The McLaughlin Group
Issues: TSA Problems / New Overtime Rules / Sanders and Democratic Party / Julian Castro Veep Possibility
John McLaughlin, Host
Pat Buchanan, Author and Columnist
Eleanor Clift, The Daily Beast
Clarence Page, The Chicago Tribune
Tom Rogan, National Review/Opportunity Lives
Taped: Friday, May 20, 2016
Broadcast: Weekend of May 20-22, 2016
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ANNOUNCER: From Washington, THE MCLAUGHLIN GROUP, the American original. For over three decades, the sharpest minds, best sources, hardest talk.
JOHN MCLAUGHLIN, HOST: Issue One: The Torment of Travel.
(BEGIN VIDEO CLIP)
UNDENTIFIED MALE: I stand on line two hours and twenty minutes before and I couldn’t -- I missed the plane.
MCLAUGHLIN (voice-over): Lengthy security lines continue to plague travelers at the nation’s airports this week. And while the Obama administration says it will add nearly 800 new security officers by this summer, many passengers say that’s too little too late.
And so, a rising chorus of voices is asking for more efficient screening processes and potentially a move towards privatized security screeners. Others say that tragedy such as this week’s crash of Egypt Air Flight MS804 mean that government must take over airport security efforts.
Fifty-six passengers and ten crew members on the Paris-Cairo flight lost their lives when the plane disappeared over the Mediterranean Sea.
(END VIDEO CLIP)
MCLAUGHLIN: Is it time to disband the TSA and use private security firms instead? Pat Buchanan?
PAT BUCHANAN, AUTHOR & COLUMNIST: Not likely, John. Let me say, though, this week’s EgyptAir going down in the Mediterranean just off Alexandria, Egypt, is going to make this problem of security at airports even more difficult and harder to enforce.
But as for the idea of shifting to private concerns, you know, first, the insurance and liability of any private firm that did that would be extraordinary. The price would be -- would have to be dramatically increased for what they’re doing, I think. I’m not sure folks would take it on and I’m not sure most Americans would even want that kind of risk.
So, I don’t think you’re going to get change. And if you’re going to get any kind of change, you’re going to get is probably, you might get more folks working for TSA.
ELEANOR CLIFT, THE DAILY BEAST: Well, you’ve got – air travel is up considerably, lots of people were flying. Vacation season is here. TSA should get the resources to be able to handle this. Congress doesn’t want to fund anything and that’s a problem. They just like to complain. And to think that a private monopoly could take over and somehow magically make all of this better is really a fool’s errand.
Given what’s happened in this flight over Egypt, you see TSA officials, they are in touch with their counterparts all around the world. And as the FBI Director James Comey said, the world is getting smaller. These are really like virtual security agencies now. This is no time to try to just overhaul everything and bring in an inside profit-making overseer in what is really a government-regulated entity.
MCLAUGHLIN: Tom Rogan?
TOM ROGAN, NATIONAL REVIEW/OPPORTUNITY LIVES: Yes, I disagree actually with Eleanor and Pat. I think there are good examples. The U.K., Heathrow and Gatwick, of what private security companies can do a better job.
MCLAUGHLIN: Say those names again.
ROGAN: Heathrow and Gatwick, which are the two British airports in London.
And I think the problem is, we got to airports across the country and you see TSA officers, some working very hard, some sitting around. And I would say it represents the failure of government, that a private security company, because it is so attuned to the need to deliver to that particular airport at that particular time, rather than to a bureaucrat in Washington who has an incentive not to get rid of anyone so their roles can increase. There’s that lack -- it’s government. A government doesn’t work as well as the private sector in a lot of places. And the critical issue is that the FBI and local law enforcement, the Joint Terrorism Task Force, have control over the actual operational security in terms of counterterrorism.
So, it’s two together, and look at the lines we’re seeing. I mean, it is ridiculous --
CLARENCE PAGE, CHICAGO TRIBUNE: It’s funny you mentioned that, Tom, because the last time I was in Heathrow changing plane, I missed my plane because of a long security, and there was never an explanation as to why they need a security and we were in the same terminal from one plane to another.
ROGAN: Have you been to Dulles? Have you been to Dulles recently?
ROGAN: Dulles is a disaster. I think the United States rightly has a reputation for --
PAGE: You know what we’re missing here, though, is last summer, we had a surprise TSA inspection and you may recall that, what, 98 percent of the objects they were trying to sneak through got through.
PAGE: And so, TSA was terribly embarrassed. But what they’ve done is tighten up now and -- what happens, when they tighten, is you get long lines. We do need more facilities, like Eleanor said and we’ve actually cut the funding of TSA in recent years.
PAGE: We’re going to have to build that back up in order to have safety and short lines.
BUCHANAN: If we have an EgyptAir incident here, I do think folks, Tom, will really not be saying, let’s bring in private enterprise.
BUCHANAN: They’ll be saying, bring in more government agents and all the rest of it. People turn to that -- when you’re dealing with something like airlines, it’s lives and safety and security, people will turn to government.
CLIFT: Yes. You do not outsource national security. And this is essentially national security.
ROGAN: No, but we don’t. The police officers and the FBI will have the operational control of the no fly lists, no watch list. The security agents are looking at bags --
BUCHANAN: You’re going to hire more police and FBI.
ROGAN: I’m with that. I would agree with you. I mean, you think -- but look, the risk is increasing and now, we can see Charles de Gaulle, the great concern about this EgyptAir flight, we don’t exactly at the moment, is Daesh staying quiet. Al Qaeda is staying quiet. What if there are more plots in the pipeline? That’s the great concern in Europe.
CLIFT: Well, you prepare for the worst, but you don’t necessarily tweet it out as fact. Not mentioning any names.
PAGE: But the issue with the long lines is really, you know, the bag checks is what it is, you know, and the x-ray machines that we go through. That whole procedure needs to be bolstered and speed up.
ROGAN: The sad thing is, at some point, people are going to be able to get through.
BUCHANAN: But, you know, what a success, in the way -- a horrible success 9/11 was in terms of what it’s done to this country, not simply bringing down those buildings and killing all those people, but the enormous cost imposed on America from all of these airlines waiting, all the rest of it. Amazing.
CLIFT: Yes. Although the people who lost their lives on that EgyptAir flight would be happy to stand in line for hours if it meant they’re going to be saved.
CLIFT: So, I think we have to put this in perspective.
MCLAUGHLIN: You know, there are baggage fees.
MCLAUGHLIN: And the $25 and $35 baggage fees --
BUCHANAN: You sound like you’ve been there recently, John.
MCLAUGHLIN: -- should be waived. You know what they should be waived? Because they encourage passengers to take luggage through security, creating delays. Congress should take action to ban the fees. Do you agree with that?
PAGE: Yes, I like the idea because we do find people bring in more and more bags.
PAGE: Including me.
MCLAUGHLIN: Issue Two: Obama’s Overtime.
(BEGIN VIDEO CLIP)
MCLAUGHLIN (voice-over): In what Barack Obama calls a minimum wage increase for the middle class, new federal rules on overtime pay were introduced this week. Overtime is defined as work beyond the 40 hours a week. The changes mean that employers have to pay time and a half wages to 4.2 million workers who make less than $47,476 a year.
And note this, according to the Department of Labor, 56 percent of those eligible for new overtime pay are women. Fifty-three percent of those eligible have at least a four-year college degree. And 1.5 million are parents with children under 18.
But while liberals are celebrating the news, others are less happy. Speaking to USA Today, Trey Kovacs of the Competitive Enterprise Institute argued the rule would impose a, quote, "huge cost and regulatory burden on employers who face pressure to cut back on benefits and full time employees," unquote.
(END VIDEO CLIP)
MCLAUGHLIN: Question: will this policy raise salaries or will it cap salaries? Tom Rogan?
ROGAN: Like Obamacare, it will cap salaries. I mean, it is just it’s just unbelievably stupid. I mean, if you look at what’s happening already with Obamacare, with people cutting wages, with people putting people on lower hours so they can avoid the mandates -- that’s what’s going to happen here. It sounds great on paper. It sells well with MoveOn.org, but it is going to be very bad for businesses. And the proof will come in two years when we see what happens between Texas and California.
CLIFT: It’s going to affect over 12 million people. It turns out that businesses have been classifying people as managers when they don’t manage anybody and when you have managers earning less than the people at work for them, something has gone awry. So, they’re blowing the whistle on this practice.
There’s going to be pushback from business, there’s always is. But this is the right thing to do. It’s an attempt to raise wages that employers have kept their foot on to keep down.
BUCHANAN: Well, look, the idea that a bunch of politicians, most of whom never created a job in their entire life, can determine exactly how business should be managed by millions and millions of businesses who work every day, what’s going to happen is, somebody’s going to get a pay raise here, other employees are going to be dropped off. Some shops are going to say, let’s get out of the U.S. and all these regulations and move to Mexico. It’s all going to be all worked around by these millions and millions of people, and Congress will say, look at what a wonderful thing we did.
And it’s the same old nonsense. It’s why the country is in economic trouble.
PAGE: This is also why there’s so much support going to your protege Donald Trump, because people out there, working people, are upset over the growing wage and pay gap. This is one way of addressing it. It’s not perfect, but those folks who say Washington isn’t aware of what ordinary people are going through out there --
BUCHANAN: How can Washington decide exactly the terms by which a company sitting there with its books working all those employees around --
PAGE: It’s a last resort, Pat. It’s a last resort, Pat.
BUCHANAN: But you give a flat out mandate to all these companies.
PAGE: People have not -- working people haven’t had an increase in 30 years.
BUCHANAN: Why don’t we raise everybody’s pay to $50,000 and get it over with?
CLIFT: What they’ve done is they’ve labeled everybody a manager so they don’t have to pay overtime. That’s not fair.
PAGE: The workers can’t afford it either.
CLIFT: Regulations are designed to protect the people.
BUCHANAN: How about employees working with the employer and the boss and quitting and moving to another job and striking and all? These things that -- people work out their problems themselves without the help of --
PAGE: The negotiating power.
BUCHANAN: Without the help of those clowns up on the Hill.
PAGE: Folks with a high school degree or less don’t have -- don’t have the negotiating power, and that’s why they’re getting screwed.
CLIFT: Ayn Rand is not president. Barack Obama is and this is something --
BUCHANAN: The community organizer, how many jobs did he create?
ROGAN: He’s missed the mandate and --
CLIFT: How many jobs did you create, Pat?
BUCHANAN: I worked for Reagan. He created 20 million.
PAGE: More jobs created under his administration than there were when he came in.
ROGAN: Right. But it is one of the slowest economic recoveries we’ve ever had.
PAGE: Oh, yes.
ROGAN: Well, it is. I mean, the economic --
PAGE: That’s what the critics say -- they’re got to find something to criticize. At least it’s a recovery. That’s better that zero. It’s better than letting the country go bankrupt.
BUCHANAN: It’s better than zero, but Tom is right. It hasn’t -- one year has it gone at 3 percent. 1984 --
PAGE: It’s better than every other industrial country aren’t we?
BUCHANAN: 1984, Reagan hit 6 percent.
PAGE: What country is doing better?
CLIFT: It’s a worldwide slowdown and actually this country is in very good shape.
ROGAN: We need productivity and our productivity is in the toilet and that makes it -- that’s why we can’t increase wages is because employers don’t have economic gain to pay for it.
CLIFT: No, American workers are the most productive in the world.
ROGAN: But our trending is down.
CLIFT: And the employers aren’t appropriately rewarding them for that productivity. That’s what’s going on.
BUCHANAN: If were the most productive, why did we lose 6 million manufacturing jobs in the first 10 years of this decade?
CLIFT: Because we don’t want to do those kinds of menial --
CLIFT: -- labor. And --
BUCHANAN: They’re manufacturing jobs, the best jobs working people have -- gone.
PAGE: Well, let’s impose the big tariffs that you want to impose and then we’ll keep all of our commerce here. But that’s not going to increase overall productivity either.
BUCHANAN: Under McKinley, when we had a huge tariff, growth was 7 percent a year.
PAGE: Let’s bring back those McKinley years, that’s right.
BUCHANAN: It was 6 percent a year under Reagan. It’s just that I think Barack Obama is a community organizer. He should have gone to business school.
CLIFT: The nature of work is changing and you’re not going to bring back those assembly line jobs. So --
BUCHANAN: Donald will.
CLIFT: Yes. Well, we’ll see. I don’t believe that for a minute.
MCLAUGHLIN: Exit question, will Obama’s -- excuse me, President Obama -- overtime rules be an overall boost to the economy or an overall drag on the economy? Pat Buchanan?
BUCHANAN: It’s just one more pile on regulation which will slows things down.
CLIFT: It’s a boost to the people who need it and if it’s a teeninecy (ph) drag on employers, that’s what it was built. Teeninecy (ph), it’s a pretty minor move.
ROGAN: That which Pat has said.
PAGE: I think wages have been depressed for so long that we’re not going to know the difference as far as overall productivity goes. That’s what you find when the wages have been suppressed for a long time. It takes a while to catch up. And this move would be modest.
BUCHANAN: Why have they been suppressed? President Obama has been in power for eight years.
PAGE: President Obama has increased employment during his years, Pat.
BUCHANAN: But you’re just complaining about no pay raises.
PAGE: You said 10 years. He’d been in office for 10 years, you know?
CLIFT: Right, and there is that Republican Congress there that doesn’t do anything.
MCLAUGHLIN: Sounds like a perfect crime.
They will be a drag on the economy.
Issue Three: Bernie Versus The Party.
(BEGIN VIDEO CLIP)
SEN. DIANNE FEINSTEIN, D-CA: Well, it worries me a great deal, you know? I don’t want to go back to the ’68 convention, because I worry about what it does to the electorate as a whole, and he should too.
MCLAUGHLIN (voice-over): Democrats are roiling in the sea of political turmoil. Senator Bernie Sanders is continuing to generate excitement and strong showings in the ongoing Democratic primary race, and refused to drop out and endorse Hillary Clinton.
And many senior Democrats fear that the longer Senator Sanders stays in the race, the more money Hillary Clinton will have to spend defeating him. The party officials want to unify around Hillary Clinton and refocus their fire on someone else. Namely, presumptive Republican presidential nominee, Donald Trump.
Still, the tensions are only increasing. While Mr. Sanders have been accused of threatening Democratic Party officials, Mr. Sanders says his party is disrespecting its liberal base.
(END VIDEO CLIP)
MCLAUGHLIN: Question: what happened between Clinton supporters and Sanders supporters at the Nevada Democratic Convention? Eleanor, you want to speak to that?
CLIFT: When they were awarding the delegates, the Sanders people felt that they were unfair and the proportionality of how the delegates were awarded. And so, I think a Sanders person threw a chair or something. Anyway, sort of a minimum of violence erupted.
Look, I think that Bernie Sanders has every right to stay in the campaign until the end. He may -- he could even win California. Hillary Clinton won California in ‘08. She was winning primaries at the end. She had a stronger case against Barack Obama in ‘08 than Sanders has against Clinton in terms of the -- she has won 3 million more votes than he has. She’s won many more primaries, big state primaries.
And I think he’s done wonderful things energizing people, focusing the message, that’s all good. But now, he’s kind of taking a turn where he’s suggesting that if she gets the nomination, that that’s a rigged process. And if his voters believe that he has really been screwed out of the nomination, it’s going to be very hard to get them to back her. So, he’s got to begin making that turn. I think he will, but there’s some tense times here.
BUCHANAN: But first off, it is a rigged thing. These superdelegates or whatever they are, 500 of them, immediately going into Hillary’s basket.
Secondly, John, Ms. Feinstein said, talked about the ‘68 convention. I was at the ’68 Democratic Convention. And it is not going to be like that --
ROGAN: Up in a hotel room, right?
BUCHANAN: I was on the 19th floor of the Conrad Hilton. It’s not going to be like that at all, but I will say this, Bernie has -- this is the last hurrah of Bernie Sanders. He’s, what, he’s 74 years old, and more and more, he has the aspect of a kamikaze pilot about him. He’s going to take this thing all the way into this convention, right through that last ballot, and he wants to be an influence upon his party as the way, say, Senator Goldwater was who lost the election in 1964 badly, but really influenced the future.
And I can’t blame the guy. He’s been fighting for these beliefs his whole life. He’s now got an enormous following. He’s got every right to go to the convention and speak at the convention. And I think he’s going to say it was a rigged process. I think he’ll endorse Hillary. But it was a rigged process, Eleanor.
PAGE: The rigged process was designed --
CLIFT: Yes, she didn’t rig the process. I mean, she was a victim of these rules four years ago. So, he leaves -- eight years ago. He leaves some mistaken impressions.
PAGE: And it was an uphill climb for Obama eight years ago because of these rules. Hillary had all those super delegates initially and he had to earn his, the gains that he made and the nomination. Bernie faced the same challenge. I think you’re right, Pat, I think he’s not going to get the nomination, obviously, and he wants the leverage to have as much of an impact as he can on the platform.
The whole question is, though, can the party pull together afterwards? The party that’s the least unified is the party that losses.
ROGAN: And the difficulty we have here is that the anger on the part of those Sanders supporters is very real, and they do feel that they are being steamrolled over and that the establishment, and the connectivity between the perception of Hillary Clinton as a kleptocrat, someone who does the Wall Street speeches, versus Bernie as the genuine guy is real.
ROGAN: And I think it’s going to be very hard for them to unify. And, of course, Donald Trump is the person who benefits.
CLIFT: But he has a legacy to worry about. He doesn’t want to be seen as a guy who cost the party the presidency, number one. And number two, he wants to be seen as someone who changed the party rules. And they can give him that. You know, get rid of superdelegates, have open primaries.
BUCHANAN: The young people, the millennials now are as agitated and angry, as the outsiders and liberals were in the convention in Chicago. They’re not as violent at all, I don’t think. But they are as angry and they do feel shafted. Of course, then, Bobby Kennedy had been shot. Gene McCarthy was knocked out and so, was McGovern, and Humphrey was basically -- who never want a primary, took the nomination.
They were bitter. You’re going to have the same bitterness here.
PAGE: There’s a big difference between now and ’68. But that is what the --
MCLAUGHLIN: The --
PAGE: Well, go ahead, John.
MCLAUGHLIN: Well, I want to point that the rift between the Clintonites and the --
PAGE: Sanderistas, Bernie bros.
MCLAUGHLIN: Deep and worsening. Sanders says DNC chair -- get a load of this -- Debbie Wasserman, chairman of the DNC, unfairly backs Clinton.
ROGAN: Yes, that’s true.
MCLAUGHLIN: In Colorado, just a moment -- in Colorado, just a moment, Sanders delegates are getting threatening calls from Clinton backers.
PAGE: Yes, they’re behaving like Trump people. Shame on them. But the fact is that they have a -- well, if Bernie will stand up there in the end, hold up Hillary’s hand and say, we’re unified, all of this goes away.
BUCHANAN: Well, it would be like Teddy Kennedy up there, the ’80 convention. He walked on the stage. I was up there walk right on, around and off
BUCHANAN: Carter following him.
CLIFT: Yes. But, you know, President Carter wouldn’t debate Ted Kennedy. That was a very different season and Kennedy was far, far behind in delegates. He had no hope, and he was angry and Carter was going to lose unfortunately.
ROGAN: We’re going to get one more debate.
PAGE: But one advantage Bernie has had is that there’s no attack ads against him.
CLIFT: That’s right.
PAGE: The other Democrats don’t want to attack Bernie, but they’re attacking Hillary like crazy, and then we wonder why is Hillary doing poorly in the numbers now.
BUCHANAN: In the polls, I can’t believe it. One poll this week, Trump is five points ahead, Hillary.
PAGE: I can’t believe it either, Pat. I can’t believe it either, Pat.
ROGAN: The RCP average is still three points by Hillary.
CLIFT: The speed with which the Republicans have unified around him, because they smell, hey, maybe he’s not a big loser, maybe he’ll win, and that’s what’s going on here. And --
PAGE: We say ‘losah’ now.
PAGE: You got to learn how to talk Trump.
MCLAUGHLIN: Issue Four: Castro’s Conundrum.
(BEGIN VIDEO CLIP)
MCLAUGHLIN (voice-over): He’s energetic. He’s handsome. And he’s touted as a possible vice presidential running mate for Hillary Clinton. No, it’s not Pat Buchanan.
It’s secretary of Housing and Urban Development, Julian Castro.
But Mr. Castro has a battle on his hands, that’s because some progressives believe he is too conservative, or perhaps too close to Wall Street, to join Mrs. Clinton’s ticket. And an alliance of activists in New York, Philadelphia, Los Angeles and San Francisco are calling on Mr. Castro to adopt his department policies for selling bad mortgages to Wall Street.
This week, Mr. Castro showed he might just be listening. The secretary introduced new rules that will require lower principal cost for affected homeowners, a five-year fix on interest rates and a restriction to prevent firms from abandoning properties.
Still not everyone is happy. Some say Mr. Castro’s actions will discourage investment in impoverished neighborhoods.
(END VIDEO CLIP)
MCLAUGHLIN: Question: is Castro making policy with a view to seducing Hillary Clinton? You want to speak to that, Eleanor?
CLIFT: Well, these are policies he inherited from his predecessor. He hasn’t even been at HUD, what, he’s been there maybe a year and a half, two years. And he’s been working to change these policies ever since he got there. So, I don’t think this is done with an eye to seducing Hillary Clinton.
But I think he clearly would like to be on the ticket. And then he’s apparently on the shortlist. I mean, he -- former mayor of San Antonio, which is not a strong mayor position, and I think the main rap against him is that he’s very young and doesn’t have a whole lot of experience.
But he’s an appealing figure and he’s Hispanic, and Hispanics are going to play a huge role in November. And so, he has -- he would energize that constituency.
BUCHANAN: He would not even be considered for this as secretary of HUD and a mayor of San Antonio, were he not Hispanic. As we were talking in the green room, what was it? Barack Obama, there was -- the Hispanics are 16 percent of the population, but there are only 7 percent of the vote. So, you can energize that Hispanic base and maybe he can do it.
To some degree, it would be enormously helpful in these swing states where Hispanics are growing in numbers. Virginia would be one. North Carolina would be another. Florida would be another. Not simply Cuban Hispanics.
BUCHANAN: So, that’s his attraction. That’s it, yes.
PAGE: I think we can tell how well he’s doing by the very fact that people are trying to put out some dirt on him, trying to link him with that seedy, unseemly side of the Washington/Wall Street connection. It’s a tenuous charge at best. But this is the beginning of the same --
PAGE: It’s the same kind of charge that Bernie people are making against Hillary Clinton.
CLIFT: He’s had to work on Wall Street.
ROGAN: The challenge, Clarence, though, I think is that if you look at who is going to be buying -- we need someone to buy these properties. And if not Wall -- the worry with these restrictions is that Wall Street or any other business won’t by them and then the government payroll controls it, right.
So, then you have that decline and despair, the entrenchment of poverty.
BUCHANAN: So, a lot of guys won’t --
ROGAN: It’s a hard balance.
PAGE: Are you supporting Castro’s policy or opposing it? I’m not sure.
ROGAN: Obviously. I think if you can -- the key is that you have upward mobility. So, if Wall Street is buying it and selling it off to -- that’s a problem. But if you can have a business interest balance with the public interest, that’s what you want and I would -- you can’t disincentive it so much though that’s out of proper incentive.
CLIFT: Well, Fannie Mae and Freddie Mac can’t hold those mortgages forever and so, he’s now going to be selling into Bank of America. If you’re a purist, if you’re a Bernie purist, you probably don’t like it. But who else would it -- who would he sell them to?
CLIFT: I think it’s an appropriate policy.
PAGE: That’s right.
MCLAUGHLIN: What about Hillary? Does she need a Latin American veep?
BUCHANAN: Well, that’s it. That’s the only reason he’s under consideration is, he’s a prominent, popular, attractive Hispanic. I don’t think he’s got presidential credentials.
ROGAN: And he’s young.
BUCHANAN: And he’s young and he’s the next generation.
CLIFT: Yes, we call it identity politics and, obviously, he comes under that category.
She’s got a lot of other picks. But she does need someone to energize young people.
CLIFT: And he might be able to do it. Yes.
MCLAUGHLIN: The answer is no. Trump has it locked in, and she doesn’t need a Latin veep, unless he’s Cuban American.
BUCHANAN: A Cuban American would not help her as much as Mexican Americans.
CLIFT: What? No.
Cubans and Hispanics are generally or Mexican Americans are not necessarily allies.
PAGE: But you’re right that Trump is our biggest ally –
MCLAUGHLIN: Thanks, too. I know you’ll come a way -- come to my way of thinking.
Forced prediction: Federal Reserves interest rate hike next month will be the last this year. Pat, is this right or wrong?
(DOG HEARD WHINING)
BUCHANAN: I agree with the dog. I say no.
CLIFT: I agree with the dog and I say yes.
ROGAN: They are not raising interest rates but what a wonderful dog.
PAGE: The dog is starting point now.
MCLAUGHLIN: The answer is wrong. There will be another interest rate hike in November.
We at THE MCLAUGHLIN GROUP send our heartfelt condolences to the family and friends of CBS News legend Morley Safer, for the landmark reputation for exceptional investigative journalism and keen objective reporting.
Say hi to Don Hewitt, Morley.