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Time Magazine plays Baracketology with 2012

Time's Rick Stengel joins Morning Joe to reveal this week's issue, which focuses on the beginning of the 2012 campaign and compares it to NCAA basketball brackets. Writer Joe Klein says there are two brackets: Insiders (Romney, Pawlenty, Huntsman, and Gingrich) vs. the outsiders (Bachmann, Santorum, Paul, and Palin), and the plausibles vs. the populists. NBC's Tom Brokaw also joins the debate.