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Detailed text transcripts for TV channel - MSNBC - 20120123:20:52:00

Question. is the average american getting a fair shake in today s economy? that, to me, is the heart of what the president is going to talk about tomorrow. it s the most critical policy question for an elect rat. looking at your own economics crystal ball, how far will the unemployment number drop by the summer? and will it be enough for president obama to beat back the relentless attacks that are coming from people like newt gingrich and mitt romney? the challenge on the unemployment rate, martin, is interesting. as the economy improves and we start adding more jobs, you re going to be pulling more people into the job market. people sitting on the sides. if you re sitting on the sides, you re not counted. that s going to put pressure. i think the president is going to have some momentum on the unemployment rate, but more broadly, on the larger economy. and i think that the momentum will help him. i want to finally ask you ....

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