>> i'm talking about you, austan. zandi. >> all i want to stipulate that austan had theegsj brett erbett. it commands attention. >> it does. >> joe, the thing is, first of all, we're disproving that we're clark xekent and superman whichs what you said before. the reason i have less hair is you give me a lot harder time when i come on here. i've been doing this a long time now. >> which all hearkens back to, you know, the government service that you provided. it was -- and we appreciate it, actually. but it's tough, austan, and you got to expect that especially when you come from university of chicago and, you know, and you were -- i thought you were, like, from university of moscow when you were at the white house. i'm kidding. >> i got a few broken ribs before i even got there from you! >> i helped get that studio at university of chicago. >> exactly. >> that's good. >> joe, how do you explain my hairline? i've never been in government. >> no. >> you're an adviser to mccain campaign and then -- >> that will do it. >>

but i'm with austan. amazing new arena where information flows rapidly to diverse audiences. it has to be good for humanity. let me give you another aspect to this, it may solve campaign finance. money becomes less valuable and important when a video can go viral at almost cost-free. i think so many issues will be takin taking hit. >> i i'm reminded of a video from iran in 2009, an image that broke hearts. it has to connect the two. and bush speechwriter wrote the comment on this, empathy is not a zero sum game. >> increasing the awareness. >> it's a good thing. >> awareness is a good thing. as somebody who tried and failed to get stories on air. to take on joseph kony. very little interest or awareness by the public. bravo to them. the question is to what end? things in that video aren't factually accurate. he's not in uganda, joseph kony. there are not 30,000 soldiers. >> he'll probably be one of the most famous man in the world on april 20th. >>> nicolle wallace, you served in the mccain campaign. we'l

but i'm with austan. amazing new arena where information flows rapidly to diverse audiences. it has to be good for humanity. suddenly everybody can see and learn. let me give you another aspect to this, it may solve campaign finance. money becomes less valuable and important when a video can go viral and hit 100 million people almost cost-free. i think so many issues will be affected by this from arab spring to taking down a dictator to political finance, i think it's amazing. >> i'm reminded of a video from iran in 2009, an image that broke hearts. no action followed. we didn't press our government to get involved. it has to connect the two. and a bush speechwriter wrote the comment on this, empathy is not a zero sum game. you know, obviously -- >> increasing the awareness. >> it's a good thing. >> awareness is a good thing. as somebody who tried and failed to get stories on air. when he sent forces to take on joseph kony. very little interest or awareness by the public. bravo to them. the question is, t

austan goolsby of all people says one option will give the winner an extra $90 million. and as we head to the break, here's what people in new york told us they would do if they won the record jackpot. >> what we would do is help our kids, our grandkids, travel, give to the community, and have the time of our lives. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ an investment opportunity you didn't see before. fidelity's next generation ipad app lets you see what's trending around the world, as well as what over a million fidelity customers are trading throughout the day. and advanced charting lets you customize your views and set up your own comparisons. our ipad app can help refine your strategy or even find a new one. i'm velia carboni, and i helped create fidelity's next generation ipad app. it's one more innovative reason se

austan goolsbee is now back in the confines of the university of chicago.. >> we're proud of you. >> you done good, son. >> i sm idea, throwing some people, and whether the bad data brings us back to reality? >> i think we ought to keep at least one food back in reality. there's guarded optimism, but it feels to me like they've gotten out ahead of themselves trumpeted, it was a fairly tough number. you've seen employ very strong. and now it's better than expected. we still have a long way to get out of this. >> when retail sales are posting six handles for february and claims are coming down, and starts are good, is this all because winter was nonexistent? >> here in chicago, people are cruising up and down michigan avenue in february, and it's 55 degrees, i think there's a component to that, but i don't think that -- there are still severity -- we've had lots of -- with almost no household formation. and so a lot of that self-correcting still is still in there, until the housing market comes back, that's going to continue to be a drag. normally constructio

he sent the top aide to speak to austan goolsbee and said to him this is political maneuvering. it's not president obama, senator obama's policy. it's a pattern with president obama. what i would love to hear from stephanie, can she assure us the president has made no other statements like that to say, arab leaders. give me space and after the election i'll have more flexibility to deal with israel? can you assure us he's not done that? >> if we're going to have a bring up attack which is slightly ridiculous about austan goolsbee and the nafta treaty, look at the trade agreements we have gotten through that are balanced that protect american workers and protect our environment and have a greater impact. just the korea trade agreement we have have a great impact than the last nine treaties combined. i think the facts speak for themselves rather than this innuendo. the facts speak for themselves. this is a sitting president with a strong foreign policy record. with a proven foreign policy prorpd al qaeda decimated. iraq, ended a war. a war that even president obama back in 2002 sa

. >> the administration, austan goolsbee, valerie garrett. bill daley had to go with his tail between his legs, they get shouted down. >> neil: and bully, aggressive-- go ahead, adam. here is what the democrats have right and wrong. a good political talking point that the republicans are so concerned with keeping tax rates as low as possible, for the wealthiest people, what the democrats have completely wrong, is that they need to listen to the republicans on lowering corporate tax rates, that would be good for the private sector and be good for the economy. they know that, and i don't think they have the-- >> but. >> buy into the rest of his plan. got to buy into the rest of his crazy tax-- did you read that corporate tabs plan? it doesn't need what you need to do. lower the rates, plug the loopholes. it basically picks winners and losers. >> adam, i'm going to quibble with you on point you said that the republican party residential wants to keep tax rates low for wealthier mesh ii americans, they want tax rates low for everybody in the coun

we asked economics professor, austan goolsbee, to do the math. >> a typical year, the average family pays a little under $900 for their heat. but this year, it looks like they're only going to have to pay around $650. so, it's really a tax cut of about $250. >> reporter: and in new england, where winter is more extreme, the savings, more extreme, too. ann marie is gardening today, putting up the patio furniture. >> because this year's been so mild, i realized a savings of at least $600 or $700 on my oil bill. >> reporter: that's a lot of money. but the economists i spoke with today are asking the same question. if this boost in spending is temporary, does it replace the spending we would see when spring truly arrives? or is this weather what we needed to get consumers out into the stores and back to spending again? >> but certainly saving money. $600 to $700. >> reporter: that's a difference. >> david, thank you. >>> now, we want to examine more of the long-term effects of this record heat, stretching across two-thirds of the country. temperatures as much as 35 degrees above normal.

we asked economics professor austan goolsbee to do the math. >> in a typical year the ave family payslittle under $900 for their heat. but this year it looks like they're only going to have to pay around $650. so it's really a tax cut of about $250. >> reporter: and in new england, where winter is more extreme, the savings more extreme too. >> because this year's been so mild i realized a savings of at least $600 or $700 on my oil bill. >> reporter: all the economists i spoke with are asking the same question. is this spending only temporary? is it what we typically see a few weeks from now when spring truly does arrive? or is it the wind we needed to get consumers back into the stores and get them spending again? david muir, abc news, new york. >> thank you, mother nature. help boost the economy. not bad. he here's a look at the forecast, everybody. winter is certainly rearing its head out in the northwest. more than three feet of snow in the sierra range. cascades and northern rockies, rain from seattle to sacramento. showers from green bay to memphis. >> 82 in miami. 79 in baltimor

. >> we have austan goolsbee.ors. it's nice to see you. thank you for talking with us. we have 227,000. 8.3%. what do you make of these numbers? the unemployment rate itself stays unchanged? >> well, the number's pretty solid, i think. the expectations were good and this came in even a little above that. i think you see what we've been wondering when it would happen for a while, that as the job market improves, some people who were out of the labor force come in there and that's why even though there was strong job creation, the unemployment rate didn't go down. i think the one thing to highlight that's fairly interesting is that there are two surveys. one is of people and that's where you get the unemployment rate and the other is of businesses that are established. that's where you get the job number. the job creation from the people survey was actually much stronger even than the jobs from the business survey. that's usually a sign that the small business and new enterprise formation is kicking back up. that's

carl, cubs owner tom rickens, austan goolsbee, all live and in the loop at the cme group.on the street." ant to protect the . right. but... home security systems can be really expensive. so to save money, we actually just adopted a rescue panther. i think i'm goin-... shhh! we find that we don't need to sleep that much. there's an easier way to save. geico. fifteen minutes could save you fifteen percent or more. >>> that's actually the real al green, not the president, just so we're clear. stocks to watch. frankly resources initiated outperform for walgreen cut to still on the expected closing of the special -- and toronto dominion, also beating estimates today. >> the retailers are reporting strong chain store sales for february, the mild weather obviously helping out. here to take a closer look is adrian shapiro, good morning. where do we make money from what you're now seeing? >> good morning. as you mentioned we definitely saw sales accelerate. i think what you're seeing is what people didn't spend on snow shovels, they're definitely shopping for t-shirts. it's encoura

we asked economics professor austan goolsbee to do the math. >> a typical year the average family pays a little under $900 to their heat. but this year it looks like they're only going to have to pay around $650. so it's really a tax cut of about $250. >> reporter: and in new england, where winter is more extreme, the savings more extreme too. >> because this year's been so mild i realized a savings of at least $600 or $700 on my oil bill. >> reporter: all the economists i spoke with are asking the same question. is this spending only temporary? is it what we typically see a few weeks from now when spring truly does arrive? or is it the wind we needed to get consumers back into the stores and get them spending again? david muir, abc news, new york. >> thank you, mother nature. help boost the economy. not bad. he here's a look at the forecast, everybody. winter is certainly rearing its head out in the northwest. more than three feet of snow in the sierra range. cascades and northern rockies, rain from seattle to sacramento. showers from green bay to memphis. >> 82 in miami. 79 in baltim

as i dug into it, it looked like a lot of the pieces were things that you and austan goolsbee had worked on and thought about earlier. do you think the president is three years too late with his jobs and infrastructure proposal? would you have sequenced what the obama administration put forward different light? would you put more on jobs and infrastructure on the front end? >> if i was president of united states, i would have figured this all out and would have had a sophisticated program. we have not got the kind of problem. we have the backwash. a tsunami had as in the financial system. -- kept us in the financial system. the tsunami was debt. dent in this economy relative to the size of the economy doubled. it increased by 2.5 times. over 50 or 20 years. at the end of the day, it's strangled us. for a while it financed a great boom in home building but as soon as the prices went up, we could not handle the debt. people had not said because it was so nice to borrow money. you borrow on the mortgage and took out the mortgage and a home-equity loan and your credit card and it was great u

whatever will play at the time, you need to get elected to do -- >> but it was like when austan goolsbeeaid the thing about canada. >> you know it's true, but you just don't say it. i don't think it was a big mistake really. >> joe, the same mistake or the same statement has a different impact on different kinds of candidates. if somebody working for ronald reagan had said something like that, it wookt have the impact because reagan had an image for steadfast conservatism. if you're mitt romney and you've been battling your whole career, political career, against the idea that you're very malleable and flexible, that is the wrong image to reinforce something like that. >> he was running against ted kennedy when he was tack to go t tacking to the left. so i can kind of understand that. >> right, but what i'm saying is that, and you appreciate this, too, i know, but this is the underlying afrgt that both gingrich and santorum have been making. even though everyone knows that people run different campaigns in a general election than they do in the primary, the extent of your transformation

that they put forward and as i dug into it look like a lot of those pieces were things that you in austanoolsbee had worked on, thought about sometime earlier and so my question is, do you think the president is three years too late with the jobs infrastructure proposal? would you have sequence, what the obama administration put forward differently? would you have done more on jobs and infrastructure in the front and? >> i have to say with all respect to the united states i would have had a sophisticated program. we haven't got that kind of a problem. what we have is the back wash like a tsunami hit us in the financial system. i did a lot of damage. we now have to recover from that. this tsunami was was dead or good dead in this economy relative to the size of the economy doubled and increase in increase by two and a half times they think. relative to the size of economy over a 15 or 20 or period and at the end of the day it strangled us. as soon as the prices happened whole building prices cut down and we could not handle the debt. people had to save during this period math because it wa

we'll talk to austan goolsbee, maybe he with expand on the notion of people in america having amnesia the crisis, which sounds an awful lot like remember the alamo will resonate with viewers eight months from now. >> yeah, that was my point. like we haven't heard from the administration every day about the crisis? that's why we're in the position that we're in? i haven't forgotten. how could we forget? maybe because we're in that business. wolf man too, you'll see him probably today, right? >> wolf man is here. wolf man has been tweeting furiously. my favorite comment so far, from one of the guys, laid eyes on me and said, that's not mandy. >> and when are you coming back? i'm wondering, does rush street have to stay open later tonight? >> well, you know, i used to live here, so i am going to have dinner with a few of my buddies at a steak house, things might get a little crazy, but i'll go back home in the morning and see you guys back on set on monday morning. >> that will be a red eye flight tomorrow morning for you, because your eyes are going to be -- yeah. >> try to at least get

. >> and i think -- you know, i talked to austan goolsbee the other day. he expects gdp to slow a little bit. he doesn't expect unemployment to come down much more and don't discount the effect of chaos in afghanistan. the shooting rampage over the last few days has changed the dynamics and the atmospherics to the extent people perceive chaos on an important foreign policy front. we don't know the implications of that. >> who do you have winning it all or do you not want to disclose that? >> duke of course. >> you go with your heart. you go with your heart. >> harwood, would you ever bring yourself to pick north carolina? >> no! are you kidding me? >> never? >> no. >> you could never pick with your head? >> no. the operative organ for me is right here, baby. >> easy, easy. >> we can't see your hand. >> i'm pointing to it. >> your heart. >> i'm touching it. >> oh, my god. well, we can't see your hand. we have a ticker at the bottom. we don't know what you're doing. john, let's go. we've got to go. we don't know where you're pointing. we can't see you pointi