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It's local bank president who is are helping drive the policy. when ben bernanke goes to this committee, they're the ones who say basically, we're going to put more money into the economy. we're going to keep thing where is they are. we're going to take money out of economy. there's been a battle on this committee brewing over what the best path forward. >> there's definitely been a battle over thinking about, first of all, i think there's two issues. one is how much of our current downturn is still due to a shortfall in aggregate demand and easy impacted by monetary policy, and second of all,...

Are helping drive the policy. when ben bernanke goes to this committee, they're the ones who say basically, we're going to put more money into the economy. we're going to keep thing where is they are. we're going to take money out of economy. there's been a battle on this committee brewing over what the best path forward. >> there's definitely been a battle over thinking about, first of all, i think there's two issues. one is how much of our current downturn is still due to a shortfall in aggregate demand and easy impacted by monetary policy, and second of all, we really have a hard time forec...

Discussion whether it was obama or boehner and ever agreed it was cantor. if you've now tried that and then you say, and again, would not have been my approach, i would have taken a different president's the president. belief over and over was if we give them a chance to rise to the occasion and be bipartisan, then we'll get the kind of deal the country needs. he's all out of that. there's no more plays to make and this is a chance where the senate democrats need to take a stand and say here's what we think it is. if the republicans continue to compromise not at all, things will fail and janua...

Marginal group. american people support the right and the necessity of unions. when you look at the polls and you ask people are unions necessary? all, 60%, democrats, 75% say they are, independents, 65%. 41% of republicans say unions are necessary. >> they also sport institution of collective bargaining. ask john kasich if people in ohio support collective bargaining. ask scott walker in wisconsin if people support collective bargaining. they support the right of workers to come together to speak as a unified voice to get a better deal so that our wages can come up, we can create aggregate de...

When it comes to the unemployment benefits, republicans are holding up the unemployment program. >> you are switching gears here. you are saying, i have to say this. i have to get on the debate here. >> what you are saying we can't have federal workers pay more into their pension fund because that is bad for the economy because we need to raise aggregate demand. that is essentially your argument, isn't it? >> do you want me to state the argument? i think what republicans are doing because they lost the payroll tax debate they are trying to uphold the unemployment benefits that the federal cont...