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Could we wake up and some of those missiles cross the u.s.-mexico border and five commercial airliners are shot out of the sky because those weapons got in al-qaeda's hands? >> we are clearly in an unstable and very chaotic time in the middle east. but we tried, with the freedom agenda, to get ahead of this. whole idea with the freedom agenda was to say to friends of ours some of the monarchs who are our friends, to others, to reform now. i said in 2005 the united states had been for 60 years associated with authoritarianism. we had tried to trade democracy for -- and got neither. i remember v...

Against israel. could we wake up and some of those missiles cross the u.s.-mexico border and five commercial airliners are shot out of the sky because those weapons got in al-qaeda's hands? >> we are clearly in an unstable and very chaotic time in the middle east. but we tried, with the freedom agenda, to get ahead of this. whole idea with the freedom agenda was to say to friends of ours some of the monarchs who are our friends, to others, to reform now. i said in 2005 the united states had been for 60 years associated with authoritarianism. we had tried to trade democracy for -- and got neith...

It without bloodshed. >> political reform has come very late in the middle east and revolutions aren't pretty. when you have political reform this late you have a lot of anger and it has to work its way through the system. but we ought to be concentrating right now on helping people to create institutions into which that anger can be fed, where people can begin to advocate for themselves. we ought to be concentrating with these folks on what their constitutions are going to look like, what rights are going to be reserved. >> you seem far more optimistic than i would imagine. >> i'm optimistic ...

It without bloodshed. >> political reform has come very late in the middle east and revolutions aren't pretty. when you have political reform this late you have a lot of anger and it has to work its way through the system. but we ought to be concentrating right now on helping people to create institutions into which that anger can be fed, where people can begin to advocate for themselves. we ought to be concentrating with these folks on what their constitutions are going to look like, what rights are going to be reserved. >> you seem far more optimistic than i would imagine. >> i'm optimistic ...

This up, you are going down. this triple a rating that is investing sort of gold standard, you are going to lose it. a dozen countries have it now and half don't deserve it, us among them. but the implications are negative right now. what we are doing isn't stable and is only point to go negative. they obviously have to do the next thing and that's formally down grade but the next move is taking the triple a rating away. it's been feared and people have been waiting for it, gretta, but it is going to come. >> is it because of the fight over the debt ceiling that we are about to have? is it the...