there's a growing acceptance that it's not really private enterprise when these companies are uncompetitive distorting the economic system distorting the let the playing field versus the the more honest players in the system and really we need to start thinking more like teddy roosevelt about breaking up the false all goblets teddy roosevelt exactly not f.d.r. that's right his brother the trust kind of trust that's what we need that's what we're at i think that's exactly right look we did it we did it we intended to do it in the telecom industry recognizing that telecom is this a utility it's supposed to serve a social purpose would not be distort we don't need a new deal we need to break up the monopoly that's exactly right all right josh roger thanks so much for being on the kaiser report you for having me all right that's going to do it for this edition of the kaiser at par with me max kaiser and stacy herbert our thank my guest josh radnor author of reckless endangerment trying to send an email places to a kaiser reported r t t v dot are you the next time ask. when their own country for

we have uncompetitive corporate tax system.eeps hundreds of billions of dollars of american company's money offshore. not being invested in the united states. >> bret: we hear that word a lot. "uncertainty." that is real for businesses. >> sure. of course. i mean when you run a large enterprise where you have lots of people's lives wrapped up in the business. and you are spending lots of money on assets for the futur future. which is by definition unknowable, you have to be cautious. you can't manual at the board level what the un -- you can't imagine at the board level what the uncertainty does. the natural default position in business is caution. because if you are uncautious, you know, you can go broke. it's not like you are the government where you print more money. you have to take in to account the scenario. that is what the people in washington i think miss enormously. uncertainty has a cost. that cost is restraint in terms of the economic activity. >> bret: what are a couple of things that you would say, you would do to

tax code that makes the country uncompetitive, that's the drag on the economy. top rates are now 39%. i'm not sure how much higher people want them to go. why think that 40 cents on the dollar isn't your fair share? when mitch mcconnell is talking about the demographic realities of the country, he's correct. we need to reform these programs in order for them to stay. any time the republicans talk about reform and the president responds in the context of this is gutting the programs, i don't think that that creates an environment where you can have a commonsense debate on these issues. >> i agree with you on that. when the president came back and whipped back at you guys and said i'm not going to gut these programs, like saying i'm not going to touch them. anyway, thank you. steve schmidt, i noticed -- you're in the higher economic brackets. i noticed that new sensitivity to the 39% i hadn't seen from you before. >>> the south carolina republican lawmaker who says expanding medicaid is a good idea, then voted against it because it's good politics to "oppose the b

it makes america uncompetitive. instead of a 35% rate, which is the highest in the world, go down to a 25% rate. have a fair tax break for families so they know the rules of the game. so if they want a better system that is fair, there will also be able to have that option, too. the details will be worked out with the ways and means committee but it would have to be done in the revenue-neutral way. you cannot raise taxes at the end of the day. that gives us economic growth. >> as you know, you have to go after the big ones. you have to go after the sacred cows, the mortgage interest deduction, a charitable contribution. why can't republicans more -- come out and say which one of those you would do away with? document rights the specific details of each of the component that the document lays out. a budget is of vision. the specifics are done by the committee. the ways and means committee is doing exactly what you're talking about here again they are having hearings. they have a great group of people looking at the b

because the euro harmed economic growth actually harmed economic activity as well as making colonies uncompetitive so now course in a situation where they're desperately trying to shore up the euro and protect the financial interests of basically based around french and german banks as well as the input into lending market and really that's one of the key problems is that if the universe has created economic harm and then led to banking problems and national debt problems well let me ask you this has the all the air fibrous does go bankrupt one might the consequences be for europe. well we must look towards recent examples there's been other islands recently that have had too much arguably too much dependence upon the banking sector where are they now one example is of course iceland that's a small country it's an island it has a small population it had a very active banking sector it got inch of beer troubles when the economic crisis hit in two thousand and eight where are they now or they are outside of the euro they managed to refloat they have a column is there they are calling me and now of c

we have the highest corporate tax rate in the world right now and makes america uncompetitive. so what we're saying is instead of a 35% rate, let's go down to a 25%. let's say fair tax systems for families so they know what the rules of the game are. if they want to stay in the current system they are able to do that. but if they want a better system that's fair or flatter they're also going to be able to have that option too. tand details would be worked out with the ways and means committee but it would have to be done in a revenue neutral way. you can't raise taxes in the end of the day. and that gives us economic growth. >> as you know in order to get the amount of ref new to lower rates you have to go after the big cups, the mortgage interest deduction, the charitable contributions. why can't republicans be more specific and say paul ryan is bold and gets all this praise for being bold. come out and say which one of those you would do away with? >> no budget document actually writes the specific details of each of the components that the document lays out. it lays out a vi

a couple of republican policies cluzing lo inin inin inin ining now is uncompetitive. >> he's a veryefbtive voice. there's a strain both of populism that resides. i think that's where you see the conversions. i think all of them is correct. >> what do you think needs to be done about too big to fail? >> i think we should end up. i think the policies that are articulates where you say you must raise your capital. we say to every customer you must sign a statement knowing you will not be bailed out. kus mers know they will not be guaranteed. banks will have to pay more nor capital. these things are easily done. when wi did it we don't have a banking crisis. >> thanks for being here tonight. >>> cow couldn't have thought i'd get through the show without breaking down one shirt. that's never how i roll when i come to. once you try an oral-b deep sweep power brush, you'll never go back to a regular manual brush. its three cleaning zones with dynamic power bristles reach between teeth with more brush movements to remove up to 100% more plaque than a regular manual brush. and even 76% more

growth, and our cereal range on kellogg's after five years of share growth, we were a little bit uncompetitivehandising and we lost some share. that's a category over the last couple quarters we got those price points back in line. we're still down a little bit, but seeing the shares improve. so we've got that value right. and we're seeing base lines improve. we have also got some products that we want to renovate. we think we can strengthen our fiber one offering, so we'll work on that. we've just put new adverw ng box traditional cheerios and we are seeing baselines respond to that. so, you know, usually for us when we're seeing shares decline it's a combination of value and some aspect of marketing execution. we are working on both of those right now and we're starting to see that division to respond. we've got such a powerful portfolio of brands. we've got the largest brand in the category by far in cheerios. we have great kid brands. we can win and sometimes we have executional issues, but we'll fix those and we'll get that cereal business going the way we want it to. >> i wanted to hear

also calls europeans their own worsen my saying they're making themselves uncompetitive by keeping the currency high. it's one thing if everybody is playing the same game. it appears the europeans are playing another one. >> you've got to look at countries like germany where you look at the u.s. where the economy is starting to look up again. there's plenty of people in the u.s. buying quality merchandise from the likes of germany. it goes to 110 and gives them ultracompetitiveness and to an extent that joe is right you but to get a strong dollar would be a question of timing and when it starts tightening. >> certainly one of the most crowded and one of the most successful trades for some of the world's best currency traders. here's what joe told me. he's been shorting the yen against the dollar. it will be a far longer trade than people realize. it will be a very lornlger tradition. george has made near lay billion dollars betting against the yen since november. >> i think he's right. at the end of the day, you and i have been discussing for a while and it will get an even bigger kick

david vitter, to become talking about breaking up the big banks and say what we have now is uncompetitive the president of the -- had a great op-ed in the "wall street journal" saying break them up. he is a conservative voice. a strain of populism. it resides in both parties. i think that is where you see the convergence between a vitter and brown or elizabeth warren and i think all are correct. there is that populism. >> what do you think needs to be and what do you think needs to be done about too big to fail? >> i think we should end it. i think the policies that are articulated by fisher in the op-ed today saying you must raise your capital there will not be a guarantee and say to every customer of your banks you must sign a statement knowing you will not be bailed out. so that if your deposit, anything above $2506,000 or you've bought a credit to fail swap you will not be guaranteed. customers know that they will not be guaranteed. the banks will have to pay more for capital and force them over time to slim down and do you what we did for 50 years, set numerical limits on the size of

businesses overseas with taxes getting more and more uncompetitive. .o let schools fail pick up welfare system the human casualties and assume a uncontrolled banking boom would pick up the bill. , wein in the global race are doing the exact opposite. building a modern reformed state that we can afford. bringing businesses to our shores with competitive taxes. fixing the banks. improving our schools, our skills, our infrastructure -- >> obviously the country is waiting to hear the chancellor. i am sure most of the people in this chamber also want to hear the chancellor. lees, let's hear the chancellor, george osborne. >> for years, mr. deputy speaker, people have felt that the whole system was tilted against those who did the right thing, who worked, who saved, who aspired. these are the very people we must support of britain is to have a prosperous future. this is a budget for those who aspire to own their own home, who aspire to get their first job or start their own business , a budget for those who want to save for their retirement and provide for their children. it is a budget for o

to drive businesses overseas with taxes that became more and more uncompetitive? so let's go -- let a bloated welfare system pick up the human casualty and uncontrol thanking boom pick -- to win in the global race, we are doing the exact opposite. building a modern reform state that we can afford. bringing businesses to our shores with competitive taxes, fixing the barning, improving our schools, our -- order, order. obviously the country is waiting to hear the chancellor. i'm sure most of the people in the chamber also want to hear the chancellor. let us hear the chancellor. >> for years people have felt that the whole system is tilted against those who work, who save, aspire, these are the very people we must support if britain is to have a prosperous future. it's a budget of those who aspire to own their own home, who aspire to get their first job, or start their own business, a budget for those who want to save for retirement and provide for their children. it is a budget for aspiration nation. mr. deputy speaker, the forecast for the independent for budget re

they are worried about the export numbers on the west coast which are becoming uncompetitive.'re heading to shanghai. hope you have a safe trip. >> thank you. adam: gordon chang, author of the coming collapse much china. thank you very much. >> thank you, adam. tracy: while you guys were talking the dow barely got itself into positive territory. oh, we lost it again. adam: it could happen. you called it this morning. you said we would probably go positive. tracy: i said, i had a 50/50 shot being right. don't take that to vegas. h&r block appears to lose the ad battle to turbotax. diane macedo joins us. >> days after losing a false advertising battle with turbotax. h&r block is losing advertising battle to the company as well. asymetrics released top ten list for most effective tax ads of 2013. suffice it to say turbotax is dominating here. eight out of the ten ads on the list come from turbotax versus h&r block's one ad on the list. this comes after a week where a judge ruled that turbotax continued to air ads like this one. >> hey,. >> hey, honey. >> hey, alan. >> hey. >> i'm

despite these efforts, however, our costs remained uncompetitive. after a decade of losses that reached $12 billion, in november 2011 the board concluded that the way forward was to restructure as most of our competitors have done. as difficult as it has been, it was the right decision. we began with the philosophy that it would be fair and equitable within the company. we started by shrinking senior management by one-third. while we achieved substantial cost savings through long-term labor union agreements, we were still able to grant pay increases and provide retirement so as to reduce the vote -- the involuntary job losses. we work with our creditors community to ensure that the pensions to our people would be paid rather than handed over to as others have done. our problem work helped us to achieve record revenues, topping our peers in year-over-year revenue growth. ofe we have line of sight how strong the restructuring could be, we knew it was time to consider a merger. american began to look at merger alternatives using a fact based different

level price adjustments of as much as three percentage points make fannie and freddie execution uncompetitiverelative to the fha. reducing these fees would make hire ltv loans with private in my more competitive. to you agree that these l.l. croupier's are distracting the market and hampering the return of private capital? >> i think tomorrow we raise the overall d.c. the more we are going to encourage private capital back into this marketplace. >> now, with the administration, with the ministration intent on winding down fannie and freddie coming in is it your sincere and honest belief that the private market in and of itself will be able to a board this void, especially considering that 90 percent -- this is a huge void, 90 percent of all of the new mortgages were done by freddie and fannie and that it is just baffling to me. i just am not satisfied that we have something that can take the place of that. >> congressman, here is so i think about it. the short answer to your question. what to make sure from the question when. can a government staffed entirely out of this marketplace and kendi

and we will end up with a miserable uncompetitive country if we do that. that's the simple truth.ion that sat by the television or the radio listening to every moon shot and seeing what government can do when it actually is organized to do the right thing. and in our own time, we are having unbelievable scientific breckthrou breakthroughs. they had led by great scientific and engineering leadleadership. do you think we could build a bridge again in this country and we might have a rail? i was in europe and asia the last couple of weeks. of course, you come back to jfk airport and you're stepping back 50 years. >> third world country. >> also this time it was stu stunning. the whole wall as we got off the plane was about a conference in china and went on for about a hundred feet of advertising about the great china conference in that country and you wonder where is the united states? >> i suspect i'm much more aligned with jeffrey in terms of ideology and feeling about government spending and everything like that with one small difference. over the last 10 or 15 years -- and i'm no

they make fannie and freddie execution uncompetitive relative to the fha. reducing these fees would make high ltb lows more competitive. do you agree that they are distracting the market and hampering the return of capital? raise them, more we the more we will encourage private capital into this marketplace. 's with the administration intent on winding down fannie and freddie, is it your sincere and honest belief that the private market in and of itself this void? especially considering that 90% -- this is a huge void. 90% of all of the new mortgages are done by freddie and fannie. -- i am notng satisfied that we have something that can take the place of that. can the government step out of this marketplace and can them mortgage market be supported without any government involvement? that is not what i anticipate. it is not what i have an expecting war would like to see. single-family mortgage market in the united states is $10 trillion. i do not expect the outcome to be that all of it is done by private capital without government environment -- involvement

energy intensive jobs are the first to go when your utility prices get uncompetitive. your ability to compete in the world marketplace, the price of american made goods, what families pay at the pump, what they pay for heating and cooli cooling, what they pay for every american product they make would be impacted by a carbon tax or fee. and i urge the support of this amendment. mrs. murray: mr. president if. the presiding officer: the senator from washington. mrs. murray: i yield one minute to the senator from rhode island. the presiding officer: the senator from rhode island. mr. whitehouse: mr. president, except for perhaps in congress and in the boardrooms of exxonmobil, it is no longer credible to deny what carbon pollution -- the presiding officer: the senate will come to order. mr. whitehouse: -- it is no longer credible to ignore what carbon pollution is doing to our atmospheres and to our oceans. we aid and abet that harm by subsidizing carbon, distorting the market, by violating the rule that the cost of a product should be in its price. nonrepealable laws of