bernstein, a different topic before and let you go. lead editorial this morning in "the financial times," "and escape to soon for u.s. banks." letting banks out of tar is premature. the 10 have to demonstrate they can raise funds without guarantees. the temperature tenement -- put liquidity guarantee program however remains available to them, in effect, subsidized by the government but freed from rules on compensation and hiring, they can approach staff and business from competitors still in tarp. guest: an interesting thing, a couple of weeks ago i was out here talking to the media and folks said, why won't you let these people get out of the tarp and now we are criticized from all how come you are letting its people get out? the deal is very simple. the stress tests evaluated how exposed these banks were to worsening economic conditions and what they needed to do to get their balance sheets in order. that had to do with raising the type of capital called common equity, the kind of buffer that gets the balance sheet back up and runnin

>> brard bernstein? >> he was counsel at the united nations to the conference of jewish organizations. >> never came him across at all on anything. since his name never appears as far as we can see. >> because the arms embargo, israel was getting all of its arms from czechoslovakia. how come israel didn't become a member of the communist bloc? >> well i think the labor zionist leadership was not particularly pro colombians. they were pro colombian as some upon [inaudible] but the mainstream of labor zionism was the mechanics socialists and not consider themselves friend lead to clemianism. they took the aid where they could get it and they were delighted us soviets changed their line for a while and they could get arms from czechoslovakia but they were not pro clemianism. >> those arms didn't come from that brief period between the power, the arms can even after the soviets had taken over, the arms can after czechoslovakia? >> while the soviets were already powerful and influential. czechoslovakia was no

. >> the gentleman here and then -- >> how significant was the participation of bernard bernstein in the events that you described is this >> bernard bernstein. >> he was counsel to the -- at the united nations to the conference of the jewish organizations? at the time of the partition. >> i would say we researched it probably very little. since his name ever appears anywhere as far as we can see. >> because of the arms embargo, israel was getting all its arms from czechoslovakia. how come israel didn't become a member of the communist bloc? >> i think the labor zionist leadership was not particularly procommunist. there were procommunist elements but the mainstream labor zionism was democrat socialists and considered themselves not friendly to communism. they were glad they would take the support and aid where they could get it from. they were delighted the soviets changed their line for a while and they could get arms from czechoslovakia but they were not procommunists. >> those arms didn't come during that brief period between when he was in -- those arms came even after the sovie

we represent some writers, artists, and in some cases, it might be like leonard bernstein, artists that sells records around the world. there are some songs we have in our back catalog. one of the composers of our most successful songs is still alive. every year, the son gets covered. there is a news and allowed coming out by the pussycat dolls, and very successful group where it is a cover this go version of i will survive. that is one example -- a song is a beautiful thing. songs can be covered so many times. with so many songs in our catalog. it is unbelievable, the life that a song has. we all appreciate that because when we think back on our special moments, -- you know, our business is really to protect those songs and collect the income related to those songs. every time our son is used or recorded -- our song is used or recorded in a television show, our job is to license it, collects the and come around the world. in the u.s., it is difficult for a publisher to go to every radio station, every tv station, every bar and grill and say, can you please pay my song writers? there ar

we will be able to continue this discussion later jared bernstein, an economic policy advisor to vice president joe biden. he will help review the trip to green bay and obama's town hall meeting. congressman fred upton is coming up next. ♪ >> every weekend, the latest non-fiction books and authors. saturday, have you run for congress was $7,000 and your sixth grade students managing the campaign? this teacher give it a shot. she is interviewed by representative norton. sunday, joel takes you inside the revolution -- how callers are battling to dominate the middle east and transform the world. what is next for the economy? former policy adviser arthur on taxes and the end of prosperity. later, for closure nation -- a former real-estate attorney on the housing crash and where it is headed. every weekend is filled with books and authors on booktv.org. >> here is our present policy. we are eager to stop the bombing, just as we are eager to stop the war. >> telephone conversations from the final months of lyndon johnson's presidency, on vietnam, you and appointees, and trouble for his choi

jerry bernstein gave him real numbers on the deficit as opposed to that base and a 4% growth race, he really would not be sleeping at night. host: the business section of the philadelphia enquirer had this headline, universal health care could boost the economy. the coverage to employers economists argue, hinders creation of enterprise. can you see any argument that this would boost the economy? guest: 1 of the things they say, christine roemer, she said it would increase the labour force and productivity if everybody had health care. it is hard to imagine that we will get a lot more out of it. let's talk about the 45 million. if you look at the 45 million and you break it down, there are a lot of wealthy people in there. they just used to pay. there is a lot of young people opt out of the system. it doesn't affect how they participate in the economy. there are a lot of undocumented immigrants. that is an important public policy question. are we giving them health insurance rds even though they are on document? -- undocumented. i think it will come down on the side of the fact we have

before we get started, chaired bernstein, the vice president's chief economist, will walk us to the road back to recovery that the president and vice-president spoke about today. he will take you of your questions. >> thank you. this is different. i usually face you one at that time. the president and vice-president today outlined the road map to recovery, which spotlights some of the ways we are going to accelerate implementation of the american recovery and reinvestment act during its second 100 days. while there are hopeful signs that the pace of the downturn has diminished, the nation's economy has remained in the midst of a deep recession. most important, from the perspective of working families, employers are still shedding jobs. when the private sector economy is underperforming, there is a role for the government to play in temporarily picking up the slack. the recovery act does that to a uniquely broad set of provisions designed to create or save millions of jobs over the life of the bill. we talked about that extensively over the first 100 days and thus far over that. we have c

>> right now i am reading richard bernstein's book on the founding fathers, the founding fathers reconsidered which is a new book that is just out and richard is a wonderful writer who characterizes the founding fathers of this country, looks at them with a fresh eye and it is just a wonderful book. another one that is closely related is by richard beeman, delancy new book out on the constitutional convention and the men of the constitutional convention, so those of the two books i would read simultaneously right now. >> rett perlstein author of nixonland, what are you reading? >> i am reading the culture of narcissism which is a classic of the came out in 1979, a surprise bestseller even though it was the dense piece of intellectual argumentation sapota insley read by president carter. supposedly informed a speech he gave in which argued that america was suffering this crisis of confidence, and i'm reading it because i'm doing research on the 1970's for my next book. >> what are you learning from it? >> a lot about psychoanalysis and abject relations theory and there is like melody klein. it

represent, again, song writers, artists, in some cases it might be estates of, you know, the leonard bernstein estate, coldplay, artists that sell records around the world, it's -- in some cases there are songs that we have in our back catalog. actually some of the most successful songs, one of the composers is still alive is i will survive. this song has had incredible life. there's a new single just coming out by the partly cat dpussycat dolls, and that's just one twample of a song is a beautiful thing, right? songs can be covered so many times. you know, we have some songs in our catalog, some of the standards it's unbelievable the life that a song has, and, you know, we all appreciate that, right? when we think back on our lives, special moments, frequently there's a piece of music that goes along with that special moment. and so, you know, that's our business is really, is to protect those songs and collect the income related to those songs. so globally every time our song is used in, you know, is recorded, used in a television show, in a film, in a commercial, you know, our job is to lic

. >> later, jared bernstein on health care legislation. >> and then mary landrieu tauks talks about oil drilling in the gulf of mexico. "washington journal" begins each day with the day's news. >> president obama met with the chairman and ranking member of the committees working on health care legislation. the senators worked -- spoke with reporters after wards. this is eight minutes. >> the president wanted to meet to discuss health care rosm. the main point is, we have to act now together, which is probably one of the more important messages we wanted to make, to revamp the health care system, so that health care costs do not go up as rapidly as they have. so many person families are experiencing an uncon shunnable hike in health care costs. we have to reform the system, reform the health insurance system so people are not denied coverage based on preexisting conditions or health status. and all americans should have health insurance to make this system work, and it's just morally the right thing to do. we discussed various ways to get a yes from the bipartisan bill. the president mad

incentive effects of taxes and all the good which she says when she does of the paper with jared bernstein. i understand. i am following austin gould, one of the need disguise you will ever meet. austin goal tries to defend the present position of firing wagner. he was as nervous as i would have been but you have got to do it. when you understand policy is not academics. it is not academic research. it is where you go along the political line and that to a large extent is why there's so much of the debate. >> i would say that a huge percent of the academic economists and don't have any relationship with obama are saying-- >> do have a huge relationship. key think universities are independent defense, they are not. even when i was officially with the white house steve, there were always groups that would hang together. it is us versus them and it becomes a very political process for economists. that is what happens and whether it should origin, it does and that is that would gets along. what we do is we see each other has been parts of a different team because steve, there not many things t