author and economist richard wolfe joins me for the first half hour in our conversations with great minds discuss the totally corrupted capitalism is playing a role in the demise of our nation's economy and what i replace it plus social security and medicare medicare benefits are projected to run out sooner than expected to do so urge house republicans to stop whining and raise the debt ceiling and there's a huge production underway on capitol hill two leading stars have to be the senate and the big time for oil executives i'll tell you which one is faking the part when it comes to the oil crisis. for tonight's conversations with great minds i'm joined by an economist who has many books and more than four decades of teaching have focused on marxian economists economics economic methodology and class analysis he's professor of economics emeritus at the university of massachusetts amherst and is currently a visiting professor in the graduate program of international affairs at the new school university in new york city his latest book is capitalism hits the fan a global economic meltdown an

. >>> joining me richard wolf. he is the author of "revival, the struggle for survival inside the obama white house." thanks for joining me tonight. >> my pleasure, lawrence. >> we're watching this story evolve. the white house has struggled for consistency in the details of the account since sunday. first there was the idea that there was a firefight. that bin laden was armed, that he was shooting. that's all been corrected. now we're down to the point today where there's that detail that gets thrown in officials saying they saw bin laden appear to lunge for a weapon which is the classic line that appears in every police report of every questionable shooting by police where it turns out the person was unarmed. they always kind of reach over for at least that element of it. is the white house being a little bit too frantic in the way it's letting this information come out? if they've discovered that there are inconsistencies wouldn't it be better for them to release one clear, coherent version at once? >> the simpl

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wolf? >> thelma gutierrez, thanks very much. let's get right back to jack for the cafferty file. >> question this hour is now the time important the united states to increase aid to the middle east? richard will the homeland debt ceiling debate, entitlement programs, contentious universal health care issues, now is not the time to be spend are more millions on those that are being robbed by their corrupt leaders. from texas, no, we have done enough. both good and bad. it is time they sink or swim. we have mettled there since the crew sxad nothing came of that. can i ask where this monday swri going to come from? we will just adds it to the national debt? here we go trying on buy our way into somewhere we don't belong. apparently the middle east doesn't have any extra oil money to spend. mark writes -- yes, now is the time. this could -- potentially be the first step towards develop lasting democratic strong hold in an area where it could be very influential to surrounding nations. who knows when another opportunity like this will come along. don writes -- to reward countries for encouraging democracy seems misguided. america is proving day by overspending day that its brand of corporate