still, it grew faster than the nation's overall economy.ut to an average of about $7,700 for every american. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's website. but for now, back to judy. >> woodruff: information has emerged about a possible jordanian connection in the attack that killed seven americans at a cia operating base in afghanistan. gwen ifill has that story. >> ifill: new details surfaced today about the attack, a suicide bombing allegedly carried out by a double agent working with the u.s. the names of the victims have not been released by the cia, but family members have identified 3. 37-year old harold brown junior originally from massachusetts leaves behind a wife and three children. >> his concern was to make the world a better and safer place for everyone who lived here. i think that fueled his own commitment to the military and to our country and indeed to the people that he was trying to help. >> ifill: jeremy wise was a 35-

terrorist threat, president obama's first year, the future of health care legislation and the nation's economy. i'll have some final thoughts as usual but first the correspondents the table. on "face the nation." captioning sponsored by cbs "face the nation" with cbs news chief washington correspondent bob schieffer. and now from cbs news in washington, bob schieffer. >> schieffer: good morning again. all things are as they were then except we no longer allow smoking in the studio. chip reid is with the president out in hawaii. the rest of our correspondents are around the table with us here in the studio. we want to say especially a welcome to jan crawford who you saw a lot of on "face the nation" back when she was the legal correspondent for the chicago tribune. she's back with us, back where she belongs. her blog crossroads is already up on the cbs website. we expect to see a lot of you, jan, right here. >> it's great to be back. >> schieffer: thank you. let's get right to the big story. and the news overnight of course was that the u.s. embassy and the british embassy in yemen had been clo

. >> while the nation's economy struggled through 2009, movie sales were booming.industry plans to stay afloat in 2010. that's next. >> and don't forget to e-mail your answer to the "watercooler question of the day." how far do you think the ravens will go in the playoffs? email your response to watercooler@wbaltv.com. to our community it's our lifeline to the emergency information we need it's a free service that provides free entertainment. but one day soon, it could be taken away. there's a movement among special interest groups to limit free antenna tv and millions of americans who depend on it would lose out. let's tell congress to keep free antenna tv as part of our communications future. always free and always local. >> 2009 was a difficult year for the economy but not for the movie industry. >> how did the movie moguls top it? one way is by going back to the future. george lewis explains. >> you might say it's been a transformative year for hollywood. when a movie like "transformers" took in $402 million at the domestic box office. and the current hit, "ava

economy. now that those financial institutions have gained their footing, we should back the american taxpayer. in bailing out our nation's financial system and large banks, we have left the very real impression that no bank is too big to faism this policy has a -- fail. this policy has allowed those who contributed to bring the economy to its knees to right the ship at the taxpayers' expense. it has enabled cheap capital from the government and safe and sound institutions like community banks. i'm also concerned about the path our country is on in our recovery. in september chairman bankruptcy said our recession is over. while our economy may be recovering, many americans do not see it. at 10%, our national unemployment is still extraordinarily high despite huge spending measures such as the stimulus package which was supposed to create jobs. the debt and deficits that our nation has incurred over the past two years has sent our nation's debt on an unsustainable trajectory. our debt is at 12.394 - 12.394 -- $12.394 trillion. earlier today the senate voted to once again raise this ceiling by an astonishing $2 trillion. th

but economists say letting california drown in red ink could hit the national economy hard, because theden state is home to 12% of the u.s. population and produces 13% of the nation's gross domestic product. >> it's probably an analogy one could make that we are too big to fail. it doesn't mean that we may not have some difficulties, that we need to address ourselves, but the failure of california would be a failure for the country. >> reporter: the budget governor schwarzenegger unveiled friday slashes programs across the board. and raised an unused state fund for half a billion dollars to give tax credit to industry to create new jobs. in the end, he needs legislators in washington and sacramento to go along with his plan. or the state could face even more extraordinary cuts or crippling debt. in los angeles, anita vogel, fox news. >> bret: vice president joe biden's mother has passed away. his office says kathryn "queen""died at the family home in wilmington, delaware. she was 92. >>> is it right for the u.s. to target americans overseas while giving constitutional rights to foreign

in my remarks today, i'm going to focus on the national economy . and i'll touch on some of the important economic challenges i think we face. before i begin, i have to do the usual thing by noting that i speak only for myself and not necessarily for my colleagues on the federal market committee. so when i spoke last year, i went back and read my remarks. i spent a fair amount of time on a list of factors that appeared to have contributed to the decade long boom in housing and housing finance that proceeded and appeared to have precipitated what we saw in the financial market turmoil. productivity which passed through the gross and real income and the demand for housing. low, long term interest rates, driven improvement which lowered borrowing threads and expanded access to credit for many americans. and a regulatory regime which may not have adequately contained the moral hazard associated with the perception in the market place that many large financial institutions, including especially the government sponsored housing finance, fanny mae and fred

host: it actually effects the national economy? guest: it helps hold down the guest: it helps hold down the unemployment so that we had a better looking number. how many people are sitting at home underemployed, and not getting raises, not getting bonuses. this is a grim picture for workers. this is an ongoing problem that the administration has to address. host: grisorevisions showed that the economy actually generated 4000 jobs. guest: these things can bounce around. we thought in november that we were losing jobs when in fact we had picked up a little bit in november. that can contribute to white december was not a good month for job creation. to the degree that anyone was going to do any hiring, maybe they did it in november. maybe they are taking a wait- and-see attitude. maybe some businesses to decided, small retailers might think that this turned out to not be such a great christmas season. people might be starting to close down some businesses. s a government of the corporate, by the corporate and for the corporate. and al

stard out bad, and then went to ally worse in the 19 -- in 1999 64% said t country s -- the national economy was inood shape. by 2001 into was dowto 36%. in 2009 it's down to 11%. we had a decade where e american public did not ge income gains, real income gainfor much of the decade d then it ends with this ashingly bad great recession, sthe economy is right behind 9/11 and it coloured my of the things that we think about and sty here, politics, social and economic behavior. >> ifill: amy, wheyou think out these two big signal isss, the 9/11 attacks, the economy, di they serve to insurance late our prident or to expose th or to public outcry? well, and i think michael said it quitwell which is you start the decade off with theresident where terrorism is, sort of hi calling card iis an issue in which republicansse to make gains, nojust in 29002 midterm elections bu in 2004, cerinly successful. and then we turn it around almost 180° in 20 and 2008 frusation about iraq. frustration about the economy. i think what is also interesting is fundantally this comes dowto if we are talking about this d

energy independence, reduce greenhouse gas emissions and strengthen national economy. i also sought to build on or automotive strength ties to asia by again taking an economic development trip to japan and china. just like last year, this trip had an immediate payoff with hitachi automotive products decision to invest more than $20 million in ad 100 new jobs in mercer county. also this year, we awarded a fourth round of funding to match federal grants that attract and support technology-based small businesses. even while we're strengthening our manufacturing ann arbor cultural communities, we must foster growing efforts to push what i call the eye words, ingenuity, imagination, innovation, invention, intellect. this match has helped us do just that. also this year, 2009, we begin $100 million of transportation and infrastructure projects in hardin and meade counties to help accommodate growth expected from the realignment at fort knox. known as brac, it will eventually create 5000 new military and civilian jobs, many of them high-tech, upper-level upper level professio

will be the nation that leads the global economy and america must be that nation. third, we need to export more of our goods. because the more products we make and sell to other countries, the more jobs we support right here in america. so tonight we set a new governor doyle, we will double our exports -- set a new goal, we will double our exports to support two million jobs in america. to help meet this goal we're launching a national export initiative that will help farmers and small businesses increase their exports and reform export controls consistent with national security. we have to seek new markets aggressively just as our competitors are. if america sits on the sidelines while other nations sign trade deals we will lose the chance to create jobs on our shores. but realizing those benefits also means enforcing those agreements so our trading partners play by the rules. and that's why we'll continue to shape a doha trade agreement that opens -- that opens markets and why we'll strengthen our trading with people in asia and other key areas like panama and c

economy. and maine is a national leader in weatherization in conversation offers. we know that any serious effort to reduce art independent thought with conservation. it's where we get the biggest bang for the buck. [applause] two weeks ago, maine awarded nearly $9 million in grants to companies around the state committed to reducing their energy consumption which will leverage about 81 million private dollars to be used to be able to not only gets energy efficiency figures and estimates from the apartment of energy it means about 950 jobs. but for tech stack industry in my mouth, the grants are a little more personal. the investment will pay for jobs that will save them were slated to go offshore. those jobs will be saved because energy improvements will help tex tech hold its costs in line. so conservation means jobs. and for those families at tex tech is the difference between hope and despair. and our efforts are limited just to businesses. we have a new program for homeowners that can provide rebates of up to $3000 for weatherization and heating upgrades. and

national policymakers. today's issueÑi is, does the economy need and can we afford another stimulus?n. the predictions seem to be playing out. last spring, policymakers enacted what seemed like a very large package of spending increases and tax cuts, the recovery act, which was estimated to cost somewhere in the neighborhood of $787 billion. the obama administration, as well as the fed, also implemented a number of other measures to shore up financial and housing sectors of the economy. a fairly lively debate, one that has turned quite partisan, has arisen over the effectiveness of the stimulus measures. the administration has attempted to track and measure the job creation impact of the stimulus package and has touted what it regards to be the successes of this effort. others have looked at the situation and have concluded that the stimulus has been largely ineffectual. the question before policymakers now is, what more can and should be done to jumpstart the economy? some looked out and see green shoots of a self sustaining recovery in the data, and say that what lading is all that

will be the nation that leads the global economy, and america must be thatÑi nationause] because the more products we make and sell to otherñr countries, the more jobs we support right here in america. so tonight we set a new goal. we will double our exports over the next five years, an increase that will support two million jobs in america. [applause] to help meet this goal, we are launching a national export initiative that will help farmers and small businesses increase their exports and reform export controls consistent with national security. we have to seek new markets aggressively, just as our competitors are. if america sits on the sidelines while other nations sign trade deals, we will lose the chance to create jobs on our shores. [applause] but, realizing those benefits also means enforcing those agreements to -- so our trading partners play by the rules. [applause] and that's why we will continue to shape a trade agreement that opens global markets, and why we will strengthen our trade agreements with asia and with key partners like panama, colombia and ko

economy. this is about 20 minutes. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> mr. president, mr. speaker, members of the legislature, tribal chairman, distinguished guests, friends, and felon of ruskin's -- fellow nebraskans, we have a unique opportunity to take our for steps towards new endeavors. as the state, we are in an exceptional position to become an even more extraordinary place to live, to work, and to raise a family. nebraska's financial health is stronger than most of our peers across america because working together, we have been fiscally responsible. two months ago nebraska face a revenue shortfall. we fix this by reducing spending, not by increasing taxes. members of this body were in special session just 12 days. you pass this unanimously, and i signed it into law immediately. no other state has acted as swiftly or spoken with one voice as nebraska has in recent months. senators, thank you for your work during the 2009 special session. as a result, we are positione

economy is put out risk in doing so. the status quo at the fed is not acceptable and the nation needs to set a bank that is proactive with financial institutions in the economy. i believe mr. bernanke has committed to these goals and i support mr. bernanke's operations. madam president, i yield the floor. >> who yields time? >> madam president. >> the senator from alabama. >> madam president, i rise today to oppose -- to appoint the reappointment is ben bernanke for a second term as chairman of the board of governors of the federal reserve system. madam president, the principal reason for my opposition to this nomination is that i believe in accountability. in particular, i believe it is the duty of this body that is the united states senate, to hold accountable those regulators whose oversight of our financial institution and markets helped produce the greatest economic crisis this country has experienced in some 80 years. madam president, because the federal reserve, during chairman bernanke's term failed to take the steps to ensure that our financial institutions were properly regulated and would not need federal bail

key mitigation in this part of the world are vital to our nations security as well as to our nation's economyand the economies of our partners. >> thank you. thank you, admiral. i yield back. >> mr. mack and i. >> thank you, mr. chairman. thank you jim for being here today. because i'm tied up in another manner i got her a little later. i want to ask you about something for clarification. i know disseminator go china began to provide its naval vessels to protect the commercial ships navigating in the gulf of aden from the somali pirate attacks. do you characterize, this as a positive development with regard

aspects of the structure of the incentive schemes, compensation schemes, that put at risk the national economynd taxpayers' money have to be regulated in a whole variety of ways. and the second point is that the tax structure as a whole has to be designed better to address the sense of equity in our system. arguments have been raised or more progressive taxation or that taxing capital gains would have adverse -- adverse incentive effects are just wrong. we could get a fair tax system that actually would encourage greater efficiency. >> i would put the 140 billion figure that you mention in context, not just comparing it to homeland security budget, but i would compare it, would be the most relevant comparison, to what shareholders have received in the period and what taxpayers received. what is disproportionate is the $140 billion relative to the contribution of the financial sector to the performance of the economy over the last decade. if you look at the numbers, d.c. shareholders in the international sector over the last 10 years, somewhat negative returns over this long period. we know abo

host: it actually effects the national economy? guest: it helps hold down the unemployment rate. but -- so we have a better looking number. when you talk about how many millions of people are sitting at home underemployed, unemployed, working short hours, not getting raises, not getting bonuses, you put it all together, it's a grim picture for workers. it's a real -- you know, ongoing problem that the administration has to address. host: revisions to the previous two months' data showed the economy actually generated 4,000 jobs in november, the first gain in nearly two years while it lost 16,000 more than the previously estimated in october. guest: in is back to what i said. these things can bounce around. so we thought that in november, if i'm hearing you right, we thought in november we were still losing jobs and in fact we had perked up a little bit in november but, see, that could contribute why december was not a good month for job creation because to the degree that anybody was going to do any hiring maybe they did it in november and now they're just taking a wait and see a

of communication in this part of the world are separavital to our nation's security and our nation's economynd the economies of our partners. >> thank you. thank you, admiral. i yield back. thank you, mr. chairman. >> i thank the gentle lady. mr. mcintyre. >> thank you, gentlemen, for being here today. because i was tied up in another manner, i want to ask you about something just for clarification. i know in december of a year ago china began to provide its naval vessels to protect commercial ships operating in the gulf of aden from somali pirate attacks. is this a positive development with regard to u.s.-chinese cooperation and are they willing and working with the united states in cooperation vis-a-vis dealing with these pirates? >> i would -- from the pay-com perspective, we view it as a very positive development. it is a demonstration of the prcs willingness to utilize their military capability in a way that is contributing to other nations, to the international betterment of security in that particular region of the world. they began those operations operating outside of the -- the int

to working with you and other members of the committee on solving this serious threat to our nations economy. thank you for allowing the opportunity to testify before you today, and i look forward to taking your questions. >> thank you very much it will now start the questioning. i will leave off your. attorney general madigan, i want to talk about deep systemic failures at the federal level. let me first visit this issue of the combined lack of federal enforcement, coupled with than efforts to preempt. tell me just a bit about your visits with, you're talking with the federal regulars. you have been on the scene now for seven years. did you go to the federal reserves, did you go to the occ, did you go to other federal regulars and tell them about what was happening? can you tell me what kitty kelley would have? >> i have spoken to people and this would have been, you know, 2005, 2006, if memory serves me correctly, about the problems we were sitting. particularly with subprime loans. particularly with low doc, no doc loans. you know, those are very specialized products that until this crisi

every action we will take in 2010 is set against a backdrop of global forces that constrain our nation's economyt. they are too important to be sidetracked by partisan bickering. that betrayed the trust of the people. we need to take a long view and be wise stewards of the blessings that make missouri so special. our families, our communities, and our god-given natural resources. in everything we do this year, we must put our differences aside and put missouri first. [applause] i am an optimist by nature and nothing i have seen this year has diminished my optimism. my vision of the future is colored by abiding faith in the people of missouri. i want the little girl who cracked the code of cancer to be a product of a missouri school. i want the boy who invents a clean fuel to heat our homes and power cars to be a native son. i want thousands of missourians using technology we can only dream of today. that is the future i see for missouri. [applause] to reach it, i want missouri to be first in job creation, first in education, first in innovation, first in quality of life, and first in leading thi

will be the nation that leads the global economy and america must be that nationpplause] [applause] third, we need to export more of our goods. [applause] because the more products the make and sell to other countries, the more jobs we support right here in america. [applause] so, tonight we set a new gold. we will double our experts over the next five years on increase that will support 2 million jobs in america. [applause] [applause] to help meet this school, we are launching a national export initiative that will help farmers and small businesses increase their exports. and reform export controls consistent with national security. [applause] we have to seek new markets aggressively just as our competitors are. at america's sits on the sidelines while other nations signed trade deals we will lose the chance to create jobs on our shores. [applause] [applause] but, realizing thoseefits also means enforcing those agreements so our trading partners play by the rules. [applause] and that is why we will continue to shape the doha trade agreement that opens global mark

of course speaking on behalf of the states we don't have the same control over the national economy you in other situations, and certainly what the national government has, so we unfortunately, have to bear either the consequences or benefits of changes in the economy. one thing that is interesting based on what the caller said is our sale's tax are based on good. a manufacturing economy from the 1950's and we're really on this. and we tend to not tax those services. i'm not advocating for or against new taxes but i think we need to examine do we need a continuous structure based on good rather than service? host: our last call, democrats line. new york? caller: good morning. scott and steve. sir, i've noticed i've been paying attention to politics for the last 20 years and, i know this some things happening in this country tilting the playing field toward corporations and businesses and against working people. when you see someone working for the government their salary will be lower than the same job if they were doing for the public. so, that matter of someone working for the governm

brown: helso launched a six-month tour he cas "art works," toighlight the arts' role in the nation's culturend economyly, surround by paintings byis father, landesn said he took his new job despite advice to th contrary. >> whei went around and polled my friends and friendland people that trusted the most about whether i shld volunteer for is every last one of them said you are out of ur mind. you are t of your mind to come here. they sd you are out of your blankety blank mind don'even think about it to come dowand run a small federal agcy 170 person beaucracy, its backwater, the amount of funding thathey can do ultimaly doesn't make that big a difference. i didn't feel that washe case. i felt ithis administration it was going be something more. you have aresident who himself a writer, who res about the arts, they go tohe theatre, they go museums they reay are engaged withrts. clearly this is president who has different view of the arts than previous adminirations and i waed to be a part of that. >> bwn: and what is it you wa to do? >> what is it thatas been lacking in the government'role peaps vis-a-

will be the nation that leads the global economy and america must be that nation. third, we need to export more of our goods. because the more products we make and sell to other countries, the more jobs we support right here in america. so tonight we set a new governor doyle, we will double our exports -- set a new goal, we will double our exports to support two million jobs in america. to help meet this goal we're launching a national export initiative that will help farmers and small businesses increase their exports and reform export controls consistent with national security. we have to seek new markets aggressively just as our competitors are. if america sits on the sidelines while other nations sign trade deals we will lose the chance to create jobs on our shores. but realizing those benefits also means enforcing those agreements so our trading partners play by the rules. and that's why we'll continue to shape a doha trade agreement that opens -- that opens markets and why we'll strengthen our trading with people in asia and other key areas like panama and c

host: those factors actually affect the national economy? guest: it helps hold down the unemployment rate so we have a better looking number, but when you talk about how many millions of people are unemployed working short hours not getting bonuses, but it all together and it is a grim picture. it is an ongoing problem the administration has to address. nearly two years while it lost 16,000 more than the previously estimated in october. guest: in is back to what i said. these things can bounce around. so we thought that in november, if i'm hearing you right we thought in november we were still losing jobs and in fact we had perked up a little bit in november but see that could contribute why december was not a good month for job creation because to the degree that anybody was going to do any hiring maybe they did it in november and now they're just taking a wait and see attitude so they're not really adding jobs. and then you get to the end of the year and maybe some businesses just decided small retailers might think, this turned out to be

economy at risk in doing so. the status quo at the fed is not acceptable. our nation is committed to these goals and i support mr. bernanke's confirmation. madam president, i yield the floor. the presiding officer: who yields time? a senator: madam president? the presiding officer: the senator from alabama. mr. shelby: madam president, i rise today to oppose -- to oppose the reappointment of ben bernanke for a second term as chairman of the board of governors of the federal reserve system. madam president, the principal reason for my opposition to this nomination is that i believe in accountability. in particular, i believe that it is the duty of this body -- that is, the united states senate, to hold accountable those regulators hooz poor oversight of our financial institutions and markets help produce the greatest economic crisis this country has experienced in some 80 years. madam president, because the preserve during chairman bernanke's tenure failed to take the steps to ensure that our financial institutions were properly regulated and would not need federal bai

national public radio. we are talking about the economy. we are talking about jobs.f you go to npr.org'l week on the new jobs. 202 is the area code if you like to talk to her about business and economic related issues. 202-737-0002 for democrats, 202-737-0001 for republicans. and 202-628-0205 for all other c-span -- for all others. cspanj@-- for our tweets. caller: we have a demand problem. not as many people have enough money to buy things. and if you have that kind of a problem what you got is the common consumer doesn't have enough money. and with that kind of a problem you're never going to have any kind of growth. and i think that -- guest: that problem is coming to the floor right now with rising gasoline prices. one thing that really effects people is the cost of gasoline. and if we don't get good job growth then you have people who are trying to find a job. me can't even -- even if you find a job you can't afford to drive to it if gasoline goes back to $3 or $4 a gallon. host: what's driving that cost? guest: we have had a cold winter. there is demand for hom

in keeping with the decades-old trend that pushed health care costs for over 16% of the nation's economydiscussion on long-term health care about to get underway at the national press club. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> this is the national press club's discussion of long-term care services about to get underway shortly hosted by the journal health affairs and the s.c.a.n. foundation. a couple live events coming up at 10:00 eastern. c-span looking at the world economy in the coming year with officials from the world bank and other officials law that:00 on c-span. c-span3, officials from business and government and the academic world sharing ideas on energy efficiency and climate control, climate change and smart grid technology coming up at 10:00 on c-span3. both of those events online. president obama back for his first full day of work after returning from the holiday recess in hawaii. president obama will announce new measures to tighten up airline security after the failed christmas

national recession that we have been working on to get through since spring 2007. but we are well-positioned because of the economic and educational and political leadership. the virginian economyhe most vibrant in the nation. we are one of the top states in the nation in income, and we have one of the lowest unemployment rates. only new hampshire can claim this distinction. contrasting this to the virginia of 50 years ago, when personal income was in the bottom third of the nation. in the past four years we have recruited five fortune 500 companies to move their headquarters to virginia. two of them in the past year alone. and new investments in the longest recession since the 1930's. these opportunities have been achieved in all parts of the commonwealth. west vaco in richmond, allpha natural resources, rolls royce in prince george, orbit alon thng the eastern shore. we have been recognized eight times as the best date for business in america by business organizations like forbes.com and cnbc. with the port of virginia and the airport, there is a newly retooled development system and the largest percentage of technology workers. there is no reason why we cannot hold on to our

aspects of the structure of the incentive schemes, compensation schemes, that put at risk the national economyand taxpayers' money have to be regulated in a whole variety of ways. and the second point is that the tax structure as a whole has to be designed better to address the sense of equity in our system. arguments have been raised or more progressive taxation or that taxing capital gains would have adverse -- adverse incentive effects are just wrong. we could get a fair tax system that actually would encourage greater efficiency. >> i would put the 140 billion figure that you mention in context, not just comparing it to homeland security budget, but i would compare it, would be the most relevant comparison, to what shareholders have received in the period and what taxpayers received. what is disproportionate is the $140 billion relative to the contribution of the financial sector to the performance of the economy over the last decade. if you look at the numbers, d.c. shareholders in the international sector over the last 10 years, somewhat negative returns over this long period. we know ab

budget and we in this nation have an opportunity to enter into that clean energy global race in sound and practical manner, to prepare eourselves and to invest in the american economy and in the american race in that global measure that will find us a leader, an innovator, one that will become the ultimate go-to nation for energy intellect and that's the juncture we find ourselveses in today. representative perriello, i would suggest that this clean energy economy that we try to create and representative welch toughened upon it a few moments ago, there's an awful lot of opportunities for us to invest. shy away, the banking community shide away from energy efficiency. some of the retrofits we can do for businesses and residences. we know that in this economy, it's much easier for them to grant a $20-year plan for a coal plant or a 30-year plan for a nuclear plant but we can't get the investment for energy efficiency as our fuel of choice. it's been stated that we're writing annually about a $900 billion check to our competitors simply because of our gluttonous energy behavior and the price tag on our energy bills. if we could move forward and provide for energy serv

economy. our farmers have fed the nation and could feed a ton in greek -- they can feed a hungry world.re trying to expand exponentially. we have to sell globally and buy locally. this year we will sell a record amount of corn -- corn and soybeans to taiwan. that is good for our farmers. [applause] here at home, every family should be able to share the bounty of the land, including fresh, healthy produce. that is why we will promote missouri's locals farmers' markets and encourage more people to start community gardens all across the state. [applause] i have focused this evening on our shared obligations. creating jobs, managing the budget, holding down taxes. i have talked about working together to make our communities safer, stronger, and healthier. i have talked about making strategic long-term investments in our future. but we have one more piece of unfinished business -- ethics. it is time we gave the people of missouri a state government is as honest and straight-shooting as they are. [applause] last year, we demolished the patronage system long used for awarding licenses. we crea

we need a better national economy. that's why yesterday in cincinnati, the president and the chairman of the export-import bank came to that city at my request. did a roundtable with community bankers on how can we help them help their customers to export more and met with a group of entrepreneurs, a group of business people in cincinnati that -- that were there in order to learn how to get help so they can export. the big companies like procter & gamble and g.e., both major important citizens in cincinnati, those major companies don't need that much help to figure out how they're going to export products. smaller companies of five, 10, 50, 100, 200 employees need some assistance. when they try to export, when they work with another country trying to sell their products in another country, so often other countries whom they are competing with, other companies in other countries with whom they're competing, those countries -- those companies usually have their government standing right side by side with them in partners

we can and will out perform the national economy. we were doing it before this global recession. and we'll be doing it again. so my advice to you as we close: is mississippi, believe in it. thank you y'all very much. [applause] [applause] : now discussion on was concerning religious expression in the united states. and diverse group of palace produce what they call a consensus statements, that aims to clarify what the law says about public displays of religion. they talk about areas such as religion in politics and the workplace, religious gatherings on government property, and the legislative bodies in the military. this to our forum was hosted by the brookings institution. >> and so i want to introduce our very distinguished panel, and will introduce the other members later on. i want to start by introducing my friend and colleague and the person for whom i have a boundless respect and admiration , melissa rogers. i'm proud to say that melissa is a non resident senior fellow with the governance studies department at brookings and she also serves as director of a wake forest uni

look for to working with you and other members of the committee on solving this serious veteran nations economy. thank you for allowing me to testify before you today to look for to take your questions. >> thank you very much. we'll start the questioning and i will lead off here. attorney general, madigan, want to talk about the deep systemic failures at the federal level. when they first visit this issue of the combined lack of federal import and coupled with efforts to preempt. tommy just a a little bit about fewer visits with them talking about the federal leaders. you've been on the scene for seven years. did you go to the federal reserve or the occ or the other federal regulators and tell them about what was happening. can you tell me what happened? >> sure, i've been sticking with people and this would've been 2005, 2006 if memory serves me right about the problems we were seeing, particularly with subprime loans, particularly with low doc no doc loans. you know, these are very specialized objects that until this crisis really got underway were very rarely use. they were used for people i

economy improves? >> well, as we've seen throughout most of the -- sorry. as we've seen throughout the history of nationalndtures, there's always been in most years an spreas in the share of the economy devoted to health care spending, so that's something made relatively conscious since 1960. the fact that the recession lad a more immediate impact was something we hadn't seen in recent history so that's something we thought was note worthy and worth discuss because it had such a huge impact in the 2008 trend. >> to the degree health care spending held up, we know largely as a function of the federal government stepping in as you mentioned through aura and the changes on the s map under medicaid, what do we read into that going hard? >> well, i guess we could say that may have been just the beginning for 2008. it was just the fourth quarter that was intacted and it was a retro active impact, the spending already happened. it was just matching the funding from the state to the government level. so it was something to maybe look out for in our future reports coming out next year and our projections article c

economy headed? >> the worst is definitely over. captioned by the national captioning institute -- www.ncicap.org -- >> on december 16, 2009, a young nigerian man bought a plane ticket in ghana. he paid almost $3,000 in cash. he gave no contact information. didn't give an address. same young man was on a british watch list andast may the british had banned him from entering the u.k. in november of 2009, the same young man's father, one of the most prominent men in my year yeah, had warned the american em wassy about his son and met with a c.i.a. agent to talkbout his concerns. nonetheless the young man board add plight in amsterdam, he lad explosives in his underwear, boarded a northwest airlines flight bound for detroit and just before landing he tried to light the explosives after which he was subdued by passengers and nightcap. at first the secretary of homeland security said there wasn't enough information to put the young man's name on the no fly list. >> throughout the law enforcement community, no information that no fly list. >> napolitano's boss the

despite the fact that half of our nation's electricity is generated by coal and that our national economy depends on this abundant, reliable and affordable energy, some want to vilifyize this that helped us win two world wars and helped build the greatest country in the world. [applause] >> we must continue to stand up for our coal miners and their families. we're not asking for a handout. all we're asking for is the permission to work. [applause] >> we are reaching new and better ways to use our coal. there is a plans to be had between our economy and our environment. and west virginia is leading the way in finding balance. our alternative and renewable energy portfolio require one-fourth of the energy used in our state to come from alternative or renewable energy resources by the year 2025. a progressive law such as this is already paying off. we have more than 1,000 megawatts of wind power in service or in development. that's enough power to take care of more than 250,000 homes, 250,000 homes. and we have the third largest wind capacity of any eastern state. the world's first successfu

>> i was going to commend you for your astute observation about the link between our national economy and baseball. we see signs our economy is improving and it occurs to me that if you watch the red sox once again sweep the yankees over the past few days, there are some home runs. >> i will give you extra minute -- [laughter] people will know you're talking about. i give a speech on monday and i said in boston that the economy was the day david ortiz slump but i had faith that both would be hitting home runs again. the "boston globe" question my judgment and question the linking of and to the economy. that night he had a home run and last night he did. today and yesterday we received all this new positive commentary about the american economy. i'm not saying it's directly related to my speech on monday, however i do believe, and thank you for pointing this out, my comments were accurate. please continue and will add time to a statement. >> i will see if i can remember the original question. [laughter] what i think has gone hand in hand with the efforts to push for extended federal ov

host: it actually effects the national economy? guest: it helps hold down the unemployment rate. but -- so we have a better looking number. when you talk about how many millions of people are sitting at home underemployed, unemployed, working short hours, not getting raises, not getting bonuses, you put it all together, it's a grim picture for workers. it's a real -- you know, ongoing problem that the administration has to address. host: revisions to the previous two months' data showed the economy actually generated 4,000 jobs in november, the first gain in nearly two years while it lost 16,000 more than the previously estimated in october. guest: in is back to what i said. these things can bounce around. so we thought that in november, if i'm hearing you right, we thought in november we were still losing jobs and in fact we had perked up a little bit in november but, see, that could contribute why december was not a good month for job creation because to the degree that anybody was going to do any hiring maybe they did it in november and now they're just taking a wait and see a

as a country and of movement, our challenge is to build a new economy that can restore working people expect nations and renew their hopes. if you were laid off because of what wall street do to our economy, it's not your fault. a dead-end job with no benefit is not the best our country can do for its citizens. so what went wrong with our economy? well, you could say it as simple as we built a low-wage, high consumption economy and try to bridge the contradiction with debt. and there's a lot of truth in that simplicity. but if we are going to understand what is wrong in a way that will help us understand how to fix the amount i think we need a little more detail. see a generation ago, our nation's policymakers embarked on a campaign of radical deregulation and corporate empowerment. one that celebrated private greed over public service. now the afl-cio warned of the dangers of that path, trade policies that rewarded and accelerated outsourcing, financial deregulation designed to promote speculation in the dismantling of our pension and our health care system. we warned that the middle class could no

mired in recession 10 years from now and move the cost of the government to almost 24.5% of the national economy. >> i know there is a question in there somewhere. you are making a lot of assumptions, half of what i disagree with. i am having to sit here listening to them. i know at some point you will let me answer. >> you were due to submit a new budget. will that new budget, like your old budget, triple the national debt and continue to take us down a path of increasing the cost of government almost 25% of our economy? >> with all the respect, i have to take this last question as an example of how it is hard to have the kind of bipartisan work the we're going to do. the whole question was structured as a talking point for running a campaign. look, let's talk about the budget once again. i will go through it with your line by line. the fact of the matter is that when we came into office, the deficit was $1.3 trillion. when you say that suddenly i have a monthly budget is higher than the annual deficit left by republicans, that is just not true. you know it is not true. what is truth is that we

common sense measures that have to be undertaken in order to get there for america, with national security, with the economy i'm never gonna please everyone. there's no need to even try to please everyone. some people will -- if it comes from me, they will automatically not like watt idea is or what the position is. >> how do you win over the people who may have that knee-jerk reaction if you want to reach them to let them consider what you have to say? >> for instance the book is a good tool. hey, read the book. if you still don't like the positions that i take or if you don't like who i am after reading the book, unfiltered through the media, so be it. i'm never gonna win you over. at least give me a shot in trying to figure out who i am. what my record is, my accomplishments are and what i represent. if i can't please 'em, i can't please 'em. i'm not gonna try. i'm not gonna change who i am or compromise my positions, my values to placate or try to get some demographic or some group of people onboard with me if they just don't get it. >> is it fun to be politician or is it rough? how could you describe i

questions of demographics with the effects on the economy,, national security, will continue to be importantn which albert national security is tied intimately with the international security environment around the world and in every corner of the world. in the financial crisis, for example, things that were not considered part of our national security previously. this has real world ramifications. i think the terrorism example is the easiest one to think about in this context. known actors can work in small groups or even as individuals. they can operate from any where in the world. these are areas and the world better not governed and areas where individual actors can in essence create geopolitical have it from these regions. to have this in the context of al qaeda but you have it in other groups that are important to watch which can have geopolitical impact. there is a kashmiri group that has been responsible for many attacks in india. there are many holidays where we lost holidays because of terrorist acts. we have to spend a lot of time dealing with the aftermath of the handiwork of som