austan goolsbee from chicago tonight, thanks, austan. >> susie: turning now to europe, it's election weekend this sunday in europe with both france and greece holding important contests, first the parliamentary elections in greece where its two ruling parties are polling at his foric lows. at issue, whether they can... meanwhile in france, the socialists lead over sarkozy has narrowed. if elected hollande will try to forge a new consensus with germany on growth. ian bremer explains why holland is the favorite. >> he's the favorite in part because he insists that french leaders need to worry about france first and ump seco. -- and europe second. >> susie: president sarkozy said today a socialist victory could turn france into another greece. some good news for berkshire hathaway shareholders as they head here to omaha for this weekend's annual meeting. warren buffett's company reported first quarter profits surged 65%. the oracle of omaha is sure to get lots of questions about that and he might also be asked about the future of the newspaper industry. now that buffet bought his home t

austan goolsbee from chicago tonight, thanks, austan. >> susie: turning now to europe, it's election weekend this sunday in europe with both france and greece holding important contests, first the parliamentary elections in greece where its two ruling parties are polling at his foric lows. at issue, whether they can... meanwhile in france, the socialists lead over sarkozy has narrowed. if elected hollande will try to forge a new consensus with germany on growth. ian bremer explains why holland is the favorite. >> he's the favorite in part because he insists that french leaders need to worry about france first and ump second. -- and europe second. >> susie: president sarkozy said today a socialist victory could turn france into another greece. some good news for berkshire hathaway shareholders as they head here to omaha for this weekend's annual meeting. warren buffett's company reported first quarter profits surged 65%. the oracle of omaha is sure to get lots of questions about that and he might also be asked about the future of the newspaper industry. now that buffet bought his home

joining me, austan goolsbee, former chairman of the council of economic advisors for president obama. thanks so much for joining us. >> thanks for having me. >> let me kick off with jpmorgan's big banking blunder, a $2 billion loss from the bank's chief investment office. i find this interesting because it really has been jamie dimon who has been among the very vocal people against the vocal rule, against the idea that more regulation is going to hamper what they can do in terms of proprietary trading. does this set the bank and industry back in terms of more regulation? >> i think it does. i wouldn't say more regulation. that's the regulation they passed. it strikes me this exactly is what the volcker rule was intended to prevent and you saw the reports from the new york times that the regulators have been all over this exact position trying to figure out why do they have such a big position and whether it was proprietary bet. i think it feels like every time the financial sector gets the lobbying up enough to try to knock down the volcker rule, events come back and push it back to t

on fox news sunday, congressman paul ryan and presidential economic advisor austan goolsbee offered contrasting views. >> the president passed hundreds of billions of dollars of tax cuts for business, for individuals, for workers, and he believes that the main driver of the economy is the middle class, is not very high income people. >> first of all, what mitt romney is talking about in taxes, lower everybody's tax rates across the board, by closing special interest loop hose and tax shelters which primarily going to the wealthy and the well-off and makes more sense to lower our tax rates by plugging loopholes so they can decide, the economy can decide how to grow and people can keep more of their hard earned money and determine how to spend i -- it. >> eric: and chris wallace, joins us now, and he joins us every sunday at this time. >> hi. >> eric: that could be the november race in a nutshell. >> exactly. that is why we decided to have it. a 25 minute debate at the top of fox news sunday, and people ought to watch it, because it is a big choice election, there are two dramatically different p

ryan versus austan goolsbee only on fox news sunday. then, europe facing a financial crisis. will president obama use two big summits to find a solution? >> and our power player of the week. a star figure skater is making a name for herself off the ice. all right now. on fox news sunday. >> hello, again, from fox news in washington. the obama and romney campaign battle this week over who has the better plan to get americans back to work. we want to continue that debate today with top advisors for both candidates. from wisconsin, republican paul ryan is chairman of the house budget committee. from chicago, austan goolsbee is the former chairman of the president's counsel of economic advisers. welcome back to fox news sunday, gentleman. this week the obama campaign began to launch their attack on governor romney's record at bain capital and told the story of a feel mill in kansas city that went bankrupt in 2001 laying off 750 workers. >> like a vampire. >> like watching an old friend bleed to death. >> bain capital walked away with a lot of money they made. we view mitt romney

republican house chair paul ryan faces off against austan goolsbee, former head of the president's council of economic advisor, paul ryan scrersus goolsbee only on "fox news sunday". and there are faces of financial crisis . we'll ask our sunday panel if president obama can use the summits this weekend to find a solution. and our power player of the week. a star figure skater making a name for herself off of the ice, all right now on "fox news sunday". and hello, again, from fox news in washington. the obama and romney campaigns over who has the better plan to put americans back to work . we'll continue that debate from top advisors from both candidates. from wisconsin paul ryan of the house budget committee and austan goolsbee, the chairman's former advisor. welcome back to "fox news sunday". >> mike: thank you. >> chris: this week, the obama campaign launched the attack on mitt romney's record and told the story of a steel mill in kansas city that went bankrupt and laying off 750 workers. let's take a look . >> they came in and sucked the life out of us. >> it was like watching the frien

thank you for coming inside the war room to explain it all. >> that's austan goolsbee and former chairmap of the president's council of economic advisors. and now to today in mitt earlier today, mitt romney offered a fiery speech in iowa. take a look. >> when athe men and women who settled the iowa prayeririe saw fire in the distance, they didn't along around for -- look around for someone to save them or hope the wind might change directions. they knew survival was up to them. >> i just want to know: what would iowa do if there were a prairie fire under a romney presidency? they would call the fire department? no. that would be outsourced. would they call the national guard? or fema? defunded. would they drive out and douse the flames, themselves? not when the roads are unpaved and the water garment has been privatized. if the iowa prairie burns under romney, he can write off the lost crepts and jobs and homes as business expenses. maybe he would set up a marshal molloy and charcoal factory and flip that for a tasty profit or maybe, maybe he would just have middle management hold down th

. >>> chief economist austan goolsb goolsbee. not create many new jobs. that, folks, is the real issue in the campaign. our political panel is going to weigh in. >>> also, questions about the scandal surrounding jpmorgan. heads have already rolled. is jpmorgan a perfect example of the bank that is too big to fail, too big to manage, and therefore so big that once again it puts taxpayers on the hook for another massive potential bailout nation? jpmorgan's stock slid another 3% today. bringing the whole market down 1% overall. we begin tonight with yet another volley of attack ads from team obama and team romney, this time questioning mitt romney's role at bain capital, a topic beaten to death in the republican primaries. but john harwood in washington joins us with all the details. good evening, john. >> reporter: good evening, larry. team obama wants to beat this subject a little bit more. you know, last week was distracted by the gay marriage debate. now team obama squarely back on economic concerns with this blistering ad going after bain capital, accus

eastern. >> former white house economic adviser austan goolsbee advised on the volcker rule. he'll join us. >> and can the bulls rebound or will uncertainty continue to drag down stocks? squawk market master stephen roach will join us. the third hour of "squawk box" begins right now. ♪ >>> welcome back to "squawk box" here on cnbc, first in business worldwide. i'm joe kernen along with becky quick and andrew ross sorkin. futures indicated lower. almost got to triple digits. now down 81, which was a lousy week for the bulls. the s&p down to 1353. a technical analyst said should find support in the low 1,300s for the s&ps. it's a lot of resistance to get back to the hold highs, you have to get to 1400. >> he said he didn't think this was a bear market by any means. >> though he's worried about the volumes the bulls are able to muster up here. not the volume overall but just the percentage -- >> it was jeff weiss who joined us in the 6 a.m. hour. in the headlines, a story we've been following all morning long, shares of yahoo!. after the departure of embattled ceo scott thomps

he had this austan goolsbee whiteboards all queued up. what happens is after one or two meetings, when obama since his negotiators to do this, the negotiators come back and they say, you know what, we are very encouraged by the progress that we're making with the skies. we think we can do a deal. and they plead that the political operatives, saying hold your power. if you go on the attack, you will torpedo. the guys in the room were actually decoding with the republican -- negotiating with the republicans. he said, you're right. we should not try to lacerate on the public. that is the first thing. the second thing that was really interesting is the view of the white house negotiators for the republicans. in public, i think the republican negotiators, eric cantor and jon kyl, both of these guys, or soto reviled by democrats, and liberals in particular. they are seen as being neanderthal republicans who want to/government at every opportunity. what is interesting, is behind closed doors, the obama negotiators who were joe biden, tim geithne

tavis smiley, austan goolsbee and fox news' greta van susteren. >>> good morning, everyone, george stephanopoulos has a morning off. we are exactly six months from election day, and in case huh any doubt, the presidential campaign is officially in full swing w president obama holding his first two a key election rallies in ohio. the president was nearly forgetting his wife, michelle, as he walked air force one in columbus. after that, the first lady introduced him at ohio state. >> we just can't turn back now, right? we have come so far. but we have so much more to do. >> and then the president stepped up and made his pitch. >> if people ask you what this campaign is about, you tell them it's still about hope. you tell them it's still about change. >> let's bring in the president ice chief campaign strategist david axelrod. thanks for joining us. >> good to be here. >> the president kicked off in clus bus, ohio, and richmond, virginia. here are the headlines. job numbers don't mirror hope. the columbus dispatch. april job growth at the lowest level since 1989. the headlines say it all. what the p

the former head of the president's council of economic advisors austan goolsbee says that it's when it's extended. >> i think for the republicans who set in place the policies that led to the economic crisis that exploded the deficit, to now be saying, well, look, why is the deficit so big, they lit the back half the house on fire and now complaining the air conditioning doesn't work. >> and house speaker boehner and nancy pelosi say that jobs should be a priority and their yeedz are different. speaker boehner said the debt and deficit need to be reduced and congresswoman pelosi says the key to creating new jobs. >> harris: thank you. we'll go back to chicago, and police are moving back the protesters. leaders from more than 60 nations, for the n.a.t.o. summit. a live look and j us before the main event there. president obama sitting do unwith afghan leader hamid karzai and talking about the way forward in afghanistan. the president from afghanistan had a message to the american people. we'll have that for you nks. next. does your phone share what you are seeing and hearing right now wit

george will, bay buchanon, tavis smiley, austan goolsbee and fox news' greta van susteren. >>> good morning, everyone, >>> good morning, everyone, george stephanopoulos has a well-deserved morning off. we are exactly six months from election day, and in case you had any doubt, the presidential campaign is officially in full swing with the president holding his first two key election rallies in ohio. the president was nearly forgetting his wife, michelle, as he walked air force one in columbus. oh, there she is. after that, the first lady introduced him at ohio state. >> we just cannot turn back now, right? we have come so far. but we have so much more to do. >> and then the president stepped up and made his pitch. >> if people ask you what this campaign is about, you tell them it's still about hope. you tell them it's still about change. >> let's bring in the president's chief campaign strategist david a the rod. thanks for joining us. >> good to be here. columbus, ohio, and richmond, virginia. here are the headlines. job numbers don't mirror hope. the columbus dispatch. april job growth at

republican house budget chair paul ryan faces off against austan goolsbee former head of thesi

hears austan goolsbee on that: >> the nation was in a boom, massachusetts was doing almost the worst of all the states in terms of job creation. the reason you saw jobs growing is because government jobs were rising six times faster than the national rate in massachusetts. there is a reason why when governor romney steps downed from office he had a 36 percent approval rating by the people in his own state, and that was during a boom. martha: so this is a fascinating discussion, it was on fox news sunday and it was led by chris wallace and i'm joined now by kirsten powers, daily beast columnist and fox news contributor and justin safee is a former jeb bush spokesperson. welcome to both of you. i felt that these two men over the weekend outlined what the american people need to focus on in terms of the two different approaches to fixing the u.s. economy. kirsten, how do you think they did and does the obama administration's argument that mitt romney did not create that many jobs, does that get them somewhere? >> i think it's important to note that, especially if it was during a boom. t

goolsbee thinks the prospect is getting smaller because of what's happening in europe and other factors. that makes obama's path to wing a second term more difficult. you know, it's one thing with 3% growth. another thing with 2% growth. and if you continue to get that job market improving and unemployment coming down that brighten's obama's prospects p and if we get confirmation again that the recovery is slowing, that it's not as strong as we thought it was, that's a sign that mitt romney and maybe rob portman will have a better chance than we thought a month or two ago. >> john, thanks you very much. >> coming up, the facebook fallout and what went wrong. [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. see your lexus dealer. >>> between morning and welcome back to "squawk box." i'm joe kernen along with becky quick and andrew ross sorkin.mo back to "squawk box." i'm joe

paul ryan, the intellectual driving force here in congress for the republicans and austan goolsbee, former chairman of economic advisors. i think it will be an interesting show. >> brian: high level debate and chris wallace, you're up to the task. you've already proven that. >> i'm a tough mudder. >> brian: you absolutely are. thanks so much. >> bye, guys. >> gretchen: let's get to the rest of the headlines. the fate of john edwards in the hands of a jury, deliberations begin today. during closing arguments, the defense asked him to separate his affair from the alleged campaign money cover-up. the former presidential candidate is accused of using nearly a million dollars in donations to hide an affair and pregnancy with rielle hunter. >> steve: new details about the death of mary kennedy. her estranged husband, robert f. kennedy, junior, is the one who called the police after a housekeeper found her body in a barn behind her new york home. the housekeeper asked robert to stop by after she realized that mary was missing. when he got there, he reportedly called mary -- a group to see ddaa gr

his chief economic advisor, austan goolsbee requested a special meeting with the president to make the case yes, we must let chrysler die in order to make odds of success for gm to be even better. so only real example of someone saying we should let part of the auto industry die was in the white house. but that obviously not what the president was referring to. now, in romney's case, he says things like, well, --. >> [inaudible]. >> i gave two. two to the greaterrytation of the white house. they won't let me forget that one either. the, anyway, so now romney will try to say, well i, they ended up doing what i proposed. they ended up doing a bankruptcy. if they had just listened to what i had said. the problem with that is, by virtually every account of, you know, experts in this area, the proposal that romney had was simply not viable at the time he made it. early november, december, he was saying no government bailout, or eventually maybe a government bailout but not right now. let them just go file in a prepackaged managed bankruptcy. the problem was there was no way those companies