robert reich, i cwant to do thi. consider the following, we had massive break through in technology, whether drug technology, hostile procedure technology, operations, things that are just fabulous we never dreamed of, yet in the short run, it costs more money, in the long run, just like the cell phone and computer many years ago, those costs will come down. why is that such a bad thing? why do we condemn the american health system for some of the greatest technology breakthroughs on the planet earth? >> technology is great, larry. i don't know anybody. i have not met a doctor or many people i talked to in the insurance industry with regard to health care who think the system is good. most people think it is broken. only you and john stossel think it is a great system. most americans do like their own doctor and do like their own way they get medicine. in terms of how they're paying and what they do with insurance companies, most people can't stay it. >> polls show 70 to 80% of the people are satisfied with the healt

our dynamic duo robert reich and steve moore will debate whether or not the looming court shake up willgs against growth and prosperity, or whether she is a moderate. and oh, by the way, mr. reich seize an ex recovery, as in no recovery at all. isn't that interesting? "the kudlow rert we always tr to be interestin please say with us (announcer) its the most advanced automile we have ever created. a car that can help awr keepe he starts to wander... eventop itself if he becomes stracted. if you want to see the fure of the automobile, just look at the new e-class. today. thiss the 9th generation e-class. this is mercedesenz. >>> lall right. so judge sotomayor front and center. the question before the house this evening, could she be a moderate on business? business and markets, that's what interests here at cnbc. with us now, our dynamic duo, former labor secretary and ex recovery man, robert reich. he is the author of "super capitalism" and steve moore, coauthor of "the end of prosperi prosperity." is she the moderate on financial issues? >> she is. i think she is as senator -- republica

but to robert reich's point and charlie gasparino's point, what about this?>> well, i think that's not really true. >> not true. >> not true? what? are you kidding me? >> they can't fail. >> but i don't think that's skewing the capital markets -- >> hang on, charlie. cit, this is a turn of events, shelia bair knocked down timothy geithner, that's what the reports are, and wouldn't bail out cit. >> that's what we reported. >> does that mean the government is looking again at moral hazard, maybe too big to fail is not too big to fail? >> well, i think you have to let the capital markets run their course. that's the whole thing. the government can't truly socialize banking. it's too large. >> larry, goldman sachs should not be subsidized -- we should not be subsidizing their risk taking -- >> but how -- >> look it -- >> their bank -- >> the federal reserve and the treasury and the administration have basically said that you've got a group of banks that oppose systemic risks to the entire system if they're allowed to go under and therefore they will not be allowe

robert reiche, former labor secretary under bill clinton, professor at uc berkeley and author of the book "supercapitalism" and mr. raiche, is part of the problem here n an effort to get everybody on board rather than taking the bold action, essentially what democrats are trying to do is essentially trying to please everybody? >> it could be a great problem. most of the interest groups, the ama representing the doctors, the pharmaceutical groups, private insurers, they have in the past been vigorous opponents of any kind of universal health care. you may remember in 1993, 1994, they put on these ads about harry and louise. they mounted a huge lobbying effort against bill clinton's plan, hillary clinton's plan, but now they are on board. the problem is that they have got so many goodies or at least that they have promised that they will actually make more money because of this health care plan, but that means that efforts to contain the costs and reduce the costs of long-term universal health care may be compromised. >> there was that poll that we just talked about in terms of the pub

and robert reich, i'm glad you're back from your vacation. steve moore, i'm glad you survived las vegas. me too. anyway, dennis kneale, what have you got cooking? do you think sotomayor -- this is your dennis kneale opinion, is a moderate or a big liberal lefty on businesses and market type decisions? is. >> i think if she weren't a big lib rap lefty, she would not have oh gotten the nomination. but that doesn't matter, because she is going to get approved. so my as well brace for it. a lot of times we put a liberal on the court and they end up surprising us. >> could she be a free market capitalist? do you think you'll hear that from her on court? >> no, i don't think she can. just all consumers, all victims. >> thanks. >> and cnbc reports starts right now. >>> tonight on "cnbc reports," the markets jump, are traders and investors starting to come around, starting to warm up to dennis's big call? >> this horrible, frightening recession is ending now. >> despite the upturn, there are plans in washington that could roll it all back. dennis is

our first guest tonight worked in the clinton administration robert reich. he was the secretary of labor. he is author of the book "super capitalism" and professor at uc berkeley. >> good evening, ed. i share some of your disappointment. i thought that news conference, the president did not come out swinging and he also didn't seem to have all of that much conviction. i expected much more, but i will tell you something, the issues are certainly important. the clock is running. he's got to give it a little bit more juice. >> when it comes to being forceful, you would score the president on a scale of one to ten was where? >> probably about four on forcefulness. look, in fairness, the president, one of the great attributes he has is he is so articulated, so dignified as a president. i think people trust him enormously because he doesn't let passion completely take over. but i think with regard to health care, people are so concerned and it is so critical he starts banging heads and twisting arms that i expected just a little bit more not only -- not only convi

his former advisor, robert reich said, quote, i am concerned as i am concerned that these bills simplyot go to high skilled people that are already prsmgs or white male construction workers. i have nothing against them. i am just saying that have other needs as well. >> glenn: let's just make this a job training program. obama's new green czar, van jones, who is a self-avowed communist. he is in the obama administration. he says in his book that has been out for four months, the green collar economy, sub title how one solution can fix two big problems. the best way to fight global warming and urban poverty is by drilling millions of green jobs. this guy was arrested and spent six months in jail and the he was a radical. then he decided he found the eco movement and decided green is the new red. he then became a green expect. a percentage of these jobs should go to the disadvantaged and chronically unemployed. why are they chronically unemployed. green economy should not be about reclaiming throw away stuff. submitted be about reclaiming thrown away communities. >> obama is no dummy. he

his former advisor, robert reich said, quote, i am concerned as i am concerned that these bills simply not go to high skilled people that are already prsmgs or white male construction workers. i have nothing against them. i am just saying that have other needs as well. >> glenn: let's just make this a job training program. obama's new green czar, van jones, who is a self-avowed communist. he is in the obama administration. he says in his book that has been out for four months, the green collar economy, sub title how one solution can fix two big problems. the best way to fight global warming and urban poverty is by drilling millions of green jobs. this guy was arrested and spent six months in jail and then he was a radical. then he decided he found the eco movement and decided green is the new red. he then became a green expect. a percentage of these jobs should go to the disadvantaged and chronically unemployed. why are they chronically unemployed. green economy should not be about reclaiming throw away stuff. submitted be about reclaiming thrown away communities. >> obama is no dummy.

. >>> now let's turn to robert reich, also the all thor of the book "super capitalism" available in paperbackas far as the public option is concerned? is this one that the democrats could lose? >> they certainly could lose, ed. the last 75 years, the american medical association and private insurers have all fought against anything reassembling any government intrusion into health care whatsoever, even though the health care system has gotten more and more insane, so it can be lost. the good news is you've got a very good bill out of the house that has a public option in it, that pays for health care for everybody by taxing the very, very wealthy, and you have a good bill coming out of the senate labor and health committee. so what you really want to focus on is the bottleneck, and that is the senate financial committee, and then get both chambers to vote on this before they head off for the summer. timing is essential. >> mr. reich, why dough think there are some democrats who are afraid of change? that's all we heard before november. >> i don't know that they're afraid of change. with due r

thoughts from former labor secretary and cnbc contributor robert reich, and wall street journal's stevene you each 20 seconds. secretary risch, start with you. if you have a payroll of more than 250,000, you have to pay up when it comes to health care. if i get a payroll of 300,000, secretary reich, why wouldn't i let people go so i wouldn't have to pay this? >> well, michelle, undoubtedly, there is no free lunch. somebody has to pay for health care. many small businesses are going to pass those costs on to consumers. look, this issue of how small a small business has to be in order to get away from the mandates for employers is an old issue. right back to richard nixon, when he first proposed -- that all employers have that kind of responsibility. >> steven moore -- is it a job killer?? >> it's a debatable proposition. >> 20 seconds, mr. reich. is this a job killer? >> that was a short answer for mr. reich.h. there is no question, you put an % payroll tax on the backs of small employers, some will be driven out of business. bob, you were the department of labor secretary, you know these