in place economically that helped the middle class guy and the regular guy. i love this guy, i m going to help him out a little bit. so some of that is perception because there s about $263 billion that got downloaded to middle class people in the form of increased wages and bonuses. what people are at odds on, democrats and nancy and people got upset but you have to remember what the president had to do is he had to go against two forces, the establishment on both sides that are not in love with him and what happens in washington, you don t like to see how the bills are made but it was fa and i
cuts. all of those things happened, but what didn t happen was a redounding to the middle class guy. i would like to know what he put in place economically that helped the middle class guy and the regular guy. which one helped that? i m going to help you out here. some of that is perception because there s about $263 billion that got downloaded to middle class people through the form of increased wages and bonuses. i think what people are at odds on that are democrats is it wasn t enough. that was nancy pelosi s thing when she said there were crumbs and things tlik and people might express, but you have to remember what the president wanted to do, he had to go through two enforcement ds on both sides. so what happens in washington,
worry about but they re doing okay, given all that, it probably doesn t make sense given the economics to be very aggressive. the other thing i would say is, i think this is on their minds and thinking, they can only go to the well so many times and each time they go to the well, each time they do quantitative easing and expand the balance sheet, it becomes less effective. we have done it twice and there s now growing evidence that the second round was not quite as effective as the first. i think they would want to wait in case something happens and you really need it, then they can use it and it will be more effective at this point. i hate to break in quickly. we are getting this news in from the federal reserve right now. the fed is extending the operation twist program with $267 billion more through december to drive long-term rates down. the program is scheduled to end this month. the fed also notes that hiring has weakened and consumer spending is rising more slowly. john harwoo
brand new details from the autopsy painting a very sad picture of the night whitney houston died. snipers, s.w.a.t. teams, the fbi, weapons locked in on an armed bank robber with a female hostage. we ll show you how this one ended. wait until you see the full video on this. these folks were sent home crying. college students pepper sprayed at a school board meeting, some of them hospitalized. they say they did not get a warning that the pepper spray was coming. the school says they were an angry mob. did police overreact? we talk to a tune who the was there. one minute past 5:00. conflicting stories are emerging about the night trayvon martin died in florida and the racially charged shooting tens to spark harsh words and protests. martin s parents were among the many people who gathered in miami to mark the 44th anniversary of dr. martin luther king s assassination as well as to remember the death of the unarmed florida teenager. zimmerman s father is defending his so
the crowds with tear gas and batons. a hot topic after hollywood s golden night. ricky gervais performance raised eyebrows. we ll tell you why. you re watching world one up first, china s president hu jintao, will arrive in washington tuesday evening to meet with u.s. president barack obama and when it comes to the two leaders, this may actually say it all. in the latest list of most powerful people in the world, from forbes magazine, mr. obama was number two, mr. hu was number one. but what s at stake here is more than a number on a list. there is big money to be discussed, like $263 billion. that was the u.s. trade deficit with china in 2009. and the u.s. continues to ship money and jobs to china. a lot of people in america say that china encourages that imbalance by its economic policies, by far the biggest