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Particularly an important part of this economy. what would you think somebody like romney, who watched it, who oversaw it in that way would say is yes, we need to clear the way for that. but we need to help the people who get left behind by it. this is the nordic philosophy. the flexi security. you allow for a flexible labor market and help the people that fall out of it. he's had to move so far towards the republican consensus of the ryan budget, is that he can't say we will help the people who fall out. we will have the bigger safety net. >> it's worse than that in many ways, what you learn ...

That got passed and we had you on to talk why it is a scam. the actual jobs act, the american jobs act, that was a concrete discrete bit of expansionary policy they tried to put forward. he did the primetime speech, he did all the things, it went nowhere because whatever you say about partisanship at a policy level one party is implaquably committed. >> obama has put social security on the table to be cut under the theory of this phony crisis that doesn't exist. >> right? >> and as soon as he did that, and we now have a good 30%, 40% of progressives saying we need shared sacrifice and we need ...

Mitt romney gave a speech about the debt and deficit. he's unveiled a debt clock, like the one midtown a few blocks from here. which is essentially meaningless, it gives a nominal value of the debt, not in relationship to gdp. john boehner also at the fiscal summit threatened another debt ceiling showndown. on the romney point, one of the things we're discussing, we're trying to understand whether republicans are making these debt and deficit arguments in good faith. and the reason there's reason to doubt they will, because in the past they have expanded deficit and debts, and in fact the romn...

Our foes and you win elections and get enough people and you get your program passed. i worry more about polarization, partly because we can't do the big things we need to do in this current environment. the debt ceiling to me is the acute worst microcosm, the essence of what this kind of polarization, particularly asymmetric polarization where republicans are willing to be far more extreme, take far larger risks, drive the truck off the cliff at a far faster speed -- that's what it looks like. the question is what has broken down in the accountability system that it's politically possible, fe...

>> that doesn't seem like that big a deal to me. most political ads are kind of silly, i don't pay nay tension to them. the king of bain thing they put on there. the king of bain. >> the gingrich, that's emotional. i, it's a completely opposite of what i believe, and i see that and i was like -- i don't know if i like this guy any more. it was incredibly emotional. like almost no political ad is. >> and partly that's because there is something and i say this as a reporter and having spent time talking to people who lose their jobs because of creative destruction or dislocation or totally preda...