when we return we'll talk about tim geithner. course went out today and said the banks, there is nothing we can do about poor us. i'll correct him in a massive way when we come back. ♪ this show is my fix. [[vo]]this former two-term governor is ... time for the number of the day, 280,000. that is the number of children that will be kicked out of getting school lunches and breakfasts if the republicans get their way. in fact it would be part of overall 1.8 million people being kicked out of basically the food stamp people. and why are they going to do that? one, my god we don't want you to get comfortable. it will make you lazy. get alone of allen west. he says: >> yeah that's the problem. the poor are just way too come forable. right? by the way they could restore that and those 280,000 kids could eat if they just got rid of the oil subsidy. we would have $7 billion left over. but the republican priority is protect the oil companies, and make sure that you kick the poor, and kick them out of that program, because you wouldn't wan

when we return we'll talk about tim geithner. course went out today and said the banks, there is nothing we can do about poor candidate, an image where romney is anti gas. battle speech right? may i? [ horse neighs ] for too long, people have settled for single miles. with the capital one venture card you'll earn double miles on every purchase, every day! [ visigoths cheer ] hawaii, here we come. [ alec ] so sign up today for a venture card at capitalone.com. and start earning double. [ all ] double miles! [ brays ] what's in your wallet? can you play games on that? not on the runway. no. break the ice with breath-freshening cooling crystals. ice breakers. time for the number of the day, 280,000. that is the number of children that will be kicked out of getting school lunches and breakfasts if the republicans get their way. in fact it would be part of overall 1.8 million people being kicked out of basically the food stamp people. and why are they going to do that? one, my god we don't want you to get comfortable. it will make you

here's tim geithner. >> we have to remind people that we live in the global economy.ed yobd what happens beyondç our shores. as we tau what happened in 2010 and '11, that caused growth to slow here. but we're gradually getting stronger. we're in a much stronger shape than we were 12, 18, 19 months ago. europe is doing a better job of managing their crisis. even though they've got a tough, long road ahead of them, they've been doing a much better job of providing common stability and financial force behind these reform efforts. >> i talked yesterday to austan goolsbee and he says he thinks odds are 50/50 that private forecasters are right and we are looking for growth of 2 to 4% of gdp and if it's at that level, you can kiss job efforts improvements good-bye. >> the most important thing, the most valuable thing that we can do for the economy now is for congress to act to pass some concrete things that would strengthen infrastructure, help export growth, take advantage of lower rates, prevent student loan rates from increasing, as you heard the president talk about thi

tim geithner is a quasi-wall street ceo. you know, he has oversight over them, in some respects. e works with them in other respects. >> narrator: now on phone calls with hank paulson and ben bernanke, geithner argued they might have to follow the bailout playbook. >> geithner tells paulson, "i believe we are going to have to put government money in. and you'll not have credibility if you say we're not going to do it and we are." so we know there is that tension. >> so hank paulson's sitting there. and it turns out that we're having the largest crisis wall street has seen since the great depression. and he's at the center of it. and at this point the question becomes, what does hank paulson do? >> narrator: paulson was under immense political pressure. >> you had a conservative secretary of the treasury and a conservative administration. there was a lot of right wing criticism over bear stearns. i had the republican members of the committee of financial services wanting to tear into paulson and bernanke for what they did to bear stearns. >> do you really think we can believe exact

secretary of state hillary clinton and treasury secretary tim geithner are due in beijing for critical military, strategic and economic talks. whit johnson reports. >> reporter: following reports the chinese dissident has taken refuge in u.s. embassy in beijing, state department spokeswoman victoria nuland remained firm. >> i don't have anything for you on that. >> nothing at all? >> nothing at all. >> reporter: the case is extremely sensitive ahead of the annual meeting between the u.s. and china. secreary of state hillary clinton and treasury secretary tim geithner are expected to begin talks thursday, centering on trade, the economy and nuclear tensions with north korea and iran. chen will be the elephant in the room. and reportedly some u.s. officials have departed early to negotiate his fate. >> we're going to make sure we do this in the appropriate way. >> reporter: john brennan stressed the importance of improving chinese/u.s. relations. >> i'm not going to address the issue of mr. chen right now. we are working very closely with the individuals involved in this, so i'm going to

democrats conveyed this point to obama during the transition when names like larry summers and tim geithner would be raised. i describe one in the book where a prominent democratic senator from the glenn harris says -- from the clinton era says these are the guys who helped create the problem. obama was receptive and understood the criticism. he said i have talked to larry and him and they have changed. he really did not want to hear it. tavis: i am not trying to demonize the president, but that almost speaks to a certain level of naive a te. you really believe that in washington, people change their stripes? if your taken with his brilliance, i get that, but if you are running on a platform of hope and change, and we are not the only bright folk in the room, one not bring on some other people and changing the way -- why not bring on some other people and change the way things work? >> one of the things we have to understand about obama is, even though he ran as an insurgent, again the establishment, he is very much and the establishment by himself. when he burst are running for senate in 2

that assisted in evacuating jews. >> with a hushed audience the comments of treasury secretary tim geithnerlecting on his predecessor during the roosevelt administration, the longest serving treasury secretary, who served during the entire administration of franklin d. roosevelt and his efforts in trying to get more information and ultimately stop the holocaust responsible for the death of at least 6 million jews during the height of world war ii. this is the holocaust day of remembrance here in washington and around the world. >>> well, another day in history, april 19, 1951, it was not a good year for douglas macarthur, the military general after almost losing a war in korea that seemed that he had won, he was dismissed by president harry truman making headlines around the world in an investigation on capitol hill and on this date for 37 minutes in the chamber of the u.s. house of representatives general douglas macarthur held america in the palm of his hands. those are the words of pbs's american experience writing about macarthur, his famous old soldiers never die speech and runs 37 min

tim geithner, unlike all secretaries of the treasury, is getting very political.ed by this last night, and i say this -- i am an acquaintance of his, i have good personal relationships with tim geithner, i may disagree with his policies but i basically like the guy. however, he called hubbard, bush's former economist, he called hubbard a hack, all right, republican economist, for something he wrote in the newspaper. that's wrong. he has criticized paul ryan, he has criticized mitt romney directly on their policies. that is extremely unusual and extremely partisan. most of the time a position like the treasury, which has to work with both sides of the aisle to get key financial legislation through, doesn't go out on the campaign trail. and what i thought i heard from tim geithner, and i've heard this before, is he is on the campaign trail, and i'm asking him to cease and desist. i think it's unseamly if you go back in history. even chief baker, when baker became treasury secretary, he put aside the politics because he had to work with both sides of the alon tisle o

tim geithner well clearly there are not that many people we can trust in washington d.c. but you know another thing that i've spoken a lot about what about the role that the media plays in office i mean you would i find it so frustrating right that nobody has been held accountable for the this is going on and a lot of the time to even throw take the piss sticks out there and say i know that you had a couple words to say about erin burnett and what you call her defense of the rich that i want to hear more about it i mean is there is erin burnett really the bad guy or is a c.n.n. the bad guy you know that hires there and gives her a show and puts her out there as an unbiased news anchor. yes go to this is not a problem of just erin burnett she just happens to be an easy symbol of that because she takes every opportunity defend the rich to defend the system to defend the government to defend the pentagon or you name an establishment and erin burnett will be out front defending it but it's definitely not just her it's i the c.n.n. is part of the problem too it's not just them

i have no faith that any of this is going to get fixed out well you know i finished it because tim geithner treasury secretary of course was just saying at the end of this year we're really going to see a test of government to see if they're even capable of governing because we have so many tax cuts that are expiring because so many decisions on the budget are going to be need to you know need to be made but that's the last i think a critique of what the president's going to have to do and more of you know of course pushing this responsibility on to congress but so do you think that that's even you think that's a farce that they've already proven they can't rule that there are incompetent. and well illuminate let me decide for greater for you because when he says a test of our own government. what he's saying is it's a test of how much we're going to cut for the middle class and keep the taxes for the rich now why why soon ok because at the end of two thousand and twelve if they don't do anything actually all the tax cuts expire which would be terrific now look i'm of this school conservati

he dispatched a swat team of investigators of the federal reserve to bear's headquarters. >> tim geithnerlly involved in trying to figure out what's going to happen if bear melts down and how you need to prevent it from going into freefall and dragging down the rest of the financial sector with it. >> by midnight, by 1:00, 2:00 in the morning everybody and their mother has teams at bear. morgan, the fed, the s.e.c. and they find out bear is stuffed to the gills with toxic waste. >> bear was party to complicated financial deals. >> nobody understood how subprime mortgages had proliferated through these things called credit default swaps and nobody understood how they'd gotten into the blood of the financial system. >> geithner learned bear had made credit default swap deals worth trillions of dollars all over wall street and around the world. >> because bear stearns was so indebted to so many other people their failure to repay their debt or pay their debt would cause a cascade of other failures. >> geithner saw what central bankers fear most: systemic risk bear was frighteningly interconn

. >> reporter: treasury secretary tim geithner did not contest that stat this morning but did say the republican argument is incorrect. >> a lot of the early job losses in 2008 affected men because they affected construction and manufacturing and as the crisis spread and state and local governments were forced to cut back on services, fire a lot of teachers, that caused a lot of damage to teachers, too. >> reporter: the obama administration wants to see two decades of taxes from romney but they'll see the last two years. >> frankly, i'm not sure that's the key issue americans are worried about. >> reporter: we know president obama's 2011 tax rate was 20.5% short of the buffett rule's minimum of 30% for the rich, but don't expect the president to write the treasury a check for the difference. >> that's not the way we operate our tax system being okay? we don't run bake sales -- system, okay? we don't run bake sales. we kick in according to the r: all this 204 days until the election. >>> clean-up begins after severe storms and tornadoes destroyed parts of three states yesterday. five p

. >> reporter: on sunday treasury secretary tim geithner fought back. >> a lot of men have lost jobs. a lot of women lost jobs later on. >> reporter: romney said he picked a long time aide to -- for the selection process. >> it will be in less than a half an hour with the extended interview on nightline at 11. >>> dandelions are starting to pop up in your lawn. if you hire someone to kill the weeds, make sure they don't kill your wallet. >>> who better to receive the william donald schaefer award. >>> weather wise, 90. way before average. 87, your two degree guarantee. we'll talk about our chance for rain. it's not going to be there tonight but will it be there by the weekend? we'll have the answer straight ahead. >>> you have weeds taken over. how are you going to get your lawn under control? be careful who you trust on your grassments jrm -- grass. joce sterman has more. >> reporter: spring means a lot of work around the house but not everyone wants to take on the challenge. >> if your lawn care looks overwhelming, just a few things you want to know. >> reporter: angie barnett with

the tar, bringing in a team of rivals as obama talked about, all you had was larry summers and tim geithner. both of them have their control over the policies that led to the crisis. in my mind, that opened the door to the tea party. it opened the door to right-wing populism. people saw in this white house favoritism towards goldman sachs and the banks. the problem was the left populism has not emerged until now. for too long, many felt with the bomb in the white house that things would be sorted out. that is where movements become important. every administration in modern times has had to deal with insurgency's or movements on its left and right. reagan in many ways was a movement president. i say that with contempt for what he did in damage to this country. you need to see the pendulum has now swung. the tea party in many ways has lost a lot of this mojo because of overreach. it is out of sync with the values of so many people. we could have seen that in the summer of 2009. one of tea party people stood up and said "government, take your hands off my medicare." you see how internalized th

which is why it is so odd when tim geithner says you legislate away stupidity no but you can prosecuteu begin to think we haven't learned anything. the bad guys are still playing games, and we're going to get stuck with the tab. those who don't learn from history are bound to repeat it. get ready. that's my view. ♪ [ male announcer ] cookies with smooth caramel and chocolate. ♪ ♪ hmm twix. also available in peanut butter. >>> the banks got bailed out. ceos got their bonuses. who got left out? homeowners. yet the sad truth is the economy won't come back until the housing market does. housing prices fell 4% nationwide last year alone, and continues to move in the wrong direction. movement to organize the estimated 11 million underwater homeowners to make them a potent voting bloc. steven, explain to me what your objective is, and how you are going to get there. >> thanks for having me. well, our objective is there's 11 million people underwater meaning their homes are worthless than they paid for them. and our goal is to force the banks to writedown the principal for the current market v

which is why it is so odd when tim geithner says you legislate away stupidity, no but you can prosecutee haven't learned anything. the bad guys are still playing games, and we're going to get stuck with the tab. those who don't learn frfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfrfr battle speech right? may i? [ horse neighs ] for too long, people have settled for single miles. with the capital one venture card you'll earn double miles on every purchase, every day! [ visigoths cheer ] hawaii, here we come. [ alec ] so sign up today for a venture card at capitalone.com. and start earning double. [ all ] double miles! [ brays ] what's in your wallet? can you play games on that? not on the runway. no. what makes hershey's s'mores special? pure chocolate goodness that brings people together. hershey's makes it a s'more... you make it special. pure hershey's. >>the dominoes are starting to fall. (vo) former two term governor, jennifer granholm, is politically direct on current tv >> what should women be doing? >> electing women to office. >>> the banks got bailed out. ceos got their

tim geithner deliver the keynote address as john boehner and other members of congress joined holocaust survivors to light memorial candles. holocaust remembrance day honors the 6 million jews and others slain by the nazis during world war ii. another major remember as today. this one in oklahoma city. a ceremony was held this morning to honor the 168 people killed when a truck bomb destroyed the federal building 17 years ago. among the speakers, one of the only children to survive the building's day care center. 168 seconds of silence was observed to honor the victims. >> it is move in day for the space shuttle discovery. it is at its new home. this morning at the smithsonian's udvar-hazy center, the shuttle and enterprise met nose to nose. thousands of people including former senator john glenn was there. scott thuman joined as more with s us. >> we watched today as the space shuttle discovery was a nose to nose with the enterprise. in just about an hour and 15 minutes ago, it made its official move into its new home here. quite an experience. everyone soaking it in with every moment.

this is causing a diplomatic embarrassment, because hillary clinton and tim geithner are arriving there now for high level talks. >>> later in sports, we'll break down the caps' first game in the second round of the stanley cup playoffs, up in new york. >>> but first, 40,000 people here in the dc area are waiting until today for this weekend's big event at nats park. the america's night of hope was rescheduled for today, rescheduled because of weather. it's on now at 4:00 today, with gates opening at 2:30. taking a look now at nationals park, looks calm and clear. let's check in with gwen down in the weather center for more. >> good morning, melanie. yesterday, there was rain right through until last night. but today, we've got the sunshine on the forecast. let's take a look at the maps and show you what is going on right now. satellite and radar composite showing you the rain that moved across the area, and this morning we had a few clouds and patchy fog. but it is really starting to clear out. ridge of high pressure building up in control, and that's going to bring us right to where w

with our headliner, treasury secretary tim geithner. good morning, mr. geithner. >> good to see you. >> i want to begin with a pretty startling number in our poll this week, it shows that 76% of the country thinks we're still in a recession, what do you say to those americans? >> well, it's still a tough economy out there. it's not surprising given the scale of the damage that the crisis caused. but, if you look at the evidence, the economy is getting stronger, we have a ways to go still, a lot of challenges still ahead. but, the broad indicators are pretty encouraging. they show an economy still growing. we liked it to be stronger. we have a lot of work to do. >> last month's jobs report was much weaker, only 120,000 jobs created. the weekly unemployment claims took a big jump last week, are we seeing the patterns the past couple of years repeated? >> can't tell you, but if you look back at what happened in 2010 and 2011, you're right that you saw some early strengths in the beginning of the year, but then what happened, was the crisis in europe in 2010

i sat down with tim geithner and asked him why the economic recovery is so sluggish. >> it's a very tough economy still and people still are living with the scars of the crisis. the worst crisis, you can see in the damage, it's not surprising you see that, but consumer confidence is gradually getting stronger. if you look at how the business sector is doing, the business sector of america is business. the business sector looks pretty strong, high-tech is strong, energy is strong. exports are coming back, private investment's been growing and those are all encouraging signs of strength. what hurts us in 2010 and 11, were the crisis in japan and the oil crisis shock. we got a long way to go, a lot of challenges ahead, what we should be doing is working with congress to help get more people back to work while doing some concrete things right now. >> a lot of people look at the stock market and those gyrations and wonder what to make of it. what does the stock market tell us, particularly the way it's gone this week, sharply down, and then back up, but we have seen a lot of down in the last t

. >> topics this morning for our head liner, treasury secretary tim geithner and our powerhouse roundtable. >>> good morning, everyone. the treasury secretary and our powerhouse roundtable are coming up. >>> two breaking stories. overnight, 120 tornadoes swept across the midwest killing at least five. ginger zee has been chasing the storms and she joins us from wichita, kansas, we can see how hard kansas got hit and these storms aren't over yet. >> luckily no one was in this house behind me, george. that wasn't the case everywhere. the storm that did this, the tornado was on the ground for at least five hours. covering 250 miles. lot of these storms happened overnight. so, as the sun comes up around the heartland, we'll be able to assess the damage and understand how many injuries and deaths occur, of course, we followed those storms and we'll continue to follow the threat that heads north. all of the way south to houston. threat exists for isolate tornadoes, damaging hawind and hail. george? >> all right, down the middle of country. ginger, thank you very much. >>> now to that other break

tim geithner gets awfully political and former fed governor frederic mishkin looks at the inflationistic conference. my take? too much inflation, why doesn't he ever defend the dollar? but then again, mr. bernanke doesn't call me. we'll be right back. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. how did we do it last time? i don't know... i forget. hello, neighbors. hey, scott... perfect timing. feeding your lawn need not be so difficult. get a load of this bad boy. sweet! this snap spreader system from scotts makes carin

tim geithner and bill clilinton will be e in china to discuss these economic issues. >>>> they have beediscusussingtherneeds to be a differerent approach. what is the defifinition of insaninity? >> that said, there is nono guarantee thamitt romney's solution is going to address these problems in a wa that is productive. >> i think if you lifted the ba on drilling inhe gululf, you would get a dramatic infrastructurere program that would create a lot of jobs. if you put a tax on conversion,n, that w would realign their currencies. there are substantive thing that can be done that this president t has chosen not to do d as a consequence, the long term solutions have not happened. >> label me as a skekeptic. let's talk about what can be done domestically. some people suggested at the gdp numbers woulspur the fed to go back and buy bonds. you said they cannot afford to buy any mo bonds if ey wanted to. >> bank ofof america, an economist, looked at the numbers and said the fed does not have enough on hand to ctinue operation twist. >> not an option? >> they y would be highly controversial, the other thin

he's the director of quit i research at ubs. >> so treasury secretary tim geithner says the u.s. pe to weather challenges like high gas price, although europe's gas prices is still a worry. geithner dismisses suggestions the u.s. deficit puts it at risk of being the next greece. >> you saw a precipitous drop in consumer and business confidence at a very fragile i'm for the global economy. those drops in confidence were like what you saw in a typical recession. very avoidable. and it's good to not put the country through that again. >> so geithner says president obama's plan to impose at the least a 30% tax on wealthy americans won't hurt the economy by stifling growth. u.s. senate hold as prer ocedur vote on the so-called buffett rule. >>> and retail sales for march are expected to rise. we'll discuss the outlook for the sector as we look ahead to the trading day on wall street. [ male announcer ] this is lawn ranger -- eden prairie, minnesota. in here, the landscaping business grows with snow. to keep big winter jobs on track, at&t provided a mobile solution that lets everyone fr

. >> and what about what tim geithner said. i'm curious about this. you're talking about creating jobs and i know you have some specific efforts you spoke about on this show. tim geithner said that the economy is getting stronger. in fact the strongest it's been in years. when he did the weekend talk shows. is he right? >> it's starting to get stronger, but only if you relate it to the last three years that it's getting stronger. we monitor this in beauty salons. when the economy went bad, people still went to salons, but less often. instead of every four or five weeks, they start going every six or seven weeks. when they start coming back, you see a change, it's starting to turn. i would relate that statement only to the last three years. however, is it turning like astronomically, no. it's doing it slowly. we have to do more to get more people to work and there are jobs out there. people just have to start taking them. >> all right, john paul, always good to see you. this is a man who is taking his train, yes, he has one, his patron train, to both o

tim geithner talked about this issue on george stefanopolous. let's take a look at him. >> of course, we would sign today the milgd class to protect them today, protect them against any risk that the washington people can't took. of course, you could do that in an election year. they have to be to come together in the lame duck session before the end of the year, and i pus together a balanced to prevent that kind of damage to the economy. >> treasury secretary timothy geithner on this weet yesterday, talking about tax mcged don. >>, lei and the irs prepare for a tax code and we don't know how it's come out yet. >> i don't care, these provisions occur with every single year. what event happened was that on december 27, congress passes a ivs when we're programming our computers and designing our forms. so we have to delay the filing fees and once they passed a bill in december in order to have the computers reprogrammed, and when that happens, we have seen in every gel filed dos kind of complexity and delay and i'll ur. dana, david, independent li

they're facing annual losses of $18 billion in just three years. >> steve: treasury secretary tim geithnerrets. according to today's new york post, albert was overheard telling people at a manhattan restaurant that geithner had an agreed upon exit from his spot as the country's top money man. he says president obama nominated a dartmouth college doctor to head the world bank as part of a plan to then let geithner take that post at dartmouth. >> steve: take a look, there may be a spring storm along the east coast, but look at the view from space. nasa putting together its best time lapse photography of light displays and weather systems. so cool. the photos were taken by the crew on the international space station. busy up there. look at that. >> gretchen: beautiful. brian went outside and he's so psyched because he's got a special guest. >> brian: robert griffith iii is here, rg 3 is with us right now. he will be the number one or number two pick in thursday's draft. a round of applause for the nfl's next superstar, heisman trophy win. [ applause ] tomorrow it looks like the redskins will

when we come back, tim geithner. >> schieffer: we welcome now to the broadcast the secretary of the treasury, timothy geithner. mr. secretary, thank you so much for coming. let's just get right to it. i think if we didn't realize before now that both sides think the women's vote is going to be crucial in this election, we certainly found it out in the last 10 days. governor romney was on the stump with what he saw as some major headline news. here's what he said-- >> the real war on women is being waged by the president's failed economic policies. this is an amazing statistic-- the percentage of jobs lost by women in the president's three years, three and a half years, 92.3% of all the jobs lost during the obama years have been lost by women. 92.3%. >> schieffer: so, is he right? is that true? >> it's a ridiculous and very misleading way to look at the recession. you have to look at the whole duration of the recession. the recession started in 2008, earlier in that year. it was a year in the making before president obama came into office, and it was very damaging to everybody, to families, m