. >> i want to bring in bj bernstein, an attorney family with the georgia process. bj, where -- do we know where troy davis would be at this point? i mean if this was stayed before -- and this was obviously stayed before the 7:00 timeframe, where is he? >> word is from folks down there i'm hearing from, he is in the jail and probably does have the iv, because it makes sense, they do that about an hour before -- give him the opportunity to have a sedative and have everything ready. >> so you think he is lining the execution gurney with an iv? >> if he -- either on the gurney or somewhere with an iv ready to go, unless they -- they may have detach it had by now because so many showers gone by, but the delay happened around 6:30, less than an hour before the 7:00 execution time so clearly you preparations had already been made at that point. and so unless the jail decided to withdraw that and have the doctors take it out, because the lengthy period that's gone by now, that part is not confirmed. >> and jeff toobin, in terms of what is going on on the supreme court end,

but let's start by asking, and jared bernstein i'll start with you.ng this president what would you like to hear him say tonight about jobs? >> i think there are three things, judy. first of all, you really want to hear a package that is of a magnitude to really move the needle on unemployment and jobs. and a number in the neighborhood you just mentioned, north of 400 billion certainly accomplishes that. secondly, this is a plan that needs to be plausible, at least in normal times on a bipartisan level. that is, in congress particularly house republicans are to block this plan, he has to be able to go out to america and explain that these measures that he's proposing, you mentioned some in the clip there, are measures that republicans would typically support. and third, he has to just really convey the urgency of working together. i mean the debt sealing is behind us. these guys are coming back from their recess. they got an earful from their constituents that, you know, enough already with budget deficits and debt ceilings and baselines. what we care

bernstein is a senior fellow at the center of budget and policy priorities. thank you for joining me tonight. is there any evidence, any evidence, that corporate tax cuts create jobs? >> there's really not. the way you set this up is exactly right. let me just explain more about what current conditions corporations are facing. if you look at their profits as a share of gdp, they are extremely high before the great depression, then they took a loss like everybody else. of course, working people got whacked hard as well. if you now go back and you look in the most recent data, the first half of this year, corporate profits as a share of the economy haven't just gotten back to where they were, they surpassed their prior peak. there's nothing wrong with that as you stated in your introduction, except the following, compensation paychecks is the lowest it's been since the year i was born, which was a long time ago, 1955, to be precise. >> yeah, look, i mean corporations are geared towards this one goal of profit making, but i'm about to print up a t-shirt with wha

. >> 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 latest news f

jacob bernstein of the daily beast and senior correspondent for "news week."e know at this point? >> we don't know a lot. it's awfully bizarre. people take naked photographs of themselves on their cell phones you think, they got out because they took naked pictures but this seems to be real, which is the most bizarre part of it. so it isn't simply they want into the same hotel room and saw good lighting and couldn't resist taking photographs. the fbi you know, the fbi spokesperson was on the line yesterday saying that this is real and in fact there appear to be text messages between justin timberlake and mila kunis. the leak has to be somebody hacking into their phone. >> you have to wonder and it may be -- >> they should stop? >> probably stop taking nude pictures on your cell phone but you have to wonder if maybe this is a joke and one of their friends are involved? >> yes, you look back at anthony weiner and he he had he was hacked. then the story changed over the next couple of days. looking at the justin timberlake thing, how did they get both parties tex

. >> now let's bring in jared bernstein. he's now an msnbc contributor and senior fellow for the center budget and policy priorities. jared, when we look at the disparities in terms of income, it's amazing to me -- i just showed a graph to congressman larsen about from -- in the last years from '79 to 2007, 281% increase for the rich. only 16% increase for the bottom 20%. and then they look at us when we talk about shared sacrifice as if there's somebody trying to harm them to say, you can't keep having tax cuts. look at the kind of profits they're making. it is amazing to me that somebody would try to justify continuing this kind of unequal relationship. >> i agree. by the way, i made a graph that had those numbers in it this very morning. and if you actually look at when those income gains did occur for the bottom or the middle, they were about 1979 to around 1999 or so. >> i'm looking at that graph now. >> they've just gone nowhere since 1999. the middle income family, median household income peaked back there in 1999. an

that was carl bernstein.o mike barnacle right now. >> maybe. >> let me ask you off of that answer, give me three or four things -- three or four items today within the tax code that you could walk across the hall to steny hoyer, nancy pelosi, and say we can all agree on these three or four things. what would they be? >> all the crony capitalism, the industrial policy. we're trying to subsidize select businesses or industries, renewable, energy, you name it. the way i look at this is get rid of all of those special interest provisions. and then a broader base, give businesses a time to transition in exchange for lowering the rates. the rest of the world taxes at 25% on average, we're at 39.2% when you add in state and local taxes. it makes us uncompetitive when we tax our businesses a lot more than our foreign competitors are taxing theirs. >> how do you explain to your constituents, though, paul, when you go home. if you say our corporate tax rate is higher than the rest of the world, we're at 39%. and yet, t

>> bernstein is vice president at the ford foundation. i heard her talk at a conference in new york a couple years ago. the ford foundation gives money to higher education. the audience was in thrall to hear her talk. she began to list the threats she saw in the american academy to academic freedom. she listed conservative religious groups. she listed anti-evolution groups. she listed republicans. but at the end, she said one of the biggest problems she saw were cable news network's like fox, which were telling the american people about professors like the man at columbia who wished upon america and million mogadishus, telling people about the outrages of american universities. to her, the problem was not the outrageous. the problem was that the american public was interested. the idea of -- we get back to this question that you think the university professors and the people who are interested in higher education want transparencies. you think that is a buzz word. but the look at transparency as all the little people are now looking over

is not going to resonate with the folks once they hear it clearly delineated. >> thank you, jared bernstein. >>> and the president is finding some helped with the criminal >> and also john edwards finding help with his criminal defense. >>> and how the fight to spare a man's life is going until hours to go until his scheduled execution. ordered the yummy cereal? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole grain oats that can help lower cholesterol? honey nut cheerios. ♪ [ sighs ] [ bird chirps ] [ bird squawks ] ♪ [ bird screeching ] ♪ [ elevator bell dings ] [ sighs ] how mad is she? she kicked me out. but i took the best stuff. i'll get the wrench. ♪ [ male announcer ] kohler's tresham collection. life. with a twist. ♪ not that long ago, many families were priced out of an overheated housing market. but the times have changed. get the facts at remax.com. it's a great place to see all the listings in thousands of cities and towns. with lots of houses to chose from and down-to-earth prices the dream of owning

you are referring to a woman named bernstein. what are you talking about parent? why are the american people responsible? >> she is a vice-president at the ford foundation. i went to hear her speak at a conference on academic freedom in new york a couple years ago. the ford foundation gives so much money to higher education that the audience was enthralled to hear elizabeth bernstein talk. she began to list the prospects she saw in the american academy to academic freedom. she listed conservative religious groups, listed anti- abortion groups, listed republicans. it went on and on. but at the end of she said one of the biggest problems that she saw were cable news network's like fox that were telling the american people about professors like the man at columbia who wished upon america 1 million mogadishus, or telling people that the out reaches r. for the problem was not the american public was interested in the outrageos. you think that university professors and people interested in higher education want transparency. you think that would be one of their buzz wor

guide dogs' volunteer manager jennifer bernstein admires her work ethic. >> she has never, ever comeith a bad attitude. she never said that's not my job. her approach is just always do it with a kind heart. >> reporter: joanne ritter guide dogs' marketing director calls elisabeth a role model. >> we look at a person-dog team, a person with a guide dog, as a model for interdependence for team work. elisabeth and guide dog are a great team. >> reporter: so for more than 40 years of transcribing braille and serving guide dogs for the blind, this week's jefferson award in the bay area goes to elisabeth scheibach. sharon chin, cbs 5. >>> well, it took lawrence, oh, about two or three months but he finally delivered a little summertime weather. >> finally managed to get it right. >> yes. we are getting it right and we're going to keep it going. not bad weather around the bay area now. sunshine out there and high pressure holding on starting to weaken a little bit. it's going to be hot in spots but that sun showing through across much of the bay area right now. inland sunny skies looking to

well that the first time i realized there was a place that in a bernstein was. amazement. john has alerted his european colleagues. his determines know how many films are affected. it's received and analysed three thousand birds found beached along the coastline of eight countries there's a piece of foam nylon royalist green bit this pieces of plastic still with and dirty ninety five percent of these birds are flying dustin's there's also lots of fragments of broken or plastic items and here this or at least seven industrial place that granules ok what their fear is the efforts place to call the end of a full moon in the southern north sea so if you translate it to you will the size. this is will be there for it's in the summer so in that case there's no need to discuss whether it's a little better for you we agree that this is not healthy. according to the united nations plastic is now part of the doctor part of the species of c.b. . thanks to the use of plastics we protect the planet and we protect the climate evolution as well as you would have to replace the basic by g

media no two journalists woodward and bernstein's if you like of nine hundred sixty three had ever been told by their it editor you're on this story and you're on it if it takes two three years you're on the story until you're off it and the fact was that the reporters of the united states had looked into the if you like the panoply the tragedy of the affair and the funeral and all and all that they had momentous issues involved in the death of the president but they haven't investigated the case no one had been there being what i think. decent media has to be being a flea on the back of the rhinoceros that is. when i emerged from making the documentary i then thought i've got so much left over and i don't see war not so much that. talking to witnesses on the ground i do have something to say so so i wrote a book and a brilliant one i was another book that you wrote official and confidential the secret life of j. edgar hoover. it was was it well known at the time that you begin the investigation that hoover was gay. and then the base going to bother going blackmailing him or was this so

and american dance therapist bonnie bernstein is also staying a few days out of her three-week schedule in korea... with tourists from japan... at another hanok guest house named manaedang... to truly experience the traditional culture of korea. english "it's peaceful. and i love walking out of my room in the evening and looking up at the stars, because it's so indoor-outdoor. and it's very pleasant, and you do get a feeling of the history of korea when you stay here, very different than the other hotel." a couple from france also expressed their satisfaction with a night spent at this hanok guest house, especially the cuisine. english "the food was very good, and the small scenery at this garden is very, very relaxing. so, we enjoyed a lot the dinner here, the traditional korean dinner. the night coming slowly, the lights in the garden, it was very nice." according to the jongno district office, there are nearly 30 traditional korean-style guest houses in the bukchon area of seoul alone. the cost to stay at these guest houses varies from place to place... from 60- thousand all the way

you know, she's a liberal democrat and the idea that carl bernstein was treating her like a nixon villain just sort of drove her around the bend. and she has softened her stance a lot lately. there are lots of programs around the country where her union is working with the reformers. in fact, if you can believe it, she's actually having a book party for me in washington. >> that is unbelievable. >> i'll believe it when it actually happens, but so far it's scheduled. >> you know, i remember that moment. and i was stunned that not only carl but other progressives around the table were leaning in to randy saying basically saying wake-up. but see something else has happened, though, and we talked about it earlier today. a year and a half ago, everybody was just blaming the teachers union. they were just -- and let me tell you something, we all know. and you report on this. it's not rhetoric. you report on it. the teachers union shares a huge part of the blame for what's happened in the past. but over the past year, people have been moving beyond just blaming the teachers union and looking at

this was not what woodward and bernstein fought for. it's not editorial independence. go around and do whatever they want and act like there aren't standards in journalism, and there are. this is a close financial relationship between every major vc in the valley and a news site. what they want is not to be a news site when it suits them and be news site when it suits them. i don't know. it's pretty basic and simple, and they want to make it into this big circus site so that's what it's become. they're writing conflicting blogs back and forth against each other because, again, it's like watching toddlers on a playground. it obscures the very fact that the very base of this, it's very wrong to have this many financial interests interlocked with a news site. it's just the case. transparency is one thing, and i agree there should be transparency, but this is to cover up crimes as far as i'm concerned, journalistic crimes. >> not saying anyone should go to jail. >> no. >> another thing in the digital world that was troubling was when hackers took over nbc's twitter feed. w

jared bernstein is a contributor for cnbc and msnbc and the former economist for vice president joe biden. ryan, i want to start with you. let's talk about the big numbers here. we've seen the market reaction. what do today's numbers mean for the average american? >> well, you know, i hate to say it. they're unequivocally bad. there was very little good news in this report. average hours worked were down. the goose egg, we have not seen that on a monthly report since 1945. clearly, this was not the worst job report we've seen. what it means is that the economy may at some experts on wall street are saying has hit stall speed, that we're at the risk of rolling over into another recession. we saw that in the manufacturing data this week. we're seeing it in the employment numbers this morning. we are at risk for much lower growth than anybody hoped for this time of the we're. >> the white house issued a statement a short time ago that many of us in the news room found to be surprising. they said basically it's important not to read too much into one monthly report. >> well, i think they're i

i think with conductors like great americans lenny bernstein, when he looks at orchestra, you already hear even before because there's an expression in his eyes. we're all colleagues so i am not ordering people. it's not interesting. you invite. sometimes you create. musicians, they can go very well with you at one, two, three, four. but when you create something that is not just one. it's a magical atmosphere and even feels much better. of course in opera house you always depend very much on the fingers. sometimes you simply support... you follow the fingers. i don't lead the fingers here. i am happy to follow them as well because they have to sing. powerful characters. the death of boris is a powerful scene. i will do whatever it takes but when it feels comfortable in my hands all together with me. because that's my obligation. >> rose: are you different today than you were when i first met you 10 years ago, 15 years ago? >> well, if i improved, not because i have a different age now because i spend more time with tchaikovsky and mozart. i think with this company you have no chance

guide dogs' volunteer manager jennifer bernstein admires her work ethic. >> she has never, ever comeith a bad attitude. she never said that's not my job. her approach is just always do it with a kind heart. >> reporter: joanne ritter guide dog's marketing record calls elisabeth a role model. >> we look eight person-dog team, a person with a guide dog, as a model for interdependence for team work. elisabeth and guide dog are a great team. >> reporter: this week's jefferson award in the bay area goes to elisabeth scheibach. sharon chin, dr.s cbs 5. >> go to cbssf.com and click "connect" and go to down jefferson awards to nominate your local hero. >>> it was a quiet evening until just after 6:00. >> i was at my son's baseball practice when my wife and i saw the explosion. and i turned to her and she looked right at me and she said, go. >> the moments of horror and heroism in san bruno and what we have learned about the disaster one year later. >>> right next to city hall, close to a playground, it would have been very scary. >> a bay area neighborhood worried about what lies beneath. th

. >> jared bernstein, an msnbc contributor and somebody i have not seen this uniformly happy about a thing in washington since i've met you. >> well, let's see where the politics go but we have had a good discussion so far. bring that in. >> thanks very much. appreciate it. >> sure. >>> i'm willing to talk about rebuilding america's crumble infrastructure over drinks or not. when a florida republican who is the chairman of the house transportation committee wants to come on this show and talk about it with me? i don't need cocktails. that is a full on 100% win and that republican will join me next. i couldn't be happier. >>> just about 30 minutes before president obama was scheduled to deliver his jobs speech to congress tonight, a bit of breaking news crossed the wires about a terror threat link to the tenth anniversary of 9/11. late last night u.s. officials received intelligence what is described as a specific and credible, but the unconfirmed, terror threat involving new york city or washington, d.c. officials are not saying at this point what exactly is being targeted but counte

a young man jake bernstein, 17 years old from a military family in st. louis working with his sister to launch a website devoted to young people for community service. they helped thousands of families to find volunteer opportunities ranging from maintaining nature trails to serving at local hospitals. then last year i met a young woman named amy chow from richardson, texas. she's 16 years old. so she's the age of some of you here. during the summer i think because so many in her family had known this, she decided that she was interested in cancer research. she hadn't taken chemistry yet, so she taught herself chemistry during the summer. then she applied what she had learned and discovered a breakthrough process that uses light to kill cancer cells. 16 years old. it's incredible. she has been approached with doctors and researchers who want to help her to work on her discovery. the point is you don't have to wait to make a difference. your first obligation is to do well in school. your first obligation is to make sure that you're preparing yourself for

jared bernstein is a contributor and served as chief economist for joe biden.t's nice to see you this morning. let's get straight to it, talk about the president's new initiatives. republicans are balking, but he's changed the conversation here. at least the major point from families making over $250,000 to millionaires and billionaires and saying they need to pay their fair share. but what would this actually do for the economy? >> it would accomplish what he very much need to accomplish in the median term, which is to have that debt to gdp ratio stabilize. every year, the budget deficit grows over a certain rate. the debt grows. this is unsustainable. this plan, if you look at the tables at the end of the plan, gets that to a stable place and the only way you're going to do that is to enact the kinds of measures the president introduced today and make sure they don't phase in too soon so they don't hurt the struggling economy. it was interesting you showed president clinton there. if there's anyone who really understands that you can have a flourishing job ma

bernstein. in terms of the lethal injection, the process, that itself is a process filled with controversy? >> that's right. lethal injection was developed as a supposedly more humane alternative to electrocution and the gas chamber. but in recent years, lethal injection itself has become very controversial. it is not as simple a thing as many people assume to put someone to death intravenously. many of the states use what's known as the three judge cocktail that has been problematic. some of the drugs that have been used are not readily available in sufficient quantities. this three-drug cocktail has been challenged as inhumane. in fact, the united states supreme court in a very controversial case in 2009 called bays v reese addressed the issue of whether lethal injection was cruel and unusual punishment in violation of the eighth amendment. and the court said, no, but it was a 5-3 decision, as i recall, and it is just -- it's -- it's in and of itself, controversial and sometimes not so simple.

. >> jared bernstein, an msnbc contributor and somebody i have not seen this uniformly happy about a thing in washington since i've met you. >> well, let's see where the politics go but we have had a good discussion so far. bring that in. >> thanks very much. appreciate it. >> sure. >>> i'm willing to talk about rebuilding america's crumble infrastructure over drinks or not. when a florida republican who is the chairman of the house transportation committee wants to come on this show and talk about it with me? i don't need cocktails. that is a full on 100% win and that republican will join me next. i couldn't be happier. [ horns honking ] ♪ today ♪ must have been one of the strangest days ♪ everyone may face the same uncertainty. ♪ some would say that you won't find ♪ protecting yourself, however, requires good decisions. find strength and stability with mass mutual, a company owned by its policyholders. ask your advisor or visit massmutual.com. 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 a

joining us now is also with us, senior legal analyst jeffrey toobin and bj bernstein. jeff, in terms of the lethal injection, the process, it -- that itself is a process filled with controversy? >> these right. lethal injection was developed as a supposedly more humane alternative to electrocution and the gas chamber. but in recent years, lethal injection itself has become very controversial, not as simple al thing as someone would assume to put someone to death intra venously. many of the states use what's known as the three judge cocktail that has been problematic. some of the drugs that have been use ready not available in sufficient quantities this three-judge -- three-drug cocktail has been challenged as inhumane. in fact, the united states supreme court in a very controversial case in 2009 called bays v reese addressed the issue of whether lethal injection was cruel and unusual punishment in violation of the eighth amendment. and the court said, no, but it was a 5-3 decision, as i recall, and it is just -- it's -- it's in and of itself, controversial and sometime

>> elizabeth bernstein is a vice president at the ford foundation. and i went to hear her talk on a conference on academic freedom in new york a couple of years ago. and the ford foundation gives so much money to higher education that the audience is enthraled to hear her talk. and she began to list the threats that she saw in the american academy to academic freedom. and she listed, oh, conservative religious groups, she listed anti-evolution groups, she listed republicans. it just sort of went on and on. and at the end she said one of the biggest problems she saw were cable news networks like fox, for instance, that were telling the american people about professors like the man at columbia who wished upon america a million mogea dishus or telling people about churchill telling people about the outrageous of american universities. and to her, what the problem was not the outrage. the problems was that now the american people was interested in the outrages. and the idea again, we get back to this question about, you think that university professors a

and jared bernstein, who stepped down as vice president biden's economic adviser earlier this year, and is now a senior fellow for the center on budget priorities. thanks for being here. let's go to you first. the president has a major task this week. you have unemployment at 9.1%. and the jobs growth at zero. >> there were two numbers on friday. jobs -- one was zero. and the other was two. jobs growth was zero. the interest rate on ten-year government bonds was two, which is very close to a historic low. and it takes the market was screaming at us. you idiots, you've been focusing on the deficit. the deficit is not our problem. jobs is our problem. obama has an interesting problem. i think it's three, different things. there's what we should be doing. and what we should be doing is a public investment program. no better time to do it. government can borrow money almost for free. that's not going to happen. what can actually pass congress? and the answer is nothing. nothing. obama's quote for endorsing motherhood, the republicans in the house would oppose it. and the third is what he sh

peter morici, msnbc contributor, and jared bernstein, an old friend of mine from the cnbc days, if you will, and also, between that point in time, and more importantly, the chief economic adviser to the vice president biden. >> i'm not sure that's more important, but go ahead. >> it is, it is. it's a great form of credibility to your career to work for the vice president, jared, than to be friends with me. >> i've got to agree. >> although that's good. >> that's good too. >> peter, am i wrong to suggest that the way the rich versus poor tax repeal debate is a bogus debate. it does not address the underlying reason for a lack of jobs in our deficit. >> absolutely. the the reason we don't enough jobs is because there's not enough demand and that goes back to rigged trade, coddling the banks and the other things you've mentioned. and this discussion is really intended to be a campaign platform for mr. obama. and there's not a lot, even underneath the platform. for example, we already have an alternative minimum tax, so millionaires should be paying taxes. the question is, why do they mana

romer and jared bernstein said at the time it would bring unemployment levels down to 6.8%. they have not gone down to that level now. how can there be confidence in any figures you offer on jobs created or what the unemployment will be, based on that record? >> as you know, i was not a member of the economic team then and i have an outsider's knowledge of the deliberations that were going on at the time. i will say that the recovery act produced the level of new jobs that was expected. what changed was that the economy was in a much deeper recession than anyone knew at the time. the hole was deeper and it was that much harder to get out. so i think there's a danger of ever predicting unemployment rates, because as i said in response to the earlier question, there's a lot of things that determine what the unemployment rate is and will be. so even if you create x-million new jobs, if you started out farther behind in economic growth, it's going to take longer to hit a certain level of employment/unemployment. so my own view is and always has been that it's a dangerous thing t

romer and jared bernstein said until the unemployment level is 6.8%. they have not gone down to that level now. how can there be kft confidence on what you offered. >> as you know i was not a member of the team and i had an outsiders knowledge of the deliberation that were going on at the time. i will say that the recovery act produced the level of new jobs that was expected. what changed was that the economy was in a much deeper recession than anyone knew at the time. the hole was deeper and it was harder to get out. i think there is a cage in predicting -- danger in predicting unemployment rates. there is a lot of things that determine what the unemployment rate is and will be, even if you create x million new jobs, if you start out behind economic growth, it is going to take longer to hit a certain level of unemployment. my own view is that it is a dangerous showing pry to pinpoint predicting unemployment rates. i think when a you look at the package like that that you know is going to have a positive impact in terms of g.d.p. growth, you know it is

jake bernstein, 17 years ago from a military family in st. louis, worked with a sister to launch your web site devoted to community service for young people. they help but volunteer fairs and put up an online database and helped thousands of families find volunteers ranging from maintaining nature trails to serving at a local hospital. last year, i met a young woman named amy chow from texas. she is 16 years old. during the summer, i think because somebody in her family had known of this, she decided this she was interested in cancer research. she had not taken chemistry yet. so she taught herself chemistry during the summer. and then she applied which she had learned and discovered a breakthrough process that uses light to kill cancer cells. 16 years old. it is incredible. she has been approached by doctors and researchers to want to work with her to help her with her discovery. the point is that you do not have to wait to make a difference. your first obligation is to do well in school. your first obligation is to make sure that your prepar

bernstein's estimates many times in political advertisements coming forward. many times from candidates and political committees -- i think it ought to be incumbent upon people who are journalists to at least acknowledge in their writing, if not in the phrasing in their questions which is what jack lew just talked about which is the forecast made for in early 2009 were based on the economic data available to any economist inside or outside the administration. and what we didn't know, in fact, what we only learned this summer is that in the fourth quarter of 2008, the american economy contracted at 9% before this president took office. the next month when he took office at the end of that month, by the end of that month the american economy had shed in that month alone 770,000 jobs. again, i certainly don't think that you are suggesting that president obama regardless of his forecast of his economic team is responsible for that. so i just think that we need to -- and i would go on those 770,000 jobs we talked about losing about in january of 2009, were part of

bernstein scholar he served as coeditor of the brookings papers on economic activity and the director hamilton project and initiative to promote broadly shared economic growth. he has served as assistant professor at harvard university, a principal analyst at the congressional budget office, senior economist at the white house council of economic advisers, deputy assistant secretary for economic policy at the treasury department, and an assistant director of the division of research institutes dates at the federal reserve board. in those positions.realm in darfur has gained a wide range of expertise on budget policy, social security, medicare, national health care reform, financial markets, macroeconomic analysis and forecasting and many other topics. so i'm very glad that he has agreed to join our committee here today. dr. elmendorf thank you so much for taking the time and helping us get through this and we look forward to your testimony. >> thank you senator murray, congressman hensarling and the members of me. i appreciate the invitation to talk about the economic and budget outlo