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Actual demand in the economy. we manufactured it and pretended it was there. we've been doing there,for three years. it has to stop at some point, but you have a deadly embrace between the banks on wall street and the congress. neither of which want to face the truth. can you not have government services that you refuse to pay for in current taxes. it's that simple, and that's what europe got in trouble with as well. >> the resolution, andrew liverus, the chief executive at dow kemp call, karl, was -- spoke recently at a committee for economic development meeting in which -- and ced actually w...

Process that has nothing to do with elections. let's look at hank paulson. he runs goldman sachs. he goes to the government regulators twice, gets them to drop leverage limits on the investment banks. they blow up a couple of years later while he's treasury secretary, and then we get to bail out if banks that blew up because they did stupid things with the leverage that he went and lobbied to get removed. >> you can't make it up, carl, you can't make it up. >> tim geithner's the same story. we have him as treasury secretary. he was the chief regulator of all of these important banks. he does n...

Treasury at the time counseled president clinton to apply absolutely no rules, no leverage limits for the top 1% of all investors in the world. here's what he had to say about that decision over the weekend. >> on derivatives, they were wrong. i think i was wrong to take it. the argument on derivatives was that these things are expensive and sophisticated and only a handful of investors will buy them. i was wrong about that i said that all along. now, i think if i had tried to regulate them because the republicans were in majority in congress, they would have stopped it but i should have been ...