purpose is somewhat different from the purpose of either party. how perfect was is that lincoln's inside. it would be much more sensible to stop invokeses god's names, and instead to offer up the world's best known prayer "thy will by done on earth as it is in heaven." thank you so much for watch iin matt millen is in for dylan. >> i'm a linking love myself. you're calling us to our better angel, so we have a statesman-like hour ahead. we'll have new insight on what's next in libya. we're going to have some incredible look at the three things that you could do now to boost jobs immediately, plus the only small business strategist in america with her own look alike fashion doll. the show starts right now.

the big story today, wanted dead or alive. they have, and amnesty for -- good afternoon. i'm matt miller in. these new pictures are from inside the compound. earlier today gadhafi claimed to have gone out of triply undetected and vowed to fight under. and breaking out in the capital city, between loyalists and rebels. joining us now from london,

fawaz gerges, and james troub. gentlemen, welcome. james, let me start with you. what could we make of the situation in tripoli at this hour. does that mean there's still another chapter or two yet to be wring here? >> i think you have to expect things would be chaotic and weird in ways that nobody expected so, yeah, it's bad in the sentence that these guys have a kind of a bad magical power. until he's apprehended, i expect that would be more different to put down the insuration glee

there is more chaos than violence. they are firing against in the air. they are sort of looking for gadhafi and his loyalists, but with so much gunfire coming from so many people, the rebels frankly don't know who is firing, they don't know if they're being fired upon. we've seen rebels who sometimes will engage each other. there's no one really in control here. fawas, we've all heard about the fog of war. what do you make of this? >> there are pockets of resistance, not only in tripoli, but in libya, and that is to be expected. what's really surprising is how

swiftly the gadhafi forces were routed, how swiftly tripoli has fallen. they're acts as that spirit's militia as opposed to a unified command and control. the most important challenge is to, first, to coordinate the actions, create a unifieded command and control, and begin the process of institutionalization. what you're sigh is the major failure of the rebels ease moment, the inable to institutionalize itself, to create a unified command and control. they don't realize what's happening on the other side of town.

the u.s. is looking to maybe release assets to the transitional authorities. when you have chaos like this the way fawas and richard engel are -- what's the right way to think about that? >> i don't think the money is the sure today. it will be the issue in a few weeks. this is inevitable. this is a country that's never had any meaningful institutions. the rebels were a group of individuals who took matters into their own hands, so it has to be this way, but hopefully not for long. my understanding is today in qatar, you have a meeting with diplomats, and i think over the course of the next few days,

they've already moved about five people from benghazi into tripoli, and of course they'll be moving all of them. what will be happening over the next week or two is an attempt to organize some kind of legitimate proto-state, interim state, which has to expand to include other elements. the council was created in ben gauzi and consists largely of easterners, and more worldly sophisticated westernized groups. that leaves on you the better betters of the west, southerners, and of course loyalists. they know that. if you listen to what they say and read their draft constitution, you can see they understand that they have to expand to be a genuinely inclusive government. it's a big task, but it's the task that has to be done. >> fawaz, it is extraordinary.

we all sit observing these events in air-conditioned rooms in the well organized reasonably governed western nations. it's more than just a moving train. it's really trying to fashion something that's never existed in this corner of the world before. are these rebels up for the challenge? >> no doubt they're facing daunting tasks, first is pacifying tripoli and libya, securing the peace. that's why coordination and command and control, a unified inclusive government is the first priority without security. if you have a security vacuum, you have the potential for explosion. we know what happened in baghdad. the second point about money, i would not gift a single penny to the rebels unless there is a particular international transparent money that makes sure that the money is spent and invested in libya.

remember what has happened in iraq and afghanistan. tens of billions were siphoned off, as opposed -- while put in swiss banks as opposed to invested in libya. yes, you were the international community to provide as much financial aid as possible to the rebels, but i also want to make sure that the money is spent in a transparent wait, invested in the future of libya, and libyans. and finally, i think yes, unless the rebels rise up to the challenge, and the challenge is a unified, transparent, inclusive government that brings in all aspects of libyan society. the regional differences between the east and west, the tribal differences, the ideological differente difference us and most important of all, i would argue building institutions from the bottom of block by block. remember, matt litia is it a wasteland. gadhafi has brought ruin to

state and society. that's why the tasks facing the rebels are daunting indeed. >> i want to talk about the weapons for a second. the state department has released money to ngos to try and help secure what they may fear are weapon stockpiles that gadhafi had under his control that could include things like portable anti-aircraft missiles, things that could be used against the west if they felt into the wrong hands. >> i think the answer is very worried. there's already been sizable traffic of weapons across the border into egypt and algeria, including some sophisticated weapons. maybe the broader question is, is there a need for some kind of peacekeeping force, that is to

say not to keep down the gadhafi forces? they're done for, i think, given the chaos and fratercide, who would you get in? i think that since the two big issues as we've been saying are politics and security, i'm not sure that the libyans are going to be able to fully organize their own security. there may be an argument for some kind of external quickly organized peacekeeping force. >> now, just a nanosecond, what is mr. asaid thinking when he has al jazeera on his television set. >> the significance of what happens in libya transcends libya. the implications not just about libya, in north africa, yemen, in syria. in fact, some of the dissidents and rebels in libya have signs saying now libya, tomorrow

yemen, and the day after syria. this tells you about the consequences and the lessons that will le learned. remember, first testify tunisia, eye jept, then braun, oman, yemen, libya and syria. if there's one lesson, it's that the revolutionary momentum in the arab world is not even a -- it's going full cycle still in libya and other places as well. >> fawaz gerges and james straub, thank you for sharing your perspectives. up ahead, our specialist with the three things we request do right now to lower the unemployment rate. and bracing for impact. nearly a third on notice for hurricane erenal. coming up we'll talk with the weather channel.

first, earth quack? zingers from our friends out west. ♪ i'm in love ♪ i'm all shook up

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sgluf things are getting back to norm at at east coast airports with only minor damage from yesterday's earthquake. so now that the shaking has stopped out east, over on the west coast, they're shaking their heads. i'm from l.a., so they includes me. across twister and facebook, this picture went viral with the title "dc earthquake devastation" a tipped-over

chair. a rude dig, no doubt, but many west coasters want to know what's the big deal? we brought in our crack team of senior seismic analysts, "the washington post" editorial writer and msnbc, jonathan capehart, imogen webber, and imogen you're from the uk. >> i'm a huge expert. >> you don't share my quake skepticism? >> no, fondly enough, it was slightly scary yesterday. first of all, i think with 9/11, with the anniversary coming up, i can understand why those in the sky scrapers, you can understand that. also, let's face it, the last earthquake like this was in 1944. you've had 35 since then on the west coast. bear in mind on the east coast, the buildings are built like they are on the west coast.

we saw that with the monument, the cathedral, so i think we had right to be concerned and with the nuclear reactors as well. >> those are all fair points, but at the same time i have to say in last when i was talking -- the idea of a 5.8 earthquake requires a full-deck on-hands alert. >> no 5 you eat 5.8s for breakfast. it's the same way we look at see the footage from dallas or los angeles from the little snowstorm that seems to have ground the whole place to a halt. but i think there's an issue, which are we prepared for it? i thought, okay, we had that earthquake, i've been through earthquakes before in japan and the west coast, but you see people panics, running out of the buildings and press conferences being shut down. what would happen if it was bigger? are we in a position to deal with it? >> i think "the daily show" will

have a lot of east coast based media reaction to yesterday's earthquake alert. what did you make of it? >> well, matt, imogen, rob, i am sitting in the very spot when the earthquake happened, with all the glass around me wobbling and shaking. for those of us on the east coast, not used to this, it was a very scary sensation, a very scary feeling, and also as imogen pointed out, coming so close to the anniversary of 9/11, if people didn't think earthquake, they thought something else, something much more horrible and dangerous -- not that earthquakes aren't dangerous, but cut us some slack -- cut us a bit of slack. >> we will cut you some lack. i think we need to put some kind of earthquakeproof construction at the post there, jonathan. they have to create a cone of safety for our pundits.

>> a tent should pop out, like an air bag. there you go. i need an air bag. >> we'll look to "the daily show" for the clips on how they have fun with this. there's other real news today, as we look at the money and political scene on the u.s. front. the latest reports are showing that the democrats are out-fund-raising the gop. the latest is a $24 million lead, the democratic party, $129 million thus far. the government counterparts just $105 million, even though there's lots of talk about the president's base not being energized, because they're frustrated with some policies or alleged weakness. what do you make of this early democratic showing? >> this is showing me being an aliens out of space. i find these numbers absolutely extraordinary. >>. >> because they're so big? >> we've had strict legislation since 1883.

the last election it cost in total for all political parties $50 million. it happens over four weeks only. the sums they're talking about here, a billion for obama's campaign, and we have dylan talking about the corruption element of it, but also a billion. i was reading the other day that a billion in infrastructure should buy you 25,000 jobs. >> surely at some point somebody somewhere is going to come out and campaign on this, on campaign finance reform and win. this is crazy. >> she's got a like, but i like my boost employment via campaign sending plan. >> i think we'll find a television where we're being carried, it's probably helpful to have all that money going into the system, but i would think this reflects two things from my perspective. one is there's a divisiveness in the party, and i think that's probably taking an effect in the

fund-raising. the v was in politico today. at the same time i don't think there's a guy that they're psyched about that people are rallies around in the way they can for obama. >> i think rob makes a great point. if you look at the money on the outside, there's an argument that these officials party numbers are almost meaningless. when you talk to most candidates on the ground, their campaigns, they're word in a way that's more than usually the case. in the last two weeks, you've got millions and millions -- with every one of these senate races that the uk spence on the whole campaign. how does that factor into how we should look at this? >> look, the republicans have

been very good about raising tons and tons of money for outsiders. the name of bill burton's group escapes me at the moment, but former deputy press secretary, he has an independent group racing money hand over fist to do battle before karl rove's groups. rob said something interesting about the fact that republicans aren't rallies around behind everything. that might explain why the numbers -- i would like to say that it's because of reaction to republicans taking over the house and some governorships around the country that the reaction around the country of democrats has -- could be one of the reasons to explain why numbers for democratic committees have gone up.

the reaction of people who say they're angry with the president is pushing them to not give to president obama directly, about you to campaign committees in wisconsin and tennessee and ohio and other places where progressives feel like they're being pushed up against the wall. >> some of this money could be being diverted to the build jonathan capehart an earthquakeproof bubble -- >> air bag. coming up, is there any reason to feel optimistic about an economic recovery. ♪ everybody hurts ♪ sometimes my doctor told me calcium is best absorbed in small continuous amounts.

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1234r50 the unemployment rate will not dip below 8% until

2014. it's the latest in a series. the number of economists has nearly doubled. mio joining me is daniel gross. >> good to be here, matt. we are talking about -- a couple things, you know, weatherization, bill clinton talks about painting roofs white, a lot of people need insulation, all this stuff is labor intensive, involves domestic labor, and it pays dividends, because it can reduce people's costs, raise their

operating income at a time when the top line isn't growing. so that's one. >> all these states, don't take advantage of them. >> you've got two more, give us this. >> this has to do with the federal reserve. the federal reserve pays interest rates. if you're the -- you park your money at the fed, the fed pays you interests on that. they should stop paying interests, give you an incentive to do something with that money other than give it at the fed. >> rob? >> one thing on this reserves, and this gets geeky, i know.

>> for keeping excessive deposits in the vault. isn't there a reason. bankers do something stupid with money? >> i think it happened once or twice, maybe in bring. >> there is a slight hazard. yes, we want them to lend the money. the banks have little incentive to lend. to make a mortgage, who wants to put that kind of money out there? >> because interest rates are so low, they're funding at very low rates. >> that's kind of the back-door capitalization.

all those banks took t.a.r.p. money, where basically if you show -- you can get new money and replace it, but instead of 5% to the government, you pay 2% or 1% if you're lending the money out. so incentives work, even for bankers. >> i know you had a third idea related to public transport? this has not so much -- but doing less harm. a lot of cities and states, they are raising fares on public transport. >> because of their budget crisis? >> these are aggressive taxes on working people. if you can't increase the income, if you won't extend the tax cut, if you impose new costs, at least people a break so they can get around, shovel some of this money to the transportation organizations, on the condition that they keep the fares where they were.

>> interesting yesterday, and "shovel" is a technical firm. >> its think you're a breath of fresh air. my worry is the euro zone. it is imploding. we all agree it is a disaster area, and it could well derail the economic around the world. could i get your take? >>. >> can you fix europe, too? >> please. >> i'm hoping for the collapse of the euro so we could all go to greece and resident house foss comparative cheap next summer. >> a little humor. >> the euro currency against the dollar has remained rather strong. the europeans like to slag on the u.s. for our poor policy and subprime. >> i wouldn't dare. >> they have a series of nations and going back to recession in many instances. theft one of our biggest trading

partners. so there's a degree to which you can say italy is not going to grow? are we exporting a lot of stuff to italy? not so much, but you want a lot of other forces in the world. >> jonathan, a question? >> yeah, dan, of your three ideas which you showed, which i thought were all very interesting. of them can be done without the position going to a congress that has made it clear they don't want to do anything that would remote by give him a victory, even a victory that would be of benefit to the american people? >> you know, the fed and do the other two, yeah, maybe you would have to go to congress for that, but there's a lot of money laying around, they have set

aside for things like this. you could use the fed's balance sheet. -- i'm sorry, the federal government's balance sheet, you borrow on our dime and you get a lower rate. >> time for one more question, ben bernanke is making a much anticipated address at jackson hole at the big annual conference on friday of the central bankers and fed watchers. do you expect we'll hear anything new from him on the domestic front? might he even hint the fed is somehow going to play a role in what's going on -- >> i don't know if rob will agree with me. >> first of all, i'll try. >> if you are waiting for this federal reserve chairman at this point to come out and do smelling heroic. if you are buying stocks in the anticipation that he's going to pull something out of his pocket and do something enormous that will help the economy, you are going to be disappointed. >> dan gross says sell stocks

thursday, be safe, sit out the weekend, not that the dylan ratigan show is a stock-picking show -- >> and i agree with you. >> thank you for your common-sense accessible ideas. thanks always to our megapanel, jonathan capehart, imogen lloyd weber, and thanks, matt. up next, hurricane irene, a hurricane that follows our hurricane-like panel, gaining strength and grabbing attention of the nearly 80 million americans potentially in her path. for a while now, you've been taking an antidepressant.

but your cloud of depression is still with you. maybe it's time to ask your doctor about adding seroquel xr to your antidepressant to treat your depression. seroquel xr is a once-daily, extended-release tablet, which means medication is released around the clock. for many, seroquel xr, when added to an antidepressant, was proven more effective than an antidepressant alone at helping people feel less depressed. call your doctor if you have unusual changes in mood, behavior, or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. elderly dementia patients taking seroquel xr have an increased risk of death. call your doctor if you have fever, stiff muscles, and confusion, as these may be signs of a life-threatening reaction or if you have uncontrollable muscle movements, as these could become permanent. high blood sugar has been reported with seroquel xr and medicines like it and in extreme cases can lead to coma or death.

your doctor should check for cataracts. other risks include increased cholesterol and weight gain as well as seizures, dizziness on standing, drowsiness, impaired judgment, trouble swallowing, and decreases in white blood cells, which can be fatal. use caution before driving or operating machinery. isn't it time to put more distance between you and your depression? talk to your doctor about seroquel xr. if you can't afford your medication, astrazeneca may be able to help. hurricane erenal is now a major category 3 storm threatening millions along the eastern seaboard. irene has been pounding the bahamas with winds topping 115 miles per hour. it's next expected to hit the

outer banks as early as saturday morning, with new england in the cone of concern by sunday. is the weather channel's carl parker is in atlanta. which areas face the biggest threat? >> i have to be honest, this is shaping up to be a scary scenario from a lot of the east coast. in fact we've got now an extreme threat area for southern new england, down into the jersey shore, we do not use that very often. we're talking about multiple threats, wind surge, waves, rain, and it will depend on the track, but we feel certainly this will be a large and powerful storm. right now category 3 storm, it has been pounding the bahamas today, now coming up into the central part of the bahamas. as it moves to the north and west, we think it has potential to maybe be a category 5 storm. it will begin to feel more shear as it nears the coast of north

carolina, getting into saturday morning, could come right over cape hatteras, possibly as a cat 3, which would cause major damage. and then beyond that, coming up into the northeast. the model guidance has been trending a bit to the left and closer to the coast. look at this, it may be as high as a category 2 into the northeast. this could be a tomorrow unlike we have seen for decades. you'll recall there's a lot of rain in the northeast, so we have saturated ground in new england, also into new jersey. for that reason, major flooding is possible, could be tornadoes as well. wind damage, this could be huge. there could be tree and power line damage across a huge area of the megalopolis, leaving literally millions of people in the dark, if it does come up along the coast, and indications are leaning towards that. we're talking about tremendous storm surge, battering waves as well, maybe 30, 40 feet coming

into vulnerable areas. this will be an historic storm if it happens that way, and again we have that high threat level extending up into the northeast. so this is shaping up to be one of the worst storms we have seen in recent memory across parts of the east coast. back to you. >> obviously very serious. just quickly, obviously people need to make serious preparations for this, especially for travel and just for personal security, but you guys, for people who aren't familiar with meteorology the way you experts are, does it ever happen that something like this can get diffused along the way? is there any case for hope here? >> sometimes it does happen you see something move off a little to the east. in this case there's nothing to hold it back. we think for one thing it would be a strong storm going into this scenario, so it will be hard to bring that down. there won't be a lot of shear, and the models are beginning to settle on a solution that takes it up along the coast. where they have been trending right for a few days, they're settling on the solution that takes it up along the coast.

so i think we'll be in for serious impacts, and maybe even some extreme impacts in our major melt rhos. >> carl parkers, thanks for that update. folks should be taking this stuff seriously. coming up, when an idea just isn't enough, our next guest teaches business strategy in a bad business climate. her secrets when we come back. purina cat chow helps you well-being. we're all striving for it. nurture it in your cat with a full family of excellent nutrition and helpful resources. purina cat chow. share a better life. and form a layer called biofilm

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earlier in the show, we talked about the tough road the u.s. will have getting americans back to work the jobs won't come from capitol hill or wall street. they'll come from people like you, aspiring entrepreneurs. is it really that easy? we're breaking it down today with carol roth, the author of "the entrepreneur equation." welcome. you're the only business strategist i know who has a fabulous look alike fashion doll that we have a picture like. every business strategist needs that. i love that. >> thank you, matt. if you're male, it's an action figure, and for a you're female, it's a fashion doll. i believe i am the only business strategist with one of all. >> your insights will be equally uniq unique.

it's not that simple, is it? >> it isn't. before we got into this mess, 90% of businesses failed within five years. and most businesses were not innovative and not growth oriented, so not all businesses are created equal, matt. so we need to focus on the right opportunities, the right time and the right resources. if the don't have capital to invest in your business you can't hire people. >> you've been an investment banker. >> yes. >> is it true that folks just not being able to get the credit lines they need to expand or even make payroll in some example? >> it is true.

it's dried up across the board. and there was less demands, but it wasn't actually demand from the business owners. it was they were afraid of being rejected. they have given up all together. they're not able to get it together from the banks, and even sort of the friends, families and fuels, or i like to call them the ddls, doctors, dentists and lawyers, people they know who might be able to throw cash, they're tightening their purses as well. if they don't have access to capital, theorem worried about making that you are mortgage payments. >> we got a her from one of our radio you realize who wrote a letter to dylan last year -- this is a restaurant tour, 20 restaurants closed in this little town. only by hook and crook did i

survive. i pay more than half of all my revenue in taxes of various kinds. i don't know how much longer my business can tread water. as i struggle to it makes me sick. it's a very tough climate out there. one is just how much time they're spending versus administrative issues. something as easy as expanding the defendant mission of what a 1099 employees is and independent contractor who make it so much easier for businesses to hire is but right now they have to hire people, and it makes it different for them to focus. we want people to be focused on their business, not on paperwork. >> for folks thinking about starting a business. i know every individual case

would be individual, but generally speaking, how can people know or gets a sense of how -- >> i think you have to have the right mind set. you know we're talking about acts to capital. if you think of something who has just lost their job, that personal is in an emotional state. in having that big grow. if you're in a position where you have to decide, okay, i've made a dollar of profit, do i maybe my mortgage with that, get what they're going to do? they're going to pay their mortgage, so i think you need to be in the right mind-set and have those financials in order in order to sustain -- and that's the conundrum we're in in terms of job creation. if they don't have the money to invest in the businesses they won't grow and we can't create jobs.

>> look at the groupen story, they've come out of the nowhere, it won't happen to everybody, but what do you make of that? >> i'm from chicago, so groupen is our darling. they have done a phenomenal job in a very short period of time of growing the business and creating a lot of jobs. the differentiator, access to capital. they have great deep pockets, so they're ability to invest, and they're spending tons and tons of cash, so that really is the differentiator. if we're going to break it down to something, it's show me the money. >> one of the things i wanted to ask you about, the unique america system i think is a huge barrier. folks who may have a great idea, but maybe they have some preexisting condition themselves, they have job lock. they can't afford to give up

that health coverage and roll the dice on their family's health. it could take years to be implemented, wouldn't that make a difference economically? that's a leading question. >> yeah, i think a lot of the small business owners actually do believe that. we've heard in weeks past places like walgreen's are going to start off health care, but certainly things like health care, paperwork, all the administrative issues that the business owners have to face, and running the business that don't directly create revenue, but distract them. they are definite issues and make it heart, and we have 28 million of them. >> just 15 seconds before we go. last words to aspiring entrepreneurs. is the glass half full, half

empty? what would you say? >> i would say if you fail to prepare, prepare to fail, do your homework, get the experience and get your financials in order first. if you're going to do this, it's not going to be the band-aid issue. really give it serious thought before you take that plunge and that leap. >> carol roth, wise counsel, and the only business strategist with her own look align fashion doll, which is always fun. thanks for sharing your insights. >> thanks, matt. coming up on "hardball," a closer look at the texas economy. is it really the miracle that rick perry claims it to be? first, advice for the pundits who got it wrong on libya. jack. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, this is pretty good.

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time for our daily rant. our friend ari melber is here. >> thanks, matt. >> they stormed the compound for the first time yesterday as another dictatorship was toppled. the victory came about six months after president obama launched an offensive in libya. the most important development is is the end of the regime, but a good time to assess or pundits. take, in february, he said it was, quote, pathetic that obama tried to prioritize diplomacy over military engagement. in april, abrams was upset that the u.s. was not directly arming the rebels. simply refusing to give them

weapons, he argued, would lead to a stalemate. a direct quote -- the obama administration clearly thinks it's a nice compromise. we're in, but we're not in. there's tough rhetoric, but no men on the ground. we're helping the rebels, but not giving them weapons. it's a formula for stalemate and more rebel debts, unworthy of our country. well, that was flat wrong. whatever you think of the rebels and this nator air campaign, it didn't end in a stalemate. gadhafi is out. what did abrams make of that news? he just wrote a new piece. the grouchy headline was not obama's win, and it goes downheld from there. abrams actually contradicts himself further. now he says there was no question whether the operation would bring down gadhafi, it was only a matter of climb. that claim is the opposite of the stalemate if you look at the pundits who backed the iraq war

or the neocons who advocate intervention and complain there isn't enough troops on the ground, it seems the records have no impact on their influence. like bill crystal who said we would be greeted as liberators, or sean hannity who said we would be out of iraq by 2005. i'm not saying 14eshd be shut out of the debate, but you would think that the media would at least -- and they would somehow feel -- >> pundit accountability, i this could del dangerous topic, but i think you're entirely right. dural the iraq war when the statue was toppled, this was after many said that the clinton administration had hollowed out the military. bill clinton had been the only one in office between 1992 and 2000, so he built the military that actually won in iraq, so i wrote a column saying clinton military triumphing in iraq, rush limbaugh called down his

ditto heads saying it was false, when in fact he was wrong. they hadn't destroyed the u.s. military. why do we let folks like us and others who opine on these thing not be held to account when circumstances prove them wrong? >> well, that's what i find so fascinating. i think part of it is you have people that just barrel on through. the quotes i drew are out there. some people are cynical about them, but there's a real lack of shame or western. it's okay when you're a reporter, sometimes you have to run corrections. my concern is we have people advocating policies, and then they're not doing their own corrections on what they have said. >> and yet it does leave is in a situation where we're going to have both sides in sort of a kind of war over who's right, who's wrong. can that -- would that be healthy for the media to try to do a more systematic accountability watch on who's getting these things wrong? >> i do think it would be