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Senate's rule-making power. could they pass a rule that requires 99 votes to pass legislation? what about 67? now we're at 60 votes. it used to be the filibuster was the exception to the rule. it's now become the rule itself. it's been used to lead to this cynicism about government. notice it's used most by the party that most wants government frankly not to work. >> and that goes to the points that you guys are making in court. i'm going to use a television term, which is we're going to go to cloture and cut off debate for this segment. a filibuster joke, steven. >> i got you. >> you got it? ...

Country. >> the presidency is something we have lived with probably since franklin dell another roosevelt. with every president since democrat or republican the president has accumulated more power. everybody used it in their own way extended their powers beyond the founding fathers. this is no different. he who has the power makes the rules. that's why you have rules and legislative body. take the rule making power away from the individuals it is a major mistake. >> i am sorry but look at the two mounts we have been talking about. we have been talking about the filibuster and executive power....

Rule-making power. in this bill he tries to take away the legislative oversight of medicare, and it's -- it's a pattern which he's pursued and which makes in my opinion a dictatorial approach. >> senator, i hear when you say that it's not your job right now to set your own priorities. clearly the unions have said, yes, we accede to the governor's request. they're making contributions in different ways that will help close the budget gap. but where would you have preferred to see the governor close his budget? i think it is certainly a fair question that folks say to you, come on, you've got to...

>> we had this agency called the office of thrift supervision. >> they did really well. >> outdated thing. >> exactly. this agency does have rule making power. i want to point out this bill doesn't actually write as many rules as it tells other people to write rules. that's also a big concern to me because regulators haven't done a great job in the past so we're asking them to write 533 new rules to protect us. i don't know if they're going to do it. i think in the end when consumers have more information and it is concise and clearly articulated it is better. but in the -- at the end of the d...

The way you limit that exposure is to say banks can't be over a certain size and they can't take more than a certain amount of risk. they went part of the way there, they just didn't finish the job. >> because of all that pressure that was coming in from all sides. >> 2,500 lobbyists against hundreds of lawmakers. guess who won? the reality is i don't think it does that. it does do some good things. this consumer financial protection bureau will oversee the mortgage market and the credit card industry, they will have some rule making power. for us in our real lifbz, that may be a good thing. b...