after the two thousand and eight financial crisis our nation was facing a choice to go the way of f.d.r.'s new deal that produce the forty golden years of the middle class from one thousand nine hundred nine hundred eighty or go the way of the conservative conservatives whose policies of tax cuts for the rich are created were teen trillion dollars in debt ever since reagan first started this and impoverished working people ever since reagan declared war on working people shortly after president obama won the presidency in two thousand and eight time magazine ran this cover speculating that he'd sweep into office in this time of peril and push through a new deal to uplift the working class just like f.d.r. did after all what he campaigned on but today more than two years into his presidency barack obama is looking more like f.d.r.'s predecessor herbert hubert hoover america's little plain nero who let the great depression blanket our economy thanks to poor decisions and inaction. and the stakes couldn't be higher after hoover blew up the economy republicans were banished to the political

campaigned on but today more than two years into his presidency barack obama is looking more like f.d.r.'s predecessor herbert hubert hoover america's little play nero who let the great depression blanket our economy thanks to poor decisions and in action. and the stakes couldn't be higher after hoover blew up the economy republicans were banished to the political wilderness for almost a half century and today if president obama doesn't start making the right decisions and fight these insane policies that republicans are pushing then he will be responsible for destroying the democratic party for decades mr president work on you we need to fight for us because the republicans sure as hell a lot and that's it for the big picture tonight don't forget democracy begins when you get out there and do that to tag your it will see more. wealthy british style. market. mind on what's really happening to the global economy was much stronger for a no holds barred look at the global financial headlines two kinds of reports.

f.d.r. and into the first few years of the new deal where they were striking down. child labor laws the court was striking down minimum wage laws is unconstitutional we have republicans now who are arguing those same positions that there are those are all constitutional positions. do you think it's possible that this court could get as as crazy right wing as the walker court was back and back in the pre. f.d.r. in thirty six try to stack the court they are kind of got religion and thirty seven but you know before that i don't think this court well because you there's a twice life we found now in conservative politics you know the same it is the half life or radioactive materials there's a very short twice life where after that period of time the right is twice as crazy as it was before and so you know when george bush was president you certainly this sort of aggressive pro corporate. mentality was very dominant but this idea that child labor laws would be unconstitutional that social securit

capitalism is about risk or you or risk reward winners or losers like this you say this is this is what f.d.r. guaranteed during the depression when he brought in the f.c.c. and f.b.i. seeing all the reforms like plastic but the last five years thanks to j.p. morgan goldman sachs we have something like this we call your money. it's a small international headlines this hour twelve men killed until we did a brood side bomb in northwestern pakistan it's always a convoy carrying a prominent islam and supplements and should just solder is the words be the second attack on the same politician in the last two days here again a skate on hartley's truck and several shots were destroyed at the blogs. the un security council has voted unanimously for an immediate end to violence in the ivory coast sanctions will be imposed on combat pows in law by bo and his inner circle the council agreed un peacekeepers should be able to use all means necessary to protect civilians the vote comes the supporters of the internationally recognized president al assad tyler seize control of the administrative capital as we

capitalism is about risk reward risk reward winners and losers like this you say this is this is what f.d.r. guaranteed during the depression when he brought in the f.c.c. and f.b.i. cia and all the reforms like last legal but the last twenty five years banks to j.p. morgan goldman sachs we have something like this we take all your money. there are some other international stories making headlines this hour twelve people happing twenty wounded on a roadside bomb in northwestern pakistan it's told that a convoy carrying a prominent islamize politician. it's still to be the second attack on the same politician in the last two days again escaped unharmed but a police truck and several shots were destroyed in the blogs. the un security council has voted unanimously for an immediate end to violence in the ivory coast sanctions will be imposed on eight hundred president bowen's in a circle but council the un peacekeepers should be able to use all means necessary to protect civilians but those calls as supporters of the internationally recognized president out of other seize control of the adminis

capitalism is about risk reward risk reward winners and losers like this you say this was this is what f.d.r. guaranteed very depression when he brought in the f.c.c. and if you guys see it all the reforms like classical but the last twenty five years thanks to j.p. morgan goldman sachs we have something like this. we. more of that a little later back to the news now though and you can work at the damage fukushima nuclear plants being hampered by the dangerously fluctuating radiation in and around the facility a highly radioactive substance has now been found in groundwater near the plant it's ten thousand times more than normal levels and the levels of nearby seawater now estimated to be four and a half thousand times more than normal the highest figures recorded in the city since the beginning of the nuclear crisis experts think it may be caused by highly radioactive cooling water leaking from the plant also the u.n. has now found contaminated soil forty kilometers from the facility and once the twenty kilometer evacuation zone to be expanded powers government though says the findings requ

capitalism is about risk reward risk reward winners and losers but this is a this is this is what f.d.r. guaranteed throwing of oppression when he brought in the f.c.c. and f.b.i. seeing all the reforms like last legal but the last twenty five years to j.p. morgan goldman sachs we have something like this. eek. well now to some international stories making headlines this hour the un security council has voted unanimously for an immediate end to violence in ivory coast sanctions will be imposed on incumbent president laurent bribery and his inner circle the council of brutal u.n. peacekeepers should be able to meet all means necessary to protect civilians the vote comes as supporters of the internationally recognized president alassane ouattara seems to control the administrative capital as well as ivory coast second largest port. former american presidents jimmy carter has criticized u.s. policy towards cuba at the end of a three day visit to the audience of several decades of financial and economic sanctions ended reform carter urged an immediate end to the u.s. imposed trade embargo a

capitalism is about risk reward risk reward winners and losers like this you say this is this is what f.d.r. garrard see during the depression when he brought in the f.c.c. and at the i.c. and all the reforms like last eagle but the last twenty five years banks to j.p. morgan goldman sachs we have something like this. we call your money. sucker so the average net worth of billionaires on forbes billionaire list is now three point seven billion compared to three point five billion in two thousand and nine it dramatically increased at the top so carlos slim is still the richest man but his wealth in two thousand and ten increased by twenty billion for example but then steve forbes the guy who runs forbes magazine he says these are creators they're not plutocrats these are do or making things happen and when they do well we all do well when he's lying they're not creators they're not do or they're or clucked or kratz they're stealing money from the system it's like defending cancer saying that cancer is somehow beneficial to the host no cancer is destroying the host the top fortune or forbes l

capitalism is about rares korea war where you war winners and losers like this and say this is this is what f.d.r. guaranteed the president when he brought in the f.c.c. an f.b.i. thing and other reforms like last year got but the last five years. we have something like this. we. eat. now to some international stories making headlines this hour the u.n. security council has voted unanimously for an immediate end to violence in ivory coast sanctions will be imposed on incumbent presidents were invited for his inner circle casting agreed on when these people should be able to or means necessary to protect civilians votes came with supporters of the internationally recognized president alassane ouattara seize control minister to capital. former american presidents jimmy carter has criticized u.s. policy toward cuba at the end of a three day visit to the island he said decades of financial and economic sanctions have ended before the controversial u.k. and the u.s. imposed trade embargo and travel ban unproductive he was seen off by cuban leader who just said he was pleased with the. police in syria

capitalism is about risk reward risk reward winners and losers like this you say this is this is what f.d.r. guaranteed during the depression when he brought in the f.c.c. and the f.b.i. thing and all the reforms like last legal but the last five years thanks to j.p. morgan goldman sachs we have something like this we call your money. i want to show in the phone about ten minutes time before the patriot and business desk called the latest from the world stay with us. thanks for being with us here on r.t. and welcome to the business bulletin new rules the russian state companies have been spelled out by president medvedev he says regulation needs to be significantly improved in order to help the country's investment climate be a credit deal it in order to reduce the influence of state companies on the investment climate we need to do three things first of all to publicize the show jewel of state companies privatisation of the next three years then to eliminate practices where government ministers hold positions on the board of directors in competitive companies and thirdly state companies ne

they could trade goods and services without borrowing from big banks and it actually worked and so f.d.r. actually made them illegal because it was sucking energy from central banking for actually on developing local currencies here because i want to go back to another point and use up small businesses but the problem is these corporations are driving out to small businesses but whether it's walmart or another corporation isn't that the whole point the whole point for them is to make a profit is not a charity it's not a non-governmental organization. right but it's how they make a profit you know the problem is really for the last five six hundred years really since the invention of the chartered monopoly the way for a big company to make money is not by innovating the way for a big company to make money as. by extracting value either from resources or from people and then killed and so we can briefly the economy towards innovation rather than exploitation we're going to keep running up against the stand was there something else that you write about that i think should be brought into th

create in tar new industries industries that were created similarly during world war two for example by f.d.r. when we were in the depths of the depression the ratio of debt to g.d.p. in the depression was about fifty percent about the same as it is right now and by the end of world war two it went up to or better hundred twenty percent much more than it is right now and that was because the american people were borrowed from their self from themselves to completely reinvest it was the united states by the end of the war the united states was the most economically powerful country in the world we had almost fifty percent of the world's g.d.p. if it's such a bad thing to spend money because the economy is in terrible shape how do the opponents of increased spending increased investment in alternative energy explain that. it's nonsense economically and that's the economic part other part which i mentioned before is the vision for how do we imagine a future everything that exists in this world had to exist first in the manmade world and to exist first and somebody has money and that's probably t

jim de mint quoting f.d.r. i think that's going to explode he and his tea party base don't seem to believe in democracy and would rather see corporations running the show and that's very very. crazy alert return lindau puppy puppy a three month old puppy named wall he was euthanized over the weekend put to death due to overcrowding at an animal shelter in oklahoma after he was confirmed dead while he was tossed in the trash bin be collected the next morning. but perhaps by divine intervention wally arose again the next day an animal control officer noticed some commotion in the trash bin and sure enough there was wally just as healthy as can be veterinarian is now caring for wally until a new home can be found for him so far hundreds of families have responded to wally's finder dot com profile shows a reasonable medical explanation for why all these resurrection but i'd also like to offer this possible explanation. along the guy that. i was double crossed by a dirty rat actually this rat was a dog but his car r

declare war but to get support from the american people over there well the last time it happened was f.d.r. and and in fact it was interesting that eisenhower ran on a platform in fifty two of peace you know vote for peace vote for eisenhower was a slogan it's just it's it's really quite remarkable. congressman rangle we have just just a few seconds left very quick question i got a call from a dear friend on satellite phone from sudan today two years ago we did our show from sudan on the border with north sudan and are for should we given that we're now intervening in countries should we go after bashir i mean he's a he's a water war criminal in the hague. well i you know you have to go to defense the you certainly don't have to go to the office of management and budget because budget is off of the table even for discussion when you're talking about war but we have to determine whether the humanitarian relief which we all would like to do whether we're prepared to pay for it not only in dollars but to pay for it and their lives about young men and women who actually do the dying well we ha

he was the friend of every president from f.d.r. to jimmy carter. he had closer ties with some like eisenhower and nixon. he was a modernizing authoritarian weak vacillating. >> rose: so even at the height of his power he was weak and vacillating. it wasn't just here in the end when he was sic as well as when he was faced a three that he couldn't comprehend? >> well, that's the complication of his character. no mosaddegh era he is exactly that weak and vacillating character we see in '78. when he feels empowered, as he does in 1974, he has no problem making decisions. it's the kind of authoritarian personality, weak and vacillating when they feel weak and overriding and bullish when they feel strong. the shah had exactly these two aspects of his personality he could sit as he literally did behind the table and order the country to become a one-party system and to the absolute dread of the u.s. he increased the price of oil, he began a nuclear program that the u.s. was not in favor of but then three years later he wouldn't drink a glass of water with

. >>> finally, comedian bill murray has reportedly gotten a new deal to play f.d.r., the nation's 32nd 1939. five minutes past the hour right now. back over to erica, chris, and marysol. how about bill murray. >> maybe not your first choice, but -- >> love him. >> how about justice scalia and the tailgating. >> i was going to say, how about him showing up in court? >> may it please the court. >> you're not going to believe what happened to me. >> i don't tailgate at all. >> you are a very sa >>> this weather report sponsored by splenda, no calorie sweetener. it's sweet, and more. >> tnk >>> thanks so much. that's your latest weather. now back over to you guys. >> thank you very much. coming up here on the program, what is artificial food dye doing to your kids? as the government revisits a 40-year debate, we'll look at the latest research. this is "the early show" on cbs. research. this is "the early show" on cbs. is sweet... r and more. if you replace 3 tablespoons of sugar a day with splenda® you'll save 100 calories a day. that could help you lose up to 10 pounds in a year. that's h

he packed the board and on a 2-1 vote they overroad a provision put in by f.d.r., confirmed by truman, carter and others and then we heard this is an assault on democracy. folks have you ever seen a one-way democracy, the vote going in sticks and the vote going out is left the same? so please vote. this is not the case. i urge a no vote on this amendment. the chair: the gentleman's time has expired all time has expired. the question son the amendment offered by the gentleman from ohio. those in favor say aye. those opposed, no. in the opinion of the chair the ayes have it. >> mr. chairman. the chair: the gentleman from florida. mr. mica: i request a recorded vote. the chair: a vorded -- recorded vote is requested. pursuant to clause 8 of rule 18, further proceedings on the amendment will be postponed. it is now time to consider amendment number 22 printed in house report 112-46. for what purpose does the gentleman from missouri rise? mr. graves: thank you, mr. chairman, i have an amendment at the desk. the clerk: amendment number 22 printed in house report 112-46. offered by mr. grave

it came from bismarck, f.d.r. put it in place and it worked ok the way it was set up originally because you had lots of people working and very few made it to 65 years old. now people are living longer, which makes it more economically hard to make it work. second, you have fewer and farr people working -- fewer and fewer working and more getting to the age where we will draw social security. so the number of people working for the number receiving it the ratio is changing. that makes it problematic. the third thing is in the 1970's the rate of increase of social security payments to people was increased a lot more so than inflation. so, you have the social security payments are actually going up. so a combination of those things makes it so it doesn't work. but it is called an entitlement because it just assumes you hit a certain age you get money. certainly many people put more money into social security than they will ever get out of it. it wasn't a good investment for most. in fact most people would have been

f.d.r. figured out what to do in the new deal, create the w.p.a., put millions of people back to work and rebuild america. we're not going in that direction. why not? we don't have the money. we have to boar reit from banks? if we can borrow money from japan and from china and from the u.k. and from the cayman islands to manage our economy, well, if we can borrow money to keep wars going, hello, why can't we spend the money into circulation, take back the power which inherently is in the constitution and invest in the creation of jobs again. and put those 15 million americans back to work. create a revenue sharing program for the states so states aren't faltering anymore. have a national health care system so you don't have to worry about health care being on the bargaining table. absolutely make social security solid so there's never a question about a partial privatization which is another agenda some people would like to run here. it's not like we don't have within our grasp an ability to

so i've lived -- i've lived through the depression when we had the great leadership of f.d.r. i've -- i was i guess fortunate enough to serve overseas from near the end of world war ii and then china, japan, korea, et cetera. and i come from a family that's always had a part in military service. and in politics. i was very, very dace pointed by the -- disappointed by the bush administration's absolutely unspeakable war in iraq, which is the war of a corporate -- in my opinion -- i'm a registered independent but the war of a corporate stake against a country that had been already defeated in the gulf war and was only -- anybody knew it would only be a matter of time before saddam and his apparatus would be dismissed and big change would come in iraq. instead we lost 5,000 of our most precious young people who every one of them volunteered. and we mishandles the entire iraqi situation so horribly with the aftermath of that. i saw some of that in the philippines, but it was very brief. this was absolutely indescribable and now we're involved in a war in afghanistan. i see the cas

and if we will do that we will follow the presteps as history and even f.d.r. said, following the teachings in the bible. people have found it for help for ages. we do these things. future generations will be blessed because of us and not condemned. with that i yield back. the speaker pro tempore: the gentleman yields back his time. the chair lays before the house a communication. the clerk: the honorable the speaker, house of representatives. sir, my letter of march 3, 2007, notified you formally pursuant to rule 8 of the rules of the house of representatives that the committee on oversight and government reform has been served with a subpoena for documents issued by the united states district court for the district of columbia and in case now pending before -- in a case now pending before that court. it referenced the case as a civil case. in fact it is a criminal case. signed sincerely, darrell e. issa, chairman on the committee of oversight and government reform. it is ineffective and risks making our country less say. >> watch the whole hearing, including