i worked under security for 14 years, for little companies like ge, gm, westinghouse, et cetera. >> smallhere. >> yeah. yeah. and i've been to 20archives, wrote 20-odd some reports and have some feeling for how security works and chasing down the ufo scene since 1958, and one of the things i found is that it's easy to prove that various government agencies have lied, to put it frankly, and blunt buy, and the press has not done its job in digging out those lies. >> and -- >> so -- >> go ahead. >> i was just going to say that i am pursuing the truth, and i brought along just to give you an example. it took me five years to get this cia ufo document which is very exciting. you can read eight meaningless words. now, that's not the only one like this, but, i mean, it illustrates the problem. >> and -- so -- oh. go ahead. >> no, just that many people think if you have a clearance you have access to everything. the other thing you need, is a need to know. and there are millions of classified documents out there that you can't gain access to. >> yeah. >> some people don't want to believe that. it

the american people are outraged that 38% of our corporations, like ge, make big profits and pay no taxes. zero taxes. and number three, it's not good for the country. that should be the most important thing. right now this country is in desperate trouble. we need to reduce our deficit significantly. and we can only do that by pairing spending cuts and there should be spending cuts on entitlements, yes, but we also have to raise revenues and do it in a responsible way. >> michael, how do you disagree with that? let me just say this. you and i go back and forward, sometime pretty hard on these issues. but one of the things that people look at, you are man with a lot of respect, when i jump on you, i get all kind of tweaks from my aunt that you have to respect mr. steele, even though you are a republican. you help this party when over 60 seats, you raise more money than any other chairman, they threw you into retirement from chairmanship. extremists have taken over the party, even michael steele can't share his point. come on, michael, i know you are a law of republican, but -- >> a couple

large corporations, we also hear the stories like ge and others don't pay a time.do is to hire a lobbyist to get you a tax loophole. it's not that hard to pull off. i'm not here to demonize big business. the company is taking advantage of a system we've all agreed to. we're the ones that have to be aware that we're operating in that system and seek to close the loopholes and ultimate shatter the practice of the large corporations of any kind of anywhere using that money to gain -- energy subsidy is 5% for all fuel sources. >> we know that lawmakers have vested interests and sometimes are linked cozily with some of these oil companies and they get the breaks. >> yes. and that comes down to the leadership breakdown -- we don't have a political leader engaging with the american people saying, i the political leader am going to lead a crusade to flatten these things out. the congress has so much of an incentive not to do it. >> yeah. well, i think for a lot of people, you're speaking gospel or the truth. >> i'm trying to speak philosophy. >> you're speaking factual. >>

you have corporate entities like ge. that is a great company. they have some incredible projects. the idea that they are not paying their fair share from the standpoint of corporate taxes. it is what we need to do. we need to look at our tax code and simplify it. lower the impact on people. i was talking to the representative from south carolina 10 days ago. he has a piece of legislation that lowers it, broadens its, heading toward a fairer tax. that is one of the ideas out there. i am not saying that is the right idea, but the idea is out there. how we simplify and how we lower it. here is another issue from my perspective. corporate profits that are offshore that we tax at 35%, we know for a fact that that money is not coming back. they are going to leave that offshore. why not talk about how you've repatriate those dollars? how those dollars focus on job creation. allow them to come back in at a substantially lower rate than 35%. if it is clearly going for job creation, like 0% to get this country working again. >> [inaudible] >> medical malpractice, texas, i will use the words

guest: some republicans when they go to town halls, they are being asked about stories in the paper like geing corporate income tax. that is a bipartisan issue. why should somebody making $20,000 a year or $40,000 a year pay more than zero when gei is paying nothing? ge can afford more than zero. there is bipartisan anger over that. the wall street bailout, there is bipartisan anger about that, too. there is at least some wiggle room to maybe find some answers. host: another senator gets called out on twitter. guest: he did. he was involved with president bush's efforts to privatize social security and medicare. that was then, this is now. this is someone who is very plugged into tax budget issues, has experienced both on the executive and legislative side. i would not try to predict his positions on anything. he works well with people in different contexts. there is a core of conviction there, but how much it will yield to events is very hard to predict. host: sharon is on our democrats' line. caller: i wanted to respond to a comment about the super committee and the reason for its formati

when you have entityies like ge who pay less taxes as a corporation than a wisconsin custodian?where's the fairness when the wisconsin governor says, oh, we need to go after this in terms of benefits whether the average benefit, pension benefit across the nation is about $400, $450 a month. where's the fairness when that happens and yet no one in this fiscal issue on your side of the debate talks about, you know, taxing billionaires. >> a lot of different things to stick up. i think rick was arguing with taking the collective bargaining off of the table for local school boards. the local school boards are often elected by unions. the unions are the driver in getting them elected. whereas if reforms come into office, they would mobilize. if that is the dynamic, doesn't it make sense to say, well, that is kind of some proversion of democracy and so we have to address it by taking some of these rights away obvious moving to mayor of control or something else like that. >> well, look, we actually -- first off, we now argue using the exceptions to make the case. there have been lots

. >> like ge? million dollars is the average pay for those 5 ceos. >> their companies are not paying back in taxes. >> ceo to worker 325 to 1 now. 325. that is your roman's numeral. >> happy to have it back. >> how is that for your breakfast? >> that is good to take to work this morning to make you seem smart, which you probably are already smart. >> this might be an excellent time for a commercial. >>> coming up, governor dan malloy of connecticut will join us. irene ran over beach-front homes and then the floods came. he is asking for help. talk to him on the other side. 58 minutes after the hour. naturals from purina cat chow. delicious, real ingredients with no artificial flavors or preservatives. naturals from purina cat chow. share a better life. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at o

when you have entities like ge who pay, actually, less taxes as a corporation than a wisconsin custodian. where's the fairness when the wisconsin governor says, oh, we need to go after this in terms of benefits when the average benefit, pension benefit across the nation is about $400, $450 a month? where with's the fairness -- where's the fairness when that happens, and yet no one in this fiscal issue on your side of the debate talks about taxing, you know, billionaires? >> all right. so lots of different things to pick up on here. i want to, i think one of the things nick was arguing with taking this collective bargaining off the table for these local school boards is these local school boards are often elected by the unions. union is a driver in getting school board members elected, and we have do an example -- have an example where they will get them out of the next election. so if that is a dynamic, doesn't it make sense to say, well, that is some kind of perversion of democracy so we have to address it by taking some of these rights away or moving it to mayoral control or something

like that. they're want goinot going to ge on the wrong side of the hurricane.t's why you have the vacation in new jersey on vacation during a huge snow storm and you have barack obama suffering from a perception that he's not a leader taking charge of it. katrina changed it all and politicians are not going to get caught the way the bozos in louisiana were caught back during katrina. they're just not. and the media has changed, too. you're right about that. >> bill: all right, bernie, thanks very much, as always. reality check on deck. tonight, al gore compares anti-global warming people to racists. and colin powell slams dick cheney. >> bill: reality check and we begin this evening with dick cheney's new book that slams people like condaleeza rice and colin powell. mr. powell doesn't like it. >> mr. cheney has had a long and distinguished career and i hope in this book that's what he will focus on, not these cheap shots that he's taking at me and other members of the administration who serve to the best of our ability for president bush. >> so you, you just la

like that. they're want goinot going to ge on the wrong side of the hurricane.e the vacation in new jersey on vacation during a huge snow storm and you have barack obama suffering from a perception that he's not a leader taking charge of it. katrina changed it all and politicians are not going to get caught the way the bozos in louisiana were caught back during katrina. they're just not. and the media has changed, too. you're right about that. >> bill: all right, bernie, thanks very much, as always. reality check on deck. tonight, al gore compares anti-global warming people to racists. and colin powell slams dick cheney. check moments away. n me to stay. so i take one a day men's 50+ advantage. it's the only complete multivitamin with ginkgo to support memory and concentration. plus it supports heart health. [ bat cracks ] that's a hit. one a day men's. what's vanishing deductible all about ? guys, it's demonstration time. let's blow carl's mind. okay, let's say i'm your insurance deductle. every year you don't have an accident, $100 vanishes. the next year, ano

ge, like so many other industrial companies, based in the united states, in order to stay competitived the world. they also sell their products elsewhere. so who better -- in other words, if it's not the head of a major industrial corporation, who is the person who you think should be advising the president on how to get jobs created in the united states? nothing funny about it. >> i know. but it's a very serious matter. but, look. if the white house doesn't have a jobs policy and they go to somebody who is not only moving his jobs out of the country, but also off showing profits so he is not paying a share of the taxes ge ought to be paying, look, the white house has to get a grip on its jobs policy. >> right. >> we have 14 million americans out of work. you're right. in the state of ohio, the unemployment level is high. but, at the same time, we have lost steel, aerospace, and we have to have a manufacturing policy which we don't have that says that, as a matter of national security, steel, automotive, aerospace, shipping, the industries we should be focusing on. we are not doing th

they don't want to go back to the justice department and ge after the bush administration on legal areas like this. but with a campaign coming along, again, you've got to polarize the electorate. nothing he set apparently would offend republicans. it will offend a lot of democrats. will it fire them up to want to come out and support obama more? that's the kind of question we're asking now. >> yeah. not that hammer the point at all, any neutral reading of say, the u.n. convention against torture makes it pretty clear that if you support waterboarding and you enact that sort of a policy, you're guilty of a war crime. so that's -- >> you have got people like john mccain and various other folks who are hardly what you would cause wooses on the war issue. john mccain, a former p.o.w. who himself was tortured, and there are just so many arguments against it, and so few actually showing that it works, if you will. but it has really been useful that the public would rather not have our country associated with it. >> jamie gangel asking how president bush my react to the book. listen to this. >> do y

. >> -- were back staining, ge, did you get my hat with the l.e.d. display? he was like yeah, why do you want to put a logo? i'm doing this program with dean kamen a year from now and i want to start putting little leading up to it. he was like you know i graduated i was part of f.i.r.s.t. in england. i was like are you serious in let me call dean. >> you wanted to have the logo and the guy you told to put that in your helmet whatever it was you were wearing is a guy who graduated from this which is a perfect way of illustrating how far this kind of project can take people. >> no, that particular guy is an amazing, has an amazing skill, you know. he doesn't just write code for l.e.d. lights. he can build anything. he's a great engineer. and these kids have inspired me to try to push myself to do all that i can to shine a light on this movement. >> you can do so much, will, you're a big role model to are this and it's very lau dible. the guy that can do the very most, "obama let's get these kids educated" does he have a role now especially you've got involved? >> he makes

ge is not allow. u.s.-based multinational companies like transocean, xeorox and others contribute as little as possible in the united states. one of the other reasons these organizations care so much about this is because of the exceptional effects it has on developing countries. the global financial and the organization global financial integrity estimates between 2000 and 2008, money flowed out of developing countries, and in the opening chapter of treasure island, nick talkings about the scenario playing out in an oil rich, but dirt poor country in africa and the impact on the population. the wealth stays in the hands of the powerful while the rest suffer. as nick says, this story is hardly unique and seen it in other resource rich but poor countries. first, nicholas shaxson, author of "treasure islands" uncovering the damage of tax havens and the book is for sale outside the room. he's a british writer, journalist, and investigator and author of the acclaimed 2007 book, "the dirty politics of african oil" a fellow of chadman house, and a writer and researcher for the network group focused on tax and t

ge does not hold trade reform. they liked the system like it is. goldman sachs does not want trade reform. they took a couple billion dollars from libya and invested it. well, they lost every penny of it. they like the system as it is. the guys with the money do not want change, they just want power. they are making a fortune the way the country is right now with families in south carolina, new hampshire, nebraska, indiana, ohio, without work. and no one seems to care. i listened to the debate with my colleagues the other night. i did not hear one specific jobs plan. i would do away with the deduction in the tax code. section 162, which allows one to make a call center, for example, overseas, and they deduct the expenses of that from their american taxes. it ought to be changed. we ought to defend our jobs. corporations are free to do what is in their best interest, but it is in their best interest for america to be strong again. maybe i'm old-fashioned on that. and i in a global guide. i have been to china more times than there are people in this

then you go back and say you guys, i know you don't like tax increases, but this is absurd that ge andis. cut the rate, get rid of the trash, throw it out. will you support me on that? they would be with you on that. the president is not leading. >> are you sure? >> if pat buchanan would be for it and joe scarborough would be for it, i guarantee you ed rendell you can get -- this is the problem right here. mika that has mind set of the obama administration. we had john kerry, lovely guy, respect him but he came on on friday saying the media should stop covering the tea party. come on. let's climb down from mt. olympus. they are politicians. at the end of the day, if you say if you go home and can campaign about corporations paying 0%, less than you pay, truck driver, i know it, you have done it, they will vote for you. this can be solved if the president figures it out. >> i agree with your skepticism. it's worth a try. and two, let's assume we try, we do what joe says and the tea party rejects it 100%. then you have won a great political fight. >> you have. >> let's follow up on this

like obama. >> right look, the republicans surrendered in december after they won the election. why don't they simply say, hey, let's tax gen: by the way, hugh, you're making him sweat. i can see it. >> no. it's because -- >> sean: don't want the dales. >> no, you don't want. >> >> sean: probably better you weren't in the same room today. thank you for both being here. we have a great thanks to the venture card from capital one, we get double miles on every purchase, so me and the boys earned a trip to dc twice as ft! oh hi! we get double miles every time we use our card. and since double miles add fast... one more chariot please. ...we can bring the whole gang! i cannot tell a lie. he did it. right... it's hard to beat dole miles! read mlips -- no new axes! [ male announcer ] get the venture card from capital one, and earn double miles on every purchase, every day. go to capitalone.com. what's in your wallet? so, you're a docrat right? but i did. they said i couldn't fight above my weight class. but i did. they said i couldn't get elected to congress. but i did. ♪ smetimes when we touch ha ha! millions of hits! [ male ann

say we'll not see an allout recession, but the jobless rate will likely top 8% until 2014 because of sphoor job growth. the heads of gemerican express looking for advice, the president is on his job creation plan. our team coverage starts withette on martha's vineyard with the president. >> reporter: those two ceos are members of the president's jobs council. the president got an economic briefing in a digs to those calls from his aide who is on martha's vineyard giving the president a daily briefing about the market and how things are going in terms of policy formulation back at the white house among some of the president's staff putting together that new economic plan. settinged the table for all that is a devastating report that you mention from the congressional budget office in terms of unemployment remaining stubbornly high. slow economic growth for several years down the road. >> a great deal of the pain of this economic downturn still lies ahead of us. >> reporter: there is also on debt the fact that long term the cbo is projecting some hefty debt for the country, trillions of dollars to deal with. but what th

like obama. >> right look, the republicans surrendered in december after they won the election. why don't they simply say, hey, let's tax geean: by the way, hugh, you're making him sweat. i can see it. >> no. it's because -- >> sean: don't want the dales. >> no, you don't want. >> >> sean: probably better you weren't in the same room today. thank you for both being here. we have a great panel coming up next. don't miss it. [ man ] behind every business is a "what if." what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and 4g devices like the motorola photon. so let's all keep asking the big what ifs. sprint business specialists can help you find the answers. sprint. america's favorite 4g network. trouble hearing on the phone? visit sprintrelay.com. we get double miles on every purchase, so me and the boys earned a trip to dc twice as fast! oh hi! we get double miles every time we use our card. and since double miles add fast... one more chariot pl

ge is not alone. the news media is beginning to report about how us-based multinational companies like transocean, xerox, pfizer and others benefit from the offshore financial system and country in as little as possible to the government of the united states. one of the of the main reasons that the open society foundations and the fact coalition care so much about this is because of the exceptionally affects it has on developing countries. the global financial, the organization global financial integrity estimates between 2000-2008, $810 billion of illicit funds flowed out of developing countries. in the opening chapter of "treasure islands" nick talks about the smear plays out in an oil-rich but dirt poor country in central africa. and a negative impact it has on the population. the wildest days enhance of the powerful elite with the rest suffer. as nick says this store is hardly unique. he has seen in many other countries. with that are lighter and it is our panels. first, nicholas shaxson, author of "treasure islands: uncovering the damage of offshore banking and tax havens." the book is for sale out

like the dominant player in the field. he's only been in the race a couple of weeks but several polls put perry at the top. the most recent from cnn g ges him his biggest lead yet trouncing mitt romney by 14 points and michele bachmann by 20 points. >> nice to meet you. >> reporter: even if you include sarah palin, who is still making up her mind about a run, perry has a huge lead. he's already outlining his foreign policy. >> we must renew our commitment to taking the fight to the enemy wherever they are before they strike at home. >> reporter: as governor of texas perry doesn't have much foreign policy experience but he's reached out to former defense secretary donald rumsfeld and other bush administration veterans for advice. so far perry has been able to appeal to mainstream republicans by touting his economic record in texas. >> how many jobs are you going to create? >> as many as i can. >> reporter: and to tea partyers with blunt talk on things like social security. >> a ponzi scheme. i can promise you my 27-year-old son, social security under the program that we have today will not be there. >> reporter: mitt romney had been the

like "beautiful girls" and "fire burning," shawn kingston had been riding high. >> right now, i'm on my myspace. >> reporter: his charmed career discovered on ascc1: myspace at the annual of geay" show in 2007 was the debut. but it all came crashing to an end. it was memorial day, shawn moved into his house and was having a party when hed decided to go fo a care-free ride. he decided to go on hi jet ski like this one outside of his home. >> we weren't riding earlier. we took a break and wanted to go back out again. >> shawn hit the waves with a female friend. he says he was going about 40 miles per hour when he approached a bridge. >> i tried to go under it. when i found out that the tide got high and i couldn't make it, i tried to hit the brakes and it was too late. >> that's when tragedy struck. shawn's jet ski slammed into the bridge, catapulting he and hi passenger in to the water. >> do you remember that moment of impact. >> i hit the bridge, i was out. dcc1: >> unconscious. >> reporter: many people helped save his life from the moment of impact. >> my face was in the water. it crushed my lungs. i was getting in so much water. >> you could tell something was not right.

like to remind our audience that members of the public are in attendance. if you hear applause, it is not evidence that our journalist members have checked their impartiality at the door before we ge. before we get started, i want to think a member of our speakers committee who did an excellent job getting today's event together. america has faced the worst job crisis since the great depression with the unemployment rate at 9.1%, and the so-called real unemployment rate is over 16%. of the unemployed, 30% have been unemployed for more than a year. the work force has dropped to 58%, the lowest rate since 1933. our guest sits down as the unemployment the landscape changes. lack of useful skills for new jobs is creating a larger pool of unemployed workers. unions are fighting to maintain their position while their public image is said to be at an all-time low. according to the pew research poll, they believe it unions -- americans do not believe unions contribute to productivity, or the ability of u.s. companies to compete around the world. the political season is heating up. republicans are trying for their party's nomination. representative. -- rick perry said one in six work-eligi