john roberts had a majority, and he'd lost it.gues he had with him. the court hesitated and pulled back from it, and then reached for a very readily available statutory alternatives in order to decide the case. i think that was a case in which the court clearly got cold feet, or some member got cold feet, and roberts would have gone to the whole way with citizens united if he could have. one more question. >> i join in the banking and the panel for a terrific discussion -- i join in thanking the panel for a terrific discussion. i thought you might want to comment on the apparent replacement of the amendment procedure as a mechanism for the people's will through the other mechanisms you described in the book. >> so, the framers arguably blue something in writing the constitution. they arguably blew a number of things. one of them was at the framework for amending the constitution, which is extremely difficult. if you think about it, you do not want it to be a simple popular vote. but it is nearly impossible. had they not made it so

top of the hour, christine romans sitting in for john roberts. >> i'm kiran chetry. is a deadly winter storm that's still dumping snow and sleet, also flooding parts of the northeast this morning. parts of the region could see as much as 30 inches of snow by the time all of this is over. some are calling the snow, really they're calling it a snow hurricane because of the blizzard-like conditions, the high winds, snow and ice coming down sideways, gusts up to 55 miles an hour. new information for people stuck at the airport, the dangerous conditions have forced american airlines to cancel 42 flights this morning. that's on top of close to 1,000 flights that never got off the ground yesterday. amtrak says it will cancel a number of trains in the northeast its busiest corridor. >> we're all over the extreme weather. susan candiotti live in central park, meteorologist reynolds wolf down the jersey turnpike in philadelphia for us this morning. let's check in with our meteorologist rob marciano live in atlanta to show us who is getting the worst of it and how this is going

john roberts had a majority, and he'd lost it.i think that was a perception of where the country is by either john roberts wore the colleagues he had with him. the court hesitated and pulled back from it, and then reached for a very readily available statutory alternatives in order to decide the case. i think that was a case in which the court clearly got cold feet, or some member got cold feet, and roberts would have gone to the whole way with citizens united if he could have. one more question. >> i join in the banking and the panel for a terrific discussion -- i join in thanking the panel for a terrific discussion. i thought you might want to comment on the apparent replacement of the amendment procedure as a mechanism for the people's will through the other mechanisms you described in the book. >> so, the framers arguably blue something in writing the constitution. they arguably blew a number of things. one of them was at the framework for amending the constitution, which is extremely difficult. if you think about it, you do n

the question is, what would john roberts do about this, when at the end of his first term he said thats, and that law professors would be terrible justices. i had to convince my colleagues that sometimes you have to be pragmatic and think that the country is ready for this, it will not attract big support. and i think roberts is a barry friedman-like justice. there are plenty of conservatives to agree that corporations should have broad protection, but when you are a judge, you face the possibility that a majority of the country does not agree with you. the pragmatic thing to do is restrain yourself. be modest. do not put your principle to its conclusion. so i like that, because it seems that it is generally good for liberty to be defended. >> is a very effective strategy with judges who do not want to wade through hundreds of pages of opinion but one the restraint, pragmatic, for it to go both ways. i think that it works. >> it is important to emphasize the importance of the lower court, and i think president obama understands my book. justice kennedy, somebody gave them a copy. i do

john roberts had a majority, and he'd lost it.ilable statutory alternatives in order to decide the case. i think that was a case in which the court clearly got cold feet, or some member got cold feet, and roberts would have gone to the whole way with citizens united if he could have. one more question. >> i join in the banking and the panel for a terrific discussion -- i join in thanking the panel for a terrific discussion. i thought you might want to comment on the apparent replacement of the amendment procedure as a mechanism for the people's will through the other mechanisms you described in the book. >> so, the framers arguably blue something in writing the constitution. they arguably blew a number of things. one of them was at the framework for amending the constitution, which is extremely difficult. if you think about it, you do not want it to be a simple popular vote. but it is nearly impossible. had they not made it so difficult to amend the constitution, it is not clear if the supreme court would have taken on such an agg

. >> good morning, john roberts. he said, let's put it on c-span.ama will hold a health care summit on live television. we're live on capitol hill with the preview. >>> without warning, a killer whale kills a veteran trainer at seaworld are in orlando while an audience watches in horror. but this isn't the first time that the six-ton whale has lashed out with deadly consequences. >>> a weary east coast bracing for the storm for the second in two days. dumping up to 2 feet in some places. cutting power, closing schools. caution at least three traffic deaths. and the storm is expected to intensify over the next 24 hours. rob's got the latest forecast for us coming right up. >>> first thing is, political theater at its best, depending on how you look at it, at its worst. in just a few hour, president obama will host a health care summit live for the nation to see. what is supposed to be a compromise is shaping up to be more of the same. already one senator is saying there may be nothing to talk about. dana bash is live to set up what we may see. good m

waiting in line behind us, john roberts or someone. someone else was doing an interview with her as will. and she was unbelievable. >> she was 19 points behind in some polls. i think the average was 12. it was the night before the primary. everybody said this was her last night that she was going to lose. we sat in the back of the room pic and i hadn't fallen in love with hillary, nor had i proclaimed her my new girlfriend at the time. [laughter] >> but even i, as i said watching her up on stage, and the night before bill clinton had apologized for his performs to the group of college students. sang, i can't make are taller or younger or more articulate or better looking. it was horrific. and i turn to mika and i said, you know what? she deserves better than this. but we went up and we interviewed her. holy cow. nerves of steel that she is like, -- >> energetics. i'm going to keep fighting until a stop fighting. but let me tell you something. she was treated horrifically. as a guy that always complains about media bias, i can tell you

john roberts or someone doing an interview with her as well when she was unbelievable. >> she was 19 points behind in some polls. it was the night before the primary. everybody said this was her last night in she was going to lose. the actually sat there in the back of the room and i have fallen in love with hillary nor her that viper quencher my new girlfriend at the time that even as i said watching her up on stage in the night before bill clinton had apologized for his wife's performance to a group of college students saying, i can't make her taller or younger or more articulate or better looking. it was terrific. and i turned to me that and they said do you know what? she deserves better than this. but we went up and we interviewed her. holy cal. nurse of steel. >> energetic. >> she said time and to keep fighting until less stopped fighting and when i stop fighting that is fine. but let me tell you something. she was treated for epically. as the guy who always complains about media bias i can tell you there were two elections were thought democrats retreated terrifically. one, ir

i am christine romans sitting in for john roberts this morning. >> thank you for being with us. e mend. >>> the u.s. has the right to kill u.s. citizens overseas if they are involved in terrorists activities is the word. >>> the first ever national tea party convenes today. >>> new trouble for toyota and the people that drive the cars. the automaker admitting it saw the design flaw in the prius. now experts are questioning toyota's fans to fix millions of cars for the faulty gas pedal, and they say the electrical malfunction and not the pedals could be the problem. >>> the director of national intelligence yesterday telling lawmakers the u.s. has the authority to takeout americans overseas that present a direct threat to our security. this is a sensitive issue. explain the context surrounding the words? >> there is an extraordinary public admission. right out there on the table, the director of national intelligence, dennis blair, yesterday, telling congress the u.s. intelligence community have the authority to target and kill american citizens abroad if they are involved in terr

i'm john roberts. >> i'm christine romans. >> here are the big stories we're telling you about in the minutes. from the driver's seat to the hot seat t-chief of toyota will talk to congress about when the company knew its cars could take off without warning. we're not in japan any more. we have a look at why these questions could be different than any questions he's ever faced at home. >>> the one rhode island high cool a failing grade for the teachers. all 88 of them fired at once. is this lesson in layoffs enough to save the school? we dig deeper. >>> our week long focus on broken government. the big gamble some states are taking to close their budget deficits. they are betting on casinos. >>> first this hour time for mr. toyoda, the namesake of the car company to talk. in just a few hours the top man will face a grilling on capitol hill. we're almost assured that there will be fireworks. yesterday his chief of sales in the united states was grilled about whether the fix for 8 million recalled vehicles is really just a cover. >> do you believe that the recall on the carpet changes a

. >> and i am john roberts.ol hill today. a pentagon correspondent, barbara starr reports it could be a year or more before they get anything done. >>> and americans were put in jail in haiti in trying to take children out of haiti. both sides of the story and get the latest on the children caught in the middle. >>> president obama, selling his $3.8 trillion budget to the people who will pay for it, saying it's not what he wanted to send to congress but the one that he had to send. >> we won't be able to bring down the deficit overnight given that the recovery is still taking hold and families across the country still need help. >> he is at a town hall meeting in new hampshire, talking about creating jobs, but will american buy it? >>> defense secretary will discuss lifting the ban on ga soldiers serving openly in the military. our pentagon correspondent, barbara starr, has more. you are inside, not outside. >> reporter: yeah, john, you are right. it will be high noon when defense secretary robert gates takes th

. >> i'm christine romans in for john roberts. >>> a surprise news conference from the head of toyotainformation. there may be brake problems now with their lexus hybrids. there are reports the prius might be next on the recall list, leaving some customers frankly wondering if they can ever trust toyota again. >>> it's going to be a pretty big nightmare today for many people up and down the mid-atlantic coast as the east coast is expecting to get heavy snow, high windwinds, ice, rain blizzard warnings in new jersey and delaware. the storm already shutting down schools and putting a deep freeze on air travel. we'll be getting the latest on how the storm could affect your travel plans. >>> plus, they're supposed to keep us safe while we fly. so after the failed bomb attempt over detroit on christmas day, we put the federal air marshals program under the microscope. we found out that hundreds of millions of your tax dollars are being completely wasted and we found allegations of an agency in chaos. a cnn exclusive from our special investigations unit coming up. >>> following breaking new

congressman barr, a very good friend of mine, i am encouraged that john roberts is chief justice of theback onto the stage a our former attorney general and a distinguished professor and a distinguished fellow, john ashcroft. [applause] >> thankw3 you. >> thank you barry much. please be seated. that is very kind of you. i cannot imagine anything that would be more pleasing to the founding fathers of the united states of america them the kind of robust, transparent argument and discussion about these issues. [applause] >> i think thatxd is what the unitedç states of america is al about. we all have as our role models those who have gone before a spread the governor mentioned justice jackson and quoted elegantly what he said about liberty and freedom. justin jackson was also a part of the court when the german saboteurs came into florida on the 15th of june and they were executed before the 15th of august with the approval of the united states supreme court by military commission. two of them claimed citizenship in the united states. the court said that does not make a difference. justic

you had assassinations of robert kennedy, john f. kennedy, dr. king, malcolm x, and many others. but you also had many successes that you had the voting rights act of 65, civil rights activist 64, which is a phenomenal piece of legislation. you had to open housing act. there are many other positives. but you also had the election in 19 city and there's a recognition that these rise industries, these constant protest, how sustainable would that be. and even african-americans had a convention in gary, indiana, to figure out where to go from here? a when you ask the impact of the voting rights of 1955, i think that definitely had an impact. you had new voters think that maybe we will attempt to work within a system, if we have politician to working within the. and thus we have fred gray, the richard arrington's, who were saying okay, we have these politicians who are responding to these new voters, let's see what we can do to sort of move this idea for. and that's what i would like to add, but they would have to discuss how 25 -- we're talking a politician who had a significant numb

get the latest from maryland governor martin o'malley, wayne county, michigan executive robert ficano and major john winkler of the virginia national guard. >> woodruff: then, what's in a name. we examine a proposal to change the way psychiatrists diagnose mental illnesses. >> ifill: talking to the taliban in afghanistan. margaret warner reports. ♪ >> woodruff: and some tropical music on a cold night: jeffrey brown talks to salsa star turned politician ruben blades about his return to the world of music. >> i want a discussion. i want to make people think about stuff. >> ifill: that's all ahead on tonight's "pbs newshour." major funding for the pbs newshour has been provided by: pacific life-- the power to help you succeed. >> this is the engine that connects abundant grain from the american heartland to haran's best selling whole wheat, while keeping 60 billion pounds of carbon out of the atmosphere every year. bnsf, the engine that connects us. this is the power of human energy. chevron. bank of america-- committed to helping the nation's economic recovery. grant thornton the national science foun

we have assassinations of robert kennedy, john f. kennedy, dr. king, malcolm x and many others but to also had many successes. you have the voting rights act of 65 in the civil rights act of 64 which was a phenomenal piece of legislation. there were many other-- but you also have the election of richard nixon in 1968 and these constant protests, how sistani would that be an even after the americans had a convention in gary indiana to figure out where do we go from here, so when you ask the impact of the voting rights since 1965 i think that definitely had an impact. we have note-- new voters who would say we would attempt to work with the new system if we have politicians to work with us and that is where we had fred grays, the richard harrington's they joe reeves to set we have these politicians who are responding to new voters. let's see what we can do to push this idea ford and that is what i would like to act on. they would have to discuss, they were talking about politicians who have a significant number of black voters in their district. im

getting some calls -- but anyway, the sound track would be incredible because john lennon read the psychedelic experience and robert mansoor who should be on the cover of this book because he was the other member of the harvard psychedelic club but he's a big part of the book. when lenin had his first lsd trip he was using as a bad the book that they had wrote and then he wrote a song tomorrow never knows, which is the last song on i think revolvers which was really and i have my chronology write it was the first introduced psychedelic sergeant pepper will have the whole line. they come together was written in a way originally as a campaign song, at least the idea was a campaign song, libby ran against reagan in california in the campaign song wasn't come together but that was his motto in line and got the idea from that. london later renounced that and said that stupid book and said some nasty things about leary but, of course, the jefferson, all that was the west coast scene which was a holdren scene. there were some connections. calgary was the connection because he was teaching at stanford in the late '50s and

chairman george miller, henry waxman, and the chairman emeritus, john dingell, xavier becerra, louise slaughter, and congressman roberthe republican side, john boehnerill be attending, along with eric cantor, and joe barton, ways and means committee ranking republican dave camp, john kline, marsha blackburn, charles waboustany, peter roskam, and finally, paul ryan. coverage begins at a half an hour, and watch it on c-span3, c-span.org, or listen to it on c-span radio. guest: "washington journal" can -- >> "washington journal" continues. host: julie rovner from national public radio joines as. guest: the issues on the table, what is ostensibly on the table, is is there room for some common ground to be found between the democrats and republicans? the president laid out his own plan. we have been waiting for a year for the president to lay out his own plan but what this really is is changes that the president has made to the senate bill, the one that the senate passed early in the morning, if you recall, on christmas eve. the president has tweak it and the best. many of the changes were already in the works -- the presi

robert t. hendrickson, executive officer john k.ce gomez and all the crew as well as the families who support these heroes, thank you. your works are tom our great nation. always ready. and we thank you for it. thank you, u.s. coast guard, thank you coast guard cutter mohawk, welcome home. god speed. the speaker pro tempore: the gentlelady yields back. mr. defazio of oregon. for what purpose does the gentlelady from michigan rise? >> to address the house for five minutes. the speaker pro tempore: without objection, the gentlelady is recognized for five minutes. >> mr. speaker, several weeks ago, our nation received a very vivid remirnede that islamic terrorists are still at war with our nation and are bent on killing innocent american citizens. on christmas day, an islamic extremist attempted to blow up northwest flight 253 as it was on its final approach from amsterdam to net roe airport with a sophisticated bomb smuggled in his underwear he had been radical azed ial qaeda and trained in yemen. following his capture, he was only qu

robert smith. to deny the allegation of public however would have been to slander the reputations of his father-in-law, john wilson who was reportedly the father of sally hemingses. his beloved wife's memory and even his own brother, randolph or his two favorite nephews, the car brothers who admitted their paternity of sally's children to jefferson's great children's pieces grandson, jeff randolph. as a man of devotion and family honor, jefferson chose to suffer in silence. number 12, the hemingses true believers like professor annette gordon-reed have turned the debate into an obsessive agenda on the color of sally's skin and slave status. annette gordon-reed assessment the madison interview must be taken on face value because white historians had previously ignored its are not facts but racial canards and misinterpretations of the evidence itself. moreover, that is an intellectually dishonest argument. to paraphrase one historian, quote, i'm afraid professor gordon-reed despite her of murder will qualities is the worst thing to happen to thomas jefferson since james calendar. the sleeve historians have ta

robert smith. to deny the allegations in public however, would've been to slander the reputation of his father-in-law, john wills, who purportedly was the father of sally hemings. his beloved wife's memory and either his own brother, randolph, or his two favorite nephews, the carr brothers, who admitted their fraternity of sally's children to jefferson's grandson, jeff randolph. as a man of devotion and family honor, jefferson chose to suffer in silence. twelve, the hemings true believers, like professor annette gordon reid has turned the debate into an obsessive agenda on the color of sally's skin and slave status. forums read, assessment of madison's interview must be taken on face value because white historians had previously ignored it are not facts, but racial canard and misinterpretations of the evidence itself. moreover, that is an intellectually dishonest arguments. to paraphrase, one historian quotes, i'm afraid that professor gordon reid, despite her admirable qualities is the worst thing to happen to thomas jefferson since james callender. a slave historians have taken diversity and created a ho

sunday" hosted by chris wallace include senate republican whip john kyle, house ranking republican paul ryan, and new jersey senator robertchair of the democratic snorl -- senatorial campaign committee. senate budget committee chairman kent conrad. texas republican marcia blackburn. on "state of the union" mitch mcconnell as well as nancy pelosi. this starts at noon eastern. 90.1 f.m. here in washington, d.c. nationwide an xm satellite radio 132. on the web at c-spanradio.org, and you can follow us on twitter. >> "washington journal" continues. host: we are pleased to welcome back a familiar face to this slow and the author of "the chrystal ball" larry sabato. guest: there are two ways to look at the trends. one is based on sta activity cal -- statistical analysis. that suggests the republicans will pick up 30 house seats. we think it is between 27 and 37. let's remember it is february 28. you and i have been around a long time and loads of things were going to happen between now and november that will lift that number or lower that number. host: chuck todd on his morning daily rundown said we have already seen massachuse

you just saw defense secretary robert gates among the many dignitaries here at the funeral of representative john elected to this districtçç in 1974. ççxdxd >> we saw former congressman ray leolahood, transportation secretary. speaker nancy pelosi will speak here at the funeral of congressman john murtha. xdç [organ plays] >> the center of your screen is general james conway waiting for the casket of john murtha to be taken from the hearse and for the honor guard to escort it inside. this is in westmont presbyterian church in johnstown, pennsylvania. speakers include nancy pelosi and congressman murtha's daughter, donna. live coverage here on c-span. çççç [band plays] [drums play] [band plays] [music stops] imña(c&yc+@vd/fbxso&p-u(wál÷;8su ç ç-- please be seated. madam speaker, mr. president, members of the cabinet, members of congress. ççserviceçi]çt(ç secretarif the joint chiefs of staff, commandants of the marine corps, as distinguishedç guest, but friends. on behalf of mrs. murtha and the family, welcome and thank you forçt( coming and thank you for watching. we know that fo

i will flood the page into be the reaction of defense secretary robert gates on the news -- stafford, virginia, johns on our republican line. caller: how are you? i just wanted to say is i thing we should really get rid of all of these free trade agreements. i think nafta and gatt has been horrible. the manufacturing base has been completely decimated. there is a reason all of the callers don't want them, it is because it has not worked. i did not think people can trust all the congressmen and senators. they have been bought out a long time ago. there is frustration with the democrats and republicans. i think it is time we just start band together and looking at this as an american issue, not democrat or republican. i think it transcends a lot and we can't compete with china. it is ridiculous. there is one -- that i heard that addresses the issue. his name is ron paul. callehost: what are you hearingn particular from ron paul? caller: less government. get rid of the free trade agreements, they don't work. i think he is just right. host: what about the argument that has been presented in a couple of

robert gibbs is asked about u.s. relations with iran. later, a group of senators led by johnbeginning saturday. authors include henry paulson talking with warren buffett on the 2008 economic collapse. w3gary wills on how the atomic bomb changed the presidency and the role of thet( u.s. and the world. books on american presidents. president obamat( and ronald reagan. chuck schumer says he will introduce a bill about political campaigns spending unlimited amounts of money. he is joined by chris van hollen for 20 minutes. ç>> welcome to the dry and non- odorous recording studio. i want to thank my friend chris van hollen. it was touch and go whether he could be here are not. maryland was plowed. we are here together and i want to thank him for his partnership and his very hard work and in valuable contributions to this legislation. as you know, last month, the supreme court shattered nearly 100 years of u.s. law designed to curb the influence of corporations in our election process. today, we are beginning to pick up the pieces. truth beç told,t( we have been bracing for an un

john williams. he has inspired moviegoers for decades. [applause] >> the 2009 national humanities medal recipient, robert a. caro.plause] >> it goes to him for capturing the subtle machinations of political influence in america. his biographies of robert moses and president johnson have shown how individuals accumulate an exercise power in local and national settings. [applause] >> annette gordon-reed. [applause] the 2009 national humanities medal goes to her for important and innovative research about an american family. her narrative story brings to light a previously unrecognized chapter in the american story. [applause] >> david levering lewis. [applause] the 2009 national humanities medal goes to him for his insightful examination of w. e. b. dubois, an early islamic- christian relations in europe, which have enriched our understanding of the forces that shape world history. [applause] >> william h. mcneill. [applause] >> this is difficult. >> the 2009 national humanities medal goes to him for his pedagogy at the university of chicago and as an author of more than 20 books, including "the rise of the west."

robert mohler -- mueller. lieutenant general ron burgess. and ambassador john dinger.ring presents an annual opportunity to focus on the threat our nation faces and provides a rare forum for the public to receive strategic intelligence analysis. right now, the top threat on everyone's mind is a heightened terrorism threat, especially against our own homeland. we have held hearings in the past two weeks to review the christmas day attempted attack by umar farouk abdulmutallab, and the fort hood shootings by nidal hasan. we never viewed the attack on the base in eastern afghanistan on dec. -- we have reviewed the attack on the cia base in eastern afghanistan in december. these events are reminders of the ongoing threat the nation faces from within and from without. it also reminds us of the challenges and dangers with which the intelligence community must deal on a daily basis. we have been briefed on the continuing terrorist threats. i want to thank director muller for our discussion yesterday. i received a briefing on the status of intelligence is received as part of t

robert gates, as they review the don't ask, don't tell policy. he said he expects sharp divisions over ending it. we heard earlier from senator johne the policy may be imperfect, it is effective. we'll continue to watch it for you on cnn. >>> also going to get you the latest on the weather outside with meteorologist, chad myers, who is working very hard back there in the severe weather center. stay with us. >>> well, it is groundhog day, and according to punxsutawney phil, six more weeks of winter. but, chad myers, you've been looking at the forecast for florida, and six more weeks of rain? >> it's an el nino season and it's classic. it's raining farther north than where it was yesterday, but here's what happened yesterday. showers sat over the area and roads flooded, 6 to 8 inches of water in the roadways. nothing that i've heard of deeper than that, but when the rain came down so fast, it just could not run off in time and the water went up. we are going to see another situation today, maybe 2 to 3 inches in d.c. of snow. now, the word "snow"? d.c. puts the fear in everyone's minds, and kids, i don't know if you did this, i didn

that almost -- i don't think roberts gibbs could have put it any better than you just put it by explaining it that way, john. do you think that's a fair way of explaining it? >> yeah, i do, actually. >> you didn't get rid of the ben nelson deal, john, you just gave the same deal to everyone else. and you didn't -- right, but -- >> and you're not taxing the cadillac plans of the unions. they still get -- they don't go up to 27,000 excludes the unions. so they both get to keep the benefits of the deal making, john. they didn't get rid of those deals. >> yes. but part of the objection, joe, to the deal making is it's special deals for an individual senator, like ben nelson like holding out and saying, if you want my vote, treat my state differently than other states. if you treat all the states the same, there's not a lot of juice in the objection. on the cadillac tax, you're right, they have weakened that provision and weakened the potential cost control that you could get from that provision. but again, when i say special treatment, what i mean is there was a carveout for collective bargaining agreements tha

john maynard keynes might've influenced in specific areas. i know that today consumerism is a result of dr. keynes. and i was wondering if they have any comment on that. >> host: professor roberts. >> guest: keynesian and can't himself was worried about saving too much and not spending. i do think that the mistake although many people would disagree with me. a lot of people think of zimmer is the described it as the foundation of economy. that certainly is not a smithian idea. the part that is smithian is perhaps keynes interest in animal spirits. emma keynes meant by animal spirits is if you team. he meant the emotional aspect are the worries and fears. smith had a lot to say about that. smith was very interested in how people were often overconfident about their prospects for success are cautious or fearful about the future. and perhaps keynes was influencing. but other than that not so much. >> host: from book four, chapter eight, consumption is the sole end and purpose of all production in the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. >> guest: go ahead. >> guest: that's one of the tidbits in one

robert gibbs scheduled for 1:30 eastern. we'll have that live here on c-span. coming up next, former u.s. ambassador to the united nations, johnalks about the obama administration's foreign policy. mr. bolton who served from august, 2005, to december, 2006 criticizes the administration on its policy on terrorism in the middle east. he's at a conference hosted by the hudson institute in new york. and this runs about 45 minutes. >> thank you. thank you very much. it's a great pleasure to be here today. i think this is a very worthwhile endeavor and appreciate all of you being here in support of it. i wanted to talk today at lunch about the situation we find ourselves in concerning our national security. and to look at it from the perspective that foreign policy issues don't take place in a vacuum. they are the result of decisions that specific individuals make. i don't believe in predestination or historical determinism. and i think it's very important that we understand the broad picture that's presented when we have circumstances like we do today under the obama administration. we are just about one quarter through it. he said

john liechty. çhe is the associate professor at the smeal college of business. çthank you very much, professo. we are also joined by professor robert prize for economics in 2003. finally, our final witness is stephen horne. mr. horn is currently the vice- president for master data management for the dow jones business and relationship intelligence. he specializes in data integration from thousands of sources in the improvement of market productivity. thank you, stephen. dr. mendelowitz, please. >> thank you, mr. chairman, thank you senator corker. i am pleased to be here today to bring the recommendations of my committee. the committee to establish a national institute of finance is an extraordinarily unique group based on my 2.5 decades of experience in washington. i have never actually seen anything like it. it is a committee that has raised no money. it is a committee that represents no vested interest. it is a committee where no single member has any personal financial interest in the outcome of all recommendations. it is a committee where we have covered our expenses. we did not get the tax benefits of those expenditures. it i

john maynard keynes might've influenced in specific areas. i know that today consumerism is a result of dr. keynes. and i was wondering if they have any comment on that. >> host: professor roberts. >> guest: keynesian and can't himself was worried about saving too much and not spending. i do think that the mistake although many people would disagree with me. a lot of people think of zimmer is the described it as the foundation of economy. that certainly is not a smithian idea. the part that is smithian is perhaps keynes interest in animal spirits. emma keynes meant by animal spirits is if you team. he meant the emotional aspect are the worries and fears. smith had a lot to say about that. smith was very interested in how people were often overconfident about their prospects for success are cautious or fearful about the future. and perhaps keynes was influencing. but other than that not so much. >> host: from book four, chapter eight, consumption is the sole end and purpose of all production in the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. >> guest: go ahead. >> guest: that's one of the tidbits in one

john maynard keynes might have been influenced in specific areas. i know today consumerism is the result of dr. cannes i believe, and i was wondering if they had any comment on that. >> host: professor roberts. >> guest: keynesian or worry about people saving too much and not spending. i do think that is a mistake all the will of people would disagree. a lot of people think consumers and as you describe it is the foundation this certainly isn't a smith idea. i think the part that is smithan this is interest in animal spirit and what he meant was a few things that one of the things he meant was the emotional and psychological aspect of all entrepreneurs, the confidence or their worries and fears and smith had a lot to say about that. smith was very interested how people often are overconfident about the prospect for success were cautious or fearful about the future and perhaps cannes was influenced but i would say not so much. >> host: from book number four, chapter 8 consumption is the end and purpose of all production and interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the concern. >> guest: ahead, sorry. that is one of the tidbits

john liechty. çhe is the associate professor at the smeal college of business. çthank you very much, professo. we are also joined by professor robertsident for master data management for the dow jones business and relationship intelligence. he specializes in data integration from thousands of sources in the improvement of market productivity. thank you, stephen. dr. mendelowitz, please. >> thank you, mr. chairman, thank you senator corker. i am pleased to be here today to bring the recommendations of my committee. the committee to establish a national institute of finance is an extraordinarily unique group based on my 2.5 decades of experience in washington. i have never actually seen anything like it. it is a committee that has raised no money. it is a committee that represents no vested interest. it is a committee where no single member has any personal financial interest in the outcome of all recommendations. it is a committee where we have covered our expenses. we did not get the tax benefits of those expenditures. it is a group of extraordinarily talented, and in many cases, very distinguished members all brought together by t