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randi weingarten has said over and over again, although she does not stop say, the basic human position is that tests are unfair and you can't use them to measure teachers. so then everyone says why don't you have much better observations by principals and other experts of teachers in the classroom, and make the teachers accountable for their performance based on those observations? in what does the union say? those observations would be subjected. we need objective measures. because the observations would be subjective and objective measures, the test, are unfair, let's do nothing. 3.2 million people responsible for the nation's children, responsible for our future economic security, and our national security have not in anyway been accountable. they needed again. not because they're bad people, but precisely because the good ones need to be rewarded. >> host: let me just a few questions if i may. i am not a moderate by the interviewer. if you rely on test scores to set these are great teachers and these are not great teachers there's no way to identify great teachers in advance becaus

lawyer reid weingarten. blankfein has not been charged in any civil or criminal charges. but tom, goldman-- the firm-- has been singled out by a senate committee for conflicts of interest and fraud during the financial crisis. and senator carl levin said he would send the committee's findings to the department of justice. a lot of legal issues. >> tom: as you said susie, a lot of late action in goldman. here's a look-- down $5.25 or almost 5% to $106.51. really happened in the last five minutes of trading. a new low for goldman. let's take a look now at other stocks in tonight's "market focus." stocks started the week in the green, but only barely, despite decent early buying. the dow industrials continue to see these wide intraday swings. at its best level today, the dow was up more than 200 points. the index hit its low for the day just before the close, eking out just a small gain. financial stocks saw the worst of the selling, led again by bank of america. b. of a. shares fell almost 8%. some experts point out bank of america has become a favorite for high-frequency t

there's a quote in the book where randi weingarten is actually complaining that any good principal are to be able to walk into a classroom, any good principle can walk into a classroom and tell who the good teachers are and who the bad teachers are. i couldn't agree more so than why can't any good and civil mac be able to make her smell decisions based on that? in fact, in many places you can even walk into the classroom without a union shop steward with you. that is insane. >> host: i think that is wrong and contracts have two parties. why do the administrations of the school districts agreed to unreasonable conditions? >> guest: i couldn't agree more. >> host: they are in charge. >> guest: they are not quite in charge because they are put in office in many cases by the people who are negotiating. >> host: that is not sure new york city. >> guest: it is not true currently in new york city but who knows what will happen the next time there's a democratic primary could be true but it is historically been largely true. the real issue with public employee unions has been that. in wisconsi

. >> if i can up with a factor, the block will be the weingarten says teachers should be fired. what happens if you have a really good evaluation? the real issue is credibility for the system. we are in a huge process right now. the bottom falling out of the economy is action going to make it worse and not better. a year to go out as much more optimistic that we could do this. this is really a time and sensitive. if you want to spend some time really doing good evaluations, you will do it. usage with the teacher. you say, what do you trying to accomplish? did we accomplish the ducks he talk about wt else you need to do. tryingy get what they're to teach? they want to do what they did in singapore, is the people that should not be in the profession. theyave to be really quick. it takes a lot of time. that kind of time costs money. >> i think the issue here is like the one we raised before. there is a huge constructive edge. special using today's matches, incorporating that without these systems. does like we talked about, there are things that teachers will resist. we start using

john weingarten is concerned about having a budget that is not balanced. what are your opinions on the balancing of the budget. >> i think you have to. if you look at many of our states, 49 have a balanced budget amendments. the federal government needs to have that. if you continue to see what is happening in the fed, where we are monetizing our debt and keeping interest rates at artificially low levels. we cannot keep that path. japan tried nine stimulus packages. i think we have to have a balanced budget amendment. i think we have to get away from this budget which means each year we raise it up, then say we will cut it. we have to get back to a 0- based budget system. those of the structural reform things that have to happen. it takes 5 miles for an aircraft carrier. a lot of things we are contending with her husband over -- have happened over a 30 year time. the financial meltdown of 2008 traces back to the community reinvestment act. think about all the things that happened along the way. think about the creation of fannie and freddie. all of a sudde

the union i think randi weingarten particular understands that she had to shift because her base, you know, her political base was in the process of shifting. and i don't get the liberal or conservative issue. it sure isn't a democratic or republican and it shouldn't be. is it liberal or conservative to say that a teacher had to be able to comment on the form of a teacher's lesson plan and a new york city? >> guest: >> host: i know everything my ex-colleagues at the hoover institution of advocated is now the mainstream democratic republican agenda. >> guest: that's what makes this a great country. people are actually listening to each other. ronald reagan was not, as you know, as they recounted in the book, he was president when the first big report was issued -- a white house reported that a nation at risk. reagan didn't want any part because he didn't think the federal government out to be involved at all. now that you mention it, the probable -- it is probable that the last vestige of real conservatism around that issue or republican and some in congress today who don't believe in

there is a quote in the book where randy weingarten is actually complaining that any good principle ought to be able to walk into a classroom, she says this come anyone could walk into a class room and tell them who the good teachers are and that teachers are. i couldn't agree more. why couldn't any good principle people to make personnel decisions based on that? you can't now. in fact in many places you can't even walk into the classroom without then there with you. that's insane. >> host: but the contracts always have two parties. why the administration and the school districts under these conditions. >> guest: i agree. i couldn't agree more. >> host: they are in charge. >> guest: they are not quite in charge because they are put off by many cases the people and immigration. >> host: that's not true in new york city. >> guest: it's not true currently in new york city but who knows what does clinton have in the next time there's a democratic primary. it could be true that it's been historically largely true. so, the real issue with the public employee unions, now it was overreacted to th

of course, randi weingarten, president of the american federation of teachers. frederick hess, director of education policy studies at the american enterprise institute. my job as moderator is to be fair. i do not think i can claim to be impartial. rick is one of my best friends, we collaborate on a lot of things, including our education podcast. if you are not listening, you are missing out on his latest musings about the world and pop culture. we did know that we were going to be having c-span taping this, so we are excited that rick decided to wear pants for the occasion. with our format, you would have been looking at his knees the whole time, and i am not sure that america is ready for that. so what we are going to document today are the big reforms related to teachers that have been vigorously debated in the past couple of years, but especially the spring, in states run the country. with the education reform conversation, we have brought of different ideas over the years, accountability, charters, but now it seems a conversation is getting to the heart of

idoni to do much introductions for a guess but randi weingarten at the present of the american associationof teachers and rick hess with the american enterprise institute. now, my job as moderator is to be fair. i don't think i can claim to be impartial. rick is one of my best friends. we collaborate on a lot of things including the education gaps like podcast which if you are not listening every week you are missing out. not necessarily on thoughtful education commentary but i'm certainly rick's latest musings on the world and pop culture. so tune into that. we did know that we were going to be having c-span taping the so we are excited that rick decided to wear pants for the occasion. with the oprah style format we have here otherwise he would have been looking at rick's needs the entire time and we were sure that america was ready for that, so thank you. so what we are going to talk about today are they big reforms related to teachers that have been vigorously debated in the last couple of years but especially this spring in states around the country. you know the education reform conve

i don't think i need to do much introduction but i will say randi weingarten, rick hess. now, my job as moderator is to be fair. i don't think i can claim to be impartial. rick is one of my best friends. we collaborate on a lot of things including the education gaps via podcast. which if you're not listening to every week you're missing out. certainly on rick's latest musings about the world. and pop-culture. we didn't know we're going to be having c-span take this. we are decided -- excited rick decided to wear pants for the occasion. otherwise he would've been looking at rick's knees the entire time. we weren't sure america was ready for that. so what we're going to talk about today are these big reforms related to teachers that have been vigorously debated in the last couple of years, but especially the spring and states around the country. the education reform conversation has talked about lots of different issues, accountability, choice and charters. but now it seems like the conversation is getting to the heart of the enterprise. what happens inside the classroom. a

randy weingarten is president of the american federation of teachers. frederick has is the director of the education policy studies for the american enterprise institute. we collaborate on a lot of things, including a podcast. if you're not listening, you are listening out. you n listen to rick's musis about pop culture. we did not know we would have c- span tape this. we are glad rick decided to wear pants for the occasion. otherwise, we would have been looking at his knees the entire time. we were not sure america was ready for that. what we're going to talk about today are the big reforms related to teaching that have been vigorously debated in the last couple of years, but especially this spring in states around the country. the education reform conversation has talked about a lot of different issues -- standards, accountability, charters. but it does not seem the conversation is getting to the heart of the enterprise, what happens inside the classroom, and directly around teachers' professional lives. we're talking about laying off teachers based o

lots of buzz about this because the lawyer, reid weingarten, represented bernie ebbers during his downfall jobs. since the beginning of the year more than 36,000 jobs have been slashed at some of the world's largest banks. the president of standard & poor's is stepping down, s&p's parent company mcgraw-hill announced this morning deven sharma will leave his post by the end of the year to, quote, pursue other opportunities. no mention of the announcement of s&p's controversial downgrade of america's credit rating. >>> would you spend $16.5 million on a car? someone did. a 1957 ferrari race car broke the auction record in california, but that is not the most expensive car sold. ferraris have gone for about twice that much in private sales according to a collector car insurer. for the latest news about your money check out cnnmoney.com. "american morning" back right after the break. [ woman ] jogging stroller. you've been stuck in the garage while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. so

>> if i said any percentage like that, the blogs all around town will be that "weingarten says that x% of teachers have to go." what you need is a system that has credibility. all the sudden to teachers are fired in a district or two thousand teachers are fired. the real issue becomes is their real credibility for that system? frankly, that is what we need. we are in a huge r&d process right now. i think that the bottom falling the state and local budgets will make this worse, not better. two years ago, i was much more optimistic that we could do this. this is really time intensive. any principal that does not say that is someone who is not telling the truth. if you actually want to spend some time really doing good evaluations, whoever the mentor is or whoever the evaluators, you have to sit with the teacher could use it, what are you trying to accomplish in this lesson? you watch the lesson. use it with somebody after the lesson and say did we accomplish that? then you talk about what else you need to do. you look at student data to say did kids actually get what i was trying to tea