chase what matters. ♪ >>> treasury secretary timothy geithner is painting a positive picture for the re of the u.s. economy. on "meet the press" geithner says he does not believe this recession will be a double-dip recession, meaning things would get worse again before getting better. he said while it's only natural americans are still wlifth fiscal caution, the economy he insists is on the mend despite high unemployment. he went on to say allowing tax cuts for the to expire is also the right thing to do right now. >> the right thing for the country, the fair thing, the responsible thing for the country now is to make sure we leave in place and preserve tax kutss that go to more than 95% of working americans and complement those with a set of incentives for businesses to expand and hire. >> 2010 is the last year of president bush's tax cuts for the rich are in effect. many republicans want them to be extended. >>> dozens of homes and businesses were damaged or destroyed in iowa this weekend after a dam failed. the lake delhigh dam gave way yesterday after rains caused water levels to

timothy geithner, ben bernanke, they are afraid of her. wall street is afraid of her, the bankers are afraid of her. if she is not nominated, i will be very upset. a lot of things are going on. i saw her on a year ago and this will and really has it down. i really believe that she should be there. i do not like ben bernanke, or timothy geithner, because they did this. as far as the paperwork you are talking about, these online petitions, this is the first time i have heard of it, i will definitely get on line to find one because i think that she should be hired to the consumer protection agency. she is looking out for america. host: the web site was just on the screen. i want to ask you, do you think that if he were to not nominate her, or someone who shares that ideology towards consumers, do you think -- what does it say about the obama administration to you about wall street against main street? caller: again, they have ben bernanke, timothy geithner. hello, these people are part of wall street. they were in on the downfall. they set us

i thought that timothy geithner was the least instructive. i would rather not raise those tax rates at all. but at least there is certainty that those key investment tax rates will stay historic low. i gave him high marks for that. the troubl is, that is just one piece of the pie. a lot of people in business are worried that we will not get certainty regarding a myriad of other issues. i think that timothy geithner was instructive, for a few days the stock market responded positively. those investors and firms, you want to know that your after-tax investment return is going to be high and up to justify whatever cost or expense it takes to start a new project that might hi jobs. what we need to do here, i think, clear up these confusions and uncertainties. no. 2, to tell you the truth, business is taxed too much. i would like to see that change. i would like to see full-fledged tax reform, get rid of the loopholes for large firms and small firms. you would see a much better jobs recovery if we help business, not government. st: doug, good morn

it's all part of my one-on-one discussion with treasury secretary timothy geithner. then, the rush to judge agriculture official sheryly sherr sherrod. >> this is a good woman that's been put through hell. and i could have done and should have done a better job. >> how did we not ask the right questions? how did you all not ask the right questions? how did other people not ask the right questions? >> what does this episode say about racially charged politics, the media and the post-racial presidency of barack obama. our round table weighs in. president of the national urban league, marc morial, anita dunn, a man credited with sparking the tea party movement, cnbc's rick santelli and "the new york times" columnist, david brooks and "the washington post" columnist e.j. dionne. >>> good morning. a summer of anxiety over jobs, the economy and government borrowing as new polling shows president obama's job approval rating handling the nation's economy at a new low. on friday i sat down with the the administration's top economic official, treasury secretary tim geithner. m

we talked about this earlier this evening with treasury secretary timothy geithner. mr. secretary, welcome. good to be here, jim. >> lehrer: as the... has the economic recovery taken a sudden return for the worse? >> jim, the economy is healing. it's getting stronger. i'm very confident we're going to continue to grow and continue to make progress not just repairing the damage caused by this crisis but build ago stronger economy that is going to create better opportunities for all americans. >> lehrer: it doesn't seem that way. all the current things, the stock market, jobless rates, we'll go through these specifically in a moment. there's a feeling that there might even be a double-dip recession coming. you don't feel that. >> it's important to recognize that the scars of this crisis cut very, very deep. just remember what it was like a year-and-a-half ago. you saw people across the country saw their savings fall by more than 40%. thousands of businesses were closing their doors. millions of americans lost their jobs. in january alone of 2009 the economy lost three quar

i know in the coming week after other distractions, you taugd to talked to timothy geithner the treasury secretary for this morning's program. you asked him how and when the economy is turning around. let me play the answer and we'll follow up. here it is >> okay. >> what you would expect is a more moderate paced recovery than is typical and that's what we're seeing but again you are seeing recovery. you're seeing private investment expand again, job growth starting to come back, and that's pretty encouraginencoura. >> that's a pretty optimistic answer. the american people convinced by that answer in the sense of optimism? >> no, clearly not. not if you look at the polling in terms of the satisfaction with how the president's handling the economy and even if you listen closely to secretary geithner, can he talk about moderate recovery, hiring beginning to come back, but it doesn't answer the question as to why there is still such anemic growth, such sluggishness when it comes to hiring, because businesses are not confident in what's going on in washington, they're not confident about the

timothy geithner who will be my guest on sunday, the treasury secretary, is confident there will not be a double-dip recession, but he is waiting for the jobs. >> nbc's david gregory. david, thanks. program note, you can watch "meet the press" including david's conversation with secretary geithner and a special roundtable discussion of the shirley sherrod debate here on nbc. >>> when "nightly news" continues this saturday, cracking down on pot in california. guess where they are growing now? >>> and you met him here last week. remember benny the dog left in the disaster of the gulf. >>> when it comes to marijuana and california, many people think of san francisco and the northern part of the state, perhaps harking back to the days of the counterculture. but today, southern california has become a hub for marijuana growth and distribution. nbc's kristin welker has our story. >> reporter: less than a half hour drive from downtown los angeles, the 650,000 acre ang las angeles national forest is as beautiful as it is dense. but hidden among the trees, elaborate and illegal marijuana farm

. >> reporter: today on "meet the press," timothy geithner said the obama administration will work to extend the bush tax cuts for all but the wealthiest americans. >> i think it is fair and good policy to allow the tax cuts that only go to 2% to 3% of the highest earners in the country to expire as scheduled. >> reporter: but republicans say anything less than a full extension of the tax cuts will stall the recovery. >> mr. speaker, the american people are asking where are the jobs. >> reporter: if the two sides cannot agree and the cuts do expire, it would mean an across-the-board income tax hike for virtually all americans. lowering the per-child tax credit from $1,000 to $500, an increase in capital gains and dividend taxes and a return of the so-called marriage penalty. geithner also asserted for the economy, the worst was over. >> you do not believe in the double-dip recession, that it will get worse before it gets better? >> no, i don't. i think the most likely thing is you've seen an economy that gradually strengthens over the next year or two. >> reporter: but that growth wil

timothy geithner said he backed letting those expire for those making $250,000 or more a year to help bring down the deficit. most republicans and democrats on capitol hill strongly disagree. arguing it could endanger the economic recovery. the tax cuts were passed by congress under president bush in 2001 and 2003. >>> the ford explorer is making a big comeback. today the automaker will roll out a new marketing campaign for the vehicle that helped launch the 1990's suv boom. the vehicle has been resigned. it's now built on a car platform, not one for a truck, so it will sit lower, more fuel efficient and also not as powerful. this year's model, which is due in dealerships this winter, will not have a v8 engine. >>> at the movies, a battle of superstar action thrillers. leonardo dicaprio "inspection" won the weekend box office taking in $43.5 million to hold off the new angelina jolie spy flick "salt." it was a stronger than expected weekend for "inception." most analysts thought jolie would knock leonardo off his perch. those are two movies i would like to see. >> good reason to go to

treasury secretary timothy geithner said letting the tax cuts expire is the right thing to do but he wants to retain the tax cut for the middle class. the republicans say if the tax cuts for the rich go away, they'll take more jobs with them. >> only in washington, d.c., would anyone believe that raising taxes creates more jobs. they know we can't tax and spend our way back to a growing economy. >> i think it is fair and good policy to allow those tax cuts that only go to 2% to 3% of the highest earners in the country to expire as scheduled. >> reporter: that leaves republicans and fiscally conservative democrats with a tough choice. keep the tax cuts for the rich, that is and risk the anger of the middle class in this election year. >>> the days are ticking down until arizona's controversial new immigration law takes effect on thursday. the legal fight is far from over. on friday there were two sfr separate hearings in phoenix that attracted hundreds of protesters. they claim the law would undermine u.s. foreign policy and that immigration is a federal, not state responsibility. a s

i thought that timothy geithner was the least instructive. i would rather not raise those tax rates at all. but at least there is certainty that those key investment tax rates will stay historic low. i gave him high marks for that. the trouble is, that is just one piece of the pie. a lot of people in business are worried that we will not get certainty regarding a myriad of other issues. i think that timothy geithner was instructive, for a few days the stock market responded positively. those investors and firms, you want to know that your after-tax investment return is going to be high and up to justify whatever cost or expense it takes to start a new project that might hire jobs. what we need to do here, i think, clear up these confusions and uncertainties. no. 2, to tell you the truth, business is taxed too much. i would like to see that change. i would like to see full-fledged tax reform, get rid of the loopholes for large firms and small firms. you would see a much better jobs recovery if we help business, not government. host: doug, good

being the primary front person for it whether it was hank paulson or let lloyd blankfein or timothy geithner on behalf of goldman sachs plundering the economy but there's been very little rioting in the streets against the bankers there's been riding in the streets against their fellow citizens but in europe you have resistance from the population to this sort of behavior you know i'm trying something myself in france when everyone anyone is caught stealing introducing the phrase they're committing a goldman goldman goldman so goldman becomes a basically a synonym for stealing larceny because eventually the dictionary will have to make like a p.t. it will have to make this change to the definition for stealing it will now be lloyd blankfein photo and wikipedia is the very definition of larceny stealing and corruption you know goldman sachs was agreed to pay five hundred fifty million dollars fine this week to the f.c.c. for misleading investors about these mortgage backed securities and you know to americans i'm sure that this looks like justice nobody has received any criminal fine for this

treasury secretary timothy geithner admits it is off to a slow start but says the administration is tackling the ongoing housing problem. >> we brought a measure of stability to house prices. interest rates have come down dramatically. millions of americans have been able to refinance and take advantage of lower rates which is much more money in their pockets. >> reporter: events like this one still attracting thousands of struggling homeowners shows the federal government needs to do more to fix the housing prices. the people here can't just wait for a solution. they need help right now. so what happened, any good news? >> well, i didn't get a solution today but that's not a bad thing. what's going to happen next is since i have bought my home we haven't had an updated appraise olympic on it. and because my mortgage is now upside down, they need to determine the actual value. definitely a learning experience. >> well, i've got my fingers crossed. i will know in ten days. >> sandra endso, washington. >>> a bay area teenager has died from drowning in a popular lake in the sierra. it happened

timothy geithner dismisses concerns about letting the tax cuts expire. he pressed the case for letting the tax cuts for the wealthiest expire late this year. an appearance on two television programs -- and you react to that for us? guest: two concerns in washington. one is the short-term economic situation and the push for stimulus. i don't want to harm the current recovery. and the concern about the long- term debt of the united states. basically the tax cuts over 10 years, about three trillion dollars according to omb numbers, and letting those only expire for the rich would basically save about $650 billion over 10 years so a net cost about 2.3 instead of three. this concern over the short-term economy versus the long-term budget situation. host: because congress can certainly pick and choose which of the tax cut to continue and which to allow to go away? guest: that will be the political fight over the next six months. if they get something before the election, who knows, if not, they will have to do it during a lame-duck session. but the fight will

we start with the economy and treasury secretary timothy geithner. >> from nbc news in washington, "meet the press with david gregory." >> i want to ask you about some of the broader economic outlooks that we've heard across the spectrum this week. an important one from the fed chairman, bernanke. who said this week that the outlook is unusually uncertain. and i wonder if to you, to the president, that means you fear that things are going to get worse before they get better. >> i don't think there's anything unusual about the fact that, given the severity of this crisis, this recession, given how bad it was just 18 months ago, that americans are still living with some caution, some sense of caution about the future. i think that's natural, unavoidable. the economy's now been growing for almost a year, a little more than a year. private sector's creating jobs again. the economy is starting to heal again. you're seeing growth, manufacturing, private investment recover. those are encouraging signs. but we're living still with a lot of challenge still. the scars of this crisis ran so deep. i

our country is making me ill, and i believe that timothy geithner is a " for sure.ost: we do not want to make u l, we hope that you continue to watch. guest: i have to say that it is not the fault of c-span, is simply their job to communicate what congress says. host: that we put this on the table. republicans -- democrats maintain control in the white house. how will that change how this works this year or next year? guest: it would be unprecedented for the republicans to pick up 40 seats. guest: but if they did, i am wondering if there would be more cooperation or greater attention. guest -- caller: i would hope that the president of the united states would -- guest: i would hope that the president of the united states would at least listen to us at that point. the president came in with a lot of support. the american people were behind him. we hope that the president is going to bring us all together. he had a great opportunity on the stimulus bill where he could have brought united states senators on the republican side that wanted to vote for something. i think

you can see much more of his sitdown with treasury secretary timothy geithner and interview with rising star in the republican party, new jersey governor chris christie later on "this week." >>> all right. we're going to turn overseas now sic aeast germany and started a stamped gloria rivira hls f ♪ >> reporter: at first, hundreds of technomusic fans were blissfully unaware they were in danger. a single tunnel was the only way into the grounds. by about 5:00 p.m., space grew tight. no one wanted in anymore. they wanted out. officials directed people to turn around, but there was nowhere to go. fans scrambled through narrow gaps in a fence or formed human chains to climb to safety. panic broke out, this policewoman said. officials say at least 19 people died in the stampede trampled in the chaos. over 300 suffered injuries. inside the concert, not knowing there was trouble, hundreds of thousands of people carried on partying. germany's annual love parade is like many summer festivals around the world that often reach capacity. organizers are being criticized for having just one entrance.

yoing me joining me, timothy geithner. >>> plus, the rush to judgment. does shirley sherrod's firing tell us about politics and the media? mark morale and former white house visor anita dunn and the "washington post" e.j. deon way in this morning on "meet the press." >> thank you for making us a part of our morning. or next newscast tonight at 5:00. "meet the press" with david gregory is next. have a great sunday and we'll see you next weekend. >> take care.

treasury secretary timothy geithner says letting bush-era tax cuts for the wealthy expire is the responsibleng to do. and "inception" beat out "salt" to win the weekend box office. i'm russ mitchell, cbs news. it makes it hard to do a lot of things. and i'm a guy who likes to go exploring ... get my hands dirty... and try new things. so i asked my doctor if spiriva could help me breathe better. spiriva is the only once-daily inhaled maintenance treatment for both forms of copd... which includes chronic bronchitis and emphysema. spiriva keeps my airways open... to help me breathe better for a full 24 hours. and it's not a steroid. spiriva does not replace fast acting inhalers for sudden symptoms. stop taking spiriva and call your doctor right away if your breathing suddenly worsens, your throat or tongue swells, you get hives, have vision changes or eye pain... or have problems passing urine. tell your doctor if you have glaucoma, problems passing urine or an enlarged prostate... as these may worsen with spiriva. also discuss the medicines you take... even eye drops. side effects include dry

but to think that this administration and in timothy geithner's interview he talks about getting fiscalder in a $3.5 trillion budget they can't come up with a way to offset 40 billion in spending. at the end game in the country is broke, everybody loses. >> we'll take break here. there aren't many of us who use a cellphone just to make phone calls. but when at&t or verizon offer you an unlimited plan for $69.99, that's all it's good for -- phone calls. with sprint, for the same price, you get unlimited text, unlimited web and unlimited calling to every mobile phone in america. now that's more like it. [ male announcer ] get our $69.99 plan and experience america's most improved customer satisfaction. only from sprint. deaf, hard-of-hearing and people with speech disabilities access www.sprintrelay.com. no, it's just for new people. hey ! chocolate, vanilla, or strawberry ? chocolate ! chocolate it is ! yeah but i'm new too. umm... he's new... er... than you. even kids know it's wrong to treat new friends better than old friends. at ally bank we treat all our customers fairly. with no te

. >> also, an interview with timothy geithner and charlie rose. at the end of the interview, geithner says fan fan -- fanny mae and freddie mac were not dealt with here. however, said, they're next. we've had a very smart capable team of people working for six months now to look at alternative ways to reform those institutions. host: i saw my income level was in the 25% tax barack et and it is going to go up by 3%. there is no way my wife and i could be considered wealthy by any stretch of the imagination. i don't understand how we're included. host: your income is $250,000. caller: no, not even a third of that. but our income would put us in a 28% tax barack et. we are clearly middle class earners. we're not going to get any of this. >> so what democrats are split about is whether or not to extend the tax cuts for just the wealthy, those making $250,000. house speaker nancy pelosi said they will let taxes rise for wealthy americans and keep taxes in place for those that make less than $250,000. but the front page of the financial times has a piece

administration, timothy geithner, and the president, have all been arguing at the g- 20 summit in torontoe countries that are in position to continue spending, which includes germany, we should be spending now and try to prop up economic activity given that other countries are pulling back. that does not seem to be the direction things are going in europe. there has been a push to cut spending aggressively. we will see how that does. host: king county, new york, on our line for republicans. caller: i have a company -- more than 35% people in china are out of work. most of the companies in china are run by [unintelligible] we need to spend money to make jobs in america. people do not mind to pay more to buy american. the companies are owned by the americans and europeans. guest: it is true that a lot of the company's are on the bi yaris -- by u.s. and economic. more chinese have gone from barely scraping by and feeding themselves to lower middle income and middle income jobs where they are manufacturing or doing other jobs in chinese cities to produce goods. just the fact that some of thes

administration, timothy geithner, and the president, have all been arguing at the g- 20 summit in torontothe countries that are in position to continue spending, which includes germany, we should be spending now and try to prop up economic activity given that other countries are pulling back. that does not seem to be the direction things are going in europe. there has been a push to cut spending aggressively. we will see how that does. host: king county, new york, on our line for republicans. caller: i have a company -- more than 35% people in china are out of work. most of the companies in china are run by [unintelligible] we need to spend money to make jobs in america. people do not mind to pay more to buy american. the companies are owned by the americans and europeans. guest: it is true that a lot of the company's are on the bi yaris -- by u.s. and economic. more chinese have gone from barely scraping by and feeding themselves to lower middle income and middle income jobs where they are manufacturing or doing other jobs in chinese cities to produce goods. just the fact that some of th

administration, timothy geithner, and the president, have all been arguing at the g- 20 summit in toronto, the countries that are in position to continue spending, which includes germany, we should be spending now and try to prop up economic activity given that other countries are pulling back. that does not seem to be the directi things are going in europe. there has been a push to cut spending aggressively. we will see how that does. host: king county, new york, on our line for republicans. caller: i have a company -- more than 35% people i china are out of work. most of the companies in china are run by [unintelligible] we need to spend money to make jobs in america. people do not mind to pay more to buy american. the companies are owned by the americans and europeans. guest: it is true that a lot of th company's are on the bi yaris -- by u.s. and econom. more chinese have ne from barely scraping by and feeding themselves to lower middle income and middle income jobs where they are manufacturing or doing other jobs in chinese cities to produce goods. just the fact that some of these co

brutal golpiza que le costó la vida al inmigrante mexicano josé cortés.y el secretario del tesoro timothy geithnerla econoÍa del pÍs sufra una nueva recesÓn como la de los Últimos aÑos.Ás en despierta aÉrica.