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An Establishment In Panic

An Establishment In Panic
Sean welcomed columnist and author Patrick J. Buchanan to Friday’s program to discuss his most recent column about the struggling US economy. “Many Democrats feel that by refusing to accept tax increases in a deal to raise the debt ceiling, Republicans are behaving like ‘fanatics,’” Buchanan explained to Sean. “The Establishment [Democrats] are in a panic. It has been jolted awake to the realization that the GOP House, if it can summon the courage to use it, is holding a weapon that could enable it to bridle forever the federal monster that consumes 25 percent of gross domestic product,” Buchanan wrote in his Friday column { Article}.

Fast And Furious ATF Scandal
Rep. Darrell Issa joined Sean to discuss the Fast and Furious ATF scandal that is threatening to take down top Obama administration officials. Project “Gun-runner,” also known as “Fast and Furious,” was a botched international gun selling program that has been linked to the deaths of at least two Americans. Issa was stunned that a program such as Fast and Furious was even allowed off the ground. “[The program] was ill-conceived because if you are going to follow the guns, you put tracing devices on them, you monitor them. You have teams including probably predator aircraft making sure you know where they are. Here we had over 2,000 weapons, dozens and dozens of separate sales in which ATF agents either did no following or followed to the first house or in one case until the car was 40 miles north and heading away from the Mexican border, then they were ordered to turn around. So what you really have is two points. You have the point where it was sold and you have the point where you have a dead Border Patrol agent. And in between, you have no idea where that weapon was. That is not a program that anyone would say makes sense when you understand it the way we now do.” You can watch Sean’s entire interview with Rep. Issa by clicking here. Listen to Sean’s take on “Gun-runnergate” by clicking here.

Who Comes Out on Top in Early GOP Campaign Ads?
Sean, talking with Karl Rove on the NewsMaker Hotline, discussed which early campaign ads have been most effective. Rove was particularly drawn to an ad from Mitt Romney. “It’s a powerful ad because it used Barack Obama's own words, and Barack Obama's own actions, and Barack Obama's own policies to indict him. And yes, I think it was a terrific ad. This is one of the interesting things -- this is how the new politics is working. Romney goes to Pennsylvania, appears at the same place that Obama had appeared at to herald the stimulus plan, a now closed factory, and gives a pretty good little set of remarks,” Rove said. You can watch Romney’s ad as well as several other early campaign ads by clicking right here.

Show Guests

Pat Buchanan

Patrick Joseph "Pat" Buchanan (born November 2, 1938) is an American conservative political commentator, author, syndicated columnist, politician and broadcaster. Buchanan was a senior advisor to American presidents Richard Nixon, Gerald Ford, and Ronald Reagan, and was an original host on CNN's Crossfire. He sought the Republican presidential nomination in 1992 and 1996. He ran on the Reform Party ticket in the 2000 presidential election.

Juan Williams

Williams regularly appears on major radio and television programs, notably National Public Radio and the Fox News Channel. He also writes for leading newspapers including The Washington Post, The New York Times, and The Wall Street Journal, and has been published in magazines including The Atlantic Monthly and Time.

Rick Santelli

Rick Santelli joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve. A veteran trader and financial executive, Santelli has provided live reports on the markets in print and on local and national radio and television. He joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products. Prior to that, Santelli worked as vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert. Santelli began his career in 1979 as a trader and order filler at... More >

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