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tv   The Young Turks With Cenk Uygur  Current  July 11, 2012 7:00pm-8:00pm PDT

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♪ you could tell, the first topic is jesse jackson
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jr. in his career he only had missed two votes until june 10th of this year. he has been out for a month and he has missed 80 votes. >> jesse jackson jr. is facing mounting pressure from fellow lawmakers to clarify the nature of his medical leave. he has been on leave since june june 10th citing physical and emotional ailments. he may not return until september, if at all. his father, reverend jesse jackson, said that his son's condition is worse than they initially thought. >> keep him in your prayers. we look forward to seeing him on account he has been recovering. >> cenk: that report from the lovely tamara hall. we have our regulars here, ana
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kasparian and jayar jackson and character armila, one of our producers here, and creator of moment of clarity welcome. >> thank you. >> cenk: should he tell he tell his con sitconstituents what is going on? >> i think at the moment he that is told them enough. he does not need to give all the details of his medical condition. even though he's an elected official and he is paid on tax dollars, he does not need to go into detail on his condition. he does not owe us too much of an explanation. >> cenk: i couldn't disagree more. does anyone in the country believe that it's really execs
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exhaustion. >> i'm excited that the media is covering a missing black person. this is groundbreaking. all right? this is not a young attractive white girl. it's amazing. >> cenk: fair enough. >> generally i tend to side on the side of privacy even if you are a public official. he has been gone. exhaustion is not enough detail. even if we don't know what it is he's out for, we need to know if this is a flu, are you going to be back in a couple of weeks or are you terminally ill. >> cenk: we just got breaking news and it's only fox news. but they're reporting that the jackson family has been saying that it's a moodies order. i don't know what that means either. >> it means that something is wrong with us and it's really not our business right now. okay jesse jackson, you have to come back in if you're losing
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your mind, say it on the floor of the congress. calm down. he's still a human being. like i said, it's been a month. that is not long enough for me. >> cenk: you got to clarify that for me. how long before you say, come on you got to tell us what is going on here. we've got an election here. >> he has been in office for 13 years. he has missed two votes in 13 years. give him a break. he has proven he's a responsible elected officials. he obviously must have had a breakdown or something that they're not comfortable discussing at the moment. >> this is a difference, though, first of all if i was out for a month, and i didn't tell my boss why i was out, i would be fired. he is different because he is a fumble--he is a public servant and he is hurting people who need his votes. >> cenk: associated press has confirmed his office has said
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it's a moodies order. it's better than exhaustion which is a code word for addiction. >> it's not oh he's on cocaine or he's in rehabilitation. >> i think a moodies order, are you kidding me? that probably is for life, first of all. you have to cope with it and just go through with this moodies order and work. i mean, there are plenty of people with moodies orders, but they're not out for a month. >> cenk: i don't know everybody who has a moodies orders. >> cenk: we still don't know what it is, lee you're the tiebreaker. should he come forward and say this is exactly what is wrong with me. that's why you need to give me space. i hope you have understanding. if you don't i get it. >> throw a tweet out there. just a tweet and we'll let you be. >> cenk: apparently our decision
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is give us a tweet. okay, but as we're deciding this apparently the jackson camp has decided at least the congressman jackson camp to say that it's a moodies order. there's your tweet. >> true breaking news is that the ap confirmed something that fox news said. >> cenk: right? that's two miracles in one story. now next story is a little bit lighter, to say the least. it's about big mac. they decided for some reason to reveal the secret sauce which they have never revealed before. what is more shocking, it is not thousand and island dressing. >> i'm chef dan the executive chef for mcdonald's. we have a question from christine. what is in the sauce that is in the big mac. we're going to make a version of the big mac with ingredients that are similar that you could buy at your local grocery store. here we have store-bought mayonnaise relish, and then a
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classic yellow mustard. here is a little bit of a white wine vinegar. then garlic powder onion powder and paprika. it gives a little bit of flavor and enhances the color a little bit. >> cenk: you might be wondering what the court is about. first of all i'm not sure that i believe it. i still think it's thousand island dressing. second of all, is it a trick to get us to buy more big macs. >> i mean, who cares what sauce is on the big mac. i want to know what the meat is made of and the bread. just because the sauce is healthy doesn't mean that i'll eat a big mac. >> it's not just the sauce but also who is making making this at home? how high do you have to be that you want to make a big mac at home? the whole point of the big mac is that it's the middle of the night, you're half drunk and you can't find your pants.
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>> cenk: if you can't find your pants and go out to get a big mac, you might have issues. how about this theory. if you try to make it at home, it will cost you $7.28. then you realize, oh my god, i don't know how they make this thing for as little that they do. >> if it costs you $7.28 you probably could make ten of them. if i go to a restaurant and i like something i go, i think i can make this at home. i'll recreate this at home. i'll make this at home and bring in five big macs tomorrow. >> cenk: if you bring this them, i'm in favor of it. but that's why i don't like to cook it at home. what am i going to do with five or ten big macs. >> the reality is mcdonald's has been working on this campaign to show that they're fancier than they really are. a lot of people thought that mcdonald's is disgusting and
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that's where you go when you're drunk. now they call themselves cafes and now we have a real chef who is helping you recreate this gourmet sandwich that you can get for $5. >> cenk: which i love. the original sauce who came up with the secret sauce is from 60 years ago. it ain't that guy. it appears that the court does agree that they're not doing this just for transparency. >> no. >> cenk: fair enough. we'll leave it there. lee, great to see you. we'll see you on the tyt network in a little bit online. now, when we come back, well, now we change topics again and change moods again. our government has ordered the execution of an u.s. teenageer without a trial. that devastating story when we return. >> this was the video of al alacky's teenage son.
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rrcuentt rator) the former governor of new york, eliot spitzer is on current tv. >>somebody somewhere can listen, record, track, gather this data. >>arrangements were made. >>(narrator) independent unflinching. >>there is a wild west quality to it that permits them to do whatever they wish. >>(narrator) and above all politically direct. >>facts are stubborn things. of sununu, you're wrong.
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mitt romney, you're wrong. we need more teachers, not fewer teachers and more cops and more firefighters that support our
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>>it's the place where democracy is supposed to be the great equalizer, where your vote is worth just as much as donald trump's. we must save the country. it starts with you.
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[ ♪ theme music ♪ ] >> cenk: now we often talked about the drone program on this show. it has taken a turn at a i would not have expected. they're giving medals of bravely for drone operators. quote, the pentagon is considering awarding a distinguished warfare medal to drone pilots who work on the military bases often far removed from the war battle. they've looked at six different designs for the war. bravery? it might be necessary. and you might say hey don't blame the guys who are pulling the trigger the decisions are made in the executive branch. i understand that. but your life is not in danger. you're thousands of miles away. the only danger you're in is if you eat a ham sandwich the wrong way. this is no award for bravery for pushing the button. sometimes we get the right guys. sometimes we get the wrong guys. would you believe me if i told
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you there was an u.s. teenager who agree up in denver who was executed without a trial with a drone strike? you might believe me if i told you, yeah, he was muslim, and he happened to be in yemen. and he was 16 years old and the son offal a lackey.: of all places fox news has a video. this was a taken a year before he was taken by a drone strike. >> this is a video offal airlocky's seen stage teenage son. he was 16 years old and there was no evidence that he was part of the yemen network.
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>> cenk: militant? militant? you're going to give the guy a medal for bravery when he was sitting in new mexico when he pushed the button. when the state department was asked to explain, they had this horrible explanation. >> what can you tell us about the death of al-awlak's son in yemen, and if it was an u.s. strike. >> i'm not sure where we are on that one. >> will it be released as senator feinstein has requested. >> as you know, i'm not going to discuss matters of that situation. >> cenk: that doesn't tell us anything. what about his 16-year-old son why did we kill him. when eric holder was asked to plain, he said well, it's okay. we don't have to give these guys trials. we got together and decided
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bombs away. one person who is not comfortable with that is tom junod. tom, let me give this to you. you say it's a war and an alter in a titch to war. it saves many lives by ending one life. but when war stops being war does it become something like murder. tom, that's obviously strong language. >> sure. >> cenk: what do you think here? do you think it's murder? >> i think that for whatever reason something in the bone of the human animal, the killing of individuals had been regarded as taboo. we are in a new zone when it comes to target-killing of individuals. it feels like murder. it sounds like murder. whether--i mean, there is a question of justification. is the killing of al-awl aki justified? is the killing of osama
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bin laden justified? could they have taken osama bin laden prisoner? and if they could have but they killed him on the spot, there are lots of questions to go with it. >> cenk: people may not recognize that we're purposely killing these guys rather than capturing them. that seem to be the case. >> sure. >> cenk: a lot of people would ask, why, why would we do that? >> well, i mean there is--i talked to a lot of people for the story. a lot of republican leaders that i talked to would say that we're killing them really as something as a matter of convenience. since we have shut down the detention and capture and interrogation program, we have really no choice. we have nothing to do with them but to kill them. the obama administration has rejected that outright, but they have good reason to. the numbers are pretty startling. there really has been no
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high-profile captures. this has been one high-profile capture of a reputed terrorist under the obama administration. there have been literally thousands of killings. >> cenk: it seems clear that this is not an accident. that you capture one and killed thousands. a lot of people are comfortable with that if you do that to bin laden or al-awlaki. but have they give a justification or a reason to why they killed his 16-year-old son? >> no, not even close. i talked to senator carl levin from michigan. he's head of the armed services committee, which overseas the lethal operations as well as other things. i asked him about it. he really had no clue. this is the guy who is charged with oversight and whose oversight is really supposed to be the counterweight to the
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executive branch's power in this regard. he had no clue at all about really what had happened. >> cenk: all right disturbing story. tom junod from "esquire," thank you for joining us. >> thank youthank you for having me. >> cenk: we're going to talk talk about the libor scandal it may have taken so much money out of our government that we had to sell landmarks to make up for it. >> the city is selling or leasing 16 of its historic sites. getting
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junk like it did at any an arby's in colorado. yikes. >> stephanie: i guess we do know where the beef is. [ buzzer ] >> that's wrong. [ ♪ theme music ♪ ] >> cenk: now you know we're in tough economic times. some of our cities have become so desperate they're thinking of selling off historical landmarks.
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but get a load of this news report from baltimore. >> more than a dozen historic landmarks in baltimore may soon be up to sell. but first the city wants to know how much money they will bring in. >> the city is weighing the cost of selling 5 of its historic sites. some of the properties are abandoned and old. the water tower is on the list. built back in 1905, the tower became defunct in 1930 and has fallen in grave disrepair. many residents say that the water tower belongs to the public. >> it's a part of baltimore and it's a historic long island markhistoric landmark. >> cenk: this is crazy what are they going to do, sell the washington monument next? it has something to do with
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libor. several areas across the country may have been effected by the libor. what happened, they said that libor sets the interest rates that a lot of these cities use for their financial products. so when they set the interest rates low they colluded to do that apparently, then the city got less money. peter shapiro explained it this way. unambiguously state and local government agencies lost money because of the manipulations of libor. the number is likely to be very, very big. in fact, nassau county in long island, they alone think they lost $13 million. this is one municipality in the toronto. he went on to say about 75% of major cities have contracts linked to this libor:
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baltimore's city solicitor said this. the injure we suffered during the time we suffered it hurt more because we were challenged budgets tearily every dollar we lost due to illegal conduct was a dollar we couldn't pay to keep open recreation centers or to pay police officers. this effected at least 75% of us, at least through the city governments, etc. because they took money basically out of our pocket. now i'm going to bring in an expert here on this. it happens to be our very own eliot spitzer. governor spitzer great to have you here. >> it is always here to chat with you. >> cenk: all right, let me start by saying this. they've got a multi national bank saying this is the banking industry's tobacco moment. it's that big. do you agree with that? do you think that the scandal is that gigantic? >> eliot: i think the scandal is that big.
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i think of all the multiple scandals that have touched over the last 20 years, this runs the deepest. libor is at the interest of every interest rate that sets your home mortgage, credit cards cards, municipal borrowing, a and it goes to the heart and soul, the bloodstream, as it were, of financial services. having said that, i don't jump to the conclusions that the damages of an individual municipality baltimore nassau, we can't yet determine how big those damages could be. sometimes they moved libor up, sometimes they moved it down. quantifying the damage is going to be very difficult. are there damages? absolutely. we don't know how big. i make this last point. the damages that municipalities suffered because of the houseing bubble and the housing bubble itself was the consequence we think--i think we could prove it
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without any doubt the consequence of banking failures and banking fraud in terms of mortgages and ratings on things that never should have been rated at all. that's what makes it difficult that's where the tax base collapsed. >> cenk: when you look at how many people it effected, how many products, down to the mortgages, you said, in essence because they rigged this in their favor. couldn't the whole world sue them? >> eliot: look, there are going to be lawyers happy for this for years. i used to be a lawyer. these lawsuits are going to go on for a long time. $800 trillion of debt is pegged to the libor rate. even if you move it one percentage point. you're talking big big money. what you have to understand is barclay's some days wanted to
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move the rate down. some days they moved it up. some days they move it to keep their traders happy. all of this is as corrupt as it could be. you know me, show me a banker, and i'll throw every nasty label at them in a second because i think that sector has done so much harm to our economy. jumping to baltimore knows the damage is big we're not there. we need to know what was bought, what swaps what the rates were, but it's a subtle issue. is this a tobacco moment for the industry? you bet. it shows they will stop at anything even respect with to the interest rate because they used it to be the foundation for every piece of that. >> cenk: barclays has admitted it. even in our graphic we have the u.k. flying in the background. but this is not just the u.k. barclays are the only ones who
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admitted it, so they're falling on their sword but don't all the 12 major banks set the rate. >> eliot: it's more than 12. barclays is the first one to complete its negotiation with the british and u.s. prosecutors and regulators. that's why they were the first ones in the door. they got an upside, probably got slightly more lenient deal, they got a lot more negative publicity because they were first, but they got a better deal. virtually every financial institution is under investigation for participation in this. the way the rate is set where all the banks get together and share the information of necessity, if you're going to move the rate more than one bank has to be involved. they take the top four, throw them out. take the bottom four, throw them out. everyone is going to be involved. this is going to be evidence if we think it is what we think it is of collusion that is absolutely heinous.
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the questions asked were the regulators involved? that is not yet proven. the bank of england, did they know about it. the new york fed, this infamous meeting that tim geithner went to on his calendar it says, fixing libor back in '08. this is going to fester for quite some period of time. >> cenk: eliot spitzer "viewpoint" is up next, and we'll see you in just a bit. >> eliot: four minutes and 35 seconds. >> cenk: great. when we come back, speaking of fixing things, rush limbaugh fixes his facebook page. it's a great story. come right back for it.
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eliot spitzer joins the new news network. >>we will drill down on the day's top stories in search of facts that inform.
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[ ♪ theme music ♪ ] >> cenk: now i told you before how full of crap rush limbaugh is when it comes to rating his audience. he don't have 20 million. he don't have 15 million. we caught him in another lie. after the controversy rush bragged about rush for america. i got this facebook page and so many people like it. how many people like it? well almost 73,000. here's what rush noticed and sent us to an e-mail. the most popular city for those likes, new delhi india. really? all those women in india who likes rush limbaugh's program? or perhaps you fixed it. you're so sad stop, rush limbaugh is in the middle of the ring, what is happening?
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