The real clear politics poll of poll shows it extreme close, and a look at the Electoral College projection shows it is razorthin. With this debate as the last big scheduled event before november 6th, to quote vp joe biden, this is a big fing deal. Lets start with luke russert. Now that his Baseball Team is waiting until next year, well concentrate on this election. Cheap shot. My Baseball Team is on break, too. Were in the same boat. Back in d. C. , what are the socalled insiders telling you about whats going on with this race . Its interesting, toure. Obviously, very close in the battleground states. The importance of this debate tonight, republicans that ive spoken to today have said the following. Mitt romney has to try to expose barack obama on the issue of libya. He has to try and raise questions about Barack Obamas policies in the middle east, and try to implement in voters minds perhaps this guy who takes all this creditor killing Osama Bin Laden, though it was honorable and great in american history. What has he done there . He mismanaged it. Barack obama is going to say im the only person up here to be commander in chief. Ive dealt with it for four years. Not only did i kill Osama Bin Laden but understand the real risks. My opponents said russia is the number one geo political foe. Everyone says the president has to make that argument about russia and bring up mitt romneys trip to london that didnt go so well. The most interesting thing tonight toushgs re, look at the issue of china and their currency manipulation. Sthaets something mitt romney has spoken about frequently. Interesting enough republicans that ive spoken to and folks close to gop leadership. They acknowledge that mitt romneys chinas plan goes against things they went on the house floor. John boehner is cautious about doing anything like that. Its interesting to see how the president plays that off of romney. Going to be a big debate in terms of Foreign Policy. The president had a huge lead and romney narrowed that gap. Well see how it ends up. Luke, the latest nbc wall street journal poll has a lot of meat in it including the finding more trust president obama than romney. The other thing interesting in that poll was if obama wins reelection 62 say they want to see major changes, 31 say they want minor changes, only 4 want another term to look like the first term. So which begs the question, look, if you want major changes, why dont you vote for the other guy. The other thing is with so few people wanting to see a repeat of the past four years, does the president need to come out and acknowledge that the past four years have been it terrible, maybe he made some mistakes instead of just sort of reflectively defending his record. It seems as though he needs to connect with some people very disappointed. On the issue of Foreign Policy, if you look at it historically its never beneficial for a president ial incumbent to say that they have done something wrong. I think what he would probably say tonight is youll see the president tries to see, look, we had a lot to clean up. I ended the war in iraq. I promised to do that, and i did do that. Youll hear a lot about bin laden. On that point i see major changes in what you see in terms of Foreign Policy in major changes. There arent a lot of differences between president obamas Foreign Policy and mitt romneys Foreign Policy, at least on paper. Both are pretty vague. I would look in that poll that you said, the 62 that want to see the major changes, thats on the economic side. Right. So i dont necessarily think he needs to speak to that too much this evening. Talking about that poll, and yes, this is the Foreign Policy dpee bait. Theres an interesting comment on the economy. Romney is winning on who would be a better president on the economy. This comes at a time when theres genuinely good Economic News the last few weeks. Housing starts are up and weekly job claims are going down. We had the Unemployment Rate down to 7. 8 . I cant help but think back to 1992, the last time you had a president who lost for a single term based on the economy, and that was george bush sr. He was dragged down by the recession that seemed to spike in early to mid1992. At the very end of the campaign, he got some of the best Economic News of his presidency. The entire bush message changed for the last week or two. Listen, we are through the worst of this. We can see the light right now. Stick with me now because were almost out of this and the signs are too good. People didnt feel that. There are signs in this poll even though he loses on the economy the peoples basic optimism about where the economy is going, seems to be increasing. If theyre still judging romney the winner on the economy, it seems theres a lot of room there for people to reach this conclusion of yeah, things are going in the right direction. Yeah, bahaobama came in in a to situation. I dont know if this news is soon enough to help obama. Luke let me ask a question about women and the president still maintains a gender gap over mitt romney about 8 points among women, about that has shrunk. Its smaller than in previous polls. When you look specifically at the issue of who is preferred on womens issues, huge gap for the president. 53 to 25, on abortion issues, 51 30. Those are issues very unlikely to come up tonight. Is there any way that erts the president or mitt romney can really make a play to women voters in a Foreign Policy debate . Yes. Where mitt romney could is try and say that president obama is hiding something on libya. I was reading some polling that indicates that there are questions among women voters, specifically in stwing states, about libya. What president obama can do as run republican operative said is take the strategy that president bush used in 2004, which was look right into the camera and say youre safer with me. I care about the fact that we are going to prevent a terrorist attack here on american soil. I am the person that can prevent bad things from happening to this country because i understand how important our military is. How important Foreign Policy is. Try to make that idea that mitt romney just doesnt get it. That you are safer with me, youre safe we are the incumbent, youre safer with me with my hand on the striger. Is it a stretch to play to women voters in pay Foreign Policy debate . Its not a traditional landscape, shall we say, that really applies to swing voters, but its possible. From what ive spoken to on both sides, when it comes to the womens vote the thing i hear is democrats saying were going for the heart. Republicans saying were going for the head. They acknowledge they can make up a lot of ground on social issues important to women, especially younger women, but they say the economy is most worriso worrisome. Democrats say hes not one of us. Toughest stand in a Foreign Policy debate, but you never know. Lets bring in willie geist. Star of the today show. Im doing all right. Theyre still separating us. Were 20 feet away from each other. Thats because youre a bigger star than all of the rest of us. Willie, whats the vibe on the ground you hear about this debate. This could be the turning point in the election, right . Thats what we hear. If you look at polls you might believe that. Theres real questions about whether or not the issues we talk about tonight for inside that state in Lynn University are the ish yous to be voted on. Theyre important issues. I talked to Stephanie Cutter and dan senor this morning. Theyre interested in talking about afghanistan and libya, particularly the Romney Campaign and talking about iran, this report out of tthe new york time times. Will an undecided voter vote on the issue tonight . That remains to be seen, toure. It remains to be seen how many watch the debate. The candidates are seated at a table together, so they dont have the physical confront tragss that they had last time its 90 minutes on Foreign Policy. How much of an impact do you think a 90minute Foreign Policy debate can make on the election at this point . Its a good point, krystal. You have monday night football on and game seven of a National League world series. These are huge chunks of American People watching those things. I think people are interested and engaged generally in the race. It does represent the last time we talk about the conventions and the three debates as the only time the whole country sits, stops and watches the campaign. This is the last time well have a moment. I think it will be an important poemt for a distinction between two men standing on a stage together. We wont see them again, unless you tune into msnbc all day or sitting at home watching cspan, youre probably not dialed in the way the public will be dialed in toevenday like the pu will dial in tonight. I wonder if they think more about their pocketbook than what happened in benghazi and tehran. Part of the problem is we have this irrational separation. Foreign policy is over here and the economy is over here. As weve discussed at these table, theyre interdependent. Im going to make a bet because we like to bets. Over under ten minutes makes Foreign Policy about the economy. Im going under. What do you think, s. E. . I think it will come out in opening statement. Whoever goes first is going to try and make the connection. Youre watching 90 minutes on Foreign Policy because it will affect the economy. I think its going to be one of the first things out of someones mouth. Im going to say under two minutes. Theres a natural connection, too, when you look at obama sort of imperatives in the debate like this. The more that obama can get the discussion resolving around george w. Bush and the ways in which romney is or isnt than george w. Bush, the better position hes in. He doesnt want to look like hes blaming the troubles he inherited on bush too much and look like hes whining a little bit. Theres a clear connection for obama where you look at romneys policies and the people around him. You can see these are bush policies and holdovers. Hes not different here or the economy. He can make the link very naturally. Another clear connection is if any foreign interventions, any foreign adventures, how do we pay for it . Thats a direct tiein to the domestic economy. Absolutely. Willie, luke, best of luck to your Baseball Teams next year, guys. Thats cruel. Yankees world series 2013. Watch out. Maybe. Up next in the spin, the Foreign Policy topics that make a difference here at home, a and t each candidate needs to watch out for when theyre talking about it. Throughout the show we show you favorite boca clips. First is tina fey martin scor scorcese in the the american fres ads. Youve seen it. Ive seen it. Im talking about a unique opportunity for us. Is this a script . No, something better. I have a great time share in boca. Boca . Welcome aboard [ chuckles ] [ honk ] [ honk ] [ honk ] [ male announcer ] now youll know when to stop. [ honk ] the allnew Nissan Altima with easy fill tire alert. [ honk ] its our most innovative altima ever. Nissan. Innovation that excites. Now get a 199 per month lease on a 2013 Nissan Altima. Humans sometimes life trips us up. And sometimes, we trip ourselves up, but thats okay. At Liberty Mutual insurance we can untrip you as you go through your life with personalized policies and discounts when you need them most. Just call. And speak with a licensed representative about saving on your policy when you get married, move into a new house. [crash ] or add a car to your policy. Dont forget to ask about saving up to 10 when you combine your auto and Home Insurance with Liberty Mutual. Security, coverage, and savings. All the things humans need to make our beautifully imperfect world a little less imperfect. Call. And lock in your rate for 12 months. Liberty mutual insurance. Responsibility. Whats your policy . That makes tv even better. If your tv were a prom queen, zeebox would be a stretch limo. With this enchanting union, comes a sunroof she can scream from. Im goin to prom [ male announcer ]. And a driver named bruce that she can rename james. Faster, james [ male announcer ]. Just cause. Download zeebox free, and have the night of your life with your tv. Weerz hoir away from the third and final president ial debate tonight. Its all Foreign Policy, which is also tried to the economy. Obviously, libya and more specifically the Embassy Attack in benghazi will be a hot topic tonight. But aside from libya, what else will be on the table . It sounds like a Perfect Question to run through the spin cycle. Guys i do wants to see libya relitigated tonight. Im sure it will be. I also feel very confident that syria and iran, russia, china, these are topics that will come up, and theyre important topics. Where romney needs to not get mired down tonight is the specifics of who said what, when and where on issues. He needs to paint a larger picture of a very confusing obama Foreign Policy. I think thats where he can win on this issue. If he paints the picture of a confusing Foreign Policy, one that maybe the president is winging the way that he has been winging it on the economy, he can draw those two issues together. One issue id like to see romney bring up and we talked about it before and i will say i dont think it will. I would love for romney to come at obama from the left on his Foreign Policy. Romney the hawk will solidify the base, but to soft obama voters who might be disappointed or undecideds, i think he can talk about the drone strikes and, you know, killing an american citizen without due process. Going into libya illegally without congressional approval. All of the things that made bush unpopular to a segment of the left, i think romney should find a way to artfully remind voters that obama is done and maybe failed to deliver on some promises. Thats interesting. One thing that strikes me skeptical that he would go at obama on drones or extra judicial assassination or anything like that. If you look at the people around mitt romney, the people whose ideas to the extent he formulated a policy in the plan the influence most felt in that are bush people. You talk about what question i would like to see raised tonight. I see the last debate. My favorite question last debate was a woman said to mitt romney shes worried that his economic policies were too much like george w. Bushs, which got us into the mess in 2008. She said can you assure me and tell me how youre different than george w. Bush . He really couldnt. I would like a similar question tonight. When you look at the people who are on the record being advisers to mitt romney on Foreign Policy, 70 of them, more than 70 of them center direct ties to theyre veterans to the bush administration. They brought the iraq war and bushs vision of the war on terror. They brought a lot of policies, s. E. , that you say obama has continued and more. I would like to see i would like to see mitt romney asked, does anybody have your ear who thinks the iraq war was a mistake . Do you think the iraq war was a mistake . When you talk about president obama has not done enough on syria or iran, what lessons do you draw from the iraq war about what we should do with a country like that . I would like to see him pressed on that, because i have not heard that happen in this campaign. Im curious to see how he handles it. Toure, what do you think . Steve, youre absolutely right. Theres tremendous similarity between bush and romney in terms of Foreign Policy. Hes surrounded by romney Foreign Policy advisers. The key Foreign Policy issue in the next four years is iran. China will be there, but iran is a critical issue. Whether or not iran gets the bomb, what we do to keep iran from getting the bomb, we see this New York Times story that seems to have from the administration at some level. Obama is close to getting iran, to forcing iran to sit at the table and negotiate probably because of years of diplomacy and years of sanctions that have crippled them and ruined their economy. Obama can really press romney on this issue because romney doesnt have a coherent position on iran. Hes surrounded by neocon. S were close to getting iran not to build a bomb, and hes going to talk us to war with iran. What do you think to do . Iran will be type pick foent, libya and perhaps the iraq war. One topic thats glaringly absent from fthese debates and thats Climate Change. Thats it is first time we have not had a discussion on Climate Change as part of the president ial debates. Bob schieffer has said it will include israel and iran, changes in the arab world, the new face of terrorism and the rise of china. That last segment is sort of a roundup of things we didnt get to, and it could include things like Climate Change or the response to the european debt crisis, which i also think is an important issue that hasnt been covered. Im not particularly hopeful that Climate Change will get a large hearing in this debate, which is unfortunate. Weve had discussions about iran and libya now in two out of the three debates and are almost going to certainly have those discussions again today. They will be the most discussed topics in the debates. Important as they are, they are not at the top of voters minds in terms of how to make their decisions this year. Ill add Energy Policy to the list as well. Well see if that comes up towards the end. Were in the final hours before the final debate. This afternoon the candidates did their walkthroughs. Up next we go behind the scenes of the debate prep. A world of dark arts and clever gamesmanship according to the next guest. A seinfeld to remember, jerrys parents doing anything they can to keep georges from moving to boca. Theres not no kondz doe stra condo available. Thats right. Were moving in loshg, stock and barrel. Were going to be in the pool. Were going to be in the clubhouse. Were going to be all over that shuffleboard court, and i dare you to keep me out time for your business sfwree preer near of the week. He works renaissance fairs and he sells bones, skulls and other items. He sells through performance and mirroring customer temperaments. For more watch your business sunday mornings at 7 30 on msnbc you said in the rose garden the day after the attack it was an act of terror . It was not a spontaneous demonstration . Please proceed, governor. Theres your first clue. When you feel youre about to spring what you, governor romney, think is the checkmate moment of the debate and your debate opponent says to you, please, proceed, hold are. Are you trying to open that door . Allow me to open it wider. Allow me to open it for us. Please proceed, governor. Theres a debate tip from jon stewart on watching out for an opponents trap. It was the Pivotal Moment that cornered romney and allowed obama to score major points. It made a lot of us squirm, even s. E. I think of these debates as the political equivalent of the hunger games. A mental test of wills and gamemanship and a balances act between the attack. Theyre on the line with 60 million voters watching. Theres a whole team of people coaching the candidates behind the scenes. In the guest spot today robert draper, who talked to it an army of strategists and coaches and goes inside the dark arts trickery and dleclever gamesmanp in president ial debates in his article in gq. How are you . Im doing fine. In a debate about Foreign Policy, is there a different style you want too use . Is there a substantive differen difference . The town hall style isnt about dealing with other world leaders, does it . I think in a sense youre right. I think in this debate substance will matter less than in the previous debates. To the exhe not there is substance, it will be a proxy for greater issues. For obama he wants to show himself as a commander des moinin chief. Romney needs to be a reassuring presence, which feds into the narrative of him being more md rate but it assures people, particularly women, that hes not going to be bell coast. That its going to be difficult for him, since his rhetoric has been that way. The concern is going to be is this guy going to drag us off to another war . He has to find a way to sort of split the difference between criticizing obama for being too soft on extremists while at the same time assuring voters he wont go on a Foreign Policy adventure. Obama hasnt been at all frad to attack when he felt the need to. If romney says we need to be tougher, what else is there than actually going to war . Thats right. Thats going to be obamas chief mission tonight and sort of the broader context of this for the president is going to show romney once and for all is a guy who doesnt mean what he says, who will say whatever it takes to get laekelected. By the way, that has been the narrative of romney. That the democrats and the Obama Campaign dispensed with early. They made the decision to paint him as a latter day Barry Goldwater because it poll tested bertd than the focus groups when they talked about romney as a flipflopper. That may be so. Romney is a guy that lacks ate lot of core convictions. Now obama comes back to it, and thats what he harps on in the debate. Do you think we have different expectations for candidates depending on whether theyre an incumbent or challenger . In 2008 the president was called no drama obama. One of the things that were appeal about him was he seem, cool, calm and collected in the face of the financial crisis, and that was his demeanor during the debates. When he came out in the first debate, his demeanor similar in that way was judged as aloof and distant and disconnected. Do we have different expectations depending on whether the candidate is a challenger or incumbent . First of all, the short answer is yes. As regards obama, i think thats been the fine line that hes had to walk. To appear as this guy with many famous menthe lated cool and then appears engaged. It was the most damning nare tif of obama chshgs an ineffectual president and a record he cant defend. Obama was forced in the second debate to agree a great deal more passionate than in the first debate, but more than hes accustomed behaviorally in doing. I think that there are different expectations. Romney had to draw blood in the first debate, and he did that. Now that romneys Major Mission is to continue to give undecided voters permissions to stru him as a guy more of a centrist. The way to do na in a form rin debail is to speak in more moderate and reassuring tones. I want to go back to Foreign Policy for a minute. You mentioned romneys challenges in not coming across like the guy who is going to, quote, drag us into another lead and lead us on a Foreign Policy adventure. I think thats right. Doesnt that open obama up for the criticism that he has, in fact, dragged us into additional wars in libya and yemen and uganda even . Wouldnt you expect that to be a easy response from romney in that case tonight . Well, no, i dont actually. In the case of libya, for example, the tragedy with ambassad ambassador stevens notwithstanding no american troops died in libya when we moved in to help remove the dictator gadhafi. Without congressional approval i might add. If romney wants an argument about the need for a weaker executive, hes permitted to do so. I dont think thats playing where he wants to play. I think that, you know, where obama can be criticized is certainly on libya in terms of the attack on libya and benghazi. I was in libya for a month this summer, including a week in benghazi and the problem in libya is theres no sfablt there at all. Theres no police force. Theres nothing to prevent someone from an attack on any government facility. The Obama Administration should have known. They should have had more security there, and hes very vulnerable in that regard. Whether or not it matters to voters pondering pocketbook issues remains to be seen, though. Im thinking back a few weeks to the runup to the first debate in denver. We heard a lot of voices saying, dont get too excited. Debates dont matter that much in president ial elections. I took the point. We dont see them changing 20 points worth of votes or something. Something very significant has happened in the weeks since then. All year from april to the end of september, barack obama led in the real clear politics polling average. We might have the graph. Im not sure. For the first time in the entire Campaign Mitt Romney pulled ahead in that average and kept a small, very small but a lead in that since then. I guess my question is, can we finally put an end to this idea that debates dont matter . We should. We should have all along, steve. My view has been if debates arent dispositive and theyre influential. My prediction is they would be that much more influential this year. Why . Americans are distant from president ial candidates not only do you to the flood of superpac attack ads but both avoid the National Press like the plague. Neither has done serious interviews, so this was an opportunity finally for all the clutter to be put aside and the electorate to have a good view. 60, 65 million at a time with these two candidates squaring off against each other and not hiding behind superpac ads or the kg rhetoric. Yeah, i think that theyve been incredibly influential and they could determine the outcome. Robert draper, thank you very much. My pleasure. Before we goit of here, steve, my compliments to your barber. Youre looking good, brother. Mary is her name. Coming up, inequality is a global issue. Christa freeland explains how the super rich that created them. Speaking of the good life, i wonder if i can get a round of golf in in beautiful boca. We have fresh air and sunshine. Forget ba that [ bleep ]. Thank god for golf somedays. Im trying to concentrate here. So, did you get any golf in in boca uncle june. [ bleep ] manners, please i dont spend money on gasoline. I am probably going to the gas station about once a month. Last time i was at a gas station was about. I would say. Two months ago. I very rarely put gas in my chevy volt. I go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and its not just these owners giving the volt high praise. Volt received the j. D. Power and associates appeal award two years in a row. Tonight even though the debate is about Foreign Policy, you can expect close and frequent tieins to the economy. The economy is the story not just here but globally. Our next guest writes that the socalled superrich are the driving force behind income inequality. Shes not talking about the 1 but instead the far more elite. 1 . If you want to understand whats happening to middle class and low income households, you need to know whats happening in the house of have. Joining us is Christa Friedland the author of the new book. Thanks for stopping by. I guess the first question is we have heard about the top 1 . This is the top 1 of the top 1 or top 10 of the top 1 . Who are they, how much do they have, and what does it mean to those of us not in that stratosphere . The real action is at the very, very top. We like to talk about the 1 and the 99 , but really theres a huge disparity within the very, very top. Within the 1 . And what i write about is what are the economic forces driving that . And who are these people . Whats going on there . What i found is increasingly theres sort of a twospeed World Economy with the global super elite occupying one space often knowing each other, often hanging out and doing deals together and being increasingly distant from the middle classes in their own countries. I think we see that reflected in our politics. Thats an interesting point. If you want to address this, its a political solution at some level, and i see a potential problem here. We seen it in the last years. Obviously, the super rich have been sheltered from the worst of the recession and theres blame to go around to both parties from them. One thing that protects the super rich is the people in politics that protect them are conservatives and they have rally around this idea of they use a populist themes about individualism, the john wayne idea that you pull yourself up by the bootstraps and take personal responsibility. If you talk about too much in too few hands at the top, youre assaulting that Great American system. It seems to be very powerful and resonate message with people that should be outraged in what you describe in the book . I agree to you. One said its easy to get funding from think tanks to study poverty and people at the bottom of the income distribution. When you want to study income and equality and whats happening at the top, the think tanks and found dations say no, that will alienate our voters. I think the left bears some of the onus on what i would say the moratorium, the lack of the real discussion of this in the United States. Thats because i dont think you can have the discussion, you can end the discussion by saying, wow, theres income and equality. The guys at the top have too much full stop. I think you have to actually really progressives need to embrace capitalism. They have to say a lot of forces driving this are good. The Technology Revolution is a good thing. Globalization is a good thing, but some of the outcomes that we are seeing are not so great. Some of the outcomes are leading to huge amounts of income at the up top, the middle class being hollowed out. We need creative solutions. I talk about history in my book, and the period with the most resonance and similarities is the Industrial Revolution. That was also an age of the huge gap between the people at the top and the people in the middle. People talked about progress and poverty. When you think about the Industrial Revolution, people say to me, economists, that shows its all going to turn out fine because after all the Industrial Revolution worked out, didnt it . I think that kind of analysis ignores the fact that for us socially and politically to adjust to the Economic Transformation of the Industrial Revolution took two world wars, a communist revolution in russia and in china, and in the United States the progressive era, trust busting and the new deal. My concluding sort of call to progressives in particular is where are those innovative and original social and political answers to the economic revolutions were living through now . Just to say, income inequality is bad, thats not enough. People feel that is hallollow. Theyre quite right to say you know what . Just picking on the rich wont do it for me. I think steve jobs is a great guy. Another hurdle is the fact the super rich have amassed great wealth and political power. They also are at the same time living in completely different worlds. This is something youve written about. Different schools and neighborhoods and different modes of transportation. Theyre unlikely to feel empathy for the rest of the world when theyre not living in the rest of the world. How do we convince the super rich its in their best interests to narrow the gap between themselves and the rest of the kuncountry and the world . I total agree with you. This is a big theme of my book, that income equality in money is being translated into political inequality and into inequality in voice. What i really worry about is, you know, its not as if theres this ka ball of rich guys in top hats Smoking Cigars saying how can we screw the pro literates. It doesnt happen like that. Human beings automatically equate their own selfinterest with the collective good. On wall street you think light touch regulation. Thats great for me, and he you devise ways of assuming that is good for everyone else. What we are seeing now increasingly is as the super rich control more and more of the political discourse, political decisions are being pushed in their direction. What i try to say at the end of the book is is watch out, guys. Political systems take political charge and havent worked out so well. Before we go, were running out of time, i want to get this point in. A lot of these super rich it should be said, of course, are incredibly charitable. How do we have this conversation without aligning them as eve people while preserving a lot of good things they do . My book is not about maligning the super rich and i write about ideas and fill lant pea. The status symbol is now a fo d foundation doing creative work. Fill lantpy goes so far. He introduced me to the term of selftax. I talked about taxes on the super rich increase. He said you dont understand how much we selftax. He meant have our own charitable contributions. Give money away. I think theres a danger that in celebrating the fill lant pea of the super rich, theres a rich its confused with paying a lot of money into the treasury, which i think they need to do as well. All right. Thanks so much for joining us. Thanks for keeping toures seat warm for a few minutes for him. Up next, a little less pain at the pump these days. Will we pay a lesser price . Will amerithey talk about ameri Energy Future . [ male announcer ] its simple physics. A body at rest tends to stay at rest. While a body in motion tends to stay in motion. Staying active can actually ease arthritis symptoms. But if you have arthritis, staying active can be difficult. Prescription celebrex can help relieve arthritis pain so your body can stay in motion. Because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. 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Get help right away if you have swelling of the face or throat, or trouble breathing. Tell your doctor your medical history and find an Arthritis Treatment for you. Visit celebrex. Com and ask your doctor about celebrex. For a body in motion. A little good news and a little bad news for you. Gas prices are on the decline. You might have noticed the price of a gallon of regular has dropped nearly 9 cents over the past two weeks to 3. 75. Experts expect it to stay lower through election day. Now for the bad news. Dont get used to it. Our next guest says the end of cheap oil is nearly upon us, and that its going to affect the entire global economy. But guess what . He also says thats not necessarily good or bad. Here to explain now is jeff reuben, Energy Expert and former chief economist and strategist at cibc world markets. Author of the big flatline oil and the nogrowth economy. Jeff, thanks for being with us. My pleasure. You argue we are nearly at the end of the cheap oil and cheap energy and thats going to lead to flatlining growth, but that thats not necessarily a bad thing and you say tomorrows kids wont live in as many square feet of space, own as many flat screen televisions, or have as many cars in the driveway, but for all the material things they give up, they may be compensated in other ways. What do you mean by that . Well, i mean, i think that were going to find that triple Digit Oil Prices and triple digit thermal coal prices are going to lead us to some very green places. That were going to see Carbon Emissions halt in their tracks as they did in 2009 without any sort of expensive and cumbersome cap and trade policies or any punitive carbon taxes and the environment is going to be a natural beneficiary of oil collaring global growth. Toure, did you have a question . Yeah. Jeff, how much power does the president have to shape gas prices . Do people overestimate that link . I mean, i think very limited power. You can release oil from the Strategic Reserve but then you have to build it back. I mean, the problem with todays oil prices, quite unlike the past where there was a supply shock is we need these triple Digit Oil Prices to get oil out of the places that were expecting to get it out of like the oil shales in the balkans or the oil sands in alberta or deep water oil under the gulf of mexico or heavy oil from venezuela. Theres lots of oil in these places, but theyre not going to flow at the kind of prices that u. S. Motorists want to fill up at. Jeff, i think i agree with you that theres very little that the president can do about gas prices. Its simple supply and demand, so then isnt the only thing that an american president should say about gas prices is that he promises to release as much u. S. Oil into the population as he possibly can as we can possibly sustain to keep demand low and supply high . Well, as i say, the Strategic Reserve a finite amount and you can artificially depress oil prices temporarily. Right. But youre going to have to rebuild that. Lets hear what the market a telling us. Brent today is 110 a barrel. Thats telling us that oil is getting scarce and dear. The message should be to consume less, not to override it with artificial Government Policies like releasing Strategic Reserves or cutting gasoline taxes because really what were doing is overriding the markets message and thats going to make it more difficult, not easier, down the road. You know, jeff, we always hear we have a demand problem in the economy right now. Consumers dont have the money, theyre not spending money, not putting it into the economy. I wonder how much high gas prices tie into that, the idea that the average consumer who has a lot of do et to start with is paying sky high gas bills. Has that exacerbated the recession, made the recovery that much harder to come by . Well, i think the problem is that we havent yet prouzed that when you change the price of oil as dramatically as weve seen over the last decade from 20 to over 100, you just dont change the speed at which you drive your car. You change the speed at which your economy can grow. What were trying to do is substitute for that with, you know, quantitative easing, with huge fiscal deficits, and its not really addressing the root of the problem. The problem isnt that theres a credit crunch and money costs too much or that theres a lack of government spending. The problem is that the fuel that the economy is most dependent on is increasingly getting out of the economys reach. Jeff, thomas mallthus did no account for progress in his apocalyptic predictions. You know, i mean one day we may discover an alternative to oil as a transit fuel and thats what with we really use oil for. Technology is accessing new supplies. The balkans, the alberta oil sands. Thats technological innovation but our problem is in the here and now, oil is already costing nearly triple digit range. While we may one day find a substitute for it, the solution right now if were going to immunize our economy from this triple digit Oil Price Shock is really to learn to consume less. And thats exactly what triple Digit Oil Prices will get us to do. All right. Jeff rubin, thanks for joining us today. Before we get out of here, just a tiny bit of reporting before we get out of here, guys. Behind me in the crowd theres a woman holing be a obama sign and she found her boyfriend holding a romney sign. She dumped him, so that happened. That does it for the cycle live from boca. The debate coverage continues on msnbc. Martin bashir is in the chair right here from Lynn University next. [ female announcer ] over the years, your mouth has giggled, snuggled, bubbled. And yellowed. Because if youre not whitening, youre yellowing. 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