PoliticsNation | February 07, 2013
>>> the republican party is excited about their rising star . there he is. " time magazine " calls marco marco rubio the republican savior. the real story is karl rove on the ropes. he was the gop king maker. bush's brain. the boy genius . but now he's on the verge of a political knockout. full blown attack mode after he vowed it's too extreme to win elections. hours ago, donald trump tweeting, karl rove is a total loser. money given to him might as well be thrown down the drain. karl rove and his army have launched a crusade against me. nobody can bully me out of the u.s. senate . radio talkers are turning on him, as well.
>> i want to invite as many people as possible. to join the voices and the forces of liberty, not the forces of big government and back room deals and croney kapt lichl, illustrative of karl rove .
>> this newspaper article about karl rove 's intentions is only serving to unite the tea party in ways, even now, it hasn't been. it is energizing the tea party .
>> rove is trying to energize the tea party . but he's the one on the ropes.
>> joining me now is former congressm congressman barney frank . where is the republican party now in your mind? still locked up by extremists or no?
>> it's an important dynamic in america today is the effort by the more traditional conservatives to take the party back from the tea party . but they really are reaping what they sowed. these are the people who loved having the tea party be irresponsible and extreme when that attack was going against democrats in 2010 . now it turns out the american people having seen what the tea party really means, don't like it. think it's a kind of ek treemism and a nasty attitude, personally. so now you have karl rove and the others. republican primary voters are the ones that have chosen these people. it's a conservative group trying to take over. this is the most interesting group in america today. i would say this. parties lose elections. i have never seen in all the years in politics that had a party go from defeat in a president election to worse and worse and worse. to being wrong on issues, to being devicive. i can't think that there's many americans today with all of these internal, vicious fights is incapable of governance.
>> when you look carely at his stances, he boegsed about anti-gay groups. he suggested soets shouldn't tolerate same-sex marriage, won't say if they should be protected under the immigration law . so even with the moderate kind of image as a savior, when you dig into the details policiwise, very conservative kind of guy. no question, it reminds me of a great philosophy of the 20th century with whom you were familiar, henny youngman and his great line, how's your wife?
>> compared to what? with these guys, it's the quote that ronald reagan once said. this is a case where the right hand doesn't know what the extreme right hand is doing. but let's look at rubio. i heard him this morning as i was driving to make a speech in massachusetts. and he was being critical of president obama because he wants citizenship for immigrants. and rubio said he can push getting them citizenship in a straight forward way. first of all, that's an angerer knowledgement that his party is still not willing to do the decent thing. the notion that we would have people in this country and they would be working and paying taxes. they couldn't vote. they couldn't be citizens. what is that doing as a concept of democracy. and here's rubio acknowledging this split. they were just, i saw, background checks for guns and social security and medicare. let's remember, they were talking about code and entitlement before, that means reducing the amount people get on social security . with all the talk about ine quality, let's remember, social security and medicare are the two most effective of any programs in american history and the republican party , led by paul ryan and the others, is still trying to undermine those.
>> they had officially sent to mayor joe white . what does our appointment mean to the agency carrying out the dodd-frank act in terms of his rules?
>> it's very important. first of all, we have this very important piece of the bill which is called the volka rule that says that banks that get insured deposits should not be engaged in risky kind of business. it's a very important piece to the bill that has to be adopted by several agencies, including the security and exchange commission . the problem has been he should have made that appointment a while ago because he knew that the out going share, mary shapiro, a very good person, was quitting. and she's a tough loir. let me defend her. some people said oh, well, after being the u.s. attorney , she went and she represented people in the business community . well, liberals should not be saying that if you represent people that you don't approve of, that makes you a bads person. we want critical defense attorneys to represent some of the worst people in the world. when is security and exchanges commission was established in the '30sroosevelt, he appointed a man deeply involved, joseph p. kennedy . he said hey, look, guys, i know all of the tricks because i've play ds them. now they're over. can i say on the dodd-frank bill, one important point. when we passed that bill in june, 2010 , the financial community and the republicans said this is going to be the end of the markets. this is going to destroy the financial community. in the 2 1/2 years since that bill became law, the dow jones industrial average has gone up 40%. we have just had one of the best periods in american history in the stock market . and i'm not saying that the passage of the bill caused it, but the notion by trying to get good regulation, let me say this. if that's undermining, there's a lot of people that would like to be undermined.
>> well, the chairman conceived it and the president is fighting to protect it. former congressman bar knee frank, thanks for your time tonight.
>> thank you, al, as usual.
>> ahead, for the first time ever, there are two african americans serving in the senate
at the same time: and chris christie 's walgt? it's a red hot controversy that