and who gave a green light, jared bernstein?hether you agree with the package or not, whose watch was it under? >> that began under george w. bush, no question about it. >> case closed. >> and implemented by president obama. >> and implemented, and with the guarantees in liquidity -- if you buy into your story, some ought to give w some credit. >> agreed. >> steve moore, this is the most tepid economic recovery going back to 1947, and it was about 2.3% i think for 4 1/2 years, and one of the worst job recoveries, one of the worth job recoveries that we have had on record. you know what? at a comparable stage, ronald reagan's recovery was producing 337 thousand dollars job a metropolitan. over mr. obama's terms, it's 178,000, and the worst employment population on record. what do you make of it? >> the answer to your question, larry, is president obama wants to take credit for this economy, have at it. that would be like taking credit for new coke or the edsel. i don't think the average american feels like it's a real recovery. d

here's jared bernstein and art laffer, economist and former ronald regan advisor.ill this help or hurt? >> i think it will hurt. you have to have some unemployment benefits, we all know that. this is an extension for a long, long time. it was meant to be temporary. if you pay people to be unemployed, there are going to be more people unemployed. we all know that. the question is how large is it. you know, it's clearly going to hurt the recovery. >> i mean, jared, before you tell me i'm crazy, president obama has basically said the same thing today -- >> you're both crazy. >> all right. we're both crazy. here it is. the national bureau of economic research, the blue chip ivy league economists and researchers, they write a paper and say all of this extending of research has made unemployment harder. >> i know the paper and i can cite about five that go the other way. this is one like the minimum wage, you can pick the paper you want to get the result you want. i will say that just like the minimum wage, in fact, the wealth of the evidence suggests that in a down econ

jared bernstein, thank you very much. folks, let me just tell you that despite the lazy jobs report, the fed is going to taper more this month. they are going to eliminate qe 3 and, also, there's a stock that you could have had for $69 a share on monday. you will not believe where it closed today. we're going to give you the full story just ahead on "the kudlow report." aflac! aflac! got 'em. ♪ yeah, he's clean, boss. now listen to me, duck. i have an associate that met with, uh, an unfortunate accident. while he's been incapacitated, somebody's been paying him cash. now, is this your doing? aflac? now, if i met with some such accident, would aflac pay me? ♪ nice. this is your stop. [ male announcer ] find out what aflac can do for you and your family... aflac? [ male announcer ] ...at aflac.com. for you and your family... aflac? so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat scree

and jared bernstein, a senior fellow at the center on budget and policy priorities, an msnbc contributor. richard, so the republican with the highest unemployment rate in the senate is on board for this. >> what a coincidence. >> big surprise. but the next one down, i believe, is mark kirk in illinois, which has awn employment rate that's above the 7% national average. he's not on board yet. and probably there's a very high unemployment rate in mississippi with two republican senators. it would seem that that's where you would try to get your support for this. >> right. and it's not surprising that the president's going to go out tomorrow and apply a lot of public pressure on these republicans. whenever you get the president out there with real people behind him, in this case people who are looking for unemployment benefits, to try and put pressure on the congress to do something, it's one of two things. either they are gettable, you have these vulnerable republicans who have high unemployment in their states, or everything's broken down and we are in the game of very visible political t

have a kind of robust economy that's helping to reenforce the recovery. >> msnbc contributor jared bernsteinred, great to see you. thank you, sir. >> my pleasure. >>> breaking news about the target data breach. almost twice as many people may have been affected than previously thought. details coming up from cnbc and the breaking developments with the florida mom who lost her controversial stand your ground case after firing a warning shot at her alleged abusive husband. we're going to go live to florida. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it in your heart. [ basketball bouncing ] heart healthy. [ m'm... ] great taste. [ tapping ] sounds good. campbell's healthy request. m'm! m'm! good.® became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim.

joining me now is jared bernstein, former chief economist for vice president biden. ks for coming on the show, jared. >> my pleasure, rev. >> why would republicans let this happen when it hurts so many people and it hurts the larger economy as well, jared? >> it's a good question. i think the misunderstanding among republicans is that the economy which is clearly improving is somehow back to a place where any job seeker can find a job that will meet their qualities, that will meet the kind of skills they bring to the labor market. now you and i know that's not though case. they're confusing an economy that's on the mend with an economy that's healed. in fact, the share of long-term unemployment is twice as high as it's been in the past when congress has extended emergency benefits like this. >> you know, look at some of these that are the grinches on the right who stole christmas. that's when this expired. in senator rand paul's state of kentucky, 18,000 people have lost their jobless benefits. senator chambliss let 54,000 lose their jobs in georgia. and senator ted c

we have jared bernstein and art laugher. i think they have a disagreement. i'm kudlow.s a new form of innovation taking shape. at a company that's bringing media and technology together. next is every second of nbcuniversal's coverage 0f the 2014 olympic winter games. it's connecting over one million low-income americans to broadband internet at home. it's a place named one america's most veteran friendly employers. next is information and entertainment in ways you never thought possible. welcome to what's next. comcastnbcuniversal. >>> come april 15th, a lot of people will as a new higher top tax rate, fewer deductions and exemptions. a lot of wealthy americans are facing about a 43% or 44%, and there's a big jump in capital gains and medicare payroll tax. great, what will this do to the economy? as people pay this, what will it do to the stock market? joining us now, former chief economist for vice president biden jared byrne teen and art laffer. is this a great idea? >> no, it's not. larry, you can't tax an economy into propertain. we already have a horrible economy.

over stew, msnbc contributor and senior fellow at the center on budget and policy priorities jared bernsteinmnist and author of the gop's job hypocrisy, thank you to you both. >> thank you. >> so jared, i'm going to start with you. it struck me when i took a look, because i thought all right, i'll give them a chance. let's take a look at some of these job creation ideas. but a lot of them are wasting time like, i think we've got a full screen of this, repealing obamacare. haven't we already been through this? that's a job killer. the keystone pipeline, and the keep theirs off your health care act. i'm sorry, how is that going to create jobs? >> i did the same thing you did. i went through the list. by the way, as you mentioned earlier, a bunch of that stuff is basically gifts to the energy sector. now what is one sector in this economy that has actually been pretty booming lately? that's energy. so it's kind of an agenda really looking for jobs in all the wrong places. basically, what i'm going to say now is going to sound a little like a caricature. but i don't think it is. for a long time,

this will serve the country thinks this is the import of them jared bernstein said that it was backed by prime minister seems on this ruling party he campaigned in favor of hosting the us based gunmen officials from japan and the united states have already agreed on the relocation. they want him in the us to tear my hair station from nineteen oh one city tonight though. about fifty km away because the area the city is less densely populated at them it has been stalled for almost eighteen years. okinawa gov your president and that meant we found out last month to discuss in dap approved an application to start landfill work in and go for new runways. many local residents protested saying that our baby has too many us bases the ants. davis a day in an innings victory in my communication class is gonna be a sticking point in japan and the west relations residents in japan are bracing for a high tea in the consumption tax. it will go up in april from five to eight percent. mr abbott says measures will be needed to alleviate any negative impact as he tries to right the economy. people are

and jared bernstein was pointing out how much tougher the economy is these days.e programs were not in effect, the poverty rate would be much higher than it is. you know, this effort to build and sustain a social safety net ran into the headwinds of an economy that is changing. that is throwing the working class out of work manufacturing jobs are disappearing. and so instead of talking about cutting back that safety net, we need a much stronger one before we can say that we are really fighting the war on poverty. we need to keep food stamps in place so people aren't hungry. we need much better medical care. you know, we gave the elderly as peter said social security and medicare. but we're still struggling to help the working class get good health care. so, yes, the economy has changed. so, yes, the economy has changed. and we need a stronger social safety net. >> very quickly, peter, you wrote recently about john edwards, interestingly, being ahead of his time on this issue. who picks up that mantle going forward in your estimation? >> well, bill de blasio has pi

. >> joining me now, jared bernstein on budget and policy priorities.s the chief economist to vice president biden. your reaction to marco rubio's battle against poverty. >> well, there were aspects of his diagnosis that i thought were pretty strong. he talked about the increase in inequality and he worried about immobility, the difficulty that folks at the bottom end of the income scale have getting higher up on that scale. and often times, republicans won't even engage on those issues. i think they've kind of been pushed in that direction. so i was glad to hear him talk about that in his diagnosis. his prescriptions i felt were way off point and antithetical, really, to the goals he's articulating. by the way, this revenue neutral flex fund stuff, that's a block grant. that means that instead of the federal government being able to ramp up its response to recessions, as we just saw, and was so important, as you mentioned in your introduction, to holding down the poverty rate over the deepest recession since the great depression, that function, that co

jared bernstein looked at that and looked at something like snap, which sort of stayed the same overtime't rise and fall with the changes in the economy. whereas things like the blue line, that's the blue line -- but other sort of nonblock granted programs actually rise and fall. unemployment insurance, things like tan i have, they shift with the economy. does it have an economic underpinning that makes sense? >> sort of. the problem is republicans only have one idea and can only have one idea, to reduce the size of government. they are trying to find any way to solve poverty or address poverty while keeping with that. this is one day of doing that, reduces the size of the federal government. their goal is to preserve, not help poor people. >> as a political matter, jonathan, do republicans need to change their minds or is it talk to get it off the table for 2014? >> they have a whole lot to do to help themselves and to come up with the program. they've ticked off women, young people, gays and lesbians and people of color, economically insecure until they realize they have to have real i

let's bring in cnbc contributors jimmy petakukas as well as jared bernstein.ficult conversation because there's a lot of people out there that need the help. the growth of women in the labor force added new applicants to the pool, so that will grow it artificially. back in 2006 the national bureau of economic research, nonpartisan, called this a fiscal crisis and basically said a lot of people, because the changes in the after tax disability insurance income replacement rate, it's strengthened so workers will seek benefits. in 2006, the nbr basically said people are taking advantage of the system. >> some people are. you just did a segment on about 100 of them and that kind of fraud is obviously unacceptable, and it's clearly fraudulent because you really are supposed to be severely impaired. people on disability are allowed to do a little bit of work, but nothing like what you just saw if you earn over $1,000 a month, you should be ineligible. but listen, one of the things you said that's very important, we have to separate the fraud from the legitimate incre

economist jared bernstein and dean baker recently called for the united states to impose taxes on foreign holdings of treasuries and terrace on imports precisely to counteract them. this is, in my view, a misguided recipe for raising global trade tensions and political conflict. but the very fact that prominent commentators are calling for such action illustrates the importance of considering how the functioning or malfunction of the global monetary system can encourage a spiral of damaging policy actions. china's agreement with brazil, russia, turkey and japan to move away from dollar-based trades, for example, have the potential to undermine the multilateral trading system as countries that don't want to stockpile each other's currencies will use tray discriminations to prevent trade imbalance is from emerging. so what can be done? international cooperation can help of the margins by mitigating short-term liquidity problems, most notably through currency swap arrangements. the fed extended swap lines to brazil, mexico and south korea in october of 2008, although these arrangements were

joining me now from washington, d.c., is jared bernstein, an msnbc and cnbc contributor, also a fellowthe table, editor in chief of "high times" magazine and raul reyes. katrina vanden heuvel and carl hart, associate professor of neuroscience and psychology at columbia university and author of "high price: a neuroscientist's journey of self-discovery that challenges everything you know about drugs and society." jared, i want to start with you on the pure economics of this question. those were extremely long lines. it looked like black friday out there. i guess i just want to know how much of an economic impact is this really likely to have? i mean, will colorado be different? >> first of all, when an economist sees a line like that we immediately think demand exceeding supply. great insight. right? typically that would lead to higher prices at least in the near term over the longer term you expect more retailers to get into the business, although it's heavily regulate sod there's a wrinkle there. look, the numbers you mentioned are reasonable, sensible numbers based on the kinds of rev

we're joined by shark tank agency kevin o'leary, cnbc contributeors jared bernstein, the former chief economist for veep joe biden, white house political direct for president george w. bush, nara tanden. she was president obama's domestic policy director during his re-election campaign. and cnbc's robert frank. first, let's go to cnbc's chief washington correspondent john harwood with some setup on what we can expect to hear tonight from the president. john. >> i think we're going hear from a president who is chacened by the political difficulties had he in the last year. he knows that the window is closing for him to get big things done with congress, but he can't afford the perception of a presidency that's paralyzed, so he is going to talk about things he can do on his own like that minimum wage executive order. it doesn't affect that many people, and most of the things that he is talking about doing by executive authority is talking about trying to leverage small amounts of money or policy, hope those little small ripples in the pond create bigger ripples in the country, but he kn