that pendulum stopped for us in the middle. we had survived hazardous careers and then successful in them. but in my own case, it involved 10% shrewd planning and 90% blind luck. lucky -- that is how, limited to one word, i would describe my life. lucky to have had loving parents, lucky to have found packed -- lucky to have found pat. children. so that i can spend my time doing things i like. what more can i ask? i split my time between southern florida and new england. i have a small paddle boat with which i fit -- with a wish by fish. i get a good exercise along the way. i do some watercolor painting. i'm not a pro, but i'm trying to get better. i read a lot, cook, do one triathlon a year, worry about the stock market, keep looking for a good bottle of cabernet under $10. [laughter] i am moderately busy and happy. so, put lucky on my tombstone, but not too soon. [laughter] [applause] >> thank you, general collins. our final speaker this evening is apollo 11 commander neil armstrong. a proud graduate of purdue university, mr.

and further we've seen the pendulum swings in terms of how we view government intervention, government regulation, whatever you call let it. the postwar america, the g.i. bill. a program that intervened in the housing market and education in a positive way. we read your its effects but it was government changing the rules making college education and housing available to a far greater segment of the population than was ever available and was a good thing for the country and the country swung away from government intervention, it's a bad a thing as ronald reagan took the country the nine most dangerous words in the language are i'm from the government and i here to help. [laughter] and that's been the operating philosophy a long time in this country and now that hasn't worked so well for us because our economy is hurting in part because government didn't fulfill its role so now the pendulum is coming back. will people accept the idea that we can create incentives and carrots and sticks so to speak for what is environmentally responsible. i think that is going to be part of the equation

so now the pendulum is coming back. will people accept the idea that we can create incentives, carrots and sticks for what's environmental and responsible. i think that has to be part of the equation when it's a carbon tax or something else that rewards some kind of activity and imposes a cost on things that are damaging the environment. >> let me pick up exactly there. if under president obama is a busy man. but if he were to take this to bed with him, can you predict his reactions and actions you would like them to take that would help the eco barons to succeed or does it come back to the carbon tax? >> of course i would love to learn that president obama would be reading my book. that would be terrific. my sense of what he has said on these issues is that he is, he has embraced this idea that governments and the private sector need to be working in concert on developing. particularly he focuses on energy and that's a big part of the puzzle. that neither unfettered, the unfettered free market isn't getting this hasn't

and that of course, that pendulum has swung in the other direction where now even very solid consumers with good jobs can't get the kind of credit that they would like to buy a home or purchase a car. >> reporter: so what's the new normal? now the rate of increase in credit card delinquencies appears to have peaked. but consumers have less credit. and oppenheimer's brian levitt does not expect to see them running back to stores. >> part of the new normal is less consumer spending. i mean, we're at a picture now where unemployment is trending higher. it remains to be seen whether we have a big recovery in jobs so consumers face further pressure but not only that, the availability of credit is not going to be what its been. >> reporter: the so-called shadow banking system, that fanned the flames of the credit bubble has virtually shut down. without that extra supply of money from hedge funds, endowments and investment banks, coronado says we can expect the new normal will mean tighter standards all around. >> 20% down on a home, maybe 10%. but certainly not no money down on a home. you a

. ♪ hay martha: in the top box, h1n1 if we know now the pendulum and are going to the front of the linethat is what the u.s. committee is just announcing. and to get the vaccines when they come out. in the middle box, blue dog democrats' reaching a deal on health care reform. in bottom box, the woman who reported a possible break-in at the helm of that harvard professor, mr. gates, she said she never thought that her words would be analyzed by the entire nation. she says she respects professor gates as well as the cambridge police. she said she is glad the truth about her 911 call is out. rick: 60 in the size the focus of a new bill on capitol hill. -- safety is the focus of the new bill on capitol hill. it is unveiled today in the house. congress has decided it is time to take action after the deadly commuter plane crashed near buffalo in february. molly is following today's hearing. what do you expect to happen at this event on capitol hill? >> four members of the house transportation committee, two democrats and two republicans are announcing a new bill that proposes new airline safe

the pendulum swing of politics. we will have to see. by the 2010 elections we will know something. host: our guest has been erin mcpike, political reporter from "congress daily." we will spend the next hour on he

and get to the end of the place where the pendulum swings to some fans wanting to have his body, as somed of freaky trophy. what would the penalties for grave robbing or body tampering be? >> well, you cannot tamper with a dead body. you cannot steal it. it's a piece of property beyond anything else. i'm not a california lawyer. but enough said about that. you have enough obsessed people that you can imagine, if they decided to cremate the body and sprinkle the ashes in the pacific ocean, that people would be jumping in, killing themselves after it. >> and, susan moss, as i understand it, the family is considering entombing his body in feet of cement, concrete, to make it more difficult to get to the body. >> absolutely. that's what they're going to do. and i wouldn't be surprised if they don't use that opportunity to try to raise more money for the estate. >> you know, alan ripka, although stacy brown's telling us that the plan to bury him there at neverland has died, state officials say they have been in the last week contacted by the jackson family about burying him there. you just ca

you have lee hamilton saying that the pendulum needs to go back to congress. guest: this is a constant tension when it comes to oversight. the intelligence committees that we have now in the senate and house are relatively recent creations. they were set up in the mid- 1970s in response to undeniable abuses of authority by the intelligence committee says. what has been set up is a constant tension between the executive that has the prerogative to conduct foreign affairs and national security operations and a body of lawmakers that has been given the legal authority to check those processes. not to try to brock -- not to try to block them, but congress does not give permission to the executive branch to conduct its affairs, provides that real check in the system of government. it is the nature of the system of checks and balances to create tension like this. i think what you saee, that is part of the system. we're at a point now where it is not precisely clear where the pendulum is going. it has clearly been on the side of the executive. it is not at all clear

that pendulum stuck for us in the middle.had survived hazardous careers and been successful in them. but in my own case, at least, it involved 10% shrewed planning and 90% blind luck. lucky that is how glenn did the one word i would describe my life. lucky to have found -- lucky to have had loving parents, lucky to have found pat. lucky to have two great daughters and seven great grandchildren. lucky not to be rich. i think most rich people develop problems. but they're not poor either. so that i can spend my time doing things that i like. what more could i ask? the things that i like, i split my time between southern florida and new england. i have a small paddle boat with which i fish, stripe bass in the north and snook in the south. geing good exercise along the way. i do some water color painting. i'm not a pro like my friend al bean. but i'm trying to get better. i read a lot, cook, do one triathlon a year, look at the stock market, keep looking for a really good cabernet under $10. i'm moderately busy and happy. so -- p

the pendulum has clearly been on the side of the executive. people trying to push it back more towards the legislature. it's not at all clear to me that president obama is siding with those in his party in congress who would like to bring more control back to congress. he has already said that he plans to veto any bill that would include a provision currently being debated on the hill which would expand the number of members who get briefed on covert operations. it's not surprising that as the president he would want to limit the number of people who are briefed on those operations. that's in keeping with history. but it is surprising in the sense that he is not siding with his party on that. host: john is on the phone from texas. good morning. caller: good morning. i would like to know -- when it comes to nancy pelosi and the vice president, my point of view is that the democrats are using vice president cheney as a means to cover up what nancy pelosi said when she said they lied. and the second part of my question is attorney general holder,

i will tell you this, from what i have seen, the pendulum does swing back and forth, but my experience has been is that at the end of the day, money and profits rule wall street, rule banking and rule the finance services world. i have never seen anything that tells me firms will ever learn how to go and sin no more. i'm sorry, but i just think that we haven't seen any reason to think otherwise and that's why we've got to get some stiffer regulation in place. >> all right. michael, thank you very much. >> thanks for having me. >> all right. master's champ and all around great guy and terrific golfer, phil mickleson looking to cash in off the course. he's among the group of businessmen that are bidding on the national based waffle house franchise, the golfers corporation offering 20 million bucks to buy over 100 waffle houses out of bankruptcy. the court appointed cfo calling it an exciting development. waffle house getting itself in trouble nearly a year ago, accused of not paying more than $2 million in payroll taxes. i love waffle houses. spend a lot of time there. maybe we could cal

all of a sudden, the pendulum has swung closer to a deal getting done. what do you say?>> remember that the road to serfdom is big. now, we have some blue dogs that are feeling pressures from their leadership, and they are pretending they have made the bill better in order to get themselves there. but as a way lynn jennings says, -- as waylon jennings say, "there ain't no right way to do the wornrong thing." 19-á>3 federal government takeover of the health-care industry. -- they are trying to have a federal-government takeover. remember when they passed a volunteer in medicare? you tell me the 65-year-old americans today who wants out of medicare, who was pronounced wealthy enough to never needed, it cannot get out of the system, because the government uses hyper-co-ercivee tactics -- hyper coercive. it will be so attractive that with the taxation they impose on the private sector initiatives, they will squeeze people out of here, and i can tell you. you have to understand. the objectives here are for the government to control the health-care sector of the american econo

do you need, like a hypnotist thing, like a watch or a pendulum? >> no, i can just speak to people and get them to relax and talk to them about waking up and seeing this stuff. get comfortable, sit back and relax. take a deep and soothing wonderful breath, and visualize golden white life filling your lungs drifting, floating an dreaming into my voice ever deeper and further all the way down. as you do, you begin to drift and float in a dream, feeling wonderful happy calm feelings. whatever you're hearing on the news become one with you and you become one with it, and whether or not we're talking about energy-saving lightbulbs or my glowing red pen, you're drifting and floating and dreaming ever deeper into a wonderful place of relaxation, feeling wonderful, happy, drifting, noting, dreaming, warm and fuzzy feeling, attached to my voice, every breath, each and every heartbeat, your whole body, not so much asleep, but feeling wonderful, wonderful wakey, wakey wakey coming back, feeling wonderful, happy, calm, free, drifting, floating, especially glep

it's ally where the publicans are going to overreach and swing the pendulum away fromthem. suationor them and a very shre political onfor the democrats becaus she is a hispanic, latina oman. the republican party s madean overt outreach tothem. will be very difficult for them to block the first hisnic to be on the supreme court. i think the balls in their cour not in the democratic court. she needs to stayyfocused. be very prepared and measur. but this is certainly something that the republicans can't afford to come up on t wrong fo. it not a slam dunk a home run for the democrats but it certainly looks very favorabl >> i'm curious pat with things looking good forer eventually confirmation, how risky ist for political opponents to speak out against r? you thk people are going to be vocifeusn their opinions? >> voferous, no. but i thk, look, first off the democrats are taking a risk here, ll. affirmative action rejected by voters caifornia, the state of washington and the state of miigan. threblue stes said we don't believe in that. jue sotomay does believe in that. her recor

he also didn't -- i know that he didn't like the pendulum swinging in a different direction in the news business, and he was not happy with that. but he was always gracious. i think later on when he was maybe 80-something he said something that was quite blunt and perhaps viewed by some as being unkind, and i said to my husband "oh, my god, i've never heard walter say something like that publicly before," and my husband said, "my gosh, he's 80-some years old, connie. he can say anything he wants." >> and it strikes me as so interesting when he first premiered as anchor, the news was 15 minutes, and it was delivered more or less as a public service. it was sort of a requirement i think in those days that the networks put on a show and that's what they did and why they did it. >> that's right. >> and then there came a time when the news was not only widely watched, but very profitable for cbs and the other networks, and he had millions and millions of people tuning in just to watch him and to hear how he saw the world. >> that's right. you are so right. you're a good student of the indust

he also didn't -- i know that he didn't like the pendulum swinging in a different direction in the news business, and he was not happy with that. but he was always gracious. i think later on when he was maybe 80-something he said something that was quite blunt and perhaps viewed by some as being unkind, and i said to my husband "oh, my god, i've never heard walter say something like that publicly before," and my husband said, "my gosh, he's 80-some years old, connie. he can say anything he wants." >> and it strikes me as so interesting when he first premiered as anchor, the news was 15 minutes, and it was delivered more or less as a public service. it was sort of a requirement i think in those days that the networks put on a show and that's what they did and why they did it. >> that's right. >> and then there came a time when the news was not only widely watched, but very profitable for cbs and the other networks, and he had millions and millions of people tuning in just to watch him and to hear how he saw the world. >> that's right. you are so right. you're a good student of the indust

i think the biggest bull story is that we have seen markets do work, pendulums have a way of overswinging, but marks do work. and regardless of what the market does in the short term, because the bull-bear argument is one of timing. what's your time frame? it's really a good sign that investors are now saying, i can't afford to be out of the next leg, even if this might have gotten overbaked in a very short amount of time. >> right. and folks, even our bear tonight, peter bookvar, he is actually bullish on something, you're bullish on knee merging markets, and companies that sell to those markets? >> yes, bullish on asia, bullish on commodities, bullish on markets that produce commodities and i like u.s. companies that sell most of their products overseas. my bearishness really stems from the u.s. consumer. the u.s. consumer, i would be avoiding at all costs. anything that sells to them, any companies that are u.s. centric, that is where the deleveraging process has years to go. that's where the sluggish growth is going to be. so if you want outsized inflation-adjusted returns, you have t

secretary gates and i want to move the pendulum and focus on these capabilities that we have learned so much about in the wars we are in. this is not just for me, focusing on the wars that we are in. they have great applicability for the future. for me, this is all about balance. this is not about moving from one side to the other, it is about balance for the future. the fiscal budget which congress is currently debating it is very much a step in the right direction. we are in the middle of our quadrennial defense a review and we are dealing with one of the issues of the sizing our force for the future. what kind of conflicts we should prepare for in that regard. that covers the gamut of what kind of people skills, what kind of equipment, what kind of training that you need. this will get us to the sizing, struck for the future. i am pretty comfortable it will not be two contingency operations. >> the navy and the air force have told congress that they face shortfalls in fighter jets. the budget spends less than has been planned on f-18 for the navy and would terminate production of

do is we run right from the brown scare into an anti-muslim scare, and now i would argue that the pendulum the other way. the anti-muslim scare seems to be dying down and now we seem to be swinging back to an exaggerated fear of the far right. and i simply would say this. the politics of today would no more lead to the politics of fear five years ago and it is time to follow the examples of the fathers and turn away from the politics of fear. thank you very much. [applause] >> let me make a couple of comments and then we'll open it up for comments. i think we have a great crowd and i don't want to take up too much time. i want to make one thing clear with i talk about a dangerous idea, which was professor churchill's first point is that my remedy is not to criminalize ideas. it's to fight them with rhetoric. i think you don't obviously criminalize things until they become violent, but i think it is important that we as citizens understand what i consider the threat of the insurrectionist idea and especially, it's the idea that it can be personalized, individualized and that we, with our w

the question is did the pendulum swing too far. too different from bill clinton instead of giving details up front and became known as hillary care, did they go the other way too far and say we're not giving you anything? the president even at that news conference friday night -- >> some say he's allowing the body that is responsible for crafting legislation to do his job. >> the white house is right about this. this is the legislative process, it's not pretty. you heard the two things that you don't want to hear being made. sausages and laws. it is kind of true. we are seeing it play out in the house and senate right now. nevertheless, this is the president with the bully pulpit and even though we have been talking bout his polls dipping a little bit, he's still pretty high right now. mid to high 50s depending on which poll you look at. he could drive this to a conclusion. >> is he -- >> democrats are saying we want more details. >> exactly. you're absolutely right. i'm wondering, what are house and senate democrats pushing the pr

. >> it's kind of like a pendulum in the pacific ocean.ater temperatures being warmer than normal or cooler than normal. now we are back into a phase where monitoring abnormally warm water out there, and what that tends to do is shift the pattern of jet streems, it intensifies the tropical jet streams, so out across the southern united states, that could lead to a wetter winter and stormier spring. and with texas in a drought for the last two years, that's great news. across the northern plains and over to the great lakes and the northeast, we're looking for a somewhat warmer winter with perhaps less snowfall than you all have been experiencing. the other thing that el nino does by shifting the jet streams, brings them over the caribbean and the tropical atlantic, introducing more sheer into the atmosphere, and that helps reduce the overall number of tropical storms. doesn't mean we're not going to have any tropical systems this particular summer, but what it does mean is we'll probably see fewer of them. back in 1983, we had an el nino se

position that we can deliver services to our community, and i am glad to see us here because the pendulum is moving. energy, climate change, broadband, agriculture, those are new terms for us. hello, somebody. that is new to us. reverend jackson, it is good that you have us here today to talk about agriculture and how it relates to our everyday life. the only people in america to set public policy are elected officials. >> that is right. >> only people in america, not some, the only. in america. our elected officials. organization like rainbow/push influences public policy. [applause] that is laid is critical that we keep that -- we keep that collaboration, it is good that we do it as african-american elected officials because sometimes we too for get. >> yes, we do. >> we are a public service and we are elected here to do a certain thing. i look at government one way, ways, who get what, when, why and how. a $21 billion budget, i gauge by what i take home. it is the same thing in the federal government. we ought to be gauged on what we bring back to the community. so i am delighted to be

. >> i was going to say that these pendulums the back-and-forth routinely between the cabinet and the white house. i worked in a white house that represented an extreme. but i think that there are things that are lost when you move too far away from that. for one thing, these great ideas that we dreamed up half to be implemented by gaea's twelves -- but gs-12's. even if they do not have any good ideas, in the end, we will move on and they are going to be there. secondly, i think that the more you do, the more you have to do. if you are not doing it, someone else is doing it. over time, you can get less done in the administration because nobody in congress or the press -- is some port cabinet officer is laboring away, it is not important because the important stuff is all over here. i also find that again -- i believe the white house needs to be a place where you're not personally accountable for congress. the bigger and more all encompassing and larger 0 bureaucracy that it becomes, the harder it is to defend that. i have noticed in this current administration that some jobs have to b