think the fact t th oil h h $32 a barrel in jnunuy and feuary really hbled the russiaia..rnme was preparing f f $20 a barrel oil. atat'sow bad thhgsgs had tttten they were e lklkin aouout shshp sharp budgdget cuts. w with oi back around $80, maybe humilitits on the sidelines. i n't know what you're f fliling in terms vibrancncy a and ergy therebubu the economy has certainlyy bnn crcrusd. th put some humility oththe blble at l lst for a a ltle while. well, uu do stilill elel ththe--look, thehe economic dodownrn is hit h he just le it's hit everywhere e arndnd t woworl by the way,n my interview with the president, did talk a abo it. joe, you'lll love is. it's all ououtour man joee biden. iasasked the p psident about vie president'siden comommess that they misread ththee enomic situatatiowhwh they came inin. in that yy that president obama has become apt tdo, he vevery ntntlyolled back the comment. take a listen. >>atathethan say misread,, w w had ncncomete ffortion. we came inananua 20th.. itas onlyfter theiit quarter numberss came in, as you'll rell, thh eererody loed and s

otherituations like ikeaa who basic laii announced thahat they are noo longer going to exexnd in russiaia because of t krumumgz you have the s sittitionith telenor where they b bically are in t t p pross of l ling a$1.8 billion assetthrough corruptionon. you have the case e bhehe case of shehell where t thearart wi a $$ billioio e envononntal finene until they soldff of their project to gaspspro you cacacocomep with afew headlines s abtt guys comingng bubut can tell y y thehe story about otothe getting sququeed d out, includingngysysel >> whatt is your advice forhoho ekekinto invesest russia? my aicic is they shohoul't't until they know the itittion. i'veve investedd now in about 2 differentt countries and i've vever en negative like it in ssss. so the b boa o of director necessssar epsi, i wouldtell them that they y weeing irresponsisiblwiwi their monene anthe safetyff their emoyees by king further investments s russia. this is exactlyhat -- >> we'llqualify, eses are your ininio, right?t? yes. >> and throughyoyour experiencee do you know if it's got any better sce mvedev took ovov?? do y

so or soo is a prettyy big prpric and is certaininly a price which the arab countries, russiaia, enezuela, ll the big producers can do very, v ver well. and it's also wll in excess of the cost of finding oioil. >> all ght. wiwilb, great cocoersation. weoo appreciate yourrime t tayay d d are peciallygrateful given that you'vee epeppe in front of theamera forss while you're there at t the alan nfnferce. we'lll see you soon. >>ee you oooon, maria. thanks foror hing meon. >> w we' watchinggew developments for t the ppipplan. wilbur ross. is the white house in n farrf a second stimulus? up next we're t talng about more spending. is it needed too f f the econo? is a second stimulus a actllll hurtful for t theonger term? babackn a moment. ??@ >>> welcomom back. over thehe weekend, vice presist joe benen made a stunning admission about thee admimiststraon's estimation of e nation's economic weweakssss.r >> thehe trh is, there ss a misreading off j jus how b b an economomwewe inherited. now,w, i notlaying-- it's n r responsibility. so the secondd ququesonon bebem dididhe economimipapacke weutut

let's look at t th r rests of this t triinin russiaia.w wer exanand,ucuch as they were whennreresint putin and presiside b bus backnn their r fit t eting, and, yeyet, by the end o ohe week the president t of russia was bacacay warning our ameririca prpresent that there will beo cuts in wpons if he d doe't anando the missile defense system. at the g8umumt they kkekedhe cadown the road. they said we'll deaea wh clatatchange and the problemem of a nuclear iran and thehe u.n.n. - >> i is dng anythingg ririgh >> wt to stick on th.. should t the b b aouountility fofo allegeded torture your r n the bush administratition >> as i readd whatolder is thinking about ining, it's -- wellll, pointiningomomne to investstatateeople who acted ououide of the guidelines s s y ee jtice department lawyers. tnknk if thaha is actuallyy what's comomeoo ght, he doesn't have mucuchhohoe but to do thaha because e wh's'seen defendedd i therorosition that inside those guidelininese'e' not goiog to g g a aft people. i want to bton this up w wit both o you on one topic,

the president begins with his cocoersation in russia,, the similaritiesesitit russiaia aar unfortrtatatelcan whohopepent much of his life as a cpitalist in russia before leavivi and s srtrtin th xaultonlnlincocoand fofoerer ambassador acknowledging variables himself and former vernor iot spitzer diususng the sisimiririti that exist not t on b beeen thiis,ut ho the social problems and ststctural problems, theflaws d d e failurure to enrce the rus s of cacapilili thatreate basically money sucucke out of taayers and warehoused with those good atuuckg it out of ththe x x se but ging us nothing in rurn excepep foroo money. one e ofhehe i ico of this behavior t thayoyou'eeing in ruruss is the followowin pictur ich was a ptyty. surely a fun one. tellman ismalogiv and bugug in papari hilton andothers. the most interesting thing isis theyhoho hundred dololrr lls in the roro. thing wrong with that t if you made the moneyey as oppose t t stealiling it. carlrloscoco over here. >>reree going to do t the j jry maguirire g?g? we have a greathohowomominup. mimichl l jackson alall i i ono acac also goingn

the presidt heing to russiaia. >>> that's r rht.he esident, p psident o obama, isow in moscscow for a present.-stakes summit witrussis he arrived with h threst of th firsrsfamily this mornrnining. the major issuonon t the table, dung t number of nuclelear weapons held by each country. our senior white house correspondent jake tapper is with the president and now with us this morning. good morning, jake. >> reporter: good morning, chris. well, sources with both president obama and russian president medvedev say everything is on track for an announcement later today of a joint understanding that both will commit to reducing the nuclear warhead stockpile from roughly 2,200 per country to about 1,500 but the devil is in the detail, of course, how to verify these commitments and how to reduce the nuclear weapon delivery system such as nuclear submarines which the u.s. has more of, in addition, the russians want the u.s. to commit to getting rid of their plans for a missile defense system in eastern europe which the u.s. does not want to

had to be e more important than o our meeti with russiaia on prucing nuclear weaps, strategicic nucleright, op-eds. >> "the washingtgton post,and this i is a question n i've bee very curioious aboutecently. >> w well, iope michael ansrs itit for you. what does he say? >> i i thk he r raises more questions. e stimulus packe hasn'teen very stulating as many econonomists predict. poururing mon into the economy ththrough a thihirsty sponge of federal programs the preferred methodod of congss is sllow and inefficicient. in retrosct, all of the stulus fund should have been given n to indivuals directly fromhe tap. therere are litical implicatatis of a weak recovery, none of them goodor the presidedent. obama' spending ambitions woulud have been jaw dropping eveven i the best of ececonomic mes. fedelspending is abobout 28% of gross dmestic roduct, a figigure exceeded only when franklinn roosevelt t was f fighting a gl war agagainst germany and japan alg thefiscal p pathbama has chchosen,ccording to the cbo, our nanationalebt will more tn double i in ten yes and will amounto 82% of the entire