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The gop is stilli clinging to this myth at the expense of the middle class. one says while hes helped launch dozens of companies, hes never been a job creator. nick wrote in a bloom berg view, its impossible to invest enough in our economy and our country to sustain the middle class, our customers, without taxing the top 1% at reasonable levels again. i kre lentsly gave a lecture ripping into the republican argument on job creators. take a look. >> if there was no one around who could afford to ...

I appreciate your time. it seems like you have the philosophy of henry ford. he wanted to pay his workers enough so they could buy his ables. do i have that right? >> exactly. we call it middle out economics as opposed to this ridiculous notion of trickle down economics. the idea that if you pour money into rich people like an ingredient, jobs will squirt out of them like donuts. it hasnt happened and it wont happen. jobs are a consequence of a feedback loop of customers and businesses. when cus...

Of their other speeches of their conferences. and under pressure today, the t.e.d. organization finally released that video. heres nick hanauer, venture capitalist who became the first non-family investor in amazon.com. >> i can say with confidence that rich people dont create jobs. nor do businesses large or small. jobs are a consequence of a circle of life like feedback loop between customers and businesses. and only consumers can set in motion this virtuous cycle of increasing demand and hiri...

Is a complete and bogus lie. and that the true job creation lies in animating consumer demand and the feedback loop that comes from it. >> i want to show one more piece of your speech. for two reasons. one, because its been suppressed and were exciting we have it. and the other, it beautifully puts this notion about consumer demand and how the rich absolutely cannot generate enough consumer demand. lets listen to that. >> sure. >> there can never be enough super rich people to power a great econ...

Which is that consumer demand rules everything. and its something that henry ford knew. he knew when he was making -- when he was mass producing cars that the workers in his factory had to be able to afford to buy them to generate and keep that demand going. >> correct. correct. only consumer demand can animate hiring. although its not quite true that economics textbooks reflect that idea because that idea is -- whats necessary in order to reach that conclusion is to understand that the economy ...

>> i can say with confidence that rich people dont create jobs. nor do businesses large or small. jobs are a consequence of a circle of life like feedback loop between customers and businesses. and only consumers can set in motion this virtuous cycle of increasing demand and hiring. in a sense, an ordinary consumer is more of a job creator than a capitalist like me. thats why when business people take credit for creating jobs, its a bit like squirrels taking credit for creating evolution. its ac...

Is just a series of profiles, rotating profiles of up-and-coming republicans. only one of whom will be chosen. probably none of whom will say they will be chosen until the candidate decides to announce it. >> does romney camp have sort of a wish list? >> theres no formal list as yet. but of course the people around mitt romney and probably mitt romney himself are giving it some thought, starting to, starting to meditate on who these people are and theyre certainly reading the coverage. part of t...

Clearly not only shapes the process in terms of guiding who stays in the race, but what they say this should not be part of the process. >> krystal, you have run for office before the super pac era. i dont know if you would have had sheldon adelson coming in and trying to sway your vote. talk about the dance between donors and politicians. is it corrupt as it seems? or do we make too much of it? >> heres the thing. and as youre stating, ive been the one on the phones begging for dollars. heres t...

Magazine. his new article, the new revolutionaries coming to a city near you is in the latest issue of "wired" magazine. and how do you move from the noise of social media, that feedback loop of rage and passion into what i would think of as like harmonization, where theres actually sounds coming through -- that go beyond the raw resistance that is manifest to this point? >> well, i think what social networks have been able to do is take all the virtual connections between people that exist sort...

Is, as an ecosystem, you come to very different conclusions about whats important and how you might arrange the pieces in order for it to work best. let me just give you one example. so if you have this sort of 19th century mechanistic view of how the economy works, it is possible to believe that if you pour money into rich people on the form of tax breaks and loopholes, that jobs and prosperity will squirt out the other side of them, sort of like a doughnut machine. and, in fact, theres this ve...