accusation made against you also his he was such a pendulum person he would go to such extremes if it was for on the democrat our democracy issue the economy issue defense security i mean first he braced the west by the end look at the cost of zero experience yeltsin felt that he had been betrayed by the west because it was the pendulum i don't agree with this because it was not yeltsin it was the west they changed the russia. in one thousand nine hundred one the west was applauding russia and unfortunately the country was collapsing. and then in the end of the nine just when russia tried to say something the west suddenly became very critical so it was not yeltsin which changed it was the attitude of that of the west that changed us for it him i think there were again cool very distinct process. yeltsin was a democrat in the early ninety's by the end of the ninety s. he was a different person talking about the political system it were it became very difficult to access him much more difficult than to access gorbachev in the end of vegas there were all kinds all weird people around hi

. >> i think in history the pendulum swings.mes when the public found out more about its elected leaders and other and religious leaders. we haven't talked about religious leaders. >> yeah. >> but the pendulum is swinging back to where we are finding out more. technology is helping us along that path. do i think the pendulum swings back in yes, i do. history showis us that it does from time to time. my problem is is this, i'm over the pi pock racy of american people. how people think that lbyists are bad or money is the corruption of all evil. gay marriage is making my marriage fail. whatever. really? how about look at yourself. you don't like the fact, not you, the american people. you don't like the fact that gas costs so much. then don't drive a big huge massive ass car and spend a lot of money on gas. you don't like the fact that milk cost so much? get your own cows. you don't like the fact that your wife cheats? then talk with her about what she wants. you don't like the fact that your kids aren't paying attention in school

i see how the pendulum's swinging, let's call it to the left. charlie: that'the regulation. >> not too much but perhaps the wrong kind and many of the problems not being addressed many i'm not a believer in the minimalist state or any of that. >> charlie: we conclude with sugar ray leonard,he great boxing championship in a memoir called "the big fight. myife in and out of the ring ." >> your arms are worn out a there are three more rounds to go and the last three rounds i decide the factors. at that time that you call upon a resource to go out there and throw combinations, not just one punch, throw combinations and out huse the other guy. that's the hidden resource. >> charlie: the president's press conference, arminio fraga and sugar ray leonard, when we continue. if you've had a coke in the last 20 years, ( screams ) you've had a hand in giving college scholarships... and support to thousands of our nation's... most promising students. ♪ ( co-cola 5-note mnemonic ) every story needs a hero we can all root for. who beats the odds and comes out

i think the pendulum against special education a swung too far in favor of inclusion and i think it's very important we give parents proper choose and they can choose between mainstream and special education. he raised a very important people that parents of disabled children when they become young adults want them to go studying in fe colleges and elsewhere and currently the rules seem to suggest once they finish a course, that's it and parents say, well, what are we going to do now? well, we got to find a better offer for parents. we're finding there's enough children living for much longer and want them to have a purposeful and full life. >> thank you, mr. speaker. in the face of what are energy prices, mr. speaker, driving people -- pensioners and vulnerable families into fuel poverty by the thousands every day under this coalition. could i ask him, is he struggling with his energy bill or any of the other 21 millionaires struggling with the energy bill and when is he going to take personally a group of this situation. >> the people who seem to be counseling it are the ones who wo

it is not there yet but there is a worry within the military establishment the pendulum may have swung too far in that direction that there's a need to come back to focus on the fundamentals. but mayor nonmilitary missions. more for the development agencies and therefore diplomats but aid workers are not necessarily trained is basically doing development work while being shot back. so rose seven on the department of state. >> so those built around the embassy. >> and we willing to volunteer. >> so does this diminish the role of the state department foreign policy? >> i said there is a fundamental disconnect between the ambition to defend the ground and the ability of agencies as a simple matter of mass somewhere number '07 hundred billion dollars per year so of the release operations the equipment and training to get to places in a hurry. i describe it on the military side operations but part of the effort under way is we need to get the diplomats to be out there and we need to get along to go drink three cups of tea. it is not that simple because you are getting shot at along the way.

and these kind of things but it's also to tell people if you detach yourself from the usual boring pendulum that you address the top of your show constantly if you step back and you have more of an independent view the world looks more interesting and then you have actually more power you can get the politicians to start working for you once you stop believing their crap and you're you know you don't believe that what i see it when they actually start working for us i have a right it happens that i get their gratitude but thank you very much for joining. in the pendency i'll retire in politics. thank you are there still more to come tonight and he has a lock on the casey anthony trial and if they let me some should be paying attention to or also tell you how the government played a role in turning these men their prison sentences. i know. into that and we're military mechanisms dougal we're going to bring justice sort of . i have every right to believe what my government's true if you want to know why i keep. actually. i think i would characterize obama as a charismatic version of american

and these kind of things but it's also to tell people if you detach yourself from the usual boring pendulum that you address the top of your show constantly if you step back and have more of an independent view the world looks more interesting and then you have actually more power you can get the politicians to start working for you once you stop believing their crap and you know we're talking about only that when i see it when they actually finally start working for us i have no doubt it happens that i get there at a time that thank you very much for. that question of independence out there terry in politics thanks america thanks guys. thank you are there still more to come tonight on the media's lockdown the casey anthony trial presents a witness and should be paying attention to the birth or also the government played a role in turning these men their prison sentences and i want to ask why nobody cares back in the. we've got. the biggest issues good voice ceased to face with the news makers. it's being called the trial of the century only to be compared with the historic o.j. simpson tri

what kind of a sense are you getting about the way the pendulum is likely to swing here at opec?> reporter: it's almost a bizarre meeting in a sense. we have the chair of the meeting iranian minister, former physical education minister of iran, first time within the opec circles. libyan supposed to be here is a former electricity minister, did not make it to the meeting at all. very strange environment there. of the 12 ministers here, six are new and three are not even ministers. a fascinating start to the proceedings. in the first ten minutes, they've been in there for 40 minutes, we had a chance to survey comments. you can see the polarization. two ministers sitting next to each other, eau minister and venezuelan minister, mr. ramirez, polar opposites. hamly says the will be tight, we should raise quota and he has spare of 500,000 barrels a day. mr. ramirez saying higher is okay, alluding to the fact the quota doesn't need to go up. so, i went up to the secretary-general and said, what is going to be the consensus here? he says, i'm showing them different elements right now of

but we do have serious concerns that the regulatory pendulum has swung to a point that risks hobbling the competitiveness of our financial system and of our economy. basel iii is a dramatic increase in capital standards, focused exclusively on the largest banks. it focuses particularly on trading and other assets i could to produce systemic risk. at this point the best course for the system is not adding a surcharge on top of the basel iii standard, but rather ensuring that liquidity, derivatives and other rules are written right and applied globally. one year after dodd-frank, other countries are still debating whether to follow suit. and there are indications they will not in many areas. lack of international coordination on derivatives, and the potential for extraterritorial application of the u.s. rules could prevent u.s. firms from serving our clients overseas. there's already evidence that basel iii will not be enforced this stringently a broad as it is here. nowhere has changed and more profound than in the area of capital where u.s. banks face a dramatic increase under basel i

and what people in the houhousi sector are worried about is clearly the pendulum went too far one way with easy money, no doc loans, no down payments. now it looks like regulators want to swing it back the other way and go to the point where you almost have to bulletproof credit to get a house and 20% down payments, things like that. that would be very, very -- that's awfully tough for a housing market that is basically flat on its back now. there is a lot of concern. and for voters, this is a very, very central part of a core american value. >> and there is a lot of agonizing over not only what to do about revenue, but what to do about the home mortgage deduction. because that is among the things that are -- have been put on the table among budget negotiators. >> you're right. the thing is that capping it would probably -- would be problematic for the housing sector. but basically some of these regs being proposed could be more devastating in the sense that, you know, first time and people moving up from their starter homes, if they just can't get loans at all, because of tightened s

because the two ways the pendulum tends to swi is am i worried about financial and jobs or am i worried about safety and serity and crime? and we saw people were worried about safety and secity until the recession hit. then everything swung to the recession and no one cared so much about safety and security. >> rose: economic security trumped smal >> yeah. because it hits you closer. it hits you at home and it's real. >> rose: you worry about keeping the family together. >> exaly. but now we're in a situation where we still have the financial issues, we're drawing down troops and we've got problems and it feels like a ripe situation for... >> rose: if someone read off a narrative... >> yes. >> of fear. >> rose: >> to help americans manage this double-loaded crisis. >> rose: so who is this book intended? >> it's intended for everybody. i mean that. i hope it's a guide... >> rose: so let's say men and women who goes go into the workplace, if you rise that your emotion and anxieties and fears are all part of have an impact on you the more you understand the less impact it will have. >> abs

so where we have seen that temperature where we see that pendulum swing between hyper partisanship and when that happen in the past there were reasons why they could not explain the relative decline but in those earlier periods not quite those consolation of forces does not mean it will not happen but that is what he is betting on. >> like revivalism. so you have a revival and it works. now let's have another revival and that is the right and the fundamentalist are right now. pro what do we do? have another revival. it is a monolithic keep it hot all the time because that is what has worked before there is not a good default option. i could ask jim about obama and religion and i will but we have been going for quite awhile and you have been more blunt than usual. is there anyone who would like to get in on this? we're having a good time. [laughter] >> they do for your comments hong you invited us to bring up the particular policy issue without detailed we had a compelling alternative view of the budget presented by congressmen paul ryan without the details, it certainly does envision a

on page two of the testimony, you talk about the regulatory pendulum swung to a point that the risk are hurting our financial system and economic growth. you sate that u.s. policymakers should focus on how much the regulations they propose collectively reduce risk by taking financial firms and how this collective impact is likely to result in reduced u.s. economy and job growth and how many of these regulations are referred by other countries. what's putting u.s. firms at a competitive disadvantage? is it -- does fsoc have anything to do with this? is the fact that fsoc members are not coordinating in the global market place? is that the problem? >> madam chairwoman, i think that you are exactly correct that the fsoc has a very important role to play here, and it is really within their purview to be able to analyze and assess what is the cumulative impact of all the regulations that are being proposed under both, you know, dodd-frank, but also the additional regulatory activities that the different supervisory agencies as well as the basel committee, you know, are imposing upon, you kno

the pendulum swings too far. you probably fell to regulators did not do a good job in overseeing that situation. in the financial world, many people believe that the ability of regulators to understand this complex and difficult built -- it got out of hand. how to get that balance right between sound regulation and overbearing regulation, which you have right now is a situation where everybody covers they're behind. it is easier to say no if you are a regulator. you want to cover your butt so you don't end up on the cover of bloomberg. that is bad because risk-taking by you, by others, is what drives this economy. those in government have to be able to respond to that and give you more wiggle room and not do some stupid things like that i've heard today. i do have to run. let me thank you as an organization for your being here. it is important that you come and we hear and people on the hill. thank you for the support he have given us and your questions day. thank you very much. [applause] [captioning performed b

. >> pendulum republican members at the white house this week, the president asked questions about epa regulations about cost-benefit analysis that how would we look at that in terms of the type of jobs as well. and he said basically there were mandates and standards of love we had to adhere to if congress wanted to do something otherwise we should change those claws. i agree with the lovely and despair. the question also becomes of how you match. you are in a position of considerable authority here. so i'm these areas of delays or pushback, have you ever actually done so in terms of twopenny agency, can you give us an example of how you or pushback in the to delay putting on the speculation until we analyze it or until you come back with a cost-benefit analysis? >> what you see is over 100 rules have been withdrawn from a review. in many cases, the reason for the job is insufficient engagement with issues of cost and economic impact. you can see that. you can also see off in the final rule comes out different from the proposed rule, less expensive and less burdensome and sometimes pro

i don't think the pendulum has any idea what the facts are. -- from a physical standpoint -- fiscal standpointder brooklyn, less than 40. -- this is an important issue. this is not the adult moment that speaker boehner spoke. the budget you voted for increase the debt by $1.9 trillion between now and october 1 of this year. host: did you agree to raise the debt under the george w. bush administration? guest: i think of voted quarter times to increase the debt ceiling and six times not to increase the debt ceiling -- i think i voted four times to increase the debt ceiling. members can sort of hide their votes from the american people. steny hoyer is a respected member and someone that i respect. he was making the point that the increase in the debt ceiling that has occurred over the past six or eight years -- i voted against it more often than i voted for it. we need 11 up and down vote and not hide it from the american people -- we need to have an up and down vote. host: why was it okay then? guest: it was not a clean vote. the house would deem if the senate -- it would be deemed as past. we d

there is another chain of the pendulum swings too far. in some people's mind if you are a client of bernie madoff you probably felt the regulators didn't to a good job of overseeing that situation, and in the financial world many people believe that of the ability of regulators to understand this very complex and difficult change most financial regulations were enacted closer to the civil war than this period in the financial crisis so it got out of whack. how to get the balance right between the sound regulation and overbearing regulation i do think right now what you have also a situation everybody covers their behind and it's easy to say no if he were a regulator of care if you are a regulator in other industries to say no and cover your but so you don't end up on the front pages of bloomberg and that's bad because risk-taking by you and others is what drives this economy, and those in government have to be able to respond to that and give you a little more wiggle room and not do stupid things like some i have heard today. >> let me ag

the pendulum has swung 180 degrees the other way. with the pending rule that's being circulated upon which this commentary time has been extended if it goes into place you will create a 90% and 95% loan being priced just like loans that were subprimer priced because very few people will make those loans only a few large lenders, they will price the interest rate on those loans high because of scarcity. in other words a borrower borrowing 95% or 90% with private mortgage insurance will end up paying a premium a premium in interest rate or discount points in order to get that loan because there won't be a wide distribution or availability of that type of conventional financing. the unintended consequence of the rule being proposed, which we fortunately have got an extension on comment time, would create another ability for lenders with the capacity of retaining risk retention to price a loan at such a rate that it's too high for the average consumer. the other thing it's going to do is a lot of consumers who can't get a qualified resid

was some promise that we thought we were going in the right direction sometimes, and clearly, the pendulumwing too far. one of the hardest hit issues for the federal reserve is, -- the hardest issues for the federal reserve is they had to deal with haiti. they did not regulate insurance companies -- aig. they did not regulate insurance companies. they were not supposed to be doing that. much of the shadow banking system, countrywide, all of those companies, they disappear off of the face of the earth. as they come back, there will be much more regulated. having not been in the banking industry for a while, one of the things i remember is if we kept complaining st. listen, these other guys are doing stuff we cannot do, making money at it. they are also taking risks that we could not take. what was interesting is that the banks were buying back better risk in its entirety. i think there really is a balance between ben bernanke -- ben bernanke stressed it well, we do not want to over rate -- over-regulate, but not under- regulate. whenever markets and not transparent, that will be a problem.

the evidence cited by other witnesses on the pendulum another quickly mounting evidence suggests tiemann facilitated movement might distract the fund is we are talking about are possible. tiemann facilitated dispersal events may be disproportionately more devastating than that facilitated the vans because of the distances humans can move the fungus. for civil even a single the introduction of the destructive and it's by humans into the western united states could lead to the collapse of an entirely new debt community which is unlikely in the next five to ten years given the current rate of expansion of the white-nose syndrome. in my opinion the risk of the cave visitations to ecosystems and the economy out with the possible benefits and i believe the case closure policy implemented by federal and state agencies are both unwarranted and prudent. finally come in the roughly five years since white-nose syndrome in march, researchers amassed a body of knowledge about the disease given the scale of the problem very little funding has been available and we've done a lot with very little. still

to go back and see whether -- >> obviously we would not agree on that point because we think it's pendulummeone sends a very real and says needs? in the health care context, hhs would labor. >> mr. sunstein, if you would follow the because you're saying right now you're not sure if you could remember this correctly. with that, my questions are complete. i would recognize the ranking member. >> thank you, mr. chairman. mr. sunstein, some think the informal review is a term of art in your mind and what your meeting is informal review at the somebody actually sent text over and it was reviewed and sent back, versus general discussions about potential rules and policies. but that be correct? >> exactly. >> mr. sunstein, i think to ask you about the cost of regulations because we keep hearing about the other side of the aisle of federal regulations has more than $1.75 trillion. as i understand, the basis for that figure is a set number 2010 study called the crane and studied by: mark crane that stated the annual cost of federal regulation totaled approximately $1.75 trillion in 2008. omb reache

while this shouldn't be the case, i don't think we've ever seen the pendulum swing as far it is a has under the obama administration. the unions represent less than 8% of the private-sector workforce. yet with president obama in office, the unions' influence has been virtually immeasurable. this should not be surprising during the 2008 campaign, president obama addressed a gathering of members of the seiu, probably the most powerful -- politically powerful union in the country. during his speech, the president told the crowd that if he were elected -- quote -- "we are going to paint the nation purple with seiu." apparently apparently, mr. president, this is the one campaign promise president obama intends to keep. madam president, i yield the floor. a senator: madam president? the presiding officer: the senator from wisconsin is recognized. mr. johnson: i would like to be allowed to speak for up to ten minutes. the presiding officer: is there objection? without objection, so ordered. mr. johnson: thank you. madam president, i have been here for almost six months now, but i have been c