tv The Dylan Ratigan Show MSNBC August 4, 2011 4:00pm-5:00pm EDT
inkrezably powerful level to affect behavior because it is so alarming to the people of the world when they watch the net asset vault of all productive assets in a day lose 4% of its value. you're in a multipercentage decline in the overall value of all assets at a time when we could be releasing tremendous prosperity. >> none of our viewers are doing to leave because you're the man to explain all of this. so take over. >> thank very much and for the opportunity to use some of your time to get into this at market closes. nice to see you. breaking news at this to hour as the u.s. stock market, closing bell at this hour, seeing a day that saw investors flee the market. you know my name. i am dylan ratigan. let's get after it. stocks drops 4% on the day, concluding their worst decline in two years' time. think about the past two week. this is less about a reaction to a specific bad economic report
or debt fight, although we have plenty of them. this massive sell-off is much a result of the global perception america has tremendous challenges with employment, with prosperity. by the way, we also have tremendous resources to solve them, but they are political structure at this point, it's so lacking in integrity and shared purpose that it is too weak to actually address the problems. to our benefit in america, the same indictment of character and process applies across western europe. in fact, they may be worse than us, which might be our best hope for the short term. the reaction has been in the making for two weeks. the dow down nine of the past ten days as they have observed the carnival of american additionmaking. s&p down eight of the past nine. the markets in effect shedding risk saying i don't know that the prosperity of employment and production is likely to manifest over the six, nine, 12 months ahead and as such i think i want a little less risk, a little
less invermts. after two weeks watching d.c. politics up close, a tipping point after ten days of pressure, selling, selling, selling, finally it let's go. with us on the phone, president of fleckenstein capital. years ahead of time traded through it but a consistent voice on the need to restore xaept in this marketplace to avoid the nonscenes we're still navigating. bill, do you think market's reaction is appropriate? >> well, john, first of all, nice to be with you again. >> nigs ce to talk to you i. th what you were explaining to martenmart en en and what you just said is accurate. folks need to step back and recognize that this reaction that happened today or that has been sort of building here was not a reaction to the debt
ceiling. we've done that dance many times before, and, you know what they did was, you know, next to nothing as usual. maybe this was even a little better than the last time we did this. as you said, this was -- we have broken financial system and sort of capital broken in this country for some time. in 2008 and 2009 the crisis was the banking system was tiering, and we and europe gave their banking systems a do-over as central banks and government stepped in. now what's happening is it's a sovereign debt problem. it's not about the banking system so much. it's about the governments that are behind the central banks, and in europe, we have the situation where they can't quite get a bailout going, as much as they'd like to, because of the mechanisms of the esfs and all that, and over here ben stopped qe2 and positioned people to believe he has their back even though he can't fix the problems
largely createed by the feds and bubble blowing in the past and now a gun to his head and the markets are saying give us more qe3, we're going to melt down by wednesday. unfortunately, they're going to bring more of the same medicine and until the markets take away the printing press from the fed so that the politicians in washington or the new ones we send there next time when we finally get fed up with the people not doing their jobs, the markets are going to force the politicians to come to grips with these problems you eloqu t eloquently scribe every day on your show. health care is broken, we can't afford entitlement. doesn't matter how want to solve the problem, we have to admit these things and solve these things. if if i made you king, you could find a commission, get it settled up in three months' time. political with we don't have the nerve to do it because our political system is out of control. just like the fed's out of control. >> how do you resolve, how do
you begin the process of resolution knowing that you owe more money than you have, that you have this corrupt relationship between the financial system and the government that you have? that the markets and the world is concerned that future employment is not going to be there, future prosperitisy threatened because of what we're discussing and how do you use the incredible incentive that the threat is, the incredible opportunity that that level of problem-solving represents to compel a real resolution as opposed to insane sort of single issue crusades to annihilate spending on this or annihilate spending on that without actually engaging in an understanding of what of the long term goals are and how it all fits together? >> well, unfortunately, that's a very difficult question to answer. i think the pressure has to get intense enough that the people in washington are actually
terrified. we saw a little taste of that when we wound up getting the t.a.r.p., and, you know, those other bills. and -- and i guess the pressure hear to get intense enough so -- that the people that keep passing the bills who don't know anything actually scratch their aides andy is, what's the problem? where they listen to a guy like ron paul they love to hate because he tells them the truth and is worried about the long-term problems, not the problems between now and the next election. so unfortunately, you know, markets, which make people money, also sometimes take money away and they discipline the politicians that you pointed out, and it's going to take more pressure from the financial markets, i'm afraid, to get people to focus on these issues. i don't know that they'll be a magic bullet. has the catalyst will be which two thingless come together any more and that you and i could be talking about the problem as we have for a long time, why, in the last two weeks did it finally happen? well, it was just ready to.
we have to hope somehow we can spawn spontaneous combustion in washington, but i think it has to get uglier first. >> yeah. i don't necessarily disagree with that bill. i wish it wasn't the case and i appreciate you grabbing the phone at the end of the market. a pleasure to have you back in this conversation on this program. and to benefit from the your insights. thanks for the time, bill. >> i'm here any time for you. let's bring in former pennsylvania governor ed rendell, who full com prehenlds the conversation we're having and an shared active value solver in government, in pennsylvania, understands the process of having a north star and shared with groups of people to work with integrity to pursue those north stars. governor, how is it that we -- how much pain do the markets have to bring down upon this government before they get it? >> probably no level of pain can do it before the 2012 election.
it's pitiful. had you hear from the republican leadership that they're not going to put anybody on this super committee that participated in the gang of six on the simpson bowles commission, the only group that's really tried to roll up their sleeves and have real discussions about what we need to get the nation's financial picture and economy under control, when you hear that, you know that the next 16 months are going to be wasted. wasted. i'm not sure we can afford to waste those next 16 months. >> let me ask you a question, though. assume by political analysis, history information, you're more or less correct. let me introduce a new variable, however. the stock market was down 500 points today. the bond, absolutely, was a safe haven. the movement and decline in the bond, ten-year bond to 2.5%, because everybody was getting out of commodities, getting out of stocks. getting out of anything that was perceived to have any risk because they're concerned about the forward prosperity of this
country? i get a few more days like this, i know it will snap back a little tomorrow, but if you start to get a financial market that is leaning on the economy. people's 401(k)s and the political environment, remotely the way it did in 2008, how is it possible for either democrats or republicans to sit there arguing, you know, we won't play or we want to go on a bus tour? >> well, the problem, dylan is, there's no certainty among politicians. even the good ones. even the tom coburns and mark warners. no certainty in the market's message. assume for a second there's a sports writer in philadelphia has a column called "if i were king of the world" and he says what he'd change in the sports world. make me king of the world for a second. i would basically make the gang of six, the senate representation on this committee. and let's assume the gang of six did its work, and we put together some long-term entitlements reform that saves
significant mon on entitlements and does, yes, even cut some benefits and we put together a revenue package that makes sense, that is consistent with the data and the fact-finding from the last 20, 30, 40 years? we know what works and doesn't work when it comes to producing revenue. assume question all of that. can you guarantee us that the market's going to turn around and do well? >> you know what i can do is, i don't know about doing all that, but i can tell you, whatever you do drives an increase in employment, and increase in investment in america and an increase in production in this country, i can guarantee you the stock market will go up. so whether your policy initiative does that or not is a matter for debate or mine or anybody else's, i guarantee you, if we are working together to create investment in this country using the tax code, using trade policy, using a bank reform and bank policy that drives that level of investment, that, that actually results in
hiring prosperity and job creation i can assure you the stock market and 401 askes, yes, will go up. >> i think that's correct, but i'm not sure that all of those thingless have a short-term effect on job creation. we've got to listen to simps's bogue zipsen bowles and invest's in when debt reduction is the key, find ways to invest in things we know will produce good paying jobs and help american manufacturing rebound. you've heard me say it before and you've been a proponent of it. right now the best thing we can do for the job picture in tis country is dedicate ourselves to a long term, five, ten-year prime minister to reform and revitalize this country's infrastructure and make us economically competitive. >> and how about funding that by taking the offshore profits that are -- >> absolutely. >> bring them back onshore. we talk about this i. think you could do federal government initiative.
you could do a $ 200 billion a year program coming from the federal government. the rest come from state, local and private investment. so if we repatriated that money, at 15%, half of -- less than half und are the tax rate, producing $210 billion. start us off the first three years of instlaechlt we need. bingo. >> but i guess -- >> bingo. >> the issue. i want to bring the panel into this, governor. whether it's you and i talking on television or a variety of various smart, hi guys, there's jimmy, karen and susan. no shortage of ideas as to, we have the idea we're discussing now. many others. but there is a shortage of a sense, jimmy williams, that the government can take any set of ideas and integrity resolve a debate using those ideas to actually pursue a share purpose. >> well, first and foremost, the government doesn't normally pro-act. the government reacts. that's pitiful but that is our government. the question is --
>> it's time to change that. >> i agree, governor. couldn't agree more. live, i would love to see the president of the united states introduce a bill when they gets back from chicago that says it's simple. keep personal income rates exactly where they are. lower corporate rate to 20% and get rid of everything else. you don't guess depreciation, nothing eggs. we're going to do a workers project, have like you just said, hundreds of billions of dollars worth of investment to rebuild schools, impose a 1% tax on billionaire, et cetera. >> that's a plan. >> i get it. karen finney, the question is not are there good plans. >> right. >> it's evident there be many good plans of a wide variety of persuasion and idea. the market is not indicting our plan. the market is indicting our ability to discuss plans and implement things. >> exactly right. dylan, i heard you talk about this earlier today.
the american people have been saying it for weeks and weeks and we're weeks and the market saying it for weeks and weeks and weeks when they said we are losing confidence they weren't talking just about the mechanics of implement this cut and that forth. it was the back and forth hostagetaking. soerp, got to put some of this on the republican because i do think democrats were more likely to compromise. >> susan's here and will take care of that side. >> okay. the point being, when you see freshmen republican members of congress who say, you know what? let the thing go over the edgewe don't care. that's not going to instill confidence that people's going at the end of the day is to actually implement something. i think that, whether or not it's, you know -- this president back from chicago. the point is, we have to prove that they can actually get it done. you know, take one of the many ideas you guy was just talking about. just get it done, just to show, you know what? we can actually. >> get something done. >> go ahead, susan. >> i was going to respond to the
political comment. you brought up a bigger issue that's more important. >> appreciate it. the audience gives you full respect for not getting suckered into the prior conversation. >> you mentioned people having ideaed, what does it take? what we don't have is leadership to do it. we don't have individuals willing to charge that way. right now, politicians are too afraid. in congress, they only have two years. after the first six months, they have to start fund-raising. knop way to do it. maybe you see a little bit more in the leadership. >> what about -- >> a little more leadership on the senate but not that much. >> what about the president of the united states? >> that's where people tend top go. republican or democrat, they will -- the country turns to their president for leadership. and that's where they need to see it coming from. >> susan, what -- >> hold on, karen. i'll keep you the next block. one last word from the governor and i'll bring everybody back. go ahead, governor. >> dylan, i think susan and
jimmy are both right. i think this is an area where the president needs to step up. and he needs not to do politics. he needs to do substance, and he should do substance, because the best politics is good government, and people want their president to lead. even if they don't necessarily agree with it. if it's a plan that's workable and can get things done, i think people will appreciate that. i think the president should outline a bold plan. i love the infrastructure bank. i think we need the infrastructure bank. but it only helps us in private dollars in. private dollars aren't going to repair up a the thing we need to repair because many can never have a return on investment. >> not to mention the tax code and -- >> absolutely. >> the loopholes, jimmy williams had a narrative on. >> the president's got to come in big. we talked about the grand plan. if we're going get the economy straightened out, if we're going to do this, the president should put on the table his big vision, the big plan. but he also should have a big plan for creating jobs, because
in the end, the way that you solve the government's deficit problems is produce revenue. produce revenue. that's what happened in the clinton years. we produced revenue up the gazoo and it worked. >> bottom line, referendum today with the sell-off, biggest we've seen in two years over a ten-day period of time, the stock market saying, i am skeptical of the american government's ability to do that. >> think of what happened, dylan, if the president essentially gave us his version of simpson bowles and at the same time an agreasive jobs program -- >> listen, i feel we have to go to 1945 and do a comprehensive look at prosperity plan, roll it out and get after it. you guys stick around. we do have to pay the bills around here. we've got a wonderful conversation, again it will continue. please, don't go anywhere. by the way, over at dylanratigan.com tonight we have deep analysis what we saw in the markets today and a look at your government's role in its
problem-solving. full coverage continues through the evening on dylanratigan.com. our panel and the governor stay for the continuing conversation right here, right now on msnbc. up next, fight or flight. brand new details speaking of dysfunctional government, about that faa shutdown has washington finally come to its senses on even that absurd matter let alone the grand plans we were just discussing? and the pollen outside. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. it's the brand allergists recommend most. ♪ lily and i are back on the road again. where we belong. with zyrtec®, i can love the air®.
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here. small plans playing out congress just reach add deal to end the partial faa shutdown that left tens of thousands with a paycheck and compromising our ongoing safety work but the overall further per sermgs of our government's ability to actually make decisions with a shared purpose that is in a positive direction and shared values to do it. governor, unfair to look at this faa latest as a microcosm of exactly what we're talking about? >> absolutely pathetic. absolute pathetics. we're letting union politics get in the way of safety, get in the way of construction projects, get in the way of the federal government collecting hundreds of millions of dollars in taxes. it was pathetic and give harry reid a little credit. talk was the president was in the room during this process and he tried hard to do association but harry reid i think has been
great throughout the entire process and my understanding harry brokered this and put it together. >> and susan, you've been talking how politicians reality to this process. is there any aspect of public shaming or the market rejecting everything as they are right now that gets into the mind of somebody where they think, we must reverse course, a conversation where bill fleckenstein what is the amount of pain? public humiliation, being ridiculed in the media for this nonsense and have governor rendell call you pathetic and a financial market in a sell-off as a direct rejection? at what point, what is a sitting congressman ar senator think? >> unfortunately, how do i jump on and get press and make myself look good and i have answers to it. that's the truth. >> that's my question and wipe i asked that question. i appreciate that answer. >> what should we do or say to make ourselves look good? secondly, be concerned enough that they're not going to be
re-elected or that things are going so bad, 500 points is horrible. $5 gas is worse. when people, constituents, really feel it and have to make sure they'll get re-elected they have to compromise. >> karen? >> i agree with susan that job number one is figure out how can i leverage this so at least i lose less if i can't look good. but then what i would hope, frankly, and i thought i heard something that suggested that actually members of congress are not actually doing as many town halls, shock, this recent -- than they have maybe in the past. champion i wish they would and i hope every single american, if you see your member of congress out and about, go up and tell them how disgusted you are. go up and tell them you will hold them accountable. we've talk and this before. until there is a political consequence, it doesn't change, because look at what's happening here in washington over the last few week. everybody was talking to each other spinning each other despite the fact again as we saw today the markets were saying
something different. the poll, most people were saying something different and it was a lot of that was shut wg on. the tinderbox, the danger, you have this disgust and resentment and vick imization and the population and anger, all this, you have politicians who are really into retaining power, whatever the mechanics of achieving that or perceived to be that day might be. the question is, is there a way to convert that rage and frustration which right now is manifesting itself in a destructive capacity? people look at this sand, you know what? shut the government down. these people don't know what they're doing. get this whole thing out of here? a pleasing, like a 4-year-old that doesn't like the situation and is very emotionally pleasing to take that anger and frustration and convert it into a terminal or destructive act because it feels better. at the same time we all know if we do not harness that energy in some way that is creative and
constructive towards prosperity goals in any way, that that energy will release itself. we can't pretend, the democratic party has screwed up by pretending that the energy and frustration that is there either doesn't exist or doesn't matter. i feel like the republican party has said, it's there. let's use it for an agenda that is destructionive. how do we take that energy and not deny its existence or manipulate it for destructive purposes butting knowledge it and engage it towards a constructive ledge of engagement? >> i want to remind people this is the first time the person people have been pissed off at theirs government. i recall as a small child the nixon era when people lost faith massively in their government. in 1992 when i was moving to washington, d.c. from south carolina, you remember the neat little man called ross perot and the movement you talk about and that the move nant he sort of
energized and internalized and became that candidate for that. but i want to say something. i want to remind people of something very simple. democrats are at fault and republicans at fault. democrats need to grow a set of balls and come up with ideas running around saying republicans are evil. i want to remind people my republican friends have done something very interesting. remind them that newt gingrich said i want medicare, whatever it was, to wither on the vine. republicans don't want government. they want to starve it to death. democrats don't have ideas to go and propose to the governor, just talked about that. democrats grow a set of balls and republicans to realize actually government can help people and should. and should leave people alone when they don't need it. >> we are going to keep the panel. wonderful conversation from everybody. i'm pleased to participate in this. i really enjoyed the conversation with all of you. governor, thank you for making it as good as it was, and helping us out. thank you, governor.
>> my pleasure, dylan. the panel stays. the governor goes. straight ahead -- we are not the only dysfunctional nation nor the only one looking for prosperity. china has many of its own problems, and as we all know, it is a popular political punching bag for our own problems. sometimes justifiably, perhaps. but even so, is indicting china really how we're going to solve our problems? next. the angth author of a new book. what americans do not understand about china and that we need to do move forward.
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for all of our conversation, one of our greatest trading partners and allies, they are financier of our own government and one of our greatest potential competitors, china. over a billion people, millions of our jobs, of course, trillions of our debt, they are the second largest u.s. trading partner and like it or not, the
country of china is now inextricably linked to our own nation. but how much do we truly understand about that country, its own diversity and how it functions behind the great wall? is it, in fact, the monolith we conveniently absorb for purposes of our own political dialogue? our specialist, tom xoek kskoka written a new book. the changing he saw taking place in beijing especially during the '08 olympic games. karen and susan and jimmy are also here. tom a pleasure. what do america's leaders who engage in policy with china, not just on trade, but across the board, need to understand about chinese culture and its nation in order to give them a better chance of actually having constructive relations? >> two things i think that need to be considered in the conversation about china.
first of all, it's mo complex than we give it credit for being. we think of it as having a one-on-one to see who's the best country, and that's not going an effective way of thinking about china. in the case of just the past week or so, the whole default business, a segment of china that's cheering for the u.s. to look foolish, but also a segment that counting on the u.s. to be able to pay back its debt. so we're -- tied up with them in any number of ways. the other thing is, really, the scale of china is something that's very hard for us to understand. you said a billion-plus people. we often talk about china as being a billion people, but, in fact, it's 1.3 billion. and the .3 billion is the population of the entire u.s. round off the entire population of the u.s. and you have kchina.
>> susan, go ahead. >> when you're saying we have to understand them better, better culturally ask i take it not just in business and not just trying, like you said, to one-up them. we want to beat them, be better, yet we hear their system is so much better. what do americans need to understand about the chinese so at least they're not trying to fight them as much as they can, maybe, compete and together find better solutions for themselves here? >> well, china is -- we think of china as being so centralized that there are commissars issues -- >> they're not? >> they're not. the authority is per vaesive the pervasive but not as centralized as we think. competing with different agendas trying to reach different goals which is why you can have these
kinds of results when they talk about opening up and you can see it in the rail system. it's an interesting case. there was that accident that just happened there. where you have i think the tension of china clearly on display. where's there's this extremely ambitious and inspiring national agenda of trying to put the country together with state-of-the-art infrastructure, but you also have these, the rail bureaucracy and the actual people in charge of the construction who are not necessarily on the same page as everyone else, and you have these -- >> which leads to a really ambitious plan and underlined l lacking in integ get a and you get a train that can go off the train and kill people? karen, go ahead. >> well, on that hope note -- >> which are we talking about? i can't remember. >> exactly. i actually traveled to china,
spent time there in the '90s with then first lady hillary clinton and one of the things that was, as an american woman, particularly hard to see in addition to some of the human rights issues is just the role and treatment of women and girls in chinese society, and so you having been there more recently, i wonder if you could speak to, in terms of chinese culture and society how women are doing, and what kind of role, if any, they're playing in the economic life of china? >> i think that the, there's a -- there's a deep commitment ideologically to quality there. and in some ways, women are well represented in the work force. i think the underlying concern is more at the sort of individual level where you have this tremendously skewed gender profile of the country as a result of selective family planning, where -- where people
want to have a son more than a daughter, and if they're only going to have one, thanks to -- although there are supposed to be policies to prevent people from finding out the gender of their child. >> you're saying ultimately, the gender issue in china is, the biggest gender issue in china, a huge disproportionate percentage of the population that is young men? >> right. i think this is -- it's a commonplace among people who study these things that things get worse for women when you have this sort of large population. >> jimmy, go ahead. >> tom, like karen, i'd gone to china when i was working in the senate and i remember my boss, senator durbin said, before i go -- before i went he said i want you to tell me what your impressions are of chine nap before you go and when you get back, let's talk. my impression was that china, everyone was orderly. it's a communist country. they have to follow the rules. they walk in straight lines.
they do everything that they're supposed to do. they don't break the law. china, all 1.3 billion of them, are returning around like aunts. they're all smoking, all chewing gum. they don't pay attention to the stop lights, yet he love western culture. tell me, explain to me why, if this is our new, our new enemy, if you will, why is it they want to be so much like us but aren't like us? >> well, i think that what you're seeing there to a great extent is the individuals, and one of the things that is interesting about being in china and talking to chinese people about china is that there's a send taens for people to a tendency to chock it up to, this happened to chinese people this way and that way and you end up with things that are totally contradicto contradictory, such as an idea of being reserved, respectful of
power and -- >> obedient and linear as a sort of concept. >> and them being after themselves and pursuing their individual goals and interests. and these things people will tell you are characteristically chinese. to be pursuing your individual purposes and the answer is that, like everyone else. >> really the answer i suppose is what is the goal? and wrap is the purpose? it's not -- whether you're a member of the group or whether you're a bunch of individuals, the question is, what is the purpose of the individual and the group and what are the shared values of doing that? thank you for spending some time with us. >> thanks for having me. >> i understand the book -- truly just, this is hot off the press as of today? >> yes. >> well, congratulations. no small achievement. "beijing welcomes you." the author, tom scoc krachlt.
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>> that, marla cooper, speaking on her uncle. a man she believes to be d.b. cooper who famously hijacked a plane in 1971, parachuted out of it with a couple hundred grand in tow. the only successful hijacking in u.s. history. with that said it does not mean it's the fbi's most interesting story from j. edgar hoover to swatching russian spies, all in our next guest's book "the secrets of the fbi." joining us, ronald kessler. if d.b. coop sir not the most compelling story, is there clearly another that is that story? >> the most astonishing thing in the book is, how the fbi breaks into homes and offices apds even embassies to plant bugging devices without getting caught and shot as burglar and equally astonishing, the fbi actually
gave that to me, although the fbi director approved giving me that material, it's about 20% of the book and it's just so unbelievable. you wouldn't put it in a movie, because it's not believable. before they go into an embassy let's say or an office, they, or a mafia home, that's another example, they will do surveillance for weeks to find out who goes in, who goes out. on the night of the break-in, they have agents who watch anybody who might return. let's say they work in an office and are at home. they want to make sure they don't go back. if they do go back, they will divert them. they will stage a phony traffic accident. dress as police officers and stop them. open a fire hydrant in the area 0 to make sure nobody goes there and also before they show a photo of any dog that might be in the premises to a veterinarian on contract, and he will prescribe based on the type of dog and weight ever the dog
just the right amount of tranquilizer that is then put into a dart gun. >> come on. >> shoot it into the dog. at the end of the break-in, shoot him again whip other drugs to wake them up because they don't want to create suspicion and the even bring their own dust, in case they disturb a coffee table, or desk, put their own dust on to make sure it's undisturbed. create phony fronts to houses or townhouses by taking a picture, creating a huge tarp and the agents will work behind that in the middle of the night to defeat the locks and alarm system, so nobody that's a passerby might see them. >> how much is this going on day-to-day now? >> this is very current. i interviewed the actual agent toos do this on a regular basis. some couldn't have their names used in the book and i went to the facility where all this is
done. it's a big euphemism word, engineering research facility out in quantico, but what it really is, is it does bugging, it creating bugs, it does the wiretapping, makes the hookups and they even showed me an actual bug. louis griever, the executive assistant director of the fbi third ranking who used to be on these teams himself went to his desk, brought over a bug, which was the size of a postage stamp. a little thicker, and it will record for 10 hours or transmit all in stereo as you wish. it was so shocking that the fbi would give me this that an fbi agent assigned to public affairs and was in on one of these interviews actually interjected and said, are you sure we can be giving him this? he or she is questioning the third ranking official in the fbi about whether this material could actually be given to me. another thing they do is create a phony bush.
they will go behind the bush and towards the front door of a house and -- >> come on, come on. that's like the "road runner." >> they will. also they go to elevator school in order to learn how to take control of an elevator. so they go into an office building to bug one of the suites and ride up on top of the elevator and in the middle of the night get off. put the bugs in. they get back on the elevator, ride up and down and go out in the morning dressed in business suits. >> the book, "the secrets of the fbi," if that was a tease for this publication it was damn good one. those are pretty tall tales that you're telling that apparently are not so tall after all. amazing journalism. interested to get the balance of this, mr. kessler. incredible storytelling on your part and, again, the man in the bush moving closer to the house
makes me smile. ronald kessler. >> thank you. >> the book "the strits of the fbi," coming up on "hardball" with chris. and first, the "daily rant" how america got to putin on the punch line. ever wonder what this costs you as a taxpayer? millions? tens of millions? hundreds of millions? not a single cent. the united states postal service doesn't run on your tax dollars. it's funded solely by stamps and postage. brought to you by the men and women of the american postal workers union. ♪ over a million people have discovered how easy it is to use legalzoom for important legal documents. so start your business, protect your family, launch your dreams. at legalzoom.com we put the law on your side.
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embarrassment. any fan of a losing sports team raiders can tell you, had you're stuck with losers year after year, there's no point pretending. the only way to deal with the shame is to embrace it and flaunt it and wear it, paper bag-style. here's the problem. well, the people running the country are pretending like they're solving things and things haven't bin this way, america's been a punchline in vladimir putin's stand-up routine. a few days ago he went before a crowd of russian teenagers trashing the united states as a pair radio site on the global economy. a russian autocrat calling america a parasite like we're sponging our mother russia, which to be fair we technicy are. i don't know if you remember this or not, just a decade ago russia was our punching bag for our transient leaders and comedians. as if russia only existed as a hard lesson to the world as what happens when you mess with the best. it was only yesterday yeltsin was begs us for handouts.
russians lining up for hours just to eat a big mac. that felt good. who could folder george bush doing a dempty chicken dance, how i beat the russians in a cold war? but now americans are lining up at mcdonald's job fairs so they can flip burgers for vlad. a decade ago america was commented the most powerful empire the world has ever known. running around lecturing russians and everybody else how they should run their economy and how to run their politics add and we shook our heads sadly how the poor savages would never, ever get their act together and be like us, and now, look at america a decade later? two losing wars, now three. a collapsed economy we can't fix for the life of us because our political system is corrupt and broken. today we're a punchline in putin's jokes, an object of his contempt. we're the laughingstock of the world's laughingstock and, folks, it hurts, and it should
hurt. and i'm still trying to figure out how this happened or why, i want to know, who. who did this to us? who? who? i want answers. i also want a brown paper bag, but i want answers and the names of the failure whose are doing this to us. last time i was on this program i talked about this problem and i offered a way maybe we could fight back, an organization called ratchetrfocrs. when i tell you i was surprised by the reaction from that show by viewers. i want you to know with your help, this organization is moving forward. blaming one side or the other is not working, and being just cynical about it, it's not doing anything. we're failing, because failures are in control. but i don't think it's helpless, or hopeless. if russia after losing the cold war and collapsing and everything in went through, if they could turn it around and make fun of us, then we, the nation thabeat them to the moon and beat them in everything