next mr. cain you recently said this about governor romney's mormon faith: it doesn't bother me, but i do know it is an issue with a lot of southerners. could you tell us what it is about mormonism that southerners find objectionable? >> i did make that statement. it does not bother me. but because i live in atlanta, georgia have been in my hometown for 10 years, i listen to what people say. what they say is that they are not real clear about how his mormon religion relates to the majority of the people's protestant, christian religion in the south that was the point i was trying to make. i was not an aspersion on his religion i was saying what others have told me about not being clear in understanding his religion. that's what it was. >> you have already apologized for remarks you made about islam. is your focus on other peoples' religions hurting your campaign? >> it is not. my focus is not on other people's religion. i believe in the first amendment to the constitution. i believe the government

next mr. cain you recently said this about governor romney's mormon faith: it doesn't bother me, but i do know it is an issue with a lot of southerners. could you tell us what it is about mormonism that southerners find objectionable? >> i did make that statement. it does not bother me. but because i live in atlanta, georgia have been in my hometown for 10 years, i listen to what people say. what they say is that they are not real clear about how his mormon religion relates to the majority of the people's protestant, christian religion in the south that was the point i was trying to make. i was not an aspersion on his religion i was saying what others have told me about not being clear in understanding his religion. that's what it was. >> you have already apologized for remarks you made about islam. is your focus on other peoples' religions hurting your campaign? >> it is not. my focus is not on other people's religion. i believe in the first amendment to the constitution. i believe the government

next mr. cain recently said this about governor romney's mormon faith: it doesn't bother me, but i do know it is an issue with a lot of southerners. could you tell us what it is about mormonism that southerners find objectionable? >> i did make that statement. it does not bother me. but because i live in atlanta, georgia have been in my hometown for 10 years, i listen to what people say. what they say is that they are not real clear about how his mormon religion relates to the majority of the people's protestant, christian religion in the south that was the point i was trying to make. i was not an aspersion on his religion i was saying what others have told me about not being clear in understanding his religion. that's what it was. >> you have already apologized for remarks you made about islam. is your focus on other peoples' religions hurting your campaign? >> it is not. my focus is not on other people's religion. i believe in the first amendment to the constitution. i believe the government does

next mr. cainou recently said this about governor romney's mormon faith: it doesn't bother me, but i do know it is an issue with a lot of southerners. could you tell us what it is about mormonism that southerners find objectionable? >> i did make that statement. it does not bother me. but because i live in atlanta, georgia have been in my hometown for 10 years, i listen to what people say. what they say is that they are not real clear about how his mormon religion relates to the majority of the people's protestant, christian religion in the south that was the point i was trying to make. i was not an aspersion on his religion i was saying what others have told me about not being clear in understanding his religion. that's what it was. >> you have already apologized for remarks you made about islam. is your focus on other peoples' religions hurting your campaign? >> it is not. my focus is not on other people's religion. i believe in the first amendment to the constitution. i believe the government do

if you want to cut you have to put the militaryism on the table as well. [ applause ] >> bret: mr. cain, we know you have a four point economic plan. one specific thing, what one specific thing would president cain do first to restart the economic engine? again with the caveat that one thing would have to get through a divided congress. >> make the tax rates permanent. that's one of the four point plans. the business sector is the economic engine. you have a group that is is talking about spending. you have a group talking about cutting. i represent growth. it starts with the business sector putting fuel in the engine. in addition to that one thing that you asked know identify, we must have a maximum tax rate for corporations and individuals of 25%. take the capital gains tax rate to zero. take the tax on repatriated profits to zero. make them permanent. and i believe we can turn it around. one other thing, we don't have an option to wait longer than 90 days. it is imperative that we get this economy going in 90 days, with the next president of the united states of america. >> bret: gov

if you want to cut you have to put the militaryism on the table as well. [ applause ] >> bret: mr. cain, we know you have a four point economic plan. one specific thing, what one specific thing would president cain do first to restart the economic engine? again with the caveat that one thing would have to get through a divided congress. >> make the tax rates permanent. that's one of the four point plans. the business sector is the economic engine. you have a group that is is talking about spending. you have a group talking about cutting. i represent growth. it starts with the business sector putting fuel in the engine. in addition to that one thing that you asked know identify, we must have a maximum tax rate for corporations and individuals of 25%. take the capital gains tax rate to zero. take the tax on repatriated profits to zero. make them permanent. and i believe we can turn it around. one other thing, we don't have an option to wait longer than 90 days. it is imperative that we get this economy going in 90 days, with the next president of the united states of america. >> bret: gov

if you want to cut you have to put the militaryism on the table as well. [ applause ] >> bret: mr. cain, we know you have a four-point economic plan. one specific thing, what one specific thing would president cain do first to restart the economic engine? again, with the caveat that one thing would have to get through a divided congress. >> make the tax rates permanent. that's one of the four-point plants. the business sector is the economic engine. you have a group talking about spending. you have the group that is talking about cutting. i represent growth. and it starts with the business sector putting fuel in the engine. in addition to that one thing that you asked me to identify, we must have a maximum tax rate for corporations and individuals of 25%. take the capital gains tax rate to zero. take the tax on repatriated profits to zero. make them permanent and i believe we can turn it around. one other thing, we don't have an option to wait longer than 90 days. it is imperative we get this economy going in 90 days, with the next president of the united states of america. >> bret: gov

i am impressed with mr. cain. >> it is so refreshing to get a man's respective -- perspective on what is really wrong in washington, and that is all the back door dealings and the secret lobbyists. it has gotten to a point where the country is so fed up and disgusted of what has become of the american dream. the american dream might be deep-fried butter, corn dogs on a stick, but it has gotten to a point where politics have become so unrealistic in the world of real people >> thank you for the call. in case you were wondering, this process, they are literally deep-frying the butter. it is a new feature this year. a state fair that dates back to the 1850,", and this year marks the 150th anniversary of the infamous butter cow. you will see the symbol on lampposts in downtown the morning. tomorrow is the straw poll, the first test. six will be speaking tomorrow. nine names will be on the ballot. you are on the air. >> i have been a c-span aficionado from day one. god bless you guys. i am an independent in the deep s

mr cain. and dr paul have all three called the gold standard. representative bachmann has come right to be edge she's made all of the argument she just has and said that for a better word ok but i you know i have reasons to believe that she's very sympathetic to the gold standard why does seem to be especially you could say with more of the tea party crowd to you it's becoming more of a popular sentiment but i still don't think that if any of them were to get into office right if one of these people were to get elected aside from probably congressman ron paul and you're right governor former governor gary johnson the maybe we would see any action on that you know actually come into play but we'll see it does seem like finally there is another debate surrounding this issue and you know the ick nomic policies of today something is definitely going wrong there if you look at what situation what they want more than anything is jobs is to create jobs president reagan through race through a stable money policy president clinton through a stable money

mr. cain, sir, welcome back. >> thanks sean.lo and these other loonies believe i'm being paid. would she send me the number because they are behind on their payments. as far as olbermann talking about delusions of grandeur. you know this, i know this and most correct-thinking conservatives know this when all else fails the liberals call you names or attack your personality. i find it pathetic and hilarious she is resorting to this. what that means is they are really concerned that i'm a threat to their beloved barack obama. >> sean: this is not a rare occurrence. this is very common. i can give you the list of names. you know what they are. i don't think it is worthy of bringing up on the program. conservative african-americans around the country are called on a regular basis. i brought this up earlier. you have the tea party referred to by maxine -- they can go straight to hell. why is it that there seems to be tea party candidates, conservative african-americans. we are not allowed to call any other group of people names, exce

we know on the ballot is congresswoman bachmann, mr. cainan cain, that mccotter, and ron paul is well known, governor pawlenty from minnesota, senator santorum from pennsylvania, former gingrich is on the ballot, governor huntsman makes his appearance on the ballot. and to you first, i know you have to be a diplomat, but governor pawlenty from neighboring minnesota, he's put a lot into the state of iowa, if he comes in third or fourth, is he still in this race? >> well, you know, that will be a decision, you know, that the various campaigns will have to make seeing where they place on saturday evening. but what i can tell you is that he's got a very robust organization that he's put in place here with an infrastructure that will deliver those pawlenty votes that they have around the state, but, you know, i'm a sports guy, so that's why they play the game. we'll find out on saturday how the candidates fare. >> that is why they play the game, and it's a fun game you play in iowa with the straw poll and the caucuses. and mitt romney has an in a

for mr. cain and governor huntsman, they answered many times not using their full minute, and they answered short and came up short on some of those answers. megyn: and i appreciated that. you always like when they give back time, but it was fascinating to watch. i want to ask you as a moderator because you don't take sides, you don't pick winners and losers, but sitting there as the person who was responsible for controlling the event, did anyone jump out at you as making a bigger mark than the others? >> reporter: well, i think, clearly, newt gingrich appeal today a lot of folks in what he was saying, and he had a big night. i think governor romney, i was surprised by the lack of attacks directly on governor romney thinking, considering he's the front runner. so he largely got out unscathed. and others made points, made marks, but who had the best night? i think most analyst would say newt gingrich for a campaign that needed some breath into it. megyn: and yet is he a serious contender, bret? ac

. >>> to you now, mr. cain. you embrace the idea, you upped the antewith a 20-foot barbed wire electric fence. were you serious? >> america's got to learn how to take a jokeing. >> he is funny. in the meantime the fox news debate moderators learned something about one of the other candidates. no one puts rick santorum in a corner. >> we have other people here. >> i have to respond to that -- i need to respond to that. >> michelle -- michelle there are some -- >> i understand. you had a chance to -- >> you have the next question, senator, i promise. >> poor rick santorum, he couldn't get a word in edgewise because michele bachmann and tim pawlenty were arguing. >> it was feisty. >>> a lot of people trying to make sense of what happened in the stock market. the dow's been up or down more than four points in the last four days. every single day it's been either up or down. what's crazy is that the first three days of the week were the biggest move of the year. so what can we expect next? we're going to get some ins

mr. herman cain. >♪ >> hope and change ain't working. we do not need to rewrite the constitution. and in force the constitution. ♪ america one voice, we stand i am america one hope to heal our land this is the work that must be done i will not rest until we have one i am america ♪ >> arise, shine, and the glory of the lord has risen upon the. herman cain. ♪ >> the founding fathers did their job. we have to do our job and be the defending father. >> i love you. all right, they did not give me much time. thank you, thank you, thank you. we are america. we are the greatest nation in the world. and we do not have to apologize for it either. [cheers and applause] i do not have to tell you about the problems this nation faces, so i and going to spend my few minutes talking about how we solved this mess. [cheers and applause] we have become a nation of crises. we have an economic crisis, and entitlement spending crisis, an energy crisis, an immigration crisis, a foggy foreign policy crisis, and we have a moral crisis, but most of all, we have a severe deficiency of leadership crisis. [ch

mr. know that for herman cain he is also the one that thinks that it's probably within the constitution for communities to be able to ban mosques things like i think that he's going to have a lot of reading up to do in that case but is there anyone that you see as being the most hawkish the most john mccain at this point. well you know i don't know if i'd call if i'd said that hawks ought to be thought of as being synonymous with john mccain. you might recall had the reputation going to the last presidential election and not just being a hawk but it being someone who was a little bit erratic someone who wouldn't apply hawkishness in a reasonable and most follicle and what calculating manage and i think that's the kind of rub that is kind of the albatross that barack obama is now dragging around his own neck republicans right now they're still going to be fox they're going to continue to be in their first foreign policy where they need a little more real story a little more idealist but what i think what the party wants right now and here's a place where the establishment and the insurgents

mr. herman cain. >♪ >> hope and change ain't working. we do not need to rewrite the constitution.tion and in force the constitution. ♪ america one voice, we stand i am america one hope to heal our land this is the work that must be done i will not rest until we have one i am america ♪ >> arise, shine, and the glory of the lord has risen upon the. herman cain. ♪ >> the founding fathers did their job. we have to do our job and be the defending father. >> i love you. all right, they did not give me much time. thank you, thank you, thank you. we are america. we are the greatest nation in the world. and we do not have to apologize for it either. [cheers and applause] i do not have to tell you about the problems this nation faces, so i and going to spend my few minutes talking about how we solved this mess. [cheers and applause] we have become a nation of crises. we have an economic crisis, and entitlement spending crisis, an energy crisis, an immigration crisis, a foggy foreign policy crisis, and we have a moral crisis, but most of all, we have a severe deficiency of leadership crisis.

friday herman cain, mr. mccoter, ron paul, and tim pawlenty. and we'll return live at 5 in the afternoon to talk with michele bachmann, that'll be live on c-span. standard and poor's on monday cut the aaa rating of government-backed mortgage financier fannie mae and freddie mac. after the downgrade, the chairman discussed the downgrade at an event hosted by the chautauqua constitution in new york. this is about an hour and 10 minutes. >> i thank you very much. i've often thought with that checkered employment career, you are going to introduce me as a guy who's had a lot of different jobs but somehow always manages to get another one. when i was asked to come and speak at chautauqaua, i decided you are my kind of people. you start at 10:30 in the morning. i've always thought the early bird gets the worm is told from the bird's perspective, not from the worms. on behalf of those of us who like to start later, i'm delighted to be here. things have gotten more interesting in the economy in the last few days. i must admit part of this is maybe my f

mr. druker. i said last night and with all due respect. i mean that sincerely. guys like herman cainnd newt gingrich and rick santorum, and even pawlenty. governor pawlenty. they don't have a chance. the stats -- just no way they're going to rise up. am i wrong to say that at this point? >> i don't think you are wrong with the exception of governor pawlenty who, depending on how he does this weekend, could hang around long enough to be a factor because he has the pedigree and background. this could come down to mitt romney and governor perry from texas and possibly michele bachmann although i think she has a tougher road. >> bill: absolutely. but she has a built-in constituency where the others don't. am i wrong for dismissing realistically cain and i don't know paul and these guys, dr. sabato? >> no. it's going to be a governor and former governor and probably one of the two you mentioned. >> bill: all right. guys, thanks very much. we appreciate it next on the run down we will take to you iowa down we will take to you iowa for a preview host: could switco really save you 15% or mor

cain, thank you for joining us. >> thank you, mr. chairman . it is an honor and privilege. >> is your microphone on? >> shall i start again? >> go ahead. >> the distributional effects of making taxpayers back up, treasury and federal reserve bailouts have been solvent and ungrateful financial institutions. during the housing bubble, in our representative democracy, the interests of foreign and domestic financial institutions was much better served than the interests of society as a whole as joe stiglitz has been saying. but why were taxpayer interests poorly represented? huge loopholes into the capital retirements and regulatory definitions of risk. they are now supposed to keep instablingt in check. the dodd frank act left many issues open. it did not try to define systemic risk. implementation of its strategy for dealing with regulation and disciplining the lead institutions is left to regulators. the keeting 5 tell us how hard it will be for regulators to write rules that crack down on influential firms. sadly the same gaps and issues are in