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joining me now this morning, i have professor dorian warren, and let's see if we can fit that on the kyron, and the cocreator of the daily show, and pulitzer prize winning journalists, and tim carney, for the second day in a row, and you get the award for coming after attending a wedding last night. i want to talk about rick perry's friday day. he had a great morning, and he was at the value voter summit and picked up a key endorsement from a pastor of the first baptist chur inch dallas which has 14,000 parishioners. and then the endorsement was so enthusic, he comes to the podium and says he knocks it out of the pock, and then jeffers goes and tells every reporter he can find and every microphone and camera that mormonism is a cult, and mitt romney is not a christian. i will play you one representative sample of this referring to mormonism as a cult. >> rick perry is a christian. he is a follow wur of jesus christ, and mitt romney is a good moral person, but he is not a christian. mormonism has always been considered a cult. >> well, tim carney, how mainstream of a position do you think this is, as somebody much more in touch with the voting public than i am? >> well, first of all, i am a catholic, so not that in touch with the voting population there. and i did look at the theological points, could a nonchristian be saved and go to heaven, and the leading evangelical conservative, he said those are theological questions, and i do worry about mitt romney's soul, but that doesn't mean i won't support him as president. and if you look at a christian and nonchristian, both are who good moral men, he would opt on the part of a christian, and if he saw two people that you know what he believes a little bit more, he would go with him. >> he did say basically that exact thing, and this is not going to be a problem in the general. but the anti-obama sentiment is so strong in the right, and the problem is in the primary, it seemed like it was litigated in 2008, and romney had to give a speech about this, and it has not been an issue here, but i guess -- here is what this pointed out to me. there was a period in time whenever political magazine and reporter, all they talked about was the evangelical vote. and it was then all of a sudden, we have the tea party now. if you look at the data, it's the same people. they didn't go anywhere, they started to show up at the tea party venues, and they have powerful religious convictions, and this did make me wonder whether we were prematurely dismissing this as an issue for romney. >> the thing that i find interesting is the question between a moral man and a evangelical born again person, and you read that and when he says, you know, would you rather have a moral man or somebody who is born again into the life of jesus christ, and i would rather have somebody moral, because you are -- it's separating morality. >> and yeah, i thought it was quite apt. this is ideological bedrock, right? he is saying, he is moral, but i don't care about moral, i care about whether your soul is saved. >> the subject is evangelical question is more moral. there are a whole host of black folks who may have a problem with mormonism and it being a little quacky. >> i don't think the republican nominee may get a large part of the african-american vote. >> don't be so sure. >> and 27% of democrats would have a problem voting for mormons, and don't go thinking the republicans are the only ones with the biases. >> in the perry camp's response to this, and they say we're not in the business of judging, because that's up to god, and it's like you are in politics. the very end of the day in nevad november, people make a decision called judging. >> and they had to try a couple times. the second response was rick perry does not believe mormonism is a cult. end of sentence. >> where is john huntsman in all of this? >> in the straw poll yesterday at the value voter summit, ron paul came in first, and herman cain who is the rising star -- >> pointing to me.gév8ayrñ i am. she has the buy there. and huntsman came in with 0%. it's not an issue for huntsman. did >>4h they would have a mormon rather than somebody that believes in science. >> i believe in science more than a lot of liberals do. >> expound. >> well, i think that science is about -- first of all, the limits of science do not extend to policy. some people say you are a science denier if you don't want cap and trade. you have to take into account economics and policies. and skeptics being deniers is backwards. >> this takes us slightly off topic, and we will circle back to romney, but the cap and trade example is perfect. i agree. opposing cap and trade as a policy does not make you a science denier, and the bigger issue is i am perfectly happy to have people on the show and i have had people on the show who say i don't think cap and trade is cost the benefit at the end of the day, and i think cap and trade is a bad policy and that's great. what i won't tolerate on the show is people who will come on and say there's no scientific consensus on global warming? >> what is the consensus. >> great, you get to stay. >> i think people say -- i will say, people mean that man is changing the planet in such a way like al gore is predicting and it is going to have gigantic sea level rises, we don't know what the climate are going to be on human living. >> that is true. we do not know. but we have a good indication. i will get back to romney. >> here is the thing that frustrates me most. if you are skeptical about religion, you are demonized, if you are skeptical about science you can become a candidate of the united states presidency. >> that's clearly a mismatch. nobody could get the nomination saying i don't believe in god, and i don't believe in god and that's my belief. i am skeptical of religion, but can you say i don't believe what the scientist say. >> there is one science all believe in, and that's political science. and when it comes to looking at data and evidence, the good ones believe it. >> we're going to come back and talk about more about how romney dealt with the flap right after this break. listen to the following menu. for convertibles, press star one. i didn't catch that. to speak to a representative, please say representative now. representative. goodbye! you don't like automated customer service, and neither do we. that's why, unlike other cards, no matter when you call chase sapphire preferred, you immediately get a person not a prompt. chase sapphire preferred. a card of a different color. 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>> this is where i am coming from, and passionate and indignant, instead of well, the guy coming after me, blah, blah, and it felt like he did not have that. >> i think he deserves immense credit for that. president obama once walked on a stage after a union leader threatened violence, and he said obama was not on the stage at the time, and here romney could have said that. >> he said take them out, and it was open intimidation. >> so romney could have done that. i did not say anything intolerant, and other people were doing it, and it's not my fault of the group anyway, necessarily. he could have done that and did a prerebuttal. maybe he did not do it like -- >> it was a weak chin. he would have been knocked out. >> don't you think you can do exactly what you are saying and what chris is saying, which is come out full force, but you have to make news. every single time, he has got to make news. >> i think he did make news, but what karen said was it was soft news, basically. karen, let the record show that karen is claiming credit for that. >> well, i am sorry. i think what is interesting about this whole debate about the republican prau process, we have race and now religion with perry and romney, and the only thing left is gender, so they have to find a way to protect michele bachmann. >> here is what is so fascinating about this, and you look at what are the dominating stories in the republican party primary at this point, and i want to talk about cain in a moment. perry entered and he got killed over the vaccine and immigration, and now we have the blowup with mormonism, and the value voters yesterday was all about jobs. the dominant story line of the republican primary is not jobs. it's not, in fact, even the economy. it's not the issue that god has reached down, if you believe in him or her, and given to the republican primary to say go forth and beat the president of the united states, and it's shocking, to the degree of pandering to the constituency which is the republican party has pushed out the single most important issue. >> i think you are overseeing it. why is the pandering when conservatives talk to cultural -- is it pandering when obama said i was going to stop torture. he didn't mean it, so maybe it was pandering. >> tu shea. >> i think what pandering is, talking where you don't think is sincere -- >> i don't think that's true. >> why is this pandering? >> it's not the priority of the american people. >> it's their priority. >> well, first of all, well, forget it. pandering, i will not go -- pandering may be the wrong word. catering to. and there are a set of somewhat narrow concerns broadly shared by millions of people, but if you poll people now, what is the election going to be decided upon, everybody agrees it would be the economy. the economy is job creation has been shockingly absent from the main discourse, the stuff of the republican primary. >> if you think about the fact that republicans have no jobs plan, and i think it's on some levels smarter to avoid talking about the economy and jobs, and they can hang that on the president. this is a way to mobilize their core voters like we have seen them do in major election cycles. it's a smart thing to ignore the economy, partly because they don't have anything to say on that as well. >> they are cannibalizing each other -- >> that's smart. >> well, i think that it's the natural sort of, you know, thrust of a republican primary. the one candidate who is to his credit talking about the economy is the hot -- this is the hottest star right now in the republican primary field. polling shows him having askenedded to second place robustly, and we have a great graphic that somebody put up that shows the different surge candidates. these are the different anti-romney candidates through the course of the republican field. so it's always romney will tlb and it was donald trump bubble that bursted and then a michele bachmann burst, and then perry, and now we're in the midst of a herman cain bubble. the one thing i will say about him is the elements of the 999 plan, if you watched the debate, he talks about it, it's a 9% income tax and 9% corporate tax, and the results of that are tax gs the poor. it's the plan to -- that's what he wants to do, and i think some people would like to see more of that. but the plan is to shift the tax burden down the income scale. that's what the plan consists of, and it's wildly cheered by the republican base. you do want to shift the tax burden downwards. >> no, i want to shift the tax burden out of existence. what goes on is the tax burden deeps getting shifted towards the income tax burden -- under george bush's tax cuts, a higher -- >> because of inequality. not because of the marginal rates, and the -- >> no, the marginal rate on the top went down from 39% to 36%, while my marginal -- >> that's not the real rate. >> my marginal rate says 15%. and a big portion went down to 10%, and so the actual effect of a lot of republican tax cuts is to steepen the income tax curve. you want it more progressive than today, but what is the right ratio. how much more do the rich pay, and i want an answer -- >> i am sorry. >> what should the ratio be between your rate and the rate earning $30,000. 10 to 1? >> i do know there is an inequitable thing that has to be changed. we can talk about this all we wand in the numerical what is the ratio or whatever, but there's a philosophical difference between somebody that says i want to pay more, and don't go just go write a check to the government because i hate when people say that, and people who don't feel that way. i just feel like it's my responsibility. i am lucky. i have a job where i get paid way too much for making people laugh -- >> i hope your bosses are not watching this. >> well, i am not a good teacher. i was not given the gift of math to do that. so when you look at how people get paid, and not everybody is a job creator. kim kardashian is not a job creator. >> on the contrary, there's a lot of people working for her. >> keith ellison will join us. we're talking about jobs and the christian test right after this. . where sleepless nights yield to restful sleep. and lunesta can help you get there, like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. abnormal behaviors may include aggressiveness, agitation, hallucinations or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions, such as tongue or throat swelling, occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness and morning drowsiness. ask your doctor if lunesta is right for you. then get lunesta for $0 at lunesta.com. there's a land of restful sleep. we can help you go there on the wings of lunesta. representative keith ellison joins me now from his home district. he is cochairman of congress's caucus, and we will talk about the jobs plan in a minute but i wanted to get your reaction as a nonchristian, and as one of the only two muslim americans serving in the united states congress, and i want to get your reaction to this quote from friday about the choice between a good moral person and a christian. here is what he said. >> mitt romney is a good moral person, but he is not a christian. mormonism is not christianity it has always been considered a cult by the mainstream of christianity. >> so what do you think when you hear somebody laying out such a strict test for congress? >> later on the constitution makes specific comments about what you said. this person needs to read the constitution over again and try to appreciate what that means. >> well, he addressed that interestingly enough. he went out into the lobby and said the constitution bars religious tests for office, but doesn't mean private citizens can't have one. >> well, i am glad he clarified that, and then he is appealing to peoples' prejudice. do you believe we have a duty to the poor? do you believe we should have an economy that works for middle class people, or do you believe something else, but when you try to make lines betweens americans because they seek the devine in a different way than you do, i think that's a bad sign. i think outside the clip that you played for me, he did express appreciation for the constitution, but it's still an appeal to prejudice and that's unfortunate. >> you just mentioned looking at the middle class and the president has the american jobs act which is on the table, and i wanted to play you this clip from his press conference in which he challenged reporters to go out and find out what the republican alternative to his plan is. take a look. >> here is a little homework assignment for folks. go ask the republicans what their jobs plan is, if they are opposeded to the american jobs act, and have it scored, have it assessed by the same economists that assessed our jobs plan. i would be interested in the answer. i think everybody here, you know, i see smirks in the audience, because you know it's not going to be real robust. >> you have a republican colleague that you see around the capitol, you have been asking them the same question? what do they say about the jobs plan when you have this conversation with them? >> well, they do claim to have one. last week they were trying to allow emitters submit producers to emit more pollutions in the air, and that's a jobs will. they are trying to cut the epa, and that's a jobs bill. their jobs plan is to ae vis rate all health protections that are there to protect the american peoples' lungs or anything else. that's what they call a jobs plan. cut jobs and any sort of health protectio protections. the president raise as good point. as a nonreporter, i do join him in saying let's get investigative journalism out here and do a tier and compare. what is the president talking about and what are they talking about? i think we're at 256 or 257 days during the republican majority where they have not entered or passed any jobs bill at all through the house. so i think that's a good thing for the president to suggest. >> congressman, and we have a question for you. >> i was wondering what your thoughts are about occupying wall street in the sense of you probably heard about john lewis attempting to speak in atlanta yesterday x i am wondering what you think what the role of the congressional caucus should play with the occupy wall street protesters, support them or what do you do to make sure you don't co-opt them at the same time? >> well, i walked around in atlanta, and i did not ask to speak because i just think that this is a citizen thing. if they invite me to speak, i will offer supportive remarks about the concerns people have raised, but i walked around, and i asked folks, you know, what they needed, and i just sort of assess the situation for myself. i am convinced that in my town of indianapolis, these folks are one, peaceful, and two, nonviolent, and outraged by predatory behavior by banks, with the fact that they have not been bailed out and the banks have, and the gaps, and now they are outraged because we have had high unemployment for so long and no federal action by the republican majority, and it's deeper than a bill and deeper than what party is in what majority, but the american dream is getting out of their grasps and people are upset about it. i encourage any public official or any public figure, you know, don't try to inject yourself into this, show up, support it, and if people want you to speak, speak, but respect the fact that this is a citizen thing. so that's kind of how i approach it. we're there to support -- at the end of the day, the folks out there in the wall street -- occupy wall street movement cannot introduce and vote on legislation in congress, but people in congress cannot raise the public awareness and get a public in a mood where they are demanding change. ultimately, we need each other but i think we should respect the various roles each other has. >> we have to go to break, but i was owondering if you could stik around. >> no problem. althy heart? 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[ female announcer ] the travelocity guarantee. from the price to the room to the trip you'll never roam alone. every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $7.8 billion to small businesses across the country so far this year. because the more we help them, the more we help make opportunity possible. welcome back. we have congressman keith ellison. and one response is from the chairman of macro advisers, and said the gop proposals would have immediate relative effect to a plan like obama's that stimulates aggregate demand, and then there was this quote. so that seems to be the consensus at least among economists, there is is no stimulus plan. i think she is publishing your book, if i am not mistaken, so i want to fully disclose that, but she had a question. >> hey, karen. >> i had a question about the whole occupy wall street piece, and i got a sense that there was not -- there was organized noise but not a lot of there there, and as somebody staying out of it, and i think it's smart for you to let them plan their own agenda and all of that, but do you have a hope that maybe some leader will emerge, and is there any kind of feeling something will happen that will allow people like you -- because if anything is going to change they will need congress and folks in office to do something? >> well, i think people do have definite concerns, and i think that's the important thing now. i think right now, you know, you want citizens to get a sense of their own power, because i think that many citizens feel, congress, you are always trying to ride in here and take over stuff, and i don't don't you listen for a little while, congress, and i think that's how people feel. this thing will gel. i think it's sustainable. but the things about the foreclosure crisis, and things about joblessness, and trade issues, and the expanding wealth and income gap, these are very salient clear concerns people expressed to me, and i heard concerns about the foreign policy issues, and what i did was walk around the crowd and listen. i think there will be a clear policy agenda that will emerge, but let me tell you this, karen, people are very proud of the fact that there is not a leader. they say we are all leaders. this is all of us demonstrating leadership. we are not looking for some moses figure to stand up and lead us and we are looking to lead ourselves and we need, you, keith, and they were talking to me, to listen to us. and i said what can i do? they said, well, continue to say things about the movement, if you think it's good say so and if you don't, say what you think is right. what i came away with was the sense that people had clear concerns and did not want a clear leader, and were going to be out there until people started to pay attention to your agenda. >> and we have another question. >> first of all, i am impressed by your take on the movement. i think as a conservative, i saw too many republicans trying to co-opt the tea party. they failed, and i thought it was embarrassing. and my question goes back to your dismissive comments about republican concerns about over regulation, and do you think that, you know, requiring employers to provide health insurance for their employees, if they grow above a certain size, that sort of thing, and these other regulations, don't you think they have a negative affect on employment, and don't you agree you are costing jobs by putting all the mandates on both employers for the sake of employing, and on businesses in general? >> let me tell you this. i think my answer is no, and here is why. when we talked about increasing fuel efficiency standards, the industry responded, and they needed engineers and designers and manufacturers, and they needed actually more people to help respond to the new requirement. i believe if the government says, look, we have got to reduce our carbon footprint, you will kick into gear a whole number of people that know how to do that or have ideas about that, and that will be a job engine. i understand what you mean, because if anything adds a cost to a business, you could assume that that will diminish that business's ability to hire. but i don't think that's actually right. i think what businesses want is customers and what -- if they are selling product, if they have a product to sell they will do well even if they have some new regulations to meet. now, let me be on the record and say i am not a big fan of regulation, i am a fan of health and safety, and so if regulations don't advance their cause i am against them, but i will say the stuff we saw last week in congress trying to take the epa down, i don't think it's going to get anybody employed and make us sicker and add to heart disease as well as everything else. >> one of the reasons i think the president offers this challenge, he does have a sense of stimulating recovery in the short term, and the republican agenda is essentially, we are committed to a certain set of ideological principles, which are long standing, and we believe in them when there's a recession and not a recession, and that's what we want now. there's a fundamental clash, a vision there, and the conservative view and what i think is the right view, the best the government can do for growth is to get out of the way. and government intervention can help, but it's stimulating and often hurts in the long run. >> just imagine a trucking company, a trucking company that does not have a government that is making good, solid investments in roads and bridges and ways to move product and people. that business needs the government to be responsive. and let's talk about a local retail, and any main street in america. if the police, which is government, are not out there making sure that that's a safe, secure neighborhood, that business will not be able to do business, and so i am saying it's absurd to say the government does not help create wealth, and jobs. the internet is a government creation, for heavens' sakes. >> we will take a break and come back again with congressman keith ellison, and we'll be right back. we are building a website by ourselves. 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[ female announcer ] starbucks via® is planted the same... ♪ ...harvested the same... ♪ ...and roasted the same as our other premium coffees. ♪ it only makes sense it would taste the same. so, try it for yourself. buy a pack of 100% natural starbucks via® ready brew. we promise you'll love it or we'll send you a bag of starbucks coffee. it's the starbucks via® taste promise. look for it at starbucks stores and where you buy groceries. we're back here with congressman keith ellisson. and we have karen hunter, and tim carney. i want you to respond, but first i wanted to play how the republicans have sort of set up their opposition to the american jobs act. i will start with a republican chorus that we heard when the president was not coming out and giving his plan to congress, in which he would say let it work through the subseries, and then this is -- here is a little montage of how republicans responded to that tactic. >> there is no plan. >> why does the president say he has a plan when he doesn't? >> they know the president has no plan. >> you can't find his plans on some of the most pressing financial issues of our country. >> our president has no plan to tackle the politicians self-induced debt and deficit problems. >> that was the refrain, the president came up with a plan, and he gave the plan to congress, and he has been going around the country selling the plan and arguing for that plan, and this is john boehner's response giving that plan and advocating for that plan. >> i can't tell you how dangerous our situation is, the economy is in, and how dangerous the situation in europe is, and the president some 14 months before the election throws in the towel and decides he will spend all of his time out campaigning. we are legislating, and he is campaigning. it's very disappointing. >> john boehner is legislating, and the president is campaigning. do you agree? >> i think that's an absurd idea. and it's our speaker right there in rhetoric. and the majority leader said the president's american jobs act was unacceptable. they are not working with the president. there are a number of ideas in the american jobs act are republican type of ideas, and small breaks in exchange for hiring people, but they are rejecting it out of hand. and it's going back to what mitch mcconnell said, the job number one for them is to get rid of the president, and therefore they literally are putting the interest above the party against the interest of the country, and i know some people don't like me saying that, but that's what is going on, so there you go. >> as somebody in congress and has been there during these previous legislative victories the president has won that has not been this method, which do you prefer. do you prefer the tack he took and the recovery act which came up through congress and the white house was a little behind the scenes, or do you prefer him going out and selling it? >> i prefer this president. this is the president i was pounding signs for back a few years ago. i mean, this is the guy i want to see much, much more of. by the way, i do disagree with john boehner about saying the president is campaigning and legislation, and he is not so much legislating, but the president is doing what he can do, because congress cannot respond to him, and he is getting support for his ideas from the american people who will put pressure on congress. he is exploiting the opportunity he has available to him because of the stonewalling he has received from the republican house majority. the president is doing what he should be doing, and i want to ae more of it, and i want to see him animated as he has been and more so and we would have the public option back in the health care debate, and elizabeth warren would perhaps be the head of the financial board set up and running, and i am glad to see her running for the senate in massachusetts, but we did not get a lot of good things, because i think the president wants to take a sit back and let congress work it out, while this is the kind of leadership i think we need. >> and keith ellisson, thank you so much for getting up with us today. our pregame show for the sunday political talk shows is coming up next. across our country... ... scientists, technicians, engineers, machinists... ... adding nearly 400 billion dollars to our economy... we're at work providing power to almost a quarter of our homes and businesses... ... and giving us cleaner rides to work and school... and tomorrow, we could do even more. cleaner, domestic, abundant and creating jobs now. we're america's natural gas. the smarter power, today. learn more at anga.us. ♪ [ gong ] strawberry banana! [ male announcer ] for a smoothie with real fruit plus veggie nutrition new v8 v-fusion smoothie. could've had a v8. set out to create a different kind of cold remedy using powerful medicine and natural ingredients from around the world. he called it vicks vaporub. today, the vicks journey continues. introducing new vicks nature fusion cold & flu syrup. powerful multi-symptom medicine flavored with natural honey instead of artificial flavors and dyes. so you can feel good about what you take to feel better. some of the big names on today's sunday political shows, and we have you guys a list of them. so what would you ask of whom on the sunday shows. >> last week herman cain was asked where he was during the civil rights movement, and i would ask haily barber and -- >> oh, he took my question. >> so what would you ask? >> i would ask paul ryan, do you have parents you have to take care of, and if you do, do you not understand that there is nobody right now who is up to 50 years old not subsidizing their parents on medicare and do you understand that. >> you mean the voucher plan to replace -- >> yeah, that's right. >> paul ryan will be on "meet the press," and so karen hunter? >> i want to ask rahm amanual, did he set the president up? was he there to help the president do great things for the country, because since he has been gone, the president has got his mojo back. >> well, that's interesting. since rahm amanual left, the ship has been rutterless. >> and i would ask nancy pelosi about the green subsidy that her brothers would get, but she wouldn't answer that, so i would ask, talking about was one being paid by the government -- >> tim carney always looking for the connection between big business. read his column. at adt, we get financing from ge capital. but they also go beyond banking. we installed a ge fleet monitoring system. it tracks every vehicle in their fleet. it cuts fuel use. koch: it enhances customer service. it's pretty amazing when people who loan you money also show you how to save it. not just money, knowledge. it's so much information, it's like i'm right there in every van in the entire fleet. good day overall. yeah, i'm good. come on in. let's go. wow, this is fantastic. ge capital. they're not just bankers. we're builders. they helped build our business. well, from new york, i am chris hayes with professor, doreen warren, and msnbc contributor, and we are talking about the country's richest 1% is earning one quarter of the nation's income, and that's way up from in the 1970s, when it was around 9%. and the chant is we are the 99%. the problem is democrat nor republican can win without the 99%. and so we will see the 1% put up a fight and have a lot of politicians to carry their water. we saw the very interesting photo, and it's hard to see what it says, but it says we're the 1%. and it was put in the window of the chicago merk tile exchange. and here is the good part. most commodities futures trading goes through the chicago myrrh ken tile exchange. and so guess who spoke at the chicago exchange earlier this year and told them he would protect them from the one law that could curtail the excessive gas -- >> we want to help you to continue the lead for america, and that means we have to do our part when you see the implementation of dodd/frank coming at you like a barrelling train. >> and that is eric cantor promising to protect them from the barrelling train of regulation. and chuck schumer, he lives in my neighborhood and would love to have him on the show, and he represents a lot of people in that 1%, and now all new york politicians that represent the 1%, and the electoral part, they are straddling the two, and there's an internal battle about whether they are going to target tax raises to the top 5%, or really go to the top less than 1%, which is millionaires, and ultimately the millionaire side of that won, and here is chuck schumer articulating his reasoning on this. yeah, so there are people making $250,000 to $300,000, and many in the state are not rich, and there are small businesses struggling so we prefer the million. and i think what this gets to is the interesting class politics that we are seeing forming here, because at the one level you have the 99% chant, and the democrats are going after the 1%. >> this is one problem that i have with the 99%, it does include -- >> you want to ratchet down. >> i think we're the 80% or something like that. i think it's the fundamental dilemma of the party, and it's also the party of wall street on the other. and reconciling that decision within the party will result in the policies that we see. it will be interesting to see how the tension is resolved. >> i think the tension is -- what is interesting about this, this fight that happened over are you going to raise taxes on people over $250,000, and there was a resolution of the 99 percenters were victorious. they do have a strong, clear agenda. the millionaire's tax raise is a bedrock thing, and democrats are rallying around it, and the republicans are opposed to it. >> you know obama won the people won people earning over quarter of a million. you know that in 2000, the exit polls said that anybody who was identified as upper class voted 59% for al gore. you have got a mixture in the richest, but they do tend to lean democrat. the importance about drawing the line above a million, if i am making a million dollars and my taxes go up, that doesn't affect my lifestyle. if i am making a $250,000, and taxes go up, it does make a difference in my life. >> now, conservatives make the argument republicans are the party of the rich and democrats are of the middle class. >> i am talking about exit polls. >> i think it gives real sophistication in the argument, because it's not either or or who is the voters of the rich -- >> you will correct your liberal guests -- >> i think the party of the rich in this sense, i think they are unconflicted in defending the top 1% income. there is no constituency within the republican party the way there is in the republican party at which they are at war with themselves over which they will do things by taxing the wealthy. the republican party has no constituency. they only have a constituency to fight those sorts of things. i think it's true, and the republican party would proudly say it. herman cain is now number two in the republican primary advocating tax increases on poor people. you cannot say republicans want to fight all tax increases, because herman cain -- sorry i am getting excited. but he was going around with the plan that would shift the tax burden to poor people. and you can cannot say he is getting -- i am talking too much. >> i think that i am speechless. i am marveling at your one-man show. it's amazing. i am going to the east village and see chris hayes perform we are the 1%. >> and i think there's a potenti potential synergy right now. do you think it's the thing you can get mainstream political action with? >> absolutely. the fundamental problem are congress are the 1%. john kerry, nancy pelosi are among the wealthiest people in america and not in congress. they are fighting against their own personal interests. so it's tough as an american who is among the 80%, as all of us except for liz are. >> no, no -- >> multibillionaire? >> but, it's tough to sit in and kind of have this discussion without pointing it out. >> like, real talk, right? i am not in the top percent, but i make good money, and the world of the political media elite, they are all -- all of us, and i will say us, we are existing in a place that is not the place that -- >> i want to point out, because the occupy wall street did get launched in new york, and the top 1% in new york take 45% of the income in the city, so the inequality is stark, but the first age lasted through the '30s, through the great depression, and we are the 99% is a populist movement. >> do you -- you are somebody that studied social movements. you are writing two books, and when you look at the occupy wall street movement and a historical context, what do you see? >> i see it much the same or in a similar way of the protest of the 1930s, and it took, by the way, four years from the start of the great depression for up risings to occur. in 1933 we see people out in the streets creating social disorder and disruption, and whps they began to take notice, and they were concerned about all the unemployed folks, and even the capitalists say we need social order. >> that's fascinating. the way we think about the great depression it was an immediate set of cascading dominos, and then all of a sudden there's the people on the streets and there's social unrest and you get the response, but we forget there was a period of muddling along, and then the war you have in terms of that historical resonance, we are in that period, muddling along. >> no, not really, because in the '20s, and '30s, there was something put in place. and the unrest we are -- >> people are starving. >> you can eat in america. >> well, not in the way they were in the 1930s. >> yeah, right. >> i need to make a quick historical point. what happened to the progressive period and in the new deal, in both cases there was a progressive populist rhetoric, and in both of the cases big business not onboard, and it's not because they were afraid of civil unrest but because they saw how they could use the tools of irregularlation to route out the powers. and there's a book about how teddy roosevelt's progressive period was away for the robber barrons to fight -- >> this relates to the earlier discussion of regulation and the logic of your argument. big business opposed banning child labor. many times in the period, and it passed congress, and ruled unconstitutional by a court, and there was an attempt -- >> well, it was the meat packers -- >> by the way -- >> they opposed the child labor, and that's the logic of the no regulation. your argument would lead us to a point where we could say let's put the kids back in the sweat shops again, because it's more expensive -- >> well, that will be next week. up next, attorney general is coming up. for their clients' futures. never taking a bailout. helping generations achieve dreams. buy homes. put their kids through college. retire how they want to. ameriprise. the strength of america's largest financial planning company. the heart of 10,000 advisors working with you, one-to-one. together, for your future. ♪ and here's what we did today: supported nearly 3 million steady jobs across our country... ... scientists, technicians, engineers, machinists... ... adding nearly 400 billion dollars to our economy... we're at work providing power to almost a quarter of our homes and businesses... ... and giving us cleaner rides to work and school... and tomorrow, we could do even more. cleaner, domestic, abundant and creating jobs now. we're america's natural gas. the smarter power, 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[ male announcer ] stop the madness of treating frequent heartburn. it's simple with prilosec otc. one pill a day. twenty-four hours. zero heartburn. no heartburn in the first place. great. now to the biggest wall street scandal nobody is talking about. a year ago several of the nation's biggest banks were caught in a little thing called robo signing. turns out the system, the foreclosure and banking system was overwhelmed by the shear number of foreclosures and banks were in a hurry to process them as fast as possible. they were cutting corners, and they were kicking people out of their homes without following the correct procedures, and signing as many as 500 foreclosure papers a day, and they were expeling people. and there was an investigation opened. the banks entered into settlement negotiations with the 50s attorneys general, with the iowa attorney general negotiating the deal. but new york attorney general and california attorney generally fused to sign on. it says it gives the banks too much immunity. joining us is delaware attorney general, mr. biden. thank you so much for joining us. we appreciate it. >> great to be with you, chris. >> and i know you don't want to get into the settlement talks because they are presumably being kept behind closed doors, but can you tell me more broadly about what the practices were that prompted you to open up an investigation to see what was going on in foreclosures in your state. >> you know it's bad when you get all of the attorneys general to agree, and you know something is up. you described what is happening well, but beyond that what is happen something a dual track. many things are far too benign. the banks are telling people, if you can get through to your lender, i can afford $900, not $1,000 a month, and if you do that, we will modify it, and the 91st day comes around, and then they say you did not do it. >> people are having conversations and there's an agreed upon terms about modifying the payments for a short term, and then those agreed upon terms are being used as evidence of being in default on the mortgage itself and leading into foreclosure. >> yes, breaching and then using it as evidence for foreclosure. that's the investigation that tom miller and lisa and all the attorneys generals are focusing on, and that's what we have see folks dealing with is servicing abuses. the banks have come in and said, my position is this, we can discuss those issues, and investigate those issues, but there's a bunch of other issues we have not began to investigation, false claims issues, and those are issues that we're investigating and we're not willing to bargain away in the context of this investigation, and that's what we have been saying from the outset. >> the point is that you do not want to see -- you will not sign on to an agreement that you feel gives some kind of protection from investigation in other areas that are clustered around the foreclosure and servicing abuses. >> that's right. we will not provide or give immunity to anybody whether it's somebody coming in to the kr criminal cases, or these cases. as it relates to servicing -- robo sign something too benign of a term. and one calls it one of the greatest crimes. tens of thousands of false affidavits. those are frauds on the court, not just the citizens and borrowers. >> let me exchange to people watching what robo signing constituted, and correct me if i am wrong, and you have to show that you have a note in order to close, and that's the document that says i own the home on the loan, and because that got so screwed up, servicers and banks were left with not foreclosing on the home but did not have the note, and they had to process so many they had to use robotic mechanical devices to sign the affidavits, right? >> yes, and it's taken me a year to get to this and understand the language of this, and so you hit it, the nail right on the head, that's what is happening. the banks lost track of who owns what. they created an organization called the electronic mortgage system in the '90s. i am investigating that entity in and of itself. that goes to the heart -- they did it so they could sell and sell and sell the mortgage-backed securities and lost track of who owns what, and that's part of the problem here. >> that's an amazing remarkable sentence. the banks lost track of who owns what. we are almost at the core. we drove down to the core of the common law concept of property, of title, right? this is the foundation of much of the country's legal tradition and also free market system is that people who have ownership of a piece of property are legally able to demonstrate that and pass that title along. >> that's exactly right. from my position, and i get in trouble for saying this, and i will probably get in more trouble for saying this, and they have millions of record fees, and number two, to make the ability to sell mortgage-backed securities more nimble. take that fast-forward 15 years and they lost track of who owns what, and then there is the investor that owns the note and then no connection, and then when they service the notes, it's simply more expensive for them to service the note, and that's the heart of the matter from my perspective. you see the servicing banks for closing at rapid rates, because they are getting paid a fee for service, and it's costs them more money to try and facilitate that than it does for them to begin the foreclosure process. that's what we're trying to get to the bauottom of. >> what you are saying, the incentive system, the system set up in terms of how you can make the most money is a system in which it's more profitable to kick people out of their homes and foreclose on them than to figure out a way to modify the loan and -- >> that's the essence of it. it's cheaper to foreclose than to service the note if they made a bad deal. >> you have also been working on some insurance issues and delaware is a state in which all of us have written a credit card payment to the state of delaware at some point, and it's home to many of the same financial institutions we're discussing, and they are legally incorporated there and much of the insurance industry, and you have been doing investigations of insurances in your state. >> most states have a blue cross, blue shield and that's the greatest insurance provider in our state and they are a great organization, but they are now, quote, unquote, from my perspective, they are too small to survive, so they want to merge with the big, big nonfor profit out of pennsylvania, a multimillion dollar corporation. when they do that, that's $180 million in taxpayer money that sits there as a reserve, and it accumulated because they avoided delaware corporate taxes for 75 years. and i am in a bit of a fight, and that's with where the dollars go and who controls them. and i want the dollars to stay in delaware, for those uninsured and under insured and the policy holders as well. >> one of the recurring themes on the show in the national politics is a sense in which there has not been a efficient accountability for those that occupy the insurance financial sector. i want to play aquote about the emotional core of the occupy wall street movement, which i am sure you are familiar with, and there's activity in delaware, and i will play you a quote with a gentleman's take on wall street. >> let's be honest with one another. one is the core of that protest, and why is it increasing in the terms of the people it's attracting? the core is the bargain has been breached with the american people. the core is the american people do not think the system is fair, or on the level. that is the core of what you're seeing on wall street. and that's what is started -- by the way, there's a lot in common with the tea party, and why? t.a.r.p. they thought it was unfair we're bailing out the big guys. >> that's the vice president of the united states, and also your father. what do you think of that comment as an interpretation of what exactly the emotional core of what we're seeing right now is? >> he's a great vice president and a better dad. he's got it right. there's a complete lack of accountability. me and my colleagues, what we are focused on, the context of the bank investigations that we are doing, we can't rely on grichen morgan sun, and all of whom have written great books and you covered on your show, to do the investigation on the economy and what happened to the country. so attorneys general and around the country, and as i said snyderman in new york and others, i will not be in public life without investigating aggressively all the things that go to the core of what happened to the economy and the citizens of the country and to the middle class. you know, my job is to get to the facts and do investigations and let the facts take me where they will, and that's what we will do. that's all about making sure there is accountability. and there has -- the people that are on wall street, they are protesting, the tea party folks for that matter, they have not seen anyone held accountable in this debacle over the last 3 1/2 years when our economy just took such massive hits because of what people did to it, because of what people did to it. >> bo biden, the attorney general of delaware, and the son of vice president biden. >> great show. congratulations. >> thank you so much. appreciate it. we will be right back after this break. well somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. set out to create a different kind of cold remedy using powerful medicine and natural ingredients from around the world. he called it vicks vaporub. today, the vicks journey continues. introducing new vicks nature fusion cold & flu syrup. powerful multi-symptom medicine flavored with natural honey instead of artificial flavors and dyes. so you can feel good about what you take to feel better. joined back with the columbia professor of political science, and cocreator of "the daily show," and the political analysts on the panel who is a veteran, and then so i want to go back to occupy wall street. here is what i want to talk about. the ways in which it started, and i think people did not know what to make of it and people dismissed it and now it has gotten big, and we played a clip yesterday and we will play it in which i had a protester saying it's not about the left or right, it's up and down. they are very insistent about that. if you ask ten people, ten people will tell you that. but it's still going to be polarizing. they think it is something that can rally the 99%, and the fact of american politics, these things are polarizing. this is one of the reactions on wall street among the 1%, which is something a friend of mine that works on wall street forwarded me. this is making the rounds. it says occupy wall street. we have no idea what it means, but it did finally get our 26-year-old off the couch, and not to mention the break from the video noise and the smell of marijuana from the house. and that's a take on it. but then what you are also seeing, and this is a important development, and the republican party in general, being very critical to occupy wall street. and we had mitt romney saying class warfare, and then herman cain talking about what he thinks of occupy wall street. >> i don't have facts to back this up, but i happened to believe that these demonstrations are planned and orchestrated to distract from the failed policy of the obama administration. don't blame wall street and don't blame the banks, and if you are not rich, it's your own fault. >> a little tip. generally you want to avoid i don't have facts to back this up, and that's something -- >> i don't have any facts to back this up, but okay, where are we going with this? >> and what you are seeing is republicans see this as the left wing -- right, left wing extremism and they don't like it. do you think that's where the reaction will go on the right, tim? >> i went down to the d.c. one when i was down there, and i will go down from here down to the wall street one and check it out. >> be nice to tim carney when he comes down there. >> and lots of things were free market types can agree with the people, and government spending is not a focus of these people, but they are talking about war spending. the libertarian types, the real conservatives objecting to. i heard somebody say, and right in front of the white house, one of the protesters, that's our moneys that went to the banks, and that's sounding like -- well, the fact of the matter is too many republicans, when they go over to the big government side, it's a long with big business, and it's for the bank bailouts, and for the military industrial complex. i think the conservative base, though, has an agreement on the symptoms and disagreements on solutions. >> you have this very intensed polarized identity politics -- i am subject to it, too, and i should not protend i am outside of this, and so i think conservatives are seeing the folks from occupy wall street, and they say those are not my kind of people, and there's a response of we are the 99% tum blur, and there's a response called we are the 53%. and it's people holding up their own tales of whoa, saying, i hate my job and the 53% are the ones that are paying their taxes. it's the mirror image of the we are the 99%, because you have people telling of their tales of being screwed, but ending it with god bless america and stop complaining. we will talk about that, and the 53% and 99% after this break. it's a cascade complete pac. the best of cascade powder and gel combined in one vessel. fire! ♪ [ mom ] wow! [ female announcer ] cascade complete pacs. love it or your money back. most powerful trading app ? total access - to everything. from idea to research to trade. including financials, indicators and real-time streaming quotes. whether you check your investments every day or every minute, our app can take them from thought to trade. at scottrade, seven-dollar trades are just the start. try our powerful mobile app. it's another reason more investors are saying... i'm with scottrade. try smart balance buttery spread. it's heart-healthier than butter. with omega-3s. 64% less saturated fat. and clinically proven to help support healthy cholesterol. ♪ put a little love in your heart ♪ back here with karen hunter. we were talking about walk pie wall street and the response to occupy wall street, and you had something you want to say. >> yeah, i think a lot of people are questioning what the agenda is. those of us who have parents in the civil rights movement, you knew there was a clear agenda and a boycott that crippled a system in montana montgomery, and sit-ins throughout the country, and there was a clear pointed way of getting things done, and not sure, and i hope this will evolve into something, but it seems like a bunch much people who are angry, and out of anger comes shame. i don't know -- >> that's fascinating. do you believe out of anger comes shame? >> yeah, real anger. >> not anger that we fake -- >> well, i am not angry over my condition and not doing anything about it. things are bad for a lot of people, and you can get up and do something every day that will make a difference or go out and complain about it. and you can create a media frenzy. >> i just want to say, can we take a step back. this has been one month these people have gathered, not even a month, right? just like everything else, why hasn't obama fixed this thing going on for eight years. the society we live in, culturally i get frustrated because we lost our capacity to understand process, and it frustrates me. >> appears good point. >> i think there's a substance point and the process point. to me the agenda is clear. they link wall street and washington, period, and there are lots of demands that come out of that. plenty of groups in d.c. have demands but cannot get it on an agenda. i like to think of it as an anti-authoritarian process. there's a process of how they will behave, and we're in uncharted territory, and there's a horizontalness, and the process is very democratic, and let the process play itself out. >> that's why i think they are going to get upset when the democrats are using this as an excuse to pass a jobs bill, and it was sinclair got everybody worked up -- >> and of course, that's the famous author of "the jungle." >> guess who was supporting the mandate of the meat. and every once in a while when you want to do something, you have to go along with the dau spichable characters. that's what the democrats are going to do with occupy wall street. >> well, to compare this as many people are doing with what is going on in syria, and in the middle east, to me it's just a, you know, a little overreaching. a lot of those kids out there, they don't even know what is going on and they are just there -- >> i said to my class of journalism students down there, and a lot of kids are there because they want to get involved in something, and it's a good thing they are actively doing something. >> there's always people like that in every moment, sure. if you want to hand pick whatever, but the most fascinating conversations has been part of what is so interesting is they are learning how to be part of the movement, because they did not have technology, and cops were not as set up, so they are learning as they go, and the one thing they know for sure is that they are not going to be -- >> so why not let john lewis speak. >> because he's a politician. >> but he is a civil rights activist -- >> you are not listening to me -- >> all right. >> the tools they have now are so very different than the way people had then, and we have moved beyond that, and they can listen but the teaching of it is different than before. >> and john lewis, there is a clip we'll put on the website, there's a clip figuring out whether he can address the crowd or not. let me wrap up by saying the terms of the connection between egypt, there were people that went down to occupy wall street yesterday and so they think there's a connection, and there's -- well, there's a connection. we will take a break. 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[ male announcer ] introducing mr. clean with gain original fresh scent. victory over dirt's never been easier or smelled so great. because we are committed to getting it right, we will do corrections, in a segment we called update. we had a quotation after somebody on the facebook page called it into question and we were unable to verify it. it's a real quotation after all. we here by retract the retraction, and there's a link to the actual letter in which jefferson does say, i hope we will crush in its birth the ato bid the defiance of the laws to the country, and that's assuming we read the handwriting correctly. i will run through what we know now and did not week ago. i am still pondering the correction of the correction. and we have a picture of the 2012, and actually, two of those guys won the poll. we will explain that. the issue of mitt romney's fate making headlines. how it might affect the gop race. it's not the iphone 5 some had expected, but the iphone is making news today, and will it extend apple's winning streak. and because it's going to be 80 degrees and sunny in new york city, we will bring you snow from colorado. back to you. what do we know that we did not know last week? democratic senators support attacks on millionaires, and the top 1% are a powerful bunch indeed, with a lot of money on the line and we know not to bet against them, and we know that the occupy wall street movement is growing and spreading and becoming something new and unprecedented before our eyes. we know the stronger the movement gets the more taxation it will get from the politicians, and thanks to several polls, we know that one herman cain, former ceo of godfather's pizza is now sitting at the top of the gop presidential field, and in 2007 at this time, rudy giuliani and hillary clinton were winning, so we take it with a grain of salt. sarah palin nor chris christi are not running for presidency. and when the president loans to subsidies for goal, that's support for job creators. and we know the obama administration is now targeting marijuana retailers in california and we know those places are small businesses that employ people, and that the university with annual tuition of 41,000 is the school of hard knocks, and so said scott brown said, bottom line is, i didn't go to harvard, you know, i went to the school of hard knocks and did what i had to do to pay for school. and we already know how much conservatives like to class bait, and elizabeth warren is not somebody you want to pick that fight with. in new york city, the top took home 44% of the income, and that's not a stable equilibrium. and we lost both civil rights pioneers, and while we do not have devices in their pockets that bear their imprint, they have a johnson sirleaf from africa. her fellow liberian. lema bowie and toe back a carman. she has been camped out calling for democracy and nonviolence. she's there as i'm speaking to you and we know she will not be moved. i want to know what my guests know now what they didn't know last week. so stick around. i didn't catch that. to speak to a representative, please say representative now. representative. goodbye! you don't like automated customer service, and neither do we. that's why, unlike other cards, no matter when you call chase sapphire preferred, you immediately get a person not a prompt. chase sapphire preferred. a card of a different color. (phone ringing) chase sapphire preferred, this is julie in springfield. she's supporting breast cancer programs for her neighbour's tennis instructor's daughter's 1st grade teacher who's also her mom. help fund breast cancer programs in your community. redeem your lids today with new extra-strength bayer advanced aspirin. it has microparticles, enters the bloodstream faster and rushes relief to the site of pain. it's clinically proven to relieve pain twice as fast. new bayer advanced aspirin. want to find out what my guests know that they didn't know before. warren, ha do you know? >> with the loss of the two giants, reverend fred shuttles worth and professor bell, we have lost a legacy, but we have a legacy around racial inequality and strategic organizing to advance racial justice. we also know that herman cain and others would have been on the other side of those two men's lives and their legacy. >> there's some 15 dates add add. >> so many dates going on. i'm in orlando on wednesday google me. >> what we now know is keith ellison is listening and so it's not really what i know. it's what i hope. i hope keith allison will bring down officials to make change ledge lay tifl. karen hunter, ms. nbc political analyst, what do you know? >> i kind of knew it. it's confirmed. herman cain is not a fluke. he's here to stay. this is not a bubble bursting things. >> you don't think so? >> in reading his book, i think a lot of americans will relate to his story. he'll be the crack pot you're used to and that you're comfortable with. >> the crack pot that we're used to. that might be a good slogan for the herman cain campaign. tim carney who is here doing double duty. he was here yesterday and here today again. has a book called obama no, ma'am ix. we know that green energy is as much in bed with washington and the revolving door as wall street, as fossil fuels, as every other big industry. it's a military industrial complex. this last week we got jordan collins working in renewable energy carbs out to a lobbying firm where he's helping build up their renewable energy clients. we found out about steve spinner a former fundraiser for obama pushing for the loan while his wife worked for a firm that had solyndra as a client. >> we also know the planet will memt unless we do a lot to make it mora fordable. maybe we'll tolerate a little revolving door in that regard. i want to take that as scientific. >> i want to thank doreen warner, liz win stead, on planned pasht parenthood tour. >> thank you so much. thank you for joining us. we'll be back next saturday at 7:00 and sunday at 8:00. we'll be covering the opening of the martin luther king -- she'll be here saturday as well. set your dvr's people. you can find us with up with chris. up next is alex witt. we'll see you next week here on "up." every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $7.8 billion to small businesses across the country so far this year. because the more we help them, the more we help make opportunity possible. and here's what we did today: supported nearly 3 million steady jobs across our country... ... scientists, technicians, engineers, machinists... ... adding nearly 400 billion dollars to our economy... we're at work providing power to almost a quarter of our homes and businesses... ... and giving us cleaner rides to work and school... and tomorrow, we could do even more. cleaner, domestic, abundant and creating jobs now. we're america's natural gas. the smarter power, today. learn more at anga.us. ♪ [ multiple sounds making melodic tune ] ♪ [ male announcer ] at northrop grumman, every innovation, every solution, comes together for a single purpose -- to make the world a safer place. that's the value of performance. northrop grumman. [ male announcer ] take the fixodent 12 hour hold challenge. fixodent denture adhesive challenges you to a 12 hour hold test. ♪ thanks to its time-released formula, you apply fixodent once, and it holds all day. ♪ take the fixodent 12 hour hold challenge. guaranteed, or your money back. ♪ and for guaranteed freshness, try fixodent cleanser plus scope ingredients. good morning everyone. i'm alex witt. here's what's happening. a muddled picture for 2012. you might not guess which of these three candidates won the latest gop straw poll. actually two of them won of the we'll explain that. not the winner, this man. the gop front-runner by most

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