again, the dodd and shelby teams broke down last thursday night.feel there is no reason we cannot go forward. it is a question of whether you want to try to get to yes or whether you want to try to get to no. that is what i have been observing. financial regulation. if we cannot pass a bipartisan financial regulation bill, i do not know what we can pass around here. it is an issue that has a lot of substance. there is one issue that is semi- polarizing. to me, it is something we need to move ahead with it. the citizens of tennessee gave me a six year lease to try to do as much as i could to make our country stronger. i think this is one of those things. guest: you are not the only republican senator who tried to hash out a deal. chairman baucus and senator grassley came up with a jobs plan. they released it on thursday. then senate majority leader harry reid moved a smaller version of that. that upset senator grassley and other republicans. did reid's move give you any pause? ."çóÑixdguest: i don't know thn say i am confident of anything. i think

senator dodd came forth in november and negotiations broke down with senator shelby and senator dodd.dod came to a committee markup with a partisan bill. i urged him publicly not to do that. let's create a bipartisan bill. he acquiesced. he set up during the health care debate, he set up a team with four republicans and democrats teaming up, working on the four important sections of the bill. it is broken down again. judd gregg and jack reed actually are moving along very, very well. mark warner and i have moved along exceptionally well. we are almost there. again, the dog and shall be teams broke down last thursday night. -- the dodd and shelby teams broke down. i feel there is no reason we cannot go for. it is a question of whether you want to try to get to yes or whether you want to try to get to no. that is what i have been observing. financial regulation. if we cannot pass a bipartisan financial regulation bill, i do not know what we can pass around here. it is an issue that has a lot of substance. there is not -- there is one issue that is semi-polarizing. to me, it is something

thank you. >> thank you, senator shelby. any other members who want to be heard on this matter, i made that offer before. [inaudible] >> any comments at all in the record by the way. obviously, we'll include i presume members have opening statements and they'll be included in the record. chairman volcker, again, i think most people know you but just for the sake of the record here, paul volcker currently serves as chair of the president's economic recovery advisory board. he also heads up the group of 30 which has been engaged internationally on financial regulations and last year released a very influential report i might add on financial reform. and prior to this time, as i think all on this committee and else know, working in the investment banking world chairman volcker served as chairman of the federal reserve from 1979 to 1987 under presidents carter and reagan. neal wolin serves as the deputy secretary of the treasury. and having been confirmed by the senate in may of this past year, prior to assuming this position he

chairman and senator shelby.jeanette thank you, where the good participation participation in alaska clerk to put up seven minutes on the clock for each of us and again i won't rigidly hold annuity that the cuban frank unter in mind that timeframe. we left the premises do not filibuster although it is a habit, were not going to allow the witnesses to anyway. let me just say at the outset again, i think the proposal you're making makes sense to me. the question is we have is the committee in the coming days is crafting a bill. and any idea including this one cannot unintended consequences, how does the work, how do they put in place. i want to emphasize from island of questioning although i'm in support of it i want to race and questioned about the practicalities of how this would function. i begin with that in mind. let me begin if i can with observers and others i'm sure we'll hear on thursday these issues. maybe the members are themselves have raised questions about how this prohibition on proprietary trading s

the senator from alabama, senator shelby, objected.i would like to ask the senator, what does he know about karen wagner that would lead him to object to her serving in th thed states of america and trying to keep us safe? if he knows something, the next half-hour of the floor of the senate is available to the republicans or to him. i invite him to come forward and say, what is wrong with this nominee? why are you holding up this nominee? and then there's phillip goldberg, deputy for intelligence and research. this man has served as our ambassador to bol live yarks chief of mission in co kosovo. he is a coordinator of the u.n. security council resolution monitoring the implementation of resolutions on north korea. and he would be head of the bureau of intelligence and research at the department o def state. a big part of their responsibility is to make sure our foreign pals is based -- foreign policy is based on good intelligence gathered around the world to keep america safe and secure. for over 60 years this branch of our government

we saw the spirit of bipartisanship already today when dick shelby, richard shelby the republican senator in alabama put a hold on 70 nominees of the administration who are on the executive calendar waiting to be confirmed. why? because the air to air tanker contract from mobile, alabama has been held up by the pentagon. some people call that an earmark. that's partisanship at this point. >> lehrer: is it. >> that's that one person can do this and that's always been the case. the senate famously juices the milk cools, seam messing that up but it's sort of like things rush through and things cool down in the senate. they want a government in which it's extremely difficult to do stuff and it's extremely difficult because of the polarization. to me it's the polarization that's a problem not the constitution. the polarization has cost us to resort to the 60 much more often as necessary. unless you actually get the parties work together to some degree, the rules will change -- changing the rules will not help. >> lehrer: second of defense gates and admiral mullen already made news with his sta

senator shelby has put a number of nominations on hold in his state. what does that do for this effort, and what is the white house's response to that? >> i think this is a prime example of what i am talking about. let's talk about a little history of the last year. in the last year there have been more filibusters on the side of the republican party, more filibusters than for the year 1919 to the year 1970 -- in one year, and often the bill being filibustered were bills everyone agreed on. we had a director confirmed last week by overwhelming numbers, yet her nomination was on hold for six months. this is a person who is going to run the physical operation of the government. there is no excuse for that. the filibuster for principle -- is there for principled objections. it is not there for delay and missives, and that is what we're seeing. when the senator puts all of the appointment of the president on hold because he was an ear mark in his state, that is not in the interest of the country, so that is disappointing. we are working hard to shine a bri

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little bit to talk about the impasse that apparently exists now between senator dodd and senator shelby as it pertains to financial regulation. will they toss it all out andst? ? no, they're want. they're specifically not going to do that upon. they'll take the stuff that the republicans and democrats have agreed on and keep going with that and then the democrats by themeses are going to pass legislation on the parts where the democrats can't agree. >> where is the point? >> consumer protection agency. >> senator dodd has come out and said shelby and i aren't working together anymore. the dechl democrats are going solo here, right? ? on the parts that are not done that, exactly, michelle. it is really the question of will there be a financial consumer protection agency which republicans oppose because -- because they think it's overreaching on the part of government and democrats, and would create a bureaucracy. >> and they think there's a safe place. ? right now it's inside the federal reserve although the democrats would argue, hey, inside the fed the consumer protection did not do so

and yet people in washington are still behaving in the same old ways, shelby behaving, really stopping the legislative process for one man's fork. >> lehrer: two projects in alabama he wanted funded. >> right and frankly we have the job bill where you had a bipartisan compromise between-- and baucus t was bipartisan but when you look what was in the compromise that too was a silver fork which had nothing to do with job creation. that was politics as usual. and that wasn't even good enough, harry reid came over and said i don't want a bipartisan agreement. i want something a little more partisan so we had bad bipartisanship replace-- so what you see day-by-day is why people are angry. because the ingrained habits of behavior are still going on. >> lehrer: mark, before we go, two well-known members of the house of representatives, one present and one past died this week. jack murtha from pennsylvania, you knew him very well. what are your thoughts about him. what do you think his legacy should be or will be? >> well, jim, all of us in this business try to be objective. none of us can be,

we saw senator shelby say he had is going to put a blanket hold on the nominees. everything old is new again. >> there is some talk at the white house that they have to take a hard look at the filibuster process. every time there is a vote in the senate to slow things down or delay things, they need to make the filibustering senators come to the floor actually come to the floor. that may not be good for them in the future. they may want to hold back. it was a collection of actions that seemed to add up to, again, more talk, not much progress, a lot of politics which both sides seem to be trying to figure out, is there any percentage for us to actually work together. a couple things perhaps on a jobs bill, there will be a little bit of cooperation, but very much at the margins. financial regulation, that seemed to hit the skids again this week. it wasn't going well for starters. again, not a lot. >> how about health care? >> one of the things that happened in that meeting with the democrats this week is that you could -- they got up one after one and essentially pl

he has a decent working i happen are relationship with shelby.hey have teams of senators working on particular issues. so i would still think at the end of the day it will be difficult for congress to walk away before the regulation without a financial bill. we don't know what's going to be in it. >> quick note on health care. the health care reform about it bill because called a collapsed souffle in the back of an empty kitchen. is it that dead? >> no, it's not that dead. there were meetings yesterday at the white house on this. there were backstage negotiations where democrats -- and i think they're feeling more optimistic today than they did a week ago that they can get this done. they are trying to complete the process they were going through under the old process, whether they have 60 votes in the senate. if they can reach those agreements, which they were likely to reach, anyway, before massachusetts, mek pass those under reconciliation and then the house would pass the original senate bill. that is how it could work. the questions are, can

shelby county has had less than 1% voter turnout. about the person you're asking to take a state or federal job? this is what it should be out on the education side, but the responsibility of the boot is yours. everyone in a seat should be understood by the people who make the decisions. >> we did a town hall. a man said i voted for a friend of mine, and he went to washington and had great ideas and good moral character. months later, we called up and asked him how things were going, and he said i am a rock star. i can get anything of what -- i want. what is the average time in washington to corrupt a good man? two weeks. we have to clean up washington and the greed and corruption still up there. >> i completely agree. >> my name is fred from north carolina. i am a general contractor. when i said i sign a contract, i can get a bond for 1% or 2% to do what i said i would do. why not ask politicians to buy a bond or issue and be personally liable for that bond and pay voters back? >> you are too late. north carolina is taking it a step

senate, working with them and orrin hatch and richard shelby on that committee, that was a phenomenalouple of years, i worked in the senate. i was actually recognized by some folks on the house side for being for pushing things along on the clinton administration on the quiet water investigation. -- on the white water investigation. campaign finance was born out of the whitewater investigation. mike was the one u.s. the question of all people, webster hubbell, about where he was getting his payouts from. back in the 1990's, he received millions of dollars, hundreds of thousands of dollars in contracts from friends in films and he was the -- in film. he was the no. 3 in financing. then he went to prison. he was not a hazard to anyone. he paid his price. one investigation was born from another. mike chertoff ask the question about foreign money in the senate hearing. that is how we get into the lambeau group and all of the chinese money that went into the clinton campaign. then i left to the senate when the committee wrapped up its work and i went to work for the house of representative

i raises and you can either respond quickly to arrival go to senator shelby. i haven't done this before, but given with my promises or more has to be. the debt crisis, mr. chairman, increases shedding light on the role of derivatives and the financial markets. according to news reports this morning and over the last several days banks and hedge funds are using credit default swaps to bet that greece will default on its debt. the rise in price of these contracts contributes to an amateur of crisis make it even more difficult for the greek government in my opinion to borrow. since there's no requirement that purchasers of credit default swaps own any of the underlying debt, we have a situation which major financial institutions are ever fight a public crisis for private gain. i want to ask you whether or not there ought to be limits on the use of credit default swaps to prevent the intentional creation of runs against governments. do you have any quick comment on that? >> yes, senator cummings wants a first of all we're looking into a number of questions related

he says shelby is still committed to finding consensus but meanwhile he is going to go ahead.he said it's time to move the process forward. he is going to go ahead without the republicans on this. our understanding from dodd's office is a bunch of stuff has been negotiated with the republicans. that will stay. the stuff where there has been no agreement, the democratic side will go ahead on its own. we'll take a break right now. and more "squawk on the street" coming up. host: could switchino 15% or more on car insurance? host: is ed "too tall" jones too tall? host: could switching to geico 15% or more on car insurance? host: does a ten-pound bag of flour make a really big biscuit? >>> welcome back to "squawk on the street." i'm darren rovell and we're in might miami, site of super bowl xliv. joining me now is kevin marching, the ceo of under armour. >> i think every great brand is good for us, basketball, baseball, soccer, field hockey, and today with, vents like super bowl there's nothing bigger than this week. >> almost $1 billion company, everyone talks about shoes. you go

senator dodd says he and senator shelby are not seeing eye to eye on financial reform.he ramifications and reasons straight ahead. >> i'm dennis kneale. toyota shares are rising as the company's ceo came out and issued an a policy. is that mea culpa enough. would he resign in a problem? the roundtable coming up. >> all right let's get you up-to-date on the market action and there is a lot of it in the market sector and sharon epperson, we'll start with you because we had a big drop with you a short while ago. how much of this is technical and how much of it is fundamental? >> it is largely technical. oil prices are holding above $70 a barrel and we're down $3 and we broke below the $70 mark a few moments ago. a lot of stocks being triggered here. a massive sell-off here that

shelby: mr. president? the presiding officer: is there objection? mr. shelby: i object. the presiding officer: objection is heard. the senator from ohio. mr. brown: thank you. i rise to speak in support of the nomination of pa tritricia smith, as the clter solicitor of labor. it is important, a understand we just had a vote again for 40 people here tried to block. the presiding officer: the senate will be in order. the senator ohio. brown brow thank you, mr. president. mr. brown: thank you, mr. president. again today we saw where 40 people tried to block the nomination of a key position in the department of labor. this is a position that matters to workers. it is a position that malts to the middle class. it is a position that has remained unfilled for a whole year. it's been a year since president obama was sworn in. this is one of the top officials at the labor department. it is a department that frankly my friends when president bush was president, that president didn't put much stock in the labor department, didn't much care about enforcing rules about labor, didn't

from shelby county in the last few months, the second this year, in operation enduring freedom.n the middle east since 2002. mr. speaker, i ask that this house take a moment to remember the sacrifices -- sacrifices of armed forces including the sacrifices of petty officer shii. thank you, mr. speaker. and i thank the family for their wonderful son and the sacrifice he's made for his country. thank you very much. the speaker pro tempore: for what purpose does the gentleman from georgia rise? >> i request permission to address the house for one minute and revise and extend. the speaker pro tempore: without objection. >> thank you, mr. speaker. i rise to ask house members for some help. about three or four years ago we found a man in savanna, georgia, in his late 40's, maybe early 50's, who does not have identity. we have no idea who he is or where he came from, but he's an intelligent, apparently college-educated, middle-management type guy, maybe from indiana, mr. burton actually helped us on him a little bit because he has memories of indiana and denver, colorado. we've talked t

senator shelby. -- before. chairman volcker, welcome again to this hearing. one of my first few weeks on this committee was to testify when you're the chairman of the federal reserve that was a few moments ago as we both know we welcome you back. the financial crisis has had a devastating affect on our economy. millions of people have lost their jobs. trillions of dollars, household wealth have evaporated and the american taxpayers are on the hook for nearly all of it. we cannot allow such a calamity to occur again. for this reason and others, i'm willing to consider any proposal that will strengthen our regulatory framework and help our economy including the president's latest recommendations. that is why i joined my republican colleagues and ask for this hearing. today we hope we can gain a better understanding of the specific activities the would be banned under the president's proposals and the risk associated with those activities we also need to understand clearly the cost and benefits associated with the plans proposed changes. finally we need to deter

that there has been pressure from allies to be more aggressive given republican tactics, senator shelby a hold of all the president's nominees. guest: going back to the extension of unemployment benefits, many democrats are saying that it takes money to make money, and that to extend the employee benefits, you can funnel the money out into the nation. that is their premise and many democrats are saying that they have got to do this and they are upset about the jobs bill that does not do that. unemployment, especially the jobs bill, that is what they are contending. host: the president yesterday in his radio address was talking about a way forward, here is part of what he said yesterday in his weekly address. >> these countries -- companies need to be held accountable when they arbitrarily deny care. we disagreed over the tax rates for small businesses and individuals. this would be the largest middle-class tax cut for health care in history and i believe it should be done. while we believe that americans with previous condition should get coverage, we had disagreements over how to do th

the next call comes fromç cliv, independent from shelby, texas. hitting it right on the line.gress what we are up against. we are not in the past, like he said. we are dealing with the future. and we are not -- not uneducated people. just small people living our lives and try to do the best we can. we can hold on, we can survive. we just need our congress and senate, the people who are supposed to be leading the nation, to give us what they promised us. most of us struggling, hoping when it these days we may make a hundred thousand dollars a year. host: of giving us what they promise -- what are you thinking about? what was the promise? caller: it started with george washington right on up to date. we know our history. i just wonder if our congress and senate does. host: sliwa calling from shelby, texas. fred, democrat from boley, maryland. ç-- bowie, maryland. caller: i have a problem with the democrat and republican party. when the president has to stand up and teach the parties are history, it is a shame. they don't know what to do in this country about anything. it is ver

sorry, sirius b g shelby township.-- sorry, here he is, caller: -- sorry, here he is, i was able to combine both the mortgages for less than the payment, but the reason why they would not let me do it is because i don't have 20% equity in my home. i only have $20,000 equity. it is just kind of frustrating because i have not heard nothing about this problem, just hundreds of thousands of people who are having the same problem where they can better their payment for lesser but they will not let them for -- refinance because they don't have 20% equity. to me, i think that is a big hold up on people refinancing. guest: absolutely. !y;vko]eo: k about how much lending they are providing, but the recent trend is that the bank's capital situation is improving. many of the banks are beginning to make profits. it is a recovery process. and the banks are in the business of lending. it is a matter of time that i think the banks will begin to provide more refinancing opportunity. but right now we have a situation, rock-bottom mortg

they are holding them up and senator shelby's case because he wants money for a particular pet projectn his home state of alabama. he is holding up the very people that we need in our country to protect our country and protect our national security. and we're going to point those things as well. the dmple n.c. is going to play a critical role in 2010 in fighting against the head wind and beating all these norms. first, we think we have a very unique role to play and expertise in core competence in communicating frequently and regularly with what i like to call our 2008 surge voters. that 2008 turnout was at a surge level and the great thing is, we are data freaks at the d.n.c. and we know who they are. we know who the surge voters are in every community in this country and part of the way we're going to succeed in 2010 is by frequent and regular communication with those surge voters, especially the young, minority voters, first time voters that we registered in 2008. there were about 50 million of these surge voters who we know. and whether they turn out in november can make a huge dif

or one senator to hold up legislation, we saw it this past week, we saw it before with senator@m÷ shelbynt guest: it is the least firble part of government. congress as a whole is not an efficient part of government, shouldn't be, and the senate is the least efficient. i think you could make a good argument that it is so inefficient that it prohibits normal circumstances. even when you have, as the democrats had for years, 60 votes, it is difficult to get things done. you can go the route that you just suggested, steve, which is changing the filibuster rule. if you really want to talk about change, then you need to talk about the natureukq of the sena two senators per state. when thek4p founders set that u the largest state had about 2 1/2 times the population of the smallest state. today that ratio is 70-1. california has 70 times the population of wyoming. when you add up all the small states together, you find 17% of the american public elects 51, a majority, of the united states senate. we know 41 senators can actually run the senate. 11% of the american public elects 341 senators. n

his parents to the battlefields of virginia and instructed them in the works of bruce catton and shelbyfoote, which must've led to some very interesting dinner conversation. since 1988, he has written, cowritten and edited numerous books on the american civil war to include comedy andersonville diary and the more as a child of a metal honor recipient. a biography of general strong vincent, who was killed in action on july 2nd at little round top. the writing and fighting the civil war series which contains over 1000 soldier letters written from the battlefield. that takes dedication, ladies and gentlemen. echoes of the blue and gray video series, which shows civil war veterans, including the immortal joshua lawrence chamberlain, writing the magnificent white wars down in a memorial day parade down in 1914. in 2003, bill discovered 24 boxes of revealing interviews with the commanding general of the civil war. conducted by american sculptor and historian james edward kelly, some of these interviews were published in the outstanding book generals and bronze, interviewing the commanding gen

but i don't know what my friend, senator shelby -- and i say that -- he is my friend -- i don't know what problem he has. whatever it is, i would almost bet a lot that it has nothing that would be comparable to holding up these extremely sensitive, keeping-our-country-safe positions. i just think it's outlandish. and i can't imagine this is the right thing to do. mr. mcconnell: madam president? the presiding officer: the republican leader. mr. mcconnell: a little earlier today the massachusetts secretary of state formally certified the election of scott brown as the new u.s. senator and the newest member of this body. he'll come to washington and be sworn in on the senate floor, as is customary, later today. and we all look forward to welcoming him. the people of massachusetts are eager to have senator brown working on their behalf. republicans look forward to having him join our conference. this was certainly a high-profile election, but now it's time to get to work. i yield the floor. the presiding officer: under the previous order, the leadership time is reserved. and under the pr

republican senator richard shelby says the volcker rules are being air dropped into the senate's already year-old financial regulation debate. >> i believe that a strong regulator, if the regulator is alert, they can handle this, these kinds of problems if they think that a bank is not doing right, they think a bank may be jeopardizing the safety and soundness, they can step in. >> former fed chairman paul volcker, though, offered few details on the president's plan at the senate banking committee hearing on tuesday. senator chris dodd who chairs the panel says while he supports the proposal, piling on too many new ideas would be a mistake. ross. >> nicole, now, the european commission will today signal its approval of greece's plan to slash its ballooning deficit. the commission president says the plan is feasible, but the risks remain. last night, the creek prime minister outlined additional measures to cut spending, which included a sector salary and a hike in fuel practices. greece has promised to bring its debt to ge ratio below by 2013. at the moment, it stands around 13%. >> and g

last night, senator richard shelby put a hold on every single nominee of president obama, 200 officialsme that that is anti-democratic. edison and that needs to be fixed. guest: this is a classic example . we were republicans were company of the democrats could use the filibuster to block nominations. we talked of having a nuclear solution. guest: my was to abolish this. guest: i commend you for that. you complained about the procedure. it is certainly true that the requirement of 60 votes was no constitutional requirement and has been growing. i have been down 30 years. and now is with rating, it happened once in awhile. under clinton, it happened a bit more often. it has been growing steadily. as to the first point about whether i was inaccurate in assessing the problem, we will find out. i think the liberals who support the president making it a bit of their own kool-aid in thinking what the public really wants is more action on their agenda. i hope that the president would go ahead and give them all the liberal step. i think the public has understood host: it this is the financial t

they're holding them up in senator shelby's case because he wants money for a particular pet project in his home state of alabama. so he's holding up the very people, the very people that we need in this country to protect our country and protect our national security. and we're going to point those things out as well. now, the dnc is going to play a critical role in 2010 in fighting against the head wind and in surprising people by beating all these norms. first, we think we have a very unique role to play, an expertise, a core competence at the dnc in communicating frequently and regularly with what i like to call our 08 surge voters. and it was at a cathartic surge relies and we're data freaks at the dnc and we know who they are. we know who they are. we know who those surge voters are in any community and part of the way we're going to succeed in 2010 by frequent and regular communication with those surge voters, especially the young, the minority voters, the first time voters that we registered in 2008. there were about 15 million of these surge voters who we know. and whether t

. >> senator shelby second round of. >> and thank you mr. chairman. chairman bernanke, the chinese have made a number of comments about their massive u.s. treasury holdings. last year they publicly worried about whether they investments were safe. recently they have expressed the belief that they should respond with some of the obama administration decisions by selling billions of treasury holdings. while china does not have a financial interest in rapidly -- i don't they believe in dumping the u.s. dollar assets, may have other competing political interests. do you believe that there is a risk to stability of the initial system associated with risk to the value of the dollar perhaps stemming are coming from international nations -- relations between the china and u.s. and second lady you believe that china's large dollar reserve holdings pose a threat to the stability of the global financial system given the leverage those holdings provide to china to enable it to pursue a policy of paying its currency at an artificially low value perhaps i know that

and in 1989, made my first trip to iraq, and in 1990 senator shelby and i had a talk with saddam hussein. it was a very professional conversation. iraq at that time had just launched a three-power rocket system, and i led the conversation by asking president saddam hussein if he would be willing to negotiate with israel because they would take out his new weapons just as they had taken out his reactor october of 1981, and he dismissed it, saying, no, he wouldn't negotiate with israel. they weren't a border state. then he asked me a question. he wanted to know why all of the russian jews were going to israel. i saw him shuffling some papers, and i knew that he knew that i was jewish. i wanted him to know that i knew that he knew, and i said my father was a russian jew who emigrated to the united states. i believe the russian jews ought to go wherever they want to go, and there is a -- and there was a 50,000 limit at the time on russian jews who could come into the united states. in the course of an hour and a quarter discussion, it was a substantive talk. and i came back and told a number

senator shelby last week decided to put on hold on everybody because he did not get a couple of earmarks is obvious that was not such a good idea. he pulled back many of those holes. the president said clearly the situation we have is quantitatively and qualitatively different than it was a the beginning of the administration. if it did not change, the president would use his power for appointments. >> was there discussion about becker? >> there was not a discussion about any individuals. the president discussed those who had been lying over for more than a month. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> former president bill clinton was taken to a manhattan hospital late this afternoon after complaining about chest pains. according to his adviser, president clinton had two stints inserted into his coronary artery. a bipartisan group of senators led by john mccain called for new human-rights sanctions on iran. the bill would target specific individuals in iran accused of committing human rights violations. this is

guest: last week senate dodd announced he was at an impasse with senator shelby, and it's not a goody can get an agreement that could roll into a larger package. host: one last caller. caller: my comment is straightforward. i can't be more blunter. i noticed throughout the years, every time there is a republican in office, this country goes downhill and no jobs. and when democrats get in, there are plenty of jobs. and it seems to me people are forgetting who created this problem in the last eight years and trying to put the chain on obama's neck and it's not right. host: final thoughts. guest: in terms of who is to blame, there is a lot of blame throwing. obama has not forgotten, he mentioned that he inherited a rotten economy. and gets from republicans that he's been in office for a year, and it's time for him to take responsibility. both parties have their messages they are trying to get out on that. and if you listen to that, maybe they won't get the bipartisan job bill. host: thank you ian swans -- swanson. we can barely see through the snowy hill, but our guests are coming. our

i would suggest to you that one of the things that we have found in shelby county is that 60% of thesident to show the county commissioners that are not even being run by any republican conservatives. average citizens have not stepped up to contend with those things. if it is really grass roots, it is a leadership role in which you can influence policy. you not always have to be congressmen or senators of the united states. it begins in your community. helping people achieve those efforts appeal local level, alternately, i can assess their effectiveness and their character and values that we want to embrace. you do not need to be a full- time employee. most of them are part-time jobs. get your feet wet. you can experience government. this is a process by which we legislate and represent our people. policy is the process by which we make our voices heard. as we have done here, we recruited a woman who is running in a largely democratic area. she is running as a conservative candidate. those are things that we need to do. ultimately, you may not know how to run a campaign. you may not

the doodd and shelby teams broke down thursday night. that is where both sides are.i feel like there is no reason the we cannot go forward. is a question of whether you want to try to get to no or fly against a yes. that is what i have been standing. if we cannot pass a bipartisan regulation bill, i do not know what we can pass around here. host: you can see the entire interview with senator corker on "newsmaker" tomorrow morning. it is also available right now online, c-span.org. back to the phones. dallas texas, republican. welcome to the show. sorry. hold on. are you there? go ahead caller: republicans cannot stop anything. they did not have the votes. they were inside the democrats. i do not know where these democrats are coming from when they say republicans stopped legislation. if they could not. they did not have the vote until scott brown can along. then all of a sudden obama went to meet with republicans and have open meetings with republicans. it is because of scott brown. this is a pony show for obama to work with the republicans. i do not think he will ta

reid on bills and nomination using legislative processes that allow them to filibuster host: senator shelby president obama boston -- he said he will lift some of them. guest: it sounds like he is allowing them to go forward. it does not necessarily mean all of them will get through without having another filibuster in place. other members have holds on other members, individuals on that list. his was a little extraordinary in that it was a blanket hold on allç the nominees. i think he came under a fair amount of pressure from republicans and democrats to lift it. and he sort of said, he got the attention to the issues he wanted so he can lift it. host: did he went out on the issues? did he get what he wanted? guest: i don't think he got what he wanted. he got closer to what he wanted. often members would use it for that purpose. olympia snowe has used holmes in order to force an agency to give her information about something, to explain a policy, or promise things to her. she is one of the more bipartisan minded members of the senate. it is a fairly common practice. host: florida, stephen

financial reforms -- >> senator shelby was working together with us on financial reform. >> they have not been brought in for the process. now there be here -- they are being brought in on the 25th again. is this the white house saying that we should involve republicans all along? >> we're paving the road again to bipartisanship. >> a greater effort to involve republicans? >> i do not think that is true. i cannot tell you the number of times that the president talked to republican senators trying to get the finance committee to come to an agreement. many, many times. it is quite revisionist to think that somehow -- and this summer, they're all of these questions of trying to get to the finance committee and that the reform. we spent hours and hours, many conversations trying to rip retract -- trying to bring republicans on the finance committee along. susan collins did work constructively and we were working constructively with her. [unintelligible] >> the entire reform -- whether financial reform, the republicans feel they have not been brought into the process. the white house seems

in shelby county, wayne trail technologies is creating a better battery for hybrid vehicles.aided by her jobs bill, energy projects like these are in the works all across ohio. our electricity reform bill prevented the kind of skyrocketing rate increases of 50, 60, 70% that crippled so many states that failed to act. instead, ohio wednesday 10% less for the city than the national average. and i've reform bill, and establish reliability standards that are essential to ohio's companies. dupont officials testified two years ago that they would not expand their circleville plants because their electricity service wasn't dependable. but just last week, just last week, dupont announced a $175 million investment to retool a facility, a facility that once made components for vcr tapes and they're turning that facility into something that will make film for solar panels. [applause] the company credits are energy reforms, with making ohio a better place for them to do business. now we are rapidly deploying federal stimulus funds to advance $500 million in projects, supported by an arra

last night, richard shelby put a hold on every single nominee of president obama, some two hundred officialst he could get to pork barrel projects in alabama. that does not seem democratic. it is something that needs to be fixed. guest: this is the classic example of the two party thing. during the bush years, the republicans were complaining about the democrats in the senate blocking nominations. we talked about having a new gillis solution. now, the tables are turned. host: we were up for abolishing the filibuster then, too. guest: you complained about the procedure when it works against short interest. this is all conditional. there is no constitutional requirement. when i was with ronald reagan, it happened once in awhile. under bill clinton, it happened more often. under bush, even more. it has been growing. as to his first point about whether i was inaccurate in assessing the president of the problem, we will find out. i think that liberals who support the president may be drinking a little bit of their own kool-aid. the public wants more action on their agenda. i hope the president, a

sorry, sirius b g shelby township. caller: -- sorry, here he is, shall be township.s able to go to the bank and combine my mortgages to a lesser payment, but it would not let me do it is because i did not have 20% equity in my home. this is frustrating, i at that -- i have heard nothing about this problem. hundreds of thousands of people could better their payment for lesser, but they are not allowed to refinance because they do not have 20% equity. i think that is a big hole not for some people. guest: absolutely. currently the banks are very stringent about what they are providing. their capital situation is beginning to include many of the banks in the recovery process. it is a matter of time before more financing opportunities are available. right now we have rock-bottom mortgage rates. in a situation where we will have very little equity, people under water in their homes. meaning that the value is greater than the outstanding loan. the government is putting some effort in to provide guidelines and make it easier for people refinance. particularly with the loans

. >> i am shelby williams, president of the peace center and i ron 37 students hear from israel was youhave heard from one and we have been debating with the variety of different people about the issue of the sources the terms of inspiration. the question has arisen to what extent will a settlement between israel and palestinians affect the central message? ai no bin laden changes his message but his recent concern about global warming doesn't seem to resonate quite as much as perhaps the anti-israel the message would be. in terms of the importance of the settlement of the issue how do you drink it? there is a feasible partial solution xm dingley gaza strip. how do you view this issue has a big issue in fighting terrorism with a terrorist message? >> i think the settlement in the middle east and passed between israel and palestinians would be a good thing and certainly would move some of the grievance for some people but i think it is a mistake to believe that there is any solution that is going to take this issue off the table. again i return to the ideology in question. the source of

, senator lugar, senator mcconnell, senator murkowski, senator roberts, senator sessions, senator shelby, senator snowe, and senator voinovich. all of it a government massive entitlement program run out of washington. big government, big bill, not paid for, and not one word about it needing to be paid for. and we fast forwarded. that's a big part of our deficit. by the way, we've now figured out on medicare-d that we transfer a whole bunch of taxpayer money straight to the bottom line of pharmaceutical companies. i wasn't here then, but i'm sure the senator, maybe you can enlighten me. my recollection is that the biggest people in favor of medicare-d was pharma. mr. durbin: i say to the senator from missouri, she is correct. it was their belief they would make a lot of money -- mrs. mccaskill: they have had made a fortune on the backs of taxpayers. mr. durbin: those who formed some type of competitive bidding, some type of government buying in bulk to reduce costs were defeated. mrs. mccaskill: that is my recollection, senator, that in that bill they even outlawed the ability of the gove

he could not get richard shelby, the ranking republican, to work with him.from this senator from texas -- corker from tennessee. who has indicated a willingness to work on a bipartisan basis on this legislation. the house has passed the bill. if the republicans want to filibuster a bill on trying to regulate financial institutions after what we have gone through, if i were being called in to advise them, i would think that is not a good idea. they have not asked for my advice, but i give it to them anyway. >> there are a number of cards and questions that came in about the attitude of the democrats. and they had words in them like -- week, why not stronger? i think this is addressed to both the congress and the senate and be administration. >> i have heard people say, president obama was wrong in his approach. he should have said, this is what i want. he should not have waited for the senate to negotiate its proposal. he should have said, we have got to have the public option. we have got to have it this way. this is my proposal. vote on it. well, he could h

financial reforms -- >> senator shelby was working together with us on financial reform. >> they havebeen brought in for the process. now there be here -- they are being brought in on the 25th again. is this the white house saying that we should involve republicans all along? >> we're paving the road again to bipartisanship. >> a greater effort to involve republicans? >> i do not think that is true. i cannot tell you the number of times that the president talked to republican senators trying to get the finance committee to come to an agreement. many, many times. it is quite revisionist to think that somehow -- and this summer, they're all of these questions of trying to get to the finance committee and that the reform. we spent hours and hours, many conversations trying to rip retract -- trying to bring republicans on the finance committee along. susan collins did work constructively and we were working constructively with her. [unintelligible] >> the entire reform -- whether financial reform, the republicans feel they have not been brought into the process. the white house seems to b