[applause] [inaudible conversations] the government was shut down for 16 days in october as republicans unsuccessfully tried to debunk the president S Health Care law. Tonight on our companion network cspan a look back at the congressional debate and president obamas actions during the shutdown. Thats tonight on cspan at 8 p. M. Eastern. I think radio is the longest and the best form of media that is left but we are doing right now is long conversation unprecedented. Unprecedented. Only cspan does long form conversation. Its tremendously revealing when an authors other book read these days because they dont get many people have read the books and know what theyre talking about with page notes. Its so rewarding for them to i get a great deal of satisfacti satisfaction, the highest conflict, thats the best interview ive had on this book to. Loved the interview on things that matter, his new collection of essays. Some of which are old. That makes my day. I like radio. Three hours is an ab
Incompetent to participate in the discussion. Guest yes, its true. Host how strong is the banking lobby lobby the states . Guest very strong. After the crisis of 2009 it was senator durbin who said frankly wall street owns the place. The politics is a little different. There is a good political problem and that is what i learn more and more as they became involved. Its not about making that argument. Its not necessary or sufficient to be successful in policy debates. Why . Well because there are narratives that people prefer to have and there seems to be some entrenched misunderstandings shockingly held by all kinds of people who you would think should know better. Its hard to sort out sometimes why people say what they say. Some people say to me they just dont understand these subtle things but i think thats really weird. Sometimes we are talking about part of the mystique. Somehow when you go into banking you suspend all judgment. Its all different so here in the rest of the economy
Arguments so it refers to a whole collection of host a major reason for the success of Bank Lobbying is the permissive myth that banks are special and different from all other industries of economy. Anyone who questions the claims are at risk of being declared incompetent to participate in the discussion. Guest yes, its true. Host how strong is the banking lobby lobby the states . Guest very strong. After the crisis of 2009 it was senator durbin who said frankly wall street owns the place. The politics is a little different. There is a good political problem and that is what i learn more and more as they became involved. Its not about making that argument. Its not necessary or sufficient to be successful in policy debates. Why . Well because there are narratives that people prefer to have and there seems to be some entrenched misunderstandings shockingly held by all kinds of people who you would think should know better. Its hard to sort out sometimes why people say what they say. Some
Argument. Its not necessary or sufficient to be successful in policy debates. Why . Well because there are narratives that people prefer to have and there seems to be some entrenched misunderstandings shockingly held by all kinds of people who you would think should know better. Its hard to sort out sometimes why people say what they say. Some people say to me they just dont understand these subtle things but i think thats really weird. Sometimes we are talking about part of the mystique. Somehow when you go into banking you suspend all judgment. Its all different so here in the rest of the economy have a lot of companies and a lot of corporations. They fund what they do. The bank somehow are different. They are allowed to say things that you would wouldnt make any sense and other corporations. Somehow its inferred that thats okay. Host one of the arguments you make in your book is about equity and capital and first of all you define those for people. What are the arguments you make .
Closed, shuttered, gone. 6 million jobs at least, gone. And now theyre starting to come back. You see whats happening with chrysler. With fox con. With so many other companies wanting to come back into the United States. Right now, the dow reacting. You can look there. The dow down just over 400. S p, nasdaq, both down. They have been down all morning. Again, just a few moments ago, the president announcing his latest round of tariffs. This time against china. 50 billion in tariffs. Tomorrow, his steel tariffs are set to go into effect. Today, the conservative Editorial Board of the wall street journal excorating the president. Saying, quote, he will pay a price for his policy and he should. Nbcs Kristen Welker at the white house. Ron insana standing by as well. Let me start with kristen. What do we hear from the president . Well, this is a significant announcement, craig. The fact that President Trump announced just moments ago, 50 billion. He said its actually going to be closer to 6