. >> sie: we continue to get conflicting data about e onomy, and people want to know, is t economy nooing better or is it still in trouble? >> i think it's pretty clear that the economyas begun to grow. it lookss to like we' have increased at a 3 to 4% pace thisuarter. that's aretty strong pace. coming off adeep recession. but i think we have to realize that we're tting growth off a very narrow base, we're getting some hp from mafacturers having cut back too far, similar to buiers and we have me incentives the auto a housing iustry. and we're not yet on a fully sustainable growthace. in addition we're coming off of such big lows in terms of the cession, terms of h high unemployment is, how serious credit problemare going to b that we're goi continue to have bad news here on a nber of fronts, eve than as we see theconomy growing. >> susie: l me pick un me of those points. the housg data, are home prices doing better becae of ndamental improvementsr becae of those tax credits fr the government for first-time home buyers? there's probably a little of both. and there'srobably also an issue he

talked about for the last several months to reduce theverall strain that alth care is placing on our onomy, on amecan business, and on the federal budget and state budget but let'sstay at the table until we finish the job." >> ros could public option have been sold more effectively? >> well, youknow, as i said charlie, i think that for people who rrently have the public option, pele on medicare.... >> rose: right. >> people who have v.a., they like it a lot. the qualityor the.. if you ask e public whether they...how they feel about their own coverage, you lk at medicare, yolook at the v.a., it has higher percentagof approval than people in prive sector insurance. so, you know iteems to me that rher havingone off on this... maybe the esoteric of whathe public plan.... >> re: but does your rational and practical and politic mind tell you that it coulhave bn sold? because you have that idence and the exhibits onour side. >>ell, you know, i... with 0/20 hindsight probably weould have all done a little bit better job of both selling what i think ought to be in the final packagand i think perhap

insist on waiting untithe level of real tivity has plaly and substantiay returned to normal, and the onomy has obviously return to self- sustainingrend growth, they wi almost certainly have waited too long. >> reporter: warshad many on wall strt scratching the heads. that's mostly beuse it was a 180-degree turn from wt the fed sa wednesday after its meeting on interesrates. pocymakers said economic conditionsre likely to warrant exceptionalllow rates for an extended period. why warsh publicly contradictinhis boss, fed chrman ben bernanke? ecomist chris low says no one really knows, investors should take the commen at face value. >>t looks like a senior ficial at the fed sending th message, that en though it's nonecessary right now, the markets should prepare at me point for fairly aggressive tightening. >> reporter: economist bob brusca says dissensiont the fed is normal; the way war is publicizg it is not. i don't know if he has political aspirations. i don't know if he just nts to draw some tention to himself. maybe he's thinking ofaking some headlines a points about indendence so he can

let us do our best diversify the onomy, indurialize, and move to a knowledge societ eventually. >>usie: what are you going fos on? what will be the bigge growth industry outside of oil ultimately? >> nber one is food. number twos water. number three, believe it or not, is energy and environment. these are ththree areas of focus. no why do i say energy? >> susie: let's talk a little bit about l. we've seen oil prices this year as low as $32 andot longgo as high as $7. what do you thinis the right price for oil? >> we believe thatround $75 is a fair price for the oil producers, the consumer. why do i say 75? now,o produce some of the hydrocarbon sources requires a price which rewards the investors. some of these invements need a pre between $60 and $8 d that's why woe chose a fr ice of around $75. susie: some people would say $75 is not the optimal pre becausthe dollar iso weak, and so to compensate for at, the price should actlly be high. what do you say tothat? >> of course the is some uth to that. tually, in sai arabia it wodn't make any difference. >> susie: do you see price g

as you mention, their stimulus program is much bigger rative to theize of their onomy than ours. anwith a still importantly ntrolled economy, is had a bi impact and t rest of the worlisn't buying so much of their stuff andthey're imrting more so their surplus has disappeared. not disappeared. halved, maybe. >> rose: right. but i don't think there's been much proess toward that basic habit of consumption the chese are not ud to consing a lot. they have a lot me than ty used tout the populatio... >> rose: thehave more money to spend, but they're not. >> thas right. >> rose:hat about us saving >> recessions e supposed to b rative. >> rose: right. >> think had some curative aspect. viously with the loss of rsonal wealth, the loss of paper wealth, the ss of housing valu in the united states people ar waking up to the desirability of doing a litt more ving. so thesavings rate i going up. it'soing... i don't know if it's as high as i should be but it's getting much closer to that. thquestion is, will tha remain so as peop feelbetter when t economy recoveries. that's going to be tough. >

china once had univerl health care, but the changes that create a market onomy also saw e introductn of a multteared and highly confusing health system. a deceralized, part pratized, sometimes government suidized frankenstein. it's very difficult to keep track of over a billion people's situations, but what information we have suggests the majority of chinese have no choice, butto pay entirely ou of pocket for doctors and hospitals. >> here's justne emple of the problems with medicalare in china. access. nightmarish long linespot night. some people waiting for as many as ten kays just to the see a specialist. i thk the major challenge is making sure people haveccess to high quality services and so that access tranates into beer health and higher risk protection. >> iernaonal class medal care is, availab, but only f the riest patient the. everyone else cannot know u're sick. e health care system is one of the main reason ye the downry has such high savings rates. th government recognizes the need for reform. so i's pledged t reintroduce universal health care, butthat will take ars and

they're trying to make a link abouthe tentative success in the onomy and hopefully with health care. >>iven how bad the economy has been and the health care debate and energ is there a fling that they took too much really at this point? gwen: and is that theasic fear ong amerins that we' hearing now? >> ihink that is the basic fear that sort of the center of the electorat has. ople who were drawn to obama because of his positiv message for change, optimistic for a fferent kind of politics, i don't think they were prepared for the lume of activity from this administration. some othat had toome. you had to dea with the economy. their arguments if you're ever going to get the enomy right you have to x healtcare. you can make a strong argument happing swuns and that is a basic underlying, eve to people who are stl sympathetic to it, do you have to go thi fast? >> don'tover healtcare but having covered wars for this ny years, i have noteen the passion for the war that you see for health care. it's so incredibl personal. i think wh people says afghanisn possibly obama's vietm? i think not

the energy to get the onomy humming agn. thenergy to tackle challenges like cmate change. wh is that energy came fm an energy compa? everyday, chevron vests $62 million in people,n ideas-- seeking, teaching, buiing. fueling growth around e world to move us all ahead. this is the power of human energy. chevron. >> this is the enge that connects andant grain from the american heartland to haran's best selling wheat, while keeping 60 billionounds of carbon o of the atmosphere every year. bnsfthe engine that connects us. intel. supporting math and scnce education fotomorrow's innovars. >> and by wells fargo advirs. together, wel go far. and by t alfred p. sloan undation. supporng science, technology, and improved economic performance and fincial literacy ithe 21st century. and with t ongoing support of these institutions and foundations. and... this programas made possible the corporation for public broadcasting. d by contributions to your p station from viers like you. thanyou. >> lehr: the debate over a government run health plan reached a criticaloint today. seral senate de

this is a very diverse group of onomies from so e ct that they could agree even o some geneal principlesithink it is quitan accomplishnt. but whether we can get agreement on the specics, of course,till remainshe key issue. >> report: let's walk throh a few of those things. start with the one you ju mentioned. the first one is the 20 t of the-8 and paul talked out that. and he was qoting jeffrey sacks, sort of an hisric moment is that goodmove forward. >> its a good move forward. the g-7, the instrialized countries isave become an an ago rh. hey used to dominate the world ecomy. they don't a more. emerging marks are about half of world g. they do need to be athe table, no qstion about it. the problem when you ring them into the ditch kitchen that is a l of cooks and can theygree on anything more an pretty geral framework. we certainly need aot more than that for example arnd theegulation of banks b yo didn't see today an concrete prress in that kind ofirection. >> reporter: did you seat least having them at the table as an portant step. >> ihink it's very important for them tobe at the tab

how dide inur global onomy ghetto that siation? >> well, i think two facts interacted. one is t global economyitself was quite unbalanced. we've talked abouthat before. the united stas for ten years has been a very high consumptn economy. it gave up on savings, basically it didn't do much historicly in terms business investment. and to satisfy ouronsumption habits, whichave required a loof input, we importe a lot, we financedthat sending over dollars which ce back to us in the form of short-term financing in all markets. now, the ease of that financing helpedfacilitate a lo of nancial shenigans. >>ose: yes. >> and ashey built up over time, you know, one of my favorite cplaints is fancy financial engineeringe got duringhiseriod whe some very sma people thought they had nage the complexitys of the market to theoint that the riskwere not great. theyad been redistruted in a way that wou not psent a challenge. and the market came under prsure, that did not prove to be the case. and i thin that combination of the kind of confidence, the facade of confidence which are develope

lehman brothers collapse cans t markets go into a free fall that the fundaments aft economy -- of the onomy are sound? >> host: obama seems more serious than mccain, kuhn what i mean? -- do you know what i mean? >> guest: i think john mccain believes he was forced to take positionse really doesn't believe. drill, baby, drill. not john mccain, really the first green republican in the past 25 years in the senate to step forward and do, to make some great steps forward on the green issue. but barack oba seemed like the safe choice. now, when i say that, there are a lot of my conservative friends and my mother said how can you say that? again, i'm not lking through an ideological lens. thbs -- this is abo temperment. it's about russell kirk talking about how conservatives conserve, how conservatives establish social order and how americans don't want you darting too far one way or another. >> host: answer this as a guy who works on tv and cares about how things look andeem and the impression given. sometimes i think the world and america understood george w. bush to be right wing world super co

chavez has now military or onomy influence.try that has migration, economic and cultural influence is the u.s. but they have used chavez name to say that due to chavez's influence, that's why the coup took place. but chavez was just socially with programs. these are the main elements that precipitated the coup. the effects of the coup have been extraordinary. this is the first time the whole un, president of the un contacted a coup publicly. the obama administration could do other things, but we believe that there is more to be done. i will be meeting with secretary clinton tomorrow, and we will have an opportunity to discuss some ideas tht need to be developed, that they -- president had a role of mediation. that document was created and the pro-coup do not accept it. that is a challenge. the document seeks assumption and a small group of those pro-coup in honduras that have excepted and is rejecting it. i think that the first country in the world cannot put it prestige on the line and submit to a small group of people that ar