| 00:00:15 | >> Good evening americans.
|
| 00:00:15 | Welcome to "the ed show" tonight
from new york.
|
| 00:00:17 | These stories are hitting my hot
buttons at this hour.
|
| 00:00:20 | Egyptian president hosni mubarak
says that he won't run for
re-election but protesters in
that country want him out now.
|
| 00:00:27 | Not later.
|
| 00:00:29 | When he was governor of
massachusetts, health care
mandates, they weren't a
problem.
|
| 00:00:35 | And he said his state should be
the model for the rest of the
country.
|
| 00:00:38 | But now mitt romney tries to
explain why mandates are
unconstitutional.
|
| 00:00:44 | Hey, mitt, been doing any
windsurfing?
|
| 00:00:46 | Utah makes a move to designate a
state firearm.
|
| 00:00:48 | Wow.
|
| 00:00:52 | While a republican proposal in
south dakota would force every
adult to buy a gun.
|
| 00:00:58 | We'll talk guns later in the
show tonight.
|
| 00:00:59 | This is our top story tonight.
|
| 00:01:02 | Hosni mubarak's claim that he
will step down after the
september elections and end his
reign of 30 years is being met
with skepticism by hundreds of
thousands of protesters who want
him to step down immediately.
|
| 00:01:15 | A massive crowd watched
mubarak's ten-minute speech
tonight on a giant tv screen in
cairo's liberation square.
|
| 00:01:24 | Protesters booed and chanted,
leave, leave.
|
| 00:01:30 | After mubarak announced he would
not run again but will serve out
the rest of his term.
|
| 00:01:35 | Mubarak's announcements came
after president obama publicly
urged the egyptian leader not to
run for another term.
|
| 00:01:41 | President obama addressed the
situation in egypt after mubarak
spoke.
|
| 00:01:45 | He said, an orderly transition
must begin now.
|
| 00:01:50 | >> Now, it is not the role of
any other country to determine
egypt's leaders.
|
| 00:01:57 | Only the egyptian people can do
that.
|
| 00:02:00 | What is clear, and what i
indicated tonight to president
mubarak, is my belief that an
orderly transition must be
meaningful.
|
| 00:02:05 | It must be peaceful.
|
| 00:02:08 | And it must begin now.
|
| 00:02:13 | >> And at this hour it's unclear
how long the egyptian protests
will continue but the reverb
rations of this uprising are
being felt throughout the middle
east and the rest of the world.
|
| 00:02:23 | After weeks of protests in
jordan, over the price of food
and other issues, king abdula
fired his government earlier
today.
|
| 00:02:33 | Abdula has changed his
government in the past but this
time is the first time he's done
it in response to public demand.
|
| 00:02:40 | For all of the latest, joining
us now from cairo is a
contributor to "foreign affairs"
magazine.
|
| 00:02:48 | Thanks for your time tonight.
|
| 00:02:53 | In the wake of president
mubarak's announcement today is
it genuinely being accepted by
the egyptian people or do they
want him out now?
|
| 00:03:01 | What do you think the timetable
is going to be for all of this?
|
| 00:03:07 | >> Well, as far as the
protesters that are in tahrir
there's still a good 10,000
there camping out on a very
chilly night.
|
| 00:03:14 | The answer is a resounding no,
the chants of, down, down with
the president, down, down with
the regime started up again
literally like 30 seconds after
he had finished his speech.
|
| 00:03:26 | So it is a clear rejection by
the protesters.
|
| 00:03:29 | But the question is, whether or
not other segments of society
will find that acceptable.
|
| 00:03:39 | I think there is going to be a
certain segment of egyptians
that is happy to see him go and
will regard the battle as won
and maybe doesn't see the need
to feel him humiliated.
|
| 00:03:51 | It will be interesting to see
how much traction his latest
concession draws with the
egyptian people.
|
| 00:03:54 | >> How important is the protest
coming up on friday which is now
being billed as the biggest to
date in the wake of his
announcement?
|
| 00:04:02 | >> Well, the protesters are
obviously planning for that to
be yet another decisive blow.
|
| 00:04:07 | They want mass numbers again.
|
| 00:04:10 | I wouldn't be surprised if the
protests for the next two days
are medium sized.
|
| 00:04:15 | They will continue to hold on to
tahrir.
|
| 00:04:18 | But, you people -- the
protesters are tired and people
will probably go home in shifts
and then they want friday to be
another massive, unmistakable
message to the government and to
the world.
|
| 00:04:31 | >> But do you think mubarak will
move out on his timetable or the
people's timetable?
|
| 00:04:37 | >> It's a staring match.
|
| 00:04:40 | It really is right now.
|
| 00:04:42 | I mean, the protesters have no
intention of letting up.
|
| 00:04:46 | They plan to keep the pressure
on.
|
| 00:04:47 | They feel the momentum is on
their side.
|
| 00:04:51 | Every one of president mubarak's
sort of half concessions that
he's offered in recent days has
just motivated them and
energized them and made them a
little angry that he's still
holding on.
|
| 00:05:01 | But president mubarak is, you
know, he's not a weak man.
|
| 00:05:05 | He is a genuine war hero and he
is proud and he is stubborn, so
we shall see.
|
| 00:05:11 | It's going to be a fascinating
stand off.
|
| 00:05:14 | It looks like it's going to go
on for a little longer.
|
| 00:05:16 | >> Thanks for joining us tonight
from cairo.
|
| 00:05:22 | Appreciate it.
|
| 00:05:23 | >>> It's not just egypt and
jordan.
|
| 00:05:24 | Yemen and tunisia have also had
mass protests.
|
| 00:05:28 | They're all autocratic, majority
muslim nations, but they're not
all oil states.
|
| 00:05:34 | Tunisia is mostly secular.
|
| 00:05:37 | So what else do these countries
have in common?
|
| 00:05:41 | One thing is high food prices, a
factor in how all the riots
really started and how all of it
started.
|
| 00:05:46 | And it's not a coincidence that
all of them have high food
prices right now.
|
| 00:05:52 | Food prices have skyrocketed
around the world and a big
reason for that is wall street.
|
| 00:05:59 | It started in 1991 with
surprise, surprise goldman
sachs.
|
| 00:06:05 | Before then, wall street
speculateors played only a minor
role in food prices.
|
| 00:06:09 | The way it worked food companies
and their suppliers, america's
farmers, wanted to keep their
business stable.
|
| 00:06:15 | Even if prices spiked for wheat,
corn, or other agricultural
commodities.
|
| 00:06:20 | So they'd hedge their bets,
signing contracts, futures, to
lock in prices for some point in
the future.
|
| 00:06:29 | Speculators helped, putting
enough money in the system to
keep things liquid.
|
| 00:06:34 | After the depression, fdr saw
that speculators could drive up
the price of wheat, corn,
whatever, by betting on
commodity futures the way wall
street later bet on dot coms.
|
| 00:06:46 | Distorting food prices like that
could destroy the very stability
future contracts were created to
provide so fdr signed into law
what are called position limits
-- limits on how much of the
total betting could be done by
wall street.
|
| 00:07:12 | And what do you know it worked.
|
| 00:07:13 | For decades the price of wheat
was driven by fundamentals like
the weather and wall street
couldn't stand it.
|
| 00:07:15 | In 1991, goldman sachs asked the
commodity futures trading
commission, the cftc, to give
them a waiver on those position
limits, so they could bet as
much as they wanted.
|
| 00:07:24 | A cftc appointee for the first
president bush said sure.
|
| 00:07:28 | More than a dozen other firms
followed suit.
|
| 00:07:31 | Goldman sachs even created
commodities indexes.
|
| 00:07:36 | To simplify the betting and
goose casual investors into the
casino.
|
| 00:07:41 | Again, wall street followed
suit.
|
| 00:07:43 | Remember the real estate bubble?
|
| 00:07:44 | Wall street wanted to hedge all
of those bets it made on
mortgages.
|
| 00:07:50 | So they ramped up their bets on
commodities.
|
| 00:07:53 | And when wall street started
losing money on sub primes, they
bet it on commodities instead.
|
| 00:07:56 | By 2008, wall street had five
times more futures contracts in
commodities than it did in 2002.
|
| 00:08:06 | Commodity indexes held about $13
billion in 2003.
|
| 00:08:11 | By 2008 it was over a quarter
trillion.
|
| 00:08:15 | That's how we got the oil
bubble.
|
| 00:08:19 | And record high gas prices added
to the cost of shipping food
plus speculators looking for
another bubble, and you get a
food bubble.
|
| 00:08:29 | estimates
speculators held 65% of corn
futures' contracts.
|
| 00:08:36 | 68% Of soybean, 80% of wheat.
|
| 00:08:39 | By mid 2008, the imf food price
index jumped more than 80% in
just a year and a half before.
|
| 00:08:48 | It was the first time in history
the proportion of people going
hungry worldwide went up.
|
| 00:08:54 | The number of chronically
malnourished people rose by 75
million in 2007.
|
| 00:08:59 | 40 Million in 2008.
|
| 00:09:03 | That's why egypt had riots back
in 2008.
|
| 00:09:07 | Along with 30 other countries,
italian moms marched against the
price of pasta.
|
| 00:09:14 | Wall street speculators admitted
they were doing it.
|
| 00:09:17 | In 2006 merrill lynch said
speculation accounted for 50% of
the price of commodities.
|
| 00:09:23 | Half the price.
|
| 00:09:24 | In 2008 a goldman sachs research
paper said, quote, without
question, increased fund flow
into commodities has boosted
prices.
|
| 00:09:35 | 2009, Even republican senator
tom coburn admits the
speculation, quote, helped to
inflate futures prices and there
by disconnect futures from cash
prices impairing farmers' and
grain elevators' ability to
hedge price risk.
|
| 00:09:47 | Even coburn said there was so
much wall street money
distorting prices that farmers
and other guys who actually need
commodity futures couldn't use
them to keep their companies
stable anymore.
|
| 00:10:07 | We don't notice price hikes so
much because most of our food
prices come from marketing and
packaging.
|
| 00:10:14 | But in the developing world, the
price of food is everything.
|
| 00:10:19 | And what country imports more
wheat than any other?
|
| 00:10:22 | Egypt.
|
| 00:10:28 | Where the price of wheat rose
70% last year.
|
| 00:10:31 | Last summer goldman called a
report on the role of
speculation in food prices,
quote, misleading and blamed
other factors.
|
| 00:10:40 | A lot of reports mentioned that
russia cut off its wheat supply
last year.
|
| 00:10:44 | What they don't tell you is why.
|
| 00:10:48 | Because futures traders asked
them to.
|
| 00:10:52 | Let's bring in my colleague
dylan rhadigan.
|
| 00:10:54 | He has his own show here on
msnbc week days at 4:00.
|
| 00:10:58 | Formerly of cnbc and bloomberg
news.
|
| 00:11:00 | Thanks for coming in tonight,
dylan.
|
| 00:11:03 | I appreciate it it's a pleasure.
|
| 00:11:04 | I know you have talked a lot
about speculators and what has
happened on wall street but this
has really been a tsunami in the
food world, which has caused a
lot of havoc around the world.
|
| 00:11:16 | Tell us, these price hikes,
strictly due to speculation?
|
| 00:11:22 | >> No.
|
| 00:11:23 | First I want to compliment you
on your reporting, ed.
|
| 00:11:24 | I think you did an exquisitely
good job of describing the
contributing factor that
financial speculation has been
in the spike not just in food
prices but also in energy
prices.
|
| 00:11:39 | Unfortunately there are other
factors also in the financial
community that are even more
sinister.
|
| 00:11:42 | There's a mathematical
certainty, ed, that is this.
|
| 00:11:47 | All the paper currency in the
world, all the money, all the
paper must by definition equal
the value of all the commodities
because a commodity is equal to
what the value of the currencies
are in the world.
|
| 00:12:01 | In order to cover up the massive
bank theft that's been
perpetrated in this country in
2008, the federal reserve under
the guidance of first president
bush and now president obama as
you know, ed, has been printing
trillions of new dollars and
people, smart financial
planners, have been concerned
about the debasing effect that
has on our currency.
|
| 00:12:21 | Well, as a direct result of the
federal reserve's money
printing, to cover up our bank
theft, that has been an
additional factor in causing
commodity prices to explode
higher.
|
| 00:12:34 | So in addition to the
speculative aspects that you
describe so well, a by product
of the federal reserve and the
white house and the treasuries
decision to go with money
printing as a way to prop up our
economy, is driving food prices
higher.
|
| 00:12:48 | >> You know, it's just an
amazing domino effect.
|
| 00:12:55 | There is no doubt.
|
| 00:12:56 | But what exactly are these
commodity markets supposed to be
accomplishing?
|
| 00:13:03 | >> Well, very simply, they're
supposed to create price
stability as you described in
your piece.
|
| 00:13:06 | There is a very, very valid role
for a futures market in
commodities both for food
consumers who would like to be
able to have a stable price for
bread, a stable price for milk,
a stable price for cheese and
meat, not just here but around
the world.
|
| 00:13:19 | Rice, tortillas, pasta, I don't
care where you live.
|
| 00:13:22 | And if you are a farmer, you
want to know that you can lock
in a price on your farm in this
country or any other for that
price.
|
| 00:13:31 | The position limits, which you
referenced, are critical in that
they represent a limit as to how
much grain could potentially
actually exist.
|
| 00:13:39 | The elimination of the position
limit makes it such that you can
suddenly buy more grain than
exists on the entire planet
because now you're just
speculating on the price or
potential price and creating all
the price inflation you
described so well.
|
| 00:13:55 | >> High prices, rural america
does well.
|
| 00:13:56 | That ag dollar turns seven times
on main street.
|
| 00:14:00 | So america is loving this stuff
as far as the ag economy is
concerned.
|
| 00:14:06 | Then you take a look at the
construction of -- and the
manufacturing of all the big
equipment that goes with it.
|
| 00:14:08 | But somebody pays a price down
the line.
|
| 00:14:11 | In this case, it is people of
these countries that are run by
dictators that can't provide for
their people.
|
| 00:14:19 | There is the snowball effect.
|
| 00:14:24 | >> I would say it's the poorest
billion, whether it's the poor
in the middle east, the poor in
asia or the poor in louisiana
and arkansas, those are the only
people who suffer from the
financial shen anigans.
|
| 00:14:33 | What has struck me about this
event in egypt is for all of our
carrying on about the spread of
democracy through military
assault and the death of our own
soldiers and iraqi civilians all
you had to do was double the
price of grain in the middle
east from your trading floor in
goldman sachs to receive the
democratic revolution we claim
to be in favor of with our
military the past ten years.
|
| 00:15:02 | >> Dylan ratigan host of his own
00 here on
msnbc.
|
| 00:15:08 | You'll be covering this story on
your show tomorrow.
|
| 00:15:10 | I appreciate that.
|
| 00:15:10 | It is the story right now.
|
| 00:15:11 | >> That's it.
|
| 00:15:13 | >> On the face of this earth.
|
| 00:15:16 | Dylan, thanks so much.
|
| 00:15:17 | I appreciate it.
|
| 00:15:20 | I've got the who predicted all
of this standing by for what
washington's going to do about
it if anything.
|
| 00:15:27 | I want your take too.
|
| 00:15:27 | Get your cell phones ready.
|
| 00:15:28 | Tonight's text question just
moments away.
|
| 00:15:30 | Tell us what you think.
|
| 00:15:32 | The president wants to cut small
business, right?
|
| 00:15:36 | Taxes.
|
| 00:15:37 | John boehner says, not so fast.
|
| 00:15:40 | But mitt romney says the
president, he's the one who is
antibusiness.
|
| 00:15:47 | Don't you believe it.
|
| 00:15:48 | We've got the truth.
|
| 00:15:51 | After we call out republican
governor john kasich for his all
white cabinet today, kasich
responds.
|
| 00:15:58 | You'll love this one.
|
| 00:16:01 | And republicans want to make a
point about individual mandate.
|
| 00:16:04 | So they want everybody in south
dakota to just buy a firearm.
|
| 00:16:10 | Boys, you're shooting blanks on
this one.
|
| 00:16:11 | All coming up.
|
| 00:16:42 | ]
[ breathes deeply, wind blows ]
♪♪ ♪♪
|
| 00:16:49 | something wrong with your squeegee, kid?
|
| 00:16:51 | !
|
| 00:16:52 | You gonna let a sore throat beat you?
|
| 00:16:54 | You're fearless!
|
| 00:16:55 | This building is tough,
but it's never seen the likes of you before.
|
| 00:16:58 | Are you going to be a champ or a chump?
|
| 00:17:00 | A champ! show me!
|
| 00:17:02 | Ahhhhhhhhh!
|
| 00:17:03 | Atta boy!
|
| 00:17:05 | Ahhhhhhhhh!
|
| 00:17:06 | [ Male Announcer ] HALLS.A PEP TALK IN EVERY
Drop.
|
| 00:17:08 | With triple soothing action.
|
| 00:17:10 | [ bell dings ]
Man makes good man makes bad.
|
| 00:17:25 | Make your own governor romney.
|
| 00:17:30 | With wall street helping jack up
food prices around the world we
have lots of instability
throughout the middle east.
|
| 00:17:37 | What will washington do about it
if anything?
|
| 00:17:42 | Former north dakota senator
byron dorgan joins us on that
story.
|
| 00:17:44 | It's time to get your cell
phones out.
|
| 00:17:45 | I want to know what you think.
|
| 00:17:45 | Tonight's text question.
|
| 00:17:49 | Is wall street's speculation in
global food prices a national
security problem?
|
| 00:17:56 | Text a for yes, text b for no to
622639.
|
| 00:18:01 | We'll bring you the results
♪♪ work, work all week
long ♪♪
|
| 00:18:05 | ♪♪ punching that clock from dusk till dawn
♪♪
|
| 00:18:07 | ♪♪ countin' the days till friday night ♪♪
|
| 00:18:08 | ♪♪ that's when all the conditions are right
for a good time ♪♪
|
| 00:18:11 | [ Male Announcer ] ADVANCED TECHNOLOGY THAT
Helps provide
cleaner air, cleaner water,
and helps make all of us more energy efficient
is something the whole world can get in step
with.
|
| 00:18:20 | [ static ]
♪♪ I need a good time ♪♪
|
| 00:18:23 | [ Male Announcer ] ECOMAGINATION FROM GE.
|
| 00:18:25 | It's technology that makes the world work.
|
| 00:18:30 | ♪♪ ♪♪
|
| 00:18:33 | [music playing]
confidence available in color.
|
| 00:18:40 | Depend®® colors for women.
|
| 00:18:41 | Looks and fits
like underwear.
|
| 00:18:43 | Protects like nothing else.
|
| 00:18:44 | Depend®®. good morning.
|
| 00:18:46 | Great day.
|
| 00:20:26 | >>> Welcome back.
|
| 00:20:27 | Thanks for watching tonight.
|
| 00:20:34 | Food riots across the middle
east and wall street has their
fingerprints all over it.
|
| 00:20:36 | Don't think it can't happen
here.
|
| 00:20:37 | I mean, folks, we did have $4 a
gallon gas didn't we on
speculators?
|
| 00:20:41 | And it could happen again.
|
| 00:20:42 | The usda predicts our food
prices are going to be going up
this year.
|
| 00:20:47 | President obama campaigned on
doing something about this.
|
| 00:20:49 | But we haven't seen any results
as of yet.
|
| 00:20:53 | I know there is a lot going on.
|
| 00:20:54 | And with republicans in control
of the house, it's not clear we
will get anything done until
it's too late.
|
| 00:21:03 | Let's bring in north dakota
senator byron dorgan just
recently out of the senate who
sat on the commerce committee
among others.
|
| 00:21:10 | Comes from a farm state and
predicted more than ten years
ago what deregulation was going
to mean to this country.
|
| 00:21:16 | Senator, thanks for staying with
us tonight.
|
| 00:21:22 | I appreciate your time.
|
| 00:21:23 | How did this all happen?
|
| 00:21:23 | If you can just pin it down for
us.
|
| 00:21:25 | How did this all happen?
|
| 00:21:28 | >> Well, you know, the congress,
the government gave a green
light to the big financial firms
in this country and said, do
what you want to do.
|
| 00:21:35 | We won't look.
|
| 00:21:39 | We'll put regulators who are
willfully blind in place and you
do whatever you want to do.
|
| 00:21:45 | The result has been unbelievable
speculation in the commodities.
|
| 00:21:47 | We've seen oil go to $147 a
barrel on day trading.
|
| 00:21:49 | Had nothing to do with supply
and demand.
|
| 00:21:51 | Had everything to do with greed
and speculation.
|
| 00:21:55 | Same is true now with food and
the interesting thing is we now
understand that what lights the
fuse in some of these countries
-- egypt, jordan, tunisia,
yemen, is the price of food
sparks the protests.
|
| 00:22:08 | It has people in the streets.
|
| 00:22:09 | Yes, there is a passion for
freedom but they're in the
streets driven at least in part
by this increase in food prices
and now as you say we see
fingerprints from wall street
all over this with unbelievable
excess speculation.
|
| 00:22:22 | >> And we know that the
republicans are not about
regulation.
|
| 00:22:24 | They're about deregulation.
|
| 00:22:25 | And we could see more of the
same.
|
| 00:22:30 | I mean, I don't see anything
stopping this freight train
coming.
|
| 00:22:31 | Do you?
|
| 00:22:34 | >> Well, we will see more of the
same.
|
| 00:22:36 | I know there was a financial
regulation and reregulation
passed by the congress but, you
know, frankly, it moved in the
right direction but it was a
feather dusting not a spring
house cleaning which is what we
really need.
|
| 00:22:48 | We need to go back and say,
look.
|
| 00:22:49 | These markets are there for a
purpose, legitimate hedging and
so on but when there is excess
speculation, get the speculators
out of those markets.
|
| 00:22:57 | If they're going to pervert
those markets get them out of
those market.
|
| 00:23:00 | See what they do.
|
| 00:23:01 | This issue of food pushing
people into the streets in other
countries is destabilizing to
the world.
|
| 00:23:03 | It has a national security
impact on this country.
|
| 00:23:13 | I think it's time for us to get
a grip and decide as a country
we won't allow this excess
speculation.
|
| 00:23:17 | It is dangerous to our future.
|
| 00:23:18 | >> Senator, you have conferenced
with hosni mubarak on numerous
occasions.
|
| 00:23:22 | How do you see today's
developments?
|
| 00:23:23 | How stubborn is he?
|
| 00:23:29 | What do you think the timetable
is going to be for him leaving
office?
|
| 00:23:31 | >> Well, I've met him both here
and also in cairo and I don't
know, I don't think anyone knows
exactly how this plays out from
this day forward.
|
| 00:23:40 | But, clearly, he has made some
concessions today.
|
| 00:23:48 | And we'll see what the egyptian
people think of that in the
coming days.
|
| 00:23:50 | But egypt is very important to
us and to the middle east and
you know the president is
playing I think a constructive
role in trying to push and yet
not push too far here so we'll
see in the coming days what this
means.
|
| 00:24:00 | Clearly, president mubarak is
not going to run for
re-election.
|
| 00:24:04 | He told the egyptian people
today.
|
| 00:24:06 | That is a significant step
forward.
|
| 00:24:08 | >> Do you think the protests
brought him to this point?
|
| 00:24:10 | The guy is 82 years old.
|
| 00:24:12 | He says he wants to die in
egypt.
|
| 00:24:14 | Meaning he wants to stay with
some dignity in his own country.
|
| 00:24:19 | The bottom line here is that
these protests aren't going to
stop so there's still a lot to
be decided about his future.
|
| 00:24:27 | >> Well, he doesn't look 82
years old by the way but he's
been there a long time.
|
| 00:24:31 | There's a built up passion by
the egyptian people.
|
| 00:24:33 | They want the taste of freedom
more than he has given them and
we'll see.
|
| 00:24:38 | >> What is your opinion of
possibly an extremist coming to
power in that country?
|
| 00:24:41 | >> Well, I worry about that.
|
| 00:24:42 | I think we worry about that not
just in that country but other
countries as well.
|
| 00:24:48 | You know, that you saw that the
leader of jordan took action
today to form a new government.
|
| 00:24:50 | Having a lot to do with food
price increases that concerned
the people in jordan but --
>> what do you make of the
president saying that he needs
to move now?
|
| 00:25:03 | mubarak -- the president
came out today and said you need
to move on this now.
|
| 00:25:06 | What does that mean?
|
| 00:25:07 | >> Well, I think the president
is trying to push and yet not
push too far.
|
| 00:25:13 | I think he has pushed to the
point that had an influence on
what president mubarak said and
that was that I'm not going to
seek re-election.
|
| 00:25:22 | I think president mubarak is
hoping that will satisfy the
egyptian people because that
election would occur later this
year.
|
| 00:25:27 | We'll see.
|
| 00:25:29 | I hope very much that this gets
resolved the right way, the
people of egypt live in freedom
in the future, and I also hope
we understand from this
circumstance that we have to do
something about excess
speculation and commodity
markets, not just with respect
to the situation in egypt but
here at home as well -- food,
oil, and other commodities.
|
| 00:25:47 | That's for hedging not for
speculation and excess gambling
that's going on.
|
| 00:25:51 | >> Senator dorgan, thanks for
your time tonight.
|
| 00:25:52 | Appreciate it very much.
|
| 00:25:55 | We'll stay on this story
tomorrow with the people
standing in the way of fixing
this.
|
| 00:26:00 | We're naming names tomorrow here
"
still ahead, it's supposed to be
some kind of joke.
|
| 00:26:06 | We're not laughing.
|
| 00:26:08 | The proposed bill in south
dakota.
|
| 00:26:10 | Turn 21, buy a gun, and spread
the fear in the name of
self-defense?
|
| 00:26:18 | Former massachusetts governor
mitt romney, for it before he
was against it.
|
| 00:26:24 | He's the defacto leader of a
pack of republicans who once
supported the individual mandate
in health care.
|
| 00:26:31 | The list -- that is -- the gop
is shifting all over on this.
|
| 00:26:40 | We'll bring you that story.
|
| 00:26:40 | Stay with us.
|
| 00:27:14 | geico
the
radio.
|
| 00:27:15 | Gecko: kate from mill valley, it's all yours.
|
| 00:27:16 | Kate: well, I'm shopping for my first car.
|
| 00:27:18 | I do hope you'll choose geico
..
|
| 00:27:20 | I bet you'd
look great in a blue car.
|
| 00:27:23 | ..actually, I'm torn between a fuel-injected
inline-6 and a higher torque turbo diesel.
|
| 00:27:28 | ..now that's quite a quandary!
|
| 00:27:31 | Umm, I mean of course you could save either
way.
|
| 00:27:33 | cause
I'd go with the blue one.
|
| 00:27:35 | 15 minutes couldsave you 15%
or more on car insurance.
|
| 00:27:43 | ]
house
cappuccinos.
|
| 00:27:45 | ♪♪ ♪♪
|
| 00:27:47 | ♪♪ ♪♪
|
| 00:27:51 | maxwell house international.
|
| 00:27:53 | Stop your world.
|
| 00:27:55 | ♪♪ ♪♪
|
| 00:30:18 | >>> welcome back to "the ed
show" and thanks for watching
tonight.
|
| 00:30:21 | The republican assault on health
care reform continues.
|
| 00:30:23 | Senate gop leaders are forcing a
vote on repealing the health
care law.
|
| 00:30:28 | district judge in
florida ruled that the
individual mandate provision was
unconstitutional.
|
| 00:30:35 | Now, some republicans who once
supported a mandate for health
insurance are pumping the
brakes.
|
| 00:30:42 | Take mitt romney for example who
enacted an individual mandate as
governor of massachusetts, turns
out he was only for the mandate
before he was against it.
|
| 00:30:55 | >> We are a federalist system.
|
| 00:30:55 | We don't need the federal
government imposing a one size
fits all plan on the entire
nation.
|
| 00:31:00 | >> What he was talking about
specifically was this
requirement that people buy
health insurance and you had
exactly that same requirement in
massachusetts.
|
| 00:31:07 | Why is it right for a state to
impose that kind of a mandate
and not the federal government?
|
| 00:31:11 | >> Well, states have rights that
the federal government doesn't
have.
|
| 00:31:16 | Under the tenth amendment of the
constitution the powers of the
federal government are
specifically limited.
|
| 00:31:21 | >> So, massachusetts health care
is not a model for national
reform according to mitt romney
today?
|
| 00:31:27 | Let's see what mitt romney of
2009 would have to say about
that.
|
| 00:31:31 | >> Massachusetts is a model for
getting everybody insured in a
way that doesn't break the bank
and doesn't put the government
into the driver's seat and
allows people to own their own
insurance policies and not have
to worry about losing coverage.
|
| 00:31:41 | That's what massachusetts did.
|
| 00:31:45 | >> All right, mister.
|
| 00:31:46 | We know you're distancing
yourself because you want the
gop nomination in 2012 but don't
feel bad, mitt.
|
| 00:31:52 | You're not alone.
|
| 00:31:55 | Here's a partial list of fellow
republicans who have supported
the health care mandate since
their party first proposed it in
1993.
|
| 00:32:06 | Senator robert bennett, senator
kit bond, congressman william
klinger, senator william s.
|
| 00:32:10 | Cohen, senator john danforth,
senator robert dole.
|
| 00:32:13 | Okay.
|
| 00:32:17 | There are a lot of names here.
|
| 00:32:18 | Let's speed it up a little.
|
| 00:32:20 | Senator pete dmin chi,
congressman wayne gilchrest.
|
| 00:32:21 | Senator gordon.
|
| 00:32:25 | Congressman grassley.
|
| 00:32:25 | Senator hatch.
|
| 00:32:36 | I'm trying to speed things up
because there are so many of
them.
|
| 00:32:40 | So let's just wait a minute
here.
|
| 00:32:42 | Chuck grassley was on that list.
|
| 00:32:42 | This chuck grassley.
|
| 00:32:43 | >> Not have an individual
mandate.
|
| 00:32:47 | I think it's a violation of the
constitution for the federal
government to tell you you have
to buy something.
|
| 00:32:53 | >> And let's not forget that
orrin hatch once supported the
mandate, too.
|
| 00:32:56 | This orrin hatch.
|
| 00:33:00 | >> This would be the first time
in history that the federal
government requires you to buy
something you don't want.
|
| 00:33:03 | >> See, mitt?
|
| 00:33:07 | You're not alone.
|
| 00:33:08 | They're all plenty of
flip-flopping republicans out
there and now they're not even
running for president.
|
| 00:33:12 | They just want to hurt the
current president.
|
| 00:33:20 | That's what it's all about.
|
| 00:33:21 | Here's another strange way to
attack health care.
|
| 00:33:22 | Come up with a law that requires
every adult to buy a gun.
|
| 00:33:28 | And while you're at it try to
exploit the fears of gun owners
in the wake of the arizona
shooting.
|
| 00:33:34 | President obama is bad for
business they say even though
the stock market has steadily
rebounded through his
presidency.
|
| 00:33:42 | He is bad for business?
|
| 00:33:43 | That's what they say.
|
| 00:33:45 | Even though he is the one
calling for another tax break
for small businesses.
|
| 00:33:50 | And even though this man house
speaker john boehner has
rejected the idea.
|
| 00:33:52 | That's next. complete.
|
| 00:33:59 | Like what you get fromcentrum silver ultra
women's,
the most complete multivitaminfor women over
50.
|
| 00:34:04 | It has vitamin d,
which emerging science suggestssupports breast
health,
centrum silver ultra women's.
|
| 00:34:12 | family
attack.
|
| 00:34:13 | If anything, I thought I'd get hit by a bus,
but not a heart.
|
| 00:34:16 | My doctor put me onan aspirin regimen
to help protectmy life.
|
| 00:34:19 | [ Male Announcer ]BE SURE TO TALK TO YOUR
Doctor
before you beginan aspirin regimen.
|
| 00:34:22 | Check with your doctor
because it can happento anybody.
|
| 00:34:27 | greatness
dsrl.
|
| 00:34:30 | Prepare to be twisted, licked, and dunked.
|
| 00:34:34 | Get 'em boys!
|
| 00:34:36 | ♪♪ ♪♪
|
| 00:34:40 | ♪♪ ♪♪
|
| 00:34:43 | [ all slurping ]
[ whistle blows ] WINNER!
|
| 00:34:46 | Come on ref!
|
| 00:34:48 | ! mcenroe?! mcenroe?!
|
| 00:34:49 | I thought you retired?
|
| 00:34:51 | This isn't the end!
|
| 00:34:53 | ♪♪ ♪♪
|
| 00:37:01 | >>> welcome back to "the ed
show" and thanks for watching
tonight.
|
| 00:37:03 | I want to do some role reversal
here with this story.
|
| 00:37:05 | Just bear with me.
|
| 00:37:08 | I want you to pretend for just a
moment that we have a republican
president.
|
| 00:37:10 | Okay?
|
| 00:37:17 | Hold it right there.
|
| 00:37:17 | That we have a republican
president.
|
| 00:37:18 | There is a republican in the
white house.
|
| 00:37:19 | It's not president obama.
|
| 00:37:20 | Now let's do this story.
|
| 00:37:23 | The dow jones industrial average
closed over 12,000 points today.
|
| 00:37:28 | The best finish since before the
economic collapse of 2008.
|
| 00:37:34 | The best finish since the
economic collapse of 2008.
|
| 00:37:39 | Now, on the last president's
last day, we won't mention
names, because you see we have a
republican president.
|
| 00:37:45 | We're playing here.
|
| 00:37:46 | In the last president's last day
in office the dow closed at
under 8,000.
|
| 00:37:49 | That means between the president
we have right now, his
inauguration day, and today, the
dow has jumped up 50%.
|
| 00:37:59 | Hold it right there.
|
| 00:38:04 | What do you think the
republicans would be saying if
there was a republican in the
white house about the
performance of the stock market?
|
| 00:38:16 | DO YOU THINK mitch McConnell and
john boehner would be out there
saying, look at the stock
market.
|
| 00:38:20 | This is our leadership.
|
| 00:38:22 | Hum.
|
| 00:38:23 | Now let's get back to reality.
|
| 00:38:27 | Barack obama is a democrat and
he's in the white house and yet
conservative leaders and
republican politicians still say
he's the most anti-business
president ever.
|
| 00:38:38 | This is what really infuriates
me is because we don't have any
honest brokers.
|
| 00:38:44 | Here is our friend the mittster.
|
| 00:38:45 | Mitt romney again.
|
| 00:38:48 | We can't seem to get enough of
him tonight can we?
|
| 00:38:52 | >> Almost everything he has done
in his first two years has made
it more difficult for our
economy to grow.
|
| 00:38:57 | It's been the most
anti-investment, anti-jobs,
anti-growth administration we've
sneen a long, long time.
|
| 00:39:03 | >> Anti-growth.
|
| 00:39:07 | So president obama's
anti-growth.
|
| 00:39:11 | Just ignore the 18 straight
months of growth in the
manufacturing industry.
|
| 00:39:15 | Obama is anti-jobs except for
the 1 million private sector
jobs added in the worst economy
in 80 years.
|
| 00:39:22 | And that happened in this past
year.
|
| 00:39:24 | And president obama is, get
this, anti-investment.
|
| 00:39:28 | But yesterday the white house
proposed extending capital gains
tax breaks for small businesses.
|
| 00:39:34 | Again.
|
| 00:39:35 | This would be the 18th tax cut
for small businesses undertaken
by the obama administration.
|
| 00:39:41 | That's if you're scoring at
home.
|
| 00:39:44 | If the republicans let it
happen, that is, house speaker
john boehner's office rejected
the president's proposal again.
|
| 00:39:53 | A spokesman for his office said,
quote, it seems the only thing
new being offered by the white
house is another catch phrase,
not until the administration is
prepared to break down
washington barriers to create
the job creation mandates,
costly regulations, and economic
uncertainty will we see renewed
confidence from american small
business owners.
|
| 00:40:18 | Hold it right there.
|
| 00:40:19 | Just so we have this right, the
stock market has gone up 50%.
|
| 00:40:25 | I'm just asking you tonight
watching "the ed show" to be a
fair minded american.
|
| 00:40:28 | If you were to take your money
and invest it somewhere and just
a few years later come back with
a 50% return on money, would you
think you were doing pretty
good?
|
| 00:40:41 | This is why I'm going to bare my
soul to you tonight and tell you
that it's hard for me but i
despise the republicans because
they are not honest brokers when
it comes to this economy.
|
| 00:40:54 | All they do is talk it down
because that's what they're
really good at because it's
about defeating president obama
and I will tell you that stock
market could go from 12,000 to
14,000 to 16,000 and the
mittster and bainer and
McCONNELL, THEY'D ALL BE SAYING
The same thing.
|
| 00:41:12 | Joining me tonight is david k.
|
| 00:41:13 | Johnston a columnist for
com, a pulitzer prize
winning author, and former tax
columnist for the "new york
"
good evening, david.
|
| 00:41:22 | Great to have you on "the ed
show" tonight.
|
| 00:41:24 | >> Good evening.
|
| 00:41:27 | >> What do you make of this
stock market?
|
| 00:41:28 | Doesn't the president get just a
little bit of credit?
|
| 00:41:33 | >> Well, presidents always want
credit when the market goes up
and not when it goes down but
the fact is we've had very good
recovery in the market.
|
| 00:41:44 | Not in jobs, not in a lot of
other areas but in the stock
market and, no.
|
| 00:41:46 | The republicans aren't giving
him any credit and, you know,
ed, the crucial thing the
republicans are doing here is
there is this vague attack.
|
| 00:41:55 | Ownerous regulations.
|
| 00:41:56 | Of course lots of regulations
are sought by business.
|
| 00:42:00 | Many regulations promoted by
republican legislators acting on
behalf of businesses who want to
constrain competition, who want
to artificially inflate prices
and use regulation for their
benefit, and the president has a
list of specific
accomplishments, a five-year
reachback on taxes in the past,
losses.
|
| 00:42:18 | The expensing of a half million
dollars a year of capital
equipment.
|
| 00:42:24 | Very few small businesses spend
more than $500,000 a year on
capital equipment.
|
| 00:42:28 | Just a few years ago the level
was $175,000.
|
| 00:42:29 | Where is the specific list?
|
| 00:42:34 | johnston, why can't the
republicans just fess up that
this is good stuff for business?
|
| 00:42:42 | They're painting this picture
that he's bad for business, that
he can't do anything right.
|
| 00:42:45 | It's all about winning the white
house, isn't it?
|
| 00:42:47 | It's not about creating jobs.
|
| 00:42:49 | >> It is absolutely about
winning the white house and also
the -- here I would fault the
press.
|
| 00:42:55 | They're not saying to the
republicans, well, where are
your specific plans?
|
| 00:42:57 | Which onerous regulations?
|
| 00:43:00 | How will your plan work better?
|
| 00:43:02 | By the way, the biggest question
of all which you talked about
earlier, when are you going to
take the burden of health care
off the backs of small business?
|
| 00:43:07 | >> Yeah.
|
| 00:43:11 | >> There is nothing more you
could do to create jobs and to
help small business in america
than to get health care off the
backs of small business.
|
| 00:43:20 | >> Well, I've said all along
that it's a travesty.
|
| 00:43:21 | We didn't get a congressional
budget office report on
universal health care.
|
| 00:43:26 | Universal health care would be
the best thing this country
could ever have.
|
| 00:43:29 | It would be the best thing that
small businesses could ever get.
|
| 00:43:37 | But of course we're finding out
it's not about small business.
|
| 00:43:39 | It's about big business.
|
| 00:43:41 | It's about rates to small
businesses, the restriction of
money to the people who want to
be the entrepreneurs, until the
right dude gets in the white
house.
|
| 00:43:46 | That's how I rate it.
|
| 00:43:50 | >> Ed, I agree with you about
that.
|
| 00:43:51 | It is also about finding ways to
keep small business from being
able to compete.
|
| 00:43:56 | One of the ways you do that is
health care.
|
| 00:43:59 | So long as we have the current
system, big businesses pay what
is essentially the real cost of
health care, little businesses
pay a premium which puts them at
a further disadvantage to
compete.
|
| 00:44:09 | So you want to suppress small
business, you continue to pursue
our current program which leaves
a quarter of americans at some
point each year with no health
care, 1/6 of americans with no
care, over 120 people a day
dying unnecessarily.
|
| 00:44:24 | >> No doubt.
|
| 00:44:24 | >> Because the only thing they
have access to is emergency room
care.
|
| 00:44:28 | >> And we need to sound the
alarm that this narrative that
the republicans have got out
there about president obama
being anti-business is bogus.
|
| 00:44:32 | Look at the facts.
|
| 00:44:37 | >> Yes.
|
| 00:44:38 | johnston great to
have you with us tonight.
|
| 00:44:41 | Hope you come back on "the ed
"
the mounting troubles for ohio
governor john kasich.
|
| 00:44:47 | Yesterday an african-american
state senator came on this show
and told you kasich said, quote,
I don't need your people.
|
| 00:44:54 | Today the governor tries to deal
with the problems of his all
white cabinet but not very
successfully.
|
| 00:45:00 | Plus, your last chance to answer
tonight's text question before
we get the results.
|
| 00:45:06 | And a new gun proposal, just
perfect for the wild, wild west.
|
| 00:45:08 | You're watching "the ed show" on
msnbc.
|
| 00:45:09 | Stay with us.
|
| 00:45:09 | WE'RE RIGHT BACK.[ Male Announcer ]EARLIER
Today, your living room was game day central.
|
| 00:45:15 | [ cheering ]
A place for friends, family,
and your husband's trademark victory dance.
|
| 00:45:20 | [ cheering ]
Now the crowd is gone.
|
| 00:45:23 | And all that remains is the stink.
|
| 00:45:25 | [ dog barks ]
But you're ready because febreze air effects
cleans away tough game dayodors in the air.
|
| 00:45:31 | Sweat-socks, chicken wings,garlic dip.
|
| 00:45:34 | And leaves a light fresh scent.
|
| 00:45:37 | Febreze air effects.
|
| 00:45:38 | Just one of the many ways
to keep your home freshwith febreze.
|
| 00:46:16 | >>> Still not too late to answer
tonight's text question.
|
| 00:46:18 | Is wall street speculation in
global food prices a national
security problem?
|
| 00:46:20 | Text a for yes, b for no to
622639.
|
| 00:46:27 | Results shortly.
|
| 00:46:29 | While the country still suffers
from the effects of the last
administration, former florida
governor jeb bush says, quote,
if I ran for office, I would be
a proud younger brother of
bush and a proud son
of george h.w. bush.
|
| 00:46:45 | Governor bush says he's not
interested in running for
president in 2012 but didn't
close the door on 2016 and he
thinks in time his brother's
legacy will improve.
|
| 00:46:57 | Governor john kasich sends out a
news release commemorating black
history month but he can't paper
over the fact that he still has
an all white cabinet.
|
| 00:47:01 | 'd be days like this ♪♪
|
| 00:47:17 | ♪♪ "there'll be days like this,"mama said
♪♪
|
| 00:47:21 | ♪♪ mama said, mama said ♪♪
|
| 00:47:22 | ♪♪ mama said, "there'll be days like this"
♪♪
|
| 00:47:24 | [ Male Announcer ] THE TOUGHEST JOB ON THE
Planet
just got a little easier.
|
| 00:47:27 | With one-touch technology and even an air
scrubber.
|
| 00:47:30 | The all-new nissan quest.
|
| 00:47:32 | Innovation for family. innovation for all.
|
| 00:47:36 | ♪♪ ♪♪
|
| 00:47:40 | ]
pro.
|
| 00:47:41 | Executor of efficiency.
|
| 00:47:43 | ..
|
| 00:47:45 | While going shoeless and metal-free in seconds.
|
| 00:47:50 | AND YOU...RENT FROM National.
|
| 00:47:52 | BECAUSE ONLY National
..and
go.
|
| 00:47:56 | You can even take a full-size or above,
and still pay the mid-size price.
|
| 00:48:01 | ..will work.
|
| 00:48:03 | [ Male Announcer ]JUST LIKE YOU, BUSINESS
Pro.
|
| 00:48:05 | Just like you.
|
| 00:48:06 | GO National.GO LIKE A PRO.
|
| 00:49:17 | >>> Welcome back to "the ed
"
thanks for staying with us
tonight.
|
| 00:49:21 | This is a favorite one of mine.
|
| 00:49:22 | Because we're not going to let
it go.
|
| 00:49:23 | Ohio governor john kasich is
trying to make his racial
diversity problem disappear.
|
| 00:49:30 | Kasich is taking heat because
he's the first ohio governor in
nearly 50 years to appoint an
all white cabinet.
|
| 00:49:33 | I guess everybody was wrong for
50 years.
|
| 00:49:36 | Ohio state senator nina turner
appeared on this program last
night to discuss her call for
governor kasich to add a person
of color.
|
| 00:49:46 | I asked her if she thought the
governor was a racist.
|
| 00:49:50 | Do you think the governor of
ohio is a racist?
|
| 00:49:55 | >> Well, I'm not sure, ed.
|
| 00:49:56 | That is a question you need to
ask him.
|
| 00:49:59 | But I will say that his actions
so far certainly shows a strong
insensitivity and appreciation
for diversity.
|
| 00:50:07 | You know, our diversity is our
strength and we should embrace
it.
|
| 00:50:12 | >> Governor kasich must have
rabbit ears.
|
| 00:50:14 | Just today he issued a statement
commemorating black history
month and announcing a director
of minority affairs.
|
| 00:50:21 | Kasich named lynn stevens, a
person of color, to the
position.
|
| 00:50:25 | That's great news.
|
| 00:50:26 | But there's a slight problem.
|
| 00:50:27 | Think progress points out
stevens has been the director of
minority affairs for nearly a
month and the position is not
cabinet level.
|
| 00:50:35 | Nothing has changed.
|
| 00:50:36 | Kasich still has 23 white
cabinet officers.
|
| 00:50:41 | We invited governor kasich to
come on the program tonight to
give us his take, his office has
yet to respond.
|
| 00:50:50 | We'd like to have him come back
tomorrow night.
|
| 00:50:51 | I guess the subject would be
innovative hiring.
|
| 00:50:54 | The topic was on fire on my
radio show today and with record
unemployment the issue of quotas
isn't easy to swallow for a lot
of americans.
|
| 00:51:03 | But it's hard to believe that
governor kasich can't find one
qualified person of color in the
entire state of ohio to be on
his cabinet.
|
| 00:51:13 | And isn't it interesting
tonight, e-mailer from ohio
writes me and says that jerry
RAY ORDERED ALL TVs TURNED TO
Fox news in the state cafeterias
of the ohio department of
transportation chief jerry ray
sent that order out.
|
| 00:51:31 | Wouldn't have anything to do
with the fact that kasich used
to have a show over on fox, do
you think?
|
| 00:51:34 | Nah.
|
| 00:51:36 | Most states have a bird.
|
| 00:51:37 | Utah wants to have a gun.
|
| 00:51:42 | I guess so you can shoot the
state bird with the state gun.
|
| 00:51:45 | In south dakota they say they
are trying to make a point about
health care mandates by
proposing a law that would
require every adult to buy a
gun.
|
| 00:51:54 | Plus, the results of our text
survey.
|
| 00:51:55 | Stay with us.
|
| 00:52:27 | ♪♪♪♪♪♪♪♪♪♪
|
| 00:52:29 | I could not take
a deep breath
climbing
the stairs,
working in the garden, painting.
|
| 00:52:37 | My doctor suggested spiriva right then.
|
| 00:52:40 | Announcer: Spiriva is the only once-daily
inhaled maintenance treatment
for copd, which includes chronic bronchitis
and emphysema.
|
| 00:52:48 | I love what it does. it opens up the airways.
|
| 00:52:51 | Announcer: Spiriva does not replace fast-acting
inhalers for sudden symptoms.
|
| 00:52:55 | Stop taking spiriva and call your doctor
right away
if your breathing suddenly worsens, your
throat or tongue swells,
you get hives, have vision changes or eye
pain,
or have problems passing urine.
|
| 00:53:03 | Tell your doctor if you have glaucoma, problems
passing urine,
or an enlarged prostate, as these may worsen
with spiriva.
|
| 00:53:09 | Also, discuss the medicines you take, even
eye drops.
|
| 00:53:11 | Side effects include dry mouth, constipation,
and trouble passing urine.
|
| 00:53:14 | I can't do everything
I used to do.
|
| 00:53:18 | But there's a lot I can do that I was struggling
with.
|
| 00:53:21 | Announcer: Ask your doctorif once-daily spiriva
is right for you.
|
| 00:53:27 | ]
Jell-O.
|
| 00:53:30 | ♪♪ ♪♪
|
| 00:53:35 | four decadent flavors. 60 calories.
|
| 00:53:38 | IT'S ME O'CLOCK --TIME FOR Jell-O.
|
| 00:53:42 | of
country!
|
| 00:53:44 | [ both screaming ]
I got into one of the most expensive schools
in the country!
|
| 00:53:49 | [ Male Announcer ] WHEN STRESS GIVES YOU
..
|
| 00:53:52 | Alka-seltzergives you relief fast.
|
| 00:53:53 | [ Low male ] PLOP, PLOP. [ High male ] FIZZ,
Fizz.
|
| 00:53:57 | ]
[ laughs ]
That's so dumb.
|
| 00:54:16 | [ laughter ]
Nice.
|
| 00:54:19 | [ Male Announcer ]DON'T BE LEFT BEHIND. AT&T.
|
| 00:54:21 | The nation's fastestmobile broadband network
is getting faster with 4g.
|
| 00:54:33 | ♪ ♪
|
| 00:54:40 | cadillac cts sports sedan.
|
| 00:54:42 | Top-tier status edmunds.com.
|
| 00:54:45 | Right now get this attractive lease offer
on a cadillac cts sport sedan.
|
| 00:54:52 | ♪ ♪
|
| 00:54:53 | cadillac. the new standard of the world.
|
| 00:55:32 | >>> Our final story tonight,
guns.
|
| 00:55:33 | In the weeks since the tucson
shootings, there's been a fear
felt by many in this country.
|
| 00:55:41 | Fear that the government will
take away your firearms and
there will be more restrictions.
|
| 00:55:44 | So how are the states
responding?
|
| 00:55:52 | By making it easier to get them?
|
| 00:55:53 | Let's go to minnesota where
republicans are pushing a --
they want to eliminate the state
background check required to
purchase a gun.
|
| 00:56:00 | A house panel has approved the
repeal and they argued that the
state check is redundant.
|
| 00:56:05 | And here's what they mean by
redundant.
|
| 00:56:06 | Last year 541 people applied to
buy a gun in bloomington,
minnesota.
|
| 00:56:11 | The state background check
flagged 37 of those applicants
after a history of drugs or
mental illness showed up.
|
| 00:56:22 | Now, had the city of
bloomington, minnesota only
relied on the federal background
check all 37 of those applicants
would have been approved.
|
| 00:56:29 | Utah republicans want to be the
first in the nation to have
their own state gun.
|
| 00:56:31 | The browning m 1911
semiautomatic pistol.
|
| 00:56:46 | Here is how republican state
senate representative carl
whimmer puts it.
|
| 00:56:48 | Naming an official state firearm
is as harmless as naming an
official state cooking pot.
|
| 00:56:51 | Also from the category of you
can't make this stuff up,
something out of a clint
eastwood movie is taking shape
in south dakota.
|
| 00:57:00 | State representative hal wk is a
republican and is proposing a
bill that would force every
south dakotan over 21 years of
age to buy a firearm in order to
ensure ordinary self-defense.
|
| 00:57:14 | Residents are allowed to pick a
firearm suitable to their
temperament, physical capacity,
and preference.
|
| 00:57:17 | wick knows this measure
won't pass.
|
| 00:57:25 | He just wanted to take a swipe
at the federal health care law.
|
| 00:57:26 | You know, the mandate thing.
|
| 00:57:34 | And push the republican notion
that citizens shouldn't be
required to buy health
insurance.
|
| 00:57:36 | Time now to call in josh
horowitz the executive director
of the coalition to stop gun
violence.
|
| 00:57:39 | Josh, thanks for your time
tonight.
|
| 00:57:40 | Are we --
>> thanks for having me.
|
| 00:57:44 | >> Are we seeing more crazy gun
proposals in this legislative
session of all the states in
this country?
|
| 00:57:47 | What do you think?
|
| 00:57:50 | >> Well, look.
|
| 00:57:51 | It's been building for the last
couple years.
|
| 00:57:54 | This is just an attempt I think
by the nra and some republicans
to sort of normalize guns for
everybody at all times.
|
| 00:58:01 | Some of these laws, you know,
they're funny, right, the south
dakota law sort of makes you
chuckle but in reality south
dakota's got a serious gun
problem.
|
| 00:58:15 | It's the ninth leading state for
suicides and most of those are
firearms.
|
| 00:58:21 | Like arizona, it has very few --
it has no mental health check of
prohibited person, kind of
check, keep someone like jared
loughner from getting a firearm
so the idea of suggesting
everyone over 21 get a firearm
is --
>> in the state of utah 60,000
permits went out.
|
| 00:58:34 | 50,000 Of those weren't even
residents.
|
| 00:58:40 | >> Some of these states are
courting trouble opening their
concealed carry permits to folks
who don't live there.
|
| 00:58:47 | They don't have good records to
see who should be prohibited.
|
| 00:58:48 | The reciprocity is there between
a lot of different states.
|
| 00:58:50 | Maybe you live in minnesota.
|
| 00:58:54 | You get a utah permit and then
end up carrying in ohio.
|
| 00:58:57 | >> What about the minnesota --
the state background check
eliminating that and the federal
would have never caught the 37
people we talked about.
|
| 00:59:05 | >> Look, I do a lot of work in
virginia.
|
| 00:59:06 | The gun lobby is trying to do
the same thing.
|
| 00:59:07 | It is not redundant at all.
|
| 00:59:11 | There are a lot of state
prohibitions that only the state
police know about.
|
| 00:59:13 | If you don't check the data
bases you don't catch those
felons and it's terrible.
|
| 00:59:19 | >> So we haven't learned
anything from tucson it seems
like.
|
| 00:59:23 | Josh horowitz the coalition to
stop gun violence, thank you for
joining us tonight.
|
| 00:59:26 | Finally tonight the results of
our text survey.
|
| 00:59:27 | I asked is wall street's
speculation in global food
prices a national security
problem?
|
| 00:59:33 | 94% Of you said yes.
|
| 00:59:33 | 6% Of you said no.
|
| 00:59:34 | "
I'm ed schultz.
|
| 00:59:38 | For more information go to
com or check out my
radio website at we got ed.com.
|
