| 00:00:02 |
HOST, -
A HEADLINE ABOUT THE DECISION FROM THE FEDERAL RESERVE TO KEEP INTEREST RATES NEAR 0 UNTIL MID-2013. HERE'S WHAT THEY HAVE TO SAY. INVESTORS SEEMED...
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| 00:01:59 |
HOST, -
BALTIMORE SUN" WITH THAT STORY. INSIDE "THE WALL STREET JOURNAL" -- HOST: IT SAYS
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| 00:02:26 |
HOST, -
THE FED HAS SPENT A LOT OF ITS VOTES. THE REAL FOCUS LESS ON WHAT IS GOING ON WITH THE POLITICAL SIDE OF THE EQUATION, WHICH IS WHERE THE PROBLEM MEANS...
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| 00:03:15 |
HOST, -
WHAT DO YOU THINK OF THE FED'S MODE? BOBBY IS A DEMOCRAT IN TALLAHASSEE, FLORIDA. CALLER: IT
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| 00:03:26 |
CALLER, -
IS DISHEARTENING TO ME. IT SEEMS THAT RIGHT NOW IN CONGRESS THERE SEEMS TO BE AN IDEOLOGICAL TUG-OF-FOUR BETWEEN BOTH PARTIES. ONE SIDE SEEMS TO NOT...
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| 00:04:49 |
HOST, -
TWO SIDES SHOULD COMPROMISE WHEN THE SUPER-COMMITTEE FINALLY COMES TOGETHER? AND, DOES THAT MEAN ENTITLEMENTS, MEDICARE IS ON THE TABLE? CALLER:
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| 00:05:02 |
CALLER, -
MEDICARE ENTITLEMENTS WERE ON THE TABLE FROM THE BEGINNING BY THE DEMOCRATS, THE DEMOCRATS NEED TO UNDERSTAND YOU CANNOT COMPROMISE WITH SOMEBODY THAT...
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| 00:05:30 |
HOST, -
JOHN, A DEMOCRAT IN FLORIDA. CALLER: WHY WOULD THE
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| 00:05:36 |
CALLER, -
GOVERNMENT GIVE US TWO YEARS OF NO INTEREST FOR PEOPLE TO BORROW MONEY WHEN THERE IS NO JOBS OUT HERE FOR PEOPLE TO EVEN GET MONEY TO BUY ANYTHING...
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| 00:06:50 |
HOST, -
A REPUBLICAN, JAY IS JOINING US FROM MARTINSBURG, VIRGINIA. CALLER: ABOUT
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| 00:06:58 |
CALLER, -
THE GENERAL INTEREST RATES, IF YOU LOOK AT WHAT HAPPENED TO THE HOUSING MARKETS, PEOPLE GETTING INTO THEM WITH NO DOWN PAYMENTS, AND THINGS LIKE THAT,...
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| 00:08:07 |
HOST, -
FINISH. HOST: A SHARE. -- SURE. CALLER: CLINTON
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| 00:08:17 |
CALLER, -
SIGNED THE BILLS FOR NAFTA AND THOSE POLICIES. OVER INTO THE BUSH ADMINISTRATION. HOST: A COUPLE OF
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| 00:08:25 |
HOST, -
STORIES. OVER INTO THE S&P DOWNGRADE -- HERE, THE "FINANCIAL TIMES" -- THEY DID NOT FACE DOWNGRADES. STEPHEN MURPHY, THE HEAD OF RADIANCE SAYS THE AGENCY...
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| 00:09:00 |
HOST, -
ALSO, THE NEWS FROM THE FED CALLCAUSED THE SWISS FRANC SEARCH. HERE IS "THE WALL STREET JOURNAL TURCOTT." SARASOTA, FLORIDA. CARL, AN INDEPENDENT. WHAT...
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| 00:09:34 |
CALLER, -
IN SARASOTA, FLORIDA. WE TESTIFIED ON BEHALF OF THE AMERICAN PEOPLE AGAINST STATE AND FEDERAL, -- I'M SORRY, CIVIC ASSET FORFEITURE, AND WHEN WE TESTIFIED...
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| 00:10:11 |
HOST, -
THIS HAVE TO DO WITH THE FED YESTERDAY? CALLER: WE ARE
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| 00:10:17 |
CALLER, -
LIVING HERE IN SARASOTA, FLORIDA. YOU HAVE TO GIVE ME A CHANCE TO FINISH WHAT I'M GOING TO SAY. HOST: YOU HAVE
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| 00:10:28 |
HOST, -
TO TURN THE TELEVISION DOWN. SORRY ABOUT THAT, CARL. LET ME SHOW YOU WHAT THE FED HAD TO SAY. THE COMMITTEE ANTICIPATES THAT IF ECONOMIC CONDITIONS,...
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| 00:10:51 |
HOST, -
TO CLINTON, NEW JERSEY, NEXT, ALAN, AND THE DEMOCRATIC LINE. CALLER:
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| 00:10:58 |
CALLER, -
I DID NOT THINK ANYTHING THE FED SAYS HAS ADDED IN TO DO WITH NORMAL AMERICAN PEOPLE. THE PEOPLE GOT THEIR MONEY, AND IF THEY GO OUT AND SPEND IT, THEY...
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| 00:11:25 |
HOST, -
FLORIDA. GLENN, A REPUBLICAN. CALLER:
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| 00:11:30 |
CALLER, -
THANK YOU. YOU DO A GREAT JOB. I WOULD VOTE FOR ALAN WEST. I DID VOTE FOR ALAN KEYS. HOST:
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| 00:11:42 |
HOST, -
WE ARE LISTENING. CALLER: I TRY NOT TO BE
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| 00:11:47 |
CALLER, -
A RACIST, BUT IF CORNELL AND WHAT -- CORNELL WEST, AND TAVIS SMILEY, IF THEY HAD THEIR WAY, IT WOULD BE LIKE AFRICA SINCE THEY THINK THE BLACK THING...
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| 00:12:05 |
HOST, -
FED -- LET'S GET BACK TO THE SIDE. -- SAID. CALLER: I DO
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| 00:12:15 |
CALLER, -
NOT THINK THAT IS GOING TO BE ANY GOOD. RONALD REAGAN WOULD BE RIGHT WHEN HE SAID THE GOVERNMENT DOES NOT THE SOLUTION TO THE PROBLEM, IT IS THE PROBLEM....
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| 00:12:34 |
HOST, -
FROM THE FED. HOST: "WALL STREET JOURNAL"
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| 00:13:01 |
HOST, -
WAYS IN SAYING THERE IS NO DOUBT INFLATION CAN ERODE THE VALUE OF MONEY AND DEBT, AS ARGENTINA TRIES THIS EVERY YEAR, BUT THE MIDDLE CLASS PAYS A HUGE...
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| 00:13:29 |
HOST, -
TRACY, A DEMOCRATIC COLLEGE IN PHILADELPHIA. WELCOME TO THE CONVERSATION. CALLER: I'M
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| 00:13:36 |
CALLER, -
CALLING ABOUT WHAT THE FED DID YESTERDAY. I THINK IT IS A GREAT THING. NOW, WE CAN CREATE JOBS. THE REPUBLICANS RAN ON JOB CREATION. THEY LOWER THE...
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| 00:14:10 |
HOST, -
PROBABLY LEARNING THIS MORNING THAT SENATE MAJORITY LEADER HARRY REID NAMED HIS CHOICES FOR THE SO-CALLED SUPER-COMMITTEE, AND ONE OF THEM IS PATTY...
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| 00:15:56 |
HOST, -
THAT SENATOR HARRY REID PACT IS JOHN KERRY. HERE IS "THE WASHINGTON JOURNAL -- THE WALL STREET JOURNAL." HOST: WE'LL GO TO ALAN,
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| 00:16:21 |
HOST, -
AN INDEPENDENT IN DETROIT. CALLER: I THINK WHAT THE
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| 00:16:26 |
CALLER, -
FED DID IS A GOOD THING FOR THE SIMPLE REASON THAT THE REPUBLICANS CAN NO LONGER SAY THAT THESE BUSH TAX CUTS ARE NECESSARY, BECAUSE THEY HAVE THE OPPORTUNITY...
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| 00:17:24 |
HOST, -
HEAR FROM BOFA, READ ON,CA RATON, FLORIDA. CALLER: I DO NOT THINK
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| 00:17:35 |
CALLER, -
THE PEOPLE UNDERSTAND OR LISTEN, MOST OF THEM, WHEN YOU ARE HAVING SUCH WONDERFUL INFORMATION ON EVERY SINGLE DAY. THESE LOW INTEREST RATES HAVE BEEN...
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| 00:18:59 |
HOST, -
IT THERE. HERE IS IT "THE GOLDEN VALE." -- "THE GLOBE AND MAIL." HOST:
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| 00:19:43 |
HOST, -
CONNIE, DEMOCRATIC LINE. MARYLAND, WHAT DO YOU THINK? CALLER: HE DID NOT HAVE
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| 00:19:50 |
CALLER, -
A CHOICE. NOW WE HAVE TO CONCENTRATE ON JOBS. HOST: WHAT DO YOU WANT TO
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| 00:19:59 |
HOST, -
SEE ON JOBS? CALLER: I WANT
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| 00:20:02 |
CALLER, -
INFRASTRUCTURE. ANYTHING TO PUT PEOPLE BACK TO WORK. THEY CANNOT KEEP GOING WITH NO JOBS. ANYONE THAT WOULD VOTE FOR A REPUBLICAN, WHO SUPPORTS THINGS...
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| 00:20:24 |
HOST, -
SHOULD CONGRESS RETURN TO WORK ON JOBS?
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| 00:20:27 |
CALLER, -
CALLER: YES. THEY SHOULD NOT HAVE LEFT. I WISH THIS PRESIDENT WOULD CALL THEM BACK. THAT IS WHY DURING THIS ELECTION WE HAVE TO GET THE PEOPLE OUT TO...
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| 00:21:05 |
HOST, -
CAROLINA. CALLER: PLEASE LET
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| 00:21:11 |
CALLER, -
ME MAKE A COUPLE OF COMMENTS. PLEASE DO NOT HANG ME UP. I WILL NOT GO ON LIKE THE FLORIDA GUY. AND I HAVE BEEN TRYING TO GET IN. I TAKE ISSUE WITH THE...
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| 00:22:39 |
HOST, -
MANY OF YOU SAW THAT DEMOCRATS WERE FLOODING THE BANKS WITH MARKET TURMOIL. ACCORDING TO BRIAN MOYNIHAN, HE FACES A CRUCIAL CONFERENCE CALL TODAY AFTER...
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| 00:23:15 |
HOST, -
IS "THE WALL STREET JOURNAL," THIS MORNING, WITH A STORY ABOUT THE CALM IN THE STORM. BOTH BANKS EMPHASIZING THAT THEY ARE HEALTHIER THAN THEY WERE...
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| 00:23:45 |
HOST, -
NEW JERSEY. ALEX, INDEPENDENT CALLER. GO AHEAD.
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| 00:23:54 |
CALLER, -
CALLER: [UNINTELLIGIBLE] TEH REALHE REAL INFLATION IS MUCH HIGHER THAN WHAT PEOPLE SAY. THAT IS ALSO WHY YOU SEE, EVEN THOUGH EUROPE IS IN MUCH BIGGER...
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| 00:24:37 |
HOST, -
HOST: FLORIDA, WALTZ.
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| 00:24:39 |
CALLER, -
CALLER: I WOULD LIKE TO POINT OUT OF THE FACT THAT THE FED IS DOING THE RIGHT THING. GOING IN THE RIGHT DIRECTION.
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| 00:24:47 |
HOST, -
HOST: OK. CALLER: THEY ARE TRYING
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| 00:24:51 |
CALLER, -
TO GET THE MONEY CIRCULATING AGAIN. HOST: "THE NEW YORK
|
| 00:24:58 |
HOST, -
TIMES," EDITORIAL TODAY CALLS ON THE GOVERNMENT TO TAX THE MONEY THAT THESE BANKS ARE HOLDING IN RESERVE AS A WAY TO SPUR THEM TO LEND IT IT. WHAT DO...
|
| 00:25:14 |
CALLER, -
HOPE THAT THEY DO. -- CALLER: I HOPE THAT THEY DO. SOMETHING THAT HAS TO BE DONE, BECAUSE THEY KEEP TAKING YOUR MONEY WITH HIGH INTEREST RATES, THEY...
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| 00:26:37 |
HOST, -
FLORIDA, REPUBLICAN LINE. GO-AHEAD. CALLER: I DO AGREE WITH
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| 00:26:45 |
CALLER, -
THE GENTLEMAN FROM THE CAROLINAS, I THINK. YOU HAVE A LOT OF LISTENERS WANTING TO OPINE. I GUESS I WILL TALK ABOUT YOUR PREVIOUS COMMENT. TAXING THE...
|
| 00:28:53 |
HOST, -
TROY, NEW YORK. GO-AHEAD. CALLER: IT SEEMS TO ME
|
| 00:28:59 |
CALLER, -
THAT THE PEOPLE WITH THE FED AND ALL OF THE BANKS AND APPROVALS, AMONGST THE REPUBLICANS AND DEMOCRATS, THE MAIN ISSUE IS REALLY MANUFACTURING. THE AUTO...
|
| 00:29:47 |
HOST, -
CONTINUE OUR WEEKLONG SERIES ON THE AMERICAN WORK FORCE. THAT IS WHAT WE WILL TALK ABOUT WHEN WE COME BACK. FIRST, NEWS UPDATE FROM C-SPAN RADIO. >>...
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| 00:30:01 |
Unidentified Speaker, -
IN PAKISTAN SAY THAT AMERICAN-FIRED MISSILES HAVE KILLED 20 ISLAMIC MILITANTS IN THE NORTHWEST PART OF THE COUNTRY TODAY. AND MOST OF THEM WERE FIGHTING...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.