they were flatfooted in the summer of 2009. they really led opponents do this. i think they're getting a chance in a very sober and serious and important way to tell americans what this bill for it -- will do for them, what it is already doing for them. this may not go as well as we hoped in 2008, but i will leave the another word that joe biden uses. this is a very, very big deal. this gives president obama the chance to go back to his base. i felt a different type of excitement and activism in the last week, where people are singing, wow, you know what? he has not done everything, but he has gotten a lot done. >> appreciate your self- censorship. >> yes, i was raised that way. >> thank you for that. this is not rocket science. i suspect this would also be raised higher the idea of the supreme court appointments. you have to take into account their age. with bared ginsberg. -- ruth ginsberg. this particular matter is, as it always does, particularly now for supreme court appointees. >> absolutely. i do not want to get carried away. i think chief justice roberts

i do not want you to be flatfooted. this is a discussion i am open to, but it is a discussion that needs to happen within and outside the mta. >> agreed. >> members of the board? >> one member of the public has an interest. mr. toronto? >> there are some topics that triggered my interest in this. i can understand budget discussions better than the average member of the public. i would like to thank the director for bringing up this issue. we used to get these reports from the representatives at the police department in the mta about taxi enforcement and their role at the traffic company. now we are not getting these reports. the director has not asked for them or presented them. we have to know if they are getting their money's worth. that is a valid question. some of that work that the traffic company does, that is a related issue ended is a good question to ask. people have brought up the topic of the taxi industry becoming a cash cow. is it explained better, where will this money come from in the taxi industry? i thi

since january this is not new the romney campaign knew this was coming and they've just been caught flatfooted ok when you want to jump in go ahead peter i well with even going away i just said go ahead what what if your guest just said that we've got to get more revenue and that is the most ridiculous thing i've ever heard my life the revenue is massive we've got to cut spending the united states of america is like a drug addict we are addicted to spending where shopaholics we don't need more revenue i pay plenty in taxes i pay way too much with all due respect stephen the reality is that x. communist countries your ex soviet republics all have flat ten to twenty percent. and tax rates well the united states of america has massive taxes and the average american pays taxes later in the year if you add up everything we owe that or any time in the history of america it's not about just the income tax rate on the federal level it's state it's local it's sales tax it's property tax it's business taxes we have the highest corporate tax in the world and you are chasing people away one of the biggest

i think he's little caught flatfooted and stepping on both sides and it's going to look like flip flopping all of those things that go back to question about romney. the obama campaign has set a trap for him. he is falling into that. i believe that. >>> rahm emanuel says that romney needs to quote stop whining. >>> in other news this morning time might be running out for two americans being held hostage in egypt. the abductor now threatening to kill them if authorities try to arrest them. those hostages are 61-year-old pastor michelle lewis and 39-year-old tourist both outside of the boston area. the tour bus was stopped and they were kidnapped. this happened in broad daylight. he was not looking for money he says. he's using the hostages as leverage to get his uncle free from prison. he claims his el was arrested and he says he is a diabetic not getting the i tension he needs behind bars. pastor lewis is also a diabetic. we learned the medication he had with him was on that bus when he was captured. his son had to fill in for him on sunday services both he and parishioners turning to god

it seems like they are caught flatfooted on this. >> what the situation with the desperate comments what from what they show is how dangerous an is she for the campaign. the issue is an individual mandate. what mitt romney did in 20007 and that's the issue that brought the tea party national prominence and one of the most politically charged issues to date and something he has to be careful with. now the obama campaign as we heard earlier, mitt romney doesn't stick to his guns. he is changing for political expediency and that's something you don't want to see. >> how does it not look like the tail is wagging the dog on health care? >> the challenge is the fact that the supreme court came out with the ruling that it's the tax. the democrats don't want to rule on the idea that they imposed a tax. they want us to embrace the constitutionality of it while ignoring the rest of it. it's a tax and a penalty and hard to communicate that to a lot of people who were not mired in health care. this is not a problem for the romney campaign. this gives them an excellent opportunity to hit this preside

were caught flatfooted.id the german press build up to this? i was there an understanding that this was going on? guest: germany wants really to help and is doing that. germany is a powerful machine in europe. without germany's strength, i think you're would be much weaker. germany is not strong enough to pay all the bills in europe. it is just too much. very often i read in the american newspapers that they try to put pressure on germany saying that germans should spend more and go deeper into debt. this might be the interest of many countries, and maybe also from the u.s. because of germany is going to spend more, they might also buy more american products and this might be good for the american economy. president obama would be reelected. this might be the interest of the white house. germany has a demographic problem. if we don't have enough children. if we start to go too deep into debt and our economy gets weaker, this would be bad for germany but also for the rest of the world. host: texas, on our ind

were caught flatfooted. did the german press build up to this? i was there an understanding that this was going on? guest: germany wants really to help and is doing that. germany is a powerful machine in europe. without germany's strength, i think you're would be much weaker. germany is not strong enough to pay all the bills in europe. it is just too much. very often i read in the american newspapers that they try to put pressure on germany saying that germans should spend more and go deeper into debt. this might be the interest of many countries, and maybe also from the u.s. because of germany is going to spend more, they might also buy more american products and this might be good for the american economy. president obama would be reelected. this might be the interest of the white house. germany has a demographic problem. if we don't have enough children. if we start to go too deep into debt and our economy gets weaker, this would be bad for germany but also for the rest of the world. host: texas, on our i

i think a lot of people got caught flatfooted.probably where the sort of the underperformance has come. regardless, everybody's frustrated. most of the public think the stock market is having a terrible year. it's not. no wonder everybody's in a bad mood right now. let's talk a little bit about what's going on. the catalyst for the next rally is that short. the materials and industrials remain heavily, heavily shorted on the street. and yesterday i noted all throughout the day, there was no tremendous big rally in the materials and industrials. that tells me there was not a lot of short coffering going on. there's your basis for your next rally. the ecb meeting is next thursday. the big news will be around draghi. the expectations are a lot higher. the hollande/merkel comments are interesting. but i don't think they advance the argument much. the basic feeling is they'll do another ltro and liberalize the collateral terms. that's brought up the most this morning. other than that, did you notice the real estate companies that made