all i'm saying is, i'll go back to mort zuckerman. mort, the index of leading indicators which includes liquidity measures and housing starts and stock prices and jobless claims and manufacturing and consumer goods orders, that thing has risen three straight months. it's a powerful search. historically that's a signal not only of a better economy, but to get the kind of corporate revenues that maria is looking for, mort zuckerman. are we looking backwards or forwards right now? >> i'm not saying the economy isn't getting better. i'm saying, look, if you read michael boxman's column, $320 billion of increased consumer capability of which only $1 billion was spent -- the consumer remains nervous because he's worried about his job, net worth is down. that's going to be something that will contain the economy for a while. >> mort is right. here is the thing. this is what puts that into context. when you come out of a recession, you tend to grow about 7%. >> those are recessions of the past. this is a government-negotiated recovery. >> the

former reagan economic advisor and mark bitner, senior economist at wells fargo and publisher mort zuckerman, chairman of u.s. news and world report. and op-ed of "the economy is even worse than you think." gentlemen, thank you, i know, mort, we pulled you off an airplane and you're wonderful to do this. you wrote a hell of a piece in the journal, which means we're both probably wrong. you wrote a piece about the jobs picture is terrible. we'll get everybody to chime in after you talk. >> we are losing jobs in this recession instead of creating them. we're still losing them at 500,000 a month and 467,000 by the time they're adjusted upwards, which they will be, over 500,000 jobs. this is a huge dropoff in jobs at this stage in the recession. the idea is this is always a lagging indicator. i'm just not sure that this is case, we've had such a dramatic increase so quickly, so many people anxious about their jobs, so many people losing a part of their compensation either because they're on furlough or cutting out some of the medical care contributions, et cetera, et cetera. i just think we are

and i'm joined by my co-host mort zuckerman.eneral, we're focused heavily in the states on the health care ballots whaen is going on with skip gates and the issue in harvard. we know what is happening in afghanistan, it seems to be getting bloodier which you and i talked about a couple of weeks ago. how significant is what has happened in july or while horrific is it kind of somewhat predictable as we step up that's what is expected to happen? >> well, pretty nice summary, carlos. we got another 21,000 troops ed headed in there by christmas and 68,000 u.s. military on the ground and aggressive new strategy to try and use not just the armed forces but also economic development and political engagement and intelligence and cross border operations in pakistan with unmanned drones all to turn around a very bloody situation. we're almost 4,000 killed and wounded u.s. and afghanistan now. put it in context, it was around 35,000 killed and wounded in iraq. so we have a tough year coming up on the ground. the general mchrystal is the be

you are on with mort zuckerman. go ahead, please. caller: hello. it's an honor to speak now, mr. zuckerman. earlier you were talking about the effects on the economy and you mentioned russia. i had actually been looking into that for a whole. well, my main question about the whole ning was, did you notice -- host: let me move on to new eye beeria, louisiana. democrats line. go ahead, please. caller: yes, good morning. i was trying to get on the first issue when you were talking about state budgets. if you go back to the regular administration -- reagan administration when he dedicated all of in double defense budget and cut states. louisiana had to regulate an income tax. moving beyond that, that was a problem with the states and they ever restored the budget. now, moving on to this gentleman here, i am not going to argue any point with him, basically. he's a revisionist, propagandaist of the right-wing neocons and this type of thinking got us not bind we are in. he's trying to revise history. i reject everything he has to say. i'm disappointed in c-span. i mean, the american publ

host: mort zuckerman has two media holds. here's how you reach him. republicans can dial 202-737-0001. our line for democrats, 202-737-0002. and our line for independents is 202-628-0205. you can also send us an email or a twitter message if you'd like and we'll mix all those in during our discussion with him. your latest opinion piece is about u.s. policy toward iran. it's just come out today. and the headline is "the u.s. needs handshakes and an iron fist." you've chosen to wrote robert kaplan where he said this iranian struggle is "now as central to our foreign policy as that for democracy in eastern europe in the 1980's." why did that appeal to you? >> because the great threat to the united states and to the stability of -- guest: because the great threat to the united states and to the stability of the national community really comes out of the muslim world. and parts of the muslim world that are really viewed by a sense of shall we say religious commitment and some would say even fanatic simple but their efforts are provoked by very deep set of

host: for mort zuckerman, next call is from dallas. caller: good morning and thank you for taking my call and for mr. zuckerman, i have been listening to you for a while, previously, you know, on different programs. but you answered my question about why we went into iraq. i thought about this. if the energy was the reason and we haven't gotten anything from it, why are we still there? because afghanistan is where we need to be. can you answer that question? guest: i'm not sure i can answer that question because i'm not sure it's easy to give you an answer as to why we are still there. we are under agreement to withdrawal our forces from the cities as of just this the last couple of days. and we are going to withdraw all those forces. not, i might say, to the thanks of grateful iraqi population but it's a celebtory kind of thing because they're comparing the withdeprall of american forces to the withdrawal of the british in 1920 and 1921. but the british were a colonial power and we are not a colonial power. we did not go there to take

host: go six minutes left with mort zuckerman. now is the next call from texas on our republican line. good morning. caller: good morning. host: your volume is up on your tv. hit the mute button. we are getting feedback. caller: ok. i got it. host: thank you, sir. caller: well, the man hit on this regulation. bill clinton started that deregulation. and george bush went along with it whenever he got in there. seemed like the rest of the media forgot about that. and i do appreciate his comment on that to remind the people of the united states who actually started derg -- deregulation. i am not saying that bush made mistakes but bill clinton did. ncaa. host: thank you. greg from indiana. independent line. go ahead, sir. caller: i am an independent and i like to say i appreciate your views on the government. i have a question about those bond rating agencies. they racesed the most need than anyone on that whole process of $2 trillion going down the tubes. it seems to be there is going to be some suggestions made about that but there s

we will also talk with mort zuckerman and martha raddatz of abc news. after that, an update on the automobile industry with edward montgomery. later, a federal communications commission meeting on access to high-speed internet. the sec will also examine the recent transition to an all digital broadcast tv signal. live coverage begins at 11:30 a.m. eastern. >> this holiday weekend, discover and unfamiliar side of our nation's first president as we are live from george washington's mount vernon estate with an historian and author. join our three-hour conversation, sunday on "in depth." >> now, a discussion on the future of conservatism and the republican party. we'll hear from the indiana governor, ranking member paul ryan, and rich lowery of the national review. >> good morning. i am the director of the bradley center of the hudson institute here in washington. we welcome you to the fifth annual bradley symposium. a special welcome to our nationwide c-span audience. the bradley center is a proud grantee in milwaukee. we are grad -- we are glad to have wi

thank you all, nuriel rubini, mort zuckerman, neil ferguson. thank you all very much. we will be right back. dinner bell sfx: ping ping ping fancy feast elegant medleys tuscany entrÉes restaurant inspired dishes with long grain rice and garden greens is it love? or is it fancy feast? >>> now, for our "what in the world" segment, here is what caught my attention this week. it was the top republican in the senate, mitch mcconnell, talking about health care. >> we have quality health care now. surveys indicate that americans overwhelmingly like the quality. so let's focus on access and cost and not try to scrap the whole system. if you look at the surveys and ask the american people what they think, they don't think quality is a problem. they think cost is a problem and access is a problem. >> very interesting point, senator mcconnell, but not exactly right. there is a gallup poll that says only about half of all americans are confident in their country's health care system. in fact, in all major advanced industrial countries, people have much more confidence in their med

we will also speak with mort zuckerman and martha raddatz. after that, an update on the u.s. government's role with edward montgomery from the white house lawn at the u.s. automobile sector. later, a federal communications commission meeting on access to high-speed internet. the fcc will also examine the recent transition to an all digital broadcasting tv signal. live coverage begins at 11:30 eastern. >> now we discussion on the future of conservatism and the republican party. we will hear from indiana gov. mitch daniels, house ranking member paul ryan, and rich lowry of "the national review." gunston -- the hudson institute hosted this event. >> ok. good morning. my name is bill schambra, and i am director of the bradley center and washington. christa schaefer and i welcome you to the fifth annual bradley symposium, entitled "making conservatism credible again." a special welcome to our nationwide c-span audience. as are many groups represented this morning, the bradley center is a proud grantee of the blind and harry bradley foundation located in milwaukee. we are pleased t

. >> mort zuckerman says it's time for a second stimulus. first chuck todd with the latest headlines out of the white house. you're watching "morning joe" brewed by starbucks. announcer: welcome to the now network. currently, thousands of people are enjoying the new palm pre from sprint. its revolutionary web os allows multiple applications to run at the same time. - ( thunder and rain ) - millions are using the simply everything plan. - each is saving $1200 over an at&t iphone plan. - ( cash register dings ) together that's billions of dollars. enough to open a dunkin' donuts in space. from america's most dependable 3g network. bringing you the first and only wireless 4g network. get the palm pre. only from sprint. only on the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. get the palm pre. only from sprint. only on the now network. ♪ ♪ which one's me - for a cool convertible or an suv? ♪ ♪ too bad i didn't know my credit was whack ♪ ♪ 'cause now i'm driving off the lot in a used sub-compa

there's an op ed piece by mort zuckerman in "the washington post" this morning saying the economy is much worse than people realized. is it too early to say, or is it possible that this administration just didn't get this right? >> you know, i kind of agree with joe biden in this sense. i think the economy was worse than they said it was, but maybe they didn't want to say how bad that it really was. maybe that's the question here. but i mean, you know, you can go around and talk about wors ads all of that, but when you come down to it, the economy is in terrible shape. it was in terrible shape. we've gotten the credit markets back a little better than what they were. but just as far as the impact on these people's personal lives, they're not seeing any improvement yet. what barack obama has got to see here, he's launched all these programs, but people need to see that they're having some impact. >> and very, very quickly, will this worsening economy make it harder for this president especially to get healthcare through? you said yesterday he was nominating his surgeon general, don't

when i'm in maximum trouble, i always turn to mort zuckerman of "u.s. news and world report."bout. how close have you followed the gates case? >> i have followed it closely. i know skip gates for, i don't know, 30, 35 years. he's an d

this is mort zuckerman. vice president joe biden was right when he said a week ago the administration misread how bad the economy was and how effective the stimulus would be. it was supposed to be about jobs but it wasn't. the recovery act was a single piece of legislation that required thousands of funding schemes for thousands of projects and the programs are stuck in the bureaucracy as the government releases the funds with typical inefficiency. >> this is what i'm worried about because i have to tell you, a second stimulus, i don't think that would be very popular. >> people are talking about tax reform, leading democrats are saying there needs to be a value added tax. >> is it fair to judge the stimulus effects right now? >> yes, there's talk of a second stimulus, health care -- the president has one choice, has to make it all about a national crisis that he's going to solve moving big pieces around. has to engage the public. there's not a crisis atmosphere in parts because they are playing it down. >>

mort zucker man, chief man of u.s. news and world report. zimmerman and zuckerman, america's favorite duo. walt, let's start with you. can we look at the debt we have. we just broke through at june more than $1.1 trillion for the first half of the year. can you give me some significance to that? >> well, you know, when you can't afford something but you want it, you go into debt. it's how this country has worked for a long time, at least the last 20 years. it is how the rich american family works. nobody thinks twice about going into debt, and it's a sign of weakness. it's a sign that this country doesn't have the same power it used to have, and it's a big cost to us all, because the government is going to have to borrow money to fund that debt. they are going to crowd the credit markets. interest rates are not going to go back down. that's going to impair -- glenn: when interest rates go up and all of the good loans that are out there reset, what happens? >> well, you have a massive amount of mortgages that still need to be reset. glenn: bigger than what we just reset? >> much, much bigger. glenn: and these are the

zuckerman says, that may be your opinion, mr. chairman, but the statistics don't support it. the idea that the economic recececen has reached the bottom is contradicted by critical u.s. unemployment. mortes in tuesday's "wall street journal" that job losses in june add up to 467,000 for june alone. almost half a million. the total number of jobs lost since the recession began 20 months ago in december 2007 is job losses may last well into 2010, he writes. to hit an unemployment peak close to 11%. that rate may be ose to 11%. that rate may be sustained for an extended period. add those whose hours have been cut to those who cannot find a full-time job and the total unemployment rises to 16.5%, purting the number of involuntarily idle in th as paychecks shrink and disappear, consumers are more hesitant to spend and won't lead the economy out of the doldrums quickly enough. of the doldrums quickly enough. does that sum it all up? >> well, it certainly sums up a big piece of it, because i think unemployment is gonna be a critical factor as we go forward. even the federal reserve and president obama this week also acknowledged that unemployment is gonna continue to go up and it's gonna exce

zuckerman. many of younow him as the chieeditor of u.s. nws and world report. i amlso joined today by msnbc political analyst pat chanan. d so, mort, i'm ing to start with you. first, good morning. >> good morningo you. >> so how surprised we you about sarahpalin's decisionnd is it an act of political genius for all the critiquethat we hear? >> if that isn act of potical genius, i have to say to yo then i consider myself to be a political genius. i thinkt is one of the-- i haveo objections to r decidi to whdraw from politi. but an act of political genius one ofhe most incorent rambling unfortuna atements. if whater her asons, i'm sure she reayas sensitive to the attacks on her family as a part of it, it's the ong way to do it. this i not somehow or other i ink her making national politics not the natural platform for her. >>at buchanan, want to bring you in here becauseou old friend, bi crystal, said she mae crazy like fox there could be polical genius invo here. she could stand make a lot of money and posion herself for a more serious 2012 run than she coulhave if you were isolated up in alaska. yo thoughts? >> i think there's a