in his new book,s, "civilizatio" niall ferguson without his theories. thank you for joining us. are we done for? >> not necessarily. this is not a case of irreversible decline. we have to get our act together. if you think about china, india, brazil, it is also partly to do with us doing things worse. not just politically, but economically, too. >> is there a sense of what we have seen this year is the limit of governments? no matter how much money you put into the system -- president obama as a case in point -- that stimulus package had a small effect on the margins? the financial markets have a disproportionate amount of power. >> if you think 500 years ago, it was not governments that caused the rise of the west to happen. they made the west for ahead of the rest. it was not keynesian fiscal policy. these measures that have become part of our lives are essentially 20th-century inventions, cooked up in the 1930's an 1940's. in fairness to today's politicians, they've done a better job dealing with the fiscal crisis than their predecessors in let's say 1932. but you have to rem

in his new book, "civilization," niall ferguson without his theories. thank you for joining us. are we done for? >> not necessarily. this is not a case of irreversible decline. we have to get our act together. if you think about china, india, brazil, it is also partly to do with us doing things worse. not just politically, but economically, too. >> is there a sense of what we have seen this year is the limit of governments? no matter how much money you put into the system -- president obama as a case in point -- that stimulus package had a small effect on the margins? the financial markets have a disproportionate amount of power. >> if you think 500 years ago, it was not governments that caused the rise of the west to happen. they made the west for ahead of the rest. it was not keynesian fiscal policy. these measures that have become part of our lives are essentially 20th-century inventions, cooked up in the 1930's an 1940's. in fairness to today's politicians, they've done a better job dealing with the fiscal crisis than their predecessors in let's say 1932. but you have to rem

you have niall ferguson on earlier.ee a third party, whether or not that's ron paul, michael bloomberg, who knows. >> it's going to be an exciting year. hope you spend time with us in 2012. >> as long as people wear red sweaters. >> it's christmas eve. merry christmas. >> halloween. he thinks he got a red sweater. it's orange. >> christmas, happy holidays, happy hanukkah, merry christmas. >> tune your tv sets. nothing says christmas like orange. >> also my halloween sweater. >> good to see you guys. happy new year. 2012 was a rough year to figure out investments. it is about to be a new year. we're going to help you figure out the right 2012 approach to "your $$$$$." next on "your $$$$$." you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? no problem. you want to find a place to park all these things? fuggedaboud it. this is new york. hey little guy, wake up! aw, come off it mate! geico. saving people money on more than just car insurance. this was the gulf's best tourism

you have niall ferguson on earlier. nominee you could see a third party candidate, whether that's ron paul, michael bloomberg, who knows. >> it's going to be an exciting year. hope you spend time with us in 2012. >> as long as pete will wear red sweaters for christmas. >> it's christmas eve. merry christmas. >> halloween. he thinks he got a red sweater. >> this is my christmas sweater i want to wish our viewers happy holidays, happy hanukkah, merry christmas. this is a chris may sweater. >> tune your sets to make sure it doesn't look orange. >> it's also my halloween sweater. >> good to see you guys. happy new year. 2011 was a rough year to figure out what to do with your investments. it's about to be a new year. the right approach to your money next on "your money." cushiony . uh oh. i gotta go. [ female announcer ] and with charmin ultra soft, you can get that same cushiony feeling you love while still using less. charmin ultra soft has extra cushions that are soft and more absorbent. so you can use four times less ve

also niall ferguson will be here. and in a few minutes donny deutsch. but first, let's go to weather channel meteorologist todd santos for a check on the forecast. todd? >> hey there, mika, very good morning to you. we have 340 days to go till the election, let's start with sunshine. all the way into the southeast, does make for a cool morning for many of us. a lot of areas, upper 30s to low 40s, back down towards d.c. at this hour. there's a look at it for this afternoon. cool down into portions of florida. 55 in miami right now. and i should mention the southwest if you're flying in that direction, we could see gusts in los angeles upwards of 40 plus miles per hour today that will elevate the fire danger, bigger winds in the mountains. some of these high-wind warnings into the daytime on friday. we'll check in again with the winds and the forecast of the rest of the country coming up. you're watching "morning joe." we're america's natural gas and here's what we did today: supported nearly 3 million steady jobs across our country... ... scientists, tec

. >> this weekend on "after words" economist and historian niall ferguson. saturday at 10:00 p.m. eastern and sunday night at 9:00 p.m. eastern and pacific. and craig shirley looks at the japanese attack on pearl harbor and the reaction by the american government, military, and public. saturday at 1:00 p.m. and again at 9:00. and journalists and former judge catherine crier on how partisan politics is affecting the country. her new book is about what americans was due to save the republic. watch book tv every weekend on c-span2. >> "washington journal" continues. host: we are back with congressman paul tonko, democrat from new york and member of the budget committee. let's begin with the payroll tax holiday, whether to extend it in 2012. you saw senator casey, to the floor but the senate democratic proposal and house speaker john boehner is working on his own plan to put on the floor. it would include an extension of unemployment benefits. let me start with the house. could you both for whatever speaker boehner puts together if it includes an extension of an unfunded benefits as w

professor niall ferguson, thank you very much for joining us here today.ncer ] if you think tylenol is the pain reliever orthopedic doctors recommend most for arthritis pain, think again. and take aleve. it's the one doctors recommend most for arthritis pain... two pills can last all day. ♪ the new spark card from capital one. spark miles gives me the most rewards of any small business credit card. the spark card earns double miles... so we really had to up our game. with spark, the boss earns double miles on every purchase, every day. that's setting the bar pretty high. owning my own business has never been more rewarding. coming through! [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? >>> it's time now to clear the air. and rick perry, having failed disastrously in the debates, and having collapsed in virtually every poll, has in utter desperation re-heated one of the most tired and redundant narratives t

. >> rose: niall ferguson, simon sebag montefiore and john loengard when we continue. captioning sponsored by rose communications naill ferguson is here. he is an economic historian, he is a professor at harvard university, he's a former history professor at oxford iversity. his opinions on subjects ranging from colonialism to the economic crisis have been met with great and and controversy. his new book "civilization" considers western civilization's rise to global dominance and its futu. i am pleased to have naill ferguson at this tle. tell me, ist over for us? >> not necessarily. by i tell you what is over and that's western predominance. i think that assumption that guys like us should rule the world-- which has been around a long time-- i think that's over. and when you consider that it was 500 years in the making that basically for half a mill leb yum people like us got richer, more powerful, taller, healthie than everybody else. i think that's over. i think that sense we're enring a new era in which there won't be a natural weste ascendancy that people like us ta

. >> up next -- >> niall ferguson is here with us also, david gregory.gned her credit card - "buy books, not beer!" ♪ ♪ut the second at she shut the door ♪ ♪ girl started blowing up their credit score ♪ ♪ she bought a pizza party for the whole dorm floor ♪ ♪ hundred pounds of makeup at the makeup store ♪ ♪ and a ticket down to spring break in mexico ♪ ♪ but her folks didn't know 'cause her folks didn't go ♪ ♪ to free-credit-score-dot-com hard times for daddy and mom. ♪ v.o.: offer applies with enrollment in freecreditscore.com we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. so i used my citi thank you card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? we talked about getting a diamond. but with all the thank you points i've been earning... ♪ ...i flew us to the rock i

. >> this weekend on "after words" economist and historian niall ferguson on how western civilization has come to dominate the world and it's possible decline. also, craig shirley like -- looks at the japanese attack on pearl harbor. saturday at 1:00 p.m. and again at 9:00. also, a journalist and former judge catherine crier on how partisan politics are hurting the country. her new book is on what americans must do to save the public. watch book tv every weekend on c-span2. >> pay a dollar an hour for your labor, have no health care, the most expensive single element, have no environmental controls, no pollution controls, and no retirement, and you don't care about anything but making money, then there would be a giant sucking sound going south. >> ross perot spoke out about trade issues in the 1992 presidential debate. the billionaire businessman made two attempts at the presidency. the first time getting over 19 million votes, more popular votes than any third-party candidate in american history. although he lost, he had a lasting influence on american politics. he is our final cand