better than a bully in the white house. let s end this three-ring circus in washington and let s make this election about reclaiming our future for our kids and our democracy. empty promises won t beat donald trump, i can. governor jay inslee. good evening, i m jay inslee. i am running for president because the people in this room and the democrats watching tonight are the last best hope for humanity on this planet. if, if we make defeating the climate crisis the top priority of the united states, we will have a fighting chance to save ourselves and our children s future. it has to be our top priority. my plan is one of national mobilization. quickly bringing 100% clean energy to americans, creating 8
this default is going to do to (!uj$juáñ joining us now is ezra klein, columnist for the washington post and bloomberg and also an msnbc policy analyst. hi, ezra, it s nice to see you. good evening, good to be here. thanks, listen, so i ve been watching you, you know, writing recently about boehner one, boehner two, we could talk about, you know, obama circa june, obama circa july. it s really a three-ring circus in washington that we re all looking at, but tell me, is there something that we should be focusing on about the effect of this default on the average american? has that been overlooked? it has been, look, if only this were merely a three-ring circus. turns out to have many more rings than that. the problem with the default argument, what you hear from the republicans, this is the central factor driving the debate, there are a lot of republicans in the house of representatives okay going past august 2, 8, 10, or
direction and now is on pace to have its worst week in nearly a year. one reason is wall street s uncertainty about washington. their uncertainty our political leaders will save the country from economic calamity. as one wall street executive put it today, quite obviously, confidence in our political system is beginning to fade. now, our goal here is not to make you or the markets any more afraid than you need to be. in fact, if you are the free hand of the market, go now to your happy place for just a minute while we get through the day s news, because the truth is, the stock market has good reason to be worried today. at this hour, there is still no deal in washington to raise the debt ceiling, and thereby calm the markets, soothe and pet them, the markets and investors around the world. in fact, today s developments were less calming and more
congressman jim jordan yesterday, but today, late in the day, starting to seem like speaker boehner s fortunes were changing. his debt ceiling proposal was reevaluated by the congressional budget office and he pitched that plan to republicans in the house with some very persuasive language, as he explained on right wing radio this morning. is it true that you told some of the republican members this morning that you need to get your a-word in line behind this debt ceiling bill? i sure did. listen, this is time to do what is doable. joining us now from washington, for the very latest is john stanton, reporter for roll call newspaper, nice to have you, john. good to be here. so, i find myself in the strange position of actually sort of rooting for john boehner here, for him to do well, for him to have a better day today than he had yesterday. do you think it s fair to say that he, in fact, did have a better day today?
to secure a new loan for a $220,000 house, let s say, you re looking at paying an extra $24,000 over the lifetime of your loan if the government defaults. let s say you re one of michele bachmann s constituents who has a healthy retirement plan tucked away, something in the neighborhood of $140,000. what will the default mean to your 401(k)? say good-bye to more than $8,000 of your portfolio as the stock market loses hundreds of billions of dollars in value. according to some estimates, the spike in interest rates and the damage to the u.s. dollar alone could cost the average american family more than $1,500. that means default is a job killing burden on the american people. remember how they ve been saying that s what s going on with taxes, but that s actually what the downgrading of the u.s. credit rating means. as politicians in washington position themselves politically on this debt ceiling fight, have they thought at all about what