let's turn now to cnbc contributors jared bernstein and robert costa. welcome, gentlemen.ou're running a story at the top of the "national review" online website. and you're basically saying that boehner is going to come back, at least that's what i heard, that boehner's going to come back with a counteroffer. but it was senator ted cruz who really got the conservatives in the house to push boehner in that direction. is that true and what happened? >> the ted cruz talk-a-thon has changed the dynamics among republicans on capitol hill. instead of trying to pass a so-called clean c.r. and fund the government over the weekend they want to fight until the 11th hour and attach a one-year delay of the individual mandate to a c.r. >> i think personally -- i think with joe manchin coming over and supporting that, you need four more votes. i think that's a possibility. and i think that should be the gop position for a lot of reasons. some are political. some are just the glitches in the program. and some is that the individual mandate is at the heart of obama care. why not go there

let's get it done. >> crystal ball, jared bernstein, steve latourette. thank you. >> breaking news from "the new york times" on the navy yard shooter and how he was stopped from buying an ar-15 assault rifle just days before he killed 12 people. and what you didn't know about the obama re-election campaign. richard wolf knows it all heft -- all. he will join me to reveal secrets from behind the campaign. ask about the air optix® contacts so breathable they're approved for up to 30 nights of continuous wear. serious eye problems may occur. ask your doctor and visit airoptix.com for safety information and a free one-month trial. >>> first lady michelle obama is expanding her lets move health initiative with one little addition. easy to do. drink more water. which, of course, like all healthy things michelle obama pro poses is an absolute outrage to rush limbaugh. the first lady's drink up program its what they're calling it, drink up program, encourages people to drink just one more glass of water a day. very, very good advice. for rush limbaugh. he doesn'

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joining me now are melissa harris-perry and jared bernstein. thanks for being here. >> absolutely. >> thank you. >> jared, put in context how far we've come since this country was teetering on the edge of a great depression five years ago. >> yeah, that's actually pretty easy for me because i was there working for the administration when we went into the white house and looking in our rearview mirror, we saw that 8% decline in gdp. you know, in the first quarter that obama was in office, we lost over 2 million jobs. so the president very quickly got to work with the recovery act and the federal reserve also putty pedal to the metal. since then, of course, we've added millions of jobs. the gdp has been growing since the second half of 2009. but you're right in your introduction. much of that growth has done an end run around middle and lower income people. they're certainly work morgue than they did before. much of their wealth, by the way, has come back as housing prices have recovered. but remember, a lot of people lost their homes then, too. s

here is former chief economies jared bernstein and jim from the american enterprise institute. both cnbc contributors. jared, you must love this. >> i don't love this. particularly with the debt ceiling, the economy remains too fragile. we've had 100 bases point spike in the last two months. once you start screwing around with the debt ceiling more so than the continuing resolution, you're really talking about taking aim at an economy that's trying to recover. so i like nothing about this. i will say one thing, it is not totally clear to me that the way out of this means resolving the republican family squabbles. the way out of this is for john boehner to increase the debt ceiling with a bunch of democrats. i'm not saying you can swallow that. >> there's not going to be a clean bill. there might be a clean cr, maybe. there's not going to be a clean debt bill. jim, the reason i thought jared might like this is this is all republican fighting. >> i do like that part. >> i figured you would. jimmy, i think if the gop is not careful, they'll get themselves into a lot of hot water. >

jared bernstein, phillip rucker, and matt welch. th you, jared, because i read something you wrote i think it was last week. you write a lot. but you wrote -- >> i write the same thing a lot of times. >> you basically talked about the fact that what we are seeing now are chickens coming home to roost in a nasty, dirty seeds of gerrymandering that were, you know, sewn over the past 20 years, that's what we're reaping right now. expand on that. >> well, this is key to my study of dysfunctionology. which i encourage all of us to really dig into. because we've got to get to the bottom of why politics are so dysfunctional. it's really not a partisan call at all. one of the reasons is gerrymandering. when districts are so safe for their members the leadership has far less control. one of the reasons why john boehner looks like such a feckless leader right now because of so many members in gerrymandered districts. you have to peel the onion back further and ask why so much gerrymandering? one of the reasons appears to be that courts are not

jared bernstein, you know, as we start to look forward to october 17th and this next big fight, thiske a picnic compared to that next brawl, which is going to be like a picnic with fire ants all over the blanket. >> yeah. i'm not exactly looking forward to october 17th. but it is out there. we've all said and everyone who has come on your show have said that the much greater threat to the economy is, by the way, even threatening to default on your sovereign debt. last time we nudged up to the precipice of the debt ceiling analysts figured that it really did, just that alone, added some basis points to treasury yields and other interest rates that are connected to that. so i think as others have suggested, one very important question, since i believe there will be a shutdown, does a shutdown make a debt ceiling breach more likely or less likely? there are two schools of thought on that. one school says basically the radicals will have gotten their jollies off with the shutdown and they won't need to repeat that with the debt ceiling. i don't really subscribe to that. i do think, howev

joining me now is jared bernstein. joining me. >> thank you for inviting me. >> so, you know, jared you have been talking about this quite a bit this week and it used to be that really everybody kind of shared in the pain, like when you think about the iraq war, when you think about world war ii, everybody kind of shared in the pain of that war. and now, you see, you know, the rich getting richer. the middle class and low-income people really taking the hit. >> i think you raise an important point because folks may not realize because the statistics go a long ways back, you said something about 20% of the national income accrued to the top 1%. going back 30 years, it was half of that and if i donyou look at income gains were distributed, say mid-40s to mid-'70s, just about every income group doubled and not just that folks were getting ahead but very similar rates across the income scale and, of course, that's very different today. >> so, the republican plans aside from cutting all kinds of great programs that help peop

jared, many thanks for those insights, jared bernstein.n, i think it's time for me to go back to asia. >> you weren't too far on your cruises. the last tom cruise was pretty much near the end of the year and they had to close him. >> oh, my goodness. you know, i'm only good for a week longer. >>> which exchange is winning the battle for twitter's ipo? we'll explain when we come back. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ building animatronics is all about getting things to work together. the timing, the actions, the reactions. everything has to synch up. my expenses are no different. receiptmatch on the business gold rewards card synchronizes your business expenses. just shoot your business card receipts and they're autom

joining me live now is jared bernstein a senior fellow at the senior on budget and policy priorities. take a look at the numbers here. good news and bad news from the numbers. first of all, people say 7.3%, that seems to, but the reality is a lot of folks have stopped looking for work, correct? there are two reasons why the unemployment rate can come down. one is because we added more jobs. that's a good thing. the other is because fewer people were looking for jobs. they dropped out of the labor force. in a sense, that artificially lowers the unemployment rate and that is what happened in august. tick down from 7.4 to 7.3% is not good news in that sense. it's a symbol of a continuing weakness in labor demand in the job market. the number on the payroll not the click we need to really get that unemployment rate down for good reasons, not for people leaving the job market. >> josh, you contend that the p uptick. it my be something else? one thing the market is looking for this fall is when the federal reserve is going to start backing off the bond purchases it's been doing that bring d

bring in former senator kay bailey hutchison who disagrees with senator warren's view and also jared bernsteinnomic adviser. senator hutchison, whether you agree or disagree, you've been in the seat, it seems rather odd for a sitting senator to launch an assault, really what that was, on the supreme court of the united states. >> it really is. it's a new front to take on the supreme court in such a personal way. you can disagree with what the supreme court has ordered, but to say all of a sudden they're bought and paid for by big business is really irresponsible because this is a supreme court that affirmed a good part of obama care. i mean, my goodness, that's not pro-corporate america. and people who disagreed in the senate, of which i was certainly one, didn't assail the supreme court. we just said we respectfully disagree with that conclusion, which is the way it's supposed to be, i think, in a respectful way. >> right, jaered, it is rather interesting when you have senator warren calling the supreme court too conservative when you have the chief justice of the united states, john roberts,

. >> fascinating look inside with these new numbers out, jared bernstein, always great to have you onjoy your weekend. >> thank you. >>> another pick, a dad donning daisy dukes to teach his daughter a lesson. there he is in his best dad ever t-shirt. check him out, he's in utah. he was fed up with his daughter wearing the short shorts so he decided to make his own pair to make a point. jeans and some scissors resulted in this gem of a portrait. his wife took the pictures, but it was actually his kids that put the picks up online and that is where the best dad ever went viral. today's producer's pick is also the topic of our question of the day. does shame parenting work? let's hear from you. weigh in on facebook or tweet me pictures of you in your sexy jean shorts. no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nati

and msnbc contributor, jared bernste bernstein, who is, of course, from the center on budget and policy and former adviser to the vice president. jared, if i might begin with you, did it not strike you that when the president was speaking, it was obvious that he had learned a hard lesson from 2011 when he involved himself in a negotiation with speaker boehner that went nowhere, and when republicans caused the credit rating of this nation to be downgraded, the aggression in his voice today seemed to me to suggest that he has had it. that these kind of discussions are so self-injurious to the american economy, he's not even prepared to have a conversation about it anymore. >> yes, i heard that as well. and i thought it was extremely important. because if the president or any president were to negotiate with republicans or, for that matter, i thought the president made a good example when he turn it around the other way. you could be negotiating with a future group of renegade democrats. if you engage in that type of negotiation, you are essentially training the congress to create these ho

>> jared bernstein, thanks for being here. >> you too. >>> 12 years after september 11th.day by serving their fellow americans. we will be right back. [announcer] there's no hiding the goodness of the latest from beneful baked delights. new heartfuls are made with real bacon... ...and oven-baked to crisp perfection. new heartfuls from beneful baked delights. . ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] >>> as we mark 12 years since september 11th, victims and family members of victims are encouraging people to mark the day by making it a national day of service. i'm joined now by david payne who first came up with this idea and jay winnik whose brother glenn was killed in the line of duty at the world trade center. thank you both for being here this morning. >> good morning. >> david, how did you first come up with this idea and wh

. >> jared reid, and tara bernstein, thank you for joining us. >> thank you. >> why john boehner has of the most difficult and certainly the most ridiculous job in washington. and who's running, really running the republican party. some suggest it is not anyone in elective office. and in the "rewrite" an homage of sorts to bill o'reilly as we inaugurate "pin heads and white house correspondents" tweet me your guesses which white house correspondent might be tonight's pinhead. that's coming up. [ female announcer ] what's hot now? it's covergirl's max volume flamed out mascara. new max volume wire brush sweeps lashes up and out for bigger, longer, 3x the volume. new max volume flamed out mascara from easy breezy beautiful covergirl. yeah? then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. silence. are you in good hands? ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking be

. >> jared reid, and tara bernstein, thank you for joining us. >> thank you. >> why john boehner has of the most difficult and certainly the most ridiculous job in washington. and who's running, really running the republican party. some suggest it is not anyone in elective office. and in the "rewrite" an homage of sorts to bill o'reilly as we inaugurate "pin heads and white house correspondents" tweet me your guesses which white house correspondent might be tonight's pinhead. that's coming up. , but you had to leave right now, would you go? man: 'oh i can't go tonight' woman: 'i can't.' hero : that's what expedia asked me. host: book the flight but you have to go right now. hero: (laughs) and i just go? this is for real right? this is for real? i always said one day i'd go to china, just never thought it'd be today. anncr: we're giving away a trip every day. download the expedia app and your next trip could be on us. expedia, find yours. a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning