jared bernstein will join me next. at bayer, we've been relieving pain for over 100 years. and today, we're re-inventing aspirin for pain relief. with new extra-strength bayer advanced aspirin. it has microparticles so it enters the bloodstream faster and rushes relief right to the site of your tough pain. in fact, it's clinically proven to relieve pain twice as fast. new bayer advanced aspirin. extra strength pain relief, twice as fast. [ male announcer ] test our fast relief. love it, or get your money back. >>> we're back with the breaking news report on rick perry's flat tax proposal which he's just released through an op-ed piece in "the wall street journal." a choice between your current tax rate or a flat tax rate of 20%. a reduction in the corporate rate to 20%. and an opt out of social security for younger workers. joining me now by phone is msnbc analyst jared bernstein, former chief economist to vice president biden. thank you for joining me. >> thank you for having me. >> i'm speed reading through the op-ed piece in the journal and what i'm seeing is you would h

jared bernstein will join me to run the numbers. >>> later in the spotlight, a word exclusive, apple cofounder steve wozniak talks about steve jobs. that's coming up. [ junior ] i played professional basketball for 12 years. today i own 165 wendy's restaurants. and i get my financing from ge capital. but i also get stuff that goes way beyond banking. we not only lend people money, we help them save it. [ junior ] ge engineers found ways to cut my energy use. [ cheryl ] more efficient lighting helps junior stay open later... [ junior ] and serve more customers. so you're not just getting financial capital... [ cheryl ] you're also getting human capital. not just money. knowledge. [ junior ] ge capital. they're not just bankers... we're builders. [ junior ] ...and they've helped build my business. >>> coming up, we'll have steve wozniak, cofounder of apple talking about steve jobs. but first, we do have breaking news from the rick perry campaign. the new flat tax proposal, which is an astonishing give away to the rich. jared bernstein will join me next. [ female announcer ] so you thin

congressman keith ellison and jared bernstein on this country's great divide. >> how can you say no to creating jobs at a time when so many people are looking for work? it doesn't make any sense. is the president hammers republicans in colorado on jobs, and kickstarting the economy. >> candidate cain's viral video inspiring a few spin-offs, but what about votes? he's meeting in ohio. nia malika henderson and dana milbank ones cain crisis. >>> and parent alert, the baby whisperer wrangles a fussy infant. now can he quiet the big babies on the hill? "politics nation" starts right now. >>> welcome to "politics nation." i'm al sharpton. tonight's lead -- class warfare republican style. folks, everything you need to know about class warfare can be summed up in this eye-opening graphic. during the past three decades, the top 1% in this country saw their earnings grown by 275%. but during that same sometime, the middle chunk of this country only saw a 40% growth. this is from a government report. and the poorest fifth, they only saw 18% in this. this is stunning. for republicans who might not

here's jared bernstein. he's with the center on budget and policy priorities, and as former chief economist to vice president joe biden, he's no stranger to presidential politics. >> the long american election cycle is upon us. i do not take the privilege of democracy lightly. what matters most to the future of our country is that voters clearly understand the issues at hand. there is too much at stake to throw up our hands in confusion on the policy, only to decide which candidate we'd like to share a beer with. so lets talk facts. candidate herman cain claims that his 9-9-9 tax plan will lower the federal tax bill for the middle class. yet every independent analysis i've seen shows this to be false. the tax bill for a $50,000 household with two kids would go up by $5,000 under his plan, and because the plan exempts so called non-labor income like capital gains and stock returns from taxation, the tax bill of the very wealthy would fall. this would exacerbate our already severe inequality problem, yet that

joining us now is jared bernstein, former member of president obama's economic team, former economic viser to vice president joe biden and who is now a senior fellow at the center on budget priorities and msnbc contributor. jared, thanks for being here. >> thank you for inviting me. >> voters are as close as they get to unanimous. that keeping teachers and firefighters and cops on the job is the right thing to do right now. is there anybody else who is opposed to this along with these republican senators and ben nelson? are economists as a group saying this is a bad idea or something? >> no, i mean, you can always find some economist to say something bad about anything. overall it's widely recognized that the president's jobs plan in total is what's needed to start nudging the unemployment rate in the right direction. if we don't do that, we're probably going to be looking at an unemployment rate that's 9% or north of that a year from now like we are now. we have democrats to the right of republicans. i was struck by these poll results. 27% more republicans wanted to see teachers and

tonighght we take a look at the occupy wall street mement with jared bernstein with the center on budget and policy priorities. marshall ganz at the kennedy school at harvard, paul krugman colu else for the "nework times" and william buster one o protesters of the movement. >> what the protesters are doing. they've changed the conversaons already and they changed it to we're actually talking about the right things. where we are as a nation, we had a monstrous failure of the existing system followed by a motrous injustice. we had an enormous financial industry that ran wild, crippled the economy which remains crippled to this day, was bailed out and the players who bear some responsibility face virtually no consequences. more important, they did very little reforms. >> charlie: then we look at accusations of a plot pie certain iranian officials to kill a saudi arabiaian ambassador in washington using terrorists from mexico. we talked with f.b.i. official john miller and author roya hakakian. >> there were the rivalries between iran and saudi arabia have only become more and more pronounce

joining me now is analyst richard wolffe and jared bernstein, former chief economist for vice presidenten, now a senior fellow with the center for budget policy and priorities. richard, won't we see a failure to address the jobs crisis on the stage tonight? i mean, i told my friends it's like -- i used to tell friends at a mike tyson fight. if you're looking for a substantive job plan tonight, don't get a soft drink because you might miss it. >> right. well, you know, to quote rick perry, the question is whether these people have a heart about the unemployed. that's one side of it. you know, it's often in spite of the politics, in spite of the house republicans saying they wanted to campaign on jobs, jobs, and jobs, every time someone talks about jobs you get accused of being a democrat or a progressive. it would be nice for republican candidates to express some concern about the unemployed, unlike the tea party folks you just interviewed who seem to think that their position is one of sort of being too lazy to go out and find work, but even if you said all of the empathy question aside

. >> joining me now is msnbc contributor jared bernstein. nice to see you.a page out of president clinton's book and some of these piecemeal initiatives and populous speeches seem reminiscent of president clinton's tenure. is he writing a new economic narrative if you will? >> i think to some extent that's correct. i think the president for much of his first term has been somewhat shying away from small clintonesque kinds of initiatives. he doesn't have a choice right now given the intractable partisan barriers in congress. i actually think that this we can't wait theme that he's promoting along with the kinds of dynamics that you just heard axelrod and plouffe describe are working pretty well. because i think they merge with the public sense that, in fact, they can't wait. if you're on the other side of that argument, as many republicans are finding themselves, it looks like you're okay with waiting. >> and we learned that the economy grew at 2.5% in the past quarter. also the dow has been up. it's up 12% in october. what do you think, jared? could these si

>> you've got jared bernstein and peter morici arm in arm. >> fantastic, gentleman. have a great weekend. thank you, jared. thank you, peter. again, to bring the jobs into this country, we have to bring flows of money into this country. right now, it's being removed. it's being removed as a matter of policy that's being auctioned off at our government, which is why we have to ban the auctioning of our government. get money out. that's the topic of our new blog post. it's up right now on dylanratigan.com and "the huffington post." to give it a read and if it connects with you, click on over to getmoneyout.com and put your name on the petition so that the next time it's brought to washington, d.c., your intentions are represented to our politicians and make sure to tell a friend, as the growth in this petition is exclusively driven by modern-day digital wave theory. if you tell somebody else every time you sign up, the wave explodes. make it happen. coming up here on "the d.r. show," ten years and koucountin. what our specialist says the u.s. government does not get abo

joining us now is jared bernstein, a former member of president obama's economic team, a former economic adviser to vice president biden. he's now a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, my friend of many affiliations, thank you for being here. >> my pleasure, ezra. >> so president obama described his jobs act today. and he said it was at least in part an insurance policy against what's happening in europe. if that doesn't go forward, what other options do we have? how do we prepare for this storm? >> well, it's a tough question. i mean, first of all, insurance is something you buy against something bad that might happen in the future. we've got bad things happen in the present, and part of them are very much related to the european contagion. although of course he our problems started years ago. look, fiscal policy, you know my wrap. it's really the only game in town. i like what with ben bernanke and the federal reserve are doing to try to lower interest rates to stimulate more investment. but people won't invest if there's not mor

um, but first we're going to have jared bernstein. >> i'll stand here, yeah, sure.thank you, lisa and skip. um, hmm. oh, that's that. okay. [laughter] let me start out by saying how much i really like this project. i don't know, for those of you who are at all familiar with my work, i very much try to get out of the kind of traditional boxes that economic analysis usually starts from, and i think lisa and skip have done reicely that with -- precisely that with the project. in fact, my comments are uncharacteristically going to go back the other way, get us a little bit back inside that box, um, and i want to pose just a couple of basic questions about, about the research. but, um, i do want to begin by saying, um, i very much agree with and endorse the themes that you've heard so far. i think the energy trap is real, i think it is taxing the middle class, and i think it's posing obvious challenges for our, not just our economy, but the environment that we're going to leave to our kids. um, the first issue i want to raise and talk most about in my comments is a funda

. >> jared bernstein, as ever, thank you very much.th us. >> no matter how tough times are, no matter how many obstacles stand in our way, we are going to make the dream that all americans share real once again. and that starts right now. it starts with you. >> here are tip to optimize your small business content. choose the right place to host your content. keep it less than three minutes. and attach a text transcript to your video. it lets search engines get a better read of your content. [ male announcer ] humana and walmart have teamed up to bring you a low-priced medicare prescription drug plan. ♪ with the lowest national plan premium... ♪ ...and copays as low as one dollar... ♪ ...saving on medicare prescriptions is easy. ♪ so you're free to focus on the things that really matter. call humana at 1-800-808-4003. or go to walmart.com for details. >>> i don't want dirty air, i don't want dirty water. come on. it's about what makes sense. and if we can compete and compete successfully, more americans will be back to work. >> house sp

and jared bernstein. it said if you had the stimulus, it wouldn't go above 8%.hey forecast that in december of 2008 when they were doing not work. we hoped the recession wasn't going to be that bad. the stimulus was way too small for what they thought it was going to be, way too small for what we actually have. we have unemployment high and an easy attack line for mitt romney and others. one point on how much the jobs cost. republicans tend to like the idea you actually pay for something real when you're doing spending. a lot of government support infrastructure spending. when you have to build a bridge, have to pay for copper, have to pay for steel, have to pay for trucks to move around. it's not that you can divide by the amount of dollars you spend and see how much your jobs cost. if you want to give every american 50,000 bucks, we can to do it and buy things. the stimulus was attempting to do things that were a little more worthwhile than that or seemed to be for folks in the political system. it cost more money and we also got bridges. >> ezra, we're out of

jared bernstein. >> i will stand here. yes, sure. thank you, lisa and skip. ok. [laughter] >> let me start out by saying how much i really like this project. for those of you familiar with my homework, i very much try to get -- with my work, i very much try to get out of the traditional boxes economic analysis starts from, and i think lisa and skip have done precisely that. my comments will go a little bit back inside that box. i want to pose some basic questions about the research. i want to begin by saying i very much agree with and endorsed the seems you have heard so far. i think the energy trapped is real, taxing the middle class, and posing obvious challenges for our economy and the environment we will leave to our kids. the first issue i want to raise and talk most about in my comments is a fundamental question that i had reading all of this material and looking at those amazing graphics. i liked the little bubbles. it reminded me of drinking champagne or something. [laughter] >> it is not as clear to me as it should be. these are critical comments basical