all wait to vegas, baby, chasing a long shot and competing for free ivf. we begin with devastation on a historic scale in colorado, and the president is on his way as we speak to survey fire damage after signing a disaster declaration for the state. we re closely monitoring the waldo canyon fire which has become the most destructive fire in the state s history. at least one person was found dead overnight, another is still missing. nearly 17,000 acres scorched. 346 homes gone. 20,000 more threatened. this photo was taken before the fire. look at what the area looks like now. you re looking at the reality for hundreds of families. it was just total shock to see your house pretty much in a fireball. that s our house and it s in flames and i just started crying. there was no way around it. i was never going to go home again, so it s pretty sad. rob marciano on the ground near the waldo canyon fire. rob, how much of this fire have crews been actually able to contain to th
government. and the federal reserve and even from the executive branch itself. attempt to go stimulate the economy, what it amounts to, as you know, trillions of dollars in spending, that hasn t done much to actually benefit growth. and in fact, although we ve seen some encouraging signs, stock prices, for example, are up modestly this year, the big fear now is even if the economy does start to grow, inflation will be the next shoe to drop and that s for any safer, especially for lows, those in the middle and lower income brackets. yeah, you mentioned some of the keys here, unemployment high, and people not saving, so. yeah. this pace of this alleged recovery not sustainable in your view? well, it s not it s anemic, it s the good news, patti ann, however, the the u.s. economy is sick, europe and much of the rest is it of the world is on its death bed and that s why the u.s. stocks are out performing and remains good buys for the rest of 2012.
and good morning, everybody. it s wednesday, october 5th. a very cool, crisp day here in the northeast. welcome to american morning, everyone. lots of news to tell you about today. first, amanda knox is back on american soil. what a homecoming it was. knox touched down in seattle shortly after 8:00 last night, p.m. she thanked everyone who supported drew griffin was there. what was it like? reporter: before she even spoke, before anyone spoke, you could just see the relief on their faces. first the attorney addressed the crowd. if the if there were questions. mom and dad addressed the crowd? any questions for them? no. everybody just wanted to hear from her. amanda knox, and when she came to the podium, she said she had to remember, i have to speak in english now. i m really overwhelmed right now. reporter: after spending four years in an italian prison, amanda knox could hardly believe she was back home in seattle. i was looking down from the airplane and it seem
economy has not worked. the folks know that. every poll shows the president getting unfavorable opinions on economic matters. there is much more in play than mr. obama s political future. this country is in dire trouble. that is not an exaggeration. the gross domestic product is the total amount of all the goods and services the u.s.a. puts out every year. right now, federal spending is 24% of the g.d.p. 24%, a quarter of what we put out federal spending. and if you continue to spend at this rate, the amount of debt america is going to hold will pass the entire g.d.p. in 10 years. that means we re entering bankruptcy and default territory. right now the u.s.a. owes $14.4 trillion. and another 1.4 trillion will be added this year. so it s clear that not only is unemployment high, not only is housing a disaster, but the federal government continues to spend at a rate that is catastrophic. so why is this happening? well it, all boils down to
ages that the union is strong. congress skill squab blink over the healthcare law, unemployment high, mushrooming deficits as well, where does our union really stand at this moment in time. white house correspondent mike emanuel is live with more. what have we heard about the president s speech specifically. reporter: we expect two different types of speeches, one term what he s going to do about jobs. and longer term what he thinks america needs to do about competitiveness. the stakes are high, a lot of americans are wondering where thaeurb next job is going to come from. i spoke with political expert larry sabado and he laid out the stakes in the speech. he has to reconcile his democratic philosophy with the fact that song is now controlled in the house by republicans, and there is a big wide gap there and it won t be easy to do. he s flying to split the baby.