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Jul 8, 2012
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robert reich was labor secretary during the clinton administration and jared bernstein served as chief economist to vice president biden. secretary, let me start with you before we get to the politics of it. explain to me the substance. what's going on? what does it mean in the big picture? >> essentially, michael, job growth has stalled. it's 8.2% unemployment, same as last month. but we also see that 80,000 jobs were created in june. that's nothing to crow about. the average monthly job growth of the last three months has been about 75,000 jobs. a substantial decline from the job numbers we saw in january, february and march. now, it's a similar slowdown to a slowdown we have seen in previous years. the hope, obviously, is that we get more job growth later in the year. that's a hope both economically and politically but it's very hard to make good news out of today's job numbers. >> mr. bernstein, where is it headed? i think we're aware of the statistic that says since world war ii no president has been re-elected when the unemployment rate was north of 7.4%. is it likely that 8.2 co
robert reich was labor secretary during the clinton administration and jared bernstein served as chief economist to vice president biden. secretary, let me start with you before we get to the politics of it. explain to me the substance. what's going on? what does it mean in the big picture? >> essentially, michael, job growth has stalled. it's 8.2% unemployment, same as last month. but we also see that 80,000 jobs were created in june. that's nothing to crow about. the average monthly job...
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Jul 6, 2012
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>> jared bernstein, quick final thought. >> we are deep into the silly season. this is one of the most inane debates we've had so far. look, if people who don't pay this penalty, people who can afford to get insurance but don't are placing an implicit tax on the rest of us who have to cover their uncompensated costs. it was part of his romneycare and now part of the health care plan. this is very, very simple and shouldn't be nearly as confusing as it's been. >> with regard to flip-flopping, mitt romney is not just a flip-flopper. he is a double somer salt triple double dip flip-flopper. this guy has been all over the map on every single issue. that is an important quality to bring out to make people understand that it is an aspect of character. >> mr. secretary, thank you, coming up, republicans are worried that mitt romney is spoiling what could have been a winnable election and there are a lot of people who never likeded romney saying see, i told you so. i read an article... well, i read the majority of an article online about how older people are becoming mo
>> jared bernstein, quick final thought. >> we are deep into the silly season. this is one of the most inane debates we've had so far. look, if people who don't pay this penalty, people who can afford to get insurance but don't are placing an implicit tax on the rest of us who have to cover their uncompensated costs. it was part of his romneycare and now part of the health care plan. this is very, very simple and shouldn't be nearly as confusing as it's been. >> with regard to...
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Jul 16, 2012
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we have jared bernstein, former chief economist to joe biden. steve delbianco of net choice. you first. if amazon.com want as distribution center and be subject to sales tax, okay, fine. why do the other online distribute tors have to be subject to a sales tax? >> great question, larry. easy to be confused. if anything the other governors ought to follow new jersey's lead. offer incentives to get amazon to come to their state and amazon will collect their sales tax. that's the best way to do it. all businesses play by the same rule. they collect sales tax for every place they have a physical es presence. >> uhif you want to play by tho rules, fine but each state should make up their own mind and each seller should make up their own mind. i'm a great customer of amazon and love them, i see this as an amazon power play, jared. that's what i see. >> the thing that's missing here is if you're someone who purchases something from an online retailer like amazon that doesn't have a physical presence in your state you're still legally obligated to pay the tax. you, the purchaser. wha
we have jared bernstein, former chief economist to joe biden. steve delbianco of net choice. you first. if amazon.com want as distribution center and be subject to sales tax, okay, fine. why do the other online distribute tors have to be subject to a sales tax? >> great question, larry. easy to be confused. if anything the other governors ought to follow new jersey's lead. offer incentives to get amazon to come to their state and amazon will collect their sales tax. that's the best way to...
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Jul 26, 2012
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jared bernstein, thank you for joining me tonight in our "off the cliff!" segment for tonight. d. >> sure. >>> coming up, mitt romney didn't go to london today to face questions about his income taxes, but brian williams was there to ask him why he's not releasing his tax returns. >>> and sometimes bill o'reilly can be, quote, so dumb it hurts. those are bill's words, not mine. and bill o'reilly is in the "rewrite" tonight. ♪ [ male announcer ] introducing new dentyne split to fit pack. it splits in to two smaller, sleeker packs that fit almost anywhere so you can take them everywhere. dentyne split to fit. practice safe breath. holding down the fort while you're out catching a movie. [ growls ] lucky for me, your friends showed up with this awesome bone. hey! you guys are great. and if you got your home insurance where you got your cut rate car insurance, it might not replace all this. [ electricity crackling ] [ gasping ] so get allstate. you could save money and be better protected from mayhem like me. [ dennis ] mayhem is everywhere. so get an allstate agent. are you in good
jared bernstein, thank you for joining me tonight in our "off the cliff!" segment for tonight. d. >> sure. >>> coming up, mitt romney didn't go to london today to face questions about his income taxes, but brian williams was there to ask him why he's not releasing his tax returns. >>> and sometimes bill o'reilly can be, quote, so dumb it hurts. those are bill's words, not mine. and bill o'reilly is in the "rewrite" tonight. ♪ [ male announcer ]...
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Jul 27, 2012
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joining us n, jared bernstein, former chief economic adviser to vice president biden, and msnbc contributor. jared, good to see you as always. >> great to see you and great to listen to you. >> tell me if i have it wrong. you're a smart guy. you know how to read this stuff. you've read all of the plans many times. you know the obama administration's policies well. are -- and the bush administration's, for that matter. are there major differences between the bush agenda and philosophy and what mitt romney's proposed here? >> no, if anything, governor romney doubles down. on many of the measures you mentioned. it was interesting, you said one thing that's different is rep l repealing dodd-frank. that's deregulation, right, that's the hair of the dog that bit you, and the amnesia that's setting in vis-a-vis financial markets, by the way, actually, i was struck by sandy weill saying all that stuff that he was partially responsible for, it didn't work, so even some people in the banking sector, greenspan recognized it, so this deregulatory trickle down agenda, i thought it was germaine for you t
joining us n, jared bernstein, former chief economic adviser to vice president biden, and msnbc contributor. jared, good to see you as always. >> great to see you and great to listen to you. >> tell me if i have it wrong. you're a smart guy. you know how to read this stuff. you've read all of the plans many times. you know the obama administration's policies well. are -- and the bush administration's, for that matter. are there major differences between the bush agenda and...
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Jul 27, 2012
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joining us now, jared bernstein, former chief economic adviser to vice president biden, now a senior fellow on budget and policies and an msnbc contributor. jared, good to see you as always. >> great to see you and great to listen to you. >> first off, tell me, you're a smart guy, you know how to read this stuff. you've read the plans many times, you know the obama administration's policies very well, and the bush administration's, for that matter. are there major differences between the bush economic agenda and philosophy and what mitt romney's proposed here? >> no, if anything, governor romney doubles down on many of the measures you mentioned. you know, it was interesting, at the end of your discussion, you just said, well, one thing that's different is repealing dodd/frank. that's deregulation, right? that's the hair of the dog that bit you. and the amnesia that's setting in vis-a-vis financial markets -- by the way, i was struck by sandy weill yesterday, former ceo of citigroup, saying, no, actually, all that stuff that he was partially responsible for, it didn't work. so, even s
joining us now, jared bernstein, former chief economic adviser to vice president biden, now a senior fellow on budget and policies and an msnbc contributor. jared, good to see you as always. >> great to see you and great to listen to you. >> first off, tell me, you're a smart guy, you know how to read this stuff. you've read the plans many times, you know the obama administration's policies very well, and the bush administration's, for that matter. are there major differences...
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Jul 18, 2012
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our thanks to jared bernstein for joining us here today. >> thank you. >> we will be right back. i approve this message. [romney singing]: oh beautiful, for spacious skies, for amber waves of grain, for purple mountains majesty, above the fruited plain, america, america, god shed his grace on thee, and crowned thy good, with brotherhood... until i had the shingles. i have never encountered such a burning sensation... it was like a red rash. like somebody had set a bag of hot charcoal on my neck. i had no idea it came from chickenpox. it's something you never want to encounter. for more of the inside story, visit shinglesinfo.com [ engine revving ] ♪ hey, hey, hey ♪ [ tires screech ] [ male announcer ] with fuel economy that's best in class and better acceleration than camry and accord, you'll wish you had the road to yourself. [ tires screech ] it's our most innovative altima ever. nissan. innovation that excites. ♪ >>> it is time to clear the air. who can forget this classic mitt romney moment? >> who let the dogs out? >> now a dog they say is man's best friends. but take a look
our thanks to jared bernstein for joining us here today. >> thank you. >> we will be right back. i approve this message. [romney singing]: oh beautiful, for spacious skies, for amber waves of grain, for purple mountains majesty, above the fruited plain, america, america, god shed his grace on thee, and crowned thy good, with brotherhood... until i had the shingles. i have never encountered such a burning sensation... it was like a red rash. like somebody had set a bag of hot...
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Jul 26, 2012
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jared bernstein, thank you for joining me tonight in our "off the cliff!" segment for tonight. anks, jared. >> sure. >>> coming up, mitt romney didn't go to london today to face questions about his income taxes, but brian williams was there to ask him why he's not releasing his tax returns. >>> and sometimes bill o'reilly can be, quote, so dumb it hurts. those are bill's words, not mine. and bill o'reilly is in the "rewrite" tonight. [ male announcer ] before you take it on your road trip... we take it on ours. this summer put your family in an exceptionally engineered mercedes-benz now for an exceptional price during the summer event. but hurry, this offer ends july 31st. but hurry, an intense burning sensation i woke up with this horrible rash on my right side. like somebody had set it on fire. and the doctor said, cindie, you have shingles. he said, you had chickenpox when you were a little girl... i said, yes, i did. i don't think anybody ever thinks they're going to get shingles. but it happened to me. for more of the inside story, visit shinglesinfo.com like, keep onef the
jared bernstein, thank you for joining me tonight in our "off the cliff!" segment for tonight. anks, jared. >> sure. >>> coming up, mitt romney didn't go to london today to face questions about his income taxes, but brian williams was there to ask him why he's not releasing his tax returns. >>> and sometimes bill o'reilly can be, quote, so dumb it hurts. those are bill's words, not mine. and bill o'reilly is in the "rewrite" tonight. [ male announcer...
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Jul 7, 2012
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. >> thank you, ray >> suarez: and we get a different take now from jared bernstein, senior fellow at budget and policy priorities. from 2009 to 2011, he was an economic adviser to vice- president joe biden. you heard long bond chen say that the president's-- lon chen that the president-- is in his word its remarkably devoid of reality. >> well that is the reality. it's just too small a step it is a mistake, i think, as many in the romney camp have implied today, to suggest that shower's losing jobs or the economy is in a recession. it's not. in fact, the economy left recession in gdp terms at the second half of 2009, a lot more quickly than any economists thought they would given how badly things were cratering back thenment and a lot of that has the president's policies on it. the problem is not that we are not adding jobs. the problems are twofold. one, we are not adding them quickly enough in the private sector. they are growing, but not quickly enough. as you said, 75,000 per month on average over the last quarter, over 4 million since employment began to grow and then the public
. >> thank you, ray >> suarez: and we get a different take now from jared bernstein, senior fellow at budget and policy priorities. from 2009 to 2011, he was an economic adviser to vice- president joe biden. you heard long bond chen say that the president's-- lon chen that the president-- is in his word its remarkably devoid of reality. >> well that is the reality. it's just too small a step it is a mistake, i think, as many in the romney camp have implied today, to suggest...
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Jul 6, 2012
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robert reich was the secretary during the clinton administration and jared bernstein served with vice president biden. mr. secretary, let me start with you before we get to the politics of it. explain to me the substance. what's going on? what does it mean in the big picture? >> essentially, michael, job growth has stalled. 8.2% unemployment. same as last month, but we also would see that 80,000 jobs were created in june. the average monthly job growth of the last three months has been about 75,000 jobs. a substantial decline from the job numbers we saw in january, february and march. now, it's a similar to a slowdown we have seen in previous years. the hope obviously is that we get more job growth later in the year. it's hard to make good news out of today's job numbers. >> mr. bernstein, where is it headed? i think we're aware of the statistics that since world war ii, no president's been re-elected when the rate has north of 7.4%. is it likely that 8.2% could get under 7.4% between now and november? >> absolutely not. you never know, but that is way outside anyone's forecast. the m
robert reich was the secretary during the clinton administration and jared bernstein served with vice president biden. mr. secretary, let me start with you before we get to the politics of it. explain to me the substance. what's going on? what does it mean in the big picture? >> essentially, michael, job growth has stalled. 8.2% unemployment. same as last month, but we also would see that 80,000 jobs were created in june. the average monthly job growth of the last three months has been...
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Jul 20, 2012
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doug joins us now, and jared bernstein is not sure those numbers add up. >> certainly if you're a dividendd you're looking at going from 15% to 45%, you will rethink your portfolio. we know that exacts worry about the sequester, and they will have cut backs at the for a minutes. worker wills be aware of that, they're nervous about the jobs. no one knows how much of the impending fiscal clir will show down, i have no reason to believe it might not be a little bigger, it's an norm looming threat to the economy. >> what do you think, jared? >> well, let me say i'm alarmed, but if you look at the estimates which i think are the standard by which to judge, they say that next year if we go up the fiscal cliff, the economy would grow by half a percentage point, and it would contract. i think doug's numbers are inflated. in my view, there's only one thing worse than going over the fiscal cliff, and that is kicking the can down the road. the new revenues we need to achieve, and any spending cuts we all agree also need to occur. so i think there is a balance that has to happen there. that doesn't ha
doug joins us now, and jared bernstein is not sure those numbers add up. >> certainly if you're a dividendd you're looking at going from 15% to 45%, you will rethink your portfolio. we know that exacts worry about the sequester, and they will have cut backs at the for a minutes. worker wills be aware of that, they're nervous about the jobs. no one knows how much of the impending fiscal clir will show down, i have no reason to believe it might not be a little bigger, it's an norm looming...
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Jul 9, 2012
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karen finney, jared bernstein is the former economic adviser to the vice president and msnbc contributoreterson, an associate professor, good afternoon to all of you. jared, if i can start with you. can you help us understand these 501 c4s? they're what allow corporations and billionaires to donate money with complete secrecy because the the tax code says groups like karl rove's cross roads gps are social welfare organizations. that's ridiculous, isn't it? >> it is. that social welfare becomes political war far awfully quick. quite hard to come up with these examples because you're right, the disclosure is minimal. but what examples we have are phony political ads for example. ginned up to character assassinate various people running for office. i've worked for non-profit organizations, many of which are dedicated to -- >> education. indeed. >> information on education, poverty, things like that. >> did they spend 25 million hammering a candidate? >> never in my career has anything like that happened. >> karen, the "huffington post" is now reporting that karl rove was the featured speake
karen finney, jared bernstein is the former economic adviser to the vice president and msnbc contributoreterson, an associate professor, good afternoon to all of you. jared, if i can start with you. can you help us understand these 501 c4s? they're what allow corporations and billionaires to donate money with complete secrecy because the the tax code says groups like karl rove's cross roads gps are social welfare organizations. that's ridiculous, isn't it? >> it is. that social welfare...
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Jul 2, 2012
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jared bernstein, contributor and chief economist to vice president biden. good to see you. good morning. the case for waiting until january say new congress should be able to work out a deal in 2013 in a less partisan atmosphere. and announce that the tax cuts would be retro active to january 1st. do you think that has merit? >> i think we should stipulate that the economy is weak and going forward with the tax increase is a recipe for the recession. the real question is, is there a way to get a deal and this individual of somehow letting everything sunset and doing it retro actively was floated by the omb director and that's appropriate. this is the ultimate budget gimmick. in the end, if you pretend that you are going to keep taxes low, you are playing a game that the american public is not going to appreciate. that's a dangerous way to go and dangerous from an economic point of view. i don't think markets will buy this gimmick and you run the risk of real distress late this year. it will be difficult to extend them all and move on. >> is it a risky move? how many voters
jared bernstein, contributor and chief economist to vice president biden. good to see you. good morning. the case for waiting until january say new congress should be able to work out a deal in 2013 in a less partisan atmosphere. and announce that the tax cuts would be retro active to january 1st. do you think that has merit? >> i think we should stipulate that the economy is weak and going forward with the tax increase is a recipe for the recession. the real question is, is there a way...
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. >> jared bernstein is an msnbc contributor and former chief economic adviser to joe biden.y times dhuz kind of fraudulent active have to happen before we're convinced these banks need proper regulation? >> that is a large number. that is unknown. after the great depression, the folks who were responsible for crashing the economy kind of flung away at ast for a while and it was an era of the kind of kept the system safe for decades. now what you are hearing is people after a few years of a similar kind of dynamic, let us be in charge again. that's the best way to go. we're the job creators, all of that nonsense and every time you hear about a new scandal like this, whether it's jamie dimon or in this case, the libor rate at barclays, sure enough, someone was playing with the numbers again. >> mitt romney says that in addition to reforming the president's health care, hll also repeal dodd frank. does that make any sense given what we're learning about barclays or is this the evidence that mitt romney is basically a friend of fraudulent bankers? >> it makes absolutely no sense
. >> jared bernstein is an msnbc contributor and former chief economic adviser to joe biden.y times dhuz kind of fraudulent active have to happen before we're convinced these banks need proper regulation? >> that is a large number. that is unknown. after the great depression, the folks who were responsible for crashing the economy kind of flung away at ast for a while and it was an era of the kind of kept the system safe for decades. now what you are hearing is people after a few...
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ron insana and jared bernstein who was also economic adviser to vice president joe biden. karen finney and national journal reporter chris freight. it's great to see all four of you. we strengthened the panel. to have all four of you here at one time. let's start with the fact that we heard mitt romney coming out strong saying this is a kick in the gut. when we look at the numbers, there is no way to slice it with the figures staying at 8.2%. when you look at that, we have the first half of the year is over. where do you see the second six months going? >> the expectation is that the second six months are going to be a little bit better, but not by much. if you think about what's puing downward pressure on the growth, there is lots of squabbling in congress. you will hear the president refer to that and there is head winds from europe. a few things and low gas prices and the housing market may not be doing better, but it's not getting worse. most forecasts are for a continued slog and where people put the unemployment rate, the most optimistic is slightly below 8%. most ar
ron insana and jared bernstein who was also economic adviser to vice president joe biden. karen finney and national journal reporter chris freight. it's great to see all four of you. we strengthened the panel. to have all four of you here at one time. let's start with the fact that we heard mitt romney coming out strong saying this is a kick in the gut. when we look at the numbers, there is no way to slice it with the figures staying at 8.2%. when you look at that, we have the first half of the...
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Jul 9, 2012
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jared bernstein and art laffer. we'll come back for more later on. i need 30 seconds each. you heard governor tim pawlenty. >> we'll have a great fight over the investor stuff. for now, everybody. governor pawlenty, you, me, everyone agrees we should extend the tax cuts for the middle class. just do it. >> art, what's your quick response to what governor pawlenty should say? >> i don't think we should raise taxes on any group. this is a tax increase not a cut. why you should single out one group of people and raise their taxes makes no sense especially when you realize it can't pass and it will have virtually no effect on the deficit: what's going on here? more corn pone politicking. >> we'll have more detailed discussion. let me go back to governor tim pawlenty. you know there's been a lot of information from conservatives. they are saying the romney campaign is relying on the anemic economy and the high unemployment rate. the campaign doesn't have a growth message for voter, middle class, otherwise. can uh you tell me what are the key bullets of economic growth from the r
jared bernstein and art laffer. we'll come back for more later on. i need 30 seconds each. you heard governor tim pawlenty. >> we'll have a great fight over the investor stuff. for now, everybody. governor pawlenty, you, me, everyone agrees we should extend the tax cuts for the middle class. just do it. >> art, what's your quick response to what governor pawlenty should say? >> i don't think we should raise taxes on any group. this is a tax increase not a cut. why you should...
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right now i'm joined by jared bernstein. former economic policy adviser to vice president biden.tando, former employment counselor who's now been out o work himself for 18 months. and john phillis, own ore of a small business, a diner here in new york called the lexington candy shop,
right now i'm joined by jared bernstein. former economic policy adviser to vice president biden.tando, former employment counselor who's now been out o work himself for 18 months. and john phillis, own ore of a small business, a diner here in new york called the lexington candy shop,
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and jared bernstein is on all the time. i need somebody. >> you've got it. >> he need as wing man. this is why i'm here. you need a wing man. >> you can't have him on by himself. >> thank you, steve. coming up an economic shocker stops stocks, oh stomping on friday's monster rally u.s. manufacturing drops into contraction territory, another sign of a summer stall. our market pros are next. coming later, iran threatens to wipe israel off the face of the earth if attacked. this coming on the day europe begins enforcing an oil embargo and harsh sanctions. what's it mean for the price of oil? free market capitalism is the best path to prosperity and the most moral economic system. "the kudlow report" will be back. ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 you know what? ttd#: 1-800-345-2550 you can't create a retirement plan based on ttd#: 1-800-345-2550 a predetermined scrip
and jared bernstein is on all the time. i need somebody. >> you've got it. >> he need as wing man. this is why i'm here. you need a wing man. >> you can't have him on by himself. >> thank you, steve. coming up an economic shocker stops stocks, oh stomping on friday's monster rally u.s. manufacturing drops into contraction territory, another sign of a summer stall. our market pros are next. coming later, iran threatens to wipe israel off the face of the earth if attacked....
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joining me now is jared bernstein, msnbc contributor and former chief economist for vice president joeght. >> thank you, sir. >> tell me, did the gop think getting those got lost in the mail? why aren't they thanking the president for gas prices going down? reverend al, welcome to what i call the apg syndrome. asymmetrical politics of gas. you get blamed on the way up and you don't get credit on the way down. now interestingly you haven't heard the president going out and saying i want credit for lower gas prices because he was telling the truth when they were going up. these prices are set in world markets. they are not set by him. they are not set here. they are set in global markets. it is as global a commodity as we have. but you are absolutely right. all those clips were extremely revealing if you are going to attack the guy on the way up, and -- if it was than for the apg syndrome you should be giving them credit on the way down. >> you said that this is -- a lot of the pricing is determined by the global markets. but the republicans said when they were attacking the president in
joining me now is jared bernstein, msnbc contributor and former chief economist for vice president joeght. >> thank you, sir. >> tell me, did the gop think getting those got lost in the mail? why aren't they thanking the president for gas prices going down? reverend al, welcome to what i call the apg syndrome. asymmetrical politics of gas. you get blamed on the way up and you don't get credit on the way down. now interestingly you haven't heard the president going out and saying i...
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. >> well, let's start with the two best economic minds that we know, jared bernstein and peter morici. and peter, i'll give the first question to you. you know, we have the statistics here that kind of speak for themselves. but for the first three months of this year, we were averaging 226,000 jobs created a month. the last three months, 75,000. what's happened here? >> well, the economy certainly is slowing down. the impact of europe, conditions in asia, and the fact that we really haven't fixed the structural problems that broke the economy in the first place, you know, the stimulus has worn off, and unless we start to do a better job on things we've talked about in the past here like trade, the banks, health care, energy policy, we're not going to have that kind of self-sustaining growth tt will give us the middle class that president obama speaks. >> jared, i want to go to you and focus on one particular aspect of this. obviously, there's a lot involved when you get a report like this, but there's something that jumps out at me and i think about every month when we get bad news li
. >> well, let's start with the two best economic minds that we know, jared bernstein and peter morici. and peter, i'll give the first question to you. you know, we have the statistics here that kind of speak for themselves. but for the first three months of this year, we were averaging 226,000 jobs created a month. the last three months, 75,000. what's happened here? >> well, the economy certainly is slowing down. the impact of europe, conditions in asia, and the fact that we...
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. >> robert traynham, jared bernstein, luke russert, kristen welker, stand by.ke the announcement on the extension partially of the bush era tax cuts. we'll be right back. rk state. we built the first railway and the first trade route to the west. we built the tallest skyscrapers, the greatest empires. we pushed the country forward. then, some said, we lost our edge. we couldn't match the pace of the new business world. well today, there's a new new york state. one that's working to attract businesses and create jobs. build energy highways and high-tech centers. nurture start-ups and small businesses. reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. idide? you're not my dad ahh!! hey honey, back feels better, little dancing tonight, you and me? dr. scholl's pro inserts relieve different types of lower body pain by treating at the source
. >> robert traynham, jared bernstein, luke russert, kristen welker, stand by.ke the announcement on the extension partially of the bush era tax cuts. we'll be right back. rk state. we built the first railway and the first trade route to the west. we built the tallest skyscrapers, the greatest empires. we pushed the country forward. then, some said, we lost our edge. we couldn't match the pace of the new business world. well today, there's a new new york state. one that's working to...
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Jul 30, 2012
07/12
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on the other hand, as jared bernstein in the center on budget and policy who is more bullish on gm. >i was on the auto task force. >> they got -- have they gotten their money's worth now that gm is down as much as it is? >> i think you have to look beyond today's share price which, as you suggest, is down. so is ford's. they didn't take a bailout. i think you have to look at the employment probe. this is a sector that two-thirds of which would have liquidated back in 2009. the private capital simply wasn't there. if the government hadn't come in the way we did, you really would have been melting down the factories. since then, the turnaround yielded big increases in sales, over 100,000 jobs since we started adding employment. 7,000 last month which, as you recall, wasn't great jobs month. absent the rescue, no more auto industry. >> diana disagrees. she is shaking her head. >> could have added more if it had gone through a normal bankruptcy procedures. here the government wasted about on $23 billion. about $23 billion under. and what it did was bail out the united autoworkers health a
on the other hand, as jared bernstein in the center on budget and policy who is more bullish on gm. >i was on the auto task force. >> they got -- have they gotten their money's worth now that gm is down as much as it is? >> i think you have to look beyond today's share price which, as you suggest, is down. so is ford's. they didn't take a bailout. i think you have to look at the employment probe. this is a sector that two-thirds of which would have liquidated back in 2009. the...
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Jul 9, 2012
07/12
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joining us is jared bernstein, a senior fellow and also a cnbc contributor and governor scott walker this morning. gentlemen, jared, good to see you. what do you make of the unemployment number and the employment report we saw on friday with the -- what many would say not strong enough job growth in the united states? >> i would agree with that. many of us were looking to see if the number of june confirm what is looks like a down shift in the growth rate of jobs for the prior two months. i think that two most important numbers are following. 225,000, that's average job growth per month in the first quarter of last year. 75,000, that's average job growth in the second quarter. so, you know, you just gave a very compelling if not depressing list of the factors, the headwinds pushing back against the economy right now. >> that to the problem is europe? why aren't we seeing job creation at this point? >> you it's obvious and almost unmentionable, the fact that you can't forget this is a 70% consumption economy. if consumers are hard pressed because of a persistently weak job market, you
joining us is jared bernstein, a senior fellow and also a cnbc contributor and governor scott walker this morning. gentlemen, jared, good to see you. what do you make of the unemployment number and the employment report we saw on friday with the -- what many would say not strong enough job growth in the united states? >> i would agree with that. many of us were looking to see if the number of june confirm what is looks like a down shift in the growth rate of jobs for the prior two months....
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Jul 7, 2012
07/12
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right now i'm joined by jared bernstein. former economic policy adviser to vice president biden. joseph sanglatando, former employment counselor who's now been out of work himself for 18 months. and john phillis, own ore of a small business, a diner here in new york called the lexington candy shop, great place. president obama and mitt romney continued their sparg over the last jobs numbers. private sector added 84,000 jobs in jeune while the public sector lost jobs. slightly lower than expectations. the unemployment rate remains unchanged at 8.2% and the num r numbers are familiar and frustrated. in ohio yesterday president obama looked at the numbers and the context in the last two years. >> we looked at the numbers and the businesses have created 84,000 jobs in the last month they've created 4.4 million jobs in the last 28 months include 5g 00,000 new manufacturing jobs. that's a step in the right direction. that's a step in the right direction b [ applause ] >> but we can't be satisfied because our goal was never to just keep on working to get back to where we were back in 20
right now i'm joined by jared bernstein. former economic policy adviser to vice president biden. joseph sanglatando, former employment counselor who's now been out of work himself for 18 months. and john phillis, own ore of a small business, a diner here in new york called the lexington candy shop, great place. president obama and mitt romney continued their sparg over the last jobs numbers. private sector added 84,000 jobs in jeune while the public sector lost jobs. slightly lower than...
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Jul 7, 2012
07/12
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alisyn: by the way, one of the people, the top economist in the administration at the time was jared bernsteinir projections are flawed. they use incomplete data. they didn't realize he says that the economy was constricting at the rate that it was. and now, what he says, is that there is no way in 2012 that it will go below 8%. >> dave: didn't realize the stimulus would work. that's another interpretation. coming up next on the run down, one year after the jury found casey anthony not guilty of killing 2-year-old cailee, her lawyer, jose baez now coming clean about the case who he thinks killed cailee and what question does he still need answered yet? >> alisyn: debate so heated lawmaker pulls out a gun on live television. we will show you what happened. ♪ ♪ how are things on the west coast? ♪ ♪ i hear you... ♪ rocky mountain high ♪ rocky, rocky mountain high ♪ ♪ all my exes live in texas ♪ ♪ born on the bayou [ female announcer ] the perfect song for everywhere can be downloaded almost anywhere. ♪ i'm back, back in the new york groove ♪ [ male announcer ] the nation's largest 4g network. cov
alisyn: by the way, one of the people, the top economist in the administration at the time was jared bernsteinir projections are flawed. they use incomplete data. they didn't realize he says that the economy was constricting at the rate that it was. and now, what he says, is that there is no way in 2012 that it will go below 8%. >> dave: didn't realize the stimulus would work. that's another interpretation. coming up next on the run down, one year after the jury found casey anthony not...