we'll get jared bernstein's help understanding this. we'll get reaction over the controversy and what surrounds it. after the markets closed, an abc news report about the possibility of a downgrade set several million stomachs lurches into several million throats. abc's white house correspondent reported that the u.s. government was bracing for a downgrade by standard and poor's. citing two u.s. government officials. then what started off as an alarming story became a weird story when a third government official told abc the s&p made a serious mistakes based on flawed math and assumptions, and the administration was fighting back. was it ever fighting back. john harwood telling us after the s&p notified the administration at 1:30 eastern time they were going to downgrade, the treasury department argued their math was wrong. there were errors in the computation of their data. calculations that were off by trillions of dollars. john harwood will join us for more on that. since the downgrade, the white house is denouncing standard and poor

i'm joined now by jerad bernstein. mr. bernstein is now a senior fellow at the center for budget and policy priorities. jerad, thanks for your time. >> my pleasure, great to be here. >> standard and poor's has downgraded the united states. moody's and the other agencies have not. what's the importance there? >> the importance there is many fold. first of all, they are one of three and it's easy to think oh, my goodness, u.s. has been downgraded, end of story. no, as long as the other two have us at aaa, which they do, and have asserted they'll keep us there for awhile. lots of things probably won't happen. if all three downgraded at the same time a lot of pension funds would have to divest and get rid of their treasury holdings. >> they have rules you can only invest in aaa. >> those rules don't necessarily apply when it's just one of the three takes a stem at one notch. >> in terms of why s&p did this, as i mentioned, howls of protests in washington today that they got everything including the math wrong, they were off by

jerad bernstein, thank you for being here. fairly characterize the idea behind the fast infrastructure investment proposal? >> absolutely, and you heard mr. rubio talking about roads and bridges, one of the things that recommends fast, and i was there during the recovery act. i traveled around the country with the vice president and went going to work sites, and we saw lots of great roads and bridge projects, but one of the things we saw there is that work has become considerably more capital intensive. we want to make sure we're creating jobs for people, not for machines. fast, fix america's schools today, which would repair the country's schools, that work is labor intensive, insulation, boilers, windows, maybe even greening up these schools with solar panels. that kind of work puts a lot of folks back on the job. don't tell mark rubio about that part, but it does work. >> the idea this is a scalable problem that you can do this on a small level as one school or a big level as all the schools in the country, depending on wha

congressman chris van holland and jared bernstein, thanks you both for your time. let me say this, the preacher in me requires i make this statement. that is, you know, it is said that, that that a man sows, that shall he also reap. it is interesting to me that many on the right quote the bible but do they understand it? you cannot sow unemployment, a no jobs bill, no way for people to make money, and think you are going to reap a rebound in the economy. you have sown p and now we are all reaping what you have sown. we need to sow seeds in the american people. and provide jobs and income. then they will be consumers and it'll return the confidence of everybody. but people cannot have what you did not put there for them to be able to use consume and build. that a little advice to my friends on the right. >>> ahead, 2011 days since the gavel and not one job bill. whose gavel? speaker boehner's gavel. it's time to get serious. >>> plus, eric cantor makes a shocking admission. oi of your mone rtual wallet. it comes with a calendar that shows you all your finances at on

i'm jared bernstein. >> susie: tomorrow night, we'll get the conservative response. david keating of the club for growth joins us for a commentary on what the debt deal means to him. >> tom: that's "nightly business report" for monday, august 1. i'm tom hudson. the house has begun voting. good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. we'll see what happens on that vote tomorrow. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

the politics are completely upsidedown telling us the opposite. >> jerad bernstein, senior fell low, msnbc contributor, hitting the nail on the head with the last comment there, thank you very much. >>> still ahead, the shutdown of a major government agency for fun and profit. what the heck is still going on with this thing with the faa? we've got details ahead. but i d. they said i couldn't fight above my weight class. but i did. they said i couldn't get elected to congress. but i did. now i'm trying to make it in music. ♪ sometimes when we touch ha ha! millions of hits! [ male announcer ] the new hp touchpad. get it now for $100 off, starting at $399.99. ♪ what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and 4g devices like the motorola photon. so let's all keep asking the big what ifs. sprint business specialists can help you find the answers. sprint. america's favorite 4g network. trouble hearing on th

the politics are completely upsidedown telling us the opposite. >> jerad bernstein, senior fell low, msnbc contributor, hitting the nail on the head with the last comment there, thank you very much. >>> still ahead, the shutdown of a major government agency for fun and profit. what the heck is still going on with this thing with the faa? we've got details ahead. thank you for calling esurance. man, we give out so many car insurance discounts. safe driver discount, homeowner's discount... multi-car discount. i wish we could get discounts everywhere. body like a greek god discount at the gym. best moves discount at the disco. you guys are so funny. really? best actress discount. uncalled for discount. whatever discount. [ female announcer ] tons of discounts. see for yourself at esurance. technology when you want it. people when you don't. [ male announcer ] these days, even your trash can be a gold mine for identity thieves. ♪ we don't believe your garbage should be used against you. [ alarm blares ] we're lifelock. go to lifelock.com and join the fight against one of the fastest grow

bernstein holds a ph.d. from columbia university. i give you jerry bernstein. [applause] >> thank you very much. it is great to be here and to talk about one of my favorite topics. thank you for the introduction. i always like to find myself in his company. he is one of my favorite economist around town. the story are like to tell about done it is that when he was the director of the congressional budget office, he annoyed everybody equally. that is very important in this town. i give him a lot of credit. let me start with a set of principles in fact, i think of my talk today in three brief parts. principal, fax, and fixes. first of all, on principles. these are the set of principles, ideas that guide my thinking and i hope yours as well on social security. retirement security has to be a goal of a civilized society in an advanced economy. that is the case in every advanced economy. two -- a guaranteed pension is essential to meeting that goal. private plans that depend on stock market returns can complement a basic guarantee, but they are simply not compatible

bernstein holds a ph.d. from columbia university. i give you jared bernstein.applause] >> thank you very much. it is. it is great to be here to talk about one of my favorite topics. jem, thanks for the nice introduction. i always like to find myself in the company of doug holtz-eakin. the story i like to tell about doug is that when he was the director of the congressional budget office, he annoyed everybody equally, and that is very important in this town so i give him a lot of credit. let me start with a set of principles. in fact i think of my talk to you today in three brief parts, principles, facts and fixes. principles, facts and fixes. first on principles, this is -- these are the set of principles and ideas that guide my thinking and i hope yours is well on social security. retirement security has to be a gold of a civilized society and an advanced economy and in fact this is the case in every advanced economy. a guaranteed pension is essential to meeting that goal. private plans that depend on stock market returns can surely complement a basic guarante

a professor of history at stanford named sanford bernstein -- perfect. we have it. it is from a terrific new biography. the next speaker following me gave us this book. if you listen to him he is terrific. and arthur brooks when we visited him. this is a biography by peter wallace and. left page. scholars still puzzled by this contradiction have reached for some highly unlikely explanations. historian barton bernstein, professor of history at stanford has speculated that perhaps reagan learned as a young man to hide his intelligence because it was not valued in the midwest world in which he grew up. is that amazing? that is how they can't deal with the idea that we might be as intelligent as they or as kind as the a

. >> bernstein?have damaged the gateway to the city with corruption, incompetence, lack of supervision and oversight, leadership, irresponsibility ai. most of the park is pitch dark. there is crime and vandalism, homelessness, recommended outreaches missing, with money -- with no money for this. no. 2, the benches are black, but should be green. number three, the ultimate insult, violating the jurisdiction of ordnance. the community calls it weird. this is not a part, this is a junkyard. enough of your devious antics, and the priority overseeing swans. the result is a disgusting display of dishonesty. you're conscious -- >> nancy? >> good afternoon. this is a hard act to follow. i will try to follow. i came here to discuss the change in the lease of the san francisco yacht club. i think you should consider the introduction of rent credit, as oppressive for dismantling the fund's resources. this will take public funding, to allow the private entity to spend money without public -- without public revie

with me now, man who served in the obama white house, jared bernstein, former chief economist to viceresident biden. also joining me is christina friedman. before we go anywhere else, let's talk about standard and poor's. i've had questions, you know, this whole thing, they were going to downgrade early friday. then when they sent the release, we understand the treasury and the treasury said, wait a minute, you didn't factor in 2 trillion. they said okay and in a couple hours they went ahead with the same report. that just doesn't smell right to me. then they made flubbes about things in the past where they've been dead wrong about some things. let's talk about how they've been dead wrong, about mortgage backed securities. it overrated lehman brothers which had an a rating just before going out of business in 2006. it came iceland the same rating that u.s. now has and iceland almost went bankrupt. what credit worthiness do we have from an agency like this? i mean, are they worthy, as george will says of us giving them credit? i've never quoted george will in my life as i promise. >> i

howard fineman and jared bernstein. thank you. >>> coming up, rick perry is the not getting any love. i'm talking about the w. people out there. it seems to be more personal than business, the opposite of ross in the godfather 2. you're watching "hardball" only on msnbc. >> the biggest concern we have right now is not the launching of a major terrorist operation, though that risk is always there. the risk that we're especially concerned of right now is the lone wolf terrorist, somebody with a single weapon being able to carry out widescale massacres of the sort we saw in norway recently. >> wow, let's hope that doesn't happy. we'll be right back. ♪ [ male announcer ] an everyday moment can turn romantic anytime. ♪ and when it does, men with erectile dysfunction can be more confident in their ability to be ready with cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every day, so you can be ready anytime the moment's right. [ man ] tell your doctor about all your medical condition

jared bernstein is a msnbc contributor.r joining us. >> my pleasure, alex. >> i'm glad you're here. what are we in for tomorrow? >> the thing we want to look at starting when the asian markets open are the interest rates or economists call them yields on government debt, on treasury bills. if borrowers of the u.s. government in this case have to pay a higher rate, what's called a risk premium on the interest rates we could see it happening quickly. those who lend to us insist that they have a slightly higher payback rate, interest rate to account for the debt downgrade. i personally think that's probably not likely. remember, there are three rating agencies. only one of them took our debt rating down a notch. typically when this happens -- it's never happened here before but when it's happened in other advanced economies you don't necessarily see much reaction. we better watch for it. >> if you look between standard & poor's, fitch, moody's, if they look at what the other one is doing because standard and poor's is getting

joining me now is msnbc contributor jared bernstein, the former chief economist to vice president bidennd senior fellow at the center of policies. and bob greene sds stein. thank you for joining me tonight. bob, i'm waiting for your analysis of this bill. i know this is a hard assignment for you because it came out so quickly. it's the most rushed giant package especially in deficit reduction territory. give me your take on what we're looking at here. >> you pointed out our take an hour or two ago. lawrence, i'm reminded of the sitcom "the life of riley" where the main character says what a revolting development this is. the tea party, i think, did very well here. this is a package are large spending cuts and no revenues. now, to be sure, the joint special committee, which is charged with coming up with $1.5 trillion in savings by thanksgiving, could raise revenue, but speaker boehner has already said he will not name a single republican to the committee who would vote to raise any revenue. i think it's pretty much a foregone conclusion that the joint committee will fail. there's no way

i think that's a bipartisan sentiment. >> jared bernstein, senior fellow, and msnbc contributor, good to see you. thanks for joining us. >> my pleasure. >>> today i sent an e-mail to two of the producers on this show, to cory and to bill wonderful. i was asked cory and bill together a question. you send an e-mail, cc, or put them both in the "to" line but the answer came back from cory. his reply, and i quote, at the moment bill is playing the part of a mflamingo. he really was. it's actually a news-worthy story coming up. well, sort of. [ female announcer ] we always try to save you even more money when you switch your car insurance to esurance. i could save 'em 522 smackers. you talkin' dough? bread. benjamins? scratch. greenbacks. moolah. cheddar... simoleons! don't try to out-save me. [ female announcer ] any way you say it, $522 is the average amount saved by people who switched to esurance. 522 bucks! [ female announcer ] to find out how much you'll save, call 1-800-esurance or visit esurance.com right now. that's 1-800-esurance or go to esurance.com. candidates like rick scott

. >> she is the woodward and bernstein of crap-powered lanterns. so let's see what the team has dug up live via satellite to the report's local affiliate in des moines woi, the iowa caucus station. amanda, rachel, thanks for joining us. >> good evening, stephen. >> stephen: the top story tonight is, of course, parry with an a gate but first rachel, what is the latest on the st. edward elementary school closing in waterloo? >> well, as you know, stephen t was closed last week when officials saw mold spores. >> and that can be dangerous to our children who i believe are the future. >> well said. officials hope to reopen the school next week once they've removed the mold. >> stephen: great report, rachel. of course mold is a fungi so let's check in with one real fungi, two-time iowa sportscaster of the year and the voice of the iowa state cyclones john walters. john, i know you think the people have the right to know the full results of the straw poll. >> i've always said sunlight is the best disinfectant. >> kneeor spor in. but first what is the late

howard fineman and jared bernstein. thank you. >>> coming up, rick perry is the not getting any love. it seems to be more personal than business, the opposite of ross in the godfather 2. you're watching "hardball" only on msnbc. mio. a revolutionary water enhancer. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for our country's energy security and our economy. he needs some gellin'. yeahhhhhhh. gellin' is like having a teeny tiny foot masseuse in your shoe. you like ? nice ! dr. scholl's massaging gel insoles. outrageous comfort, all-day long. >>> for the tenth anniversa

howard fineman and jared bernstein. thank you. >>> coming up, rick perry is the not getting any love. i'm talking about the w. people out there. it seems to be more personal than business, the opposite of ross in the godfather 2. you're watching "hardball" only on msnbc. >> the biggest concern we have right now is not the launching of a major terrorist operation, though that risk is always there. the risk that we're especially concerned of right now is the lone wolf terrorist, somebody with a single weapon being able to carry out widescale massacres of the sort we saw in norway recently. >> wow, let's hope that doesn't happy. we'll be right back. >>> rick perry was campaigning today, but it was controversial comments earlier in the week. he said the fed chairman could be treasonous if he decided to print more money before the election. today he joked about the reaction. let's listen. >> i got in trouble talking about the federal reserve. [ laughter ] >> i got lectured about that yesterday. >> well, he made light of it,

. >> charlie: we talked about elyn bernstein and -- >> yes. >> charlie: what do they share that came out to you as a ... >> passion, i think. >> charlie: yes, passion. >> complete passion. >> charlie: obsession. >> obsession. >> charlie: because you said that before. >> have i? >> charlie: obssion with the craft that you have. you have to otherwise i don't know whether it's relevant. i just worked with elyn bernstein and the obsession of the craft it's phenomenal and it's inspiring and she's constantly seeking and trying to get better. >> charlie: you talk about life and the craft you both share the busines you're in. >> yes. >> charlie: what do you ask them? >> i don't know. i me, i'm not even quite sure, just generally abt approaches. i mean elyn uses a method i don't know abo so i was asking her a bit about that. >> charlie: are you still in search of the whole technique doing what you do. >> yes. i think going on stage the technique of it suddenly bomes very obvious if you don't have it which i didn't which is simply the muscle with the voice i don't have because i never trained

i do think that one thing jared bernstein told you reflects a sentiment among democrats time to fighth congress. if they're going to block you anyway, might as well go at them hard and take advantage of that 82% disapproval of congress. republicans may be overestimating their political strength right now that's what democrats think. >> thank you for staying on top of it. >>> decision day in wisconsin. the polls are open in a recall election that might be a sign of what's to come nationwide in 2012. remember all those protests, the anger, the outrage over wisconsin republicans' plan to curb union rights? that's six months ago. today there are six republican state senators on the ballot in a recall election. and this has the potential to swing the balance of power back to democrats. by the way, three democrats are also up in recall elections as well. joining me state senator luther olsen, a republican who's on the ballot on this recall election day. senator, good to see you. >> good to be with you, contessa. >> do you think people are voting today based on these collective bargaining ri

let's bring in msnbc contributor jared bernstein, former chief economist and advisor to vice presidentwhat's behind the fall today, and how much longer is this whiplash going to last? >> well, i think if you think about the economy as kind of a sick patient right now and dr. ben bernanke as the doctor, the big question yesterday was will the doctor prescribe the medicine -- will the doctor prescribe the medicine we need in the long term, and yesterday the feds said they would. they said they would keep interest rates low for another couple of years. and the market was elated. then, you wake up the next day, and the patient says oh, my god, i'm going to need medicine for another two years, so it -- yesterday you had a 400-plus point gain and today folks are reflecting back again at the underlying economic weakness, of course, both here and particularly in the banks of europe where there's worries about contagion to larger countries. >> we saw a new poll today showing almost half of americans think the worst is yet to come for this economy. how much is consumer confidence or the lack of

>> well, i think what's really important is what jared bernstein was talking about whether or not allhree ratings agencies take us down. at that point it would very quickly show up in interest rates and it would affect everybody's borrowing costs, and it would be, you know -- it would be staggering affect on this country because only one rating agency has done that. we don't expect the kinds of dramatic effects that the three ratings downgrades would bring. i think that president obama logical take the blame for this. i think republicans will share many some blame. you saw mitt romney put out a statement last night saying that this is a troubling indicator of the decline of the country under president obama and speaker boehner also released a statement blaming democrats and the president for out of control spending and saying that republicans reminding everyone that republicans refuse to give the president's request for a clean debt ceiling increase back in april. so they are quick to place blame on the president, and this will be another struggle for a very tough economy. >> what mic

and this became a big issue in the campaign with our current state's attorney greg bernstein. but to me it was you get a call from kelvin, and he says, look, i could take a murderer off the street right now, but i can't get a warrant. and to me that spoke to, you know, dysfunctionalty in the system that we as citizens of baltimore pay a great deal of money to protect us and that often times seems lost in politics and, you know, a lot of the other things that shouldn't really infect an organization that's trying to take murderers off the street. there should be some sense of priority. but, you know, that was a big problem. >> i see a lot of homicide detectives around in the audience right now who they can also understand what we've been through down on the floor of homicide with we have the suspects out there walking the streets right now that we know should be off the streets. and we had a little bit of help from then the state's attorney's office. but gnaw we've got, as you said, greg bernstein who's in the office who won't let us take these cases to court with these one witn

let's be clear about that. >> and that was jared bernstein on the rachel maddow show last night.ee her weeknights at 9:00 eastern right here. the credit downgrade is becoming a hot button issue on the campaign trail. the republican candidates for president are not holding back. >> this is a real blow to the american economy, to our status in the world, and the president has to be held accountable for it. he did not provide leadership. >> the congress first job and the president's first job is to focus on the economy because unless we start growing again and start employing people again, we can't solve these problems. >> mitt romney has released a statement saying standard an & poor's downgrade is a deeply troubling indicator of our country's decline under president obama. what worries you most about the credit downgrade? i'm on twitter, my handle is @alex witt. what worries you most about the credit downgrade? it's been a midsummer's nightmare for so many americans trying to cope with record heat. just how hot has it been? we'll open the record books to find out next on msnbc sat

on behalf of the panel, which includes myself, kevin daniher, laurie bernstein with goodwill industries, teresa, and elliott hoffman with true market solutions , inc. thank you. [applause] >> and last, but not least, we have our representatives from the business advisory panel, christina page with yahoo and melissa. [applause] >> good afternoon, mayor lee. we were asked to just comment very briefly before sending our letter on the experience that companies had in the advisory panel. on behalf of yahoo, in addition to finding this dialogue both inspiring and thought provoking, it doesn't sound very reassuring because we discovered that the stea's climate action plan shares a lot of the beliefs that we have in constructing our corporate environmental strategy about how you attack this proper of climate change. the first is, how urgent is this problem? the action on climate change is not a good business strategy. inaction on this issue is going to be very costly to businesses and society. by taking a stand, by saying we're going to get to 25% reduction by 2017 on community greenhouse gas e

reporter: few americans view the end of the gadhafi regime with more emotion than rabbi stephanie bernstein, who lost her husband michael in the 1998 bombing of pan am flight 103. >> there is no time limit on justice, and there is certainly no statute of limitations on murder, and this was a mass murder. >> reporter: lockerbie was just one of several devastating acts of terror blamed on his regime. from the attack on the 1972 munich olympics, to the bombing of a berlin disco packed with american soldiers in 1986. >> this mad dog of the middle east -- >> reporter: in retaliation for the berlin attack, president reagan ordered an air strike on gadhafi's compound, killing his 15-month-old daughter. two years later, he struck back by taking down pan am 103. but after 9/11 and the invasion of iraq, a dramatic about-face, gadhafi accepted r rponsibility for lockerbie and gave up his chemical and nuclear weapons programs. he did not give up his many eccentricities, his elaborate outfits, fears of flying over water, and a slew of female bodyguards. at the u.n. in 2009, he called president obama "my

former economic advisor to the vice president, jared bernstein posted this chart today. in addition to making your jaw drop, it points out -- the big red mass there, points out that high unemployment is so high, not necessarily because of continuing layoffs, because they're not helping, unemployment is so high and staying so high because people who are already unemployed can't get jobs. individuals continuing unemployment. people who are unemployed are staying unemployed. the average amount of time people stay unemployed in america is at the highest level since ever, since the labor department started counting. the economy is stuck. people are not getting hired and fired in the economic circle of life. people are unemployed and staying that way. that's not just a tragedy for them, their families, and for their immediate communities, that's the tragedy of the spire economy. there are not enough working people to work and spending money to get us near moving again. whether or not we can solve this problem, the unemployment problem is the key to our recovery which we need a

we had a little bit of help from then the states attorneys office but now we've got to say greg bernstein was an officer in a who will let us take any cases, these cases to court with these one witnesses and try to get these people prosecuted and off the streets. but for a homicide detective it's frustrating because you're the person committed the murder. you can talk to that person while he's on the streets. you know he did this murder that you don't have the tools to take them off the street because -- i think to some extent that's not fair to the detective who works hard after time to keep murderers off the streets. >> what was it you said to me about the building? used to call me up all the time spent when i was driving into work, drive my vehicle, i would look up at the building, police headquarters and always said, you know, there's more problems in that building right there than it is on the streets. [laughter] if we can just get that turnaround it might be better. step for both of us, kelvin has to go to the homes of people whose son or daughter has been taken from this world. as

gerald bernstein points out yes, ronald reagan approved of a deal that was more than 80% new revenue, more than 80% more taxes, a deficit-reduction bill passed in 1990 by the first president bush. then, in 1993, bill clinton and the democratic-led congress cut the deficit. that was about 60% taxes, and now to our most current balanced budget deal. earlier this summer when the crisis of the looming debt ceiling was only just beginning to roll off the assembly line of republican shenanigans, the white house was pushing a deal that involved a 3 to 1 compromise, $3 of spending cuts to every $1 of tax increases. in other words, if the republicans would go ahead and vote not to blow up the economy, the white house would give them a deal that was only 25% tax increases, lowest one so far on the chart. you can witness the blue shrinking. republicans themselves had advocated earlier this year a reduction plan that was 15% revenue, so where does that lead us? now we have a final "let's not destroy the economy by blowing it up through the debt ceiling deal," how much of that deal is revenue? zer

. >>> coming up on "hardball," chris talking with jared bernstein about all the you know what. >>> but mel burn is in another nation, james bond live from london, after this. beneful healthy fiesta. gotta love the protein for muscles-- whoo-hoo! and omega-rich nutrition for that shiny coat. ever think healthy could taste so good? [ woman announcing ] new beneful healthy fiesta. hoching to geico reon car insurance? or more host: do people use smartphones to do dumb things? man 1: send, that is the weekend. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly! man 1: don't mind if i doozy. man 3: is a gentleman with a brostache invited over to this party? man 1: only if he's ready to rock! ♪ sfx: guitar and trumpet jam vo: geico. 15 minutes could save you 15% or more on car insurance. you're gonna have the hottest car on the block. [ airplane engine rumbles ] show me the carfax. yeah, show me the carfax. we...we ran out. what? just show me the carfax. before you buy a used car, get a carfax vehicle history report. see accidents and service reported to carfax and a price based on

we know christine roamer and bernstein were the two people who put their names on the document issued january 10th, 2009 that said if we pass the stimulus unemployment will top out at 8% by the end of the summer of 200 -- summer of 2009. you have seen the graph if we didn't do anything, lower line if we passed the stimulus bill. those two people got their names on a document. the rest of people we don't know where they were you are right the president sometimes needs to make a sacrifice of his people to say to the american people, clean slate, going to start again, new team, different ideas. we'll see if that happens in september. i doubt it. when you got jay carney standing up in the white house press room and saying, extending unemployment compensation will create jobs, you have to wonder if these people get it. >> greta: not to beat a dead horse those who you say may have advised the person ineffective. the course has not been effective. -- i'm not going to beat a dead horse. >> greta you just did. >> greta: i learned that from bill o'reilly. just kidding. now i'm in real trouble.

so does al bernstein.s quite possibly he said has been one of the worst officiated fights he has seen in years. how would you rate your performance? >> i think it's a shame for anybody to say that. >> also ashamed for the fans to see 9, 12, 13 low blows and the guy is getting a warning throughout the night and you barely said anything to him. >> if it was a low blow you would be 100% correct. they are on the beltline. >> you're way off. >> okay, thank you very much. >> all right. >> he was jim gray delivering the low blows. >>> oscar de la hoya tweeted after that the punches were on the beltline but, of course, this isn't the first time we have seen jim gray go after something. he went after pete rose during the 1999 world series in game 2 which he had to apologize for that. >> a plug on the sidelines for the 49ers? >> can't wait. dennis o'donnell and tim ryan you're going to look for -- to see a loll of alex smith and colin capper colin. >> i think you need a weathercaster on the 50-yard line. >> i think