on friday, robert reich wrote, "suddenly, manufacturing is back, at least on the election trail. but don't be fooled. the real issue isn't how to get manufacturing back. it's how to get good jobs and good wages back. they aren't at all the same." joining me now from burton, california, is former secretary of labor under president clinton and former uc berkeley professor, robert reich. professor reich, thank you very much for joining me tonight. i was thrilled to read your article this week, and i said, we got to get bob to talk about this. the title of your piece is "manufacturing illusion." are the presidential candidates trying to manufacture illusions about manufacturing? >> i think they are, lawrence. look, i'm all in favor of trying to get manufacturing back, and certainly, rick santorum and mitt romney have been talking a lot about manufacturing. even the president unveiled last month a six-point plan for getting manufacturing back. and i think the president's plan is much better than the republican's. but the fact of the matter is, we're not going to get manufacturing back

robert reich, how strong is this economy? and will it last through the election year, most importantly? >> well, you know, obviously nobody knows the future. i think one of the soft spots, what i would worry about, is that income, real income growth is not yet what it needs to be in order to really provide the comfortable margin with regard to the demand side of the equation. but there's no question about it. i mean, employers are hiring. factories are being fired up. there is much more economic activity. things are going in the right direction. it is too early to pop the champagne corks. i think the president has got to be careful when he talks about this not to create the impression that we are in the promised land. but he obviously is -- and the white house is obviously getting a huge boost. it's going to be much harder for a republican presidential candidate, whoever it is, to make the case that this economy is in terrible shape. >> is that true, herman cain? that's the key question. will it be harder? i notice obama pick

robert reich with the conversation. stay with us. we're right back. >>> coming up, republicans on the hill refuse to let a woman to testify at a hearing about women's health. the witness who was denied the chance to testify is my exclusive guest next. >>> mitt romney's disaster in michigan continues. good news on the economy are sinking republicans in the polls. robert reich will join me with the latest. >>> sarah palin is back from alaska and she has the white house on her mind. richard wolffe will tell us if we need to worry about the half governor. share your thoughts on twitter using the hash tag ed show. we'll be right back. think about. 2% has over halthe saturated fat of whole milk. want to cut back on fat and not compromise on taste? try smart balance fat free milk. it's what you'd expect from the folks at smart balance. one chance to hunt down the right insurance at the right price. the "name your price" tool, only from progressive. ready, aim, save! grrr! ooh, i forgot my phone! the "name your price" tool. now available on

ari melber and robert reich. republicans are waging war on workers, one of the men standing in their way, bernie sanders, he's coming up, joins me to talk about his plan to save the post office, lots more coming up, stay with us we're right back. >>> coming up the obama campaign's decision to promote donating to super pacs has the left divided in this country. i'll talk to ari melber who support the decision and robert reich the former labor secretary who has serious reservations. >>> ellen degeneres responds to the conservative group that threatened to boycott jc penny for hiring her as a spokesperson. and thanks the company for standing with her. >>> scott walker raises money in the sunshine state. while the koch brothers do his dirty work buying up wisconsin ads touting his record, kathleen vynout is taking on the governor and is here to explain it all. share your thoughts on twitter with us tonight, we will be right back. [ male announcer ] what if an entire car insurance company was thought up and built and

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robert reich with the conversation. stay with us. we're right back.

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robert reich, thank you very much. senator kay bailey hutchison, as always, thank you very much. >> thank you. >>> okay. president obama pushes yet another mortgage bailout plan, one that includes a stiff tax on banks. so let's talk. we have a debate. former hud secretary henry cisneros. well welcome him back. and cnbc contributor jimmy pethokoukis from the american institute. it's great to see you, but i don't understand why we're going to waste taxpayers money when the free market is lowering prices and increasing sales and getting rid of inventories. why must the government interfere again with taxpayer money? >> well, i think, larry, the problem is that the process is playing out very slowly and the entire economy has suffered and is continuing to suffer that is to say we know now that we're not having the kind of robust recovery that we ought to be having, the jobs creations. and a big part of that is the lag of the housing sector. the housing sector is lagging because the foreclosure overhang exists, because we h

robert reich joins us from berkeley where he is a professor of public policy. reich was, of course, secretary of labor under president clinton. here in new york, david stockman ran the office of management and budget under president reagan and later worked in private equity. and we have two of the finest journalists writing about economics, jillian tete is the u.s. managing editor of "the financial times," and zani is economics editor at "the economist." welcome. so zani, is this recovery taking hold? >> it's taking hold, it's not taking off. let's not get too excited. when there was opt micimism at beginning of the year. >> david? >> i think we have noise in april and january and the warmest winter since 1867, as i understand it. so i don't think much is happening. we're bumping along the bottom. we're not recovering. and rather than look at a month, we ought to look at the trend. we had 132.4 million jobs reported in january nonfarm payroll. same numbers december 2000 when clinton was president and we were hanging by our chads. now, when you have an economy t

we will talk with robert reich, david stockman, and others. also, we'll tell you who is behind the new anti-americanism in egypt. you'll be surprised. finally, if you thought american debt was worthless, think again. i'll explain. first, here is my take. the american economy seems to have picked up. the dow jones industrial average is hovering around 13,000. the highest since the financial crisis began in may 2008. things do seem to be getting better. this is good news for president obama because there's a strong co-correlation between economic growth and a president's prospects for re-election. the unemployment numbers are still pretty high, but they are also falling. also, many models issing that unemployment is not the crucial statistic to determine whether a president will win re-election. most people after all are employed. it is the rise in per capita gdp. the average person's income rise that determines whether they feel things are getting better and, thus, whether they will vote for the incumbent or seek a change. so does that mean tha

borsak heather mcghee leo hindery natalie foster and secretary former secretary robert reich for your great insights one final note this can all seem forbidding after all this is the worst economic recession since the great depression the greatest inequality since the eve of the great depression the worst long term unemployment since the great depression the worst housing crisis since the great depression the worst trade deficits ever and college students carrying the deepest debt ever but here's the reality we were pretty clear idea about the policies and the excesses that drove us off the cliff and we have a pretty clear idea about major reforms vital to rebuild the middle class revive the mirror. question is whether we the people can do enough mobilizing and organizing and educating and agitating to challenge the misrule of big money and special interests of conservative ideas and corrupted politics we've done it before starting at the beginning of the last century with populous from the rest of movements challenge the reign of the robber barons now we have no choice but to do it a

i'm just worried about the downgrade right now. [ indiscernible ] >> robert reich and steve moore. thank you, gentlemen. coming up on "kudlow," a very special guest ed laz ir, he will sound off against the obama budget and the shape of our economy. gee whiz, i thought the economy was doing better and we'll talk to eddie lazir in just a few moments. [ male announcer ] there's been a lot of talk about the chevy volt lately. how about some facts? the chevy volt was one of the most awarded cars in 2011. the volt's battery has been tested for more than 395,000 hours. ♪ and, most importantly, the volt has received the highest overall vehicle score for safety possible. [ cheers and applause ] the extended-range electric chevy volt. hard to argue with the facts. ♪ requires more than wishful thinking. it requires determination and decisive action. i go to e-trade and get unbiased analyst ratings and 24/7 help from award-winning customer support to take control of my finances and my life. i tap into the power of revolutionary mobile apps. to trade wherever. whenever. life isn't fully exp

in a moment, we're going to debate the actual bailout with our dynamic duo robert reich and steve moore. but first i want to figure out what eastwood is telling us and how that figures into whether obama deserves a second term. we have david corn, washington bureau chief of "mother jones" magazine and romney supporter jim talent, a former republican senator from missouri. hello, gentlemen. david corn, some people are trying to make the case that eastwood was shilling for the obama bailouts. eastwood himself says not. he told fox news it was meant to be a message about job growth and the spirit of america. that's all. he's always been against bailouts. he's always been in favor of free market capitalism. why is the left making such a big deal about this tonight? >> larry, you're doing it. it's a lead item on your show. i don't think the -- i don't think the left had a meeting. i think what -- i mean, the bottom line -- i watched this outknowing this ad was coming, like hurricanes hundreds of people of people around the globe, and i said huh, this may help obama, all because it's celebrat

robert reich is a professor at goldman school of public policy. shawn randolph is ceo of bay area economic institute. david henderson is a fellow at the hoover institution and was on the president's council of economic advisors under robert reagan. christopher is an owner of a private research firm in los angeles. scott anderson is senator economist with wells fargo and advisor to the federal reserve. we asked this panel to comment on the state of the u.s. economy and offer advice how it could be fixed. economy bottomed out in mid 2009 since then it has been on a slow crawl to recovery. they agree the root of the problem is jobs and most believe the government needs to step in to create them. >> robert thinks the great depression should be a road map. >> we need a wpa, modeled what we did in 1930s who are long time unemployed. >> henderson says the way to fix the economy is to reduce unemployment benefits. >> people are picky about a job and unemployment rate could be a percentage point lower which is 1.5 million jobs more. >> henderson believes b

we go inside the number with ezra klein and robert reich. >> i'm not concerned about the very poor, i misspoke. i wish i wouldn't have said it that way. . >> mitt romney is trying to cover his tracks. but he's only making it worse. bob shrum on his downward spiral. >>> the komen foundation, reverses course on funding for planned parenthood. or was it a head fake? terry o'neill is back with the latest. gasland director josh fox got arrested tuesday. >> this is a public hearing i'm within my first amendment rights. >> today, josh fox returns, to talk about breaking news from the obama administration on fracking regulations. >>> good to have you with us tonight folks, thank for watching. i want to tell you there are things happening in wisconsin we'll get to later on in the show. >>> first tonight, we show this chart a lot. i love charts, really tells a story, gives you a snapshot and tells you what the trend is. we show it a lot, because the private sector job growth under president obama and president bush tell a different story. you may notice something different about it tonight. the

labor secretary, robert reich. we focused at the report on los angeles but to what extent is this not just a trend of a city or a state or even one country, but a global issue that we are seeing? >> undoubtedly, this is happening globally. globalization and technological change are driving a wedge in the work forces and almost any country giving the advantage is to people who are well-connected and well educated, but also imposing great hardship on those that do not have those advantages. they are being displaced by people in less-developed nations. people are giving way to technological change because they are not needed. >> we know the social implications of people living in poverty. i want you to talk about the economic implications of the super wealthy. does it matter for the health of our economy that 1% of the economy takes an increasingly large percentage of the gdp pie? >> it does matter. at some point, the large middle class does not have the purchasing power to keep the economy going. the middle class is

reich the chancellor is professor of public policy at u.c. berkeley and former secretary of labor under president bill clinton he's the author of thirteen books books including his most recent aftershock the next economy and america's future welcome to all of you like to have you here with us let's get started with issue number one how the one percent crash the economy. and plus plunge the u.s. into a deep recession with a slow recovery robert let me start with you let's set the stage for what president obama inherited when he took office george bush was had a pretty abysmal job creation record the average job growth for prime age workers was his lowest during the bush administration in any time since one thousand nine hundred eighty eight and that doesn't include what happened in two thousand and seven this chart chart number one here in two thousand and seven unemployment two thousand and seven unemployment's to four point four percent and by the time barack obama took office in january two thousand and nine four million americans have lost

and you get the sense from that conversation that people like robert reich on the leftave talken about, the countries have risen above ography and i think that's dangerous. i don't think it's proctive d the president told the story of... i think a battery company in minnesota in the speech that was oriented in a town very oriented in that town so it didn't lay off people. if it had to it may cut salaries but they're our neighbors, we're not laying them off. and i that's the way you build productivity and long-term unemployment. >> rose: the japanese rather than laying you off they reduce your salary but you hang on. >> so those social bonds are hard to measure the quality of but everything we know from the sciences suggest those social bonds are really important. so you believe in it takes a village? >> yeah, i do. i think a lot of what we're learning about why societies thrive or not have to do with a level of social trust or what the social scientists call spontaneous sis yablt. ife met each other, could we move a movement or a company? when you have growth taking off it's because we

they have not voted on any game reich's legislation at this point. >>pam: and have a long time when given out. react to the news of proposition 8. >>kimberlee: hot but the ruling it prompted an outpouring on the web by many high-profile politicians fear gov. jerry brown and we knew her the following. >>kimberlee: california mirror will fall in. and the current year to to twitter and the piper--and tweeted . >>kimberlee: >>pam: witnesses say they heard multiple shots fired before 6:00 a.m.. the suspect was unidentified and arrested later after a traffic stop in union city. he said even medical center in his condition is not been released. >>reporter: officials of a person close to five years. he does carry neighbors said the men police are not yes than at the victim had any relation. >>pam: tonight, our stories are getting results. coming up, stanley roberts and access as the cruise began their mess to clean up. >>jacqueline: a live looks outside, we have a slight chance of lingering rain overnight. >>pam: checking the traffic in san is go ms heavy an