sequestration cuts the good with the bad equally. and it is it one to two million jobs. going with this swift kind of auterit i plan. and it includes additional spending cuts. both will be necessary and when this issue is put to the voters in the last election they voted to have a balanced solution. we have achieved about two trillion in deficit reduction so far and have another two trillion to go and something that reasonable minds agree on. it will be more fun when you are making new investmentings. here s the problem. so many americans believe that congress is so pol oarized right now . so difficult to make head way at this moment. everybody is camped out and
population brian: that is a good point. go back 52 month was economic growth that president bush produced. there is no question we have a lot to do, but the president, and what i am excited about for the convention, it is a great opportunity for the president to lay out not only his plans, but the different approaches of governor romney s plan and his. brian: the president wants to build from the bottom up. that is economically impossible to build from the bottom up. you might want to benefit from bottom up but not build up. he wants to build from the middle out. the strength of our economic rested on a strong middle class. the kinds of investments that he want to make in infrastructure. brian: where are we getting that money? long-term investmentings.
they have so much cash that the politicalun certainty and economic uncertainty is preventing the investmentings. that makes no sense. companies have to think out far beyond what is happening. no, they don t. right. if you are a large or mudium company. you can go and have a good plan and make sense over time. if you don t know what the text policies will be. and being conservative with your cash and could see why. we aranty. and the companies convince them. many people within a decade
a state like california put it over the investmentings. i want to spend million on my public service. and that is making a hard choice . last year in los angeles. mayor sat down and renegotiated the exiting contract. it applies to the local town. there is a reof unicontracts. i am an opportunity for 30
london as police struggle to take back control of their streets. now americans are being urged to use caution when traveling around the city. good morning again. i m carol costello. three members of the congressional super committee have been chosen. nine more to go. there are 12. they will have 90 days to come up with $1.5 trillion in spending cuts. the selections and reaction to them on this american morning. all right. good morning, it is wednesday august 10th. ali is off today after working i think 15 or 16 straight days covering the markets and all that. more on the markets and the economy in just a moment. you seem a little short today. i know. i have a high chair. i think so. i like that. you re taller than i am, carol. good morning. i m carol costello. actually we have to talk about this first, london is burning a fourth night of looting and violence in the streets, parts of london resemble a war zone with burned out buildings and destruction. 16,000