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Up next on live Journal Editorial Report Obama makes it official Hillary's his.
Pick for secretary of state but we'll -- fundraising machine complicate the new administration's foreign policy plus just when you thought the election was over.
The drama continues in Minnesota -- could Al Franken steal a seat.
With the help of some senate friends and that Big Three come back to Capitol Hill making their second pitch for a bailout.
Will they get it and how much will you have to pay The Journal Editorial Report begins.
Welcome to The Journal Editorial Report I'm Paula -- go well it's official Barack Obama ruled out.
His foreign policy team this week with.
Former rival Hillary Clinton as secretary of state the announcement came after a deal with struck.
With former President Bill Clinton to disclose publicly the names of more than 200000.
Donors to his presidential library and foundation.
Here with a look at what we're likely to find on that list and how it might complicate.
The new administration's foreign policy Wall Street Journal foreign affairs columnist Bret Stephens assistant editorial page editor James Freeman.
Opinion journal dot com columnist John fund and Washington columnist Kim -- -- Well James we know that they've been raising money Bill Clinton and his allies Wally -- since 1997 for his foundation and our library what do we know about that donor list.
-- we yeah we know the money was ramping up over the last few years perhaps.
In anticipation of Hillary becoming president 1997.
129 million in revenue for the William J.
Clinton Foundation it was -- that was 201032007.
Now if you go to -- web -- of the William J.
Clinton Foundation you'll see the tax form they file with the IRS he'll see all the money what you will not see is the names of any donors and so this remains largely a mystery he steadfastly refused to release that during the presidential primary campaign despite pleas from the press and and rivals to do so that's right and when why could -- get away without.
Well I think you have to wonder well what's on that list as far as Harry got away with a right I think it's bizarre I mean one and some people might ask you why they didn't.
Disclose at that moment when it was an issue in the campaign but he's willing to narrative let -- be secretary of state.
I will find out what my hope is that these things come out soon so people can examine them before -- senate compliment him -- hit.
Having refused to do that now Barack Obama during the campaign and they nonetheless have agreed as the price of of making her secretary stay with Barack Obama doesn't Obama get some credit for.
For forcing their hand on this or -- and what do you think -- be the political implications are.
Well look I don't think that he necessarily gets cut I think -- had to be the basic level of disclosure for her to do this is an enormous thing you're talking about one of the most influential people in the world.
Setting policy and -- you don't know what the ties are with her husband between all of these different people around the world.
And that is what the the policy implications are look at -- -- And it comes out that a lot of people on this list are Arab sheiks or other.
Maybe dubious figures across the world how is that going to influence Hillary Clinton's negotiations.
With some of these big countries and that is that the big concern.
-- the potential for conflict of interest it really does exist John and we know going back to the 1990s with.
-- realities of Indonesia and the lippo group of China from the 1996 campaign.
That they they have a long string of foreign friends.
Well exactly and remember Bill Clinton has effectively been a de facto ambassador for American foreign policy these last few years.
Denigrating the Bush Administration explaining away.
America's foreign policy mistakes.
I think that what the clintons are up to right now.
Establishing themselves as a foreign policy franchise and any time that you've got these donors involved here you can have suspicions of conflicts of interest.
That is why.
I think if these names did not come out immediately and I think that what the -- -- -- is gonna try to do is pull a fast one and tried to delay release of them as long as possible.
I think it makes the confirmation hearings before the senate -- What James tell us about the Kazakhstan episode that's the one we do know about thanks to report last year in the New York Times about the trip Bill Clinton took to that central Asian nation.
And a donor with a Canadian businessman.
That's right the other Canadian businessman frank -- and I mr.
Clinton flew into town and this is certainly -- Favre went to see the president of I -- extend ourselves on news or -- of and a very -- the the longtime -- -- got a very long resolved and they are odd twist contradicting the book the position of the United States government and the position of Senator Hillary Clinton Bill Clinton endorsed.
Right after this meeting mr.
not survive and -- extend -- head this other group that promotes democracy and monitors elections.
This was seen is very bizarre at the time because this guy has run -- -- with an iron fist for twenty years crush dissent that occasionally holds an election that.
Where he wins with over 90% of the vote -- vote allegations of ballot stuffing.
What was the businessman doing on this trip well coincidentally right after this meeting he got to -- Concession basically was allowed to buy -- -- -- in state uranium mining operation it was enormous windfall for him.
And then he made a big advantage -- 231 point three million dollars go from the Canadian mining -- to the Clinton foundation we should he should add to mr.
-- extras insists that there was no connection to this this is strictly charitable contribution he's done -- letters to the editor for for the record but this is a potential.
That that exists for these kinds a conflict of interest -- how much do you think that complicates.
Obama's foreign policy.
Well I mean do -- it it will find out as as as as these names appear but it's hard to believe that they're not going to.
You know when you're dealing with the -- the United Arab Emirates where Bill Clinton is frequently.
Speeches or or potentially in places that surround.
-- -- science courses in the greater.
Middle East that's a huge that's a huge complication but I think we should also.
Stress what an actual Clinton foreign policy.
Might might look like Clinton foreign policy not an Obama foreign policy does she work for him -- I mean isn't that the idea she'd lost the election you know she works for him.
You sought to Clinton foreign policy in terms of Hillary it's also Clinton foreign policy terms of bill I think what we're seeing here is the restoration.
In terms of our foreign policy outlook of the Bill Clinton.
Years and people now look back on that on on that period and say well it was a period of peace and prosperity so it's a good thing that we're gonna go back to it.
I think it's worth reminding ourselves that during that period we were storing up a great deal of trouble with the with the with the -- feeling to go after Osama bin Laden with enough.
-- -- muscle by promoting this -- Arab Israeli peace process a lot of people are saying that she -- to the right of Obama's acting as she -- she was stuck to be more hawkish on Iran for example -- -- bring that point of -- to the administration I think what would Obama's -- has revealed -- that was pure campaign.
Positioning she thought she had a better chance presenting herself as a moderate he thought he had a better chance presenting -- as a leftist but when I look at this team that Obama has assembled.
People are saying it's a team of rivals I disagree I think it's a team of conformist these are people who believe.
In the kind of beltway establishment notions negotiate with the -- resume the Arab Israeli peace process.
Make -- put on a better face of the rest of the world so I don't I think this rivalry ideas of this fiction.
All right we'll have some fun watching all right thanks -- When we come back mayhem in Minnesota recount wind down -- both candidates claiming the -- could the US senate ultimately.
Besides the Coleman Franken race.
The Minnesota senate recount wound down this week but not without more of the drama that has come to characterize the bitter face off between incumbent senator Norm Coleman.
And comedian Al Franken the latest a hundred.
33 ballots at the Franken campaigns has disappeared and one county.
And the discovery of a 171.
New ballots in another.
With -- each campaign claiming the lead -- court challenge by the loser seems all but certain and the final stop could be.
The democratic controlled United States senate -- when this recount began Coleman was up by about 205.
Votes where does that stand now.
Well Al Franken campaign has been claiming that -- ahead but it -- there are a whole bunch of outside organizations that are doing camps in this and everybody agrees that Norm Coleman has in fact.
Increased that lead of 205 by about a hundred and ballot so he is.
Remains in the lead to their recount is now winding down and so what you see now is a strategy on the Franken that -- to to change tracks and what they're trying to do is -- suggests that there is funny business going on here to it.
To sow doubt about the legitimacy of the election they're doing this by talking about missing ballots by talking about.
A failure to count supposedly.
Valid absentee ballots -- the goal is to give them greater momentum if they go to quarter if they actually ultimately appeal to the US -- -- what about this issue of absentee ballots now there's a formal process by which these ballots are either.
Rule to be admitted as as your votes for disqualified and the AA and that's what's happened at deal on Election Day -- -- around election.
And now the -- does Franken campaign is challenging those decisions and saying let's look at those fabric absentee ballots against that's happened before -- -- -- He -- -- you know.
Felt sorry recounts are supposed to be about recounts but they are demanding here that.
That you go through even though this is these -- have been through -- rigorous process already and and include them anyway.
In Washington State four years ago.
The Democratic Party got the names and addresses and phone numbers of -- people whose absentee ballots have been rejected they went door to door and asked them who -- you -- -- vote for exactly might not voted before -- now you can vote right and if they said they voted for the Democrat they said here's an affidavit -- about it will submit it to get -- vote counted and they would for the Republican they -- have a nice day.
I think this is highly corrosive because if you're trying to inject new ballots and the contest.
You're basically taking the decision away from the voters and putting it into the court rooms with a bunch of lawyers and that's not how democracy supposed to function so we go to the courts and they fight it out if assuming Coleman is ahead after the recount and then if the courts don't admit these absentee ballots then what happens it goes to the US senate which is the ultimate decider of who sits in the senate itself and what concerns people is in 1975 there was a very contested race in New Hampshire the Republican candidate got a certificate of election from his state.
Took it the -- they said hold on there we -- have our own investigation of these ballots.
They held the seat vacant for seven months there was a hundred hours of debate six attempts at filibuster and finally everybody just gave up -- -- -- a new election.
I think that may be what Al Franken went to Washington a couple weeks ago and -- -- read about I don't Harry -- answer was but a lot of people are concerned we may only have 99 senators all right do you see this.
-- going to the US senate change means good government Minnesota.
They like to think of themselves as a clean progressive state.
I mean is this gonna they gonna really tolerate this kind artifacts.
And Lorena Harry Reid wants to define the the new congress the first hundred days of Obama with a strong arm to kick Norm Coleman out of ascendant and install Franken and that 59 votes -- -- like yeah but at a putt at the edge by definition this is only going to the senate if Franken has basically lost on the merits.
But it is determined by the people of Minnesota and infrastructure and -- machinery that is not a bunch right wingers secretary of state a Democrat.
Votes on this site commission who will decide -- so it's basically would would have to really ignore the will of the people.
You know if I were Mitch McConnell the Republican leader in the senate I might welcome Al Franken no let's run against the Al Franken Democrats and then the process that he got Chrysler likely to progress we have but -- -- Al Franken but -- year but this is a good position claiming the Obama comes -- with the -- idea of the -- of new post partisan good feeling we -- all get -- he needs -- does -- not several Republicans.
To come over to him on issues like health care perhaps an issue like cap and trade energy legislation.
That you could this poisoned the well is it really becomes ugly.
Absolutely said that you know he is he has been very careful look at what he's done so far it's all about trying to.
Unify Democrats behind -- things like -- Hillary picks but also to.
To reach out to Republicans things like the gates take -- secretary of defense so he is he's trying to keep a sound environment and come in with some good feeling.
This if it's if that Harry reworked to spend the first six months.
Working on this deceit and take out a sitting senator I -- I think that you could really -- that Washington environment immediately and I want.
This all right -- thanks -- still ahead the auto bailout take two of these Big Three buses make their.
Final pitch -- what are they asking for this time around and should they get it.
American auto makers made a fresh plea for an emergency bailout this week warning of dire consequences if nothing is done soon and all.
The Big Three car companies are asking for 34 billion dollars in federal -- with more than half of that going to General Motors which the president of the United Auto Workers Union says could fail.
By month's end without a cash infusion Holman Jenkins.
Writes the business world column for the Wall Street Journal and he joins me now welcome home.
Were you more impressed this time with the Big Three pitch on Capitol Hill than say a couple weeks ago now it was never going to be impressive you can't make intelligent strategy under the clean lengths in front of congress who just a dog and pony show.
And the essence of the thing is just terrible.
It's you know you -- you're gonna do you do a lot of cost cutting and downsizing in order to get profitable which is a good thing.
And and -- can make all these green cars that customers don't want to lose money and all of them.
-- make congress happy -- -- -- and actually get profitable way that's the essence of the plan.
So what would have to happen in order to make this work you have to get -- -- Chrysler I think.
Chrysler much overcapacity in the industry -- Chrysler is not a viable company probably could break it up -- -- to somebody.
The other thing is you have to basically free GM and Ford to have.
Workable business models know that in tragedy is that both of them have very viable auto companies inside of them that good global businesses.
They have excellent businesses in the US selling suvs and pick up -- Americans are very good profit they might they make money and a lot of their overseas markets don't think -- make money weren't -- even in the US except for the small cars that there are obliged to build to -- to fuel economy rules.
They lose tens of billions of dollars in last thirty years making cars Americans don't want.
But nobody in congress is talking about lifting these restrictions on these requirements that they build a sort of so called fuel efficient.
Sleet not only builds small cars -- fuel vision to build them in high wage UAW factories and that -- building -- -- career someplace and bring the man.
Where they might actually able to make a profit doing it and that's a version of industrial policy that did the -- existed since these rules passed in the 1970s.
And they were recently made more strict completely unmentioned in -- two rounds of hearings that have happened so far.
Not even not even come up now because it would mean congress taking some responsibility for what happened in Detroit and that's not.
Check out what they do for a minute -- -- to make a congressman you say give us money.
We'll Qaeda that they that the number that Detroit's -- -- force 34 billion now they say that that's all that would be needed but I've seen reports for example in the economist Mark Zandi who is a who's who likes the deal.
Not a bad biggest skeptic of the deal he said this would not be just 34 billion you could end up with as much as a 120.
Five billion do you think this is a one time no deal that will never end until they have viable business models right now.
We're just taking on the jobless subsidizing them for all the policy errors that you know they had no longer can survive and want to keep doing until we change the policies.
Yes so is there a better option what about the idea of the so called prepackaged.
Bankruptcy because some people are saying all right we'll give them will give you some money to tide you over.
But you're gonna have to go into bankruptcy which it would allow them to make some changes so it would -- let them make some changes and probably really good to help them -- down their dealer networks which are way too large.
You can change UAW contract affected the UAW comes back four years later and four years at that four years at that with a new contract negotiations and we'll get back every cynic -- so it's not really gonna fix things and I can and the UAW monopoly so not even a bankruptcy proceeding because it is one of the virtues of bankruptcy -- it does give you new legal freedom to be able to restructure contracts for example they could dump their pensions on to their pension benefit guarantee corporation which -- you would leave the taxpayer.
But but those will be off the books and would that help there.
Their costs are still going to bet you could to reduce the cost structure but you cannot get -- a viable business volunteer allowed to make the cars to customers want.
Enough that they'll pay the cost of building.
So what if you amid a lot of people are talking about the contrast between the Detroit auto worker contracts which is something like seventy dollars an hour if you include all -- benefits and and and historical.
Health care cost with the so called transplants these companies and in the foreign companies that build.
Cars very profitably in Kentucky and Alabama and and parts of the south where you have right to work laws that allow.
You -- don't require you to to join unions if if if you've got the union UAW down to that would would that make a big -- if they -- down to that but.
You know those companies can hire people the street over you know -- them give or take it that deal come work -- -- -- -- went area.
There's but the job is -- -- -- as long as you're bound to the UAW -- have to negotiate with him before -- they're gonna be dictating terms he wanted to take everything they can get.
So what congress is really up to hear I hear you saying is number one protect to the extent that they -- the UAW contracts and its role in the auto companies and number two.
Use US industrial -- he was industrial policy.
To congressional mandates in essence to force.
GM and the companies try to make the cars that congress want them to make but -- got to -- -- anymore because we've run out the -- -- -- now you can direct subsidies year after year to make those cars that's how it's gonna play out so and so the way we'll play at first we -- the subsidies to the carmakers and then if Americans don't like the small cars that they've been mandated to -- we get subsidies to the carbide -- already tax rebates in the law for people to buy GM's new electric car was gonna cost 40000 dollars a pop.
And it's not going to be that attracted to a -- people if gas is -- for dollar fifty people still like to drive bigger cars personnel what is is this gonna happen.
Home you something's gonna have to happen I think with the Friday jobs numbers congress is gonna feel like to do something.
Maybe it'll just be some money to -- GM over -- Obama people again and and come up with their own -- -- think they're gonna come up with something.
And I think you're probably right about that OK we have to take one more break what we come back our hits and misses of the week.
Winners and losers picks and pans hits and misses it's our way of calling attention to the best and the worst of the week Brett -- -- you.
Well you tell me if this is or hit -- -- -- German enough parliamentary report tells us the German soldiers in Afghanistan all 3500 of them.
-- one point seven million pints of the year.
Last year along with 90000 bottles of -- -- one of the few foreign.
Forces that are actually allowed to drink of course they don't do much of the fighting.
Not much of the surprise.
They also find that 40% of those soldiers are are overweight so obviously they.
Are not only barred from contributing to the fight they probably couldn't fight anyway now on the one hand this is probably bad news for NATO but taking the long view maybe not such a bad thing all right James.
Well this is really a big hit to senator Arlen Specter he's trying to help and a national tragedy we recently passed a horrific milestone more than a 100000 Americans are waiting for organ transplants.
6000 will die this year he's created to build.
This commission -- encourage more donation by giving people an -- and the.
Good for him -- It that big -- to New York city's gun laws that was the result of -- giant star receiver Plaxico Burress is facing a minimum of three and a half years in jail for that.
Crime of shooting himself in the lake and New York nightclub.
Now I'm not gonna defend his handling of a firearm but this says a lot about how silly New York laws are you know he actually had -- and a handgun permit from Florida.
But they don't moderate EA also won't -- handgun permits to non residents and this is all happening in the wake of the Supreme Court decision that struck down DC's.
The -- -- and it will probably -- New York's unconstitutional.
-- so none of this is much consolation mr.
Burris is being treated like a robber or criminal.
For the simple mistake of of caring gun for self defense my.
Defending Plaxico all right Jim thanks and have fun and remember if you have your own hit or miss please send -- -- at JER at foxnews.com.
That's it for.
This week's edition of The Journal Editorial Report thanks to my panel.
-- to all of you for watching I'm -- -- we hope to see you right here.
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