thank you. >> thanks very much, maria. >> robert reich joining us today. up next on "the wall street journal report," are you ready for april 15th? we have the tax tips that you need to know that will save you money this year, and then a hollywood mogul who career spans several golden ages with showbiz lessons he's learned from heavy hitters like frank sinatra and george clooney. >>> welcome back. the deadline for filing your income taxes is fast approaching. what are the changes you should know about this year that could save you money? amy mcanarney is with me. the director of the tax institute of h & r block. thanks for joining us. >> thanks, maria. >> first up, what's most important for taxpayers to be aware of this year that may be different than last year? >> this year there's 300 federal tax law changes, and there's some really key ones that people need to know about such as, you know, if you brought home a paycheck, you could get the making work way credit and that's $800 back in your pocket. if you're married $400, if you're single. that's a reall

politics on our roundtable with george will, matthew dowd, democratic strategist karen finney and robert reich of the american prospect and as always "the sunday funnies." >> republicans spent more than $2,000 on a sex club. now there's your stimulus package. >>> good morning, everyone and happy easter and passover. you have to go back three years to march 2007 to find the last time the u.s. economy created as many jobs as were created last month, 3 years. and yet the 162,000 new jobs did not put a dent in the unemployment rate which remains at 9.7%. 15 million americans were still looking for work in march and of those, 6.5 million have been unemployed for more than 27 weeks and the broadest measure of unemployment, those who have given up looking for a job or cannot find a full time job bumped up do 16.9%. joining me now the president's top economic adviser, dr. larry summers. dr. summers, thanks so much for joining us. >> good to be with you, jake. >> if you remove the temporary census worker job, 48,000 you're left with 114,000 new jobs. big businesses have retained earnings. they are not

here's our dynamic duo, former labor secretary robert reich, is the author of "super capitalism." and steve moor author of "return to prosperity." you heard me. give me a quickie, and then we'll come back. secretary reich, you first. >> yes, i think it should be privatized, no less than wall street banks should be privatized. let's privatized everybody. no more bailouts to any big organization. >> steve moore, this is a burning bush moment. >> i sure am. illegal privatize that, and i'll up the anti. i want to private az university of california berkeley. >> unfortunately that's the way we're going. >> ucal berkeley is 80% privatized. we won't debate cal berkeley. we're going to come back and talk about how to get rid of fannie and fredry. stay with us. >>> all right. we're talking fannie and freddie. they testified before this financial crisis committee in washington. steve moore, let me go -- you guys would both like to privatize. i want to go to a separate but related subject. we know the model for private profit and taxpayer bailouts doesn't work, but i want to get into this. h

first of all, this morning we had liberal robert reich and conservative marty feldstein, they both came out against paul volck volcker's back tax proposal. how do you stand? >> it's hard for me to understand how paul volcker, as bright as he is, is going to ask for a value-added tax, we were europe's worst night mares. that's a progressive tax that literally allows the left to continue to increase taxes the rest of our lives. i've said they're trying to europeanize american. the value-added tax, anytime you want to increase it, they'll be able to increase it. it's another thing to say, but we're not going to cut any spending, we're not going to get spending under control, we won't live within constitutional mandates. we won't find any way of trying to make this system work. we're going to at least 25%, and more than 25% of our gdp in expenses in this country. the nermal rate is somewhere around 20%. it's just awful. >> well, scott rasmussen's latest poll out yesterday, he says people feel like they're overtaxed. interestingly, sir, 75% according to the poll say the top tax rate should o

my guest next week, former sekera tear of labor robert reich. keep it right here, where wall street meets main street. have a great weekend.

later, a look at the economy and unemployment rate with robert reich.tomorrow morning, more about the administration's nuclear policy which a member of the armed services committee. the democratic senator of alaska discusses a legislative agenda. the chairman of the tarp oversight panel focuses on home foreclosures, and we heard joined by rick. "washington journal" is every day at 7:00 a.m. eastern. a couple of live events to tell you about on c-span . 3 the joya economic committee will hear from ben bernanke -- the joint economic committee will hear from ben bernanke. at 2:30 p.m., the senate commerce committee listened to the plan released by the federal communications commission. members will talk to the chairman about the plan and their role of the sec -- fcc of overseeing the internet. >> see the winners of c-span's student documentarycam petition. students ltd. entries on one of the country's greatest strengths or a challenge the country is facing. meet the students who made them, and for a preview of all winners, visit studentcam.org. >> not timo

. >> well, robert reich, bill clinton's secretary of labor, says it's a bailout fund.ardless of how the money is proud, it is a bailout fund that sort of guarantees in perpetuity that we'll be intervening once again to bail out these big firms. >> that's absolutely not true and some of his members say it was a bit over the top. i have spent a lot of time with the republicans over the last several weeks and i believe that we are very close on this. that we agree on the vast bulk of the things necessary for too big to fail and that's one reason i'm so confident. >> of course one of the things that we found with health care reform was that we heard a lot of republicans, democrats saying well, we agree on a lot of things but in the end it's that final 10 or 20% that gets them. >> the republicans are saying start over. >> exactly. it all has an echo. >>> let me ask you about florida governor charlie crist. he started out with a huge lead in his race for the senate and is now trailing by something like 30 points. there is chatter that he drop out and run as an independent. h

our guest was former labor secretary robert reich should produce this is 45 minutes. --. this is 45 minutes. host: have a very early hour in california, robert reich is joining us to talk about the economy. many of you know him as the former labor secretary under plaze -- president clinton and now the policy professor at university of berkeley, california. also, the author of 12 books. i wanted for some headlines out there for you this morning before we get going. here is the "wall street journal." that is the front page. the "washington post" frontpage says the team is optimistic. and then we also saw in the last couple of days that the economy is on track to possibly grow up 3.6% from off -- 3.6%, create $518 billion in recovery and the banks have started to repay their loans from taxpayers. are we on our way to recovery? guest: greta, i wish i could say we were on our way to a vigorous recovery. we certainly are on our way to recovery. the business cycle follows isleton's law, but in reverse. everything that goes down eventually -- follows isaac newton's law, but in re

meanwhile, as the economist robert reich recently reminded us, in the 1950s and '60s, the c.e.o.s of major american companies took home about 25 to 30 times the wages of the typical worker. by 1980 the big company c.e.o. took home roughly 40 times the worker's wage. by 1990, it was 100 times. and by 2007, executives at the largest american companies received about 350 times the pay of the average employee. in many of the top corporations, the chief executive earns more every day than the average worker gets paid in a year. and then there's the financial world. case in point: ken lewis, who at the end of 2009 retired as c.e.o. of bank of america. only recently did we learn that, not long after his company received $45 billion in taxpayer dollars from the big bailout, lewis raked in more than $73 million in pension benefits and stock, and was given an insurance policy worth $10 million to his beneficiaries. but compared to some people, ken lewis is a piker. hedge fund managers, who bet that taxpayers-- you-- would pay to keep the banks from collapsing, hit the jackpot. last year, one o

coming next, we will talk with robert reich, a professor university of california berkeley. he wrote this piece in the "wall street journal" yesterday. we will talk to him coming up next. but first, a news update from c- span radio. >> it is 9:14 a.m. here in washington d.c. the commerce department is record -- is reporting that the u.s. trade deficit is wider than expected in february as exports rose to the highest level in 16 months, but this gain was offset by a bigger jump in imports, reflecting increased demand for consumer goods from televisions to clothing. this design of the regarding u.s. economy. speaking on cbs' the early show from moscow, ambassador john byerly says outraged over the incident concerning the adopted russian boy says he hopes the fuehrer -- the furies surrounding a woman's decision to send a child back to russia alone will not jeopardize other adoptions. the job was put on a flight with a note saying that he had psychological problems and was violent. he is now being cared for in a moscow hospital. general qadeer no -- general odierno is leaving hi

host: have a very early hour in california, robert reich is joining us to talk about the economy. many of you know him as the former labor secretary under plaze -- president clinton and now the policy professor at university of berkeley, california. also, the author of 12 books. i wanted for some headlines out there for you this morning before we get going. here is the "wall street journal." that is the front page. the "washington post" frontpage says the team is optimistic. and then we also saw in the last couple of days that the economy is on track to possibly grow up 3.6% from off -- 3.6%, create $518 billion in recovery and the banks have started to repay their loans from taxpayers. are we on our way to recovery? guest: greta, i wish i could say we were on our way to a vigorous recovery. we certainly are on our way to recovery. the business cycle follows isleton's law, but in reverse. everything that goes down eventually -- follows isaac newton's law, but in reverse. everything that it goes down and eventually comes up. the stock market is recovering in part because corporate

then robert reich with his perspective on the economy. timothy geithner is interviewed by an economics columnist. this is part of a conference hosted by the american society of newspaper editors. that is live at 12:45 p.m. eastern. now, a panel examines how new media and social networking in iran is changing grassroots communications and politics in that country. we will hear from the author of "reading lolita in tehran". this is an hour and 50 minutes. >> welcome and thank you for coming to our event on iran's blogosphere. we have a different conference for you today. i'm a professor here at gw school of public affairs. we are hosting today's event. we're doing things a little differently today. our goal today is to talk about the importance of engagement, means of engagement, the importance of person to person contact even when foreign policy between two countries is a difficult, to say the least. we will be talking about new media. we will have an online moderator who will be bringing in comments and questions that we have received thr

host: robert reich is a professor of public policy at university of california berkeley. former labor secretary under president clinton, and author of an upcoming book, "aftershock and the economy." thank you for being with us this morning. we appreciate your time. that does it for today's "washington journal." we will be back tomorrow morning at 7:00 a.m. eastern. thanks for watching. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] . . meanwhile, the u.s. senate is working on a bill to extend long-term term insurance benefits and tom coburn leading a g.o.p. call for pai as you go rules for makeup for the measures cost. democrats say it is emergency spending because of the high unemployment rate. the senate is just underway and you can follow live coverage on c-span 2. tim geithner has a speech today before the society of newspaper editors convention and we will have that live for you at 12:45 eastern and the u.s. house coming back from spring recess will work on suspension bills that gets underway at 2:00 e

later, robert reich his perspective on the economy. "washington journal" each morning at 7:00 a.m.eastern. timothy geithner is interviewed. this is part of a conference hosted by the american society of newspaper editors. that is live at 12:45 pm -- 12:45 p.m. eastern. >> all of this month, middle and high school students from 45 states submitted videos on the country's biggest strings or challenges. watch it every morning on c-span at 6:50 a.m. eastern. then meet the students that made them and for a preview of all of the winners, visit studentcam.org. >> of the white house announced that the ukraine will get rid of all of its new clear material by 2012. robert did spoke with reporters about nuclear issues. he is joined by a counter- terrorism advisor. >> good afternoon. before we hear from john brennan, the president's advisor on counterterrorism and homeland security, i wanted to start today with an announcement. today, ukraine announced a landmark decision to get rid of all of its stockpile of highly enriched uranium by the time of the next nuclear security summit in 2012. ukra

the take of the "washington post," the "wall street journal," former clinton secretary of labor robert reichsaid it would lead to another bailout. and on this point, there seemed to be fairly broad consensus from senate republicans, who, interestingly enough -- to, interestingly enough, secretary geithner himself. a member of the president's cabinet also thought the fund was ill-advised. so the reaction i got was somewhat amusing. some of our friends on the other side raised voices of protest because i'd spoken up about the flaws in the bill. others ginned up the press with some inside washington line about talking points and pollsters. and over at the white house, the president criticized me in his weekly radio address, even as his deputies worked to strip the very provision i had called into question a few days before. well, they can't have it both ways. so my advice at the beginning of this week is that we focus not on personal attacks or questioning each other's motives but on fixing the problems in this bill, and that means doing everything we can to make sure the final product doesn't