austan goolsbee, does it surprise you 47% of americans have a positive view of a flat tax?cially. i think in these polls, they are confusing radical simplification with reducing the top marginal rates. we've known this for 20 years, we're back to the future on this stuff. when you actually show the top 1% of people get a gigantic tax cut and 90% of people's taxes go up, suddenly the support for the flat tax goes way down. >> he raises a really good point. the whole point of his plan, as david malpass, one of the architects of it, to lower tax, that includes lowering taxes on the wealthiest americans. i guess rick perry is trying to make up for that by not taxing social security benefits and people under $50,000 won't pay income tax. does that feel like a drop in this bucket? >> i think the key is going to be two things. number one, the degree to which the democratic party regains its roots. it was democrats who passed the '86 tax reform top rate in the u.s. senate. how does governor perry address progressivity on the spending side and ultimately we see it in the federal bud

austan goolsbee, does it surprise you that 47% of americans have a positive view of a flat tax?re confusing radical simplification with reducing the top marginal rates. we've known this for 20 years, we're back to the future on this stuff. when you actually show the top 1% of people get a gigantic tax cut and 90% of people's taxes go up, suddenly the support for the flat tax goes way down. >> he raises a really good point. the whole point of his plan, as david malpass, one of the architects of it, to lower tax, that includes lowering taxes on the wealthiest americans. i guess rick perry is trying to make up for that by not taxing social security benefits and people under $50,000 won't pay income tax. does that feel like a drop in this bucket? >> i think the key is going to be two things. number one, the degree to which the democratic party regains its roots. it was democrats who passed the '86 tax reform top rate in the u.s. senate. how does governor perry address progressivity on the spending side and ultimately we see it in the federal budget. there are always two sides to thi

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george will, cokie roberts, austan goolsbee and ron brownstein. so, you just heard what herman cain said, george, is he going to stay there? can he keep up this momentum? >> not if the future is like the past. the general conception is, in iowa, you have to do intricate organizing county by county. maybe you don't anymore. my feeling is, iowa caucuses are light years from now. overnight is a long time and a week is forever in american politics. no one has voted. iowans aren't paying attention yet. >> herman cain is this week, two weeks not romney. we had an entire season of not romneys. whether it was rick perry or herman cain or donald trump or chris christie, this is this week's, until the republicans either decide that somebody really is the not romney or romney is going to be the nominee, we'll keep having people pop up. >> the des moines register is very consistent in what we saw in the four other polls that came out. there's a half of the party that doesn't identify with the tea party, they are steadily consolidating around romney. >> and th

in one hour, we have president obama's former senior economic advisor austan goolsbee.for ambien when you hear the administration argue the things are just fine and getting better? we urge to watch the broadcast. and for those who don't get fox business network. think of what you need, what you are not getting. so you don't get fox business? >> ♪ demand

austan goolsbee is our guest today. hi. >> great to see you, jenna.e been covering this potential financing program over the last couple days when the first reports came out last week. so i've put the criticisms into three bullet points, and we're just going to work through each of them, and i'd like to hear what you have to say about it. the first is one of philosophy. people say, listen, the government should not be involved in the housing market period. that's the reason why we're in the housing crisis now, and it's not going to help us get out. what do you say to that? >> well n something like this you've got the circumstance that's very unusual in u.s. history where normally when rates go down, people can refinance. but because we've got so many people underwater, they vice president been able to -- haven't been able to refinance. so it's perfectly normal. all thai trying to do -- all they're trying to do, as i read in this program, is to give people the opportunity to do what they normally would be able to do on their own in the private market b

and that's where i am. >> austan goolsbee. >> mika just sort of sat back and let you talk. >> i thinkwas attacking -- >> you want to see an attack, let's roll the kevin mccarthy tape. >>> we're following breaking news here, which the state department cannot confirm yet, this. we're hearing now from reuters, but also bbc online, they've captured former libyan leader moammar gadhafi. apparently he's been wounded in two legs. there's also a report that the head of his armed forces has been killed and that gadhafi himself is an ambulance being rushed to a hospital. we will monitor this and bring you more details as they become available. we'll be right back. [ female announcer ] when kate collects her pink yoplait lids she's supporting breast cancer programs for her neighbour's tennis instructor's daughter's 1st grade teacher who's also her mom. help fund breast cancer programs in your community. redeem your lids today [ cellphone rings ] cut! [ monica ] i have a small part in a big movie. i thought we'd be on location for 3 days, it's been 3 weeks. so, i used my citi simplicity card to p

austan goolsbee? no, he's a democrat. >> i'm serious. >> the viewers would like to know. >> aren't we only allowed to have one republican every three weeks. >> it is -- hey, yes, it is -- >> power hour. >> that's what they're calling it now on twitter. the righties are calling this -- well, of course they called it at first the democratic hour of power. i've got to object your suggestion that we had more than one republican on. >> i thought mika was too nice to kevin mccarthy yesterday. >> mika's right.i=s kevin mccarthy -- >> he did. >> may as well have just handed him -- >> he made a couple of jokes out of oranges and apples, and next thing you know he was at first base. you've got to hit him harder. >> what meacham wants, i mean, what heileman wants -- he wants kevin mccarthy to look like this at the end of the day. >> that's just wrong. >> you think that's cruel? >>> let's get to the big news of the day. we are learning more about the role of the united states in the final moments of moammar gadh