good morning, steve clemons. i do think we are going to get started. welcome everyone here and on the lifevesstream. i would like to welcome you to her third annual economy summit. a daylong conversation on the u.s. and global economies with some of the leading thinkers and posse from sisters in the world. we have two dozen experts and moderators joining us throughout the day. we hope this will be constructed and timely conversation from a variety of this. among those joining us is ranking budget committee member chris van hollen, michael froman, judd gregg, alice rivlin, and many more. we will be livestreaming throughout the day at atlantic.com/live. we encourage you to engage in the conversation on twitter @atlantic_live. hashtagalso use the #atlanticecon be sure to put your cell phones on vibrate or turn them off. forill have an opportunity q and day-to-day. the seven members will have microphones. at the end of most of the sessions -- the staff members allow microphones at the end of most of the sessions. we will have a cocktail party in the next b

joining me now, steve clemons, washington editor at large for the "atlantic" and an msnbc contributor, and david rodin, investigator reporter for reuters. steve, on the political front i was struck by eric cantor today, whose statement reads as if it was something issued in the 1970s or the 1980s in congress whenever there o'would be a foreign crisis or hot spot involving the soviet union, it had that bipartisan unity. it was exactly out of the old playbook of the way congress would support a president in this situation. >> i mean, we should applaud eric cantor for that tone and posture that he set and send it over to john mccain and lindsey graham to remind them that in these times of crisis with a nation that has near-term memory of being one of the world's great superpowers and wants to be again that there are real consequences. russia has nuclear weapons. russia has a lot of pressure points in this that, you know, we have little leverage over. and i think what eric cantor said in terms of laying out the various options and being supportive of the president was really terrific. at

steve clemons and adrian karatnycky, thank you for joining us.ng up what the republicans got wrong for the affordable care act. we don't have time for all the things they got wrong but we have time for a pretty big numerical one that happened today. that's next. alright, that should just about do it. excuse me, what are you doing? uh, well we are fine tuning these small cells that improve coverage, capacity and quality of the network. it means you'll be able t post from the breakroom. great! did it hurt? when you fell from heaven (awkward laugh) ...a little.. (laughs) im sorry, i have to go. at&t is building you a better network. when my son was born, i remember, you know, picking him up and holding him against me. it wasn't just about me anymore. i had to quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. chantix didn't have nicotine in it, and that was important to me. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitatio

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. >> i do believe that what president reagan laid out, steve clemons claimed that vladimir putin was like the ronald reagan of russia. president reagan believed in peace through strength, the best way to make sure that your military is never used is to make sure it is the most powerful in the world. it doesn't promote peace. it promotes risk. by the way, secretary hagel admitted that. i think that's a huge problem. it's precisely because i don't want those troops to be used and i don't want them in harm's way and neither does any republican, that you need to have an army that's beyond challenge and dominant in the world. >> i believe our military in the strongest in the world and i think we've proved that over again. i don't think there's any military that can test the united states drawdown troops or not but i always appreciate you coming on, sir. thank you. >>> a quick housekeeping note. on idea's show we cited a pole on the midwest and said it was conducted for a foreign policy magazine. it was designed by a university professor who is a senior fellow at the brookings institution

steve clemons, thank you. we appreciate it. >> thank you. >>> yesterday another extension for obamacare, the administration will allow insurers to wait another two years before they cancel policies. it's widely seen as a nod to the mid terms. >>> this came within hours, voting for the 50ths time to repeal obamacare, a measure that doesn't stand a chance. in the next hour, president obama will be taking questions about health care at a town hall aimed at encouraging hispanics to sign up. >>> today the senate will hold longawaited votes on the handling of military sex assaults. senator jill jill brand -- lawm will hold up or down votes, no opportunity to amend those proposals. >>> for the first time ever, the dalai lama delivered the opening prayer just a short time ago. right now he is meeting with house speaker john boehner and minority leader nancy pelosi, is scheduled to be with the senate foreign relations committee this afternoon. >>> and we'll take you inside cpac. we've heard from ted chris, paul ryan th

i am steve clemons of the atlantic. person who ise a been supportive of various things you listed as try to do on the economy front but also my previous with the american foundation, explain a little bit about richard vague was a venture capitalist, businessman. he has been thinking a lot about that. not government debt, but private sector debt. he and i have been sort of plodding along to say, is washington, d.c. and our capitals around much of the world focused on the wrong part of the debt equation and what can be done about it? richard vague, more than anyone else i know, is the world leading expert on debt because he was the guy who helped create so much of it. in the sense that -- i'm not joking. you think i'm joking. richard vague was the founding chairman and ceo of a prominent bank called first usa bag. if any of you remember the old credit cards they started there. if any of you have airline mile credit cards, university credit cards, things that give you mileage points, prizes, richard vague basically became

ambassador michael mcfaul and steve clemons, thank you both very much for joining us tonight. >> thank you. >> chris christie paid over a million dollars of new jersey taxpayer money to a pal's law firm to investigate chris christie. and tonight the christie administration is saying that the pal's law firm found that chris christie did nothing wrong even though the christie administration is also saying that no one, none of them have actually seen that law firm's report yet. >>> and later, breaking news from washington state. just minutes ago officials there have announced the number of people possibly missing has gone up substantially tonight. we will have the very latest. l . our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. we thought it was going to be just another phase, but she's a total natural. which makes us karat

steve clemons from the atlantic, thank you very much. >>> coming up, we'll head to washington, where the search for the missing is getting even more difficult. we'll be talking about how this happened. tirement account. before he opened his first hot chocolate stand calling winter an "underserved season". and before he quit his friend's leaf-raking business for "not offering a 401k." larry knew the importance of preparing for retirement. that's why when the time came he counted on merrill edge to streamline his investing and help him plan for the road ahead. that's the power of streamlined connections. that's merrill edge and bank of america. >>> it's just after sunrise in oso, washington, and the scene there is devastating. the death toll from that massive mudslide is rising, 24 now, and families are bracing for that number to go much higher. two more bodies have been recovered, bringing the confirmed dead to 16, but another eight have been located and are expected to be pulled from the pile of trees, mud, and other debris some time this morning. more than 100 people are still missi

ambassador michael mcfaul and steve clemons, thank you both very much for joining us tonight. >> thank you. >> chris christie paid over a million dollars of new jersey taxpayer money to a pal's law firm to investigate chris christie. and tonight the christie administration is saying that the pal's law firm found that chris christie did nothing wrong even though the christie administration is also saying that no one, none of them have actually seen that law firm's report yet. >>> and later, breaking news from washington state. just minutes ago officials there have announced the number of people possibly missing has gone up substantially tonight. we will have the very latest. [ male announcer ] there is no substitute for experience. for what reality teaches you firsthand. in the face of danger, and under the most demanding circumstances. experience builds character. experience builds confidence. and experience... has built this. introducing the 2014 glk. the engineering and the experience of mercedes-benz. see your authorized dealer for exceptional offers through mercedes-benz financial

the third annual economy summit, or the steve clemons lollapalooza.m&tnt to thank you for bank, and other underwriters. we do now have the signature cocktail room open. it is through the back doors. thank you for coming once again. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> a reminder if you have missed any of the daylong summit, you will find it on our website www.c-span.org. looking for reaction on twitter, atlantic econ tweets this. there is more on twitter. have an appeal to the speaker if he wishes to continue this. mr. speaker? >> there is no question in my mind that the arguments and the statements that i set on the by complaint of the members, first that they had not been notified. i don't believe that they were notified. i do not believe truly that they did not get noticed. you totwo, i'm inviting hear a dialogue on my perception of what american policy on foreign affairs should be. -- young to go back didn't tell me you're going to go back to 1972 get clips. 1972 in thi

we are going to have steven clemons and margaret carlson so please welcome richard, margaret and steve. [applause] >> we will put you here and margaret there are. >> we will put you in the middle. >> i'm on the far left here. >> another big shout out. we have camera guys and a ton of c-span folks but it has been all of you may be tired and you all deserve a medal or a mug or t-shirt for being with us most of the day but they deserve to be so i want to thank those have been viewing this and sharing this with audiences all over. [applause] margaret, you are up. >> richard is so great to have you here, real working man. i don't know about all of you but certainly the people i know never really had a job where they work with their hands. i wouldn't know what to do and so we don't have as much affinity i think with how hard it is and this what i see as the war on working people. if you give them any benefits they are basically lazy and they are going to stop working or you give unemployment benefits and they won't work because they don't want to and most people i know including my brother w