best day for the entire year. the dow jumps 287 points. so you can say why, the sheer excitement. the ebulliance. have we suddenly solved all of our economic problems? have we stumbled upon a machine gun of silver bullets? have we found our terminator? not so fast, arnold. today we got shot up with rubber bullets. it was an arsenal of talk but no concrete action. in europe, the central bank chief said officials stand ready to act and there were reports of talks of a possible deal to bail out banks in countries in crisis like spain. that s a lot of talk. being ready to stand by is different than standing by. here at home, the fed said it may be ready to take further action to help spur the economy, extending unprecedented efforts to ease credit. now, that s still talk and not action. is this what we have come to, so desperate, hanging on to the economic precipice that a little sweet talk sends stocks to the moon? outfront tonight, doug holtz-eakin, and robert reich, author of
outfront tonight we have breaking news. a surge of the day. stocks just jumped to the moon. dow and s&p had their single best day for the entire year. the dow jumps 287 points. so you can say why, the sheer excitement. have we suddenly solved all of our economic problems? have we stumbled upon a machine gun of silver bullets? have we found our terminator? not so fast, arnold. today we got shot up with rubber bullets. it was an arsenal of talk but no concrete action. in europe, the central bank chief said officials stand ready to act and there were reports of talks of a possible deal to bail out banks in countries in crisis like spain. that s a lot of talk. being ready to stand by is different than standing by. here at home, the fed said it may be ready to take further action to help spur the economy, extending unprecedented efforts to ease credit. now, that s still talk and not action. is this what we have come to, so desperate, hanging on to the economic precipice that a lit
i m erin burnett. outfront tonight, showdown ant camp david. the world s heavyweights are in the ring. the g-8 leaders arriving today. president obama having them all at guests as camp david. a fancy din play a bunch of games and hang out, and literally, that s what it s like. but it s also going to be a little bit like, like a boxing fight. like the fight where tyson took off the ear of evander holyfield. they re going to take it all off and fight. [ bell rings ] reporter: francois hollande the challenger, wants to borrow a boat load of money and say sayonara to the money cuts. and telling angela merkel her austere ways of over. the ref, the guy with the smile hoping not to get hit with body blows or parts is barack obama. a big decision to make. side with more cuts or risk his presidency say heg wants to borrow more money now to save the economy? all smiles aside, this choice may decide whether america remains the world s biggest and best. one person fighting since day
i m erin burnett. outfront tonight, showdown ant camp david. the world s heavyweights are in the ring. the g-8 leaders arriving today. president obama having them all as guests at camp david. a fancy dinner, play a bunch of games and hang out, and literally, that s what it s like. but it s also going to be a little bit like, like a boxing fight. like the fight where tyson took off the ear of evander holyfield. they re going to take it all off and fight. [ bell rings ] reporter: francois hollande the challenger, wants to borrow a boat load of money and say sayonara to the money cuts. and telling angela merkel her aus tear ways are over. the ref, the guy with the smile hoping not to get hit with body blows or parts is barack obama. a big decision to make. will he side with more cuts or will he risk his presidency saying he wants to bore mow more money now to save the economy? all smiling aside, this choice may determine if america remains the world s biggest and best. one p
i m erin burnett. outfront tonight, showdown ant camp david. the world s heavyweights are in the ring. the g-8 leaders arriving today. president obama having them all at guests as camp david. a fancy din play a bunch of games and hang out, and literally, that s what it s like. but it s also going to be a little bit like, like a boxing fight. like the fight where tyson took off the ear of evander holyfield. they re going to take it all off and fight. [ bell rings ] reporter: francois hollande the challenger, wants to borrow a boat load of money and say sayonara to the money cuts. and telling angela merkel her austere ways of over. the ref, the guy with the smile hoping not to get hit with body blows or parts is barack obama. a big decision to make. side with more cuts or risk his presidency say heg wants to borrow more money now to save the economy? all smiles aside, this choice may decide whether america remains the world s biggest and best. one person fighting since day