mort zuckerman said that the reason he wanted a tax increase is because you had to do that to get thending cuts, and that is the reasoning of 1982, and the reasoning of 1990, but both failed budget deals where the tax increases were real, and the spending cuts were phony. what we learned in this, and that's the good news is that you don't have to raise taxes as part of some deal. what you can do is to focus on the problem. too much spending. and that's exactly what we did. it was bipartisan, and you saw quite a number of democrats in the house vote for it, and the president says he is for it, and he is a big democrat, and democrats in the senate will vote for it. we have a bipartisan spending cut. >> and here is the thing, grover. i have listened to you espousing this for a few weeks and you have had a good day today. and my point is both presidents reagan and clinton raised taxes in slow economies and went on the have good economies and nothing this principle intrinsically wrong with it, and my issue with your implacable position is at what point does it stop being implacable, and at

>> i disagree with mort.if the mandate is ruled unconstitutional, the rest of the bill can stay in place and candidate barack obama actually opposed the mandate. his argument boeing that with the insurance companies getting all these new customers, they can a afford to have affordable premiums, and people and don't have insurance, they will then pay a penalty. so there will be a built-in penalty that is mandated so i think -- plus the fact states are enacting all the machinery for this health care plan is being put in place. >> it's a three legged sword. >> why is a three -- >> because the bill mandates that heal insurance companies cannot say no to people who apply. it limits the degree to which it can charge higher rates to older people and younger -- lower rates to younger people. so if you don't force young people into it, then young people won't buy the health insurance. then the rates will go up even more. so then more young people will pull out. if you don't -- you have to force young healthy people in

will this split egypt's new democracy into warring factions, i ask you, mort? >> no, i don't think it will. i think there is certainly a military faction and it is really a key part of that economy and the key part of the political structure. but they're behavioral now protecting themselves. and this is part of the process. this would never have happened whether the acknowledgement of the military. so i think that there's going to be in fact the unification vast majority of egyptians now resent mubarak and sons because they accumulated so much money some this will help the government in a sense, not hurt. >> lets digress to syria, directly connected. as most of my questions. >> most of them are. >> what is the connection between this and syria? you think when assad's son, what's his first name. >> bashar. >> sees hosni mubarak caged as a prisoner i believe, not for his protection but because he's in a prisoner, he's flying in from sharm el-sheikh. do you think assad is now determined to stop this rebellion despite the fact he's slaying so many people, particula

mort? >> we don't know whether perly will pass the normal reviews of a national press corps, butly say this -- he has done the best job and that state has done the best job in creating an environment attractive to business and jobs in the economic development. i think he's -- it's not just a last couple years where -- he created something like 40% of all the jobs in america for the last five years, in texas. so that is going to be appealing at a time when we have a huge unpromise in the country and in that sense in terms of the country being interested in economic development, they see this as another alternative to -- >> do you agree with mort, richard? >> that will be his narrative, strongest point. he'll be able to steal from the establishment support from romney, tea party and evangelical support from bachmann, and step on pawlenty's message of being the governor with results. problem is, and it's not a problem in the republican primaries is can you elect another texas governor? in geor

because the business community -- prosperous folks out there like mort here, they want some stability. they want some predictability, and right now what we've got is question marks here as to whether or not that 40% of our budget -- [everyone talking at once] >> we have a dysfunctional government that has to address -- >> you mean the illusion of dysfunction at? >> the herrer -- it's an art fish deal. it's an artificial argument! >> you joined the tea party, that's artificial! >> no, no. i'm not associating myself with tea party at all. i'm just saying that this is the clever way of submerging these awful stats that i just put on the board! >> downgrade >> i think the biggest problem the country has right now is not the budget deficit. i think the biggest problem the country has right now is the jobs. >> unemployment is the biggest problem -- >>> question, how many jobs are needed to be created to restore full employment bit end of this decade? 2020. i ask you, pat. >> 10 to 15 million. because we've got a labor force that is growing at the same time you've got something like 24 milli

cloud and fog moving on shore and more of that high pressure that has been sitting over the desert mortwest. bringing thunderstorms. that's breaking down somewhat and heatedded eastward. we are going to see more shine tomorrow. over the next few days, the temperatures will start to cool off. 8 p degrees. getting on the mor side. 76 in freemont. o to 60s with aa in brent wood. 87 degrees in antioch. 69, a pretty good sea breeze late in the day into berkeley and richmond. a z you look toward the north bay, we'll keep the temperatures cooler. some 50s and 60s. as you head to the valley, you'll be up into the 70s, mostly sunny skies in toward the afternoon. look out over the last few days, it's cooler than normal, but nice temperatures. that's going to watch things bottom out. highs in the warmer spots only in the mid 80s by thursday. the good news s we look towards next weekend. temperatures getting near 60 spots. >> this is a pattern to be in. not too o cool, not too hot. just right. >>> something to look forward to. thank you lauren. >>> almost 40 years since he jumped into an electrical

we'll bring in the mayor of jerusalem, nir barkat and mort zuckerman. great forecast, finally. >> a gorgeous weather pattern out there. i'll take a second to talk about the hurricane season upcoming, a tropical season. we haven't had a hurricane yet. that peak period is from august to the middle of october. the next two months is where we ratchet it up, get the big storms. look at the tropical basin, right now, all is quiet. we have probably at least another week until any storms would get close to any land areas, talking about the caribbean, or the united states. we're going to join this quiet period while it lasts. by this time next week, things will be a lot more active. joe mentioned electronic it ee gorgeous forecast. you love 80s after the 90s. 90s and 100s all summer long. this is great weather from indianapolis to st. louis, detroit, chicago, minneapolis, kansas city. texas, still in the 100s, that looks to continue into the weekend. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um.

bright spots were lower oil prices and mort rates. 13 and 15 year mortgages approaching lows as investorsy into bonds and there are retailers saw a gain in sales, reporting a 4.6% increase in stores opened after the least a year, helping drive sales, analysts worried retail will not sustain the momentum once back to school shopping is done in august, and september. and there is one area seeing a boost is the luxury market that saw a

them black comics, but lenny bruce, mort saul and be dick gregory were very important in establishing that kind of critical social humor in this country, and then after they did it, other people came along, and black humorists, particularly richard pryor, combined the rawness with the social commentary. made huge strides. opened it up entirely for people. and the writing is kind of interesting also because they're, blacks have been kept away from writing satirical books. if you look at the literature of african-americans, there were only a few books that even touched on satire up until the 1900s. i think charles chestnut used humor first, and then you have james wheldon johnson, i guess, with the autobiography of an ex-colored man. you don't get anything again until the renaissance, langston hughes, and, um, hurston, those people come along. but they opened up the stage for the kind of writing that you people are doing when you're actually dealing with humorous writing because it's very difficult to do. >> well, you know, i'm glad you bring up dick gregory because dick gregory, to me,

you thought captain mort was a guy in a cape on the bottom of spiced rum? no! was he. several crates have been discovered in the hull, so it has yet to be opened. that is very exciting. >>> and there they are -- again. you saw how the kardashians created a new fashion line for stores yesterday. now, for the next two days only, the next pieces are available on sale at sears.com, the kardashians' collection features the girls wearing pieces from the line which they describe as affordably fabulous. >> and finally, remember, nobody puts baby in a corn. corner. baby is back! though it won't be jennifer grey reprising her most famous role. the 1987 classic "dirty dancing" is being remade by "high school musical's" kenny ortega. he was the original choreographer on the film. no word on who would play johnny castle either but i would not want to be the actor who has to follow patrick swayze, the great patrick swayze in that great role and that, everybody, is the pop news heat index. >> one of those classic lines, nobody puts baby in the corner. >> that's right. >> and

from dart mort and his m.b.a. from the university of chicago and finance. he's a member of the investment company institute and he also has served on the trading committee of the securities industry association, securities industry and financial markets association, and the aimr best execution task force. so you can see all these participants are very much into the details of this subject. dd >> in favor of the tax on financial transactions, dean baker is a widely quoted economist here in town. he got his ph.d. in economics from the university of michigan. he is presently co-director of the center for economic and policy research in washington, d.c. he has his own programs on the internet. his blog, "beat the press," features commentary on economic reporting, and his analysis appeared in many major publications, including the "atlantic monthly," "the washington post" and the london financial times. he's written several books, one called "taking economics seriously." it's really an attempt to clarify the principles of economics, and, as he put it, to take aw