otto reich, our guest today. thank you. >>> we understand the president is ready to come out now. it is 3:21. we are told he is going to be coming out at 3:20. that's a live picture of the white house. i think it's the diplomatic room where he is going to be speaking from. again rs l again, let me set this up for you. why is this an important speech? this is a little bit of a scramble for the white house, because they have been getting bad news in the last 24 hours, bad news from the cbo reports, bad news from republicans and fellow democrats who are telling him, mr. president, you have to slow this thing down. will he slow it down or is he going to head full tilt toward the august deadline he set for himself? >>> look at all these tweets we are getting. latin america, it is not that far away but it seems that far away. go to the top with maria in new york city. she says, thank you for bringing out the truth about the real situation in honduras. under that, we see hugo chavez is like a castro want to be. >> we have heard that before. >>> we learned 15 minutes before our newscast w

otto reich. >> thank you mr.man and members, i appreciate the opportunity to speak with you and i like to submit a complete remarks of the record parent without objections awarded. >> the current battle for political control of honduras is not only about the small nation toward what happens in honduras may one day be seen as either the high water mark of a speed of an attempt to undermine democracy in the hemisphere or as a green light to the authoritarian another guise of democracy. removal of president zelaya has been referred to many outside of honduras as an attack on democracy in contrast for prominent honduran tourists and scholars were not members of the government described exact opposite fashion. as illegal and a sensible measure of to zero equal branches of the honduran kevin against autocratic intent of the executive. many honduran insisted these actions save democracy by preventing manuel zelaya from establishing 24 century socialism been establishing countries of latin america under something called