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Far. as a candidate he expressed solidarity with them, but when it came down to the fight over collective bargaining, the president in the end backed away from the issue because its very divisive and controversial. so if this keeps happening, the president may find himself forced to choose between standing with hiss folks or alienating swing folks. harris: and what should focuses pay attention to as unions come into the picture? lets get a flavor, a little bit from a quote from from one of the -...

Commodities like wheat and cotton and copper, and that has, in be theory, pushed the prices of the commodities and things we buy ever higher. rick: you know, i remember doing interviews with smart people like you a couple of years ago, and people were talking about inflation. they were talking about how some of the policies that the president was putting in place, that this was the road we were headed down, and so the warning signs were there even before, you know, we got to this point. >> right...

Made is, yes, there is some inflation, but the risk of not doing anything is greater than the risk of putting more money into the economy. and thats where we are today. rick: so interest rates, i mean, this is what the fed does in order to try to influence and manipulate the markets a little bit. what are we looking at, i mean, down the road as far as interest rates and how they could come into play to try to get inflation under control? >> right. well, heres some important things for your viewe...

Can be complex, but right now id say the economy is not in a terrible position. it could go either way. rick: and so for folks who are sick of paying what were paying at the pump, sick of what were paying for milk and coffee, we just have to ride this thing out? >> i think were going to have to ride it out. if interest rates rise, we might see some of the commodity pressure come off here, but i think the main thing that the economy really need to get going right now is more employment. there was...

Economist to know that high prices are the result of the law of supply and demand. what exactly is driving these high prices? what are we hearing? >> reporter: when it comes to supply and demand the pricing of oil is a really complex thing. supply and demand is absolutely key to it. included in that is speculation about the future price of oil and how the potential for disrupgs in the supply chain affect that. >> we said for most of 2011 that the price of oil has been driven by factors other tha...

Starve doctors under the guise of wellness programs. defenders say ifab represents a novel approach to a problem thats festered for decades. >> so lets assume that this ipab is up and running and they make recommendations that the president himself supports. if congress wants to do something differently, they have to reject the ipab recommendations, pass new law and the president has to sign them. so thats a pretty big hurdle. >> congress has the opportunity to reject those proposals. and i thin...