robert rice is the former labor secretary under president clinton and steven moore is with "the wall street journal" board. we're saying, give us more. and it does sound like we're a bunch of addicts. but it is a little depressing when you look at the numbers. without q.e. at all, the world economy would have fallen apart. but here we are and what can we do from here? >> well, strictly speaking, erin, the fed is not borrowing money. the fed is not spending money. the fed is actually creating money and there's a danger that if the fed creates too much money, it could generate inflation. that is a danger. and it also, as you said before, wants to keep some reserve in its quiver. the real problem right now is that even though interest rates are low and even though they have gotten lower, it's not stimulating the economy. it's not boosting the economy because i don't know if you've tried to get a -- refinance your home, i tried just a couple of weeks ago. it's very difficult to do it because the banks are sitting on so many bad loans still that they just don't want to, even with very low

at uc berkeley, former clinton labor secretary robert rice calls the job report horrendous, but says there is hope. >> last year at this time we also had a job slump. we came out of it, and by the end of the year things were looking really good. >> the report fuelled the presidential race. president obama was quick to deflect the bad news saying millions of new jobs have been created in the past two years and blame the economic crisis in europe for the che. republican candidate mitt romney says the job of the president is to get people back to work and he claims president obama is failing in that regard. now the unemployment report caused big problems on wall street. the dow jones industrial average had the worst day of the year. it fell nearly 275 points closing down more than 2%. it is now lower than it was at the start of the year. >> san jose police arrested a man they believe handed a threatening note to bank employees. it happened around pief:15 -- 5:15 on west santa clara street. they surrounded the branch and took the same precautions they do when they receive the report of a

at uc berkeley, former clinton labor secretary robert rice calls the job report horrendous, but says there is hope. >> last year at this time we also had a job slump. we came out of it, and by the end of the year things were looking really good. >> the report fuelled the presidential race. president obama was quick to deflect the bad news saying millions of new jobs have been created in the past two years and blame the economic crisis in europe for the che. republican candidate mitt romney says the job of the president is to get people back to work and he claims president obama is failing in that regard. now the unemployment report caused big problems on wall street. the dow jones industrial average had the worst day of the year. it fell nearly 275 points closing down more than 2%. it is now lower than it was at the start of the year. >> san jose police arrested a man they believe handed a threatening note to bank employees. it happened around pief:15 -- 5:15 on west santa clara street. they surrounded the branch and took the same precautions they do when they receive the report of a

also, what's really fun these days is i just watched robert rice giving a speech talking about the good old days when they all watched the same network news. people get their news from all over the place now. the go back and let at this, does not happen as much anymore. i do not tend to play that game usually. >> tom and i have written a lot about this and i think there is substantial liberal bias back in the 1960's. of course, i think the media environment has changed radically. we have a partisan press that is back to the future than it with much more immediacy. this is not like william randolph hearst which has added to the complications. if you talk about the media, you have to start with that. you live in a world where the self identified members believe the president is not legitimate, it tells you something about the way the media dynamic is working. that has left the mainstream press with a bit of a dilemma. they have done that by falling back that your report on both sides of the story. your report on both sides of the story. that means there is a holocaust denier and a holocau

administration when the president had the most leverage and might be able to do much more and there was robert rice and other people. we lost those arguments. maybe it was the beards. the guys from doing so rich. even in the obama of white house, came across this as having answers. i do think people figured out that they didn't and -- inside we had critical moments that did much more. the notion is all it lost, obama and company are as bad as the rest. and open-minded communication, and to some extent -- it is -- unfortunately i am afraid that it starts to listen to the was too way to do a lot of things. >> given that most of us here have been able to express our views at some point or another, it seems like the answer was always show me the fifty-first vote or show me the 60th vote to, show me the political reality. that was before the 2010 midterm elections. we are now faced with a republican house with an insane economic agenda barreling down at us. the paul ryan plan, the romney plan. whatever it is anyone could have taken seriously on the right is advocating and the cure for it, the moderates

what is fun these days is -- i watched robert rice give elector and we all say it will likely old-style news but they don't like fox news. they're reasonable criticism is that we select the news we agree with. the media coverage was the most egregious during the goldwater era. that does not happen as much. i don't play that game. >> tom and i have written a lot about this. i think there was substantial liberal bias in the 19 60's. our media environment has changed rapidly. we have a partisan press now that his back to the future but and much greater reach, deathah depth than we have ever seen before. it creates different facts for people. when you live in the world were 30 or 40% of the self identified members of one party believe the president is not legitimate because he was not born in the united states, it tells you something about the way our media dynamic is working. that has left the mainstream press with a dilemma. i believe they solve that dilemma by falling back on an old truism that a report both sides of the story. there is a holocaust denier and a holocaust victim and you w

here now is former labor secretary and cnbc contributor robert rice, the author of "beyond outrage" and betsy mccoy author of the obama health law. betsy, i read your notes. i love this. obamacare goes down and employment job hiring boom goes up. >> that's right. when the supreme court strikes down the individual mandate it is likely they will strike down a big chunk of the law that also includes the employer responsibility provision. this extremely burdensome provision would cause the biggest increase in labor costs in american history. it would push up the cost of an employee by $1.79 an hour every hour of the year. in new york and new jersey where health plans cost more it would increase the cost of labor by over $2 an hour. >> is that why the firms haven't been hiring and it's getting slower? >> that's right. as romney pointed out in the march 12 u.s. chamber of commerce survey three-quarters. this provision has struck fear in our hearts. >> the way i read it, robert, is if president obama's greatest legislative achievement is struck down it will be the most bullish thing to happen

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robert rice with the discussion with me on this and all of the details. [ male announcer ] aggressiveing. a more fuel-efficient turbocharged engine. and a completely redesigned interior. ♪ the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. through mercedes-benz recently, students from 31 countries took part in a science test. the top academic performers surprised some people. so did the country that came in 17th place. let's raise the bar and elevate our academic standards. let's do what's best for our students-by investing in our teachers. let's solve this. great! tyler here will show you everything. check out our new mobile app. now you can use your phone to scan your car's vin or take a picture of your license. it's an easy way to start a quote. watch this -- flo, can i see your license? no. well, all right. thanks. okay, here we go. whoa! no one said "cheese." progressive mobile -- insurance has never been easier. get a free quote today. >>> coming up

. >> we had robert rice on "viewpoint" last night, and he -- and i asked him what was the biggest lie had was about -- oh god, what was i going to say -- i totally had a brain fart because of you -- oh my god, i catching steph disease. [ farting sounds ] >> the biggest lie was this is going to cut medicare and this is a man who supports the paul ryan budget. >> and by the way not just liked paul ryan's plan thought it was marvellous. >> marvellous. >> john don't feel bad because it's hard to pick just one mitt ey lie. [ applause ] >> i know. the notion of paul ryan as vp if they do it it means one thing, the gop knows mittens has no chance of winning. >> it's like being in a lie avalanche and trying to decide which rock just hit you do you hate the most? it's understandable, john. i'm going to give you some of my amberin. >> oh, my god! >> i think you're having sympathetic menopause from being on the road with me so much. >> yes, or because i don't sleep anymore. >> if you have hot flashes -- i'm not a hormone replacement girl. since 2004 amberin has helped hundreds of thousands of wo

michael roberts and francois rice want to be mechanical engineers. >> time's up.r bags down. >> pitts: to get them jumpstarted, umbc runs a summer boot camp for the new meyerhoff scholars, with surprising rules for such a high-tech generation. >> zeman: there's no cell phone rule, no laptop, no facebook, no electronics. >> rice: no headphones. >> zeman: there's just so many, but the point is, they want us to be socializing and... and form real bonds and relationships with each other. >> it requires energy to dissolve. >> pitts: for six weeks, they work hard, but the most important lesson they get is how to work together. the key to success, they're told, is collaboration, not competition. to reinforce the idea, the 72 young scholars are required to learn together, study together, live together, and move around campus together, literally. gaps in the line are not allowed. >> eleban ortiz: you could be worried, you know, "oh, i might not make it" or stuff. but then, there's the 72 people right around you saying that you can do it. >> zeman: we have 72 of us that we

also, what's really fun these days is i just watched robert rice giving a speech talking about the good old days when they all watched the same network news. people get their news from all over the place now. the go back and let at this, does not happen as much anymore. i do not tend to play that game usually. >> tom and i have written a lot about this and i think there is substantial liberal bias back in the 1960's. of course, i think the media environment has changed radically. we have a partisan press that is back to the future than it with much more immediacy. this is not like william randolph hearst which has added to the complications. if you talk about the media, you have to start with that. you live in a world where the self identified members believe the president is not legitimate, it tells you something about the way the media dynamic is working. that has left the mainstream press with a bit of a dilemma. they have done that by falling back that your report on both sides of the story. your report on both sides of the story. that means there is a holocaust denier and a holocau

and also i think what's really fun these days is people, i just watched robert rice give a lecture about, gosh, we all liked the good old days when we watched the same network news. well, the media monopoly's over. that's not without its problems. that's a reasonable criticism. but i think to the extent that media bias was really the most egregious in the goldwater years. media coverage was atrocious. i think a lot of it is still pretty bad, but i don't want tend to play that game much. >> norm, any thoughts? >> yeah, of course. tom and i have rib a lot about this -- written a lot about this. i do think there was substantial media bias in the 1960s, there's no doubt about it. i think, of course, our media environment has changed radically. we have a partisan press now that is back to the future, but with much greater reach, depth and immediacy than we have ever seen before. and that has added to our complications because it's creating different sets of facts for people, and if we're going the talk about the media, you have to start with that. and, you know, when you live in a world where

in the space of failures, disappointments, great challenges, and i recently talked to ambassador robert rice who was former ambassador to el salvador, and in 1980, he was one of the people who found the bodies of four american churchwomen buried in a shallow grave. and he couldn't get many government leaders to agree to cutting off aid to el salvador, and yet he has spent the rest of his life working for human rights in very as capacities. >> ambassador, in your book you write about the obstruction and resistance of officials in washington, and at the u.n. for more effective action in rwanda, bosnia and elsewhere. i'm wondering if you can bring us up to date? you are pretty hard on the french. you are pretty hard on the george w. bush of administration. maybe you could tell us a few things that we should use as take away points on those two fronts and then maybe an evaluation of how the obama administration is doing. >> well, i think i will just say that it was particularly, in bosnia, that there was some frustration. is always do politically difficult to name a country with which you are fr

despite the great work of senator stabenow and senator roberts, there was a weak part of this bill, in my view, related to rice farming, and it is such a significant and important part of our farming structure in louisiana that i cast a vote against the bill to send a signal that more work needs to be done. this bill passed the senate with an overwhelming vote. i voted for many of the amendments that i think helped to shape it to be even better than when it came out of committee. we beat back several attacks to uproot, destroy or significantly modify the sugar program which has been a very important staple in the state of louisiana, one of the nation's great sugar growers. as i have tried to explain to people that continue to attack this program, why would you want to end a program that doesn't cost the taxpayers any direct subsidy in this bill? there is zero money in this bill of billions of dollars for sugar. why would that be? because we regulate sugar differently. there are no subsidies like there are for all the other crops. we regulate it through imports. american -- i'm happy to say, american growers of