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rogoff with differing perspectives will tell us what they think will happen in america, europe, the emerging markets in the year ahead. after that, why in the world is the price of oil so high when the global economy is so troubled? we'll explain. next up, iraq. the nation is on the brink of disaster according to its former prime minister, allawi. i will talk to him about iraq's trouble. and then we'll ask two participatants whether the iraq war was worth it. an important debate. first here's my take. finally it looks like former massachusetts governor mitt romney will win hi...

the global economy is so troubled. we'll explain. next up, iraq. the nation is on the brink of disaster according to its former prime minister. i will talk to him about iraq's struggles, and we will ask two participants whether the iraq war was worth it. an important debate. here's my take, first. finally, it looks like former massachusetts governor mitt romney will win his party's nomination, so republicans are following a familiar pattern. they're nominating the mainstream candidate who has waited his turn, the guy who ran once before. this is the party after all, that had a bush...

Interested in creating jobs. >> brenda: let him talk. >> you need to do more. the reason that businesses are not hiring right now is less to do with their tax rates, but more to do with the lack of aggregate demand out there in the economy. and even if you increase profits by cutting taxes, you're still not creating a market for those goods and services. that's the real key issue. what's going on in europe right now has been priced in, and factored into the markets for the last six months. so, this is not a surprise. what we really need to do to increase employment at home is to improve employ...

Solve everything overnight. the issues that jeff and arianna have raised. but it could give us momentum in the right direction. first, i believe we need a short-term stimulus. even with the other stimulus, we have a problem of aggregate demand here. but we need a stimulus focused on real things that will actually advance the job market in the future, and that is infrastructure, in my view, it would be infrastructure for cities. at the same time, we need a long-term fix to our fiscal imbalances, which i think would do two things. one, it would give people the confidence to invest my stimulus. b...

Welcome back. we have congressman keith ellison. and one response is from the chairman of macro advisers, and said the gop proposals would have immediate relative effect to a plan like obama's that stimulates aggregate demand, and then there was this quote. so that seems to be the consensus at least among economists, there is is no stimulus plan. i think she is publishing your book, if i am not mistaken, so i want to fully disclose that, but she had a question. >> hey, karen. >> i had a question about the