this morning we learned that the. mother of the. private sector jobs. the unemployment rate went down whoa whoa slow down there mr president don't pat yourself on the back too soon as the white house touts its so-called economic progress millions of americans still have nothing to celebrate this holiday season . but the bank sure do record profits secret bailouts and that's just the tip of the economic iceberg well air out wall street dirty laundry. but totally agree with occupy wall street even told us that we're talking growth i am a part of that money. didn't they get to hear that from us police officer right and

he is certainly not the only one breaking ranks to support occupy wall street because not even a police badge can shield them against a bad economy. it's friday december second seven pm in washington d.c. i'm liz wall and you're watching. well new jobs numbers out today paints a slightly better picture of the nation's unemployment the labor department reports the jobless rate fell to eight point six percent here's how the mainstream media is reacting to the news today i think you're going to drop in unemployment for november going from nine percent to eight point six percent unemployment rate dropped to its lowest level since march of two thousand nine hundred five in the white house this morning at least up to me breathing a sigh of relief shows you that there's hiring there's hiring again slow but steady

hiring well it certainly is good news in that the trend is moving in the right direction to get good news like this every month that his reelection power will get it will get easier certainly now of the service the decline in unemployment looks like positive news after all it's the lowest levels of unemployment. in the u.s. since march of two thousand and nine and one hundred twenty thousand private jobs were created in november but if you dig deeper you'll find there is really not much to celebrate that's because about half the decline is due to people giving up on finding work three hundred fifteen thousand people simply stopped looking there are currently more than thirteen million people out of out of work here in the u.s. so what is the real state of the economy these days and is a pretty picture at harrison founder of credit write downs was here a little earlier to help me dig deeper into this take a listen. you know to begin with two hundred thousand jobs which is what you get when you add one hundred twenty thousand as the headline number to the estimate

from before there was a plus seventy two thousand from previous adjustments that's really just treading water so this isn't a huge number it's an ok number but it's not a great number or to me it's good enough so that the president can go forward and say look you know things are getting better what he's hoping for is that as the election campaign kicks on he can say look march two thousand and that was at the nadir i was just president for two months of that time and look what's happened since the things are better obviously we're doing is working and that's what he wants to be able to say but really more people actually stopped looking for work then those that actually gained work. and so if these people that dropped out and that have dropped out of the workforce now decided to start looking that that could actually make the unemployment number go back up to you know what you should expect a really good economy will show improving workforce participation rate and this

participation rate is actually continuing to decline we saw it go from sixty four point two to sixty four percent so what that says is that the economy is not robust yet so we could see them tick up but i'm sure that the president will tried to play with that and say that the work isn't done yet and so forth and so on from the republican standpoint how this is going to be really difficult to be able to spend in any way what you know the republican the president going to try to keep on saying over and over again is look march two thousand and versus today you know because this number is the best them that we've seen since march two thousand he will say you know we could be in a depression right now things are great bought you know i've got you to where we are today and we still a long way to go and exactly at these numbers the jobless number is it has huge implications implications political. historically unemployment is about seven point two percent it's really hard for the incumbent to get reelected so obama is

definitely using going to use this to his advantage but then can't the republicans point out really what the real picture is will rue pictures is that you know the economist it was a long way to go and we would be depressed if it weren't for this question is whether you think that the president is responsible for the whether he's done enough and whether or not you really want to change horses in the middle of the race if you think that that's not enough you know the president needs to do more than you'll go for the republicans my personal view is that if if the unemployment rate stays where it is or thereabouts it's going to be difficult for the republicans to say definitively that the president has not delivered and therefore they're going to need something else in order to to make their stake that you should choose instead of and one of our going other point up with the economy the way that it is we've been in this recession for years are some say we still are in

a recession but yesterday the senate passed a bill it's the defense bill six hundred sixty two billion dollars so that money is now being pumped in to the military military operations expanding military bases so considering the economic state of the nation why a pump more money into the military when a lot of people say the focus should be on on jobs on building the autonomy back up to you know obviously the military they buy things too and they create jobs as well the question is whether or not over the long term this is a productive use of america's limited financial resources and i would say you know obviously the united states has half of the military expenditure in the entire war which is to log. and so over time we should look to decrease that but if we were decrease it obviously you would you would see job losses as

a result of decreasing that the question is whether or not the economy could take that at this particular juncture i don't think it could take it. you know you can redeploy those somewhere else. it's not that the military would duction is going to increase the economy it's just about over the long term whether or not to reduce the reduction of military expenditure is a more efficient use of resources that's a longer term sort of argument right but so much money as you mentioned is already pumped into the military and we're not seeing significant job creation so how is pumping more money into the military going to create jobs it seems not really likely. that you work at mcdonnell douglas or you work at boeing or any the other. manufacturers and suddenly someone comes and says well we're going to cut the budget by twenty billion dollars suddenly those people are out of work that's the reality the question is where would they find work over the longer term instead of

where they have worked. the we don't know what that answer is but i would say that they would be able to find. ways to work that are more productive increase you know growth greater than if they were in the military industrial complex. just want to ask you one last question we are seeing for the first time in a long time this positive growth looking ahead to do you think that this is going to be the start of a new trend that we're going to see see more improvement or maybe it'll go back down to what do you think. it's just one month it's not a trend you pointed out quite correctly that the labor to spatially rate really is just not there yet we should actually expect to see. increase over time so unless you do the nuff jobs to deal with the number of people coming into the labor force we should expect actually the unemployment rate to go up slightly if the economy is

going to start firing on all cylinders so this is just a one off let's see if there's any omes to this if it pulls through but at this point i think that we're still in a very weak position at where thank you so much for weighing in on this that was credit write downs founder edward harrison well wall street has faced the ire of protesters across the country for the past couple of months members of the movement are calling out the wall street fat cats for contributing to the economic decline by being greedy and corrupt they're also angry that the same people seem to get rewarded with big bonuses and while the movement has brought some attention to the issue of income inequality and corporate corruption there may be much more wall street doesn't want you to know about one columnist has a vault six shocking revelations about wall street secret government let's take a quick look at them. the first one the big banks and hedge funds were in much more trouble than we were led to believe number two wall street secret government made

sure the largest banks would grow even larger aided by secret funding and the bigger wall street becomes the more government it can buy and wall street secret government all it serves to protect its own. and wall street is a clear and present danger to a democracy and lastly the occupy wall street movement is fundable fundamentally correct but we need more i spoke to the man that's helping bring all of this to light economist and author les leopold i asked him just how wall street how wall street is pulling all of this off here's what he had to say. the fundamental way that it's done is through a revolving door where the top wall street executives become the head of the treasury and at the height of the crisis unbeknownst to anybody in congress. the secret government provided all street with seven point seven seven

trillion dollars of loans meanwhile we were told the tarp program of seven hundred billion was all there was to it and those people who were trying to regulate the banks were considering legislation to go back to glasgow people to break up the hordes banks those people were not told those congressional leaders were not told of the incredibly bad condition that the wall street banks were in and of these secret loans. and so the banks you all say that the banks there they were getting and bigger trouble than the public knew about what do you mean by that well without this seven point seven seven trillion dollars of money they would have been toast they would have been on the verge of bankruptcy or bankrupt and the case for breaking them up and reorganizing our banking system would have been much greater instead the desire to create stability was first and foremost which meant.

financing we actually financed the large banks to grow even larger while we were complaining about too big to fail we made them bigger and it was done secretly that's the bad part because it means that our democratic process these are being subverted even from our congressional leaders so this is all happening with public taxpayer money and this is all happening these they secretly so congress doesn't even know about it or who doesn't know about it well if it's a very small combine all it would be the treasury secretary the head of the federal reserve and the top bankers. the congressman there there was serious discussion about breaking up the large banks after all that had caused this crash it wasn't you know consumers getting fat on loans it was the gambling spree that wall street went on of these banks were in serious trouble so the idea of breaking them up in reinstituting glass steagall separating commercial banking from investment banking

was on the agenda was being discussed now if those congressmen knew that day that the secret loans were being given out then they might have acted more forcefully instead they were told oh no these banks are fine. we need them to compete in the world economy they produce jobs blah blah blah. and you also say that wall street the secret government they serve to protect themselves rather than the public can you elaborate on that a little bit you know this this is an unbelievable story. hank paulson was treasury secretary under bush was about to nationalize fannie and freddie take them over because they were in such bad shape when he in doing so it would wipe out the shareholder value of those companies. meanwhile he was telling congress and the public that it was going to take some minor fixes and some audits and everything would be ok but he secretly met with

a roomful of hedge fund managers who had a lot to gain from this information he gave them this information before he told congress and the four he told the public now we don't know for sure whether or not these hedge funds then shorted the stock or got out of it at freddie and fannie but they might have but what is he doing meeting with lead top hedge fund people and not meeting with congressional leaders not telling the public and that's absolutely outrageous is it legal for this to go down to that phrase it is i'm afraid it is because they are law or our laws are so porous about this and b. hank paulson didn't actually make any money on it so he's not really committing insider trading and now it's unclear whether or not a law was broken if other people acted on that information probably not but more of that what what's being broken is democracy you can have the treasury secretary give

tips to his old buddies from goldman sachs who now are in these funds that is absolutely outrageous and i'm surprised you know if that word got out there might be more occupy wall street demonstrations because it's just simply outrageous for that to happen and. as you said. this that wall street is it is a danger to democracy and you say that occupy wall street is is fundamentally correct and they're on the right track about we need more what else needs to happen . well we need places for the rest of us to express our outrage people like me are not going to sleep on the concrete you know it is just not going to happen people with families are not going to and jobs and whatnot are not going to riches to pay at that level so how do we protest about how do we show our democratic outrage it's not enough to just go to the ballot box because we know that both

parties are very much but hold on to wall street whether it was a democrat in with. from. you know citi group as treasury secretary or hank paulson from goldman sachs it doesn't really matter so we need to be able to express ourselves what i'd like to see happen actually would be for all kinds of people to set up their own ninety nine percent clubs to help dramatize and come up with our own ways of protesting about these issues less thank you so much for sharing all this with us and that was that economist and author that leopold now we've shown you some of the shocking images of police brutality throughout their crackdown an occupy wall street protesters police have resorted to using pepper spray beating protesters with the times and arresting them by the dozens we've seen their massive presence at the sites decked out in riot gear as if it were a war zone and some call it proof that the police force is becoming militarized in the u.s.

but not all cops are jumping on the police brutality bandwagon in fact some are coming forward and speaking out against it our correspondent kareen apart and i had takes a look at police officers that are standing up to their zero. those streets occupy wall street has become an undeniable american household name. and police crackdowns against the democratic movement have become something of the norm not so normal is seeing one side endorse the other. retired philadelphia police captain graeme lewis became the game changer on nov seventeenth arrested while demonstrating with occupy protesters on the streets of new york city the twenty four year veteran was held in police custody for eleven hours and received one comment from a new york cop nobody spoke to this one individual said that i had the testicles of an elephant although all of america's police force is part of the ninety nine

percent captain lewis says cops secretly supporting o.w.m. face dire consequences by going public tremendous fear of losing their job being disciplined being fired and then what do they do everybody in the ninety nine percent figure and police officers also they cannot risk they have children. what would they do once you're fired or no jobs available in the nighttime raid on zuccotti park and subsequent arrest of dozens of journalists covering the story are among many reasons captain lewis says he temporarily transplanted to manhattan that's close to dictatorship when you exclude the media. that's what dictators around the world and that is very scary brutal scare tactics such as pepper spray the time and flash grenades hi mr has been used against occupy camps around the u.s. oakland california resembles something of an urban war zone this fall leaving a war vet in critical condition and the eyes of an eighty four year old burning

from tear gas oakland police officer fred chavez is the only active cop who's gone on record with his support but totally agree with occupy. wall street even to an extent what i can broker i am a part of the ninety nine percent for the most part people are peaceful they want to see chased many believe the biggest change could come when or if u.s. law enforcement officials stop suppressing the right to assemble and begin supporting it despite his arrest captain lewis is back at zuccotti park showing on wavering support for the occupy movement standing roughly ten or fifteen feet away from him a group of new york city police officers yes they're here securing the area but some are beginning to show little interest for the first time i had an officer break ranks yesterday at the barricade line a white officer named officer murray and introduced himself and he started asking if you question i said do you know the risk you're taking and he was so brave they

said this is still america and until a supervisor ordered ordered me back to the line i'm going to talk with you i hope to get mainstream america involved the police involved realizing that we're all victims of corporate america and that corporate america has got to be stopped marina port r.t. new york and to talk more about this i spoke to iraq war veteran activist michael prysner he was actually arrested this past week the police raid and eviction of the occupy los angeles camp and he told me about he told me all about his experience there. hundreds and actually thousands of people mobilized to occupy l.a. once the mayor took back the approval for city hall to have the encampment there on the lawn thousands mobilize knowing that and eviction was pending just like they did in wall street in oakland and other places but regardless of the people

legitimately wanting to express their first amendment rights their freedom to assemble the city came charging in before any dispersal order was given the l.a.p.d. came charging in with full riot gear from city hall onto the city hall lawn anyone who is in their way when they were charging in i was knocked over was be in i personally saw a photographer a journalist who was on the stairs who was thrown down the stairs and beat and he was actually charged with assaulting an officer even though his back was to them when they charged through the police went around through the camp destroying tents ripping them apart pulling people out of them were in their tents asleep and then surrounded the entire area and began arresting people one by one who are refusing to leave now would you say that most of the cops were participating and that's harsh crackdown. is it just a select few that were resorted to violence or what's your take on that.

well you know there was over a thousand police officers that took part in this operation when i was in the main square where the main arrests were happening every cop i saw was acting belligerently hitting people for no reason and some very dangerous things as well there are some protesters who went up into the trees to you know get out of this charge that was coming through and the police immediately started shooting at these protesters who were in these trees with beanbag guns and with rubber bullets one protester was shot and fell about twenty feet before he caught himself on another branch someone who could have died in the fall i don't think that was the most efficient way to tell this person to get out of the street by shooting him and so there's all these incidents of police brutality many many far too many to recount but it wasn't until we were actually jailed and arrested that the real ordeal really began because that's where the city took out a real punishment and started using its real intimidations on people it's once we were locked up in jail you were intimidated when you were in jail you're saying

that's when it really yes you know bad. right you know i've been arrested and multiple civil disobedience actions but never have i seen treatment such as this for people who were detained we were kept in tight handcuffed behind our backs for about eight hours on a cold cement floor something completely unnecessary people were denied medical attention who needed it when myself and a group of people after about six hours asked to use a restroom the police said if we couldn't use the restroom in our handcuffs that we couldn't use it and so we were denied access to a restroom some people your native themselves because they couldn't wait and there's a litany of civil liberties abuses that took place once we were in jail first of all our lawyers were not allowed to see us for many many hours when my attorney showed up to court the next morning he was told that the jail was closed and that no attorneys were allowed access i mean this is a violation of the law and the fact that all of the protesters who are charged with refusal to disperse which is a misdemeanor offense were given a five thousand dollars bail california law says that mr meaner offenders shall be

released on their own recognizance meaning no bail but the city of los angeles intentionally put a very high bail on the people who are arrested with the intention of keeping them in jail as long as possible i am one of the few people who is released but over two hundred fifty people who were arrested are still in prison today and it's very possible that they will still be in jail through the weekend and not get out until monday or tuesday and the reason that the city is doing this the reason that they're trying to make it so difficult for these people that they put an abnormally high bail on these people that they're trying to keep them in jail that they kept those in handcuffs for so long is very pleased that the city the l.a.p.d. and the mayor are trying to punish us and they're trying to intimidate us all of the young people the working families of people that have taken their first step in political action people who are so frustrated with the with the system and wanting to make their voices heard the city and the government in los angeles is trying to intimidate these people and scare them from ever coming back out again into the streets which is what we've seen in dozens of cities across the united states an

attempt by the u.s. government to. these protests by scaring these people with violence and intimidation from exercising their constitutional rights i want to ask you because police presumably they're part of the ninety nine percent so why do you think they're serving to protect i guess this one percent sure well i think the police crackdowns around the country really expose who this government and what its institutions who they really work for right now if this was a government of by and for the people of by and for the ninety nine percent well then the government would respond to these protests by listening to the grievances by trying to take real steps to address those grievances by trying to solve this epidemic of foreclosure the epidemic of unemployment you know the skyrocketing cost of tuition the slashing of social services if this was a government of by and for the ninety nine percent that the protesters voices would be heard and they would be taken seriously but instead every step of the way in

every city we're not patient has taken place we've seen that the government has instead used all of its power to crush the protests to scare people out of the streets and rob them of their basic essential and most cherished rights under the constitution the right to peacefully assemble the right to freedom of speech freedom of the press i mean press was blocked and subject to arrest or covering the occupy l.a. demonstration. about cutting you off we are just out of time that was iraq war vet michael prysner after a forty eight hour delay results are finally beginning to emerge out of egypt marking the first election since the events that led to the ousting of former president hosni mubarak back in february the turnout has been the highest ever recorded with about eight point four million voters flocking to the polls over the period of two days the two main islamist blocs made significant gains in this historic vote with some estimates as high as seventy percent but the final numbers are still being counted artie's policy slayer is in cairo and gave us

a look into the incoming results. the latest we've heard from the electoral commission is that both of us are not good at sixty two percent this means that some of the half million egyptians turned out across the ballot and while the figure is high it is still short of the expected seventy percent voter turnout that was earlier predicted not each voter cost three ballots who were for individual candidates and one was for political party as far as the individual candidates vote here no candidate had an outright majority which means that many of them will have a runoff next week when it came time for the head of the electoral commission to announce how the political parties have done he simply said to close him he said he had run out of gas and he called a press conference and immediately at this stage we are hearing them unary suggestions we have been receiving we do put the muslim brotherhood political party

the freedom and justice party those positions in second position is the ultra conservative philosophy party all knew and now this party has indicated that it stands to push for strict religious codes and then in third position is a coalition of egyptian and liberal parties who are putting themselves in egypt and bloc if indeed this continues because remember of course that this is just the first phase of what will be phase election only for the lower house of parliament and only after that will there be an election for the the house of parliament that indeed if this trend continues it does not do the religious parties a huge mandate by which to govern the country there are those critical questions that have not yet been answered and these are just come a tower with this new parliament will have and indeed just how much power the army is willing to hand over the new egypt and prime minister kamal all gonzo really has started naming his new cabinet but included in that naming is at least

a dozen ministers from the previous government who will be holding the same positions in. today is the same foreign minister the same information minister we're now hearing from egyptian state television that the full cabinet will be named on saturday just reinforces what people here in the history have been saying from the beginning and that is that the army if you're serious about handing over power disappointment of kemal are going dorries was just merely window dressing that we've seen much of the same names and players in the new government despite the fact that country has said that he has powers to act independently and that he would not have taken this position is not believe in the army's commitment to hand over power to the city here into here where people are hearing that it is very much the same names that are going to be part of this new government it just reinforces what they've been saying all along and that is that the army needs to step down and step down immediately that would.