course here in washington we've got talks about the debt ceiling going nowhere fast and so we've got kelly evans is the columnist for the wall street journal she's in new york and joins us from our studio. hey there kelly pretty difficult to envy christine lagarde coming into this position at this time i don't want to rain on a one anyone's parade but i do want to paint a realistic picture here and talk about look guards at greatest challenges and ask you what you think will be. i think we just saw images of her greatest challenge certainly it's a reassurance to be europeans that having a fellow european and as the head of the i.m.f. will basically keep the recovery package on track some of the demands on track to the entire euro zone has for greece in order to support the bailout measures there but you know dominique strauss kahn was seen as helping these negotiations kind of stayed together throughout his tenure at the i.m.f. they're in an especially difficult spot as you can see from from people on the streets in greece there's very little appetite for the kinds of austerity measures that the

i am kelly evans, i write a journal. i host or video shows day today as well.so let me briefly introduce these guys. we've got justin lin who is chief economist at the world bank. the first developing economies by the way at the world bank and certainly with all the uncertainty china looks for that. john taylor, president of economics at stanford university undersecretary of the treasury and perhaps best known over the past decade for being a willing critic -- someone who is willing to criticize them will talk about the federal reserve starts today at meeting washington who served on the federal reserve in the late 90s and cofounded macroeconomic advisers, a tracking firm that does a great job of giving us a sense of what's happening in the economy right now. larry, i'd like to start with you. last night i think clay christiansen summed up what she said for the first time in my life, i'm really worried about america. i think there's been a lot of pessimism, both from companies or just in general out there isn't warranted. >> absolutely. i think it is absolutely