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Detailed text transcripts for TV channel - MSNBC - 20110924:11:40:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110924:11:40:00

Roughly. you want them to get in rehab later. first, you want them to survive the night. there is a broader issue with the book. it is all about semi-random mostly off-the-record odd quotes about how everything went wrong and the process was broken. it has a lot of internal inconsistency about what went wrong. he really hates him, hates him as much as i have ever seen a book hate anybody. hates him in a way that people in the administration who hated larry summers don't hate larry summers. every place in the book where they saw an inflex point, it felt larry summers was on the right side of th...

Detailed text transcripts for TV channel - MSNBC - 20110924:11:52:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110924:11:52:00

Important version at that point is not just roads and police forces -- >> i'm not going to disagree with that because it's cooperative enterprise. every business -- >> the political system does disagree with it. yes, it's -- >> job creators -- >> the corporation is a group of people -- >> look, i come from california and what we're doing right now in california is you have a massive budget crunch in part due to very poor spending. we've been slashing taxes for a long time. in part due to very rich, who push things like prop 13 and make sure you can never get -- >> powerful groups that -- >> an...

Detailed text transcripts for TV channel - MSNBC - 20110924:11:41:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110924:11:41:00

One of the things comes from the book is the way the elite opinion constrains what is possible in a given moment. i think that's something that comes through very powerfully in the book. that must be the case when you are sitting inside an administration, what is on the table and what is not on the table is something that arises out of where elite consensus is. >> i think that's part of suskind's point. look who was in the white house and at treasury. these are people who are from wall street, deeply connected to wall street. i think ezra makes a very point point there, even within that, accep...

Detailed text transcripts for TV channel - MSNBC - 20110924:11:44:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110924:11:44:00

People forget that actually a lot of this seemed to be working. >> that is the story that the white house certainly believes. they say it in here. they say things are going fine. then, we get the tsunami in japan. we get the greek debt crisis and who could have thunk. i disagree with that. if you look at the fundamentals, what happened, we still have too much debt in the system locally. i'm not talking about greece. i am going to go to a break and come back. democratic senate candidate was caught on tape making an amazing point about taxes that no one ever talks about and democrats never dare ...

Detailed text transcripts for TV channel - MSNBC - 20110924:11:09:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20110924:11:09:00

You don't need to get them through. this is what makes them different. in a year, the bush tax cuts expire. you don't have to pass tax increases through the u.s. senate or the u.s. congress. you have to do nothing. taxes go up by $3.6 trillion over ten years. the administration, i might argue the point, the administration doesn't want all of them to go up. there will be some sort of negotiated deal. it would be very unusual to negotiate a deal at this point assuming the economy is not into a double recession. >> the super committee is going to have lots of little things, as you just said, lots...