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Transcripts For CNNW The Situation Room 20120804



the situation room . we begin with the state of unemployment in america, just three months before election day. both democrats and republicans have something to seize on in the newest jobs report. employers say they added 163,000 jobs to the u.s. economy in july. that s better than economists expected, and something for the obama camp to hang its hat on. but the romney camp is pointing to this figure, the overall unemployment rate unexpectedly rose to 8.3%, because american households report losing 195,000 jobs. we want to bring in our white house correspondent, dan lothian. so sounds like kind of a wash, politically, dan. it does. and what the president is trying to do is highlight the positive, as you pointed out. yes, the unemployment rate did tick up to 8.3%, but what they re focused on is the fact that jobs were created, more jobs than expected. the experts out there, economists had expected that some 95,000 jobs would have been created last month, but as you ....

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Transcripts For CNNW Erin Burnett OutFront 20120803



take a look at this ad in the wall street journal. first of all i want to draw your attention to the cartoon. there is obama on a tortoise with a whip. what was it supposed to be the tortoise and the hare? the newspaper denied the catchy cartoon but every word was written by glen hubbard. here in the second to last paragraph is the claim. president romney would create about 12 million new jobs in his first term and millions more after that. which means 250,000 jobs each and every single one of his 48 months in office. he says he will do that by cutting regulations and cutting taxes. does it add up? first the good news. tlt have been a few times in american history where this has happened. the chief economists of jp morgan notes it happened in the 1990s. that is where the good news ends for the romney jobs claim. since 1939 only 27% of monthly jobs reports have shown growth of 250,000 jobs or more. the research also notes the united states has never had four straight yea ....

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Transcripts For CNNW CNN Newsroom 20120803



finally, a job s report that beats expectations. sure, expectations were low, under 100,000, but look at this official net gain for july. 163,000. that s the most new jobs since february. the unemployment rate, meanwhile, a separate survey ticked up last month to 8.3%. christine romans watching this all-important gauge of economic vitality, shall we say. would you call the july numbers vital? i would say it s vital to the president s re-election prospects and vital to every single family in america who is trying to figure out if they can keep their job or get a job. yes, this is a really a important report. you gave the headline numbers. let me dig in a little bit. i took 40 pages of tables and graphs and put it in one graph to show you how it works. the private sector created 172,000 jobs, kyra. but the government is still a drag on overall job creation. 9,000 more government jobs lost. in the month, you have almost 500,000 government jobs that have been shed since feb ....

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Transcripts For CNNW Erin Burnett OutFront 20120802



good evening. i m erin burnett. mitt makes a bold promise. 12 million jobs. take a look at this ad in the wall street journal. first of all i want to draw your attention to the cartoon. there is obama on a tuortoise with a whip. what was it supposed to be the tortoise and the hare? the newspaper denied the catchy cartoon but every word was written by glen hubbard. here in the second to last paragraph is the claim. president romney would create about 12 million new jobs in his first term and millions more after that. which means 250,000 jobs each and every single one of his 48 months in office. he says he will do that by cutting regulations and cutting taxes. does it add up? first the good news. tlt have been a few times in american history where this has happened. the chief economists of jp morgan notes it happened in the 1990s. that is where the good news ends for the romney jobs claim. since 1939 only 27% of monthly jobs reports have shown growth of 250,000 jobs or mo ....

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Transcripts For CNNW The Situation Room 20120802



a commuter airliner and two other planes dangerously close to one another. it happened at washington s reagan national airport. and in an extraordinary move, the faa administrator and the transportation secretary came out today to talk about what happened. our brian todd is at the airport. brian. reporter: yeah, candy. extraordinary because for the first time we re getting the hard information from america s two top transportation officials that this was really too close a call. they came out in a hastily called news conference to say, yes, it was too close a call. another part of that news conference they really want to brush back on initial media reports saying that these planes were on a collision course. they re saying they would not have collided. that would not have happened. essentially the way they lay it out is this. it all played out pretty much over where i m standing here tuesday afternoon. there was a whole line of planes coming in from that direction tow ....

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