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i m erin burnett. outfront tonight, stocks tanked. the dow plunged 2774 points today killing all the gains of this year. it s the biggest drop since november. it was really bad day. the reason was a terrible jobs report. usually using adjectives like this are sometimes much for the markets but it s the way it was today. american employers add add meager 69,000 job, which is about half the number needed just to keep up with current population growth. it was the weakest month of hiring for the year and the unemployment rate went up to 8.2%. it was a grim day for the president. today we re still fighting our way back from the worst economic crisis since the great depression. the economy s growing again, but it s not growing as fast as we want it to grow. now, according to bianco research, no president has been re-elected in this country with an unemployment rate this high since the great depression. that was when fdr won and at that time unemployment was 13.7%. what ....
and the two frontrunners in a bitter duel with a lot to prove and a lot to lose. tonight mitt romney s toughest test since rick santorum s surge. if you want a fiscal conservative, you can t vote for rick santorum because he s not. does the word hypocrisy come to mind? it s a two-state showdown with one frontrunner trying to avoid an embarrassing defeat. governor romney is discovering you cannot take your home state for granted. will romney prove his staying power or will he suffer a crippling setback in michigan or arizona? it s america s choice. santorum climbed his way to the top. now he wants to win a valuable prize. the state where romney was born and raised. it s laughable that governor romney suggests that i am not a conservative. romney is waging a fierce battle, in two states that should have been shoes in. senator santorum hasn t been as carefully viewed by the american public as have the others. the two leaders struggling to erase vote ....
worth has destroyed about 30 homes already. it threatens many more. this is so big, the fire is so big and intense that firefighters haven t been able to contain any of that. right now crews are getting people out of its way and trying to protect the homes still standing. the fire has burned nearly 8,000 acres. air tankers are expected to drop water on the fire today. it is unclear how this fire started, but the epic drought and the heat may have made this the worst fire season in texas history. oklahoma is suffering, too. a fire near oklahoma city has forced people within a two square mile area out of their homes. it s going to be another busy day for rescuers in vermont. several hundred people are still trapped by floodwaters. irene with its punishing wind and rain turned some communities into islands, cut off from civilization. the national guard has been dropping supplies by helicopter. at one point you couldn t get into or out of 13 towns. authorities hope all of t ....
this hour, this moment i came to declare my candidacy for president of the united states of america. her main cain there. mitt romney meantime is in south carolina focusing on jobs and the economy, also a hopeful for the presidency. it s his first visit to the state since gearing up his political machine for possible presidential run in 2012. so far the former massachusetts governor s candidacy is undeclared. peter hand by is at the event and joins us on the phone from suburban columbia. it s presumed he s throwing his hat into the ring. otherwise, why would he put so much mileage to get his message across. it s a game we play. mitt romney is not officially a candidate. he came to south carolina obviously because this state is one of the first four states along with iowa, new hampshire and nevada that kicks off the presidental nominating process. it s a state he lost badly in 2008 when he last ran for president. he came down here today with the simple message about ....