i don't care about warren buffett's tax rate and the american people don't care about warren buffett'sax rate. i care about tax rate of the small businesses that if they eke out a profit in the business, it goes through that personal income. if they invest it and get gain on the capital, they will be double taxed. that is the group that is primarily affected. this thing about the warren buffett tax rate is just playing the class warfare card. this thing about people flying around in corporate jets is class warfare. i am concerned about the $15 million people who do not have a job and they are not going to get jobs with more government spending. they are only going to get jobs when the business sector, the engine starts to grow again. you've got to add certainty to what is going to happen in the future before businessmen and business women start to grow the economy. >> chris: you said this week that you oppose construction of a new mosque in murphy's borough, tennessee, close to nashville. >> yes. >> chris: they have operated, muslim worshipers and another site there for more than 20 ye

i think you make a good point there let me throw an idea your way and this is something that warren buffett actually said he said i could end the deficit in five minutes you just pass a law that says that any time there is a deficit of more than three percent of g.d.p. all sitting members of congress are. well for reelection in china right now they're linking some officials performance levels with the amount of local debt that they have i mean what if we had some of these incentives for our politicians that they actually got punished for not doing their jobs that's sort of what we have right now all the republicans are assuming they're going to get primaried if they sign on to anything that actually solves the problem because that's exactly scary enough primaries you could say sure as some of the tea partiers got in the last midterm elections but you still only have two parties at the end of the day voters still don't have that many places to go should there be some kind of punishment while they're actually sitting there in the seat it's a funny idea in theory in reality it would just mean

scheme and you can fix the deficit and i think that just cutting spending if you want to listen to warren buffett check this the reason he supports increasing taxes that he knows will benefit him more if you try to tax the rich the super rich can always buy their way out of taxes while the relatively moderately successful bear the burden as for the stimulus yeah a bigger one so that friends of government can get more handouts speaking of government cheating the people our story on teachers and principals organizing shooting parties for standardized tests many of our education stories prompted a lot of fencing a first ration from some traumatized government indoctrination center incidents but i want to share one particularly relevant one from the teach a piece cravell who writes in tennessee the students are given nothing but practice state tests for three months prior to the actual test my son had such an exile be about taking the test i have decided to homeschool in this year as i want my child to have a quality education there is nothing in life that comes with an answer from yesterday i shared

i guess warren buffett is wrong then have it maybe someone should give him a try at some point thank you thanks so much for joining us thanks for having me. well just ahead while washington tries to raise the debt ceiling minnesota isn't entering week to have a government shutdown so time will have a look at how that shutdown is hurting small businesses in the state and the phone hacking scandal in britain grows now there are allegations that reporter the murdoch owned papers attempted to have former prime minister gordon brown and making the nine eleven so could that be the end of murdoch's media empire to get into its name rick. you know sometimes you see a story and it seems so silly you think you understand it and then he glimpse something else hears you some other part of it and realized everything you thought you knew you don't know i'm sorry welcome to the big picture of. the world your. world. and yet. fuck fuck fuck. fuck. let's not forget that we live in apartheid right. i think iraq even wanted well. we're never governor says they're safe getting ready for freedom. for the

and warren buffett is going to be there. and he's probably relieved after -- now, you are known to be one of the world's greatest mavericks. somebody wrote about on that. and you really are a matter. what are you going to say speed is i don't feel like a matter. i feel like i'm in average joe. [laughter] >> just a country entrepreneur? >> i like to watch the news, that's all. >> okay. now, they're going to try to teach each other, they're going to try to give each other ideas. that's a good thing. but as one of them told me a few months ago, a very rich man, he said ralph, we know how to make a lot of money, we don't have a clue how to spend it. >> i do. >> including me. [laughter] spent exactly. i do. >> i have more ideas than they do money. >> what is your role tomorrow? >> i'm a banana, one of the bunch. i'm just going to listen and learn and maybe say a few words. >> too much awe shucks. let's have the real ted turner. you cannot believe how he hides. he hides his -- [applause] >> ted is an actor and he's also offended.

today one of the smartest men in america, warren buffett, called on americans for what they're doing. >> we raised it in the bush administration, and in this administration, they're holding it hostage, and you really can't play russian roulette to get your way. when you have someone holding a gun to your head, do you come out with a proper reason for something? they're trying to use the incentive, now that we're trying to blow your brains out, america, in terms of your debtworthiness over time, and that's being used as a threat. >> joining me now is former chair of the rnc, michael steele. mr. steele, great to have you with us tonight. >> good to be here. >> is this a great day for republicans? you've got the president talking about cuts, something you folks have been after for 30 years. >> i listen to the congress and i listen to you, and i think the passion is in the right place, and i think america needs to be passionate in this debate right now. i'm glad to see the president put something on the table. now, it's upset his base. cutting social security and medicare is the same pass

president obama will be with members of the giving pledge, including co-founders warren buffett and bill and melinda gates. the pledge encouraged the wealthiest of people in the u.s. to give the majority of their money to philanthropic causes. >>> the african-american civil war museum is reopening in a new location, providing more space for exhibits. it now includes media and research centers to help visitors understand the contributions of black soldiers during the war. >>> and happy 93rd birthday to nelson mandela. today the anti-apartheid icon urges people to perform acts of charity. >>> all day long you can stay on top of the very latest developments in those stories and others as they break on msnbc. and tonight, be sure to watch brian williams with "nbc nightly news." and finally, here's a look at what's coming up later this morning on the "today" show. the latest details on the growing phone hacking scandal after former executive rebekah brooks' arrest. could rupert murdoch be next? >>> and making headlines for more than just their new movie, find out if justin timberlake and mila

that's a level of -- of immaturity that i don't believe this congress is up to. >> warren buffett was at the white house, and the white house talked to reporters this morning. david brooks calls out republican groups who he says decided not to seize the chance to usher in the largest cut in the size of government in american history. he also added, they do not see politics as the art of the possible. they do not believe in seizing opportunities to make steady, messy progress towards conservative goal. they believe if they can remain pure in their faith, some day their party will win a total and permanent victory over its foes. they believe they are the gods of the new dawn. consider this, rolling out a plan with $9 trillion in deficit reduction and grover norquist panned it because it closes some tax loopholes. coburn told nbc, this is a sick place. i mean, think about it. you don't want to make this deal because it's good for the country but it's bad for me? we need a bunch of spinal transplants in both parties. so what is the public stand about this? a massive messaging war, if you

billionaire investor warren buffett has moved another step towards giving away 99% of his wealth, as he pledged in 2006. the world's third richest man has given away $1.8 billion, with most of it going to the bill and melinda gates foundation. 4.3% ins exports rose may, hitting almost 90 billion euros, which is much better than expected. let's take a look at the markets. we start off in asia. one story the markets are focused on at the moment. the u.s. jobs numbers. in asia, stocks are set for the third consecutive week of gains. again, on expectations of some good u.s. jobs numbers. the reason we are expecting the numbers -- yesterday, from adp, the private payroll organization, came out with the numbers that for the month of june, 157,000 jobs were added to the private the euro. that's a good indication of what we could see today. >> in 10 hours, the republic of south sudan will become the world's newest nation. the people of southern sudan voted overwhelmingly for independence from the north. as the deadline draws closer, southerners living in the northern part of the country are

prince saud is known as the arab warren buffett. he is a nephew of the saudi king, but he says his fortune is self made. his company, kingdom holdings, is in a wide range of businesses, including the second-largest stake in the company that funds rupert murdoch's entire global media -- owns rupert murdoch's entire global media empire. rupert murdoch owns 12%. the prince owns 7%. what is more, he is far richer than rupert murdoch. rupert murdoch is said to be worth $7.5 billion. the prince is said to be worth $20 billion. i met the prince on an upper deck of his yacht. >> we hope that as this thing unfolds, the truth will come out. it is very important for me and my company, who are investors in news corp., to get this in order. ethics to me are very important. >> some terribly unethical things have taken place. hacking into the telephone of the murdered teenager. hacking into the relatives of british soldiers who have died in action. these are awful things. >> these are the problems of one newspaper, not of news corp.. the news of t

warren buffett is probably too old to run for president. >> first of all, who was that handsome guy interviewing him? >> bring it on. i know. he's better looking this morning than right now. >> chris, i thought he was going to mention chuck todd. >> yeah, well -- >> you know, you bring up a good point. wall street, business tycoon type is going to wear a little less well after the bank bail out and everything we have seen with the economy, the rich guy spending his own money because he's interested in office. hagel is an interesting idea. the thing that i feel like this and howard touched on it. yes, there is clearly disaffection. in 2010, people voted for republicans in congress but they didn't like them. they voted for them vn though they disapproved of them. there's an idea out there, yes, we want something different. the people underestimate how powerful the two parties are. there are minute things that matter. getting on ballots in all the states. that's why you need a rich guy, or gal, and i don't see anybody out there. is he going to put in the money? it's too much of a pain. >> howard fi

. >> here is a man, even though he is 80 years old, warren buffett is 80 years old and he is doing well, sumner redstone, and these are men with long track records of great success. to not want some of that wisdom in there, i think, would be a mistake. as will rogers said, good judgment comes from experience, and a lot of that comes from bad judgment. >> the phone hacking scandal has sparked political reform in the u.k. how much reform there will be in news corp. itself depends on the markets in the months to come. >> the site of two of the most powerful men in the world facing three hours of questioning from british politicians was extraordinary. some might have been reminded of the 1973 watergate hearings. stephen smith assesses the impact of the murdochs' appearance. >> summer. festivals, showtime, but if you are a "newsnight" viewer, hanging around in the chill-out tent does not cut it. the sheer spectacle has little to match the prospect of the murdochs and brooks appearing before the select committee. but did the lineup live up to the hype? how did it shaped up as an event? and wh

in an interview with the white house, legendary investor warren buffett expressing some optimism that a deal can be made despite the standoff. >> we cannot go to august 2nd and tell the rest of the world because we're having this little fight in 0 our sandbox back here that we're going to essentially default on obligations of the united states for the first time in our history. that's a level of immaturity that i don't believe this congress is up to. so i, it will happen. we'll get something and in the end, we have to get something. but why not aim high rather than aim low? >> but americans are decidedly more pessimistic about the way washington is handling the crisis. according to a new "u.s.a. today"/gallup poll. nearly half say that the president obama and the current congress are doing a worse job than previous leaders in solving the nation's problems. nearly four in ten say their performance is the worst they have seen in their lifetimes. >>> president obama officially naming former ohio attorney general, richard cordurey as his nominee to headed consumer protection bureau. the a

this hour warren buffett and bill gates sitting down with president obama.advice should they give the president to solve the debt impasse. dana? >> have the senate democrats come up with a balanced budget amendment or come up with specific cuts that they can make in these debt talks. that's one of the things that we're missing. realistic, big-time cuts that were actually going to have a difference aside from the piddly 2 trillion, where only in d.c. would 2 trillion sound like a nothing amount. >> maria. >> i think what they'll do, kyra, is continue to urge this president to stand strong on wanting to keep tax revenues, new revenues into whatever deal. they have been saying for many, many, many years that they are -- that people like them can and should be paying more because any deal needs to be fair and balanced. most americans agree with that. >> pete. >> well, maybe bill gates could tell the president how to design a revolutionary new operating system to dominate all computers. short of that, warren buffett and bill gates have taken advantage of all the

billionaire investor warren buffett predicts that employment will surge when the housing market eventually rebounds he predicts that the unemployment rate will drop to 6 percent but it will take a couple of years ... thanks to tax hikes we sought in january in illinois it is paying off the state collected 3.4 additional billions of dollars ... concerns about the economy and jobs are seeing witnesses at shopping centers ... retailers are cutting back on space and closing doors regional mall vacancies have climbed to the highest levels on record and it all goes back to jobs ... the june jobs report was surprising is there any reaction from the president >>the president says we have a long way to go down a lot of work to do ... preaching to the choir ... obama says that congress can help extend jobs by extending the payroll tax cuts ... according to a bloomberg national poll 42 percent of americans believe that there are worse off thatn the day president obama took office ... >>the dave matthews band caravan has arrived but some chicago residents are not on board with a concert at story is co

inspectors well that's part of a racket moody's a publicly traded company warren buffett on the biggest shareholder they manipulate that stock price they manipulate their ratings they telegraph what the rain's going to be before they make them so the insiders can profit from the inside information is out of commission is legal in washington they are lining their pockets servicing franchising to people live in these countries or look at austerity measures imposed upon them for things they never did and that's they never incurred and this is continuing unabated because nobody stepping in to represent the interest of the people the government like a drill in greece is in the pocket of the terrorist proper drill you are a terrorist you're a financial terrorist do your country a favor and toppers. so minor flaw spec director of the un office for world trade and development said the agency should be dissolved before they can do any more damage or at least banned from reading countries or they should create their own rating agencies nothing stops portugal from creating the portuguese bond rati

inspectors well that's part of a racket moody's a publicly traded company warren buffett's one the biggest shareholder they manipulate that stock price they manipulate their ratings they telegraph what the regs are going to be before they make them so the insiders can profit from the inside information inside information is legal in washington they are lining their pockets they're disenfranchising the people live in these countries who are left with austerity measures imposed upon them for things they never did and debts they never incurred and this is continuing unabated because nobody stepping in to represent the interest of the people the government like papa joy in greece is.

guys in the history of our nation tax breaks that allow billionaire hedge fund managers like warren buffett one of the richest men on the planet to pay a lower tax rate than his secretary tax breaks that have allowed the richest americans to enjoy paying the fewest taxes in the last fifty years and the tax breaks that have bankrupted our government tax breaks that as this chart shows are the real driving force of this goal part of the tax breaks of our story national deficit in fact this is the tax breaks and this is the wars in iraq and afghanistan so it's like you know this is this is what's bringing about and then you know this is the recession which would go away if we did away with it away with these things so now when it comes time to do something about this massive tax cut fuel that publicans aren't asking the people who don't benefit the most for a shared sacrifice instead they want poor people students working stiffs and senior citizens to pick up the tab and his speech last night president obama himself now a millionaire from his book sales phrase the question another way. most am

inspectors well that's part of the rocket motors is a publicly traded company warren buffett's one the biggest shareholder they manipulate that stock price they manipulate their ratings they telegraph what the regs are going to be before they make them so inside.

are monitoring a meeting of the mines at allen and company sun valley conference billionaire warren buffettkerberg are among 300 participants at the conference to discuss everything from shedding assets to the slowdowns in the economy ... things are heating up here in the midwest temperatures are bringing up the price of natural gas ... traders are monitoring the weather forecasts ... the destruction of chicago in the movies helped ticket sales at the box office for transformer setting records ... the biggest movie opening on record. coming up next mario claire introduces us to our teacher of the month. and after a 16 year hiatus chicago's own alternative rockers urge overkill are back their new cd rock-and-roll submarine is out now and you can check out wgntv.com/midday for a web exclusive interview with the band. every now and then we meet at teacher where students can't say enough could things about them ... kathy mahoney is one such teacher.. she makes it fun to come to school and study of >>i'm overwhelmed i don't even know how to respond >>perhaps the answer is to keep doing what you

warren buffett because of his business and life hits the nail on the head. he said to me and many others it is unconscionable using our tax code today, he, warren buffett theys a lower marginal tax rate than the secretaries in his office. that is wrong. why should a hard working person in a business at a lower level pay a higher marginal tax rate than the person owning the business. that's why the tax code is wrong. that's where we can change it, save money, use it to reduce the definite, and reduce marginal income tax rates. that's what this resolution is all about. it is nothing sort of amazing that we're debating a question of whether those who make $1 million or more each year should really pony up and contribute more when it comes to deficit reduction. mr. president, the newspapers this morning talk about what maybe included in any final agreement. i don't know what will be included. i hope there is an agreement. but one thing i want to make sure, i just left a meeting with people who do forecasting. standard, poors, moody's, pitch, and the like. they t

secretary pays a higher tax rate than warren buffett.tion here, and ask him, yeah, talk about raising rates all you want, but doesn't this come down to us closing loopholes and figuring out a way to make sure the wealthiest americans don't pay 90%, but at least pay 30%? >> that's exactly right, joe. we have not talked about raising rates at all. as you know, i am on the biden committee, or one of the biden -- i guess i am still on it, i guess we still exist, but the fact of the matter is we talked about what we need to do to close loopholes. we never talked one moment about raising rates on anybody. and if you look at the subsidies, the oil and gas subsidies and the loopholes being used by the wealthiest, and many other businesses, look at the loopholes that have been used while jobs are being created overseas, the tax credits, we need to close the loopholes and get rid of some of the subsidies and get rid of these tax credits. and we ought to say to the wealthy, look, please, make as much money as you possibly can, and let's just pay a

i don't want to raise tax rates but i have no problem closing loopholes to make sure warren buffett'shan warren buffett or make sure the top corporations of america don't pay a 0% tax rate. if i said like tom coburn give me $3 trillion in cuts, and i will swallow, i will gag on the trillion dollars in tax loopholes that we close if it makes the tax system more fair and increase i will take a three to one any day of the week because i know in washington, d.c., if you can get $3 cut for every 1 in tax revenue from closing tax loopholes you have won. >> done something. >> let me ask you, would you say to me, go into my district and say joe scarborough supports higher taxes? >> yes he would! >> i don't think so. >> i would say look let's look ronald reagan was offered that deal in 1982. and the tax increases were real and we're still living with them and the spending cuts not only didn't happen but spending increased more rapidly after that deal than before. then only eight years later they went to bush. he was a cheaper date. got $2 of imaginary spending cuts for $1 of real tax increase

warren buffett advocated that the united states needs to adopt policies to balance its trade. people always hear china loans so much of our treasury. we are dependent on it. where does china get the money to own so much of our treasuries? we gave it to them to run these massive trade deficits year after year. when the dollars come into china, the chinese government issues bonds to set up what you want. they buy our treasuries. they get income from a high treasuries. it is a crazy thing for this country to let go of. we are a another day older and deeper in debt. we have to change the trends here. when kennedy said we are going to get to the millan, nobody knew how to get to the millan, but we can figure these things -- moon but can figure these things out. >> i want to comment on infrastructure. this is the goal of rebuilding our sector. as we are debating and reducing into doing a deficit the deal, which will cut the amount of fixed income, there is a shortage of a fixed income debt that is occurring because of the collapse of the mortgage market. as baby boomers approach ret

it isn't so you might just repeat that performance every two years it's all right well i guess warren buffett is wrong then have it maybe someone should give him a try at some point betty thanks so much for joining us thanks for having me. well just ahead while washington tries to raise the debt ceiling minnesota is entering a week to have a government shutdown will have a look at how this shutdown is hurting small businesses in the state and the phone hacking scandal in britain grows now there are allegations that reporters of her own papers attempted to have former prime minister gordon brown and victims of nine eleven so could that be the end of her off the empire but interesting. you know sometimes you see a story and it seems so silly you think you understand it and then you give them something else here's some other part of it and realized everything you thought you knew you don't. charge because of the. we are. live and you know i. feel five ft six ft. let's not forget that we live in apartheid right leg i think either one hundred twelve. whenever the government says they're keeping sa

. >> and sun valley, big billionaire warren buffett, they are meeting to discuss to assets to the sloweece continues to be a focus, warning they may get a default warning. >> smart phones are getting smarter. more people are using them to unlock doors at hotels and "new york times" sairz a number of businesses from companies to carmakers are betting it on the future. for homeowners to unlock their front doors miles from their home. i'm jane king with the bloomberg business report. >> scientists say wreckage from japan's tsunami in march is expected to reach the hawaiian islands by next spring and hit beaches in california as early as 2013. the tsunami washed tons of debris into the ocean. some of the debris is moving ten miles of day. furniture and parts of cars is moving toward the u.s. and raising concerns about environmental headache. >> in montana the initial cleanup along the yellowstone river could be tested today as rising water is making it harder for exxon mobil to get to areas that was damaged by an oil spill. national weather service predicts the yellowstone river swelling f

warren buffett had a great quote which we should remember while we debate this. said it november 26, 2006. "there is class warfare, all right, but it's my class, the rich class, that's making war, and we're winning." warren buffett is a man of few words and is listened to carefully because of his wisdom in business and in life, and he hits the nail on the head. he said to me and many others and publicly it is unconscionable that using our tax code today, he, warren buffett, pays a lower marginal tax rate than the secretaries in his office. that is absolutely wrong. why should a hard-working person in a business at a lower level pay a higher marginal tax rate than the person owning the business, making millions of dollars each year? that's where the tax code's wrong, and that's where we can change it, save money, use it to reduce the deficit and reduce marginal income tax rates. that's what this resolution is all about. it is nothing short of amazing that we're debating the question of whether those who make make $1 million or more each year should really pony up

warren buffett said we need the rich to pay more in taxes. >> we had a period in the last 15 years wheretes if you go back 15 years with an average income of $45 million and now it's $350 million. the tax rates went from 27% down to 16%. i want everybody to get rich, but i think the rich have a responsibility to pay higher tax rates. >> this is not an uncommon thought. >> warren buffett is certainly free and clear of paying more tax fist he wants to and i don't think he paid a penny more than is legally required and he took the bush tax cut he said he didn't want. when you said how do we get out, what we do is bring rates down. at this stage of the expansion, we had about 300,000 jobs a month and not 15,000. we have to cut tax rates and hire more workers >> we are hearing a lot of democrats saying holy to you, we need more stimulus and money to create jobs. the first stimulus as you heard didn't work out to the extent it brought unemployment to 8%. >> two things. we know that tax cuts don't work. we were talking about it for the wealthy. periods where we have seen lower tax brackets on t

it's a position that has been taken by everyone from warren buffett to bill o'reilly, and it's been the position of every democratic and republican leader who has worked to reduce the deficit in their time from ronald reagan to bill clinton. >> true. >> he's got a winning position there, governor, doesn't he? >> he does. and the polls show it. ronald reagan raised taxes five times. the republicans don't want to talk about it. this is lunacy. they are destroying the safety net of the country, and ultimately they would destroy the country if they get in charge. and i don't think they'll get in charge, because the american people have to be terrified of what's been unleashed in the 2010 elections. these are committed people where the facts never get in the way of their story. and you can't run a democracy or anything else if you don't care what the facts are. and they genuinely do not care what the facts are. they make them up as they go along. >> governor, did you sense in washington today some real worry among democrats that the president may be straying over the line into some position

>> piers: i like the quote from warren buffett. we should pass a law, all sitting members of congress are ineligible for re-election. i like that. that's how a businessman would run his company. >> that's another fallacy. somehow, businessmen are going to be good at running the government. they're not the same thing. you can't fire the congress the way you can fire your board. mitt romney is running on that silly idea that i ran a business. i know how to create jobs. no, actually what he did was fire people. he knows how to destroy jobs to create profit. >> piers: we're going to konl come to the candidates in a minute. i think it's good to focus on the economy and present himself as the guy that understands it. isn't that clever? >> it's clever for a country that doesn't pay attention and where people don't think too much about any issue. the truth is that government is there to do the things that are not supposed to turn a profit. i heard tim pawlenty say the same thing. amtrak doesn't make a profit. it's not supposed to make a pr

he is just trying to say that he is being reasonable guys like warren warren buffett and i agree. he is making mistakes. >> laura: the "the washington post" had a big front pager. apparently everybody from dianne feinstein, barbara were reportedly really upset and demanding answers from the top guy there jack lou on what this deal is w. boehner saying wait a second. >> you may be about to sell us out here. the democrats actually could, some are thinking, be the ones to scuttle any deal in the senate because of cuts, actually. >> bill: well, and this is the president's major mistake. he is not articulated to anybody what his vision is for getting out of this debt jam. let's be really simple because i'm a simple guy as you know, laura. first thing is under president obama we are now running up a debt at $4 billion a day. all right? nobody has ever come close in the history of this country to spending this much money $4 billion every single day is added to the debt. that's on the president's plate. he can make excuses for it he can do a little dance, but that is the fact, jack. so no

of the ethanol $6 billion give a waway to that and the oil industry breaks and the fact that warren buffett pays a lower tax rate than the people who work for him is cleaning it up and not hurting the economy, but when there was any whisper of a scent of revenue even if it came by reforming the tax code, he got his hands chopped off. >> congressman peter welsh, you will need to rush in and table your own vote soon, so thank you for joining us. >> thank you. >>> right now a white knuckler as the white house prepares to vote on the reconfigured boehner plan. we look at those following the latest showdown, luke russert and mike viqueira at the white house. starting with luke, where the vote is about to take place, and luke, let's look at for a moment how to speaker fielded one of the queries at the press conference this afternoon. we don't appear to have that, luke, but apparently mr. boehner referred to you in his chosen term as loud mouth, is that correct? >> yes, it is correct. it is an endearing term though, because he gives nicknames to the journalists similar to bush xliii. >> and we hav

today, warren buffett was turned down for a discover card. that's how bad.hey're bringing in unlicensed contractors to raise the debt ceiling. that's how bad. >> america will be plunged into despair. governed by roaming bands of outlaw vigil antes. they've been in nonstop meetings, how are those going? >> temperatures began rising after house majority leader eric cantor suggested the two sides were too far apart to come to a deal. that's when the president got very agitated. >> he said, don't call my bluff, eric. >> boy, the name eric really takes the urgency and steam out of an argument, doesn't it? don't call my bluff, eric. really. it's a name only rivaled by craig and susan. i will destroy you! craig. you can't handle the truth! susan. >> time now for your political ticker with tim, the host of morning briefing on sirius xm, live from washington. good morning, tim farley. >> good morning. sheldon. that's an old billy crystal line, i couldn't avoid it. the name game, is that what they're calling names now? actually, it seems there may be some idea weather

thought of, frankly, these days, you're not going to get a businessman, a la perot or lee iacocca, warren buffettprobably too old to run for president. no other figure. a disaffected paul. that was his theory. >> who was that handsome guy interviewing angus? >> bring it on. there you go. >> chris, i thought he would mention chuck. when he said chuck i thought he was going to say, chuck todd. >> yeah, well. >> you bring up a good point. the wall street business tycoon type is going to wear a little less well after every -- you know, the bank bailout and everything we've seen with the economy. a rich guy coming in spending a bunch of his own money because he's interested in office doesn't sell as well. hagel is an interesting idea. you know, the thing, howard touched on it. clearly disaffection. remember in 2010, chuck, people voted for republicans in cons but didn't like him. eve be though they disapproved. there is an idea out there, yes, we want something different. it's just the people underestimate how powerful the two parties are. there are minute things that matter and cost lots of money. ge