business. the american people are probably more polarized than any time since i ve been here. as a result we see that polarization reflected here in the halls of congress. this is a moment of disappointment that i cannot conceal. reporter: legislation, national security experts call critical from protecting america. stuck in the senate because of partisan differences but that s just one stalled bill on a countless list of others from food stamp to drought relief. legislation left on the table that really affects people s jobs and lives. to be fair, congress did get some important things done like extending federal aid for student loans and sanctioning iran. it s not just our imagination, it has been far less productive than in the past. take a look at this. so far this 112th congress has enacted 151 laws. that s fewer than half the 385 laws enacted in the last congress and a lot fewer than the 460 laws enacted before that. a key reason this congress is less productive,
breaking down the july jobs report this hour. i want to get to t employers added 163,000 jobs in july, much better than the 95,000 that economist also predicted. the unemployment rate rose to 8.3%. the latest political spin as president clinton and mitt romney weigh in on this report. go beyond the numbers to find out what the report says about the state of our economy. we are also going to see how wall street is reacting. president obama and mitt romney did not waste any time giving their take on the jobs report. romney is on the campaign trail r he is in vegas. president obama had a meeting with middle class families at the white house. romney points to the 42 moments with unemployment above 8%. he said the jobs report is more proof that the president s policies are failed. well, we continue to have 23 million americans out of work or have stopped working for look or underemployed and see job numbers bounce around month to month to month butno question that we now have 42
erin burnett. and the market looking for the slightest bit of good news, and got a little bit today and surged. the dow is up 213 point, the reason, the jobs numbers for july was better than anyone was looking for. the total number, 163,000 jobs created last month. the prediction was 100,000. we need about 125,000 jobs created per month, just to keep up with population growth. so this report does that. but look at the rest of the year. i mean, we haven t been able to clear that hurdle since march. it s been a really grim stretch. so there was a little bit of relief today. the bottom line is this. the american economy only has to add another 316,000 jobs to get back to where it was in january 2009 when barack obama took office. now, that would mean that he breaks even. but remember, in january of 2009, the economy was in a really bad place, and what he needs to do to make people feel really good, like the economy is recovering, is not only to break even for himself, but get ba
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good evening from london, where the 2012 olympics have been rocked by a huge scandal tonight. eight players from three countries disqualified after trying to lose their matches. an extraordinary move and one that s shocking everybody here. at the same time, the controversy s mounting over ye shiwen, smashing records and raising eyebrows. some accuse her of doping, and chinese blast that it s not only wrong, but racist. joining me tonight for tonight s big story is london olympics chief, lord coe, or sebastian coe. i know you as lord coe. thank you. it s the right way to address you. you can call me sir. you must be feeling like, i don t know, the most excited, relieved man in the world right now. it s all gone so smoothly. i was excited before it started, i m now into that sort of, it s got to work. very, very grateful to the well, hundreds of thousands of brits that have helped us get this far. and what i never fail to be proud about is that, you know, you know w