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Deficit, did not create any jobs and that they should be repealed. >> all right. house speaker nancy pelosi echoing treasury secretary tim geithner wanting to let some of the bush tax cuts expire. both say they contributed to the deficit and did nothing to create jobs. former colorado governor richard lamb may be the first democrat in nearly 40 years ago when began sounding the alarm on america's structural deficits and he joins me now from colorado. governor, thanks for coming on. so you look at what's going on today in this debate about the deficit and we have the presidential commission and...

Little frustrated with the fact nothing is getting done in congress, nothing is being getg done in congress and frustrated with the fact they say the federal government isn't working for them. that is something you hear from the more conservative tea party actists. they may share some of the grievances, they goals are different. the tea party calls for a down sizing of the federal government, people here want to fix the government and reform it and make it work for americans. >> so annabel park came up with the idea for the coffee party. there she is. she joins us from washington to talk about...

I'm julia boorstin with your cnbc market wrap. the dow jones industrials falling nine points, the s&p 500 up half a point and the nasdaq finishing pretty much flat. a lackluster beige book from the federal reserve offsetting encouraging numbers from professors in the service sector. as expected the fed said february snowstorms put a big crimp in the pace of recovery. the beige book shows the economy is growing but not fast enough to spur increased hiring. private employers cut 20,000 johns in february, lower than january's numbers and employers are moving away from down sizing as the recovery ...

We're left to hope that somehow american policies of down-sizing and disengagement will turn out better than they have in the past. >> maybe white house officials look through things through a political prism, if the president was to step up and do more, how do you think the american people would receive that and how do you think it would sit. >> i think it would be up to him to make the sale. america is said to be war weary and at all times it's war wary. it falls to president and really only to presidents to make the case for u.s. involvement in overseas conflicts. unless we've been immedi...