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To him his book, why there wasn t a louder cry from the bush white house including your father about danger of selling these subprime mortgages all over the place? i think clearly the crisis was deeper than anybody anticipated or could have imagined. bill: they just didn t know how bad it was. that s the fair answer. no, and they took steps, but the steps were really important so that the economy didn t fall off the cliff. bill: the second one is the iraq war. you know i m a supporter or was a supporter. i didn t know that. bill: it s true. i m on the record of supporting the enhanced interrogations, the patriot act, guantanamo bay and, you know, consistently across the line. but as a historical record and the historical record is that americans were not aware of the big threat that al-qaida was posing. that is actually on al-qaida that before 9/11, we treated it like a law enforcement problem. bill: yes, clinton did and bush did. that s the difference that the presid ....
Wasn t a louder cry from the bush white house including your father about danger of selling these subprime mortgages all over the place? i think clearly the crisis was deeper than anybody anticipated or could he imagined. bill: they just didn t know how bad it was. that s the fair answer. no, and they took steps, but the steps were really important so that the economy didn t fall off the cliff. bill: the second one is the iraq war. you know i m a supporter or was a supporter. i didn t know that. bill: it s true. i m on the record of supporting the enhanced interrogations, the patriot act, guantanamo bay and, you know, consistently across the line. but as a historical record and the historical record is that americans were not aware of the big reat that al-qaida was posing. that is actually on al-qaida that before 9/11, we treated it like a law enforcement problem. bill: yes, clinton did and bush did. that s the difference that the president and the vice president, bus ....
and at 4:00 eastern time, at the movies, we re getting the grade on contagion. president obama calls his plan a jolt, not a stimulus. but it is. still, the big question remains, will it work? i m christine romans. welcome to your your money. the american jobs act includes payroll tax cuts for 98% of businesses, a tax credit for hiring unemployed veterans, modernization of 35,000 public schools, a tax credit for hiring the long-term unemployed and a provision to help refinance mortgages at very low interest rates. stephen moore is an editorial writer with the wall street journal. mark zandi says this plan, if it was enacted in its entirety could create almost 2 million jobs. let me guess, you re skeptical? i am. i m friends with mark and have known him for a long time. but he s been wrong on his projections on jobs. an amazing statistic, i just looked up these numbers. we have 1 million fewer jobs today than we did in february of y when we created the $800 bill ....
Big when he delivers that speech on thursday. we ll have to wait until thursday to see if he does in fact go big, but of course it s a difficult backdrop the president is speaking on this labor day. we got a dismal jobs report on friday that showed that the economy didn t add any new jobs during the month of august and that the unemployment rate remains stuck at 9 .1%. and then if you look at the jobless rate in michigan it actually gets worse. the unemployment rate there 10.9% and then in detroit alone look at that, it tops 15%. so the folks there in michigan today certainly want to hear from the president how he s going to create more jobs and again a lot of pressure on him to go big when he delivers that speech on thursday, craig. unemployment in detroit about 16%. again that figure does not include the underemployed and there are thought to be a significant number of those. ....
out from his hiding place revealing new information about cease fire talks. could his father be ready to surrender. we ll have that exclusive report seconds away. tropical storm lee is putting parts of the gulf coast under water. cnn reporters are positioned in towns right in the storm s path. we ll take you there live. then we ll head to an area still reeling from hurricane irene. president obama plays a visit to paterson, new jersey. a live report is just ahead. first to libya and exclusive developments right here on cnn. moammar gadhafi and influential sons appear to be running out of options. that s according to cnn international correspondent, earlier this year in tripoli, that was before the capital fell to rememberle forces. the whereabouts of moammar gadhafi are still unknown are they. nick robertson has spoke about the dwindling chances for some kind of cease fire. look at this map. south of tripoli is bani, walid one of the few places where they find support ....