illegal immigrants a shortcut to citizenship if they attend college or serve in the military. but the them contact proposal democratic proposal called the dream act is attach today a defense bill, and republicans? they re crying foul. for strong bones, i take calcium. but my doctor told me that most calcium supplements. aren t absorbed properly unless taken with food. he recommended citracal. it s different it s calcium citrate, so it can be absorbed with or without food. citracal.
down rapidly. that was the new chairman of president obama s council of economic advisers, speaking about the nation s up employment rate, at 9.6. the president will travel to suburban virginia this afternoon to talk with families about the struggling economy. john harwood, hocnbc s chief whe house correspondent. when you lift tonight what austin golds by has to say and think about the new census number, 1 in 7 considers to be poor. reporter: it s a terrible picture, tamron. when you think about the realits and the president s been trying to condition americans to it saying there are no silver bullets new york quick fix. they enacted they re stimulus bill last year, it s had whatever efft it s had. even if you assume it s had a t beneficial effect on the economy, as the white house says we re going to be years digging out of the hole, trying to build a different kind of economy. you know, people are saving more, consumers aren t spending
it s nowhere near the kind of stimulus we saw last year. it sort of is pennies compared to that. so that might be another reason why it s not going to be called a second stimulus, because we re so deep in debt right now, they don t have $800 billion to justify pour into this right now, tony. yeah, but if small businesses aren t spending and big corporations aren t spending, if consumers aren t spending, someone has to spend, and the spender of last resort is the government. but that s a whole other conversation we could have. great to see you, sir. and good labor day to you. nice three-piece suit, by the way. thank you, doctor. you re spending, as well. i am a little bit. let s get more on the president s $15 billion plan for spending on the infrastructure of the country. ines ferre is joining me with a breakdown. ines. tony, it s rebuilding thousands of miles of roads and also railways and airport runways so you ve got 150,000 miles of roads, more some 4,000 miles of r
in a year because earnings are good, profits are strong, but they are not investing, not hiring. confidence is at a nine-month low. people just don t have jobs. the economy is growing. it s been growing over the past couple of quarters as john harwood mentioned but the last two quarters, growth has slowed. the recovery becomes elusive. we are losing momentum. you need growth two to three times more than what we are seeing in order to bring the unemployment rate down. what does that mean for consumers? consumers aren t spending. you are seeing it all over main street. we are becoming more frugal, more cautious. the beginning of the year we were comfortable. we are retreating more. foreclosures are continuing to rise. they were up in three of four of the largest metropolitan areas again in the first part of the year. we are also changing our behaviors. we are becoming much less wasteful and more resourceful. you know how i call you my silver lining girl?
whether he s running from his own. he is running on his record. he is running on a vision for the future and an economic plan that, as one component that has as one component, a fundamental principle that everyone ought to play by the same set of rules and everybody ought to get a fair shot. the white house today also released its mid session budget review and revised downward its projections for economic growth this year and next. it also lowered its expectations for the budget deficit this year. but lower means $1.2 trillion. bret. bret: thank you. the u.s. economy has never been so sluggish this long into a recovery. chief national correspondent jim angle takes a look at some of the reasons. economists have little doubt about why the economy is slowing. for one thing, consumers aren t spending enough because they don t have enough. n mainly because there is not a whole lot of income growth.