talking about the economic recovery, the guy almost in charge of the recovery, the fed chairman and we don t want to do anything to dampen it. and, obviously, one argument would be raising taxes on the wealthy including a lot of small business men in the top tax bracket will hurt job creation, and, in addition, you are now getting from democrats, three top democratic senators are now breaking with the orthodoxy of the white house and congressional democrats and saying, you know what, maybe we should extend the bush tax cuts, not just the middle class but the wealthy for a couple of years until the economy gets on a sounder footing, it will be a big issue between now and november. eric: do you think it will gain traction? this blue dogs in the house and the democrats started a new caucus going after the financial mess. well, i don t know. it is hard for the president to climb down and for speaker pelosi, to this week reaffirm and as you said, tim geithner
. new video showing the frantic moments during the stampede that killed 19 people at the event, yesterday. the stampede taking place in an overcrowded tunnel that serves as the festival s only entrance. check out the panic crush of party-goers, people literally climbing because, trying to escape their lives. and police are facing tough questions, as to why they were forcing hundreds of thousands of folks to funnel through such a small area. treasury secretary tim geithner this morning saying that letting bush-era tax cuts for wealthy people expire is the responsible thing to do. that issue, the latest political battle in congress, ahead of the mid interpreter elections. democrats say that letting the bush tax cuts expire will help the economy. republicans say the bush tax cuts should continue, letting it go will hurt taxpayers. here s what former house speaker
knu newt gingrich says how this on fox news sundays. this is the first time since the great depression we ve had this level of unemployment continue for more than a year i think, it is because you have job killing policies. this is where the governor, he and i deeply disagree, the stimulus package is fundamentally wrong and trickle down bureaucracy doesn t work and the tax increas increases b in the health care bill will further hurt the economy. eric: chris wallace, the host of fox news sunday joins us as he does every sunday at this time. good morning. do you think the bush tax cuts, will be lightning rod for the midterms. i thought it wasn t going to be, i thought there was going to be a different between the republicans and the democrats, and, that it wasn t going to be one of the key ones but it seems to have become a big issue, because of the fact that, two things, first of all, you have ben bernanke, the fed chairman
which could make your second act better than your first. merrill lynch wealth management. nbc news has learned that the president is considering at least eight candidates to replace justice john paul stevens. his decision could set off a battle in congress, one that would carry us straight into the fall elections. with me now, bob shrum and pat buchanan. great to see you guys. let s talk about what direction the president should take. there are a couple of new names on this list. we re talking not only of the judges and the solicitor general, elena kagan, jennifer
it would be best to avoid leaving this key position open only in an acting capacity. so if, you know, dodd/frank spells it out, this is what would happen, the deputy would become, you know, the acting director, why would the president, you know, direct his omb to be the director? why would that appointment be made knowing that it could now be a battle in congress and in the courts? how is this advantageous for the white house? well, it s advantageous for the american people because what we have to understand is why hillary might be correct in saying this is an important agency to the american people, what we ve seen in the past is when you have bureaucrats and government who are allowed to make decisions, regulatory decisions, that can have adverse impact on the american people. you look at what happened with the irs and with lois lerner and targeted groups, challenging their tax status. you look at what happened under