in every meaningful way reaganomics is alive and well and still controlling our economy. and what has thirty three years of failed reaganomics brought us it's brought us record levels of financial instability it's brought us trade policies that have destroyed the working class union policies that have destroyed labor america but most importantly has brought us tax policies that have made any quality worse that have wrecked our economy and put us at the mercy of cycles of boom and bust when ronald reagan stepped foot inside the white house the top marginal tax rate was seventy four percent and a third of the federal government's income came from corporations today the top tax rate is sitting at thirty nine percent most rich people pay a maximum of twenty percent the capital gains rate and corporations are only paying around eleven percent of the total cost of running the federal government thanks to thirty three years of failed reaganomics many americans have bought the law either tax cuts or a cure for a struggling economy in reality despite what the conservatives tell yo

hour week right and we end and along with that we saw wages go up so if and what happened with reaganomics and you see in one nine hundred eighty that's when these numbers started split apart and reagan's war on working people and all that productivity that gap is the money that went to the top one percent if if labor had kept up if wages and kept up with productivity then you know yes productivity increases because of technology but so what if the company is making more money because technology has increased the productivity of their individual workers write their individual worker should make more rather than just the c.e.o. makes but the funny thing that happens when you look at back at that graph and look what happened at the end of the seventy's you see that. the computer and so few were able to make you make that same argument about the steam engine about already . it's hard for us to say specifically what's causing met whining to start what's causing why did you start you follow unionization it tracks that bottom line that's when that's what you know when reagan came in office a thi

if reaganomics works, why aren't soaring corporate profits helping everybody? >> well, raken nommics was not just about soaring corporate profits. this is frankly a left wing liable, because they so completely misunderstand the nature of free enterprise. the reagan approach included helping people find jobs. the welfare reform program, that we passed in 1996 led to the largest increase in children leaving poverty in american history. the late '90s was the best period of moving children out of poverty into a much higher income status, and nobody on the left wants to study it, because it requires work. frankly, on unemployment compensation i would extend it, but i would attach a learning component, apresentishships tied to businesses, and i would try to say, if you can't find a job, we want to help you acquire the job skills to enable you to find a job. in terms of poor children, i think school choice is absolutely central. we trap poor children in terrible schools to pay off the teachers' union. we ruin those childrens lives and wonder why they have a hard time

and all of the country is still mired in reaganomics and republicans have succeeded in neutering this president there's still a chance for real change the kind of change obama promised when he first came to washington. but that kind of change is only going to happen if progress is rallied together call out republicans for conspiring to bring down the obama white house and push our president to the left he may be satisfied with his small scale year of action but that doesn't mean we should get active. and that's the way it is tonight wednesday january twenty ninth two thousand and fourteen and don't forget the mock receive begins with you get out there get after the occupy something take your it sort of. old. science technology innovation all the lives developments from around russia we've got the future covered. join me. for in-depth impartial and financial reporting commentary and for news and much much. only on the bus and. click on your arm and a lot of the news all the face just like you. look . a pleasure to have you with us here on t.v. today i roll researcher. wealthy british s

kind of bold change this country needs to undo the destruction caused by thirty three years of reaganomics in the next few weeks republicans will no doubt say that obama's plans to use executive power are evidence that he's a tyrant intent on shredding apart the constitution but ignore their whining a weakened president who has given up on pushing for broad reforms is exactly what republicans want and they've been planning this moment since the day obama took office on january twentieth two thousand and nine a night when most americans were out celebrating the end of the bush years and the beat in a new era a group of powerful republicans was planning the end of the obama presidency before it even really began at the caucus room restaurant right here in washington d.c. republican leaders drew up a plan to intentionally sabotage obama at every point possible on the guest list for the invitation only meeting were republicans congressman eric cantor paul ryan kevin mccarthy pete sessions jeb hensarling pete hoekstra and dan lundgren and republican senators jim de mint jon kyl tom coburn john

house for nearly twenty five years but thanks to conservatives our nation is still addicted to fail reaganomics policies is the time we close the book on the reagan era for good and put america back on the path to success that and more tonight sloan liberal rubble. you need to know this last night president obama took to the halls of congress to give his fifth state of the union address the american people and while he did touch on many key issues that our country is facing today there are many things he should have mentioned that he did. so here's what i would have said to americans last night our state of the union is strong but its politicians are stupid and are bought off by big oil tycoons wall street billionaires and giant transnational corporations and that's the first problem with america right now our conservative controlled supreme court has said that money is protected by the first amendment thanks to the disastrous citizens united decision the conservatives on the bench about a possible for billionaires to float our democracy with corporate cash which is slowly destroying the democr

just like we're just seeing a disaster in this country isn't this proof that thirty two years or reaganomics and in particular you know five years of obstructionist republican policies are working. i just think it's i think i think all planets are alarm right now because based upon the facts that you just laid out minus that last part you are actually in agreement in the sense that yes the economy sucks yes the economy sucks you know and i'm saying and congress is making all the decisions about what gets spent where and how and that's republicans and well president obama is riding the passing executive orders like there can be and basically you know strangling the middle class and small businesses which is basically called. i can name many but the fact of the matter is this economic recovery if you want to call it is the absolute worst in american history only seventy four thousand jobs were created in the month of december yet the unemployment rate dipped three tenths of a percent that's just people are vanishing off the rolls is this because modeling the fact of the matter is and look you

now our political system is following our business system since reaganomics began basically you know to the person with the greatest degree of sociopathy go the spoils which is tragic i think we first have to get money out of politics and then we might be able to actually have serious conversations about some variation of what you're talking about so to mark with his video comment on campus. i phone with mark. i want to talk about a classic under-reported story that really got. the ball i was shocked to learn with more than ten years ago the u.s. government awarded its federal and represented by the department help human services the patent for medical cannabis known face patent number six six three zero five zero seven s. wrong you used to read is that clear and direct contradiction we use place will appear to both one from a parallel but it's going to one my question for you tom is this. in the patent us patent number sixty three there are five there are seven the smoking gun needed to finally force the reason legalisation of the. that's a great point and it's a great question it m

reagan had something called reaganomics.ar, even though both parties sanctioned it, this is nothing special. >> pelosi makes a point. there are lot of ways to attach her way to it, pelosi-see you later. but i digress. no matter how they're looking at rebranding it or reselling it or repackaging it, both the super bowl and the olympics, they're going to be selling the heck out of it. you have to have something attractive to sell and your argument has been they don't. they also argue eeventually they will. what do you think? >> what will happen is the employer mandate will kick in. what we have seen so far is minor compared to what happened after that kicks in, in terms of people losing their care. and we have had, what, 2.1 million people sign up in the exchanges for the nonmedicare or nonmedicaid aspect, but 6.3 people have lost insurance. that number is going skyrocket and going to be chaos. that's only part of the problem. the other part of the problem is you have injected a lot more people into a system and you're asking

remember reaganomics?y are record corporate profits not leading to better jobs with higher pay? i go one-on-one with newt gingrich next on a brand new "your money." >> thanks, christine. >>> that texas man who got charged for warning drivers of a speed trap up ahead. he claim head was trying to help police by urging drivers to slow down, but they didn't buy it. now he faces trial. our affiliate from wfaa. >> reporter: an approaching officer demanded his drop it. no weapon, just a sign, which read, "police ahead." warning drivers of the speed trap these two frisco officers set up minutes earlier. are you against these speed traps? >> absolutely not. i think it's very important for officers to actually be on the street and enforce laws. police arrested ron martin last october along el dorado parkway near preston road. wednesday he went to court. >> ultimately we're trying do the exact same thing. just not wearing a speed limit. >> reporter: yours say police ahead. you say the officers dp dp cover it up. >> c

no long term unemployment benefits at the same time that we've got you know thirty two years or reaganomics is ripping apart arca it's it's nuts here's another message we received on our ratline. free market capitalism a benefit the top one percent neither free nor constitutional the word capitalism is not in the constitution it's actually an unholy the root of all evil pound scheme ask your wallet it will tell you the truth. you're right first of all there's no such thing as a free market markets are created by governments they're created by people they have rules. and we get to define what the rules of the marketplace are and secondly what we have been increasingly doing is defining those rules at least since the one nine hundred eighty s. as the rich get richer the poor get poorer the middle class gets screwed who needs unions those you know you know those. you know the drill. you want to make it in china you want to make it in vietnam you want to make it someplace else that's why we need to change those things danny in little rock arkansas hey danny thanks for calling what's on your min

when reagan came in with reaganomics, which is flat out. well, that gap produced two things. it produced on one hand an enormous amount of debt, which i just described to you. but credit card debt, home back in the trillion of student debt that when i was a kid -- but not as a kid, back in the day -- seriously. in california you go to college for free. this come up by the way, was not a new idea. abe lincoln started the land grant colleges. that was the idea everybody should go to school free. he gave them enough and that they could work the land it for the tuition for students. they could whatever. i went into a new or. thomas jefferson on his tombstone, the guy who was president of the united states twice from 1800 to 1808, 1809, thomas jefferson wrote his epitaph into the add-on there he was states. he was not the most part of it. he was part of that, but the thing he was most proud of for the virginia declaration of liberty, the thing he was the most proud of was that he was the founder of the university of virginia. the first free college. that's regarded the university

hundred twenty nine percent of g.d.p. a way that you're going to go examine his you're going to reaganomics and evolve acting but cox and all this acme can't have it both ways well it's been nothing but cuts during democratic administrations during republican administrations you see during the reagan administration and during the bush two administration you saw the greatest growth in government and i agree in the bush bush this is always under the republicans never under democrats you have saw the great i mean you saw a huge increase in the number of regulations that were passed under bush the second oh yeah. it would but you know what reagan did with that spending i think a lot of it was wasteful inefficient particular star wars because military spending doesn't produce good results and you know there's no multiplier effect to military spending but what he did was he did put people back to no there's no there's no make layer effect at all right there simply is if you have the money to if you give money to people who spend one hundred percent of their income they're going to spend in their

put their money back in the stock market then they will start being in favor of the policies the reaganomics policies that were being promoted that would help big corporations and rich people because they would inflate stock value is. and that's sure enough what happened and it led to this current stock market bubble that we have right now that i think is fixing the bust so the whole for a one k. thing from the beginning was a scam and it continues to be ronnie and philadelphia hirani thanks for calling you want to talk about fukushima yeah. they have all these tanks with all this radiated water why don't they usually old water to cool the nuclear reactors they have a lot of water must be cooled by now which. was a good question it's a good question i. guess in that the answer has something to do with you know physics and mechanics somebody would have to go out and put pipes between the tanks and put pumps in the tanks and service them and all that would require physical people being on the ground close enough to those reactors that they get badly or radiated but that's just a wild ass guess

economy did things go well and then we've been operating for thirty three years in in a world of reaganomics since since eighty one. how things worked out you know do we really do we still want to continue along with these republican philosophies of cut cut cut small government all this kind of thing or should we go back to what f.d.r. was to i mean it's just it's really simple stuff but you don't obstruct you say ok if the will of the majority of people is this the this is what we're going to do and that's that's so i'm not frankly a fan of of. well no actually i would say i am a fan of compromise in as much as i think that the party that is not in power should be the one who is saying ok we'll go along with it and you know that's a tough one when you've got republicans in charge of the house and democrats in charge in the sun and i get that but also you have to keep in mind that the democrats actually got a million and a half more votes in the last election for members of the house of representatives the only reason republicans hold it is because they gerrymander those districts so it's go

. >> i think the success that has been attributed to reaganomics is totally unwarranted. we had the greatest keynesian deficit binge between 1981 and the end of the bush administration, the first bush. those 12 years are all really the reagan program. and so we did have an economy that rebounded, because volcker killed inflation and the deficits were enormous and they stimulated the economy. but they established a precedent for continuous, chronic, massive peace-time deficits and put the republican party, the old defender of the treasury gates in the position that cheney so ineloquently expressed, deficits don't matter. and that was the beginning of the end, because in a democracy, if there's not a conservative party that is defending the treasury, the taxpayers and fiscal rectitude, you're going to have a free-lunch competition between tax-cutters, the republicans, and spenders, the democrats. >> what do you think? >> i think that's much too narrow a view of the options we have. i think that reagan wouldn't have agreed with that in this sense, that what -- he saw the eco

host: where is the pie chart on wages that have stopped rising since reaganomics?st: i disagree. if you look at the congressional , they put out an annual report on income growth and they show that since 1979 and comes at the bottom have , depending least 28% on how high you cap the value of health insurance. there's a lot of misunderstanding about income growth. that is much lower growth rates that we found in the 1950's in 1960's. income equality as extreme as it is, it is safe to say we are presently in all our gay -- an oligarchy. guest: i would agree with the rider that are liberals of inequality are shockingly high -- levels of inequality are shockingly high. % take some more than the rest of the top. -- takes home more than the rest of the top. whetherave looked at rising inequality slows economic growth or leads to financial crises or hurts upward mobility, the evidence is not there. host: let me share with you with the president said at the center .or american progress he outlined some of the themes that will likely come up tuesday night in his state of th

people have the sense of this and what happened from george washington to ronald reagan was reaganomics productivity continued to go up. it produced on the one hand credit-card debt, of home that $1 trillion of student debt, that when i was a kid we did not know about student debt. if you lived in california you could go to college for three. abraham lincoln started them with the idea everybody should go to school for free tabor caused land grant colleges that they could work the land to pay the tuition they could grow cows and corn or whatever. it was not a unique idea. jefferson on his tombstone the guy who was president of the united states twice, he wrote his own epitaph and did not even put on there he was president of united states. he was not the most proud of that. what he was most proud of being the author of the declaration of independence he was a founder of the university of virginia which was the first free college. anybody could go that could pass the entrance exam if they could demonstrate they were capable. people know we have then robert. -- has been rocked but then wit