and i think we now know with the benefit of hindsight that extending an entitlement of that magnitude at a time when the economy was the worst it's been since the 1940s, having major new expenditure, even if it does not add to the deficit at a time when people are concerned about record deficits was just going to be a very heavy lift. >> rose: we conclude with jonathan cole, professor at columbia university where he served as provost and dean of faculties. his new book is called "the great american university." >> the greatness of american universities has more to do with the production of knowledge rather than the transmission of knowledge. and the production of knowledge through the discoveries that are made at these universities, the inventions, the devices, the medical miracles which have come from these universities have, in fact, transformed their lives in ways that they are really not terribly familiar with, don't realize that they really come from these great institutions, and therefore they're not aware that these institutions ought to really be protected. >> rose: senator ba

in hindsight, the fact is the explanation for the t.a.r.p.hange a couple of times at that time, if you recall, andrea. they didn't even know -- we've learned this over time in different reports. the $700 billion figure was kind of pulled out of thin air, if you see some of the reports of neil kashkari and these folks involved in that minute-by-minute, day-to-day decisions at that time. that's where john mccain says, hey, we were misled. the question is, were you intentionally misled, did you -- everybody seemed to hear what they wanted to hear during this debate, not just john mccain, but what treasury was saying to the white house, was saying to the two presidential campaigns at the time, was saying to congress. in defense of john mccain, i think it's clear that it was confusing, but also it does seem as if, looking back in hindsight, it's hard to -- we knew there were multiple reasons why they wanted that money. >> jeff zeleny, i didn't run for president. i didn't have decades in the united states senate. i'm not sure saying that i was conf

i think in hindsight, a lot of folks are saying, you know, once the republicans sort of laid it out,them voting against the stimulus package, mitch mcconnell has already signaled even before the president was inaugurated that this was going to be stopped this president at all cost. it probably would have been better to go to reconciliation last summer, get it done, pass it. but no one knew there were negotiations, folks were still talking. but at the end of the day the important thing i think is not the process, alex. because people forget this kind of stuff pretty quickly once the substance is out there. so all our back-and-forth about how this is done, i mean it weighs a bit. the important thing is for this president to put all his weight behind it right now. it was smart to cans that will trip. it would a have been a big mistake if he was out of the country. i think going up to the hill this afternoon makes perfect sense. >> i've been e-mailing with a legislative assistant to a congress person, and i'll tell you, they're tired, too, of it. i mean like up to here i'm basically gett

maybe not in exactly the sequence that would have been perfect, with the benefit of hindsight. but everybody talks. 12 votes. but everybody talks and listens. >> thank you very much, charlie. we really appreciate it. [applause] so, we have a net working break until 10:45. then we will resume in the breakout sessions in this room. thank you. >> which four presidents lived past 90 years old? john adams, herbert hoover, ronald reagan, gerald ford. find these and other presidential fax at our newly updated book "who is buried in grant's tomb?" >> its a guidebook and a travel log and a history worked, biography of each of these presidents and what you tell about people dead end of their lives. >> of resource guide of every presidential gravesite, the story of their final moments, and insights about their lives. it's now available at your favorite bookseller or get a 25% discount at the publisher's web site. >> "washington journal" is next. we will look at today's news and take your phone calls. the house gavels back in this morning and will work on the war powers resolution on afgha

with hindsight, we see just how close the world came to a complete meltdown. in the space of just over six months, nearly four years of economic growth was wiped out. in 18 months, the world stock market fell by over 50%. but this was not just about numbers. the human costs has been all too real with millions of jobs lost around the world. during the recession, alistair darling and i have made difficult decisions that have tested our results. but we have stuck to them -- our resolve. but we have stuck to them. i said we would take action to restructure the banks, help small businesses with cash flow, and we did. i said we would take action to reinvigorate the national economy and we have. while we were hit with a great recession, we now know that the world has indeed avoided a great depression. we avoided that depression not by accident, but by design, by learning from the mistakes made in previous recessions. we promised immediate and real help for families and businesses. we did what we said we would do. i know that many have suffered, but unemployment in th

in hindsight, it does look very bad. >> to pat brown, criminal profiler, author of "the profiler: my life hunting serial killers and psychopaths." pat, weigh in, please. >> we're looking at two people with personality disorders, two people who can lie really well to those doctors. that woman was not confused, here is the situation, as i see it. she got four presents for christmas, the big santa present and three stocking stuffers. they're all fine. if she had to throw away a few of them to keep one, she's keeping the big santa present. that's her boyfriend. >> that is a very creepy analogy, pat brown. but i get it. >> bill majeski, former nypd, now majeski associates inc. out of new york. bill, how do we link the duffel bag or anything else at the crime scene where the body was found that's clearly not where the child was killed? the child was killed somewhere else and that body was moved there. i don't care what police are saying right now. the body was moved there. >> a lot of things the police should be looking into at this point in time. did the boyfriend have access to a car? if

that is, that ultimately , the buck in the a.of munich stopped on his desk and in the ben hit of hindsight it should have been sure this priest could never again function in the field in a place he could abuse others. the other fear in the vatican, i think, is that this play not be an isolated case. people are combing through the records from the years carol rats ratsinger was in munich. the concern would be that in dripz and drabs we might hear of other such cases. >> ifill: john, whether it's in ireland or austria or germany or the netherlands, or the united states, these investigations, are they more about the priests who may have committed these crimes or about the bishops or the cardinals who may have been looked the other way. >> well, i think you put your finger on what many people would see as the unfinished business of the sex abuse crise in the church because from the beginning, this crisis has been composed of two interlocking but distinct problems, the problem of priests who abecaused and the problem of bishops who failed to clean it up. i think to date, most people would give

in hindsight probably better because abu mazen is more reasonable and clearly rejects and fayyad is alreadym up a palestinian state and there are obstacles. hamas was not there at the time and it's an obstacle and we have an american president who is clearly committed to it and that's also a plus. clinton was clearly committed and the fact that obama is clearly commitd is important. >> rose: in the end, have assassinations of hamas figures been a positive thing for the process? >> i don't want to make comment on this. but i think that basically the struggle against terror groups or extremist radicals never hesitates to use their firepower against innocent civilian population and deliberately hiding among a civilian population which are used as a human shield. >> which happened in gaza. >> it happened in gaza, it happened in a way in lebanon. it needs creative thinking about what really helps them. and we should be there and think effectively about that. >> rose: was gaz missnake the invasion of gaza? >>. >> rose: when, last year? was it overkill? >> i don't think so. i think people just hav

so all of us with 20-20 hindsight look at that and say, wow, he could have been arrested right away,'t make bail, he couldn't have attacked her at that time. >> they're calling it random, but how could it be random when he lived near her home. do you buy that? >> no, i don't think it was random. pornography for me is the bridge between a fantasy and a reality. most people that view pornography view it, look at it for whatever the reason and move on. they never commit a crime like this. but for some people, they have a fantasy, and then when they view pornography, that may give them the incentive to actually act out that crime, essentially the bridge they move across. in this guy's case, he was in the neighborhood. he would have been aware these little children walked back and forth to school by themselves, and the crime of opportunity would have been he was in the neighborhood, he was watching. somer had an argument with the kids, she ran ahead of them, they couldn't see her. he sees that opportunity to lure her into the house. that's when the authorities allege he sexually assaulted

hindsight is 20/20. when you're living your life and things are busy, it's very possible that a wife would not know if her husband was having an fair. we don't know if he was in love with this person or if it was just for the sex. she's a very busy woman. when you have someone who is career minded, they're focused on that and for some men that's hard to tolerate. >> what would be the course of treatment -- obviously this is just coming to light and starting to get out there. >> they honestly have to discuss what the affair meant. they have toecide whether they want to work through the relationship and be in the relationship in a different kind of way. there needs to be honesty and they need to deci, you know, do they want to commit to one another and not have affairs? >> you have an interesting take. you say that you would need to start by asking what the affair would say if it could talk. >> yes. >> what do you mean by that? >> because an affair is a communication. it's a behavioral communication that's

hindsight is 2020 which is happendy when you talk about all of the conservatives who predicted healthppen. tonight's special, crow, bon appetit. >>> it would be good for the country if it failed, failed, failed, failed. >> nancy pelosi doesn't have the votes in the house right now. >> this bill funds abortion. >> 14,000 people are losing their health insurance every day, not because of the costs of health insurance, they're losing it because they lost their jobs. >> it funds illegals. >> pelosi health care insurance bill will destroy america. >> it steals liberty. >> if they do pass, the american people will never get over it. >> it's unconstitutional. >> it will be his waterloo. >> it kicks off lawsuits. >> this is the crown jewel of socialism, this bill. >> it spends trillions of dollars. >> a 40/60 shot. >> irresponsible. >> 40% they pass, 60% they don't. >> we have more to fear from the potential of that bill passing than we do from any terrorist right now. >> they're keenly aware of the fact that comprehensive health care reform is not going to get passed. >> it will break in. >>

the benefit of hindsight now we have come back they say we did not need it but at that point* there were a lot of people who had battles and concerned about where we were headed and did what was politically unattractive to make sure they did not have the calamity that would devastate not just wall street but every street in america. >> host: the son of a car guy was a smart to bail out the big car companies? >> guest: when the day trait ceos showed up in washington saying give us money the right answer is no. you need to have eight managed bankruptcy process to shed the cost of debt so you can re-emerge as a stronger entity that is the right call course ultimately. and that is what was taken and now detroit is on much stronger footing as a result of those bankruptcies carry out but washington spent tens of billions of dollars unnecessarily wasted instead of the company's management teams and the board's guiding them bankruptcy process the government guided the process. it was the right solution but only after we wasted a lot of money. >> host: i am wondering if you think somehow the tea

and i feel like i've got hindsight on my side.lso i think this is a very interesting time in america right now. of course you've got the health care stuff going on. michelle obama is pushing through a fairly serious bit of work for congress at the moment. i think it's worry in times as well. you're going to have congress, you know, they're talking about $4.5 billion being spread over ten years to go into this plan of reforming, you know, this nutrition and health of the young kids. but that's -- that's nowhere near enough. not even a year. to put that in context, $7 billion is spent a month in afghanistan. and we're talking about a fraction of that. and that's a month, by the way. >> when we come back, more with jamie oliver and what is wrong with how we feed our children. e. i've got it. ♪ [ female announcer ] introducing crest 3d white toothpaste. the remarkable new toothpaste that removes up to 80% of surface stains in just two weeks. good advice. what did i tell ya. [ female announcer ] for a noticeably whiter smile in just tw

chairman, it's hard to say that even with the benefit of hindsight. but let me tell you what we are committed to and what we did. we made sure we put the precise financial terms of all the investments we made in the public domain on our website for everybody to see, right from the beginning. we have adopted a whole range of proposals by the various overseers, congress put in place to improve transparency of the program. we put in place a dramatic improvement in the access to information the american people and the terms to which they were provided. we'll continue to work on ways to do is that. the important thing to reflect on as you look at how the program was run is we have now got back more than $170 billion from the financial system. we have reduced expected losses by more than $400 billion from where they were just a year ago. we saved substantial resources for the american people to devote to long-term fiscal challenges and not just near-term priorities. we have done it at much lower cost than people expected and have seen a dramatic improvement

benefit of hindsight now that we've come back from the cliff face a we didn't need it but at that point there were lots of people who had the white knuckles and were very concerned about where we were headed and did what was politically unattractive to make sure we did not have the kind of calamity that would have devastated not just wall street but every street in america. >> host: as the son of a carbide do you think was smart to bail out the big car companies? >> guest: wind wall street -- excuse me, when the detroit ceo showed up in washington saying give us money the the right answer was to say no you need to pursue a managed bankruptcy process shedding yourself of exceptional costs and debt so that you can re-emerge as a stronger in any. that was the right course ultimately that was the course that was taken and dietrich is now in a much stronger footing than it was prior to the managed bankruptcy is being carried out. but washington spent a lot of money to get tens of billions of dollars that was not necessary and was wasted and instead of the company's management teams and board

>> it is hard for me to say that even with the benefit of hindsight. let me tell you what we are committed to. we made sure we put the precise financial terms of all the investments we made in the public domain on our web site for everybody to see from the beginning. we adopt a range of proposals by the various overseers to improve transparency of this basic program. we put in place a dramatic improvement in the basic access to american information about these programs, where the resources went and the term they were provided and we will continue to work to do that. the important thing to reflect on as you look at how this program was run is we have gotten back $170 billion from the financial system. we have reduced expected losses by $400 billion from where they were a year ago. substantial resources for the american people to devote to our long term fiscal challenge. we have done this at lower cost than people expected and we have seen a dramatic improvement in credit conditions across the country. the american people can look at that record and see

we have a couple who is here this morning, very upset because they feel that hindsight being 20/20, theyuld never have posted on facebook where they were going to be because they believe one of their friends burglarized their house. we'll talk to them when we come back. [ announcer ] your dog's one of a kind. and now, you have the power to help significantly extend his healthy years. a groundbreaking 14-year study by purina, proves that puppy chow, then dog chow nutrition, fed properly over a lifetime, can help extend his lovable antics up to 1.8 healthy years. long live your buddy. oh, max. long live your dog. purina puppy chow and purina dog chow. yes, are we covered. rex ate chips, ice cream, tapioca, and, of course, dog treats. oh, sorry, miss. we don't cover dogs. no. charlie is my dog. rex is my husband. [ moans ] [ male announcer ] pepto-bismol. yup, you're covered. new anti-aging eye roller. reduces puffiness immediately -- and also helps with lines and wrinkles. not surgery. this is our way to do your eyes. new regenerist anti-aging eye roller. ♪ talking about nutrition. [ femal

now, not everyone here supported the action taken, but with hindsight, it is even clearer that the right calls were made. economic disaster was averted, growth has begun to return across the major world economies. and the prospects for the global economy are much more positive than they were the year ago. but, mr. deputy speaker, there is nothing preordained about continued recovery. there are still uncertainties, financial markets are feeble, oil prices have increased by over 50%, bank credit, while it is improved, still remains weak in many parts of the world. and confidence is not fully return to either businesses or consumers. and this is articulate the case in europe, which is the market for 60 percent of our exports. germany saw no growth in the last term, ireland, another key trading partner has contracted by over 10%. spain is still in recession. italy has slid back into negative growth. unemployment at 10% across the euro area is adding to uncertainty. all these factors are having an impact, particularly on an open trading economy like the u.k. so it's imperative that e.u. count

>> yeah, you know that's a good question, for all of us hindsight is 20/20 and i think those investigatesbeating themselves up. the reality is that pornographic websites unfortunately are some of the more popular websites in this country and there are a lot of people downloading and viewing pornography, in this case allegedly child pornography dealing with little girls was eventually found. but authorities say no rush was put on the computer analysis so it was two months later. had it been two months before, had he been arrested, i think that's what the authorities have to consider, maybe he could have been in jail. >> and the sheriff says he believes this case was a random crime, meaning this was a crime of opportunity and not necessarily a premeditated crime. what do we now know about what might have happened to summer on that walk home? >> i think what might challenge that view is he had been kicked out of his house which was only a block from the victim's house two months before, his roommates threw him out because they thought he stole an ipod. so he had to come back into that neighb

>> i don't think in hindsight it is difficult at all.into place. when she told me and we started to get educated on it, my first thought was back to when i was young and growing up, all the kids that i went to school with, their actions all made sense to me now. i grew up with people that had asperger's. it just didn't have a name then. i think a lot of people in our lives are like that. >> what's the key symptom? >> it is like anything. if you've met one asperger child, you've only met one. some kids can look you in the face. some kids don't read social cues. he stands too close to you. he's very sensitive to touch and feel and sounds. >> so now that you know, now that you know, and before i even get to that, i should probably interrupt myself. you were at this time going through a lot of difficulties. you were angry at curt for not being close enough to grant. there is a lot going on in your lives. how has now knowing transformed your family? >> i think it's taken a lot of work, but really look inside ourselves and realize that we aren

undeniably in hindsight, there were weaknesses and gaps in the supervision of well-established financial institutions, including banking institutions, major parts of which the federal reserve carries direct responsibility. some of those weaknesses should have been closed by more aggressive regulatory approaches. but some gaps and effective supervision -- institutions owning individual banks or small thrifts -- were loopholes explicitly permitted by legislation. the federal reserve is thrust into direct operational contact with financial institutions and markets. beyond those contacts, the 12 federal reserve banks exercising supervisory is -- supervisor responsibilities provide a window into both banking developments and economic tendencies in all regions of the country. in more ordinary circumstances, intelligence gleaned on the ground about banking attitudes and trends will supplement and color forecasts and judgments emerging from other indicators of economic activity. when the issue is timely identification of highly speculative and destabilizing bubbles, a matter both important and d

in every recession what happens is there is a risk that examiners after a time where in hindsight theylike there were too easy, tend to over correct. i think it is clear that the leaders of our bank supervisors across the country, and this is the fdic, the fed, the sec, and the a t is cannot make sure they are at me against the tendency to over correct. just briefly on the job front. >> what is the baseline? >> i'm sorry, the baseline. i have to a check. i think we said at the level in 2009 we designed that in a way. we think that is a realistic baseline. you know, the pipes of the price of this financial system are still clogged. you can't force money through the pipes. we can't force banks to lend. we think we designed this in a way that would substantially increase the odds that we are really helping mitigate the small business credit problem where it remains. on the jobs front you won't have jobs without growth. growth has to come first. there is always a lag. most economists would say we are on the verge of seeing a sustained level of positive jobs growth for the company as a whol

when you have the perspective of hindsight and again, more when you're older and you have experiencee the things harold washington would have applaud it. i don't know vrdolyak would have agreed to it. he probably wouldn't have supported it. let me explain the vrdolyak. his name is fast eddy. >> still is. >> my mother was a ticket agent and my dad was a factory worker. we didn't know anybody and through a mutual relationship with a yugoslavian committee and i'm serbian, he asked me to work in his office after law school and i was flattered to that. when fast eddy pulled a fast one on me because there was no job. i thought he did me that favor in the corporation counsel's office and he was running and i felt -- if i could i could help him out and what i did was i represented a minister in an african-american church on the south side and i was able to get him a chance to speak there. >> you had no sense at that time that he was tainted, that he was corrupt? >> he wasn't corrupt until just now until he pled guilty. >> no. he's been corrupt for a long time. it's a conclusion a lot of peop

hindsight is always 2020, but i think the folks in the bush administration that made that decision, if they were to make the decision again, they would think twice. it began a domino effect of a loss of investments in america that, by stabilizing the banks and preventing some of them from failing, it told people that your investments are still safe, america is still a strong economy. but there was not any connection to bailing out the mortgages. keeping enough capital in the institutions to survive long enough for the economy to turn around. we are beginning to see results. host: baltimore, democratic line. caller: this all gets me so angry. no one will ever go to jail, but this is not a violation of the public trust? what is your take on people that make payments? we can afford this, but a lot of people that can afford their mortgages are walking away because they're under water. our home is worth $100,000 less than what we purchased it for. we can make the payments, but everyone gets away with doing wrong things. for the first time in my life it seems like no one cares about what goe

but with hindsight it is even clearer that the right calls were made. economic disaster was averted, growth has begun to return across the major world economies. and the prospects for the global economy are much more positive than they were a year ago. mr. deputy speaker, there is nothing preordained about continues recovery. there is still uncertainties. financial markets are feeble, oil prices have increased by over 50%, bank credit, while it's improved, still remains weak in many parts of the world. and confidence is not fully returned to either businesses or consumers. and this is particularly the case in europe which is the market for 60% of our exports. germany saw no growth in the last quarter. ireland and other key trading partners contracted by over 10%. spain is still in recession. italy has slid back into negative growth. unemployment at 10% across the euro area is adding to uncertainty. and all these factors are having an impact particularly on an open trading economy like the u.k. so the imperative that e.u. countries act with renewed energ

maybe not in exactly the sequence that would have been perfect with the benefit of hindsight. but everybody talks 12 quote but everybody talks in this listen to. this piragua thank you very much, charlie. [applause] been [applause] so have a networking break until 1045 and then resume and breakout sessions in these rooms. thank you. [inaudible conversations] a special time at c-span, it is the time we get to announce the winners of our c-span studentcam competition, lots of our work, of course,, thoughtfulness and creativity this year. we have more than ever -- more interest than ever before, over 1,000 young folks as videos on issues of the day and we start off with a look at our grand prize winners as they receive the great news. >> madison, lorna and >> yes. >> i'm glad you're altogether. my whole education team is here this morning and we've gone some good news for you girls. you enter our student camp competition and was again your winners. so congratulations to you but what's even bigger news, you are our national grand prize winner slew. >> [laughter] >> we are incredib

hindsight is always 20/20. the people in the bush administration who made the decision to let lehman brothers fall, i think they would think twice about that decision if they had it to do again because it began a domino effect of lost investments in america. of them from failing, it told people that your investments are still safe, america is still a strong economy. but there was not any connection to bailing out the mortgages. keeping enough capital in the institutions to survive long enough for the economy to turn around. we are beginning to see results. host: baltimore, democratic line. caller: this all gets me so angry. no one will ever go to jail, but this is not a violation of the public trust? what is your take on people that make payments? we can afford this, but a lot of people that can afford their mortgages are walking away because they're under water. our home is worth $100,000 less than what we purchased it for. we can make the payments, but everyone gets away with doing wrong things. for the first

it will be relatively easy to connect the dots are in hindsight.ne, have bragged about how they somehow evaded being involved in a recall. as you testify, i hope he will spend some time talking to us about what you are doing to assure us that there is not anything else of there, that our vehicles are safe, and that when it is brought to the attention of this department, if there is a good follow-up. i also want to mention something. :gi3i will be very blunt about . this really irritated me while i was a secretary of our culture. ç;3 -- the secretary of agriculture. çóqt(i firmly believe there is e çfor the japanese government hereç to step up and to make se that what they are sending to our borders is safe. they have a responsibility. i worked with the japanese for years on issues related to livestock. we found one animal, there has never been a case of bse in the united states, yet to this day, there border is largely closed to our product. i wonder what the response would be in japan if i suggested that because people have died because of th

undeniably in hindsight, there were weaknesses and gaps in the supervision of well-established financial institutions, including banking institutions, major parts of which the federal reserve carries direct responsibility. some of those weaknesses should have been closed by more aggressive regulatory approaches. but some gaps and effective supervision -- institutions owning individual banks or small thrifts -- were loopholes explicitly permitted by legislation. the federal reserve is thrust into direct operational contact with financial institutions and markets. beyond those contacts, the 12 federal reserve banks exercising supervisory is -- supervisor responsibilities provide a window into both banking developments and economic tendencies in all regions of the country. in more ordinary circumstances, intelligence gleaned on the ground about banking attitudes and trends will supplement and color forecasts and judgments emerging from other indicators of economic activity. when the issue is timely identification of highly speculative and destabilizing bubbles, a matter both important and d

particularly in hindsight. i will be the first to acknowledge that the fed has made it's share of mistakes and no doubt will make mistakes in the future. the great inflation of the 1970s is a perfect example. indeed, the cause of the great inflations stems directly, directly from political pressured on the fed to help finance the vietnam war with the creation of money. which it did. pressure to provide excessive and prolonged accommodations in the face of the oil shocks of the 1970s, which it did. thus the great inflation from my point of view was a failure by the fed to exercise the independence it had to resist the political pressure. not one of our prouder moments. the economic theory and historical record that turning monetary policy and thus the turning of money over the fiscal properties or the political process could be much worse. indeed, i would ask those who think the fed kept interest rates too low, perhaps feeding the crisis that we see today to imagine the outcome at that process been more politici

research by some magical method leads to some revitalization of the country was disproved by project hindsight in the 1960's. many academics know that, but it is extremely sensitive. in short, you are attracting the best talent in the country into the ivory tower with a published papers that circulate in disciplinary fields. i see this as a completely different from the educational policy of every advanced nation in europe and asia. please comment if you will. >> >> the government's basic role is basic research, not picking industries or particular applications or we wouldn't have an intellectual basis for doing it. i agree that the true innovation is a very nonlinear. what we know about contemporary innovation is that it's not a professor with an idea. it is a shop floor use and scrubbing of the idea, which is why you can take life sciences -- academic health centers don't just have smart profs, they have hospitals where the practical innovation reinforces research. i think for the u.s. to decide to support application would be a mistake because we don't know which applications will do it. th

to examine pass him of transactions and see what the benefit of hindsight what the fcc did right and where we can do better. we have begun the process of consultation and cooperation with our colleagues at the justice department. ajit indicated, mr. chairman, the decision-making prevent me from commenting on anyway on the merits of pending transaction, including the comcast-nbc transaction. our decision on merger are made only after we compile and review a full record. the fcc will of course thoroughly consider all the important issues that have been raised or will be raised in the context of the transaction. as the committee is aware, the conditions and media landscape is evolving that new media, and its mutations technology are an increasing important part of the landscape, even as most of americans continue to rely on traditional forms of media and communications. the landscape today is very different from five and 10 years ago, and will be very different fight than 10 years from now. while the changing landscape must of course inform the fcc's decision-making, certain core buyers

the circumstances, maybe not in exactly the sequence that would have perfect with the benefit of hindsight. you know, but everybody talks, 12 vote. but everybody talks and is listened to. >> all right. thank you very much, charlie. [applause] >> we really appreciate it. [applause] >> so we have a networking break until 10:45. then we'll resume in the sessions. thank you. [inaudible conversations] >> u.s. senate in resource, back at 2 p.m. eastern for more work on federal aviation programs. off of the floor today. congressional budget office saying the senate health bill will cut the federal deficit by $118 million, and the associated press reports that no estimated are available for the president's latest proposal, but democratic leaders want to keep the 10-year cost at around $950 billion. also on capitol hill, senate harkin said the best way is to attach reconciliation. it would eliminate payment to banks, and redirect that money to direct lending. under the rules, the senate could pass the bill with the simple majority vote. senator harkin is joined here by the house education chairman

team to learn from experience, to examine passed similar transactions, and see with the benefits of hindsight what the fcc did right and where the agency could have done better. our staff has begun the process of consideration with their colleagues at the justice department. as you indicated, mr. chairman, the legal requirements of record based decision making prevent me from commenting on the merits of pending transactions including the comcast and b.c. transaction. our decisions on mergers are made only after we compiled and reviewed a full record. the fcc will thoroughly consider all the issues that have been made or will be raised. the media landscape is rapidly evolving. new technologies are an increasingly important part of the landscape, even as millions of americans continue to rely on traditional forms of media and communications. the landscape today is very different from five dustin years ago and will be very different ent five continues to 10 years from now. while the changing landscape must inform the fcc's decision making certain core values remain constant. important part of ou

chairman, it's hard to say that even with the benefit of hindsight. but let me tell you what we are committed to and what we did. we made sure we put the precise financial terms of all the investments we made in the public domain on our website for everybody to see, right from the beginning. we have adopted a whole range of proposals by the various overseers, congress put in place to improve transparency of the program. we put in place a dramatic improvement in the access to information the american people and the terms to which they were provided. we'll continue to work on ways to do is that. the important thing to reflect on as you look at how the program was run is we have now got back more than $170 billion from the financial system. we have reduced expected losses by more than $400 billion from where they were just a year ago. we saved substantial resources for the american people to devote to long-term fiscal challenges and not just near-term priorities. we have done it at much lower cost than people expected and have seen a dramatic improvement