comparing recent decades with decades before world war ii, the american economy did pretty well. 's the way the growth of our gnp fluctuated before world war ii. here's what happened from the 1950s to 1980. in real terms, the economy was more stable in the recent period. the suess of these policies undoubtedly contributed to recent inflationary tendencies and, perhaps more significantly, to the expectation of future inflation. by 1980, they'd created a general sense that the government would back down when it began to create recession and unemployment. people began betting on continued inflation. this made the government's task more difficult. the government had to act to break the back of these well-entrenched inflationary expectations. it had to fight inflation and a belief it wouldn't fight inflation that hard. expectations are important in economics. they made the task of monetary policy harder in the early 1980s. some economists have concluded that they make stabilization policy virtually useless. according to this new school-- the so-called "rational expectationists"-- only

. >> look, under kennedy we were spending 10% of the american economy on defense, it is now 3%, it will be the lowest since before the second world war. the assumption obama makes, i don't know if they he is a thir worldist or not, is if america withdraws power, they will go into the international institutions. those do not exist, they enforce nothing. so that is what you heard from obama and kerry after the invasion of crimea. it is american power supported by the west if it gets any support. otherwise nothing happens and otherwise into the vacuum come the bad guys, iran, russia, china in those islands and the south china sea. we will see it happening everywhere. the world knows it and they're scared to death.

why did these two events affect inflation and unemployment in the american economy? u.s. ety was besieged by the twin assaults of inflation and unemployment in the 1970s. why couldn't the government achieve significant success against the ravages of stagflation? in the late 1990s, the economy was booming. unemployment was at a 30-year low, and inflation was also at a 30-year low. did that mean inflation was dead? during the 1970s, the american dream threatened to become the american nightmare. for the first time, we were faced with skyrocketing prices and exploding unemployment. stagflation -- why couldn't we beat it? with economic analyst richard gill, we'll explore that question on this edition of "economics usa." i'm david schoumacher. schoumacher: since the passage of the employment act in 1946, it has been accepted policy for the government to fight unemployment by stimulating total demand. often, inflation resulted. when that happened, the government shifted gears and clamped down on demand in order to decrease inflation. for five administrations, the government more

. >> people talk about the challenges facing the american economy. can economy faces challenges of its own. but the mexican president seems to be making some big strides, winning some concessions from congress. exitingxtent that the economy thrives, to what degree does that help you code how helpful is that too el paso? -- to what degree does that help? how helpful is that too el paso? talk to us about the relationship between mexico and el paso. but that is a great question. a great question. as they prosper and start getting bigger, it creates more business for el paso, but also for the u.s. you have almost $100 billion in trade across the border annually. and it is not only for el paso, but the whole united states. crosses through our area and it is important that we continue to prosper and grow as our economy grows. >> sebastian, we talked earlier about geopolitics. there is a steeped relationship between mexico and america. to what degree do you think prospects for america and immigration reform are important for the american economy? >> to the a

what you have in the 20th century and recently is this fast socioeconomic change they really remade american society, the american economy and american culture and significant -- and. what you have is a new kind of america that takes shape that is increasingly devoted to consumer abundance, to bureaucratic definitions of work, to leisure and entertainment as keith to the peace lives. and in this world coming to your legs via private taurean self-denial seemed antiquated completely out of touch. i think you see a quite clearly in carnegie's own life is that the old hide down structures of character began to recede into the background and instead new sparkling images of personality began to take its place and it becomes central to a new code of individualism. what you have to say new notion out work character shaping of the healthy, magnetic, charismatic personal image rather than the old internalized the date of old fogies. the new charismatic personality is an crucial to your access in the new world self-fulfillment and bureaucracy and the consumer economy. and "how to win friend and influence people," kerr-mcgee capture

they have said we will crash the american economy if we get into a war. does not just conjecture. as well vladimir prudence said just recently when he invaded the ukraine and we said we will slap sanctions on you. his response was, you don't want to do that because i can crash a stock market. i connected financial system. i can dump the dollar. the very things that i wrote about 2008 and then covered in a game plan. game plan and says okay. if that's what they intend to do what would you as an individual american, i should you protect yourself? what are you saying? you invest, put everything in gold, silver? what do you do with your money. >> as a money manager today are you in the stock market? >> i am. in fact the stock market performs pretty well. i have with me that i carry zimbabwe currency. that is from 1998, zimbabwe was producing $100 bills that you could exchange a thomas cook for $20 u.s. now flipping over. that's what they were producing in 2008. the currency collapsed. those were hundred trillion dollar bills out with 1 penny. despite the fact occur is a completely coll

and so the unintended consequences of his economic policies have held the american economy back big timewants americans to make as much money as possible and the way to do that is with the private sector. salaries rise because there is competition. that is you how overcome income inequality. >> we heard from experts that something like this will not take place until later in the here. but that is the memo. >> it is difficult to manipulate salaries. companies will find other ways to continue to keep things in a way that benefits them. so this is a really tough issue. coming up right here, stunning new claims about princess diana. what a former british newspaper is saying about her handing over a lot of information during her nasty separation from prince charles. plus this: >> my 9-year-old niece knows the rollout was bad. then they worked on let's fix what is broken and keep what is working, no substance behind that, just rhetoric. >> anger over obamacare help to lead to a big in for be republicans in florida, but karl rove says don't pop the campagna yet. why he is warning that he thinks

from a decade of hunger and deprivation, the american people cheerfully loaned dollars by the billions to their government. as the war intensified, the economymed. 15 million americans went to war. 66 million more went to work. for the first time in 10 years, americans had money to spend, but little to spend it on. not only were luxuries unavailable, but such basics as housing were hard to come by. all construction was limited except by license. the production of cars and other durables was totally eliminated for the war period. in other words, there could be no private investment other than that required for the war effort. and the result was that if the government had not borrowed these sums that were being saved in the community and not invested, the result would have been not full employment, but another depression. schoumacher: government tax revenues increased dramatically throughout the war, but government expenditures increased even more. by the war's end, the federal government had borrowed almost $200 billion, a quarter of it from private individuals, most of the rest from the banking system. the deficits were huge. and the nationa

he could have been talking about the jeans craze or the american economy. ces, but these curves never stay put. one year the demand curve for jeans shoots way up here. later, people tire of jeans or find substitutes. bango! back down here again. people's tastes change. their incomes change. the availability of other products changes. these factors shift the demand curve. on the supply side, when oil prices zoomed up in the 1970s, for example, that affected the costs of all sorts of industries that used oil as an input. their supply curves shifted up. businesses find new, cheaper technological devices for producing their products. the supply curve shifts down. there's a lesson in all this. the law of supply and demand is really more a way of analyzing the deep, underlying forces affecting the prices of commodities than of determining prices in any rigid way. all is flux in economics, a field that's sometimes frustrating, always fascinating. the price of clothes, fuel, even water are all influenced by the laws of supply and demand. "supply and demand" now soun

that they will crash the american economy. t is not conjecture that is what vladimir putin said recently when he invaded the ukraine and said we will give sanctions he said you don't want to do that because i can crash your stock market and hack your financial system and dumps the dollar. what i wrote about in a game plan it said that is what they intend to do than what would you do to protect yourself? to put everything in gold or silver? what to do with the money? >> as a money manager today are you when the stock market? >> i am. in the currency collapse it performs very well. i carry zimbabwe currency with me. that is from in 1998 they printed $100 bills in exchange for the $20 u.s.. this was 2008 those were $100 trillion bills not worth 1 penny but despite that fact the stock market did well into as the best performing stock market in 2008. of the currency collapse happens you don't want to avoid stocks. is deflationary happens you want bonds. so what kind of economic effect would reface and how should you respond? if you

the time. >> let's talk about the economy. huge questions as to whether we are so seeing a slowdown across the american economy.ave a great idea what is going on. you have so many businesses you own at berkshire and coca-cola, american express, wells fargo. what is going on? >> what we are seeing, may be affected a little by weather. what we are seeing is the same recovery we have had since fall of 2009. almost five years. a few percent a year. not bad. not as much as people would like. but there is nothing wrong with that over time. and it has been quite steady. various times people half gotten more optimistic about things. thought it was going to take off. other times they talked about a double dip. right straight through, you have had a steady gain. and i think it continues. >> how concerned are you about rising tensions and the escalating conflict in, in ukraine, with russia, between russia and, and, and, europe and the united states? >> from an economics, obviously, terrible for the people involved. from an economic standpoint. you should keep the farm that you own. keep the apartment house, you own. or ke

i'm ray suarez and the american economy is slowly rebounding since the recession in 2008. but it is choppy and could remain that. a report is showing that the consumer confidence dipped slightly in february. puerto rico is not recovering as well as the rest of the country. we are looking at the multitude of the problems holding puerto rico back. still with us, kenneth, former secretary of state and professor charles, of the institute of puerto ricoian and latino studies at the university of connecticut and from washington, justin, director of the national puerto rico chamber of commerce. kenneth, the three main political parties are known for the future status of the island and if we were spending more time on the island and listening to the political debates much difference in their view of the economic future, do they have a different philosophy of running the island's government and public services so that voters might choose not only between state hood independence and higher employment policies, lower borrowing policies, the nuts and bolts of actually running a place,

decided to scale back its bond buying program by another $10 billion because of the strength of the american economybut the bank will keep interest rates at record lows to encourage more economic growth. janet yellen delivered the news as head of the federal reserve and the dow jones responded by points.down 130 michelle fleury was there for the announcement and told me how the chair had given something of a mixed message over a rise in interest rates. >> certainly that is what you get from the market reaction, whether it came up in her press conference, that has been something of a dampening effect of economic data. how strong is the recovery and what implications would this have on future rates? that is the question on everyone's mind. janet yellen, in her first press conference, said, look, the picture is still very weak, despite the fact the unemployment rate has fallen and inflation remains very low. rates will stay low, but there were other data coming out that suggested perhaps the timeframe has actually shrunk. markets have been anticipating this tapering over six months. since last summer.

they said will crash the american economy if we get into a war. that's vladimir putin said just recently when he invaded the ukraine and several slaps sanctions on you, his response was you don't want to do that because i can crash or stop market. i can hack your financial system. the very things i read about in 2008 and covered in "game plan," "game plan" then says that that is that they intend to do, what would you as an individual american, how should you protect yourself? word you save, invest? what do you do with your money? that is the game plan. >> money-management today, are you in the stock market? >> i am. the stock market performs pretty well. i have with me that i carry zimbabwe currency. that is for a 1998 ,-com,-com ma zimbabwe was producing 100-dollar bills you could expand at thomas cook for $30 u.s. now flip it over, that is that they were producing in 2008. their currency collapse. those are 100 trillion-dollar bills not worth 1 penny. despite the fact their currency completely collapsed coming is the best performing stock market

the new economy. and for the indian people. luckily for me. it's also great for the american economy and for the working people. the partnership effort to increase the team fourteen for the u s businesses despite rejecting a bright future for these unique wanting me to see it in the english afterwards country not just according the right thing to me. but anyhow it is indeed even the dispossessed and the promise of two point seven million us dollars in each flight increasing access to content and eat them by accident patients if it takes some time to pee. although some other developments now met one of the time the abomination of a nation ball back from this set the country cannot compromise the plot of the mind games into one ball criminals. you all to the disappointment about the son's failure to prosecute its managing personnel accused of all crimes nineteen seventy one in the then east aka stop which became bound with it the one ninety five after signing the cheques no excuse for four kinds were handed over to slum of hot and sexy teacher that jonathan bodies in that spot feast on to the new font bond with e

would bring the dollars back to american, put it back in the american economy.eplace obamacare with something that is patient centered. and then put more of the government back in the hands of the people at the state and local level in education, transportation, infrastructure, health care, all those things are better suited if those decisions are made by state and local officials, people closer to the american taxpayer. those are the sorts of things i think any reformer should be talking about going forward. >> all right. we'll leave it there. sounds pretty darn good. many thanks, wisconsin governor scott walker . all the best. last night it was rick perry. tonight scott walker. i'll ask the same question about mr. walker. did we just see and hear somebody who could be winning the presidency and be in the white house in 2016? our expert political panel will tackle that question and much more next up. whether there be a president scott walker? i dunno, i just ah woke up today and i said i need something sportier. annnd done. ok maxwell, just need to ah contact y

did you do something that improvements to the american economy. he does when it's sunny the country is getting back on its feet. bring to you don't need to do the units this year. had to collect your star is rising and is in pre production and tulips the events. what a killer bring in a facility that were helping americans know what the problem of important so it's hard time turning over three hundred and sixty two he was really cute until it is no small way it manages the site to be so production it's because it's no longer in their interest to stay overseas the technology today about the world market likely to compete with low cost countries like brazil and china because we use technology to block work sells high speed machine tools. so in summation and released you workforce. this is the future of the american army faction on skype actions like these were disappearing. tonight the matching fabric being squared. this actually makes six thousand two hundred and two t shirts on the elements of the quilting on the auction process for thompson one th

the american economy is facing the steepest and deepest fiscal cliff ever. we are going to have to pay for the american obesity epidemic. we do face bankruptcy dealing with this, with or without president obama's health care initiative. we still have a lot of work to do. the health trends are not slipping the right way, and how do we he change this? we can do it the american way. ~ we can pay good money for it. we can offer financial rewards directly to individuals for achieving simple fitness goals. the assumption being that if the individual can achieve these goals, they are reducing their burden on the health care system. goals like holding a plank. it's a yoga move. climbing two flights of stairs, walking 200 meters in a given length of time. these rewards would be small, possibly no more than $400 per year per person, totaling a mere $12 billion of national level. funds not awarded would be supplemental health insurance for all. funds rewarded -- awarded to adults would be available immediately and funds awarded to children would be invested in u.s. inde

when the federal reserve system announced its support of the american economy the role of foreign capital from emerging markets to place worldwide. i would not attribute the situation specifically two thousand and needy. it said. the deal between the stoic as it has major banks will be completed later this year. within ten months there is a who's who received the approval of the regulator and carry out a number of procedures the most epic is the new financial sector will be announced at the same time the seventh year the row apple has been seeing the world's most admired company. these are the results of a survey conducted by for a month off managers and other experts the second place went to amazon. who was in third place. they swapped places compared with two thousand thirteen weeks. there followed by berkshire hathaway starbucks and coca cola. the top ten also includes walt disney and general electric. idealistic sixth place last year dropped to number sixteen cents to use them if you want my kids off to slumber to support and facebook is in thirteenth place. service through a broad co

about what we can do together in this chamber to strengthen the vital manufacturing sector of the american economy. last year democratic senator sherrod brown and republican senator roy blunt came together in a bipartisan effort to cosponsor an important bill, s. 1468, the revitalize american manufacturing and innovation act of 2013, an effort to build a national network for manufacturing and innovation, also known as manufacturing innovation hubs. this bill, if enacted, would allow us to build institutes across our country dedicated to discovering the next breakthroughs in technology and translating them to the next breakthroughs in manufacturing. i've been proud to support and fight for this bill. and now because of my colleague's leadership and determination we are close to getting a vote. we've heard about the importance of these innovation hubs for manufacturing before. last year two hubs opened, one in youngstown, north and another in raleigh, north carolina. last week i was thrilled to hear about two more opening, one in detroit and another in chicago. these hubs are good first steps but th

why did these two events affect inflation and unemployment in the american economy?

the economy grew at 1.9%. so you have got this sluggish, anemic economy that's sputtering along, and the american people are going where are the jobs and where is the take-home pay? since the president took office, household income in this country has gone down, not up. down by $3,700 per family. and if you look at all the policies that are put in place by the democrat majority, there isn't anything really you can point to that helps create jobs, mainly because it's heavy-handed, top-down management from washington, d.c. what the american people need, mr. president, are policies that will unleash the american free enterprise system that will unleash our entrepreneurs and our small businesses and allow them to go out and to create jobs and to grow this economy, expand this economy, which is better for every american, every managed care middle class family in this country wants to have a better quality of life, a better standard of living for their children and grandchildren than what they have experienced. this may be the first generation of americans where that's not true. why? because policies here in washington

now, this is a choke point for the american oil economy and therefore for the american economy. it's also a crucial environmental setting along the texas shore. the spill was caused by a collision between a ship and a barge that was carrying bunker fuel oil, which is a really heavy form of marine fuel oil. the barge partially sunk after the collision and leaked ability 170,000 gallons of this really heavy oil into the water after of galveston bay. the coast guard responded by closing the houston ship channel. that's one of the busiest shipping channels in the country. they had to close down the shipping channel in order to start clean-up operations. this caused over 100 vessels, oil tankers, cargo ship, boats of all different kinds, caused over 100 vessels who were attempting to leave or enter that whole seaport area, caused them all to come to a full stop and drop anchor. and that is a huge deal for the u.s. economically. the houston ship channel is basically like the suez canal of texas. so if it is shut down, depending on how long it goes on, that could be a really big econom

the economy. i will confine their remarks to the economy which is the biggest issue in front of americans. if we could fix the economy it will make a lot of difference. so the founders looked at economic freedom not as voluntary exchange or a free market, although they were in favor of volunteer exchange and the free-market. but economic freedom to them was conceived in terms of opportunity. the opportunity, hegemonic of rigidity to be able to provide a dignified living in get ahead through means under your own control. that is what freedom was, having that kind of opportunity. today in the united states as a mentioned earlier that kind of opportunity is absent for probably 80 percent of americans for a third, as i mentioned, of workers because they are paid beneath a living wage war are jobless and a looking for work. but for the rest because they are a part of being free, getting to return from your work seventy-five to 80 percent of american workers pay falls way behind their improvement in productivity. as i mentioned the results of this, it violates the founders principles about what k

soros on the american economy. >> the u.s. economy is actually relatively the best functioning.is a reflection on the global economy. the u.s. economy has its own momentum. it's not following optimum policies at all. because of the internal political struggles which have not been resolved. >> you can watch the full interview with george soros at bloomberg.com/tv or go to our award-winning app. marco rubio for president? his thoughts on a 2016 run. that is next. flying, we'llut talk about the daredevil taking taking his wing suit to the skies. specifically, mount everest. ♪ >> this is "lunch money." i'm adam johnson. today's moving pictures now, video is the story. two people were killed in an explosion in an east harlem building in new york city. the blast triggered a building collapse and a five alarm i are that spread to an adjoining building. more than 150 firefighters worked to contain the blaze. violence erupted in turkey after a teenage boy was injured by police last year. he died yesterday. the 15-year-old was hit in the head by tear gas cans last summer when police crack

soros on the american economy. >> the u.s. economy is actually relatively the best functioning.is a reflection on the global economy. economy has its own momentum. it's not following optimum policies at all. internalf the political struggles which have not been resolved. fullu can watch the interview with george soros at bloomberg.com/tv or go to our award-winning app. marco rubio for president? 6 run.oughts on a 201 we'll talk about the daredevil taking his wing sue to the skies . specifically, mount everest. ♪ >> its 26 minutes after the hour. bloomberg tv is on the markets. i'm olivia sterns. are fluctuating between gains and losses. the s&p and dow are in the red but the nasdaq is trading higher. all the benchmarks of concession lows. shares of fannie mae and freddie mac both plunging after leaders of the senate banking committee announced bipartisan plans to dismantle the companies. the measure would replace them with government bond insurers. the safety net would kick in once primal capital lost at least 10%. the senator said they would introduce the bill in the coming day

does not become extinct as how the boy king reports did you do something often limited to the american economy. he does when it's sunny the country is getting back on its feet. bring to you don't need to do list this year. to elect the new star is rising because the pre production tools i could be next. what a killer bring in a facility that would help an american dealt with that the problem of important so it's hard time turning over three hundred and sixty billion dollars and the cats into his new small player. i may just decide to be so production it's because it's too long he intends to stay overseas. the technology today about the world market would begin to look up countries like brazil and china because we use technology to bark work sells high speed machine tool. so in summation and released you workforce. this is the future of the american army faction landscape. actions like these were disappearing. tonight the matching cover being squared. this actually makes text of the entire hundred and two t shirts all the elements of the quilting on the auction process protons in one week. or y

did you do something that improvements to the american economy. he does when it's sunny the country is getting back on its feet bring to you don't need to do the units this year. to connect your star is rising and is in pre production and tulips. i could be next. what a killer bring in a facility that would help an american and dealt with the problem of important so it's hard time turning over three hundred and sixty two he was really tempted to his new small player. i'm just psyched to be so production it's because it's too long in the contest to stay overseas the technology today a lot of that in the world market likely to compete with low cost countries like brazil and china because we use technology. what sells high speed machine tools. so in summation and released you workforce. this is the future of the american army faction on skype. actions like these were disappearing. tonight the matching fabric being squared. this actually makes six thousand two hundred and two t shirts on the elements of the quilting on the auction process for transit o

a disappointing report on manufacturing suggest the american economy is heading. dge has signed off on the company settlement over claims that bernie made off -- the skincare company is over half $1 million from china. more on bloomberg after the break. chang.emily the turkish government has blocked twitter access across the country and the prime minister defended his actions over the weekend. he also threatened to block facebook and youtube as his administration fights corruption charges. twitter remains committed to defending the privacy of our users in turkey. we won't portray their trust. the ceo of the intelligence firm or an asus. andrew, i will start with you, described the situation on the ground for us. areow some people successfully circumventing the difficulties that the government has put in place. what is the latest? >> twitter was blocked in the evening here. they moved to a different type of blocking over the weekend which is more difficult for people to get around. lots of people are still tweeting from turkey. is really a polarizing one just like s

leeches to pummel the eastern united states since december the cold weather is set to cost the american economy at least fifteen billion dollars while dozens of people being killed demonstrators have expressed support for ukraine outside the russian embassy in washington d c the activists rates the concerns of the kremlin ordered russian production forces to seize ukraine's oklahoma's crimea region and on selected oxycontin today when moscow has enabled place. in unison added to this. russia should be concerned about the new oven because it shows that prejudice but it is that if he becomes more and more confident that the us. we'll let that go with it it's the aggressive plans with his assertiveness. study means no concerned russia could talk it out of that era tree up this area at that rate unemployed and sunny at times and sad. not that that's very much but the populated by ethnic transcends time and said that there is great now for the sundance that designation is undated but im just ready to go back to the net loss of common sense to me and try to take better not worse than it is december t

american and the entire planet, we cannot afford to gich on american leadership. we've got to believe in our ideas, in the power of our ability to innovate, in the strengths of our economy and the american ideal that whatever problem our generation is faced with, we will meet it. the idea that -- and we've heard it before on this floor from climate change deniers -- that we shouldn't do anything because china won't do anything misses the point. if we do something, china will do something. some are saying, let's not do anything because china and india -- i'm saying, let's do something because of china and india. if we lead here, we will have the economic advantage. and in fact china has already begun the work to fight pollution and to transition to a clean energy economy. last week at the opening of klein's annual meeting of the parliament, the chinese premier said that china will declare war on pollution in the coming years. china faces a twofold threat of extreme local pollution and the effects of climate change and recognizes that transitioning to clean energy sources is an economic and political stability imperative. in january, the executive secretary of the u.n. fr

entitlement programs and on top of that enormous tax increases which will reduce growth for the american economy. the best way to to get the economy started again. you end upholding the can and begging for money. that's how america is going to find itself. >> it sounds afeeling loan guarantees. billion to promote efficiency and renewable energy. >> i have seen these renewable energy stories for my entire time in congress. i have fought against them with incredible energy myself. they tell you how great it is and they say i could make it even better if i could take the tax payer money. we shouldn't be picking winners and losers and most would be wasted with no benefit to the american people. >> do you think americans understand the debt? is i worry they don't. when i asked them about it they say things like this. the should government spend more to help people? >> of course. government should always be spending to help people. >> i think the government should always be trying to help people. >> they just believe we can stand a spend and that's the way to help people. >> i also tell you we are out

it tells you that this affects the entire american economy. i should say yesterday, friday, you had the increase in food stamps expire because we're now doing better, you see the housing market coming back, the job market coming back. unemployment down. so why are we punishing the poor and -- >> juan -- don't you see that this is a transfer of wealth? you're taking money from hard working taxpayers, and where does it end up going? ultimately ends up in the hands of big businesses like walmart. you think that's okay? i thought this administration was against big business. >> it wasn't just walmart. so businesses are being affected by the handout. they are also in line at mothers entitlement milk as well. wayne, the sen krus bureau, 151 million americans got aid from at least one federal program in 2011. that's almost half the country. >> it's scary, eric. this is a model for a fascist economy. i don't mean politically. economically. fascism is where the big government, big labor, and big business are all combined together to control the economy

this is the not the way the american economy should work by picking winners and losers, and most of theoney will be wasted with no benefit to the american people. john: we referenced the $25 billion debt. do you think americans understand the debt? i worry they don't because when i ask about it, they say things like this. >> should government spend more to help people? >> of course. government should always be spending to help people. >> i think that the government should be trying to help people. john: they believe we can spend, and that's the way to help people. >> john, i'll tell you, i hope they were outliers in the group you saw. john: no. that was everybody i asked. no, not everybody. >> when i'm back in kansas, folks get the corporate -- they get you cannot spend more money than you take in forever. they have to be responsible in their own lives, government has to do that too. it's for us to shoot straight, tell the truth. things governments need to do less of, and when we do that, great outcomes happen. take less of the money, they make good decisions, grow the economy, and we'l

the american market almost 42%. samsung has about 27%. together, the two companies account for just about 70% of the market. powerful economic concentration is the new normal in the american economy, and i don't like it. not one bit. any more than i like big government whether technology or telecommunications, banks or bananas, crude oil or search engines. google is successful, and good for them, but they have reached an incredible share of the market place. 67%. their nearest competitor is hardly a wiz bang start-up. it is the huge that bill built. microsoft. it has 18% of the market. followed by yahoo! with 11%. that leaves their competitors with an amazing 7% of the market to fight over. and there seems to be no appetite in this administration to resist ever greater economic concentration and the stifling of competition. we are tolerating what is, to me, at least, an un-american way of doing business. near monopolies and 09 go only. and our national media, for some reason, who leave the monster-sized businesses what they're called in europe and russia. y american does it? i wonder why we don't hear that word more in our national media. something to think about. time for your c

the department of transportation said that costs the american economy roughly $200 billion a year. mayors, with a plan to alleviate the river traffic and keep commodities moving to their destinations? >> any of those bottlenecks are created by the existing infrastructure. the only trade surplus that united states has is in agricultural goods and that's made possible by the mississippi river. to the extent that infrastructure works or doesn't work has a tremendous economic impact on the nation. >> what type of feedback have you any other mayors received from congress and the administration? do they understand the urgency of the situation and what are you telling them you and your colleagues need to keep the mississippi safe and keep communities going? >> this is the second year of our organization and we are very pleased with the meetings we have had in washington with our congressional caucus. obviously, we are planning to grow that and when we talk with them, they see the same issues when it comes to funding. that is a cross board in any one of these different areas of the federal

the american tech economy in particular is interested in seeing changes around how much spying is happeningcountry on the internet. that is scaring away a lot of companies from investing in american products and services. >> it does not seem that the changes will a suede those countries. it is like anything. you have to balance domestic and international concerns. the phone records have the biggest impact elastically. on the foreign side, we haven't the any proposals about how programs may be reformed to give more confidence. >> some countries can avoid the snooping. how do they do that? i have hurt russia can do that, how is that possible? >> i am not convinced that it is possible. it is a lot of technical effort to try to avoid it. we don't know the scope other than what we do know. it is enormous. the amount of data collection the one thingy, of confidence for anybody way to is thatormation secure cryptography that we use commercially is largely not broken. there are some allegations about weaknesses, but commercial grade cryptography is used in a lot of applications is not really broken