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During the meetings of the deficit reduction super committee as it was called. >> just to be clear, if this committee were to adjourn today, and the congress were to adjourn for the next ten years and go away, we would actually achieve greater deficit reduction than if we went and took the advice and went big is that not right? in other words, we could get over $4 trillion over that ten-year period? more than the $4 trillion a lot of people talked about, right? >> yes. thats right. >> you write ...

Years would have translated to about percentage point and a half off the unemployment rate. you know, we may be talking kind of upper 6s rather than low 8s. you know, which is -- which is significant. thats a lot of people, lot of jobs, what we are talking about. i think thats the biggest thing that i would criticize them for. >> and so -- when you talk about that sort of late spring 2010 period, this was after scott brown won in massachusetts. this is after the turn of the republican party. the...

Small business bills. state fiscal relief. so -- it is not like there was a stimulus and thats it. and i have a hard time really imagining getting the unemployment rate down as far as noam suggested. definitely missed opportunities. one thing thai found in the earlier discussion that i disagree with is that if you had gone and campaigned pro-stimulus in 2010 in some of the states that you were talking about, one of the problems we had is that we passed a sometime lusz, unemployment rate went up....

Saw it flare up but no one on either side wanted to harness that. >> the only guy standing between them and pitchforks. the part of the bill that made them spin off that which had been very, very tough on them, mind? sing with ibuprofen support, theres legislation now in the house to gut that and it is one of the -- sort of unpleasantries about the financial regulation bill which i think, again had a lot of good stuff in it but so much of it was left up to regulators. so much of it was we will h...

Curious about, jared, if i can call you that. >> i think we can. >> dont you think you should ask me that? >> no. >> please, call me jared. >> it seems that unemployment rate is going down. everyone who doesnt have a job or no longer looking for a job, thats a serious problem and my heart goes out to them. but i mean, some of the things that was put in early in the administration in the stimulus actually seems to be working or having like a -- rejuvenation not just because of spring but it seems...

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Thought at the time. >> the fascinating point you make, tim geithner gets this reputation, people think he worked with gold plan sacks on wall street. he never walked on wall street. career public servant. very admirable thing. you sort of say -- odd that -- odd fisher in the administration is that the people who have worked on wall street were actually more willing to put conditions on wall street than put pain on the banks and thought they could take it. lot of the folks that havent worked on ...

Something which i had nothing to do with when i read it i thought dash the guy that wrote it had it exactly right. he said surprise, surprise, goldman is not -- make-a-wish foundation. they are a company thats here to make money. thats what they do. >> when i read that op-ed, editorial, you thought my god, goldmans defenders are worse for it than the attackers because what a lot of folks said and at "the washington post" my colleague said look, how can you be attacking that? are you surprised wh...

Financial regulation process. >> you are trying to sell [ bleep ] a deal and it is your top priority. come on. should goldman sachs being trying sold -- it sold it, a lot of it, after in a date, should goldman sachs be trying to sell [ bleep ] deal? can you answer had a one? can you answer that one yes or no? >> when you get senator levin, a portly guy, dignified guy, a senator of the exalted grand chamber of the u.s. government, to start cursing on camera during testimony, you have people prett...

And then it got -- rejuvenated again and then passed relatively quick thereafter. >> thats right. there were several moments where the -- the air seemed to be coming out of and it this -- this was one of the major revelations that -- >> lawsuit. >> sec lawsuit. in fact, on derivatives, you know, one of the more steered corners of financial regulation. we were really moving in a much less stricter action the lawsuit against goldman ignited this firestorm in congress and blanch lincoln, nobodys id...