joining us now to talk more about that and the other headlines coming out of davos, scott macdonald head of economic research at m.c. asset management holdings. >> i want that experience >> busy day, busy week. >> susie: absolutely. the big debate in davos over this europe's bailout fund, we've got on the one side germany's angela merkel saying, we need more austerity measure, not money in the bailout fund. and pretty much everybody else stacked up on the other side, besides geithner there is the imf christine la guard there is george sorros, many others saying you need to put more money in these bailout funds. what do you think, what is the better strategy? >> well, i think the issue that you're facing is you have to have some degree of economic growth. the problem right now is with the austerity plan, you're follow going to have any economic growth. and some ways it becomes totally punitive after a while for a country like greece which contracted over 5% last year. so you're going to need a little bit more fund on the side, a little more flexibility. and you have to have some degree of

speakers include tim scott and virginia gov. bob macdonaldion. coverage begins at 5:30 p.m. eastern on c-span. next, our coverage from south carolina continues with the republican presidential candidate forum with newt became rich and rick santorum. after that, president obama's about a proposal to consolidate federal agencies. then mitt romney at a town hall with a midget with the veterans at hilton head. -- with veterans at hilton head. >> it is important to emphasize that while it is great to have this memorial to his memory, and it is great to have a national holiday, and it is great to have streets and schools and hospitals named in his honor all over our nation and world, it is also important to not place too much emphasis on martin luther king, the idle, but not enough emphasis on the ideals of martin luther king jr.. >> take political life and legacy of martin luther king, jr., the civil-rights leader, and racial relations today online at the c-span video library. search, watch, clip, and share. watch what you want when you want. >> n