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Said was there should be some minimum consumer protection in the exchanges that you propose. did i get that wrong? >> and there are in every state. and so what we're simply saying is, look, lots of us have offered lots of different ideas. we've got dozens of republican ideas offered in the house in bills, in the senate, and many of us look at the point of the fact that the states, you know, do we distrust our governors? do we distrust our state legislatures? do we distrust all of the state insurance -- okay, some of you may do that. >> depends on who it is. >> should we regulate all of this? s...

Federal programs but -- minor federal programs won't touch education, research, medicare, medicaid and social security. formation of a bipartisan commission will+4sñ propose ways to reduce the deficit. in other words this budget puts us as a country on the road to fiscal ruin. james born summed it up in terps -- here's what james clyburn told fox news. >> we are not going to save our way out of this resection. we've got to spend out of this recession. i think most economists know that >> sean: joining me with analysis author of the "new york times" number one bestseller catastrophe, dick morr...

Federal programs but -- minor federal programs won't touch education, research, medicare, medicaid and social security. formation of a bipartisan commission will+4sñ propose ways to reduce the deficit. in other words this budget puts us as a country on the road to fiscal ruin. james born summed it up in terps -- here's what james clyburn told fox news. >> we are not going to save our way out of this resection. we've got to spend out of this recession. i think most economists know that >> sean: joining me with analysis author of the "new york times" number one bestseller catastrophe, dick morr...

Is going to cause a lot more economic problems that we can handle. the housing market bouncing back as we can see. the job market. still talking millions of people out of jobs. >> sean: as the good news unemployment went down the more deceptive side there are far more people that are no longer counted including almost 600,000 this month off the rolls that we don't count any more. which makes the real unemployment number in this country 17%. michael brown, the president said he was going to fix that. it hadn't been fixed. you keep touting the success, what success? >> the term success is define...

Package. i'm not sure we have to discuss it more. what they said would happen, did not happen. >> greta: larry summers said last -- one of the president's chief economic advisers said in december the resection is over. we've heard the promise on the unemployment rate. of course the op-ed piece, welcome to the recovery. that seems like that's great news, welcome to the recovery. yet, the unemployment rate simply is grim. i think the reason why secretary geithner went out this morning said that was to warn us about the numbers coming out this week. >> most business people i talk to and investors...