american taxpayers, along with fiat, helped bail chrysler out a few years back. fiat has gradually been raising its stake, and today it bought the last of the u.s. shares along with a small stake held by canada, so tonight fiat owns 53% of this once proud and formerly all-american brand, and at the end of the day the u.s. treasury estimates american taxpayers lost $1.3 billion on this deal. >>> up next here tonight, is it possible while one era ends another one is about to begin? more material today, some audio >>> the nixon library released more material today, some audio of the president, but mostly a trove of memos, many written by folks who are still around and still in the public eye, and they show people during a markedly different era, many of them fierce in their defense of the president. >> buhler. >> before ben stein was a deadpan actor and tv personality, he was a nixon white house aide. now you get to read his idea that the white house should commission a country western song about a woman whose p.o.w. husband is home from vietnam in time for christma

introduce us to the fiat. the new fiat. >> it is right here behind us. we have sean evans.ard everyone. 18-year-old college students to the 80-year-old grandmother. the car is perfect for anyone who wants to get great gas mileage and have a fun car to drive. >> it looks fun, but a lot of times small cars, one of the biggest things that comes up is safety. >> it is five-star crash rating. seven air bags standard on all models. >> the steering wheel is over there. i'm a big guy. i'm 6'4". i'll hop in here and see how it fits out. surprisingly, there is a lot of room. how has this been received so far? >> nothing but great things to say about it. customers love it. it is fun to drive. it is a very unique car. >> we have talked about rising fuel prices. people are concerned about fuel efficiency. >> it gets over 40 miles per gallon. >> pretty nice. not bad. this is the beautiful white model. it has a top. >> a cabrio model. fully retractable roof all the way back to the rear. >> beautiful. very nice. this pushes up. the trunk pops up. >> you can open the trunk. >> how about tha

that was owed by the old chrysler before it went bankrupt before it was sold to fiat. >> carter, have the nasdaq market site. carter evans in new york. >>> for republican candidates hoping to snag the 2012 bid, it's a jungle out there. here is jon stewart with the morning punch line. >> to become their party's nominee, they will need strength! they will need agility! they will need luck! mostly to survive they'll need money. >> rick santorum, not so much, half a million. >> $500,000 in the war chest, bye-bye. >> what about the old silver back, newt gingrich? by the way, that's not a wildlife metaphor, he stopped shaving his back when he left congress. >> i wonder how "the daily show" will depict pawlenty's demise? if a pawlenty campaign falls in the woods, does it make a sound? >> her main cain raised $2.5 million. >> $2.5 million for herman cain? that's a lot of pepperoni for the godfather of buffet style pizza. there's one candidate who seems to be gaining strength by the day, michele bachmann. >> michele bachmann's migraines and whether this should be considered a campaign issue. >

years earlier than expected, the government has sold its entire investment in chrysler to italy's fiat. now the majority shareholder. >>> and, finally, prince william and wife, catherine, flying home from the u.s. commercial to save taxpayers paid off in more ways than one. to compensate the royal couple and others for the video system on the ten-hour flight breaking down, british airways offered each $300 vouchers for duty-free shopping. wonder what they bought. >>> the rays caught the yanks. the braves bought the rockies, and can it be ten years of peace between the owners and players in the nfl? >>> plus, the padres come up big with the leather. holding back the marlins. your early morning sports headlines are straight ahead. >>> well, with today being the peak of our historic heat wave, that means the weekend has to be better, right? well, your forecast is coming up. you're watching "early today." >>> good morning. if are you just waking up, this is "early today." in sports at times it looked bleak, and it is not a done deal yet, but it looks like there may be football this year af

i would look very attentive if fiat were interviewing the president. >> it is interesting. -- if i were interviewing the president. >> it was interesting. there was no small talk. a lot of people say this. he came into the room. we shook hands. he said i have been thoroughly briefed, fire away. that was the extent of the prelude to the interview. he had thought about a lot of these issues and was well- rehearsed. -- versed. >> is he or is he not a post- racial president? >> he realizes we are not in a post-racial country. it is still an important issue. but, he is trying to run what he thinks of as a race-neutral administration. he is asked often by african- american reporters if he has an african-american agenda, and his answer is, at this time, my overall agenda is the best thing to help african-americans. it is sort of a sense that he is not trying to develop an agenda specifically for african- americans, and i think, politically, that is probably smart. >> when you look at presidents, it is often said that arthur like kitchen cabinets -- they are like kitchen cabinets. did any afric

that makes fiat the majority owner.ll told, the new chrysler-- created during bankruptcy-- repaid more than $11 billion in federal aid. the old chrysler-- left with the automaker's bad debts-- is not expected to repay some $1.3 billion to the treasury. the federal aviation administration may be forced to shut down tomorrow night, disrupting the u.s. aviation system. congress has been unable to agree on legislation that extends the f.a.a.'s operating authority. transportation secretary ray lahood warned today the agency will have to stop collecting ticket taxes. and billions of dollars in airport construction will be halted. >> we have now reached a breaking point. unacceptable provisions in the house version of the faa bill holding up passage of another extension. this is no way to run the best aviation system in the world. >> sreenivasan: without an agreement, some 4,000 f.a.a. workers will be furloughed. a famed figure in the art world lucian freud died overnight at his home in london. the grandson of sigmund freud wa

years earlier than expected, the government has sold its entire investment in chrysler to italy's fiatow the majority shareholder. >>> and finally, prince william and wife kathrcat catherine fle commercial home. to compensate, british airways offered each $300 vouchers if are duty free shopping. a lot of cases of rum. suitcases. >>> well, the rays caught the yanks, and can it be ten years of peace between the owners and the players in the nfl? >>> plus the padres come up big with the leather, holding back the marlins. your first look at sports is straight ahead. you're watching "first look" on msnbc. >>> welcome back to "first look." i'm lynn berry. in sports, at times it looked bleak and it's not a done deal yet, but it looks like there may be football this year after all. here's fred roggin. >> good morning. i know you're ready for some football. it appears the nfl owners are ready. they approved a collective bargaining agreement yesterday. now it's up to the players. they have until tuesday to vote on a new cba. the players have made it clear they'll take as much time as they need t

italian automaker fiat bought out the government's stake in the company. it has run chrysler since it emerged from bankruptcy protection. all told, chrysler got a total of $12.5 billion in taxpayer funds. >>> consumers who get turned down for credit are entitled to see the report and their score for free. new rules went into effect on thursday to require creditors to send the information if they deny you credit or give you less than favorable terms. consumers had to pay to see the scores before the new regulations were put in effect. >>> it's reported apple is looking at the possibility of acquiring the video streaming pioneer, hulu. apple is in the preliminary stages of looking at hulu. it streams television shows and movies over the net. apple is sitting on $76 billion in cash and investments. >>> apple had a problem for a long time of counterfeiters selling knockoffs of iphones and ipads. but there's a new one now. an american visitor stumbled on to this apple store in china. just one problem -- the entire store is a fake selling knockoff apple products

winner: up 30% thanks to a batch of new models, including the newly redesigned dodge durango and the fiat 500. toyota and honda both post sales declines of more than 20%. korean automakers gained ground: hyundai up 16%. kia 41%. cars.com senior editor joe wiesenfelder says their small cars are in demand. >> yes, i do believe that hyundai and kia are taking advantage of some of the shortages in supply from honda and toyota. people that might have considered japanese might be willing to look at a korean manufacturer. generally speaking though, i think that hyundai and kia are doing well because they've been doing great work recently. they just keep adding more and more strong products. >> susie: while small, fuel efficient cars were top sellers last month, the recent drop in gas prices helped fuel an increase in truck and s.u.v. sales across the major brands. tom, a lot of demand for stocks today. this was one those days that almost everything was this the green, including the dow 30 component. >> tom: yes, rare to rise ahead of a holiday, long holiday weekend, susie, we usually see volume

fiat is now the majority owner in chrysler. the government committed a total of $12.5 billion to chrysler as part of the auto rescue. to date, treasury says it's gotten back just over $11 billion. officials say it's unlikely to recover the remaining $1.3 billion. >> susie: creating cost- effective, energy efficient homes. it's a tall order, especially when you up the ante and say those houses have to be attractive. college students will compete to build them this fall. tonight, we continue our series, "planet forward," a partnership with the george washington university social media project using your ideas to power our future. frank sesno takes us behind the scenes on the race to build the best solar home. >> reporter: when you hear "decathlon," you think of this-- ( gunshot ). but every two years, teams of a different sort of decathletes from all around the world are gathering in washington, d.c. meet the team from middlebury college in vermont. they've been submitting videos to planet forward in the run-up to the solar decat

fiat is building the 500 in mexico. so these are near-shore opportunities for small car production. >> reporter: it could take months for g.m. to know if the sonic is a hit with consumers, and if this experiment in orion township can pave the way for its future. diane eastabrook, "nightly business report," orion township, michigan. >> susie: a lot of "red" here at the new york stock exchange today as investors sold stocks on worries that lawmakers are still at odds on a debt deal. let's take a look at tonight's "market focus." nearly all of the 30 stocks that make up the dow jones industrial average were lower. leading the stock sell-off? the industrial and information technology sectors. caterpillar led the way, off more than 3.5%, followed by cisco, down about the same. it fell in sympathy with rival juniper networks, which took a big hit on weak earnings. dow components alcoa and dupont also experienced heavy selling, both off more than 2.5%. but there was one star of the dow. it was boeing, thanks to solid earnings

coming back to chrysler, the majority owner is now fiat, the italian carmaker. by the end of thisse eyear, the will own around 59%. the rest of course is owned by the united auto workers. have a great weekend. >> i appreciate it. thanks very much. >>> as the national unemployment rate rises to 9.2%, there is one area in california specifically that actually is predicting significant job growth. according to a new study released this week, silicon valley employers plan to expand their workforce by 15% over the next two years. nbc's tom brokaw has the latest from that region. >> reporter: silicon valley, the moth moth mother load of high tech has the biggest names to go public for astronomical prices and that means a lot of suddenly wealthy people are in the market for a new car with a pricey name. or a new home. there's no housing prices in the silicon valley. >> you're having homes sell over list price, not only over but sometimes several thousand over. >> reporter: who are these people getting rich or hoping to in the middle of a great recession. >> record brea

host:: fiat the majority share holder, and the government recovered $11.2 billion of the $12.5 it had committed to the chrysler rescue. about $1.3 it cost the taxpayers. also from the washington times, mexican cartel members nabbed in money probe in that paper this morning. morning. u.s.a. today is telling us, president "gas reverses." "gas costs reverse course, climb up ." up ." and in washington there is talk of an f.a.a. furlough. "the washington post" suggests if it happens it would affect nearly 1,000 in the f -- in the washington region. 432,000 workers would be furloughed nationwide. however, air traffic controllers would remain on the job. they sought to reassure the identifying public would not be compromised if the stalemate results in a partial shutdown, according to secretary ray lahood. good morning. are you a democrat and you are on the air. caller: yes, thank you. i am speaking to the people who were bashing president obama. it is not his fault we are in the position that we are in. it is the last president. and to say that he is cutting all medicaid, he's not cutting a

and fiat bought u.s.s last remaining shares in chrysler, now holding a majority stake in the company, $11.2 billion of a $12.5 billion bailout paid back. but rest is not likely to be recovered. and european leaders drawing up new economic rescue plans, sending wall street on a buying spree. the dow shot up 152 points. and s and p 500 gained 17. >> and we have had a lot of breaking news late today, including a possible settlement in nfl lock out. >> and from massage to acupuncture, alternative treatments available for bay area women returning home from war. stay with us. >>> a bay area medical sent jer making a unique program available to veterans returning from iraq and afghanistan. it's designed for female vets offering therapies targeted to their physical and emotional needs. >> i will ask you to close your eyes. let that peaceful quality travel through all parts of you. >> army veterans are learning to manage emotions haunting her for months. diagnosed with post traumatic stress disorder after returnin

and another fiat for schools, what u.c. officials arararararar >>> a daring double rescue on merced river. four deputies were swept down the stream when their rescue boat got caught in debris. >> i was on the phone. i was just telling her what happened and keep her updated. we were there almost two hours. >> because of some ignorance about the ravaging waters at merced river caused our officers to get in distress. >> that rescue ended up taking ten hours when a member of a second sheriff's department team also had to be rescued. there were 14 just on the merced river in 24 hours. high temperatures are melting the snow pack making the rivers fast and swollen and very dangerous. >> a big finish on wall street. stocks had the biggest weekly gain in two years. dow jones soared 168 points, it's going to open at 12582. the dow was up 5.5% jump for the week. nasdaq was also up and s&p 500 rose 19. >> for u.c. students economic news not so good. they are preparing to recommend a 10% tuition increase for the board of regents that wo

. >> they're hosting a town hall meeting of fiat twitter. it is scheduled airport on wednesday in the east room. twitter users will all will be limited to launder 40 characters. 3 camp pendleton marines facing court-martial. descendant of the controversy is a lesbian couple they just said that they wanted to live as a couple of days. >> he met and started dating three years ago about six months later she wanted to live off base like a normal copper but she couldn't a reported. they were questioned sert best military charges were brought against her and other marines involved. there is now a conspiracy here where not trend is still from any body we just wanted to be like normal people >> they all but $75,000 back to the government. none of them have the funds to pay the government back. >> was it worth it for which you did? >> is beautiful to be with our everyday it's somewhat like being a normal couple. >> the marines were charged with conspiracy and giving false statements and adultery. >> they are looking at honorable discharge and our red

lawyers who don't give a darn about what the law is are now starting to change the laws by regulatory fiat. if we allow that to happen, even people who are for what they want to do should not allow that to happen. apparently a commitment to democratic and true majority rule only matters when it suits certain people's politics. the senator from iowa compared it to senate and school board elections suggesting only the majority of those voting is necessary to prevail. this is a misguided comparison. first, union elections are not a choice among competing representatives. they are instead held to determine whether the workers want to be represented at all. even setting that aside, how many school boards are going to be empowered to make decisions that affect every hour of every day an employee goes to work? how many senators are elected to serve a small, narrowly defined group of constituents? and in the end if your vote is not counted in a senate or school board election, you'll get another chance to vote just a few years down the line. employees voting in these union elections have no such o

the treasury department has sold its remaining 98,000 chrysler shares to italian auto maker fiat for $560 million. in order to get the deal done, though, the treasury department had to eat the remaining $1.3 billion from the $12.5 billion bail-out of the company. officials say taxpayers should not expect to get that money back. chrysler earned a net income of $116 million in the first quarter alone and is forecasting a half billion dollars in earnings next year. >>> back and forth between the fellow lawmakers democrat debbie wasserman schultz and republican allen west is not showing signs of stopping. this west this week fired off angry e-mail to wasserman schultz for questioning his stance on medicare. and west called her vile, unprofessional and despicable but insists he is not apologizing. >> i stand by what i said. she was the one who publicly released it out to the media. i had no intention of that happening. >> bret: earlier west tweeted u.s. is in crisis and everyone wants to talk about congressional members not getting along. it's insummitting to americans to waste airtime on

fiat has run the company since 2009.w suspects arrested in the beating of a san francisco giants fan outside dodgers stadium. 42-year-old brian stowe suffered brain damage in the march 31 attack. a law enforcement official says if the district attorney office files a case against the men the original suspect will be exonerated. i'm marianne rafferty. now, back to "on the record." >>> it was iowa since we last visit. >> i remember that well. governor, a big problem here in washington. i'm going to give you a hypothetical. imagine you are president of the united states and you have the cut, cap and balance sitting on the table. a lot of people like it. by the way, do you like it or not? >> it has its moments. it is not enough. it has its moments. we need to cut 1% from the gdp. $140 billion. real simple cash do away with all energy subsidies for big oil and ethanol and do away with the department of energy. trump had it right on your show. we need to be energy independent. we can do it by the end of the decade, greta. ther

treasury selling remaining shares of chrysler to the italian car maker fiat.lection officials say exsenator john edwards owes them more than $2 million over an accounting mistake during his presidential campaign. john edwards' lawyers deny it. and number one, the family of a woman who died at the california mansion rejecting claims that she may have committed suicide and that's "the fox report's" top five. and on this day in the year 1862 then president martin van buren slipped into a coma. he had served as the nation's eighth president and was the first commander and chief born an american citizen. he also had a reputation for enjoying fine clothing, fine food, and a lot of alcohol. historians say his love of drink led to the nickname blue whiskey van. but the habit also may have contributed to his long list of illnesses including frequent colds, asthma, and gout. he died three days after he fell into that coma. but a former president began to fade away 149

if you have people that drive better cars, top-down government fiat controls will not feature. if the price of gas goes up, boom, people will -- if there's a market incentive for innovating better batteries, for example, like the nissan lever some of these. they are getting better. we have the least to go. not sure what the battery problem is. other than aliso 100-mile range is problematic for much of driving in los angeles without constant plug-in stations and that takes too long. but he didn't market forces will help get there. >> thank you for coming. could you describe how it takes longer to reject false claims and to accept true ones? and -- i said that backwards. >> you got it correct. >> implications for policy. spirit ring research shows that if it scans subject arrangement mri scanner while they are pushing buttons, believing -- the process of believing something like pushing the button true, false, not sure. i think that's true happens much faster. the cognitive processing in the brain happens much faster than i am not sure in having it. and by the way, doubting somet

that's according to the treasury department which said today it sold its remaining stake in chrysler to fiat half a billion dollars. >>> and the shuttle "atlantis" landed at the kennedy space center marking the end of a 30-year-old space shuttle program. at mission control there were tears and applause and a cake shaped like the shuttle. john, i saw the live pictures of the shuttle being moved from the landing strip, and it was quite something, the end of an era. >> what about the landing, itself? last time i was here, i got the same answer to every question, i was sleeping. how about the landing? >> yeah. i was sleeping. >> you were sleeping? >> yeah. but were you up? >> no, ways not. i was also -- well, there's a new baby in my house so i was sort of sleeping. sort of in between. >> oh, the new baby argument. the new baby defense, i appreciate it. >> that's awful of me, isn't it? stay put. time for the shot. this one is pretty much a shoo-in. the "360" staff is crazy about this, the dogs. watch this. this little guy as clever as they come. we found this on kill some time.com. highly recomm

fiat bought the remain is u.s. shares in the company. >>> the u.s.overnment's remaining shares in the company meaning the government's $12.5 billion bailout ended up costing taxpayers $1.3 billion. >>> we'll be right back. this past year alone there was a 93% increase in cyber attacks. in financial transactions... on devices... in social interactions... and applications in the cloud. some companies are worried. some, not so much. thanks to a network that secures it all and knows what to keep in, and what to keep out. outsmart the threats. see how at cisco.com cisco. years ago, my mother taught me. and over the years, i've taught my family. we've created so much here together. so when my doctor said that over those years my high cholesterol was contributing to plaque buildup in my arteries, i listened. and that's why i'm fighting my cholesterol with crestor. [ male announcer ] when diet and exercise alone aren't enough, adding crestor does more than lower bad cholesterol and raise the good. crestor is also proven to slow plaque buildup in arteries. cr

so they want to prevent us by constitutional fiat from balancing the budget at a higher level of expenditures that would allow us -- let me make one last point on medicare because we heard about the democrats cut $500 billion. what we did was we eliminated the subsidy, 114% subsidy going to medicare advantage plans. we did do that. and you know what? republicans say what a terrible thing, but if you look at their bunt, they assume that change. -- budget. they assume that change. they keep that change. what they do is what we did which is use the savings to close the prescription drug doughnut hole. the republican budget would needly reopen that doughnut hole. so they took the savings that they are complaining about, they didn't use any of it to close the doughnut hole. again the fundamental question is this. we all understand that we've got to reduce the deficit. we've got to bring the budget into balance. the question is, how we choose to do that. and why would we implant in the constitution a mechanism that stacks the deck in favor of choosing to cut medicare and social security and educati

the treasury department says it sold its last stake to fiat for more than half a billion dollars.009 bailout part of the troubled asset relief program for t.a.r.p. >>> "american morning's" back right after this break. over the south pacific in 1943. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. sure, but let me get a little information first. for broccoli, say one. for toys, say two. toys ! the system can't process your response at this time. what ? please call back between 8 and 5 central standard time. he's in control. goodbye. even kids know it's wrong to give someone the run around. at ally bank you never have to deal with an endless automated system. you can talk to a real person 24/7. it's just the right thing to do. you can talk to a real person 24/7. we inspect your

host: how do you feel being owned by fiat? guest: not happy about it, but we had a meltdown in this country, we had banks collapsing, and we did what needed to be done to rescue the economy. no one was happy about it. but sometimes you have to rise to the occasion and use the tools you have to ensure you don't have that break. caller: would you explain how ryan budget would end medicare? guest: sure, now you go to the doctor, and the doctor takes care of you and they are reimbursed. under the ryan plan, you have a doctor on the plan, your expenses may or may not be paid by that voucher. the congressional budget office said for that expense for seniors, that voucher would leave you out of pocket. that's the medicare benefit. that's the medicare benefit. under the ryan plan, nlrb and others will have to deal with. but if there is a corporation that is making a decision to escape their responsibilities or evade their responsibilities, i believe there needs on to be a due process for that issue. and that's why i am where i am on t

the government recently sold its remaining 6% stake to fiat for $560 million. the government originally loaned chrysler $12.5 billion, $11.2 billion of this was repaired. >>> almost half a million pounds have been confiscated. the find was the result of a joint raid. opium poppy can be used to make heroin and drugs, is considered a main source of funding for insurgents. >>> at least 22 deaths are being blamed on a blister heat wave that's covering you much of the united states. the national weather service says 55 record highs were broken yesterday. triple-digit temperatures are expected to remain ace cross the even u.s. in chile, however, it's cold weather causing problems there. they declared a catastrophe after a heavy snowstorm left roads blocked. you can see that snow in chile, that we're having they record-high temperatures. >> it's wind, and it's cold. it's summer here, it's hot. >> we're getting the extremes. >> thanks. >>> as soon as the death of bin laden, is the u.s. gunning for the most warranted terrorist dead or alive? i'll have the homeland secur

chrysler is fully owned by fiat. >>> you voted and we listened.he news winner. they are afghanistan's first female pilots. they are getting their wings right here in the u.s. >> the passion and dreams of these four women easily cuts through their broken english. >> we're going to open the door for the ladies in afghanistan. it's a big day for us to open the doors for others, and the others that have dreams that think they cannot do it, we will show them. >> they are lieutenants. it's their dreams of piloting helicopters that could help change the future of women in their homeland. >> these women are path finders and trail blazers, and as much they are subject to the criticism and the an an tag naysam. >> we are women of afghanistan, and if you want to do something, you can do it. just believe yourself that you can do it. >> back home, these women are battling cultural shoefnism. >> we have examples, and maybe some think that it's not good that we are here. >> one of the english instructors say the future pilots want to redefine women in the afghan

we've got to stop this changing laws without the consent of congress just by the fiat of those on the national labor relations board and the national mediation board. it's not right. it's overturning hundreds of years of labor law and, frankly, it's wrong and i'm on the side of the house in this matter because of it. mr. durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: perhaps if i were as persuasive as my colleague has just said, he would not have objected. but having said that, when we speak about heavy hands, we don't have to worry about the heavy hand of the house on this issue because they went home. they took off. they left. which means that 4,000 people will be furloughed this evening. mr. president, i ask unanimous consent the senate proceed to the consideration of calendar number 104, s. 300. the presiding officer: the clerk will report. the clerk: calendar number 104, s. 300, a bill to prevent abuse of government charge cards. the presiding officer: is there objection to proceeding to the measure? without objection. mr. durbin: i ask unani

the campaign contribution laws in the united states, that needs to be done here, not by executive fiat. and to link it with the contracting process is inevitably going to raise questions, create fears and doubts and chill political speech. let's keep contracting and the awarding of contracts by the government of the united states separate from partisan political considerations and contributions. i think we would be better off and i thank my friend from georgia for yielding. mr. kingston: i yield back. the chair: the gentleman yields back the balance of his time. for what purpose does the gentlelady from california rise? ms. eshoo: i move to strike the last word. the chair: the gentlelady is recognized for five minutes. ms. eshoo: i just listened with great curiosity to the comments that were made about the so-called intent of the legislation. i don't see my colleagues on the other side bringing forward legislation that you have the power to pass given the number of votes that you have for full disclosure. if you are opposed to a draft executive order, if you're opposed to my coming to

host: how do you feel being owned by fiat?ppy about it, but we had a meltdown in this country, we had banks collapsing, and we did what needed to be done to rescue the economy. no one was happy about it. but sometimes you have to rise to the occasion and use the tools you have to ensure you don't have that break. caller: would you explain how ryan budget would end medicare? guest: sure, now you go to the doctor, and the doctor takes care of you and they are reimbursed. under the ryan plan, you have a doctor on the plan, your expenses may or may not be paid by that voucher. the congressional budget office said for that expense for seniors, that voucher would leave you out of pocket. that's the medicare benefit. that's the medicare benefit. under the ryan plan, caller: why should the department of education exist? but first, let us talk about the corporate situation. the labor movement in washington -- i am very upset that a corporation, after giving full employment to the workers in washington with no cut, and a new contract th

the assets that you have will be diminished in value as the government creates fiat money to pay for spending. tax expenditures are not tax cuts. tax expenditures are socialism and corporate welfarism. tax expenditures are increases on anyone who does not receive the benefit or can't hire a lobbyist or special interest group to manipulate the code for their favor. politicians love to play the tax code because it benefits the politicians. no conservative should support washington seeking winners and losers during the tax code. who do we want deciding this? markets or politicians? it's fine to talk tough on taxes but if you don't have a plan to right the ship, then you have no legitimate authority to even discuss the subject. i'm strongly opposed to tax rate increases and i will fights and. they are not necessary for us to write our ship and create jobs. this plan is not about what we are cutting or recommending to be cut. it's about what we are left with. a social security and health care system that works and are no longer on the verge of bankruptcy, and a fairer tax code and a much

when you couple that with this provision that says you need a two-thirds vote now by constitutional fiat but close corporate loopholes for the purpose of deficit reduction, you will guarantee those kinds of terrible decisions. >> with the gentleman from massachusetts yield? affetz answereck and that would be have a deal. >> medicare, and others show be exempted. that is the strict language of the bill. >> that is very false comfort. that says that if the congress does not get those particular targets, which is directed to dubai constitutional mandate now, then they can say they can exert -- exempts certain programs. it does not say that congress cannot and should not hit those programs for the purposes of it hitting the new structure written into the constitution. >> i appreciate jomon from massachusetts yielding. i will light up point out that mr. van hollen a studiously ource. going to the sto i like going to the source. h.r. 2560 shows that it is a 10- page bill. but page one is a listing of all the people who are co-sponsors. so it is basically an nine-page bill. also at the beginnin

the only way that jobs will be created seriously, not through government fiat and direct government spending to be general economic growth. and what you don't see from either party is a sustained effort to create economic growth. not in the public sector, which is unproductive. >> gretchen: are you all agreeing then that if there had been no stimulus, even if it cost $278,000 a job, that the economy would have been worse? >> i don't think that there is any way to know what would have happened. >> gretchen: you wouldn't advocate more stimulus now? >> this is an astonishingly ineffective use of government funds, even if the number of $278,000 is overstated, let's say $190,000 per job, that's preposterous, and remember, that money only is spent and only works as long as the stimulus exists. if these jobs are not continually funded, they go away again. >> gretchen: or the state ends up having to try and fund them. >> each individual state. >> gretchen: final thought? >> the white house also pointed out that a lot of this went toward infrastructure. if you're building a factory, that creates long