they moved in tandem for the most part. what do you think that does to the equity market. >> you're right they have gone in that direction. it is greating weaker. that's not a great sign for the market right now. i think the market overall i like in the long run, i think if you buy ek adequateties here you don't want a statement for 18 months but you will be happy when you do. >> go ahead and hope your monthly statement. what about energy? >> i like energy. i do. it's being impacted by the macro, the fear of the global slow down, but the prices of the equities themselves are near historic lows if we're not in total turmoil. >> so if it all works out for you, this is a value investors dream of right now. >> it is, it is. buy at the right praises and trade around. >> thank you, both. that will do it for the first hour here, and we will finish

to sit down with them so what ever came out of this legislation is something that came from the bottom up, if you will. what we have here is a piece of legislation that reflects the thoughts of many small-business owners in the mission. in particular who really believe that whenever you think of tax breaks, if you are going to do something like this for a company like twitter, then you have to do something to incentivize job creation by the micro-businesses in our neighborhoods. i want to acknowledge the work of the progress of workers alliance who -- progressive workers alliance who availed themselves of this benefit that we only -- took into account compliance with labor laws. i want to thank supervisor farrell for being open to language that makes it clear that before a business can benefit from this tax break, there has to be compliance with all of our labor laws. i think it is a recognition that while the progress of workers alliance has been at times tried to strengthen requirements of small businesses, there is a recognition at some point small businesses also need help. because of

you could mitigate the racial problem from the bottom up. there was also adult education too. this 1 learned one learned to read as many did. many of the community colleges were a result of the new deal. sacramento. i gave a talk at santa rosa and the city college in san francisco was largely a product of the pwa and has wonderful art work all over it by the art in action project at the treasure island fair. and then there's these special schools for crippled children. this is in the mission district and it's a beautiful school with all the features we take for granted because of the americans with disabilities act. it has wonderful tiles. this was not accidental. this is the sunshine school. we made the school as beautiful as possible to take the children's minds off their problems. it was also crippled children. this might sound familiar to you if you know the history of president roosevelt. he was paralyzed by polio on the threshold of a promising career. he came back and few americans knew how disabled he was. he learned compassion. he learned he could help other people of

. >>> coming up, bottoms up? after falling nearly 10% from its highs this year, the s&p has been treading water. but is it all about to change? tonight, cramer ticks through the technicals to see if we could be headed higher from here in a critical edition of "off the charts." and later, luck of the irish? providence resources needed more than four leaf clovers to strike oil off the coast of ireland. and now it's undertaking the largest drilling program ever in the country's history. tonight, cramer sits down with the ceo to talk energy, investment and the health of the european economy. all coming up on "mad money." >> miss out on some "mad money?" get your text alert today. text mm to 26221 to get cramer right on your phone. for more info, visit madmoney.cnbc.com, or give us a call at 1-800-743-cnbc. did i ever think i would have heart disease. she just didn't fit the profile of a heart event victim. she's healthy, she eats properly. i was pushing my two kids in a stroller when i had my heart event. i've been o

we have been relentless in what we did, the bottom up process and we asked them what they wanted to have as their economic future. and try to -- we had 13,that pal over the state and trying to find an economic vision for the state county by county. how do we become more pro- business? we heard people wanted to -- safety and more pro-business and less red tape and access to capital. it wanted a good education system. it is training so businesses can get the right workers. it is best known for its ski resorts and quality of life. the real challenge we have been working on in turning this thing around is to say, how do we become the most pro-business state? california will be more pro- business. oregon will be more pro- business. how to create that competition to be the most pro-business state but to hold ourselves to higher standards. we want to be the best of being pro-business. that focus, trying to get the partisanship to -- our legislators and state voters are one-third independent, republican and democrat and our legislature is almost evenly divided. if we pass our budget last week wi

. >>> coming up, bottoms up? after falling nearly 10% from its highs this year, the s&p has been treading water. but is it all about to change? tonight, cramer ticks through the technicals to see if we could be headed higher from here in a critical addition of "off the charts." and later, luck of the irish? providence resources needed more than four leaf clovers to cycle oil up the coast of ireland. and now it's undertaking the largest drilling program ever in the country's history. tonight, cramer sits down with the ceo to talk energy, investment and the health of the european economy. all coming up on "mad money." >> text mm to 24221 to get cramer right on your phone. for more info, visit madmoney.cnbc.com. or give us a call at 1-800-743-cnbc. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 yea

some bottom-up economics.ave an economic plan base odd then shared vision that always worked for america's middle class and all those striving to get there. a plan focused on education and energy and innovation and infrastructure and a tax code that is fair and responsible. that's how we're going to build this country. that's why i'm running for president of the united states. >> president obama in tampa, florida, today presenting his case for a bottom-up economics to help the middle class. the president laid out the contrast between his policies and the republican agenda. particularly when it comes to cutting taxes for the wealthy. >> to pay for another $250,000 tax cut for the average millionaire, they want you to foot the bill. let me see a show of hands. is there anybody here who can afford to pay thousands of dollars to give people like me and mr. romney another tax cut? come on. go ahead and raise your hand. don't be shy. now, look. that's their entire economic plan. that's it. when mr. romney tells us h

allowed three hits in their run to the dodgers encourages his first career complete game the a's bottom-up to perform with an rbi days and days when 41 and are 33 and 36 in dull star jerry revert back in action for the first time in almost a month he struck out three giants in six innings without allowing a run. the nfl the 49ers signed their first-round pick a date jenkins 24 year deal with the reported $6.9 million to receive from illinois was the final draft protections of the sign sealed and delivered for the 49 is the niners the a's today have their annual repair flood day 13th annual $20,000. but the move to tonight sell in 13 years the made $330,000 for a diabetes research. juvenile diabetes. and people always ask why did they serve repair flood? >>> -server for your beer floats. did waves thought it eight or more of the neck of doubt. ,,,,

the telecommunications regulations in ways that fundamentally altar the current multistakeholder bottoms up privatized governance model that many of us would say has worked really well. the concern is that a new regime would be adopted that would confer more intergovernmental control over aspects of the internet and the way that it functions today. now i'm not going to say any more about the particulars of the potential changes because i don't want to steal any thunder from the distinguished group of panelistses that we have here today. i will only say this. apart from the economic and social benefits that we're all familiar with, that the internet has given rise to, the internet has been a wonderful medium for facilitating free speech when governments have kept their hands off the net. so aside from the technical standards or whatever else that might affect the internet that will be discuss ed at the wict conference, i don't think any of us want to see movement towards intergovernmental control and new rules that would given the governments more control over the content of the speech. that

bottoms up, birds. adam jones. his wrist sun comfortable. makes uncharacteristically wild throw.or tampa bay. 2-1 rays and 8-4 victory. one game behind tampa bay. they'll be off tomorrow before three on tuesday. didn't help matters any at all. >> the walks are what hurt me today. >> meantime, from dover. 400 miles of target hunting for some atop the monster mile, but it was runner-up kevin harbig with the wins. tiger woods looking like the tiger of old. rally. 18th place. jack nicolas's classic. known as the number one golfer and second event this year. owning 73 wins with samuel. jackson. across the atlantic. sprint open. smashing forehand winner down the line. matches with david. meantime, shorty, known to fight back. in a five set affair. the victory over andre. samantha took over stephens. very important score. miami heat, boston celtics. two games to one. if they win, they'll be one if they win, they'll be one from elimination in boston. ,,,, [ male announcer ] are you paying more and more for cable and enjoying it less and less? upgrade to verizon fios tv, internet and phon

like cell phones or health care services, how can you provide services to the people that make up the bottom of the pyramid that is pretty significant proportion of the world's economy. but the grass roots, it's not necessarily grass roots policy, but grass roots development approach which is are locally based approaches. >> yes, ma'am. are we beginning to redefine the paradigm for how we measure poverty new or development or cultural models that where, you know, we are always thinking about the dollar and a person's take home income, but a lot of communities, poor communities of the world, don't think much about dollars. they think about whether or not we're growing enough food. >> so the question is there a need to broaden our definition of poverty or change it so that it's not measured on individual income? >> i think one of the challenges is when we're trying to make comparisons across cultures, we do tend to oversimplify and i think there is recognition that the models are often very simplistic. but if you look at for example what goes in to the human development index, it's often -- it

that is what robert -- robert wright refers to as bottom-up economics. we have seen the trickle-down theories, and we now need to build an economy that serves the needs of the people. innovate. we need to have innovative ways of creating a path to a living wage and jobs. how can someone go from being in the welfare to work transition into a job that is a step and career ladder to a career job. the department of human resources issued a study on the work force succession that showed even in years where there was high layoffs by the city, more than twice as many people were retiring and leaving city employment for other reasons. we are asking the mayor and the supervisors to support legislation that would create an innovative and invest in our parents better and the welfare to work transition to bring them into entry-level city jobs. it can be done. thank you. >> good morning, mayor lee. supervisors and department heads. my name is nick wolfe, director of the visitation valley business opportunities, and our reach to merchants program. i would like to foll

it doesn't have to be government controlled, but there has to be leadership, bottom up and for the community that is represented by a good democratic government. but we can be more innovative the money is not going to come in the same amounts and therefore we need better partnering. >> president banda is our newest leader. i'm going to give you the last word on what it is that you want the west to know, the united states to know, the international aid community. what do they need to know about the needs of your country as you see them? >> i think first and foremost it's to say to call upon the international community. to recognize those countries on the continent of africa and in particular at this point in time malawi. that have come out and can demonstrated that they're going to correct their government's record. their human rights' record. to recover the economy. we have taken states, i'm selling -- and to just request that the international community must move at the same pace and meet us halfway. i say this because just last week i toured the country of malawai from one corner to anothe

we had a top down capacity that was not met by a bottom up movement. instead, the streets were filled not with people like us, but with people carrying signs, saying that the president, comparing him to hitler and people were spitting on congress people and calling them the in-word. those people stopped our movement. many people sat down in 2010. what can we learn from 2010? because you know the right wing was on the march. if you look at the numbers, they didn't turn out a lot more people in 2010 than 2008, we just turned out a lot fewer. we stood up in 2008 and made history, and we sat down in 2010 and let other people win the election. we sat down and said, i'm just so disgusted. i'm just going to quit, i just can't take this. not you. maybe the person next to you, but not you. and it doesn't matter. who cares? after all. ask people in wisconsin if it matters. ask the people in ohio if it matters, ask the people who are living now with the consequences of emotionalization and demoralization. be careful now, careful now. careful now. you have more po