let's now talk more about the continuing wave of panic on the world's markets with dr jason johnson author and professor of political science at hiram college in ohio and he's joining us from atlanta dr johnson morgan stanley has put a bleak forecast on american and european growth saying they're both dangerously close to recession do you agree with that yes but one of the things that you have to remember is that much of these assessments they're based on what people believe as opposed to the realities on the ground well of the companies that have lost stock value over the last two days or two weeks these companies aren't magically not working anymore it's just that people's confidence is at an all time lows so if confidence stays low we will see another recession of confidence improves the economy but the u.s. and e.u. have severe debts how are they going to manage all that debt if their economies are growing and aren't growing because of lack of confidence so europe is the catch the only problem with that is when someone who actually wants to call it most of the u.s. debt right now is ow

and samoa now joins me live from atlanta georgia by jason johnson a professor of political science at hiram college mr johnson thank you so much indeed for your time so the u.s. has a vote to default just hours before the deadline how much is this situation washington's fault oh it coarsely washington all the. go this has to do with partisan right. or are you part of the ultra party and really none of this is helping americans with jobs and so in the end there are little victories and this is really is washington the crux of the problem. the bill the away this bill is the outcome of a battle between the democrats and the republicans and on capitol hill so which of the parties can claim victory over its contents and the compromises. well it's interesting you know who wants a clean break. and that's all that's left of congress' approval ratings have dropped to twenty percent of the president's approval ratings have dropped no one wants to claim victory or a bill that no one is really happy with it so you're not going to hear or you're going to hear a lot of people so for a while where y

well dr jason johnson author and professor of political science at here in college thinks u.s. recovery it largely depends on reestablishing investor confidence but companies that have lost value over the last two days or two weeks these companies aren't magically not working any more it's just that people's confidence is at an all time lows so if confidence stays low we will see another recession of confidence improves the economy will the only problem with that is when someone actually wants to call it it most of the u.s. debt right now is owned by china china is not about to reclaim the state of virginia they're not about to reclaim new york city by calling in their debts they primarily want to see america improve so legislation can be passed united states if the president can sort some control and instill some confidence in our future economy but debts are less of a problem than people's inertia and inability right now to get the economy moving right now it looks like the chances of barack obama getting real like that are actually they're still better than fifty percent whi

for the elections so no one really wins in this deal well that's a position position shared by jason johnson a professor of political science who says washington and the president have little to celebrate who wants to claim victory for travel and that's all that's left of congress' approval ratings have dropped to twenty percent the president's approval ratings have dropped no one wants to claim victory for a bill that no one is really happy with it so you're not going to hear a lot of crowing you're not going to hear a lot of people so for a while where you know what you're going to hear is people saying let's move forward and try to get their over policies through before the end of the year it's going to be a huge impact on two thousand and twelve at least in the short term or overall it's the most or who will raise it because over yet strangely he still has a higher rating now because reagan did at this point has been good at this point in order to be harder so he can recover if you can reassert leadership and do something about the economy which war was still sixty miles away because it

on many a financial mind right now fears of a repeat of sending markets into choppy waters to jason johnson professor of political science things only reassuring investors will save the u.s. from recession. the companies that have lost start there you're the last two days or two we used companies aren't magically not working anymore it's just the people's confidence is at an all time lows so if confidence stays low we will see another recession of confidence improves the economy the only problem with that is when someone actually wants to call it or most of us right now is on by china china is not about to reclaim the state of virginia they're not about to reclaim new york city by calling in their debts primarily want to see america so he just leasing to be passed united states if the president can sort some control and there's still some confidence in our future economy big debts or a less of a problem the inertia and inability right now to get the economy moving right now it looks like the chances of brock obama getting real like there actually are still better than fifty percent which wo

three major banks have warned of a repeat of the two thousand and eight global recession after jason johnson professor of political science thinks a recession in the us is inevitable if investor confidence keep strong. the companies that have lost stock value over the last two days or two weeks these companies aren't magically not working anymore it's just that people's confidence isn't all time low so it confidence stays low we will see another recession of confidence improves the economy the only problem with that is when someone who actually wants to call it most of the us get right now is owned by china china is not about to reclaim the state of virginia they're not about to reclaim new york city by calling in their debts they primarily want to see america so it legislation should be passed the united states if the president can start some control and there's still some confidence in our future economy big debts are less of a problem than people's inertia and inability right now to get the economy moving right now it looks like the chances of barack obama getting real like that are actua

history is on many financial minds right now fears of a repeat is sending markets into choppy waters jason johnson professor of political science thinks only reassuring investors will save the u.s. from recession the companies that have lost start by your glass two days or two weeks these companies are naturally not working any more it's just that people's confidence is at an all time lows so if confidence stays low we will see another recession of confidence improves the economy the only problem with that is when someone who actually wants to call it most of the u.s. right now is owned by china china is not about to reclaim the state or region that they're not about to reclaim new york city by calling in their debts they primarily want to see america so it wasn't just leashing from the past united states if the president can sort some control and there's still some confidence in our future economy the problem that people's inertia and inability right now to get the economy moving right now it looks like the chances of barack obama getting reelected are actually they're still better than fifty per

still going to come up right in time for the elections so no one really wins in this deal but jason johnson a professor of political science says there are no winners in the u.s. debt deal with president obama no exception. who wants to claim victory for settle for and that's all that's left congress's approval ratings have dropped to twenty percent the president's approval ratings have dropped no one wants to claim victory over a bill that no one is really happy with so we're not going to hear a lot of crowing you're not going to hear a lot of people so for a while where know what you're going to hear people say let's move forward and try to get their other policies through before the end of the year it's going to a huge impact on two thousand and twelve at least in the short term or overall it's most of who overrated because overhead yes strangely he still has a higher rating now because reagan did at this point in his career he did at this point in scooter or jimmy carter so he can recover if he can reassert leadership and do something about the economy is still sixteen months away but a

america's three major banks have warned of a repeat of the two thousand and eight opel recession dr jason johnson a professor of political science thinks a recession in the us is inevitable if investor confidence he dropped. the companies that have lost start by your glass two days or two weeks he's companies aren't magically not working anymore it's just that people's confidence is at an all time low so if confidence stays low we will see another recession of confidence improves the economy the only problem with that is an insult and we actually want to call it or most of us there right now is owned by china china is not about to reclaim the state of virginia they're not about to reclaim new york city by calling in their debts they primarily want to see america so he's not just leasing to me past united states if the president can sort some control and there's still some confidence in our future economy that's a problem but people inertia and inability right now to get the economy moving right now it looks like the chances of barack obama getting real like that are actually they're still better

well it's safe is this position shared by jason johnson a professor of political science who says washington and the presidents have little to celebrate who wants a clean reform and that's all that's left congress's approval ratings have dropped to twenty percent the president's approval ratings have dropped to go or it wants to claim victory but although no one is really happy with it so you're not going to hear our crew or you're going to hear a lot of people so for the more we're you know what you're going to hear people say flips move forward and try to get their other policies through before the end of the year it's going to a huge impact on twenty four at least in the short term. what's the who already because every year strangely you still have a higher. rate you know that this point is. we were to be harder so he could recover if you can reassert leadership and do something about the economy and how detroit is still sixty miles away but of president has got to do something to really inspire the public because this was the first. for the rest of america is possible self-imposed defaul

well it's a position shared by jason johnson a professor of political science who says washington and the president have little to celebrate i want to create real reform and that's all that's what congress' approval ratings have dropped a twenty percent the president's approval ratings have dropped to go on and once they claim victory at all they know what is really happy so we're not going to hear or call what you're going to hear a lot of people so very more we're never going to hear people safe let's move forward and try to get their own policies through before the end of the year it's not a huge impact on what he told police in the short term. and what was for one reason because there were you know strangely he still has a higher already know all because we get to this point is we're going to be going square or jimmy carter so he can recover if you can reassert leadership and do something about the economy which was still sixty miles away a bit of president has got to do something to reinspire the probably because this was. how the rest of america as possible self-imposed faults h

is still going to come up right in time for the election so no one really wins in this deal but jason johnson a professor of political science says there are no winners of the u.s. debt deal with president obama no exception. i want a clean break. and that's all that's left congress' approval ratings have dropped to twenty percent the president's approval ratings have dropped no one wants to claim victory or bill they know what is really have been put so you're going to hear a lot of crowing you're not going to hear a lot of people so for a while where know what you're going to hear people say let's move forward and try to get their other policies through before the end of the year it's going to a huge impact at least in the short term it's. a way to sever yet strangely he still has a higher approval rating now because reagan did it this time he was good at this point in screen or jimmy carter so he can recover if you can be a circular ship and do something about the economy is still sixteen months away but the president has got to do something to really inspire the probably because this was.

fears of a repeat of the financial crisis of two thousand and eight her spreading global panic but jason johnson is a professor of political science he told us the things we might see a recession in the u.s. if investors aren't reassured soon the companies that have lost your glass two days or two he's probably is aren't magically not working any more it's just that people's confidence is that i'm all time low so if confidence stays low we will see another recession of confidence improves the economy the only problem with that is when someone who actually wants to call it or most of us right now is on by china china is not about to reclaim the state of retreat you're not about to reclaim new york city by calling in their debts they primarily want to see america so just leasing from the past united states the president can sort some control and there's still some confidence in our future economy less of a problem to people's inertia and inability right now to get the economy moving right now it looks like the chances of brock obama getting real like that are actually they're still better than fif

america's three major banks the board of repeat of the two thousand and eight global recession jason johnson is a professor of political science he told us he thinks the recession of the u.s. is a. never people if they invest they come for them to keep. the companies that have lost your glass to gaze or to these companies aren't magically not working anymore it's just that people's confidence is at an all time low so if confidence stays low we will see another recession of confidence improves the economy the only problem with that is when someone actually wants to call it or most of the us right now is owned by china china is not about to reclaim the state of virginia they're not about to reclaim new york city by calling in their debts they primarily want to see america so if legislation to be passed united states if the president can sort some control and there's still some confidence in our future economy. and people's inertia and inability right now to get the economy moving right now it looks like the chances of barack obama getting real like it are actually are still better than fifty p

over repeat of the financial crisis of two thousand and eight or spreading global panic talk to jason johnson's a professor of political science he said he thinks we might see a recession in the u.s. if investors aren't reassured companies that have lost your the last two days are these companies aren't magically not working anymore it's just the people's confidence is at an all time low so it confidence stays low we will see another recession of confidence improves the economy will be gone probably that is when someone actually wants to call it or most of us right now is on by china china is not about to reclaim the state or region you're not about to reclaim new york city by calling in their debts primarily want to see america so just leasing from the past united states if the president can really control and there's still some confidence in our future economy. people's inertia and inability right now to get the economy moving right now it looks like the chances of barack obama getting real like there actually are still better than fifty percent which would lean left markets that are concerne