Page 160 - It Doesnt Work News Today

Say this is what is happening. these rebels are -- these people, these gadhafi forces are doing this. and this at a time when as lynsey says, its gone geopolitical. this is a time when governments are about to commit lives and hundreds of millions of dollars into a conflict. and were trying to say, if thats the resources youre going to be putting into this conflict, if youre going to choose to interfere in this, this is the situation on the ground. and it is the same you risk you take that gets ...

Like soros said, we couldnt have more debt than a good economy. okay, look. its beyond any kind of -- i do believe that there are elements, soros, krugman, people like that who want to destroy the economy so they can build up a socialistic system. >> ben bernanke is one of the smartest guys. we did a whole hour on tonights show at 5:00 on the fed. ben bernanke, brilliant guy, right? yep. its not working. couey 1. 2, stimulus. tarp, is it t. doesnt work. in the last eight years your dollar has lo...

It doesnt work for the american people. >> bill: okay. but bernanke has to basically keep interest rates low to hope that the consumer drivers the economy up you. >> everyone around the world says we are insane for what we are doing. we are potentially. >> bill: im not going to go that far. [ laughter ] >> all im asking you to say is maybe the fed doesnt have our best interest at heart. >> bill: im not going to do that because im not sure about that. >> let me ask you this, they are a private co...

It doesnt work for the american people. >> bill: okay. but bernanke has to basically keep interest rates low to hope that the consumer drivers the economy up you. >> everyone around the world says we are insane for what we are doing. we are potentially. >> bill: im not going to go that far. [ laughter ] >> all im asking you to say is maybe the fed doesnt have our best interest at heart. >> bill: im not going to do that because im not sure about that. >> let me ask you this, they are a private co...

This is the situation on the ground. and sit the same risk you take that gets that journalist or that information that also puts people in peril. if it works for you, it comes off. if it doesnt work for you, you get the blame. >> is it hard being back? i know you want to come home after a situation like this, thats understandable. but its got to be strange at the same time to see this stuff going on. i always find it hard going from one world to the other. youre on a plane and the world keeps sp...

The front lines. you try to put yourself in a position where you can cut through this mess and say, this is what is happening. these rebels are -- these people, these gadhafi forces are doing this. and this at a time when as linsey says, its gone geopolitical. this at a time when governments are about to commit lives and hundreds of millions of dollars into a conflict. and were trying to say, if thats the resources youre going to be putting this into this conflict, if youre going to choose to co...

With the burden of it. do you see a need to overhaul, to reform those systems? >> of course. we need serious budget deficit reduction. but you dont do it by cutting taxes on the rich and expecting to recover all that money. thats what happened ten years ago. remember, contessa, when -- after bill clen ton was president, we had a higher tax rate for upper income people. 21 million jobs created, highest budget spur plus in american history. george bush came in 2001, tax cuts for the rich two wars ...

And he basically said thats warfare. it sounds to me as though -- and were hearing this from several republican leaders already, this is going to be the response to why would you steal from the poor and give to the rich. >> well, they -- you know, the great thing about republicans is they say -- they accuse us of class warfare. all were doing is pointing out what theyre doing. and what theyre doing is more tax cuts for the rich and more cuts to the middle class and the poor. look at hr-1, the bi...

Republican party and a small band there is able to force the hand of the speaker, rather than the speaker taking charge and saying to the public, heres what we believe in. >> yeah. theyre playing, eliot, theyre playing a lot of base politics and thats going to work for them with their base. it doesnt work so much in a general election. but let me just say this, republicans came to washington to cut spending. what john boehner is doing is making the point that ehes trying to get every single doll...

You know, you cannot get accurate information. we would ask the rebels, has brega fallen? they would say, yeah, we have brega, but they lie. >> this is one of those stories, this is one of those conflicts where if you were 20 miles behind the front line, you had as much idea what was going on as if you were 2,000 miles behind the front line. youre trying to cut through this -- this mess and say, this is what is happening, and its the same risk you take that gets that journalistic information tha...