mr. paul has sort of interesting views u.s. sovereignty. they don't align very well believe it or not what the tea party and makes them different from his son, randy paul on that. so it's not going to be the darling of the tea party. we should expect anyone. mr. paul al-aqsa tea party support, but over time he's not going to be the candidate. they are looking for someone else who might be electable. >> host: so as far as you can tell, the tea parties hereto say? >> guest: they will show up in november and will be part of our political scene well beyond 2012. >> host: the book we talk about, elizabeth foley's book is "the tea party: three principles" available wherever you buy your books. -- thank you so much. we'd like to hear from you. tweet us your feedback, twitter.com/at booktv. >> on the go, afterwards is available via podcast through itunes and xml. this at booktv.org and click podcast on the upper left side of the page. select which podcast like to download and listen to afterwards while you travel. >> is a quick look at some the upco

and that is where we end the sport from the nuts it for me for the day mr paul scott will be here injust under two hours with more weather next.

to see that community bank and market share has really changed since you've been in the business mr paul i mean look at this since one thousand nine hundred five so the giant banks had just seven percent of the share of us deposits in ninety five look at two. thousand and ten they have forty four percent almost half and during that time the share that community banks had went from twenty eight percent to i mean about half of that so what factors do you attribute this to macro economically looking at the picture is it monetary policy issues is it regulatory issues what would you can point it's all the above ninety one percent of the banks in this country are a billion dollars in smaller. and that ninety one percent accounts for only ten percent of the total assets of this country as you referring to before so you see the total imbalance between the size of the banks versus the number of banks in this country as an example sixty percent of all the loans made of a million dollars or less are being made by these billion dollar and less banks so the disconnect that we have here is as you poin

mr. paul: our system of helping ensure that no one goes hungry in our country is a noble one, but we're now asking to spend $750 billion on food stamps. when we ask this, we need to remember that recently a woman in chicago faked the birth of triplets in order to receive $21,000 in food stamps. we need to remember that millionaires, including larry ficke, who won $2 million, are still receiving food stamps because he says he has got no income. he has got $2 million but no income. the presiding officer: order, please, and restore some of the senator's time. mr. paul: amanda clayton won a million dollars recently in the lottery and she was aghast that she lost a third of it to taxes. she now has two homes and mortgage payments. how can she make it without food stamps? so we're paying millionaires food stamps. 30% of polk county inmates are getting food stamps. there has to be some reason. should you buy junk food on food stamps? should you get to go to mcdonald's on food stamps? it's out of cont

population that's employed and that goes through the first half of this year now mr paul spoke about his findings in a presentation called the end game and basically says there is no longer an engine of growth that all the major world economies seem to be stalling at once. it's kind of frightening when you take a look at this do you do you agree or agree it's frightening it's not surprising over let's look at what the major economies are doing in the u.s. in europe the theme has been consistent let's raise taxes and let's keep on spending we've actually gotten to the point we've gotten to the tipping point and done you more of everything's going to fall apart that's what's happening we need a different type of policy yes we have to cut spending we kill beyond our means but we can't choke the the investors the businesses that make jobs that they create the capital or in our in our country we can't keep punishing them because they're punishing so what do you think is more money need to be printed oh no absolutely not what we need to do is get out of the way of business you know in the

mr. paul: madam president? the presiding officer: the senator from kentucky. mr. paul: reserving the right to object, i'm concerned about dr. shakil afridi, a doctor in pakistan who helped us and led to the capture of bin laden. he's been held in prison. he's been put in prison in pakistan for 33 years. i don't think we should continue to send taxpayer money in the form of foreign aid to pakistan when they're holding in prison a detector dr. who simply helped us to get bin laden. this issue is of the utmost urgency. his case will be heard for an appeal but it's a political case and can be influenced by u.s. action. i think the u.s. taxpayers should not send money to pakistan when pakistan is holding this innocent man who helped us get one of the world's most dangerous men, a mass murderer who killed 3,000 americans, we captured him with help with help of dr. shakil afridi and dr. afridi deserves our help now. i have an amendment that's very important. it's not germane but that doesn't mean it's not important. it's very important that we send pakistan a signal we wi

mr. paul: thank you, mr. speaker. plans, rumors and war propaganda for attacking syria and disposing assad has been around for many months. this past week, however, it was reported that the pentagon indeed was finalizing plans to do justice just that. to justify this attack is bogus. it is no more credible than the pretext given for the 2003 invasion of iraq or for the 2011 attack on libya. the total of those wars should cause us to pause as the regime change is initiated against syria. there is no national security concerns that should have a fully escalation of violence in the middle east. there should be no doubt that our security interests are best served by completely staying out of the internal strife now raging in syria. we are already too much involved in supporting the forces within syria, anxious to overthrow their current government. without outside interference, the strife, now characterized as a civil war, would likely be nonexistent. whether or not we attack yet another country occupying it and sending a

paul gaultier's work. i know that have been friends for a very long time. it is my honor to introduce both suzy menkes, fashion editor of the international herald tribune, and mr. jean paul gaultier. [applause] >> the love seat. [laughter] i just want to know, can you hear me? please shout loudly if you cannot. [laughter] yes or no, you can hear? >> somebody said no. >> mic people, can i be heard? should i start? ok, good. so before i introduced one of the funniest, wittiest, most amusing and funkiest designers that i know, i would like to start with something a little bit more serious. you know, in fashion, the reason that people laughed seem obvious when you see the exhibition of all it's incredible glory and excitement. but at the same time, there were real reasons why designers laughed, and one of them, when it comes to jean paul gaultier, is probably what is talked about least. it is the technique, the skill, the handwork, the knowledge. sometimes it gets buried underneath the fantasies of the close. but if you look hard, particularly those of you are going to go to the exhibition afterwards, if you look on one side to see the incredible punk can-can clot

mr. paul: mr. president? the presiding officer: the senator from kentucky. mr. paul: currently congress has about a 10% approval rate. one. reasons is we don't even obey our own rules. for goodness sakes, 600-page bill -- and i got it this morning -- not one member of the senate will read this bill before we vote on it. we're going to vote on this in the next 30 minutes. i and senator lee and others will object to this. we'll have a point of order that our own rules say it has to be posted online for 48 hours. 600 pages, no one will read it. no wonder our approval rate something 10%. nobody knows what we're voting on. in fact, stings have been stuck in this -- things have been stuck in this bill last night that have nothing to do with any of these bills and they have been stuck in and we're just discovering it. i passed two senators in the hall going back to their office still trying to get out something that's been written in this bill that affects their states minutes ago. had they not found out about it, nobody would have known about it. three bills that are i

i thought mr. paul dacre had an interesting view.i rang him and the independent to give them advanced sense of what i was saying. about these issues. wha >> do you remember what your him?d to be puat you told >> i think that they were agreed >>th me at that point that there was a toothless poodle that needed to be put out of f its misery. >> there are further discussions with mr. paul dacre in 2011. a and also on the first of december on 2011. 06586, the first is the phone call, the second one would've heen a meeting. t >> could you say those twoas again? dece >> the 21st of november and the >>rd of december last year. >> oh, yes.e ab in regards to what might've been discussed on a particularink occasion. >> i can. on the first of november, i wase pitching an article to the daily mail, about the conference speech i gave about responsible capitalism. and how we change the way our economy is run, the article i believ appearing, and the [inaudible] -- and where labor stands.ce. that i believe was at his office.e >> have you had discussi

the chair recognizes the gentleman from texas, mr. paul, for five minutes. mr. paul: i thank you, mr. speaker. mr. speaker, last week i introduced legislation, h.r. 5993, that would prohibit the president from providing military or paramilitary aid of any sort to any sax to the internal fighting in syria. unfortunately, it appears the administration is already very much involved in supporting the overthrow of the assad government. there's criticism in congress over our growing involvement in the civil war in syria. the only noise we hear from congress and repeated in the media is the complaint we are not doing enough and that immediate direct u.s. military action must be taken. tragically, our leaders show bad judgment and short memories when it comes to the downside of our foreign policy of mischief and intervention. our composure to engage ourselves in every conflict around the world is dangerous to our national security. in dealing with syria, the administration pretends to pursue diplomacy and provide humanitarian assistance to the people. in reality the u.s.

mr. paul's anti-war stance, does he plan to commemorate the upcoming nato summit in chicago?>> i don't know. >> not that i know of, and that strikes me as not the sort of thing he tends to do so i'll say probably not. >> [inaudible] >> yeah. i don't know. >> not his usual style i would think. yes, in the back row. >> hi, jason, center for competitive politics. question for brian. do you have an opinion looking at 2012 and the next four years over, you know, which presidential victory, say it's romney or obama, which victory, if any, would be better for this sort of small incubating liberty or ron paul movement or any difference at all? >> i had to think about this morning talking to reporters. i have a freshest answer. yesterday, i didn't have an answer for reasons i can want articulate. i'm pretty convinced obama wins re-election, and i cannot defend that. i said it on the record. get back to me about it. since the vehicle in which this is happening now, it's better if romney wins and is as bad as the libertarians expect him to be allows for a convincing primary challenger t

mr. keating. >> that was paul keating's view. and you know, he as he does express himself in robust terms. i actually came in time to have a differing view myself, which wasn't as simple as that. but, it's perfectly possible he said that. and as i said, if alice recorded that, at the time, i'm happy to accept it. >> mr. keating's statement i suppose chimes with the implied thesis which are we clear do you expect or do you reject it? >> as far as we are concerned i can't answer to him, obviously. as far as we're concerned absolutely i do reject it. you know, there was no deal on issues to deal with the media with rupert murdoch or deep with anybody else either expressed or implied. to be fair you never saw such thing. you know, was it aware of the fact that he had certain interests and was i air ware of the fact that the media as a whole had a very strong interest in us not legislating on the media absolutely. but in terms of implied or expressed some deal about media interest absolutely not. i go on to say in my statement when he

mr. paul: i ask unanimous consent that we grant floor privileges to a member of senator memory's staff. the presiding officer: without objection. mr. paul: mr. president, i think that most americans remember where they were on 9/11/2001. i was doing eye surgery in bowling green, kentucky, and i came into the patients room and on the television set in the patient's room were the planes crashing into the buildings. my first thought was horror. my second thought was concern for my father, who was in washington, who was a congressman, and who lives near the pentagon. as i thought about this, it just struck me as so bizarre, just hard to believe, but i knew exactly where i was and remember it vividly today. i think lucky penny remembers where she was. lucky penny was one of the first female f-16 pilots. she was here in washington at one of the bases, and she was asked to scramble her f-16. after the first two planes crashed, she was asked to intercept united flight 93 coming in from pennsylvania, w

mr. finley's office, paul finley in springfield, illinois, and interviewed us. later that evening, they called me and said that i had been sleblthed selected and that on weapons, i would be flying to washington, d.c. so that meant i had about, i don't know, 54 hours to get ready, to pack, to buy a suit or to say good-bye to my girlfriend and my buddies. and jay david jones escorted me to washington. we had lunch and then we went to meet mr. finley, gerald ford and les aarons. who was the -- gerald ford was mee house minority whip at the and les -- i'm sorry, les aarons was the house minority whip and gerald fold the leader. and then, after a few minutes discussing some things with them, we went into an antiroom and cameras still, video were there, probably, i don't know, able to eight of ten of them and other reporters asking questions. it was quite the whirlwind experience. i want to emphasize this was 1965. frank mitchell became the first negro ever to represent. it was a clipping from my hometown newspaper. an it was replayed from tulsa to tampa to spokane. a

. >> thank you for being here, mr. paul chappell.y question refers to the concept you spoke about earlier that soldiers exposed for longtime periods become psychologically affected. my life has been spent on the war on terror and in a constant war environment. do you think that american civilians and perhaps the american people conscious of a whole, have in some way been damaged or become psychological counter casualties due to this? >> oh, great question. has the american public been damaged by the war on terrorism? that is a great question. so, here's a way to address that. there is something that the lieutenant talks about. he calls it a human phobia. an example is irrational, uncontrollable fear. about 50% of people are afraid of snakes, and people have phobias of heights and close bases, there are all kinds of phobias. there is a phobia that 98% of people will have a reaction to. because of the universal human phobia. 98% will have a phobic level reaction to war. all right? yes, great answer. they are more frightened than that.

paul. he used him to tag team the faith and freedom conference. mr. romney appeared by video link, approvingly quoting rick santorum in his remarks. then rick santorum appeared right after him, approvingly quoting mitt romney right to him. herman cain was also at the event speaking. even rick santorum's billionaire, foster friess was there, wearing a very nice shirt. remember him? >> this contraception thing. it's so inexpensive. back in my days, they used bayer aspirin. the gals put it between their knees and it wasn't that costly. >> excuse me. i'm just trying to catch my breath from that, frankly. >> remember him? so mitt romney spoke this weekend alongside not just rick santorum but alongside that guy, right? alongside rick santorum's billionaire, put an aspirin between your knees guy. the specific part of the faith and freedom conference at which santorum spoke, was hosted by ralph reed. he's the guy who put on the weekend event. it's his organization. remember ralph reed, the disgraced jack abramoff scandal guy who tried to get made in the usa l

paul's son, the senator from kentucky endorsed mr. romney. but with everything between ron paul and the rest of the republican party it is a little awkward. this weekend, ron paul won iowa. it's official. there will be 25 delegates and super delegates sent to the national republican convention from the great state of iowa this year and even though you heard mitt romney won on election night and that actually no rick snowstorm won in iowa really ron paul won. of the 25 delegates, 21 of them are ron paul delegates. leaving the ron paul campaign to put out this press release. ron paul wins iowa and it's true. he did. bottom t line. also hosting a ron paul revolution rally in tampa at the site of the republican convention this summer the day before it opens. which is a rather in your face move for a guy who is not getting the nomination. >> we should not be disruptive, but we should also not be pushed around. >> ron paul's message to supporters this weekend, announcing their plans for the counter convention in tampa this weekend. this weekend, fra

. >> your relationship with missile -- mr. paul baker, now. some have described that as close, though you off and not on the same page politically. is that a fair description? records. mr. dakin >> i did not see him that much. heand i disagree about many things on politics. like me, he believes that this is an ethical basis for a political system and that that is an issue that was not properly addressed in the media. and in our politics. there is common ground on that. he was personally very kind. as rupert murdoch could be personally kind. first child and i had not forgotten that. to be honest, "the daily mail," was totally against the labor party. i said -- look, you are entering a situation with a party that has a relationship with the murdoch empire and their should be wary of it. i did warn them that that was one of the problems that happened. do you think of that is a fair comment, or not? >> one of the huge dividing lines over the last 10 years, i was in a minority. about being skeptical of the euro. my colleague, the economic adviser of

mr. paul stevens, christopher r. bradleyy. cox, and david scharfstein. because we are running short on time, we are going to move right to questions on our second panel. each of our witness statements will be submitted for the record. i will ask the clerk to but five minutes on the clock for each member's questions. please describe the causes of the money funds in september 2008. you recommend further reforms to preserve financial stability. >> thank you. the run on the money funds was triggered by the failure of lehman brothers. actually, in the months leading up to this, research shows that not just the reserve primary funds but a whole host of other funds to the opportunity to increase risk in their portfolios. there were stresses in those markets at the time. increased yields on various forms of papers that were issued by financial institutions. those of funds increased their portfolios. there was a lot of exposure to risky paper and those funds. when lehman failed, it was on their reserve primary fund. institutional investors run here. they pull the

mr. paul: mr. president, i'm not a big fan of foreign aid. lot of problems in our country and i just don't see how we can send billions of dollars overseas when we've got bridges that are falling down in our country. two bridges in my state were impassable. one was hit by a boat and has been impassable for six months. we have another bridge that's over 50 years old, was shut down for emergency repairs and traffic stacked up for miles. yet we send billions of dollars overseas when we don't have enough to fix our own bridges. it doesn't make any sense. we borrow a trillion dollars a year from china simply to turn around and send it to some other country. it makes no sense. i'm not a big fan of sending your money overseas. but i'm even less a fan of sending your money to countries who don't seem to be our friends. now, pakistan has worked with us on the war on terror. but recently pakistan has chosen not to let any of our supplies, our food and military supplies to traverse pakistan. recently pakistan has said we owe them $3 billion. we're givin

mr. paul: you know, the question is is solution getting better or worse?from all the hiss hysteria, woud you think pollution is getting so much worse. all measurements of pollution show we're doing a good job and b we've ever done. most of the emission, sulfur dioxide, night truss -- nitrours oxide, they're going down. do you know over half of mercury comes from natural sources? forest fires emit more mercury than power plants do. we already have eight regulations on mercury, a plethora of regulations at the state level and the question is, is mercury getting worse or is mercury getting less? well, for the last five years, the amount of mercury that's being emitted has been cut in half. if you measure mercury in the blood of women and children, it's getting less. if you say what is a safe level of mercury in the blood, we're below that. if you look at populations that eat nothing but fish, the seychelle islands, they've found zero evidence mercury is hurt hadding any of them. when you look at mercury emission, they're going down. the question is, are we go

doherty reports on congressman paul's political ideologies that range across partisan lines. following mr. doherty stocks, there are remarks by senator paul's son, senator rand paul. this is about an hour and 10 minutes. >> all right, good afternoon. welcome everybody to the cato institute. i'm the executive vice president of the institute, and we're trying something different doing an event after work hours. we will see how that works out. but hopefully it is good for people who have jobs. [laughter] and come to the defense that we give usually at an. we're glad to have you all here, glad to have a very interesting discussion of the ron paul's revolution. about 30 years ago, there was a book published about the early years of the libertarian movement called it usually begins with ayn rand, and that's what we found here at cato, that most of our interns, most of the students who came to our summer seminars, had first read ayn rand. they read "atlas shrugged." that's how they got into this. not all of them, but probably more than anything else. and i think you can say over the past six yea

brian doherty examines the political career of ron paul, 12 term republican representative from texas and three-time candidate for president next on booktv. mr. doherty reports on congressman paul's political ideologies that range across party lines. following his talk there are marked by congressman paul's son, senator rand paul. this is about an hour and 10 minutes. >> alright, good afternoon. welcome everybody to the cato institute. in a secular vice president of the institute and we are trying something a little different here, after work hours and we will see how that works out. hopefully it is good for people who have jobs. [laughter] and come to the events that we do usually have been. we are glad to have you all here and we are glad to have a very interesting discussion from sublet in. about 30 years ago there was a book published about the early years of the libertarian movement called, it usually begins with ayn rand. that is what we found here at cato that most of our interns, most of the students they came to our summer seminars had first read ayn rand. they read "atlas shrugged" and that is how they got into it. it. not all of t

of course, of the original four it's just paul and ringo left. mr.tarr turned 72 in july. >>> for nascar fans who are part of earnhardt nation yesterday was a big one. dale earnhardt jr., son of the late seven-time champion, broke a long, dry spell with a win in michigan. his last victory came on father's day four years ago to the day. >>> as we continue to cover the tsunami debris washing up on american shores from japan, an emerging issue is the sea life and micro organisms being carried all the way across the pacific and deposited here. the latest case in point right there. a 20-foot boat that came ashore friday in washington state covered in massive, goose neck barnacles. the problem is when invasive, nonnative species are suddenly introduced into an ecosystem like ours, they can cause an environmental disaster. >>> two quick health notes tonight. a new study is raising a red flag for people who have had gastric bypass surgery because it turns out they may be more susceptible to alcohol abuse. the surgery changes the way the body processes alcoho

. >> mr. paul, again, if you please, help me remember -- mr. powell, was used-based billing considered and allowed by the ordinance? >> yes. >> i want to thank you for the way you are proceeding here. our cable companies delivering products and services as well as practicing business models that comply with the open internet order -- yes or no? >> yes. >> in other words, cable is complying with the order -- is that right? >> i believe we are. >> one last question -- i do want to commend you again -- the sec just and said its view ability order. i think it is very important that cable subscribers be able to access local content by smaller broadcasters. this is the question -- what memberwill ncta's companies take to make sure their subscribers can still access local broadcast signals affected by the order's sunset? >> we agree it is important they continue to receive the signal. 80% of consumers have gone digital and will not be affected. as to the remaining 20%, we have committed to low-cost boxes that would make it an affordable transition, si

mr paul is with the national association for investment cos. mr. j.istopher donahue as the president, ceo and director of federated investors inc.. bradley fox mr. is vice president and treasurer of safeway. and professor david scharfstein, president of finance and banking at half the harvard business school. because we are running short on time, we are going to move right to questions of our second panel. each of our witnesses statements will be submitted for the record. i will ask five minutes on the clock. professor, please describe the causes of the run on money funds in september 20 -- 2008 and the reason why you recommend for the reforms for financial stability. >> thank you. the run on the money funds in september 2008 was triggered by the failure of lehman brothers. in the year leading up to the failure, recent research shows that not just their reserve primary fund but a whole host of other funds took the opportunity to increase risk in their portfolios. there were and stresses in those markets at the time, increased yields on various forms o