and paul supporters are as optimistic as ever it's really not just about ron paul but the rise of the movement that's behind him that is based on the philosophy of liberty and the ideas of liberty as far as the government and the press right now they're sort of waking up . washington d.c. . so is this ron paul's time can mainstream america really accept his views and give him a shot in two thousand and twelve or will the washington establishment do whatever they can to keep him down well i'm joined by bradley jansen adjunct scholar at the competitive enterprise institute and director of the center for financial privacy and human rights thank you so much for being here thanks for having out tell me how long have you personally been a fan of dr paul's i've been a fan of dr paul's since my early years of high school in one nine hundred eighty one. i agreed with republicans or conservatives and some issues and democrats and liberals on a few issues and then i found ron paul on everything kind of fell into place. i've been a supporter of the since nine hundred eighty one to me that was lik

in two weeks congressman ron paul will be chairman ron paul. chairman of the house subcommittee on domestic monetary policy which includes in its oversight the fed. incoming chairman paul intends to use his new position to push legislation that would for the first time coerce the fed to open its books to congress. indeed to chairman paul's domestic monetary policy subcommittee. >> it's the atrocious nature of the fact that the fed is a government unto itself. >> i think there is so much more to learn, and i'm very delighted le want to know more about that. >> question, in what ways does congress exercise power over the federal reserve? monica crowley. >> the fed is independent. the chairman of the fed does have to report, as you pointed out, everyquarter to the congress, but it is an autonomous institution. and rightfully so. >> the only one in the u.s. government? >> the only one in the u.s. government that doesn't have strict congressional oversight. ron paul is going to be chairing this subcommittee. bernanke is going to be testifying in fro

. >> our guest tonight on " newsmakers," ron paul. we will obviously talk with the congressmen about the subcommittee chair. but i want to rescue a political question. if, in fact, this tax package happens, what, if >> it is so confusing. there are some pluses and minuses on both sides of the argument. it has split a lot of the conservatives. hi i am in favor of the tax package. i do not want cactus to go up. we do not know what will be in the final vote. i do not think this can be the litmus test to decide whether or not the new congress in the house will be considered at fault. that remains to be seen. to the newrn congrressman with questions. >> what do you hope to accomplish as chairman of this subcommittee? what does it mean to be someone who wants to and the central bank and to oversee it? >> i have a better audience with more authority to do it. i have been talking about the danger of central economic planning as long as i can remember, since the early 1970's. this gives me a better platform. i wrote a book that said and the fe

what would the world and economy run by ron paul look like? and how would that play out to real people in accessing credit and functioning in an economy like now? >> you would have recently stabled prices. that's not the goal. you want free market pricing. if you had a stable dollar, you want interest rates to be determined by the marketplace. it's impossible to have boom, bust cycles. weather might still have an influence on commodity. but you don't have a whole economy. we had a housing bubble. they didn't just affect housing, but banking and so many other things. stocks as well. you wouldn't have this unless you had this artificial manipulation of credit. the greatest economy sin that's committed is ruinning the markety signal. if you got rid of price like wage and price control like in the 1970's, that fails. >> you mentioned bubbles before the fed was created in 1913. we had bubbles for searchs in not only the u.s. economies but others around the world. won't you have bubbles and won't they be as troublesome in >> it was never immune from

what ron paul said is right. bond prices are starting to go down, yields are spiking. if they don't get the deficit under control, doesn't mean they shouldn't cut taxes but we'll have a massive problem in the bond market. >> steve moore, where do you come down in the divide amongst republicans? on the ron paul side we have to vote for this package that the president negotiated because it keeps the bush tax era rates in place? or are you on the jim demint/michele bachmann side that is i won't vote for anything without a spending cut because it raises the estate tax? how do you see it? >> this process is one of the most reprehensible processes i've seen passing a budget and tax bill in 27 years i've been this washington. >> indeed. >> americans should be appalled by this. remember, people are forgetting, at least people in washington are forgetting. we had an election 45 days ago. what people voted against was exactly what this lame duck congress is doing. what did they say in the election? stop spending and stop the bail-out. they act like the election didn't happen. th

no the companion bill in the house in the senate for ron paul was introduced by bernie sanders socialist over here with the libertarian say we need to bring you know some sort of oversight to the fed now there is a lot of suspicion i think particularly the left as long sit in suspicious of the fed basically being a front for wall street you know and i think some of these things we've seen that have come out really raise some questions over whose interests are they looking after all streets are main streets but i think you're going to see a lot of pushback from the center i mean i haven't yet seen i mean i think the progressive it was from the libertarian right have bought onto we need to bring some transparency to the fed now there's still some differences over monetary policy questions about you know the value of the dollar and inflation it doesn't look like to me the center actually the centers upset the centers kristoff but whether there's a full you know we need to restructure the fed you know i don't think that's there yet i think if you actually you'd be interested the poll that wa

paul's a nut, and i standby that. >> being a native texan, it's hard for me to realize that ron paul is also a texan. >> i believe he actually starred in a cartoon a while back as marvin the martian. >> here's the whole deal for ron paul, the members of the house on an intelligence committee, they learn about things that are secret and we don't know about. so what is he saying? they should talk about those things? come on, congressman. >> the policy debate aside, let me tell you something from experience, ron paul has a lot of people out there who watch, tweet, follow, e-mail, and for saying what you guys just said, the inbox is going to get -- >> i'll change my phone number. >> and see, if you e-mail me, i will e-mail you back. go right ahead. >> it's called a healthy discussion in our democracy. >> i will hit you back. >> have a great weekend. a lot more to come tonight. >>> when we come back, other things we'll do is share a conversation with senator coburn. democrats like to call him dr. no. he just cast a vote on the deficit reduction that might surprise you. and we'll debate wh

. >>> and congressman ron paul joins me. he is about to get a key post to oversee the federal reserve and i will ask him why he wants to eliminate the world's central bank. [ male announcer ] at&t introduces a new windows phone with an irresistible full key... oh, too much? now get an lg quantum™ for $199.99, and get one free. only from at&t. rethink possible. and get one free. if you live for performance, upgrade to castrol edge advanced synthetic oil. with eight times better wear protection than mobil 1. castrol edge. it's more than just oil. >>> president obama meets with a group of ceos tomorrow to talk about the economy. press secretary robert gibbs was asked about it at today's briefing and he specifically reminded us not what to call it. >> ion the ceo summit tomorrow - >> let me say this about the 83rd time, when three or more people get into the room, summits generally happen in iceland and involve trench coats and nice hats, but this is a working group of -- i know. three people have a beer in the rose garden and

ron paul. >> questions to consider. do the american people deserve to know the truth regarding the ongoing war in iraq, afghanistan, pakistan and yemen? number 2, could a larger question be, how can an army private gain access to so much secret information? number 3, why is the hostility mostly directed at assange, the publisher, and not our government's failure to protect classified information? number 4, are we getting our money's worth from the $80 billion per year we spend on intelligence gathering? number 5, which has resulted in the greatest number of deaths, lying us into war or wikileaks revelations or the release of the pentagon papers? >> ron paul there comparing assange to daniel elseberg and the pentagon papers. in other news congressman paul will chair the subcommittee that oversees the federal reserve, the same ron paul who wrote "end the fed." >>> rioters why britain attacked a limo carrying prince charles and his wife. charlie d'agata reports. >> reporter: there are new security concerns after rioters go

congressman ron paul is talking to us about the federal reserve the situation on the korean peninsula and sarah palin congressman good to see you as always so this i think is one of your favorite subjects the federal reserve revealing trillions of dollars in emergency aid something like nine trillion overnight loans are you surprised by this you know in a little way either was bad but it's probably worse than i thought you know i'm not totally surprised what they've been doing that's one of the reasons why of one of the lot of for a long time you know we're getting some figures it has it's nothing near what an audit would reveal but the the dollar numbers are very very high and of course the involvement overseas is one of the things i really wanted a lot of for but we did get some figures to show that we felt compelled to bail out foreign banks through which is a real affront to the american people because indirectly the american people have to pay for those and i think that's one of the things that shocks so many people it's not just financial institutions here in the united states a

it wouldn't really meet the criteria that ron paul is looking at. the fed sees balancing inflation and unemployment on the other side. very much two sides on the same thing. it would be a problem for the fed or opposed by the fed. >> we have just one minute left. i guess to use that to look ata the larger financial services committee with the leadership of mr. bacchus. >> this is really an opportunity to go back to debate of how many regulate of the economy and the financial system. can you debate whether there's too much or too little coming into the financial crisis. this will be a test of whether it makes sense to pull back and ron paul is very much a libertarian and believes we should pull back that regulation. this will be the test to see if there's traction on this >> mr. hardy. anything to add on what your sources tell you? >> no. afraid not. >> we are just about out of time. so we will use that as a thank-you. this very busy week of congress. they are struggling to get to closure to look to the new congress in the area of financial services.

although probably not a ron paul republican. i don't think ron paul would support the idea that the federal government should be doing something about bringing bethlehem steel back. i did not think there is an immediate correspondence between bringing back bethlehem steel and the federal jobs we have. but i do think our budget is way too high. and we should think about cutting everything we can to get our budget back in line with what we actually can afford. i certainly would not think homeland security should be exempt. host: should we look at what israel is doing and implement some of it? guest: may be. but let's remember israel has, i think, one domestic ports -- domestic flight and you could drive faster than you could get through your security process. almost no domestic travel by israelis -- a few tourists take one flight. so, they have a very different security problem than we do. second, i do not think people would like what they do more than they like what we are doing now. they are very detailed questions they ask you

you have got ron paul now in charge of monetary policy from the house. they have changed politics for now in washington. >> mike duffy. >> i'm not telling you. i voted early by absentee, i haven't told my wife, can't tell you. but tune in wednesday, find out. it's a great parlor game. >> mitch mccon net the senate republican leader who pushed the president to the left. he made him into a left wing president because of republican policy. it was bntlliari. it allowed the republicans to have a brilliant political year. i'm not sure it was in the country's interests. he made the big difference this year. thank you for the great roundtable. that's the show. thanks for watching. that's the show. thanks for watching. see you here next week. our points from chase sapphire preferred are worth 25% more on travel. we're like forget florida, we're going on a safari. so we're on the serengeti, and seth finds a really big bone. we're talking huge. they dig it up, put it in the natural history museum and we get to name it. sethasauraus. really. your points from chase s

now today will look into the evolution of congressman ron paul just a few years ago he was considered an outsider three but now you can find him front and center on just about every news channel party's own data kosofsky has interviewed him several times over the past few years as you offer up an inside look into his progression into the spotlight next you heard of big pharma but what about big marijuana there's a new green movement if you will a group with the goal of pushing marijuana on capitol hill so does that mean the legalization movement has finally become mainstream and speak with somebody from the.

. >> i think rand paul is just as boring for me. the son of ron paul. incoming senator. and a guy who as far as i thought would sound like exciting ideas until i realized they were warmed over and it is interesting to see how things turn out once he hits the real world on capitol hill. >> an optometrist? >> yes. >> robert gibb, most boring. a total snooze. and paradoxically, also the nation's biggest ongoing news maker. most boring and most newsy. gibbs. figure it out, pat. >> most charismatic. >> i think it is marco rubio. the cuban born heart throb of the tea party. >> really? >> yes, i do. of all of the people this year, it is not a very charismatic year, as somebody said. as clarence said. and i think he tops everyone. >> he talks too fast. >> i think ms. buzz herself, sarah palin has to be the most charismatic. most charismatic new jersey governor chris christie, a tell it like it is kind of guy and single-handedly took on the state's teacher's union and got a lot of democrats to go along with him to try to get the budget under control by cutting spending, not raisi

. >> tomorrow on "newsmakers" representative ron paul talks about his agenda as incoming chairman of the subcommittee that oversees the federal reserve. that's at 10:00 a.m. and 6:00 p.m. eastern here on c-span eastern. >> this week on "the communicators" our guests are scott peterson and jarey serasel of the trect marketing association mplingt -- soigs. -- association. >> one of the policy debates happening in state capitals around the united states is the issue of internet sales tax. that's our topic this week on "the communicators." we're joined by scott peterson and jerry serasel, senior vice president of government affairs. thank you for being here. tell us, first, what the streamlined sales tax governing board is and what's your position on the issue of tacking sales on the internet. >> the stream lined sales tax governing board is to get all the internet sales tax on the board. >> our issue is, it is not a tax issue, it is a correction issue, and how you correct the problem. the issue stems from out-of-state marketers, can they be forced to become sales tax collectors for a st

ron paul. guy, thank you very much for joining us live today. >> good to be with you. >> good morning. >> steve: good morning. congressman paul, i see you've got your congressional pin on your lapel. senator-elect rand paul, what is that on your lapel? >> that's not one red cent more. the louisville tea party came up with that and we say they've taken all our money and we don't have one red cent more to send them in washington. >> steve: okay. that's clever. then let's talk about the money in and what they're doing with it. what do you think about the whole idea that the democrats are just saying, dr. rand paul, that we're only going to -- what we're going to do, the republicans are, is we're going to hold the feet to the fire of congress and we're not going to cus on anything except government spending and the tax hike. >> yeah. i like kind of the way glenn beck puts it. he says, you can't be for job creation if you're against the job creators. the democrats don't -- they want to raise taxes o

paul main courses that's after a source at russia's biggest lender said profits this year the top two hundred billion rubles more than square bank official forecast. and a jump in all prizes has boosted russian stock markets but peter westin from out on says investors are looking at sect. i do think at this point of time we do like the consumer story even though we've had very disappointing economic data for this year we were expecting at the beginning of the year more than six percent growth has not materialized mainly due to the fact that we were seeing very strong sort of harsh weather conditions both in the winter as well as the summer that are sort of back track to recover some of that but we do believe that going into two thousand and eleven that the economy will surprise in the upside compared to consensus numbers and in that sort of perspective the domestic demand story should be the one that should take the lead and incorporate all news exxon mobil and b.p. are in talks with the government that ross now have to drill in russia's offshore areas there among the twenty three dom

guest: i do not have the agenda, but i will say one thing about ron paul. i think the fact that he will have these oversight hearings are sensible, justified, and important. one thing that i would hope for is that the fed stays independent and that we allow them to be independent. we see in other parts of the world there is political interference on the central bank. that is not a direction we want to go. i respect mr. paul, these hearings over the their quantitative easing, actions they are taking to put us on a growth path, but we are not in a currency crisis. obviously, the dramatic steps that the fed has taken over the past several years is a hot topic in washington, and for good reason, but i do not think we are in a currency crisis. host: who is going to have a seat at this conference? guest: the financial sector, there will just be one or two. it should be a diverse group of industry sectors, and i look forward to seeing the full list the white house will release tomorrow. host: we have a list here of those that received an invitation. next phone cal

i have ron paul, too, and michele bachmann, so you have every kind of political persuasion you could want. >> "capitol hill cooks" is the name of the book, linda bauer is the author from the white house. congress and all of the past presidents. >> coming up, thomas allen presents a history of torrey americans during the american revolution. the author recounts the torrey strongholds of new york and philadelphia, the civil war that took place among the american populace and the migration of 80,000 tories most of whom left for canada. thomas allen presents his book at the library of congress this in washington d.c. it's 40 minutes. >> i'm not supposed to have to plug the library of congress, but it's inevitable. a few years ago i got a call from an historian at the cia whom i had met when i'd been working on the george washington book about intelligence in the revolutionary war. and he says the library of congress is something you might be interested in, call this number. and i thought, wow. maybe the cia really does that -- [laughter] people who, you know, just like in the seven cays

caller: i would like to stay current and i would definitely say ron paul. when i watched the republican debate, he absolutely would meet. -- wooed me. he was in the face of all the republican standing around him. he's the only one that stood up and said what he believed, even to the dismay of the whole crowd and everyone around the was trying to slam him. he stuck to his guns. he made me want to be a libertarian and not a strict democrat. he has gained my respect. i think he is just a qualified man. that's it. host: off of twitter -- ted kennedy. charleston, south carolina, your next. stanley, go ahead. caller: thank you for everything you do, c-span. my chance would be bill clinton. why? for this period right now, we just need someone a little tougher than barack obama. i believe president clinton would come to that challenge. host: what did you think about seeing president clinton alongside president obama talking to the media? caller: i loved it. i thought it was a great idea. like i said, bill clinton would be the right man for the tough guys -- with th

new congressman ron paul is suggesting that people boycott the airlines over this, which -- good. boycott. i'll get right through the line if you boycott. boycott driving during rush hour, too, while you're at it. i don't get -- i have a lot of complaints about the airport but i don't understand this one. a guy did try to get on a plane wearing explosive underwear, you know. it's amazing -- you know, we freak out if a tsa agent touches the outside of our pants, but black friday, we will hump each other's heads to get at walmart to save eight bucks on a psp. personally, i like to make the patdown experience fun. i hide a silver dollar somewhere in my body and if the agent finds it, it's his to keep. [ laughter ] it's like a treasure hunt. today, the -- [ applause ] thank you, thank you. today, the head of the tsa union spoke to our local nbc news here in los angeles to assure flyers that no inappropriate activity is taking place. >> seems like everybody is piling on the tsa these days, from youtube videos to headlines. but are people out there really as angry as all of that? well,

people like michael moore and ron paul political opposites who think the secret u.s. documents should be made available to the public. also, there are media people who outright sympathize with assange. >> our job is to publish and be damned, howard, that's what we have done. those accusations against assange in some cases are unfair. >> we really owe a debt to mr. assange and wikileaks for turning on a big spotlight on those people who brought about first of all this war that we have been in for the better part of this decade. >> he is the mysterious hacker at the heart of an international storm. before the scandal exploded assange was also a single man looking for love online. >> bill: good grief. that nbc report made assange out to be richie cunningham. joining us now from denver, the civil rights attorney who represented ward churchill among others, david lane. do you understand my main point about this whole thing that national security is compromised when informants are afraid to tell our u.s. intelligence agencies who is going to kill us because they think their

." >> tomorrow ron paul talks about his agenda. that's at 10:00 here on c-span. in her first interview since joining the court justice elena kagan talks with c-span on how she manages our oral argument legal brief. >> i sometimes truck them around just in hard copy. so i do both. but it is. it's endless reading because many of these cases, not only the parties submit briefs but there are many, many organizations and individuals and governments who are interested in the case. they'll submit friends of the court briefs, an cuss briefs and some of these cases there are 40, 50 briefs. there's a lot of reading. that's a bit part of the job. and if a kindle or an ipad can make my job easier that's terrific. that's on sunday at 6:00:30 and 9:30 eastern specific. >> today a group of senators spoke with reporters. among them were joe lieberman, chairman of the homeland security committee and its ranking republican susan collins who talked about repeal of the law can be implemented. this is about 20 minutes. >> we had four senators absent. really just 2/3 of the senators v

it is home to the original libertarian tea partier, ron paul, and astroturf tea party leader dick armey. and last year when fox news and glenn beck were looking for a venue to hold its inaugural tax day tea party, they brought ted nugent with them to the alamo. somebody's got a crush. in our number one story, the state of texas now has a tea party government that would make the nuge proud. yesterday in austin, the gop was happier than a gopher in sort dirt. governor perry, a staunch tea partier who's been known to beat around the succession bush, announcing the new super majority of his republican party in the statehouse has. november gains put them close to it. yesterday, to democrats announced they would switch party, giving them a super majority. the upshot to democrats in texas are now as relevant as the mythical chupacabra. and the second largest state in the union is now a wholly owned subsidiary of the tea party. it means it gets to tackle the texas-sized republican created $25 billion shortfall the state created last year. and this also means an easier path for an ambitious gop

. >> if you go to ron paul's website and see some of these speeches, he is very strong on that. >> there's another piece to this. i joined with a group called right on crime. they are right of center activists. we look at the criminal justice system, look at successes from texas, from texas, on how many people want to be in prison. people should be in treated in prison because you're scared at them, -- scared of them, not because you are mad at them. it is expensive to put people in prison. the prison guards union is an expensive union. the cost of putting people in prison is quite high. we need to look at other ways to be serious about crime. i came into politics as an anti- communists. i was very concerned about foreign policy and crime. that does not mean we should be fula set -- foolish and waste money. the legitimate function of government ought to be done with reasonable price and focus on how much they cost. the legitimate functions of government ought to be left to other countries to mess around with. it is not just defense. it is the question of incarceration and the criminal just

i have ron paul's too and michelle bachmann so every political persuasion you could want. >> "capitol hill cooks" is the name of the book. linda bauer is the author. recipes from the white house, congress and all of the past presidents. ..

ron paul wants to push aggressively for audits of the fed. the dodd-frank bill did not go as far as some people wanted. there will be loaded talk about those kinds of issues in the next year or two years. >> this is a very populist moment. >> there is great dissatisfaction with the economy and the agency in charge of the economy will take some heat for that. you see that form of criticism. maybe there mendes -- maybe there minutes should be changed. it creates a difficult situation for ben bernanke and james bullard and members of the federal reserve. when you have people talking about changing their mandates and taking away responsibility, it is tough. >> i want to thank my guests. >> now i look at some of the newly elected governors. republican rick snyder won the michigan election. in oregon's race, democrat john kitzhaber won the governor's seat. >> if i had to put my money on a likely outcome, it would be that peace in iraq, and it might be very harsh peace, is ultimately likely to be imposed once again by autopsy. we just have to hope t

1 pa -- ron paul will outline his agenda regarding the federal reserve. that is on newsmakers at 10:00 today on c-span. >> there is a case where the obama administration is trying to create new law through changing the interpretation of existing law. >> see with the journalists have said about wikileaks. this is washington your way. . so it's quite a special event. >> how is it that you go in as leader? who determines that? >> the prime minister. and you go in as leader even as in most cases the party doesn't have a majority. but he has a role in running the house, which is respected by everybody. but he still has his political battles to fight as well. you know, the latter audience may not remember the previous interviews, but i want to run a little clip of the one we did in 1988 because it tells a little bit of a story that they should know about you. >> an ira bomb went off which was designed to blow up the british government and i was unfortunately in a bedroom which was very near to the bomb. my wife was killed instantly. there were four other people

that was a performance standard that a ron paul, a libertarian candidate, or sarah palin if she decides to run in the tea party, anybody who can meet that threshold can actually be include in this process and get there. i recognize that means that not every party, not every cause is going to meet that threshold and there are dissident voices that need to be heard. if they can go out and build support and use the internet and technology to get to a threshold level of support for the mathematically can be included in that debate, i think that is a good thing and an important thing. >> you have been very patient. >> governor, your reference to joe mccarthy being the motivation to get you into politics of getting you into the jfk campus ironic given the close friendship between mccarthy and jack kennedy and the entire kennedy family. isn't there irony there? >> i don't think there is irony there. >> you referenced george bush looking at his watch which invites scrutiny of you and your performance. do you think that the bernard shaw question was a gotcha question that was below the belt? don

caller: ron paul is an independent and he is the one who got this through. when you talk about the federal reserve, you are actually talking about the jewish lobby. you are talking about goldman sachs. greenspan, robert rubin -- the host: james, i'm going to move on here. this is from the "new york times" today. back to your telephone calls. the greenville, ohio, mike, good morning to you. caller: just gone to talk a little bit about the money that our government seems to be able to throw around for these problems. i'm sure it was needed for the banks and so forth, but i'm also concerned about the unemployment situation. the heil has one of the strictest limits as far as -- ohio has one of the strictest limits as far as how long you are able to collect. i believe it is 96 weeks that someone is allowed to receive benefits for the duration of unemployment. i wonder if congress will extend that. what about the people who simply have not been able to find work at all, and they are not even included if the benefits are extended? host: thanks for your call. the fr

ron paul is a libertarian in his thinking. he feels we should pull back a lot of that regulation. it will be a test to see if there is traction beyond a small group of lawmakers. >> what do your readers tell you about that committee and what it will do? we are just about out of time. we will use that as a thank you as we get to closure -- get disclosure in the area of financial services. thank you. >> justice elena kagan was nominated to the bench by president obama to succeed john paul stevens. she began officially serving on the supreme court on august 7. in her first interview, she talks about her reasons for becoming a lawyer, her first oral argument and her approach to opinion writing. we will get a look at her approach to her relationship with the chief justice and her thoughts on the confirmation process. she sat with c-span in her temporary chambers for this interview. >> thank you for inviting us into your temporary chambers at the court for this interview. there was a piece in the slick magazine this month and it resonated with me -- slate magazine this month and it reso

they mention governors, ron paul, sarah palin. so interestingly enough, it sounds like any senators who are eyeing the white house have a lot of work to do to get a little buzz going. >> that surprising. joe johns, always have the good stuff. thank you, sir. see you tomorrow. >>> what stories were you most interested in this year? which stories did you click on, talk about, tweet about? we have the list of the top trenders, and there is a new online service in the dating world. but this one kind of different. instead of finding a soulmate it helps you break up with one. the whole dumping website is next. oh, my gosh. ♪ [ male announcer ] you know her. we know diamonds. together we'll make her holiday. that's why only zales is the diamond store. where you can get up to $1,000 off now through sunday. that's why only zales is the diamond store. i'm bob kearn, president of coit cleaning services. these pictures are the history of my family and they're also the history of coit. we've been in business for 60 years and our greatest ass

you have people on one end like ron paul who wants to push aggressively for dauts of the fed's monetary policy. they say the transparency in the dodd-frank bill didn't go as far as some people wanted. on the other hand, there are people who say it's still going to be very difficult to pass any changes to the dual mandate for the fed. to change us to fed audits or transparency. at the same time, there's going to be a lot of talk on those kinds of issues. >> this is a very populous moment. there's great dissatisfaction in the country with the state of the economy and inevitably the agency in charge of managing the economy is going to take some heat for that. and you see that in the form of scott, mentioned, the criticism of maybe the mandate should be changed. whether anything happens is an open question but it creates an uncomfortable situation for ben bernanke and james bullrd and officials of the federal reserve. central banks pride their independence, they want to make action force the long term state of the economy and not respond to political pressures. but when you have people talk

host: no stranger to these issues, ron paul. here is what he had to say. >> i want the markets to regulates to allow the fed to regulate the congress. the housing bubble came from too much credit and from all the mandates saying you must have taken these loans. under these circumstances that banks have to make certain loans that are risky. >> you think regulators should be pulling become i don't think the financial chair services subcommittee. let's go to your calls over spending issues good morning. thank you for holding on. i've been on hold a little while here. i keep hearing so many things about the taxes and tax breaks. it's $75,000 a year or up to $110,000 gets this tax break. over $200,000 gets this tax break. i'm a cook. i was a chemist in school. i haven't heard anybody talk about the people who do the work and don't get paid anything. we work, we sweat, we bleed. >> what should that mean for the next congress coming in as they take on money from taxpayers. >> i appreciate taxpayers. i really do -- the tax breaks they a

host: one of the key oversight players will be congressman ron paul will oversee the committee that oversees the treasury. guest: he will be more skeptical about the fed. the fed is a remarkable institution. there is a substantial argument, a good argument, i think -- and in fact boatpeople left in the right make this argument -- they say in their rear leg room -- regulatory responsibilities, in a major way caused a financial crisis but when congress can around to voting for what to do about the financial system and what kind of powers to hand out to the regulators in town, the fed got almost all of them and3 . it is remarkable the fed survives these things time after time. host: our line for independence, good morning to caller: happy holidays, gentlemen. i can't abide what i consider these been coming from this gentleman. it shills for the banks. i am calling from ground zero, sarasota, fla., a fort myers. the headlines in the newspaper refused days ago -- foreclosures, new wave coming, more people lose their homes. the decimation in this area has been unbelievable in the last couple of ye

with the growth of third-party white ron paul, did you feel like having more ideological diversity in the presidential debates, even if they do not have these legitimate chance of winning to the where political system is structured, would be a good thing? . >> i think there is a principled stand -- to participate in these debates, fundamentally important to the american people so that they can actually look these candidates in the eye and see them in an unscripted moments, they need to know that that candidate has a mathematical chance of winning so that they can win an electoral college victory. like the american communist party is not going to qualify. they have a constitutionally be able to get elected president, and there are hundreds people running for president of united states that you have never heard of before. they are fringe party candidates. and the important one, they demonstrate some modest level of support in the american people. 15% is not a huge problem. that is a performance standard that of ron paul or libertarian candidate, anybody could meet that threshold could a

host: one of the key oversight players will be congressman ron paul will oversee the committee that oversees the treasury. guest: he will be more skeptical about the fed. the fed is a remarkable institution. there is a substantial argument, a good argument, i think -- and in fact boatpeople left in the right make this argument -- they say in their rear leg room -- regulatory responsibilities, in a major way caused a financial crisis but when congress can around to voting for what to do about the financial system and what kind of powers to hand out to the regulators in town, the fed got almost all of them and3 . it is remarkable the fed survives these things time after time. host: our line for independence, good morning to caller: happy holidays, gentlemen. i can't abide what i consider these been coming from this gentleman. it shills for the banks. i am calling from ground zero, sarasota, fla., a fort myers. the headlines in the newspaper refused days ago -- foreclosures, new wave coming, more people lose their homes. the decimation in this area has been unbelievable in the last couple of ye

lakers tried to get back in the game, ron artest to paul for the hoop but they were no match. he beat the shot clock. he had a triple double, 7827 points. >> the heat wins -- he had 27 points. >> orlando, second quarter, kevin garnet with two of his high 22. celtics led by as much as 12. magic would rally behind the defense. the game tied late, nelson comes up with a big three. 80-78 was the final. >>> despite a 5-9 record, 49ers are still in the playoff race, if they lose today in st. louis they will finally be eliminated. san francisco knocked off the rams thanks in part to a defense that held steven jackson to 87 yards rushing. for them to come out again, they will need a similar effort from the running back. >> we are the only team in the league that stopped the run, the seven-man. >>> raiders to keep their playoffs live they need to win while the chiefs have to lose. oakland appears to be ready to compete with the elite. behind hugh jackson's creative touch, silver and black ranks among the top ten in total offense. >> a lot of things we're doing offensively and the play

ron paul has put his name on this website and walter mondale has put his name on this website. this website is not a bunch of guys, you know, folks running around wearing tinfoil hats, saying that 9/11 needs to be reinvestigated. one other website i would like to make you aware of is a website that i have where you can read and download a book that i code-wrote that is entitled "divine 9/11 intervention." is a true story, which is hard for a lot of people to accept. guest: let me respond to you because we are running out of time. i do not believe there was an alternative conspiracy to carry out the 9/11 attacks. i believe the conclusion of the 9/11 commission and the u.s. intelligence authorities repeatedly affirmed the fact that there were 19 hijackers, 18 of the word from saudi arabia, one from egypt, who carry out the attacks with instructions given by osama bin laden. number 2, all the buildings that collapsed were destroyed by jet fuel and the crash and implosion of the attacks by the planes on that day. i do not believe there was a conspiracy. there is a whole new movemen

i think you need to look at ron paul, i think you need to look at austrian economics and the idea of freedom and liberty as opposed to extorsion. guest: i agree that we need private sector growth. the problem of course, as many, many economists have pointed out, is that we don't have enough employed people. and the middle class is not making enough money to provide the demand for the private sector to grow. so we could continue to cut back on federal investment programs. we would spli weaken that demand in our economy. and the danger is that we would fall back into a recession. so we do face a choice here. we face a choice whether to adopt austerity here and around the world and see the u.s. and the world economy fall back into recession. that's a very, very large danger. or, we can invest in our people, we can get people employed again and going into the stores to buy american-made goods, and at that point american industry, if we have a banking system that will loan us money, will be able to invest confidently knowing that the u.s. economy is providing the demand that they need for

i think ron paul is on the right track. and you will notice that last week the fed it revealed the names that they funded through the crisis and i was surprised to see some hedge fund names, particularly -- i did not want to use the name on camera at the moment but there is one hedge fund that i mentioned in my book that was supposedly managing these collateralize the debt obligations while it managed the hedge fund and they were basically doing trades that benefited the heads fun but that did not benefit the collateralized debt obligation and the reason for that, they were earning higher fees and hedge fund than the collateralized debt obligations of they can basically rape the investor to the benefit of the hedge fund where they made kingly fees. why was the fed lending money to them? that will be a reason to disqualify them -- being rewarded with that money when they were engaging in activities detrimental to the securitization industry and and directly to the housing market because of all involve the mortgage loan produ