hours ago. at least two people are injured. their house apparently destroyed by the blast and the fire that soon followed. witnesses say the explosion was so loud it shattered their windows. more than 20 homes have now been evacuated in the area. firefighters say it is still unclear whether a reported gas leak in the area may be to blame. not since the fall of 2008 have we felt this kind of concern, the whole world watching european economic struggles and the united states unable to dent the unemployment average. financial markets struggling with headlines like, gruesome week, recession fears, and profits wrecked by a golden decade. here now to put it in perspective for us fox news contributor charles paine. the author of be smart, act fast, get rich. charles, i look at this and it actually is a little scary, when you look in particular what is happening with europe. we are talking about 44 million people unemployed in countries
heard of 30 people rushing in like that. martha: it s a tough situation for store owners and community leaders are considering a curfew, they just did this in philadelphia and they are hoping it will prevent things like this in the future. bill: more and more common. president obama saying he has a plan to get america working again and he will unveil that plan soon. national unemployment average hitting 9.1% in july and the following chart will show you the unemployment rate ticking up steadily since 2007. look at that line. the president telling supporters last night in iowa that he ll work on a plan and make it public just not right now. i ll be putting forward when they come back in september a very specific plan to boost the economy, to create jobs, and to control our decifit. and my attitude is, get it done. bill: others are saying why wait until then. virginia governor bob mcdonald is the brand new chairman of the republican governor s association replacing rick perry of texas.
i agree, i have a big name id, but i don t think that s the reason i m doing as well as i am in the polls. greta: national unemployment average right now is 8.8%. that doesn t include the under employed or the people who have given up. what would you do specifically for some inner cities like detroit where the numbers are up around 25, 28%, huge numbers for huge segments of our population? seems like the rich get richer. what about the people really getting hammered? i love that question. i would bring the jobs back home. we are sending jobs, money, they are making our products in india, china, mexico. look at iowa, maytag moved to mexico took the entire lot of jobs. people in newton, a wonderful place the unemployment is through the roof right now. look at different places throughout the country, i d bring the jobs back home. it is crazy. when you have a credit card and you want to check on your
i agree, i have a big name id, but i don t think that s the reason i m doing as well as i am in the polls. greta: national unemployment average right now is 8.8%. that doesn t include the under employed or the people who have given up. what would you do specifically for some inner cities like detroit where the numbers are up around 25, 28%, huge numbers for huge segments of our population? seems like the rich get richer. what about the people really getting hammered? i love that question. i would bring the jobs back home. we are sending jobs, money, they are making our products in india, china, mexico. look at iowa, maytag moved to mexico took the entire lot of jobs. people in newton, a wonderful place the unemployment is through the roof right now. look at different places throughout the country, i d bring the jobs back home. it is crazy. when you have a credit card
lieutenant governor joins us live. also new numbers out this week showing the nation s gdp is shrinking and the four week unemployment average is rising. now fed chief ben bernanke says he is prepared to take the dramatic steps if the situation gets worse. so what exactly does he mean by that? joining us now is ed. great to see you again. we ve been hearing a lot of negative talk coming out of the experts about the economic situation. one of the words that keeps on popping up is recession. question, first of all, they say that the possibility of a recession is increasing. do you agree with that? well, i do agree with that. the economy is not growing fast and the definition of a recession is two quarters in a row with negative gdp. let me put something in perspective as to what ben bernanke said yesterday. the government has throughout history, they have a goal. the goal is for the economy to