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this weekend nobel prize winning economist joseph stiglitz visited the occupy wall street protest and his words to the protests were similarly amplified by the people's mike. watch. >> before talking about economics, i want to say something about democracy. >> before talking about economics, i want to say something about democracy. >> in july i was in spain. >> in july i was in spain. >> talking to the indignados there. the protesters. >> talking to the indignados there. the protesters. >> there i could use the blow horn. i didn't have to go through this eco chamber. i realized the pedagogy of having to repeat what i saw is very valuable. >> i realize the pedagogy of having to repeat what i saw is very valuable. >> joseph stiglitz throws them a spanish word for protesters. yet the group is so practiced at this now that even i realize the pedagogy of having you repeat what i say is very valuable gets repeated lickety-split. they did very well. obviously this is something that can pretty easily break down, but even when it does break down, it is still kind of awesome. >> our financial m

household income gap has steadily been widening over the past forty years renowned economist joseph stiglitz puts it in simpler terms which happen in the last couple decades is twenty a quarter of old income goes to the upper one percent around forty percent you measure it all the wealth goes to the one percent financial turmoil and several unpopular wars make for a heavy brew of dissatisfaction in a country like iraq but the fact that americans across the country are taking to the streets and even protests could hardly come as a surprise reporting from washington in our downside of artsy. we've foreigns of occupy wall street protests some of the mainstream media channels in the us still refuse to take the demonstrations seriously are these honest takes a lot of our coverage. that is. the store going on tuesday look funny step one ignore step two ridicule step three undermine that's the approach some media outlets seem to be taking when it comes to occupy wall street the real big thing that this movement needs to do is to put its to appeal directly to the millions of people who are direct vi

household income gap has steadily been widening over the past forty years we're down economist joseph stiglitz puts it in simpler terms which happen in the last couple decades is twenty thought oh most a quarter of older income goes to the upper one percent. forty percent of you measure of the wealth goes to one percent financial turmoil and several unpopular wars make for a heady brewing dissatisfaction in a country like iraq the americans across the country think it's free. even but. it hardly comes from. reporting from washington argo. and joining me now for more is kevin the is the organizer of the october two thousand alive and movement kevin thanks for joining us you know i saw you there at the protest last week when it kind of launched and you've been there through it all bring us the latest of the developments there how it's progressing well to deal grain but we had a few days in paris for that so i think we know that well today we also had some really great there was a wall street comes to washington conference on how investors can profit from people's health problems how they can pro

has eight hundred billion dollars by modest accounts three trillion dollars by the accounts of joseph stiglitz and linda bilmes on the war in iraq in iraq for example china has spent two point one billion dollars on power and three point four billion dollars on energy there are the chinese able to just capitalize on what some would argue are wasteful spending either us on its wars but if the chinese can make money investing in iraq more power to them. course that one of the aspects of the libyan war was to destroy the billions of dollars of investment in the libyan oil industry that the chinese and to drive out their eighty thousand employees because the us was very upset about that of course is one of the unstated but very real reasons the u.s. just engaged in this horrible war in libya so then is the united states in a better position now in libya is that the payoff for u.s. taxpayers for u.s. wars but you know it's a better off in an imperial sense certainly the american people the american taxpayer people use the depreciating american dollar are not better off but the oil companies connect

household income gap has steadily been widening over the past forty years renowned economist joseph stiglitz puts it in simpler terms which happen in the last couple decades is twenty a quarter of all the income goes to the upper one percent around forty percent depending on your measure of the wealth goes to the one percent financial turmoil and several unpopular wars make for a heavy brew of dissatisfaction in a country like iraq for the first americans across the country taking to the streets and even protests could hardly come as a surprise reporting from washington in our ground said oh i see. and for more on this i spoke to kevin zeese organizer be october two thousand and eleven movement having been on the ground since the start i asked calvin to give me the latest from freedom plaza take a listen. well today we had a deal to rain but we had a few days of air for that so i think we know that well today we also had some really great event there was a wall street comes to washington conference on how investors can profit from people's health problems how they can profit from health care

that not featured nobel prize winning economist joseph stiglitz who attended the protest and showed his support eighty nine year old retired teacher dominic solo for sixty seven year old leonard who came from california when he was like my wife. i don't have a problem. and it seems their stories will make it into the top story of one major network their list of demands seen by many as too complex a charge with which organizers disagree is not a cognitive ability problem here unless maybe you're a c.n.n. producer and it's it's a problem of sound bites having shrugged well the demands of growth but what about intrepid reporter interesting cooper will surely pitch a tent with the rest after all he went to haiti that was clearly in japan there's a car over here there's another car over there turns out he's been too busy learning how to brush his dog's teeth to get a canine at the end with no time to step outside and report on what's happening. christine freeze out our team. all right let's talk more about this and other mainstream media coverage of occupy wall street in general does feel a

economist joseph stiglitz. >> if you tax corporations that invest in america at a lower rate but taxse who are just distributing dividends not really contributing to the country in investing and creating jobs, tax them at a higher rate, you will encourage more investment and more job creation. >> reporter: right now multi-nationals can game the system, according to stiglitz. >> they try to take advantage of all the differences in taxes around the world to try to get their overall tax liability as low as possible. >> reporter: and now another wrinkle. >> it starts with, unlike your proposals, throwing out the current tax code. >> reporter: republican presidential candidate herman kane is not alone in suggesting we start over. >> this is why we developed 9-9- 9. 9% corporate business flat tax. 9% personal income flat tax and a 9% national sales tack. >> reporter: it's catchy. it sounds simple but will it work? >> it's a huge tax cut for people at the top. and a major tax increase for people in the middle. this is just not the moment for that kind of shift in the tax burden. >> reporter

as i said yesterday, the noted economist, joseph stiglitz, said our agriculture will displace agriculture in colombia, driving people to produce more coke. don't worry. right next door the colombian drug lords will be able to deposit their money, not worry about the u.s. finding out about it, right next door in panama. these are a series of great trade agreements. the speaker pro tempore: the time of the gentleman has expired. who seeks recognition? the gentleman from texas. mr. brady: madam speaker, proud to yield one minute to a freshman lawmaker who represents a region of texas where international trade means jobs, i recognize -- i yield to mr. canseco. the speaker pro tempore: the gentleman from texas is recognized for one minute. mr. canseco: madam speaker, i rise in strong support of the panama free trade agreement. like the colombian agreement, this agreement has been pending for far too long and i thank the leadership of chairman brady, dreier and camp. . at a time when unemployment is hovering above 9%, this will be a shot in the arm to help the u.s. economy. the international tr