updated 7/19/2010 9:07:47 AM ET 2010-07-19T13:07:47

Guests: James Clyburn, Scott Hennen, Tim McShea, Mike Papantonio, Karen
Hunter, Heidi Harris, Bob Shrum, Lizz Winstead

ED SCHULTZ, HOST:  Good evening, Americans, and welcome to THE ED SHOW tonight from Minneapolis.
These stories are hitting “My Hot Buttons” and the stories on the table at this hour.
Republican John Boehner needs some serious help, in my opinion.  I mean, this guy wants to repeal the biggest Wall Street overhaul since the Great Depression before it‘s even signed.  He would rather risk another complete meltdown of the economy than watch the banks get regulated? 
How much sense does that make?  I mean, I knew this guy was out of his mind when he suggested repealing health care reform, but this sinks him to a new low when it comes to partisanship. 
My commentary on the “Tan Man” in just a moment. 

Sharron Angle‘s “Psycho Talk” might be catching up with her.  Harry Reid just surged ahead in the polls of the not-ready-for-primetime Tea Partier in Nevada. 
And “Daily Show” co-creator Lizz Winstead takes on “Caribou Barbie‘s” tweets in “Club Ed” tonight.  And it is Friday.
This is the story that has me fired up tonight.  The Republican Party platform really can be summed up in two words: block and repeal.  They spend all their political capital block, let‘s see, unemployment benefits, the jobs bill, immigration reform, and let‘s not forget the energy bill. 
Now they want to repeal health care, the stimulus act, and the financial reform bill which the president hasn‘t even signed yet. 
Listen to John Boehner. 
(BEGIN VIDEO CLIP)
REP. JOHN BOEHNER ®, MINORITY LEADER:  I think the financial reform bill is ill conceived.  I think it ought to be repealed. 
(END VIDEO CLIP)
SCHULTZ:  The minority leader, well, he might be doing more than just playing politics.  You see, “The Columbus Dispatch,” biggest newspaper in Ohio, recently reported in late 2009, Boehner, well, he bought hundreds of thousands of dollars in stock in large blue chip companies like BP, CardinalHealth, Xerox, Cisco Systems, and Goldman Sachs. 
Any conflict of interest here?  I mean, this is main who wants to repeal health care reform.  He won‘t crack down on Wall Street, but he‘ll deny $300 checks for the unemployed folks in this country who are really struggling. 
What‘s next, Johnny, repealing the tanning tax?  Come on, Boehner. 
Boehner wants to do more than just repeal all of the president‘s agenda. 
Take a listen to his latest bright idea. 
(BEGIN VIDEO CLIP)
BOEHNER:  I think having a moratorium on new federal regulations is a great idea.  It sends a wonderful signal to the private sector, they‘re going to have some breathing room. 
If the American people knew there was going to be a moratorium in effect for a year, that the federal government wasn‘t going to issue thousands of more regulations, it would give them some breathing room. 
(END VIDEO CLIP)
SCHULTZ:  Breathing room. 
Now, it‘s interesting here.  He‘s found a new word.  Instead of “obstruction,” it‘s “moratorium.”  Pretty clever, huh? 
Now, if the “Tan Man” had his way, companies he invests in like BP, Goldman Sachs, well, they would be 100 percent unregulated.  BP, they could drill, baby, drill, anywhere.  And Goldman and other banks on the block, heck, they could just run without oversight, and maybe they could do whatever they did before.
Even members of Boehner‘s own party thinks he‘s a loose cannon. 
Listen to South Carolina Republican Congressman Bob Inglis on C-SPAN. 
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE:  Are you in fact criticizing your current House leaders, Mr. Boehner and Mr. Cantor, for being overly-partisan? 
REP. BOB INGLIS ®, SOUTH CAROLINA:  I think that to some extent, we‘re getting what we deserve.  We have basically decided to stir up a base, and that‘s a bad decision for the country. 
(END VIDEO CLIP)
SCHULTZ:  That is probably the truthsayer of the Republican Party right there.  I didn‘t think they want had one, but apparently they have a guy that‘s good for a 15-second sound bite to tell the truth. 
What Boehner is proposing is the Bush agenda on steroids.  And let me tell you, if Republicans get the majority back this fall, he‘s going to be the Speaker of the House. 
And Democrats, the fight is on here.  If you want to keep this change agenda going, it may not be everything you want it to be, but this is what you‘re going to be getting if the Republicans get back on track and they get the majority.  And if we don‘t get off the couch and stay motivated, the Boehner, BP, Goldman Sachs agenda is on the way. 
Get your cell phones out, folks.  I want to know what you think of this tonight.
Tonight‘s text survey question is: Who do you think John Boehner is fighting for, Wall Street or Main Street? 
Text “A” for Wall Street, text “B” for Main Street to 622639.  We‘ll bring you the results later on in the show. 
Joining me now is House Majority Whip South Carolina Congressman Jim Clyburn. 
Jim, great to have you with us tonight. 
REP. JAMES CLYBURN (D), SOUTH CAROLINA:  Thank you so much. 
SCHULTZ:  This is—you bet.  This is undoubtedly—it‘s almost comical at this point.  They want to block everything.  Now the word is “moratorium.” 
How does that receive you tonight?  What do you think? 
CLYBURN:  Well, I‘ll tell you, this is absolutely amazing to me.  I don‘t know.  I‘ve got to talk to John Boehner or something.  He seems to be really off the reservation. 

I don`t u‘derstand what he`s t‘lking about.  Here he is calling today
for a moratorium on regulations on the day that we have just responded to
77 percent of the American people who want us to do something about
bringing Wall Street back into line with the aims and objectives of the

Here this gentleman is saying to us that we ought to do something that‘s tantamount to playing a basketball game without any referees.  We have enough time with umpires on the baseball field even when they‘re there than to talk about having regulations or not having any regulations while people run amok on Wall Street. 
As I‘ve said before, everybody in the banking business, like in any other business, will not be honest brokers.  We have to have some oversight here. 
When we removed the oversight, what did we get?  We got the Bernie Madoffs of the world, as well as others. 
We have got to make sure that as we put in place our financial institutions, as we put in place our health care institutions, that there is sufficient oversight so that we won‘t have more gushers in the Gulf like we have with BP, so that we won‘t be saying to young people born with diabetes that you can‘t come on your family‘s insurance policies. 
This is what we‘re doing.  And Boehner is saying we ought to repeal all that stuff, stuff called for a moratorium.  He‘s just talking about repeal, repeal, repeal, rather than offering the American people some kind of an agenda. 
We, on the Democratic side, are giving the American people the making it America agenda. 
SCHULTZ:  There‘s know doubt about it. 
Now, they‘re obviously not in step with the American people, and it also shows it when it comes to health care as well.  Bloomberg poll out says 61 percent of the American people oppose repealing the health care bill, which the conservatives have done a tremendous job of vilifying for months on end. 
What‘s the message to the American people, those who are sitting in the middle right now, Congressman, who are wondering whether this country is going in the right direction or not?  What is the message now as you go into the midterms and go to this summer break coming up in August? 
CLYBURN:  I think the American people know that we‘re moving in the right direction.  A lot of them would like to see things more quickly.  And I can understand that. 
I just saw a report this morning that here, in my state of South Carolina, the tax collections for the last quarter, $126 million more than they expected it to be.  That means that people are going back to work, people are now making incomes, they‘re now paying taxes into the coffers.  That means the economy is moving forward. 
And we in the Democratic Party decided that we are going to have a “Make it in America” agenda so that manufacturers and other business people will be incented to make products in America so that we can make sure that young people in America can make it in America, that working men and women can make it in America.  We are moving forward with an agenda that I am convinced that the American people will look at.  And when we get down to the fall elections, they are going to draw a contrast between us and the John Boehners of the world. 
And I think that everybody‘s going to be surprised when they wake up the morning after Election Day and see that Democrats are in good shape and the American people will be in good shape. 
SCHULTZ:  Congressman, great to have you with us tonight.  Have a great weekend.  I appreciate your time on this Friday edition of THE ED SHOW.  Thanks so much. 
Now let‘s turn to North Carolina conservative radio talk show host Scott Hennen. 
Scott, 77 percent of the American people wanted Wall Street reform.  They‘re going to get it.  Sixty-one percent of the American people oppose repealing the health care bill. 
Now, we can say that polls don‘t count, but it‘s very clear that the two major legislative victories for the Obama administration are in favor with the majority of Americans. 
Why wouldn‘t Boehner just go along with it?  Why is it always moratorium obstruction?  How are the Republicans going to dig themselves out of this? 
What do you think? 
SCOTT HENNEN, RADIO TALK SHOW HOST:  Well, first of all, I don‘t think your beef is with John Boehner.  I think your beef is with the American people. 
They want Wall Street reform, you bet.  They didn‘t get it.  They got a payoff to Wall Street from all those donations that have gone Barack Obama and the Democrats. 
I‘ll bring you inside, Ed, the conference committee negotiations.  Democrat Congressman Collin Peterson told me he got browbeat by Chuck Schumer because he, as a conservative Democrat, was going too hard on the banks. 
This fixes nothing.  How do you have a financial reform bill caused largely by inept government, Fannie Mae, Freddie Mac, Exhibit A, that you leave untouched?  That‘s the reason for this crisis.
They didn‘t fix it, and that‘s why it should be repealed.  And it‘s not about John Boehner wanting it, it‘s about the American people wanting it. 
The same thing on Obamacare.
SCHULTZ:  OK.
HENNEN:  Do people want health care costs to go down?
SCHULTZ:  So the push forward there as far as financial reform from the conservative side is that the oversight didn‘t go far enough when you just had John Boehner saying that he wants to put a moratorium on any kind of regulation at all.
I‘m hearing two different sides of the story.  I mean, what do you want?  Do you want regulation or you don‘t want regulation?
What about that?
HENNEN:  Well, first of all, if your argument is there is not enough regulation in this country, I think, again, you have a beef with the American people.
You know what the American people want, want business wants in this environment right now?  Certainty.  They want to know.
And the moratorium idea I think is brilliant for this reason, Ed—at least we‘d know what the rules are for a while.  Because right now, American business—I‘m not talking about Wall Street fat cats.  I‘m not talking about the GEs.  I‘m talking about the engine of the American economy, small businesspeople, want to know what the rules are.  They want to know what taxes are going to be, they want to know what regulation is going to be, they want to know what their health care costs are going to be. 
And they don‘t—
(CROSSTALK)
SCHULTZ:  I got what you‘re saying on that.  What the American people want, they want access to capital, and the big boys aren‘t serving it up to small businesses.  I got that. 
But you‘re saying that the regulations don‘t go far enough, or they‘ve got a lousy bill, and Collin Peterson got browbeaten.  But on the other hand, you‘ve got Mr. Boehner saying that we should have a moratorium, which would be no regulation whatsoever.  It just seems to me that the conservatives seem to be rather mixed up about what they want. 
Do you want it wide open where there could be a meltdown again?  Do you want any oversight at all?
Seventy-seven percent of the American people want some oversight.  They‘re getting the Consumer Protection Agency involved when it comes to dealing with mortgages, when it comes to dealing with credit cards, and when it comes to dealing with whether banks can stick it to consumers. 
It just seems to me—and I‘ll give you another shot here—is that the conservatives seem to be all over the board when it comes to this. 
What about that? 
HENNEN:  Well, first of all, I think, again, you‘re putting it on Boehner and company.  And quite honestly, I think we can pick out 535 better members of the Congress out of the phonebook these days. 
SCHULTZ:  Well, he‘s the leader. 
HENNEN:  So I‘m not here to defend what they‘re saying.  I‘m saying I think John Boehner is getting in front of the parade.  I think he‘s getting in front of the parade and speaking for people who have had it. 
There‘s plenty of regulations.  Nobody‘s saying free-for-all.  Just say, hey, the rules we have are the rules we have. 
There‘s plenty of oversight.  And the supposed oversight is what got us into this mess.  That‘s the problem. 
Let us know what the rules are going forward, and you will unleash a lot of capital that will be the economic engine of a revival.  Right now people do not trust the Obama administration and the majority Democrats to do that, and that‘s the problem. 
SCHULTZ:  All right.  Well, that poll must be screwed up at 77 percent. 
Scott, good to have you with us tonight.  Thanks so much. 
Coming up, calling all psychos.  Michele Bachmann just made a move that could crown her the queen bee of the Tea Party.  I‘ll tell you what she‘s up to at the bottom of the hour. 
And somebody find a pair of glasses to fix “Slant Head,” will you? 
Hannity says he can‘t see any racist Tea Party signs? 
Go into your own newsroom, Sean, and grab some of that tape.  It was on your air. 
All that, plus Sharron Angle is falling behind Harry Reid.  And an Alvin Greene action figure becomes a reality?  And “The Daily Show” co-creator Lizz Winstead is in the house for “Club Ed‘ tonight. 
You‘re watching THE ED SHOW on MSNBC.  Stay with us.
(COMMERCIAL BREAK)
SCHULTZ:  Welcome back to THE ED SHOW.  Thanks for watching tonight. 
If there‘s a fire raging in Philadelphia, don‘t hold your breath for help.  The city‘s massive budget crunch might be impacting your safety and putting American heroes out of work.  In an effort to save over $3.5 million, the city is on the verge of cutting firefighter overtime, and they may even close down entire firehouses. 
Now, Philadelphia is a very liberal city, but I think that this is really putting the city in a position all because the Republicans in Washington refuse to spend a penny of any federal money to help the cities out around this country.  And here‘s what Philadelphia is in. 
The Fire Fighters Union describes this as playing Russian roulette with people‘s lives. 
For more on this, let‘s turn now to Tim McShea of the Philadelphia Fire Fighters Union, vice president, Local 22. 
Tim, good to have you on tonight. 
This is all about the money.  How is the community reacting to the proposal that there could be numerous firehouses that could be completely shut down that normally are fully operational? 
TIM MCSHEA, PHILADELPHIA FIRE FIGHTERS UNION:  Well, we‘re still getting response from the community.  They have no idea what a rolling brownout is, as they call it.  And they have been upset with the cuts that we‘ve had previously. 
We had seven cuts to companies in 2009.  We lost five engines and two ladders.  It has greatly affected the public safety and our response times, and these will only increase those response times, and they will also affect the public safety. 
SCHULTZ:  What does Michael Nutter, who is a Democrat—he‘s the mayor of Philadelphia—why is he doing this?  And is he behind this? 
MCSHEA:  I don‘t think there‘s much planning into this.  He seems to be a knee-jerk reaction mayor. 
There was no planning done.  There was no study or research done.  We need an impact study.  We needed one before he closed the seven companies. 
We‘re not afraid to lose a company, but please do a study, do some research, and find out where it can be done.  They just did a cross -- 
SCHULTZ:  OK.  Now, the mayor is saying, Mr. McShea, that safety will not be compromised, will not be impacted. 
Is he wrong in that statement? 
MCSHEA:  Yes, is he.  He‘s dead wrong. 
SCHULTZ:  And has he made this city—or has this is city made this decision without doing the proper research? 
MCSHEA:  Yes, they have.  Yes, they have. 
There is no plan in place on how they‘re going to do it, where they‘re going to do it, who‘s responsible for what‘s being done.  Our members have been cut to the bone.  Our commissioner, he said in a budget hearing just a month or two ago that the fire department is pared to the bone.  I don‘t know why the mayor don‘t listen. 
SCHULTZ:  Is this a union-busting issue?  Is this an anti-labor move on the part of some on the City Council in your city? 
MCSHEA:  Actually, City Council‘s pretty much behind a lot of this.  They have things sprung on them by this mayor that they‘re totally unaware of. 
He‘s trying to get rid of paramedics from our union.  And they‘ve been a vital part of the union and the fire department for as long as I can remember. 
And he wants to get them out of our union, and Council was unaware of that.  And they overrode a veto that he proposed on a resolution that Council put in to keep them in our union.  And Council came back—go ahead. 
SCHULTZ:  Yes.  Mr. Mcshea, I‘ve got to ask you, what kind of fire would cause a problem if these firehouses are cut down to save on overtime? 
MCSHEA:  Any fire.  The problem is fire grows exponentially.  It doesn‘t just get a little bigger here and there.  Every second the fire grows. 
And the longer it takes for a fire company to get there—not just a company to arrive on scene, but a pumper to get there with water, that fire is going to continue grow.  And as long as it grows, there will be greater property damage and greater hazard to life and to firefighters. 
SCHULTZ:  Mr. McShea, good to have you with us tonight. 
We have been doing these stories around America about how the infrastructure of the country is crumbling and how sacrifices are being made on the local level.  We‘ve done the story on Colorado Springs, Colorado, also in Oakland, California, what they‘ve done with their police force.  And now, of course, this situation in Philadelphia putting people at risk.  It‘s all for the money. 
Mr. McShea, good to have you with us tonight and thanks for what you do. 
MCSHEA:  Good to be here.
SCHULTZ:  You guys are America‘s finest. 
MCSHEA:  Thank you very much. 
SCHULTZ:  Coming up—you bet.
Coming up, I think “Slant Head”—I think his eyes are starting to go on him a little bit.  Hannity says there‘s no racist Tea Party signs out there.  Oh, yes? 
We‘ll show you, Sean.  We‘ll show those brown eyes a thing or two in the “Zone” next.  Stay with us.
(COMMERCIAL BREAK)
SCHULTZ:  And in “Psycho Talk” tonight, well, the right-wing network‘s very own Sean Hannity checks back into the “Zone” tonight. 
On his TV show yesterday, he interviewed our good friend Stephen A.
Smith about Tea Party racism.  Watch “Slant Head” in action on this one. 
(BEGIN VIDEO CLIP)
SEAN HANNITY, FOX NEWS:  Now, here‘s this case.  The NAACP, they have the resolution, explicitly racist behavior. 
Do you have any specific examples?  Because I think the worst thing you can call somebody, or one of the worst things, is a racist.  Is there any example that any Tea Party members said anything racist, held any racist signs?  Because we can‘t find them. 
STEPHEN A. SMITH:  They were saying that folks held racist signs. 
HANNITY:  Where? 
SMITH:  In various cities.  I don‘t know.  I mean, I have not seen the examples. 
HANNITY:  We looked.  There are none.  That‘s the problem. 
(END VIDEO CLIP)
SCHULTZ:  There are none.  Did you hear that?  There are none. 
Sean, now, either you‘re being intellectually dishonest, or you‘re lying, or you‘re just plain stupid. 
Now, since you don‘t have this in your tape file, Sean, I want to show you this.  Let me show you what I‘m talking about here, buddy. 
You see any racism here, Hannity?  These are the people you call great Americans.  This is their form of democracy: power, control, racism.  Or did you doctor the tape? 
Now, Sean, since you say that you don‘t have any of the tape, I‘ll tell what you I‘m going to do.  Since you‘re right across the street in New York, I‘m going to have one of our runners take this video and send it over to you so we‘ll provide you with the signs that you say that there are none.  Because I want to see if you got the guts to put those signs on your show.  But if you did that, then you‘d have to say that you were lying last night on the air when you said there are none. 
Come on, Hannity.  Take the challenge.  Put that videotape on your air and then tell the world that, hey, there aren‘t any racist signs out there. 
Now, if you don‘t think that this is “Psycho Talk,” you‘re nuts.  Let me just show you who these people are. 
They‘re the same hateful fear-mongering nut jobs in these crowds. 
This is your crowd?  This is a spin-off of the Republican Party, these Tea Party nuts? 
There‘s no signs out there, are there, Sean? 
These are the same people that put up the billboard in Iowa comparing the president to Adolf Hitler. 
“Mr. Intellectual Honesty,” that‘s what he likes to call himself.  To say that there isn‘t any Tea Party racism, Sean, you‘re lying, but it does qualify as “Psycho Talk” as well. 
Coming up, the BP gusher is stopped for now, but the 27,000 abandoned wells that are ticking like time bombs in the Gulf, well, they haven‘t been looked at.  Don‘t you think we need to take a look at them, government? 
Environmental attorney Mike Papantonio sounds off on that in just a moment. 
And voters in Nevada running away from Sharron Angle faster than she runs away from the camera.  Her “Psycho Talk” may finally have caught up with her and started the old downhill roll.  Harry‘s in the lead. 
We‘ve got “Rapid Fire Response” to that. 
All that, plus Washington, D.C., had a 3.6 magnitude earthquake this morning.  “The Mittster” is surging ahead of the pack in fund-raising.  And “Daily Show” co-creator Lizz Winstead rips “The Tan Man” in “Club Ed.”
You‘re watching THE ED SHOW on MSNBC.  Stay with us. 
(COMMERCIAL BREAK)
SCHULTZ:  Welcome back to THE ED SHOW.  The Battleground story tonight, well BP has got a long way to go.  We may have finally turned the corner in stopping the leak at the deep water horizon leak, but the president says, we‘re not out of the woods yet. 
(BEGIN VIDEO CLIP)
BARACK OBAMA (D), PRESIDENT OF THE UNITED STATES:  One of the problems with having this camera down there is that when the oil stops gushing, everybody feels like we‘re done.  The final solution to this whole problem is going to be the relief wells and getting that completed.  But there‘s no doubt that we have made progress as a consequence of this new cap fitting on.  
(END VIDEO CLIP)
SCHULTZ:  The fact that the gusher has been capped temporarily is obviously good news, but it‘s not an excuse to go back to drill, baby drill, plus, there are 27,000 other abandoned wells in the gulf.  Those wells, according to some experts, they are ticking time bombs.  Congress wants to know why those wells aren‘t being monitored.  The House Energy Committee now plans to investigate all of that.  And while it‘s great that no more oil is leaking into the gulf, more than 90 million gallons have poured into the waters.  BP still needs to clean it up.  The polluted water and make sure the people are fairly compensated for those losses. 
For more, let me bring in man who‘s really devoted every ounce of his time and effort to making sure that these people pay up, environmental lawyer Mike Papantonio joins us from the beach tonight.  He of course, his firm is leading the class action lawsuit against BP.  Ken Feinberg, the Pay Czar, Mike, was down in that territory yesterday.  What is the latest on BP making this thing right and starting to write some checks?  Where are we in your opinion, what do you know?
MIKE PAPANTONIO, ATTORNEY FOR FAMILIES SUING BP:  Ed, we‘ve met with Feinberg on a couple of occasions in New York, we‘ve sat down with the Feinberg group to find out what is this $20 billion really mean.  At this point, there really are no guidelines as far as how much money BP can take out of it.  We don‘t know at this point even what the guidelines are for, who‘s going to be paid and who isn‘t going to be paid.  At this point, I think it‘s way too early for everybody to say the $20 billion is there and we‘re OK. 
First of all, the $20 billion is not there.  The money has not been securitized.  There‘s nothing to prevent in a bankruptcy, that money disappearing.  There‘s nothing to make sure that the money is put in escrow.  I think, what‘s important is we keep our eye on the real story, and that is, we still have not 90 million but our experts, Ed, tell us there are as much as 200 million gallons of oil in this gulf.  So, the fact that they‘ve capped this means nothing to the people who live on this beach.  It means nothing from the standpoint of the marine, the tons of marine life is dying every day from 200 million gallons of oil and two million gallons of dispersant that‘s destroying this entire Gulf Coast. 
What I‘m afraid of, if this is capped and we don‘t know that it‘s working right now and I think Obama is very smart.  He‘s right on spot by not loading up on the idea that this thing has been solved.  It hasn‘t been solved.  As a matter of fact, when the cap takes place, if it does take place, we still have a catastrophe that this nation has never faced in cleaning this up.  My fear Ed, is that people are going, the story is going to disappear and like today, we‘re going to see more stories about the iPhone defect than we are about the travesty in this gulf.  And I have to tell you something, right now.  
SCHULTZ:  All right.  Mike, what about the 27,000 wells that are out there that are ticking time bombs?  Some experts have said that this is going unmonitored.  What about those?  What do you know?
PAPANTONIO:  Ed, it‘s one of those news stories that it‘s developing because the petroleum industry has not been examined for decades.  We didn‘t know that there were 27 million—it‘s 27,000 wells out here.  I do this for a living.  I thought there were 9,000.  I certainly didn‘t believe that mineral management was not monitoring anything.  That mineral management was carrying on business as usual, a sleep at the wheel, dysfunctional and totally in petroleum‘s pocket.  That‘s the organization that we have to count on to make sure that those 27,000 wells are not leaking.  That doesn‘t give me much comfort.  
SCHULTZ:  All right.  And Mike, I got to ask you, final question.  What is the reaction of the people along the Gulf Coast?  BP is taking out this huge pr campaign with all these commercials running, telling us how dedicated they are to cleaning up.  And how many operations they‘ve got going and given the stats and make the emotional plea to the American people that they are credible, that they‘re going to make this thing right.  How is that being received down on the Gulf Coast?
PAPANTONIO:  It‘s not being received well because every day, they come out with a story we hear about another story, like the Lockerbie terrorist story where we learn that had BP was functional in having a terrorist that killed 270 people on the Lockerbie airlines flying Scotland airlines, flying out of Scotland that, they implemented the release of a terrorist so they could drill in Libya.  Every day, a new story comes about this company until we find out that they‘re sociopath, they‘re dysfunctional and I think the American public, certainly this public down here sees through that.  And I think it‘s my job to make sure they continue to see through that by reminding these people, we‘re not dealing with a mom and pop organization.  We‘re dealing with a sociopath corporation.  
SCHULTZ:  Mike Papantonio, always a pleasure.  Great to have you with us tonight.  Thanks so much. 
Now let‘s get some rapid fire response from our panel on these stories tonight.  Harry Reid‘s got a reason to smile today.  A new poll out in Las Vegas has him with his best lead yet, seven points ahead of Tea Partier Sharron Angle.  Mitt Romney is leading the pack of republican presidential wannabes in fund-raisers.  And psycho talker Michele Bachmann has filed papers to create a Tea Party caucus in Congress?  OK. 
Karen Hunter, journalist and publisher with us tonight and Heidi Harris, radio talk show host in Las Vegas.  Let‘s talk about Harry Reid first.  Heidi, what do you make of this resurgence of Harry Reid in the polls to move out in front by seven points?  This is a big turn around.  Is it more Harry Reid doing things right, spending more money or is Sharron Angle‘s psycho talk catching up with her.  What do you think?
(LAUGHTER)
HEIDI HARRIS, RADIO TALK SHOW HOST:  Oh, I knew you would be gloating about this, Ed.  You know what, it‘s interesting because right after the primary, she was 51, he was 39.  And I think what‘s happened is her campaign‘s gotten off to a slow start.  I was complaining about that the day after the primary.  They weren‘t ready, their website wasn‘t ready, and Harry Reid is unrelenting.  The attacks have started on her.  She allowed Harry to be able to characterize her as a psycho, as somebody who wants to eliminate Social Security and Medicare and the Department of Education.  And she was very slow in coming back with the correct responses.  And I think it is catching up.  I don‘t think it‘s too late.  If I were Harry, I wouldn‘t be counting any chickens but it‘s still, it‘s very discouraging at this point. 
SCHULTZ:  OK.  Forty four percent to 37 percent.  Karen Hunter, what‘s happening here?
KAREN HUNTER, PUBLISHER:  Well, I was beginning to think that crazy was the new black.  So, I‘m really relieved that the folks in Nevada have come to their senses.  And I don‘t think Harry Reid has painted her as crazy.  I think, every time she opens her mouth, she‘s painted herself as crazy.  And I‘m really curious if Heidi is really going to vote for her or this is just something that you‘re getting on to support.  Because every time, from saying that church and state should be unconstitutional to saying that people who are unemployed are lazy, not lazy.  What did she classify them as?  She said, oh, they‘re spoiled.  Yes, it‘s not Harry Reid positioning this person as crazy.  It‘s Sharron Angle positioning herself as crazy.  
SCHULTZ:  Well, and 14 percent of the people in Nevada are unemployed right now.  And where are those people going to go.  Let‘s look at the money.  Sharron Angle has been raising some pretty good cash but it‘s nowhere near the money that Harry Reid has got on board.  In the second quarter, 2.4 million to $2.3 pretty equal.  But the total dollars, nine million to 1.8 million.  How is she going to combat that?
HUNTER:  She‘s not.  
HARRIS:  Yes.  It‘s going to be tough.  You know, Harry Reid of course, still didn‘t have the good favorable before this.  And she‘s going to have to come back and come back and come back and try to characterize this whole race about Harry Reid.  But he‘s tried to demonize her.  So far, it‘s been successful with some people, and the problem is she‘s not going to get any help from the TV stations in a lot of those in the so called mystery media because they‘re in the tank for Harry.  
HUNTER:  Oh, come on.  
HARRIS:  But it‘s true.  
HUNTER:  Come on, Heidi.
HARRIS:  She has to work three times harder to get her message out than Harry Reid does here in the local press.  
HUNTER:  Every time a mic gets put in front of her face, she has ample opportunity to make it right and she says something crazy.  
(LAUGHTER)
SCHULTZ:  All right.  Let‘s go to the national picture.  Mitt Romney is now leading the pack when it comes to raising money on the republican side.  The numbers are pretty clear.  Romney has raised $1.8 million.  Where as Sarah Pac has raised $866,000.  What surprises me here is Huckabee is down at $258,000.  I thought he would have greater tentacles in that into the financial sector but this is how the money turns out.  What does this mean?  Karen Hunter, is Mitt going to be the guy to beat?  He‘s off to a great start.  
HUNTER:  Well, he‘s actually pulling his money away from Iowa and putting it into the south.  But I think that might be a miscalculation on his part because he‘s kind of saying that, you know, Iowa is a lock and I have to focus my energies on where I was weakest.  Right now, he has to be the front-runner.  But, you know, I think the Republican Party may have something up their sleeve, Scott Brown.  I‘m just going to throw it out there.  
SCHULTZ:  I‘ve heard that, as well.  Heidi, what do you think?  Is Mitt the guy to beat?
HARRIS:  You know what, here‘s the problem with Mitt Romney.  I like him.  He‘s a good business man, a smart guy.  He‘s not going to win in the south, period.  Too many people in the south mistrust Mormons.  I‘m not saying they‘re right.  I‘m just saying that that is a problem for him.  As you know, he didn‘t carry any of the southern states last time.  That‘s why he‘s focusing on them now.  He‘s not going to win.  And I can‘t see any republican getting the nomination if you don‘t carry the south.  You need the south.  That‘s a republican.  So, Scott Brown, for get it, we can‘t count on him for anything.  So, I don‘t think he‘s got any chance.  
SCHULTZ:  Oh, all right.  If it‘s not Sharron Angle, it‘s Michele Bachmann.  And Bachmann is now making a serious play for the Tea Partiers in Washington.  Michele Bachmann has filed papers to create a Tea Party caucus in the Congress.  Her comment was this, “This caucus will espouse the timeless principles of our founding, principles that all members of the Congress have sworn to uphold.  The Americans people are doing their part and making their voices heard and the caucus will prove that there are some here in Washington willing to listen to.”  Is this political grandstanding, Karen Hunter, or do you think she‘s serious about this.  
HUNTER:  It‘s all been political grandstanding.  And I‘m just really disappointed, I wish that Michele Bachmann and other tea baggers would put more energy into holding their parties accountable, holding our other politicians accountable, holding America accountable.  They claim to love America, yet, I know it says, united we stand, divided we fall, one nation under God.  And they are dividing us so much.  Every single day.  I don‘t think we‘ve been this divided since the civil war.  Thank you, Michele Bachmann.  
SCHULTZ:  Heidi, wouldn‘t this fraction up the Republican Party?  Wouldn‘t these cause problems?  I mean, who—what republicans or independents are going to show up in the caucus with the Tea Partiers and not the republicans, is this the beginning of a third party?  What do you think? 
HARRIS:  The whole thing is silly.  I got to tell you.  I like Michele Bachmann.  I like a lot of thing she stand for.  I have no idea what she expects to accomplish with this.  She says, they‘re going to be listening to constituents, I mean, don‘t you already listen to your constituents?  I don‘t see any point in this at all. 
HUNTER:  Wow, I agree with Heidi. 
HARRIS:  There you go.  
SCHULTZ:  All right.  What a great way to end the week in rapid fire.  Karen Hunter and Heidi Harris, great to have you with us tonight.  Thanks so much.  
Coming up, President Obama is in command and kicks some major butt this week.  He cracked down on Wall Street.  Put the righties in their place and finally got that whole plugged, right?  I‘m calling out the naysayers, next in the Playbook.  Stay with us.  
(COMMERCIAL BREAK)
SCHULTZ:  And it‘s not too late to let us know what you think.  Tonight‘s text survey question is, who do you think John Boehner fighting for?  Wall Street or Main Street?  Text A for Wall Street, text B for Main Street to 622639.  Results coming up.  Stay with us. 
(COMMERCIAL BREAK)
SCHULTZ:  And in my Playbook tonight, oh, it‘s been a huge week for President Obama and I think it turned out to be a great one for him politically.  On Wednesday, the White House reported that its $862 billion stimulus package created or saved about three million jobs.  Then he met with the house democratic leaders to lay out the agenda for the midterm elections.  Just yesterday, the senate passed almost sweeping financial reform since the great depression.  The president will sign it into law early next week.  
And finally, for the first time since April 20th, no oil leaking in the gulf.  It finally got plugged.  Hopefully it will hold.  I‘m glad to see that he‘s taking some well deserved time off although the righties are all over for him for that.  Maybe if he took a chain saw with him the way Bush did on vacation, maybe they‘d back off a little bit. 
Bob Shrum, democratic strategist and professor, New York University with us tonight.  Does the guy deserve a day off after a week like that?  What do you think, Bob?  It has been politically one of his better weeks, don‘t you think?
BOB SHRUM, DEMOCRATIC STRATEGIST:  Oh, absolutely.  And look, if the republicans want to complain about him taking a few days off in Maine, then, he ought to call their bluff.  And if they haven‘t passed an extended unemployment compensation and they‘ve blocked it in the senate.  If they‘ve blocked another jobs bill, maybe, they got to tell the Congress, they‘re not going to have a vacation in August, they‘re going to stay in Washington until they get the job done.  Look, Obama and I think plugging the well is a big step forward, there might be a descent job report next month. 
But I think, we saw a glimpse of what he has to do this week.  He has to call the republicans out on ideological ground.  He has to talk about who he‘s fighting for, the American people and who they‘re fighting for, the forces are privileged.  And this plenty of evidence, not just what you were talking about earlier with John Boehner, when Boehner say, we‘re going to repeal financial reform, but Jon Kyl saying, you know, we don‘t have to  pay for tax cuts for the rich.  Just for help for the jobless.  He‘s got a picture to set the choice in this election and picture of the republicans as what they are, the party of big banks, big oil, and big recession.  
SCHULTZ:  Bob, isn‘t it important for the senate to do the deal on the unemployed to get to another tier and maybe do something about the 99ers.  Fifty thousand more people every day are losing their benefits in this country and this is now into the millions and it‘s growing.  If the democrats were to do something about this and then come out with a good jobs report, wouldn‘t this give them plenty of ammunition going back saying hey, we are the party of the people and we don‘t leave people behind?  What do you think that have?
SHRUM:  Yes, as long as we draw the contrast.  I don‘t think that we can just go out there and say, this is go about the future versus the past and blame Bush although he does deserve the blame.  We‘ve got to go out there and have the courage of our ideology, we‘ve got to be able to say that we‘re standing up for people and there‘s plenty of evidence for us to go after the republicans on the other side.  We have to do it.  We can‘t just talk our way through this election on the basis of the record.  By 2012, we‘ll be able to do that because this economy I think will then be clearly on the road to recovery.  People will understand what the president‘s achieved.  Right now, their doubts and I think what the president has to do is ask the fundamental question, who‘s on your side and he has to answer that question and only he can carry this case from coast to coast.  
SCHULTZ:  And how big is the financial reform bill and quickly, your thoughts on Harry Reid‘s resurgence in Nevada.  
SHRUM:  Well, the financial reform bill is very big and it was made a lot bigger by John Boehner calling for repealing it.  You know, if they picture these people as who they really are, then the right wing guy on your show earlier is not going to be able to make the absurd arguments that we got into this mess because we had too much oversight.  It‘s ridiculous.  We‘ve got to picture these people as who they are.  And that‘s what‘s happening in Nevada, by the way.  Sharron Angle is cooperating, she is not hiding anything, she‘s out there, she‘s on the far right.  And she‘s Harry Reid‘s biggest asset in this election.  
SCHULTZ:  And no doubt.  Bob, thanks for your time tonight. 
SHRUM:  Thank you.
SCHULTZ:  I appreciate it.
Some final pages on the Playbook, South Carolina Senate candidate Alvin Greene is elaborating on his economic plan of making action figures of himself.  In a radio interview, he said, the toys could be just like the Tickle-me-Elmo craze that took place years ago.  You got to hand it to him, at least he‘s thinking.  And tomorrow it becomes reality.  A Minor League Baseball team in Charleston, the River Dogs will giveaway these statues with a picture of Greene‘s face on it.  Innovation. 
And not sure if three republicans actually voting for the democrats for Wall Street reform, voting with the democrats for Wall Street reform cause it but Washington woke up this morning to a 3.6 magnitude earthquake.  The quake hit at 5:04 this morning and was centered at Gaithersburg, Maryland.  There were no reports of damage, injuries or fatalities.  The president was asked if he felt it and his answer was no. 
And finally, I‘ve got to say that by this time on Friday comes around, I‘m looking at the clock and I‘m getting geeked up about going up north and doing what I love to do and that is catch fish.  That is right.  At big Eddie‘s North Country Lodge, how about this whopper walleye.  Take a look at this, I caught these two with my brother-in-law John with just ten minutes of one another.  And of course, it‘s all catch and released.  Besides the walleyes, there are some other classic treats.  Oh, look at that.  Look at that.  What‘s a guy do to relax?  I‘m getting fired up just looking at the tape!  I love it. 
One other classic Minnesota treat, I get to enjoy when we end the week.  It‘s not Michele Bachmann.  It‘s Minnesota‘s other beauty queen and that is Daily Show co-creator Lizz Winstead.  And I‘m not giving you any of my waylays (ph), but we are talking next on THE ED SHOW.  That was bigger than that.
(COMMERCIAL BREAK)
SCHULTZ:  If it‘s Friday, it‘s time for Club Ed with Lizz Winstead, co-creator of “The Daily Show” and the brains behind “Wake Up World.”  Lizz, you‘re a Minnesota girl living in New York City.  Have you ever caught fish that big?  Straight up.
LIZZ WINSTEAD, “THE DAILY SHOW” CO-CREATOR:  I‘ve never caught a fish
no, you know, I caught a fish about that big but I don‘t have my own private lake and island like you bought a hatchery basically.  

SCHULTZ:  Hey, I‘m just trying to get universal health care up north. 
That‘s all I‘m trying to do.  
WINSTEAD:  I‘m just trying to get to your place to go fishing.  Yes, I haven‘t been invited. 
(CROSSTALK)
SCHULTZ:  Well, we don‘t stock them.  It‘s natural, you know how it is.
WINSTEAD:  Yes, right.
SCHULTZ:  If you haven‘t caught one that big, we‘ll see what we can do, we‘ll see what we can do on that.  All right.  To the news, Sarah Palin defending the Tea Party crowd against racism charges.  What do you make of it?
WINSTEAD:  Well, I guess, I‘m just sort of confused about Sarah Palin in general.  But in this Tea Party business, the fact that no one can see racism is a little crazy.  In her speech, she actually said, you know, we don‘t care if the president‘s half white or half black and it‘s like, yes, this coming from a half term, half wit, right.  You know what, maybe we should take some stock in you, Sarah.  And Hannity saying, he doesn‘t see racism.  Who are these people that do not see racist signs?  I mean, maybe the signs are so poorly spelled that the racism cannot be identified.  You know, the president is a Muslim.  Well, that‘s actually a fabric but almost hateful or Hannity just doesn‘t even watch Glenn Beck.  You know, there could be a number of reasons but now that you‘ve provided the tape for Hannity, he can just sort of unleash the snap-on hair and let some information in and maybe he‘ll actually see the racism that is within the Tea Party movement.  
(LAUGHTER)
SCHULTZ:  All right.  John Boehner wants to repeal financial reform.  In fact, he wants a moratorium for a year on regulation.  What do you think?
WINSTEAD:  Hasn‘t he basically said that he wants to roll back every single thing that has been passed?  He‘s just trying to pass legislation with the GOP is a kin to just like negotiating with a child at dinner.  You can‘t just ask them.  They don‘t know what‘s good for them.  They‘ll say no, all they want it crap.  You have to stop and give them what‘s good for them.  Stop asking.  That is what I‘m asking the president tonight.  
SCHULTZ:  Lizz Winstead, always a pleasure.  Thanks so much. 
WINSTEAD:  Thanks, Ed.
SCHULTZ:  You can see Lizz do standup at Comix in New York City, August 5th through the 7th.  Go to comixny.com for tickets.  Tonight in our survey, I asked, who do you think John Boehner is fighting for, Wall Street or Main Street?  Ninety two percent of you said Wall Street, eight percent of you said Main Street.  That‘s THE ED SHOW.  I‘m Ed Schultz. 
Chris Matthews is next with “HARDBALL” right here on MSNBC.  Have a great weekend.  We‘re back with you Monday right here on the place for politics, MSNBC. 
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