they are eager to loan us more money at very low interest rates. the cost of debt compared to the cost of unemployment is incredibly low. a $1 trillion deficit costs us $25 billion a year to pay the interest on that. if we have an extra 10 million unemployed, that s $250 million lost forever each year. and so it s a 10-1 tradeoff. we re focusing on deficit reduction when we really ought to be focused on job creation. and we know how to do it. even if we all we care about is the deficit, still jobs creation is the answer. what we re doing now is just unimaginably stupid. right now, it seems to me like well, i ll just say it this way. we are not a show that very often leads with, what happened on the stock market today. i at least look at the landscape of american news and think that. i very rarely think that s the most important thing. i also spend a lot of time talking about what s politically realistic in america.
database search on monday, and found the delaware corp. papers. i called the delaware secretary of state s office. i ordered the incorporation and dissolution papers, saw the dates, saw the name cameron casey, and was able to sort of piece what we ve gotten so far together. is there any evidence that this company ever did anything other than form, give a million dollars to mitt romney, and disband? is there any evidence they did anything else? not in the public record. and that s precisely the question. and that s why there s going to be calls tomorrow from some campaign finance reform groups for a justice department and federal election commission investigation into this. look, it is a federal crime to give money in the name of another. that s called a straw donation. the justice department has made vigorous prosecutions of this over the years. this is sort of can be a form of this. if w spann had no other purpose but was only set up for to funnel money to restore our future, th
if w spann had no other purpose but was only set up for to funnel money to restore our future, the pac, then it is arguably a straw donation. somebody is trying to conceal their identity by using this arguably sham company to make this donation. michael isikoff, nbc news national investigative correspondent. michael, i love the way you think. i love this work. and the way you do it on this. thank you for following this trailing and thanks for joining us. thanks, rachel. the big recall election in wisconsin is tuesday. i have big news about that. ed schultz is going to be doing his show in madison starting on monday. tonight, all the latest in the big money fight over governor scott walker s union-busting play in wisconsin. that s coming up on the ed show. and here the best new thing in the world today is great news for american soldiers. and american soldiers have had a best new thing coming to them for a really, really long time, frankly. news i m really happy to report. com
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tomorrow. there is no positive way of spinning this. the dow jones industrial is down 512 points. stocks dropping 4% on the day, concluding their worst nine-day decline in two years time. since december 1 of 2008 was the last time we were down more than 400 points. blue chip suffering the 10th biggest drop on record today, down 513 points at 11,384. you can t say you can t be worried. that s a big number to lose in a day. more than 10% in the last 10 days or so. that s worrisome. and it is 4:00 on wall street. do you know where your money is? the dow fell nearly 513 points today. 155 of those points in the final very dramatic hour of trading. some of which you saw there. that s a drop of 4.3% in one day. the market s worst day since december 2008. and yes, december 2008 is when we were still in end of the world territory. the nasdaq and the s&p 500 did even worse than the dow did today.