talk about some of these implications of the numbers on a larger scale i was joined earlier by peter schiff president at euro pacific capital peter is also the author of the real crash how to save yourself and your country first we discussed if the new numbers are a punch in the gut for president obama well you know i think he's going to take several more body blows between now and the election i've long been forecasting that there is a good chance that come november statistically we will be back in recession and i think the only way that maybe avoid that is for a huge round of quantitative easing a lot more money printing by the fed but of course that's actually going to inflict more long term damage out of the economy that is already on the mat i want to throw sort of save the politics of this for a moment mitt romney of course took this opportunity you know to stomp on president obama's record here he was on c n b c this morning take a look. well the president's policies and his handling of the economy has been dealt a harsh indictment this morning and it continues we've had forty straig

proud and thomas peters cultural director for the national organization on marriage first thomas peter schiff peter shared his views on same sex marriage take a listen well i mean as an explanation for marriage we strongly stand by the rights of gay and lesbian people around the world to have their core civil liberties understood and respected where we draw the line is the issue of marriage we believe marriage is the issue is a union of one man and one woman and so as far as you know things are nationally we support human rights of all people but the question i think is really where you draw human rights where you draw that line well that's a good point thomas you know the greatest threat to gay people around the world is the spread of radical islam and brutal dictators and in some places gay people are actually killed simply for being gay and i believe that freedom is freedom for everyone and it shouldn't in our borders and freedom is freedom thomas and you have arbitrarily drawn the line but the fact of the matter is it is our moral obligation as americans to spread freedom throughout the w

and they've let ron paul and peter schiff have the conversation.hink, is shocking and jarring for several years into it. there's this understanding that we all circled around wagons and we don't air our dirty laundry. you tell other economists we need to be doing more, but nobody else has allowed. >> i think also part of the problem with the whole monetary discussion is when we talk about the fed, it seems like we're only talking about the issues within the fed. and i don't hear people generally talk about in ways that the average person could understand how it relates to the larger jobs. any idea that ben bernanke without the idea that he, too, is part of a larger political structure and problem challenge that we need to deal with the whole i shall shoes of the kind of political roadblock of going around the economy. >> and that's where these critiqu critiques, there's interesting axes upon which these debates are about. it's sort of left right and there's also long term, short term. there's also did we have this coming, in a way, this crisis? or

the institute for america's future and the co-director for the campaign for america's future and peter schiffeuro pacific capital and author of the book "the real crash: america's coming bankruptcy, how to save yourself and your country." welcome, gentlemen, nice to have you. >> pleasure to be here. >> thank you. jenna: we have two big campaign speeches coming up today, both supposed to be on the economy. when we keep on seeing numbers like this, bob, one has to question what we're hearing about there being no new ideas presented by either side when it comes to the economy. are there any new ideas out there that the american people should be asking for? >> well, i think there's some new bad ideas out there that the american -- jenna: ah, but that's not the question, bob. >> in terms of getting the economy going, i think there's been a set of ideas put out, it's just we have gridlock here in washington and a republican congress that's intent on doing nothing as far as we can cel. jenna: republican congress, peter. if that was different, would things be better? >> well, i doubt it. first of all