that -- for blacks lincoln. starting tomorrow, there is a very uphill challenge. her opponent -- is a great republic gain year. he has a lot of advantages working for him now. >> ernest is joining us from monroe, louisiana. ernest, please turn the volume down from your set. that will eliminate the get go. ernest, are you with us? go ahead. >> my question was about blast lincoln carrie. she basically -- my question is about blanche lincoln pen and she basically went from being a moderate to liberal and then back to a moderate. will that hurt her? >> that is a good point. one of the criticisms that were made of her campaign is that voters had trouble understanding where she was coming from. they always knew she was a central story moderate. it seemed that she would run that play against halter. but after the primary, she seemed to corrina back and forth. -- to careen back-and-forth. ultimately, a senator who has built a record over two terms is not going to change her straps that much. but after a near-death exper

starting with blanche lincoln's win in arkansas. now, what does she face going forward this general election? guest: make no mistake, blanche lincoln is still the most vulnerable senate incumbent up for reelection in 2010. there has not been a poll out in months that shows her ahead, frankly, against any of the republicans. john boozman, he won the primary, and he is ahead by double digits in that race against her. but it is a good day for blanche lincoln and for establishment democrats in washington. they defeated bill coulter, who had been back to very heavily and very expensively frankly by organized labor -- bill halter. they spent $10 million trying to defeat blades lincoln, mostly because they were upset with her opposing the card check legislation, in legislative priorities of theirs. essentially she now can run against him. frankly she used their opposition to her very effectively. despite the fact she is a two- term incumbent, she was able to tell voters in arkansas that she was running against washington because she was ru

in addition to his duties at his home church of first baptist church located in my district in lincoln, illinois, he's also a pastor for memorial medical center located in springfield, illinois. in addition to that, he's a public servant in his own right, being elected to his second term now for the west lincoln school board. he's in a whole host of organizations, constandly giving back to his family -- constantly giving back to his family. a member of the orchestra, an officer of the can you be scouts organization in his

if you want somebody who will fight for you, vote 4 blanche lincoln. >> i am blanche lincoln and i approved this message. >> you're getting all kinds of c-span press here. they are following me. you will want to leave this out. hey, how aer you? >> we have a vote coming up? >> yeah. >> we have about 17 different locations. not going to interrupt these folks. >> we have c-span here. >> andrea. >> we have a vote coming up. i appreciate your support. how is business today? >> good. have a good day. >> hey. how are you? >> good to see you. >> the vote is coming up. >> i'll be there. >> good. i appreciate it. >> thank you or coming down. we have a good bluegrass band here today. >> all right. >> right up there. >> the guy picking the banjo. >> family band. >> when do they kick off? >> 8:00. >> we are moving fast. we have 15 stops today. >> on the road again. >> we will be at cornerstone late tonight. then a party in littlerock. >> we have a guy and a gal doing a documentary on the local farmers and he community. >> have you seen the film? >> they are getting footage now. >> that's terrific. >> i

blanche lincoln start this race clearly as the incumbent. by the time we got to the end of the campaign, she was the one under siege. she was the one being attacked by outside special interest grumz because labor is spending a lot of money. she is the underdog, and i think she did, very effectively, turn the tables as dan said and make herself the outsider. we're seeing that across the board where qhondz a couple of years ago would have been proud of the fact that they were a sitting state legislator or sitting in congress. now, they're saying, well, actually, i'm the real outsidener this case. >> woodruff: blanche lincoln turned it around. a few night ago all of us were thinking she was going to lose. >> i think there were a lot of people who thought she was going to lose. i think a couple of things happened. i think labor got too high a profile in the race and allowed blanche lincoln, as amy said, to become the sort of the person fighting the establishment rather than being part of the establishment. there's no question that former preside

if lincoln at gettysburg asked whether a new nation -- lincoln at gettysburg asked whether a new nation. the answer is all around us. from the former slave barrier to the children of the civil war, to the immigrants who twice free europe, to our brothers who fought and died in the korea and vietnam these grounds record that not only freedom and liberty have endured, but that they have flourished. those who sleep in arlington is newest section are from every race and every creed. their graves are topped by the cross, the crescent moon and star, the star of david. to walk from les manchin to arlington's first degroat -- freshly -- from lee's manchimano arlington's freshly dug grave, it reflects the more perfect union they died to defend. in arlington like nowhere else, we can see freedom blossom and note its price. it is now privilege to introduce our next speaker. but i fit want to say a note of gratitude to his wife, dr. joe biden, who i doing so much to help our military -- dr. jill biden, who is doing so much to help our military milies. [applause] ladies and gentlemen, it is my honor

the did not have the brawling that blanche lincoln and bill halter has had. he is an experienced politician, a conservative record -- record. and if this turns out in november to be a strong republican year nationally, it will be it harder either for blanche lincoln or bill halter as the upset primary winner to hold the seat. not impossible. arkansas traditionally is a southern state that has swung least strongly to the republican party during the transitional period, from the 1960's on. host: we need to get to california. a couple of important races there. on the senate side, the gop side, three republicans are vying to try to unseat senator boxer. who are these three republicans and what have they brought to the race? guest: karlene dear reenah -- carly fiorina is still today but highest ranking woman in the business world. i should say, she held the highest position in the business world as the chief executive officer of hewlett-packard computer company. when she entered the race, it looked like it would be a two- person race between her and devore, very c

lincoln has a house and pennsylvania. it is true because i also had a -- host: god bless america for some things. caller: certain things i like. i want to remind the people in the united states of america, because of this country, one of the best in the world, -- i start off with john mccain. got to go -- been for so many years. destroy the country immigration law -- one side one side -- one time, one side, one time, the other side. the new generation, the new ideas, new people. god bless america. host: the ap reports out of iraq that the u.s. military says two americans were killed and six wounded in a car bomb attack in iraq. democratic line. anthony, you are next. caller: hello? host: what are your thoughts about labor and arkansas primary? caller: without labor, this country would be a lot -- in a lot of trouble. i find it ironic that someone who won due to the labor vote would contradict the action. labor is a vital part of the american economy and i think it should be treated with more respect. how crucial it is to

with you had-- you have this runoff in the senate primary, incumbent blanche lincoln being challengedby bill halter and she's run into some trouble. >> she's run into a lot of trouble. the fact that she got into a runoff in the first place was a sign of trouble. and usually when an incumbent is held under 50% of the vote in the first round it's very hard for them to get any of those votes back in the second round which is this runoff that we have against bill halter. the interesting thing is this is for all the talk about the insider versus outsider dynamic going on, clearly blanche lincoln as the incumbent is the insider, it's really hard though to call bill halter the clear outsider. when first of all, he is the lieu trant governor, so it is not as if he didn't come from some establishment background. but the fact is, outside groups are really a big key to his campaign. they've funded him through the internet and mostly labor unions pouring millions of dollars in attack ads against blanche lincoln have been a big part of this. >> woodruff: dan balz, how much of an issue is this insi

"abraham lincoln," "the supreme court," and "who's buried in grant's tomb?"h with a unique contemporrry perspective and perhaps something new to you about lincoln, the nation's highest court, and the gravesites and lives of america's presidents. to order, go to c- span.org/books. each one also a great gift idea for father's day. >> and now we return to our feature documentary, "the supreme court -- home to america's highest court." >> the supreme court hears between 8100 cases each term insideethis building opened in 1935 an invasion by chief justice william howard taft. and with the architect called the central nervous of the structure -- central node of the structure, the marble was just out south the rooms added attorneys prepare for oral argument. >> in the lawyers lounge, the clerk of the court will come in and give praatical pointers to put it ease the participants before going into the court room. there's a lot of camaraderie there. there's a lot of nervous energy >> is designed to call lawyerss down who are doing arguments for the first time, to make

abraham lincoln, the supreme court, and who is buried in grant's tomb? lincoln, the nation's highest court, and the gravesides and lives. good to c-spaa.org/books. each one also a great gift idea for father's day. >> and now, a return to air feature documentary.+ "the supreme court." >> this was envisioned by taft. it was adorned with red drapes and special columns, made from marble imported from italy and spain. but taft's wish called for more than just a new courtroom. there were rooms added to help justices and attorneys prepare for oral argument. >> in the lawyers' lounge, they come in, and they give practical pointers. they try hard to put people at ease before going into the courtroom, because there is a lot of camaraderie, in is good to meet your opponent. there is a lot of nervous energy in there, of course. >> it is designed to calm lawyers down, to make sure that there are not faux pas, to make sure they do not attempt to tell jokes or to refer to their familiarity with one of the justices and that they will succeed, and they can make their bes

senator lincoln for senator halter? he said, i would rather run against senator lincoln.shows up. >> the runoff turnout was low. >> yesterday, 52,000 have already voted. boded. -- yester dday, 52,000 had early voted. you know how hard it is. my team has done this and literally less than 14 weeks. most people to run against the incumbent start years ahead. we started literally on july 1. >> you run a very strong campaign. >> i am proud of my campaign. we of done a lot of miles on that truck. we've discovered that an rv. my suggestion is to buy one and then rented out to other ones. >> one of the negative parts about this was that there was no rv park. [inaudible] >> that was a silence there. >> i go in and check the restaurants -- the restaurants. you never lose it, it is terrible. >> at the general lection, we willring new land. -- we will bring you end. >> i am the one that told bill clinton not to rufor president. >> i would do more listening than talking. what are you hearing? you listen to a lot of people. >> people are still concerned about the economy and tir jobs.

so i would urge the adoption of the amendment. >> senator lincoln? >> again mr.rman i do appreciate my colleague from georgia and i would stay banks are still allowed under our bill or under this piece that we have received to be able to trade in derivatives. they are just simply going to be swapped and derivatives that are traditional and meet the core principles of banking if they are going to be traded in banks. and if they don't meet those core priiples than they are going to be spun out into a affiliate that could be under the bank holdi company to be dealt with with additional capital. the gentleman is right, that capital probably would be taken up but the fact is, if he is doing riskier business the whole problem with what we have this just that risky business was not appropriately capitalize. and i think that is essential. so i hope we will look at what we are doing and put some common sense to it because i do think the riskier nature of businesses do need to have the additional capital-- capitalization and i think it is only fair to the taxpayyrs and onl

senator blanche lincoln had a big role. what happened? guest: senator lincoln, who year, atlection this really -- this on for about going two years now starting at the house and the senate. she proposed that the derivatives operations of the banks would be completely off -- it would be in the not havet would it, becausedo with it insured banking institutions. -- deposit insured banking and petitions. would mean banks wouldave separate companies that would capitalize increasey, which would their costs and lower their profit. the last-minute compromise -- much pusheds some and thebanks -- not sotration was about it, either, so of or siding with the on this. ttle bit final compromise is the derivatives activities will be put into a entity that the banks capitalize but it is not everything. only the riskiest of the derivatives. credit default swaps, and the like. and especially credit defaults what not traded in exchaes. the derivaves build that is hopefully -- it is not at all finalize -- is to force a lot of be traded ono cleared through cl

i just want to commend chairman doug, chairman lincoln, and others. there was the statement of trying to find at what went wrong. we know what went wrong. it went wrong in 1999. for 65 years, glass-steagall made our financial system in america sound and strong. it brought us through world war ii. it brought us through the korean war, the boom years of the 1950's, the tumultuous years of the 1960's and 1970's, brought andiberal president's conservative presidents. but, in the 1990's, what i3 these whiz kid wizards of wall street dreamed up new ways of creating wealth out of thin air. they devised ways of developing derivatives on derivatives on derivatives to the nth degree. they had nice mathematical %+rmulas. the problem was that they had no way of evaluating it appeared they had no real way of maximizing their promise. what they said was, to do this, all we can do now is under glass-steagall is to do it through the investment banking system. in order to really make money, we need access. we need access to the money that is in the insurance industry.

we're going to take out blanche lincoln in arkansas. i'm excited because it is an unprecedented alliance between the net roots, labour, and we finally have realized we have quite a bit of power to rally small dollar donors, activists, people who have resources and expertise to run campaigns and get-out-the-vote operations and realize that we have to hold people i washington d.c. accountable. as a matter for right on the issue. doesn't matter if we are right on public opinion. in washington d.c., they are immune to reason, they are immune to public opinion. look at the comprehensive immigration reform. it polls that 80%. 75% among republicans. and they are too afraid to touch it. the public option had at the support of 65% of the american people. they were afraid to touch it. we have to realize they are immune to certain things. they are not immune to losing elections. that is where we actually make them hurt. [applause] moving forward as a practical policy, weave to foc on the electoral component. everhing else we're doing is fantastic,

senator blanche lincoln. >> thank you. i want to thank cirman bob, as well and all of our cleagues in the senate and house. i cannot overstate the significance of what we areere to do today. fincial market reform is the single most important factor in our long-term economic recovery and it will be the foundation of our nation's financial future. i am glad we are binning with a base tax that is well over 99% of what we had in our senate bill. only small technical corrections that are there and we are excited to begin with that product. everybody recognizes the importance of the task at hand. nobody more so than the hard- working families of each of our states and districts as well as3 street and the important role that this place on their behalf. in 2008, the economy was on the brink of collapse. the greed and excess on wall streetpiraled out of control and small businessss were left to payhe price. amera was held captive by financial systems at were so irresponsible that its faire almost destroyed our economy our y of life

"abraham lincoln," "the supreme court," and "who's buried in grant's tomb." order go to c-span.org/books. each one also a great gift idea for father's day. >> the republican voters here in las vegas are among those across nevada taking a nominee to challenge senate majority leader harry reid. republicans also have to decide whether to nominate the governor for a second term or choose a former federal judge who opposed the democrat, rory reid, the son of the u.s. senator. one of 12 states holds primaries and runoffs. we had a preview this morning on a number of the races on "washington journal." >> "washington journal" continues. host: at the table is bob benenson, senr analyst at "cq weekly." primaries, run off, a ver significant day that intel as a lot of stories about november. but let us get right to it. the state that has lots and lots of people talking is arkansas. what is at stake here and what is this race between senator lincoln and the lieutenant governor and become so competive? guest: first of all, of today's primaries this has the most immediate i

lincoln's primary challenger, bill halter.he unions have made the race the centerpiece of the new effort to hold union-backed candidates accountable for their vote after they are elecced. the push is fueled by a frustration that goes back years and is a peak in the health care debate. -- and has peaked in the health care debate. looking at other races across the country, we have a full list of the race is happening tuesday -- iowa, maine, house and governor, california, senate and governor, montana has a house race, new jersey has a house race as does virginia, south carolina has senate and governor and south dakota has senate and governor along with house races and all of those states. the questions continue about how influential are are the politicians when it comes to your vote? do they motivate you to get out and have a voice in the primaries? former governor sarah palin has given her support to a handful of candidates, including haley, running for south carolina governor. she also came out this past week to endorse a cand

it's performed at the historic lincoln theater.ington got his start in a club in what's now the theater's basement. and which sits in the neighborhood where he grew up in the heart of washington's u street district known in the 1920s as "the black broadaway." >> will be i'm tapping to his sound and musicianship which makes me invent and create and at this time in my career, that's a gift. >> brown: gregory and maurice hines began their act as young children, gained a large following through stage and tv appearances. as well as in films, including "the cotton club" in 1984." they were well aware of following in a great tradition of dancers, including other siblings, like the nicholas brothers from the 1930s. and they were eager to keep that tradition alive. >> if i win, you take over. >> fiwin? >> brown: in the late eight ease gregory, who died in 2003, became mentor to savion glover. as maurice tells the story, gregory promised one day maurice too, would find dancers to mentor who shared his love of jazz, dance, and ballet as well

senator lincoln won her primary election. the papers said she is more determined than ever to go forward with her position. you have the white house and frank saying the opposite. not a lot of room on that issue. host: for you, you sit on the committee. tell our viewers where you see some compromise and where you could agree with democrats? guest: not on the derivative aspects. derivatives are important to our economy and its function. it allows for businesses to hedge their risks going forward. it allows for additional credit in the marketplace. you try to drive that down or dry that up. he end up with a much tighter economy than what we have right now. you make it even harder for businesses to operate. it is harder for them to expand. the president was on tv regarding the energy situation in general. we have had corporations come to us and say, we would like to expand our development in alternative energy. that will cost as a certain amount of money to do. we can take the capital money we have right now and invest it in thi

. >> this is a quick yes-no questton on blanche lincoln's does that strengthen her position on the derivatives peace in the legislation? >> people have seen this both ways. they think her win gives her a -plouder voice and a stronger perch from which to abdicate her position. some people say that now that she has won and russia cannot coast to reelection, it perhaps gives the voice of opposition a greater hand. >> i will let dennis brady have the last word. >> i think they exppcted that particullr provision to disappear all along.

that is what blanche lincoln does. she turns the outsider thing on her opponent. that he's being backed by these outsiders. she's the incumbent. she's the washington candidate, chairman of the agriculture committee and she managed to make herself sort of the outsider taking on these alienations. >> so did bill clinton by calling them the national union. >> lehrer: do you agree, the labor could have stayed out of this or should have stayed out of it? >> i think they want add tension. i think they didn't feel they were getting the attention from the democrats. they didn't feel they were getting the attention from the white house. you don't do it unless you're going to win. i mean i don't think you're going to spend that kind of money and time, effort and energy and put that kind of spotlight unless you deliver, you come back with it. >> okay. thank you both very much . >> woodruff: again, the major developments of the day. there were warnings of much greater environmental damage in the gulf of mexico oil spill. that's after scientists issued sharply higher estimates

now, you have said that there is one, thuff letter from chairman dodd and blanch lincoln saying there is one. that's half of it. you'd vote for that because you're saying it's in there. secondly, there's the federal audit. and we need, the taxpayers and voters are demanding, and mr. hoyer, transparency at the fed. they're spending trillions of dollars, committing trillions of dollars let's have this audit of the fed. the speaker pro tempore: the gentleman from massachusetts. mr. frank: i yield myself as much time as i may consume. the speaker pro tempore: the gentleman has 7 3/4 minutes. mr. frank: mr. speaker, to begin, i want to address the members who are concerned that the interchange amendments will unduly affect smaller financial institutions. the interchange amendment wasn't part of the bill here. it was put in by a heavy vote in the senate and the conference process means a compromise there is in that amendment, as senator durbin put it in, an exemption for any fee set big the federal reserve for small institutions. they, then, feared they would be discriminated against so we

abraham lincoln said -- the greater principle is, he said -- grant wins wars. find out what he is drinking and send me that. host: in "the new york times" op-ed section this morning, "what would lincoln do?" host: arizona, jason on the line for republicans, good morning. caller: good morning. host: what do you think? caller: i do not know exactly what general mcchrystal said. short of it being a treasonous statement, i do not think obama has any reason to fire him. obama publicly ridiculed arizona. if general mcchrystal is fired for stating his opinion, obama should be fired for stating his. host: also in "the new york times" opinion section this morning, "truman knew he could not set a precedent, and one basic element in our constitution is civilian control of the military." baltimore, teresa on the line for democrats.+ good morning. caller: good morning. everybody does have good opinions, but i do want to say that as far as the general -- if he is not doing his job, maybe this should have been looked at before. he's been in office for some time now. mmybe the

lincoln, aye. mr. leahy, aye by proxy. mr. harkin, aye by proxy. mr. shelby, no. mr. corker, no. mr. gregg, no. >> the clerk will report. >> the votes are 7 aye, 5 nay. the bill is passed. >> i thank my colleagues, immensely. [applause] >> will the house and senate conferees in favor of passage of the bill, i declare the bill passed and the conference committee is now adjourned. [applause] [inaudible conversations] >> i think chairman frank and his team. we recognize the tremendous effort of the staff, representative barney frank and i worked together the last couple of years. it is a big legislative effort. we have a lot of work to do. this makes a huge difference. we thought we could get this done, but to establish a consumer protections bureau for the first time in the history of our country. stopped too big to fail, provide for the protections and see to it that we don't end up in a kind of cataclysmic event that brought our country to the brink of financial collapse. that kind of early warning, there are other items that are included. we believe we have something that has be

new to you about lincoln, the nation's highest court, and the grave sites and lives of american presidents. to order, go to c- span.org/books. they make great gift for father's day. >> he expects us to believe that he thinks a three pound a week tax break will help keep families together. no wonder the deputy prime minister is sitting so quietly by his side. on this one -- on this one, nick agrees with me. . &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& join me in a tribute for those who have died in afghanistan. these were men of outstanding skill. mr. speaker, we should be alarmed and shocked by the events. i can assure you the body of the gunman has been found by the police. the statement would be made to parliament tomorrow. when communities are suddenly shattered in this way, our thoughts should be with those caught up in the dramatic events, especially those killed or injured. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& >> the biggest concern is that appointed by the legislative. will you confirm that you will make all our lawmakers accountable to? >> i am grateful for my hon. friend for asking that questio

one is a provision by senator blanche lincoln, which could move the swaps desk outside of the business. what are your thoughts on that? >> they would have to move them to an exchange, and the exchange are operateded by the four largest corporations in america, financial firms. they basically control that business. so you would move them into what is almost a monopoly right now before you could have a company -- say john deere.. they could executt another agreement with a private party. i don't see any problem with them doing that. john deere, caterpillar, ford, i.b.m., you name it, every large company, they hedged on their exposure. the airlines hedge it on aviation fuel. a lot of your international companies that do business overseas, they have currency hedges. i don't see why you have to have a gatekeeper at one of the four largest financial firms. that is what we have done in this bill. we fixed things that weren't a problem. we have had company after company after company that has come to us -- and this is a lot of the lobbying. but they have cooe to us and said this is going to co

host: in the blanche lincoln debate, and you think came out on top of that? when shalik and one that, but who you think -- blanche lincoln won the debate, but who do you think was affected by that? guest: i would thinn that other democratic senators will -- who are from some states were f labor is a little bit stronger might have gotten the message of labour could come into their i think they showed a little muscle, depending on which senator they take a look at next. host: this is debora from hersman, tennessee. caller: i have the greatest concern for womennof this country and i pray for women, and men as well. i wonder why things are not being done. this country was built on trust and love of god. we need to follow through and being more responsible for what we can do for others. we need to talk more about what we are doing and what can we do best. i see people struggling with regard to day care vouchers. they do not have the money to pay for child care. and then there are educational successes and a good job searches. i am wondering what avenues we have fo

blanche lincoln received 52% of the vote and won. guest: yes, the white house pointless expenditure by organized labor. i wonder what we would say about $1 billion in afghanistan, more than pointless and terribly destructive. it seemed to be a message from the white house to organized labor, just let us run the show after 16 months, the results are clear. it was supposed to be a priority of this and ministers in. >> this administration. i commend a group called bold progressives, and other such groups -- those that worked very hard to put up a fight against a blue dog corporate democrat named blanche lincoln in arkansas.. the advice coming from the white house foo progressives including organized labor too just say ok, tell us what to do, that does not comport with history if you look back fdr from the 1930's, john kennedy and others froo the 1960's. all the great movements came as a result of the base mobilizing. to the extent, the press has made a mistake of deferringgto the white house for the last 16 months. we have de-mobilized

in arkansas, misses lincoln was forced into a primary runoff after coming in short. she got 45% of the vote and mr. halter got 43%. down in california, and a look at the governor's race. actually, this is the governor's race there -- conservative or liberal establishment or maverick, money still talks. that is the message from california as a billionaire made whitman leads multimillionaires times commissioner -- multimillionaires state insurance commissioner. republican gov. john hogan and democratic state senator tracy potter of the prohibitive favorites to win their party's nominations. to virginia, the house democrats swept into office on mr. obama's coattails may have trouble hanging on this year. the field is rife with tea party backed republican challengers, maybe to right. six republicans are vying for the chance to take on democratic representative glenn knight -- nye. connecticut. caller: i really don't have a problem with what helen thomas said. it is her opinion, she is allowed to say it. my big thing is, i am for america. host: tie that in. what do you me

"abraham lincoln", "the supreme court," and "who's buried in grant's tomb?"o order, go to a c-span.org /books. each is a great gift idea for father's day. >> secretary of state hillary clinton and her indian counterpart spoke with reporters thursday about relations between the united states and india. from the state department, this is about 40 minutes. >> good afternoon, everyone. let me warmly welcome our indian guests, particularly minister krishna. it is indeed an honor to host this inaugural strategic dialogue between india and the united states. this makes good on plans that minister krishna and i announced in india last summer. it advances the vision of partnership articulated by president obama and prime minister singh. i know president obama is looking forward to joining us later today and underscoring his personal commitment to strengthening the u.s.-indian relationship. india is an indispensable partner and a trusted friend. we believe that a rising india is good for the united states and good for the world. our two nations, great democracies with

.- blanche lincoln. it had been opposed by the administration.ome lawmakers in both parties, multiple banking regulators and wall street, but appears to be gaining support. your reaction? guest: derivatives swaps are very complicated. i never worked on wall street. i never worked on the house financial services or banking committee. i never dealt with these issues, but neither have the large majority of congressional members who will be voting on this, nor the president. i have followed it closely and the past two years. not all swaps are bad. not all hedging is bad. here you have a political situation meeting of policy situation. the well so poisoned for swaps and derivatives now simply because the credit default swaps were such a driving force behind a lot of the bad subprime mortgages which back the those financial products. here you have it spinning off basically meaning, senator blanche lincoln of arkansas pushing for it, taking a company like j.p. morgan in cutting off their swap desk and making them recapitalize somewhere else. that will c

we're going ttake out blanche lincoln in arkansas.'m excited because it is an unprecedented allice between the net roots, labour, and we finally have realized we have quite a bit of power to rally small dollar donors, activists, people who have resources and expertise to run campaigns and get-out-the-vote operations and realize that we have to hold people in washington d.c. accountable. as a matter for rig on the issue. doesn't matter ife a right on public opinion. in washington d.c., they are immune to reason, theare immune to public opinion. lo athe comprehsive immigratioreform. it polls that 80%. 75% among republicans. and they are too afraid to touch it. the blic option had at the suppor o 65% of the american ople. they were afraid to touch it. we have to realize they are immune to rtain things. they are not immune to losing elections. that is where we actually make them hurt. [applause] ving forward as a practical policy, we have to focus onhe electoral component. everything else w're doing is fantastic, but that's important it t

blanche lincoln survivvd, but arlen specter lost. there is a sense of unease, and that i'd better not take this primary candidate slightly. host: does it seem like it is shaking up republicans more??% guest: i think both the left and right feel emboldenee right now. anyone in the middle is very nervous, especially around primary time. come november if republicans can survive the primary challenggs have over the next few months, they will likely be .afe some people say that it will hit both parties in noveeber. historical trends how usually angryhe electorate is partyill vote against the in power. they did against the republicans in both 2006 and 2008. host: today's top story -- dems %-ll not pass budget. hoyer says house will spend less than limits set by obama. he will confirm it in a speech on tuesday. he will back to rack down on government spending, saying that democrats will enforce spending whats that are lower than the preeident called for. is the situation when it comes to getting things done and limiting pending? guest: of t

this was a centennial of abraham lincoln's pirt. the naacp is the oldest and largest civil rights organization in the united states today. in 1913, the naacp organized opposition to racial segregation in federal government offices. the naacp also played a key role in securing the rights of african-americans to serve as officers in world war i. throughout the past century, the naacp has worked to achieve equality of rights for all persons through nonviolence. the naacp's mission also includes the elimination of racial hatred and racial discrimination. after world war i, for example, the naacp expended significant resources in an effort to combat the limping of african-americans throughout the united states. the naacp centered its efforts around education and lobbying for legislation. in later years, the naacp's leadership was instrumental in bringing about the passage of the civil rights acts of 1957, 1960 and 1964, the voting rights act of 1965 and the desegregation of public schools in brown vs. board of education in 1954. the -- 1

we're going to take out blanche lincoln in arkansas. i'm excited because it is an unprecedented alliance between the net roots, labour, and we finally have realized we have quite a bit of power to rally small dollar donors, activists, people who have resources and expertise to run campaigns and get-out-the-vote operations and realize that we have to hold people in washington d.c. accountable. as a matter for right on the issue. doesn't matter if we are right on public opinion. in washington d.c., they are immune to reason, they are immune to public opinion. look at the comprehensive immigration reform. it polls that 80%. 75% among republicans. and they are too afraid to touch it. the public option had at the support of 65% of the american people. they were afraid to touch it. we have to realize they are immune to certain things. they are not immune to losing elections. that is where we actually make them hurt. [applause] moving forward as a practical policy, we have to focus on the electoral component. everything else we're doing is fan

lincoln at gettysburg asked whether in the nation conceived in liberty and dedicated to the proposition equal can long endure. the answer is all around us. from the former slaves that are here to the soldiers from the civil war to the children of european immigrants which once freed europe, to our brothers that fought and died and korea, vietnam, these grounds record not only that freedom and liberty have endured but that they have flourished. those who sleep in arlington's new section are from every race and every creed. their graves are topped by a cross, the crescent moon and star, the star of david. to wall from lee's mansion to arlington's freshly dug grave is to see in these grounds an important truth take root. that truth is this -- are all here themselves reflect the more perfect union they died to defend. in arlington like no worlds, we conceived freedom blossom -- like nowhere else, we can see freedom blossom. it is my privilege to introduce the next speaker. i want to say and no gratitude to his wife, dr. joe biden, who is doing so much to help our military families. it is an

so i would urge the adoption of the amendment. >> senator lincoln? >> again mr. chairman i do appreciate my colleague from georgia and i would stay banks are still allowed under our bill or under this piece that we have received to be able to trade in derivatives. they are just simply going to be swapped and derivatives that are traditional and meet the core principles of banking if they are going to be traded in banks. and if they don't meet those core principles than they are going to be spun out into an affiliate that could be under the bank holding company to be dealt with with additional capital. the gentleman is right, that capital probably would be taken up but the fact is, if he is doing riskier business the whole problem with what we have this just that risky business was not appropriately capitalize. and i think that is essential. so i hope we will look at what we are doing and put some common sense to it because i do think the riskier nature of businesses do need to have the additional capital-- capitalization and i think it is only fair to the taxpaye

robert henderson, first baptist church, lincoln, illinois. the chaplain: our father, deliver us from shallow words and impure motivations as we pray to you this day. forgive us of our arrogance, selfishness and greed. this morning we ask for your blessing upon our nation, restore our hope, strengthen our faith and teach us your love, enable us to be a nation that cares as we pursue peace, practice mercy and offer compassion. we pray, o lord, that you would establish the cause of the faithful, give comfort to those that suffer and set right the injustices within our nation and the world. protect those that defend our cherished freedoms as they serve within our military branches. give wisdom to our community leaders, our courts and our national representatives. renew our commitment of service to the people of our nation and to the greater good of all humanity. these things we pray in the name of our lord, jesus christ. amen. the speaker: the chair has examined the journal of the last day's proceedings and announces to the house her approval the

incumbent blanche lincoln won renomination yesterday. here is her speech last night in little rock, arkansas. >> [cheers and applause] >> you are a great, arkansas. [applause] i cannot begin to thank each and every one of you across this great state for such a Ájob in letting a message out that is loud and clear. [applause] and that message was that the bulk of this senator is not for its sale and neither is [unintelligible] [applause] we have worked so hard, all of you all, all of these wonderful folks here, everybody across this state in reminding one another what this is all about. this is about us. this is about who we are in arkansas. [applause] deal any stronger than i kill today as a daughter of the delta and arkansas to know that your message is loud and clear, that washington needs to work for us , for us in arkansas. [applause] i can tell you here and now, folks, arkansas and this senator will be a part of the solution and put this country back on track. [applause] i have stood up to the special interests and i have done it for

. >> i want to beg by both banking chairman don and lincoln for their hard work, dedication in craftinthe bill that psed out of he senate. i want to thank chairman frank and your colleagues in the house and just know that coming back to this room brings back many fond memories. i spent 18ears as a member of the banking committee in the house in this room, where in the 1980's had regular conference committees. they were one of the highlights of my house career. the two bills here have some differences, but they share basic framework. th will strengthen the safety and soundness of our financial system, bring our markets like derivative into light and stngthen protect f consumers andnvestors. i am confident the conference committee can work quickly to arnelle the differees between the bills and get the finnl bill to the president's desk in the coming weeks. now, right now weave 9.9% unemployment in this country, -pnot because of the reform proposal that is abo to becomm law. some people areayg look what the reform proposals are doing. but because of irresponsibility in the finanal system and

"abraham lincoln," the "supreme court is a tiered and "who is buried in grant's tomb?" to order, go to c-span.org /books. each one also a great gift idea for father's day. >> "washington journal" continues. on years -- host: on your screen is thad bingel, he served as chief of staff for board of protection from 2007 through 2009. talking about affect of the securing our southern border, and in particular with news the president today will be meeting with arizona gov. jan brewer on the immigration law. let me get to that first. what do you think of arizona's's response? guest: i think in many ways, i have been less prone to rust to judgment on it because the law has not even begin -- begun to begun in force. i think we need to judge it after we see how arizona law enforcement handles it because the law itself is one thing. how they train and actually implement it is another. i think that is where the have to pay particular attention -- attention, and they will because the eyes of the nation is on them, they will go overboard to make sure their officers are properly train

what is blanche lincoln going to do? what is ben nelson going to do? what is senator levin -- senator lugar going to do? what is -- what the people in the middle to is where it will be made or broken. >> that her mind the -- that reminds me of something said earlier. it used to be regional, and now it is partisan. when you talk about individual votes, you have to think about corn in the midwest, royalties and the gulf coast, -- royalties in the gulf coast, and other sorts of energy projects, including home state jobs. that is how you win over votes. that is how they broke through last night on financial reform. digital will carve out four massachusetts banks -- they did a little cart veout for massachusetts' banks. they need to buy off a few. what are some of these home state issues we could see emerge? >> david, you're familiar with this. how do you get lugar, collins, a gulf state senator? >> again, i think, the larger issues are still in footfall. while it is true that the middle will be the ones that decide, if there is also a question of what the

lincoln. >> know by proxy. -- no, by proxy. wait, a little bit. senator lincoln, aye by proxy. >> mr. harkin. no, by proxy. >> mr. shelby. >> aye. >> mr. kriegel. crapo.mr. krieg >> aye. >> to the measure is a tie and it is defeated. >> we are going to recess for five minutes. [gavel] >> come to order. let me say, we previously had a tie vote and the proposal failed on the tie vote. as an expressive to senator chambliss, i believe -- as i expressed to senator chambliss, i think it is important to note that, while i do not necessarily disagree with what he is suggesting, and the fundamental reason for the vote on this side has less to do with the substance of the thing. the fact of the matter is we have a limitation on the parameters of this conference to be focused on the title that deals for the pay-for provisions of the deal. i'm prepared to work with my colleague from georgia on this to see if a call away solves the problem or something else may be done. >> in the procedural footing, i hope to not vote to reconsider. this is a very large bill.

just finish with a couple of things from lincoln. this is from august 12, 1861, the first year that abraham lincoln was president, this is his own words, whereas when our own beloved country once by the blessings of god united, prosperous and happy is now afflicted with faction and civil war it is pe kuhl yarly fit for us to recognize the hand of god in this terrible visitation and in remembrance of our own faults and crimes as a nation and as individuals, to humble ourselves before him and to pray for his mercy, to pray that we may be spared further punishment, the most justly deserved, the boom of civil and religious liberty may be restored. and this in closing, abraham lincoln's own words, his first inaugural, march 4, 1861, intelligence, patriotism, christianity and a firm reliance on him who has never yet forsaken this land, are still competent to adjust in the best way, all our present difficulties. it was true then. it's true now. and i yield back. the speaker pro tempore: is there a motion to adjourn? mr. gohmert: yes. mr. sp

"abraham lincoln," the supreme inrt" and "who's buriedn i grant's tomb?" to order, go to c- span.org/books. each one a great gift idea for father's day. the campaign for america's future began its annual conference in washington focusing on the progressive movement assessment of the obama administration and its role in this year's elections. this is a little more than two hours. [applause] >> welcome to america's future now. [applause] hi. you are over here. namecards. my name is robert. i welcome you to washington. this has been a city of great heat and big storms recently and i am not talking about the weather. and we need you to turn up the heat a little bit more. [applause] you will be over 1000 people strong as we move through these meetings this week. you come from 30 states. you see me from across the progressive sttribes of the progressive movement. a little more than a year into the obama administration, a little less than six months from the bi-elections and in the midst of a pitched battle about the direction of this country. 24 million people s