nobody moves more dirt than caterpillllar. and we rely on freight rail to move us. >> most people i know it ended up at the same at minimum-wage jobs they at before college. they are stuck there now. they wasted a bunch of money and got a bunch of it get to go nowhere -- debt go nowhere. >> under graduate borrowing is up 57%. 2/3 of collegee students " on average $28,000 for the college education. deeply in debt, cannot find work. the president says he is gong to give sdents a break with exececutive action. critics say is a drop in e bucket. we are coming up on an election year too. >> compared to what they need to do, it underscores how holessly powerless government is that this is the best th can do with these little nickel- and-dimed things. >> it is not the best they can do but it strikes me that obama this week -- y could seehe very clear outlines ofis campaign in dealing with the ideaea that people, after three years, really are not sure cookie is. he came in with hope and change d compromise. comprome didn't work. now h

nobody moves more dirt than caterpillllar. on freight rail to move us. >> this week after lots of campaigning for his jobs bill, the president came up short in the senate in the meantime, herman cain has shot to the top of theolls with his controversial 9-9-9 plan. joining us peter morici professor at the university of maryland school of business, and josh boak from "politico." gentlemen, welcome to you both. josh i will start with you. you wrote an article this week warning that the housing crisis raises the stakes for the bill. >> very much so. most local governments depend on property taxes to get their revenues, and property tax collection is goining to be down 3.7% this year and expects to slide continually in 2012 and 2013. president obama wants the federal government to fill in that gap, but the senate said no. >> he did tweak his bill that it would focus on fire fighters, police officers, and teachers. he cannot even get that part of the bill passed. not enough for the 60 votes he needed. >> quite simple, the republica