same stupid mistake the united states made by embracing the now totally discredited supply side reaganomics which says that when rich people do well the money trickles down to everybody else they want their workers to make the money their workers in their country so those workers will stimulate the demand side and they're also committed to not making the stupid mistake we made of becoming totally defenseless against foreign manufacturers the idiocy of so-called free trade meanwhile back here in the united states we're still stuck with reaganomics and free trade and transnational manufactured corporations have laid off two point nine million americans and hired overseas workers to the tune of two point four million workers just since two thousand sucking all the stimulus that those jobs and wages once produced here in the united states out to foreign countries and free trade deal after free trade deal the united states is committed itself to a suicidal race to the bottom falling wages and collapsing domestic manufacturing instead of doing what we should have done which is to protect a mystic

wherever you go in america you see the same banks because no president since reagan has undone reaganomics the last presidents to enforce the sherman act were jerry ford and jimmy carter who broke up a t. and t. which since reagan as reassembled itself so now just like a handful of big banks we only have a handful of cell phone companies and landline phone companies the same way we have a handful of big ad companies that control most of our food supply the same way we have a handful of big media companies that control more than ninety percent of everything you see hear or read on t.v. the internet radio and over fourteen thousand newspapers and magazines fewer than a dozen companies the same way a handful of oil companies control the oil and gas market the same way a handful of automakers make all our cars the same way a handful of drug companies make most of our drugs the same way and full of retail you've started to notice the theme here and full of companies own most of america's retail sales of pharmaceuticals food toys clothing you name it there is a concentration the same way a handf

reaganomics and supply side economics so let's roll back the reagan tax cuts drop out of these so-called free trade agreements and once again begin investing in the american social safety net and working class people will take up jobs and lay down guns and no no longer need to pray to the lottery gods to make it in america that's it for the big picture tonight don't forget the marker see begins when you show when you participate tell your friends tell your neighbors get out there get active tag your it see that's what. the commission is free to critique a should three. four charges three. three. three. priests the old free lunch. a free media. tom. wealthy british scientists and. let. the market. really happening to the global economy. are a no holds barred look at the global financial headlines. more news today violence is once again flared up the fees are the images the world has been seeing from the streets of canada. the day the but. look. look. look look look for. her.

investing than they are towards that which is an economy that works again you know thirty years of reaganomics all i see is the middle class has flat lined for thirty one years when we apollo in forty years f.d.r. new deal economics when we had the greatest period of growth for the middle class literally in the history of the nation and arguably in the history the world well i'm not sure how you're defining middle class but you know in terms of the greatest people who make under one hundred six thousand dollars in today's money ok but that that also you know what they were using that money on comes into play with you know the cost of goods and services what people can buy with their money or people's lives better than they were thirty or forty years ago i don't think they are i don't. remember they tell me you know my dad why would i do this house was paid off he always had he was always able to buy a new car every other year and he worked until now i shop but my point is that good union jobs you know choo-choo attribute debt collectors coming after people now policies that were put in place n

american dream and realize the united states is not the land of opportunity like it was before reaganomics took hold these americans mostly men watched their fathers and grandfathers come of age during the new deal era in america and then were able to raise families on a single paycheck working in a factory they learned what it meant to be a breadwinner to be a provider for their families and whether it's politically correct or not being the sole provider for the family was an important part of what being a man was all about for most of american history and still is for most men unfortunately today with millions and millions of manufacturing jobs have been shipped overseas and tens of thousands of factories that once supported these middle class breadwinners closed down and these men feel that they have lost their manhood which is why a two thousand and four report by the national institute justice found an absolute link between high unemployment rates and increases in domestic violence the stress of being unemployed mixed with the feelings of loss of masculinity makes men look for other w

numbers suggest many can't even afford to rent a home it's now time we end the failed experiment of reaganomics and call on the rich to pay their fair share to help this country and the taliban has ceased talks with us officials in afghanistan should we accept this is the last straw and withdraw from the country. you need to know this somewhere or grover norquist is freaking out the millionaire lobbyist and anti-tax master of the republican party may be losing his grip on power but a freshman republican representative rip proffered is introducing legislation in the tea party controlled house to raise taxes on millionaires and billionaires crawford's legislation mirrors what democrats in the senate have been trying to do for months at a small surtax to anyone who makes more than two million a year on a close to representative crawford said about the legislation if we're going to make any progress in addressing the deficit and the debt eventually then we need to find compromise and so it looks like at least one voice in the republican party is waking up to the reality the situation that republica

to make the already rich mindbogglingly richer then again that may have been the point all along reaganomics has produced wealth inequality in the united states not seen since before the great depression and it disappearing middle class but the median income in america now just a bit above twenty six thousand dollars a year but despite the overwhelming evidence the reagans and thatcher's bizarre economics are doing incredible damage to both economies across the pond and here and they should they should put to sleep and buried it continues to rise again and again and again just like the un did today we see it in two very similar budgets in the us in the u.k. one is being pushed by the republican budget chairman paul ryan in the u.s. you know who should be is on the outside the one who's been closed but they had a finance in the u.k. known as the chancellor of the exchequer george osborne. now we know a paul ryan wants to do he wants to kick her where to go here is he wants to kick fourteen million disabled elderly and impoverished americans off medicaid cut off their health insurance for mill

medicare as we've seen over the past thirty years of reaganomics savage the middle class moving our wealth up to the top one tenth of one percenters and with the so-called independent voters a phrase that basically means people who don't know much at all about politics only pay attention to t.v. ads during the first the last few weeks before the election they can often get away with that with those people president franklin roosevelt was on to this republican gimmick way back in one nine hundred thirty six game ban you you. let me make economic pain. that. we believe thank you we. don't know any we didn't even know it. we've only baby. them thank you. thank. god we night raids. thank you doing man. ah. we. we. and everything. but do we not will. any already and it. rather well we can't trust you're going to see this play out over and over again over the next eight months as the republican candidate most likely mitt romney begins drifting toward the center in his rhetoric once he feels he has the nomination wrapped up it's a republican survival technique it's the only way he's going to have

down more than fifty years ago and today after more than thirty years of star starve the beast reaganomics it didn't invest one dime in our infrastructure those pipes are past the end of most of their lifespans the study also called for replacement of waste water pipes which will cost another trillion dollars so here we are the richest nation on the planet with a rotting third world water pipes underneath us but that's not all our entire infrastructure from our roads to our schools to our dams desperately needs repair or replacement the american society of civil engineers puts out a report card on america's infrastructure and the latest grades are from two thousand and nine here they are right here. aviation d. bridges c. dams detouring water d. minus energy minus hazardous ways d. in waterways d. minus levies d. minus parks and rec c. rail sea roads deeds cool if you notice in a pattern here the solid way see last transit and waste water d. and d. minus i mean this is america's infrastructure g.p.a. how did we get the estimated five year investment needed two point two trillion dollars wi

tanks that promoted greed is good austrian economics and selfish libertarianism is good things and reaganomics has created a lottery economy made the rich richer basseley richer and the poor poorer and destroyed the middle class we've forgotten what it means to share and look where it's gotten us we now stand in the midst of an economic collapse social instability and enormous wealth inequality with all the social programs that come with problems going to become without so let's go back to doing what we as humans do best sherry and once again build an economy that's simple and natural principle. this is just or stuff out of twenty it's fewer than thirty six i think is twenty four twenty five states now have laws is the charter laws that allowed you to start a co-op corporation or sometimes are referred to as being corporations benefit corporations corporations that are of benefit to the community we need to make sure that every state in the nation allows the creation of co-ops this is legal form so that that can work and you know if you're active in your state get active in in making co-ops wo

in poverty after all this country is very much was not the case twenty thirty years ago before reaganomics so given the the details the extent of these you know horrible details about poverty in america unemployment underemployment underwater homes people can't afford to buy cars anymore they're renting them calling leases what are conservatives offering as i mean we know what the democrats are offering it's basically f.d.r. recycled let's let the government be the employer of last resort you know bring back those programs let's build some infrastructure it's there it's all out there one of the one of the conservatives are well look there's some numbers that you're leaving out one of those numbers is that since nine hundred sixty five sixteen trillion dollars has been spent on the war on poverty the number it's spending has it been increased thirteen times president obama has pledged promise to try to increase it by something like forty two percent and yet despite all that spending this poverty is continuing as you cite in your numbers so the problem isn't not enough money being thrown at

and security of the used to be available to pretty much anybody who just want to work and since reaganomics ripped apart the middle class and clinton nomic sent all our jobs overseas it's become a nightmare and now the supreme court can deliver the could deliver a death blow to it. it's wednesday night which means it's time for the long liberal rather lot our panel tonight caroline mary and jeff who are both reporters of the daily caller and rock and you both let's get started good to see you both. look it right first question here obamacare of course i was just talking about reporters seem to think obamacare is in big trouble words coming out of the supreme court you know oh yeah those is this is. really hard questions body body but there are fifty three million americans without health insurance one hundred thirty million americans with preexisting conditions they're now protected by obamacare seventeen million children preexisting conditions now protected by obamacare two and a half million young people who are currently covered under their parents' health insurance policies weren't even

for that combined a vital function of government. 30 years reaganomics has rule. 3% with small variations. i don't have time for the details but where are we now? with debt service payments and that aging population and with relentless tax cutting the the president bush's and the president's budget will fall from 3.1% of national and come down at one point 8% in the year 2020. rear dismantling the very means to address the needs of our society. thank you. [applause] >> and now george soros. >> i am not in disagreement with your conclusions but i would like to take issue with your premise that is the wages have a good discussion. [laughter] i am in the global crisis of the global financial system is not functioning the way it is supposed to. said is practically paralyzed by the degree of uncertainty. and to understand into just are not that the deep end. to understand and control nature is much greater than the ability to understand and to govern itself. that disparity is growing and that is actually at the core. >> i am sure with that this bereday between the natural and social sciences w

for 30 years reaganomics has ruled.it didn't matter, democrats and republicans, 3% with small variations, no change. remember, so many -- i will, i don't have time for the detailed the navy in the discussion, but where are we now? because of rising debt service payments, because of an aging population, because of higher health care costs and because of this relentless taxcutting, even that our president is pushing still, that discretionary line in the presence budget will fall from 3.1% of national income down to 1.8% of national income in the year 2020. we are dismantling the very means to address the needs of our society. thank you. [applause] >> so, george soros. >> i'm not in disagreement with your conclusions, but i should like to take issue with your premise, namely, that there is no global crisis. because that's the way we can have a good discussion. [laughter] i do think we are in a global crisis, that our global financial system is not functioning the way it's supposed to, and that the financial markets are pra

in 1981 he wrote "reaganomics." now and independent caller from waycross, georgia. my comments are about price distortions. it's really an issue that no candidates seem to be addressing this year or for many years in the past. the way that our tax system works is it distorts prices so that we do not know the true cost of what something is when we go to the store or whenever central planners or government or business planners try to plan something the true costs are hidden, the true benefits are hidden. how can we plan anything? guest: i don't really understand what. the caller is what. it is certainly the case that taxes of different kinds distort incentives and it would be desirable to simplify our tax system and make it more rational. but beyond that i really did not understand what he was talking about. host: mary tweets -- what is your take on how wall street should be treated? guest: i certainly think that we could use better regulation of wall street, whether that means more or less, i think, is a question. i think it is too bad that we cannot have a rational