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Detailed text transcripts for TV channel - MSNBC - 20110803:00:05:00

Lahood and the loss could reach $1.2 billion if the situation isn t resolved before congress returns in september. joining me now is robert reich, former labor secretary in the clinton administration, he s now a professor of public policy at the university of california at berkeley and mark zandi, the chief economist for moody s analytics, he worked for the mccain campaign and the obama administration. thank you both for joining me tonight. professor reich, i want to go to the question of what have we done to the economy with this legislation? well, the good news, obviously, lawrence, is that the economy now doesn t have the sort of dam collies hanging over it, we can pay our debts, we are not defaulting on our national debt, and we won t face an economic calamity. the bad news is the president has essentially tied his hands and the hands of congress with ....

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Detailed text transcripts for TV channel - MSNBC - 20110803:10:51:00

If the president said consequences be damned, i will not let the tea party stop seniors from getting their social security, keep them from getting their health care, men and women fighting our wars in afghanistan and iraq, i won t let a small group of republicans stop these checks from going out, i m invoking the 14th amendment and if you want to impeach me for it, bring it on. the president would be up to 60%, independents would be for him and the tea party s back would have been broken but this president does not have that in him. today is the anniversary of that air traffic controller speech. i remember watching that, mike halperin. at the end of the day americans want strength in leadership. and i remember, i was with my two democratic grandparents who had the same reaction as the cab driver. and my grand mom said, she voted ....

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Detailed text transcripts for TV channel - MSNBC - 20110803:00:12:00

Recession, and it does not spell fairness. mark, you know how to talk to republicans. quickly before we go, tell me how you would explain to an anti-tax republican why we need tax revenue in the longer run. well, i don t think we re going to get to the $4 trillion in deficit reduction that we need without it, and i think reducing tax expenditures, those are the loop holes in the tax code, is something that everyone can get onboard with, broadening the tax base will generate a lot of revenue, it will make the tax code more fair, more efficient, less complex, and you could, in fact, generate so much revenue you could lower corporate rates and i think everyone would like to see that. i think that s something democrats and republicans could get on board with and i think we ll have a window to do that once you approach the expiration of the bush tax cuts in 2012. mark zandi of moody s and ....

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Detailed text transcripts for TV channel - MSNBC - 20110803:11:50:00

Terrorism which is a base for hezbollah and has been dominating lebanon to the point of certainly being involved in the assassination of lebanon s prime minister. by the way, the rest of the arab world is not speaking out against syria, is it because a weaker syria strengthens israel? is that because that is so intertwined, obviously, the israelis and the syrians have been fighting for some time with lebanon in the middle? is that why there s a hesitancy. i think it s also complicated by the sunni/shia divide. assad is an ally of many of those other arab regimes. from your quickly from your foreign to domestic expertise, what are your plans with nancy pelosi today. i should ask your advice. with the wreckage of what s happened on the hill and the way the democratic and i mean ....

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Detailed text transcripts for TV channel - MSNBC - 20110803:11:08:00

Down lower and lower and america is coming home. the intervention abroad, the war, the foreign aid, the whole trillion dollar warfare state with nuclear weapons, that is inevitably coming down. you can t sustain with a currency which is losing its values in the world markets. i think pat is exactly right. i think the decade of war is going to be followed by a very skeptical american public in the coming decade. i think the first chart that steve just showed us showed us really a problem with how our political storm can function in an effective way. love it or hate it i would have liked to have something that moved us forward on one of these issues. and we re nowhere. crisis averted. now we need to switch to jobs. as i said before jobs won t be created in washington, they will be created by the private sector and in the states. steve s numbers he said are rough. ....

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