. >> what you ha here is, you have series of bills that in and themselves would be pretty major legislatito try to put iall together in one rge bill, re-regulating the financiasystem is a hercean task. >> reporter: it'a task filled wi political turf wars, despite what house fincial services chairmabarney frank says about a btle between his committee and the agculture committeover derivatives. >> i begin with anpology to our friends in theedia, there is no fight to cov between these two committees, know at's an easier topic than th complexity of how actual to do something. >> reporter: he's why those twcommittees are battling over who will design derivative regulation. the serities and exchange commissions overseen by the house financial rvices mmittee, while the commodity futures tradincommission is overseen by the agricultur committee. wh asked how the two would ke from overlapping regulation, the trsury secretary dia verbal tapdance. >> i don't wt to get ahead of the delicate, careful procs we're trying to work thrgh with those twogencies. >> reporr: derivatives are just one issue in e

obviously we're al aware of what is going on with potentia health car legislati but we think the luations are attractivend discounts some of the problems. navais is a companywhich is headuartered in eure. >> paul:witzerland? >> correct. trades on the new york stock exchange under the syml in rrx vs. stock wi low p.e multiple,% dividend yield, good breath of business. one thini don't know people are focusinin on are is the potential of phaaceutical companies particular in europe to t into the eerging markets as those economies expand and the governments t tomprove the health delivery systs. >> paul:e have a minute left r one more indtry you like and onechoice. >> in the finaial area, i think there's interesting stock. it is, however, nolisted in the ited states. itrades on the frankfurt and munich stock exanges. germy company calledmunich reinsurance. thisompany is the second largt reinsurance cpany in the world. ain, strong balanceheet, aa-minus debt rating. very goodividend yield of about 6%. they'lbe able to take market share and really benefit froma od pricing environment inhat ea over

once i hadubpoena count it up and it was 131 major fish itiatives, legislati, major pointments, major ideas. the day this came to me, 131, on the front page ofy own newspaper,he "washington po," president ama issued an executive ordesaying he was goin to clean up the chesapee bay. he is undertaking just about evything. and all of those things are like planes unlanded at the airport. they're circlingand weon't know wt order they're going to nd in, whether they're going to land all. >> rose:here are conventional wioms that are inollision. ronald reagan, for example, sd "do a few big thingsell. make sure you get them estaished." heidn't necessari get them all accomplished, b he tried. f.d.r.ealized he had an urgency, so therefore he ted to get as much done as heould asasts he could. >> and clearlywhat's interesting abtobama is doing, he's very deice have. has a process about "wee got is problem, l's hear everyone out,et's do it." and then he decid there are all of those unlanded planes that i think people are... you ggest, waiting to see what haens, sing if they're collisions, crashes or

. >> i he no question that we have t votes on the floor of the house toass this legislati. it is the legislate process, i keep saying that overnd over ain. i'm feeling pretty potive about it. >> reporr: other house leaders ave questioned whether a vo that so is feasible. andhere's little chance of seate action by then. the president iset to make his case at his prime ti news conference. he's not only tryg to blunt replican attacks on the docrats legislation, but he also needs to lm major dissent within his ownarty-- especial over the cost. fiscally consertive house democrats-- the -called blue dogs-- have threatened to withld support in the energy and commerce comttee. ey're demanding major change to rein in health care sts and scale backthe bill's price tag. reportertoday, blue dog leader mike ross of kansas issued a stateme saying: "we are making prress; however, we have long way to go." and house mirity leader john boehner warned theountry againstelieving what president obama sa tonight. >> tight, we'll hear the preside likely say some... repeat some of the myththat he's

baucus, the senator from montana, for example, thmost important figure rightow in this health care legislatiei written in the nate-- he's resisted includi a public insurce option in the reform bill, right that's right. >> moyers:hy is the industry so powerful on both des of the aie? >> well, moneynd relationships, iology. the relationship.. an insurance company can hire a does hire many difrent lobbying firms. and ey hire firms that are predinantly republican and predominantly democrat. and they do this bause they know ty need to reach influential mbers of congress like max baucu so there a people who used to work for max baucus who are lobbyi firms or on the staff of companies like cigna or t association itse. >> mers: yeah, i just read the other day, in "the washingn post," thamax baucus's staff met with a groupf lobbyists. two them had been baucus's former chis of staff. >> rht. >> moyer i mean, they left the government. they go to work for the industry. now, they're back with an insider stat. they get an access, right? >> oh, they do, ey do. d these lobbyists' ability t raise money for t

the issue is separation of powers between the executive and legislati legislative branchs. >>> the supreme found a new test called con gruns and proportionality. up to that time, judge harlan's judgment on a rational basis for what congress would decide would be sufficient. and here for the benefit of our television audience, we are talking about a record that congress maintains. take the americans for disabilities act for example where there ace a task force of field hearings in every state attended by more than 30,000 people, including thousands who had experienced discrimination with ruffle 300 examples of discrimination by state governments. notwithstanding that vast record, the supreme court of the united states in alabama versus garrett found in title 2 of the americans with disability act unconstitutional. justice ska l justice scalia said in dissent that it was a flabby test, an invitation to judicial arbitraryness and policy-driven decision making. the other title 1 of the americans with disability act in lane versus tennessee, the court found it constitutional on the same record.

it's now been, as i said, more than two weeks since our "help" committee passed its legislati legislationll, mr. president. it's not a perfect bill and more work needs to be done. all of us acknowledge that. but it's one that i think every member of this body can get behind. every single member of that committee, all 23 of us, every single member added contributions to the original draft. every democrat, every republican added amendments that were adopted to our bill. and by the end of this week, as i pointed out earlier, four out of the five committees with health reform bills have completed their work. and i know the finance committ committee, as i said earlier, is working hard to produce a bill as well. and when their work is deplete,, i look forward to sitting down with them to working with them and merge our efforts. which is clearly going to happen. we're going to merge our efforts. we'll take what we've done here and we'll merge with it what the finance committee has done. the senate will have a bill deeght with health care issues. i know the leaders have guaranteed that. i know th

as senator kennedy said in 2007 when we debated this legislati legislation, "we want to be able to have a value system that is worthy for our brave men and women to defend. they are fighting for our valu values, and one of the values is that you should not in this country, in this democracy," senator kennedy said, "permit the kind of hatred and bigotry that has stained the history of this nation over a considerable period of time. we should not tolerate it. we should keep faith with these men and women who are serving overseas when we battle that hatred and bigotry and prejudice at home. so we're taking a few minutes in the morning to have this debate and discussion." those were senator kennedy's words. this is not a long debate by senate standard. this is a reasonably long debate to give everybody an opportunity to express their views, but we have debated this before two years ago, we have adopted this before, two years ago, it was the right thing to do then for the men and women of our country as well as to keep the faith with the men and women who put the uniform of this nation on an