mr. moore. we will begin these proceedings with five minute opening statements. first by the prosecuting attorney, mr. jeffrey madrick. mr. madrick is a professor of economics at the new school of social research in new york city, the editor in chief of challenge magazine, and the author of the case for big government. after his song statement mr. moore -- opening statement mr. moore will the given an opportunity to make the opening statement. you may reserve until after the prosecution rests their case. mr. moore is the co-author of the book, the end of prosperity, and after the opening statements each attorney will call two witnesses who will be subject to cross-examination. then each side will make closing arguments. so, where is my jury in. >> right here. >> oh. where did they find this jury? [laughter] >> this is a jury of nobodies peers. did you pay to get in here? let me give you a few strucks, ladies and gentlemen. you will listen carefully to the opening statements and to the witnesses

mr. moore, please stand before the jury. you and your supporters have been accused of multifarious high crimes against humanity. [laughter] how do you plead? >> not guilty, your honor! >> you don't have to say it so loud. [applause] [laughter] have a seat, mr. speed. [laughter] we will begin these proceedings with five minute opening statements. first by the prosecuting attorney mr. jeffrey metric, professor of economics at the new school of social research of new york city, the editor-in-chief of challenge magazine and author of the case for big government. after his opening statement mr. moore will be given the opportunity to make an opening statement. you may reserve it until after the prosecution rests their case. mr. moore is the co-author of the book the end of prosperity, and after the opening statements each attorney will call two witnesses who will be subject to cross-examination. then each side will make closing arguments. where is my jury? [laughter] where did they find this jury? [l

mr. moore. >> mr. gasparino, it's good to see you. >> i'm sure of that. >> you seem to be very bothered by some of these high executive salaries that some of these c.e.o.'s were made. >> i'm just stating the facts, sir. >> do you have any idea how much money lebron james makes? >> i don't care. >> would it surprise you to know he makes $40 million? >> do you have any idea how much money hannah montana makes? >> would it surprise, you, sir, to know she makes over $50 million. >> she didn't blow up the economy. >> mr. moore, don't ask him how much the mayor of las vegas makes, ok? >> now here is my question to you, sir. can we agree that someone who runs a major company with thousands, if not tens of thousands of employees, who has oversight over billions, if not tens of billions of dollars, if that company is well managed and makes a profit for the shareholders, do you have a problem, sir, with that person making as much money as hannah montana makes and a-rod and lebron james? >> are you saying that da

what the debt was down to the sixth decimal point, so we start the interview and katie couric says mr. moore i see that ronald reagan it's introducing america's first trillion dollar budget today. how many zeros are there any trillion? it was the worst interview i ever did in my life. i just melted down. it was all about-- all down hill. by the way, does anyone know how many zeros there are? 12. i know that now. the real question we have to start asking ourselves is what comes after 100 trillion? i think you make a good point that the numbers we are talking about now are so large, dear unfathomable and i think maybe this is the sinister part of me but i think when the obama administration was talking about the silly economic stimulus package, that they introduced and passed back in january or february i think, we could ask for $100 billion or ask for a trillion dollars and most of the people don't have any-- and then our friend arlen specter said, not a trillion dollars, only $800 billion. and they got the package through. when we started writing this book, which was about a year-and-a-half

mark the passing of the distinguished senior senator from massachusetts, the honorable edward moore kennedy. to mrs our sincere condolences and prayers. in this place of faith and hope and healing we come together with confidence that senator kennedy has gone forth to the light through the presence and the mercy of the lord. we are honored this morning to welcome president and mrs. obama, vice president and mrs. biden, honorable former presidents and first ladies of the united states, members of congress, the representative of the british prime minister, the secretary of state for northern ireland, massachusetts governor duval patrick, mayor of boston, and all distinguished guests. as we begin, be assured that all of you are always welcome in this blessed and holy place. may each of us share in the gifts of strength and peace that senator kennedy found as he came here to pray, especially at the altar of our mother of per petal health -- per petal health. >> my dear friends, a few miles from here the city on the hill stands. in the sea toward nantucket, it's a bit more forlorn at the loss of one of

mayor richard moore joining us now. mr. mayor, what do you make of these numbers? i suppose for you, it's more than just numbers. this is real jobs lost, a tough situation there in elkhart? >> it really is, but also, it's better than it was when i have talked to you before. we went as high as 20% unemployment, one out of every five of us being unemployed, so we see this as a turnaround and it's coming a little bbttle bitr than what i would have thought. but we're putting some people to work here for various reasons. one was a president's visit here in elkhart county this week. but we've received money through the stimulus program, putting some people to work. the rv industry is hiring a few, and all in all, we're seeing some indicators that show that we have maybe reached a bottom and we're headed back the other way. >> all right. mayor richard moore from elkhart, indiana, thank you so much for joining us on the phone. i want to turn back to david and chuck. we were talking about health care reform, talking about members of congress returning to their districts, wh

have steven moore, senior economics writer at the "wall street journal" who has dedicated his life to saving the world. so howard dean, it is a great pleasure to see you, sir. is, in fact, mr. krugman right? are deficits saving the world, and gee whiz, golly, should we have more of it? >> well, first of all, let me say it's a pleasure to be on with steve moore, because when he was running at cato institute, ranked me as the most conservative governor in the country. >> sure that, is true, larry. that is true! >> check the numbers 14 times because he knew he would get so much flack. he and i agree on deficits, but not in the short-term. i think krugman is right, big surprise. but only as he says in the article in the short term. i think they really have -- i'm delighted that bernanke was reappointed, and i had had said so previously on cnbc that i thought he should be, because he really is a student of the depression. i think he probably averted another major huge meltdown. but as krugman says, long term deficits are not the solution. short term are. i have to say it pains me, because i am fiscally pretty conservative, but i do think they did the right thing by spending all

mr. rangel is a friend and i do not understand it. the question is, are they ethical lapses or just absentmindedness. already, the ethics problem is coming to the fore. democratic strategist julian epstein and steve mooreperity." i love charlie rangel a good man, especially talking about cutting corporate tax. this ethical business is out of control. i don't see how he can maintain his post as head of the tax ways and means committee. what's your thought? >> this reminds me of that steve mountain routine he used to say, you can make a million dollar and pay no taxes. first make a million dollar, when the irs comes knocking on your door and asks why you didn't pay your taxes, you say, i forgot. that's what's going on here. this is important. this is a series offer ethical lapses that have happened under the chairman of the ways and means committee. let's keep in mind, this is the guy in charge of writing the tax laws. does he not understand the tax laws he's written himself? he wants to raise tax rates on high income violence but not paying them himself. i can't help say also you have had three or five major people in the democratic party and administration now been caught cheating on their taxes. what'