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Detailed text transcripts for TV channel - MSNBC - 20130306:12:35:00

It is growing, but it s growing at a very modest rate. you re not going to see 3%, 4% gdp growth we think for years. it is growing 1.5% to 2% or 2.5% which is still not enough to stimulate overall employment or lowered unemployment rates, but it s still, you know, modestly positive. so when you say, are you positive on the economy? i m positive in a cautious kind of way. but as joe articulated on the charlie rose show which i thought was really a terrific debate, there are things on the horizon that are very scary. and i thought paul krugman s perspective was kind of a little frightening in the sense that he didn t see any possibility of any black swan on anything that s happening. and if you talk to any informed businessperson, that s not possible that you could completely eliminate the ....

Gdp Growth , 1 5 , 02 5 , Unemployment Rates , Joe On Linkedin , Paul Krugman , Charlie Rose , Black Swan ,

Detailed text transcripts for TV channel - MSNBC - 20130306:11:20:00

Compromise. meanwhile, congressman paul ryan is finalizing his latest budget proposal which aims to eliminate deficits within a decade. but the blueprint has raised concerns of some centrist republicans after ryan floated the idea of tweaking his pledge to protect people aged 55 and older from any impact of reforming medicare. ryan reportedly fares the idea of raising the age to 56 or higher, but some members of his party in competitive districts are worried about the political fallout. it would take roughly $4 trillion in deficit reductions to balance the budget by 2023. and joe, i just wonder if this reminds you of some of the conversations we ve had with some republicans that have come on the show where they still don t want to say where they draw the line when it comes to making adjustments that would make the way our entitlement programs work more responsible. well, there s a battle right now, and it s not an angry battle. it s a friendly battle inside ....

Paul Ryan , Budget Proposal , Reforming Medicare , Joe On Linkedin , Deficit Reductions , 4 Trillion , Entitlement Programs , Battle Inside The House ,

Detailed text transcripts for TV channel - MSNBC - 20130306:11:35:00

Could go up in the air and cause problems in the airwaves over washington, d.c. yeah, way to punish the little kids. that s going to show republicans. and go take it up with your congressmen. willie, there s a danger in this. there is a political danger. thanks, joe. bringing it back. bringing it back for us, jim. helping you out. there s a danger in this in that if the public starts to think that the government is exaggerating the consequences or is doing things like canceling white house tours just to make their point, there s going to be a backlash. and i think that s what democrats are concerned about. you ve had several cabinet secretaries say things that they ve had to walk back about the consequences. we saw this with arne duncan. we saw this with napolitano. if you keep seeing that, people will start to get suspicious. i think whoever just said too late, it probably is too late because we ve had several examples of that, and that s where the unease comes from. gene, ....

Joe On Linkedin , Jim Vandehei , White House , Cabinet Secretaries , Arne Duncan , Gene Robinson ,

Detailed text transcripts for TV channel - MSNBC - 20130306:11:11:00

The least. he, again, was an extreme populist. he consolidated power. he hurt institutions within venezuela. my own hunch is he did not put venezuela on anything like a long-term trajectory to sustain his own vision because so much of it, again, was simply because of fuel and higher oil prices. so i think venezuela and the region now faces a long period of uncertainty. my hunch is, though, his own guy will win the election. he does have a lot of popular support. but he didn t, again, economically or politically, put this country on a long-term track that can be sustained. the economy is in a real mess with inflation, with extraordinarily high levels of debt. it s all based upon oil. so big question marks. and i still think the future of this part of the world is likely to look more like the more democratic market-oriented countries, the mexicos, brazils and chiles than it is like cuba or venezuela. that s the good news here. joe? you know, obviously, he s ....

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Detailed text transcripts for TV channel - MSNBC - 20130306:12:27:00

Reduced the outlook for the deficit by about $1.7 trillion. what s forgotten about is the budget control act of 2011, cutting expenditures by about $1 trillion over ten years. we obviously had the fiscal cliff, took $600 million of revenue into the equation. and now we have the sequester. that s 1.7. why is that meaningful? investors time horizon typically is between two and four years. those actions have moved the problem or kicked the can further down the road outside the investors time horizon. so people who are buying in the market today yeah. are thinking about what will the world look like in the next two to four years during the period of time i m invested in this activity? in that period of time, they re coming to the conclusion, based upon the last three actions, that we re within a reasonable expectation of, you know, fairly solid economic progress. joe, we have miles here along as well as robert gibbs. ....

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