. >> james k. galbraith is the author of the predator state along with seven other books including some textbooks. he is the lloyd benson chair in government and business relations and professor of government here at the university of texas at austin. former executive director of the joint economic economy for the u.s. congress. some of his books include created unequal: the crisis of un-american pay, bush, greenspan and the economics empire. as a public policy example, what do you think about how the obama administration interacted with the car companies? with gm and chrysler to help -- to bail them out as we say in the colloquial? >> well, they helped preserve those companies and transformed them. they did go through a bankruptcy process, and i think that was appropriate. but we now have companies that otherwise would have folded up taking down with them vast networks of suppliers and they have a chance now to prove themselves in the marketplace. i think that's sensible, defensible practice. i don't agree

dialogue that's what i mean by that you know there are many economists for example talk with james k. galbraith two weeks ago on this program who was interviewed in your new book who are prince has some mystic about the economic future of this country because the fundamentals economic fundamentals haven't shifted back to where they were before the reagan revolution if you agree with that thesis to what extent do you think that the media has played a role in turning politics into sports and keeping the public on. that politics has become a support is because a lot of the only lookers food media like to be entertained and amuse they like the blood and gore as the romans did the mcauliffe see him and know they're. it's very little serious alternative economic information in the mainstream media you know we have lost seven million jobs since two thousand and eight since the great collapse of two thousand and eight and james galbraith talks about this very vividly and in the new book as you said seven million jobs what is washington debating right now what's the mainstream you're what mirah is the m