stephen moore of the "wall street journal." dan balz of the "washington post." i'm candy crowley and this is "state of the union." presidential campaign and democratic sources confirm members of the president's re-election team told top congressional leaders this week, no re-elect money will go to house or senate democratic election coffers. at least until after the election. although the president and top officials will help in other ways. sounds like every man for himself. joining us this morning, one of the lawmakers who spoke to the president's campaign team, senate democratic leader harry reid. thank you so much, senator, for being with us. >> my pleasure. >> i want to start out, though, in an entirely different place in the world. that is in afghanistan where this morning we are learning that an american soldier went off base and opened fire on civilians, young, old. we're not sure at this point of how many -- cnn's reporting is that 14 people were shot. we don't know yet how many of them fatally. he is now -- he turned himself in, apparently, after this.

bob herbert and stephen moore, editorial writer for "wall street journal." bob, the economy is adding jobs. we can see from charts. unemployment rate falling. no question about that. is this a statistical jobs recovery or evidence life is improving for anybody really. >> there is really a recovery in jobs, beginning with couple hundred thousand jobs a month. a couple of points. one, we were in such a deep hole, that was not enough to help us climb out of the hole. two, the quality of jobs. the quality of jobs are not great. a lot of the jobs being created are part time or low wage, whatever. those are two reasons people don't feel they are in a recovery. >> let's talk more about feeling. september, 10% of americans described conditions as good according to a cnrc poll. that number has risen steadily. today three in ten americans say things are going well. a consumer driven economy. so can the economy recover without the consumer feeling better? >> absolutely not. the consumer doesn't feel better. as you've shown with your graphs, it's a two-speed recovery. s

this is what stephen moore wrote. in 1995, the u.s.logical survey estimated 150 million technically recoverable barrels of oil in north dakota. in 2008 that number was up to 4 billion barrels. in 2010, geologists put it at 8 billion barrels. this week, given the discovery of a lower shore oil, they announced 24 billion barrels of oil in north dakota. current technology allows for the extraction of only about 6% of the oil trapped up to 2 miles beneath the surface, so as the technology advances, oil could exceed 500 billion barrels. this is north dakota. there are bigger place is under development now in south texas and in west texas. i will give you examples, the monterey formation in california may contained 80 billion barrels. at least part with something that washington does not want to deal with. at least -- the idea peak energy is a stupid idea. it does not exist. it is a technologically limited model. it has been the basis of american energy policy for 40 years, and it is wrong. the president will never learned this. one reason i

moore had a question for you. >> stephen moore here. great to see you.hio is the battleground state. by your state is probably the biggest prize of all in november. and you know the scuttlebutt in washington is that no mat whole the nominee is, that the best vice presidential nominee would be your state -- senator from the state of florida, marco rub rubio. why do you think whether you put santorum or romney or gingrich, if they put somebody like marco rubio on that ticket, do you think that would help the deliver the key state of florida? republicans can't win if they can't win the state of florida? >> yeah, i think there would be a blood selection. senator yub yrubio was the speaf the house there. he has a great story. he is well known across that state. he is someone who brings a new and vibrant energy to the gop and also to the race. i think he has a great vision for this country as well. >> sarah palin says it should be you. here's what she said. >> you know who i would like to see considered for the vp slot is colonel allen west. in this very testi

but this morning, stephen moore had something that was so astounding i want to beg your indulgence. this is what he wrote. in 1995, the u.s. geological survey estimated 150 million technically recoverable barrels of oil in north dakota and able 2008 the number was up to about 4 billion barrels and in 2010 geologist's in continental resources, the major geological -- put it $8 billion. given the discovery of a lower shelf of oil, they announced 24 billion barrels of oil bank in north dakota. current technology allows for the extraction of only about 6% of the oil trap 1 mile to 2 miles beneath the earth's surface, so as the technology advances, recovery of oil could eventually exceed 500 billion barrels. this is the north dakota. there are bigger plays under development now at eagle forge shale in south texas and wolfe camp texas. i'll give you examples. the monterey formation may contain 80 billion barrels. let me start with something washington doesn't want to deal with and in particular liberals don't want to deal with. the idea of peak energy is a stupid idea and does not exist a

stephen moore is a senior writer for the "wall street journal". good morning to you. >> hi bill. a lot of details in the ryan plan, and just as a bullet point, this is what ryan is trying to do, lower spending levels to a trillion dollars, below caps put in place by the debt ceiling debt and avoids pentagon cuts, with $110 billion in cuts elsewhere. do you think he has the only realistic budget on that the table today in washington? why? >> he does. this is a little bit of tough love and i love his video because i think he's basically trying to highlight something to the american people that i think most of us know, which is that this is a titanic that's headed to the iceberg if we don't turn this fiscal ship around. you know, you mentioned the trillion dollars of spending cuts. we have accumulated $5.1 trillion of new debt, just in the last four years. if we stay on the current baseline, bill, and do nothing, just allow the budget to stay on automatic pilot, we're talking about another $10 trillion in borrowing over the next ten years. bill pill if $15 trillion isn't good -- $15