tavis: economist at princeton professor alan blinder, thank you. up next, "damages," star rose byrne. rose byrne has had a very busy year in film "damages has just kicked off its fourth season. here is a scene from "damages." >> chris sanchez was in charge of the unit. he is willing to give eyewitness testimony against the company. >> what does he say happened on the mission? >> he is concerned about the potential consequences of testifying. he would like to be certain that the firm will support the case. >> how many other cases have been brought? >> almost 60 and they have all been dismissed. >> this is a very compelling case. >> are you sure that mr. sanchez will cooperate? tavis: speaking of damages, you have done some damage this year. i would like to share with you -- i don't know if your accountant tells you this stuff. in case they don't, let me tell you. this is what you have done this year, "in cities," is regarded as the biggest profit making film of the year. -- "insidious," is regarded as the biggest profit making film. it cost $1.5 mil

i guess you do it with the blinders on. that must feel like you, especially that darker colored horse, sweating it out. >> i think without the blinders, the horse might follow the sprinkler action. do whatever you've got to do. if you're not in the ac and keep coo cool. >> now he's pointing at it. >> rob, i'll catch up with you later. rob marciano on the weather center. >>> a group of gay rights activists show up at a christian clinic run by republican presidential candidate michele bachmann and her husband. >>> first, our quote of the day, my children are not in a public position. can you guess which politician said it and why? that's coming up after the break. it's eight minutes after the hour. announcer: when life's this hard, it's no wonder 7,000 students drop out every school day. visit boostup.org and help kids in your community stay in school. >>> 11 minutes after the hour. back to our quote of the day. my children are not in a public position. that is from chicago mayor rahm emanuel. he got upset after an nbc chicag

immelt, james, our liberal columnist blinder this week called it a jobs emergency. do you agree?i think the more people looked at the june employment report the worse it got. 9.2% very disappointing, but beyond that the number of people who just quit looking. if you go back into 2009, if that many people were still in the work force trying it work we'd be at 11% unemployment. you have to go back decades to find a similar percentage of people in the work force, labor participation rates. it's that bad. >> 6 million americans, 44% of those unemployed, dan have been out of work for six months or more, unbelievable and the percentage of working population is lower than it was now, lower now than it was at theened of the recession, 2009. >> one of the things that happens when people are out of work that long, you have erosion of what economists call human capital, skills that people have that they bring to a job and i'll throw a bone to jeff immelt and the jobs council, and what they're recommending, a few good ideas. what america needs are skills relate today advanced manufacturing a

president, two of the most distinguished economists in our country -- alan blinder, the former deputy mark zandi, who was an advisor to john mccain's presidential campaign -- studied the government response to the latest financial crisis. here's what they concluded: "we find that it's effects on real g.d.p., gorks and inflation are huge and probably averted what could have been called great depression 2.0." this amendment before us would have stopped the governmental response which two of the nation's most distinguished economists tell us averted great depression 2.0. when all is said and done, the financial and fiscal policies will have cost taxpayers a substantial sum, but not nearly as much as most had feared and not nearly as much as if policy makes had not acted at all. if the comprehensive policy responses saved the economy from another depression, as we estimate, they were well worth their cost." mr. president, this amendment that is before us now would have prevented this response, would have prevented averting a great depression. mr. president, here is the work of zandi and b

president here is the workith of the ndn blinder with respect to what would've happened with fe jobs absent the federal response.ut t jazz with the fheederal responsense, green line without the federal response, the red line 8 millionederal viewers jobs without the federala response to prevent a depression mr. president unemployment what would've happened without the federal responseg according to this detailed study by zandie -- by and blinder without the federal response, unemployment today with the 16% instead of the 9%. we would be in a depression.real and mr. president, that is the hard kin reality and the amendment before us would have prevented that kind of governmental response. now, mr. president, they called this plan cut cap and balance. they should have called it cuthi cap and kill medicare because that is really what this plan wouldwouldit wdo.ould it would cut cap and balancell i medicare. why do i say that? propol well, it if we look at the house budget proposal that underlies this plan we see what happens under traditional medicare. bene fi under medicare now the bene

i don't know if you take the blinders off, if the horse gets spooked or what. and he wouldn't let any of the other horses share. when they got close, he was like, no, no, this is mine. that's what you can do for your pets and horses, and the kids as well. sprinklers are on, and firemen are opening up hydrants for the kids, and today is a dangerous day. today is a no tolerance day for pets, kids and elderly and for yourself. it's one of those days where we will lose people. we lost 22 people yesterday. >> that's incredible. >> there are many, many more people involved today, because there are millions up and down i-95. and now you are talking about hundreds of millions of people with heat indexes above 110. >> yeah, don't leave your pets orchi kids in the car. >> not even for a minute. >> thank you. >>> if you escape the heat wave baking the rest of the country, your wallet might feel the impact. the high temperatures could scorch corn and other crops. alison, how worried are farmers about their crops? >> corn is a major concern, fredricka. we spoke with the sen

it's a question of how we deal with it, and how we deal with it free of the ideological blinders that people on both sides, but i would say especially the republicans have put on. >> howard fineman, well said. i knew you would be good at this. >> thank you. >>> regardless of what most republicans say, revenue hasn't kept up with spending, we're way down in revenue, way up in spending. figure it out and figure out what bush's tax cuts did to caught this. we'll have the numbers when we come back. >> ( rooster crows ) >> by 2020, 50 billion network devices will roam the earth. that's seven devices per person. this will change how we work in ways we've never before imagined. what do you need to secure your people, their devices, and your business? a network that can evolve and grow to protect your human network. ugh, my feet are killin' me. well, we're here to get you custom orthotic inserts. dr. scholl's custom fit orthotic center recommends the custom-fit orthotic that's best for your tired feet. foot-care scientists are behind it. you'll get all-day relief. for your tired achy feet. fo

i work 13 hours a day, i put the blinders on and i have to focus on me. >> turn that breaker back on.> all right. i think about $250 a month. i take care of the whole building as far as the electrical, the plumbing, keep all the machinery on line so the production can continue. mentally, it keeps me out of this world. >> prison jobs provide the inmates with small paychecks. for tim duncan, this money affords him basic necessities. >> i won't eat the food that's served is in the kitchen. if i can't eat it right here in my cell, i won't eat it. one, the main liners probably made it. no telling what they do to the food. i'm not saying they do anything to the food, but chances are they do. i prefer to eat right here in my cell. chop up some jalapenos with my raiser blade right here that i'm not supposed to have. i got some roast beef, bbq sauce, steam the buns and put it together and eat it. i get pretty extravagant with the recipes in here, this is me. if i was on the streets i'd be eating the same way. this is my home, this is my environment, my sanctuary, and i will not lay my head at

for whatever reason it was if i had blinders on, i want aware that i was so disadvantaged. >> sean: is experience you weren't treated this way? >> my mentors were conservative. mostly white machine. i was sort of -- people said you can do it. i felt like the world was a meritocracy. if i worked hard i could accomplish things and i did. i was an honor student. and i did very well. i got early tenured at princeton. my first book won the highest prize in the profession. i won several national prizes. been cited by the supreme court. and -- >> sean: touching, great american story. it reminded me when i interviewed justice thomas. you ever read the book? >> yes. >> sean: it is a terrific book. he was tough on him. but he realized how much love he had from his grandfather. you talk on a lot of controversial issues in this book. i have defined obamamania, sort of that tingley feeling loss of all sense of reason or objectivity. just at the sight of the president. i think some people still in spite of the negative statistics about his failed policies people still buy into it. you described it a

we talked to alan blinder, former vice chairman of the federal reserve.government payments could be slower to come out if they come out at all. interest rates could rise. some of the experts we talked to said the u.s. could, could, get pushed back into a recession. >>> looks like microsoft may be getting into the social networking game. a reporter happened upon the welcome page for tulalip. it was taken down. now it says it was an internal design page mistakenly published to the web. >>> not everything is friendly in the social media world. app developer michael johnson was looking for a way to invite facebook friends and others to join google plus. he placed an ad. facebook wasn't amused. it erased the ads and disabled his account. >>> lose a bag, get a check. new york senator charles schumer says it should be that simple. a new regulation says airlines have to refund your bag fee if they lose your bag. here's the rub. if it's never returned. schumer wants to change that so you'll get a refund if your bag doesn't arrive when you do. >>> a volcano is caus

take off the blinders and recognize that tv isn't going anywhere.ing to watch it, we are going to love it, because we love narrative. if we want to take back the culture, we need to stop worrying about politics and start worrying more about how we are going to take back the art of storytelling. ronald reagan knew the value. that's why his speaks were beautiful. our storytelling doesn't need to be reflected. we need to make art. we need to make excellent art. that art is not conservatism. it is art first. and only conservative after wards. there is a difference. people asked me do we need a fox entertainment? no, we need a cbs. we don't watch entertainment for politics. we watch it inspite. as conservatives, we need to put our money where our mouths are. we need to start contributing. we need to give advertisers a place. we are good. but the advertisers are always going to have to go back to where the eyeballs are. they are in mainstream. unless we give them a different place to put their money, they are going to keep. i've joined up with declaration

it's a question of how we deal with it, and how we deal with it free of the ideological blinders thatple on both sides, but i would say especially the republicans have put on. >> hour fineman, well said. i knew you would be good at this. >> thank you. >>> regardless of what most republicans say, revenue hasn't kept up with spending, we're way down in retch, way up in spending. figure it out and figure out what bush's tax cuts did to caught this. we'll have the numbers when we come back. whoa. right? get out. i know! who knew? i mean. exactly! really. that's what i mean. [ mom ] what? shut the front door. right? seriously. who knew? hello sir. bingo! mahjong! for realz. woop-woop! franklin delano! [ male announcer ] hey, there's oreo creme under that fudge! oreo fudge cremes. indescribably good. i know you're worried about making your savings last and having enough income when you retire. that's why i'm here -- to help come up with a plan and get you on the right path. i have more than a thousand fidelity experts working with me so that i can work one-on-one with you. it's your green l

it's that in-depth look but there's no blinders.out of the box and learning matters has been there for these years. and all the revenue by the way from the teachers goes to learning matters. john has created 100% of the royalties. this is not a book to lend to friends. this is a book for to you buy and to encourage your friends to go out on amazon.com and buy. we want to buy and not lend so all the revenue all the royalties will go to learning matters. so that being said, it is with incredible pleasure that i recognize my good friend and colleague john merrow. [applause] >> thank you very much. thank you very much, josh, marty, sandy. on behalf of learning matters, our small and energetic production company, i am -- i express all our gratitude for you folks for being here -- i want to say just a quick word about the three folks who you just heard from. marty you know as community schools, president of the institute for educational leadership and he's a big deal. but when he goes home, he's not that big of a deal. his wife helen blan

it's a question of how we deal with it, and how we deal with it free of the ideological blinders thatle on both sides, but i would say especially the republicans have put on. >> hour fineman, well said. i knew you would be good at this. >> thank you. >>> regardless of what most republicans say, revenue hasn't kept up with spending, we're way down in retch, way up in spending. figure it out and figure out what bush's tax cuts did to caught this. we'll have the numbers when we come back. ay this week. so i took my heartburn pill and some antacids. we're having mexican tonight, so another pill then? unless we eat later, then pill later? if i get a snack now, pill now? skip the snack, pill later... late dinner, pill now? aghh i've got heartburn in my head. [ male announcer ] stop the madness of treating frequent heartburn. it's simple with prilosec otc. one pill a day. twenty-four hours. zero heartburn. no heartburn in the first place. great. ♪ let me make you smile ♪ let me do a few tricks ♪ some old and then some new tricks ♪ ♪ i'm very versatile ♪ so let me entertain you ♪ and we'll ha

we need to take off the blinders and recognized tv isn't going anywhere. we will watch it.it. because we love america. if you want to take back the culture we need to stop supporting so much about politics. when you start worrying more about how we're going to take back the art of storytelling. ronald reagan is about as -- the value of storytelling. our storytelling doesn't need to be restricted in the political sphere. we need to make art. we need to make excellent art. that art is not conservatism with an artistic bent to there is a difference. people have asked me, we need a cbs entertainment that happens have conservative values. we don't watch entertainment for politics as we watch entertainment in spite of politics. we watch entertainment to be entertained as conservatives we need to put our money where our mouths are. we need to contribute to a new hollywood. we need advertisers an alternative place to put the bucks. we're good at boycotting the advertisers will have to go back to his eyeballs or and eyeballs on mainstream television. they will keep putting it where

if you're gay and lesbian after two decades of don't ask, don't tell, the military takes off the blinders. but a few good men and women still have to stay in the closet for now. then, rupert murdoch's son in the hot seat. >> what i knew at the time -- >> what did jam know and when did he know it? meantime, mrs. rupert murdoch is in the pink. she wept from trophy wife to a venking angel. a fascinating look at crouching wendy, hidden tiger. >> let's get to washington. there is a crash in a late friday afternoon. our chief white house correspondent is there. and we have kate baldwin on capitol hill. jessica, let me start with you. we've seen this type of thing out of washington. rarely this pointed. how much of this is political theater? how much of this is the real deal? >> reporter: well, at this point it's the real deal. a deal has to get done tonight. we saw the president at his most frustrated in the debt negotiations. and he said that if this does not get done, congress has inflicted a self-inflicted wound. we were told when the president receives the calls saying this deal is off, i w

two of this country's most distinguished economists: alan blinder, former vice chairman of the federal reserve; and mark zandi former consultant advisor to this senator mccain evaluated the response to the last downturn. their conclusion: absent that federal response, we would have had great depression 2.0. mr. president, the legislation before us would have prevented that federal response. they call this legislation cut, cap, and balance. they misnamed it. they should have called it cut, cap, and kill medicare. because that's precisely what it would do. mr. president, why do i say that? because when i referred earlier to the internal -- inconsistency of this legislation, this is what i was referring to: they have two different spending caps in the lilings befor in the us. in one part of the legislation, they say the spending cap would take spendin spending from 24.1f g.d.p. to 19.9%. that's in one part of the bill before us. in another part of the bill -- constitutional amendment -- they say, the spending cap would be 18% of g.d.p. so i don't know who cooked this up, but you'd think t

they should have done more, they should have opened that, shouldn't have been walking around with blinders. shouldn't have been trying to put square pegs in round holes. if they just kept an open mind they would have seen what was going on here. they would have seen that the truth wasn't exactly the truth and that there was more to the lies. >>> you heard dominic -- hoover take the stand. you may recall both of these were private investigators working for the anthonys. you heard something and you saw a video of where ty went searching in november. you may recall dominic casey may be the one that provided comical relief throughout this trial, a strange man, to say the least and his partner jim hoover when they went out and searched off of suburban drive. they not only searched but videotaped. for the very firstime they were looking for a dead caylee. mr. casey says, well, it was a psychic that sent me out there. a psychic that was introduced to him by cindy anthony. you heard cindy anthony get up there and deny ever sending him to the woods. you heard george anthony, once i saw that video,

so they're trying to put the blinders on, and just focus on tomorrow night. lester?ome. ann thompson in frankfurt this morning. thanks very much. up next, harry potter's final hurrah, inside the $6 billion empire. but first, this is "today" on nbc. >>> "harry potter and the deathly hallows part 2" is looking to bring magic at the box office. the film has grossed more than $42 million in the u.s. and that's just from midnight screenings. it's expected to smash the opening weekend record. the movie is also the last in a series of adventures that began a decade ago. they're back. those bespeckled fans in black robes turning out once again in cities across america. >> harry potter has been my life for the past 12 years. >> reporter: but it's a bittersweet moment. >> harry potter? >> reporter: as the final ep sod, "harry potter and the deathly hallows part 2" begins its run in theaters, so ends an era. >> we've gotten to know these characters and to care about these characters and to watch them grow and change over ten years. and now it's time to say good-bye, and to see

two of this country's most distinguished economists: alan blinder, former vice chairman of the federal reserve; and mark zandi former consultant advisor to this senator mccain evaluated the response to the last downturn. their conclusion: absent that federal response, we would have had great depression 2.0. mr. president, the legislation before us would have prevented that federal response. they call this legislation cut, cap, and balance. they misnamed it. they should have called it cut, cap, and kill medicare. because that's precisely what it would do. mr. president, why do i say that? because when i referred earlier to the internal -- inconsistency of this legislation, this is what i was referring to: they have two different spending caps in the lilings befor in the us. in one part of the legislation, they say the spending cap would take spendin spending from 24.1f g.d.p. to 19.9%. that's in one part of the bill before us. in another part of the bill -- constitutional amendment -- they say, the spending cap would be 18% of g.d.p. so i don't know who cooked this up, but you'd think t

alan blinder said in terms of reducing the deficit, i'm not an expert on this thing.but here's my advice to you: find out what works, do more of that. think of that. fientsdfind out whatworks, do m. in congres if we do that kind og rntionz if we just make that really a cultural change going forward, we'll get us back on the right track. that's our challenge. it's not just dernlings not just republicans, not just the congress. we're all in this together. and in closing, that's a good thing for us to remember. we're all in this together. we don't have all the smart ideas on this side, neither do the republicans. got to be a combination of spending and revenues and if we're smart about it, we'll come out of this at the end of the day just fine. thank you, and with that, i yield the floor to my friend from florida. mr. nelson: madam president? the presiding officer: the senator from florida. mr. nelson: madam president, i know the senator from massachusetts has time and i just wanted to take this time while he is coming into the chamber to say that the drumbeat -- you can

when he talks economics without his blinders on. 550 word op-eds you can see his brilliance. writes the op-eds, really. >> the former white house adviser, you would not put him in the same camp as paul krugman. however, in the past two months or so, he's been giving speeches around the country and talks where he echoed the point paul krugman is making. it's been cut too steep too soon. we risk the 1937 experience. >> i think we all agree with that. >> put aside whether paul krugman is too mindless about long term debt. i think it's very simple to say that's a way to get out of this recession and expand the taxes. close the deficit and create jobs and a better tax revenue structure. we need to invest. that's what they are trying to say. >> we need to have a stimulus program. >> let's do a stimulus. >> larry somers and paul krugman say we thought it would increase demand. how do you create a stimulus program, widen the deficit. >> there's the problem. >> david gregory is next. >> no easy choices here. >> no. so this is enzo, the artiste behind my wardrobe. you know, when i got

colleagues to jettison their ideological blinders and get down to pragmatic problem solving that will allow us to avoid default in its aftermath. we have had debt ceiling renewals on our desks for decades, and no one has ever played brinkmanship like this. no one has ever said our nation will not live up to its obligations, this great nation which always has from the days of the founding fathers and alexander hamilton. on this side of the aisle, we're working in good faith to reach a deal. over the past few months, we have worked diligently to identify more than a trillion -- that's a trillion with a t -- dollars in spending cuts, many of which are just as painful to our caucus as taking away tax breaks to millionaires are to the caucus on the other side. it can't be just one way. we have put these difficult cuts on the table, because on this side of the aisle we recognize that our deficit is unprecedented and that bold comprehensive action needs to be taken in. and let me say this. an agreement, a budget agreement cannot be considered bold or comprehensive unless it asks millionaires

none of us have blinders on. of us have to make a decision about what is more important, the country or an election. i think the country is more important i think we should raise the debt limit. host: is bergen county in your district? guest: no. host: this next call is from bergen county. colleen on the republican line. caller: good morning, mr. pascrell. happy new jersey morning to you. guest: yes. caller: you just said from the minute the president obama became president, basically, they were after him, correct? guest: that's exactly -- well, i did not use those exact words, but i will accept your words. caller: ok, so when governor christie was elected, and this is the new york metropolitan area, biggest media in the world, biggest media attack him from the minute he became elected. especially the teachers union attacked him. in one and half years, he has turned around this state, because the average taxpayer, property taxpayer, in new jersey pays anywhere from $850 to $1,000 a month and a property taxes. i w

two of this country's most distinguished economists: alan blinder, former vice chairman of the federal reserve; and mark zandi former consultant advisor to this senator mccain evaluated the response to the last downturn. their conclusion: absent that federal response, we would have had great depression 2.0. mr. president, the legislation before us would have prevented that federal response. they call this legislation cut, cap, and balance. they misnamed it. they should have called it cut, cap, and kill medicare. because that's precisely what it would do. mr. president, why do i say that? because when i referred earlier to the internal -- inconsistency of this legislation, this is what i was referring to: they have two different spending caps in the lilings befor in the us. in one part of the legislation, they say the spending cap would take spendin spending from 24.1f g.d.p. to 19.9%. that's in one part of the bill before us. in another part of the bill -- constitutional amendment -- they say, the spending cap would be 18% of g.d.p. so i don't know who cooked this up, but you'd think t

she's really pulled a blinder on that one. wardrobewise, she's not got a stylist.person here for her image is a hairdresser. >> i want to ask you, camilla, at home we know the paparazzi chases william and kate quite regularly. what's it like when they travel over seas? are they sounded by press in the same way they are in great britain? >> well, they're not hounded in their private time, but there are a lot of camera clicks as they go around their daily business. the photographers here are as numerous as the journalists. actually kate said last night at the media reception it was a refreshing change to be walking around and having a chat without having lots of flash bulbs going off in her face. that's par for the course. she knows for these ten days she is very much public property and the press wants her every second of the tour. >> people just can't seem to get enough of them. thank you so much. as you said, happy independence day. i didn't know whether to say that the you. >> now, that's fine. re when in rome. >>> if you want to relive the royal wednesdaying, we

two of this country's most distinguished economists: alan blinder, former vice chairman of the federal reserve; and mark zandi former consultant advisor to this senator mccain evaluated the response to the last downturn. their conclusion: absent that federal response, we would have had great depression 2.0. mr. president, the legislation before us would have prevented that federal response. they call this legislation cut, cap, and balance. they misnamed it. they should have called it cut, cap, and kill medicare. because that's precisely what it would do. mr. president, why do i say that? because when i referred earlier to the internal -- inconsistency of this legislation, this is what i was referring to: they have two different spending caps in the lilings befor in the us. in one part of the legislation, they say the spending cap would take spendin spending from 24.1f g.d.p. to 19.9%. that's in one part of the bill before us. in another part of the bill -- constitutional amendment -- they say, the spending cap would be 18% of g.d.p. so i don't know who cooked this up, but you'd think t

i worry that the blinders get on, and we lose perspective about whether or not these projects are essential to the mission of defeating the taliban and providing stability. i'm not quarreling that we have to train the army or the police , but i just think it is time for us to really button down whether or not building the roads that we are building, and building the schools that we are building, and building the justice centers that we are building, and sometimes usaid is building them, sometimes the department of defense is building them. is the army corps taking the lead on all of these a.i.f. projects? >> i know they are taking the lead in at least one of them. i can get back to you with who is on the lead. >> and i assume all of these are being contract out? >> we are in the process of doing that, but yes, they -- it will be contracted. i will have to take that question, ma'am. >> all right. i have a number of other questions in here. you have stayed long. this hearing was supposed to be over at noon -- what? sorry. i've got to ask about counternarcotics before we go. we released a repo

president, two of the most distinguished economists in our country -- alan blinder, the former deputy chairman of the federal reserve, and mark zandi, who was an advisor to john mccain's presidential campaign -- studied the government response to the latest financial crisis. here's what they concluded: "we find that it's effects on real g.d.p., gorks and inflation are huge and probably averted what could have been called great depression 2.0." this amendment before us would have stopped the governmental response which two of the nation's most distinguished economists tell us averted great depression 2.0. when all is said and done, the financial and fiscal policies will have cost taxpayers a substantial sum, but not nearly as much as most had feared and not nearly as much as if policy makes had not acted at all. if the comprehensive policy responses saved the economy from another depression, as we estimate, they were well worth their cost." mr. president, this amendment that is before us now would have prevented this response, would have prevented averting a great depression. mr. presi