Transcripts For MSNBCW Morning Joe 20140514 10:00:00

We look forward to seeing that kick off. Thats going to do it for a wednesday edition of way too early. Morning joe starts right now. The top democrat in the u. S. Senate majority leader harry reid has now mentioned the bill nra Koch Brothers this year more than 140 times. Er in in it to make the money. An attempt to buy our democracy. Its dishonest, deceptive, farce and unfair. It is wrong. Incorrect. [ laughter ] erroneous. [ laughter ] even the keystone debate, mr. President , theyre one of the main owners of all that stuff up there. That ugly tar stuff in canada. They are, if not the largest, second largest owner of that stuff up there. [ laughter ] good morning. Hey will. Good morning, its wednesday, may the 14th, on set, along with me, weve got joe here thats here. Thats all. Msnbc. Its a good show, right . Yes. You cant always predict who is going to be here. Its exciting. Its interesting, it remains the name of the show. Mike barnicle is here. Former Communications Director for george w. Bush, nicolle wallace. Jon stewart went in last night. And landed another blow right here. This guy spent millions fighting Online Gambling. Tens of millions fighting organized labor. In the 2012 president ial election he gave 90 million to republican candidates. Perhaps because he thought he would help him take on quote, radical islam and unions. Yeah, thats right. Laugh harry reid is going to crush this guy. So dont pick on him. Wait . Sorry, what did you say there . Dont pick on the billionaire that puts money in politics. Hes not in this for money. Hes in it because he has certain ideological views. [ laughter ] what the [ bleep ] difference does that make . [ laughter ] what are his ideological objections to online that the largest gambling casino has . I cant tell overt internet who is under age. I cant tell whose got financial difficulties. I cant tell who is not gaming responsibly. But if you come to my casino [ laughter ] you dont enter without answering a very detailed financial solvency questionnaire. If you lost john stevens, you lu lost everything. He didnt make a distinction between the koches and the adelsons. And also speaking of daily show skits, lets continue with news about karl rove. Karl rove is dullinging down that Hillary Clinton should be prepared for scrutiny about her health if she decides to run in 2016. The republican strategist pushed back who claimed he openly claimed the former first lady had brain damage. He said, of course, she doesnt have brain damage. Still, its pretty clear where hes trying to aim voters attention. My point was, if Hillary Clinton were going to run for president , but she would not be human if this didnt enter into consideration. This will be a topic in the 2016. They will be 69. She will be 77 if she serves two terms and this ends up being an issue. Clintons spokesperson blasted roves remarks saying Hillary Clinton has recovered 100 from the blood clot from 2012. A republican and the white house getting involved as well. This was not clever. This wasnt an insinuation. This was karl rove running head first into a brick wall. Nothing drives people away from a decent office than this kind of attack. They say why would i put my family through this. It weakens in both parties, it weakens the fabric of both. Heres what i say about cognitive capacity, that dr. Rove might have been the last person on Election Night to recognize and acknowledge that the president won reelection in the state of ohio. Well leave it at that. Go back to the Newt Gingrich comment it weakens the fabric. Thats tough talk coming from newt. We go fresh off the thrilla in manila. Well let you be the one around the table to defend karl rove this moraning. He didnt say brain damage he said she was wearing a kind of glasses that were associated with severe brain trauma or Something Like that. Which i find this fascinating because she wore coke bottle glasses in college. You have ever seen those pictures of hillary in the late 60s and early 70s . Whats karl thinking . I think she couldnt wear her sunglasses, she they gave her a pair of glasses. She was wearing the same style four years ago and her traumatic brain injury didnt get in the way of being the most successful secretary of state in history. Let me try to explain karl. What karl let me try to explain karl. Hey, i feel different. Karl didnt just stumble into this line of questioning about Hillary Clintons health, okay . Hes one of the most prepared and deliberate speakers. And when he gave speeches at the white house, people were always doing you know, reading research. So this karls nature, is that things are talked through. He plans these types of thing. So are you telling me that he thought through this before saying this . Well, i think he thought through and is probably, you know, maybe not in front of whats his strategy . Well, i think injecting questions about her Health Crisis from a few years ago is something that karl thinks is fair game. And i think that the fact that were having a threeday conversation about hillarys age and health, he is in this objective. Its not about hillarys age and health. Its about whether karl rove suffered brain damage. Well, to some. But some of the people that may be thinking about 2016 have definitely given some thought to she is giving it all she has. Thats all ive got. Karl rove you know what can we go back to jon stewart, is there anything else . You gave us an ending. I mean listen, katrina was easy compared to this. Well, when you rebecome president , you release the results of your colonoscopy. You know what karl was trying to do. If she becomes president , there will be countless discussions, over the years she will release her this comes directly from the stupid part of it youre talking about. Ronald reagan got inaugurated at 69. When he starts at 69 and leads at 77, i think about Ronald Reagan. Thats not a bad thing. There anything that they can device to try and diminish Hillary Clinton, theyre going to use brain damage, benghazi, boko haram now. Thats what this is. Thats all this is. Jim peters go ahead. I was going to follow up on what nicole was saying, shes exactly right, this is not accidental. Hillarys health is something that democratic strategist have been whippering about for about a year now, when they talk about what can ruin her candidacy, its always a question of her health. Heres a case of the most public visible case really spilling out into the open. Now, one thing i think this is not, and youve heard some of this chatter over the last couple of days, i dont think this is sexist. I think you would have had these questions come up about biden. Its ageist. Nicholl, remember i told you, they released that ad, how many houses did john mccain have . Well, he cant quite remember. That was an attack against his Family Wealth and his age. And his age, right. These questions were going to come out, anyway. I think the question is whether or not karl rove has temporarily taken it off the table by being so crass about it. But the other thing that shouldnt get lost, it is interesting, look at how the clintons respond. Their First Response is pretty funny. Shes 100 . But they escalated throughout the day to near hysteria through the end of the day, whoever gave the initial response should be given the job of Rapid Response and whoever gave the second or two should be the understudy. For people that dont sit around sets like this or dont talk to journalists, there have been questions off camera, speculation. I only say this because jerry was talking about republicans. It wasnt just republican a lot of reporters were worried about her health. Of course, they had absolutely no evidence whatsoever. They were worried. They were worried with justification after that fall. With some justification, it took her a while to come back but it was speculation. And karl rove didnt help himself and he didnt help the Republican Party by speculating like he did. When we get the results of all of these personal data, colonoscopies and everything else, i think well find out shes healthy as a horse. There you have it. Marco is clarifying remarks . Yeah, going back to the Climate Change remarks. Senator rubio found himself the target of unwanted headlines after he recently entered the Climate Change debate talking at the National Press club. The potential 2016 president ial contender tried to clarify remarks he made on sunday. Here are the original remarks and what he had to say about them yesterday. I dont agree with the notion that some are putting out there including scientists that somehow that are actions that have is an impact on our climate. Let me get this straight, you do not think that the human activity, the production of co2 is caution changes . I do not believe that human activity is causing changes the way the scientists are portraying. I do not propose the laws they pass will do anything about it. Headlines notwithstanding, of course, the climate is changing because climate is always changing, thats a measurable you can see. There is Climate Change. Ive never conceded that the climate is not changing. Thats not the question before me as a policymaker. The question before me as a policymaker, is that if we ban all coal in the u. S. , if we ban all carbon emission information the United States, will it change the dramatic changes in climate and the dramatic weather impacts that were now reading about . And anyone that says that we will, it not being truthful. But for you to go out and say if you pass this bill that i am proposing this will somehow lead to us have less tornadoes and hurricanes, thats not an accurate statement. Seems rational to me. Listen, i may be out of step with my party on this. I dont know where you have to live to think that the climate isnt changing dramatically. And miami is one of those places where they havent seen dramatic change. Its not the same thing as acknowledging that Climate Change is real. I guess whats interesting about this, im not exactly sure who marcos audience is. He says he believes in Climate Change. I do believe, like he said, that were not going to pass legislation theyre going to stop tornados and hurricanes, et cetera, et cetera, et cetera. And the left is but thats a defensible position. That is a more defensible position. But im just saying all the republicans ive talked to. And ive been talking to a lot of them for a very long time over the past four or five years, they believe in Climate Change, they believe that humans are responsible for Climate Change. The only thing they dont believe that the federal government could combat and impose massive cut jacks because it makes extremist and trillion theyres. Without getting china and other parts of the world that are doing more. Theyre doing more, actually. Right. So in a time in the world, everybody is saying, steve, well go to you, were going to be in competition with china for the next 100 years and china is going to outcompete us. At that time, were supposed to usually disarm and let the chinese continue to damage the atmosphere more than us . And were supposed to be worried about what tom steyer and other people say . I dont believe that. And even if we do what we do in that direction, without putting millions of americans out of work. I agree. First, the same people, the middle people, do want to have some kind of coordinated change to Climate Change. Theyre so effective . The reason, nicole, they are not effective, if youre a country on your way up, and you dont have all the resources and you say, wait a minute, you guys have polluted the air for 200 years, dont i get a chance to pollute the air for a while while im economically developed. China, they dont have any clean energy. They have coal. And imported oil and really expensive natural gas and thats it. And they dont have any nuclear yet. So its going to be very hard for them to do what they have to do, but he have to do it. And it thirdly, joe, there are policies, nonetheless, there are policies out there that we could put in place that would destroy millions of jobs that would put us on a path for a more responsive behavior. For example, weve not increased the gas tax since 1983. The Highway Trust Fund is going broke. We could raise the gas tax, rebate that to americans so it didnt cost jobs and get more balanced. Jeremy peters on the hill, you look at polls, and i dont think Climate Change is at the top when it comes to intensity. I would suspect because of that were not going to see another pass or do anything on the climate for quite some time. Democrat stride in 2009. Even the president was reluctant to get involved but they dragged him into that battle at the last minute. Any legislation on the hill that marco rubio would have to be concerned about voting on before the election and the rest of the candidates . There was a bill that fell apart this week in the senate, an energy bill that was actually quite modest, the fact that it fell apart in a filibuster just shows how difficult it is to get even the smallest things through on climate. What well, you have your moderate democrats that like the landrieus and others who do not support this legislation . No, it fell over keystone. There was a land mass that landrieu and bagich wanted to approve. The white house has not decided what its going to do. And if it ultimately decides its not going after this, they are going to wait until after the legislation to do that because they dont want it to hurt senators like begich and landreau. I thought it was fascinating having the canadian ambassador here last week. He kept doing the talking points that i thought came from the Koch Brothers, i asked him where he got it, he said, oh, the state department study. Our state department . Our state department. This is one of the most widely overpoliticized decisions. A lot of very rich liberals dont want barack obama to pass this legislation. And what do they have to worry about . Because they got millions and millions of dollars. Its just the 50,000 people that arent going to have jobs because of it. I hope that makes you feel better. Go to your yacht, polish it you wont polish it, youll have somebody else polish it. That would be a really good paying job that makes you feel bad about yourself. Have them buff your fingernails, too. Coming up on morning joe, were going to be talking to senators rob portman and john tester about some of the most pressing issues in washington including the Keystone Pipeline and the controversy surrounding the v. A. Thats atrocious. And former yankee great Willie Randolph is going to be on set. And larry kudlow and joy reid. And miles nadal. Former secretary time geithner is standing by. First, though, not fun, bill karins. Across the country, just a crazy weather pattern. Record highs on the coast. Its been snowing a couple days in colorado. How about this yesterday, it was 52 in boston. That was it. In d. C. , it was 92. 40degree swing in the northeast alone. This morning, we are tracking showers and a few storms up there around the capital district, albany, schenectady and troy. And albany youve got showers, pittsburgh, a shower or two. Later this afternoon, cooler today in d. C. And baltimore than yesterday. This is where we should be this time of year in the 70s. Chance of storms from pittsburgh to buffalo. And how about out west. The drought is bad enough. Now were getting one heat wave an another. Areas that dont see a lot. San francisco, san diego, 90s to 100 today. How about this for l. A. , 101 today. 100 tomorrow. We finally cool it off by the weekend but the fire danger is really high. And in the middle of the country, i mean, its cold. Its a chilly, cold morning. A lot of extremes out there. If were going to get any tornadoes 0 are severe weather, well watch out for you from nashville to louisville, back up to the ohio valley. More morning joe when we continue. Well be right back. When folks think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. 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So ameriprise created the exclusive. Confident retirement approach. Now you and your ameripise advisor can get the real answers you need. Well, knowing gives you confidence. Start building your confident retirement today. Former u. S. Treasury secretary timothy geithner. Im sure they pull put u. S. Treasury secretary. It could have been canada, luxembourg. But, no, this guy was former u. S. Treasury secretary. Hes out with a new book stress test reflections on financial crisis. Wait wait to read this. Im glad you finally got more people in the treasury department. Lets start there. You had a couple of dogs wandering the hallways the first year. It was actually hard. That was a challenge. You could hear the echoes of footsteps. You had. But that first year, it was so shocking to us that you were going through the financial crisis of our lifetime and you couldnt get staffed. You. We had great people, we really did. I know you had great people. It took you a while, though. What was the challenge . Dont say you had great people again. You didnt just win the nfl okay, the super bowl. Talk about the tough start. Well, the world was burning still. Remember, in january 09, the country was falling off the cliff, complete was shrinking at the rate of 9 . We had already put trillions of dollars in the financial system, but things were still frozen or falling apart. Right. We had to find a way how to right the ship, how to land a plane safely. Yeah, we had challenges. Off the top, steve ratnor. Ratnorwas fabulous. Obviously, this book has ignited talk about what happened. Different points of view, left, right, all that stuff. Looking back, i think the central concern people have is did we do too much for the banks . Did we give them too much money, too cheaply, not fire enough ceos, more pain from the share 408der, more pain from the executives who got bonuses. How do you feel about that . Was there stuff that could have been done differently, i know you had legal constraints but wasnt there something that could can be done differently . I think the huge damage done by the crisis and all the bad people that caused the crisis, they say, really, seriously, you couldnt bring a tougher measure of justice more quickly for people. But that was a classic panic. We were risking the great depression. And the first challenge was to land the plane safely. Once we landed the plane, we moved quickly to try to clean up the system and bring a much better response. Its true, you could look back and say, was it tough enough on them . But the first obligation, the most important obligation was to protect the risk of massive unemployment, a great depression. We did that, it wasnt messy, but we did that effectively. Better than any government has in the last 100 years in a financial crisis. You write about being handed talking points by a white house official it was actually my treasury colleague. Im not trying script you but suggesting messages that you had a pretty visser ral negative reaction to. I certainly have been in the position that they may have been in of wanting a cabinet secretary to echo a message. Seeing it from your perspective i know you worked with some of my former colleague in the bush administration. You can talk about how political your job got and how difficult that was . I think one of the most important tests of government in a crisis is the ability to put policy above politics. Its impossible, isnt it . No, its not. In fact, i think that was a great moment for the United States. If you look at that moment, you know, the transition between a republican and a democratic president , you know, the world at the edge of a great depression. You had two president s with bipartisan support, mostly from democrats at that point. Basically put politics aside. And do whats necessary to help pull the country back from the abyss. It was a pretty big moment. With the t. A. R. P. And all of that . With the first to break the back of the panel. Then the stimulus to put money back in the hands directly of the american people. And then the range of the financial system. I got a pretty good test of government at a terrible time. And we passed that test much better than other governments who sat there, were paralyzed by their politics. Or played politics with the crisis. A pretty good moment for the bank. You mentioned in january 2009, we were on the brink. That was a term we heard a lot. The countrys about to go over the cliff in the fall of 2008. What does that mean explicitly and specifically . I mean, what would have happened if we hadnt taken that step back . Take a look at the great depression, theres no memory of it. You know, people didnt live through it. But in the great depression, unemployment went to 25 . And gdp fell by 25 . And it took a decade to try to get back to some measure of security for people. And thats because we allow it as a country, a financial panic torsion escalate and bring the system to collapse. And why does that happen, its like the lights going out. Its like the power not functioning. If the company cant get oxygen, people cant borrow and businesses fire people on a brutal scale and people are trying to protect themselves. That produces a certain set of conditions, panic leads to crash. Thats why its so damaging. And then, of course, they have massive innocent victims in that content. So how close were we . Right at the edge. Paulson wrote he thought we were three days away from the atms not working. People were talking about burying gold in their backyards. You could hear panic and fear in the voice of the leaders of the world and largest corporations at that time. Mika does that. Unrelated to the economy. Jeremy peters is in washington, the New York Times has got a question for the secretary, mr. Secretary. Mr. Geithner, one of the prime takeaways of this book is just how complicated your relationship with Larry Summers is. He promoted you to various senior positions. He was your mentor. And as you know, the president was strongly considering him for chairman. Federal reserve, twice, actually. Do you think that president obama made a mistake by not picking him . No, i think that janet yellen is going to be excellent. I watched her make judgments at a very complicated time. And i think shes going to be an excellent chairman. I have just huge respect for Larry Summers, i think month more talented person in the country. Henry kissinger said about Larry Summers, you should give him a Permanent Office in the oval office to vent any idea. Hes a great person to work for. Hes a pretty challenging, demanding guy. I used to say, what matters is the ratio between the thrill and the torture. And with larry, the thrill was higher . Much greater than the torture. A couple issues before we wrap it up, one, what you had to say about elizabeth warrens hearing. She said she were made for youtube hearings, sort of show trial, explain. Well, that was sort of a gentle way to put it. Like they were witchhunt, talk about that . Ive got a lot of respect for her. It doesnt sound like it. I do. She did a great job in standing up with the agency and protecting from a form of abuse. She was excellent. Theres a lot of oversight process. What made them show trials . Well, you know, people didnt like what we were doing. It was unpopular stuff. It was essential, necessary stuff, very effective stuff but it was deeply offensive to people. It looked like we were giving money to the arsonists. The core paradox of what it takes to break a financial panic to keep the lights on. And there are going to be collateral beneficiaries of that. And thats deeply offensive. She gave a lost voice to that concern and she was very eloquent in making that case. Speaking of arsonists, a handful of banks still control 50 . Too big has gotten even big. Youre right, you always worry about too big to fail. And this is something we should always worry about. Its like a federal war. You should be on it. The big banks concern, still approaching 50 . Well thats not the way to think about it. That risk for the country is say much lesser risk today because of reforms we put in place. Ill give you examples. We mate Capital Requirements the limits on risk much, much more conservative than they were before the crisis. Why . We had much better tools to put banks on the line when they screw up. Lets say theyre not going to because theyve strengthened. Lets say citi has a crisis, were bailing them out or do we let citi fail . Were in a much better position to let them fail that doesnt do too much damage. Was it a mistake not to save Lehman Brothers . Its not like financial security. We dont give president s a set of tools to react. We dont do that because of other concerns. We dont want to leave the market with expectation. If you could do it all over again, would you . If we had the authority with the authority, would you save Lehman Brothers . You dont want to save everybody in a financial crisis. Its a mistake to do that. You have to make sure you do we didnt have this authority until after the panic. We want to make sure we can protect the rest from the failure of the rest. You want to make them fail to use a different metaphor, you want to draw a fire brig around the couordinates. Should they have been saved . In retrospect, with full knowledge at that time, what we should have done, we would have escalated much more quickly to prevent the panic from spreading. Of course, now, we ultimately did that, but it took a lot more work because the fire was burning too hot at that point. All right, tim geithner, thank you so much for coming in. Thank you, nice to see you guys. The book is stress test reflections on the financial crisis. You can read exempts on our website mojo msnbc. Com. First, americans are hitting the bottle harder than ever before, well explain why in your morning papers and morning joe sports next. Dewhos got twond rhooves and just got ae. Claim status update from geico . This guy, thats who. Sfx bing. And i just got a. Oh no, thats mom. Sorry. Claim status updates. Just a tap away on the geico app. The expedia app helps you save with mobileexclusive deals download the expedia app text expedia to 75309 expedia, find yours and i get a lot in return with ink plus from chase i make a lot of purchases for my business. Like 60,000 bonus points when i spent 5,000 in the first 3 months after i opened my account. And i earn 5 times the rewards on internet, phone services and at Office Supply stores. With ink plus i can choose how to redeem my points. Travel, gift cards even cash back. And my rewards points wont expire. So you can make owning business even more rewarding. Ink from chase. So you can. All right. Lets take a look at some of the morning papers. The wall street journal crews, are racing to save hundreds of miners after a deadly accident in turkey. At least 201 people are dead with more than 200 others still trapped deep underground. Almost a mile under there. The coal mine is located in the town. Soma, about 150 miles from istanbul. Nearly 800 people were in the mine when a fire triggered an explosion. The fire is under investigation. Two children are recovering from serious injuries after a gust of wind swept away one of those bouncy houses. My son loves those. Oh, my gosh. This is that bouncy house that parents like myself. And me. And you. Have been putting in your yards for your young kids birthday parties. Three children were playing inside one of these bouncy houses when it was ripped from its stakes and sent it flying high in the air. A witness took this photo that we were showing. You one child escaped with only minor injuries. Look at that. Look how high those three little children are up inside that bouncy house. One escaped with no injuries. Another boy has some broken bones after falling 15 to 20 feet in a parking lot. While the third has a serious is head injuries after landinging on a car. This is horrifying. Terrifying. Horrific. Theyre usually staked down when you see them in the yard. But maybe thats not Strong Enough when the wind picks up. From the parade of papers the San Francisco chronicle, google wrote the global web of dominance got more difficult. The right to be forgotten. Meaning google can be forced to erase links to content about individual people on its search engines. That includes documents. The quote, other documents, very important for mike barnicle. If theres ever going to be a senior staffer for elizabeth warren, he will not pass through the background check. Thats correct. Because of the quote, other documents. Other documents that are in Mike Barnicles computer main frame. Your confirmation are going to be interesting. Legal experts say this decision will only impact operations in europe and citizens of the e. U. And from the l. A. Times, Army Sergeant kyle white is the latest recipient of the congressional medal of money for this heroism in afghanistan in 2007. White was honored for his actions for his ambush where he helped other soldiers and maintained radio contact all while injured. Some were present at the ceremony. Hes the seventh living recipient for a medal of honor for actions in iraq and afghanistan. Sergeant white is going to be joining us in the studio on monday. Cant wait to meet him. The telegraph, the United States has become the worlds biggest consumer of wine, all right, passing france for the first time in history. Thats something to be proud of, right. A new study said wine drinking continues to climb at a record pace, meanwhile, the popularity of wine is fading in france. U. S. Consumers bought 2. 9 billion liters of wine. Still, the average frenchman drinks six times more wine than the american. So per capita was trailing behind. We got to get to work on that. Willie, nba playoff action. A wild one between the clippers and thunder. Lets go to the fourth quarter. Okc had been down about 13 points with four minutes left. Kevin pierce. And durant on the break lays it in. A twopoint game. Clippers quick inbound to chris paul. He turns it over. No foul called. The ball ends up out of bounds. This one is reviewed. And in a controversial call, the thunder get the ball back. So 11 seconds to play. Another controversial call. Russell westbrook of Oklahoma City is fouled shooting a three. He hits all three foul shots. The thunder take a 105104 lead. With six seconds on the clock, chris paul is stripped. He loses the ball again. The thunder come back for a 105104 win. And a 32 series lead. Clipsers head coach doc rivers was steaming after the game. Thats our ball. We win the game, and we got robbed because of that ball. Its clear, everybody in the arena saw it everybody was shocked when they said Oklahoma City. That was our ball. We got two more games to play. But that could be a seriesdefining call. And thats not right. Wow, thats pretty strong. The series goes back to l. A. Society clippers get a chance to even the series back there. The wizards blew out the pacers. They were on the brink of elimination. 10279. Its coming back to d. C. Tonight, the nets fight for their lives in miami. Miami can close that out, and the spurs can do the same against the blazers. What about the rangers, down 31. 31 in the series come all the way back against the mighty pens. A couple of good one in the stanley cup playoffs. Blackhawks and wild in game six. And the rangers and penguins in a huge game seven. And he scores patrick kane, one hand, and chicago is headed to the western conference final. Carried back off the wing and worked on by mcdonough. Swatted on the cross. Score and the rangers are going to the conference final. Rangers come all the way back down, 31 in the series to win game seven. Theyll face the winner of tonights other game seven between the canadiens and the bruins. The blackhawks will face the winner of the ducks kings. That series is tonight. Can the bruins do it, mike . Yes, they can. Well, those are two evenly matched teams. Its go to be a great game. There will be fights tonight. If you can get boston and new york in the conference finals. Still ahead from morning joe from the men who brought you freakonomics. And at 7 00, magic strikes back. Hes heard enough from Donald Sterling. His reaction. He says enough is enough. Well be right back on morning joe. [ brian ] in a race, its about getting to the finish line. In life, its how you get there that matters most. Its important to know the difference. Like when i found out i had a blood clot in my leg. My doctor said that it could travel to my lungs and become an even bigger problem. And that i had to take action. So he talked to me about xarelto®. [ male announcer ] xarelto® is the first oral prescription blood thinner proven to treat and help prevent dvt and pe that doesnt require regular blood monitoring or changes to your diet. [ brian ] for a prior dvt i took warfarin, which required routine blood testing and dietary restrictions. Not this time. While i was taking xarelto®, i still had to stop racing, but i didnt have to deal with that blood monitoring routine. You made great time. I found another way. 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[ male announcer ] ask your doctor about xarelto® today. For more information including savings options, download the xarelto® Patient Center app, call 1888xarelto, or visit teamxarelto. Com. This and this. Whip up this. Munch on that. And dine out on this. Thats 7 days a week. No tracking. No counting. No measuring. And youll start losing weight right away with our 2 week simple start plan. So jumpstart your summer and join for free. Try meetings, do it online or both. Weight watchers. Because it works. Time for mika. Shes faxed them from the south of france. The wall street journal did she bury her gold in the south of france or westchester county, what do you think . Put it evenly. You never know when the people are going to rise up. I mean if Marie Antonette had buried her gold in two different places she might still be with us. The wall street Journal Editorial Board writes this. Harry reid has essentially shut down the senate as a place to debate and vote down policy. Hes refused to vote on on all but nine amendments since july. Mr. Reid is worried some of those amendments might pass with support from democrats, thus embarrassing a white house that opposes them. Not too long ago it was understood that any senator could get a floor vote if he wants it. The minority party, often democrats, used this right of amendment to sponsor votes that would sometimes put the majority on the spot. Its called politics. Rightly understood, this meant the Senate Debated National Priorities and worked its bipartisan will. Jeremy peters, ive been about cushion harry reid for a couple years, whats with this wall street journal editorial . I think often when youre talking outrage along these lines, its often a little bit stronger when you are the person who is on the brunt of the perceived injustices. Right. And in this case, i think thats whats happening with the wall street journal. I doubt that they would be crying so loudly if this were republicans and not a democrat. But, jeremy, we heard a thousand stories about those terrible republicans that wont pass democratic leases of legislation through the house. The question is can republicans fairly make and im not leading you here, im curious, can we not fairly make the aim argument about harry reid not allowing the amendment in the senate . Because he thinks its going to pass . Absolutely. This is where republicans have clearly said that harry reid has obstructed business in the senate just as republicans have obstructed it through filibuster. Now, which is worse . Im not going to make that call. But you do have to understand, i think, to get a real firm grasp on this debate, you have to understand where this is coming from. And the reason why harry reid does block amendments on these bills is that republicans routinely filibuster everything. All right, very good. Willie, whats next . Coming up next, were going to explain the story behind this photograph. Ooh. Hmm. I hate snakes. Oh, i hate snakes, especially that kind. Stay with us. Here at fidelity, we give you the most Free Research reports, customizable charts, powerful screening tools, and guaranteed onesecond trades. And at the center of it all is a surprisingly low price just 7. 95. In fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. Im monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. Call or click to open your fidelity account today. He gets a ready for you alert the second his room is ready. When sales rep Steve Hatfield books at laquinta. Com, so he knows exactly when he can prep for his presentation. And when steve is perfectly prepped, ya know what he brings . And thats how youll increase market share. Any questions . Can i get an a, steve . 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It was an aggressive one. It was somebodys pet who got loose. It happens. It happens. Willie, you were talking about it yesterday on the Judiciary Committee hearing. Were you watching that . I actually was. Very clean people. I was on the Judiciary Committee. Very clean people. Hungry people, but a clean people. But those hearings are long. You get hungry. Thank you, mr. Chairman. I want to thank you and member connors for your willingness to work to make progress on this issue, and in making sure that other surveillance cannot be used in a similar way. Im pleased this be addressed in the amendment. Take a look, willie, on the right, a lot of ear wax, this happens. Check it out. Oh, my god. Wax smeared on the teeth. Seconds, anyone . Oh oh. Oh, oh ear wax. Thats disgusting. Who eats it . Its awful. Enjoy your breakfast. Oh thats awful. Republican or democrat, joe garcia. Democrat. Thank you god. Okay. They at least have one of them. Thank god. The pride of the 26. Coming up at the top of the hour, Magic Johnson reacts to Donald Sterling in that socalled apology. I cannot believe, he brought up aids . Yes, he did. Plus, senator rob portman and senator jon tester showing patience for the v. A. Scandal. By the way, jon tester very clean ears. Chuck todd joins our conversation coming up in a couple minutes. Stay with us. What are you doing . Uh, well we are fine tuning these small cells that improve coverage, capacity and quality of the network. It means youll be able t post from the breakroom. Great did it hurt . When you fell from heaven awkward laugh . A little. laughs im sorry, i have to go. At t is building you a better network. Afghanistan, in 2009. Orbiting the moon in 1971. [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protection. And because usaas commitment to serve current and former military members and their families is without equal. 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This is the first power plant in the country to combine solar and natural gas at the same location. During the day, we generate as much electricity as we can using solar. At night and when its cloudy, we use more natural gas. This ensures we can produce Clean Electricity whenever our customers need it. Jews, when they get successful, they will help their people. And some of the africanamericans, maybe ill get in trouble again, they dont want to help anybody. [ laughter ] maybe . Maybe youll get in trouble again . [ laughter ] jews help blacks eww unless what hes doing is workshoping new material for Donald Sterling literally comedy jam. Jeremy peters with us. And with us from washington, nbc news correspondent and host of the daily rundown chuck todd. Winning columnist and associate editor of the Washington Post and msnbc political analyst, eugene robinson. Were going to talk in two seconds about the sterling controversy. But, chuck todd, we had a lot of elections last night. A lot of races. A couple have stood out. What are your thoughts . Well look, its a generational change in nebraska. This is a couple of young guys taking over the nebraska Republican Party. Pete ricketts tried to run for the senate a few years back now is a heavy favorite to be governor. And ben sass. I think whats unique about sass, a lot of groups are saying, hey, we want a race, we want a race. But the establishment is split in this race. Now, sass went after mitch mcconnell a way back. He did. This is about mcconnell. But paul join was for sass. I had sass on my show yesterday. He said hed vote for mcconnell as leader. Shed try to put an end to that. I think hes going to be a little moron johnson than hes going to be ted cruz. A lot of people are trying to figure out where is this guy going to fit on the senate. Id put him more on the johnson side. Hes now a big favorite to win state wide, right . Slightly. Absolutely. And shelly is a heavy favorite in West Virginia. Be West Virginias first republican senator in over half a century. But she is, dare i call this person a progovernment republican. They do exist, and thats about what you have to be ideologically in place like West Virginia which actually likes federal dollars coming into the state because shes going to be somebody like a murkowski, collins, the republicans that do a lot of bipartisan deals. Sound goods. Lets go straight now, the latest from sterling, some quotes that i cant believe. The earthquake of the sterling interview, the Ripple Effect continues because were one day after Donald Sterling attacked Magic Johnson. The former laker star is fighting back. Magic was dragged into when v. Stevian know post evidence this image on instagram. Its a photo made public by tmz sports. And sterling told her not to bring Magic Johnson or any other africanamericans to clippers games to that original racist rant that was made public. It was days ago that sterling went after magic again, this time for having hiv. What has he done . Can you tell me . Big Magic Johnson, what has he done . Hes a business person. Whose got aids. Did they do any business . Did he help anybody in south l. A. I think its hiv, it didnt focus on aids. What kind of a guy that has sex with every girl and then he catches hiv. Is that something that we want to respect and tell our kids about . I think he should be ashamed of himself. What does he do for the black people . He doesnt do anything. Heres a man who we would think would be educated. And a man who would is smart enough to build this type of wealth. Hes reaching, hes trying to find on to something thats going to save his team. Am i upset . Of course. But at the same time, im a god fearing man. Im going to pray for him and hope that things work out for him. The problem is, hes living in the stone ages. He cant make those comments about africanamericans and latinos. He just cant do it. Gene, i dont know where to begin with the ignorant statements. Lets leave hiv out of it and instead talk about the fact that for a very long time, Magic Johnson has focused on going into inner cities and creating Economic Development and bringing hope to the hopeless in a lot of africanamerican communities for some time. In fact, thats what ive associated him with over the past 10, 20 years. Yeah, so many ignorant statements, so long time. It just shows how out of it and how divorced from reality Donald Sterling is. And i think sometimes invested certainly tens of millions of dollars, i dont know if its hundreds of millions of dollars into lowincome communities across the country, created economic opportunity. He has walked the walk, in addition to talking the talk. And is the last person in the world that you would say such an ignorant and prejudice thing about. But there you go. Thats Donald Sterling. Thats the Donald Sterling weve come to know. And not exactly love. Mike barnicle, how can this guy remain associated in the nba . I cant see any judge thinking that theres any way that he would have any standing, to have any part of any team . Well, he can take them to court, certainly, but theres no way hes going to end up with the l. A. Clippers at the end of this, with whatever litigation proceeds. I choose to go back to what is soon to be exwife reference last week when she said she thought certainly that Donald Sterling was in the early stages of dementia. Hes got to be. Who would do that . Its possible, the racism goes back a bunch of years, guys. Yeah. So its not like this stuff wasnt buried down in there. Maybe even his sensor is turned off. No doubt. Theres no guard rail now, so hes going right off the cliff. Its insanity. And its just i dont know i dont know how this guy, and weve asked this question before, thomas, how is this guy been allowed to be an owner since 1981, the nba had to know, had to know. Well, they did know that he had racist tendencies. Yeah, they had the largest judgment go against him for discrimination and a payout that he and his wife had to make based on discriminatory practices. So the nba does know whats there. If they have something to leverage him out and he agreed, mike, as you point out, he knows whats in the laws of nba ownership. If they have majority of those owners saying hes got to go, hes got to go. Thats something that he agreed to on the front end. And according to his work philosophy, if Magic Johnson made such a mistake and should fall into the background and never be heard from again, whats his problem . Hes made such a horrendous mistake that he should drop off the face of the earth. Obviously, he has nobody around him that can counsel him. And hes stumbling from one crisis to another. Its unbelievable. Speaking of surprising, its not quite along those lines. But karl rove is actually doubling down on the suggestion that Hillary Clinton should be prepared for serious scrutiny about her health should she decide to run for president in 2016. Weve got the republican strategist that is pushing back against the New York Post head line. He questioned whether the former first lady may have brain damage. Its pretty clear where hes trying to aim the voters attention. My point was, that Hillary Clinton wants to run for president , but she would not be human if this didnt enter into consideration. And my other point is this will be an issue in the 2016 race. Whether she likes it or not. Shell be 69 by the 2016 election. And shell be 79 if he ends up erving two terms. Clintons camp blasted back saying shes recovered 100 from a blot clot in 2012. It wasnt just clinton pushing back, a wellknown republican and white house jumped into it as well. This wasnt clever, ant it wasnt insinuation. This was karl rove running into a brick wall. Nothing drives decent people running away from public office more than this type attack. It weakens the fabric of democracy. Heres what i would say about cognitive capacity which is that dr. Rove might have been the last person in america on Election Night to recognize and acknowledge that the president had won reelection, including the state of ohio, so well leave it at that. Chuck todd, whats going on . I mean, i just dont understand why would karl rove bend over backwards to make Hillary Clinton look like a more sympathetic figure . I am curious. Its amazing the conspiracy those are i heard yesterday. Rove did this, hes doing the old lbj here. Make them deny that they have brain damage. Throw it out there and then say, oh, i didnt say brain damage, brain damage, brain damage, you know, but im trying to get it into the ether. And then ive talked to other folks who say that rove truly was sort of shellshocked that that got out there. That wasnt what he meant. Well, he didnt exactly spin it very well yesterday. And he didnt spin is very well, no. Look, the fact is shes the same age, shes going to be the same age as reagan was. If youre going to go down this road and claim shes going to have health issues, and things of that nature, then you may have to be throwing your own guy, Ronald Reagan under the bus a little bit. So i think this is a dangerous, tricky road to go down. And as we saw, with rove, you go down this road, and you stumble down this road, i mean, i agree, at any point, any president ial candidate has deputy release their health records. I dont care if theyre 45 or 70. At the end of the day, i think its important, the American Public wants to know, they want to make their judgment about who the running mate is, things like that. So that is fair game. But to sit there and say it only really applies to her. And you go down that road, its going to look a little sexist if youre not careful. And its going to backfire. You obviously have known hillary for a very long time. And youre absolutely confident. While you said legitimate there are a lot of people legitimately concerned after her fall that shes doing fine. Look, i think shes doing fine. You watch her during her time as secretary of state, all the travlgs all the wear and tear and meetings she did. Yeah, she had a Little Health problem, but probably would the rest of us after what she went through. Regardless of what rove was doing, its clear what what he was doing. If somebody like joe biden decides he wants to be in the mix two or three years older than hillary, its going to apply to him. Senator marco rubio found himself the target after recently entering into a Climate Change debate. Speak at the National Press club, the potential 2016 contender looked to clarify remarks he made sunday. Here are the original markings and what he said yesterday. I dont agree with the notion that some are putting out there including scientists that somehow there are actions we can take today that would actually have an impact on our climate. Let me get this straight you do not think that human activity, production of co2 has causing change . I do not believe human activity is causing changes to our climate. I do not believe the laws that they will pass will do anything about it. Headlines notwithstanding i of course, the climate is incorporate challenging because the climate is always changing, thats a measurable you can see. Ive never disputed that climate is changing. I pointed out that climate is always changing. Its never static. Thats not the question before me ace policymaker. The question before me as a policymaker, if we ban all coal, all carbon emission information the United States will it change the dramatic weather impacts that were now reading jab and anyone who says that we will is not being truthful. But for me to go out and say if you pass this bill that im proposing this will somehow lead us to have less tornadoes or hurricanes, thats just not an accurate statement. There we have him cleaning up his language but former president gore speaking about the calculus around Climate Change. Hes said its not complicated and why candidates are carving out their positions now. They will face primary opponents financed by the Koch Brothers and others who are part of their group, if they even breathe the slightest breath of sympathy for the truth. Sympathy for the truth. Jeremy peters, lets talk to you about the whiplash effect that were seeing from senator marco rubio. Obviously what he had to say to Jonathan Karl did not go over well at the National Press club and hes giving a different answer on Climate Change. I think this is what happens when youre thinking about running in a republican primary at the same time trying to become a viable national figure. You have to say one thing that on the one hand doesnt alienate the base. In this case, the Republican Base doesnt want to hear that Global Warming is manmade or a serious problem. But on the other hand, the majority of americans feel this is a real issue and that it needs to be dealt with at a federal level. So youve also seen this pattern from other contenders. Possible contenders for the republican nomination. Remember what happened with rand paul when he came out and said that republicans need to stop talking about voter fraud. And voter i. D. He got slammed on the right, even though what he said, this is offensive, republicans need to be careful about the way theyre talking about this. Its offending africanamericans. Yesterday, he walked those statements back, saying, well, i didnt say i didnt say that these laws are a bad idea. All i was saying is that we need to not talk about them as much. A lot of times these guys are trying to have it both ways. Chuck, off of what jeremy just said, potential candidates trying to have it both ways, not offending the base. Karl roves comments about Hillary Clinton. The base, not only the republican, but specifically, the Republican Base, where does this potential field of candidates go in appeasing the base, while perhaps alienate oeg they have a demographic problem anyway in this country. Can they shoot the middle here . Is there a middle for them . I dont know, they have a we talk about a demographic problem. I go back to the term and color phrase of 2013, this is a period of time where its not exactly where the Democratic Party was in a great place in virginia. And he used Climate Change, he used some of these issues. But Climate Change was one of them, to define his opponent as out of the mainstream. You wont believe what he said about this in suburban in a suburban part of the state. This is there is a sort of a suburban wing that used to exist of the Republican Party thats sort of probusiness. The old eisenhower, rockefeller republicans. The children of them are starting to vote democrat. Not because theyre enthusiastist perhaps about the Democratic Party but theyre just theyve gone all Brian Sullivan to reference that. But they go, wait a minute, whats going on over here . And they feel as if you cant have rational discussions about certain policy issues. And so thats the voter that theyve also turned off in suburban america. And 2016, the clintons are very good at wooing suburban america. And Climate Change that can turn off potential with rightleaning republicans. Gene robinson, a fascinating story in the front page of the Washington Post, your newspaper. You read the article, he has conservative challenge from the right in his district. There was this weekend, where cantor was booed by republican act that visits. Quite a turn of events for a guy who was seen as the conservative alternative to john boehner just a year ago. Whats going on . Well hes in trouble. And its hard to figure why or how. Because hes gone so far out of his way to try to define himself as the more tea partyfriendly member of the leadership. Of the leadership duo. And the one who will, unlike john boehner was really with the tea party. Now, he faces this challenge that seems to be getting serious. I mean, i dont know that i dont know that you can call him in grave peril at this point. You know, look, the majority leader in the house in a safe district, isnt supposed to be in trouble at all. At this point of the cycle. And i think it shows something thats happening in general about the Republican Party through these primaries. Even though the socalled establishment candidates are winning a lot of races. They didnt win last night in nebraska, particularly. But theyre winning a lot of races. But the tea party is bringing the staekt farther to the right in some cases. Cantore will probably be brought yet further to the right. This, i think, could present problems for the Republican Party in the general election. We shall see. All right. Thank you so much, chuck todd, thanks. Were going to be watching the daily rundown at 9 00 a. M. Eastern. You guys go after it, right . The irrational middle, thats what america needs. Angry middle. The angry middle. They saw it yesterday. Gene, stay with us if you can. Former yankee second baseman Willie Randolph is here to explain why the yankee way its the way it is. And senator jon tester is here later this hour. Up next, his energy bill was derailed by the controversial Keystone Pipeline. Were going to get senator rob portmans thoughts on that and much more. Youre watching morning joe. Be right back. 0 second his room is ready. You know what he brings . Any questions . Can i get an a, steve . Yes three as he brings his agame the ready for you alert, only at laquinta. Com you always get the lowest price book any flight or hotel and if you find it for less well match it and give you fifty dollars back thats the expedia guarantee unfortunately, Many Americans live on the outskirts of hope. Some because of their poverty. And some because of their color. And all too many because of both. Our task is to help replace their despair with opportunity. And this administration today, here and now, declares unconditional war on poverty in america. Thats Lyndon Johnson 50 years ago, declaring a war on poverty. Now with the republican senator from ohio, rob portman who has revealed his ideas for a conservative plan to take on poverty. Thank you so much, rob, for being with us. You you bet. We thought it was an either or. You have to be republican or you have to fight against poverty. What are your plans . Paul ryans been talking about a focus on poverty, too . What are we willing to do to help in this area . Well, first, just the opposite you know, from either or. Lyndon johnson just talked about opportunity, rather than despair. I mean, lieu technical economy today, joe, were clearly at a point of despair, in the sense that poverty is up the rate of poverty is up. 47 million below the poverty line. We also have a weak economy coming out of a recession. The recovery is not adding hope and opportunity to the middle class, as well as people on the poverty line. So the question is, what do we do about it . I think theres two major things. One is, we need to grow an agenda. And you and i have talked about that, that includes transforming all of the economy, from the Health Care System to tax code regulations and so on. Thats what jfk talked years before this. A rising tide lifts all votes. And second, even with a rising tide, people are going to fall through the cracks and end up on the shoals. We talked about prevention and treatment and recovery. Some of the models there, two decades ago, you and i worked on this issue of drug abuse from a republican perspective, but also a bipartisan perspective. Ive done this with regard to prison reentry with Second Chance. My point is there are ways to get at this with constructive conservatism because we know it would. If were talking about this, im just pressing you a little bit here, if you came out and said ive got a plan to take on poverty and tax cuts, et cetera, et cetera, a lot of people are going to roll their eyes and say, well, thats the Republican Party weve been hearing about for 50 years. There has to be a spending component to it if youre going to get peoples attention. Are you and other republicans willing to invest in some of these programs to make a difference . Yeah. I think we do. We invest in what works. I talked about yesterday, joe, of the fact that we should use federal funds to leverage local and nonprofit private funds. This has happened with regard to the drug issue. The example i used was this legislation that was passed two decades ago that i offered that talks about how to get community coalition, started. It turns out theres like 5,000 coalitions that have been sparring for the act. It has to be funded at the local level. It involves the whole Community Coming together. The idea is its not going to be solved from washington. Also evidencebased approaches, i talked about the Second Chance and the fact that it requires that we use the best practices and the federal government has a big role to play there because some of the best research is done at the federal level. You can bring together best practices. You can go online and see the website its called what works. Gene robinson with the Washington Post. Senator portman, good to talk with you. Thank you. Does the Republican Party have any plans to address poor people . To try to communicate with poor people on these issues and to try to sell a program that, frankly, does sound like what republicans have been say for a long time. And what a lot of team think has not worked. Yeah, look, i dont think republicans have talked about this for a long time, John Kennedys admonition that a rising tide lifts boats. In a growing economy, some people will be left behind. I think we saw that in 1980, for instance. We saw that in the economy. And yet, Ronald Reagan actually talked about how do you deal with people who have drug addiction problems and therefore there are broken families and therefore there are problems. We need to get back to that. I specifically talked yesterday that youre not able to deal with some of the broken communities until you deal with drug addiction and the impacts, particularly, the impact thats disproportionate on communities with the current war on drug which is i dont think is working. And secondly, the Record Number of people in prison and not dealing with them when they get out. 95 of them are going to get out. Thats a conservative approach otherwise taxpayers are picking up the tab for twothirds of those people getting back in the system. There are ways to deal with those things. I dont want to cut you off. Weve got a lost people that want to get at you, rob. Heres steve rattner. You had a couple references to kennedys quote a rising tide lifts all boats. But it was a lot more than nap it was after his famous visit in 1960 when he in fact launched the war on poverty. Launched what became head start. And your party was in the process of trying to cut all of those things. You of course voted against raising the minimum wage. I know you think costs jobs but would raise 4 million or 5 Million People out of poverty simply by getting them to 10. 10 an hour. So what is wrong with those programs . Steve, first of all, regarding the minimum wage, since you talked about that i strongly support programs that create jobs. I dont support raising the minimum wage to 10. 10 an hour because its going to create fewer jobs. The issue with regard to poverty isnt the minimum wage, with all due respect as much as it is about jobs. As you look at it, as you know fewer there been 0. 3 of 1 of people are under minimum wage and under the poverty line. Why . Because most people under the poverty line need a job. Its not about the minimum wage, its about a job. The problem about raising the minimum wage too fast and too high, youre going to eliminate jobs. The Budget Office has joined and said if you do what the president is proposing it will result in jobs being lost not gained. Why not do things like making the earned income tax credit work better. Things that could affect work. I do support that in ohio. That would. I think states should be able to do that. I think were getting off track on some of these political discussions. I know its very popular, the minimum wage issue. Again, ohios got a higher minimum wage index. Mike barnicle. Senator, these are admiral goals but how do you attack poverty in this country when many members of your party have voted to cut food stamps. Theyve voted to repeal health care, you talk about a rising tide lifts all boats. How do you talk about a rising tide that lifts boats still filled with the hungry and rising illhealth . I do believe that the rising tide theory is important. In fact, i think its necessary. You got to have a stronger economy. Youve got to have growth. There are five or six things that we should do immediately to get the economy moving again. Dealing with health care costs. And the competitive global economy. Weve got to do a much better job really reforming all of our institutions of our country as other countries have done when we have not. My point is thats not enough. Its not sufficient. The question is how do you come up with ways that are practical, i call it constructive, to actually look at whats worked. And deal with the issues. I dont believe its going to happen from washington alone. By the way, Lyndon Johnson said that later in that same speech which is this is not going to happen in washington, its going to happen in the field. Its going to happen in private homes in public lawsuits from the courthouse on up. He even acknowledged this is not something thats going to happen in washington. But washington has an Important Role to ply. Thats what i tried to lay out in my speech yesterday. Rob, thank you for being with us. Senator rob portman. Tomorrow morning on the show, Glenn Greenwald is going to join us on his new memoir on braying the Edward Snowden story. Coming up this hour, the bouncy house that went from a good time to a really scary scene. What led to these photos. Oh, my god. And what happened to the kids inside. Well be right back. Here at fidelity, we give you the most Free Research reports, customizable charts, powerful screening tools, and guaranteed onesecond trades. And at the center of it all is a surprisingly low price just 7. 95. In fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. Im monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. Call or click to open your fidelity account today. Peoi go to angies listt for all kinds of reasons. To gauge whether or not the projects will be done in a timely fashion and within budget. 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Quicksilver can earn you unlimited 1. 5 cash back on everything you could possibly imagine. Say it with me everything. One more time, everything and with that in mind. Whats in your wallet . All right, gang, so two children in upstate new york are recovering from serious injuries after a gust of wind swept away a bouncy house. You can see the image there. Three kids were actually playing inside. Hey, you can guys take down the lower third. And go back to that other shot. I want to put a perspective how high this thing went. Yeah, go back to the next shot. Just right there. Wow. Look how oh, my god. How high three little children are inside that bouncy house that weve all had, if we have kids. Nicolle, you cant even look at it. My 3yearold loves that. Three little kids. Weve all had these at birthday parties, right our kids have all done them at birthday parties. And apparently, it was staked down. It had been staked down, joe, youre right. This gust of wind came along and blew it up 50 feet in the air. This gives perspective of where the ground is and cars parked nearby. One child escaped with only minor injuries but another boy has broken bones after falling 15 to 20 feet in the parking lot nearby. While the third has a serious head injury after landing on a car. Heartbreaking for the parents. Its just a simple toy that a lot of parents book for birthday parties for their kids. My kids arent going in one of those. Yeah. If parents that dont want them anymore, theres theres a good reason. Im done with the tent. Unless the stakes go down 40 feet to to aquifer. Oh, my gosh, thats horrible. Thomas, whats coming up in the 8 00 hour . All right. A big hour coming up how to think like a freak. Thats what im talkin about. Thats what im talking about. The men behind the book freakonomics are back with tips how to train your brain. And what secretary Eric Shinseki needs to say in his Senate Testimony needs to keep his job. How about i quit. Jon tester is standing by to join us live. Straight ahead. Were back after this. Cars are driven by people. Theyre why we innovate. Theyre who we protect. Theyre why we make life less complicated. Its about people. We are volvo of sweden. I got more advice than i knew what to do with. What i needed was information i could trust on how to take care of me and my baby. Luckily, unitedhealthcare has a Simple Program that helps moms stay on track with their doctors and get the right care and guidancebefore and after the baby is born. Simple is good right now. anncr vo innovations that work for you. Thats health in numbers. Unitedhealthcare. When laquinta. Com sends him a ready for you alert the second his room is ready, ya know what salesman alan ames becomes . I think the numbers speak for themselves. Im sold a selling machine ready for you alert, only at lq. Com. And i get a lot in return with ink plus from chase i make a lot of purchases for my business. Like 60,000 bonus points when i spent 5,000 in the first 3 months after i opened my account. And i earn 5 times the rewards on internet, phone services and at Office Supply stores. With ink plus i can choose how to redeem my points. Travel, gift cards even cash back. And my rewards points wont expire. So you can make owning business even more rewarding. Ink from chase. So you can. Democratic senator from montana a member of the Veterans Affairs committee, senator jon tester. Senator, thank you for being with us. You with all that has come out in the past few years, shouldnt the head of the v. A. Resign . No, i dont think he should. If you look at all the things that are positive from the v. A. , theres a lot from the positive standpoint. I think theyve done a remarkable job, when you consider all the folks coming back from iraq and the injuries to the vets are pretty intense, especially the ones we cant see. I think the v. A. Is doing a pretty good darn job. That being said, if one veteran dies because somebody screwed up on a waitlist, thats far too many. First of all, ive got to say, there are a lot of veterans that would take exception to you saying, quote, the v. A. Is doing a pretty good job. If you think the v. A. s doing a pretty good job. I think you may be one of people in washington, d. C. That think that v. A. Is doing a good job, but maybe one of the few people in america who believe that. I couldnt disi agree with you more. Ive been around the state of montana. Ive talked to veterans for the last eight years. And im not a veteran. Ive talked to veterans. And i can tell you almost truly without exception they truly appreciate the v. A. Is it perfect . Absolutely not. Does it need to be improved . Absolutely. We need to work on it, especially when it comes to Mental Health issues. But overall, i will tell you that the v. A. , and id know its in vogue right now to politicize everything thats going on with the v. A. But the bottom line is, we need to get to the bottom of this, we need to find out if theres wrog doing and hold people responsible. Its not in vogue with all due respect, senator, theres been a waiting list thats been extraordinarily long. An youve got parts of the v. A. That are actually cooking the books. And possibly killing veterans. We need to get to the bottom of that. But i will tell you, the waiting list, we knew was coming. It was coming. And i can tell you that this secretary has reduced it by 45 . That being said, its being increased by 45 , too. Because were having veterans come home from iraq and afghanistan as we wind these wars down. And i think its good were winding these wars down but weve got to be realistic. The fact is, the waiting list is too long. Secretary shinseki has made it a priority. And hes worked hard at it. And he needs success. In the meantime, what has Congress Done . Well, weve had sequestration and shutdowns and anything but certainty to the v. A. So when we see politicians badmouthing the v. A. , theyre pointing a finger at the v. A. And three back at themselves. Thats bad mouthing the v. A. Paul reichoff is bad mouthing the v. A. Hes not a politics. And there are are millions of other veterans for some reason dont share your rosy scenario of the v. A. Let me tell you, the v. A. Has plenty of room to improve. But they do plenty of things right, too. I think if we want to focus on the negative and we dont want to focus on ways to improve the v. A. , then well be right where we are right now. Asking for resignations when we dont have all the facts. We need to get all the facts and then we need to act appropriately. Well senator, instead of focusing on the negative, you come from a big state. Lets talk about accessibility from ptsd treatment. You get in the car and drive for hours some veterans before they get properly treated. What can you do about that . What should the v. A. Be doing about it now . Well, what we need to do, we need to get both in the v. A. And the private sector more Mental Health care professionals throughout. This could be the Biggest Issue fatesing this country over the next 20 or 30 years. What the v. A. Is doing about it, theyre trying to hire as many folks as they can to serve areas both urban and rural. Theyre working on telehealth which is critically important. With success, by the way, even better than eyetoeye work that theyve done with the folks that have ptsd and tbi. Look, it is a business issue. I dont know that weve got one psychologist east of montana. And theres a big area east of billings. There needs to be work done there, no doubt about it. All hands on deck to get it fixed. Senator jon tester, thank you for being with us. Greatly appreciate it. Thank you. I dont get it. I dont its an outrage. Well, you talk about i dont get that, i talk to veterans all the time. We have them on the show. I talk to veterans all the time that wonder why shinseki should still be there. They are killing vets in phoenix. They are cooking the books. I dont know if he if hes lobbying for another facility. In his state. I dont understand that. Well, and you talked about im sorry, that is thats political in itself. That is one of most remarkable disconnects, political disconnects from a guy ive always respected. I dont get that. Hes a good guy. Hes hearts in the right place. But the reality is the v. A. Is an incredible mess. At outrage more senators going the house of representatives, the american flag, we have to take care of our veterans. And even came on saying shinseki who he has covered a long time and he doesnt get it, he doesnt get it, giant should be gone. Im shocked that youve got a United States senator saying this is about politician . Its about vets. Coming up next, yankee great Willie Randolph joins us. Wow. [bell rings] [prof. Burke] at farmers,we make you smarter about your insurance,because what you dont know can hurt you. What if you didnt know that collisions with wildlife on the road may not be covered . And that you could be liable for any accidents on your property . The more you know,the better you can plan for whats ahead. Talk to farmers and get smarter about your insurance. We are farmers bum pa dum, bum bum bum bum [announcer] call 1800farmers and see how much you could save. Now former second baseman, now coach for the yankees, Willie Randolph. Were just talking about what youre doing now. You managed the mets for how many seasons . Three and a half years. You had a great run as a coach and player with the new york yankees. Whats next . I hope i get the shot to manage. I got the opportunity and lived the dream. I grew up in brooklyn, new york. I rooted for the mets as a youngster. I got a chance to manage the team. My life has been really charmed and really blessed. And then also captain of the yankees. Living both worlds and just understanding the game has been good to me, i love the game but id like another shot and see if i can get better at it. You ought to get another shot. Your career with the yankees spans almost 30 years. You put it all together and you saw some things. Yes. You were there for reggie jackson, you were there in the 80s with don mattingly, you saw jeter come up from the minors and watch him grow under that great yankee run with joe torre. Can you put into words what the experience was for you . It was a great experience for you, a 21yearold kid to be a part of a world series championship. The yankee way means a winning tradition, a legacy thats rich in championships. Everyone cant win, its not easy to win championships. I was fortunate to get traded by the pirates to the yankees and it just took off for me, again, storybook. The yankees for me are about family, tradition. The steinbrenners gave us an opportunity to win. I was fortunate to play with great players, hall of famers. How would you like to be joe girardi trying to handle jeters farewell tour . How hard is it to know when its time . The players dont know its time. Your hear feels i can do that. I went through that a little bit with mike piazza. He did a great job of saying you got to give me a day off, im okay with this. Derek is a different thing. Its got to be a tough thing for a father and son to go to the game and jeter has the day off. Its a tough, tough pill to swallow. When you talk about the hear, though, do you have a conflicted heart when it comes to new york and mets and yankees . I know the book is called the yankee way but you grew up a mets fan. Do you have a conflicted heart over where your allegiance really lies . Im conflicted but the best of both worlds. When you manage a team, its like a father son. As a player, you leave it on the field. I enjoyed playing more than managing. But when you think about me, im a yankee. You know, i got the World Championship rings, i was captain of the team. The ring says it all. Distracting. Were all surprised you didnt say the mets way. And i was the honor of being one of eight yankee captains. That was special. I probably have some pin stripe blood in my veins but the love the mets. That ring, though, look at that bling. This was actually, 2000 world series. Imagine living in this town . This was the most nerve racking. The true subway series. Theyre going on right now but had is the real subway series. There a lot of great stories, including the one where you went to Yankee Stadium as a fan and heckled derek jeter. You got to read the book. Still ahead, Magic Johnsons reaction to Donald Sterlings socalled apology. That was an apology . I dont think so. Youre watching morning joe. But did you know we also support hospitals using Electronic Health records for more than 30 million patients . Or that our Software Helps over 20 million smartphone users remotely configure email every month . Or how about processing nearly 5 billion in electronic toll payments a year . In fact, todays xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. With xerox, youre ready for real business. Scotts wraps each seed in a brilliant water smart plus coating, that feeds, protects, and holds in moisture to make growing thicker, healthier grass easier. Now lets spread your newfound knowledge seed your lawn. Seed it i tr ied depend last weekend. It really made the difference between a morning around the house and getting a little exercise. Unlike the bargain brand, depend gives you new fitflex®, our best protection. Its a smooth and comfortable fit with more lycra strands. Get your free sample at depend. Com. How much money do you think youll need when you retire . Then we gave each person a ribbon to show how many years that amount might last. I was trying to, like, pull it a little further. [ woman ] got me to 70 years old. Im going to have to rethink this thing. Its hard to imagine how much well need for a retirement that could last 30 years or more. So maybe we need to approach things differently, if we want to be ready for a longer retirement. If we want to be ready for a longer retirement. When la quinta. Com sends sales rep Steve Hatfield the ready for you alert, the second his room is ready. You know what he brings . Any questions . Can i get an a, steve . Yes three as he brings his agame the ready for you alert, only at laquinta. Com there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked giants stood tall and the good queen showed the boy it could all be real avo whatever you can imagine, all in one place expedia, find yours youre an emailing, texting, master of the digital universe. But do you protect yourself . Apparently not. When you access everything, you give everyone access to everything about you. But thats ok. While you do your thing. [ alert rings ] well be here at lifelock, doing our thing. Watching out for things your credit card alone cant. [ alert rings ] and relentlessly protecting your identity. Get lifelock protection and live life free. [ alert rings ] suffered brain damage. Karl rove better be careful of what hes talking about because karl rove saying somebody else has brain damage, yeah, take a look at this and then well talk about it. Tell me you never saw this man move, doing the dance, the karl rove dance sickening, isnt it . Welcome back to morning joe. Mike barnicle is with us, steve rattner, mark halpern and joy reid. Thinking on the whole brain damage thing. We picked through that a couple of years ago. He didnt say brain damage but said was wearing glasses that suggested he had a traumatic brain injury when of course these are the same type of glasses that you wore in college. Those milk bottle glasses. From the yale days. You remember that. I think this will go down in history as a miscalibration by carl because of of the way he let it come out. Im not 100 certain he wanted this in the blood stream. This was a private event. People can say, as nicole did yesterday, people had no know this was going to come up. He had to know this was going to come up. But the cleanup was not handled well either. What she said in private obviously is in private. Obviously she didnt have brain damage. I just disagree with her on issue. The Republican Party is in crisis right now. Doesnt look like jeb bush wants to run, people are worried about chris christie, theres another other establish candidate. The big gun, the big brains at the president ial level is what can we do to intimidate Hillary Clinton from running or try to make the conversation about her about the past and negative. I think thats part of the package that carls part of now but i dont think he planned this. Well, joy, this sure isnt a way to intimidate her. If i had my opponent throwing a wild charge like that at me or lets say a member of my family id go, okay, well, so theyre going to just hand me this election then, arent they . It was a stupid thing to say and it was stupid to not back down from it. Yeah, i mean, the source of it obviously hes now backing off saying he didnt really say that but it comes across, if true, as a schoolyard taunt, needlessly petty and small, a stupid insult. As somebody who grew up wearing glasses, it comes across like a schoolyard, foolish taunt. It doesnt in any way get to Hillary Clinton as secretary of state. Like what youre supposed to go after if youre being serious about running against her is the actual content of the work shes done as a public figure, the content of what she did as secretary of state. This petty stuff and speculating about her having brain damage, it isnt even serious politics. And talking about her being old, when karl rove says shell be 69 if she wins, 77 when she gets out, you know what i think . Think of Ronald Reagan, who was 69 when he was inaugurated, 77 when he was out. I would take eight more years of Ronald Reagan. I know a lot of people would. But republicans, who are listening to karl rove, i dont even think republicans get it. Cant you just see Hillary Clinton saying to rand paul im not going to use the youth and inexperience of my opponent against him . Exactly. Youre reminding people she has a lot of experience in public life. People who know her and know politics understand shes a serious person. The Republican Party is in existential crisis right now. Their kind of republicans now are trying to disqualify her. Its the strategy president obama used to disqualify mitt romney. Theyre saying our only hope of winning now until we have a candidate that can match up with her until we have a candidate in the electoral college, is to disqualify her. Thats where the energy is now. Is karl rove more wary of Hillary Clinton or more leery of the existing republican field . He would like a horse to get on. Until they have a horse, theres a oneword Job Description for the party right now, who can beat her . They dont have anybody gungho who can beat her, to try to start enough noise who can beat or damage her. The Tea Party Got a muchneeded primary victory last night, some are saying. The nebraska former bush official, ben sasse captured more than half of the votes. Hes scored endorsements from sarah palin and ted cruz and outside groups including club for growth. They spent millions on sasse. When he called out senator Minority Leader Mitch Mcconnell to show some, quote, actual leadership on obamacare but yesterday he down played that rift and told chuck todd he would absolutely support Mitch Mcconnell as leader. And pete rickets, businessman who won the primary in nebraska had the backing of ted cruz, who campaigned out there for him. So ricketts has to be the favorite for that state. A lot of Tea Party Got behind him and establishment got behind him as well. He was a unifying candidate, wasnt he . But he is an outsider. Mcconnell is someone who will come to washington like senator johnson of wisconsin or mike lee from utah, hes not going to come and play nice. I dont think hell be as far outside the mainstream of the party in terms of attitude as ted cruz. Hell be a senator and Peter Ricketts will be senator most likely. And Magic Johnson was first dragged into this controversy after sterling confronted his then mistress over a photograph. Stiviano posted the image of Magic Johnson on it instagram. Sterling told her not to bring magic or any other africanamerican to clippers game during that original racist rant and then sterling went after Magic Johnson again, this time, believe it or not, for having hiv. What has he done . Can you tell me, big Magic Johnson. What has he done . Well, hes a business person, he hes got aids. Did he do any business . Did he help anybody in south l. A. I think he has hiv, he doesnt actually have fullblown aids. What kind of guy goes to every city, has sex with every girl and then he catches hiv. Is that somebody we want to respect and tell our kids about . I think he should be ashamed of himself, he should go into the background. But what does he do for the black people . He doesnt do anything. Heres a man who we would think would be educated and a man who would is smart enough to build this type of wealth and own a team, to have an incredible platform to change the world but hes doing it in a negative way. Hes reaching. Hes reaching. Hes trying to find something he can grab on to to help him save his team and its not going to happen. Am i upset . Of course. But at the same time im a god fearing man, im going to pray for him and hope that things work out for him. The problem is hes living in the stone ages. He cant make those comments about africanamericans or latinos. He just cant do it. Joy reid, why dont you tell us what Donald Sterling is thinking when he goes on tv and says that . The only thing i can think of between that and what he said to v. Stiviano on the phone, heres a man who has a desenep sense o inadequacy, just his girl friend being a picture in Magic Johnson what kind of fool would say that . He has to know, does he not . We all know what Magic Johnson has done in communities and cities over the past 20 years. The investment, the financial investments, the risk he has taken to help the disadvantaged, hes done so much. Forget the ignorance about aids or hiv, the more ignorant statement has to do with the fact that magic has been doing exactly what he said blacks should do. Its insanity. Hes a deeply ignorant man who obviously knows very little about Magic Johnson other than the way he makes him feel. This is Magic Johnson in the 1980s the idea of hiv aids terrified people. Magic johnson probably more than any other Single Person has humanized the issue of hiv, has made people understand it in the real sense. It is considered heroic in the africanameric Africanamerican Community both for the way he has contributed to the community and why doesnt Magic Johnson age . Magic looks like he did 25 years ago. Hes magic. Thats right. Hes magic for a reason. You have lebron coming out and saying he will not play basketball next year if this creep is still running the clippers or has anything to do with the clippers. Im not that familiar with the nba board of governor rules and apparently if the majority of owners is against sterling returner so he will be done. The larger issue, joy alluded to it, do you remember the day the news broke that Magic Johnson and hiv . Of course i do. At that stage of the hiv crisis, he provided its impossible for people too young to remember but there was such a panic. I remember americans going to restaurants and feverishly wiping down their silverware when they got to restaurants because they were afraid they were going to get, posed to the hiv virus. Magic put a loving face on the epidemic. We all thought, oh, my god, in two, three years magic is going to be dead . Thats right. No, that was a turning point in that battle that we owe an awful lot to magic for as you were saying, joy. Arthur ashe and Magic Johnson are the two people who did more to end the panic for hiv aids than anyone else. The federal government refused to use the word aids, people fighting for basic drug care. People thought he would die almost immediately. His survival in and of itself but also his really just incredibly dignified champion of just living with hiv, besides the fact that he was just an ignorant fool who should be out of the nba, that is stupid. Magic of 91, thats the on thing people would be thinking about now. Now thats way down on the list. People dont even think about it. Talking about living with hiv and making a big difference in american society, the guy did it. Joy, thank you for being with us. Do you know what your show is going snto be . Were going to be talking about this and were going to be talking about the nigerian girls. This is a very personal issue to me and were going to stay on that story until we see a resolution. Thats great. Cant wait to watch that. Are you following my advice . My staff can hear this, by the way. I told her to stay at home, relax. Ive done it a couple of times. Pixar has swimming pools and volleyball courts. You got to be in the right mindset. Do not come in here for your meeting. Im talking to the staff. Dont watch this, just this part. Its not about you, its about joy. Coming up, our reaction to the interview of time geithner with larry kudlow. And calm down Brian Sullivan, boy, hes fired up. Coming up next, speaking of freaks, the authors behind freakonomics are coming up. They want to teach you how to think like a freak. Bill karins, what do you have for us . You cant say freak and lead into the weathercast, joe. Were into some freaky weather. It was only 66 degrees in san antonio, it was 92 in washington, d. C. And out west, an incredible heat wave on top of this historic drought. Lets add in the santa ana winds and its one of those days of firefighters are going to be gearing up and be ready. Its a very dangerous day. Winds could gust in the mountains up to 80 Miles Per Hour. 80 Miles Per Hour and 100 degrees. Thats like having a hair dryer blower. Record heat expect, 100 on thursday. They dont cool off in Southern California until friday and especially the weekend. Heavy rain and possibility of a few severe storms, maybe isolated tornado or two, it goes through pittsburgh, columbus, louisville, tupelo. If you have any problems at the airport, it will most likely be with the thunderstorms. How about los angeles, 101 today. Early in the season for that. Youre watching morning joe. Well be right back. And youre younger than you realize really. So our business can be on at ts network for 175 dollars a month . Yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. New at t mobile share value plans. Our best value plans ever for business. Thats odd. vo celebrate this memorial day with up to 40 off hotels at travelocity. Plus, Enter Promo Code memorial50 for an additional 50 off. gnome go and smell the roses. Female narrator the mattress price wars are on the mattress price wars are on at sleep train. We challenged the manufacturers to offer even lower prices. Now its posturepedic versus beautyrest with big savings of up to 400 off. Serta icomfort and tempurpedic go headtohead with three years interestfree financing. Plus, free sameday delivery, setup, and removal of your old set. When brands compete, you save. Mattress price wars are on now at sleep train. Your ticket to a better nights sleep. Hey, with us now, its the wildly popular freakonomics series, authors Steven Levitt and steven dubner. Theyre out with their latest installment. I like the first one, think like a child. We dont want to make our way through the world like 8yearolds exactly because there are a lot of things kids need to do that they cant do. But what they can do is be relentlessly curious, and their brains are physiologically sharper. Were start to deteriorate at about 22 years old. We suggest people channel the inner child as best as they can. Especially when youre trying to come up with good yquestions an creative solutions. Give us an example how you can do that at work. Think like a child . Yes. Kids dont know anything about the world and they have a lot of solutions. A lot of answers people come up with people think youre nuts but and also learn to say i dont know. And as adults we tend to present a theory or possibility as a certain tear. Put away your moral compass. We dont mean to say people shouldnt be moral. Nobody wants to live in a world where people dont have a strong moral compass. But if youre trying to solve a problem and you walk in thinking you know whats the right thing to do and whats wrong, you will exclude a whole set of possibilities. Put your moralali itit itit iti aside and you can come back to it later. Also in the book i still think you can be an astronaut. Id like to if we still had nasa. Youre limiting yourself. He already looks like an astronaut. Thank you very much. Could have been. You talk about dont be afraid to quit. A lot of people, once we get on a certain path, we dont want to trigger any type of failure in our lives because we get comfortable with being on a path. Why do you try to get people to not think of that as a bad thing. Quitting and failure are two different things. The worst failure is looking back at our life and doing the same thing and wondering why you do that. The people who quit are happier than the ones who dont. From freak to frank. You tell great stories. Tell bus the hot dog eating contest and what lessons he teaches ees us. I love this story and this guy. Kobiachi, he wanted to solve the problem and he approached it totally differently. Instead of doing what everybody else did, fasting, starving themselves, instead of thinking how can i eat more hot dogs, he thought how can i eat one faster . He broke the process down and the first time out doubled the world record. From like 25 to 50 . It would be like usain bolt running the world record in like 4. 5 seconds, somewhere between a taxi and a cheetah. Weve heard about creative destruction, that does lie at the heart of it. Like you said, you dont drive the car off the cliff. Sometimes well, all of this is about getting out of your comfort zone and not doing what everybody expects you to do. Absolutely. Its about thinking. Its about not just sleep walking through life but thinking about what you want to do and taking control and doing it. So who is your favorite freak that you studied that put the big light bulb over your head . Barry marshall was an australian medical young doctor who figured out what causes ulcers, okay . It doesnt sound like a big game he also figured out what causes stomach cancer. At the time ulcers were thought to be from stress and stomach issues. He went and found out it was about bacteria and solved stomach cancer by looking at a problem, asking questions, hey, what are those bacteria being here, was ostracized by the medical community and finally was recognized and won the nobel peace prize. I know hough to eat a hot dog faster now. And you can go out for thai food to celebrate. Let your freak flag fly high. You can read an excerpt on moj mojoe. Com. Coming up, your favorite internet stock is most likely collapsing. I told up not to invest in pets. Com, you didnt listen to me. Were going to dig into it when we come back. When salesman alan ames books his room at laquinta. Com, he gets a ready for you alert the second his room is ready. So he knows exactly when he can check in and power up before his big meeting. And when alan gets all powered up, ya know what happens . I think the numbers speak for themselves. Im sold hes a selling machine put it there. And there, and there, and there. La quinta inns suites is ready for you, so youll be ready for business. The ready for you alert, only a laquinta. Com la quinta that, my friends, is everything. And with the quicksilver card from capital one, you earn unlimited 1. 5 cash back on everything you purchase. Not just everything at the hardware store. Not everything, until you hit your cash back limit. Quicksilver can earn you unlimited 1. 5 cash back on everything you could possibly imagine. Say it with me everything. One more time, everything and with that in mind. Whats in your wallet . Female narrator the mattress price wars are on the mattress price wars are on at sleep train. 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And why does that happen . Its because the lights going out. Its like the power grid not functioning. If the economy cant get oxygen, just to mix some more metaphors, companies can borrow, then businesses fire people on a brutal scale and that produces those set of conditions. Panic leads to crash. Thats why those things are so damaging. And they have massive innocent victims in that context. How close were we . We were right at the edge. Paulsen wrote he thought we were three days away from the atms not working. People were talking about burying gold in their back ya s yards. They cut out the part where they explain thats exactly what mika is still doing, burying gold in her back yard, west chester, south of france, all over the place. That of course was tim geithner earlier. Mike barnicle did not have a lot of nice things to say about elizabeth warren. I dont think he likes elizabeth warren. I dont know that he doesnt like her. But i think he clearly felt abused by her in the settle of setting her up for questioning, youtube moments rather than oh, i think he doesnt like her. Okay. Were going to talk about that and much more. Were going to ask why too big to fail has got i dont know even bigger. Brian sullivan is trying to recover from yesterday. Larry kudlow, miles neddal, a cast of thousands will be with us when we return on morning joe. Are those made with allbeef, karen . Yeah, theyre hebrew national. But unlike yours, theyre also kosher. Kosher . Yeah, theyre really choosy about what goes in. So, only certain cuts of kosher beef meet their strict standards and then they pick the best from that. Oh man whatd we do . Theyre all ruined. Help yourself oh no, we couldn. Okay thanks. When you hot dogs kosher, thats a hot dog you can trust. Hebrew national. The was a truly amazing day. Without angies list, i dont know if we could have found all the services we needed for our riley. 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What i needed was information i could trust on how to take care of me and my baby. Luckily, unitedhealthcare has a Simple Program that helps moms stay on track with their doctors and get the right care and guidancebefore and after the baby is born. Simple is good right now. anncr vo innovations that work for you. Thats health in numbers. Unitedhealthcare. Can we just stop saying the Republican Party. As someone who grew up in a conservative household, i dont recognize the Republican Party of even my youth. I dont like what i see. I dont like the far right, i dont like the extremism. Theyve pushed me away. As somebody who is pretty much not religious, right, pro samesex marriage, pro legalization of marijuana for the most part, okay, what party is this . What party am i supposed to be in when im a fiscal conservative who believes that small government can often be better. There are times for larger government. So we keep saying the Republican Party and i love you guys and i love the show and i come on all the time but i dont know who the Republican Party is anymore. I dont know in the Republican Party knows its not a party i can get on board with because i dont like the small minded attitude, a lot of the rightwing stuff that comes out. Well, come on down, come on down. Give this guy a cup of decaf. A ticket to new hampshire. That was Brian Sullivan on our show yesterday. Brian is back today. Lexapro is doing a remarkable thing in his life for the past 24 hours, along with larry kudlow and miles nadal. Brian sullivan, i hear not just republicans but a lot of conservative republicans that oppose obamacare, that oppose higher taxes, that oppose more regulations, that are larry kudlow and Joe Scarborough conservatives who say you know what, just keep the crazy at home, we want to actually win elections and change america for the better. So i dont know that youre i mean, im hearing this from the most conservative, ideological people out there, which is just stop winning election. By the way, i want to thank everybody for the support. That was obviously unexpected and a little bit out of character. I appreciate everybody writing in. You didnt just win the academy award. Its like baseball. If the pirates bat. 320 as a team but every team bats better and they keep losing, does l thr batting average really matter . The republicans have lost five out of six of the last popular elections . Weve last five out of six elections. Larry kudlow, people are doing some really, really stupid things. Harry reid should be going to boxing matches in nevada in his pajama and flipflops. He should have been beaten. Keep your eyes open. Hes on the ropes. I think this is a year where the big tent philosophy is going to work pretty nicely. It worked last night in nebraska. Tea party support. The republicans are going to have the upper hand on Economic Growth and obamacare. Tease are very important issues. With all respect to brian, i am not in favor of legalizing pot, i never will be in favor, i dont think the Republican Party should be in favor of legalizing pot, but if a state wants to do it, let the state do, it dont get in the way. I would say the same thing regarding certain key social issues. If certain states want gay marriage, thats up to the state. But the national party, lets focus on getting america back to work, right . And youre going to see that, is going to be the big theme. This is the worst economic recovery since world war ii, the job situation still remains very difficult and, frankly, obamacare is not only bad for the economy, its going to be bad for health care and health care costs. My advice to the gop, big tent is number one and, two, keep your eye on the balls that really matter. Steve rattner, every time on the house floor we started getting to social issues, the Republican Party would split, work, jobs, taxes, regulation, getting people back to work, wed be united. This economy, a lot of unrest in the economy. Unemployment numbers are going down. Last quarter that we flatlined, maybe because of weather. But you have a great chart here talking about how weve got two americas. Weve got the america on wall street thats setting records every day and weve got the america on main street thats been losing real wages since 1973. Its true. The stock market has been hitting new highs pretty much every day. Its up 32 last year, 3 this year. Is there a bubble . Is there a bubble . Im sure people on this panel have an opinion about it. Looking at the pricetoearnings ratio, how expensive is the stock market in this goes back to 1910 and uses a measure developed by robert shiller, an economist. And its not as high as it was in 1929 and its not as high as it was in 2000 and not quite as high as it was in 2007 but other than that, it is higher than its been. Does it mean the stock market can keep going up some more because of these irrational bits of exuberance . Sure, it can. But your chart doesnt end were in a bubble now . It suggests stocks are on the expensive end but not in the bubble weve had before. Explain what happened to internet stocks. Look whats happened. Twitter down 47 , groupon down 46 . Some of that are questions that have questionable business models. I dont think many think groupon is the greatest business in the world, twitter when it went public, the valuation was crazy. The whole market is sort of rotating at the moment away from internet stocks. Can i make one point . Steve is right as far as this chart goes. This is a tenyear average of pricetoearnings multiples. Now, bob shiller is a smart guy. Im not here to put him down, this is not necessarily the best way to measure it. Look at last year or this year or a year ahead,or really around 15 times earnings and thats not bad. My advice, sometimes kudlow is right, sometimes kudlow is wrong, i wouldnt jump out of the market right now. Housing and consumer spending. Housing is stable temperature it stable. Larry said trade at about 16 times earnings currently. And on that basis the s p 500 could be 1950, 1975 next year. S p earnings are supposed to be 117 this year, gross 6 . If you believe what Lee Cooperman says, which is stocks are the best house in a good neighborhood currently, theyre fair live priced. Theyre not cheap in relation to what theyve been historically and theyre not over live expensive. So why is main street still suffering and why is wall street doing so well . When you look at the Unemployment Rate that has declin declined, its mostly because people have left the workforce. Theres only about 150,000 job being created monthly. The answer is simple. Why has main street suffered and wall street done so well . Because wages have not increased, and what hasnt gone into wages has gone into corporate profits. Workers are simply not sharing in this prosperity. The wage point is exactly right. Its exactly right. And i think thats because of the slow growth in the economy and i think thats because of poor economic policies. But i want to make a point, wall street versus main street. No, wont buy it. 50 of the households in this country own stocks. When you talk about main street, union people, cops, fire, teachers are all in Pension Funds and the Pension Funds are doing very well because the stock market has done very well. In queens your cop is making 120,000 a year, your school teach ser making 120,000 a year, theyre putting some money into Pension Funds and that money is being matched and then some. Those Pension Funds have gone up a lot since the bottom in 2009. Teachers make 120,000 a year . How much . Did you say they make 120,000 a year . In this city . Absolutely. Look at the recent de blasio settlement, its going to be more than that. How much is the market in unrest in ukraine and overseas . They dont seem worried at all. The bond yield has gone down. But to stevens point, the stock market continues to go up. Perhaps we are the cleanest dirty shirt in a bag of laundry. Do i want to push back a little on what steven said, incomes have not gone up, that is well founded, well known, accurate. But lets not forget corporations have paid out this huge gain in money to health care over the last 20 years. Any corporation will say we have given our employees a raise, it just hasnt been in their paycheck, its been in benefits. If the president S Health Care plan works and does as advertised, if we can bend that down, corporations will then transfer some of those savings to workers actual paychecks. Thats a fair point. But the balance of the evidence is workers have not had much pay increase. To larrys point, sure. Has some direct interest in the stock but the vast preponderance of the gains in this stock rally have gone to the famous 1 . I just dont think the evidence supports that. Im not making this stuff up. Half of the households in this country either directly or indirectly through Pension Funds or 401 k s and what have you own shares. The most important issue is about job creation. If the Republican Party focusses on that single issue about job creation throughout the entire economy, especially in small business, that is the critical issue. Way to stimulate the economy and benefit main street is through job creation. And thats the gop message inside the big tent. If they stick to their knitting on that, theyre going to do very well. All they need is a policy now. Well find it. At least we have focus. Thats what we need. Thinking like a child, thinking like a freak. Larry kudlow, good to have you all here. And harry reid on the Koch Brothers when we come back. Afghanistan, in 2009. Orbiting the moon in 1971. [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protection. And because usaas commitment to serve current and former military members and their families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it means to serve. Little things, anyone can do. It steals your memories. Your independence. Insures support. A breakthrough. And sooner than youd like. Sooner than you think. You die from alzheimers disease. We cure alzheimers disease. Every little click, call, or donation adds up to something big. Alzheimers association. The brains behind saving yours. For 175 dollars a month . So our business can be on at ts network yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. New at t mobile share value plans. Our best value plans ever for business. This guy spent millions fighting to outlaw online g gambli gambling, fighting organized labor. He gave 90 million to republican candidates. Perhaps he thought theyd help him take on radical islam and unions. Harry reid is going to crush this guy. Dont pick on him. Did you say dont pick on the billionaire who puts millions in politics, why . Hes in this because he has certain ideological views. What the [ bleep ] difference does that make . Well, what are his ideological objections to Online Gambling that the largest owner of inhouse gam blebling has . I cant tell over the internet who is underage, i cant tell who has financial difficultie difficultie difficulties, i cant but if you come to my iy cas, you dont enter without filling out a comprehensive financial questionnaire. This weekend, visit knowyourvaluect. Com. Gayle king will be there delivers the key note address. Mika is going to be there. And get this, shes going to give away money, mark halpern. Money, money, money. Shes going to have women there all over the state, pitching about their value. 10,000 bonus. Donny deutsch and i of course are going to be helping. Its going to be good. Is it a beauty contest . No, it is not. Its amazing, these women who want to go in business are pitching their value, asking for a raise and why they deserve a raise. Coming up next, what, if anything, did we learn today . Master of diversification. Who would have thought three cheese lasagna would go with chocolate cake and ceviche . The same guy who thought that small caps and bond funds would go with a merging markets. Its a masterpiece. Thanks. Clearly you are type e. You made it phil. Welcome home. Now whats our strategy with the fondue . Diversifying your portfolio . E trade gives you the tools and resources to get it right. Are you type e . When laquinta. Com sends him a ready for you alert the second his room is ready, ya know what salesman alan ames becomes . I think the numbers speak for themselves. Im sold a selling machine ready for you alert, only at lq. Com. All stations come over to mithis is for real this time. Step seven point two one two. Verify and lock. Command is locked. Five seconds. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. There was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked giants stood tall and the good queen showed the boy it could all be real avo whatever you can imagine, all in one place expedia, find yours time to talk about what we learned today. Thomas, what have you learned. That we can have our freak flag and let it fly high. Well have more the freakonomics guy coming up more after mojoe. What did you learn . The clippers were robbed and need a new owner zip learned if i want to be an adult, i have to think like a child. The veterans have to take a twohour drive to find a psychiatrist in los angeles. And i learned the v. A. Is doing a good job. I dont understand that. If its way too early, its morning joe. But stick around, heres chuck todd with the daily rundown. If its wednesday, its victory lap day. Will it be a tea party pulse in nebraska, a democratic deferral in West Virginia and did book are feel a backlash in new jersey . Also this morning, terrible tragedy overseas as hundreds are dead in a turkey coal mine collapse. Well have an update on the rescue team still trying to save some trapped workers. And back here at home, the s didnt stand for station but some senators want to put Harry Trumans name on