>>reporter: the president says the the years right after world war two, a child born into hochtief added better than 5050 chance of eventually join in the middle class. now, the chances are down to one in three. if >> >> there are millions to are now forced to take their children to work things for eighth-just to food banks for a diesel. it's >>president obama: the chance that those children may not climb out of that situation the matter how hard they work, that is inexcusable. it is wrong. >> the president painted the republicans as a party of privilege. >>president obama: they are wrong! >>grant: republicans lashed back at the president. mitt romney said that teddy roosevelt was head of the bull moose party, only one of those words applies to president obama is handling of the economy. >>catherine: he is planning to make big cuts in nationwide. we're learning more about how the bay area will be affected. three different mill facilities will be set down, one in petaluma and one in burlingame. rob fladeboe went to the burlingame office to find out why it is on the chopping block and how