that resonates with people across the country for the most part. >> jared bernstein, former chief economist for vice president biden. jared, great to see you. thank you. >> thank you. >>> so miss new york wants to use her bully pulpit, so to speak, to put an end to one of the biggest problems for kids these days. we'll bring you the details next on that one. >>> plus, growing outrage over the penn state sex abuse case. melissa harris-perry sounds off next. lifeblood of our communities. on november 26th you can make a huge impact by shopping small on small business saturday. one purchase. one purchase is all it takes. so, pick your favorite local business... and join the movement. i pledge to shop small at big top candy shop. allen's boots... at juno baby store. make the pledge to shop small. please. shop small on small business saturday. ♪ that's good morning, veggie style. hmmm [ male announcer ] for half the calories -- plus veggie nutrition. could've had a v8. and here's what we did today: supported nearly 3 million steady jobs across our country... ... scientists, technicians, engineers

jared bernstein is a former policy adviser to vice president joe biden. your blog title on the economy. you basically say, the reason why we sigh this on this picture right here, it is a problem on top of the problem, the heart of why we're at negative 6% is not really just the recession. explain that. >> sure. every decade since the 1950s, and this is republicans and democrats, this is not a political statement here, we've added 20 to 30% in terms of employment growth, until you get to the 2000s, and then over that business cycle, you see job growth of only 4%. if you compare the '90s, we added something like 25, 26 million. if you think about the 2000s, it was about 5 million or so. and that's -- predates the great recession, of course, where we lost millionsç of jobs. at the same time, with such weak job markets, many middle class families actually fell behind. the poverty rate was higher at the end. higher at the end of that expansion. middle class families were lower. so the fact that you see people very unsettled about the developments over the gre

joining me now, msnbc contributor jared bernstein, former chief economist for vice president biden, nowicy priorities. jared, republicans want corporations to pay less and poor people to pay more. isn't that the class warfare they're always railing about? >>s in tax report you mention, it's actually a little worse. these corporations actually got significant rebates back from the government to the tune of billions remember, anybody who goes to work is paying payroll taxes, and the main point is that if he actually look at where incomes have gone over the last two, three decades, the growth has done an end run around the middle class and gone right to the top. all the ideas i'm hearing from the republicans on this issue would make that worse. it's that simple. >> well, let me -- to give some evidence to your points is saves the koch brothers 8.7 billion each. they also invest in the political class. that's an investment that pays pretty big returns unless the rest of us do something about it. >> you look at the fact that the real class warfare. look at this, the u.s. corporations right n

joined now by jared bernstein. also wall street journal senior editorial board member. you've been on these meetings before. what's it going to take to get a deal at this point? is that even a realistic expectation? >> i don't think it's a realistic expectation. perhaps something small could be kicked out of the committee. that's a washington shuffle. at times like this, you come up with something small and say we succeeded. but even if these guys were to come up with $200 billion of deficit savings, you would still have a trillion dollars in cuts. they set the rule at $1.2 trillion. so they started as far apart as you could get. you had a negative ion and a positive ion in the room. science says they can't come together. there were some efforts there and some suggestions that perhaps there was some movement. a little give on the republicans in taxes, but they backed way off of that. so, it looks like gridlock. >> steve, both sides seem to agree on eliminating some things. but there seems to be an untapped market that's not been explored yet like mortgage interest or re

we want to bring in mike viqueira, live from the white house, and jared bernstein, a former chief economist and economic policy adviser to vice president biden, as well as melissa francis. mike viqueira, i want to start with you, the president is being taken to task in that press conference in comparison to what he can bring to the table when a lot of the attention at the g20 summit is being paid to nick lard sarkozy. >> one way to look at it, if you're a white house official, the president himself, the president is being dogged by these questions clear over in europe about the american economy, the continued economic growth, about the downgraded forecast from the federal reserve just this week and about today's jobless report, only showing about some 90,000 jobs created. still stuck at 9%, but in europe, there's a full-blown crisis. the concern on the part of president obama and officials here is that it could be contagious, spread to spain, portugal,ireland, and ultimately to the united states. we've heard about over the past couple days as the leaders of the g-20 have met in cannes, abou

. >> and jared bernstein a liberal economist that used to work for vice president biden did a blog today said all of this shows we are in a long serious slog right now. hard to get out of it he prodded congress to get moving and do something because of that slog. >> republicans are insisting that they are not the ones holding things up here. >> yeah. it's interesting. a couple nights ago, eric cantor, the house majority leader sat down with his wife, vice president biden and his wife for a little dinner. try to start working things out on jobs and debt deals and whatnot. it doesn't look like the hobnobbing really relieved any of the tension. eric cantor was out there today beating up on the administration and saying, look, house republicans are not the problem. they have passed at least 15 economic measures. they are waiting for the senate to move. take a listen. >> that's why we are here today, again, trying to tell harry reid, please, join us and bring these measures to the floor for an up or down vote. if they don't pass, fine. what is harry reid and the democrats afraid of in the sen

peter morici and jared bernstein. let's plan on splitting this thing in half. quick and dirty on jobs, peter? >> another mediocre month. 80,000 jobs is not a heck of a lot. the good news is, it was widespread. lots of sectors picked up a few jobs. banking lost a couple, telecom did. but we expect that, given what's going on in those industries. we simply have to do better than this, and we're not. >> jared, two cents on jobs here, and then let's get to the g-20. >> well, look, one sector that continued to do badly was the public sector, shed 24,000 jobs, over 350,000 over the past year, down in the public sector. now, states have to balance their budgets and localities and cities have been just shredding jobs. cops, police, firefighters. the president actually has a plan to help, but it's going nowhere in congress. >> real quick, let's evaluate the politics on jobs and cut to greece and the g-20. is anyone expecting anything of consequence on the policy front between now and the end of the year, jared? >> only one thing. the payroll tax holiday, it's almost unf

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." >> on behalf of jared bernstein, mick mulvaney, and chuck todd, i think all of you for your attendance. i am invited victoria lion monroe back up here. >> thank you, gentlemen, thank you, congressmen. today's event was filmed by c- span. additionally, the archives of this morning's events will be on nationaljournal.com. i would like to thank our underwriters, the association of home builders, and the american beverage association for helping to make this morning possible. thank you again for joining us. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> coming up this afternoon, a hearing on an epa regulation dealing with power plant pollution and the impact on job growth. at 6:30 eastern, gary shapiro on what recommendations at the technology committee is making to the joint deficit reduction committee. later tonight at 8:00 p.m. eastern, a live debate between herman cain and newt gingrich. they have agreed to a lincoln- douglas style debate. tomorrow on "washington journal," an economist on unemployment and t

jerry bernstein is currently the senior fellow at the center on budget and policy priorities. prior to joining the center jaredember of president obama's economic team and the chief economist and economic an economic adviser to vice president biden. over to you gentlemen. >> thanks for being with us and we are stuck with the issue that nobody's talking about in the campaign and obligations was whatsoever for the 2012 election are governing a 2013 so chuck i guess we are behind a paul. >> i guess. i hear the economy might matter a little. >> right, just a wee bit. gentlemen i am a chargers fan so i'm traumatized this morning after watching the fumble last night on the 15th yard line. chair if we are going to ask in the general context of you had to say one thing -- [inaudible] if you could say candidly looking back up there was one thing in the efforts of the obama administration to try to deal with an admittedly difficult economic situation, one issue, one area the economy that you mishandled what would it have been? >> i will give you two. first i think the recovery act was extremely effective and doing what