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understand this financial crisis was the worst since the great depression, but ultimately they say, look, he s the president. we think he has good intentions, but we re impatient and we want to see things move faster. i understand that. i m sympathetic to it. we ll keep on putting forward ideas that will be good for the country. we re going to need a partner from congress. on the other side of the political spectrum, listen to what governor rick perry said in iowa and he s not backing off. you might hear him catch more heat for it today. politicians from president obama to rick santorum thought perry went overboard when he talked about the federal reserve and its chairman ben bernanke. listen. if this guy prints more money between now and the election, i don t know what you all would do to him in iowa, but we would treat him pretty ugly down in texas. i mean printing more money to play politics at this particular time in american history is almost treasonness in my ....
and 13.9 million people are still out of work. we just can t seem to catch a break. don pack is features editor for the atlantic and wrote can the middle class be saved? don, what s the answer, can it? the middle class can be saved but we need to take a wide array of aggressive action to save it, i think. it s interesting the middle class itself has in many ways been downgraded in this recession. the housing bubble amassed a host of problems. the middle class has been slowly hallowing for years, wages in the middle class were stagnant throughout the odds. but the middle class retained a sense of optimism and forward progress because of increase in housing wealth and the increasing debt that went with it. but the recession has blown away that fig leaf. and one reason i think that this period has seemed so painful to so many people is in some ways we ve seen the concentration of a decades disappointment in just the past three years. yeah. when you look at the lo ....
deal would save the u.s. credit rating. i m gloria borger in for candy crowley. and this is state of the union. we re just an hour away from a vote in the senate on a democratic plan to raise the debt limit, but the real action is between the president and the republican senate leader mitch mcconnell. i spoke with him earlier, and he was optimistic about getting a deal. let me get right to it. can you announce this morning that a plan has been reached, there s a deal? we re very close. we had a very good day yesterday, both the president and the vice president called me, and the president talked to the speaker, as well. and they understand that with a republican majority in the house and a very row bous republican minority in the senate we have to come together. i think we ve made dramatic progress in that direction since april, for example, when the administration, gloria, was asking us to raise the debt creeling with no spending reductions at all, nothing, just ....
the end of next year, beyond the election, with cuts and spending caps also on the table, house speaker john boehner wants all house members to weigh in. so he plans to hold a conference call with many of them sometime today. so we ve got up to the minute coverage of what s happening in washington. cnn s kate bolduan is on capitol hill. dan lothian is at the white house. first to you, kate, senate leaders in both parties keep saying that they are, quote, very close to a deal. what more do we know? reporter: we don t have specifics of a final deal quite yet because as far as we know, the final deal has not yet been struck. but we are getting some details are emerging of the tentative framework of really where the conversation is focusing at this point. and noteworthy is the is the change in tone and the change of mood up here from yesterday. many people many senators that we re talking to now saying that they re very close to a deal, getting very close to a deal, ....
bipartisan plan would increase the debt limit through the end of next year, beyond the election. cuts and spending caps are still on the table. and house speaker john boehner apparently is planning a conference call sometime soon with house members. so we have up to the minute coverage of what s happening in washington. cnn s kate bolduan is on capitol hill. dan lothian at the white house. let s begin with you, kate. senate leaders in both parties say they are, quote, very close to a deal. we know they are still negotiating. what have you been able to find out about? what is in this framework of this $3 trillion deal? reporter: we don t have specifics of, of course, the final deal because, as they always say, there s no deal until there is a deal. but we are getting some details are emerging of a tentative framework of what the negotiators are talking about. real quick before i get to that, we have i don t know if we actually have the video turned around quite yet. ....