Summary

WASHINGTON, DC FEED CNN POOL COVERAGE OF SENATOR JOHN ROCKEFELLER (D-WVA) AND DEFUNCT DEMOCRATIC PRESIDENTIAL CANDIDATE FORMER MASSACHUSETTS SENATOR PAUL TSONGAS ADDRESSING AN AMERICAN BUSINESS CONFERENCE MEETING IN DC ABOUT THE ECONOMY. 11:26:25 ROCKEFELLER BEMOANS THE DECLINING INTEREST IN ACADEMIC ACHIEVEMENT AMONG HIGH SCHOOL AGE STUDENTS AND THE EROSION OF PUBLIC FAITH IN POLITICS. 11:36:13 HE DENOUNCES PRESIDENT GEORGE BUSH'S STATE OF THE UNION TAX BILL ULTIMATUM TO CONGRESS AS A MARVELOUS CHARADE, PREDICTS THE GRIDLOCK IN GOVERNENT WILL PROPEL WOMEN INTO POLITICS, DISCUSSES THE JAPANESE APPROACH TO MESHING THE INTERESTS OF GOVERNMENT AND BUSINESS AND ARGUES BUSH'S HANDS OFF POSTURE TOWARDS BUSINESS HAS FAILED. 11:46:30 HE EXPLAINS BUSH THREATENED TO VETO HIS PROPOSED AUTHORIZATION OF 10 MILLION DOLLARS FOR THE NATIONAL INSTITUTE OF SCIENCE AND TECHNOLOGY WHICH WAS INTENDED TO HELP COMMERCIALIZE ADVANCED TECHNOLOGY, COMPARES THE GROWTH OF HEALTH CARE COSTS TO CANCER AND ADVOCATES STRENGTHENING THE COMMERCE DEPARTMENT. BREAKUP. 12:01:18 ROCKEFELLER FIELDS QUESTIONS FROM THE AUDIENCE, EXPLAINING THE DEMOCRATIC INSTINCT AGAINST CUTTING THE CAPITAL GAINS TAX IS MOTIVATED BY A DESIRE TO REPAIR THE INEQUITIES THAT RESULTED FROM THE 1981 AND 1986 INCOME TAX CUTS. 12:14:15 TSONGAS ENTERS THE MEETING HALL STEPS TO THE PODIUM AND SPEAKS, DECLARING THE GOOD NEWS IS THAT THE PUBLIC NOW REALIZES THAT ECONOMIC HOPE HAS TO COME OUT OF ECONOMIC REALITY; THE BAD NEWS IS THAT THE POLITICAL ESTABLISHMENTS IN BOTH PARTIES ARE IN A STATE OF CONFUSION, PREDICTING THE CAMPAIGN OF POTENTIAL INDEPENDENT PRESIDENTIAL CANDIDATE ROSS PEROT WILL WITHER OVER TIME AND CLAIMING HIS SUSPENDED CAMPAIGN INTRODUCED THE CONCEPT OF GENERATIONAL RESPONSIBILITY. 12:23:59 HE DISCUSSES THE RETIREMENT OF SENATOR WARREN RUDMAN (R-NH), DESCRIBES HIS PROBLEMS SECURING FUNDS FOR HIS CAMPAIGN AND COMPLAINS THAT ECONOMIC POLICY IN WASHINGTON IS GENERATED BY POLLS. 12:29:08 BLANK UNTIL THE END. CI: POLITICS: PRESIDENTIAL PRIMARY CAMPAIGN, 1992.