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Don't know another edition of Special Report on line I'm Bret Bair if you haven't been here before here's the deal much more relaxed you can -- -- Questions comments -- the panel if you don't like the clicking sound that you -- -- all the people typing in there's a speaker button over here.
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Here's our panel we welcome N correspondent James Rosen.
And Chris style Walt Mara Liasson and children's program.
We're gonna continue with the discussion about the story of the day which is -- -- rod and her.
The back and forth what the White House has now said.
And there apologetic and the Agriculture Secretary has offered her.
Another job a different job in the administration we don't have all the details James what didn't you get in your piece tonight that you can.
And to this discussion.
Well you mentioned it on the panel discussion tonight the extraordinary statement by actually -- about Fox News today perhaps the most extreme accusation against us that has been made in this affair perhaps.
It in all of a string of affairs that we've endured over the past ten months -- so.
And -- -- a second your comments that I don't know a single person that Fox News for whom their agenda involves returning to the days when black people couldn't look at white people face it's just.
And I one thing -- wanted to point out there -- reports circulating on some blog sites that Ben jealous the president and CEO.
The NAACP was actually himself present for surely Sharon speech on March 27 which in middle of these remarks.
I've spoken in the NAACP and they -- me that he was not there and was not in the state of Georgia on that date.
Beyond that here's where I see this going this is now.
Couldn't taking off my reporter -- and putting on my prognosticators.
Had I see litigation here.
This is a woman who along with her husband has previously sued this very agency the US TA prior to time when she worked there.
They -- arrived at a at a multi million dollar settlement on behalf of themselves and others an addendum to the black farmers case that was saddled.
I 1999 the Obama administration expanded -- is asking congress for more than a billion dollars.
To pay off more settlements in this black -- case that had been going on for decades right and the Sharaud.
-- and her husband.
As plaintiffs and sort of leaders and in the in this in the lawsuit process here themselves personally were awarded about 300000 dollars for pain and suffering.
-- why she would want to accept Tom Vilsack to offer to return to this agency.
As -- GS fifteen or have you to spend her days.
In -- against racism.
For what a 100000 dollars a year.
When she could in fact sue again as she now has the White House -- on national television that that they were -- the kind of wrongful termination.
She can set and one of those interviews today I would love to sue I'm going to be talking about it she said yesterday that she was harassed by the -- -- feeling.
-- -- language it is today and it's not randomly chosen.
She couldn't won it going -- kind of Sarah Palin route minus the running shorts.
In which she goes and makes money on this deal.
You know it whereas Sarah Palin resigned as governor of Alaska because she wanted to spend her days.
Essentially making money and spreading her message in a very different and much more lucrative way I think and we will see surely -- -- do likewise.
Okay I a lot of people -- -- enough about -- but I do wanna go down the room and just see where this is going what about the he read the fire.
-- Aspect of this Christian and this White House and and how to respond to that.
So a day that was supposed to be the big W today admitted that the White House needed to turn around they got their financial regulatory reform bill signs.
They're gonna do all this stuff and what keeps coming through with this administration.
They don't have their act together they can't execute stuff they can't get it done in on a day that should have been a clear win.
Where everybody was teed up to give live live White House its moment.
Handled the Van Jones debacle wrong the first time because they did that the wrong way they panicked.
Today fired this woman and that Tizzy.
And then they blow a day at these people are supposed to be political experts are supposed to be good at controlling the message controlling the day.
And they just they stunk it up today I don't get it.
Well it's a pretty human reaction and that's it.
Common Eritrea over learned the lessons of the past and to kind of fight the last war meant that they did they began Jones -- too long.
They were right to get rid of them this time they just they were determined not to do it again but I just wanna say James certainly has very pessimistic view.
Chirac and her and her motives an inclination -- I have no I don't know anything about this woman she certainly comes across as dignified on television.
To say that she's she would rather cashing in on this I think that -- not a term I use I know I know but it sounds like you know that that she would she would.
Choose the kind of litigious route.
She apparent I would look to -- I'm going to talk about the no word yet I was before she heard from from secretary -- -- made all the difference to hear what.
Think mostly Hillary Chelsea -- -- I'm I'm certainly don't -- anyway.
-- see -- on the other side we'll have to say with any.
What this woman has been told it was kind of tonight and I -- One as prognostication that incident certainty -- happen.
And I thought I was McCain ascendancy.
My background and about any dispute -- good friend the guy I I was ready I thought.
Acquitted herself very well yesterday I am deeply disappoint.
What's that about fox -- it's gratuitous I don't know where it came from it's obviously like all of these other attacks.
Like the attacks on her where -- the evidence show us something that.
He says he's got Republicans too I mean I miss the Republican partisan juices that she says.
In that same speech that we endured eight years so unless it's in the -- here right and and we never did anything showing what the Republicans are doing because we have a black president she's a victim but she -- Blameless or false listeners but I do I'd like them to make one comment about the unforced errors -- this administration.
Unforced errors -- the moratorium on oil drilling another.
Knee jerk reaction to the gulf oil disaster of unnecessary antagonized all of these states.
Which reasoning -- today would've been a great day for the administration not -- them because of this one bill.
But it would have symbolized a year and a half.
Unbelievable achievement if -- -- liberal.
Reforming the -- of the financial system that is a major achievement.
Reforming health care we really taking it over another huge achievement trillion dollar stimulus I mean these.
Do you -- you could have announced today.
-- -- the completion of the very end ambitious and agenda and to -- Obama unlike a lot of the way he's being a pain in his Carter.
As a liberal of tremendous achievement and all of -- this sort of bizarre also but there's unforced error.
Where this day which could have been a summary of the last year and a half.
And presented -- how much the administration had done just -- was completely you've frittered away -- can.
-- -- NAACP had the entire video it was their ceremony for God's sakes.
Chris and our Chicago flash says I thought this -- -- and all racism.
Catherine is concerned she sang the -- is using the race card.
After saying she rose above race shame on her.
Other people want us to get off this you brought up financial regulation reform which was signed into law today a big deal.
-- there are a lot of people out there who don't know and I a lot of them are up on Capitol Hill -- their lawmakers.
We don't know what this is really gonna mean there are still 500 plus regulations.
That have yet to be written when you pass these big bills like health care.
It's just the start and the agencies have to write all these regs and that's -- some happening in health care that's gonna happen now now the banks are already getting used to this new environments.
And as good.
Capitalists they're figuring out ways to make money.
Even in an environment that's gonna make it harder for them to make money and some of the ways they used to if they're gonna put fees on certain kinds of credit instruments they're gonna figure out other ways to to charge for them.
I think this is a big deal I think the big remaining question about this is.
I think the most important criteria for this reform which is doesn't end the too big to fail problem.
And what it does is it doesn't it leaves plenty of institutions that are still too big to fail meaning if they -- they'll have a kind of systemic.
-- this legislation purports to do was give regulators new power to unwind them.
As opposed to making sure they don't exist in the first place which I think might have been a more fail safe.
Before the Chris the consumer protection part of this is really the thing that when I talk to Republicans.
And a moderate Democrats up on the hill they have the biggest concern about.
Well it's the one that reaches into everybody's pocket it's the one that's in everybody's life obviously is -- rightly points out.
We don't know what's gonna happen with too big to fail because now we have a VIP club of these mega banks that any one of them could fall down and and crush everybody underneath them.
But they should go across the country and people try to get a home loan -- loan.
They try to finance -- braces that there -- get there at the orthodontist.
As they do all of the little ways that credit easy cheap credit in Iraq's in the American economic life.
They're going to find that as these hundreds of new regulations are commonplace those things are gonna change.
And the problem for the administration.
Is they saw this is a big victory this is going to be a big big win.
But what it's going to end up doing is making credit more deer and it's point to make hope it's going to take money.
How -- the economy at a time where they are desperately and doing everything that they can't try to inject money into the economy so it has a bit -- -- as a bit of a snap back on them in terms of their -- About goals and James as we've mentioned many times Fannie and Freddie.
Turning that around or even reconstructing how that those two.
Big entities operate is not in here at all and and contributors to the major global financial mess that that -- -- But I think that Chris hits an important point which is that there is a secondary.
Not necessarily easily quantifiable but nonetheless palpable and potentially damning.
Effect of this and when.
When Maher tells us that right now that's scribbling sound you hear is the people writing thousands and thousands of pages of of of regulation.
In accordance with the new law both in terms of health care and now in terms of fin -- That extends uncertainty to the banks and if you don't extends an uncertainty of the banks that extends uncertainties to employers.
And therefore they will not hire until they understand what the lay of the land is gonna be for them how burdensome regulations are gonna be for them.
And therefore that will impact as Chris just noted on the unemployment picture and then potentially the election -- Jim writes in my concern -- Fannie and Freddie as a realtor we just went through giving home loans to people.
That will be in the same situation.
We found homeowners in today Charles it's a you know -- big deal you look at that the housing numbers.
Even on cable you -- yeah even online.
Probably -- it hadn't shown up so I'm not gonna get right -- put it on let me just how important.
There it's the size and scope and the uncertainty in the bill which is just it's it's already had its first time intended effect I was reading today.
That it requires the ratings agency to be responsible.
-- the ratings given on a bond the ratings and you see in a panic today knowing this is has now been an active.
Have said that their ratings cannot be used for.
The various instruments the problem is that the bonds issued by municipalities and others.
Some of them are required under the laws to have a rating on them so they have to have a rating and they can't have it and -- -- -- -- -- holding him back.
And there's now a logjam over this and this is on day one this is and it's not something that you would -- He's so obscure and complicated it was not the first scene this is just -- -- the beginning of a cascade of effects.
Which -- gonna interact with each other and -- gonna cause all kinds of consequences.
Essentially adding up to two widespread uncertainty and people holding on you we're gonna get a capital -- as a -- You know my which we already have by the way one point eight trillion dollars of -- of non financial companies are sitting on off the table.
The idea but you know there's there's something else a lot of these problems are aren't just because it's too much government -- too much regulation it's also because it wasn't enough reform for instance why.
Does the system that allows companies to pay the rating agencies and give them their products a report card that's an inherent conflict of interest that wasn't changed.
I'm for instance one of the things of people suggested is that bank should be.
Required to offer what's on the plain Vanilla mortgage in addition all the fancy bells and whistles on other products that they offer there should be just won a simple old fashioned mortgage.
And they can put that requirement.
The same thing in health care why they didn't just get rid of the tax deduction for employer provided health.
Simple reforms that could have been -- didn't didn't happen and that banks unions powerful lobbies in most cases don't you wonder -- That's that is true but -- What else is and the 2300 pages I mean even if that stuff the basic stuff is not in there it's it's pretty amazing.
-- don't think that when Democrats look back.
In a year and they say what -- we do wrong what did we do right.
One of the things I'm pretty certain that they're gonna look back and say one of the things we did wrong.
Was favoring comprehensive legislation at every term instead of doing comprehensible legislation.
And they've done comprehensive legislation on banks on health care and everything that's huge that's in the cipher bowl.
And yes it brings uncertainty and yes it creates all of these problems and yes it does all of these things that the worst part about it.
From -- -- narrow view of the political impact.
Is that voters say.
What's in it for -- I can't figure it out so it's probably designed to help a rich person or it's probably designed to help somebody.
Who's working against my interest and when you look at the polls about what people think the -- -- bill does.
-- they think it does they think it helps banks and rich people.
Not the people who are smart who read it and tell me they say that's true that -- the banks will benefit more than regular people do so this obsession with comprehensive legislation.
Has really proven to be up a political liability for the -- -- -- we talk about that Charles that the administration and the president were handing the keys over to speaker Pelosi and senator Reid at the health care.
That's -- -- came back and pieces.
It's comprehensive it's universal was widespread it has a tremendous effect on everything.
But it's incoherent and -- he did not have a couple of simple ideas like them -- suggested.
In finance you break up the big institutions and then you're not gonna have the problem.
Of systemic failure -- and so geneticists have I mean it look at it it's not an easy task but the idea is a simple way.
In in the health care you know tort reform.
This is what the two thousands of pages is now -- there's not anything of any importance on that in there and everybody who's ever been in medicine.
Who knows it's a huge.
Drawback on on the medical assistant and it's a huge.
Oh wait upon -- on -- did he delivery system nothing on that in there so it's a hodgepodge and it's incoherent.
And it's got huge unintended consequences which we're only -- learn about in the future.
Wayne and Alabama writes blah blah blah for God's sakes what about Lindsay Lohan.
Miami don't get that here in an online no sir and I'll -- com.
But we have another interesting topic Rod Blagojevich.
In Chicago choosing not to take the stand in his own corruption trial even -- saying to the media many times I'm going to get up there and talk.
And defend myself his lawyer saying oh no you won't.
But there's -- serious part of the Blagojevich case in the political implications for this White House.
Greg Craig the former White House counsel -- extensive report about how the Obama team.
Did not deal they said with the Blagojevich.
Team about the vacant senate seat saying specifically there was no contact.
But throughout this trial there have been numerous people who have the testified that in fact.
There was outreach from Rahm Emanuel the chief of a staff now for President Obama.
And even President Obama called the union leader saying I wanna talk about the Senate seat.
What about the political.
Implications of what has turned out to be a circus trial.
-- I don't foresee.
Too much reverberation from the Obama White House in the Blagojevich trial I think Blagojevich himself his so far.
Placed himself you know outside the mainstream American political life and has so.
So firmly ensconced himself in the category of buffoon.
That I don't think that anyone making serious judgments about the Obama administration is likely to refer back to.
I think however where his own narrow interest are concerned.
That he made a mistake by not testifying -- the evidence in the tapes is pretty yeah pretty damning.
To a normal -- to a reasonable listener.
His only real chance of of saving himself might have been.
Somehow to curry sympathy -- favor with.
With the jury.
I heard from an attorney represented John Mitchell and got him off in the season of Watergate on on film -- transition to a great book that we don't destroy an act simply damaged house.
-- -- Peter Fleming who was a genius criminal defense attorney in New York.
Reverend Scott Don King off the federal charges got John Mitchell -- federal charges not easy feat.
And he said to me when when he made the decision and -- gonna testify he said.
That's the one thing the jury wants to -- is the story of the -- Although that I was obvious that -- obviously think that day perhaps the prosecution didn't make their case.
Yeah -- they say -- but I do think it's a big big risk not to put in their house although.
-- the thing about the White House I agree wholeheartedly with James this is not going to hurt the Obama White House -- a matter of fact.
The mistake they made was not getting involved in the appointment of -- democratic senator because that's happens all the time the problem they -- They ended up doing it with a guy who was.
So completely off the charts.
Like rivals -- you don't by the Greg Cragg laying out the whole thing and saying we didn't talk to anybody and then testified testimony says.
A little fact that he -- an and it turns out not to be true in if he had said that they did have content with them there would have been anything wrong with that.
That was more than a little clintonian Greg Craig thing had a sort of dissembling to hear about it -- he had no contact you know what's the definition of contacted what was inappropriate and we've said we didn't do anything wrong.
And I think for the administration look.
There's a PR problem anytime Chicago politics comes -- not cool people don't wanna hear -- that's not good for the administration but you guys are absolutely right.
Joke -- you go on the apprentice with Donald Trump.
And and go and beg for your job I don't think people are gonna take your insights too seriously and I think you're also right.
If you if he would have taken the stand even then I don't know that it would have happened if it would have had some -- -- now my question is and smart people you smart people might -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And if that in that they won't be play and if that's the case then that is a big win and why can't the prosecution asked -- them.
Well the prosecution didn't want to play doesn't make they've made their case excerpt in Lagos complain a lot.
Play all the tapes you see what a great guy can somebody get -- -- telephone yeah.
We have Charles your thoughts two points one carries -- to putting a defendant on the not put an independent stand OJ Simpson worked for him.
The other -- -- Tapes but it was a glove.
And you know if it -- And -- -- effective I've never hurts the second point was.
About the email.
Blagojevich is Howard Lindsay Lohan.
I and and that's why it's not a political story easy to cut out of the caller of the writer got what they want got exactly realise because it's -- he's become such a farcical.
Then nobody attaches any importance and in fact I think in -- different climate.
In the absence of -- go close milanese axis of the the of these incidents have been popping up.
In the absence of you know upcoming election this might have been.
A bigger story if he had been serious.
You know sort of a politician on the run -- who was in the -- He kept his mouth Charlie -- can't clone it's not a political story anymore she's new on second -- you being called to a 730 -- report hit.
So we have to did you do.
What I see how it is.
Thank you very fiery tonight on the online this is supposed to be used sort of loosen hormel like a role that -- in a moment ago.
We admire you cynicism through yeah you maybe don't have Sarah Palin -- an out of this whole story that was possibly imagine.
-- looked at.
-- thank you know impressions tonight thank you for that.
Stand for North Carolina says Greg Craig use the Shultz defense we know nothing we saw nothing.
I like that.
That was mark my interpretation of that post.
Last thoughts does this story.
The shows your own story overcome this week.
What else is on the horizon.
Let's wrap it up here are.
I think it does they've put a nail in the coffin of Obama trying to say what a great.
Legislator he is and to make a point about his achievements.
I think the big story you move the lingering story it's not the number one sort of -- -- news story is the leak.
Gulf oil leak there are now reports of it's leaking in other places they gonna try to -- it.
And that is happening is gonna have an effect on the mood of the country you know obviously unemployment is that has been the biggest effect.
But as you enter an election -- -- that camera stops and it remains often and that stuff -- and spewing.
And that's symbolism is -- he's gonna help the Democrats marginally protests.
If our Democrat -- had to hope for one event I'd be hoping for that.
Yeah I agree with that other than some good jobs reports.
Which which they really need.
I think that you know what is it obviously it's not a good thing from the White House that surely Chirac is gonna -- -- become than the number one story this week however even if it hadn't happened how much of a bounce what he'd gotten out of signing the financial reform bill.
I think very little -- I mean I think.
Handle another win welcome.
Yeah but these things are big inconsequential they're just not in any way gonna help him in the short term politically because people look at the unemployment number.
What is the overriding fact.
I don't expect you get a -- diaspora and he would give him the story and -- a day no idea of a president who is not like a Carter but is a guy who did -- -- He would be his appeal to his left side of the appeal to you were me might not even tomorrow skeptical about some of these bills.
But he's it would tell his left this is a guy who's -- a lot.
Which I think is remarkable how little credit his leftist given enough or whether it's -- how much she's extend their reach in the scope and the power of government.
It's unparalleled when he gets no credit -- -- Okay Ozzie I think there are always complaining that he hasn't done enough for some issues that they care about.
I think that.
The the the measure of mature political party -- sophisticated political movement is that they can be unified disciplined.
Take some of the disappointments in stride and stay together not just fall apart -- form circular firing squads of every every actually it's less work.
Bad time for journalism rough run.
And this juror no less stuff.
And then you saw today.
With the coverage the -- matter.
Jumping on fox without any provocation claiming that fox was whipping this up other networks saying that fox was.
Playing this -- infinitum not true then you have the original sin of playing the video without context that's.
Right -- what that's just right parts of provocative tour he's Angel provides a tour online that's what he's doing he's anybody can just take that from him and put it on the air is just ridiculous then you have the -- and then the journalists stuff is just -- to have mainstream reporters saying hateful stuff about issues that they're covering.
Is bizarre to me and I wanna know when Bloomberg.
Is gonna have to stand up and say -- Capitol Hill reporters ought not have said that.
-- and then the other thing is you have this Washington Post series that they're doing on the intelligence community.
That is code written by a guy from outside of the newspaper.
Who has some vary the he -- -- views.
Of how the US defense -- -- today.
And I'm looking at all of this and I'm saying.
It's no wonder basically his front left leaning groups that were way left yet the left like US soldiers are mercenaries because they get paid to go fight as if they should go fight for free is -- the people from you know the and for what I'm seeing all this week what I'm seeing going on now is.
I don't blame people for disliking my profession as much as they do because it's a bad this is a bad time right now.
Yeah okay all wrap up here couple of quick answer sweet lady in Florida wanted an impression of James remains a sweet lady in Florida may actually be my mom she machine may be watching from Naples so if you're watching -- mom.
Mike in Virginia thinks I could be.
The actor to play blog go on the movie.
I think it's there it's I don't know.
And lately thank you very much lastly thank you very much for the congratulations on the new baby baby Daniel -- is doing greats.
His brother Paul is loving life with a little brother -- It's another thing.
Thanks for watching -- for online thank you panel I'm Bret Bair join -- Fox News Channel every weekday 6 PM eastern for Special Report control room we'll say goodbye.
Until next Wednesday.
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