production. also hearing word of electronic production for your home devices, business equipment and apparel also falling. first time in seven months, an indication that the global economy might be hitting another rough patch especially after you watch what is going on in europe. just crossing right now. 22 minutes after the hour. martha: there is new reaction as the stars and stripes are lowered over the american military headquarters in baghdad. this ceremony formally ending the war in iraq. now some in washington are pointing out that president obama tried to block the strategy, widely credited with bringing about today s conclusion and we want to talk about where we go from here in iraq. here is arizona republican senator john mccain, ranking member on the armed services committee. senator mccain, good morning. good to see you as always. good morning, martha. martha: the president said yesterday at fort bragg he believed all of the soldiers and marines who fought in iraq and comi
street. and facing dozens of counts of child abuse, coach jerry sandusky speaks out in an interview and denies he s a interview and denies he s a pedophile. captions by vitac www.vitac.com in a predawn raid, occupy wall street protesters were driven out two months after they started camping out. a court is deciding whether they should be allowed in. let s go to poppy harlow. what happened in zuccotti park and what happens next? well, wolf, at about 1:00 a.m. this morning, hundreds of new york city police officers raided the park behind me. completely cleared it out of occupy wall street protesters. i was here from 2:00 a.m. on. there were clashes in the streets from protesters and the police. the scene now, this park is surrounded by protesters and supporters of the movement waiting for a result from the courts. the hearing going on right now. what happened is this morning, a new york state supreme court judge issued a ruling saying it was illegal for the protesters
so the opportunity zones will allow cities like detroit to qualify for additional exemptions relative to the first nine. right now in the first nine you can deduct purchases if you re a business. you can deduct capital expenditures and net exports. but for those cities that qualify as opportunity zones, you will also be able to deduct a certain amount of your payroll expenses. so you will be insented to put people to work. the other thing about the opportunity zone, is that it just doesn t apply to certain kinds of businesses located in the zone, all businesses would qualify for those kinds of extra exemptions. one of things i believe in is empowering cities to help themselves, empowering workers and individuals to help themselves. this is not an entitlement program. so the cities will have to step up and remove some of the barriers that are within their city limits. so that if the cities do what they can do to help themselves, we will have the 9-9-9 legislation so structured
because of the deficit addition. but for instance, 100% deduction or depreciation on business equipment. that s extraordinary. that is a white house saying we re going to do whatever it takes to create jobs. we ve been asking the question this morning about what exactly in the bill is stimulative and what is a carry over from something we ve had, which are the tax cuts at this point stopping the dike. david, i wonder because we heard a voice of reason this week in the battle in terms of what it takes to get things done in washington. that voice has been joe biden, who you re going to have on the show on sunday. is he going to emerge playing a stronger role in negotiation? one of the things the vice president says relationships on the hill are the key to how the senate works. i think that s something the president has lacked. i still don t quite know who his real friends are among republicans, with whom he can do business, against whom he can use ultimate leverage, but biden
spectrum is people calling for some stimulus to the economy. this is one that puts money actually into people s hands. either on the unemployment side or small business side. and the tax cuts that people are going to get from this program. they re going to spend it. they re going to recycle that money through the economy. it s going to help invigorate the economy. there are other provisions in here such as the 100% writeoff for equipment, business equipment, that s going to encourage businesses to, in a short term, buy more equipment for their businesses. so i see this actually as something that s going to start recycling this money. and potentially could reduce the deficit that we re talking about just through a more vigorous economy. i just happen to think that this is a very smart and courageous thing he s doing. answer the critic who would say, listening to what you re saying about this plan, that what jim webb really sees is a state of virginia that has moved back towards right