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>> chuck todd with the depressing message that the solution may be rescheduling this mess for six weeks down the road. i want to bring in "time" magazine's mike grun wald, the new new deal, now out in paperback. mike, i want to start with your book. sort of the central these sis is that the obama presidency and stimulus act was transformational than it's being given credit for. are republicans undermining the progress with their hamstringing of the obama presidency, under mining the progress that you saw made in the first term? >> remember in the book i described how even before obama took off...

Washington which is very rare. to be fair, it's -- we can't judge it at this point. if it was designed for companies to go public to be able to sell stock and raise money, it takes a year for a company to have an ipo. we would be seeing it in the upcoming months. >> to jumpstart up business act, the ability to tell whether it works or not? >> yes, exactly. it's kind of like obamacare. they said you'll find about it after we do it. it's kind of what happened here. the only difference that both sides have a stake in this. it's near an election and they had to do something. >> gregg: what about $...

Consider the record of the direct predecessor, they passed the stimulus act, the affordable care act, the dodd frank act, the don't ask, don't tell. they agreed to the 2010 tax deal, which agreed in return for the tax passage of the middle class stimulus. the laws passed were controversial, particularly among republicans, but also they were big, bold initiatives if not always fully equal to work with our problems, they perched on congress's edge to deliver solution. you can love them or hate them but they did their job. no congress in recent history has a record of productivity anywhere near w...

Thank god. it was not a moment too soonment to properly appreciate just how bad the 112th congress was, consider the record of the direct predecessor, they passed the stimulus act, the affordable care act, the dodd frank act, the don't ask, don't tell. they agreed to the 2010 tax deal, which agreed in return for the tax passage of the middle class stimulus. the laws passed were controversial, particularly among republicans, but also they were big, bold initiatives if not always fully equal to work with our problems, they perched on congress's edge to deliver solution. you can love them or hate...

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