depleted their savings, their retirement nest eggs, so they have not had the benefit of the stock market recovery that other people have. so that s very troubling. the president brags about all the jobs created. what he doesn t recognize and what he doesn t admit is all the jobs lost. and, in fact, the labor participation rate is at its lowest level since 1978 because so many people have given up, they quit. yes, they quit. john travolta was singing staying alive the last time the unemployment rate participation rate was this low. that s troubling because people are just dropping out. they are not seeing jobs, they are not trying anymore, and again, many of them are long-term unemployed relying on unemployment benefits, and there may not be the incentive to go out to look for jobs. so there are a lot of factors here. if those who had stopped looking for work were counted,
out front tonight we re live from washington as ee get ready for the big debate tomorrow night. there s a super failure tonight. such failure that the leaders of the super committee didn t even face the press. they issued a statement. which read in part, despite our inability to bridge the committee s significant differences, we end this process united in our belief that the nation s fiscal crisis must be addressed. they didn t say by someone else. but they kind of did. they agreed on one thing that they who had the mandate to do a deal with a simple majority would all kick the can down the road. even though we are in a crisis. that is pretty audacious. super committee, you had the power as they say, if not you then who? if not now, then when? the super committee was told to cut 2.6% of the budget over ten years. that s it. 2.6%. and they couldn t do it. the president did approach a camera to say he would veto what john mccain had suggested, which was to halt the automatic
his first bomb. his targets, veterans, police and the post office. let s go out front. i m erin burnett. out front tonight we re live from washington as ee get ready for the big debate tomorrow night. there s a super failure tonight. such failure that the leaders of the super committee didn t even face the press. they issued a statement. which read in part, despite our inability to bridge the committee s significant differences, we end this process united in our belief that the nation s fiscal crisis must be addressed. they didn t say by someone else. but they kind of did. they agreed on one thing that they who had the mandate to do a deal with a simple majority would all kick the can down the road. even though we are in a crisis. that is pretty audacious. super committee, you had the power as they say, if not you then who? if not now, then when? they were told to cut 2.6% of the budget over ten years. they couldn t do it. the president did approach a camera to say he w
suspect just before he built his first bomb. let s go outfront. i m erin burnett. out front tonight we re live from washington as ee get ready for the big debate tomorrow night. there s a super failure tonight. such failure that the leaders of the super committee didn t even face the press. they issued a statement. which read in part, despite our inability to bridge the committee s significant differences, we end this process united in our belief that the nation s fiscal crisis must be addressed. they didn t say by someone else. but they kind of did. they agreed on one thing that they who had the mandate to do a deal with a simple majority would all kick the can down the road. even though we are in a crisis. that is pretty audacious. super committee, you had the power as they say, if not you then who? if not now, then when? the super committee was told to cut 2.6% of the budget over ten years. that s it. 2.6%. and they couldn t do it. the president did approach a camera
a ton of money. this hour, how he s dealing with the new messes that the country simply can t afford right now. and from the seat of power to an iron cage in a courtroom, the ousted egyptian president hosni mubarak goes on trial for allegedly ordering the killing of protesters. i m wolf blitzer, you re in the situation room. sort of vacation right now, they re on leave while tens of thousands of american workers are going without a paycheck because of their inaction. a lot of new anger and fingerpointing over the partial shut down of the federal aviation administration. senators went on break yesterday without extending the agency s funding. today the president is urging them to get back to work and solve this expensive and very embarrassing problem. let s begin our coverage this hour with cnn s ted rowlands joining us live from chicago s o hare airport. this is an outrage, ted, what is it like out there? well, wolf, people around the country are absolutely disgusted