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Detailed text transcripts for TV channel - MSNBC - 20120212:14:56:00

Gingrich spoke up. they ride the subway to their multiunit apartment buildings, like all the folks in the bronx that i grew up. i want to thank my guests to. congressman john sarbanes, congressman from maryland. zephyr, associate teacher of law at fordham university. jared bernstein, and errol louis, political anchor at new york 1 news. thank you all. great discussion today. thank you at home for joining us. we ll be back. this is big. this is very big. next saturday at our new team, 8:00 a.m. eastern on saturday. 8:00 a.m. eastern. we had a graphic made to commemorate. 8:00 a.m., we ll be joined by jeff greenfield, former correspondent for cbs news and awe author of the book, then everything changed. in the meantime, you can find us on twitter on up with chris. up next is alex witt. ....

Congressman Sarbanes , Newt Gingrich , Apartment Buildings , New York , Jared Bernstein , Errol Louis , Associate Teacher , Fordham University , Eastern On Saturday , Jeff Greenfield , Alex Witt , Cbs News , Up Next , The Book ,

Detailed text transcripts for TV channel - MSNBC - 20120212:14:18:00

And those cuts removed the uncertainty and voila, job creation came. implausible story but it is something you can say where you don t i thought it was interesting when mitt romney said something to the effect of look, if you think the economy is getting better, go with the president. and that s a dangerous now, look, one point about structural. here is just a statistic that backs up something zephyr said. i don t think people are quite aware of this yet. corporate profits took a hit in the downturn as you expect. not only had they climbed back but they are not only past their prior peak, most recent quarter, third quarter of last year for which we have data, corporate profits is a share of natural income or highest they have ever been on record going back to 1947 when the data began, and compensation as a share of national income and is the lowest it has been since the mid 1960s. structural problems are in place. we will talk to an activist working with the syrian oppo ....

Mitt Romney , Job Creation ,

Detailed text transcripts for TV channel - MSNBC - 20120212:13:20:00

To express their actual preference. the reason is that it is making it impossible for romney to simply just lock the race up and dry up the money from his opponents and the longer it plays out the longer there is an opportunity through these primary contests for a gop base that does not like mitt romney to tell the party establishment which wants to coalesce around mitt romney, between don t like mitt romney, we want another nominee. there is a bizarre consequence there. i think that s bizarre. and it is not the kind of thing that i i think we are going to get a lot of. the way this is going to evolve is precisely the way john and zephyr said. it links up to inequality issue. for years political scientists talked about this problem where if too much income gets concentrated at the top of the scale, you end up having a linkage between that kind of distortionary and inequality and excessive buying of the politics. so i think there is a linkage here between underlying economic ....

Mitt Romney , You Don T , Inequality Issue ,

Detailed text transcripts for TV channel - MSNBC - 20120212:14:14:00

P 300,000 plus? what s the story they will tell? they will say it is not enough. they will say that we didn t have to go through this terrible period the president made it worse, all that kind of stuff. the fact of the matter is that if the public feels that we are beginning to move in a sustainable way, in a positive direction, think i think that will be very critical to the election. and the judgments people make. one point is that during when things were really bad in the economy, one of the messages from the white house was that things could have been worse. and nobody really knows what to make of that. i think it is exactly parallel to the other side. they say, well, things should be better. no, what people recognize is either things are getting better or getting worse, they are getting better. zephyr, you looked at the political economy how finance works and things like that. and i what s interesting to me is as we think about recovery, right, and detroit is a per ....

White House ,

CNNW Your Money November 13, 2011



freelander and assistant managing editor at time. stephen, let s start with you. we know europe s debt crisis has a very direct impact on the u.s. economy. with europe s future still uncertain, how much influence do americans, does congress and president obama have on what s really happening around the world right now. not so much. look, a lot of people probably wondering how can a small country like greece and a bigger country like italy throw the entire globally economy into this turmoil. i think the answer to that is it s the first domino to fall. there s a real threat, you kind of get a contagion effect, if italy falls we re now seeing their interest rates rise on their bonds. this will affect other countries like portugal and spain and maybe france and germany. that s where the interconnection comes in. the united states, the banking system here is very interconnected with what s happening in europe. let s explore the contagion for a minute with chrystia. if ....

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