Out of the Woods?

" AE KEV addicted debate and discussion are they called the -- I'm not really sure why but we we talk a little bit this in fact today. We've talked a little bit more business president Barack Obama spoke on Wall Street right across street from New York Stock Exchange. Was called the federal hall at all -- be the first presence enables you OK we'll get -- that listening to introduce the panel on. You're left appropriately Bob Beckel we see these are favorites. Democratic strategist former deputy former deputy. Secretary of it's easy ones they think they. Approve it. Of stage. -- Yeah tell that there's just keep going that's fine -- that is Walter Mondale's president of campaign 99 or next and his brother Graham -- go. Bob also renowned actor we start. TV screens. All -- just picturing. This -- gonna get -- whatever they want industry. To your right might left. Representative Scott south to South Carolina and new South Carolina we've had heard by you with that you want and -- and good conservative and nor is it news Charleston County. And that's when it's infected next whom I have. Doug -- Republican consultant. A lot of Republicans no kidding. Iowa boy and very valued voice activated but I also play as a professor at Fordham what law. What was excellent. Let me do this and -- jump right into the president's speech you know I've -- a couple of quotes today from the speech this important find them. -- Bob Beckel. -- During his speech he was the Washington who say we need tighter regulation. He suggests that we need. -- risk systemic risk regulator we also suggested we needed. Various forms of -- regulation got to. Bob is it a lack of regulation that caused the big financial crisis or is it a lack of administering to the current regulations on the books."

" What person off surprises that dictate reformed and it isn't the end without Barack Obama Wall Street when not in this. And that he the men and single handedly saved the American economy. -- Which just to record direct you forget very quickly start counting your money. But but the fact there is there was not that there was regulations that were dropped most particularly glass -- And glass Steagall was -- and allow these guys to play you know and I know where. That that the business community can look for any of the least regulatory -- they can find and they did they came up -- these all these exotic instruments. Which almost put the world economy in the depression so I say regulate and -- them hard and throws some of the best."

" And jail regulated regulating margin and -- that are. Countries out there who are just pouring that's what we come up with his don't think all the business they -- real quick and if -- guys. Email box stranger at Fox News dot com's strategy room at boxes that come. Somebody's -- right now starts an imminent pound bombs now we get a bunch enough -- Emily you. That talked about about that he. Why. -- I'd like I'd like it clip bomb. I don't know if you have to go all I wanna talk about. You know I've always been a believer in the free market cabinet that clip. I don't have I don't have -- Sox. Obama says he's always -- believe in the free market there's anything what -- right now on bags in cars and a bunch of buddies in homeland being. What any one where we work with it."

" He's he's essentially trying from when it looks like to change our system. And that's what people are so afraid of bats at people -- certain that's why we have the march. -- tea party rally in Washington this weekend. With about a 100000 people showing up where all the way back this sentence and is well well they heat up. And we look at it what is the change it's actually going to help here the problem in the eighth when they can't when they did the amendments as far as glass Steagall. Was that they allowed these banks and financial institutions to become too large and what's happened since Obama's -- Bank of America for instance has gotten even bigger -- group is just as big as it once he hasn't broken these banks down which is what he needs to do. I worked at Citigroup and became. City group as opposed to city for and it had travelers insurance sounds Smith Barney brokerage. These the old city banks worldwide and it was just huge -- anybody could look and see it was too big. And that's what they need to fix and that's what they're nice guys."

" What do they have resorted to the with a conservative Wall Street Journal today finally gave Barack Obama credit. As administration for saving us from going into the abyss and you all ought to be thankful for that. And regulated and Bob. Well I'll play -- here struck until we make sure you've played most of that peppers and did we are we out of woods I mean he's -- He claimed he fixed it sees the economy year inherited. Didn't they -- we have."

" What's perhaps when with this -- so what we see in the economy simply Vista. We're not hire people here you can have a recovery in economy without our people Obama -- this president is trying to do is try to build a bigger government. Every time we talked about how to fix things that seems to be a federal government's strategy for taking over more more or economies like a debt market capitalist -- talk but to."

" for second in the economies made up a lot of different things the stock markets want -- home seems to be doing all right. Represented. Mentioned the new labor markets unemployment rates continue to rise this you know beginning of even six he was. Elected president through the inauguration through now the unemployment rate has only ticked down one month but it is gonna steady increase and the housing market I mean what. -- and fix the economy."

" Knowing your face in economy. Is shouldn't smoke all of the -- is there's nothing -- The only advice you get to keep collection of their guns and their bibles. Because he's gonna screw it up. More and more Bob Bob are you so heavily involved the stock market that you see that hey yet the stock market -- okay so everything must be fine."

" And and I have a lot of happy. I'm -- you over the wanted to say -- say the economy I'm sure -- Barack Obama -- thanks you're talking about the risk credit you know there for small businesses and it hadn't then. The -- there was no one big enough to move in to save Fannie and Freddie -- to the people keep their houses the federal that was no big enough to -- the auto industry. The only one big enough to save these banks outlook. He doesn't want -- in the business of business and he said that over and over any doesn't. And the first. By the way the first laws have been come back and in the American taxpayers of me by my last count forty billion dollars in interest on the loan we've given out. In the end in the end these on the."

" Look all represented again only get dogging him for for second Doug. Back below here tells us the American taxpayers. I'm gonna make forty billion bucks and gotten check in the mail you know I've I've certainly -- gotten a chicken and don't you know Bob Bob is right at least at least in this regard. Take -- President well I'll say it. 3:10 PM. -- President Obama didn't wanna be into this business but as we know President Bush didn't wanna be in the business of nation building either. What we've seen coming from this administration is taking credit for a lot of things that just haven't happened yet vice president Biden specifically talks about a preventive. The -- preventing it depression. It's not about saving jobs and to me kind of sounds like saving cussing you quarter. You know it's nice to talk about but it's impossible proof it's impossible to -- we're not out of the water that we know don't think I can -- we can it really does nothing if -- nothing. And just let it go you think that -- be in good shape fashion duds are absolutely not every suggesting that we will be in a depression. We don't what we do we don't know -- if gadget guy down and that American -- down and anyway -- reorganize into and how much you."

" Here is ultimately Jon Scott garments as we do -- that was and Scott this is well Bruce Wilson says to me a favor of the other Beckel slap his brother did. I couldn't handle it amazingly similar laws. The movie about a free this free market crap you. Bob wanted."

" I think I think Bob is right this president is not interested in building a better business market -- that in that building a bigger government. And -- would come down -- it more regulation more regulation more regulation of the regulars were doing what they were supposed to be doing we would need more regulation."

" Well it if I had been cut out -- I usually end here. I was gonna say that free market crap that we get that there is evil laugh ha hero problem that Obama has -- problem premarket I have no problem for Americans. Free and fair and everybody got he was shot and the problem is that they would always happened -- and small people and I -- that's the problem."

" But how is it fair now when you look at the car industry is Ford have the same shot that GM has. Three when it got and the same thing we're talking health care with the insurance companies and is a government option it the other ID private insurance companies going to be able -- that he says doctor doesn't cut it up."

" Don't go over the cash for partners turned out to be a great program is it 600000. Some odd smelly dirty environment insensitive cart office. And important -- they've been invented by."

" And the reality is there any talk -- regulation you don't have much fraud I guarantees involved in the program do you think that these car dealers and he's used car dealers -- these aren't sure that -- take -- And younger and."

" We're not throttle all the little battle of the problems in Wilmington north Indians three indication -- who work."

" The couple yeah. A couple of for."

" It'll come -- probably got. Well Bob we don't know the federal government picking winners and losers in our auto industry overseas right. So yeah -- Democrats crash that -- that would benefit the fact of the -- is competition is what's been missing for about 25 years in all the industry. When given unions dictating how we're going make cars another competitiveness yeah it -- yeah they you know. Yeah yeah -- got union or the problem Japanese and it. They don't -- you on the broader market but taught me it does business in South Carolina. The Boeing employees simply decided to dissolve their union because they understood -- South Carolina birth of a better competitive position even -- country. Unions are the problem albatross that."

" Let's touch -- mistake on this point about you know defiance financial bailout. Graham. GM AIG Fannie. Friday night for the biggest banks in the United States. Receive federal bailout money from TARP or whatever form of but checked in where her checkbook and wrote from. Does that not sound like bailing out the biggest companies in the world as like a good that I made reply to the eyes hadn't unfair advantage that's an unfair advantage now."

" I think that they should have died initiative have almost Halloween party around. It's ridiculous for certain and is an organic has nothing to do with the notion of liberty. Let it die you know Americans -- stand it doesn't work we got. The big guys if they get too big and they are threatening the little guys liberty the little guy can all get together and bring down the it's a question of liberty and if you're having the government taking up the side of these large entities to protect the liberty you're stealing it from everybody else does -- right."

" The fact that is those big enemies took advantage of their position and did it -- a lot of those law and these. And they have made organizing compete and the game got so -- that we couldn't let them fail you'd think we want."

" Yeah. I feel sorry -- goes -- says I have a problem of the big guys having unfair advantage it making so big that we can't let them fail but here's. 700 billion dollars and are."

" They actually have an yeah -- happen the reality is and this is what I thought would happen. When the merger first happened -- group with that eventually it would be too big and eventually what would happen. Is different parts of it would be spun off to -- broken off into smaller companies it doesn't mean it's Citi group what it just completely gone bust. It means that different parts of it may be would've been sold to other companies. Or married people would have -- they -- started new companies with in the a lot of the same people it -- it it."

" Candy thank. You kind of fun if we did nothing. Well and it's -- different -- I think in the long run it would have been better. Answer from -- if we had not yet that does not. Let these companies -- look at -- let anybody go under would we be okay we'll let them as represented -- there is it will be okay. The Bagram matters that counts that only the strong survive constitutional politician can't see -- you know. But it'd -- about the matter is -- big about the strong surviving the fact of the matter is when the government infuses 700 billion dollars. Their -- only -- you know when they create winners they also create those dog. Answer answer -- question -- we are not weak weak yes you know being in depression right now had we not we know we be if we you know."

" And topic but the question is you know there's there's not an option of doing nothing or doing something there a lot of different things that we can do you look at the stimulus package where we're not this -- really been spent yet there's been no impact there. You look at the housing market I've I had there with a realtor over the weekend things or somebody -- for the realtors in DC things are not good there you go on down on the network. But things are a little bit better than -- they are depending on but it's pencil part of the country to talk about him and you know we talked a lot about the car marker that the car market. Automobile industry we could talk about the automobile tire industry as well because there's a lot of movement going on right there we could see escalation of prices work affordability that becomes an issue that it's. You haven't in the guitar stimulus and you know doing he's all we've started their ballots Republicans say yes you're absolutely right."

" Well and a lot of -- and I and we sent out there have a right -- anything let me do this for once like Bobble off to a team first that's out of what -- the football games. I thought I saw I wasn't sure myself -- last night bears Packers that I watch them sooner than I've really seen this was the chairman Gian. Ed whitacre saying hey. We're gonna put our money where our mouth is you want it you have sixty days you don't like the car. -- Bring it back only fine and I think you know. Your money yeah. -- you think our money where your mouth -- learn how conflict compete with that."

" One out of ten people employed in this country one way or another related to the now if you all want to see GM and Chrysler go under. Had the only American -- looking forward and all these foreigners who did that this outlook staff invited him and taking over our market taking over countries -- surely. That's fine. But I don't believe that I really strong vibrant American. Automobile industry and that means we had helped them get through this we generally don't take that through her throat to -- Graham do you think one out of every ten people are -- In this country are somehow tie the automobile industry data movement. What I tell you it's not just. Parts suppliers such as gas station. It's trucking firms gives everybody else that's involved. In the transportation. That's like saying six degrees of separation of yeah I'm glad I did that then if I got from all views have been better if GM and Chrysler -- folded and been better if we had a chart and -- thank god they you that your."

" Represented a 101 answer that form a baby here and -- know the answer is no that's what we're saying what we're saying is that we don't know the answer because. -- another course to take it. The fact of the matter is market based solutions do war in May take along with -- still war. -- are based solution over government that's -- I they were in federal government's solution there. I think we're in the federal government taking over that are coming with health care not want to look all the -- take -- of the finances -- control the financial institutions and our country. The reality of it is that the federal government's too big. One of the reasons why we have -- just find it difficult -- a yes or no lateral is because the folks who keep it keeps saying that the federal government is the answer all we know is not."

" Nobody -- know you're extremely articulate herself go any politician that jerk off who would -- thing Wilson. A lot of -- and -- They could find it there but should pity but rise but I'll let you know when you have."

" Limitless boasted -- Joe Wilson thing. Well I mean a case we stood up the pieces that you lie. He apologized immediately after Obama didn't take the call Rahm Emanuel called the message Obama made up speaking later and last night on sixty minutes."

" I heard Obama say accept his apology yeah why have battled on the united. He is magnets and the reason that they want him to do it before that's there's certain rules that form. In all the years of thirty years I've been in that chamber probably -- time for drugs for presidential speeches. And I had never. Ever heard anyone say anything as Reggie is that."

" Reductions -- that I'll let you respond that once again -- I want to know this argument that same speech at Joe Wilson stood up and say you live which I don't condone don't think -- should dummy either. I saw it represented Charlie Rangel sitting front and center right there there's a guy who's who basically. -- and stole money are just. Forgot to declare taxes on rental income in the Dominican Republic misplaced the 650000. Dollar interest bearing account that he had with the bank. I mean using -- rights acts so gains basically tax -- it."

" center but that's okay. That's well it's a smokescreen and -- it's like -- so much of what we talk about unfortunately as this administration is very adept at doing that have this talk about things that are really not important in the big scheme of things. Joe Wilson got very upset. This is well it was all it was not I and I also don't condone and it was not the best but sometimes people -- they listen. And the reality is let's look at what he was saying what he was saying. Is certainly what Obama was saying -- Disingenuous. At best. So was Joe Wilson sell off base with what he said not that there was nothing to subject."