through you your head. >> for took 24 hours, but we don't know all the facts. >> a roping eye? >> i enjoy flowers from everybody else. >> the koch brothers expert on global warming agrees. the earth is getting hotter. he joins us live. . after a manic monday, we begin with what could be a tremendous tuesday as the embattled candidate comes off the biggest fund-raising day ever while in the throws of damage control over a sexual harassment story. he kicked off the week with disclosures about reports confirmed by nbc news that two female staffers accused him of harassment and received cash pay outs and whileç the fact of su charges is serious enough, it's cain's handling of the allegations as drawing the sharpest criticism.

>> herman cain made a fool of himself yesterday. made it up as he went along. >> but cain just keeps talking, offering his latest version on cable network hln. take a listen. >> as i recalled what happened 12 years ago, i recalled an agreement. i wasn't thinking legal settlement. the words have been -- i do recall an agreement. >> okay. so now cain recalls an agreement after saying repeatedly he did not recall much of anything. >> i can't recall. i really can't recall. i haven't been able to recall. i don't recall. i can't recall. i don't recall. that i don't recall. and i don't recall i don't recall which came first. i don't recall, greta. i can't recall. i don't recall signing it. i don't recall having that.

>> the fact that i don't recall doesn't mean i didn't seen it, but i don't recall if i signed it. >> there were more than that actually. cain continues to contradict himself even doing so without the context of single interviews and within the context of those interviews. conservatives are jumping to his defense, arguing that it's pardon part of a process to tear down a black republican. >> liberals detest conservative blacks. if you are a conservative black, they will believe the most horrible sexualized fantasies of these --

>> 20 plus times he said he didn't recall. >> exactly. he is carefully choosing his words, but then changing the story, it's not a good week for him. at the same time a lot of conservative republican primary voters don't like to see a candidate dragged into the headlines on the television. may may rally to his defense. we are in a day and age where you can raise money off a gaffe or something controversial. i wouldn't be surprised if his supporters are opening their wallets this week. >> conservatives are evoking the idea of racism, but doesn't this fly in the face of what cain said in the past and race was

not an issue? >> well, anybody can say that. barack obama said that at times as well. he say black candidate running for president. you can't ignore that fact, but i wouldn't say that a lot of people are really framing this that way. the facts do speak for themselves, but news outlets have beenç confirming that his campaign said it was untrue. he had to change his story. it doesn't look good for him. >> for doesn't look good here. when will be the last one. when will limbaugh and all the rest say okay, no more free passes and for that matter, what about the other candidates. perry was asked about an event and stayed away from the issue. huntsman was asked about it and did allude to that. there were distractions and when did they take advantage of this if they do at all? >> i think that's a tricky issue. when you come up to the primary

campaigns, candidates prefer that the rivals end their own or do something that trips themselves up. they don't want to take part. certainly the people that are watching him be the front-runner in the republican primary are not happy with him. they are not too sad that he is taking a tumble. also the candidates know it could be them to have their name have a really bad week. it's really a matter of what the voters will say in about two months. >> what do you make of this? a fairly clear contradiction with greta van susteran on fox saying he didn't know about the settlement and put a dollar amount at three months salary. is this something like what michael steele said earlier today? similar to watergate where the cover up is getting bigger than the wrong-doing. >> i would not necessarily compare it to watergate in this instance, but we don't know the details of the situation. it doesn't look good and the

fact that he changed his story doesn't help. in the end voters are e val jvig based on the president. do i think he is lessç likely be the president today than on saturday? definitely. there is a lot of time between now and iowa and that people go to the caucuses and a lot can change. >> we put this aside for a second, a large way with legal implications for the campaign's operations, there is the group, americans for prosperity run by the billionaire koch brothers, one of the state chapters he also ran prosperity usa, a wisconsin corporation and he is the campaign's chief of staff. the question is about an alleged $40,000 owed from the campaign to prosperity usa and certain illegal donations.

>> that could be a big deal. a shout out to roll call writing multiple stories about what the staff was like and many of them hailed from wisconsin and some of the ties. he has an unusual campaign structure. not to mention the fact that he is not running this campaign the others are running. he is not spending a lot of time and he is doing this book tour. those are the questions that voters will need to evaluate and they have evaluated them. they are topping the polls right now, but when it comes down to it, they haven't met this person to be able to ask more about whatever plans i'm interested in and maybe i won't caucus for him. those issues could be a bigger deal. >> tough times for the campaign perhaps, but he is making a lot of money, a quarter of a million. we started by talking about it. thank you so much. >> thanks for having me. >> coming up, can newt, the king

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while rhetoric on the campaign trail heats up, skepticism surrounding it remains the focal point. here's mitt romney late last week in the midstç of the late flip flop. >> we don't know what's causing climate change on the planet. >> it was only june that man was partially to blame. here's rick perry who believes scientists are making it all up. >> the science is not settled on this. just because you have a group of scientists who said here is the fact, galileo got outvoted.

>> michele bachmann is distrustful of science as well. >> i believe all of these issues have to be settled on the base of real science, not manufactured science. >> yet some of the wealthiest skeptics are fining themselves operating behind the scenes and the influential cokoch brothers. when they contributed $150,000 to the skeptic himself and his team, investigate what skeptics believe to be questionable data supporting chimate change. the only problem, they approved otherwise. for more on this, the man behind the times. in santa fe, they have been talking about his results. richard, thank you for spending with us to discuss this. you focused on two specific pieces of skepticism. first off that whether stations were unreliable.

why is that relevant and what did you find? >> i believe that everybody should have been skeptical two years ago. the data for the stations were shown and confirmed by the u.s. government to have large uncertainties associated with it. it demanded a closer look. that's what we did. we got into thirç business to take a look at the issues being raised by skeptical scientists. >> the weather stations were providing inaccurate information that indicated the temperatures were higher than they were. >> that was the hypothesis. so what we did was got the record of the stations and divided them into two degrees, the bad stations and the good stations, using our mathematics and physics, we can calculate the temperature stations. i expected we would see more of

a rise and we didn't. i'm trying to understand that. we did not find that. my interpret of this is the stations may be warm or average because of next to buildings or heat sources when they record changes and increases in temperature, they are not giving biased results. that surprised me and i think it's an important result. >> you are a skeptic coming into the research. hypothesis from skeptics is that cities were creating hot spots in the atmosphere. what did you find? >> they are. it's rather dramatic. you look at the temperature rises in places like new york city and tokyo and many other places. we found this and we look around the country and find many places that are. what we did was divided the world into two categories. one was far away from cities and the other was all the temperature stations and compared.

we use all of them and get a temperature rise about 1.6 degrees fahrenheit. if we used the rural stations, we only get the same answer. thisç indicates that although there places like new york city and tokyo, there is a tiny fraction of the area of the world that it does not affect. >> global warming is happening, however your coauthor according to a british newspaper said you were hiding certain data that would actually indicate that the world temperature, the global temperature is going down. what are you saying to this allegation coming from your coauthor from georgia tech? >> she was misinterpreted. she is here and we have been seeing each other every day. we are in 100% agreement. the data we analyze and show cannot be use to either confirm or deny a slow down in global warming over the past 13 years.

she was referring to other data, not our data that shows that. i even pointed out that other data shows that, but when i was asked about whether our new analysis demonstrates that, i said no. she was misquoted. >> she is now responded and you are saying the two of you are now in agreement. after the koch foundation funded your research and put out a statement that said the project is ongoing and entering peer review and we are proud to support the strong transparent research. >> they are still supporting you, but were you asked to take a second look at the data and were they upset with it? >> not at all. from the beginning, they said they would like to see the science be made more transparent and done at the highest quality. one of the things we have done is taken our data and analysis and madeç them available onlin.

anyone can verify us. if they disagree, it's easy for them to check. business is high. my sense is they really didn't know what the answer would be. they felt i think properly there had been questions raise and we would do it and have. they never once indicated to us what they hoped we would find. >> so let's tie a bow on this. the candidates question climate change and you heard the sound we played at the top of the segment and they are skeptical with the science surrounding it. what do you think is necessary for them to understand what you are now describing or do you still believe that skepticism is warranted? >> yeah. there is plenty of of room for skepticism. what we have shown is that warping has taken place over the last 200 years hachlt is clear. that was one of the issues raised by skeptics and has now been answered.

the out standing question is, how much is due to humans? if you are not skeptical, you are not being scientific. there is a big uncertainty there and it may be according to the government, the un panel said it's most of the last 50 years is due to humans. most of the 1.6 degrees fahrenheit and they have large uncertainties. it could be half. it makes a big difference for policy. if it's .8, we have plenty of time. we can employ conservation measures and other things. if it's 1.6, we will look at it. >> professor, thank you for joining us.ç appreciate it. >> coming up, why newt thinks it's a two-man race and one of the men is him. [ male announcer ] cranberry juice? wake up!

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>> right now president obama and vice president biden are meeting with the house democratic leadership to work through the stalled jobs plan in a sluggish economy. this as they continue a painful downward slide. down 253 and change less than an hour to the closing bell. global investors are nervous about new çuncertainty about a deal that bail out greece. the president is about to head into europe's woes next week late tomorrow. he will fly for a g20 summit that kicks off thursday. the eu and continued fear of spill over will likely top the president's agenda there. he is about to had the into this week and not next week. at the white house to give us more details on that. the president getting into the mess directly. the key decision makers.

>> they support the bank bailout leaders that they came up with last week. in reaction to what we are seeing unfold right now in greece, they are trying to take a calm approach and this is a reminder that the details of the bank bailout really need to be enumerated and action needs to be taken. you are absolutely right, richard. no doubt what's happening in greece right now has the capacity to shadow over the g20 summit. stocks falling here in the u.s. are falling globally as well right now. as markets watch what's unfolding in the uncertainty there. what happens in europe impacts what happens here in the united states. the administration watching what is happening very closely and at the same time trying to really stay calm in the face of what

seems to be a bit of a brewing storm right now. >> positive note that the president can take with him is a nice healthy shining check up. >> that's right. we got theç results of his physical late monday. the headline out of it is that the president is tobacco-free. compare that to the results last year that said the president was engaging in nicotine replacement therapy, suggesting that he was in the process of trying to quit. this president has made no secret of the fact that he struggled to quit smoking and something he talked about on the campaign trail when he got into office. he talked about falling off the wagon and heard the first lady talk about it and her efforts to encourage him to quit smoking. it seems like based on the results of this physical, he has finally done it. by the way, the president told jay leno last week that he has

quit smoking. by the way, this is something that 46 million americans are struggling with. 46 million americans smoke. a lot of people will be watching this closely. the physical also interesting for a few other reasons and said the president is eating healthy and active and his cholesterol is down. excellent results all-around. according to that physical, he is fit for duty. >> the fear of the first lady work when is it comes to the president. thank you, kristen. >> the day's top line are coming up. stick around. >> we are having a little fun, at the same time our relationship with china is so important. our dad brings should go to the table that none of the others do. that's an experience on the world stage. that's kind of what we are trying to send in our message as well. just one phillips' colon health probiotic cap a day

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>> for i could do it over, i would start with the last interview i did and make that the first interview of the day. because after 12 hours, i was able to gradually recall more and more details about what happened. >> the roaming eye at all? >> a roaming eye? i enjoy flowers like everybody else. as far as a settlement, i am unaware of any settlement. >> the mainstream media goes for the ugliest stereotypes they can to attack a black conservative.ç >> this many white people can't pretend this they like me. >> at the restaurant association, outside of the restaurant association, absolutely not. >> that's the whole -- >> ♪ it was grace ♪ that brought me liberty >> things that made these women

uncomfortable made them angry. >> huh to end the segment on cain and two nuns, huh? >> this is pure maybele syrup from the state of new hampshire. >> sorry. >> the day has been awesome, girl! >> best case scenario, that dutydut dude's hammered. >> rick perry has become rick perry cuddling with syrup. >> let's get right to it with the panel in washington. strategist and democratic strategist epstein. thank you both for being here. certainly moments where people can laugh and get a good chuckle here, but when it comes down to it, we are watching cain at

least at the moment. his train perhaps derailing and about perry getting punch drunk in the speech. it could be an opening for newt gingrich. how might he take advantage of the opening. >> he is a smart guy, whether or not he can be the nominee remains to be çseen. i think he has the possibility to serve high office some day. it probably in a republican presidential upcoming tournament, but with regard to cain, i don't know if the story is over with him. allegations are disturbing and i take harassment seriously. there is a termination and a settlement there, but that's the problem when you have a piece in politico where you don't talk to the women. i don't want them to release the games, but there unanswered questions and he may have been

treated unfairly. i wouldn't knock him out of the game yet, but there is more to be written with regard to perry. some of these things that happened are silly things that all candidates have to go through. it's good it's happening early, but newt is surprisingly strong. we see the debate after debate after debate. >> she strong and consistent throughout the months from early summer. >> earlier with regard to the termination waiting for confirmation here at nbc. how wide the door is open for newt right now and how he might take advantage of it. >> the front-runners have a longevity shorter than an average kardashian marriage. the commentary here is the commentary on mitt romney. he is always the bride's maid and never the bride.

the theory with gingrich is that if romney were competing against the ham sandwichç right now in the gop primary, he would only have 25%. given the fact that perry can't run away from the label of thought of as kind of and i think most and many republican voters think of him that way, cain should be disqualified for many reasons other than that. he can't answer questions about abortion and his own tax plan and dealing with terrorists. newt's theory is by process of elimination given that romney couldn't get more than 25% of the vote against a ham sandwich, it will be his turn to go around the merry go round. all of this is very, very bad for the republican party. it locks like this thing starts to look like a star trek convention and starts to make the field look like not a very serious field. >> on the other side of that, you respond to what julian was

saying, a lot of ham sandwiches there by the way. you must be hungry. about 3:00 in the afternoon. what's your thought? some might call here a policy that was a piece in wall street and the way he handled it, he wanted hands down. might he be the policy that can bring this around for himself as well as the excitement when the gop field? >> speaker gingrich is one of the smartest guys in the room and the grown up on the stage in many cases for the debates. i still think that romney is the front-runner for a good reason. this is what primaries do. this is part of the betting process. it would be different closer to the general election. democrats have gone through it and romney is that steady reliable guy. youç talk about the tortoise a the hare, but given what our

current president has been doing is to get this guy out of the white house and he clearly doesn't know what he is doing. he is elected as a rock star and americans will be ready for a steady sober hand at the wheel. i would like to see newt gingrich in a cabinet if he is president which is say long shot, i think he should be in the white house because he is that policy that is very smart and he belongs at the table. >> and newt gingrich feels comfortable in saying he is a two-man race and the issue of tiffany's and his wife being seen at tiffany's store that. is what he got rid of and made it through throughout the summer. is there something else that might pop up? >> it goes back to the 90s in impeachment days, more importantly, they go well on a national scale.

you really have to have that as a national candidate. he is a reasonably bright guy. in terms of the republican brand, he is very old and backward looking. he has been on the scene for so long and never really gathered that much enthusiasm. the other story that is out there is this idea that the democrats are pushing the story on cain. democrats aren't. they want nothing more than to continue to be the front-runner. to us it's like the inmates being in charge of the asylum. the idea that we have any interest in promoting this cain campaign, we would love nothing more than to see him as the nominee.

that's where this is going to cut. >> julian, you have 15 seconds and we have to go. >> to quickly mix metaphors, this is a circular firing squad. democrats, there is a saying never get in the way of an opponent when they are getting ready to commit suicide. it's like a jonestown suicide among the republican canned baits and they are all shooting themselves in the foot and democrats in a year where they could be vul dmerable will look back with a degree of satisfaction. >> thank you for your time and we'll go longer. always a pleasure to have you both. thank you for your time. did congress put dodd over jobs? >> when congress came and said

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>>. >> cochair of the simpson bowles commission took on the pledges made to norquist by every house republican and never raised taxes. take a listen. >> for norquist is now the most powerful man in america, he should run for president. no question about his power and let me tell you he has people enthrall enthralled. he raised taxes 11 times in his years. i didn't like that at all. i said he did it, why do you suppose? he probably did it to make the

country run. another sick idea. >> as it drags its feet exploding debt and deficits, congress has other mattercç at hand. they put aside the issues important to voters in order to vote on a resolution that would reaffirm the phrase in god rwe trust. according to the bill's sponsor, republican of virginia said to directly confront a disturb suggest trend of inaccuracies and omissions and rose the challenges in efforts to remove him from the public domain by unelected bureaucrats. the congressman is a dam krat from minnesota and joins us live from capitol hill. thank you for this. viewers are thinking with all the challenges we face, why is congress talking about this? >> i think it's just basic drakz

distraction. the american people are well confirmed and well aware of how to deal with their religious affairs. they don't need congress telling them to trust in god. they can handle their own ideas. congress does need to promote the welfare that is not what we have been doing. we are out of our lane. we are in their religious affairs and not doing what he is supposed to do which is getting the economy working. >> when do you think the colleagues and yourself will get into the issue of creating jobs and a jobs bill stalled right now in parts as well. do you think the divide here is just too wide at the moment? >> i'm optimistic. i am one of the people who believes until there is no point in it anymore. the american people are demanding that we do something on jobs. i was home this weekend and we were talking about them having a lot of pressure on them. theç foreclosure crisis and fo

stamps relying on them more and more. people are working and getting into the game to make money. i know if i'm hearing it, my colleagues have to be hearing it. i don't know how we work on things we don't need to work on. they put every waking moment. >> when they started the new rules banning symbolic or commemorative resolutions, they opposed a resolution honoring troops after the killing of osama bin laden because it wasn't meaningful enough. what's the reaction right now when leader kantor continues to block most of the president's jobs plan. >> i am aware of the opposition to the tim bolic resolutions and things like that. i was shocked that something like this would come up today. i think it's an act of desperation and they want the american people to think they are godly, but they are doing this at the same time they were

contemplating cutting things like home heating oil and head start and food stamps and things that i think every moral code and religious group would say we should do for poor people. the fact is that there is no religious leader i know of who said we don't have a duty to the poor. at the end of the day, i am shocked and think they switch and violated their policy because they are that desperate. >> what's your reaction to what now reached the floor of congress? are you offended at all? >> i'm as religious as anybody. i'm a praying person and i believe in god. i don't think that congress is doing its job when it tells americans about how we should trust in god. we do trust inç god. we believe congress needs to do its responsibility in promoting the general welfare and helping people. >> congressman keith ellison, always great to talk to you.

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>> president obama heads for the g20 summit as stocks fall at home and nations work to stop the crisis in from spreading to italy, spain, and beyond. the host of the summit and the issue there as it is at the occupy demonstrations happening all over this country. jobs and the economy despite slightly better economic news, the jobs picture is bleak. consider this chart we have showing the growth of employment in the united states since 1949. your eyes obviously immediately

jump to the last ten years on the right side that saw growth plummet from 22% to 4% from 2000 and 2007 to a negative 6% today today. jared bernstein is a former policy adviser to vice president joe biden. jared, we like at that chart that was posted on your blog title on the economy. you basically say, the reason why we sigh this on this picture right here, it is a problem on top of the problem, the heart of why we're at negative 6% is not really just the recession. explain that. >> sure. every decade since the 1950s, and this is republicans and democrats, this is not a political statement here, we've added 20 to 30% in terms of employment growth, until you get to the 2000s, and then over that business cycle, you see job growth of only 4%. if you compare the '90s, we added something like 25, 26

million. if you think about the 2000s, it was about 5 million or so. and that's -- predates the great recession, of course, where we lost millionsç of jobs. at the same time, with such weak job markets, many middle class families actually fell behind. the poverty rate was higher at the end. higher at the end of that expansion. middle class families were lower. so the fact that you see people very unsettled about the developments over the great recession is because they were facing a tough economy before it even hit. >> and you also cite along with what you've just described here other reasons. and let's just for our viewers here, from your blog entry, show what those are. one of those that you describe as fast productivity growth, one would think with fast productivity growth, that that would be good. >> yeah. well, it typically is good. i think you have to be mindful of the extent to which productivity growth is based on, quote, labor saving technology.

there are accelerations in the use of capital. but in fact, we've had productivity growth over the long-term. what was particularly tough in the 2000s, and of course, worse now, was the absence of strong enough demand to absorb increasing efficiency in our economy, something that we've always done. and here i do have -- >> you mean, we're too good of workers right now? >> well, i think we've had productive workers, some of the most productive workers in the economy all throughout that graph. in a way, richard, you have to ask yourself, how come we had high productivity back in the '40s and '50s, no higher than it is right now, and we were adding, you know, 20%, 30% per decade? i think one of the policy problems has to do, and here i am going to wax a little political, has to do with this failed strategy of supply-side trickle-down. if you don't -- >> and that came from the '80s. >> and the 2000çs. >> jared, i wanted to at least

drill down a little bit more on what you're saying. true high productivity, if we have obtained that, and globalization, which the global economy has for the most part assumed that was good for our pocketbooks, if those two are really being reached right now, is the reason why we're seeing that dip is because everything's realigning and because things are about to get better? and if so, when are they going to get better? >> look, what you have to worry about is that very weak job performance of the 2000s, putting aside the recession, which was a unique financial bubble and all that, is some sort of new normal. we are creating jobs in the private sector, 2.5 million since the spring of 2010, but not nearly enough to get the unemployment rate down. and the key intervener here is demand, is jobs, is wage growth for the broad middle class. again, the thing -- >> two years, three years? how long? >> no, i think it's going to be

two or three years before we can look for that kind of growth more broadly speaking. you know, there's still enough to get through. >> jared bernstein, thank you so much. we could talk about this all afternoon. it's a subject i very much enjoy. appreciate your time today and a chart that makes us think a lot. appreciate it. we'll be right back as closing bell approaches on wall street. take a look. [ mom ] alright guys, play with your toys after dinner. looks beautiful, honey. [ rattling ] jason... really buddy, wow. samantha jane. ♪ guys, christmas dinner and you're bringing toys to the table? ♪ that, that's not a toy... let's eat! [ male announcer ] get low prices on the gifts they love. and layaway is back, so you can pay a little at a time. save money. live better. walmart.

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helps cover some of it. that could save you up to thousands of dollars a year in out-of-pocket costs. and you can visit any doctor who accepts medicare patients. rates are competitive. and these are the only medicare supplement insurance plans exclusively endorsed by aarp. so don't wait another minute. be sure to call today. call now for your free medicare guide and information kit about aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company. all right. we are moments away from the closing bell as we get breaking news on the debt crisis in greece. host of cnbc's "street signs," brian sullivan, joins us now. what's happening? >> what isn't happening? what an insane day. we know that greece has a debt problem. we know that last week, theoretically, they made a deal where they would get a bailout. your viewers are familiar with t.a.r.p. here, well, this is called the t.a.r.p. of europe,

well, the bailout would happen and the markets surged last week. well, apparently last night the greek prime minister said, hey, i want the greek people to vote on whether or not they want a bailout. knowing the greek people's feelings about this, a lot of fear in the market that they would vote it down. today, the market starts collapsing and some other party official says, no, no, wag)e not going to have a vote, everything's fine. stocks started to come back a bit. and ten minutes ago, we get a headline again from pappn day y, saying, yes, we will get a vote. there's fear if the people are left to vote, they could vote it down. >> what would be the option? we've got 30 seconds here, brian, it's a tough question, but what else would they get? >> that's the problem. what would they get? they would get the feeling that they're not going to be in financial servitude to the rest of europe, which is how they feel. i've been to greece a few times. they hate the bailout, hate us a

terri terri terrifyty. it's this vote fear -- richard, for your viewers who are not day-to-day watchers of the stock market, this is where we are right now. that we're being held financial hostage by headlines from obscure politicians from greece. whatever happened to corporate earnings? i long for the day when business news was boring. >> that will take some time for that to be the case again. thank you again, brian sullivan. great stuff. thanks for watching here. dylan ratigan's here to take us forward. >> hey richard, thank you so much. show starts right now. well, good tuesday afternoon to you. i am dylan ratigan. prepare to get the auction gavel ready. all summer and fall, as we together launched our get money out campaign in preparations for 2012 and the establishment of our get money out foundation and the ongoing expansion of that effort. we have