the menendez proposal has a semi-attention. the borrower receives a write-down of tim -- principle for exchange on waivers on its appreciation the profit lun the future. there are problems with this, to pull. capital marks have shown little interest in it as a product for investments of a generally, if you make idiot to keep it on your books but second there are moral hazard problems related to incentive to maintain property when someone receives a capital gain. the third problem in the menendez proposal assault and that is getting independent appraisal so again it has some issues but also has tremendous potential and it is one thing i would like to see them do a trial program for sam's. now whether or not this is done by private financial institutions or the gse is a topic for later debate but again i think it is one of the most innovative ways to try to get out of the negative equity problem because as i said earlier, the program from isakson and boxer i think when i looked at the numbers and look at the cbo report i don't th

and joining us is senator robert menendez of new jersey and a member of the congressional hispanic caucus and thank you so much for your time, sir. >> good to be here, tamron. >> let me get your thoughts on what you believe that the president needs to say today. >> well, i think that he needs to say how we are going to build on the job efforts that we have had and get america working again. so i hope that means, you know, research, and get the r&d tax credits extended to create new enterprises and new research opportunities and jobs that flow from that and deal with the infrastructure and the roads and the highways and the bridges and our schools. so let's get construction workers and engineers and architects and all of the office suppliers that work with them, and education moving for those who need to improve their skills in a competitive marketplace, and how do we help small bizpses at the end of the day and mid-sized businesses to get the tax breaks that will give them tin sensitives to the hire people? >> well, what is different about the plan that the president will present or expec

we also thank the wonderful hydra menendez for inviting us today. let's have a big hand for the mckinley elementary school choir. [applause] they are being led by second grade teacher miss yang, miss vantia, miss bryant, and miss petrokie. i think our principal is in here somewhere. ok. there is our principal, rosa song. there she is. [applause] all right. we are ready. ♪ [piano playing] ♪ [piano playing] [piano music playing] [applause] [piano playing] [applause] [piano playing] >> give it up one more time for the mckinley elementary second and third graders. [applause] >> i'd like to acknowledge scott wiener. thank you for joining us. i'd like to acknowledge my colleague, sandy, for joinin gus. -- joining us. and at this time, i'd like to welcome ed lee, the mayor of san francisco. [applause] >> thank you, hydra and mckinley students. thank you very much. supervisor weiner, i thin kwe k we have the official song, next time i go t otho the boardf supervisors, we need side by side. we ain't got a barrell of money. thank you for coming today. i want

i want to thank congressman gonzales, senator menendez for your outstanding leadership.to thank the hispanic caucus institute for inviting us here this evening. it is wonderful to be back with all of you to help kick off heritage month. i want to acknowledge a few people who are here with us tonight. we are honored to be joined by princess christina of spain. [applause] we are honored to be joined by our first latina supreme court justice, sonya sotomayor. [applause] i want to recognize the house minority leader nancy pelosi. [applause] our great friend and champion, as well as welcome ken salazar for their awards tonight and outstanding work. i also want to give a special shout-out to my friend, ray. the program director here. not many people can give the president of united states stitches in his lip and get away with it. ray is in unique company. i sent him a photograph of the moment, as he was throwing his elbow at me, and he said, he is the only person ever did that to and the secret service did not arrest, and i hear that he is tough off the basketball court, too.

. >> senator menendez. >> thank you mr. chairman. first of all i want to thank you for moving forward with this hearing and i want to thank attorney general cordray for accepting a nomination under very difficult circumstances and for his appearance here today. i can just tell you if i had the smile of your son and daughter i would win my election hands down all the time so i'm going to have to learn it because it does not come naturally to me. you to full smiles. however, you know consumer protection and a director of the consumer financial protection bureau are important topics but unfortunately progress has been fleeting. progress that is some holding wall street accountable and protecting consumers. the consumer financial protection bureau officially opened its doors in july. mr. cordray was nominated days before but months before, months before my colleagues on the other side of the aisle said that they would be siding wall street and blocking any nominee. let me repeat that. any nominee from heading the consumer financial prote

alicia menendez, senior adviser for the new democrat network and joe watkins, republican strategist and msnbc political analyst. let's start right at the top. rick perry has his first big night on the national stage. alicia, do you expect perry to have a strong opening performance compared to that of the current field? >> i think that perry knows that expectations are high, and i think he's honest with himself, or should be honest with himself about the fact that he's not a seasoned debater. that he is entering into this a little bit later than everyone else. as much as that gives him the advantage of being the new person here, it also puts him at a slight disadvantage which is that these other people have gotten accustomed to one another. they know where people are going to go on certain issues. i would be very surprised if his team has not overprepared him for tonight. >> joe, we know a lot of people are going 0 to be on the stage zeroing in on rick perry. jim vandehei brought up quotes from the book. who do you think is going to be the spot light pulling attention away from rick perr

i think one of the best measures of accountability by seen as senator bob menendez in this corporate 500 asking for accountability on a variety of areas as it pertains to hispanics, not only hispanics high gear in their inner rank but who they are doing business with, who sits on the board, filling hispanics as an area of procurement and representational board and representation of the work force and so i think that if we fight -- the corporate communities respond when you hold them accountable and so i think we can do a better job or continue to do a good job like them like senator bob menendez. but as i close, the word accountability is twofold. it goes both ways. us hispanics, we cannot be a self-fulfilling prophecy. you cannot be hispanic for a living. we have to hold our side accountable to be the best we can be and not be measured by the color of our skin. that is all it's on so i asked we told ourselves accountable to be a part of the solution. 50 per cent of leadership is just showing up. it's really why i'm here today. i want to leave you with that thought of accountability

thank you very much for the opportunity to testify. >> thank you very much, chairman menendez.w as they have been since the great depression. nonetheless, too few borrowers have been able to take the advantage of low interest rates and refinance their mortgage hampering monetary policy in dampening consumer spending, unable to refinance debt the way corporations have consumers are left with week -- weak balance sheets and mortgage payments, often above the cost of renting a contributing to excess delinquencies, foreclosures, and falling home prices. numerous corrections contribute to this low rate of refinancing. up-front fees for refinancing, borrowers with moderate credit and a loan to value ratio of 60% for more. lenders years of litigation from reps and warranties further discourage refinancing. many borrowers are under water. a streamlined refinancing program could benefit 25 million or more borrowers of government-backed mortgages decreasing annual payments by up to 70 billion, about $2,800 per year per bar work. the majority of savings accrued to borrowers whose original

will protect queen moyen matsu these people like cornyn and and ross let and robert menendez who's a democrat from new jersey i should add he's a member of that same cuba coalition that ileana ros leighton is a member of these are cold warriors but then again they're also the hold into the military industrial complex they want these french jobs been named as a new jersey court in taxes and where as a ross lightnin she is she is the chairman the house for her relations committee but she if you want to republican administration after obama you're find people like ross layton and in that administration these are people who are playing brinkmanship with china they like to do with russia the cold warriors in the twenty first century china has been warning the u.s. for quite some time about this this deal which has been in the works for a couple years now i know one official chinese newspaper even said quote you know warned about the mad men on capitol hill pushing the f. sixteen sale we're playing with fire. and could pay a disastrous price and what kind of disaster a surprise do you thin

will protect queen lawyer sue these people like cornyn and and ron slate and robert menendez who's a democrat from new jersey i should add he's a number that same cuba coalition that ileana ros lehtinen is a member of these are cold warriors but then again they're also the holding to the military industrial complex they want these defense jobs in and as a new jersey court in taxes and where as a ross lightnin she is she is the chairman the house water relations committee but she if you want to republican administration after obama you'll find people like ross lightman in that administration these are people who are playing brinkmanship with china they like to do with russia the cold warriors in the twenty first century now as investigative journalist and r.t. contributor wayne madsen the u.s. reaction as a result is clearly important in all its dealings with taiwan but how much exactly does the average american really know about taiwan. artie's adriaan it was that i took to the streets of washington to find out. i went out on the streets of washington d.c. armed with a camera mike an

and congressman bob menendez of new jersey will be headings up that afternoon session.w minutes we're keeping an eye on the white house where we hope to take you soon to president obama. and he will be talking about jobs. >> this rose garden event is where he will call on carver is to pass the bill that he announced thursday, which contained the kind of proposals to grow the economy and create jobs that have been supported by both parties in the past. that's a quote from the obama white house. he will be joined at the rose garden from people across the country who the officials said would benefit from the american jobs act, including teachers, police officers, firefighters. we will see some construction workers here in the rose garden as well as small business owners and veterans. that some of the news from the hill newspaper. we are waiting just shortly here. expect the president to come out at any moment. you are watching live coverage on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible convers

she is senior adviser at the liberal think tank alicia menendez is back. for his work on the sopranos. teaming up with his former car star with brad pitt on a crime thriller set to be released in march, good friend, actor vince car toe la is . do the move -- vincent curatola is back. do the movie. >> you have to talk to david chase. i just gave him a plug. >> sean: we just had on governor perry. governor palin was on last night. 49-44 against obama. look what it was august 2nd. 56-35. what -- how do you interpret that? >> if you look the president's numbers against every candidate, they are going down. the good news for the president, i think he finally found something that was shovel-ready in his administration, his polling numbers, they've hit bottom. >> sean: generic poll republicans up five against him. >> maybe mickey mouse could beat him the next time out. it is time for him get out of way. i could run -- i don't want to talk about it. >> sean: we've had some honest discussions. you are looking at these numbers. he's in the 30s in the "new york times

senator menendez and congressman pasco both of new jersey sponsor legislation that would have made themandatory. that bill passed the house but stalled in the senate. cdc agreed to step in. experts say 41 percent of student athlete who suffered concussion wrurnd to playing sports too soon. sometimes with serious even fatal consequences. >> about uc administration team against it. student union condemned it and threatening to pull funding. but the berkeley college republicans didn't back down today. held a bake sale and price goods based on race and gender knowing it would draw loud protest and complaints of bad taste. college republicans called it a saturday tire on aif you if you aremembertive action. cite ick offer their own bake good for free. story tonight from abc laura anthony. >> what is going to happen? we are going to increase coverage on the campus. let people in and. >>reporter: with pastry priced on the buyer ethnicity it was a bake sale that became about much more than cup cake or cookie. >> like a green cookie. >>reporter: evident at satire by the uc berkeley college repu

menendez: mr. president, i ask unanimous consent that andy lipstein, a detailee to the senate health committee, be granted floor privileges for the duration of the senate work today. the presiding officer: without objection. mr. menendez: mr. president, i have come to the floor to pursue a unanimous consent request on something that is critical to families in my home state of new jersey, which has the highest rate of autism, but is also critical to families across the country who have a loved one who faces one of the -- in the spectrum of autism and other developmental issues the need to get the help so that their child, their loved one can fulfill their god-given capabilities. last tuesday morning, a full week ago from today, i sent this bill before the senate for unanimous consent, and that unanimous consent was cleared on the democratic side, but it has not been cleared on the republican side which has prevented this bill from passing. this legislation was reported out of the senate health, educ

we're joined by new jersey democratic senator robert menendez, senator what can you tell me what areabout from federal and local officials about the nature of this threat? >> well, that it is a credible threat, but whether or not it is plausible enough to take actual action is in question, but nonetheless, on an anniversary such as the tenth commemoration of september 11th i think all of law enforcement entities are doing the right thing in making sure that the threat is ultimately reviewed to the maximum. that the precautions being taken are to the maximum. some suggest that this may very well be by virtue of a truck bomb type offest. but that while it's plausible, it may not actually be one that will be actively pursued. i think they're doing everything they can to make sure that they do all the intelligence they humanly can to determine how serious the threat is but obviously, on this september 11th commemoration, doing everything they can to ensure that the nation is safe and certainly new york and washington, that safety is heightened. >> one more question regarding 9/11. there

new jersey against menendez and washington state against cantwell. there's a reason to believe in each of those states we could do well. we almost won washington last time. christie won in new jersey. we came within a breath of winning west virginia last time. minnesota, you know how close that was in the franken race. i think that obama is so dragging down the democratic party to defeat, 15 to 20 points if the election were held now. that we really have a shot at 60. >> sean: even california -- first the new york 9, it was a dramatic result in a very important part of the state of nevada. california three out of four californians are not happy with the job he's doing, especially on economics. something has shifted. i noticed in the president's speech today he seemed a little unhinged, angrier than usual, more divisive than usual. i don't know if he's like to the point where he feels like the country doesn't appreciate his greatness, his vision. there's something going on. >> there's something paranoid going on. the -- i believe that there is increas

here now are the warriors alease shah menendez.rch groot get hoover and hoover the author of american individualism. >> citizens for participation in political action, they are in massachusetts. i went to their web site the first thing i saw was the ticking to come clock calculating the cost of u.s. colonization of iraq. >> bill: colonization? >> not quite sure we are pulling out of there yet. >> many things you can say criticize the u.s. government with endeavors in iraq but colonization is not one of them. >> bill: talking about bees. american bees. okay, but, look, these are whacked-out people, correct? >> correct. >> bill: how does whacked-out people get to appoint where they are actually being taken seriously in the pledge of allegiance is in play? >> i don't know. that's the main group but they also haven't updated their web site for three years because they are still fighting to beat bush in november. i don't know how -- >> bill: the web site is chaotic. >> this is a subsidiary group. they are active in brook line which we k

i am pleased and honored to be able to say that i have been in the room with senator bob menendez. i have seen his work. he is alone in the senate. i have at least 20 people with me. it is easier not being the sole person. as a community of people, it is important. i am trying to explain a situation. i came to the congress in the first thing i did was put in legislation to freeze everyone is sour. i came to change this place. that is pretty unreliable. to the extent our community understands that this is a civil rights issue, people will have to vote and elect legislators of the local and every level. this is a defining moment. ask yourself how much you did and how much importance you give this priority in your life as a civil-rights issue. we have a great group of people working in washington. i enjoyed being on your program because you bring out a lot of the issues that are important to our community. i enjoy working with everyone on the panel to make sure we get comprehensive reform. there is an election next november. it will be the best instrument and vehicle of achieving the

the key is appropriately structuring this and you rightly pointed out senator menendez that conservatorship is a real barrier to this. i think there are a number of ways to deal with that. one of them as if is if it does look like this isn't so natural to the gses as professor sanders has talked about, you could raise the gses via little bit. sorry, the guarantee fee a fee a little bit under such a program that would ensure it was a budget neutral program to other parties and still benefit homeowners enormously. so you know i think the other thing that we haven't discussed that is really critical is mortgage insurance. there are a large number of people, estimated 25% of the population that won't even get inside the door without a deal to think about mortgage insurance. they have to be brought into the mix as well, importantly. >> what about what i raise on the previous panel about the qrm's 20%. seems to me we take out a huge class of individuals in the country who would be responsible borrowers, and help us in this process. their views on that mr. stevens? >> i completely agree. i think t

game on, anderson, and what -- the president tonight was really trying to appeal not to erik menend menendez- eric ericson. he's trying to come across as reasonable leader. his numbers have suffered particularly after the debt ceiling and the one way to do that is challenge republicans, lay down a very clear plan and say you should pass it, you should pass it. this makes a lot of sense to me and hope that it makes a lot of sense to the independent voters out there who will then put pressure on republicans in congress. the missing part here, which i want to see, is when the president is going to talk on september 19 about how he intends to pay for it, and what he's going to say to that joint committee and how he's going to pay for this $450 billion or whatever -- whatever it turns out to be. that's something the american people need to hear also, but for tonight, he was very concise, very clear. told them he's going to send up legislation, which is something we also haven't seen from this president and say here's what i want. now you go do it. so game on. >> paul, what did you think of the sp

smith. >> good morning, chairman menendez and the subcommittee and think for the introductions.e stabilized on a unit basis in the range of 4.9 to 5.1 million units on an annual basis. however, the average price will continue to move in the range of down 4% to the up 2%. they should see slight improvement in the year-over-year growth for the new homes and price we think is also going to move in that range. but more on the positive side from the flat to up about 2%. we think the high end of the first week of the majority of the market, the middle market and move up as notably absent. they are typically paying cash first-time buyers are financing in less than 20% down. it's important to note the 25 to 27% of all homeowners have little to no equity which is a point you made earlier in the chairman's opening comments. ranking is certainly topic in the media these days so it will run its course however it's certainly more cost effective today and most in the united states where it is increasing at the rate of five to 7% annually and new york city is an example 10% year over year. but

i'm going to thank the senator from new jersey, senator menendez, for introducing this legislation with me, and thank my colleagues on both sides of the aisle who have agreed to cosponsor it, and i hope more senators will join us, and i hope we will pass this bill soon. i hope we can help american workers continue building these aircraft to strengthen our friends, the people of taiwan. mr. president, let me just close on this comment that this is stand-alone legislation that i've discussed here today, but i'll be offering in due course an amendment to the pending bill that would mandate this sale. and so i would ask my colleagues to please join us in a bipartisan way of showing our support for our friends and allies in taiwan in generating jobs right here at home. thank you, mr. president. iryield the floor. -- i yield the floor. a senator: mr. president? the presiding officer: the senator from vermont is recognized. mr. sanders: thank you very much, mr. president. mr. president, my state of vermont has been hit very, very hard by hurricane irene. widespread flooding caused a number of

with representative charles gonzalez and senator bob menendez. this is part of an event hosted by the congressional hispanic caucus institute as part of their annual conference. this is a little over an hour. >> we're going to talk first and foremost about the state of immigration reform, lack of it. senator, you have been instrumental, you have presented a new bill once again tackling the issue first of border security and safety, and then the reality of what to do about the millions of people who don't have documents, many of whom are united states citizens. i don't hear much buzz about that legislation. and we can imagine why. but why don't you tell us. >> well, first of all, let me say i appreciate having this panel and this is the closest i'm going to get to sitting with lewis. >> by the way, people don't know he does have a tremendous voice. >> no. >> you're killing my time. >> all right. >> but it's true. >> look, i think that for us to be able to move forward on the comprehensive reform that i have offered to the senate and lewis has been

i got to compliment senator chris smith, senator menendez. the state depend has good to us.ut to everyone. -- let them know they care about these children and contact the tunisia consulate in washington letting them know they care about these children. that's what we are here for. >> shannon: dave, we ask that you keep us updated. we will stay on it. the best to your family. thanks for joining us. >> thank you for having us and letting us get this information out. >> shannon: you may need to watch out for falling objects from the sky in coming weeks. nasa says one of its satellites is headed for a collision course with earth. why they can't tell us when or where, next. just one phillips' colon health probiotic cap a day helps defends against occasional constipation, diarrhea, gas and bloating. with the strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health. ♪ ♪ [ male announcer ] unlike some car companies, nissan is running at 100%, which means the most innovative cars are also the most available cars. niss

menendez: mr. president? the presiding officer: the senator from new jersey. mr.enendez: i appreciate the senator from louisiana's passion on this and her personal experience in louisiana in instances of disaster. she speaks from firsthand knowledge and speaks for all of us in this respect. mr. president, i rise today because we as a nation have always come together, always come together to help each other in times of crisis without question, without politics. in my 20 years between the house and the senate, i never questioned in the midst of a disaster somewhere in the country, which fortunately for the most part has not been new jersey, about casting my vote to support those fellow americans who found themselves in urgent need because of natural disasters having nothing to do with any control they had whatsoever. this is not a time to politicize disaster aid. it is not who we are or what we expect this nation to be. our goal when disaster strikes is to unleash the full force of the federal government to help families in trouble and communities in ruin. not to sc

president, as i said yesterday i spoke about the legislation that senator menendez and i had offered, that's a stand-alone bill, this is an amendment to this pending trade bill. i do believe it's appropriate for us to consider this matter in the context of this trade bill because, of course, we all recognize i think and common sense would tell us that selling foreign customers the things that we grow here in america or that we manufacture in america sustains jobs right here at home. and indeed we've circulated among various offices what the impact on jobs would be all across the country when it comes to -- comes to the sale and manufacture of these f-16's. a lot of jobs would be created here in america at the time when unemployment is intractably high and unacceptably high, but that's not the main reason why i believe that this --this amendment is so important. let me back up to say yesterday the president did announce that he approved military assistance to taiwan but i want to address first the insufficiency of the response. yesterday congress was officially notified by the defense

they got up at school, as senator menendez has said so artfully, they pledged allegiance to the only flag they've only known, they sing the only national anthem though know, they speak english and want a future in america and yet they have no country. because their parents brought them to this country as children, because their parents did not file the necessary papers, they are without a country and without a future, and the "dream" act gives them a chance, a chance to excel and prove they can make this a better naismtion the obama administration recently made an announcement that i think is not only the right thing to do but really paves the way for us to give these young people a chance. we think we have 10 million downlted people in america. and it is very clear the dment of homeland security is not going to deport 10 million people. that's physically impossible, nor should we. i certainly would be opposed to that notion. but what they're trying to do is to remove those people from america horn documented, that pose a threat to our nation. they've been criticized by some. the dep

the eloquence and the firmness with which bob menendez argued for the issue of the undocumented in those. i heard his voice. part of what we have to understand is that there needs to be some separation. we have to challenge our party. civil-rights is more important than a political party. when i look at i say to myself, while. i want to be unreliable. you hear reliable and you get -- you get to gives the state dinner. i do not want that kind of reliability. we need leaders who are unreliable to the power structures but responds to the powers in the community which there represent. [applause] i want to say that sitting here at this table, you have a responsibility to help those who come become american citizens become american citizens. 500,000 latinos turn 18 every year. they are american citizens. are you engaging them and making sure there graduating from high school and committed to this movement? look, even the promise of today, immigration reform and the dream act. the dream act is immigration reform. if you allow which, they will separate them. they will say, for your children, ok.

. >> senator menendez. >> thank you, mr. chairman, ms. sherman, thank you very much for your long service to our country. i appreciate it and look forward to your role now again at the state department. there's two lines of many questions i would like to ask you, but two i'll have within my six minutes. one is libya. i welcome the political change in libya. to bring about the aspirations of the libyan people. and certainly proud to have been the sponsor of the senate no-fly resolution in the early stages of this challenge. i'm very much in support of an opportunity for the libyan people to start anew. and for the successor government to embrace democratic reforms and rehabilitate libya's reputation in the world community. at the same time i have, you may know, for some time followed the case of the pan am 103 bombing which claimed 189 american lives, including 34 from my home state of new jersey. and i have never believed that that there was a lone beginning and end of the master mind of pan am 103's bombing. i think people generally beli