of new heights communications and marc harrold libertarian commentator and attorney great to see you all if you thank you for being with us let's start out with this private equity i see is really a small symptom of a much larger problem which is all the changes in the tax code and the basically the wool's of business that are part of reaganomics that we've been living under for thirty two years have moved us from thirty five percent of our economy being manufacturing eight percent. to eleven somewhere between eight and eleven depending how you calculate it and some people say mcdonald's is manufacturing numbers and moved the flyer economy finance. insurance and real estate from being less than ten percent to being over thirty percent of our economy so now instead of making things that actually create wealth we move money around and the people who have money around really efficiently skim a piece off the top and they become billionaires how does this how is this a good thing you know there's this legacy of reaganomics and shouldn't we be seriously considering a role in a bag anybody

for new york state republican committee called williams democratic strategist and attorney and marc harrold libertarian commentator and attorney thank you all for joining thank you good to see you david way off in new york thinking joins so first of all thank you for that first of all you all heard my rant and you know setting aside all rationalizations and theories and policies and everything else. my conspiracy theory on this and i would love to get each one of your takes on it is that republicans aren't dummies they noticed what happened when herbert hoover was president and the great depression happened other than a two year period one hundred forty six forty seven republicans did not gain control of the house of representatives from one hundred twenty nine until one nine hundred eighty six it was two generations before the republicans had power again and if these guys can crash the economy while president obama is president they are convinced the democrats will not hold power for two generations this is all about political power is it not anybody yeah i'm whole it clearly is about poli

automatic joy in prisons big picture rumble david alaska new york city nicole williams and marc harrold here in washington d.c. let's get back to it. according to the new york times this was a real i thought this was an interesting story today that that strategy would make the front page of new york times or at least electronic to shine on this in the paper one that the democratic party is taking. a playbook out of what was really the george bush sr error republican party wedge issue you know they had they would they got these abortion restrictions on the ballots in the states the swing states in order to get republicans to come out and vote it's been done with gun issues of it's been the gun with gay issues god issues whatever you know all the g.'s and the democrats are plan doing this with the minimum wage let's you know let's go into those swing states and get the minimum wage on because a majority of republicans are in favor of raising the minimum wage but i need huge majority of democrats are in favor of raising the minimum wage. so you know first of all isn't. it david i'm curious

about this big picture rubble with me tonight marc harrold nicole williams dutch martin let's get back to it iceland is sending their banks there is there a prison or icelandic banks have been have been literally sent to jail the c.e.o. of bank the biggest bank in eyes of the c.e.o. jamie diamond of iceland just got five and a half years in prison the former chairman of the bank also got five years in prison who also would be jamie dimon is he the c.e.o. and chairman i don't know whether you and the lloyd blankfein why can't we thought why can't we send our banks are to jail ronald reagan sent banks to jail i mean charles keating ronald reagan through his but jail you know much to john mccain's sure grin but still in a cold why are we doing i see me senator warner warner she acts the same question i think a couple months ago in one of the committee hearings you know it doesn't this activity borderline criminal some of the things that these banks have been getting away with the reason that we got into the recession to begin with in two thousand and eight someone needs to pay the price f