but on main street credit is very hard to get. small businesses that hire most people are being threatened by president obama with the largest tax increase in american history. which would fall heavily on employers. how do they hire more people when they're being told by the president i want to tax you with the biggest tax increase in american history? >> you've got that message, the republican message out there about the president's program. let's drill down on the republican contestants. >> andrea, it's more than the republican message. it's the reality in the heartland. it's the reality on main street. >> well, if the president is vulnerable on the economy, he's the incumbent, if all incumbents are, republicans and democrats in congress as well according to all of the polling. do you have any regrets about not running yourself? >> no. i made the decision based on personal factors. i've been around a long time as you know, andrea. somebody who's running for president has to be prepared to make a commitment that is to the exclusi

we want to show you the typical scene up and down main street. look at what the water did to this boutique. the store front pushed right off the foundation. and then just a disaster zone inside. thenent the corner, you see the famous flood of 1938. this is the water mark from the water yesterday, way above my head. diane. >> the new famous flood of hurricane irene. thank you, linsey. and 100 miles away from you up in windham, new york, more than 2,000 people were trapped as the waters rose there. abc's jim avila is in windham right now. jim. >> reporter: diane, it's scenes like this that show us the power of a tropical storm in not a very tropical place. sucking the earth from beneath the pavement and swallowing entire cars ananhousing foundations in giant sinkholes. irene's legacy in new york's catskills mountains is the flash flood. >> there goes the car. that car is history. >> reporter: this is windham, new york, a small town normally alongside the batavia kill creek. but irene's downpour joined town and river as one. >> the water is, like, p

they have not extended any credit to main street. so that disconnect is worse. and they really feel like wall street is out to get them and they're probably right about that. >> catherine mann you are saying that is the case both in the u.s. and in europe? >> well, certainly the case in the u.s. i think in europe there is a little bit of a different situation there. because more big companies fund themselves through the banking company. most are big companies. they fund themselves through the equity markets, the bond markets and so forth. but in europe the big companies do depend on the banking system a little bit more for their credit availability. and so to the extent that they worry about the stability of the banking system there, the big companies do have a little bit more to worry about. however the point i would like to make about this, the debt crisis and the sovereign issues in europe, we need to go back to the latin american debt crisis for some struction here. and that, is that if you take ten years to try to resolve a sover

anger and the disconnect between wall street a little bit but really more between washington and main street which i think it's less press and i think going forward we have to hope that when some churchill's old saying about america prove to again which is america always gets it right but not until it's tried everything else that doesn't work and how about failed and then we'll get it right you seem to be have moved through a lot of things that are working and i can only hope you find one that does although i have to be honest with you i do have high hopes for the for jobs response in the big picture but in terms of september announcements from the administration it's hard to be excited and feel like you'll be likely delighted with what you have to see i mean yeah even if he comes up with something that economists say is brilliant they're still congress to get it through and we've seen how how well that's the turned out i mean later on in this program we talk about how hurricane funds are now trapped in congressional political partisan infighting but i guess very quickly get it do you think

wall street and main street are the same. all street does well -- >> the problem in this country is there isn't demand. and i do -- harold's right. i do want the president to be bold. and i think -- i've been watching cnbc more than i ever have before and enjoying it. i see one ceo after another come on there and say, well, it's not the thing to do when we may be heading into a second recession. we need government to step in. the governments around the world in march of 2009 got together and organized an international stimulus plan which kept us from falling into a depression. the president's got to go out there with support from the business folks i see all the time on cnbc. it's not about regulation. it's about demand. >> it is a dand story. there's also a regulatory environment which people still do not know and understand how it is going to look in six months. >> you said basically you're hoping the president goes big or goes home with this jobs plan. so far there's no indication that he plans to go big. i mean, do you thi

can go about building a new stronger dam congress needs to stop aid to start helping people on main street and try to relieve some of the pressure on our dam. help people.

main street is wrecked. none of the 1,800 people who live in windham, new york had any idea what was about to happen as irene moved in. certainly not antonia schreiber. >> we thought we were going to lose electricity, at most. >> reporter: you didn't think you were going to lose your store? >> no. >> reporter: less than an hour later, the 26-year-old owner of this full-service day spa knew it would be far worse. >> it was coming down main street, it was a raging river. this little creek, which is still larger than normal, was gushing against that bridge at full force, and we saw the bridge and that was when we decided we had to evacuate. >> reporter: known as the city on the mountaintop, higher ground didn't help, as up to four feet of water went rushing through windham. 24 hours ago, where would the water be on us? up to our waists? >> it would be up to our chest. >> reporter: the water was this high 24 hours ago? >> you can see it on the house. this was our waiting room. >> reporter: her ruined business is

that comparison being made on the streets of tel aviv this demonstration is mobilized around eight main street in tel aviv that's known as the last child boulevard and for the better part of three weeks that street has been turned into a chain city there are hundreds upon hundreds of tents their way people are sleeping where people are eating they're holding discussions they're playing music and they themselves are referring to the street as your corner to hear square of course being the heartbeat of the egyptian revolution here in israel it's also a demonstration that has launched the mobile. by the youth which is what we saw happening in egypt it is also a demonstration that is receiving support online people are tweeting all the time people are updating posts on facebook they're putting videos and pictures on you tube and certainly have a calling for regime change which is what we've heard happening in egypt but perhaps one difference is that this demonstration hasn't yet become and and talking to protest organizers they say that they will not allow it to become violent but whether or not t

tonight talked to small businesses in belvidere, illinois, about the best way to create jobs on main street u.s.a. >> okay, these are ready to go out. >> reporter: gary simon is barely able to keep up with the lunch crowd at his restaurant, the brick, in belvidere, illinois. still, simon thinks business could be a whole lot better. >> there's a lot of homeless people in belvidere. there's a lot of people on food stamps, and we don't get those people in here anymore. we used to. >> reporter: in belvidere, a scrappy factory town in northern illinois, jobs-- or the lack of them-- are a huge issue. unemployment here is nearly 13.5%. at city hall, word that the president plans to propose a new jobs program got a muted response from mayor fred brereton. >> sure, it sounds good. i tend to fall on the side that government can't be creating those jobs. they need to create the environment that other jobs can be created by the private sector. >> reporter: the problems plaguing belvidere really aren't dissimilar from the ones plaguing every other community across the country, and many of the businesses

. >> this is item 9, 2011.0661i at 135 main street. a report on samuel merritt universities every be it in -- abbreviated institutional master plan. >> sponsor? kurtzer will submit for mr. crawford. this is the abbreviated institutional master plan for the samuel merritt university. the first filing of an imp for this institution. they're based in oakland. san francisco is one of four campuses that they have. they offer bachelor's degrees, and receiving degrees leading to a registered nurse license. this was triggered because they are relocating their campus from the current location at st. lukes hospital to 555 san jose to the subject location at 135 main street. this is abbreviated because they're less than 100,000 square feet within the c-3 zoning district. there at 7229 square feet. there will be expanding to 13,000 square feet at the new location, which is currently vacant, and the expansion will allow for expanded skills labs. the had 96 students currently at the san francisco campus, which is not expected to increase that the ne

quaint main streets became muddy torrens. this is a little village north of new york city in the catskills. just look at the force of this water at woodstock, vermont. those are propane tanks picked up and carried away. nothing can escape the current once it falls in. not even cars. trapped in the raging waters this sedan was batted around like driftwood. fortunately no one was in the vehicle. >> whoa! get out of here. grab the mic. >> that's a reporter with wcbs at ashbury park, new jersey. she and the crew thought they were far enough away from the water, but they were wrong. on long island large sand berms to protect the life guard station worked for a while. but in the end the building smashed into the pier. hello. thanks for joining us. i'm martin as a savidge. don lemon is off tonight. irene may have lost hurricane status but as a tropical storm it's been just as menacing. it made landfall again this morning in new york city as a category one and in recent hours has been sweeping through new england with nonstop wind an

been happening and continues to happen in neighboring egypt this demonstration is sainted around a main street in tel aviv known as what's child boulevard and there are tens upon hundreds of tents on that street people have been sleeping there they've been eating they've been holding discussions and meetings they've been playing instruments essentially they've been living their lives on the street that some people here have dubbed tough to square. corner of course being a reference to the heartbeat of egypt and revolutions a city that is a comparison we all still on seeing young people come to the streets here this is a demonstration and it's all mobilized by the youth in much the same way as it was in egypt the demonstration is also taking place online with people constantly tweeting with people taking posts on facebook facing pictures and videos on you tube and like we saw in egypt people kept calling pull change how do you break the prime minister benjamin netanyahu has been very quiet in his response to the much the same as that are being made to president hosni mubarak was at the top topi

completely out of touch with what people here are thinking this demonstration is mobilized around eight main street and tell of a better known as the last child born of god and for the better part of three weeks that street has been turned into a tin city there are hundreds of tents there way people are sleeping where people are eating they're holding discussions they playing music and they themselves have a thing to the street as to feel a corner tapia square of course being the heartbeat of egypt. here in israel it's also a demonstration that has actually been mobilized by the youth which is what we saw happening in egypt it is also a demonstration that is receiving support online people are tweeting all the time people are dating posts on facebook they're putting videos and pictures on you tube and certainly have a calling for regime change which is what we heard happening in egypt. when we're keeping across developments in israel and. of its posting comments on our twitter account at the moment that underscore calm she's telling us what's happening the so-called israeli target here ahead of mas

out of touch with what people here are thinking this demonstration is mobilized around the eight main street in tel aviv that's known as the lost child boulevard and for the better part of three weeks that street has been turned into a change city there are hundreds of tents there way people are sleeping where people are eating they're holding discussions they playing music and they themselves are going to the street as tuffy a corner toughest where of course being the heartbeat of the egypt. maybe lucian given his knowledge of us again it's a shame that has not actually be modernized i.b.u. which is happy so happening in egypt it is also a demonstration that is receiving support online people are treating all the time people are dating posts on facebook they are putting videos and pictures on you choose and see if you can have a clear link for vision change which is what we heard happening in egypt. when we keeping across developments in israel in artie's paulus live in front of his posting comments on our twitter account at the moment r t underscore calm she's telling us what's happening a

can you tell me about the impact that financial regulations will have for main street small businesses? >> yes, mr. chairman, thanks for the question. as i said in my testimony, it's hard to know exactly what the impact will be. we heard that from the first panel as well. small businesses have the hardest and most expensive time really complying with new regulations, and as you know, there's a flood of regulations headed their way, and in this space in particular, again, our concern is that some companies may be directly regulated who didn't expect to be regulated as my fellow panelists, mr. fleming mentioned, and others may find access to credit lines or credit instruments they rely on are more expensive or unavailable. there's no way to know for sure what the impact is going to be, but those are the two areas where we're hopeful there won't be an adverse impact. >> can you tell me how small businesses use the equity in their home to finance small businesses particularly in the early stages of development? >> sure. i think it's pretty widely accepted that particularly the very smalles

and if there ever was a day that highlighted the gulf between wall street and main street, this was it. the dow came roaring back from yesterday's 600-point plunge picking up more than 400 points. after the federal reserve did something it's never done before, promising to keep interest rates at rock-bottom for two more years. what the fed sees in their data is what so many of us feel in our bones -- america's economy is weak. good jobs are scarce. this chart tells the story. in other recent recessions back in 1981, the reagan years, and 20 years later, after 9/9/, you saw some job loss, but then it came back. look at what's happening this time. many more jobs lost much more quickly and they're not coming back with the same kind of speed and force. abc's bianna golodryga starts us off tonight. >> reporter: wall street's wild ride continued today. skyrocketing higher. after a two-week period with massive drops that had wiped out more than 16% of the market's value. at the closing bell, the dow was up 430 points. the tenth biggest point gain in history. the rally spurred by the federal r

happening and continues to happen in neighboring egypt this demonstration is painted over around a main street in tel aviv known as what's child boulevard and there are tens upon hundreds of tents on that street people have been sleeping there they've been eating they've been holding discussions and meetings they've been playing instruments essentially they've been living their lives on the street and some people here have dogs tuffy a square. tapio corner of course being a reference to the copies of bt gyptian revolutions a city that is a comparison we all still seem young people come to see to it is a demonstration it will mobilize you in much the same way as it was in egypt the civilization is also taking place online but people want to be treated with people taking on face book taking pictures and videos on you tube like we saw in egypt people just pulling told her she changed out israeli prime minister benjamin netanyahu has been very quiet in his response to much saying that i'll be happy to present it was the topic that said the fifty day be up to the city to see if these issues are gap

the debt deal, who won, was it wall street, main street, or someone else. cast your vote, send us an e-mail, tweet, tell us on facebook. we're going to read your comments throughout the morning. >> norway story suspect anders breivik reportedly purchased bomb making chemicals and other equipment for last week's attack on ebail. breivik used the site to buy sulfur powder for explosives, protective suit and drill press device to make bullets. the head of the medical panel investigating the suspect says he believes he's in control of his actions and not insane. >>> more gunfire reported in hamas, syria, following a violent bloody weekend. government tanks rolled into the city yesterday, killing at least 71 people, injuring more than 100 others. president obama describes those attacks as horrifying. >>> it was an electrical short that caused a fire in the cockpit of an air egypt flight today, actually on friday. 300 passengers had to be rushed off the plane before takeoff from cairo to saudi arabia. two firefighters also treated for smoke inhalation. >>> and ju

but i was not able to make that connection between wall street and main street. even though bob asked two related questions, they are really one in the same. understandyou don't the role of markets and how important they are two main street, you are never going to understand why we had to do what we did. on that note, you can tell i don't care at all about this. [laughter] then i am sure you would not have gotten an a in box bicycle as. >> i can tell you -- bubble was a better student then i was. he was also a great public speaker, even in college, and a tremendous actor. [laughter] yes, he was -- he was. he was the star in all of the plays. [laughter] >> first of all, let me thank you for the introduction. i hope it is on. i will shout. it isn't working now? >> i don't see the hand held, either. >> ok, it is up and running. i want to thank the president for putting these programs together. i think they have been great. i especially want to take a moment of personal privilege because it is a great honor for me to have a chance to moderate this program. i played a

israel and what has been happening in neighboring egypt this demonstration is sainted around a main street in tel aviv known as was child boulevard and there are tens upon hundreds of tents on that street people have been sleeping there they've been eating they've been holding discussions and meetings they've been playing instruments essentially they've been living their lives on the street that some people here have dubbed tuffy a square to hear corner of course being a reference to the heartbeat of the egypt's revolution so certainly that is a comparison we also are seeing young people. this is a demonstration. the same ways that. people. would be. people all to former ukrainian prime minister yulia timoshenko continue to protest against her arrest her supporters have set up a tent camp in the center of the capital kiev she was arrested on friday for contempt of court and auntie's. has more now from the sport that. several dozen supporters of you are protesting here believing that the case is politicized and being orchestrated directly by the president several hundred more people are sta

this is south 680 at main street. some activity there on the right shoulder, as well. elsewhere, chp issued a traffic alert for this trouble spot westbound 80 at airbase parkway. they changed the locater to travers. they shut down the off-ramp to clear the accident. not affecting the main lines. freeway. that travis area is closed until further notice. west of there at hilltop lanes blocked by an accident. stop and go westbound 80 as you work your way come away from 4 so slow through there. as you approach the bay bridge not bad. traffic looking okay. metering lights are still off there. 36 minutes though west 80 from the carquinez bridge car. so slow towards the bridge. not bad once you hit the bridge. southbound 101, looks really nice out of marin county one of the bright spots, only 8 minutes to go 36 to 580. and you can see here taking a look at the golden gate bridge, extra volume but nice speeds. the rest of bay area bridges are problem-free, no troubles on the dumbarton bridge. this is a live look at san mateo bridge where traffic is good in both directions. sti

he's come to the village's main street, about five kilometers from home.at always shops at this store. many of the materials for his wheelchairs are recycled parts imported from neighboring china. amarbat makes his wheelchairs using bicycle parts. he can't make one without a wheel. but a relative in the neighborhood has an extra wheel she offers him. she's always happy to help him. three hours after leaving -- amarbat has finally returned home. he makes the frame that connects the front wheel to the chair using scrap materials. he's built this collection over the years. it's now his treasure. the tubes from a broken desk came from a nearby school. amarbat uses his imagination to design a wheelchair puujee will find easy to use. how will he use the tube? he'll use it for the frame that connects the wheelchair to the third wheel in front. he measures the length again and again. ♪ the three-wheeled wheelchair has made amarbat outgoing. he now sings at parties and earns money to support his parents. today his mother has prepared buuz, steamed buns made with fl

. >>> and from washington to main street, have all the downgrade impact affect real america? it may have been the weekend but it's doubtful the prime minister got much of a break. the turmoil on the global markets spurred them into action and as the new week began came twin announcements from the g-7 and euro banking. they say it stands ready to take coordinated actions. it says it will take all necessary measures to support financial stability and economic growth. so far it has not specified what those measures may be. by contrast, the european central bank says it will actively implement its program of european buying as. as this comes following a market route that started on friday and a hammer blow to confidence by the ratings agency standard & poor poor's which downgraded its rating on the policy debt. >>> you've set out the bad burns. you've been very polite about it, andrew. i want to take the gloves off. action versus inaction. the bear minimum versus something concrete. that summarizes the way the global markets view the two statements that came out over the weekend.