um, so we weren't skeptical. it was ridiculous.ut at least it was kids singing songs, it was nice, it was a nice sort of homespun feeling and it had an educational element. so we tried it. he would just kick his legs and his eyes would get really wide and he would watch it. and they were singing songs and they flashed words on the screen and at one point, i thought he was just memorizing the order of the words on the screen 'cause he had seen it so many times, and he read everything. it was amazing. ...what's this? >> teeth! >> teeth, good job. >> keys. >> keys... good job. >> what's that! >> what's that? >> monkey. >> monkey! ...your baby can read is so much more than just the reading aspect. >> mozart. >> mozart. >> there is nothing that he doesn't want to learn more about. and that includes sports, so, you know, the next thing i know, graham is obsessed with soccer and baseball and he's outside hooting hoops and it's... he's incredibly well-rounded. so ridley's right there now, we're sort of learning about what he's into. ...wha

there have been three rounds of sanctions that have not changed iran's behavior, so there is skepticism from china on that point, as there is from other countries in the security council. there has been concerned about iran's behavior. china and russia have been in particular trying to get iran to go along with the proposal that the six had proposed and that iran was trying to change, so there is a sense that china does want a solution to this problem and therefore is engaging substantially diplomatically, the sanctions are a different question. even if china does agree to sanctions in some form as well as russia, it is believed that the resolution itself would probably be quite weak, and the argument for it is if there is a week -- weak sanctions with a lot of support, that might set the groundwork for tougher sanctions from the european union. >> thanks for that. this week, we have been looking closely at how crucial an issue water is becoming across the world. in southwest china, millions are running desperately short of fresh drinking water. our world affairs correspondent family bu

the public remains skeptical. >> president obama plans to sign an executive order later today that will ban federal funding of abortion. it supports an existing law. itas part of the deal he did to get support of the final health care bill. >> more trouble for a former wizard's store. gilbert arenas is accused of trying to cover of a confrontation. this comes daisy for he is opposed to the sentence for gun charges. we are joined live with the details. >> good morning. it is part of an initial plea agreement. prosecutors agreed to ask for less than six months in jail for arenas. they will be asking for at least three months of jail time based on what they call a cover-up and his behavior. >> what really happened inside of the locker room december 21? >> it is just that when our young people get so involved themselves. >> a sentencing memorandum revealed he gave conflicting accounts as to why he had for firearms inside the center and whether his teammates was involved. they got into it following a fight in mid-december. they both brought guns into the locker room. >> prosecutors say they

. >> and even a skeptic's mind can start to play tricks on him. a feel a presence rush by me. >> reporter: he is on a show that stick laments the sort of out of body experiences that people click chopra call proof of the divine. >> i'm doing the wrestler thing, right? >> reporter: while these two guys have never met, they've been feuding for years. >> we put deepak on the cover. >> reporter: shermer put chopra on the cover of his magazine, calling him dr. woo-woo. >> what does it really mean to say there's quantum consciousness. >> who is the i that's skeptical? is it you? >> reporter: but it was this live via satellite oral on cnn that was the last straw. >> i'd like to have a one-week debate with the skeptic in front of a live audience. >> not tonight. >> you're on! >> reporter: the debate was set, and it would be the first time they'd ever met in person. and they invited us to film it. how are you doing? >> i'm good. >> reporter: shermer chose this man as his partner. >> does god have a future? yes, as a charter in fiction. >> sam harris, one o

president obama it's the road today looking to sell the health-care overhaul to a skeptical public. he is going to arrive soon in iowa. th is is first of many appearances across the country. he will make them before the fall election. some democrats are accusing republicans of fanning hostility in the wake of their health care defeat. now this report from abc. >> the climate inside the

critics say they are skeptical -- 250,000 by the end of the year. critics are skeptical. our reporter has the bloomberg business report. >> more trouble is brewing for toyota. faulty electronic component in the corolla and matrix may cause engines to shut down. it is assessing the issue. it has not decided whether or not to recall the cars in yet. the dow climbed to the highest level since october 2008. legge mason helped the maryland index. sandy spring is offering common stock to repay its tarp fun. it may be ahead of the curve when it comes to paying back taxpayers. hundreds of smaller banks around the country have not returned any of the bailout money. a government relations summit is being held. less of us are traveling south of the border with violent clashes between mexican drug gangs and an employment here at home are reasons. i am reporting for wbal-tv. >> another check on weather and traffic straight ahead. >> stormy seas put a damper on a competition that was already challenging enough on an australian beach. >> do not forget to e-mail us your answers to the wa

>> i've been fighting skepticism all along. and again, when we compare the previous markets, the market that comes up as the best parallel on a market basis is 1982. and one of the points that we've made to our customers is a fascinating article that appeared in october 1982, "the new york times" where they quoted about a dozen of economists friends, none of whom saw an expansion. the feeling was, one or two more quarters and they were going to dip again. and as you know in '83 and '84, we averaged well over 6% gdp each quarter. >> actually, it was closer to 8%. i was in washington those days, working for the giper. >> we had 20% interest rates in 1982. they came all the way down for the next 20 years to record lows. we also had tax rates that were falling. we also had debt to gdp that was nowhere near where it is today, we're at an all-time record of debt to gdp. yet each decade that we have increased our debt to gdp, we have had diminishing returns. >> okay. all right, big guy. all these bad things, i agree. higher taxes, hig

. >> still skeptical. >> i am skeptical. as a matter of fact, i became more skeptical yesterday watching a rally on nothing, and i still -- i'm still holing to my bearish stance. i'm not like a huge bear like i've been saying, but i definitely think the market's way, way ahead of itself now. i think this is a beautiful time to short a little bit, get short, and i'm positioning for the summer because the market will come back in. i do think at some point we probably will test 1,150 on the s&p probably today and tomorrow, and if there's some bad stuff coming out of europe regarding, you know, greece's debt, portugal's debt, italy's debt, could be -- we could see a little bit of a sell-off in the next couple of days. >> maybe the market is pink floyding you. you're just another brick in the wall. >> yes. >> of worry. >> well, someone has to whistle and somebody has to, you know, make america see that we are -- we're going down a path of bubbleness. >> bubbleness! >> bubbleness. it's not the chinese market, but we're definitely

some of them were skeptical. so, he gets the risk and takes the biggest risk of anybody in this that i write about largely because he had more downside when it comes to the stuff come he was making a good living yet he did the trade any way. excuse me. so those are the people that should have done it in the den, i guess one of the things i've come to the conclusion to that wall street talks a big game about being a contrarian investor, their books written and they are not contrarian at all. people jump on trades and that's why i think we are in an age of bubbles where a hot treat this communicated much more easily than ever before, and sort of a separate topic but we are in this period as an academic he would think markets should be becoming more efficient over time, not more inefficient. you've got more information, more plan investing i should say and slip of the tongue. you'd think things are becoming more efficient and he would have fewer bubbles over time, not more, and yet he has documented i think she tell

i was pretty skeptic about how it would be realizable in ten years. >> reporter: others like this farmer had already tried renewable energy. >> it isn't working. >> reporter: but civic leaders hit the road. and with the blacksmiths' help convinced 450 residents to invest in wind power. birgit bjoernvig was one of those leaders. >> and the farmers understood that they could make money with the conditions that they were for producing wind power. and that's not bad thing for the farmer either. >> reporter: so they formed a cooperative and put up two windmills. the wind was strong. and the government's rates on power were good. private investors put up four more mills. the municipality put up another five. these first 11 mills not only produced more electricity than the entire island consumed, they paid themselves off in just a few years. and with those new profits, the islanders agreed to reinvest in more renewable energy. >> this is the district heating plant. it's based on straw. this straw comes from the farmers on the island. the straw is chopped up here and sent into the other room. >>

there were a lot of people who were skeptical. so why was it they that came up? one of the reasons is they were -- some of them were a little late to the game. and that can help. so, you know, good fortune here is important as well. so there were investors who put on this trade who bought credit default swaps, this insurance on subprime mortgages than and they bought it in 2003, 2004, and nothing happened. and their bosses got upset. and they took the trade off or they took the trade off themselves and their investors got upset and their clients weren't thrilled with it. they were losing money. and other people bet against home builders or tried to come up with another way to bet against housing.÷wt and there weren't a lot of great ways. there were -- if you bet against, let's say, a home builder, it didn't really work for a long time then even if you were convinced that eventually it would work, there was a lot of consolidation in that industry and maybe the one you bet against would actually end up doing pretty well and there was that danger and a lot of times

it's good for the people who get it and he would be skeptical about its value.he most important lesson also the size of government is a concern in terms of the power of the state. the question is what are they spending? sam print of smith was an advocate for the government doing things people couldn't do for themselves. people are not going to buy lousy cars for themselves. the government has to do that for them and that is an enormous mistake. >> guest: we have about five minutes left with our guest. in chicago a philosophy professor of the university of illinois at chicago and russell roberts an economics professor at george mason university, a discussion about adam smith and the wealth of nations. kansas city missouri. >> caller: thank you for taking my call. i love watching booktv. i watch all weekend. i tried to read adam smith at do times. i was on a will, i don't want to see comprehend but it appears some of the undermining in this book is the consumer it's almost consumer driven market as it should be, the merchant should tailor their products so the con

with this health reform... >> i'm skeptical. it... i don't think we have enough answers. >> reporter: ...both swartz and his wife theresa expect their premiums to keep jumping. >> someone's going to pay for it for the uninsured to be insured and i just don't want it to be the middle-class. >> reporter: david griffin knows he'll pay more. his family built this demolition company, but his higher income faces higher taxes. >> we've been successful but we don't feel we should be penalized the more successful we are. that's not the american way. >> reporter: this company is in the business of change. of tearing down and starting over. but no one here is sure this health care reform is change for the better. mark strassmann, cbs news, greensboro, north carolina. >> smith: our user's guide to health care reform will continue tomorrow. we'll look at how it's supposed to control costs and the impact it will have on small business, older americans, and hospitals. coming up next on the "cbs evening news," freedom on the internet. google in a fac

of skepticism and as a journalist a historian writing it is one of the toughest targets there is. people are actively trying to keep information from you. it is built on a craft of keeping secrets and deceiving people. you're looking for truth and facts it can be challenging. imagine you are a theater critic. and you are to cover the opening of a new play and you take your sepracor lights go down and the play begins but the curtain never goes up. you hear footsteps, people moving you hear somebody bumping into a sets and lights moving and occasionally somebody bumps the curtain and you get a peek sometimes somebody comes out and leans over on that apron and whispers says i am not supposed to tell you what is going on but listen purpose of a comes out and says i know somebody said they thought they know as coming on but that is not going on at all. we will not talk about behind the curtain. this is the world we live in as reporters constantly grabbing parts of the story then go back and taking the step back and trying to fashion it into a narrative. with 2005 and 2006 i was doing a

the public still remain skeptical. he may have to sell this new law. >> thank you. president obama does plan to sign the executive order later they get federal funding for abortion. it supports an existing law. it was part of that deal. it is to get support for the final health care bill. >> a cover-up controversy is the latest twist in a scandal surrounding gilbt aras. the point latex message that he allegedly sent to a teammate. it proved to try to pressure his teammate in to cover up the locker room confrontation. he will be sentenced friday for bringing guns to the verizon center. >> the georgetown campus is on alert after another student was robbed. it happened yesterday rning. a student awoke to find four men stealing a personal belongings. there have been through similar instances involving students at howard and george and university. the police have not made any arrests. >> investigators of the thing for the man that shot a man last night. the.c. the victim was shot in the leg. investigators are looking into whether this violence is gang related. there is l

i think there's some skepticism there but i am actually skeptical about a lot of kurzweil's views but i think the potential forever accelerating growth is there. one of the people that we interview in our book would i think -- i could be mangling his name -- he would dismiss any concern that china will displace us because if china does come up with new inventions, his analytical framework says we will adopt them much more quickly. he talks about the role of venturism consumers in producing growth. that you shouldn't just think of the lone heroic entrepreneur, steve jobs, as being the promoter of growth. it's the fact that there's so many fools out here who are willing to try anything steve jobs puts out and try to make something useful out of it. that, in fact, make us is faster growing country and from that point of view any innovation that a comes from china is not a threat but an opportunity. >> yeah, just a couple of -- to re-enforce a couple of those points. yeah if there's a model it's trial and error. and i'd extend that to point out if you want to introduce us to a policymaker

maybe a little bit of culinary, column b., skepticism. what this reminded me of talking as this was taking shape is people often have a great deal of skepticism certainly about what they read of the intelligence community and what's really going on in this world are at and as a journalist and a story about writing the intelligence domain, this is one of the toughest targets areas. when you're talking about an area in which people are actively trying to keep information from you. this museum is there much devoted to a tradecraft that is built on keeping secret and on deceiving people in many cases. so someone who is looking for truth and facts nectarine can be quite challenging. to put this in some sort of perspective, imagine you are a theater critic. you're a theater critic in your editor has his annual to cover the opening of a new play. and you walk into the theater and take your seat and the lights go out in the play began, but the curtain never goes up. you hear footsteps behind the curtain, people moving around from you catch that s

o'malley is skeptical about them. he says the signs should not be used if they are a distraction for drivers. he said it should only be used for traffic rerouting or safety information. that brings us to our area -- watercooler question of the day. do you think overhead signs providing real-time traffic updates is a distraction? email us your response to watercooler@wbaltv.com. >> we could learn more about what is in the final health care reform bill. democrats are preparing for a vote soon. our washington bureau reporter has the latest. >> today was supposed to be the day of the vote. democrats say it is likely to happen sunday. >> perfect climate for us to pass a wonderful bill. >> they have the details of the latest bill that could be posted as early as today. they want to make health care more affordable for the working and middle class. prescription drug coverage has a doughnut hole that would be fixed. >> we can get this done. >> democratic party leaders hope to pick up ground after getting a key vote from a con

president obama it's the road today looking to sell the health-care overhaul to a skeptical public. he is going to arrive soon in iowa. th is is first of many appearances across the country. he will make them before the fall election. some democrats are accusing republicans of fanning hostility in the wake of their health care defeat. now this report from abc. >> the climate inside the capitol building is tense, in part because the senate is sending the fixes to the health care reform law back to the house. two provisions dealing with grants for low-income college students have to be removed from the legislation, approved by the house, then sent back to the president. there are not just protests. >> we are tired of what obama is doing to our country. but he'>> he is trying to take n private property. >> several lawmakers have been threatened. xbox congressman's tupac, >> you baby-killing mother-[bleep]! i hope you die!" -- congressman stupak, you baby killing mother bl--, i hope you die. >> words have paula. they are received differently by people in an emotional state. we have to t

i will be a skeptic with you.just as i would be skeptical of my own interrogation force and whether we have adopted good methods. because we have a checkered past now and i think it is good to be a skeptic but i don't think being a skeptic toward mending some people use bad methods, that there are bad actors within an organization, that we shouldn't go on and praise when they act in a good manner. the coast, as i was taught very early on as an officer in the military, you don't fix a broken wheel by complaining about it. you fix it by coming up with a solution. and so, in my book i made a conscious decision not to write about the times when i witnessed people bend or break the rules. because they knew that if i did that, everybody would read my book to read about torture and it would be talked about like an abu ghraib scandal. what i wanted people to focus on is how do we improve the methods , how do we do things right, what are the success stories? that is why it wrote about it. i am aware that people have concer

she says -- she faced a skeptical audience. settlement was undermining any progress in the peace talks. it seems to undermine the trust between the u.s. and israel. joe biden was in israel 10 days ago when the government announced the settlement expansion. benjamin netanyahu is now in washington. his public response to mrs. clinton's speech will be telling about the direction that israel's government will be taking. diplomacy is only one way to go. demography is not working in israel's favor. >> given the the reality, eight two-state solution is the only viable path for israel to remain both a democracy and a jewish state. >> she ran another alarm bell. >> we must recognize that the ever-evolving technology of war is making it harder to guarantee israel's security. >> whether it is rockets like these are fired by hamas or the threat from hezbollah and iran, she insists that they make peace because america may not have the ability to protect it forever. >> the reform of american health care has divided u.s. political and public

i'm just a skeptic so i don't necessarily believe that anything is going to work but i was like, hey, this actually works. (announcer) only rogaine foam is shown to regrow hair in 85% of guys. i'll check it out and i'm like, nice. (announcer) rogain foam. stop losing. start gaining. it can take so much out o of y. i feel like i hav o wiwind myself up just to get out of bed. then... well... i have to keep winding myself up to deal with theadness, the loss of interest, the trouble concentrating, e ck of energy. if depression is taking so much out of you, ask your doctor about pristiq. (announcer) p pristiq is a prescription mecine proven to treat depression. pristiq is thought to work by affecting the levels of two chemicals in the brain, serotonin and norepinephrine. tell your doctor right away if your depression worsens or you have unusual changes in mood, behavior, or thoughts of suicide. antidepressants cacan increae suicidal thoughts and behaviors in children, teens anand yoyoung adults. pristiq is not approved for children under 18. do not take pristiq with maois. takaking pristiq

politicians, just like a lot of americans are skeptical about politics and politicians right now. because my working assumption was, you know, when push comes to shove, all too often folks in elected office, they're looking out for themselves, and not looking out for the folks who put them there. there are too many compromises, that the special interests have too much hour. they just got too much clout, there is too much big money washing around. and i decided finally to get involved because i realized if i wasn't willing to step up and be true to the things i believe in, then the system wouldn't change. every single one of you had that same kind of moment at the beginning of your careers. maybe it was just listening to stories in your neighborhood about what was happening to people who had been laid off of work, maybe it was your own family experience, somebody got sick and didn't have health care and you said something should change. something inspired you to get involved and something inspired you to be a democrat. instead of renning publica runn republican. somewhere deep in y

among skeptics, as soon as america's security concerns are sorted out in that region, the americans will go home and never be heard of again, and the americans are very key to persuade the pakistanis that they are around for the long haul and to say that this relationship is getting bigger and broader and deeper, so agreements on fast tracking sales and energy and infrastructure, a building of a diplomatic mechanisms between the two countries, -- the building of diplomatic mechanisms between the two of your countries, is bigger than just tackling al qaeda in pakistan -- between the two countries. >> are they likely to get that in the long term? >> what we did see is an agreement on rehabilitating a load of big firms plants in pakistan to try to ease their electricity crisis there -- a load of big plants in pakistan. starting to state to pakistan, a country that has been at the forefront of proliferation of new kidder weapons in ukraine -- in recent years, that we're going to go ahead with some big nuclear partnership -- a country that has been at the forefront of proliferation of nuclear

i'm just a skeptic so i don't necessarily believe that anything is going to work but i was like, hey, this actually works. (announcer) only rogaine foam is shown to regrow hair in 85% of guys. i'll check it out and i'm like, nice. (announcer) rogain foam. stop losing. start gaining. at a national drugstore. but at walmart, the same $10 can buy so much more. ♪ more easter in your basket -- that's worth hopping in for. save money. live better. walmart. 's. >>> shame on us. same on this body. shame on each and every one of you who substitutes your will and your desires above those of your fellow countrymen? >> house minority leader john boehner gave an impassioned speech before the health care vote yesterday. that was an example of the tense atmosphere on both sides of the isle last night. republicans are warning they will make democrats pay dearly come november's midterm elections. meanwhile gop helped rally tea party activists to make noise outside of the capital. at times that got out of hand. some of the people shouted nancy will burn in hell for this, referring to house speaker nanc

left the white house this morning, heading to the midwest to sell his health care reform plan to a skeptical public. he speaks today in iowa city, iowa where he first campaigned for health care reform three years ago. as the president left washington, his allies on captiol hill were pushing through round two of the health care reform plan. republicans found problems with the so-called fix it bill and they are sending it back to the house for another gop. the gop searched for this hoping to bring it down. >> we fought on behalf of the american people this week and will continue to fight until the bill is repealed. >> reporter: top democrats think it will be on the president's desk in the next couple of days. the heated debate triggered concerns over the safety of lawmakerrers and their staffers. capitol police and the fbi are investigating threats of violence against members of congress who voted for the bill. >> we need to be careful in public life our rhetoric does not turn in to inciteful violence or violence acts. >> reporter: he announced he'd support a voice mail and received threatenin

we are skeptical the notion that they're on their own without a staff or technical director and cannot influence china, vietnam, indonesia, or even three -- turkey. just save the new markets and allow people to communicate. we are waiting for the senate, the obama administration, to act. we are hopeful that with their employment that we can succeed. the most popular place for that energy, talk about how new our public policy is, i am one of three people and unfortunately i cannot be flying all around the world to open these markets. i have to do it from here in washington. we have met together to talk about these issues months before the hearing. google, microsoft, other companies like that, in order to do business in china had to make a very difficult decision. in response to the inquiry we said the opposite. weather is a lot in place, where there is a report from one of our producers going back to a company regarding infringing content, we work with the law of that country. let me give you a concrete idea and how it is different from the center ring discussion that was taken to mean.

. >> some conservatives seem to be skeptical about how serious romney is about whether he regrets theetts health care plan. >> mitt romney is a talented politician, and so it's somewhat mallable, shall we say, in his apparent core beliefs. but i don't know how he quite slips out of this one, and i think there will be skepticism about how serious he is about, let's repeal it now. >> and how much does the fact that the scott brown victory, it will happen in massachusetts, it centered on health care, and yet he's got to explain his way out of it? >> he shouldn't try and explain his way out of it. there are only so many chances you have to reinvent yourself. can he not run away from health care. and authenticity is going to be key. it's going to be the same in 2012 for the republican candidates. so he has sort of a credibility question about himself if he's abandoning a centerpiece of what he did. >> chris matthews returns tomorrow after marrying off his son. "countdown" with keith olbermann starts right now.

investors are skeptical that the government can get the economy growing. and unless it can get the economy growing, it's going to be impossible to put public finances on a sound footing. >> reporter: fear now, however, a greek singer puri will chip in, donating her pension earned when she served as an nep to the country she loves. the harmonious and then to a very difficult week. the greek >> sreenivasan: the greek prime minister, george papandreou, comes to washington next week to meet with president obama. we'll have an interview with him, on monday night. singapore has raised its terror threat level after warnings of a plot to attack oil tankers and other ships off its coast. the warning focused on the malacca strait, one of the busiest shipping lanes in the world. millions of barrels of oil pass through every day. the government says it's increasing security at border crossings, airports, sea ports and other high-risk targets. british prime minister gordon brown insisted today the decision to invade iraq was justified. he testified in london at a publi

this triggered, you know, some skepticism by the justices. justice ginsburg, for example, she said she didn't know that there was any mandatory rule that you had to change the jury-- the trial location when money was involved. that was the charge, and not life or limb was the charge. and the attorney said that people in houston viewed this almost as akin to terrorist attacks. it was that serious. >> warner: now what did the attorneys for the government argue? >> the government was represented by deputy solicitor general michael dreebin. and he said this trial judge, he had 15 years experience in selecting jurors, that he understood and did not ignore the impact of the collapse in houston. and that he devised a very thorough questionnaire. and then he made credibility determinations, eyeball to eyeball when potential jurors answered questions as to whether they could be fair. justice brier, for example, he said he was worried here because there were examples of potential jurors who voiced bias and the judge didn't seem to think they should be

i'm skeptical that it will be the only issue people are talking about.y excited in washington when something's happening, we talk about it as if it will be the top issue forever. that was last week. we'll see in six months. i suspect it will be more economy and jobs. the question of sarah palin's rhetoric and fascinating one, time and again she's criticized for the way she speaks, yet she's able to define the dialogue, "hopy-changy" stuff. she talks about the terms and is then quoted smeep did that again yesterday. >> despite america's short attention span, sarah palin seems has sticking power. >>> a california teenager is calling on vice president joe biden to apologize for using a swear word on live tv earlier this week. 17-year-old mckay hatch founded a no-cussing club. he says biden needs to set a better example for the nation. the vice president dropped an "f" bomb tuesday describing the historic signing of the health care reform law. remember he told the president it's a big "f'n" deal. mckay says biden ought to be held to a higher standard. >> man

there will be people who will not come back to it, there will be perpetually skeptical. i will be angry, not just being angry old guide but say you abused my trusted. that was the heart of the business and you didn't fess up. i was really bad apparently toyota had a history of opening up in fixing whenever problems there were in the manufacturing, the quality and once that is lost of you have betrayed -- it's akin to an active bridge railing once people have arbitrate one of the worst things you can do to a person is to betray them. because that is all lost. we can have a long conversation about what if anything they can do to repair their image but that is another conversation. so this does stuff come back to prices. you don't solve the right problem. can you ever know exactly that you're solving the right problem? of course, not because presumably if you did he was all the right problem but nonetheless if you get a reading and it's all depending on your assumptions. but i find is assumptions have a half life. they decay over time. there's no set of assumptions that i k

there was skepticism. it's also tied to better economic outcomes.hink that they go hand and glove together that if you're going to be doing 3% gdp growth, to it wouldn't be unusual. when you ask what the reason is, traders say we were willing to take this over a period of time but not forever. we need to hear a plan and hear it soon. >> is tony still there? >> yeah. >> question. what was gdp at its highest level before the crisis and after this 5.6 jump, what is it now? just the number? not the percentages? >> the actual level of gdp around 14.5 trillion or so, we haven't gotten back the gdp we lo lost. we're hundreds of billions away. >> we're up 5.6. >> you're mikking a big mass take. don't look at the percentage rates. think of levels of activity. car sales were 16.5. now they're 12. housing starts 2.2 million in 2005. now a half million. we may return to higher levels but we're not going to those. don't think of growth rates. >> they need to spend more money to get us to those levels, right? >> we'll get to 2.2 million housing starts, i would li

eight long years in that country for the united states and 30 years of the afghan people, i remain skeptical that adding 30,000 u.s. troops and focusing more on local and provential governments will bring success in afghanistan. do i of course want our new strategy to succeed, and i know our military and civilian personnel on the ground will give it their supreme efforts. they represent the very best of -- this country has to offer. yet, afghanistan's history is repeat with outside powers attempting to take over or remake the half began people. from alexander the great, to beginning is khan, even to the -- to genghis kahn, even to us. by adding 30,000 additional troops to the 68,000 troops that we now have on the ground in afghanistan, we are adding approximately 100,000 additional troops with nato forces to go after some 27,000 taliban and a couple hundred al qaeda. by the way, i wanted to ask, was it the taliban or al qaeda people that attacked us on 9/11? i believe it was al qaeda. 15 of the 19 terrorists who attacked us on 9/11 was saudi arabs. interesting to note that. a number of thing

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in this country supports our troops but there is a sizable proportion of the population who are skeptical of rollback and does he feel with me

need to view some of the tips or finger pointing that is sent and given to our government with skepticism. the fact is that some informents may be motivated by spite or rivalry. but most are not. and it's just unacceptable in this case that the terrorist's father, not just his father but a respected business leader in nigeria was not considered a credible enough source for his information to have put his son on the watch list without corroborating evidence. so i hope to hear from our witnesses today how the watch listing process has been modified to ensure that this kind of error will not be made again. another watch listing problem i think concerns the screeng of individuals on the watch list who are not u.s. citizens or permanent residents. we are historically one of the most welcoming countries in the world to visitors. to immigrants, legal immigrants. but travel to the united states is a privilege, not a right. in my opinion, if the government concludes that there's any reason to believe that someone may have ties to terrorist activities, that person should be required to undergo seco

>> i think a lot of folks on the hill are skeptical. they would love to make that date. it would make their day. it is the first time they have made a deadline, but with the process of figuring out what both members can agree to, whether procedurally they can get that done, and taking it to a vote in two weeks, it is going to be very difficult. >> is there much anticipation about what legislation will reflect, or do we pretty much know? >> president obama picked up some provisions, so basically, we know. there are some specifics that many lobbyists are trying to figure out, but generally speaking, we know there is not going to be a public auction, and we know it is going to be in the range of what obama wants. >> how many people watching this as the years progress have noticed in a move from health care reform to help insurance reform of both of you were trying to explain why. can you explain? >> a lot of voters are angry. they're angry with the bonuses of aig executives. they are angry and their rates of increase. we were trying to tester on why health insurance executi

it is still possible to do big things in america, because it is still possible to rise above the skepticismo rise above the cynicism, to rise above the fear, because it is still possible to fulfill our duty to one another and future generations. this has been a difficult two years. there will be difficult days ahead but let us always remember that the lesson of this day and history is that we as a people do not shrink from a challenge, we overcome it. we don't shrink from our responsibilities, we embrace it. we don't feel the future, weak shape the future. that is what we do. that is who we are. that is who we are in the united states of america, god bless you and god bless the united states of america. thank you. [applause] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

so they're sort of skeptical about that.iated with things like the stimulus, they are really mind-boggling. if we divide the stimulus among all taxpayers, then the cost of the stimulus last year is about $8,000 per taxpayer. but about half the taxpayers do not pay taxes. but if you are someone who does pay taxes, if you have a positive number on your tax return when you mail it to the irs, your number is about to be double that. if we raise the money for the stimulus, aboard -- according to the distribution of the income tax that we now observe, for people within, of two hundred thousand dollars or $500,000 range where small businesses that have more money, their bill for the stimulus is enormous. for someone with an income between $300,000.500000 dollars, the stimulus cost will be -- between $300,000 and $500,000, the stimulus cost will be $41,000. one reason why we see a spike in the savings rate is the expectation of future taxes. some of them is that people thought it was picked in the cake. >> so people may not know the

in contrast, some are skeptical that the economy is even operating far below sustainable levels. they might argue that much of the drop in output during the recession is the result of the permanent reduction in the economy's productive capacity perhaps because certain financial market practices that had enabled additional investment have now been discredited. according to this view, the straw productivity growth of recent quarters continues to offset this decline in the level of potential output. the implication is that vastly less resource black exists. this would have a sobering evocations for forecast going forward, given the level of accommodation in place. -- the implication is that vastly less resource lack exists. >it is possible that longer durations and lower labour force attachment could reflect broader structural changes in the economy, such as a mismatch between the skills of the unemployed and those demanded by employers. there may be other impediments that currently prevent workers from shifting to the industries where locations where jobs are available, he might ha

i was skeptical about politics and politicians, just like a lot of americans are skeptical about politicians right now. my working assumption was, when push comes to shove, folks in elected office are looking out for themselves and not looking out for the folks who put them there. there are too many compromises. that the special interests have too much power. they just got too much clout. there is too much big money washing around. i decided to get involved because i realized if i wasn't willing to step up and be true to the things i believe in than the system wouldn't change. every single one of you had that same kind of moment at the beginning of your careers. maybe it was just listening to stories in your neighborhood about what was happening to people who had been laid off from work. your own family experience, somebody got sick and didn't have health care, you said something should change. something inspired you to get involved. something inspired you to be a democrat instead of running as a republican. somewhere deep in your heart you said to yourself, i believe in an america in which

in my mind that's always been this whole skepticism that i had around private equity. i said, you know, you've got great companies out there. why is private equity that much better? in fact, i would rather level up a company than go buy private equity. you're right. managing cash and navigating in a market like this is key for management. >> as much as we worry that china and japan maybe don't love us or want to buy our bonds what if china is saying, oh, stocks are a better buy now. >> that's my bottom line. you've got to go somewhere. we've got unprecedented savings going on in china. in fact, even in germany and other parts of the world. the money has to go some place. so it's just a matter of what's the most attractive place to be? >> is the market at these levels still attractive to you? we call it the melt-up and we have had a dramatic change from the bottom. do you find compelling valuations in the u.s. market? >> i do. i prefer u.s. over the world right now. >> wow. that's a minority view. >> yes, it is. you think emerging markets are done, right? >> one of the