patrick moynihan said there should have been a relaxation of classifying documents and there wasn't. there was acceleration, there was a gallup and that's continued. the interesting thing is the justification of secrecy is you can't let your enemy and know what you're doing. that's fine. if you're going to attack europe you can't say when and where b. day is going to occur with of course after it occurs -- post code not a secret anymore. >> guest: but now we have a situation in which most of the time secrecy doesn't fool an enemy, it falls us. the congress, the people. one of my favorite doonesbury strips -- i have the original hanging on my wall -- is a person going into cambodia talking to a couple standing in front of their ruined home. >> host: threat the terrorist. >> guest: all of the -- >> host: from d.c.. >> guest: he says this is a historic site, the site of the secret bombing of cambodia and the man says no, it wasn't a secret. i said to martha see, there are the bombs right behind us. the whole point was to keep it secret from congress, not from the cambodians and that's b

patrick moynihan said there should have been a relaxation of the classifying documents. there wasn't, there was acceleration, there was a gallup and that's continued. and the interesting thing is that the justification of secrecy is you can't put your enemy know what you're doing. that's fine. if you're going to attack europe you can't say when and where dee dee is bring to eckert after it occurs there's no reason to keep the secret. >> host: no secret anymore. the enemy knows where you are. >> guest: now we have a situation of which most of the time secrecy does not fool an enemy, it pulls us, the congress, the people. one of my favorite dooms -- doomsberry strips as a person going to cambodia talking to people in front of their ruined homes -- >> host: fred -- >> guest: fred, the terrorist. and he says wow, this is a historic site. this is the site of the secret bombing of cambodia. and the cambodian man says no it wasn't any secret. i said to martha see, there are the bombs dropping on us. the point was to keep it secret from congress, not the cambodians and that's be

moynihan expressed at the zi zionism racism at the u.n. it's passionate and tough.is is -- it's unbalanced. it won't help the peace process. instead of saying this is a moral and political outrage of the first water, it's sort of -- we're gingerly in dissecting from it. >> you would have liked to have seen a stronger response? >> oh, absolutely. yeah, i would like to see something comparable to the -- to the response to moynihan who was our ambassador to the u.n. make to the zionism racism -- i mean, the fact that i helped write his speech, it has nothing to do with i -- that i think it was so good. you should understand. >> i am canadian and i'm pleased with our government's response as well. >> harper is a good man. >> i would like to ask with regard to your understanding of conservatism in contrast to liberalism. as apparently they're very central to the thesis of your book, which i've actually just started working on. i would like to ask you to elaborate on your assertion that liberalism seeks to change those values which are most fundamental to america's succes

he got flustered and said to senator moynihan, i am entitled to my own opinion.ur entitled to your own opinion, but not your own facts. that is the key to a successful dialogue on the 25 around health care. let's establish common facts. let's establish with the issues, problems are and test in front of the american people what ideas work and which do not. if we can establish a factual accuracy about how different approaches would work, then i think we can make some progress. it may be that some of the fact that come up are ones that make my party a little uncomfortable. if it is established that by working seriously on medical malpractice and tort reform that we can reduce some of those costs, i have said from the beginning of the debate that i would be willing to work on that. on the other hand, if i am told that that is only a fraction of the problem and not the biggest driver of health-care costs, then i'm also going to insist -- ok, let's look at that is one aspect, but what else? this returns to the point i was making earlier. bipartisanship does not simply

brian moynihan earned $6.5 million. thomas montag, the president of b. of a's global banking and markets business, got nearly $30 million in salary and stock awards, thanks to an agreement he signed with merrill lynch. the figures were disclosed today in a filing with the s.e.c. the federal trade commission said "yes" today to pepsico bringing its two largest bottlers home to roost. the regulator signed off on the company's purchase of pepsi bottling group and pepsiamericas. but that o.k. comes with conditions. those bottlers also package products for dr. pepper and canada dry. so the f.t.c. wants pepsico to set up a firewall preventing its employees from seeing its rivals marketing and brand plans. >> tom: the winter swoon for stocks is over, so says tonight's "market monitor." she's elaine garzarelli, president of garzarelli capital. welcome back to nbr, elaine. nice see you. >> nice to see you, too. >> tom: what makes you think the dip in stock prices we've seen since the middle of january is over now? >> well, the s&p 500 declined about 8%, and the r

his colleague was losing the argument and so we got flustered and said to senator moynihan, "well, i am entitled to my own opinion." and senator moynihan said, "well, you are entitled to your own opinion, but you're not entitled to your own facts." i think that is the key to a successful dialogue on the 25th about health care. let's establish some common facts. let's establish what the issues are, but the problems are, and let's test out in front of the american people what ideas work and what ideas do not. and if we can establish that factual accuracy about how different approaches would work, then i think we can make some progress. and it may be that some of the facts that come up are ones that make my party a little bit uncomfortable. so it is established that by working seriously on medical malpractice and tort reform that we can reduce some of those costs, i have said from the beginning of this debate i would be willing to work on that. on the lohan, if i am told that that is only a fraction of the problem and that is not the biggest driver of health care costs, then i'm also go

. >> host: patrick moynihan would say in his book on secrecy, not that it was the bomb power but the universal laws of bureaucratic power. look at states far more secret than dollars that don't have bombs viet they have seized guns secrecy for control of the population. how do you make that connection? >> guest: that this the universe of the stand prolonged it. but what happens after world war ii is this was a secret on such a different scale from anything that we invented the nsa and the cia and the some leverage classification loyalty traps and they were all round the adm on something i will deploy and find out what everybody else knew about. after the mobilization of world war ii there would be a concentration of power which is true. >> host: because of the study -- state and the size? >> guest: that often leads to a recoil and demobilization as it did in england. they threw out churchill and did not have the secrecy explosion that we have because they did not have the ball. or any secret to keep. remember the manhattan project was awesome and it impressed the government people af

his colleague was losing the argument and so we got flustered and said to senator moynihan, "well, intitled to my own opinion." and senator moynihan said, "well, you are entitled to your own opinion, but you're not entitled to your own facts." i think that is the key to a successful dialogue on the 25th about health care. let's establish some common facts. let's establish what the issues are, but the problems are, and let's test out in front of the american people what ideas work and what ideas do not. and if we can establish that factual accuracy about how different approaches would work, then i think we can make some progress. and it may be that some of the facts that come up are ones that make my party a little bit uncomfortable. so it is established that by working seriously on medical malpractice and tort reform that we can reduce some of those costs, i have said from the beginning of this debate i would be willing to work on that. on the lohan, if i am told that that is only a fraction of the problem and that is not the biggest driver of health care costs, then i'm also going t

there's no acceleration of the moynihan train station. that's an important part of the midtown manhattan and so on around the state. so we have this big problem that washington is sucking the money out of the economy and then there aren't new jobs that come out of that. they're basically just maintaining or transferring money to existing state jobs. there's no net growth. so i'm not in favor of this new spending bill that they're talking about pushing through now this spring. >> brown: mr. kuttner, go ahead. >> well, the money goes right back into the economy. i mean, you see the signs, american reinvestment recovery act all over the place. it's too small, there's not enough of it. but i think this is a matter of thinking short run long run. in the short run, which is a year or two, you need a lot more stimulus to get the economy back on track and create more jobs. then we all need to get serious about deficit reduction. but that's easier if you can get growth on track first. >> brown: mr. malpass, what about the smaller things that are a

so he got a little flustered and said to senator moynihan, well, i'm entitled to my own opinion.or moynihan said, you're entitled to your own opinion but you are not entitled to your own facts. i think that's the key to a successful dialogue on the 25th around health care. let's establish some common facts. let's establish what the issues are, what the problem are and let's test out in front of the american people what ideas work and what doesn't. if we can establish factual accuracies for how approaches would work, i think we will make some progress. the things that come up is ones that make my party a little uncomfortable. if it's established that by working seriously on medical malpractice and tort reform that we can reduce some of those costs, i said from the beginning of this debate, i'd be willing to work on that. on the other hand, if i'm told that that is only a fraction of the problem and that is not the biggest driver of health care costs, then i'm also going to insist, ok, let's look at that as one aspect of it. but what else are we willing to do? this gets back to the

moynihan's base salary will go from $800,000 to $950,000. >>> a two-day turnaround for the markets.posting its best two-day session gain, as we said, since october. bob dahl is blackrock's vice chairman, and barry knapp, the head of u.s. portfolio strategy for barclays. guys, good morning to you. >> good morning. >> bob, it sounds like looking at both of your notes, bob, you're still looking for the cyclical bull to be intact. barry, it sounds like you think we're going to have a bit of a pause here while we sort of digest the process coming to an end, is that fair? >> no that's exactly what we've been expecting. as the liquidity gets withdrawn and concerns mount around how the market will react to the end of qe, how it will react to liquidity trading that comes thereafter, you know, the market will go through a period of consolidation probably lower lows and lower highs. it will look much like the first half of 2004, which is what we've been watching for some time. he think by the time we actually get to the rate hikes, that whole process will be complete. and the market should be

in this whole health care debate, i'm aminded of the story that was told br senator moynihan who wasn an argument with one of his colleagues and his colleague was losing the argument and he was getting flustered and said to senator moynihan, i'm entitled to your own opinion. >> he said you are entitled to your own opinion, but not to your own facts. that's the key to a successful dialogue on health care. let's establish common facts. let's establish what the issuesr what the problems are and let's test out in front of the american people what ideas work and what ideas don't. if we can establish that factual accuracy about how different approaches would work, then i think we can make some progress. and it may be some of the facts that come up are ones that make my party a little bit uncomfortable. so if it's established that by working seriously on medical malpractice and tort reform that we can reduce some of those costs -- i have said at the beginning of this debate -- i would be willing to work on that. on the other hand i'm told that is only a fraction of the problem and that is n

senator moynihan said that many years ago and that's what we have to do here today. let's make sure that we talk about facts. last monday, a week ago monday, all over america results were run from a poll done by the kaiser foundation. it was interesting what that poll said. 58% of americans would be disappointed or angry if we did not do health care reform this year. 58%. across america more than 60% of republicans, democrats and independents want us to reform the way health care works. is it any wonder. they want it so that businesses can afford health care. they want to give consumers more choices and insurance companies more competition. and the doughnut hole. what is the doughnut hole? well, a senior citizen will tell you what the doughnut hole is. under the medicare law that is in existence, you can be sick and you can get your medication paid for for a while. after you spend $2,000 approximately in medication, you are finished until you spend $3500 more out of your own pocket. and what happens during that hole that we've called the doughnut hole? seniors in ame

in this entire health care debate and i am reminded of this story that was told about senator moynihanin an argument with one of his colleagues. his colleague was losing the argument, he got flustered and said the senator he did not want to be there. well, he said you are entitled to your own opinion, but i think that is the key to a successful dialogue on the 25th on health care. let's establish some common fax. let's establish with the issues are, what the problems are, and spread it out before the american people. what ideas are working? what ideas are not working? if we can establish that factual accuracy about how different approaches would work, we can make some progress. it may be that some of the facts to come up are ones that make my party and comfortable. so, if it is established by working seriously on medical malpractice and tort reform that we can reduce those costs, from the beginning of the debate i have said that i would be willing to work on that. on the other hand, i am told that if that is only a fraction of the problem and not the biggest driver of health care costs

pat moynihan and bob dole appreciated each other. they said, we were rivals before 6:00 p.m.s in washington in those days, i was always amazed of the punch and judy show on the floor, but the fact these guys and women had more in common with each other than they did with anyone else, and they were actually friends. the situation now is very different, it's very fraught. that kind of after-hours cameraderie that existed back then just doesn't anymore. >> we saw that when senator hatch gave a eulogy for ted kennedy, conservative, liberal democrat, but you know what, they were pals. we don't see a whole lot of that in washington right now, and i assume you've concluded that's not good. >> i think there are big problems we need to deal with, the deficit, entitlement programs. as tip o'neal and ronald reagan showed, you can only do that when you actually have the two sides working together. i think to accomplish some of those big things, to fix those big problems, we do need a spirit of bipartisanship. >> the issue of "time" magazine has a lot of good stuff in it. rick stengel, th