the democratic party increasingly uses the powers of government to bring new groups into its coalition or to pay off client groups. this is something that's been happening since the 1930s, and it's something that every democratic leader has been obliged to follow. >> jay, the author of "spoiled rotten." how politics of patronage corrupted the once noble democratic party and now threatens the american republic. he's a staff writer at the weekly. and writes a twice weekly column. prior to that, he was at real clear politics writing the horse race blog. covering everything from politics to the economy. to what's going on in washington. joining us this morning from pittsburgh, pennsylvania. thanks so much, jay. >> thanks for having me, it's been a pleasure. >> this holiday week with, we're featuring some of american history tv's weekend programs on c-span three. over the next several hours, we'll focus on the presidency and the civil rights. first, a discussion of the civil right rights of dwight eisenhower, truman. then president kennedy. >> sunday on q & a. >> i think the problem with wi

inland it was really to tell a story about the democratic party. because while both parties, i think, have a lot of common characteristics, there's a lot of overlap in the way they behave. in many respects they have the same problems. in equal number of respects, they are very unique in that the story of both parties are different. arguing that the democrats have a problem is not to suggest that the republicans do not have a problem. in fact, i think they do. i think they have a problem with big business, in fact. >> jay cost is a staff writer for weekly standard. your can catch his morning jay columns twice a week. let's go to the phones and hear from fayetteville, north carolina. leon is on our democrats line. hi. >> caller: hi, good morning. mr. cost, i wanted to tell you that i agree with your analysis in your book. i'm at the tail end of the baby boom generation, the '60s, president kennedy asking not what your country can do for you but what you can do for your country. that character seems to have dissipated. today it's all about what have yo

where was the democratic party when all of this was going on? where was -- this is what parties are organized for. how is it you can have 25 or 26 legislatures who have gone through the past two years doing this and the democratic party didn't know anything about it? i mean, we're pulling up the rear. and now we've got to figure out how we are going to get ms. jones, who is 80 years old, to the polls because she doesn't have any i.d. i mean, so we're doing this work. so now institutionally, the church, you are so generous to us. you let us come and you speak in your churches. and we get up and we say all the good things. don't nobody ask us any questions. we don't have to answer anybody. we just tell people all this good stuff we've been doing. all right? and we get away with it. stop letting us do that. stop letting us do that. as a matter of fact, i want you to have your social justice committee or whatever you have in the church. i want you to know my voting record when i get there. and i want you to go down that list and you say, well, now yo

i think there's always a battle in the democratic party, as there used to be in the republican party, between center right and right, and in the democratic party, between left and center left. but it also seems to be, there's a lousy -- i shouldn't say that, a noisy group of people who are in equity who are offended that their wealth is being questioned. and i thought cory booker spends a lot of time hanging around with those guys for future reasons. your thoughts, gene? political reasons. >> politicians in the new york metropolitan area, the greater new york area, like cory booker, get a lot of campaign contributions from wealthy financiers, including people in private equity. so it stands to reason they may have been nicer to those folks. you know, but this divide exists not only in the democratic party, chris. i think you saw it during the primaries. you saw the same sort of rift inside the republican party. in fact, when newt gingrich made a lot of hay out there, especially in my home state of south carolina, talking about bain capital and talking about private equity, and talk ab

you're getting kind of a northern wing and a southern wing of the democratic party. what those two groups are going to have to do is come together and find out who they want the presidential candidate to be. now, the democrats decide to meet for no apparent reason, certainly not a smart one, in south carolina, the hot bed of the secession movement. that's where they go to talk about some sort of solution to the crisis. again, not smart. they go down to charleston, all right, southern democrats, okay, the southern wing of the party very much wants protections about the idea that slavery is going to be able to continue to expand into the territories, okay? they want that option that we don't want to put it up to a vote, we don't want to make a popular sovereignty, we want some protection that slavery can continue to expand into the territories. the northern wing of the democratic party is saying we have to come up with a compromise. we can't hold a hard line on this issue anymore. the northern wing of the democratic party wants steven douglas to be their candidate, okay

party. all of them support democrats on election day. all of them work hard for the party, and all of them expect something in return. the challenge this president has had, and i think it's virtually an insurmountable one, is to maintain support of those groups while simultaneously governing for the public interest. that is the core challenge of the democratic party now. that's sort of the thesis of my book, there have just become too many groups, too numerous for the party to govern for the entire public. >> if you would like to speak to jay cost, here are the numbers to call, democrats, republicans. and independent callers. jay cost, do you think there was ever a golden age of the democratic party, a time when it fulfilled its mission? >> well, i think that all political parties have this problem to some extent. after all political parties, their goal is to acquire control of the whole government. they never do that by winning every vote in the country. they only do it by winning a portion of the vote. there's tension within both politi

democratic party under jefferson was the party that did not like the government. they've been that way the entire 19th century. one election overnight they changed because of william jennings brian. this is how politics are unpredictable. he only served two terms in congress from nebraska. out of office in 1896, he was only 36 # years old, but he was a brilliant orator, traveling the united states all the time giving speeches. this is the populist movement where people were suffering under the country, and thane wanted the government to regulate railroads and the financial interest and provide relief to the terrible depression hitting the country. brian knew this. he actually believed and told his friends i'm going to the democratic convention to be the nominee. they said, you're crazy. nobody knows who you are. again, just an amazing thing. he was a brilliant speaker. went to the national convention, and it's considered the most thrilling moment. they had a debate over whether there should be an open money supply because there was tremendous deflation in the coun

women sufferage, as well as african-americans moving from south to north, it split through the democratic party and you get strum thurman in 1948 and a long steady road to the erosion of white southern democratic support for the national party because they continue to make gains in civil rights. eisenhower is fairly moderate, even though he's a republican, it suggests that the race question is gaining a national foothold that can't be put in the bottle. by the time you get to the early 1960s that sustained civil rights activism, there's a move towards repudiation of the democratic party and ultimately a strategy emerges and republicans take over the south. >> i wanted to ask you about the political support for progressive causes because i think the article -- an excerpt you write about the early 20th century. >> well, it goes up farther to world war i at least, was one period when there was a lot of white, middle class, working class people, small farmers and business people that were not on the left but sympathized with the poor labor, the things that people on the left like eugene were seeing

only 23% say they had been contacted by the democratic party in two years. independents ripe for the political picking have not been contacted by either party in the last two years. reaching out to asian american voters mean reaching out to all who call themselves asian american. chinese, filipino, and indian americans, to vietnam americans, asia is a big continent, you get the big picture, can the political potential be mobilized into a single bloc? with me, actress and comedian margaret cho, and bill snyder, and jane junn and jelani cobb. thank you to everyone for being here. i am excited about the idea that finally we may start talking in media about asian american voters in the way we have long talked about black american voters. is that the wrong way to think about it? >> think after jeremy lin after everything counts. we're all finally in the game. superexciting. i don't know. i think for my family in particular, we talked about this before, so hard for them to take ownership of political power and to vote, that they felt like they belonged in this cou

host: what do you think about the democratic party? caller: i'm a democrat. host: how do you feel the party has evolved. it sounds like you take issue with with what jay cost is safplgte give us your counter point. caller: specifically he's probably mentioned tammany hall five or six times. i haven't read his book. i can't comment on that. but from the way he's presented it tammany hall was a machine in one state, a republican state, for about 30 years, 100 years ago. he finds it somehow emblematic of the democratic party and the way it works. when that's not true. specifically if you look at institutions like the democratic party in wisconsin and minnesota how it was coalition of farm groups that came together. and formed the coalition in the late 1940's with labor. even to this day you have the democratic party so-called the farm labor party in minnesota. host: thanks for your call, don. just so you know we are trying to balance out the show. we have a liberal guest coming on next. jay cost, as you mentioned is a writer for "the weekly standard" a. conservat

he's the man who helped shape the message of the democratic party across the commonwealth of virginia and he's got clout because as we all know this november virginia will be a battleground state between president obama and mitt romney they also have a very close senate race which could even decide who will control the u.s. senate next year but that's not exactly the point of this story you see brian moran also has a second job here's his fancy title executive vice president for the government relations and general counsel of the association of private sector colleges and universities where that really means is around lobbies for those for profit colleges the university of phoenix the strayer's the kaplan universities of the world we've covered for profit colleges many times on the show they've been under the microscope for the high cost and low graduation rate their aggressive marketing and their low quality of education to top it all off not only that it turns out they also play a major role in student loan debt problem that we have here in the u.s. check this figure out only eleven

first of all he has raised the bar for the democratic party. were debating the last new months whether or not this should be part of the party platform. >> it will be now. >> now it has to be. there are a lot of democrats still on the fence and a lot of democrats in those swing states and there will give them a little bit of courage, and when they are able to say what they believe, you don't have to agree with a politician all the time, but want to know where you stand, they want to know you have conviction. people will support even if they disagree. they don't like the romney-ification. >> did you make up a ward? >> yeah, but that was the problem for the president. he was becoming more and more like the person he was running against. >> hi gains more points in being clear and strong than he would in -- you know straddling. polls came out this week, saying 57% of independents are in favor of gay marriage. >> sure. and i'm sure they played all of that out. they put themselves in a box, the president was in a tough position. he did the right thin

thank you, is there a government rift in the democratic party right now between the pro-business betterle like corey booker, and the rank and file democrats? i'm more of an absentee plant parent. [ cellphone rings ] tuscaloosa? schenectady. des moines. ok. ok. ok. i can't always be there to weed my petunias. so now we use miracle-gro shake 'n feed plus weed preventer. it feeds plants and prevents weeds for up to three months. so my plants grow bigger, more beautiful, without all the weeds. guaranteed. [ cellphone rings ] with miracle-gro shake 'n feed, anyone can have a green thumb. [ cellphone rings ] everyone grows with miracle-gro. >>> president obama has a big league among latino voters according to our telemundo poll. he has a 34 point lead, 61 to 27. he carried a latino vote by a similar spread in 2008. another challenge is getting la teen knows to vote. only seven in ten said they were exciting to vote this time around. [ banker ] mike and brenda found a house that they really wanted. it was in my sister's neighborhood. i told you it was perfect for you guys. literally across the

i think first of all he's raised the bar for the democratic party and now we actually have to meet him. we were debating whether or not this should be part of the party platform for the convention. >> it will be now. >> now it has to be. we have to back our president. there are a lot of departments still on the fence and in those swing states that are in the fence. this will give them a little bit of courage. here's the good thing. when they are able to say what they believe. you don't have to agree with a politician all the time, but people want to know where they stand. people will support you, even if they disagree with you on this. what they don't like is he equivocation. they don't like when someone is on both sides of every issue. >> romney. >> that was the problem for the president, wasn't it? it was becoming more and more like the person he was running against who didn't have the conviction, now the president does on this. that's a stark contrast to mitt romney. >> he gains more points being clear and strong than he would in, you know, straddling for sure at least with independ

. >> welcome to the democratic party. the democratic party is a party based on wall street. not like there's the president has -- that's just how it is. >> but these rules of engagement. the governor setting are so careful. don't offend anybody. be careful -- governor, you have run negative ads. everyone does. but you said you don't believe in negative ads, give me a bring, you guys all run negative ads, don't you? >> i ran very few. but chris, do you think vampires is a good way it describe what they did, what bain did? i don't think they are vampires, but i didn't think they are job creators. john, correct me if i'm wrong on the facts here. they took a hundred million out and i understand workers lost part of their pension and almost all of their health care. couldn't they have taken 80 million out and save some of that money to give work ears little pension and healthcare relief as they are losing their jobs? isn't that a legitimate question about where your values are? >> of course it a legitimate question. look, what case is that there are and i will cite steve ratener

this is one demographic that has really soundly increased for the democratic party. that's a significant voting block. it can't be ignored by the republican party. >> i would say to you that i am not sure that the message of the republican party should have for americans anything different from the rest of america, the free enterprise system works, it gives people the opportunity to rise above the circumstances of their birth, do better for themselves and leave their children better off. i think that argument is particularly effective in the hispanic community because all of us are but a generation removed from those hopes. >> greta: how do you get it to resonate? i mean, both governor romney says all of those things, how do you get it to connect so it's believable. >> i think you need to say it and you need to explain how the policies work, as i tried to do today. my father was a bartendener a hotel because we had a big enough economy to have people come to miami beach and stay there. our dreams are directly related to the size of our economy and the policies we purs

what is the biggest uncertainty as chair of the democratic party that concerns you the most? guest: as an american, what continues to concern me the most is that we need to work together, to focus on getting this economy to continue to move forward, and to make the progress we have made under president obama and to create jobs and make sure all americans have an opportunity to be successful. that is what keeps me up at night as a policymaker and as the head of the national party. i really would love as a mom, frankly, to see, to go back to work next tuesday in washington and see a bunch of my republican colleagues decide that they should put aside the polarization, the divisiveness and start focusing on the outcome -- stop focusing on the up, and won election and realize that it is important for us to work together. host: debbie wasserman schultz joining us from florida, the chair of the democratic national committee. thanks for being with us this memorial day weekend. thanks for your time. let me follow up on your point about fund raising. you have been writing about the pro

we know to build a strong democratic party. we must honor the core principals of our party and champion the rights of every citizen. four former heads have signed on to the effort and so have more than 40 elected officials including the house minority leader nancy pelosi and mark udall of colorado and so has the man that is chairing the democratic national convention, los angeles mayor. there's really only one thing that seems like it could block official democratic party support for marriage equality. in the modern era, party platforms are unofficially he handed down by the nominee. there are very few platform fights. the context is that. with very little notice in fanfare the democratic party now appears to be on a collision course toward a platform fight. the kind of plat norm fight you rarely see anymore. the kind of platform fight that would be distracting and embarrassing for the president of the united states. if he wants to maintain his current position on this issue and keep the party platform in line with him, he woul

that point, the conservatives around bill buckley were not sure whether the republican party or democratic party would make it a better vehicle for their cause. maybe even a third party could have been a realistic possibility. as it turned out, the party machinery was captured in 1964 for the nomination of barry goldwater. this did not limit them by any means. after that, there was a fight by the moderates to retake control of the party to retain some influence of the party. that continued throughout the 1960s and 1970s. in many ways, richard nixon actually prefilled many of the -- fulfilled many of the longest held goals of the moderate movement. moderation was actually, which in the 1960s witnessed and preferences. they were not inheriting it, they were making a movement that they battled first at harvard, with young americans for freedom of the right and sts on their luck. -- on their left. eventually to make this moderation into a philosophy and operational opportunity of government. there's more that we remember. the thing that tends to dominate is the defeat. and the disappearance. and the

that is the court challenge of the democratic party. at is the thesis of my book, that there have come too many groups for the party to govern the entire public. host: if you would like to speak to jay cost, here are the numbers to call. the number to call for our democrat line is 202-737-0001. the number to call for our republican line is 202-737-0002. the number to call for our independent line is 202-628- 0205. jay cost, d thing there is ever a golden age of the democratic party? a time when it fulfilled its mission? guest: i think all political parties have this problem to some extent. their goal is to acquire the control the whole government. they never do that by getting the whole load in the country. the only get a portion. there's this tension within both political parties to support and reward their. their contributors, their donors, their base, while also governing the entire country. in the book, i conceive it as a balancing act. it is expected for political leaders like roosevelt to take care of his own voters. is this sort o

i wish these people would get together and democratic party would be a democratic party and fight this. get rid of these blue dogs and get this country straightened out because the other party's interest is only in the rich men and corporate interest and convince all of their voters through fox news to think the same way. that's what's destroying this country. >> it's my understanding that the routing in the keystone project has been modified to address many environmental concerns. that's why, as i understand the republican governor of nebraska has switched from antito a proposition in this. that's why trans canada in the week or two refile with their application which was a necessary step no getting the project moving again with the proper agencies. the proper agencies, i'm sure, are looking very seriously at the environmental concerns that the caller legitimately raised and the liability issues the caller legitimately raised. i'm sure that these issues will be paramount at the top of the agenda before the abced give final signoff to the keystone project. and you're right, it's being

cultural modernism as well as african-americans moveing for the south to the north, it split to the democratic party and you get strom thurman who represents the dixiecrats in 1948 and there is a long steady road to the erosion of white southern democratic support for the national party. the national party under truman makes gains and eisenhower is fairly moderate even though he is a republican, it suggests that the race question is gaining a so by the time you get to the early 1960s and the wake of sustained civil rights activism, there's a move towards the repudiation of the democratic party, and ultimately a republican strategy emerges and republicans take over the south. >> i want to ask you about the political support for progressive causes, because i think an excerpt from your book "american dreamers", you write about the working class support of progressive ideas and causes. >> in the period of 1912 was one period when there was a lot of white middle class, working class people, small farmer,s small business people were not on the left. but they sympathized with the anti-monopoly, anti-trust,

firmly inside the democratic party's camp. you're frounwning, i know. >> just resigned to it. >> don't resign from it. we still want you. >> is it sustainable. a majority of jews favor democrats, on issues, what can republicans offer to turn them in a different direction, bill? >> look, this is not about talk and magic words. people aren't stupid. people have to make up their minds whether the policies work. has president obama advanced an in graduation agenda, put his political capital on the line as president bush and senator mccain did in '06 and '07. but it is labor that is now the barrier to reform more than elements of the republican party. there are elements of the republican party that are bad. do you think obama's economic policies are working terrifically well? should the government have 25% of gdp? will tax hikes be good or bad? those are legitimate policy questions. you're all adults. you can make up your own mind. i would ask people take a fresh look. make up their own minds. mitt romney. one time governor of barn

that's intestifiable, that rift, in the democratic party, in the modern democratic party.t to the point where you see a conflict between the notion of fairness and notion of growth. i mean you can't get real growth in the economy unless have a more equitable distrib bugs of income because over the past 30 years so much income and wealth has gone to the very top that vast majority doesn't have the purchasing power to keet economy going? wasn't it liberal henry ford who said he wanted his auto workers to be able to afford one it hen said he wanted one of his workers to afford one of his cars? that was a reasonable conservative gentleman. your thoughts about this battle? >> i i'm not sure it's the same battle between center and right, and the left and center left. but it seems to be there is a lousy -- not lousy noisy group of people that are offended their wealth is being questioned. >> politicians in the new york area, like corey booker, get a lot of campaign contributions from wealthy financiers including people in private equity. so they are nicer to those folks. i think

the democratic party has always outspent the republican party.n the 2008 election the democratic party spend about $14.7 million compared to $7 million by the republicans. in the 2010 election, the democratic party spend $15.3 million compared to a $11.6 million by republican candidates. they have the advantage of millions of dollars and outspent by 25 percent. but in about 2010 devoted for the republicans. -- they add voted for the republicans. on the public policy debate, i supported growing government alternatives. i engaged in communications to educate voters on where the candidates stand on the issue. host: we want to tell our viewers, give them a sense of how much you have been involved ended baltics over the years on the financial side. you were also in the state legislature as well. they have their blog, open secrets about money and politics. they found that the pope family has contributed about $390,000 since 1990, with every cent going to republicans. that includes you and your wife. you drive have contributed about one under $65,000. d

is the growing momentum behind an effort to put a plank supporting marriage equality into the democratic party platform this year. if you were to poll the delegates of the democratic convention, a plank would almost certainly win by a landslide. a group called freedom to marry has penned an open letter and started a petition calling for such a plank. 11 state party chairs including chairs in texas and kansas have signed on to that petition. the texas democratic party chair saying, quote, in texas we love all our families. we know to build a strong democratic party. a strong texas, we must honor the core principles of our party and champion the rights of every citizen. four former heads have signed on to the effort and so have more than 40 elected officials including the house minority leader nancy pelosi, and senator mark udall of colorado. so has the man who is actually chairing the democratic national convention, los angeles mayor anton antonio viller fwrks osa. there's really only one thing that seems like it could block official democratic party support for marriage equality. in the modern

someone would classified myself as be on the center right, this is though center right of the democratic partyn the republican party, and i want to help and be part of it. >>neil: thank you very much, who knew jesus a california -- a capitalist, a priest is calling some lawmakers out for stupidity. if two minutes i will do my holy best and try to get him to try to say it as it is. man: 1939 -- my parents ran across an ad for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and set it up someplace." so my parents went to bank of america. they met with the branch manager and they said, "look, we've got this little hot dog cart, and it's on a really good corner. let's see if we can buy the property." and the branch manager said, "all right, i will take a chance with the two of you." and we've been loyal to bank of america for the last 71 years. >>neil: lawmakers look to high taxes maybe they should look to the heaven to the priest who says the rant against the 1 purr -- 1 percenters harms the father, and the father built a career on helping the poor and got the liber

doing better for their constituents in the case of the governors than the equivalents in the democratic party. >> please, barney. >>le well, first to be accused by bill, speaking on behalf of the republicans, of insufficient commitment to rational immigration policy is like being called silly by the three stooges. and i mean that with no disrespect. because -- no, to the three stooges. shemp howard born horowitz was married to my cousin, babe frank. >> now that's impressive. >> we never met. >> but the point is -- yes, we have taught immigration and it has been the republicans demagoguing it including mitt romney who has moved far to the right on this. but as to the broader issues, no, i think, again there was extremism, not the republicans. if you look at the house of representatives, if you look at wait they vote on issues they have gone far to the right. and -- the -- the key issue i would have is this. one of the definitionize have, with some of my republican friends, we differ with some conservatives, democrats, as to how much we should continue to maintain an active policy of america ha

both are stallworth members of the democratic party. kirsten, begin with you, should you and marianne, both of you, scold the democrats who are demonizing the rich in this poll? >> well, i don't think they are demonizing the rich, actually. i think that they, first of all, a 2% of democrats actually do think we should have a class of rich people, which i disagree with. but i think the issue is the class that we aren't supposed to have classes in this country as you know this country was founded on the idea of equality and not having aristocracies and classes of people living radically different lives. i think that the question for me is why do so many republicans think we should have a rich class? >> bill: all right. well, kirsten, you made so many mistakes in that opening monologue. >> i can't wait to hear. >> bill: i want to point out that people like john adams and thomas jefferson and benjamin franklin were all members of the moneyed class and lived a lot differently than all the other colonists who were running around trying to gro

the democrat party has always outspent the republican party.ring the 2000 election, the democrat party can it spent about $14.70 million to the $7 million by the republicans. in the 2010 election, the democratic party spent $15.3 million compared to the $6 million by republican candidates. they outspent republicans by 25%, but in 2010, the voters voted, and this was breaking the legislature. i have made contributions. alternatives to growing government. and i have engaged in a campaign to educate the voters on where the incumbent candidates stand on the issue. host: give us a sense about how much you have been involved on the financial side? the state legislature, as well. this is from the center of responsive politics. this is about money and politics. the research found that the family contributed about $390,000 to federal candidates since 1990, with every cent of that going to republicans. that includes you and your wife. you alone have contributed about $65,000, and your parents, when they were alive, contributed about $224 thousand. there

i have one clear difference with the way bill shaped it when he said there is a center left democratic party and center right republican party. used to be. there has been a center right republican party. unfortunately, the republican party has moved much further to the right. and as thomas mann and norm ornstein just documented, political science has documented there has been some movement apart. the republicans have moved further right than democrats moved further left. bill just testified to that by his dig at those of us s who are sensible liberal for not attacking our president because he has not been able to get done everything we want. but the fact is that, the republican party has moved entirely to the right so we now have as major debate in foreign policy on the republican side, whether or not the fact that you are gay disables you from being a foreign policy adviser. that has taken us s beyond the realm of rationality. if you look at the republican party in the house, you sadly no longer have a center right republican party if i hope you will. i have been proud to work with a lot of

democrats to get something done. one of the things we have spoken of a great deal is my desire to help build a republican party into theajority so that the word bipartisanship means maybe some democrats will come my way. >> in the meantime, we have divided leadership. maybe we will have a republican president and republican senate. if you were here today, i know you believe the deficit is a big crisis facing the country, correct? >> i absolutely do. >> if there was a deal that had $3 in spending cuts for every $1 in tax increases and the math said it is wa a credible deal to reduce the deficit, could you vote for that if it was the only way to get enough democrats to support it and get a president to sign it? >> i have said many times we need to make sure we are not continuing to raise the debt without serious reductions. if the bill is crafted in such a way we can get the deficit narrowing and we are not going to be significantly adding to the debt, that would have to be considered. the big issue is whether we will have people that stand on their principles. the modern definition of by party tan ship is the democrats

the democratic party if you think they are guilty yes, in fact they are.are guilty of not doing more to indict some of the bad bankers -- >> it's not a mistake. >> it doesn't matter if it's an accident or intentional. what cory booker's book said he doesn't think everybody in private equity is a bad apple. he equated it with jeremiah wright which was foolish. >> if people like corps other or hal ford, jr. was not sellout -- booker is not a total sellout, hal is. >> i agree. >> and they pose as democrats et cetera. when they come on, and they say private equity is a good thing, but sometimes it is a bad thing. i say that's fair. but that's not what they say -- they come down and go private equity i love private equity. thank you! thank you! >> first of all there are democrats who agree with this. there is steven ratner and harold ford. and let's to some people who are supporting this thing. >> bain capital's responsibility was not to create a hundred thousand jobs or some other number it was to make money for its investors, and it did it very well. >> i wou