not all unintended consequences are undesirable. i don't think we have to fear them so long as we have modest goals. if we are a little wrong, we can fix it as we go along. he pointed out it's a utopian fantasy to think we can eliminate all of capitalisms court. i just think, i don't know, i don't worry as much as unintended consequences as other people do. i was encouraged in this in a conversation that i had with irving some time ago in which he said he read an essay by robert in which the con september of unintended consequences was tribed. and he said here i was planning to change the world and i realized i could not know the consequences of the changes i was suggesting. and then i said yeah, but you went on to change the world and to found the public interest. so you weren't paralyzed by the fear of unintended consequences. they were out there. you know about them. had he decided to stand before history yelling unintended consequences we wouldn't have had the public interest. i think that's something that conservatives really s

ditlow is correct, of the fatal crashes of cary between 2002 and 2010 went to unintended acceleration, if there are twice as many that are not recall the last are that have been recalled, doesn't that raise real questions about whether the recall is extensive or as extensive as it should have been? >> senator, i'm not personally aware of that information and therefore i will ask mr. ditlow to give us some information and look into it and maybe get back to you later on. >> information is accurate as mr. ditlow presents its which you reach the same conclusion i reached that recalling a body of automobiles that of has half the rate of fatalities of astounded deceleration of you would want to recall those who have quite the right? >> i should not speculate but that should be the case. >> let me ask you, mr. inaba, and whoever else wishes and i want to ask about the accelerator and want to have the time. you indicated in your testimony, mr. uchiyamada, you said that as a result of our extensive testing we do not believe seven unintended acceleration results because of a defect in our ptc s

nothing has had unintended consequences like the recent turmoil shows. adam smith's invisible hand had unintended consequences. we love those consequences. not all consequences are undesirable. i do not think we have to fear them as long as we have modest goals so that if we are wrong, we can fix them. one economist pointed out that the utopian fantasy to think that we can eliminate all of capitalism's costs of preserving benefits i do not worry as much about consequences as other people do. i was encouraged in this conversation i had iirving in which he said that he read an essay in which the concept of unintended consequences was described but he said -- . he said he was going on to change the world and this changes it. i said that you went on and changed the world. you were not paralyzed by the fear of unintended consequences. you knew about them. if he decided to stop and just yell unintended consequences, we would not have the public interest. that is something that conservatives should think about. that is only one reason why i did not live in fear

. >> the law has a potential unintended consequences. it's one of the reasons why i think immigration needs to be a federal issue, not a state one.

i had a sudden unintended acceleration problem -- >> recently? >> yes. with a non-toyota vehicle, a german manufacturer. i am not sure it was not my fault. i grabbed the floor mat and put the car on neutral. i took it true -- i took the cruise control lever out of position. i turn the car off. it has not happened again. i told the agency about it so they could lock it in and have the data. if they do not have the data, they will never find the trend. >> what happens then? you make a complaint. what happens from the agency side? where does it go? >> there are a couple of ways it is dealt with. there is a group of investigators that bring these complaints in. there was a database set up in 2003. it is an early warning database. it gets all the field reports, warranty claims, customer complaints, log into a large database. there are statisticians that look for trends. if it is a random complained that does not fit a trend you may not get a call. if they are seeing a trend -- maybe 10 complaints or maybe 30 -- they will start to call people and find out if t

it is the most unintended and awkward consequence of our military offensive here in afghanistan. the route by our marines of the taliban from their former stronghold here in helmut province put us in the weird position of being protectors of the largest opium crowd in the world. how much is this worth in afghani money?

guest: this is one of the unintended consequences. i do not think the obama administration are congress necessarily wanted the retirees move into medicare. over time, the lot more of that will happen. host: jacksonville, fla., independent line. hocaller: i have a question or suggestion. i would like to respond after he responds. one way we could generate tons of money to support of our health-care system that would eliminate some of the burden from businesses is to collect social security benefit for contributions when you reach a maximum amount of $90,000 comedy stop paying into the social security fund. my suggestion would be that that would continue until you reach $250,000 in income. you would play into the social security system. this would take a huge burden of businesses, the middle class, lower middle class. the truly wealthy can afford to pay another 8% on their excess of $250,000. if you let me respond after he does, that would be great. guest: the way it currently works is both employers and employees who earn up to $106,80

these are just two of the many unintended consequences that results from overreaching regulations onnesses and financial entities that had nothing to do with the meltdown of our financial system. as i said earlier, the elements of the agreement that my staff had reached with chairman lincoln's staff represented a 180--degree shift for swaps regulation -- going from essentially unregulated to completely regulated. the handful of remaining issues, that now stand between us and a bipartisan bill, do not constitute some stark choice between democrats supporting regulation while republicans do not; we probably generally agree on 90 percent of the specifics. however, the remaining 10 percent of the issues involved here -- namely the extent of the end--user exemption; and whether there is a mandatory trading requirement on exchange for swaps instead of the more functional price reporting -- are very important because they involve real costs for businesses, and real implications for properly functioning derivatives markets. i will be offering a substitute amendment that, not surprisingly, co

the rule of thumb, with unintended consequences, darkly with government spending, is it's always more. when we brag about what we're saving, i think you can get enough from this that all of these things that this report warns about, let's say they don't all happen. you're right. but even if a couple happen, the math is way off. >> but neil, the problem is the report warns about things the bill has fail safes to address the very thing the reports warn about. they warn about -- >> neil: so the -- all right. okay, but here's the irony. to take a bragging point from sebelius, there are cost savings including the penalties companies pay because they opt out of the program because it saves them more than -- >> more than providing insurance. >> neil: so we brag about the 87 billion dollars we're getting from guys who opted out because its more money for the program. >> what about small business tax cuts, the fact that if you're a small business owner and have 25 employees or less you're eligible -- >> neil: 14 million, the report expected by -- >> the report says could. it does not say it's

. >> bret: there are unintended consequences in the middle of there. >> no question. that's a reason the republicans want to slow it down. but ultimately, the republicans, or most republicans want to be on board with some bill in part because they are afraid of politics but also because they agree with some limited regulation on these. >> as the speaker of the house said about the healthcare m monstrosity, once you pass it you'll see what is in it. that's what this is. we'll discover the stuff in it, some intended like the goodies to the unions and some unintended for months. very unwielding. the president is doing exactly what he did with the summit he had with republicans over healthcare when they would raise an objection he would rule it out and say there were legitimate arguments and that's a sound bite or talking point as if he never engages in that. this partisan rhetoric where he refuses to accept legitimacy of those who argue against, which is distressing in a president. particularly one who paints himself as he did in 2008 and does today who stands above the

talking about the unintended consequences of the sadam hussain regime it was one of the unintended consequences what else have you seen documented? >> guest: on the ground in iraq it became apparent in 2004 we did not ask anybody what they were it is very american not to ask but it was very clear when we would take translators out to different neighborhoods we learned that you could not take a shiite into a suni neighborhood or into a shia neighborhood there is a grassroots divide that you feel in iraq that is still there today. most of the neighborhood is again next before 2003 they lived in the same neighborhood now that is less likely. remember it was said jordanian king who spoke early on about something he called the shia crescent and what he was talking about is a man who rules a predominantly sunni country as jordan and worried about the rising power of iran that what the invasion had done was take sadam out of the equation and that was iran's biggest enemy. the jordanian king said it out loud and other arab leaders did not say it out loud that this was a moment that iran had become a mo

we need to print think through e unintended consequences. you can't always identify them all. you need to have a little things in terms of solving it. take shell gas, which everybody calls the game changer. we don't quite know what the environmental impact is point to be of that yet. we know that water, from arizona y'all really know this. we have seen it all across our country. water could be the next oil in the 21st century. if shale gas takes an incredible amount of water with chemicals and the potential to contaminate aquifers, we might find ourselves champion shale gas as a game changer. and at the end of the day find ourselves in the same trade-off. water versus fuel that we did with ethanol. so we really need to think your way through this and remember the lessons learned before. >> one of the things, i want to add, we have been urging the economic implications of every single project idea that they advance from science forward which is a new way of engaging in some of these things to catch some of that earlier. >> can i just say one thing? absolutely think, i spent thr

in terms of unintended acceleration, toyota is far and away -- they can't explain what goes wrong, and the government has done investigations with no for it -- floormat. it comes down to electronics. toyota hasn't gotten to the bottom of that, and it does not make sense. >> mark in new york, go ahead. >> am i on? >> you are, go ahead. go ahead with your question or comment. >> i wanted asked about the new cars they had today. i know they have in your bodies and they are small. but i want to know, how come they don't make any cars like he 225 -- the 225 that had the long bodies? . . >> you was on a dirt road, turning onto pavement and as he turned about 15 or 20 miles per hour, thankfully, he did not hit anything because there was nothing to hit. he did not go over a bump, nothing. we immediately -- his airbag went off. onstar came on. i almost took that same truck and would have been out on a double highway if i was in the same situation. he had started t it and it went off like this after about 3 miles. we took it to the dealer we bought it from. we had 25,000 miles on it. still under

we are also addressing the issue of unintended acceleration through new technologies, including recorders and brake override systems. in conclusion, our prius has changed the global economy with its environmental performance. now, we will strive to continue to be the leader in the area of safety. our help drives our efforts to meet these challenges. and it ensures the driver safety and regain their trust and confidence. thank you. >> thank you very much, mr. uch uchiyamada. now mr. sihchi. >> thank you. my name is mr. shinichi, i am responsible for the assurance and customer service. in my testimony, i will outline the significant ways in which toyota is changing its approach to customer safety. in light of the lessons we have learned from our recent rerecalls. as we look for the future, we need to ensure that we listen more closely to our customers voices. and operate them for frequently and aggressively. we are overhauling the toyota process. this overhaul will cover entire assurance processes from big group running and design to manufacturing, sales, and service. in the united states,

incredibly proactive on a lot of the safety measures whether it is the current situation with sudden unintended acceleration. back in 2000, we had the tragic incident, the firestone case. there is a number of requirements of reporting, etc.. the industry complies with that, but we think there are ways to build on it. a lot of the questions are about the kinds of solutions that may be needed. the industry is releasing that or adopting a dozen coming forward. two of our manufacturers have announced break override technology that they are voluntarily deploying in their vehicles, trying to make sure that there is redundancy in safety, that there are fail-safe method so we can avoid those incidents that may have occurred in the past. >> of viewers may remember the headlines during the last couple of months, one that came out of the situation with toyota that some employees have been hired by the car companies. is that appropriate? >> absolutely. the experience on both sides of the aisle. he doesn't understand the technology industry, and those in the agency's need to understand the technology and vi

i had a sudden unintended acceleration problem with a non toyota vehicle. a german manufacturer. i am not sure that it was my fault. i turned the cruise control lever to the off position. it has not happened in months and months bit i thought it was a good idea to tell the agency about it just gave -- just as a matter of logging in in so they have the data. >> what happens then? you make your complaints. what happens from the agency cited it? >> there are a couple of ways it is dealt with. there is a group of investigators that bring these complaints in. there was a database set up in 2003. it is an early warning database. it gets all the field reports, warranty claims, customer complaints, log into a large database. there are statisticians that look for trends. if it is a random complained that does not fit a trend you may not get a call. if they are seeing a trend -- maybe 10 complaints or maybe 30 -- they will start to call people and find out if there are similarities. they may ask for their vehicles. they may ask for their history. they do look into those things. >> a senato

this is an eclipse of the sunni was one of the unintended consequences. what else have you seen and documented? >> guest: on the ground in my racket became apparent around 2,004 when we didn't ask anybody who came to work with the work. it's very american not to ask. but it was very clear when we would take translators to different neighborhoods we learn that you couldn't take a shiite into a sunni neighborhood or sunni into a shia neighborhoods of there is all of that grassroots to fight you feel that is still there today. most of the neighborhoods have become on next before 2003 the sunnis and the shias would look in the same neighborhoods. now that is less likely. let's remember it was the jordanian king who spoke earlier on about something that he called the shia crescent, and what he was talking about is he is a man who rules a predominantly sunni country that is stored in with the invasion was is to take saddam out of the equation and that was iran's biggest enemy. the jordanian king said it out loud and other arab leaders felt it but didn't say it

. >>> general motors says it will use a safety system on all of its cars that can prevent unintended acceleration. the automaker says all new vehicles worldwide will have the brake override system by 2012. the system reduces power when the driver steps on the break and the accelerator at the same time. >>> overseas stock markets are mixed this morning. tokyo's nikkei average fell 0.5% today. markets are closed in hong kong for a holiday. on wall street, the dow climbed 46 points yesterday. the nasdaq jumped 27 points. >>> home buyers appear to be racing to take advantage of a tax credit that expires at the end of this month. the number of people who agreed to buy a home rose in february, well above expectations. in addition to people capitalizing on the $8,000 credit for first-time buyers, many may be looking to close deals before mortgage rates rise. >>> the government has launched a new program to speed up the process of selling homes that are worth less than the mortgage. homeowners will get $3,000 for moving expenses if they complete what's known as a short sale, or agree to turn

speaking japanese] >> as i said, there is not a single case that etc's failure led to unwanted, unintended acceleration at this point. however, we would like to do the following to ensure the safety of our product. [speaking japanese] >> our first point is it could be potentially national sciences, utilizing a third party organization to do another evaluation. [speaking japanese] >> for example right now when you look at the notations in the vehicle's speed control of a database, of course, this is something that we should probably work with a third party, but as far as we could see it, more than half of those complaints related to nonacceleration. [speaking japanese] >> after your translation we have to go on to the next question. >> so we would like to continues our effort to eliminate one we one. another thing is asking n.h.t.s.a. to give us the vin number of a certain event. we are deploying our s.w.a.t. team when is recorded. we want to do various things. we want to work on this. >> we are very eager to find out. that's all. >> thank you very much, senator dorgan. senator klobuchar. >

unfortunately, the unintended consequence of the bill just keep piling up.the next major concern i have heard from in missouri, the community banks that provide critical lending to families and small business, is the creation of the so-called consumer financial protection bureaus. cfpb. this massive new government bureaucracy has unprecedented authority and enforcement powers to impose mandates on any entities that extend credit. we're not just talking about big wall street banks here, but also your community banker, your local dentist. dentists are telling me that they have to offer credit, they would be regulated. farm lenders. farm lenders would find it very difficult for them to be able to operate to make their farm loans and to be able to hedge the risks that they normally do. the auto dealers who can sell cars only through the benefit of private sector financing. as a result, there will be no choice to pass the costs on for this finance federal government they can get it to the consumers, the very people this bill is supposed to protect. and it may cut

the brake safety measures can prevent unintended acceleration. g.m.he steps to reassure customers of safety. >> getting around is getting more expensive. oil and gas prices both hit an 18-month-old high with crude oil gaining 2% and back up $86 a barrel. the national average for gasoline is now nearly $2.33 a gallon f. prices rise even more, drivers may cut back choking off a recovery. >>> number one u.s. airways is making sure you're not left waiting on the tarmac. the company says its flights will return to the gate after two and a half hours unless takeoff is imminent. these federal rules start april 29 require airlines to let passengers off the plane after a three-hour delay or risk a big fine. u.s. airways says it expects more cancellations under the new rules. >>> you can find tonight's top five on myfoxdc.com. just click on web links. >>> did you see it? one ever the strongest earthquakes to hit the west coast in decades. a magnitude 7.2 has stuck just south of the mexican border. it shook buildings from l.a. to phoenix all the way down to tiaw

one of the concerns i have is that 70% of this sudden unintended acceleration we still do not have an answer for. in fact, according to all the documents from nhtsa and also from toyota only 16% of the sudden accelerations are really addressed with the format and the sticky accelerator, if you will. and the electronics seems to have to have some part of it. are we any further along? >> as i said in my testimony, we are going to do a complete review of the electronics. we will meet with the folks from southern illinois university, take a look at the results of what they have had to look at. we will look at what the toyota folks have done with the people they have hired. we are going to get into this. we're going to get into the weeds on the electronics. we feel an obligation to do that because we have 30,000 complaints a year and we take every one seriously. we do not just set them off to the side. when we see a few start to stack up, we get into it. i commit to you we are going to do that. >> how about this event data recorder, which records information 5 seconds before an accident an

what happens is, if you deal with these things problem after problem, you have unintended consequences if you put the problem solvers into an environment where there is no system like we take for granted for health care. >> what you are saying i suppose is that when these things are done, they should focus at the outset on system and process as much as they do on delivery. >> absolutely. the problem of all the major debates in rich countries about health care policy, education policy, and all this. they are about how do you change the system you have. what is the right and wrong way to do it? in poor countries, they are about capacity. they have no systems, so there is no predictability in the connection between what you do and the consequent you get. i think this is noble work. you can see the u.s. government doing more of it. bill gates foundation and i have been involved. i am just as guilty as the next person. we were so proud when we cut the price of aids drugs. then we did something on malaria. presume we realize that the impact of all this is being drastically truncated in place

. >> well maybe you never know with these things of unintended consequence. want to talk about that. but here's the president today, let's listen, on this issue. >> indeed, our failure to act responsibly at the federal level will only open the door to irresponsibility by others. and that includes for example the recent efforts in arizona, which threaten to undermine basic notions of fairness that we cherish as americans. as well as the trust between police and their communities that is so crucial to keeping us safe. in fact, i've instructed members of my administration to closely monitor the situation and examine the civil rights and other implications of their legislation. but if we continue to fail to act at a federal level, we will continue to see misguided efforts opening up around the country. >> well i guess i have to ask you about the president said lead to irresponsible acts. i'm hoping as an american like you, that maybe the irresponsible you could argue actions of arizona as will lead to the right actions. let me read to you what senator schumer and

i fear of unintended consequences resulting from applying complicated regulations too broadly and will subject american businesses to more risk and not less. for example, this legislation would force the foreign credit system institutions to run their interest-rate swaps the clearing house which will result in additional costs in the form of higher interest rates to their customers without doing anything to lessen systemic risk. let me be clear as to this will ultimately affect. our farmers and ranchers, our electrical cooperatives and ethanol facilities to seek financing from these institutions and. institutions like code pink will be forced to clear their swaps and execute on trading facility which will impose significant new cost and results in higher interest rates for their customer who or worse discourage them from managing their risk which will again result in higher cost for there are worse and why? because this legislation broadly applies regulation treating all financial and tuitions exactly the same path. goldman sachs are not the same and should not be regulated in the same

. >> an unintended consequence has been -- the stripping of insurance companies using different states, particularly southern companies moved to the north. >> but on the other side -- if you have a one size fits all concept, the united states is a series of regions where there are different sensibilities and needs, and so often times the federal government, honorable though it may be, is going to come in and talk about things that have no relevance to the local citizens. >> in a moment -- moment we will move to solutions. but we are sirius xm radio, the program is "white house chronicle" and we have john gizzi of "human events" and bob franken, syndicated columnist and broadcaster. the tea party, we got them. they are there. what impact will they have? >> they are going to be the foot soldiers for the republican party in the the 2010 elections. we have seen the wallop they packed in a massachusetts special election where republican scott brown won the seat of ted kennedy. the illinois, there were four primary in which tea party- backed candidates defeated more establishment-oriented re

but there's the odd somewhat unintended consequence. under the guise of escapism and pleasure.we are getting images of imagine the power that mask and even erase how much still remains to be done for girls and women. images that make the sexism seem fine, even fun. and insist that feminism is not utterly pointless, even bad for you. and if we look at what is being said about girls and women in these fantasies, what we can and should do, what we can and can't be, we will see that slithering just below the shining barrage of power is the dark, sneaky serpent of sexism. there has been a bit of a generational divide and how these fantasies are presented. older women, and i prefer the term that each females, like myself, have been given all of these ironclad women in the 10:00 and 9:00 the strip at night, the lawyers, cops and district attorneys on the entire law and order franchise, the senior partner on boston legal, the steely and busty forensic scientist on the various csi's, the ubiquitous female judges, especially african-american female judges, and brenda johnson, who with th

we need to print think through e unintended consequences. you can't always identify them all. you need to have a little things in terms of solving it. take shell gas, which everybody calls the game changer. we don't quite know what the environmental impact is point to be of that yet. we know that water, from arizona y'all really know this. we have seen it all across our country. water could be the next oil in the 21st century. if shale gas takes an incredible amount of water with chemicals and the potential

i would also have some thought -- give some thought to any unintended consequences as to having national standards. and i already mentioned is it possible that national standards could be weaker than already exists in some states or in some school districts? and also as mr. kline brought up, we want to make sure that our approach deals with all the environments and climates and contacts that children have. so it's not just in school. but it's also at home and in the community. so that students who are -- do not have access to low nutrition foods in vending machines, for example, aren't just bringing them in or buying them elsewhere or eating differently at home than they do in school. so i think it's important to take -- as comprehensive approach as possible and to recognize that successful solutions to these -- to these issues need to have strong engagement from the local level. >> thank you very much. thank you, mr. chairman. i yield back. >> mr. polis? >> thank you, mr. chairman. i couldn't agree more that nutritional education is essential for our country to tackle the obesity epidem

>> of course it's a job killer, unintended consequences are starting now. for instance, if you're a dentist or a furniture store and want to extend credit, if it's more than four payments, it comes under the tent of bureaucracy. if you don't lend as much and you don't have as many employees. it's not rocket science, when you overregulate you underemploy. >> actually, mark, you like this, huh. like it a lot. all this does is allows consumers know the truth. they want them to think they're paying a hundred bucks, but then after four years and 23%, lo and behold they're paying $400. the only people who lose jobs are people trying to scam consumers, i don't care if they lose their job, they've already lost their souls. >> brenda: there's going to be some job creation in washington d.c. >> bureaucracy, if you want to get into real estate do it in the washington metropolitan area and jobs are going to come. i agree with toby. you may not like jp morgan chase, using them as an example, spinning off the trading desk and hedge fund units are making money. what's lef

let the unintended consequences of these actions, the results are un-american. gwen: covering the week, david wessel of "the wall street journal," gloria borger of cnn, peter baker of "the new york times," and john dickerson of "slate" magazine and cbs news. >> corporate funding for "washington week" is provided by -- >> additional funding for "washington week" is provided by boeing, pepsi, the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. we may be approaching high noon for financial deregulation or, as the democrats have begun calling it, wall street reform. >> it's no surprise to the financial institutions that profit from the status quo has sent hordes of lobbyists to kill reform. you know, it's like throwing a piece of meat into a piranha tank. they're going to race to see how fast they can tear it apart. but we can't allow them to succeed. gwen: any help of bipartisan faded a bit today when s

like slow down and let us know what you're doing and why you're doing it and figure out what the unintended consequences of what you're doing might be. >> did you write it for your radio audience or is there a different audience you're trying to reach for the book? >> no. the radio audience is the book audience. and the book is radio. it's really just -- a lot of -- we have -- what you and i do, we're in the business of information. and we have the luxury of spending our day reading and going through the trivia and the tidbits and all that kind of stuff. most people don't. they're stuck on the freeway. they're commuting. they're packing their kids lunches. we have the opportunity to take all this information and compress it into a book or a three-hour radio show or what you guys do on c-span. and our job is to just give it to them. and say here's what i saw today. what do you think? not how to think but what do you think? and when i was writing the book it was kind of like this catharsis of like, wow, you know, you look at this mosh pit of political insanity and you're going where's the mid

and there was a great deal of discussion over the unintended consequences. >> this could bring innocent people under our criminal justice system, which i do not think we want to do. >> support across party lines. >experts estimate that there are more than 600 active gainngs maryland with thousands of members. most conditions include misdemeanor assault -- first and second-degree assault or misdemeanor extortion. >> a senate committee is expected to vote on similar legislation this evening. >> david, thank you. before you go, a quick question. there was a controversial bill introduced earlier this session allowing doctors to prescribe medical marijuana to certain patients. what is the status of that? >> it has widespread bipartisan support. what we learned today was that the marijuana medical bill is on life support. we will have more at 6:00 p.m. >> thank you. >> it feels like summertime around the mid-atlantic region. temperatures of around the 90- degree mark in many places. another hot day tomorrow before a cold front roles in and changes things for the end of the week. downtown balt

those ridges the unintended consequences of the chairman's mark. if we make it more expensive for these lending institutions to hedge risk, they will be forced to raise the prices to cover the costs. i think they require a swat transaction that is required to be clear and be traded on an exchange that is a new type of exchange that will be operated like an electronic trading platform. i know this is your idea. we cannot understand it, because the compromise that we have required clearing in public reporting -- i understand what the purpose of the mandatory trading is the still have to be cleared. thirdly, the chairman contains a provision from preventing anyone from being able to borrow money or receive any type of federal assistance. this is characterized as an anti-bailout provision. frankly, the effect of it is much more than just preventing bailout. large banks need to maintain access to the fed's discount window. with this provision in place, large banks are not going to be able to access that discount window if they engage in swath dealing pr

but the unintended consequences of these action the results are unamerican. [ cheering ] >> is that whatbarack obama meant when he promised the nation they would fundamentally transform america? he warned us with the playbook is -- is this what their change is all about? i want to tell them, nah, we'll keep clinging to our constitution and guns and religion and you can keep the [ cheering ] the voters are coming! now we've all learned a lot of lessons in this last year. i don't want anybody to feel bad if they supported some of those on left in the last election.ç we had a complicit media that did not do its job completely. some tried, but some did not! >> greta: s are planned from coast-to-coast tomorrow on tax day on the record we'll have them covered. this time of year most americans look at individual and family budgets. are politicians in washington going to look at our u.s. budget or blow it off? paul ryan went on the record. congressman nice to see you, sir. >> good to see you greta. >> greta: tomorrow is tax dayç every american has his or her eyes on money and finances. how is

to start graduate school without the thought that an unintended pregnancy might derail them. it harder for employers not to hire women. by allowing more certainty in family planning, made it easier for women to take advantage of the new opportunities arriving at that time. >> it's a fascinating read. thanks so much. very good to see you again. >> you, too. >>> what political story will be making headlines in the next 24 hours? that's next. brute by briggs & stratton, pennington, scotts and spectracide. along with thousands of others all over the store. it's rollback time! save money. live better. walmart. announcer: trying to be good to your heart? so is campbell's healthy request soup. low in fat and cholesterol, heart healthy levels of sodium, and taste you'll love. chef: we're all kind of excited about it. guy: mmm! i can see why. announcer: campbell's healthy request. m'm! m'm! good! for your heart. >>> and what political story will be making headlines in the next 24 hours? nbc's capitol hill correspondent kelly o'donnell and nbc's luke russert both joining us now. thanks

that could be used that would be effected and would not be subject to significant in evasion or unintended consequences. let me briefly take note of another issue that i think requires significant consideration. it is the issue of governance. who controls all these tools? who decides when the tools will be deployed and how extensively or intents of latsively. ? the final tool available to the central bank is monetary policy. this tool is not likely to work as well as macro prudential tool because it is too broad. policy will not address specifically the source of the changes in supply and demand better driving bottle. monetary policy will have big consequences elsewhere. some argue that monetary policy should lean against incipient asset bubbles. the notion of pursuing a tighter monetary policy, the central bank would take out insurance against the risk that the rise in asset prices and would be disrupted. this sounds attractive in principle, it critically depends on how expense of the insurance is relative to losses the insurance protect against. does not clear that it must tightening of