welcome back to the ed show. love hearing from our viewers. thanks for the questions. tonight, first question from tom in ask ed. if the tpp passes, how quick until the economy tanks? well, tom, it depends upon which economy you re talking about. first of all, wall street is not going to tank. this is a great deal for wall street because they re going to get merging markets, go places where maybe they haven t been in other countries. and so i don t think that this is going to hurt wall street at all. but i do think it s going to hurt the middle class. i think it s going to depress wages in this country, and i do believe that the tpp could run us into double-digit unemployment for a long, long time. and this conversation we re having right now about long-term unemployed and extension of unemployment benefit, we ll have that conversation for a long time too. it will be a slow drip, but it will be a consistent drip and it
entirely new economic recession, do they blame the incumbent party? or do they blame do they recall the blame for what actually occurred? it s not entirely clear, and that s why some republicans may say, if the economy tanks, they blame the democrats. of course. dana milbank and jonathan, thank you so much. coming up, would a late deal on the debt ceiling have any chance of survival in the house? we ll talk to a house democrat to get his insight straight ahead. stay with us. you can t always get what you want but if you try sometimes we might find you get what you need the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we ve added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts
the shutdown and not about the glitches in obama care, the popularity of the president s health care plan has risen seven points in just a month. and you ve got to say that s because of all of this. yeah. despite the problems that have developed. they stepped on their own message. poll found most americans totally fed up with congress right now. 60% say they would vote to replace every member of congress including their own representatives. they always say that. you know, and then they don t vote out their own representative because the districts are so gerrymandered and polarized. what that shows you is that there is insecentive obviously aside from not raising the debt ceiling, there is incentive on both sides to get something done because fif the economy tanks it s going to be terrible for all of them including the president. that s why the president earlier this week put his caucus on notice and said to democrats, look, i may have to give john
testosterone test, if you will. harry reid is the leader of the senate, and he felt he was sold out, that joe biden came in and did his job. when he negotiated with mitch mcconnell. and the administration gave up too much in the view of some democrats in those negotiations. so harry reid s point is i m the point person in the united states senate, respect my job, mr. president. i have had your back in a lot of fights. don t go around me or behind me. the problem is with zero trust, the president is betting that john boehner gets to the point where he sees the republicans getting most of the blame and perhaps the majority going away and he blinks. the speaker is betting on the fact that the president sees the prospect of default and even though the republicans get more of the blame, if the economy tanks, what happens to the president s second term? then he will blink. the only way to get this done is to put them in a room and if they don t trust each other, leave them there until th
the removal of mr. morsi and we may get another democratic party winning the next election is removed and the civil unrest that is taking place in egypt. this is the problem. interimly, military generals are not known for long term economic reform. can you see this cycle continuing? the economy tanks, people take to the streets, political instability and a new leader comes along? yeah. how do they get out of this problem? we have the elections. they have the task of imp limiting measures. it s going to antagonize the population. the stock market is likely to rally on the back of that. on a broader level, for the next few months until we do have a