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Detailed text transcripts for TV channel - FOXNEWS - 20120830:16:19:00

democrats are zeroing on two aspects of congressman ryan s speech, the first ever them concerns, what was once the largest employer in ryan s hometown of jamesville, wisconsin. a lot of guys i went to high school with worked at that gm plant. right there at that plant candidate obama said, i believe that if our government is there to support you this plant will be here for another 100 years. that s what he said in 2008. well, as it turned out that plant didn t last another year. it is locked up and empty to this day. reporter: it is true that president obama when he was running for the office in february 2008 toured that gm plant in jamesville. democrats point out this morning that the plant actually closed in december of 2008 under president bush who in that same month authorized an emergency loan of 14 billion to gm and chrysler but it wasn t enough to prevent gm with moving forward with announced in october of 08

Detailed text transcripts for TV channel - FOXNEWS - 20120830:15:26:00

basically too proud to ask for help. but when they see the vote, they are coming out. they have rescued at least 70 people, and you can see where i am is the jordan river. a subdivision of about 1500 houses. about half are under water. that is the real danger for mississippi that we are seeing right now. this is not really directly from the hurricane, which is not near the coast, what you are seeing is the jordan river flood water. in between the hurricane and heavy rain we have gone to the last two days and high tide coming in, it is getting worse here even though the storm is gone. people are concerned because the situation continues to get worse and more rain will only complicate things. jenna: looking over your shoulder, you can see the speed limit sign. it is just about to that point. maybe using @-at-sign as an example, how much higher do they expect the water to go today? reporter: it depends on the

Detailed text transcripts for TV channel - FOXNEWS - 20120830:15:33:00

can take some of the blame but not all. reporter: isaac still dumping some heavy rains along the gulf coast region. many refineries are still shut down right now. some of them are operating at reduced rates. but about 1.3 barrels, i should say million barrels of refining capacity, have been affected by this storm. that is what is driving up as prices at the pump. in fact, aaa reporting that national average jumped another 2 cents of $22.83 is a national average. that is up 30 cents from just one month ago. those that are seeing the biggest jump in prices are louisiana, mississippi, and all the way up north, unsuspecting drivers in illinois and indiana have seen some of the biggest price spikes. there may not be much relief in sight. analysts are expecting the prices will continue to rise, even further as the damage of the storm is assessed and as we

Detailed text transcripts for TV channel - FOXNEWS - 20120830:15:27:00

rain. i saw one man pulling his wife out on a raft with belongings, and she said i m getting too old for this. they have no electric power, so that meant a night without air conditioning in addition to all the other anxiety. she said we are thinking of selling because every storm, we are really getting hit hard. even though the storm has moved on, they are troubled still today. jenna: we can understand how fatiguing that would be. steve, back to you throughout the day as we continue coverage and move on to norms. jon: so hard to stay positive in a flood. we have elizabeth live in new orleans. reporter: hello, jon. the story is not over, despite steve was mentioning. it may be 125 miles north of here, but it is still wreaking

Detailed text transcripts for TV channel - FOXNEWS - 20120830:15:34:00

work our way through one of the biggest driving weekend of the year. labor day. when all the demand for gasoline tends to jump up. perhaps the good news and bright side of us is that that while over 90% of all oil production is taken during the storm, over the weekend, analysts are predicting that as we see that production come back online, we could see a somewhat quick retreat from the higher energy prices that we are paying today. we will keep our fingers crossed. jenna: it never seems quite fast enough. reporter: exactly. they tend to come down a little bit slower then they go up we do thank you very much, sandra. jon: fox news is america s election headquarters. vice presidential nominee paul ryan using his convention speech to attack president obama. challenging his opponents to debate on the medicare issue. a romney-ryan administration

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