of this, if we get out of this, it s going to be because there s going to be some type of innovation that will spur the economy forward. out can t legislate that necessarily. innovation takes time. it s not something that happens overnight. mike, the situation does seem bleak at times. the question is how do you jump start this economy in a way that you grow things? because we have we ve put tax cuts in place. we ve done a lot of things that will get people mack intimals. it s not going to put people back on the floors of factories in connecticut and rhode island an massachusetts and ohio. you were talking about early in president clinton s term when he sat down with alan greenspan. the difference between the economy when president clinton sat with alan greenspan and the economy today is a little bit like talking about the military in the civil war and the military today. it s an entirely different economy.
ended well with him. we ve been through this. scott brown in january and then health care, the health care fight for half a year. that was long, that was drawn out. the republican landslide and this lame duck session where they get more stuff done like an arm commercial, they did more before everybody else wakes up, sthirng like that. i don t know. with us this morning to help us reflect back and look forward, msnbc contributor mike barnicle, msnbc foreign affairs correspondent andrea mitchell and business columnist for the new york times and author of too big to fail andrew ross sorkin. i like that animation. great, wasn t it? it s also great we get you out of your prep school vacation. very kind. back from boarding school. my parents let me out this morning early. the fact that your prep school is now allowing all of you guys to walk around with
health care in the summer. a republican landslide in the fall, and then the lame duck that roared. i cannot believe all the cycles we ve had this year. it looks like the president is ending up pretty darn strong at the end. we re watching that this morning. we re also taking a look back at the key moments in 2010 and a look at what 2011 will be. with us nbc contributor mike barnicle and chief foreign affairs correspondent andrea mitchell and editorial writer for the washington post and msnbc contributor jonathan capehart. also with us from washington, the moderator of meet the press david gregory. let s go around the table really quickly. mike barnicle, what s looking at that time new congress this segment. the 112th congress. judging by what s happened over the last couple months, what
this. but let s just sober up for a second and realize that the things that really change the world, the things that change our lives are still made, a lot of them are still made in california. whether you talk about apple how could you say we re not behind? because we re not behind. google, apple seriously, google, apple, microsoft. i know it s old. but guess what, they still dominate the world in pcs. but we ve got challenges. infrastructure and education. what silicon valley will tell you the best people are coming from asia. that s what the data showed, that the asian countries are out pacing us. china is annual extraordinary reservoir of talent in terms of the number of people and the selectivity of how they educate their kids. go ahead, mike, and then i
by closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest. that was federal reserve chairman ben bernanke on 60 minutes on the inefficiencies of the current tax code. joining us to discuss what the tax reforms should be, business columnist for the new york times and author of an amazing book, too big to fail. i understand if you sell enough copies of these books you can afford really expensive ralph lauren cashmere jackets. good to see you, too. also with us, mike barnicle, andrea mitchell and david gregory. david, do you make enough money on meet the press to afford nice cashmere jackets? i m not like one of those fancy new york times guys. let s move on. i think we should be talking