guaranteed funds. this will a, mean if they make monwhich they often do, it s their money, if they lose the money, taxpayers bail them out. this was a dangerous trading that brought the economy down a few years ago and we had to bail them out if we were not going to keep the economy. we tried in the bill to say you can t do that. we want to restrict this trading and one of the ways was saying you risk your own mone not tax bayer guaranteed and deposits guaranteed by the insurance corporation. this said you can risk fdic money. it will increase the odds of their collapsing the economy again. the taxpayers will be on the hook. as someone said, i forget who, if there is a bailout a few years down the road, people look back and see who voted for this and they voted for the taxpayer
vision for an end to war. there he is expected to describe plans for what he calls a new capture in the story of american leadership. nbc tracie potts is live in washington with more. tracey, what can we expect to hear from the president? reporter: well, frances we re told he ll have a middle of the road course, unafraid to team up with the rest of the world against russia, but also careful for a military not to be overly aggressive. this morning s west point speech comes after president obama announced 9,800 troops will stay in afghanistan after the war ends in december. that war will gradually drop to about 1,000 over the next two years. their job, training training forces. this will a allow us to redirect some of the resources
helping grow our economy and get jobs again. that s the number one issue that we know from voters and simplifying the tax code and broadening it and making it simpler and reducing the rate i think would be a great job creator and i hope that president obama might even consider adopting parts of this plan that they re talking about. i think he should do did. arthel: david, the question you raised earlier and that is, how do you propose a flat tax structure that will a, produce enough money to fund the government? and also to not cripple the folks in the lower income brackets at the same time? how do you devise a simple flat tax package? look, there is both current needs and future needs. there is a need for tax reform. but going to your question, we need to address the problem now and that is to put additional funds in the pockets of the middle class. that is a very simple thing. another thing that the republicans need to address,
secondly, yes, toyota s problems have certainly hadan impact for the detroit automakers and to an extent, they have benefitted, but at the same time, let s not undersell the fact that this was a company that really was left to die. they have come back by improving the product line considerably. as much as toyota s problems have certainly helped things, they ve certainly helped themselves as well by improving the product. phil lebeau covers the car industry. coming up, we all know what chuck says, if it s tuesday, someone is voting somewhere. in today s ballot buster, a craigslist photo of a shirtless congressman, a fight over medicare, will a once sleepy new york race be a wake-up call. plus a town torn to pieces. we re going to go live to joplin, missouri where search and rescue teams are digging through the rubble. today s trivia question from the alma knack. which nations have the