you just can't keep the american economy down, we're resilient, we're scrappy. we get knocked down, we get up again. which is not to say that congress is not trying. you guys probably heard about the great krugman/charlie rose smack down apocalypse. it was kind of boring. but the whole point of the great clash is the guys hate each other and disagree. you have to pick a side. now anything they do agree on, anything that unites the bearded economist guy and the class of '94, congressman guy, anything they can come together on that must be approaching a near universal truth. like puppies are cute and terrorists are bad. and i'm not even sure that joe scaborough thinks they're bad. he may be controversial. whatever is in the middle of the d diagram, that must really be the apple pie stuff. well, here is liberal economist, paul krugman, agreeing that taking money out, the contractary policy is the wrong thing to support. >> would you support an extra $200 billion in infrastructure and education? >> oh, yeah, i talk about it all the time. >> and he does, i have heard

and what impact these kinds of developments and circumstances will have and have been on the american economy. we're going to invite the audience can this very distinguished audience to pose questions. before you i would like to begin to pick up on a critical point that you referenced on corporate governance. you referenced sarbanes-oxley are clearly dodd-frank is out there. what kind of specific advice or recommendations would you have about what's the right balance on regulation? at this time. i mean, you have a dodd-frank document that's several thousand pages, and most of the people say they have never read it. but what is the right balance? what is your advice? >> well, i think a company, different degrees of corporate governance, based upon size of the company, and the businesses that it's in. if you have a global company, as an example, in different types of businesses, you have to rely on management. because i don't care how good your directors are endless they will be full-time directives working most of the time at the company, what are they going to know? they know what you tell th

there are 3.1 million hispanic- owned businesses that contribute $465 billion to the american economy every single year. in addition, we advocate on behalf of 187 major american corporations. we do our work through a network of 200 local chambers and business associations throughout the united states and puerto rico. members are immigrants and we have a unique view of the rule that member entrepreneurs play in building this american economy. bipartisanis a consensus reached by the gang of 8 or a major corporate ceo calling for reform, as we have seen recently from coca-cola, and j.p. morgan, and others. at our national legislative summit, we heard from leaders as andous from democratic republican parties from nancy pelosi to senator rand paul, as they shared their vision for comprehensive immigration reform. what i have learned from numerous conversations from national business and political leaders is that it is not known lager -- it is no longer a question of if immigration reform will pass, but when and how. the united states hispanic chamber of commerce is committed to helping pas

we have going nobody washington, d.c., a political drama that will affect the american economy in wayse don't know for the next period of time. anybody who looks at the stock market today as an indicator of the health of the american economy, is not seeing the whole picture. >> the lowest interest rates we've had since i had hair. natural gas, oil, there are some things happening in the united states that are economically interesting. >> does it help -- >> i completely agree. >> the government -- go ahead. >> i completely agree there are good things happening and the economy is growing. we know that. and jobs are being created. we know that. i'm just saying that thing that businesses hate, uncertainty, has never been more prevalent in the environment right now than it is at the moment in washington, d.c. >> okay. >> it's crazy. >> that's a good point. that's down to the politicians. thank you both very much indeed. >>> a new idea on guns. a couple who saw the tragedy in newtown and said the nra can be part of the solution. they're here next. >>> no one fights for their protection. they

and you're right, the problem is for republicans is that the history of the american economy is that ithdrawal government government spending from the economy, as fdr did, he tried austerity, we had a double dip recession, hoover tried it. the idea of withdrawaling government spending when the private sector is also withdrawing spending, it means you lower gdp. no one has explained how cutting government spending in and of itself creates jobs. they don't have a relationship. you have to have somebody spending into the country. >> joy reed, thank you, and michael crowley, with that great last name. >>> up next, what do you do if you're too far to the right for the cpac crowd? you accuse them ever being in cahoots with the muslim brotherhood. cahoots with the muslim some things, you have to see to believe. the color of our shimmering waters. the beauty of our swaying palms. and the magic of a people... ...and a place like nowhere else on earth. behold...the islands of the bahamas. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it hap

you made and what impact these kinds of developments and circumstances have and will have on the american economy. we're going to enviet the audience, have very distinguished adz yens to pose questions, but before you do, i want to pick up on a critical point referenced on corporate governance. you referenced sarbanes-oxley, clearly dodd-frank is out there. what kind of specific advise or recommendations do you have on what's the right balance on regulation at this time? i mean, you have a dodd-frank document that's several thousands pages, and most say they never read it, but what's the right balance? what's your advise? >> well, i think a company, you have to decide what different degrees of corporate governance based upon the size of the company and the businesses it's in. if you have a global company as an example that's in different types of businesses, you have to rely on management because i don't care how good your directors are unless they are full-time directors working most of the time at the company. way are they going to know? they know what you tell them. if you don't have confidenc

the problem is for republicans is that the history of the american economy is when you withdraw governmentding as fdr did, he tried austerity and we got a double-dip recession. hoover tried it. when the private sec to is always withdrawing it, it's lower gdp. that's simple math. no one has ever explained to me how cutting jobs in and of itself does it. if it's not the private sector, hello, it's got to be the government. >> thank you michael crowley, with that great last namt. marry crowley. i like her. what do you do if you're too far for the cp, the cpac crowd. you accuse them of being in cahoots with the muslim brotherhood. that's ahead. "hardball," the place for politics. y while thermocontrol wicks moisture away. keep moving. stayfree. hi victor! mom? i know you got to go in a minute but this is a real quick meal, that's perfect for two! campbell's chunky beef with country vegetables, poured over rice! [ male announcer ] campbell's chunky soup. it fills you up right. blast of cold feels nice. why don't you use bengay zero degrees? it's the one you store in the freezer. same medicated

. >>> they will not collect a ransom in exchange for not crashing the american economy. ordinary folks, they do their jobs. the notion that our elected leadership can't do the same thing is mind boggling to them. it needs to stop. it's not fair. it's not right. the american people don't think it's fair. >> this is not a complicated concept. >> it's not a complicated concept. the american people are behind him and his working. today, we learned the senate has reached a bipartisan agreement on gun tracking. suddenly, republican senators are upbeat about immigration reform and to the growing list of gop governors embracing the president and the health care law. he's landing political punch after political punch. and the bullies can't seem to get up. >> how is this in-your-face approach working, angela? >> well, rev, i think that you can really see -- you can see the fruit of his labor. right now, the president has held a very hard line to what he wanted to accomplish with the state of the union address. he was very clear about immigration. about gun control about what we nee

example of weather and gps, my monetization, is that together they contribute $100 billion to the american economy last year. last year alone from just those two data liberations. so, that is the way in which we are approaching from a strategy perspective, the ultimate impact to our customers. >> one super quick. one thing the city of san francisco or big cities or federal, right, the other smaller cities, smaller cities have smaller budgets. having a structure to support all this open data takes a lot of money. so, when these small cities are thinking about this, they should think about a way of somehow equalizing because they are putting into having these open data team, right? so, what does make sense? this is kind of an open question to get your point of view. >> do you want to take that, shannon? >> i think that there is actually quite ah few examples. we can probably talk to this more with smaller cities that are making open data efforts. but what i would say is that it's proven more than the value of the investment. the return that we've gotten just by opening up the data has actually given

made and what impact these kinds of developments and circumstances will have and have had on the american economy. we're going to invite the audience, this very distinguished audience to pose questions, but will for you deal with led to begin to pick up on a critical point that you referenced. corporate governments. your referenced sarbanes oxley, dodd-frank is out there. in what kind of specific advice or recommendations would you have about the right balance on regulation at this time. i mean, you have a dodd-frank document that is several thousand pages. most of the people said they had never read it. what is the right balance. what is your advice? >> i think different degrees of corporate governance based upon size of the company and the businesses. you have a global company as an example. full-time directors full-time directors, they know what you tell them. and if you don't have confidence in the management unit company. yet to report to the board. yet have the information that they want and need. we never had that problem with the edgy. the directors came to the staff meetings. firsthand w

or the entire production of the entire american economy wiped out because of this financial crisis and one of the biggest costs which we've not yet realized in the way the ballots were conducted is that we put essentially a bad date over a gaping chest wound and we have the same type of broken financial system that we did in two thousand and eight only with banks that are more concentrated more powerful and more dangerous and all the bad incentives that led to crisis in zero eight in many ways are still in place thus leading to why believe as the next financial crisis there's still chance to do the types of things to keep that from happening which i hope will happen but if left undisturbed whether it's two years four years or eight years it's going to happen again it's just sort of naive to look at all the incentives and all the things that are still in the system that caused crisis before and reserve that for some magical reason they won't happen again what are the biggest challenges for the u.s. economy at this stage is it still little or weak regulation is it the power of the banks

agenda to make government smaller they're going to do it this way even though it may cost the american economy 750,000 american jobs. >> well, let's try to figure out the weight between those two different things. if you're saying for the average american family this is not going to be business as usual, we're looking at 3/4 of a million jobs that are going to be cost by doing this, but in terms of sort of the media reaction to, it the general public's reaction to it so far, and certainly the market's reaction to it today it's cooked in, people have expected that nothing was going to happen and so this apparently is something that we all are going to try to roll with, do you think that latter set of circumstances is inappropriate? should people be more freaked out than they are? >> well, if you're the average american, you should be getting freaked out simply because this new normal is not good. it is not good for the economy to have a ratcheting up of job creation. we've had over 6 million jobs created in the last three years, which is great. 166,000 new private sector jobs last month. but no

viable product tiesed product that is the compressed air in front of the tip of the spear of the american economy, the thing that makes us the greatest in the world, that goes away. you're talking about highly leveraged impact. silicon valley operates on engineers and encoders. >> the thing is we create the best, most highly leveraged knowledge worker jobs everyone likes. we feel the prunt first. it is a big, big shame. >> thanks for joining the conversation this week on your money. we are here every saturday 1 p.m. eastern, sunday, 3 p.m. weekdays 3:30 p.m. eastern and find me on facebook.com. have a great weekend. >>> you're in the cnn newsroom. a look at the top stories now. the pentagon is taking nuclear threats from north korea so seriously that it is ramping up missile defense on the west coast. reports say north korea test fired two short range missiles into the waters this past week. u.s. defense secretary chuck hagel says he wants to make it clear they stand firm against aggression. he says 14 extra missile defenses will be up and running by 2017. >> the reason that we're doing what we'r

an all-time high and a wild ride for the american economy, but what about the millions of americans leftut? >>> changing the rules on what we're allowed to bring on board planes. tonight, the items no longer banned and why not everyone is on board with this change. >>> monster storm. tonight, our team in the heart of that huge winter system making its way across the country. >>> and a field of dreams for a genuine american hero. doctors told him he'd never walk again, but he beat the odds and set his sights on the big leagues. nightly news begins now. >> announcer: from nbc world headquarters in new york, this is ""nbc nightly news"" with brian williams. >>> good evening. the words "venezuelan strongman" so often preceded his name, and for good reason. tonight, hugo chavez has died after a two-year battle with cancer. the long-time president of venezuela was 58 years old. he was treated for cancer in cuba. he had surgery and chemotherapy over the years. he, in fact, pronounced himself cured a year ago. tonight, as reports of his death spread, chavez supporters took to the streets, prayin

miracle the non-inflation adjusted values of stocks that 30 large companies that sort of tracked the american economy 50 years ago are higher than ever. we're back, baby. [cheers and applause] and the best part is we never had to fix our systemic issues. [ laughter ] it got better. that brings us to our new segment "i guess that's one problem we never have to worry about again." [ laughter ] here is the most impressive part of the comeback it took wall street five and a half years to repair the gaping wound they self inflicted. [ laughter ] it's another reason wall street is better than main street, faster healers. who knew that amongst wall street's many charms and talents was the healing ability of wolverine. [laughter] although we already knew they had the damaging power of wolverine. [ laughter ] i sure wish we healed like that. anyhow, the point is we no longer have to worry about fixing wall street, unacceptable risk and volatility issues. the good news about history never repeating doesn't end there. you know what else we fixed? racism. bam! ba-bam! [cheers and applause] like the dow jones ind

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that is why the american economy still works. the charitable side does not work because the same organizations are at the top which reflects how people given who they give it to them it's often brand names and organizations which blocks away from -- and that's what they're trying to get out and i totally agree that is the principle challenge we face. >> host: if i were to put it into sentences -- >> guest: i will try. the current state of affairs is he or she who does the best marketing wins and the goal is the organizations that have the best results and helps the most people should win. >> guest: absolutely. >> host: let's take it from the other side and talk about small charities for a minute. isn't there an implicit message because when you talk about the innovator they have to reach a certain scale and size typicalld and performance driven research base, does an organization have to be a certain size to have the capacity to do that? wouldn't a smaller organization argued that this is an unreasonable requirement? what do you t

run it lean, show they could actually run something before they decide to try to run 20% of the american economy. this is a nice proof of concept that democratic governance can be efficient. here, go run the government for the discretionary spending for less money and have the country not fall apart. a wonderful challenge. >> all right, jared, think of this. you all spend about $1 trillion in government spending stimulus back in 2009. that didn't work. now you want to take out -- now the whole congress, i believe, wants to take out as jimmy said $44 billion in cash outlays. let's try that. let's try something different for a change. now's the moment. >> there's so much i have to cover. let me try to be quick here. first of all, 44 billion is the decline in fiscal year 2013. over the calendar year, the estimate is that -- and this is from the cbo and macroeconomic advisers nonpartisan shops is that this will shave .5% off gdp growth this year. now, you know that gdp for the fourth quarter was flat, but if you look at the year-over-year numbers, which are more accurate, i think. gdp is growing at

marched on the national mall to say you are straggling us, you are choking the life out of the american economy, which is indeed what is happening. could that be done? what do we think the impact would be? >> i will lead it. >> what do you think would happen if we had millions of small-business owners showing up on the national mall and saying , "this is our country too." tothe government is going -- it would have taken 20% of the taxes paid in mexico. almost 1000 people showed up. there were more people outside than were inside. they werezers said tested out there. i am on the same page with you, carly. >> i marched for the first time 1993. life in summer anof it was a proposal to designate 33 million acres of texas as critical habitat. person isle responsive to the level of interest. i think people should march but i think there should be virtual town halls. shouldcannot come you not be disenfranchised from being heard. >> one of the great opportunities we have comes from technology. everything you're talking about technology makes possible. technology allows us to vote on anything, it allows

. >> why are they not investing in the american economy? they returning cash to share holders? >> because of tax policy, i think. >> that is part of it. the s&p 500 is companies headquartered in the u.s. but it's not a u.s. average, but it's a global average. earning surprises in the fourth quarter came mostly from multi-nationals as u.s. corporations are investing and growing overseas, gaining market share, and that's why the stock market is doing a lot better in the u.s. economy. >> usually a stock market discounts what is happening 18 months in advance. i don't hear a conversation now today on cnbc much about where we will be in 18 months. i hear a conversation about, well, you should buy stocks because the dividends are higher than you get in the treasury market. >> yeah. >> well, i think there is an indication that the economy, the landscape is getting better. perhaps that portends to what's going to continue to happen in the next 18 months. >> i would argue it's getting better, maria, but it's also the big downside. the big black holes

. >>> new treasury secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own pe

because nobody that comes here illegally is in any way skilled or would contribute to the american economy to the american economy, which you know, defies our, our entire history. i mean the thing that's so stunning about the 47% comment, that comment, the if i were a mexican comment that he made -- >> the comment that if his dad had been mexican he'd have a better shot of winning this. >> when your tape came out, i was so shaken by it, i was talking about it for, it came out late in the afternoon. i kept talking about it for hours trying to wrap my head around how was it possible that a person running for president of the united states -- leave aside in public -- in private, speak that way about a country he hoped to lead. and it spoke to me anyway and clearly to you as well, that this mitt romney has, has this mindset that has him high above everyone else. in a way that made him, i think unpalatable to lots of people. and your video just was like, the boom, that's it. that's enough for me. for a lot of people. >> scott, in the fix, in the "washington post" shawn sullivan has a great anal

the outpouring response to the globalization of the economy is responsible. if it weren't for women's incomes, the americanndard of living would have taken a nose-dive. >> i think it would be more accurate to say the break down of the family is the problem here and that contributes to cull cheurkt woes and other woes that go with it. >> it's a simple explaintion for a difficult problem. >> i don't think it's something that has been a phenomenal or occurring in the future. it's been going on for decades. >> it's been going on for decades but a couple of decades more women can't find men they want to be with permanently so they have kids on their own. and i don't know the percentages in this survey that we're discussing, but i would imagine a lot of those single parent families that they're talking about are not divorced women, are not widows but they are women that actually went out on their own and had children and i want to know what you all think the impact of that is on raising sons? >> you know, the notion of a vicious cycle is very important here. if men are not perceived in some way equal in their ab

the problem is for republicans is that the history of the american economy is that when you withdraw ment spending from the economy, as by the way fdr did after he did a couple years of the new deal, he tried austerity and we had had a double dip recession. hoover tried it. the idea of withdrawing government spending when the private sector is withdrawing spending, means you lower gdp. nobody has explained how cutting government spending creates jobs. they don't have a relationship. you've got to have somebody spending into the economy and if it's not the private sect dwror, hello, it's got to be the government. that's why stimulus works. >> here is where it always surprises me, people are surprised by things. today on "morning joe" everybody found out mark harmon makes more money than brad pitt because people like mark harmon and he's on television all the time. we have been creating public sector jobs month by month ever since 2010 in this country under this democratic administration. meanwhile, reducing the number of public sector jobs. if you ask the average republican sitting at

and on and on, and it's how to the largest nonprofit sector in the history of the world, and the american economy couldn't survive without it. so this is critical stuff. and it's amazing that we're in this -- we're sitting here and that the vast majority of charities cannot provide any meaningful evidence of their results. >> host: did the standard you have put in the book, i think, is sometimes referred to as the gold standard, where you talk about randomized control trials. i think the notion that charities are going to be able to achieve randomized control trials across the board is never going to be scalable. it costs millions of dollars, tremendous research. also realities where a charity has to turn one person away and accept another person. a variety of challenges to doing that. do you see a way to get the results without requiring that standard for the charities? >> yeah. i think first of all, we saw the charities themselves having them articulate goals and deliver goals and then getting their -- asking them for the statistical approaches to measurement. i would -- the randomized control

you can't just cut government spending willy nilly and think you don't expect the american economy. >> sean: michael, go ahead. >> the we're 16 trillion dollars in debt. our children and grandchildren are going to be absorbing this, they have spent billions, put it in the economy. >> sean: got to go guys. >> it's grown 1%, and not working at some point you've got to say-- >> thank all of you for being with us. see you tomorrow night. >> greta: there are just hours left and the ax is about to fall. >> dark hours, dark days, all starts tomorrow. >> these cuts i think are the best example of stupid government. >> these cuts are going to be real and people will feel them. >> it is a man made disaster. >> there are going to be delays man hours and personnel among our air traffic contollers, that's a fact. >> the republicans want the sequester to go forward. >> this is bad news my brothers. >> the house has acted twice. why should the house have to act a third time before the senate does anything. >> they claim that they've passed two bills to solve the problem. sadly those two bills have e

the engine of the american economy is driven by the small business, and every month we take the measure of the attitude of small business owners across the country. we do this through what's called the surepayroll small business scorecard. they poll 10s of thousands of their members. michael alter is the ceo of surepayroll. michael, the sequester kicked in a few hours ago. i know you have been saying for months that that is one of the key elements of uncertainty that is kind of driving small business owners nuts. > > it certainly is, and i think one of the challenges while it's kicked in is, there's still uncertainty as to what the real impact is going to be. so i think we will see that over the next week to month in terms of what the real impact of this is. this is one of those strange things where you can put two very educated, very credible economists in the same room, one arguing one side and one arguing the other, and you will get a completely different answer. > what are we supposed to make out of it? we certainly don't know. > > exactly right. > and that is not the only element o

you're talking what four of nine hundred rows right back to the end before you start saying the american economy is now so dominated by the financial sectors lending to finance that speculation that it's fundamentally a ponzi scheme now you know i look back at eighty two and i remember i remember quite well in as much as that was the year if my recollection is correct that reagan basically said we're not going to the justice department prosecute and trust any longer we're going to allow mergers and acquisitions leveraged by debt in ways that haven't been allowed before and we're going to allow executives to be paid stock in. ways that didn't work before and that might come a little bit later but we had these m n a artist's and mergers and there is buyouts and all you know this and this is going to school with the whole you know this whole when you history was there a specific point to a specific deregulation i mean i guess the reason i'm asking if you would like to avoid this in the future what did we do that we shouldn't done well what you really did take a back now back to the great depression

but how much impact will it make on the american economy? this place used to make radios. all over the state, abandoned factories bear witness to a lost way of life. but economists warn it can never be the same. >> the jobs that are coming back to the united states are typically lower pay, sometimes fewer benefits, than the jobs that were lost when the manufacturers left. >> even so, this product shows made in america makes sense once again. "bbc news," kentucky. >> jobs coming back to america, but the wages are lower, which is why they are coming back in the first place. finally tonight, imagine collaborating with a classical composer to create a symphony about your home town. the people of toronto had that chance. sounds recorded by volunteers across the city, everything from noisy terrific to children's voices were weaved together with the strings and horns of a traditional orchestra. todd explains his innovative idea. >> the toronto symphony is a brand new piece where i've asked the citizens of toronto, anybody who wanted to, to collaborate and participate in creating t

as they can in any way they can and try not to get caught >> if you want to make processing the american economy you have to get a pledge of some kind of a economical responsibility and reinvest in the country. >> that is a good point. excellent point. there is in the harvard business review a psychologist a woman from ucla writes an article why she thinks hedge funds do what they do and she calls this cryogenic but basically the hedge fund encourages you to break the law in every which way you can. so there would have to be a change for the morality that you are talking about to take place, so the question is how do we get there. >> my question is why is it possible for them to do this when we have companies or industries like the pharmaceutical industry's who sell drugs for inflated prices. and when the government finds out of the side effects and the fcc and all these other instruments coming into play bigot regulated and pumped down and get sideswiped the brands come out and so so forth. they can't make their brands of money and financial institutions. it's like to either role with them or y