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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

joining me now steven moore and william cohen.ot of studies on banks like lehman brothers and how they failed. let me start with you, william. what can we do here? in a sense this a rather damning indictment, whatever you think of the reforms, it doesn't appear they would be able to stop a major bank from major losses? >> you know, erin, your analysis is spot on. obviously they look to j.p. morgan to buy bear stearns, to buy washington mutual, now it's gotten so much bigger that we have the crisis or this $5 billion trading loss in j.p. morgan is because they had so much excess cash of deposits that jamie dimon said they got through in part of washington mutual that they felt the need to invest that money. they can't make any kind of spread on that money because interest rates are low, so they began by taking risk and nobody knew about it. >> this a tough one. jamie dimon addressed this issue of too big to fail and what he said sort of surprised me. here it is and i'll get your reaction. >> we have to get rid of anything that look

let's bring in steven moore, editorial writer with the "wall street journal."ou say that governor walker's victory is clearly a black eye for unions who were supposed to mobilize all of these voters to come out and see him defeated. what do you think about what richard said? should he move on and try to deal with them or do you think the unions need to -- >> this is a tough week for the unions. not only did they lose in wisconsin. by the way, richard is right the republicans spent a lot of money to tray to make sure that walker survived, but the unions spent a bunch of on money, too. don't leave out california, san diego, san jose voters voted for cutting back on some of the pensions because the pension issue, it's one of the biggest issues in the country in terms of finances of state and local government. it's a tough week for unions and i'd say to richard trumka, when you shoot at the king you better kill him. the reason this is a bad week now scott walker has survived and a lot of other governors around the country are saying you can take on the public emplo

joining me is steven moore, senior economics wri s writer a wall street journal." when you look at the news from this week, what worries you the most? >> what worries me the most is the sectors of the economy that really looked like they've been picking up over the last couple of years. let's talk about manufacturing. we've seen a big rebound in manufacturing, employment output. >> it's a big bragging point, too. >> exactly. >> now we're starting to see that recede. banking, too. banks had been doing a lot better over the last two, three, four years. this week we get hit with the news there's a downgrade in seven of the major banks in this country. that's what worries me is it looked like some of the industries that were going to plow us out of this malaise now seem to be suffering as well. and i'd also say the jobs numbers. we're just not creating the pace of jobs that americans were hoping for. >> so the politics of this in terms ever congress or what congress and the president get done, does this move anything, do you think? >> yeah, i really do. if we get a cou

steven moore an editorial writer with the "wall street journal," bob herbert, a distinguished senior fellow. you're not buying it. >> no. two operate issues, employers unable to find qualified workers and the much larger problem of all of the unemployed in this country. if you have trouble finding workers in your company you pay higher wages as far as i'm concerns. if wages get high enough you'll be deluged with applicants. >> what about training in? train workers yourself. >> on the job training, that's been the way of corporate workers in this country since the beginning of the industrial revolution it seems to me. >> it's chelear there are slor r shortages of elite workers. listen to what facebook's chief operating officer told the president earlier this year. >> every company i know, my own included, we're desperately trying to hire for people but it has to be people who have technical skills to meet the jobs we need and it gets harder and harder to find them. >> all sorts of industries are complaining they can't find qualified workers. a manpower group surveys says employs are r

know rush, but really it's more about what the vatican has been doing to quiet them and >> win by steven moorezed economics of the right. the voodoo economics that says lowering taxes raises more revenue and that less government spending generates and increase in overall demand. theirs is a world of alice in wonderland logics and numbers fabry gated we a looking glass world will support it. the most amazing feature of the nearby chart which is rarely ever noted is when spending declines, the economy boomed under president clinton. they continued maybe it was wrong. there was a dekleining line during the clinton years. the chart is not about spending it is about spending as a percentage of g.d.p. spending did not decline during the clinton years spending went to 1.8 trillion in 2000, an increase of 27% and it increased every year, not the decline they fabricated. government revenue went up from 1.15 trillion in 1993 to 2.02 trillion, and increase of 75.4%. clinton raised travels, spending went up, taxes went up and the economy grew. more spending helped. raising taxes helped. the economy flouri

steven moore with the wall street journal editorial board is with me.d mafrten and john avlon. this is genius. gets tax cuts for the middle class, republicans don't want to vote against tax cuts. >> erin, i don't think we can wait till january to get this resolved. you have a lot of issues out there right now. every business in america don't know what the capital gains tax is going to be next year, what the dividend tax -- >> yeah, but, what about this specific issue. >> holding back the economy right now. i think it has to get resolved as quickly as possible. if it doesn't, it hurts the president's reelection prospects. who wants to invest in this tsunami of -- >> hold on, stephen. i know what you're saying, but you're not answering my question. >> okay. >> would in strategy work, where you let them go away for everybody? that's playing roulette for the democrats. >> i don't think that republicans quite rightly are going to go ff any deal that doesn't cut the rates for everybody -- keep the rates where they have because they're all scheduled to go up n

let's bring in steven moore.nk, the money is so cheap, let's borrow more of it and use it to build infrastructure and bridges and electrical grids and high-speed rail and resist the instinct as our conservative to say, no, no, you shouldn't borrow money because people say, you borrow this money and you saddle our grandchildren with the debt. they'll get the bill. i got the bill for someone else's irresponsibility and we'll leave a great electrical grid. someone's got to buy something, and they get to use it. they get a crumbling economy. >> it depends what you use the money for. for example, high-speed rail is the biggest wastes of money there is, so i don't see any long-term benefit from that, but it is true when they've got basically and christine was right. people around the country are basically giving us money and paying us to hold on to the money, so it's cheap as it's been in 50 years. >> do you see any benefit to that? to borrowing money when it's cheap. >> number one, we've been doing that in spades unde

this afternoon, steven straussberg and tyler moore led them to a win over the blue jace and swept backs for the first time in 24 years. top of the second, tyler moore facing kyle drabek. two on. this into left center field. a bounce over the wall. it gives him his first career rbi. nats have a 2-0 lead. top of the fourth. moore at the plate. one on. not for long. this is gone. over the fence, his first major league home run. >> save that ball. >> moore went 3 for 4, two rbis. straussberg strikes out rasmus here. eight strikeouts and nats sweep their second straight series 6-2 is the final. >>> in baltimore, o's and pirates. chris davis is batting for the o's. he will muscle the pitch the other way off the top of the wall. j.j. hardy flying around the bases, he's booking. he's going to make it too. davis on second with an rbi double. jake arietta on the mound in the top of the fifth. he gets mccutcheon swinging. seven innings and seven strikeouts. o's beat the pirates. >>> redskins wrapped up the practice part of their mandatory mini-camp today. the last round of offseason workouts unti

steven moore. right before i got off the train on my stop, he came and introduced himself to me. he he watches "squawk on the street" and interesting to get a view of a recent graduate of college. welcome. >> thank you for having me. >> what school did you go to? >> wheaton college. >> how many kids go there? >> 2,500. >> we never met before. >> no. >> you are an avid watcher. what is the general feeling right now amongst some of the graduates with regard to something like the job market? >> the job market? we are having to use a lot of connections. we are noticing that companies are a little hesitant and so it's tough to find opportunities to get a jb. >> what was your major? >> business and economics. >> you told me something that blew my mind. >> where are you going to look for work? >> i'm going to houston to work in the oil and gas industry, hopefully. >> you can't make this stuff up, carl. so, you know, what's your degree in again? >> business and economics. >> business and economics. you think natural gas and texas with opportunities. why do you think that? >> i think that

let's ask steven moore, a senior economics writer at the wall street journal.or those people who are free loaders on the system. if they're not going to fine the system, they are he' going to have a penalty. why do you think that somehow this equates to a tax to everyone? >> the courts decided this the other day, didn't they, alisyn, there's an old saying, if it looks like a duck and quacks like a duck, for those who pay the taxes or whatever they want to call them pretty darn expenses. the taxes phase in over time and next year might be be modest, by 2015 or 16, for families that choose not to buy health insurance talking a fine, alisyn could be over $2000 a year. >> we have an example that have. in 2014, the penalty or the tax, as you call it, will be $95. and that's modest, fairly modest, if you say by 2016 for one adult, that goes up to $695 and then for a family you can see that it's upwards up to 2000 and again, those are for the people who don't-- who don't have insurance and people who would, the administration call free loaders. how does it translate t

sean shannon, jay moore, libby revat, edward towe, helen quong, giddy burrows, luke jillian, michael sward, steven curo, shelly er, sophie brian, catherine howard, patrick dowd, francisco ris. >> good evening, commissioners, thanks very much for hearing this tonight. this is my son, he wants to say a few words first. >> my name is lehman. i play on the travel team. 50% of my games are canceled because the fields are closed. when i was -- i would like the field to be turned into astro turf. >> so, commissioners, i coach liam's team with a couple of other parents. we've been very active and involved with kids soccer in the city. we've seen how successful crocker amazon has been. you go there, it's an incredible sight to see on a saturday morning. there are hundreds of kids that are there and i think beach chalet, i play there, played soccer there, played irish football there, it's a great facility. i think it could be used to its potential. we've got rugby and we've got lacrosse, we've got baseball, we've got so many sports that would benefit greatly to have the field astro turf'd. i know everybody'

moore's return to the lineup saw the rain instead. game one of the nats/braves' rematch was postponed. august makeup is likely. meanwhile, stevenupposed to pitch tonight will start tomorrow instead. rain coming down in st. pete as well. the orioles, facing the rays. but, luckily, the tropicana field has the a roof. like scott facing his opponent. with the bases loaded. he is going to make his former team pay. slaps a base hit into center. bj upton. matt joyce score. rays take a 2-0 lead. a 36-pitch inning for chen. two batters later. matsui makes it worse. to-run shot gives the rays a 5-0 lead. your final score. os have lost six straight. big night at city field. check this out. melts hosting the cardinals. santana, just one out away from the first ever no hitter in mets' history that if have been around since 1962. santana struck him out after 8,020, the mets have it on their books. padres the only major league team without a no hitter. >>> in the nba appears randy whitman and the wizards are closing in on a two-year deal to make him the team's head coach. an announcement could come next week. the wiz, 18-31 after whitman took

. >>> in sports, nats home against the braves, michael moore made his first appearance after battling an injury but the star of the game was steventrausberg. he struck out 9 batters. jesus flores, with his second home run of the season. gnats win 2-0. orioles in tampa tied at 1. slow roller to 3rd. throws it past the first baseman that is your game winner they break a 6 game losing streak. the team wraps up the series later this afternoon. >>> nba playoff, game 4, spurs and thunder, first half oklahoma city shows good ball movement go up 55-43 at the break. veteran spurs didn't go away easily they made a run in the second half, got the lead to 3 in the 4th period. thunder, even up the best of seven series with the 105-103 win. game 5 in san antonio. >> stanley cup finals, game 2 in jersey, devils trail in the third, until carter find it is back of the net it goes into overtime but in overtime, jeff carter, kings win on the road in overtime to take a commanding 2 games to 0 lead. >>> game 4 nba playoffs bewean the heat and celtics tonight. this is the second year of the big three for miami. do you break up the team if they don't w

steven hanks, the man who heckled bristol in foul, saying he give permission to be for her reality show, trip."s a claiming the incident caused him emotional distress to the tune of $75,000. >> demi moore's daughter planning an intervention? online reporting that tallulah are that demi is headed for relapse. she looked healthy last week. at tallulah's graduation. president obama has another star packed fundraiser tonight in new york. a.j.? >> it is happening here at sarah jessica parker'slace. caught up with another president's biggest rock star jon bon jovi. is a crusader for a campanerds and obama, but is this ditch the mic run for office? secretary for entertainment, a position inr cabinet in the second term. think that's it. secretary of entertainment, in. >> it could happen. did couns tom cruise for ages."f did you t tell him? >> breathe in and breathe out. it is that easy. >> "extra" one-on-one with bon jovi in new york. home the beacon of hope coveted house's of broadway gala. >> the mission is pure. they are doing good work. >> bon jovi hard at work on obama's re-election. >> it is a hot one. >> even hitched a ride on air force one in this political video. >> how cool is that? on