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Bernanke, he understands there's bad unemployment, he's an amazing man. he doesn't get credit wrfrb. >> what about the credit. you heard lindsey graham saying he sees a grand bargain in the future. he's putting the revenues of the republicans on the future. >> the psychology has been all wrong. build a bunker is not how you change the psychology of a troubled economy. two things, let the republicans pulling him right toward spending cuts because that's the policy solution they need. and i'll give him credit, he's read the clnten handbook and tried to triangulate, and the more he heat he takes ...

He's got a heart, too. bernanke is an amazing man. he does not get enough credit. >> what about the budget, mike murphy? is that a piece of it as well? you heard lindsey graham say he sees a grand bargain in our future. he's putting revenues on the table. how much of an effect does that have on the economy? >> i think jim's right. the psychology has been all wrong. the message of build a bunker is not how you change the psychology of a troubled economy. two things, i think. let the republicans keep pulling him right to spending cuts because that's the policy solution the country needs and i'll...

Holding all of this up, including people's tax cuts it defend millionaires, that's all we have to say. >> and the democrats all agree that the bush tax cuts were the-- were good for the economy. that's had an amazing concussion that you're making-- >> and you're making -- let me finish here. the argument you sit here and the public ser receives you to be defending rich people against everybody else. >> you're making an argument because if we go off the cliff, we're returning to clinton tax rates and basically what the democrats are saying, no, no, they weren't good enough we actually like the ...

Including people's tax cuts it defend millionaires, that's all we have to say. >> and the democrats all agree that the bush tax cuts were the-- were good for the economy. that's had an amazing concussion that you're making-- >> and you're making -- let me finish here. the argument you sit here and the public ser receives you to be defending rich people against everybody else. >> you're making an argument w cliff, we're returning to clinton tax rates and basically what the democrats are saying, no, no, they weren't good enough we actually like the bush tax cuts and we want to keep some. >> what...

firms say one thing and do another. we're watching the story for you and will have more details as the details come in. the rest of the day's top stories, right to brooke baldwin with an update on headlines. >> welcome back from the beach. good to see you. good morning, everyone. about 700,000 people waking up to another day without power. look at the map. you see 11 states and talk about the nation's capital. it has been six days since powerful storms fueled by extreme heat zapped trees and knocked down power lines and take a look at this picture. this is washington's massive power ...