business leadership network and in partnership with senator harkin and the u.s. chamber of commerce is bringing business together to learn from each other. what business can do is they respond to their peers. it's complicated. there are a see of government programs out there and it's hard to navigate those resources. >> woodruff: i saw two months ago the government accounting office took the government to task for not doing enough. they issued a report saying the federal government was not making enough progress two years after president obama said it should be a priority to hire, what, 100,000 people before 2015. >> absolutely. this is not just restricted to the business community. it's in government, too. and we intend to hold this administration to its goals of hiring 100,000 people in the federal work force by 2015. they're behind and they better catch up. the important thing is we see a new attitude among businesses in this country and that's where the key is. government employment is okay. but we want people to be working in the private sector and businesse

iowa senator tom harkin is chairman of the health, education, labor and pension committee and joins me from the hill. senator, great to see you. thanks so much. what do you think of this exercise on the house floor? what's going to happen when it comes over to the senate? >> well, absolutely nothing. this is sheer political theater. it's wasting a lot of time and it's scaring a lot of people. but it's nothing -- this is the second time the house has voted to repeal the affordable care act in its entirety and i think if i'm not mistaken, the 33rd time they voted to repeal some part of the affordable care act. and every time, it goes nowhere because we're not going to do that in the senate. >> let me play a little bit of the speaker, john boehner, speaking just a few minutes ago about this on the floor. >> there's a better way and that's why we're here today. americans want a step by step approach that protects the access to care that they need

i thank senator boxer and senator harkin for their leadership. just as i was proud back in december of 2009 to join senator mikulski in sponsoring the women's health amendment to the affordable care act. we are here today celebrating the fact that tomorrow, august 1, women will have access to important health services at no cost. and senator boxer showed very clearly what a number of those preventive services are. thanks to the provisions of the affordable care act that go into effect this week, women will have access to a wide range of preventive services from well women and prenatal visits to gestational diabetes screenings, and they will have access to those services without co-payments or deductibles. so finances will no longer stand in the way of women getting the preventive health they need. this also has the potential to save our health care system money in the long run. the centers for disease control estimate that 75% of our health care spending is on people with chronic disease. so by taking these preventive measures, we can slow this g

they have a problem harkining back to romney dad and a big problem harkining back to bush/cheney. is there safer territory? >> there's two invented things you're dealing with. one is the invented reagan legacy, which they like to fall back on. a guy who would never raise taxes, but the second 1 is how they came to terms with the bush years. and it's basically what they decided to do is engage in a retroactive accountability campaign that cacked in about 2009. they said, oh, by the way, we were offended by the way this guy governors and the way he governed sold out conservatism as we understand it and set the groundwork for obama to be elected in 2008. the 0 to this, the response is to be even more absolutist, totally pure, and totally a washington, d.c. outsider. that's what gave rise to the tea party movement, the federal reserver taking hold of the republican party. romney, you look at his father, the picture with him with george w. bush, sr., you take a look at him as a secret conservative, a secret guy who is smarter than maybe he sounds, but he's demanding purity, and mitt ro

big picture tonight for more information on the stories we covered visit our web sites at the tom harkin dot com free speech to order r t dot com also check out our two youtube channels or a link to tom harkin dot com also a tom arbor dot com check out all the different ways you can send us your feedback they believe that message boards of blogs will go twenty four seven wide chat room got a brand new app for the i phone and the i pad it's completely optimize for the whole new i pad this boy and don't forget democracy begins with you get out there get active tag your it. cool. cool cool stories it's here for going global and it's only my. log in. choose your place take your stuff. to. make your statements. support the words. you point the stream flowing. is he ok. just. see.

senator tom harkin will be joining us.egment. before we get to your calls at 866-55-press, nia-malika, you mentioned mitt romney was in new york for a day or so. he was hanging out with donald trump. he had an interesting meeting with rupert murdoch, head of news world. murdoch and rupert tweeted afterwards that mitt romney has a tough road ahead of him. the only way he can win is da-da-da. and he ended up with the world "doubtful." he saw it t rupert is not high on mitt romney. he basic says he has to fire all of the folks that he has got around him now and who are advising him. otherwise, he wouldn't win. he was doubtful that he would do that. he talked about the obama team being just much more seasoned and experienced at this kind of thing. the pros in chicago. >> that's right. so did rupert have to tell anybody at fox news that maybe they had better maybe stop beating the romney drums? >> i don't think that message has yet gotten down to fox news yet. >> boy, the romney network. >> yeah. yeah. yeah. they are high on mi

host: senator harkin put out a lengthy document. one of the things he talked about was the department of education and what might happen. he said the potential report analyzes the impact of sequestration on programs. the total impact on each state would be much larger when all of the programs are taken into account. as far as cuts on the federal level, they will seep down as well. guest: exactly. that would also go into school districts. host: you are the first call for our guest. good morning. caller: what i want to know is when did it become such a bad thing to invest in education? to think abou tthe future? right now, given all these tax breaks to oil companies. basically doing everything you can to make sure this president fails -- i just don't understand it. it seems like our country is has completely lost its mind. infrastructure and education, these are things that help is civilization thrived. - a civilization thrive. why even fight if you are not going to do the things to help a civilization thrived? guest: a lot of that wa

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we'll talk to democratic senator tom harkin, who chairs the democratic committee on health. >>> pluss. the push to expand fertility treatments for wounded warriors. down here, folks measure commitment by what's getting done. the twenty billion dollars bp committed has helped fund economic and environmental recovery. long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. did you know honey nut cheerios is america's favorite cereal? oh, you're good! hey, did you know that honey nut cheerios is... oh you too! ooh, hey america's favorite cereal is... honey nut cheerios ok then off to iceland! ♪ power surge, let it blow your mind. [ male announcer ] for fruits, veggies and natural green tea energy... new v8 v-fusion plus energy. could've had a v8. with diabetes, urged us to oppos

senator harkin? >> thank you madam share. >> ebal recovered a little bit about the financial going under the in iowa over 200 million-dollar shortfall in the customer segregated accounts. a couple three observations. first of all, i find it hard to believe that one person with hundreds of employees dealing with all of these accounts could be the sole person responsible. i just find that hard to believe, and i hope the investigation will continue on to find out if there were others involved. second, the controlling agency that was the natural futures association, not you, not the cftc. the national futures association. i am astounded that this could go on for nearly two decades. and yet nobody checked to see where the bank statements for dillinger, who they were going to come if they were real or not. i just find that mind-boggling that no one at the nsa put the service which raises again the question in my mind that this issue of the self regulation. self regulation works only if you have a tight con

>> senator harkin, for going to checchi president obama's goal. there's many organizations. its established a club trying to achieve postsecondary for the nation. we have to focus on the students on the margins are going to college and this is predominately low and moderate income students. students from upper-income families know from the data they're going to college, generally successful once they're there and they frankly don't need assistance from the federal government in the form of merit based games. folks in the financially from a particularly grand is going to have the biggest bang for the buck, whether we talk about federal latecomer stater institutionally to accomplish the goals of increasing attainder rates can simply subsidizing students who would've gone to college anyway isn't going to give college graduates for the nation. this is where the emphasis in financial means testing is so critical of "the new york times" article is absolutely right. if you go back to the 1980s to less than 10% of state grants and maybe a third of institutional grants were awarded b

or see some other part of it and realized everything you thought you knew you don't know i'm tom harkin welcomes a big picture. everyone wants to be pretty. whether they're an old lady on engine driver. but it might be quite tricky to get a fancy haircut. because you live out here in siberia. and the only way to get to you is by train. welcome back to spotlight i'm algor nabhan just a reminder that my guest in the city had today is me high cheek sent me high professor author of the positive psychology concept. let's talk about about the concept and evolution you say you say they they they go together if you say human beings are and they you. unique opportunity the how the unique opportunity and obligation to become conscious but disciplined in evolution what does that mean and what does one have to do to take part in having the nation. well there is a saying that because. of all the life forms and on this planet somehow we. hundreds of thousands of years ago our ancestors started developing a new organ that was very underdeveloped before even in the apes the which is the brain of course

or see some other part of it and realized everything you thought you knew you don't know i'm tom harkin welcome to the big picture. there hasn't been a thing good on t.v. . it is to get the maximum political impact possible. before source material is what helps keep journalism honest we want. we want to present. something else. artie's top stories pan-american trade blocs argue whether the president's removal was a coup in his first major interview since being forced down fernando lugo to spanish language channel that the people won't stand for the fall of their democracy. rubber bullets fired at thousands of protesters marching across madrid who want to see more coal miners angry a mountain the government is attempting to save sixty five billion euros in return for an event ballot. and a warning to syrian rebels and the regime that they face consequences if they don't stick to the plan as the u.n. security council is urged to get them with here. and also says president also discussed with him formation of a transitional government. and now polls here with the latest. thank you very muc

>> the main reason i am here today is senator harkin, the champion for such a long time in the senateearing and i think the more people with disabilities understand they will actually be given a shot the more likely they're going to actually be interested in seeking out employment. one of the things that we have seen and senator harkin's recent report shows this, we have a new generation of people with disabilities who are coming into the job market. these are folks that have had more opportunities as kids to be in a traditional classroom. they understand. they know that they can make a real contribution and what this is all about now is making sure that they're given that chance throughout the country. i am pleased to be joining with senator harkin and also with congressman pete sessions of texas, a democrat, a republican, very different perspectives idealogically and on this issue they understand we have a responsibility and opportunity to give more people with disabilities a shot at real employment. >> and rare and welcomed bipartisanship. thank you very much for joining us this mo

i'm tom harkin welcome to the big picture. of the future science technology innovation all the latest developments from around russia we've got the future covered. it was a music performance that split russian society and could land three members of a female punk band in jail for up to seven years three feminist rockers from pussy riot have gone on trial in moscow for staging an anti-government punk prayer in the capital's main cathedral sarah firth now reports public opinion is torn between those who call the martyrs and others who say they are blasphemous. the trial is now underway for the three girls from the provocatively named pussy riot this comes also the high profile stunt back in february where they performed a protest in the center of quite the same kids the drill that gained widespread recognition on the internet that it calls outrage amongst the religious community with paycheck karylle calling it blasphemy now they stand accused of hooliganism motivated by religious hatred although still a to other girls have plea

we had senator tom harkin on the program yesterday.to understand these governors are basically just bloviating right now. he thinks once the state legislatures see that here's the federal government saying we'll pick up your cost. and save you -- the states, as you point out are paying 40% of medicaid. we're going to pick up all of it. we're going to save you all of the money and thin when we come back and you have to pay -- it will only be 10% not 40%. senator harkin thinks the state legislature will never reject this. >> i think he's probably right. the end of the day right now -- >> bill: the governors could lose their jobs. >> exactly. right now, it is about opposing obama care. it is a political move. but once this fight as we get to the election ends, something will happen, obama will win romney will win something will happen. it will be over the political fight. it is really going to come down to dollars and cents. actually, even the 10% they're going to have to pay it will be a net savings of money because right now, it is not

or see some other part of it and realized everything you thought you knew you don't know i'm tom harkin welcome to the big picture. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations rule the day. of the. hi guys it's time for you said it i read it right take time to respond to my brilliant and it gauging viewer comments from facebook twitter and you tube because we've got some to say i listen to our first comment tonight comes from tim davis who had this to say on facebook about our mainstream is the economic debate in the us is a sham he said sorry lona but i think this debate is real the consensus of economists have brought us to where we are today they are no more to be trusted and the politicians are now i'm totally with you just because most economists agree on something does not necessarily mean that it's true or that it's good policy and the financial crash is a wonderful example of that although of course there are those who are trying to sound the alarms for years before my point yeste

or see some other part of it and realized everything you thought you knew you don't know i'm tom harkin welcomes a big picture. as a welcome back to the kaiser report time now to go to rob kirby of kirby analytics rob kirby has been a way out ahead of everybody looking at the price dislocation the rigging of markets the failure of price signals and looking at the failure of price signals to understand that there's institutionalized fraud going on all over the world rob kirby welcome to the kaiser report nice to be with you max all right rob darby your latest post on your newsletter is called live or reading the tip of the iceberg tell us about the lab or a crime how did it happen and what's underneath it the iceberg well but i'm a little max but what's underneath the live for scandal let's start with the exchange stabilization fund lawrence summers robert rubin hank paulson crude oil ben bernanke germany geithner the price of gold prices so for goldman sachs and. alan greenspan ok so barclays is barclays really the type of spare hours that talk about that a little bit well no actually b

see some other part of it and realize that everything you thought you knew you don't know i'm tom harkin welcomes the big picture. shows started here. for going global. choose your place take your stand. and needs to. make your statement. to the world. she points to the line. in the. book i'm back to the kaiser report on max kaiser and my guest is stays ever so servant we have a guest lined up but it didn't happen because well it's leah mcgrath goodman and she has a great story about being banned from the u.k. because of her reporting on the child sexual abuse happening down in jersey but she has a p.c. with microsoft products so we always have a problem that whenever somebody has a macintosh there's never a problem once and all the years of doing the show and skype interviews yeah microsoft products they're just not ready for prime time they never were really ready for prime time but you know it got me thinking about apple because apple came in with the quarterly numbers and they were less than what people were expecting sales of i phones and dropped people waiting for i phone five so t

these provisions as senator harkin has so eloquently said, will save lives. opponents may not want to pay for those, but the reality is that because these provisions are going to go into effect tomorrow, that women will be better off, their families will be better off, and as we look at the underlying cost of health care in the system, we will be more cost-effective with these provisions. so it is great day for women and families. >> i am really proud to follow senator shaheen and to stand today with some of the giants in the senate, and i agree with everything that has been said except i think frank lautenberg said he was -- i think he used the word surprised by senator mikulski's tenacity and tirelessness. as someone whom i have really come to admire, i'm not surprised, but admiring. there are two giants not with us today who stood strong and tall, senator kennedy and senator dodd. and i am very honored to follow senator dodd as the senator from connecticut whose citizens, 270,000 of them, will benefit tomorrow. they will see this new day and new dawn and i

guys our final comment the night comes from community lobby you tweeted us surprised to hear tom harkin say the vote isn't guaranteed in the constitution is that so how can a marker see thrive with no right to vote well there is no actual right to vote in the constitution it's it was not put there by the founders because there were groups that they didn't want to vote back then and this is the original one of the original sins of america and we're still paying the price of it is the original sin that came out of slavery and it was wrong then it's wrong now we should actually amend the constitution to say that there is an affirmative right to vote that would then lead to things like voting day being a holiday and anybody being able to you know every american citizen be able to vote . coming up considering they complain whenever democrats spend money republicans are sure to spend millions of dollars themselves while we republicans hold ok spending money on political theater but not ok spending on programs that help americans like food stamps or unemployment i'll explain in tonight's daily

hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harkin welcomes a big picture. down the official ante up location to on the phone pulled touch from the jews ops to. life on the go. video on demand on t.v.'s mine will become. an r.s.s. feeds now in the palm of your. question on the dot com. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations are old today. mission free accreditation free transport charges free. range and free speech risk free speech to tide free. download free broadcast quality video for your media projects and free media and on the hard tom you've. been told started here before going global and now pulling viral. log in. to look around. choose your place change your stance. and the establishment. makes your statement. spread the word. occupy wall street a month.

see some other part of it and realize that everything you thought you knew you don't know i'm tom harkin locums a big picture. welcome back to the kaiser report i'm max kaiser time now to go to los angeles to talk to investigative journalist terry buell of terry buell dot com welcome back to the kaiser report terry buell maxes great to see you how you doing oh fantastic listen terry san bernadino county and several cities in california are floating the idea of using eminent domain to seize underwater homes tell us about the story and what sort of laws were broken it even concocting this plan you're right there tell us what's going on right ok so similar to you know county is in the inland empire in southern california and they've decided that they want to use eminent domain which is its own legal power that states and counties can use to take the loans. attached to homes they are underwater that are worth less than than what they did the loan for and they want to take on they want to take them away from the mortgage investors who currently own home. they then want to go ahead and modify

. >> chairman harkin, thank you for the opportunity to address you in the critical issue affecting our nation. i come to you today having conducted research on financial aid, tuition pricing policies and impact on college access for over 15 years and not as a representative of michigan state university. as you're aware, prices and universities have skyrocketed. over the last two decades, private institutions have grown more than three times faster than inflation and more importantly three times faster than median family income in our country. the purpose of my testimony today is not to examine the reason behind racing prices, but discuss the government of colleges and universities can do to ensure college remains accessible across units. my remarks are focused on what we can do to promote low and moderate income families because it is these students who were on the margins of attending college and needs we need to focus on if we are to achieve, senator harkin mentioned president obama's goal of returning the united states to world education. for poorer students come with a sticker or t

i was really pleased, i was honored to join senator tom harkin and congressman pete sessions at this meeting. it was in connecticut. and included senior level executives, including many ceo's from companies that employ hundreds of thousands of people and more likely than not in each of your states. ,ompanies like america rougroupl best buy, ibm, merck, lowe's, ups, walgreen's and wal- mart to name a few. those companies do not have a lot in common and what they sell or how they sell it. each has a different mission and each has a different corporate culture. i can tell you that having senator tom harkin and pete sessions working together, these two really impressive guys do not live anywhere near each other on the ideological spectrum but when it comes to this issue they are very much together. and those leaders realize the common value and the common purpose behind this issue and they shared stories about how investing in people with disabilities and giving them a chance for employment, this is not just about what makes the social sense. this is good for their bottom line. that is n

we led with senator harkin and senator d.o.d. working with the good -- senator dodd working with the good men and women, we brought forward the women's preventive health care amendment. we suited up. we've put on our good stick and we were able to pass this legislation. and what does it mean? it means that we will be able to have access to those early detection and screening things who are breast cancer, colon rectal cancer, all those dreaded c words that we were terror find of. we know -- terrofide of. we didn't just want to write the benefit. we wanted to turn to the learned society like the institutes of medicine to say, what were the essential services, and that's why they came up with the annual checkup, the breast-feeding support, the domestic violence screening as well as access to contraception. what we now will be able to do was the top pillars of women will no longer go undetected. the kind of support services we need to be healthy, to be good mothers and to be able to have our family life will be able to do it. and we

i want to thank senator harkin for his leadership and amazing work on this issue. and i want to plead with my colleagues, on behalf of these students and their families, on behalf of taxpayers who are subsidizing these schools, join us in setting standards so that there is an opportunity for children, young people, to get the education they need without inheriting the debts that can drag them down for a lifetime. mr. president, i yield the floor. mr. isakson: mr. president? the presiding officer: the senator from georgia. mr. isakson: i ask unanimous consent to address the senate as if in morning business. the presiding officer: without objection. mr. isakson: mr. president, this morning i got some very sad news. the state of georgia and the people of my state lost a giant in the health care industry. tim stack was my friend. he was also the president of the hospital that two years ago treated me and treated me well, which is why i'm standing here tamed he was a giant in health care not just in georgia but in america. so on behalf of myself and all the citizens in

senator harkin. >> thank you, madam chair. covered about the financial that went under in iowa with over a $200 million short fall in customer accounts. first of all, i find it hard to believe, hard to believe, that one person with hundreds of employees dealing with all of these accounts would be the sole person responsible for this. i find that hard to believe, and i hope the investigations will continue on to find out if there were others involved. secondly, the controlling agency for that was the national futures association, not you. not the cftc. the national futures association. i'm astounded that this could go on for nearly two decades, and yet nobody checked to see where the bank statements were going, who they were going to, if they were real or not. i'm just -- i find that mind boggling that no one could discern this which raises, 2k3we7b, the question in my mind the question of self-regulation. you know, self-regulation works if you have really tight controls from the regulatory body over them, which is you, the cft

see some other part of it and realize that everything you thought you knew you don't know i'm tom harkin welcomes a big picture. issue free. education free. for judges free. range month free. three stooges free. and free book video for your media project a free media gun to our t.v. dot com.

, president of levy harkins.ith us this morning. let's talk about the bond market and what you're calling a big bond bubble. why? >> because interest rates are so low for so long, and they're so very dangerous, the arithmetic of the bond market is unforgiving. if you buy a ten-year treasury today, this morning, you get 1.5%. okay, a year from now, if interest rates, by some miracle, good times break out, this is the united states, it's happened once or twice before, and good times break out, and interest rates go to 2.5%, that bond you purchased today will be down eight points. you'll have paid 102.25 and you'll get about 94 and change. >> listening to this gentleman on the set, you would have no sense -- i don't know, i don't want to misstate this, i'm not sure you would think good times. >> you're about to, andrew. >> i'm not sure good times are a-comin' and we've had a number of people on the set who said that. >> interest rates are not good times. this is not the apocalypse. this is kind of okay, life goes on

how we oversee the functions as senator harkin and roberts also referenced. we have to be reflective. we might findings over the years that we wish we had done better at the cftc, too. we should not shy away from that. it we have to see what we can do better as well. >> my last question, do you have any initial impressions or opinions of how the national features association or the cftc missed this fraud over the last 20 years? " i think we will learn a lot more facts. we are going to look at the audit files and see specifically what was nfa looking at and it will be part of the investigation. we will be reviewing our selves, too, and having people looking at how we examine the examiners, how we look it up. i look forward to sharing as we learn more of the facts. >> i will yield back my time. >> thank you very much. >> thank you, madam chairman for holding today's oversight hearing. i think we all know in the last two years since dodd-frank has been signed into law there have been too many stark reminders of the financial crisis of 2008 and the necessary reas

. >> for the past three years democratic senator tom harkin, chairman of the senate education committee, has been investigating the industry. a harsh critic, he says students at for-profit colleges take out more student loans, default more often, and have a higher rate of unemployment than students at traditional schools. a december 2011 report by the gao confirmed his findings. >> the for-profit schools, because of their business model, target low income people because the lower your income, the more pell grants you get and the more student loans you're eligible for. so it's in their interest to go after those poor students. >> it is a business, and the business is to make profit? that's what for-profit is about. >> and my business is to protect the taxpayers of america, to try to protect the students, to let them know what they're up against. >> some for-profit executives acknowledge their students are more likely to default, but they say it's because they serve a low income population that is underserved by traditional colleges. they also say many students take out loans for expenses

. >> senator tom harkin, always a pleasure to see you, sir. thank you so much. >> thank you, chris. you. >>> what's one supreme court ruling between friends? well, quite a bit it turns out. a significant shift in how republicans feel about supreme court justice john roberts since he wrote the majority opinion upholding the health care reform law. republicans hold a net 63 point positive view of roberts when confirmed. that turned to a 17 point negative. the rating among democrats, as you might expect, has gone up. have to slow you down. with better car replacement, if your car is totaled, we give you the money for a car one model year newer. liberty mutual auto insurance. ♪ something to me ♪ that nobody else could do use the points we earn with our citi thankyou card for a relaxing vacation. ♪ sometimes, we go for a ride in the park. maybe do a little sightseeing. or, get some fresh air. but this summer, we used our thank youpoints to just hang out with a few friends in london. [ male announcer ] the citi thankyou visa card. redeem the points you've earned to travel with no restrict

harkin: mr.president, two years ago, not long after i became chairman of the senate's health, education, labor and pensions committee, i made the decision to undertake an investigation of the for-profit sector of higher education. my reason for doing so was compelling. congress had just finished making huge new investments in the pell grant program. meanwhile, enrollment in for-profit colleges had increased 225%. over the previous ten years compared to 31% for the rest of higher education. so this is what we were looking at. the enrollment in the for-profit sector kept going up, and finally in 2006, it took a huge increase up to from $765,000 in 2001 to $2.5 million almost in 2010 -- from 765,000 in 2001 to 2.5 million almost in 2010. while students at for-profit colleges minneapolis up up to 10% of all the students, for-profit colleges now were receiving almost 25% of all student loans and pell grants. meanwhile, troubling reports began to surface. prospective students being lied to by aggressiv

harkin reset calls that are -- how can we set long-term goals that can be achieved by your successor? that is a true goal. that is preserving the core and stimulating progress. thank you. [applause] >> we will make sure that we have time. i want to give the governor of colorado the first question. he is engaged in a public- private partnership with us. he has set best practices for nebraska, and i appreciate it. >> i took a bunch of top business leaders to nebraska last week. we were stealing every good idea weekend. there were plenty there. governors do have a tendency to -- they can live anywhere in the world. as you were talking and describing each of us challenged our teams, the question of, who has the right seat on the bus? this book that just came out last week, by a colorado author geoff smart, is on that very issue -- how do we get that on the government? there are a million exceptions, but the traits that create sustainable growth in businesses, the discipline, the ability to be productively paranoid, responsibly cautious, that is good in business but oftentimes get lost --

i was honored to join senator tom harkin and congressman pete sessions at this meeting. it was in connecticut and it included senior level executives, including many ceo's from companies that employ hundreds of thousands of people. more likely than night, in each of your states, companies like america group, best buy, best clark co., ernst and young, ibm, lows, mclane co., merck, asap, proctor and gamble, ups, walgreen's, and wal-mart. that is just to name a few. those companies do not have a lot in common in what they sell or how they sell it. each has a different mission and a different corporate culture. i can tell you that having senator tom harkin and pete sessions working together, these two really impressive guys don't live anywhere near each other on the ideological spectrum. but when it comes to this issue, they're very much together. and those companies and those leaders realize the value and the common purpose in this story. they shared how giving them a chance for employment, this is not just about what makes social sense. this is good for their bottom line.

the bill is sponsored by tom harkin and peter boccaccio.ents of every $100 of financial trade. it would cost the average investor less than a dollar a year while reducing reckless trading that increases market volatility. >> it is .03%, but it will still generate about $35 billion a year in income, income that could be used to rebuild the economy and infrastructure and other investments or money that could be used to help defray our deficit. reporter: these as i'm going to show you right now with bill my and ben kingsley make the case that you can get really big money from these targeted speculative wall street guys in a very small price for everybody else. but opponents say the financial transaction tax would not reduce the high frequency trading butts on those people offshore. >> they recognize that the text was there to raise money. this is really not a regulatory change in this. all this really is is an attempt to reach into someone's pocket and extract more tax money. >> union support will eventually get onboard with them. we know rece