and i m going to keep doing it. reporter: cnn, atlanta. and my colleague, paula newtown joins me live now from ottawa. this is one of those stories where most people simply can t believe the details that they re hearing. but essentially when the mayor did that big mea culpa, was it really one? what was he apologizing more? the point is he was not apologizing for any kind of criminal behavior. he basically said he had to change his behavior and change his drinking pattern. that he was going to do it and do it in moderation. that belies the seriousness of the police investigation which he is still a part of. right now the police say they have no reason to lay charges against him. as for that video, they re saying, look, it can t be released because it s part of a criminal investigation. and then the mayor actually saying, look, i want the police
liz when i was reading the script you were getting angry. which script? when i was reading about the republican thing. i thought i saw you getting angry. i was thinking to myself, why the big mea culpa confessional right now? we know the story about the republicans. why have a press conference about it? i get it. i think you are right. yes, the gop needs to do better in the out reach to minorities, but what really matters is is the middle class taxpayer, i didn t hear that in there. that s who will get hit with this government spending. right now they are trying to get the hispanic vote and they will do whatever they can to get it. jim, the goal is to attract minority voters. is that the right goal? they have to attract a lot of voters. this is basically saying we will smile at the people we have been sticking our middle finger up at for a longtime. i don t have a problem with it. socially they just irritate me. less government, less government unless it is in
which regulations can become means by which incumbent firms rig the rules in their favor and create barriers for entrepreneurs and people that want to get in the field. both of you had responses. you wanted to say something. i think they are absolutely right. you can have good regulation and bad regulation. when you have regulators, part of the point is that the existing lobbies are going to capture regulators and do what you are talking about. the core question is, do you believe in self-regulation by market participants, which was the prevailing view ahead of 2008. that was allen greenspan s big mea culpa was about the banking sector. we thought they were really smart and held their own self-interest in high regard so they wouldn t screw up.
which regulations can become means by which incumbent firms rig the rules in their favor and create barriers for entrepreneurs and people that want to get in the field. both of you had responses. you wanted to say something. i think they are absolutely right. you can have good regulation and bad regulation. when you have regulators, part of the point is that the existing lobbies are going to capture regulators and do what you are talking about. the core question is, do you believe in self-regulation by market participants, which was the prevailing view ahead of 2008. that was allen greenspan s big mea culpa was about the banking sector. we thought they were really smart and held their own self-interest in high regard so they wouldn t screw up. he said, we realize that doesn t