updated 4/20/2010 9:21:27 AM ET 2010-04-20T13:21:27

Guests: Betty McCollum, Steve McMahon, Tom Tancredo, Bill Press, Susan

Molinari, Karen Hunter, Terri Stock.

HOST:  Good evening, Americans, and welcome to THE ED SHOW

tonight from New York.

These stories have got my hot buttons going tonight. 

I‘m really, really trying to keep it down, but I‘m boiling inside.  On

the anniversary of the worst domestic terror attack in the United States‘

history, thousands of right-wing nuts decided to get locked and loaded on

the border of the nation‘s capital. 

Much more on that in just a moment. 

Republican senators are back to Waterloo.  Now they‘re determined to

kill the bill that would actually rein in Wall Street.  How could they be

against that? 

And proof that the nut jobs across the street that like to play with

TV cameras, that they‘re just a political arm for the Republican Party. 

We‘ll talk about that. 

Contributors for the so-called news channel have raised millions for

Republican candidates running in 2010.  We‘ll have the details of that. 

But I want all of you to know, I‘m not allowed to think about running

for public office without the RNC siccing their attorneys on MSNBC.  I

don‘t think I‘ll ever get over that. 

Here‘s what has me really fired up tonight—my anger.  I‘m angry

tonight. 

I‘m angry tonight because I think that these people who are on the

Potomac River are embarrassing Caucasians in this country.  I‘m upset that

we just can‘t come to grips that we have a black president and we have

black people in the Congress who chair committees, and we have people of

color in our society, the United States of America, advancing.  We should

be proud of this. 

And they‘re all a bunch of phonies, because President Obama hasn‘t

done anything to take anybody‘s gun away.  But tonight, at this very

moment, there is an extremely dangerous and toxic atmosphere in this

country. 

On the 15th anniversary of the Oklahoma City bombing, dozens of Second

Amendment rights advocates are touting their handguns and their firearms. 

They took part in a gun rights rally in northern Virginia.  I guess it

makes them feel better.  A couple of hundred more protested without their

guns on the National Mall. 

Now, hold it right there.  Here‘s the thing.  Why didn‘t they do this

in the last eight years?  Why now? 

What has Barack Obama done?  What have the Democrats done?  What have

the liberals done? 

They don‘t even know why they‘re upset.  Government takeover of health

care, is that it?  Wall Street.  OK, well figure this out. 

The Democrats want to reel in Wall Street and the Republicans are

against it.  Where do these tea bag nut jobs stand on that one? 

Former Alabama Minuteman leader Mike Vanderboegh told the crowd armed

confrontation should only be used when the government threatens people‘s

lives, but he left the door open for violence if people refuse arrest for

refusing to buy health insurance.  Vanderboegh said—and I can‘t believe

I‘m quoting this guy tonight—“If I know I‘m not going to get a fair

trial in federal court, I at least have the right to have an unfair

gunfight.”

Oh, he‘s a smart one, isn‘t he?  This is the same guy who advocated

throwing bricks through windows to protest the health care bill.  Fox News

and the hard right wing fueled all of the stupidity. 

(BEGIN VIDEO CLIP)

SARAH PALIN ®, FMR. ALASKAN GOVERNOR:  It‘s not a time to retreat. 

It‘s a time to reload. 

REP. MICHELE BACHMANN ®, MINNESOTA:  I want people in Minnesota

armed and dangerous. 

GLENN BECK, FOX NEWS:  If you don‘t get into their government health

care, there will be jail time. 

UNIDENTIFIED MALE:  Can you imagine a prison yard?  “What are you in

for?”  “Murder.”  “I‘m in for rape.”  “I didn‘t have health insurance.”

(LAUGHTER)

SEAN HANNITY, FOX NEWS:  Well, I don‘t mean to laugh, but, I mean,

this is the reality. 

(END VIDEO CLIP)

SCHULTZ:  Oh, yes.  Six idiots you can always count on. 

The conservative right is doing everything within their power to push

the low information voter right to the edge.  They‘re convinced nut jobs

like this President Obama, he‘s just a gun grabber. 

Former president Bill Clinton sees parallels between this kind of

rhetoric and the events heading up to the Oklahoma City bombing. 

(BEGIN VIDEO CLIP)

WILLIAM JEFFERSON CLINTON, FMR. PRESIDENT OF THE UNITED STATES:  When

I went back and started preparing for the 15th anniversary of Oklahoma

City, I realized that there were a lot of parallels between the early ‘90s

and now, both in the feeling of economic dislocation and the level of

uncertainty people felt, the rise of kind of identity politics, the rise of

the militia movements and the right-wing talk radio. 

(END VIDEO CLIP)

SCHULTZ:  Clinton‘s statement got “The Drugster‘s” attention today. 

(BEGIN AUDIO CLIP)

RUSH LIMBAUGH, RADIO TALK SHOW HOST:  You have President Clinton here

simply lying about a terrible tragedy, to try to chill free speech, and

libeling me and the Tea Party at the same time.  It does not get more

despicable than this, than what President Clinton is trying to do and how

he‘s being aided and abetted by government-run media. 

(END AUDIO CLIP)

SCHULTZ:  Rush, there is no such thing as government-run media, and

you know that. 

“The Drugster,” Bachmann, Palin, see, they want you to believe that

government is the problem.  All of the hate merchants on the right, they

just love these guys protesting with their guns.  That‘s really what they

want America to see. 

See, they‘re the base.  They‘re old.  They‘re angry.  They‘re white. 

They‘re scared.  They‘re misinformed. 

They watch Fox.  They live in the bullet-point culture. 

Let me give you something real easy to understand here tonight, if

you‘re watching, you righties.  Barack Obama has an F rating.  Meaning

fail, suck, bad.  An F rating from the Brady Campaign Against Gun Violence. 

Now, I want the informationally-challenged voters to listen very close

to me when I say this tonight, that President Obama does not want your gun,

and I think you should understand that.  He hasn‘t proposed a single thing

that would infringe on your Second Amendment rights. 

Not one.  Not one thing. 

The more people that buy into this anti-government nonsense coming

from the right, the closer we‘re going to get to another Oklahoma City.  If

we face another anti-government attack like the one we saw 15 years ago, I

think that we could spiral out of the control. 

There could be a lot of civil unrest in this country for no reason,

only because we in the media seem to focus on this.  And I‘m doing it. 

I‘m doing it because I think that they are irresponsible across the

street.  I think that they just have a dartboard mentality.  They just

throw it up there and if it sticks, let‘s run with it. 

And they are playing with the emotions of a lot of Americans out there

who are easily misguided, who are challenged by so much information that‘s

out there.  There‘s a lot of people in this country that don‘t do very well

in this information age.  They become overwhelmed and they want to take the

easy route out, and they just want to accept a little bit of information

and live by it. 

I guess today we call it the two-word culture.  It‘s kind of scary

stuff, isn‘t it? 

We have a society today that‘s reading less.  We have a society today

that doesn‘t think it‘s important to have all the facts. 

Last week I repeatedly on this show talked about the number one cable

guy over there, and in all of cable, Bill O‘Reilly, that he just couldn‘t

let his ego get out of the way.  He was flat-out wrong.  His own people

called him on it but he didn‘t back down.  Hell, he came out and made

another story about it. 

What does that tell you about responsibility in broadcasting?  What

does it tell you about responsibility of making sure we have the facts? 

For some reason, we just can‘t divide the facts from commentary

anymore.  We mix the two up so much that we‘ve got people with their guns

on the Potomac River trying to make a statement, when the president of the

United States and his administration hasn‘t done one thing to take away

your firearm. 

And for some reason, the left—and I‘m a lefty, I‘m a strong lefty -

I get the hate mail, I get the targeted phone calls, I get all the stuff

because I‘m willing to say that I think Michele Bachmann is irresponsible. 

And I think Sarah Palin is flat-out stupid.  Just because you know how to

make a lot of money in this country doesn‘t mean you got the brains. 

And I just feel good about the fact that I was angry to start this

broadcast and I feel better now because I‘m calling them out on it.  And

just so you know, since we‘re measuring everybody‘s gun, I hunt and fish

more than any of them. 

I have property out in the Great Plains.  My sons would go crazy if I

said we‘re selling the land and we‘re not hunting anymore.  See, it‘s part

of our culture. 

And it‘s kind of a family thing.  Not once has Christian (ph) or

Joseph or David ever said to me, “Dad, Obama wants to take our guns.”  They

know better.  They know better. 

Why is it that there are some people that know better and some people

that don‘t know better?  Why is it that some people have a hard time with

what really is happening out there?

What‘s happening out there in America is that we are fed lies every

day.  There‘s a difference between debate and lies.

O‘Reilly fed lies to his audience last week.  And he probably beaucoup

ratings for it.

I will say this, that I believe that the Tea Partiers are misguided. 

I think they‘re racist, for the most part.  I think they are afraid.  I

think they are clinging to their guns and their religion.  And I think in

many respects, they are what‘s wrong with America.

And sometimes I think we, the media, we are what‘s wrong with America

because we cover them.  We covered 3,500 people that showed up in

Washington, D.C., last week for the Tea Party.  And that‘s supposed to be a

huge story?

It‘s out of whack.  It‘s absolutely out of whack.

Get your cell phones out tonight, folks.  I want to know what you

think about some of the things that are happening in the world.

Do you worry that anti-government rhetoric will lead to domestic

terrorism?  Text “A” for yes, text “B” for no to 622639.  I‘ll bring you

the results later on in the show.

Joining me now is Minnesota Congresswoman Betty McCollum.  She had the

courage to call out her colleague, fellow Minnesota lawmaker Michele

Bachmann, for her inflammatory rhetoric.

Congresswoman, good to have you with us tonight.

REP. BETTY MCCOLLUM (D), MINNESOTA:  It‘s great to be with you, Ed. 

Thank you for covering this very important topic.

SCHULTZ:  What do you have a problem with Michele Bachmann for?  What

has she said that you think is out of line and needs to be straightened

out? 

MCCOLLUM:  Well, I have a problem with any legislator, any member of

Congress who doesn‘t stick to the facts when we‘re having a debate on the

House floor and who turns to inflamed rhetoric and name-calling rather than

keeping civility in a debate.  You know, the people expect us after we‘re

elected to go up there, respect one another, and work towards a common

good.  And when you‘re name-calling, when you‘re not using the facts, it‘s

a little hard to work together for the common good.  And that‘s what the

people want us to do. 

SCHULTZ:  I‘m a Minnesota taxpayer and I‘m not in her district. 

Collin Peterson, who was a turncoat on health care, he‘s my congressman in

the 7th District.  She wants all Minnesotans armed and dangerous. 

How am I supposed to take that?  I‘m a Minnesotan, and she wants me to

be armed and dangerous.  What do you think of that?

MCCOLLUM:  I thought that was inflamed rhetoric, and it did—it

scared a lot of people.  And there are some people who are very much on the

edge.  And when they hear elected officials speak that way, it causes them

great concern.  And so that kind of rhetoric coming out of an elected

official is not helpful in engaging people in a thoughtful debate about

what was taking place with health care. 

People in our party—Tea Party people who came in and said, I don‘t

want the government providing any kind of health care at all, I want the

government out of health care, and then people—we‘d engage them in

questions and say, “Well, how do you feel about Medicare?”  “Oh, I like

Medicare, but I don‘t want the government to be involved in it.”  Where

people who had been given misinformation, and that sometimes it‘s coming

from elected leaders in this country, and that‘s wrong. 

SCHULTZ:  Congresswoman, good to have you with us tonight.  I

appreciate your time tonight.  Thanks so much. 

Joining me now is Democratic strategist Steve McMahon. 

Steve, at this point, how do we tone it down? 

STEVE MCMAHON, DEMOCRATIC STRATEGIST:  Well, you know what?  That‘s a

really good question, Ed. 

You know, obviously, you can‘t pass a law to tone it down, although

you certainly can pass a law that prohibits someone from yelling “Fire!” in

a crowded theater because of the damage that it causes.  You can pass a law

that prevents people from inciting riots if you can determine that‘s that

what they‘re doing. 

The problem here is that people are using political speech in a way

that‘s incendiary, and that encourages the kind of behavior, frankly,

that‘s no different than the kind of behavior that was encouraged in

Oklahoma City by Timothy McVeigh and the people around him.  And that is so

dangerous every single day all across America. 

The reason people walk into schools and open fire is because of

rhetoric like this and because of attitudes like this.  The reason people

walk into military bases and open fire is because of rhetoric like this and

attitudes like this.  Really, what they‘re doing is not that much different

than what Osama bin Laden is doing in recruiting people and encouraging

them to hate America. 

SCHULTZ:  And what should the president do?  How should he handle it

at this point?  No other president‘s had to put up with this. 

MCMAHON:  No other president‘s had to put up with it.  And I think

what the president needs—I mean, the president signed a law that

permitted these people to go to a federal park with their guns and protest. 

The president‘s administration provided the security that enabled them to

do it safety. 

This president, as you pointed out earlier, has nothing against the

gun rights of Americans, but these people are not really about gun rights

either.  They‘re angry, they feel like they‘re losing their country.  And

they say that they want their Constitution back, but they were there today,

able to protest with their guns, because they have their Constitution

already. 

SCHULTZ:  Steve, great to have you with us tonight.  I appreciate your

time.  Thanks so much. 

MCMAHON:  Thank you, Ed.

SCHULTZ:  Coming up, it‘s hard to outdo today‘s antics, but Tom

Tancredo has found a way to up the ante.  He just told a bunch of Tea

Partiers we should “send President Obama back to Kenya.” 

I‘ll go head-to-head with him at the bottom of the hour.  We need this

discussion. 

And when they‘re not getting paid to lie on the right-wing network,

“Caribou Barbie,” “The Newtster,” “Turd Blossom” and “Slick Rick,” well,

they‘re just raising millions of dollars for their own political action

committees. 

All that, plus I‘ll show you a back-to-back hole in one in the

“Playbook.”

And “The Drugster” is going to go up in smoke in the “Zone.”

And we are debating the black agenda tonight here on THE ED SHOW.

Stay with us.  We‘re right back. 

(COMMERCIAL BREAK)

SCHULTZ:  Welcome back to THE ED SHOW, and thanks for watching

tonight. 

The Republican Party again is showing that they‘re firmly on the side

of the Wall Street fat cats.  All 41 Republican senators have signed a

letter opposing the financial regulatory reform bill.  Democrats are set to

bring the bill to the floor this week, so we‘ll see if the Republicans will

stick together and mount a filibuster. 

Senate Banking Committee Chairman Chris Dodd doesn‘t think they‘ll do

it. 

(BEGIN VIDEO CLIP)

SEN. CHRISTOPHER DODD (D-CT.), CHAIRMAN, BANKING COMMITTEE:  As I read

the letter from the Republican leaders, the words about filibusters were

not in that letter.  They expressed opposition to the legislation.  And,

look, in light of events over the last week or so, again, where the SEC is

now moving on actions here, the Lehman Brothers problems, I don‘t really

believe Republican members want to be in a position where they‘re talking

about filibustering a bill that would allow us to address those issues. 

(END VIDEO CLIP)

SCHULTZ:  For more, let me bring in NBC‘s Kelly O‘Donnell on Capitol

Hill tonight. 

Kelly, is there any climate for cooperation on this?  What do you

think? 

KELLY O‘DONNELL, NBC NEWS CORRESPONDENT:  Well, some of the calmer

voices here, Ed, seem to indicate that there might be a chance, that there

are some conversations between Democrats and Republicans, behind the

scenes, looking for ways to maybe make changes to the bill before it would

come to the floor that might satisfy some of these concerns. 

Now, Democrats will tell you there are a lot of Republican ideas in

the Dodd bill.  But most Republicans that we‘re talking to—in fact, all

of them—say they are united in their opposition to the bill in its

current form. 

They say you‘ll hear from both sides everyone wants to say that they

believe Wall Street needs some reform and the financial institutions need

to be changed, and that the public has to be protected.  It‘s all about

how. 

Now, the politics involves a lot of strategy, and the Republicans are

united at the moment to try to stop this bill from coming to the floor. 

And part of the reason for that is if it were to get to the floor, debate

begins, amendments could change it.  The difficulty is once substantial

disagreements exist about a bill, it‘s very hard to make the changes once

it gets to the floor.  So Republicans really want to try to work out

anything they can before that point. 

SCHULTZ:  Yes. 

O‘DONNELL:  As you heard Chris Dodd say, the Goldman Sachs issue has

come up, and there are people on both sides saying that that shouldn‘t be a

part of this, not to politicize that and this legislative action.

SCHULTZ:  What is the Democratic reaction to the bullet points that

are being thrown out that this is a permanent bailout?  Does that get them

boiling under the collar? 

O‘DONNELL:  Well, Democrats really get upset about that, because what

they say this would do, it‘s a $50 billion fund that would be fueled by the

financial institutions.  They would put in the money, and if some future

bank or financial company gets into big, big trouble, it could be

liquidated with some of that money. 

Now, here‘s where it gets interesting.  The White House doesn‘t really

have a strong feeling about this fund.  They could kick that aside. 

We‘ve been told that Secretary Geithner has told Republicans he‘s not

in favor of the $50 billion fund.  And Republicans have called it a bailout

fund that would create a culture of permanent bailouts. 

Democrats say that‘s just not the case.  And even today, one

Republican, Bob Corker of Tennessee, said that he also does not believe it

would create a permanent bailout. 

So there is disagreement within the parties, within both parties, over

how this kind of a fund should be used and what precedent it might set.  So

it‘s a big issue because so much of the bailout fatigue is behind all of

this need to make changes on Wall Street. 

SCHULTZ:  Kelly, thanks for joining us tonight.  Appreciate it. 

O‘DONNELL:  You bet. 

SCHULTZ:  Coming up, holy smokes.  I think “The Drugster” has been

breathing in some of that volcanic ash that‘s floating across the pond. 

He‘ll erupt all over the “Zone,” next.

(COMMERCIAL BREAK)

SCHULTZ:  And in “Psycho Talk” tonight, you educated geologists,

you‘ve got to listen up to this one. 

“The Drugster” has a new theory about the reason behind the volcanic

eruption in Iceland.  It‘s a very highly scientific reason as well.  He‘s

blaming it on the health care bill. 

(BEGIN VIDEO CLIP)

LIMBAUGH:  A couple days after the health care bill had been signed

into law, Obama ran around all over the country saying, hey, I‘m looking

around.  The earth hadn‘t opened up and no Armageddon out there.  The birds

are still chirping. 

I think the Earth has opened up.  God may have replied. 

This volcano in Iceland has grounded more—I mean, airspace has been

more affected than even after 9/11 because of this plume, because of this

ash cloud over northern and western Europe.  Earth has opened up.  I don‘t

know whether it‘s a rebirth or Armageddon. 

(END VIDEO CLIP)

SCHULTZ:  So, by “The Drugster‘s” logic, God is mad about the health

care bill the president of the United States signed into law. 

What, he thought he‘d show his wrath by sending a massive cloud of ash

over Europe?  Nice try, Drugster. 

But a good conspiracy theory should at least have a whiff of reality. 

The guy hiding in the basement wearing a tinfoil hat isn‘t even buying this

one.

Saying that the Icelandic volcanic eruption is God‘s reaction to

health care reform is “Psycho Talk.”  

Coming up, given that it‘s the 15th anniversary of the Oklahoma City

bombing, I don‘t understand why anybody would think it‘s appropriate to

hold an anti-government or pro-gun rally on this day.  I‘m talking to the

woman who put it all together coming up later in the show. 

Plus, Tom Tancredo thinks that we should send President Obama back to

Kenya?  We‘re going to talk about that in just a moment, for sure. 

And two regular dudes outperform Tiger by crushing one in 17 million

odds at the tee box.  That‘s coming up in the “Playbook.”

You‘re watching THE ED SHOW on MSNBC.  Stay with us.

(COMMERCIAL BREAK)

SCHULTZ:  Welcome back to “The Ed Show.” Thanks for watching tonight.

There seems to be a pattern of conservatives spewing hate than playing

dumb. Like when Sarah Palin claims the media just doesn‘t understand what

she means when she says it‘s time to reload. Well, I‘ll tell you exactly

what we mean when we talk about irresponsible rhetoric. It‘s telling an

angry and uninformed crowd absolute lies. Like fueling the lie that the

President of the United States wasn‘t born in the United States. Former

Colorado Congressman Tom Tancredo who will join me in just a moment spoke

at a tea party rally in South Carolina over the weekend, this is what he

said to the crowd. “If President Obama‘s wife says Kenya is his homeland,

why don‘t we just send him back?” Maybe it was just a joke, but here‘s the

reality. 59 percent of tea partiers won‘t say President Obama was born in

the United States. If you don‘t believe the president was born in the

United States then you can‘t believe he‘s the legitimate leader of the

country, can you? Rhetoric like this and rhetoric that‘s being tossed out

there is really, I think, asking for trouble.

Tom Tancredo joins me now, former Congressional member from Colorado.

Congressman, what did you mean by that? I want to give you a chance to

clarify it. Were you just making a joke? Do you really think President

Obama ought to go back to Kenya?

TOM TANCREDO, FORMER GOP CONGRESSMAN:  First of all, I am a little bit

disappointed, Ed, I have to tell you because I think Rush beats me out all

the time on your “Psycho Talk.” I mean, what more can I say?

SCHULTZ:  I have to tell you—you know, we are exhausted in the

office day after day trying to determine whether it‘s going to be you or

Limbaugh or Beck in “Psycho Talk.” And I‘m sorry you‘re getting your ass

kicked by those two guys but they‘re off the charts.

TANCREDO:  I‘m trying. I‘m fighting back. I‘m fighting back.

SCHULTZ:  I still consider you at least somewhat reachable. Okay?

TANCREDO:  Okay. All right. So let‘s go to this. Now, look, many, many

times with many, many presidents or actually people holding office at

various levels someone will say, let‘s send these guys home, you know?

Meaning at the end of their term, let‘s vote them out. Send Bush back to

Texas, send Carter back to Georgia, Clinton back to Arkansas. I was talking

about sending them home and I said, if home is where Michelle Obama says it

is, which she said it was Kenya, who am I to argue with her? You know,

she‘s the one determining. You should be yelling at her for bringing this

up because I‘m just referencing what she said.

SCHULTZ:  Tom, I have to tell you I think that‘s a racist remark.

President Obama is an American. He was born in Hawaii. And you know he was

born in Hawaii.

TANCREDO:  I didn‘t say he wasn‘t born in Hawaii.

SCHULTZ:  His roots may have come from Kenya but sending him home, he

is home, Tom. You‘re leaving the impression—

TANCREDO:  She says home.

SCHULTZ:  -- that Barack Obama, this is not his home. Fueling the

rhetoric, is it responsible—

TANCREDO:  Ed?

SCHULTZ:  Yeah.

TANCREDO:  It could be, you can take this in a variety of ways. You

can say she was just referencing—when she said this, Kenya, is his

homeland or home country, you can say, well, she probably meant it in terms

of where he was, I guess people who are the, quote, birthers—

SCHULTZ:  You know what you‘re inferring, Tom. You know exactly what

you‘re doing.

TANCREDO:  Or you can say she was talking about where he is, you know,

spiritually, emotionally.

SCHULTZ:  Oh, come on.

TANCREDO:  Whatever it is, it‘s not America.

SCHULTZ:  Tom, you know what the climate of the country is right now.

TANCREDO:  She should have said his home is America.

SCHULTZ:  What you said is irresponsible. It wasn‘t fair.

TANCREDO:  She shouldn‘t have brought it up.

SCHULTZ:  Look, it‘s what you made out of it.

TANCREDO:  You should be yelling at her, not me.

SCHULTZ:  Let me ask you this about the tea party movement. It‘s race-

based, isn‘t it?

TANCREDO:  No. It is not.

SCHULTZ:  Okay. So the hatred for President Obama has nothing to do

with the tea party?

TANCREDO:  I think you guys on the left are totally engulfed in this

concept of racism. Everything to you is racist. Nobody can say anything

without you throwing that back at people and really I have to tell you if

you guys are only thinking about everything that is said in terms of racial

terms you are racist, not me, not us.

SCHULTZ:  Tom, you know, I‘m thinking about—

TANCREDO:  These issues are not race related.

SCHULTZ:  I‘m thinking about Congressional members who are civil

rights icons, Mr. Lewis who was called the “n” word, Congressional members

spit on, Congressional members having stuff thrown through their window,

bricks after being advocated by tea party nut jobs out there.

TANCREDO:  How much of it was proven?

SCHULTZ:  It was all proven. You know it was. That‘s a hoodwink in the

world. It was proven.

TANCREDO:  It was not.

SCHULTZ:  Why to you associate yourself with these people?

TANCREDO:  Because firsts of all I‘m telling you, these people—even

the way you say that I think is—that‘s what I‘d call bias or racist.

What do you mean these people? These people are Americans. They were there,

by the way, in every color, shape and size.

SCHULTZ:  They weren‘t in every color. That‘s not true.

TANCREDO:  Well, they were—

SCHULTZ:  Come on, now. Even Bill O‘Reilly said last week at the

national conference he said it is a white movement. It‘s a white movement.

TANCREDO:  I didn‘t see you there.

SCHULTZ:  Yeah. Okay.

TANCREDO:  I didn‘t see you there. I‘m sorry. I must have missed you.

I guarantee you there were plenty of people there of various colors.

SCHULTZ:  Do you have a problem with people of color? People of color.

Do you have a problem with people—

TANCREDO:  No, I do not, absolutely not, Ed. None whatsoever. I know

what‘s in my heart, buddy. I know what motivates me. I know why I say the

things I say and do the things I do and I guarantee you there is nothing

that motivates me based on some sort of racial idea. It‘s not race-based.

Issues matter to me. Issues matter to me. And because I argue them and

because I bring them forward and the president is black. That‘s got

absolutely—I‘ll tell you what. If this guy, if he was a conservative my

car would be covered with pro-Obama stickers. I want a conservative. I

argue with liberals and I don‘t care what color either one might be.

SCHULTZ:  Tom Tancredo, good to have you on the program tonight. I‘ll

try to work you back into “Psycho Talk” a little bit more.

TANCREDO:  I‘ll do my best, buddy. I‘ll do my best.

SCHULTZ:  Let‘s get rapid fire response on these stories. More proof

Fox News is a 24 hour political commercial for the GOP. Fox contributors

have raised millions of dollars to help Republicans in the midterms and

getting TV time.

Former President Bill Clinton says the midterms won‘t be as bad as

1994. He thinks Democrats will hold on to both houses of the Congress.

And a new poll shows Arizona Senator John McCain with a razor thin

lead over tea party nut job J.D. Hayworth. I‘m just kidding. That‘s a

little hard on him. He‘s just a little misguided politically. With us

tonight is Bill Press, nationally syndicated talk show host., and Susan

Molinari, former Congresswoman and Republican strategist. All right, Bill,

how come I can‘t raise a bunch of money for the Democrats here on MSNBC,

but they can raise a bunch of money for the Republicans across the street?

What‘s happening here?

BILL PRESS, NATIONALLY SYNDICATED TALK SHOW HOST:  I think the real

answer is the federal commission is asleep at the switch. Fox is a

political organization. I used to be chair of the Democratic Party. They‘re

doing everything I used to do as state chair. Recruiting candidates,

sponsoring events, speaking at events, registering votes and we know

they‘re raising money for candidates. Their people own their air. It is

against the law. You can‘t do that if you‘re on television.

SCHULTZ:  Rupert Murdoch is operating against the law?

PRESS:  The whole Fox News is I believe. Those people who are paid,

Fox contributors raising money for candidates you can‘t do that.

SCHULTZ:  All right.  Susan, let‘s take a look at the numbers. You‘ve

got Newt Gingrich out there on just about every night on Fox. He‘s raised

$14 million. You‘ve got Sarah Palin‘s Sarah Pac, $2.5 million. Huckabee has

his own show, he‘s raised $1 million. Santorum‘s America foundation Pac,

$1.2 million. Isn‘t the mission of Fox News and these people to give a

strong foundation to the Republican Party? Do you see it differently?

SUSAN MOLINARI, REPUBLICAN STRATEGIST:  I think if we had to look and

say does Fox News lean toward the right? Of course it does. Does MSNBC lean

toward the left? Of course it does. Look at how many shows MSNBC has on

every night that does nothing but hammer the Republican Party, the tea

party and everybody else you mentioned there. They also employ a

significant amount of people who work for Democrats who now are—

SCHULTZ:  I don‘t disagree with you on that. I can‘t speak for the

other hosts. I‘m a progressive. I‘m a lefty. There are some Republicans I

like. You‘re one of them.

MOLINARI:  Thank you.

SCHULTZ:  You know, the fact is that but I‘m not out there raising

money and I‘m not out charging tickets for tea parties for candidates and

everything else. What‘s the mission of Fox News?

MOLINARI:  Here‘s why I don‘t have a problem with this. People know

this. This is transparency. People who watch that—the TV show, who watch

Huckabee they know Sarah Palin, they know Newt Gingrich when he gets on.

They know the spin they‘re going to get from him. That‘s why they‘re tuning

in.

PRESS:  Susan, the distinction is it‘s not just expressing an opinion.

It‘s doing political activity, organizing events, speaking at events,

sponsoring candidates and raising money for candidates. That‘s political

events. CNN is not doing that and MSNBC is not doing that.

MOLINARI:  Except with the exception of Mike Huckabee the rest are

paid contributors.

SCHULTZ:  They‘re on a payroll.

PRESS:  They‘re on the payroll.

SCHULTZ:  They‘re on the payroll. Let‘s go to the next subject. Bill

Clinton says this about the upcoming midterms about who‘s going to hang on

to the house and Senate. Here it is.

(BEGIN VIDEO CLIP)

FMR. PRES. BILL CLINTON:  I think the outcome of the election is

likely to be far less dramatic than it was in ‘94.

UNIDENTIFIED MALE:  So no Republican revolution, no takeover?

CLINTON:  I don‘t think they will win either house. If history is a

guide, they should make a few gains.

(END VIDEO CLIP)

SCHULTZ:  Susan Molinari, what do you think about that comment?

MOLINARI:  Well, shocker. President Clinton said the Republicans

aren‘t going to win the majority. I was trying to go back. I‘m sure the

night before the election in 1994 he said the same thing. Look, it is a

long time, you know, between—to those of us who have lived this cycle

after cycle. It‘s a long time between now and November. The truth is if the

election were going to be held today because of the way we‘re polling in

generics right now where typically the Democrats including in 1994 in the

generic balloting before the election the Republicans were down. The

Republicans are up.

SCHULTZ:  What about that, Bill?

PRESS:  President Obama is at 40 percent. Where we are in November I‘m

not going to forecast. Today we would win.

PRESS:  Susan, I might have agreed with Susan in December. I think you

missed the boat on this. With health care now the law of the land, with

Wall Street reforms, they‘re going to come, Ed. Jobs are now, we‘re growing

jobs. We‘re not losing jobs. The economy is coming back what‘s happening

with the Dow.  I think all the momentum is in the Democrat‘s favor.  Bill

Clinton is right. Democrats are going to lose some seats. They‘re going to

hold on to the house, hold on to the Senate. Here‘s the best part.  John

Boehner and Mitch McConnell will be out of a job.

MOLINARI:  The Democratic incumbents are still below 50 percent. That

has to give the Democrat Party pause after everything you said has given

them momentum.

SCHULTZ:  Let‘s go to Arizona and all of a sudden John McCain, the

turtle in political—he doesn‘t move very fast. He is ahead of Hayworth

by 47 percent, 42 percent. What do you make of that, Susan?

MOLINARI:  I think, you know, there‘s some disruption in terms of the

anti-incumbent feeling out there hitting both Republicans and Democrats.

Harry Reid, we can see that. I think John McCain‘s going hang on. I think

he‘s been through tougher battles. Obviously personally and professionally.

SCHULTZ:  Going to hang on, Bill?

MOLINARI:  Let me say one more thing. He‘s got Sarah Palin. If you‘re

worried about tea party people turning on an incumbent, the fact he‘s the

person who introduced Sarah Palin will help save him.

PRESS:  Here‘s what‘s disturbing.  In January McCain was ahead 53-31.

Now he‘s barely ahead.  He‘s within the margin of error.  I‘ll tell you

what Ed.  It makes me want to go to Arizona and walk precincts for John

McCain.

SCHULTZ:  Bill Press, Susan Molinari good to have you with us tonight. 

Thanks so much.

Coming up, a staggering 16.5 percent of African-Americans do not have

a job. The old white angry tea party thinks President Obama does too much

for the black community. I‘ll explain my vision for the black agenda next

in the “Playbook.”  Stay with us.

(COMMERCIAL BREAK)

SCHULTZ:  It‘s not too late to let us know what you think. Tonight‘s

text survey question is, do you worry anti-government rhetoric will lead to

domestic terrorism? Text “a” for yes, “b” for no to 622639.

(COMMERCIAL BREAK)

REV. AL SHARPTON, NATIONAL ACTION NETWORK:  We‘re in a new century

with new circumstances and we need a new conversation that leads to

tangible results. We must hold everyone accountable from government to our

own institutions. We must be accountable from the white house to your house

and my house.

(END VIDEO CLIP)

SCHULTZ:  Reverend Al Sharpton introducing a panel discussion on black

leadership in his national action network conference over the weekend. Here

at MSNBC we devoted time to debate the black agenda yesterday with a

special on the network talking about what the agenda should be and whether

we should be one of the first to step forward and talk more about it.

In tonight‘s “Playbook” I want to continue the discussion, first let

me give you a few statistics. 50 percent of African-American students fail

to graduate high school on time. 16.5 percent of African-Americans are

unemployed and 24.7 percent live in poverty. 24.7 percent live in poverty.

Furthermore, blacks are six times more likely to be incarcerated than

whites. Meanwhile a recent now “The New York Times”/CBS poll found 25

percent of tea partiers say the administration favors blacks over whites,

just 11 percent of the general public thinks so. The fact is we‘re quick to

throw money at Wall Street and tax dollars at tax breaks at corporations

but for some reason we are reluctant to make specific targeted gains for

the black youth of America. I think President Obama can have a profound

impact on the youth of this country if he develops a targeted set agenda

with targeted goals for black Americans.

Joining me now, journalist and publicist Karen Hunter. Thanks for

joining us yesterday on our special on MSNBC. I appreciated your work and

also Tamron Hall anchoring with me, was just absolutely outstanding.

KAREN HUNTER, JOURNALIST:  As were you.

SCHULTZ:  Do you see it the way some Americans see it? What I just

said?

HUNTER:  I mean, I hate statistics and I hate when you round

statistics out because they become self-fulfilling prophecies in many ways.

If you can‘t pull up yourselves by your boot straps, if you don‘t have any

boots that you can create them because that‘s been our history in this

country. We‘ve always found a way to do it. Most black people I know don‘t

want a handout from the government. They know that if we pool our resources

we can get it done together. Every time we do these black agenda things,

we‘ve been doing them now—

SCHULTZ:  Wall Street got a handout. Wall Street got deregulated.

HUNTER:  Absolutely. They should not have.

SCHULTZ:  It seems that we‘re quick to do something like that but when

we have a serious number and lives are being affected why not have a black

agenda?

HUNTER:  We should have a black agenda. I think it should start as

reverend al said in the homes first. If we‘re being honest, there are a lot

of moneys already poured into the school system. That‘s not why kids are

not passing and are dropping out. In New York City we spend almost $14

billion on the school system and most of that money goes to the inner

cities. We can‘t see it‘s a money issue. If we throw money at the problem

it‘s going to fix it. It starts, why aren‘t people reading to their kids?

Libraries around this country are empty. There are books everywhere, turn

the television off for an hour or two and devote time to make sure your

children are reading.

SCHULTZ:  What is the political downside if the president were to say

we have to do something for African-Americans and focus on this?

HUNTER:  He was elected President of the United States. Most African-

Americans who voted for him understood he was not going to be the black

president, you know, which unfortunately that memo didn‘t get to the tea

party members. We recognize he‘s here for all of us. If we‘re really being

honest, Ed, this kind of thing divides us more than it brings us together.

We‘re all Americans. We should all be working to make sure all Americans

have health care. That—

SCHULTZ:  I agree with you there, Karen. I think our ignorance divides

us because I think—I think white folks in this country are afraid to

admit that we did what we did. We are where we are. And for some reason we

have this complacent attitude that, ah, it‘s just numbers, don‘t worry

about it. This is our inner cities. We‘re quick to throw resources overseas

to Iraq and Afghanistan and third-world countries that need financial help,

but for some reason we‘re afraid to step up and say we need a serious

agenda that is going to help Americans who are struggling right now. That‘s

how I see it.

HUNTER:  I can‘t disagree with you, but there‘s a series—needed for

all Americans who are struggling. Not just black Americans. If we start in

the homes with ourselves and fixing things we can fix we wouldn‘t have this

big problem with these numbers.

SCHULTZ:  Karen, come back later in the week. We want to talk more

about this.

HUNTER:  I‘d love to.

SCHULTZ:  I appreciate your time. Karen hunter accomplished Pulitzer

Prize winning journalist here on “The Ed Show” tonight.

Coming up, the leader of the pro-gun protest on the national mall will

be here to tell us why she‘s afraid of President Obama.  That‘s next on

“The Ed Show.”  Stay with us.

(COMMERCIAL BREAK)

SCHULTZ:  Welcome back to “The Ed Show.” Finally tonight in Virginia

today a group of armed protesters carried handguns and rifles to a rally to

honor the second amendment. Okay. Across the river in Washington, D.C., a

few hundred unarmed Americans gathered at the national mall to advocate in

favor of gun rights. Organizers say it was not a hate fest but love fest, a

chance to show their appreciation for the founding fathers who gave them

the right to bear arms. Joining me now, Terri Stock.  She is President of

the Second Amendment March.

Terri, nice to have you with us tonight. I understand you‘re a member

of the PTA and also a hockey mom involved in youth hockey. Thank you for

being involved with your kids. What‘s the big deal? Why would you protest

or why did you—afraid somebody is going to take your gun? What‘s

happening here?

TERRI STOCK, PRESIDENT, 2ND AMENDMENT MARCH:  We hear that a lot, Ed,

that no one‘s coming to take your guns. That‘s what we‘re afraid of.

Really, it‘s just about the founding fathers said freedom isn‘t free and

the price of freedom is eternal vigilance. That‘s what it‘s about. We‘re

being vigilant here and seeing things that are concerning. We don‘t believe

that people are going to come door to door and necessarily take our guns.

There are things that come through legislation that many Americans aren‘t

necessarily aware of. That we‘re keeping an eye on. And, you know—

SCHULTZ:  Okay, so you‘re aware that President Obama has an “f” rating

from the Brady Foundation?

STOCK:  Well, yeah. There—a lot of people say Obama has done more

for gun ownership than many of the presidents in the past. Certainly gun

ownership has soared in the last year.

SCHULTZ:  Why is that?

STOCK:  Well, I‘m not exactly sure. I think that there was some fear

that firearms would be taken away. I think that some people were afraid of

the change taking place, and knowing the fact from his Chicago record

coming from Chicago that he didn‘t support—what he‘s saying isn‘t

reflecting what he‘s actually done. At every turn in Chicago he was anti-

firearm, anti-freedom.

SCHULTZ:  You think that President Obama is anti-gun, anti-freedom?

STOCK:  Well, I‘m looking at his voting record.

SCHULTZ:  You think he‘s anti-freedom?

STOCK:  Well, if—well, that‘s not exactly what I said, but—

SCHULTZ:  That‘s what I‘m asking. I want you to clarify it. You don‘t

think he‘s anti-freedom, do you?

STOCK:  Well, you know, I don‘t want to be cornered into saying

something like that.

SCHULTZ:  I don‘t want to corner you into saying something. I just—

STOCK:  Right.

SCHULTZ:  I‘m out of time. I have to run. We‘ll have you back another

time. Thanks for being involved. I‘m a little amazed some of the rhetoric

floating around these protests today.

Tonight in our text survey question, I asked do you worry about anti-

government rhetoric will lead to lead to domestic terrorism, 92 percent of

you said yes.  That‘s “The Ed Show.”  We‘re back tomorrow night. “Hardball”

with Chris Matthews is next.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY

BE UPDATED.

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