from. ing ofly the issuers don t want to have bad ratings and there is a conflict of interest. had they done that, we would not have had the huge debt bubble, housing bubble. when it burst we would not have had the huge great recession at the scale of which required the government bailout of wall street, a stimulus package, a lot of things that are now contributing to the debt we have today. so it s a double irony, not only is standard & poor s not doing the job it ought to be doing today, it didn t do the job it should have been doing then, which got us into the trouble we are in today. robert reich, former labor secretary, thank you very much for joining me tonight. thanks, lawrence. up next, congresswoman jan schakowsky on the new pressures put on the congressional super committee to reach a compromise on the debt. and later, political reports rick perry will make a major announcement on saturday while everyone else in the political world is concentrating on the