let's go on to new bern, north carolina. caller: i crossed over and voted for obama. obama said he would not have the money in the supplementaries like bush did, but he is doing the same thing. this is like vietnam, the democrats did not protest the war in 1969. they protested the war went the democrat was in. the same thing is going on now. this is ludicrous keeping these wars going on for close to a decade now. people need to stop this war. thank you. guest: that is a good point. this is not a liberal, democratic thing. there are many people who are objecting this. this is damaging for a lot of reasons. your comments about democrats not protesting when the democrats is an office, i wish it was not true, but i have to agree with you. caller: it has to be in a dismal day to be a progressive eight in america. -- it has to be a dismal day to be a progressive in america. and it has to be a really bad day -- i would not say to be a democrat, that to be a progressive it has to be a bad day. your own party shut down and will keep their mouth shut to preserve the new world o

host: john from new vernon, n.y., on the republican line thenew bern. caller: i have a question concerning the board of governors of the federal reserve, and more specifically, why it is that the private corporation known as the federal reserve has governor's from othr banks, and more disturbingly, actually foreign banks. in other words, what i am getting here is really the fact that the federal reserve' is a bank that is in business for profit by other bankers. host: thank you, john. guest: of the board of governors, they are all appointed by the president of the united states and they are confirmed by the senate. there are other participants in the decision making, something called the federal open market committee that makes the decisions about interest rates. and those are presidents of regional banks around the country, all the way from new york to san francisco. and those are appointed by local people. they are approved by the board. but the reason for those of the participants, it goes way back in time, if you -- so much power and one board or ce