the man who predicted this, steven pearlstein, is here. what are some of the signs we are seeing in the economy today? cliff from connecticut. democrats line. good morning. caller: good morning. thank you. i have a quick question for your guests. i would like to get his opinion on why there were no criminal prosecutions in 2008. there was a lot of wrongdoing across-the-board, but there were zero criminal prosecutions on that. i would like to hear what he has to say about that. thank you. host: thank you. guest: a lot of us are not happy about that, but having bad financial judgment is not a .rime being stupid is not a crime. being overly optimistic is not a crime. that is the short answer why there were not criminal prosecutions. you have to prove that somebody knew something was wrong or lied about it, and it was very hard to prove such things. there was a lot of self-deception on wall street involved. there were instances where people knew things and did not say it. probably not the chief executive banker of a $20 billion did not know ab

our guest is steven pearlstein of the washington post.e has a new book titled, ken american capitalism survive? -- can american capitalism survive? thank you for being here. from the economy to politics and midterm elections, our look at the race for governors coming up in a moment. louis jacobson is going to join us. first, we traveled to lake charles, louisiana, part of our c-span cities tour. airing later today c-span3n2 booktv and american history tv. we will look at the city's chemical manufacturing growth. start movingeople out of the community? c the first buyout with onoco was about 20 years ago or better. this was part of conoco phillips. a lot of the history started in as far as the martial residence just where this tank farm was many years ago before conoco expanded. this was small. families lived in this area. this was one of the first buyout's the refineries did. families on both sides of this road. the development you see recently has happened in the last five years. sassaw came in in 2013 to start their buyout. volunteer ba

our guest is steven pearlstein of the washington post. he has a new book titled, ken american capitalism survive? -- make america great again. >> i just thought you should know. phone isning us on the the political reporter that reportere -- politico that covers the state. andrew gillum was up slightly? caller: right. andrew gillum leads ron desantis by and inside the error margin marked by 3% or 4%, depending on the poll. that is to say it is probably tied. we can basically deduce that by the fact that leaders within the margin of error. also, it is florida. there is very little reason to believe the ford race for governor will be different in november. host: i want to go back to jacobson pointed out, that florida will be a test case for both parties leading up to the election in november? caller: the election you are seeing in florida, especially the governor's race, is a test of the deepest blue progressives and one of the darkest red trump conservatives. this makes voters take a clear choice. what is interesting about the governor's r