gregg: bottom of the hour. time for top of the news. president obama is trying to woo unions in michigan, days before the president expected to unveil a plan thursday to create more jobs. heather: governor perry pulls out of a critical forum for republican presidential candidates. his camp says he will head back to texas to deal with the wildfires. gregg: forcasters say dry heat, ñ ws creating ripe conditions for those deadly wildfires to spread. the flames have already consumed several lives and hundreds of homes. heather: america s economy stalled. the august jobless rate stuck at 9.1%.
proposing more of the same. everything that mr. obama seems to be prepared to introduce, merely4. keeps us where we are. replacing the stimulus spending with infrastructure bank. continuing the payroll tax holiday. so on and so forth. unemployment benefits, it does nothing to ink what the situation, nothing new that is going to be proposed except to try to put the republicans on the defensive. the president doesn t understand making this a political issue, as he s doing at a time of great economic crisis going to does the confidence of the american people and make it certain we go there. is his reelection worth tanking the american economy? heather: 15% unemployment, you think that s a possibility? absolutely. if we go south again we will hit 15%, without a problem. so many people quit looking they just don t count in the statistics.
not one job, not one single job added last month. disappointing news for so many americans to say the least, pounding the pavement, looking for jobs and looking to washington to kick start the economy. the number one political topic right now, job creation. the president will make a major speech thursday that s before a joint session of congress to layout his jobs plan. secretary of labor had this to say about the president s plan: heather: global stocks picking up today where they
left off last week posting big declines. there s concern about the health of the u.s. economy. investors also worrying about many european countries that are in economic trouble as well. joining us from washington former chief economist at the united states international trade commission and business professor at the university of maryland. thanks very much for joining us. nice to be with you. heather: on this labor day. we are talking about labor, jobs and the economy. global stocks as we mentioned, they continue to post steep declines. wall street closed for labor day. we know the u.s. equity index futures declined. do you see this as a ball in motion, a domino effect that is going to be unveiled tomorrow? ly we have a vote of no can in the equity markets on the policies of barack obama and the efforts in europe to turn around the situation in greece and italy. in both places they keep