our panel is going to be back, jared bernstein, doug holtz-eakin and larry holler.arry kudlow. we're going to stay right here. we're watching the senate take its final vote of reforms. you have to reset. that's one of the things you have to do on tv and radio. i wanto

what this plan will do is make the insurance you have work better for you. >> and jared bernstein, inhat extra sentence there its the clue that there is something more here than the simple aspect of if you already like your plan or if you have insurance nothing is going to change for you. you always knew, on the policy seed of it. i always knew, knowing as much about the approximately spolicy were going to change for a lot who had plans already. >> right. exactly as jay carney said -- the plan back in 2010, actually did grandfather insurance coverage that didn't necessarily meet the consumer protections that are so important in affordable care act. but if those plans changed, such that they no longer are at all in sync with exactly what the president was saying there, with improvements in coverage. then of course, they can't be supported under health care reform. it as if i offered you and zerlina an opportunity to sign up for jared care. here's how jared care works. you pay me $1 a month. if you get sick i give you a band-aid. get really sick, i will give you a bowl of chicken soup.

back to you, mandy. >> up next, jared bernstein on the other side of the break. the american dream is of a better future, 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. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ >>> let's bring in jared bernstein on the phone. i'm going to skew with the titles and get right to it. what do you make of what's happening? have we taken two steps back? >> yes, at least two steps. remember yesterday i was talking to the two of you and i suggested this is all up to john boehner. if he wanted to bring a clean senate bill to the floor, we'd be done with this by now. he didn't. there are obvious reasons why he didn'tment want to do that. certainly his caucus is pushing back hard against him. he couldn't have gotten the senate vote across the legislative goal line without a bunch of democrats. as long as he doesn't want to do that, we're numer

let's get reaction from cnbc political contributors jared bernstein. he is a senior fellow at the budget priorities. and robert costa is still with us. jim and pete, what did you hear from ms. jenkins? >> about this negotiation, what are they continuing to negotiate? the republican party's capitulation? because it sounds like they capitulated on the debt ceiling, they got scared by that there are all these terrible reports from wall street. and of course the market goes up when it looks like there won't be a debt ceiling crisis. so that's sort of off the table. now they're talking about the cr. now they're negotiating about getting the -- how fast can we get that government become open? people at home are hurting. listen, if they were going to play hardball on this, what they would do is say listen, that's our offer. they would go back. they would pass that offer and see if the democrats and president obama wanted to risk a debt crisis over 18% of the government being shut down. it doesn't sound to me like that's what they're going to do. >> the thing

. >> joining us now is jared bernstein, who of course is senior fellow at the center on budget and policys have repeatedly claimed that the affordable care act will damage the economy. can you tell us what the government shutdown has actually done to damage economic output? >> it has damaged the economy. i have heard, i think it was earlier on your show, you were talking about the $24 billion in output lost from the 16 or so day shutdown. that translates into something like a half percent of gdp. as you and i have discussed many times on this show, this is an economy that's already fragile and not growing quickly enough, so why you'd want to throw another self-inflicted wound like that, well, i guess you'd have to ask the folks who actually did it. and conversely, when you talk about the affordable care act, the evidence is quite to the contrary. we've actually seen -- not to say that it hasn't been a glitchy rollout, of course it has, but we've already seen evidence that the affordable care act is lowering the cost of health care delivery in meaningful ways that will ultimately help the

jared bernstein.nd of pressure could you imagine being brought to ted cruz and mike lee who are the likely possibilities for some kind of filibuster. because as mark says, as you know, the senate scan do anything really fast if they can just get that phrase unanimous consent in there. >> true. >> right. we don't typically think of senate and fast in the same sentence. that's exactly what has to happen tomorrow. i'm not sure what pressure can beep brought to bear. they seemed impervious to pressure from traditional republican pressure points like the business community or financial markets. in the senate. they haven't been mucking up the process, as they were early. they will go outside. cause trouble. you've spoke earlier about cruz going to the house. that's where things are particularly worrisome. once things get out of the senate. we are not done. at that point, the only way this happens quickly is if john boehner decide to to let the people's house express the, the will of the people. and put that

joining me on set, jared bernstein. jim pethokoukis, a cnbc contributor. john bernstein, let me go to you first. i never like to say presidents lie. i like to say they're examples of huge cognitive dissonance, okay? they knew 65% would be cancelled, other parties say they thought 80% would be cancelled. that jives with our consultants that told us as many as 14 million to 16 million people will lose their insurance. why doesn't the president fess up to that? >> i have a hard time wrapping my head around those numbers. we know 85% of americans have health insurance right now. we're talking about 255 million people will health insurance. if you're talking about 10 million or 14 million who have plans that don't measure up to the standards of obama care, these plans do have to meet a certain level of care -- >> but it's a change. you have to change your insurance. >> he looked straight in the cam, i don't know how many times this has been played over and over again, if you like your insurance plan, you can keep it, if you like your doctor, you can keep it. >>

we'll break that dwoun jared bernstein who joins me next. >>> the jobs report for september delivered late because of the government shutdown. the labor department is saying that employers added 148,000 jobs, worse than expected. unemployment fell to 7.2%. house speaker john boehner used the report to take a spot at obama care. at the higher costs and rising premiums of obama care on top of disappointing jobs numbers and underwhelming wage growth and you have a recipe for economic stagnation. republicans are going to continue to work to stop the president's health care law. joining me now is jared bernstein, former chief economist and economic policy adviser to vice president joe biden. jared, good to have you here. so the data that was gathered before the shutdown, so these numbers aren't exactly affected by it, correct? >> yep, that's right. >> just the delay in getting them to us. >> that's right. it's weird for you and i to be talking about this on a tuesday but that's yet another -- >> ripple effect. >> another result of the shutdown. importantly, these data are not directly affe

joining me for more is jared bernstein, msnbc contributor, senior fellow on the center for budget andf adviser. thanks for being here this morning. >> my pleasure. >> government spending represents 40% of gdp. depending how long this continues, how much of a hit should we expect the market to take? >> to be clear. that's probably government at all levels. federal spending is closer to 20. this is going to be a hit on the markets largely as a function of the debt ceiling as you mentioned. the shutdown doesn't help by any stretch of the imagination. the underlying economy is still too fragile. we have an unemployment rate. remember that? that's out there somewhere. that's about 7%. you're furloughing 800,000 workers without pay. now, in the past that pay has been retroactive but we don't know that yet. i think vis-a-vis the broader economy, even global economy, the question is does the shutdown make a default on our public debt less likely or more likely. there's two sides to the story. we can get into it if we like. that's the big economic question now. >> jared, during the 21-day shut

joy reid and jared bernstein, thank you much. >>> how does one negotiate with a caucus that wants toverything burn? we'll ask a member of the congress straight ahead. stay with us. ♪ [ male announcer ] maybe you've already heard what they're saying about the nissan altima. ♪ and we have to admit, that it's all true. but don't just take their word for it, check it out for yourself. the award-winning nissan altima. nissan. innovation that excites. now get a $179 per month lease on a 2013 nissan altima. ♪ humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. call... and ask an insurance expert about all our benefits today, like our 24/7 support and service, because at liberty mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. plus, you could save hundreds when you switch,

josh barrow, jared bernstein, i wish we had more time. we don't. but thank you.we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. gives you a long-lasting fresh breath feeling. so you have the courage to jump in... go in for the hug... or make sparks fly. for a fresh breath feeling that lasts up to 5x longer, get scope outlast. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unit

dana milbank and jared bernstein, thank you to both.nd before the president spoke today, he gave the floor to one of the health exchange's first enrollees, who was not shy about the pros and cons of her experience. >> i have the privilege to say that i'm the first person in the state of delaware to enroll for health insurance through the new marketplace. like many -- like many consumers out there, it took me a number of frustrating attempts before i could apply for and select my plan. >> and i'm delighted to say that janice baker joins us now from the white house. good afternoon, mrs. baker. >> good afternoon, martin. >> >> it's a great privilege for us to have you with us. as i understand it, you spent something like seven hours on the phone and on your computer trying to sign up. now, what was the problem for you personally? >> i started applying online right on october 1st. knowing that there would be glitches, knowing that there would be hold-ups. but i kept on trying. and i was unable to enroll oh because i could not get past the f

ben white, political correspondent with politico, joined by jared bernstein.h are esteemed cnbc contributors. good to see you both. thanks for joining us. ben, let's talk first about your column. how is washington killing the economy? >> marie, yeah let us count the ways. >> yeah, let us count the ways. >> i agree with john, it's less likely we have a shutdown and debt ceiling crisis but it's not clear how we get to a deal on funding the government. and then you've got the sequester spending cuts probably stay in. that's bringing growth down 1 .5%, where it would be more beneficial to the economy to do longer term deficit reductions and then you have stuff not getting.com done, immigration reform, corporate tax reform. i'd say washington haven't quite killed the economy but it's worse than it should be. >> what's your reaction? >> i yield to no one in arguing, yes, ben is 100% right. of course, congress has been extremely destructive to the economy, whether it's fiscal drag or uncertainty lurching from crisis to crisis. that said, once you take the bar down re

jackie pata, thank you for joining us, jared bernstein, rick newman, lisa cook, elahe izadi.nited, the sequel. how the court may make an even bigger mess of our political process. ♪ [ male announcer ] riley is always there to give a hand with the groceries. ♪ that's real love. and so is giving him real tasty food. introducing new woof delights from iams. some wet food has gluten and artificial flavors. iams has real meat and eggs in our tasty chunks. ♪ now that's real love and so is giving a hand with the dishes. keep love strong with new iams woof delights. >>> despite the government shutdown, the supreme court came back to work this week to hear arguments in several cases, including a really important one. mccutchen versus the federal commissioner. the finance watchdogs could reenforce the fear that an elite few hold the power in politics. this challenges the constitutionality of the aggregate contribution limits created by the fec. those limits dictate exactly how much money an individual can donate overall to candidates and certain political committees. the public policy

joining me now, jared bernstein, senior fellow at the center on budget and policy priorities and mariaeresa khumar. thank you for joining me. >> you're welcome. >> starting with you, jared, we are coming up to the next round and, again, we are going to hear the same rhetoric from the conservatives. deficit reduction and, of course, yet again, they will not take into account the fact that where we are now in 2013 is not where we were in 2009. the president actually has made substantial progress on deficit reduction. he had -- health care costs are going down. we can have a different kind of conversation than the paul ryan budget could portend but, no. we'll hear the same rhetoric it seems. >> yeah. i agree with everything you just said except for health care costs are rising more slowly and not going down. we are generating savings there. look. when we're having this argument on this turf it is on conservative or republican turf. in the following sense. these guys love to govern by crisis so first it was the crisis of obama care. that was a loser for them. guess what? now it's back to t

jared bernstein is the former chief economist and chick adviser to vice president joe biden. jared, it's good to have you here. as we talk about the debt ceiling debate and that's just paying the bills, there are what we've spent, what the government has racked up, and we've gone through this process before. i mean we got downgraded because we took it to the line too far and we allowed people to believe that we were going to be slow pay, no pay. >> yeah. well, first of all, you took away my opening line, which is -- that's okay, because it bears repeating. you very correctly identified something extremely important that the speaker just blew by. raising the debt ceiling means borrowing for spending that has already incurred. okay, let's get that straight. these are spending bills that the congress, including speaker boehner, has already signed. these expenditures are already on the books. so for him to say i'm not going to allow the government to raise the money it needs to meet its spending problem is exactly like a diner who just finished eating in a restaurant saying i'm no

we'll break that dwoun jared bernstein who joins me next. >>> the jobs report for september delivered late because of the government shutdown. the labor department is saying that employers added 148,000 jobs, worse than expected. unemployment fell to 7.2%. house speaker john boehner used the report to take a spot at obama care. at the higher costs and rising premiums of obama care on top of disappointing jobs numbers and to plaoflming wage growth and how many people work here? well, you clearly can't find out the number of unemployed if you're talking to work places. for that you have to do a household of surveys and that's where the unemployment information comes from. that also showed a bit of job growth and that took the unemployment rate down a tick. but i think the important thing is not only is job growth low, but it's desell rating. and that's a symptom not of obama care. all of that is nonsense. by the way, there were so many misleading statistics from the republican congressman you just interviewed about the premiums. premium costs always go up. the question is are they going

. >> let's bring in msnbc condition tributor and former biden chief economist jared bernstein. >> goodou. this business does not like crisis. it does not like uncertainy and when we look at this short-term deal it looks like we've set up yet another double whammy. we've got the two deadlines january 15th and february 7th. >> so you certainly aren't going tobacco one of those folks who is banking in the sun light of the khum bia on capitol hill last night. >> take us through it, my friend. take us through it. >> i agree with you wholeheartedly. i thought nancy pelosi, by the way, just said it perfectly. if we were with an economy that was at 5% unemployment and humming along at 3% gdp growth, you know, in the heart of a strong recovery this would still be very bad, but it wouldn't be as bad as it is with an economy that is still trying to break out of the kind of doldrums that we've never quite left behind us from the great recession. so if we really shave half a point or so off of gdp growth this quarter, that means we are still trucking along at below trend growth and that's not going

jared bernstein, ron insana. we'll continue to watch as we expect some movement this hour. >>> former governor will richardson knows a thing or two about swimming in shark-infested waters. can his rules of engagement apply to what we're seeing in washington right now? we'll talk to him about the lessons that he has learned that he's sharing with all of us in his new bok. >>> countdown to 2016. is hillary clinton already taking political jabs at vice president joe biden. for seeing your business in a whole new way. for seeing what cash is coming in and going out... so you can understand every angle of your cash flow- last week, this month, and even next year. for seeing your business's cash flow like never before, introducing cash flow insight powered by pnc cfo. a suite of online tools that lets you turn insight into action. your husband left his cell phone on. and you're not necessarily proud of that. but tonight, he made the pizza. ...with johnsonville italian sausage. the premium cuts of pork and perfect blend

nbc political analyst michael eric dyson, and msnbc contributor jared bernstein, senior fellow at theenter on budget and policy priorities and former aide to vice president joe biden. we just learned that treasury secretary jack lew will be at the white house meeting. how much confidence can we have that at this point republicans are actually starting to make a little bit of sense? >> well, confidence is kind of an iffy word right now to talk about ifs and buts. it's really very unpredictable. but it is looking better than it was yesterday at this time. and i think what you're seeing here is the beginning of some cracks in the republican unity. they're looking at dismal poll numbers. they're hearing it from the business community, and they're realizing -- even the tea party folks are realizing this is not going to be going their way. it's not exactly clear how they fold and how they do it in the most elegant way and the most face-saving way. but certainly the debt limit is the easiest piece of them to give up on. and it sounds like more concessions will follow. >> so professor dyson,

. >> jared bernstein, former chief economist to vice president biden.ntly a senior fellow at the center on budget and policy priorities and tony fratto, currently a managing director. both are cnbc contributors. and i'm going to tread a little lightly. i used to think, you know, i could count on tony as a pirates fan and as a steeler fan. have uh you switched totally to the patriots? i don't know you anymore. >> you know a lot about me. >> go tom brady, where are we? >> you know a lot. yeah, i was in that crowd the other night. i was thinking about you, and i would love to watch it with you. i know you love that spirit. >> can i tell -- >> i thought about you. and you know what, seriously, i'm glad the pirates are gone. we lost four straight. you won a seven-game series in the last week. why should the reds -- and they thought, you know what, those last two games don't matter. when you don't -- when you forget how to win, then you need to win the one game and it was horrible. >> you can never, never, never stop trying to win. you have to try to win. >>

and columnist goldie taylor, republican strategist and msnbc strategist deuce san del%io and jared bernstein. is this your first time on the big three, jared? >> i mean -- yeah. >> i think it's my second time. >> it's your second time. all right. >> just a little bit of a veteran here. >> okay. we'll go easy on you. here we go, jared. you offer historical perspective on the obama care website. all the problems. have you it in your latest piece on hough po. you bring up an example of an own goal when a soccer player kicks the ball into his own goal unintentionally. you lent a sense of optimism to all of this, right. >> i think the own goal is obviously hugely problematic. my point was that we're obviously in a climate wherein the opponents of the affordable care act are very interested in confusing the product launch which has been pretty terrible with the product which i think is very good. so to give them the opportunity to do so is truly an own goal. but the historical perspective that i wanted to introduce is that i'm, i think i'm probably one of the -- i'm probably the elderly person on

"the wall street journal" -- jared bernstein, former economic adviser to the obama administration, longtime aide to joe biden wrote this. he wrote this piece. they cannot know for sure whether congress will decide to pay them until the shutdown is over. means affected households are likely to rein in spending. while that number represents only .5% of the workforce, the reduced economic activities could be felt in communities where they are overrepresented like d.c. or in small towns that have a popular national park. all parks are closed. this is splashed across many of the newspapers across the country this morning. sheila in massachusetts. good morning. thank you for taking my call. there are three equal branches of government. they are equal and we have a right to dissent of this administration or any other administration over any law that has made. here is a question you should be asking all of your callers. should everyone be treated the same or are federal employees so much more special that they should get special deals, along with big corporations and others. a simple question. take