paul krugman, how do you read it? >> there's not much news here.is still a picture of a labor market going sideways. so if you believe one survey wer's adding jobs at a pace that if continued would bring us the full employment around the year 2030. if you believe the other survey things are getting a little bit worse because job growth isn't keeping up with population this is not progress. it's better than a big negative number but it's not good.ç >> woodruff: dougç holtz-eakin, not progress. >> certainly a glass that is neither half full nor empty. i mean we saw top line job growth, that's good. we saw wages grow, that's good. we saw hours grow, that's good. but as paul pointed out, in the household survey we saw a quarter of a million people give up and quit looking for work, drop out of the labor force. we saw 330,000 jobs lost. and if you looked inside the places where employers reported adding payroll, it was largely concentrated in health and education. this isn't the kind of broad based job growth you need to declare victory. >> when you l

. >> nina, paul krugman says that if the election goes as expected, be afraid. should we take his advice? >> i am already afraid. it is not like the government is going great. i don't know whether i should be a free, but it will be gridlock. -- whether i should be afraid, but it will be gridlock. >> evan, a future historians may say this will be a catastrophe for america. you are a historian. would you say that? >> no, but it is kind of a joke. it is, in a dark way. paul krugman is a professional doomsayer, so you have to take up with a grain of salt. but the political system is a mess. >> jeanne, how bad for democrats, how good for republicans? >> most political prognosticators are looking at the 40 they need to take the house, and maybe as much as 60 and even a little higher. there were about 100 seats in play, and there was a point where some of the predictors thought it was going to be a tsunami wave, and they recently have been pulling back, because the democrats have made up some ground with the gis as some gap. it is big, -- with the enthusiasm gap is big

and all the week's politics on our roundtable with george will, "the new york times" columnist paul krugman, robert kagan from the brookings institution and ruth kagan from "the washington post." >>> china is expected to overtake the u.s. as the world's biggest economy in the next two years. americans couldn't believe it. they're like, that hasn't happened already? >>> and hello again, by the time air force one lands in washington this evening, it will have flown around the world. a world that is fast changing as the president found out during his ten-day trip to asia. abc's senior white house correspondent jake tapper has been with the president and brings us this report. >> reporter: rebuked by american voters and reminded to focus more on the economy president obama began his asian trip talking about as a sort of international stimulus to open markets to american goods and bolster american jobs. >> we're actually doing business we're here. with every 1 billion we sell in exports 5,000 jobs are supported at home. for america this is a job strategy. >> reporter: in mumbai flanked by americ

no of course because they're advised by someone monkeys like paul krugman now that makes no sense their model of courses is on sustainable and the u.s. dollar of course is going the way of the dodo and. the new gold backed world currency is coming on board even alex jones knows this. all right stacie over thanks so much for being on the kaiser report thank you max don't go away much more coming your way so. welcome back to the kaiser reports i'm not to go to new york and talk with commodities expert kevin carey who is author of a new dragon's metal report china's resource monopoly on the world's growing resource addiction kevin care welcome to the kaiser report good to be here thank you all right can care rare earth metals have been all over the news lately thanks to china's bull brief ban on exports tell us what are rare earth metals well they're basically the seventeen elements you were told in high school didn't matter they're the ones at the bottom of the your attic table but you know more importantly they're in things we use every day and we don't even realize that a lot of the ele

bureaucracy of bob zoellick is a bureaucracy monkey he will be part of the new bureaucracy and paul krugman and and nouriel roubini and other academics will be on the board of directors and these are all paper bugs but they can't escape the fact that without a gold component there is no hope and medvedev of course in a fabulous mosque gallagher stands as do you understand the truth well the other reason why this is being announced of course is that america i guess everybody's been noticing since two thousand and eight that essentially the u.s. empire is over. and we see this like who we see this in the headline america's economic suez so this is the moment when the u.s. introduced quantitative easing without coordinating with any other nation south africa germany china brazil all came out immediately and condemned the u.s. for this movement they are standing alone young brazil what a shocker they really because brazil's the i.m.f. quite a number of years ago now to go stuff it they don't want to be debt slaves to the i.m.f. so now they're running the show well here's a quote from brazil's f

no of course because they're advised by someone monkeys like paul krugman now that makes no sense their model of courses is on sustainable and the u.s. dollar of course is going the way of the dodo and. the new gold backed world currency is coming on board even alex jones knows this. all right stacy over thanks so much for being on the kaiser report thank you max don't go away much more coming your way. this is just a parliament building in. the. sixty's for. the final target. to me from some from the army. it's country became the symbol in the form of financial sort of. victory where nazi germany. goes so many years of. some song and prisoners. are still a lot. as well for sure. those so many years and. some are hoping to find the same. others take their executioners longing for justice. those so many years of past. memory is still in my eyes as well. as country. welcome back to the kaiser reports i'm not to go to new york and talk with commodities expert kevin carey who is author of a new dragon's metal report china's resource monopoly in the world's growing resource addiction kevin c

no worse because a revised someone monkeys like paul krugman now that makes no sense then their model of courses is on sustainable and the u.s. dollar of course is going the way of the dodo and. the new gold backed world currency is coming on board even alex jones knows this. i stay here with thanks so much for being on the kaiser report thank you max don't go away much more coming your way. holidaymaker who wouldn't dare to swim so deep. a tourist would be scared of such cold water. and would never die if nothing was in an arm's reach. they are not too much so they are researchers. and few more so on land than in deep water. or some this is just a parliament building in. them. sixty five years ago. was the final target i'm going to move through from some from an army. base country became the symbol of the fall of the financial system. and the victory over nazi germany. the fall of the moon on r.g.p. . the moment when the world has changed forever. thousands passed to nothing. thousands wounded. and doomed to suffer to. lose the first but probably not the landstuhl military uses of th

no of course because they're advised by someone monkeys like paul krugman now that makes no sense their model of courses is on sustainable and the u.s. dollar of course is going the way of the dodo and. the new gold backed world currency is coming on board even alex jones knows this. all right stacie over thanks so much for being on the kaiser report thank you max don't go away much more coming your way. down the official placation. touch from the. life on the good. video. on t.v.'s among the old posts and says feeds now in the palm of your. question on the dot com. ticker who wouldn't dare to swim so deep. that tourists would be scared of such cold water. and would never die. within an arm's reach. they are not tourists they are researchers. and few words on line. in the water. welcome back to the kaiser reports i'm not to go to new york and talk with commodities expert kevin carey who is author of a new dragon's metal report china's resource monopoly in the world's growing resource addiction kevin care welcome to the kaiser report good to be here thank you all right can care rare eart

no of course because they're advised by someone monkeys like paul krugman now that makes no sense their model of course is. sustainable and the u.s. dollar of course is going the way of the dodo and. the new gold backed world currency is coming on board even alex jones knows this all right stacie over thanks so much for being on the kaiser report thank you max don't go away much more coming your way so stay to. this is just a parliament building in. them. sixty five years ago. was the final target. to move through from some from the red army. its country became the symbol of the foremost financial sort of. victory over nazi germany. the follow. on r.g.p. . a moment when the world has changed forever. thousands pounced to nothingness. thousands wounded. to suffer today. was the first but probably not the landstuhl military uses this weapon. will become. children come on get on in the future. welcome back to the kaiser reports i'm not to go to new york and talk with commodities expert kevin carey who is author of a new dragon's medal report china's resource monopoly in the world's growing

and economist paul krugman added, so you're going to tell janitors to work until they're 70 because lawyers are living longer than ever. however, a member of the fiscal commission says this is a provocative proposal and while we have concerns with some of the specifics, we commend the co-chairs for advancing the debate. president obama is urging leaders to hold their fire over the recommendations saying, "tough choices are going to be necessary to tame the deficit that is soared to more than $1 trillion a year. still, the proposals are not binding. the plan needs to garner the votes of 14 of the 18 members in the commission to even trigger votes in the house and the senate. this is only the beginning. but it's already stirring up some trouble. speaking just a few hours ago, today's g-20 summit in seoul, president obama said the united states and china are making progress on negotiations to tackle sensitive issues like the openness of the chinese economy and reforming that country's currency. but earlier in a sharp setback, the president said the u.s. and south korea had failed to reach an a

some progressives are kind of stunned and offended, like paul krugman of "the new york times."ic president would tilt that way. i think the thing is in some ways extraordinarily timid. the plan that bowles and simpson plan. it does a job of spreading the pain around. of deferring things that need to be deferred, taking on things, the gas tax. there's a lot in there. i think this is a great opportunity for people who want to get things done. that includes the president. we'll see if it includes republicans in congress. it's a great opportunity to build on this thing. and the progressives who are squeaking and squawking, i think john is right. they don't want to let a camel's nose under that tent, but they are going to be left behind if there is this coalition of obama, centrist democrats and republicans. >> let me ask you, john, about the whole question. do you thing public really cares about debt? they're willing to take it on and say i'm willing to accept a shared sacrifice meaning some tax increases on the right, some benefit cuts for the left and it's the only way we're goin

add to that paul krugman from the "new york times" wrote this weekend those who still believe in obama are engaged in huge acts of self-delusion, because obama largely accepted the conservative storyline, which i think that americans said no to the progressive stuff. the president believe the tea party have spokep and the tea party have won, so you move on -- dot-org -- or stand up and fight. hang on. andy stern is part of this. hmm. andy stern said they're ready to stand up and fight. what was it that we showed you when we talked about the union and communists last week? the communist from the brecht forum said? >> labor movement has an old saying. i don't know. if you can't open their minds, open their heads. >> glenn: yeah, that's it. ♪ ♪ >> glenn: hello, america. is it thursday thanksgiving -- it is going to be thursday and thanksgiving. it's the week of thanksgiving in new york. things are getting festive. i was out christmas shopping for the family saturday and it's starting to get nuts here. you are probably like i am excited to enjoy a nice big meal with your family and friends

here is paul krugman this weekend on abc news.ten. >> if the commission isn't brave enough to take on the debt panel people, they are doing no good at all. not educating the public and not telling them about the choices that need to be made. some years down the pike, we will get a real solution, combination of death panel and sals taxes. we'll take medicare under control and get additional revenue from a v.a.t.. >> glenn: death panel and higher taxes will decide who lives or dies. meanwhile, they will take your money. death panels. america, you have a choice to make. many of you decide and are taking the first steps. you educated yourself. you have read more books than you have read in your whole life. in the last two years, you learned history you didn't know. you read books like the "5,000 year leap" a book that woke me up and a book that the left attacks over and over and over again. sorry, not the book. they attacked me by criticizing the author. i don't care about the author. i don't care about any of his other books. tell me

in today's "new york times," paul krugman wrote this, one of our two great political parties has madeing america governorable unless it's doing the governing. elite opinion has been slow to recognize this reality. congressman van hollen, how bleak are things going to be over the next two years? any chance you two parties can get together? >> i have some worries, willie, because for the first time the republicans now share some responsibility for helping to clean up the mess that was largely created by their own policies and yet every indication so far is that they do not want to work with the president. they don't want to work with the democrats. the president invited them all down to the white house, the new republican leadership right after the election. they said, no, sorry. we've got other things to do. they are working hard to try and block the new s.t.a.r.t. treaty, which our nato allies on a bipartisan basis national security experts say is important for our security. they are trying to hold middle class taxes hostage for folks at the top. by every single they are sending, they

. >> rose: but the argument made by paul krugman in the "new york times"... >> well, now paul is gettingle hysterical. i love the way he savages people absolutely savages people and then talks about savaging people, that we're savaging, i mean, paul may have the nobel prize but he doesn't have the nobel prize in figuring out what we're doing. >> rose: okay, but his argument was that when you raise the retirement age, the people... it benefits the wealthy rather than the poor who work with their hands, or the middle-class, because they don't the same life expectancy that the rich do. >> charlie, that's exactly why we put in the 20% hardship exception for the 20% of the people that really have back-bending jobs that need to retire at 62. we not only put in a provision for them but we fully funded it so they can still retire at 62. we took careÑi of that. if paul had read it, he would see that. >> i tell you, he's a brilliant guy. i wish i could meet with him. it would be nice if he could meet with us. i would love to visit with him. but i tell you when you see a guy who's really almost flu

some progressives are kind of stunned and offended, like paul krugman of "the new york times." that a commission formed by a democratic president would tilt that way. i think the thing is in some ways extraordinarily timid. the plan that bowles and simpson plan. it does a job of spreading the pain around. deterring things that need to be deterred, taking things on. the gas tax. there's a lot in there. i think this is a great opportunity for people who want to get things done. that includes the president. we'll see if it includes republicans in congress. it's a great opportunity to build on this thing. and the progressives who are squeaking and squawking, i think john is right. they don't want to let a camel's nose under that tent, but they are going to be left behind if there is this coalition of obama, centrist democrats and republicans. >> let me ask you, john, about the whole question. do you thing public really cares about debt? they're willing to take it on and say i'm willing to accept a shared sacrifice meaning some tax increases on the right, some benefit cuts for the l

. >> the highjack commission. >> he says they're ideologues which i think speaks volumes about paul krugmanton needs to be responsible with our debt. they just put out some extraordinarily unpopular items. cut middle class entitlements and raise taxes. >> and i think as a document it is a very good conversation starter because it brings you to the tax code which is obviously incredibly complex and in my opinion highly rigged. you can buy tax loopholes. the unfairness in this country starts inside the tax code. so it starts that conversation. >> by the way, dylan, that's why -- you talk to any lobbyist on k street, they'll tell you they're not there to get money for their companies, but to punch a hole in the tax code. >> i can remember sitting maybe last fall in senator widen's office in d.c., he said do you want to see where all your money leaves? he said that's where all the tax loopholes are created, in that room right there. we'll get stuck in that ditch. the point is thising doment initiates some of the core flaws, whether it is the tax code, whether it is the unwillingness to engage o

paul krugman, i'm not an economist, mike has a fabulous grasp of numbers as he told us early. of whether you carry on stimulating while you near the slump now for longer or whether you go for deficit reduction earlier, i think there's an argument there. i think that's a different position from saying actually we are going to implement propositions and plans that the rest of the country doesn't agree with. and if we just keep telling them, they will end up agreeing with us. >> mike, republicans played in the democrat's hands so much in the bush era, i'm stunned that after two years of going left of center -- don't listen to me. listen to independent voters. 36% swing of independents from 2006 to 2010. how could e.j.dionne or anybody believe democrats need to stay hard left? >> i don't know. because when you look at it in terms of what happens during the course of an everyday life, the everyday person, the democrats unfortunately for them came across for 18 months during the health care debate as living in an unreal world. most people were concerned with their daily economic exi

and now we read in "the new york times" today, paul krugman, stuart varney is absolutely has a hissys not just a leftie deal. >> you would think with the election of last week never happened. you would think that they never -- the voters never went against spending and taxes. oh, no. you look at what the left is now doing. they're digging in their heels. paul krugman is in "the new york times" this morning railing against this deficit reduction. >> not bipartisan. >> he says it's been hijacked by the right. he dismisses all of the spending cuts, hates them. he wants more taxes on the rich. the left is going crazy over the deficit reduction commission. they don't like it! item number 2, the projected possible compromise by president obama on the bush tax cuts. the left hates the idea of compromise. there's the -- there's an outfit called the progressive -- >> what? >> it's a right hate compromise. >> i'm not so sure. right has not said much about the deficit reduction commission's recommendations. and the right is pushing for an extension of all the bush tax cuts. the left doesn't wan

. >> rose: you know the argument being made by paul krugman and others which is that, yes, indeed, the deficit is a big issue but at the same time growth is a big issue and how you can produce growth quickly may very well mean a stimulus that you're not going to get that quickly from tax cuts and from... >> if borrowing and spending... taxing and spending and printing and spending works we'd already have it. we've been doing this for trillions of dollars. we put trillions of dollars through fiscal policy and monetary policy and it's not working and it's... >> rose: when david balkman a republican, calls for tax increases in the future you think david batch man's economics are wrong? >> i don't agree with that. here's another issue. what kind of country do we want to be in the 21st century? do we want to be a country that grows our government much more dramatically? that takes our spending line which is like this, maybe make it there and bring the revenue line up to it? the point i mention this is do we want to be a entrepreneurial fast-growing economy, an opportunity society or do we w