Meet the press september 28 2008

Tim Russert - Wikipedia

meet the press september 28 2008

Meet the Press is a weekly American television news/interview program broadcast on NBC. . Meet the Press logo used from September 10, to June . On September 28, , MSNBC premiered MTP Daily, a new weekday. Timothy John Russert (May 7, – June 13, ) was an American television journalist and Prior to becoming host of Meet the Press, Russert ran one of U.S. Senator Daniel .. Bill Nelson, candidates for U.S. Senate from Florida; September — in Buffalo Rep. Archived from the original (PDF) on May 28 , Click on a link below for information on Meet the Press shows. September 28, Fmr. President Bill Clinton, Steve Schmidt, David Axelrod, Rep.

We have a crowded agenda this morning. Let's go back to this business about winning in Iraq, if we can. In fact, a number of people on the Republican have--side have said that we're winning.

Here is what victory means in Iraq. It means an Iraqi government that is able to protect its borders, and it means an Iraqi government that is able to protect its people, then moves forward on its path to democracy.

This country was losing this war. Senator McCain stood up to the Bush administration, called for the firing of Don Rumsfeld, risked his political career to advocate a strategy almost by himself that has led us to the edge of victory there.

Senator Obama opposed that strategy. In the debate you heard not one time from Senator Obama the words victory. We must win this war. This country doesn't have a choice. Senator Obama's judgment on issues of security to this country, whether it's on Iraq or calling Iran a tiny threat or saying that It is, it is, it is Rumsfeld, when he didn't challenge the Bush policy, when he cheerleaded for it to then say that he was a critic of the policy.

Just not true that he didn't challenge Secretary Rumsfeld. Just a, just a, just a second. Just a second, Steve. I let you speak. I let you speak, let me, let me finish.

What has happened is, as Senator Obama predicted from the beginning, that we got distracted in Iraq and now Osama bin Laden, who was the person who attacked the United States, killed 3, American citizens, is now resurgent. And that's the result of the misbegotten decision of John McCain. It doesn't make sense. We can't take more of the same, Steve.

Gentlemen, thank you very much. I wish we could spend the rest But you're invited back, and I hope you'll make your second Thank you very much for being with us. Advertise Coming up next, we kick off our Senate Debate series with the battleground state of Colorado.

Former Congressman Bob Schaffer vs. A live debate on the Colorado Senate race plus former president Bill Clinton after this brief station break. We're back and with us to kick off our Senate Debate series, the candidates from one of the most closely watched Senate races this year. It's the battleground state of Colorado and the issues are commanding all of our attention. Let's go right to it. First of all, let me begin with you, I'm going to call you Congressman, even though you're out of office now.

Because that's the appropriate protocol. You said you didn't like anything about this bailout bill that was proposed last week.

You described it as the dead hand of government making things worse. Based on what you're hearing so far, do you like the general outlines of the program that we'll probably hear about later today? Well, that's the operative approach to the issue is that the details will come out later today, apparently. Seven hundred billion dollars being raised by a government that does not have it essentially means the Federal Reserve has to turn on the printing press in order to create the money.

It's essentially a tax. There--and what I said prior, previously, that you referenced stands. There is nothing to like about the bailout.

Barack Obama On Meet the Press Sept. 7, 2008?

It is necessary, I think, however, for the Congress to move forward in a way that reacts to the problems that Congress helped create and, in fact, led the way to creating, but to suggest that there's something to celebrate is exactly wrong.

In effect, he said it's the blind eye of government and he now apologizes for regulations as they were deregulated not working, he said that we went voluntarily and Wall Street just didn't respond to that. That put us in the jam that we're in now and all of that grew out of a Republican culture beginning with Ronald Reagan.

So isn't it time to reinstitute closer regulation of Wall Street and these financial institutions, especially in an era of warp speed and electronic trading, which is very hard to keep track of?

In some, in some areas, perhaps, with respect to transparency, with respect to certain areas of accountability, of course. But not in a way that slows or constrains the ability of the, the economy to grow.

You know, the--you can trace back, however, the--towith the legislation that was considered in and again in with respect to Fannie Mae and Freddie Mac, where there were attempts, actually led by Republicans in the Congress, to put more controls and to put more restraints on Fannie Mae and Freddie Mac. Unfortunately, the vast majority of--including Congressman Udall--opposed those restrictions and those accountability provisions, and that probably more than anything else led to the immediate excesses that you began to see over the last three years.

Congressman Udall, we've been checking the statistics in the Denver area. I'm quite familiar with it. In the second quarter ofone in every 95 households in the Denver area were in foreclosure. The United States average was one in Colorado ranked fifth in the nation statewide. A lot of that was a result of speculation for profit, people going in and hoping to make a quick buck and turn it around.

Why should other taxpayers across the country have to now bail out those Colorado mortgage buyers who just did the irresponsible thing? Tom, people are mad. My calls are mixed between people who say no and people who say hell, no. This is a real crisis that we face.

I would tell you that I think there's some principles that we have to pursue as we move towards a rescue plan not for Wall Street, this shouldn't be welfare for CEOs, but for Main Street.

And that has to include no blank check, oversight, no golden parachutes. The taxpayers have to be at the front of the line. There has to be a return on their investment, if you will. I want to correct the record. I did, in fact. I worked with Republicans to make those changes at that time.

  • You are here
  • NBC Quick Links
  • Please choose from the following options to gain full access to this content

So I've been on the leading edge of saying that this is a real problem. I would tell you what we can't do, though, and that's return to the policies that Congressman Schaffer supported and supports today, which are tax breaks for CEOs, tax breaks for companies that offshore jobs, tax breaks for the wealthiest among us, like the oil companies and other large corporate interests.

That's not true, Mark. That's not going to get us to health in our financial system. The lack of regulation--Congressman Schaffer's right, we do need more regulation. But he supported a lessening of that regulation That's not true either, Mark. And I, I think that's where we need to travel.

Those are the kind of policies we need to put in place The--you--what--you, you, you want Mark, Mark, you, you voted against several amendments. You voted against the Leach amendment, which, which would have--and this is inon this reform bill that you referenced, that would have established minimum capital levels for Fannie Mae and Freddie Mac.

That--and you were in the minority. You voted against requiring Fannie and Mae--Fannie and Freddie to sell--acquire--or acquire assets or liabilities if an asset or liability is deemed to be potentially system--a potential systemic risk to the housing market. You voted no on that. Bob, the overall package in You, you voted, you voted in Mark, Mark, Under Secretary Robert Steel said--he issued a statement on your, your vote that, that the House had, "significantly weakened a new regulator for the firms.

And along with the rest of the Democrats in Congress who were in charge in And that leads directly to the crisis we're seeing on Wall Street today Bob, this, this problem--I'm I'll let you finish. This is the result of years and years of Republican leadership, or lack thereof, in Washington; tax cuts for those who don't need it, tax cuts for the oil companies Mark, I've been out of Congress for six years.

Tell us what you've done. Finish by telling us what you've done. This is 10 years of the Bush administration You've been there for 10 years. Listen, those of us who've been back home in the private sector working hard for the last six years Bob, let me, let me, let me finish.

It is a, it is a national tragedy, and there is nothing to like about it. Let, let me finish. The fact of the matter is that the economy in the next year probably won't grow very much at all. The man who's at the head of your ticket, John McCain, says that he can balance the budget with spending cuts alone. Based on your own experience during this campaign, aren't the American people looking for more candor than that? Is that a promise that he can fulfill, in your judgment?

They're looking for candor, and I'm--and Senator McCain's certainly providing, providing. You're correct that under Republican leadership, deficits grew, and I think it has to--mainly do as a function of war. However, I was in Congress for six years. I was there from--I got electedI left in During those years, we did balance the budget. In fact, we did it four years ahead of schedule, and we did it by trimming the rate of growth in spending and specific cuts, but more than anything else, the tax cuts, which applied to middle class households and families that we helped pushed forward--Mark Udall likes to talk about it as tax cuts for the rich--for all of the homeowners at home who are middle class people, congratulations, you're rich under that definition--but we actually grew the economy faster than had been projected, we grew--we actually increased the amount of revenue coming to the federal government while we were slowing down the rate of growth in spending and reforming on a, on the regulatory side, welfare reform, for example, other reforms within the Congress that helped unleash the productivity of the economy.

We did balance the budget four years ahead of schedule, and that allowed us to start talking about surpluses to help add years to the solvency of Social Security and Medicare. So I was there during the times when we actually delivered on what we promised That was then, but now That was then, and now is now. I'm not running--I'm not running--I'm not going to carry the water for every bad decision Republicans and Democrats have made.

Look, there's lots of people in Washington who can't make a prudent decision or make a tough call on what's really a priority for the country. But when I was there, I did.

I've been back in the private sector paying these taxes and generating revenue for the country and helping to create jobs, and when I come back to Washington, I'll take all that experience with me and do it in a way that Mark, you never did in the 10 years you've been there. That's a great narrative, but go back to You cast votes for a war. You cast votes for tax cuts for the wealthy. You cast votes against You proposed votes against the declaration of war, Mark. Bob, I'm letting you get your points in, let me get my points in.

Well, be accurate, though. You need to be accurate. You cast votes against an energy policy set of proposals that would have us much closer to being energy independent today. I cast votes in favor of an energy policy.

For you to sit here and suggest that somehow you're immune from any of the criticism or any of the blame for the straits we find ourselves in is laughable. The policies of the Bush Mark, Fannie Mae and Freddie Mac didn't crash six years ago.

Bob, let me finish. They crashed this year, where you were in charge. The policies you support have led us to the day that we are experiencing today. The financial system meltdown CEOs getting welfare, this is a direct I proposed, I proposed we debate I proposed back home that we debate all of these topics We have been debating these topics all over the state of Colorado.

We're having a debate today. This is our ninth debate, Bob. And it's not going particularly well for you, because you can't rely on facts Well, I can rely on fact. Congressman Udall, let me, let me see if I can move it along in some other areas. A lot of this has to do with symbolism, obviously. He is the powerful chairman of the tax policy committee, and it turns out that he's living in rent-stablilized apartments in New York, he didn't pay taxes on a condominium that he owns in the Dominican Republican that he got with a favorable loan.

Wouldn't it be a good idea for the Democrats to step up, however popular and powerful he is, and said, "Mr.

Watch Meet the Press Episodes -

Rangel, you should step aside for awhile while we're going through this economic crisis. Everybody has to pay a penalty"? Chairman Rangel has served the country admirably and heroically.

meet the press september 28 2008

He was honored and received medals in the Korean War, Tom. The ethics process is unfolding. Congressman Rangel's called three different times for that to occur. I think it's his decision whether he steps down or not as the chairman of the Ways and Means Committee.

Would you prefer for him to step down? I think it would be helpful if Charles Rangel stepped down, but he's served the country well.

We need his expertise, and I know whatever happens, Tom, he will do right by the country. Let me ask you something, if I can, Congressman Schaffer.

meet the press september 28 2008

You said recently that the federal government is raking in a bunch of money right now on the backs of energy companies. What did you mean by that? Well, first of all, Charles Rangel admitted that he didn't pay federal taxes. If he's the tax No, I know, I know. Listen, if you're a member of the House and the head of your tax writing committee admits he doesn't pay taxes, you ought to have the courage to stand up and say he needs to go.

But secondly, with respect to--it's absolutely, it's absolutely correct that the dramatic increase in revenue for the federal government right now is a function, partially a function, of the dramatic increase in energy prices. Those prices result in the marginal tax rate on--or marginal profit rate on the energy industry generally is about 8 percent right now, so as the price climbs, that 8 percent then creates an extraordinary amount of profit.

That profit is taxed, and so you're correct. I can't remember the statistics offhand, but the windfall to the federal government as a result of high energy prices is what the government is raking in right now and not spending it particularly well. But when you use the phrase "on the backs of the energy companies," you sound like they're poor, beleaguered companies that the federal government is taking advantage of.

No, they're not taking advantage of them at all. Eight percent--an 8 percent marginal profit is not too bad in the American context today.

There are other industries that make more, insurance industry is making more, some in healthcare are making more of a marginal profit. Eight percent is somewhere in the middle of the economic performance of industry sectors. That's one of the possible motivations. That this pays off government. Congressman Schaffer's an oil and gas executive. Of course he's going to take the side of the oil and gas industry. Forty billion dollars in profits in one quarter, I think to most Americans is pretty excessive and pretty handsome.

meet the press september 28 2008

If you want, Tom, maintenance of the existing energy policy we have in this country, which is focused on oil and gas development of fossil fuels, which we do need, then you ought to hire Congressman Schaffer. If you want a comprehensive I'll change it dramatically.

If you want a comprehensive plan, if you want to throw the kitchen sink at this where we take a fresh look at nuclear and we develop clean coal supplies and we invest deeply in renewables and in conservation, we also drill responsibly, I'm going to be the senator that's going to pursue that.

I've been working on this my entire career in the Congress. Congressman Schaffer's an oil and gas exec, that's all he knows, that's what he's going to promote. Let me see if we can get to Iraq, very quickly.

meet the press september 28 2008

Congressman Schaffer, you have said a definition of success is that if Iraq on its own has security, a police department that functions, and a political and an economy that is stable, you said, "It's not going to be in the next two or three years, most likely. Or if they are, I hope that some, at some level that it's not, not involved in tactical strategy on a day-to-day basis--or not on tactical involvement on a day-to-day basis, but strategic.

But I'd hoped that we'd have American troops out even sooner. That statement you read, I think is maybe even over a year old already and it was before there was a clear indication that the surge has worked. I am optimistic, however, that we are achieving those objectives right now. I'm already talking about troop deployments, already discussing even moving up the deployments in January of possibly three brigades and moving--withdrawing three brigades.

That would allow us to redeploy them in places like Afghanistan and elsewhere where they're needed or bring them home and just save money. A year ago you said that the surge was a tragic mistake. Tom, it's time to leave Iraq. It's time to leave Iraq responsibly. Were you wrong on the surge? The surge has helped.

There are other factors in Iraq that have been helpful. There's ethnic cleansing to a great extent now that you don't hear that story. Sunni and Shia do not live together anymore in places like Baghdad. But whatever the situation was then, Tom, it's now time to leave Iraq in an honorable and responsible way.

As a member of the Armed Services Committee, I know how stretched our military is. I also know we haven't finished the job in Afghanistan and in Pakistan. Bin Laden is still at large.

I also know we have no capacity to defend our own country or to respond to any other emergencies all over the world. It's time to turn Iraq back over to the Iraqis and refocus on a tough and a smart national security policy. Very quickly, Colorado's a battleground state. Give me the numbers on November 4, who finishes first and by how much in the presidential race?

I think it's Obama 50, It's going to be 51 McCain and Obama, who believes that the surge has worked, is going to around 40, 48 or Thank you very much. The country's ready for change, Tom. Thanks very much for being with us. We'll be keeping track of this campaign, and of course, we'll be reporting the results on Election Night. The first of our series on Senate Debates.

Coming up next, former President Bill Clinton talks politics and policy and shares his thoughts on John McCain and Barack Obama as individuals and as candidates. Well, right now it isn't drying up. I think right now a lot of the kind of the people who do this work are inherently optimistic and deeply committed, and they see this, our Global Initiative and their commitment to the world and in America as a way of building confidence again.

You think that this financial crisis will be, in a way, a game changer for the American political culture.

I, I think it could be a game changer in a number of ways. Indeed, it can be said that he is the poet of all mankind. Castro was annoyed that permanent panelist and producer Lawrence Spivak would not allow him to smoke cigars in the studio. Civil Rights leader Dr. Martin Luther King Jr.

Kennedy October 16, After this interview, then-Senator John F. Kennedy calls Meet the Press the nation's "fifty-first state. After the interview, Hoffa was furious about being asked whether his insistence on dealing only in cash and keeping few records gave the appearance of impropriety. The potential Senate candidate was coached by his older brother, President John F. On the day of the program, President Kennedy delayed his departure from Palm Beach in order to watch the show, but later told his brother that he was almost too nervous to watch.

Ronald Reagan, making his first bid for public office, appears on "Meet the Press" with his Democratic opponent for the governorship of California, the incumbent Gov. Reagan appeared on "Meet the Press" seven times -- all before he was elected president. Kennedy makes his ninth -- and final -- appearance on "Meet the Press" with Lawrence E.