tatas if there's lossnn bunene. i'i'm hopefuful. >> small imimprement? >> the b badtuff may n not pass jijimm p. ltthat's the good hope cap and trarand hierer tataxe let's limit it to taxes for t minunute. does this ite house recogogni the o-f-fhioned supplply side ininceiviveffect? we have get out,t, running out of time. do thehey dedersnd taxes matter and lowtax countries arere more hospitable to pipil, you can't grow w witututccapalal. >> no. . >> the corporate taxax issue, o. om talking to those white hohoe e ecomists, i ththin they dodo n b belve that u unls incomeme t r res are close to 70% they h hav anyffect on ininntntiv, there's still a long ways to gogo. >> we he e leave it there. jimmy, my iend,dennis neil.. i am leaving thihi debateinin yr cablblhands, they dodott undedersndndax wedge andnd capil

d tax rates.s. >> the only t thi we canan do i keep pprehing, preaching. > atat what we'redoing. > "bcbceports" starts right now. if. >> tonight oncncn reports," standing tall behinind the call >> this horrible frightening recession isis ending nowow! >> another ay, another pile off evidence thihis s ma be g getng tttternd dennis w was right. >> i believe in it. >> warren wants more. he thinks ththe first didn'twor. ananenen bnanke will h he go or stay? d the f fed chief. > a exclusive o on ee man knn as nails.s. frasasebl to day trading to banknkrucycywe'll hear exclusively y omom denny dykstr h he asks f court protection fowhat'sefefof hisis money.

bc reports sttsts now. good eveninin i'm dnis neal. that epicc b bate ofeaea v vers greed, feaear versus h hop takeo a nene venue. i'm calling it fear sun valley, some of e naonon's moststowowful bubusissss sts are gathered in mountainvivias and bigwigs. wewee talking tititss like investor wililbu ross and amereranan eress ceo ke shshenltltnd howard stringer and bob iger of dieyey aot of fipower though dththes hero s of capitalism arare down andd even warren buffet sounds like he needs aa pizza e.e. warrenuffet isis getting the ndwagon for a second r rou of hugege stimulusus by t t federa government. i i sshoeded. lelet'cucu cle to t real deal

with dennis. i was worrrrdd theememrats uld pupush for a s secdd stimulus.. it started with aa littlerip drip drip a and n now turningngo fefearililleflood. you have a new polll economiststs the " "wa street journanal"ononht finds oyy eight think morore s sm is nee. 8 out of 51 economists s ee journal interviewed, 51 practitioners of did mall science. ca seone tell mee h a guy a smt as warren bufuffe can ask for a secondnd stetepack?? wewe haven't enn seen theirst ononthat cost 78787 billion, passed six months ago a and so far, the fedsave saiaidnly $58 billion in spendingng,hat's lie cents on thehe dollar andnd onl $21 billion of that i i for construction cononacactshat create jobs. how about wait a a b,,guys,, or repeal tttonstrous firirst system pacacanand cut it to

infrastructutu spending onon.. ed or didinaly, it s shodd be scary toto seeee s s many ceosi tskhinvali. they don't know the skny, who does?? th guys at the topp are often the last too know.w. they are so high uu so insulalatefrfr the ranank dd fe ththturn a arodd begegss withou themem. case in point, january 2003, i met t thth denens senior s sui at a f bigger o o in switzerland. i even wtete about itt on forbes.comom tired andcrcran in das. ththee guys were i in a stete of terminal epepreion, theech bubule but, enron scandal raging, andraqinvasion imminent, , we were still hurtig from 1111 more than a y yea before that. janunuy,y, 23. look a at this stock chart.

ound the time t the were so prpresd to our market higigh mid-october, l right.t. stococent up, s&p 500, veryy broadindex,72%, lieieand gentleleme in that nice ssss than five year peperi %, that is anan average annual return 1212 per r ye over that entire time right t wh thoseeosere elelinso depressssed itit'sbeautiful beautiful thing. i keke avavin out whahat folloe but wt follolows can always lead to the next i if only we work hd at it. i'm not sayayin we canrepeat ththat in t next five yeyes,s, e real fact is, just donon't kkno youunonow atat th guys in sun valley, t the don'ttnow eieier. no do the experts on wall stetet o my buddy,hehe b basenet

rats at the bg, all o o us, yo get right d dow to, a are guguesngngn bbetngng. y not sell a little hope. new n numrsrs for jobless clala cacameut today. they were e blkk but not nearly as bleak as expectcted think we wll have that in a a nute. the clalaim came in a a 5,000, okay? bubut rsrs off all,ororasters exexpeed 3,000. whwhenhings come ineses than expected, th's's always mu better,565. i n'n'know why t thi says 611 there.e. this is belowow e 600,000 leve for the fst time since jananry i c cal that prprress. it's's starting to trenddown a bit. this ishehe newew jojoesess cla in a given montnth th show .. this crtrt shows joblesess clai way up over t the past arar. u u ca see the numbers starto llll i ril. wewe he jobs -- whatwewee looking at here is how manyy joblessslalas thismonth vererss

the monthbeforere. they rosos by ,0,0 here in february, , th rosey like 20,000 inmarch. suddenly, inin april,ththey comn 40,00000own from thee month before. inmay,babare a ssmienen, fillll injune, they fellll by a goodod00 or 60,000, i i tnk it is. that's the secocond w you lookk at it,yy msuring ththe change fr month to month.h. thetranslation, basasiclyly is this.. it ain't the dd of thehe world, fos,s, there's anonoerer little do dollop o ohohopehere. tail sales, ty c ce out for june. a t of f chnn storesales,s,own from many b big nas. wal-mamartidid not report atall. itit decided i it would stop do that. thatathihis single bigigge retata factor,, in termsf sale and hope,e, a few cinin managed toururpre wall street in some ways.. you have jc nnnn, aeropoststal

tjx, r ros stores with nice growth at t time when the economomhahas en in somepain. it's not allll om and gloonon a all. gloom atall. let't'geget rrspective with our squad. wewe hee julie,e,urur dococtic rategist,anancy s skierer with usus again,n, a syndicacate rad host and libereral if yoyou g gn to t. benferguson, also aadio guy, on the rightht side of things,, meaninintoto t right. and j jkk berkman, a republili straragigistnd bomb ththwer. ththan for being with us, jk. let arce start with you. it smsms frr and economic malaise is the ee area president obama f falally has b bipart sinship sswing. >> buffff,, he ouou stick what hehe kws.

i shououn'n't lk about s stoss and d he shouldn't talalbout politicscs. >> let me be simimpl this ecession, not onlnlyss it nothing to be afraid o it's a good thing. we're rgrgetng why we h hav cecessns. the governrnme s suld notononke aroundnd in badtitime as good tis.s. it cleans ouout the lazy underbrurushff the economy. w would bernie madoff haveve be caughgh markrketorors caught b bere madoffff, rkrket forces ugught roron,market forces wouldd sweep away t the dirty companies lee aig b b theyonon becauause pele like bernae a a o oba hahaveprevented it >> nancy, painful medicine. >> this is not an ordinary business c clele session,n,e're talklkg g abt prprsion, what pele lost. we w wen from bearish to bullil anand w bipolariri a abo this maetet. we were goininininto dedeession, weweooookhemedicine, the stimulus, and weare g gting

better. for those who m mig not have caught itit want youu to hear this w wren buffetsoundbite. cncn caught upwith him a sun valley w whe he wasushing fofo a second systemm pack n nerer m haven't s spe 90% of the first onone. >> the stimulusas n nev dedesieded tact fast, peoplpl hoped it wldldstart t trilili in. ingeral, i think, t thiis no criticism m ofhehe a admisistri becaususi i beeve inhehe stimulus a a i i p problbl beli another one,t may be overrated in t ter of theirability to end the recession fafa. >> you c can seeee and r rd thi full inrview whh warrenn buffet on cncnbcomom. as always,, dodo covererhe orlele o omaha 2 hrs a dada on buckffffettch cnbc.com. he sd, they not o onl don't work well but let's do another. >> he got well whehenhe said half the stimululus package was

viagrara andhehe other halalfwa candy. a stimulus wouould w wk if it acactuly was a ststulus.. ifif y look at the s stilulu package and whattt did, it had renovatition for aololf urse in austin, texas fofo a a million dodoll, had a packakaor animals to go under in florida that's not a imulus. >> jie,never underestimate e powerofof half a tablettf viagra, for onone thing. you want meoo comment the popoweof viaiaa.a. m m t qualified too d thth.. i'm soy.y. >> tell us about theeconomy. >>hahai will tell y you aut e e economy. i agree w whh w warnn buetet, i think thee stimulus suld have been bigger frommhe start andd said sond sayt a ainin today. >>y? >> y? it's nototrereaing ass many jo. they underestimated whahat the unemplployntntate would bebe. >> it's nottupupo the government -- letet me ask you thisis, u u thk i it' efficient in other wordsds, u u wod gue. >> can i finish m thought, pleasese, n n letmeininis my ouout before you a askme any questions, what i w wil say to you about th,,ff you

underestimate what t the oblem wiwill be you willunderestimate ththlarge solution. >> why do yo feel thehe government s shod d ben the business ofreating jo. >> wh bebecae e e prprivee sector's nt there right owow, i wasasttround in 1959r 1919 i certatain don't want too g go b bac totho days dada. >> listen -- >> look whatasas worked weweent frfrom losing 700,00000 j job an toto 400,000. gmgm emerges f fro babankptcy.. ee recession is over! y y're living inhihisaaaa-l world of obamama ld about as bad thee nerernd ranch,h,ook at the stimimul,, thehere were nonb creatingng tngngs ere in. joe biden sd,d, llll,we all derestimated it. it didn't workrk, at least he' not a li. >> jackck it's the government's job to freeupup businesssto create jobs, right? government doeoesn crereatjobs. > absolutely. . >> yes, they do! >> let mee take thihis e stepep further, let'sgeget al

controversial. i want t tseseautoworkerers ouou of work andd hedge fundsd be out o of rkrk bause they mae bachoices. > y need lots of viagra. m in detroit, will tell y you whwhatwe have 1.1 millili jobs on the liline onone-ird of these guys in nn valley are alleded mogulsndnd upset because theyey ltt ahird ofof tirir advertisingng b becse autoto industry a their saviorr ans the factt -- >> we will st, we'll bebe right back, real eaeale don't make mo.. more too tk about o ohe other sidede oththe break,, i love th segmentncluding the segegntnt e fate of fed chief b ben bernrnkeke, s is likelyyo baa rere lash, should he stay or should he go? also, the gg flap inineopopea everyoyo i is pointinggtt u us the usa. lk about overregulation, wawait until l yo hear what the e president wantsto do to y you bottled war,r, i ha to tell u,u, it has boioingng. thisis i your cnbc r rept and

we're just getting s staeded! , , mai help you? yeyeahi'i'm oking for car ininraranc atatsn't going to brereakhehe bk. you're in ththe ghghplace. to namame ururrice. here. a prpricgugu mm-hmm. d d weuild a policy to fitit yr r dget. at's cool. laughs ] i feelelo o emwered. wer to the people! h ha!eah! the e titiono name your price e -- nenew d only from progressive. call or clclk k toy.

in a long line of amamazgg performance machineses this is the e nee-e-upe. s,s,loating. that's me!rhea, can i i llll y what a difference phililli'' co? that gets your c col back in balance.

all righght. motherer earth, f fute of m mot earth issinin the hdsds of theh world aders. seems s eyey'rjust pointining

fingngs s athe us they w wtt us to p py by different rules that w wil restrict ourur gwtwthnd factories. i yyt's a wasas of time.e. les s go to the real deaeal squ r the real debate. ben, s srtrt uss off.. china and indy aren't going tot cuack on carbon emissions,why ououldwe. >> n no,nd the rest of the emergingng worldon't eheher. ththiss a pipe dream. don't want thehe president of the united statat of america living in n nererla saying wee will doomething that wiwi t happen. even the u u.n generaralsaid, a brbrliant point, i i don't usual like him. he said,ththis means nothingwhat he's proposing, if there's su a dire need we haveoo stop global wawarmgg right now, why does the p prededent say itit doesesn' happenoror 10, 20,00 yearars omom now. >>julie. >>e lead byxample andee emit m mee carbon and essssio than a aonone se in the w wld anshould lead byexample. diplomacy y s s be out of fashionn under the bush mimistration for eight yeyear ththwawayo get indiaiandnd chin

and developingng wldld to co alg i is nenegoatat >> we l lea by exple.e. the rerestffhehe worldss sicicko usryryin to lead by example, lead by action. > w d don ram it dnn their ththro by exampmple which isis we've been doingngoror eight years, we lelead by example a a engage in diplomacy. >e need technology t f t t problem, jack. nobody has been ablble too lea the chinenese for e exale for 000 years. i don't think w we' start w. >> aarently- >> l let me rarais this popoin who in t worldre t t europeans to criticize thehe snoousz am. . >> eurureaean is disarmed cenenr with no armemed rcrc at alall, if there were a a 9/11 in paris and somebodynocked off the eieiff totor,r, the french w wo look to us to go to ththe middll east. what does that havetoto do withhehe price of carbon. >> ododucon. >> we a a fighting o orr steak ddchicken on thetitanic.

this iss not a abo ail truism, this i is about survival andnd t money, the rsrs countryry tt tstshis r rigand starts investing in new chchnogies, grn technologies willll be ee -- >> let me lklk about neney f a a second. this is nonot an urgenen crisis ererytng obama does is a isis because that's t thenly way heanan mobililee amamera. >> yououilill lose on that one. >ext topicics time running t t r ben bernanke at the e fe his term runningngutut i januar, whwhe e hoeondering it? walt ntnts it to haenen. what doeshehesqsqua think. i i think ben bernankee has bnn dedett andawkward deckrom this ministration, doing ththe stst c canright now and i don't nt to change a guy pretty smart in the mdle of thisndnd ve a new guy come in, especicial a a crony of the ob administrationon a that wouou be disastrousus >> julie. f f get thee crony part.

i think ben bernanke h h b bee doing a a good job uer difficult circumstances. warren summemersanan that bb and d llll push him out of that c chair. w wili put money o on this? atat's not what i w wl putt it. either selling a a rger, l lanng onon the ududn,utut he's upped thee learning curve,e, way upd the leaeaining curve. > iililplay a p pival role on one hand, warrenn summers, ybe if he dsn't back summers, maybe he gets more power? i'm thekuku of thee g garn party. i inink t tssis thehe w wst fed chairmanan i think the series of l loa to airg are the silele worst thin the united s stas s vernment ev d did to i its citizens.s. thee f fed exploited a crisis fr the sole pururpo of building out fedgogorning insnsurcece backed monopoly. itit w d diberate act. >>ou want his head. jack wantstsisis head.

wel l ve more on tt maybe. up next, wee get to t the man i the ddle of t tsese issues, represenentitive henry waxman. john haoooos ourwashington cocorrpopoent and scored an exclusive with mm up ne. later, anotherr bc reportt exclusiveithewew bankrkrup baseball p plarr t tnened skety day trader, lenny dykstra.a. check thisisut a billboard on roroee 8 in hack kensackck, new jersey, recession 101. the i intesting factbout recessssio t the end. lili that guy. hehe selling hope like i a am. some days my 8:15 bubus just a bus,

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health care,neney and possibleleececon stimulus package, the manan iheididdl of allf iit. representative henry waxman. cnbchihief wasasngngto correspondndenjojohn harwrwdd sceded and excluluveve intervie with him this afternoon and live withth u tonight.t. >> there's n nobyy more at the ntnter action legegistitily in cocongss than henrywaxman, showing he can get thingsgs dee passining atat cap andndrade engy bill through the usus a lililele frustratated on backk forth o on h hlth care special there in senate. let's take a ststen >> if wee keep on h hining peop drdraw redlines,, we can't'tavae this x,x, weanan't have that plan, we c can have thesese employers s ququir to do any reonsibility for their plplees, we can't reire

people t to ttinsusurae,e, yoyon keep drawawin enough redline, then when you're through, erere'no ability to get a a bill passed.. that is counterproductitive >> one of thee inings thaha you can playy with onhehe employeye mandatate t t size ofofheirirms th w wld be required participate. whwh is thee right level in tets ofof eloloes f you.u. >> we're veryy mindful of t impact on smamall businessesesn we're goingng exclclud some thosose alal businessesanand we will givive tax creditsoror tho o step up to t the plate a and prprove moneyoo help their ployees getcovered. exact nuerer we rely haven't dedecid,d, b we'reininulff ththe burneds. >>o you favor -- will i it be part ofhe house healtlthill a ta a a surtax on the highest income americans toayay for health carare reform? >> we're going to try to hold down costs in th health care system asuch as possible to help pay for t costswewee going do incur,r, w wreavavin some neney, s speinin s som moe

bubyby bringiginginin a lot off opopleo makeealth care affordablele,wewe have to hpp tm get healthth iurance and pay fo it. if weriri evererybyy intotohehe stem, we'll be a abl tohold downcosts. it certatalyly isconsistent wit presididt t oba's pledge notoo rarais tes on middle and lower income people. >>let me asasou about whatt y y se the end me there. is itthe case thehe bill yoveve noassed in ee house is ctct t hievement for the ama administration toto take to copenhagen a ande'e' not going to see legislation throuou the nate and gngn into ww on cap and trade in ts country. i i want to see aawassed onn energy and healtlth rerey the d of t thi year. as soooo as this papaes, we'll see a stimulus to our enonomyn theririva s secrr that c cou be aselpful as anything g do f fro the public sectoranand maybe evn more so. >> that's denniswaxman's a ansr and barackck omama'sanswer on

some concernsby younn cap and trade and he thinksit will stimululatanand entirely newew energy s secrr and tetenonolo b businesses tryryintoto complyith itit. we'll see iff it works. >t wasrerett long ansnsrr wh you asksked him point-blank new s surx on thewealthy. s soueded like th long a awer ilils wn to yeyes, he supportrt it.. am i tting that ong? >> i inkthat's what is g gng to c com out ofof t hoe.e. i i wod not e eecect it i inthe nanal ll out of thecongressss. too m man senators areppppos to it. i ththinthey will endnd taxing some employee befefs on thosese healalthenenitlalans >> taxhappy. johnhn hharrd, t't' get back t the real deal squad, weave jue,e,ack and ncy with . jujuli g go ead, take it away, gogo awhere you want. . >> fabulous. tutual, on health arar i do reree 's probablbly not going to be i i theinal b bil a as hn pointeteouout, ththerss many didiffentayays pay for h heahh care, i i wodd like to e stead of tang, incomee beded

tax, i'dikike to see a t tax ond so dan and otherer obesity leadg products. of course, soobobod will notice, do it surreptptioious. >> not at llll. when people drinkalallo offed so danan a g g obese, i end pang for it outofof my pocket. >>hat if thth'r're slender and drink g glolon offers soda. >dennis, coco on a p pen or two onokokwill no make o brbrk your lifee but help p peo get health care that don't hee healththarare. >> why don'touou chargefafat people more for iinsanance >> nothahaing pat pple more for insurance is m makg people can get insurancece. yoanand andthereoeopl whoho have insurancece, on average a family of fourpaysxtra 10100 dollars a year t to make u up fr theififrence in healtlth care, u're already payayin for. it the diseasesasasicly that contribute t 74% off health carere costs why notot tax t th obeses >> i think itit's a g gooidea, dedenn, i have no problem with

.. listening to xman, the american people e ha n no idea at they did. with amama,hey elected this smooth well-dressed guy t tha sounded so r reanable and h hado ea they hadaxman and far leftft wg g ay distheyeyerere inging iin. ththe erage americaneoeopl had no idid. . >> jack, i i g g tosay, henry waxmxmanss certainly not a lf ofof v vgrgra kind of g g herer right?t? he g goe for. >> it far lele. . >> he's been thehereongbefore obama, jack, checkck the record. here's theeeeelgs i ve c and trade i wass involveve in t clclime o o ee ioio market becaususe wawas involved i that. it worked brilillitltly. we're stst recreating t tha wi greenhouses. y youe doing worse than that. i knowowicicha sasand -- >> my dearrfriend.. i wkekewith riarard. >> when y you s set an artifici lowcap, y y create aewew market

with pieces ofof paperndnd raia $630 billionver 10 years the fed cacanspspen on other things li health care, julie. >> the marartt signanals it. >ouou'r nowcoconfing the two issusues >> i think omama i >> you're sasangng cacap and tr will pay f f heth care? >> t the will use thatoney to pay for anytythi e els they wt, it w't't p pay for clean air. itit'snono will have companies crcrea less emissions and will create a lot more clean air. wi create enerergy technology anandhat willlpupu our ececony. thisisss a n technology. > the profit motive createsew technology. let's gigive benhe last wd.d. beben. >> i don't knonow w w is works anhow this i is so cocompcacate the factctff the matter is i you do this andtata talking about cap and trade orrtart taxining people onn h heahenenits p peoee will lose benefitits dd lose jos ovsese if you srt taxing

everytythi.. forgoodness sakesswhwhcacan' we stop t taxgg everytythi?? it's bebeliable. eveverody will lose jobs in dustries they cacan do it cheaper sosomeererelse. >> i it' fear. . >> alaly. i l liv inreality. > it's not reity, fear-based. i must apap ank you for being w wit us. still a lotore ahead tonight on "cnbc reports." >>regulalati nation,, alth cacare pay packages,ndnd now yr bottled wawate dennis i is iling over about i. that's next. > the whwhithohous also pushing build n new roads. have theheyhohoug about o's going to bedrdrivg on them? wait until youeaear what peperctata of american drivers are nown their 7 7 anand above > and cryryin outto b bkrkrupy court from baseball sr to sketety y da traradetoto native net worth, cncn's's jane wells spoke e elulusily today w wit lelenn dykstra. this is "cnbc reports"nn thursday, julyth. we'r're ckckn two minutes.

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neal. > war,r, waterevery, where nar a dropp to drink. at line show ups in a mously lolong p pm a g wrote 212 year ago. the r rme ofthe ancient ririne now, congrgrs s anthe democrats have a new aim,, bottled water evererywrere, great newhahanc to rethinink, congress wantnto rerethk k ho the governmeme regulatetes ttled watat b becse paparely the oversight of t t fda a stst isn'tenough. bracac thyself f f yet a anoer ackdown oncapitalism. lastyear, amerericss dranknk something g li 3 30 blion bottles of water. we'v've enen chuggingotottl ter for 20oror 30 yeyear nonow d hahasn injured a soulas far as ian tell. horrorors ururns out the fda oversees tapapwawatewith didierent rules b but s som thi ey shohoul beorced to p p a

phone e mbmbern theabel so customers canall up f for info on the sourcee ofhe water. and the contamininanf this wateter cranks can call up evy 50 yrsrs 's themarket. compananiewawantto stay i bubusissss and wll keep their prpructs clean and safe. i'm surure they w wile happy to swer any callele wiout corere havingg t to pasas anoth dedel edt. nn we pleasese stop thee madnes? >ontoto oer stuff, fororrr basesellll great turned skchch daday trade early innnny ksksa files fofor nsns. jane had a a interview with m. wh's up? r rorter: hi. news f fmmleley dykstra's attorney how m muc "nails" is really worth. heays he'shehe v vicm of momogage fraud and f fordd himo

liididathis assets and needs to fileehahapt 11. that stoppeded forereclurur of 13 square footestate. says he plans to sue o ove the $2million inortgages he to tto buy t ts house from wayne gretetzktwtwoears aa. >> iililed chapter 111. that's eoeorgization. th's'sot barurupt. i'i'm t barupt. >> a ahohoug the filing said yor assets are w wor no more than 0,000 and yr liababilieie are more t tn n $3 million. you only havee0 thousand dodoa dollarar >> well, i mean, how er the numbers -- - don'n't know howoy fill that ufuff out, a all i d s i tell the truth. >> repororr:r: tight, ispspe th ddykra's attorney that said thattwawas i inaurure a computer d dauaultosition to go for asts between zero a $50,000 because lenny d dststra hasn't't sd d w much hiss sets are wowort he h h two weeks to that and his lawawye said i i

is closer to 50 m milonon but i guess you canavav a positive net worth anand stillfifile for bankruptcy. lot more to this s sryry and the entire interview can be seen on bcbc.c. >> niceleldodone i'd say he's a a littlelebit in denial and a aoo say this sryry is a little tt overplayed. along wiwi j jan welllls, w we alalfr edmond frfrom blalack enterpri enterprise.com andnd be t t radio talk show guy. arart off. nmnmy dydyksa.a. >> i i h hee doesn't think h h can resurrect h hisareer by doingnn e trade o or onlnlin trtradggomompaes as specks rsrson i doubts theywi will -- spspokperson and i doubt they will hirerehim. he is a guy that canan't manage his moneyorrectly and claimim big bank rippedd him offff. grow up like youuid onhe baseball fldld and take responsibility f for your acons.

>> how istt morningngraraud i asked for money at the -- morortgee fraudud i aske money and t nknkave it to him. > hlaims a washingngto m mus shll mortgtgag officer gave him aegegate amortization a arm and promomis h h coulddinanceoth into anffffdable payment a and clclmsms h dippppred andororce to liquididat hisis ast t to p off the sonon mtgtgag and doesn't have theguaranteed ininco anymore. he stopped paying t first rtgage because he calls t the tire loan illegal.. th's his story dd sticking to it chase saysys,e think h he needso pay. > ntttopic, guys, wagoner'ss waiting ga, rickck gogone is ill on the payroll makiking dollar ayear, not for much lolong. the obamaadadnistration is trying to workut his exit package. say this story is ununrprplad. let's seehat our panene ththin.. alfred, what bothers mee in ee "w"walststet journal" today an

obamadmdmistration official sayingnge'e're about to decide at we're going to pay hihimfor his bonus pkage. hoabout the board. >>his story is very underplalaye how it plays outut may impact h government impapactceo and exexututiv compensasati when companies get in rorole. weeed to w wat tss storory very closely bebecae e can have brder implicacatiss what is acacptptab an not acceptable. >>e has 32 years, whatevereree hahas on his contracts whahaheh should get, i d d't'tcaca what government saysys. >> w should t tyy be involvedd a all this ishehe first timeme a ceo s been le go by ee president ththunited statates we have consumersrs w wtiting f wh t t government ss about warranties and oil changes, not odod. >> more importantly, capitalism isisbout you succeeding o o failing on tirir n merit. when the white h hou s ste in and i h hea thay they're going to dececid whatt a priviv citizen withh a a private ctrac wiwi get paid out, that's not

memeing i thought i would see. i don't think this miminiration understands the principles of busineness or capipililismobviously he reaeal is a a cmumuni organizer. >> that's t. gogot rap up.. "across americica,upup nt, a cleaner gm and headlines youou sa see see in tomorrow'w's wswspar and alsosoahead, mymy favorite ouou i'm taking a at the prident's health care pn,n, why y i inink it'ss g goi to cot lot more money and a lot more pain. m back in two. f at first i was afrfrai was petrified.

kept thinkingg at each meeting meant... that i wououldavavto fly. but then i ipepent so many nights... rereadg e-mails way too long. then i grerew roro. network video camemelolong ♪ and so o m m ba ♪o o ti to waste ♪ just clclicththe use and get thinin d don♪ ♪eeee pple face-to-face ♪ i should have chgegethings long ago ♪ ♪hihitechnology saved ththe y!y! lessss cplplation. that's e human ne. learn more atisco.com/newways. yocould buy 300 0 boleleof water. j jusone brita filtlter ( drop plinks ) brbrit-- better for thehenvnvirment

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board,evenmomorteleltsin saidid w needed a ststululus b th f fst t tim aund president obobampupued for and got it, i think ththvovotewill be the. presesidt t sh had to push for votes for a.a.r., the bailout fofothe bas. opopleidn't like it but what chce did we haveif the economy was goingngo go over a cliff. >>avavidlet's start w wit you. he saidifif economists s say we should. ththe "wall street joururl"l" inrvrvwed 51 economists, only eight sasaidee needed second syem pack, what d do you sa davi david? i i s it depends what the terms are,if the goals s to put more money inhe pockets o o nknks to save it for a r rnyny y, no. if our g goa i is createjobs, that's preciselyly wtt o goal is, yes, wedo. let's face it. thprivate seseoror is not steppingng uas weope they'd'd'd beblble do and crereat thee jobs. >>t. louis, if the private sesect i isn able too do it, i

don't thininwewe suld r rel gogovement to do itit enough alrerey.y. >> this b bil wasn't doing what it was billed asdoing, n not crtiti jobs or at l lea not i y measurableway, not bringing the economy around. partrt o the reasonnayay be the money's nonot ingpepent fast ouou but also thehe ft there wasn't a lotofofdedeba that went intoto this, to the provisions t thibill andd you end up with a bill that may no have otot of j job cating popoibilities. > > ne up, gereralotors rolling out iew imagaggm's new logo, telele howouou like that. going to shohow that?? going greeee sesethatat? ususuay blue, bubut now iss grgree w wch gm kes moree cars than almostt any o oth company n the world,gm is n nowgreen. let's start withh t in droit.. whatatoo you li with that new detroit logo.o. >> they haveve do sothing, eir perception is so badnn ththmarketplace,e, cngngeit, mi it uup, green,n, purple, who ca.

>> grn,n, purple, steve.e. >> we're all aut green in cocolododo. windnd, solar, renewable energy. we'reruruck country, suv country, peopleeikike to drivevp mountains with theirir ars. think t small greenehehicss are e ining have a bit of trouble. >> e eveinin genlands. > aunun th hornitith torrrrow businesseaeadles tonight.t. les s stt with t tom i in detro. i ifgm comes ouf babankptptcyfritz h henrsrs will behehe new ce this i is what we're all ababt, he wl tl us bob lu,, t t a agi enomic guy is comomgg back. >> i'm glglad t see that. > wtt havaveou t tomororro >> if you'r'r an organ donor, will that t caee an increase in health care e ras?s? i will telll you wtt thahat is. >>jejereahah. >> oneeaear since bush's board acce cepted a buy-out offer from inbev and d we learned a l about th and have a meaner lner

anheuser-b-bchch ttalk about it in st.t. louis. and wrap it up for us >> story on hospitall ten patients werenfnfecd with hepatitis howw are th goingtoto doririsi mamanamement >> nice job. thank you veve much. i'mtaking aimtonight as the white house anancocongss try to come u with a a health care pnn we can a alift withhand a w ofof will payfor. there arar some w insist the only way to improve hltlth re and make su everyoneisis cored do is away with pririva insurance alall gether. dr. james s fld d is withh the public health reseseahh group ad public citizen andnd target tatang aimtonight. you gogo first, sir. >> well,, thank you. >> what's's being scscusd in ngress right nowss t takg a broken stete tinkeringg wh it and throwining m me money a at t thisis i't't going tfix health care, i is not t gogg change anything for the ns of millions of uuniururedamericans d d fothetens of millionsho haveve iururce but have i it f

them whehen they g sick a and g medically bkrupt. >> jackonon last night a reblican, said 8 orr 1010% of americans uninsusure so what? whwhshould we spendnd a trillio trying to get to the uninsnsua t ofimes maybe tyy ought to insure themselves.s. >> first, itit's not 88oo 10%, closos t to 15%. > arargug numbers,s, again, atat? >> so what?? i think thehe problem isost ere. are twtwo problems,s, access,an lo quality insusurae e d ccar th other ishe spiralili an skyrocockengng costs. ththe ly way to cocontll the cos is with a single payer system. . >> a single -- da-dad falal the hidden a ageaa becomes clr,, you wawantoo sosoalalizmedical care, want t the government to thth single providerndnd governmement control pririceanad prograrams have you everealt with a st offis? would you like them to pererrm susurgyy on you. >> sosociizized m medine where thgogovement contrtrss doctorsrs

and nnurs. sisile payayer is one financier who pays thehebills. everything elsetatays private. >> single payer mess that all of us payyar more. when you startnsuring the uninsusure c cts go upup, n down. > upne, my turn to go backk at the blogger youeep bloggiging blogging and b bg yo. we'll be back in twowoininut. you're good. thanks. so is ououbibikensurance. alall e e corage you need at a arereatrice. i'm not done --- foless than a dollar a m mon,, you also get 24/7 adadde assistance. ririghon. yeah,, oooom-oom! sounds like you ran. more like a 900 0 twtwin cucusee. wewellyoyore excused. the right insurance r your ride. now, that's prprogsssse. call or clicick daday. u could buy 7575bobotts of water... j jusone brita faucet f filr.r.

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eric schmidttf google talking g c cnbtonight from sun lllley breaking wsws. we g got this just i >> micrososoftss ctatain a very, very successfulul operati system vendor. it's probable thehe case thatt opople will contitiee to b microsoft t ododuc for a while dhehell also buy the n new netbtboo b becse they're going to get benefits f froththe new neneooks thathehe micrcroc't't >> you jusust idid a ile, which would indicatete ttt would end some oioint >> wdodon'know how long these cycles go. but we d do ow t tha computeri and way t ttt internet is r ridg is realally th future. >> so,itit sounds likekeou're pretty confididen at this evevtually could take pretty heheftchunk of microsofoft' market share?? >> again, we don't know aboutut what thehe future e llll holold. we d do know thpeople will f fk to these new kinds of products. we don't knowwhwhat it displace. it may be t tha the producuctsr so inexpxpenveve that people wi continue to o y y th exixistgg pructs and these wililbe

additition.. we're prettytyurure that the wot is b behd us, butute e dot know what t the future looks like. evevyone knows how difficult business is today around t the coununtranand ound the obe, t t don't know whatt t the shae of the recovery l lks llik governmentnt projections iicice that t the recovery wiwi bin by thenen of this year i i not earlier. ununemoyoynt will continue t to get worsrs for a ilil which is obously very difficult for those pepeop. so would say thatt ee mood here is mber orobober and ople areeaea for r th long term.. >> this is eric schmidt, the fit tv ininrvrvie since anununci the new chrome operating g syemem otuesday. it's going to bebeevevelg because not t on i iit free b you cann access youour dococenes from any compuputebebeuse they wi b be stored on the wewe dennisis wll have mororeonon ou fifirsonon cnbc ininteieiew wit ericic smimi tomorrow morning on "s"squk box." wewe pe you tune inin enen. >> great job,ulia. bebefo i itart with blog, y y want to ststar with a a real li blogger from the s sta o of orida. i want t to ask him yy hehe so

causetet.. his own networkingcocompy in the chicago ea. startedtrading. writeteththe market ticicke blog.. he's keen on liliquitity dhehe mamaet. sophisticated stuff.f. carl, you write u und urur own rerealamam apparently. lot of yourur brethren out thee st a anymous and sayy less intelligent t stf.f. why? > wl, i think alolot of peope believe e thomehow they h hee to keep theiei anonymity in ordr to cia somehowow under thee radr i don't t unrsrsta it.t. it dsn't make sense. y y're going to spout offff a puput ur opinion on the air you should use y yrr name and be prououd hat you sayay. >> doess i allolow them to be meaner?? >> i don't know. did i itchchan anything w witnbc ckck i 27 when you hadad peoplee that said that the housing mamaet was going to bww up and thth credit marketet ash and yo guys weree al over thth. ththeyot three words i edgewise

before they were shoed off your chananne >> does it alallo stock manipulation t to ppppen atall, ththe aanomity. >> i ihihinkhe stock mapupulaon is happening w witn ee network r rororti environment t famomo than it do w witn the blogosfooer. >> we r ranutut o time becauau f that eric schmidt thg, but thank k u u focoming by. thanank u u r not calling me a idiot in pepers.. take ccar >> okay. now, i stiti thing ann nomiy t the intntertt is wardliness. th insist they've gotto remain th.. mighghloloseheir jjob per savvy hedge f fun traders. i ink a lotofof them probablbly aren't thahat all. i think a lot of thehem ee unundempmpyed college kids and they kind of want to pop o o a d nono er be held accountabable when they dodo srtrt hding peopop accountable, whehenthey eliminine,e,f theyy everouould rbrb t anonymity fm m th internetet, uu could see l les adadveising and more peoplee red it w whh far more credibility.y.

the cak of anonymity is cowardly and itt allows s pelelo bemean. growing up my m mom taught ,, y something to someone's face, n'n'talk binind eir ba. theeblogs, theheyan leaea from atat. i'm dennis kneale, thanks s fo being withus. cnbc report is back totomoowow a 8:00. more thahannyny other profesesononal sport, nascar is fufuel by sponsorship dollars. how will it survive ininhehe crashingng enonomy e-side track, refuelling the siness of nascar. feature of cnbc next. yorerehe colon lady! dirhrheaconstipation, gas, b batatin that's me! can i tell you atat aifference phillips' cocolohealth has made? 's'she probiotics. the e go b bacria. at gets your colon ckck ibalance.

i'm good to go! phillips' ' con n heth. i i ho h hhaflac!t insurance. you u alallyeed it these days. how comeme? well if you'rere ht t ancan't youwork it pays y y c cas..ys. yeah to helplp whh everydays like gas, the mortgagege.. it's like insuraraee for daily living. .....wt's it called? uhhhhh it's like insuraraee foaflaaac!!!!!!g. oheaeah!that's it! aflac. we've gogot u u unr our wing. a-a-a-a-lalaaa