peter schweizer is turning is here today, the author of "architects of ruin". this book that's been out for a few weeks, there are 40,000 copies. good two his website peterschweizer.com for more information. he is detailing for us the economic ruin and collapse that we're looking at right now on our economy, how we got there and you have told me briefly earlier and i read about in the book that you are portending that we're not done. that right now that federal government is what created this economic ruin, it wasn't in private to be greedy business. although that is part of it. part of it is big business but the other is big government and that is being overlooked how they laid the foundation and made requirements to force business to make unwise business decisions. you had mentioned to me that we may be setting ourselves up for a similar bubble in dealing with the grain economy. can you talk about that? >> guest: first of all, we have not solve the problems in the financial sector so i think the prospect of another bubble. >> host: trillions of dollars well o

peter schweizer. he will join us today to talk a little bit about what happened with the economic meltdown, how did we get here, who are the key players, what are we going to do and how do we get out so we can get back into prosperity. peter, i want to thank you for joining me today. and for booktv. so let's talk a bit about your book, "architects of ruin." how long has been a? >> just a couple of weeks. >> what have you been hearing from people so far? >> it's interesting to a lot of people reaction, a lot of people were surprised with the information in the book. i think they're sort of a narrative that's been written about the financial crisis now similar to the narrative that was written about the great depression. that narrative is basically the problem capitalist run amok and i think this puts a lot of people into so when i present and makes a case, it surprised a lot of people. >> it's interesting because so much what we've been hearing about is the problem is big wall street. at how coble, may

peter schweizer, i want to thank you. my name is michele bachmann, member of congress, i want to thank mr. peter schweizer for joining us to introduce us to his book "architects of ruin". you can find more information at peterschweizer.com. and thank you so much for joining us today. .. welcome to our tobler 1981. reagan's job approval rating was 57%. obama, 55%. in 1981 the democrats swept the virginia race is that were at stake, including the governorship to which democrats said hallelujah, all is not lost. in 1981, the new jersey governor's race was the closest in history. and tom kane, the republican pete jim by 1800 votes. history is repeating itself. no it's not. the reagan era, which was in full swing in 1981, to be best characterized as being un- yong, i'm poor, and i'm black. that was the real majority. to put it another way, white come a middle-class, middle-age, married, mom, dad, kids. reagan grasped that vision very well. and that vision was not just something that he grasped, but a whisper trade over and ove

i want to thank peter schweizer for his book "architects of ruin." you can find more information at peter schweizer.com. thank you so much for joining us today. >> did you know you can view booktv programs online? go to booktv.org. type the name of the author, book or subject into the search area in the upper left hand corner of the page. select the watchfully. now you can view the entire program. you might also explore the recently on booktv box or the featured programs box. to find and view recent and featured programs. coming up next booktv presents "after words," an hour-long interview program where we invite a guest host to interview the author of a new book. this week, taylor branch recalls his eight years of private meetings with president bill clinton from 1993 to 2001 in "the clinton tapes: wrestling history with the president." mr. branch and a former president would meet monthly and discuss current events with the intent of creating an oral history that would present an insiders view of the american presidency. taylor branch discusses his