another 8 inches of rain today. tropical storm debby is forcing more evacuations, rescues and road closures. just last hour, officials in pasco county, florida, ordered the evacuation of 2,000 homes because of a fast rising river. 38 people were rescued from their homes overnight. i was kind of panicking because the water came up over the wall where i live. if you re looking to sell your home, you may get a little more for it than just a few months ago. home prices, they have now risen for the first time in seven months. they were up about 1.3%. some cities did better than others. phoenix prices have gone up more than 8%. still, prices are down 34% compared to just six years ago. now, to chicago, where a 13-year-old boy died in his mother s arms after being fatally shot at a party. more deadly violence in the city endures every single day. we ve been following this story. others are following it, too. the new york times is reporting homicides in chicago are up 38% fro
gulf of mexico. residents of mississippi and louisiana got short notice warnings today. get ready for tropical storm lee to hit this weekend. it may not be as powerful as a hurricane, but it s moving at a crawl, which means new orleans canals and levees will be tested by a prolonged rain. up to 15 inches or more are expected plus a storm surge. we ll get a live update on storm preparations in a few minutes. but first, today s stunner from the labor department, the country saw a net gain of no jobs in august. plus no change in the unemployment rate still 9.1%. it is the worst jobses report in a year. wall street crater, the do you industrial, s & p 500 and nasdaq all lost more than 2% today. president obama didn t even try to put a positive spin on the news. no on-camera statement, not even a written one. we did catch one clims of him today as he left for camp david without even turning to wave good by. with us now, the president s former economic advisor, christina roamer
to hit this weekend. it may not be as powerful as a hurricane, but it s moving as a crawl which means new orleans canals and levees will be tested by a prolonged rain, up to 15 inches or more are expected, plus a storm surge. we ll get a live update. but first today s stunner from the labor department. the country saw a net gain of no jobs in august. plus no change in the unemployment rate, still 9.1%. it is the worst jobs report in a year. wall street cratered, the dow industrials, s&p and nasdaq all lost more than 2% today. president obama didn t even try to put a positive spin on the news. no on camera statement, not even a written one. we did catch one glimpse of him today as he left for cam david without even turning to wave good-bye. with us now, the president s former economic adviser, christina romer, she s now an economics professor at the university of california. proofgs or, thank you for being here. let me ask you first off whether you saw any good news inside thi
interests. president obama is the incredibly shrinking leader. generally the u.s. cannot prosper while the politicians go hat and hand. in the u.s. and europe, there s no growth strategy, only the hope that consumers will return to buying houses they don t need and can t afford. not a lot of hope of that at the moment. this is what s happening in the markets now. there s no source of growth. consumers aren t going to do it. that was the hope of the white house. that was the hope of the stimulus that lifted up and has gone away. we needed a growth strategy that has rebuilding infrastructure and energy sector. training young people. giving new skills, new education to compete in global markets. three years into the administration, we have none of that. we went for the short term.
we have republican. that s why we got nothing done. s&p says the downgrade was motivated by the debate of raising the debt ceiling. that s why they say they downgraded us, not because there s too much debt but rather washington is not working. we did something insane with getting that close to defaulting on purpose. the other question is what paul krugman writes about. not only are vast numbers of americans unemployed or under employed, they are facing the prospect of why shuld we be surprised? where was growth supposed to come from? consumers aren t ready to spend. businesses see no reason to expand. thanks to the deficit obsession, which is what rachel is getting