so were you surprised by anything that bernanke you said yesterday. well actually i was. pretty amazed at the lack of any real questions he had asked i had to answer excuse me. there was nothing asked of him that was even remotely important there are a lot of questions i wanted to ask but one thing that bernanke he did a lot of in his press conference yesterday was use the word crisis i don't i think accounted for five times used were crisis and what i wanted to have someone ask was what what role that he felt the federal reserve had in creating the supposed price what do you think he would have said that well it would have been the same office cation that we saw that in two thousand and seven was the kind of economic your bonnet we don't know and a lot of what the fed has said since then is that no one could have seen what was coming it was an impossible thing to have seen this crisis take place but the the answer to the question about the crisis is one i've been looking for for the last three years adam because you may remember that the reason we had a supposed crisis w

well i think that's the point that is there i decided to make ben bernanke he is printing money it's q e two perhaps q e three coming out all the money is going into either equities or commodities driving up the price of food and thus causing more and more people to have to rely on food stamps. in america well put. but now speaking of the fed the following headline fed's biggest foreign bank bailout saved us muni bonds a european bank that received the most federal reserve discount window help during the financial crisis also took three hundred eighty one billion dollars in aid from its home countries and owned subsidiaries implicated in a bid rigging that prosecutors say defrauded u.s. taxpayers so this is a dexia bank based in brussels and paris and it borrowed as much as thirty seven billion dollars from the fed with an average daily loan amount of twelve point three billion and eighteen months after lehman brothers holdings collapsed they made this into a film it would be triple x. rated because what you've got here are banks inserting collateralized debt obligations the various

dollar that this is bernanke is contribution to society. because that's. what this is the bailout what you call this is the classic this is talk of the monetary closely let's look at something that zero hedge found a correlation that might or not might not prove mark father's assertion ninety one point three percent correlation between food stamp usage and s.m.p. or how wealth effect equals poverty effect so you see the white line in this chart that's food stamp usage the increase in the united states since two thousand and nine and the yellow line is the s. and p. . oh yeah well that's right there's a correlation there because they are creating an artificial rally in stocks that will result in a huge catastrophic twenty to thirty percent collapse in one day as it does every six or seven or eight years and of course that makes the insiders fabulously wealthy because they make those negative bets like goldman sachs does on their own clients meanwhile they want to as money in the stock market believe that they're buying something of value they get wiped out

all eyes will be on ben bernanke tomorrow. that's when the federal reserve chief will give his first-ever press conference. and tom, this will be the start of regular briefings between bernanke and the media. >> tom: first one, susie, in an unprecedented move, bernanke will talk to reporters shortly after the fed releases its statement on monetary policy. he can expect questions about inflation and when the fed is going to pull the plug on its bond-buying program that has pumped billions of dollars into the economy. >> susie: and as darren gersh reports, bernanke is trying to improve the fed's communication at a crucial time for the economy and the central bank. >> reporter: its popularity sagging and under fierce attack by critics, the federal reserve has good reason to up its p.r. game. donald kohn says his former colleagues at the fed are probably feeling a bit misunderstood. kohn should know. he retired last fall after 40 years at the fed, leaving his job as vice chairman shortly before the central bank began its $600 bill

mr bernanke he is a murderer he's a murderer middle of the. class and the working class because the point of expanding credit as he did was to try to revive the housing bubble the housing prices keep going down but now we see bubbles and food and energy so not only did people live in housing that's going negative equity they're paying more for food and energy and the result is basically economic financial death people are now homeless the middle classes of this are rated because bernanke is a fool well you know his previous test for alan greenspan in one thousand nine hundred sixty six speaking of quotes max had this to say in the absence of the gold standard there is no way to protect savings from confiscation through inflation deficit spending is simply a scheme for the confiscation of wealth and this is exactly what we've seen they act as if it's charity at the low rates are there to help the working class and the middle class to get onto the property ladder to be able to afford these assets but you see from europe all the way to the united

but i think the market certainly took away that bernanke did a great job. whether the public believes that will, remains to be seen. >> tom: we'll know in three months when there's another one. darren gersth, joining us from washington. >> susie: joining us now for more analysis on that historic press conference and what ben bernanke and the fed are doing to fix the economy, david kelly, chief market strategist at j.p. morgan funds, and joe davis, chief economist at vanguard. thanks both of you for joining us tonight. >> glad to be here. >> thank you. >> susie: let me ask both of you. did you learn anything new out of this press conference? any new information that will impact the decisions that you're make going the economy? joe, you first. >> not really. what the forecast at the finish released today was very close to the forecast we've had internal alley, with respect to growth, core inflation and a gradual reduction in the unemployment rate. so from that standpoint nothing dramatic or material changes. >> susie: david? >> our view on the economy is quit

property and are made homeless but it also applies of course in the united states mark fall for mr bernanke he is a murderer of the middle class yes that's true marx robber is correct how did he do it by lowering interest rates artificially down to near zero anyone who's on a retirement pension plan except or has any kind of savings got liked out to help the bankers that was a quid pro quo that bernanke a made of the bankers i'll murder the middle class you give me huge bonus money and kudo's and let me keep this ridiculous really stupid job chairman of the federal counterfeiting bank well mark probert quote is if you print money everything will go up and now the money printing doesn't go into housing because we have an oversupply of housing but it goes into equities and from mr bernanke he unfortunately into commodities and this is lifting the cost of living of the median household and the typical household in the us mr bernanke he is a murderer he's a murderer of the middle class and the working. class it's a sad joke because the point of expanding credit as he did was to try to revive th

bernanke face that same concern today? is there anything that could affect the condition of the market already? guest: of course, and that is a major concern. the word deciding that what mr. bernanke said could cause some volatility and gyrations. that may only be at every generation in the market. yration inrary gener the market. the but they did not want that to happen in the first place. chairman bernanke has had a lot of practice over his five years in office, in judging what the effects of his comments would be, and knowing what to say and what not to say. so not to cause on wanted turbulence. he learned his lesson early on in his tenure with a gaffe that he had. host: how is he prepared for something like this? any indication about how he is doing that? guest: i would not be surprised if he were being prepared by his staff with whatever questions that ought reporters would ask and maybe a mock press conference, things like that. host: he joins us from bloomberg news, reporting on the federal reserve and the economy.

wall street rallied on bernanke's remarks about the economy. the dow jones industrial average gained 95 points to close just below 12,691. the nasdaq rose 22 points to close near 2,870. more now about the fed's policy and presentation, from joseph stiglitz is a nobel-prize winning economist and professor at columbia university business school. and matthew slaughter, who served on the council of economic advisors under george w. bush. he's now associate dean at the tuck school of business at dartmouth. matthew slaughter, since this was so unusual i'll reverse the normal newshour approach and reduce appearances first. why is bernanke doing a press conference and who do you see him speaking to? >> i think the chairman connected to the press conference for two reasons. one is historically if you look at his academic work a lot of research had shown the value of transparency for central banks and the second is in the wake of the financial crisis and the ongoing sluggish recovery, i think he feel it is need to try to speak to different audiences that

bernanke has a very different style. yes, he's a former professor at princeton but he's pretty plain-spoken. even about arcain subjects he speaks in ways that the average american does not find intimidating. 60 minutes did a piece on him and i think this is an attempt by him to sort of unwind the mystery. >> the day after his press conference came news that the economy was growing at a slower pace than people expected. what kind of sense did we come away from in terms of what the real condition of the economy is? >> he dressed -- addressed that saying the g.d.p. growth was 1%. he cast that as a transitory, short-term thing afemplet doctor affected by weather and other factors that might not persist very long but the fed has down grade its forecast for economic growth from close to 4 to close to 3. but he did talk about how the economy is on strong enough footing that as the fed fulfills both parts of its mandate, controlling inflation but also encouraging growth, it looks as if the bias has switched to watching inflation

there's a first time for everything and today is that day for the federal reserve this is chairman ben bernanke he needs the press so what's behind this and why now after nearly one hundred years of near such. as definitely a refutation. of some sort of work and. so fastest growing economy and. history of the world so mark your calendar for twenty sixteen because that's when the i.m.f. predicts the world's fastest growing economy will surpass the united states so is the free market folly. to be really. really. really it could be used influential these people are not influential yet somehow they made time magazine's list of the most influential people in the world so what exactly is the definition that influential. it's wednesday april twenty seventh five pm in washington d.c. and christine for is out there watching our team and our top story today musical chairs and multiple changes in terms of who heads some of this country's most powerful institutions president barack obama is expected to announce a major change this week all right so we've known for quite some time that secretary of defense

all in all, a convincing performance from bernanke. perhaps because he has special coaching before the conference. >> good news for the idaho industry, volkswagen shares have rallied after they posted a record first quarter. they said demand from emerging markets will boost sales and earnings for the rest of the year. >> volkswagen plants are working at full capacity. many of their suppliers are short of supplies following the disaster in japan, but not falls flat again. they are producing more vehicles than ever before. -- but not volkswagen. they are up on sales than in any previous quarter. revenues rose to 37.5 billion euros. profits rose to letter 43%. the hopes to a clips' toyota. -- profits rose to 243%. they hope to eclipse toyota. >> let's get a closer look at the market numbers in frankfurt. the benchmark closed at 7404. the blue chips added 3/4 of a percent higher. the dow jones closed higher at 12,690. german consumers remained upbeat even though rising prices are causing caution. the market research group consumer confiden

bernanke to that? guest: first of all, the fed usually defers questions about the dollar to treasury as a source of u.s. dollar policy, so if he is asked if he supports a strong dollar or not, he would probably prefer that to secretary geithner. on the other hand, looking at the dollar as an economic indicator, that there are two main sides to it, that a weaker dollar can actually improve the prospects of u.s. exporters by making their goods cheaper overseas. >> we take you live to the news conference with fed chairman ben bernanke. >> good afternoon. welcome. in my opening remarks, i would like to briefly review today's policy decisions, then turn to the federal market committee's quarterly economic projections, also being released today. i will place today's policy decision in the context of the projections and the federal reserve statutory mandate to foster maximum employment and price stability. then i would be glad to take your questions. my goal will be to reflect the consensus of the committee w

so i try to reserve chairman ben bernanke he held a press conference and it was the first of its kind since the fed was founded in one thousand thirteen and supposedly it was the first of what will be for annual news gatherings so did the earth rattled or the winds blow did the world change well not quite as usual dry till morning he said a whole lot of not much it q.e. to work yes but it didn't fix all the problems will they do it again you know because they don't want to become a larger concern although the rising gas and food cry. we're seeing now are just transitory and there's nothing of the fed can do about those and then unemployment yeah that's still a problem too so why is the fed suddenly opened up to the people and will it really make any difference to you and me to discuss this from our studio in los angeles is nomi prins senior fellow at demos and author of her latest book it takes the pillage behind the bonuses bailouts and backroom deals from washington to wall street and we thank so much for joining us tonight now what did you think of this first ever press conference

collapse and soon i mean i think if you look at the charts the dollar is weak and look at look at ben bernanke used press conference yesterday where he you know advocates any responsibility for inflation for rising prices he thinks it will prices or other commodity prices are rising it has nothing to do with all the money that he's printing and so that means he's just going to keep on friday more and you know the economy is actually you know we can look you know we've got that weak g.d.p. number see we got a big jump in enough unemployment claims so the employment landscape is getting worse what's going to happen when real estate prices make new lows which is coming soon we get a new downturn more people are going to employed and. energy prices keep rising food prices keep rising what's offend you to do i mean the fed is putting itself in a box we're eventually inflation is going to be so bad if they're going to have to raise interest rates so substantially i could tackle it but they're going to completely destroy the economy but if if if that choice is to do better for the fed if instead they

. >>> on the "cbs moneywatch," fed chief ben bernanke speaks. and the iphone gets a new color. ashley morrison is here in new york with the latest on all of that. good morning, ashley. >> good morning to you, betty. a mixed day for the markets in asia. tokyo's nikkei jumped over 1.5%. while hong kong's hang seng dropped a fraction. and oil hit $113 a barrel. its highest level in three years. >>> today, wall street gets the latest reports on gdp and housing, as well as the weekly jobless claim numbers. on wednesday, stocks finished higher. the dow jumped 95 points. the while the nasdaq gained 22. >>> fed chair ben bernanke says he expects a moderate economic recovery to continue through this year. bernanke spoke yesterday at the first of three scheduled news conferences. a first for the fed. bernanke says the unemployment rate will fall slowly, and the central bank confirmed its plans to complete its $600 billion bond buyback program designed to lower interest rates in june. >>> today, chrysler is expected to announce a deal to repay more than $7 billion in government loans. chr

there's a first time for everything and today's that same for the federal reserve this as chairman ben bernanke he needs the press so what's behind that and why now after nearly one hundred years of near silence. chinese buffet leader refutation of yours you were. making some good work and. some fastest growing economy and. in the history of the world. all right so mark your calendar for twenty sixteen because that's when the i.m.f. predicts the world's fastest growing economy will surpass the united states so is the free market calling. as wednesday april twenty seventh four pm in washington d.c. and christine friends out there watching our team. well our top story today musical chairs and multiple changes in terms of who has some of the country's most powerful institutions. president barack obama is expected to announce the major changes this week he's known for quite some time that secretary of defense robert gates will be leaving turns out his replacement the most likely the leon panetta currently the director of the central intelligence agency now in terms of who will fill his position loo

bernanke acknowledged a lot of people are having a tough time. before the news conference, after a two-day meeting, the fed's policy-setting committee said it will complete its $600 billion bond buying program in june and plans to keep interest rates low for an extended period of time. all of that led the three majors to 2011 highs with the nasdaq closing at a ten-year high. the russell 2000 index of smaller kxs closed at an all-time high. strong earnings also helped with boeing, whirlpool and wellpoint moving higher. starbucks fell after warning rising fuel and dairy costs will hurt earnings. elsewhere a class action lawsuit has been filed against sony over the hacking of the playstation network accusing the company of failing to adequately protect customer data. and finally technology meets tradition. an israeli phone company trying to tap into the ultra orthodox jewish market has come up with a kosher smartphone with hasidic folk music ring tones and menu in yiddish. >>> who is sent packing and who moves on in both the nba and the stanley cup

never before has the chairman of the fed held a news conference like ben bernanke did today. we'll have ben bernanke offers cluse when the med would mark the interest rates. it is the first time that a chairman has begun to hold regular sessions with reporters. bernanke said they plan to stay the course and hold about rates to record lows for an extended period. >> it is conditioned on resource slack . on subdecewed inflation and staple inflation expectation and when those conditions are violated and removing away. that will be the time we need to tighten. >> bernanke said higher gas prices are one cause of increasing location. he didn't think they will continue to rise at the same pace. >> the dow gains 95 points . the nasdaq reached a 10 year high best closing number since december 2000. billionaire warren buffet said the number two man violated policy by buying stock. ebay is off to a good start. first quarter profits are off to 20 percent . the company predicted the second quarter would be better and chevron will not report its profits until friday b

chairman bernanke described it essentially as a temporary aberration. and i go think that's the most likely explanation. but i don't think it's the only possible explanation. and so i think the odds that, in fact, we are in something more serious are really uncomfortably high right now. and bernanke talked about the weather. he talked about various one-time factors. and all those were factors. but the fact is that recoveries from financial crises are slow. they're uneven. they can often be ended or knocked aside by very minor things. and so i do think there's real serious reason to worry right now about the state of the economy. >> rose: what's necessary to lesson the worry? >> what's necessary to get numbers back up? >> well, part of the answer is patience. carmen reinhard and ken-- have done this wonderful historical study of financial crises. i'm sure you are familiar with it. >> indeed. >> and they find that on average unemployment rises for six years after the start of a crisis. so our cries kiss they define as starting in 2007, the summer when we

the structural problems underneath it all and sooner or later ben bernanke these things are. metaphorically that paper won't be able to prevent the dam from collapsing. we can't keep plugging the holes we need to either do something about the pressure behind the dam or rebuild the dam back to where it was before reaganomics started drilling these holes into it. the fed can't do that stuff it can only mess with the minutes money supply to fix the structural problems to address why the dam is cracking to begin with and how we can go about building a new stronger dam congress needs to stop they need to start helping people on main street and try to relieve some of the pressure on our dam help people stay in their homes for example you know rather than throwing money to the gangsters when the when the mortgage meltdown happened why didn't they give money to to homeowners it would have been this is what franklin roosevelt did back in the thirty's he created because most people had five year mortgages back in the thirty's and they were blowing up and so that's why i would create a

ben bernanke says the labor market improved but the u.s. needs more job creation. >> higher gas prices add to inflation, on the other hand by draining purchasing power higher gas prices are bad for the recovery. >> he believes the surge in gas and food prices is only tempry. temporary. >>> ben bernanke's comments boosted the stock market today. several of the major indexes hit levels they haven't seen in years. dow gained 95 points. nasdaq up 22 points. labor department has more evidence the economy is getting better. the unemployment rate fell last month in 303 of the nation's largest cities or metro areas. the jobless rate went up in 43 cities. it didn't change in 26 others. nationwide unemployment rate is 8.8%. that is down a pull percentage point since november. >>> marine county as one of the richest counties in the nation. it is the richest in the state and the fourth richest in the county. thecome more than $89,000. san mateo ranked second. nationally loving texas ranked number one, $151,000 per capita. new york third. >>> a homicide

bernanke says the economy is in recovery. >> looking ahead, committee participants expect a moderate recovery to continue through 2011 with some acceleration of growth projected through 2012 and 2013. >> while the nation is experiencing new stability, bernanke acknowledged the high price of gas could cause problems for business growth and hardship for some americans. the live press conferences will happen four times a year. they're intended to help the public understand the rationale behind the fed's policy decisions. >>> threats to national lawmakers, including nancy pelosi, are at an all-time high. fbi records show that elected officials in washington receive more threats of violence in 2010 than in any other year of record. the surge coincides with the heated partisan arguments over health care reformat the end of last year. then in are nojanuary, gabby gi was shot in a tucson parking lot. 19 people were shot, six died when a lone gunman opened fire on the crowd. by the way, giffords left her hospital in texas today and is now in florida. she will watch her husband blast off in th

bernanke says the fed plans to keep interest rates at record lows for an extended period. >>> apple ceo steve jobs is denying that the iphone tracks its user's movement and then stores the information in a file. in an interview with the wall street journal jobs says, quote, we get consent from users if we are going to use location, or we don't use location. as for the file, apple says it helps the phone figure out where it is. the company says it is working on a fix so the data isn't stored for more than seven days. >>> an east bay ice cream shop had ice cream for a deep scoops event. they stood in line for scoops at baskin-robbins. it was part of a nationwide effort to raise money for the national fallen firefighters foundation. it was worth the wait. >> cookies and cream for a good cause. you can't beat that. >> at a good price too. >>> well, wooy have a string of beautifulful -- beautiful days coming along. >> sandhya patel is here with the forecast. >> you will need the ice cream. it is getting warm in the inland areas. temperatures on the comfortable side. we have 50s, antioch 61 d

and as americans worry about jobs and gas prices, federal reserve chairman ben bernanke goes before the cameras. >> there's not much that the federal reserve can do about gas prices. after all, the fed can't create more oil. gwen: covering the week, mark mazzetti of the new york "times", tom gjelten of npr, karen tumulty of "the

the federal reserve chairman took questions from the media so let's tell you what the wise men then bernanke he said about the future of the u.s. economy and then a shakeup in the obama national security team the cia the pentagon are getting new leaders so how will these changes affect u.s. wars taking place in the middle east and north africa then berger's de vocht again president obama surprised everyone this morning when he released his long form birth certificate but should he have kate for the birth or crowd or will they simply move on to the next eerie and then does the crime fit the punishment oklahoma lawmakers passed a bill that would mandate up to a life sentence for anyone convicted of converting marijuana and hashish later in the show but first let's move on to our top story. so a federal reserve chairman ben bernanke he held a press conference and it was the first of its kind since the fed was founded in one thousand thirteen and supposedly it was the first of what will be for annual news gatherings so did the earth rattled or the winds blow did the world change well not quite a

ben bernanke said he's trying to make the operations of the central bank more transparent. senior business correspondent anthony mason was there. >> reporter: it was that rare press conference that makes news even before it happens. striding formally into a conference room at the federal reserve, the chairman settled behind a desk to face about 60 reporters, all issued assigned seats. can you talk a little bit about your decision to take this historic step of holding a news conference after a fed meeting? >> it used to be that the mystique of central banking was all about not letting anybody know what you were doing. >> reporter: but bernanke has pushed the federal reserve to be more open. during the financial crisis, he became the first sitting fed chairman to be interviewed for "60 minutes." >> the pace of improvement is still quite slow, and we are digging ourselves out of a very, very deep hole. >> reporter: bernanke said the economy slowed sharply in the first quarter, and the g.d.p., which will be formally announced tomorrow, is likely to come in under 2%. the fed cha

interest rates to see the housing bubble this is when the gold and silver vigilantes understood that ben bernanke and greenspan were not operating in the interest of the greater economic good but only in the very narrow interest of the top one tenth of one percent in the united states who by the way they just got another huge tax cut they just got another huge wealth increase and the divide between the top one tenth of one percent in the bottom ninety nine percent has got an even wider well if gold is the new u.s. c.d.s. insurance against the u.s.

. >>> federal reserve chairman ben bernanke agrees. at the first press conference in the history of the central bank, he said the economic recovery is picking up again. bernanke also said that the risk of inflation is low. and that the spike in gas prices, thankfully, will be short-term. we'll see if he's right. >>> also, fresh evidence that the recent gains in hiring are widespread. new numbers show unemployment rates fell in 317 cities last month, compared to a year ago. that's the most cities since the recession ended officially in june of 2009. >>> well, bernanke's comments and the improving outlook for the u.s. economy are now lifting most overseas markets this morning. tokyo's nikkei average jumped 1.6% today. hong kong's hang seng is lower. and in london, the ftse opened higher. on wall street, the dow climbed 95 points yesterday. and the nasdaq gained 22 points. >>> well, if you've been holding out for the white iphone, today's your day. the device goes on sale after nearly a year of delays. it was introduced at the same time t

. >>> ben bernanke said he expects a moderate economic recovery this year. >> 8.8%, the unemployment rate is elevated relative to that level and progress seems likely to be slow. >> he offered clues when the freddual raise interest rates. they won't increase till after the feds meet 2 more times. >>> stocks closed higher today in response to ben bernanke economic forecast. the dow rose 96 points. nasdaq gained 22. >> pretty nice weekend. 80 this weekend. and next week maybe 90s. right now in santa rosa 65. clear. the winds will pick up tonight. with the winds we will see gusts maybe to 25, 30 miles per hour. tonight high clouds and breezy. tomorrow, cooler and breezy. today upper 60s. tomorrow mid-60s. from there the temperatures go up. right into the weekend with low 80s. good weather in the forecast. tree pollens are coming up, weeds and grasses are up around. seattle, portland is getting rain and snow. this does look like a spring time jet stream pattern. tomorrow partly cloudy and breezy. another one of these weak weather systems. no rain. but a few clouds. that generates winds o

gates has already said he is going to leave this year. >>> federal reserve chairman ben bernanke made history today. >> we are in a moderate recovery. we will be looking very carefully first to see if that recovery is indeed sustainable as we believe it is. and we will also be looking very closely at the labor market. >> during the fed's first ever news conference ben bernanke said the economy is steadily making its way to a recovery and a rise in inflation because of higher food and energy prices is only temporary. he also predicted the nation's unemployment rate will fall to between 6.8 and 7.2% by the year 2013. while it wasn't a glowing report, it is giving ben bernanke a chance to drive the debate about fed policy. today's news conference was the first of three scheduled this year. >>> well then there was the real big news in washington today. the stunning development that the president of the united states was born right here in the united states. until now that is something 25% of americans simply were not willing to believe. and that number jumps to 45% if you pull only regist

with these mammoth short sales are financed with the artificially cheap interest rates thanks to ben bernanke and tim geithner that's why interest rates are so cheap to create jobs you don't give a fig about your fricken job is to help j.p. morgan keep things cheap artificially low so they can pay themselves big frickin christmas bonuses at your expense but the game is up and so here's my prediction stacey herbert remember enron for a week after week after week people said this company's an eight billion dollar company they're geniuses they're the smartest guys in the room and then one day somebody said. enron it's nothing but a big shell game and the stock collapsed in a day the zero eighty billion wiped out in a day. j.p. morgan is one hundred thirty six billion dollars shell game once this is totally exposed that stock's going to zero in one day mark my word if you are trying to sell j.p. morgan stock naked short until your hands leave forced the sucker down put terrorism out of business put jamie time in the men's room doing you know fluff jobs for the executives for two cents a crack tha

hundred points today sighs from three years ironically on the same day federal reserve chairman ben bernanke he gives his assessment of the economy so is there good news on the horizon and in tonight's daily take the nation of turkey is experiencing some economic woes right out how bankers are planning to crash the turkish economy. and there currency there to boost their own faults. and i were going to try something different with a mid-week were on the list time i'm the lone liberal voted to i was all of america's best conservative commentators on some of the biggest stories of the week joining me tonight jamie weinstein deputy editor of the daily caller dot com and david hogan washington correspondent at investor's business daily right ok welcome to you both let's get started overmatched probably misleading the american people really only have a choice between president obama's budget and the republican budget the answer actually is no on sunday nobel prize winning economist paul krugman used his op ed to endorse the progressive budget plan this is from the in the house progressive caucus