becoming homeowners and start making the cycle work to a better cycle. jenna: the intention of the plans as you mentioned was to soften the blow of the housing market. and in your opinion it just delayed it. so now we re going into another election cycle. how do you think housing plays as an issue for 2012? does it have a role? i think it does have a role. it has a role particularly in a lot of these markets. like the signs you just showed. in florida, nevada, california, these are places that were really hard hit in the housing market, and i think and they are continuing to feel that pain, and it s going to continue to feel like we are just still in a recession, even though we re not technically in a recession. i think if you go into the election the more you have housing problems, it s going to communicate with unemployment. it s also by the way potentially going to combine with inflation on gas prices and food prices. there is just not a lot of good
on the east coast. we are so glad you re with us. i m jenna lee? i m jon scott. there is a state of emergency in skwrop opinion, missouri as a massive tornado tore the community apart. miles of unbelievable destruction. 90 people known dead. the desperate search for survivors complicated by more harsh weather in the area. crews pelted with hail and rains as wind gusts threaten to push the debris around in dangerous ways. mike tobin live for us in joplin. what are you seeing where you are, mike? reporter: hopefully we re seeing a break in that second waive of harsh weather that moved through the area. the rain not falling too hard right now. a lot of lightning still in the sky. the wind never picked up that strong as the rain and hail came down. it tk delay crews who are searching through the debris trying to find survivors. everywhere you look out here you can see a scene of destruction. behind me you can possibly see some of the hydraulic diggers that are picking through the debris
what we can to get everyone to safety. we are helping somewhat with communications, because that s there are so many people coming to help and they need to be able to talk to each other. jon: and you know, no tornadoes apparently in today s forecast, but the misery of a downpour, you know, you ve got a hole in your roof if you re lucky enough to have a roof at all, you ve got a downpour coming through, you ve got 60-mile an hour straight line winds from the thunderstorm, that is just insult on top of injury. it really is. and this community just, more than ever, needs us to stand beside them and behind them and give them the strength they need and that extra encouragement. missouri is all about helping our neighbors, and so this is an example of us all pulling together to get through this unthinkable tragedy. jon: i went to school in missouri, and very, very good people there, and we wish them well. we know the nation is pulling for them. going to be a lot of people donating to the
can t recover. they are still kind of chugging along at a low economic growth rate. we have a high unemployment rate. we ve got to get that housing market chugging again. this news is not good. jenna: how do we get it chugging again? i think frankly you have to rip the band-aid off. part of the problem is that we ve had the obama administration has had niece mortgage support programs that has kept people in their homes, and a lot of those people it turns out either couldn t afford those homes in the first place, they bought houses they couldn t afford or ended up not being able to afford them, they lost their jobs, something awful happened to them. what s happened is they ended up for closing any ways, so we just put off the pain. and on some level you just have to go through that pain, the prices have to come down, and then other people get into the market. it creates homes that are actually more affordable for other people to get in and start
rick: jon: a fox news alert. take a look at live pictures, these from minneapolis. we ve been talking a lot about joplin, missouri, but minneapolis, also took a hit from a tornado yesterday. these pictures just coming in to the fox news room of the aftermath of that storm. imagine the terror there. you re in an ordinary neighborhood, going about your business on a sunday evening, and here comes a tornado roaring through. those folkies in minneapolis are picking up the pieces today. we ve got some more information and some more pictures to show you after a break.