Bill’s conversation with New York Times columnist Paul Krugman yielded many insights, cautions, and honest takes on Jack Lew, President Obama’s choice for Treasury Secretary. We clipped three of those specific moments — including one web-exclusive that will not be shown on air — below.
In the first cut, Krugman discusses public support for seeing him in the Treasury position, and why Lew might have the right temperament for the job.
In this web-exclusive clip, Bill asks Krugman what he thinks of Jack Lew’s stated view that financial industry deregulation was not the “proximate cause” of the financial crisis, a view that recently moved Senator Bernie Sanders to oppose Lew’s nomination.
Finally, Krugman talks with Bill about the bleak hopes of economic recovery for many hard-hit Americans, particularly the young and unemployed. Krugman calls the situation a “vast, unnecessary catastrophe,” but says solutions are possible, and can happen more quickly than most think.