New york, new york the city that never sleeps just got one more thing to keep it up at night. Because yesterday the thinkable happened. Two years after a tawdry sexting scandal chased him from Congress Anthony weiner is begging for forgiveness again. He continued to send lewd messages and photos to one woman after he was forced to resign from congress. Even after the sexting scandal, turns out he learned nothing. Has this man never heard of snapchat . He has been told. By us. Good morning and welcome to morning joe. Its thursday, july 25, 2013. A lot to get to today including tragedies, another highprofile train accident takes 77 lives and closer to home iowa congressman stands by his comments comparing immigrants to drug mules despite from being under attack. Trayvon martins father on capitol hill yesterday and Edward Snowden still playing tom thanks, stuck in a russian airport. Boston a bit stronger this morning as the last injured victim from the april bombing left the hospital and is going home and kids you asked for it. We got it. Swings answer to the Anthony Weiner scandal. More difficult polling for obama care. The administration keeps talking about fake scandals and willie geist, that is a great place to start because the president went out yesterday on a speech that was, ill tell you what, it was more like a Campaign Speech than an economic reset. Hes given this speech before. Yeah, absolutely. Were still stuck, by the way on the answer to Anthony Weiner. Very exciting stuff. We haa great panel. President obama will head to florida to couldnt to sell his economic policies to the public. Yesterday the president urged americans to avoid the rhetoric of the right and they should focus instead on improving the lives of the working middle class. We now have to get back and focus on whats important. An endless parade of distractions and political posturing and phoney scandals cant get in the way of what we need to do and im here to say its got to stop. We got to focus on jobs and the economy and helping middle class families get ahead. I got 1267 days left in my presidency. And im going to spend every minute, every second, as long as i have the privilege of being in this Office Making sure that im doing every single that i can so that middle class families, working families, people who are out there struggling every single day they know that work can lead them to a better place. Hey, jim, im just a little confused here. Whats the president trying to do . If hes trying to elect democrats in 2014 you can check that speech off that makes a lot of sense. If hes trying to get things done in the washington its a complete failure because it sounds like a Campaign Speech. Doesnt matter whether the republicans deserve it or not, the fact is his Approval Ratings are done, congresss Approval Ratings are down, and pointing the finger to the other side doesnt get it done. His aides tell us hes trying to get his groove back. They feel hes in a slump. They have a hard time breaking through on any issue. The problem is, think about the this is more to set the mood . What else is he going to do. He cant do anything. Theres nothing that he wants to do that can get through this congress. He has no choice but to get out and essentially become a sailsman. The president cant figure out a single thing that he and the republicans can agree on . I dont know what congress youve been watching. What will he get through . The house, theres no proposal that the house will go with. Let me ask you this, nicole. Hold on a second. Nicole, i got a question. Nicole, its not like this Republican Party in 2009 supported tax increases. Its not like this Republican Party in 2009 when he became president supported higher regulations or bailouts. Everybody acts as if this group of republicans in the house were transported from mars to america in november of 2010. Its not like he couldnt see this coming. So all of this talk about oh, they are the most radical no. When Ronald Reagan was the president they said he was the the most radical rightwing president and now Everybody Loves him. Now people are saying you guys were reasonable, you worked with bill clinton. Because bill clinton met us halfway. Were hearing this again. What do the republicans stand for today that they havent stood for for 100 years . That might tie my brain in a knot. Obama has some openings to form alliances with republicans on immigration. Its not like obama hasnt slammed the door in the face of republicans who have been willing to form coalitions with him. He just passed an extension of his nsa phone monitoring program. Its not like there are theres not a wealth of republicans coming forward to sign on to his agenda because his economicened hasnt work. The wall street journal has a brilliant editorial saying no president has done worse by the middle class than president obama. This president has not had a lack of republicans who have been willing to band with him on issues like tax reform. There was tom could burn on immigration, john mccain on the phone with him every other day. There are republicans who have been willing to form alliances with this administration. Nicole, those are two members out of 535 members. A president doesnt need 535 members. His party runs everything. The president s party, if only they ran everything then they run everything. Nicole, nicole, you have a house of representatives that has just passed a set of spending bills budget you ask why is this more radical . I think the house republicans, the paul ryan budget policies which are the heart of any economic problem are more radical than anything thats been passed in the last 100 years. Paul ryan is Steve Rattner, i will get you clippings from 1995, 1996, 1997 that were saying the same things then that youre saying now. You know what bill clinton did . He sat down with us and said ill swallow a lot of things i dont want to swallow politically and you guys will do the same thing and we came to a budget agreement and there was a lot of hatred, a lot of acrimony, a lot of yelling. Bill clinton knew i have no choice. They own the house of representatives, they are carrying the checkbook. This is my greater frustration. Theres blame to go around on both side, republicans obviously in the house want to see the president fail. Thats fine. But they are in the house, they got the checkbook, and the senate will feel the pressure too. Theres got to be a deal that can be made out there somewhere, steve. I would love there to be a deal. We can debate what went on in 1997, youre right there was a deal. The deal that was made in 1997 makes what the republicans are proposing look like something that goes back to the 19thcentury. No, no. Thats just not true. We abolished in the house, we passed legislation to abolish four federal agencies. My plan to abolish the education bureaucracy in washington, d. C. , the department of education passed through john kasichs budget resolution. These republicans are proposing nothing as dramatic, sweeping and radical as we did back then and we still got to a deal. Right now you have a speaker of the house, im not saying this critically of him but more of his members who cant bring his members along. You had 98 of the bush tax cuts made permanent at the end of the last year without a majority of republicans support because he couldnt bring the people from who are the ideologic purists along. The fact is its not just john mccain, not just tom colburn theres a lot of people to deal with. This congress has done nothing. If you were to look back to 2007 which is only six years ago by this point in time the congress had passed 48 pieces of legislation. This congress has passed 19 pieces of legislation. They are not doing anything. Jim, lets talk about the substance of the speech. Forget the politics. Was there anything in there there wasnt a lot new in that speech. Was there anything in there, anything significant that there could be some movement with republicans on . Did he introduce a new approach to something . Almost nothing, no. Mears the fundamental problem. Joe talks about bill clinton. You have a president thats decidedly to the left of bill clinton. This house of representatives is much more conservative than the one that he served in. When joe was in congress there were 45 selfdescribed moderate republicans. There are probably two in this house of representatives. When you talk about deals that can be had with the tom colburn and john mccain you keep mentioning senators. If we had two power senators in the senate, the presidency all this stuff can get done. Its the house where you cant get stuff through. Joe is right. They didnt fool anyone. Go back and watch the campaign in 2010. You talk about the number of bills that were passed. 45 versus 19. They probably say 19 is too many. They didnt come here to pass laws. They are doing exactly what they set out to do. Joe, it would appear to me just from reading today and observing today and remembering when you were in the house, many members of your party but several members of the Republican Caucus in 94 and 95 today would represent hubert humphrey. You have a speaker, john boehner who is petrified of most of his membership they will cost him his job. You have a substantial percentage of his membership in the house who, i think their mission si think they define their mission, i may be wrong but define their mission not what they can do for the country but what they can undo in terms of government, existing government. Am i wrong . You know, first of all, i guess if we hadnt been called the same exact thing by the press that this group is being called by the press, i might not be quite so cynical on that. As far as undoing things, when i got into congress we had a 4 trillion national debt. Today we have a 16. 5 trillion national debt. When i got into congress, bob kerry and alan simpson were warning about social security, medicare and medicaid going bankrupt. That was in 1994. Right. All right. How long are we . 19 years forward. Nothing has been done other than george bush adding another 7 trillion in liabilities to medicare. And the population getting older. Were in such a serious situation here right now that actually undoing some laws doesnt sound like a bad idea. We passed so much legislation in 2009 and 2010 that expanded the scope of the federal government. I mean forget about the tea party members, forget about me, look at the national polls. Distrust in the federal government is exploding. So, you know, i really dont think this group is that much more radical than a group that passed legislation to abolish the department of education, the department of energy, hud and the commerce department. Thats what we did. We were pushing to balance the budget in four years, in five years. Wanted to abolish the united nations, wanted to abolish the irs. There was some really sweeping legislation that we passed actually through the house of representatives or came close. Everybody called us rightwing radicals and nuts. But then again thats what liberals called Ronald Reagan in the 1980s. Heres the difference, mike. Bill clinton knew how to use our weaknesses against us. He knew how to make us look like idiots on national television. He knew what issues to pick out and he was skillful and he beat the hell out of us day in and day out. Eventually not only did bill clinton have to go to the center we had to go to the center because he was pounding us. This president sits in his white house, eventually hops out and gives a Campaign Speech, comes back home and he thinks hes going to reset the debate. It doesnt happen that way. Hes going to have to think more creatively. Yes, hes got people that want to kill him politically. Well, so did george w. Bush, and so did be bill clinton. And they figured out how to get things done. This president i dont think and maybe im wrong still hasnt figured out how to get things done. I have the same skill as bill clinton because i can make Mike Barnacle look like an idiot on national television. Im clintonian in that regard. Nice cover. Well talk more about this this morning. Some other news in new york city. Theres the New York Daily News, god help new york if hes mayor says the daily news. Fresh off revelations avenue sexting scandal. Anthony weiner is being dogged by journalists and by the competition. The circus that former Congress Member weiner has brought to the mayors race in the last two months has been a disservice to new yorkers. I have at the end of the day citizens are more interested in the challenge they face in their lives than anything that i have done embarrassing in my past. And, you know, im fine. I got an amazing wife and child upstairs. I have a comfortable life. This is not about me. As the former congressman tries to refocus his campaign theres new suing begs the worse is not yet behind him. In an interview with New York Times the website editor behind the new disclosure suggests theres more revelations to come. Its unclear what the fallout will be in the democratic prirm. The latest poll taken shows Anthony Weiner on top but Bill Thompson, before the latest revelations. In a runoff the poll projects Bill Thompson would beat weiner. Steve, this is kind of a field story for new york city. If youre in a cab and all these revelations are coming on and the cab driver is laughing out loud and shaking his need does new york city want its mayor to be a laughing stock . Well, first i have various dogs in this fight. Im friends with huma. I think shes terrific. Im an adviser and friend of chris quinn. Youre hedging your bets. Very republican of you, steve. Okay. Look, i just dont think that anybody votes for someone theres an old saying in politics if you end up being the butt of late night jokes its hard to get elected. Unfortunately whats happened here its just beyond the pale over the edge whatever you want to say and i cant imagine weiner will survive in this campaign let alone get elected. Those polls are hard to make any sense of. Theres a lot of name recognition. The race is very fluid. But the race is not going to include Anthony Weiner when this is all over. Lets take the internet out of this for a second because i think it makes it confusing and disorienting. This guy is a predatory flasher. If people started to look at his behavior as a more simple act of truly Walking Around the country and flashing women, then it becomes clear to people. I have talked to more democratic female friends in new york city who are flabbergasted he continues to be covered as a serious candidate. What hes done not just to his wife and son but all these women who were willing participants in sexting, sex conversations oh, stop that. Dont pretend. He makes a mockery out of his entire orientation as an online flasher. He makes light of it. Says thats in my past. Has nothing to do with me. Character is essential. Its no ones job to sit in judgment of someones personals life but he did this on the job. He did this after he resigned, after he confessed to his wife, after they went to therapy, while doing interviews about how much he changed his life. So who thinks this is the only sexting episode that will become public now. Joe i was going to say in his defense when he was in the People Magazine article seriously. No. He was in the People Magazine article, they were interviewing him they asked if it was in i had past and he said yes it was in his past. He really had not flash ad woman online since he had gone to the people bathroom right down the hall. He was sexting while huma was speaking the other day at the press conference. The definition of is is and this is the definition of past is. Lets see the next round ever polls, willie. I mean if you have the next group of polls showing him still in the hunt then hes got, i think hes got a really good chance in a three way race but i suspect we may see a bit of a collapse. Youre right. Youre riding in the cab, the guy is laughing at him. New yorkers dont apartment mayor thats a laughing stock. Quite a line in the therapist resume, i helped Anthony Weiner out. Sure never fine her. You made an important point. Which guy. Heres the front of the New York Daily News. Heres the back of the daily news. Who do you want to go away more. Which new york do new yorkers want to disappear from. I would think probably Anthony Weiner. Yeah. I would think so. Tweet us. Leapt us know what you think. The only defense he has is clearly hes mentally ill. Clearly. Its obviously a deeper problem and, therefore, he certainly shouldnt be running for office right now. Coming up on morning joe well talk to former governor howard dean plus chuck todd will join dfrgs and well reveal the new cover of Time Magazine and at that report from Richard Engel who gets a rare look at the cias spy tools. And the congressman who compares immigrants with drug mules. Good morning. We have our first storm for people that live in florida, up the east coast. This is dorian. Became a Tropical Storm yesterday. Heres the new advisory. Its heading to the west over the next five days. Not expected to become a big hurricane any time soon but going over very warm water the end of this forecast period. A lot of questions in what the intensity will be. It will be steered to the caribbean or west coast. Its in agreement that sooner or later dorian will be a brush with the east coast or head in this general direction. Its a beautiful morning in new england. Hopefully everyone is enjoying our break from summer. The clouds are on the increase from the east coast and well have rain out there, a little noreaster bringing cool weather from d. C. To boston. Middle of the country still hot, 99 in dallas but beautiful weather continues in chicago. Washington, d. C. , some clouds, a break from your summer heat, one of the coolest days youve had in nearly a month. Youre watching morning joe brewed by starbucks. Im part of an american success story, that starts with one of the worlds most advanced distribution systems, and one of the most efficient trucking networks, with safe, experienced drivers. We work directly with manufacturers, eliminating costly markups, and buy directly from local farmers in every region of the country. When you see our low prices, remember the wheels turning behind the scenes, delivering for millions of americans, everyday. Dedication thats the real walmart break from your summer heat, e. 6 27 here on the east coast. Lets look at the morning papers. New york times, 77 people dead, 125 injured after a highspeed train traveling over twice the speed limit crashes in spain. What remains is a pile of wreckage. Cars all over the place. Recovery operations carried on into the night. There were nearly 250 passengers aboard. From our parade of papers the washington, d. C. , former first daughter Caroline Kennedy was nominated by president obama to serve as u. S. Ambassador to japan. Kennedy endorsed then senator obama over Hillary Clinton back in 2008 and was one of the cochairs of his Reelection Campaign and if confirmed she would be the first female to serve in the coveted diplomatic post in american history. The moscow times former nsa contractor Edward Snowden will remain in limbo at the moscow airport at least for now. On wednesday Russian Media reported he has the documents he needed to finally leave and go into russia but that never happened. Snowdens lawyer visited him yesterday. Many believing he had the paper work with him. Instead he brought some clean shirts, a pizza, and a copy of crime and punishment for his client. Its going be five or six months. Is a long read. Thats a long read. He couldnt have just brought the great gatsby. Facebook beats Second Quarter sales. They post ad profit of 330 million. Social Media Business was boosted by mobile and local sales ads. That was haunting their stock for some time. They are trying to figure out a way to fix it and willie, somebody is going to have to fix saturday night live. The l. A. Times, Jason Sudeikis announced hes leaving saturday night live after ten years. He joined the shine 2003 as a writer, became a featured player in 2005. He plans to continue to pursue acting on the big screen. Hes the fourth cast member to announce plans to leave this summer. Thats a lot out of that show. Hes mitt romney, hes joe bi n biden. Big loss. Tough year for snl. Lets go the political playbook. Jim, let start with congressman steve king. Hes doubling down now on comments that have reignited the debate over immigration reform. About a week ago he documented he compared undocumented immigrants who qualify under president obamas dream act to drug mules. There are kids that were brought into this country by their parents unknowing they were breaking the law and they will say to me and others who will defend the rule of law we have to do something about the 11 million, and some of them are val valedictorians. They were not all brought in by their parents. For everyone theres a valedictorian theres another one that weighs 130 pounds and they have calves the size of cantaloupes. Ive seen with it my eyes. I unloaded the Illegal Drugs with my hands. The longer this dialogue goes the more the American People are is going to understand what im saying is factually correct, probably understated. Jim, before we go to you for your assessment of that, did you recognize him . He didnt have the aluminum cap on that he usually wears. Listen, the speaker of the house other leaders have said stop it. Put a sock in it. Could he point to people, are there kids who come over from the border and they are smuggling drugs . Absolutely. Hes saying something that probably is true. I really question this precise formula he has. But why would you say that . Thats what keeps getting republicans in trouble in the house because there isnt a big celebrity in the house, there never is. Its these guys that say these crazy things that are routinely getting picked up and have us talking about it, have other people talking about it and it defines down the Republican Party. I do want to say on steve king hes out there. If youre going to say who are the four or five most conservative people in conditioning who are going to say the zaniest things hes in that bunch. Hes not even a mainstream republican in the house. Hes on this side. Again and again its people like him, Michele Bachmann who end up conservatism in a bad way especially when you have a lot of folks who want to paint the caricatur. Of conservatism. As a republican who is trying to bring the party back to a place where it could win the white house, where it can become a National Party to hear comments like this even if its from the fringe. Its very frustrating. Weve talked about it for quite some time. Well let others debate whether well be the conservative party or the moderate party. Were just tired of being the stupid party. Weve been the stupid party when people have come out and said ii inflammatory things. John boehner came out and condemned him. You have democrats say stupid things but the president and other leaders will smack them down quickly. Mitt romney didnt have the courage to smack down glenn beck when he said the president was a racist. Mitt romney didnt have the courage to smack down other people that made really heinous radical comments. He paid for it and the Republican Party paid for it. Here, you see real discipline. What do i think of steve king saying that . I think steve king has his own problems inside the house of representatives and it doesnt reflect on the entire party as long as you have leaders coming out and aggressively speaking out against it. Nicole, i think you would agree with me, this is something what john boehner has done here is something that Republican Leaders havent done since george w. Bush left the white house. Thats right. Look, what i find disappointing and particularly distressing about this one is that marco rubio in the senate, did he succeed, did he usher through immigration reform, did he pass a bill that the house could support . No. But did he make an earnest and honest effort that not just hispanicamericans but all americans saw a prominent, important republican who was talked about as someone who might run for president doing his best. Steve king erased any good that marco rubio did. Paul ryan while he didnt support the senate bill was interested in doing something important on comprehensive immigration reform. Steve bing erased by all the good of those two far more important, far more relevant, far more principled republicans in our party. Its not just important and impressive that leaders came out and called him a buffoon, which he sbut he knocks the party down. He destroys the progress that we just made that was very hard fought by marco rubio. Does he care . He keeps doing it. Hes not worried about a national brand. Hes worried about his district. Hes lucky for america. Hes thinking about running for president. There was a story the other day he might running up to New Hampshire to see if theres a base. That would be fun. I do think, as much as people fault john boehner for not being a strong speaker, but he has a track record of coming out and saying no, that doesnt speak for the party. It still doesnt say anything good about the Republican Party. Nicole, there are 435 members of congress. Have you ever walked on the floor of congress before . I mean if you have you realize, theres some pretty strange people there. And you can always count you can always count on there being a couple of freaks on the left and a couple of freaks on the right that say some really freaky things. Alan grayson have you heard some of the things that guy has said . I have. So, these things happen. Americans are smart enough to figure out whether somebody is saying this and getting away with it or whether they are getting hammered by their own Party Leadership . I do think its significant republicans are finally, finally after three, four years of keeping their mouth shut every time something extreme was said, were finally having leaders speak out. Thats important. People always knock me for criticizing these extremists for things they say. Im not criticizing them really for what they say specifically, the substance much it because the substance is idiotic on the face of it. Im ticked off because they care more about themselves than whether we ever get back in the white house again. When you have leaders speaking out against them, it neutralizes some of the zaniness. You can walk aroundthehouse floor and look at the people with the Tin Foil Hats and you say okay if he speaks out maybe one of our leaders will you talked about paul ryan and marco rubio. A group of them have to have a press conference. Should have one every day. People should see the norm jam guys in our party. They all condemn steve king. Its triangulation. I understand people in western iowa dont agree with steve. A good press conference would underline that fact and being a great for the republican brand that you and i have been worried about. Were not questioning whether steve king can get reelected were questioning whether we can ever elect a republican to the white house again that can nominate Supreme Court justices in our lifetime. Get the economy back in motion. Big issues. Important things. This is a very personal story for joe because he too has calves the size of cantaloupes. Its personal and ourful. By the way as you know, i have naturally burly thighs. Im like a mule when i run. Its embarrassing. I dont like steve king making fun much me. I dont want to think about your burly thighs. The hits keep coming for arod. Latest questionable decision. Sports is next. Sfx oil gushing out of pipe. Sfx birds chirping. Your skin can grow more beautiful every time you wear it. Neutrogena® healthy skin liquid makeup. 98 of women saw improvement in their skin. Neutrogena® cosmetics. All your important legal matters in just minutes. Protect your family. And launch your dreams. At legalzoom. Com we put the law on your side. 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Michael gross head of the orthopedic department, talking about arod the feud of arod and the yankees. There was an attempt to contradict the yankees report that arod was injured with a quad strain. I feel great. Unfortunately great . Feel great. I feel great he says. He says hes ready to play. He did seek a second opinion, those without approval from the yankees front office. Mike, bottom line here is they say hes hurt, he has the quad strain, cant come up to the big team. He goes out on his own and gets a second opinion. The general manager put out a tough Statement Last night saying theres a way for Alex Rodriguez to do this. This is a pretty public athletic divorce. Alex rodriguez has an option to appeal to the players one monday to have them have the Players Association grieve the fact hes on the dl. They can grieve it and get him off the dl. He has not asked the Players Association for any assistance at all. Its unlikely the Players Association will be forthcoming in their assistance. This is before we even talk about biogenesis or anything else. Soon. This might just be the beginning. Coming up next how youtube is disrupting the media world. Fortune magazines andy is here how youtubes powerhouse is minting money right now. Youre watching morning joe spored by starbucks. [ tap ] [ tap ] cause tonight [ tap ] well share the same dream at the dark end of the street you and me you and me you and me you and me i dbefore i dosearch any projects on my home. I love my contractor, and i am so thankful to angies list for bringing us together. Find out why more than two million members count on angies list. Angies list reviews you can trust. American express credit card, every purchase earns you 2 cash back, which is deposited in your fidelity account. Is that it . Actually. Theres no annual fee and no limits on rewards. And with the fidelity Cash Management account debit card, you get reimbursed for all atm fees. Is that it . Oh, this guy, too. Turn more of the money you spend into money you invest. Its everyday reinvesting for your personal economy. Oh, oh, whoa, whoa. Were looking at you. Thats not the dance. Its been viewed 1. 7 billion times. Most watched video on youtube. Joining us now with the next youtube sensation managing editor of Fortune Magazine. Lets talk about the business of tube. That gets watched 1. 7 billion times. He makes some money off of that. Youtube is minting money here and they make about 45 of the advertising that goes up against these videos. They are making billions and billions of dollars. Google bought youtube about five or six years ago. Six years ago for 1. 6 billion. Its worth easily ten times that now. Its not so much if youre watching youtube, its how much and what are you watching. If youre watching dwight evans highlights, Ronald Reagans speeches, everybody is watching youtube. They get a billion unique viewers a month, a billion around the globe. You make the point they bought it for 1. 6 billion. At the time they bought it a lot of us wondered if they were overpaying. There was noticing. There was no revenues. No one imagined that you could turn it into this thing where its a series of channels and of tv programs and has the potential to replace a lot of tv viewership. Thats right. When i was talking about the old youtube, those videos. But youre right the new channels. My son catches Curious George every morning. The first few times die this how is this possible . How so watching Curious George for free . You know it is starting to chew into the tv business. People watch 34 hours of tv a week and one hour of video except younger people watch 22 hours a week and 2 1 2 hours a week of video. What are the differential in ad rates between youtube shows and shows on regular tv . Ad rates are much higher. Cpms as they call it, the jargon for video is much, much lower and thats because the demographics for a show like this are much higher, much more desirable than the youtube crowd and its starting to change. The same thing happened with cable tv in its early days. How do we get from cat videos which is how youtube started or squirrels to this massive business where people are creating original content just for youtube. Its unclear. Its the younger generation. Its viral. Its wordofmouth. Everything from the old spice commercials and marking people saw there was real value could get hundreds of millions of people to watch. Theres these new channels like awesomeness tv. Theres all these new stars and then the new stars kind of morph on to tv. The stars of youtube want to be on real tv still. Its not like they are killing real tv its complimentary but starting to to change the landscape. You can be a huge star with just one youtube video. Justin bieber started that way. You got your own channel . Thanks so much. Well look at the new issue for Fortune Magazine how youtube changes everything. George bush 41 showing solidarity with a young cancer patient. You got to see this. Keep it on morning joe. When we made our commitment to the gulf, bp had two big goals help the gulf recover and learn from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, where experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Trust your instincts to make the call. 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Special meaning to the president and first lady barbara bush. Their daughter robin died of leukemia 60 years ago this year. She suffered from leukemia and died 60 years ago this october. This kid patrick has leukemia. Hes 2 years old. If you want to help out patri patrickspal. Org. This tells you everything you need know about george h. W. Bush. A great, kind man. Thats the way its done. If republicans want to know how its done. Gravitate towards people like that. Their humanity and generosity. A great man, a great american. Coming up next well bring in former vermont governor howard dean. Also ahead the new edition of Time Magazine. Morning joe back in a moment. A quarter million tweeters musicare tweeting. Eamed. And 900 Million Dollars are changing hands online. Thats why the internet needs a new kind of server. One thats 80 smaller. Uses 89 less energy. And costs 77 less. Its called hp moonshot. And its giving the internet the room it needs to grow. This. Is going to be big. Its time to build a better enterprise. Together. [ female announcer ] only aveeno daily moisturizing lotion has an active naturals oat formula that creates a moisture reserve so skin can replenish itself. Aveeno® naturally beautiful results. I know, because ive been living it, that there are folks out there who are actively working to make this law fail. And i dont always understand exactly what their logic here is, why they think giving insurance to folks who dont have it and making folks with insurance a little more secure, why they think thats a bad thing. But despite the politically motivated misinformation campaign, the states that have committed themselves to making this law work are finding that competition in choice are actually pushing costs down. Thats the president of the United States yesterday giving an economic speech to middle america. Welcome back to morning joe as you take a live look at new york city. With us back on the set, Mike Barnacle, Nicole Wallace and Steve Rattner and former governor of vermont and former chairman of the Democratic National committee, howard dean. And we have a lot to talk about today, willie, obviously. The president s speech, even more polls coming out on the president S Health Care plan that he calls obama care as well. Very unpopular. And also, of course, Anthony Weiner the New York Daily News has probably the best headlines today on a race thats catching a lot of attention not just in new york city but nationally. Yes. Theres the front page of the New York Daily News, god help new york if hes mayor. Fresh off revelations avenue sexting scandal he admitted to a couple of days ago. Hes back out on the campaign trail, Anthony Weiner being followed by journalist, a lot of publications suggests he should dropout of the race. His competition doing the same. Here it is. The circus that former Congress Member weiner has brought to the mayors race in the last two months has been a disservice to new yorkers. I have posited this whole campaign on a bet and that is at the end of the day citizens are more interested in the challenge they face in their lives than anything that i have done embarrassing in my past. And, you know, im fine. I got an amazing wife and child upstairs. I have a comfortable life. This is not about me. Obviously that was speaker christine quinn, as the former congressman tries to refocus his campaign. The worse may not yet be behind him. In an interview with the New York Times the website editor suggested theres more revelations to come. Thats something Anthony Weiner himself has said and said a couple of days ago there may be more out there. Still unclear what the fallout will be in the primary which is a month and a half away. The latest quinnipiac poll shows Anthony Weiner in front but Bill Thompson surging. Thompson makes a runoff, the poll suggested weiner is defeated by Bill Thompson. Governor dean, youre new to this conversation. Is this an obstacle that Anthony Weiner can overcome . You made a slip when you first introduced this and same slip. When you said the most recent revelations. These recent revelations were over a year ago and theres going to be more of this stuff that he cant do anything about it because its done and in the can and somebody has got it and be dripped out by some of his opponents. I think hes got a real problem. As you know, im supporting theres different points of view around the table. I actually a week ago thought weiner was going to make the runoff with somebody else and somebody else would win and thats what somebody else shows. I honestly dont think hell make the primary. This campaign is not going to last. Hell be out of this campaign in the next two weeks. Its the drip, drip, drip. This is like gush, gush, gush. This is a torrent of stuff. Also clearly misspoke when he said in that clip we just showed this is not about me. Yes, it is. Its exactly about him. Yeah, absolutely. Well get beyond the at thtablo. President obama will continue to sell his economic policies to the American Public. Yesterday he urged americans to avoid the rhetoric of the right saying they should focus on improving the lives of the working middle class. We now have to get back and focus on whats important. An endless parade of distractions and political posturing and phoney scandals cant get in the way of what we need to do. And im here to say its got to stop. We got to focus on jobs and the economy and helping middle class families get ahead and if we do that, were going to solve a whole lot of problems. Ive got 1267 days left in my presidency. And im going to spend every minute, every second as long as i have the privilege of being in this Office Making sure that im doing every single thing that i can so that middle class families, working families, people who are out there struggling every single day, that they know that that work can lead them to a better place. As you heard the president say at the top of this hour were less than three months from the official launch of the Affordable Care act and according to a new poll more americans than ever before 39 want that law repealed. However 36 Want Congress to expand or keep it. The poll also found 54 of americans disapprove of the president s signature piece of legislation. Those numbers similar to the ones we saw in the nbc news wall street journal poll yesterday that found 47 of americans think the new law is a bad idea. Joe . Yep. Howard dean, let me go to you. This is a piece of legislation that obviously is the president s signature landmark piece of domestic legislation. Its how hell be defined in history. My gosh right now americans just dont embrace the concept at all. In fact they are openly hostile to it. Why is that . I think its because of the smoke screen the republicans have put up. You might think this was going to give license to rape and pillage in every town in america when you listen to them. Are americans really that dumb that they are why would republicans why would americans believe republicans on this one issue but not believe them on every other issue . Americans are not dumb. Second of all, voters dont necessarily believe the republicans but as weve seen for the past two years this is a really hard bill to understand in my view one necessarily hard to understand because of some of the stuff that was in it. The fact of the matter is when you have one side that says this is awful, this is awful and making up stuff and the other side trying to explain this very complex system, the most complex system that we have, as any part of our economy, when it doubt vote no and thats the saying in every legislature ive ever served in. Im an optimist. I think there are some problems. I actually think whats going to happen is for the most part the roll out will be good. I think federal exchange roll out will be bumpy because its so big. States will do a good job. By january of next year, youre going to see those numbers upside down because people are going to get benefits out of this. There are a lot of people that dont have Health Insurance that will have it after this gets rolled out. And after the bumps go away if this gets down even semi right youll see those numbers flip. Nicole, its fascinating that youve got a president who passeS Health Care legislation, democrats, liberals, progressives, cheer all across america, its the greatest thing thats happened since lbj, they think and then Democratic Candidates have to run against it in 2010. They have to run against it in 2012. And guess what . They are going to have to run away from it again in 2014. Listen, you got the numbers still are overwhelmingly against this legislation. Thats right. They always have been. They have been uncomfortable from the beginning because its a giant piece of legislation that regardless of your feelings about health care, everyone can agree the currents system doesnt work. Nobody thinks that this was something we could afford. The vast majority of americans are still and have always been incredibly wary of a wideened role for the federal government not exactly a beacon of competence or integrity should have a wideened role in the delivery of health care. I dont think people should be treated that they are too stupid whats in the bill. They know whats in this bill. Even if they dont know all the particles. They under its a giant expansion of the federal government and giants expansion of the federal governments role in the deliverive health and they dont like it. A couple of points. First of all, joe, in 2012 election president obama actually did succeed, if you look at the polls right before the election he actually did succeed in convincing a majority of the American People that the Affordable Care act is a good thing. Wright now were in this messy process of implementation. Theres good stuff happening. If you look at the new York Exchange youre seeing insurance prices come down by as much as 50 for people. I believe that when this is over, i agree with howard. When this is over people will see this as a good thing. To your point, nicole, there is an element of this helping those who are less fortunate. All of the money being raised by the taxes to pay for the Affordable Care act will expand health care to lower income parts of our society. That may not be the most popular thing but in fullness of time people recognize this is an important social policy. I would suggest excuse me joe. Go ahead. I was going to tell steve he needs to talk less and show charts more. Hes got some. Go ahead, mike. I would suggest that everybody polled out there about this pending legislation thats about to be enacted this fall, take a look at what happened with the parent of this law. The massachusettS Health Care law. Before it was implemented romney care a lot of people in massachusetts was saying why do we need this big state program. We dont need this. It will be too costly. The exchanges were a little rough to set up at the beginning. But now i think if you go to massachusetts and ask people how is this law affecting you, do you like it it would be overwhelmingly popular. Thats the parents. The same thing might happen to the child. Very briefly my wife has a Doctors Office and there are five people in that Doctors Office that have to get their own insurance. Their premiums in some cases will be cut nearly in half as a result of this law. Thats extraordinary. So its not just the feeling of doing something for the less fortunate, this is ordinary people who work for a living who are now having this benefit that they havent had before. I think taxpayers, though, shouldnt be on the hook to feel that they are somehow morally off base if they pose this. There are safety nets in this country. We do have a Health Care System for the very poor and very old. Democrats like to malign republicans for being nasty and not caring for the less fortunate. Thats not the philosophy opposition. The philosophy opposition is the about a greater expansion of the federal government to american life. Thats been the root of not just republicans but independents. Its understandable. America we got your cards and letters. You want Steve Rattners charts. Dont know how to show charts and not talk at the same time. You can talk. Lets admire the charts. I thought it would be useful to go back and take a look at the economy because president obama put it on stage yesterday and we need to be whats gone on here. First an enormous jobs hole. For all the increases in employment weve been getting in the last few months, 200,000 jobs a month it will take us fill b. E. T. Of 2022 before we get back to something that looks like the 5 unemployment we had in november of 2007. So the slog is long, the hole is deep, and people need to be aware of that. The second thing that i think you heard the president talk about yesterday that we should be aware of is whats happening to median incomes. When you adjust for inflation people today are about 8 worse off than they were back 2000. Even during the recovery in 2007 they never got back to where they were in 2000. First time thats actually happened in american history. Steve, why does that keep going down . We hear about recovery own though its a small anemic recovery, why do we see those charts, those numbers continuing to collapse in real income . Very simple. Because was happened in this recovery the fruits of recovery have gone to corporate profits. The share of National Income is at record levels and the American Public has been left out. If you look at 1 and 99 you would see more dramatic. Between 2010, 2011, Something Like 120 of all income gains went to the top 1 . Howard dean, its unbelievable. Main street loses. Was wins. I dont think the president gets a lot of points for talking about this. This is in my opinion one of the two really enormous issues in the United States. Were at a crossroads here. The reason why it has nothing to do with democrat versus republican. If a substantial amount of americans dont believe America Works for them any more this country is finished. This idea of america being what is it and being special is done. Hes talking about trying to deal with this issue. I actually think that you cant have tax policies to deal with these issues you have to do what the president is doing, you got have a safety net not just for poor people you have to have a safety net for middle class people and that includes health, trying to figure out college, help with Health Insurance, help with these things that are a problematic for ordinary middle class people. The wealth gap kpeeeeps expanding. You keep looking at it across different groups of people. Whites have seen their net, their wealth, Family Wealth including house and everything down by 15 between 2009 and 2012. When you start to look at different groups its down 40 for asians. Its down 55 for hispanics. Its down 43 for blacks. And remember that youre talking for blacks, for black families the average family net worth including the equity in your house is 6,300 at the moment. Thats over six years. About four years. Wow. Back to the question i asked. Excuse me, joe. Go ahead. No, i was just thinking, wow, Mike Barnacle will have a great question here. No. Corporate profits are at a record high. Correct. What are they doing with their profit . Mostly in cash. They do some investing. They are reluctant to invest in america because consumers dont have the money. And because they see nothing happening in washington that they can predict around. Business needs some certainty. They need some predictability. If congress is appropriating money two months at a time its very hard for businessmen to plan. And our tax policy is screwed up. This is something i allow progressives are going to be horrified. We do have an offshore problem. Apple has Something Like close to 100 billion offshore and not bringing it back into the United States and investing it here because they have to pay 30 on tax. We have to deal with the tax laws whether we like it or not. Howard, how would you get all that money back . I would lower the Corporate Tax rate as some republicans are suggesting but make it revenue neutral. They need reasonable thoughtful Corporate Tax policy and then on a one time basis or maybe not even a one time basis make it inexpensive for them to bring that money back in the United States as long as they invested it in job producing facilities. Shareholder dividends im not interested. The Corporate Tax code, the rate corporations pay has dropped by half because of offshore stuff but requires International Corporation as well. Governor howard dean, well let you go read the hate mail from progressives. Coming up next, lessons from detroit. The new issue of Time Magazine examines what the motor citys bankruptcy can teach the rest of the nation. Executive editor of time is here to reveal the new cover. Youre watching morning joe brewed by starbucks. [ tap ] [ tap ] cause tonight [ tap ] well share the same dream at the dark end of the street you and me you and me you and me you and me wait a sec i found our colors. Weve made a decision. Great, lets go get you set up. You need brushes. You should check out our workshops. Push your color boundaries while staying well within your budget walls. I want to paint something else. More saving. More doing. Thats the power of the home depot. Refresh your home inside or out with behr premium plus ultra. Interior flat starts at 31. 98 a gallon. Welcome back to morning joe. With us now, Time Magazine executive editor michael duffy. Hes here to reveal the latest issue of Time Magazine and, michael, its timely. Everybody is talking about it. Its easy, for some people to say ive read about detroit before but how this city goes into and comes out of its bankruptcy proceedings over the next, you know, year and a half, two years and stuff happening every day has a huge impact on how other towns, municipality, counties, cities, are going to handle their own credit problems from chicago to North Las Vegas all over the country. Michael, its not just the big cities, michael, of course as we all know. Its the federal government. Its the state governments. Its the local governments. Its also private companies. Everybody in america right now is facing a crisis. All these different entities because of pensions, because of retirement. Its just demographics is destiny and demographics is blowing up in detroits face and everybody elses. Cities have a particular problem and to some extent states which arent allowed to go bankrupt with Public Employees and the commitments they made to cops and firefighters and teachers and other kinds of folks who work for the government. Its a huge part of the workforce in a lot of states. And they are all going to have to think hard about what kind of commitments they can keep going forward, whether they need to restructure. Some places will have to do it. Others will be fine. But how detroit particularly handles its burdensome responsibilities especially financial be markets that are the banks of these cities. Stroit is an extre detroit is an extreme example. They are just so bankrupt, they are so insolvent. They are is canary in the mine shaft. The problem is real and severe but the problem could be addressed if people over time are willing to start to make the changes on both sides both by funding these plans better and dealing with excessive benefits. Its important also to realize city finances arent the same as city economies. A city can be managed like a company but the surrounding region is actually be healthy. A lot of cities that arent on the bubble are at an advantage because the economy is better. What are the cities . Chicago. It has fairly large pension responsibilities. It has as steve says has great advantages. The economy is great. Philadelphia is looking at the same thing. Couple of towns and cities. Stockton, california. Whole state of illinois has funded its pension plan by 45 . Its basically an intergenerational thing. There are a lot of very Creative Ideas that could be applied just to detroit. The people on the right and left you can create one jack kemp style. You can give incentives to immigrants. Move to detroit. There are things on both sides of the spectrum that could be applied separate from the credit problems and pension problems that could revitalize the city. Personally i dont think the detroit problem can be solved without help from the state and federal government. Selfhelp will not work in detroit. Theres not enough left there in terms of an economic base and finances. What happens on the near horizon for retireees. Public employee pensions. What happens to their checks . Nothing immediately. Yesterday was a very important day in detroit. Federal bankruptcy judge said all the appeals to stop this process and stop any reductions at the moment have to go away. The judge essentially did the brave thing whether youre a laborer, former Public Employee or a Municipal Bond correctedor, bond holder we wont let you slow this process down. Were going to move this quickly as possible. In a city like detroit that was big news and suggests they are going to move quickly. Steve, what can be said to a cop or a firefighter or somebody who took a job that had hazards with the understanding that there would be some return on the back end if i serve 25, 30 years on this job ill be taken care of, my pension and health care i paid into it. It was part of the agreement that i entered into. Now im not going to get at least half of it in some cases. What do you say to that man or woman . Theres two schools of thought. Conservatives would say you never should have asked for that. Your union should never have demanded those kind of benefits. They were unsustainable. This is as much as the unions fault as the governments fault or the citys fault. The other side of the government is what youre seeing the people the deal Public Employees made at least for most of time they got paid a bit less than the privatesector but got these early retirements and generous retirement benefits. We have to meet in the middle. The short answer there has to be some hair cuts to these pensions and more importantly, more significantly to the health care, but what detroit has proposed is so draconian i cant imagine it going through this way. Another topic you tackled men behaving badly. Obviously pegged to Anthony Weiner, elliott spitzer, et. Al. The mayor of san diego. Hes feeling the west coast is a little ignored. He has a pretty interesting approach to it. Im not going to sit here and describe it for you. Hes been accused both anonymously and publicly for harassing women physically and verbally. And lets not forget the governor of virginia to wake up this morning he took half Million Dollar worth of gifts from one of his donors. Its been rush week for bad politicians. Governor mcdonnell returned the loans and apologized. A look at some other big stories making headlines including new details in that deadly train crash in spain. Morning joe will be right back. It starts with little things. Tiny changes in the brain. Little things anyone can do. It steals your memories. Your independence. Ensures support, a breakthrough. And sooner than youd like. Sooner than youd think. You die from alzheimers disease. We cure alzheimers disease. Every little click, call or donation adds up to something big. All your important legal matters in just minutes. Protect your family. And launch your dreams. At legalzoom. Com we put the law on your side. And launch your dreams. Happy birthday its a painting easel the tides coming in this is my favorite one. Its upside down. Oh, sorry. woman vo it takes him places hes always wanted to go. Thats why we bought a subaru. announcer love. Its what makes a subaru, a subaru. Your skin can grow more beautiful every time you wear it. Neutrogena® healthy skin liquid makeup. 98 of women saw improvement in their skin. Neutrogena® cosmetics. Lets take a look at some of the other news making headlines today. Trayvon martins father is takes his message to congress. Hes calling for an amendment safeguarding young people against the circumstances that resulted in his sons death. Martin says it would be a fitting legacy for his son trayvon. He received a stand ovation from the audience assembled by the congressional caucus on black men and boys. The final victim hospitalized after the boston bomb is back home. He hadnt been home in 100 days pep suffered severe burns and shrapnel wounds when the second bomb went off that day. He lost his right leg below the knee. Hes undergone 49 different surgeries. Now hes home with his fiancee and young son gavin. The death toll up to 77 people after a highspeed train crashed in spain. New Surveillance Video just into msnbc shows the train traveling at a high rate of speed coming around the curve. And slamming in to a retaining wall. What remain was a pile of wreckage, cars strewn all over the place some of them on fire. Crews tried hoist victims out through broken windows. Recovery operations carried on through the night as teams searched for more victims. Coming up next in the age ever internet and smartphones nafgss can spread like wildfire but there are good ideas that take years if not decades to catch on. Our next guest explores why when morning joe comes back. Thats me. I made you something. I made you something, too. See you next summer. [ male announcer ] get exceptional values on the highest quality cars at the summer of audi sales event. At the summer of audi sales event. This man is about to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fifty thousand dollars. Congratulations you are our one millionth customer. Nobody likes to miss out. Thats why ally treats all their customers the same. Whether youre the first or the millionth. If your bank doesnt think youre special anymore, you need an ally. Ally bank. Your money needs an ally. [ agent smith ] ive Found Software that intrigues me. It appears its an agent of good. [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] welcome back to morning joe. Its 7 39 now here on the east coast. Joining us on set the host of the critically acclaimed way too early Brian Shactman and from boston, professor at Harvard School of public health, the author of the checklist manifesto. In the latest issue of the new york he writes a piece titled slow ideas some innovations spread fast so how do you speed the ones that dont. He writes many important but stalled ideas attack problems that are big but invisible and making them work are tedious if not outright painful. To create new norms you have to understand peoples existing norms and bar towers change. In the era of the iphone and twitter weve become inamored of ideas that spread as effortlessly. We prefer instructional videos to teach edrones to troops, incentives to institution, people and institutions can feel messy and they introduce uncold variability. Every change requires effort and the decision to make that effort is a social process. Good morning. I dont know if theres much left to say. Good to see you. Thanks for having me on. Joe has a question four. Mike barnacle, we want instant, you know, we want everything instantly. And in our society thats just the way its been. Bruce springsteen wouldnt have been around today because he had a couple of albums that didnt sell too well. Innovation. We want everything instantly and sometimes its just going to take time and its going to take effort and patience for some of these ideas and solutions to develop. Youre right, joe. We live in a culture where people beat their horns at the drive through window at mcdonalds because its not going fast enough. But, doctor, your piece in the new yorker harkens back to something thats been going on since the time of life began and its the fact that we neglect sometimes things that occur right in front much us as learning tools, touching people. And birthing people and mothers having children and children being brought close to the mother after birth to warm the child, things like that, that are sometimes ignored. Its a Pretty Amazing piece that youve written. The obvious right in front of us. Yeah. I take the example just take hand washing. When it was discovered in the middle 19thcentury you could cut deaths in surgery 50 if you had people use antiseptics but took a generation to catch on. It wasnt instant lly gratifyin. Stopping an ineffections people wouldnt do it. Now what we miss is that you can, infact, speed these kind of changes and you hit on it. The core of it is its not because you got another technology and its not because you ran another ad campaign, its people talking to people. They are the force of changing norms and standards. And we miss that. This is why campaigns still go doortodoor. Why Companies Still have sales forces. So lets put it in the practical then. Obviously youre a doctor and we have Health Care Reform some of it modeled on what has happened in massachusetts. Do you apply the same theory and concept to obama care . Well, its a classic case, right. Here is a policy that is not going to have instant gratin gratification. Its the dynamics of program without instant gratification. You have a grouch people who want to stop it and so you try to stop the early adopters from seeing it. So you try to strip out the funding. You try to change the marketing and the perception of what the program might do. And you try to get republican governors to refuse to cooperate. The flip side of it is the democrats see if you can get the early adopters, 10 to 15 of people to get benefit from it, you get the chance for to it really take hold. Seen its this race against time. You have 10, 11 states that are committed to making it work and a lot rides on how well it goes in those states like california, like new york. Can it be like in massachusetts where, you know, identify been here seven years practicing surgery, im a cancer surgeon. At the beginning of my practice 15 of my patients were uninsured. I havent seen an uninsured patient in seven years. You think it will work . If given the chance if you can get the foot hold in 10, 11 states where you make it work and get people talking to people, and people saying well i got something out of this, then you start to see the dynamic change. But its that battle until then. Its not until the fall you start seeing people even being able to say that to one another. Doctor, in the larger context of the new york piece i get the impression and correct me if im wrong that you as many people are concerned about the notion that we might be approaching an era of no eye contact. People walk around looking at these instrument wes have access, to iphones and things like that and yet you have an anecdote you point out in the piece about a brewing salesman in the hospitals, not only eye contact with physician, the customer, but knowledge of the physicians family life and balance the two out for us here. Yeah. I mean, how do you change how a doctor prescribes their drugs. You have to have a facts. That gets you so far. Then they have the rule of seven touches which is you got see the doctor one on one, seven times. You got to touch them seven times before they begin to talk to you, before they begin to trust you. Thats why they bring their free samples to the Doctors Office in person so they can say hey how did debbie do in that soccer match. Then you start to see the change. We started applying this. We had two states where we were putting in a change, a simple checklist for surgery that could cut deaths anywhere from 25 on up. In Washington State they started off with a payment incentive and what you saw was lots of people getting incentive and filling out tick box. When we visited hospitals there wasnt a lot of change. In South Carolina we have a project where were serngd information talk to every surgeon in the state and were seeing remarkable changes in the practices, its accelerated enormously and now were measuring reductions in infections. People say thats not scaleable but were scaling it. Doctor, thank you so much. We greatly appreciate you being here. The article in the new yorker, absolutely fascinating. Mike barnacle, let me go to you as were talking about the changing technology. Have you experienced you probably havent experienced this yet but we moved to a new town a couple of years ago and you have to go through going to new Doctors Offices and finding thing right pediatrician and we noticed in a lot of Doctors Offices there were younger doctors there and talk about making the eye contact thats so important and getting to know them and getting to know them personally getting that sixth sense about whats wrong. A lot of young doctors would be talk, asking questions typing into their computer never making eye contact with you or your kid. It was unbelievable. Yeah. Well i mean they should all watch robert diniro. Look at me, look at me. The doctor pointed out, obvious, obvious things. Campaign workers go doortodoor to establish human contact with a potential voter. Hospitals, Doctors Offices if you have eye contact from your pediatrician or internist youll feel more comfortable with whats going on. You got a big problem with your liver. Hes looking at his iphone thats a different thing. Interesting piece. Its in the new edition of the new yorker. Well host an exclusive conversation later today to dig deeper. Visit afternoon mojoe to learn more about his thoughts. Coming up next from the new usa series graceland. Youre watching morning joe provided by starbucks. [ kitt ] you know whats impressive . A talking car. But ill tell you what impresses me. A talking train. This ge locomotive can tell you exactly where it is, what its carrying, while using less fuel. Delivering whatever the world needs, when it needs it. After all, whats the point of talking if you dont have something important to say . If you dont have something important to say . A quarter million tweeters musicare tweeting. Eamed. And 900 Million Dollars are changing hands online. Thats why the internet needs a new kind of server. One thats 80 smaller. Uses 89 less energy. And costs 77 less. Its called hp moonshot. And its giving the internet the room it needs to grow. This. Is going to be big. Its time to build a better enterprise. Together. Morning, charles. Its useless. Hes apparently a white argentinean who kills with a look and pisses fire. I cant even find any solid intel on him. I have a dealer. I think i got to wait for everyone to win here. Charlie, you got a supplier without a face. Mikey, you need a guy who needs heroin. Did you miss the part where i cant actually find him . Charlies not going to show his face for some junky on the street. You want him to reach out . He gets his stuff from the cozy cartel. Hes not going to want them to know hes looking for a new supplier. Thats why hes going to use a middle man. Me. That was the scene from the new usa series graceland. Joining us now, two of the shows stars, aaron tveit and daniel sunjata. Narcotics agents, very dark. A little dark, undercover agents from the fbi, dea and customs living in a safe house together in southern california. There was a real house from 1991 to 2000 in Manhattan Beach that also housed these agencies from, you know, agents from different agencies. Thats basically where it then veers off into fiction. The kind of idea of this house was the true story part. Im always curious when you go in undercover and you get in these situation, what happens to all the other externals in your life . When it comes to hollywood, you dont get a sense of its kind of intense and amazing to be so immersed in something but its almost unrealistic. Theres got to be tentacles of your life outside of that house. Yeah, i would think for a reallife agent. For actors, our shooting schedules are so intense, its like, gee, i need to pay my cell phone bill, probably should call my dad. So you have tentacles of your life that exist outside your life on set but your life on set is so consuming. You guys can probably understand. Dont you guys kind work a 24 hour news schedule . Oh, my gosh, sometimes its so intense. Live and tape. In our show, we touch upon that a little bit, that basically this become, their life. And almost because you cant you know, because of the nature of the work theyre doing, they cant really share everything with the other relationships in their life. Their new cant really know what theyre doing at work every day. And thats a real challenge to your sanity. Compartmentization. I cant tell the people that are closest to me really what i really do for a living. Is that the challenge of these roles . What do you like as actors about these specific roles that you play . Besides the fact that its work . I got that part. Yeah, thats always good. No, the nature of undercover work is basically putting on and almost playing a character. So as actors, we kind of get to do that and layer that on top of each other. Theres also this element where if youve been watching you see my character, mike, is investigating daniels character, briggs. Even though hes my training agent, im also trying to keep tabs on him. So theres all these different layers and these Different Things were putting on so its constantly interesting. None of the characters are really like one note. One of the things i love about playing briggs is hes got so many things going on. It got to be a little bit difficult about three or four episodes into the season, trying to keep track of what each character did know and didnt know and what all the kind of the dovetailing subplots got a little bit confusing even for me so i had to consult jeff easton, the creator of the show, just to reorient myself. Mika and i have both done, you know, different combinations of anchoring and reporting and you have favorites. You both have strong broadway backgrounds. I like to ask this of various people when they company e in. Do you want to go back to broadway . You did rescue me as well. An incredibly successful series. What work is most fulfilling to you . You see so many stars going back to broadway now. Theres something about the stage you kind of cant get anywhere else. It almost becomes like a high because the interaction with the audience is something you cant find. We shoot the show and we finished in march. When you see a movie, you might see it a year later. When youre on stage, you literally get this response from the audience. Theres so much energy being exchanged in that room that you kind of cant find it anywhere else. Theaters in my opinion the hard et thing to do so theres something of a challenge with that. Youre the most accountable, thats for sure. It lives and dies with you and theres no second take. Thats right. Gentlemen, thank you so much. You can catch graceland thursday nights at 10 00 p. M. On usa. Aaron tveit and daniel sunjata, great too meet you guys. More morning joe in just a moment. t know where to start. 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I want to take care of it. I have a bad wheel i must say. My car is running quite well. Keep your car healthy with the works. 29. 95 or less after 10 mailin rebate at your participating ford dealer. So you gotta take care of yourself . Yes you do. You gotta take care of your baby . Oh yeah good morning. Its 8 00 on the east coast, 5 00 a. M. In the west. Back with me on set, mike barnicle, Nicolle Wallace and Steve Rattner. Another highprofile train accident takes 77 lives. And closer to home, congressman king stands by his comments comparing immigrants to drug mules. Despite being under withering attack from all sides. Trayvon martins father on capitol hill yesterday. And Edward Snowden still playing tom harng hanks stuck in a russ airport. The last injured victim from the april bombing is going home. You asked for it, we got it. Swedens answer to the Anthony Weiner scandal. Plus, more difficult polling for obama care. As the administration keeps talking about fake scandals. Willie geist, that is a great place to start. Because the president went out yesterday on a speech that was ill tell you what, it was more like a Campaign Speech than an economic reset. As dana millbanks said, hes given this speech before. President obama will head to florida to continue selling his economic policy, to the public. Yesterday, the president in illinois and missouri urging the public to avoid the rhetoric of the right. Saying they should focus instead on improving the lives of middle class. We now need to get back and focus on whats important. An endless parade of distractions and political posturing and phony scandals cant get in the way of what we need to do. And im here to say its got to stop. Weve got to focus on jobs and the economy and helping middle class families get ahead. And if we do that, were going to solve a whole lot of problems. Ive got 100 ive got 1,267 days left in my presidency. And im going to spend every minute, every second, as long as i have the privilege of being in this office, making sure that im doing every single thing that i can. So that middle class families, working families, people who are out there struggling every single day, that they know that that work can lead them to a better place. Hey, jim vandehei, im just a little confused here. Whats the president trying to do . If hes trying to elect democrats in 2014, then he can check that speech off. If hes trying to get things done in washington, thats a complete failure of his speech because it sounds like a Campaign Speech. Doesnt matter whether the republicans deserve it or not. The fact is, his Approval Ratings are down. Congress Approval Ratings are down. Americans want things done. And pointing your finger at the other side doesnt get it done if youre president of the United States. You know, his aides tell us what hes trying to do is get his groove back. Theyre in a slump, theyre having a hard time breaking through on any issue, so he wants to go out and talk about the economy. So this is more to set the mood . What else is he going to do right now . He cant do anything. Theres nothing he wants to do that can get through this congress. The president cant figure out a single thing that he and the republicans can agree on . I dont know what congress youve been watching. What is he going to get through, joe . Liberal democrats in the senate okay, so nicolle, hold on a second, ive got a question for nicolle. Yes, joe. It is not like this Republican Party in 2009 supported tax increases. Its not like this Republican Party in 2009 when he became president supported higher regulations. Or bailouts. I mean, everybody acts as if this group of republicans in the house were transported from mars to america in november of 2010. Its not like he couldnt see this coming. So all of this talk about, theyre the most radical. No, no. When reagan was president , the press said he was the most radical right wing president and Everybody Loves him. When we were in office, everybody said we were the most right wing radicals ever. Now everybody said you guys were r reasonable, you worked with bill clinton. What do republicans stand for today that they havent stood for for 100 years . Thats tied my brain in a knot and im not adequately caffeinated to answer that one. But obama has some opening, to form alliances with republicans on immigration. He had an opportunity with senator tom coburn to do something huge on tax reform. Its not like obama hasnt slammed the door in the face of republicans who have been willing to form coalitions with him. He just passed an extension of his nsa phone monitoring program. Its not like there are there are not a wealth of republicans who are coming forward to sign on to his agenda because his economic agenda hasnt worked. The wall street journal has a brilliant editorial today saying that no president has done worse by the middle class than president obama. So i think republicans are wise to stay away from his economic policies. But this president has not had a lack of republicans who have been willing to band with him on issues like tax reform. Hes got tom coburn on immigration. Hes got john mccain. There have been republicans willing to form alliances with this white house to get things done and that is simply not in this president s dna to do that. Let me finish, let me finish the president s party runs everything. They run the senate, they run the white house. The president s party if only they ran everything, then we might actually they run everything for nicolle, youve got a house of representatives that just passed a spending bills budget you ask is this more radical than anything in 100 years . The house republicans, the paul ryan budget policies, the heart of any economic problem, are more radical than anything thats been passed in the last 100 years no, no, no, no. Yeah, but paul ryan is the perfect exam steve ratt rattner, i will gu clippings from 1996, 1997, that were saying the same things then that youre saying now. You know what bill clinton did . He sat down with us and he said, im going to swallow a lot of things i dont want to swallow politically and you guys are doing the same thing and we came to a budget agreement. There was a lot of hatred. A lot of acrimony. A lot of yelling. But bill clinton knew, i have no choice, they own the house of representatives. Theyre carrying the checkbook. This is my greater frustration. Theres blame to go around on both side sides. Republicans in the house want to see the president fail. Thats fine. But they are in the house. Theyve got the checkbook. They and the senate i think are going to start feeling the pressure too. Theres got to be a deal that can be made out there somewhere, steve. Well, i love there to be a deal that can be made out there. We can debate what went on be in 1997 and youre right, there was a deal. The deal made in 1997 makes what the republicans are proposing look like something that goes back to the 19th century. No, no, but steve, i dont this is the last thing ill say and then you go. Thats just not true. We abolished in the house, we passed legislation to abolish four federal agencies. My plan to abolish the education bureaucracy in washington, d. C. The department of education passed through john kasichs budget resolution. These republicans are proposing nothing. As dramatic, sweeping and radical as we did back then. And we still got to a deal. Right, but right now you have a speaker of the house, and im not saying this critically of him, who cant bring his members along. You had a you had 98 of the bush tax cuts made permanent at the end of the last year without a majority of republican support. Because he could not bring the people from or the ideological purists along. We can debate this all day long but the fact is its not just tom mccain, theres a lot of people to deal with. This congress as you know has done nothing. If you were to look back to 2007 which is only, what, six years ago, by this point in time, the congress had passed 48 pieces of legislation. This congress has passed 19 pieces of legislation. Theyre not doing anything. Jim, lets talk about the substance of the speech. Forget the politics for a moment. Was there anything in there . We knew there wasnt a lot new in that speech. Was there anything in there, anything significant that there could be some movement with republicans on . Did he introduce a new approach at least to something . On almost nothing, no. Heres the fundamental problem. You have a president that is decidedly to the left of bill clinton. I disagree on this. This house of representatives is much more conservative than the one he served in. When joe was in congress, there were 45 selfdescribed moderate republicans. There are probably two in this house of representatives. When you talk about deals that can be had with a tom coburn, with a john mccain, you keep mentioning senators. If we had the senate and the presidency is all of this stuff can get done. It is the house where you cant get stuff through. Some other news here in new york city. Lets just start right there. Theres the New York Daily News. Subtle this morning. God help new york if hes mayor, says the New York Daily News. Back out on the campaign trail. Anthony weiner is being dogged by journalists and by the competition. The circus that former Congress Member weiner has brought to the mayors race in the last two months has been a disservice to new yorkers. I have posited this whole campaign on citizens are more interested in the challenge in their lives than anything embarrassing ive done in the past. Im fine. Ive got an amazing wife and child upstairs. I have a comfortable life. This is not about me. As he tries to refocus his campaign, there are new suggestions the worst is not yet behind him. In an interview with the New York Times, the website editor behind the new disclosure suggests there are more revelation, to come. But its still unclear what the fallout will be on the democratic primary which is still a month and a half away. The latest quinnipiac poll taken before the scandal broke shows weiner on top. This is before the latest revelations. In a runoff, the poll projects that thompson would beat weiner by 11 points and Kristin Quinn by nine points. Steve, this is kind of a feel story for new york city. If youre in a cab, as i was yesterday, and all these revelations are coming on and the cab driver is laughing out loud and shaking his head, does new york city want its mayor to be a laughingstock . I think thats a big question they have to answer for themselves. First, i have various dogs in this fight. I am friends with huma, i think shes terrific. Im also an adviser of chris quinn, who i think is also terrific. Look at you hedging your b t bets. Very republican of you, steve. Look, i just dont think that anybody votes for someone. Theres an old saying in politics. If you end up being the butt of latenight jokes, its hard to get elected. I think unfortunately what has happened here is just beyond the pale, othver the edge. I cant imagine weiner is going to survive in this campaign, let alone get elected. Those polls are very hard to make any sense of. Theres a lot of name recognition. The race is very fluid. The race is really not going to include Anthony Weiner when it is all over. Lets take the internet out of it for a second. This guy is a predatory flasher. I think if people started looking at his behavior as a more simple act of truly Walking Around the country and flashing women, that it becomes clear to people. It is i have talked to more democratic female friends of mine in new york city who are flabbergasted that he continues to be covered as a serious candidate. What hes done not just to his wife and son but what hes done to all these women who were willing participants and i dont foe what theyre called, sexting, sex conversations online, whatever oh, stop that, dont pretend i think he makes a mockery out of his entire orientation as an online flasher. He makes light of it, says thats in my past, nothing to do with me. Character is absolutely essential. These are things he did on the job. Remember, he did this after he resigned, after he confessed to his wife, after they went to therapy, while doing interviews about how much he had changed his life, so who really think, that is the only episode thats going to come to public now or in the future. How to invest in your familys future. Plus, what can go wrong. Up next, chuck todd joins us with new poll numbers from nbc news and the wall street journal. First, a look at the forecast. In my world, you get the tornado season, a little break, and then eventually Hurricane Season approaches. Weve been in it since the beginning of june. But when you really get to the peak months, august, september, october, is when you get the big storms. Were heading towards august. Its no surprise were tracking one out there. This is dorian. Tropical storm well out in the atlantic. Unfortunately, the forecast does take it in the general westward direction towards either the caribbean or possibly the east coast of the United States. Were going to have to watch this one as we go throughout the weekend. At this point, its too early to say whos most at risk. It looks like the storm will head over very warp water in the general direction of the turks and kcake cos island of the bahamas. Intensity forecasts are always very poor this far in advance so we need to get our preparations done just in case. You should have those preps done anyways as we approach the peak of the season. As far as the forecast for today, enjoy the break from summer in the northeast. Watch out for those storms today. Oklahoma and especially kansas later on this evening. Heres a look at new york city. What is going to turn out to be one of the coolest days of the summer. I think farmers care more about the land than probably anyone else. Weve had this farm for 30 years. We raise black and red angus cattle. We also produce natural gas. Thats how we make our living and thats how we can pass the land and water back to future generations. People should make up their own mind whats best for them. All i can say is it has worked well for us. Wi drive a ford fusion. Who is healthier, you or your car . I would say my car. Probably the car. Cause as you get older you start breaking down. I love my car. I want to take care of it. I have a bad wheel i must say. My car is running quite well. Keep your car healthy with the works. 29. 95 or less after 10 mailin rebate at your participating ford dealer. So you gotta take care of yourself . Yes you do. You gotta take care of your baby . Oh yeah as a royal watcher, i know that will and kate are huge fans of seinfeld and clearly named the baby for George Costanza whos played by Jason Alexander and julia louisdreyfus. Very popular show. Because just like seinfeld, the english royal family is really about nothing. Welcome back to morning joe. Glad to have you here with us. Chuck todds here as well. Chuck, maybe were look being a little tough on the president. Just tell me what new what did you hear yesterday that was new . Because, you know, the white house and the websites, everywhere else was, boy, you got to watch this speech, its going to be big, will pivot to the economy. What new did you hear yesterday . I didnt hear anything new. I remember asking this very question. I always say, remind people the first three letters of the word news is new, right . The News Organization is charged with telling you whats new. This seeped more of a tactical speech. It was it certainly had depth. It certainly covered a wide range. What i found interesting about it, it wasnt just about the economy. He spent a great deal of time about health care. And rightfully so. Hes got a big challenge ahead of him. If youre looking for the new, no, there wasnt new in there. They kept saying there wasnt going to be new. They were sort of ratcheted back those expectations. What i get the sense is, you know, this is a white house that seems stuck a little bit. This has been a rough seven months for them. The second term has not gone the way they thought it would. The fever did not break as the president said. I think they felt i think the president needed to do this. I think he needed to go in front of crowds. I think he needed to reenergize himself. I think the white house needs to feel reenergized. They just feel flagging. I dont know how else to describe it. Yeah. It is so frustrating. Just imagine, youve been fighting for four years to become legitimized in the eyes of your opponents. You get reelected. You get reelected pretty handi handily. It is terribly frustrating not just for this president but certainly for the last and for bill clinton as well. Reelection does not legitimize you in the eyes of your most vocal opponents. Its got to be frustrating as hell. David millbank wrote about the speech in the washington post. He said, a warmedover jobs message. Even a reencar nated steve jobs would have trouble marketing this turkey. How can the president make news and remake the agenda by delivering the same message he gave in 2005 . Hes even giving the speech from the same place, galesburg, illinois. White house Officials Say this will show obamas consistency, yes, but it also risks sending the signal that just six months into his second term obama is fresh out of ideas. Theres little help of Getting Congress to act on major initiatives. And little appetite in the white house to fight for bold new legislation. So the president it seems is going into reruns. Chuck, americans are so depressed. Your nbc news poll shows this yesterday. Congress, all time low ratings. The president s poll ratings, lower than theyve been. Washington, d. C. Does not work. Theyve got a guy running it that doesnt know how to make it work. And maybe nobody is big enough to make washington, d. C. Work. I dont believe that, but it certainly is depressing right now. Joe, the great promise of obama was what . He was going to after 16 years of divisive politics from clinton and bush, right, we were there was sort of everybody was worn out. In fact, the whole turn the page mindset was about the baby boomers and the fights that the baby boom generation has been having for 40 years. Whether it was on social issues. So the great promise of obama was were going to turn the page from that jeb ratigeneration. And we wonder, is somebody going to walk in chuck let me finish. Is somebody going to walk into the president and say, you know, remember why one of your great applause lines, one of the reasons a lot of people flocked to him in 08, was this idea of breaking this fever in this town. And now he risks being just now part of a 24year cycle. Three straight terms of just this divisive dysfunctional political system here in washington. What is he going to do to shake this up . What is he going to do to change up his lineup . A baseball manager would pull people out of the lineup, shake things up. Theres all sorts of things. Do Something Different than give a speech that you gave eight years ago. Look, a lot of republicans would love to yank president obama out of the line young. Barack obamas major problem to me is that he acts like he is a victim, a powerless victim, of a town and a government that he presides over. It makes me crazy. He sounds like he needs, you know, a blanket and a support group. But he runs washington, d. C. Theres plenty he could have gotten done and he can still form some interesting alliances and get important things done. The fact hes trying to give a speech hes given countless times at a place where hes already given the same speech is ridiculous. Its not just republicans who think so. His coalition is officially shattered. Really, the only people who still like him are the ones who are his sort of hardened base. Even they would love to see him get something done. Youre a republican who worked for bush. Im a republican. Why dont we have you just say what actually agree with nicole or disagree with nicole. By the way, this didnt start in 2013, it started in 2009. Democrats are extraordinarily frustrated with him. Weve said this before, but weve got a country to run and weve got three years left. We got to run this country. We got to fix these problems. We got to get people back to work. We got to get america moving forward again. He promised not just in 2008 but in 2004, in an extraordinary speech, to be a guy that didnt see a red state america or a blue state america but instead a guy who saw the United States of america. Im not seeing that guy out on the campaign trail. Well, its sort of get caught trying to be that guy. I think thats what the message here. What nicolle, its funny you say that, i actually feel that way about boehner and obama now. They both raegularly they cie the same problem. Boehner does it in a different way because of his own politics but they cite the own problem. Theres only so much i can do in the house. Theres only so much you can do with these house conservatives. Theres not a leader here in washington who seems to be comfortable leading. Theyre all talking about sort of the circumstances that theyre fallen into. Gees, they dont know how to govern these Tea Party Conservatives boehner runs a caucus of people who were elected by their people. President obama runs the government. They all work for him. Look, at some point, someones got to wake up and say, whos going to run washington . John boehner says, im not doing it. Hes letting the house run him. He said, im not going to tell you my position on immigration, which is just sort of stunning to me. And then president obama is too often citing this sort of resignation of just, well, those guys wont do anything, theres only so much i can do. If Congress Wont do it, ill do what i can around them. Dont get, you know, he shouldnt be he shouldnt stop trying to brow beat congress. Trying to brow beat them, trying to work with them, all these things. You just get the sense there is sort of an exchange maybe in the west wing with it. Again, joe, you brought up, you understand it. I mean, it is not easy. This has never been such a more difficult congress to deal with. I think in the house or the senate. Lets not pretend that this isnt hard. This is harder than what previous president s had to deal with. Get caught trying. Lets go back to gingrich and clinton. Who guys who couldnt stand each other. They had crazy people like me, matt salmon, mark sanford, others like that to deal with. Who wanted to shut down the government. Who wanted to eliminate federal agencies. Who wanted to abolish the irs. Thats why when everybody talks about the good old days of the reasonable republicans, they werent really that much different. But gingrich and clinton figured out a way to work against us. In effect, they both triangulated against us, got the middle of the Republican Caucus, and got a balanced budget plan. You have a speaker that doesnt want to get caught trying to talk to the president. He, he doesnt even go to state dinners hes invited to because he thinks it may hurt his street credit cred. Youve got a president that doesnt want to get caught dealing with republicans in a way that will offend his own sensibilities. So what happens . Nothing happens. Im not laying this at the feet of anybody. I just think weve got some leaders, mike barnicle, in washington, d. C. That should call bill clinton in and talk to the guy nonstop and summon the government of Ronald Reagan, read some history books and figure it out. Please dont tell me it cant be done. Thats just garbage. Something can get done here. But weve got to have leaders, as chuck said, who get caught trying to get people back to work. We have an occasion this morning where the president of the United States whether he gave the speech in 2005. He gave a major speech on the economy yesterday. Its not on the front pange of the New York Times. Maybe it might be time for a Michael Douglas moment for the president of the United States to get in the car and grab someone and say, i april tm the president of the United States. Maybe thats what its going to come down to. Chuck todd, thanks. Well see you at 9 00 on the daily rundown. Up next, the problems with inherited wealth. Jay fielden is here with town country. Back in a moment. Im part of an american success story, that starts with one of the worlds most advanced distribution systems, and one of the most efficient trucking networks, with safe, experienced drivers. We work directly with manufacturers, eliminating costly markups, and buy directly from local farmers in every region of the country. When you see our low prices, remember the wheels turning behind the scenes, delivering for millions of americans, everyday. Dedication thats the real walmart im gonna have to ask you to power down your little word game. I think your friends will understand. Oh. No, its actually my geico app. See . I just uh paid my bill. Did you really . From the plane . Yeah, i can manage my policy, get roadside assistance, pretty much access geico 24 7. Sounds a little too good to be true sir. Ill believe that when pigs fly. Ok, did she seriously just say that . Geico. Just a click away with our free mobile app. Bjorn earns unlimited rewards for his Small Business. Take these bags to room 12 please. [ garth ] bjorns Small Business earns double miles on every purchase every day. Produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less . Ahh, oh [ garth ] great businesses deserve unlimited rewards. Heres your wake up call. [ male announcer ] get the spark Business Card from capital one and earn unlimited rewards. Choose double miles or 2 cash back on every purchase every day. Whats in your wallet . [ crows ] now wheres the Snooze Button . Welcome back to morning joe as you take a live look at washington, d. C. Lets bring on the editor of town country jay fielden. The latest issue features the inheritance guide. He writes, always comes with a number welldocumented perils. In an article titled why most families lose their wealth by the Third Generation, Financial Planner tim vorhees argues that the biggest trouble with inherited money is it often i inflicts its beneficiaries with a profound lack of purpose. Growing u, i always looked at these kids that lived in big houses and their parents drove big cars and of course growing up youre like, gee, why didnt i draw that Lottery Ticket . The older i get, serious, the older i get, the more i go, thank god i drew my Lottery Ticket. Which is i had to work my ass off for 25 years youre going to give the inpression you dont have to work too hard ive actually ive worked my 25 years, okay. Thats really unfair. But we see it time and time again with these people that have inherited great amounts of wealth. They have this lack of purpose. Depression. And sort of just wander through life. Look, when we decided to take this topic up, one thing we decided to do is identify those areas in life that give the rich profound anxiety. If you can imagine such a thing. Inheriting money or passing it on is one of those things. I think for, you know, the 9 million millionaires in this country, this is a subject they think a lot about. For those of us i think most of us here at the table who dont have that problem, its interesting to watch. Americans are very interested in, you know, what it is to create a dynasty and pass it on. We love the kennedys. We love the rockefellers. Et cetera. One of the great but jay, the rockefellers obviously had enough money to do this and they figured something out. Yes. But again, most of these fortunes lost by the Third Generation because the second and Third Generation have a lack of purpose. They dont continue doing what made their family rich in the first place. Thats right. I think, you know, the great thinker on this is Andrew Carnegie who was a scot who moved to america. Made it all himself and was very reluctant to give it away when he died. He wrote a famous essay about wealth thats basically been the blueprint for other big families to be philanthropists. Buffett is kind of the modern day example. He said publicly hes not really passing on much of his wealth. Theres a funny example of his daughter would has said, you know, shes hes been so principled about this, that, you know, i cant even get him to lend me money to redo my kitchen. Whereas you have other examples, obviously, in the world right now, for instance, a man named Bernie Eccleston who is the ceo of formula 1, very wealthy man, bought his daughter the old Aaron Spelling mansion in Beverly Hills for 85 million. Shes 24 i believe. So, you know, two examples of what to do and maybe what not to do. And we wanted to look at, you know, this having a piece written by, as you said, john leak, who himself admits having inherited a decent chunk of pfizer stock which enhabited him to live a good life in rome right after he graduated from college with me. It also set him up to be a kid that people thought whats he going to do with his life . Hes just living in rome. Hes made it good by becoming a writer and writing two books. But there are others who dont. Theres many examples in here that we go through, here you go, of people who have not done so well. And ended up, you know, killing themselves when theyre young, killing other people. Suing their family. Et cetera. Mike barnicle. I find it awfully difficult, joe, to come up with any s sympathy for the thanks, dad generation with simple i. Q. S. There is over the past 10, 15 years, the dotcom boom, the descendants of the google generation. Theyre going to obviously his children are going to have millions of dollars. What do you do with that money . What do you do to find that internal drive to replicate or do something . Thats the thing i think keep us looking at new money all the tile, right, and looking at carnegie. His money used to company from smoke stacks. Now it comes from technology. For us to think about what are those new generation wealthy people would donwho dont have experience in passing the money down and dont want to ruin their kids lives. I think the smart ones realize money will most likely ruin your kids life. These famous examples of the past of families in america that have done it well, right. Like i say, the rockefellers. The lauders who recently Leonard Lauder gave, collected over his lifetime a remarkable, remarkable art collection. When i say remarkable, i mean historically valuable. And hes given to the met. Its worth Something Like 1 billion. That is something worth giving back. Thats a good example. Jay, mick jagger of course. You talk about how mick jagger is an example of somebody whos following the Warren Buffett approach, which is dont pass a lot on. I thought this was pretty charming, right. You might not expect that of him. You might not think he has any real thoughts of what to do with his kids. He has a number of children, right. I think there was a recent thing in the news about his former wife kind of asking him to set up one of his daughters with a house in london. He apparently didnt want to do that. And having been somebody who grew up himself having to make his own way, he think, thats important, that its worth pointing down. Thats an interesting aspect. Some of it obviously is financial wizardry. But maybe a larger element would be just good parenting. Yes, yes. I think thats what buffet and kay graham both go to at the end of the day. You know, whatever youre going to pass down. Whatever decision youre going to make about that trust. When they get it, how much it is, what kind of trust it is. The most important thing obviously is the values youre passing along with it. I think for the older families, they seem to be ones who want to pass on the money in order to provide support for the next generation to oversee the foundations, to carry on the family vision. That would be the rockefeller model. Giving it away. Public interest. Being a part of society. The newer money i think is still deciding. Do they want to give it all away . Jack kent cook for instance who died in the 90s was a kib of carnegielike figure. You probably knew him. He had a famous quote which was destiny demands you do better than your supposed best. We have an example of his daughter who recently got i dont know how recent but got arrested for drunk driving and mooning police and flipping them the bird. I dont know if that was her best or supposed best. Jack kent cook. And bennett williams. They always fought. At one point, a waiter told williams, you got to forgive jack, hes his own worst enemy. Bennett williams looked at the waiter and said, not when im alive. Jay, you always look like a million bucks. Leave your suits to your children. The new issue of to town country. Up next, jobless applications took a big drop last week but in todays report, not so much. Cnbcs kelly evans joins us with business before the bell. Keep it right here on morning joe. Helicopthierhis hibuzzing, andk engine humming. Sfx birds chirping sfx birds chirping sfx birds chirping this man is about to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fifty thousand dollars. 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It has to do sort of with detroit. We know the city filing for bankruptcy. But guess what, Consumer Reports has just named the 2014 chevy impala as its best sedan. It gave it 95 out of 100. Making it the third highest rating its given to a car. The other two being the tesla it gave 99 out of 100 to. And the bmw 135 i coupe. A lot of people think of impala as the uncompetitive model. The agency saying its a thoroughly modern and enjoyable vehicle. Remember, tesla, also an american brand. Again, the magazine saying its one more indicator of an emerging domestic renaissance. This car made outside kansas city not doing perhaps as much as detroit would like for its own renaissance. I wanted to ask where they were making the impala. I didnt think it was detroit. Facebook, i know everyone trades that stock on how their mobile business is. What they say about whether young people are going to other things or what they say about that. What we saw in the earnings yesterday was the company has managed to put in its best quarter yet as a publicly traded company. It looks like the shares could be up more than 20 today. The bottom line from this report at least seems to be that mobile is working for facebook. So broader questions remain about whether the next generation will be as involved. For right now, the strategy is paying off. Cnbcs kelly evans, thanks very much. Brian shackman dropping in the education with eschewing. Wow. Surprise people every now and then. Right back with more morning joe. [ male announcer ] clearly this isnt one of those speedeating contests. Thats a Hebrew National hot dog. A kosher hot dog. That means were extra choosy about the cuts of beef that meet our higher kosher standards. And only a good, oldfashioned slowmotion bite is gonna capture all that kosher delight. And when your hot dogs kosher, thats a hot dog you can trust. Hebrew national. Thats a hot dog you can trust. 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I learned that howard dean is digging himself out from a mountain of hate mail, his own description of what happened this morning, when he told all of us that he supports lowering the Corporate Tax rate. Joe, what it you learn . Unbelievable. I learned that actually swedish politicians have the same problem as Anthony Weiner. That a swedish politician tried to take a picture of his liverpool tattoo on his inner thigh and tweeters got a lot more than they bargained for. Finally the big breakthrough he was looking for. People found out his political leaningings were not what they expected. Mike, if its way too early, what time is it . Ordinarily, time for morning joe. Right now, its time for the daily rundown with our old pal chuck todd. Chuck, take it away. Occupational hazard. President obama continues his job jaunt around the country. New poll numbers on hot button issues like health care, abortion and immigration thats going to fuel the fight here in washington. And by the way, congressman steve king wants to pour some more gas on the fire that he started on immigration. Plus, is edwardwd