little bit, about 2%. not very good, but nothing like jimmy carter. jon: hmm. all right, interesting. a look back there in the crystal ball as well. larry sabato, it s been a pleasure having your projections on. you were pretty much on the money. thank for being with us today. thank you, jon. we ve had a great year and great time being with you. jenna: during our show yesterday we got word of a devastating earthquake, and now we know more. this earthquake killing dozens of people, and new images of the destruction. an update just ahead. plus, time is running out to stop the economy from going over the so-called fiscal cliff. a top economist on what happens if no deal is reached on some of these looming, massive tax hikes, some of these looming spending cuts. what s really at stake? next. new pink lemonade 5-hour energy?
wo oar back with the megapanel and the specialist with an explosive new book. the white house is aflutter about it, particularly a memo leased in this book called the escape artists, about the obama economic team. as you know, a subject near and dear to my own heart, especially the decisions made in 08 and 09, specifically decisions behind what the author of this new book claims was the obama economic team s fumbling of the economic recoveries. gno nome shriver is the senior editor at the new republic and has written a book that explains how, my favorite question, how obama s team fumbled the recovery. what s the answer? i think there are three key moments. the first was the initial stimulus decision in late 2008 when they huddled during the transition. i write in the book his top economist thought it would take between $1.7 trillion and $1.8
oh, here we go. oh, kyra. what a laugh to start the day. happy monday, peeps. happy monday. [ laughter ] kyra, have a good show. we start off with presidential politics and the two states that will be critical in choosing the new president. the new presidential nominee. mitt romney is considered the heavy favorite. iowa is still up for grabs just 10 weeks before it hosts the nation s first caucuses. gingrich kicking off his day with a town hall. rick santorum holding several meet and greets across the state. both are touting their conservative credentials and seizing on the latest stumbles by herman cain. paul steinhauser has the big picture from washington. shannon travis on the campaign trail in iowa. paul, let s start with you. as romney files to get onto the new hampshire ballot, how strong is his lead? what do you think? very strong in the granite state. about 15 minutes from now, he ll be in concord, the state capital, and make it official there by putting
economic forecast. let s get to alison kosik. she s monitoring everything today where at one point today, the dow tanked morning 500 points. what s going on? that s right. these worries about a recession were ampfullied today. not just in the u.s., but overseas as well. the federal reserve spooked everybody first. this was yesterday. the fed giving a really bleak assessment of the u.s. economy warning of significant downside risks to the economic outlook. translation there that the economy will get significantly weaker. then overnight, we got weak manufacturing reports out of europe, the u.k, even china, which had been an engine of growth out of the great recession. you have to remember, wolf, we re all interconnected. only been one economist to tell us europe is probably in a recession and the u.s. is teetering on the brink of one. wolf? so, basically, it doesn t look very promising right now. what are they brace you for tomorrow? tomorrow, we re trying to see if we re
think by now they d get the message. an earthquake. a hurricane. are you listening? the american people have done everything they possibly can, now it s time for an act of god and we re getting it. now, it s pretty obvious to most people she was joking but some who didn t see her remarks or maybe read the quotes in newspapers or on line took her literally suggesting that she s an evangelical christian and that s what she actually believes. you can judge for yourself but her aides insist it was all just a joke. carl cameron on a beautiful night in front of the capitol. great to see you. gorgeous! president today nominating a former treasury department official to serve as his top economist, ahead of a big speech on a plan to create jobs and cut the deficit. alan krueger is currently at princeton university. during his time at the treasury, he worked on a number of programs including clash for clunkers which gave new car buyers thousands of dollars in