here is the similarity between a guy like klein and the white house, i think where klein says, hey, there is a poll out that says 77% of people believe the stimulus was wasted. he says they are a nation of dodos because they don't understand that some of this was tax cuts or tax credits for them. well, the fact is that what the american people are looking at is the fake districts, the fake zip codes that all the stimulus money went to. they can hold two ideas in their heads at the same time and say hey, i think the majority of this may have been wasted and spent badly. i don't think it worked for the economy. that's the conclusion they come to. they are not idiots. they are actually deciding based on facts here. and fox provides some of those facts. the white house, i think, has some of the same idea where they say all we have is a perception problem. we just haven't explained this well enough. when in fact people are looking at the numbers and saying this is bad policy. >> bill: they haven't explained health care well enough. even khalid sheikh mohammed situation, just about everybody th

clibe klein -- mr. klein: thank you, mr. speaker.e speakers this afternoon on this very important resolution. i urge members of this chamber to support this resolution and send a strong message worldwide, never again. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and agree to house resolution 1044 as amended. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended -- mr. klein: mr. speaker. the speaker pro tempore: the gentleman from florida. mr. klein: i object to the vote on the grounds that a quorum is not present and i make a point of order that a quorum is not present. the speaker pro tempore: pursuant to clause 8 of rule 20 and the chair's prior announcement, further proceedings on this motion will be postponed. mr. klein: thank you, mr. speaker. the speaker pro tempore: the chair lays before the house a communication. the clerk: the honorabl

and ezra klein of the "washington post". with me in miami at the public television station facility is donna shalala, she served as health and human services secretary during the clinton administration. and she is now president of the university of miami. i am pleased to have each of them here. we begin with bill frist who knows the legislature well. i want to talk about three things this evening. number one is what happened today. number two, what happens next. and number three, where does this lead health care, where does it leave health care at the end of the day. so i begin with you, bill frist. tell me what happened today and your assessment of it. >> well, charlie, it was a remarkable day, i thought. and i say that based on the 12 years that i spent in washington. very similarly to where these senators are today. what was different today, i didn't see it in six years with president clinton or six years with president bush, is a president of the united states taking directly to the american people for seven hours a very

. >> let's first call in ezra klein. good evening. is majority leader reid sending a signal to get the votes to 51 to pass this? that happens, he'll figure out whatever procedural way to make a vote possible? >> i don't think it's quite that determined. i got to tell you, keith, reporting on this is weird today because everybody is signing the letter. then when you call them, every office i called is telling me privately we're terrified of this, we don't know what to do with this. we can't say no to the letter, but reopening this at this point in the game, so what you're seeing in the statements from leadership, reid and the white house is that the other guys will take the hit, we'll sign. so, the white house says, yeah, if reid does it, we'll support it. reid says if the white house will round up the votes, i'm happy to do it. but neither one of them is willing to take the first step on their own. >> so this is at this point a microcosm? >> i think it's getting scary. you're actually seeing a failure of leadership at the white house.

. >> jon klein. >> yes, and we met with leader boehner about this.nate and house, bipartisan, and the administration working together on the basic architecture of it. that is the route that we would prefer to go. and in consideration of that act, we have the opportunity because what the president and the secretary laid out in terms of race to the top, the kinds of things that they want to encourage in terms of professional development for teachers, data systems that are very important to tell the house schools are doing, and the promotion of charter schools -- there was a lot here for republicans and democrats who supportÑi the issue to come together around. >>çó it seems there is a controversial bill. with bonds supported it originally and now wants to scrap it -- roy bluntçó support% it originally and now wants to scrap it. >> we think we have an opportunity to do it in a very different way. we're looking at whether or not to some extent we can put in the ingredients for high-performance goals, put in these systems so the states are competing for b

finance committee made news because it issued a letter critical of the medica medication, glaxco smith klein and the fda. the fda has acknowledged 83,000 cases of heart attacks for patients on this medication between 1999 and 2007. they have studied over 250,000 internal documents and has concluded that the company and the fda have delayed in taking action, that action to remove it it from the market. gsk, however, maintains that this medication has a role, should be on the market, and is indeed needed to control blood sugar in so many diabetic patients, brian. >> it's one thing to say this. the natural question is if you're on it, know someone who is, what should they do? >> that'where the water is muddied right now. this senate letter was as much an indictment of the fda as avandia. there are other medications out there, but it may not be enough to ask your doctor. a lot of doctors will be confused, too, and not having the answers and not having clear alternatives really goes to the core of the problem, that after all these reports and years, why don't we have more definitive news to ge pa

but namoi klein is not just a critic. she's a chronicler and leader of grass-roots movement around the world. with her husband they did the film that take about argentina and the retaking of the factories. before that, she wrote the book no logo and tonight here in new york she is celebrating the tenth anniversary of that publication, which is as relevant or perhaps more relevant today than it was ten years ago. as the rest of the media was saying what is the battle seattle, naomi already written a book about that to -- about it. but absolute friends recommends namoi klein as the top of the reading that should be done if you want to understand the post cold war corporate power. and i think her latest book certainly proves that, "the shock indoctrine," the rise of capitalism. [applause] i'm purposefully introducing raj second because i didn't want to say we are talking of the value of nothing. [laughter] but that is the title of his new book, "the value of nothing" how to reshape market society and redefine democracy and i

my friend john klein talked about the association health plan proposal.respectfully, john, i think that what you're talking about with association health plans we were' talking about exchanges is a semantic difference. pooling purchasing power of small businesses and individuals to get a better deal. >> greta: congressman andrews joins us live. i loved the tran parent today. >> i did too. it was in the open, people had honest differences. treated each other civilly. i thought it was a great thing. >> greta: too bad we didn't do it earlier. >> earlier and often. if the next issue is deficit and debt we should do that education. sunlight really is the great and the septic. >> greta: do you think -- that it improved the situation it is more likely it can resolve itself or are the lines drawn in the sand? >> i did think it improve the situation. on substance there are very close views on buying policies across state lines. on letting small businesses and individuals buy through these buying pools. on more movement on tort reform, also probable. these are impo

rick klein joining us. if they don't pass legislation by november, the democrats look weak because they own the house, white house and senate and even filibuster prove. if they -- filibuster proof, if they do pass something, bullies. >> the only people who may want to pass health care more than democrats are republicans because they are looking forward to running against this the reconciliation thing is an dangerous option, but it is an option. at this point the president's calculation is getting something is better than getting nothing because they may get blamed for getting nothing. >> greta: is there a political cost? are the democrats worried? everybody in the house is up for reelection in the senate a number of people are. >> some moderate democrats in the senate feel like this is not the right route. they may not be there you only need to get 50. i think there's a minimal cost directly. people -- no one knows reconciliation, filibuster these are procedural things that i think are dwarfed by the impact

nasdaq is down 6% year to date now with debt klein on tcline o.down about 3% on the standard & poor's. you had the banks down between 3% and 5%. bank of america, by the way, down 5%. a handful of retail name, even the inflation trade. energy and the number of commodities down today with the exception. a number of other commodities weaker, like gold. gold was not a safe haven today. it was down on the session. pretty significantly. and mention the winner, cisco and gap stores among the stocks that did well today. that will do it for us. we'll be back tomorrow. have a fantastic evening. see you tomorrow. "fast money" up now. >> live from the nasdaq market site, i'm melissa lee. the boogie man is now the debt of far off places like greece and portug portugal, but the dow, traders know that somewhere there is still money to be made. and that's what we'll do tonight. joe, i want to start with you. at the beginning of the day, investment fundamentals didn't work out for you. >> absolutely. i've been establishing an overweight position in things that fun

she has kleine-levin syndrome, with only 1,000 known cases around the world. >> this kind of state lasts for about one to two weeks generally, and then it disappears suddenly. so, people feel this is over, but unfortunately it comes back. >> reporter: pediatrician in london made the diagnosis for the family. a frightening syndrome with no cure, only a chance louisa would grow out of it. life passes her by while asleep. dancing is her passion but this year she keeps missing recitals, school work and her social life suffer. stephanie gosk, nbc news, worthing, england. >>> a harrowing tale today, jumping into shark-infested waters to try to save a surfer. the surfer was trying to free himself from a swarm of sharks. >> it wasn't until i finally got to him that, you know, realized with the amount of blood in the water and he told me that he had been, you know, bitten, that this is what's going on. >> despite those efforts, 38-year-old steven schafer died a short time later at the hospital. kristin dahlgren is in florida right now. this guy, this life guard risked it all. >> he really did, co

one of their meteorologists jarrett klein talked about the effects of an el nino winter. why might this one be snowier? because it was expected to be a moderate el nino. the last time we had one of those was 2002-2003. would you like to guess how much snow we had then? 40 inches. we've had 27 now. if we get thprojected 16, we're going to be up and over that mark. let's talk about an el nino winter. what does that me? let's hope we don't get another one next year unless the snow lovers have something to say about it. last year we only had seven and a half inches of snow. ocean water -- warm ocean water in the pacific. what this does, it has an effect on the southern branch of the jet stream in the united states. it kind of activates it. more storms can form. they take a southern path and they eventually work their way up the east coast where if there is enough cold air in place, it's going to snow and snow frequently. we have seen that happen this year with more frequent storms tapping the gulf moisture and running into cold air. there are other pieces to this puzzle. some

and my friend jon klein talked about the association health plan proposal.john, i think that what you're talking about with association health plans and what we're talking about with exchanges is a semantic difference. it's a matter of pooling the purchasing power of small businesses and individuals to get a better deal but there is one substantive difference that i want to ask about because we are concerned about it. if we can resolve this, i think we can agree. let's take the case of a woman who has a baby by c-section. and she lives in one of the many states that say you can't be kicked out of the hospital after you've had a c-section until your doctor thinks it's time for you and the baby to go home. now, under the association health plan proposal, that rule wouldn't apply to that lady and her baby. that there would be no protection of her in that situation. we think, john, that there shouldn't be necessarily, you know, 51 different rules for each state but there ought to be some minimum federal standards in these exchanges to prek people in cases like t

we have three reports for you this mornin starting with the weather channel's janel klein in chicago. janel, good morning. >> reporter: good morning, meredith. day two of a three-day storm here in chicago, and it is expected to be a big one. ten inches planned for today in addition to the four inches already on the ground, and wind will also be a factor. 40-mile-an-hour gusts that could create ground blizzards and whiteout conditions in some areas. but as tough as driving conditions are, air travel not a whole lot easier. 300 flights canceled out of o'hare airport here in chicago yesterday. dozens more were delayed. and now southwest airlines is saying it is canceling all of its flights out of midway airport. but as tough as everything is here in the midwest, everybody is saying they know it is nothing compared to what the east coast is expecting. >> all right, janel klein, thank you so much. janel is from the weather channel, reporting from chicago this morning. meanwhile, as she said, people in washington, d.c., are still digging out from a weekend storm there that was one of the bi

and my friend jon klein talked about the association health plan proposal.spectfully, john, i think that what you're talking about with association health plans and what we're talking about with exchanges is a semantic difference. it's a matter of pooling the purchasing power of small businesses and individuals to get a better deal but there is one substantive difference that i want to ask about because we are concerned about it. if we can resolve this, i think we can agree. let's take the case of a woman who has a baby by c-section. and she lives in one of the many states that say you can't be kicked out of the hospital after you've had a c-section until your doctor thinks it's time for you and the baby to go home. now, under the association health plan proposal, that rule wouldn't apply to that lady and her baby. that there would be no protection of her in that situation. we think, john, that there shouldn't be necessarily, you know, 51 different rules for each state but there ought to be some minimum federal standards in these exchanges to prek people in

for a while, companies like coke and calvin klein, thinking second life would be the next big thing,ned virtual outposts there. it didn't work. marketing real goods in virtual worlds never really took off. but rosedale says that creating a viable marketplace was never his point. he wanted something else, to rewrite the rules of interaction between human beings. >> i think that our society today, you know, we are alienated from each other and from the world around us. when people come together in a virtual world, we immediately become more social, and more connected, and more dependent on each other. i think that when people go into virtual worlds, the sense of being physically near each other causes them to behave much better than they do, say, in email. or instant messaging. that's an interesting phenomenon. >> rushkoff: rosedale holds up his own workplace as a model for this more intimate, more tender online culture. >> so, you know, we all do sit open without any cubicles or anything here. >> rushkoff: he's instituted something called "the love machine", through which his employee

she has klein levin syndrome, a rare condition with only 1,000 known cases around the world. >> thisind of state lasts for about one to two weeks, generally, and then it disappears suddenly. so, people feel this is over, but unfortunately, comes back, and in a very unpredictable way. >> reporter: louisa's sleeping episode started just over a year ago. >> we couldn't wake her up, and it was constant, please, will you get up, please have something to eat, and she just couldn't eat and didn't even have the energy to open her eyelids. >> reporter: a pediatrician in ireland made the diagnosis for the young lady, a frightening syndrome with no cure, only a chance louisa would grow out of it. since then, every four to five weeks, her family and school friends pick up the signs that sleep is setting in. >> i'm vague, i don't talk much. and then louisa's going into an episode. and i'm like, yeah. and then i realize i will need to go home. >> reporter: while asleep, life passes her by. dancing is louisa's passion, but this year she keeps missing recitals. school work and her social life suffer

believe that they were achievable but i think what it has done this sort of reduced my tendency to klein, to say this is going to be hard. you don't know. you don't know part of this is going to be hard. i have got to do this. i am a writer, i am an. i am famous for talking myself thought of things. i am very good at coming up with reasons why something will not work, why it will not happen so i am trying to make it a point of personal transformation to tell myself, to look at why things can happen, why things can be done so we will see how long that lets that that is what i'm feeling right now. >> that is pretty good. >> hi, i am a former colleague of don's and was an instructor at columbia college so you can blame me for all of the questions. i had of course as a journalist and have a three parker. the first is about, you talked a lot about curatin of the as a father and i know obama talks a lot about his identity as a father and his responsibilities. you talk the little bit about your mother but i was curious about your relationship with your father. the second, these are all unrelate

the other thing is the coinciding news headlines smith the blocks so klein announced in january theyare going to make available information on the hundreds of compounds that can address malaria. these are natural compounds. it's everybody's right to make money in this country but why is it mccaul companies can make whatever they want and these corporations shom were this stuff, they do their own testing. nobody knows whether or not this stuff is harmful or not we find out later, maybe it causes problems, maybe they fudge the numbers. at any rate -- >> host: we got the point, thanks. paul driessen >> guest: let me jump back just a second to the earlier point about the epa banning ddt. when they did they had a seventh month study and it was determined that ddt was and carcinogenic or causing the problems but william said i have a political problem and i'm going to solve it. let's go to mark's comment. i think you were talking about the convert, it is a separate situation and there were still a lot of problems of people shooting them and hope habitat losses and other things like that. j

it's been a joe klein wrote a cover story for time magazine, which discussed that issue. back about 10 months ago, and the issue he identified is there. plus the indians have a large agriculture, japanese are upgrading the e.u., upgrading. this is a big push. and very glad you asked the question, because people rarely make the connection, but of course, there is a connection. it is classic counterinsurgency. is good in its own right. it's going to help deny the taliban a pool of alienated, unemployed youths, who go out and get paid to shoot if there is a family plot, family pressures will be that they work on the farms, at least during the appropriate seasons. so it's enormously important. on trade transit. the negotiations are continuing. there was another round, secretary clinton and i talked about this last night. it's down to just one or two issues, that they are very complicated. and they involve the equities and politics of both afghanistan and pakistan, and i'm not -- i'm not up to speed on the exact extent today so i'd rather not get into details. but we are conti

that's about the world around us and related economics including a six part series i did with dan klein and the theory of moral sentiments. a little bit intense, but for those deeply interested in more scholarly diversion than we usually do in econ talk. >> host: would you consider yourself a fan of adam smith's theories? >> guest: big-time. >> host: why? >> guest: is startling how something with somebody ago with such charm still educational invaluable. my thesis advisor kerry backer won a nobel prize when asked, who would the economist is simplest him and he said adam smith and alfred mosher. we go back and read smith. there's so many insights there. any such a role model for how to use observation, facts, evidence and thinking about the world around us. >> host: before we go to calls, there's one phrase that adam smith is very well known for her, the invisible heat. we're going to take that from "the wealth of nations" and read the quote to you where he uses the phrase invisible hand, with a little bit of text before it and after. so it gets a little long hair, but we thought you'd w

larry klein got a nobel prize.dels had already been rejected by the literature. and yet these are the models that are creating the sound bites. that does not mean that we think it hurt growth last year, or that we know precisely that the stimulus was a failure and made things wose. it does mean we should have a great deal of skepticism that we know what the right thing to do is. going forward, we have seen the success of some programs i highlight in my testimony. we should trust evidence more than models and the skeptical about what the model say, especially when the model predictions are so at odds with what we see in the literature. >> my gut feel is that the economy has changed, but those models are not as reflective. stimulus is almost always arrive after the recession has peaked and is slow. i think today that we downplay the economic boost from lowering the after-tax cost of capital on a permanent basis, where businesses can count on that rate of return and the ability to invest. your thoughts? >> i think you

it's been a -- joe klein wrote a cover story for "time" magazine which discussed that issue about tenmonths ago and the issue he identified is fair. so, plus the indians have a large agriculture and they have upgraded, the e.u. is upgrading. this is a big push. and i'm very glad you asked the question because people rarely make the connection, but of course that the connection. it is often a counterinsurgency. it's a good and its own right. it's going to help deny the taliban and other cool of alienated, unemployed youths who go out and get paid to shoot if there's a family plot, family pressures will be that they were, farms, at least earning the appropriate seasons. that's enormously important. on trade transit, the negotiations are continuing. there was another round recently. secretary clinton and i talked about this last night. we are down to just one or two issues, but they are very complicated and they involve the equities and politics of both afghanistan and pakistan. and i'm not up to speed on the exact standing today, so i'd rather not get into the details. but we are contin

klein: thank you, mr. speaker. the house is going to consider the house insurance industry fair competition act. lrbn+j bill will level the playing field by repealing the health insurance industry's unfair advantage and helping encourage competition by bringing down costs for families and businesses. everyone knows that competition drives our economy. fair competition is what encourages innovation, ensures quality service, and drives costs down and that applies to health insurance, too. unfortunately, health insurance companies are exempt from these fair competition rules. this is like your neighborhood pharmacy calling up its competitor down the street and deciding to set all their prices at the exact same amount. you can't do that. it's not fair to consumers and no other business in the united states is allowed to act that way. what's fair for every other business in this country is certainly fair for the health insurance industry. today's bill makes sken changes and i look vord -- commonsense changes and i look

about the world around us and is related to economics including a six part series ended with daniel klein on the moral sentiments, adam smith's first book to read a little intense but for those deeply interested a scholarly version did we usually do. >> host: would you consider yourself a fan of adam smith's fees'? >> guest: big time. >> host: why? >> guest: it's startling how something written so long ago with some charm is still educational and delegable. the thesis adviser chicago, gary becker won a nobel prize when asked to are the economies to the eckert economists who most influenced him and he said adam smith and alfred marshall, that was exaggerated but we can go back and read smith. there's so many insights and again, he's such a role model for how to use observation, fact, evidence to think about the world around us. >> host: before we go to calls there is one phrase adam smith is very well known for, the invisible hand. we are going to take that from "the wealth of nations" and we are going to read the quote to you where he uses the phrase "invisible hand" with a little text be

that's about the world around us and related economics including a six part series i did with dan klein and the theory of moral sentiments. a little bit intense, but for those deeply interested in more scholarly diversion than we usually do in econ talk. >> host: would you consider yourself a fan of adam smith's theories? >> guest: big-time. >> host: why? >> guest: is startling how something with somebody ago with such charm still educational invaluable. my thesis advisor kerry backer won a nobel prize when asked, who would the economist is simplest him and he said adam smith and alfred mosher. we go back and read smith. there's so many insights there. any such a role model for how to use observation, facts, evidence and thinking about the world around us. >> host: before we go to calls, there's one phrase that adam smith is very well known for her, the invisible heat. we're going to take that from "the wealth of nations" and read the quote to you where he uses the phrase invisible hand, with a little bit of text before it and after. so it gets a little long hair, but we thought you'd w

the other thing is the coinciding news headlines smith the blocks so klein announced in january they are going to make available information on the hundreds of compounds that can address malaria. these are natural compounds. it's everybody's right to make money in this country but why is it mccaul companies can make whatever they want and these corporations shom were this stuff, they do their own testing. nobody knows whether or not this stuff is harmful or not we find out later, maybe it causes problems, maybe they fudge the numbers. at any rate -- >> host: we got the point, thanks. paul driessen >> guest: let me jump back just a second to the earlier point about the epa banning ddt. when they did they had a seventh month study and it was determined that ddt was and carcinogenic or causing the problems but william said i have a political problem and i'm going to solve it. let's go to mark's comment. i think you were talking about the convert, it is a separate situation and there were still a lot of problems of people shooting them and hope habitat losses and other things like that.

we allow klein to broadcast on the china radio international in the united states yet they jam all of our broadcasts by voice of america in their country. this is not fair and this is not reciprocity and it is not being abouting a nation that homes to be one of the great nations of the world. it pays tributes to the professional and citizen journalists to persevere in their endeavors in china despite the extremely high rate of imprisonment in china. they're also a practical benefit. as secretary clinton recently said, an i quote, "countries that restrict free access to information or violate the basic rights of internet users risk war walling themselves off from progress." i am grateful for the widespread support we've passed with s. res. 405 and i thank the other cosponsors. the united states must not sit back as voices in china, iran, and around the world are silenced. it is -- it is my hope this resolution will help promote an environment of expanded freedoms especially when it comes to internet and the press. i ask unanimous consent the text of the resolution be included in the re

ezra klein is a blogger and write periodic columns for the "washington post,." was formerly associate editor for the american prospect. his work has appeared in washington wizards, "the los angeles times," the new republic and slate, and many other publications. he interviewed, a few years ago, a couple of years ago paul krugman, and paul krugman said the following about ezra. ezra is very, very good, and very, very young, because when ezra interviewed him in a restaurant, he was carded. [laughter] >> that was -- paul was just jealous about that. >> i think that ezra is actually even prouder that quite recently a fellow by the name of rush limbaugh called him a rising star. i don't know how to take that actually. [applause] >> what came after that was somewhat less complementary, but you'll never see that -- you will never see the rest of that on the back of my book. don't worry about it. >> next, seated to my immediate right is susan dentzer. susan is the editor in chief of health affairs, the nation's leading journal of health policy. she has been for quite a

[applause] john klein, a staunch conservative, and we are proud we are sending john back to congress.where the voters have been smart enough to send michelle bauman back to congress. they are going to do that a third time. she was a tea party activist before the tea arrived. she is a tax attorney who champions boris state taxpayer'' bill of rights. she has been on the side of the people since she first got into politics. she is the mother of five who made room in her family for 23 foster children. [applause] that is commitment that goes beyond politics. that is commitment that goes to lives of values. when you are looking at michelle bachman, don't tell me conservatism does not have a hard and does not understand health care and family economics. the next speaker here at cpac. please welcome her. [applause] ♪ be >> hello everybody. thank you, senator arlen specter. it i want to say greetings to the majority in the waiting. how does it feel? [applause] we are in the middle of a political bull market. it doesn't feel wonderful? thank you so much to the blogger of the year. minnesota may

we will also have into klein, the new hampshire leader and mike lafferty. they will talk about state and national politics. thank you very much for turning into this edition of "washington journal." we will see again tomorrow morning at 7:00 a.m. eastern. . . >> coverage from the democratic national committee's winter meetings. remarks from house speaker nancy pelosi and live coverage of president obama addressing fellow democrats. national tea party convention in nashville, tennessee. >> and our coverage of the national tea party convention continues tonight with sarah palin's key note address live at 9:00 p.m. eastern here on c-span, c-span radio and online at c-span.org. >> now the democratic national committee's winter meeting with house speaker nancy pelosi. opening remarks from former virginia governor tim kaine. this is 35 minutes. >> we have a wonderful opportunity this morning to hear from the speaker. it's going to be hard to get her away from admirers. a number of the d.n.c. officers and vice chairs are with us today. let me acknowledge them. mik

this is what representative john klein of minnesota told "the new york times." he said "no republican is going to go back to his home district and say, you know what, i was wrong about the health care bill." and isn't that the bottom line, that the president and major democrats want a bill to pass and republicans do not? >> well, look, if people go back to their districts, what's happening now is insurance companies are mailing out letters for premium increases next year. we know in california, those on the individual insurance market got letters that say their insurance was going up almost 40%, which is about ten times greater than health care inflation. so, we know what happens if we do nothing. health insurance will skyrocket, it will crush even further small businesses, it will crush the federal budget. we have to do something about it. i don't think anybody wants to go back to their district and talk to that small business owner who had to drop their health insurance or lay off workers because of the crushing cost of health insurance. >> you know, the presi

at the university of pennsylvania, where he did his research with gerrard ads and lawrence klein.m the horton school of the university of pennsylvania. let's welcome did mark zaydi. >> thank you, governor. thanks n.g.a. for the opportunity to be here today. i am going to speak for three hours -- no. [laughter] 20 minutes sound ok? i'm going to make four points. point number one, the recession is over. recovery has begun. the best evidence of that is real g. -- g.d.p. grew at ançó analyzed -- analyzed rate of 4.9. a year ago when we were meeting, we were losing 750,000 jobs every month. those job losses have nearly abated. i think we have one more month of job loss to go in part because of bad weather, and after that we will start to get positive job numbers. housing market is up 50%. we are in a measureably better place today than we were a year ago when you were meeting here. in my view, a lot of this is related to or is due to the policy response, the very aggressive and unprecedented response by the federal reserve, the treasury, the fdic. through their efforts, and there were

kleine of minnesota offered an -- mr. kl ein of minnesota offered an amendment to rewrite its charter to rewrite its important missions. mr. conaway and his personal interests in audible -- auditable financial statements led to a provision in the bill that requires the intelligence community to focus on its internal financial management and to provide a system that achieves auditibility. madam chair, i believe this bill will provide the resources and the tools that the intelligence community needs to do its important work in keeping our nation safe. that includes collection and analysis of human intelligence, signals intelligence and geospatial intelligence. it includes funds to detect and disrupt terrorist plots, to provide for intelligence support for the war fighters in iraq and afghanistan and improves the recruitment and training of a diverse and capable work force. during my time on this committee, i've had the good fortune to be able to travel and to meet the brave men and women of the intelligence community. both

klein called a speedy process versus open and accountable transparent government and how you balance that to ensure a sense of trust that they're not all idiots on capitol hill. that we can get something done. and i'm afraid that speedy process kind of throws that out of balance. so could you address how that trust in government can be inlayed with our message for reform? >> of course. and, you know, this is a very, very hard thing for people to plans, you know, and you saw it with obama, right? he made this pledge. everything is going to do be open to c-span but, of course, not everything can be open to c-span. there's a reason why your board meetings aren't open to c-span and there's reason why my fights with my girlfriend is not open to c-span. open it to c-span, you have a meeting and then a back room meeting where people make decisions. if we put the age ban two-one, young people will get screwed year. but if -- these are hard trade- offs. the way the media works -- obama challenges republicans to provide answers. the whole point is to get out of when the whole point was to get

larry klein got a nobel prize.keynesian macro model. those were designed in the '70s. i started graduate school in the '80s. at the university of pennsylvania, the models had already been rejected by the literature. and yet these are the models that are creating the sound bites. that does not mean that we think it hurt growth last year, or that we know precisely that the stimulus was a failure and made things wose. it does mean we should have a great deal of skepticism that we know what the right thing to do is. going forward, we have seen the success of some programs i highlight in my testimony. we should trust evidence more than models and the skeptical about what the model say, especially when the model predictions are so at odds with what we see in the literature. >> my gut feel is that the economy has changed, but those models are not as reflective. stimulus is almost always arrive after the recession has peaked and is slow. i think today that we downplay the economic boost from lowering the after-tax cost of