jeffrey sachs. >> what's coming up next, mika?hite house economic adviser austan goolsbee about the president's upcoming jobs plan. >>> also new developments out of libya where the convicted lockerbie bomber is reportedly in a coma and without medicine. we'll have the latest on his condition and whether he could now face extradition. >> i think he's faking it. >> yeah. okay. >>> here's meteorologist jeff rainier getting a check on the forecast. jeff? >> thank you so much, mika. good morning to the both of you. we are still cleaning up from what was once hurricane irene. still millions without power. look at the rainfall foals. when you think about it, all of this rainfall happening in a 12-hour period. close to 7 inches there in new york city, and right now the storm has moved well off to the north. we're not dealing with irene today, but the residual effects remain as we are seeing wind gusts, the airports get going in new york, you may face slight delays in and throughout the northeast. and major river flooding. one of the major

jeffrey sachs is professor of economics at columbia university, named by time magazine one of the 100 most influential people in the world. from that magazine, rah nah foroohar who wroeft last week's cover story on the decline and fall of europe. richard haass has worked for the state department and national security council and lots of other places. we also have the eminent british historian andrew roberts, author of "the new york times" bestseller "the storm of war." welcome. >> thank you. >> jeff, let me start with you. you talked in the "financial times" piece about the way in which both europe and america were fundamentally misreading the economic crisis. i was struck by it because for just somebody who i would regard as a man of the left, you were saying that even the whole conception in america that the democratic left of the stimulus program, of another stimulus is misguided. we've just -- i took you to mean just extending unemployment benefits, et cetera, is not going to jump start the economy because you're just trying to jump start a consumption-based economy. what we need

jeffrey sachs and melissa harris perry. also in washington, pat buchanan. a gold star to you melissa coming from lawrence to here. did you sleep down the hall? we are going to start with libya. we have a new report after months of brutal civil war, moammar gadhafi is making plans to leave the country. intelligence reports say he and his family could depart within days and finding exile in tunisia. chief pentagon correspondent jim getting up early this morning. what can you tell us? >> there have been increasing reports over the past week that moammar gadhafi is making serious preparations to get him and his entire family out of libya. according to to reports, apparently, this would be through tunisia. not sure it would be his final stop in terms of any kind of exile he might be granted. repeated reports over the past week that he may end up in venezuela somehow. all that is sketchy now. earlier this week, leon panetta sounded more optimistic than he ever has about a possible end to the six-month stand off between nato and gadhafi when he said to a group at

economist jeffrey sa sachs whos been a supporter of the president said this week this "we are almost three years into the administration. there has been been a plan. the president didn't lead, he waited. we have no agreements and no leadership and i do think it is pretty odd the president is on vacation right now. norm ally i wouldn't care about such things but the world markets are in deep crisis. this isn't an august up and down little blip, this is a serious situation ." this was an economist who supported president obama. is this a problem for the president now on vacation? >> well, this is o obviously a very difficult time for the country and you don't need to be an economist to figure out that middle class families are struggling. when came to office, 700,000 jobs a month were are being shed from the economy. right now in this recovery we have seen 2.3 million jobs added to the recovery. the president has done things to help the economy grow as opposed to shrink. but he would be the first to tell you that he is not satisfied with the progress. i tell you what, he has not had a

jon corzine, former goldman-sachs chief, former governor of new jersey, ruined the state of new jersey but he's giving money, collecting money for the president. and jeffrey dreamworks and so on and on. they collected $375 million in three months towards the billion dollar campaign war chest that the president hopes to get together. >> when your mantra is needs to pay more, is that hypocritical just presidential poeclicy? >> i can't spell it but it's definitely hypocrisy. we lined up to go to the birthday bash in chicago, basically a fundraiser. $36,000 for dinner. another $10,000 to have your picture taken with the president and overflow crowd in hollywood watching v satellite lining up to give money to the president who is bashing billionaires and millionaires. >> they must not mind too much. they're continuing their efforts. >> i'll tell you why it is, we're going to tax income, not wealth. the people doing this, they have accumulated wealth. we don't tax accumulated wealth. no, we tax income for people who are striving. income people. that's what we tax. those are the millionaires, in fact the $250,000 per year earners. that's who the president is goi