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tv   Americas Newsroom  FOX News  December 10, 2009 9:00am-11:00am EST

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having a competition of the best band of the year. [captioning made possible by fox news channel] captioned by the national captioning institute bill: this is a fox news alert. this past week the number of newly laid-off workers was higher than many expected. we saw a few weeks or the number was dropping but this week it is going up by about 1700. 474,000 people filing for first- time unemployment claims. that means that jobs picture is still tough. the seasonal hiring expect in the holiday season, that is not really reflected here. also this morning, aspirations it of peace in times of war, president obama taking the world stage, accepting the world -- nobel peace prize in norway.
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martha: good morning, everyone. today, the commander in chief using his acceptance speech to talk about the war in afghanistan and to talk about his decision to continue military effort in the region, saying america's commitment to global security will never waver. bill: the irony was evident, even to him, some critics say that the honor came too early. some said he would use applied to work toward a nuclear-free world. major garrett is with us from norway. >> good morning to you. it is just after 3:00 here but the sun is beginning to set, which is what happens when you are a bit closer to the roof of the world. the president's speech addressed
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a number of topics that have been hanging over this whole thing. he said yes, i am receiving it early, i may not be as worthy as martin luther king or gandhi, but he also described the war in afghanistan, and why it is not only just but necessary. not only for the protection of the u.s., but for western values. here is one part of the speech dealing with that issue. >> my face the world as it is in cannot stein -- stand idle in that way of the threats of the american people. make no mistake, even exist in the world. in nonviolent movement could not have halted hoepner's armies. negotiations cannot convince al qaeda as''s leaders to lay down
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their arms. >> the president met with the king and queen of norway, part of the ceremonies. there was some dissatisfaction by the president was not doing more of the ceremonial activities he is not having the typical lunch, a concert, and is owned center. nevertheless, they say that everyone should be happy because he is the first president to personally accept the nobel peace prize who were awarded it in near term. -- their current term. bill: in the next hour, we will talk about what america gets from this, if anything. martha: before heading to
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norway, the president met with congressional leaders. we are hearing in the meeting things got a bit testy. according to republican attendees, it began when the president said the gop, in questioning some many of his economic measures, seemed to be rooting against recovery, and then leader boehner responded -- democrats do not dispute the detained but say that things never really got confrontational. judd gregg will be speaking to us. bill: a major summit on climate change that was broken by the president. on one side of the table, four energy company ceo's, on the other side of the table, members of the sierra club. that produced a bold statement
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from one of the biggest energy companies. we will show you what it could mean for your energy bill. martha: democrats are now reportedly looking for a spending limit increase on the congressional credit card, so to speak. we are hearing reports congressional leaders are thinking about increasing the national debt ceiling by almost $2 trillion, the expendable of money in the future. america already owes its creditors about $12 trillion, and that is near to the legal maximum congress can borrow without increasing the debt ceiling. stu varney is here to talk about this. on a personal level, it is impossible to imagine. so on a governmental level, $12 trillion in debt, and they are forecasting another $2 trillion
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more? >> i have never seen a time when voters have shown so much concern about the national debt building up. we have spent up a storm come up to our legal limit --, up to our legal limit, and now we have to ask congress to ask the voters for more. it has to be a big number because we are spending so quickly, borrowing so quickly and congress does not want to go back to the voters to ask for more money before the next election november 2011. this is why voters are showing some much concern. how will we ever pay back $14 trillion in debt outstanding debt? remember, every extra $1 trillion means another $50 million in interest. that is $1 billion -- $1 billion
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in interest alone. that is why there is so much concern. martha: who do you go to to get approval to borrow more money, who is the biggest borrower? what happens if they do not get it? >> you have to go to congress. they have to authorize the treasury to borrow more money. you need a vote in congress. secondly, the biggest lenders to america are china, japan, and the united kingdom. what happens if we cannot borrow any more? we go belly up. we cannot meet our obligations, as they say, in the default on these loans. such a thing is out of the question. martha: talk to me about your reaction about the unemployment numbers.
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>> 474,000 people filed for unemployment claims. $17 and more than a week before. not a good -- 17,000 more than a week before. not a good sign. it makes last month's good numbers seem more like an aberration. martha: one move does not a trend make. thank you. bill: bad news for washington's most infamous party crashers. michaele and tareq salahi accused of mounting an attack -- a check of $24,000 for a charity poll of them held a year ago. meanwhile, the house voted to subpoena the salahis to appear in january. that we must see tv.
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martha: let's move on to pakistan. police are trying to determine whether find american muslim student arrested and there may have ties to extremist groups. the man's parents were the ones who reported them missing on december 1, the day that american and pakistani officials say they flew from washington to karachi. we will speak to a terrorism expert about what these students were doing in mistakes, and what this may mean, and the trend that we are seeing about the terror threat that we have at home. bill: also, new developments in the climate change e-mail scandal. a scientist signing a document defending their findings.
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amy kellogg has that story from london. >> i think the reason this is such a big story and has made people concerned is because we know climate change is very politicized, but what people want to believe it is that science is objective. this took place at east anglia university, one of the top centers for climate change research. as you suggested, e-mails suggested that these scientists who believe man-made climate change is a man-made phenomenon distorted the data. now today, 17 scientists have signed a petition in support, basically, the findings that they have come up with.
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it says -- this as east anglia university announces it is launching a probe into exactly what went on. bill: well, thank you. martha: have you heard this story? your stimulus money is hard at work, sort of. we will look at my high-profile washington political firm with millions in income on their books would get a big piece of stimulus cash. there could be a number of interesting reasons behind the story. or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today.
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bill: five young american muslim call in washington, d.c. their home are now under arrest in pakistan.
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the case is raising fears that the recruiting ground for radical jihadists has shifted. with radicalization in our nation's capital, my guest is the director of investigative operations. how is it that the u.s. is now emerging as a breeding ground for terrorists? >> the warning signs were manifest a few years ago in a poll of american muslims when it was revealed that one-third of muslim american between the ages of 18 and 29 supported suicide bombings. primarily, that radicalization that we should have picked up on and did not has suddenly spawned dozens of plots that are home grown of second-generation american muslims who want to carry out jihad leader here or abroad. this year alone we have seen
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nine such plots. it should not be surprising that this is occurring. what is surprising is the extent to which it has occurred so rapidly. bill: you are sitting with the capitol building behind you. they came from that area. they had u.s. passports. one of them was going to howard university. >> we do not really know what the motivating force behind their recruitment bus. it could have been local islamic leaders, the mosque they attended, the internet'. certainly, the fort hood trigger was radicalized by the cleric from yemen. they are building a narrative. it is a war against islam.
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that is the single-most compelling argument for g. hunt, particularly with young muslim men. bill: the families reported them missing. they were tracked down in pakistan. that is how this plan was not discovered. >> usually, the fbi is successful in interrupting such plots, and particularly when there is a conspiracy but two or more people involved. the incident at fort hood is tough to stop. he may have been involved in the recruitment of one of his sons. bill: there are connected to the killing of daniel pearl back in 1992. do we know when these men were
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trying to accomplish, why they went to pakistan? >> mean you really -- we really do not know. presumably, pakistani authorities and the fbi will have more. bill: the families have already said that they saw some video where there supported the hjiha. >> i have no doubt that they were trying to offend them south to a jihadist movement either to carry out an attack or to provide material support. i have no doubt based on the farewell video that they left. i think that was definitely the purpose. the question is, what exactly were the up to? we do not know that yet and we will not know that until the pakistani authorities
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interrogate them or transfer them back for prosecution. bill: all it takes is one. thank you. martha: in a scary situation in arizona today. the search is on for 30 helicopters who are stranded by a massive snowstorm -- elk hunters who are stranded by a massive snowstorm a live report on the rescue efforts, and on right now. -- going on right now
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i work for a global leader that's guided by clear principles. that sees me for me. that offers a great start right out of college. i work for a global leader that prizes the skills of those who have served. that values proven skill and know-how. i work for lockheed martin. multiple voices lockheed martin. when you join one of the world's leading technology employers, you will discover everything is possible. martha: rescue workers in arizona are searching for more than two dozen elk hunters who
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are trapped by a massive snowstorm. the weather grounded their helicopter as there were 14 simultaneous rescue operation under way. with me now is a spokesperson with the sheriff's office. some beautiful pictures of the area but scary times for the hunters. what is going on? >> on monday and tuesday we had a large winter storm that dumped over 2 feet of snow in arizona and this is also during an elk hunt. many of the hunters were in the area prior to the storm hit, and weaver not aware of thehat [no audio] now we are hearing that there
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are some stranded hunters. martha: we are taking a look at some of these pictures and we are used to thinking of arizona as these beautiful rocky mountain areas. how many of these hunters are well protected? what is their situation? >> many of them are in trouble trailers, some in tents. in the past few days we had heavy snowfall which made travel difficult for the hunters that are in a vehicle. we have also had temperatures that are well below freezing. they are generally well prepared to be in the once, on the -- woods, but there is a
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fear that they could run under resources. martha: this is a huge rescue effort. what kind of expense comes with this rescue effort, and who pays for it? >> there is no charge for search and rescue in the state of arizona. it is the responsibility of the sheriff's office and we are supported by funds from the arizona governor's emergency fund. we have several agencies participating in the rescue. there are many other providing the equipment or personnel. martha: good luck to you. it looks like a tough situation.
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we are going to keep our eyes on it. let us know how things are going. bill: two dozen is a pretty big number. i hope there is safety in numbers. good luck to them. we are trying to figure out your stimulus dollars and where they are headed over the holiday season. we came across the question today about a company which worked hand in hand with the clinton campaign and how they qualify for millions of stimulus money.
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martha: it it seems there is a lot of focus today on oslo, norway. of course we have the nobel peace prize for president obama, and then there is this. a mysterious spiral of light, stunning thousands of norwegians and experts who saw it. they say it could be a new phenomenon, a ufo. it turned out to be a russian
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missile launch gone awry. bill: it looked like a spotlight to me. in the meantime, 2074 pages of health care reform. critics blasting the latest effort by democrats to move reform forward saying the deal reached in the senate to change the public option and expand medicare is not going to be cheap. the cbo is clinton the numbers on a compromise plan. rich edson is with us from the fox business news. do the democrats have a deal on government-run insurance? >> a handful of senators have agreed to it that it is not clear if and not supported. they need all of their members and independents as well to
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support it. all have cautioned the said they want to see more information before they decide how they vote. if they are lost, democrats will have to come up with another way to get the votes. bill: if they work out the differences on a government auction, would that be enough to pass the bill? >> they would overcome a pretty high hurdle but there are still divisions over the cost, medicare. democrats are also different over abortion funding. that could be a deal breaker for some of them. bill: there are a lot of private businesses and america -- in america, and they say it is about time. what are they talking about? >> there is a popular bipartisan
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proposal that will allow american to buy prescription drugs from countries like canada. the obama administration is now raising safety concerns over drug imports even though the president supported the plan as a senator. democrats had to do with drug makers and pharmaceutical companies that supported the health care overhaul, but alone americans to buy prescription drugs from canada -- that would leave those companies on the table. martha: stimulus dollars going to pollsters? that is what we are hearing from washington. government records show that two powerhouse firms run by mark penn, of course, the senior strategist for hillary clinton's campaign, got $6 million from the stimulus package, $6 million
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which saved three jobs. with me now is doug scheon and editor of the "national review of ope" richard lowry. you worked with him for many years. what is your relationship? >> nothing other than being friends. martha: you must have seen this. it does not sound good on the surface. $6 million going to mark the end for the stimulus -- mark anpenn for the stimulus. didn't she owed him money? >> it was a contract awarded through competitive bidding but i'm not sure that the contract itself made sense given the climate that we are in, some voicing concerns about the use
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of stimulus money. this was mostly a public advertising and communication campaign converting cable from analog to digital. i do not think there is anything wrong with the contract but there could be something wrong with the policy. martha: you explain part of it. it must $6 million that went to the firm. $4 million on the money has been spent for ads and pr to tell all of us in america that our tvs was -- were changing from analog to digital. $1.5 million of that went to fees. rich does this past the smell test? >> i do not think there is
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anything criminal here. this is why people hate washington. this stimulus plan was sold on false pretenses, visions dangled in front of our eye, 1930's- style infrastructure projects that would create efficiencies for us. that was totally false. instead, the money is randomly being thrown all over the place for purposes that are utterly senseless. to get $4 million to say that we are going to switch to digital, i will take my piece of that money. everyone, we are moving from analog to digital. martha: and we did not even have to pay you. you cannot really blame the recipient of the fund in this case because there is a bid that goes out.
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should we assume that this is how this went and that they got the bid after they applied? there was so much criticism about halliburton, and during the iraq war. they are a contractor, the bid, just like everyone else. >> i do not hold halliburton up for any malfeasance. this is an honest-bid contract. rich might be right that the contract might not have -- ma should not have been awarded, but if we are dealing with small business, it is not necessarily clear that this contract achieve this objective. martha: it is a hugely successful firm from everything
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that we can see, and that raises eyebrows. we have small businesses going out of business, and they need a stimulus money? >> i am sure those jobs would have existed anyway. the accounting on how many jobs created or saved by the stimulus is totally bogus. the policy has failed. the obama administration said unemployment would not go above 8%. instead, we are at 10% and he is talking about a second stimulus, which would really be the third stimulus. there was a failed stimulus in the bush administration as well. martha: thank you. interesting story. more of your money, folks. bill: 3 jobs? big jobs. we were told by some in
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washington that when it came to saving the car companies, one way we could say gm was to produce the chevy volt. we were some of the first to test tried it. -- test drive it medicare.
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on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. bill: we are when you're removed from the big auto bailout. now we are getting a better idea of how these companies, specifically gm and chrysler, are adapting. this is gm's big hope, the volt. they spent millions developing this electric vehicle. with us now is an editor with fox news. he is one of the first to take it for a test drive. many people said that this would be the salvation of chevy, the salvation of gm, is it?
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>> i drove for about a half an hour, and it is definitely going to save their image, but people -- but are people going to buy it? bill, a couple of questions, it is a battery-covered cart. >> it is an electric car that has a battery which gives you 40 miles of rain. after that is exhausted, there is a bit of gasoline. bill: sounds to me like a regular hybrid. what is the difference? >> it is always being driven by the electric motor. the internal combustion engine is not connected to the wheels. it only generate electricity. no commission for the first 40 miles. after that, the internal combustion engine kicks in. the idea that 80% of american
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never drive 40 miles a day anyway. bill: they are banking on the short commuters. you drove around for 30 minutes. that is a pretty good amount of time. what is so special about this car? >> in general, the electric cars are great. if you have one now, you know it is the future, smooth power, silent. this one was very quiet. bill: so you are giving it high marks? >> considering de still have nine months worth of tweaking to do, it is very impressive. bill: do you feel safe? >> absolutely. the question is, are the batteries say? we have heard these stories about laptop batteries and blowing up and what not.
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these things are not very toxic. gm is making sure of that. they are also recyclable. gm is working on a program when you can take the battery out of the car when it is no longer good for the car and then use it for home use. i've read that the backseat gets warm. >> the battery pack splits and comes up in the back. it's around to a bit. bill: did it feel different to you behind the wheel? >> electric cars feel differently, for sure. the interesting thing is when the internal combustion engine kicks in. when you hit the accelerator, it is no longer a gas pedal, and so it is connected to the electric motors. so the engine is idle and when you press the gas, it will not
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jump up and down. it just sits there like a generator. bill: four doors, four seats. is it a good value at $40,000? >> that is the question. that is predicted to be the press tent. still tend thousand dollars more than a toyota pervez. even if you run in only on electricity, it will take about 20 years to make up that difference. for the first few months, it is a good deal. bill: americans like their big cars, though. we like to see above the traffic, feel like we are safe. >> that is the future. the person that i drove around
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with said that this is the first experiment. there will be more experiments in the future. bill: thank you. we will see if it is the future. by the way, the fox car report airs every thursday at 4:00. click on leisure. thank you, gary. martha: i think i would miss the gas pedal. bill: it is a whole new way of thinking. martha: coming up, teaching by text. some florida schools are dropping the cell phone ban so
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that kids can text message well they are teaching. instead of fighting technology, these teachers are deciding that they are going to embrace it.
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bill: this is a fox news alert. we are trying to gauge the reaction of the economy. it is pretty decent right now for the moment. came out more than one hour is e expected.
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17 dozen more looking for first- time unemployment. -- 17,000 more looking for first-time unemployment claims. millions and millions are still looking for a job today. we are back on the job hunt. we are seeing the impact on wall street, too. how is the holiday but turn out? we are watching that. -- going to turn out? martha: you never know who could be text messaging your kids, but if they go to school in florida, it could be their teachers. many schools than cell phones in the classroom for good reasons, but now some are beginning to integrate them into the classroom. most of the time we hear about a zero tolerance policy in the classroom, but not at some schools in florida?
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>> not at all. we spent a couple of hours at one school in florida called wired grass high school. they are not afraid of technology. when the school opened up three years ago, he specifically hired teachers who were not afraid of technology. nerds that loved to teach. that is what he was looking for. students have to register their phone at the school, and then the teacher in each classroom has a list. the future in some cases will send a text message to the students, they have to answer by a text message or picture. you have to send in any answer, and the teacher gets it back. teachers also have blogs. they are putting their lesson plans on the internet and these
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students can go and access all the information they have if they have this special code. it is a great project. i was impressed. martha: i do not know, i miss the pens and paper. anyone who has a teenager knows how quickly they can text message, and i am guessing they are pretty quick at sending the inter and. -- the answer in. >> i had the same questions. how do they know that the students are not cheating the system? the school expects them to do the right thing. they are allowed to bring these cell phones. they can listen to music, watch games when they are not in the
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classroom. but when they are in the classroom, that is the bottom line. if they are caught doing something with them that they are not supposed to, -- which has been minuscule -- they get a warning the first time and then they will take away the phone. they use a lot of good common sense. they are using their brains as well as technology. martha: and very interesting. thank you. bill: i was texting with a family member who will remain nameless and he said that he would call me when he got out of class. this conversation stops right here. first it was the tabloid firestorm and now television commercials are disappearing from tv. now it looks like a congressional gold medal will not happen.
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a congressman from california said it would be a good idea for the offer to receive the highest honor. but now the congressman says that the idea is no longer on the table. at least one person in his corner. the ceo of yahoo! telling a group of investors, god bless tiger. all the fuss around him has resulted in a surge of web traffic for folks like yahoo! martha: that is what everyone is talking about. thus did in pakistan. five americans were arrested in pakistan because of their links to terror. you will not believe who alerted the authorities about these people and why the incident is raising new fears about homegrown terrorism. . . chphrases that'll make these savings even more memorable.
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[captioning made possible by fox news channel] captioned by the national captioning institute
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martha: we are just getting the beginning of this one. five young american muslims from the suburbs of washington, d.c. tied to terrorists in pakistan to did they are being detained after a raid on a house with direct links to a militant group. it was not a u.s. or pakistani intelligence that broke this case open. in a brand new hour of "america's newsroom." i am martha mccallum, in for megyn kelly. bill: i am bill hemmer. their parents alerted the fbi that their sons may have made a terrible decision. scott, what is the latest? >> the very latest is we have been able to confirm from a police official in storarg
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odha that under interrogation, the five young americans have admitted they were here for jihad. we spoke to an intelligence official who told us that now that they know that these men were on their way to a terror training facility within pakistan -- hopefully, we will get more details. this is a joint investigation with pakistani and american officials. as this unfolded, the initial spark for this investigation came from the family members of these five young americans. they went missing last week. they went to a local muslim community leader. then they found a video that appeared to be a farewell video. that prompted them to talk to the fbi. and then this raid yesterday.
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we know that we are in the early part of this investigation. over the next few days, hopefully we will get an idea of where they were going. the house there were captured in has connections to a group that has connections to al-qaeda. they are trying to figure out where their next stop was. martha: it must have been a shock to these families, and then to have to turn over their sons to the authorities. what do we know about these young men and their backgrounds? >> they were very young. they were 19 to 25. we know one of them has been identified. he was a howard university dental students. of the five men, three are of pakistani descent, one is from egyptian background, and one is
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from yemeni background. their family members became concerned because they left without a trace last week, and then they found this video, and then they contacted the fbi. we know that things will be cl amped down. martha: homegrown would be terrorists -- it is an incredible story. bill: president obama is enjoying some down time at the moment after his nobel peace prize speech earlier. he announced a major escalation in the war in afghanistan in a plan to send 30,000 troops. the president addressed to those concerns haead on. president obama is the first sitting u.s. president in 90
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years to win the nobel peace prize, and the first ever to go to oslo to receive it. martha: the house foreign affairs committee is holding a hearing on u.s. strategy in the afghan war. the commander of u.s. and nato forces, general mcchrystal, the man who first called for 40,000 additional troops in afghanistan. you can watch the entire hearing streamy living live on bill: we are trying to get more details on an energy summit that took place yesterday at the white house. it did not get a lot of coverage. ceo's meeting with the president about epa regulations on greenhouse gas emissions. more than a half-dozen environmental activist groups
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were also seated at that table. stu varney, who was there? >> it's very interesting to see who was there. environmental groups, unions, and community organizers. they'll have a seat at the white house table right at the center of discussing america's energy policy. the person who runs an umbrella group of community organizers was there. the leader of a coalition of unions, the sierra club, the league of conservation voters, and andrew sloan from a veterans group. they were all discussing energy with shell, honeywell, dupont, and others. the message was to pass cap and trade. you do that, you will get some subsidies. if you do not, we will said the
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epa on you because they can now regulate co2 emissions. at the end of the meeting, it was bare knuckle politics at the white house. bill: you wonder what was happening. when the cdo of duke energy said we have to pass climate change, but then the rest of the statement, he talked about nuclear power. what is the chance that comes true? >> that was all part of the discussion presumably. some environmentalists have reversed their opposition to it. the bottom line is that this was bareknuckle politics. you did not hear much about this meeting afterwards. next monday, the president will hold a meeting with big-time bankers in another bareknuckle political session. bill: a lot of news from the
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epa this week's. martha: a new report says the foreclosure rate is expected to hit an all-time high for the second straight year. the numbers show the size of this house a nightmare in our country. 3.9 million homeowners will receive notices of foreclosure. it is headed in the wrong direction tree last year, it was 3.2 million. the high unemployment rate and the loss of pay checks simply means families are falling behind on mortgage payments. bill: support for the health care overhaul its a new low. new numbers from could appeal to university shows that 52% disapprove of the current plan.
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38% support it. martha: if you solve the jobs numbers, you know that job numbers went up more than expected this week. it's not good news on the jobs front with 474,000 laid- off workers seeking benefits. more and more are looking for work overseas. 350,000 u.s. citizens working abroad. it is up from the previous year. fox news is on the job hunt. adam housley, how many more americans are trying to find a job someplace else? >> you mentioned 350,000. those are the ones that filed with the irs. if you go to some web sites,
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those numbers are higher. some claim that as many as 1 million americans may be working overseas in all sorts of different countries. the reason is simple to the jobs in the u.s. have been going away in the last few years. we have been talking to some headhunters. they will tell you that they see more americans tell them that if a job opens up abroad, feel free to throw my name in. they say that by looking overseas, it gives them more options. >> it is harder and harder to find opportunities. for whatever opportunity were looking at, there are 110 others looking added as wt is as well. >> here is a former advertising executive.
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he is not a recent college graduates. his son will be graduating pepperdine. he is now considering looking places like even fiji. martha: so much of the world has had difficult economic times. where are the places where there are hot job markets? >> some of the places that we complained about for our jobs leaving. india is one place. china, of course. a lot of americans are looking there. singapore and dubai. dubai has been pulling in a lot of executives from around the globe. they've had financial difficulties in recent months, but at the same time, we are told that is a very strong place to look for jobs. martha: not working at home, right? >> they say this will continue
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and even when the american job market comes back for executives, these foreign areas will still be a popular place. martha: thank you very much, adam housley. log on to for the latest reports on which companies are hiring. you will find more on jobs, including our roll over map. bill: let's hear it for fiji. we could work there for a while. $200 billion in unspent bailout money. in 3 minutes, we will talk to a top republican lawmaker. he has a warning about what some of his colleagues want to do with that money, and what that will mean for taxpayers. is this a good idea? (announcer) time brings new wisdom
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martha: when it was created, it had a very specific mission. it was designed to save our economy by rescuing big companies that were on the verge of collapse. now some in washington say that uncle sam could turn the tarp bailout into a slush fund. that is what the critics say. the $700 billion troubled asset relief program is expiring at the end of the year. instead of putting what is left of the money, and surprisingly it was not all used. the treasury department wants to keep it around just in case it needs to use it. senator judd gregg thinks that is a bad idea. it is always great to see you. welcome back. >> thank you. martha: when i heard this news that treasury secretary tim geithner wants to extend the
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need to use the tarp funds. i wondered why that would be since we are hearing that things are getting better. >> i do not think it is necessary. tarp funds were for a very specific purpose, for large financial institutions on the brink of collapse. if they would have collapsed, it would have driven the economy into a severe recession. those funds worked. the institutions have been stabilized, and many of them are paying it back with interest. taxpayers are making money on the deal. all the money was borrowed. we borrowed the money from china and other places to stabilize our financial industry. now some of the money is coming back in three under the law, the money is supposed to go to reduce the deficit and pay down
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those obligations which we incurred to get the money in the first place. martha: some small portion of it, tim geithner wanted to go to debt service. >> basically, $150 billion has not been drawn down yet it does not exist. we would have to borrow the money to get it. we would have to go to china. they are proposing that rather than borrowing that money, borrowing $80 billion in spending it on sunday other than stabilize in the financial industry -- and spending it on something other than stabilizing the financial industry. that's not appropriate for tarp. martha: it is mind-boggling. on one side of the equation, they're talking about raising the debt ceiling to $1.8
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trillion. there's an opportunity to reduce the debt a little bit. as it turned out, a lot of the companies that got the tarp money did pretty well. they dated back with interest. why would we entertained the notion of taking the rest of the monday when we have this huge debt? >> political subterfuge. if the administration decides they want to spend a lot of money on the fourth stimulus, or whatever stimulus no. we are on, and they're trying to find some political cover to do that. they are trying to rope tarp into the process. the money that would be spent on the next stimulus has to be borrowed, whether it was allegedly tarp money or not. we do not have any money in the government. we're borrowing everything we can get our hands on and sending the bill to our kids.
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now they're talking about raising the debt ceiling. martha: it's hard to imagine taking out an emergency loan in your own life, and then if you did not need it all, you would be relieved. >> why pay interest on that? there is $1.38 trillion figure is a political exercise. they do not want to face up to the death to they're putting on the books of in the next election cycle -- they do not want to face up to the debt that they're putting on the books. we do not need to raise the money to get past the problems we have right now. we should raise it by the a miniminimum amount as others pressure on this commerce to be fiscally sound. bill: the look on the last point. -- good luck on that last 0.3
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we've heard a lot about dramatic warnings on cap and trade. we will take you to stay in a matter of moments that is pushing ahead already with these kind of rules. how is it working? an idea
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martha: we have video of a deadly shootout. it turns out to be critical evidence clearing two police officers of alleged wrongdoing. it started out as a routine fender bender. escalated very quickly, as you can see. one officer hits the ground and crouches behind a car, returned fire, killing the suspect. both police officers in the situation said it spiraled out
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of control. they were onunhurt. bill: what does cap and trade really mean? one form of the bill has already passed the house. the president is taking his ideas to copenhagen next week's. what does it mean at home? there is a state where cap and trade is already the law of the land. the state is california, and william la jeunesse lives there. how does it work? >> it is the mechanism the president plans to use to attack global warming and reduce america's greenhouse gas emissions by 17% over the next decade to save the planet. pretend that this represents 1 ton of carbon emissions. the state says to the power plant, you must tap your emissions -- cap your emissions an amount every year in the
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future. this gives him the choice to cut production, or trade credits by planting trees in the amazon. or he can buy them from the alternative energy plants. buying each one of those allows this guide to generate 10 tons of pollution every year. these add up. how does this work in the real world? we were outside of the valero energy plant in california. the state says it has to cut its emissions by 30% by 2020. currently, the image to 10 million per year of. >> responsible for as much as 300 million tons, which could impose a cost of our corporation
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upwards of $7 billion annually. there's no way to absorb the cost without passing them directly onto the consumers. >> the state disagrees. it says the company cannot abso absorber the cost of these credits, which will be about $100 to $140 each. cap and trade can be expensive, but is what california is instituting right now. bill: how is the federal government going to make money off of this? does it really reduce pollution? you talked about trading for trees in the amazon rainforest. maybe they do not want our trees. >> critics on the left say cap and trade is a joke because businesses will continue to pollute and this is a big conspiracy. they will trade in these credits and there will be no reductions in pollution.
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the state will make money because they will auction days these off. that is billions of dollars to the state or the federal government. bill: it is a great show and tell, william. william la jeunesse on cap and trade. martha: a big morning for the president. he was in norway accepting the nobel peace prize, and now what seems to be a stark irony. he was awarded the nobel peace prize days after announcing a 30,000 troops build up in afghanistan. how did he walk the line in the speech? a fair and balanced debate is next. and what it doesn't cover can cost you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company.
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martha: everybody is trying to figure out the new strategy afghanistan. today that is heating up inside a house foreign affairs committee. general mcchrystal is there. they are testifying about the troop surge and the strategic shift. steve centanni is out the pentagon. >> general mcchrystal said this effort in afghanistan is properly resources now that we
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are getting an additional 30,000 troops. they will go into afghanistan, mostly in the south, to try to secure the area where the taliban is very strong. we have to reverse the momentum. according to general mcchrystal , there are a couple of stumbling blocks along the way, and that is the afghanistan government credibility. after all, there's widespread corruption inside the government. president cakarzai has vowed to turn that around. entrained the afghan police to get ready for the july 20 date -- and getting to the afghan police trained to be ready for the july 20 date. pakistan is key to all of this, and also a wild card. all of this is being talked
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about today. martha: a pretty serious list and a lot of big challenges. secretary gates is continuing his trip by the region. >> he was in afghanistan. it was a surprise to many. he showed up in kabul. he has landed in baghdad, iraq. before leaving, he told the afghan people that we are not going to abandon them why they have been in the past. he said that we're there for the long haul and that we will be there for some period after july 2011 when we begin this transition. he says this is a relationship forged in blood. martha: steve centanni, thank you very much. bill: president obama's nobel peace prize speech. the award for promoting world peace comes days after the president announced an
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additional 30,000 troops for the war in afghanistan. he faced a big challenge in the speech today. here as part of what he said and how he made his argument. >> whatever mistakes we have made, the fact is this. united states has helped underwrite global security for more than six decades with the blood of our citizens, and the strength of our arms. the service and sacrifice of our men and women in uniform has promoted peace and prosperity from germany to korea, and enabled democracy to take hold in place is true we have borne the burden not because we seem to oppose armed will, we have done so out of enlightened self- interest, because we seek a better future for our children, and we believe that their lives will be better if others' children and grandchildren can
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live in freedom and prosperity. bill: steven hayes, good morning to you. juan williams, good morning to you. this was not so much a speech about peace. halfway through, it was a justification of war. how did it go? >> i think it was a good speech. it was a better speech than i expected. the first half was a defense of the u.s. use of force around the world. i think that was a strong part three of which he would have done it without all the caveats and the references to the mistakes. the second half of the speech did not do much for me when he referenced guantanamo bay and he got applause for that. the beginning of the speech that the united states is a seeker of
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peace was good and surprising. bill: it was amazing how many people in the audience were sitting on their hands. the applause was minimal. what did you think of the speech? >> i would think steve would like that speech because it is a justification for saying war and the use of war is necessary. he cited the war against hitler. he said you have to go after all, the aggressively in order to achieve peace because wishing for peace is not enough. the contradiction, the paradox that you were talking about, was so obvious to me when the nobel peace prize committee awarded president obama this moment, they said it was because he was someone who put the negotiations first. he was someone who used diplomatic means. he was someone who was tried to stop the spread of nuclear weapons. now he is a few days away from
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sending more troops to afghanistan. the nuclear treaties with russia and the like have gone apart three weeks in a spread of nuclear weapons in north korea and possibly iran. bill: remember when he was nominated in february? this was a brand new president. he said we are going to get out of the rock. afghanistan was not even the headline. -- he said we are going to get out of the iraq. steve, how does it help the u.s. for him to go there and accept this award? >> the award itself is a farce. he had not accomplished anything when he got it. the second half of the speech was filled with, in some ways, nonsensical claims -- things that the nobel committee surely that they thought they were going to get for longer when
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they invited him. what also struck me was a bit of a mismatch between his rhetoric and what he has done. especially in places like iran. it said that the people in these movements, hope and history have to know we're on their side. in june, the president did not come out on the side of the revolutionaries in iran. he's up on his hands -- he sat on his chance. bill: what do we get out of it? is there anything bad that comes out of this? >> he is the third u.s. president to get this. it's an honor for us to have our president honored in this way. there's a lot of discontent at home. 2/3 of the american people do not think he deserves it. by his own measure, he does not think he deserves it. it's an honor for the in the united states.
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it is an honor for a president to stand up and say this is why we fight. we fight because we have a good cause. this is a worthy war, and some do go world should support. that is a good message at this time. bill: by the way, the dalai lama is on your bandwagon. he said it was too soon. go back to your point about what the committee was hoping to get out of this. why give it to a brand new u.s. president? >> they spelled this out a little bit. they talked about this as an aspirational award, something that would remind people what america is all about. they got some of that in the second half of the president's speech. they wanted to highlight not george w. bush.
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they did not like many of the things that he did in the past eight years. you heard president obama directly challenge some of those things. that does not do him any good. but does not do the country any good, but it was expected when he referenced gitmo, and they sort of things we have come to expect. bill: thank you. good to see you. martha: a lot of talk about norway today, and not just because of president obama's nobel peace prize. people out there, quite a surprise when a mysterious spy row of lights -- spiral of light in the sky. wait until you hear what they were actually witnessing.
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jon: good morning. we will see you in less than 20
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minutes. when we do, breaking news about the case of the five american men from northern virginia arrested in pakistan and charged with terrorism. they have something with them that authorities say could help the investigation. jane: congress has subpoenaed the white house party crashers. salahis lawyer says they will plead the fifth. martha: it was a bizarre scene in the sky above the norm way just before president obama accepted the nobel peace prize. it is not a ufo. what you are looking at in the middle of the screen is a russian intercontinental ballistic missile. it is a failed test for the russians. why was the kremlin lobbing
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missiles over norway when the leader of the free world was on the ground underneath? an expert on russia joins us. that is the opening question. what is russia doing firing missiles over oslo while our president is there except in the nobel peace prize? >> it's a good question. it's not just about oslo and the peace prize. the kremlin is engaged in subversive as did arms talks to prolong the treaty signed under the clinton administration to create a follow on friedrich it really begs the question what are the kremlin's intentions? martha: on the one hand, you have these discussions about cutting back on these types of missiles. on the other hand, our president is excepting the nobel peace
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prize, and they are watching this missile. what would it be able to achieve, this missile? >> this is a long-range nuclear capable intercontinental ballistic missile. this is a missile that has had some technological problems, but it is part of a larger program. since the start of the putin administration and until today, russia has been engaged in a very strategic sophistication of its nuclear arsenal. martha: so they're in the middle of a build up. they are trying to fine-tune their equipment. it is also important to remember that we abandoned the missile defense shield program in eastern european countries. what did we get for that? >> that is a very good question.
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they are modernizing their arsenal. they are streamlining it. by the way, a lot of this technology, including the missile that failed earlier this morning, was intended to overwhelm u.s. missile defenses. a lot of the military modernization is deirdre conceivable scenario -- it is geared toward a conceivable scenario where they would be in a conflict with us. it does not meet is likely, but the russians are thinking about it. we should be thinking the same thing. the paradox is that we are not. every nuclear power is going after a modernization of their nuclear missiles. we are not. we are banking on arms control. martha: it goes back to the reason that president obama is in norway. he was given the prize because he believes in diplomacy and he believes in things like not
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having a missile shield that would protect us. and then you have russia doing the exact opposite. they are upgrading what they have. meanwhile, all of our nuclear equipment and intercontinental ballistic missiles are old, outdated, and not being fine- tuned. >> that is exactly right. this has all sorts of implications, not only for standing with russia, but how we can provide for the security of our allies. as president obama said in normally, we have provided for the security of the world for the last six decades 3 we've done so through the robust military strength and nuclear arsenal to what happens in the years ahead when the nuclear toward kids passed from the united states to moscow? what does that mean for our standing in the world? i do not think it means anything good.
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martha: it turned out to be a very interesting story. thank you very much. bill: i still think kill looks like a spotlight. don't you think? -- i still think you'll looks like a spotlight. martha: it is very interesting breed turns out to be a failed missile. bill: a new flap about a controversial white house nominee. in 3 minutes, find out why this one got so ugly and so fast. .
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martha: here is a nice story. trying to get back to those families who have sacrificed the most. their loved ones a fall in u.s. soldiers. -- of fallen u.s. soldiers.
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more than 1300 family members flew into dallas fort worth airport for an all expenses paid we can get away. this is an nice holiday gift. flown in for free, courtesy of american airlines. that is a nice story. bill: the obama administration is nominating a gay rights advocate to serve on the people in plummet opportunity commission, the group in charge of enforcing anti demonstration -- discrimination laws. who is the nominee, and what is the problem? >> she is a georgetown professor. she is a very well-known scholar on a number of fronts, but as you mentioned, she is a gay rights advocate. she has been nominated to the eoc to make sure that everybody is getting the same treatment. she admits to being an aggressive candidate. her critics argue that it is all but given heightened protection
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and rights to that community, and they worry that she will go with an agenda, instead of just enforcing. talking about how the rights of the gay community might conflict with the religious community, there are churches declining to perform same-sex marriages. here's what she said. bill: if that is the case, some are suggesting she has softened their rhetoric in recent weeks? is there evidence to that? >> it sounds like it. she testified before the senate health committee. this is some of the testimony she gave addressing critics concerns.
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>> i have a deep-seated tolerance for religious difference. i do not think it is possible to grow up the daughter of a holocaust survivor and not be committed to principles of pluralism. >> in the same hearing, she had to sign a petition advocating for recognition of all kinds of regulations, including polygamy. she wrote to the authors in 2009 and asked for a name to be removed from the petition, saying it goes further than makes her comfortable. the bulk of this is headed up by tom harkin. they are said to have a vote for new, but given everything else on the hill, we will have to see.
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there is fertile doubt that she will actually get passed. we do expect her to get through. -- there is very little doubt that she will get passed. martha: folks are calling it the story of the christmas cow, and it is getting tons of attention.
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martha: this next story puts a new spin on the phrase holy cow. take a look. isn't that the cutest thing you have ever seen? he was going like that, with a cross on his forehead. his owner thinks that the marking may be a message from above, and it may be. in the meantime, neighborhood kids have come up with the name for the little one. hit. hit.


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