they are concerned about srnlt global economy and the banks. how the european union will deal with the debt crisis here. what's going on is mostly an organizing day. they are celtsing in and ready to dig in for what they call the long haul. we heard from a few months to december or the new year. i don't think they know yet. what they are doing is organizing. they have meetings like they had in new york. they are asking for supplies and preparing to be here. in london they hoped to have marched through the london stock exchange. they are in front of st. paul's cathedral and have the approval to be here. >> thank you very much for joining us. for more on this mounting protest, we are joined by msnbc

analyst and rnc chairman michael steele and dana mill bank of the "washington post." the president speaking at the inauguration of the martin luther king,jr. memorial said the nation is in an economic crisis that left millions out of work and struggling to get by. by using that rhetoric, was he trying to align himself with the occupy protesters we have seen around the world? >> i think so. i think a little bit trying to get as close as he can, not knowing what the end point is and what the overall objective is. what is the overall objective of these protests? if the profit report came out and there was a billion or a loss, how would that feed in as you open the show? the president is making a calculation and trying to get as close as he can without getting

burned by the heat should this thing get hotter as the months progress. >> one network routinely referred to this as unhygienic. what are they seeking to cooperate for their own purposes? >> i don't think there is a lot of danger for the president. he needs to harness the energy. there needs to be a lot out there with corporate cash sitting out there. the amazing thing is not more energy. >> isn't there a danger of alienating the silent majority who are not protesting, but suffering nevertheless? >> i don't think so. i think that you see a lot of support for the protest because even among the independent voters in the middle of the country, they are sympathetic and they feel things have gotten out of whack with the system.

if there is danger to the demonstrators having obama try to give them a big hug. they have been let down by obama before. they need to be careful about letting him become the face of the movement. they have learned in not letting the republicans try to cooperate with the tea party. the wall street movement is learning as well to be independent and push the president and push the democrats and not to be consumed by them. >> that's interesting. eric kantor said we have elected leaders who are joining in an effort to blame others rather than focusing on the policies that brought about the current situation. that's what he said. the policies that brought about this situation were launched by president bush and not president obama. what is mr. kantor talking about? >> he is talking about that and eric kantor acknowledges the point that you just made. the policies were not just two years in the making or three

years in the making, but five or seven or ten or longer in the making. the broader point is what is leadership doing about it now? the 2008 cycle that began for the country illustrates that and became exacerbated over the last couple of years with the levels of trillions of dollars being spent to simulate the economy. now we are at a point after six alliterations of the job plan or job summit or meeting to have these protests that val vannize around this yes, sir of not just putting people back to work, but fixing the economy in the way that we don't go down the road again. both leaderships and democrat and republican have a responsibility here to step up before this goes any further. >> the current cover of the new yorker is timely. fat cat bankers saying leave

well enough alone and the president said the privileged will decry change as divicive. i recall that chris christie when he endorsed mitt romney said he thought the president was being divicive. is that the republican position now? >> i think so. they have to counter act it in some way, but the divisions have been building for a long time here. created by growing inequality. they are kicking more and more people out of their houses. there is plenty of division out there. the division is not being created by the people in the street right now. that is a belate and small reaction to the outrage. >> an agreeable interview.

herman cain tries to defend his 9-9-9 plan. [ male announcer ] at e-trade, investing means taking action with professional-grade research. and some of the most powerful, yet easy to use trading tools on the planet. it's investing with intelligence and cold hard conviction. e-trade. investing unleashed. vine-ripened tomatoes and real italian seasoned meat. the food got famous. and soon, so did the chef. hello, i am chef boyardee. quality ingredients no preservatives still in every bowl. quality ingredients a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it.

major wow factor! where you book matters. expedia. my son and i never missed opening day. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better, and that means... game on! symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. [ whistle ] with copd, i thought i might miss out on my favorite tradition. now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathing. today i'm back with my favorite team. ask your doctor about symbicort. i got my first prescription free.

call or click to learn more. [ male announcer ] if you can't afford your medication, astrazeneca may be able to help.

is is it it sfleanch sd and approximate. >> from jokes that don't go as planned to the plan that won't go away. here are the top lines. >> they clearly decided that romney is the problem because -- how do we say this? he has a versatility of the conviction over the years and we have an andy warhol primary where everyone is leader for 15 minutes. it's his turn today. >> it will be lined with barbed wire. electrified.

with a sign on the other side that said it can kill you. >> that's a joke. that's not a serious plan. >> you got a big laugh. >> that's a joke. i said america needs to get a sensing of humor. that was a joke. >> how do we fix health care? you get thr pills, three days off and three chicken noodle soups. >> for he can explain a 99% sales tax so people decide they'd want it. >> he's not running for president. he is strolling for president. it's not mismanage, but their mission to voi the economy? >> i'm not sure what you mean by neoconservative. i am a conservative, yes. >> he never fails to supply us with material. msnbc contributor and editorial

writer for "the washington post." we are grateful to him for that. former rnc chairman. clearly mr. cain has driven to you distraction. what upset you this 9-9-9, 6-6-6, who do you dislike pizza? what's the problem? >> all of it. that "meet the press" interview had me throwing things at the television. david gregory asked him why he thought stupid people were ruining america. then in his defense of the 9-9-9 plan proves he is one of the stupid people. how is it possible that you can have a plan that calls for a 9% national sales tax and then say that most people's taxes would go down and when pushed on it said that the 9% national sales tax only applies to new goods?

if you go to the grocery store and buy a loaf of bread and gallon of milk and get your medicine, you will be hit with this 9% tax, but if you buy a new flat panel television, you are fine. it's ridiculous! >> he seems to believe that responding to criticism is to say wrong, no. he said that's almost perfectly reasonable. every economy explained that they will leave the middle class worse off. why doesn't he revise the plan? >> is that for me or michael? >> that's for you. >>-i'm not on this campaign. i don't know who is. this rich lowry guy who is an accountant, why doesn't he do revisions of it?

i don't know. >> do you think mr. cane is talking nonsense? come on. >> i don't think he is talking nonsense. >> you don't? >> no. i think as a recipe or formula, it's as legitimate as anything else out there. jonathan is right, i was doing back flips while watching the show. i say i am living in maryland and i have a 6% tax on goods that doesn't apply to bread and milk. >> indeed. >> if i buy them now, it will cost me not 6%, but 9% more. you have got to reconcile that and look, i understand. >> reconcile? >> you have to scare it up. >> scare it up? >> you have to reconcile the

confusion that is beginning to form from people who are doing the math. working through in their own real life scenarios. take new hampshire and florida. they don't have a sales tax. they a pose 7 to 9% sales tax on an automobile and bread? >> jonathan, what are you going to say? >> there goes the new hampshire primary for herman cain. >> i'm sorry to talk over you there, michael. on the 6% maryland sales tax that you were saying, to keep moo n mind, the term an cain 9% tax is on top of the 6%. >> 15%. >> yeah, 15% tax you are paying on the gallon of milk. >> and that was my point. that's the problem. >> absolutely. mr. cain was supposed to attend

the dedication of martin luther king,jr. ceremony, but he failed to attempt. there has been a surprise. is this not consistent for a man whoa doesn't want to be associated with african-americans and not a man who is as dangerous as the greatest leader in the history of the country. he doesn't want to be associated. >> i reject that. >> you do? >> i know first off -- >> this is a man who said racism -- >> you cannot ascribe behavior and you don't know. you get a chance to ask why he didn't make it and had to get the answer. herman cain talked about his fight and battle and how he made it on his own. he was able to pull himself up and survive. i think that's a good american

story that martin luther king and every other person would be proud of. i don't ascribe any ill will. i was supposed to be at the original one in august and i had a conflict and could not be there this could. i wouldn't want you to ascribe that to me. >> i would not, but you are not running for president. why do you think mr. cain was not there yesterday? >> i have to agree with michael. i don't know why he wasn't there. he was in town because he was on set for "meet the press" yesterday. he should come forward and say why he wasn't there. we talked about this on friday. >> we did. >> about herman and his use of race in the campaign. useing it as a hammer against democrats. usually using it for himself is something to hold himself up. i don't understand herman cain

when it comes to race. i want to write about it given our discussion. we don't have a tortured relationship with race because it's clear where he stands on this, but i think other people watching him are having a hard time getting ahold of where he fits in all of this. >> jonathan and michael, thanks so much. particularly michael for staying with us. coming up, president obama takes his message on the road. [ male announcer ] take the fixodent 12 hour hold challenge.

♪ apply fixodent once, and it holds all day. ♪ take the fixodent 12 hour hold challenge. guaranteed, or your money back. ♪ an accident doesn't have to slow you down. with better car replacement available only with liberty mutual auto insurance, if your car's totaled, we give you the money for a car one model year newer. to learn more, visit us today. responsibility. what's your policy? whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain.

way to go, coach. ♪ to bring you a low-priced medicare prescription drug plan. ♪ with the lowest national plan premium... ♪ ...and copays as low as one dollar... ♪ ...saving on medicare prescriptions is easy. ♪ so you're free to focus on the things that really matter. call humana at 1-800-808-4003. or go to walmart.com for details. every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $7.8 billion to small businesses across the country so far this year.

because the more we help them, the more we help make opportunity possible. new video just into us just leaving superior court in washington, d.c. he was supposed to be the lead guest but was caught up in the protest yesterday and arrested on the steps of the supreme court. he was released and we are told

no charges will be filed. you can continue to follow the latest from the show on twitter at bashir live and facebook at facebook.com/martin bashir. coming up, the holiday police take on an elementary school principal. stay with us. [ indistinct talking on radio ] [ tires screech ] [ crying ] [ applause ] [ laughs ] [ tires screech ] [ male announcer ] your life will have to flash by even faster. autodrive brakes on the cadillac srx activate after rain is detected to help improve braking performance. we don't just make luxury cars. we make cadillacs. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you.

and we've been honored to walk with you to help you get where you want to be. ♪ you because your moment is now. let nothing stand in your way. learn more at keller.edu.

>> president obama made the case for his jobs plan. after the bill was blocked, the president said he was determined to pass it in pieces and use today's rally to contrast his proposal with the response of the republicans. >> they said no to putting teacher and construction workers back on the job. they said no to rebuilding the roads and bridges and airports. they said no to cutting taxes for middle class families and small businesses when all they

have been doing is cutting taxes for wealthy americans. we will break it up, maybe they couldn't continued all at once. >> they boarded the bus that rolls into virginia on tuesday. kristen welker is live. kristen, the president admitted he will be forced to break this bill into pieces and attempt to move it through in tekzs. given the nature of this congress, shouldn't the president have proposed a smaller bill from the out set or do you think this was deliberate some. >> a lot of people have actually asked the white house that same question. why not just try to offer up the bill in pieces from the beginning knowing it wasn't going to pass from the out set? the white house makes the argument that we want the bill to pass in total. what we are seeing this is a bit of a campaign tool. the president is using this as

part of the platform as they travel to north carolina and virginia and states that are now central battle ground states that could be key to reelection. the white house is pushing back against the notion that they should have introduced the bill in bits and pieces, but if you want anyone on the hill, it's the only realistic way to move forward with this legislation. when the president spoke, he focused on the party he would like to see get introduced first, namely a $35 billion piece that puts teachers back to work as well as first responders and we heard from harry reid that that is what is he is going to introduce first. >> while the president may be in a dogfight to sell the jobs bill, he raised a whopping $45 million and $60 million on hand. rick perry is a distant second with over $17 million. mitt romney raised $14 million

and a huge personal fortune and herman cain said his rising a million a week. that was shy of $3 million at the end of september. joy ann reid is a managing editor of the grio.com and we have a former candidate for congress in virginia. the "new york times" reveals the obama campaign opened up in 15 states and spent four million on payroll and has 200 staffers in the chicago office. how can anyone keep up with that? >> the republicans are going to discover what democrats discovered in 20005 e 4. it's not easy to beat an incumbent president. he has the stature and the pulpit and a mother lode of money and a huge staff. they have gotten the organizing firm and they never let that go.

they have know infrastructure that his opponent has not matched. >> talking about huge money. mitt romney's personal fortune is one of the things that perhaps puts him at a distance with ordinary americans. a photo here at banes capital which has been unearthed by the boston globe. how does he come across to voters as someone who feels their pain as he is throwing around dollar bills from an early age. >> it's very hard and we are seeing what's going on with the autopsy wall street movement spreading. the president is embracing a more president obamaulous message and a lot of republican candidates came out of the gate saying this is a mob and they are terrible. they had to walk it back. this is a popular message.

more popular than any of the politicians. >> sorry that a problem for the president? he recently went to the restaurant here in manhattan and people came spending i think $38,500 to sit. does he have a problem too? >> in 2008, barack obama raised a considerable amount of money. wall street is distancing from himself even as he distanced himself from them. that divorce is good for him to the ix at the present time that he can be the anti-wall street guy and increasingly unpopular. the more they are sort of catching on and saying that's the bad guy. >> is mitt romney the favored darling of wall street? >> he absolutely is. he is outraising the president from wall street. here's an interesting number. what you were referencing, last

election, the president raised $1 million from goldman sachs employees. this time around, $46,000. that's it. wall street has clearly decided that they would rather have mitt romney representing them than this president. >> do you think and i am wonder figure i can start with crystal. is it in part that the president's skill with digital ekinology with the internet and online giving, is that way ahead? we talk about money and is this a benefit advantage as it were that he has? >> he gets it. we were just talking and he sent out an e-mail saying they are close to a million individual donors. it's mind-blowing. i think he can do without the wall street money and i'm happy to see him not getting so much of it. >> how many donors did michele bachmann have?

collectively they can't raise as much as the president. and because the first time in 2008 the obama campaign ran a 50-state strategy and spread the map. he has infrastructure built in in north carolina where a kem krat wouldn't. >> coming up. a principal said no to fall holidays. we're america's natural gas

and here's what we did today: supported nearly 3 million steady jobs across our country... ... scientists, technicians, engineers, machinists... ... adding nearly 400 billion dollars to our economy... we're at work providing power to almost a quarter of our homes and businesses... ... and giving us cleaner rides to work and school... and tomorrow, we could do even more. cleaner, domestic, abundant and creating jobs now. we're america's natural gas. the smarter power, today.

learn more at anga.us. gives you a 50 percent annual bonus. so you earn 50 percent more cash. if you're not satisfied with 50% more cash, send it back! i'll be right here, waiting for it. who wouldn't want more cash? [ insects chirping ] i'll take it. i'll make it rain up in here. [ male announcer ] the new capital one cash rewards card. the card for people who want 50% more cash. what's in your wallet? sorry i'll clean this up. shouldn't have made it rain. you might think all these cost about the same... protect about the same... but what if you have an accident? allstate accident forgiveness starts the day you sign up. these guys might make you wait a couple of years. we can't wait a couple years. [ babbles ] no you cannot. thanks. don't mention it. [ dennis ] shop less. get more. make one call to an allstate agent. [ female announcer ] call allstate now and you'll also get a free lifetime membership

in good hands roadside assistance. >> who will benefit the most from 9-9-9 is herman cain. follow the wings.

just one phillips' colon health probiotic cap a day helps defends against occasional constipation, diarrhea, gas and bloating. with three strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health.

you had me at "probiotic." sun life financialrating should be famous.d bad, we're working on it. so you're seriously proposing we change our name to sun life valley. do we still get to go skiing? sooner or later, you'll know our name. sun life financial.

poor. >> despite higher than expected profits, sue herrera has the latest with market wrap. good afternoon. >> it happened when the spokesperson for angela merkel said a complete solution to europe debt was in impossible. investors went into a tail spin and widespread sell offs sent stocks tumbling. we are well off to the lows of the day, but down 192 points on the dow. the s&p is down 18 and nasdaq is down 46 points. there is good news from mench manufacturers. rising consumer demand pushed output up 4% in the third straight month of gains. airplanes, trucks and home electronics were the big sellers. that's it from cnbc, first in business worldwide. >> 9-9-9 may be herman cain's

lucky numbers. if the tax plans were in effect today, the republican candidate would benefit handsomely. in the past year and a half, he won big when he profited to the tune of at least six figures. the capital gains would not be taxed at all under his strategy. no wonder he keeps banging on about it. the national correspond end is here and rushed the numbers. the cain campaign said even if he didn't pay capital gains taxes he still would are to pay 9% next tax. investors like him would be getting a free ride. >> well, that is certainly a reason to think that. if you take a look at cain's financial disclosure, you find he had a fairly substantial

earned income in excess of $800,000 over a year 1/2 that would be subject to the same 9% income tax that everybody else would have to pay under 9-9-9. perhaps at least as much and more from capital gains would not not be taxed at all under the 9-9-9 plan. the fact is that it is who is going to be more likely to have capital gains that would escape taxation under the plan obviously will be people who are wealthy investor who is can afford to buy and sell stock on the stock market and escape taxation. >> i guess, mike, when they dismiss this as a ludicrous plan, it's not ludicrous for a man like herman cain. >> look, he is not the first person to suggest that capital gains should be lowered or

eliminated, but he is if you contrast it with-and he is not the only person who would benefit. there hedge fund billionaires who benefit far more than he. if you look at the numbers and he becomes a very, very vivid example of the kind of person who would benefit. i had an interview with richard lowry, his economic adviser and said why should herman cain who is worth millions of dollars not have to pay taxes on what is a pub stashl portion of his overall income? he said look, if somebody wants to work hard like herman and be successful like herman cain, they can reap the same benefits and that's fairness. that's what he said to me. whether that is the kind of argument this will play with voters is really -- we will see. it comes off and can come off as

harsh. >> yeah. i understand you uncovered questions about rick perry's money and herman cain's money. who is next? >> well, i'm not quite sure what you are referring to. >> i'm referring to whether you deconstructed both in terms of their financial backgrounds. who is the next target? >> whoever -- they are all running. everybody running including the president would fit into that category. rick perry has not filed his financial disclosure yet. he asked for an extension and people want to take a look at that. mitt romney has and he is worth hundreds of millions of dollars. they are probably the two wealthiest individuals in the race. i should point out that mitt romney if you look at his disclosure earned tens of millions of dollars in capital gains, far more than herman

cain, but it is worth noting while romney wants to eliminate capital gains for middle income taxpayers, he said should shouldn't apply to extremely wealthy individuals such as himself. he doesn't have to face the same questions that i think herman cain would have to. >> a gracious act of self sacrifice by mitt romney. thanks very much. >> thank you. >> fun somerville. that was the headline in the "boston herald" this weekend after an e-mail from an elementary school principal warned people to be careful about celebrating columbus day and the thanksgiving holiday. the principal wrote that she was concerned about the, quote, atrocities committed by christopher columbus against the indigenous people. well, the warning was too much for some parents who were already upset that their kids were not allowed to dress up for halloween, then the story went national, picked up by news

outlets, spawning critics everywhere. >> an elementary school principal, who's coming under fire this morning after banning all fall holidays. ann foley is the principal of the school in somerville, massachusetts. she says celebrating columbus day and thanksgiving is insensitive to native americans. >> if you don't want to celebrate, then don't celebrate it, but i don't think it's right for the kids that do celebrate it to suffer. >> this is america and i think people like her stir up all these prejudices. >> not so fast, said the city's mayor, who expressed sympathy for the principal. and in an op-ed to the "boston herald," he defended somerville and his teachers. "apparently some people must take great offense at something new each day and today we have become the designated punching bag." joining us now, the mayor of somerville, massachusetts, joseph curattony.

>> good afternoon. >> are you suggesting that this row has been manufactured by the news outlets? >> absolutely. the columnist for the "boston herald" really achieve what had she wanted to do, raise controversy and people's ire and outrage over something that's not true. we don't ban holidays in our schools. >> if we looked at every holiday through that lens, we couldn't celebrate anything. we couldn't celebrate christmas because muslims don't believe christ was god. we couldn't celebrate thanksgiving. the only thing we could be allowed to celebrate was the sales at macy's. >> trust me, martin, we celebrate all those holidays. we celebrate 13 official holidays in our city and dozens in our schools, including those

around the christian, jewish, and muslim faith. nothing is banned. it isn't true. she simply raised a question and concern. we might be disagree about the rhetoric she used about how to talk around thanksgiving and columbus day. and she didn't even mention halloween, so i don't know how that got in there. but it's really sad when there are real problems and you were talking about the marketplace earlier, real problems in this country, where people's financial roles and we have occupation and wall street and every major city across this country that the reporters and the media can get away with stories without checking the facts. that is not the case. >> sir, it's not just the reporters, senator scott brown tweeted on friday, "let's not take political correctness to the extreme. le let the kids in somerville enjoy halloween." what's going on? is it really worth scott brown spending time on this kind of an issue? >> well, it would be really worth scott brown coming to somerville, because he hasn't been there since he's been elected. and since he's been in elected

office, i think scott brown has been on holiday. if he would come to our city, we would show him when he celebrate nor holidays in civic events than any other city in our country and we're proud of it. >> but don't you think, sir, that this school principal might have been better advised to spend her time worrying about the academic performance of her students as opposed to sending an e-mail, albeit to colleagues, but an e-mail like this talking about holidays? i mean, what's the point? we've got kids, as you know, who are failing and struggling in school. >> well, i think it's a fair point, martin. and for full disclosure, three of my four sons go to that school and it's a great school and she's a very good principal. as you said, it was sent to her colleagues. i would have used a different form of words and different words in describing that concern, but to ignore any discussion of any events is to avoid history and that's not what we're teaching. and do we really want to curtail

speech? i don't want my sons going to a school that does that. >> absolutely, somerville mayor joseph curtatone, thank you so much for joining us. >> thank you, martin. >> and we'll be right back. [ male announcer ] humana and walmart have teamed up

to bring you a low-priced medicare prescription drug plan. ♪ with the lowest national plan premium... ♪ ...and copays as low as one dollar... ♪ ...saving on medicare prescriptions is easy. ♪ so you're free to focus on the things that really matter. call humana at 1-800-808-4003. or go to walmart.com for details.

call humana at 1-800-808-4003. the best approach to food is to keep it whole for better nutrition. that's what they do with great grains cereal. they steam and bake the actual whole grain while the other guy's flake is more processed. mmm. great grains. the whole whole grain cereal.

who's she? new downy unstopables. here to shake up your fresh. toss these little scent boosters in before you wash. and the fresh scent will last until you're ready to wash again. new downy unstopables. the fresh too feisty to quit. it's time now to clear the air. and there's been some heated reaction to our broadcast on friday after one of our most insightful contributors, the writer and broadcaster goldie taylor, made the following remarks about herman cain, the republican front-runner. >> if he could shed his ethnicity today, if he could become what i would call the color of water, he would do it. >> goldie taylor was responding to herman cain's repeated attempts to claim that racism no longer exists in america, that his ethnic origins have no bearing on anything, and that he's happy to be known as black walnut flavor ice cream because

it tastes good all of the time. but goldie's analysis was met with a flurry of tweets and comments. one website posted our segment with these introductory words -- "a day wouldn't be complete without the left-wing member of the african-american community attacking herman cain's blackness." another website responded in similar fashion, "goldie taylor slammed the gop presidential candidate for being a self-hating black man." there were some angry, racially charged tweets, including, of course, the obligatory attack on myself with pope88 asking, "are you an illegal immagrant?" i think he meant immigrant. i am not. everyone knows that herman cain is badly wrong. look at the statistics for black unemployment. look at the black prison

population. look at poverty. and all of it tells us that race absolutely does matter in this country. and that's why herman cain ludicrous attempt at comedy, where he