over the next three years and at a financial conference last week the administration assured china washington will be fiscally responsible. relying on beijing to finance more american debt. what does it mean? cuts to f-22, and presidential hell koltd and ddg destroys can seem minor in comparison to what is to come. you can e-mail me. we're send ago very happy 219th birthday to the united states coast guard. we'll be back next sunday morning at 11:00. have a great week.

normalized relations with china, the then-washington bullets accepted an invitation to visit china. >mething i really welcomed and wanted to do. my wife also wanted to go. it is another vacation and itself. >> also, go around and do some recruiting while they are there. we will be right back. >>> i find all looked? >> -- a final looked? >> here is what we have, upper 80's tomorrow, sunshine, a little bit thunder possible in the afternoon. showers are possible friday through sunday, not related to danny. much cooler weather next week. the final look at danny, expected to become a category one hurricane at friday night. >> "ni it's never too early to start saving up for christmas. get your chrtmas club card and use it... to start saving up now... and we'll add a 3% bonus to your card -- just in time to shop for christmas! yes, the christmas bonus is back! one more way to shop your way, only at kmart and sears. means freshness is always in season. rancher's reserve beef, guaranteed tender, says you're always ready to grill. and now, safeway has a new promise. a commitment to thousands of

following this story for months and only cnn has the global resources to bring it to you from korea, china, washingtond california. let's go straight to our cnn's dan simon. dan? >> reporter: hi, suzanne. i'm at current tv's headquarters. i had a chance to talk to the new ceo here. get this, he's only been on the job for about a week. i asked him what he thought about thaefrg happened today. he said he was, quote, ecstatic. i'm sure that's a sentiment felt by everyone who works here. the plane touched down just before 6:00 a.m. pacific time. a short time later, from inside a hangar, the two journalists emerged. then former president clinton. so much emotion. but this may be the most enduring image of a mother, euna lee, clutching her 4-year-old daughter. laura ling described the surreal moment when she and euna entered a room and saw president clinton there to take them home. >> when we walked in through the doors, we saw standing before us president bill clinton. >> ling, whose experience in front of the microphone was evident, said there was constant fear that the north koreans would make good on th

>> rose: that the united states and china can a difference and that the process is under way under a new administration in washington? >> working together with others. because there are other parties. china, the united states, if we work together then maybe more... others will be more sort of prepared to join. >> rose: everybody always talks about this, as you well know, and you've answered this question a lot and i ask it again in the context of this dialogue. question of human rights and how do you satisfy a world that there is progress? >> human rights... china has made a lot of progress as far as human rights are concerned and in the... our contribution for the first time we have included provisions, a new provision that we're to respect human rights and protect human rights and we have participated... succeeded to many international agreements concerning human rights. and we are developing the socialist democracy in china so to guarantee that people willeoe to participate in this decision-making process and we are trying very hard to make sure that are the decision-making process will be more transparent, will

unless something monumental comes out of washington or china, i don't see a lot of movement in either direction. >> i want to share this headline, deutsche bank, they are predicting 41% of conforming u.s. mortgages will be under water by the first quarter of 2011. 41%. right now we're at 16 %. >> you know what, i don't know -- give me a break about that. are you kidding me. >> that's almost half the mortgages in the u.s. >> yes. >> you know, if unemployment goes to 15%, i could see that happening, i don't see unemployment going to 15 prosecuti15%. we're at the top of the unemployment level. i mean -- >> will it make you feel better, they say 69% of subprime mortgages will be under water by then? we're already at half of those. >> that makes more sense. talking about regular mortgages in this country, i don't see that at all. i'm not a genius but let me tell you, that seems, that's horrible, i think they are totally offbase. >> when i saw it, i thought, all right, i want to make sure i get your reaction. >> you got it. >> by the end of the day, anything specifically that you're focused

the other super power in the world is now the people's republic of china, and both super powers convened in washington this week for two days of strategic and economic dialogue. a twice yearly bilateral encounter that grew out of the april g-20 private summit meeting between president obama and his counterpart. in 2008, america's economy grew at the rate of 1.4%. china grew at the rate of 9.8%. who is america's largest creditor? answer, china by far. it holds $800 billion in u.s. debt. so instead of a g8, the u.s., canada, france, germany, italy, japan, russia, and the u.k., we now have a g2. a g2. the u.s. and china. how will that pan out? >> i have no illusion that the united states and china will agree on every issue, nor choose to see the world in the same way. but that only makes dialogue more important. >> reporter: question. is talk of a g2 an accurate description of a u.s./china relationship or is it hyperbole? >> i think it's still hyperbole for the moment but in a few years' time it is going to be the relationship. at the moment, china is still a very important country to the u.s. it's still

borrowing billions through china, bringing it through washington and detroit so we can buy japanese automakerslook at four of the top five cars traded in, four of the top five are not american cars. this clearly is not great economics. what's wrong with this picture? >> the question you should be asking from an economics perspective, how many jobs created per dollar and is that a good use of dollars. we're borrowing from china to buy cars where the value added is overseas. this is a complete waste of money. people like it because it's the only tangible thing they can see coming out of the stimulus package. >> i like it but i'm a fan of the clunker. i like my clunker. i have good memories of that. it's a family heirloom. i was conceived in that car. >> you nodded your head when elliott said we should evaluate government dollars spent based on how many jobs created for each dollar spent. >> i agree. >> how do you go about beginning a measurement like that. >> four out of the five honda, toyota, toyota, toyota, what is the value added of each car made domestically. we hadn't done the first gm bai

. >>> this week in washington, the obama administration highlighted the great importance of the u.s. relationship with china especially on economic matters. china is, after all, the biggest lender to the united states economy. but while 200 chinese economic officials were in washington, chinese authorities continue to crackdown on human rights groups back home. in one move, a prominent legal scholar was taken into custody, and he hasn't been heard from since. and it didn't stop there, as we hear from melissa chan of al jazeera english. >> reporter: the center is an organization that helps people fight discrimination in china. its operated for years. but wednesday on, the authorities showed up, unannounced, to collect evidence and investigate supposed illegal activities. the problem? the publication of the office's newsletter. it has apparently not been cleared by the government. >> translator: i suspect our antidiscrimination activities have offended many people including big corporations, common officials and wealthy businessmen. >> reporter: it's the latest blow to the handful of organizations in china th

our boss wrote in the "washington post" that caught our attention. china is already in the lead on alternative energy. only one of the top five companies on earth is american and only one of the top 10 solar companies is american. they say unless congress acts soon, the u.s. can lose the technology race while still in the opening heat. this is something the viewers have seen that and both said this for the first time ever. china is number in wind. what do you think? the number one area of the future.. are we going to be number one or not. "street signs". a 10-month high for metal. the reason is china. it is starting to be a familiar chorus. we will tell the you how to trade that. from band-aids to benadryl. an exclusive interview with the ceo of johnson & johnson's bill weldon, our exclusive guest. >> copper is trading at a 10-month high. he is the managing director and what is your feeder? >> my trade is fcx. not as an analyst, but a sales broker. i can tell you why. the global demand is starting to pick up, not just because of globalization, but gdp and

china, it's america's banker. it sent top diplomats to washington this week to check up on its investments and talk about the way forward in the u.s./chinese relationship, outside of this global economic crisis. >> the actions taken by the united states and china have made a very substantial contribution to our collective success so far in blunting the force of this economic recession and beginning to restore confidence. >> but our next guest isn't so confident anything was accomplished. in fact they called these meetings one big debutante ball. welcome to the program. you know, the white house was billing this as the first strategic and economic dialog between the two countries. as we all know, a strategic and economic dialog began under the bush administration with secretary paulson. in fact, we've been talking with the chinese now for eight administrations. you think we've started over essentially. >> i think we have. i think that unfortunately this was more about hand shakes and getting to know you than achieving real results. and i think why this matter is to the american people so much, as you correctly point out,

china visiting his biological family. >> chuck joins us now. what a humid saturday out there. >> typical of august in washington. no big surprise. what we could use is a little break from the humidity and that starts to arrive late tonight. you're going to appreciate i think the changes coming our way for the upcoming week. outside right now under a mostly cloudy sky in washington with a few light rain showers in and around the area. 87 today after a 73 degree start. now we've dropped down to 76 degrees. the dewpoints will be back down into the 50s by tomorrow afternoon making it feel a lot more comfortable. temperatures around the rest of tharea right now, mostly in the mid-70s, 72 in frederick, maryland, 75 princeeorges county. here's a check of doppler. not a lot of rain across the area but a few lonely showers moving into portions of northern calvert county from annapolis to shadyside, eastern prince georges county, almost on top of andrews air force base. and a few light sprinkles down to the south of washington. the stronger thunderstorms are well into portions of delaware and moving away from us. no real concerns for seve

washington, d.c. with zhou wenzhong. he has served as china's ambassador to thunited states since 200 he is a ke figure in which what some call the mtmportant bilaral relationship in the world. he works on a rangeof issues important to both countries, including ade, iwan, north korea, climate change,nd the economy. as the economiccrisis has spread, he has said that chi and the united stes now share a grear responsibility for global stabili and peace. i am pleased to have t ambassador on th program for e first time. welcome. >> thank you. >> rose: you he said. you have said this is e most importt bilateral retionship the rld. what makes i s >> i'm not the only o who is saying this, charl. therare other people who have said the mehing. i think it's true that the relationship that china and the united states have assed great global significance. china is the largeeveloping couny, the u.s. being the largest developed cntry. if we couldork togeth ande can soe my global issues. and the glal sues need glal solutions. so if we can work gether, it will b

china. all of a sudden it's in "the new york times" and making waves in washington. so i thought that was interesting. i think there has been a lot written about and discussed about this particular labour law because it comes at a time when manufacturers are basically being hit by a perfect storm of other factors that are far more important than this liberal. the increase and rising raw material costs are way more important in terms of factory profitability than the labor contract law. because i haven't seen any good evidence of a massive increase in enforcement on the ground in china. if the labor law had been accompanied by a flotilla of labor inspectors then for some reflection, but as it seems to me right now there is a lot of talk because at least when i left china the implementing legislation left in guangdong province for the labor contract law had not yet been passed. so there was an opportunity for others to voice their concern to water down some of the provisions locally. it so this is just my personal opinion and is purely speculation, but at think that is

washington and pyongyang. the two women were accused of crossing the border while filming a piece about the defectors in china for al gore's tv. >> they never intended to cross the border. you know, as journalists, when you're in the field, you know, you never know what is going to arise and things can be unpredictable. >> north korea sentenced them to 12 years of hard labor. in july, laura called her family to deliver a message from the north koreans. >> she said that it was her sense or her feeling that a visit from president clinton would be successful in securing their release. >> the north koreans had told the journalists they would be granted amnesty if the former president came to p-- pyongyang. >> and clinton's mission was not political, the white house insisted. but kim jong il got the attention and respect he was looking for. >> the north koreans say there was an apology on behalf of former president clinton. >> the last question is that's not true. >> secretary clinton emphasized that north korea had not found a new diplomatic partner. >> we have successfully completed a humanitarian mission that w

china or japan. second, the dirtiest currency is found in washington, d.c.. megyn: really?. >> after that you have baltimore, detroit. the cleanest city is salt lake city. what is lacing the currency with cocaine? we are dealing here with millionths of a gram. that is what is found in 90% of our currency. think of it, you would use a robot dollar bill to ingest cocaine, and it is indeed laced in -- laced with cocaine. but that in your wallet with all the other bank notes. megyn: that is how they are getting contaminated? people are using the currency to snort cocaine? not like the cocaine was next to the money -- people are using it as a tool for ingestion? >> correct. a rolled up 20 other bill to start cocaine, -- $20 bill to snort cocaine. megyn: is the $20 bill most likely? is there any sort of currency that is least likely? i will have a baby, what bill should i be looking for? >> i believe that it is the hundred dollar bill, contrary to apology. think about this, it is trace elements. not like every single bill in circulation has been used to in just cocaine, far from

these jets can fly more than 600 miles an hour, go nonstop from washington to as far as china or japanithout refueling. the pentagon only asked for one of these jets. but the house appropriations committee decided to add two additional planes saying they should be assigned to the washington, d.c., area for the use of these people that represent us. reports say the funding for the gulf stream jets was pushed through by two members of the committee, both from georgia, where these airplanes are made. one of these congressmen told abc news that buying these jets supports local industry and will mean jobs for his constituents. a congressional staffer defends the move saying the military was already looking to update its fleet and some experts say the jets may be more expensive, but they're worth it because they're more secure and efficient for vips. is that what we call them now? critics say members of congress are a bunch of hypocrites. you remember how they lashed out at the auto ceos when they flew on their private jets into washington, d.c., asking for bailout money last year? i remembe

also in washington, the obama administration held a new round of diplomatic talks with chinese officials. the meetings were designed to strengthen ties between the u.s. and china. the leaders tackled a range of economic and foreign policy issues. but president obama made it clear that supporting human rights and religious freedom were also american priorities. >> we also strongly believe that the religion and culture of all peoples must be respected and protected and that all people should be free to speak their minds. and that includes ethnic and religious minorities in china as surely as it includes minorities within the united states. >> lawton: despite the worsening economy-- or maybe because of it-- volunteerism appears to be on the rise in this country. according to a new report from the government's corporation for national and community service, nearly 62 million americans volunteered last year. that's the largest number in four years. almost 36% of those people volunteered through a religious organization. in boston, the roman catholic archdiocese has raised the retirement age for priests from seventy to seventy-five. the reason: a shortage of clergy.

>> since this economic collapse or melt down we have seen, china is much less interested in listening to our washingtonnclined to go its own way and inclined to be a central planned economy rather than leans trtds a market solution. >> that could have an impact. >> it could, but the truth is over the last 20 years, they have gone a great job of managing their own economy from the top down. that's the infrastructure and spending and that so helped. >> they have like 2000 then ministries and now they have 100. they made a concerted effort to make government smaller and smaller every day, right? >> there is more. less that meets the eye in terms of consolidation. >> the model that they have going, doesn't that put a cap on their growth? they have done better lifting the economy than we have. there is articles in the paper about the way they are pushing alternative energy and far more than we have. china will be the fastest growing economy in the world with less debt. >> we have the debt issue. >> i want to be exposed to that most rapid growth. >> always good to see you. don't make it so long. enjoyed havi

china earlier this year. it is not known whether the former president will meet with kim jong il, but there will be little doubt that this visit is a political gamble by washington, sending a former president to deal face to face with a government that has so recently tested world opinion with a second nuclear test. the only other visit to north korea by a former american president, jimmy carter in 1994, was widely seen as a success, leading to a diplomatic breakthrough during another era of mounting nuclear tension. here in south korea, opinion is divided. some commentators are welcoming the visit, suggesting it could herald a return to dialogue on broader issues. others fear it is simply rewarding bad behavior and will be exploited for maximum propaganda value by p'yongyang. there is, though, so far no sign of that. bill clinton's arrival was covered by north korea's evening television news, but not until after apparently more newsworthy items such as the improving quality standards at this biscuit factory. john somewheres, bbc news, seoul. >> an analyst at leeds university joins us now but the web can. how do you read this? is this an attempt by the north kor

china is our adversary. america is losing. the senate is hoping small business can close the gap with $30 billion in loans from washington.liance said that can generate for clean energy businesses and create up to 680,000 direct manufacturing jobs. they said a lot more than that. chairman of apollo alliance. thanks to both of us for being with us. that would give $30 billion in loans to small businesses for green energy. the first question most people would have is we tossed stimulus money and we don't have this money anywhere else? this is a green race versus a space race against other countries. 70% of the component parts of the clean energy industry are made overseas. we at apollo combat global warming and want to see a bill passed and want to make sure when the green revolution comes, it creates job here in the u.s. we want to provide assistance to make the parts of the new clean industry. it's an important investment in competitiveness and our energy independence. >> it's amazing that 70% and why china is ranking number one. >> we invented many. what happened is shared brown in the senate to provide $30 billion to ex

china an india, where vinyl and labor laws are virtually nonexistent, government needs to help, not make things harder. that requires tough choices, and the golden -- in the golden state as well as washington. in los angeles, william lajeunesse, fox news. >> jamie: that is the story in california. what about on a national scale? critics of cap-and-trade are pointing to a new study from the energy department, a federal report, and it says the democrats bill will lead to job losses, especially manufacturing. indiana republican congressman dan burton is joining me now. from indianapolis. congressman, good to see you, thanks for being with us. >> thanks, nice being with you. >> jamie: let me ask you about cap-and-trade and the fact the president insists there will be so many jobs, green jobs, mostly, but this study says in fact there will be no more jobs as a result of the legislation than there would have been anyway. what is your interpretation of the report. >> well, you know, jamie, spain has tried this already, and for every job, new job created that would help the environment, they lost two-and-a-half jobs. because, of the new programs, and it is going to cost american jobs, american --

china and india where environmental and labor laws are virtually nonexistent, then government needs to help, not make things harder but that requires tough choices in the golden state as well as washington. in los angeles, william la jeunesse, fox news. bret: is the president thinking about raising taxes on the middle class despite his promise not to? the fox all-stars analyze and weigh in, next. limb: dude that was sick! i've been hangin' up there for, what, like, forty years? and then - wham - here i am smacking the pretty off that windshield of yours. oh, what you're looking for an apology? well, toss another coin in the wishing well, pal. it's not happenin'. limb: hey, what's up, donnie? how you been? anncr: accidents are bad. anncr:but geico's good ding! with onsite windshield replacement. you can walk with a purpose to end alzheimer's... by joining us for memory walk. [ man ] you invite three people. [ woman ] and they'll invite three people. and before you know it, you have a team. more than 5 million americans... may not be able to stop the progression of alzheimer's. but we can. step up. move a nation to end alzheimer's. start a team today. go to alz.org. sfx: chear that?can sh

china is working on his memoirs. since he left office, he has not kept quiet. >> david wright reports from washington. >> reporter: sinceld january day when he said good-bye to the trappings of power, the former vice president has not exactly left the public stage. on cable news and in speeches -- >> i was and remain a strong proponent of our enhanced interrogation program. >> reporter: he has more than any other member of the bush administration vigorously defended his legacy. "the washington post" quotes several sources close to cheney saying the former vice president has been surprisingly candid about his disappointment with the last few years of the bush administration. the implication was that bush had gone soft on him, one confidante told the post. >> the thing he regrets the most is that george bush walked away from him, george bush softened. >> reporter: cheney enjoyed unprecedented power and influence during bush's first term but the boss ultimately rejected cheney's advice to continue the practice of waterboarding to stand by secretary of defense donald rumsfeld and pardon cheney's former chief of staff scoote

washington. it was something you heard about constantly, not just people who disagree with him politically. there was something about his weirdness and his ambition which sometimes was successful such as china. it is compelling and there is an element of tragedy because he really threw it away through a federal personal flaw of -- a fatal personal flaw of paranoia. >> back to your column. explain that. >> my feeling about bush has not changed. he was a guy who was not terribly ideological. he certainly campaigned on not doing nation-building or having a very modest foreign policy and getting a few things done. most of which he did not get done, like so security reform and immigration reform. after 9/11, he was surrounded by very powerful personalities who had strong ideologies. he bent with that wind. he will probably live to regret >> nixon was probably one of the poorest of modern presidents. he really came from nothing. he had a terrible childhood and young adult life. he overcame that to become president of the united states and then through the hallway. -- and then to throw when all way is a very gripping story. bush was a child of privilege. he was the product of legacy and missions t

china and india aren't, that they can opt out of the legislation. bret. bret: steve brown live in des moines. thanks. a civilian employee from fort louis army base in washingtonhe center of a case over constitutional rights of speech and free assembly over over the government's concern over a group that engamed in civil disobedience. correspondent dan springer picked up the story r >> as anti-war groups tried to block this shipment of military equipment from ports in washington state to iraq and afghanistan, they had no idea a spy had infiltrated the ranks. now they are building a case against the man they knew as peace activist john cake could be, who is, in fact, john towery, a civilian army employee assigned to protection division at port arthur, washington. >> i sense a sense of betrayal. i felt like i lost a friend, and in reality, i did. >> the port militarization e assistance, or p.m.r. claims towery, a member of the group for two years and manages an e-mail list was illegally reporting and monitoring activities to police. the group broke his cover through a freedom of information request and towery's facebook page. officials issued a statement concern

china. voting with bush. no wonder mitch mcconnell is running from his record, but he cannot run forever. it is enough years in washington. it is time for change. >> but would they find it they will looking for bruce? will you be at his home in florida? the 11 homes in six states. with a sniff out his record? virginia investigations showed huge fines by the veterans administration. after falling his trip, kentucky needs to stick with mitch. host: his margin of victory last year? guest: about 6% of bruce lunsford. lunsford was largely self-funded as he is a millionaire. the race tightened for a while as the economy when south, but lunsford like some and the others tried to run against mitch mcconnell in ways that did not make sense. no one has ever successfully made issues like campaign finance reform the turning point in one of these senate races. supporting president bush, even though bush's popularity had declined, supporting president bush was not that much of a liability. senator mitch mcconnell had been extremely effective in bringing home federal project pork ky. citizens of kentucky thought he was doing a lot of g

i'm sure you saw it in the "washington post" talking about how we have lost the leadership in alternative leadership to china and definitively so. is that going to get any talk this week? particularly ge support of tax. >> well, look, jeff immelt is a gig ally of the administration on this issue. it's one that is very politically difficult. the prospects in the senate are quite uncertain, but the more sort of heavyweights you have with large corporations and the energy business, jim rogers of duke energy is another ally, then the greater chance they have of success.s. as for taking money out of alternative energy, at this point the politicians don't give a darn about where they're taking the money from. they're going to keep this cash for clunkers program going because they see this tremendous enthusiastic reaction. >> didn't john mccain threaten he might hold it up, jon hilsenrath? >> this is becoming another -- >> lots of luck. >> -- republicans think they might get some political mileage out of it. i kind of doubt it. people are running out and enjoying the $4500 payments, i think it's not really much of

washington. it was something you heard about constantly, not just people who agree with it -- disagree with him politically. there was something about his weirdness and his ambition which sometimes was successful such as china. it is compelling and there is an element of tragedy because he really threw it away through a federal personal flaw of paranoia. >> back to your column. you say, "unlike nixon, president bush is less an overreaching machiavelli it then and at the plunder -- a blunder were surrounded by machiavelli's. explain that. >> my feeling about bush has not changed. he was a guy who was not terribly ideological. he certainly campaigned on not doing nation-building or having a very modest foreign policy and getting a few things done. after 9/11, he was surrounded by very powerful personalities who had strong ideologies. he been with that wind -- he'd been with that wind -- he bent with that wind. >> nixon came from nothing, loathes himself and was all too keenly aware when he was up to dirty tricks. mr. bush has a charming biography, is full of himself and his four to blindly by self righteousness to even fleetingly recognize the havoc he's inflicted at home and abroad. although historians may j

china and e united states. next. captioning sponsoredy roseommunications >> re: as many of you know, we had a conversation wh egyptian president hosni mubarak on friday in cairo. today president mubarak wasn washington meeng with presidenobama. itas president mubarak's first visit to washington in fiv years after cooling in u.s. relaons during the bush administration. the trip comes as the obama administration is eply involved inrying to bre a dead locke in middle east ace talks. it wan israel to halt selement activities d is asking araleaders to mak concessions to move e process forward. thtwo presidents spokefter e meeting thisfternoon. >> ( transted ): we need to move to the nal status level and i have contactedthe israelis a they said perhaps wean talk about the temporary solutionr perhaps a final status, but i told them no, rget about the temporary solution and rget about temporary borders. that's why i came today to talk to president obama and to s mt will give more hop and more confidence to the people about this iue. >> one of the things that you discovern studyg history and being a part of politics is just because sothing kessense doesn'mean it happens. and we are going to have t work very

china and indian in the copenhagen process unless we have a bill. if you want the progress, let's look at what really works. i am asking for your help, having nothing to do with washingtonfor this is my current life. we work with 46 and six continents to help reduce greenhouse gas emissions. we work with 1100 cities to get them discount, clean energy technology. we're trying to retrofit the empire state building and cut emissions by 40% per who want to cut the electric bill by $4.5 million per year. i met with a bunch of people from puerto rico yesterday who want to plan to make their island energy independent. these are things that can be done. there are many practical things that need to be a death before get there. this cash for clunkers program has worked great. it is better than all the mechanisms of reorganizing the oil industry. cash for clunkers has worked great. we should put that on steroids and we could sell electric cars and buy them. [applause] there ought to be a six month waiting list for every electric car that any company can turn out before the first one is so because of the financial incentives. you should advocate that. it will make a huge difference

motive build very rapidly high-speed capabilities that at least match china and if you had the equivalent of a train from boston to washingtond francisco to san diego or some parts of florida you could begin to develop and the ability to have people use the train on a grand scale but you want to do it in areas with high density, a great deal of traffic and you both want to take people off the airplane and take people off the highway and i think that can be done but it takes a much different approach. for smaller projects, i think you want to get the federal government to back out. the point steve made it costs twice as much to build federal highways in a city as it cost to build a city highway so you're asking the city to get the federal money half as many miles both the least they are not paying that we should grant a number of these things allow the local governments to be practical, allow them to contract out and in the process i think you've got to get a lot of fighting the budget act to create a federal capital budget. when you have something like one of the projects we are working on at american solutions is a 21st cen

washington, kevin crawford, with the political dynamics of the middle east be changed by the u.s. achieving energy independence. >> guest: the united states could develop not just ourselves but for china, india, europe and japan if we could develop a hydrogen economy and we could return petroleum to been primarily a petrochemical feedstock for plastics unit overnight change the balance of power and you would have an enormous shift away from men as well, saudi arabia, iran, iraq, russia and that would be much healthier for the world at large. >> host: this next caller has a question about energy virginia. >> caller: mr. speaker, i have a comment and question and you just partially answered it. seems to me that high standards of living are directly related to our energy consumption and the question is, how do we achieve achieve energy along with conservation and at the same time finding new energy sources? >> guest: q2 simultaneously for things. first you go and strengthen subsidize renewals, solar, wind, and biofuels because all those are available. second, you work on conservation including composite material. ups has a new then there are expementing with that is a composite material

motive build very rapidly high-speed capabilities that at least match china and if you had the equivalent of a train from boston to washington or from sand francisco to san diego or some parts of florida you could begin to develop and the ability to have people use the train on a grand scale but you want to do it in areas with high density, a great deal of traffic and you both want to take people off the airplane and take people off the highway and i think that can be done but it takes a much different approach. for smaller projects, i think you want to get the federal government to back out. the point steve made it costs twice as much to build federal highways in a city as it cost to build a city highway so you're asking the city to get the federal money half as many miles both the least they are not paying that we should grant a number of these things allow the local governments to be practical, allow them to contract out and in the process i think you've got to get a lot of fighting the budget act to create a federal capital budget. when you have something like one of the projects we are working on at american solutions i

motive build very rapidly high speed capabilities that at least match china and if you had the equivalent of a train from washington to boston or from san francisco to san diego, or in some parts of florida, you could really begin to develop an ability to have people use the train on a grand scale. but you want to do it in areas that have very high density, a great deal of traffic, and you both want to take people off the airplane and you want to take people off the highway. and i think that can be done but i think it takes a much, much different approach of. for smaller projects, i think you actually want to get the federal government to back out. the point that steve made that it cost twice as much to build federal highways in a city as it cost to build a city highway so you're asking the city in effect in order to get the federal money, get as half as many miles built so they are not paying for it. they want the money even though it's stupid. we have to go to the tenth model we should reblock a number of things and allow the local government to be practical and contract out. and in that process, i think you got

washington hosted a conference on the future of the russian military. analysts examined. analysts examined the nation's efforts to restructure its defense. russia's relations with china and europe and its role in arms-control. this last an hour and a half. >> good morning. i would like to welcome everybody to hudson. my name is tranny. i'm the director for the center for political and military analysis and a longtime student of the sovt slash soviet military. i want to first of all begin by thanking you so much for coming. we are truly amazed at the turnout. late august, weave a record number of peop here for hudson event. partly a tribute to our speakers. partly attributed to the person holding the conference in honor of. and partly of course because, again, we undersnd are very important. perceptions of international security trends, russian and natial security and visions of future war among other topics. i would request everybody now please turn off or turn to silent any of your communication devices that you might have. le for very pleased that c-span c-span viewers, we want to elinate as much as possible distracting nses. just to review the procedures for today

china. voting with bush. no wonder mitch mcconnell is running from his record, but he cannot run forever. it is enough years in washingtonit is time for change. >> but would they find it they will looking for bruce? will you be at his home in florida? the 11 homes in six states. with a sniff out his record? virginia investigations showed huge fines by the veterans administration. after falling his trip, kentucky needs to stick with mitch. host: his margin of victory last year? guest: about 6% of bruce lunsford. lunsford was largely self-funded as he is a millionaire. the race tightened for a while as the economy when south, but lunsford like some and the others tried to run against mitch mcconnell in ways that did not make sense. no one has ever successfully made issues like campaign finance reform the turning point in one of these senate races. supporting president bush, even though bush's popularity had declined, supporting president bush was not that much of a liability. senator mitch mcconnell had been extremely effective in bringing home federal project pork ky. citizens of kentucky thought he was doing a lot of goo

china. they're not going to cut back on drinking coke zero in beijing. >> what do you think is the most likely outcome here us? inflation, tax cuts or cost cuts? >> for which -- for our country? >> for washington. what do you think is the most likely pack here? >> gridlock has always been produced good things. we seem to be on the pattern of 1992 to 1994 when clinton came in all gung ho and ended up being the greatest opportunity to bye merck and pfizer i've ever seen. they came in to i'm immasculate the drug companies. >> the pharmas in the '90s were awesome. >> it wasn't just because of new drugs. what happened is that we all thought that waxman, same guy now then, was going to make it so the government was going to negotiate prices. that seems to be history now. i don't see the government doing it. and what it says to me is multiple expansion time. and the hmos are selling at 2 percentage points below where they typically do on a multiple basis. it's time they got pumped up. those businesses have huge cash flow. they turned out to be the winners just when we thought they would be the losers. >> all right. jim bob, thank you very much, sir. >> see you on "street signs" at 2:30. >> great. >>>

china? what is going to happen when they say enough is enough and stop giving us money to bail out our banks and troubled institutions? host: from the "washingtonimes" this morning. it says that on thursday an unsolicited pre-recorded telemarketing call ban. somerville, ohio on our independent line. caller: i think the bakkers and the government are totally criminal. this bailout, if you remember, 99% of the people were against the bailout. they went ahead and did it anyway. it is ridiculous. with no representation, no taxation. technically, we should not have this. host: just a few minutes from now, we will complete a number three part series we have been running, looking at medicare. we started with an examination of part "a". we are moving onto part "c" as we discussed part "b" yesterday. we have two guests coming up to discuss that. until then please call us at the numbers on your screen. we turn to our democrats line from tampa, florida. caller: good morning. i am a certified appraiser in the state of florida. recently the bank administrations have restricted the use and instituted new forms on the appraisals. the congress and the house of

china. the communist state is against the spiritual leader for that. >> they have to get over that. >> ted kennedy everywhere. the "new york times." senator kennedy, battle lost is hailed as a leader. >> the "washington >> a great picture of senator kennedy from earlier day, end of an american epoch. >> how about one more. >> tears for teddy. the "new york post" we were talking about, george will talking about ted kennedy being the most important prince, as he called him inside in camelot. "washington times" also talks about the end of camelot. >> the usa day today a family's legacy. the three brothers. >> in the "miami herald." some mourn and hope kennedy's death could help heal the partisan divide on health care. >> the atlanta journal constitution, life of trials and triumphs. >> coming up, we have chris matthews, mike barnicle in hyannis port. and pat buchanan and mika's must read opinion pages. but did you know you also get hotel price assurance? it's a one-two punch of savings -- pow! pow! lower hotel booking fees mean you get a lower total price. plus, if another orbitz customer then books the same hotel for less, we send you a check for the difference, automatically. the $9 icebreaker. walmar

china, the u.s. and europe. >>> two other crucial stories. one, watch this sugar story. this is a great story, joe. it is right up your alley because you got the big food companies going to washington south florida? >> yeah. down in florida, it's a family that still controls most of the sugar production and trade in this country. we have a lot of tariffs not allowing a lot of imports from other places. we'll see if the family will fight back. >>> last, but not least, there's been apparently a pirate attack by swedish pirates. first, pirate attack on a major ship in northern europe in modern times. you know i follow pirate attacks. >> what's that? >> pirates are people, too. >> thank you so much, erin burnett. greatly appreciate it. > >>> top democratic strategist bob shrum will be here, as well as our roundtable in washington, harold ford, pat buchanan, savannah guthrie and mika brzezinski. a we waiting for? the flowers are blooming. the air is sweet. and zyrtec® starts... relieving my allergies... 2 hours faster than claritin®. my worst sympts feel better, indoors and outdoors. with zyrtec®, the fastest... 24-hour allergy medicine, i promise not to wait as long to go for our ride.