also, take a look at this. it is the cheapest computer tablet in the world. and before you even ask no, you cannot buy it here in the u.s. that story ahead as well. let s start with the fight over the president s jobs bill. the senate is expected to vote on the plan in a matter of days. the measure could cost an estimated $447 billion. the president said, hey, it is paid for. $453 billion, he said, would come from his proposed tax on millionaires. the bill calls for new and extended tax cuts along with additional spending on roads, bridges, infrastructure projects, job training and help for those with housing problems. republicans, as you might imagine, don t like the president s plan. that s not stopping the president, however, from pushing ahead, especially with the tax on millionaires which republicans call class warfare. some see this as class warfare. i see it as a simple choice. we can either keep taxes exactly as they are for millionaires and billionaires or we c
that s what the author of moneyball and the blind side, michael lewis, will give his insights on. finally, solutions, what will fix the problems that ail us? i ll talk to tom friedman of the new york times about his new book. also, want to see the hottest new thing on the globe? take a trip to mumbai or shanghai. i ll explain. and of course a few thoughts on steve jobs. first, here s my take. barack obama busy apparently committed blasphemy. in an interview in florida last week, he dared to say that america had gotten soft. the denunciations came in fast and furious. the american people are plenty tough. what we ve got is a soft president. it s not that we ve become soft. it s that he s on our shoulders, and he s too heavy. if you watch the clip, here s what the president actually said. the way i think about it is, you know, this is a great, great country that had gotten a little soft, and we didn t have the same competitive edge that we needed over the l
from the cnn center in atlanta, georgia, this is your cnn sunday morning for october 9. 6:00 a.m. in atlanta. i m t.j. holmes. as always, we want to say a special good morning to our service men and women watching us right now, the american forces network. thank you for being here, and thank you for what you do. let s talk about the president first and the jobs bill. this is going to be an important week. in just a couple of days, the president s jobs bill will get an important test. the senate is expected to vote on his $447 billion package. the congressional budget office says the plan s tax on millionaires would raise an estimated $453 billion. still, republican leaders, they don t like that tax. the president this weekend, we heard from him. he s pushing ahead anyway. some see this as class warfare. i see it as a simple choice. we can either keep taxes exactly as they are for millionaires and approximatelynair and billionaires, or we can ask them to pay at least the
countries. the announcement comes on the same day france, belgium, and luxembourg agreed to rescue dexia, a major franco belgian bank. a couple of hours ago, i spoke with cnn s senior international business correspondent, richard quest. he tells me that what is going on in europe is very similar to what happened in america back in 2008. you really don t want the investment bank to fail. why? because a big investment bank failing of this particular time would cause a ripple of crisis of confidence and that s what happened with lehman in 2008. we re going to see more banks over the coming weeks that whether they fail or not, they re going to need more money. what the authorities are going to have to judge is when is it right to rescue and when is it time to let go? finance ministers from the g-20 nations are scheduled to meet later on this week to discuss the growing crisis. and now to economic concerns here in the u.s. this week, the senate will vote on president obama
president obama stumps for his jobs plan in pittsburgh on tuesday. he ll address international brotherhood of electrical workers at their training center. and governor rick perry will also be in pittsburgh next week. he will deliver a policy address on friday, focusing on energy and job creation. and mitt romney will have town halls across new hampshire on monday. you can see him in new hampshire. and we ll get another financial litmus test for those running for the white house next week. saturday is the deadline to announce third quarter fund-raising numbers. and now to other news, a looming showdown over the president s jobs bill. the u.s. senate is expected to vote on the measure earlier this week. the $447 billion package will be paid for by a tax on millionaires, which would raise revenues by $453 billion over ten years. it includes funding for infrastructure projects and job training. a live report on the brewing battle is just seconds away. the voices of protesters