they said the same thing about herbert hoover. i think the analytical coolness working -- works. from time to time the power of the president is a power to persuade. and to persuade you have to let people know, i really care about this. analytically -- >> i think that's why we've seen joe biden on so many covers because joe biden has in spades that which barack obama is lacking, and the common touch that the white house -- >> there are o cages -- but the problems that the last time we've really seen himer moting like that was the race speech in philadelphia. that's probably why that speech was effective. chris: tell me something i don't know. be right back. chris: welcome back. katty, tell me something i don't know about 2010. >> chris, this is going to be a really violent period in afghanistan. but i think that we're going to get the end of this year, and there is going to be a picture that we are coming home. chris: oh. that's news. >> dan? >> well, sticking to the afghanistan theme, one of the things to look for in this year is whether the opponents of america's mission and th

he got trounced against herbert hoover in 1928 in part because he ran as an open catholic against herberthoover. and that was the last big time i think that the country really saw the anti-catholic bigotry in the country of the 1928 election. as i mentioned before, you had organized crime taken over the cities. chicago is the best example. you know, you think of al capone operably the most famous gangster in world history. you know, he made his fortune bootlegging alcohol. bringing in and from canada and other places. and of course, it is increasingly turning to violence. everybody has heard of saint valentine's day massacre from figure 14, 1929. and i was on the front page of every newspaper in the country. so people at that point really realizing how violent prohibition was becoming. but to actually get the constitution changed back seemed like nearly an impossible thing until october of 1929. and of course on that month, the stock market collapsed. and with the advent of the great depression, the country went through political change very similar to what happened in 2006 and 2008. if y

. >> larry, ron paul sounds an awful lot like herbert hoover in 1932.erbert hoover and secretary of treasu treasury melon said liquidate everything and everything will be found. it took franklin d. roosevelt to show everybody keynesianism was right. if you have to go into debt to get people back to work that's better than not doing

well, he said, i think if you would go to various presidential libraries, perhaps starting with herbert hoover'slibrary up in iowa, and going at least through every presidential library through lyndon johnson, he said i think you'd find a lot of stuff in presidential papers that has not been redacted by your former employer, the central intelligence agency. so i said, hey, that's a great idea. and that's exactly what i did. you know, i went to austin, texas, and hyde park, and in some places i can't and in other places i stayed in a hostel, sleeping in a room with four to six other guys. because i like to eat well, you see. that's what i did. so that was the second serendipitous. then the third one, occurred one day as i was walking out of the navy department library at the end of the day's research. a gentleman coming out of an adjoining building notice i was walking towards the bus stop, and he said, where are you going? i told him that and he offered me a ride. he turned out to be a native historian who had published a work on naval operations during the cuban missile crisis that had a few pe

the only one comparable, herbert hoover what obama's dealing with. obama dealt one of the worst hands in the history of the countries. go back and look at abraham lincoln's approval ratings which were terribly low and that's what's relevant. the other things are, those number, completely irrelevant. >> what has been dealt now, he has to partner with wall street, right, and the banking system to try to get it out. >> some of that partnering or talk of it is not in wall street in the good for his numbers. >> not going so hot. >> is fat cats better for husband numbers. >> not sure. speaking of fat cats roman newspaper rag, average 2008 pay of the banks who received the bailout money. that's 2008. 2009 we're hearing some giving up a bonus, some restructuring, some of them are not going to allow cash compensation for the highest paid people. does america, i guess and the white house, is their relationship with the banking industry getting better? in 2010? >> couldn't get worse. but, no. i do think that a new element has entered american politics, which ha

. >> ron paul sounds like herbert hoover in 1932. liquidate everything and everything will be fine. it took franklin d. roosevelt and ultimately the second world war to show everybody that keynesianism was right. if you have to spend and go into debt to

you have republicans sounding like herbert hoover, saying, don't do anything. just allow the economy to do what it's going to do on its own. the problem is, it's not going to do anything on its own. >> the most important thing that the government can do is to provide the incentes for the prove sector to create the jobs. what you're seeing is -- a private sector is unwilling to step up and add new employees because of costs. >> and they are worried about health care. let's get to that. the house and senate negotiations began this week. the president lost a big ally. not this week in his state of the state. >> california's congressional delegation should vote against this bill that is a disaster for california or get in there and fight for the same sweetheart deal that senator nelson got for the corn husker state, because he -- [ applause ] because that senator got for the cornhusker state the corn, and we got the husk. >> senator nelson says now he wants every state to get that exempti exemption. are they overly optimistic? is the bill in real danger? >> if the

it also shows in stock turns is that when we return to some level of normalcy, and to i guess herbert hoover's that the problem is primarily a spending problem. even if you get your revenues back to where they are and on average over the last 40 years, you don't solve our problem and we continue to pile on this debt and we get to a position regrettably in the very near future where our debt is so large that like a dog we can't catch our tale. in other words we will build to afford the interest payments on that death. the world community and our own nation will be suspicious of our capacity to pay our debt down, which will lead to an inevitable crisis of significant proportion relative to the value of the dollar and our ability to sell debt and the relative to the productivity of the nation, as we probably have to dramatically raise the cost of government and the productive side of the ledger. so, this is a problem of inordinate proportion and it is, in large degree, a spending issue. and that's we have to start addressing it on the spending side, obviously, there others who want to address it

people are piling on calling him herbert hoover. the idea that cutting government spending when trying to grow jobs is counterproductive. at the same time republicans say it is too little too late. when you look at the numbers $15 billion is not that much on a $1 trillion deficit. either the administration is trying to put that out there that we are serious. host: we will hear more of this during the speech tomorrow. our coverage begins at 8:00 p.m. eastern. the cbo comes out today with its budget forecast. what do you expect? guest: the timing of the announcement is interesting. deficits are expected to continue to grow because of the economy and measures that had to be undertaken. it is framing the issue, staying ahead of the news. host: you can watch the cbo event at 11:00 a.m. on c-span3. they released their 2010 budget outlook. we will hear lots of reaction. we will try to bring much of it to you. the first call comes from hill city, s.d., on the democrats' line. caller: good morning. ben bernanke has always been an appointee o

brock herbert hoover obama. and obama liquidates himself.ama's self-inflicted lobotomy it proceeds apace. it is the president risking alienating the liberal base before the midterm elections? any concerns, the base you need to turn out on election day? guest:: the base, i think, wants to see the economy recover as fast as anybody and that is why the president has been focused on job creation and has made a point and saying the most the poor thing we need to do to improve the deficit situation is to get people back to work. we want to get people back to work so that they can pay the bills and meet the rent payments, but also if people are not back to work, obviously the deficit will continue to get worse. so, that has to be job number one. but what the president is saying here is we also need to get our long-term fiscal house in order, and we have taken a number of steps. and the house we are working very hard to pass what we call pay as you go. if the federal government and, to launch a new program will have to find reductions elsewhere or s

present an economic policy which was the poorest job -creating administration eight years since herbert hoover. an average of approximately 4,000 jobs per month. you need 100,000 just to stay even. now, i will tell the gentleman since the recovery act, which you nor your party voted for, since the recovery act, let me tell you what the last quarter was, perhaps you know. we still have not succeeded in growing jobs. so we haven't had success. but we've had great progress. let me tell you how much progress. remember, i told you you lost in the last three months, under your economic program, 2 headquarters 019,000 jobs. the last quarter we lost 200,000 jobs. that's way too many jobs. we want to be creating as the clinton administration did, on average, 220,000-plus jobs per month. 22 million in total over eight years. so that i tell my friend that when the gentleman says we haven't had progress on this, those figures, in my view, belie that assertion. in fact, we made progress. not only that, the stock market is up 60%. it's had a couple of bad days. it's up 60%. since we adopted the recovery and

shows in stark terms, is that when we return to some level of normalcy, to use i guess it was herbert hoover'sterm, no, it was harding's term -- when revenues return to their historic levels, we still have a massive gap. because spending is not returning to historic levels. which makes the obvious point, that the problem is primarily a spending problem. even if you get your revenues back to where they've been on average, for the last 40 years, you don't solve our problem and we continue to pile on this debt. and we get to a position regretregret ably in the very near future, where the debt is so large, that like a dog, we won't be able to catch our tail. we won't be able to afford the interest payments on that debt. the world community and our nation will be suspicious of our capacity to pay the debt down. which will lead to an inevitable crisis of significant proportions. relative to the value of the dollar. relative to our ability to sell debt. and relative to the productivity of the nation as we have to dramatically raise the cost of government on the productive side of the ledger. so this

brock herbert hoover obama. and obama liquidates himself. obama's self-inflicted lobotomy it proceeds apace. it is the president risking alienating the liberal base before the midterm elections? any concerns, the base you need to turn out on election day? guest:: the base, i think, wants to see the economy recover as fast as anybody and that is why the president has been focused on job creation and has made a point and saying the most the poor thing we need to do to improve the deficit situation is to get people back to work. we want to get people back to work so that they can pay the bills and meet the rent payments, but also if people are not back to work, obviously the deficit will continue to get worse. so, that has to be job number one. but what the president is saying here is we also need to get our long-term fiscal house in order, and we have taken a number of steps. and the house we are working very hard to pass what we call pay as you go. if the federal government and, to launch a new program will have to find reductions elsewhere o

present an economic policy which was the poorest job-creating administration in eight years since herbert hoover, an average of approximately 4,000 jobs per month. 100,000 just to stay even. i will tell the gentleman since the recovery act which you nor your party voted for, let me tell you what the last quarter was. perhaps you know. we still have not succeeded in growing jobs. so we haven't had success. remember i told you you lost in the last three months 2,019,000 jobs. the last quarter we lost 208,000 jobs. quarter, three months. that's way too many jobs. we want to be creating as the clinton administration did on average 220,000-plus jobs per month. 22 million in total over eight years. so that i tell my friend that when the gentleman says we haven't had progress on this, those figures, in my view, belie that assertion. the stock market is up 60%. couple of bad days, up 60% since we adopted the recovery and reinvestment act. it had a minus growth under your economic policies during the bush administration. it decreased in value so that the investment i had in 2001 was about 26% less valuab

presents an economic policy which was the poorest job creating administration eight years since herbert hoover. an average of approximately 4,000 jobs per month. you needed 100,000 just to stay even. now, i'll tell the gentleman, since the recovery act, which you nor your party voted for, since the recovery act, let me tell you what the last quarter was. perhaps you know. we still have not succeeded in growing jobs. so we haven't had success. but we've had great progress. let me tell you how much progress. you lost in the last three months of your economic program 2,000,000,019 jobs. the last quarter we lost 208,000 jobs. a quarter, three months. that's way too many jobs. we want to be creating. as the clinton administration did on average 220,000-plus jobs per month. 22 million in total over eight years. so i tell my friend that when the gentleman says we haven't had progress on this, those figures in my view belie that assertion. in fact, we've made progress. not only that, the stock market is up 60%. had a couple of bad days, it's up 60% since we adopted the recovery and reinvestment act. i

presents an economic policy which was the poorest job creating administration eight years since herbert hoover. an average of approximately 4,000 jobs per month. you needed 100,000 just to stay even. now, i'll tell the gentleman, since the recovery act, which you nor your party voted for, since the recovery act, let me tell you what the last quarter was. perhaps you know. we still have not succeeded in growing jobs. so we haven't had success. but we've had great progress. let me tell you how much progress. you lost in the last three months of your economic program 2,000,000,019 jobs. the last quarter we lost 208,000 jobs. a quarter, three months. that's way too many jobs. we want to be creating. as the clinton administration did on average 220,000-plus jobs per month. 22 million in total over eight years. so i tell my friend that when the gentleman says we haven't had progress on this, those figures in my view belie that assertion. in fact, we've made progress. not only that, the stock market is up 60%. had a couple of bad days, it's up 60% since we adopted the recovery and reinvestment act. i

shows in stark terms, is that when we return to some level of normalcy, to use i guess it was herbert hoover's term, no, it was harding's term -- when revenues return to their historic levels, we still have a massive gap. because spending is not returning to historic levels. which makes the obvious point, that the problem is primarily a spending problem. even if you get your revenues back to where they've been on average, for the last 40 years, @ @ @ @ @ @ @ @ dramatically raise the cost of government on the productive side of the ledger. so this is a problem of inordinate proportions. and it is in large degree, a spending issue. and thus, we have to start addressing it. on the spending side, obviously there are others who wants to address on the revenue side. but i believe we've got to address the issue where it lies and this chart unequivocally points out that it lies in the fact that we're taking the size of the government from its historic level of 20% of gdp, up to 25, 26, 27, potentially uptoo 37% of gdp. how do we address that? last night the president related that he wanted to freeze o