5:47pm PT by THR staff
President Obama's Jobs Bill Prompts On-Air Explosion From MSNBC's Ed Schultz (Video)
President Barack Obama on Thursday morning held his first news conference since announcing a $447 billion jobs bill last month.
Afterward, MSNBC assembled a panel that included the network's Ed Schultz and Dylan Ratigan to weigh in on Obama's remarks.
During the live discussion, Schultz told host Thomas Roberts that the news conference was a "home run" for the president.
"I think this is one of the best conference he has ever had," he said. "He is on message. He is on point."
Roberts then addressed Ratigan, who said he has some questions for Schultz. For his part, Ratigan said he was "frustrated" because he doesn’t think the bill goes far enough.
Schultz then responded Ratigan shouldn't expect big changes "overnight" and accused him of wanting to wave a "magic wand" to make the problems disappear.
When Ratigan tried to interrupt, Schultz wouldn't let him and became visibly heated.
"I didn't interrupt you," he said, to which Ratigan replied "I just want to address --" "I don't care what you want to address!" Schultz interjected.
Ratigan then apologized, saying he "didn't mean to upset" Schultz.
But the two continued their heated debate until Schultz left the discussion.
Later in the day, Schultz appeared on Ratigan's show to address the situation.
Ratigan apologized for creating a "distraction to these issues," while Schultz made light of his outburst. They then proceeded to have a calm discussion "how we can work together to create the debate America deserves."
Watch both clips below.