let's get back out to tony fratto at hamilton pace strategies. the fed is looking at the price in oil as a good thing for the economy, but are they forgetting that declining oil prices could lower headline in flagz even below where it is right now? >> yeah. that's deaf in thely a concern. i think the fed has that on their mind and it's weighing on their outlook. but i think they think on pal, seema, that it is a support for growth .it's almost a natural stabilizer and the global economy for growth. we have this deflation issue, but deflation issue is broader than just energy and i think we're going to be able to see the effects of more qe in europe and the impact of other monetary authorities around the world to try to deal with deflation. the problem you have is a sort of asymmetry right now with the u.s. economy. we know the outlook over the near to medium term is going to be in a slight tightening in the u.s. economy. we see that in the strengths of the dollar. but i think on balance the fed is probably where the market is at least here in the

tony fratto i covered at the white house just before anita's term.e was with the last years of the george w. bush administrations. both are still very influential, strategic thinkers working on the outside on issues in policy. they are still terribly engaged in what is going on in washington. i want each of you to start quickly not just telling us what you're jobless, what in your -- what your job was but what in your background made you suitable? anita, start with you. >> thank you for being here. i was an intern in the white house. i got bitten by the bug and never looked back in terms of my career. i'm a huge believer in programs that bring people to washington and give them an opportunity to hear from people and talk to people. we always a very challenging questions. what in my background allowed me to be qualified? i was a communications policy research and press director for the obama 2008 campaign. i have from 1993-2009, we do political campaigns. i have taken leaves of absences and obviously for the obama campaign, i have worked with numerous

anita dunn, tony fratto. thank you all. [applause] >> in about two hours pths obama delivers his state of the union address to a joint -- president obama delivers his state of the union address to a joint session of congress. we'll have a preview program starting about 8:00 p.m. eastern with the speech delivered at 9:00 after that the republican response given by iowa freshman senator joanierness. plus we'll open up the phone line and take your tweets. earlier today on the house floor, minority leader nancy pelosi previewed tonight's speech. here's a look. the speaker pro tempore: without oeconth gentledy is recognized. ms. pelothk you, mr. speaker. mr. speaker, this weekend we observe the celebration of the life of the reverend martin luther king jr.. he talked about engagement for, engagement for the american people, for jobs, for justice, for peace, and that is -- it was pretty exciting to see the response across the country at a time when all of these issues are in the forefront. tonight we will hear from the president

tony fratto i covered at the white house just before anita's term.y white house press secretary during the george w. bush, the last years of the george w. bush administration and this is where both of them now still are very influential strategic thinkers working on the outside of issues and policy and they're still terribly terribly engaged in what's going on in washington and i want each of you to start really quickly not only telling us what job was in the administration but what in your background made you suitable for that. anita, we'll start with you. >> thank you ann, and thank you all for being here. as ann knows i was actually an intern in the corridor white house which is where i was bitten by the bug and never looked back in terms of my career. i'm a believer in term of people coming to washington and give them an opportunity to hearing from people and talk to people and i'm looking forward to their discussion because you will also have challenging questions. so what in my background qualified me to become white house communications direct