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Detailed text transcripts for TV channel - CNN - 20100614:13:32:00

Backward, we have to take emergency measures. the economy is at a critical junctionture. it is recovering, but it is a critical juncture. we have 9.7% unemployment in the country. every one of those people out of work and the millions more underemployed are not living up to their economic potential. retail sales are down 1.2%. you know people are pulling in. they are still nervous about joblessness. even with a 30-year fixed mortgage rate of 4.81%. folks, there very low. 4.81% for a 30-year fixed rate mortgage. you still have concerns from housing experts that until the job situation gets better, the housing market will be stagnant at best. so, what the president is saying is that he wants money put to keep teachers on the job, david axelrod and his top advisers are saying if you don t do something, you will lose 300,000 teachers this year. he wants emergency responders to be kept online and to help ....

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