employment as quickly as possible so get get back in the labor market with a better job. >> so jared bernsteinte there. the good of the many. >> may the force -- i can't do it. >> i'm glad my good friend jared is the one indifferent to the low-low income people. >> i want them to get a better job. >> that's fine, jared. you can have that one. i won't agree on the growth thing. the top thing here would be to have better economic growth. this is a side show and it raises hopes inappropriately. let's get serious about having a better recovery and that would be much better. >> well, guys we have to leave it there -- >> 24 million -- >> jared bernstein, doug holtz eken. wind up and go with you guys. i love it. i had three more full screens, graphics i wanted to go through. >> too bad. >> we'll do that next time, my friends. >>> it all comes down to one game, team usa and team canada, right, facing off for the gold on women's hockey at this very moment. i'm going to take you live to sochi when we come back for today's women's action. stitch golf he wanted to source his supplies locally. he found the

we turn back to our two panelists jared bernstein and steve moore. we're waiting for mr. so forth and connected. let me go to you, jared. first up, you had a few remarks, where, in the "new york times" today? what's your beef here? seven rates down to two, the tax rates themselves come down, both personal and corporate. this sounds like classic 1986 pro-growth reagan rostenkowski. why aren't you for this? >> there's a lieutenant of this that i like. what i put down in my piece is that it has one fundamental flaw. i'm glad we're getting to it before you talk to congressman camp. the flaw is that it's probably not really revenue neutral and certainly not in the second ten years. there's about four timing gimmicks that pull revenue forward in the first decades, and lose it in the second one. i'm worried about revenue neutrality, and he won't achieve it in the second decade. >> but steve moore, i'm pretty impressed the joint tax committee is scoring this in a dynamic way, lower rates produce a lot more economic growth, a lot more revenues. in fact they have 1% to 1.5% higher g

jared bernstein, jimmy, we'll have you back and do this another day.t's been another busy day on capitol hill. we have more new news on unemployment benefits and the debt ceiling and immigration. the great robert costas is about to join us. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. geico. fifteen minutes could save you...well, you know. it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomac

our dynamic duo of jared bernstein and peter morici. jared, we have this 6.6% unemployment rate now, but that doesn't really tell the whole story, does it. >> no. i mean, last month we were sitting here saying we expected 2,000 jobs. we ended up with 74,000. this month we expected 180,000. we ended up with 113,000. we thought that december number, that 74,000, that patry december number, would be revised up. it was revised up from 74,000 to 75,000. so i'm beginning to think like that character montoya in "the princess bride," this word expectation, it doesn't mean what you think it means. >> whoa, "princess bride" references 50 seconds into the show. >> nice. >> happey friday. >> so there is underlying weakness. i will say this report wasn't as bad as last month's and i actually think it's a little better than a lot of folks are unpacking. if you get into the weeds, there were some decent numbers. the participation rate picked up 0.2%, but you really have to worry if the job market is once again downshifting. >> peter, respond to what ja

i'm joined now by the editor in chief of the wise latina club and jared bernstein. ks for joining me. >> thanks for having us. >> jared, i want to start with you. the republicans seem to not be able to sort of break their obsession with deficits. if you actually take a look at the numbers, which we did, the deficit -- >> that's not fair. >> you know, just trying to look at the data. what can i say? y you know it better than me. the deficit has been cut in half under president obama essentially. >> the way you should measure the deficit is as a share of gdp. it's gone from 10% in 2009 -- by the way, that's a large deficit as a share of gdp because it had to be. we were in the deepest recession since the great depression. now it's going to be about 3% next year. so a fall from 10% of gdp to 3% of gdp suggests, by the way, far more deficit reduction than i think we should have done. i actually think the folks who have kind of pushed this austerity stuff on our fiscal accounts have hurt the economy. but there's certainly no way you can say we haven't done much in that re

victoria defrancesco soto and jared bernstein join me now. thanks to you both. >> thank you. >> thanks. >> so jared, i want to start on this issue with rand paul. this attack on the clintons, it strikes me as kind of a two-for. he's able to go after bill clinton and try to make him a liability. obviously, he's always been a hot ticket in democratic fundraising. he's sort of showing he will stand up to the clintons. that's obviously clearly important on the gop side. but also, he's attacking allison grimes, the woman beating mitch mcconnell in the kentucky senate race right now. >> i think it's pretty simple. the republicans face a well-known gender gap. bill clinton is really one of the spokespersons for the democratic party. he happens to be married to the front runner for 2016, as you pointed out earlier. that's pretty obvious but worth reminding everyone. and so the calculus, i guess, in paul's mind is you go after bill clinton like this, you're going after that gender gap. i can't imagine it has much traction at all. in large part because

with more now, i'm joined by former white house economic adviser, jared bernstein, also the man with whom i trust our economic news the most. thanks, good to see you. >> good to see you, alex. >> the labor participation rate was just 63% in january and we heard economic analysts mark zandi attribute these numbers to january's horrible weather. weigh in on that, is he right? >> well, mark's a smart guy, but i'm not sure about the weather. for example, construction actually posted 48,000 jobs last month. that's a pretty good number for construction and that's the most weather-sensitive industry in the job market, so the fact that they did okay suggests weather might not have been as big a factor. what mark is really getting at, though, is something fundamentally important, which is there has been a real deceleration, a real slowing in the rate of job growth at least in the survey of payrolls. and that's worrisome because we know that this job market has offered us a lot of head fakes over the years. we think it's getting better, turns out not so much. however, as jason furman, chief ec

pattern and the big the big ticket items now i want to talk about this you wrote a piece with jared bernstein on there is called replacing excuse me let me get the title right getting back to full employment a better bargain for working people now in this i want to i want to ask you. how do we get to anything close to full employment you talked about this a lot in the piece and i read it it was fascinating but i want you to explain kind of to our viewers how do we get back to that well the key thing is we have to get demand up and you know we just went through the three ways again my best stories get the trade deficit down the get the dollar down no there is another route that we talk about well but in the book and maybe this is the most promising way politically is to actually reduce the supply so one way to do that is through work sharing which is actually you know our model here is germany germany people often look at the unemployment it's five point two percent they go while booming economy you know their economies grow no more than our economy the reason why they've maintained a low unem

our dynamic duo of jared bernstein and peter morici. t rate now, but that doesn't really tell the whole story, does it. >> no. i mean, last month we were sitting here saying we expected 2,000 jobs. we ended up with 74,000. this month we expected 180,000. we ended up with 113,000. we thought that december number, that 74,000, that patry december number, would be revised up. it was revised up from 74,000 to 75,000. so i'm beginning to think like

with more now, i'm joined by former white house economic adviser, jared bernstein, also the man with

. >>> david walker, taxes ranger and jared bernstein.n't think a liberal when you're finished with him you are. >>> time now for today's aflac trivia question. how many official paying customers does netflix have outside the u.s.? the answer when cnbc "squawk box" continues. aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td a

guest: i have had a former administration officials -- i spoke with jared bernstein and asked him whathey did wrong in the stimulus. one thing he said was they did not sell it quite right. given the depth of the disaster the economy was in, rather than being sold as a one off cure, it should have been sold as the first step in what probably needed to be a series of stimulus programs. instead, after the passage of the stimulus, particularly in the first year or so, there was a lot of too optimistic talk about new green shoots growing in the economy. for a variety of reasons like the problems in europe, we did not see those greenchutes for a long time as unemployment continued to climb. that gave a lot of impetus to the republican narrative that the stimulus was not working. host: littleton, colorado, republican caller -- we are talking about the stimulus, what do you think? caller: you are a journalist. do you feel the american media has failed the public by deliberately looking the other way from the scientific evidence proving that building seven was brought down -- host: that is not

. >> guest: yeah and i've had former administration officials and i spoke for example with jared bernstein -- bernstein and asked him what they did wrong on the stimulus and one of the things he said was he didn't sell a quite right. i think that given the depth of the disaster that the economy was headed into rather than being sold as a one-off cure should have been sold as the first step in what probably needed to be a series of stimulus programs. and instead what you had after the passage of the stimulus particularly in the first year or so a lot of too optimistic talk about new green shoots growing in the economy and of course for a friday of reasons not the least of which was problems in europe and the eurozone problems. we did not seemed those green shoots for a long time in unemployment continued to climb. so i think that gave a lot of momentum and impetus to the republican narrative that the stimulus just wasn't working. >> host: peter you're up first in littleton colorado a republican caller talking about the stimulus five years later. what do you think? >> caller: you are generou