Transcripts For MSNBC Morning Joe 20131009

Concerned about the rays. You know what they do with that money down there, you have to give them credit. The red sox, last place last season. Now, here they are in the alcs, they host the game one on saturday fenway, theyll be favorites. They go back to the world series. Detroit and the as and that series has been unbelievable. The as, man, talk about money ball. All good for baseball. All good for baby. This is good for baseball. You know, agser newburg. Whether we want to know, obviously, that was great. By 07, you know what, we were starting to become what we always claimed we always hated. Seriously. We paid a lot of people a lot of money. We won the world series. Its kind of hard to be selfrighteous against the yankees. Right. But this team, everybody is really excited about this team, theyre a bunch they are low key guys that nobody expect everybody expected to be them in 3rd, 4th, 5th place. They were a middle of the pack team at best. I remember talking at spring training, ah, you know, we were 500 they fell a little abefore 500. They have been awesome. They got that idiate back. 2004. They had the borders, kind of strange. Yes, it is like walk. Yes, it is like washington. These guys, theyre not exactly no names. Man, they are stars. A lot of these guys are i dont know how they do it. At this point you can say that jim cramer is here, host of cnbcs mad money. Hes maed. From the huffingtop post, sam steinman. So we will get to the Government Shutdown to where everything stands at this point. The president gave a little yesterday. A little flexible. No, i dont think so. They started weeping. If were going to go there, eactually. He did say, ill give you a couple weeks extension to physical out h figure out how to save yourself. They can figure out how to save themselves. He came to him back in july and offered to pass a clean government funding resolution. No obama care amendments. They were 70 billion below what the senate wanted. Theyve accepted it. Now, youve reneged on this offer. There were several conversations. Several. You wanted a clean resolution. I and my members decided that the threat of obama care and what was happening was so important it was time for us to take a stand. Did you bleeping hear that . Can we stop having the conversation about it . Oh, they had a deal, but, obama carry. We didded to take a stand. Look, you think obama care is a big enough threat to this country that you need the shut down the government over it . Fine. Own it. Dont fart and point at the dog. [ laughter ]. Like i said, it was a little coarse. I think it makes the point. You all are laughing. What do you want . How true is it john meacham . All true. Im going to the first ladys lunch. Im a republican. Im going to put a lot more hair spray in and fawning all over you. I dont think that was necessary. I dont understand, why does she heat first ladies in. He was making fun of my jacket. I never wear a jacket. I know, i look like a republican. You do. We got the lincoln dinner tonight. Yes, darling. I gotcha. Its not an echo. What down the president is trying to give the republicans an offramp . Trying to make something happen in that long event the ought day. I think somebodys got to do something to move them off the dime and i think if the president is going to do that, thats why we are. Yesterday the president called the house speak tore reiterate he will not negotiate with republicans until the debt ceilingis raised. Both spoke in the afternoon. Here we go. The American People do not get to demand a ransom for doing their job. You dont get a chance to call your bank and say im not going to pay my motherinlaw unless you throw in a new car and axbook. Imagine if they promised for gun background checks or Immigration Reform. I think its fair to say republicans would not think that was appropriate. We cant make extortion a democracy. Democracy doesnt function this way. To all the American People, i apologize you have to go through this stuff every three months it seems like. Lord knows, im tired of it. The long and short of it is, there is going to a negotiation here. At times leak this, the American People expect their leadtories sit down and have a conversation. I want that conversation for now. The president said today was if there is Unconditional Surrender by republicans, hell sit down and talk to us. Thats not the way our government works. Meanwhile, the house has passed a bill that would make sure government workers are paid on time instead of after the shutdown. The bill also creates a bipartisan negotiating team between the house and the is thatt to work on the debt limit. Democrats have rejected another socalled Super Committee. Democrats in the senate are also moving forward with a clone debt ceiling increase. They are looking up to shore up republican support to bypass a filibuster. The bill would raise the debt ceiling through 2014. Jim cramer, you know, hearing some logers claim that we can have a defall. Its not really a default, america would be just fine if we didnt pass a debt krielig increase. Its just not true. I know, there is a lot of people sad this morning. Senator johnson that representative joe barton that says we have enough money. We dont have enough money. Why do we do these auctions . We dont have enough pin mon. We to have to raise money. There will be a recession in two to six months. Why do they say it then . Because you can prioritize if you want to and pay Social Security and the debt and have enough min to do that, pay some of medicare. There will be several, i dont know, maybe 100 billion that cant be paid beginning say the second week of november. These are just, its aright met tick. October 17th seems like a drop dead date. Its a goal post move. In a golden stance, you cant score. Sam stein,let bring in sam. So, basically, the reporting we are hearing yesterday is that republicans may be opened to a temporary raising of the debt creel figure the president negotiates with them. What would republicans be looking for and since the president hasnt showed a lot of willingness to goekt negotiate then, why would he be willing to do it during that period . For the president , it comes down to can you get an agreement . Thats his precondition. He soemd opened to a shortterm deal. John boehner came out and said thats Unconditional Surrender for republicans. Im not sure how close heads are on negotiating to negotiate. If they were to make it no that place, where they were sitting down and talking and we didnt have the threat of the default looming over our heads and the government was reopened. The negotiations are somewhat there. Paul ryan for the wall street journal when she talked about how theoretically republicans can give in on sequestration cuts for some sort of entitlement reform. Paul ryan was immediately attacked by the Senate Conservative fund for not going over obama care. Democrats would not like the component. Those are the relatively small type dole that could taik take place him none of that will happen unless you get some sort of relief from the threat of default an a Government Shutdown. Okay. And then, of course, sam yes, a question. You did. Sam, id like to show that. Can we do that . So this is its all right. Were proud. Sam stein. Mr. President , when Speaker Boehner so far unwilling to hold a vote on a clean cr, what assurances can you give those affected by a shutdown concerned by a longer impassee and how worried are you personally that your clean sequestration levels may do harm to the nations economy . Well, i mean, sam, you are making an important point. You are making an important point. Worry asking you were reading the question. Who reads the question in did mike wallace . Sam donaldson. Sam i thought you were going to criticize me for my tie or something. I didnt think it was going to be the reading of the question. You dont rode questions, do you . I didnt have a lot to read off my note pad. Why do you think, john meacham . Rookie. From fdr forward, i think. Ill try better next time. Sorry. Now he said its a good question. Its important. The staff wrote it, but, i mean, sam, im joking, come on. Let move on. There has been one piece of common wisdom that i think deserves looking at, which is that we have never had minorities controlling the government before, that the majority has always been in control. That was implicit in president s argument yesterday. Its not introduce. Southern democrats control the congress for a great chunk of the 20th century, stopping various civil rights ledges laegs that they didnt want to have happen, representing the minority view. Because they master the procedural mechanics. We have been here before and even when there were adjudicated Public Opinion had ripened to a certain course of action, there were senators who could stop action. And so this is a part of the madisonian model here and its something that there are no Structural Reforms that can i think of. I had a guy come out with me yesterday and say, oh, this is ful illegal. Madison would say, if the house of representatives is doing something that goes against the majority of americans, guess what theyre up for election every two years. Exactly. And it will be corrected at the ballot box in 2014. What would hamilton say . You have to pay no matter what . The president backed away from the 14th amendment, we will have a recession in two to sex months. Great word out from j. P. Morgan talking exactly how long it takes to have a recession, two to six months, very reasonable to expect we have massive layoffs if this is true. If this continues, j. P. Morgan, who, the guy has been the most right about it, we could be in a recession within two months. Yes. By the way, jamie doirnlgsd he used to like the president. No, im saying, this is a company for conspiracy theorists for the writeup, this is wall street, no, this is a company run by agy that used to like the president , has very little right now to be honest. I dont disagree. Theyre saying if this continues, mika, a recession in two months, possibly. We have some problems right now that are direct results of the controversies. This is horrible. The bodies of four soldiers who made the ultimate sacrifice in avg will arrive at Dover Air Force base and the family of sergeant hawkens and the others will have to pay for their own way to delaware. And pay out of their own pockets for their funerals. Thats because the pentagon said its unable to pay out debt betts benefits because of a shutdown. That means any servicemen member killed sense october 1st will not receive the automatic 100,000 usually paid to families within 36 hours of a death for found ral costs. Its an crash that has led to outrage on both side of the aisle. Its shameful and embefore a rasing. America could fail the families of our fallen heros. Appalling, frightening. I dont care who it is or how its shaped, lets sit down and get out of this so that these family whose loved ones just died, just died will receive the benefits at least will give them some comfort and solace in this terrible hour of tragedy. The house is scheduled to vote on a billed to to restore the payment, but. Thats as low as it gets. Pass it clone. The update to that story, there is a foundation out of maryland called fisher house, it says it will pick up the tab now. Because this is a great country, better than the people that represent them in washington. Group has stepped up and will pay for the advance grants, the flights for the families, hotels and other incidentals. It is beinging picked up by the government. Wow. A couple other stories to get to. Chris chris tow locks to lock up a second term as government of the garden state. Last night, he met his challenger, state senator barra buono. The two spoke on a number of issues, including christies president ial aspirations. People have been talking about me running for president in 2010. They said i was doing it in 2012. I said i wouldnt and i didnt. After 20, 17, i will be looking for a new job anyway. I will in the declare for you or anybody else. It doesnt matter whether you are running for president. It matters how you are running. I can walk and chew gum and do the job. I can dell with the future. A recent quinnipiac poll had chris tow leading 64 to 30 . That was pretty clear. Pretty clear. Isnt it interesting, sam stein, that most politicians will hedge, im not going to do it. They will do a dont am, a dont am, undont am. He was basically saying, you know what im going to do, im going to run for president while im governor of new jersey. I can do both. Whats it to you . He nearly had the ball there, can i walk and chew gurnlgs which is an ad mix he is running. I like the candid inside i gechlts i think its overstated how people react to politicians with greater ambitions. I think voters get that. Chris christie has been blunt throughout his term. I think people appreciate that as well. I think he has this in the balg. 46 to 30. Im not a mathemetician. Doesnt he lock great . Hes lost a lot weight. He and coach ryan if a foot race. Yeah, whatever race theyre in. But wall street is going to be behind this guy. Christy, wall street loves christie. He is firm, he understands how to create jobs. People feel he has the pulse of the country. I think hes going to, yeah, what does the House Republican caucus make . I dont think they matter in the lowest. I think actually Chris Christie is going to be even more popular with the Business Community, not just on wroet, but from wroet to, you know the west coast. Because hes tre angulated, just lick clinton did against the liberal house democrats. It just makes him, its just going to make him stronger. Really, in his outsider status has never locked better than it is right now. He doesnt have to be asked. He will bring it up on the campaign trail. Taking shots at walk. Thats me, not them sample joe, add to that the fact that everyone, a lot of republicans in washington traditionally pro business republicans are questioning the significance of default. They are embracing the notion of a Government Shutdown. I cant imagine that wall street sources, people in the community, republicans will be thrilled with having to get behind a washington, d. C. Republican. So theyre looking for someone like chris chris tow to emerge within the party. We are seeing such a dwoid yesterday, bobby jindal governor, we governors that control 60 of the governors mansions, worry getting things done and were getting things done working with democrats. Worry balancing budgets. Worry growing economies. Here doing everything that Washington Republicans are not doing. It really is, you lock at some of these republican governors, the really god job theyre doing. It is a tale of two parties here. Voters like that. Its not hard. In ohio, Chris Christie and new jersey. Baefk amy, embracing the oil ref lougs. Jindal making more jobs in texas. One story, in a few hours president obama will nominate janet yellin, she will be the first woman ever to lead the central bank. She is currently the feds vice chair woman and was a key architect to keep Interest Rates 94 record lows, yellin would replace Ben Kline Bernanke whose term ends in january. Opposition is starting to take shape. Republican senator from tennessee bob corker said in a statement, i voted against vice chairman yellins original nomination. We will closely examine her records since that time, but i am not aware of anything that demonstrates her views have changed. So bob corker, as we all know around this table, is a rational guy. Under peyton manning. Oh, that, to. But hes a very rational guy. Whats he talking about . I think this is a shame, i think corker is really the conscious of the senate. The same way we used to spoke about joe clark. Howard baker, actually. People spoke of howard baker that way. What is he talking about here . The dovish policy is buying bonds. How pressures was Ben Kline Bernanke when he said they werent going to taper off bond buying, he may have to pass a dent ceiling resolution the chinese who own 1. 3 trillion said yesterday, listen, very vocal t. Chinese are never vocal. They said, listen, we are ready to stop. Yellin supports that position. Id like to know whether senator corker understands. I think hes a perfect goichlt at this very moment, somebody has to boy these bonds when the chinese and japanese start teleselling. What is yellin . She is a middle of the read, consensus builder. She was involved with the Federal Reserve during 1995 during the last shutdown. She is a person regarded as an experienced hen. Its kind of amazing when you think about we talk so much about elective politics. When you think of voerk, grown span, b voelker, greenspan, bernanke. Up next, jim vandahy joins us with the politico playbook. And heres bill kierans with a check of the im scared. After yesterday. Oh, boy. Hes still here. Its amazing. Do you believe they didnt fire him after yesterday . A suspended sentence. The punishment was being forced to come back again. Oh. Thats good. There you go. What do you got . Unfortunately for the east coast, we sen a beautiful fall so many great days. Now we have the storm coming up the coast. We will get fourks five days in a row of rain, wind, glomy weather, probably maybe until tuesday of next woke. Let me take you into it show you this storm, this is combined with Tropical Storm karen. It feels like a Tropical Storm on the outer banks t. Rain is moving northward into virginia beach, later no washington, d. C. This will occur over the next five days. The high to the north will protect northern new england. From new england southward to the outer banks, we will have this flow off the ocean day after day. In the middle of the country, you are great, look at washington, d. C. , this takes us out through saturday and sunday. Thats the worst fiveday forecast in the midatlantic for two or three months. You are watching morning joe on this wednesday. Lyrics take on me. take me home. ill be gone. in a day or. man twooooooooooooooooo is that me, was i singing . Vo not paying for scheduled maintenance feels pretty good. Nocharge scheduled maintenance now on every new volkswagen. Thats the power of german engineering they always have. They always will. Thats why you take charge of your future. Your retirement. Ameriprise advisors can help you like theyve helped millions of others. Listening, planning, working one on one. To help you retire your way. With confidence. Thats what Ameriprise Financial does. Thats what they can do with you. Ameriprise financial. More within reach. Oh, thats great. Did i ever tell you the time your father talked to David Mcintosh and okay. Never mind. Before your time. How are you doing . Do you locate your dad . Do you like your dad . Gutsy. Most of the time. Did you have a food time in new york . Thanks for coming. We now have to talk to twrour your dad. Wed rather talk to you. Thanks, cutie. Lock at that, james, jr. So cute it doesnt get any better tan that. All mom. You bought the to tell mom. Hes awesome. Lock at him strutting out. All right, lets take a look at the morning papers. We will start with the pawing post, more than 200 poem were arrested yesterday at an immigration rally 94 capitol hill, including at least 81 member osf congress. John lewis, cart wrang el. Louis go out res, they are calling for a reform bill that includes a path to citizenship. An undercover detective will be in court in connection with the road rage episode caught on camera in new york city. This is unbelievable. Nbc new york confirmed new video showing that there was actually one of the undercover officers punching the suv and shattering its rear window. The ten84 veteran of the nypd is charged with rioting and criminal mischoevgs that cops are doing that . Thats unbelievable. I think that explains why the others arent coming for. Some furloughed government workers are back to work at the cdc after 94ly 300 cases of salmonella were reported over 17 states. Federal officials saty outbreak may have originated at the foster farms chicken plant. No recalls have been issued. Switzerland will hold a vote to grant an unconditional income of 2,800 a month for every adult living in the country. It comes after ork noisers collect 94ly 100,000 signatures t. Group behind it calls it a financial safety net and says it will be partially financed through the countrys social ens. Wow. Okay. L. A. Times, a former school in california is charged with embezzleing 1. 8 million from the realto unified school district. She was filmed on under surveillance stuffing lunch money into her bra. She got 1. 8 million. She is suspected of stealing money over the course of eight years as much as 3. 16 million may be missing from the direct. Thats a lot of money. Thats a big bra. That is a big bra. Wow. Okay. All right, well, still trying to digest that. New york daily news, Long Distance swimmer dont na nyad began her women in new york. She is swimming a 44 marathon in mi midtown manhattan. Last month, she became the first person to swim to cuba in a shark cage. Shows so col. What happened that day . Let me tell you, so, there is this horrible story written about me. Early fall. A leaker. I am actually going to talk to his son. Did he ever apologize for that . This feels like a good time. He never apologized, just like al sharp torngs you thought he was going to apaleyes, he never did. I brought you from ob skurpty . Role call. Yeah, thank you so much for that. Jim, arent you glad you came up to new york . Its on, man. Thats pretty col. Call your wife this morning . Not yet. She will be jacquied. I will be like dad of the month. All right, jim. Bring your kid to work in new york. Your lead story on the site this morning. John bohners end game. You talk about how hes slowly, modestly, winning favor with hard loin conservatives in his own caucus. I think thats the darnedest things now, all the conservatives who dont like him or trust him are the ones singing his praises, because hes taking this hard len approach. I simply do not believe he will allow default to happen. I think he is saying the things that hes saying balls he knows at the end of the day, hes going to have to lift the debt limit. This is a guy who has a business background who gets a ton of money from business, i cannot imagine that hes going to allow it to happen. In private, he keeps telling people, i got your back, i got a plan. Nobody believes him he has a plan. Theyre just hoping some kind of idea materializes between now and catastrophe that gives him a plan to be had. There is not ap obvious on obvi there, folks. We have seen this a million times. There is a community that talks to republicans and democrats, its like a jedi mind trick, you will not allow the government to default. They go out and make a dome. It hams time and time again. Well the only thing thats different, i think the Republican Party is much more responsive, now they are much more responsive to the grass roots. I dont care, john boehner does. If jaemtd jaemd diamond says, listen, you can vote against it. Put a clean up or down vote on the floor. John bohner is not going to say no to. He keeps saying he will no to that. I think sadly its a solution, lets give it another month and come up with a grand bargain. There is no grand bargain to be had. A grand bargain was last december when you didnt have the tax increase kicking in. Remember, there were going to be tax increases no matter what. There was leverage to accept tax enkrosses to get the entitlement reform. Republicans will fight raise taxes to get tax reform. They wont raise defense funds held in sequestration. So there is not a grand bargain to be had. I think in john bohners dreams. Jim, there is a consequence of. This people at home might be screw wall street. Thats fine. Wall street our business. Its about credit. If you like winning elections, you got to worry about people that run the American Economy f. They figure out that its more economically stable to support democrats running the house, they will pile money in democrats districts and it will make a district. This does make a difference at the end of the day on whether republicans hold onto the house or whether they win the senate, whether they when the white house. Who gets credit . Big Rich International companies gets credit. Small and midsize businesses. Somehow this has become jamie diamonds issue. I wish target should say something. Small business should be saying something. The fact that its not mane stream is ridiculous. The poem that get hurt are never the ibms, goggle doesnt get hurt, apple doesnt get hurt. Those Companies Collectively have trillions of dollars. Its the little dpoi who cant get enventory for christmas. Hats who goes under. Why cant the president eblgs plain that better. You were talking about the debt donters being bloggers. There is a lot of member was are now going on record saying, no, this is all media hype. Its not going to be that bad. We can stack our payments in a logical way. Lets do Social Security and the debt t. Rest of the stuff, we can hold off. We can hold off . What are we going to hold off, on medicare . What are we going to hold off on . 60 billion goes out, 60 billion comes in. What do we do . Maybe we pay army, not navy, how about air pors . So these debt donters, the math is 60 goes out. Why do we borrow . Why do we take this money from the chinese and japanese . Because we cant fund it ourselves. What happened in known 60 in the United States said if you dont pull out of the suez canal, we will still your sterling. What happened to the United Kingdom . What happened to pound sterling . This is how we afford the debt. Were the reserve currency. You take that away, what are they doing jack up of rates . Companies have to borrow in this country. Not companies that can borrow in ireland and borrow in u. K. And germany and france. You are a little drug store, let me call them back . Its the Small Business owners that get hurt. They dont get howard. Its always jamie died. Hemodo fi hell do fine. Okay. We got him mad there thank you, jim. And jim, jr. And jim, jr. He is adorable. He is a good man. A year after finishing in last place in the a. L. East, the Boston Red Sox are back in the alcs. Well show you their game four against the rays, sports is next. [ villain ] well mr. Baldwin. It appears our journey has come to a delightful end. Then i better use the capital one purchase eraser to redeem my venture miles for this trip. Purchase eraser . Its the easy way to erase any recent travel expense. I just pick a charge, like my flight with a few taps, its taken care of. Impressive baldwin. Does it work for hotels . Absolutely thank goodness. Mrs. Villain and i are planning our. You scare me. And i like it. Lets go whats in your wallet . Mike allen spotted, soccer prodigy james vavendehy gets fist pump and top of the politico playbook. Are you reading . Wow, thats huge. I retweeted. With that, do you like your dad . What kind of question . Thats hard hitting journalism. I thought you asked tough questions yesterday. Man, thats a good one. He was adorable. Red soxrays game four, tied game, 7th inning, Shane Victorino for the sox at the plate with a man on 3rd. Victorino broken back, long run for escobar, he has to throw. Out of time. The red sox have taken the load. Single infield, still has it, still love playing philly. I love the way el berry gets to 3rd. There was a passed bauchl he went from 1st to 3rd on that. Then scored. He made that happen. The last out of the game. Boston wins 31. They move into the alcs a year after finishing in last place. They will now play four games away from the world series a major story. It is a major story. It is a team you like to watch. Guys who love to play. They wont play for nothing. You feel like they would. Compare that to 250 million of super stars they played last 84. These guys are playing well. A bunch of kids, ped royia, its a fun team. Theyll play either the as or the tigers. Game four of the alds in detroit, oakland up 30 in the 5th. Oakland johnny peralta. Peralta hits it to left field. Its going back, on the track, leaps. Its gone a. Three run home run ties the game for the tigers with one swing of the bat. That was about six inches of being caught over the wall, ties the game. 33. Detroits victor martinez, solo home run to right field. Check this out, martinez seems le like he got help from the fans. Game tied at 4. Tigers take a 11 lead later in the inning. A pivotal moment, a bases loaded jam with no outs, 39,000 hometown fans looking on. Heres how it unfolded. A swing and a miss and a near strikeout for scherzer. He leans it to 2nd, on the run, hell get there. Scherzer is out of a jam. Wow, bases loaded, no outs. They come back and when is this series, watch out. Watch out for detroit. Tigers when 86. They have a game five on thursday back in oakland. They try out justin berlander. So the right to play the sox. Steve cole joins us for a must read opinion pages. Well be right back. A live look at capitol hill. Stop it. We are reading some of the dumber tweets of the morning. There is one great one. Okay. This is from len da lee. She said i hopepy very republican mom is watching. Morning, mika, in saint john wear. She would be very welcome at the country club. Linda, it looks like saint john wear. Okay. Here with us now, the dean of Columbia University school of journalism. I got my mug and staff writer of the new yorker steve cole, it was wonderful to speak at jays school yesterday. Thank you so much for having us. You lit them up. Did you see them women in len to talk to mika . They encircled lou wis . I was like playing jacks. They were having both of us. Really appreciate it. Lewis . You were great. Louis was a beg hit. You made a big impression on people. It is. Quite a message. Lets get to the must reads. I picked this one. This is actually a letter to the editor. Tell me, if anyone at this table disagrees with this. Sam stein in washington as well. The Affordable Care act, ratified by duly elected representatives of the American People, signed into law by our now twiceelected president , and upheld by the Supreme Court is now the law of the land. Yet, they want to kill this statute by whatever means necessary. The Government Shutdown and their conspirators reflects a contempt for our democratic process and constitutes a complete ab rogation of their responsibility to support and defend the constitution. You asked. I will answer. I disagree with every part of it. The madisonian answer to this is vote out f. Everybody announces a representative, vote them out. Thats what madison would say. Vote it out. Yeah, i mean, we can disagree about whether this should be happening. And whether this president should be set. Its not. There is a precedent. Really . Yeah the southern Democratic Caucus 20th century stops civil rights legislation. 30 years. This has happened before. Let me ask you, here is a question a lot of democrats are asking, republicans will ask it another time. How does a journalist take an issue like this and not engage in false equivalency and say, well, on the one hand this, on the other what do you teach your students . Zp. I think you have to look below the surface of the news and that takes you past the false equivalency of the news of the day t. Madison yan proposition, how do we account for redistricting as a source in the house caucus, i think in the last election a million more votes were cast for the house than republicans, we still have a solid majority. Thats a result of the census and the republican control of the safehouses led to safer districts. The Senate Caucus in the south during the Civil Rights Era was the function of the role of the senate. The fact that you could bring two senators out of every state. We sut up the equivalent of those safe zones for the Republican Party. They have. Do you think, therefore, its unconstitutional for them to do it . No, i think its a part of the structure of the crisis that we have, that this sort of system is not responsive to the popular vote that raises questions about whether we got a redistricting system, a census system working in the way the cons stougs was designed . What do you think before we go . Because we got such Great Questions from students last night. What do you think as you spent many years as a working journalist yourself and you have written books and won pulitzers. Unlike meacham, he didnt have anybody taking a picture. That didnt happen in steve coles house, thats true. What do you think the bigger challenges are going to be for them . I think louis signaled it. You are working in newsrooms. You have to have lots of skills. Have you to be able to use a camera, use social media, do all of that reporting deeply and thinking critically about these complicated subjects. Its a lot to ask of a 27yearold to learn multiple skills and how to think and report at the same time. Hold on, alex had a question. You want to ask that on the air . Are you talking about Louis Bergdorf . I think the Pulitzer Committee wants their prize back. Oh, oh. So for people not listening, phil griffin will say lou who we make fun of is the future of news. Louis will go out, film it, do the interview. He will edit it. He will write it. I mean. Thats what you got to sort of be a oneman band now, whereas before, you know, when you were growing up in the business. There were layers of protection, editorial. Two cameramen, all the guys. They all collaborated. It benefits not just the business, it benefits you, on top of that, you can write. If you can write your own stuff and shoot it and put it together yourself, you are more valuable than five people to do that from a business point of view, looking at it cynically, its easy to have one person to do that. Steve cole, good luck launching these people no the world of journalism. Come back with you can. Still ahead, we will talk to an emmy award actress, sela ward, helping parents teaching their kids how to manage money. And in a few minutes, Walter Isaacson joins the table. More morning joe when we come back. Las known definitely for its traffic, congestion, for the smog. But there are a lot of people that do ride the bus. And now that the buses are running on natural gas, they dont throw out as much pollution into the air. So i feel good. I feel like im doing my part to help out the environment. Ito guard their manhood with trnew depend shields and guards. The discreet protection thats just for guys. Now, its your turn. Get my Training Tips at guardyourmanhood. Com [ sneezes ] [ male announcer ] you may be an allergy muddler. Try zyrtec® for powerful allergy relief. And zyrtec® is different than claritin® because it starts working faster on the first day you take it. Zyrtec®. Love the air. [ sneezes ] afghanistan in 2009. On the u. S. S. Saratoga in 1982. [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation because it offers a superior level of protection and because usaas commitment to serve current and former military members and their families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it means to serve. Coming up next, chuck todd will join us, sam stein the proper way to ask the president a question. Oh, wow. I cant read . No. I mean its a faux pas. Walter isaacson is here as well as msnbcs alex wagner. If we want to improve our schools. What should we invest in . Maybe New Buildings . What about updated equipment . They can help, but recent research shows. Nothing transforms schools like investing in advanced teacher education. Lets build a strong foundation. Lets invest in our teachers so they can inspire our students. Lets solve this. If yand youre talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. This is humira, adalimumab. This is humira working to help relieve my pain. This is humira helping me through the twists and turns. This is humira helping to protect my joints from further damage. Doctors have been prescribing humira for over ten years. Humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. For many adults, humira is proven to help relieve pain and stop further joint damage. Humira can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. Blood, liver and nervous system problems, serious allergic reactions, and new or worsening Heart Failure have occurred. Before starting humira , your doctor should test you for tb. Ask your doctor if you live in or have been to a region where certain fungal infections are common. Tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. You should not start humira if you have any kind of infection. Ask your doctor if humira can work for you. This is humira at work. Okay, who helps you focus on your recovery . Yo, yo, yo. Aflac. Wow. [ under his breath ] that was horrible. Pays you cash when youre sick or hurt . [ japanese accent ] aflac. Love it. [ under his breath ] hate it. Helps you focus on getting back to normal . [ as a Southern Belle ] aflac. [ as a cowboy ] aflac. [ sassily ] aflac. Uh huh. [ under his breath ] i am so fired. Youre on in 5, duck. [ male announcer ] when youre sick or hurt, aflac pays you cash. Find out more at aflac. Com. Were 30 trillion in the hole, plus another 17 trillion in debt. Wouldnt it be smart if we started addressing that problem before we blankly give an increase in the level of credit ard . Actually, what we should do, we should cut this credit card up, which is what im going to do, because thats the way i vote. I think its time we quit borrowing money actually, i think i will tear it up. Its time we quit borrowing money against the future of our kids. Its time we quit mortgageing their future. You know, hes a great law maker, womanly geist, in my opinion. As far as the props go. No edward says soreshands. I see the scissors going out. I know its going to end badly. Cut up. Get it straight down or cut up. Welcome back to morning joe. Joining us now, the president of the aspen instit e institute. Tear it up. The host of msnbcs now, adam wagner and sam stein. We like sam. Following up, some republicans, my party is saying, we can evolve. In fact the wall street journal has a story written about this. You know what, if Budget Office seles you actually, if you dont increase it, you may have money for a week or two, then we will not be able to fund say more than 70 of our government. So, great, you will not get veteran benefits, no Social Security payments, people will stop getting medicare checks. This is badly. Cramer said it, there is a date, november the 1st. Its a friday. It comes up, we will owe 30 to 50 billion on Social Security payments, Civil Service retirees. There is a big bill that comes due. We dont have the money to pay it. I always blamed liberals accused liberals of being debt deniers. Really, you say republicans dont like skievenlts liberal economists dont like math. I have always gone after recruitment, now, some republicans, walter, that are debt deniers. Theyre in paul crudmans campaign. Oh, wow. Seriously, theyre denying simple path. To be clear, are you not supposed to question the full credit of the United States, whether its late october or november 1st, you dont want to be playing games like that. The problem is we sort of tried a lot. Everybody said the sequester would be the end of the world. It wasnt the end of the world. Everybody said the shutdown would be the end of the world. Its bad the shutdown is not the end of the world, people are still getting nobel prizes. Thats a good thing. Worry discovering the hedge particle, all the things that really matter. But the default on the debt, that is a beg dole. The default is a big thing. Alex, this article talks about the United States getting scolded. The chinese, as cramer said, usually kind of quiet about these things. Dope stick their noses out publicly too far, they said, you guys got to get yourself together. They own dlb 2 trillion of debt t. President was saying, is this helping china in is this a good thing for america on the global stage . I think this is happening for two reasons, one, people like ted yoho who are recklessly ignorant saying in my veterinarian business, we dealt with it there. The United States is not a veterinary business. The more insidious master plan, some people in the fractious raucous caucus in the house won like to see the government fall apart and sort of piecemeal put it back together. That way this Government Shutdown worked really well for them. I will say what has worked well for them, mika, president obama i think made a horrible miscal claegs. He basically said planes will fall out of the sky, old people are going to like suffer, kids are going to be starving in the streets and they kept whipping up a frenzy. It never came. Same thing with the Government Shutdown, some people are suffering, really suffering, but most voters arent going to experience that suffering. Its a tricky balance. But you did get, like you said, though, talk about defaulting on our debt. Guess what, the International Markets are going to reverberate with that impact. It will end up hurting Small Business owners and People Living on main street. You know, he probably should have said, okay, this is surreal and Social Security checks will stop coming out, things like. That because whenry sort of piecemeal stitch it together, make people say maybe we can muddle through on these things. You made a good point about china. China never medments in the internal affairs of other countries. It is a part of her to dna. Now theyre do iing. We want to go to chuck todd. There is a lot of confusion about the debt ceiling. A brandnew National Journal poll believe 62 believe, they are increasing the amount of money borrowed for future expenditures. Just 28 said it was to pay off debts we already accumulated. 47 said its essential the debt limit be raised to avoid a financial crisis. 39 said the country can go past the deadline without major financial problems and as far as who Americans Trust more in the debt ceiling debate, less than 40 says congressional republicans. Is chuck here yet . Yes, he is. Chuck, those numbers are still really close. If im at the white house, again, i cant, im just talking about the political realities here. There are no moral equivalency. If im inside the white house, im a republican president , lets say, and a Democratic Congress is doing this, and my numbers are that close to the Democratic Congress and i know all those Democratic Congressmen acting in a rational way will get reeleblged. Im sitting inside the white house going, pan, they can stick at this longer than i can. This has to be concerning for people inside the white house. These snipers. Well, it depends if you have the experience they had in 2011. It depends if you had the experience they had in 2012. I think they view it as if this were an isolation, joe, this was the first time they were having a confrontation, i think the political reaction you are assuming the white house would have would be probably the reaction theyd be having. Because of theres experience, because theyre not running for reelection so there is a little bit of freedom in their own, that they feel in this, they dont feel the pressure. I keep reminding folks the biggest difference between 2011 and bill clinton in 95, reelection was staring obama in the face in 2011. Clinton in the face in 95, at the end of the day, that was a motivating factor to maybe give more on their positions than they wanted to give at that time. This is why this one is different. If this goes on two or three weeks the republicans Approval Rating goes down to 3 , lets say the president s goes down to 35 , is he going to be fine with that, sit there and be cool and fine what w that . Given george w. Bush territory . I think they feel they will lose the race to the bottom in that scenario, that the republicans will hit bottom before they hit bottom, before they feel they have to cry uncle. So, no, i think thats their mindset here is that theyre not going to lose faith, the publics faith as fast as republicans are and i think youve seen the polling play out that way. I have a question, you talked a little about this yesterday, in terms of the legislative toolbox the republicans i think have been pretty shrewd in constantly fuvending these funding bills, now there is a committee to talk about a resolution herewhile that may be political theater or legitimately rounded in the desire to goerkts it appears they are being quote unquote reasonable t. Democrats in the senate have not used any of those mechanisms to further their talking points. Do you think we reap a point where they are going to the legislative toolbox on the part of the Senate Democrats . It will be interesting to do that. They will try to recruit a dozen republicans so its a bipartisan show of force or does he force the one year clean cr. It ends up being a vote i think there is a chance you will see that. You want to talk about kubuki theater, yesterday, rhetorically, it looked like an awful day in the standoff t. President beating up the republicans. Boehner calling what i think is a fairly reasonable compromised proposal here the idea of a six to eight week delay that everything is clean. Bohner called that Unconditional Surrender, you are thinking, oh, boy, this is never going to en. Paul ryan in an ohed today talking about look at all the stuff we agree on, entitlements, things like that. You got them talking about these weird legislative ideas. The fact is, bohner is trying to move the House Republicans away from health care. That is a significant shift that tells you he is trying to find a way out of this. Does he get will . Do the house conservatives ae lou it . Does aaron eric sorn allow it . Does he light himself on fire . I dont know. But i think theyre moving. Did ted cruz say this was about obama care . It used to be. Thats so joe, thats so last week. Im so couldnt fuconfused. Paul ryans oped piece, obama care doesnt appear in it at all. It is a pathway out for both sides. And, by the way, paul ryan thought this was a stupid idea. Here we go, by the way, charles this was a stupid idea. Scott walker thought this was a stupid idea. Exactly, Chris Christie thought it was a stupid idea. Basically the future leaders of the Republican Party thought this was a stupid idea. 2016, i germany tee you all of these people engaging in sound and furry situation fifying nothing, they will be eclipsed be i the Chris Christies and the scott walkers and the john casics and the republican governors out there, the bobbyin dams, the people talking about the stupid when of the Republican Party bobby jindals, the people talking about the stupid wing of the Republican Party. Its a calculated move, this is a first for a guy whose career is centering around the budget the core of all this. He has been silent. The timing is good. He has been smart. What is interesting about that oped at the end he says this is not a grand bargain. He knows the phrase grand bargain has been so sold. Both sides are not willing to take up that mantle again. Do you think president obama will invite him over, maybe for tea . At this point id like to see president obama invite anybody over for a breath of fresh air. Sam, Speaker Boehner knows there is not going to be a grand bargain by october 17th. Thats not going to happen. The president hasnt shown willingness to move. What happens at midnight on october 16th with the debt ceiling looming, what does john bohner do . Does he walk away with nothing after all this fight hes put up in. Thats the 100 million question. The convention ams with dom was that he would buckle under the pressure. That was there, the convention wasnt prior to a Government Shutdown. If you look at it from obamas perspective, john boehner earlier said we have an agreement on a clean cr. Then i realized obama care was an existential threat. So i added it on. Shouldnt we go back to the clean cr they proposal agreed to . Thats where the white house is. Bohner has a tough path here. Walter made the good point in paul ryans oped, obama care wasnt mentioned. You know who else made that point . Ted cruzs communication, on twitter this morning. Even if they go towards this paul roin path. Wait, tell us what is communication they said there is a word missing from paul ryans oped. It begins with the letter o and ends with bama care. A rhino. Clearly is a rhino. Boehner has to balance that portion of his party. So does Mitch Mcconnell, frankly, when they examine any of this stuff. Chuck, how does it go down . It looks like the ted cruz faction is going to be standing in front of a steaming train, political train going straight for them. Because republicans are going to go back to what republicans should worry about, debt and jobs and this political gimmick to raise money and raise names will be washed aside. We will get back to business, number one, debt and jobs. Well, i think what we will see is i think what boehner is trying to come up with, he still doesnt want to pass anything thats clean, but theyre trying to come up. You saw yesterday they floated the idea of forcing Super Committee 2 on us, superman 2 wasnt a great sequel. I doubt superman 2 committee will be. The fact is, theyre trying to come up with they call it a sidecar approach, but something that will be passed with it, you could feel that bohner is floating different ideas in the next four or five days, you got to feel he will come up with something. It will be processing, what he does is force the negotiation t. Question, though, is, how does the conservative grass roots group, heritage action, erick erickson, how do they hand him this when it happens, is it a you got eric eric zorn railing against ron johnson, upset he has been railing ted cruz on a specific issue. How does this play itself out . Does Mitch Mcconnell become a pin ata . You see the incumbents if 2014, revenge of the grass roots, us that by a will feel the republican elites dropped the ball on health care. I think thats the unknown here. Chuck todd, thank you so much. Walter, alex, stay with us if you can. Still ahead, he was there for the last budget standoff in 1995, congressman mark Sanford Jones us straight ahead. Also, former white house official melly barnes will be here. Up next, members of the Senate Republican committee, pat toomey joins us. You are watching morning joe. Well be right back. Evto earn degrees in mathan stand science. Ut but more than half leave their programs. So were missing out on 450,000 math and science graduates annually. But if we can help students prepare for these subjects well have a stronger workforce for our fastestgrowing industries. Lets invest in our future. Join exxonmobil in advancing math and science education. Lets solve this. Welcome back to morning joe. A live look at capitol hill, blue skies in washington. Here with us now from capitol hill, republican senator from pennsylvania senator pat toomey. Senator, god to have you on the show this morning. Good morning, guys. Its nice to be back with you. So whats the best way to end this thing without raising the debt krolling, with or without defaulting, how do we do that . First of all, there is zero chance the u. S. Will default on its dent its unfortunate, people have not completed this idea of this debt ceiling without defaulting on our debt. We bring in tax ref few 12 times as much money to pay our interest on our debt. There is no way any treasury secretary or administration would willfully choose to have the catastrophic defaults occur when its not necessary. So this is pretty well understood in financial circles. You see treasury provides have barely moved. I have legislation that would codify and formalize the obligation to make sure under no circumstances we would default on our debt. Interestingly, the white house threatened to veto it precisely because they want to be able to hold the specter of a catastrophe in front of republicans to tell us and intimidate us into giving the president what he wants, which is a whole lot of additional Borrowing Authority with no reforms whatsoever. I think thats irresponsible. I cant agree with you, joe is coming to set. Alex, you want to join us . I think before we talk about the white house cowing anyone, i would like to get your lobbies to collapse to the u. S. It seems and sounds like there are a lot of people in the senate, not just the ted yohos. I use my time on television to say ted yoho. Richard burr, people who are not rowdy members of congress, are not speak income terms, and suggesting its not all that bad. I havent heard any of my republican colleagues to suggest it may be okay to default on our debt. What is totally unacceptable is for the president to think he should be the first president in modern times not to have to address our overspending problem thats causing the need for all this debt in the first place, Ronald Reagan addressed it, george bush did, bill clinton repeatedly, george w. Bush. This is a part of the process of getting spending under control, solve, our deficit problem and this president thinks it shouldnt apply to him. He refuses to negotiate and wants more Borrowing Authority after hes added more debt to our Balance Sheet than any other property. Arent these the levels republicans wanted months ago . I think hes negotiating. What would you say to the argument that republicans are trying to relitigate the Health Care Bill instead of address the fiscal issues, accepting health care is a huge driver in all this . You all are pushing something that has been passed that has been litigated to the Supreme Court. Well, first of all, no action of Congress Finds future congresss. To think a bill passes and forever thereafter we have to find it immunable. Could we acknowledge there are maybe some flaws . How about the medical device tax . 79 senators voted to repeal it, including twothirds of all democratic senators. Thats not controversy i think that could frankly be one of the ways out of this mess. I never thought we would completely defund obama care. We cant even address some of the flagrant flaws . I think thats unreasonable. The senate, now that you said you will defund obama care, what did you think of the paul rain oped piece in the wall street journald . Did you sign on to Something Like that. I didnt have a chance to read it. If paul ryan wrote it, i will read it. I am locking period to it. Lock, i think we should be very flexible. We have been about what measures we take to get spending under control, get these deficits under control. I have suggested among other things, we could lock at the modest reforms the president has put in his own budget in professor years t. White house is saying, no, we will mot have any such negotiation until you give us the Borrowing Authority and spending authority, then well have a conversation. That will load nowhere. The president is giving the sigh len treatment. It could be a break through to break the deadlock, both sides should agree to reforms in the entitlement programs and tax code. This isnt a grand bargain, for that, we need a rethinking for governments approach of helping the most vulnerable and a comploet rethinking of governments approach to health care. This is our moment. So, pat toomey, if a deal puts forth the ideas you and i have been talking about ten, 15 years. Right. Its not going to defund obama care. It may not delay obama care. If we can get common sense entitlement reforms and tax reforms, isnt that a big win for the republicans . Especially when we keep the funding at our levels . Well, remember, the funding, this isnt a massive concession on the part of the democrats t. Funding levels have been signed into law two years ago. Look, i agree with your central premise, what year trying to do is get on a sustainable fiscal path. The big entitlement programs are clearly the structural programs. I have been spending years trying to find a way to get somebody on the other pseudoto work with us on this. I think anywhere we can start and make real progress, it would be real important. Senator pat toomey, thank you so much. Walter isaacson, thank you as well. Alex wachner, whole see you at noon on msnbcs now. The question is you have to have some really great guests. Joe, i have a question, i want you to address, do you think when paul ryan wrote that piece today he floated it by speaker boner, it was more coordinated . I dont think it was coordinated by john boehner, they have shoulder to shoulder. So he knew about this piece, probably . If you had wrint and were a budget chair, would you have written it in. Things are a lot crazier today. Paul ryan, im sure he talked to the speaker about this. Im sure the speaker would love anyway out possible. And this really goes to our republican brand, which is, lets worry about the debt. Let worry about the entitlement crisis, lets save Social Security. Lets save Social Security. Thats our wheelhouse, thats how we win election, not by shutting down the go. And not by possibly causing a default. So i think its great for the Republican Party. Still ahead, theyre working lon hours without pay. Were not talking about the federal workers. The debate over why the ncaa refuses to Pay College Athletes . Well talk to the film makers in a new documentary straight ahead. Well be right back. At a ford dealer with a little q and a for fiona. Tell me fiona, whos having a big tire event . Your ford dealer. Who has 11 major brands to choose from . Your ford dealer. Whos offering a rebate . Your ford dealer. Who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires . Your ford dealer. Im beginning to sense a pattern. Get up to 140 in mailin rebates when you buy four select tires with the Ford Service Credit card. Whered you get that sweater vest . Your ford dealer. You may be muddling through allergies. Try zyrtecd®. Powerful relief of nasal congestion and other allergy symptoms all in one pill. Zyrtecd®. At the pharmacy counter. And other allergy symptoms all in one pill. Make my mark i wawith pride. Ork. Create moments of value. Build character through quality. And earn the right to be called a classic. The lands end no iron dress shirt. Starting at 49 dollars. 80s an emmy award actress and alumnist sela ward. We will be talking to the makers of a new documentary that tackles that topic, the president of the Nfl Players Association, Dominique Foxworth and director andrew muscada when we come back on morning joe. Helicopthierhis hibuzzing, andk engine humming. Sfx birds chirping sfx birds chirping hall we do is go out to dinner. . Thats it . I mean, he picks up the tab every time, which is great. What . Hes using you. He probably has a Citi Thankyou card and gets 2x the points at restaurants. So hes just racking up points with me. Some people. Ugh no, ive got it. The Citi Thankyou preferred card. Now earn 2x the points on dining out and entertainment, with no annual fee. To apply, go to citi. Com thankyoucards t t t were not gonna give up what we love. And when the pounds still come off. Well be like, whoa weight watchers. Because it works. Join for free. [ hudson ] hurry, offer ends october 19th. Ng out of pipe. Sfx birds chirping. Its a scheme to keep kids quiet. Schools the price of College Sports the big business of College Football an basketball, joining us now, one of the producers, the president of the Nfl Players Association the films director, Brian Chatman at the table as well. This looks terrific, really revealing is there thank you so much for having us. What specifically, we talked about this with the Time Magazine piece a couple weeks ago, in this broad discussion about whether we should pay them or not. I think its somewhat distracting when we talk about playing them. Its about the players getting the rights they deserve. So i would be disappointed if they paid the players without giving them a voice. It looks good for the president s of the universities and ncaa from the top down. It doesnt look good from the bottom up if you are a player. To me that is the issue not talked about enough, joe, we talk about those who made millions of dollars, what about that division i schp athlete who plays four years and doesnt go pro and has that career, thats where any modem thats created. You can change a person. You really can. I have been an alabama fan for decades, there are always these guy the freshmen and sophomore years that are super stars, five years later, someone said, did you hear, so and so is working in a pigglywiggly . There are athletes and current athletes who say they suffers thee terrible injuries and had to live with them the rest of their lives. No one is paying their medical costs. I was fortunate to have an nfl career and move on. Its a ridiculous minute percentage of people able to do that. What are the pitfalls of paying the atmosphere lotz . If it were easy, this would not be an issue . It lies in incentives. There is no incentive to make sure the atmospherelights are taken care of. So athletes dont have power or a voice in the process. The people with the power, if you run a business, which essentially they are, in this case, they dont have to pay them anything. Mika, you always talked about mcdonalds and how much they are making, i disagree with you, but the ncaa makes 12 billion a year, more of a profit tan mcdonalds or chevron or so many other massive corporations and they dont pay their players. The rate of growth of the College Industry has grown exponentially. The point of this film was to dig doper and show people how this system works and how these athletes entertaining us every weekend dont have any rights. Hold on a second, theyre getting a scholarship. My kid is not getting a scholarship. Theyre getting a scholarship. They got the opportunity to go to class to learn if they want to. They do have an opportunity. Its back to incentives. It was extremely discounted. The incentive for the player is to play well t. Same for the coach the incentive for the university is to win games a. Lot of players, from is no one pushing you. I remember circling the majors and my adviser broke out a list of majors that were realistic. Thats what i money having a discount. Academic experience. Several thursday notice games in georgia. So you miss class on wednesday, on thursday, on friday is there thats not right. But i mean, its funnily, they put student first. Its obvious all incentives lie with an athlete who has to go to class. Its interesting, i missed a lot of wednesday, thursday, friday classes, i didnt even pay football. Samstone. Efor theing the critics are paying, athletes say it could be corruption. Has anyone proposed the idea of setting up es kro accounts . Money that are will for students, once they graduate, academically that, they will be paid. It just one happen in laterally time . I think call eight gateway to corruption. Hilarious this system is already corrupt. They force them to abody by rules that cannot be measured or followed and theyre unjust. So im not sure, one of the things that upsets me about this debate is people like to focus on, should they be paid or not paid . Throwing money at the problem is a pacifier. The real problem is the players dont have a voice in the process. That could change a. Lot of people think there is a sort of an unspoken movement to get rid of the ncaa because some of these schools and conferences are more powerful. Maybe the ncaa will be forced to do something. Even the pac10 commissioner came on and said if you dont want college, you have a path to go try to get to the pros, if thats your choice to do. These kids you were talking yesterday about the kinetic force of the nfl, how violent it is. Take a guys, my default is the university of alabama, made the catch of the year the prior year against florida. He snaps his leg in half. He went from a 1st or 2nd round draft pick to a guy who now hes a bank teller last i heard in tuscaloosa. What happens to him next . What happens to his health . This guy helped make my university millions and millions of dollars. There needs to be a trust fund to take care of these kids. These universities, their priority is education. Most of the athletes are concerned with going to the next level of the nba, after they finish playing, they would appreciate that education even more. I cant underscore, how many of them think they will go pro . They all think theyre going pro, every one of them. The schools the price of like every senator thinks they will be president. Premiers on the channel epics. It looks really riveting. Emmy Award Winning actress sela ward is here. She wants to teach kids how to spend money online. Its educational. You are watching morning joe. Well be right back. Humans. Even when we cross our ts and dot our is, we still run into problems. Namely, other humans. Which is why at Liberty Mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. See what else comes standard at libertymutual. Com. Liberty mutual insurance. Responsibility. Whats your policy . What do you wish for . You know, when you see a shooting star or find an eyelash or you say toss a penny into a fountain . For my kids to be all right, of course. For alabama to win another bcs championship. Very good ones. Most people wish for money. Not if you spend four years in tuscaloosa. That stole joes house. That was the scene showing off her roots and the actress, university offal bama alum joins us now. She is a member of the board of advisers for virtual piggy and e Commerce Solution that helps kids manage money with the help of her parents. She has the shelter for children and i admired her and thought she was perfect. I am looking in her back and she was homecoming queen and a cheerleader. Seriously . Look at that. Hasnt changed a bit. Amazing. They are all the same. Isnt that something. She has a lot of questions for i think you. For us. Turn the tables. Every time you meet a fellow person from alabama. How did you get here . I took the greyhound and bought a plane ticket. Where were you a congressman . Florida, but thank you for following my career. I was from the riviera, northwest florida. Pensacola. About 3 1 2 hours from tuscaloosa. That makes sense. Deep south. Its all southern roots. You necessary mississippi, obviously. I lived there for about five years and you have done great things. We will talk about virtual figure. We all have kids who are gutting our bank account. Atms. Talk about what you have done. This is wonderful. I dont know what it is. That sense of community and belonging stuck with me my whole life. I lived in new york and i lived in los angeles and i keep going back there and giving back there because as cliche as it sounds, that part of the world give so much to me. I started a home for abused andy in neglected kids. Thats my passion project there. So desperately needed. Its great. It must help a lot of kids. Thats great. You have connections all over the south. You have something in common with me. My cousin was the first email admitted. Everybody in the south knows everybody. Thats right. Wait a second. What are you talking about . Brothers and sisters. We are all related. Virtual piggy. Im on the board of advisers to this company because when my kids were younger i wanted to find something to help them be financially literate. I had Business Managers handle my money. Still to this day i am trying to empower myself as a woman and not rely on the business manager. When i found out about this, i went this is fantastic. Children have a safe space online protected to manage their money. The parents control it and give use of the money and decide stores you may shop in or not. The child is able to spend his money, save his money and gave money to charity. As early as 6 years old if you wanted to, but its more like 11 or 15 where kids understand what they are doing. You are putting all the components into their brain and they see it in front of them. I will give 10 this month to kids helping kids or the animal shelter. They get the experience of giving back to themselves in spending money and saving money. It makes that connection between when we were growing up and money was cash and you put it in and now its a plastic card and money comes out and where its online, they dont really see the levels. Its not like they have a checkbook and they deposited 100 and they have 40 left. Now they have this total because i spent at clairs. I only have 30 left. They see it like having a checkbook. Does it cost . Its absolutely free. Im a 7yearold and i have been talking about taking her to the bank and seth up a bank account. Do you skip that . You skip that phase. She doesnt even know about the bank and pennies. Go to the virtual world. 7. You wont be able to open up a bank account for her. She cant open up an account for her until she is 15 or something. This is why i was so impressed with this. Because there is no other venue for them to be financially literate. To work with the computer and conceptualize monoline. Its brilliant. Im taking my son to an ole miss game and his frat brothers from the university of pennsylvania this weekend. That should be interesting. I actually went to the homecoming last year because i always wanted to go there. There is curtis wilke. I promised kurt we would take the showdown and we had a great time. My son who is a university of alabama graduate. My son who gets upset when i do a hash tag. Its hard not to cheer for ole miss. They will have a great time. They will have a fabulous time. Thats an awesome city. It is. Thank you. Thank you for coming. Appreciate it. A chance to get involved with the conversation online. If you have a question for sela, tweet us now. Mojo. Watch afternoon mojo msnbc. Com to find out which of your questions have been answered. Stay with us. Thrusters at 30 i cant get her to warp. Losing thrusters. I need more power. Give me more power [ mainframe ] located. Ge deepsea fuel technology. A 50,000pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. Our Current Situation seems rather extreme. Why cant we maximize our. Ready. Brilliant. Lets get out of here. Warp speed. s. Good morning. Its 8 00 on the east coast and 5 00 on the west coast. Get out of bed. Jim cramer is here and in washington, sam stein. We will get to the government shut down and where everything stands at this point. The president gave a little bit yesterday. No, i dont think so. He was in the corner weeping. Give a couple weeks of extension for you guys to figure out how to save yourself. They have to remember who owns it. John stewart is on course. He came to him back in july and offered to pass a clean government funding resolution, no obama care amendment that was below what they wanted and they accepted and you reneged on the offer. There was a conversation about doing it. It was a clean resolution. I decided that the threat of obama care and what was happening was so important there was time for us to take a stand and we took it. Did you [ bleep ] hear that . Can we stop having a conversation about it . They had a deal. But no obama care we decided to take a stand. You think obama care is a big enough threat to shut down the government over it . Fine. Own it. Dont far and point at the dog. I like that. You all are laughing. What do you want to do here. Go through with it. Im going to the first ladys lunch. Im a republican. Im going to put a lot more hair spray in and faun all over you. First lady . You came in here to make fun of me. I look like a republican. You do. We have a look at that. The president trying to give to republicans and all. They are trying to make something happen in that long event the other day and somebody has got to do something to use the dime and if the president will do that, thats what we do. The president called to reiterate he will not negotiate with republicans and the debt ceiling is raised. Both spoke about the crisis later in the afternoon. The American People do not get to demand a ransom for doing their job. You dont get a chance to call your bank and say i am not going to pay my mortgage unless you throw in a new car and an xbox. For them to crash the economy and you dont agree to gun background checks and Immigration Reform. Republicans would not think its appropriate. We cant make extortion part of our democracy. We dont function this way. The American People are tired of it. I apologize that you have to go through this every three months it seems like and lord knows im tired of it. There is going to be a negotiation here. At times like this the American People expect their leader to have a conversation. The president said if there is Unconditional Surrender by republicans, he will sit down and talk to us. Thats not the way our government works. The house passed a bill to make sure they are paid on time and make sure the bill creates a bipartisan negotiating people between the house and the senate to work on the debt limit, but they rejected another Super Committee. Democrats are moving forward with a clean debt ceiling increase. Looking to shore up republican support to bypass the filibuster. They would raise the debt ceiling through september 2014. Hearing some claims that we can have the default and its not really his fault and america would be just fine if we didnt pass the debt ceiling increase. Its just not true. Senator johnson represented barton and said we dont have enough money. Why do we do these auctions . We dont have enough money. You have to come up and there will be a recession. Why do they say it . Because you can prioritize and say social cute and pay the debt and you have money to be able to do that. You have 100 billion until november. Its a disaster. There is not a lot to it. The president reiterated the drop dead days. In the end, theyre going in november 1st. Hey, sam stein. Basically the reporting we are hearing yesterday is that republicans may be open to a temporary raising of the debt ceiling on the condition that the president agreed to negotiate with them. If they do that, what would they be negotiating over the four to six weeks. What would they look for and since the president hasnt shown a lost willingness, why would they negotiate during that period . Can you get 18 agreement to enter the negotiations and they seemed open to the shortterm deal. John boehner said thats Unconditional Surrender. Im not sure how close they are to negotiate. If they were to make it into that place where they were talking and you didnt have a threat of the problems over our head, then the negotiation is somewhat there. Paul ryan talked about how theoretically republicans could give in on they is questations to exchange for entitlement reform. Paul ryan was attacked by thes enative conservative care for not going after obama care. Thats the deal, roughly the small type deal that can take place. None of that will happen from the administrations perspective unless you get refrom the default and the government shut down. Then of course sam he asked a question. Yes, he did. I would like to show that. Its all right. Were proud. Sam stein. Thank you, mr. President. Is Speaker Boehner holding a vote and what advice could you give to return and wandering back and how worried are you personally to get a solution to the sequestration may do harm to the nation . Well, you are making an important point. Yeah, you make an important point. Thats the reason for the question. Ever read the question from sam donaldson. I thought you would criticize the tire and it was the reading of the question. I didnt know i was not allowed to read off of my note pad. We have problems right now that are direct results of the this is horrible. The bodies of four soldiers who made the ultimate sacrifice will arrive later today and the family of Sergeant Patrick hawkins and the others will have to pay for their own way to delaware and pay out of their own pockets for the funeral because the pentagon said unable to pay out doubt sentences is because of the shut down. Any Service Member killed since october 1st will not receive the automatic 100,000 it usually pays to families within 36 hours of a death or fun eral cost. Its shameful and embarrassing that america could fail the families of a fallen hero. Appalling, frightening. I dont care who it is or how its shaped, but lets sit down and get out of this so that these families whose loved ones just died will receive the benefits at least that would give them comfort and solace in this terrible hour of tragedy. That are house is scheduled to vote to restore the payment. Thats as low as it gets. It is as low as it gets. The update to that story called fisher house that it will pick up the tab now. This is a great country, better than the people who represent them in washington. They step up and will pay for the advance grants for the familys hotels and other incidentals. It is being picked up by the government. Chris christie looks to get a second term as governor. He locks to his challenger for the first gubernatorial debate. Including kriscris president ial aspirations. I said i wouldnt and didnt. After 2007, i will be looking for a new job anyway. As we go forward, i will continue to do my job the best way i possibly can and i will not declare for you or anyone else. It doesnt bother me that you are running for president , it bothers me how. I can walk and chew gum at the same time. Thats exactly what i will be. A recent poll has Chris Christie leading 6430 . Isnt it interesting, sam stein, that most politicians will say i will do a denial or a nondenial denial. He said you know what im going to do . Im going to run for president while im governor of new jersey. I will do both. Whats it to you . I can walk and chew gum. I like the candidness, i guess. Its overstated how they react to politicians. Every one has greater ambitions. They get that and Chris Christie appreciates that as well. He has this in the bag at 6430. Im not a mathematician. He lost a lot of weight. He and coach ryan. Whatever race they are in. They will be behind this guy. Hes firm and he understands how to create jobs. People feel he has the pulse of the country and hes not an idea log. I dont think they matter in the least. I think Chris Christie is going to be even more popular with the Business Community not just on wall street to the west coast because hes triangulated. Just like clinton against the liberal house democrats. It makes him stronger. His outsider status has never looked better than it does right now. He doesnt have to be asked to take shots at washington. Thats not me, thats them. I would say thats a fact that a lot of republicans are now questioning the significance there and embracing the notion. I can imagine that wall street sources people are going to be thrilled with having the guests defined in washington. Someone like Chris Christie emerging in the party. Hit hard by the government shut down and congressman mark sanford is standing by support of the House Republican strategy. He joins us straight ahead. Former white house director Melanie Barnes joins us. Caught on camera, taking part in the biker attack. That is next on the morning papers. Joining the table for another look at the political playbook. First a check on the forecast. Good wednesday morning to you. 90 to 95 of the country has a beautiful wednesday. The 5 is not happy. This radar does not look good to you. Its a soaking cold rain. The winds are at 30 miles per hour. Moving up the coast. Even some of the areas near the potomac and washington, d. C. You will see the wet weather. Enjoy whatever sunshine you get, because this will be the last time you see the sun until monday or tuesday of next week. That dreary weather lingers on the east coast through the upcoming weekend. Southern california, this is the end of your dry season. Three months since you have seen raindrops. We are predicting to get rape. Only a couple tenths of an inch. The roads will be slippery so be careful there. Coming home. Are you in the middle of the country . Enjoy it. How beautiful is that. 70s up to the canadian border. Philadelphia, clouds moved in. Leave the sunglasses. You will not need them for at least a week. You are watching morning joe. [ male announcer ] may your lights always be green. [ tires screech ] [ beeping ] may you never be stuck behind a stinky truck. [ beeping ] may things always go your way. But its good to be prepared. Just in case they dont. Toyota. Lets go places, safely. But itsat any minute. Ared. Just in case they dont. You could be a victim of fraud. Most people dont even know it. Fraud could mean lower credit scores, higher loan rates. And maybe not getting the car you want. Its a problem waiting to happen. Check your credit score, check your credit report, at experian. Com americas number one provider of online credit reports and scores. Dont take chances. Go to experian. Com. Nine . Thats great. Did i ever tell you about David Mcintosh . How are doing . Do you like your dad . You explain that. Wow. Most of the time. Thank you for coming. Thanks for coming on the show today. We have to talk to your dad, but we would rather talk to you. Thanks, cutie. Look at that. James junior. How cute. You have to call mom. Hes awesome. Lets look at the morning papers. 200 people were arrested at an immigration rally near capitol hill including the eight democratic members of congress. Among those arrested were john lewis, keith ellison. Luis gutierrez and protesters are calling for an Immigration Reform bill that includes a path to citizenship. The new york daily news, an under cover detective will be charged with the road rage pep soed caught on camera in new york city. Nbc new york confirms that an under cover officer crunches the suv and shatters a rear window. The tenyear veteran is charged with writing and criminal mischief. The cops are doing that . Maybe that explains why they Department Come forward and why the others didnt. Sacramento bee. Furloughed government workers are back at work at the cdc after 300 cases of salmonella were reported. The outbreak may have originated at the foster farms chicken plant in california. The bell fast cetelegraph. They can vote to have an unconditional income for 2800 a mopping for every adult living in the country. They called it a financial safety net and said it will be partially financed through the countrys social instruments. Wow. The l. A. Times charges 1. 18 milli million. She was filmed on surveillance stuffing lunch money in her bra. She got 1. 8 million out of the school in her bra. Stealing money over the course of a year as much as 3. 16 million may be missing from the district . Thats a lot of money to put in your bra. That is a big bra. Wow. New york daily news, Long Distance swimmer diana nyad began here in new york. The 64yearold is currently swimming a 48 hour mare none midtown manhattan. It will benefit victims of super storm sandy. Nyad will be joined by people in new york and new jersey. Last month she became the first person to swim nonstop from cuba to key west without a shark cage. She is so cool. Think about that. This horrible story written about me. Totally false. And dave mcintosh, they conspired together. Did he ever apologize for that . Never apologized. You thought he was going to apologize and never did. You thought jim would apologize for that. The roll call. Thank you so much for that. Arent you going to give up to new york for that . Yes. Like the end of the month. You get one thing in new york. John boehners end game and how you slowly, modestly win favorably conservatives in his own caucus. We have seen the conservatives who dont really like him or trust him are singing his praises because he is taking this hard line 3r5067. I do not believe he will be allowed to fall back. He will have to lift the debt limit. He has a business background and gets a ton of money and costs them all the time. I cannot imagine hes going to allow it to happen. He tells people i have got your back and i have a plan. Nobody believes he has a plan. They are hoping an idea materializes between now and catastrophe that gives him a plan. There is not an obvious one out there. We have seen this a million times. Its always in the Business Community that comes down. Not only talks to republicans, but democrats. You will not allow the government to fall. We will not allow the government to fall. It happens time and time again. The only thing thats different is the Republican Party used to be more responsive. Much more responsive to the grass roots. The rank and file members. If jim diamond goes to john boehner and said you have need a clean up or down vote, you can vote against it. Put a clean up or down vote on the floor, he will not say no to that. He keeps saying no, but i cant imagine there is not going to be some it will be an awful solution of lets give it another month. There is no grand bargain to be had. I cant emphasize that enough. When you didnt have that tax increase. There were tax increases no matter what. There was the leverage and capacity to get republicans to accept taxes and get the entitlement reform. Republicans are not going to raise taxes to get entitlement reform. They are not going to get rid of the defense funds held in sequestration. There is not a grand bargain to be had. Jim, thanks. Coming up next for the last government shut down, Congress Mark sanford joins us next. Former director of the white house domestic policy counsel. Melody barnes joins us. Sfx birds chirping. At a ford dealer with a little q and a for fiona. Tell me fiona, whos having a big tire event . Your ford dealer. Who has 11 major brands to choose from . Your ford dealer. Whos offering a rebate . Your ford dealer. Who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires . Your ford dealer. Im beginning to sense a pattern. Get up to 140 in mailin rebates when you buy four select tires with the Ford Service Credit card. Whered you get that sweater vest . Your ford dealer. Hing, helicopthierhis hibuzzing, andk engine humming. Sfx birds chirping sfx birds chirping plus another 17 trillion in debt. Wouldnt it be smart if we started addressing that problem before we blankly give an increase in level to credit cards . Actually what we should do is cut this credit card up. Which is what im going to do. Thats the way i vote. Its time we quit borrowing mon money its time we quit borrowing money against the future of our kids and put more into their future. Sometimes you have to play it by ear. Good point. Joining us now from capitol hill, republican congressman from south carolina, representative mark sanford and here on the set, former director of the white house domestic policy counsel and ceo of Melanie Barnes solution. Do i look like a republican . You look lovely this morning. I turned on the and i was struck. This is how republicans look. From the lincoln day collection. You look lovely. Mark sanford looks like a republican too. Oh, yeah. They are talking about hey, you know what, lets talk about entitlement reforms and lets talk about tax reform and lets make a deal. The sort of things you and i have been talking about. Its a very good structure path. The math he laid out in the wall street journal is compelling. Its about 15 of the time and the other 85 will be addressed and get our arms around the numbers. We have to deal with entitlement and tax policy. Lets expand that out. Everybody is always talking about we need to cut this and cut that. All the debates in washington is over discretionary domestic spending. Its like pre2008 levels. Thats not going to save us. We are have to save Social Security, medicare, and medicaid for the long run. This is all a distraction. It is. Its real. Its other than a distraction these days and involves the impact of peoples lives and ultimately im talking budgets over the next 20 or 30 years. Its discreationary domestic spending. The question is how you get your arms around it. There has been a break down to the process in the time that you and i left congress. I have been gone for 13 years and the difference is stern. Can you pause there for a second . You get people assigned to the committees and those bills would go to the floor. We have seen school house rock. We know how they become a bill. Talk about the stark difference between how none of the old rules that sustained this country for 200 years apply anymore in congress. Its not just this congress. You look back over the last four or five years and the process is broken down. The government is operating on what they called continued resolution and said lets take what we saved last year and spend it this year. If you are liberal, you say we want to operate well and its a habit because the ones that are doing well dont get rewarded and thes that are not, dont get penalized. Thats the way we operate now. Back to the time we were in congress together, there 12 categories that make up spending in washington, d. C. And we have a food fight every year on how much we should or shouldnt be spending. I remember going down and you were a part of it. With tom coburn, we had 100 amendments and it lasts for participation by younger rank and file members. Right now Decision Making can concept rate at the top of the republican or democratic leadership and they dont get the voice as was the case when they were there last. What do you make of all this . Absolutely. Two things. One, im struck by the people calling for regular order have been blocking it all year long. Its a little bit like crying wolf. All of a sudden you want to go to negotiations and there is a Super Committee and we have done that. Congressional committees that can kaer this out. What is perplexing to me is why do we want to question the public debt in order to get there . It seems like we are thumbing our nose at the constitution and holding that hostage to go to negotiations and its striking that republicans who say that they believe in the constitution are there. That is a perplexing matter when we need to get into a conversation with where we are as a country. I would say this. The past is prologued to agreeing to the politics. If you look since the mid1970s, there have been 53 increases in the debt ceiling. If you look at the same time period, there have been 17 Government Shutdowns. In every one of the instances with the debt ceiling increase and Government Shutdowns with exception of a couple of years where a debt ceiling increase was based on whatever the budget was set, with that one exception, 100 of the time with no exception there has always been negotiations between the president , the senate, and the house in these matters. What the approximate the is saying in this instance is lets step away from the precedent of how it has been done for the last 35 years. Congressman, the president has negotiated on these points over the last several years and now the country is being held hostage to a few members who say they love their country and dont want to stand up to this. Six months is an eternity and the fact that he may have negotiated a deal he may not like a couple of years ago with budget agreement or an attempt in that direction, it is not no, they want to break it. The deal wants to come from the democrats he wants to lower he is honoring the deal set by the sequester. They want to pull back from that. I want a yes or no. I would say no. The impasse we are at right now is based on a whole serious of different republican bills goingover that have been tabled. I think a great mistake that was done in the last shut down, you may remember the Time Magazine that said is the presidency relevant. In essence, Newt Gingrich and republicans overplayed the hand. I would argue that the democrats are overplaying their hand given the president s unwillingness to sit down at the table with john boehner. What happened six months or two years ago is not relevant to the crisis we are at and these were all free parties to sit down at the table and the need for harry reid and the president not to be dismissive of that. All that being said, bringing obama and the Affordable Health care act into this with the political cast on what could be a discussion about physical discipline. What would you say to people who think you know what, there is a hard core group of people who believe that the Affordable Care act should not be part of the landscape and they are going to make their stand here. But thats really not a relevant question. I would go back to a speech we did months ago in gettysburg. Gettysburg originated with a cavalry unit out looking for shoes and a battle ensued and neither believed that, but it was there. I think that there two issues here. In the on set, there was a nexus. What a lot of republicans questioned going to the clip of a few minutes ago was wait a minute. Can we really afford another trillion dollar entitlement . Normally if the budget process was working, we would have it during the appropriations. Because there is no budget between the house senate and the white house, it is left to the end which is where we are dealing with it. There is a nexus with regard to cost and the constitutional argument that was touched on. You have a bill and in this case the Affordable Care act which is signed off by the judiciary which you have a most unusual interpretation with the executive branch is choosing that. There is no cause being able to pick piece male. That would enforce the law and that is the case when all business is exempted from the law and individuals arent. I think there is a constitutional question as well. That brought a number of republicans into the fight and saying wait a minute can you imagine president clinton or bush doing any of this . We wouldnt be having the debate. We wouldnt. We dont have a lot of time. You do not take him at face value saying take care of these two elements, the shut down and the debt ceiling and we can talk about reform. You dont believe him . Are. History is a degree of indicator. He spent five years in office and shows not. Why is the political pressure indifferent over the next couple of weeks that we cannic it down the road . You talked about regular order, the house is at least four appropriation bills . Absolutely. Har hear harry reid passed zero appropriation bills. Democrats are saying gee, republicans are talking about regular order now, why werent they doing it from the go think . Harry reid said that himself. The senate has not passed a single appropriations bill this year. It calls for a Budget Conference Committee and republicans have stood up every time and blocked that. Its not just here. There letters saying we cant go to conference on immigration. We dont want to do that. Republicans dont top the do that. Harry reid controls the senate. He appointed all the appropriations chair and they decided not to pass the bill like harry didnt want to pass a budget for four years. There is a much bigger problem on the culture in washington that changed radically since we were there 800 years ago. Both sides are completely broken. It irritates me so much when harry reid is self righteous when he passed zero Appropriations Bills himself. Thats all i have to say, mark. If you want to talk about North Carolina baseball we can. The contrast between this shut down and the last, to the credit of bill clinton, you department see open air memorials close down in washington. In south dakota, how people can view or not view mt. Rush more. They have always been unmanned. The president is overplaying his hand in terms of trying to create political pressure by inconveniencing a large number of people or going to other spots that it involves federal properties. Okay. All right. Senator mark sanford, thank you. Melanie, we will give you the last word and straight ahead we will have a fiveyear economic low the country just hit in business before the bell. Jc lunch at that one restaurant we all like . Ron im sorry, who are you . Jc im your coworker cmon guys. Im driving. Hey, you guys comfortable . Its bestinclass rear legroom. And with a turbo engine that gets 35 highway mpg. You know j. D. Power ranked passat the most appealing midsize car two years in a row . I bet, uh, dan here wishes somebody found him most appealing two years in a row. Ron its ron jc ron. Exactly. Vo get 0 down, 0 due at signing, 0 deposit, and 0 first months payment on passat or any new 2014 volkswagen. 20 years with the company. Hool. Thousands of presentations. And one hard earned partnership. It took a lot of work to get this far. So now im supposed to take a back seat when it comes to my investments . Theres zero chance of that happening. Avo when you work with a schwab financial consultant, youll get the guidance you need with the control you want. Talk to us today. Lets go to brian sullivan. Some news about Consumer Confidence. Not good. Not good at all. According to the gallup reading, drop in Consumer Confidence was the steepest in a weekly period since Lehman Brothers collapsed this 2008. They said how do you feel about the economy . The number fell the most since the crisis began with lehman. If you want to know about the imfact or how they feel about it, i saw the approval is what, 5 . They go hand in hand. Look at the drop. Thats a big one. That is ugly. We have news and i have been saving this line for you. The markets are shouting about yellin. Okay. What are they shouting . Janet yellin is Federal Reserve chair, the first ever to be nominated for the position. That is 1,000 reports expected to come down and the market likes it. Yellin is likely to keep Interest Rates lower for a longer period of time. Even if low rates do cause inflation, there is no perfect policy and if she had the two to choose from, she would view lower rates from the center and inflation as the lesser of the two evils. Only as a trivia question. The first u. S. Female to be nominated as head of our fed, but there is a female central bank head, first in the world. It was in which country . Russia. Russia. Elvira nebulina. I knew that. Educating us. Did you know that . Not in the driveway. Yeah. Its in the shop. Its going to cost me an arm and a leg. Thats hilarious. Sorry. You shoulda taken it to midas. Get some of that midas touch. They tell you what stuff needs fixing, and what stuff can wait. Next time im going to midas. Highfive arg i did not see that coming. Trust the midas touch. For brakes, tires, oil, everything. whistling your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ male announcer ] join the nearly 7 million investors who think like you do. Face time and think time make a difference. At edward jones, its how we make sense of investing. Up next, did we learn anything some. I dont know. Nope, we didnt. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . One more time, just for themselves. Before the last grandchild. Before the first grandchild. Smile. Before katie, debbie, kevin and brad. There was a connection that started it all and made the future the wonderful thing it turned out to be. At bank of america, we know were not the center of your life, but well do our best to help you connect to what is. Do it, man. On the government shut down. Talking about what we learned. The learned that the president is making things a lot rougher by shutting down parks. I