it is not the george wallace constituency. >> the repeated slogan, we've lost our country, we're going to take back our country, has nothing to do with debt, our deficit. that is something about who is running the country right now, and there is that late in this movement. to deny it, i think is to deny reality. >> that is total rubbish that the democrats run year after year. taking it back. if republicans are in office. that's a slogan everyone uses. it has no other implication. that is a slander. >> we'll see you next week. >> for the transcript of this broadcast, log on to insidewashington.tv. 'm very sor.

when liberalism stopped looking so inevitable, when voters elected richard nixon, when george wallace got more votes -- beloved felt, experienced -- though left felt a crisis of confidence. they retreated to the academy, hollywood, to foundations, to ngo's, to courts and bureaucracies, the unelected parts of government. one remarkable thing from the time of the 1960's to the present is it has been pushed much more by an elected officials than by elected ones. from billing 1960's decisions on school prayer and obscenity to the 1970's abortion cases, to the 1980's and 1990's actions on affirmative action and voting rights, the most controversial parts have not come from legislation, but from bushes by the courts and bureaucrats administering regulations. in response, ronald reagan called for constitutional amendments on different things. the philosophy of original intent was something that meese helped with. he adopted moral combat pilot because he had to worry about the soviet union, getting the budget under control, and partly because of internal weaknesses in his coalition. libertari

george wallace worked this very well. it is the same old song. >> one of the supposed it ignorant and free semi-racist people who was one against big government is the chairman of the federal reserve who said in congress today that under the budget proposals of this administration, we will go to wonder% of gdp in debt by the end of this decade. we will have a $1 trillion in debt service in 2020 with was us in the league of greece. that's why people are talking about taxes today. does about the inevitable -- it is about the inevitable increase in taxes which are coming. all that is on the way because of the policies of this government. >> last word, f

comparing the tea party people and really conservatives in general to the ku klux klan, to george wallace this is outrageous. where is the mainstream media? >> bill: i didn't see any -- i didn't see cohen get called by anybody whatsoever. >> that's the point. he didn't get called by his own party. >> bill: nobody. >> that's always asking republicans to call their people out. he didn't get called by the so-called objective mainstream media. >> bill: i take it a step further than that. you said, look, that the media, they have their own story line. these people. i think it's more than that this is why i say it's corrupt. i think in newsroom, not editorial boards, newsrooms like the "new york times," nbc, cnn to some extent. there is a feeling that we must promote and defend the obama administration. we have to. >> absolutely. >> bill: against the huns over at fox and "wall street journal." our mission here is what good about the president and what is bad. no. our mission is to use our power and founding father's privileges that they gave to the media not to inform anymore but to defend a si

african-americans, hostility toward gays, hostility to anybody who wasn't just, you know, a clone of george wallaceafraid they have taken over the republican party. >> i think it's cultural and these people are ready to be led by the nose and being led. just to be against barack obama. >> we have congressman cohen joining us right now from memphis. thank you for joining us. give me your insights right up front. i'm i'm a student of the tea party crowd. who are these people? how much is racial? how much is ideological and how much rooted in organizations like the no nothings, kkk, et cete cetera? >> i think there's a lot of it. on the health care vote i walked on the mall among the protesters at least a half hour. i took my congressional badge off, had shades on and walked around. it was a very homogenous group. almost 99% white. i saw a minimal number of african-americans, asians, native americans, they were so alike. after the hatred i saw exposed calling congressman john lewis, one of my heroes and congressman emanuel cleaver, another friend, the "n" word, and spitting on emmanuel cleaver just di

like jim crowe and george corley wallace.alk, virginia's new republican governor bob mcdonnell has declared april to be confederate history month. to read his proclamation you would think that the war was a joyous war of independence. great stuff all around. got overwhelmed by too much firepower up north. not a word about slavery being the issue or the election of abraham lincoln causing succession. former governor doug water of virginia says the confedate history month stuff is mind-boggling. we're going to talk about what just happened. >>> and will the real john mccain please stand up? never considered himself a maverick. could someone please remind him that he boasted about his

george corley wallace. what the world needs now more of this talk, virginia's new republican governor bob mcdonnell has declared april to be confederate history month. to read his proclamation you would think the war was a joyous war of independence. great stuff all around. got overwhelmed by too much firepower up north. not a word about slavery being the issue or the election of abraham lincoln causing succession. former governor doug water of virginia says the confederate history month stuff is mind-boggling. we're going to talk about what just happened. >>> and will the real john mccain please stand up? he now says he's never considered himself a maverick. could someone please remind him he boasted about his maverick credentials throughout the entire 2008 campaign? we'll remind him tonight, go to the videotape. we're rounding up the mavericks tonight. >>> also, why is president obama having so much trouble winning over white-working-class americans? and how can he win a mandate in 2012 he can't do the jo

wallace? mr. georgela that will go allies chair. >> -- go to the vice chair. >> i may have it put -- misunderstood, but i thought that you said you were concerned while you were at goldman sachs over something high in the derivatives market. >> to my knowledge, credit default swaps did not exist until much later. >> what were you concerned about? >> october 18 so, i thought we should have higher market derivatives for stress conditions so that derivatives can feed back in the cash markets why did you oppose it? that is the story we have. my views of the ones i sent out a little bit ago. the issues i have been devised upon by treasury, approaches within existing regulatory framework being considered are very uncertain >> wed the contrary, i was trying to >> we are out of time, can you submit it for the record? flax i will do that. >> i will state it quickly. >> do not answer it now because we do not have the time, but i would like you to respond in writing why it is >> as you respond to him it -- we do no