way that they're going to solve these deficits is what slavery the middle class by slamming main street america will take you where you need rights here teachers firefighters policemen but they're not telling us about the corporate tax rates they passed about the special interests they have carved out their own tax loopholes in the tax code and other big corporations and big really wealthy people were not paying their fair share a world b.s. that they have so easy just to forget about all of that and target state employees isn't it well you guys over at think progress you came up with a list of just a few suggestions when it comes to some of these tax breaks or some of these loopholes you know which could fix wisconsin's budget deficit so tell me of some of them are so for example. right now we have a lot of tax dodging and i mean there was one for wisconsin's future which is a think tank of the state actually i mean there's about a billion dollars of taxes going on in the state right now there's one hundred thirteen million dollars every year the state loses just from tax. businesses basically

i think, when you go to main street america and you come to different places in the world, people alwaysentually, it's just about my fans. it's not about that. i'm doing this for my fans. i could careless what anybody else thinks. >> are you fans ready to hear him sing? all right, chris. thank you. let's get to the music. the new record is "f.a.m.e." and the hit single is "yeah 3x." here we go, with chris brown. ♪ ♪ move your body out on the floor ♪ ♪ put your troubles aside and start living ♪ ♪ anybody can't let go ♪ ♪ throw away all your problems ♪ ♪ 'cause right now it's party time ♪ ♪ girl, dont feel outta place 'cause i, i'm in love ♪ ♪ with this feelin' now now ahhhahh ♪ ♪ hope that this will last a while ♪ ♪ we should make it last a while ♪ ♪ you like to drink? so do we ♪ ♪ get my bottles bring 'em to me ♪ ♪ hold your glasses up people everywhere ♪ ♪ now, everybody put your hands in the air ♪ ♪ yeah, yeah, yeah girl, i wanna ♪ ♪ yeah, yeah, yeah i wanna see you tonight ♪ ♪ ooh, yeah yeah,yeah,yeah ♪ ♪ girl,i gotta yeah, yeah, yeah ♪ ♪ i gotta, i gotta i wanna see you tonight ♪ ♪ o

in some did in some cases they can rise up and they get shot down so what will happen to america when main street really rises up and really starts demonstrating is left to be seen i've not sure what our government is going to be doing but i can tell you a lot of my listeners on on my channel are very concerned that. the government may be preparing for some sort of martial law if that were to happen scary stuff martial law or a time in our founder of three five and right. now from states to average americans and seems that everyone is grown these days for unfortunately for the gray lady it looks like she's getting in the bread line along with the rest of us so what idea does the brilliant new york times come up with to stem their financial loss. eight ok well so let me recap you have a product that's been free on the web for pretty much ever fewer and fewer people are using that product in the age of t.v. twitter aggregating services blah blah blah we are in one of the biggest recessions this country's ever seen and have less money to spend in general and what does the new york times come up with

so if you take main street america -- the startups, the businesses, the dry cleaners and all the traditionalsinesses, that's one segment. another segment is the innovation sector. but i think you should break the sector one -- in one more way. you should stratify that in two parts. one is growth and then extremely high growth companies. just real quick stat on venture-backed companies, venture capitalists have invested in companies maybe 200 to 250 billion over the history. .. >> since we are have such a high market share, we work to provide credit to the companies. we will routinely see two, three, four, five competitor term sheets on the companies. pricing may have gotten higher. but for the most part, it was availability of credit to these companies. and this is really at all stages to your question, karen, about these companies are. even before they have in revenue, we are lending them money. traditional banks aren't that comfortable with it. they want to see cash flow as a repayment source. we are comfortable lending on the knowledge of the venture capitalist, and what industries, and t

cuts in madison from the bailout on wall street to the foreclosed homes on main street it's all about drastically remaking america and putting a few hundred billionaires in control of your future but as michael moore so eloquently said over the weekend on the steps of the capitol in madison there are still more of us than there are of them and it's not too late. ten billion dollars in corporate cash is worth very little of it and buy our votes let's grab on to what little is left of our democracy and with a slogan that despair is not an option embark on undoing all the perversions that these radicals have inflicted on our nation over the last thirty years let's under all or insanity from reaganomics to corporate welfare because alterman a democracy of for and by the people it was a hell of a lot better what is the right path is to take than a boardroom at a transnational corporation we should be raising taxes on millionaires and billionaires we should be regulating wall street we should dump global so-called free trade agreements we should end the supreme court struck from the corporations or people we need to ki

main street, not wall street. this is not about my past. it is about our future. i think america is in trouble. the debt is amounting, and is resting on the chests of my grandchildren. spending is out of control. we spend $300 billion of month, and we'd borrow $120 billion of that. we've borrowed from our enemies or our competitors -- china, japan, and the tyrants in the middle east. there is no end in sight, and the president's own budget, he has got to in years of deficit. he will add more to the national debt in his four years than all presidents or him combine. what is washington doing? thank god for the tea party. i noticed -- [applause] thank god for paul ryan and the republican party and steve king and others. washington is not about leadership. washington is not about the people. washington is about money and reelection. had he figured it out? -- have you figured it out? i will tell you a story, the nation is hurting, and washington, d.c., is a boom town. how does that grab you? i tell you what they are addicted to. special interest money, all i want is access money, wall street money,

those who live on main street of america have very little to do with the onslaught of our economic crisis. in response, they are doing what generations before us have taught, carrying on, hoping that the darkness will give way to light. mr. speaker, if we allow employers to block consideration for those who are unemployed, we let that light get a little dimmer. we allow the american dream to be tarnished. we send a message to the american people, those who are currently unemployed, and those who want a bad break away from unemployment, that we will bail out banks but not support them as they fight to take care of their families of the the civil rights act and amendments that have followed demonstrate what makes america exceptional. here regardless of the color of your skin, the god you pray to, your ethnicity, your age, or sex, you will be judged on your performance. we haven't always lived up to our principles but it is the collective momentum toward these values that make america great. discrimination against any american is an affront to the very idea of america. a new class of citizen

and this burate karatic nanny state that will only benefit the recovery of the main street of the united states of america. >> woodruff: you don't see cutting programs i think senator durbin mentioned cutting medical research, cutting infrastructure that cities and localities need around the country as programs that are needed? >> well, there are some ograms that came up as part of the amendment process. some of the community service block grants that i thought were not necessary to be cut. i did not. but i think when you look at what we sent forward those are very good, very well thought through cuts that the american people have supported. look, we have to start somewhere. if we continue down the road, we can't just have a freeze of current levels of spending because this is what got us into this situation as we are in right now. so sometime we have to begin to turn around the process of out of control spending up here in washington d.c.. the american people are going through and they're looking at the budget. they're finding out these programs that need to go away. they're expecting us to do the exact

america. not just on wall street, not just in the fancy places, but on main street and our hometowns all over america. senator snowe and i are on the floor today together happily to talk about a bill that she has put a tremendous amount of time and effort into as chair of the committee. now i serve as chair of the committee, and she is my very able ranking member, and together our staffs have worked very, very closely for a long period of time to try to fashion the compromise that is before the senate today. i want to thank the 84, i believe, members of the senate that voted for cloture last night. i know the rules of the senate are strange still to many americans, but we really can't operate without unanimous consent, so it takes an extra special level of cooperation. and while we didn't get everyone last night to go on the record, we did get the prerequisite number above 60 to move to this debate, and i'm hoping that our amendment process can be very smooth, that we stay focused on small business related amendments, that we work in good faith and hopefully in the next couple of days we could

we had irresponsible behavior on the part of wall street that required rescuing the financial system in america so that main street could fight and survive another day. and then that led to a collapse in the economy and 10% unemployment that required governmental action in order to try to stabilize the economy. we have a long way to go in restoring the economy, but that has to be our first mission. the republican proposal on how to address this budget in these continuing resolutions will fail. the reason it will fail is because it fails to do what must obviously be done if we're going to have long-term fiscal stability and that is put everything on the table. the cuts that are proposed by the republican majority, unwise as they are, cannot do the job. the total focus of the republican effort in its budget plan to restore fiscal balance is to attack 12.5% of the budget. the nondefense discretionary part of the budget. it happens to be programs that are benefiting americans in many cases. but leave it aside the debate of whether we should cut low-income heating assistance, the most vulnerable americans, or cu

a floor for the agencies to look to the small businesses in all of our communities on main streets all over america and say what do you have to offer, and we'll give you an opportunity. you know, this works two ways. one, it's good for small business to be able to have access to some of these research and development dollars. but, mr. president, as importantly, it's important for the taxpayer to get the best bang for their buck that they're paying in taxes. and they want the best technology, not just the easiest to access. they want the best technology. and these companies, having invested in this program now over 25 years, we have evidence upon evidence upon evidence to suggest that the taxpayer has in fact gotten the best bang for its buck. in fact, this company that i'm going to show you will prove beyond a doubt what i'm saying. this company, qualcom is a very famous company now. qualcomm is a company based in san diego, california. its owner -- it's publicly owned now, but its founder testified before our small business committee just last week on this program, urging us to do this reauthoriza

so why are our troops and communities in america being left behind? rural main streets in iowa have been devastated as republicans rewarded outsourcing, manufacturing plants like in my district, like maytag, all of you know who maytag is. they've been packed up and moved their jobs to mexico. many of you have similar situations. rural workers have lost jobs in ethanol, biodiesel, wind turbine plants and because we've given tax breaks to big oil while cutting investments in renewable energy. these communities have weathered crisis after crisis and as republicans defend wall street speculators, taking away the markets we depend on, i urge my colleagues to say yes to rural america and the middle class by supporting this amendment to h.r. 861, rural america is not blue or red, rural america is simply hardworking communities that are already struggling to keep their american dream alive for their residents to live, work and believe in them. thank you and i yield back. . mr. braley: many people, rural america is a policy or a program. to us, it's where we came from. i urge al

main street, not wall street. this is not about my past. it is about our future. i think america is in trouble. the debt is amounting, and is resting on the chests of my grandchildn. spending is out of control. we spend $300 billion of month, and we'd borrow $120 billion of that. we've borrowed from our enemies or our competitors -- china, japan, and the tyrants in the middle east. the is no end in sight, and the president's own budget, he has got to in years of deficit. he will add more to the national debt in his four years than all presidts or him combine. what is washington doing? thank god for the tea party. i noticed -- [applause] thank god for paul ryan and the republican party and steve king and others. washington is not about leadership. washington is not about the people. washington is about money and reelection. had he figured it out? -- have you figured it out? i will tell you a story, the nation is hurting, and washington, d.c., is a boom town. how does that grab you? i tell you what they are addicted to. special interest money, all i want is access money, wall street money, to be

america. as the big banks and card companies make their pitch, i hope my colleagues will make their choice to stand with main street instead of wall street. i hope they choose to stand on the side of hardworking small business owners. most americans understand and i sure do, good jobs are created by small businesses all over this country. we've got to be on their side in the struggle and not on the side of the biggest banks and wall street. i want to respond to another argument raised recently against interchange reform. banks like j.p. morgan chase have started threatening the ip u. interchange reform will force them to limit debit card transactions to $100 per transaction. this threat is so hollow i'm amazed they're saying it publicly. it is a threat that deifies basic logic. remember, it doesn't cost a bank anymore to conduct a $100 debit transaction than it does a $1 transaction. in both cases the cord holder must already have the known his account. the cost of transferring that money through the network wires are the same no matter what the dollar amount. the only reason thisphlet is made is to scare oppositio

thousand people that came to the streets in london to protest what they call brutal cuts in jobs and services so america is just beginning to see austerity reach the main stage they have to wonder if soon the numbers here might also resemble what we see in europe and across north africa and the middle east joining me from our studio in los angeles is ben cohen editor of the daily banter dot com ben thanks so much for joining us tonight now let's start with what happened in l.a. this week and really this is a reaction to what's going on in wisconsin and california itself we haven't seen any cuts really manifest yet so if so many people are coming to the streets before anything has really come to light is that tell you that this is going to be big. i think it does tell you that it's going to be pretty pretty big also california has we have been subjected to a pretty severe. downturn after the recession so california is already depressed economy is already pretty bad and the knowledge that more cuts are coming is obviously i think that's going to frighten people and it's great to see that they're on the street protesting because and i was going to comment

and development -- in research and development that gives small businesses in america that we all represent on main streets everywhere, whether it is north carolina or in louisiana or california or massachusetts -- small businesses with some of the cutting-edge technology, new, you know, exciting science with very bright people who have graduated from some of the finest universities in the world, giving them an opportunity to put their technology, their know-how in front of federal agencies for the sole purpose of saving taxpayers money, creating jobs and increasing the revenues paid to governments at the local level, state, and federal level, to solve our deficit problem. we're not going to solve our debt and deficit problem by cutting, slashing recklessly domestic discretionary spending alone. no one in america believes that. it's really -- i don't know why people come to the floor to continue to promote that ievmentd it is not going to happen. we're going to get to a balanced budget when we bring our revenues and our spending in appropriate order, in line. and when, madam president, we pass bills like t

main street homeowners. the program has a far greater and more noxious cost, moral hazard. it is the lingering belief that america's biggest banks are too big to fail and that the rules apply to everyone else in america and not to them. this belief continues to distort our financial markets, advantaging the largest banks on wall street while disadvantaging every other bank in the country. the cost to moral hazard is not easily quantifiable, but israel and reprehensible. today's hearing will consist of three panels of distinguished witnesses. we are joined by timothy who manages all our programs for the department of treasury. i particularly hope you will share with us your lessons learned from more than two years of work on the tarp. if you created it today, what would you have done differently? what can our nation learned from this ugly experience and how can we prevent it from ever happening again? our second panel includes witnesses from fdic and the federal reserve. i hope these witnesses will help us placed tarp in its proper context. finally, we will be joined by four of this country's leading economists who

main street, not wall street. this is not about my past. it is about our future. i think america is in trouble. the debt is amounting, and is resting on the chests of my grandchildren. spending is out of control. we spend $300 billion of month, and we'd borrow $120 billion of that. we've borrowed from our enemies or our competitors -- china, japan, and the tyrants in the middle east. there is no end in sight, and the president's own budget, he has got to in years of deficit. he will add more to the national debt in his four years than all presidents or him combine. what is washington doing? thank god for the tea party. i noticed -- [applause] thank god for paul ryan and the republican party and steve king and others. washington is not about leadership. washington is not about the people. washington is about money and reelection. had he figured it out? -- have you figured it out? i will tell you a story, the nation is hurting, and washington, d.c., is a boom town. how does that grab you? i tell you what they are addicted to. special interest money, all i want is access money, wall street money,

main street, not wall street. this is not about my past. it is about our future. i think america is in trouble. the debt is amounting, and is resting on the chests of my grandchildren. spending is out of control. we spend $300 billion of month, and we'd borrow $120 billion of that. we've borrowed from our enemies or our competitors -- china, japan, and the tyrants in the middle east. there is no end in sight, and the president's own budget, he has got to in years of deficit. he will add more to the national debt in his four years than all presidents or him combine. what is washington doing? thank god for the tea party. i noticed -- [applause] thank god for paul ryan and the republican party and steve king and others. washington is not about leadership. washington is not about the people. washington is about money and reelection. had he figured it out? -- have you figured it out? i will tell you a story, the nation is hurting, and washington, d.c., is a boom town. how does that grab you? i tell you what they are addicted to. special interest money, all i want is access money, wall street money,

america. our question is, whose side are you on? i'm on the side of small business and main street, i hope my colleagues will be as well. and, mr. president, i yield the floor. a senator: mr. president? the presiding officer: the senator from massachusetts. mr. brown: thank you, mr. president. i enjoy the previous speaker's presentation. mr. president, i come to the floor today to talk to you about the ongoing negotiations between the white house, speaker boehn boehner, and my colleagues here in the senate regarding the appropriations for the current fiscal year. since the beginning of the 112th congress, the house and senate have been trying to find common ground to -- to finish the appropriations for fy 2011. and instead of reaching a long-term compromise, we've passed no fewer than six short-term continuing resolutions. not only does that disrupt our military men and women trying to serve, but also every other facet of government and people's lives throughout this great country. six funding resolutions that provide little in the way of responsibly addressing our staggering defic

street came in and rob america. we let the crux back in the house again. -- crooks back in the house again. mitch mcconnell or one of the congressman said one of the mainngs he is going to do, he is going to make sure president obama is a one-german economy. that is what is happening. that is the only reason why gas prices are going up. the american people you need to wake up and smell the coffee. guest: i would agree with you because it is an observation that i had because of it being a world wide commodity. there are other factors involved, but i would respectfully disagree that this is strictly a political issue. i would draw a conclusion on the other side of that by saying that actions of this administration has overtime exacerbated the problem. in the long-term because bringing the facility's on-line quickly takes awhile to do that, no question about it. the action of this administration would suggest that in the future we will have even greater problems. nobody can predict the futures, , but the actions of what is happening right now suggest that would be the case. host: mike from florida. caller: good morning, mr. hastings. i really appreciate y

because main streeted, the retail merchants, restaurants, convenience stores and many others had worked hard for this amendment. never before had visa and mastercard, the duopoly of credit cards in america and their big bank allies lost a vote like this in congress. normally the card companies and the big banks are used to getting their way in this town. visa and mastercard have such power that they control over 75% of all credit and debit card transactions in america. last year $1.39 trillion was transacted on their cards. according to the american bankers association, the u.s. banking industry is a $13 trillion industry. that's trillion with a "t." many members in this body are being lobbied right now by banks and card companies to repeal this law, to undo the interchange reform that congress passed last year. it is one of the most active lobbying efforts i've ever seen. i want to explain why interchange reform is so important. not just for the concepts of competition and transparency but also for the people and businesses affected. for small businesses and consumers and the american economy. a little back sph ground on the debit card industry. debit cards are simply a way for account

america, our economy in spending. this first chart shows private sector jobs increases, the jobs along main street, and federal government or business investment. what it shows is a direct correlation. when companies large and small be buy new buildings, new equipment, new software, private sector jobs grow. look at the next slide. let's go back two. perfect. and here you'll see the blue line which is federal government spending the last 40 years. the red line is job creation. if you look, if you track job growth and if you track federal government spending, you'll realize there is no correlation. in fact, as federal spending grows, jobs along main street shrink. that's because without private investment, you don't have the jobs to go with it. there is no substitute for private business investment, not federal spending, not rebates, not even shovel-ready projects. the new report we unveiled today is spend less or let's grow the economy. mainstream peer review economic studies over the past four decades examining our global competitors with high debt, it provides clear and convincing evidence the countries that reduce the