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our political ticker at the bottom of the hour about the retirement of barney frank. they had a revolution. they ve ousted a ruler and now they are about to do something that is probably the most important thing that they have done and that is get out and vote. egyptians are hitting the polls today. they are out voting. it is the first in a series of elections for parliament and president. they are all under way. even in the midst of egypt s second major uprising of the year. the goal of both is the same an end to military rule which replaced the regime of long-time president hosni mubarak in february. turnout is surprisingly strong. voting for parliament will take stages. the presidential elections are set for june. pakistan says no more business as usual with the u.s. after a weekend air strike that nato calls tragic and unintended. nato helicopters from afghanistan opened fire on pakistani forces at the border killing 24 and wounding several others. afghan offi ....
know now is are we getting into another recession now? no. i submitted my forecast to the various polls last week and said no, the economy would grow faster in the second half, things will get better. are there perils? of course. those with money who don t need credit or who have the ability to get credit can really do well in this economy and those without jobs at the bottom, with tough credit, are excused for thinking that things are bad. absolutely. if you don t have a job, it is still a depression outside. or still a recession. we re not growing fast enough to help those people. to create the kinds of skwljobs need, we have to grow even higher. ken rogoff is a former chief economist for the imf, the world s leading expert on economic crises. we have got something going on in the world. is it recession? is it worse? i think it is pretty clear we have never escaped from the previous downturn. we re still living in the aftermath of it. it is slow and rocky. a ....
Leaders there who are hammering out a deal trying to work out a plan plan aimed at balancing world budgets today. they have talked about trying to cut deficits by half, by 2013. that is a very big goal. they re going to do it slowly and carefully. that s the one thing they ve agreed to. they re wrapping up there in toronto after three days of meeting and trying to hammer out some of the global financial issues that have gotten increasingly tense for a lot of folks. they re working together. and as they do more and have more plans, we ll watch as it plays out in a very difficult way as peter barnes just explained to us before the break. it s been almost a year since the government-run cash for clunkers program began. in the month immediately following the end of the program, the auto industry had a bit of a sales hangover. how are auto dealers doing today? economist peter mauricy is here to give us an update. great to see you today. nice to be here. there was a huge spike in that ....