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Iran's nuclear weapons program and therefore if anybody is going to look out for the arab states, it's going to have to be the arabs themselves, and i know many people would say it's about time they got together but let's be clear here. an independent force such as they're talking act, i think would be primarily independent of the united states and the rick of conflict that we may not exactly want to see develop perhaps directly between the sunni arabs and the iranians is entirely possible as a consequence of a capability built up outside of u.s. control and command. >> what would that mean? l...

Economy in any other realm. i find that interesting. >> there are plenty of republicans who acknowledge we need to make cuts across the board and put up defense as a sector to look at. i think you're right that defense isn't necessarily, we shouldn't see defense as sort of a job creator, it is. and as biased as you think the report may be, it also included and put up some of the numbers about the other sectors that are going to potentially lose jobs in health care close to 50,000 jobs lost, construction close to 100,000 jobs lost. 473,000 in manufacturing and 617,000 federal jobs. i mean, we c...

here. we're standing, a lot of this was beach. we got here this morning. quickly it's already risen several feet. i was talking to the mayor. he said one of the big worries in this area is when you go past here, there's homes that's built on a cliff. at this point their worries not so much the wind, this is not going to be the kind of storm here where the wind is going to do catastrophic damage, but what they are worried about is, it's moving so slowly, and it's going to hit right before high tide which comes about 3:30 in the morning here, that they are worried that there may be so ...

Finally tonight on "the ed show," as promised, or exclusive interview now with one of the people on the front lines with the battle between wall street and working americans. bart chilton of the commodities futures trading commission, or cftc as it's known, good to have you here on "the ed show." i know our audience appreciates your time. let's start with the basics if we can. your office gave us a chart that shows the number of oil futures contracts rose from 617,000 back in the summer of 2008 to more than 1 million last month. i'm curious, can you prove that that's the cause of high gas pric...

I know our audience appreciates your time. let's start with the basics if we can. your office gave us a chart that shows the number of oil futures contracts rose from 617,000 back in the summer of 2008 to more than 1 million last month. i'm curious, can you prove that that's the cause of high gas prices? >> well, obviously there's some things going on in the middle east that you've covered. we also have some transportation issues, ed, with oil pipelines. i'm worried that the speculative interest is being masked by these obvious things that you and neighbors around the country talk about. and t...