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That is exactly what we're not doing. instead the number two republican in the house, eric cantor, is saying the jobs bill is dead, but he's not proposing any serious alternatives. meanwhile, republicans are trying to intimidate the federal reserve into cowering in the corner until the end of the 2012 election. you would think the republicans would be horrified at the thought of letting european leaders decide an american election. in fact, they sort of seem to be courting it. joining us now is jared bernstein, a former member of president obama's economic team, a former economic adviser to vi...

Thing at the time that this press conference happened, but it just makes this moment so incredible when you look back at it. take a -- we'll show you the clip here. take a very close look at the guy who throws president bush the softball question at the end of this clip to try to rescue the president, essentially, when this press conference was getting to be really tough on him. >> mr. president, do you think it's a proper use of government funds to pay commentators to promote your policies? >> no. >> are you ordering that there be an end to that practice? >> yes, i am. i expect my cabinet sec...

To show how much greed has gotten into the political system. how it has become in essence, really a very difficult america for middle class families to extend forward. democrats are hammering through that message every chance they have under this issue of the pay roll tax cut holiday. something that republicans have struggled to figure out where exactly they stand on it. their conference is still very divided in the house about whether or not to put forward the pay roll tax cut holiday extension. if that doesn't go forward, working americans will probably see an average of $1,500 disappear fro...

Being paid in order to end that claim. and to ensure that a lawsuit doesn't go forward without an actual resolution of what happened. >> so we wanted to see what he had to say about that, so did everybody else. that happened after the morning shows were done. after "face the nation" herman cain was asked this by a reporter. >> so basically what he said is i'm not going to comment on two people you cannot tell me who they are. obviously, though, this story in this day and age, folks, i mean, this story is going to continue to grow and quite honestly, the press is not going to stop until they fi...

Any worse. >> guard against another downturn. that is exactly what we're not doing. instead the number two republican in the house, eric cantor, is saying the jobs bill is dead, but he's not proposing any serious alternatives. meanwhile, republicans are trying to intimidate the federal reserve into cowering in the corner until the end of the 2012 election. you would think the republicans would be horrified at the thought of letting european leaders decide an american election. in fact, they sort of seem to be courting it. joining us now is jared bernstein, a former member of president obama's ...