again if she isis going to g g d write books andndo tv and do a lot of expensive spspchcheshat wowould fine. t t ifshe's goioi to try to ntntin tongngtiate heelel within thehe rubublin party and geget the right events and ke her r ccomtments, she'sgogog to have to anan her bbit >> d did palilin raee expectati for a 2012 by r resiininor lowr them? >>>> ihink she's kept it open and kept it on the tatable by sayingng amm l leing politics," i mean s she had a few c choic words criticizingolitics on frfray but she did n say ee was leavaving. she did n notsay sheasasoing to --hehe would neverer be a future candidate, s she wld ner seek higher office. she was out of the game for goodod. as we know on saturday s was tweeting a a wrwritgg submississ forfafabook talking about h how wee e l in thisistogether, we need tooforce pgrgres togethehe in thisscountry, you neveve n n aaitle before yrr name too something. th is all about ccoury. join me, se e said. soso think she madade it clear that s s w wan to remain inn t gagamen the futurere.

. >> i it's a housuse that t most investstors s wowould have wrir off.rnia's ha-hit moreno valley,, banks own empty h hous on every street, bubut he will pour money into it for repairsr >> when you're rehabbingng hous that's one o of the bibiggggest mistakes you can make is thinking you can save something anand d then put it next to something brand new. >> b but a after he's done re e renovating, norris will rent this home at a monthly profit. what is the plan? when you buy a house like this, do you intend to keep it for a decade? >> i intend to hold it as a rental. it will rent for somewhere around $1,200 and we'll keep it. >> such a good return that norris buys an average of seven houses a month. people have been called vultures in your position. what do you think of that? >> i think it comes from somebody who doesn't understand we don't do. when we come in here, we make this nicer than any house in the block. >> norris says that banks don't lend money to buyers for houses that need extensive repair. and so it's people like people investors buying up d

>> the obaba a admistration wowould veve diicicul time seinin congressn a second stimuluspacke.e.apartularly given how l lggt has s take to get theirirst stimulus package o out the oror. w wou say that thee only poposslele ing thahaththeobama miminiration can do that rerepuicans and conservative democrats might poposslyly signn is aaxut for middle class, low and middle cssss peoplele maybe ememptg the firstst $15,00000 o of income f from pa tataxe that wouldldutut money intnto people's's pkeketsight aay. it's s sething repububcacans cod possibly kke. and maybe e itwowod get t the econony y going.g. >> they've alwayssiked tax cutsthth's rrsure. there's a veryry o onoustotory thatatamame ut earlilier tss we th a lot o t the states that are in finanaiaial trouble, ey're sitting on theney. and the stimimulus money is not goinggo job crcratatio into new projects. what do you think the obama administrarationrr the sesecrar of lababould do about that?? >>well, there areevever inin here, ed. number onon the obama administration needs to ---s alady doing but needs to do evevenmore, acally

thisomes one day after o said he wowould cal an election onugust 30th. on sday, the rdp susuffered huge ls in a tokyo assembly election. >>>the greatatest iron orore sa in china,china is revieng iron o ore impor licecenses andy cancel as many 20 olymcss of thosee making speculative purchase mewhile, according toto chins natitional busininess day, auththorities ha seized several computers at o tints shanghghai office. austlia has moved up preure on dling with sternn hu. >> the government is dealing wi this issue. it involves issueof the application ofhinese law. we have a consularar agreent with them and wewe are dealing th themem in aa reonsible and measurured wa in a way in which sponsible governments s deal with these issueues. >> let's tur to goldman s sachs and take a lo at the earnings coming out this week. goldn sachs is the first o of the big u.s. banks to report cond quarteresults this week. goldman will post number at about 8: n new york time. many alysts b believegoman will beaeat the estimates. mereth whitney upgraded goldmasaying it woulbe ae

i wowould hearhem say ishat littlemichael? and my brothther was say,, yeah. he's so cute. >> what did you hear? >> with the girls >> y you heard them havining se? >>yes. >> inn th same bedroomom asyou? >> l let me see- sotimes. somemes not. yes. >> on somee occasis you're lying down pretending to be asleep and your brotherer is hang sex with soomeone ithe same oom? >>>> -huh. >>>> n we're going shoppg to this spectacular place. do youike shopping? >> loveit. >> wt do you love about shopng? >> notot so muchch the buying, i'm not cheapap, but i le seeing how peopople mak things. i love craftsmanshihip whe peop can doo with theirir hand anand imagination. >> i remembe giving $2,000 ecks in the mail wh i wasas 12, years old. used to get these large checks. my father would say what doou wa to do? of course wewe should put it ay. heould give me a certain amnt to buy thinings th i waed to buy. and whatt i would b wasome bububble gumnd canandy and stuf like that. >>okay. let's s go. we heaeaded straight for jacon's farite shopping mall. he tolold me he w wanted to spe some serious

i wowould pay forr this withh s t thechising m mon in the banks, there a a t.a.r.p. repaymenents bngng made. i would take those resrcrc applied too a new imimul, ununrsrstaing fully i it uldn' pafor it you'll, but would certaiaiy,y, oe the bananks pay babackll this money, i in fact could pay for some rndnd ofaxax cuts withththe t.a.r.p. repayments. topat's points, it's a littlele skio. schizo, but the reality is a presidentasas to stepback and keke inventory. hehe understands tha the energy and educucioion are the pillars but without jojobcreeioion,ur counyy faces pililnd i t thk popolicacal e president will face it. >> hold on a sesend, pat.. we're gogog g to come backck i second.. i want to go t t chuck todd's interview with the president to get the prpresent's version of where e hehihinkthe economy is ght now. >> somee areas you're seeiei th economomicngngin turn, butut we knew the recessision would be deep, b, itt was going to last for a while, and, even when theconomy pulls out of reressssio that y you' goingo o see jobs emerging only t t end o o that proceses r

i think the media wowould wod be bett talking about whetherer the course he set for r e couny is workg. >> we're goioing to that right now. is sarah palin theheost tanted politician in n alaska? >> s say thaagain. >>s sarah palin the momo lented and able polititician in alaska? >> i think shehe's cerinly one of them,bviously. >> so you think itit a gooidea for that most t lentednd able polititician ialaska to walk away fm governing alaska, whwhen it i iin thieconomic crisis along with the r rest ofhe 49 states? you thk that's a good idea?? >> whahai saidas, a, she was one of the most tatalentednot e most talented. who is more talented ththan sarah palin inin your vi in alaskaka whwould be a better goveveor? >> i i'm not gng to go down the st. >> when she e its thjob, soone else becomes govererr. dodoou thi the lieutenant governor is gogoing to ba better gogornor tn her? do yououhink tt will be an upgre? >> i think he's s going be far mo equipped to deal with t the economic issues for r the ste of alaska withoututhe disaction ofhe media come into thehetate trying to muck rake e ainst e

you put ththe e tother, you wowould veve serious threat to any y ndndide in a couple of yeyeartime.a concern for people in the whitite ususe, becae e is may be a 1992 sisiation. and thth c cane very unpredictable. >> could that bebe sar p pin? just throwininththin together off the top of the heaea ist t poible she might be -- when she venentus s ouon her own into whatever it i ishshe'going to do, is it posossie e shmay trtrto go there without ththat party behind herer >> well, she m may t, , t i don't ththink atatits the mood what you're seeing hehe.. people disillusiononeditith e papart with elected officialal here's someone whoho w o on e ticket, , ththou she has this grsrsrts support, she has jujust wiwiererednder the pressure. and so i donon t thi it's going b bsomeone in politics, i in the rereblblic party. itit'sorore kely to be someone way outside ofof i >> again, just look atathoho we ththe st three losing vice pridential candidates, j j lieberman, john edwardrds d d sarah palin. that q qte a group. richard wowolf, , wee out of meme. author of "r"renadade. always a p pasasur

" magazine says s nsumer advocacates ha warning ththat ying with plastic was a dangers trend that wowoulduae re financial trouble foror consnsers. and wall streett stats the new tradinweek in the thrs of a a downward trend. both the dow a the s&p 500 are comingng off foour straight oss, losi weeeeks. investstors this week may take their cue on the econonomy from reil and wholelesale pris. >>> now, a a w look at hohow t ececomy is eating awayat the profofs of one of the biggest candy companies. joininme liveve, mnbc nalyst, veve gibbo. we'ree talking aboutt hershey. why is this a big tory? >> chocololate is a recession oof business and hersheys is nefiting from the factct that people arere trang down, not gointo godiva. but theyeye shutting down thr website divisision and calog. theyey had big hopes for this. theyey had orly ambitiouss plan when the economom was good, so now they' lookingto go back to basisics. focucungs onhe stuff thhat people wt, thee cheap stu, the sses, thebars, all that stuff. >> andndhis is a b blueprinwe're seeing compananies ross the ard. >> it's a reflection ofhe

there wowould prably be anywher fromom5 t 30 songs recorded.hael's whatato put on thehe album and what not. that doesnsn't mean at the songs that were not releaeased were n as great as the hits ththat you know. >> mar where does it go fromom here? >> well,, as tommy s sayaying, look, were going to hear t tse pieces. i'm exted to hear ttm. the fafans areertainly excited hear them. i've got to say i'm a litittle nervous. ththat the's things that were left off of " "thrillerand t thn th were left off afte compilatioions of "thrler," michael didn't want t them out. i'm n n sure t. >> how gooood would he have bee had hehenoteen the dcer he wa i mean,n, there wasn't't anybodo uld ev dance like this. >> agreed. >> he wawas made f video. he was m made foyou guys.s. >> he abablutelywas. anand hee knew itand we knew it. i think you sell himhort to say hogreat would heave be if he wasn't't the dcer he was. heas spectatacular. and that motown 25th annivers y ananversar that moment changed the world. everybodthe next morning was talking about only thahat. >

cutut thehe corporatat tax from 35 too 25 a helpmall binesses buy equipment and hirire peopl a and wowould hav immediate shovel-ready projojects, an we prededted th most of the stimulus package t that was pasd through h the sene in a p ptisan fafashion wld notaveny reall short-t-term fect, so, g guess wh, we're finding out onlnly10% much the m money has been spent. a lolot of i has been on rididiculousojects. say with reect, wee republblicans h a positive alternive. itit was und$4 billion. we had a an alternative budget we hadn a aernati to the omnibus spendg bill. >> 40% of the stimumulus packag included taxaxcu. >>>> it cluded tax cuts,ut a lot them are in t the wrong direction. y not make sure we fococedn smalbusiness and, alsoso, o corprporatio which now have the highest tax rat of any -- of any country ithe world. >> here's w what his top econom advisor r said thi week. people know thahat proems of this seriousness canante turned around inix months or nine months. ne of the president's strerengths a s his extraordinaryy cananr the president has bebe hones with the e americ people abou

they said most o oththesprojects were shovel-l-rey,y, a the money wowould o o very quickly.ow now that h hasotot haened, and even that 1010isis a little deceiving becauauset t haha't't bn used. what they promomis u us uld be thresult of the stimulus i in a ort-term and has turneneouout not to be trueue. i'm not saying it's s t t veveli, but it's certainly n n factually y corrt t cause they said unemployment woululbebe a maxiximum 8 8and probably ososero 7%. >> could youou spoport second imulus plan if it comes s down?? >> i think that would d t the biesest stake we could ever keke why don't we focususn n tacuts, why don't weut fus on sllll businesseses? why don't we instete o of ying we're e gointotoncrease taxes to pay fofoheheal care reform, why don'n't s saylook, let's ease ththisururdeon the small businesses particularly,y, and keep goioing b bacto that. who generates jobsbs in erera? not general momorsrs. not chryryerer. people that t geneteteobs in erica are small businene people who all ovever,r, a overy hohotown of phoenix, arizozona are e shutngnghe storefront enent

she is not a pererson you ok at and d think as serious perso you wowould entrust with the seous futurei don't think. >> why don'n't we put i it thisy so people d don'think we're pickining on sah palin and i didisassocte myself from eveverythinghat's been said around this table. >> wait. >> but seriously, if you had a fortune 500 compapany and you d thehoice of having sah palin run itor mitt r romneyrun it, is ther a questionho you wowould hahave run it? if you have a polital party and u want to beat barack obama in 2012 with the economy the way it t , and i'm deadlyly serious. m not knockingng sarahpalin. but do you wa mitt romney rurunning ainst barack obobama n 2012 or r do you wt sarah palin? and ththat'snot ing itist. i'malking about a repepublica >> and t the answe to the quesestion, think, is obvious and here'ss the point. >> but is it oious to 71% of republicanans who w want her to their president? >> c clearlynot. but as you know, joe, where national electioions are won ar not among % of anncreasingly republicanan base. it's won in the middle and in this pas election what the o

dodot t kn if dadais the time togeget into it, but t tre is a a debate because there are ththos t tha wowould gugu thatt his father a the disisciinine was actually t intense and tooo much a a i i affected michaelel in n negive wa lateter i his life, and i don't havethth aswswer to those quesonon >> i am n surehahat it means. my mother used too make meakak the switch,, and then ee would say i whip youececau iovove yo i don't seehehers a c cru woman. >> theototrpopoin that charee mamade in the een room,m, sssse is is it impossible too h he th music,c, andven if u don't like michael jackson, and you say,hateichaeljackson, and u hear it in thehall,r where ever isit, a the next thing you know you a tappppgg your feeeet andd fingers. do youou know anybody --hat do yoyouhihink made him so effect inapapring peoples'' emotion dd atatntntio >> the music andhe timeses. he wasnot the first toto rea out, but hee w received well. ananthe cistmas song byy nat cole. aching out. and that the tiss that m micel was comingalong, walls are cocomi down. i rembmb being in ruia about 2525 years ago, a and they weree

on taxpar funded human embryonic stem c cell research under new chchanges many old stem cl lines wowoulde eligible for federarally financ resesearch. police are agnlashing with members of a minority group in wewestern ina this morning. ateast 156people h have been killed in fierce riots over tht past t days. that's a look athe news. now over to willi >> thank yo mika. anan rly check on busines witit nbc's jeffcucutmore, lve in london. good morng. >> repororter: gd morning, guys. eueuropean eity session t this momorning, whad a five-week l l on t oil priciceut oil stroronger, 6:4a babarrel here. in terms of thehe overa market tol as welose out this tuesdaday. a fe interestingg storiries around. laura tyson talked in asia abot the poibility of a a secon stimulus packe. that is something th markets are trying to feeed into the equatitions athe ment. e other story t that was interesting, a recession proo indury seeeems toe massage and maninicures. apparently in008 we had a 16% increase inn spa viits. the revevenue as a whole wasasp 18%. even as 9 millionon amerins are losing their jobs, ther

evenf it were working rfectly, the stimulus wowould not come closese to stemng the cacaade of jobobssnessunleashed me recsion. is the stimulus an, sesetor, goining to create thee kininds jobs that our system is hemorrrrging now?w? >> it'ss certainlyly going to eate jobs. i undersnd the anguish of a guy like bob herbert. i feel it when i heaear my constituents.. i was up buffalo yesteterday peopople ce over to me, help me find a job, it gets to u. e stimuluspackage, look, we -- the p president came ininn the worsrseconom time since the dedeession financncl marks were shot and we riskedhe geat depressssion. we trul risk the great depresession a the initial l thrust of the stimulus packe was to g some moneyut therer into the ecoconomy quickck. ifif not y'd he a deflatioionary spspal. we don't ris the great pression. the seco phase can haha t the stimulus is job creation. those are the roroad buildingssd ththe brid building and t the lalang ofinformation technolology, cables, andnd thi like tha that'sust begiing. we'll l know or the next three, ur months, whetherer it's enengh. i think itt's premature