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Detailed text transcripts for TV channel - MSNBC - 20110915:20:24:00

Defund it or not fund it. so i actually question, again, this is the thing i always keep coming back to, on both sides, the ability to really make the kind of systemic change that you re talking about, because i think the political will just really isn t there. and i guess, karen, where i take issue with you in this is you i feel like you like to give obama and the democrats credit for trying, which i understand. i like to indict them for being the ones who have their hand on the switch. there s no these guys didn t create this at all! this was under bill clinton and george bush. it goes further back. i like to indict them because there s only one person in the room that can engage this problem and it s whoever happens to be the president that week. but you know what, dylan, this is where you and i kind of go back and forth on this. having worked in the white house, my particular perspective is also based on the reality of the politics of the situation. and there are a lot of t ....

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Detailed text transcripts for TV channel - MSNBC - 20110915:20:25:00

Fundamentally weak right now with this congress. hey, dylan, you want barack obama to fix this problem? any president, i don t care. okay, simple. you make it so that lobbyists and corporations can t give politicians money and i bet you ten bucks, democrats, no republicans would ever bail out wall street ever again. that s absolutely right. and one last thought i have to throw in here. there was a generational moment when obama was first sworn in, january, february, march 09 when everything was going to hell, that was the opportunity to restore the appropriate regulatory balance that had been removed for years. instead of doing that, we got a lot of the same architects of the crisis, larry summers and timothy geithner, who were major contributors to this were instead put in charge, and of course they weren t going to admit their error and undo what they had done. we re stuck with the legacy of both the bush administration and the obama administration and clinton! and clint ....

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Detailed text transcripts for TV channel - MSNBC - 20110915:20:47:00

It just didn t happen. you don t scare yourself into coming up with a great idea. no, you tighten up, or you say something so if the fear is rational and the fear is also a barrier and not getting rid of the fear can actually become a self-fulfilling prophesy where what you re afraid of happens, what do you do? thomas friedman on meet the press a couple weeks ago, he talked about how we have to adapt in the new economy, invent our job, and then reinvent our job. we have to make our job vital to our company s growth. now, there s some jobs in our workforce where you really can t do that, but there are sop that are. that means taking extra computer classes, taking managerial classes. seeing what s needed in your company and filling that need and being aggressive about it. or in society. absolutely, absolutely. and you know, this hope the upcoming political race, you know, the upcoming all the races, the races for congress, the races for presidency, it isn t so much to ....

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Detailed text transcripts for TV channel - MSNBC - 20110915:20:35:00

Have a facility in their states. but at the end of the day, it s the pension rules written by congress and then as interpreted by the auditing houses and others. so if ellen s right, and i don t think that she s not right, that the current law is not being enforced, i think that certainly is a question and i absolutely look forward to the senate democrat in the majority having hearings, asking why, in fact, people s pension funds are being plundered. a new idea just popped into my head. is there any remote chance that perhaps if money was taken out of politics, that the senate and republican it s a novel concept. that perhaps then the politicians might be able to engage more directly with issues that are being raised? i have a better idea. hmm? why don t we just take the money out of politicians retirement funds and use that money to fund the pgc? that s a good political statement, actually. ....

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Detailed text transcripts for TV channel - MSNBC - 20110915:20:33:00

Working with consulting firms like ernst and young for cost savings? right, claiming their pensions were so costly that they had to cut the benefits, when in fact cutting the benefits gave them two things. it not only let them keep billions of dollars for themselves, but thanks to accounting rules, it allowed them to report those cuts as profit. because now look at all the money we re making because weapon don t have to pay this pension anymore, which is what you were teaching me about. that s like d.c. accounting. yeah, government math. we just fired everybody! jimmy, go ahead. ellen, it sounds a lot to me like you re sounding a lot like social security. i have a question, though. if you had to go testify before congress right now, give me one thing that you would propose to congress that would fix the problem that you write about in your book. one solution. the one thing that i would suggest is that companies follow the federal law that s already in place. one of the ....

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