Tarp Bill News Today

now. thank you for jumping on with us, our viewers have new seen it, what was your reaction when you learned this happened? >> well, thank you, sandra and john. thanks for being on with us today. yeah, this is a marine corps town, we were shocked, saddened and disgusted. >> john: we understand the marines were on leave from camp pendleton, some teens were lighting fireworks and i dont know if it was a simple request, or if it was some sort of pointed request from the marines to stop do...

yeanjanetyellen says governmentn out of cash june 5th. make payments of $130 billion to medicare, social security and veterans programs in early june. but then the government will only have what she termed, quote: an extremely low level of resources. it was another day without a deal. >> here we are, night after night after night and the pressure is more, the consequences are greater. we recognize that. we know details are thornier. >> workman dates for people to receive some federal s...

Disaster. were still trying to figure out rules on the arp bill. at the end of the day, you have to make sure every state has the right balance. im not going to speak for new york. the child tax credit needs to go to things like child care, making sure the nurses and teachers the have a place for their kids to get supported. we have a lot of rental assistance. we dont have a rental assistance problem. i want that money to be turned into more bricks and mortar housing: i guess my overall argument...

>> well, we did pass the tarp bill, which was a response to an emergency, right. but i think that was over a decade. that was at the end of bush continued into the beginning of obama. >> and, in fact, the last six years of barack obamas administration, there wasnt a significant piece of legislation passed. how do you move washington past where it is right now? >> well, there were some bills i have to say that got some support with a few republicans, but not in the way that you are talking about....

Programs that make life complex, but overall the fundamentals are capital accumulation is going to go through the roof due to our tax cut is the big one and human capital we need to work on. k-12 education higher educations teaching that free markets and businesses is bad. we have to change that narrative , get everybody back in the workforce, and thats the answer. neil: well see what happens professor, congressman very good seeing you again. >> thank you, neil. neil: all right and to the congre...

And forth but its the last two minutes that count. doug lived through those two minutes, ive lived through those two minutes. thats where it gets interesting. >> youve said the force of party discipline is incredibly strong, only in the rarest of instances has party discipline failed. does party discipline win the day? >> nobody can predict whats going to happen with any certainty including the speaker of the house or the president of the united states. party discipline usually prevails. the con...

Face and human voice on it, give them something they can really recognize, like theyre daughter or their niece, then maybe it would change their heart. >> so in 2009 we had folks who were protesting against something that hadnt even been formulated yet in terms of legislation with health care and now here we are eight years -- one second, here we are eight years later where we have a new health care law where 16 million people are covered under the affordable care act and now congress and the pr...

Itself. this was after lehman brothers failed. paulson and i and president bush were asking congress to pass the tarp bill that would provide capital so the government could make equity investments this banks and help restore financial stability. we had a meeting with the republican caucus and they were saying we dont want to do this. second of all, were not seeing any problems in our drikts. we see no problems at all. i said you will. i understood you cant have the collapse of financial system ...

He ignored everyone else. >> social distance f you look at the top number of people that he calls, there is an article last year, number one is larry think from black rock. number two is robert rubin. he is the typical wall street guy. >> isnt that true of every treasury secretary? who are we kidding? treasury secretary is basically like bros with banks. >> exactly. jack lu replaced peter orzog. then peter orzog goes to jp morgan. >> so why is it so bad when hes just another one of the essential...

Even if they do manage to spike this, it will be merely symbolic and theyll come back and theyll pass it again because i dont see harry reid accepting any type of amended version of this. i think this is a take it or leave it offer to the house, and if they vote to leave it today, theyre going to he wanted up voting to take it tomorrow or the day after. >> and, reid, youre take on that? if we dont get a bill out of the house the president has promised wait until the new congress is sworn in on j...