but let me talk about bill s points. you mentioned yourself, al, let s go back to bush rates. you are talking about raising taxes. we don t believe when the economy, when guys are out of work, 16% of our labor force is underemployed or unemployed, do you hammer the private economy. one more point. you mentioned yachts. i don t have a yacht. mentioned yachts. you mentioned airplanes. i went to bay water boats in georgia. they used to make a hundred boats a year. they were making one a month. all these working class guys. al, al, al. remember there used to be the old new yorker cartoon. a guy walks into this show room, right? the salesman says to him, if you have to ask what the price is, you can t afford it. it s the same thing. look, i m goning it sit here and weep for the yacht owners and corporate jet owners. if they can t afford to pay the taxes, they can t afford the damn jet. but they do not deserve a
asking for closing a loophole that won t have much of a detrimental effect on their lives, and it is reasonable, isn t it, pat? well, let me ask you this is it reasonable, pat? sdwlel w it well, it sounds reasonable, but it is demagoguery. and if you are building the planes in the gulfstream, and the cessna and you hammer them and say don t buy them and they don t buy them, and what happens? if you get out in the country, mart martin, you will see that the people building the planes and the lukxury boats are normal working class guys building them for a living and people in washington, d.c. talking like that don t understand it, because they spent too much time at the university of chicago and not enough out on the assembly line. how dare you abuse the university that my executive producer went to. indeed. thank you, pat buchanan. and another note, on his
georgia. they build eight boats a month, about a hundred a year, great big yachts for people. all working class guys. they were putting one boat a month and they simply move the building of the boats to mexico. the tax was terribly foolish. it sounded very good. secondly, ej, look. you and i have studied economics, amateurs if you will. what it tells you when you have 9% unemployment and 17% underemployment, to start raising taxes. all right, let me jump in. pli answer is that the opposite question to you. what economic theory says spending cuts will create jobs when you ve got 9% unemployment. i ll give you the answer, none. no economic theory says that. let me give you an answer pat. go ahead, ej. that s where obama can do jujitsu like he did today. why won t republicans vote to extend the payroll tax another
certain attitude. they all commute close by, to pennsylvania. they re all working guys, working-class guys, democratic guys, and they have a certain attitude about old politics. jack murtha was there for years. if you want to get a sense of the old ways, you go to the pennsylvania corner. i m curious. we still see on the senate side, genuine friendships between democrats and republicans. fewer than in the past. fewer than in the past, but you see some of these retiring senators really got very eloquent send-offs by their friends in the other party. you see almost none of that at this point. there are interesting friendships you don t often here about. there aren t those kind of relationships because apparently there s been such a turnover. a historic turnover ott the senate side. chuck todd at the white house. purity. purity is the word. they stick to their side. reporter: just i wanted to jump in here. there were at least 18 democrats
unfortunately all too similar behavior in a new book the devils kasino for the first time ever reveals how four working class guys from long island, more from wall street s good guys to some its most corrupt players whose actions nearly collapsed the entire u.s. economy. joining us now the author of that book vicky ward also a contributing editor for vanity fair. congratulations on the bill. thank you, dylan. and i will quote from the book ceo dick fuld neither a leader but a dazzling intelligent but many years widely considered as someone who had very little to do with his employees or business operations. does that further indict him for his business practices or does it exonerate him in your view? well, i think, well, legally it has to indict mimt ceo s not supposed to be disengaged from his business. he s supposed to be running it. having said that, i think that what the book the book is about four people, primarily as