even so, i think is preposterous they have to have a proven track record of steady groh. >> theontroversy will continue. lar this week we will find ou how bank stakeholders hve performe >> good to have you with us. still to com-- ttling mother nare. wrestlingwith the elements. first, tough yea for japan's corpate sector. a bi jumpin demand for coumer product. a new intest in green ergy. will going green put you back in the black? r correspondt report now. >> panasonic is demonstrating a product it hopes will rede issions and return the company to profit. >> is is a low energy microwe oven, and this is a rice cooker wheryou can cook in stead -- instead of water. this is a refrigator. this is the basef the refrigator. >> there are solar panels on the roof and fuel cells in the back garden. ev the toilet is designed to us lessater, and power consumption in the house is ntrolled electronically. spite the neon-litities, japan is relativy energy efficien it is the second bigges economy, but only the fif larges emitr of grnhouse gases. t government wants the coury to be a world lder in eironment

unemployment, ade, protectionism, mimum wage, antitrust, innovation, groh, retirement, and education. the list goes onnd on. what's more, tre's no single rit answer to any of these. i can line up republe economts on both sides of almost any economic toc- sometimes three four sides. as vots and citizens, americanseem to have a strong desire to understand these issues. but there's a big gain economic litery. journalistic pieces on the economy are accessiblend easy to read, but they raly provide the sic economic theory and principles. by contrast, most onomic textbookgive the dry theory without much connection to current events. now, there are pnty of groups whdeal with economic literacy for school children, likthe national couil on economic edation. and college studentsof course, get to take basieconomics course but for adults who care abt the economic choices thawe make as a ciety, the options are much sparser. i think we need to start figuring out a wayo get americans the informatn and derstanding about the econom that they need to make infmed decisions. that could bin print, online,

. >> two sectorshat usually show lot of job groh coming out of recession are constructionnd autos. but many economists believe those o sectors wot create a lot of jobshis time. what do you think? >> you know, they will rtainly be expanding. the cash for clunkers program, forxample,as been a tremendous success and we do see proction schedules, for examp, ramping up for the auto industry for thehird quter. t i take, which is true from your question is we are going to b looking to oth sectors, rht. so if, for example, consums aren't going to be buying as much as they might ha in the past because they are goi to be savg more, will need oth things like our n exports or our business investment to come in and fill that gap. >> what two or three indicators are you gng to look to wards the end of the year to cide whether or n we need a second stimulus packa. >> the gold standard h got to be job cation. what we need teeen, you know, what h been the hallmark othis recession is just th tmendous job loss that is just so painful for thamerican peopleand just such a trady. so the solutely the thi

it's possible that we'll see groh rates that look quite healthy, but still the overall level of activity is going to be very low. and that's why it's very much like michael said, we'll see the signs of growth and signs of recovery, but for most people they won't necessarily feel that. things -- >> susie: so are you saying investors should not feel confident at this time about putting new money into the stock market even though there was a big rally today? >> i think that investors ought to continue to be cautious about committing dollars to the stock market. the stock market is up some 50% since the lows in march. it's been a tremendous run. maybe the selling was overdone and we were looking for an amazingly dire scenario in march, things really failing. things have sort of built back, gotten together. but we've got from a market that was selling at ten times earnings now to now 16 times earnings. and most of that gain has all been in the multiple expansion. what i mean behave is that for every dollar in earnings people were willing to pay $10 a share in march, they're now willing to pay

that pulled the economy back from the edgef an abyss, an it set the foundation for at least positive groh, although subdued growth in the quarts ahead. >> susie: david, do youagree wi larry? did president obama dohe right thing byenominating ben bernanke >> without question. the renomination bernankeas a key decision by the president. well-deserved as larry sugsts. we had a difficult test situation for a new fed chairman, maiy witacademic experience. e good news was he had studied the greatepression as an academics the president alluded to i don't think hever thought he'd be in a posion where he was ying to keep the economy out of another great depression, but he's really done a goo job. he has been bold. he's ud imagination. he used both convention fed tools in terms of rate cuts,ut he's moved o into an area we never seen before unconvenonal policies, buying securities in order to push wn mortgage rates and low longer-term borrowing cost for households and business. really been a remarkae record. >> susie: let ask both this, because ev his suorters criticize bernanke, that he was slo to

and nass why, i tnk f what they are predicting is correct, they are going to get back to 8% groh. >>se: are you iressed withhe ldership over there. >> look, their leadership works from aery different basis from ours. >> rose: yes, it does. >>ut if you --. >>ose: called democra, demand economy. >> absolutel but how doouudge it. you judge it by results, ifou go around the untry --. >> rose:'m judging about the quality of the men and women who lead the country. >> i think they're very smart. i s in the world econic forum in janry an heard a lot of the world leaders speaking there. and you had premier speaking and i listened to h. and i'veeard him and i've met him. but i listen to what he said and i thought this is a western politician speing. rose: exactly. he ask a art guy. >> rose: y. >> he really i >> rose:ou know what is interesting ask to talk to americans who go to chinar india as wel, at questions are they asked. you kn, and y get from people without gto china that there ian intensity of they want to know everything they can learn that you kno they want just, you know, be a spong

. >>> not only are they weathering the storm, the grass greener for scott's miracle groh.the companies trading the 52-week high, up 63 cents, 1.75%. how is the lawn care giant keeping stock strong during the downturn? wendy baum spoke with the company's ceo and she joins us now with all of the grass-growing, weed-killing details. >> i didn't think anyone had had a lawn anymore? aren't all homes in foreclosure in. who is buying miracle grow? >> last year, scott's was in trouble, right? late of home gassing to foreclosure if i'm going to cut on anything, i'm going to cut back on my lawn care, stock today hate nine-year low this he shored up the fundamentals, hit the streets, instores, had a lot of little companies say to me we can't get our products on shelves because scott's blankets the shelved with their products. didn't find a lot there. other thing analysts are watching, r&d, new products in the pipeline, particularly in the natural bioherb side category. you and i were talking a minute ago what, is the secret ingredient? >> magic ingredient. >> killer ap which scott's

i mean, that is where the groh area is.ch swer in the voucher side for a whole set of reasons, but any tax credit side, that is a huge growth from even 2000, i think it was 1999, 2000, where there may have been about 18000 to 171,000 state. so there is growth there because there is a demand that even though there is a political debate, there is a demand for it. second, it's not semantics but i want to be very clear. people often argue against vouchers for the same reason the superintendent making because at one time in american history around a brother but there was massive resistance and people created tuition tax credits to create wide-open academies which were used to segregate. in the book chapter that i vote called brown vouchers and the philosophy allegra, there was an analysis showing the voucher program fall of 1994 is a liberty-based model which doesn't remotely touch the segregated race-based intention of the tuition grant program of the 1960s. from an accounting standpoint, the voucher would be handled different